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Category: Business

  • MIL-OSI Global: Who represents Britain on screen? UK film and TV culture still has a worrying class problem

    Source: The Conversation – UK – By Nick Lee, Senior Lecturer in Film History and Critical Theory, Royal Holloway University of London

    The British media has a class problem, according to recent research by The Sutton Trust. In short, the privately educated are over-represented in the creative industries, especially in film and television. The trust’s report, A Class Act (2024), demonstrates that this area of British culture is disproportionately produced by the most privileged segment of the population.

    The Great British Class Survey (2011) indicated that the “top” 6% of the population has privileged access to three types of capital – economic, social and cultural. Its children are more likely to go to fee-paying schools and Oxbridge.

    The Sutton Trust report informs us that, “school attendance is a useful proxy measure for the socio-economic circumstances someone grew up in, with private school attendance in particular strongly related to family income”. Accordingly, the 7% of the UK population which attends private schools roughly correlates with the “elite” 6% identified in the Great British Class Survey.


    This article is part of our State of the Arts series. These articles tackle the challenges of the arts and heritage industry – and celebrate the wins too.


    This “elite” is the group over-represented in the British media. According to media watchdog Ofcom, in 2019 only 52% of the workforce in the British television industry had gone to non-selective state schools – attended by 88% of the British population – and the privately educated accounted for 14%. A further 22% went to selective schools and 10% went to overseas schools.

    The privately educated proportion rises to 38% when we look at the wealthiest individuals in film, television and music. The Guardian also reported recently that nearly half of all UK arts and media award nominees are privately educated.

    These statistics make clear the extent to which the top class of British society is able to monopolise opportunities when it comes to jobs in the British media.

    When we look at actors, this problem is especially pronounced. Of the all-time top-ten grossing British actors, 50% are privately educated, with Idris Elba the only working-class, state-educated actor in the top five.

    For actresses, the problem is even more pronounced. In a recent snapshot of Ranker’s top 20 British actresses working today, 80% are privately educated or aristocratic, and all of them are white. Only Keira Knightley and Jodie Comer are state educated (and neither attended drama school).

    Obviously, this is a problem in terms of social mobility, but also in terms of British culture more broadly. It begs the question: who represents Britain to a domestic audience, but also on the international stage? If we look at two major British hits from the last 25 years, again we see that attendees of private schools and Oxbridge are over-represented.

    In 1999, Notting Hill was the highest-grossing British film of all time. Its star (Hugh Grant), writer (Richard Curtis), director (Roger Michell) and producer (Duncan Kenworthy) were all privately educated, and all attended Oxbridge. Of the main cast, only Gina McKee and Rhys Ifans were state educated and non-Oxbridge; both have regional accents. McKee’s character has a condition that confines her to a wheelchair, and Ifan’s character is barely civilised.

    Paddington (2014-2025), the hugely successful British film franchise displays similar tendencies. Of the central recurring cast, only Paddington, the uncivilised foundling bear, is played by state-educated Ben Whishaw.

    The rest of the Brown family, residing in a fantastical pseudo middle-class Primrose Hill, are all played by privately educated actors. State-educated Julie Walters plays housekeeper Mrs Bird with a strong Scottish accent. And as with the UK’s most successful film franchise, Harry Potter (which similarly has a handful of state-educated actors), the privately educated David Heyman produces.

    The British “middle-class” shown in these films is actually drawn from the most affluent segment of British society. Yet these actors are able to unproblematically “play down” in terms of class and upbringing. Ewan McGregor, who went to the private Morrison’s Academy, became famous playing a heroin addict in Trainspotting.

    This contrasts sharply with the paucity of working-class or middle-class actors who “play-up”: Kenneth Branagh is one notable example, having achieved it through an association with Shakespeare — the zenith of British dramatic art. Branagh’s Belfast – an account of his own upbringing – is remarkable in its stark contrast to the work by which he made his name.

    My own research on the working-class author and broadcaster Archie Hill has shown how class also dictates which contributions to British culture are preserved, and how a narrow establishment determines this. Even when working-class people make significant cultural contributions, they are more likely to be overlooked in posterity.

    Working-class actors used to be encouraged and celebrated, as the careers of Tom Courtenay, Richard Burton, Michael Caine, Albert Finney, Rita Tushingham, Eileen Atkins and Imelda Staunton demonstrate. The Atlee government’s post-war settlement in Britain concentrated resources on working-class communities and emphasised social mobility, allowing young working-class people to thrive and access cultural resources previously reserved for a wealthy elite.

    The “angry young men” of kitchen sink realism and the rise of roles for working-class actors have to be seen in this context. However, as the consensus of the post-war settlement declined from the late 1970s, so did numbers of working-class actors on our screens. As Julie Walters lamented in 2015: “People like me wouldn’t get a chance today”.

    As social inequality in Britain deepens, the problem gets worse: since the 1970s the proportion of working-class actors, musicians and writers has halved. Social media has enabled a new “nepo-baby” aristocracy to emerge – the children of celebrities now becoming celebrities simply by virtue of their birth.

    Why does this matter? Because the narrowness of this field is bad news for diversity. We need greater breadth and depth when it comes to British culture and those who produce it.

    Michaela Coel and Stephen Graham – as recent successes I May Destroy You and Adolescence have shown – are two considerable forces in this respect, but more needs to be done if this structural imbalance is to be corrected.

    Sadly, British film and television frequently offers us a misrepresentative and inverted Britain, one where the majority has been marginalised, and the elite masquerade as the class norm. No wonder so many Americans think Hugh Grant is a “typical Brit”.

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

    – ref. Who represents Britain on screen? UK film and TV culture still has a worrying class problem – https://theconversation.com/who-represents-britain-on-screen-uk-film-and-tv-culture-still-has-a-worrying-class-problem-255741

    MIL OSI – Global Reports –

    June 21, 2025
  • MIL-OSI Global: Why Elon Musk’s US$34 billion loss wasn’t really that – and what it tells us about the philanthropy of the ultra-wealthy

    Source: The Conversation – UK – By Tobias Jung, Professor of Management, University of St Andrews

    Photo Agency/Shutterstock

    Following a sharp drop in Tesla’s share price, outlets reported that the world’s richest person, Elon Musk, had “lost” US$34 billion (£25 billion) in a single day. That figure exceeds the annual GDP of countries like Iceland, Jamaica or Mauritius. Gaining or losing even 0.001% of that wealth would be life-changing for most people.

    But, this “loss” is entirely nominal. A decline in share prices means Musk is technically worth less. If prices rebound, so does his net worth.

    While such volatility can devastate smaller investors reliant on their portfolios, it is a recurring feature of ultra-wealth. Consider the US$100 billion decline in Meta CEO Mark Zuckerberg’s fortune during his Metaverse pivot, or the US$18 billion drop Microsoft founder Bill Gates experienced during the 2008 financial crisis.

    These share price shifts may reduce billionaires’ net worth on paper, but they rarely affect their lifestyle. Where they do matter however is in philanthropy. Here, timing is everything. The higher the share price at the point of donation, the greater the tax benefit, and the more reputational capital to be locked in.

    This raises deeper questions about how philanthropic incentives are structured, and who ultimately benefits.


    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.


    Although philanthropy is often associated with generosity, legacy or moral responsibility, these are only part of the picture. This is particularly true when it comes to major giving by the ultra-wealthy.

    Instead, from a wealth advisory perspective, one of the most strategically valuable (yet less publicly discussed) motivations is tax management. And, while many assume that philanthropy means donating money, tax systems often encourage the donation of appreciated assets, particularly shares, instead.

    As a worked example by the Bank of America illustrates, a US$50,000 donation in appreciated stock might easily present a tax benefit of almost US$10,000 over and above the tax benefits of donating the same amount in cash.

    Why is that? First of all, there is the potential of a tax deduction equal to the fair market value at the point of donation. The value of the asset at the point of donation is important for your tax deduction, not what you actually paid for it or whether its value is going to plunge in future.

    On top of that, there are opportunities to reduce other taxes too. This includes capital gains or inheritance taxes, the latter illustrated in the establishment of one of the world’s largest foundations, the Ford Foundation and its use as a vehicle to manage both inheritance tax and maintain corporate control.

    But the benefits of donating shares and other appreciated assets are not just financial. For high-profile donors, philanthropy also serves as a powerful tool for shaping public perceptions, projecting images of civic virtue, moral leadership, and social responsibility. It allows them to convert one form of capital, such as financial wealth, into others – social status, cultural influence or symbolic legitimacy.

    Converting capital into cultural influence: Carnegie Hall in New York was funded by industrialist Andrew Carnegie.
    Victoria Lipov/Shutterstock

    Volatile, appreciated and often bound-up assets can be unlocked and transformed into something far more enduring – a philanthropic legacy. Even if share prices plunge after the donation, the donor has already secured both a substantial tax benefit and a lasting philanthropic image.

    Tax management is a longstanding concern in philanthropy, particularly in relation to philanthropic foundations. But it really is donor advised funds (DAFs) that now warrant closer scrutiny as the real “warehouses of wealth”. Constituting one of the fastest-growing vehicles for philanthropy, DAFs act as “giving accounts”. They allow donors to claim charitable contributions and receive immediate tax deductions but without actually making an immediate charitable contribution to society.

    While donors technically give up ownership of these assets, they retain advisory privileges over whether and when resources are granted, to whom, and in what amounts. DAFs have no legal requirement to disburse funds within a specific timeframe. That means that any charitable spending can be delayed, potentially indefinitely, despite the upfront public subsidy via tax relief.

    Time for reform?

    All of these issues raise serious questions as to whether philanthropic architecture is ripe for reform. When donors can receive substantial tax and social benefits by donating volatile assets, regardless of whether or when they benefit the public, it seems that both society and the philanthropy field are shortchanged.

    First, significant resources are diverted from the public purse into privately controlled channels, often with limited oversight. Second, charitable giving is decoupled from charitable action or impact. Third, influence is consolidated – decisions about how public-subsidised funds are used are made not through democratic processes, but through private choice.

    The most corrosive effect, however, may be on philanthropy itself. As financial incentives and personal benefits are recast and presented as altruistic, the perception, purposes and potential of philanthropy for the public good risk being eroded and replaced by cynicism.

    This brings us back to Musk’s US$34 billion “loss”. While headlines framed it as a dramatic reversal of fortune, the real story lies not in the number but in the system behind it. For those whose wealth is held in stock, market volatility presents a tool for tax planning, image-making, strategic giving and long-term influence. What looks like loss may in fact be leverage.

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

    – ref. Why Elon Musk’s US$34 billion loss wasn’t really that – and what it tells us about the philanthropy of the ultra-wealthy – https://theconversation.com/why-elon-musks-us-34-billion-loss-wasnt-really-that-and-what-it-tells-us-about-the-philanthropy-of-the-ultra-wealthy-259176

    MIL OSI – Global Reports –

    June 21, 2025
  • MIL-OSI USA: General Manager Pleads Guilty to Practice of Hiring Aliens

    Source: United States Small Business Administration

    Click Here to Sign Up for SBA OIG Email Updates on Recent Investigative Cases, Audit Oversight Reports, and General News

    Click Here to View the Original U.S. Department of Justice (DOJ) Press Release


    John Washburn, general manager of San Diego Powder & Protective Coatings in El Cajon, pleaded guilty in federal court today to engaging in a pattern or practice of hiring undocumented immigrants without authorization to work.

    As part of the plea agreement, Washburn admitted that he knew at least 10 workers were undocumented immigrants at the company, and that three were living in a company warehouse where U.S. Navy submarine components were being stored. These charges stemmed from a search warrant that was served by federal agents at the company’s warehouses in March of this year.

    Washburn was immediately sentenced by U.S. Magistrate Judge Barbara L. Major to one year probation and 50 hours of community service.

    According to the plea agreement, Washburn admitted he had communicated with other managers at San Diego Powder & Protective Coating about certain employees who had “issues” with their paperwork or “bad paperwork,” meaning some employees lacked valid documents showing they had legal authorization to work in the U.S.

    In or around 2024, the defendant communicated with company officials regarding assigning employees with “good paperwork” to work at the military base because those employees would be subjected to additional screening prior to entering restricted areas on the base.

