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Category: Business

  • MIL-OSI Russia: Financial news: Delimobil IPO on Moscow Exchange turns one year old

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    February 7, 2025 marks one year since the IPO of PJSC Carsharing Russia (DELHI) on the Moscow Exchange, the first IPO of 2024. The company operates in the carsharing market under the Delimobil brand.

    The issuer used the funds raised for business development and general corporate purposes.

    Delimobil’s market capitalization currently exceeds 35 billion rubles, with a free float of 9%. The shareholder base has doubled since the start of exchange trading and currently numbers about 95,000 private and institutional investors. Delimobil shares are included in the second-level quotation list of the Moscow Exchange and are included in the settlement bases Moscow Exchange Broad Market Index, Moscow Exchange IPO Index, Moscow Exchange Consumer Sector Index and others.

    Delimobil is the largest car sharing service in Russia by fleet size and number of trips. The company started operating in 2015. By the end of 2024, the demand for the service had increased by 20%, the number of cities of presence had grown to 13, the company’s fleet had reached 31.7 thousand cars, the number of registered users in the service had exceeded 11 million, and the company had also scaled its network of its own service stations to 15 facilities.

    Moscow Exchange is the largest Russian exchange, the only multifunctional platform in Russia for trading shares, bonds, derivatives, currencies, money market instruments and commodities. The Moscow Exchange Group includes a central depository, as well as a clearing center that performs the functions of a central counterparty in the markets, which allows Moscow Exchange to provide clients with a full cycle of trading and post-trading services.

    Contact information for media 7 (495) 363-3232Pr@moex.kom

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV. MOEX.K.M.M.

    MIL OSI Russia News –

  • MIL-OSI: SPS Commerce Completes Acquisition of Carbon6 Technologies

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, Feb. 07, 2025 (GLOBE NEWSWIRE) — SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail cloud services, today announced it has completed the acquisition of Carbon6 Technologies, Inc. (Carbon6), a provider of software tools to Amazon sellers, including specialized offerings for revenue recovery for both first-party (1P) and third-party (3P) suppliers.

    “We are very excited to welcome Carbon6 employees and customers to SPS Commerce,” said Chad Collins, CEO of SPS Commerce. “Together, we believe we will deliver unmatched solutions for first-party and third-party sellers and establish SPS as a leading provider in the emerging category of revenue recovery.”

    About SPS Commerce

    SPS Commerce is the world’s leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service, and accessible experts so our customers can focus on what they do best. Over 45,000 recurring revenue customers in retail, grocery, distribution, supply, manufacturing, and logistics are using SPS as their retail network. SPS has achieved 95 consecutive quarters of revenue growth and is headquartered in Minneapolis. For additional information, contact SPS at 866-245-8100 or visit www.spscommerce.com.

    SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other countries.

    Forward-Looking Statements

    This press release contains forward-looking statements, including information about management’s view of SPS Commerce’s future expectations, plans and prospects, including our views regarding financial performance expectations, future execution within our business, and the opportunity we see in the retail supply chain world within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of SPS Commerce to be materially different than those expressed or implied in such statements. Certain of these risk factors and others are included in documents SPS Commerce files with the Securities and Exchange Commission, including but not limited to, SPS Commerce’s Annual Report on Form 10-K for the year ended December 31, 2023, as well as subsequent reports filed with the Securities and Exchange Commission. Other unknown or unpredictable factors also could have material adverse effects on SPS Commerce’s future results. The forward-looking statements included in this press release are made only as of the date hereof. SPS Commerce cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SPS Commerce expressly disclaims any intent or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

    Contact:
    Investor Relations
    The Blueshirt Group
    Irmina Blaszczyk
    Lisa Laukkanen
    SPSC@blueshirtgroup.com
    415-217-4962

    SPS-F

    The MIL Network –

  • MIL-OSI Asia-Pac: AI-enabled National Consumer Helpline system set up; gives sector-wise analysis of grievances

    Source: Government of India

    AI-enabled National Consumer Helpline system set up; gives sector-wise analysis of grievances

    National Consumer Helpline available as toll-free number “1915” or through web portal

    Posted On: 07 FEB 2025 11:36AM by PIB Delhi

    In a significant move towards enhancing consumer grievance redressal mechanisms, the Department of Consumer Affairs, under Ministry of Consumer Affairs, Food and Public Distribution, Government of India, has adopted an AI-enabled National Consumer Helpline (NCH) system that offers sector-wise analysis of grievances.

    This new technology-driven approach is aimed at improving the speed and efficiency of resolving consumer issues, particularly in the education sector.

    As a result of these technological advancements, the number of calls received by NCH has grown more than tenfold, from 12,553 in December 2015 to 1,55,138 in December 2024. This exponential growth reflects the rising confidence of consumers in the helpline. Similarly, the average number of complaints registered per month has surged from 37,062 in 2017 to 1,12,468 in 2024. The monthly average number of grievances registered digitally has increased from 54,893 in the FY 2023-24 to 68,831 in FY 2024-25 (as of December 2024).

    The Department therefore, urges all consumers to utilize the National Consumer Helpline accessible via a toll-free number 1915 or web portal https://consumerhelpline.gov.in/user/signup.php for any grievances related to products or services, ensuring that their voices are heard and that their issues are resolved promptly and effectively.

    The NCH has seen a remarkable reduction in the grievance disposal time. In 2024, the disposal rate of consumer grievances decreased to 48 days, down from 66.26 days in 2023. This reflects a substantial improvement in the resolution time; ensuring consumer’s concerns are addressed promptly.

    A key component of this strategy involves proactively identifying and transitioning companies with the highest number of grievances to ‘convergence partners.’ Once onboarding as a ‘convergence partner’ with NCH, these companies, which have the highest number of unresolved consumer complaints, are required to prioritize swift and effective grievance redressal in collaboration with the NCH. Under its initiative aimed at enhancing consumer welfare and promoting fair trade practices, NCH has successfully surpassed the significant milestone of 1,038 convergence companies to date, up from 263 in 2017.

    This initiative has already yielded promising results, especially in sectors such as education, where faster resolution of consumer complaints has become a priority. With NCH’s AI-driven, sector-specific analysis, these convergence partners can now act more effectively and efficiently in resolving consumer issues, thereby enhancing consumer trust and satisfaction. It is a Win-Win situation for both consumers & companies.

    As a result of this ongoing initiative, many large companies identified with the highest number of consumer grievances have now become official convergence partners of the National Consumer Helpline. Their inclusion is expected to lead to quicker resolutions and a higher disposal rate of consumer grievances, ultimately benefiting millions of consumers across the country.

    The NCH, a vital initiative of Department of Consumer Affairs, Government of India, has proven to be a cornerstone in the effective and timely redressal of consumer grievances. Operating at the pre-litigation stage, the helpline has made significant strides in resolving consumer complaints across a wide range of sectors, including Broadband & Internet, E-commerce, Consumer Durables, Digital Payment Modes, Petroleum, Banking, healthcare, consumer durables, real estate, and automobiles, etc. without requiring consumers to resort to formal legal proceedings.

    Below are key highlights that demonstrate the significant impact of the NCH in promoting consumer rights and enhancing the grievance redressal mechanism:

    Some of the key success stories includes:

    Broadband & Internet: A consumer from West Bengal encountered difficulties in obtaining a refund from an Internet service provider for services that were not availed. After reaching out to the National Consumer Helpline, the issue was resolved promptly. The provider issued a full refund and rectified the consumer’s account. Additionally, other satisfied consumers shared their positive feedback with the department, commending the efficient and effective resolution of their issues.

    E-Commerce Sector: A consumer from Karnataka raised an issue regarding the refund and return of a defective product received from an online retailer. Following the intervention of the National Consumer Helpline (NCH), the product was replaced, and a refund was promptly facilitated, enhancing the consumer’s trust in e-commerce platforms. Furthermore, the consumer shared their positive feedback, reflecting their increased trust in NCH 2.0. The review emphasized the effectiveness and reliability of the helpline in resolving issues swiftly and efficiently, further bolstering consumer confidence in the platform’s services.

    Consumer Durables: A citizen from Rajasthan reported a major malfunction in a product he had purchased. Despite his continuous requests, the company had failed to address the issue. With the assistance of the National Consumer Helpline (NCH), the product was promptly replaced, and the company issued a formal apology. Furthermore, consumers from different states shared their valuable feedback about the NCH team, praising their professionalism and efficiency in resolving grievances.

    Digital Payment Mode: A complaint was raised by a consumer from Delhi who was unable to use his online transaction service, and an amount of Rs. 45,000/- was frozen in his account. After engaging the National Consumer Helpline (NCH), the issue was resolved swiftly, with the bank unfreezing the amount and restoring the consumer’s access to their account. Furthermore, other satisfied consumers shared their positive reviews with the department, praising the efficient and timely intervention by NCH in resolving their grievances.

     

    Petroleum: A buyer in Telangana encountered extra charges that exceeded the MRP when receiving a cylinder he had booked. With the intervention of the National Consumer Helpline (NCH), the issue was swiftly resolved, and the consumer was compensated, safeguarding his rights.  Additionally, consumers from various corners of the nation shared their views regarding the operation of NCH 2.0.

    ****

    Abhishek Dayal/Nihi Sharma

    (Release ID: 2100545) Visitor Counter : 15

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Food 4 Less/Foods Co. and Ralphs Team Up with County of Los Angeles, Federal Emergency Management Agency and Small Business Administration to Support Communities & Businesses Impacted by Wildfires

    Source: US Federal Emergency Management Agency

    Headline: Food 4 Less/Foods Co. and Ralphs Team Up with County of Los Angeles, Federal Emergency Management Agency and Small Business Administration to Support Communities & Businesses Impacted by Wildfires

    Food 4 Less/Foods Co. and Ralphs Team Up with County of Los Angeles, Federal Emergency Management Agency and Small Business Administration to Support Communities & Businesses Impacted by Wildfires

