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Category: Business

  • MIL-OSI Analysis: AI literacy: What it is, what it isn’t, who needs it and why it’s hard to define

    Source: The Conversation – USA – By Daniel S. Schiff, Assistant Professor of Political Science, Purdue University

    AI literacy is a lot more than simply knowing how to prompt an AI chatbot. DNY59/E+ via Getty Images

    It is “the policy of the United States to promote AI literacy and proficiency among Americans,” reads an executive order President Donald Trump issued on April 23, 2025. The executive order, titled Advancing Artificial Intelligence Education for American Youth, signals that advancing AI literacy is now an official national priority.

    This raises a series of important questions: What exactly is AI literacy, who needs it, and how do you go about building it thoughtfully and responsibly?

    The implications of AI literacy, or lack thereof, are far-reaching. They extend beyond national ambitions to remain “a global leader in this technological revolution” or even prepare an “AI-skilled workforce,” as the executive order states. Without basic literacy, citizens and consumers are not well equipped to understand the algorithmic platforms and decisions that affect so many domains of their lives: government services, privacy, lending, health care, news recommendations and more. And the lack of AI literacy risks ceding important aspects of society’s future to a handful of multinational companies.

    How, then, can institutions help people understand and use – or resist – AI as individuals, workers, parents, innovators, job seekers, students, employers and citizens? We are a policy scientist and two educational researchers who study AI literacy, and we explore these issues in our research.

    What AI literacy is and isn’t

    At its foundation, AI literacy includes a mix of knowledge, skills and attitudes that are technical, social and ethical in nature. According to one prominent definition, AI literacy refers to “a set of competencies that enables individuals to critically evaluate AI technologies; communicate and collaborate effectively with AI; and use AI as a tool online, at home, and in the workplace.”

    AI literacy is not simply programming or the mechanics of neural networks, and it is certainly not just prompt engineering – that is, the act of carefully writing prompts for chatbots. Vibe coding, or using AI to write software code, might be fun and important, but restricting the definition of literacy to the newest trend or the latest need of employers won’t cover the bases in the long term. And while a single master definition may not be needed, or even desirable, too much variation makes it tricky to decide on organizational, educational or policy strategies.

    Who needs AI literacy? Everyone, including the employees and students using it, and the citizens grappling with its growing impacts. Every sector and sphere of society is now involved with AI, even if this isn’t always easy for people to see.

    Exactly how much literacy everyone needs and how to get there is a much tougher question. Are a few quick HR training sessions enough, or do we need to embed AI across K-12 curricula and deliver university micro credentials and hands-on workshops? There is much that researchers don’t know, which leads to the need to measure AI literacy and the effectiveness of different training approaches.

    Ethics is an important aspect of AI literacy.

    Measuring AI literacy

    While there is a growing and bipartisan consensus that AI literacy matters, there’s much less consensus on how to actually understand people’s AI literacy levels. Researchers have focused on different aspects, such as technical or ethical skills, or on different populations – for example, business managers and students – or even on subdomains like generative AI.

    A recent review study identified more than a dozen questionnaires designed to measure AI literacy, the vast majority of which rely on self-reported responses to questions and statements such as “I feel confident about using AI.” There’s also a lack of testing to see whether these questionnaires work well for people from different cultural backgrounds.

    Moreover, the rise of generative AI has exposed gaps and challenges: Is it possible to create a stable way to measure AI literacy when AI is itself so dynamic?

    In our research collaboration, we’ve tried to help address some of these problems. In particular, we’ve focused on creating objective knowledge assessments, such as multiple-choice surveys tested with thorough statistical analyses to ensure that they accurately measure AI literacy. We’ve so far tested a multiple-choice survey in the U.S., U.K. and Germany and found that it works consistently and fairly across these three countries.

    There’s a lot more work to do to create reliable and feasible testing approaches. But going forward, just asking people to self-report their AI literacy probably isn’t enough to understand where different groups of people are and what supports they need.

    Approaches to building AI literacy

    Governments, universities and industry are trying to advance AI literacy.

    Finland launched the Elements of AI series in 2018 with the hope of educating its general public on AI. Estonia’s AI Leap initiative partners with Anthropic and OpenAI to provide access to AI tools for tens of thousands of students and thousands of teachers. And China is now requiring at least eight hours of AI education annually as early as elementary school, which goes a step beyond the new U.S. executive order. On the university level, Purdue University and the University of Pennsylvania have launched new master’s in AI programs, targeting future AI leaders.

    Despite these efforts, these initiatives face an unclear and evolving understanding of AI literacy. They also face challenges to measuring effectiveness and minimal knowledge on what teaching approaches actually work. And there are long-standing issues with respect to equity − for example, reaching schools, communities, segments of the population and businesses that are stretched or under-resourced.

