Category: Business

  • MIL-OSI: COFACE SA: Yves Charbonneau joins the Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    COFACE SA: Yves Charbonneau joins the Board of Directors

    Paris, 20 February 2025 – 17.35

    At its meeting on February 20, 2025, the Board of Directors of COFACE SA co-opted Yves Charbonneau, Senior Vice-President at Arch Insurance Company Ltd (Canada), as a non-independent director at the Board of Directors of COFACE SA.

    He replaces Nicolas Papadopoulo, who is stepping down from the Board of directors to concentrate on his current professional responsibilities at Arch.

    The composition of Coface’s Board of Directors remains otherwise unchanged. It counts 10 members, 6 women and 4 men, the majority (6) of whom are independent directors.

    ————————

    Biography

    Yves Charbonneau was appointed Senior Vice-President at Arch Insurance Company Ltd (Canada) in January 2024. He was previously a Senior Advisor within the same group in the United States.

    He joined Arch in February 2006 and spent almost 12 years as Chief Actuary and Chief Risk Officer.

    Yves Charbonneau holds a bachelor’s degree in mathematics (statistics) from the Montreal University. He is also a FCIA (Fellowship from the Canadian Institute of Actuaries) & FCAS (Fellowship from the Casualty Actuarial Society) fellow.

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)

    Q1-2025 results: 5 May 2025 (after market close)
    Annual General Shareholders’ Meeting: 14 May 2025
    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2023 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

      Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust.
    You can check the authenticity on the website www.wiztrust.com.
     

    COFACE: FOR TRADE
    With over 75 years of experience and the most extensive international network, Coface is a leader in Trade Credit Insurance & risk management, and a recognized provider of Factoring, Debt Collection, Single Risk insurance, Bonding, and Information Services. Coface’s experts work to the beat of the global economy, helping ~100,000 clients in 100 countries build successful, growing, and dynamic businesses. With Coface’s insight and advice, these companies can make informed decisions. The Group’ solutions strengthen their ability to sell by providing them with reliable information on their commercial partners and protecting them against non-payment risks, both domestically and for export. In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is listed in Compartment A of Euronext Paris
    ISIN: FR0010667147 / Ticker: COFA

    DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2023 Universal Registration Document filed with AMF on 5 April 2024 under the number D.24-0242 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.

    Attachment

    The MIL Network

  • MIL-OSI Economics: Asian Development Bank and World Bank Group Join Forces on a New Full Mutual Reliance Partnership

    Source: Asia Development Bank

    20 February 2025 — Today, Asian Development Bank President Masatsugu Asakawa and World Bank Group President Ajay Banga signed a groundbreaking new cofinancing partnership.

    The Full Mutual Reliance Framework (FMRF), the first of its kind among multilateral development banks (MDBs), will generate efficiencies, streamline implementation, deliver faster results, and ultimately, achieve better outcomes for borrowing countries.

    This partnership responds to the needs of client countries in Asia and the Pacific who are demanding more rapid, efficient, and effective development financing, and more seamless coordination by MDBs. It also responds to G20 Leaders’ call for MDBs to work more effectively as a system. 

    With this new partnership, one institution will act as the “Lead Lender,” handling all aspects of project design, preparation, appraisal, supervision, and evaluation for both lenders. The other institution (the Trail Lender) may participate in knowledge sharing and limited support but without decision-making or fiduciary responsibilities. The closely aligned policies of the two lenders allow for mutual reliance without compromising standards. 

    This partnership is expected to serve as a model for deeper collaboration among other MDBs and help address pressing development needs while fostering knowledge sharing and innovation.

    As the institutions move towards implementation, they will continue to engage with their respective Boards, borrowers, and other stakeholders.

    MIL OSI Economics

  • MIL-OSI Economics: ADB and World Bank Partner on Full Mutual Reliance Framework to Enhance Development Effectiveness

    Source: Asia Development Bank

    MANILA, PHILIPPINES (20 February 2025) — Asian Development Bank (ADB) President Masatsugu Asakawa and World Bank President Ajay Banga signed a groundbreaking Full Mutual Reliance Framework (FMRF) agreement today to deepen collaboration on cofinanced sovereign projects. This innovative model aims to streamline project preparation, reduce duplication, and deliver faster and more effective support to member countries facing urgent development challenges.

    Approved by the Boards of both organizations on 28 January, the FMRF designates one institution as the Lead Lender—responsible for project preparation, appraisal, and supervision—so borrowers engage with a single operational policy framework. This approach simplifies processes and reduces transaction costs while maintaining rigorous policy standards.

    “The Full Mutual Reliance Framework is a significant step in our collaboration with the World Bank, and will deliver lasting benefits to communities and economies across Asia and the Pacific,” said Mr. Asakawa. “By leveraging our respective strengths, we can enhance efficiency, scale impact, and provide a strong platform for sustainable and inclusive growth.”

    “This partnership between the World Bank Group and the Asian Development Bank is a testament to the deep trust and abiding confidence between our institutions,” said Mr. Banga. “It reflects a broader shift in development finance—where collaboration, not competition, delivers greater impact. By combining our strengths, we are making it faster, easier, and more cost-effective for countries to access the support they need. More than just an agreement, this is a model for how development banks can work together to drive better outcomes for the people we serve.”

    The FMRF aligns with the G20 Leaders’ call for multilateral development banks (MDBs) to work more cohesively as a system to maximize impact and address escalating development challenges. Borrowers will benefit from reduced project processing times and simplified engagement with the Lead Lender. Both institutions anticipate gains in operational efficiency and policy alignment.

    The framework will initially apply to a select number of sovereign projects during a 4-year pilot phase, starting in 2025, to refine operational approaches and assess outcomes. Building on earlier cofinancing efforts, such as the Procurement Framework Agreement of 2018, the FMRF incorporates lessons learned from extensive consultations with civil society organizations and other stakeholders.

    The FMRF is expected to serve as a model for deeper collaboration among MDBs and help address urgent development needs while fostering knowledge sharing and innovation.    

    ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region.

    MIL OSI Economics

  • MIL-OSI Video: David Beckham uses his platform to support UNICEF #Davos2025 #WorldEconomicForum #DavidBeckham

    Source: World Economic Forum (video statements)

    The 55th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.

    This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.

    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/
    X ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #Davos2025 #WorldEconomicForum #wef25

    https://www.youtube.com/watch?v=3GM5QgvcTNQ

    MIL OSI Video

  • MIL-OSI USA: Cantwell, Colleagues File Amicus Brief Over Illegal Inspectors General Firings

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    02.20.25

    Cantwell, Colleagues File Amicus Brief Over Illegal Inspectors General Firings

    WASHINGTON, D.C. – This week, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, joined 26 Senate Democrats in filing an amicus brief in support of a lawsuit brought by eight inspectors general (IGs) who were illegally fired by President Donald Trump. The Senators noted that the role of an inspector general is to uncover government waste, corruption, or illegal actions by political appointees and ensure the laws enacted by Congress are faithfully executed. In 2022, by a vote of 93 to 1, the Senate voted to strengthen existing IG protections to require that Congress be notified at least 30 days in advance of the removal of any Inspector General.

    “Inspectors General (“IGs”) are responsible for uncovering and preventing waste, fraud, and abuse in the administration of federal programs. Their investigations, reports, and audits are crucial tools in uncovering corruption and mismanagement in the executive branch, and IGs are vital to fulfilling Congress’ constitutional oversight responsibilities. For those reasons, Congress requires the President by law to provide notice to Congress, and thus an opportunity for interbranch consultation, before removing an Inspector General from position,” wrote the Senators in the amicus brief.

    “IGs are, by design and by law, not partisan political appointees who the President must be able to dispose of at will, lest their faults be attributed to the President,” the Senators continued.

    The eight inspectors general who are suing President Trump and other administration officials over their illegal firings are part of a larger group of about 17 independent inspectors general who were illegally fired on January 24. In order to protect the independence of America’s nonpartisan IGs, federal law explicitly requires the President to provide Congress both a 30-day notice and communicate in writing a “substantive rationale, including detailed and case-specific reasons,” for the termination. However, as the plaintiffs explain in their complaint, and as the Senators describe in their amicus brief, President Trump did not follow the law.

    • Department of Defense
    • Veterans Affairs
    • Health and Human Services
    • State Department
    • Department of Education
    • Department of Agriculture
    • Department of Labor
    • Small Business Administration

    The amicus brief, led by Senate Minority Leader Schumer (D-NY), and Senators Tim Kaine (D-VA), and Chris Coons (D-DE) was also signed by Senators Welch (D-VT), Schiff (D-CA), Luján (D-NM), Blumenthal (D-CT), Van Hollen (D-MD), Duckworth (D-IL), Hassan (D-NH), Bennet (D-CO), Cortez Masto (D-NV), Heinrich (D-NM), Schatz (D-HI), Shaheen (D-NH), Whitehouse (D-RI), Gallego (D-AZ), Slotkin (D-MI), Warren (D-MA), Gillibrand (D-NY), Kelly (D-AZ), Hirono (D-HI), Klobuchar (D-MN), Durbin (D-IL), Peters (D-MI), Reed (D-RI), Booker (D-NJ), and Rosen (D-NV).

    The full amicus brief is available HERE.

    MIL OSI USA News

  • MIL-OSI USA: America Is Back — and President Trump Is Just Getting Started

    US Senate News:

    Source: The White House
    President Donald J. Trump took office just one month ago, but has already accomplished more than most presidents do in their entire term as he makes good on his promise to usher in the New Golden Age of America.
    Here is a non-comprehensive list of President Trump’s wins after just one month:
    SECURING OUR HOMELAND:
    President Trump declared a national emergency at the border and deployed the military, including the 10th Mountain Division, to secure our nation.
    Illegal border crossings have hit lows not seen in decades as U.S. Border Patrol is re-empowered to once again enforce the law.
    ABC News: “From Jan. 21 through Jan. 31, the number of U.S. Border Patrol apprehensions along the southwest border dropped 85% from the same period in 2024, according to data obtained by ABC News. In the 11 days after Jan. 20, migrants apprehended at ports of entry declined by 93%.”

    Illegal aliens have started turning around in droves amid the crackdown.
    The Department of Homeland Security announced that arrests of criminal illegal immigrants have doubled under President Trump.
    President Trump signed the Laken Riley Act into law, which requires illegal immigrants arrested or charged with theft or violence to be detained — honoring the legacy of Laken Riley, a Georgia college student brutally murdered by an illegal alien released into the country.
    President Trump ended “catch-and-release,” reversing the dangerous Biden-era policy that released dangerous illegal aliens back into our communities.
    President Trump shut down the “CBP One” app, which “paroled” more than one million illegal immigrants into the country.
    A migrant shelter in San Diego announced it will shut down after it has received no new arrivals since President Trump took office.

    President Trump terminated all taxpayer-funded public benefits for illegal aliens.
    President Trump ramped up deportation flights of criminal illegal aliens.
    After President Trump announced “urgent and decisive retaliatory measures” against Colombia over its refusal to accept deportation flights from the U.S., the country’s president quickly backtracked — even offering the use of his personal plane for the deportations.
    El Salvadorian President Nayib Bukele offered to accept deportees of any nationality, including violent American criminals currently imprisoned in the U.S.

    President Trump began transferring criminal illegal aliens to Guantanamo Bay ahead of their repatriation back to their own countries.
    President Trump re-established the successful “Remain in Mexico” policy.
    President Trump restarted construction of the border wall.
    The Trump Administration officially declared Tren de Aragua, MS-13, the Sinaloa Cartel, the Jalisco New Generation Cartel, the United Cartels, the Gulf Cartel, the Northeast Cartel, and the Michoacán Family as Foreign Terrorist Organizations.
    New York City Mayor Eric Adams (D) agreed to allow federal immigration officials to operate on Rikers Island and deport illegal alien criminals following his meeting with Border Czar Tom Homan.
    Mexico announced a deployment of 10,000 troops to the border to combat illegal immigration and fentanyl trafficking, while Canada announced a flurry of measures to combat fentanyl manufacturing and trafficking following President Trump’s imposition of tariffs on the two countries.
    President Trump implemented an additional 10% tariff on imports from China in order to stem the flow of illegal aliens and fentanyl.
    President Trump ordered an end to birthright citizenship.
    President Trump suspended the U.S. Refugee Admissions Program.
    The Department of Justice filed suit against the State of New York and some of its elected officials over their willful failure to follow federal immigration law and announced that it will take action against so-called “sanctuary cities” for their obstruction of U.S. law.
    The Department of Homeland Security “clawed back” tens of millions of dollars in funds paid by rogue FEMA officials to house illegal aliens in luxury New York City hotels.
    President Trump reinstated the death penalty for federal capital crimes.
    PROTECTING AMERICAN WORKERS AND FOSTERING ECONOMIC GROWTH:
    President Trump restored a 25% tariff on steel imports and elevated the tariff to 25% on aluminum imports to protect these critical American industries from unfair foreign competition — a move praised by the Steel Manufacturers Association, the Aluminum Association, and businesses across the country.
    Robert Simon, CEO of JSW Steel USA, praised President Trump’s steel and aluminum tariffs, celebrating them “as a project that will flood the U.S. with jobs as trading partners move their industries to U.S. soil to avoid tariffs.”

    Makoto Uchida, the CEO of global automaker Nissan, said President Trump’s tariffs could push the car manufacturer to move its production from Mexico to the U.S.
    President Trump unveiled a plan for fair and reciprocal trade, making clear to the world that the United States will no longer tolerate being ripped off.
    President Trump secured hundreds of billions of dollars in new investments.
    President Trump announced the largest artificial intelligence infrastructure project in history, securing $500 billion in planned private sector investment — with major CEOs agreeing it would not have been possible without President Trump’s leadership.
    Saudi Arabia declared its intention to invest $600 billion in the United States over the next four years.
    President Trump secured a $20 billion investment by DAMAC Properties to build new U.S.-based data centers.
    Taiwan pledged to boost its investment in the United States.
    Electronics giants Samsung and LG “are considering moving their plants in Mexico to the U.S.” now that President Trump is back in office.