    Los Angeles, CA – Food 4 Less/Foods Co. and Ralphs Grocery Company are continuing their support for local communities impacted by wildfires through a new partnership with the Federal Emergency Management Agency (FEMA), the Small Business Administration (SBA), and County of Los Angeles. The partnership was developed to provide critical recovery resources for businesses, employees, and residents impacted by the recent wildfires. Resource stations will be set up at Ralphs and Food 4 Less stores in Malibu, Venice, and Pasadena—including the Food 4 Less location closest to the heavily impacted Altadena area, where an estimated 9,400 residential and business structures have been affected.As part of this effort, FEMA and SBA representatives will be stationed at the following store locations to offer direct support between 9AM to 5PM PST until Saturday, February 8, 2025:Food 4 Less: 1329 N Lake Ave, Pasadena, CA 91104Ralphs: 910 Lincoln Blvd, Venice, CA 90291Ralphs: 23841 Malibu Rd, Malibu, CA 90265At these locations, FEMA will provide essential information and resources for individuals and families impacted by the fires, while the SBA will assist affected businesses, homeowners and renters with financial guidance and recovery support.​​“We know how overwhelming recovery can be after a disaster, and we want people to know they’re not alone,” said Curtis Brown, Federal Coordinating Officer. “By working with Ralphs and Food 4 Less, we’re bringing support directly to the communities that need it most—making it easier for families and businesses to get the help they need to rebuild and move forward.”This initiative is part of Ralphs and Food 4 Less/Foods Co.’s’ broader commitment to disaster recovery efforts, offering impacted associates and community members a direct link to federal assistance. Our primary role is to serve as a key access point for those seeking support.In addition, Bracken’s Kitchen will be on-site at the Pasadena Food 4 Less throughout the week, continuing their mission to provide free, hot meals to those affected by the fires, offering much-needed nourishment and support to the community*.“As a community-driven organization, we are dedicated to helping our associates, customers, and local businesses recover in the wake of these devastating wildfires,” said Salvador Ramirez, corporate affairs manager at Food 4 Less/ Foods Co. and Ralphs Grocery Company. “By teaming up with FEMA and the SBA, we’re ensuring our stores serve as accessible resource hubs for those in need during this challenging time.”In response to the fires, Food 4 Less/Foods Co., Ralphs Grocery Company, and The Kroger Family of Companies (NYSE:KR) have been working to provide essential support, delivering food, water, and supplies to evacuees, firefighters, and first responders. The Kroger Family of Companies is also raising $1 million for disaster relief and recovery, including $500,000 in company matching funds for customer donations to the American Red Cross and Feeding America’s local food banks.*While supplies last.# # #About Food 4 Less/Foods Co.:We are dedicated to our purpose: to Feed the Human Spirit™. Food 4 Less/Foods Co is more than 9,000 associates serving customers in 121 price-impact, warehouse-format supermarkets under the banners Food 4 Less in Southern California, Illinois and Indiana, and Foods Co in Central and Northern California. From the company’s headquarters in Los Angeles County, Food 4 Less is a recognized leader in community service and giving. The company supports Kroger’s Zero Hunger | Zero Waste initiative aimed at ending hunger in our communities and eliminating waste within our company by the year 2025. Food 4 Less is a subsidiary of The Kroger Co., (NYSE:KR), one of the world’s largest retailers, based in Cincinnati, Ohio. For more information about Food 4 Less/Foods Co, please visit our websites at www.food4less.com and www.foodsco.com.About Ralphs Grocery Company:Ralphs Grocery Company is dedicated to our purpose: to Feed the Human Spirit™. We are more than 18,000 associates serving customers in 184 supermarkets across Southern California. From the company’s headquarters in Los Angeles County, Ralphs is a recognized leader in community service and giving. The company supports Kroger’s Zero Hunger | Zero Waste initiative aimed at ending hunger in our communities and eliminating waste within our company by the year 2025. Ralphs is a subsidiary of The Kroger Co., (NYSE:KR), one of the world’s largest retailers, based in Cincinnati, Ohio. For more about Ralphs, please visit our website at www.ralphs.com.
    brandi.richard…
    Fri, 02/07/2025 – 00:00

    MIL OSI USA News –

  • MIL-OSI: Hyperscale Data Announces 19.2 Bitcoin Mined in January 2025

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Feb. 07, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its wholly owned subsidiary Sentinum, Inc. (“Sentinum”) mined approximately 19.2 Bitcoin in the month of January 2025, which were mined at the Company’s data center in Michigan (the “Data Center”). The January monthly mining run rate of approximately $1.9 million in Bitcoin mining revenue is based upon a current Bitcoin price of approximately $97,000.

    Milton “Todd” Ault III, Executive Chairman of Hyperscale Data, stated, “We are transitioning to becoming a provider of high-performance computing (“HPC”) services powering AI solutions, which we believe holds greater promise in the foreseeable future, and we expect the transition will be completed at the end of September 2025. In the meantime, we remain confident in our mining operations and maintain our medium-term view on Bitcoin as an appreciating asset that supports the Company’s overall capital allocation strategy. We also expect to bring Bitcoin mining machines back online at our Montana location by the end of March, which will bolster our mining activities. Assuming Bitcoin maintains its current price of approximately $97,000, and that the Company has fully transitioned the Data Center’s existing power capacity of 30MW from self-mining of Bitcoin to HPC services in September of this year, we anticipate generating approximately $20 million in Bitcoin mining revenue in 2025. If our transition to HPC services is delayed, then we would realize additional revenue from our Bitcoin operations.”

    Hyperscale Data notes that all estimates and other projections are subject to the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, the ability to build out and provide the necessary power for miners, and other factors that may impact the results of Bitcoin mining production or operations.

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Hyperscale Data is transitioning from a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact to becoming solely an owner and operator of data centers to support high performance computing services. Through its wholly and majority-owned subsidiaries and strategic investments, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. It also provides, through its wholly owned subsidiary, Ault Capital Group, Inc., mission-critical products that support a diverse range of industries, including an artificial intelligence software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, Hyperscale Data is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI: Prairie Operating Co. Announces Public Offering of Common Stock

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Texas, Feb. 07, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. (“Prairie” or the “Company”) (Nasdaq: PROP), an independent oil and gas company focused on the acquisition and development of crude oil, natural gas and natural gas liquids, announced today that it has commenced an underwritten public offering of $200 million of shares of its common stock, par value $0.01 (“common stock”). The Company expects to grant the underwriters a 30-day option to purchase up to an aggregate value of $30 million of additional shares of the Company’s common stock.

    The Company intends to use the net proceeds from the offering to fund a portion of the purchase price for the Company’s proposed acquisition of certain oil and gas assets from Bayswater Exploration and Production and certain of its affiliates (the “Bayswater Acquisition”). The Company intends to use the remaining net proceeds from the offering, including any net proceeds from the underwriters’ exercise of their option to purchase additional shares, for other general corporate purposes, which may include advancing the Company’s development and drilling program, repayment of existing indebtedness or financing other potential acquisition opportunities.

    Citigroup is acting as lead book-running manager for the offering. KeyBanc Capital Markets Inc., MUFG Securities Americas Inc., Piper Sandler & Co., and Truist Securities, Inc. are also acting as joint book-running managers. Fifth Third Securities, Inc., Clear Street LLC, First Citizens Capital Securities, LLC, Johnson Rice & Company L.L.C., and Pickering Energy Partners are acting as co-managers.

    The offering is being made pursuant to a shelf registration statement on Form S-3, including a base prospectus, which was filed with the U.S. Securities and Exchange Commission (the “SEC”) and became effective on December 20, 2024. The preliminary prospectus supplement, and accompanying base prospectus, relating to the offering, and a final prospectus supplement, when available, will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement, and accompanying base prospectus, relating to the offering, and the final prospectus supplement, when available, may be obtained by sending a request to: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-800-831-9146; KeyBanc Capital Markets Inc., Attn: Equity Syndicate, 127 Public Square, 7th Floor, Cleveland, OH 44114, telephone: 1-800-859-1783; MUFG Securities Americas Inc., Attention: Equity Capital Markets, 1221 Avenue of the Americas, 6th Floor, New York, New York 10020, telephone: 212-405-7440, email: ECM@us.sc.mufg.jp; Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, Minnesota 55402, by telephone at (800) 747-3924, or by email at prospectus@psc.com; Truist Securities, Inc., Attention: Prospectus Department, 3333 Peachtree Road NE, 9th floor, Atlanta, Georgia 30326, by telephone at (800) 685-4786, or by email at TruistSecurities.prospectus@Truist.com; or by accessing the SEC’s website at www.sec.gov.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy the shares of common stock or any other securities, nor shall there be any sale of such shares of common stock or any other securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

    About Prairie

    Houston-based Prairie Operating Co. is an independent oil and gas company focused on the acquisition and development of crude oil, natural gas and natural gas liquids. The Company’s assets and operations are concentrated in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with a primary focus on the Niobrara and Codell formations. The Company is committed to the responsible development of its oil and natural gas resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation.

    For more information, visit www.prairieopco.com.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of historical fact, included in this press release, regarding our strategy, future operations, financial position, estimated reserves, revenues and income or losses, projected costs and capital expenditures, prospects, acquisition opportunities, plans and objectives of management are forward-looking statements. When used in this press release and the documents incorporated by reference herein, the words “plan,” “may,” “endeavor,” “will,” “would,” “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “forecast” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are (or were when made) based on current expectations and assumptions about future events and are (or were when made) based on currently available information as to the outcome and timing of future events. Forward-looking statements in this press release may include, for example, statements about: the Company’s ability to successfully finance and consummate the Bayswater Acquisition, including the risk that the Company may fail to complete the Bayswater Acquisition on the terms and timing currently contemplated or at all, fail to enter into the New Credit Agreement on expected terms and/or fail to realize the expected benefits of the Bayswater Acquisition; the Company’s financial performance following the Bayswater Acquisition; this public offering, the timing thereof and the use of proceeds therefrom; estimates of the Company’s oil, natural gas and NGLs reserves; drilling prospects, inventories, projects and programs; estimates of future oil and natural gas production from our oil and gas assets, including estimates of any increases or decreases in production; the availability and adequacy of cash flow to meet the Company’s requirements; financial strategy, liquidity and capital required for the Company’s development program and other capital expenditures; the availability of additional capital for the Company’s operations; changes in the Company’s business and growth strategy, including the Company’s ability to successfully operate and expand its business; the Company’s integration of acquisitions, including the Bayswater Acquisition; changes or developments in applicable laws or regulations, including with respect to taxes; and actions taken or not taken by third-parties, including the Company’s contractors and competitors. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements described under the heading “Risk Factors” in the prospectus supplement, the accompanying base prospectus, the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, as amended, our Quarterly Reports on Forms 10-Q filed with the Securities and Exchange Commission and our other filings with the SEC, all of which can be accessed on the SEC’s website at www.sec.gov. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. These risks include, but are not limited to: the Company’s and Bayswater’s ability to satisfy the conditions of the Bayswater Acquisition in a timely manner or at all, including the Company’s ability to successfully finance the Bayswater Acquisition; the Company’s ability to recognize the anticipated benefits of the Bayswater Acquisition, which may be affected by, among other things, competition and the Company’s ability to grow and manage growth profitably following the Bayswater Acquisition; the Company’s ability to fund its development and drilling plan; the possibility that the Company may be unable to achieve expected cash flow, production levels, drilling, operational efficiencies and other anticipated benefits within the expected time-frames, or at all, and to successfully integrate the Bayswater Assets, and/or any other assets or operations the Company has acquired or may acquire in the future with those of the Company; the Company’s integration of the Bayswater Assets with those of the Company may be more difficult, time-consuming or costly than expected; the Company’s operating costs, customer loss and business disruption may be greater than expected following the Bayswater Acquisition or the public announcements of the Bayswater Acquisition; the Company’s ability to grow its operations, and to fund such operations, on the anticipated timeline or at all; uncertainties inherent in estimating quantities of oil, natural gas and NGL reserves and projecting future rates of production and the amount and timing of development expenditures; commodity price and cost volatility and inflation; the ability to maintain necessary permits and approvals to develop our assets; safety and environmental requirements that may subject the Company to unanticipated liabilities; changes in the regulations governing our business and operations, including the businesses and operations we have acquired or may acquire in the future, such as, but not limited to, those pertaining to the environment, our drilling program and the pricing of our future production; the Company’s success in retaining or recruiting, or changes required in, the Company’s officers, key employees or directors; general economic, financial, legal, political, and business conditions and changes in domestic and foreign markets; the risks related to the growth of the Company’s business; the effects of competition on the Company’s future business; and other factors detailed under the section entitled “Risk Factors” in the Prospectus Supplement and, accompanying base prospectus related to the offering and the periodic filings with the Securities and Exchange Commission. Reserve engineering is a process of estimating underground accumulations of oil, natural gas and NGLs that cannot be measured in an exact way. The accuracy of any reserve estimate depends on the quality of available data, the interpretation of such data and price and cost assumptions made by reserve engineers. In addition, the results of drilling, testing and production activities may justify upward or downward revisions of estimates that were made previously. If significant, such revisions would change the schedule of any further production and development drilling. Accordingly, reserve estimates may differ significantly from the quantities of oil, natural gas and NGLs that are ultimately recovered. Should one or more of the risks or uncertainties described herein or should underlying assumptions prove incorrect, the Company’s actual results and plans could differ materially from those express in any forward-looking statements. All forward-looking statements, expressed or implied, in this press release, are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that the Company or persons acting on the Company’s behalf may issue.

