Category: Business

  • MIL-OSI: TopLine Financial Credit Union Partners With The Federal Home Loan Bank of Des Moines to Award $40,000 to Community Non-Profit Partners

    Source: GlobeNewswire (MIL-OSI)

    Member Impact Fund Grant Program Supports Affordable Housing and Community Development      

    MAPLE GROVE, Minn., June 17, 2025 (GLOBE NEWSWIRE) — TopLine Financial Credit Union, a Twin Cities-based member-owned financial services cooperative, in partnership with Federal Home Loan Bank of Des Moines (FHLB Des Moines), is pleased to announce that four Minnesota community non-profit organizations will each receive a $10,000 grant from the Member Impact Fund, for a total of $40,000 awarded. This matching grant program will result in FHLB Des Moines awarding $20 million in funding to support affordable housing and community development in Minnesota.

    The grant funds will be used to support a variety of funding gaps that are being experienced by four non-profits that TopLine Financial Credit Union is proud to partner with, and together dedicated to improving affordable housing and community development initiatives. Grants will support the following non-profits and initiatives:

    • Avenues for Youth: funds will be used to subsidize food expenses, as they are no longer receiving assistant from a community food shelf, and combined with inflation has led to rising expenses, estimated at $25,000 annually.   Avenues serves 300 youth/families annually (90% of the youth identify as BIPOC and 38% identify as LGBTQI+).
    • Karen Organization of Minnesota: funds will be used for a Summer Youth Chemical Dependency Program, to serve 33 young people. The program promotes experiential learning, and a case management team to assist clients in recovery and treatment.
    • Keystone Community Services: funds will support a Foodmobile program, a mobile food shelf that brings food directly to under-resourced neighborhoods across Ramsey County. It operates over 25 times each month, providing fresh produce, canned goods, and pantry staples at community centers, senior housing, schools, and health clinics.
    • Union Gospel Mission Twin Cities: funds will be used for the Naomi Family Program, which provides transitional shelter and wraparound support for women and children in crisis, to bridge them to stable housing and independence.

    “We extend our sincere gratitude to the Federal Home Loan Bank of Des Moines for their invaluable partnership. We deeply appreciate their Member Impact Fund initiative, which tripled the impact of TopLine’s community donations, supporting our local communities,” said Mick Olson, President and CEO of TopLine Financial Credit Union. “This grassroots local community give-back is a powerful testament to partners uniting in their unwavering commitment to support those in need and facing crisis.”

    TopLine was proud to personally present the funds to each non-profit partner, and on behalf of the Federal Home Loan Bank of Des Moines (FHLB Des Moines).

    “We are thrilled to receive this generous funding initiated by TopLine and triple-matched by FHLB. These funds for the Naomi Family Program will strengthen our ability to serve women and children experiencing homelessness as we walk alongside and equip them for a brighter future with financial stability and secure housing,” says Pam Stegora Axberg, CEO, Union Gospel Mission Twin Cities.

    “Food insecurity is at record levels, and the Keystone Foodmobile is a vital way we meet people where they are,” said Adero Riser Cobb, President and CEO of Keystone Community Services. “This support helps us reach more neighborhoods with healthy, culturally relevant food and break down barriers to access.”

    “The Member Impact Fund continues to be a powerful resource in supporting our members as they expand access to affordable housing and drive community development,” says Kris Williams, president and CEO of FHLB Des Moines. “It’s inspiring to see the partnerships centered around improving local communities in such a variety of ways.”

    Recipient organizations were selected based on the needs for grant funding to support capacity-building or working capital necessary to strengthen their ability to serve affordable housing or community development needs including job training, affordable housing, financial literacy, food banks and youth programs.

    Federal Home Loan Bank of Des Moines provides funding solutions to more than 1,200 members to support mortgage lending, economic development and affordable housing in the communities, serving 13 states and three U.S Pacific territories as a member-owned cooperative. The Member Impact Fund provides FHLB Des Moines members up to $3 for every $1 in matching grant donations to strengthen the ability of not-for-profits or government entities to support the needs of communities.

    FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank System. Members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions. FHLB Des Moines is wholly owned by its members and receives no taxpayer funding. For additional information about FHLB Des Moines, please visit www.fhlbdm.com.

    TopLine Financial Credit Union, a Twin Cities-based credit union, is Minnesota’s 9th largest credit union, with assets of over $1.1 billion and serves over 70,000 members. Established in 1935, the not-for-profit financial cooperative offers a complete line of financial services from its ten branch locations — in Bloomington, Brooklyn Park, Champlin, Circle Pines, Coon Rapids, Forest Lake, Maple Grove, Plymouth, St. Francis and in St. Paul’s Como Park — as well as by phone and online at www.TopLinecu.com. Membership is available to anyone who lives, works, worships, attends school or volunteers in Anoka, Benton, Carver, Chisago, Dakota, Hennepin, Isanti, Kanabec, Mille Lacs, Pine, Ramsey, Scott, Sherburne, Washington and Wright counties in Minnesota and their immediate family members, as well as employees and retirees of Anoka Hennepin School District #11, Anoka Technical College, Federal Premium Ammunition, Hoffman Enclosures, Inc., GRACO, Inc., and their subsidiaries. Visit us on our Facebook or Instagram. To learn more about the credit union’s foundation, visit www.TopLinecu.com/Foundation.

    CONTACT:
    Vicki Roscoe Erickson
    Senior Vice President and Chief Marketing Officer
    TopLine Financial Credit Union
    verickson@toplinecu.com | 763.391.0872

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c0e9c239-4105-42eb-8198-e7644dce7800

    The MIL Network

  • MIL-OSI: Siili Solutions Plc: Share Repurchase 17.6.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  17.6.2025
         
         
    Siili Solutions Plc: Share Repurchase 17.6.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           17.6.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             1 200 Shares
    Average price/ share    6,2600 EUR
    Total cost            7 512,00 EUR
         
         
    Siili Solutions Plc now holds a total of 13 698 shares
    including the shares repurchased on 17.6.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
    On behalf of Siili Solutions Plc    
         
    Nordea Bank Oyj    
         
    Sami Huttunen Ilari Isomäki  
         
    Further information:    
    CFO Aleksi Kankainen    
    Email: aleksi.kankainen@siili.com    
    Tel. +358 50 584 2029    
         
    www.siili.com    

    Attachment

    The MIL Network

  • MIL-OSI: Siili Solutions Plc: Share Repurchase 17.6.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  17.6.2025
         
         
    Siili Solutions Plc: Share Repurchase 17.6.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           17.6.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             1 200 Shares
    Average price/ share    6,2600 EUR
    Total cost            7 512,00 EUR
         
         
    Siili Solutions Plc now holds a total of 13 698 shares
    including the shares repurchased on 17.6.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
    On behalf of Siili Solutions Plc    
         
    Nordea Bank Oyj    
         
    Sami Huttunen Ilari Isomäki  
         
    Further information:    
    CFO Aleksi Kankainen    
    Email: aleksi.kankainen@siili.com    
    Tel. +358 50 584 2029    
         
    www.siili.com    

    Attachment

    The MIL Network

  • MIL-OSI: Siili Solutions Plc: Share Repurchase 17.6.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  17.6.2025
         
         
    Siili Solutions Plc: Share Repurchase 17.6.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           17.6.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             1 200 Shares
    Average price/ share    6,2600 EUR
    Total cost            7 512,00 EUR
         
         
    Siili Solutions Plc now holds a total of 13 698 shares
    including the shares repurchased on 17.6.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
    On behalf of Siili Solutions Plc    
         
    Nordea Bank Oyj    
         
    Sami Huttunen Ilari Isomäki  
         
    Further information:    
    CFO Aleksi Kankainen    
    Email: aleksi.kankainen@siili.com    
    Tel. +358 50 584 2029    
         
    www.siili.com    

    Attachment

    The MIL Network

  • MIL-OSI: Cyber A.I. Group Appoints Irving Bruckstein as Director of Global Technology Integration

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, NEW YORK and LONDON, June 17, 2025 (GLOBE NEWSWIRE) — Cyber A.I. Group, Inc. (“CyberAI” or the “Company”), an emerging growth Cybersecurity, Artificial Intelligence and IT services company engaged in the development of next-generation AI-driven Cybersecurity technology, announced today the appointment of Irving Bruckstein as Director of Global Technology Integration. Mr. Bruckstein brings over three decades of transformational IT leadership across higher education, enterprise and international markets.

    Irving Bruckstein will work in coordination with Dr. Peter J. Morales, CyberAI’s Chief Technology Officer. Mr. Bruckstein will advise and support CyberAI’s global integration initiatives focusing on harmonizing advanced technologies across enterprise environments, scaling secure infrastructure and aligning systems integration with the Company’s expanding global footprint. His appointment underscores CyberAI’s commitment to innovation, security and operational excellence as it prepares for the imminent launch of the Company’s next-generation AI-driven cybersecurity IP through its patent pending CyberAI Sentinel 2.0™ initiatives.

    CyberAI Sentinel 2.0™ represents a paradigm shift in Cybersecurity, committed to monetizing proprietary technology and providing clients with a holistic solution to cybersecurity threats by safeguarding digital assets. CyberAI Sentinel 2.0™ is delivering a cost-effective solution providing comprehensive Cybersecurity services for middle market companies on a global basis as part of CyberAI’s objective of achieving $100 million in revenues with an anticipated listing on the Main Market of the London Stock Exchange (LSE).

    “Irving is an extraordinary technologist and strategist with a rare ability to commercialize complex architectures into scalable, resilient global systems,” said A.J. Cervantes, Jr., Executive Chairman at CyberAI. “His deep experience leading enterprise-scale IT and Cybersecurity initiatives—particularly across advanced technology, cloud and infrastructure domains—makes him an ideal person to support our highly proactive global launch of our proprietary CyberAI Sentinel 2.0™ AI-driven Cybersecurity advanced technology.”

    Mr. Bruckstein currently serves as the Chief Information Officer and CISO at Washington College where he spearheads the Cybersecurity modernization and compliance with GLBA, FERPA, HIPAA, as well as a member of the Board of Directors at MDREN and the Cybersecurity Intelligence Authority. In past experience, Mr. Bruckstein served as CIO at Salve Regina University and held senior leadership roles at NYU, Columbia University and in private sector ventures. He has led billion-dollar campus buildouts, cloud and data center migrations and Cybersecurity modernization efforts across diverse environments in the US, UAE and beyond.

    “Cyber A.I. Group stands at the intersection of global Cybersecurity, AI innovation and digital infrastructure transformation—and I’m thrilled to join the team during such a pivotal time,” said Mr. Bruckstein. “There’s enormous opportunity to unify systems, scale intelligent architectures and build resilient global frameworks that enable secure and sustainable digital ecosystems. I look forward to working with this proactive technology team driving these initiatives forward.”

    During his time at NYU from 2010 to 2016, Mr. Bruckstein was the Senior Director of Global Technology Services where he oversaw and directed the full-stack technology implementation for a new multi-billion U.S. dollar campus build-out for NYU’s campus in Abu Dhabi. At Columbia University beginning in 2007, Mr. Bruckstein led IT infrastructure modernization across the university, including managing a $45 million technology portfolio and implemented virtualization, VoIP and SAN infrastructure at the university.