    Homeland Security Investigations San Diego is investigating these cases with assistance from the Department of Homeland Security Office of Inspector General; GSA – Office of Inspector General; United States Border Patrol; Customs and Border Protection, ERO; NCIS; SBA – Office of Inspector General; Drug Enforcement Administration San Diego Field Division, and the Bureau of Alcohol Tobacco Firearms and Explosives.   

    These cases are being prosecuted by Assistant U.S. Attorneys Henry F.B. Beshar and Michael A. Deshong.

    DEFENDANT                                                         Case Number 25mj1458-BLM

    John Washburn                                                         Age: 57           

    SUMMARY OF CHARGES

    Engaging in a Pattern or Practice of Employing Aliens, in violation of Title 8 U.S.C. § 1324a(a)(1)(A) and (f); Maximum Penalty: Six months in prison; $3,000 fine per alien.

    INVESTIGATING AGENCIES

    Homeland Security Investigations

    Naval Criminal Investigative Service

    U.S. Department of Homeland Security, Office of Inspector General

    General Services Administration, Office of Inspector General

    Small Business Administration, Office of Inspector General

    Enforcement and Removal Operations

    Drug Enforcement Administration

    Bureau Alcohol, Tobacco Firearms and Explosives

    U.S. Border Patrol

    U.S. Customs and Border Protection

    This investigation is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    MIL OSI USA News –

    June 21, 2025
  • MIL-OSI USA: Riverside County Woman Sentenced to 7 Years in Prison for Running $1.7 Million COVID-19 Benefits Fraud She Advertised on Instagram

    Source: United States Small Business Administration

    Click Here to Sign Up for SBA OIG Email Updates on Recent Investigative Cases, Audit Oversight Reports, and General News

    Click Here to View the Original U.S. Department of Justice (DOJ) Press Release


    An Inland Empire woman was sentenced today to 84 months in federal prison for fraudulently obtaining $1.7 million in COVID-19 pandemic-related jobless benefits, federally-guaranteed small business loans, California Small Business COVID-19 relief grants, and Los Angeles County economic opportunity grants.

    Jasmine Unique Mallard-McCarter, 30, a.k.a. “JassyMC,” of Eastvale, was sentenced by United States District Judge Maame Ewusi-Mensah Frimpong, who also ordered her to pay $1,765,407 in restitution.

    McCarter pleaded guilty on February 28 to one count of conspiracy to commit wire fraud.

    McCarter impersonated others to apply online for government benefits that she used for herself. McCarter also used the personal identifying information provided by her co-conspirators to apply for government benefits on their behalf, knowing those co-conspirators were not eligible for those benefits.

    McCarter charged fees to instruct others how to apply for government benefits for which they were not eligible without getting caught. Also, for a fee, McCarter served as a broker for counterfeit documents, such as Social Security cards, driver’s licenses, IRS Forms 1040, W-2s, bank statements, education degrees and transcripts, pay stubs, and doctors’ notes for handicapped placards. In some instances, the McCarter and her co-conspirators used the counterfeit documents to trick the government into paying unjustified benefits.

    McCarter advertised her fraud services on Instragram, using handles “JassyMc” and “EliteRealEstateandBusiness.” McCarter referred to herself as the “Jass of All Trades” in social media posts, because she could file fraudulent unemployment insurance applications, file grant applications, and broker counterfeit documents and identification in return for a fee.

    According to McCarter’s Instagram posts, she charged a fee for introducing customers to her connection at the California Department of Motor Vehicles, who could help bypass requirements for smog checks, insurance, and registration.

    The U.S. Department of Labor – Office of Inspector General, Employee Development Department Investigations Division, U.S. Small Business Administration – Office of Inspector General, U.S. Department of Homeland Security – Office of Inspector General, FBI, Homeland Security Investigations, and United States Secret Service investigated this matter.

    Assistant United States Attorney Andrew Brown of the Major Frauds Section prosecuted this case.

    On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. The Task Force bolster efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by, among other methods, augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts. For more information on the department’s response to the pandemic, please visit https://www.justice.gov/coronavirus.

    On September 15, 2022, the Attorney General selected the U.S. Attorney’s Offices for the Central and Eastern Districts of California to jointly head one of the three national COVID-19 Fraud Strike Force Teams. The Department of Justice established the Strike Force to enhance existing efforts to combat and prevent COVID-19 related financial fraud. The Strike Force combines law enforcement and prosecutorial resources and focuses on large-scale, multistate pandemic relief fraud perpetrated by criminal organizations and transnational actors, as well as those who committed instances of pandemic relief fraud. The Strike Force uses prosecutor-led and data analyst-driven teams to identify and bring to justice those who stole pandemic relief funds. Additional information regarding the Strike Force may be found at https://www.justice.gov/opa/pr/justice-department-announces-covid-19-fraud-strike-force-teams.

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

    MIL OSI USA News –

    June 21, 2025
  • MIL-OSI USA: Impact of the ‘Big Ugly Bill’ on Food Security

    Source: US State of New York

    overnor Kathy Hochul today sounded the alarm on how the Republican budget reconciliation bill will affect the nation’s largest food assistance program, the Supplemental Nutrition Assistance Program (SNAP), undermining a program that millions of New Yorkers rely on to put food on the table every single day. Estimates indicate the reconciliation bill would shift exorbitant costs to states across the country, including New York, where up to an additional $2.1 billion annually would be forced on State and local county governments.

    “Every New Yorker deserves to eat every day – plain and simple.” Governor Hochul said. “I’m calling on our congressional leaders to join me and step up to the plate to protect the SNAP funding that families with children, seniors, New Yorkers with disabilities, local farmers, and shop owners rely on to survive.”

    The Supplemental Nutrition Assistance Program (SNAP) is a federally funded program overseen by the Office of Temporary and Disability Assistance and administered by local departments of social services. In New York, SNAP helps over 1.7 million households and 2.9 million recipients – most of whom are children, older adults or disabled – afford the cost of purchasing healthy, nutritious food. SNAP benefits are already relatively modest, with an average benefit of $7 per day, but this support is a vital lifeline for households. Over 14 percent of New York’s population, or 1 out of every 7 New Yorkers, relies on SNAP. As a result, SNAP is New York’s most effective tool in combating hunger and food insecurity, which are core priorities of Governor Hochul’s administration.

    In addition to supporting individuals and families and fighting hunger, SNAP also provides vital support to local economies. The U.S. Department of Agriculture’s (USDA) own research has shown that investments in SNAP have significant multiplier effects, with every SNAP dollar generating $1.54 in economic activity as recipients spend their benefits in communities, including at grocery stores, farmers markets, small businesses, and more. A total of approximately $7.8 billion in SNAP benefits are issued annually in New York, which means $12 billion in economic activity is generated annually across the state, in urban, suburban, and rural areas alike.

    New York State Office of Temporary and Disability Assistance Commissioner, and Child Poverty Reduction Advisory Council (CPRAC) Co-Chair Barbara C. Guinn said, “The cuts and policy changes proposed by Congress to SNAP would weaken the program and make it harder for low-income families in New York to afford groceries, worsening food insecurity and economic hardship in communities across our state. These proposals pose a grave threat to an effective and efficient program, which research consistently and clearly shows reduces hunger, supports work, and stimulates the economy – goals with national importance that justify continued federal investment. We encourage congressional leaders to act responsibly and not walk away from what has long been a federal commitment to fully funding SNAP benefits for all who are eligible.

    New York State Office of Children and Family Services Commissioner, and CPRAC Member Dr. DaMia Harris-Madden said, “The Supplemental Nutrition Assistance Program is one of the most powerful tools we have to address chronic hunger across New York State, where more than one in seven New Yorkers is facing food insecurity. The proposed federal cuts to this program are unfathomable – that children and families will lack basic needs such as food will have catastrophic implications. Governor Hochul has championed the overall health, well being and economic security through multiple investments; yet, she cannot do this alone. We implore our Congressional leaders to oppose these cuts and preserve the funding that is vital to enabling the most vulnerable members of our community to keep food on the table.”

    By The Numbers: Shifting Exorbitant Costs onto States and Local Governments

    The proposals in the Republican reconciliation bill, supported by all of New York’s Republican Congressional delegation, threaten an effective and efficient program, which research consistently and clearly shows reduces hunger, supports work and stimulates the economy, by imposing exorbitant, unsustainable costs on states:

    • The federal government has always funded 100 percent of SNAP benefits. For the first time in the history of the program, under the GOP bill, the federal government is walking away from that commitment by shifting significant portions of the cost onto states, forcing difficult state budgetary decisions. For New York State, Republicans would shift between 15 percent and 25 percent of the benefit cost, totaling up to $1.9 billion annually in additional costs for the State and local governments.
    • The federal government and states have historically evenly split the administrative costs of the program. For the first time in the history of the program, under the GOP’s reconciliation bill, the federal government would require states to contribute significantly more for administrative costs, increasing the state share to 75 percent. For New York State, more than $200 million in additional administrative costs would be shifted annually on to the State and local governments.
    • The GOP bill also eliminates funding for SNAP education programs that teach recipients how to get the greatest fiscal and nutritional value from their SNAP benefits. This would strip roughly $29 million from New York State and our SNAP recipients.
    • In total, the SNAP-related cost shifts put forward by the GOP will cost New York State and local county governments up to $2.1 billion a year, which cannot be absorbed at the state or local level and would cause significant state and local budgetary impacts.

    By The Numbers: Changes to SNAP Work Requirements:

    Beyond the proposed cost shifts, Republicans also target SNAP recipients by significantly expanding the populations who are subject to overly punitive and administratively complex work reporting requirements without any additional support to those recipients:

    • Certain recipients would be required to prove that they work 80 hours per month, with limited qualifying work options and regardless of other factors such as economic conditions. Recipients who are unable to meet this requirement after three months, regardless of the circumstances or reasons why, would then be cut off and prohibited from receiving SNAP for three years.
    • Republicans would extend these reporting requirements, harsher time limits, and related prohibitions to more groups, including to families with children as young as seven and to individuals as old as 64. The bill provides no additional funding to support states in assisting these new populations to connect to jobs or training or to provide necessary supportive services such as child care and transportation.
    • State flexibility to administer the program would be severely curtailed by limiting states’ ability to request waivers for areas with high unemployment, where residents may be having difficulty finding work due to broader economic factors
    • These requirements create barriers for people with unstable jobs, caregiving responsibilities, or health conditions. Enforcing these rules adds complexity, increases the risk of errors, and takes needed resources that would be better used to support beneficiaries and administer the program. In fact, research published on the USDA’s own website shows that increased work requirements reduced SNAP enrollment for those subject to the time limit and found no evidence that they increase employment or annual earnings.

    It is estimated that over 300,000 households, including families with children, seniors, youth aging out of foster care, people experiencing homelessness, people with disabilities, and veterans would be impacted by these changes, losing all or a portion of their SNAP benefits, resulting in a loss of hundreds of millions of dollars in SNAP benefits for some of our most vulnerable New Yorkers on an annual basis.

    By The Numbers: Impact on New York Farmers and Retailers:

    Beyond worsening food insecurity and malnutrition, cuts to the program would hurt local businesses and weaken SNAP’s ability to boost local economies in every state. Slashing families’ grocery budgets would reduce revenue for thousands of businesses in every state, with ripple effects throughout the food supply chain.

    • Cascading impact leading to job losses, small business closures, and lost revenue for businesses across the state of all shapes and sizes, from independent grocers to chain retailers
    • Lost sales and matching dollars having critical impact on over 18,000 retailers that accept SNAP in New York State and local economies. This includes grocery stores, local shops, and hundreds of SNAP-authorized local farmers, farmers’ markets, and farm stands that can be found in every county in New York selling New York agricultural products to the people in their local community. SNAP sales in the farming community have dramatically increased since 2019, providing New York consumers access to healthy, farm fresh foods and providing our farm communities additional economic development dollars. As the State matches SNAP dollars spent at farm markets through the Fresh2You FreshConnect program, the hit to farms of decreased SNAP funding is doubled.