    Investor Relations Contact:
    Wobbe Ploegsma
    info@prairieopco.com
    832.274.3449

    The MIL Network –

  • MIL-OSI Global: We Do Not Part by Han Kang: a haunting story which forces the reader to remember a horrific incident in Korea’s past that it tried to erase

    Source: The Conversation – UK – By Hyunseon Lee, Professorial Research Associate at Department of East Asian Languages and Cultures, and Centre for Creative Industries, Media and Screen Studies, SOAS, University of London

    Jeju inhabitants awaiting execution in late 1948 wikimedia, CC BY

    We Do Not Part is the latest book by Korean writer Han Kang, who won the Nobel prize in literature in 2024. The book begins in fragments that ebb between dark dream, waking nightmare and memories of how the book’s protagonist Kyungha got to this terrible way of living.

    Even for those who do not know much about Korean history, it is fairly clear that something awful has changed Kyungha. When she closes her eyes images of women clutching children, black tree trunks jutting like limbs from the earth and so much snow flood into her mind.

    This experience has sapped all life from Kyungha and she is, when we meet her, simply waiting for death. That is, until her friend Inseon injures herself and asks Kyungha to travel to her home on the island of Jeju, south of mainland Korea, to look after her beloved pet bird, Ama.

    When she gets there, a violent snowstorm leaves her trapped in Inseon’s compound. Here, she stumbles upon the investigation into her friend’s family and its connection to the Jeju 4.3 massacre in the 1940s.

    In the early morning of April 3 1948, 359 members of the South Korean Workers’ Party and partisans carried out attacks on 12 police facilities and the homes of conservative leaders. They killed 12 people, including family members, before fleeing to the Halla Mountains. The term “Jeju 4.3” came from the date the incident is considered by many to have begun, even though it officially lasted from March 1 1947 to September 21 1954.

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    What followed was a massive counterinsurgency operation by the South Korean government (with US backing) to exterminate communists and their sympathisers on the island. While officially numbers are still not known, it is believed that more than 30,000 Jeju people (10% of Jeju’s population at the time), including women and children, were killed.

    In We Do Not Part, we find out that Inseon’s mother, who died several years earlier, was a survivor of Jeju 4.3. Han Kang’s impressive approach to presenting the memories of Jeju 4.3 is multi-layered, subtle, fragmentary and contains a high degree of sensitivity as she recounts the massacre from the perspective of Inseon and her mother.

    Inseon is part of a what the Holocaust and cultural memory scholar Marianne Hirsch termed the “postmemory generation”. She is the child of a survivor who has inherited a “catastrophic [history] not through direct recollection but through haunting postmemories”.

    Inseon has absorbed the stories of her mother as her own. For instance, in one of the first extracts of Inseon’s memories she speaks of her mother and her sister finding their family dead in the snow.

    I remember her. The girl roaming the schoolyard, searching well into the evening. A child of 13 clinging to her 17-year-old sister as if her sister wasn’t a child herself, hanging on by a sleeve, too scared to see but unable to look away.

    However, Inseon doesn’t remember. She wasn’t there. But, as Hirsch writes of the postmemory generation, such distinct “memories” are mediated by “imaginative investments, projections and creations”.

    Han Kang’s skilful use of Inseon’s postmemory carefully gives voice to the feelings of Inseon’s mother. Han Kang does this through presenting these in fragments that recount first Inseon’s investigative work, and then Inseon’s mother’s research into the family’s losses. These are inserted in passages of recounted conversations, writing and descriptions of photographs and films.

    These pieces are scattered amid Kyungha’s time in the dreamlike and snow buried compound. The intermingling of past and present, dream and reality, art and life creates an almost hallucinatory quality where the edges blur as Kyungha inherits Inseon’s memories – which she inherited from her mother. In each transference, these stories become new.

    This retelling and remembering is important. The 1947 to 1949 uprising is considered by some historians, particularly the American historian Bruce Cummings, as the precursor to the Korean civil war, which left the country divided into North and South. However, for almost 50 years, the very existence of the massacre was officially censored and repressed.

    It was only in 2000s that the incident was recognised and the National Committee for Investigation of the Truth about the Jeju 4.3 Incident was established. In 2003, then-president Roh Moo-hyun apologised for the deaths of the innocents and the state repression against the survivors, who had been severely stigmatised as enemies of the state and branded “red insurgents” (pokto).

    Hang Kang’s novel makes it clear that Jeju 4.3 is not simply an issue of the past, but one of the present that persists and lives on in the lives of all who it has touched. Inseon was born the only daughter of a mother who witnessed the massacre and a father who survived, not only on Jeju, but also afterwards on the Korean mainland. This parentage means she cannot forget nor repress it, it constantly intrudes into her life.

    Han Kang urges the public to bear witness, the reader does so through Kyungha. As she delves into the history through memory and official documents, we too do the same. In this act of reading we remember and name the tragedy.

    Ultimately, this becomes an act of commemoration of the victims whose spirits still seem unable to leave this life as they remain on the island in the form of wind, birds, trees, snow and sea. We see, as Kyungha sees, Jeju 4.3 has left too much pain and too many scars on the souls for them to forget and leave.

    We Do Not Part is captivating, moving and from sentence to sentence Han Kang’s sensitive approach to Jeju 4.3 makes us reflect on why we still need to remember and commemorate this tragedy and the many others that still go ignored.

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

    – ref. We Do Not Part by Han Kang: a haunting story which forces the reader to remember a horrific incident in Korea’s past that it tried to erase – https://theconversation.com/we-do-not-part-by-han-kang-a-haunting-story-which-forces-the-reader-to-remember-a-horrific-incident-in-koreas-past-that-it-tried-to-erase-249200

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: New deal for agriculture

    Source: Scottish Government

    Flexible grants to drive efficiency, support nature and climate friendly farming.

    Farmers and crofters will benefit from £20 million additional capital support this year and £26 million next year, First Minister John Swinney has confirmed.

    Speaking at the NFU Scotland annual conference he outlined how at least £14 million of the funding will deliver a Future Farming Investment Scheme, providing flexible capital grants.

    Other significant announcements included:

    • an additional £7 million in 2025 through the Agri-environment climate scheme (AECS) to undertake activities supporting nature, climate and biodiversity alongside food production
    • hosting a new entrant’s summit bringing key individuals together to find solutions to attract more people into farming
    • a three year programme of national land Lidar laser scanning to accurately map terrain
    • committing £75,000 to RSABI (founded as the Royal Scottish Agricultural Benevolent Institution) to provide mental health support for farmers and crofters
    • further details of how the routemap to implementing a new framework of agriculture support will work
    • a commitment to delivering ultra-high frequency (UHF) electronic identification for cows to improve traceability

    Mr Swinney said:

    “I want to see a farming sector that is equipped and ready to meet the challenges and seize the opportunities of the future. That is why at least £14 million will be delivered through our Future Farming Investment Scheme.

    “We will work at pace to consult with industry to ensure the capital grant scheme guidance and priorities work for a range of businesses and that the application processes are simple and straightforward. They will not be prescriptive, as long as the funds are used to drive efficiency or support nature and climate friendly farming your bid will be valid and could receive support.

    “A flourishing Scotland means a flourishing rural Scotland. And for rural Scotland to thrive, farming must thrive. I look forward to working with the industry – building on the constructive working relationships we have with NFU Scotland to show that this government is committed to continuing to support our nation’s farmers.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: New affordable homes given the green light 

    Source: City of Salford

    Plans for the construction of 25 affordable homes across two locations in the city that will provide much needed supported accommodation for young people who are homeless or at risk of homelessness have been approved at Salford City Council’s Planning and Transportation Regulatory Panel (Thursday 6 February).

    The first development coming to Bridgewater Street, Little Hulton will comprise of three two-bedroomed and four three-bedroomed family houses, which have a traditional terrace layout with off street parking and secure rear gardens. 

    The site will also feature eight one-bedroom apartments for young people, aged 18 to 25, who are, or at risk of becoming homeless. 

    The new affordable housing will be owned and managed by Dérive, Salford City Council’s wholly-owned housing company.

    Councillor Tracy Kelly, Statutory Deputy City Mayor and Lead Member for Housing and Anti-Poverty at Salford City Council, said: “Affordable supported accommodation is such an important stepping-stone for helping people get back on their feet and is a vital step between homelessness and getting their lives back on track”.

    “The work we’re doing to provide truly affordable homes is crucial. The new, spacious low energy apartments will help tackle youth homelessness and the under provision of young persons supported accommodation in the city.

    “These homes will support a pathway out of homelessness into settled accommodation, and all the benefits that settled accommodation brings to improving life chances of young people, access to employment and education opportunities and improving health and wellbeing.”

    The second development approved at today’s meeting was Tully Street South, in Higher Broughton which will house a new development for young people who are, or at risk of becoming homeless. The ten self-contained apartments will feature single occupancy bedrooms, together with a bathroom, living/kitchen/dining area and storage spaces.

    Tully Street South’s development will also be owned and managed by Dérive and will be delivered under the Single Homelessness Accommodation Programme (SHAP), a Government led scheme that aims to tackle homelessness and rough sleeping.

    These developments are part of our commitment to increasing the number of good quality, affordable homes, with support for people at risk of or experiencing homelessness. 

