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  • MIL-OSI Russia: Israel issues evacuation warning to Tehran residents ahead of airstrikes

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    JERUSALEM, June 16 (Xinhua) — Israel on Monday issued an evacuation warning to residents of a Tehran city district, urging them to urgently leave the area ahead of Israeli airstrikes.

    In a post in Persian and Arabic on the X social media site, IDF spokesman Avichai Adraei advised residents of District C, located in the northeastern part of the city, to evacuate.

    “In the coming hours, the Israeli army will carry out an operation in this area, as it has done in recent days in other parts of Tehran, to strike at the military infrastructure of the Iranian regime,” Adraei said.

    “Being in this area is life-threatening. For your safety, we urge you to evacuate immediately,” he added.

    District C of Tehran houses several important government institutions, government offices and semi-governmental organizations, as well as communications and intelligence facilities.

    The IDF said in a statement that since the morning, Israeli warplanes have been hitting trucks carrying weapons and surface-to-air missile launchers that are heading from western Iran towards Tehran.

    Also on Monday, Israeli Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz visited the Tel Nof air base in the south of the country. During the visit, Netanyahu noted that the Israeli Air Force “controls the skies over Tehran.” He stressed: “We are on track to achieve our two main goals: eliminating the nuclear threat and eliminating the missile threat.” –0–

    MIL OSI Russia News –

  • MIL-OSI USA: Yale Budget Lab Finds Bottom 80% Of U.S. Households Lose Under Trump/Republican Agenda

    Source: United States House of Representatives – Representative Don Beyer (D-VA)

    Last week during a hearing by the House Committee on Ways and Means, Secretary of Treasury Scott Bessent responded to questioning about deficit effects of H.R. 1 by Rep. Don Beyer (D-VA) by suggesting that the bill would be fully offset through revenue raised by tariffs imposed on other countries by President Trump [as Beyer pointed out, this claim did not account for interest on debt accrued by the bill].

    Numerous studies have found that the cost of tariffs, which are taxes on imports, are ultimately paid by consumers in the form of higher prices. Yale Budget Lab subsequently released updated economic analysis studying the combined distributional effects of Trump’s tariffs and H.R. 1 on household incomes, which found that these combined policies “would reduce after-tax-and-transfer incomes on average among the bottom 80 percent of U.S. households,” with the bottom ten percent of households seeing “an average reduction of more than 6.5 percent in incomes, while those at the top would see an increase of nearly 1.5 percent.”

    Beyer, who serves as Senior House Democrat on Congress’ Joint Economic Committee, issued the following statement on Yale Budget Lab’s findings:

    “The Trump-Republican agenda is a massive transfer of wealth to the richest people in the country from everyone else, with the middle class losing while billionaires rake in enormous gains. As Trump’s tariffs crush working families with higher prices, Republicans are poised to raise the costs of health care, energy, and housing, while kicking 16 million people off their health care. These stunningly immoral and irresponsible policies inflict the most damage on those with the least ability to absorb it, and severely worsen the danger of both a recession and a fiscal crisis. This is a disaster for our economy and our country.”

    CHART: Combined effects of H.R. 1 as passed in the House and Trump’s tariffs (Chart by Yale Budget Lab, original may be found here):

    The regressive distributional effects are the effect of regressive policy. Center on Budget and Policy Priorities analysis found the House-passed H.R. 1 “would cut health coverage by over $1 trillion and SNAP by nearly $300 billion, while giving the wealthy $1.6 trillion in tax cuts.”

    The net effect of these policies is a drag on the economy. Goldman Sachs finds “the hit to growth from tariffs will more than offset the boost to growth from” the House-passed Republican tax bill.

    Chart via Goldman Sachs Global Investment Research

    MIL OSI USA News –

  • MIL-OSI USA: Clyburn, Thompson Joined By Leader Jeffries To Reintroduce Legislation Expanding Background Checks For Gun Sales

    Source: United States House of Representatives – Representative James E (Jim) Clyburn (6th District of South Carolina)

    Washington – On Tuesday, Congressman James E. Clyburn (D-SC-06) and Congressman Mike Thompson (D-CA-04) were joined by Democratic Leader Hakeem Jeffries and other members of the Gun Violence Prevention Task Force to announce legislation to close the Charleston loophole and establish universal background checks for firearm purchases — a policy that’s supported by over 90 percent of Americans. Watch a video of the press conference here.

    “Next Tuesday, June 17, marks the 10th anniversary of the massacre at Mother Emanuel AME Church in Charleston, South Carolina. On that horrific night in 2015, a shooter motivated by racial hatred opened fire during a bible study at this historic place of worship, killing nine worshipers. He was able to obtain the gun because of a provision in federal law that allows the sale to take place if the background check is still unresolved after three business days. Ten years ago, it became known as the Charleston loophole,” said Congressman Clyburn. “I am proud to join Rep. Mike Thompson in introducing The Enhanced Background Checks Act that would eliminate the three-day period and establish in its place a more thorough process that would keep guns out of dangerous hands, while protecting the Second Amendment rights of law-abiding citizens.”

    “Keeping guns out of the hands of people who are a danger to themselves or others just makes sense — and Americans overwhelmingly agree. That’s why 90 percent of non-gun owners and 90 percent of gun owners support universal background checks for firearm purchases. Background checks are quick and effective tools to keep our communities safe while still respecting the rights of law-abiding citizens. It’s time Republican leaders in the House get on board and help us pass this sensible legislation,” said Congressman Thompson. 

    “As House Democrats, we stand strongly behind this commonsense, life-saving legislation designed to improve public safety for communities across our nation. We just need a handful of Republicans to join us to advance and enhance the safety of the American people. I’m thankful for the leadership of Mike Thompson, Jim Clyburn and the Gun Violence Prevention Task Force. We will continue to press forward with the fierce urgency of now until we crush the gun violence epidemic in the United States of America once and for all,” said Democratic Leader Jeffries. 

    Rep. Thompson reintroduced H.R. 18, the Bipartisan Background Checks Act. It is Co-Sponsored by Rep. Brian Fitzpatrick (R-PA-01). Rep. Clyburn introduced the Enhanced Background Checks Act. Both bills would expand requirements for background checks and reduce loopholes to help ensure people who are a danger to themselves or others can’t get a firearm. 

    Background checks are quick, effective, and Constitutional. More than 90 percent of both gun owners and non-gun owners support universal background checks. Recently, reporting revealed that the perpetrator in the horrific June 1st antisemitic attack in Boulder, Colorado originally planned a mass shooting but was unable to access a gun after failing a background check. This most certainly saved lives. 

    Chairman Thompson has introduced background check legislation every Congress since the 2012 Sandy Hook Elementary shooting which killed 20 children and six adult staff members. The Bipartisan Background Checks Act of 2025 (H.R. 18) is endorsed by 204 Members of Congress. Endorsing organizations include: GIFFORDS, Brady, Everytown for Gun Safety, March For Our Lives, Newtown Action Alliance, Sandy Hook Promise, and Equality California. 

    “At a moment where safety and security is a top concern and too many of our leaders fail to prioritize it, we are glad to see this reform introduced again. Background checks work and save lives. It’s a commonsense, bipartisan policy that keeps guns out of the hands of dangerous people. GIFFORDS is proud to endorse the Bipartisan Background Checks Act and thanks Reps. Thompson and Fitzpatrick for their leadership,” said Emma Brown, Executive Director, GIFFORDS.

    “Since its implementation in 1994, the Brady Background Check system has saved countless lives by preventing over 5 million transactions to prohibited purchasers. Yet, loopholes in the system, exacerbated by the rise of gun shows and sales facilitated by the internet, have allowed for far too many guns to be sold without background checks, leading to devastating consequences. H.R. 18 will fix this problem by expanding background checks to cover, with limited and reasonable exceptions, every transfer of firearms, fulfilling the mission of our namesakes, Jim and Sarah Brady. We applaud Representatives Mike Thompson and Brian Fitzpatrick for introducing this legislation and loudly call on Congress to pass this expansion of background checks, which the overwhelming majority of the American public supports,” said Kris Brown, President, Brady.

    “Background checks are the foundation of any common-sense approach to keeping guns out of dangerous hands, which is why the vast majority of Americans support them,” said John Feinblatt, president of Everytown for Gun Safety. “Everytown applauds Representative Thompson and Representative Fitzpatrick for championing this crucial and common-sense step to address America’s gun violence crisis.”

    “Young people across the country have made it clear: background checks are the bare minimum. We’re proud to support the Bipartisan Background Checks Act and will continue fighting until our laws reflect the demands of a generation that refuses to accept gun violence as normal,” said Jackie Corin, Executive Director, March For Our Lives.

    “Since the Sandy Hook shooting in 2012, over 1.3 million Americans have been shot and nearly 500,000 have been killed by guns,” said Po Murray, Chairwoman of Newtown Action Alliance. “Ensuring that every firearm sale includes a thorough background check is a proven and commonsense public safety measure that is supported by the majority of Americans – including gun owners. By closing the loophole on private transfers, this bill strengthens our communities without burdening law abiding citizens. We urge Congress to urgently pass H.R.18 to protect Americans and reduce gun violence.”

    “Keeping guns out of unauthorized hands is crucial in preventing tragedies like the one that took 26 precious lives, including my son Daniel, at Sandy Hook Elementary School in 2012. No community and no family should ever experience that kind of trauma. Background checks are a key piece of legislation that will save lives, and we call on every member of Congress to pass this bill to protect children and communities throughout our nation,” said Mark Barden, co-founder and CEO of the Sandy Hook Promise Action Fund.

    MIL OSI USA News –

  • MIL-OSI USA: CASTOR LEADS FLORIDA DEMOCRATS IN URGING FLORIDA SENATORS TO OPPOSE HOUSE-PASSED BUDGET BILL THAT WOULD INFLICT OUTSIZED HARM ON FLORIDIANS

    Source: United States House of Representatives – Reprepsentative Kathy Castor (FL14)

    Today, U.S. Rep. Kathy Castor (FL-14) and other Florida House Democrats urged Florida Senators Rick Scott and Ashley Moody to oppose the costly and destructive House Republican budget bill, which will strip health coverage away from over 1.8 million Floridians, an outsized impact on hardworking families in the Sunshine State.

    “The House Republican budget bill will hurt the State of Florida, our families and providers more than any other state. We urge you to stand up for Floridians and oppose the bill that inflicts outsized harm on the State of Florida,” wrote the Members.

    Florida, which has the nation’s highest ACA marketplace enrollment, is expected to have an estimated 1.86 million people lose their ACA and Medicaid coverage, over one-tenth of the 16 million individuals expected to lose their coverage nationwide.

    The members continued, “Florida families value and appreciate affordable health coverage. Over 4.7 million Floridians selected an affordable marketplace plan for 2025—almost one-fifth of the nation’s 24.2 million enrollees. Thanks to the Affordable Care Act (ACA), individuals cannot be discriminated against for a pre-existing condition and cannot be dropped by their health insurance company. Florida’s uninsurance rate has fallen by nearly 10%, and approximately 1 out of 3 Floridians (6.725 million) have enrolled in an ACA marketplace plan since 2014, more than any other state. As a reflection of our entrepreneurial state, 31% of Florida marketplace enrollees are self-employed or small business owners, and nearly 9 out of 10 of those individuals receive premium tax credits. The House Republican budget bill would make ACA coverage much more expensive, drive up premiums and hurt family budgets at a time they are grappling with rising costs. Therefore, we urge you to stand up for Florida families and their pocketbooks and oppose the House Republican budget bill.”

    “We urge you to oppose the House Republican budget bill and instead work on advancing policies that will benefit Floridians’ health, quality of life and pocketbooks.”

    Read the letter here and below:

    The Honorable Rick Scott

    United States Senator

    The Honorable Ashley Moody

    United States Senator

    RE: Reconciliation Budget Inflicts Outsized Harm to Floridians – Urge Opposition to House Republican Budget Bill

    Dear Senators Scott and Moody:

    As fellow members of the Florida delegation, we strongly urge you to oppose the House-passed reconciliation bill that will strip health coverage away from 16 million Americans and raise the cost of health care overall to provide massive tax breaks to billionaires. Importantly, the House Republican budget bill will hurt the State of Florida, our families and providers more than any other state. We urge you to stand up for Floridians and oppose the bill that inflicts outsized harm on the State of Florida.

    Florida families value and appreciate affordable health coverage. Over 4.7 million Floridians selected an affordable marketplace plan for 2025—almost one-fifth of the nation’s 24.2 million enrollees. Thanks to the Affordable Care Act (ACA), individuals cannot be discriminated against for a pre-existing condition and cannot be dropped by their health insurance company. Florida’s uninsurance rate has fallen by nearly 10%, and approximately 1 out of 3 Floridians (6.725 million) have enrolled in an ACA marketplace plan since 2014, more than any other state. As a reflection of our entrepreneurial state, 31% of Florida marketplace enrollees are self-employed or small business owners, and nearly 9 out of 10 of those individuals receive premium tax credits. The House Republican budget bill would make ACA coverage much more expensive, drive up premiums and hurt family budgets at a time they are grappling with rising costs. Therefore, we urge you to stand up for Florida families and their pocketbooks and oppose the House Republican budget bill.

    If the Senate adopts the bill and takes no action to extend the enhanced ACA premium tax credits, Florida families will be hit hard – over 4 million families will be faced with much higher copayments and premiums. For example, a 60-year-old Florida couple making $82,000 

    would see their annual premiums increase from $6,790 to over $26,248. These added costs will outweigh any tax savings for working families. Similarly, a Florida family of four earning $64,000 per year would see their ACA premiums increase by $2,571, but estimates show a Florida family of four with similar earnings would only benefit from $1,476 in tax breaks. This would leave that family with $1,095 less in their pocketbooks at a time when the cost of living is soaring.

    Along with not extending the essential ACA enhanced premium tax credits, the bill includes many other provisions designed to make it more difficult for individuals to find and keep marketplace coverage – an unnecessary bureaucratic squeeze with cruel results for Floridians. This includes more burdensome paperwork requirements, fewer and shorter enrollment periods, financing changes to cost-sharing reductions and nuisance fees—all provisions whose only effect is to increase the number of people without insurance. The paperwork requirements will be costly for the state to administer, add millions of hours of bureaucracy to the process and lead to individuals being wrongfully terminated, as we saw during Florida’s grim Medicaid redetermination period. According to President Trump’s own analysis, “coverage losses are expected to be concentrated in nine States,” including Florida. Florida, which has the nation’s highest marketplace enrollment, is expected to have an estimated 1.86 million people lose their ACA and Medicaid coverage, over one-tenth of the 16 million individuals expected to lose their coverage nationwide.

