Category: Business

  • MIL-OSI Banking: Verizon Business unveils Digital Agent, a new sales model geared to supercharge its Partner Network

    Source: Verizon

    Headline: Verizon Business unveils Digital Agent, a new sales model geared to supercharge its Partner Network

    NEW YORK – Verizon Business announced a new sales model, Digital Agent, created to bolster new business opportunities for existing and new partners in the Verizon Partner Network. Digital Agent enables channel partners to sell Business Internet, connected laptops and tablets with no deal registration, opportunity or lead required. Partners on the platform can sell on behalf of Verizon Business in a new way designed to help facilitate seamless sales with greater benefit to the customer.

    “Digital transformation is at the core of increasing efficiencies and creating simplicity in our business, especially when it comes to enabling our partner ecosystem with new tools and resources. Our partners need to transact quickly from quoting to activation, ultimately seeking seamless API integration with our systems. Our team created Digital Agent as a key enabler on this journey,” said Mark Tina, Channel Chief and Vice President of Indirect Partner Sales for Verizon Business. “When you think about the trends that are taking the workforce by storm, for example the skyrocketing popularity of connected laptops, it is clear that partners and customers need an avenue to obtain these assets quickly and reliably. Digital Agent opens up doors for our partners to cast a wide net and sell more quickly, while the customers we serve can get the tools they need to help their business grow.”

    Partners can access Digital Agent from anywhere in the field via their online portal. In the portal, partners easily view products with prospects, build a shopping cart, and send to the customer for them to place their order in one fell swoop. The user-friendly portal was designed with customers and partners in mind, giving partners the needed flexibility to simply create a quote and sell, all in one spot.

    Verizon Business is continuously sourcing feedback from its channel partners, and the launch of this new model is a direct result of these ongoing conversations. Digital Agent opens up a new way for partners in the Verizon Partner Network to sell key products that will benefit their customers while they’re on the go. Connect with the Verizon Partner Network to find the right indirect agent model for you.

    MIL OSI Global Banks

  • MIL-OSI USA: North Carolina Physician and Medical Practice Agree to Pay $625,000 to Settle Kickback Allegations

    Source: US State of California

    Dr. Eric Troyer, of Landis, North Carolina, and his medical practice, Troyer Medical Inc. P.C. (TMI), have agreed to pay $429,254 to the United States to resolve alleged False Claims Act violations arising from their involvement in laboratory kickback schemes. Troyer and TMI will pay an additional $195,746 to the State of North Carolina, which jointly funded claims paid by the North Carolina Medicaid program. Troyer and his practice have agreed to cooperate with the Justice Department’s investigations of other participants in the alleged schemes.

    “Kickbacks to healthcare providers can undermine the integrity of taxpayer-funded healthcare programs and medical decision making,” said Principal Deputy Assistant Attorney General Brian M. Boynton, head of the Justice Department’s Civil Division. “We will continue to pursue those who pay or receive illegal financial inducements, including unlawful inducements for laboratory testing.”

    The Anti-Kickback Statute prohibits offering, paying, soliciting or receiving remuneration to induce referrals of items or services covered by Medicare, Medicaid, TRICARE and other federally funded healthcare programs. The Anti-Kickback Statute is intended to ensure that medical providers’ judgments are not compromised by improper financial incentives and are instead based on the best interests of their patients.

    The settlement announced today resolves allegations that, from August 2015 to November 2021, Troyer and his medical practice received kickbacks from a laboratory in Anderson, South Carolina, in return for Troyer’s referrals to that laboratory. According to the settlement, the kickbacks to Troyer and his medical practice allegedly were disguised as payments for purported phlebotomy services, rental of office space and the lease of a chemistry analyzer machine and resulted in the submission of false or fraudulent laboratory testing claims to Medicare, Medicaid and TRICARE in violation of the False Claims Act.

    “Patients should be able trust that their healthcare provider’s recommendations are for their well-being and not for the provider’s financial gain,” said U.S. Attorney Adair Ford Boroughs for the District of South Carolina. “We will continue to hold accountable those who undermine the integrity of the healthcare system by giving or receiving kickbacks.”

    “This resolution demonstrates the FBI’s dedication to addressing violations that undermine the public’s trust in our healthcare systems,” said Special Agent in Charge Steve Jensen of the FBI Columbia Field Office. “The FBI, along with our law enforcement and regulatory partners, remains committed to ensuring healthcare professionals provide transparent and ethical standards of service.”

    “Kickback arrangements aimed at improperly influencing medical decisions will remain a top investigative priority for our agency,” said Special Agent in Charge Tamala E. Miles of the Department of Health and Human Services Office of Inspector General (HHS-OIG). “Our ongoing enforcement efforts in this area are focused on protecting the integrity of taxpayer-funded healthcare programs like Medicare and Medicaid, and preventing schemes that could improperly manipulate the healthcare decisions of patients and their doctors.”

    “Improper financial relationships between physicians and laboratories undermine patient healthcare and trust,” said Special Agent in Charge Christopher Dillard of Department of Defense Office of Inspector General, Defense Criminal Investigative Service (DCIS) Mid-Atlantic Field Office. “Kickbacks should never be a consideration in a medical practice selecting a company for laboratory testing. DCIS will continue to bring to justice medical providers who illegally enrich themselves at the expense of the American taxpayer and wellbeing of our Warfighters.”

    The settlement was the result of a coordinated effort between the Civil Division’s Commercial Litigation Branch, Fraud Section, and the U.S. Attorney’s Office for the District of South Carolina, with assistance from HHS-OIG, DCIS, FBI and the Medicaid Investigations Division of the North Carolina Attorney General’s Office.

    Senior Trial Counsel Christopher Terranova of the Civil Division’s Commercial Litigation Branch, Fraud Section, and Assistant U.S. Attorney Beth C. Warren for the District of South Carolina handled the case. The United States previously resolved allegations that other physicians in South Carolina, North Carolina and Texas received kickbacks from the same laboratory.

    The government’s pursuit of this matter illustrates the government’s emphasis on combating health care fraud. One of the most powerful tools in this effort is the False Claims Act. Tips and complaints from all sources about potential fraud, waste, abuse and mismanagement can be reported to HHS at 1-800-HHS-TIPS (800-447-8477).

    The claims resolved by the settlement are allegations only. There has been no determination of liability.

    MIL OSI USA News

  • MIL-OSI Canada: Government of Canada recognizes Colored Hockey League of the Maritimes as an event of national historic significance The Colored Hockey League of the Maritimes exemplifies how African Canadian communities in the Maritimes fought for equality in sports and used hockey to advance social change in Canada.

    Source: Government of Canada News (2)

    The Colored Hockey League of the Maritimes exemplifies how African Canadian communities in the Maritimes fought for equality in sports and used hockey to advance social change in Canada.

    October 9, 2024                         Gatineau, Quebec                                   Parks Canada

    Today, the Honourable Steven Guilbeault, Minister of Environment and Climate Change and Minister responsible for Parks Canada, announced the designation of the Colored Hockey League of the Maritimes as an event of national historic significance under Parks Canada’s National Program of Historical Commemoration.

    In 1895, Black Baptist leaders in Halifax created three hockey teams – the Eurekas, the Jubilees, and the Stanleys – in hopes of attracting young men of African descent to Sunday worship and fostering a sense of pride within the community. This small local league would soon grow into the Colored Hockey League of the Maritimes (CHLM), a competitive all-Black league in Nova Scotia and Prince Edward Island, the only all-Black league in Canadian history. During this time, obvious anti-Black racism influenced the few existing hockey leagues to exclude/prevent Black players from joining their teams. At the same time, the league and its players faced many barriers, including limited access to indoor rinks and ice time. This meant that CHLM games were often played in poor conditions.

    However, hundreds of determined men would go on to play in the league throughout its 30-year existence, entertaining large multiracial crowds and impressing mainstream journalists who reported on the fast, physical, and innovative brand of hockey the CHLM would become known for. It was in this league that many fundamental techniques – such as the slapshot and butterfly-style goaltending – were first introduced. The league would serve as a means for effecting social change and promoting equality for Black Nova Scotians throughout its time.

    The CHLM endured through several hurdles, at one point suspending its operations and later having to rebuild as many of its members had served overseas during the First World War. Despite this determination, the continued racism the league and its players faced on and off the ice, coupled with economic and wartime factors, eventually led to the league’s decision to disband in 1925. CHLM players inspired generations of Black youth to perfect/sharpen their athletic skills and, eventually, to compete at the highest levels.

    The Government of Canada, through the Historic Sites and Monuments Board of Canada and Parks Canada, recognizes significant persons, places, and events that have shaped our country as one way of helping Canadians connect with their past. By sharing these stories with Canadians, we hope to foster understanding and reflection on the diverse histories, cultures, legacies, and realities of Canada’s past and present. 

                                                                                                                               -30-

    • Under the management of James A. R. Kinney and James Robinson Johnston, early 20th-century leaders for the advancement and equality of Black Nova Scotians, the league served as a means for effecting social change. 

    • CHLM matches attracted large and multiracial crowds and press coverage. In 1905–1906, however, a major dispute pitted leaders of the African Canadian community against landowners and the Halifax administration when railway companies wanted to run tracks through the seaside community of Africville, resulting in the CHLM losing ice time.

    • The Dartmouth Jubilees’ original goaltender, Henry Franklyn, introduced the butterfly style of goaltending in 1900, and around that time, the Halifax Eurekas’ Eddie Martin began using the slapshot. That was before these techniques seem to have been permitted in other Canadian leagues, and decades before the slapshot was introduced in the National Hockey League (NHL).

    • The designation process under Parks Canada’s National Program of Historical Commemoration is largely driven by public nominations. To date, more than 2,260 designations have been made nationwide. To nominate a person, place or historic event in your community, please visit the Parks Canada website for more information: https://parks.canada.ca/culture/designation/proposer-nominate.

    • Created in 1919, the Historic Sites and Monuments Board of Canada advises the Minister of Environment and Climate Change regarding the national significance of persons, places, and events that have marked Canada’s history. Together with Parks Canada, the Board ensures that subjects of national historic significance are recognized under Parks Canada’s National Program of Historical Commemoration and these important stories are shared with Canadians. 

    • Parks Canada is committed to working with Canadians in our efforts to tell broader, more inclusive stories in the places that it manages. In support of this goal, the Framework for History and Commemoration outlines a new, comprehensive, and engaging approach to sharing Canada’s history through diverse perspectives, including shedding light on tragic and difficult periods of Canada’s past.

    Oliver Anderson
    Director of Communications     
    Office of the Minister of Environment and Climate Change
    819-962-0686
    oIiver.anderson@ec.gc.ca

    MIL OSI Canada News

  • MIL-OSI USA: How to Replace Lost Documents in North Carolina

    Source: US Federal Emergency Management Agency

    Headline: How to Replace Lost Documents in North Carolina

    How to Replace Lost Documents in North Carolina

    Raleigh NC – When applying for FEMA assistance after Tropical Storm Helene, North Carolinians may need to provide proof of identity, residence and other documentation. Here are some steps to help you replace important documents that were lost or damaged in the storm.

    Insurance policy information: Call your insurance company or agent and ask for a copy of your policy, including the Declaration Page. 

    Birth and death certificates, marriage and divorce documents: Order certificates online: NCDHHS: DPH: NC Vital Records: Order a Certificate

    Driver Licenses: If your driver license has been lost or damaged, you may apply for a replacement at any driver license office. Standard licenses may also be replaced online: Official NCDMV: License Renewal & Replacement (ncdot.gov). If there is a change of address, North Carolina driver license or ID card holders have 30 days to update their address on the credential.

    Social Security Cards: Replace Social Security card | SSA. You may be able to do this online, or you can fill out an application for a Social Security card and bring it to your local office along with unexpired identification. Documents must be original or have a signature, stamp, or raised seal from the issuing agency, no photocopies.

    Medicare Cards: To replace your card, call Medicare at 800-633-4227(TTY 877-486-2048), visit your local Social Security office, request a new card through you online account with Social Security or visit MyMedicare.gov.

    Green Card: Go to uscis.gov and complete the Form I-90 application to replace a permanent resident card, and file it online or by mail. Replace Your Green Card | USCIS.

    Passports: How to Report a Passport Lost or Stolen (state.gov).

