Category: Business

  • MIL-Evening Report: International Women’s Day activists protest in solidarity with Palestinians

    Asia Pacific Report

    Activists in Aotearoa New Zealand marked International Women’s Day today and the start of Ramadan this week with solidarity rallies across the country, calling for justice and peace for Palestinian women and the territories occupied illegally by Israel.

    The theme this year for IWD is “For all women and girls: Rights. Equality. Empowerment” and this was the 74th week of Palestinian solidarity protests.

    First speaker at the Auckland rally today, Del Abcede of the Aotearoa section of the Women’s International League for Peace and Freedom (WILPF), said the protest was “timely given how women have suffered the brunt of Israel’s war on Palestine and the Gaza ceasefire in limbo”.

    Del Abcede of the Aotearoa section of the Women’s International League for Peace and Freedom (WILPF) . . . “Empowered women empower the world.” Image: David Robie/APR

    “Women are the backbone of families and communities. They provide care, support and nurturing to their families and the development of children,” she said.

    “Women also play a significant role in community building and often take on leadership roles in community organisations. Empowered women empower the world.”

    Abcede explained how the non-government organisation WILPF had national sections in 37 countries, including the Palestine branch which was founded in 1988. WILPF works close with its Palestinian partners, Women’s Centre for Legal Aid and Counselling (WCLAC) and General Union of Palestinian Women (GUPW).

    “This catastrophe is playing out on our TV screens every day. The majority of feminists in Britain — and in the West — seem to have nothing to say about it,” Abcede said, quoting gender researcher Dr Maryam Aldosarri, to cries of shame.

    ‘There can be no neutrality’
    “In the face of such overwhelming terror, there can be no neutrality.”

    Dr Aldosarri said in an article published earlier in the war on Gaza last year that the “siege and indiscriminate bombardment” had already “killed, maimed and disappeared under the rubble tens of thousands of Palestinian women and children”.

    “Many more have been displaced and left to survive the harsh winter without appropriate shelter and supplies. The almost complete breakdown of the healthcare system, coupled with the lack of food and clean water, means that some 45,000 pregnant women and 68,000 breastfeeding mothers in Gaza are facing the risk of anaemia, bleeding, and death.

    “Meanwhile, hundreds of Palestinian women and children in the occupied West Bank are still imprisoned, many without trial, and trying to survive in abominable conditions.”

    The death toll in the war — with killings still happening in spite of the precarious ceasefire — is now more than 50,000 — mostly women and children.

    Abcede read out a statement from WILPF International welcoming the ceasefire, but adding that it “was only a step”.

    “Achieving durable and equitable peace demands addressing the root causes of violence and oppression. This means adhering to the International Court of Justice’s July 2024 advisory opinion by dismantling the foundational structures of colonial violence and ensuring Palestinians’ rights to self-determination, dignity and freedom.”

    Action for justice and peace
    Abcede also spoke about what action to take for “justice and peace” — such as countering disinformation and influencing the narrative; amplifying Palstinian voices and demands; joining rallies — “like what we do every Saturday”; supporting the global BDS (boycott, divestment and sanctions) campaign against Israel; writing letters to the government calling for special visas for Palestinians who have families in New Zealand; and donating to campaigns supporting the victims.

    Lorri Mackness also of WILPF (right) . . . “Women will be delivered [of babies] in tents, corridors, or bombed out homes without anasthesia, without doctors, without clean water.” Image: David Robie/APR

    Lorri Mackness, also of WILPF Aotearoa, spoke of the Zionist gendered violence against Palestinians and the ruthless attacks on Gaza’s medical workers and hospitals to destroy the health sector.

    Gaza’s hospitals had been “reduced to rubble by Israeli bombs”, she said.

    “UN reports that over 60,000 women would give birth this year in Gaza. But Israel has destroyed every maternity hospital.

    “Women will be delivered in tents, corridors, or bombed out homes without anasthesia, without doctors, without clean water.

    “When Israel killed Gaza’s only foetal medicine specialist, Dr Muhammad Obeid, it wasn’t collateral damage — it was calculated reproductive terror.”

    “Now, miscarriages have spiked by 300 percent, and mothers stitch their own C-sections with sewing thread.”

    ‘Femicide – a war crime’
    Babies who survived birth entered a world where Israel blocked food aid — 1 in 10 infants would die of starvation, 335,000 children faced starvation, and their mothers forced to watch, according to UNICEF.

    “This is femicide — this is a war crime.”

    Eugene Velasco, of the Filipino feminist action group Gabriela Aotearoa, said Israel’s violence in Gaza was a “clear reminder of the injustice that transcends geographical borders”.

    “The injustice is magnified in Gaza where the US-funded genocide and ethnic cleansing against the Palestinian people has resulted in the deaths of more than 61,000.”

    ‘Pernicious’ Regulatory Standards Bill
    Dr Jane Kelsey, a retired law professor and justice advocate, spoke of an issue that connected the “scourge of colonisation in Palestine and Aotearoa with the same lethal logic and goals”.

    Law professor Dr Jane Kelsey . . . “Behind the scenes is ACT’s more systemic and pernicious Regulatory Standards Bill.” Image: David Robie/APR

    The parallels between both colonised territories included theft of land and the creation of private property rights, and the denial of sovereign authority and self-determination.

    She spoke of how international treaties that had been entered in good faith were disrespected, disregarded and “rewritten as it suits the colonising power”.

    Dr Kelsey said an issue that had “gone under the radar” needed to be put on the radar and for action.

    She said that while the controversial Treaty Principles Bill would not proceed because of the massive mobilisations such as the hikoi, it had served ACT’s purpose.

    “Behind the scenes is ACT’s more systemic and pernicious Regulatory Standards Bill,” she said. ACT had tried three times to get the bill adopted and failed, but it was now in the coalition government’s agreement.

    A ‘stain on humanity’
    Meanwhile, Hamas has reacted to a Gaza government tally of the number of women who were killed by Israel’s war, reports Al Jazeera.

    “The killing of 12,000 women in Gaza, the injury and arrest of thousands, and the displacement of hundreds of thousands are a stain on humanity,” the group said.

    “Palestinian female prisoners are subjected to psychological and physical torture in flagrant violation of all international norms and conventions.”

    Hamas added the suffering endured by Palestinian female prisoners revealed the “double standards” of Western countries, including the United States, in dealing with Palestinians.

    Filipino feminist activists from Gabriela Aotearoa and the International Women’s Alliance (IWA) also participated in the pro-Palestine solidarity rally. Image: David Robie/APR

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Video: THIS is Aura – Army style!

    Source: US Army (video statements)

    About the U.S. Army:
    The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.

    Interested in joining the U.S. Army?
    Visit: https://www.goarmy.com/?iom=BNL7-22-0029_N_OSOC_OCPA_YT_ocpagen_xx_xx

    Connect with the U.S. Army online:
    Web: https://www.army.mil
    Facebook: https://www.facebook.com/USarmy/
    X: https://twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army

    #Soldiers #Military

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

    MIL OSI Video

  • MIL-OSI Video: How AI Has Advanced Healthcare & Start-Up Empowers Millions of Farmers | WEF | Top Stories Week

    Source: World Economic Forum (video statements)

    This week’s top stories of the week include:

    0:15 5 ways AI has advanced healthcare – AI is improving surgery in a number of ways. From building ideal surgical plans for patients to guiding surgeons through tricky procedures.Globally, 4.5 billion people lack access to essential healthcare services. AI could help bridge that gap. Yet healthcare is ‘below average’ in its adoption of AI compared to other industries.

    4:42 Start-up empowers millions of farmers – Farmerline is revolutionizing agriculture in Africa with its AI-driven interactive voice response tool, Darli AI. Available in 27 languages, including 20 African languages, Darli serves as a 911 for farmers—providing critical farming insights in a language they understand. Research shows that farmers are 60% more likely to adopt new techniques when information is delivered in their native language.

    7:56 Workplace traditions we should rethink – Adam Grant is an organizational psychologist and professor at Wharton. Traditional hierarchies can stifle innovation, he says. One ‘no’ from on high can be all it takes to kill an idea. So, instead of a ladder with just one route upwards, what about a corporate lattice?

    10:58 Why businesses need geopolitical muscle – Nikolaus Lang is Chair of the BCG Center for Geopolitics. As the world becomes more multipolar, with power centres outside the West in China, Russia, and increasingly the Global South, shifting trade flows are breaking down old alliances, and economic nationalism is on the rise. In this environment, businesses can put on ‘geopolitical muscle’ by focusing on 2 key elements.
    _____________________________________________

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/ 
    Twitter ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #WorldEconomicForum

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

    MIL OSI Video

  • MIL-OSI Africa: Ecobank Côte d’Ivoire Launches West Africa’s First Gender Bond to Accelerate Financial Inclusion for Women Entrepreneurs

    Source: Africa Press Organisation – English (2) – Report:

    ABIDJAN, Ivory Coast, March 8, 2025/APO Group/ —

    Ecobank Côte d’Ivoire, a subsidiary of Ecobank Transnational Incorporated (www.Ecobank.com), the leading Pan African Bank, takes a major step forward in its commitment to financial inclusion with the launch of the first Gender Bond in West Africa. This groundbreaking bond issuance, amounting to XOF 10 billion, aims to mobilize funding for women-owned and women-led businesses, reducing financing inequalities and fostering inclusive economic growth.

    Named “Ellever Gender Bond 6.5% 2024-2029,” this bond has been structured and arranged by EDC Investissement Corporation (EIC), Ecobank’s Brokerage and Asset Management subsidiary. It marks Ecobank Côte d’Ivoire’s second bond issuance after its initial fundraising in 2013. Aligned with international sustainable finance standards, the Gender Bond has received an independent second-party opinion from Morningstar Sustainalytics, ensuring compliance with global best practices in responsible investment.

    Since its inception, the ELLEVER program has made a tangible impact on women entrepreneurship. In 2024, over 3,465 businesses registered, benefiting from XOF 13.25 billion in disbursed loans. However, access to financing remains a significant challenge for women entrepreneurs in West Africa, where less than 20% of women-led SMEs have access to adequate funding. Globally, Gender Bonds represented only USD 14.5 billion, accounting for just 1.5% of the sustainable bond market in 2023, underscoring the need to expand such initiatives.

    According to Paul-Harry Aithnard, Managing Director of Ecobank Côte d’Ivoire, women’s financial inclusion is a major economic priority. “This Gender Bond provides a tangible solution to the challenges faced by women entrepreneurs in West Africa. Today, women-led businesses are recognized for their resilience and performance, yet they remain significantly underfunded. Through this issuance, we reaffirm our commitment to building an ecosystem where women have full access to the financial resources they need to grow and succeed. This is a powerful tool to transform access to financing and sustainably accelerate the growth of women-led businesses.”

    The “Ellever Gender Bond 6.5% 2024-2029” offers investors and the public a unique opportunity to combine profitability with social impact. This five-year bond provides an attractive annual interest rate of 6.5% with a two-year capital repayment grace period. The total issuance of XOF 10 billion consists of one million securities with a nominal value of XOF 10,000 each.

    All funds raised will be fully allocated to strengthening the ELLEVER program, financing initiatives led by women, and providing them with tailored financial and technical support. Roseline Abé, Chief Executive Officer of EDC Investissement Corporation, highlights the significance of this initiative: “We have structured this bond to be attractive to investors while delivering a strong impact on women’s empowerment in Côte d’Ivoire. This is a unique opportunity to combine financial performance with social inclusion.”

    With this Gender Bond, Ecobank Côte d’Ivoire cements its leadership in sustainable finance and paves the way for greater economic inclusion. The bank’s ambition goes beyond this issuance, as it envisions a long-term strategy to promote innovative and inclusive financial instruments.

    Paul-Harry Aithnard concludes: “This issuance is just the beginning. We will continue to develop tailored solutions to enhance women’s participation in the economy and encourage other financial institutions to follow this path.”

    Through this initiative, Ecobank Côte d’Ivoire is transforming access to finance and reaffirming its commitment to inclusive and sustainable development.

    MIL OSI Africa

  • MIL-OSI Africa: Uganda joins Afreximbank’s Fund for Export-Development in Africa (FEDA) as 21st Member State

    Source: Africa Press Organisation – English (2) – Report:

    KAMPALA, Uganda, March 8, 2025/APO Group/ —

    The quest to broaden the scope of interventions by the Fund for Export-Development in Africa (FEDA), African Export-Import Bank’s (Afreximbank) (www.Afreximbank.com) development impact investment arm, into all corners of the continent reached a major milestone today with the signing of the Fund’s Establishment Agreement by Uganda. With Uganda’s accession, FEDA expands its presence to 21 member states, reinforcing its role as a key player in shaping Africa’s economic future.

    The signing ceremony, held in Kampala, was attended by Ambassador Phillip Rukikaire, Head of Regional Peace and Security Department at the Ministry of Foreign Affairs, Uganda, who represented the Permanent Secretary, Ministry of Foreign Affairs, and Mrs. Marlene Ngoyi, Chief Executive Officer of FEDA. Mr. Kudakwashe Matereke, Regional Director, Eastern Africa, Afreximbank, witnessed this historical event.

    Commenting at the ceremony, Mrs. Marlene Ngoyi, CEO of FEDA, highlighted the significance of Uganda’s accession:

    Uganda’s decision to join FEDA is a testament to the country’s confidence in FEDA’s mission and to its commitment to accelerating Africa’s economic transformation, value-added export development and industrialization. We look forward to deepening our engagements with the Government of Uganda and the private sector to mobilize capital and to invest in the manufacturing and export-related sectors and unlock the immense potential of the region for sustainable development,” she added.

    Ambassador Philip Rukikaire emphasized the importance of Uganda’s membership in FEDA, stating: “Today marks a significant milestone in Uganda’s economic development journey. By joining FEDA, we reaffirm our dedication to a prosperous Africa, driven by industrialization and intra-African trade. Africa needs more trade than aid, and this partnership will provide the much-needed investment to propel our manufacturing and export sectors forward.”

    Uganda’s membership comes amid a wave of recent accessions to FEDA, bolstering the Fund’s capacity to provide long-term capital to African economies. Over the past four years, Afreximbank has approved over $813 million in financing for Uganda’s public and private sectors, with a pipeline in exceeding US$ 1 billion in pending approvals.

    FEDA was set up as the development impact investment platform of Afreximbank with a mandate to implement equity investment across Africa. Its primary objective is to provide developmental equity and quasi-equity capital to companies that are involved in intra-African trade and export development/manufacturing in Africa, with a focus on industrialisation, intra-African trade and value-added exports.

    MIL OSI Africa

  • MIL-OSI: AppTech Payments Corp. Highlights Q4 2024 Financial and Strategic Developments

    Source: GlobeNewswire (MIL-OSI)

    CARLSBAD, Calif., March 07, 2025 (GLOBE NEWSWIRE) — AppTech Payments Corp. (“AppTech or the “Company”) (NASDAQ: APCX), a fintech company, today shared its Fourth Quarter 2024 financial results. The Company reported an operating loss of $2.1 million ($0.08 per share) versus a $3.4 million loss in the same quarter of 2023 ($0.18 per share).

    The operating loss for the full year 2024 was $8.8 million ($0.35 per share) versus $18.5 million ($1.01 per share) in 2023.

    CEO Thomas DeRosa noted that AppTech underwent significant organizational changes in the fourth quarter when a new investor group committed $5 million to improve the Company’s operations; established voting control of the Board of Directors and replaced certain key executives including the CEO and CFO. New CFO Felipe Corrado stated “We are encouraged by the organizational and operating improvements made in the fourth quarter. We bolstered our capital position, reduced expenses and narrowed our focus solely to several potentially near-term and profitable customers.”

    The company also announced it would file its 2024 Form 10K on March 31, 2025.

    About AppTech Payments Corp.

    AppTech Payments Corp. (NASDAQ: APCX) provides digital financial services for financial institutions, corporations, small and midsized enterprises (“SMEs”), and consumers through the Company’s scalable cloud-based platform architecture and infrastructure. For more information, please visit apptechcorp.com.

    Forward-Looking Statements

    This press release may contain forward-looking statements that are inherently subject to risks and uncertainties. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate, believe, estimate, expect, forecast, intend, may, plan, project, predict, should, will” and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the Company’s control. Actual events or results may differ materially from those described in this press release due to any of these factors. AppTech is under no obligation to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

    AppTech Payments Corp.
    760-707-5959
    info@apptechcorp.com

    The MIL Network

  • MIL-OSI: AI-Powered Success: How DeckTrade is Helping Traders Maximize Profits

    Source: GlobeNewswire (MIL-OSI)

    london, uk , March 07, 2025 (GLOBE NEWSWIRE) — Revolutionizing Trading with AI-Powered Strategies

    In today’s fast-paced trading environment, traders are turning to artificial intelligence to optimize their strategies and enhance profitability. DeckTrade has emerged as a leader in AI-driven trading solutions, providing traders with cutting-edge automation tools that remove human error and improve market efficiency.

    With its proprietary AI technology, DeckTrade’s smart trading system continuously analyzes market data, executes trades with precision, and adjusts strategies based on real-time conditions. As a result, traders are seeing higher returns, better accuracy, and improved risk management. Many users have shared positive experiences in decktrade reviews, highlighting how AI-powered automation has transformed their trading performance.

