Category: Business

  • MIL-OSI: Robinhood Announces First Investor Day on December 4, 2024

    Source: GlobeNewswire (MIL-OSI)

    MENLO PARK, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) — We plan to host Robinhood’s first Investor Day on December 4, 2024 in New York City. The event will be live streamed with the option for some of our institutional and retail investors and analysts to attend in person. We’ll share more about our vision for the next 10+ years and how that can drive customer and shareholder value. We also plan to answer questions from investors and analysts.

    For additional information, please visit our website at investors.robinhood.com.

    About Robinhood

    Robinhood Markets, Inc. (NASDAQ: HOOD) is on a mission to democratize finance for all. In the U.S., people can invest with no account minimums through Robinhood Financial LLC, a registered broker dealer (member SIPC), buy and sell crypto through Robinhood Crypto, LLC, and spend and earn rewards through debit cards with Robinhood Money, LLC and credit cards with Robinhood Credit, Inc. People can also trade U.S. stocks without commission or FX fees in the UK through Robinhood U.K. Ltd., trade crypto in select jurisdictions in the European Union through Robinhood Europe, UAB, and access easy-to-understand educational content through Robinhood Learn.

    Robinhood uses the “Overview” tab of its Investor Relations website (accessible at investors.robinhood.com/overview) and its Newsroom (accessible at newsroom.aboutrobinhood.com), as means of disclosing information to the public in a broad, non-exclusionary manner for purposes of the U.S. Securities and Exchange Commission’s (“SEC”) Regulation Fair Disclosure (Reg. FD). Investors should routinely monitor those web pages, in addition to Robinhood’s press releases, SEC filings, and public conference calls and webcasts, as information posted on them could be deemed to be material information.

    “Robinhood” and the Robinhood feather logo are registered trademarks of Robinhood Markets, Inc. All other names are trademarks and/or registered trademarks of their respective owners.

    Contacts

    Investor Relations

    ir@robinhood.com

    Media

    press@robinhood.com

    The MIL Network

  • MIL-OSI: Credit Acceptance Named a Top Workplace for Remote Work by Monster

    Source: GlobeNewswire (MIL-OSI)

    Southfield, Michigan, Oct. 07, 2024 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named to the 2024 list of Top Workplaces for Remote Work by Monster and Energage. This is our first time being recognized on this list, with a #2 ranking out of 54 companies honored in the 500-plus employee-size category. The list celebrates organizations that cultivate exceptional remote working environments based on employee feedback.

    “Building and maintaining a strong remote work culture requires a thoughtful combination of strategic vision, personalized team member support, and meaningful opportunities for in-person connection,” said Wendy Rummler, Credit Acceptance Chief People Officer. “By prioritizing these principles, we’ve created an environment where team members feel valued, engaged, and connected, regardless of physical distance.”

    Credit Acceptance’s remote-first policy is a prime example of the strength of our culture. We permanently adopted the policy in December 2020, after recognizing team members’ satisfaction since its implementation earlier that year. This decision was a significant change in our operations (less than 25 percent of team members worked remotely before the COVID-19 pandemic) and set us apart within our industry.

    The environment is grounded in trust, engaging team members while fostering camaraderie and pride in our mission. As a result of our remote-first policy, we attract and retain top talent across the country who would have otherwise been unavailable, which strengthens our workforce diversity.

    Credit Acceptance is consistently recognized as one of the best places to work by team members. This year, the Company has received three honors from Great Place to Work® and Fortune: we have been ranked 39th in the 100 Best Companies to Work For® (the tenth time we have been included on this list), 50th in the Best Workplaces for Millennials (the eighth time we have been included), and 13th in the 2024 Best Workplaces in Financial Services & Insurance (the tenth time we have been included). In addition, Credit Acceptance has been named a Top Workplaces USA award winner for the fourth consecutive year, a Most Loved Workplace® for 2024 in several categories by the Best Practice Institute, and a Newsweek America’s Top 200 Most Loved Workplace® for 2024, among many others.

    About Credit Acceptance
    We make vehicle ownership possible by providing innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history. Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing.  

    Without our financing programs, consumers are often unable to purchase vehicles, or they purchase unreliable ones. Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing. Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC. For more information, visit creditacceptance.com.

    About Energage
    Energage is a purpose-driven company that helps organizations turn employee feedback into useful business intelligence and credible employer recognition through Top Workplaces. Built on 18 years of culture research and the results from 27 million employees surveyed across more than 70,000 organizations, Energage delivers the most accurate competitive benchmark available. With access to a unique combination of patented analytic tools and expert guidance, Energage customers lead the competition with an engaged workforce and an opportunity to gain recognition for their people-first approach to culture. 

    The MIL Network

  • MIL-OSI: Oaktree Specialty Lending Corporation Schedules Fourth Fiscal Quarter and Full Year 2024 Earnings Conference Call for November 19, 2024

    Source: GlobeNewswire (MIL-OSI)

    11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time

    LOS ANGELES, CA, Oct. 07, 2024 (GLOBE NEWSWIRE) — Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“Oaktree Specialty Lending” or the “Company”) today announced that it will report its financial results for the fourth fiscal quarter and full year ended September 30, 2024 before the opening of the Nasdaq Global Select Market on Tuesday, November 19, 2024. Management will host a conference call to discuss the results on the same day at 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time. The conference call may be accessed by dialing (877) 507-3275 (U.S. callers) or +1 (412) 317-5238 (non-U.S. callers). All callers will need to reference “Oaktree Specialty Lending” once connected with the operator. Alternatively, a live webcast of the conference call can be accessed through the Investors section of the Company’s website, http://www.oaktreespecialtylending.com.

    For those individuals unable to listen to the live broadcast of the conference call, a replay will be available on Oaktree Specialty Lending’s website, or by dialing (877) 344-7529 (U.S. callers) or +1 (412) 317-0088 (non-U.S. callers), access code 1211943, beginning approximately one hour after the broadcast.

    About Oaktree Specialty Lending Corporation

    Oaktree Specialty Lending Corporation (NASDAQ:OCSL) is a specialty finance company dedicated to providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company’s investment objective is to generate current income and capital appreciation by providing companies with flexible and innovative financing solutions including first and second lien loans, unsecured and mezzanine loans, and preferred equity. The Company is regulated as a business development company under the Investment Company Act of 1940, as amended, and is managed by Oaktree Fund Advisors, LLC, an affiliate of Oaktree Capital Management, L.P. For additional information, please visit Oaktree Specialty Lending’s website at http://www.oaktreespecialtylending.com.

    Contact

    Investor Relations:
    Oaktree Specialty Lending Corporation
    Dane Kleven
    (213) 356-3260
    ocsl-ir@oaktreecapital.com

    The MIL Network

  • MIL-OSI: Veritex Holdings, Inc. Announces Dates of Third Quarter 2024 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Oct. 07, 2024 (GLOBE NEWSWIRE) — Veritex Holdings, Inc. (Nasdaq: VBTX) (“Veritex” or “the Company”), the parent holding company for Veritex Community Bank, today announced that it plans to release its third quarter 2024 results after the close of the market on Tuesday, October 22, 2024. The earnings release will be available on the Company’s website, https://ir.veritexbank.com/. The Company will also host an investor conference call to review the results on Wednesday, October 23, 2024 at 8:30 a.m. Central Time.

    Participants may access a live webcast of the conference call through the investor relations section of Veritex’s website, or the hosting website at https://edge.media-server.com/mmc/p/99msavdf. Participants may also register via teleconference at: https://register.vevent.com/register/BI8a41df4f3f824d2888f9cf9a3e02c9b8. Once registration is completed, participants will be provided with a dial-in number containing a personalized conference code to access the call. All participants are instructed to dial-in 15 minutes prior to the start time.

    A replay will be available within approximately two hours after the completion of the call, and made accessible for one week. You may access the replay via webcast through the investor relations section of Veritex’s website.

    About Veritex Holdings, Inc.

    Headquartered in Dallas, Texas, Veritex is a bank holding company that conducts banking activities through its wholly-owned subsidiary, Veritex Community Bank, with locations throughout the Dallas-Fort Worth metroplex and in the Houston metropolitan area. Veritex Community Bank is a Texas state chartered bank regulated by the Texas Department of Banking and the Board of Governors of the Federal Reserve System. For more information, visit http://www.veritexbank.com.

    Source: Veritex Holdings, Inc.

    Investor Relations:
    972-349-6132
    investorrelations@veritexbank.com

    The MIL Network

  • MIL-OSI: Altus Group to Announce Q3 2024 Financial Results on November 7, 2024

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) — Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it plans to release its third quarter financial results for the period ended September 30, 2024 after market close on Thursday, November 7, 2024. Altus executives Jim Hannon, Chief Executive Officer, and Pawan Chhabra, Chief Financial Officer, will host a conference call and webcast at 5:00 p.m. (ET) the same day to review the financial results and discuss corporate developments.