    Federal Tax Returns: About Form 4506, Request for Copy of Tax Return.

    Military Records: Request Military Service Records | National Archives.

    For the latest information about North Carolina’s recovery, visit fema.gov/disaster/4827. Follow FEMA on X at x.com/femaregion4 or on Facebook at facebook.com/fema.

    barbara.murien…

    MIL OSI USA News

  • MIL-OSI: Sky Quarry Announces Closing of Public Offering of $6.7 Million

    Source: GlobeNewswire (MIL-OSI)

    Shares to Begin Trading on NASDAQ on October 10, 2024, Under the Ticker Symbol “SKYQ”

    WOODS CROSS, Utah, Oct. 09, 2024 (GLOBE NEWSWIRE) — Sky Quarry Inc. (“Sky Quarry,” “SKYQ,” or the “Company”), an oil production, refining, and development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and the remediation of oil-saturated sands and soils, today announced it raised $6,708,030 through the sale of 1,118,005 shares of its Common Stock priced at $6.00 per share. Sky Quarry expects the stock to begin trading on NASDAQ under the ticker symbol “SKYQ” on October 10, 2024.

    “I would like to thank our 10,000+ individual investors who have believed in our Company and helped us get to this point in our journey. Looking ahead, we believe that our ECOSolv technology enables Sky Quarry to reduce the more than 15 million tons of waste asphalt shingles generated annually, the vast majority of which is dumped into U.S. landfills. By conserving resources, reducing landfill waste, and minimizing emissions, we are actively leading the energy transition towards more sustainable methods,” said David Sealock, Chief Executive Officer of Sky Quarry Inc.

    Digital Offering, LLC, acted as the lead managing selling agent for the offering. “As pioneers in Regulation A+ and the JOBS Act for years, having developed a methodology that allows companies to reach a diverse audience of investors and trade on a National Securities Exchange, we are thrilled to be a part of this historic moment for Sky Quarry. Companies that utilize Regulation A+ for their initial capital raises can graduate to National Securities Exchanges to access the capital markets while providing liquidity to the initial supporters and investors,” said Mark Elenowitz, Managing Director of Digital Offering.

    About Sky Quarry Inc.

    Sky Quarry Inc. and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and the remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit http://www.skyquarry.com.

    Forward-Looking Statements

    This press release may include ”forward-looking statements.” All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the offering statement filed with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained.      

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    SKYQ@mzgroup.us
    http://www.mzgroup.us

    Company Website

    http://www.skyquarry.com

    The MIL Network

  • MIL-OSI Canada: Governments investing to improve Ontario farmland

    Source: Government of Canada News

    News release

    Canada and Ontario funding 213 projects to enhance the resilience of agricultural lands

    October 9, 2024 – Straffordville, Ontario  –  Agriculture and Agri-Food Canada

    The governments of Canada and Ontario have awarded over $12.2 million in support to 213 projects designed to help farmers make their agricultural lands more healthy and resilient.

    The funding, through the first intake of the Resilient Agricultural Landscape Program, is supporting the planting of grasslands and trees, reducing tillage, and creating water retention ponds. These improvements help farmers increase their resilience against extreme weather events and enhance the health of their soil and water, while boosting biodiversity on their properties.

    Funding amounts vary according to the type and scope of the project. As funding is still available through the second intake of the initiative which opened on June 3rd 2024, farmers are encouraged to apply through the Ontario Soil and Crop Improvement Association website. Eligible applicants could receive $30 per acre for reduced tillage, and up to $25,000 per acre for the establishment of new wetlands on agricultural lands.

    The Sustainable Canadian Agricultural Partnership is a 5-year (2023-2028), $3.5-billion investment by federal, provincial, and territorial governments to strengthen competitiveness, innovation, and resiliency of Canada’s agriculture, agri‐food, and agri‐based products sector. This includes $1 billion in federal programs and activities and a $2.5 billion commitment cost-shared 60% federally and 40% provincially/territorially for programs designed and delivered by the provinces and territories.

    Quotes

    “Our hardworking farmers face many challenges that are outside of their control, especially when it comes to extreme weather events and the impacts from climate change. Through the Resilient Agricultural Landscape Program, we can help them protect their land against these unpredictable challenges so they can continue to grow and succeed for generations to come.”

    – The Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food. 

    “We want to support our world-class Ontario farmers with lasting on-farm improvements to help secure long-term growth and environmental resilience for a stronger agri-food sector. We strongly encourage our farmers to apply and take advantage of the Resilient Agricultural Landscape Program, as funding remains available and open for new applications. This is an exceptional opportunity that we want extended across Ontario’s almost $51 billion agricultural sector.”

    – Rob Flack, Ontario Minister of Agriculture, Food and Agribusiness

    “Ontario famers know good stewardship and best management practices are the key to soil health and building long term sustainability on our farms. OSCIA is pleased to deliver the Resilient Agricultural Landscape funding program under the Ontario Agricultural Sustainability Initiative to Ontario farmers to complete projects including reduced tillage, creating water retention ponds and wetlands, and establishing natural grasslands that reduce greenhouse gas emissions and help sequester carbon.”

    –  Phil Oegema, President – Ontario Soil and Crop Improvement Association

    Quick facts

    • The Resilient Agricultural Landscape Program (RALP) is being delivered by the Ontario Soil and Crop Improvement Association (OSCIA) and is helping Ontario reach the goals outlined in the Grow Ontario Strategy, which includes strengthening the stability of the agri-food supply chain. 

    • The second intake includes several continuous improvement updates to ensure the program continues to meet its intended purpose, including clarifying eligible activities and revising selected acreage-based rates and length of land use terms to better align funding incentives with intended outcomes.

    • Additional programming is being planned through RALP.

    Associated links

    Contacts

    For media:

    Annie Cullinan
    Director of Communications
    Office of the Minister of Agriculture and Agri-Food
    annie.cullinan@agr.gc.ca

    Media Relations
    Agriculture and Agri-Food Canada
    Ottawa, Ontario
    1-866-345-7972
    aafc.mediarelations-relationsmedias.aac@agr.gc.ca
    Follow us on Twitter, Facebook, Instagram, and LinkedIn 
    Web: Agriculture and Agri-Food Canada  

    Makena Mahoney
    Minister’s Office
    Makena.Mahoney@ontario.ca

    Meaghan Evans
    Communications Branch
    OMAFRA.media@ontario.ca
    519-826-3145

    MIL OSI Canada News

  • MIL-OSI: gStore by GreyOrange Unveils SoftFence – Next-Generation Virtual Shielding for RFID-Driven Retail Operations

    Source: GlobeNewswire (MIL-OSI)

    GreyOrange’s gStore, a B2B SaaS real-time inventory management and store execution platform, further optimizes store performance with new smart algorithm-driven technology, SoftFence, to precisely control RFID read zones

    ATLANTA, Oct. 09, 2024 (GLOBE NEWSWIRE) — GreyOrange Inc., a global leader in AI-driven technology, introduces SoftFence, a groundbreaking virtual shielding technology from its renowned, state-of-the-art retail software as a service (SaaS) platform, gStore. Designed to enhance store execution through real-time inventory management and intelligent tasking, gStore is already trusted for implementing over 250 overhead RFID-enabled stores, which is a global first.

    “gStore’s SoftFence introduces virtual zoning capabilities for retailers, which is a step towards comprehending their portfolio for implementing handheld-only stores,” said Troy Siwek, gStore General Manager, GreyOrange. “SoftFence builds on gStore’s cutting-edge capabilities by incorporating selective reading, signal manipulation, and dynamic control to ensure data security and precise inventory accuracy by creating distinct store sections – including backroom vs. sales floor – without any physical barriers.”

    This smart algorithm-driven technology prevents RFID signal leakage and allows only authorized RFID readers to access tag information, preventing unauthorized scans by manipulating signal strength and timing, allowing retailers to further optimize omnichannel fulfillment and streamline operations. SoftFence also supports real-time adjustments based on store needs, offering unmatched flexibility.

    Moreover, SoftFence can integrate with existing systems, enabling seamless implementation without additional hardware investments. SoftFence uses advanced machine learning algorithms to analyze RFID signals, improving stocktake accuracy and reducing read errors. As a cost-effective solution, it optimizes sub-location data, aiding efficient restocking and enhancing store operations.

    SoftFence is the next evolution in gStore’s mission to empower retailers with comprehensive, easily deployable solutions that elevate store performance, improve customer experiences, and simplify operations.

    Learn more by visiting gstore.greyorange.com.

    About gStore by GreyOrange
    gStore by GreyOrange is a state-of-the-art, easily deployable retail SaaS application designed to enhance store execution through real-time inventory management and actionable insights. The platform empowers retailers to maintain precise inventory control, enables intelligent tasking, streamlines store operations, manages omnichannel order fulfillment and elevates customer experiences with smart technologies.

    About GreyOrange
    GreyOrange Inc. is at the forefront of AI-driven robotics systems, transforming distribution and fulfillment centers worldwide. Its emphasis on orchestration, innovation, and customer satisfaction marks a new era in efficient, responsive supply chain solutions. The company’s solutions offer a competitive advantage by increasing productivity, empowering growth and scale, mitigating labor challenges, reducing risk and time to market, and creating better experiences for customers and employees. Founded in 2012, GreyOrange is headquartered in Atlanta, Georgia, with offices and partners across the Americas, Europe, and Asia. For more information, visit http://www.greyorange.com.

    Media Contact
    Leah R H Robinson, APR
    LeadCoverage
    leah@leadcoverage.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b1b96b34-e38d-496a-8763-0db07676c4d3

    The MIL Network

  • MIL-OSI: Companjon achieves fourth consecutive ‘world’s most innovative insurtechs’ recognition from FinTech Global

    Source: GlobeNewswire (MIL-OSI)

    • The leading insurtech player launched its dynamic insurance products earlier this year, leveraging AI and machine learning to ‘right-size’ protection, an industry first.
    • The company has also recently expanded geographically to include the US and UK, and is on track to quadruple last year’s 33 million generated transactions by year’s end.

    DUBLIN, Oct. 09, 2024 (GLOBE NEWSWIRE) —  Companjon, a leading insurtech start-up specializing in end-to-end, dynamic embedded insurance solutions, was today recognized on the 2024 InsurTech100, its fourth consecutive year of inclusion on the list. The InsurTech100, published by FinTech Global, is an annual report that identifies the world’s most innovative insurtechs, as decided by a panel of experts and analysts. The award places Companjon at the forefront of industry leaders and investors.

    Companjon, headquartered in Dublin, Ireland, has experienced tremendous growth year-over-year since it was established in 2020. In the last year alone, the company launched its dynamic insurance products, signed new partnerships with major banking and mobility brands Erste Bank, Omio, and Carwiz, expanded the geographic footprint of their solutions to protect customers in the US and UK, and is on track to quadruple last year’s 33 million generated transactions. The dynamic insurance products, which utilize machine learning and artificial intelligence on consumer behavior to offer the right level of coverage at the right time for the right price, are an insurance industry first.

    Companjon CEO, Matthias Naumann, said: “We are delighted to once again be recognized as one of the world’s most innovative insurtechs with our fourth consecutive inclusion on the InsurTech100 list. The 2024 recognition is particularly rewarding as we round out a banner year for our business with the introduction of boundary-breaking dynamic solutions, expansion into new geographies, and collaboration with more big, leading brands. Companjon’s success can be attributed, with thanks, to our business partners, who also endeavor to go where none have gone before, and our incredibly diverse and talented team.”

    FinTech Global CEO, Richard Sachar, said: “We congratulate Companjon on its fourth consecutive appearance in our InsurTech100 list. We have had the pleasure of watching Companjon achieve proof of concept in its earliest days and emerge as one of today’s leaders in the insurtech space. We applaud Companjon’s contribution to transforming the insurance industry, particularly with its dynamic insurance products launched earlier this year. We look forward to seeing what the next year has in store for them.”

    Companjon seeks to change the way people think about insurance. The company has implemented a variety of fully digital and frictionless insurtech products with leading, globally recognized brands in the travel, mobility, live events and entertainment, and fintech sectors. Its unparalleled end-to-end solutions, which include the unique ability to serve as its own underwriter and risk carrier, delight their business partners’ customers with protection that provides the ultimate in flexibility and convenience across 32 countries in Europe and North America.

