NewzIntel.com

Category: Business

  • MIL-OSI USA: Hagerty Reintroduces Legislation to Ban Sanctuary Cities From Receiving Federal Subsidies

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty

    Representative Ralph Norman is leading the effort in the U.S. House of Representatives

    WASHINGTON—Last week, United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, reintroduced the No Community Development Block Grants for Sanctuary Cities Act, legislation to amend the Housing and Community Development Act of 1974 to prevent sanctuary cities from receiving federal subsidies. Representative Ralph Norman (R-SC-05) has introduced companion legislation in the U.S. House of Representatives.

    “Cities that encourage illegal immigration shouldn’t be rewarded with federal housing subsidies,” said Senator Hagerty. “The Trump administration has made it clear that illegal immigration will not be tolerated anywhere in the United States, and cities that defy American sovereignty will face the consequences. I’m pleased to reintroduce this legislation that prevents taxpayer dollars from flowing to sanctuary cities that refuse to enforce the law.”

    “It’s simple: if you’re going to ignore federal immigration law, don’t expect to get a dime of federal tax dollars,” said Congressman Norman. “Sanctuary cities are putting politics over public safety, and that’s unacceptable. This bill makes clear that cities choosing to harbor illegal immigrants at the expense of public safety will no longer receive taxpayer money.”

    Full text of the No Community Development Block Grants for Sanctuary Cities Act can be found here.

    MIL OSI USA News –

  • MIL-OSI USA: Yale Budget Lab Finds Bottom 80% Of U.S. Households Lose Under Trump/Republican Agenda

    Source: United States House of Representatives – Representative Don Beyer (D-VA)

    Last week during a hearing by the House Committee on Ways and Means, Secretary of Treasury Scott Bessent responded to questioning about deficit effects of H.R. 1 by Rep. Don Beyer (D-VA) by suggesting that the bill would be fully offset through revenue raised by tariffs imposed on other countries by President Trump [as Beyer pointed out, this claim did not account for interest on debt accrued by the bill].

    Numerous studies have found that the cost of tariffs, which are taxes on imports, are ultimately paid by consumers in the form of higher prices. Yale Budget Lab subsequently released updated economic analysis studying the combined distributional effects of Trump’s tariffs and H.R. 1 on household incomes, which found that these combined policies “would reduce after-tax-and-transfer incomes on average among the bottom 80 percent of U.S. households,” with the bottom ten percent of households seeing “an average reduction of more than 6.5 percent in incomes, while those at the top would see an increase of nearly 1.5 percent.”

    Beyer, who serves as Senior House Democrat on Congress’ Joint Economic Committee, issued the following statement on Yale Budget Lab’s findings:

    “The Trump-Republican agenda is a massive transfer of wealth to the richest people in the country from everyone else, with the middle class losing while billionaires rake in enormous gains. As Trump’s tariffs crush working families with higher prices, Republicans are poised to raise the costs of health care, energy, and housing, while kicking 16 million people off their health care. These stunningly immoral and irresponsible policies inflict the most damage on those with the least ability to absorb it, and severely worsen the danger of both a recession and a fiscal crisis. This is a disaster for our economy and our country.”

    CHART: Combined effects of H.R. 1 as passed in the House and Trump’s tariffs (Chart by Yale Budget Lab, original may be found here):

    The regressive distributional effects are the effect of regressive policy. Center on Budget and Policy Priorities analysis found the House-passed H.R. 1 “would cut health coverage by over $1 trillion and SNAP by nearly $300 billion, while giving the wealthy $1.6 trillion in tax cuts.”

    The net effect of these policies is a drag on the economy. Goldman Sachs finds “the hit to growth from tariffs will more than offset the boost to growth from” the House-passed Republican tax bill.

    Chart via Goldman Sachs Global Investment Research

    MIL OSI USA News –

  • MIL-OSI USA: CASTOR LEADS FLORIDA DEMOCRATS IN URGING FLORIDA SENATORS TO OPPOSE HOUSE-PASSED BUDGET BILL THAT WOULD INFLICT OUTSIZED HARM ON FLORIDIANS

    Source: United States House of Representatives – Reprepsentative Kathy Castor (FL14)

    Today, U.S. Rep. Kathy Castor (FL-14) and other Florida House Democrats urged Florida Senators Rick Scott and Ashley Moody to oppose the costly and destructive House Republican budget bill, which will strip health coverage away from over 1.8 million Floridians, an outsized impact on hardworking families in the Sunshine State.

    “The House Republican budget bill will hurt the State of Florida, our families and providers more than any other state. We urge you to stand up for Floridians and oppose the bill that inflicts outsized harm on the State of Florida,” wrote the Members.

    Florida, which has the nation’s highest ACA marketplace enrollment, is expected to have an estimated 1.86 million people lose their ACA and Medicaid coverage, over one-tenth of the 16 million individuals expected to lose their coverage nationwide.

    The members continued, “Florida families value and appreciate affordable health coverage. Over 4.7 million Floridians selected an affordable marketplace plan for 2025—almost one-fifth of the nation’s 24.2 million enrollees. Thanks to the Affordable Care Act (ACA), individuals cannot be discriminated against for a pre-existing condition and cannot be dropped by their health insurance company. Florida’s uninsurance rate has fallen by nearly 10%, and approximately 1 out of 3 Floridians (6.725 million) have enrolled in an ACA marketplace plan since 2014, more than any other state. As a reflection of our entrepreneurial state, 31% of Florida marketplace enrollees are self-employed or small business owners, and nearly 9 out of 10 of those individuals receive premium tax credits. The House Republican budget bill would make ACA coverage much more expensive, drive up premiums and hurt family budgets at a time they are grappling with rising costs. Therefore, we urge you to stand up for Florida families and their pocketbooks and oppose the House Republican budget bill.”

    “We urge you to oppose the House Republican budget bill and instead work on advancing policies that will benefit Floridians’ health, quality of life and pocketbooks.”

    Read the letter here and below:

    The Honorable Rick Scott

    United States Senator

    The Honorable Ashley Moody

    United States Senator

    RE: Reconciliation Budget Inflicts Outsized Harm to Floridians – Urge Opposition to House Republican Budget Bill

    Dear Senators Scott and Moody:

    As fellow members of the Florida delegation, we strongly urge you to oppose the House-passed reconciliation bill that will strip health coverage away from 16 million Americans and raise the cost of health care overall to provide massive tax breaks to billionaires. Importantly, the House Republican budget bill will hurt the State of Florida, our families and providers more than any other state. We urge you to stand up for Floridians and oppose the bill that inflicts outsized harm on the State of Florida.

    Florida families value and appreciate affordable health coverage. Over 4.7 million Floridians selected an affordable marketplace plan for 2025—almost one-fifth of the nation’s 24.2 million enrollees. Thanks to the Affordable Care Act (ACA), individuals cannot be discriminated against for a pre-existing condition and cannot be dropped by their health insurance company. Florida’s uninsurance rate has fallen by nearly 10%, and approximately 1 out of 3 Floridians (6.725 million) have enrolled in an ACA marketplace plan since 2014, more than any other state. As a reflection of our entrepreneurial state, 31% of Florida marketplace enrollees are self-employed or small business owners, and nearly 9 out of 10 of those individuals receive premium tax credits. The House Republican budget bill would make ACA coverage much more expensive, drive up premiums and hurt family budgets at a time they are grappling with rising costs. Therefore, we urge you to stand up for Florida families and their pocketbooks and oppose the House Republican budget bill.

    If the Senate adopts the bill and takes no action to extend the enhanced ACA premium tax credits, Florida families will be hit hard – over 4 million families will be faced with much higher copayments and premiums. For example, a 60-year-old Florida couple making $82,000 

    would see their annual premiums increase from $6,790 to over $26,248. These added costs will outweigh any tax savings for working families. Similarly, a Florida family of four earning $64,000 per year would see their ACA premiums increase by $2,571, but estimates show a Florida family of four with similar earnings would only benefit from $1,476 in tax breaks. This would leave that family with $1,095 less in their pocketbooks at a time when the cost of living is soaring.

    Along with not extending the essential ACA enhanced premium tax credits, the bill includes many other provisions designed to make it more difficult for individuals to find and keep marketplace coverage – an unnecessary bureaucratic squeeze with cruel results for Floridians. This includes more burdensome paperwork requirements, fewer and shorter enrollment periods, financing changes to cost-sharing reductions and nuisance fees—all provisions whose only effect is to increase the number of people without insurance. The paperwork requirements will be costly for the state to administer, add millions of hours of bureaucracy to the process and lead to individuals being wrongfully terminated, as we saw during Florida’s grim Medicaid redetermination period. According to President Trump’s own analysis, “coverage losses are expected to be concentrated in nine States,” including Florida. Florida, which has the nation’s highest marketplace enrollment, is expected to have an estimated 1.86 million people lose their ACA and Medicaid coverage, over one-tenth of the 16 million individuals expected to lose their coverage nationwide.

    We have also heard from hospitals, nursing homes and other health care providers in our districts about the harm that would come from the changes to State-Directed Payments and provider financing. These payments are a lifeline for hospitals that treat a high volume of Medicaid managed care beneficiaries, particularly in a state like Florida that reimburses Medicaid providers at 48 cents for every dollar spent providing care. These initiatives help address the shortfall and bridge the gap for entities operating on razor thin margins. Florida hospitals are currently operating at a shortfall of about $3.67 billion, but without these initiatives, the shortfall would grow to $5.7 billion. The House Republican budget bill would hamstring states and take away an important tool for safety-net providers to care for their patients. Reduced federal Medicaid dollars would also blow a hole in the State of Florida’s budget, leaving the state to make tough decisions about cutting essential but optional benefits like home- and community-based services and mental health care; lowering provider reimbursement rates, exacerbating workforce shortages and leading to rural hospital closures; and/or stripping people from their health coverage.

    The Big Ugly bill includes many other harmful provisions that would slash food assistance benefits, increase energy prices and utility bills, and make college less affordable for Floridians. It is fiscally irresponsible and morally wrong – and adds over $2.4 trillion to the nation’s deficits over the next decade as the GOP turns a blind eye to a balanced budget for decades to come. That’s shameful and will drive higher inflation and widespread economic harm – all because House Republicans aim to give major tax breaks to the wealthy and the well-connected. The health care provisions, however, will especially hurt Floridians more than the citizens of any other state. A healthy and productive America depends upon healthy access to affordable care at the right time, in the right place, and by the right provider for everyone. We urge you to oppose the House Republican budget bill and instead work on advancing policies that will benefit Floridians’ health, quality of life and pocketbooks.

    Sincerely,

    ###

    MIL OSI USA News –

  • MIL-OSI: Nasdaq Announces Results from 2025 Annual Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    All 12 Nominated Directors Elected

    Nasdaq Board Re-elects Adena T. Friedman as Chair of the Board

    NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: NDAQ) shareholders elected all nominated directors at the company’s Annual Meeting of Shareholders on Wednesday, June 11, 2025. All directors will serve one-year terms. The elected board members are:

    • Melissa M. Arnoldi, EVP and General Manager for Business Solutions, AT&T Inc.
    • Charlene T. Begley, Retired SVP and CIO, General Electric Company
    • Adena T. Friedman, Chair and CEO, Nasdaq
    • Essa Kazim, Governor, Dubai International Financial Centre
    • Thomas A. Kloet, Retired CEO and Executive Director, TMX Group Limited
    • Kathryn A. Koch, President and CEO, The TCW Group, Inc.
    • Holden Spaht, Managing Partner, Thoma Bravo
    • Michael R. Splinter, Retired Chairman and CEO, Applied Materials, Inc.
    • Johan Torgeby, President and CEO, Skandinaviska Enskilda Banken (SEB)
    • Toni Townes-Whitley, CEO, Science Applications International Corp. (SAIC)
    • Jeffery W. Yabuki, Chairman and CEO, InvestCloud; Chairman and Founding Partner, Motive Partners
    • Alfred W. Zollar, Former Executive Partner, Siris Capital Group, LLC

    The Nasdaq Board of Directors also re-elected Adena T. Friedman as Chair of the Board for a one-year term.

    In addition, Nasdaq shareholders approved the following proposals:

    • The company’s executive compensation on an advisory basis;
    • Ratification of the appointment of Ernst & Young LLP as Nasdaq’s independent registered public accounting firm for the fiscal year ending December 31, 2025; and
    • An amendment to Nasdaq’s Amended and Restated Certificate of Incorporation to allow for the limited exculpation of officers of Nasdaq.

    For additional information on Nasdaq’s corporate governance, please visit: https://ir.nasdaq.com/corporate-governance/nasdaq-inc/board-of-directors.

    About Nasdaq:

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

    Nasdaq Media Contact:

    Nick Jannuzzi
    +1.973.760.1741
    Nicholas.Jannuzzi@Nasdaq.com

    Investor Relations Contact:

    Ato Garrett
    +1.212.401.8737
    Ato.Garrett@Nasdaq.com

    -NDAQF-

    The MIL Network –

  • MIL-OSI: Nasdaq Announces Results from 2025 Annual Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    All 12 Nominated Directors Elected

    Nasdaq Board Re-elects Adena T. Friedman as Chair of the Board

    NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: NDAQ) shareholders elected all nominated directors at the company’s Annual Meeting of Shareholders on Wednesday, June 11, 2025. All directors will serve one-year terms. The elected board members are:

    • Melissa M. Arnoldi, EVP and General Manager for Business Solutions, AT&T Inc.
    • Charlene T. Begley, Retired SVP and CIO, General Electric Company
    • Adena T. Friedman, Chair and CEO, Nasdaq
    • Essa Kazim, Governor, Dubai International Financial Centre
    • Thomas A. Kloet, Retired CEO and Executive Director, TMX Group Limited
    • Kathryn A. Koch, President and CEO, The TCW Group, Inc.
    • Holden Spaht, Managing Partner, Thoma Bravo
    • Michael R. Splinter, Retired Chairman and CEO, Applied Materials, Inc.
    • Johan Torgeby, President and CEO, Skandinaviska Enskilda Banken (SEB)
    • Toni Townes-Whitley, CEO, Science Applications International Corp. (SAIC)
    • Jeffery W. Yabuki, Chairman and CEO, InvestCloud; Chairman and Founding Partner, Motive Partners
    • Alfred W. Zollar, Former Executive Partner, Siris Capital Group, LLC

    The Nasdaq Board of Directors also re-elected Adena T. Friedman as Chair of the Board for a one-year term.

    In addition, Nasdaq shareholders approved the following proposals:

    • The company’s executive compensation on an advisory basis;
    • Ratification of the appointment of Ernst & Young LLP as Nasdaq’s independent registered public accounting firm for the fiscal year ending December 31, 2025; and
    • An amendment to Nasdaq’s Amended and Restated Certificate of Incorporation to allow for the limited exculpation of officers of Nasdaq.

    For additional information on Nasdaq’s corporate governance, please visit: https://ir.nasdaq.com/corporate-governance/nasdaq-inc/board-of-directors.

    About Nasdaq:

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

    Nasdaq Media Contact:

    Nick Jannuzzi
    +1.973.760.1741
    Nicholas.Jannuzzi@Nasdaq.com

    Investor Relations Contact:

    Ato Garrett
    +1.212.401.8737
    Ato.Garrett@Nasdaq.com

    -NDAQF-

    The MIL Network –

  • MIL-OSI: Dime Continues to Execute on Growth Plan with the Hire of Shawn Gines

    Source: GlobeNewswire (MIL-OSI)

    HAUPPAUGE, N.Y., June 16, 2025 (GLOBE NEWSWIRE) — As part of the continued execution of its growth plan, Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced today that Shawn Gines will join Dime as Executive Vice President, Corporate and Specialty Finance.