    The AI Advantage: Why DeckTrade Outperforms Manual Trading

    Traditional trading relies heavily on human decision-making, which is often influenced by emotions, bias, and reaction time delays. DeckTrade’s AI system eliminates these inefficiencies by using advanced machine learning models to analyze thousands of data points in real-time. This provides traders with:

    • Faster trade execution with minimal slippage
    • Data-driven decision-making without emotional bias
    • Automated portfolio adjustments based on market conditions
    • Advanced risk management strategies to protect capital

    Many traders have noted in decktrade reviews that AI-driven trading has helped them improve profitability and reduce losses, even during volatile market conditions.

    How DeckTrade Maximizes Profits for Traders

    1. AI-Driven Market Predictions

    DeckTrade’s AI system scans the markets 24/7, identifying trends before they fully develop. By detecting profitable opportunities early, traders using AI-powered tools can capitalize on market movements faster than manual traders.

    According to multiple decktrade reviews, users have seen higher accuracy in trade predictions, allowing them to enter and exit positions at optimal times.

    2. Smart Risk Management for Long-Term Stability

    AI not only helps in identifying profitable trades but also plays a crucial role in risk management. DeckTrade’s system automatically adjusts stop-loss and take-profit levels based on market volatility, ensuring traders maximize gains while minimizing potential losses.

    Traders frequently mention in decktrade reviews how the platform’s AI-driven risk management features have helped them preserve capital and protect their investments during market downturns.

    3. Automated Trading Without Emotional Bias

    One of the biggest challenges human traders face is emotional decision-making, which often leads to irrational trades driven by fear or greed. AI-powered trading on DeckTrade removes these emotional factors, ensuring that every trade is based on logic and data rather than human psychology.

    Many users in decktrade reviews have praised the automated nature of DeckTrade’s system, stating that it helps them maintain a disciplined trading approach without second-guessing their decisions.

    4. High-Speed Execution for Market Advantage

    The financial markets move fast, and delayed execution can cost traders valuable opportunities. DeckTrade’s AI trading system ensures that all orders are executed within milliseconds, reducing the risk of slippage and improving overall trade efficiency.

    Users frequently highlight in decktrade reviews how DeckTrade’s high-speed execution capabilities have allowed them to capitalize on short-term market fluctuations and maximize profits.

    What Traders Are Saying: DeckTrade Reviews Speak for Themselves

    The impact of DeckTrade’s AI-powered tools can be seen in the growing number of positive decktrade reviews. Traders worldwide have reported higher accuracy, better risk management, and increased profitability after integrating AI into their strategies.

    • Emma P., UK: “Since using DeckTrade’s AI system, my profits have increased significantly. I no longer need to spend hours analyzing charts—AI does the work for me!”
    • Daniel T., Australia: “Risk management was always my biggest struggle, but DeckTrade’s AI helps me set stop-losses automatically, which has made a huge difference.”
    • Sophia L., Canada: “The AI execution speed is amazing. My trades get placed instantly, ensuring I never miss a good entry.”
    • Liam K., UAE: “I’ve used several platforms, but DeckTrade is by far the best. The AI is incredibly accurate, and my results have improved dramatically.”

    With thousands of traders sharing their experiences in decktrade reviews, it’s clear that AI-driven trading is the future.

    The Future of Trading with DeckTrade

    As the trading industry evolves, AI-powered solutions like DeckTrade will continue to shape the way traders engage with financial markets. The platform is constantly improving its algorithms, adding new features, and expanding asset coverage to help traders achieve even better results.

    Future innovations in DeckTrade’s roadmap include:

    • More sophisticated AI models for even higher trading accuracy
    • Expanded trading assets, including forex, commodities, and indices
    • A mobile trading app for seamless AI-powered trading on the go
    • Enhanced AI-powered copy trading, allowing users to follow top-performing AI strategies

    Traders looking for an edge in today’s competitive markets will find that DeckTrade’s AI technology provides a clear advantage.

    Why Traders Are Choosing DeckTrade

    Traders are increasingly adopting AI-powered tools to improve their profitability, efficiency, and risk management. DeckTrade stands out as one of the most advanced AI-driven trading platforms, offering solutions that give traders:

    • Higher success rates with AI-optimized market strategies
    • Fully automated trading with minimal manual effort
    • Advanced risk management to protect capital
    • Real-time AI predictions for better decision-making

    For traders ready to maximize profits and automate their trading strategies, DeckTrade provides a reliable and powerful solution.

    Final Thoughts: AI Trading is the Future—Are You Ready?

    With the financial markets becoming increasingly competitive, traders need every advantage they can get. AI-driven solutions like DeckTrade are proving to be the key to unlocking greater profitability, efficiency, and consistency in trading.

    By leveraging the power of AI, traders can reduce risk, make smarter decisions, and maximize returns, all while saving time. The growing number of positive decktrade reviews speaks volumes about the platform’s effectiveness.

    For those looking to take their trading to the next level, now is the time to embrace AI-powered trading with DeckTrade.

    Start trading smarter today—visit DeckTrade to learn more.

    The MIL Network

  • MIL-OSI Security: Nigerian citizen, extradited from the U.K., arraigned on indictment for wire fraud involving stolen tax information

    Source: Office of United States Attorneys

    Tukwila, Washington company had employee tax information stolen in email compromise scheme

    Seattle – A Nigerian citizen who was arrested and extradited from the U.K. on an indictment in the Western District of Washington was arraigned today in U.S. District Court in Seattle, announced Acting U.S. Attorney Teal Luthy Miller. Onomen Uduebor, 38, is charged in a three-count indictment related to a scheme to steal and use income tax data for fraud. The 2019 indictment was unsealed today for Uduebor’s first appearance. Uduebor entered a plea of ‘not guilty’ and trial is scheduled before U.S. District Judge James L. Robart on May 12, 2025.

    “This defendant allegedly participated in a conspiracy that involved tricking companies around the United States, including a Tukwila-based company, into providing W-2 information on their employees. Then the conspirators filed fake tax returns in the employees’ names, claiming large refunds and causing chaos for those whose Social Security numbers had been stolen,” said Acting U.S. Attorney Miller.

    According to the indictment, between February 2016 and April 2017, the conspirators created false emails that appeared to come from a company executive asking the Human Resources Department for the W-2 data. The conspirators manipulated the email so that any reply would go to an email address that they controlled.  The conspirators then used the information from the W-2s to file more than 300 bogus tax returns claiming more than $1 million in tax refunds. The conspirators targeted companies across the U.S. in this scheme.

    Uduebor is charged with conspiracy to commit wire fraud, wire fraud, and aggravated identity theft.

    The wire fraud charges are punishable by up to twenty years in prison. Aggravated Identity Theft is punishable by a mandatory minimum two years in prison to run consecutive to any sentence imposed on the wire fraud counts.

    The charges contained in the indictment are only allegations.  A person is presumed innocent unless and until he or she is proven guilty beyond a reasonable doubt in a court of law.

    The case was investigated by the Internal Revenue Service – Criminal Investigations (IRS-CI).

    The case is being prosecuted by Assistant United States Attorney Miriam Hinman. Uduebor was arrested in the United Kingdom in September 2023. The U.S. Department of Justice’s Office of International Affairs provided valuable assistance with the extradition process.  

    MIL Security OSI

  • MIL-OSI: Brag House Holdings, Inc. Announces Closing of Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 07, 2025 (GLOBE NEWSWIRE) — Brag House Holdings, Inc. (“Brag House” or the “Company”), a premier media technology platform designed for casual college gamers and brands seeking to connect with the Gen Z demographic, today announced the closing of its initial public offering (the “Offering”) of 1,475,000 shares of its common stock at a public offering price of US$4.00 per share.

    Kingswood Capital Partners, LLC is acting as the Sole Bookrunning Manager and WestPark Capital Inc. is acting as an underwriter. Lucosky Brookman LLP is acting as U.S. securities counsel to the Company, and Dickinson Wright LLP is acting as U.S. securities counsel to the underwriters in connection for the Offering.

    A registration statement on Form S-1 (File No. 333-280282) relating to the Offering was filed with the U.S. Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on Friday, February 14, 2025 and an additional registration statement on Form S-1 (File No. 333-285586) related to the Offering was filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended, and became automatically effective on March 5, 2025. The Offering is being made only by means of a prospectus. Copies of the final prospectus related to the Offering may be obtained from Kingswood Capital Partners, LLC, at 126 East 56th Street Suite 22R New York, NY 10022, via email at syndicate@kingswoodus.com, or by calling 212-487-1080. In addition, a copy of the final prospectus can also be obtained via the SEC’s website at www.sec.gov.

    About Brag House
    Brag House is a leading media technology gaming platform dedicated to transforming casual college gaming into a vibrant, community-driven experience. By seamlessly merging gaming, social interaction, and cutting-edge technology, the Company provides an inclusive and engaging environment for casual gamers while enabling brands to authentically connect with the influential Gen Z demographic. The platform offers live-streaming capabilities, gamification features, and custom tournament services, fostering meaningful engagement between users and brands. For more information, please visit www.braghouse.com.

    Forward-Looking Statements
    Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s proposed Offering. 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. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “believe,” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent events or circumstances, 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 investors that such expectations will turn out to be correct, and the Company cautions that actual results may differ materially from anticipated results. Additional factors are discussed in the Company’s registration statement and other filings with the SEC, available for review at www.sec.gov.

    Media Contact:
    Dan Walsh
    dan@mustardpr.com
    +44 (0) 7827 816 971

    Investor Relations Contact:
    Adele Carey
    VP, Investor Relations
    ir@thebraghouse.com

    The MIL Network

  • MIL-OSI USA: Wyden, Merkley Co-Sponsor Legislation to Update Antiquated Mining Law to Protect Public Lands and Taxpayers

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)
    March 07, 2025
    Bill would modernize Civil War era mining law that has led to significant waste, fraud, and abuse
    Washington, D.C. –U.S. Senators Ron Wyden and Jeff Merkley today announced they are co-sponsoring legislation that would modernize the 1872 Mining Law that has let mining companies exploit public resources for free, pass environmental costs on to taxpayers, and engage in speculation with minimal government oversight. 
    “This bill makes responsible mining possible, while protecting Oregon’s treasured public lands from irresponsible mining companies and foreign nations with no respect for the environment, human rights and human life,” Wyden said. “If Republicans are truly behind eliminating fraud, waste and abuse, they’ll join us in the 21st Century and support this bill that fixes a broken and antiquated law by addressing modern needs and challenges.”
    “Protecting Oregon’s waterways and preserving our treasured natural areas is essential to the health of our environment, our communities, and our recreation economy,” Merkley said. “For too long, irresponsible mining companies have exploited public resources while leaving behind toxic waste for taxpayers to clean up. It’s time to bring our mining laws into the 21st century to ensure fair compensation for use of public resources and to protect the lands and waters Oregonians cherish.”
    The Mining Waste, Fraud, and Abuse Prevention Act of 2025 would update the Mining Law of 1872, which guarantees broad rights to individuals and corporations, including foreign-owned, to extract minerals from public lands without payment of royalties to the federal government and limits public health and the environmental protections. A modern bill would:

    Require annual rental payments for claimed public land, thereby treating mine operators as other public land users.

    Set a royalty rate of not less than 5% and not greater than 8% based on the gross income of production on federal land but would not apply to mining operations already in commercial production or those with an approved plan of operations.

    Revenues would be deposited into a Hardrock Minerals Reclamation Fund for abandoned mine cleanup. Additionally, the Fund would be infused by an abandoned mine reclamation fee of 1% to 3%.

    Allow the Secretary of the Interior to grant royalty relief to mining operations based on economic factors.

    Require an exploration permit and mining operations permit for non-casual mining operations on federal land, which would be valid for 30 years and continue as long as commercial production occurs.

    Permit states, political subdivisions, and tribes to petition the Secretary of the Interior to have lands withdrawn from mining.

    Require an expedited review of areas that may be inappropriate for mining, and allow specific areas be reviewed for possible withdrawal.

    In addition to Wyden and Merkley, the legislation, led by U.S. Senator Ben Ray Lujan (D-N.M.), is cosponsored by U.S. Senators Michael Bennet (D-Colo.), Cory Booker (D-N.J.), Martin Heinrich (D-N.M.), Edward J. Markey (D-Mass.), Alex Padilla (D-Calif.), Bernie Sanders (D-Vt.), Chris Van Hollen (D-Md.) and Elizabeth Warren (D-Mass.).
    Full text of the legislation is here.

    MIL OSI USA News

  • MIL-OSI USA: Wyden, Colleagues Sound Alarm on EPA’s Plot to Rollback Decades of Scientific Findings on Greenhouse Gases

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)
    March 07, 2025
    “As the Administrator of the EPA, you are tasked with making decisions grounded in science, law, and the best interests of the American people.”
    Washington, D.C. — U.S. Senator Ron Wyden, D-Ore., today led 12 Senate Democrats in raising the alarm over reports that the Environmental Protection Agency (EPA) intends to roll back its findings that greenhouse gases endanger people’s health and welfare.
    In their letter to EPA Administrator Lee Zeldin, the senators emphasized, “It is difficult to understand how the nation’s lead official responsible for protecting human health and the environment could seriously entertain the idea of undoing a scientific finding that has been repeatedly upheld in court, reinforced by thousands of studies and decades of research, and is supported by the vast majority of the scientific community.”
    The move to overhaul decades of overwhelming scientific consensus on the climate crisis and natural disasters follows another record hot year, as well as catastrophic wildfires that destroyed lives and communities across the West Coast. The senators expressed serious concerns about the political motives behind the decision.
    “Using political means to hinder, distort, or improperly steer the work of federal scientists or the communication of scientific facts undermines the public trust of key institutions and actively threatens the welfare of the nation. The scientific evidence in support of the endangerment finding is clear, compelling, and continues to grow stronger. Reversing this finding would be reckless and irrational,” the senators wrote.
    Before the EPA takes any further steps to undo this foundational finding without transparency and scientific support, the senators demand answers to the following questions by March 15, 2025:
    What new scientific evidence has the EPA found that justifies the reversal of the endangerment finding?
    What new evidence does the EPA have that suggests reversing the endangerment finding would better protect the health and welfare of Americans and the environment, as is the EPA’s mission?
    How does the EPA plan to address the legal precedent set by the Supreme Court, particularly when courts have repeatedly upheld the EPA’s authority to regulate greenhouse gases based on the endangerment finding?
    Given that the endangerment finding has been repeatedly challenged by industry groups, fossil fuel companies, and climate change deniers over the years, do you believe that political or economic pressure is influencing your decision to revisit the finding, rather than an objective evaluation of the scientific facts?
    How do you plan to ensure that the EPA’s decision-making process remains rooted in scientific integrity?
    Senator Wyden was joined by Senate Energy and Natural Resources Committee Ranking Member Martin Heinrich, D-N.M., and Senate Democratic Whip Dick Durbin, D-Ill., as well as Senators Tammy Duckworth, D-Ill., Mazie Hirono, D-Hawai’i, Jeff Merkley, D-Ore., Patty Murray, D-Wash., Brian Schatz, D-Hawai’i, Tina Smith, D-Minn., Chris Van Hollen, D-Md., Peter Welch, D-Vt., Cory Booker, D-N.J., and Edward J. Markey, D-Mass.
    The text of the letter is here.

    MIL OSI USA News

  • MIL-OSI USA: Texas Man Convicted of Sabotaging his Employer’s Computer Systems and Deleting Data

    Source: US State of North Dakota

    A federal jury in Cleveland convicted a Texas man today for writing and deploying malicious code on his former employer’s network.

    According to court documents and evidence presented at trial, Davis Lu, 55, of Houston, was employed as a software developer for the victim company headquartered in Beachwood, Ohio, from November 2007 to October 2019. Following a 2018 corporate realignment that reduced his responsibilities and system access, Lu began sabotaging his employer’s systems. By Aug. 4, 2019, he introduced malicious code that caused system crashes and prevented user logins. Specifically, he created “infinite loops” (in this case, code designed to exhaust Java threads by repeatedly creating new threads without proper termination and resulting in server crashes or hangs), deleted coworker profile files, and implemented a “kill switch” that would lock out all users if his credentials in the company’s active directory were disabled. The “kill switch” code — which Lu named “IsDLEnabledinAD”, abbreviating “Is Davis Lu enabled in Active Directory” — was automatically activated upon his termination on Sept. 9, 2019, and impacted thousands of company users globally. Lu named other code “Hakai,” a Japanese word meaning “destruction,” and “HunShui,” a Chinese word meaning “sleep” or “lethargy.” Additionally, on the day he was directed to turn in his company laptop, Lu deleted encrypted data. His internet search history revealed he had researched methods to escalate privileges, hide processes, and rapidly delete files, indicating an intent to obstruct efforts of his co-workers to resolve the system disruptions. Lu’s employer suffered hundreds of thousands of dollars in losses as a result of Lu’s actions.

    The jury convicted Lu of causing intentional damage to protected computers, for which he faces a maximum penalty of 10 years in prison. A sentencing date has not been set. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Supervisory Official Matthew R. Galeotti of the Justice Department’s Criminal Division, Acting U.S. Attorney Carol M. Skutnik for the Northern District of Ohio, and Special Agent in Charge Gregory D. Nelsen of the FBI Cleveland Field Office made the announcement.

    The FBI Cleveland Field Office investigated the case.

    Senior Counsel Candina S. Heath of the Criminal Division’s Computer Crime and Intellectual Property Section and Assistant U.S. Attorneys Daniel J. Riedl and Brian S. Deckert for the Northern District of Ohio are prosecuting the case.