    About Companjon 

    Companjon is a leading B2B2C insurtech start-up specializing in fully digital, AI-driven embedded insurance. Its modern, end-to-end insurance solutions enable companies to delight their customers and drive more business value from stronger brand loyalty and new ancillary revenue opportunities. Companjon designs, builds, and underwrites its dynamic solutions on a 100% cloud-based platform capable of issuing 32,000 policies per second, integrating API gateways easily, and leveraging the latest advanced technology. It has been recognized as one of the World’s Top Insurtech Companies 2024 by CNBC and one of the world’s most innovative insurtechs by FinTech Global for four consecutive years (2021-2024).

    Companjon seeks to change the way people think about insurance by creating seamless and positive experiences when things don’t go as planned: being right there when ‘life’ happens. The company is registered in Ireland and regulated by the Central Bank of Ireland.

    http://www.companjon.com

    Media Contact:
    Kimberly Littlefield
    +353 (0)86 107 0416
    press@companjon.com

    The MIL Network

  • MIL-OSI: Native USDC on Sui – available through NAVI Protocol

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, Panama, Oct. 09, 2024 (GLOBE NEWSWIRE) — At the recent Token2049 event, the Sui Foundation made a significant announcement regarding the imminent support for native USDC on the Sui network.

    Currently, NAVI stands as the top DeFi protocol on Sui, with $120M in USDC liquidity. This constitutes the 3rd largest USDC supply in the industry, next to Aave and Compound. As the inaugural liquidity protocol on Sui, NAVI will integrate Circle’s native USDC asset on DAY 1.

    As more blockchain networks adopt USDC, with Sui being the latest addition, the role of permissionless composability—one of the fundamental principles of Web3—becomes increasingly important. This principle has fueled the rapid expansion of new applications and blockchain networks by leveraging existing open technologies.

    The integration of Circle’s USDC stablecoin directly into the Sui network enhances capital efficiency and improves the user experience across several dimensions.

    This milestone strengthens Sui’s standing in the blockchain industry, and NAVI will fully support native USDC by offering a suite of migration features and a capital-efficient native USDC Liquidity Pool.

    Native vs Bridged USDC on Sui

    Native USDC offers distinct advantages compared to bridged USDC (wUSDC). Native issuance guarantees that the asset is fully reserved and can always be redeemed 1:1 for US dollars. This adds a layer of trust for developers and users alike, who can rely on the integrity of the underlying asset.

    The introduction of native USDC to the Sui network simplifies transaction processes and enhances liquidity within the ecosystem. Users will now have the ability to access USDC directly on Sui, which streamlines workflows and increases overall value for participants.

    Moreover, with the adoption of Cross-Chain Transfer Protocol (CCTP), users can eliminate delays typically associated with bridge withdrawals, thereby establishing a new standard for blockchain efficiency.

    Native USDC available on NAVI

    In its pursuit to provide the highest level of asset composability on the Sui network, the NAVI Protocol will fully integrate native USDC as a lending and borrowing liquidity pool. As part of a broader ecosystem initiative, NAVI aims to incentivize users to transition away from bridged USDC and adopt native USDC entirely.

    To facilitate this shift, NAVI will introduce several in-application features designed to streamline the transition, including native USDC liquidity support, flash loan capabilities, and other functionalities. A comprehensive migration plan will be shared in the coming days, outlining the steps necessary for a seamless transition.

    This complete migration is poised to significantly enhance the user experience and promote wider adoption of the Sui ecosystem.

    Conclusion

    The introduction of native USDC on Sui represents a substantial upgrade over the bridged version, offering enhanced functionality and a superior user experience.

    NAVI Protocol is committed to delivering the best possible experience for lending and borrowing, which includes the integration of native USDC, fully backed by US dollars and redeemable on a 1:1 basis. The upcoming migration plan is expected to accelerate the adoption of native USDC, thereby contributing to the growth and improvement of the Sui DeFi ecosystem.

    Contact:
    Ivan Djordjevic
    team@naviprotocol.io

    Disclaimer: This content is provided by NAVI PROTOCOL . The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/f126000c-76f8-4fbd-a4ac-f9de36f15d97
    https://www.globenewswire.com/NewsRoom/AttachmentNg/d9a86eb7-2ead-49b4-ad52-5f892afac5d7

    The MIL Network

  • MIL-OSI: Commercial insurance market projects stability as rates moderate across most lines of business

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) — According to the latest Insurance Marketplace Realities report from WTW (Willis Towers Watson, NASDAQ: WTW), a leading global advisory, broking and solutions company, commercial insurance rates have demonstrated balance and stability throughout the year across North America. Jon Drummond, Head of Broking, North America, WTW, commented, “The industry has not categorically rewritten its position on any one line of business, but rather has taken micro-actions reacting to emerging trends.”

    WTW reports that new capital in both the reinsurance and retail marketplace has led to increased competition for premium market share, excluding umbrella and excess liability. This trend has played out across the industry, which is particularly meaningful in 1st party business where capacity was a challenge at the outset of 2024.

    Capacity remains a driving force in delivering soft market conditions for financial lines. While WTW advises that it may be premature to call it a trend, there appears to be mounting focus on rate adequacy in mid-excess Directors & Officers Liability. In addition, the Cyber market projects flat to mid-single digit rate decreases across most renewals in the near term.

    In casualty, Umbrella & Excess liability has seen the most amount of disruption. Loss costs continue to rise due to factors including legal system abuse, litigation financing, and the growth of concerns such as forever chemicals, to which the insurance market has responded by reducing lines of capacity available to insureds and pushing renewal rates past high single-digit.

    WTW’s Marketplace Realities report concludes that while the industry is facing evolutionary change across many lines of business – e.g. climate change, nuclear verdicts, new capital entrants, etc. – the market should deliver relatively stable renewal conditions across most lines of business as the year comes to a close.

    Drummond added, “It goes without saying that the current state of affairs might only be one major hurricane away from being upended, and with Milton knocking on the door, the probability of disruption is growing.”

    Key Price Predictions for 2024

    Property
    CAT-exposed -5% to +10%
    Non-CAT exposed -5% to +5%
    Domestic casualty
    General liability +2% to +8%
    Umbrella (high hazard) +8% to +15%
    Excess (high hazard) +10% +
    Excess (low hazard) +2% to +7%
    Workers’ compensation -5% to +2%
    Auto +4% to +10%
    International Flat
    Executive risks
    Directors’ and officers’ public company (primary) -10% to Flat
    Directors’ and officers’ private / not-for-profit (overall) -10% to Flat
    Side A / DIC -10% to Flat
    Errors and omissions (large law firms) +2% to +8%
    Employment practices liability (primary) -5% to +5%
    Fiduciary (financial institutions) -5% to +5%
    Cyber
    Cyber -5% to Flat
    Political risk
    Most risks Flat to +20%
    Terrorism and political violence
    Terrorism and sabotage Flat to +10%        Non-volatile territories
    +10% to +25%     Volatile territories
    Political violence Flat to +15%        Non-volatile territories
    +15% to +30%     Volatile territories
       

    About WTW

    At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

    Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at wtwco.com.

    Media Contacts

    Douglas Menelly, Public Relations Lead, North America
    Douglas.Menelly@wtwco.com | +1 (516) 972 0380

    Arnelle Sullivan, Public Relations Associate, North America
    Arnelle.Sullivan@wtwco.com | +1 (718) 208-0474

    The MIL Network

  • MIL-OSI: Publication of a Prospectus and Relevant Related Party Transaction

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.

    THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS.

    HARGREAVE HALE AIM VCT PLC

    LEI: 213800LRYA19A69SIT31 

    9 October 2024

    Publication of a Prospectus and Relevant Related Party Transaction

    Offer for Subscription

    Further to the announcement on 18 September 2024, the Board of Hargreave Hale AIM VCT plc (the “Company“) is pleased to announce that the Company has today published a prospectus (the “Prospectus“) in relation to an offer for subscription under which the Company is seeking to raise up to £20 million (the “Offer“).

    The Offer is now open and will close at 12.00 p.m. on 12 August 2025 (unless fully subscribed by an earlier date or closed at the Directors’ discretion). Persons intending to apply for ordinary shares under the Offer for the 2024/25 tax year should note that the deadline for such applications is 5.00 p.m. on 21 March 2025.

    Persons wishing to participate in the Offer must complete an Electronic Application Form (available at http://www.hargreaveaimvcts.co.uk) accompanied by electronic payment and follow the instructions given. The Board is of the view that the Electronic Application Form is the most efficient and cost-effective way for investors to participate in the Offer.

    Early Bird Discount

    Canaccord Genuity Asset Management Limited (“CGAM“) will offer an “early bird discount” of up to 2 per cent. on the initial fee for those applications received by CGAM by 5.00 p.m. on Friday, 29 November 2024, subject to a maximum aggregate subscription under the “early bird offer” of £10 million. The 2 per cent. discount (to the standard 3.5 per cent. initial fee) will only apply to applications which do not trigger the payment of introductory commission to a Financial Intermediary. In such cases, the available discount will fall to 1 per cent. Discounts are paid through the allotment of additional Offer Shares to the Investor. CGAM reserves the right to vary the terms of the “early bird offer”, including to revoke such offer, at any time and in its sole discretion.

    Relevant Related Party Transaction

    As part of the Offer, the Company has entered into an offer agreement with CGAM, dated 9 October 2024 (the “Offer Agreement“). Under the Offer Agreement, CGAM has agreed to administer the Offer, act as receiving agent to the Company in relation to the Offer and to use its reasonable endeavours to procure subscribers for shares in the Company. As consideration for the services to be provided under the Offer Agreement, the Company shall pay CGAM a fee of 3.5 per cent. of the gross proceeds of the Offer. Out of this fee, CGAM shall pay all costs and expenses of and incidental to the Offer and the preparation of the Prospectus.

    The investment manager of the Company is CGAM. Under the Listing Rules of the FCA, a related party of a closed-ended investment fund includes the investment manager of the fund. As such, the arrangement under the Offer Agreement constitutes a relevant related party transaction as defined in UKLR 11.5.4R. The Board considers the arrangement under the Offer Agreement to be fair and reasonable as far as the shareholders of the Company are concerned having been so advised by the Company’s sponsor, Howard Kennedy Corporate Services LLP.

    The Prospectus is available to download from the Company’s website, http://www.hargreaveaimvcts.co.uk, subject to certain access restrictions. The Prospectus will also shortly be available for inspection at the National Storage Mechanism, https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

    All capitalised terms used and not defined in this announcement shall have the same meaning as in the Prospectus.

    For further information please contact:

    Oliver Bedford, Canaccord Genuity Asset Management Limited

    Tel: 020 7523 4837

    Important Information

    This announcement is an advertisement for the purposes of the Prospectus Regulation Rules of the UK Financial Conduct Authority (“FCA“) and is not a prospectus. This announcement does not constitute or form part of, and should not be construed as, an offer for sale or subscription of, or solicitation of any offer to subscribe for or to acquire, any ordinary shares in the Company in any jurisdiction, including in or into Australia, Canada, Japan, the Republic of South Africa, the United States or any member state of the EEA (other than any member state of the EEA where the Company’s securities may be lawfully marketed). Investors should not subscribe for or purchase any ordinary shares referred to in this announcement except on the basis of information in the Prospectus in its final form, published today by the Company in connection with the Offer and the proposed admission of new ordinary shares to the Official List of the FCA and to trading on London Stock Exchange plc’s main market for listed securities. A copy of the Prospectus is available for inspection, subject to certain access restrictions, from the Company’s registered office, for viewing at the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company’s website (http://www.hargreaveaimvcts.co.uk). Approval of the Prospectus by the FCA should not be understood as an endorsement of the securities that are the subject of the Prospectus. Potential investors are recommended to read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with a decision to invest in the Company’s securities.

    The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement does not constitute, and may not be construed as, an offer to sell, or the solicitation of an offer to acquire or subscribe for, securities of the Company in any jurisdiction where such offer or solicitation is unlawful or would impose any unfulfilled registration, qualification, publication or approval requirements on the Company or Howard Kennedy Corporate Services LLP. The offer and sale of securities of the Company has not been and will not be registered under the applicable securities laws of Australia, Canada, Japan, the Republic of South Africa or the United States. Subject to certain exemptions, the securities of the Company may not be offered to or sold within Australia, Canada, Japan, the Republic of South Africa, the United States or any member state of the EEA or to any national, resident or citizen of Australia, Canada, Japan, the Republic of South Africa, the United States, or any member state of the EEA.