    In February, forecasters from the Federal Reserve Bank of Philadelphia revised their economic growth projections for the first quarter of 2025 up from 1.9% to 2.5%, and their unemployment rate projections for the quarter down from 4.2% to 4.1%.
    After a meeting with President Trump, Stellantis announced it will reopen its assembly plant in Belvidere, Illinois — putting 1,500 employees back to work — and build its next-generation Dodge Durango in Detroit, Michigan. The company also announced new investments in their Toledo, Ohio, and Kokomo, Indiana, facilities.
    President Trump laid out a visionary plan to establish a Sovereign Wealth Fund to maximize the stewardship of the $5+ trillion in assets held by the United States.
    Following President Trump’s victory, the S&P 500 set a new record as the stock market surged to record highs — while major Wall Street firms like JP Morgan Chase posted their highest ever annual profits.
    LOWERING THE COST OF LIVING:
    President Trump directed the heads of all executive departments and agencies to “deliver emergency price relief … to the American people and increase the prosperity of the American worker.”
    President Trump established the National Energy Dominance Council to maximize use of the U.S.’ extensive energy resources, thereby enabling lower energy prices.
    Crude oil prices have fallen over 5% since President Trump took office.
    The Department of Energy postponed burdensome Biden-era efficiency standard rules for the following appliances, saving American consumers large sums:
    Central air conditioners: Biden rules were slated to make air conditioners $1,100 more expensive, according to Alliance for Consumers.
    Gas water heaters: Biden rules were slated to make water heaters $2,800 more expensive.
    Clothes washers and dryers: Biden rules were slated to make washers $200 more expensive.
    Light bulbs: Biden rules were slated to make light bulbs $140 more expensive.
    Walk-in coolers and freezers, commercial refrigeration equipment, and air compressors.

    The total cost of federal regulations in 2023 was a record-breaking $2.1 trillion, or $15,788 per U.S. household, according to the Competitive Enterprise Institute. By requiring agencies to identify at least ten existing rules, regulations, or guidance documents to be repealed for every one rule they promulgate, President Trump has put the U.S. on track to severely reduce regulatory costs for everyday Americans.
    The National Associations of Manufacturers found the cost of federal regulations was even greater — at $3.079 trillion in 2022.

    Secretary Sean Duffy’s very first action at the Department of Transportation was to initiate rulemaking resetting Corporate Average Fuel Economy (CAFE) standards — effectively eliminating the Biden-era electric vehicle mandate.
    NBER economist Mark R. Jacobsen “estimates that a one-mpg increase in CAFE standards costs consumers of all income levels approximately 0.5% of their income in the first year of the increase. By the 10th year following the increase, however, this cost becomes regressive, as the increase drives up the price of used cars. A one-mpg increase in CAFE standards costs consumers earning less than $25,000 per year 1.12% of their income, but only costs consumers earning more than $75,000 per year 0.41% of their income.”

    RE-ESTABLISHING AMERICAN STRENGTH:
    President Trump secured the release of six American hostages in Venezuela, two Americans in Afghanistan, an American-Israeli citizen in Hamas captivity, a Pennsylvania teacher in Russian captivity, and an American citizen in Belarus — bringing the total number of American hostages released under President Trump to 11.
    President Trump spoke with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy in pursuit of finally securing peace as negotiations get underway.
    President Trump restored maximum pressure on Iran, “sanctioning an international network for facilitating the shipment of millions of barrels of Iranian crude oil worth hundreds of millions of dollars to the People’s Republic of China.”
    President Trump redesignated the Iran-backed Houthis as a Foreign Terrorist Organization.
    President Trump hosted Israeli Prime Minister Benjamin Netanyahu for a visit where he proposed a bold vision for securing lasting peace in Gaza.
    Former U.S. Ambassador to Israel David Friedman described the proposal as “brilliant, historic and the only idea I have heard in 50 years that has a chance of bringing security, peace and prosperity to this troubled region.”

    President Trump hosted Japanese Prime Minister Shigeru Ishiba, who announced his intention to “elevate Japan’s investment in the United States to an unprecedented amount of $1 trillion,” import “historic” quantities of LNG from Alaska, and open new auto plants in the U.S.
    President Trump hosted Jordan’s King Abdullah II, who announced that the Kingdom will accept 2,000 sick children from Gaza “as quickly as possible.”
    President Trump hosted Indian Prime Minister Narendra Modi for a visit where they announced new deals between the two countries on immigration, trade, energy, and artificial intelligence.
    President Trump banned funding to UNRWA — a United Nations agency that employed hundreds of Hamas and jihad operatives.
    President Trump imposed sanctions on the International Criminal Court, which has illegitimately asserted jurisdiction over internal U.S. matters and baselessly targeted Israeli Prime Minister Benjamin Netanyahu.
    President Trump reinstated the Mexico City Policy to ensure no taxpayer dollars support foreign organizations that perform, or actively promote, abortion in other nations.
    The Department of State ordered embassies worldwide to only fly the American flag — not activist flags.
    President Trump declared all foreign policy must be conducted under the President’s direction, ensuring career diplomats reflect the foreign policy of the United States at all times.
    The Department of State declared that U.S. foreign policy will be America First going forward.
    Following a visit from Secretary of State Marco Rubio, Panamanian President José Raúl Mulino agreed to withdraw from China’s Belt and Road Initiative, a debt-trap diplomacy scheme the Chinese Communist Party uses to gain influence over developing nations.
    The U.S. rejoined the Geneva Consensus Declaration, which promotes and strengthens opportunities for women and girls around the world, and protects the family as the fundamental unit of society.
    President Trump cracked down on anti-Semitism by canceling visas for foreign students who are Hamas sympathizers.
    President Trump ordered the immediate dismissal of the Board of Visitors for the Army, Air Force, Navy, and Coast Guard following years of woke ideologies infiltrating U.S. service academies.
    The U.S. Army barred transgender people from enlisting and stopped using taxpayer funds for sex change surgeries.
    President Trump reinstated, with backpay, U.S. service members who were discharged under the military’s nonsensical COVID-19 vaccine mandate.
    Secretary of Defense Pete Hegseth restored Fort Liberty, North Carolina, to “Fort Bragg,” in honor of a World War II hero.
    President Trump withdrew the U.S. from the World Health Organization.
    President Trump paused enforcement of the overregulation of American businesses abroad, which negatively impacted national security.
    President Trump proclaimed “Gulf of America Day” after the Department of the Interior officially established it on its mapping databases.
    President Trump initiated a process to build a next-generation missile defense shield over the United States.
    UNLEASHING AMERICAN ENERGY:
    President Trump declared a National Energy Emergency to unlock America’s full energy potential and bring down costs for American families.
    President Trump rescinded every one of the Biden Administration’s job-killing, pro-China, anti-American energy regulations.
    President Trump empowered Americans with choice in vehicles, showerheads, toilets, washing machines, light bulbs, and dishwashers, and killed Biden-era regulations that restricted water flow and mandated inadequate light bulb standards.
    President Trump terminated the job-killing Green New Scam.
    President Trump withdrew from the disastrous Paris Climate Agreement, which unfairly ripped off our country.
    President Trump paused federal permitting for massive wind farms, which degrade our natural landscapes and fail to serve American consumers.
    President Trump reversed bureaucratic regulations that impeded Alaska’s ability to develop its vast natural resources.
    President Trump re-opened 625 million acres for offshore drilling, which Biden banned in his waning days, in order to “drill, baby, drill.”
    President Trump scrapped an Obama-era rule on greenhouse gases.
    President Trump ended the Liquefied Natural Gas pause and approved the first LNG project since the Biden Administration banned them last year.
    BRINGING BACK COMMON SENSE:
    Health systems across the nation stopped or downsized their sex change programs for minors following President Trump’s “Protecting Children from Chemical and Surgical Mutilation” executive order.
    In Illinois, Chicago’s Lurie Children’s Hospital paused sex-change surgeries for patients under 19 as it “work[s] to understand the rapidly evolving environment.”
    In Colorado, Denver Health announced it would stop performing sex change surgeries on minor children, while UCHealth said it was ending so-called “gender-affirming care” for all minors.
    In Washington, D.C., Children’s National Hospital “paused” prescribing puberty blockers and hormone therapies for minors, while Northwest Washington Hospital did the same.
    In Virginia, VCU Health and Children’s Hospital of Richmond “suspended” providing transgender-related medication and surgeries for minors, while UVA Health also “suspended” transgender-related services for minors.

    President Trump ended the unfair, demeaning practice of forcing women to compete against men in sports — which resulted in the NCAA changing its rules.
    The Department of Education launched investigations into the California Interscholastic Federation and the Minnesota State High School League over their failures to comply.

    President Trump made it the official policy of the U.S. government that there are only two sexes.
    President Trump banned COVID-19 vaccine mandates at schools that receive federal funding.
    President Trump rolled back the Biden-era push to mandate paper straws.
    President Trump instructed the Secretary of the Treasury to stop production of the penny, which cost 3.69 cents each to make.
    President Trump directed full enforcement of the Hyde Amendment, which bars taxpayer dollars from being used to fund or promote elective abortion.
    The Department of Transportation terminated the approval for New York City’s burdensome “congestion pricing” scheme.
    RESTORING ACCOUNTABILITY AND TRANSPARENCY IN GOVERNMENT
    President Trump established the Department of Government Efficiency (DOGE) to maximize government productivity and ensure the best use of taxpayer funds — which has already achieved billions of dollars in savings for taxpayers.
    President Trump commenced his plan to downsize the federal bureaucracy and eliminate waste, bloat, and insularity.
    President Trump ordered federal workers to return to the office five days a week.
    President Trump ordered federal agencies hire no more than one employee for every four employees who leave.
    President Trump ended the wasteful Federal Executive Institute, which had become a training ground for bureaucrats.
    President Trump ordered the termination of all federal Fake News media contracts.

    President Trump ordered the Consumer Financial Protection Bureau — the brainchild of Elizabeth Warren, which funneled cash to left-wing advocacy groups — to halt operations.
    President Trump ordered an end to anti-Christian bias in the Federal Government.
    President Trump ordered an examination of all regulations to assess any infringements on Americans’ Second Amendment rights.
    The Environmental Protection Agency canceled tens of millions of dollars in contracts to left-wing advocacy groups, announced an investigation into a scheme by Biden EPA staffers to shield billions of dollars from oversight and accountability, and put 168 “environmental justice” employees on leave.
    President Trump stopped the waste, fraud, and abuse within USAID — ensuring taxpayers are no longer on the hook for funding the pet projects of entrenched bureaucrats, such as sex changes in Guatemala.
    President Trump ordered an end to the weaponization of the Federal Government against American citizens.
    The Department of Justice immediately began rooting out politically motivated lawfare that occurred in the Biden Administration.

    President Trump reversed the massive over-expansion of the IRS that took place during the Biden Administration.
    President Trump eliminated discriminatory DEI offices, employees, and practices across the bureaucracy alongside a return to merit-based hiring — including at the Federal Aviation Administration, where the Biden Administration specifically recruited individuals with intellectual disabilities and psychiatric issues.
    As a result, taxpayer-funded PBS closed its DEI office, Disney dropped two of its DEI programs, Goldman Sachs ended its DEI policy, and Institutional Shareholder Services announced it would no longer consider diversity of company boards when making its voting recommendations.
    The Federal Communications Commission opened an investigation into discriminatory DEI policies at Comcast, an entity it regulates.

    President Trump ordered an end to all censorship of Americans by the federal government.
    President Trump ordered a review of funding for all non-governmental organizations, so taxpayers are no longer funding those that undermine America’s interests.
    The Department of State issued a “pause” on existing foreign aid grants to ensure accountability and efficiency.

    President Trump lifted last-minute collective bargaining agreements issued by the Biden Administration, which sought to impede reform.
    President Trump overrode bureaucratic red tape that limited water availability in California following the failure of the state’s water system during the devastating wildfires.
    President Trump terminated the Biden-era electric vehicle mandate.
    President Trump suspended the Biden-era EV charging program, which had resulted in just eight charging stations despite $7.5 billion earmarked for the program.

    President Trump shut down the wasteful Biden-era “Climate Corps” program.
    The Federal Communications Commission took action against a Soros-backed radio station that leaked sensitive information about ICE operations.
    President Trump ordered the declassification of documents related to the assassinations of President John F. Kennedy, Jr., Robert F. Kennedy, and Rev. Dr. Martin Luther King, Jr.
    President Trump opened the White House Press Briefing Room to non-legacy media outlets as the White House sets a new standard for transparency in the digital age.
    President Trump reinstated press privileges for roughly 440 journalists who the Biden Administration sought to silence.
    President Trump fired members of The Kennedy Center’s Board of Trustees amid their obsession with perpetuating radical, left-wing ideology at taxpayer expense.
    President Trump revoked the security clearances of the 51 “spies who lied.”
    EMPOWERING THE AMERICAN PEOPLE
    President Trump established the Make America Healthy Again Commission, which redirects the national focus to promoting health rather than simply managing disease.
    President Trump took executive action to expand access to in vitro fertilization (IVF).
    President Trump established the White House Faith Office to protect Americans’ religious liberty.
    President Trump ordered an end to the radical indoctrination of children in K-12 schools that receive federal funding.
    President Trump took executive action to support parents in choosing the best education for their children.
    President Trump established the Presidential Working Group on Digital Asset Markets to strengthen U.S. leadership in digital finance.
    President Trump granted full and unconditional pardons to 23 pro-life Americans who were unjustly persecuted by the Biden Administration.
    President Trump pardoned two Washington, D.C., police officers who were imprisoned simply for doing their jobs of apprehending criminals.
    President Trump has had his cabinet confirmed by the Senate at a far faster pace than his predecessors, with a majority of his cabinet earning confirmation in his first month.

    MIL OSI USA News

  • MIL-OSI United Kingdom: Manchester Digital Campus gets green light

    Source: United Kingdom – Executive Government & Departments

    A major government office complex has been given planning consent to be built in Manchester.

    A major government office complex has been given planning consent to be built in Manchester.

    Manchester Digital Campus will be a state-of-the-art hub constructed on the former Central Retail Park in Ancoats after the city’s planning committee approved the Government Property Agency’s (GPA) scheme at a meeting today (Thursday 20 February 2025).

    The campus will bring together a number of Civil Service departments with a focus around digital skills and create significant employment opportunities and economic benefits in the region.

    Mark Bourgeois, CEO at the GPA, said:

    We are delighted with the decision and are grateful for the support of the many stakeholders in Manchester. The GPA team is proud to be working on this exciting project in support of the Government’s growth mission.

    The GPA exchanged contracts to acquire five-and-a-half acres of the former Central Retail Park in Ancoats from the city council in May last year with a view to constructing a state-of-the-art digital campus.

    Both the agency and Manchester City Council have been working together on the plans for Ancoats, culminating in a parallel proposal for the digital campus and an adjacent public park.

    The council and the GPA held a joint consultation around emerging plans for the former retail site in August and September last year, inviting local residents, businesses and other stakeholders to help guide proposals to create the new government digital campus – delivered by the GPA – and a new city centre park space, delivered by the council.

