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Category: Australia

  • MIL-OSI USA: In Case You Missed It: Capito, Colleagues Introduce Bill to Dismantle Unlawful IRS Direct File Program

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito
    WASHINGTON, D.C. – Recently, U.S. Senator Shelley Moore Capito (R-W.Va.) joined a group of 10 Senate Republican colleagues—led by U.S. Senator Marsha Blackburn (R-Tenn.)—to introduce the Fostering Autonomy in Independent Returns by Prohibiting Redundant and Extralegal Programs (FAIR PREP) Act.
    This legislation would terminate the Internal Revenue Service’s (IRS) unauthorized “Direct File” tax filing program. By further barring the agency from unlawfully preparing taxpayer returns without Congressional approval, the bill would establish crucial safeguards to prevent future attempts to sidestep Congress.
    “Unfortunately, this program was a solution for a problem that doesn’t exist in a universe where free filing options are already available for millions of Americans. The IRS was not authorized to create this program, and the funds being used to prop it up should be redirected toward improvements for existing issues within the agency. By passing the FAIR PREP Act, we can reassert Congressional authority, demand accountability and oversight, and restore institutional integrity for the taxpayers of our nation,” Senator Capito said.
    BACKGROUND:
    In 2024, the Biden-Harris IRS launched the “Direct File” tax-preparation program without congressional authorization. Roughly 140,000 taxpayers utilized the new filing option – less than 1% of the estimated 19 million eligible taxpayers.
    Last year, Attorneys General from 13 states, sent a letter to the U.S. Department of Treasury suggesting that the IRS’s unilateral decision to create the program was “unnecessary and unconstitutional.” Despite low utilization rates and objections from congressional Republicans, including Senator Capito, the IRS announced that it would make the program permanent.
    The IRS estimates the program could cost up to $249 million annually, diverting resources from addressing longstanding agency shortfalls. Last month, a U.S. Government Accountability Office (GAO) report revealed the agency has already abandoned plans to hire additional staff and is reallocating hundreds of employees from its taxpayer-services account.
    WHAT THE FAIR PREP ACT DOES:
    Section 6020 of the Internal Revenue Code provides authority for the IRS to “prepare” or “execute” tax returns in limited, defined circumstances. This legislation would:
    Add a new subsection to Section 6020 explicitly prohibiting the IRS from preparing tax returns in unauthorized instances, beginning 30 days after the bill’s enactment;
    Name the Direct File program as an example of unlawful preparation; and
    Bar the Treasury Department and IRS from circumventing the rule by contracting with or awarding grants to third parties to operate such a program, unless explicitly authorized by Congress.
    Under this bill, longstanding programs and functions of the IRS would not be prevented, including the Volunteer Income Tax Assistance Program, Tax Counseling for the Elderly, the Free File partnership, fillable forms, and the correction of math errors. 
    Companion legislation was introduced in the U.S. House of Representatives by U.S. Reps. Adrian Smith (R-Neb.) and Chuck Edwards (R-N.C.)
    Full text of the bill can be found here. 

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI USA: Lee Introduces Pro Life Legislation for March for Life

    US Senate News:

    Source: United States Senator for Utah Mike Lee
    Bills would ban federal tax dollars from subsidizing abortion at home and abroad, repeal law used to target Pro Life activists
    WASHINGTON – Senator Mike Lee (R-UT) has introduced a trio of bills to prevent federal tax dollars from funding or subsidizing abortions in the United States and across the world, in honor of the 2025 March for Life in Washington, DC and state capitals around the country: the Abortion is not Health Care Act, the Protecting Life in Health Savings Accounts Act, the Protecting Life in Foreign Assistance Act, and a repeal of the FACE Act.
    “In our quest to build a society where every precious human life is protected, we cannot allow the tax dollars of American families to be used against the most vulnerable people in our country and across the word: the unborn.” said Senator Lee. “I am also introducing legislation to repeal the FACE Act, which was used by Joe Biden to imprison Pro Life activists, now officially pardoned by President Trump.”
    The Abortion is not Health Care Act would end the tax deductibility of abortions and clarify that this gruesome practice is not health care. Currently, the IRS categorizes an abortion as “medical care” and allows tax benefits to flow to this practice, subsidizing the killing of hundreds of thousands of unborn children each year. This bill would amend Section 213 of the Internal Revenue Code to prohibit elective abortion expenses from being considered eligible for a medical expense deduction.
    Cosponsors include Sens. Hagerty (R-TN), Daines (R-MT), Cramer (R-ND), Blackburn (R-TN), Hawley (R-MO), and Hyde-Smith (R-MS).
    Supporting groups include Students for Life Action, Concerned Women for America, Eagle Forum, Heritage Action
    For a one-pager, click HERE.For bill text, click HERE.
    The Protecting Life in Health Savings Accounts would end the preferential tax treatment of abortion in health savings accounts. Current law allows individuals to use tax-advantaged funds from health savings accounts (HSAs), flexible savings accounts (FSAs), health reimbursement arrangements (HRAs), Archer medical savings accounts (MSAs), and retiree health accounts for the “medical expense” of abortion. This legislation would amend the Internal Revenue Code to explicitly prevent abortions from getting a special tax advantage through the use of these accounts.
    Cosponsors include Sens. Hagerty (R-TN), Daines (R-MT), Cramer (R-ND), Blackburn (R-TN), Hawley (R-MO), and Hyde-Smith (R-MS).
    Supporting groups include Students for Life Action, Concerned Women for America, Eagle Forum
    For a one-pager, click HERE.For bill text, click HERE.
    The Protecting Life in Foreign Assistance Act would ensure that our foreign aid is not funding or promoting abortions overseas. In 1984, President Ronald Reagan first instituted the Mexico City Policy, prohibiting the availability of family planning foreign assistance funds to organizations that provide or promote abortions or advocate to change abortion laws in a foreign country. Since then, the policy has been alternately rescinded and reinstated with changing administrations.
    The Trump Administration rebranded this policy as the Protecting Life in Global Health Assistance (PLGHA) policy and applied it to all global health assistance, foreign nonprofits, and NGOs. This bill would permanently codify an expanded version of the PLGHA policy into law, capturing all assistance provided to foreign or domestic nonprofits, NGOs, and multilateral organizations. With President Biden having rescinded the Protecting Life in Global Health Assistance policy in 2021, American citizens may be complicit in overseas abortions under the guise of “foreign assistance.” Congress must ensure this cannot be the case now or ever again. Doing so would affirm the dignity of unborn human lives everywhere and save countless lives across the globe.
    Cosponsors include Sens. Blackburn (R-TN), Tim Scott (R-SC), Budd (R-NC), Cramer (R-ND), Kennedy (R-LA), Johnson (R-WI), Young (R-IN), Fischer (R-NE), Ricketts (R-NE), Cornyn (R-TX), Banks (R-IN), and Tuberville (R-AL).
    Supporting groups include CatholicVote and Susan B. Anthony Pro-Life America.
    For a one-pager, click HERE.For bill text, click HERE.
    The FACE ACT is a federal law designed to protect access to abortion facilities. While FACE also includes protections for churches, these are duplicative of other federal and state laws and have never been enforced. President Biden’s weaponized Department of Justice used the FACE Act to legally harass peaceful pro-life activists while simultaneously stonewalling good faith efforts by members of Congress to conduct even elementary oversight of the law. While President Trump has pardoned activists imprisoned by the Biden administration, a full repeal of the FACE Act will prevent future administrations from unjustly using this law for the purpose of political persecution.
    Cosponsors include Sens. Hawley (R-MO) & Wicker (R-MS)
    Supporting organizations include Thomas More Society, Family Research Council, Students for Life Action, Catholic Vote, Susan B. Anthony List, Live Action, and Citizens for Renewing America.
    For one-pager, bill text, click HERE.For bill text, click HERE.

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI: Linkage Global Inc Announces Fiscal Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    TOKYO, Jan. 24, 2025 (GLOBE NEWSWIRE) — Linkage Global Inc (“Linkage Cayman”, or the “Company”), a cross-border e-commerce integrated services provider headquartered in Japan, today announced its financial results for the fiscal year ended September 30, 2024.

    Fiscal Year 2024 Financial Highlights

    • Total revenues decreased by approximately 19.19% from USD12.73 million for the fiscal year ended September 30, 2023 to USD10.29 million for the fiscal year ended September 30, 2024.
    • Our new fully managed e-commerce operation services that was launched in April 2024, generated USD3.28 million in revenue.
    • Gross profit increased by approximately USD2.31 million, or 123.91%, from USD1.86 million for the fiscal year ended September 30, 2023 to USD4.17 million for the fiscal year ended September 30, 2024.
    • Net loss decreased by USD0.21 million, or 32.69%, from USD0.65 million for the fiscal year ended September 30, 2023 to USD0.44 million for the fiscal year ended September 30, 2024.

    Mr. Zhihua Wu, Chairman and CEO of the Company, commented: “For the fiscal year ended September 30, 2024, total revenues decreased by about 19.19% from USD12.73 million in 2023 to USD10.29 million, primarily attributable to the decrease of cross-border sales. Specifically, cross-border revenues fell by USD4.11 million, with our Japanese subsidiary experiencing a 53.12% decline. This was largely driven by yen depreciation, which raised prices in Japan and resulted in a decline in consumers’ purchasing power. It was also exacerbated by the depreciation of the Japanese yen against U.S. dollars.”

    “Our integrated e-commerce services saw a rise of USD1.67 million, thanks to our new fully managed e-commerce operation services, which generated USD3.28 million in revenue. However, digital marketing revenues plummeted from USD1.53 million to USD0.31 million because Google updated agreements with more stringent criteria for incentives. In order to cope with the change of policies from Google, we actively engaged in direct and indirect cooperations with other social platforms, such as TikTok and Facebook.”

    “Our gross profit increased by USD2.31 million or 123.91% to USD 4.17 million, largely due to the new business fully managed e-commerce operation services with gross profit of USD2.94 million and gross profit margin of 89.62%.”

    “Looking ahead, while we faced challenges in fiscal year of 2024, our expansion in integrated e-commerce positions us for future growth. We remain committed to enhancing partnerships, optimizing operations, and exploring new market opportunities. These strategies will help us navigate market fluctuations and achieve sustainable growth in the coming years.”

    Fiscal Year 2024 Financial Results

    Revenues

    Total revenues decreased by approximately USD2.44million, or 19.19%, from approximately USD12.73 million for the year ended September 30, 2023 to approximately USD10.29 million for the year ended September 30, 2024, primarily attributable to the decrease of cross-border sales.

    Our breakdown of revenues by revenue streams for the years ended September 30, 2024 and 2023 is summarized below:

        For the Years Ended September 30,
     
        2024     2023  
        USD     USD  
    Cross border Sales     6,476,939       10,587,053  
    Integrated E-commerce services     3,812,742       2,146,286  
    Fully managed e-commerce operation services     3,280,002       —  
    Digital marketing services     312,180       1,527,247  
    Others     220,560       619,039  
    Total revenues     10,289,681       12,733,339  
     

    Our breakdown of revenues by geographic areas for the years ended September 30, 2024, and 2023 is summarized below:

        For the Years Ended September 30,
     
        2024     2023
     
        USD     USD
     
    Japan     4,101,865       8,749,200  
    Hong Kong     3,612,126       1,987,182  
    China     2,575,690       1,996,957  
    Total revenues     10,289,681       12,733,339  
     

    Revenues from cross-border sales fell by USD 4.11 million, or 38.82%, from USD10.59 million in 2023 to USD6.48 million in 2024. Our Japanese subsidiary, EXTEND, accounted for USD 4.10 million or 39.86% of total revenues, but saw a 53.12% decline. This drop was primarily due to the yen’s depreciation, which increased prices and reduced consumer purchasing power for non-essential 3C electronic products. The decrease was also exacerbated by the depreciation of the Japanese yen against U.S. dollars. The average exchange rate also worsened, dropping from $1=¥138.93 in 2023 to $1=¥150.33 in 2024, respectively, resulting in a decrease of 8.20%.

    Revenues from integrated e-commerce services rose by USD1.67 million or 77.64%, from USD2.15 million to USD3.81 million, driven by a new fully managed e-commerce operation generating USD3.28 million.

    Revenues from digital marketing services dropped to USD0.31 million due to stricter Google incentive policies and a 40.76% decline in merchant numbers. To adapt, we are partnering with platforms like TikTok and Facebook while expanding our e-commerce services.

    Revenues from training, consulting, and TikTok agent services decreased by USD0.40 million or 64.37%, from USD 0.62 million to USD 0.22 million.

    Cost of Revenues

    Cost of revenues decreased by 43.68% from approximately USD10.87 million for the year ended September 30, 2023 to approximately USD6.12 million for the year ended September 30, 2024.

    Gross Profit

    Gross profit increased by approximately USD2.31 million, or 123.91%, from USD1.86 million for the year ended September 30, 2023 to USD4.17 million for the year ended September 30, 2024. The increase was primarily attributable by the new business fully managed e-commerce operation services with gross profit of USD2.94 million and gross profit margin of 89.62%. The high gross profit margin is mainly due to the low cost, which was mainly composed of the salaries of the operation personnel.

    Gross profit margin of cross-border sales increased from 7.82% for the year ended September 30, 2023 to 13.99% for the year ended September 30, 2024. The decrease was mainly due to that the depreciation of the Japanese yen has led to a rise in prices of goods in Japan.

    Gross profit margin of integrated e-commerce related services increased from 48.10% for the year ended September 30, 2023 to 85.52% for the year ended September 30, 2024. The increase was primarily attributable by the new business fully managed e-commerce operation services with gross profit of USD2.94 million and gross profit margin of 89.62%.

    Operating Expenses

    Operating expenses increased from USD2.43 million for the year ended September 30, 2023 to USD4.24 million for the year ended September 30, 2024, representing a year-on-year increase of 74.49%. This increase was primarily attributable to the increases in our general and administrative expenses, offsetting the decreases in selling and marketing expenses and research and development expenses.

    Other income/(expenses), net

    Other non-operating income increased from USD0.01 million for the year ended September 30, 2023 to USD0.02 million for the year ended September 30, 2024. Investment income increased by 2003.35% from USD2,119 for the year ended September 30, 2023 to approximately USD44,570 for the year ended September 30, 2024.

    Income taxes

    Income tax (expenses) /benefits decreased by USD0.65 million, from USD0.06 million of tax benefit for the year ended September 30, 2023 to USD0.59 million of tax expenses for the year ended September 30, 2024. This decrease was primarily attributable to net profit for the year ended September 30, 2024, and the valuation allowance for deferred tax assets.

    Net (loss)

    As a result of the foregoing, net loss decreased by USD0.21 million, or 32.69%, from USD0.65 million for the year ended September 30, 2023 to USD0.44 million for the year ended September 30, 2024.

    About Linkage Global Inc

    Linkage Global Inc is a holding company incorporated in the Cayman Islands with no operations of its own. Linkage Cayman conducts its operations through its operating subsidiaries in Japan, Hong Kong, and mainland China. As a cross-border e-commerce integrated services provider headquartered in Japan, through its operating subsidiaries, the Company has developed a comprehensive service system comprised of two lines of business complementary to each other, including (i) cross-border sales and (ii) integrated e-commerce services. For more information, please visit http://www.linkagecc.com.

    Safe Harbor Statement

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s annual reports on Form 20-F and other filings with the U.S. Securities and Exchange Commission.

