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Category: Business

  • MIL-OSI: FirstCash Announces Settlement of CFPB Litigation Related to Military Lending Act

    Source: GlobeNewswire (MIL-OSI)

    FORT WORTH, Texas, July 11, 2025 (GLOBE NEWSWIRE) — FirstCash Holdings, Inc. (“FirstCash” or the “Company”) (Nasdaq: FCFS), a leading international operator of over 3,000 retail pawn stores in the U.S. and Latin America, today announced that it has reached a settlement with the Consumer Financial Protection Bureau (“CFPB”) regarding alleged violations of the Military Lending Act.

    Rick Wessel, CEO of FirstCash, stated, “We are pleased to have reached this agreement with the CFPB. While we disagree with the CFPB’s allegations regarding our military lending practices, we believe that agreeing to this settlement and putting this matter behind us is the best path forward for the Company. We remain committed to  best meeting the needs of our customers, including members of the military and their families, and to continue providing excellent service.”

    As part of the settlement, which remains subject to final court approval, FirstCash has agreed to offer a new pawn lending product for covered members of the U.S. military and their immediate families and dependents. Additionally, the Company will pay consumer redress in fees or principal returned to affected customers, which is estimated to be between $5 million and $7 million, and a $4 million fine to the CFPB victims relief fund. The financial impact of the settlement will be reflected in the Company’s GAAP financial results for the second quarter of 2025.

    About FirstCash

    FirstCash is a leading international operator of pawn stores focused on serving cash and credit-constrained consumers. FirstCash’s more than 3,000 pawn stores in the U.S. and Latin America buy and sell a wide variety of jewelry, electronics, tools, appliances, sporting goods, musical instruments and other merchandise, and make small non-recourse pawn loans secured by pledged personal property. FirstCash’s pawn segments in the U.S. and Latin America currently account for approximately 80% of annualized segment earnings, with the remainder provided by its wholly owned subsidiary, AFF, which provides lease-to-own and retail finance payment solutions for consumer goods and services.

    FirstCash is a component company in both the Standard & Poor’s MidCap 400 Index® and the Russell 2000 Index®. FirstCash’s common stock (ticker symbol “FCFS”) is traded on the Nasdaq, the creator of the world’s first electronic stock market. For additional information regarding FirstCash and the services it provides, visit FirstCash’s websites located at http://www.firstcash.com and http://www.americanfirstfinance.com.

    For further information, please contact:
    Gar Jackson
    Global IR Group
    Phone: (817) 886-6998
    Email: gar@globalirgroup.com

    Doug Orr, Executive Vice President and Chief Financial Officer
    Phone: (817) 258-2650
    Email: investorrelations@firstcash.com
    Website: investors.firstcash.com

    The MIL Network –

  • MIL-OSI USA: Cortez Masto Secures More than $5 Million to Increase the Supply of Affordable Housing in Nevada

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto
    Washington, D.C. – U.S. Senator Catherine Cortez Masto (D-Nev.) secured $5.1 million from the Federal Home Loan Bank (FHLBank) of San Francisco to assist with the construction or preservation of 273 affordable housing units in Nevada. This funding follows a push by Cortez Masto to ensure that the FHLBank of San Francisco live up to its mission of funding housing for working families and supporting community development.
    “I appreciate that the Federal Home Loan Bank of San Francisco continues to support the Nevada Targeted Fund,” said Senator Cortez Masto. “I’m proud of the partnership that we have built with the Bank to address housing needs in the Silver State, and I will continue to seek opportunities for the FHLBank to use its resources to meet more of our housing and community development needs.”
    “The shortage of affordable housing is one of the most pressing challenges our country faces, and the need is especially acute in Nevada,” said Joseph E. Amato, interim president and CEO of FHLBank San Francisco. “As one of the nation’s least densely populated states, Nevada is home to a wide range of communities — urban, rural, and tribal — all experiencing significant housing challenges. We’re proud to support five impactful projects across the state that will help address this crisis and expand access to affordable housing.”
    The FHLBank will provide gap funding for the following projects:
    Construction of Visions Park (Blind Center of Nevada): A 100-unit affordable housing complex in Las Vegas for people who are blind and visually impaired. ($1,250,000 grant)
    Expansion of Hoving Home Las Vegas (Walter Hoving Home, Inc.): A residential non-profit organization serving women recovering from addiction. ($1,250,000 grant)
    Construction of PuraVida Senior Living (Foresight Housing Partners): A 74-unit, 14-building affordable housing community in North Las Vegas for seniors. ($1,117,295 grant)
    Construction of Southern Pines (Nevada H.A.N.D. Inc.): A 240-unit affordable housing complex in Las Vegas for low-income families. ($960,000 grant)
    Construction of The Gen Den Intergenerational Housing (Truckee Meadows Housing Solutions):Affordable housing for young adults and seniors in Reno. ($500,000 grant)
    Throughout her time representing Nevada, Senator Cortez Masto has made reforming the FHLBanks a cornerstone of her work. Senator Cortez Masto has highlighted the fact that Nevada has been treated unfairly by the system. She sought critical investment in Nevada by the FHLBank of San Francisco, resulting in the first-in-the nation targeted Affordable Housing Program for the state.
    Following a 2022 letter Senator Cortez Masto sent to Federal Housing Finance Agency (FHFA) Director Sandra Thompson, the FHFA announced a review of the Federal Home Loan Bank system. In late 2023, the FHFA released a comprehensive report calling for mission-focused reform of the FHLBanks. Last year, Cortez Masto sent letters to each of the 11 FHLBanks urging them to contribute at least 20% of their net income to affordable housing and other community grant programs.
    In response to years of Senator Cortez Masto’s work, the FHLBank of San Francisco has increased its investment in Nevada, including by making this $5.1 million award and supporting other investments. Earlier this year, the senator secured a $10 million investment from the FHLBank of San Francisco into the Nevada Housing Division’s (NHD) single-family bond program. Thanks to pressure by Cortez Masto, the FHLBank System also invested $528 million in voluntary contributions for housing and economic development across the country in 2024, less than the Senator and others requested but more than the minimum from prior years. Senator Cortez Masto maintains that the FHLBanks should use their resources to meet their mission requirements by financing housing and community development projects nationwide.  

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to Michigan Small Businesses and Private Nonprofits Affected by Frost and Freeze

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Michigan of the Aug. 11 deadline to apply for low interest federal disaster loans to offset economic losses caused by frost and freeze occurring on Jan. 15-March 21, 2024.  

    The disaster declaration covers the Michigan counties of Berrien, Cass, Van Buren as well as Indiana counties of LaPorte and St. Joseph.  

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

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

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”  

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

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

    The deadline to return economic injury applications is Aug. 11, 2025.

    ###

    About the U.S. Small Business Administration

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

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to Michigan Small Businesses and Private Nonprofits Affected by Drought and Excessive Heat

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Michigan of the Aug. 11 deadline to apply for low interest federal disaster loans to offset economic losses caused by drought and excessive heat occurring July 28, 2024.

    The disaster declaration covers the Michigan counties of Alcona, Alpena, Cheboygan, Crawford, Iosco, Montmorency, Ogemaw, Osconda, Otsego and Presque Isle.

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

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

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”  

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

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

    The deadline to return economic injury applications is Aug 11, 2025.

    ###

    About the U.S. Small Business Administration

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

    MIL OSI USA News –

  • MIL-OSI Canada: Minister’s statement on the official opening of Dome Mountain gold mine

    Source: Government of Canada regional news

    Jagrup Brar, Minister of Mining and Critical Minerals, has released the following statement in recognition of the official opening of Dome Mountain mine:

    “I want to celebrate a special occasion. The Dome Mountain mine is officially commencing operations. I am thrilled to congratulate Blue Lagoon Resources, a mining company proudly focused on British Columbia, on this significant achievement for the industry.

    “The Dome Mountain mine will create jobs in surrounding communities, strengthening the local economy and will support small businesses and services in the area. This project is a reminder that even amid global economic headwinds, B.C.’s vibrant mineral-exploration and mining sector is pushing forward, bringing stability, prosperity and sustainability to our province.

    “As government, supporting responsible mining projects like this one is a key priority, projects that place safety, sustainability and partnerships at their core. This mine is an example of modern, environmentally conscious development, with innovative, underground waste-storage systems designed to minimize surface impact.

    “This milestone also represents a meaningful step forward in reconciliation, made possible through the collaborative efforts of the Province and the Lake Babine Nation. Under the Lake Babine Foundation Agreement, both parties agreed to jointly review major mining applications, such as the Dome Mountain Mine Restart Application. This was the first implementation of the Lake Babine Nation Foundation Agreement for a mining project.

    “The mineral-exploration and mining sector is a cornerstone of B.C.’s economy, supporting approximately 40,000 jobs in the province. It plays a vital role in driving economic growth and shaping a shared, prosperous future. Today, numerous critical-mineral and mining projects are advancing in B.C. with the potential to generate tens of billions of dollars in investment and create thousands of jobs, from Highland Valley Copper and Red Chris to Eskay Creek and Mount Milligan. I also want to highlight the Blackwater mine as a new mine that is now officially open. These projects underscore B.C.’s leadership in clean, innovative and responsible mining.

    “Once again, congratulations Blue Lagoon Resources. This is a proud moment for your team, for this region and for all of B.C.”

    MIL OSI Canada News –

  • MIL-OSI Canada: Minister’s statement on the official opening of Dome Mountain gold mine

    Source: Government of Canada regional news

    Jagrup Brar, Minister of Mining and Critical Minerals, has released the following statement in recognition of the official opening of Dome Mountain mine:

    “I want to celebrate a special occasion. The Dome Mountain mine is officially commencing operations. I am thrilled to congratulate Blue Lagoon Resources, a mining company proudly focused on British Columbia, on this significant achievement for the industry.

    “The Dome Mountain mine will create jobs in surrounding communities, strengthening the local economy and will support small businesses and services in the area. This project is a reminder that even amid global economic headwinds, B.C.’s vibrant mineral-exploration and mining sector is pushing forward, bringing stability, prosperity and sustainability to our province.

    “As government, supporting responsible mining projects like this one is a key priority, projects that place safety, sustainability and partnerships at their core. This mine is an example of modern, environmentally conscious development, with innovative, underground waste-storage systems designed to minimize surface impact.

    “This milestone also represents a meaningful step forward in reconciliation, made possible through the collaborative efforts of the Province and the Lake Babine Nation. Under the Lake Babine Foundation Agreement, both parties agreed to jointly review major mining applications, such as the Dome Mountain Mine Restart Application. This was the first implementation of the Lake Babine Nation Foundation Agreement for a mining project.

    “The mineral-exploration and mining sector is a cornerstone of B.C.’s economy, supporting approximately 40,000 jobs in the province. It plays a vital role in driving economic growth and shaping a shared, prosperous future. Today, numerous critical-mineral and mining projects are advancing in B.C. with the potential to generate tens of billions of dollars in investment and create thousands of jobs, from Highland Valley Copper and Red Chris to Eskay Creek and Mount Milligan. I also want to highlight the Blackwater mine as a new mine that is now officially open. These projects underscore B.C.’s leadership in clean, innovative and responsible mining.

    “Once again, congratulations Blue Lagoon Resources. This is a proud moment for your team, for this region and for all of B.C.”

    MIL OSI Canada News –

  • MIL-OSI USA: Wyden, Colleagues Lead Amicus Brief Challenging Trump Administration Abuse of Emergency Powers to Impose Tariffs

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)

    July 11, 2025

    Washington, D.C. — U.S. Senators Ron Wyden, D-Ore., said today he is leading Senate and House colleagues in filing an amicus brief in a key case, Oregon, et al., v. Trump, et al., challenging the Trump Administration’s abuse of emergency powers to impose tariffs. 