    Mark added:

    We are pleased to be working with Manchester City Council on these regeneration  plans, and look forward to creating fantastic and sustainable workplaces to support the transformation of the Civil Service.

    This proposed development, builds on the work MCC and the GPA undertook last year in putting in place an updated Strategic Regeneration Framework, and the shared ambition to regenerate the Ancoats former retail site, creating employment and wider business opportunities, supported by the digital campus.

    New city centre park  

    Alongside the new campus, the new park will improve access to quality green space in Manchester city centre, creating a connection to the existing Cotton Field Park behind and through to Ancoats and New Islington.  

    The park space has been designed in collaboration with landscape architects Planit-IE following public consultation.  

    A central lawn and plaza will create a green buffer to Great Ancoats Street, with various tiered gardens navigating the different level changes across the site, alongside play areas, paths and tranquil areas to escape the noise of the city. The park has been designed to make sure that it is fully accessible. 

    The site will accommodate new walking and cycling routes, helping to link to other city centre active travel investment in Ancoats, Northern Quarter and out towards the Etihad Campus.

    To note – development across the rest of the site will be brought forward as a later development phase. More information will be made available in due course.

    Leader of the Council, Bev Craig said: 

    Gaining planning approval for both the GPA’s digital campus and the latest city centre park is the launchpad for the transformation of this site.  

    Our ambition has long been to bring the former retail park back into active use and working in partnership with the GPA we are delivering a quality, low carbon development that will bring 7,000 civil service jobs to Manchester in the coming years. 

    The new digital campus plays to Manchester’s strengths. We have fostered one of the fastest growing tech and digital communities in the UK, with a growing international reputation. The transformation of this brownfield site supports our ongoing growth in the sector, which translates into quality employment and development opportunities for our residents.  

    We stand ready to work with this Government to bring forward other ambitious investments in Manchester that can continue our path of sustainable economic growth, supporting our residents to thrive. 

    At the same time, the new park is a welcome addition to our city centre green spaces and a reimagining of the former retail site that has for many years acted only as a barrier to the community behind – and an eyesore in one of the most exciting parts of our city.

    For more information contact comms@gpa.gov.uk

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: The Global Geopolitical Situation: Foreign Secretary speech at G20 South Africa

    Source: United Kingdom – Executive Government & Departments

    Foreign Secretary David Lammy’s intervention on Discussions on the Global Geopolitical Situation at the G20 Foreign Ministerial Meeting, South Africa

    Thank you very much, Ronald (Ronald Lamola, Minister of International Relations and Cooperation of South Africa) and let me say, my dear brother, what a joy is to see the G20 in Africa at long last. And we thank Brazil for its stewardship last year.

    The challenges that we face are truly global.

    We will not begin to tackle them unless we harness the potential of this continent, bursting with growth and opportunities and with so many young people, talented young people at its heart.

    The starkest challenge we face is escalating conflict, both between and within nations, driving vicious cycles of grievance, displacement and low growth.

    Your presidency, Ronald calls for solidarity, and solidarity starts by recognizing and naming the victims of war and injustice.

    Innocent Ukrainians enduring bombardment night after night from Odessa to Zaphorizhya, the hostages still cruelly held underground by Hamas, 16 months old on from the trauma of October the 7th, and the Palestinian civilians driven from their homes in Gaza and the West Bank, the Sudanese refugees flee their burning villages to escape across the border to Chad, the overwhelming majority of them, women and children having endured the most unimaginable and indiscriminate violence.

    As I said when I visited Chad, there can be no geopolitical stability, whilst there remains a hierarchy of conflicts, with those on this continent finding themselves at the bottom of the global pile.

    And that’s why, since starting this job, I’ve made a reset with the so called Global South, a central plank of the UK Foreign Policy, and it’s why I doubled British aid for Sudan, and I prepared a conference in London to push for a political process which will end the fighting and protect civilians.

    And that’s why I’ve called out the Rwandan Defence Force operations in the eastern DRC as a blatant breach of the UN Charter which risks spiralling into a regional conflict, and that’s why I will again make clear to President Kagame, that further breaches of DRC’s sovereignty will have consequences.

    Because at the heart of my government’s approach to foreign policy lies the belief that regional and geopolitical stability can only be delivered through respect for international law and the principles of the UN Charter.

    And as my Canadian, Australian, Japanese colleagues have said, respect for international law must underwrite a free and open Indo Pacific, just as it must underwrite the Euro Atlantic, with the security of those two regions ever more closely linked.

    And as we turn to the Middle East, the ceasefire in Gaza is painfully fragile, I’m grateful that so many of us here today are working together to ensure that it holds we must continue to work together tirelessly to secure the release of the remaining hostages, to bolster the Palestinian Authority, and to boost aid into Gaza and to develop a long term plan for governance and security on the strip so that we can advance towards, a two state solution. Which remains the only long term viable pathway to peace.

    And finally, in Ukraine, the only just and lasting peace will be a peace that is consistent with the UN Charter, and we want that as soon as possible.

    You know, mature countries learn from their colonial failures and their wars, and Europeans have had much to learn over the generations and the centuries.

    But I’m afraid to say that Russia has learned nothing.

    I listened carefully to Minister Lavrov intervention just now he’s, of course, left his seat, hoping to hear some readiness to respect Ukraine’s sovereignty.

    I was hoping to hear some sympathy for the innocent victims of the aggression.

    I was hoping to hear some readiness to seek a durable peace.

    What I heard was the logic of imperialism dressed up as a realpolitik, and I say to you all, we should not be surprised, but neither should we be fooled.

    We are at a crucial juncture in this conflict, and Russia faces a test.

    If Putin is serious about a lasting peace, it means finding a way forward which respects Ukraine’s sovereignty and the UN Charter which provides credible security guarantees, and which rejects Tsarist imperialism, and Britain is ready to listen.

    But we expect to hear more than the Russian gentleman’s tired fabrications.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Nick Park CBE, unveils statue of Feathers McGraw at Animate, Preston

    Source: City of Preston

    Nick Park CBE, four-time Academy Award®-winner and Preston-born creator of Wallace & Gromit, has officially opened the city’s £45m+ Animate entertainment and leisure destination.

    The Honorary Freeman of Preston and multi award-winning filmmaker, unveiled a four-foot-high bronze statue of Feathers McGraw, the villainous penguin character in the Wallace & Gromit animated films, to mark the opening, close by to the existing famous Wallace & Gromit bench at Preston Markets.

    Joining Nick at the unveiling were the Mayor of Preston Councillor Philip Crowe, Chris Butler and Chris Jones, owners and directors of Castle Fine Arts Foundry, which created the statue, and Merlin Crossingham, Bafta@ award-winning creative co-director of Wallace and Gromit at Aardman Animations.

    Nick and Merlin are executive directors and creative directors, respectively, at Bristol-based independent studio Aardman, makers of the Wallace & Gromit films and other beloved brands, including Shaun the Sheep, Creature Comforts, Chicken Run, and Morph.

    Nick Park CBE said:

    “As a proud Prestonian, I couldn’t be more ‘egg-cited’ to see our infamous Feathers McGraw joining Wallace and Gromit in my hometown.

    “I’m not sure how happy Wallace and Gromit will be, though, to have their arch nemesis clutching the limelight.”

    Councillor Matthew Brown, Leader at Preston City Council said:

    “To have Nick Park officially opening our flagship regeneration scheme, Animate, is a genuine honour and landmark moment for the Council and the city. In addition, the new Feathers McGraw statue is a fantastic complement to the Wallace and Gromit bench, which has drawn so many visitors to Preston – its popularity has blown us away.

    “Today heralds a new era for Preston, providing an unrivalled multi-tenanted entertainment and leisure complex for residents and visitors from the wider regionin the ownership of our city.”

    Chris Jones, Director at Castle Fine Arts Foundry added:

    “It was such an honour for us all at the Foundry to be given the opportunity to depict the deliciously malign Feathers McGraw in bronze, having enjoyed creating Wallace & Gromit a couple of years ago.

    “We had felt Feathers ‘wee beady eyes’ upon us in the workshop for a good few months since we completed him, so it was both a relief and a joy to put him where he truly belongs, alongside his arch nemeses in Preston.”

    Animate features The Arc Cinema with eight screens, 16-lane Hollywood Bowl bowling alley with gaming zone, public realm, a socialising unit and 164-space basement car park, alongside leading family restaurant brands Ask Italian, Cosmo, Taco Bell, Argento Lounge and a variety of street food outlets and a cocktail bar in Mad Giant Food Hall, run by Northern Lights Group.

    The scheme was delivered by Maple Grove Developments (MGD), part of Preston-based contractor Eric Wright Group, on behalf of Preston City Council. Commercial property agents Sanderson Weatherall are the estate managers.

    Built on the former indoor market and car park site, Animate is fully owned by Preston City Council and is one of six major projects in Preston’s Harris Quarter Towns Fund Investment Programme, a £200m programme including £20.9m of funding by UK Government to support several regeneration projects.

    The leisure scheme supports the Council’s commitment to Community Wealth Building – a fair, inclusive and ethical approach to fostering sustainable economic development and prosperity for all in Preston – via measures including using locally based businesses and the creation of approximately 300 full and part-time jobs when fully open and 105 apprenticeship weeks worked throughout the construction period to date.

    Opening dates at Animate

    • Argento Lounge – Open
    • Taco Bell – Open
    • The Arc Cinema – Open
    • Hollywood Bowl – opening March
    • Ask Italian – opening early April 
    • Mad Giant Food Hall – coming soon  
    • Cosmo – coming soon

    Visit Animate Preston for more information

    Harris Quarter Towns Fund Investment Programme

    Projects included in Preston’s £200 million Harris Quarter Towns Fund Investment Programme are:

    • Animate – £45m multi-use entertainment and leisure complex anchored by a state-of-the-art cinema and bowling venue next to Preston Markets
    • Educate Preston: The creation of a new Careers and Employment, Information, Advice and Guidance Hub in the Harris Quarter.
    • Renewal of Harris Quarter Assets: Investment to support the redevelopment of publicly-owned buildings in the Harris Quarter to support new cultural and community uses, including Amounderness House.
    • Illuminate and Integrate: A project to deliver improved pedestrian and cycleway infrastructure, street lighting and other public realm improvements within the Harris Quarter.
    • Preston Youth Zone:The development of Preston Youth Zone as a state-of-the-art facility for young people in Preston aged eight to 19.
    • #HarrisYourPlace:The refurbishment of the Grade I listed Harris Museum, Art Gallery & Library, enhancing and protecting the building for future generations.
    • Preston Pop Ups: £1m pop-up programme of events bringing together new temporary event space, artworks and improvements to public realm infrastructure, aimed at boosting visitor activity in the Harris Quarter.

    For more information, visit Invest Preston.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Manchester Digital Campus and latest city centre park gets planning green light

    Source: City of Manchester

    A major government office complex bringing 7,000 civil service jobs to Manchester alongside a new urban park have been given planning consent to be built in Ancoats.

    A major government office complex bringing 7,000 civil service jobs to Manchester alongside a new urban park have been given planning consent to be built in Ancoats.

    Manchester Digital Campus

    The campus will be a state-of-the-art hub constructed on the former Central Retail Park in Ancoats after the city’s planning committee approved the Government Property Agency’s (GPA) scheme at Manchester City Council planning committee today (Thursday 20 February)

    The campus will bring together a number of Civil Service departments with a focus around digital skills and create significant employment opportunities and economic benefits in the region.

    The state-of-the-art campus will bolster Manchester’s digital and tech sector, driving economic growth and new employment opportunities for the city.  

    New City Centre Park

    Alongside the new campus, the new park will improve access to quality green space in Manchester city centre, creating a connection to the existing Cotton Field Park behind and through to Ancoats and New Islington.

    The park space has been designed in collaboration with landscape architects Planit-IE following public consultation.

    A central lawn and plaza will create a green buffer to Great Ancoats Street, with various tiered gardens navigating the different level changes across the site, alongside play areas, paths and tranquil areas to escape the noise of the city. The park has been designed to make sure that it is fully accessible.

    The site will accommodate new walking and cycling routes, helping to link to other city centre active travel investment in Ancoats, Northern Quarter and out towards the Etihad Campus.

    Mark Bourgeois, CEO at the GPA, said:

    “We are delighted with the decision and are grateful for the support of the many stakeholders in Manchester. The GPA team is proud to be working on this exciting project in support of the Government’s growth mission.”

    The GPA exchanged contracts to acquire five-and-a-half acres of the former Central Retail Park in Ancoats from the city council in May last year with a view to constructing a state-of-the-art digital campus.

    Both the agency and Manchester City Council have been working together on the plans for Ancoats, culminating in a parallel proposal for the digital campus and an adjacent public park.

    The council and the GPA held a joint consultation around emerging plans for the former retail site in August and September last year, inviting local residents, businesses and other stakeholders to help guide proposals to create the new government digital campus – delivered by the GPA – and a new city centre park space, delivered by the council.

    Mark added:

    “We are pleased to be working with Manchester City Council on these regeneration plans, and look forward to creating fantastic and sustainable workplaces to support the transformation of the Civil Service.

    “This proposed development, builds on the work MCC and the GPA undertook last year in putting in place an updated Strategic Regeneration Framework, and the shared ambition to regenerate the Ancoats former retail site, creating employment and wider business opportunities, supported by the digital campus.”

    Leader of the Council Bev Craig said:

    “Gaining planning approval for both the GPA’s digital campus and the latest city centre park is the launchpad for the transformation of this site.  

    “Our ambition has long been to bring the former retail park back into active use and working in partnership with the GPA we are delivering a quality, low carbon development that will bring 7,000 civil service jobs to Manchester in the coming years. 

    “The new digital campus plays to Manchester’s strengths. We have fostered one of the fastest growing tech and digital communities in the UK, with a growing international reputation. The transformation of this brownfield site supports our ongoing growth in the sector, which translates into quality employment and development opportunities for our residents.  

    “We stand ready to work with this Government to bring forward other ambitious investments in Manchester that can continue our path of sustainable economic growth, supporting our residents to thrive. 

    “At the same time, the new park is a welcome addition to our city centre green spaces and a reimagining of the former retail site that has for many years acted only as a barrier to the community behind – and an eyesore in one of the most exciting parts of our city.”  

    Find out more about the redevelopment of the former retail site. 

    Read the planning applications here

    MIL OSI United Kingdom

  • MIL-OSI USA: SBA Relief Still Available to New Mexico Small Businesses and Private Nonprofits Affected by Summer Fires

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in New Mexico of the March 20, 2025 deadline to apply for low interest federal disaster loans to offset economic losses caused by the South Fork Fire, Salt Fire and flooding that occurred June 17‑Aug. 20, 2024.