    For more information, please contact:

    Investor Relations
    WFS Investor Relations Inc.
    Connie Kang, Partner
    Email: ckang@wealthfsllc.com

    Linkage Global Inc
    CONSOLIDATED BALANCE SHEETS
    AS OF SEPTEMBER 30, 2024 AND 2023
    (In U.S. dollars, except for share and per share data, or otherwise noted)
     
        As of September 30,  
        2024       2023  
        USD  
    ASSETS            
    Current assets            
    Cash and cash equivalents     2,000,732         1,107,480  
    Accounts receivable, net     6,302,696         2,011,047  
    Inventories, net     66,331         679,732  
    Deferred offering costs     —         1,076,253  
    Deposits paid to media platforms     482,650         3,717,773  
    Prepaid expenses and other current assets, net     2,689,581         1,053,687  
    Short-term loan to third party     410,000         —  
    Total current assets     11,951,990         9,645,972  
                     
    Non-current assets                
    Property and equipment, net     85,807         158,642  
    Deferred tax assets     —         149,129  
    Right-of-use assets, net     653,730         624,945  
    Other non-current assets     —         54,825  
    Total non-current assets     739,537         987,541  
    TOTAL ASSETS     12,691,527         10,633,513  
                     
    LIABILITIES AND SHAREHOLDERS’ EQUITY                
    Current liabilities                
    Accounts payable     624,723         1,142,667  
    Accrued expenses and other current liabilities     236,813         309,986  
    Short-term debts     32,810         —  
    Current portion of long-term debts     428,702         535,226  
    Contract liabilities     533,625         530,488  
    Amounts due to related parties     314,544         1,413,604  
    Lease liabilities – current     231,978         187,214  
    Convertible bonds     964,865         —  
    Income tax payable     1,017,619         581,235  
    Total current liabilities     4,385,679         4,700,420  
                     
    Non-current liabilities                
    Long-term debts     839,560         1,996,326  
    Lease liabilities – noncurrent     441,504         439,854  
    Total non-current liabilities     1,281,064         2,436,180  
    Total liabilities     5,666,743         7,136,600  
                     
    Commitments and contingencies (Note 22)                
                     
    Shareholders’ equity                
    Ordinary shares (par value of US$0.00025 per share; 200,000,000 ordinary shares authorized, 21,500,000 and 20,000,000 ordinary shares issued and outstanding as of September 30, 2024 and 2023, respectively) *     5,375         5,000  
    Additional paid in capital     5,591,596         1,549,913  
    Statutory reserve     11,348         11,348  
    Retained earnings     1,613,217         2,052,553  
    Accumulated other comprehensive loss     (196,752 )       (121,901 )
    Total shareholders’ equity     7,024,784         3,496,913  
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     12,691,527         10,633,513  
     
    Linkage Global Inc
    CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS)
    FOR THE YEARS ENDED SEPTEMBER 30, 2024, 2023 AND 2022
    (In U.S. dollars, except for share and per share data, or otherwise noted)
     
        For the years ended
    September 30,
     
        2024     2023     2022  
        USD  
    Revenues     10,289,681       12,733,339       22,028,303  
    Cost of revenues     (6,123,025 )     (10,872,484 )     (18,323,802 )
    Gross profit     4,166,656       1,860,855       3,704,501  
                             
    Operating expenses                        
    General and administrative expenses     (3,506,075 )      (1,373,695 )     (1,047,552 )
    Selling and marketing expenses     (434,856 )      (595,804 )     (812,062 )
    Research and development expenses     (302,280 )      (588,108 )     (628,350 )
    Gain from disposal of property and equipment     —       125,804       193,191  
    Total operating expenses     (4,243,211 )     (2,431,803 )     (2,294,773 )
    Operating (loss)/profit     (76,555 )      (570,948 )     1,409,728  
                             
    Other income/(expenses)                        
    Investment income     44,570       2,119       8,402  
    Impairment loss from equity investment     —       (60,046 )     —  
    Interest income/(expenses), net     160,685       (102,360 )     (79,455 )
    Other non-operating income     21,644       14,557       113,658  
    Total other income/(expenses), net     226,899       (145,730 )     42,605  
                             
    Income/(loss) before income taxes     150,344       (716,678 )     1,452,333  
    Income tax (provision)/ benefit     (589,680 )     63,950       (385,958 )
    Net (loss)/income     (439,336 )     (652,728 )     1,066,375  
                             
    Net (loss)/income     (439,336 )     (652,728 )     1,066,375  
    Other comprehensive income                        
    Foreign currency translation adjustment     (74,851 )     (15,524 )     (57,722 )
    Total comprehensive (loss) /income attributable to the Company’s ordinary shareholders     (514,187 )     (668,252 )     1,008,653  
                             
    Earnings per ordinary share attributable to ordinary shareholders                        
    Basic and Diluted*     (0.02 )     (0.03 )     0.05  
    Weighted average number of ordinary shares outstanding                        
    Basic and Diluted*     21,175,342       20,000,000       20,000,000  
    Linkage Global Inc
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    FOR THE YEARS ENDED SEPTEMBER 30, 2024, 2023 AND 2022
    (In U.S. dollars, except for share and per share data, or otherwise noted)
     
        For the years ended
    September 30,
     
        2024     2023     2022  
        USD  
    CASH FLOWS FROM OPERATING ACTIVITIES:                  
    Net (loss)/income     (439,336 )     (652,728 )     1,066,375  
                             
    Adjustments to reconcile net (loss)/income to net cash (used in) /provided by operating activities:                        
    Effect of exchange rate changes     (226,846 )     —       —  
    Allowance for credit loss     958,584       116,428       —  
    Depreciation and amortization     86,911       83,226       81,625  
    Amortization of lease right-of-use assets     224,451       180,464       —  
    Share of profit from long-term investment     —       (2,119 )     (8,402 )
    Disposal gain from property and equipment     —       (125,804 )     (193,191 )
    Inventory write-downs     11,858       19,981       21,282  
    Deferred tax expenses/(benefits)     148,239       (160,402 )     80,519  
    Long-term investment impairment     —       60,046       —  
    Changes in operating assets and liabilities:                        
    Accounts receivable, net     (5,023,387 )     36,738       (910,221 )
    Other non-current assets     —       —       (61,039 )
    Prepaid expenses and other current asset, net     1,870,567       (3,871,930 )     (520,377 )
    Inventories, net     601,543       (359,859 )     (78,455 )
    Accounts payable     (517,944 )     624,347       (11,703 )
    Contract liabilities     3,137       84,680       371,639  
    Accrued expenses and other current liabilities     (37,987 )     (25,816 )     152,448  
    Amounts due from related parties     —       34,552       (40,098 )
    Amounts due to related parties     446,469       139,772       946,379  
    Tax payable     436,384       113,597       272,148  
    Operating lease liabilities     (178,037 )     (178,341 )     —  
    Net cash (used in)/provided by operating activities     (1,635,394 )     (3,883,168 )     1,168,928  
                             
    Cash flow from investing activities                        
    Purchase of property and equipment     —       (12,137 )     (481,391 )
    Proceeds from disposal of property and equipment     —       1,745,094       1,265,217  
    Proceed from withdrawal of long-term investment     44,570       93,574       —  
    Provide short-term loan to third party     (410,000 )     —       —  
    Purchase of long-term investments     —       —       (40,098 )
    Net cash (used in)/provided by investing activities     (365,430 )     1,826,531       743,728  
                             
    Cash flow from financing activities                        
    Proceeds from issuance of Class A ordinary shares upon the completion of IPO     5,356,417       —       —  
    Proceeds from issuance of convertible bonds     999,957       —       —  
    Payment of service fees for convertible bonds     (351,000 )     —       —  
    Proceeds from short-term debts     133,044       —       160,391  
    Proceeds from long-term debts     —       1,238,592       1,167,861  
    Repayments of short-term debts     (101,778 )     (107,963 )     (280,692 )
    Repayments of long-term debts     (1,325,703 )     (1,918,181 )     (1,001,815 )
    Proceed of interest-free loan from related parties     3,031,467       —       —  
    Repayments of loans to a related party     (4,593,092 )     —       —  
    Capital contribution from shareholder     —       1,430,612       —  
    Payments for deferred offering costs     (273,287 )     (1,041,447 )     —  
    Net cash provided by/(used in) financing activities     2,876,025       (398,387 )     45,745  
    Effect of exchange rate changes     18,051       (123,887 )     (51,067 )
    Net change in cash and cash equivalents     893,252       (2,578,911 )     1,907,334  
    Cash and cash equivalents, beginning of the year     1,107,480       3,686,391       1,779,057  
    Cash and cash equivalents, end of the year     2,000,732       1,107,480       3,686,391  
                             
    Supplemental disclosures of cash flow information:                        
    Income tax paid     2,050       150,124       33,291  
    Interest expense paid     48,607       65,901       57,776  
                             
    Supplemental disclosures of non-cash activities:                        
    Obtaining right-of-use assets in exchange for operating lease liabilities     209,652       805,409       N/A  

    The MIL Network –

    January 25, 2025
  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Urges Stockholders of NARI, DFS, LBRDA, CCRN to Act Now

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) —

    Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • Inari Medical, Inc. (Nasdaq: NARI), relating to the proposed merger with Stryker. Under the terms of the agreement, Stryker will acquire all of the issued and outstanding shares of common stock of Inari Medical for $80 per share in cash.

    ACT NOW. The Tender Offer expires on February 18, 2025.

    Click here for more https://monteverdelaw.com/case/inari-medical-inc-nari/. It is free and there is no cost or obligation to you.

    • Discover Financial Services (NYSE: DFS), relating to its proposed merger with Capital One Financial Corp. Under the terms of the agreement, DFS shareholders are expected to receive 1.0192 shares of Capital One per share they own.

    ACT NOW. The Shareholder Vote is scheduled for February 18, 2025.

    Click here for more information: https://www.monteverdelaw.com/case/discover-financial-services. It is free and there is no cost or obligation to you.

    • Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK, LBRDP), relating to the proposed merger with Charter Communications, Inc. Under the terms of the agreement, Liberty Broadband common stockholders will receive 0.236 of a share of Charter common stock per share of Liberty Broadband common stock they own.

    ACT NOW. The Shareholder Vote is scheduled for February 26, 2025.

    Click here for more information https://monteverdelaw.com/case/liberty-broadband-corporation-lbrda-lbrdk-lbrdp/. It is free and there is no cost or obligation to you.

    • Cross Country Healthcare, Inc. (NASDAQ: CCRN), relating to the proposed merger with Aya Healthcare. Under the terms of the agreement, shares of Cross Country will be converted into the right to receive $18.61 in cash.

    ACT NOW. The Shareholder Vote is scheduled for February 28, 2025.

    Click here for more https://monteverdelaw.com/case/cross-country-healthcare-inc-ccrn/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (http://www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

    January 25, 2025
  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Urges Stockholders of NARI, DFS, LBRDA, CCRN to Act Now

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) —

    Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • Inari Medical, Inc. (Nasdaq: NARI), relating to the proposed merger with Stryker. Under the terms of the agreement, Stryker will acquire all of the issued and outstanding shares of common stock of Inari Medical for $80 per share in cash.

    ACT NOW. The Tender Offer expires on February 18, 2025.

    Click here for more https://monteverdelaw.com/case/inari-medical-inc-nari/. It is free and there is no cost or obligation to you.

    • Discover Financial Services (NYSE: DFS), relating to its proposed merger with Capital One Financial Corp. Under the terms of the agreement, DFS shareholders are expected to receive 1.0192 shares of Capital One per share they own.

    ACT NOW. The Shareholder Vote is scheduled for February 18, 2025.

    Click here for more information: https://www.monteverdelaw.com/case/discover-financial-services. It is free and there is no cost or obligation to you.

    • Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK, LBRDP), relating to the proposed merger with Charter Communications, Inc. Under the terms of the agreement, Liberty Broadband common stockholders will receive 0.236 of a share of Charter common stock per share of Liberty Broadband common stock they own.

    ACT NOW. The Shareholder Vote is scheduled for February 26, 2025.

    Click here for more information https://monteverdelaw.com/case/liberty-broadband-corporation-lbrda-lbrdk-lbrdp/. It is free and there is no cost or obligation to you.

    • Cross Country Healthcare, Inc. (NASDAQ: CCRN), relating to the proposed merger with Aya Healthcare. Under the terms of the agreement, shares of Cross Country will be converted into the right to receive $18.61 in cash.

    ACT NOW. The Shareholder Vote is scheduled for February 28, 2025.

    Click here for more https://monteverdelaw.com/case/cross-country-healthcare-inc-ccrn/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (http://www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

    January 25, 2025
  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Urges Shareholders of SASR, ROIC, ATSG, CTV to Act Now

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • Sandy Spring Bancorp, Inc. (NASDAQ: SASR), relating to a proposed merger with Atlantic Union Bankshares Corp. Under the terms of the agreement, all Sandy Spring shares will automatically be converted into the right to receive 0.900 Atlantic Union shares, and cash in lieu of fractional shares.

    ACT NOW. The Shareholder Vote is scheduled for February 5, 2025.

    Click here for more information https://monteverdelaw.com/case/sandy-spring-bancorp-inc/. It is free and there is no cost or obligation to you.

    • Retail Opportunity Investments Corp. (Nasdaq: ROIC), relating to its proposed merger with Blackstone. Under the terms of the agreement, Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction.

    ACT NOW. The Shareholder Vote is scheduled for February 7, 2025.

    Click here for more information https://monteverdelaw.com/case/retail-opportunity-investments-roic/. It is free and there is no cost or obligation to you.

    • Air Transport Services Group, Inc. (Nasdaq: ATSG), relating to a proposed merger with Stonepeak Nile Parent LLC. Under the terms of the agreement, Air Transport Services Group shareholders will receive $22.50 per share of Air Transport Services Group Common Stock they own.

    ACT NOW. The Shareholder Vote is scheduled for February 10, 2025.

    Click here for more information https://monteverdelaw.com/case/air-transport-services-group-inc-atsg/. It is free and there is no cost or obligation to you.

    • Innovid Corp. (NYSE: CTV), relating to the proposed merger with Mediaocean LLC. Under the terms of the agreement, Mediaocean will acquire Innovid at a price of $3.15 per share of common stock.

    ACT NOW. The Shareholder Vote is scheduled for February 11, 2025.

    Click here for more https://monteverdelaw.com/case/innovid-corp-ctv/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (http://www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

    January 25, 2025
  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Urges Shareholders of SASR, ROIC, ATSG, CTV to Act Now

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • Sandy Spring Bancorp, Inc. (NASDAQ: SASR), relating to a proposed merger with Atlantic Union Bankshares Corp. Under the terms of the agreement, all Sandy Spring shares will automatically be converted into the right to receive 0.900 Atlantic Union shares, and cash in lieu of fractional shares.

    ACT NOW. The Shareholder Vote is scheduled for February 5, 2025.

    Click here for more information https://monteverdelaw.com/case/sandy-spring-bancorp-inc/. It is free and there is no cost or obligation to you.

    • Retail Opportunity Investments Corp. (Nasdaq: ROIC), relating to its proposed merger with Blackstone. Under the terms of the agreement, Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction.

    ACT NOW. The Shareholder Vote is scheduled for February 7, 2025.

    Click here for more information https://monteverdelaw.com/case/retail-opportunity-investments-roic/. It is free and there is no cost or obligation to you.

    • Air Transport Services Group, Inc. (Nasdaq: ATSG), relating to a proposed merger with Stonepeak Nile Parent LLC. Under the terms of the agreement, Air Transport Services Group shareholders will receive $22.50 per share of Air Transport Services Group Common Stock they own.

    ACT NOW. The Shareholder Vote is scheduled for February 10, 2025.

    Click here for more information https://monteverdelaw.com/case/air-transport-services-group-inc-atsg/. It is free and there is no cost or obligation to you.

    • Innovid Corp. (NYSE: CTV), relating to the proposed merger with Mediaocean LLC. Under the terms of the agreement, Mediaocean will acquire Innovid at a price of $3.15 per share of common stock.

    ACT NOW. The Shareholder Vote is scheduled for February 11, 2025.