    About Altus Group

    Altus Group is a leading provider of asset and fund intelligence for commercial real estate. We deliver intelligence as a service to our global client base through a connected platform of industry-leading technology, advanced analytics, and advisory services. Trusted by the largest CRE leaders, our capabilities help commercial real estate investors, developers, proprietors, lenders, and advisors manage risks and improve performance returns throughout the asset and fund lifecycle. Altus Group is a global company headquartered in Toronto with approximately 2,900 employees across North America, EMEA and Asia Pacific. For more information about Altus (TSX: AIF) please visit altusgroup.com.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Camilla Bartosiewicz
    Chief Communications Officer, Altus Group
    (416) 641-9773
    camilla.bartosiewicz@altusgroup.com  

    The MIL Network

  • MIL-OSI New Zealand: East Coast students get a taste of the future at successful careers day | EIT Hawke’s Bay and Tairāwhiti

    Source: Eastern Institute of Technology – Tairāwhiti

    3 mins ago

    School students from the East Coast were given a taste of the future at a successful discovery day organised by EIT’s Education 2 Employment team.

    School students from the East Coast were given a taste of the future at a successful discovery day held at Ngata College in Ruatoria recently.

    The event, organised by EIT’s Education 2 Employment team, saw hundreds of students from the region get a chance to engage with tertiary institutes, pathway providers and employers.

    Education 2 Employment (e2e) encourages the coordination and support of employers and the local business community to be involved in vocational education, employment and development opportunities for young people. The primary goal of the e2e programme is to help connect industry with schools so that students can identify possible career pathways.

    Twenty-seven organisations were represented at the event in Ruatoria last month. While the event was aimed at senior school students, year seven and eight and even younger students also attended.

    Among the companies and organisations attending to connect with the students were local and regional businesses, Government agencies like IRD, and educational institutes including EIT and others from outside the region.

    Adrianna Wilson, Education 2 Employment Advisor for EIT Tairāwhiti, says that the aim of the event was to expose students to what opportunities were out there.

    “We wanted them to see that there are local employers and ones further afield who can offer them a pathway to a career of their choice.”

    “For an example, we had Mātai Medical Research Institute there, so if a student was interested in going into that career, what’s the pathway for them?”

    School students from the East Coast were given a taste of the future at a successful discovery day organised by EIT’s Education 2 Employment team.

    Adrianna says the event was staged in a way that engaged the students and got them interested in potential careers.

    “Every employer or business had an interactive activity. Some had honey pots representing apiculture, civil infrastructure had roading games, the police services had drug goggles and were in their police cars. We also had a Media House there which did portraits of the students, STEM were there doing science activities, and we had the Department of Conservation discussing survival, trapping and other outdoor skills.”

    “We also had a game where they were given a bingo card with symbols that represented each employer or industry. And they had to go and either ask questions or do the interactive activity and get it ticked off by the employer. At the end, they all got a prize if they filled their bingo card. They had to ask questions and engage.”

    Adrianna says the aim is to make the event an annual occurrence.

    “It is a rewarding time for both students and participating organisations as the students get to see what career opportunities there are and employers are exposed to the talent coming through.”

    MIL OSI New Zealand News

  • MIL-OSI USA: DoD Announces Health Care Supplement Program Pilot for DOD Civilian Employees in Japan

    Source: United States Department of Defense

    The Department of Defense (DoD) today announced a one-year pilot program to provide no-cost supplemental health support services to DoD civilian employees serving in Japan after a yearlong effort to identify and address concerns regarding access to medical care.

    “The Department recognizes the significant contributions of our DoD civilian workforce around the world,” said Ashish Vazirani, who is performing the duties of the Undersecretary of Defense for Personnel and Readiness. “In keeping with Secretary of Defense Lloyd J. Austin III’s commitment to taking care of all our people, we owe it to our civilians to facilitate access to health care no matter where they are. The support from this pilot program will help enhance the patient experience for the approximately 11,000 civilians stationed in Japan through the new pilot.”

    This pilot is called the Pilot Health Insurance Enhancement for DoD Civilian Employees in Japan and will assist eligible civilian employees with health care navigation and upfront costs associated with accessing Japan’s healthcare system.

    To be eligible, the employee must be enrolled in a participating health plan through the Federal Employees Health Benefits (FEHB) program. The enrollment window for eligible employees will be the Federal Benefits Open Season, which runs this year Nov. 11 through Dec. 9. Federal Benefits Open Season allows federal civilians to enroll in or change health care options.

    The services provided under this pilot will begin Jan. 1, 2025, when participants can use the services and access support through a call center. The call center will be open 24/7 and staffed with bilingual service representatives who will assist callers with identifying their needs, make appointments with provider offices, and issue payment guarantees up front. Dependents are not eligible for services during the pilot, which runs through Sept. 29, 2025.

    Employees working in Japan with the following military departments, defense agencies and DoD field activities are eligible for this supplemental coverage:

    • Department of the Air Force
    • Department of the Army
    • Department of the Navy
    • Defense Information Systems Agency
    • Defense Logistics Agency
    • Department of Defense Education Activity
    • Defense Commissary Agency
    • Defense Contract Management Agency
    • Defense Finance and Accounting Service
    • Defense Health Agency
    • Defense Media Activity
    • Defense Threat Reduction Agency
    • National Security Agency
    • Defense Intelligence Agency
    • National Geospatial-Intelligence Agency

    “We are excited to offer this program,” said Seileen Mullen, who is the Principal Deputy Assistant Secretary of Defense for Health Affairs. “This is a no-cost supplemental service, and we encourage civilian employees in Japan to use it.”

    The Office of the Assistant Secretary of Defense for Health Affairs will oversee the pilot program and has awarded a $4.2 million contract to International SOS Government Services Inc., which is also the prime contractor for the TRICARE Overseas Program. The contract for this pilot is being funded by the military departments, defense agencies and DoD field activities that have civilian employees working in Japan.

    Active-duty service members and TRICARE Prime beneficiaries have prioritized access to health care in military hospitals and clinics based on current federal law and DoD policy. DoD civilians who are not TRICARE beneficiaries may use military health facilities on a space-available basis.

    Agreements with FEHB insurance carriers who currently provide coverage for DoD civilian employees in Japan will be established to provide direct billing agreements. Non-appropriated Fund (NAF) employees are eligible for this program if enrolled in an Aetna International plan.

    Additional details dedicated to this pilot program will be announced before Federal Benefits Open Season begins. This information will also be posted to web sites for military hospitals and clinics in Japan in their “Getting Care” section.

    MIL OSI USA News

  • MIL-OSI Security: Defense News: CNO Remarks at Hampton Roads Navy Birthday Ball

    Source: United States Navy

    Thank you. Thank you. Thank you Admiral Caudle. Thank you everyone. Thank you so much for such an incredible welcome. And let me just echo what Admiral Caudle just said. Happy birthday, Navy.

    Honorable Kiggans, Mary Dyer, Mayor Alexander Admiral Caudle, lieutenant general Shea, flag general, officers Senior enlisted leaders, distinguished guests, industry partners, allies and partners. All of our active and reserve sailors, Navy civilians, and all of our families that are here. It is truly an honor for me to be here with you tonight and celebrate the Navy’s 249th birthday, 249 years.

    As you saw in the video, Warfighting Strength and Readiness. I do want to start tonight by also echoing a few thank yous. So let me say first, thank you to the Sea Cadets who are our color guard our tonight. You are the future of our Navy. Great to see you all. And I also want to say thank you to the Fleet Forces Command Band.

    I hope you’re getting a chance to eat now, because we know we’re looking forward to that great concert later on tonight. So how about fleet forces command band.

    And also to echo Admiral Caudle to Lou and Mary Ellen and many of our teammates here from the Navy League and all the sponsors, but to the Navy League in particular. Thank you for putting together another spectacular birthday celebration. And thank you for your continued support, commitment and advocacy for our sailors and our Navy families every day, not just on our birthday.

    How about a big round of applause for the Navy League and everything you all do, Thank you.

    Of course, the most special guests here tonight are all of our sailors, our Marines, our midshipmen, our Navy, civilians, and other teammates. Thank you for answering our nation’s call to service. Every single one of you has a choice in what you decide to do in your life. And you all have chosen to serve something greater than yourself. And I am grateful for each and every one of you.

    And to all of our families and our big support networks out there, whether you’re here tonight or you’re at home. I also want to extend my thanks to you. Thank you for your own service and your sacrifice. Those of us in the uniform, we cannot do what we do every day without your encouragement, without your love, and without your incredible support.

    So how about a big round of applause for all our families out there tonight.

    Ladies and gentlemen, the birth of our navy came nearly a year before our nation’s independence. And on October 13th, 1775. In the early months of the Revolutionary War, our navy embarked on what would eventually become an congressionally mandated mission to man, train, and equip our forces for prompt and sustained combat incident to operations at sea. With a fleet of just two armed vessels and 80 sailors each.

    Our Navy moved forward with a strong sense of purpose and urgency, protecting American trade, seizing enemy supplies, and attacking British vessels at sea. Equally inexperienced, but driven by their patriotism, these bold and courageous sailors delivered our nation its very first dose of warfighting advantage. Effectively cutting the redcoats off from their supply lines at sea and challenging the British fleet’s superiority, our newly established Continental Navy found immediate success.

    And from that point on, there was no turning back. The great American experiment was truly underway, and with it, the legacy of America’s warfighting Navy over the many centuries, battles, and wars since then, our Navy sailors have continued to deliver warfighting advantage, operating far forward and always ready. As you saw in the video and you’ve lived it yourselves.