    The disaster declaration covers the counties of Chaves, De Baca, Doña Ana, Eddy, Guadalupe, Lincoln, Los Alamos, McKinley, Mora, Otero, Rio Arriba, San Juan, Sandoval, Santa Fe, Sierra, Socorro, Taos, Torrance and the tribal region of Mescalero Apache Tribe in New Mexico, as well as Apache County in Arizona, Archuleta, Conejos, La Plata and Montezuma counties in Colorado, Culberson, El Paso and Hudspeth counties in Texas, and San Juan County in Utah.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs that suffered financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amount terms based on each applicant’s financial condition.

    For more information and to apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadline to return economic injury applications is March 20.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: Attorney General James Sues Nation’s Largest Vape Distributors for Fueling the Youth Vaping Epidemic

    Source: US State of New York

    NEW YORK – New York Attorney General Letitia James today announced a lawsuit against 13 major e-cigarette, or “vape,” manufacturers, distributors, and retailers for their role in fueling the youth vaping epidemic. These companies are responsible for illegally distributing, marketing, and selling flavored disposable vapes – including popular brands such as Puff Bar, Elf Bar, Geek Bar, Breeze, MYLE, and more – which have become extraordinarily popular among minors. An Office of the Attorney General (OAG) investigation found that these companies market highly addictive, candy- and fruit-flavored nicotine products to underage consumers, mislead customers about the safety and legality of their products, illegally ship products to New York, and violate health regulations designed to curb youth vaping.  

    With this action, Attorney General James is holding the nation’s leading vape distributors accountable for their role in this public health crisis. The landmark lawsuit seeks hundreds of millions of dollars, including financial penalties for wide-ranging violations of local, state, and federal laws; damages and restitution for the public health impact of the companies’ illegal actions; the recovery of all revenue made from unlawful activity; and the establishment of an abatement fund to address the youth vaping crisis in New York. 

    “The vaping industry is taking a page out of Big Tobacco’s playbook: they’re making nicotine seem cool, getting kids hooked, and creating a massive public health crisis in the process,” said Attorney General James. “For too long, these companies have disregarded our laws in order to profit off of our young people, but we will not risk the health and safety of our kids. Today, we are taking critical steps toward holding these companies accountable for the harm they have caused New Yorkers.” 

    The vaping industry has adopted deceptive, inescapable marketing strategies that are reminiscent of the tactics that made the tobacco industry infamous. Vaping companies directly target youth with bright, colorful packaging, candy and fruit flavors, social media and influencer campaigns, and unproven claims that their products are “safe” alternatives to cigarettes. The vape products the defendants often help develop, design, and even taste-test are intended to attract young people, with eye-catching, cartoonish packaging and flavors like “Blue Razz Slushy,” “Sour Watermelon Patch,” “Unicorn Cake,” “Fruity Bears Freeze,” “Cotton Candy,” “Rainbow Rapper,” “Sour Fruity Worms,” “Fruity Pebbles,” and “Strawberry Cereal Donut Milk,” to entice kids.

    Vape companies use bright, colorful packaging and candy and fruit flavors to entice children.

    The OAG investigation found that these companies often rely on social media in their marketing and ensure their vapes are abundantly available within walking distance of schools in an effort to reach young consumers. The companies also make use of celebrity or influencer endorsements, sponsor brand activations and social media photo opportunities at popular festivals and events, and promote dangerous vaping trends and challenges to drive engagement online. One company, Puff Bar, ran a social media advertisement during the early days of the pandemic lockdown that billed their vapes as “the perfect escape from back-to-back zoom calls [and] parental texts.”

    Vaping advertisements feature bright colors and candy, as well as illegal discounts and relatable language to attract kids.

    The investigation also revealed that vape companies have long been aware that their products pose health risks to users – and are particularly harmful to youth – but have continued to target young people with deceptive and misleading messages about the products’ safety. In particular, the companies’ advertisements often position vaping products as a safer, healthier alternative to cigarettes. One of the defendants has even advanced conspiracy theories in an attempt to brush away concerns over the safety of vaping, repeatedly pushing the idea that state governments were campaigning to crush vaping in an attempt to boost tobacco sales for financial gain. In addition, despite knowing that New York banned the sale of flavored vapor products in 2020, the companies have continued to sell these products while intentionally misleading customers about the legality of the sales.

    None of the companies named in the lawsuit have received authorization from the U.S. Food and Drug Administration (FDA) for their fruit – or – candy flavored vapes, making their sale illegal under federal law. Attorney General James’ lawsuit alleges the companies have knowingly and intentionally ignored FDA warning letters and regulations, as well as the federal Prevent All Cigarette Trafficking (PACT) Act, which prohibits online sales of vaping products to consumers and unlicensed retailers. In addition to violating federal bans on shipping these products, the companies fail to register with the appropriate authorities, verify recipients’ ages, or follow any other shipping restrictions.

    Attorney General James also alleges that these vape companies have blatantly disregarded New York state public health laws, including several policies enacted in recent years to curb youth vaping. In 2020, New York banned the sale of flavored vapor products, restricted the shipment and transport of nicotine products, and raised the legal purchase age for all vapes to 21. The state also banned coupons and discounts on vapes, and began requiring certain companies to disclose dangerous ingredients in their vapes. The vape companies named in this lawsuit have repeatedly and knowingly violated these laws.

    The OAG investigation uncovered widespread evidence of this illegal conduct, including documents showing illegal shipments of flavored vapes to New York residential addresses, communications demonstrating companies’ knowledge of health and legal risks, and company advertisements and social media campaigns that misleadingly promoted vapes as safe and fun.

    The rise in youth vaping has reversed years of progress in reducing tobacco and nicotine use among adolescents. According to the New York State Department of Health (DOH), e-cigarette use among high school students has skyrocketed over the past decade, with flavored vapes being the most commonly used tobacco and nicotine product among youth. Attorney General James’ lawsuit highlights the severe health risks associated with vaping, including nicotine addiction, respiratory issues, and long-term cognitive impairments. According to the American Lung Association, some vape ingredients have been found to cause irreversible lung damage, while nicotine exposure during adolescence can permanently alter brain development. Kids who use nicotine products are also at increased risk for future addiction to other drugs. 

    The rapid rise popularity of vaping among teenagers reversed years of progress in reducing youth nicotine use. 

    For their illegal conduct and role in fueling the youth vaping crisis, Attorney General James is seeking broad relief from the companies, including a permanent ban on selling flavored vapes in New York, significant financial penalties and restitution for harm caused to New Yorkers, public corrective statements to inform consumers of the dangers of vaping, and the creation of an abatement fund to address and mitigate the effects of the public health crisis these companies helped create. In addition, OAG is pursuing total disgorgement of all revenues earned as a result of illegal activity. In total, Attorney General James is seeking hundreds of millions of dollars in financial compensation for the havoc these companies’ products and marketing have wreaked on New York’s kids and their health and well-being.

    The manufacturers, distributors, and retailers named in the lawsuit are Puff Bar, MYLE Vape, Pod Juice, Mi-One Brands, Happy Distro, Demand Vape, EVO Brands, PVG2, Magellan Technology, Midwest Goods, Safa Goods, EVO Brands, and Price Point Distributors, as well as Price Point principals Weis Khwaja, Hamza Jalili, and Mohammad Jalili. 

    These predatory companies purposefully preyed on our classmates and peers, irreparably damaging our lives,” said Erin Kennedy, founder of anti-vaping advocacy group at East Hampton High School and a frontline witness to the second youth nicotine epidemic. “Therapeutic tools are the only useful actions to try to help the second wave of youth nicotine addiction. Money received from lawsuits with vaping companies must be funneled to therapeutic treatments to try and undo the harm, even death, created by these exploitative companies.”

    “I thank Attorney General James for her significant financial commitment to Suffolk County to hopefully invest in community-based therapeutic treatments for my friends and classmates who have been poisoned and now struggle with nicotine addiction,” said Samantha Price, founder of anti-vaping advocacy group at East Hampton High School and a frontline witness to the second youth nicotine epidemic.  

    “Vaping continues to be a public health issue for teens and young adults and has been exacerbated by irresponsible marketing strategies,” said Dr. Susan Gasparino, Medical Director of the Clinical and Community-Based Programs at the Center for Community Health & Prevention at the University of Rochester Medical Center. “I applaud and sincerely thank Attorney General Letitia James for, once again, taking action to hold these companies accountable. Her efforts, paired with the counseling and educational services like those we provide at our Center’s clinic, are what it takes to see change and advocate for the health of our young people.” 

    “Parents Against Vaping is enormously grateful to New York’s Attorney General Letitia James and her team for their ongoing commitment to and leadership in the fight to protect kids from a predatory industry that seeks to addict an entire generation to nicotine,” said Meredith Berkman, Co-Founder of Parents Against Vaping. “By going after those who deliberately market, promote, and peddle illegal flavored vapes to minors, causing serious negative health consequences that can impact young people for years to come, the Attorney General makes clear that she will not allow these bad actors to continue making enormous profits while harming New York’s children.” 

    “The vaping industry has taken advantage of youth as a vulnerable and profitable market through flavoring, advertising, and sales techniques, putting their health at risk,” said Melissa Safford, Program Director of Uplift Irondequoit. “Our coalition and community work hard to promote prevention amid a market that is flooded with false claims surrounding the safety and benefits of vaping. It is wonderful to see that Attorney General James is continuing to be a champion for youth’s health, protecting them from the vaping industry.” 

    “The Long Island Council on Alcoholism and Drug Dependence (LICADD) offers our professional support to the continued leadership by our New York State Attorney General Letitia James in her unwavering efforts to keep New Yorkers safe from unscrupulous marketing strategies flagrantly targeting our youth and exposing them to dangerous and addictive nicotine products,” said Steve Chassman, Executive Director of LICADD. “Nicotine is a potent mind- and mood-altering drug that potentially develops into a physical and psychological dependence. The implications of nicotine intoxication and dependence for young people on their mental, physical, academic, and social well-being are far reaching when dangerous levels of nicotine are consumed at a vulnerable age. These dangerous products are being callously marketed as ‘candy-like’ materials, distorting the harmful effects the drug has on human development. LICADD commends Attorney General Letitia James for fighting for the health and wellness of our youth who are potentially falling prey to monetary greed and a total disregard of public health.” 

    This lawsuit builds on Attorney General James’ efforts to hold the vaping industry accountable. Last month, Attorney General James filed a lawsuit against a retailer in upstate New York for knowingly selling vapor products to underage customers. In April 2023, Attorney General James secured $462 million from Juul Manufacturers for its role in the youth vaping epidemic. In August 2021, Attorney General James co-led a bipartisan coalition calling on the FDA to regulate e-cigarettes and oral nicotine products. In December 2020, Attorney General James ordered dozens of retailers across the state to immediately stop selling e-cigarette products to underage customers and to stop selling flavored vaping products in violation of New York state law. Also in December 2020, Attorney General James held a roundtable with elected officials, students, and parents on the subject of vaping among young people in New York state. In July 2020, Attorney General James cracked down on three online retailers that were illegally selling e-cigarettes online to consumers in New York, including minors. In April 2019, Attorney General James led a coalition of seven states in urging the Food and Drug Administration (FDA) to take stronger action in addressing the scourge of e-cigarette use among youth by taking proposed measures such as strengthening guidance, beginning enforcement earlier, and banning online sales of e-cigarettes.   

    This matter is being handled by Special Counsel Monica Hanna with assistance from Health Care Deputy Bureau Chief Leslieann Cachola, Special Counsel for Complex Litigation Collen Faherty, Assistant Attorneys General Alex Finkelstein, Wil Handley, and Joy Mele, Legal Assistants Ketty Dautruche and Dana-Ann Henry, and Document Review Managers Carol Cheng and Kristin Petrella, under the supervision of Health Care Bureau Chief Darsana Srinivasan. Data analysis was provided by Data Scientist Blythe Davis under the supervision of Deputy Director Gautam Sisodia and Director Victoria Khan of the Research and Analytics Department. The Health Care Bureau is part of the Division of Social Justice which is led by Chief Deputy Attorney General Meghan Faux and overseen by First Deputy Attorney General Jennifer Levy.   

    MIL OSI USA News

  • MIL-OSI USA: Attorney General James Leads Multistate Coalition to Defend the Consumer Financial Protection Bureau

    Source: US State of New York

    NEW YORK – New York Attorney General Letitia James today co-led a coalition of 23 attorneys general to warn against efforts by the Trump administration and Elon Musk to defund and disband the Consumer Financial Protection Bureau (CFPB). The CFPB is an independent agency that oversees big banks, lenders, credit card companies, and mortgage servicers and ensures companies are following federal consumer protection laws. Since its creation, the CFPB has helped millions of New Yorkers and Americans by helping homeowners facing foreclosure stay in their homes, stopping banks from charging junk fees, and returning more than $20 billion to the pockets of consumers nationwide. Attorney General James and the coalition argue in an amicus brief filed in the U.S. District Court for the District of Maryland that dismantling the CFPB would significantly harm consumers and hamper enforcement of federal consumer protection laws.

    “Eliminating the CFPB will hurt everyday people and benefit billionaires like Elon Musk and his friends,” said Attorney General James. “The CFPB has put billions of dollars back in the pockets of Americans by going after predatory lenders, deceptive companies, and slashing junk fees. The only reason to get rid of this watchdog agency is to protect bad actors. Working families need the CFPB, especially as rising prices are making it hard to make ends meet and put food on the table. My office is leading this coalition to help protect the agency that has protected all of us.”

    On February 9, the Trump administration directed the CFPB to stop all its ongoing work and to not begin any new investigations. The CFPB was formed in 2011 following the Great Recession to enforce federal consumer protection laws. Since its creation, the CFPB has worked with state attorneys general to address consumer issues related to banking, student loan servicers, mortgage servicers, auto lending, and other consumer financial matters. The CFPB has also partnered with attorneys general to stop deceptive, unfair, and abusive conduct by companies. As a result of the Trump administration’s actions, the nation’s largest banks are no longer being closely watched for compliance with key consumer protections by any federal regulator.

    In their brief, Attorney General James and the coalition argue that the administration’s efforts to destroy the CFPB could prevent consumers from reporting issues of fraud or deception. The coalition also writes that efforts to shut down the CFPB would significantly reduce oversight of big banks, further harming consumers. The attorneys general warn that this may lead to financial institutions loosening their regulatory compliance, as was seen in the years leading up to the financial crisis.