    The brief opposes the Administration’s use of the International Emergency Economic Powers Act (IEEPA) to levy sweeping tariffs as IEEPA is not a tariff statute.

    In June, Wyden and Senators Jeanne Shaheen, D-N.H., and Chuck Schumer, D-N.Y., Senate Democratic Leader, led 33 senators including Senator Jeff Merkley, D-Ore., in filing an amicus brief at an earlier stage of this case urging the immediate suspension of the tariffs imposed under IEEPA. However, the Federal Circuit declined to suspend the illegal tariffs while it considers the merits of the appeal. 

    “This isn’t a close call – IEEPA doesn’t give the president ANY tariff authority, let alone the power to slap sweeping tariffs on products from almost every country on earth,” said Wyden,  Ranking Member of the Senate Finance Committee,. “The courts should strike down Trump’s illegal tariffs, which are hiking prices for American families and threatening American jobs.” 

    “IEEPA contains none of the hallmarks of legislation delegating tariff power to the executive such as limitations tied to specific products or countries, caps on the amount of tariff increases, procedural safeguards, public input, collaboration with Congress, or time limitations,” the lawmakers wrote. “In the five decades since IEEPA’s enactment, no President from either party, aside from the current President, has ever claimed that IEEPA conferred any authority to impose tariffs.” 

    “Unmoored from the structural safeguards Congress built into actual tariff statutes, the President’s unlawful ’emergency’ tariffs under IEEPA have led to chaos and uncertainty,” the lawmakers continued. 

    “This is dysregulation, not delegation,” the lawmakers concluded. “The President’s actions are not consistent with the lawful power Congress granted in IEEPA in 1977 nor America’s constitutional structure. If the President believes that imposing, removing, or amending tariffs are an appropriate policy measure, Congress has given him tools to pursue those goals. But IEEPA is not one of them. This Court should affirm the CIT’s judgment and hold that IEEPA does not authorize tariffs.”

    In addition to Wyden, this latest amicus brief was led by Shaheen, Ranking Member of the Senate Foreign Relations Committee, and Representatives Hakeem Jeffries, D-N.Y., Minority Leader of the U.S. House of Representatives, Gregory W. Meeks, D-N.Y., Ranking Member of the House Foreign Affairs Committee, Joe Neguse, D-Colo., Chair of the House Democrats’ Litigation Task Force, Jamie Raskin, D-Md., Ranking Member of the House Judiciary Committee, and Richard E. Neal, D-Mass., Ranking Member of the House Ways and Means Committee.

    The full text of the brief is here.

    MIL OSI USA News –

  • MIL-OSI United Nations: New Permanent Representative of Grenada Presents Credentials

    Source: United Nations General Assembly and Security Council

    The new Permanent Representative of Grenada to the United Nations, Ingrid Jackson, presented her credentials to UN Secretary-General António Guterres today.

    (As provided by the Protocol and Liaison Service)

    PROFILE

    Diverse and multifaceted individual, possessing a unique blend of expertise in both the private sector and public service, and leveraging my experience to effectively navigate complex socio- economic, cultural, and political landscapes

    EXPERIENCE

    Kingdom Homes
    CEO
    2019 – PRESENT
    •     Developed and implemented effective business strategies to drive revenue growth, optimize operational efficiency, and enhance customer satisfaction. • Conducted market research and analysis to identify new business opportunities and drive marketing initiatives.

    RESNET
    Director, Finance
    2016 -2019
    •     Developed and implemented financial strategies to drive profitability, cost control, and efficient resource allocation. • Implemented internal controls and compliance measures to ensure accurate financial reporting and adherence to regulatory requirements.

    EJIS LLC
    Managing Director
    2013 -2016
    •     Collaborated with cross-functional teams to develop and execute strategic initiatives, aligning financial objectives with organizational goals. • Built and maintained strong relationships with clients, vendors, and partners to foster business development and strategic alliances.

    Government of Grenada
    Ambassador for Diaspora Affairs
    2012 -2013
    •     Engaged with the diaspora community to promote cultural ties, economic connections, and political cooperation. • Organized events and initiatives to strengthen national identity among expatriates and encourage their participation in the host country’s civic and economic activities during Homecoming 2012.

    Attache to the OAS
    2008 -2011
    •     Represented the interests of Grenada in foreign affairs and facilitated diplomatic relations with hemispheric nations • Engaged in diplomatic negotiations, including mediating conflicts and facilitating agreements. • Fostered cross-cultural understanding and public diplomacy initiatives

    SKILLS

    •     Strategic Planning
    •     Critical Thinking
    •     Solutions Provision
    •     Project management
    •     Integrated technologies

    EDUCATION

    2010 -2013  Walden University
    PhD Public Policy & Administration, ABD
    Concentration: Public Administration & Leadership (GPA:4.0)

    2007 – 2009 Andrews University
    MBA

    2003 – 2006 Andrews University
    BSc Business Education Graduated Summa Cum Laude

    PROFESSIONAL TRAINING & MEMBERSHIP

    Covenant University 2024
    African Leadership Development Center
    Professional Leadership Diploma

    The National Association of Women in Construction

    National Association of Realtors

    SERVICE

    2024 – Present Interim Chair, Dorcas Foundation

    2023 – Present Minister, Winners Chapel Intl. GND

    MIL OSI United Nations News –

  • MIL-OSI Security: San Antonio Man Arrested for Alleged Facebook Threat Against President Trump Ahead of Friday’s Visit to Texas Hill Country

    Source: Office of United States Attorneys

    SAN ANTONIO – A San Antonio man was arrested Thursday night in San Antonio on criminal charges related to his alleged threat against the President of the United States.

    According to court documents, Robert Herrera, 52, commented on a San Antonio news outlet’s July 10 Facebook post pertaining to President Donald Trump’s planned visit to the Texas Hill Country. Using the handle, “Robert Herrer,” Herrera allegedly commented, “I won’t miss,” along with a photo depicting President Trump surrounded by U.S. Secret Service agents immediately after the July 13, 2024, assassination attempt in Butler, Pennsylvania. The criminal complaint alleges that a separate Facebook poster replied to “Robert Herrer” stating, “you won’t get the chance, I promise,” to which “Robert Herrer” responded to, “I’ll just come for you.” Accompanying that statement, “Robert Herrer” included a photo of an assault rifle and loaded magazines.

    Herrera was arrested the same day and is facing a federal charge of making threats against the President and interstate threatening communications. If convicted, he faces up to five years in prison for each charge. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    “This case is an example of great cooperation between federal, state, and local law enforcement partners committed to taking down anyone who would threaten the life of the President or anyone else,” said U.S. Attorney Justin R. Simmons for the Western District of Texas. “I want to thank Chief McManus and his team at SAPD for their swift response to this threat. To be clear, these types of threats will not be taken lightly, and we will always take a swift, aggressive approach, as was done here.”

    “I would like to thank the San Antonio Police Department and the FBI San Antonio Field Office for assisting the U.S. Secret Service in this matter,” said Special Agent in Charge Brian J. Gibson for the U.S. Secret Service San Antonio Field Office. “Investigating threats towards individuals under Secret Service protection are treated as our highest priority. This is one of the countless reasons the Secret Service prides ourselves on forging and maintaining relationships with other law enforcement agencies. As this is an ongoing investigation, the Secret Service will have no further comment on this incident.”

    “While the FBI fully supports and defends every American’s right to free speech, it is important to understand that threatening violence against any individual is not constitutionally protected speech, it is a federal crime,” said Special Agent in Charge Aaron Tapp of the FBI’s San Antonio Field Office. “We take all threats to human life with the utmost seriousness, and we urge others to do the same. We would like to thank the United States Secret Service, the San Antonio Police Department, the Texas Department of Public Safety, and the United States Attorney’s Office for their tremendous partnership in addressing this threat against the President. We urge all members of the public to express their views peacefully and respectfully in a manner consistent with the values that define our nation.”

    “SAPD remains committed to working alongside our federal partners to ensure that threats of violence are taken seriously and addressed quickly,” said Chief William McManus for the San Antonio Police Department. “I want to commend the individual who reported the threatened violence against POTUS. Law enforcement cannot do this job without the assistance of our community.”

    The U.S. Secret Service, FBI, and San Antonio Police Department are investigating the case with assistance from the Texas Department of Public Safety.

    Assistant U.S. Attorney Mark Roomberg is prosecuting the case.

    A criminal complaint is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    ###

    MIL Security OSI –

  • MIL-OSI Security: Former Banker Arrested for Allegedly Obtaining $2.7 Million in COVID Business-Relief Funds Using Stolen IDs of Disabled Persons

    Source: US FBI

    LOS ANGELES – A former Wells Fargo & Co. banker and his brother have been arrested on an eight-count federal grand jury indictment alleging they schemed to fraudulently obtain more than $2.7 million in taxpayer-funded COVID-19 relief funds and federally-guaranteed small business loans, including by submitting applications using the stolen identities of developmentally disabled persons who lived in long-term care facilities, the Justice Department announced today. 

    Norayr Madadi, 40, of Burbank, and Vazrik Madadi, 44, of Glendale, were arrested Wednesday morning.

    Both men are charged with one count of conspiracy to commit wire fraud, two counts of wire fraud, and three counts of money laundering. Norayr Madadi is separately charged with one count of aggravated identity theft and one count of making a false statement to a government agent.

    They pleaded not guilty at their arraignment Wednesday afternoon in United States District Court in Los Angeles. A federal magistrate judge ordered Norayr Madadi released on $25,000 bond, ordered Vazrik Madadi released on $50,000 bond, and scheduled a September 2 trial date.

    According to the indictment returned on June 17 and unsealed Wednesday, Norayr Madadi was a banker at Wells Fargo and opened fraudulent accounts in the names of shell companies and persons including using stolen and fictious identities.

    From March 2020 through April 2021, the defendants obtained millions in Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDL) loans by submitting loan applications with false statements about revenues, operations, and employees. The defendants used fake and stolen identities to further the fraudulent scheme, including the stolen identities of two victims who are developmentally disabled and live in long-term care facilities.

    The Small Business Administration (SBA) and PPP participating lenders disbursed the loans into bank accounts controlled by the defendants, including the Wells Fargo bank accounts opened by Norayr Madadi. The Madadi brothers allegedly spent the loan proceeds at casinos, paying for luxury cars and jewelry, and cash withdrawals.

    Law enforcement believes the losses caused by this scheme are approximately $2.7 million.

    An indictment contains allegations that a defendant has committed a crime. Every defendant is presumed to be innocent until and unless proven guilty in court.

    If convicted, each defendant would face a statutory maximum sentence of 20 in federal prison for each wire fraud-related count and up to 10 years in federal prison for each money laundering count. Norayr Madadi would face up to five years in federal prison if convicted of the false statements count and would face a mandatory two-year consecutive prison term if convicted of the aggravated identity theft count.

    The FBI is investigating this matter. 

    Assistant United States Attorney Jason Pang of the General Crimes Section is prosecuting this case, with substantial assistance from Assistant United States Attorney Ryan Waters of the Asset Forfeiture and Recovery Section.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at (866) 720-5721 or via the NCDF Web Complaint Form at https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    MIL Security OSI –

  • MIL-OSI USA: SBA Relief Still Available to Michigan Small Businesses and Private Nonprofits Affected by Excessive Rain and Flash Flooding

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Michigan of the Aug. 11 deadline to apply for low interest federal disaster loans to offset economic losses caused by excessive rain and flash flooding occurring on July 9-10, 2024.  

    The disaster declaration covers the Michigan counties of Genesee, Lapeer, Macomb, Oakland, Sanilac, St. Clair and Tuscola.

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

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

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”  

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

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

    The deadline to return economic injury applications is Aug. 11, 2025.