    Click here for more https://monteverdelaw.com/case/innovid-corp-ctv/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (http://www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

    January 25, 2025
  • MIL-OSI Security: Australian Secretary of the Department of Defence visits U.S. Indo-Pacific Command

    Source: United States INDO PACIFIC COMMAND

    Adm. Samuel J. Paparo, commander of U.S. Indo-Pacific Command, meets with Australian Secretary of the Department of Defence Greg Moriarty at USINDOPACOM headquarters on Camp H.M. Smith in Hawaii, Jan. 21, 2025.

    The U.S. and Australia share an unbreakable alliance and a partnership focused on mutual strategic interests supporting stability, prosperity, and peace in the Indo-Pacific region and beyond.

    USINDOPACOM is committed to enhancing stability by promoting security cooperation, encouraging peaceful development, responding to contingencies, deterring aggression and, when necessary, fighting to win.

    -30-

    MIL Security OSI –

    January 25, 2025
  • MIL-OSI United Kingdom: Emotions and the law under the spotlight in new research project Understanding where emotions have received legal attention and the reasons behind it is the focus of a new research project involving the School of Law.

    Source: University of Aberdeen

    Photo credit: Katrin BolovstovaUnderstanding where emotions have received legal attention and the reasons behind it is the focus of a new research project involving the School of Law.
    ‘A History of Hurt Feelings and the Law’ will explore when, why and in what contexts people have sought legal redress for injured feelings from the 1750s through to the modern day.
    The four-year study will focus on Scotland, a small jurisdiction with a long and rich history of compensating for hurt feelings. It will combine approaches from law, history of emotions, medical history and legal history, charting how injured feelings have been identified, defined and addressed by courts.
    Dr Alice Krzanich, along with lead investigator Professor Chloë Kennedy at the University of Edinburgh and Professor Katie Barclay from Macquarie University, Australia, will work on the project following a £372,000 funding grant from the Leverhulme Trust.
    The project will explore how socially and culturally-informed ideas of selfhood, wellbeing, dignity and respect have shaped legal processes and examine how class, race and gender have affected litigation and legal decision making.
    “I am hugely excited to be undertaking this project”, says Dr Krzanich. “In law, we often focus on pecuniary remedies and the financial cost of illegal or offensive behaviour. This project though is a chance to consider how the law responds – both now and historically – to more intangible harm in the form of grief, stress, heartbreak, fright or anger. It will thus make an important contribution to the rich and ever evolving field of law and emotions.”
    The project will start in May this year and the team will include a Post-doctoral Research Fellow.

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI Asia-Pac: Special traffic arrangements during Lunar New Year

    Source: Hong Kong Government special administrative region

      Police will implement special traffic arrangements in various districts to facilitate the public to celebrate the festive season.

    Hong Kong Island
    —————-

         The following arrangements will be implemented by phases on January 28, until the roads are safe for re-opening:

    A.    Road closure

         The following roads will be closed:

    From 4pm to 7am of the following day:

    – Sugar Street; and
    – Northbound Gloucester Road between Causeway Road and Great George Street.

    From 7.30pm to 7am of the following day:

    – Great George Street between Paterson Street and Gloucester Road;
    – Kingston Street;
    – Paterson Street; and
    – Cleveland Street.

         Depending on traffic and crowd conditions, the road closure area may be extended from 8pm to the following roads:

    – Southbound Gloucester Road between Cleveland Street and Causeway Road;
    – Northbound Gloucester Road between Gloucester Road Flyover and Victoria Park Road;
    – Hing Fat Street between Causeway Road and Lau Li Street, except for franchised buses and green minibuses (GMB);
    – Electric Road between Yacht Street and Hing Fat Street;
    – Eastbound Hennessy Road between Percival Street and Yee Wo Street, eastbound Yee Wo Street between Hennessy Road and Causeway Road, eastbound Causeway Road between Yee Wo Street and Tung Lo Wan Road, and westbound Causeway Road between Tung Lo Wan Road and Moreton Terrace, except for franchised buses, GMB and trams.

    B.    Pedestrian precincts

         The following road sections will be designated as pedestrian precinct from noon on January 28 to 7am of the following day:

    – Lockhart Road between Cannon Street and East Point Road;
    – East Point Road; and
    – Great George Street between East Point Road and Paterson Street.

    C.    Prohibition to learner drivers
     
         Learner drivers cannot use the following roads from 4pm on January 28 to 8am of the following day:

    – Leighton Road;
    – Tin Lok Lane;
    – Caroline Hill Road;
    – Eastern Hospital Road;
    – Tai Hang Road north of Lai Tak Tsuen Road;
    – Tung Lo Wan Road;
    – Electric Road south of Gordon Road;
    – Morrison Hill Road north of Queen’s Road East;
    – Hennessy Road;
    – Yee Wo Street;
    – Causeway Road;
    – King’s Road;
    – Gloucester Road Service Road;
    – Hing Fat Street;
    – Westbound Tin Hau Temple Road west of Cloud View Road; and
    – Eastbound Wan Chai Road.

    D.    Suspension of parking spaces and car parks

    – All on-street parking spaces on Lau Li Street between Hing Fat Street and Ngan Mok Street and disabled parking spaces on northbound Gloucester Road near Sugar Street will be suspended from 8am on January 28 to 7am of the following day;
    – All on-street parking spaces on Tung Lo Wan Road will be suspended from 8pm on January 28 to 7am of the following day; and
    – All parking spaces at Hing Fat Street Public Car Park will be suspended from 8am on January 28 to 7am of the following day.

         All car parks within the above closed road areas will be suspended and vehicles will not be allowed to enter or exit the car parks, until the roads are safe for re-opening.

    E.    Suspension of public transport interchange

         Tin Hau Station Public Transport Interchange will be suspended from 6pm on January 28.

    Kowloon
    ——–

    (1)    Wong Tai Sin Temple

         The following arrangements will be implemented from 6pm on January 28 to 7pm on January 29, from 7am to 7pm daily from January 30 to February 3, and from February 8 to February 9 to facilitate traffic and crowd control at Wong Tai Sin Temple during Lunar New Year:

    A.    Road closure

         The following roads will be closed:

    – Shatin Pass Road between Lung Cheung Road and Fung Tak Road, except for GMBs and designated vehicles; and
    – The unnamed road connecting Wong Tai Sin Temple and Wong Tai Sin Road, except for designated vehicles.

    B.    Traffic control

         All vehicles will be prohibited from parking or waiting at Wong Tai Sin Road (both directions) between Shatin Pass Road and Nga Chuk Street.

    (2)    Cheung Sha Wan

         All metered parking spaces in Hang Cheung Street will be suspended from 8am on January 26 to 7am on January 29.

         All vehicles will be prohibited from parking or waiting on Fortune Street, Hang Cheung Street and Fat Tseung Street from 10am on January 26 to 7am on January 29, except for picking up/setting off passengers and loading/unloading goods.

    (3)    Sham Shui Po Kwan Tai Temple

         Depending on traffic and crowd conditions, the following arrangements will be implemented from 11am to noon on January 30:

    A.    Road closure

         The following roads will be intermittently closed:

    – Wong Chuk Street between Yu Chau Street and Cheung Sha Wan Road;
    – Apliu Street between Nam Cheong Street and Wong Chuk Street;
    – Southbound Nam Cheong Street between Cheung Sha Wan Road and Hai Tan Street;
    – Hai Tan Street between Nam Cheong Street and Boundary Street;
    – Yee Kuk Street between Boundary Street and Shek Kip Mei Street; and
    – Shek Kip Mei Street between Yee Kuk Street and Apliu Street.

    B.    Traffic diversions

         Vehicles heading for southbound Nam Cheong Street and southbound Shek Kip Mei Street will be diverted via southbound Yen Chow Street and eastbound Lai Chi Kok Road.

    (4)    Mong Kok Fa Hui Park

    A.    Road closure

         The third lane of southbound Tai Hang Tung Road between Tat Chee Avenue and Boundary Street will be closed from 9am on January 23 to 8am on January 29.

    B.    Suspension of parking spaces

         The following parking spaces will be suspended from 8am on January 26 to 8am on January 29:

    – Metered parking spaces on Tong Yam Street (meter no. 9607 and 9608);
    – All metered and motorcycle parking spaces on Duke Street between Embankment Road and Knight Street;
    – All motorcycle parking spaces on Knight Street near its junction with Duke Street;
    – Metered parking space on Belfran Road (meter no. 13413); and
    – All metered parking spaces on Lincoln Road between Cumberland Road and Waterloo Road.

    (5)    Kwun Tong Recreation Ground

    A.    Road closure

         Kai Lim Road will be closed from 8pm on January 26 to 2am of the following day, from 3pm on January 27 to 2am of the following day, and from 3pm on January 28 to 4am of the following day.

         Fuk Ning Road and Fuk Tong Road will be closed from 3pm on January 27 to 2am of the following day, and from 3pm on January 28 to 4am of the following day.

    B.    Suspension of parking spaces

         The metered parking spaces, motorcycle parking spaces and disabled parking space on Kai Lim Road will be suspended from 8am on January 26 to 4am on January 29.

    (6)    Kwun Tong Hoi Bun Road

         The following parking spaces will be suspended from noon on January 30 to 1am of the following day:

    – All metered parking spaces on Hoi Bun Road;
    – Two disabled parking spaces on eastbound Hoi Bun Road near Hoi Bun Road Park; and
    – Ten motorcycle parking spaces on westbound Hoi Bun Road near Kwun Tong Promenade.

    New Territories
    —————

    (1)    Tsuen Wan

    A.    Road closure

         The following roads will be closed daily from 3pm to 5am of the following day on January 27 and January 28:

    – Kai Hong Close;
    – Kai Chi Close;
    – Hoi Pa Street between its junction with Lo Tak Court and Tai Ho Road.

    B.    Suspension of parking spaces

         The motorcycle parking spaces at Kai Hong Close will be suspended daily from 3pm to 5am of the following day on January 27 and January 28.

    (2)    Sheung Shui

    A.    Pedestrian precincts

        The following road sections will be designated as pedestrian precincts from 11am to 7pm daily on January 27 and January 28, during which all vehicles will be prohibited, except for vehicles with permit:

    – San Kung Street; and
    – San Hong Street between Tsun Fu Street and Fu Hing Street.

    B.    Road closure

        To facilitate the Lunar New Year Fair at Shek Wu Hui in Sheung Shui, the following roads will be closed from 6pm on January 28 to 4am of the following day, except for vehicles with permit:

    – San Lok Street, except for access to Pearl Vista;
    – San Tsoi Street; and
    – Fu Hing Street between San Hong Street and San Tsoi Street.

    C.    Suspension of parking spaces

    – The metered parking spaces (meter no. 25343A/B, 25342 A/B, 25341A and 25344B) at San Hong Street will be suspended from 11am to 7pm daily on January 27 and January 28; and
    – The motorcycle parking spaces on San Lok Street will be suspended from 6pm on January 28 to 4am of the following day.

    (3)    Tuen Mun

    A.    Road closure

         The following roads will be intermittently closed from 6pm to 2am of the following day on January 27, and 6pm to 7am of the following day on January 28, except for vehicles with permit:

    – Tin Hau Road;
    – San Hop Lane;
    – Hung Cheung Road from its junction with Tin Hau Road to its southern junction with San Ping Circuit;
    – Southbound Hung Cheung Road between its northern and southern junction with San Ping Circuit;
    – San On Street from its southern junction with Hung Cheung Road to a point about 50 metres north of the same junction; and
    – Hing Wong Street from its junction with Hung Cheung Road to a point about 50 metres north of the same junction.

    B.    Cycle track closure

         The cycle track along the western riverside of Tuen Mun River Channel between Pui To Road and Yau Oi Bridge will be closed from 6pm to 2am of the following day on January 27, and 6pm to 7am of the following day on January 28.

    C.    Traffic diversions

         The following traffic diversions will be intermittently implemented from 6pm to 2am of the following day on January 27, and 6pm to 7am of the following day on January 28, except for vehicles with permit:

    – Traffic along Yip Wong Road cannot turn to northbound Tin Hau Road;
    – Traffic along southbound Tin Hau Road cannot turn to Hung Cheung Road; and
    – Hung Cheung Road between its northern and southern junction with San Ping Circuit will be re-routed one-way northbound.

    D.    Suspension of parking spaces

         The overnight on-street parking spaces on the following roads will be suspended from 6pm to 2am of the following day on January 27, and 6pm to 7am of the
    following day on January 28, except for vehicles with permit:

    – Tin Hau Road; and
    – Hung Cheung Road from its junction with Tin Hau Road to its southern junction with San Ping Circuit.

    (4) Kwai Tsing

         The metered parking spaces and disabled parking spaces on Ko Fong Street will be suspended from 2pm on January 28 to 8am on January 29.

    (5)    Tai Po

         The cycle track on Ting Kok Road between Ting Tai Road and On Chee Road will be closed from 6pm on January 28 to 6am on January 29.

    (6)    Sha Tin

         The following traffic diversions will be implemented daily from 5pm to 1am of the following day on January 27 and January 28, except for vehicles with permit:

    – Fung Shun Street between Wo Che Street and Tak Hau Street will be re-routed one-way northbound. Vehicles will be diverted via eastbound Tak Hau Street, southbound Yuen Wo Road and westbound Wo Che Street; and
    – Traffic along Tak Hau Street cannot go straight to Sha Tin Sports Ground Car Park.

    (7) Tseung Kwan O

         The parking spaces on Wan Lung Road will be suspended from 7am on January 28 to 7am on January 29.

         A temporary vehicle pick-up and drop-off point will be set up at Hok Lam Lane from 7am on January 28 to 7am on January 29.

         Police will continue to enforce traffic regulations during the Lunar New Year period. All vehicles parked illegally during the implementation of the above special traffic arrangements will be towed away without prior warning, and may be subject to multiple ticketing.  

         Police will implement the above arrangements depending on the traffic and crowd conditions in the areas. Members of the public are advised to exercise tolerance and patience and take heed of instructions of the Police on site.

    MIL OSI Asia Pacific News –

    January 25, 2025
  • MIL-OSI China: Global sci-fi writers celebrate Chinese New Year with original stories

    Source: China State Council Information Office 3

    Sci-fi writers from various countries will debut original stories themed around the number “10” at the 2025 Science Fiction New Year Gala, which will celebrate the upcoming Chinese New Year.

    A poster for the 2025 Science Fiction New Year Gala. [Image courtesy of the Future Affairs Administration]

    This year marks the 10th anniversary of the gala, and the theme of “10” was selected to reflect this milestone, according to the Future Affairs Administration, the event’s organizer and a company dedicated to producing and promoting sci-fi works while supporting new writers in China.

    This year is significant as it is the first since UNESCO added the Spring Festival – a traditional celebration of the Chinese New Year – to its Representative List of Intangible Cultural Heritage last December.

    The number 10 is significant for numerous reasons. The organizers point out that both Eastern and Western cultures embrace the ouroboros – a symbol of a serpent eating its own tail that aligns with China’s Year of the Snake in the Chinese Zodiac – suggesting that the number 10 signifies the end of one chapter and the beginning of another. Additionally, in decimal notation, 10 is seen as a node, while in binary, the numbers 1 and 0 represent foundational elements of code. The organizers also note that visually, the number 10 resembles a person standing before a stargate, poised to embark on a new journey.

    Twelve authors from four countries have submitted works inspired by the theme of “10.” These stories will be published daily from Jan. 24 to Feb. 4 on new media platforms operated by the Future Affairs Administration, including Xiaohongshu, WeChat, Weibo and Bilibili.

    The participating writers include China’s Han Song, Yang Ping, Jiang Bo, and Cheng Jingbo, as well as Canada’s Derek Künsken and Jiang Ai, Australia’s Samantha Murray and Japan’s Taiyo Fujii. They are a mix of award-winning authors and emerging stars in the global sci-fi literary scene.