    Attorney General James has partnered with the CFPB on several actions to protect consumers and hold companies accountable. In January 2024, Attorney General James, the CFPB, and a multistate coalition sued a web of related shell companies for running an illegal debt-relief enterprise and swindling consumers out of more than $100 million. In April 2024, Attorney General James, the CFPB, and a multistate coalition won an $811 million judgment against a bond services company, Libre by Nexus, for unfairly targeting immigrants and their families with deceptive and abusive tactics. In January 2023, Attorney General James and the CFPB sued one of the nation’s largest auto lenders, Credit Acceptance Corporation (CAC), for deceiving thousands of low-income New Yorkers into signing high-interest car loans. The CFPB and the Office of the Attorney General (OAG) also sued a cash advance company for defrauding 9/11 victims out of money intended to help cover their medical costs, lost income, and other critical needs.

    Joining Attorney General James in filing today’s brief are the attorneys general of Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Rhode Island, Vermont, Washington, Wisconsin, and the District of Columbia.

    MIL OSI USA News

  • MIL-OSI: Slide Launches Next-Generation BCDR Solution Purpose-Built for MSPs

    Source: GlobeNewswire (MIL-OSI)

    NORWALK, Conn., Feb. 20, 2025 (GLOBE NEWSWIRE) — Slide, the modern, security-first Business Continuity & Disaster Recovery (BCDR) solution purpose-built for Managed Service Providers (MSPs), officially launches today. Backed by industry veterans, Slide is transforming BCDR by addressing critical gaps left by outdated technology, inflexible pricing models, and subpar support.

    Co-founded by Austin McChord, Founder & former CEO of Datto, and Michael Fass, former General Counsel & Chief People Officer at Datto, Slide is setting a new standard in modern backup solutions for MSPs with a focus on security, product innovation, and exceptional support.

    “BCDR for MSPs has been long overdue for reinvention. At Slide, we’ve built a modern solution from scratch—free of legacy constraints—giving MSPs the security, performance, and pricing flexibility they need to grow their business into the future,” said Austin McChord, Co-Founder and Chairman of Slide.

    Slide sets a new standard in BCDR for MSPs by building on four foundational pillars to set it apart from legacy backup providers.

    A Product-First Company – Slide was designed from scratch from a clean-room code base and zero legacy technical debt. Every dollar earned is reinvested into continuous product development and improvement of Slide’s technology platform—one that MSPs can rely on for the next decade and beyond.

    Security-First Architecture – Data security isn’t an afterthought. It is built into Slide’s DNA. In an era of rising cyber threats, Slide is the only BCDR provider that offers native data encryption by default both in transit and at rest with no data storage penalty. Encryption is a critical component in protecting end customers’ data from ransomware, breaches, and insider threats.

    Unmatched Direct-to-Tech Support – Support is at the core of Slide. Direct-to-tech support ensures MSPs have immediate access to engineers via phone, chat, and email. From white-glove onboarding to concierge support, Slide has your back when it matters most.

    Channel-First Business Model – Slide is 100% channel-focused. Exclusively committed to the MSP community and ecosystem, ensuring MSP partners have a solution they can trust—without conflicts of interest. This mindset translates all the way through to a no commitment pricing model to give MSPs maximum flexibility.

    “MSPs deserve a BCDR solution that is snappy, modern, powerful and easy to use along with world class support and flexible pricing. Slide was built for MSPs, and we’re a backup company at our core. We started with the hardest problem to solve—a robust, appliance-based backup solution to back up on-prem workloads. But this is just the beginning, more products are on the way,” said Michael Fass, Co-Founder and CEO of Slide.

    “We’re thrilled to be a Slide launch partner. It has handled our toughest backup and recovery scenarios with ease. The user-friendly interface is fast and intuitive, saving our technicians valuable time. The Slide Z1 is compact yet incredibly powerful, outperforming all our existing backup devices. We’re excited to bring Slide to our customers and elevate our service offerings,” said Brendan Cosgrove, COO, TeamLogic IT.

    The Slide Z1 appliance is engineered for simplicity and reliability, offering:

    • Modern architecture – Built from scratch with a clean-room code base and no legacy technical debt.
    • Extreme performance – NVMe based appliance and cloud servers to deliver unprecedented speed and efficiency.
    • Comprehensive security – Mandatory, native encryption with no data storage penalty, ensuring data protection without sacrificing performance or space.
    • Powerful recovery options – Instant virtualization, block-level backups, file restores, and image exports.

    “Slide has already proven its value across multiple clients. With a recent client’s file server failure, their world-class support had us connected to an expert within minutes. We quickly restored operations with a local VM on the Z1, and over the next 72 hours, Slide stayed in close contact to ensure a seamless redeployment. From start to finish, they had our back—we knew we had a partner we could count on,” said Charles Love, Head of Operations, ShowTech Solutions.

    At launch, Slide delivers a robust feature set designed to maximize efficiency and security. An industry-first feature, Active Reclaim, which optimizes storage by automatically identifying and reclaiming unused space, delivers significant space savings to client backups. Additionally, Slide is committed to deep integrations with industry-leading platforms, ensuring seamless workflows for MSPs. Key partnerships include ScalePad’s Backup Radar, enabling automated backup monitoring and compliance, and Timus Networks, a next-generation Secure Access Service Edge (SASE) provider, strengthening MSPs’ cybersecurity offerings.

    “At ScalePad, we’re thrilled to partner with Slide as one of the first integrations they’ve chosen. Integrating Backup Radar with Slide presents a unique opportunity to push BCDR automation to the next level, giving MSPs the insight they need to ensure every backup is monitored, secure and recoverable when it matters most. Slide’s open API provides deep access to a wide range of functions, allowing us to create the most advanced Backup Radar integration yet. The result is a seamless, intuitive experience that MSPs can trust to reduce risk and increase efficiency – for you and your customers. We’re excited about the partnership and the opportunity it offers for MSPs,” said ScalePad CEO, Chris Day.

    “The MSP community matters so much to me, and I couldn’t be more excited to be back with a new BCDR solution that should raise the bar for everyone. With Slide, we’re delivering a fresh, modern, secure BCDR, designed for MSPs to thrive for the next decade and beyond. The most fun part is that this is just the beginning. I can’t wait to be a part of Slide’s impact of empowering MSPs to grow and succeed,” said McChord.

    The Slide Z1 appliance is available immediately in capacities ranging from 1TB to 16TB and the Slide R1 rackmount appliance configurable up to 64 TB. For more information, please visit slide.tech or contact sales@slide.tech.

    About Slide
    Slide is a modern, security-first Business Continuity & Disaster Recovery (BCDR) company built exclusively for Managed Service Providers (MSP). Founded by Austin McChord (Datto Founder & former CEO) and Michael Fass (former Datto General Counsel & Chief People Officer), Slide is led by a team of industry veterans with deep expertise in backup, disaster recovery, and cybersecurity. Built from scratch, from a clean-room code base, free from legacy technical debt, to deliver the MSP-centric backup and recovery platform of the future. By focusing on security, performance, and simplicity, Slide provides a powerful, cost-effective, and easy-to-use solution that ensures MSPs can protect their clients’ data without the constraints of outdated technology, restrictive pricing models and subpar support. Based in Norwalk, Connecticut, Slide is backed by Outsiders Fund. For more information, visit slide.tech and follow Slide on LinkedIn.

    Media Contact
    media@slide.tech

    The MIL Network

  • MIL-OSI: Overland AI Opens New Factory for Manufacturing Advanced Ground Autonomy at Scale

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, Feb. 20, 2025 (GLOBE NEWSWIRE) — Overland AI, a leader in autonomous ground systems, announced the opening of the Overland AI Factory in South Seattle. Congressman Adam Smith, representing Washington’s Ninth Congressional District, visited yesterday for a ribbon-cutting ceremony and tour of the facility, which will significantly enhance the company’s in-house manufacturing and production of autonomous ground vehicles at scale.

    Congressman Adam Smith participating in a ribbon-cutting ceremony at the Overland AI Factory (South Seattle)

    The Overland AI Factory is designed for end-to-end development and rapid production of both crewed and uncrewed ground vehicles, integrating sophisticated tooling and scalable workflows. The facility will serve as a hub for Overland AI-designed platforms and the precision upfitting of commercial off-the-shelf (COTS) vehicles, enabling mission-ready adaptability for defense and national security applications.

    “I’m honored to attend the ribbon-cutting ceremony of this new Overland AI Factory,” said Congressman Adam Smith. “By investing in local talent and resources, Overland AI is fostering innovation and creating job opportunities in the Ninth Congressional District to support our national security.”

    The Congressman touring Overland AI’s new facility with co-founders Stephanie Bonk (President) and Greg Okopal (Chief Operating Officer)

    Located in Seattle’s industrial corridor, Overland AI’s new Factory accelerates the development of ground vehicles powered by OverDrive. With differentiated capabilities like GPS-denied operation and multi-robot coordination, OverDrive-enhanced vehicles are supporting tactical operators today across the U.S. Army, Marine Corps, and Special Operations Command. The Factory’s strategic location near Joint Base Lewis-McChord, key military airports, and major seaports streamlines defense logistics and the rapid deployment of mission-ready autonomous systems for mission partners.

    “This facility marks a new chapter for Overland AI and the future of autonomous ground systems,” said Greg Okopal, co-founder and chief operating officer of Overland AI. “By bringing manufacturing in-house, we are now offering our partners an integrated solution, from remote operator to effect on the battlefield.”

    “The Overland AI Factory cements the region’s role as a hub for defense technology and manufacturing,” said Byron Boots, co-founder and chief executive officer of Overland AI. “This opening reinforces our commitment to advancing ground autonomy for national security.”

    For more information, visit https://www.overland.ai.

    About Overland AI
    Founded in 2022 and headquartered in Seattle, Washington, Overland AI is powering ground operations for modern defense. The company leverages over a decade of advanced research in robotics and machine learning, as well as a field-test forward ethos, to deliver advanced autonomy for unit commanders. Hazardous missions in austere and electronically denied environments demand that this technology is reliable and resilient. Overland AI’s autonomy kit and OverDrive stack enable ground vehicles to navigate off-road without GPS or direct operator control, while its OverWatch C2 provides commanders with precisely coordinated capabilities that are vital for complex missions to succeed. Overland AI is developing these capabilities and putting them into the hands of tactical operators today.

    Media Contact
    Kristen Hoff
    kristen@firecrackerpr.com
    Firecracker PR
    1-888-317-4687 ext. 702

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/00a4379a-11e2-4231-8453-8a80fb2055bb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/266e9ad0-4d9b-41bb-9635-03772d2718a1

    The MIL Network

  • MIL-OSI: Orocidin and Syngene Partner to Accelerate Biotech Innovation

    Source: GlobeNewswire (MIL-OSI)

    BEVERLY HILLS, California, Feb. 20, 2025 (GLOBE NEWSWIRE) — Orocidin A/S (“Orocidin”), a subsidiary of Nordicus Partners Corporation (OTCQB: NORD) (“Nordicus” or the “Company”), a financial consulting company specializing in supporting Nordic and U.S. life sciences companies in establishing themselves in the U.S. market, announces a strategic partnership with Syngene International Limited (“Syngene”),

    Syngene’s mission is to work as an extension of its client’s team. Together the teams solve the complex challenges associated with GMP peptide development programs using cutting-edge technology and scalable solutions, while maintaining the highest quality standards. Syngene’s capabilities enable efficient and scalable manufacturing with reduced lead times, ensuring the most robust and streamlined supply chain for future commercialization.

    “We are very impressed with Syngene’s professionalism, commitment to scientific excellence, and ability to deliver high-quality work on time,” said Allan Wehnert, CEO & Founder of Orocidin. “This partnership secures access to highly skilled scientists and state-of-the-art facilities ensuring the development and progress of Orocidin’s QR-01.”

    Alex Del Priore, Senior Vice President – Development & Manufacturing Services, Syngene International Ltd added: “We are delighted to partner with Orocidin in advancing their peptide programs. With a shared focus on speed, scale, and supply chain security, Syngene is well positioned to help biotech companies like Oricidin bring new drugs to market faster and more reliably.”

    For further information, contact:
    Mr. Henrik Rouf
    Chief Executive Officer
    hr@nordicuspartners.com
    Tel +1 310 666 0750

    Investor Relations
    Jonathan Paterson
    Harbor Access Investor Relations
    Jonathan.Paterson@Harbor-Access.com
    Tel +1 475 477 9401

    About Orocidin
    Orocidin’s mission is to develop the preferred treatment against aggressive periodontitis. Our innovative therapeutic agent, QR-01, distinguishes itself through its unique ability to provide treatment of both inflammation and bacterial infection.

    About Syngene
    Syngene International Ltd. is an integrated research, development, and manufacturing services company serving the global pharmaceutical, biotechnology, nutrition, animal health, consumer goods, and specialty chemical sectors. Syngene’s more than 5600 scientists offer both skills and the capacity to deliver great science, robust data security, and world class manufacturing, at speed, to improve time-to-market and lower the cost of innovation. With 2.2 Mn sq. ft of specialized discovery, development, and manufacturing facilities, Syngene works with biotech companies pursuing leading-edge science as well as multinationals, including BMS, GSK, Zoetis and Merck KGaA. For more details, visit www.syngeneintl.com For the Company’s latest Environmental, Social, and Governance (ESG) report, visit https://esgreport.syngeneintl.com.

    About Nordicus Partners Corporation
    Nordicus Partners Corporation is the only U.S. publicly traded business accelerator and holding company for Nordic life sciences companies. Leveraging decades of combined management experience in domestic and global corporate sectors, Nordicus excels in corporate finance activities including business and market development, growth strategies, talent acquisition, partnership building, capital raising, and facilitating company acquisitions and sales. In 2024, Nordicus acquired 100% of Orocidin A/S, a Danish preclinical-stage biotech company developing next-generation therapies for periodontitis and 100% of Bio-Convert ApS, a Danish preclinical-stage biotech company dedicated to revolutionizing the treatment of oral leukoplakia. For more information about Nordicus, please visit: www.nordicuspartners.com, and follow us on LinkedIn, X, Threads and BlueSky.

    Cautionary Note Regarding Forward-Looking Statements:
    This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. You should read statements that contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. We believe that it is important to communicate our future expectations to our investors. There may be events in the future, however, that we are not able to predict accurately or control. Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. 