    ###

    About the U.S. Small Business Administration

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

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Hoyle Joins Oregon Delegation to Urge Release of Critical Fishery Disaster Funding

    Source: US Representative Val Hoyle (OR-04)

    July 11, 2025

    Lawmakers press the Trump Administration to act quickly to unlock $7 million intended to help Oregon’s ocean commercial fishermen recover from significant economic losses from declining salmon populations

    For Immediate Release: July 11, 2025 

    EUGENE, OR – Oregon’s U.S. Representative Val Hoyle (OR-04), alongside U.S. Senators Ron Wyden and Jeff Merkley and Reps. Suzanne Bonamici (OR-01), Andrea Salinas (OR-06), Maxine Dexter (OR-03), and Janelle Bynum (OR-05) pressed the Trump Administration to release the $7,050,722 that was allocated to Oregon for the catastrophic regional fishery disaster that was declared for the Oregon Chinook salmon commercial ocean fisheries in the state for 2018, 2019, and 2020.

    The Pacific States Marine Fisheries Commission (PSMFC) resubmitted their spending plan for funds allocated by the U.S. Department of Commerce in October 2024, but their final revised application has gone without a response from the Trump Administration for the last several months, delaying much needed funding for Oregon’s fishermen.

    The Oregon lawmakers are urging Office of Management and Budget Director Russell Vought to promptly review and act upon the PSMFC’s application without further delay to help the state’s ocean commercial fishermen and coastal economies recover from the significant toll of declining salmon populations.

    “Oregon salmon and salmon fisheries are an invaluable cultural, economic, and ecological resource in our state. Salmon are highly valued by Native American tribes in the Pacific Northwest for cultural, subsistence, and economic benefits,” wrote the lawmakers.

    The impact salmon loss has on Oregon’s economy cannot be understated, as the state’s commercial fishing industry generates more than $640 million in economic activity each year, equivalent to 9,200 jobs.

    The lawmakers pressed this fact to Director Vought: “Additionally, the commercial salmon industry is a significant economic driver for rural communities on the Oregon Coast, generating millions of dollars in economic output. Sadly, our salmon fisheries have faced significant obstacles over the last decade which have resulted in significant fishery declines.”

    As the Oregon delegation continues to hear from concerned constituents in Oregon’s coastal communities and fisheries, they are requesting Director Vought provide responses to the following questions by August 1, 2025:

    1. Does the Office of Management and Budget require additional information to process the application submitted by the PSMFC?

    2. Will the Office of Management and Budget commit to promptly reviewing the application resubmitted by PSMFC in a timely manner and to apportion and obligate funding to the designated amount of $7,050,722 for the declared disaster?

    “We look forward to a timely disbursal of these critical funds to assist Oregon’s commercial salmon industry and await your response,” the lawmakers closed.

    Full text of the Oregon delegation’s letter can be found HERE.

    ###

    MIL OSI USA News –

  • MIL-OSI: Privacy Tech Pioneer Jeffry Jared Davies Expands xShield Global Reach with Multi-Language Security Platform

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 11, 2025 (GLOBE NEWSWIRE) — Serial entrepreneur Jeffry Jared Davies has successfully launched xShield, a groundbreaking consumer privacy SAAS platform now available in more than eight languages worldwide. The comprehensive security software, accessible through both the Apple App Store and Google Play Store, represents a major breakthrough in making advanced cybersecurity tools accessible to everyday consumers across global markets.

    Davies, who has been pioneering digital innovation for over 25 years, co-founded xShield to address the growing need for user-friendly, comprehensive online security solutions. The platform consolidates multiple security features into a single, intuitive interface, eliminating the complexity that has traditionally made robust cybersecurity inaccessible to average consumers. With its multi-language support and cross-platform availability, xShield is positioned to serve millions of users worldwide who require reliable digital protection without technical expertise.

    The entrepreneur’s journey began at age 23, fresh from graduate school, when he founded one of the first consumer-facing mobile application portals. This early venture demonstrated his prescient understanding of mobile technology’s potential, years before smartphones became ubiquitous. His pioneering work in mobile platforms laid the foundation for a diverse portfolio spanning multiple high-growth technology sectors.

    Throughout his career, Davies has successfully founded and operated multiple iterations of i-gaming companies, establishing himself as a leader in digital entertainment technology. His expertise extends into the financial technology sector, where he has developed successful SAAS companies focused on payment solutions. This diverse background in mobile technology, gaming platforms, and financial systems has uniquely positioned him to understand the security challenges facing modern consumers across different digital touchpoints.

    Currently serving on the boards of three companies across various sectors, Davies brings strategic oversight and entrepreneurial insight to organizations beyond his own ventures. His European base provides valuable perspective on international privacy regulations and global technology adoption patterns, informing xShield’s development for worldwide markets.

    The xShield platform represents the culmination of Davies’ 25-year expertise in consumer technology. By integrating advanced security features typically found in enterprise solutions into a consumer-friendly package, the software addresses a critical gap in the cybersecurity market. Users can access comprehensive protection through a single application, eliminating the need to manage multiple security tools or navigate complex technical configurations.

    Recent developments include expanded language support to serve diverse international markets and continued enhancement of the platform’s security capabilities. The software’s availability on major mobile app stores ensures easy access for consumers worldwide, while its intuitive design makes advanced cybersecurity accessible to users regardless of technical background.

    “We created xShield because consumers deserve enterprise-level security without enterprise-level complexity,” said Davies. “After 25 years of building technology platforms, I’ve seen how the gap between available security tools and user accessibility has grown. xShield bridges that gap by delivering comprehensive protection through elegant, user-friendly design.”

    Looking ahead, Davies continues to focus on expanding xShield’s global reach while developing new features that anticipate evolving cybersecurity threats. His commitment to democratizing digital security reflects a broader vision of technology serving everyday users rather than requiring specialized expertise.

    About xShield xShield is a comprehensive consumer privacy SAAS platform available in multiple languages worldwide. The software provides advanced online security features through an intuitive interface, available on iOS and Android platforms. For more information, visit xshield.com.

    Media Contact: 

    Shazir Mucklai 
    shazir-at-imperium-pr.com
    Imperium AI

    The MIL Network –

  • MIL-OSI USA: On Senate Floor, Murray Slams Rescissions Package, Warning Against Senselessly Abandoning Communities at Home and Leadership Abroad

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    FACT SHEET: Trump’s Rescission Package Would Gut Bipartisan Foreign Policy Investments

    FACT SHEET: Trump’s Rescission Package Would Devastate Local Public Radio, TV Stations Across America

    ICYMI: Vought Refuses to Rule Out More Illegal End-Runs Around Congress & Refuses to Detail How Trump Will Execute Cuts If Rescissions Bill Passes—Murray Urges Congress to Reject Package in its Entirety

    Murray on claims passing the bill is about fiscal responsibility: “You could cut the equivalent of this bill every single day, for an entire year, and it still would not match the cost of the billionaire tax cuts Republicans passed last week.”

    ***WATCH: Senator Murray’s floor remarks***

    Washington, D.C. – Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, delivered the following remarks on the Senate floor laying out the devastation President Trump’s rescission package would cause for local news stations nationwide and their emergency preparedness systems and underscoring how it will gut bipartisan foreign policy investments, ceding America’s global leadership—all while doing nothing to get our “fiscal house in order.”

    Senator Murray’s remarks, as delivered, are below:

    [HYPOCRISY ON DEBTS, DEFICITS, AND “FISCAL RESPONSIBILITY”]

    “Mr. President, last week Republicans made the wrong kind of history. That is because, last week, they passed what may well be the single most expensive piece of legislation in the history of our country—all to help the rich and hurt the poor. This should go in the Guinness Book of World Records.

    “And let’s not forget, the history doesn’t end there. Because they passed the biggest bill in the history of the Senate with the biggest gimmick in the history of the Senate—basically saying that trillions of dollars in tax cuts for billionaires are free.

    “This farce is only getting worse—because do you know what Republicans are turning to now? Do you know what the next order of business in the Senate is? They are going to take up President Trump’s request to slash local news and bipartisan foreign policy investments, in order to ‘balance the debt.’

    “That is a serious case of amnesia. Republicans just saddled the national credit card with a $4 trillion in debt—that’s trillions with a ‘T’—so they could give massive tax breaks to the richest people in the country. And they would have added even more to that debt if they didn’t cut over a trillion in health care and nutrition assistance for millions of Americans.

    “But now that it is passed, now that they’ve saddled the next generation with loads of debt to help billionaire donors, many Republicans want to return to talking now about ‘getting the nation’s fiscal house in order.’

    “Are you kidding me? Do you really think we don’t remember what just happened last week? Well thank goodness for C-SPAN, and we all should review the tape.

    “One week ago, Republicans were pretending trillions in debt for tax giveaways to their corporate buddies and mega donors was nothing—literally nothing.

    “And now, these same Republicans say local news, which provides crucial information in emergencies, is just too expensive to support.

    “Now, these same Republicans say we just can’t afford to continue lifesaving aid that prevents famine and epidemics.

    “Even though—keep in mind—we are talking about a sum total of less than 0.14 percent of our overall federal budget.

    “The irony is almost as rich as the corporate CEOs who made out like bandits in that big, awful, mess Republicans passed last week.

    [DEVASTATING CUTS TO PUBLIC BROADCASTING]

    “And this rescissions package is not just bad because many Republicans are trying to have it both ways on deficits and debt now. It’s just plain ole bad on the substance. These cuts would hurt our communities, and they hurt our country. 

    “Let’s start with local news. Republicans are trying to rip away investments that support over 1,500 local public TV and radio stations. These are stations that serve rural areas, and they give them local news you simply can’t find anywhere else.

    “Coverage that matters to people like what community events are coming up, how the school board is preparing for next year, weather and market reports for our farmers, not to mention emergency alerts when a disaster strikes.

    “You do not have to look hard to find an example of how important it is we get disaster warnings right. When the devastating wildfires hit southern California earlier this year, public radio broadcasts let millions of people know how to stay safe. When Hurricane Helene battered North Carolina, a local public radio station was the only source of information for many people. And, of course, the recent tragedy in Texas, and the flooding in New Mexico.

    “These were incredibly deadly floods—my heart goes out to all the families who are affected, especially those who lost loved ones. And my deep gratitude goes out to the first responders. I’m committed to helping these communities recover. To coming together like we always do as a nation after tragedy.

    “And while we learn more about what they needed, one thing all of our communities need, is strong emergency response systems. And one thing I can tell you, when dangers arise cutting local news stations, silencing trusted sources that can push out important warnings when cell towers fail, and your home internet connection goes out—that won’t make anything better.

    “And Mr. President, don’t even get me started on how this rescissions bill will hurt free, educational programming for countless kids. We’re talking about shows kids and parents love. But after saddling our country with trillions in debt for billionaires, many Republicans are saying there’s just not a penny left for our kids.

    “‘Sorry—we’re going to feed Big Bird to the Fat Cats.’

    “That’s the message Republicans are sending. This isn’t quite how they’d put it on Sesame Street, but America knows that message is brought to you by the letters BS. And it is so dangerously short sighted.

    “Talk to any parent, they will warn you: If Republican cuts end up canceling free, high-quality programming that is thoughtfully developed to get kids thinking and grow their curiosity, there’s an alarming amount of low-quality junk to fill that void. Content that is instead, carefully engineered to keep kids watching, and shorten their attention spans. 

    “Actually, you know what? It makes sense. Maybe getting our kids hooked on brain-rot TV is part of the Republican plan. After all, if our children are watching PBS, they might learn to count. And if our kids learn to count how will Republicans ever convince anyone that trillions of dollars in tax cuts are free?

    [GUTTING BIPARTISAN FOREIGN POLICY INVESTMENTS]

    “I know, let’s not forget President Trump wants Senate Republicans to rip up investments they themselves—they themselves—helped secure to advance America’s global leadership. Apparently being the leader of the free world is now just too expensive.