    We have also heard from hospitals, nursing homes and other health care providers in our districts about the harm that would come from the changes to State-Directed Payments and provider financing. These payments are a lifeline for hospitals that treat a high volume of Medicaid managed care beneficiaries, particularly in a state like Florida that reimburses Medicaid providers at 48 cents for every dollar spent providing care. These initiatives help address the shortfall and bridge the gap for entities operating on razor thin margins. Florida hospitals are currently operating at a shortfall of about $3.67 billion, but without these initiatives, the shortfall would grow to $5.7 billion. The House Republican budget bill would hamstring states and take away an important tool for safety-net providers to care for their patients. Reduced federal Medicaid dollars would also blow a hole in the State of Florida’s budget, leaving the state to make tough decisions about cutting essential but optional benefits like home- and community-based services and mental health care; lowering provider reimbursement rates, exacerbating workforce shortages and leading to rural hospital closures; and/or stripping people from their health coverage.

    The Big Ugly bill includes many other harmful provisions that would slash food assistance benefits, increase energy prices and utility bills, and make college less affordable for Floridians. It is fiscally irresponsible and morally wrong – and adds over $2.4 trillion to the nation’s deficits over the next decade as the GOP turns a blind eye to a balanced budget for decades to come. That’s shameful and will drive higher inflation and widespread economic harm – all because House Republicans aim to give major tax breaks to the wealthy and the well-connected. The health care provisions, however, will especially hurt Floridians more than the citizens of any other state. A healthy and productive America depends upon healthy access to affordable care at the right time, in the right place, and by the right provider for everyone. We urge you to oppose the House Republican budget bill and instead work on advancing policies that will benefit Floridians’ health, quality of life and pocketbooks.

    Sincerely,

    ###

    MIL OSI USA News –

  • MIL-OSI Security: Baltimore Man Pleads Guilty in Connection With Murder-For-Hire Plot

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    Baltimore woman killed in a case of mistaken identity.

    Baltimore, Maryland – Today, Matthew Hightower, 43, of Baltimore, Maryland, pled guilty to using a firearm during and in relation to a violent crime resulting in the death Latrina Ashburne on May 27, 2016.

    Kelly O. Hayes, U.S. Attorney for the District of Maryland, announced the guilty plea with Special Agent in Charge Maureen Dixon, Department of Health and Human Services Office of Inspector General (HHS-OIG); Acting Special Agent in Charge Amanda M. Koldjeski, Federal Bureau of Investigation (FBI) – Baltimore Field Office; Special Agent in Charge Toni M. Crosby, Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF); Commissioner Richard Worley, Baltimore Police Department (BPD); and Chief Robert McCullough, Baltimore County Police Department (BCPD).

    According to the plea agreement, Hightower solicited others and conspired to kill Ashburne’s neighbor — a female federal witness — in retaliation for providing information to a law enforcement officer and to prevent her from testifying against him at an official proceeding. Hightower learned that the federal witness provided law enforcement with information about his involvement in a health care fraud scheme and the murder of David Wutoh. At the time, Hightower was under federal indictment for both matters.  While incarcerated pre-trial, Hightower used jail calls and letters to communicate with others to conspire to kill the federal witness.

    Ashburne, who was the next-door neighbor of the federal witness and was similar in age and appearance, was shot and killed as she entered her car outside of her home.  Davon Carter, the shooter, and Clifton Mosley, the accomplice, were previously tried and convicted for their roles in the murder plot.

    Hightower faces a maximum sentence of life in federal prison.  Pursuant to his plea agreement, the parties agree that if the court accepts the plea agreement, the government will recommend that the court impose a sentence of 60 years in prison to run consecutive to the sentence Hightower is currently serving for Wutoh’s murder.

    U.S. Attorney Hayes commended the HHS-OIG, FBI, ATF, BPD, and BCPD for their work in the investigation.  Ms. Hayes also thanked Assistant U.S. Attorneys Kim Y. Hagan and Paul E. Budlow who are prosecuting this case.

    For more information about the Maryland U.S. Attorney’s Office, its priorities, and resources available to help the community, please visit justice.gov/usao-md and justice.gov/usao-md/community-outreach.

    # # #

    MIL Security OSI –

  • MIL-OSI Security: Florida Resident Sentenced in Rhode Island for Possessing a Machinegun and an Unregistered Firearm

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    PROVIDENCE – A Florida resident who often stayed at a residence in Coventry has been sentenced to 30 months in federal prison, having been convicted of possession of a firearm and possession of an unregistered firearm, announced Acting United States Attorney Sara Miron Bloom.

    Joshua Pavao, 45, previously admitted to a federal judge that he possessed an unregistered semi-automatic weapon modified to function as a fully automatic machine gun which had a barrel length of 10 and 5/8 inches, substantially less than the 16 inches required by law.

    Court documents reflect that in December 2023, Pavao engaged East Providence Police, who were investigating a report of shots fired, in a high-speed car chase that resulted in multiple motor vehicle crashes. Pavao fled on foot from his vehicle but was quickly apprehended. Upon his arrest officers discovered three loaded firearms and a multitude of ammunition and loaded pistol magazines in and around his vehicle and nearby.

    Shortly after Pavao’s arrest, Coventry Police Department and East Providence Police Department Detectives and ATF agents executed a court-authorized search of a duffle bag belonging to Pavao that he stored inside a garage at the Coventry residence where he frequently visited. From inside the duffle bag, law enforcement seized eight long guns, four of which were outfitted with an auto sear machine gun conversion device rendering them machine guns.

    Pavao, who pled guilty in February 2025, was sentenced by U.S. District Court Judge Mary S. McElroy on June 5, 2025, to 30 months of incarceration to be followed by three years of federal supervised release.

    The case was prosecuted by Assistant United States Attorney Paul F. Daly, Jr.

    The matter was investigated by the East Providence Police Department, with valuable assistance provided by the Coventry Police Department and the Bureau of Alcohol, Tobacco, Firearms, and Explosives.

    ###

    MIL Security OSI –

  • MIL-OSI: Nasdaq Announces Results from 2025 Annual Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    All 12 Nominated Directors Elected

    Nasdaq Board Re-elects Adena T. Friedman as Chair of the Board

    NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: NDAQ) shareholders elected all nominated directors at the company’s Annual Meeting of Shareholders on Wednesday, June 11, 2025. All directors will serve one-year terms. The elected board members are:

    • Melissa M. Arnoldi, EVP and General Manager for Business Solutions, AT&T Inc.
    • Charlene T. Begley, Retired SVP and CIO, General Electric Company
    • Adena T. Friedman, Chair and CEO, Nasdaq
    • Essa Kazim, Governor, Dubai International Financial Centre
    • Thomas A. Kloet, Retired CEO and Executive Director, TMX Group Limited
    • Kathryn A. Koch, President and CEO, The TCW Group, Inc.
    • Holden Spaht, Managing Partner, Thoma Bravo
    • Michael R. Splinter, Retired Chairman and CEO, Applied Materials, Inc.
    • Johan Torgeby, President and CEO, Skandinaviska Enskilda Banken (SEB)
    • Toni Townes-Whitley, CEO, Science Applications International Corp. (SAIC)
    • Jeffery W. Yabuki, Chairman and CEO, InvestCloud; Chairman and Founding Partner, Motive Partners
    • Alfred W. Zollar, Former Executive Partner, Siris Capital Group, LLC

    The Nasdaq Board of Directors also re-elected Adena T. Friedman as Chair of the Board for a one-year term.

    In addition, Nasdaq shareholders approved the following proposals:

    • The company’s executive compensation on an advisory basis;
    • Ratification of the appointment of Ernst & Young LLP as Nasdaq’s independent registered public accounting firm for the fiscal year ending December 31, 2025; and
    • An amendment to Nasdaq’s Amended and Restated Certificate of Incorporation to allow for the limited exculpation of officers of Nasdaq.

    For additional information on Nasdaq’s corporate governance, please visit: https://ir.nasdaq.com/corporate-governance/nasdaq-inc/board-of-directors.

    About Nasdaq:

    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

    Nasdaq Media Contact:

    Nick Jannuzzi
    +1.973.760.1741
    Nicholas.Jannuzzi@Nasdaq.com

    Investor Relations Contact:

    Ato Garrett
    +1.212.401.8737
    Ato.Garrett@Nasdaq.com

    -NDAQF-

    The MIL Network –

  • MIL-OSI: Nasdaq Announces Results from 2025 Annual Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    All 12 Nominated Directors Elected

    Nasdaq Board Re-elects Adena T. Friedman as Chair of the Board

    NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: NDAQ) shareholders elected all nominated directors at the company’s Annual Meeting of Shareholders on Wednesday, June 11, 2025. All directors will serve one-year terms. The elected board members are:

    • Melissa M. Arnoldi, EVP and General Manager for Business Solutions, AT&T Inc.
    • Charlene T. Begley, Retired SVP and CIO, General Electric Company
    • Adena T. Friedman, Chair and CEO, Nasdaq
    • Essa Kazim, Governor, Dubai International Financial Centre
    • Thomas A. Kloet, Retired CEO and Executive Director, TMX Group Limited
    • Kathryn A. Koch, President and CEO, The TCW Group, Inc.
    • Holden Spaht, Managing Partner, Thoma Bravo
    • Michael R. Splinter, Retired Chairman and CEO, Applied Materials, Inc.
    • Johan Torgeby, President and CEO, Skandinaviska Enskilda Banken (SEB)
    • Toni Townes-Whitley, CEO, Science Applications International Corp. (SAIC)
    • Jeffery W. Yabuki, Chairman and CEO, InvestCloud; Chairman and Founding Partner, Motive Partners
    • Alfred W. Zollar, Former Executive Partner, Siris Capital Group, LLC

    The Nasdaq Board of Directors also re-elected Adena T. Friedman as Chair of the Board for a one-year term.

    In addition, Nasdaq shareholders approved the following proposals:

    • The company’s executive compensation on an advisory basis;
    • Ratification of the appointment of Ernst & Young LLP as Nasdaq’s independent registered public accounting firm for the fiscal year ending December 31, 2025; and
    • An amendment to Nasdaq’s Amended and Restated Certificate of Incorporation to allow for the limited exculpation of officers of Nasdaq.

    For additional information on Nasdaq’s corporate governance, please visit: https://ir.nasdaq.com/corporate-governance/nasdaq-inc/board-of-directors.

    About Nasdaq:

    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

    Nasdaq Media Contact:

    Nick Jannuzzi
    +1.973.760.1741
    Nicholas.Jannuzzi@Nasdaq.com

    Investor Relations Contact:

    Ato Garrett
    +1.212.401.8737
    Ato.Garrett@Nasdaq.com

    -NDAQF-

    The MIL Network –

  • MIL-OSI: Dime Continues to Execute on Growth Plan with the Hire of Shawn Gines

    Source: GlobeNewswire (MIL-OSI)

    HAUPPAUGE, N.Y., June 16, 2025 (GLOBE NEWSWIRE) — As part of the continued execution of its growth plan, Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced today that Shawn Gines will join Dime as Executive Vice President, Corporate and Specialty Finance.

    Mr. Gines will play an integral role in the continued buildout and diversification of Dime’s commercial lending businesses, including growing Dime’s presence with corporate clients and private equity firms, overseeing the recently launched Fund Finance vertical, and building out other specialty verticals which over time will further diversify Dime’s balance sheet.

    Stuart H. Lubow, President and Chief Executive Officer of Dime, said, “We are excited to announce the hiring of Shawn, who will be one of the cornerstones of our growth plans in the years ahead. Shawn is a very well-known and well-regarded banker with a strong track record. Dime continues to be the bank of choice for talented bankers.”

    “Shawn’s diverse experience in the geographies and asset classes we’re building out will significantly accelerate our execution,” said Tom Geisel, Dime’s Senior Executive Vice President of Commercial Lending.

    Gines, who will be based in Manhattan, was most recently Regional President for the NYC and New Jersey Metro Markets for Webster Bank. Previously, he was Senior Managing Director and led a Middle Market Commercial group at Sterling National Bank. Early in his career, Mr. Gines was employed at GE Capital and Bank of America where he held various roles with increasing responsibility.

    ABOUT DIME COMMUNITY BANCSHARES, INC.

    Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and the number one deposit market share among community banks on Greater Long Island (1).

    Dime Community Bancshares, Inc.
    Investor Relations Contact:
    Avinash Reddy
    Senior Executive Vice President – Chief Financial Officer
    Phone: 718-782-6200; Ext. 5909
    Email: avinash.reddy@dime.com

     ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets.

    The MIL Network –

  • MIL-OSI: Reliance Global Submits Request for Withdrawal of Form S-1 Registration Statement

    Source: GlobeNewswire (MIL-OSI)

    LAKEWOOD, N.J., June 16, 2025 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: RELI) (“we,” “us,” “our” or the “Company”), today announced that it has filed a request for withdrawal with the Securities and Exchange Commission (the “SEC”) of the Company’s Registration Statement on Form S-1 (No. 333-284218), originally filed January 10, 2025 (as amended, the “Registration Statement”), as the Company no longer intends to pursue a public offering under the Registration Statement at this time. The Registration Statement has not been declared effective by the SEC, and no securities have been sold in connection with the offering described in the Registration Statement.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Company’s common stock or any securities, and there shall not be any offer, solicitation or sale of securities mentioned in the press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of such any state or jurisdiction.

    About Reliance Global Group, Inc.

    Reliance Global Group, Inc. (NASDAQ: RELI) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance.  In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products. Further information about the Company can be found at https://www.relianceglobalgroup.com.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” and similar expressions. Forward-looking statements in this press release include, but are not limited to, statements regarding:

    • Our future financial condition and operating results;
    • Our plans, objectives, expectations and intentions with respect to future operations, products and services;
    • Our ability to execute the planned withdrawal of the Registration Statement on Form S-1;
    • The development and growth of our RELI Exchange and 5minuteinsure.com platforms;
    • The expansion and performance of our portfolio of retail “brick-and-mortar” insurance agencies;
    • Our ability to maintain compliance with Nasdaq’s continued listing requirements; and
    • Other statements identified by the words noted above;

    These forward-looking statements are based on a number of assumptions, including the assumptions that: we will complete the withdrawal process without unexpected delay; our AI-driven underwriting and cloud-based systems will perform as anticipated; demand for our InsurTech solutions will continue to grow; we will remain in compliance with applicable insurance regulations and Nasdaq listing rules; and there will be no material adverse changes in our relationships with agency partners or service providers. There can be no assurance that these assumptions will prove correct. There are numerous risks and uncertainties that may cause actual results or performance to differ materially from those expressed in these forward-looking statements. These include, among others: delays or failure to complete the withdrawal; inability to execute our growth plans for RELI Exchange or 5minuteinsure.com; competitive and regulatory challenges faced by our retail agency operations; fluctuations in our stock price or failure to maintain Nasdaq compliance; and the other factors described in the “Risk Factors” section of our Registration Statement and in other reports we file with the Securities and Exchange Commission. The foregoing list of factors is not exhaustive. You should carefully review our Annual Report on Form 10-K for the year ended December 31, 2024, as amended, and the other reports we have filed or will file with the SEC for a more complete discussion of risks and uncertainties. Except as required by law, Reliance Global Group, Inc. disclaims any obligation to update or revise any forward-looking statements, which speak only as of the date of this press release.