    Mr. Gines will play an integral role in the continued buildout and diversification of Dime’s commercial lending businesses, including growing Dime’s presence with corporate clients and private equity firms, overseeing the recently launched Fund Finance vertical, and building out other specialty verticals which over time will further diversify Dime’s balance sheet.

    Stuart H. Lubow, President and Chief Executive Officer of Dime, said, “We are excited to announce the hiring of Shawn, who will be one of the cornerstones of our growth plans in the years ahead. Shawn is a very well-known and well-regarded banker with a strong track record. Dime continues to be the bank of choice for talented bankers.”

    “Shawn’s diverse experience in the geographies and asset classes we’re building out will significantly accelerate our execution,” said Tom Geisel, Dime’s Senior Executive Vice President of Commercial Lending.

    Gines, who will be based in Manhattan, was most recently Regional President for the NYC and New Jersey Metro Markets for Webster Bank. Previously, he was Senior Managing Director and led a Middle Market Commercial group at Sterling National Bank. Early in his career, Mr. Gines was employed at GE Capital and Bank of America where he held various roles with increasing responsibility.

    ABOUT DIME COMMUNITY BANCSHARES, INC.

    Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and the number one deposit market share among community banks on Greater Long Island (1).

    Dime Community Bancshares, Inc.
    Investor Relations Contact:
    Avinash Reddy
    Senior Executive Vice President – Chief Financial Officer
    Phone: 718-782-6200; Ext. 5909
    Email: avinash.reddy@dime.com

     ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets.

    The MIL Network –

  • MIL-Evening Report: Ice Age shelter high up in the Blue Mountains reveals Aboriginal heritage from 20,000 years ago

    Source: The Conversation (Au and NZ) – By Erin Wilkins, Aboriginal Cultural Educator, Trainer and Facilitator, Indigenous Knowledge

    Artist’s impression of Dargan Shelter as it would have looked during the last Ice Age. Painting by Leanne Watson Redpath

    Travel back 20,000 years into the last Ice Age, to a time when the upper reaches of the Blue Mountains were treeless and the ridgelines and mountain peaks laden in snow and ice.

    At an elevation of 1,073 metres, you will find Dargan Shelter, an ancient rock shelter resembling a large amphitheatre. Looking around, you could easily assume this cold and barren high country was too difficult for people to spend time in.

    But our new research, published today in Nature Human Behaviour, indicates Dargan Shelter was occupied as early as the last Ice Age and repeatedly visited during this cold period.

    Our excavation results provide the earliest known evidence of high-altitude occupation in Australia, establishing the Blue Mountains as Australia’s most archaeologically significant periglacial landscape – that is, an area which goes through seasonal freezing and thawing.

    Cultural perspectives

    This is a highly significant landscape concentrated with tangible and intangible cultural values for Aboriginal people.

    For millennia, Aboriginal people have passed down the knowledge and stories of Country.

    Knowing our Ancestors have lived here, in this Country, for thousands of years was on our minds as the team headed down into the site where we would sit alongside our Ancestors of yesterday.

    We chose this site because of its location on a known Aboriginal travelling route, high elevation and its potential to hold deep deposits.

    Archaeologically, a deep and undisturbed deposit is one of the most important things to look for. The sediment buildup over time preserves cultural material, and allows us to reconstruct past activities by associating cultural objects within distinct layers or bands of time.

    Members of the season 3 team at Dargan Shelter. Back to front, left to right: Tyrone Pal, Rodney Lawson, Wayne Brennan, Duncan Wright, Eitan Harris, Juliet Schofield, Michael Spate, Wayne Logue, Lauren Roach, Rebecca Chalker, Dominic Wilkins, Phil Piper, Amy Way, Imogen Williams.
    Amy Way

    When we enter the site, we pay respects to the Country and Ancestors before us. As part of the opening of the site for the archaeological works, a lyrebird song and dance were performed and, magically, a handful of lyrebirds began approaching the cave and singing out as if they were communicating between the current and old worlds through song.

    We do not know who exactly the Aboriginal people who moved through the Blue Mountains in the deep past were, nor where they came from. But Dargan Shelter was probably an important stopover point for people to attend gatherings and ceremonies that could have included people from the western interior, the Cumberland coastal plains, and Country to the north and south.

    Finds from the Dargan Shelter excavation

    New evidence provides definitive proof of repeated occupation in this once frozen high-altitude landscape. It is now believed to be the oldest occupied site in Australia at high elevation.

    We unearthed 693 stone artefacts, including 117 flakes from stratigraphic layers older than 16,000 years, and documented a small amount of faded rock art, including a child-sized hand stencil and two forearm stencils.

    Charcoal from hearths (campfires) underwent radiocarbon dating, indicating Dargan Shelter had been continuously occupied since 22,000 to 19,000 years ago.

    Stone artefacts excavated at Dargan shelter dating to the last ice-age, showing the range of non-quartz raw material used during that time. (A) hornfels; (B) black quartzite hammerstone from the Hunter region; (C) exotic coarse grained unidentified siliceous stone possibly from Jenolan; (D) Local Burragorang claystone; (E) exotic fine grained siliceous stone possibly from Jenolan;
    Amy Way

    Among the findings, most of the stone tools were locally sourced and made. But, very interestingly some stones from the Jenolan Caves area, approximately 50 kilometres to the south-west, and the Hunter Valley region, 150 km to the north, were also found. This indicates people were travelling into this mountainous region from both the north and south.

    We found a sandstone grinding slab, dated to 13,000 years ago, consistent with shaping bone or wooden artefacts such as needles, awls, bone points and nose points. A basalt anvil with impact marks consistent with cracking hard woody nuts and seed shells was dated to 8,800 years ago.

    Greater Blue Mountains and world heritage

    The Blue Mountains was listed as a UNESCO (United Nations Educational, Scientific and Cultural Organization) World Heritage area in 2000 for its outstanding biodiversity values.

    Although the cultural heritage is remarkably intact and connected with an environmental system and natural features, the parallel nomination for cultural values listing failed due to a paucity of archaeological and cultural heritage information.

    Our new research should be considered in a nomination for the UNESCO World Heritage area to also encompass cultural heritage alongside biodiversity.

    The Blue Mountains landscape shrouds a silent yet rich tapestry of Aboriginal heritage.

    Our people have walked, lived and thrived in the Blue Mountains for thousands of years. The mountains are a tangible connection to our Ancestors who used them as a meeting place for sharing, storytelling and survival. They are a part of our cultural identity.

    We need to respect and protect our heritage for the benefit of all Australians.

    Archaeological works in progress: Imogen Williams, Rebecca Chalker and Tyrone Pal excavating the Ice Age layers.
    Amy Way

    Our results align Australia for the first time with ice age data from the world’s other inhabited continents, including sites in other places not traditionally thought of as cold climates, such as Mexico and Spain.

    We now have a truly global story of people entering and living in high-altitude landscapes during the last ice age.

    The continuation of research projects like this one, and the invaluable evidence it provides across the region, will allow Aboriginal people with connections to the Blue Mountains to begin to stitch back together much of the history and many of the stories that until now have had gaps.

    The more we discover and piece together the movements, ceremonies and stories, the stronger we are as a community.

    Amy Mosig Way receives funding from the Australian Museum Foundation and is a Senior Lecturer at the University of Sydney.

    Erin Wilkins, Leanne Watson, and Wayne Brennan do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Ice Age shelter high up in the Blue Mountains reveals Aboriginal heritage from 20,000 years ago – https://theconversation.com/ice-age-shelter-high-up-in-the-blue-mountains-reveals-aboriginal-heritage-from-20-000-years-ago-247358

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Ice Age shelter high up in the Blue Mountains reveals Aboriginal heritage from 20,000 years ago

    Source: The Conversation (Au and NZ) – By Erin Wilkins, Aboriginal Cultural Educator, Trainer and Facilitator, Indigenous Knowledge

    Artist’s impression of Dargan Shelter as it would have looked during the last Ice Age. Painting by Leanne Watson Redpath

    Travel back 20,000 years into the last Ice Age, to a time when the upper reaches of the Blue Mountains were treeless and the ridgelines and mountain peaks laden in snow and ice.

    At an elevation of 1,073 metres, you will find Dargan Shelter, an ancient rock shelter resembling a large amphitheatre. Looking around, you could easily assume this cold and barren high country was too difficult for people to spend time in.

    But our new research, published today in Nature Human Behaviour, indicates Dargan Shelter was occupied as early as the last Ice Age and repeatedly visited during this cold period.

    Our excavation results provide the earliest known evidence of high-altitude occupation in Australia, establishing the Blue Mountains as Australia’s most archaeologically significant periglacial landscape – that is, an area which goes through seasonal freezing and thawing.

    Cultural perspectives

    This is a highly significant landscape concentrated with tangible and intangible cultural values for Aboriginal people.

    For millennia, Aboriginal people have passed down the knowledge and stories of Country.

    Knowing our Ancestors have lived here, in this Country, for thousands of years was on our minds as the team headed down into the site where we would sit alongside our Ancestors of yesterday.

    We chose this site because of its location on a known Aboriginal travelling route, high elevation and its potential to hold deep deposits.

    Archaeologically, a deep and undisturbed deposit is one of the most important things to look for. The sediment buildup over time preserves cultural material, and allows us to reconstruct past activities by associating cultural objects within distinct layers or bands of time.

    Members of the season 3 team at Dargan Shelter. Back to front, left to right: Tyrone Pal, Rodney Lawson, Wayne Brennan, Duncan Wright, Eitan Harris, Juliet Schofield, Michael Spate, Wayne Logue, Lauren Roach, Rebecca Chalker, Dominic Wilkins, Phil Piper, Amy Way, Imogen Williams.
    Amy Way

    When we enter the site, we pay respects to the Country and Ancestors before us. As part of the opening of the site for the archaeological works, a lyrebird song and dance were performed and, magically, a handful of lyrebirds began approaching the cave and singing out as if they were communicating between the current and old worlds through song.

    We do not know who exactly the Aboriginal people who moved through the Blue Mountains in the deep past were, nor where they came from. But Dargan Shelter was probably an important stopover point for people to attend gatherings and ceremonies that could have included people from the western interior, the Cumberland coastal plains, and Country to the north and south.

    Finds from the Dargan Shelter excavation

    New evidence provides definitive proof of repeated occupation in this once frozen high-altitude landscape. It is now believed to be the oldest occupied site in Australia at high elevation.

    We unearthed 693 stone artefacts, including 117 flakes from stratigraphic layers older than 16,000 years, and documented a small amount of faded rock art, including a child-sized hand stencil and two forearm stencils.

    Charcoal from hearths (campfires) underwent radiocarbon dating, indicating Dargan Shelter had been continuously occupied since 22,000 to 19,000 years ago.

    Stone artefacts excavated at Dargan shelter dating to the last ice-age, showing the range of non-quartz raw material used during that time. (A) hornfels; (B) black quartzite hammerstone from the Hunter region; (C) exotic coarse grained unidentified siliceous stone possibly from Jenolan; (D) Local Burragorang claystone; (E) exotic fine grained siliceous stone possibly from Jenolan;
    Amy Way

    Among the findings, most of the stone tools were locally sourced and made. But, very interestingly some stones from the Jenolan Caves area, approximately 50 kilometres to the south-west, and the Hunter Valley region, 150 km to the north, were also found. This indicates people were travelling into this mountainous region from both the north and south.

    We found a sandstone grinding slab, dated to 13,000 years ago, consistent with shaping bone or wooden artefacts such as needles, awls, bone points and nose points. A basalt anvil with impact marks consistent with cracking hard woody nuts and seed shells was dated to 8,800 years ago.

    Greater Blue Mountains and world heritage

    The Blue Mountains was listed as a UNESCO (United Nations Educational, Scientific and Cultural Organization) World Heritage area in 2000 for its outstanding biodiversity values.

    Although the cultural heritage is remarkably intact and connected with an environmental system and natural features, the parallel nomination for cultural values listing failed due to a paucity of archaeological and cultural heritage information.

    Our new research should be considered in a nomination for the UNESCO World Heritage area to also encompass cultural heritage alongside biodiversity.

    The Blue Mountains landscape shrouds a silent yet rich tapestry of Aboriginal heritage.

    Our people have walked, lived and thrived in the Blue Mountains for thousands of years. The mountains are a tangible connection to our Ancestors who used them as a meeting place for sharing, storytelling and survival. They are a part of our cultural identity.

    We need to respect and protect our heritage for the benefit of all Australians.

    Archaeological works in progress: Imogen Williams, Rebecca Chalker and Tyrone Pal excavating the Ice Age layers.
    Amy Way

    Our results align Australia for the first time with ice age data from the world’s other inhabited continents, including sites in other places not traditionally thought of as cold climates, such as Mexico and Spain.

    We now have a truly global story of people entering and living in high-altitude landscapes during the last ice age.

    The continuation of research projects like this one, and the invaluable evidence it provides across the region, will allow Aboriginal people with connections to the Blue Mountains to begin to stitch back together much of the history and many of the stories that until now have had gaps.

    The more we discover and piece together the movements, ceremonies and stories, the stronger we are as a community.

    Amy Mosig Way receives funding from the Australian Museum Foundation and is a Senior Lecturer at the University of Sydney.

    Erin Wilkins, Leanne Watson, and Wayne Brennan do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Ice Age shelter high up in the Blue Mountains reveals Aboriginal heritage from 20,000 years ago – https://theconversation.com/ice-age-shelter-high-up-in-the-blue-mountains-reveals-aboriginal-heritage-from-20-000-years-ago-247358

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: When new dads struggle, their kids’ health can suffer. Tackling mental distress early can help

    Source: The Conversation (Au and NZ) – By Delyse Hutchinson, Associate Professor, Clinical Psychologist, and NHMRC Leadership Fellow, SEED Centre for Lifespan Research, School of Psychology, Deakin University

    D-BASE/Getty

    In Australia, an estimated one in ten men experience mental health issues such as anxiety and depression before and after their child is born (the perinatal period).

    Alongside emotional ups and downs and exhaustion, new dads may also be facing greater practical demands, such as caring for the baby, supporting their partner, and providing financially.

    It’s not surprising, then, that becoming a dad may be linked to increased psychological distress. But it’s concerning because many men don’t access help. There’s also growing evidence a father’s mental state may affect his developing child in the short and long term.

    Our new review brings together the international evidence about the relationship between fathers’ mental health and children’s development for the first time.

    We found consistent associations between dads’ psychological distress before and after birth and poorer outcomes in children’s social, emotional, cognitive, language and physical development, from birth until the early teens.

    The good news? There are effective ways to intervene early.

    Barriers to getting help

    There are complex reasons why new fathers might not access help for mental distress.

    Notably, a 2024 review of Australian and international research found fathers are not routinely asked in health-care settings about their wellbeing at any point before the birth of a child, or after – when support is often most needed.

    Men may also feel they need to be strong and push past tough emotions to “get on” with looking after the family.

    They may be reluctant to acknowledge their own difficulties, and instead avoid the issue, through strategies such as working excessively, or using alcohol or other drugs.

    Working hours can also make accessing services difficult.

    As a result, men may have trouble recognising mental distress and it may go undetected by the people around them and in the wider health-care system.

    We don’t know the true impact

    Research on early risk factors for poorer child development is around 17 times more likely to focus on mothers’ health and lifestyle, compared to fathers.

    This focus is understandable, given up to one in five women experience perinatal anxiety or depression in the transition to motherhood.

    Strong evidence links mothers’ mental distress to poorer child outcomes. For example, mothers experiencing perinatal anxiety or depression may withdraw and find it difficult to interact with their child. This may be linked to delays in children’s developing social and emotional skills.

    Yet similar research on fathers has been lacking.

    This imbalance affects health policy and clinical practice, leaving many fathers feeling excluded from family health care. The impact on their children has also been poorly understood.

    What we looked at

    Our new research aimed to understand how men’s mental health before and after birth is related to their child’s development, from birth through adolescence.