    “The reality of the matter is that these are investments are investments that pay off for our own country. From supporting American farmers and companies who provide the food assistance that saves lives; to stopping dangerous viruses and epidemics while they are still far overseas before they have a chance to threaten American lives; to preventing conflict, avoiding chaos and crisis that can cause a dangerous spiral; to strengthening our ties with key partners and defending our interests in international organizations.

    “We don’t just make these investments because they are the right thing to do, we do it because it is the smart thing to do for America.

    “But it’s worth saying Mr. President, it’s the right thing to do as well. And it is unthinkably wrong that this president is willing to shell out trillions for some of the richest people in the world, only to turn around and say that less than a penny a day is too expensive to protect hundreds of thousands of little girls from HIV.

    “It is wrong for Republicans to say, ‘oh we’ve got to get those corporate executives a big bonus,’ only to turn around and say: ‘oh we don’t really have to worry about the work our farmers do to help those starving kids.’

    “It is also foolish to think this is just a luxury, or charitable work. Our farmers know better. Americans who contract infectious diseases abroad know better. The companies in our states who work overseas to stabilize conflict-affected communities alongside DOD, they know better. It is bad strategy and a surefire way to hand China the upper hand.

    “But we cannot lose sight of the fact that it is just plain wrong.

    “Let’s be clear, if they cut this funding Republicans will not just be turning America away from the world, they will be turning the world away from America.

    “Do Republicans really want to cause needless suffering, or slash bipartisan funding, and break commitments we already made together to save a quick buck? Is America’s credibility so cheap to them?

    “They talk about peace through strength as if they are carrying on Ronald Reagan’s legacy. Reagan spent about half-a-percent of our GDP on foreign assistance. Today we spend less than half that. 

    “And keep in mind, the cuts proposed here are really, they are a drop in the bucket compared to the tsunami of spending and tax giveaways Republicans just passed. I mean, you could cut every single penny the U.S. has spent of foreign assistance since World War II and it would not add up to the cost of the tax cuts Republicans passed last week.

    [UNDERMINING BIPARTISAN APPROPRIATIONS PROCESS]

    “And that’s all saying nothing about how pushing this through won’t just cut bipartisan investments, it will cut out the heart of the basic principles that make bipartisan deals possible.

    “How are we supposed to negotiate a bipartisan deal if Republicans will turn around and put it through the shredder in a partisan vote. This entire package next week should be rejected outright. There is nothing about it that is serious—except for the threat it poses to our communities.

    “To suggest, even for a second, Republicans are doing this to address the debt is laughable. And I encourage the American people to laugh at anyone who pretends as much. Because you could cut the equivalent of this bill every single day, for an entire year, and it still would not match the cost of the billionaire tax cuts Republicans passed last week.

    “So, to my Republican colleagues, instead of doing Trump’s dirty work, instead of doing Russell Vought’s bidding, let’s do our jobs. Reject these partisan cuts to bipartisan funding, turn our focus squarely to the job ahead—writing bipartisan full funding appropriations bills.

    “And you know what? If there’s a discrete pot of funding that is not being spent well, if there are cuts that makes sense to include, if there are things that need to be updated, things that need to be reformed, let’s a have a conversation about what makes sense to rescind and improve as we write those bills in committee—the way we’ve always done.

    “My Democratic colleagues and I have said for months we are willing to discuss rescissions in our bipartisan spending bills. We have done this in a bipartisan fashion for years—no matter who is in the White House, or which party has had the majority in either chamber. 

    “My commitment to Chair Collins and my colleagues on other side of the aisle remains the same. I’m willing to work with you to include rescissions in our bipartisan spending bills as we continue to work on the fiscal year 2026 process. 

    “Instead of moving forward with this partisan rescission package, let’s reject that package and have these discussions and work together. Let’s move forward on the bipartisan appropriations process and address all of those decision there.”

    MIL OSI USA News –

  • MIL-OSI: Dundee Corporation Announces Acquisition of Shares of Bulgold Inc.

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 11, 2025 (GLOBE NEWSWIRE) — In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) (“Dundee” or the “Corporation”) announces that its wholly owned subsidiary, Dundee Resources Limited, has acquired via a private placement 1,454,553 common shares of Bulgold Inc. (TSXV – ZLTO) (the “Issuer”) at the price of C$0.05 per share for aggregate consideration of C$72,727.65.

    Immediately prior to the acquisition of securities described in this news release, Dundee and its affiliates owned 3,253,967 common shares and 833,333 warrants, representing an approximate 11.79% interest in the Issuer on an undiluted basis and a 14.38% interest in the Issuer on a partially diluted basis. Immediately following the transaction that triggered the requirement to file this news release, Dundee and its affiliates own or control an aggregate of 4,708,520 common shares and 833,333 warrants, representing an approximate 9.58% interest in the Issuer on an undiluted basis and a 11.09% interest in the Issuer on a partially diluted basis.

    Dundee acquired the securities of the Issuer for investment purposes only. Dundee intends to review, on a continuous basis, various factors related to its investment, including (but not limited to) the price and availability of the securities of the Issuer, subsequent developments affecting the Issuer or its business, and the general market and economic conditions. Based upon these and other factors, Dundee may decide to purchase additional securities of the Issuer or may decide in the future to sell all or part of its investment.

    This news release is being issued in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report. The early warning report respecting the acquisition will be filed on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com under the Issuer’s profile. To obtain a copy of the early warning report filed by Dundee, please contact:

    Dundee Corporation
    Legal Department
    80 Richmond Street West, Suite 2000
    Toronto, Ontario M5H 2A4
    Tel: (416) 365-5172

    ABOUT DUNDEE CORPORATION

    Dundee Corporation is a public Canadian independent mining-focused holding company, listed on the Toronto Stock Exchange under the symbol “DC.A”. The Corporation is primarily engaged in acquiring mineral resource assets. The Corporation operates with the objective of unlocking value through strategic investments in mining projects globally. Our team conducts due diligence in order to assess the geological, technical, environmental, and financial merits and risks of each project and looks to deploy capital where it can either seek to generate investment returns or where the Corporation can collaborate with operating partners and take strategic partnerships through direct interests in mining operations.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Investor and Media Relations
    T: (416) 864-3584
    E: ir@dundeecorporation.com

    The MIL Network –

  • MIL-OSI USA: Senator Collins Welcomes Islesboro Native as a Summer Intern in Her Washington Office

    US Senate News:

    Source: United States Senator for Maine Susan Collins
    Published: July 11, 2025

    Click HERE for a high-resolution photo
    Washington, D.C.  – U.S. Senator Susan Collins announced that Charles Jagger, an Islesboro native, has been awarded a summer internship in her Washington office.  Charles is a graduate of Islesboro Central School.
    “Charles is a dedicated student whose strong academic background makes him well-suited for this role serving the people of Maine,” said Senator Collins. “I am glad to welcome him to my Washington office to assist my staff with important legislative work.”
    Charles is a rising senior at Wheaton College in Massachusetts, where he is majoring in Finance. On campus, he is co-president of the Investment and Business networking clubs. Upon graduation, Charles plans to work in the finance sector or fiscal policy industry.
    Maine students who are interested in applying for future sessions of the internship program can do so through Senator Collins’ website at: https://www.collins.senate.gov/services/students.

    MIL OSI USA News –

  • MIL-OSI: NFT Limited Announces Filing of the 2024 Annual Report on Form 20-F

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, July 11, 2025 (GLOBE NEWSWIRE) — NFT Limited (“MI” or the “Company”) (NYSE: MI) today announced that on April 30, 2025, the Company filed its annual report on Form 20-F for the year ended December 31, 2024 (the “Form 20-F”) with the U.S. Securities and Exchange Commission (the “SEC”).

    In compliance with the New York Stock Exchange rules, the Form 20-F is available on the Company’s website at www.nftoeo.com. In addition, all shareholders of the Company may request, free of charge, a hard copy of the Company’s complete audited financial statements filed with the SEC. To request a hard copy of the Company’s audited financial statements, or for any other inquiry in respect of this press release, please contact the Investor Relations Department of the Company, whose contact information is as follows: IR@nft-limited.com  

    About NFT Limited

    NFT Limited (formerly known as Takung Art Co Ltd.) operates an online electronic platform (www.nftoeo.com) for offering and trading of digital artwork. Through its platform, the Company allows artists/art dealers/owners to access a much bigger art trading market where they can engage with a wide range of investors. It generates revenue in the form of services in connection with the offering and trading of artwork on its platform, primarily consisting of listing fees, trading commissions, and management fees. Please visit: www.nftoeo.com.

    Forward-Looking Statements

    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Federal Securities Act, including but not limited to our expectations of future financial performance, business strategy or business. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. NFT warns that forward-looking statements are subject to many assumptions, risks and uncertainties that will change over time. Forward looking statements may be identified by words such as “may”, “can”, “should”, “will”, “estimate”, “plan”, “project”, “forecast”, “intend”, “expect”, “predict”, “believe”, “seek”, “target”, “Outlook” or similar words.

    These forward-looking statements are based on information available as of the date of this press release and our management’s current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but not are limited to, the risk factors described by NFT in its filings with the Securities and Exchange Commission (“SEC”).

    Contact
    Investor Relations
    IR@nft-limited.com

    SOURCE NFT Limited

    The MIL Network –

  • MIL-OSI: NFT Limited Announces Filing of the 2024 Annual Report on Form 20-F

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, July 11, 2025 (GLOBE NEWSWIRE) — NFT Limited (“MI” or the “Company”) (NYSE: MI) today announced that on April 30, 2025, the Company filed its annual report on Form 20-F for the year ended December 31, 2024 (the “Form 20-F”) with the U.S. Securities and Exchange Commission (the “SEC”).

    In compliance with the New York Stock Exchange rules, the Form 20-F is available on the Company’s website at www.nftoeo.com. In addition, all shareholders of the Company may request, free of charge, a hard copy of the Company’s complete audited financial statements filed with the SEC. To request a hard copy of the Company’s audited financial statements, or for any other inquiry in respect of this press release, please contact the Investor Relations Department of the Company, whose contact information is as follows: IR@nft-limited.com  

    About NFT Limited

    NFT Limited (formerly known as Takung Art Co Ltd.) operates an online electronic platform (www.nftoeo.com) for offering and trading of digital artwork. Through its platform, the Company allows artists/art dealers/owners to access a much bigger art trading market where they can engage with a wide range of investors. It generates revenue in the form of services in connection with the offering and trading of artwork on its platform, primarily consisting of listing fees, trading commissions, and management fees. Please visit: www.nftoeo.com.

    Forward-Looking Statements

    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Federal Securities Act, including but not limited to our expectations of future financial performance, business strategy or business. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. NFT warns that forward-looking statements are subject to many assumptions, risks and uncertainties that will change over time. Forward looking statements may be identified by words such as “may”, “can”, “should”, “will”, “estimate”, “plan”, “project”, “forecast”, “intend”, “expect”, “predict”, “believe”, “seek”, “target”, “Outlook” or similar words.

    These forward-looking statements are based on information available as of the date of this press release and our management’s current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but not are limited to, the risk factors described by NFT in its filings with the Securities and Exchange Commission (“SEC”).

    Contact
    Investor Relations
    IR@nft-limited.com

    SOURCE NFT Limited

    The MIL Network –

  • MIL-OSI: NFT Limited Announces Filing of the 2024 Annual Report on Form 20-F

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, July 11, 2025 (GLOBE NEWSWIRE) — NFT Limited (“MI” or the “Company”) (NYSE: MI) today announced that on April 30, 2025, the Company filed its annual report on Form 20-F for the year ended December 31, 2024 (the “Form 20-F”) with the U.S. Securities and Exchange Commission (the “SEC”).