    A tribute video is also being produced to commemorate the anniversary of the Science Fiction New Year Gala. Nearly 50 writers, artists, scholars, translators, readers, fans, critics and gala participants will share their memories and congratulations in the video.

    Over the past 10 years, the Science Fiction New Year Gala has invited 63 sci-fi authors from 10 countries across five continents to contribute to 145 novels, amassing an impressive 500 million views within the Chinese sci-fi community. The stories created for the event have garnered multiple awards both domestically and internationally, appearing in multilingual sci-fi collections and top magazines such as Clarkesworld, Asimov’s Science Fiction, and Lightspeed. Additionally, more than 10 artists have produced over 70 pieces of visual art, while 25 podcasts have collectively featured over 70 hours of programming. More than 150 partners have also given readers Chinese New Year gifts and benefits valued at over 170,000 yuan ($23,300).

    The writings showcased at the gala include sci-fi stories that explore themes such as homeward journeys reflecting the Chinese tradition of family reunions, reimaginings of China’s extensive transportation system, and various social issues. Some stories draw inspiration from the Chinese dragon, a mythical and auspicious creature in Chinese legend and the Zodiac.

    The gala also promotes cultural exchanges, allowing foreign writers to share their perspectives on China while gaining deeper insights into the emotions and experiences of the Chinese people.

    “Why are we celebrating Chinese New Year with sci-fi literature? This idea may seem crazy, but we believe that through sci-fi – a genre that expands human emotions – the atmosphere of the year will become richer between the lines and words,” said Ji Shaoting, founder and CEO of the Future Affairs Administration.

    Ji emphasized the challenge of maintaining focus on one project for 10 years. “The pain involved in pursuing what you love might be the most bearable. Ten years ago, we hoped this could become a fresh New Year tradition for our sci-fi enthusiasts. Perhaps we have achieved that now. However, the road ahead is still long, and we hope that one day everyone will recognize how deeply sci-fi is woven into life and into our very essence,” she said.

    MIL OSI China News –

    January 25, 2025
  • MIL-OSI United Kingdom: Supermarket closed for persistent sale of illegal tobacco

    Source: City of Coventry

    A Coventry store has been ordered to close its doors for three months.

    A Coventry store has been ordered to close its doors for three months, after a Council investigation discovered Saad Supermarket (which previously traded as Victoria Mini Market) on Primrose Hill Street, Coventry, persistently sold illegal tobacco and vaping products, as well as selling these items to persons under 18.

    Costs of £4,974.26 were awarded to the Council, to be equally split between both the operator of the business and the landlord of the premises.

    The Council’s Trading Standards and Legal teams applied to Coventry Magistrates Court for a Closure Order, which was granted on Wednesday 15 January 2025 under the Anti-Social Behaviour, Crime and Policing Act 2014.

    The store has been ordered to close completely for three months and no-one is allowed to access or remain on the premises.

    The Closure Order will remain in force until midnight on Tuesday 15 April 2025.

    Those found to breach the Order may be imprisoned, fined or both.

    The Court heard that despite warnings, there were continued sales of illicit products from the shop, as well as the sale of such to minors. Due to its proximity to a local school, this was a clear risk to the safety of the community and robust enforcement action was required.

    Cllr Abdul Salam Khan, Deputy Council Leader, said: “Our trading standards and legal teams once again have taken the necessary action against businesses who ignore the law”.

    “It’s important that we publicise this work because it will not be tolerated both by the Council or the police. In this case there was an added concern about the school being so close”.

    “It’s a warning to any other businesses and I’d encourage any residents, who have similar concerns about local shops they suspect may be selling illegal vapes and tobacco and also selling to people under age, to contact us.”  

    The sale of illegal tobacco and vaping products has a detrimental effect on legitimate local businesses and also contributes to anti-social behaviour in the community.

    It can also support organised crime, which may also be linked to modern-day slavery, human trafficking, and other serious criminality. Illegal tobacco and vaping products also present a serious public health issue with very high levels of tar, nicotine and other toxic chemicals. The lower prices at which these items can be sold also encourage children to start smoking or vaping.

    Lord Michael Bichard, Chair of National Trading Standards, said: “The trade in illegal tobacco harms local communities and affects honest businesses operating within the law. Having removed 46 million illegal cigarettes, 12,600kg of hand-rolling tobacco and almost 175kg of shisha products from sale, Operation CeCe – the National Trading Standards initiative in partnership with HMRC – continues to successfully disrupt this illicit trade.”

    Coventry Trading Standards will use all available powers to protect the local community and legitimate businesses.

    We need information from the public to help us with issues like this. Information we receive about where and when this type of activity is happening will help us build an intelligence picture and enable us to act where necessary.

    If you are concerned about similar activity happening where you live, you can send us an anonymous report – please search ‘Coventry Trading Standards’ and use the online reporting form, or find the anonymous form on the Council’s website.

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI Canada: Government of Yukon issues special warrant to meet critical funding needs

    Government of Yukon issues special warrant to meet critical funding needs
    jlutz
    January 23, 2025 – 2:15 pm

    The Government of Yukon has issued a special warrant to ensure that essential government programs and operations can continue without disruption until the Supplementary Estimates No. 2 for the 2024–25 fiscal year can be introduced and debated in the Yukon Legislative Assembly.

    The special warrant provides budgetary authorization for up to $70.2 million in additional government spending for the 2024–25 fiscal year. These funds address urgent and immediate requirements across key departments.

    The Special Warrant (No. 1) 2024–25 has been issued as an Order-in-Council under the Financial Administration Act. This funding ensures that the departments of Energy, Mines and Resources, Highways and Public Works and Community Services have the financial resources to continue delivering on their mandates.

    Specific funding included in this special warrant is as follows:

    • $51.8 million in operations and maintenance funding in the Department of Energy, Mines and Resources to ensure that the department can continue to deliver on major commitments during this fiscal year. This includes payments included as part of the loan to the Receiver for Victoria Gold.
    • $10 million in capital funding in the Department of Community Services to ensure that the department can continue to advance land-development work, which has seen higher-than-expected productivity across the construction sector this fiscal year.
    • $8.4 million in operations and maintenance for the Department of Highways and Public Works. This funding is essential to maintaining service levels and ensuring the safe, reliable operation of the Yukon’s transportation infrastructure and government-owned buildings. It will help cover rising utility costs and sustain key services for roads and highways following landslides and washouts earlier this year, as well as other critical infrastructure that supports the territory’s transportation network.

    MIL OSI Canada News –

    January 25, 2025
  • MIL-OSI: Apollo Commercial Real Estate Finance, Inc. Announces 2024 Dividend Income Tax Treatment

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) — Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced the estimated federal income tax treatment of the Company’s 2024 distributions on its common stock (CUSIP #03762U105) and its 7.25% Series B-1 Cumulative Redeemable Perpetual Preferred Stock.

    The federal income tax classification of the 2024 distributions on the Company’s common stock as it is expected to be reported on Form 1099-DIV is set forth in the following table ($ per share):

    Record Date Payable Date Total Distribution Per Share Ordinary Dividend Qualified Dividend Non-dividend Distribution Section 199A Dividend(1)
    12/29/2023 01/12/2024 $0.35000 $0.151978 $0.009218 $0.198022 $0.142760
    03/28/2024 04/15/2024 $0.35000 $0.151978 $0.009218 $0.198022 $0.142760
    06/28/2024 07/15/2024 $0.35000 $0.151978 $0.009218 $0.198022 $0.142760
    09/30/2024 10/15/2024 $0.25000 $0.108555 $0.006584 $0.141445 $0.101971

    (1) May be eligible for a 20% deduction under Section 199A of the Internal Revenue Code of 1986, as amended (the “IRC”). Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company’s distributions.

    The federal income tax classification of the 2024 distributions on the Company’s 7.25% Series B-1 Cumulative Redeemable Perpetual Preferred Stock as it is expected to be reported on Form 1099-DIV is set forth in the following table ($ per share):

    Record Date Payable Date Total Distribution Per Share Ordinary Dividend Qualified Dividend Non-dividend Distribution Section 199A Dividend
    03/28/2024 04/15/2024 $0.453125 $0.453125 $0.027483 – $0.425642
    06/28/2024 07/15/2024 $0.453125 $0.453125 $0.027483 – $0.425642
    09/30/2024 10/15/2024 $0.453125 $0.453125 $0.027483 – $0.425642
                 

    Pursuant to Section 857(b)(9) of the IRC, cash distributions made on January 15, 2025, with a record date of December 31, 2024, are treated as received by stockholders on December 31, 2024 to the extent of 2024 earnings and profits. As the Company’s aggregate 2024 cash distributions exceeded its 2024 earnings and profits, the January 2025 cash distributions declared in December 2024 are treated as 2025 distributions for federal income tax purposes and are not included on the 2024 Form 1099-DIV.

    Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company’s distributions.

    About Apollo Commercial Real Estate Finance, Inc.
    Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. The Company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, Inc., a high-growth, global alternative asset manager with approximately $733 billion of assets under management as of September 30, 2024.

    Additional information can be found on the Company’s website at http://www.apollocref.com. Please note that our URL address has changed.

    Forward-Looking Statements
    Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company’s control. These forward-looking statements include information about possible or assumed future results of the Company’s business, financial condition, liquidity, results of operations, plans and objectives. When used in this release, the words believe, expect, anticipate, estimate, plan, continue, intend, should, may or similar expressions, are intended to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking: high interest rates and inflation; market trends in the Company’s industry, real estate values, the debt securities markets or the general economy; the timing and amounts of expected future fundings of unfunded commitments; the return on equity; the yield on investments; the ability to borrow to finance assets; the Company’s ability to deploy the proceeds of its capital raises or acquire its target assets; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. For a further list and description of such risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission. The forward-looking statements, and other risks, uncertainties and factors are based on the Company’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company. Forward-looking statements are not predictions of future events. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    CONTACT:     Hilary Ginsberg
    Investor Relations
    (212) 822-0767
         

    The MIL Network –

    January 25, 2025
  • MIL-OSI USA: Harrisburg University, Auditor General DeFoor, Members 1st Federal Credit Union to Launch 12th Annual Student Financial Literacy Scholarship Competition

    Source: US State of Pennsylvania

    January 24, 2025 – Harrisburg, PA

    ADVISORY – Harrisburg University, Auditor General DeFoor, Members 1st Federal Credit Union to Launch 12th Annual Student Financial Literacy Scholarship Competition


    What: Harrisburg University of Science and Technology (HU) Interim President, David Schankweiler; Pennsylvania Auditor General, Timothy L. DeFoor; and Members 1st Federal Credit Union Assistant Vice President of Community Relations, Sara Firestone, will announce the launch of a student scholarship competition aimed at increasing financial literacy in Pennsylvania. The student competition will give six Pennsylvania students a chance to win cash prizes from Harrisburg University, as well as a scholarship if and when they enroll at HU.

    When:
    Friday, January 24, 2025, 10:00 AM

    Where:
    Harrisburg University of Science and Technology Auditorium, 14th Floor
    326 Market Street
    Harrisburg, PA 17101

    MEDIA CONTACT
    April Hutcheson – Pennsylvania Department of the Auditor General: 717.787.1381 or News@PAAuditor.gov
    Jessica Warren – Harrisburg University: 717.901.5159 or JWarren2@HarrisburgU.edu
    Sara Weiser – Members 1st Federal Credit Union: 717.678.8683 or WeiserS@Members1st.org

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI: Key Tronic Corporation Announces Preliminary Results for the Second Quarter of Fiscal Year 2025

    Source: GlobeNewswire (MIL-OSI)

    SPOKANE VALLEY, Wash., Jan. 24, 2025 (GLOBE NEWSWIRE) — Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its preliminary results for the second quarter of fiscal year 2025 ending December 28, 2024.

    For the second quarter of fiscal year 2025, Key Tronic anticipates reporting revenue of approximately $114 million, and a net loss of approximately $0.40-$0.48 per share, both of which are below previous guidance. The lower than anticipated revenue and earnings for the second quarter of fiscal year 2025 are primarily due to the impact from unexpected component shortages, lower-than-expected production during the holiday season, and reduced demand from certain customers which together lowered revenue by approximately $15 million for the quarter. As previously announced, the Company also expects to report approximately $1.0 million in write-offs of unamortized loan fees related to refinancing its debt with a new lender.

    Key Tronic expects revenue and earnings to recover in the third quarter of fiscal year 2025 as strategic initiatives undertaken in previous quarters come to fruition. The Company is actively streamlining its international and domestic operations, with further headcount reductions to enhance efficiency, building on similar actions announced in the third quarter of fiscal year 2024. At the same time, Key Tronic continues to win new programs involving aerospace systems and energy resiliency technology products, which was announced in a separate press release on January 24, 2025, and has reduced inventories to be more in line with current revenue levels.

    For the third quarter of 2025, the Company expects to report revenue in the range of $115 million to $130 million and earnings in the range of $0.00 to $0.15 per diluted share.

    The revenue and earnings estimates for the second and third quarters of fiscal 2025, and the finalization of financial results for the second quarter of 2025, are subject to completion of the Company’s quarterly close and review procedures which are still ongoing. The Company plans to report its complete results and host its earnings conference call for the second quarter of fiscal 2025 on February 4, 2025. Details for the conference call have been announced in a separate press release.

    About Key Tronic

    Key Tronic is a leading contract manufacturer offering value-added design and manufacturing services from its facilities in the United States, Mexico, China and Vietnam. The Company provides its customers full engineering services, materials management, worldwide manufacturing facilities, assembly services, in-house testing, and worldwide distribution. Its customers include some of the world’s leading original equipment manufacturers. For more information about Key Tronic visit: http://www.keytronic.com.

    Forward-Looking Statements

    Some of the statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to those including such words as aims, anticipates, believes, continues, estimates, expects, hopes, intends, plans, predicts, projects, targets, will, or would, similar verbs, or nouns corresponding to such verbs, which may be forward looking. Forward-looking statements also include other passages that are relevant to expected future events, performances, and actions or that can only be fully evaluated by events that will occur in the future. Forward-looking statements in this release include, without limitation, the Company’s statements regarding its expectations with respect to financial conditions and results, including revenue and earnings, cost savings from headcount reduction and the Mexican Peso exchange rate, demand for certain products and the effectiveness of some of its programs, business from customers and programs, and impacts from operational streamlining and efficiencies, including reductions in inventories. There are many factors, risks and uncertainties that could cause actual results to differ materially from those predicted or projected in forward-looking statements, including but not limited to: the future of the global economic environment and its impact on our customers and suppliers; the availability of components from the supply chain; the availability of a healthy workforce; the accuracy of suppliers’ and customers’ forecasts; development and success of customers’ programs and products; timing and effectiveness of ramping of new programs; success of new-product introductions; the risk of legal proceedings or governmental investigations relating to the previously reported financial statement restatements and related material weaknesses, the May 2024 cybersecurity incident and the subject of the internal investigation by the Company’s Audit Committee and related or other unrelated matters; acquisitions or divestitures of operations or facilities; technology advances; changes in pricing policies by the Company, its competitors, customers or suppliers; impact of new governmental legislation and regulation, including tax reform, tariffs and related activities, such trade negotiations and other risks; and other factors, risks, and uncertainties detailed from time to time in the Company’s SEC filings.

         
    CONTACTS: Anthony G. Voorhees Michael Newman
      Chief Financial Officer Investor Relations
      Key Tronic Corporation StreetConnect
      (509) 927-5345 (206) 729-3625

    The MIL Network –

    January 25, 2025
  • MIL-OSI: Key Tronic Corporation Announces Second Quarter Reporting Date

    Source: GlobeNewswire (MIL-OSI)

    SPOKANE VALLEY, Wash., Jan. 24, 2025 (GLOBE NEWSWIRE) — Key Tronic Corporation (Nasdaq: KTCC), announced today that it plans to report its results for the second quarter of fiscal 2025 after market close on February 4, 2025.