    To preserve the peace, respond in crisis, and win decisively in war when called. They did it in the Great War when our convoys of battleships, submarines and auxiliaries crossed the U-boat infested waters of the Atlantic, escorting soldiers and supplies to the Western Front, they did it during World War Two, when our massive fleet of aircraft carriers, battleships, cruisers, destroyers and submarines delivered decisive combat power in consequential campaigns like the Battle of Midway, Operation Overlord, and the Battle of Leyte Gulf.

    And they did it again in the Cold War, when our team of sailors, civilians and industry partners created the most lethal and combat credible force the world had ever seen. When you fast forward to today. This year has been no different. We have continued that great legacy of our Navy and demonstrated another year of warfighting strength and readiness, as you’ve all seen, and maybe you’ve been there.

    Our Navy and Marine Corps team is in high demand in the Middle East under Operation Prosperity Guardian. Our sailors worked tirelessly with over 20 nations to save lives, to defend the rules based international order and ensure the free flow of commerce, knocking down hundreds of missiles and drones at a level of intensity not seen since World War two.

    So tonight I’d like to recognize a few groups, and you’ll see there’s a lot of thanks in here and a lot of applause in here, but we can’t say thank you enough. So I want to recognize our sailors and our teammates here tonight. Both those who deployed all around the world this year, as well as those who got them ready for that deployment and supported them from here ashore.

    So there were many commands that deployed. I’ll just name a few. The USS Dwight D. Eisenhower, Carrier Air Wing three and its nine squadrons, the Philippine Sea. You can clap if you’re from there. The Destroyer Squadron 22, USS Gravely Mason, Laboon, Carney, the Florida, military Sealift Command, the supply of the Kanawa and the Alan Shepard who delivered munitions, supplies and goods to sustain our people in our fleet and many other forces.

    So if you deployed in the past year, you are year 249 leading up to year 250. Stand up so we can give you a round of applause for your warfighting prowess. Thank you.

    But there’s also that second group, those commands that we don’t always ask to stand up. They play an incredibly important role ashore, preparing our fleet to deploy and supporting them while they are deployed, like afloat training group Atlantic, Carrier Strike Group four. You can clap if you’re from their Nordic Semitic, the regional maintenance center. All of our fleet readiness centers and all of our medical folks that got our people, ready and out the door.

    Your efforts ensured the readiness of our fighting forces. And let me tell you, their successes would not happen without you. So if you had a hand in making these deployments so successful, please stand up so we can thank you.

    The story of these sailors, civilians and teammates that we just talked about over the last year and we saw in the video really the story of all the war fighters here tonight. Those are just a small sampling of the many stories that are being told all across America’s war fighting Navy and it’s a Navy that works around the globe and around the clock.

    And as we celebrate tonight, thousands more of our sailors and Marines continue to operate far forward, at risk and in challenging environments all around the world, from the eastern Mediterranean to the Red sea to the Indo-Pacific and the Atlantic Ocean everywhere in between. Our team is standing the watch in every domain on, under and above the sea. So let’s all send a quick thought to them.

    A thought of thanks to all the sailors and Marines for standing the watch and keeping us safe so we can enjoy this wonderful evening together. I could not be more proud of this amazing Navy team, active, reserve sailors, our civilians, our families. There is no other Navy in the world, no other joint force in the world who can train, deploy and sustain such a lethal combat.

    Credible force at the pace, scale and tempo that we do. So that’s why I’m so happy to be back here in Norfolk to celebrate our Navy’s birthday with all of you, with the fleet, with the warfighting fleet who have been operating far forward at that point of friction with our adversaries and at the point of friendship with our allies and partners in every corner of the globe.

    You are America’s warfighting Navy in action. And as we look to the future and to the decisive decade ahead, I am confident that our team will continue to serve with honor, courage and commitment. Building on the proud legacy of our heroic sailors and working tirelessly to raise our baseline level of readiness for potential conflict anytime and anywhere. Tonight, like every night for the last 249 years, our Navy is standing the watch deterring aggression, defending our nation’s security and preserving our way of life.

    And this year, like every year in our storied history, we celebrate the birth of our service and take pride in being part of the world’s preeminent fighting force. So as we gather tonight in the company of family and friends sharing a bunch of sea stories and lots of memories from our time in the fleet. Let us also remember that we are here to honor all of our sailors past, present, and future who answer our nation’s call to serve a cause greater than themselves.

    To wear the uniform that symbolizes freedom all around the world, and to ensure that America remains that beacon of freedom and democracy for all to see. We will continue to build on their contributions and share the story of our Navy. The story of 249 years about warfighting strength and readiness. So let me again wrap up by saying thank you.

    Thank you for what you do. Thank you for your support, your service and your sacrifice. Each of you plays a vital role in our Navy and what you do every single day matters to our Navy and to our nation. As your 33rd CNO, I could not be more proud to serve alongside you. And as we head into our 250th birthday next year, I can’t wait to see what this year brings.

    Thank you very much. Have a wonderful evening. Get to that rock concert. I’m excited about that. And all ahead, flank. Thank you very much.
     

    MIL Security OSI

  • MIL-OSI USA: US Department of Labor recovers $132K in wages, damages for 72 wholesale tortilla manufacturing workers in Los Angeles County

    Source: US Department of Labor

    Employer:                                 La Flor de Mexico Inc.

    Investigation site:                      5121 Commerce Drive

                                                       Baldwin Park, CA 91706

    Investigation findings: A U.S. Department of Labor Wage and Hour Division investigation found the wholesale tortilla manufacturer in Los Angeles County failed to pay minimum wage to 72 employees for all hours worked and overtime premium rates for hours over 40 in a workweek, in violation of the Fair Labor Standards Act. Investigators also discovered a joint employment relationship between La Flor de Mexico and Employee Force Provider, a staffing agency the manufacturer used to hire most of its workers and comanage the day-to-day operation of the tortilla manufacturing business.

    Wages, Damages Recovered:   $66,253 in back wages for 72 workers 

                                                       $66,253 in liquidated damages for 72 workers                     

    Quote: “The U.S. Department of Labor will always be vigilant to ensure all employers comply with the Fair Labor Standards Act,” said Wage and Hour Division Assistant District Director Skarleth Kozlo in West Covina, California. “Workers must be paid correctly and on time for their work.”

    Background: The Wage and Hour Division learned about this case thanks to a news segment by television reporter Cecilia Bográn that aired at Univision Los Angeles on May 20, 2024. La Flor de Mexico Inc. is a manufacturer and supplier of wheat, corn, oat and multigrain tortillas, as well as lavash and flatbread.

    Workers can use the division’s Workers Owed Wages search tool to see if they are owed back wages collected by the division. Employers and workers can contact the Wage and Hour Division for assistance at its toll-free number, 1-866-4-US-WAGE. Workers and employers alike can help ensure hours worked and pay are accurate by downloading the department’s Android and iOS Timesheet App for free in English or Spanish

    This news release is also available in Spanish. 

    MIL OSI USA News

  • MIL-OSI USA: Ball Corp. subsidiary to pay $309K to settle hiring discrimination of Black applicants at Georgia facility

    Source: US Department of Labor

    ROME, GA – The U.S. Department of Labor has announced Ball Container LLC, a subsidiary of Ball Corp., has entered into a conciliation agreement in which the employer will pay $309,000 in back wages and interest to resolve alleged race-based hiring discrimination at the company’s beverage manufacturing facility in Rome. 

    A routine compliance review by the department’s Office of Federal Contract Compliance Programs found that, from Feb. 1, 2020, through Jan. 31, 2021, the employer discriminated against 192 Black applicants for production technician positions at the facility. The agency determined Ball Container’s actions violated Executive Order 11246, which prohibits federal contractors from discriminating in employment based on race, color, religion, sex, sexual orientation, gender identity or national origin.

    In addition to paying back wages and interest, Ball Container agreed to provide four job offers to eligible class members when positions become available, review and revise its hiring process and provide training to all managers, supervisors and other company officials involved in the hiring process. 

    “Discrimination is preventable when employers have nondiscriminatory hiring procedures in place and see to it that they are followed,” said Office of Federal Contract Compliance Programs Acting Director Michele Hodge. “OFCCP will use every action available by law to ensure workers and job seekers are treated fairly, and that everyone has access to good paying jobs.”

    “Federal contractors that fail to give equal consideration to all applicants – regardless of gender, race or ethnicity – violate the law,” said Office of Federal Contract Compliance Programs Acting Southeast Regional Director Diana Sen in Atlanta. “There is no gray area for federal contractors, as regulations require them to ensure equal opportunity for all workers and compliance with federal employment laws.” 

    Headquartered in Westminster, Colorado, Ball Corp. is a federal contractor that supplies aluminum packaging for beverage, personal care and household products, as well as aerospace and other technologies and services primarily for the U.S. government. Since 2020, Ball Corp. has received more than $1.1 billion in contracts with the Department of the Air Force, National Aeronautics and Space Administration, and Space Development Agency.   

    OFCCP launched the Class Member Locator to identify applicants or workers who may be entitled to monetary relief and/or consideration for job placement as a result of OFCCP’s compliance evaluations and complaint investigations. If you think you may be a class member, someone who applied for a production technician position with Ball Container LLC at its Rome facility during the investigative period, please use OFCCP’s Class Member Locator to learn more about this and other settlements.

    In addition to Executive Order 11246, OFCCP enforces Section 503 of the Rehabilitation Act of 1973, and the Vietnam Era Veterans’ Readjustment Assistance Act of 1974. Together, these laws prohibit employment discrimination.