    In compliance with the New York Stock Exchange rules, the Form 20-F is available on the Company’s website at www.nftoeo.com. In addition, all shareholders of the Company may request, free of charge, a hard copy of the Company’s complete audited financial statements filed with the SEC. To request a hard copy of the Company’s audited financial statements, or for any other inquiry in respect of this press release, please contact the Investor Relations Department of the Company, whose contact information is as follows: IR@nft-limited.com  

    About NFT Limited

    NFT Limited (formerly known as Takung Art Co Ltd.) operates an online electronic platform (www.nftoeo.com) for offering and trading of digital artwork. Through its platform, the Company allows artists/art dealers/owners to access a much bigger art trading market where they can engage with a wide range of investors. It generates revenue in the form of services in connection with the offering and trading of artwork on its platform, primarily consisting of listing fees, trading commissions, and management fees. Please visit: www.nftoeo.com.

    Forward-Looking Statements

    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Federal Securities Act, including but not limited to our expectations of future financial performance, business strategy or business. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. NFT warns that forward-looking statements are subject to many assumptions, risks and uncertainties that will change over time. Forward looking statements may be identified by words such as “may”, “can”, “should”, “will”, “estimate”, “plan”, “project”, “forecast”, “intend”, “expect”, “predict”, “believe”, “seek”, “target”, “Outlook” or similar words.

    These forward-looking statements are based on information available as of the date of this press release and our management’s current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but not are limited to, the risk factors described by NFT in its filings with the Securities and Exchange Commission (“SEC”).

    Contact
    Investor Relations
    IR@nft-limited.com

    SOURCE NFT Limited

    The MIL Network –

  • MIL-OSI: NFT Limited Announces Filing of the 2024 Annual Report on Form 20-F

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, July 11, 2025 (GLOBE NEWSWIRE) — NFT Limited (“MI” or the “Company”) (NYSE: MI) today announced that on April 30, 2025, the Company filed its annual report on Form 20-F for the year ended December 31, 2024 (the “Form 20-F”) with the U.S. Securities and Exchange Commission (the “SEC”).

    In compliance with the New York Stock Exchange rules, the Form 20-F is available on the Company’s website at www.nftoeo.com. In addition, all shareholders of the Company may request, free of charge, a hard copy of the Company’s complete audited financial statements filed with the SEC. To request a hard copy of the Company’s audited financial statements, or for any other inquiry in respect of this press release, please contact the Investor Relations Department of the Company, whose contact information is as follows: IR@nft-limited.com  

    About NFT Limited

    NFT Limited (formerly known as Takung Art Co Ltd.) operates an online electronic platform (www.nftoeo.com) for offering and trading of digital artwork. Through its platform, the Company allows artists/art dealers/owners to access a much bigger art trading market where they can engage with a wide range of investors. It generates revenue in the form of services in connection with the offering and trading of artwork on its platform, primarily consisting of listing fees, trading commissions, and management fees. Please visit: www.nftoeo.com.

    Forward-Looking Statements

    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Federal Securities Act, including but not limited to our expectations of future financial performance, business strategy or business. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. NFT warns that forward-looking statements are subject to many assumptions, risks and uncertainties that will change over time. Forward looking statements may be identified by words such as “may”, “can”, “should”, “will”, “estimate”, “plan”, “project”, “forecast”, “intend”, “expect”, “predict”, “believe”, “seek”, “target”, “Outlook” or similar words.

    These forward-looking statements are based on information available as of the date of this press release and our management’s current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but not are limited to, the risk factors described by NFT in its filings with the Securities and Exchange Commission (“SEC”).

    Contact
    Investor Relations
    IR@nft-limited.com

    SOURCE NFT Limited

    The MIL Network –

  • MIL-OSI: ETC Announces Fiscal 2026 First Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    SOUTHAMPTON, Pa., July 11, 2025 (GLOBE NEWSWIRE) — Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today reported its financial results for the thirteen week period ended May 30, 2025 (the “2026 first fiscal quarter”).

    Robert L. Laurent, Jr., ETC’s Chief Executive Officer and President stated, “We are pleased with the 39% increase in ETC operating income vs. prior year driven by an increase in sales of Aircrew Training Systems (“ATS”) and a decrease in operating expenses as compared to the prior year, as well as our 34% gross profit margin excluding the impact of lower margin sales related to construction of an aeromedical center during the 2026 first fiscal quarter. We exit the quarter with a sales backlog of $73 million and a large pipeline of opportunities.”

    Fiscal 2026 First Quarter Results of Operations

    Net Income

    Net income was $1.3 million, or $0.07 diluted earnings per share, in the 2026 first fiscal quarter, compared to net income of $1.4 million during the 2025 first fiscal quarter, or $0.08 diluted earnings per share. The $0.1 million decrease is primarily attributable to a $0.4 million, or 385.3% increase in interest expense, net and a $0.4 million, or 1850.0% increase in income tax provision in the 2026 first fiscal quarter as compared to 2025 first fiscal quarter partially offset by the net effect of a $0.9 million increase in ATS net sales, excluding the Aeromedical center building revenue, and a $0.7 million decrease in Commercial/Industrial Systems (“CIS”) net sales, and a $0.5 million decrease in operating expenses.

    Net Sales

    Net sales in the 2026 first fiscal quarter were $17.6 million, an increase of $4.1 million, or 30.5%, compared to 2025 first fiscal quarter net sales of $13.5 million. The increase in net sales was mainly a result of a $4.8 million, or 74.9% increase in ATS sales, $3.9 million of which relates to aeromedical center building revenue, slightly offset by a $0.8 million, or 14.2% decrease in Sterilizer Systems sales in the 2026 first fiscal quarter as compared to 2025 first fiscal quarter.

    Gross Profit

    Gross profit for the 2026 first fiscal quarter was $4.7 million (26.5% of net sales) compared to $4.5 million in 2025 first fiscal quarter (33.6% of net sales). The decrease in gross profit margin as a percentage of sales was a direct result of the increase in aeromedical center building revenue within the ATS business unit, which is lower margin than ETC’s core businesses as the work is being performed by a sub-contracted construction firm. Excluding the impact of the aeromedical center building revenue, gross profit margin was 34.3% for first fiscal quarter 2026 as compared to 33.9% for first fiscal quarter 2025.

    Operating Expenses

    Operating expenses, including sales and marketing, general and administrative, and research and development, for the 2026 first fiscal quarter were $2.5 million, a decrease of $0.5 million, or 16.0%, compared to $3.0 million for the 2025 first fiscal quarter. The decrease in operating expenses was due primarily to lower research and development expense at ETC-PZL in 2026 first fiscal quarter as compared to 2025 first fiscal quarter. In 2025 first fiscal quarter, ETC-PZL had limited sales which resulted in employees working on non-chargeable research and development projects.

    Operating Income

    Operating income for the 2026 fiscal first quarter was $2.2 million, an increase of $0.6 million, or 39.4%, compared to $1.6 million for the 2025 first fiscal quarter. The increase in operating income is attributable to the net effect of a $0.9 million increase in ATS net sales, excluding the Aeromedical center building revenue, and a $0.7 million decrease in Commercial/Industrial Systems (“CIS”) net sales, and a $0.5 million decrease in operating expenses.

    Interest Expense, Net

    Interest expense, net, for the 2026 first fiscal quarter was $0.6 million compared to $0.1 million in the 2025 first fiscal quarter, an increase of $0.4 million, or 385.3%, reflecting increased borrowing attributable to the leaseback of the demonstration equipment in 2025 fourth fiscal quarter.

    Income Tax Provision

    Income tax provision for the 2026 first fiscal quarter was $0.4 million compared to $0.0 million in the 2025 first fiscal quarter, an increase of $0.4 million, or 1850.0%. The increase is a non-cash tax expense attributable to the utilization of our Net Operating Loss (NOL) carryforward for which a deferred tax asset was established in the fourth quarter of fiscal 2025.

    Cash Flows from Operating, Investing, and Financing Activities

    During the 2026 first fiscal quarter, cash flows used in operating activities were $2.7 million, a decrease of $5.6 million compared to cash flows provided by operating activities of $2.9 million during 2025 first fiscal quarter. Cash flows during the 2026 first fiscal quarter primarily decreased as a result of an increase in accounts receivable, net, slightly offset by an increase in accounts payable, trade for 2026 first fiscal quarter as compared to 2025 first fiscal quarter.

    Cash used for investing activities primarily relates to funds used for capital expenditures of equipment and software development. The Company’s investing activities used $0.1 million during the 2026 and 2025 first fiscal quarter.

    The Company’s financing activities provided $1.0 million of cash during the 2026 first fiscal quarter from borrowings under the Company’s credit facility as compared to repayments under the Company’s credit facility of $3.1 during the 2025 first fiscal quarter.

    About ETC

    ETC was incorporated in 1969 in Pennsylvania. For over five decades, we have provided our customers with products, services, and support. Innovation, continuous technological improvement and enhancement, and product quality are core values that are critical to our success. We are a significant supplier and innovator in the following areas: (i) software driven products and services used to create and monitor the physiological effects of flight, including high performance jet tactical flight simulation, fixed and rotary wing upset prevention and recovery and spatial disorientation, and both suborbital and orbital commercial human spaceflight, collectively, Aircrew Training Systems (“ATS”); (ii) altitude (hypobaric) chambers; (iii) hyperbaric chambers for multiple persons (multiplace chambers); (iv) Advanced Disaster Management Simulators (“ADMS”); (v) steam and gas (ethylene oxide) sterilizers (“Sterilizer Systems” or “Sterilizers”); and (vi) Environmental Testing and Simulation Systems (“ETSS”).

    We operate in two primary business segments, Aerospace Solutions (“Aerospace”) and Commercial/Industrial Systems (“CIS”). Aerospace encompasses the design, manufacture, and sale of: (i) ATS products; (ii) altitude (hypobaric) chambers; (iii) hyperbaric chambers for multiple persons (multiplace chambers); and (iv) ADMS, as well as integrated logistics support (“ILS”) for customers who purchase these products or similar products manufactured by other parties. These products and services provide customers with an offering of comprehensive solutions for improved readiness and reduced operational costs. Sales of our Aerospace products are made principally to U.S. and foreign government agencies and to civil aviation organizations. CIS encompasses the design, manufacture, and sale of: (i) steam and gas (ethylene oxide) sterilizers; and (ii) ETSS; as well as parts and service support for customers who purchase these products or similar products manufactured by other parties. Sales of our CIS products are made principally to the healthcare, pharmaceutical, and automotive industries.

    ETC-PZL Aerospace Industries Sp. z o.o. (“ETC-PZL”), our 100%-owned subsidiary in Warsaw, Poland, is currently our only operating subsidiary. ETC-PZL manufactures certain simulators and provides software to support products manufactured domestically within our Aerospace segment.

    The majority of our net sales are generated from long-term contracts with foreign and U.S. governments and agencies (including foreign military sales (“FMS”) contracted through the U.S. Government) for the research, design, development, manufacture, integration, and sustainment of ATS products, including Chambers and the simulators manufactured and sold through ETC-PZL, collectively, ATS as well as long-term contracts with domestic and international customers for the sale of Sterilizer systems. The Company also enters into long-term contracts with domestic customers for the sale of ETSS. Net sales of ADMS are generally much shorter term in nature and vary between domestic and international customers. We generally provide our products and services under fixed-price contracts.

    ETC’s unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition. ETC’s headquarters is located in Southampton, PA. For more information about ETC, visit http://www.etcusa.com/. The information contained on our website is not incorporated by reference in this news release.

    Forward-looking Statements

    This news release contains forward-looking statements, which are based on management’s expectations and are subject to uncertainties and changes in circumstances. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, and these statements may include words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “future”, “predict”, “potential”, “intend”, or “continue”, and similar expressions. We base our forward-looking statements on our current expectations and projections about future events or future financial performance. Our forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC and its subsidiaries that may cause actual results to be materially different from any future results implied by these forward-looking statements. We caution you not to place undue reliance on these forward-looking statements. Except as required by law, we assume no obligation to update or revise any forward looking statements.