    Key Tronic will host a conference call to discuss its financial results at 2:00 PM Pacific (5:00 PM Eastern) on February 4, 2025. A broadcast of the conference call will be available at http://www.keytronic.com under “Investor Relations” or by calling 888-394-8218 or +1-313-209-4906 (Access Code: 2254355). A replay will be available at http://www.keytronic.com under “Investor Relations”.

    About Key Tronic

    Key Tronic is a leading contract manufacturer offering value-added design and manufacturing services from its facilities in the United States, Mexico, China and Vietnam. The Company provides its customers full engineering services, materials management, worldwide manufacturing facilities, assembly services, in-house testing, and worldwide distribution. Its customers include some of the world’s leading original equipment manufacturers. For more information about Key Tronic visit: http://www.keytronic.com.

    CONTACTS: Anthony G. Voorhees Michael Newman
      Chief Financial Officer Investor Relations
      Key Tronic Corporation StreetConnect
      (509) 927-5345 (206) 729-3625

    The MIL Network –

    January 25, 2025
  • MIL-OSI: Key Tronic Corporation Awarded Major New Contract with Energy Resilience Technology Provider

    Source: GlobeNewswire (MIL-OSI)

    SPOKANE VALLEY, Wash., Jan. 24, 2025 (GLOBE NEWSWIRE) — Key Tronic Corporation (Nasdaq KTCC), a world class provider of manufacturing and design engineering services, today announced that it expects to begin manufacturing in the second half of 2025 for a market revolutionizing, innovative energy resilience technology provider.   

    Key Tronic has been awarded the manufacturing of an industry leading, innovative energy resiliency product. Initial production will ramp in late 2025 at the Key Tronic manufacturing campuses in Juarez, Mexico and Arkansas. Once fully ramped, Key Tronic believes the yearly revenue could exceed $60 million dollars.

    “We are looking forward to the design and manufacturing expertise of Key Tronic to help accelerate introduction of new products, as well as enhance our ability to increase product availability to fulfill the anticipated overwhelming demand,” said the CEO of Key Tronic’s new customer.

    “We are very excited to be working with a recognized, emerging leader in the energy resiliency industry,” said Brett Larsen, President and CEO of Key Tronic. “The product has the potential to assist in better asset management and public safety by ensuring increased vigilance across all operations. Our new customer is a highly respected company and we are thrilled to be involved with a product that can assist in the greater good. This important new strategic relationship represents an expansion of our customer base and we expect it will contribute to profitable long term growth.”

    About Key Tronic

    Key Tronic is a leading design engineering and contract manufacturer offering value-added design and manufacturing services from its facilities in the United States, Mexico, China and Vietnam. Key Tronic provides its customers full engineering services, materials management, worldwide manufacturing facilities, assembly services, in-house testing, and worldwide distribution. Its customers include some of the world’s leading original equipment manufacturers. For more information about Key Tronic visit: http://www.keytronic.com.

    Forward-Looking Statements

    Some of the statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Key Tronic’s opportunities and its partnership, the potential success of Key Tronic and the customer, and related revenues. Forward-looking statements include all passages containing verbs such as aims, anticipates, believes, estimates, expects, hopes, intends, plans, predicts, projects or targets or nouns corresponding to such verbs.  Forward-looking statements also include other passages that are primarily relevant to expected future events or revenue or that can only be fully evaluated by events that will occur in the future.  There are many factors, risks and uncertainties that could cause actual results to differ materially from those predicted or projected in forward-looking statements, including but not limited to: the success and timing of ramping; availability and timing and receipt of critical parts or components; demand from customers and sales channels; the future of the global economic environment and its impact on our customers and suppliers; the availability of a healthy workforce; the accuracy of suppliers’ and customers’ forecasts; development and success of customers’ programs and products; success of new-product introductions; the risk of legal proceedings or governmental investigations relating to the previously reported financial statement restatements and related material weaknesses, the May 2024 cybersecurity incident and the subject of the internal investigation by the Company’s Audit Committee and related or other unrelated matters; acquisitions or divestitures of operations or facilities; technology advances; changes in pricing policies by the Company, its competitors, customers or suppliers; impact of new governmental legislation and regulation, including tax reform, tariffs and related activities, such trade negotiations and other risks; and other factors, risks, and uncertainties detailed from time to time in the Company’s SEC filings.

    CONTACTS: Anthony G. Voorhees   Michael Newman
      Chief Financial Officer   Investor Relations
      Key Tronic Corporation   StreetConnect
      (509) 927-5345   (206) 729-3625

    The MIL Network –

    January 25, 2025
  • MIL-OSI Security: Defense News: NPS’ Latest CubeSat Launch Furthers International Collaboration in Space

    Source: United States Navy

    At 11:09 a.m. PST, Jan. 14, the National Reconnaissance Office (NRO) – in partnership with NPS and the New Zealand military’s Defence Science & Technology unit (DST) – launched Otter, an NPS CubeSat suite aboard the commercial SpaceX Falcon 9 Transporter 12 rocket from Space Launch Complex-4E Vandenberg Space Force Base in California.

    Its mission: to explore new technological developments and experimental concepts to operate in an increasingly complex space environment.

    The Otter launch occurs at a time of an upswing in space technology investment, particularly in the commercial sector. As NPS leans in on partnering with commercial entities in all Naval Science and Technology Focus Areas, the Otter spacecraft is a prime example of the benefits to its students from these relationships, noted Dr. Wenschel Lan, interim chair of NPS’ Space Systems Academic Group (SSAG), an interdisciplinary academic association serving as the focal point for space-related research at the university.

    “In working with our commercial vendors, we have lessons learned that we continue to share with our students – from acquisitions, to spacecraft integration and testing, and spacecraft operations – that are relevant and representative of both the successes and challenges for the aerospace industry,” she said. “In gaining first-hand knowledge and experience with a space mission life cycle through these types of opportunities at NPS, our students are better prepared to serve as Space professionals in the Navy, throughout the DOD, and beyond.”

    Two hours after the rocket’s successful launch and Otter’s separation, Dr. Lan and her team were huddled in NPS’ Space Operations Center (SOC), the university’s heart for interacting with space assets.

    As the satellite arced across Canada into the Northern Pacific 515 km above the earth, the team prepared to make first contact.

    “We’re tracking!” exclaimed Alex Savattone, SSAG faculty associate for research involved with the daily management of the CubeSat missions, as the satellite’s beacon came into focus.

    Word reached the office of then 78th Secretary of the Navy, Carlos Del Toro, himself an ’89 NPS alumnus with a master’s in Space Systems Engineering, who offered his congratulations.

    “Well done to the NPS student-faculty team and all the partners involved,” Secretary Del Toro said. “The strength of NPS’ innovative space education program is a force multiplier, impacting critical talent development needs and shaping future technology concepts.”

    Several days later, the Otter team tracked down the orbit plane, transmitted several commands, and the data began streaming to the NPS SOC: good status confirmed.

    While NPS is known for having the most alumni of any graduate school become astronauts, NPS also has a strong history in developing standardized and modular nanosatellites such as CubeSats, which have many benefits over costly traditional satellites. Beginning with the NPS Petite Amateur Navy Satellite (PANSAT) launched into low Earth orbit (LEO) in 1998 aboard the shuttle Discovery, the NPS program evolved into CubeSat designs and launchers, now commonly used by commercial providers. Made up of 10 cm x 10 cm x 10 cm cubes called units (U), CubeSats are relatively inexpensive to design, develop and deploy payloads into orbit and are ideal for applied education and research.

    Otter is a 6U CubeSat built and operated by NPS on behalf of NRO. Its primary payload, Tui, is a DST-built risk reduction platform for space-based maritime domain awareness capabilities. Two secondary payloads built by NPS, an X-band transmitter and an LED on-orbit payload (LOOP), will help develop and evaluate communication technologies and concepts of operations on future CubeSat missions.

    “The NRO is always looking for innovative ways to advance our capabilities in space,” said Dr. Aaron Weiner, director of the NRO’s Advanced Systems & Technology Directorate. “This demonstrator, developed in coordination with academia and an international ally, showcases the value in rapidly qualifying low-cost, commercial off-the-shelf hardware.”

    Otter is the second collaborative CubeSat mission run together with NRO and DST. The first, named Mola, launched in March 2024 with Tui’s predecessor, Korimako. Two NPS-built payloads are also manifested on Otter – an X-band transmitter and the next iteration of LOOP to continue experimenting with line-of-sight communications by using two banks of LEDs, transmitting in green and near-infrared wavelengths, that are capable of modulating light for basic messaging. More than 20 NPS students will have directly contributed to the Mola and Otter CubeSats as part of their master’s and Ph.D. research.

    Both CubeSat missions are directly supported by the NPS maintained and operated Mobile CubeSat Command and Control (MC3) network, a Department of Defense-sponsored effort that began in 2011 at NPS. Since then, SSAG has cultivated partnerships with nine other tracking facilities nationwide, including three other DOD service universities, civilian institutions, industry partners, and governmental agencies. These all work together within a distributed operations network that shares tracking responsibilities via parallel ground stations.

    Tui very much fits into this, according to Dr. Lan. The highly collaborative mission will provide space-based maritime awareness as well as serve as a pathfinder for policy development.

    “The capability that we’re developing is to add sensors in the space layer to be able to see what’s going on in the water,” she said. “It’s not just a camera, but a lot of different phenomenologies that you can sense from space to then help paint the picture of what’s going on.”

    The project also represents a risk reduction effort in the sense that it utilizes low-cost, off-the-shelf current technologies to explore the art of the possible.

    “We’re spending a small amount of money to buy down the risks so that when they actually do a full program of record, they’re not going into it blind,” Dr. Lan stated.

    The NPS-built payloads, the X-band transmitter and LOOP projects, also employ the latest in rapidly developing commercial technology. The X-band transmitter, operating in the microwave radio region of the electromagnetic spectrum, is ideal for space communications optimized for data-intensive payloads.

    The LOOP project utilizes a ground-based optical telescope to observe the LEDs on the CubeSat to evaluate how to track objects in low Earth orbit. Otter is a significant step forward toward the future goal of high-rate optical communications using the MC3 network.

    Now that Otter is launched, its operations will be undertaken by NPS faculty and students.

    “Our operations have changed since the launch of Mola,” observed Savattone. “During initial commissioning, our team manually ran each pass opportunity to check the satellite’s health and troubleshoot as needed. Currently, operations are predominantly automated. Mola is provided with a schedule for executing specific sequences, such as a telemetry downlink to one of the ground stations. Today’s daily operations primarily involve monitoring the health of the entire system, including ground stations, cloud resources, and satellites.”

    Otter also builds on lessons learned from the Mola mission, he said. “One significant lesson learned is the critical importance of having comprehensive knowledge of all subsystems. Since we procured the satellite buses from a commercial vendor instead of constructing the entire satellite ourselves, it took our team some time to understand the complexities of each system. Mola facilitated our learning process regarding the efficient operation of Otter and served as a pathfinder for streamlining our flight operations.”

    “The Otter mission was a success not only in its launch, but also in the opportunities it afforded the NPS students who worked on it,” said Dr. Giovanni Minelli, SSAG research associate professor and co-principal investigator for its CubeSat program along with Dr. Lan.

    “Most importantly, it serves as a means of providing hands-on experience with the design, test, launch and operation of a real spacecraft to complement the theoretical coursework offered to our students,” he said. “We believe practically applying lessons learned in the classroom helps cement understanding of difficult concepts and better prepares our warrior scholars for leveraging space to advance our military’s priorities after graduation.”

    “Furthermore,” Dr. Minelli noted, “the CubeSat program grants students the chance to advance technologies jointly developed by international government research institutions.”

    “The students get to be involved in a mission with real stakeholders, requiring the successful operation of the spacecraft, its payloads, and the supporting ground infrastructure to collect and disseminate experimental test results to our strategic partners,” he said. “An ideal training opportunity, this ‘rubber meets the road’ process is also used for the high-value operational missions our students will work on throughout their careers.”

    The LOOP project is a prime exemplar of this, with both iterations spanning the Mola and Otter missions.

    LOOP was originally developed for Mola by Marine Corps Maj. Dillon Pierce to address a gap in the payload manifest as part of his doctoral research at NPS. Using his education from NPS as a Space Operations Masters student, he quickly designed, built, and tested a flight-ready payload.

    The Marine Corps infantry officer is on track to earn his doctorate this June. His work, sponsored by the Marine Corps Warfighting Laboratory, aims to fill critical operational capability and capacity gaps, with significant anticipated impacts on future military operations.

    “What I truly fell in love with was the hands-on aspect of the applied research within the SSAG,” Maj. Pierce said. “Coming into the lab and being able to apply theory to real-world capabilities, such as building rockets and CubeSat payloads, is fascinating. It provided me with a deep understanding of the technical concepts learned in the classroom and demonstrated how to apply those concepts to address the operational challenges facing the military today.”

    Maj. Pierce is elated to see the LOOP project evolve with its second iteration for the Otter mission, which he passed on to Dr. James Newman, NPS acting provost, SSAG professor and former Space Shuttle astronaut, who was able to upgrade its capabilities to include InfraRed LEDs and higher data rates.

    Work on LOOP was also carried out by Navy Lt. Charles “Chuck” Bibbs for his master’s degree in Space Systems Operations. Lt. Bibbs, currently attached to Naval Special Warfare Basic Training Command (NSWBTC), is a SEAL phase officer at Basic Underwater Demolition/SEAL (BUD/S) training in Coronado, California.

    Lt. Bibbs was specifically involved with the planning, preparation and execution of environmental testing for LOOP, including thermal vacuum and vibration testing, as well as the integration of the total Otter payload.

    “This experience gave me an appreciation for the entire lifecycle of a payload,” he said. “Upon joining the team, I was introduced to the remarkable collaborative effort that brought this particular payload to life, and I gained a clear understanding of where my contributions fit within that timeline. It was fascinating to see how NPS works with other countries and commercial entities to drive innovation for defense purposes!”

    Lt. Bibbs also commended the SSAG faculty’s excellent alignment of the department’s research efforts with course objectives. His work on Otter was conducted as course projects for the AE4831 Spacecraft Systems II curriculum in the M.S. Space Systems Operations program.

    “This experience was formative because, like the military as a whole, I have a significant interest in space and would like to involve myself in those efforts in the near future,” he continued. “Additionally, by working on this project I better understand the nuances of requirements, procurements, and fielding large-scale projects. This experience provided skills that will assist me in a wide-range of military duties that do not necessarily have to be space-related.”

    Maj. Pierce and Lt. Bibbs’ observations cut to the heart of NPS’ mission: to provide defense-focused graduate education, including classified studies and interdisciplinary research, to advance the operational effectiveness, technological leadership and warfighting advantage of the Naval service.

    As a naval command with a graduate university mission, NPS uniquely synchronizes mid-career student operational experience and education with applied research and faculty expertise to deliver innovative warfighting solutions and leaders educated to understand and employ them.

    MIL Security OSI –

    January 25, 2025
  • MIL-OSI United Kingdom: Celebrating Scotland’s Iconic Poet: An Enchanting Evening

    Source: United Kingdom – Executive Government & Departments

    British Ambassador in Rome, Edward Llewellyn, hosted an unforgettable evening in honour of Robert Burns, Scotland’s beloved bard

    Ambassador and guests at Burns Night

    The stately halls of Villa Wolkonsky transformed into a vivid slice of Scotland last night as British Ambassador Edward Llewellyn hosted an unforgettable evening in honour of Robert Burns, Scotland’s beloved bard. Bringing together diplomats, cultural enthusiasts, and the Scottish community in Rome, the event celebrated Scotland’s heritage through its iconic poetry, music, cuisine, and artisanal crafts.