    Learn more about OFCCP.

    MIL OSI USA News

  • MIL-OSI USA: A Year of Sorrow

    Source: USAID

    One year ago today, Hamas orchestrated a brutal terrorist attack on Israel, killing more than 1,200 people and taking more than 250 hostages, many of whom are still held by Hamas or unaccounted for to this day. Forever seared into our collective consciousness are the memories of young people at a concert running for their lives, seniors and young children huddling in terror in their homes, and the searing sounds of the victims’ final words to their loved ones. We mourn all those that were murdered that day and grieve with all those who have suffered since.  

    In February, I visited Kibbutz Be’eri, situated on the Gaza periphery, where nearly 100 people were murdered and nearly 30 taken hostage. I saw the horrors that were perpetrated when terrorists attacked a peaceful community and murdered and kidnapped innocent people en masse. I spoke with a father who, in the hours after the attack, attempted to get his children to safety – covering their eyes as they ran so they wouldn’t have to see the carnage around them. He showed me the place where his kids’ grandfather and grandmother were executed at point blank range. We must not forget the lives lost, the families broken, and those who have endured 365 excruciating days of waiting for word of their stolen loved ones. 

    And in the year since, the human cost of the war that began due to the attacks on October 7 has been unimaginable. Across the region, innocent men, women, and children who wanted nothing more than to live in peace and safety have been killed. We mourn all those who have lost their lives in Israel, the West Bank, and Lebanon, and the tens of thousands of Palestinian civilians killed in Gaza – including more than 11,000 children. When I spoke with Palestinians during a visit to the West Bank earlier this year, one man told me that a single Israeli airstrike killed 16 of his grandchildren. So many in Gaza are hungry, sick, and cold – displaced from their homes, and approaching winter with little to no shelter. 

    Across our own USAID community, staff have been deeply impacted by the carnage and trauma of October 7 and the past year of war and humanitarian crisis – including by the horrific deaths and serious injuries of family and friends in Israel, Gaza, and Lebanon. In Gaza, USAID-funded local implementing partner staff and volunteers have been among those who have been injured and killed during Israeli military operations.  

    Looking back over the last year, nothing will bring back those who have died, and nothing can undo the agony people have been living through. Looking forward, all those involved in this conflict must do more to prevent further suffering. The U.S has been the single largest provider of aid to the Palestinian people since October 7, and we continue our relentless push for an enduring ceasefire that will bring home the hostages and end the war in Gaza, as well as our humanitarian efforts and support for diplomacy to provide much-needed relief to people across the region.

    MIL OSI USA News

  • MIL-OSI USA: Tech Today: Spraying for Food Safety

    Source: NASA

    Whether protecting crops from diseases and pests or sanitizing contaminated surfaces, the ability to spray protective chemicals over important resources is key to several industries. Electrostatic Spraying Systems Inc. (ESS) of Watkinsville, Georgia, manufactures electrostatic sprayers and equipment that make this possible. By licensing NASA electrostatic technology, originally made to water plants in space, ESS’s improved spray nozzles efficiently use basic laws of electricity to achieve complete coverage on targeted surfaces. 
    ESS traces its origins to research done at the University of Georgia in the 1970s and ’80s. An electrostatic sprayer works by inducing an electric charge onto atomized droplets. Much like an inflated balloon sticking to a wall when it’s gained a charge of static electricity, the droplets then stick to targeted surfaces.
    NASA’s interest in this technology originated with astronauts’ need for an easy way to support plant-growth experiments in space. On the International Space Station, watering plants without the help of gravity isn’t as easy as using a garden hose on Earth. In the future, using a system like an electrostatic sprayer on the space station or other orbiting destination could help the water droplets stick to the plants with uniform coverage. However, most spraying systems require large sources of water and air to properly aerosolize fluids.

    As both air and water are precious resources in space, NASA needed an easier way to make these incredibly small droplets. Charles Buhler and Jerry Wang of NASA’s Kennedy Space Center in Florida led the efforts to develop this capability, with Edward Law of the University of Georgia as a consulting expert. Eventually, the NASA team developed a new design by learning from existing technology called a mister nozzle. The benefit of a mister is that even though the interior volume of the nozzle is small, the pressure inside never builds up, which makes it perfect for enclosed small spaces like the space station.
    As the sprayer industry is a tight-knit group, technology transfer professionals at NASA reached out to the companies that could use a nozzle like this on Earth. Electrostatic Spraying Systems responded and later licensed the sprayer design from the agency and incorporated it into the company’s Maxcharge product lines.

    MIL OSI USA News

  • MIL-OSI Canada: Tribunal Initiates Expiry Review—Hot-rolled Carbon Steel Plate and High-strength Low-alloy Steel Plate from Bulgaria, the Czech Republic and Romania

    Source: Government of Canada News

    The Canadian International Trade Tribunal today initiated an expiry review of its order made on October 31, 2019, in expiry review RR-2018-007, to determine if the expiry of the order is likely to lead to continued or resumed dumping of hot-rolled carbon steel plate and high-strength low-alloy steel plate from the Republic of Bulgaria, the Czech Republic and Romania and is likely to result in injury to the domestic industry.

    Ottawa, Ontario, October 7, 2024—The Canadian International Trade Tribunal today initiated an expiry review of its order made on October 31, 2019, in expiry review RR-2018-007, to determine if the expiry of the order is likely to lead to continued or resumed dumping of hot-rolled carbon steel plate and high-strength low-alloy steel plate from the Republic of Bulgaria, the Czech Republic and Romania and is likely to result in injury to the domestic industry.

    No later than March 6, 2025, the Canada Border Services Agency will determine if there is a likelihood of resumed or continued dumping. In the event of a positive determination, the Tribunal will determine, no later than August 13, 2025, whether the continued or resumed dumping is likely to result in injury to the domestic industry.

    The Tribunal is an independent quasi-judicial body that reports to Parliament through the Minister of Finance. It hears cases on dumped and subsidized imports, safeguard complaints, complaints about federal government procurement and appeals of customs and excise tax rulings. When requested by the federal government, the Tribunal also provides advice on other economic, trade and tariff matters.

    Any interested person, association or government that wishes to participate in the Tribunal’s expiry review may do so by filing Form I—Notice of Participation

    MIL OSI Canada News

  • MIL-OSI USA: MSA Marks 25th Anniversary with Celebration on Oct. 17

    Source: US State of Connecticut

    The MSA program is celebrating its 25th anniversary this year, a significant milestone for the trailblazing program that consistently ranks among the best in the nation.

    “I wish I could take the spirit, the energy, and the interaction that occurs in this program, bottle it and present it to potential students,’’ said accounting professor Steve Pedneault, who owns a forensic accounting firm and has been teaching in the program since 2007. “If they knew how special it is here, they would all come to UConn.’’

    He said he speaks with colleagues and students around the country, who confirm that UConn MSA is unique.

    “First, our professors are experts in the field. You’re learning forensic accounting from an expert, you’re learning tax law from people who worked at the IRS,’’ he said.

    “What we also do better than anyone else is our level of interaction with students,’’ he said. “When I started here, the leadership made it clear if you’re not going to have a high level of interaction with students, you’re not going to be here long!’’

    Celebration Dinner Slated for Oct. 17

    To honor its history and achievement, the MSA program is having a 25th anniversary dinner Oct. 17. Faculty, alumni, students, and business partners are welcome to attend.

    “We are very excited to be hosting this event and to recognize the MSA program for how groundbreaking it was,’’ said Professor George Plesko, head of the accounting department. “We’re proud that we have maintained the program’s excellence, despite the increased competition, and regularly receive national recognition among the best online programs in the country. There are many people who have contributed to that success and I am grateful for them all.’’

    The MSA program began in-person in 1999 and quickly converted to an online format, an approach to education that was almost unheard of then. In the last decade, U.S. News has consistently ranked the program among the Top 10 in the nation.

    Part of a World-Class Institution

    Professor Irene Louth ’02, ’03 MSA is the Chief Tax Officer and Vice President of Taxation at Atlas Air and a two-time UConn alumna. She holds the accounting program in the highest regard.

    “UConn is a world-class institution, and it was a privilege to be part of the UConn Accounting community,’’ she said. “My accounting degrees opened doors for me, and I had many companies competing for my skills. Because of my education at UConn, I passed my CPA exam on the first try with one of the top scores in the state. My UConn experience was excellent and allowed me to step into the world of accounting.’’

    When she was approached about an opportunity to teach in the program two years ago, she didn’t hesitate. She said it was an honor to apply her knowledge and experience and nurture the next generation of professionals.

    “The MSA program instills a great sense of readiness for the learners,’’ she said. “UConn prepares you for what comes next, whether it’s the CPA exam or life as a young professional.’’

    Caring Faculty, High Performing Students

    Alumna Christine D. Gagnon ’02, ’03 MSA , ‘08 MBA is Chief Financial Officer of Roha Group, a New York-based private equity firm, and CEO of Odin Frigg, a boutique agency and advisory services firm. She said that one of the most memorable aspects of the MSA program is the quality and engagement of the faculty.

    “The faculty were very caring and invested,’’ she said. “My fellow students were all of a solid caliber and were striving for high performance as they prepared to enter the professional workforce. Having a peer group of the highest quality was helpful. I’m still in touch with many of my classmates today.’’