    Contact:

    Crescendo Communications, LLC
    Tel: +1 (212) 671-1020
    Email: RELI@crescendo-ir.com

    The MIL Network –

  • MIL-Evening Report: Ice Age shelter high up in the Blue Mountains reveals Aboriginal heritage from 20,000 years ago

    Source: The Conversation (Au and NZ) – By Erin Wilkins, Aboriginal Cultural Educator, Trainer and Facilitator, Indigenous Knowledge

    Artist’s impression of Dargan Shelter as it would have looked during the last Ice Age. Painting by Leanne Watson Redpath

    Travel back 20,000 years into the last Ice Age, to a time when the upper reaches of the Blue Mountains were treeless and the ridgelines and mountain peaks laden in snow and ice.

    At an elevation of 1,073 metres, you will find Dargan Shelter, an ancient rock shelter resembling a large amphitheatre. Looking around, you could easily assume this cold and barren high country was too difficult for people to spend time in.

    But our new research, published today in Nature Human Behaviour, indicates Dargan Shelter was occupied as early as the last Ice Age and repeatedly visited during this cold period.

    Our excavation results provide the earliest known evidence of high-altitude occupation in Australia, establishing the Blue Mountains as Australia’s most archaeologically significant periglacial landscape – that is, an area which goes through seasonal freezing and thawing.

    Cultural perspectives

    This is a highly significant landscape concentrated with tangible and intangible cultural values for Aboriginal people.

    For millennia, Aboriginal people have passed down the knowledge and stories of Country.

    Knowing our Ancestors have lived here, in this Country, for thousands of years was on our minds as the team headed down into the site where we would sit alongside our Ancestors of yesterday.

    We chose this site because of its location on a known Aboriginal travelling route, high elevation and its potential to hold deep deposits.

    Archaeologically, a deep and undisturbed deposit is one of the most important things to look for. The sediment buildup over time preserves cultural material, and allows us to reconstruct past activities by associating cultural objects within distinct layers or bands of time.

    Members of the season 3 team at Dargan Shelter. Back to front, left to right: Tyrone Pal, Rodney Lawson, Wayne Brennan, Duncan Wright, Eitan Harris, Juliet Schofield, Michael Spate, Wayne Logue, Lauren Roach, Rebecca Chalker, Dominic Wilkins, Phil Piper, Amy Way, Imogen Williams.
    Amy Way

    When we enter the site, we pay respects to the Country and Ancestors before us. As part of the opening of the site for the archaeological works, a lyrebird song and dance were performed and, magically, a handful of lyrebirds began approaching the cave and singing out as if they were communicating between the current and old worlds through song.

    We do not know who exactly the Aboriginal people who moved through the Blue Mountains in the deep past were, nor where they came from. But Dargan Shelter was probably an important stopover point for people to attend gatherings and ceremonies that could have included people from the western interior, the Cumberland coastal plains, and Country to the north and south.

    Finds from the Dargan Shelter excavation

    New evidence provides definitive proof of repeated occupation in this once frozen high-altitude landscape. It is now believed to be the oldest occupied site in Australia at high elevation.

    We unearthed 693 stone artefacts, including 117 flakes from stratigraphic layers older than 16,000 years, and documented a small amount of faded rock art, including a child-sized hand stencil and two forearm stencils.

    Charcoal from hearths (campfires) underwent radiocarbon dating, indicating Dargan Shelter had been continuously occupied since 22,000 to 19,000 years ago.

    Stone artefacts excavated at Dargan shelter dating to the last ice-age, showing the range of non-quartz raw material used during that time. (A) hornfels; (B) black quartzite hammerstone from the Hunter region; (C) exotic coarse grained unidentified siliceous stone possibly from Jenolan; (D) Local Burragorang claystone; (E) exotic fine grained siliceous stone possibly from Jenolan;
    Amy Way

    Among the findings, most of the stone tools were locally sourced and made. But, very interestingly some stones from the Jenolan Caves area, approximately 50 kilometres to the south-west, and the Hunter Valley region, 150 km to the north, were also found. This indicates people were travelling into this mountainous region from both the north and south.

    We found a sandstone grinding slab, dated to 13,000 years ago, consistent with shaping bone or wooden artefacts such as needles, awls, bone points and nose points. A basalt anvil with impact marks consistent with cracking hard woody nuts and seed shells was dated to 8,800 years ago.

    Greater Blue Mountains and world heritage

    The Blue Mountains was listed as a UNESCO (United Nations Educational, Scientific and Cultural Organization) World Heritage area in 2000 for its outstanding biodiversity values.

    Although the cultural heritage is remarkably intact and connected with an environmental system and natural features, the parallel nomination for cultural values listing failed due to a paucity of archaeological and cultural heritage information.

    Our new research should be considered in a nomination for the UNESCO World Heritage area to also encompass cultural heritage alongside biodiversity.

    The Blue Mountains landscape shrouds a silent yet rich tapestry of Aboriginal heritage.

    Our people have walked, lived and thrived in the Blue Mountains for thousands of years. The mountains are a tangible connection to our Ancestors who used them as a meeting place for sharing, storytelling and survival. They are a part of our cultural identity.

    We need to respect and protect our heritage for the benefit of all Australians.

    Archaeological works in progress: Imogen Williams, Rebecca Chalker and Tyrone Pal excavating the Ice Age layers.
    Amy Way

    Our results align Australia for the first time with ice age data from the world’s other inhabited continents, including sites in other places not traditionally thought of as cold climates, such as Mexico and Spain.

    We now have a truly global story of people entering and living in high-altitude landscapes during the last ice age.

    The continuation of research projects like this one, and the invaluable evidence it provides across the region, will allow Aboriginal people with connections to the Blue Mountains to begin to stitch back together much of the history and many of the stories that until now have had gaps.

    The more we discover and piece together the movements, ceremonies and stories, the stronger we are as a community.

    Amy Mosig Way receives funding from the Australian Museum Foundation and is a Senior Lecturer at the University of Sydney.

    Erin Wilkins, Leanne Watson, and Wayne Brennan do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Ice Age shelter high up in the Blue Mountains reveals Aboriginal heritage from 20,000 years ago – https://theconversation.com/ice-age-shelter-high-up-in-the-blue-mountains-reveals-aboriginal-heritage-from-20-000-years-ago-247358

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Ice Age shelter high up in the Blue Mountains reveals Aboriginal heritage from 20,000 years ago

    Source: The Conversation (Au and NZ) – By Erin Wilkins, Aboriginal Cultural Educator, Trainer and Facilitator, Indigenous Knowledge

    Artist’s impression of Dargan Shelter as it would have looked during the last Ice Age. Painting by Leanne Watson Redpath

    Travel back 20,000 years into the last Ice Age, to a time when the upper reaches of the Blue Mountains were treeless and the ridgelines and mountain peaks laden in snow and ice.

    At an elevation of 1,073 metres, you will find Dargan Shelter, an ancient rock shelter resembling a large amphitheatre. Looking around, you could easily assume this cold and barren high country was too difficult for people to spend time in.

    But our new research, published today in Nature Human Behaviour, indicates Dargan Shelter was occupied as early as the last Ice Age and repeatedly visited during this cold period.

    Our excavation results provide the earliest known evidence of high-altitude occupation in Australia, establishing the Blue Mountains as Australia’s most archaeologically significant periglacial landscape – that is, an area which goes through seasonal freezing and thawing.

    Cultural perspectives

    This is a highly significant landscape concentrated with tangible and intangible cultural values for Aboriginal people.

    For millennia, Aboriginal people have passed down the knowledge and stories of Country.

    Knowing our Ancestors have lived here, in this Country, for thousands of years was on our minds as the team headed down into the site where we would sit alongside our Ancestors of yesterday.

    We chose this site because of its location on a known Aboriginal travelling route, high elevation and its potential to hold deep deposits.

    Archaeologically, a deep and undisturbed deposit is one of the most important things to look for. The sediment buildup over time preserves cultural material, and allows us to reconstruct past activities by associating cultural objects within distinct layers or bands of time.

    Members of the season 3 team at Dargan Shelter. Back to front, left to right: Tyrone Pal, Rodney Lawson, Wayne Brennan, Duncan Wright, Eitan Harris, Juliet Schofield, Michael Spate, Wayne Logue, Lauren Roach, Rebecca Chalker, Dominic Wilkins, Phil Piper, Amy Way, Imogen Williams.
    Amy Way

    When we enter the site, we pay respects to the Country and Ancestors before us. As part of the opening of the site for the archaeological works, a lyrebird song and dance were performed and, magically, a handful of lyrebirds began approaching the cave and singing out as if they were communicating between the current and old worlds through song.

    We do not know who exactly the Aboriginal people who moved through the Blue Mountains in the deep past were, nor where they came from. But Dargan Shelter was probably an important stopover point for people to attend gatherings and ceremonies that could have included people from the western interior, the Cumberland coastal plains, and Country to the north and south.

    Finds from the Dargan Shelter excavation

    New evidence provides definitive proof of repeated occupation in this once frozen high-altitude landscape. It is now believed to be the oldest occupied site in Australia at high elevation.

    We unearthed 693 stone artefacts, including 117 flakes from stratigraphic layers older than 16,000 years, and documented a small amount of faded rock art, including a child-sized hand stencil and two forearm stencils.

    Charcoal from hearths (campfires) underwent radiocarbon dating, indicating Dargan Shelter had been continuously occupied since 22,000 to 19,000 years ago.

    Stone artefacts excavated at Dargan shelter dating to the last ice-age, showing the range of non-quartz raw material used during that time. (A) hornfels; (B) black quartzite hammerstone from the Hunter region; (C) exotic coarse grained unidentified siliceous stone possibly from Jenolan; (D) Local Burragorang claystone; (E) exotic fine grained siliceous stone possibly from Jenolan;
    Amy Way

    Among the findings, most of the stone tools were locally sourced and made. But, very interestingly some stones from the Jenolan Caves area, approximately 50 kilometres to the south-west, and the Hunter Valley region, 150 km to the north, were also found. This indicates people were travelling into this mountainous region from both the north and south.

    We found a sandstone grinding slab, dated to 13,000 years ago, consistent with shaping bone or wooden artefacts such as needles, awls, bone points and nose points. A basalt anvil with impact marks consistent with cracking hard woody nuts and seed shells was dated to 8,800 years ago.

    Greater Blue Mountains and world heritage

    The Blue Mountains was listed as a UNESCO (United Nations Educational, Scientific and Cultural Organization) World Heritage area in 2000 for its outstanding biodiversity values.

    Although the cultural heritage is remarkably intact and connected with an environmental system and natural features, the parallel nomination for cultural values listing failed due to a paucity of archaeological and cultural heritage information.

    Our new research should be considered in a nomination for the UNESCO World Heritage area to also encompass cultural heritage alongside biodiversity.

    The Blue Mountains landscape shrouds a silent yet rich tapestry of Aboriginal heritage.

    Our people have walked, lived and thrived in the Blue Mountains for thousands of years. The mountains are a tangible connection to our Ancestors who used them as a meeting place for sharing, storytelling and survival. They are a part of our cultural identity.

    We need to respect and protect our heritage for the benefit of all Australians.

    Archaeological works in progress: Imogen Williams, Rebecca Chalker and Tyrone Pal excavating the Ice Age layers.
    Amy Way

    Our results align Australia for the first time with ice age data from the world’s other inhabited continents, including sites in other places not traditionally thought of as cold climates, such as Mexico and Spain.

    We now have a truly global story of people entering and living in high-altitude landscapes during the last ice age.

    The continuation of research projects like this one, and the invaluable evidence it provides across the region, will allow Aboriginal people with connections to the Blue Mountains to begin to stitch back together much of the history and many of the stories that until now have had gaps.

    The more we discover and piece together the movements, ceremonies and stories, the stronger we are as a community.

    Amy Mosig Way receives funding from the Australian Museum Foundation and is a Senior Lecturer at the University of Sydney.

    Erin Wilkins, Leanne Watson, and Wayne Brennan do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Ice Age shelter high up in the Blue Mountains reveals Aboriginal heritage from 20,000 years ago – https://theconversation.com/ice-age-shelter-high-up-in-the-blue-mountains-reveals-aboriginal-heritage-from-20-000-years-ago-247358

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Some students learning English can take at least 6 years to catch up to their peers. How can we support them better?

    Source: The Conversation (Au and NZ) – By Lucy Lu, Adjunct Senior Lecturer, Faculty of Education and Social Work, University of Sydney

    Rawpixel/ Getty Images

    About one quarter of Australian school students are learning English as an additional language or dialect.

    This means their first language or dialect is something other than English and they need extra support to develop proficiency in what we call standard Australian English.

    This group of students includes immigrants and refugees from non-English speaking countries, children of migrant heritage where English is not spoken at home and Aboriginal and Torres Strait Islander students.

    But the level and duration of support they receive varies across schools. This is an issue because these students risk underachieving or being labelled as having learning difficulties without adequate help.

    Until now, little was known about how long these students take to learn English.

    Our new research published today by the Australian Education Research Organisation, found it can take many years for students to develop the English language skills they need. This suggests students need ongoing and targeted support to learn English as an additional language.

    Our study

    We looked at more than 110,000 primary and high school students in New South Wales public schools over a nine-year period.

    The students were learning English as an additional language from 2014 to 2022. Our research used two methods.

    First, we analysed how long it took these students to achieve the same scores in their NAPLAN reading and writing tests as their English-speaking peers with the same background characteristics. That is, students were matched for characteristics such as gender, student socio-educational advantage and school location.

    Second, we analysed how long it took students learning English as an additional language to reach certain phases of language proficiency. There is a national learning progression resource for schools supporting students learning English as an additional language. It has four phases: beginning, emerging, developing and consolidating.


    Source: The EAL/D Learning Progression: Foundation to Year 10, ACARA, 2015., CC BY

    It can take many years to learn English

    Combining both methods, we found students need considerable time to learn English as an additional language.

    For students who were assessed as “beginning” when they started school, it takes an average of six years to reach the final “consolidating” phase.

    This means those students starting in kindergarten (the first year of school in NSW) are likely to need English language support throughout primary school.

    For “beginning” students who start in later years, they may need continued English language support in high school.

    Students who started school at the “emerging” and “developing” phases take, on average, four and three years, respectively to have English skills on par with their peers.

    Learning English takes longer as you go along

    We also found as students learned English, each phase in their progression took longer to achieve than the one before:

    • the average time from beginning to emerging was one year and one month

    • from emerging to developing was one year and eight months

    • from developing to consolidating was two years and seven months.

    What can impact learning?

    But learning English is complex and can be impacted by many factors.

    We found students with socio-educational disadvantage progressed 22% slower than advantaged students, students with refugee experiences progressed 14% slower than those without. Male students took 6% longer than their female peers.