    Over 250 guests, including ambassadors Julianne Cowley (Australia) and Jackie Frizelle (New Zealand), and Italo-Scottish X-Factor star Pablo Murphy, experienced an authentic taste of Scottish culture. From the melodies of bagpipes to vibrant tartans and exquisite whisky selections, the event was a joyous tribute to Burns’ enduring legacy and the timeless spirit of Scotland.

    A Night to Remember: Honouring Burns and Gaelic Traditions

    Guests were greeted by the stirring notes of the City of Rome Pipe Band, leading them through Villa Wolkonsky’s elegant halls for the iconic Address to the Haggis. This centerpiece ritual saw British Deputy Ambassador David Burton enthusiastically recite Burns’ famous ode, capturing the soul of Scotland’s culinary pride, the haggis.

    The Selkirk Grace, a traditional Scottish prayer delivered by Italian Honorary Consul in Glasgow Ronnie Convery, added a moment of solemnity. For the gastronomes in attendance, the evening featured a feast of Scottish delicacies prepared by the villa’s chefs, including salmon, haggis (vegetarian options included), and the ever-popular roast beef and Scottish pie. Sweet treats like sticky toffee pudding and traditional Cranachan rounded out the indulgence.

    Textiles Meet Royal Connections: Araminta Campbell’s Exhibition

    A new highlight this year was an exclusive exhibit by Scottish textile designer Araminta Campbell. Known for her intricate tartan designs, Campbell was recently commissioned to create the Balmoral Castle Hunting Tartan for King Charles III. Guests marveled at her atelier’s handcrafted fabric accessories, showcasing Scotland’s world-renowned craftsmanship and innovation in design.

    Toast to Tradition: Scotch Whisky, Scottish Gins, and Festive Dance

    An extraordinary showcase of Scottish distillates elevated the evening, with a whisky lineup from Dalmore, Jura, Lochlea, Kilchoman, and Cù Bòcan paired with handcrafted gins like Hills & Harbour and Lind & Lime. These libations complemented the hearty fare, inviting guests to toast to Burns’ “Immortal Memory.”

    The lively program continued with a ceilidh, the traditional Scottish dance led by the Rome Scottish Dancing Group and the Coughdrops trio. Spirited performances of Loch Ness Monster and Strip the Willow had attendees taking to the floor, embracing the festive energy that embodies Gaelic gatherings.

    A Cultural Celebration Uniting Nations

    As the evening concluded with heartfelt toasts to Robert Burns, Ambassador Llewellyn emphasized the significance of such cultural celebrations in uniting communities and fostering deeper international ties. “Robert Burns continues to inspire people across generations and continents,” he noted. “Tonight, we celebrate not only Scotland but the shared heritage and traditions that connect us all.”

    Villa Wolkonsky’s enchanting transformation into a Land of Scotland left an indelible impression, strengthening the bonds of those who share a passion for Scottish culture, history, and the arts.

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    Published 24 January 2025

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI United Kingdom: Drake’s Leat uncovered as part of Armada Way regeneration project

    Source: City of Plymouth

    Wat-er interesting find. Who would have thought drains could be so fascinating, but they are when the contractor was none other than Sir Francis Drake!

    Contractors working on Armada Way are lifting the lid on a slice of Plymouth history – Drake’s Leat, which supplied the city’s water for several hundred years.

    Drake’s Leat opened in 1591 and ran for 17 miles from the River Meavy to the sea. As part of the contract, Drake was granted leases for six water mills along its course.

    Sections of the leat are still very visible on the moors and along the Tavistock Road at Derriford. This city centre section is buried several metres below the surface but is being in part uncovered as part of the preparation work for the regeneration scheme.

    As it is a known archaeological feature, AC Archaeology have been commissioned by the council to record its condition and preserve findings by record before it is covered over once more – in line with best practice to keep finds in situ wherever possible.

    The work will involve photographs and creating scaled drawings when the leat is exposed as well as sampling organic material, if there is suitable access.

    The leat was created at street level but now it’s a couple of metres down, which shows how much the lay of the land has changed. Blitz rubble was used as infill when the city centre was completely rebuilt after the war.

    The industrial revolution in the early 19th Century saw factories and foundries crop up in this location, all of which used water from the leat. Early Victorian maps show an iron works, a sawmill and a dye works in the area currently occupied by SpecSavers, Barclay’s Bank and B&M. A fabric production factory close to the site also produced sails for the Royal Navy.

    Councillor Mark Lowry, city centre champion said: “This stretch of the leat will be particularly interesting due to its reconstruction in the Victorian era to help serve the industries nearby. It will be fascinating to see what archaeologists find. It all adds to the story of Plymouth.”

    Part of the massive Armada Way Regeneration scheme will reference the leat. The water play area will follow its direction and there will be metal markers in the ground to indicate to people the location and direction and flow of the water through the leat.

    The leat fell out of fashion and out of use in the early 1800s when reservoirs were built to supply water to Plymouth’s rapidly expanding population. Two reservoirs were built at Drake’s Place currently part of the University of Plymouth campus on North Hill. The leat within the city centre area was covered over to prevent pollution and to reduce the danger to pedestrians, especially children.

    In 1826 the Corporation laid new iron pipes to supply water. Other reservoirs were built in the mid to late 1800s at Crownhill, Hartley, Roborough and Yelverton.

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI: Willis Lease Finance Corporation Announces Quarterly Dividend Reflecting Strong Performance

    Source: GlobeNewswire (MIL-OSI)

    COCONUT CREEK, Fla., Jan. 24, 2025 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”) declared a quarterly dividend of $0.25 per share on outstanding shares of WLFC common stock. The dividend is expected to be paid on February 21, 2025 to stockholders of record at the close of business on February 12, 2025.

    “This is our third consecutive regular quarterly dividend since June of 2024,” said Austin C. Willis, Chief Executive Officer of WLFC. “We believe that our dividend policy speaks to the overall strength of our business model.”

    Willis Lease Finance Corporation

    WLFC leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.

    Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. By their nature, forward-looking statements involve a number of inherent risks, uncertainties and assumptions and are subject to change in circumstances that are difficult to predict and many of which are outside of our control. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed, either expressly or implicitly, in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and natural disasters; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

       
     CONTACT: Scott B. Flaherty
      Executive Vice President & Chief Financial Officer
      sflaherty@willislease.com
      561.413.0112
       

    The MIL Network –

    January 25, 2025
  • MIL-OSI USA: Tuberville Urges Senate to Confirm Hegseth and Rollins, Secure American Farmland with the FARM Act

    US Senate News:

    Source: United States Senator Tommy Tuberville (Alabama)
    WASHINGTON – Yesterday, U.S. Senator Tommy Tuberville (R-AL) spoke on the Senate floor in support of Pete Hegseth, President Trump’s nominee to be Secretary of Defense, who will bring much-needed change to the Department of Defense.
    Additionally, Sen. Tuberville addressed legislation he reintroduced on Wednesday, the Foreign Adversary Risk Management (FARM) Act. The FARM Act will help secure America’s agricultural industry and food supply chains from foreign adversaries by creating a permanent seat for the Secretary of Agriculture on the Committee on Foreign Investment in the United States (CFIUS). Additionally, Sen. Tuberville encouraged the Senate to move quickly on confirming President Trump’s pick for Secretary of Agriculture, Brooke Rollins, who will fight for America’s farming communities and defend against foreign influence in the U.S. agricultural sector.
    Read Sen. Tuberville’s remarks below or watch on YouTube or Rumble.

    ON CONFIRMING PETE HEGSETH
    “Thank you, Mr. President,
    I want to reiterate what my colleague from Tennessee just talked about, the importance of the vote that we just took. Just a few minutes ago our nominee for new Secretary Defense, Pete Hegseth. 
    Now the procedure is, as we just voted, to close the vote and now, we wait 30 hours from just a few minutes ago and have the final vote on his nomination, which it looks like that he has the votes of a majority to be appointed, or sent to the White House, to be confirmed as the next Secretary of Defense.
    I’m on the Armed Services Committee, and I’ve watched four years of the destruction of the best military in our world, United States of America. It is a shame what has happened, the DEI, the woke agenda that’s being pushed on the troops in our country, to me, is embarrassing.
    I’m a military brat. My dad died on active duty in the military. Awarded five bronze stars and a Purple Heart at age 17 driving a tank across Europe after landing the first day at Normandy. We have to change course in our military, and we can talk about inflation and pumping gas and the crime and all the things that we’re having a lot of problems with, but if you don’t have a strong military to protect our borders and protect the citizens in our country from adversaries all over the world, we got problems. And it’s got to start there.
    Pete Hegseth is the choice, the right choice. I like his age, I like his demeanor, I like the things he brings to our military. He’s exciting and he will energize this military into the next decade. And I’m excited about that. 
    So, hopefully in about 30 hours we’ll vote tomorrow night around 9:00 and we’ll vote to confirm Pete Hegseth as our new Secretary of Defense.
    ON THE FARM ACT
    Now, I’d like to turn to national security threats in our Nation’s agriculture sector and food supply chains.
    I’m on the Ag Committee. Over the past few years, the United States has experienced a rapid increase in foreign investment in agricultural sector, particularly from China. We have to open our eyes. Bad things are happening around us. Growing foreign investment in agriculture and other essential industries like health care and energy is a direct threat to our country’s national security.
    You know for years now I’ve been sounding the alarm about foreign ownership of American farmland and other elements of our food chain. According to USDA data from December 2023,  foreign investors own approximately 45 million acres of U.S. agriculture land. Now let me say that again: 45 million acres of our forest and agriculture land in this country has been sold to foreign entities. Does that not scare us? What [did] we just see during COVID about our drug supply? We looked around, we looked for health care and help after COVID hit our hit our borders and what happened? We found out that it was all being made in China.
    So, 45 million acres, this represents over 1.5 million acres in one calendar year. Foreign ownership of U.S. agricultural land in increased modestly from 2012 to [20]17 an average increase of 0.6 million acres per year, that’s 2012 to 2017. But since 2017, the number has skyrocketed to an average of 2.6 million acres a year that we’re selling, our farmland, to our adversaries. And it’s just not China. It’s Russia it’s other entities that don’t wish us well at the end of the day. So additionally, between 2010 and [20]21, entities or individuals from China increased their ownership of U.S. agriculture land more than twenty-fold from about 14,000 acres to 400,000 Acres. This is an unbelievable and unsustainable pace for the United States of America.
    Now, Alabama is experiencing, my state, this firsthand. We have the fourth largest amount of foreign owned agricultural land in the United States at 2.2 million acres, most of which is forest land. It’s not really agriculture in terms of growing row crops, it’s basically our forest. You know, I represent over 62,000 farmers in the state of Alabama. I hear from them time and time again about foreign activity in our agriculture community. Threats like these are something our states can’t handle all on their own.
    Which is why President Ford established, President Ford, established a Committee on Foreign Investments in the United States, also known in short terms, CFIUS. This was in 1975. In other words, this committee is supposed to keep an eye on foreign investments in our country. This is the governmental body that oversees the vetting process of foreign investments and acquisitions of American companies in the interest of national security. CFIUS is composed of nine members of President’s cabinet including the Secretaries of State, Treasury, Defense, Homeland Security, Commerce, and Energy. The Attorney General, the US Trade Representative, and the Director of Office of Science and Technology Policy also sit on this vetting board of industry and land in our country.
    Nowhere on that list did you hear me say the Secretary of Agriculture. Now why is that? […] Considering the massive increase in foreign investment in our country, we need additional oversight for what’s going on in our country. We got our eyes closed. Which is why yesterday I introduced the Foreign Adversary Risk Management Act, called the FARM Act, here on the floor that will accomplish three major things.
    First, it would add the Secretary of Agriculture as a permanent member of CFIUS. In other words, that somebody that’s going to help our agriculture people vet land that’s being bought by foreign entities. Second, it would protect U.S. agriculture industry from foreign control through transactions, mergers, and acquisitions, and agreements, and it would also designate agriculture supply chains as critical infrastructure and critical technology. Third, it would require a report to Congress on current and potential foreign investments in the U.S. agriculture industry. This legislation, folks, is long overdue.
    These foreign investments now reach into every aspect of agriculture industry and supply chains from farming and processing, to packaging and shipping. We cannot, and I repeat, we cannot allow our adversaries to have a foot in the door to our critical supply chains. Food security is national security. We must prioritize increased oversight of foreign investment, and our food supply chains especially those coming from China, Russia, Iran, and North Korea. 
    This starts with giving the agriculture community a permanent seat at the table of CFIUS. The FARM Act does just that.
    ON CONFIRMING BROOKE ROLLINS
    And there’s no better person to fill this permanent seat on CFIUS than my good friend, who we had a hearing today, as a new nominee for Secretary of Agriculture, Brooke Rollins. I’ve known Brooke for 30 years. I met her while I was coaching at Texas A&M. She was the student body president in 1994. The students saw then what President Trump, what they see in her today, her strong leadership and her conviction of agriculture. It will be no different when she becomes the Secretary of Agriculture for the United States of America. 
    Brooke was brought up in a small agricultural community of Glen Rose, Texas. She comes from several generations of American farmers. She participated in levels of 4-H and FFA. She raised livestock throughout her life. Now she is [a] mother, she’s involved in the show steer industry with her four children. She received her Bachelor of Science degree in agricultural development from A&M and later earned a law degree at the University of Texas. 
    Later at the Texas Public Policy Foundation, she was engaged with rural and agriculture communities throughout Texas. She led litigation efforts that focused on the defense of Texas landowners and farmers against federal interference and regulations. Next, Brooke went on to serve in several roles in President Trump’s White House. She served as the Director of Domestic Policy Council, Assistant to the President for Strategic Initiatives, and Director of The Office of American Innovation. In these roles, she helped roll back terrible EPA rules like Waters of the U.S., or WOTUS, that targeted farmers and ranchers. 
    After the White House, she joined the American First Policy Institute, where she focused on protecting U.S. farmland and foreign entities seeking to gain control, especially from the Chinese. At AFPI, she strove to improve American food security, independence, as well as support measures that defend U.S. agriculture trade. Brooke understands these many challenges.
    In short, Brooke is a conservative warrior and will be an excellent Ag Secretary. I look forward to working with her to secure our farmland from foreign entities and working with her on passing a Farm Bill that puts American producers first again.
    As Alabama’s voiced on the Senate Ag Committee, I will continue fighting to secure our agriculture supply chain so our agriculture community can continue to put food on the table. And that starts with someone like Brooke Rollins as our Secretary of Agriculture. She is a terrific nominee, and I look forward to working with her on the Committee.
    I expect to move, her to move easily through the Committee vote, and here on this floor. So, once she’s out of Committee, the Senate must vote on her for confirmation. She’ll do great. She’s perfect for the job and I ask that the Senate take up both efforts quickly to defend our agriculture communities which feeds not only the American people but the entire world.
    I yield the floor.”
    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP, and Aging Committees.

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI Security: Defense News: Forging the Future: Training Center Opens to Train Next Generation of Defense Manufacturers

    Source: United States Navy

    The Accelerated Training in Defense Manufacturing (ATDM) program, launched in 2021, has graduated more than 777 students from 45 states, Guam, Puerto Rico, and Australia. About 25% of participants are veterans, and the program boasts a 90% job placement rate within the defense industrial base. New cohorts begin every eight weeks, offering a fast track to meaningful careers across five trades.

    The new National Training Center, a state-of-the-art, 100,000-square-foot facility on the Institute for Advanced Learning and Research (IALR) campus, opened its doors on January 13. On that day, the center welcomed its first cohort of students, marking the beginning of an expanded operation that will train 1,000 students annually, creating a pipeline of skilled workers critical for building and maintaining the nation’s submarines and warships.