    Salford City Mayor Paul Dennett said: “The approval of both these affordable homes developments is a significant step forward in our plans to provide the affordable and social homes which local people need and deserve. 

    “There is real need for schemes such as these in our city, with over 5,000 households on the city’s housing register and over 6,000 homeless presentations made to the council in 2023-24. It’s vital we continue to work to provide truly affordable housing in our city.

    “Housing is so important for the wellbeing of everyone. Without a stable, secure, affordable place to live everything else suffers, from health to education to employment prospects. It is due to this appreciation of the holistic benefits of good housing that we have put so much energy and resources into Dérive, our wholly owned development company and developments such as Bridgewater Street and Tully Street South.”

    Read more about the proposals.

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    Date published
    Friday 7 February 2025

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    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Mayor officially opens Sadler’s Wells East – part of London’s new culture and education powerhouse, East Bank

    Source: Mayor of London

    • Sadler’s Wells East becomes the first cultural venue to open at East Bank – London’s new culture and education powerhouse at Queen Elizabeth Olympic Park
    • The new purpose-built theatre will be a gamechanger for dance, providing inspiration and opportunities for performers and people across the capital
    • East Bank is creating an estimated £1.5bn for the local economy, thanks to the biggest cultural investment ever from the Mayor

     

    The Mayor of London, Sadiq Khan, has today celebrated a significant milestone in the creation of East Bank by opening Sadler’s Wells East – the first public cultural building at London’s new culture and education powerhouse.

     

    Sadiq hailed the brand-new purpose-built theatre as a gamechanger for dance in the city as he was joined by Britannia Morton, Executive Director and Co-Chief Executive and Sir Alistair Spalding CBE, Artistic Director and Co-Chief Executive of Sadler’s Wells, to officially open the new building in Queen Elizabeth Olympic Park this evening (Thursday 6 February).

     

    The new venue features a 550-seat auditorium, six state-of-the-art dance studios and a public performance space for free shows. It will be home to the Rose Choreographic School and Academy Breakin’ Convention, a new school for talented 16-19 year olds, dedicated to hip hop theatre.

     

    The opening of this world-class venue is an exciting moment in the East Bank journey, which is bringing together some of the country’s biggest institutions to deliver a cultural legacy from the London 2012 Olympic Games, thanks to more than £600m of investment from the Mayor.

     

    London College of Fashion, UAL, and University College London (UCL) have already welcomed over 10,000 students to their new leading educational facilities, with the BBC and the V&A set to also open new buildings on site.

     

    The new cultural quarter will generate an estimated £1.5bn for the local economy. At the heart of East Bank is a focus on involving the community and young people, with 1,500 young people attending a summer school since 2018, and 89 young people taking part in the Shared Training and Employment Programme (STEP) – a scheme designed to match young East Londoners with entry-level roles in the creative industries.

     

    Tonight, Sadiq officially opened Sadler’s Wells East and met with performers and creators before enjoying a pre-show tour of the theatre. The new space enables Sadler’s Wells to produce fresh work inhouse and offer a much-needed dance space for mid-scale companies from the UK and around the world, who can now bring their shows to the capital, helping to support the UK’s dance ecology.

     

    The opening show is ‘Our Mighty Groove’, a club-night inspired mixture of house, waacking and vogue performance, created by choreographer Vicki Igbokwe-Ozoagu. Loosely based on her personal dance story, the show features a cast of professional dancers as well as 12 dancers aged 16 to 21, who live or study in east London.

     

    The Mayor of London, Sadiq Khan, said: “This is a huge milestone in the East Bank journey. Sadler’s Wells East will be a gamechanger for dance in the capital and across the UK, bringing world-leading innovative performances to a brand-new stage and providing fantastic opportunities for young people. With many of the staff and performers living and working locally, it is already making a difference to the local economy. East Bank is creating a fantastic cultural legacy from the 2012 Olympics and I’m delighted that Sadler’s Wells East will help to inspire audiences and benefit generations to come, as we build a better London for everyone.”

     

    Britannia Morton, Executive Director and Co-Chief Executive of Sadler’s Wells, said: “Sadler’s Wells East arises from the ambition that the 2012 Olympics on this site would create long lasting legacy, with culture and education joining sport as engines of economic growth and social cohesion, in a new vibrant cultural quarter – East Bank in Stratford. Thanks to the Mayor of London who has, alongside the UK Government, enabled us to create this amazing new facility for dance. We think that this building will make such a difference and will add to the thriving creative scene in east London. We’re so excited to welcome artists, audiences, visitors and community groups into the building for the first time.”

    Sir Alistair Spalding CBE, Artistic Director and Co-Chief Executive of Sadler’s Wells, said: “Sadler’s Wells East really is a new kind of cultural destination – with local roots, national impact and global perspectives. Opening in Stratford, in Newham, is a privilege and responsibility. We are committed to making a difference in this part of London, and Vicki’s production feels like the perfect curtain raiser to this new powerhouse of dance, combining professional and community performers from the local area in a joyous celebration of dance and movement! Looking ahead, there will be a kaleidoscope of styles throughout our first year at Sadler’s Wells East, really offering something for everyone.”

     

    Tamsin Ace, Director of East Bank, said: “This is such an exciting moment for London, with Sadler’s Wells East marking the first cultural venue to open as part of East Bank. Sadler’s Wells East joins London College of Fashion, UAL and UCL East which opened their doors to students in Autumn 2023, with V&A East Storehouse & Museum and BBC Music Studios to follow. We can’t wait for the students, teachers and visitors already populating the Waterfront to be met by dance practitioners and audiences coming in to witness the 2025 programme. A powerhouse of innovation, creativity and learning, East Bank is fast becoming a hallmark of what the 2012 Olympic & Paralympic legacy really means for all those who visit, work and live in east London.”

     

    Rokhsana Fiaz OBE, Mayor of Newham said: “The opening of Our Mighty Groove at Sadler’s Wells East marks a significant moment for Newham’s cultural landscape. As part of our commitment to Building Newham’s Creative Future, we are proud to see world-class performances taking centre stage in our borough, ensuring that creativity and culture remain accessible to all. This production reflects the energy and diversity of Newham, bringing communities together through the power of dance. This partnership with the Mayor of London underscores our shared commitment to bringing world-class arts to East London, creating new opportunities for local talent, and making culture accessible to everyone.”

     

    Uma Kumaran, MP for Stratford and Bow said: “I’m so proud that East Bank is leading the way once again. The opening of Sadler’s Wells East is a massive cultural offering in the heart of East London. This incredible venue will inspire the next generation of dancers, bring world-class performances to our doorstep, boost our economy, and create new opportunities for local people. Stratford and Bow is leading the way as a hub of innovation, arts and business delivering jobs, investment, and cultural excellence-it’s no surprise Stratford has been named the best place in London to visit in 2025 – London is moving East!”

     

    Justine Simons OBE, Deputy Mayor for Culture and the Creative Industries, said: “The opening of Sadler’s Wells East is a hugely exciting moment for East Bank and for London, nearly seven years after we set out a vision to create a new culture and education powerhouse for our capital at Queen Elizabeth Olympic Park it’s now a reality.  It is the biggest ever cultural investment by City Hall. This fantastic new venue will bring new productions to the capital, support the next generation of talent and opportunities for young Londoners for many decades to come.”

    Vicki Igbokwe-Ozoagu, creator of Our Mighty Groove, said: “It’s an honour to have Our Mighty Groove opening Sadler’s Wells East and I’m so very proud to present this Uchenna classic with the phenomenal cast and creative team I’m collaborating with. I want to give a special shout out to our young cast, a group of talented performers and definitely ones to watch. We can’t wait to groove with you!”

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: How can there be a discussion of regionalism v/s nationalism in this country? – VP

    Source: Government of India

    How can there be a discussion of regionalism v/s nationalism in this country? – VP

    In recent years, money has been used, and access to the judiciary has been weaponized to promote anti-national sentiments – VP

    Today, we need to preserve our cultural philosophy; we are trying to cut the branch on which we are thriving – VP

    Vice-President expresses concern over attempts to influence the electoral process within the country

    Vice-President inaugurates the third edition of the Karnataka Vaibhava Literature and Cultural Festival

    Posted On: 07 FEB 2025 4:38PM by PIB Delhi

    The Vice President, Shri Jagdeep Dhankhar, today warned against divisive forces, stating, “I have no hesitation in saying that the challenges we are facing are more serious than even climate change… [Some] people, in the style they are adopting, are creating divisions in a despicable manner. There are many bases for division—caste, regionalism. I don’t understand how there can be a debate about regionalism versus nationalism in this country. How absurd and baseless it is, but when you look at its roots, you will find the hand of anti-national forces.”

    In his address at the inauguration of the third edition of the Karnataka Vaibhava Literature and Cultural Festival at Ranebennur in Karnataka, the Vice President said, “These forces [divisive forces] work in different ways. They have adopted new paths, and on many issues, you will see they turn to the judiciary. I am concerned because our Constitution has given every individual the right in the judicial system, and what is the right? That they can seek the shelter of the court. But in recent years, money has been used to fuel anti-national sentiments, and access to the judiciary has been weaponized in a way that is not happening in any other country.”

    He further stated, “The forces challenging the nation, trying to create a clash between nationalism and regionalism, must receive a strong response. They want to shake our cultural heritage.”

    Emphasizing on the need to preserve the nation’s cultural philosophy, the Vice President said, “On this day, when I look to one side, I see India’s progress through the eyes of the world, through the eyes of the people living within the nation. They are like the feathers of the peacock dancing in the rain… But when I look at the peacock’s feet, I get worried, forced to reflect, and then I feel the need for our cultural philosophy. We are trying to cut the branch on which we are thriving, on which we are sitting.”

    Expressing deep concern over attempts to influence the electoral process within the country, the Vice President said, “In the country with the oldest democracy, the strongest democracy, the most progressive democracy, the most vibrant democracy, and constitutionally the only country in the world with a democratic system at every level—village, city, state, or nation; there is an attempt to influence our electoral process in a manner it should not be influenced. This attempt is being made by those who should not even be a part of it, but they are involved. We must, collectively, with strong resolve, develop a mindset.”

    Referring to India’s economic progress, he said, “The world’s leading institutions like IMF, World Bank, and others say that if there is any shining star in the world where investment can be made, where opportunities are available, where one can showcase their talent, it is India. India is considered a global favorite destination for investment and opportunities.”

    ****

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: RURAL DISTRESS SHOWCASED BY RISE IN HOUSEHOLDS UNDER MGNREGS

    Source: Government of India

    Posted On: 07 FEB 2025 4:26PM by PIB Delhi

    Mahatma Gandhi National Rural Employment Guarantee Scheme (Mahatma Gandhi NREGS) is a demand driven wage employment Scheme which provides for the enhancement of livelihood security of the households in rural areas of the country by providing at least one hundred days of guaranteed wage employment in every financial year to every household whose adult members volunteer to do unskilled manual work.