    MIL OSI USA News

  • MIL-OSI: Orezone Gold Files Final Short Form Prospectus in Connection With C$35 Million Bought Deal

    Source: GlobeNewswire (MIL-OSI)

    Final Short Form Prospectus is accessible on SEDAR+

    NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

    VANCOUVER, British Columbia, March 07, 2025 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to announce that, further to its press release dated February 23, 2025 in respect of its bought deal offering of common shares of the Company (the “Common Shares”), it has filed a final short form prospectus dated March 7, 2025 (the “Final Prospectus”) with the securities commissions in all provinces of Canada, except Quebec, and has obtained a receipt therefor.

    The Final Prospectus qualifies the distribution of 42,683,000 Common Shares at a price of C$0.82 per Common Share (the “Offering Price”) for aggregate gross proceeds of C$35,000,060 and up to an additional 6,402,450 Common Shares at the Offering Price issuable upon exercise of the over-allotment option granted to the underwriter, all as more fully described in the Final Prospectus (the “Offering”). Closing of the Offering is expected on or about March 13, 2025, and is subject to customary closing conditions and regulatory approval, including final approval of the Toronto Stock Exchange.

    Access to the Final Prospectus and any amendment is provided in accordance with securities legislation relating to procedures for providing access to a short form prospectus and any amendment. The Final Prospectus is accessible under the Company’s profile on SEDAR+ at www.sedarplus.ca. An electronic or paper copy of the Final Prospectus and any amendment may be obtained, without charge, from Canaccord Genuity Corp. by email at ecm@cgf.com by providing the contact with an email address or address, as applicable. Prospective investors should read the Final Prospectus in its entirety before making an investment decision.

    The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities in the United States, nor in any other jurisdiction in which such offer, solicitation or sale would be unlawful. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

    About Orezone Gold Corporation

    Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets and M&A.

    The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the Company’s website.

    Contact Information

    Patrick Downey
    President and Chief Executive Officer

    Kevin MacKenzie
    Vice President, Corporate Development and Investor Relations

    Tel: 1 778 945 8977 / Toll Free: 1 888 673 0663
    info@orezone.com / www.orezone.com

    For further information please contact Orezone at +1 (778) 945-8977 or visit the Company’s website at www.orezone.com.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains certain information that may constitute “forward-looking information” within the meaning of applicable Canadian Securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (together, “forward-looking statements”).  Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “potential”, “possible” and other similar words, or statements that certain events or conditions “may”, “will”, “could”, or “should” occur.  Forward-looking statements in this press release include, but are not limited to closing of the Offering, and regulatory and TSX approval thereof.

    All such forward-looking statements are based on certain assumptions and analyses made by management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management and the qualified persons believe are appropriate in the circumstances.

    All forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including, but not limited to, delays caused by pandemics, terrorist or other violent attacks (including cyber security attacks), the failure of parties to contracts to honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel and general economic, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Company’s most recent annual information form and management discussion and analysis filed on SEDAR+. Readers are cautioned not to place undue reliance on forward-looking statements.

    Although the forward-looking statements contained in this press release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this press release.

    The MIL Network

  • MIL-OSI Security: Texas Man Convicted of Sabotaging his Employer’s Computer Systems and Deleting Data

    Source: United States Attorneys General 1

    A federal jury in Cleveland convicted a Texas man today for writing and deploying malicious code on his former employer’s network.

    According to court documents and evidence presented at trial, Davis Lu, 55, of Houston, was employed as a software developer for the victim company headquartered in Beachwood, Ohio, from November 2007 to October 2019. Following a 2018 corporate realignment that reduced his responsibilities and system access, Lu began sabotaging his employer’s systems. By Aug. 4, 2019, he introduced malicious code that caused system crashes and prevented user logins. Specifically, he created “infinite loops” (in this case, code designed to exhaust Java threads by repeatedly creating new threads without proper termination and resulting in server crashes or hangs), deleted coworker profile files, and implemented a “kill switch” that would lock out all users if his credentials in the company’s active directory were disabled. The “kill switch” code — which Lu named “IsDLEnabledinAD”, abbreviating “Is Davis Lu enabled in Active Directory” — was automatically activated upon his termination on Sept. 9, 2019, and impacted thousands of company users globally. Lu named other code “Hakai,” a Japanese word meaning “destruction,” and “HunShui,” a Chinese word meaning “sleep” or “lethargy.” Additionally, on the day he was directed to turn in his company laptop, Lu deleted encrypted data. His internet search history revealed he had researched methods to escalate privileges, hide processes, and rapidly delete files, indicating an intent to obstruct efforts of his co-workers to resolve the system disruptions. Lu’s employer suffered hundreds of thousands of dollars in losses as a result of Lu’s actions.

    The jury convicted Lu of causing intentional damage to protected computers, for which he faces a maximum penalty of 10 years in prison. A sentencing date has not been set. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Supervisory Official Matthew R. Galeotti of the Justice Department’s Criminal Division, Acting U.S. Attorney Carol M. Skutnik for the Northern District of Ohio, and Special Agent in Charge Gregory D. Nelsen of the FBI Cleveland Field Office made the announcement.

    The FBI Cleveland Field Office investigated the case.

    Senior Counsel Candina S. Heath of the Criminal Division’s Computer Crime and Intellectual Property Section and Assistant U.S. Attorneys Daniel J. Riedl and Brian S. Deckert for the Northern District of Ohio are prosecuting the case.

    MIL Security OSI

  • MIL-OSI United Nations: Occupied Palestinian Territory: Israeli operations continue to have dire consequences

    Source: United Nations 2

    Peace and Security

    Humanitarian agencies warned on Friday that ongoing Israeli military operations in the northern West Bank are exacerbating an already dire situation for displaced Palestinians.

    The UN relief agency for Palestine refugees (UNRWA) reports that Israeli authorities have started demolishing more than 16 buildings in Nur Shams refugee camp, after destroying more than two dozen homes over the past week in the occupied West Bank.

    Those displaced are staying at public shelters in Jenin and Tulkarm, with many lacking bare necessities, according to a new assessment from the UN aid coordination office (OCHA).

    Less than half of the people our teams interviewed said they could afford food, with many reducing or skipping meals. Children are also unable to attend school,” UN Spokesperson Stéphane Dujarric told reporters at the regular daily briefing in New York.

    Humanitarian efforts

    Since the beginning of the Israeli operation in January, humanitarian partners have been providing life-saving assistance, distributing food parcels and daily meals.

    Over 5,000 families have received cash assistance to meet their basic needs, and relief efforts have included the provision of bedding, dignity kits, water storage tanks and mobile latrines in Jenin, Tulkarm and Tubas.

    Access restrictions

    Meanwhile, according to OCHA, the closure of the Tayaseer checkpoint since February has severely hampered movement for more than 60,000 Palestinians.

    On the first Friday of Ramadan, these restrictions prevented thousands of Palestinian worshippers from reaching holy sites.

    While the Israeli authorities have allowed Palestinians access to East Jerusalem and the H2 area of Hebron, they have set up hundreds of metal barriers and imposed restrictions based on age and gender, with the condition that worshippers possess Israeli-issued permits.

    OCHA has deployed teams to identify potential protection risks and possible measures for Palestinians to cross, with particular attention to the most vulnerable.

    No aid entering Gaza

    In Gaza, humanitarian organizations warned on Friday that the closure of all crossings for nearly a week has cut off the flow of critical aid, exacerbating suffering among civilians who have already endured months of hardship.

    “It is critical that humanitarian assistance is allowed to enter Gaza without delay,” said Mr. Dujarric.

    Under international humanitarian law, Israel, as the occupying power, is required to ensure that people’s essential needs are met, including by facilitating aid into Gaza. 

    MIL OSI United Nations News

  • MIL-OSI: Spartan Capital Securities, LLC Announces Key February Transactions

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, March 07, 2025 (GLOBE NEWSWIRE) — Spartan Capital Securities, LLC, a full-service investment banking firm, is pleased to announce a series of strategic transactions completed in February 2025, reinforcing its position as a trusted financial partner for companies across diverse industries.

    Spartan Capital successfully served as the sole placement agent for Lipella Pharmaceuticals Inc. (Nasdaq: LIPO) in a $3.788 million private placement. This financing represents an important milestone in Lipella’s efforts to advance its clinical pipeline and address significant unmet medical needs under the leadership of CEO Dr. Jonathan Kaufman.

    The firm also played a key role as Co-Placement Agent in Healthcare Triangle, Inc.’s (Nasdaq: HCTI) $15.2 million private placement, securing $14.2 million of the total offering. The proceeds will support Healthcare Triangle’s strategic acquisitions, general corporate purposes, and working capital needs, enabling the company to further its mission of driving digital transformation in healthcare and life sciences through cloud enablement, cybersecurity, and data analytics.

    “These transactions highlight Spartan Capital’s ability to deliver meaningful results for our clients,” said John Lowry, CEO of Spartan Capital Securities, LLC. “We take pride in our role as a trusted partner, helping companies secure the capital they need to fuel innovation, execute strategic growth initiatives, and drive long-term success. Our investment banking team remains committed to delivering exceptional service and tailored financial solutions across diverse industries.”

    Spartan Capital extends its gratitude to Sichenzia Ross Ference Carmel LLP for their expert legal representation of Spartan Capital in the Lipella Pharmaceuticals transaction and Sullivan & Worcester LLP for representing Lipella Pharmaceuticals. Additionally, we appreciate the contributions of RBW Capital Partners LLC (a division of Dawson James Securities, Inc.), Sichenzia Ross Ference Carmel LLP, and Manatt, Phelps & Phillips, LLP in the Healthcare Triangle placement.

    These February transactions exemplify Spartan Capital Securities’ ongoing commitment to providing impactful investment banking solutions. With a deep understanding of market dynamics and a focus on delivering strategic financial solutions, Spartan Capital remains dedicated to supporting clients in achieving their long-term goals.

    As we continue into 2025, Spartan Capital is excited about the opportunities ahead and remains committed to delivering excellence in investment banking.

    About Spartan Capital Securities, LLC

    Spartan Capital Securities, LLC is a full-service, integrated financial services firm providing strategic investment banking solutions to high-net-worth individuals and institutions. With deep market expertise and a steadfast commitment to client success, Spartan Capital continues to set the standard for excellence in the financial industry.

    Contact:
    Spartan Capital Securities, LLC
    45 Broadway, 19th Floor
    New York, NY 10006
    investmentbanking@spartancapital.com

    The MIL Network

  • MIL-OSI: Constellation Software Inc. Announces Results for the Fourth Quarter and Year Ended December 31, 2024 and Declares Quarterly Dividend

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 07, 2025 (GLOBE NEWSWIRE) — Constellation Software Inc. (TSX:CSU) (“Constellation” or the “Company”) today announced its financial results for the fourth quarter and year ended December 31, 2024 and declared a $1.00 per share dividend payable on April 15, 2025 to all common shareholders of record at close of business on March 28, 2025. This dividend has been designated as an eligible dividend for the purposes of the Income Tax Act (Canada). Please note that all dollar amounts referred to in this press release are in U.S. Dollars unless otherwise stated.

    The following press release should be read in conjunction with the Company’s annual Consolidated Financial Statements, prepared in accordance with IFRS Accounting Standards (“IFRS”) and our annual Management’s Discussion and Analysis for the year ended December 31, 2024, which can be found on SEDAR+ at www.sedarplus.com and on the Company’s website www.csisoftware.com. Additional information about the Company is also available on SEDAR+ at www.sedarplus.com.

    Q4 2024 Headlines:

    • Revenue grew 16% (1% organic growth, 2% after adjusting for changes in foreign exchange rates) to $2,703 million compared to $2,323 million in Q4 2023.
    • Net income attributable to common shareholders increased 102% to $285 million ($13.44 on a diluted per share basis) from $141 million ($6.65 on a diluted per share basis) in Q4 2023.
    • A number of acquisitions were completed for aggregate cash consideration of $475 million (which includes acquired cash). Deferred payments associated with these acquisitions have an estimated value of $144 million resulting in total consideration of $620 million.
    • Cash flows from operations (“CFO”) was $678 million, an increase of 33%, or $167 million, compared to $511 million for the comparable period in 2023.
    • Free cash flow available to shareholders1 (“FCFA2S”) was $482 million, an increase of 48%, or $157 million compared to $325 million for the comparable period in 2023.

    2024 Headlines:

    • Revenue grew 20% (2% organic growth, 2% after adjusting for changes in foreign exchange rates) to $10,066 million compared to $8,407 million in 2023.
    • Net income attributable to common shareholders increased 29% to $731 million ($34.48 on a diluted per share basis) from $565 million ($26.67 on a diluted per share basis) in 2023.
    • A number of acquisitions were completed for total consideration of $1,792 million including holdbacks and contingent consideration.
    • Cash flows from operations (“CFO”) was $2,196 million, an increase of 23%, or $417 million, compared to $1,779 million for the comparable period in 2023.
    • Free cash flow available to shareholders (“FCFA2S”) was $1,472 million, an increase of 27%, or $312 million, compared to $1,160 million for the comparable period in 2023.

    Total revenue for the quarter ended December 31, 2024 was $2,703 million, an increase of 16%, or $380 million, compared to $2,323 million for the comparable period in 2023. For the year ended December 31, 2024 total revenues were $10,066 million, an increase of 20%, or $1,660 million, compared to $8,407 million for the comparable period in 2023. The increase for both the three and twelve month periods compared to the same periods in the prior year is primarily attributable to growth from acquisitions as the Company experienced organic growth of 1% and 2% respectively, 2% for both periods after adjusting for the impact of changes in the valuation of the US dollar against most major currencies in which the Company transacts business. Organic growth is not a standardized financial measure and might not be comparable to measures disclosed by other issuers.

    Net income attributable to common shareholders of CSI for the quarter ended December 31, 2024 was $285 million compared to $141 million for the same period in 2023. On a per share basis this translated into a net income per diluted share of $13.44 in the quarter ended December 31, 2024 compared to net income per diluted share of $6.65 for the same period in 2023. For the year ended December 31, 2024, net income attributable to common shareholders of CSI was $731 million or $34.48 per diluted share compared to $565 million or $26.67 per diluted share for the same period in 2023.

    For the quarter ended December 31, 2024, CFO increased $167 million to $678 million compared to $511 million for the same period in 2023 representing an increase of 33%. For the year ended December 31, 2024, CFO increased $417 million to $2,196 million compared to $1,779 million during the same period in 2023, representing an increase of 23%.

    For the quarter ended December 31, 2024, FCFA2S increased $157 million to $482 million compared to $325 million for the same period in 2023 representing an increase of 48%. For the year ended December 31, 2024, FCFA2S increased $312 million to $1,472 million compared to $1,160 million for the same period in 2023 representing an increase of 27%.

    Forward Looking Statements
    Certain statements herein may be “forward looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Constellation or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Constellation assumes no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances.

    Non-IFRS Measures
    Free cash flow available to shareholders ‘‘FCFA2S’’ refers to net cash flows from operating activities less interest paid on lease obligations, interest paid on debt, debt transaction costs, payments of lease obligations, the IRGA / TSS membership liability revaluation charge, and property and equipment purchased, and includes interest and dividends received, and the proceeds from sale of interest rate caps. The portion of this amount applicable to non-controlling interests is then deducted. We believe that FCFA2S is useful supplemental information as it provides an indication of the uncommitted cash flow that is available to shareholders if we do not make any acquisitions, or investments, and do not repay any debts. While we could use the FCFA2S to pay dividends or repurchase shares, our objective is to invest all of our FCFA2S in acquisitions which meet our hurdle rate.

    FCFA2S is not a recognized measure under IFRS and, accordingly, readers are cautioned that FCFA2S should not be construed as an alternative to net cash flows from operating activities.

    The following table reconciles FCFA2S to net cash flows from operating activities:

          Three months ended
    December 31,
          Year ended
    December 31,
       
          2024     2023         2024     2023      
        ($ in millions)   ($ in millions)  
                           
    Net cash flows from operating activities     678     511         2,196     1,779      
    Adjusted for:                      
    Interest paid on lease obligations     (4 )   (3 )       (14 )   (11 )    
    Interest paid on debt     (37 )   (37 )       (178 )   (133 )    
    Proceeds from sale of interest rate cap                     5      
    Debt transaction costs     (3 )   (2 )       (16 )   (5 )    
    Payments of lease obligations     (29 )   (31 )       (118 )   (109 )    
    IRGA / TSS membership liability revaluation charge     (61 )   (58 )       (183 )   (152 )    
    Property and equipment purchased     (25 )   (13 )       (67 )   (42 )    
    Interest and dividends received     9     2         33     3      
                           
          527     369         1,653     1,333      
    Less amount attributable to                      
    Non-controlling interests     (45 )   (44 )       (180 )   (173 )    
                           
    Free cash flow available to shareholders     482     325         1,472     1,160      
                           
    Due to rounding, certain totals may not foot.                      
                           

    About Constellation Software Inc.

    Constellation’s common shares are listed on the Toronto Stock Exchange under the symbol “CSU”. Constellation acquires, manages and builds vertical market software businesses.

    For further information:

    Jamal Baksh
    Chief Financial Officer
    (416) 861-9677
    info@csisoftware.com
    www.csisoftware.com

    SOURCE: CONSTELLATION SOFTWARE INC.

     
    CONSTELLATION SOFTWARE INC.
    Consolidated Statements of Financial Position
    (In millions of U.S. dollars, except per share amounts. Due to rounding, numbers presented may not foot.)
             