    This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities of the Company have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to any national, resident or citizen of the United States. No public offering of securities is being made in the United States. In addition, the Company has not been and will not be registered under the US Investment Company Act of 1940, as amended.

    The information in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The material contained in this announcement is given as at the date of its publication (unless otherwise marked) and is subject to updating, revision and amendment. In particular, any proposals referred to herein are subject to revision and amendment.

    This announcement does not constitute a recommendation concerning the Company or the Offer. The price and value of securities and any income from them can go down as well as up. Past performance is not a guide to future performance and prospective investors may not receive any return from the Company. Before purchasing any securities of the Company, persons viewing this announcement should ensure that they fully understand and accept the risks set out in the Prospectus. Information in this announcement or any of the documents relating to the Company or the Offer cannot be relied upon as a guide to future performance. Potential investors should consult a professional adviser as to the suitability of the Offer for them.

    Howard Kennedy Corporate Services LLP, which is authorised and regulated by the FCA, is acting only for the Company in connection with the matters described in this announcement and is not acting for or advising any other person, or treating any other person as its client, in relation thereto and will not be responsible for providing the regulatory protection afforded to clients of Howard Kennedy Corporate Services LLP or advice to any other person in relation to the matters contained herein.

    Neither Howard Kennedy Corporate Services LLP, the Company, or any of their respective parents or subsidiary undertakings, or the subsidiary undertakings of any such parent undertakings, or any of such person’s respective directors, partners, officers, employees, agents, affiliates or advisers or any other person (“their respective affiliates”) accepts (save where required by law) any responsibility or liability whatsoever for/or makes any representation or warranty, express or implied, as to this announcement, including the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

    The MIL Network

  • MIL-OSI: Caldwell U.S. Dividend Advantage Fund Declares Distributions for Q4 2024

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
    OR FOR DISSEMINATION IN THE UNITED STATES

    TORONTO, Oct. 09, 2024 (GLOBE NEWSWIRE) — Caldwell Investment Management Ltd., the manager of Caldwell U.S. Dividend Advantage Fund (the “Fund”), is pleased to announce the payment of distributions on the actively-managed ETF Series of the Fund to unitholders of record as indicated below. The monthly distribution rate of CAD $0.038 per unit of the ETF Series represents an attractive annualized yield on net assets of approximately 2.7%.

    Record Date Payment Date Distribution per Unit
    October 31, 2024 November 6, 2024 CAD $0.038
    November 29, 2024 December 5, 2024 CAD $0.038
    December 31, 2024 January 7, 2025 CAD $0.038
         

    ETF Series unitholders also have the option to participate in the distribution reinvestment plan (“DRIP”) offered by the Fund, which provides investors with the ability to automatically reinvest distributions and realize the benefits of compounded growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    The ETF Series of Caldwell U.S. Dividend Advantage Fund trades on the TSX under the ticker symbol UDA.

    For further information, please visit our website at http://www.caldwellinvestment.com or contact us at 416-593-1798 or 1-800-256-2441.

    The Fund was first offered to the public as a closed-end investment on May 28, 2015 and was converted into an open-end mutual fund effective as of November 15, 2018, with all outstanding units designated as Series F units. The ETF Series of the Fund was launched on March 18, 2020.  Performance of the Fund prior to the conversion date would have differed had the Fund been subject to the same investment restrictions and practices of the current open-end mutual fund.

    Investors are strongly encouraged to consult with a financial advisor and review the Simplified Prospectus and Fund Facts documents carefully prior to making investment decisions about the Fund. Caldwell Investment Management Ltd. makes no representations or warranties on the accuracy and completeness of the information included herein. Certain statements herein contain forward looking information based on certain historical information of the Fund and represent current expectations as of the date of this press release. Actual future results may differ materially due to but not limited to prevailing market conditions, there being no assurance of realizing capital gains and no assurance that issuers held in the portfolio will pay dividends or distributions on their securities. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated. The payment of distributions should not be confused with a fund’s performance, rate of return or yield. If distributions paid are greater than the performance of the fund, your original investment will shrink. Distributions paid as a result of capital gains realized by a fund, and income and dividends earned by a fund, are taxable in your hands in the year they are paid. Your adjusted cost base (“ACB”) will be reduced by the amount of any returns of capital and should your ACB fall below zero, you will have to pay capital gains tax on the amount below zero.

    The MIL Network

  • MIL-OSI: Music Licensing, Inc. (OTC: SONG) Continues Uninterrupted Operations Amid Hurricane Milton Impact

    Source: GlobeNewswire (MIL-OSI)

    Naples, FL , Oct. 09, 2024 (GLOBE NEWSWIRE) — Music Licensing, Inc. (OTC: SONG), a leading diversified music rights management company, announces the temporary closure of its Naples, Florida office due to the impact of Hurricane Milton. While the office remains closed to ensure the safety of staff and comply with local evacuation orders, the company confirms that operations remain fully functional, with no disruption to services.

    In preparation for potential emergencies, Music Licensing, Inc. has long maintained robust contingency plans, including remote work capabilities and redundant systems, which have allowed us to transition seamlessly during this time. Our team continues to manage operations remotely, ensuring that all clients, partners, and stakeholders continue to receive the highest level of service without interruption.

    “Our thoughts are with everyone affected by Hurricane Milton,” said Jake P. Noch, CEO of Music Licensing, Inc. “We have implemented our business continuity protocols to maintain the operational integrity of our services and ensure that our clients experience no lapse in the quality of support they rely on. The safety of our team and community remains a priority, and we are committed to staying fully operational during this challenging time.”

    Music Licensing, Inc. appreciates the understanding and support of its partners and clients during this temporary disruption. The company will continue to monitor the situation and provide updates as needed.

    About Music Licensing, Inc. (OTC: SONG) (ProMusicRights.com)

    Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is a diversified holding company and the fifth public performance rights organization (PRO) formed in the United States. Its licensees include notable companies such as TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and many others. Pro Music Rights holds an estimated market share of 7.4% in the United States, representing over 2,500,000 works by notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sauce Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and countless others, as well as artificial intelligence (A.I.) created music.

    Additionally, Music Licensing, Inc. (OTC: SONG) owns royalty stakes in Listerine “Mouthwash” Antiseptic and musical works by artists such as The Weeknd, Justin Bieber, Kanye West, Elton John, Mike Posner, blackbear, Lil Nas X, Lil Yachty, DaBaby, Stunna 4 Vegas, Miley Cyrus, Lil Wayne, XXXTentacion, Jeremih, Ty Dolla $ign, Eric Bellinger, Ne-Yo, MoneyBagg Yo, Halsey, Desiigner, DaniLeigh, Rihanna, and numerous others.

    Forward-Looking Statements:

    This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

    Non-Legal Advice Disclosure:

    This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.

    Non-Investment Advice Disclosure:

    This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication.

    Contact: investors@ProMusicRights.com

    SOURCE: Music Licensing, Inc

    The MIL Network

  • MIL-OSI: Live Oak Bancshares, Inc. Announces Date of Third Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, N.C., Oct. 09, 2024 (GLOBE NEWSWIRE) — Live Oak Bancshares, Inc. (“Live Oak”) (NYSE: LOB) today announced that it will report its third quarter 2024 financial results after U.S. financial markets close on Wednesday, October 23, 2024.

    In conjunction with this announcement, Live Oak will host a conference call to discuss the company’s financial results and business outlook on Thursday, October 24, 2024, at 9:00 a.m. ET.

    The call will be accessible by telephone and webcast using Conference ID: 04478. A supplementary slide presentation will be posted to the website prior to the event, and a replay will be available for 12 months following the event.

    The conference call details are as follows:

    Live Telephone Dial-In
    U.S.: 800.549.8228
    International: +1 646.564.2877
    Pass Code: None Required

    Live Webcast Log-In
    Webcast Link: investor.liveoakbank.com
    Registration: Name and Email Required
    Multi-Factor Code: Provided After Registration

    About Live Oak Bancshares
    Live Oak Bancshares, Inc. (NYSE: LOB) is a financial holding company and parent company of Live Oak Bank. Live Oak Bancshares and its subsidiaries partner with businesses that share a groundbreaking focus on service and technology to redefine banking. To learn more, visit http://www.liveoakbank.com

    Contacts:
    Walter J. Phifer | CFO
    910.202.6929

    Claire Parker | Investor Relations
    910.597.1592

    The MIL Network

  • MIL-OSI Security: Four Defendants Charged with Multimillion-Dollar Fraud Targeting San Francisco Delivery Company

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    SAN JOSE – A federal grand jury indicted four defendants in an alleged scheme to defraud a San Francisco-based delivery company.

    All four defendants were arrested on Oct. 4, 2024.  Defendants Sayee Chaitanya Reddy Devagiri, 30, and Manaswi Mandadapu, 29, were arrested in Newport Beach, Calif., made their initial appearances in Santa Ana, and were released on bond.  Defendant Matheus Duarte, 29, was arrested in Mountain House, Calif., made his initial appearance in San Jose, and was released on bond.  Defendant Hari Vamsi Anne, 30, was arrested in Cypress, Tex., made his initial appearance in Houston, and was detained pending further proceedings.

    Each defendant is charged with a single count of conspiracy to commit wire fraud.  According to the indictment filed Aug. 7, 2024, and unsealed Oct. 4, 2024, from November 2020 to February 2021, the defendants allegedly worked together to cause the victim company (“Entity One”) to pay for deliveries that never occurred.  Entity One’s business includes providing delivery services to customers in response to orders placed using the company’s platform.  Drivers fulfill those orders by collecting the ordered items from restaurants and other merchants and delivering them to customers.  In furtherance of the scheme, defendants allegedly created fraudulent customer accounts and driver accounts on Entity One’s platform and used the fictitious customer accounts to place orders for delivery.  As alleged in the indictment, using insider access to Entity One’s computer systems, defendants assigned those orders to fraudulent driver accounts, then manipulated Entity One’s computer systems to cause Entity One to pay the fraudulent driver accounts as if individual orders had been delivered hundreds of times.  The scheme allegedly resulted in fraudulent payments exceeding $2,500,000.

    The indictment alleges that the defendants gained access to Entity One’s computer systems using credentials belonging to an employee of Entity One identified as “Individual One.”  Individual One is Tyler Thomas Bottenhorn, a resident of Solano County, Calif., who was briefly employed by Entity One in 2020.  Bottenhorn was not charged in the indictment unsealed on Oct. 4, but he was separately charged by indictment with conspiracy to commit wire fraud in a federal criminal case filed Sept. 29, 2022, and unsealed Oct. 7, 2024.  Bottenhorn pleaded guilty on Nov. 7, 2023, and admitted to being involved in the scheme to defraud Entity One.

    An indictment merely alleges that crimes have been committed, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt. If convicted, each defendant faces a maximum sentence of 20 years in prison, and a fine of $250,000, plus restitution if appropriate.  However, any sentence following conviction would be imposed by the court after consideration of the U.S. Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. § 3553.

    The announcement was made by U.S. Attorney Ismail J. Ramsey and Federal Bureau of Investigation (FBI) Special Agent in Charge Robert K. Tripp.

    This case is being prosecuted by Assistant U.S. Attorneys Michael G. Pitman and Jeffrey D. Nedrow with assistance from Sahib Kaur.  The prosecution is the result of an investigation by the FBI.

    Sayee Chaitanya Reddy Devagiri Indictment
     

    MIL Security OSI

  • MIL-OSI Security: Sacramento County Man Pleads Guilty to Fraud in Connection with Medical Device Sales

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    SACRAMENTO, Calif. — Michael Andrew Scott, 38, of Fair Oaks, pleaded guilty today to wire fraud, U.S. Attorney Phillip A. Talbert announced.

    According to court documents, between June 2018 and June 2022, Scott devised a scheme to defraud investors in his company, Trusted Medical Partnership. Scott told investors that either he or Trusted Medical Partnership received purchase orders from various health care providers for medical devices but lacked the capital to fulfill the orders. Scott solicited and obtained loans from these investors, and, in exchange, promised them substantial returns in a relatively short time with zero risk.