    Combating Food Insecurity in New York State

    Governor Hochul has prioritized increasing access to food for all New Yorkers, supporting several groundbreaking programs that focus on improving access to locally grown foods including through SFY 2026 Budget, including the 30 Percent NYS Initiative for school meals, the Farm-to School program, the Farmers’ Market Nutrition Programs, the Urban Farms and Community Gardens Grants Programs, and the Nourish NY program, which helps New York’s network of emergency food providers purchase food from New York farmers to give to families in need.

    This year’s Budget also provides $340 million for school meals, a $160 million (89 percent) year-to-year increase, and requires all school districts, charter schools, and nonpublic schools that participate in the national school lunch and breakfast program to provide free breakfast and lunch meals to all students regardless of their families’ income, thereby reducing costs for families and ensuring that no student goes hungry at school. Additionally, the Budget included the third round of funding as part of the Regional School Food Infrastructure Grant Program, which provides $50 million over five years to support regional cooking facilities that will facilitate the use of fresh New York State farm products in meal preparation for K-12 school children.

    Senator Charles Schumer said, “The Republican ‘Big Ugly Bill’ will be the largest and cruelest cuts to food assistance in American history – all to pay for tax cuts to billionaires and corporations. If this Congressional Republican plan goes through, it would deal New York State a $2 billion blow, taking food from hungry kids and seniors. Local governments would carry the burden in a way they’ve never had to before, forced to make impossible decisions about who gets to keep their food benefits and who will be forced to go hungry. The GOP must step up and protect over 300,000 New York families and seniors in danger of losing their food benefits instead of pushing through tax cuts for the rich and powerful special interests.”

    Representative Jerry Nadler said, “The Republican reconciliation bill is a direct attack on food security in New York. It would gut billions from SNAP and other essential lifelines, forcing states to either absorb the cost or leave families without the support they need. In my district alone, one in seven households relies on SNAP to put food on the table. Under this bill, the average benefit would fall to less than five dollars a day. No one can feed themselves with dignity on that. These cuts are not only cruel and shortsighted, they are economically reckless. When families have less to spend on food, the entire community feels the impact. From neighborhood bodegas to upstate farmers, over 18,000 New York retailers could face lost sales, job cuts, or closures. SNAP dollars support small businesses, strengthen local economies, and enable people to purchase fresh, healthy food in their communities. I am fighting to stop this bill from becoming law because in the United States of America, no one should ever go hungry, especially so that billionaires can receive another tax break.”

    Representative Adriano Espaillat said, “For nearly a century, America has extended a lifeline to its most vulnerable families to ensure no child goes hungry, no matter their race, religion, or economic background. Today, however, Republicans are seeking to break that sacred agreement by cutting food stamps and other benefits that nearly 300,000 families in my district and more than 1.6 million across New York rely on. Families receive SNAP assistance because they need it, not because they want it. Those who pretend otherwise threaten to bankrupt state and local governments, upend vulnerable communities, and set back the generations of progress we have made to strengthen food security around our nation.”

    Representative Nydia M. Velázquez said, “The Republicans’ Big Ugly Bill is a direct attack on the most vulnerable New Yorkers, including working families, children, people with disabilities, and seniors who rely on SNAP to put food on the table. This bill guts a program that nearly 3 million New Yorkers depend on and that drives billions in local economic activity, all to fund tax breaks for billionaires. It is a disaster for our state, and I will keep fighting to make sure it never becomes law.”

    Representative Paul Tonko said, “The GOP’s ‘big ugly bill’ is an outrageous assault on the most vulnerable in our communities. By slashing critical food assistance programs like SNAP, this legislation would rip away earned benefits from families, children, and seniors — leaving millions of Americans to go hungry while billionaires enjoy trillions in tax breaks. These cuts will not only deepen poverty and hardship across our state and our nation, they’ll also shift crushing costs onto state and local governments, forcing states and municipalities to choose between drastic tax hikes or devastating service cuts. In the coming weeks, I’ll be working tirelessly to defeat this cruel, backward agenda and protect the programs that keep our communities healthy and strong.”

    Representative Joe Morelle said, “President Trump’s plan to cut funding for essential programs like SNAP would leave millions of working families struggling to put food on the table. I’m proud to support legislation that protects SNAP and Medicaid and keeps these lifeline programs fully funded. While Congressional Republicans continue to back the President’s cruel and chaotic agenda, I’ll keep fighting to protect working families and the services they count on because no child should ever have to wonder where their next meal is coming from.”

    Representative Tom Suozzi said, “Every individual deserves access to a meal every day. This is not just a privilege; it is a fundamental necessity that must be recognized and advocated for to ensure the dignity and well-being of all. If federal cuts to SNAP are enacted, it will lead to a preventable crisis and constitute the most significant reduction in food assistance in history. Americans young and old will go hungry. Simply put, SNAP benefits help put food on the table for our most vulnerable communities.”

    Representative Pat Ryan said, “Hardworking Hudson Valley families are feeling the pressure to make ends meet – the last thing folks need is to have food literally taken off of their plates. In my district alone, more than 74,000 people – including children, seniors, and veterans – rely on SNAP for consistent access to nutritious foods. It is unconscionable and cruel for this administration to rip that away. I’m going to keep fighting with everything I’ve got to stop these cuts – the lives of my constituents depend on it.”

    Representative George Latimer said, “The reckless Republican reconciliation bill, which lays out hundreds of billions of dollars in cuts to SNAP, is unacceptable. I voted against these cuts each time that they came to the House floor because of the devastating impact they would have on vulnerable New Yorkers who rely on SNAP for their survival. In NY-16, covering parts of Westchester and the Bronx, we have 74,000 people who depend on SNAP. While the GOP focuses on securing tax cuts for the wealthy at the expense of struggling Americans, my Democratic colleagues and I will continue to stand in opposition to these actions and do everything we can to address food insecurity for the millions of Americans who count on SNAP benefits to put food on the table, as every American deserves to be able to do.”

    Representative Timothy M. Kennedy said, “In communities across Western New York, we continue to see an increased need for food assistance as families struggle to make ends meet and inflation raises grocery prices. Food is a basic human right, and we have the tools to eradicate hunger in America. The absolute last thing we should be doing to families that are teetering on the edge is to rip the rug out from under them by cutting SNAP benefits. The Republican reconciliation bill is an affront to working families and must be rejected.”

    Representative John W. Mannion said, “I voted against this bill because it’s cruel and immoral to take food assistance away from children, seniors, and veterans. In NY-22, over 50,000 households rely on SNAP—and food insecurity is higher today than it was during the pandemic. This bill threatens our families, burdens our local governments, and pulls support from the people who need it most. I’ll continue to reject these devastating cuts and advocate for the better path forward – a five-year farm bill that supports farmers and everyone who depends on American agriculture.”

    Representative Josh Riley said, “I grew up believing every kid deserves a full belly and a fair shot — that’s not negotiable. This bill would rip food away from families in need and gut the small-town stores and farms that feed our communities. I’ll fight it with everything I’ve got, because nobody in Upstate New York should ever go hungry while billionaires get another tax break.”

    Acting Co-Chair of CPRAC Peter Hatch said, “SNAP helps feed our families, fund our grocery stores, and support our farmers, with decades of research showing how it improves children’s long-term health, reduces poverty, and boosts local economies as recipients spend their benefits. The Republican budget bill would increase hunger and poverty among children, reduce economic activity in communities, and force immense costs onto states and counties that we cannot afford, just as New York is making progress reducing child poverty. On behalf of New York’s CPRAC, we strongly oppose any action that would take SNAP away from the millions of children across the country who rely on it, and urge the Senate to protect this essential program, so that children can continue to receive the sustenance they need to thrive.”

    New York State Council on Children and Families Executive Director, and CPRAC Member Vanessa Threatte said, “When children and families experience hunger, it has severe and sweeping negative consequences on their physical and mental health, cognitive development, academic outcomes, family functioning, and overall well-being. By recognizing the intersectionality of food insecurity, and ensuring continued access to critical food programs, such as SNAP, all New York children and families can live their healthiest lives and communities can thrive.”

    Robin Hood CEO and CPRAC Member Rich Buery said, “Cutting SNAP is not just a moral failure—it’s an economic disaster that would set us back in the fight against child poverty. The data is clear: for every dollar we take away from families trying to put food on the table, we lose up to twenty dollars in future health, education, and economic productivity nationwide, according to an analysis by Columbia University. These cuts would harm our children, burden our healthcare and legal systems, and stall the progress we’ve made. We’ve come too far to pull the rug out from under children and families of New York State. Their well-being is the foundation of our shared future.”

    United Way of New York City President and CEO, and CPRAC Member Grace Bonilla said, “Funding for SNAP is a critical part of how New Yorkers maintain dignified access to nutritious food. We know from United Way of New York City’s True Cost of Living Report that 50 percent of working-age people in New York City are struggling to cover their basic needs—including food. SNAP represents the promise that despite having wages that do not keep up with the cost of living, our country cares and invests in our seniors, our children, and all vulnerable Americans so that they should not have to go hungry in the richest country in the world. The reconciliation bill is a dagger on that promise and on the precarious budgets of our most vulnerable and the budgets of cities and states across the country. It is the responsibility of every congressional leader to do what is in the best interest of the people they serve — safeguard funding for SNAP.”

    Regional Economic Development Council Mohawk Valley Executive Director and CPRAC Member Shelly Callahan said, “SNAP is not just a lifeline — it’s a foundation for long-term stability, public health, and economic mobility. Cuts to SNAP would not only harm vulnerable families, but they would also undermine local economies, like that of the Mohawk Valley, that depend on a healthy, stable population. We can’t build a stronger New York by taking food off the tables of those working hardest to achieve self-sufficiency. At our refugee center, we witness every day the resilience of families rebuilding their lives after fleeing unimaginable hardship. SNAP is not just a safety net — it’s a bridge to stability, health and dignity.”

    Guthrie Lourdes Hospital President and CEO, and CPRAC Member Kathy Connerton said, “SNAP is more than a budget line item. It’s a vital safety net that upholds the fundamental human right to nutritious food. When we protect SNAP funding, we affirm that every New Yorker deserves the dignity and security of knowing where their next meal will come from. This essential program forms the bedrock of daily life for our children, seniors and residents with disabilities ensuring they can not only survive but thrive. Compromising SNAP puts our most vulnerable neighbors in crisis and undermines the collective well-being of our entire community.”

    New York City Human Resources Administration Administrator and CPRAC Member Scott French said, “SNAP serves as a lifeline for 1.8 million New York City residents and fuels economic growth across our local communities. We absolutely cannot afford the magnitude of cuts being proposed in the budget reconciliation bill. We urge leaders in Congress to recognize what’s at stake for working class New Yorkers who keep the city running, vulnerable seniors and children who rely on this critical anti-hunger program to survive, and local farmers and businesses that benefit from SNAP spending. As part of our mandate to strengthen pathways to economic mobility for low-income New Yorkers, we will continue to sound the alarm to ensure that no child goes hungry, and families aren’t forced to choose between putting food on the table or paying the rent.”

    Community Action Organization of Western New York President and CEO, and CPRAC Member Dr. Marie Cannon said, “At the Community Action Organization of Western New York, we see firsthand how vital SNAP is for families striving toward self-sufficiency. These proposed federal cuts would not only strip essential food resources from our most vulnerable neighbors—they would undercut the very progress we’ve made in fighting multigenerational poverty. We urge our federal leaders to reject these changes and protect the safety net that gives hope and dignity to millions of Americans.”

    No Kid Hungry New York Director Rachel Sabella said, “With food prices continuing to climb and New Yorkers’ incomes not keeping pace, SNAP remains one of our most powerful tools to fight hunger and keep kids nourished and healthy. Meanwhile, budget proposals from both the U.S. House and Senate would unnecessarily hurt working families and states trying to administer SNAP while needlessly punishing retailers and farmers in New York and across the country, pushing fragile local economies to their limits. In a recent poll of New Yorkers, 91% told No Kid Hungry that ending childhood hunger should be a bipartisan goal. We need the entire New York congressional delegation to reject these proposed cuts to SNAP and protect programs that are proven to reduce hunger, support families, and strengthen local economies.”