    She also appreciated the convenience and flexibility that allowed her to work in the profession, with all the seasonal and client-related demands, while completing her MSA.

    “The Big Four were well connected within the department,’’ she said. “From the university to the profession, everything was well aligned and very relevant. In addition, the program was practical; I could immediately apply the lessons I’d learned.’’

    Louth said she thinks more milestones are on the horizon for the MSA program. “I wish the UConn MSA program another 25-, 75- and 125-year anniversary with quality candidates, faculty, and staff,’’ she said. “I’m biased but I think there is no accounting program that’s better.’’

    The MSA 25th anniversary celebration on Oct. 17 is open to alumni and current students. Tickets are $25 per person. The event begins at 5:45 and runs until 9 p.m. at the Alumni Center in Storrs. To register, please visit: https://msaccounting.uconn.edu/anniversary/. For more information, please contact Erika Durning at Erika.Durning@uconn.edu.

    MIL OSI USA News

  • MIL-OSI Canada: CRTC takes action to help reduce roaming fees for Canadians

    Source: Government of Canada News (2)

    Today, the CRTC is taking action to help make cellphone use more affordable when Canadians travel internationally and within Canada.

    October 7, 2024 – Ottawa-Gatineau – Canadian Radio-television and Telecommunications Commission (CRTC)

    Today, the CRTC is taking action to help make cellphone use more affordable when Canadians travel internationally and within Canada.  

    When it comes to international travel, the CRTC has heard that Canadians pay too much in roaming fees. The CRTC conducted a review to examine these fees. To inform the review, the CRTC obtained and analyzed confidential information from Canadian cellphone companies. It also considered the findings of a number of studies and reviewed public information on roaming.

    The CRTC found that Canadians often end up paying high fees when roaming. Roaming fees for Canadian travelers are often inflexible, causing consumers to pay a flat fee of $10 to $16 per day regardless of how much they use their cellphone. The CRTC’s priority is to ensure that Canadians have the flexibility to choose an affordable plan that best meets their needs.

    To address these concerns, the CRTC is calling on large cellphone companies to take immediate action to provide affordable roaming options. Companies must inform the CRTC by November 4, 2024, of the concrete steps they are taking to respond to these concerns. If the CRTC finds that sufficient progress is not made, it will launch a formal public proceeding.

    The CRTC is also taking steps to help make it more affordable for Canadians to travel within Canada. Domestic wholesale roaming rates are the fees that cellphone service providers pay when their customers travel outside of the provider’s coverage area. These fees are a key factor that providers use when setting prices for cellphone plans.

    Many agreements that set the wholesale roaming rates between cellphone service providers are several years old with rates that do not reflect today’s market. The CRTC is therefore requiring providers to set new rates through timely negotiations with each other. If cellphone providers cannot come to an agreement, the CRTC will set the rates using a process known as final offer arbitration. The CRTC expects this will result in lower prices.

    The CRTC will continue to actively monitor roaming rates.

    Quote

    “Canadians need to stay connected when they travel, but often come home to high cellphone bills. The CRTC is taking action to help reduce roaming fees and is ready to launch a formal public proceeding if Canadians’ concerns are not addressed.”

    – Vicky Eatrides, Chairperson and Chief Executive Officer, CRTC

    Quick facts

    • The CRTC is an independent quasi-judicial tribunal that regulates the Canadian communications sector in the public interest. The CRTC holds public consultations on telecommunications and broadcasting matters and makes decisions based on the public record.
    • Under the CRTC’s Wireless Code, service providers cannot charge more than $100 for domestic and international data roaming within a month or per billing cycle. Service providers must also notify users when they are roaming internationally.

    Associated links

    General Inquiries
    Telephone: 819-997-0313
    Toll free: 1-877-249-CRTC (2782)
    TTY: 819-994-0423

    MIL OSI Canada News

  • MIL-OSI New Zealand: Apprenticeship Boost targets key occupations

    Source: New Zealand Government

    Investment in Apprenticeship Boost will prioritise critical industries and targeted occupations that are essential to addressing New Zealand’s skills shortages and rebuilding the economy, Tertiary Education and Skills Minister Penny Simmonds and Social Development and Employment Minister Louise Upston say.

    “By focusing Apprenticeship Boost on first-year apprentices in targeted occupations, we are providing employers in critical industries with the certainty to hire and retain first-year apprentices, and confidently hire new ones,” Ms Simmonds says.

    “Having the confidence to build and strengthen your team is important, especially when many businesses are doing it tough right now.”

    The National-NZ First Coalition Agreement includes a commitment to continue Apprenticeship Boost, with $64 million allocated to initiative in Budget 2024.

    “The previous government had set time-limited funding until the end of 2024.  

    “Our investment in Apprenticeship Boost, reinforces this Government’s commitment to fostering a skilled workforce in sectors that are critical to economic growth. First-year apprentices in key industries and occupations will continue to benefit,” Ms Simmonds says. 

    From 1 January 2025, Apprenticeship Boost will prioritise key sectors and targeted occupations that are crucial to New Zealand’s growth and sustainability. They are:

    • Building
    • Agriculture
    • Horticulture and Viticulture 
    • Forestry Studies 
    • Manufacturing, Engineering and Technology 
    • Process and Resources Engineering 
    • Automotive Engineering and Technology 
    • Electrical and Electronic Engineering and Technology
    • Aerospace Engineering and Technology 
    • Maritime Engineering and Technology
    • Other Engineering and Technology 
    • Human Welfare Studies and Services 
    • Food and Hospitality

    The targeted occupations are defined by the New Zealand Standard Classification of Education (NZSCED) code, ensuring that the initiative addresses the most pressing skill gaps and supports the long-term success of the economy.

    Employers can continue to claim funding for eligible apprentices under the current settings until 31 December 2024. Employers receiving funding for second-year apprentices will continue to receive $500 monthly payments until the same date.

    From 1 January 2025, only employers of first-year apprentices in targeted industry areas will be eligible for the $500 monthly subsidy.

    These improvements to Apprenticeship Boost reflect the Government’s commitment to deliver a strong economy and support more New Zealanders into jobs.

    “Our economy is stronger when more people are in work,” Ms Upston says.

    “Industry training plays an important part in making sure our young people have more opportunities to get ahead through work, but we need to make sure the skills and qualifications they are gaining are also in sync with what our country needs.

    “Targeting Apprenticeship Boost makes sense as it will strengthen the long-term success of our key industries as we grow a more skilled workforce.”

    The Ministry of Education will review the targeted sectors every two years to ensure the programme continues to address skills shortages and aligns with New Zealand’s evolving economic priorities. The first review is scheduled for July 2027.

    Notes to editors:

    Find out more information: Apprenticeship Boost – Work and Income

    MIL OSI New Zealand News

  • MIL-OSI USA: Rep. Stansbury Releases Statement Marking One Year Since Hamas’ Attack on Israel

    Source: United States House of Representatives – Representative Melanie Stansbury (N.M.-01)

    ALBUQUERQUE — U.S. Representative Melanie Stansbury (NM-01) released the following statement marking one year since the deadliest attack on the Jewish people since the Holocaust:

    “Today marks one year since Hamas’ horrific attack on Israel where more than 1,400 Israelis were murdered and hundreds were taken hostage. A year later, we must continue working to ensure the safety and return of the hostages and keep every victim in our hearts – may their memories be a blessing,” said Rep. Melanie Stansbury. “This day will forever be remembered as a dark moment in the long history of this region. 

    “In the year that has passed and escalating violence in Gaza and across the region, there has been unimaginable human suffering – tens of thousands of people killed, hundreds of thousands starving – with Palestinians across Gaza and the West Bank continuing to face violence daily. I commend President Biden for his work with the U.N. Security Council to put forth a viable ceasefire deal. We must continue to push for a ceasefire.

    “Centering diplomacy to stem the tides of war and end the catastrophic human suffering is critical as we move forward. As Iran renews aerial attacks on Israel, and Israel goes after Hezbollah within Lebanon, hundreds of thousands of innocent civilians have been caught in the crosshairs of war.

    “I continue to renew my call for the Biden Administration to continue pushing to end the war and secure a ceasefire, the return of all hostages, to secure urgent and necessary humanitarian aid to Palestinians and all those suffering, and to ensure American-made weapons are not used for offensive measures.  The violence must end, and the U.S. must do everything we can to help secure a permanent and lasting peace.”

    ### 

    MIL OSI USA News

  • MIL-OSI: Nasdaq Reports September 2024 Volumes and 3Q24 Statistics

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for September 2024, as well as quarterly volumes, estimated revenue capture, number of listings, and index statistics for the quarter ended September 30, 2024, on its Investor Relations website.

    A data sheet showing this information can be found at: http://ir.nasdaq.com/financials/volume-statistics.

    About Nasdaq

    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at http://www.nasdaq.com.