    The MIL Network

  • MIL-OSI: TAB Bank Fuels Growth for Farmers with $5 Million Financing Deal for Finance Company Specializing in Agriculture

    Source: GlobeNewswire (MIL-OSI)

    OGDEN, Utah, Feb. 20, 2025 (GLOBE NEWSWIRE) — TAB Bank closed a $5 million Lender Finance facility with a Nevada-based company specializing in factoring financing for farmers, agricultural businesses and fresh produce exporters in Mexico. This partnership enables the agriculture finance company to expand its operations and empower small- to mid-size growers globally by supporting their funding needs.

    Built by growers for growers, the company provides a financial solution tailored to the next generation of agricultural businesses. With payment cycles spanning 30 to 90 days, growers face critical liquidity challenges. The platform bridges this gap by advancing up to 96% of a grower’s sales within 24 hours. This solution delivers fast, flexible and reliable funding that improves cash flow, reduces financial risks and saves time.

    “Small profit margins and complex international transactions create significant hurdles for growers looking to secure their receivables. Our new client and their financial solutions alleviate those pressures, allowing growers to focus on growing their businesses,” said Jerry Clinton, Managing Director of Corporate Underwriting at TAB Bank. “TAB Bank is happy to extend that same opportunity to this innovative company—providing the capital they need to scale their business and continue their mission of supporting the agricultural community worldwide.”

    TAB Bank offers tailored financial solutions to help businesses thrive in competitive markets. TAB Bank provides companies nationwide with bold financial solutions that lift and empower, from working capital facilities to term loans and equipment financing.

    About TAB Bank
    At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to making financial success accessible to everyone through our innovative banking products. Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience. 

    For more information about how we can help you achieve your financial dreams, visit www.TABBank.com.

    Contact Information:
    Trevor Morris
    Director of Marketing
    801-624-5172
    trevor.morris@tabbank.com

    The MIL Network

  • MIL-OSI: Federal Home Loan Bank of Atlanta Announces Preliminary Fourth Quarter and Annual 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Feb. 20, 2025 (GLOBE NEWSWIRE) — Federal Home Loan Bank of Atlanta (the Bank) today released preliminary unaudited financial highlights for the quarter and year ended December 31, 2024. All numbers reported below for 2024 are approximate until the Bank announces audited financial results in its Form 10-K, which is expected to be filed with the Securities and Exchange Commission (SEC) on or about March 7, 2025.

    Fourth Quarter 2024 Operating Results

    • Net interest income for the fourth quarter of 2024 was $250 million, an increase of $9 million, compared to net interest income of $241 million for the same period in 2023. The increase in net interest income was primarily related to a decrease in interest rates between the comparative quarters which impacted expense from interest-bearing liabilities more than the income from interest-earning assets, partially offset by a decrease in average advance balances.
    • The average advance balances were $96.1 billion and $111.4 billion for the fourth quarter of 2024 and 2023, respectively.
    • Net income for the fourth quarter of 2024 was $176 million, an increase of $2 million, compared to net income of $174 million for the same period in 2023. The Bank had $16 million of voluntary housing contribution expense during the fourth quarter of 2024, compared to $12 million during the same period in 2023.
    • The net yield on interest-earnings assets for the fourth quarter of 2024 was 67 basis points, an increase of nine basis points, compared to 58 basis points for the same period in 2023. Many of the Bank’s assets and liabilities are indexed to the Secured Overnight Financing Rate (SOFR). Average daily SOFR during the fourth quarter of 2024 was 4.68 percent compared to 5.32 percent for the same period in 2023.
    • The Bank’s fourth quarter of 2024 performance resulted in an annualized return on average equity (ROE) of 8.36 percent as compared to 7.83 percent for the same period in 2023. The increase in ROE was primarily due a decrease in the average total capital outstanding during the fourth quarter of 2024 compared to the same period in 2023.

    Annual 2024 Operating Results

    • Net interest income for the year ended December 31, 2024 was $966 million, an increase of $77 million, compared to net interest income of $889 million for the same period in 2023. The increase in net interest income was primarily related to an increase in interest rates during the year which impacted income from interest-earning assets more than the expense from interest-bearing liabilities, partially offset by a decrease in average advance balances.
    • The average advance balances were $98.8 billion and $125.4 billion for the year ended December 31, 2024 and 2023, respectively.
    • Net income for the year ended December 31, 2024 was $697 million, an increase of $48 million, compared to net income of $649 million for the same period in 2023. The increase in net income was primarily due to a $77 million increase in net interest income. Additionally, during 2024 the Bank had $49 million of voluntary housing contributions expense, compared to $19 million during 2023.
    • The net yield on interest-earnings assets for the year ended December 31, 2024 was 64 basis points, an increase of 14 basis points, compared to 50 basis points for the same period in 2023. The year-to-date average daily SOFR as of December 31, 2024 was 5.15 percent compared to 5.01 percent for the same period in 2023.
    • The Bank’s 2024 performance resulted in an annualized return on average equity (ROE) of 8.31 percent as compared to 7.43 percent for the same period in 2023. The increase in ROE was primarily due to the increase in net income during the year.

    Financial Condition Highlights

    • Total assets were $147.1 billion as of December 31, 2024, a decrease of $5.3 billion from December 31, 2023.
    • Advances outstanding were $85.8 billion as of December 31, 2024, a decrease of $10.8 billion from December 31, 2023.
    • Total capital was $7.9 billion as of December 31, 2024, a decrease of $183 million from December 31, 2023. Retained earnings increased to $2.8 billion as of December 31, 2024, compared to $2.5 billion as of December 31, 2023.
    • As of December 31, 2024, the Bank was in compliance with all applicable regulatory capital and liquidity requirements.

    Reliable Source of Liquidity

    • For 2024, the Bank originated a total of $311.4 billion of advances, thereby providing significant liquidity to its members to support lending and other activities in their communities. The Bank is proud to continue to execute on its mission to be a reliable source of liquidity and funding for its members, while remaining adequately capitalized.

    Commitment to Affordable Housing and Community Development

    • The Bank is required and commits 10 percent of its income before assessments to support the affordable housing and community development needs of communities served by its members as required by law, which amounted to $72 million for the 2023 statutory Affordable Housing Program (AHP) assessment available for funding in 2024. As of December 31, 2024, the Bank has accrued $77 million to its AHP pool of funds that will be available to the Bank’s members and their communities in 2025 for funding of eligible projects.
    • During the year ended December 31, 2024, the Bank made an additional $49 million of voluntary housing and community investment contributions. This consisted of $15 million of additional voluntary housing contributions to the Bank’s AHP Homeownership Set-aside Program, $8 million of additional voluntary housing contributions to the Bank’s AHP General Fund, $20 million of voluntary contributions to the Bank’s Workforce Housing Plus+ Program, and $6 million of voluntary contributions to the Bank’s Heirs’ Property Family Wealth Protection Fund.
    • In 2025, the Bank has voluntarily committed an additional five percent of its 2024 income before assessments, equal to $41 million, to further support the affordable housing and community development needs of its communities. This will result in a total commitment by the Bank to support affordable housing and community development needs of $118 million in 2025.
    • Since the inception of its AHP in 1990, the Bank has awarded more than $1.2 billion in AHP funds, assisting more than 177,000 households.
     
     
    Federal Home Loan Bank of Atlanta
    Financial Highlights
    (Preliminary and unaudited)
    (Dollars in millions)
     
        As of December 31,
    Statements of Condition  2024    2023
      Advances $         85,829       $         96,608    
      Investments           60,084                 54,207    
      Mortgage loans held for portfolio, net           89                 103    
      Total assets           147,091                 152,370    
      Total consolidated obligations, net           135,851                 141,572    
      Total capital stock           5,148                 5,597    
      Retained earnings           2,785                 2,524    
      Accumulated other comprehensive loss           —                 (5 )  
      Total capital           7,933                 8,116    
      Capital-to-assets ratio (GAAP)           5.39   %             5.33   %
      Capital-to-assets ratio (Regulatory)           5.39   %             5.33   %
        Three Months Ended December 31,   Years Ended December 31,
    Operating Results and Performance Ratios  2024    2023    2024    2023
      Net interest income $         250       $         241       $         966       $         889    
      Standby letters of credit fees           4                 4                 17                 10    
      Other income (loss)           2                 (1 )               6                 (5 )  
      Total noninterest expense (1)           61                 51                 215                 173    
      Affordable Housing Program assessment           19                 19                 77                 72    
      Net income           176                 174                 697                 649    
      Return on average assets           0.46   %             0.41   %             0.45   %             0.36   %
      Return on average equity           8.36   %             7.83   %             8.31   %             7.43   %
    __________
    (1) Total noninterest expense includes voluntary housing and community investment contributions of $16 million and $12 million for the three months ended December 31, 2024 and 2023, respectively, and $49 million and $19 million for the years ended December 31, 2024 and 2023, respectively.
       

    Additional financial information concerning the Bank’s results of operations for the most recently completed year ended December 31, 2024, will be available in the Bank’s Form 10-K that the Bank expects to file with the SEC on or about March 7, 2025 and will be available at www.fhlbatl.com and on www.sec.gov.

    About Federal Home Loan Bank of Atlanta

    FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank is a cooperative whose members are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System (FHLBank System). Since 1990, the FHLBanks have awarded approximately $9.1 billion in Affordable Housing Program funds, assisting more than 1.2 million households.

    For more information, visit our website at www.fhlbatl.com.

    To the extent that the statements made in this announcement may be deemed as “forward-looking statements”, they are made within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, which include statements with respect to the Bank’s beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties, and other factors, many of which may be beyond the Bank’s control, and which may cause the Bank’s actual results, performance, or achievements to be materially different from the future results, performance, or achievements expressed or implied by such forward-looking statements, and the reader is cautioned not to place undue reliance on them, since those may not be realized due to a variety of factors, including, without limitation: legislative, regulatory and accounting actions, changes, approvals or requirements; completion of the Bank’s financial closing procedures and final accounting adjustments for the most recently completed quarter; SOFR variations; future economic, liquidity and market conditions (including in the housing market and banking industry); changes in demand for advances, advance levels, consolidated obligations of the Bank and/or the FHLBank System and their market; changes in interest rates; changes in prepayment speeds, default rates, delinquencies, and losses on mortgage-backed securities; volatility of market prices, rates and indices that could affect the value of financial instruments; changes in credit ratings and/or the terms of derivative transactions; changes in product offerings; political, national, climate, and world events; disruptions in information systems; membership changes; mergers and acquisitions involving members; changes to the Bank’s voluntary housing program and other adverse developments or events, including extraordinary or disruptive events, affecting the market, involving other Federal Home Loan Banks, their members or the FHLBank System in general, including acts or war and terrorism. Additional factors that might cause the Bank’s results to differ from forward-looking statements are provided in detail in our filings with the Securities and Exchange Commission, which are available at www.sec.gov.

    The forward-looking statements in this release speak only as of the date that they are made, and the Bank has no obligation and does not undertake to publicly update, revise, or correct any of these statements after the date of this announcement, or after the respective dates on which such statements otherwise are made, whether as a result of new information, future events, or otherwise, except as may be required by law. New factors may emerge, and it is not possible for us to predict the nature of each new factor, or assess its potential impact, on our business and financial condition. Given these uncertainties, we caution you not to place undue reliance on forward-looking statements.

    CONTACT: Sheryl Touchton
    Federal Home Loan Bank of Atlanta
    stouchton@fhlbatl.com
    404.716.4296

    The MIL Network

  • MIL-OSI: Commercial National Financial Corporation Announces Quarterly Dividend

    Source: GlobeNewswire (MIL-OSI)

    ITHACA, Mich., Feb. 20, 2025 (GLOBE NEWSWIRE) — Commercial National Financial Corporation (Pink Sheets: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share. The dividend is payable April 1, 2025 to shareholders of record on March 14, 2025.   Based on a recent closing price of $10.95 per share, the annualized dividend yield is 5.11%.

    Contact:
    Benjamin Ogle
    CFO
    (989) 875-5562

    The MIL Network

  • MIL-OSI: Bitget’s CEO Gracy Chen Joins Consensus Hong Kong 2025

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 20, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company will be attending Consensus 2025, set to be held in Hong Kong, scheduled from February 18 to 20 at the Hong Kong Convention & Exhibition Centre. Consensus’ expansion into Hong Kong highlights Asia’s growth as a global powerhouse for Web3, with millions of crypto users, blockchain developers, and industry leaders. Serving as the most influential crypto event, Hong Kong sees itself strategically positioned as a pivotal digital assets hub, uniting East and West for pivotal conversations and plans that will define what’s next for the future of technology.

    Bitget CEO, Gracy Chen, will be a distinguished speaker at the event, sharing her insights on a panel titled ‘Beyond Trading: How Crypto is Shaping the Market‘ on the Mainstage on Wednesday, 19 February, at 2:30 PM HKT. Since assuming the role of CEO in May 2024, Gracy has been instrumental in driving Bitget’s global strategy, leading to a fourfold increase in the company’s user base and establishing strategic partnerships, including collaborations with big names like Lionel Messi and LALIGA. Her leadership has propelled Bitget into the ranks of the top global exchanges. 

    “One trend that I observed is the integration of centralized exchange and decentralized exchange. All of the strongest exchanges have put a lot of resources into building their DEX service, not just focusing on the CEX service. In 2024, we saw great growth in our DEX, Bitget Wallet, which hit 45 million users,” said Gracy Chen, CEO at Bitget. “For trash time in the market, it is the best time to be more focused on our own product and really create value for our targeted users and community. That’s probably how we survived in the last bear market.”

    On February 18th, Bitget held the BGB Builders Night, an exclusive event celebrating BGB’s all-time high. The event promises networking with fellow BGB holders, industry influencers, and project founders and was opened by Bitget CEO Gracy, who shed light on Bitget’s future developments. Attendees engaged with key members of the BGB and Bitget Wallet teams, participated in the ‘BGB Hunt’ for a chance to win $BGB, and exchanged ideas with Bitget CEO, Gracy. 

    Participation in Consensus Hong Kong 2025 shows Bitget’s dedication to creating a collaborative environment to drive innovation within the crypto community. This event will convene the industry’s brightest minds, serving as a launchpad for meaningful discussions, networking, and the forging of partnerships that will influence the trajectory of the digital asset landscape.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin priceEthereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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

    For media inquiries, users can contact: media@bitget.com

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

    Contact

    Simran Alphonso

    media@bitget.com

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/961f8995-8b0c-4f27-8793-17ca12645372

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c97f743b-d88d-41ef-b337-8668848a682b

    The MIL Network

  • MIL-OSI Video: Hard Power: Wake-up Call for Companies | World Economic Forum Annual Meeting 2025

    Source: World Economic Forum (video statements)

    Mentions of “reshoring” on corporate earnings calls at end-2023 rose by 270% year on year, signalling growing consideration in the private sector of current geopolitical fragmentation.