             
            December 31, 2024     December 31, 2023  
             
    Assets    
             
    Current assets:    
      Cash $ 1,980   $ 1,284  
      Accounts receivable   1,292     1,138  
      Unbilled revenue   369     325  
      Inventories   56     51  
      Other assets   597     541  
            4,294     3,339  
             
    Non-current assets:    
      Property and equipment   223     142  
      Right of use assets   328     312  
      Deferred income taxes   219     108  
      Other assets   329     286  
      Intangible assets   7,470     6,675  
            8,569     7,523  
             
    Total assets $ 12,863   $ 10,862  
             
    Liabilities and Shareholders’ Equity    
             
    Current liabilities:    
      Debt with recourse to Constellation Software Inc. $ 303   $ 861  
      Debt without recourse to Constellation Software Inc.   319     225  
      Redeemable preferred securities       814  
      Accounts payable and accrued liabilities   1,589     1,427  
      Dividends payable   21     21  
      Deferred revenue   1,967     1,757  
      Provisions   22     9  
      Acquisition holdback payables   225     168  
      Lease obligations   115     112  
      Income taxes payable   111     89  
            4,672     5,483  
             
    Non-current liabilities:    
      Debt with recourse to Constellation Software Inc.   1,855     863  
      Debt without recourse to Constellation Software Inc.   1,689     1,385  
      Deferred income taxes   673     604  
      Acquisition holdback payables   134     88  
      Lease obligations   252     236  
      Other liabilities   300     242  
            4,903     3,418  
             
    Total liabilities   9,575     8,901  
             
             
    Shareholders’ equity:    
      Capital stock   99     99  
      Accumulated other comprehensive income (loss)   (224 )   (99 )
      Retained earnings   2,919     1,876  
      Non-controlling interests   493     85  
            3,288     1,961  
             
             
             
    Total liabilities and shareholders’ equity $ 12,863   $ 10,862  
             
     
    CONSTELLATION SOFTWARE INC.
    Consolidated Statements of Income (loss)
    (In millions of U.S. dollars, except per share amounts. Due to rounding, numbers presented may not foot.)  
             
           
             
        Years ended December 31,  
          2024     2023    
             
             
    Revenue      
    License $ 393   $ 386    
    Professional services   1,975     1,766    
    Hardware and other   302     268    
    Maintenance and other recurring   7,396     5,985    
          10,066     8,407    
             
    Expenses      
    Staff   5,322     4,493    
    Hardware   169     158    
    Third party license, maintenance and professional services   960     810    
    Occupancy   64     51    
    Travel, telecommunications, supplies, software and equipment   502     398    
    Professional fees   178     151    
    Other, net   182     138    
    Depreciation   182     162    
    Amortization of intangible assets   1,044     859    
          8,602     7,219    
             
             
    Foreign exchange loss (gain)   (26 )   43    
    IRGA/TSS Membership liability revaluation charge   183     152    
    Finance and other expense (income)   (60 )   (34 )  
    Bargain purchase gain   (10 )   (54 )  
    Impairment of intangible and other non-financial assets   28     26    
    Redeemable preferred securities expense (income)   58     597    
    Finance costs   280     192    
          452     922    
             
    Income (loss) before income taxes   1,011     265    
             
    Current income tax expense (recovery)   525     370    
    Deferred income tax expense (recovery)   (281 )   (166 )  
    Income tax expense (recovery)   244     204    
             
    Net income (loss)   767     62    
             
    Net income (loss) attributable to:      
    Common shareholders of Constellation Software Inc.   731     565    
    Non-controlling interests   37     (503 )  
    Net income (loss)   767     62    
             
    Earnings per common share of Constellation Software Inc.      
      Basic and diluted $ 34.48   $ 26.67    
             
             
    CONSTELLATION SOFTWARE INC.
    Consolidated Statements of Comprehensive Income (loss)
    (In millions of U.S. dollars, except per share amounts. Due to rounding, numbers presented may not foot.)
             
             
             
      Years ended December 31,  
        2024       2023    
             
    Net income (loss) $ 767     $ 62    
             
    Items that are or may be reclassified subsequently to net income (loss):        
             
    Foreign currency translation differences from foreign operations and other, net of tax   (135 )     51    
             
    Other comprehensive income (loss), net of income tax   (135 )     51    
             
    Total comprehensive income (loss) $ 633     $ 113    
             
    Total other comprehensive income (loss) attributable to:        
    Common shareholders of Constellation Software Inc.   (119 )     38    
    Non-controlling interests   (16 )     13    
    Total other comprehensive income (loss) $ (135 )   $ 51    
             
    Total comprehensive income (loss) attributable to:        
    Common shareholders of Constellation Software Inc.   612       603    
    Non-controlling interests   21       (490 )  
    Total comprehensive income (loss) $ 633     $ 113    
             
                 
    CONSTELLATION SOFTWARE INC.
    Consolidated Statement of Changes in Equity
    (In millions of U.S. dollars, except per share amounts. Due to rounding, numbers presented may not foot.)
                     
                     
    Year ended December 31, 2024
          Equity Attributable to Common Shareholders of CSI    
          Capital
    stock
    Accumulated
    other
    comprehensive
    income (loss)
    Retained
    earnings
    Total Non-controlling
    interests
    Total equity
                     
    Balance at January 1, 2024 $ 99 $ (99 ) $ 1,876   $ 1,877   $ 85   $ 1,961  
                     
    Total comprehensive income (loss):            
                     
    Net income (loss)         731     731     37     767  
                     
    Other comprehensive income (loss)            
                     
    Foreign currency translation differences from            
      foreign operations and other, net of tax     (119 )       (119 )   (16 )   (135 )
                     
                 
    Total other comprehensive income (loss)     (119 )       (119 )   (16 )   (135 )
                     
    Total comprehensive income (loss)     (119 )   731     612     21     633  
                     
    Transactions with owners, recorded directly in equity            
                     
    Non-controlling interests arising from business combinations                 (0 )   (0 )
                     
    Conversion of Lumine Special Shares to subordinate voting shares of Lumine and settlement of accrued dividend on Lumine Special Shares through the issuance of subordinate voting shares of Lumine                 872     872  
                     
    Conversion of Lumine Preferred Shares to subordinate voting shares of Lumine and settlement of accrued dividend on Lumine Preferred Shares through the issuance of subordinate voting shares of Lumine     (6 )   400     394     (394 )    
                     
    Other movements in non-controlling interests         (2 )   (2 )   (2 )   (4 )
                     
    Dividends paid to non-controlling interests                 (89 )   (89 )
                     
    Dividends to shareholders of the Company         (85 )   (85 )       (85 )
                     
    Balance at December 31, 2024 $ 99 $ (224 ) $ 2,919   $ 2,795   $ 493   $ 3,288  
                     
                   
    CONSTELLATION SOFTWARE INC.              
    Consolidated Statement of Changes in Equity          
    (In millions of U.S. dollars, except per share amounts. Due to rounding, numbers presented may not foot.)  
                       
                       
    Year ended December 31, 2023              
                       
          Equity Attributable to Common Shareholders of CSI      
          Capital
    stock
    Accumulated
    other
    comprehensive
    income (loss)
    Retained
    earnings
    Total Non-controlling
    interests
    Total equity  
                       
    Balance at January 1, 2023 $ 99 $ (150 ) $ 1,763   $ 1,713   $ 221   $ 1,933    
                       
    Total comprehensive income (loss):              
                       
    Net income (loss)         565     565     (503 )   62    
                       
    Other comprehensive income (loss)              
                       
    Foreign currency translation differences from              
      foreign operations and other, net of tax     38         38     13     51    
                       
    Total other comprehensive income (loss)     38         38     13     51    
                       
    Total comprehensive income (loss)     38     565     603     (490 )   113    
                       
    Transactions with owners, recorded directly in equity              
                       
    Special dividend of Lumine Subordinate Voting Shares     12     (378 )   (366 )   366        
                       
    Non-controlling interests arising from business combinations           2     2    
                       
    Acquisition of non-controlling interests                 (2 )   (2 )  
                       
    Conversion of Lumine Special Shares to subordinate voting shares of Lumine                 5     5    
                       
    Other movements in non-controlling interests     0     15     15     (17 )   (2 )  
                       
    Other distributions and movements in equity     2     (4 )   (3 )       (3 )  
                       
      Dividends to shareholders of the Company (note 17)         (85 )   (85 )       (85 )  
                       
    Balance at December 31, 2023 $ 99 $ (99 ) $ 1,876   $ 1,877   $ 85   $ 1,961    
                       
             
    CONSTELLATION SOFTWARE INC.
    Consolidated Statements of Cash Flows
    (In millions of U.S. dollars, except per share amounts. Due to rounding, numbers presented may not foot.)  
                 
                 
                 
          Years ended December 31,  
            2024       2023    
                 
    Cash flows from (used in) operating activities:        
      Net income (loss) $ 767     $ 62    
      Adjustments for:        
        Depreciation   182       162    
        Amortization of intangible assets   1,044       859    
        IRGA/TSS Membership liability revaluation charge   183       152    
        Finance and other expense (income)   (60 )     (34 )  
        Bargain purchase (gain)   (10 )     (54 )  
        Impairment of intangible and other non-financial assets   28       26    
        Redeemable preferred securities expense (income)   58       597    
        Finance costs   280       192    
        Income tax expense (recovery)   244       204    
        Foreign exchange loss (gain)   (26 )     43    
        Depreciation of third party costs   12          
      Change in non-cash operating assets and liabilities        
        exclusive of effects of business combinations   (45 )     (36 )  
      Income taxes paid   (460 )     (394 )  
      Net cash flows from (used in) operating activities   2,196       1,779    
                 
    Cash flows from (used in) financing activities:        
      Interest paid on lease obligations   (14 )     (11 )  
      Interest paid on debt   (178 )     (133 )  
      Proceeds from sale of interest rate cap         5    
      Increase (decrease) in CSI facility   (578 )     256    
      Increase (decrease) in Topicus revolving credit debt facility without recourse to CSI   73       27    
      Proceeds from issuance of debentures         209    
      Proceeds from issuance of Senior Notes   1,000          
      Proceeds from issuance of debt facilities without recourse to CSI   381       447    
      Repayments of debt facilities without recourse to CSI   (149 )     (282 )  
      Other financing activities   (25 )     (1 )  
      Dividends paid to non-controlling interests   (89 )        
      Debt transaction costs   (16 )     (5 )  
      Payments of lease obligations, net of sublease receipts   (118 )     (109 )  
      Distribution to the Joday Group   (64 )        
      Principal repayments to the Joday Group pursuant to the Call Notice   (22 )        
      Dividends paid to common shareholders of the Company   (85 )     (85 )  
      Net cash flows from (used in) in financing activities   114       316    
                 
    Cash flows from (used in) investing activities:        
      Acquisition of businesses   (1,347 )     (1,609 )  
      Cash obtained with acquired businesses   164       152    
      Post-acquisition settlement payments, net of receipts   (336 )     (238 )  
      Purchases of investments and other assets   (8 )     (23 )  
      Proceeds from sales of other investments and other assets   7       119    
      Decrease (increase) in restricted cash   (14 )     (2 )  
      Interest, dividends and other proceeds received   33       4    
      Property and equipment purchased   (67 )     (42 )  
      Net cash flows from (used in) investing activities   (1,567 )     (1,639 )  
                 
    Effect of foreign currency on        
      cash   (48 )     17    
                 
    Increase (decrease) in cash   696       473    
                 
    Cash, beginning of period $ 1,284     $ 811    
                 
    Cash, end of period $ 1,980     $ 1,284    
                 

    The MIL Network

  • MIL-OSI Submissions: East Europe – Startup Moldova Summit 2025: The Biggest Startup & Investment Event in Moldova

    Source: Startup Moldova

    Chișinău, Moldova – March 06, 2025 –The Startup Moldova Summit is the country’s premier and most highly anticipated event, serving as the largest gathering for the startup ecosystem and business innovation. Unique in its scale, it attracts a diverse mix of international and local participants, startup founders, investors and industry leaders, offering a platform to showcase Moldova’s entrepreneurial and innovation potential.

    This year, the Startup Moldova Summit, now in its 5th edition, is expanding to twice the scale of last year, anticipating over 800 in-person attendees, 10,000+ online participants, and speakers from over 30 countries who will present on two dedicated stages. Over 50 investors and VC funds will be present for high-quality matchmaking and networking with startups.

    Startup Moldova Summit 2025 will focus on three key pillars essential for startup success: Talent, Scaling, and Investment. Attendees will have access to:

    Keynote Speeches, Presentations & Panel Discussions: Insights from top international investors, entrepreneurs, and industry leaders.
    Masterclasses & Practical Workshops: Practical sessions on fundraising, product development, scaling, and market expansion delivered by industry experts from around the world.
    Reverse Pitching Sessions: Investors will take the stage to pitch their offers to startups, giving founders a unique opportunity to align with investors expectations.
    Matchmaking & Networking: Facilitated B2B meetings between startups, investors, government and corporate partners.
    Post-Event Party: An informal gathering of top ecosystem players to combine business and wine tasting.

    For the first time, the Summit will host the Startup World Cup regional competition in Moldova. The founders will pitch their startups to local and foreign investors, and the winner will represent Moldova at the global Startup World Cup event in San Francisco later this year, competing for a $1,000,000 prize.

    Startup Moldova Summit 2025 is the must-attend event for:

    Entrepreneurs – looking to scale their businesses and attract investments.
    Investors – seeking the next big opportunity in Moldova’s emerging tech ecosystem.
    Corporate leaders – looking to stay ahead of innovation trend and connect with the next generation of disruptive startups.
    Tech and startup enthusiasts eager to gain insights from industry leaders, expand their networks, and be part of Moldova’s growing innovation movement

    Summit’s speakers lineup:  

    Fonz Morris, Design Lead, Global Conversion & Monetization at Netflix
    Sasha Vidiborskiy, Partner at Atomico
    Vasile Tofan, Senior Partner at Horizon Capital
    Marius Ghenea, Managing Partner at Catalyst Romania, Board Director at SeedBlink, ex-Jury at Arena Leilor
    Marius Istrate, Chairman of the Board at TechAngels Romania, ex-CPO at UiPAth
    Ashot Arzumanyan, Partner at SmartGateVC
    Irina Misca, Investment Manager at Fortech Investments

    About Startup Ecosystem in Moldova:

    Despite being a relatively young, with most startups still in the pre-seed and seed stages, 80% have already expanded beyond Moldova, successfully operating in regional and global markets. While no specific vertical dominates just yet, we’re seeing growing clusters in HealthTech, FinTech, MarTech, and EdTech.

    In 2024, Moldovan startups in our ecosystem generated over $40 million in revenue, created over 1,000 new jobs, with teams averaging just over nine members. 17% of startup co-founders are women. Moldovan startups raised over $44.5 million in investments over the last several years, out of which  $7.9 million —double the amount raised in 2023, was raised in 2024 by 30 startups. Most startups that secured investments in 2024 have raised multiple rounds, with a median of 2 rounds per startup.

    Top Performers 2024:

    NodeShift: a cloud service provider that enables companies to create and run safe applications on a budget – raised $3.2 million
    Greeno: a tool that offers accurate agronomic, financial, and sustainability insights for any specific field or farm – raised $1.325 million
    Fagura: a P2P platform for individuals and SMEs who borrow from and lend to each other – raised $1.1 million
    Aspect Health: a digital health platform dedicated to improving women’s metabolic health through innovative technology and lifestyle interventions – raised $1 million

    About Startup Moldova:

    Startup Moldova, the organiser of the summit, is a private foundation established in 2021, governed by a board of independent members from the IT, startup, and investment community. As the leading organization supporting Moldova’s startup ecosystem, Startup Moldova is committed to fostering innovation, entrepreneurship, and digital transformation. The Foundation actively engages with over 250 startups, tracking their progress in this database, and providing them with necessary expertise, funding, international exposure and other opportunities they need to thrive and contribute to the economic growth and prosperity of our nation.

    Although Moldova is one of the smallest countries in Europe, it is home to some of the most ambitious, innovative, and entrepreneurial individuals. The startup ecosystem of Moldova is rapidly growing, fueled by visionary founders and strong community support.

    The development of Moldova’s startup ecosystem began over 14 years ago. The Startup Moldova Summit has always been an integral part of this journey, initially organized within the ICT Moldova Summit. Five years ago, in response to the expanding startup community, the Startup Moldova Summit became an independent event organized by Startup Moldova in collaboration with key ecosystem partners: Moldova Innovation Technology Park, Dreamups, Technovator, XY Partners, Yep! Moldova, ATIC, Mozaic, and BAM.

    Startup Moldova Summit 2025 is organised with support from EU4Innovation East project, implemented by Expertise France, funded by the European Union and co-funded by the French Government. The event is also supported by Ukraine-Moldova American Enterprise Fund.

    Save your spot:

     Location: Chișinău, Moldova / Mediacor

     More details & registration: https://summit2025.startupmoldova.digital

    MIL OSI – Submitted News

  • MIL-OSI Economics: African Development Bank Group’s AFAWA initiative takes stage at Élysée Palace International Women’s Day event

    Source: African Development Bank Group
    The African Development Bank Group is showcasing its transformation of Africa’s financial sector to provide Africa’s women entrepreneurs billions of U.S. dollars to grow their businesses at an event organized by French President Emmanuel Macron ahead of International Women’s Day.