    In reality, Scott’s representations to these prospective investors were false because Scott did not have purchase orders from health care providers. To some of his victims, Scott sent purchase orders that he had doctored or fabricated in order to convince them to lend money. The health care providers listed on these purported purchase orders confirmed that the orders were fake altogether or altered to reflect inflated amounts or other false information. Further, Trusted Medical Partnership was not a legitimate business – while incorporated in the State of California, it conducted no legitimate business transactions, paid no taxes, submitted no wage or employment-related records, and had been suspended in December 2021, before Scott solicited investments on its behalf from some of his victims.

    Scott’s victims lent him money on the basis of his false statements, including the fraudulent purchase orders, but received little to no returns on their investments. Instead, Scott spent the money on gambling at several local casinos (sometimes the same day he received the victims’ money), personal expenses, or payments to other, prior investors in order to keep the scheme running. Collectively, Scott defrauded more than 10 victims of between $250,000 and $550,000.

    This case is the product of an investigation by the Federal Bureau of Investigation. Assistant U.S. Attorney Dhruv M. Sharma is prosecuting the case.

    Scott is scheduled to be sentenced by U.S. District Judge Kimberly J. Mueller on Jan. 14, 2025. Scott faces a maximum statutory penalty of 20 years in prison and a fine of $250,00, or twice the gross gain or gross loss, whichever is greater. In addition to pleading guilty, Scott agreed to pay restitution to his victims of between $338,843 and $550,000. The actual sentence, however, will be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables.

    MIL Security OSI

  • MIL-OSI Security: Bel Air Man Arrested on Indictment Alleging Scheme to Violate United States Sanctions Against Iran

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    LOS ANGELES – A Bel Air man was arrested today on a federal grand jury indictment charging him and two Iranian nationals with violating United States sanctions against Iran by illegally sending to that nation digital and physical gift cards loaded with approximately $2.4 million.

    Kambiz Eghbali, 50, a.k.a. “Cameron Eghbali,” a dual citizen of the United States and Iran, is charged with violations of the International Emergency Economic Powers Act (IEEPA), conspiracy to commit bank fraud, and conspiracy to commit money laundering. His arraignment is scheduled for this afternoon in United States District Court in downtown Los Angeles.

    Hamid Hajipour and Babak Bahizad, both Iranian nationals charged in the indictment, remain at large.

    “Restrictions on exports and transactions with countries that are hostile to the United States, such as Iran, are critical to protecting our nation,” said United States Attorney Martin Estrada. “Nothing is more important than protecting our country from foreign threats and my office will continue to aggressively prosecute those who undermine our national security.” 

    According to the indictment unsealed today, from March 2014 through September 2019, Eghbali and others conspired to unlawfully send digital and physical gift cards loaded with U.S. dollars to Iran. Eghbali would list his company, a North Hills-based purported videogame wholesaler and distributor, as the seller of the gift cards, and would provide cards to Bahizad for the benefit of his Iran-based gaming company, and to Hajipour for the benefit of his mobile software application service company.

    Bahizad and Hajipour would then pay Eghbali for the cards by transferring money from Iran to Eghabli’s U.S.-based bank accounts using third parties in other countries to conceal the transfer from U.S. regulators.

    The IEEPA and the Iranian Transactions and Sanctions Regulations (ITSR) impose controls and restrictions on transactions involving Iran based on the threats posed by Iran to the national security of the United States including, among others, its pursuit of nuclear weapons and sponsorship of terrorism.

    The IEEPA and ITSR, among other things, prohibit the export, reexport, sale, or supply, directly or indirectly, from the United States or by a United States person, wherever located, of any goods, technology, or services, including financial services, to Iran or the Government of Iran without first obtaining authorization from the United States Treasury Department’s Office of Foreign Assets Control.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    If convicted, the defendants face the following maximum penalties: 20 years in prison for violations of the International Emergency Economic Powers Act, 30 years in prison for bank fraud violations, and 20 years in prison for money laundering violations. The indictment also notifies defendants that the United States intends to forfeit all property alleged to be traceable to proceeds of the offense.

    The FBI is investigating this matter with support from Homeland Security Investigations.

    Assistant United States Attorneys Anna Boylan and Mark Takla of the Terrorism and Export Crimes Section are prosecuting this case with Trial Attorneys David J. Ryan and Leslie Esbrook from the National Security Division’s Counterintelligence and Export Control Section.

    MIL Security OSI

  • MIL-OSI USA: Welch Joins Legislation to Build and Renovate Homes for Working Families

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. — Senator Peter Welch (D-Vt.) joined Senators Martin Heinrich (D-N.M.), Ron Wyden (D-Ore.), and Chris Van Hollen (D-Md.) in introducing the New Homes Tax Credit Act, legislation that will provide tax credits to incentivize new investments and additional resources for home construction and renovations for working families. The New Homes Tax Credit Act will address the lack of housing inventory for individuals and families whose incomes are below 120% of the area median income (AMI), particularly including in areas where middle-income families have historically been priced out. In Burlington, Montpelier, and Rutland this added housing inventory would benefit families with annual combined incomes of up to $142,680, $126,480, and $114,000, respectively. 
    “The housing shortage crisis has been brutal for communities across the country. In Vermont, we’ll need at least 30,000 more homes by 2030. We must find new and innovative ways to encourage new construction and renovations of starter homes for lower and moderate-income communities,” said Senator Welch. “Everyone deserves to have a safe and affordable place to live.”  
    “Every New Mexican who’s looked at buying a home knows: housing prices are too high. To solve that, we need to build and renovate more homes. It’s that simple,” said Senator Heinrich. “My New Homes Tax Credit Act will help boost home construction and renovation for middle-income New Mexicans, growing our local economies and giving more working families a shot at success.”  
    “Democrats are focused on attacking the cost of living, and with rents and home prices climbing every year, the key to solving our housing crisis is to build, build, build. That’s what this bill is all about,” said Senator Wyden. “The housing crisis is no longer just about big cities like Portland, it’s all over Oregon and the entire country – urban centers, suburban communities, even a lot of rural areas. Congress needs to look at every available solution that’ll get more housing built so that families don’t have to break the bank to pay the rent every month.”  
    The New Homes Tax Credit (NHTC) would be administered under the Community Development Financial Institutions (CDFI) Fund. The CDFI Fund certifies Housing Development Entities, which can be CDFIs, government and quasi-governmental entities, or non-profits. Following certification, Housing Development Entities will use the capital raised from exchanging their NHTC with investors to provide funds for construction companies that build or renovate single-family homes.   
    The New Homes Tax Credit Act is supported by the Mortgage Bankers Association, National Association of Home Builders, National Association of Realtors, Homewise, Yes Housing, Inc., Housing New Mexico, and Strong Towns Albuquerque.   
    “With a nationwide shortage of roughly 1.5 million housing units, we must increase the supply of housing to ease the nation’s housing affordability crisis,” said Carl Harris, Chairman of the National Association of Home Builders. “NAHB is pleased to support the Affordable Housing Expansion Tax Credit, which would create a new federal program to help finance the construction or renovation of affordable, entry-level housing. With nearly half of U.S. households unable to afford a $250,000 home, we must adopt policies to make homeownership more accessible and increase production of entry-level housing.”  
    Learn more about the New Homes Tax Credit Act.  
    Access a tool to determine the area medium income across the country here. 
    Read the full text of the bill.  

    MIL OSI USA News

  • MIL-OSI USA: With Balloon Fiesta Underway, Luján Highlights Wins From FAA Reauthorization Bill to Protect Hot Air Ballooning

    US Senate News:

    Source: US Senator for New Mexico Ben Ray Luján
    Washington, D.C. – With the Albuquerque International Balloon Fiesta underway, U.S. Senator Ben Ray Luján (D-N.M.), a member of the Senate Committee on Commerce, Science, and Transportation, highlighted key priorities that he secured to help protect hot air ballooning in the Federal Aviation Administration (FAA) Reauthorization Act of 2024 that was passed and signed into law in May.
    “The annual Balloon Fiesta is a vital part of New Mexico’s culture and economy that brings thousands of visitors to our state from around the world,” said Senator Luján, a member of the Senate Committee on Commerce, Science and Transportation. “Over the years, I’ve worked to keep New Mexico as the hot air balloon capital of the world and let the balloons fly without disruption. I am proud to have worked with my colleagues during FAA Reauthorization negotiations to protect our cherished tradition of hot air ballooning that is on full display at this year’s Balloon Fiesta.”
    Earlier this year, as part of the FAA Reauthorization Act, Senator Luján secured a provision to require the FAA to consider the unique capabilities of hot air balloons in future regulations. In 2022, Senator Luján and the New Mexico Delegation successfully pushed the FAA to adjust a policy that would have grounded hot air balloon flights and caused major disruptions to the Albuquerque International Balloon Fiesta.

    MIL OSI USA News

  • MIL-OSI USA: Rep. Sewell Announces $43.9 Million from President Biden’s Bipartisan Infrastructure Law to Replace Lead Pipes and Ensure Clean, Safe Drinking Water in Alabama

    Source: United States House of Representatives – Congresswoman Terri Sewell (AL-07)

    Washington D.C. — Today, U.S. Rep. Terri Sewell (AL-07) announced that the U.S. Environmental Protection Agency (EPA) is awarding $43.9 million to the State of Alabama to support lead pipe replacement and ensure clean, safe drinking water for Alabama communities. She also announced the finalization of a new EPA rule to eliminate all lead pipes in Alabama’s drinking water systems within the next 10 years.

    The new rule and funding are part of the Biden-Harris Administration’s commitment to replacing every lead pipe in America within a decade. They were made possible by President Biden’s historic Bipartisan Infrastructure Law. Rep. Sewell was the only member of Alabama’s congressional delegation to vote in favor of the law.

    “For too long, our most vulnerable Alabamians have had their health and well-being threatened by exposure to lead-contaminated drinking water,” said Rep. Sewell. “But thanks to the Biden-Harris Administration, we are finally putting an end to this historic injustice. As the only Member of Congress from Alabama to vote in favor of President Biden’s Bipartisan Infrastructure Law, I am thrilled that Alabama will be receiving this monumental investment to replace dangerous lead pipes and improve the safety of our drinking water supply. We are so grateful to have an administration that is committed to ensuring every family has clean air to breathe and clean water to drink.”

    Lead in drinking water irreparably harms the health of children and adults and disproportionately impacts lower-income communities and communities of color. Legacy lead pipes, which have delivered drinking water to homes for decades, have exposed generations of Americans to toxic lead and will continue to do so until they are removed. 

    The $43.9 million announced today will flow through Alabama’s Drinking Water State Revolving Fund (DWSRF) and is available to support lead pipe replacement and inventory projects. 49% of the funding must be provided to disadvantaged communities as grant funding or principal forgiveness that does not have to be repaid. EPA also announced the availability of $35 million in competitive grant funding for reducing lead in drinking water. Communities are invited to apply directly for grant funding through this program. Additional federal funding is available to support lead pipe replacement projects and EPA has developed a website identifying available funding sources.

    In addition to requiring the replacement of lead pipes within 10 years, the new Lead and Copper Rule Improvements (LCRI) require more rigorous testing of drinking water and a lower threshold requiring communities to take action to protect people from lead exposure in water. The final rule also improves communication within communities so that families are better informed about the risk of lead in drinking water, the location of lead pipes, and plans for replacing them.

    Investments in identifying lead pipes, planning for their removal, and replacing them will create jobs in local communities while strengthening the foundation of safe drinking water that supports economic opportunity.

    Find more information on this announcement here.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Statement From Vice President Kamala  Harris Warning Against Price Gouging and  Fraud

    US Senate News:

    Source: The White House
    Let us all be clear: Americans impacted by a crisis should never be ripped off.
    I have seen firsthand the devastating impact of price gouging during an emergency. As Attorney General of California during devastating wildfires that displaced thousands of residents, I took on those attempting to take advantage of the situation by raising hotel prices. As Senator, I worked to stop price gouging during the pandemic.
    Those evacuating before Hurricane Milton or recovering from Hurricane Helene should not be subject to illegal price gouging or fraud – at the pump, airport, or hotel counter. Any company or individual that tries to exploit Americans in an emergency should know that the Administration is monitoring for allegations of fraud and price gouging and will hold those taking advantage of the situation accountable.