    Schuyler Center for Analysis and Advocacy President and CEO, and CPRAC Member Kate Breslin said, “New York State is working to create a future where every child has what they need to thrive. By erecting barriers to food access, Congress is making it harder for families who are struggling to eat every day and limiting opportunities to thrive. Our federal leaders must preserve food security for our children and families – without additional barriers or cuts that hurt families and create problems for states and local communities.”

    The Children’s Agenda CEO Larry Marx said, “More than 360,000 children in the state of New York are fed in families relying on SNAP and the proposed cuts in the federal reconciliation will compromise their access to food. SNAP is a lifeline for children whose families are experiencing financial hardships. Hunger has devastating impacts on a child’s health, learning, and well-being. Nourishing our most vulnerable and precious population, our children, should not be a partisan issue. Congress should reject the proposals to cut SNAP.”

    Food Industry Alliance of New York State President and CEO Mike Durant said, “Reducing SNAP dollars in New York will not only threaten this essential program, but also have a cascading impact leading to job losses, decreased revenue, and further strain on state and local services. The retail food industry encourages lawmakers in Congress to work toward a solution which preserves SNAP without negatively impacting our communities and economy.”

    Farmers Market Federation of New York Executive Director Jack Riffle said, “SNAP plays a critical role in supporting food security for New Yorkers and an increasingly larger role for New York State farms, farmers’ markets, and local economies. With the help of New York’s generous SNAP incentive program, FreshConnect, SNAP benefit purchases now exceed $10 million annually at authorized farmers’ markets around the state. As an organization representing New York farmers’ markets and farmers, our federation urges NY lawmakers to consider the value of funding SNAP for NY farm vendors, NY customers, and NY communities.”

    Westchester Children’s Association Executive Director and CPRAC Member Allison Lake said, “Feeding all our children should be a baseline for our country. SNAP ensures some of our most vulnerable families can put food on the table. The proposed cuts and administrative burdens by the reconciliation bill will directly impact the health and wellbeing of children. The growing need is everywhere, in one of the wealthiest counties in the country, Westchester County, NY, our latest data publication shows the Child Feeding program provides 80,000 meals on average to children per month. Congress can and should do better by the hardworking families of Westchester County, New York State, and the nation.”

    Context Matters Strategy Group Partner and CPRAC Member Dr. Dia N. Bryant said, “Cuts to SNAP aren’t just budget decisions—they are moral decisions. When we reduce access to food assistance, we’re signaling that some families, some children, are less deserving of dignity and nourishment. In New York, where disparities already run deep, these changes will push more families into crisis and more children into classrooms hungry. We cannot build a just and thriving state by taking from those who have the least.”

    MIL OSI USA News –

    June 21, 2025
  • MIL-OSI Video: Summit for Africa and Global Gateway: President von der Leyen in Rome

    Source: European Commission (video statements)

    On 20 June, President Ursula von der Leyen co-chairs “The Mattei plan for Africa and Global Gateway: A common effort with the African Continent” event, together with Giorgia Meloni, Prime Minister of Italy, in Rome.

    Following the opening of the event, European Commission President von der Leyen, Prime Minister Meloni and Mahamoud Ali Youssouf, Chairman of the African Union Commission, convene for a press conference.

    Follow live events and access media content here:
    https://audiovisual.ec.europa.eu/en/

    Stay updated — follow us on X: https://x.com/EC_AVService

    Follow us on:
    -X: https://twitter.com/EU_Commission
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    Check our website: http://ec.europa.eu/

    https://www.youtube.com/watch?v=VN2_XxLEoTk

    MIL OSI Video –

    June 21, 2025
  • MIL-OSI China: China to remain firmly committed to opening its market wider: FM spokesperson

    Source: People’s Republic of China – State Council News

    China will remain firmly committed to opening its market wider to the world, foster new driving forces, create new opportunities, and enable the world to benefit from China’s steady growth and draw impetus for common development, a Chinese foreign ministry spokesperson said on Friday.

    A recent report released by the World Bank shows that China’s economy maintained growth momentum in early 2025, and in response to global trade uncertainty, the government has implemented accommodative monetary and fiscal policies. Recently international institutions, such as J.P. Morgan and Goldman Sachs, have also revised up China’s growth prospects.

    In response to a related query, spokesperson Guo Jiakun said at a daily news briefing that China’s economy has forged steadily ahead, achieved high-quality growth and fostered new growth points amid a complex external environment, demonstrating strong resilience and potential. It is now a stabilizer for the world economy and a magnet for sharing development opportunities.

    In the first five months of this year, China’s total imports and exports of goods increased by 2.5 percent year on year, and the total retail sales of consumer goods went up 5 percent. Shopping in China has become a buzzing trend among foreign travelers. In the first month after the policy of departure tax refunds was rolled out, application for departure tax refunds across the country surged by 116 percent year on year. Traveling to China visa free is expected to be a popular choice during the summer holiday, Guo noted.

    “Facts have shown that the fundamentals of China’s long-term economic growth remain unchanged, the strengths of our mega-size market and complete industrial system remain unchanged, and our policy of pursuing high-quality development and high-standard opening up remains unchanged,” Guo said.

    This is the source of the world’s confidence in China’s growth forecast and their determination to invest in China and further explore China’s market, he added. 

    MIL OSI China News –

    June 21, 2025
  • MIL-OSI China: China’s fiscal revenue down 0.3 pct in first 5 months

    Source: People’s Republic of China – State Council News

    China’s fiscal revenue edged down 0.3 percent year on year to over 9.66 trillion yuan (about 1.35 trillion U.S. dollars) in the first five months of the year, according to data from the Ministry of Finance that was released on Friday.

    The central government collected nearly 4.15 trillion yuan in fiscal revenue, down 3 percent year on year, while local governments collected over 5.51 trillion yuan, up 1.9 percent year on year.

    China’s fiscal expenditure expanded 4.2 percent year on year to near 11.3 trillion yuan in the first five months. The central government’s fiscal expenditure rose 9.4 percent year on year, and there was a 3.4 percent increase in local government expenditure during the same period.

    Spending on education came in at approximately 1.75 trillion yuan, up 6.7 percent year on year. Science and technology expenditure exceeded 360.9 billion yuan, a 6.5 percent year-on-year increase. And spending on social security and employment topped 2 trillion yuan, up 9.2 percent year on year. 

    MIL OSI China News –

    June 21, 2025
  • India’s Eight Core Industries Index registers marginal 0.7% growth in May 2025

    Source: Government of India

    Source: Government of India (4)

    The Index of Eight Core Industries (ICI), a crucial gauge of the performance of key infrastructure sectors in the Indian economy, rose marginally by 0.7% year-on-year in May 2025, according to provisional data released by the Ministry of Commerce & Industry. This modest uptick highlights continuing challenges in several critical sectors despite gains in a few industries.

    The eight industries that comprise the index — Coal, Crude Oil, Natural Gas, Petroleum Refinery Products, Fertilizers, Steel, Cement, and Electricity — collectively account for 40.27% of the overall Index of Industrial Production (IIP). In May, positive growth was reported in Cement, Steel, Coal, and Refinery Products, while the remaining sectors recorded year-on-year contractions.

    Coal production, which holds a weight of 10.33% in the index, increased by 2.8% compared to the same month last year. On a cumulative basis, production during April–May 2025-26 rose by 3.1%. However, the crude oil sector, with a weight of 8.98%, contracted by 1.8% in May and by 2.2% over the two-month period.

    Natural gas output witnessed a sharper year-on-year fall of 3.6% in May, contributing to a cumulative decline of 2.3%. Meanwhile, petroleum refinery products — the largest component of the index with a weight of 28.04% — posted a modest 1.1% increase in May. Despite this, cumulative output during the April–May period dropped by 1.7%.

    The fertilizer sector reported the steepest decline, shrinking by 5.9% in May and registering a cumulative decrease of 5.1%. In contrast, the steel industry, which holds significant weight at 17.92%, saw a healthy 6.7% rise in output in May and a 5.5% increase over the two-month period.

    Cement production delivered the strongest performance among all eight industries, recording a robust 9.2% growth in May. Its cumulative output also showed significant momentum, rising by 7.8%. However, electricity generation, a major sector with a 19.85% weight, fell sharply by 5.8% in May and declined by 2.2% cumulatively — contributing to an overall drag on the index.

    June 21, 2025
  • MIL-OSI Russia: New Horizons of Cooperation: Polytech at the St. Petersburg International Economic Forum

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    On June 20, Peter the Great St. Petersburg Polytechnic University continued its work at the XXVIII St. Petersburg International Economic Forum.

    At the forum, the rector of SPbPU, academician of the Russian Academy of Sciences Andrey Rudskoy and the chairman PSB Petr Fradkov signed a partnership agreement aimed at developing and scaling digital twin technology for defense industry enterprises and civilian high-tech industries. The document sets out the creation of a joint ecosystem for technological development that meets the priorities of the Russian Federation in the field of digital transformation and technological leadership:

    Russia’s entry into the top 10 countries in terms of R&D volume; accelerated implementation of technological innovations; formation of long-term demand and supply for high-tech products.

    All joint initiatives of SPbPU and PSB will be focused on the implementation and financial support of “cross-cutting” projects: from technological innovations to the creation and technical support in the operation of promising military and military-technical equipment and dual-use products.

    Polytechnic has been building a world-class ecosystem around key scientific and technological direction— system digital engineering and digital twin technology. PSB support will give our projects strategic and financial acceleration and will allow us to transform our scientific and technological groundwork, created digital platforms, digital test benches and testing grounds not only into a tool for developing high-tech products and implementing R&D, but also into state standards. After all, our common goal is to increase business investment in R&D, to make digital twin technology not only a language of communication between science, production and business, but also a basis for effective cooperation in order to ensure a high level of defense capability and technological leadership of the country, — noted Andrey Rudskoy.

    For systematic work in this direction, PSB will create specialized structures within its framework by the end of the year – the Sovereign Technologies Development Agent and the Innovation Diffusion Accelerator, which will form cooperation chains of qualified customers and qualified performers, developers and manufacturers of high-tech products, and will also develop specialized financial instruments for the implementation of technological innovations using digital twin approaches.

    For PSB, the backbone bank of the military-industrial complex, the role of an agent for the development of sovereign technologies is a responsibility and a growth point. Based on the expertise of the Polytechnic University andCML-Bench® digital platform, we consolidate engineering and financial data in a single digital circuit so that bold scientific and technological ideas quickly become competitive products. Our goal is to create and test a convenient “short route” from development to serial production and ensure the country’s technological leadership, which today is measured, among other things, by the ability to create the future in digital form, said Pyotr Fradkov.

    The most important link that translates the country’s priorities from the highest level into an effective project format should be the Interdepartmental Comprehensive Target Program for the Implementation of Digital Twin Technology, which is being developed on behalf of the President of the Russian Federation by federal executive bodies under the leadership of the Ministry of Industry and Trade of Russia.

    Digital twin technology plays an important role in the development of industry and is aimed primarily at reducing the cost and development time of high-tech products, improving the characteristics of created and modernized models, which will lead to ensuring technological sovereignty and technological leadership. I would like to note that within the framework of the activities of TC 700, RFNC-VNIIEF and SPbPU were the first in the world to develop National standard “Digital twins of products”, which was officially recognized in the PRC and served as the basis for the creation of the standard “Digital Twins of Aircraft Gas Turbine Engines”. In this regard, the signed Agreement on Cooperation between PSB and SPbPU in the field of development and application of digital testing technologies and digital twins at defense industry enterprises will play a major role and will be of great importance in the implementation of the Interdepartmental Comprehensive Target Program for the Implementation of Digital Twin Technology, – commented Kirill Lysogorsky, Deputy Minister of Industry and Trade of the Russian Federation, Chairman of TC 700 “Mathematical Modeling and High-Performance Computing Technologies”.

    Also at the forum, two agreements on joining the consortium “Russian-African Network University” were signed: with the Saint Petersburg State University of Economics and the Moscow State University of Geodesy and Cartography. The documents were signed by the Chairman of the Presidium of RAFU, Rector of SPbPU Andrey Rudskoy, Rector of SPbGEU Igor Maksimtsev and Rector of MIIGAiK Nadezhda Kamynina.