    We also found students starting school in kindergarten progressed about 9% slower, compared to starting school in Australia in later primary year levels.

    But we found students who started school already at the final, “consolidating” phase of English outperformed monolingual peers in NAPLAN. This suggests these students, who are arguably bilingual, were at an educational advantage.

    Average NAPLAN reading performance of students learning English as an additional language and their matched peers.
    Source: NSW Department of Education National Assessment Program – Literacy and Numeracy 2014 to 2022, CC BY

    Targeted support is needed

    Our findings have a number of implications.

    Firstly, they help us understand the nature and length of support needed for students learning English students in schools.

    Secondly, they highlight the importance of ongoing, targeted support for students.

    This also suggests we need to make effective professional support available for teachers working with students who are learning English as an additional language.

    The academic advantage of bilingual students also points to a need to encourage and support students using and developing their first and other languages, alongside English.

    Lucy Lu is the Senior Manager, Analytics and Strategic Projects in the Australian Education Research Organisation (AERO). AERO is jointly funded by the Commonwealth, state and territory governments.

    Jennifer Hammond has previously received funding from the Australian Research Council and the NSW Department of Education. All projects funded from these sources were completed more than six years ago.

    – ref. Some students learning English can take at least 6 years to catch up to their peers. How can we support them better? – https://theconversation.com/some-students-learning-english-can-take-at-least-6-years-to-catch-up-to-their-peers-how-can-we-support-them-better-258819

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Some students learning English can take at least 6 years to catch up to their peers. How can we support them better?

    Source: The Conversation (Au and NZ) – By Lucy Lu, Adjunct Senior Lecturer, Faculty of Education and Social Work, University of Sydney

    Rawpixel/ Getty Images

    About one quarter of Australian school students are learning English as an additional language or dialect.

    This means their first language or dialect is something other than English and they need extra support to develop proficiency in what we call standard Australian English.

    This group of students includes immigrants and refugees from non-English speaking countries, children of migrant heritage where English is not spoken at home and Aboriginal and Torres Strait Islander students.

    But the level and duration of support they receive varies across schools. This is an issue because these students risk underachieving or being labelled as having learning difficulties without adequate help.

    Until now, little was known about how long these students take to learn English.

    Our new research published today by the Australian Education Research Organisation, found it can take many years for students to develop the English language skills they need. This suggests students need ongoing and targeted support to learn English as an additional language.

    Our study

    We looked at more than 110,000 primary and high school students in New South Wales public schools over a nine-year period.

    The students were learning English as an additional language from 2014 to 2022. Our research used two methods.

    First, we analysed how long it took these students to achieve the same scores in their NAPLAN reading and writing tests as their English-speaking peers with the same background characteristics. That is, students were matched for characteristics such as gender, student socio-educational advantage and school location.

    Second, we analysed how long it took students learning English as an additional language to reach certain phases of language proficiency. There is a national learning progression resource for schools supporting students learning English as an additional language. It has four phases: beginning, emerging, developing and consolidating.


    Source: The EAL/D Learning Progression: Foundation to Year 10, ACARA, 2015., CC BY

    It can take many years to learn English

    Combining both methods, we found students need considerable time to learn English as an additional language.

    For students who were assessed as “beginning” when they started school, it takes an average of six years to reach the final “consolidating” phase.

    This means those students starting in kindergarten (the first year of school in NSW) are likely to need English language support throughout primary school.

    For “beginning” students who start in later years, they may need continued English language support in high school.

    Students who started school at the “emerging” and “developing” phases take, on average, four and three years, respectively to have English skills on par with their peers.

    Learning English takes longer as you go along

    We also found as students learned English, each phase in their progression took longer to achieve than the one before:

    • the average time from beginning to emerging was one year and one month

    • from emerging to developing was one year and eight months

    • from developing to consolidating was two years and seven months.

    What can impact learning?

    But learning English is complex and can be impacted by many factors.

    We found students with socio-educational disadvantage progressed 22% slower than advantaged students, students with refugee experiences progressed 14% slower than those without. Male students took 6% longer than their female peers.

    We also found students starting school in kindergarten progressed about 9% slower, compared to starting school in Australia in later primary year levels.

    But we found students who started school already at the final, “consolidating” phase of English outperformed monolingual peers in NAPLAN. This suggests these students, who are arguably bilingual, were at an educational advantage.

    Average NAPLAN reading performance of students learning English as an additional language and their matched peers.
    Source: NSW Department of Education National Assessment Program – Literacy and Numeracy 2014 to 2022, CC BY

    Targeted support is needed

    Our findings have a number of implications.

    Firstly, they help us understand the nature and length of support needed for students learning English students in schools.

    Secondly, they highlight the importance of ongoing, targeted support for students.

    This also suggests we need to make effective professional support available for teachers working with students who are learning English as an additional language.

    The academic advantage of bilingual students also points to a need to encourage and support students using and developing their first and other languages, alongside English.

    Lucy Lu is the Senior Manager, Analytics and Strategic Projects in the Australian Education Research Organisation (AERO). AERO is jointly funded by the Commonwealth, state and territory governments.

    Jennifer Hammond has previously received funding from the Australian Research Council and the NSW Department of Education. All projects funded from these sources were completed more than six years ago.

    – ref. Some students learning English can take at least 6 years to catch up to their peers. How can we support them better? – https://theconversation.com/some-students-learning-english-can-take-at-least-6-years-to-catch-up-to-their-peers-how-can-we-support-them-better-258819

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: A weird group of boronias puzzled botanists for decades. Now we’ve solved the pollination mystery

    Source: The Conversation (Au and NZ) – By Douglas Hilton, Chief Executive, CSIRO

    Andy Young

    Boronias, known for their showy flowers and strong scent, are a quintessential part of the Australian bush. They led Traditional Owners to the best water sources and inspired Australian children’s author and illustrator May Gibbs to pen one of her earliest books, Boronia Babies.

    But a weird group of boronias has puzzled botanists for decades. They have closed flowers that thwart most insect visitors. Those that do gain entry may encounter alternating sterile and fertile anthers (the male part that produces pollen) and sometimes, an enlarged stigma (the female part that receives pollen).

    Since the early 1960s, scientists speculated this group of boronias relied on an “unusual agent for effective pollination”. Moths were occasionally mentioned in the botanical literature as potential pollinators, but the full story remained elusive – until now.

    As my colleagues and I detail in our new research, moths are indeed the mystery pollinators of this strange group of flowers. This knowledge is crucial to ensuring their long-term survival.

    May Gibbs pictured a Boronia Baby hiding inside a Boronia megastigma flower.
    2025 © The Northcott Society and the Cerebral Palsy Alliance.

    Sweeping plants, far and wide

    My interest in the boronia pollinators began 15 years ago. I was studying a family of moths in my spare time, with a group of friends.

    These moths, called Heliozelidae, are tiny. Their wings are just a few millimetres long, smaller than a grain of rice.

    They fly during the day and are seldom attracted to lights, so they are poorly represented in museum collections. The best way to find them is to sweep plants with a butterfly net then look inside it.

    The author searching for moths in Western Australia.
    Douglas Hilton

    After sweeping plants all over Australia, we discovered this country is a hotspot for Heliozelidae. Hundreds – if not thousands – of these species are new to science and yet to be described. In comparison, only 90 species of Heliozelidae have been described from the rest of the world.

    We consistently found one group of 15 moth species on the boronias with the weird flowers in the biodiversity hotspot of Western Australia’s South West. Each moth species was found only on a specific boronia species.

    When we took a closer look, we found each of the 15 Heliozelidae has an intricate structure at the tip of its abdomen that collects pollen. There’s nothing else quite like this in the 150,000 known species of moths and butterflies. At last, the mystery of the boronia pollinators was solved.

    Pollen-collecting structure, replete with pollen, on the dorsal tip of the abdomen of the moth that pollinates Boronia crenulata.
    Dr Qike Wang

    The process of pollinating boronias

    In spring, female moths lay many eggs inside flowers. While moving about inside the flower, she collects pollen in the little structure on her abdomen. She enters and exits multiple flowers, pollinating as she goes.

    When the eggs hatch, the caterpillars eat some of the flowers’ developing seeds. When they are fully grown, they leave the flower and burrow into the soil to pupate in a cocoon. When they emerge in spring as moths, the flowers are blooming again and the life cycle repeats.

    For some species, such as brown boronia, the moths may be the only visitor the flowers ever receive. This suggests the moth and the plant have a reciprocal relationship, depending on each other for reproduction and ultimately, survival.

    This is unusual in nature. The poster-child for this type of relationship is the figs and fig wasps.

    Tiny metallic day-flying moths are the boronia pollinators.
    Andy Young

    What’s in a name?

    When a scientist discovers and officially describes a new species in the academic literature, they have to name it. Scientific names have two parts. The first part is the genus or group of closely related species and the second identifies the individual species.

    We built a family tree which included the new pollinating moths using their DNA sequences. We showed the pollinators belong to the genus Prophylactis meaning “to guard before”, which previously contained four non-pollinating species. This gives us the first part of the name.

    For the second part, we used the name of the plant each moth pollinates and added the suffix -allax, meaning “alternately” or “in exchange”. This shows their close relationship to the plant.

    So, the moth that pollinates Boronia megastigma is called Prophylactis megastigmallax. The moth that pollinates the endangered Boronia clavata is Prophylactis clavatallax – and so on.

    Much to learn

    The pollinating moths are more closely related to each other than to other species in the Prophylactis genus. This suggests they inherited their pollen-collecting structure from a long-gone common ancestor.

    As with all good science, this research leads to new questions. For example, we are now studying which moth-plant pairs fully depend on each other.

    Other Australian plant species may also have intimate relationships with moths.
    Current field work is exploring which of Australia’s 486 plant species in the citrus-family (Rutaceae) are linked to moths and how often moths have evolved to pollinate them.

    Bush secrets brought to life

    Our research shows just how much of Australia’s biodiversity is yet to be understood and protected.

    As climate change and land-clearing drive biodiversity loss at an unprecedented rate, this is a challenge we must tackle with renewed urgency. Otherwise our children and grandchildren may only experience the full glory of Gibb’s characters on a page, and not in the natural world.

    Boronia Babies on Boronia megastigma
    2025 © The Northcott Society and the Cerebral Palsy Alliance.

    Douglas Hilton works for CSIRO. The work highlighted in this article received funding from The Hermon Slade Foundation, which supports high quality biological research by scientists in Australian universities and research institutes. The research was made possible through a group of generous collaborators and co-authors including Andy Young, Liz Milla, Mengjie Jin, Stephen Wilcox, Qike Wang, Verena Wimmer, Jinny Chang, Henning Kallies, Andie Hall, Marina Watowich, Carly Busch, Jordan Wilcox, Aileen Swarbrick, Marlene Walter, Don Sands, Davina Paterson, David Lees, Marco Duretto, Adnan Moussalli, Mike Halsey and Axel Kallies.

    – ref. A weird group of boronias puzzled botanists for decades. Now we’ve solved the pollination mystery – https://theconversation.com/a-weird-group-of-boronias-puzzled-botanists-for-decades-now-weve-solved-the-pollination-mystery-258393

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: When new dads struggle, their kids’ health can suffer. Tackling mental distress early can help

    Source: The Conversation (Au and NZ) – By Delyse Hutchinson, Associate Professor, Clinical Psychologist, and NHMRC Leadership Fellow, SEED Centre for Lifespan Research, School of Psychology, Deakin University

    D-BASE/Getty

    In Australia, an estimated one in ten men experience mental health issues such as anxiety and depression before and after their child is born (the perinatal period).

    Alongside emotional ups and downs and exhaustion, new dads may also be facing greater practical demands, such as caring for the baby, supporting their partner, and providing financially.

    It’s not surprising, then, that becoming a dad may be linked to increased psychological distress. But it’s concerning because many men don’t access help. There’s also growing evidence a father’s mental state may affect his developing child in the short and long term.

    Our new review brings together the international evidence about the relationship between fathers’ mental health and children’s development for the first time.

    We found consistent associations between dads’ psychological distress before and after birth and poorer outcomes in children’s social, emotional, cognitive, language and physical development, from birth until the early teens.

    The good news? There are effective ways to intervene early.

    Barriers to getting help

    There are complex reasons why new fathers might not access help for mental distress.

    Notably, a 2024 review of Australian and international research found fathers are not routinely asked in health-care settings about their wellbeing at any point before the birth of a child, or after – when support is often most needed.

    Men may also feel they need to be strong and push past tough emotions to “get on” with looking after the family.

    They may be reluctant to acknowledge their own difficulties, and instead avoid the issue, through strategies such as working excessively, or using alcohol or other drugs.

    Working hours can also make accessing services difficult.

    As a result, men may have trouble recognising mental distress and it may go undetected by the people around them and in the wider health-care system.

    We don’t know the true impact

    Research on early risk factors for poorer child development is around 17 times more likely to focus on mothers’ health and lifestyle, compared to fathers.

    This focus is understandable, given up to one in five women experience perinatal anxiety or depression in the transition to motherhood.

    Strong evidence links mothers’ mental distress to poorer child outcomes. For example, mothers experiencing perinatal anxiety or depression may withdraw and find it difficult to interact with their child. This may be linked to delays in children’s developing social and emotional skills.

    Yet similar research on fathers has been lacking.

    This imbalance affects health policy and clinical practice, leaving many fathers feeling excluded from family health care. The impact on their children has also been poorly understood.

    What we looked at

    Our new research aimed to understand how men’s mental health before and after birth is related to their child’s development, from birth through adolescence.

    We looked at the findings from 84 longitudinal studies which track people over long periods of time, including from Australia, Europe, Asia and North America.

    The review included any study that measured an association between perinatal depression, anxiety or stress in fathers (biological or adoptive) and child development. These included social and emotional skills, thinking and problem-solving, language, physical development and motor skills.

    Our study had three main findings

    First, mental distress in fathers during pregnancy and after birth was consistently linked to poorer development in their children.

    Specifically, this included lower ratings on social, emotional, cognitive, and language skills, such as the capacity to interact with others, understand feelings, process information and communicate. It also affected physical health outcomes, such as body weight, sleep and eating patterns.

    Second, associations were evident from early development (infancy) through to the early teens (13 years). This suggests that, without support, a father’s perinatal mental distress may be related to child development well beyond infancy.

    Third, fathers’ mental distress after birth was more strongly related to how children developed than their mental distress during pregnancy.

    This is not surprising, because it’s when fathers begin to interact with infants and may more directly influence their development.

    So, what should change?

    Our findings underscore that getting in early to support dads – both before and soon after the arrival of a new child – is crucial.

    Routine screening for signs of mental distress is effective in identifying mothers who might benefit from help. This could be extended to all parents, through family planning, antenatal and postpartum clinics, and GP check-ups.

    Research shows 80% of men see a GP or allied health practitioner in the year before having a baby. Asking about other aspects of wellbeing – such as sleep quality – can be an effective and non-stigmatising way to ease into conversations about mental health.