    “This facility helps address our immediate workforce needs,” said Frederick “Jay” Stefany, the Direct Reporting Program Manager for the Maritime Industrial Base (MIB) Program. “It advances our efforts to restore our industrial base and ensure our industry partners have the skilled workforce they need to build and maintain the Navy’s fleet.”

    ATDM’s graduates are essential in addressing the maritime industry’s expanding workforce needs. The Navy’s shipbuilding plans include the construction of Columbia-class and Virginia-class submarines, along with more than 10 different classes of surface ships, including aircraft carriers, destroyers, frigates, amphibious warships, and support vessels. This unprecedented scale of shipbuilding requires a comprehensive strategy to rebuild America’s manufacturing capabilities. The establishment of the National Training Center marks a significant milestone in this endeavor.

    A National Imperative

    The MIB Program leads the Navy’s workforce development initiatives while advancing shipbuilding and repair capabilities through industrial base development, supply chain resilience, and advanced manufacturing technologies. With the U.S. manufacturing base having shrunk to a third of its size from 30 years ago, the program must overcome major challenges. One of these pressing challenges involves recruiting and training 140,000 new workers over the next decade for submarine production and sustainment, with an additional 110,000 workers needed for surface vessel construction and maintenance.

    “The decline in American manufacturing has created a critical skills gap,” said Erica Logan, Workforce Director for the MIB Program. “But we’re not just filling jobs—we’re rebuilding America’s maritime manufacturing capability and offering meaningful careers for the next

    generation of workers. Every graduate represents another step toward restoring our nation’s industrial strength.”

    This workforce development initiative is vital for both new construction and fleet maintenance, underscoring the strategic importance of programs like ATDM in maintaining America’s naval readiness. This national revitalization effort takes shape through individual success stories and community partnerships.

    The IALR campus, which hosts the National Training Center, also houses another key MIB Program initiative: the Navy’s Additive Manufacturing Center of Excellence. This co-location creates a hub for maritime manufacturing innovation.

    Transforming Lives, Strengthening Communities

    Natasha Barnes, part of the inaugural class that began training January 13 in the new facility, represents a growing wave of skilled workers entering the defense manufacturing workforce.

    “ATDM has done an excellent job adapting during the transition into the new facility,” said Barnes, a CNC student. “It’s been an uplifting experience to learn in such a clean and well-maintained environment. I am very excited to see what the future holds for the program.”

    For Telly Tucker, president of the Institute for Advanced Learning and Research (IALR), the program’s impact goes beyond the classroom.

    “This facility is about more than training—it’s about revitalizing southern Virginia,” Tucker said. “It’s creating jobs, fostering economic growth, and building a pipeline of skilled workers who will strengthen our nation’s security.”

    To deliver on this promise of regional revitalization and support to national security, the National Training Center provides intensive, hands-on preparation.

    Hands-On Training for Real-World Impact

    ATDM’s intensive, 16-week accelerated training program provides students with 600 hours of hands-on experience in one of five trades critical to maritime manufacturing: welding, CNC machining, additive manufacturing, quality assurance, and non-destructive testing. Training runs on three shifts, mirroring the 24/7 operations of the defense industry.

    “This program isn’t theoretical—it’s practical,” said Christa Reed, ATDM’s Interim Vice-President. “When our students graduate, they’re not just trained—they’re ready to hit the ground running.”

    The curriculum, developed in collaboration with industry leaders, ensures students are equipped with the skills and certifications needed to meet the Navy’s rigorous standards. By

    simulating real-world manufacturing environments, the program prepares graduates to succeed in high-demand roles. This focused training approach directly enhances America’s maritime security.

    A Shared Mission

    The opening of the National Training Center represents a milestone in the Navy’s efforts to address workforce challenges and bolster the maritime industrial base. For Stefany, it’s a reminder of how these efforts impact national security.

    “Every ship we build, every submarine we launch, is a promise to the American people,” Stefany said. “That promise begins here, with the people we train.”

    As the Navy ramps up its fleet expansion, programs like ATDM and the new National Training Center are creating a ripple effect—transforming communities, empowering individuals, and ensuring America’s maritime superiority. The center highlights innovation, collaboration, and resilience, its impact extending beyond Danville to strengthen America’s maritime future.

    For more information about ATDM and its programs, visit http://www.atdm.org.

    MIL Security OSI –

    January 25, 2025
  • MIL-OSI USA: Press Release: FDIC Approves Merger Application for WesBanco Bank, Inc., Wheeling, West Virginia

    Source: US Federal Deposit Insurance Corporation FDIC

    CategoriesBusiness, Commerce, MIL-OSI, United States Federal Government, United States Government, United States of America, US Commerce, US Federal Deposit Insurance Corporation FDIC, US Federal Government, US Insurance Sector, USA

    Post navigation

    WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) approved a Bank Merger Act (BMA) application submitted by WesBanco Bank, Inc., Wheeling, West Virginia, to acquire and merge with Premier Bank, Youngstown, Ohio. The resulting bank will operate in West Virginia, Indiana, Kentucky, Maryland, Michigan, Pennsylvania, and Ohio, and will operate under the name, WesBanco Bank, Inc.

    When reviewing applications pursuant to the requirements of the BMA, the FDIC considers certain statutory factors, including the competitive effects of the transaction, the financial and managerial resources and future prospects of the existing and proposed institutions, the convenience and needs of the communities to be served, the risk to the stability of the U.S. banking or financial system, and the anti-money laundering records of the institutions involved. The FDIC found favorably on those factors as well as additional requirements applicable to the transaction as an interstate merger under section 44 of the Federal Deposit Insurance (FDI) Act.

    The transaction shall not be consummated until all necessary approvals, exemptions, and/or non-objections have been obtained from all relevant federal and state regulatory authorities.

    As noted by FDIC Acting Chairman Travis Hill earlier this week, improving the bank merger approval process is a high priority for the agency going forward.

    ###

    MEDIA CONTACT: 
    mediarequests@fdic.gov

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI United Kingdom: Coming up next week at the London Assembly W/C 27 January

    Source: Mayor of London

    PUBLIC MEETINGS

    Tuesday 28 January

    Planning and Tall Buildings

    Planning and Regeneration Committee – Chamber, City Hall, Kamal Chunchie Way, 10am

    The Planning and Regeneration Committee will ask guests ask guests from industry and the London Tenants Federation about issues including residents’ experiences of living in tall buildings and how they vary among different groups, the characteristics of successful tall buildings, and the extent to which high-rise buildings meet Londoners’ housing needs.

    Guests include:

    Panel 1 – 10am – 11.15am:

    • Stuart Baillie, Partner and Head of Planning, Knight Frank
    • Russell Whitehead, Director, Robert Bird Group
    • Chris Edgington, Associate Director – Building Services, ARUP
    • Additional guests TBC

    Panel 2 – 11.30am – 12.30pm:

    • Kath Scanlon, Distinguished Policy Fellow and Deputy Director, LSE London
    • Pat Turnbull, Regional Delegate, London Tenants Federation

    MEDIA CONTACT: Josh Hunt on 07763 252310 / [email protected]  

     

    Wednesday 29 January

    Q&A with the Met Police

    Police and Crime Committee – Chamber, City Hall, Kamal Chunchie Way, 10am

    The London Assembly Police and Crime Committee will question the Metropolitan Police Service and the Deputy Mayor for Policing and Crime on the work being done in relation to grooming gangs in London, and to understand what impact the national audit will have in London.

    The guests are:

    • Kaya Comer-Schwartz, Deputy Mayor for Policing and Crime 
    • Assistant Commissioner Matt Twist KPM, Frontline Policing, Metropolitan Police Service
    • Claire Waxman OBE, London’s Independent Victims’ Commissioner

    MEDIA CONTACT: Anthony Smith on 07763 251727 / [email protected]
     

    Thursday 30 January

    HIV in London

    Health Committee – Chamber, City Hall, Kamal Chunchie Way, 10am

    The London Assembly Health Committee will discuss HIV prevention efforts in London, the work of HIV charities in London and international comparisons.

    The guests are:

    Panel 1 – HIV prevention in London (10:00 – 11:10):

    • Marc Thompson, Lead Commissioner, London HIV Prevention Programme
    • Mona Hayat, Director of Sexual Health, London Sexual Health Programme
    • Professor Kevin Fenton CBE, Statutory Health Advisor to the Mayor

    Panel 2 – HIV charities in London (11:15 – 12:25):

    • Judi Otti, Head of HIV Services, Africa Advocacy Foundation
    • Mark Santos, Executive Director, Positive East
    • Kat Smithson, CEO, British Association for Sexual Health and HIV (BASHH)
    • Joel Robinson, CEO, Spectra
    • Tony Wong, CEO, METRO Charity

    Panel 3 – International comparisons (12:30 – 13:00):

    • Elske Hoornenborg, Head of the Center for Sexual Health and medical doctor specialised in internal medicine and infectious diseases, Public Health Service of Amsterdam

    MEDIA CONTACT: Anthony Smyth on 07763 251727 / [email protected]

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI USA News: President Joseph R. Biden, Jr. Approves Disaster Declaration for the Havasupai  Tribe

    Source: The White House

    Today, President Joseph R. Biden, Jr. declared that a major disaster exists for the Havasupai Tribe and ordered federal aid to supplement the Tribal Nation’s efforts in the areas affected by flooding from August 22 to August 23, 2024.

    The President’s action makes Federal funding available to affected individuals for the Havasupai Tribe.

    Assistance can include grants for temporary housing and home repairs, low-cost loans to cover uninsured property losses, and other programs to help individuals and business owners recover from the effects of the disaster.

    Federal funding also is available to the Havasupai Tribe and certain private nonprofit organizations on a cost-sharing basis for emergency work and the repair or replacement of facilities damaged by the flooding.

    Lastly, Federal funding is available on a cost-sharing basis for hazard mitigation measures for the Havasupai Tribe.

    Mr. Benigno Bern Ruiz of the Federal Emergency Management Agency (FEMA) has been appointed to coordinate Federal recovery operations in the affected areas. 

    Additional designations may be made at a later date if requested by the Tribal Nation and warranted by the results of further damage assessments.

    Residents and business owners who sustained losses in the designated areas can begin applying for assistance at http://www.DisasterAssistance.gov, by calling 800-621-FEMA (3362), or by using the FEMA App. Anyone using a relay service, such as video relay service (VRS), captioned telephone service or others, can give FEMA the number for that service. 

    FOR FURTHER INFORMATION MEDIA SHOULD CONTACT THE FEMA NEWS DESK AT (202) 646-3272 OR FEMA-NEWS-DESK@FEMA.DHS.GOV.

    ###

    MIL OSI USA News –

    January 24, 2025
  • MIL-OSI Australia: Joint press conference – Apia, Samoa

    Source: Australian Government – Minister of Foreign Affairs

    Anthony Albanese, Prime Minister: I’ve just come from the opening session of the Commonwealth Heads of Government meeting here in Samoa. And apart from what was a rather extraordinary cultural display, including all the countries of the Pacific, including Australia, the speech of His Majesty King Charles was, of course, a highlight. King Charles spoke about the existential threat of climate change to our region. He also spoke about the need to not divide, but to come together in our common interest as a Commonwealth. And it was very well received by the heads of government and by the delegates to this important conference that comes at an important time, and the first time, of course, that CHOGM has been held here in the Pacific. We also heard from the Prime Minister Fiamē, and I was able to have a bilateral meeting with the Samoan Prime Minister this morning, after which, I had a bilateral meeting with the Prime Minister of the UK, Keir Starmer, as well as I had a range of informal meetings while we were waiting for CHOGM to occur, with other Commonwealth leaders. The Pacific is, of course, a global leader in climate action, and Australia respects and supports that leadership. The meeting that we had today with the Prime Minister of Samoa, and other Pacific partners who we discussed with, was about galvanising action in our region, and it will be front and centre of the next two days deliberation. Australia and the United Kingdom, of course, are old friends, but we’re also close friends. And more than friends, we’re partners, and I’ve enjoyed a positive relationship with Prime Minister Starmer for some time. It’s the first time we’ve been able to meet face to face as Prime Ministers of our respective nations. We today discussed, importantly, our new climate and energy partnership that we will be delivering on. We have a common view about the challenge, but also the opportunity, that climate change action represents. We both are on the path to net zero through the transition, and we see that as an opportunity for new industries, new jobs and a new industrialisation of our respective countries. From Australia’s perspective, of course, a future made in Australia, from the UK’s perspective, a future made in the UK. And there’s a real opportunity for us to develop technologies together to make a difference, as well as look at cooperation in areas such as climate finance. The new partnership will allow us to explore cooperation right across the board in all of these areas. Today, also, we’re announcing grants on our Australia-UK Renewable Hydrogen Innovation Partnership Program. This is six companies in Australia, six companies and entities in the United Kingdom, cooperating and collaborating to make a difference with the emerging green hydrogen industry that has such promise to play a critical role in the transition to net zero, in the production of green metals, in a range of areas that will make a difference of lowering our emissions whilst producing new industries and new jobs and new opportunities for Australia, but also for the United Kingdom. Of course, we also discussed AUKUS and the progress that we are making together. And in December, the Foreign Minister and Defence Ministers of both countries will meet, and that will be the next step in making sure that we continue on that pathway, the optimum pathway, for the delivering of AUKUS, and both of us expressed our support for the progress that has been made. I will hand to the Foreign Minister, and then we’re happy to take some questions.

    Penny Wong, Minister for Foreign Affairs: Thanks very much, Prime Minister. Look, it’s fantastic to be here with the Prime Minister for the Commonwealth Heads of Government Meeting. Obviously I had the Foreign Minister’s track yesterday and today is the important Head of Government Meeting, and it’s been a fantastic opportunity to engage with all members of the Commonwealth. Can I just say in relation to the partnership the Prime Minister has announced with Sir Keir Starmer, the Prime Minister of the United Kingdom. This is the Prime Minister’s first formal bilateral with the incoming government, and what a cracking start. Straight away, we’re set to work, working together on transforming our economies, on dealing with not just the existential threat, which is climate change, but all that we need to do economically for our own economies and for the world. So it’s a very exciting announcement that the Prime Minister is making today.

    Prime Minister: Happy to take some questions.

    Journalist: Prime Minister, the Prime Minister of Tuvalu has said that Australia is not doing enough to curb fossil fuel emissions. What do you say to that?

    Prime Minister: Well, I had positive discussions with Prime Minister Teo and other Pacific leaders here. They recognise that the challenge of climate change doesn’t mean that you can just flick a switch and act immediately. We need to make sure that energy security is prioritised in order to make sure that we have that support going forward. But we’ve worked very closely with our Falepili agreement with Tuvalu. The Prime Minister of Tuvalu was in Perth recently as well to pick up the vessel which will provide support there in Tuvalu. And I must say that the feedback I’ve had from Pacific leaders has been very welcoming of Australia’s leadership here in the Pacific when it comes to climate action.

    Journalist: Can I ask you further about climate change? Because the King’s speech was very interesting on the existential threat. He made some very dire warnings about what climate change could lead to without, well, global action, and I guess that means an agreement here. Now the King is usually meant to be above politics, isn’t he, but climate change is a very political issue. And in fact, politicians like Nigel Farage, for instance, once likened him to an eco-loony for taking a position on climate change. Admittedly, before he ascended the throne. Has he gone too far and beyond his official duties by being so political about climate change, or is he absolutely right to warn of division and conflict?