    Contact: Tim Kennedy, CFO
    Phone: (215) 355-9100 x1531
    E-mail: tkennedy@etcusa.com
       

    – Financial Table Follows –

    Table A                
    ENVIRONMENTAL TECTONICS CORPORATION  
    SUMMARY TABLE OF RESULTS  
    (in thousands, except per share information)  
    (unaudited)  
                     
      Thirteen weeks ended   Variance  
    (in thousands, except per share information) May 30, 2025   May 24, 2024   ($)   (%)  
    Net sales $ 17,601     $ 13,492     $ 4,109     30.5    
    Cost of goods sold   12,939       8,965       3,974     44.3    
    Gross Profit   4,662       4,527       135     3.0    
    Gross profit margin %   26.5 %     33.6 %     -7.1 %   -21.1 %  
                     
    Operating expenses   2,498       2,975       (477 )   -16.0    
    Operating income   2,164       1,552       612     39.4    
    Operating margin %   12.3 %     11.5 %     0.8 %   6.9 %  
                     
    Interest expense, net   563       116       447     385.3    
    Other (income) expense, net   (78 )     55       (133 )   -241.8    
    Income before income taxes   1,679       1,381       298     21.6    
    Pre-tax margin %   9.5 %     10.2 %     -0.7 %   -6.9 %  
                     
    Income tax provision   390       20       370     1850.0    
    Net income   1,289       1,361       (72 )   -5.3    
    Preferred Stock dividends   (121 )     (121 )     –     0.0    
    Income attributable to common and                
    participating shareholders $ 1,168     $ 1,240     $ (72 )   -5.8    
                     
    Per share information:                
    Basic earnings per common and participating share:                
    Distributed earnings per share:                
    Common $ –     $ –     $ –        
    Preferred $ 0.02     $ 0.02     $ –     0.0    
    Undistributed earnings per share:                
    Common $ 0.07     $ 0.08     $ (0.01 )   -12.5    
    Preferred $ 0.07     $ 0.08     $ (0.01 )   -12.5    
    Diluted earnings per share $ 0.07     $ 0.08     $ (0.01 )   -12.5    
                     
                     
    Total basic weighted average common and participating shares   15,665       15,569            
                     
    Total diluted weighted average shares   16,998       16,062            
     

    The MIL Network –

  • MIL-OSI: MidWestOne Financial Group, Inc. Announces Second Quarter 2025 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    IOWA CITY, Iowa, July 11, 2025 (GLOBE NEWSWIRE) — MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank, today announced that its second quarter 2025 financial results will be released after market closes on Thursday, July 24, 2025. The Company will host a conference call to discuss its financial results at 11:00 a.m. Central Time on Friday, July 25, 2025.

    Investors and analysts interested in participating in the call may pre-register utilizing the following link: https://www.netroadshow.com/events/login?show=a6070726&confId=80381. After pre-registering for this event, you will receive your access details via email. On the day of the call, you are also able to dial 1-833-470-1428 (callers located in Canada please dial 1-833-950-0062) approximately 15 minutes prior to the start of the call and providing the access code 293794. A live audio webcast of the conference call can be accessed through the Investor Relations section of the Company’s website at https://www.midwestonefinancial.com.

    A replay of the conference call will be available within four hours of the conclusion of the call and can be accessed both online and by dialing 1-866-813-9403 within the United States and Canada (all other international callers please dial +440-204-525-0658). The pin to access the telephone replay is 763204. The replay will be available until October 23, 2025.

    About MidWestOne Financial Group, Inc.
    MidWestOne Financial Group, Inc. is a financial holding company headquartered in Iowa City, Iowa. MidWestOne is the parent company of MidWestOne Bank, which operates banking offices in Iowa, Minnesota, Wisconsin, and Colorado. MidWestOne provides electronic delivery of financial services through its website, MidWestOne.bank. MidWestOne Financial Group, Inc. trades on the Nasdaq Global Select Market under the symbol “MOFG”.

    Category: Earnings
    This news release may be downloaded from Corporate Profile | MidWestOne Financial Group, Inc.

    Source: MidWestOne Financial Group, Inc.

    Industry: Banks

    Contacts:  
    Charles N. Reeves Barry S. Ray
    Chief Executive Officer Chief Financial Officer
    319.356.5800 319.356.5800

    The MIL Network –

  • MIL-OSI: Southside Bancshares, Inc. Announces Second Quarter Earnings Call

    Source: GlobeNewswire (MIL-OSI)

    TYLER, Texas, July 11, 2025 (GLOBE NEWSWIRE) — Southside Bancshares, Inc. (“Southside”) (NYSE: SBSI), the holding company for Southside Bank, announced today it will release its second quarter financial results before the market opens on Friday, July 25, 2025. Southside will host a conference call to discuss its results on Friday, July 25, 2025, at 11:00 a.m. CDT.

    The call will be hosted by Lee R. Gibson, CEO, Keith Donahoe, President, Julie Shamburger, CFO, and Lindsey Bailes, VP, Investor Relations. Following prepared remarks there will be a question and answer session for the analyst community.

    The Conference Call Details

    The conference call can be accessed by webcast, for listen-only mode, here or on the company website, https://investors.southside.com, under Events.

    Those interested in participating in the question and answer session, or others who prefer to call-in, can register using this online form to receive the dial-in number and unique code to access the conference call seamlessly. While not required, it is recommended that those wishing to participate register 10 minutes prior to the conference call to ensure a more efficient registration process.

    For those unable to attend the live event, a webcast recording will be available here or on the company website, https://investors.southside.com, for at least 30 days, beginning approximately two hours following the conference call.

    About Southside Bancshares, Inc.

    Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $8.34 billion in assets as of March 31, 2025. Through its wholly-owned subsidiary, Southside Bank, Southside currently operates 53 branches and a network of 71 ATMs/ITMs throughout East Texas, Southeast Texas and the greater Dallas/Fort Worth, Austin and Houston areas. Serving customers since 1960, Southside Bank is a community-focused financial institution that offers a full range of financial products and services to individuals and businesses. These products and services include consumer and commercial loans, mortgages, deposit accounts, safe deposit boxes, treasury management, wealth management, trust services, brokerage services and an array of online and mobile services.

    To learn more about Southside Bancshares, Inc., please visit our investor relations website at https://investors.southside.com. Our investor relations site provides a detailed overview of our activities, financial information and historical stock price data. To receive e-mail notification of company news, events and stock activity, please register on the website under Resources and Investor Email Alerts. Questions or comments may be directed to Lindsey Bailes at 903-630-7965 or lindsey.bailes@southside.com.

    For further information:                                
    Lindsey Bailes
    903-630-7965

    The MIL Network –

  • MIL-OSI: BJMining Launches XRP-Compatible Cloud Mining Contracts Amid Market Volatility and Increased XRP Demand

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, D.C., July 12, 2025 (GLOBE NEWSWIRE) — As XRP experiences a sharp increase in market interest during July’s volatile crypto climate, BJMining has announced a timely expansion of its global mining services by enabling XRP as a supported asset for its cloud-based mining contracts. The development comes as part of BJMining’s commitment to providing more accessible and diversified digital asset options for global users.

    The recent market uptick—marked by Ethereum gas fee reductions, Bitcoin stabilizing above $114,000, and a surge in Solana activity—has prompted investors to revisit XRP’s long-term utility. Amid this environment, BJMining’s new support for XRP-based cloud mining aims to meet demand from investors seeking stable digital income models beyond traditional coin-holding strategies.

    Transforming Passive Holdings into Productive Assets

    With XRP lacking a native staking mechanism, many long-term holders have had limited opportunities to earn on idle assets. BJMining addresses this gap by offering a system where users can participate in crypto mining using XRP as payment for cloud-based contract plans.

    “By integrating XRP as a payment and mining option, we’re giving users a practical way to generate income without needing advanced technical knowledge or infrastructure,” said a BJMining representative. “This is especially important for those looking to diversify and stabilize their exposure in the crypto sector.”

    BJMining’s seven advantages make mining easy and reliable

    • Sign up and get $15: New users can get a $15 when they register, and can start mining without recharging;
    • No equipment or maintenance required:The platform is responsible for operation and maintenance and energy consumption management throughout the process, and users only need to select a contract to start earning profits;
    • AI Intelligent Scheduling System:Automatically determine the currency market and mining difficulty, dynamically allocate computing power, and improve yield;
    • Green energy drive:All mines use clean energy such as wind, hydro, and solar energy, which is in line with the global trend of carbon neutrality;
    • Funds and data security:McAfee + Cloudflare dual protection architecture, user assets are fully insured by AIG;
    • Supports flexible withdrawals in multiple currencies: BTC, DOGE, ETH, XRP, USDT and other mainstream assets, fast arrival without waiting;
    • Flexible promotion rebate mechanism: Invite friends to enjoy up to 5% commission reward, with no upper limit, to build your passive income network.

    Mainstream contract recommendations to suit different investment objectives

    BJMining currently has a variety of main contracts online, covering short-term trials to long-term stable configurations:

    •  WhatsMiner M50S+：Invest $100 for 2 days, total net income is $106;
    • WhatsMiner M60S++：Invest $600 for 7 days, total net income is $652.50;
    • Avalon Miner A1566：Invest $1200 for 15 days, total net income is $1434;
    • WhatsMiner M66S+：Invest $5800 for 30 days, total net income is $8410;
    • Antminer L7：Invest $12000 for 40 days, total net income is $20160;
    • Antminer S21e XP Hyd：Invest $27000 for 45 days, total net income is $48870;

    All contracts support XRP payment, which takes effect immediately after purchase, and you can start receiving daily dividends the next day.

    About BJMining

    Founded in 2015, BJMining is a UK-headquartered cloud mining provider serving over 5 million users across more than 180 countries. Operating more than 60 mining farms and 1.2 million mining machines globally, the company leverages AI-driven scheduling and renewable energy infrastructure to deliver secure and energy-efficient mining services.

    All mining operations are backed by enterprise-grade security architecture and insurance protocols. BJMining supports asset management in multiple cryptocurrencies, including BTC, ETH, DOGE, and now XRP.

    Forward Outlook

    As cryptocurrency continues to evolve from speculative trading to asset-backed income generation, BJMining’s expansion of payment options reflects a broader industry shift toward accessibility, energy sustainability, and risk-managed crypto investing.

    For more information about BJMining’s latest XRP-supported features or to explore its global mining offerings, visit https://bjmining.com or contact:

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    The MIL Network –

  • MIL-OSI USA: Warren Secures Wins on Right to Repair, Service Member Safety, Military Housing, Transparency at Defense Department in Senate Version of FY 2026 Defense Policy Bill

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    July 11, 2025

    Executive Summary of Senate FY26 NDAA (Website)

    Washington, D.C. — During the Senate Armed Services Committee’s (SASC) markup of the Fiscal Year 2026 National Defense Authorization Act (FY26 NDAA) this week, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Armed Services Personnel Subcommittee, secured key wins, including on right to repair, transparency on the removal of top military officials, troop health and safety, boosting competition among defense contractors, improved housing protections for American troops, and education. All were secured with bipartisan support in the Senate Armed Services Committee. 

    Senator Warren secured the following provisions in SASC’s version of the FY26 NDAA: 

    Right to Repair

    “It’s common sense for members of the military to be able to fix their own weapons. Senator Sheehy and I fought hard to secure this provision that will improve military readiness and save taxpayers billions of dollars. It’s about time we stand up to Pentagon contractors that are squeezing every last cent from us at the expense of our national security,” said Senator Warren.

    • A provision, which includes portions of Senator Warren’s bipartisan Warrior Right to Repair Act, to guarantee all branches of the military the right to repair their equipment and requires contractors to provide any information needed to repair the equipment.