    Next moves on AI literacy

    Based on our research, experience as educators and collaboration with policymakers and technology companies, we think a few steps might be prudent.

    Building AI literacy starts with recognizing it’s not just about tech: People also need to grasp the social and ethical sides of the technology. To see whether we’re getting there, we researchers and educators should use clear, reliable tests that track progress for different age groups and communities. Universities and companies can try out new teaching ideas first, then share what works through an independent hub. Educators, meanwhile, need proper training and resources, not just additional curricula, to bring AI into the classroom. And because opportunity isn’t spread evenly, partnerships that reach under-resourced schools and neighborhoods are essential so everyone can benefit.

    Critically, achieving widespread AI literacy may be even harder than building digital and media literacy, so getting there will require serious investment – not cuts – to education and research.

    There is widespread consensus that AI literacy is important, whether to boost AI trust and adoption or to empower citizens to challenge AI or shape its future. As with AI itself, we believe it’s important to approach AI literacy carefully, avoiding hype or an overly technical focus. The right approach can prepare students to become “active and responsible participants in the workforce of the future” and empower Americans to “thrive in an increasingly digital society,” as the AI literacy executive order calls for.

    Funding from Google Research helped to support part of the authors’ research on AI literacy.

    Funding from the German Federal Ministry of Education and Research under the funding code 16DHBKI051 helped to support part of the authors’ research on AI literacy.

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

    – ref. AI literacy: What it is, what it isn’t, who needs it and why it’s hard to define – https://theconversation.com/ai-literacy-what-it-is-what-it-isnt-who-needs-it-and-why-its-hard-to-define-256061

    MIL OSI Analysis –

  • MIL-OSI Video: EU targets Russia’s energy and banking sectors

    Source: European Commission (video statements)

    With the 18th sanctions package against Russia, announced on June 10th, the EU goes for the Russia’s energy and banking sectors.

    Europe is putting Nord Stream 1 and 2 behind for good. We are also listing additional 77 vessels that are part of the Russian shadow fleet. Oil is one third of Russia’s government revenues. We need to cut this source. That’s why we propose to lower the oil price cap from 60 to 45 $ per barrel.

    Banking – We are targeting the Russian banking sector by limiting its ability to raise funding and conduct transactions. We propose to transform the existing prohibition to use the SWIFT system into a full transaction ban. And we propose to apply such a transaction ban to another 22 Russian banks.
    Our message is very clear: this war must end. We need a real ceasefire, and Russia has to come to the negotiating table with a serious proposal.

    https://www.youtube.com/watch?v=p8UJUvjGXec

    MIL OSI Video –

  • MIL-OSI Russia: China ready to strengthen licensing of rare earth metal exports – Ministry of Commerce of the People’s Republic of China

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, June 12 (Xinhua) — China is willing to continue efforts to review and approve eligible applications for rare earth metal-related export licenses, Ministry of Commerce spokesman He Yadong said Thursday.

    According to him, based on relevant laws and regulations, China has already completed the examination and approval of a certain number of applications in the above-mentioned field, taking into full account the needs and concerns of various countries in the civil use of rare earth products.

    “We have repeatedly emphasized that rare earth metals and related products have dual-use properties that can be used for both civilian and military purposes, so introducing controls on their export is a recognized international practice,” He Yadong said.

    China is ready to step up work on reviewing applications in this area that comply with the country’s legal norms, and to intensify contacts and dialogue with interested countries on export control issues in order to simplify trade activities within the framework of regulatory requirements, a representative of the Ministry of Commerce of the People’s Republic of China assured. -0-

    MIL OSI Russia News –

  • MIL-OSI Africa: SAHPRA warns public to stay cautious of unlicensed cannabis dispensaries

    Source: South Africa News Agency

    The South African Health Products Regulatory Authority (SAHPRA) has warned the public to remain cautious when dealing with service providers claiming they are licensed, especially as cannabis dispensaries continue to expand.

    “SAHPRA has learned that individuals and companies are operating unethically by presenting falsified SAHPRA licences to gain public trust and conduct business.

    “SAHPRA stresses that the use of fake licences is not only unlawful but also poses serious risks to public health and safety,” it said in a statement. 

    According to the local drug regulatory authority, cannabis dispensaries are rapidly increasing in shopping malls, openly displaying copies of SAHPRA licences that were issued to authorise cannabis cultivation and the export of cannabis flowers.

    SAHPRA said these licences do not authorise cannabis dispensaries, which is a concerning issue.