    In order to upgrade the skill base of Mahatma Gandhi NREGS’s workers, Government of India launched “Project UNNATI” in December 2019. By upgrading skill base of Mahatma Gandhi NREGS workers, the project intends to improve their livelihoods, so that they can move from the current partial employment to full employment through either self-employment or wage employment. The Project aims to enhance the skill base of 2 lakh Mahatma Gandhi NREGS workers. So far total of 82,799 Mahatma Gandhi NREGS workers have been trained (as on 31.12.2024).

    In addition, this Ministry also implements the following two welfare schemes in the field of skill development for rural poor youth for their gainful employment with a view to eradicate poverty in the country under the umbrella scheme of Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM):

    1. Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY): DDU-GKY is a placement linked skill development program for rural poor youth in the age group of 15-35 years. DDU-GKY guidelines provide for earmarking 50% of the funds for SCs and STs and 15% for minorities. Further, one third beneficiaries of the respective categories including general category, covered under the scheme, should be women.
    2. Rural Self Employment Training Institutes (RSETIs): RSETI is a Bank lead- MoRD funded training institutions established by the Sponsor Banks in their Districts, to provide training for Skill and Entrepreneurship Development. MoRD extends financial support for the construction of RSETI buildings and also bears the cost of training the Rural Poor candidates. Any unemployed youth in the age group of 18-45 years having an aptitude to take up self-employment or wage employment and having some basic knowledge in the related field can undergo training at RSETI. Some of the trained candidates may also seek regular salaried jobs / wage employment.

    This information was given by Minister of State Rural Development, Shri Kamlesh Paswan in a written reply in Rajya Sabha today.

    ******

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: PRADHAN MANTRI AWAS YOJANA-GRAMIN (PMAY-G)

    Source: Government of India

    Posted On: 07 FEB 2025 4:25PM by PIB Delhi

    In order to achieve the objective of “Housing for All” in rural areas, the Ministry of Rural Development is implementing Pradhan Mantri Awaas Yojana- Gramin (PMAY-G) with effect from 1st April 2016 to provide assistance to 4.95 crore eligible rural households with basic amenities by March 2029. As on 02.02.2025, a cumulative target of 3.79 crore houses have been allotted to States/UTs out of which 3.34 crore houses have been sanctioned and 2.69 crore houses have been completed.

    The Union Cabinet has approved the proposal for “Implementation of the Pradhan Mantri Awaas Yojana- Gramin (PMAY-G) during FY 2024-25 to 2028-29” for construction of additional 2 crore houses. Ministry has allocated targets of 84,37,139 houses during 2024-25 to the 18 States viz. Assam, Bihar, Chhattisgarh, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Manipur, Odisha, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Andhra Pradesh, and Karnataka. Out of 84,37,139 houses, target of 46,56,765 houses has been allocated in the months of December,2024 and January 2025 to the 9 States viz Assam, Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, and Karnataka. Out of targets 84,37,139 houses,39,82,764 houses has been sanctioned as on 02.02.2025.

    The PMAY-G scheme has had a significant positive impact on rural India by improving access to affordable housing and had played a key role in transforming the rural housing landscape, reducing poverty, improving living standards, and fostering social and economic development in rural India. The scheme of PMAY-G has also been evaluated through various Independent institutes such as National Institute of Public Finance and Policy, NITI Aayog, National Institute of Rural Development & Panchayati Raj, etc..

    PMAY-G is monitored very closely at all levels. There is a special emphasis on quality and timely completion of construction. The details of the monitoring mechanism adopted under the scheme are as follows:-

    1. All data regarding beneficiaries, the progress of construction, and the release of funds, including photographs and inspection reports are placed on AwaasSoft and this forms the basis for follow-up of both the financial and physical progress of the scheme.
    2. The physical progress of construction of a PMAY-G house is monitored through the geo-tagged, time and date-stamped photographs to be uploaded at every stage of construction and upon completion.
    3. National-level Monitors and Officers of the Ministry also visit PMAY-G houses during the field visits to assess the progress, the procedure followed for the selection of beneficiaries, etc.
    4. The Project Management Unit (PMU) at the State level is to undertake the tasks of implementation, monitoring, and quality supervision. Officers at the Block level are to inspect, as far as possible, 10% of the houses at each stage of construction; district-level officers are to inspect 2% of the houses at each stage of construction. Every house sanctioned under PMAY-G is to be tagged a village-level functionary whose task is to follow-up with the beneficiary and facilitate construction.
    5. Social Audit is to be conducted in every Gram Panchayat at least once a year.
    6. Payment of assistance to the beneficiaries, who have been sanctioned houses, is to be made directly into their bank/ post office accounts through the AwaasSoft- PFMS platform electronically. This ensure increased transparency by enabling real-time monitoring of funds disbursed to beneficiaries.
    7. To prevent misuse of funds under PMAY-G, the assistance is provided to the beneficiaries directly into their bank account/ post office account through Aadhaar Payment bridge System/Direct Benefit Transfer (DBT) in construction stage linked installments. At every fixed stage of construction of the house, the geo-referenced and time-stamped photograph of the house along with beneficiary is also captured.
    8. The progress of different parameters for implementing the scheme is monitored through the Performance Index Dashboard which is helping in planning appropriate intervention in required areas.
    9. There is also a procedure of lodging of complaints on the Centralized Public Grievance Redress and Monitoring System (CPGRAMS) portal (pgportal.gov.in) by the public. The complaints received in the Ministry of Rural Development through CPGRAMS or otherwise are forwarded to the respective State Governments/ Union Territory (Union Territory) Administrations for redressal of the grievance. Apart from this, there are mechanisms like IGRS and CM helpline at the State Level for grievance redressal. The State-wise details of complaints related to misuse of funds are given at Annexure.

    Annexure

    State-wise details of complaints related to irregularities and misappropriation of fund under PMAY-G from 01.04.2016 to 30.01.2025

    State Name

    Brought Forward

    Received During

    Pending During

    Disposed During

    Andaman And Nicobar Islands

    0

    0

    0

    0

    Andhra Pradesh

    0

    2

    0

    2

    Arunachal Pradesh

    0

    2

    0

    2

    Assam

    0

    274

    0

    274

    Bihar

    0

    451

    2

    449

    Chandigarh

    0

    0

    0

    0

    Chhattisgarh

    0

    28

    1

    27

    Dadra and Nagar Haveli and Daman and Diu

    0

    0

    0

    0

    Daman and Diu

    0

    0

    0

    0

    Delhi

    0

    8

    0

    8

    Goa

    0

    0

    0

    0

    Gujarat

    0

    8

    0

    8

    Haryana

    0

    7

    1

    6

    Himachal Pradesh

    0

    5

    2

    3

    Jammu And Kashmir

    0

    10

    0

    10

    Jharkhand

    0

    68

    2

    66

    Karnataka

    0

    2

    0

    2

    Kerala

    0

    2

    0

    2

    Ladakh

    0

    0

    0

    0

    Lakshadweep

    0

    0

    0

    0

    Madhya Pradesh

    0

    327

    2

    325

    Maharashtra

    0

    74

    1

    73

    Manipur

    0

    1

    0

    1

    Meghalaya

    0

    1

    0

    1

    Mizoram

    0

    0

    0

    0

    Nagaland

    0

    0

    0

    0

    Odisha

    0

    79

    0

    79

    Puducherry

    0

    0

    0

    0

    Punjab

    0

    10

    0

    10

    Rajasthan

    0

    55

    0

    55

    Sikkim

    0

    0

    0

    0

    Tamil nadu

    0

    84

    0

    84

    Telangana

    0

    3

    0

    3

    Tripura

    0

    1

    0

    1

    Uttar Pradesh

    0

    824

    3

    821

    Uttarakhand

    0

    16

    0

    16

    West Bengal

    0

    59

    0

    59

    Total

    0

    2401

    14

    2387

    This information was given by Minister of State Rural Development, Dr. Chandra Sekhar Pemmasani in a written reply in Rajya Sabha today.

    ******

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Anganwadi workers technologically empowered with the provision of smartphones for efficient monitoring and service delivery under Mission Poshan 2.0

    Source: Government of India (2)

    Anganwadi workers technologically empowered with the provision of smartphones for efficient monitoring and service delivery under Mission Poshan 2.0

    Provision of performance linked incentives for Anganwadi workers and helpers  for growth measurement, home visits and opening of Anganwadi centres

    Posted On: 07 FEB 2025 4:12PM by PIB Delhi

    Poshan Abhiyaan, an overarching scheme for holistic nourishment was launched on 8th March 2018 to improve nutritional outcomes for children, adolescents, pregnant women and lactating mothers. Under Poshan Abhiyaan, Incremental Learning Approach (ILA) was incorporated in order to build and strengthen the capacity of Anganwadi workers. Under the 15th Finance Commission, to address the challenge of malnutrition, various components like Anganwadi services, Poshan Abhiyaan and Scheme for Adolescent girls (of 14-18 years in Aspirational Districts and North-Eastern region) have been subsumed under the umbrella Mission Saksham Anganwadi and Poshan 2.0 (Mission Poshan 2.0).

    Under Mission Poshan 2.0, Anganwadi workers (AWWs) have been technologically empowered with the provision of smartphones for efficient monitoring and service delivery. IT systems have been leveraged to strengthen and bring about transparency in nutrition delivery support systems at the Anganwadi centres and for dynamic identification of stunting, wasting, under-weight prevalence among children (0-6 years). It has facilitated near real time data collection for Anganwadi Services such as, daily attendance, Early childhood care and Education (ECCE), Provision of Hot Cooked Meal (HCM)/Take Home Ration (THR-not raw ration), Growth Measurement etc. This application is working as a job aid for Anganwadi Worker replacing the need for maintaining physical registers; thereby reducing her workload.

    The learning modules on nutrition and early care and education for capacity building of all Anganwadi workers are readily available online on Poshan Tracker.

    Further, Poshan Bhi Padhai Bhi (PBPB) initiative was launched on 10th May, 2023 for upskilling of all Anganwadi workers to build their capacity to provide early childhood care and nutrition service to children below six years of age. As on date, 31,114 SLMTs (CDPOs, Supervisors and Additional Resource Persons) and 145,481 AWWs have been trained across the country under Poshan Bhi Padhai Bhi programme.

    One of the key program elements of the Mission Poshan 2.0 is incentivizing Anganwadi Workers (AWWs) and Anganwadi Helpers (AWHs) monthly for optimal delivery of nutrition and health services and supporting behaviour change. There is a provision of performance linked incentives of Rs 500/- per month and Rs 250/- per month for Anganwadi workers and Anganwadi helpers respectively for growth measurement, home visits and opening of Anganwadi centres.

    This information was given by the Minister of State for Women and Child Development Smt. Savitri Thakur in Lok Sabha in reply to a question today.