    Cautionary Note Regarding Forward-Looking Statements
    Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to (i) projections relating to our future financial results, total shareholder returns, growth, trading volumes, products and services, ability to transition to new business models, taxes and achievement of synergy targets, (ii) statements about the closing or implementation dates and benefits of certain acquisitions, divestitures and other strategic, restructuring, technology, de-leveraging and capital allocation initiatives, (iii) statements about our integrations of our recent acquisitions, (iv) statements relating to any litigation or regulatory or government investigation or action to which we are or could become a party, and (v) other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at http://www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

    Media Relations Contacts:

    Nick Jannuzzi
    +1.973.760.1741
    Nicholas.Jannuzzi@Nasdaq.com

    Nick Eghtessad
    +1.929.996.8894
    Nick.Eghtessad@Nasdaq.com

    Investor Relations Contact:

    Ato Garrett
    +1.212.401.8737
    Ato.Garrett@Nasdaq.com

    -NDAQF-

    The MIL Network

  • MIL-OSI: Vital Energy Schedules Third-Quarter 2024 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    TULSA, OK, Oct. 07, 2024 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) will report third-quarter 2024 financial and operating results after the market close on Wednesday, November 6, 2024 and host a conference call and webcast on Thursday, November 7, 2024 at 7:30 a.m. CT.

    To participate on the call, dial 800.715.9871, using conference code 1544492 or listen to the call via the Company’s website at http://www.vitalenergy.com “Investor Relations | News & Presentations | Upcoming Events.”

    About Vital Energy

    Vital Energy, Inc. is an independent energy company with headquarters in Tulsa, Oklahoma. Vital Energy’s business strategy is focused on the acquisition, exploration and development of oil and natural gas properties in the Permian Basin of West Texas.

    Additional information about Vital Energy may be found on its website at http://www.vitalenergy.com.

    Investor Contact:
    Ron Hagood
    918.858.5504
    ir@vitalenergy.com

    The MIL Network

  • MIL-OSI: Columbia Financial, Inc. Announces Completion of Merger of Freehold Bank Into Columbia Bank

    Source: GlobeNewswire (MIL-OSI)

    FAIR LAWN, N.J., Oct. 07, 2024 (GLOBE NEWSWIRE) — Columbia Financial, Inc. (Nasdaq: CLBK) (the “Company”), the mid-tier holding company for Columbia Bank, announced today the completion of the merger of Freehold Bank with and into Columbia Bank, effective as of October 5, 2024. Prior to the bank merger, Freehold Bank and Columbia Bank were held and operated as separate subsidiaries of the Company.

    In connection with the completion of the bank merger, James H. Wainwright, President and Chief Executive Officer of Freehold Bank, was appointed to the Board of Directors of Columbia Bank.

    About Columbia Financial, Inc.

    Columbia Financial, Inc. is a Delaware corporation organized as Columbia Bank’s mid-tier stock holding company. Columbia Financial, Inc. is a majority-owned subsidiary of Columbia Bank, MHC. Columbia Bank is a federally chartered savings bank headquartered in Fair Lawn, New Jersey that operates 68 full-service banking offices and offers traditional financial services to consumers and businesses in its market area.

    Columbia Financial, Inc.
    Investor Relations Department
    (833) 550-0717

    The MIL Network

  • MIL-OSI: USCB Financial Holdings, Inc. To Announce Third Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 07, 2024 (GLOBE NEWSWIRE) — USCB FINANCIAL HOLDINGS, INC. (the “Company”) (NASDAQ: USCB) will report financial results for the quarter ended September 30, 2024 after the market closes on Thursday, October 31, 2024.

    A conference call to discuss quarterly results will also be held with Chairman, President, and CEO, Luis de la Aguilera, Chief Financial Officer, Robert Anderson, and Chief Credit Officer, William Turner, details which are provided below.

    Live Conference Call and Audio Webcast

    Date: Friday, November 1, 2024
    Time: 11:00am Eastern Time
    Dial-in: (833) 816-1416 (toll free in the U.S.)
    Passcode: USCB Financial Holdings Call

    A live audio webcast of the call will be available with the press release and slides on the investor relations page of the Company’s website at https://investors.uscenturybank.com/. Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the internet broadcast.

    A replay of the webcast will be archived on the investor relations page shortly after the conference call has ended.

    About USCB Financial Holdings, Inc.

    USCB Financial Holdings, Inc. is the bank holding company for U.S. Century Bank. Established in 2002, U.S. Century Bank is one of the largest community banks headquartered in Miami, and one of the largest community banks in the state of Florida. U.S. Century Bank is rated 5-Stars by BauerFinancial, the nation’s leading independent bank rating firm. U.S. Century Bank offers customers a wide range of financial products and services and supports numerous community organizations, including the Greater Miami Chamber of Commerce, the South Florida Hispanic Chamber of Commerce, and ChamberSouth. For more information or to find a U.S. Century Bank banking center near you, please call (305) 715-5200 or visit http://www.uscentury.com.

    Contacts:

    Investor Relations
    InvestorRelations@uscentury.com

    Media Relations
    Martha Guerra-Kattou
    MGuerra@uscentury.com

    The MIL Network

  • MIL-OSI: Globalink Investment Inc. Announces Extension of the Deadline to Complete a Business Combination to November 9, 2024

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, Oct. 07, 2024 (GLOBE NEWSWIRE) — Globalink Investment Inc. (Nasdaq: GLLI, GLLIW, GLLIR, GLLIU) (“Globalink” or the “Company”), a special purpose acquisition company, announced today that on October 3, 2024, it caused to be deposited $60,000 (the “Extension Payment”) into its trust account (the “Trust Account”) with Continental Stock Transfer and Trust Company (“Continental”) to extend the deadline to complete its initial business combination from October 9, 2024 to November 9, 2024. The extension is the sixteenth extension since the consummation of the Company’s initial public offering on December 9, 2021, and the eleventh of twelve extensions permitted under the Company’s governing documents currently in effect.

    About Globalink Investment Inc.

    Globalink is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Although there is no restriction or limitation on what industry or geographic region, Globalink intends to pursue targets in North America, Europe, South East Asia, and Asia (excluding China, Hong Kong and Macau) in the medical technology and green energy industry.

    Cautionary Statement Regarding Forward-Looking Statements

    Certain statements in this press release are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential,” “outlook,” “guidance” or the negative of those terms or other comparable terminology. These statements are based on the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause future events to differ materially from those in the forward-looking statements, many of which are outside of the Company’s control. These factors include, but are not limited to, a variety of risk factors affecting the Company’s business and prospects, see the section titled “Risk Factors” in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2023 filed with the SEC on April 2, 2024 and the prospectus filed with the SEC on December 6, 2021 and subsequent reports filed with the SEC, as amended from time to time. Any forward-looking statements are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Globalink Contact:

    Say Leong Lim
    Globalink Investment Inc.
    Telephone: +6012 405 0015
    Email: sllim@globalinkinvestment.com

    The MIL Network

  • MIL-OSI: Visteon to Announce Third Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    VAN BUREN TOWNSHIP, Mich., Oct. 07, 2024 (GLOBE NEWSWIRE) — Visteon Corporation (Nasdaq: VC), a global technology company serving the mobility industry, will release its third quarter 2024 financial results before the market opens on Thursday, Oct. 24. The company will host a conference call for the investment community at 9 a.m. ET to discuss the results and related matters. The conference call is also available to the public via a live audio webcast.

    The dial-in numbers to participate in the call are:

    • U.S./Canada Participants Toll-Free Dial-In Number: 1-888-330-2508
    • International Participants Toll Dial-In Number: 1-240-789-2735
    • Conference ID: 8897485

    (Dial-in approximately 10 minutes before the start of the conference.)

    The conference call and live audio webcast, related presentation materials, news release and other supplemental information will be accessible in the Investors section of Visteon’s website. Shortly after the call, a replay of the webcast will be available on the company’s website.

    About Visteon 
    Visteon is advancing mobility through innovative technology solutions that enable a software-defined and electric future. With next-generation digital cockpit and electrification products, Visteon leverages the strength and agility of its global network with a local footprint to deliver a cleaner, safer and more connected vehicle experience. Headquartered in Van Buren Township, Michigan, Visteon operates in 17 countries worldwide, recorded approximately $3.95 billion in annual sales and booked $7.2 billion of new business in 2023. Learn more at investors.visteon.com. 

    Follow Visteon:

    https://www.linkedin.com/company/visteon 
    https://twitter.com/visteon 
    https://www.facebook.com/VisteonCorporation 
    https://www.youtube.com/user/Visteon
    https://www.instagram.com/visteon/ 
    https://mp.weixin.qq.com/?lang=en_US 
    https://m.weibo.cn/u/6605315328 
    http://i.youku.com/u/UNDgyMjA1NjUxNg==?spm=a2h0k.8191407.0.0  

    The MIL Network

  • MIL-OSI: Trans Mountain Announces 10-Year Monitoring Agreement with Hifi Engineering

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Oct. 07, 2024 (GLOBE NEWSWIRE) — Trans Mountain has entered into an agreement with Hifi Engineering (Hifi) to deploy a High-fidelity Distributed Sensing (HDS™) fibre optic network for comprehensive monitoring and enhanced leak detection on the Trans Mountain Expansion Project. The hybrid fibre optic network consists of a telecommunications cable paired with Hifi’s specialized optical sensing fibre and dual micro duct conduit.

    “Trans Mountain is committed to continuous improvement in all facets of our operation,” said Jason Balasch, Vice President, Business Development and Commercial Services. “Our pipeline system was already monitored around the clock by two leak detection systems through our control centre in Edmonton. This agreement with Hifi provides our system another layer of leak detection and comprehensive monitoring utilizing their state-of-the-art technology.”