    This can help connect men with support services earlier, to improve their health and their children’s.

    What should men look out for?

    Studies suggest men may often express their distress through relationship strain, rather than sadness. They may also report self-harm, suicidal ideation and feeling isolated.

    Common signs a new dad might be struggling with mental health include:

    • fatigue
    • sleep problems
    • difficulty concentrating
    • racing heart
    • sweating
    • muscle tension
    • changes in appetite
    • feeling worried or out of control
    • irritability
    • anger
    • increased use of alcohol or other drugs.

    Is there support?

    Options for men who want more support include counselling, peer group support and online apps that use mindfulness and cognitive behaviour therapy to help manage moods.

    For fathers needing more immediate support, crisis support services offer 24/7 live counselling via chat, telephone or video:

    If this article has raised issues for you, or if you’re concerned about someone you know, call Lifeline on 13 11 14. In an emergency in Australia, call triple 0.

    Delyse Hutchinson receives funding from the National Health and Medical Research Council (NHMRC).

    Jacqui Macdonald receives funding from the National Health and Medical Research Council’s Medical Research Future Fund and the Australian Research Council. She convenes the Australian Fatherhood Research Consortium and she is on the Movember Global Men’s Health Advisory Committee.

    Samantha Teague receives funding from the National Health and Medical Research Council (NHMRC).

    Genevieve Le Bas and Stephanie Aarsman do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. When new dads struggle, their kids’ health can suffer. Tackling mental distress early can help – https://theconversation.com/when-new-dads-struggle-their-kids-health-can-suffer-tackling-mental-distress-early-can-help-253024

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Ancient termite poo reveals 120 million-year-old secrets of Australia’s polar forests

    Source: The Conversation (Au and NZ) – By Alistair Evans, Professor, School of Biological Sciences, Monash University

    Witsawat.S/Shutterstock

    Imagine a lush forest with tree-ferns, their trunks capped by ribbon-like fronds. Conifers tower overhead, bearing triangular leaves almost sharp enough to pierce skin. Flowering plants are both small and rare.

    You’re standing in what is now Victoria, Australia, about 127 million years ago during the Early Cretaceous Period. Slightly to your south, a massive river – more than a kilometre wide – separates you from Tasmania. This river flows along the valley forming between Australia and Antarctica as the two continents begin to split apart.

    During the Early Cretaceous, southeastern Australia was some of the closest land to the South Pole. Here, the night lasted for three months in winter, contrasting with three months of daytime in summer. Despite this extreme day-night cycle, various kinds of dinosaurs still thrived here, as did flies, wasps and dragonflies.

    And, as our recently published research in Palaeogeography, Palaeoclimatology, Palaeoecology reveals, termites also chewed through the decaying wood of fallen trees. This is the first record of termites living in a polar region – and their presence provides key insights into what these ancient forests were like.

    Home makers, not homewreckers

    Termites might have a public reputation as homewreckers.

    But these wood-eating bugs are a key part of many environments, freeing up nutrients contained in dead plants. They are one of the best organisms at breaking down large amounts of wood, and significantly speed up the decay of fallen wood in forests.

    Ancient polar forests roughly 120 million years ago in southeastern Australia were dominated by conifer trees.
    Bob Nicholls

    The breakdown of wood by termites makes it easier for further consumption by other animals and fungi.

    Their role in ancient Victoria’s polar forests would have been just as important, as the natural decay of wood is very slow in cold conditions.

    Although the cold winters would have slowed termites too, they may have thrived during long periods of darkness, just as modern termites are more active during the night.

    The oldest termite nest in Australia

    Our new paper, led by Monash University palaeontology research associate Jonathan Edwards, reports the discovery of an ancient termite nest near the coastal town of Inverloch in southeastern Victoria. Preserved in a 80-centimetre-long piece of fossilised log, the nest tunnels carved out by termites were first spotted by local fossil-hunter extraordinaire Melissa Lowery.

    Without its discoverers knowing what it was then, the log was brought into the lab and we began investigating the origins of its structures.

    Understanding the nest was challenging at first: the tunnels exposed on the surface were filled with what looked like tiny grains of rice, each around 2 millimetres long. We suspected they were most likely the coprolites (fossilised poo) of the nest-makers. Once we took a look under the microscope we noticed something very interesting: this poo was hexagonal.

    Termite poo has a distinct hexagonal shape, as seen in these thin sections of the fossilised log we examined.
    Jonathan Edwards & William Parker

    How did this shape point to termites as the “poopetrators”?

    Modern termites have a gut with three sets of muscle bands. Just before excretion, their waste is squeezed to save as much water as possible, giving an almost perfect hexagonal shape to the pellets.

    The size, shape, distribution and quantity of coprolites meant we had just discovered the oldest termite nest in Australia – and perhaps the largest termite wood nest from dinosaur times.

    A global distribution

    We continued to investigate the nest with more specific methods.

    For example, we scanned parts of it with the Australian Synchrotron – a research facility that uses X-rays and infrared radiation to see the structure and composition of materials. This showed us what the unweathered coprolites inside the log looked like.

    MicroCT imagery of termite coprolites within the nest.
    Jonathan Edwards

    We also made very thin slices of the nest and looked at these slices with high-powered microscopes. And we analysed the chemistry of the log, which further supported our original theory of the nest’s identity.

    The oldest fossilised termites have been found in the northern hemisphere about 150 million years ago, during the Late Jurassic Period.

    What is exciting is that our trace fossils show they had reached the southernmost landmasses by 127 million years ago. This presence means they had likely spread all over Earth by this point.

    The termites weren’t alone

    Surprisingly, these termites also had smaller wood-eating companions.

    During our investigation, we also noticed coprolites more than ten times smaller than those made by termites. These pellets likely belonged to wood-eating oribatid mites – minuscule arachnids with fossils dating back almost 400 million years. Many of their tunnels ring those left by the termites, telling us they inhabited this nest after the termites abandoned it.

    CT reconstructions of termite and mite coprolites show the huge difference in size between them.
    Jonathan Edwards

    Termite tunnels may have acted as mite highways, taking them deeper into the log. Moreover, because both groups ate the toughest parts of wood, these two invertebrates might have directly competed at the time. Modern oribatid mites only eat wood affected by fungi.

    Regardless, our study documents the first known interaction of wood-nesting termites and oribatid mites in the fossil record.

    This nest also provides important support for the idea that Australia’s polar forests weren’t dominated by ice, as modern termites can’t tolerate prolonged freezing.

    This is the first record of termites living in a polar region, and their presence suggests relatively mild polar winters — something like 6°C on average. Termites would’ve been key players in these ecosystems, kickstarting wood breakdown and nutrient cycling in an otherwise slow environment.

    So maybe next time you spot a termite nest, you’ll see a builder, not a bulldozer.

    The authors would like to acknowledge the work of Jonathan Edwards who led the research and helped prepare this article.

    Alistair Evans receives funding from the Australian Research Council and Monash University, and is an Honorary Research Affiliate with Museums Victoria.

    Anthony J. Martin does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Ancient termite poo reveals 120 million-year-old secrets of Australia’s polar forests – https://theconversation.com/ancient-termite-poo-reveals-120-million-year-old-secrets-of-australias-polar-forests-258399

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Jaws at 50: a cinematic masterpiece – and an incredible piece of propaganda

    Source: The Conversation (Au and NZ) – By Colin Alexander, Senior Lecturer in Political Communications, Nottingham Trent University

    Jaws turns 50 on June 20. Last year, Quentin Tarantino called Stephen Spielberg’s film “possibly the greatest movie ever made”. Though he was quick to add that it isn’t the best film in terms of script, cinematography or acting, he was convinced that its overall quality as a movie remains unmatched.

    I’m not so sure if Jaws is the best movie ever made – but it’s certainly the movie that I like to watch the most. It is as fascinating and multilayered as it is entertaining and depressing. As a researcher of political propaganda, I believe that Jaws had political purpose.

    I have watched Jaws well over 50 times and still, with every viewing, I spot a new detail. Just last week I noticed that when police chief Brody (Roy Scheider) leaves his office after the first shark attack, he opens a gate in a white picket fence.

    The white picket fence is often used to symbolise the American dream and Brody’s actions are likely intended to symbolise the disruption to the dream’s pursuit of capitalism as he seeks to close the beaches and potentially ruin the town’s tourism season.

    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.

    The film was released in June 1975. Just in time for summer holidays spent splashing in the waves (or not!). However, despite its continued acclaim, it didn’t win any of the big Academy Awards in 1976. One Flew Over the Cuckoo’s Nest dominated that year. Composer John Williams did, however, win the Oscar for best original score, which I assume you are now humming in your head.



    Read more:
    One Flew Over The Cuckoo’s Nest: 50 years on Jack Nicholson’s greatest performance is as fresh as ever

    The film is based on the book by Peter Benchley, published a year earlier in 1974. The book’s plot is somewhat different to the film. For example, Matt Hooper – the shark specialist played by Richard Dreyfuss in the film – is eaten by the shark, possibly as an act of retribution for his sins on land. He survives in the film.

    Benchley was US president Lyndon Johnson’s (1963-1969) communications advisor before he became an author and so knew Washington’s priorities well. The film was then commissioned before the book had time to become a commercial success, which is somewhat unusual.

    The trailer for Jaws.

    The shark – powerful, mysterious, dark eyed, stalking the American people and killing without emotion – represents the threat posed by communism. The defeat of this “menace” will require the reunification of American society following its disastrous and fractious involvement in the Vietnam war and political scandals like Watergate.

    Hence, the white public sector worker (Brody), the scientist (Hooper) and the military veteran (Quint), put their differences aside to band together on a rickety and ill-equipped boat – the Orca – which was possibly meant to symbolise the wobbling US of its time.

    So while Jaws is a parable of societal repair, it is also a story of exclusively white unification amid external threats. The civil rights movement and Vietnam are inextricably linked through the service of young black men to the cause, and yet black characters are conspicuous by their absence from the book and the film. The only black presence in the book is an anonymous gardener who rapes wealthy white women.

    Human will to dominate the natural world

    In the book, the horror focuses upon human, rather than animal, behaviour. This comes in the form of political corruption, mafia influence, adultery, snobbery, racial prejudice, community disconnect and dishonest journalism. And it occurs as much on land as it does at sea. There is a large section midway through the book where the shark plays no part in the, at times, highly sexual plot.

    Spielberg removed many of the undercurrents and insinuations of the book for his adaptation. The film gives less attention to life in the town of Amity and focuses largely on the shark and the horror of its actions.

    The irony is that so many characters feel personally offended by an animal capable of instinct alone, when they as humans – capable of reason and choice – behave so badly towards each other. Indeed, the lack of an eco-centric character to defend the shark in both the book or the film is telling.

    Brody yells for people to ‘get out of the water’.

    The overwhelming horror is instead found in the treatment of the shark and the assertion that it must be killed rather than respected and left alone. Indeed, Jaws represents a parable of the modern human perception of battle against nature. Wherein Brody, Hooper and Quint, despite their differences, are united in their assumption of human superiority and their perspective that the problem ought to be dealt with using violence.

    The story of Jaws also speaks to George Orwell’s essay Shooting an Elephant from 1936. It captured the author’s dilemma while working as a police officer in colonial Burma when an elephant disrupted the regular process of capitalism by trampling through a local market.

    The philosophers Max Horkheimer and Theodor Adorno referred to the enlightenment as having created a “new barbarity” wherein humans are engaged in a project of destruction. Here then, a shark has had the audacity to behave in an inconvenient way to man’s profiteering from tourism and must be killed.

    Indeed, one of the biggest criticisms of the film, which Spielberg has subsequently acknowledged, is its inaccurate representation of shark behaviour and the extent to which the film’s success contributed to the decline of the species.

    Ultimately then, Jaws – the book, the film and the reaction of audiences to it – serves as a testimony to the role played by fear within human decision-making. The fear of “others”. Fear of the unknown. Fear of the natural world. Fear of loss of status or reputation.

    It’s a testament to the susceptibility of humans to become insular and violent when they are scared, but also to the distorting influence of propagandists in determining what they ought to be afraid of.

    This article features references to books that have been included for editorial reasons, and may contain links to bookshop.org. If you click on one of the links and go on to buy something from bookshop.org The Conversation UK may earn a commission.

    Colin Alexander does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Jaws at 50: a cinematic masterpiece – and an incredible piece of propaganda – https://theconversation.com/jaws-at-50-a-cinematic-masterpiece-and-an-incredible-piece-of-propaganda-253498

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Freehold Royalties Declares Dividend for June 2025

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, June 16, 2025 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on July 15, 2025 to shareholders of record on June 30, 2025.

    These dividends are designated as “eligible dividends” for Canadian income tax purposes.

    Freehold is uniquely positioned as a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and approximately 1.2 million gross drilling acres in the United States. Freehold’s common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU.

    The MIL Network –

  • MIL-OSI: Zeo Energy Corp. Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    NEW PORT RICHEY, Fla., June 16, 2025 (GLOBE NEWSWIRE) — Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo”, “Zeo Energy”, or the “Company”), a Florida-based provider of residential solar and energy efficiency solutions, today reported financial results for the first quarter ended March 31, 2025.

    Recent Operational Highlights

    • Entered into a definitive agreement to acquire Heliogen, a provider of on-demand clean energy technology solutions, allowing the company to establish a division focused on long-duration energy generation and storage for commercial and industrial-scale facilities, including artificial intelligence (AI) and cloud computing data centers.
    • Recruited and retained adequate staff ahead of the peak summer sales season.

    Management Commentary
    “In the first quarter of 2025, we continued to navigate the challenging solar market and successfully generated $8.8 million of revenue,” said Zeo Energy Corp. CEO Tim Bridgewater. “As announced last month, we were able to take advantage of the softer sector conditions by entering into a definitive agreement to acquire Heliogen. We believe that this proposed acquisition positions us to expand beyond traditional residential solar and into adjacent clean energy verticals with long-term upside. This move will also enhance our balance sheet and diversify our revenue base going forward.”

    “As anticipated, in Q1 we experienced a slowdown due to the seasonality of our intensive summer sales model. This slowdown was exacerbated by the current high-interest rate environment. We’ve maintained our strategic focus during this period, streamlining operations and strengthening our sales team ahead of the critical summer season that is now underway. Looking ahead, we remain confident in our full-year outlook. We expect meaningful improvement in the latter half of the year as market activity increases.”

    First Quarter 2025 Financial Results

    Results compare the 2025 first quarter ended March 31, 2025 to the 2024 first quarter ended March 31, 2024.