    Mr. Bruckstein holds an M.S. and B.S. in Computer Science from Hofstra University and has served on several national and regional technology advisory councils. He will report directly to the CTO and work closely with cross-functional teams as CyberAI builds out its CyberAI Sentinel 2.0 technology. Through AI innovation, CyberAI Sentinel 2.0™ is designed to empower enterprises with intelligent, adaptive and proactive protection while also leveraging CyberAI’s expanding customer base.

    About Cyber A.I. Group

    Cyber A.I. Group, Inc. (“CyberAI”) is a next-generation technology company pioneering the development of advanced, proprietary platforms at the intersection of Artificial Intelligence and Cybersecurity. With a mission to redefine how organizations protect, predict, and respond to digital threats, CyberAI is positioning patent pending technologies that enable autonomous threat detection, adaptive risk mitigation, and intelligent system resilience across enterprise and cloud environments. At the core of CyberAI’s innovation is a team of world-class technologists, data scientists, and cybersecurity experts dedicated to creating breakthrough solutions that are scalable, secure, and globally deployable. The company’s technologies are designed to address the most urgent and complex challenges facing today’s digital infrastructure—from AI-driven security orchestration to autonomous anomaly detection and predictive analytics for critical systems. CyberAI’s commitment to continuous innovation and deep IP development is positioning it at the critical merger between AI and the global cybersecurity landscape. By fusing artificial intelligence with real-world cyber defense expertise, the company aims to set new standards for intelligent infrastructure protection and digital trust. For more information, please visit: cyberaigroup.io

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/abff6299-661a-455a-9f71-4229e4969a39

    The MIL Network

  • MIL-OSI United Kingdom: Plymouth’s 2025 local climate legends revealed

    Source: City of Plymouth

    Residents across Plymouth have been nominating their local climate heroes, and the winners have now been unveiled. 

    Plymouth local climate legends winners

    Ranging from an eco-friendly school on a mission to change their school culture, a dedicated business finding innovative solutions, and youth, community and citizen legends who have been using their voice to empower others to make change.  

    Over 70 nominations were submitted uncovering amazing stories and triumphs showing the breadth of work going on. 

    The winners will be celebrated at The Big Green Trail on Saturday 21 June, a free event full of fun activities to take part in. 

    The winners are:  

    Business Legend 

    Stiltskin Children’s Theatre 

    Stiltskin Theatre have gone above and beyond ‘business as usual’ to reduce the carbon footprint of the theatre and has found endlessly creative insulation solutions to regulate heating and cool the building by 10 degrees! They have installed hot compost bins, created an award-winning community garden and implemented a zero to landfill waste solution, reusing materials at every opportunity. 

    Employee Legend 

    Sarah Lee 

    Sarah is a Senior Associate at Stride Treglown Architects where she advocates for carbon reduction in the built environment promoting opportunities for learning, upskilling and collaboration across the city. Sarah founded Future Plymouth 2030 and works tirelessly with schools; she actively empowers people with the knowledge and tools to make change and take positive climate action. 

    Citizen Legend 

    Ricky Lowes 

    Ricky, an active member of Climate Action Plymouth, has demonstrated her unwavering passion for looking after our world at a local level. From pursuing accessible active travel for all to challenging others to think differently, she is a leader inspiring those around her to take action for our city.  

    Rob Wick 

    Rob opened the social enterprise THINQTANQ over eight years ago and is a pioneer of several climate initiatives. Rob is always looking to find new community solutions and has since been supporting other social enterprises and collaborating with Fab City, all with a passion for making Plymouth a greener place. 

    Young Person Legend 

    Eva Wakeham 

    Eva, aged 10 years old, is a member of the Ocean City influencers group and has been using her voice to champion our ocean and the importance of climate change action in the home of Plymouth Sound National Marine Park. As part of the group, she has been involved in beach cleans, online blogging and filming. Eva is an inspiring role model and is always sharing her skillset with others to drive change. 

    School Legend 

    Heles Secondary School 

    Mike and Helen, two colleagues at Heles School have built an extraordinary sustainable school culture. Beyond teaching, they empower students to protect the planet, to think bigger, act bolder and care deeper. They have developed an outdoor classroom, been a part of rewilding projects, champion cycling to work and have joined the Green Schools Revolution. 

    Councillor Tom Briars-Delve, Cabinet Member for the Environment and Climate Change, said: “Huge congratulations to our winners, who have been recognised for all their contributions to helping Plymouth on its journey to net zero and the fact they go above and beyond for our planet. 

    “Thanks to the panel of judges for taking the time to select the winners and to all of those who nominated friends, neighbours and colleagues to highlight our worthy unsung heroes. 

    “This really is a huge achievement, and we will all come together to celebrate their awards at the Big Green Trail.” 

    MIL OSI United Kingdom

  • MIL-OSI USA: Grothman and Cruz Introduce Bicameral CREATE JOBS Act

    Source: United States House of Representatives – Congressman Glenn Grothman (R-Glenbeulah 6th District Wisconsin)

    Congressman Glenn Grothman (R-WI) joins Senator Ted Cruz (R-TX) in introducing the CREATE JOBS Act, a bicameral bill which will restore key pro-manufacturing provisions of the Tax Cuts and Jobs Act (TCJA), incentivizing domestic production and creating over one million full-time jobs for hardworking Americans.
    The CREATE JOBS Act would reinstate and make permanent two expired TCJA provisions that were vital in driving manufacturing growth and attracting investment back to the U.S. In addition, the bill applies neutral cost recovery for structures, such as factories. Taken together, these provisions will bolster manufacturing, raise wages, and create good-paying jobs.
    “The Tax Cuts and Jobs Act (TCJA) delivered major wins for American families and workers, but some of its most powerful tools for growth have already expired, hurting the competitiveness of the manufacturing industry,” said Grothman. “Wisconsin’s Sixth District is the most manufacturing intensive district in the country, so I’ve seen directly how this affects the hardworking men and women at home.
    “The bottom line is we must make these provisions permanent to support our manufacturers, restore what we know works, and expand policies that strengthen our economy and create jobs across the nation. After our workforce has suffered through inflation and economic turmoil over the past four years, I’m proud to join Senator Ted Cruz in introducing the CREATE JOBS Act to invest in American workers and grow our industrial base.”

    “As Congress considers extending immediate deductions for research and equipment, it’s long past time to give structures similar treatment. The 2017 tax cuts were a leap forward for investment, but they left buildings behind. By fixing that omission, the CREATE JOBS Act levels the playing field for all types of investment and unlocks capital for American manufacturing. Updating cost recovery for all investments is the single most pro-manufacturing, pro-growth reform Congress could include in reconciliation,” said Adam Michel, Director of Tax Policy Studies at the Cato Institute.

     

    “WMC thanks Rep. Grothman for his leadership making the Wisconsin and American economies pro-business.  One-hundred percent bonus deprecation and full-expensing of R&D costs were boons for economic growth across Wisconsin and the country following the passage of the 2017 Tax Cuts and Jobs Act.   Making these provisions permanent will provide predictability for business investments, make America more attractive for growth, and ultimately strengthen our economy.  The CREATE JOBS Act is common-sense policy that is positively pro-business and promotes job creation right here in Wisconsin and across America,” said Kurt Bauer, President & CEO at Wisconsin Manufacturers & Commerce (WMC).

     

    Background Information

     

    The CREATE JOBS Act would make permanent two key pro-manufacturing provisions of the TCJA and create further incentives to produce domestically.

    Specifically, the bill would make the bonus-depreciation and full-expensing for research and development (R&D) provisions of the TCJA permanent and apply neutral cost recovery to rental units and commercial structures, like factories.

    According to the Tax Foundation, these provisions would increase long-run GDP by 5.1 percent, increase wages by 4.3 percent, and create over one million full-time jobs for American workers.

    Senator Ted Cruz previously introduced this bill in 2020, 2021, and 2023.

    U.S. Rep. Glenn Grothman (R-Glenbeulah) is serving his fifth term representing Wisconsin’s 6th Congressional District in the U.S. House of Representatives. 

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Postal summit held

    Source: Hong Kong Information Services

    The 6th Mainland-Hong Kong-Macao Postal Summit was held in Hong Kong today where representatives from the three places engaged in business exchanges and in-depth discussions on key topics.

     

    Secretary for Commerce & Economic Development Algernon Yau delivered opening remarks at the summit.

    State Post Bureau Director General Zhao Chongjiu, China Post Group Co Chairman Liu Aili, Macao Post & Telecommunications Bureau Director Lau Wai Meng, and Postmaster General Leonia Tai gave speeches respectively, and joined Mr Yau in officiating at the summit’s opening ceremony.

     

    Seven important consensus were reached at the meeting, including collaboratively ensuring service support for the 15th National Games and jointly launching special products.

     

    In his opening remarks, Mr Yau said it is highly significant for the postal summit to be held in Hong Kong for the first time. Under the leadership of the State Post Bureau, the summit provides a sustainable and effective platform for the postal services of the three places to deepen communication and co-operation, enhance policy co-ordination and resource sharing, and promote integration and exchange in postal development.

    MIL OSI Asia Pacific News

  • MIL-OSI USA: Lufthansa Technik Puerto Rico Workers and Allies Hold Solidarity Rally Demanding a Fair Contract

    Source: US GOIAM Union

    IAM Union workers at Lufthansa Technik Puerto Rico (LTPR), standing shoulder to shoulder with union allies and community supporters, rallied outside the company’s Aguadilla facility this week to demand what they have earned: a fair contract that values their labor, safety, and dignity.

    For nearly three years, the skilled aviation workers at LTPR have been at the bargaining table – yet the company continues to stall, refusing to act in the best interests of its workers. While Lufthansa Technik profits off the professionalism and dedication of these workers, it has failed to offer a contract that reflects their worth or improves the lives of those who make its operations possible.

    “These workers have waited long enough,” said IAM Southern Territory General Vice President Craig Martin. “LTPR’s refusal to move on a fair contract is a blatant disregard for the very people who keep this company running. This fight is about respect, safety, and securing a better future for these families in Puerto Rico.”

    The rally brought together union members, community leaders, and allies who echoed the same message: enough is enough. The workers are demanding basic human needs that the company continues to neglect.

    “Lufthansa Technik has a choice: invest in the people who power your success or continue this pattern of delay and disrespect,” said IAM Air Transport Territory General Vice President Richie Johnsen. “Our members in Puerto Rico are standing strong – and the IAM stands with them. We will not back down until justice is delivered at the bargaining table.”

    In May 2022, over 200 aircraft mechanics and related workers at LTPR voted overwhelmingly to join the IAM Union, seeking a voice on the job and a fair deal. Since then, progress at the bargaining table has been stonewalled by the company’s refusal to come forward with meaningful proposals. The IAM requested federal mediation from the National Mediation Board in 2023 in response to the company’s continued inaction.

    This struggle has now drawn international solidarity. Verdi, a major German union representing Lufthansa workers across Europe, has called on Lufthansa AG – LTPR’s parent company – to step in and help end the contract dispute.

    “LTPR can’t hide from its responsibilities – this fight is global now, and the world is watching,” added Martin. “IAM Union members in Puerto Rico are not alone. The entire IAM Union family stands behind them.”

    The IAM Union is urging LTPR leadership to return to the table with real solutions that honor the value and professionalism of its workforce – not more empty promises.

    SEE PHOTOS

    The post Lufthansa Technik Puerto Rico Workers and Allies Hold Solidarity Rally Demanding a Fair Contract appeared first on IAM Union.