    We looked at the findings from 84 longitudinal studies which track people over long periods of time, including from Australia, Europe, Asia and North America.

    The review included any study that measured an association between perinatal depression, anxiety or stress in fathers (biological or adoptive) and child development. These included social and emotional skills, thinking and problem-solving, language, physical development and motor skills.

    Our study had three main findings

    First, mental distress in fathers during pregnancy and after birth was consistently linked to poorer development in their children.

    Specifically, this included lower ratings on social, emotional, cognitive, and language skills, such as the capacity to interact with others, understand feelings, process information and communicate. It also affected physical health outcomes, such as body weight, sleep and eating patterns.

    Second, associations were evident from early development (infancy) through to the early teens (13 years). This suggests that, without support, a father’s perinatal mental distress may be related to child development well beyond infancy.

    Third, fathers’ mental distress after birth was more strongly related to how children developed than their mental distress during pregnancy.

    This is not surprising, because it’s when fathers begin to interact with infants and may more directly influence their development.

    So, what should change?

    Our findings underscore that getting in early to support dads – both before and soon after the arrival of a new child – is crucial.

    Routine screening for signs of mental distress is effective in identifying mothers who might benefit from help. This could be extended to all parents, through family planning, antenatal and postpartum clinics, and GP check-ups.

    Research shows 80% of men see a GP or allied health practitioner in the year before having a baby. Asking about other aspects of wellbeing – such as sleep quality – can be an effective and non-stigmatising way to ease into conversations about mental health.

    This can help connect men with support services earlier, to improve their health and their children’s.

    What should men look out for?

    Studies suggest men may often express their distress through relationship strain, rather than sadness. They may also report self-harm, suicidal ideation and feeling isolated.

    Common signs a new dad might be struggling with mental health include:

    • fatigue
    • sleep problems
    • difficulty concentrating
    • racing heart
    • sweating
    • muscle tension
    • changes in appetite
    • feeling worried or out of control
    • irritability
    • anger
    • increased use of alcohol or other drugs.

    Is there support?

    Options for men who want more support include counselling, peer group support and online apps that use mindfulness and cognitive behaviour therapy to help manage moods.

    For fathers needing more immediate support, crisis support services offer 24/7 live counselling via chat, telephone or video:

    If this article has raised issues for you, or if you’re concerned about someone you know, call Lifeline on 13 11 14. In an emergency in Australia, call triple 0.

    Delyse Hutchinson receives funding from the National Health and Medical Research Council (NHMRC).

    Jacqui Macdonald receives funding from the National Health and Medical Research Council’s Medical Research Future Fund and the Australian Research Council. She convenes the Australian Fatherhood Research Consortium and she is on the Movember Global Men’s Health Advisory Committee.

    Samantha Teague receives funding from the National Health and Medical Research Council (NHMRC).

    Genevieve Le Bas and Stephanie Aarsman do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. When new dads struggle, their kids’ health can suffer. Tackling mental distress early can help – https://theconversation.com/when-new-dads-struggle-their-kids-health-can-suffer-tackling-mental-distress-early-can-help-253024

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Ancient termite poo reveals 120 million-year-old secrets of Australia’s polar forests

    Source: The Conversation (Au and NZ) – By Alistair Evans, Professor, School of Biological Sciences, Monash University

    Witsawat.S/Shutterstock

    Imagine a lush forest with tree-ferns, their trunks capped by ribbon-like fronds. Conifers tower overhead, bearing triangular leaves almost sharp enough to pierce skin. Flowering plants are both small and rare.

    You’re standing in what is now Victoria, Australia, about 127 million years ago during the Early Cretaceous Period. Slightly to your south, a massive river – more than a kilometre wide – separates you from Tasmania. This river flows along the valley forming between Australia and Antarctica as the two continents begin to split apart.

    During the Early Cretaceous, southeastern Australia was some of the closest land to the South Pole. Here, the night lasted for three months in winter, contrasting with three months of daytime in summer. Despite this extreme day-night cycle, various kinds of dinosaurs still thrived here, as did flies, wasps and dragonflies.

    And, as our recently published research in Palaeogeography, Palaeoclimatology, Palaeoecology reveals, termites also chewed through the decaying wood of fallen trees. This is the first record of termites living in a polar region – and their presence provides key insights into what these ancient forests were like.

    Home makers, not homewreckers

    Termites might have a public reputation as homewreckers.

    But these wood-eating bugs are a key part of many environments, freeing up nutrients contained in dead plants. They are one of the best organisms at breaking down large amounts of wood, and significantly speed up the decay of fallen wood in forests.

    Ancient polar forests roughly 120 million years ago in southeastern Australia were dominated by conifer trees.
    Bob Nicholls

    The breakdown of wood by termites makes it easier for further consumption by other animals and fungi.

    Their role in ancient Victoria’s polar forests would have been just as important, as the natural decay of wood is very slow in cold conditions.

    Although the cold winters would have slowed termites too, they may have thrived during long periods of darkness, just as modern termites are more active during the night.

    The oldest termite nest in Australia

    Our new paper, led by Monash University palaeontology research associate Jonathan Edwards, reports the discovery of an ancient termite nest near the coastal town of Inverloch in southeastern Victoria. Preserved in a 80-centimetre-long piece of fossilised log, the nest tunnels carved out by termites were first spotted by local fossil-hunter extraordinaire Melissa Lowery.

    Without its discoverers knowing what it was then, the log was brought into the lab and we began investigating the origins of its structures.

    Understanding the nest was challenging at first: the tunnels exposed on the surface were filled with what looked like tiny grains of rice, each around 2 millimetres long. We suspected they were most likely the coprolites (fossilised poo) of the nest-makers. Once we took a look under the microscope we noticed something very interesting: this poo was hexagonal.

    Termite poo has a distinct hexagonal shape, as seen in these thin sections of the fossilised log we examined.
    Jonathan Edwards & William Parker

    How did this shape point to termites as the “poopetrators”?

    Modern termites have a gut with three sets of muscle bands. Just before excretion, their waste is squeezed to save as much water as possible, giving an almost perfect hexagonal shape to the pellets.

    The size, shape, distribution and quantity of coprolites meant we had just discovered the oldest termite nest in Australia – and perhaps the largest termite wood nest from dinosaur times.

    A global distribution

    We continued to investigate the nest with more specific methods.

    For example, we scanned parts of it with the Australian Synchrotron – a research facility that uses X-rays and infrared radiation to see the structure and composition of materials. This showed us what the unweathered coprolites inside the log looked like.

    MicroCT imagery of termite coprolites within the nest.
    Jonathan Edwards

    We also made very thin slices of the nest and looked at these slices with high-powered microscopes. And we analysed the chemistry of the log, which further supported our original theory of the nest’s identity.

    The oldest fossilised termites have been found in the northern hemisphere about 150 million years ago, during the Late Jurassic Period.

    What is exciting is that our trace fossils show they had reached the southernmost landmasses by 127 million years ago. This presence means they had likely spread all over Earth by this point.

    The termites weren’t alone

    Surprisingly, these termites also had smaller wood-eating companions.

    During our investigation, we also noticed coprolites more than ten times smaller than those made by termites. These pellets likely belonged to wood-eating oribatid mites – minuscule arachnids with fossils dating back almost 400 million years. Many of their tunnels ring those left by the termites, telling us they inhabited this nest after the termites abandoned it.

    CT reconstructions of termite and mite coprolites show the huge difference in size between them.
    Jonathan Edwards

    Termite tunnels may have acted as mite highways, taking them deeper into the log. Moreover, because both groups ate the toughest parts of wood, these two invertebrates might have directly competed at the time. Modern oribatid mites only eat wood affected by fungi.

    Regardless, our study documents the first known interaction of wood-nesting termites and oribatid mites in the fossil record.

    This nest also provides important support for the idea that Australia’s polar forests weren’t dominated by ice, as modern termites can’t tolerate prolonged freezing.

    This is the first record of termites living in a polar region, and their presence suggests relatively mild polar winters — something like 6°C on average. Termites would’ve been key players in these ecosystems, kickstarting wood breakdown and nutrient cycling in an otherwise slow environment.

    So maybe next time you spot a termite nest, you’ll see a builder, not a bulldozer.

    The authors would like to acknowledge the work of Jonathan Edwards who led the research and helped prepare this article.

    Alistair Evans receives funding from the Australian Research Council and Monash University, and is an Honorary Research Affiliate with Museums Victoria.

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

    – ref. Ancient termite poo reveals 120 million-year-old secrets of Australia’s polar forests – https://theconversation.com/ancient-termite-poo-reveals-120-million-year-old-secrets-of-australias-polar-forests-258399

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Jaws at 50: a cinematic masterpiece – and an incredible piece of propaganda

    Source: The Conversation (Au and NZ) – By Colin Alexander, Senior Lecturer in Political Communications, Nottingham Trent University

    Jaws turns 50 on June 20. Last year, Quentin Tarantino called Stephen Spielberg’s film “possibly the greatest movie ever made”. Though he was quick to add that it isn’t the best film in terms of script, cinematography or acting, he was convinced that its overall quality as a movie remains unmatched.

    I’m not so sure if Jaws is the best movie ever made – but it’s certainly the movie that I like to watch the most. It is as fascinating and multilayered as it is entertaining and depressing. As a researcher of political propaganda, I believe that Jaws had political purpose.

    I have watched Jaws well over 50 times and still, with every viewing, I spot a new detail. Just last week I noticed that when police chief Brody (Roy Scheider) leaves his office after the first shark attack, he opens a gate in a white picket fence.

    The white picket fence is often used to symbolise the American dream and Brody’s actions are likely intended to symbolise the disruption to the dream’s pursuit of capitalism as he seeks to close the beaches and potentially ruin the town’s tourism season.

    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.

    The film was released in June 1975. Just in time for summer holidays spent splashing in the waves (or not!). However, despite its continued acclaim, it didn’t win any of the big Academy Awards in 1976. One Flew Over the Cuckoo’s Nest dominated that year. Composer John Williams did, however, win the Oscar for best original score, which I assume you are now humming in your head.



    Read more:
    One Flew Over The Cuckoo’s Nest: 50 years on Jack Nicholson’s greatest performance is as fresh as ever

    The film is based on the book by Peter Benchley, published a year earlier in 1974. The book’s plot is somewhat different to the film. For example, Matt Hooper – the shark specialist played by Richard Dreyfuss in the film – is eaten by the shark, possibly as an act of retribution for his sins on land. He survives in the film.

    Benchley was US president Lyndon Johnson’s (1963-1969) communications advisor before he became an author and so knew Washington’s priorities well. The film was then commissioned before the book had time to become a commercial success, which is somewhat unusual.

    The trailer for Jaws.

    The shark – powerful, mysterious, dark eyed, stalking the American people and killing without emotion – represents the threat posed by communism. The defeat of this “menace” will require the reunification of American society following its disastrous and fractious involvement in the Vietnam war and political scandals like Watergate.

    Hence, the white public sector worker (Brody), the scientist (Hooper) and the military veteran (Quint), put their differences aside to band together on a rickety and ill-equipped boat – the Orca – which was possibly meant to symbolise the wobbling US of its time.

    So while Jaws is a parable of societal repair, it is also a story of exclusively white unification amid external threats. The civil rights movement and Vietnam are inextricably linked through the service of young black men to the cause, and yet black characters are conspicuous by their absence from the book and the film. The only black presence in the book is an anonymous gardener who rapes wealthy white women.

    Human will to dominate the natural world

    In the book, the horror focuses upon human, rather than animal, behaviour. This comes in the form of political corruption, mafia influence, adultery, snobbery, racial prejudice, community disconnect and dishonest journalism. And it occurs as much on land as it does at sea. There is a large section midway through the book where the shark plays no part in the, at times, highly sexual plot.

    Spielberg removed many of the undercurrents and insinuations of the book for his adaptation. The film gives less attention to life in the town of Amity and focuses largely on the shark and the horror of its actions.

    The irony is that so many characters feel personally offended by an animal capable of instinct alone, when they as humans – capable of reason and choice – behave so badly towards each other. Indeed, the lack of an eco-centric character to defend the shark in both the book or the film is telling.

    Brody yells for people to ‘get out of the water’.

    The overwhelming horror is instead found in the treatment of the shark and the assertion that it must be killed rather than respected and left alone. Indeed, Jaws represents a parable of the modern human perception of battle against nature. Wherein Brody, Hooper and Quint, despite their differences, are united in their assumption of human superiority and their perspective that the problem ought to be dealt with using violence.

    The story of Jaws also speaks to George Orwell’s essay Shooting an Elephant from 1936. It captured the author’s dilemma while working as a police officer in colonial Burma when an elephant disrupted the regular process of capitalism by trampling through a local market.

    The philosophers Max Horkheimer and Theodor Adorno referred to the enlightenment as having created a “new barbarity” wherein humans are engaged in a project of destruction. Here then, a shark has had the audacity to behave in an inconvenient way to man’s profiteering from tourism and must be killed.

    Indeed, one of the biggest criticisms of the film, which Spielberg has subsequently acknowledged, is its inaccurate representation of shark behaviour and the extent to which the film’s success contributed to the decline of the species.

    Ultimately then, Jaws – the book, the film and the reaction of audiences to it – serves as a testimony to the role played by fear within human decision-making. The fear of “others”. Fear of the unknown. Fear of the natural world. Fear of loss of status or reputation.

    It’s a testament to the susceptibility of humans to become insular and violent when they are scared, but also to the distorting influence of propagandists in determining what they ought to be afraid of.

    This article features references to books that have been included for editorial reasons, and may contain links to bookshop.org. If you click on one of the links and go on to buy something from bookshop.org The Conversation UK may earn a commission.

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

    – ref. Jaws at 50: a cinematic masterpiece – and an incredible piece of propaganda – https://theconversation.com/jaws-at-50-a-cinematic-masterpiece-and-an-incredible-piece-of-propaganda-253498

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Freehold Royalties Declares Dividend for June 2025

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, June 16, 2025 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on July 15, 2025 to shareholders of record on June 30, 2025.

    These dividends are designated as “eligible dividends” for Canadian income tax purposes.

    Freehold is uniquely positioned as a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and approximately 1.2 million gross drilling acres in the United States. Freehold’s common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU.

    The MIL Network –

  • MIL-OSI: Zeo Energy Corp. Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    NEW PORT RICHEY, Fla., June 16, 2025 (GLOBE NEWSWIRE) — Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo”, “Zeo Energy”, or the “Company”), a Florida-based provider of residential solar and energy efficiency solutions, today reported financial results for the first quarter ended March 31, 2025.

    Recent Operational Highlights

    • Entered into a definitive agreement to acquire Heliogen, a provider of on-demand clean energy technology solutions, allowing the company to establish a division focused on long-duration energy generation and storage for commercial and industrial-scale facilities, including artificial intelligence (AI) and cloud computing data centers.
    • Recruited and retained adequate staff ahead of the peak summer sales season.

    Management Commentary
    “In the first quarter of 2025, we continued to navigate the challenging solar market and successfully generated $8.8 million of revenue,” said Zeo Energy Corp. CEO Tim Bridgewater. “As announced last month, we were able to take advantage of the softer sector conditions by entering into a definitive agreement to acquire Heliogen. We believe that this proposed acquisition positions us to expand beyond traditional residential solar and into adjacent clean energy verticals with long-term upside. This move will also enhance our balance sheet and diversify our revenue base going forward.”

    “As anticipated, in Q1 we experienced a slowdown due to the seasonality of our intensive summer sales model. This slowdown was exacerbated by the current high-interest rate environment. We’ve maintained our strategic focus during this period, streamlining operations and strengthening our sales team ahead of the critical summer season that is now underway. Looking ahead, we remain confident in our full-year outlook. We expect meaningful improvement in the latter half of the year as market activity increases.”