    • Total revenue was $8.8 million in Q1 2025, a 56.4% decrease from $20.1 million in the comparable 2024 period. The decrease was primarily due to higher interest rates creating a challenging environment for residential solar direct sales.
    • Gross profit decreased to $3.8 million (43.0% of total revenue) in Q1 2025 from $6.0 million (29.9% of total revenue) in the comparable 2024 period. The decrease was driven in part by the decrease in sales compared to the prior period. The improvement in gross profit as a percentage of revenue was the result of improved operational efficiencies in labor and a reduction in materials costs.
    • Net loss for Q1 2025 was $13.3 million compared to $4.1 million in the comparable 2024 period. The decrease is primarily due to a decrease in overall sales for the period.
    • Adjusted EBITDA, a non-GAAP measurement of operating performance reconciled below, decreased to $(6.4) million (72.3% of total revenue) in Q1 2024 from approximately $(0.5) million (2.3% of total revenue) in the comparable 2024 period. The change was primarily related to the change in net loss.

    For more information, please visit the Zeo Energy Corp. investor relations website at investors.zeoenergy.com.

    About Zeo Energy Corp.

    Zeo Energy Corp. is a Florida-based provider of residential solar, distributed energy, and energy efficiency solutions. Zeo focuses on high-growth markets with limited competitive saturation. With its differentiated sales approach and vertically integrated offerings, Zeo, through its Sunergy Solar business unit, serves customers who desire to reduce high energy bills and contribute to a more sustainable future. For more information on Zeo Energy Corp., please visit www.zeoenergy.com.

    Non-GAAP Financial Measures

    Adjusted EBITDA
    Zeo Energy defines Adjusted EBITDA, a non-GAAP financial measure, as net income (loss) before interest and other expenses, net, income tax expense, and depreciation and amortization, as adjusted to exclude stock-based compensation. Zeo utilizes Adjusted EBITDA as an internal performance measure in the management of the Company’s operations because the Company believes the exclusion of these non-cash and non-recurring charges allows for a more relevant comparison of Zeo’s results of operations to other companies in the industry. Adjusted EBITDA should not be viewed as a substitute for net loss calculated in accordance with GAAP, and other companies may define Adjusted EBITDA differently.

    The following table provides a reconciliation of net income (loss) to Adjusted EBITDA for the periods presented:

           
      Three months Ended March 31,  
        2025       2024    
    Net income (loss)   $ (13,319,363 )     $ (4,107,102 )  
    Adjustment:                
    Other income, net     (82,363 )       0    
    Change in fair value of warrant liabilities     (663,449 )       138,000.00    
    Interest expense     30,277         35,222    
    Income tax benefit     523,500         (114,668.00 )  
    Stock compensation     2,257,139         3,118,584.00    
    Depreciation and amortization     4,900,729         459,529    
                     
    Adjusted EBITDA     (6,353,530 )       (470,435 )  
                     
    Net income (loss) margin     (151.6 ) %     (20.4 ) %
                     
    Adjusted EBITDA margin     (72.3 ) %     (2.3 ) %
                     

    Adjusted EBITDA Margin

    Zeo Energy defines Adjusted EBITDA margin, a non-GAAP financial measure, expressed as a percentage, as the ratio of Adjusted EBITDA to revenue, net. Adjusted EBITDA margin measures net income (loss) before interest and other expenses, net, income tax expense, depreciation and amortization, as adjusted to exclude stock-based compensation and is expressed as a percentage of revenue. In the table above, Adjusted EBITDA is reconciled to the most comparable GAAP measure, net income (loss). Zeo utilizes Adjusted EBITDA margin as an internal performance measure in the management of the Company’s operations because the Company believes the exclusion of these non-cash and non-recurring charges allows for a more relevant comparison of the Company’s results of operations to other companies in Zeo’s industry.

    The following table sets forth Zeo’s calculations of Adjusted EBITDA margin for the periods presented:

           
      Three months Ended March 31,  
        2025       2024    
    Total Revenue   $ 8,783,695       $ 20,142,156    
                     
    Adjusted EBITDA     (6,353,530 )       (470,435 )  
                     
    Adjusted EBITDA margin     (72.3 ) %     (2.3 ) %
                     

    Forward-Looking Statements

    This news release contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to the Company. Such statements may include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will,” and similar references to future periods may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the future financial performance of the Company; the ability to effectively consolidate the assets of Lumio and produce the expected results; changes in the Company’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, the ability to raise additional funds, and plans and objectives of management. These forward-looking statements are based on information available as of the date of this news release, and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company’s views as of any subsequent date, and the Company does not undertake any obligation to update such forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, the Company’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: (i) the outcome of any legal proceedings that may be instituted against the Company or others; (ii) the Company’s success in retaining or recruiting, or changes required in, its officers, key employees, or directors; (iii) the Company’s ability to maintain the listing of its common stock and warrants on Nasdaq; (iv) limited liquidity and trading of the Company’s securities; (v) geopolitical risk and changes in applicable laws or regulations, including tariffs or trade restrictions; (vi) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (vii) operational risk; (viii) litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on the Company’s resources; (ix) the Company’s ability to effectively consolidate the assets of Lumio and produce the expected results; and (x) other risks and uncertainties, including those included under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) for the year ended December 31, 2024 and in its subsequent periodic reports and other filings with the SEC.

    In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by the Company, its respective directors, officers or employees or any other person that the Company will achieve its objectives and plans in any specified time frame, or at all. The forward-looking statements in this news release represent the views of the Company as of the date of this news release. Subsequent events and developments may cause that view to change. However, while the Company may elect to update these forward-looking statements at some point in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of the Company as of any date subsequent to the date of this news release.

    Zeo Energy Corp. Contacts

    For Investors:
    Tom Colton and Greg Bradbury
    Gateway Group
    ZEO@gateway-grp.com

    For Media:
    Zach Kadletz
    Gateway Group
    ZEO@gateway-grp.com

    -Financial Tables to Follow-

    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited)    		  
        As of March 31,   As of December 31,  
          2025       2024    
    Assets              
    Current assets              
    Cash and cash equivalents   $ 2,894,103     $ 5,634,115    
    Accounts receivable, including $286,103 and $191,662 from related parties, net of allowance for credit losses of $4,703,905 and $1,165,336, as of March 31, 2025 and December 31, 2024, respectively     4,999,508       10,186,543    
    Inventories     847,395       872,470    
    Contract assets     577,398       64,202    
    Prepaid expenses and other current assets     936,673       2,131,345    
    Total current assets     10,255,077       18,888,675    
    Other assets     113,591       314,426    
    Property, equipment and other fixed assets, net     2,629,283       2,475,963    
    Right of use operating lease assets     1,087,496       1,268,139    
    Right of use financing lease assets     412,893       447,012    
    Intangibles, net     2,938,804       7,571,156    
    Note receivable – related party     3,000,000       3,000,000    
    Goodwill     27,010,745       27,010,745    
    Total assets   $ 47,447,889     $ 60,976,116    
                   
    Liabilities, redeemable noncontrolling interest and stockholders’ (deficit) equity        
    Current liabilities              
    Accounts payable   $ 3,569,632     $ 2,780,885    
    Accrued expenses and other current liabilities, including $2,320,129 and $3,359,101 with related parties at March 31, 2025 and December 31, 2024, respectively     6,581,799       8,540,188    
    Current portion of long-term debt     301,091       291,036    
    Current portion of obligations under operating leases     555,672       583,429    
    Current portion of obligations under financing leases     133,408       130,464    
    Convertible promissory note     2,455,000       2,440,000    
    Contract liabilities, including $0 and $2,000 with related parties as of March 31, 2025 and December 31, 2024, respectively     119,417       203,607    
    Total current liabilities     13,716,019       14,969,609    
    Obligations under operating leases, non-current     662,291       799,385    
    Obligations under financing leases, non-current     314,167       348,807    
    Warrant liabilities     785,551       1,449,000    
    Long-term debt     414,268       496,623    
    Total liabilities     15,892,296       18,063,424    
                   
    Commitments and contingencies (Note 14)              
                   
    Redeemable noncontrolling interests              
    Convertible preferred units, 1,500,000 units issued and outstanding as of March 31, 2025 and December 31, 2024, respectively     16,536,108       16,130,871    
    Class B Units     38,097,300       115,693,900    
                   
    Stockholders’ equity              
    Class V common stock, $0.0001 par value, 100,000,000 authorized shares; 26,730,000 and 35,230,000 shares issued and outstanding as of March 31, 2025, and December 31, 2024, respectively     2,673       3,523    
    Class A common stock, $0.0001 par value, 300,000,000 authorized shares; 21,796,464 and 13,252,964 shares issued and outstanding as of March 31, 2025, and December 31, 2023, respectively     2,180       1,326    
    Additional paid in capital     16,486,224       14,523,963    
    Accumulated deficit     (39,568,892 )     (103,440,891 )  
    Total stockholders’ deficit     (23,077,815 )     (88,912,079 )  
    Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit) equity   $ 47,447,889     $ 60,976,116    
                   
    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
        Three months ended March 31,
        2025     2024  
    Revenue, net   $ 6,216,391     $ 11,329,387  
    Related party revenue, net     2,567,304       8,812,769  
    Total revenue     8,783,695       20,142,156  
    Operating costs and expenses:            
    Cost of goods sold (exclusive of items shown below)     4,789,679       13,957,966  
    Depreciation and amortization     4,900,729       459,529  
    Sales and marketing     2,137,092       6,553,787  
    General and administrative     10,467,593       3,219,422  
    Total operating expenses     22,295,093       24,190,704  
    (Loss) income from operations     (13,511,398 )     (4,048,548 )
    Other (expenses) income, net:            
    Other income, net     82,363       –  
    Change in fair value of warrant liabilities     663,449       (138,000 )
    Interest expense     (30,277 )     (35,222 )
    Total other expense, net     715,535       (173,222 )
    Net (loss) income before taxes     (12,795,863 )     (4,221,770 )
    Income tax (expense) benefit     (523,500 )     114,668  
    Net (loss) income     (13,319,363 )     (4,107,102 )
    Net (loss) attributable to Sunergy Renewables LLC prior to the Business Combination     –       (523,681 )
    Net (loss) income subsequent to the Business Combination     (13,319,363 )     (3,583,421 )
    Net (loss) income attributable to redeemable non-controlling interests     (6,958,098 )     (2,051,930 )
    Net (loss) income attributable to Class A common stock   $ (6,361,265 )   $ (1,531,491 )
                 
    Basic and diluted net (loss) income per common unit   $ (0.48 )   $ (1.54 )
    Weighted average units outstanding, basic and diluted     13,252,964       994,345  
                 
    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
      Three Months Ended March 31,
      2025     2024  
    Cash Flows from Operating Activities          
    Net (loss) income $ (13,319,363 )   $ (4,107,102 )
    Adjustment to reconcile net (loss) income to cash (used in) provided by operating activities          
    Depreciation and amortization   4,900,729       459,529  
    Interest income   –       –  
    Change in fair value of warrant liabilities   (663,449 )     138,000  
    Provision for credit losses   3,538,569       150,000  
    Noncash operating lease expense   180,643       152,717  
    Stock based compensation expense   2,257,139       3,118,584  
    Changes in operating assets and liabilities:          
    Accounts receivable   1,742,907       (2,297,517 )
    Accounts receivable due from related parties   (94,441 )     (2,692,841 )
    Inventories   25,075       (28,968 )
    Prepaid installation costs   (513,196 )     4,448,953  
    Prepaids and other current assets   1,138,288       (1,420,528 )
    Other assets   (37,656 )     (109,443 )
    Accounts payable   788,747       (400,861 )
    Accrued expenses and other current liabilities   (919,417 )     (691,316 )
    Accrued expenses and other current liabilities due to related parties   (1,038,972 )     (2,148,960 )
    Contract liabilities   (82,190 )     (3,508,323 )
    Contract liabilities due to related parties   (2,000 )     (1,054,263 )
    Operating lease payments   (164,851 )     (159,650 )
    Net cash (used in) provided by operating activities   (2,263,438 )     (10,151,989 )
               
    Cash flows from Investing Activities          
    Purchases of property, equipment and other assets   (372,578 )     (226,076 )
    Net cash used in investing activities   (372,578 )     (226,076 )
               
    Cash flows from Financing Activities          
    Principal payment of finance lease liabilities   (31,696 )     (28,537 )
    Proceeds from the issuance of convertible preferred stock, net of transaction costs   –       10,277,275  
    Repayments of debt   (72,300 )     (71,855 )
    Distributions to members   –       (90,000 )
    Net cash provided by (used in) financing activities   (103,996 )     10,086,883  
               
    Net (decrease) increase in cash and cash equivalents   (2,740,012 )     (291,182 )
    Cash and cash equivalents, beginning of period   5,634,115       8,022,306  
    Cash and cash equivalents, end of the period $ 2,894,103     $ 7,731,124  
               
    Supplemental Cash Flow Information          
    Cash paid for interest $ 25,785     $ 34,060  
    Cash paid for income taxes $ –     $ –  
    Noncash finance lease expense $ 34,119     $ 34,118  
               
    Non-cash transactions          
    Deferred equity issuance costs $ –     $ 3,269,039  
    Issuance of Class A common stock to vendors $ –     $ 891,035  
    Issuance of Class A common stock to backstop investors $ –     $ 1,569,463  
    Preferred dividends $ 405,237     $ 8,224,091  

    The MIL Network –

  • MIL-OSI: Zeo Energy Corp. Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    NEW PORT RICHEY, Fla., June 16, 2025 (GLOBE NEWSWIRE) — Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo”, “Zeo Energy”, or the “Company”), a Florida-based provider of residential solar and energy efficiency solutions, today reported financial results for the first quarter ended March 31, 2025.

    Recent Operational Highlights

    • Entered into a definitive agreement to acquire Heliogen, a provider of on-demand clean energy technology solutions, allowing the company to establish a division focused on long-duration energy generation and storage for commercial and industrial-scale facilities, including artificial intelligence (AI) and cloud computing data centers.
    • Recruited and retained adequate staff ahead of the peak summer sales season.

    Management Commentary
    “In the first quarter of 2025, we continued to navigate the challenging solar market and successfully generated $8.8 million of revenue,” said Zeo Energy Corp. CEO Tim Bridgewater. “As announced last month, we were able to take advantage of the softer sector conditions by entering into a definitive agreement to acquire Heliogen. We believe that this proposed acquisition positions us to expand beyond traditional residential solar and into adjacent clean energy verticals with long-term upside. This move will also enhance our balance sheet and diversify our revenue base going forward.”

    “As anticipated, in Q1 we experienced a slowdown due to the seasonality of our intensive summer sales model. This slowdown was exacerbated by the current high-interest rate environment. We’ve maintained our strategic focus during this period, streamlining operations and strengthening our sales team ahead of the critical summer season that is now underway. Looking ahead, we remain confident in our full-year outlook. We expect meaningful improvement in the latter half of the year as market activity increases.”

    First Quarter 2025 Financial Results

    Results compare the 2025 first quarter ended March 31, 2025 to the 2024 first quarter ended March 31, 2024.