    In January, Senator Warren secured Army Secretary Dan Driscoll’s support for taking on costly right to repair restrictions. She has also questioned defense contractors directly for their opposition to right to repair reform and introduced separate bicameral legislation to require contractors to provide repair materials in a timely and reasonable manner. 

    Promoting Transparency

    “Secretary Hegseth’s attack on independent legal advisors doesn’t make anyone safer. I’m fighting to rein in this abuse of power and ensure transparency from this administration,” said Senator Warren.

    • A provision requiring DoD to notify Congress five days before the removal of a Judge Advocate General (JAG), top legal officers for the military services, and provide a justification.

    Senator Warren, along with several of her SASC colleagues, sent a letter to Secretary Hegseth earlier this year raising concerns about how his firings of these top military lawyers would damage public trust and the apolitical foundation of the military legal system. In a March 2025 hearing, Senator Warren also highlighted, and a Trump defense nominee agreed with, the importance of the Judge Advocate General’s Corps, whom American troops rely on for legal advice and Senator Lindsey Graham has praised as “the conscience of the military.”

    Service Member Health and Safety

    “I’ve heard so many stories of service members suffering from the devastating effects of blast overpressure – cases of depression, suicide, and seizures. I led historic, bipartisan reforms in last year’s NDAA and will keep pushing DoD to do more,” said Senator Warren. “I’ve been fighting on this issue for years, and a long-term study on exposure would help us better ensure troops get the care and support they deserve.”

    • A provision providing an additional $5 million for blast overpressure analysis and mitigation beyond the Trump administration’s request; 
    • A provision requiring DoD to provide a Congressional briefing on the feasibility of conducting a study on the long-term effects of blast overpressure exposure in partnership with a non-profit medical center specializing in Traumatic Brain Injuries (TBI) and with experience working with Special Operators; 
    • A provision requiring the Government Accountability Office to study DoD’s compliance with blast overpressure reforms passed in last year’s NDAA, as well as DoD’s efforts to use cognitive assessments to track brain health, to document service member exposure, and to address the potential link between exposure and risks of suicide; and 
    • A provision requiring the Joint Safety Council to provide Congress the executive summaries of Safety Investigation Boards (SIBs) conducted for the past three years and any corrective actions that were taken. 

    For over seven years, Senator Warren has led efforts to measure blast exposure and develop protocols that protect our military. She’s introduced bipartisan legislation to track service members’ exposure to and mitigate the effects of blast overpressure. She’s also hosted a hearing and a forum to highlight service members’ and veterans’ experiences with getting care for these injuries. In last year’s NDAA, Senator Warren secured historic reforms to improve access to care after exposure to blast overpressure and mitigate exposure risks. 

    Senator Warren has also highlighted the need for transparency around military accidents, the crash that killed Staff Sergeant Jacob Galliher– a young father from Pittsfield, Massachusetts. 

    Increasing Competition 

    “Increasing competition for our military’s AI and cloud computing programs creates better tools, saves money, and protects our national security. I’ll keep fighting to protect our military from being ripped off while keeping our markets fair and our information secure,” said Senator Warren. 

    • Based on Senator Warren’s bipartisan Protecting AI and Cloud Competition Act, the bill requires DoD to produce a report on competition dynamics between AI and commercial cloud providers, the impacts of competition on overall innovation in AI, barriers to entry for small and new performers, and the impact of potential or perceived concentrations of market power or market share on competition; 
    • A provision requiring the DoD Inspector General to review sole source cloud computing contracts awarded under the Joint Warfighter Cloud Capability program, including justifications, approvals, and systemic challenges to competition. 
    • A provision requiring DoD to provide its strategy to monitor and mitigate the risks of future mergers and acquisitions; 
    • A provision requiring DoD to maintain multiple sources as soon as possible, and no later than fiscal year 2031, for products in critical sectors; and
    • A provision tackling consolidation in the defense contracting industry by requiring that the Government Accountability Office (GAO) conduct a review of mergers in the previous 10 years to determine if changes to defense merger review laws and policies are necessary. 

    Senator Warren has urged the Defense Department to ensure its AI contracting processes will protect government data, save taxpayer funds, and promote competition. She’s also introduced bipartisan legislation to help rein in Big Tech companies and prevent them from cutting out competitors in the AI and cloud computing markets when it comes to defense contracting. 

    Drug Supply Chains and Health Care

    “The DoD’s overreliance on overseas manufacturers gives our adversaries the power to restrict our access to the critical drugs we need to treat our men and women in uniform,” said Senator Warren. “Congress can save lives and save money by strengthening our domestic pharmaceutical supply to ensure we have access to the medicines necessary to treat service members in the field.” 

    “One of the nation’s biggest drug middlemen may be ripping off our military to boost its profits–and trying to hide this information from Congress. My provision ensures Congress has the information we need to hold contractors accountable for price-gouging on the backs of our servicemembers and taxpayers,” said Senator Warren.

    • A provision requiring DoD to report on how shortages and supply challenges for drugs and medical countermeasures have impacted military readiness and the ability for DoD to obtain the pharmaceuticals it needs for its personnel; and 
    • A provision requiring DoD to provide a confidential briefing to the Armed Services Committee every six months on the differences in reimbursement rates or practices, direct and indirect remuneration fees or other price concessions, and clawbacks between pharmacies that are affiliates of TRICARE’s contracted Pharmacy Benefit Manager (PBM) and pharmacies that are not affiliates of TRICARE’s contracted PBM. 

    Senator Warren has long sounded the alarm on the danger of overly relying on foreign pharmaceutical manufacturers, for both the military and civilians. She has led bipartisan oversight and urged the Defense Department to reform acquisition rules to give preference to American-made products. She has also filed legislation to end the country’s reliance on foreign countries for critical drugs and a bipartisan bill to study the impacts of foreign investment in the U.S. pharmaceutical industry. Senator Warren has also called for audits into pharmacy benefit managers that price gouge the military. 

    Military Housing and Childcare

    “Military families deserve safe, affordable housing. Congress must investigate the potential use of rent-setting algorithms used to price gouge military families and ban abusive landlords’ use of NDAs meant to keep military tenants quiet,” said Senator Warren. 

    • A provision requiring DoD to provide a report and briefing to SASC on the extent to which privatized military housing companies are using algorithmic software, including RealPage, to set apartment rents for service members paid by basic allowance for housing (BAH); 
    • A provision banning landlords from requesting that tenants sign non-disclosure agreements (NDAs) in privatized military housing; 
    • A provision to establish a pilot program for increasing child development center employee wages on at least three military installations; and
    • A provision increasing the transparency of landlord financial practices by requiring privatized military housing companies to report their liability insurance coverage and the amounts of payments to tenants to resolve dispute resolutions. 

    Senator Warren has been a leader in raising concerns about problems with privatized military housing and led the push to protect military families. She has led oversight into landlords’ use of algorithmic pricing tools like RealPage to hike rents on servicemembers. She has also introduced legislation to address private military housing landlords’ use of NDAs and unsafe housing conditions. At an April 2025 hearing, Senator Warren secured a commitment from a Trump defense nominee to hold military housing contractors accountable, if needed.  

    Education

    “Service members put their lives on the line for this country, so there’s no excuse for our government to fall short of its promises to them. Helping service members afford quality education is how our country recruits and maintains a fighting force,” said Senator Warren.

    • A provision requiring DoD to issue a report on the status of a data match to ensure service members can automatically receive Public Service Loan Forgiveness (PSLF); and  
    • A provision directing GAO to issue a report on challenges service members face in student loan repayment, including scams, repayment procedures, and servicer misconduct.

    Senator Warren has been a leading voice in fighting for strong education benefits for service members and families, fighting to restore benefits to veterans cheated by for-profit colleges and pushing the Defense Department to release data on the Postsecondary Education Complaint System (PECS), a centralized database to track complaints against schools who participate in tuition assistance programs. At an April 2025 hearing, she pressed military leaders on the impact of the Defense Department’s shortcomings on education benefits.  

    The House Armed Services Committee will convene to mark up its version of the NDAA next week. 

    MIL OSI USA News –

  • MIL-OSI Security: San Diego Securities Attorney Sentenced to Prison for Fraud

    Source: Office of United States Attorneys

    SAN DIEGO – Securities attorney Andrew Coldicutt was sentenced in federal court today to 85 months in prison for securities fraud, false securities registration statements, and wire fraud in connection with two pump-and-dump schemes.

    U.S. District Judge Jinsook Ohta also ordered Coldicutt to pay $42,970 in forfeiture and a $100,000 fine.

    Coldicutt was convicted by a federal jury in March on all 17 counts following a weeklong trial. According to evidence presented at trial, in the first scheme, Coldicutt worked with others from 2017 through 2019 to prepare and execute a pump-and-dump stock fraud scheme. Coldicutt created a business plan for a fake backyard fruit harvesting company. He prepared and filed securities registration statements with the SEC for an initial public offering of the company’s stock.

    The securities registration statements contained false and misleading information about the company, its business plans, and the people who owned and controlled the company. Since Coldicutt was unwittingly working with undercover FBI agents and sources gathering evidence against him, no investors were injured.

    In the second scheme, in 2019, one of Coldicutt’s corporate clients needed to raise money fast. Rather than raise money legally, Coldicutt presented the undercover FBI agents with another pump-and-dump stock fraud scheme. Coldicutt wrote a false attorney opinion letter to facilitate the sale of stock for the pump-and-dump scheme. However, a broker-dealer denied the stock transfer and again, no investors were injured.

    A “pump and dump” scheme is a type of fraud where manipulators gain control over a company’s stock and boost a company’s stock price by spreading false information or trading in a way that creates fake demand. Once the stock price is inflated, they sell off their shares (the “dump”), causing the price to drop and leaving investors with losses.

    “Attorneys are expected to uphold the law, not exploit it,” said U.S. Attorney Adam Gordon. “Today’s sentence holds the defendant accountable for abusing that trust and attempting to manipulate the market for personal gain.”

    “Today’s sentence demonstrates the FBI’s commitment to hold accountable those who unlawfully pursue personal gain at the expense of the American people,” said Special Agent in Charge Mark Dargis of the FBI’s San Diego Field Office. “Attorneys who exploit the system not only hurt potential victims. They also erode the community’s trust. The FBI will relentlessly investigate such criminals to protect our citizens and ensure justice is served.”

    The Securities and Exchange Commission has also taken civil action against Coldicutt.

    DEFENDANT                        Case Number 22cr1881                                       

    Andrew Coldicutt                    Age: 44                    San Diego, California

    SUMMARY OF CHARGES

    Title 15, U.S.C., Sec. 77q, 77x – Securities Fraud

    Maximum Penalty: Five years in prison

    Title 15, U.S.C., Sec. 77g, 77x – False Securities Registration Statements

    Maximum Penalty: Five years in prison

    Title 18, U.S.C., Sec. 1343 – Wire Fraud

    Maximum Penalty: Twenty years in prison

    INVESTIGATING AGENCY

    Federal Bureau of Investigation

    MIL Security OSI –

  • MIL-OSI Security: Federal Grand Jury in Chicago Indicts Three Individuals for Alleged Covid-Relief Fraud

    Source: United States Department of Justice (National Center for Disaster Fraud)

    CHICAGO – A federal grand jury in Chicago has indicted three individuals for allegedly fraudulently obtaining more than $2 million in small business loans under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act.

    TANIKA ECHOLS, ANTONIO ECHOLS, and TAMIA THOMPSON DAVIS engaged in fraud related to the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan Program (EIDL)–two sources of relief under the CARES Act, according to an indictment returned in the Northern District of Illinois.  The indictment charges Tanika Echols, 45, of Austin, Texas, and formerly of South Holland, Ill., with 13 counts of wire fraud and seven counts of money laundering. Antonio Echols, 50, of Austin, Texas, and formerly of South Holland, Ill., who is Tanika Echols’s husband, is charged with three counts of wire fraud, while Davis, 27, of Austin, Texas, who is Tanika Echols’s daughter, is charged with four counts of wire fraud.