    MIL OSI USA News

  • MIL-OSI USA: Business Owner Sentenced After Receiving More than $1.6 Million in Funds from the CARES Act

    Source: United States Small Business Administration

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


    A former Oklahoma man with business ties in Florida was sentenced today after pleading guilty to four counts of bank fraud, announced U.S. Attorney Clint Johnson.

    U.S. District Judge Sara E. Hill sentenced Shawn Ray Murnan, 57, of Windemere, Florida, to 33 months imprisonment, followed by five years of supervised release. Judge Hill further ordered Murnan to pay $1,641,796.47 in restitution to the U.S. Small Business Administration (SBA).

    “In 2020, the CARES Act funding was established to provide emergency financial assistance to help businesses that were disrupted,” said U.S. Attorney Clint Johnson. “Investigators and prosecutors are committed to finding those like Murnan who steal government funding and prosecuting them to the fullest extent of the law.”

    From April 2020 through October 2021, Murnan admitted to falsifying several CARES Act applications to the SBA. Murnan was the owner of numerous business ventures in Oklahoma, Florida, and other states. He submitted 14 applications on behalf of his businesses, including Blujett, LLC, which was based in Broken Arrow. He submitted applications claiming to have several employees and falsified his payroll expenses. Murnan requested more than two million and successfully received $1,641,796.47 from seven Paycheck Protection Program loans and two Economic Injury Disaster Loans. After receiving the funds, Murnan applied for the loans to be forgiven.

    Previously released on bond, Murnan was taken into custody following the sentencing today, where he will remain pending transfer to the U.S. Bureau of Prisons.

    The Office of Inspector General for the Board of Governors of the Federal Reserve System and Consumer Financial Protection Bureau, the Office of Inspector General for the Small Business Administration, and the U.S. Treasury Inspector General for Tax Administration investigated the case. Assistant U.S. Attorney David Whipple prosecuted the case.

    The Fraud Section leads the Criminal Division’s prosecution of fraud schemes that exploit the Paycheck Protection Program (PPP). Since the inception of the CARES Act, the Fraud Section has prosecuted over 150 defendants in more than 95 criminal cases and has seized over $75 million in cash proceeds derived from fraudulently obtained PPP funds, as well as numerous real estate properties and luxury items purchased with such proceeds. More information can be found at Justice.gov/OPA/pr/justice-department-takes-action-against-covid-19-fraud.

    Related programs: COVID EIDL, Disaster, Pandemic Oversight, PPP

    MIL OSI USA News

  • MIL-OSI USA: IP Bryant, GVP Bennett Join IAM Local 2471 Members for Grand Opening of New Alstom Rail Manufacturing Facility

    Source: US GOIAM Union

    IAM leadership was on hand to join IAM Local 2471 (District 19) members as Alstom opened its newest operation, Car Body Shell Plant 4, in Hornell, New York. The $75 million manufacturing and testing facility brings railcar body manufacturing from Brazil back to Alstom’s facilities in the southern tier of western New York state. Alstom has pledged to retain union jobs and create more union jobs for IAM Union members working at this Hornell location.

    The funding was made possible in part by up to $7 million being made available through New York State, led by Gov. Kathy Hochul, as well as past state investments totalling up to $30 million.

    “This is telling our members that Alstom is making the investment so that they’re going to be here in Hornell, New York for future generations,” said IAM Union International President Brian Bryant. “I was honored to come here today to celebrate the grand opening of this facility, and we look forward to the day that this facility is at full capacity.”

    The first large order for the new facility is to manufacture 200 multilevel rail cars for Chicago’s Metra commuter rail lines. The newer cars will be equipped with modern internet features, greater capacity, and smoother rides.  

    The new plant features state-of-the-art, welding robots along an integrated assembly line. The robots will make tens of thousands of welds on each car shell making its way down the line, but human workers are needed to finish and check the automation process.

    “The company has told us that there is a high demand for welders here in Hornell that is hard to keep up with, and the IAM hopes to secure the wages, benefits, and compensation for these in demand crafts,” said IAM Union Resident General Vice President Jody Bennett. 

    Current IAM members at the existing plants in Hornell are completing the order for the newest Amtrak trainsets named the “Aveila Liberty.” These high speed trains will reach speeds of 160 miles per hour on Amtrak’s northeast corridor from Washington, D.C. to Boston. Twenty-eight “tilting” trains provide a smoother ride for customers, with updated modern conveniences, and one third more capacity over the existing Acela trainsets that are over a quarter century old. Aveila Liberty trainsets are expected to be in operation before fall of this year.

    “We make the train bodies in plant 1, plant 2 we build the traction motors, plant 3 is basically our warehouse,” said Alstom IAM Local 2741 Secretary/Treasurer Armin Bishop-Miller.  “Hopefully, when Plant 4 gets up and running the right way, we can get people in here and help this company grow.” 

    Hornell has a long history with the railroad industry, with the Erie Station headend connecting four different rail lines dating back to the 1860’s. Rail carriers have changed names over the years, but the tracks and legacy of this town’s roots in railroading are strong.

    The Hornell plant has delivered over 8,000 new or refurbished rail vehicles to customers across North America, including 1,000 subway cars to New York City Transit. Now with this fully integrated facility in the southern tier of New York State, and the fine craftsmanship of the IAM members, railcars will continue to roll out of the city of Hornell.

    Alstom Plant 4 Video

    The post IP Bryant, GVP Bennett Join IAM Local 2471 Members for Grand Opening of New Alstom Rail Manufacturing Facility appeared first on IAM Union.

    MIL OSI USA News

  • MIL-OSI USA: Cell Phone Service Provider Agrees to Pay $500,000 for Imposing Unlawful Charges on Military Servicemembers

    Source: US State of California

    The Justice Department announced today that Teleguam Holdings, LLC (GTA) has agreed to pay $500,000 to resolve allegations that it violated the Servicemembers Civil Relief Act (SCRA) by imposing fees on over 1,300 military servicemembers who terminated their cell phone service contracts because they had received military relocation orders.

    “Servicemembers will not be penalized because of their patriotic service to our country,” said Assistant Attorney General Harmeet K. Dhillon of the Justice Department’s Civil Rights Division. “We will vigorously prosecute companies that refuse to abide by federal law that protects our great men and women in uniform who actively serve to protect our Nation.”

    GTA will pay $450,000 in compensation to servicemembers, including double damages to servicemembers who paid GTA’s early termination charges, and a $50,000 civil penalty; and GTA will revise its policies to ensure that eligible military servicemembers can end their cell phone service contracts without illegal early termination charges.

    The Department’s enforcement of the SCRA is conducted by the Civil Rights Division’s Housing and Civil Enforcement Section in partnership with U.S. Attorneys’ Offices throughout the country. Since 2011, the Department has obtained over $482 million in monetary relief for over 148,000 servicemembers through its enforcement of the SCRA. For more information about the department’s SCRA enforcement efforts, please visit www.servicemembers.gov.

    Servicemembers and their dependents who believe that their rights under the SCRA may have been violated should contact the nearest Armed Forces Legal Assistance Program Office. Office locations can be found at legalassistance.law.af.mil.

    MIL OSI USA News

  • MIL-OSI Security: Cell Phone Service Provider Agrees to Pay $500,000 for Imposing Unlawful Charges on Military Servicemembers

    Source: United States Attorneys General

    The Justice Department announced today that Teleguam Holdings, LLC (GTA) has agreed to pay $500,000 to resolve allegations that it violated the Servicemembers Civil Relief Act (SCRA) by imposing fees on over 1,300 military servicemembers who terminated their cell phone service contracts because they had received military relocation orders.

    “Servicemembers will not be penalized because of their patriotic service to our country,” said Assistant Attorney General Harmeet K. Dhillon of the Justice Department’s Civil Rights Division. “We will vigorously prosecute companies that refuse to abide by federal law that protects our great men and women in uniform who actively serve to protect our Nation.”

    GTA will pay $450,000 in compensation to servicemembers, including double damages to servicemembers who paid GTA’s early termination charges, and a $50,000 civil penalty; and GTA will revise its policies to ensure that eligible military servicemembers can end their cell phone service contracts without illegal early termination charges.

    The Department’s enforcement of the SCRA is conducted by the Civil Rights Division’s Housing and Civil Enforcement Section in partnership with U.S. Attorneys’ Offices throughout the country. Since 2011, the Department has obtained over $482 million in monetary relief for over 148,000 servicemembers through its enforcement of the SCRA. For more information about the department’s SCRA enforcement efforts, please visit www.servicemembers.gov.

    Servicemembers and their dependents who believe that their rights under the SCRA may have been violated should contact the nearest Armed Forces Legal Assistance Program Office. Office locations can be found at legalassistance.law.af.mil.

    MIL Security OSI

  • MIL-OSI: CentralReach Named to Inc.’s Annual Best Workplaces List for the 4th Year in a Row

    Source: GlobeNewswire (MIL-OSI)

    Fort Lauderdale, FL, June 17, 2025 (GLOBE NEWSWIRE) — CentralReach, a leading provider of Autism and IDD Care software for ABA, multidisciplinary, and special education, today announced it has been named to Inc.’s 2025 Best Workplaces list, an annual list honoring U.S. companies with the most exemplary workplaces and vibrant cultures.

    This year, 514 companies were named to the Best Workplaces list. Following initial application, employees at the nominated companies received a Quantum Workplace Best Places to Work survey which included topics such as management effectiveness, perks, professional development, and overall company culture. Both employee survey responses and an audit of the organization’s benefits were used to determine each company’s final score and ranking on the list. 

    “Being named one of Inc.’s Best Places to Work for the fourth year in a row is an incredible honor and a testament to the exceptional culture our team has built and sustained,” said Chris Sullens, CEO of CentralReach. “At CentralReach, we believe that when you create an environment where smart, mission-driven people feel supported, challenged, and inspired, amazing things happen – for our customers, our company, and the autism and IDD community we serve. This recognition reinforces our belief that investing in our people is the most important investment we can make, and it fuels our continued commitment to making CentralReach not only the best place to work, but the best place to grow, lead, and make a difference.”

    CentralReach values healthy work-life balance, offering a hybrid workplace policy to allow flexibility. Whether working in-office or remotely, employees are equipped with the tools they need to succeed. Focusing on inclusion, CentralReach employs adults on the autism spectrum through its ReachOut Program to further its mission to serve those with autism and related IDDs. To emphasize the value of community engagement, CentralReach also offers employees a ‘CR Cares’ personal day each year for volunteerism, matching employee charitable donations. 

    In addition to being named to Inc. Best Workplaces list for the last four years, CentralReach’s industry-leading culture has been recognized by NJBIZ Best Places to Work and BuiltIn Best Places to Work three years in a row. 

    For a full list of this year’s Inc. 2025 Best Workplaces, visit: https://www.inc.com/best-workplaces/2025.

    About CentralReach

    CentralReach is a leading provider of autism and IDD care software, providing a complete, end-to-end software and services platform that helps children and adults diagnosed with autism spectrum disorder (ASD) and related intellectual and developmental disabilities (IDD) – and those who serve them – unlock potential, achieve better outcomes, and live more independent lives. With its roots in Applied Behavior Analysis, the company is revolutionizing how the lifelong journey of autism and IDD care is enabled at home, school, and work with powerful and intuitive solutions purpose-built for each care setting.

    Trusted by more than 200,000 professionals globally, CentralReach is committed to ongoing product advancement, market-leading industry expertise, world-class client satisfaction, and support of the autism and IDD community to propel autism and IDD care into a new era of excellence. For more information, please visit CentralReach.com or follow us on LinkedIn and Facebook.