    • Total revenue was $8.8 million in Q1 2025, a 56.4% decrease from $20.1 million in the comparable 2024 period. The decrease was primarily due to higher interest rates creating a challenging environment for residential solar direct sales.
    • Gross profit decreased to $3.8 million (43.0% of total revenue) in Q1 2025 from $6.0 million (29.9% of total revenue) in the comparable 2024 period. The decrease was driven in part by the decrease in sales compared to the prior period. The improvement in gross profit as a percentage of revenue was the result of improved operational efficiencies in labor and a reduction in materials costs.
    • Net loss for Q1 2025 was $13.3 million compared to $4.1 million in the comparable 2024 period. The decrease is primarily due to a decrease in overall sales for the period.
    • Adjusted EBITDA, a non-GAAP measurement of operating performance reconciled below, decreased to $(6.4) million (72.3% of total revenue) in Q1 2024 from approximately $(0.5) million (2.3% of total revenue) in the comparable 2024 period. The change was primarily related to the change in net loss.

    For more information, please visit the Zeo Energy Corp. investor relations website at investors.zeoenergy.com.

    About Zeo Energy Corp.

    Zeo Energy Corp. is a Florida-based provider of residential solar, distributed energy, and energy efficiency solutions. Zeo focuses on high-growth markets with limited competitive saturation. With its differentiated sales approach and vertically integrated offerings, Zeo, through its Sunergy Solar business unit, serves customers who desire to reduce high energy bills and contribute to a more sustainable future. For more information on Zeo Energy Corp., please visit www.zeoenergy.com.

    Non-GAAP Financial Measures

    Adjusted EBITDA
    Zeo Energy defines Adjusted EBITDA, a non-GAAP financial measure, as net income (loss) before interest and other expenses, net, income tax expense, and depreciation and amortization, as adjusted to exclude stock-based compensation. Zeo utilizes Adjusted EBITDA as an internal performance measure in the management of the Company’s operations because the Company believes the exclusion of these non-cash and non-recurring charges allows for a more relevant comparison of Zeo’s results of operations to other companies in the industry. Adjusted EBITDA should not be viewed as a substitute for net loss calculated in accordance with GAAP, and other companies may define Adjusted EBITDA differently.

    The following table provides a reconciliation of net income (loss) to Adjusted EBITDA for the periods presented:

           
      Three months Ended March 31,  
        2025       2024    
    Net income (loss)   $ (13,319,363 )     $ (4,107,102 )  
    Adjustment:                
    Other income, net     (82,363 )       0    
    Change in fair value of warrant liabilities     (663,449 )       138,000.00    
    Interest expense     30,277         35,222    
    Income tax benefit     523,500         (114,668.00 )  
    Stock compensation     2,257,139         3,118,584.00    
    Depreciation and amortization     4,900,729         459,529    
                     
    Adjusted EBITDA     (6,353,530 )       (470,435 )  
                     
    Net income (loss) margin     (151.6 ) %     (20.4 ) %
                     
    Adjusted EBITDA margin     (72.3 ) %     (2.3 ) %
                     

    Adjusted EBITDA Margin

    Zeo Energy defines Adjusted EBITDA margin, a non-GAAP financial measure, expressed as a percentage, as the ratio of Adjusted EBITDA to revenue, net. Adjusted EBITDA margin measures net income (loss) before interest and other expenses, net, income tax expense, depreciation and amortization, as adjusted to exclude stock-based compensation and is expressed as a percentage of revenue. In the table above, Adjusted EBITDA is reconciled to the most comparable GAAP measure, net income (loss). Zeo utilizes Adjusted EBITDA margin as an internal performance measure in the management of the Company’s operations because the Company believes the exclusion of these non-cash and non-recurring charges allows for a more relevant comparison of the Company’s results of operations to other companies in Zeo’s industry.

    The following table sets forth Zeo’s calculations of Adjusted EBITDA margin for the periods presented:

           
      Three months Ended March 31,  
        2025       2024    
    Total Revenue   $ 8,783,695       $ 20,142,156    
                     
    Adjusted EBITDA     (6,353,530 )       (470,435 )  
                     
    Adjusted EBITDA margin     (72.3 ) %     (2.3 ) %
                     

    Forward-Looking Statements

    This news release contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to the Company. Such statements may include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will,” and similar references to future periods may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the future financial performance of the Company; the ability to effectively consolidate the assets of Lumio and produce the expected results; changes in the Company’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, the ability to raise additional funds, and plans and objectives of management. These forward-looking statements are based on information available as of the date of this news release, and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company’s views as of any subsequent date, and the Company does not undertake any obligation to update such forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, the Company’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: (i) the outcome of any legal proceedings that may be instituted against the Company or others; (ii) the Company’s success in retaining or recruiting, or changes required in, its officers, key employees, or directors; (iii) the Company’s ability to maintain the listing of its common stock and warrants on Nasdaq; (iv) limited liquidity and trading of the Company’s securities; (v) geopolitical risk and changes in applicable laws or regulations, including tariffs or trade restrictions; (vi) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (vii) operational risk; (viii) litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on the Company’s resources; (ix) the Company’s ability to effectively consolidate the assets of Lumio and produce the expected results; and (x) other risks and uncertainties, including those included under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) for the year ended December 31, 2024 and in its subsequent periodic reports and other filings with the SEC.

    In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by the Company, its respective directors, officers or employees or any other person that the Company will achieve its objectives and plans in any specified time frame, or at all. The forward-looking statements in this news release represent the views of the Company as of the date of this news release. Subsequent events and developments may cause that view to change. However, while the Company may elect to update these forward-looking statements at some point in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of the Company as of any date subsequent to the date of this news release.

    Zeo Energy Corp. Contacts

    For Investors:
    Tom Colton and Greg Bradbury
    Gateway Group
    ZEO@gateway-grp.com

    For Media:
    Zach Kadletz
    Gateway Group
    ZEO@gateway-grp.com

    -Financial Tables to Follow-

    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited)    		  
        As of March 31,   As of December 31,  
          2025       2024    
    Assets              
    Current assets              
    Cash and cash equivalents   $ 2,894,103     $ 5,634,115    
    Accounts receivable, including $286,103 and $191,662 from related parties, net of allowance for credit losses of $4,703,905 and $1,165,336, as of March 31, 2025 and December 31, 2024, respectively     4,999,508       10,186,543    
    Inventories     847,395       872,470    
    Contract assets     577,398       64,202    
    Prepaid expenses and other current assets     936,673       2,131,345    
    Total current assets     10,255,077       18,888,675    
    Other assets     113,591       314,426    
    Property, equipment and other fixed assets, net     2,629,283       2,475,963    
    Right of use operating lease assets     1,087,496       1,268,139    
    Right of use financing lease assets     412,893       447,012    
    Intangibles, net     2,938,804       7,571,156    
    Note receivable – related party     3,000,000       3,000,000    
    Goodwill     27,010,745       27,010,745    
    Total assets   $ 47,447,889     $ 60,976,116    
                   
    Liabilities, redeemable noncontrolling interest and stockholders’ (deficit) equity        
    Current liabilities              
    Accounts payable   $ 3,569,632     $ 2,780,885    
    Accrued expenses and other current liabilities, including $2,320,129 and $3,359,101 with related parties at March 31, 2025 and December 31, 2024, respectively     6,581,799       8,540,188    
    Current portion of long-term debt     301,091       291,036    
    Current portion of obligations under operating leases     555,672       583,429    
    Current portion of obligations under financing leases     133,408       130,464    
    Convertible promissory note     2,455,000       2,440,000    
    Contract liabilities, including $0 and $2,000 with related parties as of March 31, 2025 and December 31, 2024, respectively     119,417       203,607    
    Total current liabilities     13,716,019       14,969,609    
    Obligations under operating leases, non-current     662,291       799,385    
    Obligations under financing leases, non-current     314,167       348,807    
    Warrant liabilities     785,551       1,449,000    
    Long-term debt     414,268       496,623    
    Total liabilities     15,892,296       18,063,424    
                   
    Commitments and contingencies (Note 14)              
                   
    Redeemable noncontrolling interests              
    Convertible preferred units, 1,500,000 units issued and outstanding as of March 31, 2025 and December 31, 2024, respectively     16,536,108       16,130,871    
    Class B Units     38,097,300       115,693,900    
                   
    Stockholders’ equity              
    Class V common stock, $0.0001 par value, 100,000,000 authorized shares; 26,730,000 and 35,230,000 shares issued and outstanding as of March 31, 2025, and December 31, 2024, respectively     2,673       3,523    
    Class A common stock, $0.0001 par value, 300,000,000 authorized shares; 21,796,464 and 13,252,964 shares issued and outstanding as of March 31, 2025, and December 31, 2023, respectively     2,180       1,326    
    Additional paid in capital     16,486,224       14,523,963    
    Accumulated deficit     (39,568,892 )     (103,440,891 )  
    Total stockholders’ deficit     (23,077,815 )     (88,912,079 )  
    Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit) equity   $ 47,447,889     $ 60,976,116    
                   
    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
        Three months ended March 31,
        2025     2024  
    Revenue, net   $ 6,216,391     $ 11,329,387  
    Related party revenue, net     2,567,304       8,812,769  
    Total revenue     8,783,695       20,142,156  
    Operating costs and expenses:            
    Cost of goods sold (exclusive of items shown below)     4,789,679       13,957,966  
    Depreciation and amortization     4,900,729       459,529  
    Sales and marketing     2,137,092       6,553,787  
    General and administrative     10,467,593       3,219,422  
    Total operating expenses     22,295,093       24,190,704  
    (Loss) income from operations     (13,511,398 )     (4,048,548 )
    Other (expenses) income, net:            
    Other income, net     82,363       –  
    Change in fair value of warrant liabilities     663,449       (138,000 )
    Interest expense     (30,277 )     (35,222 )
    Total other expense, net     715,535       (173,222 )
    Net (loss) income before taxes     (12,795,863 )     (4,221,770 )
    Income tax (expense) benefit     (523,500 )     114,668  
    Net (loss) income     (13,319,363 )     (4,107,102 )
    Net (loss) attributable to Sunergy Renewables LLC prior to the Business Combination     –       (523,681 )
    Net (loss) income subsequent to the Business Combination     (13,319,363 )     (3,583,421 )
    Net (loss) income attributable to redeemable non-controlling interests     (6,958,098 )     (2,051,930 )
    Net (loss) income attributable to Class A common stock   $ (6,361,265 )   $ (1,531,491 )
                 
    Basic and diluted net (loss) income per common unit   $ (0.48 )   $ (1.54 )
    Weighted average units outstanding, basic and diluted     13,252,964       994,345  
                 
    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
      Three Months Ended March 31,
      2025     2024  
    Cash Flows from Operating Activities          
    Net (loss) income $ (13,319,363 )   $ (4,107,102 )
    Adjustment to reconcile net (loss) income to cash (used in) provided by operating activities          
    Depreciation and amortization   4,900,729       459,529  
    Interest income   –       –  
    Change in fair value of warrant liabilities   (663,449 )     138,000  
    Provision for credit losses   3,538,569       150,000  
    Noncash operating lease expense   180,643       152,717  
    Stock based compensation expense   2,257,139       3,118,584  
    Changes in operating assets and liabilities:          
    Accounts receivable   1,742,907       (2,297,517 )
    Accounts receivable due from related parties   (94,441 )     (2,692,841 )
    Inventories   25,075       (28,968 )
    Prepaid installation costs   (513,196 )     4,448,953  
    Prepaids and other current assets   1,138,288       (1,420,528 )
    Other assets   (37,656 )     (109,443 )
    Accounts payable   788,747       (400,861 )
    Accrued expenses and other current liabilities   (919,417 )     (691,316 )
    Accrued expenses and other current liabilities due to related parties   (1,038,972 )     (2,148,960 )
    Contract liabilities   (82,190 )     (3,508,323 )
    Contract liabilities due to related parties   (2,000 )     (1,054,263 )
    Operating lease payments   (164,851 )     (159,650 )
    Net cash (used in) provided by operating activities   (2,263,438 )     (10,151,989 )
               
    Cash flows from Investing Activities          
    Purchases of property, equipment and other assets   (372,578 )     (226,076 )
    Net cash used in investing activities   (372,578 )     (226,076 )
               
    Cash flows from Financing Activities          
    Principal payment of finance lease liabilities   (31,696 )     (28,537 )
    Proceeds from the issuance of convertible preferred stock, net of transaction costs   –       10,277,275  
    Repayments of debt   (72,300 )     (71,855 )
    Distributions to members   –       (90,000 )
    Net cash provided by (used in) financing activities   (103,996 )     10,086,883  
               
    Net (decrease) increase in cash and cash equivalents   (2,740,012 )     (291,182 )
    Cash and cash equivalents, beginning of period   5,634,115       8,022,306  
    Cash and cash equivalents, end of the period $ 2,894,103     $ 7,731,124  
               
    Supplemental Cash Flow Information          
    Cash paid for interest $ 25,785     $ 34,060  
    Cash paid for income taxes $ –     $ –  
    Noncash finance lease expense $ 34,119     $ 34,118  
               
    Non-cash transactions          
    Deferred equity issuance costs $ –     $ 3,269,039  
    Issuance of Class A common stock to vendors $ –     $ 891,035  
    Issuance of Class A common stock to backstop investors $ –     $ 1,569,463  
    Preferred dividends $ 405,237     $ 8,224,091  

    The MIL Network –

  • MIL-OSI Video: EC Explained: How the European Commission Works

    Source: European Commission (video statements)

    Who really guides the European Union?

    This explainer video unpacks the role of the European Commission, the key engine that proposes, implements, and enforces EU policies.
    Based in Brussels, the Commission is central to shaping the European Union’s future.

    In this video, you’ll discover:
    – How EU laws and policies are created
    – How President of the European Commission is chosen
    – The difference between the European Commission, Parliament, and Council
    – Why the Commission matters to over 450 million EU citizens

    From proposing new laws to enforcing them across 27 member states, the Commission drives the European Union forward — shaping everything from climate action to digital policy.

    Perfect for students, educators, or anyone who wants to understand how the EU works, in simple terms.

    Watch on the Audiovisual Portal of the European Commission: https://audiovisual.ec.europa.eu/en/video/I-248609

    Follow us on:
    -X: https://twitter.com/EU_Commission
    -Instagram: https://www.instagram.com/europeancommission/
    -Facebook: https://www.facebook.com/EuropeanCommission
    -LinkedIn: https://www.linkedin.com/company/european-commission/
    -Medium: https://medium.com/@EuropeanCommission

    Check our website: http://ec.europa.eu/

    https://www.youtube.com/watch?v=sMwhTTBJGIQ

    MIL OSI Video –

  • MIL-OSI Video: EC Explained: How the European Commission Works

    Source: European Commission (video statements)

    Who really guides the European Union?

    This explainer video unpacks the role of the European Commission, the key engine that proposes, implements, and enforces EU policies.
    Based in Brussels, the Commission is central to shaping the European Union’s future.