    The Russian-African Network University is proud to welcome new members to its ranks. This event is of great importance. The main value lies in the professional activities of the University of Economics. The Ministry instructed us to conduct research to assess the economic and cultural damage inflicted on Africa by centuries of colonial rule. Our President rightly noted that Africa is the future of our planet and the most populated continent. Africa has enormous intellectual potential, which in the near future may occupy leading economic and intellectual positions. Our network university should contribute to this process, – noted Andrey Rudskoy.

    The Russian-African Network University consortium was created on the initiative of the Ministry of Science and Higher Education of the Russian Federation in 2021.

    Its goal is to develop partnerships between Russian and African universities in the field of higher education and research, and to create a unified educational space for training highly qualified personnel. RAFU includes more than 90 Russian educational, scientific organizations and companies, and on the African side – 45 universities and organizations from 15 African countries.

    Andrey Rudskoy also became an expert in the session “Welcome, or No Trespassing: A Challenge for Science” with the participation of the Minister of Science and Higher Education of the Russian Federation Valery Falkov. The conversation was devoted to the problem of communications in the field of science as an important part of international relations.

    At the forum, the rector of SPbPU held a series of productive meetings where they discussed current tasks for ensuring the country’s technological leadership, as well as the interaction of science, education and business.

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

    MIL OSI Russia News –

    June 21, 2025
  • MIL-OSI: $HAREHOLDER ALERT: Class Action Attorney Juan Monteverde Investigates the Merger of CureVac N.V. (NASDAQ: CVAC)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating CureVac N.V. (NASDAQ: CVAC) related to its sale to BioNTech SE. Under the terms of the proposed transaction, each CureVac share will be exchanged for approximately $5.46 in BioNTech ADSs. Upon closing of the proposed transaction, CureVac shareholders are expected to own between 4% and 6% of BioNTech. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/curevac-n-v/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

    June 21, 2025
  • MIL-OSI: $HAREHOLDER ALERT: Class Action Attorney Juan Monteverde Investigates the Merger of CureVac N.V. (NASDAQ: CVAC)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating CureVac N.V. (NASDAQ: CVAC) related to its sale to BioNTech SE. Under the terms of the proposed transaction, each CureVac share will be exchanged for approximately $5.46 in BioNTech ADSs. Upon closing of the proposed transaction, CureVac shareholders are expected to own between 4% and 6% of BioNTech. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/curevac-n-v/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

    June 21, 2025
  • MIL-OSI: AS Inbank entered into merger agreement with Inbank Ventures OÜ

    Source: GlobeNewswire (MIL-OSI)

    Today, on 20 June 2025, AS Inbank entered into a notarial merger agreement with its 100% subsidiary Inbank Ventures OÜ. As a result of the merger, Inbank Ventures OÜ will cease to exist without liquidation and AS Inbank will become its legal successor. Inbank Ventures OÜ is operating as a holding company and provides IT support services within the Inbank Group. The purpose of the merger is to align the Group’s legal structure with its actual business operations and to enhance organisational efficiency, while leaving the consolidated assets, rights, and obligations unchanged. 

    The merger will enter into force following the receipt of the required approval from the Financial Supervision and Resolution Authority. The completion of the merger is expected to take place during the first quarter of 2026. The merger agreement is attached to this notice. Additionally, the merger agreement and other related documents (including the merger report) are available for review at the office of AS Inbank, located at Niine 11, Tallinn. 

    Inbank is a financial technology company with an EU banking license that connects merchants, consumers and financial institutions on its next generation embedded finance platform. Partnering with more than 5,600 merchants, Inbank has 941,000+ active contracts and collects deposits across 7 markets in Europe. Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange.

    Additional information:
    Styv Solovjov
    AS Inbank
    Head of Investor Relations
    +372 5645 9738
    styv.solovjov@inbank.ee

    Attachment

    • AS Inbank ja Inbank Ventures OÜ ühinemisleping

    The MIL Network –

    June 21, 2025
  • MIL-OSI: AS Inbank entered into merger agreement with Inbank Ventures OÜ

    Source: GlobeNewswire (MIL-OSI)

    Today, on 20 June 2025, AS Inbank entered into a notarial merger agreement with its 100% subsidiary Inbank Ventures OÜ. As a result of the merger, Inbank Ventures OÜ will cease to exist without liquidation and AS Inbank will become its legal successor. Inbank Ventures OÜ is operating as a holding company and provides IT support services within the Inbank Group. The purpose of the merger is to align the Group’s legal structure with its actual business operations and to enhance organisational efficiency, while leaving the consolidated assets, rights, and obligations unchanged. 

    The merger will enter into force following the receipt of the required approval from the Financial Supervision and Resolution Authority. The completion of the merger is expected to take place during the first quarter of 2026. The merger agreement is attached to this notice. Additionally, the merger agreement and other related documents (including the merger report) are available for review at the office of AS Inbank, located at Niine 11, Tallinn. 

    Inbank is a financial technology company with an EU banking license that connects merchants, consumers and financial institutions on its next generation embedded finance platform. Partnering with more than 5,600 merchants, Inbank has 941,000+ active contracts and collects deposits across 7 markets in Europe. Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange.

    Additional information:
    Styv Solovjov
    AS Inbank
    Head of Investor Relations
    +372 5645 9738
    styv.solovjov@inbank.ee

    Attachment

    • AS Inbank ja Inbank Ventures OÜ ühinemisleping

    The MIL Network –

    June 21, 2025
  • MIL-OSI: $HAREHOLDER ALERT: Class Action Attorney Juan Monteverde Investigates the Merger of Cantaloupe, Inc. (NASDAQ: CTLP) 

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Cantaloupe, Inc. (NASDAQ: CTLP) related to its sale to 365 Retail Markets, LLC for $11.20 per share in cash. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/cantaloupe-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

    June 21, 2025
  • MIL-OSI Africa: Gabon Oil Company Chief Executive Officer (CEO) Joins African Energy Week (AEW) 2025 Following Major Asset Acquisition from Tullow Oil

    Source: Africa Press Organisation – English (2) – Report:

    Marcellin Simba Ngabi, CEO of Gabonese parastatal Gabon Oil Company (GOC), is set to speak at Africa’s premier energy event, African Energy Week (AEW): Invest in African Energies 2025, which takes place in Cape Town from September 29 to October 3. Ngabi’s presence at AEW: Invest in African Energies 2025 signals a bold new era for state-led energy development as GOC transitions from a partner in operations to a primary driver of upstream growth and regional integration.

    Ngabi’s participation comes shortly after the GOC’s landmark $300 million acquisition of oil and gas company Tullow Oil’s entire Gabonese portfolio, a transaction that includes 10,000 barrels per day (bpd) in production and 36 million barrels of proven reserves. The acquisition underscores GOC’s strategic push to ramp up national oil production and attract new investment into Gabon’s energy sector. During AEW: Invest in African Energies 2025, Ngabi is expected to share insight into the company’s portfolio expansion, detailing how this recent acquisition supports the country’s broader production goals.

    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    With over two billion barrels of proven oil reserves and significant gas potential, Gabon is reasserting its position as one of Africa’s most promising energy frontiers. As the country seeks to boost production to 220,000 bpd, GOC is spearheading efforts to optimize mature fields, unlock value from marginal assets and fast-track project development. Recent developments include the GOC’s oilfield development partner BW Energy’s fast-tracked production start at the Hibiscus South satellite prospect, situated in the Dussafu license, which added 5,000-6,000 bpd within five months of discovery. Meanwhile, in 2024, GOC completed the acquisition of the private equity company Carlyle Group-owned Assala Energy – adding seven onshore licenses, a pipeline network and the Gamba export terminal to its portfolio. These milestones highlight GOC’s commitment to rapid asset turnaround and production growth.

    Beyond oil, GOC is advancing Gabon’s Gas Master Plan to monetize the country’s three to five trillion cubic feet of natural gas reserves. Strategic initiatives include independent oil and gas company Perenco’s $1 billion Cap Lopez LNG terminal – set to come online in 2026 – and the Batanga LPG plant, which became operational in December 2023. These efforts form part of a broader national drive to reduce flaring, strengthen downstream industries and diversify the country’s energy mix.

    At AEW: Invest in African Energies 2025, Ngabi is expected to showcase Gabon’s revitalized upstream agenda, highlight new investment opportunities across the oil and gas value chain and outline the national oil company’s vision for leveraging international partnerships to drive sustainable growth. His participation is also set to highlight how national oil companies are transforming Africa’s energy narrative through bold acquisitions, technology adoption and regional cooperation.

    “Gabon’s recent acquisitions and project milestones position the country as a rising force in Africa’s upstream resurgence. Ngabi’s participation at AEW: Invest in African Energies 2025 reinforces the central role national oil companies are playing in unlocking Africa’s energy future, and we look forward to his insights on Gabon’s strategic roadmap,” stated Tomás Gerbasio, VP of Commercial and Strategic Engagement, African Energy Chamber.

    – on behalf of African Energy Chamber.

    Media files

    Download logo

    MIL OSI Africa –

    June 21, 2025
  • MIL-OSI United Kingdom: UK-Bahrain agree £2bn investment partnership in huge boost for UK economy

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK-Bahrain agree £2bn investment partnership in huge boost for UK economy

    The UK and Bahrain have signed a partnership agreement which will deliver £2 billion of investment into key growth sectors in a huge boost to the economy.

    • UK has signed a new partnership with Bahrain, which will see £2 billion investment into key growth sectors.
    • Agreement will increase investment in financial services, clean energy, manufacturing and tech – all growth sectors in Government’s modern Industrial Strategy.
    • Business Secretary Jonathan Reynolds: investment is ‘major vote of confidence’ that will increase jobs and create growth across UK as part of the Government’s Plan for Change.
    • UK becomes member of the US-Bahrain Comprehensive Security Integration and Prosperity Agreement which supports economic growth at home.

    The UK government and Bahrain have signed a new investment and collaboration partnership that will unlock £2 billion of investment into Britain, boosting economic growth and driving forward the Government’s Plan for Change.

    The Strategic Investment and Collaboration Partnership (SIP) is double the £1 billion commitment made in 2023 and will focus on investing in key growth sectors including financial services, technology and decarbonisation – as the Government prepares to publish the upcoming modern Industrial Strategy. 

    The Partnership is a sign of a strengthened bilateral relationship with Bahrain and will help create new jobs and boost growth across the UK. It will also provide British companies opportunities to take advantage of Bahrain’s business environment, providing support on innovation, productivity and development in the country. 

    Yesterday [Thursday 19 June], the Prime Minister met with His Royal Highness Crown Prince Salman bin Hamad Al Khalifa, Prime Minister of the Kingdom of Bahrain, where the deal was formally signed.

    At a time of great importance for regional stability both leaders reaffirmed the strength of the relationship between the two countries, as the UK became a full member of the Comprehensive Security Integration and Prosperity Agreement (C-SIPA) after announcing its intention to join in December 2024. This demonstrates the UK’s continued efforts to strengthen security cooperation with key partners in Bahrain and the US and together, to foster long-term regional stability across the Middle East while bolstering economic growth at home through new security and defence partnerships.    

    The UK and Bahrain leaders yesterday reiterated their commitment to defence relations and continuing the already strong cooperation between our Armed Forces and those of the Kingdom of Bahrain. This includes our strong naval partnership, which has seen Bahrain host the UK’s largest naval base outside of the UK and training offered by UK Armed Forces to Bahrain military personnel.  

    Chancellor of the Exchequer Rachel Reeves said:

    In a changing world, Britain is increasingly seen as a place for investment and growth – thanks to the stability we have brought to the economy and our pro-business approach.

    This £2 billion investment into the growth-driving sectors where Britain thrives will create good jobs paying decent wages in all corners of our country, putting more money in people’s pockets as part of our Plan for Change.

    Business and Trade Secretary Jonathan Reynolds said:

    This £2 billion commitment is yet another major vote of confidence in the UK economy, backing the key growth sectors we’ve identified in our upcoming modern Industrial Strategy.

    We have the most open, stable and connected economy in the world – and our Plan for Change will encourage more countries to invest here, delivering long-term growth that supports good, skilled jobs across the country.