    The MIL Network

  • MIL-OSI: Document Crunch Named to Inc.’s 2025 Best Workplaces List While Rapidly Expanding Headcount and Leadership

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, June 17, 2025 (GLOBE NEWSWIRE) — Document Crunch, the leading AI risk reduction platform for construction, has proudly earned a spot on Inc.’s 2025 Best Workplaces list, a prestigious honor awarded to companies with exceptional employee engagement, values-driven leadership, and thriving team cultures. This year’s list is the result of a comprehensive evaluation of American companies that excel in building exceptional workplaces and vibrant cultures to empower and support their people.

    “Our people power our success, so building and maintaining culture is the most important thing we do. Even through an incredible period of growth, we’ve been intentional about creating a workplace where people feel purpose, trust, and empowerment,” said Josh Levy, Co-Founder and CEO of Document Crunch. “Being named one of Inc.’s Best Workplaces validates our approach and our core values of being lionhearted, fiercely inspired, and growth-minded. These values and our investment in people are what allow us to continue to thrive.”

    The recognition comes at a time of continued exponential growth for Document Crunch. With headquarters in Atlanta, GA, and a hub in Austin, TX, Document Crunch has scaled its full-time employee count from 35 to 91 in the last 18 months while revenue has quadrupled. Over this same period of time, including its Series B in October 2024, Document Crunch made further investments in expanding its leadership team, adding additional functional leaders with extraordinary experience in scaling high performing teams. Additions to the team include:

    • Lee Harris, VP of Engineering, who brings deep experience in productizing cutting-edge AI technology within hyper-growth environments. He previously held VP of Engineering roles at Rev and Cart.com.
    • Chris Parish, VP of Revenue, who brings extensive sales leadership experience from Autodesk and PlanGrid, and specializes in building high-performing sales teams and creating scalable, repeatable processes to consistently drive revenue growth.
    • Will Magnuson, Senior Director of Sales—East, who brings extensive experience in accelerating sales teams and driving revenue growth from his time at TigerEye (CRO), PlanGrid, and Autodesk.
    • Tom Dixon, Director of Sales—West, who brings industry knowledge from his years in operations at McCarthy Building Companies, followed by building championship sales teams with proven track records at PlanGrid and Autodesk.
    • Kathryn Pribish, Senior Director of Product Marketing, who joins Document Crunch to lead positioning and go-to-market strategy, bringing proven impact at Spiceworks and as a strategic consultant to a ConTech startup.
    • Colleen Konetzke, Chief of Staff, who was formerly with Ironspring Ventures, one of Document Crunch’s seed investors, and joins Document Crunch to support executive strategy and operational alignment.
    • Sue Joyce, VP of People, who will guide Document Crunch’s next chapter of culture and talent development and previously held senior leadership roles at Terminus and Clearleap, acquired by IBM Cloud Video.

    These investments in additional leadership allow Document Crunch to maintain its exceptional culture through increased growth. The company also recently ranked No. 12 on the “Inc. Regionals: Southeast” list of fastest-growing private companies.

    The award process for Inc.’s 2025 Best Workplaces involved a detailed employee survey, conducted by Quantum Workplace, measuring key areas such as management effectiveness, professional development, benefits, perks, and overall engagement. Document Crunch is among just 514 companies named to the list this year. To view the full list of 2025 Inc. Best Workplaces, visit Inc.com.

    To learn more about Document Crunch and open positions, visit documentcrunch.com/careers.

    About Document Crunch
    Document Crunch is the construction industry’s leading AI risk reduction platform, transforming how teams manage risk from bid to closeout. Recognized with a 2024 AI Breakthrough Award and powered by CrunchAI, Document Crunch helps project teams review documents in seconds, guide decisions with built-in best practices, and assist with on-the-job questions and tasks. To learn more, visit documentcrunch.com.

    About Inc.
    Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of its community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit www.inc.com.

    For media queries, please contact:

    Press contact:
    Girish Jaggi
    The MicDrop Agency
    girish@themicdropagency.com
    +1 (289) 623 3627

    The MIL Network

  • MIL-OSI: RegEd Publishes Report on the Latest Trends in Producer Management and Compliance

    Source: GlobeNewswire (MIL-OSI)

    Raleigh, NC, June 17, 2025 (GLOBE NEWSWIRE) — RegEd, the market leader in enterprise producer management solutions for the insurance and financial services industry, today announced the release of its latest whitepaper, “Producer Management and Compliance: Insights on Distribution Management Trends, Technology and Opportunities.” The whitepaper summarizes findings from RegEd’s comprehensive industry survey and delivers a clear message: manual processes and fragmented technology continue to hinder the efficiency, compliance, and scalability of producer management across the insurance and financial services sectors. 

    Drawing responses from professionals in licensing, compliance, operations, and distribution across life, health, P&C, and specialty insurance, the survey exposes widespread inefficiencies and opportunities for transformation. More than 80% of respondents cited time-consuming, manual workflows as a primary challenge, with 61% pointing to ineffective technology tools. Meanwhile, just 4% reported having a fully integrated producer management system. 

    “This data reveals an inflection point for the industry,” said Jacob Spitzley, Director of Product Management at RegEd. “As regulatory complexity increases and competition for top producers intensifies, firms cannot afford the delays and risks that stem from outdated systems. Automation and integration have become table stakes – they’re mission-critical strategies for staying compliant, accelerating onboarding, and creating a frictionless producer experience that drives competitive advantage.” 

    Key Takeaways from the Survey Include: 

    • Manual Workflows Are Costly: 82% of firms report time-consuming manual processes; 50% still track compliance manually. 
    • Technology Gaps Remain: 64% rely on internally developed systems – and among them, 89% cite time-consuming or manual processes as a key challenge. 
    • Technology as Cost Savings Measure: 77% cite technology adoption as their most effective cost-management strategy. 
    • AI Adoption Lags: Just 15% currently use AI in producer management, though interest is growing. 
    • Onboarding Bottlenecks: 70% take one to two weeks to onboard new agents, and none report same-day onboarding – yet nearly half express only neutral satisfaction with their technology, suggesting many have adapted to inefficiencies rather than resolved them. 
    • Compliance Validation Needs Modernization: 67% still use manual checks at business placement, raising Not-in-Good-Order (NIGO) rates. 

    Despite these challenges, the report also highlights significant momentum toward modernization. Half of firms plan to invest significantly in producer management technology over the next few years, and many are beginning to explore managed services and AI-powered solutions to ease back-office burdens. 

    The whitepaper serves as both a benchmark and a roadmap for firms navigating an increasingly complex regulatory and operational landscape. It offers practical guidance for aligning with best practices and transforming producer management into a competitive advantage. 

    Visit here to download your copy of the full report. 

    About RegEd 

    RegEd is the market-leading provider of RegTech enterprise solutions with relationships with more than 200 enterprise clients, including 80% of the top 25 financial services firms. 

    Established in 2000 by former regulators, the company is recognized for continuous regulatory technology innovation with solutions hallmarked by workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation and compliance dashboards. The aggregate drives the highest levels of operational efficiency and enables our clients to cost-effectively comply with regulations and continuously mitigate risk. 

    Trusted by the nation’s top financial services firms, RegEd’s proven, holistic approach to RegTech meets firms where they are on the compliance and risk management continuum, scaling as their needs evolve and amplifying the value proposition delivered to clients. For more information, please visit www.reged.com.

    The MIL Network

  • MIL-OSI USA: Oregon Business Owner Pleads Guilty to Employment Tax Crimes

    Source: US State of Vermont

    An Oregon business owner pleaded guilty yesterday to not paying over employment taxes to the IRS.

    According to court documents and statements made in court, Joyce Leard owned and operated Mr. Tree Inc., a Happy Valley-based company that provided tree removal and landscaping services to customers. Mr. Tree advertised itself as being in business for thirty years, and the company employed approximately 50 to 75 employees each year. From 2017 through 2024, Leard also owned and operated Wall 2 Wall Hardwood Floors Inc, another Happy Valley-based company.

    Leard was responsible for withholding Social Security, Medicare and federal income taxes from the wages of her employees and then paying those funds over to the IRS each quarter. The timely payment of these taxes is critical to the functioning of the U.S. government, because, for example, they are the primary source of funding for Social Security and Medicare. The federal income taxes that are withheld from employees’ wages also account for a significant portion of all federal income taxes collected each year.

    From the fourth quarter of 2018 through the fourth quarter of 2020, Leard collected and withheld taxes from her employees’ wages but did not pay the funds over to the IRS or file quarterly payroll tax returns as required by law. Instead of paying over these payroll taxes, Leard used funds in her business bank account to purchase approximately $3.5 million of real estate, which was titled in her name.

    In total, Leard caused a tax loss to the United States of more than $1.5 million.

    Leard is scheduled to be sentenced on Oct. 6. She faces a maximum penalty of five years in prison as well as a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division made the announcement.

    IRS Criminal Investigation is investigating the case.

    Trial Attorneys J. Parker Gochenour and Megan E. Wessel of the Tax Division are prosecuting the case.

    MIL OSI USA News

  • MIL-OSI Security: Oregon Business Owner Pleads Guilty to Employment Tax Crimes

    Source: United States Attorneys General

    An Oregon business owner pleaded guilty yesterday to not paying over employment taxes to the IRS.

    According to court documents and statements made in court, Joyce Leard owned and operated Mr. Tree Inc., a Happy Valley-based company that provided tree removal and landscaping services to customers. Mr. Tree advertised itself as being in business for thirty years, and the company employed approximately 50 to 75 employees each year. From 2017 through 2024, Leard also owned and operated Wall 2 Wall Hardwood Floors Inc, another Happy Valley-based company.

    Leard was responsible for withholding Social Security, Medicare and federal income taxes from the wages of her employees and then paying those funds over to the IRS each quarter. The timely payment of these taxes is critical to the functioning of the U.S. government, because, for example, they are the primary source of funding for Social Security and Medicare. The federal income taxes that are withheld from employees’ wages also account for a significant portion of all federal income taxes collected each year.

    From the fourth quarter of 2018 through the fourth quarter of 2020, Leard collected and withheld taxes from her employees’ wages but did not pay the funds over to the IRS or file quarterly payroll tax returns as required by law. Instead of paying over these payroll taxes, Leard used funds in her business bank account to purchase approximately $3.5 million of real estate, which was titled in her name.

    In total, Leard caused a tax loss to the United States of more than $1.5 million.

    Leard is scheduled to be sentenced on Oct. 6. She faces a maximum penalty of five years in prison as well as a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division made the announcement.

    IRS Criminal Investigation is investigating the case.

    Trial Attorneys J. Parker Gochenour and Megan E. Wessel of the Tax Division are prosecuting the case.

    MIL Security OSI

  • MIL-OSI Africa: Empowering Türkiye’s Economic Future: Islamic Corporation for the Development of the Private Sector (ICD) and Golden Global Investment Bank Ink USD 20 Million Private Sector Financing Agreement

    The Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-ps.org) and Golden Global Investment Bank (the Bank) have entered into a landmark agreement to bolster economic growth in Türkiye. This new USD 20 million Commodity Murabaha Facility is designed to support private sector projects, with a special focus on small and medium-sized enterprises (SMEs) and corporates operating in the agriculture, ship construction and leasing sectors in the Republic of Türkiye.