    The indictment alleges that the defendants defrauded lenders of approximately $1.7 million in PPP loans and defrauded the SBA of approximately $307,000 in EIDL funds.  Much of the money was used for the defendants’ personal benefit, including the purchase of mink coats from Andriana Furs in Chicago, the indictment states.

    The defendants pleaded not guilty to the charges during their arraignments last week before U.S. Magistrate Judge Jeffrey T. Gilbert.  A status hearing was scheduled for Aug. 13, 2025, at 9:00 a.m., before U.S. District Judge Thomas M. Durkin.

    The indictment was announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, Basil Demczak, Special Agent-in-Charge of the Central Region of Amtrak’s Office of Inspector General, and Mark Reeves, Special Agent-in-Charge of the U.S. Railroad Retirement Board’s Office of Inspector General.  The government is represented by Assistant U.S. Attorney Elie Zenner.

    Pursuant to the CARES Act, a PPP loan allowed the interest and principal to be forgiven if businesses spent a certain amount of the proceeds on essential expenses, such as payroll, rent, and utilities, while the EIDL program provided loan assistance or grants to cover working capital and other operating expenses.

    According to the indictment, the defendants from 2020 to 2022 submitted more than 100 fraudulent applications to lenders, loan service providers, and the Small Business Administration, on behalf of themselves, seven other individuals, and two businesses owned by Tanika Echols and Antonio Echols.  The applications and supporting documents contained materially false statements and misrepresentations about the defendants’ companies, including the number of purported employees, revenue and payroll amounts, and other expenses, the indictment states.

    The public is reminded that an indictment contains only charges and is not evidence of guilt.  The defendants are presumed innocent until proven guilty beyond a reasonable doubt.  Each wire fraud charge is punishable by up to 20 years in federal prison, while the maximum penalty for each count of money laundering is ten years.  If convicted, the Court must impose reasonable sentences under federal statutes and the advisory U.S. Sentencing Guidelines.

    Anyone with information about attempted fraud involving Covid-19 is encouraged to report it to the Department of Justice by calling the National Center for Disaster Fraud Hotline at 866-720-5721 or filing an online complaint at https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    MIL Security OSI –

  • MIL-OSI: DRML Miner Launch Marks New Era as Bitcoin Surges Past $116K

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 11, 2025 (GLOBE NEWSWIRE) — Bitcoin has lately hit the amazing landmark of $116,000, this marks an incredibly important milestone in finance history. I don’t think this milestone is merely a price, representing further entrenchment and acceptance of Bitcoin and cryptocurrencies in a global economy. A price above $100,000 represents a total paradigm shift in finance; there is increasing optimism in the market, mainstream adoption is accelerating, and Bitcoin keeps surprising us by outperforming all expectations.

    The price increase is also connected to the underlying market trend occurring overall, that is being fueled by institutional adoption and interest, rising inflation concerns, and the search for digital decentralized assets. The global crypto market itself is maturing, and people start to see bitcoin not just as a ‘currency’, but as a long term store of value, it can replace gold as a store of value.

    A Quick Look Back: Bitcoin’s Unstoppable Ascent

    Bitcoin’s journey began in 2009 with little fanfare. Created by the pseudonymous Satoshi Nakamoto, it was introduced as a peer-to-peer electronic cash system. The early days were experimental—few believed it would ever become a serious financial asset.

    Starting from just fractions of a cent, Bitcoin was valued at $1,000 in 2013, followed by $20,000 in 2017. After some extreme volatility over the next few years, it surpassed $60,000 in 2021. Now it’s 2025 and Bitcoin is over $116,000, setting records and changing the investment landscape.

    Bitcoin’s supply is capped at 21 million coins, which is another part of its value proposition, creating scarcity of the asset and increasing interest. And as currency declines due to inflation, Bitcoin holds the possibility of becoming an alternative to a decentralized, scarce currency.

    Why Bitcoin Is Surging in 2025

    Several key factors have driven this historic price advance:

    – Institutional Investment: The top financial institutions and corporations are investing serious money and adding Bitcoin to their balance sheet as a hedge against inflation.

    – Adoption: Bitcoin is now being accepted across all areas of retail—everything from your local online retailer to multinational banks.

    – Macroeconomic Instability: The growing inflation in all major economies has led many investors to consider crypto as a store of value.

    – Technological Advances: New mining technologies have allowed or increased the security of the blockchain while pushing costs lower.

    This is not a hype train—this is a train running on actual data, demand, and real value.

    Enter DRML Miner: Redefining Crypto Mining for the Future

    Amid Bitcoin’s surge, one name is making headlines in the mining industry: DRML Miner. As the demand for Bitcoin increases, so does the competition to mine it. Traditional mining rigs often fail to offer consistent profitability due to rising energy costs and difficulty levels.

    DRML Miner is here to change that. With cutting-edge technology, unparalleled efficiency, and a user-first approach, DRML Miner is enabling individuals and businesses to mine Bitcoin profitably, regardless of scale.

    What Sets DRML Miner Apart?

    Unlike outdated mining equipment that requires high upfront investment and complex setup, DRML Miner delivers a modern, plug-and-play mining solution designed for efficiency and ease. Here’s why it stands out:

    • High Hash Rate Efficiency: Achieve maximum mining power with optimized processing speed.
    • Energy-Saving Design: Built to consume less power, reducing overhead and maximizing ROI.
    • Scalable Infrastructure: Suitable for solo miners, small businesses, and large-scale operations.
    • Real-Time Monitoring: Integrated dashboards allow users to track performance, earnings, and hardware status 24/7.
    • Global Support: Dedicated customer service ensures smooth onboarding and continued operational success.

    DRML Miner doesn’t just offer hardware—it offers a complete, supported ecosystem designed to maximize earnings and simplify the mining process.

    The Mining Industry Reimagined

    Mining has often been associated with high complexity and low returns. DRML Miner is redefining this narrative by introducing mining solutions that are accessible, reliable, and scalable. Whether you’re new to crypto or an experienced investor, DRML makes profitable mining achievable.

    By reducing the barrier to entry, DRML Miner empowers more people to participate in the Bitcoin ecosystem. This democratization of mining aligns perfectly with the decentralized spirit of cryptocurrency itself.

    The Economic Impact of DRML Miner’s Technology

    As Bitcoin reaches new heights, mining profitability becomes more attractive. However, only those with efficient systems can truly capitalize on these gains. DRML Miner helps miners stay ahead of rising competition by offering future-proof technology.

    Its proprietary cooling systems, low power usage, and intelligent management tools allow users to achieve consistent returns—even as mining difficulty increases. This long-term approach creates stability in an otherwise volatile space.

    The Road Ahead: Bitcoin and the Future of Finance

    Based on the momentum Bitcoin possesses, it is set to reach new heights. Financial analysts suggest the price will reach and exceed $150,000 in the next year and with the amount of financial uncertainty existing across the globe, this is likely. Bitcoin’s adoption is expanding throughout the continents and creating a diversified investment portfolio.

    At the same time, tools like DRML Miner will help with the infrastructure development and ultimately increase the network. With more people validating blockchain transactions, there will be a stronger foundation laid.

    The future of Bitcoin lies well beyond just price—it is about infrastructure and access but also about impact on the world.

    Conclusion: Your Opportunity to Join the Crypto Revolution

    Bitcoin has verified the myth of breaking through all barriers as it confidently holds its position at $116,000. This accomplishment is monumental since price experience is one thing, but as decentralized finance continues to gain legitimacy, this is more far-reaching! As the markets take shape, chances like these are becoming increasingly limited.

    With DRML Miner, you can be a part of the revolution from day one. The opportunity is available whether you want to diversify your income or create a mining dynasty. Reliable, scalable, and available tools are finally at our disposal.

    Start mining smarter. Grow your crypto wealth. Be part of the future.

    Explore the future of mining today at https://drmlminers.com/

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks. There is a possibility of financial loss. You are advised to perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

  • MIL-OSI: Indigo Acquisition Corp. Announces Closing of Full Over-Allotment Option

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 11, 2025 (GLOBE NEWSWIRE) — Indigo Acquisition Corp. (the “Company”) announced today that it has consummated the sale of the full 1,500,000 units subject to the over-allotment option granted to the underwriters in connection with its initial public offering. The additional units were sold at $10.00 per unit, generating additional gross proceeds to the Company of $15,000,000

    The Company’s units are listed on the Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “INACU.” Each unit consists of one ordinary share and one right entitling its holder to receive one tenth of one ordinary share upon the Company’s completion of an initial business combination, subject to adjustment. Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on Nasdaq under the symbols “INAC” and “INACR,” respectively.

    The Company is a Cayman exempt company, formed as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company intends to focus on opportunities with established, profitable companies with attractive market positions and/or growth potential that can leverage our management team’s experience and expertise. The Company is led by its Chairman of the Board and Chief Executive Officer, James S. Cassel, and its Chief Operating Officer and Chief Financial Officer, Scott Salpeter.

    EarlyBirdCapital, Inc. acted as the book-running manager for the offering and IB Capital acted as co-manager for the offering. The offering was made by means of a prospectus. Copies of the prospectus may be obtained from EarlyBirdCapital, Inc., 366 Madison Avenue, New York, New York 10017, Attention: Syndicate Department, or (212) 661-0200.

    A registration statement relating to these securities was filed with the Securities and Exchange Commission (the “SEC”) and was declared effective on June 30, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    FORWARD-LOOKING STATEMENTS

    This press release contains statements that constitute “forward-looking statements.” No assurance can be given that the net proceeds of the offering will be used as indicated in the offering prospectus. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Contact:

    James S. Cassel, CEO
    jcassel@cs-ib.com
    305-438-7700

    Scott Salpeter, CFO
    ssalpeter@cs-ib.com
    305-438-7700

    The MIL Network –

  • MIL-OSI: Indigo Acquisition Corp. Announces Closing of Full Over-Allotment Option

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 11, 2025 (GLOBE NEWSWIRE) — Indigo Acquisition Corp. (the “Company”) announced today that it has consummated the sale of the full 1,500,000 units subject to the over-allotment option granted to the underwriters in connection with its initial public offering. The additional units were sold at $10.00 per unit, generating additional gross proceeds to the Company of $15,000,000

    The Company’s units are listed on the Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “INACU.” Each unit consists of one ordinary share and one right entitling its holder to receive one tenth of one ordinary share upon the Company’s completion of an initial business combination, subject to adjustment. Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on Nasdaq under the symbols “INAC” and “INACR,” respectively.

    The Company is a Cayman exempt company, formed as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company intends to focus on opportunities with established, profitable companies with attractive market positions and/or growth potential that can leverage our management team’s experience and expertise. The Company is led by its Chairman of the Board and Chief Executive Officer, James S. Cassel, and its Chief Operating Officer and Chief Financial Officer, Scott Salpeter.

    EarlyBirdCapital, Inc. acted as the book-running manager for the offering and IB Capital acted as co-manager for the offering. The offering was made by means of a prospectus. Copies of the prospectus may be obtained from EarlyBirdCapital, Inc., 366 Madison Avenue, New York, New York 10017, Attention: Syndicate Department, or (212) 661-0200.

    A registration statement relating to these securities was filed with the Securities and Exchange Commission (the “SEC”) and was declared effective on June 30, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    FORWARD-LOOKING STATEMENTS

    This press release contains statements that constitute “forward-looking statements.” No assurance can be given that the net proceeds of the offering will be used as indicated in the offering prospectus. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Contact:

    James S. Cassel, CEO
    jcassel@cs-ib.com
    305-438-7700

    Scott Salpeter, CFO
    ssalpeter@cs-ib.com
    305-438-7700

    The MIL Network –