    During their visit to the UK, a delegation of Bahraini investors visited growth projects and business in Manchester, Leeds, and Sheffield, in order to explore opportunities to support the UK Government’s growth agenda. 

    This government is committed to driving economic growth, and growing trade and investment with the Gulf is pivotal to this mission, delivering higher wages, supporting increased investment and economic opportunity, and strengthening relationships with important partners. 

    Notes to editors:

    • The UK announced its intention to join C-SIPA during the Minister for the Middle East and North Africa’s visit to Manama in December 2024. UK joins US-Bahrain agreement to build security across the Middle East – GOV.UK

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    Published 20 June 2025

    MIL OSI United Kingdom –

    June 21, 2025
  • MIL-OSI: $HAREHOLDER ALERT: Class Action Attorney Juan Monteverde Investigates the Merger of Verve Therapeutics, Inc. (NASDAQ: VERV)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Verve Therapeutics, Inc. (NASDAQ: VERV) related to its sale to Eli Lilly. Under the terms of the proposed transaction, Verve shareholders will receive $10.50 per share in cash, plus one non-tradeable contingent value right per share entitling the holder to receive up to an additional $3.00 per share upon the achievement of certain milestones. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/verve-therapeutics-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

    June 21, 2025
  • MIL-OSI USA: Governor Stein Announces More Than $52 Million of Investment in Rural Communities

    Source: US State of North Carolina

    Headline: Governor Stein Announces More Than $52 Million of Investment in Rural Communities

    Governor Stein Announces More Than $52 Million of Investment in Rural Communities
    lsaito
    Fri, 06/20/2025 – 08:04

    Raleigh, NC

    Governor Josh Stein today announced that the Rural Infrastructure Authority (RIA) has approved nine grant requests for local governments totaling $2,941,000. The grants include commitments creating a total of 137 jobs. The public investment in these projects will attract more than $52 million in additional private and public investment.

    “North Carolina’s rural communities are excellent places to live, work, and do business,” said Governor Josh Stein. “The latest rural infrastructure grants strengthen these communities even more by helping to create jobs, access to health care, and strengthen downtowns.”

    The RIA is supported by the rural economic development team at the North Carolina Department of Commerce. RIA members review and approve funding requests from local communities. Funding comes from a variety of specialized grant and loan programs offered and managed by the North Carolina Department of Commerce’s Rural Economic Development Division, which is led by Assistant Secretary for Rural Development Reginald Speight. Grants support a variety of activities, including infrastructure development, building renovation, expansion and demolition, and site improvements.

    “We are excited by the opportunities to partner with our state’s rural communities through these infrastructure grant projects,” said Commerce Secretary Lee Lilley. “These investments will help rural North Carolina grow jobs, expand opportunity, and improve people’s quality of life.”

    The RIA approved five grant requests under the state’s Building Reuse Program in three categories: 

    Vacant Building Category 

    • Rockingham County: A $500,000 grant will support the reuse of a 216,086-square-foot building in Reidsville. The facility is set to be occupied by Joyalways Corporation, a manufacturer of wet wipes including baby wipes and non-alcoholic variants. The company plans to create 44 jobs while investing $10,757,500 in this project.
    • Transylvania County: A $75,000 grant will support the reuse of a 4,100-square-foot building in Brevard. This facility will be occupied by Nature Trails NC, LLC, an outdoor recreation business that fabricates structures used in outdoor trails such as benches, kiosks, and bike ramps. With this project, the company is expected to create 16 jobs while investing $80,745.

    Existing Business Building Category 

    • Hertford County: A $280,000 grant will support the expansion of a building in Cofield that is occupied by Structural Coating Hertford, LLC. The company, which provides technologically advanced processes for blast cleaning and coating steel plates, plans to add 5,026 square feet to the existing facility. The project is expected to create 35 jobs with a private investment of $1,674,659.

    Rural Health Building Category

    • City of Rocky Mount (Edgecombe County): A $375,000 grant will support the reuse of a 13,330-square-foot former Memorial Hospital building as a facility for the Opportunities Industrialization Center (OIC) of Rocky Mount. Through its Family Medical Center, OIC provides a variety of affordable health services and is the medical home to approximately 14,000 patients. The center plans to create 30 jobs and invest $13,426,500 in this project.
    • Town of Pembroke (Robeson County): A $150,000 grant will support the construction of a 29,000-square-foot building, where Robeson Health Care Corporation plans to expand their existing operations. The health care provider plans to serve 1,000 additional patients yearly at this new facility, which will include a new eye care center and additional exam rooms to create a functional, patient-friendly environment. With this project, the organization expects to create 12 jobs while investing $11,442,615. 

    The Building Reuse Program provides grants to local governments to renovate vacant buildings, renovate and/or expand buildings occupied by existing North Carolina companies, and renovate, expand, or construct health care facilities that will lead to the creation of new jobs in Tier 1 and Tier 2 counties, as well as rural census tracts of Tier 3 counties.

    The RIA approved four grant requests under the state’s Rural Downtown Economic Development program in two categories:

    Public Buildings Category

    • Town of Williamston (Martin County): A $200,000 grant will support the Town’s Old Police Department Reuse Project, which is intended to rehabilitate and repurpose property that is connected to Town Hall. The 3,304-square-foot building will undergo renovations to create a public space for meetings and become a hub for community events. Renovations include ADA compliance and updates to the space, including updating an existing kitchen. The project is expected to leverage an investment of $11,364.
    • Town of Stoneville (Rockingham County): A $200,000 grant will support the town’s Fidelity Building Revitalization/Reuse Project, which aims to rehabilitate a vacant building for a fully operational financial institution. Improvements include HVAC, electrical, roofing, plumbing, ADA upgrades, and interior/exterior renovations, while also restoring the original brickwork and repairing damaged masonry. This project is expected to leverage an investment of $12,500.

    Public Infrastructure Category 

    • Town of Pembroke (Robeson County): A $311,000 grant will help the town transform a vacant property into a vibrant public space at the intersection of W. 3rd and Vance Streets. The project includes site preparation, a brick paver walkway, electrical upgrades, and tree grates and is a direct result of the town’s participation in the North Carolina Department of Commerce’s Rural Community Capacity program. The town will leverage an investment of $15,550 with this project.
    • Town of Boone (Watauga County): An $850,000 grant will assist the town in prioritizing pedestrian safety by converting the westbound lane of Howard Street from Appalachian Street to Burrell Street into a pedestrian and bicycle-only corridor. Phase Two of the project includes water, sewer, and stormwater improvements, as well as burying utilities. The project is expected to leverage an investment of $15,111,703. 

    The Rural Downtown Economic Development Grants program provides grants to local governments to support downtown revitalization and economic development initiatives. These grants are intended to help local governments grow and leverage downtown districts as assets for economic growth, economic development, and prosperity by providing public improvements to help retain businesses and leverage main street assets for community-wide use.

    In addition to reviewing and approving funding requests, the N.C. Rural Infrastructure Authority formulates policies and priorities for grant and loan programs administered by the Commerce Department’s Rural Economic Development team. Its 17 voting members are appointed by the Governor, Speaker of the House, and Senate President Pro Tem. The North Carolina Secretary of Commerce serves as a member of the authority, ex officio.

    Visit the Rural Economic Development Division webpage for more information.  

    Jun 20, 2025

    MIL OSI USA News –

    June 21, 2025
  • MIL-OSI: Diamond Technologies Inc. Acquires Full Asset Portfolio of Akhan Semiconductor, Including Groundbreaking Patents in Diamond Films for Semiconductors and Optics

    Source: GlobeNewswire (MIL-OSI)

    SCOTTSDALE, Ariz., June 20, 2025 (GLOBE NEWSWIRE) — Diamond Technologies Inc. (“DTI”) today announced the successful acquisition of the complete asset portfolio of Akhan Semiconductor, Inc., a leading innovator in diamond-based materials for advanced electronics. The transaction includes all patents, trade secrets, intellectual property, proprietary machinery, and engineered materials developed by Akhan over the past decade.

    The acquisition positions DTI at the forefront of advanced materials innovation, with a patent portfolio focused on diamond film systems, manufacturing methods, and substrate integration — technologies increasingly sought after by semiconductor foundries and equipment manufacturers facing the limitations of legacy materials.

    “Leading-edge semiconductor companies and equipment makers are in a race to break through the thermal and physical barriers of traditional materials,” said Jerry McGuire, CEO of Diamond Technologies Inc. “The diamond technologies now under DTI’s control represent a viable, scalable path forward for the entire industry.”

    DTI will move swiftly to commercialize key technologies in Akhan’s Miraj Diamond® platform, with initial focus on applications in:

    – Thermally superior wafer substrates and spreaders for high-performance semiconductors
    – Next-generation tooling and wear-resistant components for chip fabrication
    – Diamond coatings for optical, defense, and display technologies

    The company has identified several strategic intersections between the acquired IP and ongoing initiatives in lithography, photonics, and thermal management at leading chipmakers and semiconductor tool suppliers.

    DTI is actively seeking strategic partners for co-development, licensing, and technology integration. The company is prepared to engage with global firms across semiconductors, aerospace, optics, and defense to deploy Miraj Diamond® technologies in commercial applications.

    About Diamond Technologies Inc.
    Diamond Technologies Inc. is a materials innovation company developing and commercializing diamond-based solutions across semiconductors, aerospace, defense, optics, and industrial applications. With the acquisition of Akhan Semiconductor’s assets, DTI owns one of the most advanced patent portfolios in synthetic diamond technologies, enabling a new class of ultra-hard, thermally conductive, and optically clear materials to power next-generation technologies.

    Contact:

    Media & Partnerships
    partners@dtech.inc
    www.dtech.inc

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Diamond Technologies Inc. Acquires Full Asset Portfolio of Akhan Semiconductor, Including Groundbreaking Patents in Diamond Films for Semiconductors and Optics

    Source: GlobeNewswire (MIL-OSI)

    SCOTTSDALE, Ariz., June 20, 2025 (GLOBE NEWSWIRE) — Diamond Technologies Inc. (“DTI”) today announced the successful acquisition of the complete asset portfolio of Akhan Semiconductor, Inc., a leading innovator in diamond-based materials for advanced electronics. The transaction includes all patents, trade secrets, intellectual property, proprietary machinery, and engineered materials developed by Akhan over the past decade.

    The acquisition positions DTI at the forefront of advanced materials innovation, with a patent portfolio focused on diamond film systems, manufacturing methods, and substrate integration — technologies increasingly sought after by semiconductor foundries and equipment manufacturers facing the limitations of legacy materials.

    “Leading-edge semiconductor companies and equipment makers are in a race to break through the thermal and physical barriers of traditional materials,” said Jerry McGuire, CEO of Diamond Technologies Inc. “The diamond technologies now under DTI’s control represent a viable, scalable path forward for the entire industry.”

    DTI will move swiftly to commercialize key technologies in Akhan’s Miraj Diamond® platform, with initial focus on applications in:

    – Thermally superior wafer substrates and spreaders for high-performance semiconductors
    – Next-generation tooling and wear-resistant components for chip fabrication
    – Diamond coatings for optical, defense, and display technologies

    The company has identified several strategic intersections between the acquired IP and ongoing initiatives in lithography, photonics, and thermal management at leading chipmakers and semiconductor tool suppliers.

    DTI is actively seeking strategic partners for co-development, licensing, and technology integration. The company is prepared to engage with global firms across semiconductors, aerospace, optics, and defense to deploy Miraj Diamond® technologies in commercial applications.

    About Diamond Technologies Inc.
    Diamond Technologies Inc. is a materials innovation company developing and commercializing diamond-based solutions across semiconductors, aerospace, defense, optics, and industrial applications. With the acquisition of Akhan Semiconductor’s assets, DTI owns one of the most advanced patent portfolios in synthetic diamond technologies, enabling a new class of ultra-hard, thermally conductive, and optically clear materials to power next-generation technologies.