    This strategic partnership highlights ICD’s dedication to fostering private sector development within its member countries. The facility provided by ICD will enable the Bank to fund a range of private sector projects, particularly in the agriculture, ship construction and operational leasing sectors, which will ultimately contribute to the economic development in Türkiye.

    Key Highlights of the Agreement:

    • Funding Amount: USD 20 Million
    • Target Sector: Private sector projects, especially Corporates and SMEs
    • Objective: Enhance the SME and Corporates landscape in Türkiye by providing essential resources for business growth and development
    • Strategic Alignment: Supports ICD’s Private Sector Channel Development Strategy

    The agreement underscores the critical role of private sector financing in economic development. By facilitating access to financial resources, the initiative will help bridge funding gaps for SMEs and corporate clients, driving innovation and fostering a more robust and diverse economy.

    Distributed by APO Group on behalf of Islamic Corporation for the Development of the Private Sector (ICD).

    For further details, please contact:
    Nabil El-Alami
    Communications & Corporate Marketing Division Manager
    nalami@isdb.org

    About Golden Global Investment Bank:
    Golden Global Investment Bank was established on 15 October 2019 with the permission on 29 May 2019 from the Banking Regulation and Supervision Agency and started its activities on 1 June 2020. The Bank performs all kinds of Investment Banking activities in accordance with the principles of interest-free finance (Sharia-compliant financing), without collecting deposits and funds through special current and participation accounts specified in the Banking Law and relevant legislation.

    About the Islamic Corporation for the Development of the Private Sector (ICD):
    ICD is a member of the Islamic Development Bank (IsDB) Group and focuses on supporting economic development and private sector growth in its member countries through Shariah-compliant financing and investment solutions. ICD also offers advisory services to foster the establishment, expansion, and modernization of private enterprises. The organization is highly rated by international credit agencies: A2 by Moody’s, A+ by Fitch, and A- by S&P.

    MIL OSI Africa

  • MIL-OSI Africa: South Africa Accelerates Drive to Expand Intra-African Trade through African Continental Free Trade Area (AfCFTA)

    South Africa has reaffirmed its commitment to harnessing the African Continental Free Trade Area (AfCFTA) to unlock new growth opportunities for local businesses and strengthen regional integration. Opening the IATF2025 South Africa Business Roadshow in Johannesburg, Mr. Humphrey Nwugo, Regional Director (Southern Africa) at Afreximbank (https://www.Afreximbank.com/), emphasised the urgency of mobilising concrete action. “This is the time to ensure that South Africa’s public and private sectors are not only present but strategically positioned to seize the immense opportunities that IATF2025 will present.”  

    Mr. Nwugo underscored South Africa’s pivotal role in the continent’s integration journey, citing its strong economic foundations, entrepreneurial energy, and institutional capacity – well positioned to integrate into African value chains. 

    “We are here to invite South Africa to lead. We want to see the country’s private sector on full display in Algiers,” he added. The Intra-African Trade Fair (IATF2025), set to take place in Algiers from 4–10 September 2025, is poised to be a landmark market event and gateway to unprecedented trade and investment prospects across Africa. 

    E. Wamkele Mene, Secretary General of the AfCFTA Secretariat, highlighted the critical importance of IATF2025, taking place amid global instability, climate change, and shifting trade dynamics. 

    “Despite these headwinds, Africa has the capacity to navigate the challenges, accelerate industrial development, and realise the vision of a fully integrated continent,” he said. 

    He stressed the urgency of building regional value chains in sectors like automotive and agribusiness, which offer vast potential for inclusive growth. Strengthening these interconnected ecosystems will support technology transfer, diversify intra-African trade, and create new opportunities for small and medium enterprises across the continent. 

    Speaking at the event, the Honourable Sihle Zikalala, Deputy Minister of Public Works and Infrastructure, noted South Africa’s strong positioning to drive industrialisation, innovation, and regional value chain development.  

    “South Africa views the AfCFTA as a historic opportunity to deepen economic ties with our neighbours, expand market access for our goods and services, and promote inclusive, job-rich growth,” said Minister Zikalala.  

    “The IATF2025 must be viewed as more than just a marketplace, and rather as a strategic tool for implementation, where policy meets practice. South Africa has a critical role to play in driving this vision, underpinned by entrepreneurial spirit, institutional strength, and a dynamic SMME ecosystem. Through partnerships and public-private collaboration, we can develop world-class infrastructure across Africa while reducing our reliance on foreign exchange by trading in our own currencies,” he added. 

    H.E Ms. Baleka Mbete, founder NaLHISA and former Deputy President of the Republic of South Africa was also in attendance. 

    The Roadshow convened over 350 business leaders, policymakers, creatives, and investors, as well as senior representatives from African Export-Import Bank (Afreximbank), the African Union Commission (AUC), and the AfCFTA Secretariat. Themed “Harnessing Regional and Continental Value Chains: Accelerating Africa’s Industrialisation and Global Competitiveness under the AfCFTA,” the event spotlighted strategies to build resilient supply chains and boost intra-African trade. 

    Accelerating intra-African trade is pivotal to unlocking industrial opportunities tailored to the continent’s strengths. It reduces dependence on external markets, builds economic resilience, and enables value addition within Africa. When African nations trade more with one another, they retain more wealth, create higher-quality jobs, and foster inclusive growth through regional value chains. 

    With the AfCFTA creating a single market of 1.4 billion people, Africa gains the scale and efficiency needed to compete globally. A stronger internal market also improves the continent’s bargaining power in international negotiations, strengthens its integration into global supply chains, and sets the stage for long-term economic transformation. 

    South Africa’s strong industrial base, advanced financial sector, and world-class infrastructure position it as a regional anchor for AfCFTA implementation. According to South African Revenue Service (SARS) and UN COMTRADE, South Africa recorded merchandise exports of $110.5 billion and imports of $113.2 billion in 2023, resulting in a modest trade deficit of $2.7 billion. Trade made up 65.7% of GDP (World Bank, 2023), demonstrating South Africa’s deep integration into global markets. 

    Notably, intra-African trade remained a national strength. As reported in Afreximbank’s 2024 African Trade Report, South Africa exported $29.6 billion and imported $9.6 billion from African partners, with intra-African exports comprising 26.8% of total exports. Key sectors such as automotive, agro-processing, and financial services are already benefiting and poised to grow further through regional integration and value chain expansion. 

    Dr. Gainmore Zanamwe, Director, Trade Facilitation and Investment Promotion, Afreximbank, highlighted ongoing efforts to enable seamless intro-Africa trade: “Afreximbank is deeply committed to unlocking Africa’s industrial and trade potential by building enabling ecosystems from financing to infrastructure and standards. Through platforms like the Africa Trade Gateway and Pan-African Payment and Settlement System (PAPSS), we are removing long-standing barriers to intra-African trade, allowing businesses to transact in local currencies and access real-time market intelligence.”  

    Dr. Zanamwe also emphasised the growing role of South Africa and Algeria in regional value chains, especially in manufacturing and automotive sectors. He encouraged South African companies to participate actively in IATF2025, pointing to over $13 billion in EPC (Engineering, Procurement and Construction) contracts facilitated by Afreximbank. He also highlighted funding vehicles such as the Fund for Export Development in Africa (FEDA), the Africa Direct Investment Initiative, and the $2 billion Export Agriculture for Food Security programme. 

    “IATF2025 is not just an exhibition – it’s a business gateway. With 2,000+ exhibitors, 35,000 visitors, and 140+ participating countries, we project over $44 billion in trade and investment deals. This is South Africa’s opportunity to lead,” he said. 

    In closing, H.E. Ambassador Ali Achoui, Algeria’s Ambassador to South Africa, extended a warm invitation to South African businesses: 

    “Welcome to Algeria – a country with the third-largest GDP in Africa, no external debt, and ranked first in Africa and the Arab world in achieving the United Nations Sustainable Development Goals. We are proud to host IATF2025 and are committed to facilitating streamlined visa processes by reducing documentation requirements to ease access for all African participants.” 

    Since 2018, IATF has secured more than $100 billion in trade deals, welcomed over 70,000 visitors, more than 4500 exhibitors and has become Africa’s most influential trade and investment platform. 

    The event will feature: 

    • A trade exhibition 
    • The Creative Africa Nexus (CANEX) showcase of fashion, music, film, sports, gastronomy, arts and craft, and literature 
    • A four-day Trade and Investment Forum 
    • The Africa Automotive Show 
    • Special Country Days and Global Africa Day celebrations 
    • B2B and B2G matchmaking 
    • The AU Youth Start-Up programme 
    • The Africa Research & Innovation Hub 
    • AfSNET to promote sub-national trade and cultural exchange 
    • IATF virtual. 

    To register for IATF2025 or learn more, please visit: www.IntrAfricanTradeFair.com 

    Distributed by APO Group on behalf of Afreximbank.

    Media Contact: 
    media@intrafricatradefair.com  
    press@afreximbank.com

    About the Intra-African Trade Fair:
    Organised by the African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission (AUC) and the AfCFTA Secretariat, the Intra-African Trade Fair (IATF) is designed to boost intra-African trade and investment. It provides a unique platform for businesses to connect, exchange trade and market information, and explore opportunities to scale across Africa. IATF is open to African and global companies committed to supporting the continent’s industrialisation and transformation. 

    About The Johannesburg Tourism Company (JTC):  
    JTC, the official sponsor of the IATF2025 South Africa Business Roadshow, is focused on promoting Johannesburg as a business and leisure destination and often supports various events within the city.  

    MIL OSI Africa

  • MIL-OSI United Kingdom: 2 brothers and father pay over £50,000 in confiscation orders

    Source: United Kingdom – Executive Government & Departments

    Press release

    2 brothers and father pay over £50,000 in confiscation orders

    The Environment Agency has successfully secured confiscation orders for over £50,000 for storing illegal material on a site in Skegness, Lincolnshire.

    Skegness site

    A Proceeds of Crime Act case was completed at Leeds Crown Court on Friday 13 June 2025.

    This followed the prosecution of the trio for failing to comply with an environmental permit between June 2015 and April 2017.

    On Friday (13 June), a confiscation order of £1,128 was imposed on Michael Todd, 65, of Leeds Road, Barwick-in-Elmet. He was given 3 months to pay or face a 6 week prison sentence.

    At a previous hearing on February 17 2025, the court imposed the following confiscation orders on:

    Thomas Todd, 36, of Steel Lane, Halifax, was ordered to pay £30,144.74 within 6 weeks or face an 8 month spell in prison.

    His brother, Jamie Todd, 44, of Wakefield Road, Drighlington, Leeds, received an order for £19,336.87 within 3 months or face a 6 month period in prison.

    Though the permit allowed for the processing of mixed waste, it required a fire prevention plan which was never properly implemented.

    Inspections found that waste was being stacked too high and too closely together, creating a fire risk. The waste had also become a health risk following an influx of mice and a problem with flies.

    As a result, the Environment Agency suspended the site’s permit, stopping new material from being brought in between December 2015 and February 2016.  Despite the suspension, the Todds continued to operate.

    Further visits officers between March and May 2016 found that there were no firebreaks between the waste.

    The trio previously received these sentences:

    In May 2023, Thomas and Jamie Todd were both sentenced to 8 months immediate custody and were disqualified from acting as a director of a business for 5 years.

    In May 2023, Michael Todd was sentenced to a 12-month Community Order with 15 rehabilitation activity requirement (RAR) days and 100 hours of unpaid work. He was also disqualified from acting a company director for 5 years.  