    In this video, you’ll discover:
    – How EU laws and policies are created
    – How President of the European Commission is chosen
    – The difference between the European Commission, Parliament, and Council
    – Why the Commission matters to over 450 million EU citizens

    From proposing new laws to enforcing them across 27 member states, the Commission drives the European Union forward — shaping everything from climate action to digital policy.

    Perfect for students, educators, or anyone who wants to understand how the EU works, in simple terms.

    Watch on the Audiovisual Portal of the European Commission: https://audiovisual.ec.europa.eu/en/video/I-248609

    Follow us on:
    -X: https://twitter.com/EU_Commission
    -Instagram: https://www.instagram.com/europeancommission/
    -Facebook: https://www.facebook.com/EuropeanCommission
    -LinkedIn: https://www.linkedin.com/company/european-commission/
    -Medium: https://medium.com/@EuropeanCommission

    Check our website: http://ec.europa.eu/

    https://www.youtube.com/watch?v=sMwhTTBJGIQ

    MIL OSI Video –

  • MIL-OSI USA: Army to change names of seven installations

    Source: United States Army

    WASHINGTON – The U.S. Army will take all necessary actions to change the names of seven Army installations in honor of heroic Soldiers who served in conflicts ranging from the Civil War to the Battle of Mogadishu. Five of them received the Medal of Honor, three received the Distinguished Service Cross and one received the Silver Star.

    Fort Pickett (formerly Fort Barfoot) will be named in honor of Distinguished Service Cross recipient 1st Lt. Vernon W. Pickett for his extraordinary heroism during World War II. While pinned down by enemy machine gun fire, Pickett crawled forward and destroyed two enemy positions with grenades. After being captured, he escaped from a transport train with fellow POWs and rejoined his unit before being killed in action.

    Fort Hood (formerly Fort Cavazos) will be named in honor of Distinguished Service Cross recipient Col. Robert B. Hood for his extraordinary heroism during World War I. Amid intense shelling near Thiaucourt, France, then-Capt. Hood directed artillery fire under enfilading machine-gun fire. After his gun crew was lost to enemy fire, he rapidly reorganized and returned fire within minutes, restoring combat capability.

    Fort Gordon (formerly Fort Eisenhower) will be named in honor of Medal of Honor recipient Master Sgt. Gary I. Gordon for his valor during the 1993 Battle of Mogadishu, Somalia. Gordon volunteered to be inserted to defend wounded crew members at a helicopter crash site and held off an advancing enemy force, protecting the pilot after exhausting all his ammunition.

    Fort Lee (formerly Fort Gregg-Adams) will be named in honor of Medal of Honor recipient Pvt. Fitz Lee for his heroism during the Spanish-American War. During a coastal assault in Cuba, Lee voluntarily disembarked under direct enemy fire to rescue wounded comrades from the battlefield.

    Fort Polk (formerly Fort Johnson) will be named in honor of Silver Star recipient Gen. James H. Polk for his gallantry in action as commanding officer of the 3rd Cavalry Group (Mechanized) during operations across Europe in World War II. Then-Col. Polk led reconnaissance and combat missions under fire, spearheading Third Army advances as part of Task Force Polk. He later served as commander in chief of U.S. Army Europe.

    Fort Rucker (formerly Fort Novosel) will be named in honor of Distinguished Service Cross recipient Capt. Edward W. Rucker for extraordinary heroism in World War I. Flying deep behind enemy lines, then-1st Lt. Rucker and his fellow aviators engaged a numerically superior enemy force in a daring aerial battle over France, disrupting enemy movements and completing their mission against overwhelming odds.

    Fort A.P. Hill (formerly Fort Walker) will be named in honor of Medal of Honor recipients Lt. Col. Edward Hill, 1st Sgt. Robert A. Pinn and Pvt. Bruce Anderson for extraordinary heroism during the Civil War. Then-Capt. Hill, Pinn and Anderson executed significant actions separately at Cold Harbor, Virginia; Chapin’s Farm, Virginia; and Fort Fisher, North Carolina, in support of the U.S. Army.

    The Secretary of the Army will take immediate action to implement these redesignations, which are in accordance with Section 1749(a) of the National Defense Authorization Act for Fiscal Year 2020.

    For more information, please contact usarmy.pentagon.hqda-ocpa.mbx.mrd-press-desk@army.mil.

    MIL OSI USA News –

  • MIL-OSI USA: Army to cease procurement of M10 Booker Combat Vehicles

    Source: United States Army

    Washington (June 11, 2025) – In response to current world events and in support of the strategic objectives outlined in the Army Transformation Initiative, the U.S. Army has issued a termination for convenience of the current low-rate initial production of the M10 Booker Combat Vehicle and will not enter into full-rate production as originally planned.

    The Army will request to reallocate the remaining funds in fiscal 2025 to accelerate fielding of war-winning capabilities and anticipates additional significant savings to be fully realized within the next 18-24 months.

    Formerly known as the Mobile Protected Firepower, the M10 Booker low-rate initial production contract was awarded in June 2022 to General Dynamics Land Systems for the production and fielding of up to 96 vehicles. The ongoing contract termination process will ultimately determine the disposition of the remaining assets.

    Although M10 Booker production will conclude, the Army appreciates the efforts of the team and Soldiers from the 82nd Airborne Division who worked on the program.

    MIL OSI USA News –

  • MIL-OSI USA: Army Launches Detachment 201: Executive Innovation Corps to Drive Tech Transformation

    Source: United States Army

    New Executive Innovation Corps brings top tech talent into the Army Reserve to bridge the commercial-military tech gap, with four tech leaders set to join as officers.

    WASHINGTON — The U.S. Army is establishing Detachment 201: The Army’s Executive Innovation Corps, a new initiative designed to fuse cutting-edge tech expertise with military innovation. On June 13, 2025, the Army will officially swear in four tech leaders.

    Det. 201 is an effort to recruit senior tech executives to serve part-time in the Army Reserve as senior advisors. In this role they will work on targeted projects to help guide rapid and scalable tech solutions to complex problems. By bringing private-sector know-how into uniform, Det. 201 is supercharging efforts like the Army Transformation Initiative, which aims to make the force leaner, smarter, and more lethal.

    The four new Army Reserve Lt. Cols. are Shyam Sankar, Chief Technology Officer for Palantir; Andrew Bosworth, Chief Technology Officer of Meta; Kevin Weil, Chief Product Officer of OpenAI; and Bob McGrew, advisor at Thinking Machines Lab and former Chief Research Officer for OpenAI.

    Their swearing-in is just the start of a bigger mission to inspire more tech pros to serve without leaving their careers, showing the next generation how to make a difference in uniform.

    * * *

    The United States Army is the land service branch of the U.S. Armed Forces and the oldest established military force in the country. Committed to defending the nation and supporting global stability, the Army leads the way in innovation, resilience, and readiness. Learn more at www.army.mil

    MIL OSI USA News –

  • MIL-OSI USA: Army’s 250th birthday celebration on June 14, 2025

    Source: United States Army

    WASHINGTON – Members of the media are invited to cover the celebration of the Army’s 250th birthday on June 14, 2025.

    The festival is at the National Mall in Washington D.C. and begins with an Army Fitness competition at 9:30 a.m. Festival exhibits open at 11 a.m. The festival will provide opportunities to interact with Soldiers, Army astronauts, NFL representatives, and Medal of Honor recipients. There will be military demonstrations, equipment displays, a cake cutting ceremony and opportunities to take part in a variety of activities.

    All press have access to cover the fitness event and the exhibits which are open to the public. If press registered for the parade they are automatically registered for the festival. If press have not registered for the parade, they will still have access to the festival. In other words, press do not need credentials for the festival.

    Press covering the festival may arrive as early as 8 a.m. and should enter through the festival entrance at 7th St. SW and Jefferson St. SW.

    First stop for the press should be the Media Operations Center (Tent #48) located behind the main stage. From there, press will be directed to the media tents (Tents #43&44).

    Soldiers, historians in uniform, and other experts will be available throughout the day for interviews.

    The media can move from the festival to the parade through the pedestrian checkpoint located at 14th St. NW, south of Constitution Ave. NW beginning at 2 p.m.

    The screening checkpoint for the general public attending the parade will be open at 2 p.m. at the following locations:

    • 14th Street between Constitution and Independence Avenue
    • C Street NW between 18th and 19th Street

    At 6:30 p.m. the Army Birthday Parade will celebrate the Army’s history and will feature Army equipment, flyovers and 6,700 Soldiers in uniforms from the past and the present. The day will end with an enlistment and reenlistment ceremony, a parachute demonstration by the Golden Knights and a fireworks display.

    All press access for the parade is controlled by the America250 Commission. If press did not request parade access through the America250 Commission, they can still access the parade with the general public. For more information about press access to the parade, please contact press@america250.org.

    WEATHER

    The weather is being closely monitored and taken into consideration, but at this point nothing has changed. New developments, if any, will be announced by the Army or the America250 Commission.

    To learn more about road/metro closures, and prohibited items, visit:

    For questions about parade credentialing, visit:

    To learn more about the Army’s 250th birthday, visit:

    Livestreams on June 14:

    The U.S. Army Fitness Competition – 9:20 a.m. to 12 p.m.,

    The 250th Army Birthday Festival is made possible through the support of 22 sponsors. This includes presenting sponsors General Dynamics and USAA, and festival entertainment sponsor the Gary Sinise Foundation. Platinum sponsors include the Wounded Warrior Project, the Army & Air Force Exchange Service, the Association of the United States Army, Bell Textron, Wal-Mart, GOVX, Leonardo DRS, RTX Corporation, Lockheed Martin, Leidos and BAE Systems. Gold sponsors include Armed Forces Mutual, Boeing, First Command, General Electric Aerospace, T-Mobile, King George, InterContinental Hotels Group and the NFL. Sponsorship does not imply U.S. Army or federal endorsement.

    MIL OSI USA News –

  • MIL-OSI Security: Former Bank Teller Sentenced to Over Two Years in Prison for Stealing More Than $180,000

    Source: Office of United States Attorneys

    BOSTON – A Saugus man was sentenced today in federal court in Boston for embezzling bank funds while working as a teller at a Boston branch of a national bank.

    Derek Aut, 29, was sentenced by U.S. Senior District Court Judge William G. Young to 25 months in prison, to be followed by two years of supervised release. Aut was also ordered to pay $183,677.73 in restitution. In March 2025, Aut pleaded guilty to embezzlement by a bank employee and aggravated identity theft.  

    While working as a bank teller in Boston, Aut stole from the bank accounts of two customers by forging the victims’ names on withdrawal slips, among other things. When one of the victims noticed money missing from her account, Aut attempted to cover his theft by taking money from the other victim’s account and depositing it into the first victim’s account. In total, Aut caused the bank losses of more than $180,000.  

    United States Attorney Leah B. Foley and Michael J. Krol, Special Agent in Charge of Homeland Security Investigations in New England made the announcement. Assistant U.S. Attorney Kristen A. Kearney of the Securities, Financial & Cyber Fraud Unit prosecuted the case.

    MIL Security OSI –

  • MIL-OSI Security: Former Bank Teller Sentenced to Over Two Years in Prison for Stealing More Than $180,000

    Source: Office of United States Attorneys

    BOSTON – A Saugus man was sentenced today in federal court in Boston for embezzling bank funds while working as a teller at a Boston branch of a national bank.

    Derek Aut, 29, was sentenced by U.S. Senior District Court Judge William G. Young to 25 months in prison, to be followed by two years of supervised release. Aut was also ordered to pay $183,677.73 in restitution. In March 2025, Aut pleaded guilty to embezzlement by a bank employee and aggravated identity theft.  

    While working as a bank teller in Boston, Aut stole from the bank accounts of two customers by forging the victims’ names on withdrawal slips, among other things. When one of the victims noticed money missing from her account, Aut attempted to cover his theft by taking money from the other victim’s account and depositing it into the first victim’s account. In total, Aut caused the bank losses of more than $180,000.  

    United States Attorney Leah B. Foley and Michael J. Krol, Special Agent in Charge of Homeland Security Investigations in New England made the announcement. Assistant U.S. Attorney Kristen A. Kearney of the Securities, Financial & Cyber Fraud Unit prosecuted the case.

    MIL Security OSI –

  • MIL-OSI Security: Mexican national admits to transporting child sexual abuse material across state lines to Mexico

    Source: Office of United States Attorneys

    LAREDO, Texas – A 39-year-old Mexican national has pleaded guilty to transportation of child pornography, announced U.S. Attorney Nicholas J. Ganjei.

    On March 12, Raul Velasco-Leon was traveling from Tennessee and approached the Juarez-Lincoln International Bridge attempting to enter Mexico. While on the primary lane, authorities selected Velasco-Leon for further inspection and referred him to secondary.

    They conducted a search of his belongings and found what appeared to be a piece of youth-sized clothing with the words “Girl Power” tucked inside a jean pocket. Law enforcement also discovered multiple electronic devices, including 10 USB flash drives, two cell phones and a laptop. On one of the devices, they discovered six files containing child sexual abuse material (CSAM) of minor victims approximately 10 years of age.

    The files contained approximately five photographs and one video that contained CSAM. The five images, displayed via video chat, depicted female minor victims showing their genital areas. The video had a split screen with the adult male, later determined to be Velasco-Leon, masturbating while the top of the screen displayed a montage of CSAM including a female minor victim being forced to perform oral sex on an adult male.

    Velasco-Leon admitted he had been engaged in a video chat and when he saw the CSAM, he would watch and screen record it.

    U.S. District Judge John A. Kazen will impose sentencing at a later date. At that time, Velasco-Leon faces up to 20 years in federal prison and a possible $250,000 maximum fine.

    He has been and will remain in custody pending sentencing.

    “This case is about protecting kids both north and south of the border from the defendant’s predatory behavior,” said Ganjei. “Although Velasco-Leon was about to depart the United States for Mexico, given his conduct, his stay in the U.S. is about to become much, much longer.”

    “This guilty plea is a critical step in holding Velasco-Leon accountable for the disturbing crimes he committed,” said Acting Deputy Special Agent in Charge Mauro Lopez of Immigration and Customs Enforcement – Homeland Security Investigations (ICE-HSI) Laredo. “HSI remains committed to identifying, investigating and bringing to justice those who exploit children. We will continue working tirelessly with our law enforcement partners to ensure predators face the full consequences of their actions and that victims are not forgotten.”

    ICE-HSI conducted the investigation with the assistance of Customs and Border Protection.

    Assistant U.S. Attorney Christine A. Cortez is prosecuting the case, which was brought as part of Project Safe Childhood (PSC), a nationwide initiative the Department of Justice (DOJ) launched in May 2006 to combat the growing epidemic of child sexual exploitation and abuse. U.S. Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section leads PSC, which marshals federal, state and local resources to locate, apprehend and prosecute individuals who sexually exploit children and identifies and rescues victims. For more information about PSC, please visit DOJ’s PSC page. For more information about internet safety education, please visit the resources tab on that page. 

    MIL Security OSI –