    First Quarter 2025 Financial Results

    Results compare the 2025 first quarter ended March 31, 2025 to the 2024 first quarter ended March 31, 2024.

    • Total revenue was $8.8 million in Q1 2025, a 56.4% decrease from $20.1 million in the comparable 2024 period. The decrease was primarily due to higher interest rates creating a challenging environment for residential solar direct sales.
    • Gross profit decreased to $3.8 million (43.0% of total revenue) in Q1 2025 from $6.0 million (29.9% of total revenue) in the comparable 2024 period. The decrease was driven in part by the decrease in sales compared to the prior period. The improvement in gross profit as a percentage of revenue was the result of improved operational efficiencies in labor and a reduction in materials costs.
    • Net loss for Q1 2025 was $13.3 million compared to $4.1 million in the comparable 2024 period. The decrease is primarily due to a decrease in overall sales for the period.
    • Adjusted EBITDA, a non-GAAP measurement of operating performance reconciled below, decreased to $(6.4) million (72.3% of total revenue) in Q1 2024 from approximately $(0.5) million (2.3% of total revenue) in the comparable 2024 period. The change was primarily related to the change in net loss.

    For more information, please visit the Zeo Energy Corp. investor relations website at investors.zeoenergy.com.

    About Zeo Energy Corp.

    Zeo Energy Corp. is a Florida-based provider of residential solar, distributed energy, and energy efficiency solutions. Zeo focuses on high-growth markets with limited competitive saturation. With its differentiated sales approach and vertically integrated offerings, Zeo, through its Sunergy Solar business unit, serves customers who desire to reduce high energy bills and contribute to a more sustainable future. For more information on Zeo Energy Corp., please visit www.zeoenergy.com.

    Non-GAAP Financial Measures

    Adjusted EBITDA
    Zeo Energy defines Adjusted EBITDA, a non-GAAP financial measure, as net income (loss) before interest and other expenses, net, income tax expense, and depreciation and amortization, as adjusted to exclude stock-based compensation. Zeo utilizes Adjusted EBITDA as an internal performance measure in the management of the Company’s operations because the Company believes the exclusion of these non-cash and non-recurring charges allows for a more relevant comparison of Zeo’s results of operations to other companies in the industry. Adjusted EBITDA should not be viewed as a substitute for net loss calculated in accordance with GAAP, and other companies may define Adjusted EBITDA differently.

    The following table provides a reconciliation of net income (loss) to Adjusted EBITDA for the periods presented:

           
      Three months Ended March 31,  
        2025       2024    
    Net income (loss)   $ (13,319,363 )     $ (4,107,102 )  
    Adjustment:                
    Other income, net     (82,363 )       0    
    Change in fair value of warrant liabilities     (663,449 )       138,000.00    
    Interest expense     30,277         35,222    
    Income tax benefit     523,500         (114,668.00 )  
    Stock compensation     2,257,139         3,118,584.00    
    Depreciation and amortization     4,900,729         459,529    
                     
    Adjusted EBITDA     (6,353,530 )       (470,435 )  
                     
    Net income (loss) margin     (151.6 ) %     (20.4 ) %
                     
    Adjusted EBITDA margin     (72.3 ) %     (2.3 ) %
                     

    Adjusted EBITDA Margin

    Zeo Energy defines Adjusted EBITDA margin, a non-GAAP financial measure, expressed as a percentage, as the ratio of Adjusted EBITDA to revenue, net. Adjusted EBITDA margin measures net income (loss) before interest and other expenses, net, income tax expense, depreciation and amortization, as adjusted to exclude stock-based compensation and is expressed as a percentage of revenue. In the table above, Adjusted EBITDA is reconciled to the most comparable GAAP measure, net income (loss). Zeo utilizes Adjusted EBITDA margin as an internal performance measure in the management of the Company’s operations because the Company believes the exclusion of these non-cash and non-recurring charges allows for a more relevant comparison of the Company’s results of operations to other companies in Zeo’s industry.

    The following table sets forth Zeo’s calculations of Adjusted EBITDA margin for the periods presented:

           
      Three months Ended March 31,  
        2025       2024    
    Total Revenue   $ 8,783,695       $ 20,142,156    
                     
    Adjusted EBITDA     (6,353,530 )       (470,435 )  
                     
    Adjusted EBITDA margin     (72.3 ) %     (2.3 ) %
                     

    Forward-Looking Statements

    This news release contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to the Company. Such statements may include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will,” and similar references to future periods may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the future financial performance of the Company; the ability to effectively consolidate the assets of Lumio and produce the expected results; changes in the Company’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, the ability to raise additional funds, and plans and objectives of management. These forward-looking statements are based on information available as of the date of this news release, and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company’s views as of any subsequent date, and the Company does not undertake any obligation to update such forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, the Company’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: (i) the outcome of any legal proceedings that may be instituted against the Company or others; (ii) the Company’s success in retaining or recruiting, or changes required in, its officers, key employees, or directors; (iii) the Company’s ability to maintain the listing of its common stock and warrants on Nasdaq; (iv) limited liquidity and trading of the Company’s securities; (v) geopolitical risk and changes in applicable laws or regulations, including tariffs or trade restrictions; (vi) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (vii) operational risk; (viii) litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on the Company’s resources; (ix) the Company’s ability to effectively consolidate the assets of Lumio and produce the expected results; and (x) other risks and uncertainties, including those included under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) for the year ended December 31, 2024 and in its subsequent periodic reports and other filings with the SEC.

    In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by the Company, its respective directors, officers or employees or any other person that the Company will achieve its objectives and plans in any specified time frame, or at all. The forward-looking statements in this news release represent the views of the Company as of the date of this news release. Subsequent events and developments may cause that view to change. However, while the Company may elect to update these forward-looking statements at some point in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of the Company as of any date subsequent to the date of this news release.

    Zeo Energy Corp. Contacts

    For Investors:
    Tom Colton and Greg Bradbury
    Gateway Group
    ZEO@gateway-grp.com

    For Media:
    Zach Kadletz
    Gateway Group
    ZEO@gateway-grp.com

    -Financial Tables to Follow-

    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited)    		  
        As of March 31,   As of December 31,  
          2025       2024    
    Assets              
    Current assets              
    Cash and cash equivalents   $ 2,894,103     $ 5,634,115    
    Accounts receivable, including $286,103 and $191,662 from related parties, net of allowance for credit losses of $4,703,905 and $1,165,336, as of March 31, 2025 and December 31, 2024, respectively     4,999,508       10,186,543    
    Inventories     847,395       872,470    
    Contract assets     577,398       64,202    
    Prepaid expenses and other current assets     936,673       2,131,345    
    Total current assets     10,255,077       18,888,675    
    Other assets     113,591       314,426    
    Property, equipment and other fixed assets, net     2,629,283       2,475,963    
    Right of use operating lease assets     1,087,496       1,268,139    
    Right of use financing lease assets     412,893       447,012    
    Intangibles, net     2,938,804       7,571,156    
    Note receivable – related party     3,000,000       3,000,000    
    Goodwill     27,010,745       27,010,745    
    Total assets   $ 47,447,889     $ 60,976,116    
                   
    Liabilities, redeemable noncontrolling interest and stockholders’ (deficit) equity        
    Current liabilities              
    Accounts payable   $ 3,569,632     $ 2,780,885    
    Accrued expenses and other current liabilities, including $2,320,129 and $3,359,101 with related parties at March 31, 2025 and December 31, 2024, respectively     6,581,799       8,540,188    
    Current portion of long-term debt     301,091       291,036    
    Current portion of obligations under operating leases     555,672       583,429    
    Current portion of obligations under financing leases     133,408       130,464    
    Convertible promissory note     2,455,000       2,440,000    
    Contract liabilities, including $0 and $2,000 with related parties as of March 31, 2025 and December 31, 2024, respectively     119,417       203,607    
    Total current liabilities     13,716,019       14,969,609    
    Obligations under operating leases, non-current     662,291       799,385    
    Obligations under financing leases, non-current     314,167       348,807    
    Warrant liabilities     785,551       1,449,000    
    Long-term debt     414,268       496,623    
    Total liabilities     15,892,296       18,063,424    
                   
    Commitments and contingencies (Note 14)              
                   
    Redeemable noncontrolling interests              
    Convertible preferred units, 1,500,000 units issued and outstanding as of March 31, 2025 and December 31, 2024, respectively     16,536,108       16,130,871    
    Class B Units     38,097,300       115,693,900    
                   
    Stockholders’ equity              
    Class V common stock, $0.0001 par value, 100,000,000 authorized shares; 26,730,000 and 35,230,000 shares issued and outstanding as of March 31, 2025, and December 31, 2024, respectively     2,673       3,523    
    Class A common stock, $0.0001 par value, 300,000,000 authorized shares; 21,796,464 and 13,252,964 shares issued and outstanding as of March 31, 2025, and December 31, 2023, respectively     2,180       1,326    
    Additional paid in capital     16,486,224       14,523,963    
    Accumulated deficit     (39,568,892 )     (103,440,891 )  
    Total stockholders’ deficit     (23,077,815 )     (88,912,079 )  
    Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit) equity   $ 47,447,889     $ 60,976,116    
                   
    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
        Three months ended March 31,
        2025     2024  
    Revenue, net   $ 6,216,391     $ 11,329,387  
    Related party revenue, net     2,567,304       8,812,769  
    Total revenue     8,783,695       20,142,156  
    Operating costs and expenses:            
    Cost of goods sold (exclusive of items shown below)     4,789,679       13,957,966  
    Depreciation and amortization     4,900,729       459,529  
    Sales and marketing     2,137,092       6,553,787  
    General and administrative     10,467,593       3,219,422  
    Total operating expenses     22,295,093       24,190,704  
    (Loss) income from operations     (13,511,398 )     (4,048,548 )
    Other (expenses) income, net:            
    Other income, net     82,363       –  
    Change in fair value of warrant liabilities     663,449       (138,000 )
    Interest expense     (30,277 )     (35,222 )
    Total other expense, net     715,535       (173,222 )
    Net (loss) income before taxes     (12,795,863 )     (4,221,770 )
    Income tax (expense) benefit     (523,500 )     114,668  
    Net (loss) income     (13,319,363 )     (4,107,102 )
    Net (loss) attributable to Sunergy Renewables LLC prior to the Business Combination     –       (523,681 )
    Net (loss) income subsequent to the Business Combination     (13,319,363 )     (3,583,421 )
    Net (loss) income attributable to redeemable non-controlling interests     (6,958,098 )     (2,051,930 )
    Net (loss) income attributable to Class A common stock   $ (6,361,265 )   $ (1,531,491 )
                 
    Basic and diluted net (loss) income per common unit   $ (0.48 )   $ (1.54 )
    Weighted average units outstanding, basic and diluted     13,252,964       994,345  
                 
    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
      Three Months Ended March 31,
      2025     2024  
    Cash Flows from Operating Activities          
    Net (loss) income $ (13,319,363 )   $ (4,107,102 )
    Adjustment to reconcile net (loss) income to cash (used in) provided by operating activities          
    Depreciation and amortization   4,900,729       459,529  
    Interest income   –       –  
    Change in fair value of warrant liabilities   (663,449 )     138,000  
    Provision for credit losses   3,538,569       150,000  
    Noncash operating lease expense   180,643       152,717  
    Stock based compensation expense   2,257,139       3,118,584  
    Changes in operating assets and liabilities:          
    Accounts receivable   1,742,907       (2,297,517 )
    Accounts receivable due from related parties   (94,441 )     (2,692,841 )
    Inventories   25,075       (28,968 )
    Prepaid installation costs   (513,196 )     4,448,953  
    Prepaids and other current assets   1,138,288       (1,420,528 )
    Other assets   (37,656 )     (109,443 )
    Accounts payable   788,747       (400,861 )
    Accrued expenses and other current liabilities   (919,417 )     (691,316 )
    Accrued expenses and other current liabilities due to related parties   (1,038,972 )     (2,148,960 )
    Contract liabilities   (82,190 )     (3,508,323 )
    Contract liabilities due to related parties   (2,000 )     (1,054,263 )
    Operating lease payments   (164,851 )     (159,650 )
    Net cash (used in) provided by operating activities   (2,263,438 )     (10,151,989 )
               
    Cash flows from Investing Activities          
    Purchases of property, equipment and other assets   (372,578 )     (226,076 )
    Net cash used in investing activities   (372,578 )     (226,076 )
               
    Cash flows from Financing Activities          
    Principal payment of finance lease liabilities   (31,696 )     (28,537 )
    Proceeds from the issuance of convertible preferred stock, net of transaction costs   –       10,277,275  
    Repayments of debt   (72,300 )     (71,855 )
    Distributions to members   –       (90,000 )
    Net cash provided by (used in) financing activities   (103,996 )     10,086,883  
               
    Net (decrease) increase in cash and cash equivalents   (2,740,012 )     (291,182 )
    Cash and cash equivalents, beginning of period   5,634,115       8,022,306  
    Cash and cash equivalents, end of the period $ 2,894,103     $ 7,731,124  
               
    Supplemental Cash Flow Information          
    Cash paid for interest $ 25,785     $ 34,060  
    Cash paid for income taxes $ –     $ –  
    Noncash finance lease expense $ 34,119     $ 34,118  
               
    Non-cash transactions          
    Deferred equity issuance costs $ –     $ 3,269,039  
    Issuance of Class A common stock to vendors $ –     $ 891,035  
    Issuance of Class A common stock to backstop investors $ –     $ 1,569,463  
    Preferred dividends $ 405,237     $ 8,224,091  

    The MIL Network –

  • MIL-OSI: Zeo Energy Corp. Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    NEW PORT RICHEY, Fla., June 16, 2025 (GLOBE NEWSWIRE) — Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo”, “Zeo Energy”, or the “Company”), a Florida-based provider of residential solar and energy efficiency solutions, today reported financial results for the first quarter ended March 31, 2025.

    Recent Operational Highlights

    • Entered into a definitive agreement to acquire Heliogen, a provider of on-demand clean energy technology solutions, allowing the company to establish a division focused on long-duration energy generation and storage for commercial and industrial-scale facilities, including artificial intelligence (AI) and cloud computing data centers.
    • Recruited and retained adequate staff ahead of the peak summer sales season.

    Management Commentary
    “In the first quarter of 2025, we continued to navigate the challenging solar market and successfully generated $8.8 million of revenue,” said Zeo Energy Corp. CEO Tim Bridgewater. “As announced last month, we were able to take advantage of the softer sector conditions by entering into a definitive agreement to acquire Heliogen. We believe that this proposed acquisition positions us to expand beyond traditional residential solar and into adjacent clean energy verticals with long-term upside. This move will also enhance our balance sheet and diversify our revenue base going forward.”

    “As anticipated, in Q1 we experienced a slowdown due to the seasonality of our intensive summer sales model. This slowdown was exacerbated by the current high-interest rate environment. We’ve maintained our strategic focus during this period, streamlining operations and strengthening our sales team ahead of the critical summer season that is now underway. Looking ahead, we remain confident in our full-year outlook. We expect meaningful improvement in the latter half of the year as market activity increases.”

    First Quarter 2025 Financial Results

    Results compare the 2025 first quarter ended March 31, 2025 to the 2024 first quarter ended March 31, 2024.

    • Total revenue was $8.8 million in Q1 2025, a 56.4% decrease from $20.1 million in the comparable 2024 period. The decrease was primarily due to higher interest rates creating a challenging environment for residential solar direct sales.
    • Gross profit decreased to $3.8 million (43.0% of total revenue) in Q1 2025 from $6.0 million (29.9% of total revenue) in the comparable 2024 period. The decrease was driven in part by the decrease in sales compared to the prior period. The improvement in gross profit as a percentage of revenue was the result of improved operational efficiencies in labor and a reduction in materials costs.
    • Net loss for Q1 2025 was $13.3 million compared to $4.1 million in the comparable 2024 period. The decrease is primarily due to a decrease in overall sales for the period.
    • Adjusted EBITDA, a non-GAAP measurement of operating performance reconciled below, decreased to $(6.4) million (72.3% of total revenue) in Q1 2024 from approximately $(0.5) million (2.3% of total revenue) in the comparable 2024 period. The change was primarily related to the change in net loss.