    MIL OSI Economics

  • MIL-OSI USA: Ernst, Paul Demand Answers on Planned Parenthood Receiving Millions in PPP Funding

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)

    WASHINGTON – U.S. Senate Committee on Small Business and Entrepreneurship Chair Joni Ernst (R-Iowa) and U.S. Senate Committee on Homeland Security and Governmental Affairs Chair Rand Paul (R-Ky.) asked the Small Business Administration (SBA) to share how the Planned Parenthood Federation of America (PPFA) unlawfully received millions of dollars in funding from the Paycheck Protection Program (PPP) and had 34 loans forgiven by the Biden administration.
    Ernst and Paul have repeatedly demanded answers over how the funding was approved, and loans were forgiven despite PPFA being ineligible to receive PPP funds but were stonewalled at every turn by the Biden administration.
    “On May 19, 2020, SBA notified a number of PPFA affiliates that they had wrongfully applied for 38 PPP loans totaling more than $80 million dollars. SBA determined that these local affiliates of PPFA were ineligible for PPP loans under the applicable affiliation rules and size standards and that the loans they received should be returned. Despite this determination, the SBA, under the Biden administration, approved further loans in 2021 totaling nearly $40 million,” wrote the senators.
    “Over the years, we’ve repeatedly sought out this information. During a Committee on Small Business and Entrepreneurship hearing on March 24, 2021, we questioned then-Associate Administrator of SBA’s Office of Capital Access, Patrick Kelley, about the new information suggesting Planned Parenthood affiliates had received second draw loans despite the agency’s previous determination that these entities were ineligible. Mr. Kelley testified that the SBA had not reversed the longstanding application of affiliation rules or changed any rule related to affiliation. Following this, we sent multiple letters on April 15, 2021, May 10, 2021, May 20, 2021, and again on April 26, 2022, requesting further information. However, SBA failed to provide the required information,” the senators continued.
    Click here to view the letter.
    Background:
    Ernst has introduced legislation to defund Planned Parenthood by prohibiting it from receiving federal funding.
    Senator Ernst’s unwavering commitment to protecting the rights of the unborn recently earned her an “A+” on the Susan B. Anthony List National Pro-Life Scorecard.

    MIL OSI USA News

  • MIL-OSI USA: Murphy: Six Weeks In, This White House Is On Its Way To Being The Most Corrupt In U.S. History

    US Senate News:

    Source: United States Senator for Connecticut – Chris Murphy

    [embedded content]

    WASHINGTON—U.S. Senator Chris Murphy (D-Conn.) on Thursday spoke on the U.S. Senate floor to expose the unprecedented corruption of the Trump administration’s first six weeks in office. Murphy condemned Trump’s normalization of pay-to-play politics, where billionaire donors dictate policy and taxpayer money is funneled into the pockets of the president, Elon Musk, and the corporate elite.

    “In the first six weeks of the Trump presidency, Trump and Elon Musk and their billionaire friends have engaged in a stunning rampage of open public corruption,” Murphy said. “It’s not fundamentally different than what happened in Russia. These are efforts to steal from the American people to enrich themselves. And their strategy is to do it all out in the open, to do it at such a dizzying pace that the country just gets overwhelmed or anesthetized or dulled into a sense that we just all have to accept the corruption – or, maybe more charitably, that this is just how government works, that government is just corrupt, and so the fact that it’s happening out in the open instead of happening secretly, well, it’s really nothing new.”

    Murphy laid out more than 20 examples of blatant corruption from just the first six weeks of the Trump presidency, including:

    1. The launch of Trump’s meme coin, enabling anyone seeking to influence the administration to privately funnel money directly to the president.
    2. The gutting and manipulation of watchdog agencies like the NLRB, CFPB, and OSHA to benefit Elon Musk, the billionaires in Trump’s cabinet, and other elites.
    3. The Eric Adams quid pro quo and the weaponization of the DOJ to reinforce a system of political retribution and favoritism.
    4. The use of government contracts and stock deals to reward Trump’s allies, enriching them through taxpayer-funded opportunities and further consolidating political power.

    “This is how democracies die,” Murphy continued. “Democracies die when the very powerful people steal from us so regularly, so openly, so unapologetically, that we come to believe that it’s normal. And listen, I understand that many Americans may think that all of this stuff just used to happen quietly, and the only difference is that Trump and Musk are just putting it all out in the open. And I’m not saying that there haven’t been instances of corruption. Democrats and Republicans in this body have been accused of, and convicted of, acts of corruption. It has been a fact of life in American politics for a long time. But never before has the corruption happened this openly or this frequently. And so I lay it all out for you this afternoon in the hopes that it is not too late for us to decide to stand up, as a body and as a nation, to say that this isn’t okay.”

    He concluded: “The Trump meme coin is not okay. It’s not okay for people who have interest before the federal government to be able to anonymously funnel money to the president of the United States. It’s not okay for Elon Musk to have access to Department of Labor enforcement data, against him or his competitors, that nobody else gets access to. It’s not okay to just cancel contracts that were going to Musk’s competitors and substitute in his own business, just because he has the ability to do it as a friend of Donald Trump. The rule of law matters. Doing things by the rules matter. This level of corruption was not occurring behind the scenes prior. It is not just that the cover got pulled off of it all. And it’s our decision, as a body and as a country, to decide not to normalize this scale of corruption.”

    A full transcript of his remarks can be found below:

    MURPHY: “Mr. President, I’m a big Boston Red Sox fan. One of the most famous players in Red Sox recent history is Manny Ramirez. Manny Ramirez was a good baseball player, but he had a habit of doing some pretty ridiculous things on the field and off the field that were really detrimental to the team, some really bizarre on-field behavior – cutting off throws from other outfielders before they got to the infield – bizarre off-the-field behavior that disrupted the team. It became so regular that a phrase was adopted among the Red Sox fans: ‘That’s just Manny being Manny.’ Over the years it just was accepted that every year Manny Ramirez was going to do a whole bunch of stuff that was really detrimental to the team. And over time, it just kind of became accepted, that that was a fact of life, a way of life with Manny Ramirez. And as time went on, people reacted less hostilely. It barely got noticed in some cases when he was engaged in these detrimental forms of conduct. 

    “And I tell that story because it stands for kind of a universal concept: when bad behavior gets normalized, it no longer feels like bad behavior. Even if that behavior is hurting people. Today, the world is littered with corrupt governments, governments where the leaders and the really rich men who surround the leaders – the oligarchs – steal from people. That’s what they do, the leaders and the leaders’ friends just keep a hand constantly in the government treasury and they steal taxpayer dollars. They rig the rules of the economy in order to make themselves fabulously rich. They hurt the citizens of those countries. 

    “Vladimir Putin, for instance, has never had a job outside of government, but he’s reportedly worth $200 billion. One of his many houses cost $1.4 billion to build, supposedly the landscaping costs on an annual basis for that house are $2 million alone. That $1.4 billion house was paid for by money he stole from the Russian treasury. In other words, he stole it from the Russian people. Putin and his friends have been doing it for so long and doing it so openly and brazenly – Putin, for instance, wears a watch that retails for half a million dollars, even though his official salary is only $140,000. They’ve been doing this so openly and brazenly, they’re so public in their corruption in Russia, that it’s just accepted. It’s just mainstream, the fact that Putin and his cronies steal from the Russian people. 

    “That’s what’s happening in America today. And it’s heartbreaking for me to say this, but in the first six weeks of the Trump presidency, Trump and Elon Musk and their billionaire friends have engaged in a stunning rampage of open public corruption. It’s not fundamentally different than what happened in Russia. These are efforts to steal from the American people to enrich themselves. And their strategy is to do it all out in the open, to do it at such a dizzying pace that the country just gets overwhelmed or anesthetized or dulled into a sense that we just all have to accept the corruption – or, maybe more charitably, that this is just how government works, that government is just corrupt, and so the fact that it’s happening out in the open instead of happening secretly, well, it’s really nothing new. 

    “But this is not how government works. The things that have happened over the last six weeks are unprecedented. The president and his billionaire friends are not supposed to steal from us. They are not supposed to use their power and their access to power – their access to government levers – to rig the rules to enrich themselves. That has always been wrong. It is still wrong. And we do not have to accept this. 

    “And so in the next few minutes, I want to try out an exercise. I want to try to lay out for you as quickly as I can just some of the most significant instances of blatantly corrupt activity that’s happened in just the first six weeks of Trump’s presidency. When you see it all together, there is no way to avoid a simple conclusion. This White House is on its way to being the most corrupt in the history of the country. And just because they are doing it out in the open for everybody to see doesn’t mean that it’s not corrupt. 

    “My hope is that if you see it all in one place, the gravity of this moment may hit you. My hope is that my colleagues and the public choose not to normalize a president or his advisors using the Oval Office as a blunt mechanism to make themselves even wealthier. It is our decision – our decision – to have zero tolerance for corruption. It’s also our decision to just decide to become a place like Russia where our leaders are allowed to routinely steal from us. 

    “This is a heartbreakingly long list. This is just 20 or so examples of corrupt behavior in the first six weeks of the Trump presidency. So here it goes. We’re going to start on January 17. 

    “On January 17, Trump launches the meme coin. This is maybe the most corrupt of all of the acts, because what is the meme coin? The meme coin is essentially a mechanism by which Russian oligarchs or corporate CEO’s can literally send money privately directly to Donald Trump. Nobody knows who buys the meme coin, but Trump makes money when people buy it. And so it is just an open sewer valve that allows for anybody who is trying to influence the Trump administration to be able to secretly funnel money to Donald Trump. He reserves 80% of the coin. He waits to release that coin until the price jumps back up again, which essentially means he’s waiting for people who want favors from him to buy a bunch of the coin to inflate the value so that he releases more and makes more money. It’s a disgusting kind of corruption because this is essentially Trump just posting his Venmo for anybody secretly to wire him as much money as they want. We’ve never seen something like this before where anybody who has anything to gain from the Trump administration, through a manipulation of the value of Trump’s meme coin, can funnel money directly to the president, whisper in his ear, ‘That was me. That was me that purchased all that coin, that jumped up the value that allowed you to release new coin. Hey, take care of me on the back end.’

    “On January 20, when he’s sworn in, he institutes his new energy agenda. Now, open reporting suggested that during the campaign he met with the oil and gas industry and they cut a deal in which the oil and gas industry would give him a billion dollars of campaign contributions in order to receive favorable treatment when Trump was sworn in. And guess what happens on January 20? Trump unveils his energy strategy, and what does it do? It preferences oil and gas and it punishes oil and gas’ competitors. It, for instance, freezes all permits on wind projects, both for the land and the sea. It undercuts permitting processes, not for oil and gas but for oil and gas’ competitors. Oil and gas got exactly what they asked for. They gave a campaign contribution and they got the favorable treatment. Five days later, Trump fires 17 inspectors general. What do inspectors general do? They look for corruption inside of these agencies. What do you do if you are trying to engage in corruption, if you are trying to steal from the American people? You fire the inspectors general. 

    “Two days later, on January 27, Trump fires Gwynne Wilcox from the NLRB, the National Labor Relations Board. When she’s fired, the National Labor Relations Board cannot function any longer? Why does this matter? Because the person that’s been put in charge of reviewing the hirings and firings of these agencies is Elon Musk, who, by the way, has lots of cases before the NLRB. So do the people that are standing behind Trump during the inauguration. Almost all of them have active cases before the NLRB. The billionaires supporting Donald Trump now don’t have to worry about the NLRB because on January 27, the NLRB is rendered powerless. 

    “Three days later, on January 30, Trump awards more than $800,000 worth of stock to several of the board members of the Trump Media and Technology Group. This is the publicly traded company behind his social media platform. So now his Cabinet members – people like Kash Patel and Linda Mcmahon – are owning equity in Trump’s media platform; equity that can be cashed out, sold to people who want to buy them out of their interest at any time. Those people who might want to buy them out, Cabinet members, could be individuals with issues before the Department of Education, before the FBI. Yet another avenue in which people who have influence, who want to gain influence inside the Trump administration, have a conduit to be able to move cash from their pocketbooks, from their treasury, from their bank accounts, into the bank accounts of Trump cabinet members. 

    “Shortly thereafter, we start to see the weaponization of the DOJ. On February 23, a civil complaint from DOJ that had been pending against SpaceX– Elon Musk’s signature company – is dropped. Eight days later, the DOJ drops a case against a Republican Congressman. On February 19, two or three weeks later, the DOJ opens up something called Operation Whirlwind, which threatens anyone who dares to criticize the work of Elon Musk and DOGE. Over the course of the next three weeks, the DOJ is turned into an entity that drops cases against those who are loyal to Donald Trump and pursues aggressively investigations against those who are trying to criticize Donald Trump. 

    “On February 1, Trump fires the director of the CFPB and announces plans to shut down – to shutter – the Consumer Financial Protection Board. Again, very much like the NLRB, this is an agency that was, at the moment that it was rendered powerless, investigating Elon Musk and many of the biggest financial backers of Donald Trump. So once again, those that have access to Donald Trump, the billionaires that are close to him, now don’t have to worry about labor violations being investigated by the NLRB, now they don’t have to worry about consumer protection actions being taken against them by the CFPB.

    “On February 4, there is the first of two extraordinary meetings in the White House in which Donald Trump convenes his business partners – his business patterns – the Saudi Golf League and the PGA to try to negotiate a solution to the dispute between those two golf leagues. Why? Because Trump has a business interest in that dispute being resolved. The Saudi Golf League plays tournaments at Trump’s courses in the United States, so if the White House, using its official power, can try to negotiate a settlement between those two groups, Trump stands to make money. 

    “On February 6, something absolutely stunning happens. Pam Bondi, the AG, issues a memorandum in which she proposes to dull the criminal enforcement of the Foreign Agents Registration Act.

    If you are representing a foreign government before the United States, you have to register so that we know if you are acting on behalf of American interests or you are acting on behalf of foreign interests. In the prior Trump administration, Trump officials got in big trouble for secretly working for, and getting paid by, foreign governments without registering. Well, what does Trump announce? That they are going to limit the applicability of the enforcement of that statute, making it much easier for Trump’s friends – for his MAGA crowd, for the people who show up to Mar-a-Lago – to get paid quietly by foreign governments in order to influence Donald Trump.

    “On February 10, maybe aside from the meme coin, the most stunning act of corruption: the Eric Adams quid pro quo, in which Eric Adams, indicted for corruption, is let off the hook. His charges are dismissed in exchange for the mayor’s pledge of political loyalty to Donald Trump. They literally went on TV and announced the deal that we’re getting rid of the charges against Eric Adams, as long as the mayor pledges political loyalty to the President. That was so corrupt that six or seven DOJ officials resigned, because they refused to withdraw those charges, but the deal went through because the seventh, or the eighth, or the ninth official finally filed the withdrawal. 

    “And now in America, it is 100% clear that if you want to get away with corruption, if you want to steal from your constituents and you’re an elected official in this country, all you have to do is just sign up for political loyalty with Donald Trump, and he will instruct the Department of Justice to let you get away with it.

    “On February 10, Donald Trump directs the DOJ to pause enforcement of U.S. laws that prohibit companies from paying bribes overseas. Come on! Like, come on! He instructs the DOJ to pause enforcement of U.S. laws that prohibit companies to pay bribes overseas. Here’s an example: Goldman Sachs was engaged in outright bribery–they were paying bribes to Malaysian officials, so that they could get a contract to manage the resources of the Malaysian sovereign wealth fund. 

    “American companies should not be overseas bribing foreign governments. That compromises America’s reputation and America’s national security. But now, we are going to pause enforcement of the laws that stop American companies from bribing foreign governments, because corruption is now being normalized. This is what you do if you want to normalize corruption, is that you make it legal for American companies to engage in corruption overseas. That makes it easier for Trump to get away with corruption here.

    “Two days later, on February 12, the announcement comes out that the State Department is going to buy $400 million of armored Teslas. Okay, so now it’s getting even more blatant. It’s getting even more brazen. The State Department is just going to buy a whole bunch of product from Elon Musk, product they were not previously scheduled to buy. It is true that the Biden administration had a blueprint that was going to buy some electric vehicles, but it was around $483,000-worth of vehicles. Trump revises that blueprint of spending so that now the federal government is going to spend $400 million on armored Teslas from Elon Musk.

    “Let’s see: that’s February 12. That same day, Elon Musk’s people infiltrate the Department of Labor. And reporting suggests that during that infiltration, Elon Musk’s personal representatives get access to enforcement information at OSHA, not only against Elon Musk’s companies–and by the way, SpaceX has an employee injury rate that is nine times higher than the industry average–but also workplace safety violations against Elon Musk’s competitors. Here’s the message: if you are close to Donald Trump personally, if you support him politically, you can get secret access to enforcement data against your companies and your companies’ competitors. That’s what happens on February 12. 

    “Three days later, there’s some suspicious firings at the FDA. Again, related to Elon Musk’s personal financial interests. Elon Musk owns a medical device company called Neuralink. It is currently being reviewed by the FDA. And guess what? On February 15 and 16, all over a weekend, there are 20 people fired from the FDA’s Office of Neurological and Physical Medicine Devices. Fired by DOGE, run by Elon Musk. Clear message: you’re going to get fired if you aren’t on the right side of Elon Musk’s application. Now, whether that was explicit or not, if the guy who is firing you has a pending application before your department, aren’t you going to think twice? Aren’t you going to think twice about ruling against his interests? This is why this is all unprecedented. Again, this feels normal because it’s been happening every day. But never before in American history have we allowed someone who has a pending application for approval of a medicine or a medical device to be able to personally decide who gets hired and who gets fired at the regulatory agency making the decision over that medical device.