    Prime Minister: His Majesty is very passionate about the world in which he lives and about the responsibility that we have to future generations. It’s an issue which has characterised his public comments over a long period of time. He also made very strong comments in the Great Hall in Canberra. And in most parts of the world, with very few exceptions, climate change is above politics. It is about existential threat that exists to countries like Tuvalu and Kiribati. It’s about the world in which we live. It’s about our native fauna and flora. It’s about the natural disasters that we were warned would increase in intensity and in frequency. And that is precisely what we are seeing in Australia, but in other parts of the world as well, increased impact of climate change, whether it be rising sea levels, increased cyclones, increased bushfires, increased droughts, we are seeing the impact of climate change, that’s recognised by scientists around the world, and indeed one of the first world leaders to recognise the challenge of climate change and the need to act was Margaret Thatcher.

    Journalist: The King also talked about misinformation and the dangers of social media. It’s an area your government has worked on reform for. Have you discussed this topic with the leaders here today, and do you consider this an endorsement from the King?

    Prime Minister: Well, His Majesty, of course, speaks for himself, and he made comments about the world in which he resides. And social media is having an impact. It’s having an impact around the world, and much of that impact, of course, is positive. The capacity to communicate with each other is an important one. The use of new technologies to get information out there can be very important, but we also know that there can be a very negative impact as well. With misinformation, we’ve seen the use of artificial intelligence, including, fake information, and indeed, fake videos and a range of materials. And we know that social media when it comes to young people is having an enormous impact, and that’s what my government is doing. It’s something that we see discussed, I think, at the site of every tennis court on the weekend, netball court, football oval, swimming pool, we see parents after school, they’re very concerned about this impact. And I think that the fact that His Majesty, King Charles, is very conscious about the modern world and prepared to engage in debate about that discourse is, I think, of course, up to him, but it’s something that I think brings him credit.

    Journalist: If I could just ask, Keir Starmer and others have talked about conflicts, including that in the Middle East. Jim Chalmers has talked about the need for a ceasefire in the Middle East to prevent persistent global inflation. Do you agree that a ceasefire would go some way to doing it?

    Prime Minister: Well, we have been very clear about our view, and it’s a view we signed with Sir Keir Starmer and other leaders in the 13 countries that signed up to the statement some time ago. Quite clearly, we do need a resolution. We have said very clearly that we also want to see the hostages released. We want to see both Israelis, but also Palestinians and Lebanese to be able to live in peace and security. I note that Secretary Blinken is there in the region, and the Secretary of State has played a critical role in trying to bring about a reduction in conflict in the region, and we certainly wish him well,

    Journalist: Just, obviously, the legacy of colonialism is being discussed, and there are calls from African and Caribbean nations for Britain to pay reparations or engage in a process of reparatory justice for the evils of slavery. It’s something the UK Prime Minister has ruled out, but given Australia’s own history of black birding, is it something you’d support other Commonwealth nations in calling for, or at least for truth telling processes?

    Prime Minister: Well, the Australian Government has recognised black birding for a number of decades now. Paul Keating in 1994 said that black birding represented a sorry chapter in Australia’s history, and it does. What my government is focused on very much is a forward agenda of, how do we close the gap? How do we make a difference when the gap is there between Indigenous and non-Indigenous Australians in so many areas? We need to do better.

    Journalist: Prime Minister, just briefly back on climate change, if that’s all right. The King also spoke about the way that climate change could fuel social division and inequalities between nations. Is this something the Government’s examined in our own region, as temperatures rise and as natural calamities increase, the way that, for example, water shortages or other problems could fuel conflicts between countries, and given the ONA has done some assessment on this, ONI rather, sorry. Why should that assessment not be made public to the Australian people?

    Prime Minister: Because ONI that’s the job that it does so, I think with respect Stephen, you know the answer to why intelligent briefings are just that. But we know as well, it is no secret, and the Australian Government has made information available. That is one of the contexts of the discussions that take place at places like the Pacific Island Forum and indeed, CHOGM here, as well as bilateral visits. We’ve had visits, if you speak about the region, from the leaders of Papua New Guinea, Samoa, Tuvalu, Tonga, a range of countries in our region, Fiji too, since I’ve been Prime Minister, it’s always front and centre. And there is an equity aspect to climate change because of its impact is not even across the board, and so it is part of the context of the debate is making sure that Australia and those countries that, of course, are largely responsible for the emissions which are there, have a greater responsibility to act. That’s something that’s been recognised in, that’s part of the UN Framework Convention on Climate Change. We need to act together as the world. And I think that was a theme of, Commonwealth essentially means common good, and it is something that was a theme of His Majesty’s speech. And I think it was a very fine speech, which will be well received by Commonwealth nations.

    Journalist: Could I ask Minister Wong about the work with women that you’ve been doing over the last couple of days. The Queen has obviously, you know, spoken extensively about ending violence in the Pacific against women. When we talk about Australia engaging with the Pacific nations, we often talk about rugby league. What’s our in with women to help the Pacific, a platform for us, for Australia to help the Pacific?

    Minister Wong: Well, thanks for the question. I appreciate it. And you know, one of the points that I made yesterday and Her Majesty also made, is that if you’re serious about progress and development and peace, then you have to ensure you deal with women’s experience of violence, women’s access to education, women’s access to economic empowerment. In other words, a country cannot be all that it could be unless women and girls are enabled to fulfil their potential. We’ve really sought to integrate this work into our development assistance programs. And so you will see in Australian development programs, there’s a much greater emphasis than under previous governments, on making sure that there is a perspective around gender. In other words, if you’re funding an economic initiative, what is needed to enable women to participate as well as men? Education, similarly, what is the infrastructure needed for women and girls to participate so there is no peace and stability and prosperity without women taking their full place in a society. And we’ll continue to talk with the region about that.

    Prime Minister: Thanks very much. One more.

    Journalist: Two more?

    Minister Wong: You’ve had one.

    Journalist: The King also said you can’t change the past, which is clear, but do you think the Lidia Thorpe’s outburst or protest in Parliament indicates the Commonwealth collectively has not progressed?

    Prime Minister: Well, Lidia Thorpe’s outburst was, of course, about Lidia Thorpe, and she achieved her objective because I’m getting a question about it now. I thought it was rude, outrageous and entirely inappropriate.

    Journalist: If the ocean declaration is signed tomorrow what would Australia’s commitment be?

    Prime Minister: Well, I’m not going to pre-empt the processes. I’m hoping to end this press conference so that I can go to, the sessions haven’t begun yet, they begin this afternoon. We’ll be working this afternoon in a couple of sessions, but then again, tomorrow. I can indicate about tomorrow, just to get this in your diaries as well, the Pacific Policing Initiative, a number of, particularly Samoa, but other countries as well, have recognised that this is the first time it’s operated. We announced it just months ago. There are 11 countries, 46 police officers, including three from Australia, participating, providing security here. There’s also the people who are looking after me here from the local police, were trained by Australians in the past, and tomorrow, we’ll be first thing meeting with the nations of the Pacific who are participating, because this will be something to really celebrate. This is a great example of how Australia can provide practical support with, of course, the three prongs. One is the joint operations such as this one. The second will be the centre there at Pinkenba in Brisbane, that will provide the training. And then the four Centres of Excellence, one of which will be in Papua New Guinea, another which will be in Fiji. This is an example of Australia really making a difference in the region. And I conclude with that, but to thank all the journalists as well who made the effort to come here. This is an important gathering, and I appreciate, and I think Australia appreciates, the fact that you’re here as well. Thanks very much.

    MIL OSI News –

    January 24, 2025
  • MIL-OSI Security: Third Man Sentenced to Prison for Robbing U.S. Postal Service Letter Carriers

    Source: Office of United States Attorneys

    MIAMI – A third St. Lucie County man, responsible for a string of robberies of U.S. Postal Service (USPS) letter carriers for their Postal keys, was sentenced to federal prison yesterday by U.S. District Court Judge K. Michael Moore sitting in Ft. Pierce, Fla.  Two other defendants were previously sentenced.

    “The defendants brazenly terrorized loyal public servants, U.S. Postal Service letter carriers working in Florida, at gunpoint for their postal keys with the intent to steal mail from collection boxes. Their sentencing shows that the safety of U.S. Postal Service employees is of the utmost importance,” said U.S. Attorney Markenzy Lapointe for the Southern District of Florida. “Armed assaults on letter carriers negatively impact our entire community, which relies on the U.S. Postal Service for the safe delivery of the mail.”

    “The prison sentences handed down to these defendants should serve as a reminder that violent acts committed against U.S. Postal Service employees providing service to the community will not be tolerated and the U.S. Postal Inspection Service, along with our law enforcement partners, will ensure that those committing these acts will be pursued and justly punished for their crimes,” said Juan A. Vargas, Inspector in Charge of the U.S. Postal Inspection Service, Miami Division.

    Bernard Jerome Davis III, 20, of Port St. Lucie, Fla., was sentenced to 192 months’ imprisonment, to be followed by 3 years’ supervised release, after pleading guilty to two counts of conspiracy to commit Hobbs Act robbery, two counts of armed Postal/U.S. property robbery, a single count of brandishing a firearm during and in furtherance of a crime of violence, attempted Hobbs Act robbery, and Hobbs Act robbery.  

    Jalen Dennis Elliott, 19, of Port St. Lucie, was sentenced to 30 months’ imprisonment, to be followed by 2 years’ supervised release, after pleading guilty to conspiracy to commit Hobbs Act robbery and Hobbs Act robbery.

    Jamal Travon Brown Weathers, 23, of Fort Pierce, was sentenced to 162 months’ imprisonment, to be followed by 3 years’ supervised release, after pleading guilty to conspiracy to commit Hobbs Act robbery, armed Postal/U.S. property robbery, and brandishing a firearm during and in furtherance of a crime of violence.

    According to the court record, to include factual proffers in support of the defendants’ guilty pleas, between Nov. 19, 2022, and Oct. 21, 2023, Brown Weathers, Davis and Elliott robbed at least six USPS letter carriers in St. Lucie, Brevard, Orange and Miami-Dade counties in Florida.

    On Nov. 19, 2022, a USPS letter carrier was delivering mail inside an apartment complex in Port St. Lucie. While the carrier was at the mailboxes, Brown Weathers demanded “Give me the key.” Brown Weathers then grabbed and started yanking the letter carrier’s keys, which were attached to her uniform pants. Brown Weathers then brandished a semi-automatic handgun and demanded “Give me the f—— key. You got five seconds to give up the key.” At that point the letter carrier unhooked her arrow key and handed it over to Brown Weathers, who fled in a vehicle driven by Davis. The vehicle, belonging to Brown Weathers’ mother, was later chased by a St. Lucie County Sheriff’s deputy in Fort Pierce. The occupants fled and a K-9 deputy recovered the firearm used in the robbery along the path of flight.

    A Postal arrow key is an accountable property assigned to U.S. Post Office(s) that is only authorized to be used by USPS employees in an official capacity. A Postal arrow key is used by USPS employees to open mail receptacles within a geographic area to collect and deliver mail.

    On May 12, 2023, Brown Weathers and Davis robbed two USPS letter carriers at gunpoint in the Middle District of Florida. At approximately 12:13 p.m., a USPS letter carrier was delivering mail in Melbourne, Fla., when Davis approached the letter carrier with a black firearm and demanded the letter carrier’s Postal arrow key. Once the letter carrier handed over the key, Davis fled the scene in a Nissan Altima that he rented. At approximately 1:20 p.m., another USPS letter carrier was on his mail delivery route in Orlando, Fla., when a Nissan Altima stopped behind his Postal vehicle. Brown Weathers exited the Nissan Altima, ran towards the letter carrier while holding a black firearm, grabbed the letter carrier by the shirt, and demanded the letter carrier give him the arrow key. The letter carrier removed the arrow key from his belt loop and gave it Brown Weathers, who fled in the vehicle rented and driven by Davis.

    On Aug. 1, 2023, a USPS letter carrier was delivering mail in Fort Pierce when a white Pontiac Grand Prix began to follow her and pulled up behind her USPS vehicle. The letter carrier observed Davis carrying a black semi-automatic firearm and walking toward the Postal vehicle.  Fearing a robbery, the letter carrier quickly drove away and called 911. The same white vehicle followed another letter carrier, who also called 911.

    On Oct. 11, 2023, a USPS letter carrier was delivering mail in Fort Pierce when Davis approached the driver’s side of the Postal vehicle brandishing a black semi-automatic handgun and demanded that the letter carrier give him the key. Once the letter carrier handed the Postal arrow key to Davis, he entered a white vehicle and drove away.

    On Oct. 21, 2023, a USPS letter carrier was delivering mail in an apartment community in Miami Beach, Fla. when she was confronted by Davis who shouted, “give me the keys.” Davis ripped the keys, including a Postal arrow key, from the letter carrier’s hand, causing an injury. Davis then fled to a waiting black BMW SUV, driven by Elliott.

    U.S. Attorney Markenzy Lapointe for the Southern District of Florida, Inspector in Charge Juan A. Vargas of the U.S. Postal Inspection Service (USPIS), Miami Division, Chief Wayne A. Jones of the City of Miami Beach Police Department, Sheriff Keith Pearson of the St. Lucie County Sheriff’s Office, Chief Diane Hobley-Burney of the Fort Pierce Police Department, Sheriff John W. Mina of the Orange County Sheriff’s Office, and Sheriff Wayne Ivey of the Brevard County Sheriff’s Office made the announcement. 

    The USPIS, Miami Beach Police Department, St. Lucie County Sheriff’s Office, Fort Pierce Police Department, Orange County Sheriff’s Office, and Brevard County Sheriff’s Office, investigated the case. The Port St. Lucie Police Department provided assistance. Managing Assistant U.S. Attorney Carmen M. Lineberger prosecuted the case.

    This case is the result of Project Safe Delivery (PSD), a joint U.S. Postal Service and U.S. Postal Inspection Service initiative aimed at countering postal crime and safeguarding postal employees. Announced in May 2023, in direct response to a rise in threats and attacks on letter carriers and mail theft incidents, PSD seeks to protect Postal employees and the mail stream, prevent incidents through education and awareness, and enforce the laws that protect our nation’s mail stream.  Since the launch of PSD, postal inspectors, working with law enforcement partners, have arrested more than 287 individuals for postal-related robberies through June 30, 2024. In the first six months of the fiscal year, the number of arrests for postal-related robberies rose 72% versus the same period the previous year, while the number of postal-related robberies dropped 21%. Meanwhile, the number of mail theft complaints received during that period decreased 35%, suggesting the PSD approach is achieving the intended result.

    Customers are encouraged to report stolen mail as soon as possible by submitting an online complaint to the Postal Inspection Service at http://www.uspis.gov/report or calling 877-876-2455. The Postal Inspection Service is authorized to issue monetary rewards for the forcible assault, robbery or attempted robbery of any custodian of any mail, money, or other property of the United States under the control and jurisdiction of the Postal Service.  Additionally, individuals are encouraged to report allegations of Postal Service employee misconduct, including attempts to corrupt a Postal Service employee, to the USPS OIG at 1-888-877-7644 or http://www.uspsoig.gov.

    Related court documents and information may be found on the website of the District Court for the Southern District of Florida at http://www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov under case number 23-cr-14053.

    ###

    MIL Security OSI –

    January 24, 2025
  • MIL-OSI Australia: Service station robbed at Evandale

    Source: South Australia Police

    Police are investigating a robbery at an Evandale service station this morning.

    About 7.15am on Saturday 26 October, a man entered the Portrush Road, Evandale service station, threatened the attendant and demanded money.

    No weapons were sighted.

    The suspect stole the till containing and ran off north along Portrush Road, heading towards Payneham Road.

    He is described as of Caucasian appearance, tall, slim build, wearing a cap, with a light-coloured hoodie up over the cap, blue medical mask, black pants, white sneakers and carrying a black and white backpack.

    Police searched the area with the assistance of Police Dog Chaos but have not located the offender.

    Anyone with information, dashcam or CCTV footage of the suspect can contact Crime Stoppers on 1800 333 000 or online at http://www.crimestopperssa.com.au

    MIL OSI News –

    January 24, 2025
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