    For more information, please visit the Zeo Energy Corp. investor relations website at investors.zeoenergy.com.

    About Zeo Energy Corp.

    Zeo Energy Corp. is a Florida-based provider of residential solar, distributed energy, and energy efficiency solutions. Zeo focuses on high-growth markets with limited competitive saturation. With its differentiated sales approach and vertically integrated offerings, Zeo, through its Sunergy Solar business unit, serves customers who desire to reduce high energy bills and contribute to a more sustainable future. For more information on Zeo Energy Corp., please visit www.zeoenergy.com.

    Non-GAAP Financial Measures

    Adjusted EBITDA
    Zeo Energy defines Adjusted EBITDA, a non-GAAP financial measure, as net income (loss) before interest and other expenses, net, income tax expense, and depreciation and amortization, as adjusted to exclude stock-based compensation. Zeo utilizes Adjusted EBITDA as an internal performance measure in the management of the Company’s operations because the Company believes the exclusion of these non-cash and non-recurring charges allows for a more relevant comparison of Zeo’s results of operations to other companies in the industry. Adjusted EBITDA should not be viewed as a substitute for net loss calculated in accordance with GAAP, and other companies may define Adjusted EBITDA differently.

    The following table provides a reconciliation of net income (loss) to Adjusted EBITDA for the periods presented:

           
      Three months Ended March 31,  
        2025       2024    
    Net income (loss)   $ (13,319,363 )     $ (4,107,102 )  
    Adjustment:                
    Other income, net     (82,363 )       0    
    Change in fair value of warrant liabilities     (663,449 )       138,000.00    
    Interest expense     30,277         35,222    
    Income tax benefit     523,500         (114,668.00 )  
    Stock compensation     2,257,139         3,118,584.00    
    Depreciation and amortization     4,900,729         459,529    
                     
    Adjusted EBITDA     (6,353,530 )       (470,435 )  
                     
    Net income (loss) margin     (151.6 ) %     (20.4 ) %
                     
    Adjusted EBITDA margin     (72.3 ) %     (2.3 ) %
                     

    Adjusted EBITDA Margin

    Zeo Energy defines Adjusted EBITDA margin, a non-GAAP financial measure, expressed as a percentage, as the ratio of Adjusted EBITDA to revenue, net. Adjusted EBITDA margin measures net income (loss) before interest and other expenses, net, income tax expense, depreciation and amortization, as adjusted to exclude stock-based compensation and is expressed as a percentage of revenue. In the table above, Adjusted EBITDA is reconciled to the most comparable GAAP measure, net income (loss). Zeo utilizes Adjusted EBITDA margin as an internal performance measure in the management of the Company’s operations because the Company believes the exclusion of these non-cash and non-recurring charges allows for a more relevant comparison of the Company’s results of operations to other companies in Zeo’s industry.

    The following table sets forth Zeo’s calculations of Adjusted EBITDA margin for the periods presented:

           
      Three months Ended March 31,  
        2025       2024    
    Total Revenue   $ 8,783,695       $ 20,142,156    
                     
    Adjusted EBITDA     (6,353,530 )       (470,435 )  
                     
    Adjusted EBITDA margin     (72.3 ) %     (2.3 ) %
                     

    Forward-Looking Statements

    This news release contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to the Company. Such statements may include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will,” and similar references to future periods may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the future financial performance of the Company; the ability to effectively consolidate the assets of Lumio and produce the expected results; changes in the Company’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, the ability to raise additional funds, and plans and objectives of management. These forward-looking statements are based on information available as of the date of this news release, and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company’s views as of any subsequent date, and the Company does not undertake any obligation to update such forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, the Company’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: (i) the outcome of any legal proceedings that may be instituted against the Company or others; (ii) the Company’s success in retaining or recruiting, or changes required in, its officers, key employees, or directors; (iii) the Company’s ability to maintain the listing of its common stock and warrants on Nasdaq; (iv) limited liquidity and trading of the Company’s securities; (v) geopolitical risk and changes in applicable laws or regulations, including tariffs or trade restrictions; (vi) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (vii) operational risk; (viii) litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on the Company’s resources; (ix) the Company’s ability to effectively consolidate the assets of Lumio and produce the expected results; and (x) other risks and uncertainties, including those included under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) for the year ended December 31, 2024 and in its subsequent periodic reports and other filings with the SEC.

    In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by the Company, its respective directors, officers or employees or any other person that the Company will achieve its objectives and plans in any specified time frame, or at all. The forward-looking statements in this news release represent the views of the Company as of the date of this news release. Subsequent events and developments may cause that view to change. However, while the Company may elect to update these forward-looking statements at some point in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of the Company as of any date subsequent to the date of this news release.

    Zeo Energy Corp. Contacts

    For Investors:
    Tom Colton and Greg Bradbury
    Gateway Group
    ZEO@gateway-grp.com

    For Media:
    Zach Kadletz
    Gateway Group
    ZEO@gateway-grp.com

    -Financial Tables to Follow-

    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited)    		  
        As of March 31,   As of December 31,  
          2025       2024    
    Assets              
    Current assets              
    Cash and cash equivalents   $ 2,894,103     $ 5,634,115    
    Accounts receivable, including $286,103 and $191,662 from related parties, net of allowance for credit losses of $4,703,905 and $1,165,336, as of March 31, 2025 and December 31, 2024, respectively     4,999,508       10,186,543    
    Inventories     847,395       872,470    
    Contract assets     577,398       64,202    
    Prepaid expenses and other current assets     936,673       2,131,345    
    Total current assets     10,255,077       18,888,675    
    Other assets     113,591       314,426    
    Property, equipment and other fixed assets, net     2,629,283       2,475,963    
    Right of use operating lease assets     1,087,496       1,268,139    
    Right of use financing lease assets     412,893       447,012    
    Intangibles, net     2,938,804       7,571,156    
    Note receivable – related party     3,000,000       3,000,000    
    Goodwill     27,010,745       27,010,745    
    Total assets   $ 47,447,889     $ 60,976,116    
                   
    Liabilities, redeemable noncontrolling interest and stockholders’ (deficit) equity        
    Current liabilities              
    Accounts payable   $ 3,569,632     $ 2,780,885    
    Accrued expenses and other current liabilities, including $2,320,129 and $3,359,101 with related parties at March 31, 2025 and December 31, 2024, respectively     6,581,799       8,540,188    
    Current portion of long-term debt     301,091       291,036    
    Current portion of obligations under operating leases     555,672       583,429    
    Current portion of obligations under financing leases     133,408       130,464    
    Convertible promissory note     2,455,000       2,440,000    
    Contract liabilities, including $0 and $2,000 with related parties as of March 31, 2025 and December 31, 2024, respectively     119,417       203,607    
    Total current liabilities     13,716,019       14,969,609    
    Obligations under operating leases, non-current     662,291       799,385    
    Obligations under financing leases, non-current     314,167       348,807    
    Warrant liabilities     785,551       1,449,000    
    Long-term debt     414,268       496,623    
    Total liabilities     15,892,296       18,063,424    
                   
    Commitments and contingencies (Note 14)              
                   
    Redeemable noncontrolling interests              
    Convertible preferred units, 1,500,000 units issued and outstanding as of March 31, 2025 and December 31, 2024, respectively     16,536,108       16,130,871    
    Class B Units     38,097,300       115,693,900    
                   
    Stockholders’ equity              
    Class V common stock, $0.0001 par value, 100,000,000 authorized shares; 26,730,000 and 35,230,000 shares issued and outstanding as of March 31, 2025, and December 31, 2024, respectively     2,673       3,523    
    Class A common stock, $0.0001 par value, 300,000,000 authorized shares; 21,796,464 and 13,252,964 shares issued and outstanding as of March 31, 2025, and December 31, 2023, respectively     2,180       1,326    
    Additional paid in capital     16,486,224       14,523,963    
    Accumulated deficit     (39,568,892 )     (103,440,891 )  
    Total stockholders’ deficit     (23,077,815 )     (88,912,079 )  
    Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit) equity   $ 47,447,889     $ 60,976,116    
                   
    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
        Three months ended March 31,
        2025     2024  
    Revenue, net   $ 6,216,391     $ 11,329,387  
    Related party revenue, net     2,567,304       8,812,769  
    Total revenue     8,783,695       20,142,156  
    Operating costs and expenses:            
    Cost of goods sold (exclusive of items shown below)     4,789,679       13,957,966  
    Depreciation and amortization     4,900,729       459,529  
    Sales and marketing     2,137,092       6,553,787  
    General and administrative     10,467,593       3,219,422  
    Total operating expenses     22,295,093       24,190,704  
    (Loss) income from operations     (13,511,398 )     (4,048,548 )
    Other (expenses) income, net:            
    Other income, net     82,363       –  
    Change in fair value of warrant liabilities     663,449       (138,000 )
    Interest expense     (30,277 )     (35,222 )
    Total other expense, net     715,535       (173,222 )
    Net (loss) income before taxes     (12,795,863 )     (4,221,770 )
    Income tax (expense) benefit     (523,500 )     114,668  
    Net (loss) income     (13,319,363 )     (4,107,102 )
    Net (loss) attributable to Sunergy Renewables LLC prior to the Business Combination     –       (523,681 )
    Net (loss) income subsequent to the Business Combination     (13,319,363 )     (3,583,421 )
    Net (loss) income attributable to redeemable non-controlling interests     (6,958,098 )     (2,051,930 )
    Net (loss) income attributable to Class A common stock   $ (6,361,265 )   $ (1,531,491 )
                 
    Basic and diluted net (loss) income per common unit   $ (0.48 )   $ (1.54 )
    Weighted average units outstanding, basic and diluted     13,252,964       994,345  
                 
    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
      Three Months Ended March 31,
      2025     2024  
    Cash Flows from Operating Activities          
    Net (loss) income $ (13,319,363 )   $ (4,107,102 )
    Adjustment to reconcile net (loss) income to cash (used in) provided by operating activities          
    Depreciation and amortization   4,900,729       459,529  
    Interest income   –       –  
    Change in fair value of warrant liabilities   (663,449 )     138,000  
    Provision for credit losses   3,538,569       150,000  
    Noncash operating lease expense   180,643       152,717  
    Stock based compensation expense   2,257,139       3,118,584  
    Changes in operating assets and liabilities:          
    Accounts receivable   1,742,907       (2,297,517 )
    Accounts receivable due from related parties   (94,441 )     (2,692,841 )
    Inventories   25,075       (28,968 )
    Prepaid installation costs   (513,196 )     4,448,953  
    Prepaids and other current assets   1,138,288       (1,420,528 )
    Other assets   (37,656 )     (109,443 )
    Accounts payable   788,747       (400,861 )
    Accrued expenses and other current liabilities   (919,417 )     (691,316 )
    Accrued expenses and other current liabilities due to related parties   (1,038,972 )     (2,148,960 )
    Contract liabilities   (82,190 )     (3,508,323 )
    Contract liabilities due to related parties   (2,000 )     (1,054,263 )
    Operating lease payments   (164,851 )     (159,650 )
    Net cash (used in) provided by operating activities   (2,263,438 )     (10,151,989 )
               
    Cash flows from Investing Activities          
    Purchases of property, equipment and other assets   (372,578 )     (226,076 )
    Net cash used in investing activities   (372,578 )     (226,076 )
               
    Cash flows from Financing Activities          
    Principal payment of finance lease liabilities   (31,696 )     (28,537 )
    Proceeds from the issuance of convertible preferred stock, net of transaction costs   –       10,277,275  
    Repayments of debt   (72,300 )     (71,855 )
    Distributions to members   –       (90,000 )
    Net cash provided by (used in) financing activities   (103,996 )     10,086,883  
               
    Net (decrease) increase in cash and cash equivalents   (2,740,012 )     (291,182 )
    Cash and cash equivalents, beginning of period   5,634,115       8,022,306  
    Cash and cash equivalents, end of the period $ 2,894,103     $ 7,731,124  
               
    Supplemental Cash Flow Information          
    Cash paid for interest $ 25,785     $ 34,060  
    Cash paid for income taxes $ –     $ –  
    Noncash finance lease expense $ 34,119     $ 34,118  
               
    Non-cash transactions          
    Deferred equity issuance costs $ –     $ 3,269,039  
    Issuance of Class A common stock to vendors $ –     $ 891,035  
    Issuance of Class A common stock to backstop investors $ –     $ 1,569,463  
    Preferred dividends $ 405,237     $ 8,224,091  

    The MIL Network –

  • MIL-OSI Video: EC Explained: How the European Commission Works

    Source: European Commission (video statements)

    Who really guides the European Union?

    This explainer video unpacks the role of the European Commission, the key engine that proposes, implements, and enforces EU policies.
    Based in Brussels, the Commission is central to shaping the European Union’s future.

    In this video, you’ll discover:
    – How EU laws and policies are created
    – How President of the European Commission is chosen
    – The difference between the European Commission, Parliament, and Council
    – Why the Commission matters to over 450 million EU citizens

    From proposing new laws to enforcing them across 27 member states, the Commission drives the European Union forward — shaping everything from climate action to digital policy.

    Perfect for students, educators, or anyone who wants to understand how the EU works, in simple terms.

    Watch on the Audiovisual Portal of the European Commission: https://audiovisual.ec.europa.eu/en/video/I-248609

    Follow us on:
    -X: https://twitter.com/EU_Commission
    -Instagram: https://www.instagram.com/europeancommission/
    -Facebook: https://www.facebook.com/EuropeanCommission
    -LinkedIn: https://www.linkedin.com/company/european-commission/
    -Medium: https://medium.com/@EuropeanCommission

    Check our website: http://ec.europa.eu/

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

    MIL OSI Video –

  • MIL-OSI Video: EC Explained: How the European Commission Works

    Source: European Commission (video statements)

    Who really guides the European Union?

    This explainer video unpacks the role of the European Commission, the key engine that proposes, implements, and enforces EU policies.
    Based in Brussels, the Commission is central to shaping the European Union’s future.

    In this video, you’ll discover:
    – How EU laws and policies are created
    – How President of the European Commission is chosen
    – The difference between the European Commission, Parliament, and Council
    – Why the Commission matters to over 450 million EU citizens

    From proposing new laws to enforcing them across 27 member states, the Commission drives the European Union forward — shaping everything from climate action to digital policy.

    Perfect for students, educators, or anyone who wants to understand how the EU works, in simple terms.

    Watch on the Audiovisual Portal of the European Commission: https://audiovisual.ec.europa.eu/en/video/I-248609

    Follow us on:
    -X: https://twitter.com/EU_Commission
    -Instagram: https://www.instagram.com/europeancommission/
    -Facebook: https://www.facebook.com/EuropeanCommission
    -LinkedIn: https://www.linkedin.com/company/european-commission/
    -Medium: https://medium.com/@EuropeanCommission

    Check our website: http://ec.europa.eu/

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

    MIL OSI Video –

  • MIL-OSI Security: Conspirators sentenced for engaging in a multitude of fraud schemes, including romance scams, investment fraud, and business email compromise, to steal at least $17 million

    Source: Office of United States Attorneys

    SHERMAN, Texas –Multiple defendants have been sentenced to federal prison for their role in an elaborate fraud scheme in the Eastern District of Texas, announced Acting U.S. Attorney Jay R. Combs.