    A fourth man, Bryan Walker, 62, of Beckhill Vale, Leeds, was given a 12-month community order with 10 Rehabilitation Activity Requirement Days. He was also disqualified from acting as a director of a business for 5 years.

    A spokesperson for the Environment Agency said:

    “The case shows that we’re not just content to prosecute those who run illegal waste sites, we’ll also come after them to get back the profits they made from their illegal activities and to recoup taxpayers’ money spent on pursuing them. 

    “Waste crime can have a serious environmental impact which puts communities at risk and undermines legitimate business and the investment and economic growth that go with it. 

    “We support legitimate businesses and we are proactively supporting them by disrupting and stopping the criminal element backed up by the threat of tough enforcement as in this case. 

    “We continue to use intelligence-led approaches to target the most serious crimes and evaluate which interventions are most effective. 

    “If you see or suspect waste crime is being committed we urge you to report it immediately to CrimeStoppers on 0800 555 111.”

    Updates to this page

    Published 17 June 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: FDA to Issue New Commissioner’s National Priority Vouchers to Companies Supporting U.S. National Interests

    Source: US Department of Health and Human Services – 3

    For Immediate Release:
    June 17, 2025

    The U.S. Food and Drug Administration today announced its Commissioner’s National Priority Voucher (CNPV) program to enhance the health interests of Americans. The new voucher may be redeemed by drug developers to participate in a novel priority program by the FDA that shortens its review time from approximately 10-12 months to 1-2 months following a sponsor’s final drug application submission.
    The new CNPV process convenes experts from FDA offices for a team-based review rather than using the standard review system of a drug application being sent to numerous FDA offices. Clinical information will be reviewed by a multidisciplinary team of physicians and scientists who will pre-review the submitted information and convene for a 1-day “tumor board style” meeting.
    “Using a common-sense approach, the national priority review program will allow companies to submit the lion’s share of the drug application before a clinical trial is complete so that we can reduce inefficiencies. The ultimate goal is to bring more cures and meaningful treatments to the American public,” said FDA Commissioner Marty Makary M.D., M.P.H. “As a surgical oncologist, we often made multidisciplinary decisions with a team of doctors on major life-and-death questions for patients, incorporating the latest medical studies in a 1-day tumor board-style discussion. This voucher harnesses that model to deliver timely decisions for drug developers.”  
    The FDA plans in the first year of the program to give a limited number of vouchers to companies aligned with U.S. national priorities. In addition to receiving the benefits of this program, the agency may also grant an accelerated approval, if the product for which the voucher is used meets the applicable legal requirements for accelerated approval. The new review program will also include enhanced communication with the sponsor throughout the process. The FDA Commissioner will use specific criteria to make the vouchers available to companies that are aligned with the national health priorities of:

    Addressing a health crisis in the U.S.
    Delivering more innovative cures for the American people.
    Addressing unmet public health needs.
    Increasing domestic drug manufacturing as a national security issue.

    To qualify, sponsors must submit the chemistry, manufacturing, and controls (CMC) portion of the application and the draft labeling at least 60 days before submitting the final application. Sponsors must also be available for ongoing communication with prompt responses to FDA inquiries during the CNPV review. The FDA reserves the right to extend the review window if the data or application components submitted are insufficient or incomplete, if the results of pivotal trial(s) are ambiguous, or if the review is particularly complex.
    Vouchers can be directed by the FDA towards a specific investigational new drug of a company or be granted to a company as an undesignated voucher, allowing a company to use the voucher for a new drug at the company’s discretion and consistent with the program’s objectives.
    This program aims to accelerate the drug review process for companies aligned with U.S. national priorities while maintaining the FDA’s rigorous standards for safety, efficacy, and quality.
    “This approach capitalizes on frequent communication with sponsors, which can be a powerful tool in reducing wasted time. We are confident this more efficient process can be achieved without cutting any corners on safety or scientific evaluation,” said Principal Deputy Commissioner Sara Brenner, M.D., M.P.H.
    The CNPV program reflects the FDA’s commitment to create more efficient approval processes and modernize regulatory frameworks for greater agility to meet emerging public health needs.
    Related Information

    Related Information

    Consumer:888-INFO-FDA

    ###

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    The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation’s food supply, cosmetics, dietary supplements, radiation-emitting electronic products, and for regulating tobacco products.

    Content current as of:
    06/17/2025

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    MIL OSI USA News

  • MIL-OSI USA: FDA to Issue New Commissioner’s National Priority Vouchers to Companies Supporting U.S. National Interests

    Source: US Department of Health and Human Services – 3

    For Immediate Release:
    June 17, 2025

    The U.S. Food and Drug Administration today announced its Commissioner’s National Priority Voucher (CNPV) program to enhance the health interests of Americans. The new voucher may be redeemed by drug developers to participate in a novel priority program by the FDA that shortens its review time from approximately 10-12 months to 1-2 months following a sponsor’s final drug application submission.
    The new CNPV process convenes experts from FDA offices for a team-based review rather than using the standard review system of a drug application being sent to numerous FDA offices. Clinical information will be reviewed by a multidisciplinary team of physicians and scientists who will pre-review the submitted information and convene for a 1-day “tumor board style” meeting.
    “Using a common-sense approach, the national priority review program will allow companies to submit the lion’s share of the drug application before a clinical trial is complete so that we can reduce inefficiencies. The ultimate goal is to bring more cures and meaningful treatments to the American public,” said FDA Commissioner Marty Makary M.D., M.P.H. “As a surgical oncologist, we often made multidisciplinary decisions with a team of doctors on major life-and-death questions for patients, incorporating the latest medical studies in a 1-day tumor board-style discussion. This voucher harnesses that model to deliver timely decisions for drug developers.”  
    The FDA plans in the first year of the program to give a limited number of vouchers to companies aligned with U.S. national priorities. In addition to receiving the benefits of this program, the agency may also grant an accelerated approval, if the product for which the voucher is used meets the applicable legal requirements for accelerated approval. The new review program will also include enhanced communication with the sponsor throughout the process. The FDA Commissioner will use specific criteria to make the vouchers available to companies that are aligned with the national health priorities of:

    Addressing a health crisis in the U.S.
    Delivering more innovative cures for the American people.
    Addressing unmet public health needs.
    Increasing domestic drug manufacturing as a national security issue.

    To qualify, sponsors must submit the chemistry, manufacturing, and controls (CMC) portion of the application and the draft labeling at least 60 days before submitting the final application. Sponsors must also be available for ongoing communication with prompt responses to FDA inquiries during the CNPV review. The FDA reserves the right to extend the review window if the data or application components submitted are insufficient or incomplete, if the results of pivotal trial(s) are ambiguous, or if the review is particularly complex.
    Vouchers can be directed by the FDA towards a specific investigational new drug of a company or be granted to a company as an undesignated voucher, allowing a company to use the voucher for a new drug at the company’s discretion and consistent with the program’s objectives.
    This program aims to accelerate the drug review process for companies aligned with U.S. national priorities while maintaining the FDA’s rigorous standards for safety, efficacy, and quality.
    “This approach capitalizes on frequent communication with sponsors, which can be a powerful tool in reducing wasted time. We are confident this more efficient process can be achieved without cutting any corners on safety or scientific evaluation,” said Principal Deputy Commissioner Sara Brenner, M.D., M.P.H.
    The CNPV program reflects the FDA’s commitment to create more efficient approval processes and modernize regulatory frameworks for greater agility to meet emerging public health needs.
    Related Information

    Related Information

    Consumer:888-INFO-FDA

    ###

    Boilerplate

    The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation’s food supply, cosmetics, dietary supplements, radiation-emitting electronic products, and for regulating tobacco products.

    Content current as of:
    06/17/2025

    Follow FDA

    MIL OSI USA News

  • MIL-OSI: Subsea 7 – contract award offshore Norway

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 17 June 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial1 contract offshore Norway. 

    Subsea7’s scope includes engineering, procurement, construction and installation (EPCI) of pipeline bundles, spools, protection covers and tie-ins using key vessels from Subsea7’s fleet. 

    Project management and engineering will commence immediately at Subsea7’s offices in Stavanger, Norway and Aberdeen, Scotland. Fabrication of pipeline bundles will take place at Wester, Scotland. Offshore operations are expected to take place in 2025-2027.

    Erik Femsteinevik, Vice President for Subsea7 Norway said: “We are excited to have been awarded this project. Our collaboration with our clients leverages our collective experience from past and current projects. By engaging early in the field development process, we can optimise design solutions and contribute to a positive final investment decision. Subsea7 looks forward to a safe, efficient, and reliable field development.”

    No further details are disclosed at this time.

    1. Subsea7 defines a substantial contract as being between $150 million and $300 million.

    *******************************************************************************
    Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.

    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

    *******************************************************************************

    Contact for investment community enquiries:
    Katherine Tonks
    Investor Relations Director
    Tel +44 20 8210 5568
    ir@subsea7.com

    Contact for media enquiries:
    Jan Roger Moksnes
    Communications Manager
    Tel +47 41515777
    janroger.moksnes@subsea7.com
    www.subsea7.com

    Forward-Looking Statements: This document may contain ‘forward-looking statements’ (within the meaning of the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995). These statements relate to our current expectations, beliefs, intentions, assumptions or strategies regarding the future and are subject to known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements may be identified by the use of words such as ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘future’, ‘goal’, ‘intend’, ‘likely’ ‘may’, ‘plan’, ‘project’, ‘seek’, ‘should’, ‘strategy’ ‘will’, and similar expressions. The principal risks which could affect future operations of the Group are described in the ‘Risk Management’ section of the Group’s Annual Report and Consolidated Financial Statements. Factors that may cause actual and future results and trends to differ materially from our forward-looking statements include (but are not limited to): (i) our ability to deliver fixed price projects in accordance with client expectations and within the parameters of our bids, and to avoid cost overruns; (ii) our ability to collect receivables, negotiate variation orders and collect the related revenue; (iii) our ability to recover costs on significant projects; (iv) capital expenditure by oil and gas companies, which is affected by fluctuations in the price of, and demand for, crude oil and natural gas; (v) unanticipated delays or cancellation of projects included in our backlog; (vi) competition and price fluctuations in the markets and businesses in which we operate; (vii) the loss of, or deterioration in our relationship with, any significant clients; (viii) the outcome of legal proceedings or governmental inquiries; (ix) uncertainties inherent in operating internationally, including economic, political and social instability, boycotts or embargoes, labour unrest, changes in foreign governmental regulations, corruption and currency fluctuations; (x) the effects of a pandemic or epidemic or a natural disaster; (xi) liability to third parties for the failure of our joint venture partners to fulfil their obligations; (xii) changes in, or our failure to comply with, applicable laws and regulations (including regulatory measures addressing climate change); (xiii) operating hazards, including spills, environmental damage, personal or property damage and business interruptions caused by adverse weather; (xiv) equipment or mechanical failures, which could increase costs, impair revenue and result in penalties for failure to meet project completion requirements; (xv) the timely delivery of vessels on order and the timely completion of ship conversion programmes; (xvi) our ability to keep pace with technological changes and the impact of potential information technology, cyber security or data security breaches; (xvii) global availability at scale and commercially viability of suitable alternative vessel fuels; and (xviii) the effectiveness of our disclosure controls and procedures and internal control over financial reporting. Many of these factors are beyond our ability to control or predict. Given these uncertainties, you should not place undue reliance on the forward-looking statements. Each forward-looking statement speaks only as of the date of this document. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
    This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. 
    This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 17 June 2025 at 16:40 CET.