    “But now, this stuff is happening every day. Because on February 15 as well, that same weekend, there’s an announcement that the FDA cuts are going to be even deeper, perhaps as big as 50%. That means that hundreds of drugs and devices won’t get approved at the FDA. And you know who benefits from that? The folks that are selling the snake oil products. And guess who’s selling the snake oil products? The people who work for Donald Trump, selling vita-gummy scams. The Director of the FBI is selling vaccine reversal pills. When the FDA gets gutted, it’s the people who sell those unregulated products who stand to gain.

    “On February 19, four days later, we find out that the IRS is going to be cut by 7,000 people. And the biggest chunk of the folks who are going to be laid off are the people who do the audits of the billionaires, and the millionaires, and the corporations. And so once again, Elon Musk and the people standing behind Donald Trump on Inauguration Day are going to get off, because the IRS just had its enforcement powers–its audit powers–absolutely gutted.”

    “That same day, on February 19, you start to receive word that advertising on Elon Musk’s platform is starting to grow again. And the reporting on February 19 indicates that American companies have come to the collective decision that they need to keep advertising on Elon Musk’s platform, because Elon Musk has so much regulatory power inside the federal government. That they need to make sure they’re paying Musk through Twitter and through X, so that if they ultimately need something from the federal government, they can get it. This, again, is why we have never, ever in the history of this country, allowed for the richest man in the world, somebody who controls major companies, to also have an official position inside the government. Because, of course, of course, it opens up these clear avenues where people are going to do business with him privately to try to curry favor with him publicly.

    “I’m not done. It just keeps going. The next day, on February 20, the CDC’s Advisory Committee on Immunization Practices’s monthly meeting is canceled and not rescheduled. And so we were very worried that Robert F. Kennedy Jr., who makes money off of his attacks on vaccines, would continue those attacks when he took over HHS. Because if faith in vaccines continues to plummet, it is very likely that RFK Jr. will make money. Why? Because the not-for-profit that he will likely return to, the company that he will return to after he leaves, makes money as vaccine misinformation spreads, and he also continues to collect fees for referring cases to a company that handles claims of personal injury due to vaccines. And so when the CDC’s Advisory Committee on Immunization Practices is canceled, it is a clear indication that yes, this campaign of assault on vaccines is going to continue, which, not surprisingly, is likely to make RFK Jr. even more money.

    “On February 26, we see Trump’s MAGA hats, that are for sale on his website, displayed in the Oval Office. And it’s just a reminder that so many people inside Trump’s universe continue to sell merchandise on the side in order to make money. Donald Trump has always done this, and we’ve just accepted it, even though it is a kind of corruption in and of itself. But Kash Patel, the Director of the FBI, is still selling Kash-branded merchandise even while he’s going to run the FBI. Elon Musk and others are selling DOGE merchandise. So as they trumpet their brand inside the government, they’re making money off their brand outside of the government.

    “On February 26, maybe the third-most significant [instance] of brazen corruption happens. News breaks that Elon Musk is just going to have the FAA cancel a contract with Verizon that has been in the works for years, and instead just substitute in Starlink for Verizon. Just extraordinary that this is happening in plain view of everybody. Elon Musk takes his private company, uses his access to government to just shove out of the way his competitors, and instead insert himself and his company. Again, we’ve never seen this ever before in American history, and now it’s happening on a daily basis.

    “And now we get to this week. This week, Wired reports that guests are paying millions of dollars to dine with Donald Trump at Mar-A-Lago, and business leaders are being targeted with advertisements that sell access to a one-on-one meeting with the President of the United States for $5 million. Come on! Like, seriously! There’s advertisements that say if you’re a business CEO and you pay $5 million to Donald Trump, you can get a meeting with him. This isn’t okay! And yet, because it happens every single day, every single day they’re asking for us to pretend that this is normal. This is just six weeks. It’s just six weeks. And the last thing on the list is an offer to meet with the president for $1 million or $5 million. If any previous president had sent out an advertisement suggesting that you can meet with them for a payment to them of $1 million to $5 million, in and of itself we would deem that to be unacceptable. But Donald Trump and Elon Musk believe that because they have arranged this dizzying pace of corruption, in which not a day goes by in which something doesn’t happen inside our government in which Elon Musk or Donald Trump use their power in order to rig the rules to enrich themselves, that we are all going to feel that it’s normal.

    “This is how democracies die. Democracies die when the very powerful people steal from us so regularly, so openly, so unapologetically, that we come to believe that it’s normal. And listen, I understand that many Americans may think that all of this stuff just used to happen quietly, and the only difference is that Trump and Musk are just putting it all out in the open. And I’m not saying that there haven’t been instances of corruption. Democrats and Republicans in this body have been accused of, and convicted of, acts of corruption. It has been a fact of life in American politics for a long time. But never before has the corruption happened this openly or this frequently. And so I lay it all out for you this afternoon in the hopes that it is not too late for us to decide to stand up, as a body and as a nation, to say that this isn’t okay.

    “The Trump meme coin is not okay. It’s not okay for people who have interest before the federal government to be able to anonymously funnel money to the president of the United States. It’s not okay for Elon Musk to have access to Department of Labor enforcement data, against him or his competitors, that nobody else gets access to. It’s not okay to just cancel contracts that were going to Musk’s competitors and substitute in his own business, just because he has the ability to do it as a friend of Donald Trump. The rule of law matters. Doing things by the rules matter. This level of corruption was not occurring behind the scenes prior. It is not just that the cover got pulled off of it all. And it’s our decision, as a body and as a country, to decide not to normalize this scale of corruption. I yield the floor.”

    MIL OSI USA News

  • MIL-OSI: Canoe EIT Income Fund Announces March 2025 Monthly Distribution

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, March 07, 2025 (GLOBE NEWSWIRE) — Canoe EIT Income Fund (the “Fund”) (TSX – EIT.UN) announces the March 2025 monthly distribution of $0.10 per unit. Unitholders of record on March 21, 2025, will receive distributions payable on April 15, 2025.

    About Canoe EIT Income Fund
    Canoe EIT Income Fund is one of Canada’s largest closed-end investment funds, designed to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high quality securities. The Fund is listed on the TSX under the symbol EIT.UN, and is actively managed by Robert Taylor, Senior Vice President and Chief Investment Officer, Canoe Financial.

    About Canoe Financial
    Canoe Financial is one of Canada’s fastest growing independent mutual fund companies managing over $19,5 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal.

    For further information, please contact:
    Investor Relations
    1–877–434–2796
    www.canoefinancial.com
    info@canoefinancial.com

    Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America.

    The Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit. A ROC reduces the amount of your original investment and may result in the return to you of the entire amount of your original investment. ROC that is not reinvested will reduce the net asset value of the fund, which could reduce the fund’s ability to generate future income. You should not draw any conclusions about the fund’s investment performance from the amount of this distribution.

    Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the information filed about the fund on www.sedar.com before investing. Investment funds are not guaranteed and past performance may not be repeated.

    This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.

    The MIL Network

  • MIL-OSI Video: Fast Rope Training

    Source: United States Department of Defense (video statements)

    —————
    Fast Rope Training

    @marines with 22nd Marine Expeditionary Unit participate in a land-based training exercise at Fort Barfoot, Va., to strengthen both cohesion with the Marine Air-Ground Task Force and integration with @USNavy operations.

    For more on the Department of Defense, visit: http://www.defense.gov
    —————
    Keep up with the Department of Defense on social media!

    Like the DoD on Facebook: http://facebook.com/DeptofDefense
    Follow the DoD on Twitter: http://twitter.com/DeptofDefense
    Follow the DoD on Instagram: http://instagram.com/DeptofDefense
    Follow the DoD on LinkedIn: https://www.linkedin.com/company/DeptofDefense

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

    MIL OSI Video

  • MIL-OSI USA: Padilla Cosponsors Bipartisan, Bicameral Legislation to Protect the Rights of American Workers to Organize

    US Senate News:

    Source: United States Senator Alex Padilla (D-Calif.)

    Padilla Cosponsors Bipartisan, Bicameral Legislation to Protect the Rights of American Workers to Organize

    WASHINGTON, D.C. — U.S. Senator Alex Padilla (D-Calif.) joined Bernie Sanders (I-Vt.) and a bipartisan group of Senate and House colleagues in introducing the Richard L. Trumka Protecting the Right to Organize Act (PRO Act), comprehensive labor legislation to protect the rights of workers to stand together and bargain for fairer wages, better benefits, and safer workplaces. The legislation was renamed in honor of former AFL-CIO President Richard L. Trumka.

    The American people’s support for unions is surging. According to a 2024 Gallup poll, 70 percent of Americans approve of labor unions — remaining at near record highs. Despite this growing support, billionaire- and special interest-funded attacks on the rights of workers, unions, and labor laws have eroded union density and made it harder for workers to organize. The share of American workers who are union members has fallen from roughly one in three workers in 1956 to a new low of around one in 10 in 2024. The PRO Act restores fairness to the economy by strengthening the federal law that protects the right of workers to join a union and bargain for higher pay, better benefits, and safer workplaces.

    The legislation is led by Senator Bernie Sanders (I-Vt.) and Representative Bobby Scott (D-Va.-03), alongside Senate Minority Leader Chuck Schumer (D-N.Y.), House Minority Leader Hakeem Jeffries (D-N.Y.-08), House Democratic Whip Katherine Clark (D-Mass.-05), and Senator Patty Murray (D-Wash.). It is cosponsored by every Democratic Senator.

    “As Donald Trump and Elon Musk take a chainsaw to the federal workforce and longstanding labor guardrails, the right to unionize is under attack,” said Senator Padilla. “Every worker deserves access to the protections offered by unions, which help level the playing field and fight against corrupt corporate power grabs by Trump’s billionaire donors. Unions help workers achieve improved working conditions, living wages, and broader benefits. I am committed to ensuring Congress does its part to protect workers and make it easier for them to bargain for fair compensation for their work. That starts with finally passing the PRO Act.”

    “Never before in the history of our nation have income and wealth inequality been greater than today. Workers are falling further and further behind. In response, millions of Americans have expressed their desire to join a union,” said Senator Sanders. “However, the billionaire class is fighting with all its might to put down attempts by workers to exercise their constitutional right to unionize. That includes the decision by President Trump to illegally fire National Labor Relations Board Member Gwynne Wilcox and effectively shut down the NLRB. Without a functioning NLRB, corporate bosses can illegally fire unionizing workers, flagrantly violate labor laws and render free and fair union elections near impossible. Supporting the immediate reinstatement of Member Wilcox and the swift passage of the PRO Act would be major steps toward building real worker power. The PRO Act is long overdue and I am proud to be introducing this bill in the Senate.”

    “Americans believe in the power of unions and tens of millions of working people would become union members tomorrow if they could. But American labor law is broken, weighted on the side of the bosses and against the workers. In too many workplaces, in too many industries across the country, big corporations and billionaire CEOs still retaliate against us for organizing. They refuse to negotiate our contracts, force us to sit through hours of anti-union propaganda, and engage in illegal union-busting every day. Now they have an unelected, unaccountable, union-buster trying to illegally fire tens of thousands of our fellow workers in federal jobs and an administration rolling back the workplace protections. The PRO Act is long overdue, and the American people agree. We urge elected leaders of both parties to move this critical legislation forward so that all workers have the chance to stand together and build better lives for themselves and their families,” said AFL-CIO President Liz Shuler.

    Large corporations and the wealthy continue to reap the rewards of a growing economy while working families and middle-class Americans are left behind. From 1979 to 2023, annual wages for the bottom 90 percent of households increased just 44 percent, while average incomes for the wealthiest 1 percent increased more than 180 percent.

    Unions are critical to increasing wages and creating a strong economy that rewards hardworking people. Through the power of collective bargaining, the typical union worker earns 16 percent more than the typical non-union worker.

    Specifically, the PRO Act would protect the right to organize and collectively bargain by:

    • Bolstering remedies and punishing violations of the rights of workers through authorizing meaningful penalties for employers that violate their rights, strengthening support for workers who suffer retaliation for exercising their rights, and authorizing a private right of action for violation of the rights of workers.
    • Strengthening the rights of workers to join together and negotiate for better working conditions by enhancing their right to support secondary boycotts, ensuring unions can collect “fair share” fees, modernizing the union election process, and facilitating initial collective bargaining agreements.
    • Restoring fairness to an economy rigged against workers by closing loopholes that allow employers to misclassify their employees as supervisors and independent contractors and increasing transparency in labor-management relations.

    Organizations endorsing the PRO Act include the AFL-CIO, Service Employees International Union (SEIU), United Autoworkers (UAW), United Steelworkers (USW), Communications Workers of America (CWA), National Nurses United (NNU), International Alliance of Theatrical Stage Employees (IATSE), Department for Professional Employees, AFL-CIO (DPE), National Postal Mail Handlers Union (NPMHU), American Federation of Teachers (AFT), International Association of Sheet Metal, Air, Rail and Transportation Workers (SMART), the American Federation of Musicians, International Association of Machinists and Aerospace Workers (IAM), International Union of Bricklayers and Allied Craftworkers, Laborers’ International Union of North America (LiUNA), Transport Workers Union (TWU), International Brotherhood of Electrical Workers (IBEW), and the International Union of Painters and Allied Trades (IUPAT).

    Senator Padilla is a longtime advocate for protecting workers’ rights and fighting for their safety. Padilla recently introduced bipartisan, bicameral legislation to ensure that truckers are compensated fairly for the hours that they are on the clock, including overtime. Last month, Padilla joined every Democratic senator and a bipartisan group of 213 Representatives in urging President Trump to immediately reinstate National Labor Relations Board (NLRB) Member Gwynne Wilcox and restore the NLRB’s ability to protect the rights of American workers to organize and collectively bargain. In 2023, Padilla announced the Asunción Valdivia Heat, Illness, Injury and Fatality Prevention Act to protect the safety and health of workers who are exposed to dangerous heat conditions in the workplace. He also cosponsored a pair of bills to hold companies who engage in union busting activities accountable and to protect striking workers’ access to health care. Additionally, he introduced the Fairness for Farm Workers Act, legislation to update the nation’s labor laws to ensure farm workers receive fairer wages and compensation. Padilla previously cosponsored the Nationwide Right to Unionize Act, legislation that would support the right to unionize by prohibiting states from banning union security agreements through “right-to-work” laws.

    A one-pager on the bill is available here. A section-by-section summary of the bill is available here.

    Full text of the bill is available here.

    MIL OSI USA News

  • MIL-OSI United Nations: Note to Correspondents: United Nations-African Union Joint Task Force on Peace and Security Holds its Twenty Fourth Consultative Meeting

    Source: United Nations secretary general

    Joint Communiqué: United Nations-African Union Joint Task Force on Peace and Security Holds its Twenty Fourth Consultative Meeting

    Addis Ababa, 07 March 2025 — The United Nations-African Union Joint Task Force on Peace and Security held its Twenty Fourth consultative meeting on 17 February 2025, in Addis Ababa.

    The meeting reviewed the status of the partnership between the United Nations (UN) and the African Union (AU) with an update on the implementation of the Joint UN-AU Framework for Enhanced Partnership in Peace and Security. In this context, the meeting discussed peace and security developments in the Democratic Republic of the Congo (DRC), Libya, Somalia, South Sudan and The Sudan, as well as discussions on the implementation of United Nations Security Council Resolution 2719 adopted on 21 December 2023, and a follow-up on discussions on the security transition and the new African Union mission in Somalia.

    The AU Commission and the UN Secretariat were represented respectively by Commissioner Bankole Adeoye (Political Affairs, Peace and Security); and the Under-Secretaries-General Rosemary DiCarlo (Political and Peacebuilding Affairs), Jean-Pierre Lacroix (Peace Operations), Atul Khare (Operational Support), and Parfait Onanga-Anyanga, Special Representative of the Secretary-General to the African Union. The meeting was also attended by other senior officials from the two Organizations. Ms. Minata Cessouma Samate, outgoing Commissioner for Health, Humanitarian Affairs and Social Development (HHS), addressed the opening segment of the meeting to acknowledge and expressed appreciation for the excellent collaboration with the United Nations during her tenure in office as Commissioner for Political Affairs (2017-2021), before its merger into the current Political Affairs, Peace and Security Department, and in her current capacity as Commissioner for HHS.

    The Joint Task Force took note of the considerable progress achieved in the UN-AU partnership including with regional economic communities and mechanisms in Africa, together with international partners. These include sustained collaboration on support to AU peace support operations, early warning, prevention initiatives and coordinated support to national authorities for the conduct of timely, peaceful, and inclusive elections, as well as for the promotion and protection of human rights.

    The meeting welcomed efforts to deepen collaboration on operational support matters, including through joint learning and the exchange of knowledge and expertise. The meeting acknowledged the positive impact these efforts have had on mandate implementation across various operational contexts. Both Organizations emphasized the need to strengthen collaboration in support of mediation and to continue to prioritize their joint initiatives on the women, peace and security, youth for peace and security,  and the emerging climate, peace and security nexus agendas.

    On Libya, the Joint Task Force welcomed the appointment of Ms. Hannah Tetteh as Special Representative of the Secretary-General for Libya. Participants also welcomed the establishment of a Libyan Advisory Committee to provide recommendations for resolving outstanding issues to enable the holding of national elections. The meeting noted the signing of the intra-Libya Reconciliation Charter as an important step in the process and underscored the imperative of UN-AU cooperation in advancing the Libyan political transition and national reconciliation.