    Damilola Kumapayi, 39, of Plano, pleaded guilty to conspiring to commit wire fraud and was sentenced to 109 months in federal prison.

    Sandra Iribhogbe Popnen, 50, of Plano, pleaded guilty to conspiring to commit wire fraud and conspiring to commit money laundering and was sentenced to 365 months in federal prison.

    Edgal Iribhogbe, 51, of Allen, was found guilty at trial of conspiring to commit wire fraud and conspiring to commit money laundering and was sentenced to 480 months in federal prison.

    Chidindu Okeke, 32, of Houston, was found guilty at trial of conspiring to commit wire fraud and conspiring to commit money laundering and was sentenced to 480 months in federal prison.

    Chiagoziem Okeke, 32, of Houston, was found guilty at trial of conspiring to commit wire fraud and conspiring to commit money laundering and was sentenced to 480 months in federal prison.

    “Transnational organized criminals targeting the hard-earned savings of elderly and vulnerable populations are simply despicable,” said Acting U.S. Attorney Jay R. Combs.  “The long arm of the American justice system has no limits when it comes to reaching fraudsters who prey on our nation’s most vulnerable populations. The defendants’ lengthy sentences in this case reflect the seriousness of their crimes and the dedication of law enforcement officers and prosecutors to bring them to justice.  I want to thank our law enforcement partners for their outstanding work on this case.”

    “The defendants were part of a transnational organized crime syndicate that defrauded victims collectively out of millions of dollars. For some individuals, this was their life savings, and they were unable to financially recover,” said FBI Dallas Special Agent in Charge R. Joseph Rothrock. “We hope these sentences give them a sense of comfort and sends a clear message that the FBI is committed to pursuing justice for victims.”

    “The collective sentences of nearly 160 years handed down to these defendants is a testament to the unwavering resolve of IRS Criminal Investigation (IRS-CI) and our law enforcement partners,” said Christopher J. Altemus, Jr., IRS-CI Special Agent in Charge of the Dallas Field Office.  “Through relentless investigation and prosecution, they have brought justice to the victims, holding these predators accountable for exploiting trust and devastating lives. IRS-CI and our partners are committed to prosecuting criminals for financial crimes, especially those that prey on our elderly and vulnerable.”

    The sentencing hearings were held before U.S. District Judge Amos L. Mazzant, III on June 16, 2025, in Sherman.

    According to information presented in court, beginning around January 2017, the defendants used a multitude of fraudulent schemes to obtain money from their victims, including online romance scams, business email compromise and investor fraud, and unemployment insurance fraud.  The defendants coordinated how to extract money from their victims, and then how to disguise, disburse, and launder that money once they successfully defrauded their victims.  The scheme resulted in approximately $17 million fraudulently obtained from at least 100 individual victims, companies, and government entities from across the world.  The scheme specifically targeted elderly persons and used various schemes such as online dating sites to lure their victims.  Once funds were obtained from their victims, the defendants laundered the money through a network of various bank accounts and sent money to bank accounts, co-conspirators and businesses located in Africa and Asia.

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

    This case was investigated by the FBI’s Dallas Field Office; Homeland Security Investigations; Internal Revenue Service-Criminal Investigation; Department of Labor-Office of Inspector General; the U.S. Department of State’s Diplomatic Security Service (DSS); U.S. Postal Inspection Service; U.S. Citizenship and Immigration Service; Allen Police Department; Denton Police Department; Dallas County Sheriff’s Office; and Texas Department of Public Safety.  This case was prosecuted by assistant U.S. attorneys in the Plano office.

    ###

    MIL Security OSI –

  • MIL-OSI Security: Conspirators sentenced for engaging in a multitude of fraud schemes, including romance scams, investment fraud, and business email compromise, to steal at least $17 million

    Source: Office of United States Attorneys

    SHERMAN, Texas –Multiple defendants have been sentenced to federal prison for their role in an elaborate fraud scheme in the Eastern District of Texas, announced Acting U.S. Attorney Jay R. Combs.

    Damilola Kumapayi, 39, of Plano, pleaded guilty to conspiring to commit wire fraud and was sentenced to 109 months in federal prison.

    Sandra Iribhogbe Popnen, 50, of Plano, pleaded guilty to conspiring to commit wire fraud and conspiring to commit money laundering and was sentenced to 365 months in federal prison.

    Edgal Iribhogbe, 51, of Allen, was found guilty at trial of conspiring to commit wire fraud and conspiring to commit money laundering and was sentenced to 480 months in federal prison.

    Chidindu Okeke, 32, of Houston, was found guilty at trial of conspiring to commit wire fraud and conspiring to commit money laundering and was sentenced to 480 months in federal prison.

    Chiagoziem Okeke, 32, of Houston, was found guilty at trial of conspiring to commit wire fraud and conspiring to commit money laundering and was sentenced to 480 months in federal prison.

    “Transnational organized criminals targeting the hard-earned savings of elderly and vulnerable populations are simply despicable,” said Acting U.S. Attorney Jay R. Combs.  “The long arm of the American justice system has no limits when it comes to reaching fraudsters who prey on our nation’s most vulnerable populations. The defendants’ lengthy sentences in this case reflect the seriousness of their crimes and the dedication of law enforcement officers and prosecutors to bring them to justice.  I want to thank our law enforcement partners for their outstanding work on this case.”

    “The defendants were part of a transnational organized crime syndicate that defrauded victims collectively out of millions of dollars. For some individuals, this was their life savings, and they were unable to financially recover,” said FBI Dallas Special Agent in Charge R. Joseph Rothrock. “We hope these sentences give them a sense of comfort and sends a clear message that the FBI is committed to pursuing justice for victims.”

    “The collective sentences of nearly 160 years handed down to these defendants is a testament to the unwavering resolve of IRS Criminal Investigation (IRS-CI) and our law enforcement partners,” said Christopher J. Altemus, Jr., IRS-CI Special Agent in Charge of the Dallas Field Office.  “Through relentless investigation and prosecution, they have brought justice to the victims, holding these predators accountable for exploiting trust and devastating lives. IRS-CI and our partners are committed to prosecuting criminals for financial crimes, especially those that prey on our elderly and vulnerable.”

    The sentencing hearings were held before U.S. District Judge Amos L. Mazzant, III on June 16, 2025, in Sherman.

    According to information presented in court, beginning around January 2017, the defendants used a multitude of fraudulent schemes to obtain money from their victims, including online romance scams, business email compromise and investor fraud, and unemployment insurance fraud.  The defendants coordinated how to extract money from their victims, and then how to disguise, disburse, and launder that money once they successfully defrauded their victims.  The scheme resulted in approximately $17 million fraudulently obtained from at least 100 individual victims, companies, and government entities from across the world.  The scheme specifically targeted elderly persons and used various schemes such as online dating sites to lure their victims.  Once funds were obtained from their victims, the defendants laundered the money through a network of various bank accounts and sent money to bank accounts, co-conspirators and businesses located in Africa and Asia.

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

    This case was investigated by the FBI’s Dallas Field Office; Homeland Security Investigations; Internal Revenue Service-Criminal Investigation; Department of Labor-Office of Inspector General; the U.S. Department of State’s Diplomatic Security Service (DSS); U.S. Postal Inspection Service; U.S. Citizenship and Immigration Service; Allen Police Department; Denton Police Department; Dallas County Sheriff’s Office; and Texas Department of Public Safety.  This case was prosecuted by assistant U.S. attorneys in the Plano office.

    ###

    MIL Security OSI –

  • MIL-OSI USA: Capitol Hill Touts Benefits of the One Big Beautiful Bill

    US Senate News:

    Source: US Whitehouse
    Across Capitol Hill, members of Congress have been sharing with their constituents the benefits of President Donald J. Trump’s One Big Beautiful Bill — which include the largest tax cut in history, higher wages and take-home pay, unprecedented spending cuts, border security, protecting Medicaid, modernizing air traffic control, and much more.
    Here are what some members of Congress are saying around the country:
    Sen. Chuck Grassley (R-IA) on FoxNews.com: How Senate Republicans are restoring rule of law and securing border for years to come
    “While Democrat allies riot in the streets, Republicans are standing up for what’s right. Today, as chairman of the Senate Judiciary Committee, I released legislative text for my committee’s section of the ‘One Big Beautiful Bill.’ The Judiciary Committee’s provisions provide historic investments to strengthen our nation’s border security and immigration system, support local law enforcement and protect American families from violence like we’ve seen in Los Angeles. The costs of the judiciary section are offset by immigration application fees, which inject accountability into the immigration system.”
    Sen. Cynthia Lummis (R-WY) in Cowboy State Daily: Trump’s Border Triumph — Making America Secure Again
    “The Senate is currently developing President Trump’s comprehensive legislative package, known as the One Big, Beautiful Bill Act, with the goal of passage by July 4th. This legislation contains several immigration measures that I believe are essential. The bill provides funding to help finish President Trump’s border wall, and gives Border Patrol and ICE agents the resources, technology, and personnel they need to carry out the mission … The American people were clear last November when they voted and told Washington, D.C. that it is time to fully secure our border and deport illegal aliens. These provisions give President Trump and his administration the resources they need to continue delivering on this mandate.”
    Sen. Roger Marshall (R-KS) on FoxNews.com: Trump’s One Big, Beautiful Bill will keep our border the most secure it’s been in history
    “Our country stands at a crossroads. Thanks to President Donald Trump’s and Homeland Security Secretary Noem’s leadership, our border is secure. We can either capitalize on this success and give law enforcement the resources it needs to keep it secure by passing the One Big, Beautiful Bill, or we can let the sacrifice of our men and women on the ground be in vain.”
    Rep. Jodey Arrington (R-TX), Rep. August Pfluger (R-TX) in The Hill: The One Big Beautiful Bill Act delivers for America. Now the Senate Must Deliver Too.
    “The House of Representatives has delivered on the American people’s mandate by passing the One Big Beautiful Bill Act, the most comprehensive and consequential set of conservative reforms in our nation’s history. This transformative package includes record levels of tax cuts, spending reduction, and border and national security investment. The ball is now in the Senate’s court and their mission is simple: move the One Big Beautiful Bill to the president’s desk as soon as possible.”
    Rep. Michael Baumgartner (R-WA) in the Ritzville Adams County Journal: One ‘Big, Beautiful, Bill Act’ is good for us
    “This legislation delivers on the promises made to the American people: to secure the border, cut taxes, unleash American energy and restore fairness to our economy. It reflects what voters demanded and what I pledged to deliver.”
    Rep. Andy Barr (R-KY) in the Lexington Herald-Leader: Senate must pass Trump’s ‘Big, Beautiful Bill’
    “Last month, I voted to pass President Trump’s Big, Beautiful Bill. It was an easy vote. The president’s leadership produced a transformational legislative win that will deliver an across-the-board tax cut for families, small businesses, farmers and seniors. On top of tax relief for Kentuckians still rebounding from four years of runaway inflation under Joe Biden, we surge resources to help law enforcement seal the Southern border and provide $1.6 trillion in deficit reduction, all while strengthening Medicaid for Kentuckians who need it. That’s why my message to U.S. senators, especially from Kentucky, is very simple: pass the Big, Beautiful Bill, and send it to the president’s desk. Kentuckians can’t afford to wait, literally.”
    Rep. Jack Bergman (R-MI) in The Detroit News: One Big Beautiful Bill corrects nation’s course
    “After the last four years of chaos in America under the Biden-Harris administration — from our overwhelmed southern border to reckless binge spending driving up our national debt — we are one bad decision, or one failure to act, away from catastrophe. That’s why I supported the One Big Beautiful Bill Act, which will deliver middle-class tax relief, secure our borders, bolster our defense, and restore the kind of fiscal responsibility that northern Michigan families have practiced for generations. This bill will turn the tide against out-of-control spending and help rescue our economy.”
    Rep. Vern Buchanan (R-FL) in the Sarasota Herald-Tribune: Floridians benefit from Trump’s tax cuts. We can’t let Democrats take them away.
    “As Floridians begin to recover from the disastrous Biden administration, the last thing they need is a massive tax hike – but that’s exactly what will happen if Congress doesn’t act. That’s why Republicans are working to extend President Donald Trump’s 2017 tax cuts and ensure all Americans get the relief they deserve.”
    Rep. Buddy Carter (R-GA) in the Atlanta Journal-Constitution: Sens. Ossoff, Warnock should support Trump’s ‘big, beautiful bill’
    “Georgia’s Democratic U.S. Senators Jon Ossoff and Raphael Warnock should not oppose President Trump’s ‘One, Big, Beautiful Bill’ Act (OBBBA) … the most consequential piece of legislation of our generation. It is a legacy defining bill that I was proud to support when it passed the House of Representatives, advancing President Trump’s full domestic agenda that more than 77 million Americans overwhelmingly voted for back in November. That’s exactly why Ossoff and Warnock are going to fight this bill at every turn.”
    Rep. Tom Cole (R-OK) on Indianz.com: Promises Made, Promises Kept
    “Last November, the American people gave their Representatives a mandate when they overwhelmingly voted for change. 77 million Americans made it very clear to us that they wanted a secure border, the resurgence of American energy dominance, lower taxes, a lethal military focused on warfighting instead of woke initiatives, and a more efficient federal government that roots out fraud, waste, and abuse of taxpayer dollars — essentially the platform that President Trump ran on. Now, less than six months into the new Trump Administration, the United States House of Representatives has already delivered on these promises by passing the One Big Beautiful Bill Act.”
    Rep. Ben Cline (R-VA) on RealClearPolitics.com: A Big, Beautiful Win for America
    “The American Dream is back in reach and our nation is back on the path to prosperity, security, and sanity, thanks to the actions of the House of Representatives last week. With the House’s passage of President Trump’s ‘One Big Beautiful Bill,’ we’ve shown that it is possible to return common sense to our government, protect taxpayers, secure our borders, and chart a course for national Golden Age – all in one package.”
    Rep. Troy Downing (R-WY) in the Billings Gazette: We are staring down the barrel of a 26% tax increase
    “We are staring down the barrel of a 26% tax increase. If Congress does not take action to extend the President Donald Trump’s tax cuts by Jan. 1 of next year, the average Montana family of four will be out more than $1,400 per year … Put plainly, a vote opposing an extension of the TCJA is a vote to raise taxes — on the rich, on the poor, on you, on your neighbor, on family farms, on the coffee shop down the street. Republicans will prevent Democrats from walking America off a fiscal cliff and avoid this catastrophic tax hike that threatens the financial security of countless Montanans.”
    Rep. Neal Dunn (R-FL) in the Tallahassee Democrat: Floridians: Don’t let Washington raise your taxes while you’re not looking
    “Across Florida’s 2nd Congressional District, families have already been stretched thin by rising costs – at the grocery store, at the gas pump, and on their utility bills. The last thing they need is a tax hike. But unless Congress acts soon, that’s exactly what nightmare is coming … Preventing this tax hike should be a bipartisan priority. We owe it to the people we serve to protect and build on the progress our nation has made. Congress must act to make the TCJA permanent – to protect prosperity, promote growth, and preserve the American Dream for the next generation.”
    Rep. Gabe Evans (R-CO) in Newsweek: House Republicans Are Keeping Our Promises on Border Security
    “Americans are desperate to feel safe in our own neighborhoods, but time and time again dangerous illegal immigrants stole from, raped, assaulted, and killed innocent Americans. It is an honor to sit on the House Homeland Security Committee and help lead the charge to secure our borders and follow through on our public safety promises to our constituents. As a part of Congress’ reconciliation package, Homeland Republicans recently advanced recommendations for border security funding to protect Americans, including over $46 billion to complete the border wall system. This money will provide an additional 701 miles of primary wall, construction of 900 miles of river barriers, and even technology like sensors. A physical border is key to keeping the bad guys out.”
    Rep. Randy Feenstra (R-IA) in the Times-Republican: Iowa families will benefit from President Trump’s ‘One, Big, Beautiful Bill’
    “The other week, my Republican colleagues in the U.S. House of Representatives and I passed President Trump’s ‘One, Big, Beautiful Bill.’ This legislation contains numerous provisions to put more money back in the pockets of Iowa families … President Trump’s ‘One, Big, Beautiful Bill’ will finally give our families room to breathe again. Estimates suggest that families could see up to $13,300 more in take-home pay, with workers potentially gaining up to $11,600 in higher wages over four years. With provisions that end taxes on tips, overtime, and auto loan interest for American-made cars, working parents can be certain that the extra effort they’re putting in for their families will pay off.”
    Rep. Michelle Fischbach (R-MN) in the Park Rapids Enterprise: One Big Beautiful Bill Act helps families and small businesses
    “The One Big Beautiful Bill Act protects Medicaid for those who need and deserve it … It makes the 2017 Trump tax cuts permanent, which have been so beneficial for families and small businesses to grow and thrive, even during the uncertain economic times we experienced over the last several years. This bill permanently doubles the guaranteed standard deduction and expands it by $2,000 for every American family. It creates new tax relief for seniors by adding an additional $4,000 deduction for those aged 65 and over. It makes the 199A small business deduction permanent and expands it to 23% for the over 60,000 small businesses in CD7. It makes the doubled death tax exemption permanent and expands it for the nearly 30,000 farms in CD7, helping families pass down their life’s work to the next generation. It prevents the child tax credit from being cut in half and expands the credit to $2,500 to support 74,460 families in CD7. It eliminates tax on tips and overtime pay. And, it expands 529 education plans so families can make the right choices for them, including using 529s for K-12 education materials, universities or trade schools.”
    Rep. Sam Graves (R-MO) in The Washington Times: One Big Beautiful Bill Act provides a flight path for a modern air traffic control system
    “This has been a difficult year for U.S. aviation, with a string of tragic crashes that have killed passengers and crew. Additionally, we have seen reports about failing technology that has caused repeated air traffic control outages and flight delays. Meanwhile, a shortage of certified air traffic controllers has put additional strain on our aviation system. President Trump, Transportation Secretary Sean Duffy and House Republicans are saying ‘enough is enough,’ and we are doing something about it.”
    Rep. Mark Green (R-NC) on RealClearPolitics.com: ‘One Big, Beautiful Bill’ Will Give Americans a Secure Border
    “The only way for us to make good on our promises to the American people is to codify President Trump’s agenda. Funding common-sense and effective border security measures through reconciliation is the first step.”
    Rep. Michael Guest (R-MS) in The Hill: Investing in border security is a win for every American
    “Since President Trump entered office in January of 2025, our border security has increased, the flow of illegal drugs has dropped dramatically, and illegal border crossings have plummeted to levels not seen in modern history. The success of the Trump administration’s leadership at our borders cannot be underestimated. Now, Congress must do its job to enshrine into law the work of President Trump.”
    Rep. Brett Guthrie (R-KY) on FoxNews.com: GOP fights to protect Medicaid for America’s most vulnerable while Democrats fearmonger
    “It is a top priority of House Republicans to eliminate the waste, fraud and abuse in the programs and safeguard expectant mothers, their children, low-income seniors and especially individuals living with disabilities who are receiving Medicaid coverage. Regrettably, Democrats continue to fuel the falsehood that 13 million individuals will lose healthcare coverage under OBBBA.”
    Rep. Mike Haridopolous (R-FL) in Florida Today: “One Big Beautiful Bill” is a win for Florida families, workers
    “America voted for change last November, and now we’re delivering it. Over the past four years, families have been hit with rising prices, shrinking paychecks, and a government that grew too big and too careless with your tax dollars. People are working harder than ever, but they’re falling behind. That’s not right, and that’s why my Republican colleagues and I in Congress are fighting hard to pass the ‘One Big Beautiful Bill’ This bill is about getting back to basics: Rewarding work, cutting waste, and putting American families first.”
    Rep. Erin Houchin (R-IN) in Newsweek: The Truth About the One Big Beautiful Bill—and What Democrats Don’t Want You to Know
    “Democrats have spent weeks fearmongering about so-called cuts to Medicaid, Medicare, and Social Security in the One Big Beautiful Bill. Let’s be clear: those talking points are false, and they know it. What this bill actually does is protect and preserve these critical safety net programs for the people they were designed to serve—pregnant women, children, individuals with disabilities, and seniors. It does so by taking on the real problem: waste, fraud, and abuse that have run rampant in our federal health programs for decades.”
    Rep. Jen Kiggans (R-VA) in the Washington Examiner: The ‘big, beautiful bill’ protects Medicaid for those who need it
    “When I came to Congress, I promised the people of Virginia’s 2nd Congressional District that I would pursue practical solutions to improve the lives of working families — without the drama, the headlines, or the politics. That commitment is reflected in the House’s recently passed “big, beautiful bill,” a practical, solutions-oriented piece of legislation that restores accountability to our safety net programs. Unfortunately, misinformation has clouded the bill’s intent, particularly when it comes to Medicaid. Let me set the record straight: This legislation does not cut Medicaid for those who truly need it. Instead, it strengthens the program for low-income families, seniors, and individuals with disabilities while rooting out waste and holding bad actors accountable.”
    Rep. David Kustoff (R-TN) in the Washington Examiner: The ‘one big, beautiful bill’ will restore the American dream
    “Unfortunately, if Congress does not act, many of the provisions in TCJA will expire at the end of the year. If that happens, the average family in my district of West Tennessee will face a nearly 26% tax hike. A child inheriting the family farm could pay such steep estate taxes that he is forced to sell it. And a small business owner competing with larger corporations could see her taxes nearly double. These are not just numbers on a chart in Washington. These provisions affect each and every one of us. If they expire, the American dream could be unachievable for many of our citizens.”
    Rep. Tracey Mann (R-MO) in the Kansas City Star: Kansas deserves the gift of Trump’s One Big Beautiful Bill
    “I recently voted in the U.S. House of Representatives to advance the One Big Beautiful Bill Act, which would provide working- and middle-class Americans with the largest tax cuts in history and make long overdue investments into our nation’s border security by funding the completion of the border wall. The legislation would equip Customs and Border Patrol with modern technology to assist with intercepting drug and human smuggling while increasing detention capacity for Immigration and Customs Enforcement as it works to deport violent criminals and gang members who are in the country illegally.”
    Rep. Adrian Smith (R-NE) in the Pawnee Republican: Building Certainty for Small Businesses
    “For workers and entrepreneurs, few places are as ripe with economic opportunity as the United States of America. Our world-leading workforce, natural resources, educational institutions, rule of law committed to protecting capital investment, and unique features such as deepwater ports providing access to export goods and services to consumers across both the Atlantic and Pacific Oceans provide opportunities for American families with few rivals elsewhere around the globe. Despite these economic strengths, there is much we can improve. The federal government remains inefficient, and we must address issues such as our spending-driven budget deficit. Likewise, too many work-capable Americans remain on the sidelines despite millions of good jobs available in our economy. Efforts to address the waste, fraud, and abuse in federally funded programs are vitally important for the fiscal health of our country, as are expanded efforts to help sidelined Americans connect with good jobs. For this reason, the reconciliation bill passed by the House enhances accountability for state administration of federal benefit programs and improves incentives for beneficiaries to find meaningful work.”
    Rep. Jason Smith (R-MO) on FoxNews.com: It’s time for Congress to deliver President Trump’s ‘big, beautiful bill’ to his desk
    “Republicans have a historic opportunity to deliver America First tax reforms that reward hard work, bring jobs back home, expand opportunity, and most importantly, rebuild the American economy for hardworking families across our nation. President Donald Trump has been crystal clear about what he wanted Congress to deliver – 77 million Americans raced to the ballot box in support of his vision of lower taxes for those whose sweat moves our economy forward. Now, The One, Big, Beautiful Bill passed by the Ways and Means Committee delivers for those workers. It makes permanent the expiring provisions of the successful 2017 Trump tax cuts, provides additional tax relief to American families, and rewards those who manufacture more at home and hire more American workers. The additional tax relief includes eliminating taxes on tips, overtime pay, and auto loan interest, and delivering tax relief for seniors. Now, Congress must not fail the American people.”
    Rep. Tim Walberg (R-MI) in Leader Publications: Empowering Hardworking Americans through one big beautiful bill
    “The One Big Beautiful Bill Act represents the culmination of each instructed committee’s plan to eliminate waste, fraud, and abuse in Washington and make vital investments in our communities. In total, the bill would provide over $1.6 billion in savings, allowing the federal government to be better stewards of American tax dollars and put us back on the path to fiscal prosperity.  The cornerstone of the package is the permanent expansion of the Tax Cuts and Jobs Act of 2017, which revitalized our economy, unleashing unprecedented job growth and higher wages for working families. Two years after being signed into law, real median household income increased by $5,000 and real wages rose by 4.9%, allowing families to pocket more of their hard-earned money. The reforms also incentivized businesses to invest more in the U.S., ending the decades-long trend of U.S. companies shipping operations overseas.”
    Rep. Rob Wittman (R-VA) in The Virginian-Pilot: Voting for spending bill kept my word to Virginians
    “Let me set the record straight: I kept my word. I fought for Virginians, and I voted to protect working families, strengthen our safety net, and invest in national security and economic opportunity. Before this bill even came to a vote, I raised my voice publicly to demand protections for the vulnerable. In April, I wrote to House leadership making clear that balancing the budget must not come at the expense of pregnant women, children, seniors or individuals with disabilities. I demanded reforms that would support patients, help new mothers and expand savings for working-class families. This bill delivers on that promise.”
    Rep. Rudy Yakym (R-IN) in Goshen News: The One, Big, Beautiful Bill Explained
    “The One Big Beautiful Bill isn’t some bloated spending package. It doesn’t give any money to the Department of Education, HUD, or the EPA. What it does is straightforward: cut taxes, rein in federal spending, permanently secure the border, and reform welfare. When I’m meeting with Hoosier manufacturers and small business owners or chatting with friends at the grocery store, they’re clear about one thing: They’re taxed enough. And I agree. That’s why it makes the 2017 Trump Tax Cuts permanent. That means bigger paychecks, more investment in America, and strong incentives for companies to stay in the U.S. rather than send jobs overseas.”

    MIL OSI USA News –

  • MIL-OSI USA: Shaheen Kicks Off Paris Air Show at SENEDIA Breakfast, Underscoring New England Businesses’ Importance to National Security and Defense

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen

    (Paris, France) – U.S. Senator Jeanne Shaheen (D-NH), a top member of the U.S. Senate Armed Services and Appropriations Committees and the top Democrat on the U.S. Senate Foreign Relations Committee, welcomed Granite State and other New England businesses to the Paris Air Show at the Southeastern New England Defense Industry Alliance (SENEDIA)’s New England Breakfast. A primary focus of Senator Shaheen’s bipartisan Congressional delegation to the Paris Air Show is to connect smaller, regional businesses with leaders in the aerospace and defense industries. Aerospace represents New Hampshire’s largest export sector, including over $30 million in exports in aerospace products to France last year. Click here to view photos of the event.

    “The Paris Air Show is the world’s largest, so it’s a great opportunity for American businesses to showcase their capabilities, connect with key players in the industry and strengthen relationships with partners,” said Senator Shaheen. “SENEDIA’s breakfast reception brought together a number of companies with business in New England to encourage additional engagement – supporting jobs back home and bolstering our national defense and security.” 

    First held in 1909, the Paris Air Show is the largest air show and aerospace-industry exhibition event in the world. Last year, Shaheen co-led the bipartisan Congressional delegation to the Farnborough Air Show with U.S. Senator Jerry Moran (R-KS). 

    MIL OSI USA News –

  • MIL-OSI USA: Luján, Dingell Announce Legislation to Strengthen Home and Community-Based Services

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)

    Washington, D.C. – Today, U.S. Senator Ben Ray Luján (D-N.M.) and U.S. Representative Debbie Dingell (D-Mich.) announced the introduction of the Home and Community-Based Services (HCBS) Relief Act, legislation to provide dedicated Medicaid funds for home and community-based services (HCBS) for older adults, children, and youth and adults with disabilities for two years. The HCBS Relief Act would decrease the need to move people into congregate settings and allow them to receive the services and support they need from their own homes. The bill is also designed to support service provider agencies and direct care workers who provide services in homes.

    Millions of Americans rely on HCBS for daily activities, such as dressing, bathing, meal preparation, taking medication, employment support, mobility assistance, and more. Chronic underfunding of Medicaid services has led to an impending crisis, forcing millions of people with disabilities and older adults into institutions.

    “Right now, millions rely on HCBS for basic everyday needs – help getting dressed, taking medications, preparing meals, and so much more,” said Senator Luján. “To support Americans who depend on home and community-based care, I’m proud to introduce my HCBS Relief Act. My bill would address chronic underfunding that has pushed families into crisis and forced many into institutions simply because they can’t access support at home.”

    “We know that the majority of individuals who require long-term care would prefer to receive it in their own homes and communities. No one should have to wait years to get the care they deserve, and no care worker should have to live below the poverty line to give this care,” said Representative Dingell. “Medicaid is the single largest payer of long-term care in our country. At a time when Medicaid is facing unprecedented, historic cuts, it’s more important than ever that we prioritize home and community-based services. This legislation will provide much-needed investment in our care workforce, making it easier for those who need care to get it, and supporting the caregivers doing this crucial work.”

    Last week, Senator Luján joined Senate Finance Committee Democrats at a press conference to announce the HCBS Relief Act and a series of additional proposals to strengthen the Medicaid program and empower federal watchdogs to take on fraud in the federal health care system. The press conference came as congressional Republicans continue to jam their reconciliation bill that rips away affordable health care from millions of Americans through the House and Senate behind closed doors.

    In the Senate, the HCBS Relief Act is cosponsored by U.S. Senators Tim Kaine (D-Va.), Martin Heinrich (D-N.M.), John Fetterman (D-Pa.), Jeff Merkley (D-Ore.), Elizabeth Warren (D-Mass.), Tina Smith (D-Minn.), Amy Klobuchar (D-Minn.), Tammy Duckworth (D-Ill.), Kirsten Gillibrand (D-N.Y.), Cory Booker (D-N.J.), Richard Blumenthal (D-Conn.), Jack Reed (D-R.I.), Peter Welch (D-Vt.), Tammy Baldwin (D-Wis.), Chris Van Hollen (D-Md.), and Ron Wyden (D-Ore.).

    Full bill text of the HCBS Relief Act is available here.

    MIL OSI USA News –

  • MIL-OSI USA: Acting Chairman Caroline D. Pham on Passing of Former Chairman Bagley

    Source: US Commodity Futures Trading Commission

    Acting Chairman Caroline D. Pham on Passing of Former Chairman Bagley | CFTC

    /PressRoom/SpeechesTestimony/phamstatement061625
    Skip to main content

    June 16, 2025

    WASHINGTON, D.C. – Commodity Futures Trading Commission acting Chairman Caroline D. Pham today issued the following statement on the passing of the Hon. William T. Bagley, the CFTC’s first chairman:
    “Chairman Bagley was instrumental in laying the foundation for what has become the world’s preeminent derivatives regulator. As the first CFTC chairman, he shepherded our agency through its first years, executing on once-novel Congressional authorities and establishing a regulatory framework to expand risk mitigation tools for America’s growers, producers, builders and merchants. Fifty years after Chairman Bagley first opened the doors at the CFTC, this framework continues to be critical in driving the American economy forward. We celebrate Chairman Bagley’s life and legacy and owe him a debt of gratitude for his years of service to our markets, our economy, and our Nation.  On behalf of the entire CFTC community, I extend my condolences to Chairman Bagley’s family.