    Attachment

    The MIL Network

  • MIL-OSI: Dialbox Launches as Canada’s First AI-Powered Voice Answering Service

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 17, 2025 (GLOBE NEWSWIRE) — Dialbox, Canada’s first fully bilingual AI voice receptionist, launches today to help Canadian businesses instantly turn incoming calls into booked appointments and captured leads. Dialbox ensures no call goes unanswered, answering on the first ring, capturing leads, booking appointments, and increasing sales, all while maintaining PIPEDA compliance and local data residency.

    Key Highlights:

    • 24/7 Voice Answering: No hold queues, no missed leads, even after hours or on holidays.
    • Bilingual & Multilingual: Speaks English and French fluently.
    • Lead Capture & Bookings: Schedules and reschedules appointments, collects caller info, and integrates with calendars and CRMs.
    • Call Intelligence: Automatically generates call recordings, transcripts, and summaries.
    • Simple Pricing: Starts at $69/month with 25 free minutes, scalable plans available for growing teams, and no hidden fees.

    Designed for Different Industries from Trades to Tech

    Dialbox works for a range of sectors, from trades like plumbing and HVAC to IT, wellness, and professional services. It intelligently captures industry-specific caller details and escalates high-priority calls when needed. Each deployment is tailored to meet the communication needs of that specific industry.

    Why Now? Why Dialbox?

    Up to 80% of callers hang up on voicemail, costing businesses leads and revenue. Human receptionists are costly and inconsistent. Dialbox offers a cost-effective, always-on solution, with some users seeing ROI within their first month.

    Available Now Launch Offers

    Businesses across Canada can start today—no credit card required. Get:

    • 25 free minutes
    • Easy 5-minute setup: train AI, forward your number, and go live in minutes

    With affordable pricing tiers and enterprise-grade options, including advanced integrations, dedicated support, Dialbox caters to businesses of all sizes.

    Founder & CEO Mike Dawson says:

    “Dialbox is transforming how Canadian small businesses manage phone calls. Instead of losing valuable leads to voicemail, businesses can now leverage AI to engage every caller instantly and professionally. It’s efficient, affordable, and delivers immediate value for both businesses and their customers.”

    About Dialbox
    Founded in 2025, Dialbox is headquartered in Toronto and is the first AI voice receptionist specifically engineered for the Canadian market. Offering bilingual support, 24/7 availability, PIPEDA-compliant privacy, and seamless integrations, Dialbox transforms missed calls into business opportunities. 

    Website: https://dialbox.ca 

    The MIL Network

  • MIL-OSI: Notice on Convocation of Uab “Orkela” Bondholders’ Meeting on 10 July 2025 (ISIN Code Lt0000405961)

    Source: GlobeNewswire (MIL-OSI)

    Please be informed that, at the initiative of UAB “Orkela” (company code 304099538, registered address at Jogailos St. 4, Vilnius, Lithuania) (the Company) and by the decision of the bondholder’s representative UAB “AUDIFINA” (company code 125921757, registered address at A. Juozapavičiaus st. 6, Vilnius, Lithuania) (the Trustee), a meeting of the bondholders of the Company’s bond issue, ISIN code LT0000405961 (the Bonds), will be held on 10 July 2025 at 10:00 AM (the Meeting) at the St Jacobs Complex, Vasario 16-osios str. 1, Vilnius.

    The Company initiated the convening of the Meeting due to the high likelihood that, by the Redemption Date, the full completion of the St. Jacob’s building complex, located at Vasario 16-osios g. 1, Vilnius, will not be registered in accordance with all applicable procedures. Given the potential impact this may have on the Company’s financing capabilities, the Company is requesting an extension of the redemption deadline. Accordingly, the Company seeks approval from the Bondholders to extend the redemption date of the Bonds by three months, from the originally scheduled date of 19 July 2025 to 19 October 2025. For the final interest period (19 July 2025 to 19 October 2025), the Company will pay a higher annual interest rate of 9%. The Company emphasizes that the first-ranking mortgage on the real estate, established for the benefit of the Bondholders, will remain in full effect.

    A notice regarding the convening of the Meeting, which includes the agenda, the Company’s proposed decision for the Meeting, and other matters, is attached to this notice (along with the general voting ballot). These documents are also published on the Trustee’s website at https://www.audifina.lt/en/services/consulting-services/trustee-services/#viesi-pranesimai  and on the Company’s website at https://lordslb.lt/orkela_bonds/.

    We kindly ask all Bondholders to attend the Meeting and express their will regarding the Company’s proposed decision for the Meeting. If attendance is not possible, we kindly request that you consider voting in advance by completing the general voting ballot and submitting the document confirming your right to vote (and if applicable, the basis of representation) to the Trustee no later than 14:00 (Vilnius time) on 9 July 2025. The documents may be (i) delivered or sent by registered mail to A. Juozapavičiaus st. 6, Vilnius, Lithuania, or (ii) if the general voting ballot is signed with a qualified e-signature, sent along with the document confirming your right to vote (and if applicable, the basis of representation) by email to obligacijos@audifina.lt.

    If you have any questions regarding the notice (and its annex), the Meeting, or the items to be discussed at the Meeting before the scheduled date, please feel free to contact the Company (via email at info@lordslb.lt) or the Trustee (via email at obligacijos@audifina.lt).

    Anastasija Pocienė
    Director

    Attachments

    The MIL Network

  • MIL-OSI: Hola Prime Enhances Trader Edge with Powerful FX Replay Backtesting Tool

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, NY, June 17, 2025 (GLOBE NEWSWIRE) — Hola Prime, a leading proprietary trading firm recognized for its transparent, trader-first approach, has announced its partnership with FX Replay, offering traders access to one of the most advanced backtesting and market simulation tools available today.

    This new feature allows traders worldwide to replay historical market data in real-time conditions, providing a unique opportunity to refine strategies, improve execution, and build confidence – all without risking real capital.

    In trading, experience and practice are critical to success, but these often come at a high cost and require significant time. Somesh Kapuria, CEO of Hola Prime, emphasized the transformative potential of FX Replay, stating, “FX Replay is a powerful step forward for our traders. In trading, experience is the greatest teacher, but it’s often expensive and slow to gain. FX Replay compresses years of experience into weeks of hands-on practice, allowing traders to sharpen their edge before risking real capital. We are committed to providing every trader with the tools to succeed, and this partnership is a natural extension of that vision.”

    Sumedha Sharma, CFO of Hola Prime, highlighted the key features and practical benefits of FX Replay. She explained that the tool allows traders to slow down or speed up market action, rewind to crucial moments, and repeatedly test trade setups under varying conditions. For example, a trader who wants to master a breakout strategy can replay multiple historical breakout scenarios at different speeds to observe price behavior closely and refine entry and exit timing. Similarly, a scalper can simulate fast-paced market conditions repeatedly to improve reaction times and decision-making accuracy without the pressure of live trading. This hands-on, flexible approach helps traders understand the nuances of risk management, position sizing, and strategy robustness in a risk-free environment.

    Hola Prime’s FX Replay supports a wide range of assets, matching the firm’s diverse market offerings. This broad applicability allows traders to experiment with different instruments and timeframes, enhancing their overall market adaptability.

    To mark this launch, Hola Prime is providing special offers on FX Replay access bundled with challenges, encouraging traders to leverage this powerful learning tool as part of their journey to consistent profitability. Traders buying challenges between $10,000 and $50,000 will receive 50% off on FX Replay access for a month, while those purchasing accounts of $100,000 or more will get FX Replay access completely free for a month.

    Hola Prime continues to lead the proprietary trading industry by prioritizing speed, transparency, and innovation. The firm’s offering of FX Replay further cements its reputation for creating a comprehensive ecosystem designed to enhance trader success through education, technology, and support.

    For more information about FX Replay and Hola Prime’s challenges, visit www.holaprime.com.

    Social Links

    Instagram: https://www.instagram.com/holaprime_global/  

    YouTube: https://www.youtube.com/channel/UCtVEJa1Ml132Be7tnk-DjeQ  

    LinkedIn: https://www.linkedin.com/company/hola-prime/?viewAsMember=true  

    X: https://x.com/HolaPrimeGlobal  

    Discord: https://discord.gg/TJ7TcHPXBf  

    Quora: https://www.quora.com/profile/HolaPrime/  

    Reddit: https://www.reddit.com/user/HolaPrime/  

    Medium: https://medium.com/@social_46267  

    Media Contact

    Company: Hola Prime

    Contact: Media Team

    Email: marketing@holaprime.com

    Website: https://holaprime.com/

    The MIL Network

  • MIL-OSI Analysis: The use of federal troops to quell Los Angeles protests recalls militarized law enforcement during the Civil Rights Movement

    Source: The Conversation – USA – By Justin Randolph, Assistant Professor of U.S. History, Texas A&M University

    The National Guard and protesters stand off outside of a downtown jail in Los Angeles on June 8, 2025. Spencer Platt/Getty Images

    President Donald Trump activated 4,000 National Guard troops on June 10, 2025, to quell protests in Los Angeles over immigration raids – without the normal request from the state. He has also sent to Los Angeles hundreds of U.S. Marines, with the goal of protecting the unprecedented deportation operations by U.S. Immigration and Customs Enforcement.

    If this all feels exceptional, it should. Governors typically activate their own state troops, as Texas Gov. Greg Abbott said he would do on June 11 ahead of expected immigration protests.

    California quickly sued the president. A federal court has sided with the state, but an appeals court will weigh the Trump administration’s use of the U.S. code on armed services to activate the National Guard, which relies on protesters constituting either an “invasion” or “rebellion.”

    “What we’re witnessing is not law enforcement – it’s authoritarianism,”
    California Gov. Gavin Newsom said on June 10.

    Protesters report violent responses from Los Angeles police, too. Nonetheless, Newsom’s invocation of authoritarianism is apt.

    The last example of a president federalizing troops over the objection of a state government dates to Jim Crow segregation, a period marked by legal practices that routinely denied due process and citizenship rights to Black Americans in the South. In the 1960s, numerous Black freedom struggles took stands against this authoritarianism backed by militarized law enforcement.

    As a scholar of U.S. history, I’ve just completed a book on Jim Crow policing and the ways Black Americans fought back against racist law and order. I think the militarization of policing in Los Angeles opens important questions about democracy and state violence.

    Jim Crow dreams

    During the Civil Rights Movement, the federal government activated National Guard troops over Southern state objections when those states would neither enforce court orders nor protect protesters.

    In those cases, presidents protected people with the help of troops. In Trump’s case, he’s using troops to protect the government from protesters.

    The Trump administration’s vision of law enforcement aims for the type of militarized authority that state governments institutionalized under Jim Crow policing. If your political enemy is perceived more like an enemy combatant, the rules of legal procedure, especially due process, might not apply. Policing becomes war.

    When you see the words “Jim Crow,” your mind may jump to photos of racially segregated water fountains. But Jim Crow was far more than that. It was homegrown racial authoritarianism, or the repression of freedom of thought and action.

    Before troops enforced civil rights, Black Southerners saw the National Guard as an enemy rather than a friend.

    In the words of Ida B. Wells-Barnett after a white riot against Black residents in St. Louis, Missouri, in 1917, “The police were either indifferent or encouraged the barbarities. … The major part of the National Guard was indifferent or inactive. No organized effort was made to protect the Negroes or disperse the murdering groups.”