    With global tensions unlikely to ease in the coming years, how are companies considering their practices and what are they doing to prepare for potential challenges?

    Speakers: Abdulla Bin Touq Al Marri, Nader Mousavizadeh, Nir Bar Dea, Hadley Gamble, Yuliia Svyrydenko

    The 55th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.

    This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.

    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/
    X ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #Davos2025 #WorldEconomicForum #wef25

    https://www.youtube.com/watch?v=REDJox–QZc

    MIL OSI Video

  • MIL-OSI United Kingdom: Kindred Studios set to return to North Paddington with a permanent home at 300 Harrow Road | Westminster City Council

    Source: City of Westminster

    Kindred Studios are poised to make a return to North Paddington, having been selected to manage the new purpose-built enterprise space in the 300 Harrow Road development. Previously located at the former Westminster College in Maida Vale, they are delighted to be back in the borough, supporting the creative community.  

    The new enterprise space is part of a comprehensive regeneration project led by the council, which includes new truly affordable homes, a nursery, community space and a community café. The affordable business space is a key component of the council’s Enterprise Space programme and is designed to serve as a hub for creative incubation, education and outreach. This aligns with the council’s vision for North Paddington, centred around creating a more inclusive, connected and vibrant community.  

    North Paddington is one of several areas designated as Creative Enterprise Zone (CEZ), with the Mayor of London granting £170,000 towards fostering a vibrant creative and cultural economy in the area and opening opportunities for local people. This comes at a crucial time, as there have been significant losses of space for creatives across the capital, and in North Paddington this included Kindred Studios’ previous home, and the London Print Studio. 

    The council will now begin working with Kindred Studios who will fit out the space in the coming months, with an opening anticipated later this year. Once completed the 7,500 square foot space will be equipped with around 30 – 36 affordable studios, and co-working spaces for up to 100 local creatives and businesses. Kindred Studios will soon be inviting applications from artists to express interest in the new space. Stay informed by signing up for the Westminster Business Newsletter

     

    Cllr Geoff Barraclough, Cabinet Member for Planning and Economic Development, said:  

    “Small businesses in the creative sector need space but often can’t afford market rents in central London.  

    “That’s why we’re delighted to welcome Kindred Studios to manage our newly purpose-built low-cost workspace at 300 Harrow Road, located in our North Paddington Creative Enterprise Zone.   

    “Kindred will run a continuous programme of networking, training, and events to transform the council’s newest enterprise space into a permanent, supportive environment for creative businesses. With our help, these small businesses will soon grow into bigger ones, generating good growth and employment for local people.” 

    Angelique Schmitt, Founder and CEO, of Kindred Studios said: 

    “It’s a great pleasure for us to be back in the borough, working alongside Westminster Council to deliver a hugely exciting new facility that will benefit creatives, college students, and the wider public with a transformative arts programme designed to foster connection and engagement.” 

    MIL OSI United Kingdom

  • MIL-OSI: Highlander Silver Announces Upsize of Bought Deal Private Placement to C$28 Million

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

    TORONTO, Feb. 20, 2025 (GLOBE NEWSWIRE) — Highlander Silver Corp. (CSE: HSLV;Highlander Silver” or the “Company”) is pleased to announce that due to strong institutional investor demand, it has entered into an agreement with Ventum Financial Corp. as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the “Underwriters”), to increase the size of the previously announced bought deal private placement from $25,000,080 to $28,000,000 (the “Offering”).

    Pursuant to the amended terms, the Offering will consist of 20,000,000 common shares (the “Shares”) of the Company at a price of $1.40 per Share (the “Offering Price”) for aggregate gross proceeds of $28,000,000, excluding any additional proceeds raised from the exercise of the Underwriters’ Option (defined below).

    The Company intends to use the net proceeds from the Offering to fund the advancement of exploration activities at the Company’s San Luis gold-silver project in Peru, as well as for working capital and general corporate purposes.

    The Company has agreed to grant the Underwriters an option (the “Underwriters’ Option”) which will allow the Underwriters to purchase up to an additional 15% of the Shares, on the same terms as the Offering. The Underwriters’ Option may be exercised in whole or in part up to 48 hours prior to the closing date of the Offering (as defined below).

    The Offering is scheduled to close on March 11, 2025 (the “Closing Date”), or such other date as the Company and the Underwriters may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange.

    The Shares (including any Shares issued pursuant to the Underwriters’ Option) will be offered on a private placement basis pursuant to exemptions from prospectus requirements under applicable securities laws, in all provinces of Canada, except Québec, and will be subject to a statutory hold period of four months and one day from the Closing Date.

    This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    About Highlander Silver

    Highlander Silver is advancing a portfolio of silver exploration and development assets in the Americas, including the bonanza grade San Luis gold-silver project that is located adjacent to the Pierina mine in Central Peru. Highlander Silver is backed by the Augusta Group, which boasts an exceptional track record of value creation totaling over $4.5B in exit transactions, and supported by strategic shareholders, the Lundin Family and Eric Sprott. The Company is listed on the Canadian Securities Exchange (“CSE”) under the ticker symbol HSLV. Additional information about Highlander Silver and its mineral projects can be viewed on the Company’s SEDAR+ profile at (www.sedarplus.ca) and its website at www.highlandersilver.com.

    Neither the CSE nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this news release.

    For further information, please contact:

    Arun Lamba, Vice President Corporate Development
    Email: alamba@highlandersilver.com

    Cautionary Notes and Forward-looking Statements

    Certain information contained in this news release constitutes “forward-looking information” under Canadian securities legislation. This includes, but is not limited to, information or statements with respect to the Offering, including statements with respect to the completion of the Offering and the anticipated closing date thereof; the expected receipt of regulatory and other approvals relating to the Offering; participants in the Offering; the expected proceeds of the Offering and the anticipated use of the net proceeds therefrom; the future exploration plans of the Company, timing of future exploration, anticipated results of exploration and potential mineralization of the Company’s mineral projects. Such forward looking information or statements can be identified by the use of words such as “believes”, “plans”, “suggests”, “targets” or “prospects” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “will” be taken, occur, or be achieved. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company and/or its subsidiaries to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking information. Such factors include, among others, general business, economic, competitive, political and social uncertainties, the actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of precious and base metals, accident, labour disputes and other risks of the mining industry, and delays in obtaining governmental approvals or financing. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein are made as of the date of this news release. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws. Accordingly, the reader is cautioned not to place undue reliance on forward-looking information.

    Highlander Silver is advancing a portfolio of silver exploration and development assets in the Americas, including the bonanza grade San Luis gold-silver project that is located adjacent to the Pierina mine in Central Peru. Highlander Silver is backed by the Augusta Group, which boasts an exceptional track record of value creation totaling over $4.5B in exit transactions, and supported by strategic shareholders, the Lundin Family and Eric Sprott. The Company is listed on the Canadian Securities Exchange (“CSE”) under the ticker symbol HSLV. Additional information about Highlander Silver and its mineral projects can be viewed on the Company’s SEDAR+ profile at (www.sedarplus.ca) and its website at www.highlandersilver.com.

    The MIL Network

  • MIL-OSI: Asure Introduces Luna, the Industry’s First AI Agent for Payroll & HR

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, Feb. 20, 2025 (GLOBE NEWSWIRE) — Asure (NASDAQ: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software and services, today announced the introduction of Luna, a groundbreaking AI Agent designed to enhance payroll and HR management. Unlike traditional generative AI chatbots, Luna is an advanced AI agent that understands Asure’s suite of products, serves as an industry expert, and most importantly, can take action on behalf of both employees through self-service and business owners and administrators. Luna enhances payroll and HR tasks, making them more seamless for businesses and their employees.

    “Luna is not just an AI chatbot that provides answers—she gets things done,” said Pat Goepel, Chairman and CEO of Asure. “With Luna, employees can simply ask for help, and she will take care of the rest—whether it’s updating personal details, changing benefits elections, or helping navigate changes in tax and labor laws. Luna makes payroll and HR frictionless.”

    Luna: AI That Works for You

    Employees often struggle with knowing what HR and payroll updates are necessary when life changes occur. Luna removes that complexity by guiding employees through key decisions and making the necessary changes for them.

    For example, if an employee gets married and needs to update their last name, address, and benefits elections, they may not know every detail that requires updating. Luna assists by guiding the employee through the necessary changes and helping facilitate updates across payroll and HR systems, reducing administrative burden and improving efficiency for both employees and employers.

    A Game-Changer for Businesses

    Luna is built to help businesses stay compliant with evolving regulations while reducing administrative burden. By empowering employees to handle their HR and payroll needs through simple voice or text commands, Luna minimizes the need for HR teams to process routine requests, allowing them to focus on strategic initiatives that drive business growth.

    “With Luna, we are introducing a new way to simplify payroll and HR, and we look forward to refining and expanding her functionality throughout 2025,” said Goepel. “She enhances the employee experience while helping businesses streamline operations, reduce compliance risks, and save time. It’s a win-win.”

    About Asure

    Asure (NASDAQ: ASUR) provides cloud-based Human Capital Management (HCM) software solutions that assist organizations of all sizes in streamlining their HCM processes. Asure’s suite of HCM solutions includes HR, payroll, time and attendance, benefits administration, payroll tax management, and talent management. The company’s approach to HR compliance services incorporates AI technology to enhance scalability and efficiency while prioritizing client interactions. For more information, please visit www.asuresoftware.com

    Media Contact:
    Patrick McKillop
    Vice President, Investor Relations
    Asure
    patrick.mckillop@asuresoftware.com
    617-335-5058

    The MIL Network

  • MIL-OSI Global: Kumasi was called the garden city – but green spaces are vanishing in a clash of landuse regulations

    Source: The Conversation – Africa – By Stephen Appiah Takyi, Senior Lecturer, Department of Planning, Kwame Nkrumah University of Science and Technology (KNUST)

    Urban parks in Kumasi, the capital city of Ghana’s Ashanti region, are fast disappearing or in decline. Kumasi was designed 60 years ago as a “garden city”, with green belts, parks and urban green spaces. These have been encroached on by developments and are in a poor condition.

    Like other cities in Ghana, Kumasi has been growing. According to the latest population data from Ghana’s Statistical Service, the population of Kumasi in 1950 and 2024 was 99,479 and 3,903,480 respectively. The city’s current annual population growth rate is 3.59%.
    This growth is a challenge for city authorities.

    Adding to the challenge is the fact that in Ghana, political authorities and traditional leadership exist together. It’s the capital of the Ashanti Region and the capital of the ancient Ashanti Kingdom. Most of the land is owned by the traditional authority. This makes it difficult sometimes for city authorities to enforce planning regulations.

    We are urban planners who have conducted research on environmental planning, urban informality and inclusive city development. We studied the extent to which areas demarcated as urban parks in the Kumasi Metropolis have been rezoned, and why there’s been encroachment into urban parks.

    Our study showed that 88% of the 16 parks studied in the Kumasi Metropolis had either been rezoned or encroached upon by other land uses. This was done in an unplanned way. Zoning regulations have not been enforced and urban sprawl has not been controlled. Part of the reason is that land scarcity drives up its value and customary authorities have an incentive to allow other uses. As a result, the city has lost green spaces that are important for their environmental, traditional and recreational functions.

    Decline of urban parks in Kumasi Metropolis

    To understand why Kumasi has been losing its green spaces, our study looked at 16 parks across six communities within the Kumasi Metropolis.

    The World Health Organization recommends there should be 9m² of green space per city dweller. We calculated that Kumasi currently has only 0.17m² of green space per city dweller.

    We also noted significant changes in land zoned for parks. This was mainly due to the politics of land ownership and administration. Other social factors played a part too. The results of the research showed that out of the 16 existing parks studied, 14 (88%) had been rezoned to residential or commercial use or encroached upon by other uses.

    The rezoning of parks was gradual, unapproved by local planning authorities, and unplanned. Existing land tenure arrangements and laxity in the enforcement of laws are some of the barriers affecting park development and management in the city.

    An official of the city’s Physical Planning Department indicated that places zoned as parks were supposed to be owned, controlled, managed and protected by the state. But this was not the case, because of the complex land tenure arrangement of the city, where most land is customarily owned.

    Though Ghana’s land tenure system recognises customary ownership, the determination of land use remains the responsibility of local planning authorities. Land sold for physical developments must conform to an approved scheme prepared by the Physical Planning Department. In most cases, the parks rezoned by the customary owners were in contravention with spatial planning laws (such as the Land Use and Spatial Planning Act, 2016).

    The representative of the planning department noted that even though it prepared layouts that made provision for parks and open spaces, it was often helpless when it came to enforcement and other land use regulations. We were told that information about the land ownership and transfer process between government agencies and customary landowners was not made available to the department.

    Due to poor coordination and increased demand for land for development, about 88% of land demarcated for park development across the study communities had been leased or sold to private developers by the customary landowners.

    Our study also revealed a lack of funding for parks development and management. All the agency officials confirmed that parks were planned for but the funds to support their development and management were inadequate. They explained that property values rose as a result of urban development, leading to intense competition among various land uses. We were told that landowners were willing to sell any land available in their community at a higher value without considering its use in the community.

    Bringing back the green

    The once green city of Kumasi has lost much of its foliage. We suggest that this decline can and should be stopped.

    City authorities can incorporate cultural elements that highlight the identity of neighbourhoods to promote ownership and a sense of place in the design of parks. Local planning institutions, custodians of land and residents should collaborate so that plans meet everyone’s needs.

    Traditional authorities, together with relevant city authorities, should consciously ensure that parks are developed, protected, managed and sustained. Laws and regulations which guide park use and protection should be enforced strictly.

    Finally, parks and green spaces can only survive if there is sustainable funding. City authorities could consider green taxation and charges. For example, they can fine residents whose activities threaten the environment, and use the money to fund parks and green spaces. A percentage of property tax can be dedicated to the protection and development of green spaces in the city.