    MIL OSI USA News

  • MIL-OSI Banking: 🇮🇱 Zion Oil & Gas Update: October 9, 2024

    Source: Zion Oil and Gas

    Headline: Zion Oil & Gas Update: October 9, 2024

    October 9, 2024

     

    Dear Zion Shareholders and Supporters,

    During these challenging times, we are thankful to report that our staff and rig remain safe in Israel despite the ongoing conflict. The security and well-being of our personnel are paramount to our success. We continue to work within Israeli guidelines ensuring the continued protection of our staff, crew, and well site.

    While our MJ-01 re-completion project has faced a multitude of hurdles, including an active conflict, downhole issues and logistical challenges, we continue to move forward each time a safe opportunity permits continuation of operations. However, we will only move forward in coordination with Israeli authorities. We are actively monitoring the port situation to import the items needed to complete the current work program. We remain optimistic about making significant progress in the coming months.

    In light of the current situation, we have decided to extend our Unit Program until December 31, 2024. This extension gives investors additional time to participate and support our crucial mission for Israel. Importantly, the warrants associated with the Unit Program will also be extended and exercisable from January 31, 2025, to January 31, 2026.

    Your prayers and ongoing support are greatly appreciated by our team in Israel. Our monthly public prayer time over Zoom in September saw over 250 join us live from 14 nations around the world. We remain committed to moving forward safely, efficiently, and with unwavering faith in God’s vision for the oil of Israel.

    Thank you for standing with Israel and Zion.

    Robert Dunn
    CEO

    “The Lord is my light and my salvation; whom shall I fear? The Lord is the defense of my life; whom shall I dread?”
    Psalm 27:1 NASB

    “I sought the Lord, and he answered me;
    he delivered me from all my fears.
    Those who look to him are radiant;
    their faces are never covered with shame.
    This poor man called, and the Lord heard him;
    he saved him out of all his troubles.
    The angel of the Lord encamps around those who fear him,
    and he delivers them.
    Taste and see that the Lord is good;
    blessed is the one who takes refuge in him.”
    Psalm 34:4-8 NIV

    Extended…

    For each $250.00 UNIT you receive:

      • Common stock at the average of the high and low sale price on OTC: ZNOG for the day if purchased before 4:00pm EST. Purchases after 4:00pm EST will receive the following day’s high-low average.
      • 50 Warrants with an exercise price of $0.25 each.

      Note: Those who purchase UNITS and sign up (or are already enrolled) for Automatic Monthly Investments (AMI), will also receive: 50 Additional Warrants if at least $50/month (one time only).

      Warrants exercisable for 12 months (one year) from January 31, 2025 to January 31, 2026

      Invest Now

    MIL OSI Global Banks

  • MIL-OSI Banking: 🇮🇱 Zion Oil & Gas Update: October 9, 2024

    Source: Zion Oil and Gas

    Headline: Zion Oil & Gas Update: October 9, 2024

    October 9, 2024

     

    Dear Zion Shareholders and Supporters,

    During these challenging times, we are thankful to report that our staff and rig remain safe in Israel despite the ongoing conflict. The security and well-being of our personnel are paramount to our success. We continue to work within Israeli guidelines ensuring the continued protection of our staff, crew, and well site.

    While our MJ-01 re-completion project has faced a multitude of hurdles, including an active conflict, downhole issues and logistical challenges, we continue to move forward each time a safe opportunity permits continuation of operations. However, we will only move forward in coordination with Israeli authorities. We are actively monitoring the port situation to import the items needed to complete the current work program. We remain optimistic about making significant progress in the coming months.

    In light of the current situation, we have decided to extend our Unit Program until December 31, 2024. This extension gives investors additional time to participate and support our crucial mission for Israel. Importantly, the warrants associated with the Unit Program will also be extended and exercisable from January 31, 2025, to January 31, 2026.

    Your prayers and ongoing support are greatly appreciated by our team in Israel. Our monthly public prayer time over Zoom in September saw over 250 join us live from 14 nations around the world. We remain committed to moving forward safely, efficiently, and with unwavering faith in God’s vision for the oil of Israel.

    Thank you for standing with Israel and Zion.

    Robert Dunn
    CEO

    “The Lord is my light and my salvation; whom shall I fear? The Lord is the defense of my life; whom shall I dread?”
    Psalm 27:1 NASB

    “I sought the Lord, and he answered me;
    he delivered me from all my fears.
    Those who look to him are radiant;
    their faces are never covered with shame.
    This poor man called, and the Lord heard him;
    he saved him out of all his troubles.
    The angel of the Lord encamps around those who fear him,
    and he delivers them.
    Taste and see that the Lord is good;
    blessed is the one who takes refuge in him.”
    Psalm 34:4-8 NIV

    Extended…

    For each $250.00 UNIT you receive:

      • Common stock at the average of the high and low sale price on OTC: ZNOG for the day if purchased before 4:00pm EST. Purchases after 4:00pm EST will receive the following day’s high-low average.
      • 50 Warrants with an exercise price of $0.25 each.

      Note: Those who purchase UNITS and sign up (or are already enrolled) for Automatic Monthly Investments (AMI), will also receive: 50 Additional Warrants if at least $50/month (one time only).

      Warrants exercisable for 12 months (one year) from January 31, 2025 to January 31, 2026

      Invest Now

    MIL OSI Global Banks

  • MIL-OSI USA: Department of Environmental Quality Secretary Mary Penny Kelley

    Source: US State of North Carolina

    Headline: Department of Environmental Quality Secretary Mary Penny Kelley

    Department of Environmental Quality Secretary Mary Penny Kelley
    mseets

    Today, Governor Roy Cooper announced Boards and Commissions appointments.

    Gov. Cooper has appointed the following individuals to the Governor’s Advisory Council on Aging:

    • Adrienne A. Livengood of Winston Salem as a member at-large. Livengood previously served on the Senior Services Board and the Family Services of Forsyth County Board. Livengood has dedicated her time to raising awareness for senior care accessibility.
    • Debra A. Stonecipher of Asheville as a member at-large. Stonecipher is a former Boeing Executive and owner of the Knight House. Stonecipher’s advocacy for families with aging parents led her to participate in the Mayo Aging and Alzheimer’s Study; allowing her to further assist in research efforts to find a cure for the disease.

    Gov. Cooper has appointed the following individuals to the North Carolina Arts Council:

    • Susan W. Woodson of Raleigh as a member at-large. Woodson is an Artist at 5 Points Art Gallery. She has over 30 years of experience in graphic design and founded the Roundabout Art Collective in Raleigh. She is an active member of Moondog Fine Arts.
    • Dr. Paul Keith Baker of Raleigh as a member at-large. Dr. Baker is the Executive Director of the Contemporary Art Museum of Raleigh and a Professor of History at North Carolina Agricultural and Technical State University. Dr. Baker also has ample experience with program development and higher education.
    • Dr. William Henry Curry of Raleigh as a member at-large. Dr. Curry is the Music Director of the Durham Symphony Orchestra. He also has several years of experience as the Resident Conductor and Artistic Director of the North Carolina Symphony.

    Gov. Cooper has appointed the following individual to the North Carolina Auctioneers Commission:

    • John M. Harris of Winston-Salem as a member by the Governor’s discretion. Harris is a Principal Attorney at J. Harris Legal PLLC. He has over nine years of extensive law and government experience.

    Gov. Cooper has appointed the following individual to the Bald Head Island Transportation Authority Board of Trustees:

    • Joseph Patrick Hatem of Southport as a member at-large. Hatem is a native North Carolina resident who served as the Mayor of Southport from 2019 to 2023. He has experience as an Emergency Physician and as the Chairman of the Department of Medicine for J. Arthur Dosher Memorial Hospital.

    Gov. Cooper has appointed the following individual to the North Carolina Employment Security Board of Review:

    • Adam Lockhart Taylor of Raleigh as a representative of employers. Taylor was the Director of Governmental Relations for the North Carolina Office of State Human Resources. His wealth of experience afforded him the opportunity to serve as Chief Deputy and later Assistant Secretary of the Division of Employment Security (DES) before serving as Senior Policy Advisor to the Department of Commerce Division of Workforce Solutions.

    Gov. Cooper has appointed the following individual to the North Carolina Advisory Committee on Cancer Coordination and Control:

    • Melissa H. Smith of Wake as the North Carolina community college system representative. Smith is the Senior State Director of Health Science Programs for the NC Community College System. She previously served as the Dean of Health Sciences at Caldwell Community College and Technical Institute.

    Gov. Cooper has appointed the following individual to the Disciplinary Hearing Commission of the North Carolina State Bar:

    • Scarlett Hargis of Garner as a public member. Hargis serves as a Paralegal to the General Counsel in the Office of the Governor and has been in this role since 2017. Prior to this, she was the Administrative Officer for the Attorney General in the North Carolina Department of Justice.

    Gov. Cooper has appointed the following individual to the North Carolina Council on Educational Services for Exceptional Children:

    • Dr. Bradley S. Stevenson of Charlotte as a representative of a private school. Dr. Stevenson is the Director of Program Administration and Clinical Services of Melmark Carolinas. Dr. Stevenson has experience working as a Behavior Analyst, a Senior Consultant, and an Educational and Behavior Consultant.

    Gov. Cooper has appointed the following individual to the North Carolina Hearing Aid Dealers and Fitters Licensing Board:

    • Anne Morgan Selleck of Durham as a physician preferably specializing in the field of Otolaryngology. Selleck is a Clinical Assistant Professor at the University of North Carolina at Chapel Hill. She has experience as a research coordinator and has a subspecialty certificate in Neurotology.

    Gov. Cooper has appointed the following individual to the Historic Murfreesboro Commission:

    • Craig Lee Dennis of Murfreesboro as a member at-large. Dennis is an art teacher at Riverview Elementary School. He also serves as a Murfreesboro Town Councilman and Fire Commissioner. Additionally, Dennis spends his time as a volunteer for the Murfreesboro Historical Association and serves as the Landscape Committee Chair of the John Wheeler House.

    Gov. Cooper has appointed the following individual to the North Carolina State Historical Records Advisory Board:

    • Melissa A. Lovell of Holly Springs as a member at-large. Lovell has over twenty-five years of experience as a Legal Services Practice Manager and Agency Legal Specialist for the North Carolina Department of Justice.

    Gov. Cooper has appointed the following individual to the North Carolina Human Relations Commission:

    • Kerry M. Wiggins of Winston-Salem as a member at-large. Wiggins is the Boards and Commissions Program Director of the North Carolina League of Conservation Voters Foundation. Previously, Wiggins was a patient advocate at Old Vineyard Behavior Health Services.

    Gov. Cooper has appointed the following individual to the North Carolina Locksmith Licensing Board:

    • Erich Crouch of Greensboro as a public member. Crouch is a former Probation Officer with the North Carolina Department of Adult Corrections, serving the department for 27 years. He has a certification in Homeland Security and ample experience in safety training.

    Gov. Cooper has appointed the following individuals to the North Carolina Commission for Mental Health, Developmental Disabilities and Substance Abuse Services:

    • Carolyn Floyd Robinson of Lumberton as a substance abuse services consumer or an immediate family member of a substance abuse services consumer. Robinson is the Program Director of Borderbelt Behavioral Healthcare LLC and has worked as a substance abuse professional for over 22 years.
    • Dr. Hany A. Kaoud of Winterville as a physician. Dr. Kaoud is the Medical Director and Psychiatrist at Easterseals PORT Health. Prior to this, he was an attending physician at Wayne UNC Health Care and a Research Assistant at California State University.
    • Danny Ray Graves of Charlotte as a member who is a substance abuse services professional. Graves is the Director of Clinical Supervision for the McLeod Addictive Disease Center. He is a certified Clinical Addictions Specialist and a certified Substance Abuse Counselor.
    • Suzanne Mizsur-Porter of Rutherfordton as a substance abuse services family member. Mizsur-Porter is the Executive Director of United Way of Rutherford County. She also served as Creative Director for EMSI Public Relations.
    • Karon F. Johnson of Durham as a developmental disability’s family member. Johnson is a Clinical Assistant Professor at the School of Social Work at the University of North Carolina at Chapel Hill. She is the owner of a Private Therapy Practice and has experience working within the Crisis Unit at the Chapel Hill Police Department.