    In addition to installing the fibre optic system for enhanced leak detection and intrusion monitoring, Trans Mountain and Hifi have signed a 10-year monitoring agreement. Under this agreement, Hifi will provide real-time monitoring support from its 24/7 operations centre.

    “We are honoured to have this agreement with Trans Mountain to include 24/7 monitoring support of this multi-product infrastructure,” said Steven Koles, President and CEO, Hifi. “It represents a great showcase of the product agnostic distributed optical sensing and artificial intelligence and machine learning technology from Hifi which can be applied to all types of pipelines including conventional oil and gas, as well as carbon dioxide, hydrogen, and water.”

    State-of-the-art fibre optic system deployed on pipeline for the Trans Mountain Expansion Project.

    The Trans Mountain and Hifi initiative marks the world’s longest fully distributed fibre optic sensing deployment on a multi-product liquids pipeline.

    Hifi’s HDS™ system, now substantially complete, has been under a progressive baselining and commissioning process since the completion of the Trans Mountain Expansion Project. This process leverages new automation and machine learning developed by Hifi to fully baseline normal pipeline operations.

    The deployment includes surveillance support for leak detection, ground disturbance and security integrity risks, including right-of-way intrusion, strain monitoring, pig tracking and other operational applications. The fibre optic system can measure vibrations, temperature and pipe movement, continuously and accurately and can pinpoint the location of a suspected leak or other event within metres.

    Trans Mountain’s pipeline system is also monitored by two computational systems, overseen by control centre operators and the leak detection group. Operators have the authority to shut down the pipeline in the event of a system alarm.

    Trans Mountain and Hifi were recently recognized by the Fibre Optic Sensing Association (FOSA), receiving Project of the Year for this initiative.

    State-of-the-art fibre optic system deployed on pipeline for the Trans Mountain Expansion Project.

    About Trans Mountain

    Trans Mountain Corporation operates Canada’s only pipeline system transporting oil products to the West Coast. We deliver approximately 890,000 barrels of petroleum products each day through a dual pipeline system of more than 1,150 kilometres of pipeline in Alberta, British Columbia and 111 kilometres of pipeline in Washington state.

    Trans Mountain also operates a state-of-the-art loading facility, Westridge Marine Terminal, with three berths providing tidewater access to global markets.

    As a federal Crown corporation, Trans Mountain continues to build on more than 70 years of experience delivering operational and safety excellence through our crude oil pipeline system.

    With our expanded pipeline system now in place, Trans Mountain provides enhanced direct access for Canadian crude oil to world markets. The expansion realizes a world-class system for oil transport, developed to Canada’s high standards within one of the most stringent regulatory regimes in the world, creating long-term economic benefits, enhanced marine protection, enhanced safety and emergency management capabilities, and enhanced skilled-worker capacity building in communities and Indigenous groups.

    About Hifi

    Hifi is a privately held Canadian company, with minority ownership from Enbridge, Cenovus and BDC, specializing in the development, supply and commercial operation of next generation fiber optic sensing technologies and machine learning software primarily used for preventative monitoring of pipelines and other critical assets. Hifi’s technology is deployed across over 3.5 million meters of pipeline assets globally. Headquartered in Calgary, Alberta, Hifi currently has a number of commercialized service offerings based on its high fidelity distributed sensing (HDS™) technology platform, over 100 patents issued or pending, and was recently awarded 2023 Innovation award from Energy Connections Canada (ECC). Hifi was also named one of SDTC’s Sustainability Changemakers for both 2022 and 2023 in addition to winning awards from the Fiber Optic Sensing Association in 2023, 2022 and 2021 for Innovation and Project of the Year (for the 1,200 km Trans Mountain Expansion pipeline project). Hifi has ranked as one of the Fastest-Growing Companies in North America on the 2021 and 2023 Deloitte Technology Fast 500.

    Media Contact

    Trans Mountain Media Relations
    (604) 908-9734 or (855) 908-9734
    media@transmountain.com

    Hifi Engineering
    (403) 264-8930
    info@hifieng.com

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/0f1c71da-554a-49b2-9a7c-53c138e89f54

    https://www.globenewswire.com/NewsRoom/AttachmentNg/55b5ee87-bf52-4f13-8a0d-4210e18ac37b

    The MIL Network

  • MIL-OSI USA: Cornyn Leads Colleagues in Urging Restoration of NADBank’s Water Infrastructure Program

    US Senate News:

    Source: United States Senator for Texas John Cornyn

    WASHINGTON – U.S. Senator John Cornyn (R-TX), along with Senator Ted Cruz (R-TX) and Representatives Monica De La Cruz (TX-15), Vincente Gonzalez (TX-34), Tony Gonzales (TX-23), Veronica Escobar (TX-16), and Henry Cuellar (TX-28), today sent a letter to the North American Development Bank (NADBank) expressing strong support for the re-establishment of NADBank’s Water Infrastructure Fund and urging the board to take swift action in restoring this critical program to improve water security for border communities. 

    “The need for sustainable water management in the U.S.-Mexico border region is greater than ever. Re-establishing the fund would be a significant step in ensuring long-term water security for both municipal and agricultural communities,” they wrote.

    “As it did in previous years, NADBank should use funding from retained earnings to provide concessional financing such as grants or subsidized loans for water conservation and diversification projects. This investment is essential to the well-being of our American municipalities and agricultural projects, and we fully support the Bank’s role in overseeing and implementing the fund to ensure these resources are allocated effectively.”

    “We are confident that the re-establishment of the Water Infrastructure Fund will greatly benefit both sides of the border, ensuring that our communities have the water resources they need for the future,” the lawmakers concluded.

    Full text of the letter is here and below.

    October 7, 2024

    United States Board Members

    North American Development Bank

    203 S. St. Mary’s St., Ste 300

    San Antonio, Texas 78205

    Dear Members of the Board,

    We are writing to express our strong support for the re-establishment of NADBank’s Water Infrastructure Fund and to urge the Board to take swift action in restoring this critical program. The need for sustainable water management in the U.S.-Mexico border region is greater than ever. Re-establishing the fund would be a significant step in ensuring long-term water security for both municipal and agricultural communities.

    As it did in previous years, NADBank should use funding from retained earnings to provide concessional financing such as grants or subsidized loans for water conservation and diversification projects. This investment is essential to the well-being of our American municipalities and agricultural projects, and we fully support the Bank’s role in overseeing and implementing the fund to ensure these resources are allocated effectively.

    Any grant funding re-established through this program must be directed to both municipal and agricultural projects. These projects should not only conserve water, but also explore new ways to create additional water sources in the border region. In doing so, NADBank can address the urgent need for water security on both sides of the U.S.-Mexico border.

    The flexibility of the grant program is critical. NADBank must be permitted to fund partial project costs in coordination with loans to enable solutions for a wide variety of projects. Additionally, NADBank should not be prohibited from providing loan financing to cover any remaining costs so as to ensure the fund remains adaptable and accessible.

    Leveraging resources from other federal and state agencies such as the USDA-Rural Development, Bureau of Reclamation, and the Texas Water Development Board, will be critical in closing the funding gap for these water projects. We urge the Board to coordinate efforts with these entities to maximize the impact of NADBank’s investments.

    Lastly, we request that U.S. Board members encourage Mexico to meet its capital commitments in a timely manner, and that the U.S. Board use its voice and vote to expedite the release of the remaining U.S. capital in line with Mexico’s payments.

    Thank you for your attention to this matter. We are confident that the re-establishment of the Water Infrastructure Fund will greatly benefit both sides of the border, ensuring that our communities have the water resources they need for the future.

    Sincerely,

    /s/

    MIL OSI USA News

  • MIL-OSI Reportage: New path to home ownership on Māori land: BNZ expands innovative funding framework

    Source: BNZ statements

    More Māori and whānau across Aotearoa will benefit from home ownership opportunities, thanks to an expanded funding framework that enables lending for housing on Māori freehold land.

    Under the expanded model, individuals and whānau who meet BNZ’s standard home lending criteria can secure a home loan for housing on Māori land managed by land trusts or incorporations, at standard home loan interest rates.

    This is an extension to Bank of New Zealand’s (BNZ) innovative funding model, initially developed in collaboration with Ngāti Whātua Ōrākei, to support more Māori to achieve home ownership on their whenua (land).

    Whetu Rangi, BNZ Head of Māori Business, says the initiative is step forward in addressing the unique challenges Māori face when seeking finance to build homes on their whenua.

    “It’s about more than just providing loans; it’s about empowering our people to create sustainable, thriving communities on their whenua.”

    About Māori land trusts and incorporations

    Māori land trusts and incorporations play a crucial role in the management of Māori freehold land, which covers approximately 1.4 million hectares—about 5% of New Zealand’s land area. This differs from iwi-owned land, which is typically held by an iwi post settlement entity as a result of Treaty of Waitangi settlements.

    A significant portion of Māori freehold land is held in trusts and incorporations, which manage the land on behalf of multiple owners. These owners are generally connected through whakapapa (genealogy) and can number in the hundreds or even thousands for a single land block.

    The collective ownership structure of Māori land has historically posed challenges for lending. This, combined with restrictions on land transferability, including those in Te Ture Whenua Māori Act 1993, has created barriers to using Māori land as security for loans. As a result, whānau have faced significant obstacles in obtaining individual home loans on collectively owned land, impeding housing development on ancestral lands for generations.