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

    ref. Kumasi was called the garden city – but green spaces are vanishing in a clash of landuse regulations – https://theconversation.com/kumasi-was-called-the-garden-city-but-green-spaces-are-vanishing-in-a-clash-of-landuse-regulations-248016

    MIL OSI – Global Reports

  • MIL-OSI Europe: Minister Burke, Minister Donohoe and Minister Chambers welcome latest figures showing further employment growth in fourth quarter of 2024

    Source: Government of Ireland – Department of Jobs Enterprise and Innovation

    The Q4 2024 Labour Force Survey and latest Monthly Unemployment Release show:

    • Employment continues to grow, with 71,400 jobs created in the year to Q4 2024
    • Total employment now stands at 2.78 million
    • Employment growth has been widespread throughout the regions – Employment outside of Dublin increased by 48,000 in the year to Q4 2024 (+2.5 percent)
    • Full time employment was up 82,900 (+3.9 percent) year on year in the fourth quarter, while part time employment was down 11,600 (-2.0 percent) year on year
    • In January 2025, the seasonally adjusted unemployment rate was 4.0 percent, down from the revised rate of 4.5 in December 2024 and from a rate of 4.5 percent in January 2024

    Labour Force Survey (LFS) results published today by the Central Statistics Office show continued growth in Ireland’s labour market, with 71,400 jobs created in the year to Q4 2024.

    Employment now stands at 2.78 million, an increase of approximately 2.6 percent over Q4 2023. 

    This is reflective of the success of the Government’s focus on driving a labour market recovery in the aftermath of the COVID-19 pandemic, as set out in the Economic Recovery Plan. This commitment to continued employment growth has been renewed in the Government’s White Paper on Enterprise, published in December 2022, which sets out the strategic direction for job creation in the years ahead. 

    Commenting on the figures, the Minister for Enterprise, Tourism and Employment, Peter Burke, said:

    “The Irish labour market has shown outstanding progress in 2024, with key indicators reflecting a robust economy and increasing opportunities for workers across multiple industries. Ireland’s workforce continues to expand, driving the nation’s economic resilience and ensuring a brighter future for job seekers across the regions. It is vital that we continue to build on these successes, ensuring that Ireland remains an attractive and inclusive place for individuals to work, live, and prosper.

    “The new Small Business Unit, to be established in the coming weeks, will be one of the tools utilised to ensure the delivery of targeted support for small businesses and employers. These small businesses continue to be the backbone of our local and national economies.”

    The Minister for Finance, Paschal Donohoe, said:

    “2024 was another strong year for the Irish labour market, with the number of people employed reaching 2.78 million in the final quarter. Despite a slight moderation in annual employment growth in the final quarter, the number of people in work increased by 70,000 last year. As a result, employment has now increased by 400,000 compared to the pre-pandemic period, a truly remarkable achievement.  Encouragingly, the unemployment rate remains low at 4.2 per cent, broadly consistent with full employment.

    “Today’s results point to some modest easing in the tight conditions that have characterised the labour market over the past year. Looking ahead, the economic outlook is increasingly uncertain reflecting the challenging international environment. My Department will publish updated macroeconomic projections as part of its usual spring forecasts that will be published in April.”

    The Minister for Public Expenditure, Jack Chambers, said:

    “Our incredibly strong levels of employment continue to be a central component of our country’s robust economic performance. Increased growth in job rates – both in our cities and in the regions – underscores the confidence employers and investors have in the Irish economy. 

    “This is a direct result of the sensible management of our public finances and the economic policies which have been pursued in recent years. The positive figures released today also speak to the level of State investment to support both our small and medium enterprise sector as well as our education system which is producing high calibre, highly skilled workers across a broad range of areas and sectors throughout our economy. 

    “As an open, trading economy we know we face risks from changes to global trade. The best way to safeguard, protect and further advance our economic success is to enhance our national competitiveness. A key aspect of this is continuing to invest in our people and workers to upskill and diversify our talent pool which will equip us to unlock future economic opportunities and to fully harness the potential of the green and digital transitions.”

    Please also find here a link to the CSO release: Labour Force Survey (LFS) – CSO – Central Statistics Office

    ENDS

    MIL OSI Europe News

  • MIL-OSI USA: Hawley Secures Pledge from Trump’s Labor Nominee to Put American Workers First, Hold Companies Accountable for Labor Abuses

    US Senate News:

    Source: United States Senator Josh Hawley (R-Mo)

    Wednesday, February 19, 2025

    Today in a Health, Education, Labor, and Pensions (HELP) Senate Committee hearing with Department of Labor nominee Lori Chavez-DeRemer, U.S. Senator Hawley (R-Mo.) secured commitments that, if confirmed, Chavez-DeRemer would implement President Trump’s pro-worker agenda to put American workers first and crack down on mega-corporations that are violating labor laws by exploiting children.

    “Let me just give you an example of bad corporate behavior, Tyson’s Food has closed down two major plants in my state, the state of Missouri, just in the last year and a half. They have cancelled contracts with farmers. They have put thousands of workers in my state out of business, and yet, we know from the investigations done by the New York Times and others, that they huge numbers of illegal child labor in their supply chains,” said Senator Hawley.

    “So, they’re firing American workers, but they are exploiting child workers. Will you go after companies like Tyson’s and anyone else who would violate our labor laws and exploit children while they are firing American workers?” he asked.

    Chavez-DeRemer pledged to “protect, and not exploit” all workers, and not tolerate child labor in the United States, citing the Department of Labor’s enforcement capabilities.

    [embedded content]

    Watch the full exchange here, or click the video above.

    Senator Hawley also highlighted an alarming trend from the Biden Administration: more job growth for foreign workers than American workers.

    “During one month alone, the Biden Administration allowed 370,000 illegal immigrants to cross the border. Many of these people got work permits. And started working, competing with American workers and legal residents. Many of them union members. And of course, illegal immigrants [are] not union members. Companies don’t pay them the same wages. They don’t offer them the same protections. Speak to the danger of out of control illegal immigration when it comes to wages and benefits for American workers,” said Senator Hawley.

    Chavez-DeRemer pledged that protecting American workers was a top priority for President Trump.  

    BACKGROUND

    Recently, Senator Hawley has begun working on his own package of pro-labor legislation to support American workers.
     
    Senator Hawley has long advocated to protect kids and hold mega-corporations accountable for child labor in their supply chains. Following a 2023 New York Times investigation, Senator Hawley questioned Robin Dunn Marcos, Director of the Office of Refugee Resettlement, about the 85,000 children the Biden Administration lost track of, leaving them vulnerable to human traffickers and dangerous child labor practices. Senator Hawley also sent a letter to FBI Director Christopher Wray demanding a full-scale effort be made to locate the nearly 85,000 missing migrant children.

    In September of 2023, Senator Hawley sent a letter to Tyson Foods CEO Donnie King, demanding answers after a disturbing report from The New York Times exposed unsafe, illegal child labor practices within the company.

    In May of 2023, Senator Hawley introduced the Corporate Responsibility for Child Labor Elimination Act, legislation compelling large corporations to eradicate unlawful child labor from their operations in the United States.

    Senator Hawley previously introduced bipartisan legislation with Senator Cory Booker (D-N.J.) to crack down on child labor in the United States. Last congress, the bill passed out of committee.

    MIL OSI USA News

  • MIL-OSI Europe: AFRICA/DR CONGO – Chaplain and nuns prevent Bukavu prison from burning down completely

    Source: Agenzia Fides – MIL OSI

    Kinshasa (Agenzia Fides) – “It is thanks to the chaplain and some nuns that the prison was not completely burned down,” reports a source from the local Church in Bukavu, the capital of the Congolese province of South Kivu, which fell into the hands of the M23 militias on February 16 (see Fides, 17/2/2025).”On Saturday, February 15, as the M23 approached, the city was looted by fleeing FARDC (Armed Forces of the Democratic Republic of Congo) soldiers, pro-government Wazalendo militiamen and local youth,” reports the source, who asked not to be identified. “The prison was also the target of looting, although it is unclear whether it was by outsiders and/or by the inmates themselves, who set fire to the prison before escaping. Only the intervention of the chaplain, assisted by some nuns, prevented the flames from completely destroying the prison. The prison chapel was also looted, but the priest managed to prevent its complete destruction.”Our source reports that “Bukavu is coming back to life. People have taken to the streets to clear away the garbage left by the looting of the past few days. Business has resumed and schools are expected to reopen next Monday. It is not known when or if the banks will reopen, we are awaiting instructions from Kinshasa. It is hoped that they will be able to reopen soon, as they are essential for trade.””We are also awaiting the instructions that the ‘new authorities’ intend to give the population in the next few days,” the source continued.”The city now seems safe. The clashes and looting have stopped.”The M23 militiamen have little presence in Bukavu; most of their troops are on their way to Uvira, which will probably fall today. The regular FARDC soldiers left the city yesterday. Only the “Wazalendo fighters, who in recent days clashed with the FARDC soldiers who asked them to hand over their weapons, remain in Uvira (see Fides, 19/2/2025).””Another direction of march for the M23 is west, towards Urega, where gold has been mined since colonial times. They are still about 80 kilometers from the gold mines, but it is only a matter of time before this area also falls into their hands,” concludes the Fides source.Meanwhile, in North Kivu, the M23 is advancing towards Butembo, another important center of the province after Goma, the capital captured at the end of January. (L.M.) (Agenzia Fides, 20/2/2025)
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    MIL OSI Europe News

  • MIL-OSI USA: Governor Stein Announces 151 Jobs as Fence Company Selects Columbus County for New HQ and Manufacturing Center

    Source: US State of North Carolina

    Headline: Governor Stein Announces 151 Jobs as Fence Company Selects Columbus County for New HQ and Manufacturing Center

    Governor Stein Announces 151 Jobs as Fence Company Selects Columbus County for New HQ and Manufacturing Center
    lsaito

    Raleigh, NC

    Today, Governor Josh Stein announced that Barrier Fencing Supply Company, a business offering a broad selection of aluminum and vinyl fences to residential and commercial markets, will create 151 jobs in North Carolina.  The company reports it will invest $15 million to establish a headquarters and manufacturing center in Columbus County.

    “North Carolina’s southeast region and Columbus County are a terrific place to do business,” said Governor Josh Stein. “Barrier Fencing’s project brings good jobs and welcome investment there and the company’s decision shows once again that CEOs recognize North Carolina’s advantages as a business location.”

    Barrier Fencing Supply Company is a fencing wholesaler and distributor serving clients across the United States. The business began as a fencing installation company, but quickly moved into supplying its own products to customers. The company’s project in Columbus County will establish a headquarters operation as well as a manufacturing plant for its fencing product lines, enabling the company to bring a large portion of its manufacturing activity back to the United States.

    “Our aim is to generate employment, assist those in need, and to make a meaningful difference in the community,” said Tony Bowling, CEO for Barrier Fencing Supply Company. “Our goals and progress will be achieved thanks to the State of North Carolina and Columbus County. We are thankful and look forward to this partnership.”

    “North Carolina is the number one state for manufacturing in the Southeast, so it’s only natural that Barrier Fencing would choose to expand here,” said Commerce Secretary Lee Lilley. “From our outstanding transportation networks and quality infrastructure to our skilled and available workforce, North Carolina offers everything a manufacturer needs to succeed.”  

    Although wages will vary depending on the position, the average salary for the new jobs will be $44,114.  The current average wage in Columbus County is $44,081.

    A performance-based grant of $275,000 from the One North Carolina Fund will help facilitate Barrier Fencing’s project into Columbus County. The OneNC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment.  All OneNC grants require a matching grant from local governments and any award is contingent upon that condition being met.

    “Making products in the United States strengthens our economy, so it’s great to see Barrier Fencing choose Columbus County for their new manufacturing plant,” said N.C. House Majority Leader Brenden Jones. “We welcome these new jobs and further private-sector investment to our region.”  

    “Many state, regional, and local partners worked hard behind the scenes to support the Barrier Fencing team during its site selection process,” said N.C. Senator Bill Rabon. “I appreciate this collaborative teamwork very much, and our community looks forward to supporting the company as they establish operations in Columbus County.”  

    Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina General Assembly, the North Carolina Community College System, the Commerce Department’s Division of Workforce Solutions, North Carolina’s Southeast, Columbus County, and the Columbus County Economic Development Commission. 

    Feb 20, 2025

    MIL OSI USA News

  • MIL-OSI Security: U.S. Attorney Rachelle Aud Crowe for the Southern District of Illinois departs from post

    Source: Office of United States Attorneys

    FAIRVIEW HEIGHTS, Ill. – Rachelle Aud Crowe, the United States Attorney for the Southern District of Illinois, who has served as the chief federal law enforcement officer in the district, has departed from the position, effective Feb. 18. She releases the following statement:

    “It has been my honor to serve the Southern District of Illinois as the United States Attorney. Announcing my departure accompanies many emotions, but my heart is full of gratitude.

    Working for the Department of Justice and leading an office of talented attorneys, dedicated legal staff and supportive administrative employees has been a lifelong dream. It was my privilege to guide the Department on matters of policy, procedure and management as a member of the Attorney General’s Advisory Committee and the Domestic Terrorism Executive Committee.

    I have been fortunate to partner with the local, state and federal law enforcement officers to seek justice for victims and improve public safety. In addition to prosecuting hundreds of criminal cases, the office represented the government effectively in civil lawsuits and recovered millions of taxpayer dollars.

    I will cherish the time I spent at the federal courthouses. I’m thankful to the district judges for their judicial oversight, it’s been my honor to work with and learn from them. The future for the office is bright, and I’m confident the employees will continue to exceed their high standard of excellence, integrity and functionality.

    Thank you for the encouragement during my service.”

    “From the beginning, USA Crowe has been a champion of the FBI mission,” said FBI Springfield Special Agent in Charge Christopher Johnson. “The combination of the FBI’s investigative efforts and the Southern District of Illinois’ commitment to uphold the law has brought justice for victims and made our communities a safer place to live.”

    “It’s been a pleasure working alongside U.S. Attorney Crowe,” Drug Enforcement Administration St. Louis Division Special Agent in Charge Michael Davis said. “She’s been a tremendous partner and we’re grateful for her service. Her commitment to helping remove the threat of drugs and those who distribute them across Southern Illinois has been invaluable.”

    “U.S. Attorney Crowe has been a tremendous partner for the Illinois State Police,” said ISP Director Brendan F. Kelly. “U.S. Attorney Crowe supported our Public Safety Enforcement Group and its work, bringing charges and winning convictions in numerous criminal cases, and was instrumental in holding people accountable and bringing them to justice.”

    “United States Attorney Rachelle Crowe has been an engaged and dedicated law enforcement partner, and we thank her for her dedication in the support of ATF’s mission in Southern Illinois,” said ATF Assistant Special Agent in Charge Shannon Hamm. “ On behalf of the men and women of ATF, we wish nothing but the best for United States Attorney Crow now and into the future.”

    Ali M. Summers is the Acting U.S. Attorney for the Southern District of Illinois. She joined the office as an Assistant U.S. Attorney in 2012.

    MIL Security OSI