    Regarding the Democratic Republic of Congo, the Joint Task Force expressed deep concern over the rapidly deteriorating security situation in the eastern part of the country, which has brought the region to the brink of war, affecting the lives of thousands of civilians, mostly women and children, and worsening an already dire humanitarian situation. The meeting reminded all parties of the responsibility to uphold their obligations under international humanitarian law and human rights law. The meeting recalled the initiatives aimed at resolving the crisis, including, lately, the Ministerial AU Peace and Security Council (PSC) session held on 28 January, the East Africa Community (EAC) Extraordinary Summit held on 29 January, the Southern African Development Community (SADC) Extraordinary Summit held on 31 January, the Joint EAC-SADC Summit held on 8 February and the AU PSC session at the level of Heads of State and Government which convened on 14 February. The meeting deplored the fact that despite the urgent call for an immediate ceasefire and cessation of hostilities following the 8 February joint summit of the East African Community (EAC) and the Southern African Development Community (SADC), hostilities continue as the Mouvement du 23 mars (M23), supported by the Rwanda Defence Forces (RDF), pushes further into South Kivu and continues to assert military control over parts of North Kivu. The meeting called the M23 and RDF to respect the ceasefire agreement, immediately cease all hostile actions, and withdraw from occupied areas. The Joint Task Force further called on the RDF to cease support to the M23 and withdraw from DRC territory. It called for the immediate implementation of the joint EAC-SADC Summit decisions related to the opening of Goma airport and supply routes too humanitarian aid. The Task Force expressed its condolences for the UN blue helmets and the forces of the Southern African Development Community Mission in the Democratic Republic of Congo (SAMIDRC) killed in the line of duty, underscoring that attacks on peacekeepers may constitute a war crime. It called on the M23 and RDF to lift all restrictions on the freedom of movement of United Nations Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO) and refrain any action that may impede the implementation of its mandated responsibilities. The Task Force commended H.E. President João Lourenço for progress achieved under the Luanda process and called for an immediate resumption of talks between the parties to the conflict. The Task Force reaffirmed its support to the Luanda and Nairobi processes and underscored that the implementation of the provisions of the 2013 Peace, Security and Cooperation Framework for the DRC and the region remains a critical pathway to durable peace and stability.

    On Somalia, the Joint Task Force highlighted the strong partnership between the AU and the UN in Somalia and the need for continued close cooperation to ensure support for Somalia in advancing state building priorities and in the security transition. The meeting noted that the potential hybrid application of resolution 2719 to the AU Support and Stabilization Mission in Somalia is essential to ensure the Mission’s predictable and sustainable financing and to protect and build on the security gains achieved in Somalia.

    The meeting welcomed progress achieved in the elaboration of the Joint AU-UN Roadmap for the Operationalization of resolution 2719 which was endorsed during the 8th UN-AU Annual Conference held on 21 October 2024. The meeting noted that while the roadmap is not a prerequisite for implementing resolution 2719, it serves as a framework for continuously strengthening the performance and impact of both the AU and the UN.

    On Sudan, the Joint Task Force expressed grave concern about the escalation of violence in the Sudan, including the increasing intercommunal tensions and ethnicization of the fighting in Darfur. The Joint Task Force reiterated its call on the warring parties to immediately cease fighting and take steps towards the lasting peace that the people of Sudan demand. The Joint Task Force urged continued efforts to ensure coordination in diplomatic initiatives to put an end to the conflict and support the Sudanese in embarking on an inclusive political process that will return Sudan to a democratic transition. The Joint Task Force reaffirmed the indispensable UN-AU partnership on Sudan which provides an anchor for a broad multilateral coalition to end the conflict. It was noted that there is need to work together to fulfil the provision of the Commission for Truth, Reconciliation and Healing (CTRH) Act (2024) which requires the Chairperson of the AU Commission and the United Nations Secretary General to nominate three commissioners to be appointed to the CTRH.

    On South Sudan, there was consensus on the need for ongoing support and closer collaboration on the operationalisation of key institutions, including the national unified forces, the constitutional review process, as well as support to electoral management bodies. This is with the aim to ensuring forward momentum with regards to the Revitalized Agreement, while allowing for efforts to expand the peace process through the Tumaini Peace Initiative. 

    The next statutory meeting of the Joint Task Force will be hosted by the United Nations in New York at a date to be agreed by both Organizations.
     

    MIL OSI United Nations News

  • MIL-OSI Security: Former CEO of Subprime Auto Lender Sentenced to Four Years in Prison in Connection With $67 Million Fraud Schemes

    Source: Office of United States Attorneys

    CHICAGO — The former Chief Executive Officer of a suburban Chicago subprime auto lending company has been sentenced to four years in federal prison for participating in a pair of fraud schemes that resulted in approximately $67 million in losses. 

    JAMES COLLINS was the CEO of Evanston, Ill.-based Honor Finance LLC.  From 2015 to 2018, Collins schemed with others to submit false information to a bank that had provided a $200 million warehouse line of credit to the company to fund its subprime loan portfolio.  The false information allowed Collins to avoid posting additional collateral while maintaining funding from the line of credit that the company otherwise might have had to return to the bank.  The false information also increased the amount of funding he received from a trust established by Honor and the bank to securitize thousands of loans in Honor’s portfolio and sell them as bonds to investors.  Collins selected certain vehicle loans for the trust that he knew were delinquent and not eligible to be included in the portfolio because money had already been advanced to those borrowers through improper accounting entries.  Collins hid the ineligibility of these loans from the bank, bond investors, and rating agencies.  As a result of the false representations and omissions regarding the line of credit and the trust, the bank lost approximately $62 million.

    Collins also engaged in a separate fraud scheme that involved the misappropriation of approximately $5.3 million from Honor. Collins and his co-schemers established a shell company called LHS Solutions that they used as a middleman between Honor and a third-party supplier of GPS devices.  Instead of Honor buying the devices directly from the supplier, as it had previously done, Collins had LHS Solutions purchase the devices before selling them to Honor Finance at inflated prices, with Collins and the co-schemers keeping and using the difference.  Collins also diverted commissions from the sales of vehicle warranties that should have gone to Honor.

    Collins, 55, of Evanston, Ill., pleaded guilty in 2023 to a federal mail fraud charge and stipulated to bank fraud.  On Wednesday, U.S. District Judge Franklin W. Valderrama imposed the prison sentence and ordered Collins to pay approximately $67 million in restitution.

    The sentence was announced by Morris Pasqual, Acting United States Attorney for the Northern District of Illinois, and Douglas S. DePodesta, Special Agent-in-Charge of the Chicago Field Office of the FBI.  Valuable assistance was provided by the U.S. Securities and Exchange Commission.  The government is represented by Assistant U.S. Attorneys Matthew Getter and Paige A. Nutini.

    A co-defendant, Honor Finance’s former Chief Operating Officer ROBERT DIMEO, of Park Ridge, Ill., pleaded guilty in 2022 to a mail fraud charge.  DiMeo is awaiting sentencing.

    MIL Security OSI

  • MIL-OSI USA: Governor Stein Announces 30-Day FEMA Extension for Individual Assistance

    Source: US State of North Carolina

    Headline: Governor Stein Announces 30-Day FEMA Extension for Individual Assistance

    Governor Stein Announces 30-Day FEMA Extension for Individual Assistance
    lsaito

    Raleigh, NC

    Today, FEMA granted Governor Josh Stein’s request for a 30-day extension for disaster survivors to apply for FEMA’s individual assistance (IA) program. The new deadline is April 7, 2025. Governor Stein released the following statement on the extension: 

    “Thank you to FEMA and the Trump Administration for granting North Carolina’s request to extend the individual assistance program and to our Congressional delegation for its support. This is a positive step forward, and I urge affected residents from western North Carolina to apply for FEMA funding to help them get back on their feet.

    “We continue to seek adequate funding from Congress and the General Assembly for the ongoing recovery efforts. The people of western North Carolina need more federal support to build back stronger.”

    Homeowners and renters in Alexander, Alleghany, Ashe, Avery, Buncombe, Burke, Cabarrus, Caldwell, Catawba, Cherokee, Clay, Cleveland, Forsyth, Gaston, Graham, Haywood, Henderson, Iredell, Jackson, Lee, Lincoln, Macon, Madison, McDowell, Mecklenburg, Mitchell, Nash, Polk, Rowan, Rutherford, Stanly, Surry, Swain, Transylvania, Union, Watauga, Wilkes, Yadkin, and Yancey counties and the Eastern Band of Cherokee Indians with uninsured losses from Tropical Storm Helene may be eligible to apply for FEMA assistance.

    Last month, Governor Stein requested an additional $19 billion in federal funds to restore infrastructure, support home repair and renovation, and reduce impacts from future natural disasters. He also invited North Carolinians to participate in the finalization of an Action Plan for distributing $1.4 billion awarded by the US Department of Housing and Urban Development.

    There are several ways to apply: 

    1. (Most Recommended): Visit a Disaster Recovery Center in your community. Visit fema.gov/drc to locate the closest location.
    2. Call the FEMA hotline at 1-800-621-3362 between the hours of 7am and midnight.
    3. Go online to disasterassistance.gov 

    Survivors who have insurance are encouraged to file a claim for disaster-caused damage with your insurance company before they apply for FEMA assistance. Survivors do not need to wait for an insurance settlement to apply for FEMA assistance. FEMA may provide financial assistance to eligible survivors who are uninsured or underinsured. 

    If you have been denied for FEMA assistance, you can submit an appeal by visiting a Disaster Recovery Center in your community, by calling 1-800-621-3362, or by going online to disasterassistance.gov. You can also visit https://legalaidnc.org/project/disaster-relief-project/ .

    Finally, disaster survivors that need assistance or resources to aid in recovery can call the North Carolina Disaster Case Management Program (NC-DCM) at 1-844-746-2326 or visit ncdps.gov/Helene/dcm. NC-DCM is currently assisting over 2,700 cases and has taken over 8,500 calls since December. With over 500 resources and partnerships available, the NC-DCM case managers can help to find solutions for individual disaster survivor needs to help facilitate their recovery.  

    Mar 7, 2025

    MIL OSI USA News

  • MIL-OSI: Castillo Trade’s New Smart Trading Bots Outperform Human Traders by 72%

    Source: GlobeNewswire (MIL-OSI)

    London, UK, March 07, 2025 (GLOBE NEWSWIRE) — Castillo Trade has taken a major leap forward in trading automation with the launch of its Smart Trading Bots, which have demonstrated a 72% higher success rate than human traders in live market conditions. This groundbreaking development cements Castillo Trade’s position as a leader in AI-driven trading solutions, giving both retail and institutional traders a significant advantage in the ever-evolving financial markets.

    By integrating advanced machine learning, real-time market analysis, and predictive algorithms, Castillo Trade has created one of the most powerful trading automation tools available today. Whether it’s crypto, forex, or stocks, these AI-driven bots are designed to maximize profitability, minimize risk, and execute trades with unparalleled precision.

    The Future of Trading: AI vs. Human Traders

    The debate over AI vs. human traders has intensified in recent years, as artificial intelligence continues to outperform even the most seasoned professionals. While human traders rely on experience, intuition, and manual strategies, AI-powered bots from Castillo Trade have the ability to:

    • Analyze vast amounts of data in milliseconds
    • Execute trades with perfect timing and zero emotional bias
    • Adapt to changing market conditions instantly

    These advantages give AI-powered trading an edge over human decision-making, allowing for faster, more accurate, and more profitable trades.

    According to internal performance tests, the new Smart Trading Bots from Castillo Trade achieved a 72% higher success rate compared to human traders, marking a significant breakthrough in algorithmic trading technology.

    How Castillo Trade’s Smart Trading Bots Achieve Superior Performance

    1. AI-Powered Market Analysis

    The Smart Trading Bots analyze millions of data points across multiple financial markets in real time. Using machine learning algorithms, the bots detect profitable trading opportunities and execute orders at the optimal moment—something human traders cannot do with the same level of speed or accuracy.

    2. Automated Risk Management

    Risk management is a critical component of successful trading. Castillo Trade’s bots employ automated risk controls, including stop-loss, take-profit, and trailing stop mechanisms, to protect traders from unnecessary losses while maximizing their potential gains.

    3. 24/7 Trading with Zero Downtime

    Unlike human traders who need rest, AI-powered bots operate 24/7, ensuring continuous market monitoring and execution of trades at all hours. This eliminates missed opportunities and allows traders to profit from price movements around the clock.

    4. Emotional-Free Trading

    One of the biggest weaknesses of human traders is emotional decision-making. Fear and greed often lead to poor trading choices, hesitation, and losses. Castillo Trade’s AI-driven bots execute trades based purely on data and logic, removing emotional bias from the equation.

    5. High-Speed Execution for Market Advantage

    The Smart Trading Bots execute trades within milliseconds, capitalizing on market fluctuations before the competition. This speed advantage ensures that traders using Castillo Trade stay ahead in the fast-moving financial markets.

    What This Means for Traders

    The introduction of Castillo Trade’s Smart Trading Bots is a game-changer for traders of all experience levels. Whether you’re a beginner looking for automation or an advanced trader seeking an AI-powered edge, these bots provide:

    • Increased profitability with a 72% higher success rate than human traders
    • Reduced trading risks through AI-driven risk management
    • Hands-free trading with real-time automation
    • A smarter way to navigate volatile markets with predictive analytics

    With AI taking over manual charting, analysis, and execution, traders can focus on strategy while letting the bots handle the execution with higher accuracy and efficiency.

    Industry Experts Weigh In on Castillo Trade’s Smart Bots

    The trading industry has taken notice of this innovation, with experts praising Castillo Trade for its commitment to AI-powered trading solutions.

    “AI trading is no longer the future—it’s the present. Castillo Trade’s Smart Trading Bots give traders a clear competitive advantage by making faster, data-driven decisions without hesitation,” said Michael Jensen, a senior market analyst.

    Another industry veteran, Sarah Collins, added:
    “The ability to trade with AI at this level of accuracy is something human traders simply cannot match. Castillo Trade has created a truly revolutionary product.”

    What’s Next for Castillo Trade?

    With AI-driven trading growing rapidly, Castillo Trade has ambitious plans to continue enhancing its technology. Future developments include:

    • Even more advanced AI algorithms for market prediction
    • Integration with decentralized finance (DeFi) trading strategies
    • Expanded asset support, including commodities and NFTs
    • A mobile app for easy access to AI-powered trading on the go

    As financial markets evolve, Castillo Trade is dedicated to staying at the forefront of innovation, ensuring that traders always have access to the most powerful AI trading tools available.

    Why Traders Are Switching to Castillo Trade’s Smart Bots

    As more traders seek automation and AI-driven strategies, Castillo Trade’s Smart Trading Bots provide the ultimate solution. Key benefits include:

    • Fully automated execution with minimal manual input
    • Market-leading AI algorithms for predictive trading
    • 24/7 monitoring and trade execution
    • Advanced risk management features to protect capital
    • No emotional trading—only data-driven decision-making

    By eliminating human error and enhancing profitability, these AI-powered bots make trading more efficient, consistent, and profitable.

    Final Thoughts: The Future of Trading is AI-Driven

    With 72% higher profitability compared to human traders, Castillo Trade’s Smart Trading Bots are setting a new industry standard for AI-powered investing. Traders looking to maximize their profits, automate their strategies, and gain a competitive edge should consider making the switch today.

    As AI continues to dominate financial markets, traders who embrace automation will stay ahead of the curve—and Castillo Trade is leading the way.

    Ready to experience the power of AI trading?
    Start using Castillo Trade’s Smart Trading Bots today and take your trading to the next level.

    Visit Castillo Trade for more information.

    The MIL Network

  • MIL-OSI: ARB IOT GROUP LIMITED EXPANDS AI FOOTPRINT INTO EAST MALAYSIA

    Source: GlobeNewswire (MIL-OSI)

    Kuala Lumpur, Malaysia, March 07, 2025 (GLOBE NEWSWIRE) — ARB IOT Group Limited (“ARB IOT” or the “Company”) (NASDAQ: ARBB) today announced that it has, through its indirect wholly owned subsidiary, ARB R1 Technology Sdn Bhd, appointed Whizzl Sdn Bhd (“Whizzl“) as its exclusive wholesaler, sole distributor, and system integrator for the ARB AI workstations and servers in the regions of Sabah and Sarawak. ARB IOT has strengthened its commitment to meeting the surging demand in AI and supporting the Malaysian government’s initiatives to foster digital innovation and sustainability development.

    The ARB AI workstations and servers consist of ARB 222 and ARB 333 models, designed to support both server and edge computing devices within the AI supply chain. By deploying a suite of high-performance immersible computing servers and solutions, the ARB AI workstations and servers ensure seamless integration across the entire AI ecosystem. The rapid expansion of cloud services has driven ARB IOT to introduce more competitive products to the market that are able to deliver superior performance and efficiency to meet the growing demands of the industry.

    Dato’ Sri Liew Kok Leong, CEO of ARB IOT said, “The expansion to East Malaysia will be a new milestone for the Company. ARB IOT has a robust growth prospect given the evolving demand for new technology trend in AI, which continues to gain momentum. With the collaboration with Whizzl, the Company will be able to achieve greater market penetration and wider customer base.

    Whizzl is granted the exclusive rights to sell, distribute, and integrate the ARB AI workstations and servers in the regions of Sabah and Sarawak, within the territory of Malaysia.

    We are confident that Whizzl will be well-positioned to grow and generate more value for our shareholders. Going forward, our Company is in a good position to expand its business and will accelerate the expansion by gaining new market share.”

    About ARB IOT Group Limited
    ARB IOT Group Limited is a provider of complete solutions to clients for the integration of Internet of Things (“IoT”) systems and devices from designing to project deployment. We offer a wide range of IoT systems as well as provide customers a substantial range of services such as system integration and system support service. We deliver holistic solutions with full turnkey deployment from designing, installation, testing, pre-commissioning, and commissioning of various IoT systems and devices as well as integration of automated systems, including installation of wire and wireless and mechatronic works.