    *****

    SS/MS

    (Release ID: 2100651) Visitor Counter : 49

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Fraudulent websites and internet banking login screens related to The Hongkong and Shanghai Banking Corporation Limited

    Source: Hong Kong Government special administrative region

    Fraudulent websites and internet banking login screens related to The Hongkong and Shanghai Banking Corporation Limited
    Fraudulent websites and internet banking login screens related to The Hongkong and Shanghai Banking Corporation Limited
    ******************************************************************************************

    The following is issued on behalf of the Hong Kong Monetary Authority:     The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by The Hongkong and Shanghai Banking Corporation Limited relating to fraudulent websites and internet banking login screens, which have been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.     The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).     Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the websites or login screens concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.

     
    Ends/Friday, February 7, 2025Issued at HKT 18:07

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: INVESTMENT IN PLI SCHEME FOR SPECIALLY STEEL

    Source: Government of India (2)

    Posted On: 07 FEB 2025 1:11PM by PIB Delhi

    Production Linked Incentive (PLI) Scheme for specialty steel was launched with the objective of attracting investment to boost the production of value-added steel in the country. Steel is deregulated sector and decisions such as investment, production are based on techno-commercial considerations of the industry. Participating companies committed to an investment of Rs. 27,106 crore out of which Rs.18,848 crore has been achieved till December, 2024. The production of specialty steel up to December, 2024 is 1,258,000 tonnes.

    This information was given by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Rajya Sabha today.

    *****

    TPJ/NJ

    (Release ID: 2100579) Visitor Counter : 51

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: BENEFITS UNDER SECOND ROUND OF PLI SCHEME VIS-A-VIS PLI SCHEME 1.1

    Source: Government of India (2)

    Posted On: 07 FEB 2025 1:11PM by PIB Delhi

    Second round of the Production Linked Incentive (PLI) scheme for specialty steel was launched on January 6, 2025, within the overall budget allocated for the scheme. To ensure wider participation in the second round, irrespective of the company size, following steps have been taken:-

    1. Launch of dedicated web portal for PLI scheme 1.1 and wide publicity through media.

    2. Frequent webinars with companies that expressed interest to participate in the scheme.

    3. Easing of rules of participation in the scheme such as allowing 50% of investment in cases where companies invest in augmentation of existing facilities to participate in the notified sub-categories.

    This information was given by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Rajya Sabha today.

    *****

    TPJ/NJ

    (Release ID: 2100581) Visitor Counter : 48

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: Answer to a written question – Situation of the European ceramics industry – E-002348/2024(ASW)

    Source: European Parliament

    Trade is essential for the EU’s long-term competitiveness. European ceramics, with a positive balance of EUR 5.8 billion, are important to the EU’s trade balance.

    The energy crisis and third countries’ fast growth and, at times, unfair competition, have resulted in market share losses. Supporting the ceramic sector is of great importance for the EU to fight against deindustrialisation and for its resilience and sovereignty.

    The Commission put in place anti-dumping measures on imports of ceramic tableware from China and ceramic tiles from China[1], India and Türkiye[2].

    Improving the functioning of the Single Market also provides an important lever to ensure fair competition for EU companies and support internal trade.

    The Commission has already put in place a number of tools, such as the Single Market Enforcement Taskforce[3], to improve its functioning.

    The Commission will adopt in the coming weeks the 2025 Annual Single Market and Competitiveness Report and will further adopt a horizontal Single Market Strategy. Together, these different documents will help identify and address remaining barriers.

    The recent Ecodesign for Sustainable Products Regulation[4] and Construction Products Regulation[5] are examples of the Commission’s work to help ensure sufficient offtake to create lead markets for resilient and sustainable products.

    Besides, as announced in the Political Guidelines[6], the Commission will propose an Industrial Decarbonisation Accelerator Act to support industries and companies through the transition.

    • [1] Commission Implementing Regulation (EU) 2024/493, https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:L_202400493&qid=1733935331907
    • [2] Commission Implementing Regulation (EU) 2023/265, https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32023R0265
    • [3] https://single-market-economy.ec.europa.eu/single-market/single-market-enforcement-taskforce_en
    • [4]  Regulation (EU) 2024/1781, https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=OJ:L_202401781
    • [5]  Regulation (EU) No 305/2011, https://single-market-economy.ec.europa.eu/sectors/construction/construction-products-regulation-cpr_en
    • [6] https://commission.europa.eu/document/e6cd4328-673c-4e7a-8683-f63ffb2cf648_en
    Last updated: 7 February 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Financial risks to EU taxpayers following Northvolt’s bankruptcy filing – E-002656/2024(ASW)

    Source: European Parliament

    The implementation framework of budgetary guarantees, for instance under the European Fund for Strategic Investments (EFSI), requires that partner institutions implementing them (for EFSI, the European Investment Bank) manage and share concomitant risk exposures as part of their own.

    Hence, the Commission is in close contact with the banks to ensure that the guarantees concerned are managed as such and in accordance with established terms and risk management frameworks, as well as market practice.

    However, it is recognised that the principal expenditure for programmes deploying budgetary guarantees is meant to cover potential losses on some of the supported investments, which without such support would not be financed by the market at reasonable terms while they make an important contribution to EU policy priorities.

    That is why budgetary guarantees are provisioned from the outset so that occasional losses do not impinge on the relevant programmes and their capacity to provide substantial leverage in supporting EU policy priorities.

    For instance, the InvestEU Programme[1] is on track to mobilise more than EUR 370 billion of investments, comparing with ex ante provisioning of EUR 10.46 billion.

    Moreover, the Commission notes, that in the specific case of interest to the Honourable Members, insolvency proceedings have not yet concluded.

    • [1] https://investeu.europa.eu/index_en
    Last updated: 7 February 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – EU must act as United States signals retreat from green investments – E-002672/2024(ASW)

    Source: European Parliament

    The Clean Industrial Deal, announced in the Political Guidelines for 2024-2029, will restate the business case for the decarbonisation of industry in Europe.

    Building on the Green Deal Industrial Plan, the Net Zero Industrial and Critical Raw Materials Acts, it will have a particular focus on energy-intensive industries and the net-zero sector.

    Some of the measures it will include will aim to lower energy prices, developing lead markets for EU-made decarbonised products, and leveraging circularity for the availability of raw materials.

    It will also develop Clean Trade and Investment Partnerships to increase the coordination of EU international engagement to support EU industry.

    It should also be noted that the EU already has several funding tools that can attract innovative and low carbon businesses. These include among others the Recovery and Resilience Facility, InvestEU and the Innovation Fund. The Commission will also put forward a new European Competitiveness Fund.

    Furthermore, the Commission will engage constructively with the United States (US) Administration as well as with other relevant actors — researchers, the business community, US States and Cities to support the transition to net-zero and present the EU as an attractive and stable place for investments regarding technologies and industries that will underpin the transition.

    Last updated: 7 February 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Commission’s vision and action on e-fuels – E-002820/2024(ASW)

    Source: European Parliament

    Several initiatives that promote the use of e-fuels have already been adopted over recent years. The revised Renewable Energy Directive[1] notably sets targets for the uptake of renewable fuels of non-biological origin in transport and industry.

    The RefuelEU Aviation Regulation[2] sets targets for the increased use of sustainable aviation fuels and includes specific targets for e-fuels.

    The FuelEU Maritime Regulation[3] sets targets for the use of renewable, low-carbon fuels and clean energy technologies for ships.

    ‘Zero rating’ these fuels in the Emissions Trading System (ETS) provides them with a significant financial incentive. 20 million ETS allowances have been set aside for covering part or all of the price gap between sustainable aviation fuels and fossil fuels in the aviation sector.

    The Innovation Fund already provides support, including around EUR 1 billion for 16 sustainable fuel projects (including e-fuels and biofuels) and EUR 2 billion to 30 projects producing hydrogen as principal product. The transport industry will benefit as potential fuel user of these projects.

    The Commission plans to propose an initiative to boost renewable energy, including a 2040 renewable energy target. Getting to the 2035 climate neutrality target for cars will require a technology-neutral approach, in which e-fuels have a role to play, through a targeted amendment of the regulation on CO2 standards[4] as part of the foreseen review in 2026.

    The Commission is aware of the projected scarcity of these fuels and the need for their availability in other sectors without technical alternatives.

    To support sustainable transport fuels in the hard-to-abate sectors (aviation and maritime), the Commission will put forward a ‘Sustainable Transport Investment Plan’.

    • [1] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023L2413
    • [2] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023R2405
    • [3] https://eur-lex.europa.eu/legal-content/EN/AUTO/?uri=CELEX:32023R1805
    • [4] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02019R0631-20240101
    Last updated: 7 February 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Poland: EIB supports sustainable development of medium-sized cities

    Source: European Investment Bank

    • EIB loaned over PLN 1 bln (ca. €274 mln) to Kielce, Radom, Rybnik and Chorzów in 2024.
    • Talks with other medium-sized Polish cities are under way.
    • In Kielce, EIB financing will underpin investment in urban infrastructure, transport and environmental projects.
    • EU bank backed sustainable development of Polish cities and regions with €7.89 bln since 2022.

    The European Investment Bank (EIB) approved PLN 224 million in financing to support sustainable urban development of Poland’s south-eastern city of Kielce. The first agreement signed with the city under the framework loan covers PLN 112 million and will underpin investment in urban infrastructure and transport, as well as environmental and climate policies.

    “Promoting dynamic development of medium-sized cities is one of the EIB’s key lines of action. As the EU’s climate bank, the EIB finances upgrades to and expansion of top-notch urban infrastructure, as well as climate and environmental projects, especially in cohesion regions. Last year, the EIB allocated almost €2.4 billion to sustainable development of regions and cities in Poland,” EIB Vice-President Teresa Czerwińska said during a visit to Kielce. “Thanks to the EIB loan, Kielce will be able to enhance city greeneries, transport network and sports facilities, carrying out investments that bring tangible benefits to inhabitants. Through this partnership with Kielce, and similar ones with Rybnik, Chorzów and Radom, the EIB contributes to improving the quality of life for people in Poland, including those living outside the largest centres.”

    Long-term, beneficial financing from the EIB will allow Kielce to co-finance projects that also receive direct grants from the European Union budget, helping with their effective absorption in Poland. An agreement for the second tranche of financing for the city is expected next.

    “Kielce will use this funding as the required own contribution to projects co-financed externally. We envisage the modernisation of a central city square, the establishment of a business incubator and major investment in public transport, including a new bus fleet. The city’s total investment plan amounts to PLN 761 mln,” said Kielce Mayor Agata Wojda.

    Multibillion-euro support for Polish cities, including medium-sized ones

    The EIB has signed 24 financing agreements with cities and municipal companies totalling over €1.7 billion since 2022. Including infrastructure financing and intermediated loans, the bank’s support to sustainable investment of cities and regions has reached €7.89 bln in the last three years. Alongside big cities, beneficiaries have also included the medium-sized ones with between 100,000 and 250,000 inhabitants. Last year, the EIB granted framework loans totalling over PLN 1 billion to Kielce, Radom, Rybnik and Chorzów.