    Gov. Cooper has appointed the following individual to the Martin Luther King, Jr. Commission:

    • Mildred Christmas of Raleigh as a member at-large. Christmas spent over 17 years as a State Procurement Specialist in the Department of Administration. She also served as the Records Management Analyst for the State Records Center in the Department of Cultural Resources for 14 years.

    Gov. Cooper has appointed the following individual to the NCWorks Commission:

    • Rebecca Irene Axford of Hillsborough as a workforce representative/labor representative. Axford is the International Representative for the International Brotherhood of Electrical Workers Education Department for the state of North Carolina.

    Gov. Cooper has appointed the following individual to the North Carolina State Board of Examiners for Plumbing, Heating and Fire Sprinkler Contractors:

    • Jeffrey Clark Farlow of Greensboro as a plumbing contractor. Farlow is the Executive Vice President at InfraPros, LLC. Farlow is an established leader for Facility Automation and Operations. He has been recognized for guiding the company in Green Building Technology and awarded the Distech Controls International Green Building Award for innovation and work in energy-saving strategies.

    Gov. Cooper has appointed the following individual to the North Carolina Private Protective Services Board:

    • David E. Poston of Shelby as a member who is licensed under 74C-4. Poston is a former Patrol Deputy and Polygraphist/Background Investigator for Clay County’s Sheriff’s Office. He is a licensed private investigator and polygraph examiner who concentrates on defendant criminal case review and pre-trial polygraph testing, employee theft, espionage, and sabotage, as well as pre-employment and family advocacy.

    Gov. Cooper has appointed the following individuals to the North Carolina Real Estate Commission:

    • Patrick H. Bell of Raleigh as a licensed real estate broker. Bell is the Vice President of Land Acquisition Carolinas for The Kolter Group and serves as a board member on eight homeowner associations. He is also a former land acquisition manager and commercial real estate broker.
    • Melvin Alston of Greensboro as a licensed real estate broker. Alston is the President of Alston Realty Group, Inc. He is also the Guilford County Commissioner Board Chair, representing district 8.

    Gov. Cooper has appointed the following individual to the North Carolina Council on Sickle Cell Syndrome:

    • The Honorable Gladys A. Robinson of Raleigh as a member at-large. Senator Robinson is the Deputy Minority Leader of the North Carolina Senate for the State of North Carolina. Senator Robinson also serves on the Southern Regional Education Board.

    Gov. Cooper has appointed the following individuals to the Supplemental Retirement Board of Trustees:

    • Rajinder Singh of Cary as a member experienced in finance and investments. Singh has held various roles as a Global Financial Services Executive throughout his 25-year career. Singh also serves as a director on the boards of Sagen Canada, India Mortgage Guarantee Corporation, and Appalachian Trail Conservancy.
    • Lanier T. McRee of Raleigh as a member experienced in finance and investment who is also a state employee. McRee works as the Assistant State Budget Officer for the North Carolina Office of State Budget and Management. Previously, McRee worked as the principal budget analyst for the North Carolina General Assembly.

    Gov. Cooper has appointed the following individual to the North Carolina Commission on Volunteerism and Community Service:

    • Samantha C. Arrington Sliney of Whispering Pines as a member who is a representative of the military or veterans. Sliney is an attorney advisor for the Department of the Army- Joint Operations Command. She also serves as defense counsel for the New Jersey Air National Guard. Sliney also advocates and leads the Department of the Air Force Women’s Initiatives Team as their Co-Chair.

    ###

    Oct 9, 2024

    MIL OSI USA News

  • MIL-OSI Banking: Christopher Kent: A review of the Reserve Bank of Australia’s Term Funding Facility

    Source: Bank for International Settlements

    Thank you for coming to the Reserve Bank’s offices today. I will talk about a review we have published on the Term Funding Facility (TFF). This is the fourth instalment of the series of reviews of unconventional policy tools the RBA used during the COVID-19 pandemic.

    In March 2020, the economic outlook was bleak and highly uncertain (Graph 1), financial markets were in turmoil, and there was limited scope to lower the cash rate further. In that environment, the RBA pursued a package of policies to support the economy. The TFF review considers how that element of the package worked, whether it achieved its aims, and lessons for the future. I will cover the key points but there is a lot of detail in the review itself.

    What was the TFF intended to do?

    The TFF aimed to:

    • lower the cost of borrowing for businesses and households, by lowering lenders’ funding costs, and to reinforce the benefits to the economy of the lower cash rate
    • encourage banks to lend to businesses – particularly small and medium-sized enterprises (SMEs) – given that business credit tends to fall in downturns.

    How did it work?

    The TFF provided low-cost three-year funding to banks, which also indirectly helped to lower the cost of borrowing from wholesale markets.

    MIL OSI Global Banks

  • MIL-OSI USA: Mersen Workers in Columbia, Tennessee, Overwhelmingly Vote to Join IUE-CWA Union, Marking a Major Step Toward Worker Power in Advance Materials Industry

    Source: Communications Workers of America

    Columbia, Tenn. — In a decisive vote, workers at Mersen’s Columbia, Tenn., plant—part of the French multinational conglomerate specializing in electrical power and advanced materials—have overwhelmingly chosen to join the Industrial Division of the Communications Workers of America (IUE-CWA). The National Labor Relations Board (NLRB) election concluded with a 39-13 vote in favor of unionization late on Monday evening, while four additional ballots remain contested. This win represents a critical moment for the 60 full-time employees, who aim to address low wages, safety concerns, and a lack of job progression at the facility.

    “We are proud of what we’ve accomplished by standing together to form a union,” said Tracy Jones, a worker involved in the organizing process. “We look forward to working with Mersen to create a safer and more structured workplace and to secure fair wages for everyone.”

    Workers at the Columbia facility raised concerns about the lack of a clear pay structure, highlighting the need for more equitable compensation that reflects the varying levels of skill and responsibility across different roles. Additionally, there are no formal pathways for temporary workers, which the company heavily relies on, to become full-time employees, a situation that has led to frustration among the workforce. Safety issues have also been a major driver of the union effort, with employees reporting frequent incidents and injuries due to the demanding nature of the work, which often involves exposure to high temperatures and workers working far apart in isolation of each other.

    Mersen has experienced significant growth, particularly in the U.S. market. In 2023, the company reported record global sales of €1.21 billion (approximately $1.27 billion USD), with North America contributing €463 million (roughly $486 million USD), driven by strong performance in electric vehicles, renewable energy, and semiconductors. Much of this growth has been supported by U.S. government initiatives like the CHIPS Act and Inflation Reduction Act, which have boosted demand for the advanced materials Mersen supplies.

    The success of the Columbia workers follows a growing trend of unionization in the advanced materials manufacturing sector. IUE-CWA has recently organized workers at several other facilities, including MPP in Campbellsburg, Ind., and another Mersen facility in St. Mary’s, Pa., and has seen increased interest from workers across the country in the advanced materials sector.

    “Mersen’s strong financial performance and expansion in high-growth sectors like semiconductors and renewable energy make this moment particularly significant,” said Orvin Caraballo, an IUE-CWA organizer who helped the Mersen workers organize. “As more workers in these industries organize, we are building greater density, which will translate into more worker power and better conditions across the sector.”

    Mersen’s Columbia workers are eager to negotiate a fair contract that addresses these concerns, and they look forward to collaborating with the company to build a safer and more equitable workplace.

    ###

    About CWA: The Communications Workers of America represents working people in telecommunications, customer service, media, airlines, health care, public service and education, manufacturing, tech, and other fields.

    cwa-union.org @cwaunion

    MIL OSI USA News

  • MIL-OSI Canada: Address by Minister Joly at the General Debate of the 79th Session of the United Nations General Assembly

    Source: Government of Canada News

    Check against delivery. This speech has been translated in accordance with the Government of Canada’s official languages policy and edited for posting and distribution in accordance with its communications policy.

    September 30, 2024 – New York City, New York

    Check against delivery. This speech has been translated in accordance with the Government of Canada’s official languages policy and edited for posting and distribution in accordance with its communications policy.

    Mr. President, dear colleagues,

    It is an honour for me to speak to you on behalf of Canada and on behalf of Canadians.

    I would like to underscore that I am joining you on the traditional territory of the Lenape people.

    This recognition is important because today in Canada we mark the National Day of Truth and Reconciliation, when we acknowledge and commemorate the Indigenous Peoples who came before us and continue to live here.

    We acknowledge the pain caused by decades of abuse, neglect and racism.

    It is also an opportunity for us to commit to doing better and to righting the wrongs of the past so we can move forward together.

    Rights and freedoms

    Ours is a country based on the rights and freedoms that are enshrined in our constitutional charter.

    A core reason Canada is a prosperous society is that beyond offering the freedom to pursue a better life for you and your family, Canada also provides freedom from the barriers that prevent you from enjoying a better life: freedom from fear, violence, intimidation and discrimination; freedoms that foster a sense of inclusivity and belonging; freedom that protects the vulnerable and builds stronger communities.

    Far too often, though, some of the loudest voices claiming to speak for freedom are the ones trying to redefine that word for their own purposes.

    They claim freedom as an excuse to do as they wish without any regard for the freedom of others.

    That is certainly not how we should define freedom.

    They hide behind the word to tell us everything is broken and to spread disinformation, and they parrot the lines fed to them by those who wish to interfere in our elections and undermine our democracy.

    They weaponize the term “freedom” to further marginalize those in the most vulnerable situations, to justify spreading hate and even to deny people their right to make choices about their own bodies, including limits on reproductive rights.

    At the end of the day, through all the noise, what they really mean to say is: freedom for some—but not freedom for all.

    Often, the people who claim to speak for freedom are the same people who want the government to decide who people can love, who they are or even what they can wear.

    We see it in our country. We see it around the world. At the international level, we see it when groups or countries declare that international law doesn’t apply to them.

    Afghanistan

    In Afghanistan, we see it taken to its extreme as the Taliban continue to impose inhumane rules against women and girls, banning them from being in public so they are invisible, robbing young girls of the fundamental right to an education.

    How is that respecting human dignity? How is that protecting the best interests of their people?

    They must be held accountable.

    Last week, Canada joined Australia, Germany and the Netherlands, with the support of 22 other countries, to take steps to hold Afghanistan accountable under the Convention on the Elimination of All Forms of Discrimination Against Women.

    The Taliban cannot make international law disappear through simple decrees.

    Canada is a country that values freedom from oppression, not the freedom to oppress others.

    There should be nothing controversial about protecting human rights, including the dignity of all men and women.

    Haiti

    With regard to Haiti, the world cannot sit idly by as people suffer.

    Unchecked gang violence and corruption in Haiti have created a catastrophe for the population, which is plunged into a state of deep insecurity in which civilians fall victim to bullets and children die of hunger.

    Canada has always maintained that the solution to this crisis must come from Haitians for the benefit of Haitians.

    To this end, the Transitional Presidential Council and the transitional government are working to restore order, but they cannot do it alone.

    The Haitian people need a multinational security support mission to work with the Haitian National Police, not only to help them restore order but also to meet the basic needs of the population.

    That’s why Canada has invested more than $100 million to support it.

    Canada is doing its part.

    We must all show the Haitian people that we are not going to abandon them.

    The United Nations Security Council must be clear on this.

    I would like to thank CARICOM and Kenya for the essential role they are playing in the response to this crisis.

    Together, we can achieve lasting peace and stability in Haiti.

    Middle East

    Mr. President, what is happening in the Middle East is an unspeakable tragedy. Thousands have been killed in Israel, Gaza and Lebanon, including many Canadians.

    This is a senseless war that goes against the dignity of human beings. The suffering —on all sides—must end.

    What the world continues to witness is a repeated cycle of violence where civilians pay the heaviest price.

    Canada is joining those urging Israel and Hezbollah to accept an immediate ceasefire. We need to create space for peace talks and save lives.

    There cannot be war in Lebanon—full stop. UN Security Council resolutions must be respected.

    Families in Southern Lebanon and families in Northern Israel must be able to safely return to their homes. We have and always will insist that civilians be protected, wherever they’re from.

    Next week, we mark 1 year since the terrorist attacks by Hamas against Israel.