    Contact:

    Media & Partnerships
    partners@dtech.inc
    www.dtech.inc

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Lucas GC Limited Announces Pricing of Follow-On Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) — Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (“AI”) technology-driven Platform-as-a-Service (“PaaS”) company with proprietary technologies applied to the human resources and insurance industry verticals, today announced the pricing of its “best efforts” follow-on offering (the “Offering”) of 32,150,000 ordinary shares, par value US$0.000005 per share, of the Company (the “Ordinary Shares”) at a public offering price of $0.20 per share, for total gross proceeds of US$6,430,000 before deducting placement agent’s fee and offering expenses. The Offering is expected to close on or about June 23, 2025, subject to the satisfaction of customary closing conditions.

    AC Sunshine Securities LLC is acting as the placement agent for the Offering.

    A registration statement related to the Offering has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release shall not constitute an offer to sell or a 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.

    This offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus relating to the Offering may be obtained, when available, on the SEC’s website located at http://www.sec.gov and may also be obtained from AC Sunshine Securities LLC, 200 E. Robinson Street Suite 295, Orlando, FL 32801.

    About Lucas GC Limited
    With 19 granted U.S. and Chinese patents and over 75 registered software copyrights in the AI, data analytics and blockchain technologies, Lucas GC Limited is an AI technology-driven PaaS company with over 780,320 agents working on its platform. Lucas’ technologies have been applied to the human resources and insurance industry verticals. For more information, please visit: https://www.lucasgc.com/.

    For Investor Inquiries and Media Contact:
    https://www.lucasgc.com/ 
    ir@lucasgc.com 
    T: 818-741-0923

    Forward-Looking Statements
    Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Lucas GC Limited Announces Pricing of Follow-On Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) — Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (“AI”) technology-driven Platform-as-a-Service (“PaaS”) company with proprietary technologies applied to the human resources and insurance industry verticals, today announced the pricing of its “best efforts” follow-on offering (the “Offering”) of 32,150,000 ordinary shares, par value US$0.000005 per share, of the Company (the “Ordinary Shares”) at a public offering price of $0.20 per share, for total gross proceeds of US$6,430,000 before deducting placement agent’s fee and offering expenses. The Offering is expected to close on or about June 23, 2025, subject to the satisfaction of customary closing conditions.

    AC Sunshine Securities LLC is acting as the placement agent for the Offering.

    A registration statement related to the Offering has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release shall not constitute an offer to sell or a 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.

    This offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus relating to the Offering may be obtained, when available, on the SEC’s website located at http://www.sec.gov and may also be obtained from AC Sunshine Securities LLC, 200 E. Robinson Street Suite 295, Orlando, FL 32801.

    About Lucas GC Limited
    With 19 granted U.S. and Chinese patents and over 75 registered software copyrights in the AI, data analytics and blockchain technologies, Lucas GC Limited is an AI technology-driven PaaS company with over 780,320 agents working on its platform. Lucas’ technologies have been applied to the human resources and insurance industry verticals. For more information, please visit: https://www.lucasgc.com/.

    For Investor Inquiries and Media Contact:
    https://www.lucasgc.com/ 
    ir@lucasgc.com 
    T: 818-741-0923

    Forward-Looking Statements
    Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Antalpha to Hold Extraordinary General Meeting on July 21, 2025

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 20, 2025 (GLOBE NEWSWIRE) — Antalpha Platform Holding Company (NASDAQ: ANTA) (“Antalpha” or the “Company”), a leading fintech platform serving the Bitcoin mining ecosystem, today announced that it will hold an extraordinary general meeting of shareholders (the “EGM”) at 2:00 p.m. (Hong Kong time) on July 21, 2025 at 42nd Floor, Edinburgh Tower, The Landmark, 15 Queen’s Road, Central, Hong Kong.

    A proposal to increase the Company’s authorized share capital will be submitted to the Company’s shareholders to be considered and voted upon at the EGM. If the proposal is approved by an ordinary resolution of the shareholders, the authorized share capital of the Company will be increased from “US$50,000 divided into 50,000,000 Ordinary Shares of a par value of US$0.001 each” to “US$62,500 divided into 62,500,000 Ordinary Shares of a par value of US$0.001 each” by the creation of an additional 12,500,000 Ordinary Shares of a par value of US$0.001 each to rank pari passu in all respects with the existing shares.

    A proposal to re-designate the Company’s ordinary shares into Class A Ordinary Shares and Class B Ordinary Shares will be submitted to the Company’s shareholders to be considered and voted upon at the EGM. If the proposal is approved by a special resolution of the shareholders, (a) 59,375,000 authorized Ordinary Shares (including the 23,677,500 issued Ordinary Shares) of a par value of US$0.001 each in the capital of the Company will be re-designated as Class A Ordinary Shares, and (b) 3,125,000 authorized but unissued Ordinary Shares of a par value of US$0.001 each in the capital of the Company will be re-designated as Class B Ordinary Shares (the “Share Re-designation”), such that immediately following the Share Re-designation, the authorized share capital of the Company will be US$62,500 divided into 62,500,000 Ordinary Shares of a par value of US$0.001 each, comprising of (i) 59,375,000 Class A Ordinary Shares (including 23,677,500 issued Class A Ordinary Shares) of a par value of US$0.001 each (the “Class A Ordinary Shares”), and (ii) 3,125,000 Class B Ordinary Shares of a par value of US$0.001 each (the “Class B Ordinary Shares”).

    A proposal to amend and restate the Company’s existing memorandum and articles of association to reflect the variation of the Company’s authorized share capital will be submitted to the Company’s shareholders to be considered and voted upon at the EGM. If the proposal is approved by a special resolution of the shareholders, the Company’s Amended and Restated Memorandum of Association and Articles of Association will be amended and restated by their deletion in their entirety and the substitution in their place of the Second Amended and Restated Memorandum of Association and Articles of Association in the form as attached to the EGM notice as Exhibit A (the “Amended M&AA”), and the authorized share capital of the Company will be US$62,500 divided into 62,500,000 Ordinary Shares of a par value of US$0.001 each comprising of (i) 59,375,000 Class A Ordinary Shares of a par value of US$0.001 each, and (ii) 3,125,000 Class B Ordinary Shares of a par value of US$0.001 each, with the rights attaching to such shares as set out in the Amended M&AA, including that each Class A Ordinary Share is entitled to one vote, and is not convertible into Class B Ordinary Share under any circumstances, and each Class B Ordinary Share is entitled to twenty (20) votes, subject to certain conditions, and is convertible into one Class A Ordinary Share at any time by the holder thereof.

    A proposal to grant the Chairperson of the board of directors and Chief Executive Officer of the Company (the “Founder”), one or more awards under the Company’s 2024 Share Incentive Plan will be submitted to the Company’s shareholders to be considered and voted upon at the EGM. If the proposal is approved by an ordinary resolution of the shareholders, the Company will be authorized to grant the Founder awards under the Company’s 2024 Share Incentive Plan (as may be amended from time to time), in the form of options, restricted share units or other types, to acquire an aggregate of up to 1,500,000 Class B Ordinary Shares, of which the first 750,000 Class B Ordinary Shares shall vest only upon the Company achieving a market capitalization of at least US$1 billion, and the remaining 750,000 Class B Ordinary Shares shall vest only upon the Company achieving a market capitalization of at least US$2 billion, as an incentive for his continued service and to align his interests with those of the Company and its shareholders.

    A proposal for the Company to adopt a treasury management plan will be submitted to the Company’s shareholders to be considered and voted upon at the EGM. If the proposal is approved by an ordinary resolution of the shareholders, the Company will adopt the treasury management plan in the form as attached to the EGM notice as Exhibit B for the purposes of improving the treasury management of the Company, and the Company and its board of directors be authorized to take all actions as may be necessary for the purposes of carrying out such treasury management plan, including issuing ordinary shares or other securities to raise funds to acquire digital gold, or acquiring digital gold through its subsidiaries and/or investees, which may include publicly listed companies, from time to time for purposes of carrying out such treasury management plan.

    The Board has fixed the close of business on June 20, 2025 (Eastern Standard Time) as the record date (the “Record Date”) for determining the shareholders entitled to receive notice of, to attend, and to vote at, the EGM or any adjourned or postponed meeting thereof. Holders of record of the Company’s ordinary shares, par value US$0.001 per share, at the close of business on the Record Date are entitled to notice of, and to vote at, the EGM or any adjournment or postponement thereof. The notice of the EGM, which sets forth the resolutions to be submitted to shareholder approval at the meeting and includes the Amended M&AA and treasury management plan as exhibits, is available on the Company’s website at ir.antalpha.com.

    About Antalpha

    Antalpha is a leading fintech company specializing in providing financing, technology, and risk management solutions to institutions in the digital asset industry. As the primary lending partner of Bitmain, Antalpha offers Bitcoin supply chain and margin loans through the Antalpha Prime technology platform, which allows customers to originate and manage their digital assets loans, as well as monitor collateral positions with near real-time data.

    Contacts

    Investor Relations: ir@antalpha.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Canadian Banc Corp. At-The-Market Equity Program Renewed

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 20, 2025 (GLOBE NEWSWIRE) — Canadian Banc Corp. (the “Company”) announces it has renewed its at-the-market equity program (“ATM Program”) that allows the Company to issue shares of the Company to the public from time to time at the Company’s discretion, effective until July 19, 2027 unless terminated prior to such date by the Company. This ATM Program replaces the prior program established in January 2024 that has terminated. Any Class A Shares or Preferred Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”) or any other marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated June 19, 2025 with National Bank Financial Inc. (the “Agent”).

    Sales of Class A Shares and Preferred Shares will be made by way of “at-the-market distributions” as defined in National Instrument 44-102 Shelf Distributions on the TSX or on any marketplace for the Class A Shares and Preferred Shares in Canada. Since the Class A Shares and Preferred Shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM Program is being offered pursuant to a prospectus supplement dated June 19, 2025 to the Company’s short form base shelf prospectus dated June 18, 2025. The maximum gross proceeds from the issuance of the shares will be $350,000,000. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the Agent and are available on SEDAR+ at www.sedarplus.com.

    The volume and timing of distributions under the ATM Program, if any, will be determined at the Company’s sole discretion. The Company intends to use the proceeds from the ATM Program in accordance with the investment objectives and investment strategies of the Company, subject to the investment restrictions of the Company.

    The Company invests in a portfolio of six publicly traded Canadian Banks as follows:

    Bank of Montreal Canadian Imperial Bank of Commerce Royal Bank of Canada
    The Bank of Nova Scotia National Bank of Canada The Toronto-Dominion Bank
         

    Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the Company’s publicly filed documents which are available at www.sedarplus.com.

    Investor Relations:
    1-877-478-2372
    Local: 416-304-4443
    www.canadianbanc.com
    info@quadravest.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Dividend 15 Split Corp. II At-The-Market Equity Program Renewed

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 20, 2025 (GLOBE NEWSWIRE) — Dividend 15 Split Corp. II (the “Company”) announces it has renewed its at-the-market equity program (“ATM Program”) that allows the Company to issue shares of the Company to the public from time to time at the Company’s discretion, effective until July 19, 2027 unless terminated prior to such date by the Company. This ATM Program replaces the prior program established in May 2023 that has terminated. Any Class A Shares or Preferred Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”) or any other marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated June 19, 2025 with National Bank Financial Inc. (the “Agent”).

    Sales of Class A Shares and Preferred Shares will be made by way of “at-the-market distributions” as defined in National Instrument 44-102 Shelf Distributions on the TSX or on any marketplace for the Class A Shares and Preferred Shares in Canada. Since the Class A Shares and Preferred Shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM Program is being offered pursuant to a prospectus supplement dated June 19, 2025 to the Company’s short form base shelf prospectus dated June 18, 2025. The maximum gross proceeds from the issuance of the shares will be $350,000,000. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the Agent and are available on SEDAR+ at www.sedarplus.com.

    The volume and timing of distributions under the ATM Program, if any, will be determined at the Company’s sole discretion. The Company intends to use the proceeds from the ATM Program in accordance with the investment objectives and investment strategies of the Company, subject to the investment restrictions of the Company.

    The Company invests primarily in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial Corporation, Enbridge Inc., Sun Life Financial Inc., TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

    Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance   may not be repeated. Please read the Company’s publicly filed documents which are available at www.sedarplus.com.