    “Working together with the EIB is a real step forward in the continued sustainable development of Chorzów. This EIB loan will help the city make strategic investments in key areas such as urban infrastructure and environmental protection. Used effectively, the funding will help improve quality of life for our city’s inhabitants and make Chorzów more competitive on the regional map,” said Chorzów Mayor Szymon Michałek.

    In Radom, EIB funds are being put to use to build nurseries and social housing, create green spaces, promote sustainable urban mobility and improve energy efficiency of public buildings.

    Radom Mayor Radosław Witkowski, said: “Partnering with the EIB will provide economic benefits and help our city to keep on developing, which is what our residents expect.”

    According to Piotr Kuczera, the mayor of Rybnik, EIB financing is making the city “greener and a nicer place to live.”

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the EU, and the Capital Markets Union.   

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024. Nearly two-thirds of which was allocated to tackle the climate crisis and protect the environment. Almost half of the invested funds were allocated in cohesion regions, while €17.2 billion was earmarked specifically for the sustainable development of cities and regions. In Poland, EIB support for economic and territorial cohesion last year amounted to €5 billion, while investments in the development of cities and regions reached almost €2.4 billion. The EIB Group will soon share the full results of its activities in Poland.

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Lack of transparency in how the COVID-19 pandemic was managed – E-000421/2025

    Source: European Parliament

    Question for written answer  E-000421/2025
    to the Commission
    Rule 144
    Jorge Martín Frías (PfE)

    The US House of Representatives recently published an investigation offering an in-depth assessment of the United States’ response to the COVID-19 pandemic, its causes and the vaccination campaigns.

    The investigation concludes that the measures adopted, such as quarantining and requiring masks to be worn, were arbitrary and not based on any scientific evidence, and, what is more, that they were ineffective and detrimental.

    Regarding the vaccines, the investigation indicates that they did not prevent the spread of the virus as hoped for and that the decisions taken in respect of the vaccines were partly politically motivated.

    In light of these conclusions:

    • 1.Does the Commission intend to launch an investigation – one that includes the full declassification of documents between pharmaceutical companies and Commission President, Ursula von der Leyen – into what took place in the European Union?
    • 2.Will there be an assessment of the way in which the COVID-19 passport was used to restrict the freedoms of European citizens in some Member States, despite this being contrary to the intent of the legislator?
    • 3.Does any data exist on the cost of these measures, both economically and to mental health, in the EU?

    Submitted: 30.1.2025

    Last updated: 7 February 2025

    MIL OSI Europe News –

  • MIL-OSI: Man Group PLC : Form 8.3 – American Axle and Manufacturing Holdings Inc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: Man Group PLC
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		  
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 American Axle & Manufacturing Holdings, Inc.
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 06/02/2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 YES
    Offeree: Dowlais Group plc

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: USD 0.01 common
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 93,090.00 0.08    
    (2)   Cash-settled derivatives: 155,905.00 0.13 96,508.00 0.08
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    		 248,995.00 0.21 96,508.00 0.08

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    USD 0.01 common Purchase 956 5.118 USD

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    USD 0.01 common Equity Swap Increasing a long position 796 5.118 USD
    USD 0.01 common Equity Swap Increasing a long position 41,545 5.118 USD

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    None

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 07/02/2025
    Contact name: Mackenzie Terry
    Telephone number: +442071441555

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Global Consumer Products Leader Selects Kneat to Digitize Validation

    Source: GlobeNewswire (MIL-OSI)

    LIMERICK, Ireland, Feb. 07, 2025 (GLOBE NEWSWIRE) — kneat.com, inc. (TSX: KSI) (OTCQX: KSIOF), a leader in digitizing and automating validation and quality processes, is pleased to announce that a multinational consumer food and drink producer (“the Company”) has signed a three-year Master Services Agreement (“MSA”) with Kneat to digitize its validation processes.

    Headquartered in Europe and operating manufacturing facilities globally, the Company will initially use Kneat for Equipment and Computer System Validation within a specialized health sciences division with over 5,000 employees.  The MSA allows the company to scale Kneat to all its affiliate companies and business divisions.

    “Today’s announcement highlights that life science applications for Kneat can be found outside traditional life sciences companies, as we bring another consumer products leader into the Kneat community. We are proud to be a part of this Company’s world-class quality effort supporting their pursuit of health, wellness, and nutrition for people around the world.”

    – Eddie Ryan, Chief Executive Officer of Kneat

    The number of consumer goods companies relying on Kneat has grown over the past several years, as certain products in their portfolios are subject to validation regulatory requirements. Digitizing these processes helps these companies mitigate risk and protect the brands they have been building for years, and positions Kneat to continue adding value to their efforts over the years ahead.

    About Kneat

    Kneat Solutions provides leading companies in highly regulated industries with unparalleled efficiency in validation and compliance through its digital validation platform Kneat Gx. As an industry leader in customer satisfaction, Kneat boasts an excellent record for implementation, powered by our user-friendly design, expert support, and on-demand training academy. Kneat Gx is an industry-leading digital validation platform that enables highly regulated companies to manage any validation discipline from end-to-end. Kneat Gx is fully ISO 9001 and ISO 27001 certified, fully validated, and 21 CFR Part 11/Annex 11 compliant. Multiple independent customer studies show up to 40% reduction in documentation cycle times, up to 20% faster speed to market, and a higher compliance standard.

    Cautionary and Forward-Looking Statements

    Except for the statements of historical fact contained herein, certain information presented constitutes “forward-looking information” within the meaning of applicable Canadian securities laws. Such forward-looking information includes, but is not limited to, the relationship between Kneat and the customer, Kneat’s business development activities, the use and implementation timelines of Kneat’s software within the customer’s validation processes, the ability and intent of the customer to scale the use of Kneat’s software within the customer’s organization, and the compliance of Kneat’s platform under regulatory audit and inspection. While such forward-looking statements are expressed by Kneat, as stated in this release, in good faith and believed by Kneat to have a reasonable basis, they are subject to important risks and uncertainties. As a result of these risks and uncertainties, the events predicted in these forward-looking statements may differ materially from actual results or events. These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties.

    Kneat does not undertake any obligation to release publicly revisions to any forward-looking statement, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at an investor’s own risk.

    For further information:

    Katie Keita, Kneat Investor Relations
    P: + 1 902-450-2660
    E: investors@kneat.com

    The MIL Network –

  • MIL-OSI: Levels Protocol Launches Solana’s First-Ever Changing Token

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Feb. 07, 2025 (GLOBE NEWSWIRE) — By introducing the first token that changes in real-time as its market capitalisation increases, Levels Protocol is revolutionising cryptocurrency in the Solana Ecosystem. In contrast to conventional digital assets, level tokens automatically update their names, symbols, and metadata on-chain to reflect significant events and promote an engaging, dynamic trading environment.

    A Token That Grows Alongside Its Community

    Levels Protocol, based on Solana’s fast blockchain, allows tokens to change without requiring manual modification. With each price milestone being a collective accomplishment for token holders, this innovation produces an exciting investment experience.

    Users can create changing tokens with the Levels Launchpad dApp, transforming market momentum into a gamified experience where progress is rewarded at every round.

    How It Works:

    * $0.0001: Token name = “levels”
    * $0.001: Token name = “levelsss”
    * $0.01: Token name = “levelssssss”
    * $0.1: Token name = “levelssssssssss”
    * $1: Token name = “levelssssssssssssssss”

    An Ecosystem Driven by the Community

    The foundation of Levels Protocol is an incentive-driven framework intended to encourage participation and long-term viability.

    Promoting Intense Engagement

    Every $500 invested earns traders points, which they can use to obtain $LEVELS airdrops and guarantee leaderboard rankings.

    Developers vie for rewards ranging from $30,000 to $50,000+, which spurs ongoing innovation.

    Platform fees are distributed to stakers, guaranteeing long-term value and usefulness.

    A Well-Timed Launch for Long-Term Effects

    In order to sustain community participation and enthusiasm, Levels Protocol uses a staggered release strategy, providing new utilities gradually rather than launching with all features at once.

    Transforming the Cryptocurrency Trading Industry

    Levels Protocol provides a distinctive take on tokenomics by fusing gamification, decentralised technology, and community cooperation. With each milestone reflecting collective progress, its dynamic structure turns static digital assets into community-driven, dynamic entities.

    MEDIA DETAILS:
    Website: https://levelsprotocol.dev
    Person Name: Azul Yager
    Webmail: Azulyager@levelsprotocol.dev
    Location: Sheikh Mohammed Bin Rashed Boulevard, Downtown Dubai, PO Box 111969, Dubai, United Arab Emirates.

    Disclaimer: This press release is provided by Levels Protocol. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cd15edb4-2a68-4b03-9cb1-e0d1525cc748

    The MIL Network –

  • MIL-OSI: The GraniteShares YieldBoost TSLA ETF (TSYY) Yielded an Annualized Distribution of Approximately 35% Generating a 7.9% Total Return. TSYY Went Ex-Dividend on January 24, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 07, 2025 (GLOBE NEWSWIRE) — YieldBOOST is an innovative strategy that aims to combine high income potential by selling options on leveraged ETFs which generally command a higher premium than options on stocks, while focusing on NAV preservation by writing options which have a lower chance of being exercised (“out of the money” options). GraniteShares believes that this holistic approach is an improvement over existing option income strategies mainly known as “covered call” strategies.

    The fact that TSYY was able to generate a positive total return over the same period the TSLA stock price was significantly down, illustrates the robustness of the YieldBOOST approach developed by GraniteShares.

    The main problem with covered call strategies is that they prioritize income or yield over total return. With a covered call, the options seller typically sells “at the money” which enables the seller to generate the maximum amount of premium at the point of sale. An option is considered at-the-money when the strike price is very close to the current market price of the underlying asset.

    This approach encompasses the problem that the option has a much higher chance of being exercised if the value of the underlying asset goes up, hence capping the upside. If the underlying asset falls in value, the strategy is fully exposed to the downside. The main design flaw with covered call strategies can be a nice yield but poor total return and therefore a poor investment long term.

    TSYY is the first ETF in GraniteShares’ YieldBOOST lineup, and additional YieldBOOST products are expected to come to market over the coming months. The fund’s primary investment objective is to seek current income. The fund’s secondary investment objective is to seek exposure to the performance of one or more exchange-traded funds whose shares trade on a U.S.-regulated securities exchange and that seek daily leverage investment results of 2 times (200%) the daily percentage of the common stock of Tesla Inc. (NASDAQ: TSLA) (the “Underlying Stock”) subject to a limit on potential investment gains.