    Last March, I visited Kibbutz Kfar Aza, one of the communities attacked on October 7, 2023. I met Ayalet, a mother grieving for her son, who was brutally murdered in the attack; he died protecting his fiancée. Ayalet recounted the terror of that day, the search for loved ones in burned homes.

    As she spoke about the horrors of October 7, we heard the bombs, as they landed on Gaza nearby, and felt the ground shudder. In that moment, our sense of [MM1] the duality of the tragedy befalling the Israeli and Palestinian people was profound. It is a moment I will never forget.

    The situation in Gaza is inhumane. The level of suffering is unacceptable. It must stop. Innocent Palestinians, including [MM2] women and children, cannot pay the price of defeating Hamas. This must end.

    A ceasefire is needed immediately. The hostages [MM3] must be released. This requires both sides making real efforts.

    Mr. President: for lasting peace, Canada has long advocated for a 2-state solution. We believe both Israelis and Palestinians have the right to exist.

    We all know a negotiated agreement is the best chance for Israelis and Palestinians to live side by side in peace and security.

    Unfortunately, Hamas, a terrorist organization, continues to operate in Gaza, refuses to release hostages and refuses to lay down its weapons.

    Meanwhile, the Government of Israel is against the creation of a Palestinian state. Violence against Palestinians by extremist settlers and expansion of settlements by Israel in the West Bank continue unabated. This is unacceptable.

    Canada supports the creation of a Palestinian state.

    That is why we are providing security and development support to the Palestinian people. We will officially recognize the state of Palestine at the right time: when it is most conducive to building a lasting peace and not necessarily as the last step of a negotiated process.

    More than anything, this conflict has led to unspeakable pain. Communities are hurting.

    People have the right to protest peacefully. But nobody has the freedom [MM4] to intimidate others. Polarization is a problem. Division is real.

    We have a collective responsibility to bring people together.

    Ukraine

    Mr. President, it has now been 2 and a half years since Russia launched its illegal invasion of Ukraine. The human cost continues to grow.

    No country has the freedom [MM5] to invade its neighbour. There’s no freedom [MM6] to impose your will on others. This aggression is a blatant violation of the UN Charter.

    Russia needs to get out of Ukraine now.

    The Ukrainian people have the right to be free from fear, free from aggression. They have the right to decide what their own future should be.

    Mr. President, we all know that if Russia’s aggression goes unchecked here it will continue. Many countries in the region and the hemisphere are wondering if they will be next. The world must not back down in denouncing this unjustifiable aggression.

    Canada will not back down from its support for Ukraine.

    At the end of October, Canada will host a conference co-organized with Norway and Ukraine on the human dimension of Ukraine’s 10-point peace formula. We will focus on the return of children to their families and of deported civilians and prisoners of war.

    Every one of those affected by this war is entitled to freedom from violence and from being forced from their home.

    UN reform

    Mr. President,

    The issues I have just mentioned create immense challenges. This institution has a role to play in helping us to work together toward solutions.

    Critics of the United Nations accuse it of being incapable of solving the problems currently facing the world.

    Worse still, some more conspiratorial critics even believe that the UN is the cause of many of these problems.

    Both ignore the reality and the strength of this organization.

    The United Nations is a unique forum that allows us to come together and talk to each other on an equal footing to try to iron out our differences, which are sometimes profound, through discussion and consensus-building.

    That’s why Canada supported the adoption of the Pact for the Future at the Summit of the Future last week.

    The pact is a starting point as we work together to ensure the sustainability of the organization.

    The UN is not a perfect organization, it is true, but progress is possible. As the Secretary-General has said: “ We can’t build a future for our grandchildren with a system built for our grand[MM7] parents.” Let’s build that future together.

    Mr. President,

    For almost 80 years, no woman has held the post of secretary-general.

    This is unacceptable.

    Last week with my colleague from Jamaica, I had the great honour of welcoming to Toronto 15 women foreign ministers from the 4 corners of the earth.

    Our conclusion was clear. The next head of this illustrious institution must be a woman.

    It’s high time we were able to respectfully say, at this podium and around the world, “Madam Secretary-General.”

    I would say the same for the post of president of the General Assembly.

    Mr. President, with respect, I hope that next year the delegates will address “Madam President.”

    I know that many of us share this wish.

    Mr. President,

    Let me tell you about my mother. She will be so proud that I am talking about her at the United Nations.

    You know, my mother and grandmother are among the millions of women around the world who have fought hard for equal rights.

    They did so alongside the mothers and grandmothers of many of the people in this room.

    Mum recently told me that we were now part of the “consolidation generation.” She’s right.

    Being part of our generation means that we need to consolidate the gains that have been made over time and fight against those who are trying to roll back this progress. It also means that we need to continue to fight so that women and girls everywhere have the right to make choices about their own bodies and their own lives.

    We see the difference the gap in freedoms creates. When women are robbed of the right to decide when to have children, they lose out on education and job opportunities. When women don’t have access to safe abortions their lives are put at risk. When women are denied access to safe contraception and fertility treatments, they lose the power to make choices that have the most profound impacts on their lives.

    Attacks on sexual and reproductive health rights are an attack on equality rights. They’re an affront to basic dignity.

    We must always have the right to choose for ourselves which means of contraception to use, whether to have an abortion or even to choose assisted reproduction. We women have the right to be equal in everything: in education, in employment and in every other opportunity.

    We are women and proud of it.

    We can never turn back.

    Together, we must keep moving forward for our sisters, our daughters and our granddaughters.

    Mr. President, 2 years ago, I stood here and said countries around the world were faced with a choice. And we still have that choice today. We can choose a world where rules can be broken by the powerful, bringing us back to darker times of tension and conflict. Or we can choose a world that upholds human rights, opportunities for all, peace and prosperity; a world where people work together to solve problems.

    Canada will work with partners to move us beyond this moment of crisis.

    A new future is being shaped.

    We must not fail.

    Thank you.

    MIL OSI Canada News

  • MIL-OSI: Awilco Drilling PLC: Notice of Extraordinary General Meeting

    Source: GlobeNewswire (MIL-OSI)

    An extraordinary General Meeting of Awilco Drilling PLC will be held on Friday 25 October 2024 at 11:00 (UK time), at the Company’s registered office of Suite 1, 7th Floor, 50 Broadway, London, SW1H 0BL, UK. The notice including agenda for the General Meeting is attached to this disclosure. The notice will be sent by mail or e-mail to the shareholders.

    The purpose of the extraordinary General Meeting will be to pass one special resolution to seek authority to cancel the Company’s share premium account. The purpose of the Reduction is to reduce the value of the Company’s share premium account to nil. The amount arising from the Reduction will be credited to reserves and will give the Company greater flexibility to make dividend payments to shareholders in the future

    The notice has been made available on our website http://www.awilcodrilling.com.

    Aberdeen, 9 October 2024

    For further information please contact:

    Eric Jacobs, CEO of Awilco Drilling PLC
    Phone: +47 9529 2271

    Cathrine Haavind, Investor Relations of Awilco Drilling PLC
    Phone: +47 9342 8464
    Email: ch@awilcodrilling.com

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

    Attachment

    The MIL Network

  • MIL-OSI Canada: Manitoba Government Invests More Than $32 Million on Roadway and Area Improvements in Dauphin

    Source: Government of Canada regional news

    Manitoba Government Invests More Than $32 Million on Roadway and Area Improvements in Dauphin


    The Manitoba government’s $32.7-million investment to address improvements along Provincial Trunk Highway (PTH) 5 in the Dauphin area are now open and visible to travellers, Transportation and Infrastructure Minister Lisa Naylor announced today. 

    “These much-needed improvements enhance traffic flow, water diversion and boost the safety and curb appeal of the route for community members and travellers,” said Naylor. “These improvements will make our roads safer and support growing our economy by building important infrastructure that matters to Manitobans, especially in rural Manitoba.” 

    This project consisted of three sections:

    • Intersection improvements, traffic signals and service road construction as well as the reconstruction of PTH 5A including concrete curbing, raised medians, sidewalks, culvert installations, granular subgrade, granular base course and bituminous pavement on 1.8 kilometres from Triangle Road to Whitmore Avenue with a total cost of $21.8 million.
    • Construction of a land drainage and retention pond system for the City of Dauphin, funded by the city. The Manitoba government funded the infrastructure to support this project including approximately 885 meters of underground pipe and two retention ponds, with a total cost of $9.6 million.
    • Construction of a bituminous pavement on a 0.8 km section of PTH 5A in Dauphin from Whitmore Avenue to Fourth Avenue South with a total cost of $1.3 million.

    “This investment marks a significant step forward for the City of Dauphin, enhancing not only the safety and accessibility of our roads but also supporting our growth as a regional hub,” said Mayor David Bosiak, City of Dauphin. “These upgrades to PTH 5A will improve traffic flow and pedestrian safety while fostering economic development for our community and region. We are grateful to the Manitoba government for their commitment to infrastructure, which strengthens both our local economy and our quality of life.”

    The project added service roads on both the east and west sides of PTH 5A. The main lanes of PTH 5A were reconstructed to include a fully divided four-lane cross section, complete with a raised concrete median and traffic signals at the main entrance to the Dauphin Marketplace Mall as well as sidewalks along both service roads to encourage active transportation.

    This work in Dauphin supports Manitoba’s multi-year infrastructure investment strategy, which outlines planned strategic investments in roads, highways, bridges, airports and flood protection over the next five years in Manitoba, noted the minister.

    For more information on Manitoba’s Multi-Year Infrastructure Investment Strategy, visit: http://www.gov.mb.ca/mti/myhis/index.html. 

    Up-to-date information on highway conditions, including detours, restrictions and road closures, is available at http://www.manitoba511.ca/ or by calling 511. 

    – 30 –

    MIL OSI Canada News

  • MIL-OSI Security: Man Sentenced to 63 Months in Ponzi Scheme Case

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    WINSTON-SALEM, N.C. – A former resident of Durham, NC was sentenced to 63 months of imprisonment and ordered to pay restitution totaling $6,170,045.68 after pleading guilty to one count of the use of manipulative and deceptive devices and one count of wire fraud, announced United States Attorney Sandra J. Hairston of the Middle District of North Carolina.

    NAYEEM CHOUDHURY, currently of Fort Worth, TX was sentenced to a 63-month term of imprisonment by the Honorable Loretta C. Biggs, United States District Judge in the United States District Court for the Middle District of North Carolina.  In addition to prison time, CHOUDHURY was ordered to serve three years of supervised release.

    According to court filings, CHOUDHURY, while a resident of Durham, NC, began soliciting option trading investments for his company, Dream Venture Capital Group, LLC, through friends and family networks, as well as through social media accounts and webpages. CHOUDHURY told potential investors that their investments were no-risk because he guaranteed the principal, that he would pay investors exorbitant monthly returns sometimes as high as twenty-five percent, and that he had a proven track record of successful options trading and won far more than he lost. None of these statements were true. In fact, of the eleven months CHOUDHURY traded investor funds before his fraud was identified, he suffered net trading losses in nine of those eleven months. Despite this, CHOUDHURY continued to solicit new investors, repeating the same misrepresentations identified above. He also paid older investors with principal invested by new investors, representing it to be trading gains, in what is colloquially known as a Ponzi scheme.

    CHOUDHURY lost over $5 million dollars in investor funds and used other funds for extravagant personal purchases, including an $85,000 Mercedes Benz G63. In total, he was responsible for a loss of $6,170,045.68, victimizing 88 different individuals.

    “CHOUDHURY’s mendacity knew no bounds: he mined the trust of friends and family to find new victims, even as the losses were piling up,” said U.S. Attorney Hairston.  “We are grateful to the agencies that investigated this unconscionable conduct and helped hold this defendant accountable.”

    “CHOUDHURY presented himself as an investment expert promising significant profits with little to no financial risks. He took money from his own family and friends to cover massive trading losses and fund extravagant personal expenses. While fraud of this magnitude can have a lasting impact, we hope CHOUDHURY’s federal prison sentence will bring a sense of justice to his victims,” said Robert M. DeWitt, the FBI Special Agent in Charge in North Carolina.

    The investigation was undertaken by Federal Bureau of Investigation. The case was prosecuted by Assistant United States Attorney Ashley E. Waid.

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    MIL Security OSI