    Overcoming barriers to lending

    To address this, the BNZ framework uses leasehold mortgage lending practices that align with Māori land ownership legislation and enshrines agreements that ensure property is controlled by the Māori land trust, incorporations and owners, which would take over in the event of a distressed mortgage.

    This approach balances the bank’s security requirements with the land rights of shareholders and beneficiaries of Māori land.

    BNZ CEO Dan Huggins says extending the framework is about supporting Māori aspirations.

    “Developing this framework has taken several years, requiring a significant amount of legal work, and a full understanding of the unique aspects of Māori land ownership. This model respects the collective ownership structures of Māori land and ensures that the land remains a taonga tuku iho—a treasure passed down through generations,” he says.

    “We’re proud that we’ve managed to develop a solution that not only can facilitate home ownership on whenua Māori but also acknowledges and protects the deep connection Māori have with their whenua. We hope this approach is the first of many innovative solutions enabling Māori home ownership.”

    The post New path to home ownership on Māori land: BNZ expands innovative funding framework appeared first on BNZ Debrief.

    MIL OSI Analysis

  • MIL-OSI: Launch Two Acquisition Corp. Announces the Pricing of $200,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, Oct. 07, 2024 (GLOBE NEWSWIRE) — Launch Two Acquisition Corp. (the “Company”) announced today the pricing of its initial public offering of 20,000,000 units. The units are expected to be listed on The Nasdaq Stock Market LLC (“Nasdaq”) and begin trading tomorrow, October 8, 2024, under the ticker symbol “LPBBU.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “LPBB” and “LPBBW,” respectively. The offering is expected to close on October 9, 2024, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.

    The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be on technology and software infrastructure companies whose products and services target financial services, real estate and asset management companies. The Company will pursue completing a business combination with an established business of scale poised for continued growth, led by a highly regarded management team.

    The Company’s management team is led by James J. McEntee III, its Chief Executive Officer and Chairman of the Board of Directors (the “Board”), and Jurgen van de Vyver, its Chief Financial Officer. The Board also includes Lynn Eisenhart, Jeffrey M. Shanahan, and Alfred J. Pierce III.

    Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering.

    The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022, or by email at prospectus@cantor.com.

    A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on October 7, 2024. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all.

    Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, http://www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Investor Contacts

    Launch Two Acquisition Corp.
    Jurgen van de Vyver
    jurgen@launchpad.vc
    (510) 692-9600

    The MIL Network

  • MIL-OSI Economics: Why we’re appealing the Epic Games verdict

    Source: Google

    Today, the court overseeing our ongoing U.S. legal proceedings with Epic Games ordered changes to Android and Google Play, requested by Epic. As we have already stated, these changes would put consumers’ privacy and security at risk, make it harder for developers to promote their apps, and reduce competition on devices. Ultimately, while these changes presumably satisfy Epic, they will cause a range of unintended consequences that will harm American consumers, developers and device makers.

    These Epic-requested changes stem from a decision that is completely contrary to another court’s rejection of similar claims Epic made against Apple — even though, unlike iOS, Android is an open platform that has always allowed for choice and flexibility like multiple app stores and sideloading.

    We are appealing that underlying decision and we will ask the courts to pause Epic’s requested changes, pending that appeal. Our appeal will show that:

    • Apple and Google compete directly for consumers: The decision rests on a flawed finding that Android is a market in itself. In contrast, the Apple decision, upheld on appeal, rightly found that Android and iOS compete in the same market. This is obvious to anyone who has bought a smartphone. Walk into a store that sells smartphones and you’ll see the options side-by-side — Android phones from companies like Samsung, Motorola and many others competing right next to Apple’s iPhone. People choose between these phones based on price, quality and security.
    • Google and Apple compete directly for app developers: The decision ignores what every developer in the world knows — they have to prioritize investing in developing for iPhones and Androids. Developers have finite resources and have to decide how much time and money to devote to building and updating their apps for each platform. Like any business, Google wants developers to offer their best features for Android and to release them on Android first. So we build tools, run training programs and invest in making it as easy as possible to develop for Android. Apple of course does the same — competing to convince developers to prioritize iOS.
    • Android is open and Google Play is not the only way to get apps: The decision fails to take into account that Android is an open platform and developers have always had many options in how to distribute their apps. In fact, most Android devices come preloaded with two or more app stores right out of the box. Developers have other options too, such as offering their apps directly to users from their websites. For example, Epic Games has made its popular Fortnite app available to Android users through the Samsung Galaxy Store, sideloading, and the Epic Games Store – all while Fortnite was not distributed through Google Play. These are options that developers have never been able to offer to their American users on iPhones.

    Android has helped expand choice, reduce prices and democratize access to smartphones and apps. The initial decision and today’s Epic-requested changes put that at risk and undercut Android’s ability to compete with Apple’s iOS.

    We look forward to continuing to make our case on appeal, and we will keep advocating for what is best for developers, device manufacturers and the billions of Android users around the world.

    MIL OSI Economics

  • MIL-OSI: Dundee Corporation Completes Sale of 8,000 Shares of TauRx Pharmaceuticals Ltd. for Proceeds of US$1 Million

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) — Dundee Corporation (TSX: DC.A) (the “Company” or “Dundee”) announces that further to the news release disseminated on September 26, 2024, it has now received the requisite board approval from TauRX Pharmaceuticals Ltd. (“TauRx”) for the sale of 8,000 shares to a private investor at a price of US$125 per share for proceeds to the Company of US$1,000,000. The transaction has now been completed. Dundee continues to hold 1,007,008 shares of TauRx.

    ABOUT DUNDEE CORPORATION

    Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol “DC.A”. Through its operating subsidiaries, Dundee Corporation is an active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector with more than 30 years of experience making accretive mining investments.

    FORWARD-LOOKING STATEMENTS:

    This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Dundee Corporation’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dundee Corporation’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the Annual Information Form of Dundee Corporation and subsequent filings made with securities commissions in Canada. Dundee Corporation does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

    FOR FURTHER INFORMATION PLEASE CONTACT:

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

    The MIL Network

  • MIL-OSI: Kneat Files Final Short Form Prospectus in Connection with Bought Deal Equity Financing and Obtains Receipt of Final Prospectus

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to United States newswire services or for dissemination in the United States

    TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) — kneat.com, inc. (TSX:KSI) (“Kneat” or the “Company”) announced today that, in connection with its previously announced “bought deal” equity financing, it has filed a final short form prospectus dated October 7, 2024 (the “Final Prospectus”) with the securities commissions or other similar regulatory authorities in each of the provinces of Canada, except Québec, and has obtained a receipt therefor.

    The Final Prospectus qualifies the distribution of 7,368,500 common shares of the Company (the “Common Shares”) at a price of $4.75 per Common Share (the “Offering Price”) and up to an additional 1,052,600 Common Shares at the Offering Price issuable upon the exercise of an underwriters’ over-allotment option, the particulars of which are described in the Final Prospectus (the “Offering”). Closing is expected to occur on or about October 10, 2024, and is subject to customary closing conditions, including applicable regulatory approvals.

    The Company intends to use the net proceeds of the Offering for strategic initiatives in the areas of product development, partnerships and go to market, to strengthen its balance sheet and to provide options in relation to debt management.

    Access to the Final Prospectus and any amendment is provided in accordance with securities legislation relating to procedures for providing access to a short form prospectus and any amendment. The Final Prospectus is accessible on SEDAR+ at http://www.sedarplus.ca. An electronic or paper copy of the Final Prospectus and any amendment may be obtained, without charge, from Cormark Securities Inc. by phone at (416) 362-7485 or email at ecm@cormark.com, by providing the contact with an e-mail address or address, as applicable. Prospective investors should read the Final Prospectus in its entirety before making an investment decision.

    The securities offered pursuant to the Offering have not and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.

    About Kneat

    Kneat Solutions provides leading companies in highly regulated industries with unparalleled efficiency in validation and compliance through its digital validation platform Kneat Gx. We lead the industry in customer satisfaction with an unblemished record for implementation, powered by our user-friendly design, expert support, and on-demand training academy. Kneat Gx is an industry-leading digital validation platform that enables highly regulated companies to manage any validation discipline from end-to-end. Kneat Gx is fully ISO 9001 and ISO 27001 certified, fully validated, and 21 CFR Part 11/Annex 11 compliant. Multiple independent customer studies show a 40% or more reduction in validation cycle times, nearly 20% faster speed to market, and 80% reduced changeover time. For more information visit http://www.kneat.com.

    Cautionary and Forward-Looking Statements

    Except for the statements of historical fact contained herein, certain information presented herein constitutes “forward-looking information” within the meaning of applicable Canadian securities laws. Such forward-looking information includes, but is not limited to, information relating to the proposed Offering and the use of proceeds. While such forward-looking statements are expressed by Kneat, as stated in this release, in good faith and believed by Kneat to have a reasonable basis, they are subject to important risks and uncertainties. As a result of these risks and uncertainties, the events predicted in these forward-looking statements may differ materially from actual results or events. These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties. Kneat does not undertake any obligation to release publicly revisions to any forward-looking statement, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at an investors’ own risk.

    Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

    For further information:

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

    CO: kneat.com, inc.

    The MIL Network