    About GraniteShares:

    GraniteShares is an award-winning global investment firm dedicated to creating and managing ETFs. Headquartered in New York City, GraniteShares provides products on U.S., U.K, German, French & Italian stock exchanges. The firm is a market leader in leveraged single-stock ETFs and provides innovative, cutting-edge investment solutions for the high conviction investor.

    Founded in 2016, GraniteShares is an ETF provider focused on providing innovative, cutting-edge alternative investment solutions. Its U.S. ETF offerings include a broad-based commodity index fund, physically backed gold and platinum funds and a high-income pass-through securities index fund.

    GraniteShares also offers a suite of leveraged single stock ETFs, including those targeting NVIDIA, Coinbase and Tesla. The company has $8.9 billion in assets under management as of January 24, 2025.

    For complete information about the GraniteShares YieldBOOST TSLA ETF (TSYY), please visit:
    https://graniteshares.com/institutional/us/en-us/

    Link to Prospectus: https://graniteshares.com/institutional/us/en-us/etfs/tsyy/

    Media Contact:

    GraniteShares Inc.
    William Rhind
    222 Broadway, 21 Floor,
    New York, NY, 10038
    844-476-8747
    info@graniteshares.com

    Disclaimer 

    IMPORTANT INFORMATION 

    This material must be preceded or accompanied by a Prospectus. Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. Please read the prospectus before investing.

    Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns. 

    An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as option contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Risks of the Fund include Risk of the Underlying ETF, Derivatives Risk, Affiliate Fund Risk, Counterparty Risk, Price Participation Risk, Distribution Risk, NAV Erosion Risk, Put Writing Strategy Risk, Option Market Liquidity Risk. These and other risks can be found in the prospectus.

    This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b9c2ffd3-df2f-498d-847a-56a103777b2d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/bb08dd54-2840-4d31-8d6a-762d522d31b3

    The MIL Network –

  • MIL-OSI Security: Europol hosts its second Industry and Research Days

    Source: Europol

    Featuring keynote speeches from Europol experts and live demonstrations of the latest technology by companies, this event brought Europol staff and national law enforcement practitioners up to speed with the latest technological advancements in the security market. As a response to the needs expressed by the law enforcement community, and matching criteria such as the innovative nature and relevancy to…

    MIL Security OSI –

  • MIL-OSI: Global Net Lease Announces Release Date for Fourth Quarter and Full Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 07, 2025 (GLOBE NEWSWIRE) — Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) announced today that it will release its financial results for the fourth quarter and year ended December 31, 2024 on Thursday, February 27, 2025 after the close of trading on the New York Stock Exchange.

    The Company will host a conference call and audio webcast on Friday, February 28, 2025, beginning at 11:00 a.m. ET, to discuss the fourth quarter and full year results and provide commentary on business performance. The results will be released before the call which will be conducted by GNL’s management team. A question-and-answer session will follow the prepared remarks.

    Dial-in instructions for the conference call and the replay are outlined below. This conference call will also be broadcast live over the Internet and can be accessed by all interested parties through the GNL website, www.globalnetlease.com, in the “Investor Relations” section. To listen to the live call, please go to the “Investor Relations” section of the Company’s website at least 15 minutes prior to the start of the call to register and download any necessary audio software. For those who are not able to listen to the live broadcast, a replay will be available shortly after the call on the GNL website.

    Conference Call Details

    Live Call
    Dial-In (Toll Free): 1-877-407-0792
    International Dial-In: 1-201-689-8263

    Conference Replay*
    Domestic Dial-In (Toll Free): 1-844-512-2921
    International Dial-In: 1-412-317-6671
    Conference Replay Number: 13750621

    *Available from 2:00 p.m. ET on February 28, 2025 through May 28, 2025.

    About Global Net Lease, Inc.

    Global Net Lease, Inc. is a publicly traded real estate investment trust listed on the NYSE, which focuses on acquiring and managing a global portfolio of income producing net lease assets across the United States, and Western and Northern Europe. Additional information about GNL can be found on its website at www.globalnetlease.com.

    Important Notice

    The statements in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. The words such as “may,” “will,” “seeks,” “anticipates,” “believes,” “expects,” “estimates,” “projects,” “potential,” “predicts,” “plans,” “intends,” “would,” “could,” “should” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company’s control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the risks associated with realization of the anticipated benefits of the merger with The Necessity Retail REIT, Inc. and the internalization of the Company’s property management and advisory functions; that any potential future acquisition or disposition by the Company is subject to market conditions and capital availability and may not be identified or completed on favorable terms, or at all. Some of the risks and uncertainties, although not all risks and uncertainties, that could cause the Company’s actual results to differ materially from those presented in its forward-looking statements are set forth in the “Risk Factors” and “Quantitative and Qualitative Disclosures about Market Risk” sections in the Company’s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and all of its other filings with the U.S. Securities and Exchange Commission, as such risks, uncertainties and other important factors may be updated from time to time in the Company’s subsequent reports. Further, forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

    Contacts:
    Investor Relations
    Email: investorrelations@globalnetlease.com
    Phone: (332) 265-2020

    The MIL Network –

  • MIL-OSI: Defiance Launches ORCX, The First 2X Leveraged Single-Stock ETF on Oracle Corporation.

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Feb. 07, 2025 (GLOBE NEWSWIRE) — Defiance ETFs is proud to unveil ORCX, the first 2X long ETF for Oracle Corporation. ORCX seeks to provide 200% long daily targeted exposure to Oracle Corporation (NYSE: ORCL) (the “Underlying Security” or “ORCL”). Defiance’s single-stock ETFs provide leveraged exposure to disruptive companies without the need for a margin account.

    “Defiance is excited to launch ORCX, which seeks to provide amplified exposure to Oracle. Oracle’s Stargate initiative is a game-changer, enhancing multi-cloud connectivity and driving seamless data integration across platforms. This innovation enhances Oracle’s position in enterprise AI and cloud infrastructure, presenting a potential growth avenue for investors interested in the evolving tech landscape,” said Sylvia Jablonski, CEO of Defiance ETFs.

    The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues a daily leveraged investment objective, which means that the Fund is riskier than alternatives that do not use leverage because the Fund magnifies the performance of its Underlying Security. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if the Underlying Security’s performance is flat, and it is possible that the Fund will lose money even if the Underlying Security’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day.

    An investment in the ETF is not an investment in Oracle Corporation.

    About Defiance ETFs

    Founded in 2018, Defiance is at the forefront of ETF innovation. Defiance is a leading ETF issuer specializing in thematic, income, and leveraged ETFs.

    Our first-mover leveraged single-stock ETFs empower investors to take amplified positions in high-growth companies, providing precise leverage exposure without the need to open a margin account.

    Important Disclosures

    The fund attempts to provide daily investment results that correspond to two times (200%) the share price performance of an underlying exchange-traded fund (an “Underlying Security”). The Fund is not intended to be used by, and are not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund is very different from most mutual funds and exchange-traded funds. The Fund may not achieve investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Underlying Security, and may return substantially less during such periods. During such periods, the Fund’s actual leverage levels may differ substantially from its intended target, both intraday and at the close of trading, potentially resulting in significantly lower returns.

    The Fund’s investment adviser will not attempt to position a Fund’s portfolio to ensure that the Fund does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, if an Underlying Security’s share price referenced by a Fund decreases by more than 50% on a given trading day, the corresponding Fund’s investors could lose all of their money.

    Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”).

    The Funds’ investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company. Please read carefully before investing. A hard copy of the prospectuses can be requested by calling 833.333.9383.

    Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. A portfolio concentrated in a single industry or country, may be subject to a higher degree of risk.

    Underlying Security Risk. The Fund invests in swap contracts and options that are based on the share price of ORCL. This subjects the Fund to certain of the same risks as if it owned shares of ORCL, even though it does not.

    Indirect Investment in ORCL Risk. ORCL is not affiliated with the Trust, the Fund, or the Adviser, or their respective affiliates and is not involved with this offering in any way and has no obligation to consider your Shares in taking any corporate actions that might affect the value of Shares.

    ORCL Trading Risk. The trading price of ORCL may be subject to volatility and could experience wide fluctuations due to various factors. Short sellers may also play a significant role in trading ORCL, potentially affecting the supply and demand dynamics and contributing to market price volatility. Public perception and external factors beyond the company’s control may influence ORCL’s stock price disproportionately.

    ORCL Performance Risk. ORCL may fail to meet its publicly announced guidelines or other expectations about its business, which could cause the price of ORCL to decline. ORCL provides guidance regarding its expected financial and business performance, such as projections regarding sales and production, as well as anticipated future revenues, gross margins, profitability and cash flows. Correctly identifying key factors affecting business conditions and predicting future events is inherently an uncertain process, and the guidance ORCL provides may not ultimately be accurate.

    Software Industry Risk. The software industry can be significantly affected by intense competition, aggressive pricing, technological innovations, and product obsolescence. Companies in the software industry are subject to significant competitive pressures, such as aggressive pricing, new market entrants, competition for market share, short product cycles due to an accelerated rate of technological developments and the potential for limited earnings and/or falling profit margins.

    Operations and Business Risks. ORCL may be unsuccessful in developing and selling new products and services, integrating acquired products and services and enhancing its existing products and services.

    Data Security Risks. If ORCL’s security measures for its products and services are compromised and as a result, its data, its customers’ data or its IT systems are accessed improperly, made unavailable, or improperly modified, ORCL’s products and services may be perceived as vulnerable, its brand and reputation could be damaged, the IT services ORCL provides to its customers could be disrupted, and customers may stop using ORCL’s products and services, any of which could reduce ORCL’s revenue and earnings, increase its expenses and expose it to legal claims and regulatory actions.

    Intellectual Property Risks. ORCL relies on copyright, trademark, patent and trade secret laws, confidentiality procedures, controls and contractual commitments to protect its intellectual property. Despite ORCL’s efforts, these protections may be limited.

    Leverage Risk. The Fund obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. An investment in the Fund is exposed to the risk that a decline in the daily performance of the Underlying Security will be magnified.

    High Portfolio Turnover Risk. Daily rebalancing of the Fund’s holdings pursuant to its daily investment objective causes a much greater number of portfolio transactions when compared to most ETFs.

    Liquidity Risk. Some securities held by the Fund may be difficult to sell or be illiquid, particularly during times of market turmoil. Markets for securities or financial instruments could be disrupted by a number of events, including, but not limited to, an economic crisis, natural disasters, epidemics/pandemics, new legislation or regulatory changes inside or outside the United States.

    Derivatives Risk. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, leverage, imperfect daily correlations with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from two times (200%) the Underlying Security’s performance, before the Fund’s management fee and other expenses.

    Fixed Income Securities Risk. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security, may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Diversification does not ensure a profit nor protect against loss in a declining market.

    Brokerage Commissions may be charged on trades.

    Distributed by Foreside Fund Services, LLC

    Contact Information:

    David Hanono

    833.333.9383
    info@defianceetfs.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9a2f6854-1043-4edc-8250-60065d17e319

    The MIL Network –