    Investor Relations: 1-877-478-2372
    Local: 416-304-4443
    www.dividend15.com
    info@quadravest.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Donald De Lucca Joins Advisory Board of Alternative Ballistics Corporation to Enhance Law Enforcement Growth Strategy

    Source: GlobeNewswire (MIL-OSI)

    Las Vegas, Nevada, June 20, 2025 (GLOBE NEWSWIRE) — Alternative Ballistics Corporation, an innovative public safety technology company, is proud to announce that Donald De Lucca, former President of the International Association of Chiefs of Police (IACP) and a seasoned law enforcement executive, has joined the company’s Advisory Board.

    Chief De Lucca brings over three decades of distinguished law enforcement experience, including leadership roles as Chief of Police for the cities of Doral, Golden Beach, and Miami Beach, Florida. He is currently a partner at V2 Global, where he leads domestic and international risk consulting and crisis management initiatives, in addition to heading the firm’s Law Enforcement Advisory Group.

    Throughout his career, Chief De Lucca has demonstrated a deep commitment to advancing law enforcement strategies, professional development, and community engagement. His tenure as the 104th President of the IACP – representing 33,000 police leaders in over 170 countries – underscores his global influence and dedication to modern policing. Under his leadership, agencies he commanded earned national recognition for implementing best practices from the President’s Task Force on 21st Century Policing.

    “I am honored to join the Advisory Board of Alternative Ballistics Corporation,” said Chief De Lucca. “I believe deeply in the mission to provide law enforcement with tools that enhance officer and public safety while supporting responsible and effective use of force. The Company is advancing a critical innovation, and I look forward to helping guide its growth and impact.”

    Steve Luna, CEO of Alternative Ballistics Corporation, welcomed the appointment: “Chief De Lucca’s unmatched leadership and experience in policing, both in the U.S. and internationally, will be instrumental as we continue expanding our reach and delivering mission-critical technology to law enforcement agencies. We are excited to have his insight and guidance on our Advisory Board.”

    About Alternative Ballistics Corporation

    Alternative Ballistics Corporation (“ABC”) produces The Alternative®, a patented less-lethal device designed to help law enforcement de-escalate potential lethal threats and reduce fatalities. The device attaches quickly to a service weapon and uses bullet capture technology to convert a live round into a non-penetrating impact projectile that can temporarily incapacitate an individual, allowing officers the opportunity to safely effect an arrest. It is intended for use when confronting non-compliant individuals who are in possession of a non-firearm weapon, oftentimes involving a person in crisis. After deployment, the firearm instantly reverts to standard use. A commercial version for civilian home-defense may also be available in the future.

    Forward-Looking Statements

    This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. In evaluating these forward-looking statements, you should consider various factors, including: our ability to advance the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

    Company Contact:
    info@alternativeballistics.com 
    www.alternativeballistics.com

    For Investor Inquiries, please contact:
    Hanover International, Inc.
    Kathy Cusumano, President
    ka@hanoverintlinc.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Surfshark’s no-logs policy verified by Deloitte again

    Source: GlobeNewswire (MIL-OSI)

    Cybersecurity company Surfshark just released its second no-logs assurance report. The independent verification by Deloitte confirms that Surfshark operates according to the highest privacy and quality standards, and reaffirms that users’ online activities are not logged or tracked.

    “In an era where digital privacy is constantly threatened, independent verification is a crucial pillar of trust for any digital services. This assessment demonstrates Surfshark’s proactive approach to privacy, showing that we are continually seeking ways to fulfill our promise of not tracking nor monitoring our users’ activity. Having Deloitte, one of the Big Four auditing firms, reconfirming that is a big confirmation of privacy and transparency to our current and future users,” says Donatas Budvytis, Chief Technology Officer at Surfshark.

    The recent assurance conducted by Deloitte involved a thorough examination of Surfshark’s systems and internal processes. As part of the evaluation, Deloitte conducted interviews with relevant personnel and reviewed supporting evidence to confirm adherence to Surfshark’s no-logs policy. The assessment included a review of various server types, such as standard, static, and multiport VPN servers. 

    Deloitte also evaluated Surfshark’s server configuration and deployment processes, inspected privacy-related settings and procedures, and verified that these align with the stated privacy policy. Furthermore, the assessment confirmed that Surfshark’s no-logs policy is consistently and effectively enforced across all applicable servers and infrastructure components. The detailed report (ISAE 3000) is available to all Surfshark users in their Surfshark account.

    Surfshark continues to drive security innovation across the security and privacy sector. Recently, Surfshark introduced public no-logs DNS servers. Surfshark DNS was created for privacy-conscious individuals and organizations, helping them to take the first step towards privacy and security by using this tool. The company has also announced an industry-first, patented technology called Surfshark Everlink. This is a supporting, self-healing infrastructure that ensures continuous VPN connectivity by seamlessly recovering dropped connections.

    ABOUT SURFSHARK

    Surfshark is a cybersecurity company offering products including an audited VPN, certified antivirus, data leak warning system, private search engine, and tool for generating an online identity. Recognized as a leading VPN by CNET and TechRadar, Surfshark has also been featured on the FT1000: Europe’s Fastest Growing Companies ranking. Headquartered in the Netherlands, Surfshark has offices in Lithuania and Poland. For information on Surfshark’s operations and highlights, read our Annual Wrap-up. For information about Surfshark’s previous independent verifications and certifications, visit our trust center.

    Attachment

    • surfshark_nologs

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Bitget PRO Program Launches Limited-Time PRO+2 Upgrade to Supercharge High-Volume and Institutional Traders

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 20, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange, and Web3 company, has announced a limited-time PRO+2 Level Upgrade Promotion alongside the announcement of Bitget PRO, an upgraded program designed to support the needs of institutional clients and high-frequency traders. Meant for eligible users, the promotion reinforces Bitget’s commitment to empowering professional traders with better rates, priority infrastructure, and exclusive perks.

    The Bitget PRO program introduces a dynamic tiered system built to streamline institutional access to lower fees, optimized API limits, exclusive loan and custody services, and expanded withdrawal limits. With the rise of algorithmic and institutional trading, Bitget PRO serves as a dedicated infrastructure layer that facilitates complex strategies and capital efficiency.

    “Institutional traders are shaping the future of digital finance through precision and scale. Bitget PRO is built to support their ambitions—offering advanced infrastructure and seamless access to tailored financial tools,” said Gracy Chen, CEO of Bitget. “Our time-limited PRO+2 upgrade is our way of welcoming top-tier participants into the program with minimal friction—unlocking superior benefits and showing our ongoing commitment to supporting institutional growth in crypto.”

    The PRO+2 Level Upgrade Promotion will run from July 2 to August 31, 2025, instantly boosting trading power for both new and existing users. Traders will be upgraded by two levels based on their June trading volume, while new users can apply for the same boost by submitting proof of past trading activity or asset holdings before August 15, 2025 (GMT+8). For example, approved traders currently tiered as PRO3, will get upgraded to receive PRO5 fee rates and benefits. This promotion allows eligible users to unlock up to PRO6-level benefits earlier than ever, including top-tier fee discounts, deeper liquidity, and personalized institutional support. Additional perks include improved fee structures on spot and futures, higher API rate limits, increased withdrawal caps, flexible sub-account management, and direct access to Bitget’s API team for real-time support.

    The Bitget PRO program is automatically assigned daily at 9:00AM (UTC+8), with qualification based on a user’s 30-day API trading volume. PRO1 and above require at least 20% of trades via API. Those who do not meet the criteria will revert to VIP tiers. This structure allows seamless mobility while rewarding activity and technical engagement.

    Earlier this year, Bitget strengthened its institutional offering with the launch of Institutional Lending, enabling up to 5x leverage on spot trading. Additional upgrades, including Unified Accounts and enhanced OTC services, reflect Bitget’s commitment to supporting professional traders with flexible, secure solutions.

    For more details on the Bitget PRO+2 Level Upgrade Promotion, visit here. For details on the Bitget PRO program in general, visit the official Bitget PRO Program page and direct inquiries to institution@bitget.com.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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

    For media inquiries, please contact: media@bitget.com

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8a6da46e-0407-43bb-b236-a93a5188d971

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Ask Sage Partners with DoD CDAO and U.S. Army to Provide Unlimited Access to Generative AI Across Combatant Commands, Joint Staff, and Office of the Secretary of Defense

    Source: GlobeNewswire (MIL-OSI)

    FRONT ROYAL, Va., June 20, 2025 (GLOBE NEWSWIRE) — Ask Sage, Inc., the leading Generative AI platform for government and commercial sectors, today announced a first-year, $10 million strategic partnership with the Department of Defense (DoD) Chief Digital and Artificial Intelligence Office (CDAO) and the U.S. Army. This collaboration marks a significant milestone in the DoD’s journey to accelerate the adoption of advanced Generative AI capabilities across its operations and represents continued federal investment in Ask Sage’s secure platform. As the first FedRAMP High, IL5, IL6 and Top Secret authorized solution, Ask Sage is uniquely model-agnostic, giving defense teams the freedom to adopt and scale the right LLMs for each mission without being locked into a single vendor ecosystem.

    The partnership significantly expands Ask Sage’s existing footprint within the Department of Defense, delivering unlimited access to the platform for all Combatant Commands (COCOMs), Joint Staff, and the Office of the Secretary of Defense (OSD) teams. It positions the company as the premier provider of Generative AI solutions for mission-critical operations. By scaling the Army Enterprise Large Language Model Workspace, powered by Ask Sage’s platform, the collaboration extends access to CUI-compliant and Secret, AI-powered workflows that support operational excellence and warfighter readiness.

    “This partnership represents major momentum in accelerating Generative AI adoption across the Department of Defense, including at the edge. With over 15,000 government teams across 27 agencies already leveraging Ask Sage, we are proud to expand access to our secure, scalable platform at IL5 and IL6,” said Nicolas Chaillan, CEO of Ask Sage. “By removing barriers to adoption, we’re empowering DoD teams and contractors to deploy advanced technologies at the pace of relevance, increasing their operational velocity by up to 35X. Together, we are driving innovation and mission success across the defense enterprise.”

    The Office of the Army’s Chief Digital and Artificial Intelligence Officer (CDAO) emphasized the importance of these capabilities in advancing the DoD’s mission: “The Department continues to accelerate the adoption of data, analytics, and AI to support its core mission sets. Over the last several years, CDAO with our mission and industry partners have led the development of core data and AI platforms. Through these investments, we have enabled users to integrate AI into workflows that occur within the data environments themselves. Recently, we have also partnered with the Army’s Enterprise Large Language Model (LLM) Workspace, powered by Ask Sage, to provide Joint users across the Combatant Commands, Office of the Secretary of Defense, and the Joint Staff access to industry-leading general purpose LLMs.”

    Ask Sage’s platform is already proving to be transformative through its deployment as a secure, accessible Generative AI solution for the Army. Since launching in May, notable accomplishments include reclassifying 300,000 personnel descriptions in just one week—saving over 50,000 hours of manual labor—automating acquisition workflows for RFIs, RFPs, and scopes of work, and strengthening cybersecurity through automated vulnerability testing. Ask Sage has also successfully streamlined the Authority to Operate (ATO) process for Combatant Commands, delivering 95% time and cost savings for the creation of required SSPs, NIST 800-53 controls, policies and procedures.

    Ask Sage’s partnership with the DoD CDAO and U.S. Army is part of a broader effort to accelerate the adoption of Frontier AI capabilities across the Department. This initiative aligns with the DoD’s focus on leveraging AI for mission-critical use cases, including command and control, decision support, operational planning, logistics, weapons development, intelligence activities, and cybersecurity.

    About Ask Sage, Inc.
    Ask Sage, Inc. is a leading provider of Generative AI solutions, specifically designed to meet the needs of the public sector, defense industrial base, and commercial enterprises. Offering a wide range of both commercial and open-source Large Language Models (LLMs), our platform is technology agnostic, enabling teams to leverage the best tools and models that suit their needs. With robust security features, the ability to handle a wide range of data types, and enhanced integrations, Ask Sage, Inc. is the go-to solution for organizations seeking to optimize their operations and harness the power of AI. www.asksage.ai

    The MIL Network –

    June 21, 2025
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