    Eisenhower sends in the troops

    The U.S. Supreme Court’s 1954 decision in Brown v. Board of Education changed things. It overturned the 1896 Plessy v. Ferguson decision that legalized racial segregation and ruled that segregated public school education was unconstitutional. This significantly altered the federal government’s responsibility in the South’s legal system of white supremacy.

    The first test came in Little Rock, Arkansas, in 1957. Though numerous school districts across the South quietly desegregated, Southern governors such as Arkansas’ Orville Faubus resisted the planned desegregation of Little Rock Central High School.

    Seven of nine Black students walk onto the campus of Central High School in Little Rock, Ark., with a National Guard officer as an escort on Oct. 15, 1957.
    AP Photo/File

    Faubus deployed the Arkansas National Guard to stop Black children at the door. For nearly three weeks, Guardsmen blocked the small group of Black students – known as the “Little Rock Nine” – who were supposed to attend the school before President Dwight Eisenhower federalized the Arkansas National Guard and ordered them to stand down.

    Eisenhower deployed U.S. Army riot troops to Little Rock under the Insurrection Act. In the end, the Little Rock Nine began their studies at Central High despite the much-photographed spitting from the white mob that surrounded the school.

    State troops, state rights

    Next came the desegregation of interstate transportation.

    In spring 1961, the Congress of Racial Equality, a civil rights advocacy group, sent buses of integrated passengers through the Deep South. White terrorists attacked Freedom Riders, as these activists became known, three times in Alabama.

    But state authorities had learned from the Little Rock experience. Southern governors in Alabama and Mississippi deployed the National Guard themselves. This time they intended to only minimally protect Freedom Riders to block federal law enforcement. In Mississippi, police arrested and prison guards tortured Freedom Riders in the state penitentiary. Mob violence killed no one.

    James Meredith, center, is escorted by federal marshals as he appears for his first day of class at the previously all-white University of Mississippi on Oct. 1, 1962.
    AP Photo, File

    The same was not true during the desegregation of public universities.

    When U.S. marshals arrived to enforce the court order enrolling James Meredith at the University of Mississippi in September 1962, a white riot erupted. State law enforcement withdrew from the scene. Two men died, and many more were injured.

    President John F. Kennedy federalized the Mississippi National Guard and sent them in to restore order. The next summer, he did the same in Tuscaloosa, Alabama, to preemptively halt a riot at the University of Alabama.

    The occasion became a publicity stunt for Alabama Gov. George C. Wallace. He temporarily blocked the entrance to Foster Auditorium, intent on stopping the court-ordered registration of three Black students.

    “I stand before you here today in place of thousands of other Alabamians whose presence would have confronted you,” Wallace said to federal authorities. A National Guard general said, “Sir, it is my sad duty to ask you to step aside under the orders of the President of the United States.”

    A National Guard general informs Alabama Gov. George C. Wallace that the guard was under federal control, as the two meet at Foster Auditorium at the University of Alabama in Tuscaloosa, Ala., on June 11, 1963.
    AP Photo, File

    Wallace also triggered the last federal use – until now – of the National Guard. Alabama’s Selma-to-Montgomery march began as a memorial to Jimmie Lee Jackson, a young Black civil rights activist who was killed by police on Feb. 26, 1965. The march became primarily a symbol for the year’s Voting Rights Act.

    In an important change, President Lyndon B. Johnson federalized the National Guard to protect marchers. State troopers and sheriff’s deputies had terrorized marchers, including John Lewis, who was almost beaten to death on Bloody Sunday, March 7, 1965.

    Democracy is in the streets

    The history of the National Guard in the South is an important part of what’s unfolding in Los Angeles and across the nation.

    For most of the National Guard’s history in the South, political leaders used domestic military power to preserve the interests of racial authoritarians, not racial egalitarians. Little Rock, Tuscaloosa, Selma: Those moments when troops protected racial justice protesters at home stand out as some of America’s most hopeful moments.

    Recent statements by Trump administration officials help illustrate how it envisions using military power in domestic law enforcement. On June 8, 2025, Homeland Security Secretary Kristi Noem asked Defense Secretary Pete Hegseth “to arrest rioters” – a request beyond the original order to protect ICE agents.

    And on June 12, Noem said that “the military people that are working on this operation … are staying here to liberate the city from the socialist and burdensome leadership that this governor and that this mayor have placed on this country.”

    The National Guard and Marines are reportedly protecting immigration enforcement. But what might happen if they directly interact with protests?

    With diverse tactics, protesters are halting business as usual because they see a mass-deportation regime terrorizing and disappearing people in their communities. U.S. courts tend to agree with their analysis but seem powerless to enforce even basic due process rights for those detained by ICE.

    These activists show the messy work of American social change. Their work may look like “anarchy” to even some Democrats. It may be maligned as “invasion” and “rebellion” by the Trump administration.

    But the calls to constrain ICE follow an American tradition of fighting authoritarianism.

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

    ref. The use of federal troops to quell Los Angeles protests recalls militarized law enforcement during the Civil Rights Movement – https://theconversation.com/the-use-of-federal-troops-to-quell-los-angeles-protests-recalls-militarized-law-enforcement-during-the-civil-rights-movement-258866

    MIL OSI Analysis

  • MIL-OSI United Kingdom: UN Human Rights Council 59: Joint statement for the Interactive Dialogue with the Commission of Inquiry on the Occupied Palestinian Territories, including East Jerusalem.

    Source: United Kingdom – Executive Government & Departments

    Speech

    UN Human Rights Council 59: Joint statement for the Interactive Dialogue with the Commission of Inquiry on the Occupied Palestinian Territories, including East Jerusalem.

    Joint statement for the Interactive Dialogue with the Commission of Inquiry on the OPTs. Delivered by the UK’s Human Rights Ambassador, Eleanor Sanders.

    Mr President, this statement is on behalf of Australia, Canada, New Zealand, Norway and the UK.

    We regret that the Commission of Inquiry was established on an open-ended basis, against usual practice. Nevertheless, we remain committed to upholding human rights, and we support the Commission in undertaking proportionate scrutiny of the situation in Israel and the Occupied Palestinian Territories.

    We oppose the Israeli Government’s escalating military action in Gaza, and reject its intention to take control of the Gaza strip. 55,000 Palestinians have been killed, including many women and children. The Israeli hostages held by Hamas continue to suffer an unimaginable ordeal.

    The human suffering in Gaza is intolerable; all of Gaza is at risk of famine. We strongly urge Israel to enable food and other critical supplies to reach people safely, and at scale, to address increasing urgent needs. Attacks on UN and other aid workers are outrageous and must be investigated.

    In the West Bank, violent settlers assault and abuse Palestinians. We have announced further sanctions on individuals and entities promoting violence against these communities and will continue to take appropriate action.

    We continue to call on all parties to urgently agree to a ceasefire/hostage deal; the best hope of ending the agony of the hostages and their families, alleviating civilian suffering in Gaza, ending Hamas control and supporting a two-state solution.

    Updates to this page

    Published 17 June 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: Malliotakis Leads Bipartisan Legislation to Strengthen U.S. Medical & Pharmaceutical Supply Chains

    Source: United States House of Representatives – Congresswoman Nicole Malliotakis (NY-11)

    (WASHINGTON, D.C.) – Congresswoman Nicole Malliotakis introduced the Medical Supply Chain Resiliency Act alongside Rep. Brad Schneider (D-IL) and Senators  Chris Coons (D-DE), Thom Tillis (R-NC), John Cornyn (R-TX), and Michael Bennet (D-CO). This bicameral and bipartisan legislation would authorize the United States to negotiate Trusted Trade Partner Agreements, aimed at reducing barriers that discourage manufacturing in the U.S. and partner countries. These agreements would also promote regulatory cooperation and other key trade provisions.

     

    To qualify as a Trusted Trade Partner, countries must demonstrate a commitment to global health security, uphold trade agreement compliance, protect U.S. intellectual property, and take steps to reduce trade barriers while promoting sound regulatory practices. Some potential candidates include Singapore, Indonesia, Ireland, Poland, and Switzerland.

     

    The legislation aims to strengthen global medical supply chains, enhancing U.S. national security and public health while ensuring preparedness for future pandemics. It empowers the U.S. Trade Representative to negotiate Trusted Trade Partner Agreements, reducing barriers like tariffs and quotas that discourage manufacturing in the U.S. and allied nations. Additionally, it promotes regulatory cooperation and expands access to government procurement opportunities.

     

    “If COVID taught us anything it is that it’s crucial that we reduce our reliance on foreign nations, especially adversaries like Communist China, for essential lifesaving supplies such as pharmaceuticals and medical devices. Strengthening domestic production will enhance national security, ensure a stable supply of critical medications and medical equipment, and protect Americans from future disruptions,” said Rep. Nicole Malliotakis.

    “The Medical Supply Chain Resiliency Act is a critical step toward ensuring that America’s healthcare providers have reliable access to the essential supplies they need, by strengthening trade partnerships with our allies and expanding domestic manufacturing, we can enhance our nation’s preparedness for future health challenges. I’m proud to support this bipartisan effort to reinforce our medical supply chains and protect public health,” said Senator Thom Tillis.

    “During the pandemic, the U.S. faced severe shortages of medical supplies due to overreliance on foreign adversaries like China, this legislation would allow the U.S. to engage in trade negotiations with trusted allies for medical goods and services, helping ensure we’re better prepared to respond to future global health crises,” said Senator John Cornyn.

    “Life-threatening shortages of testing kits, drugs, and masks during the COVID-19 pandemic showed us just how fragile our medical supply chains are. If we are caught off-guard like we were during COVID once again, more Americans will die, working with our most trusted trading partners to make our supply chains more resilient will strengthen our response to future public health emergencies while ensuring health care providers have access to essential medical products and patients have access to life-saving care,” said Senator Chris Coons.

     

    “The Chamber strongly supports the Medical Supply Chain Resilience Act, which will strengthen supply chains for medical goods and services while bolstering manufacturing in the U.S. and among our close allies and partners. Enhancing the resilience of medical supply chains is important to both our public health and our national security,” said the U.S. Chamber of Commerce Senior Vice President for International Policy John Murphy.

     

    “The Medical Supply Chain Resiliency Act is the type of positive approach to trade America must embrace to deepen its economic partnerships with key allies. By empowering the United States Trade Representative to negotiate new agreements with trusted trade partners, the United States has the opportunity to strengthen supply chain security, support U.S. innovation and jobs, and, ultimately, improve health outcomes. It is critically important that the United States collaborate with its allies to support the public health demands of our populations and prepare to meet the challenges of the next global health emergency. NFTC applauds Senators Tillis, Coons, Cornyn, and Bennet for championing this legislation, and urges Congress to support its swift passage,” said National Foreign Trade Council (NFTC).

     

    Earlier this year, Malliotakis reintroduced the Supply Chain Security and Growth Act of 2025, bipartisan legislation that would leverage Investment Tax Credits (ITCs) to facilitate a rapid movement of critical U.S. supply chains to Puerto Rico from less desirable and unreliable locations such as China with Reps. Jimmy Panetta (CA-19), Vern Buchanan (FL-16), Nydia Velazquez (NY-07), Mike Kelly (PA-16), Mike Lawler (NY-17) and Resident Commissioner Pablo Hernandez (PR-AL).

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