    -CFTC-

    MIL OSI USA News –

  • MIL-OSI: Report for the first quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 16 June 2025

    Highlights in the quarter

    Interoil’s Total operated production for the three-month period amounted to 97,506 barrels of oil equivalent (boe), representing a decline from 103,738 boe recorded in the same period of 2024. Operations in Argentina were negatively impacted by the failure of two compressor engines, which led to a sustained drop in gas production from January until the compressors were repaired in February. Despite the lower production, revenue increased to USD 5.7 million, up from USD 5.3 million in the previous year, driven by a favourable rise in gas prices.

    Interoil Colombia successfully completed a downhole intervention to the Vikingo well.

    In January, at the Company’s request, bondholders approved amendments to the bond terms to settle the full January 2025 interest payment in kind by issuing and delivering additional bonds.

    In January, Interoil launched its well service campaign in the Mana Field, aiming to service five wells. The campaign sought to recover up to 50 bopd and 600,000 scfpd of gas. As of the date of this report, seven wells have been brought back online, delivering a combined flow of 117 bopd, and 82,000 scfpd of gas.

    For more information, please see enclosed Interoil Exploration and Production ASA’s Report for the fourth quarter of 2024.

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

    Please direct any further questions to ir@interoil.no (mailto:ir@interoil.no)

    About Interoil

    Interoil Exploration and Production ASA is a Norwegian based exploration and production company – listed on the Oslo Stock Exchange with focus on Latin America. The Company is operator and license holder of several production and exploration assets in Colombia and Argentina with headquarter in Oslo.

    Attachment

    The MIL Network –

  • MIL-OSI: Report for the first quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 16 June 2025

    Highlights in the quarter

    Interoil’s Total operated production for the three-month period amounted to 97,506 barrels of oil equivalent (boe), representing a decline from 103,738 boe recorded in the same period of 2024. Operations in Argentina were negatively impacted by the failure of two compressor engines, which led to a sustained drop in gas production from January until the compressors were repaired in February. Despite the lower production, revenue increased to USD 5.7 million, up from USD 5.3 million in the previous year, driven by a favourable rise in gas prices.

    Interoil Colombia successfully completed a downhole intervention to the Vikingo well.

    In January, at the Company’s request, bondholders approved amendments to the bond terms to settle the full January 2025 interest payment in kind by issuing and delivering additional bonds.

    In January, Interoil launched its well service campaign in the Mana Field, aiming to service five wells. The campaign sought to recover up to 50 bopd and 600,000 scfpd of gas. As of the date of this report, seven wells have been brought back online, delivering a combined flow of 117 bopd, and 82,000 scfpd of gas.

    For more information, please see enclosed Interoil Exploration and Production ASA’s Report for the fourth quarter of 2024.

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

    Please direct any further questions to ir@interoil.no (mailto:ir@interoil.no)

    About Interoil

    Interoil Exploration and Production ASA is a Norwegian based exploration and production company – listed on the Oslo Stock Exchange with focus on Latin America. The Company is operator and license holder of several production and exploration assets in Colombia and Argentina with headquarter in Oslo.

    Attachment

    The MIL Network –

  • MIL-OSI Russia: Marat Khusnullin: Over two years, about 20 million trips have been recorded on the Aksai bypass and the far western bypass of Krasnodar on the M-4 Don highway

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    In recent years, Russia has been actively developing its road infrastructure. Large-scale projects to build modern highways are being implemented in the regions. Thus, two years ago, the construction of the Rostov-on-Don bypass (Aksay bypass) and the far western bypass of Krasnodar (FWBK) on the federal highway M-4 “Don” was completed ahead of schedule. Since the opening of traffic on them, about 20 million trips have been recorded. This was reported by Deputy Prime Minister Marat Khusnullin.

    “Creating comfortable and safe conditions for citizens to travel is an important task for the Russian construction complex. The road bypasses that we are building on the instructions of the President not only help relieve congestion in the centers of populated areas, but also make it more convenient and faster to deliver goods, and also help car travelers get to the places they need to go. Two years ago, traffic was launched along the Rostov-on-Don bypass and the far western bypass of Krasnodar on the M-4 Don highway, which became a significant event for the development of the south of Russia and the improvement of transport accessibility of the Black Sea coast. Over the two years, about 20 million trips have been recorded along the new high-speed sections of the M-4 Don. In particular, drivers have traveled along the Aksai bypass more than 13 million times with an average daily traffic of about 20 thousand cars. About 6 million trips of cars have been recorded on the DZOK during this period, and the average daily figure here reaches about 9 thousand cars,” said Marat Khusnullin.

    The Deputy Prime Minister noted that for the convenience of drivers and passengers, two mirror multifunctional road service zones were opened at DZOK this year. Due to this, trips have become even more comfortable, especially during the high tourist season, when the flow of traffic increases three to four times.

    Chairman of the Board of the state-owned company Avtodor Vyacheslav Petushenko noted that these roads are part of the main routes to the Black Sea and Azov coasts, and therefore the peak load traditionally occurs in the summer months.

    “The absolute maximum on the Aksai bypass was recorded in August last year and amounted to about 1.4 million trips per month. This year, the intensive growth of the flow began earlier and was noted already in April. In turn, on the DZOK, the peak value was noted in July last year and amounted to almost 500 thousand trips per month. At the same time, 248.6 thousand trips were recorded in May of this year alone, which is almost 14% more compared to the same period last year. According to forecast calculations, over 500 thousand trips are expected on the DZOK this summer,” said Vyacheslav Petushenko.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Dedicated to the first Russian theater (06/16/2025).

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    On June 17, 2025, the Bank of Russia will issue a commemorative silver coin of 3 rubles “The First Russian Professional Theater” (catalog No. 5111-0521).

    The history of this theater began in July 1750 in the city of Yaroslavl with the first theatrical production of a young troupe headed by Fyodor Volkov, the son of a Kostroma merchant. Before that, there were many theater troupes in Russia – palace, home, school. But it was Volkov’s theater that became the first to have a separate building, a permanent repertoire, was publicly accessible, and its actors received a salary.

    The silver coin with a face value of 3 rubles (pure precious metal weight – 31.1 g, alloy fineness – 925) has the shape of a circle with a diameter of 39.0 mm.

    There is a raised edge around the circumference of both the front and back sides of the coin.

    On the obverse of the coin there is a relief image of the State Emblem of the Russian Federation, the inscriptions “RUSSIAN FEDERATION”, “BANK OF RUSSIA”, the coin denomination “3 RUBLES”, the date “2025”, the designation of the metal according to the Periodic Table of Elements of D.I. Mendeleyev, the alloy fineness, the trademark of the St. Petersburg Mint and the pure mass of the precious metal.

    On the reverse side of the coin there are relief images of the building of the Russian State Academic Drama Theatre named after Fyodor Volkov and an allegorical sculptural group decorating its façade; at the top along the circumference there is a relief inscription “THE FIRST RUSSIAN PROFESSIONAL THEATRE”, at the bottom left in three lines there is an inscription “FOUNDED IN 1750 IN YAROSLAVL BY F.G. VOLKOV”, made using the laser matting technique.

    The side surface of the coin is ribbed.

    The coin is made in proof quality.

    The mintage of the coin is 3.0 thousand pieces.

    The issued coin is a legal tender in the territory of the Russian Federation and must be accepted at face value for all types of payments without restrictions.

    When using the material, a link to the Press Service of the Bank of Russia is required.

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv. KBR.ru/Press/PR/? File = 638856906491165770KOins. CHTM

    MIL OSI Russia News –

  • MIL-OSI Russia: Dmitry Chernyshenko and Sergey Kravtsov awarded Artek employees on its 100th anniversary

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Deputy Prime Minister Dmitry Chernyshenko and Minister of Education Sergey Kravtsov awarded the staff of the International Children’s Center “Artek” on its 100th anniversary. The event took place in the Suuk-Su Palace in Gurzuf.

    The Deputy Prime Minister also read out a congratulatory message from Prime Minister Mikhail Mishustin, which, in particular, noted: “Today, Artek is a flagship in the field of children’s recreation and health improvement, its popularity is constantly growing. Every year, thousands of children from different regions of Russia and foreign countries strive to get here. A modern educational environment has been formed here, combining the best pedagogical traditions with innovative methods and technologies. Unique conditions and an atmosphere have been created where each child feels like part of a large and friendly family, can reveal their talents, master advanced knowledge, develop abilities in science, creativity and sports. Children learn to respect the history and cultural heritage of our multinational country, understand each other, find friends, sometimes for life. Following the motto – “An Artek student today is an Artek student forever.”

    Sergei Kravtsov also congratulated the employees of the International Children’s Center “Artek”.

    “Dear staff of the International Children’s Center “Artek”! I congratulate everyone on the anniversary and want to sincerely thank you for your work, professionalism and service to children. “Artek” is one of the best children’s centers of the international level. Today, there is a part of it in almost every school, in every college. Advisors to directors on education are trained in “Artek” and work using its unique technologies. “Artek” began with several canvas tents and today has been transformed into a unique international children’s center, which continues to develop,” the Minister of Education noted.

    The Deputy Prime Minister and the Minister also assessed the space of the “City of Childhood” master classes. Artek teachers and thematic partners of the center presented 80 sites of various focuses in three blocks: past, present and future. The festival of creativity, sports and knowledge brought together more than 3 thousand participants of the sixth anniversary shift from all regions of Russia, as well as 29 foreign countries.

    At the “City of Childhood” site, Artek children were able to do pyrography, beadwork, scrapbooking, painting, embroidery, create a digital drawing, an Artek souvenir, play the guitar, play gorodki, write a retro letter and much more. The historical direction was widely represented: the children’s center children walked Artek routes, studied the literary map of “Artek”. A separate direction was the marine theme – for example, those who wished were able to master the technique of tying knots. The children were also interested in the sites of thematic partners of “Artek”. Representatives of the All-Russian Student Rescue Corps held master classes dedicated to safety.

    Dmitry Chernyshenko and Sergey Kravtsov left memorable notes in the book of honored guests.

    In addition, Deputy Prime Minister, Minister and Director of the International Children’s Center “Artek” Konstantin Fedorenko assessed the exhibition of the IT festival “From Dream to Progress”. The exhibition is held in the children’s camps “Lesnoy” and “Polevoy” and includes branded zones of the companies participating in the festival, where master classes on the development of mobile applications, programming, working with artificial intelligence are presented, as well as information on the latest Russian IT technologies in various industries – construction, agriculture, space industry, medicine and others.

    “Today we celebrate 100 years of Artek – an entire era of friendship, discoveries and inspiration. Here, in this amazing place, children from all over the world learn to understand each other, preserving traditions. Artek is not just a children’s center, but, as children say, a home where faith in goodness, justice and one’s own strength is born. Thank you to everyone who created and continues this history: veterans, teachers, children. Your hearts make Artek a symbol of childhood, joy and unity. Let our anniversary be the beginning of new victories, and the fire of friendship never go out. Happy holiday, Artek! Forward – to new heights! ” – Konstantin Fedorenko congratulated those gathered.

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

    MIL OSI Russia News –

  • MIL-OSI USA: US Department of Labor cites two event production companies after stagehand’s fatal injury at Orlando music festival site

    Source: US Department of Labor

    ORLANDO, FL – The U.S. Department of Labor’s Occupational Safety and Health Administration cited two event production companies following an inspection concerning an October 2024 employee fatality.

    Stage FX Inc. and James Thomas Productions LLC were cited with serious violations for allegedly failing to maintain structural stability during the erection of a stage and failing to provide proper employee training on the associated hazards. 

    James Thomas Productions paid $19,860 to address the violations, while Stage FX has contested the findings before the independent Occupational Safety and Health Review Commission.

    Learn more about OSHA, preventing struck-by-hazards, and how to access the agency’s free compliance assistance resources. 

    MIL OSI USA News –

  • MIL-OSI USA: BUCKS COUNTY – Lt. Gov. Austin Davis to Advocate for Shapiro-Davis Administration’s Proposed Mass Transit Investments, Connecting Communities and Powering Pennsylvania’s Economy

    Source: US State of Pennsylvania

    June 17, 2025 – Croydon, PA

    ADVISORY – BUCKS COUNTY – Lt. Gov. Austin Davis to Advocate for Shapiro-Davis Administration’s Proposed Mass Transit Investments, Connecting Communities and Powering Pennsylvania’s Economy

    Lt. Gov. Austin Davis will join representatives from the Southeastern Pennsylvania Transportation Authority (SEPTA), as well as leaders from local employers, to highlight the importance of investing in mass transit to create jobs, connect communities and grow Pennsylvania’s economy.
    The Lieutenant Governor will host a news conference Tuesday, June 17, at 9:15 a.m. at SEPTA’s Croydon Station, 751 Bristol Pike, Croydon.

    The Lieutenant Governor will then board a Trenton Line Regional Rail train to travel to Suburban Station in downtown Philadelphia.
    The Shapiro-Davis 2025-26 budget proposal calls for significant investment in mass transit and road and bridge infrastructure all across the Commonwealth ensuring Pennsylvanians can get where they need to go.

    WHO:
    Lt. Gov. Austin Davis, state Sen. Steve Santarsiero, SEPTA Board Chair Ken Lawrence, Transport Workers Union Local 234 President Brian Pollitt, Holy Family University President Dr. Anne Prisco, Bucks County Transportation Management Association Executive Director Stephen Noll

    WHAT:
    News conference and ride-along to highlight the importance of investing in public transit

    WHEN:
    Tuesday, June 17, at 9:15 a.m.

    WHERE:
    SEPTA’s Croydon Station
    751 Bristol Pike, Croydon

    RSVP:
    Members of the news media who are interested in attending the news conference must RSVP to Kirstin Alvanitakis at kirstinalv@pa.gov. There will be opportunities for b-roll footage during the ride-along.

    MIL OSI USA News –

  • MIL-OSI USA: BUCKS COUNTY – Lt. Gov. Austin Davis to Advocate for Shapiro-Davis Administration’s Proposed Mass Transit Investments, Connecting Communities and Powering Pennsylvania’s Economy

    Source: US State of Pennsylvania

    June 17, 2025 – Croydon, PA

    ADVISORY – BUCKS COUNTY – Lt. Gov. Austin Davis to Advocate for Shapiro-Davis Administration’s Proposed Mass Transit Investments, Connecting Communities and Powering Pennsylvania’s Economy

    Lt. Gov. Austin Davis will join representatives from the Southeastern Pennsylvania Transportation Authority (SEPTA), as well as leaders from local employers, to highlight the importance of investing in mass transit to create jobs, connect communities and grow Pennsylvania’s economy.
    The Lieutenant Governor will host a news conference Tuesday, June 17, at 9:15 a.m. at SEPTA’s Croydon Station, 751 Bristol Pike, Croydon.

    The Lieutenant Governor will then board a Trenton Line Regional Rail train to travel to Suburban Station in downtown Philadelphia.
    The Shapiro-Davis 2025-26 budget proposal calls for significant investment in mass transit and road and bridge infrastructure all across the Commonwealth ensuring Pennsylvanians can get where they need to go.

    WHO:
    Lt. Gov. Austin Davis, state Sen. Steve Santarsiero, SEPTA Board Chair Ken Lawrence, Transport Workers Union Local 234 President Brian Pollitt, Holy Family University President Dr. Anne Prisco, Bucks County Transportation Management Association Executive Director Stephen Noll

    WHAT:
    News conference and ride-along to highlight the importance of investing in public transit

    WHEN:
    Tuesday, June 17, at 9:15 a.m.

    WHERE:
    SEPTA’s Croydon Station
    751 Bristol Pike, Croydon

    RSVP:
    Members of the news media who are interested in attending the news conference must RSVP to Kirstin Alvanitakis at kirstinalv@pa.gov. There will be opportunities for b-roll footage during the ride-along.

    MIL OSI USA News –