    Safe Harbor Statement
    This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, such as statements regarding our estimated future results of operations and financial position, our strategy and plans, and our objectives or goals, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including, but not limited to, those that we discussed or referred to in the Company’s disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC’s website at www.sec.gov, including the Company’s Annual Report on Form 20-F as well as in our other reports filed or furnished from time to time with the SEC. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward looking statements, other than as required by applicable law.

    For further information, please contact:
    ARB IOT Group Limited
    Investor Relations Department
    Email: contact@arbiotgroup.com

    The MIL Network

  • MIL-OSI: Wah Fu Education Group Ltd. Announces Financial Results for the First Half of Fiscal Year 2025

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, March 07, 2025 (GLOBE NEWSWIRE) — Wah Fu Education Group Limited (“Wah Fu” or the “Company”) (NASDAQ:WAFU), a provider of online education and exam preparation services, as well as related training materials and technology solutions for both institutions and individuals, today announced its unaudited financial results for the six months ended September 30, 2024.

    Financial Highlights for the Six Months Ended September 30, 2024

        For the Six Months Ended
    September 30,
     
    ($’000, except per share data)   2024     2023     % Change  
    Revenue   $ 2,799     $ 3,648       (23.3 )%
    Gross profit   $ 1,572     $ 2,063       (23.8 )%
    Gross margin     56.1 %     56.6 %     (0.5 )pp
    (Loss) income from operations   $ (571 )   $ 273       (309.5 )%
    Operating (loss) profit margin     (20.4 )%     7.5 %     (27.9 )pp
    Net (loss) income   $ (581 )   $ 125       (566.3 )%
    Basic and diluted (loss) earnings per share   $ (0.12 )   $ 0.05       (343.3 )%
                             

    * pp: percentage points

    • Revenue decreased by 23.3% year-over-year to $2.80 million for the six months ended September 30, 2024 from $3.65 million for the same period of the prior fiscal year. The decrease in revenue was primarily attributable to a decrease in self-taught higher education exams included in our Business-to-Business-to-Customer (“B2B2C”) revenue from our online education services.
    • Gross profit decreased by 23.8% to $1.57 million for the six months ended September 30, 2024 from $2.06 million for the same period of the prior fiscal year. Gross margins were 56.1% and 56.6% for the six months ended September 30, 2024 and 2023, respectively. The decrease in gross profit of online education services was primarily due to the decrease in revenue.
    • Loss from operations was $0.57 million for the six months ended September 30, 2024 when it was income from operation of $0.27 million for the six months ended September 30, 2023. Operating loss margin was 20.4% for the six months ended September 30, 2024, compared to operating profit margin of 7.5% for the same period of the prior fiscal year.
    • Net loss was $0.58 million or, loss per share of $0.12 for the six months ended September 30, 2024, compared to net income of $0.13 million, or income per share of $0.05, for the same period of the prior fiscal year.

    Unaudited Financial Results for the six months ended September 30, 2024

    Revenue

    For the six months ended September 30, 2024, revenue decreased by $0.85 million, or 23.3%, to $2.80 million from $3.65 million for the same period of the prior fiscal year. The decrease in revenue was primarily due to the decrease of revenue from self-taught higher education exams included in our Business-to-Business-to-Customer (“B2B2C”) revenues from our online education services.

    For the six months ended September 30, 2024, revenue from providing online education services decreased by $0.99 million for the same period of the prior fiscal year. The decrease was mainly due to a decrease in self-taught higher education exams included in our Business-to-Business-to-Customer (“B2B2C”) revenues. During the six months ended September 30, 2024, due to the implementation of local policies in Hunan province, some universities canceled the self-study examination, thus the courses provided to self-study examination decreased, the revenue from Business-to-Business-to-Customer (“B2B2C”) decreased gradually.

    Cost of revenue

    Cost of revenue decreased by $0.35 million, or 22.4%, to $1.22 million for the six months ended September 30, 2024 from $1.57 million for the same period of the prior fiscal year. The decrease in overall cost of revenue was mainly due to decrease in cost of revenue for online education services. Cost of revenue mainly comprised of salaries and related expenses for our teaching support, course and content development, website maintenance and information technology engineers and other employees, fees paid to our course lecturers, depreciation and amortization expenses, server relocation and bandwidth leasing fees paid to third-party providers and other miscellaneous expenses. As the decrease of online education service revenue, cost related to online education service deceased for the six months ended September 30, 2024 compared to the same period last year.

    Gross profit

    Gross profit decreased by $0.49 million, or 23.8%, to $1.57 million for the six months ended September 30, 2024 from $2.06 million for the same period of the prior fiscal year. Gross margin decreased by 0.5 percent to 56.1% for the six months ended September 30, 2024 from 56.6% for the same period of the prior fiscal year. The decrease of gross profit was mainly due to the decrease of online education service revenue from self-taught higher education exams.

    Operating expenses

    Selling expenses decreased by $0.05 million, or 6.0%, to $0.76 million for the six months ended September 30, 2024 from $0.80 million for the same period of the prior fiscal year. This decrease was primarily due to the decrease in salaries for our sales department since our revenue decreased.

    General and administrative expenses increased by $0.40 million, or 40.71%, to $1.39 million for the six months ended September 30, 2024 from $0.99 million for the same period of the prior fiscal year. General and administrative expenses increased mainly due to the increase of provision for bad debts.

    Total operating expenses increased by $0.35 million, or 19.72%, to $2.14 million for the six months ended September 30, 2024 from $1.79 million for the same period of the prior fiscal year.

    Income (loss) from operations

    Loss form from operations was $0.57 million for the six months ended September 30, 2024 when it was an income of $0.27 for the six months ended September 30, 2023. Please see above for a detailed description of such Income (loss) from operations.

    Other income (expenses)

    Total other income expenses, including interest income, net of other expenses, net other income was $0.08 million for the six months ended September 30, 2024 when it was a net expense of $0.09 million in the same period of the prior fiscal year.

    Income before income taxes

    Loss before income taxes was $0.49 million for the six months ended September 30, 2024, compared to income before income taxes of $0.18 million for the same period of the prior fiscal year.

    Net income (loss) and earnings (loss) per share

    Net loss was $0.58 million for the six months ended September 30, 2024, compared to net income of $0.12 million for the same period of the prior fiscal year. Net loss margin was 20.7% for the six months ended September 30, 2024, compared to net profit margin of 3.4% for the same period of the prior fiscal year.

    After deducting non-controlling interests, net loss attributable to the Company was $0.55 million, or loss of $0.12 basic and diluted share, for the six months ended September 30, 2024. This compared to net profit of $0.23 million, or profit of $0.05 per basic and diluted share, for the same period of the prior fiscal year.

    Weighted average numbers of shares outstanding were 4,410,559 and 4,440,085 for the six months ended September 30, 2024 and 2023.

    Financial Condition

    As of September 30, 2024, the Company had cash of $10.15 million, compared to $11.05 million as of March 31, 2024. Total working capital was $10.56 million as of September 30, 2024, compared to $10.75 million as of March 31, 2024.

    Net cash used in operating activates was $1.19 million for the six months ended September 30, 2024 compared to net cash used in operating activities of $0.10 million for the same period last year. Net cash used in investing activities for the six months ended September 30, 2024 was $0.04 million. There was no cash used in or provided by investing activities for the six months ended September 30, 2023. There was no cash used in or provided by financing activities for the six months ended September 30, 2024 and 2023.

    Subsequent Events

    On January 21, 2025, Wah Fu Education Group Ltd. (the “Company”) amended and restated its memorandum and articles of association, including

    • Creation of a new class of Class A shares with each Class A share being entitled to fifteen (15) votes on all matters subject to vote at general meetings of the Company. Any Class A Shares which are fully paid may be converted into ordinary shares on a one-for-one basis at the option of the holder of such Class A Shares upon giving five days’ notice by such holder to the Company.
    • The maximum number of shares that the Company is authorized to issue was increased from 30,000,000 ordinary shares of US$0.01 par value each to 600,000,000 shares divided into 500,000,000 ordinary shares with a par value of US$0.01 each and 100,000,000 Class A shares with a par value of US$0.01 each.
    • The redemption of 1,488,000 ordinary shares held by HFGFR Inc. and reissue of 1,488,000 Class A Shares to HFGFR Inc. were approved.

    Management has evaluated subsequent events through March 7, 2025, the date which the financial statements were available to be issued. All subsequent events requiring recognition as of September 30, 2024 have been incorporated into these financial statements and there are no subsequent events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events.”

    About Wah Fu Education Group Limited

    Headquartered in Beijing, China, Wah Fu Education Group Limited provides online training and exam preparation services, as well as related training materials and technology solutions for both institutions, such as universities and training institutions, and students. For more information about Wah Fu, please visit www.edu-edu.cn.

    Safe Harbor Statement

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are not statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the online training industry in China and the other markets the Company serves or plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the other markets the Company serves or plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (the “SEC”).  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    For more information, please contact:

    Raincy Du
    ir@edu-edu.com.cn

    WAH FU EDUCATION GROUP LIMITED AND SUBSIDIARIES
    CONDENSED CONSOLIDATED BALANCE SHEETS
                 
        As of
    September 30,
        As of
    March 31,
     
        2024     2024  
        (Unaudited)        
    ASSETS            
    CURRENT ASSETS:            
    Cash   $ 10,145,053     $ 11,045,708  
    Accounts receivable, net     646,487       1,039,580  
    Other receivables, net     1,014,317       188,441  
    Loan to third parties, current     514,634       524,969  
    Loan to related parties     1,778,524       1,778,524  
    Other current assets     59,728       95,583  
    TOTAL CURRENT ASSETS     14,158,743       14,672,805  
                     
    Loan to third parties, noncurrent     215,229       194,229  
    Property and equipment, net     464,073       485,660  
    Intangible assets, net     1,918       7,456  
    Long-term investment     142,499       138,498  
    Operating lease right-of-use assets     237,865       341,895  
    Long-term rent deposit     45,735       53,303  
    Deferred tax assets, net     231,919       262,577  
    TOTAL ASSETS   $ 15,497,981     $ 16,156,423  
                     
    CURRENT LIABILITIES:                
    Due to related parties   $ 315,512     $ 315,512  
    Deferred revenue     1,575,010       1,818,426  
    Operating lease liabilities, current     197,316       260,283  
    Taxes payable     1,003,350       969,595  
    Other payables     300,018       176,257  
    Accrued expenses and other liabilities     165,348       173,791  
    Accounts payable     39,023       210,348  
    TOTAL CURRENT LIABILITIES     3,595,577       3,924,212  
                     
    Operating lease liabilities, noncurrent     39,377       72,975  
    TOTAL LIABILITIES     3,634,954       3,997,187  
                     
    COMMITMENTS AND CONTINGENCIES                
                     
    EQUITY                
    Ordinary shares, $0.01 par value, 30,000,000 shares authorized; 4,410,559 shares issued and outstanding as of September 30, 2024 and March 31, 2024     44,106       44,106  
    Additional paid-in capital     5,124,236       5,124,236  
    Statutory reserve     867,530       867,530  
    Retained earnings     5,813,559       6,362,554  
    Accumulated other comprehensive loss     (923,282 )     (1,248,648 )
    Total shareholders’ equity     10,926,149       11,149,778  
    Non-controlling interest     936,878       1,009,458  
    TOTAL EQUITY     11,863,027       12,159,236  
    TOTAL LIABILITIES AND EQUITY   $ 15,497,981     $ 16,156,423  
    WAH FU EDUCATION GROUP LIMITED AND SUBSIDIARIES
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
     
        For the Six Months
    Ended

    September 30,
     
        2024     2023  
                 
    REVENUE   $ 2,799,328     $ 3,647,954  
                     
    COST OF REVENUE AND RELATED TAX                
    Cost of revenue     1,217,472       1,569,477  
    Business and sales related tax     10,083       15,606  
                     
    GROSS PROFIT     1,571,773       2,062,871  
                     
    OPERATING EXPENSES                
    Selling expenses     756,639       804,790  
    General and administrative expenses     1,386,486       985,346  
    Total operating expenses     2,143,125       1,790,136  
                     
    (LOSS) INCOME FROM OPERATIONS     (571,352 )     272,735  
                     
    OTHER(EXPENSES) INCOME                
    Interest income     99,809       98,240  
    Other expenses     (19,254 )     (190,929 )
    Total other income (expense), net     80,555       (92,689 )
                     
    (LOSS) INCOME BEFORE INCOME TAX PROVISION     (490,797 )     180,046  
                     
    PROVISION FOR INCOME TAXES     89,953       55,492  
                     
    NET (LOSS) INCOME     (580,750 )     124,554  
                     
    Less: net loss attributable to non-controlling interest     (31,755 )     (102,575 )
                     
    NET (LOSS) INCOME ATTRIBUTABLE TO WAH FU EDUCATION GROUP LIMITED   $ (548,995 )   $ 227,129  
                     
    COMPREHENSIVE (LOSS) INCOME                
    Net income     (580,750 )     124,554  
    Other comprehensive loss: foreign currency translation gain (loss)     284,541       (732,741 )
    Total comprehensive loss   $ (296,209 )     (608,187 )
    Less: Comprehensive (loss) income attributable to non-controlling interest     (40,825 )     2,352  
                     
    COMPREHENSIVE LOSS ATTRIBUTABLE TO WAH FU EDUCATION GROUP LIMITED   $ (255,384 )   $ (610,539 )
                     
    (Loss) earnings per ordinary share – basic and diluted   $ (0.12 )   $ 0.05  
    Weighted average shares – basic and diluted     4,410,559       4,440,085  
    WAH FU EDUCATION GROUP LIMITED AND SUBSIDIARIES
    UNAUDITED CONDENSED CONSOLIDATION STATEMENTS OF CHANGES IN EQUITY
     
        Ordinary Shares     Additional
    Paid-in
        Statutory     Retained     Accumulated
    Other
    Comprehensive
        Shareholders’     Non-controlling     Total  
        Shares     Amount     Capital     Reserves     Earnings     Income (Loss)     Equity     Interest     Equity  
                                                           
    Balance at March 31, 2024   4,410,559     $ 44,106     $ 5,124,236     $ 867,530     $ 6,362,554     $ (1,248,648 )   $ 11,149,778     $ 1,009,458     $ 12,159,236  
                                                                           
    Net loss                             (548,995 )           (548,995 )     (31,755 )     (580,750 )
    Foreign currency translation adjustment                                 325,366       325,366       (40,825 )     284,541  
                                                                           
    Balance at September 30, 2024   4,410,559     $ 44,106     $ 5,124,236     $ 867,530     $ 5,813,559     $ (923,282 )   $ 10,926,149     $ 936,878     $ 11,863,027  
                                                                           
    Balance at March 31, 2023   4,440,085     $ 44,401     $ 5,123,941     $ 867,530     $ 6,417,842     $ (752,391 )   $ 11,701,323     $ 1,328,660     $ 13,029,983  
                                                                           
    Net income (loss)                             227,129             227,129       (102,575 )     124,554  
    Appropriation of statutory reserve                     40,339       (40,339 )                        
    Foreign currency translation adjustment                                 (735,093 )     (735,093 )     2,352       (732,741 )
                                                                           
    Balance at September 30, 2023   4,440,085     $ 44,401     $ 5,123,941     $ 907,869     $ 6,604,632     $ (1,487,484 )   $ 11,193,359     $ 1,228,437     $ 12,421,796  
    WAH FU EDUCATION GROUP LIMITED AND SUBSIDIARIES
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
     
        For the six months
    ended September 30,
     
        2024     2023  
    Cash flows from operating activities:            
    Net (loss) income   $ (580,750 )   $ 124,554  
    Adjustments to reconcile net (loss) income to net cash used in operating activities:                
    Depreciation and amortization     45,344       37,158  
    Non-cash lease expense     110,983       122,276  
    Loss from disposal of property and equipment     3,245        
    Provision for doubtful accounts     127,686       194,014  
    Interest income from loan to third parties     (14,995 )     1,445  
    Deferred tax benefit     37,262        
    Changes in operating assets and liabilities:                
    Accounts receivable, net     284,584       (225,539 )
    Other receivable, net     (782,810 )     (33,407 )
    Other current assets     37,521       (112,254 )
    Deferred revenue     (288,352 )     (115,033 )
    Taxes payable     5,601       (12,102 )
    Accounts payable           (131,131 )
    Other payable     116,056       (1,551 )
    Operating lease liabilities     (103,468 )     58,915  
    Accrued expenses and other liabilities     (185,969 )     (7,708 )
    Net cash used in operating activities     (1,188,062 )     (100,363 )
                     
    Cash flows from investing activities:                
    Purchase of property and equipment     (8,281 )      
    Repayment received for loans to third parties     24,845        
    Purchase of ownership of a subsidiary     (53,733 )        
    Net cash used in investing activities     (37,169 )      
                     
    Effect of exchange rate fluctuation on cash     324,576       (1,045,602 )
                     
    Net decrease in cash     (900,655 )     (1,145,965 )
    Cash at beginning of the period     11,045,708       12,567,463  
    Cash at end of the period   $ 10,145,053     $ 11,421,498  
                     
    Supplemental cash flow information                
    Cash paid for income taxes   $ (49,575 )   $ (37,190 )
                     
    Non-cash financing activities                
    Right of use assets obtained in exchange for operating lease obligations   $     $ 200,115  

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