    SAHPRA CEO, Dr Boitumelo Semete-Makokotlela, has strongly condemned these unethical practices.

    “It is highly unethical and illegal for any individual or company to claim SAHPRA authorisation through forged documentation. 

    “We take this matter seriously, and we will work with law enforcement agencies to ensure that offenders are dealt with swiftly and decisively. The public must be protected from such deceptive behaviour,” she said.

    The public is urged to verify the legitimacy of any SAHPRA-issued licence. They can do so by contacting SAHPRA directly through official channels or by checking the website, https://www.sahpra.org.za/, under “Databases and Registers”.

    SAHPRA is in the process of sourcing a system that uses barcoding to authenticate these certificates. It will launch a public outreach campaign to raise awareness on how to verify the authenticity of licences.

    “Your vigilance can help prevent harm and hold those responsible to account,” SAHPRA said, adding that it remains committed to safeguarding public health by regulating health products with integrity, transparency and accountability. 

    The public is encouraged to engage only with properly licensed and verified providers. 

    If you believe a provider is using a fraudulent SAHPRA licence, please report it immediately to SAHPRA at 0800 204 307 or visit the website at https://bit.ly/3nrku5t. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Russia: China Delivers First CKD6H Series Diesel-Electric Locomotives to Kazakhstan

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, June 12 (Xinhua) — China has delivered the first CKD6H series diesel-electric locomotives to a Kazakh customer, the Sichuanjingji ribao (Sichuan Economy Daily) newspaper reported.

    The ceremony of handing over the diesel locomotives with a hybrid power plant took place on Wednesday at the Almaty station with the participation of representatives of the Kazakhstan Temir Zholy company and the Ziyang Carriage Building Company, which is their manufacturer.

    The CKD6H series locomotives are designed for 1520 mm track gauge, which can meet the demand in Kazakhstan, Russia and other neighboring countries.

    The CKD6H locomotives are adapted to the harsh climate of Central Asia. They are equipped with a hybrid power plant and an intelligent energy management system. In particular, the locomotive’s diesel engine complies with the EU Stage IIIA emission standard.

    Compared to traditional diesel locomotives, the new locomotive reduces carbon dioxide emissions by 240 tons per year. As stated by Kazakhstan Temir Zholy, the commissioning of the CKD6H series locomotives marks a step towards a “green” future for rail transport in the country.

    To date, Ziyang Carriage Building Company, which is based in Ziyang City, Sichuan Province /Southwest China/ and is part of China Locomotive Corporation /CRRC/, has delivered a total of more than 200 locomotives to Kazakhstan. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Beijing to Launch ‘4S Store’ for Robots with ‘Embodied AI’

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, June 12 (Xinhua) — A “4S store” for robots with “embodied artificial intelligence” will be set up in Beijing, helping to build a service system covering the entire life cycle of the robot, according to the Beijing Economic Development Zone administration.

    The store, which will combine sales of such intelligent robots, their maintenance, spare parts sales and information services, will reportedly appear at the World Conference on Robotics 2025.

    This store will allow visitors and buyers to get acquainted with the characteristics of the products, and will also effectively meet their demand for repair, maintenance and assembly of robots.

    At present, more than 100 companies in the robot industry have clearly expressed their intention to place their products in the store, including 30 companies related to humanoid robots. In particular, 10 leading companies specializing in robots with “embodied artificial intelligence” have signed a letter of intent to cooperate with the store.

    The World Conference on Robotics 2025 will be held from August 8 to 12 in the Beijing Economic Development Zone. In April of this year, the world’s first half marathon involving humanoid robots was held in the same zone. -0-

    MIL OSI Russia News –

  • MIL-OSI New Zealand: TEO-developed micro-credentials – funding and fees

    Source: Tertiary Education Commission

    On this page:

    Funding for micro-credentials
    We want to invest in micro-credentials, delivered by highly capable TEOs, that meet the needs of industries and communities, and support government priorities. To be funded, micro-credentials need to meet a clearly established industry or community need, be tightly focused on a set of skills, and have stand-alone value.
    Not all quality-assured micro-credentials can be funded by the Tertiary Education Commission (TEC) as we have to prioritise how we distribute funding. Our investment in micro-credentials will complement rather than replace existing privately funded training. Alongside the micro-credentials we fund, we expect employers, industries, and learners will cover the full cost of others themselves.
    We are open to funding micro-credentials at any level of the New Zealand Qualifications and Credentials Framework (NZQCF), but we want to ensure learners are supported to make good choices, including enrolling in full qualifications where appropriate.
    For more information on the micro-credential funding conditions, see the DQ1-2, DQ3-7 and DQ7-10 funding conditions for the relevant year.
    Eligible organisations
    All TEOs eligible for Delivery on the NZQCF funding, at any level (DQ1-2, DQ3-7 (non-degree) and DQ7-10), can apply for funding to deliver micro-credentials.
    If your organisation is not currently approved to receive any funding from us via an Investment Plan, you will first need to apply for funding as a new provider. For more information about this, see Application to receive TEC funding.
    Talk to us early
    If you are a TEO creating a new micro-credential, you may choose to get in touch with us early in the development process before submitting it to the New Zealand Qualifications Authority (NZQA).
    We may be able to advise you if it is something we could potentially fund before you invest resources into developing it.
    Any advice is provisional, based on the information known to us at the time, and does not replace the application and assessment process.
    To receive guidance from the TEC on funding eligibility for your micro-credential, please email micro-credential@tec.govt.nz.
    How to apply
    The current TEC criteria and guidelines for the approval of TEO-developed micro-credentials came into effect on 1 November 2022. All applications must meet the approval criteria and use the form below.  

    How to submit your application
    Please read the criteria and guidelines carefully and submit your completed application through DXP Ngā Kete.
    Let us know when you’ve submitted, by emailing micro-credential@tec.govt.nz.  
    You can apply at any time. We expect to advise outcomes within six weeks. It may take longer in some circumstances or if we require additional information.
    WDC-developed micro-credentials
    Workforce Development Councils (WDCs) developing micro-credentials for which TEOs may seek TEC funding approval will need to be familiar with what we will and won’t fund.
    Funding requirements can be found in the DQ1-2, DQ3-7 and DQ7-10 funding conditions for the relevant year.
    You can also find more information at:
    WDC-developed micro-credentials and qualifications 
    Please be aware that where a WDC-developed micro-credential does not meet our investment requirements, we will not fund its delivery.
    A TEO wanting to gain accreditation to deliver a micro-credential developed by a WDC must first apply to NZQA. If granted accreditation by NZQA, the TEO can then enter the micro-credential into DXP Ngā Kete.
    If you have any questions about this, please call us on 0800 601 301 or email customerservice@tec.govt.nz.
    Fee limits on micro-credentials
    For information on fee limits on micro-credentials, including exception criteria, see Fee cap for micro-credentials.
    Re-prioritising funding from existing allocation
    If we approve a micro-credential for funding, we expect that in most cases TEOs will re-prioritise funding from within their existing allocation. To do this, you need to make an in-year Plan Amendment via a Mix of Provision (MoP) change in DXP Ngā Kete.
    You can increase the number of learners you enrol in the micro-credential over time (and make any necessary changes to the MoP), but you need to ensure the micro-credential continues to meet the priorities set out in the Tertiary Education Strategy, Plan Guidance and Supplementary Plan Guidance in force at the time of the proposed increase.

    If we approve your micro-credential for funding and you would like to seek additional funding for it, you can submit an additional funding request either at the time of your micro-credential application, or after it is approved. You will need to follow the standard process for additional funding. You can do that as part of the annual investment round or as an in-year additional funding request.
    We may consider investing additional funding to support micro-credentials if there is an exceptionally compelling case for strong employer or community demand and a clear contribution to government priorities.
    In considering further funding, we will look at your TEO’s performance in existing provision, including whether existing allocation can be reprioritised from lower-performing provision to the micro-credential.

    MIL OSI New Zealand News –

  • MIL-OSI: Implementation of capital reduction at Jyske Bank A/S

    Source: GlobeNewswire (MIL-OSI)

    At Jyske Bank A/S’ extraordinary general meeting on 24 April 2025, it was finally decided to reduce Jyske Bank’s share capital by a nominal value of DKK 27,651,180, corresponding to 2,765,118 shares of a nominal value of DKK 10. The capital reduction takes place through cancellation of own shares and will be spent on payment to shareholders.

    After expiry of the deadline of the company’s creditors to lodge their claims in the company, cf. S.192(1) of the Danish Companies Act, the company’s Supervisory Board has decided to implement the capital reduction, and this has now been registered with the Danish Business Authority.

    After the capital reduction, Jyske Bank A/S’ share capital amounts to a nominal amount of DKK 615,069,770 distributed on 61,506,977 shares of a nominal value of DKK 10.

    After the capital reduction, Jyske Bank’s direct and indirect holding of own shares is 998,572, corresponding to 1.62% of the company’s share capital.

    Yours faithfully,

    Jyske Bank

    Contact person: Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44.

    Attachment

    The MIL Network –

  • MIL-OSI: illumin Announces Voting Results of Annual Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    TORONTO and NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) — illumin Holdings Inc. (TSX:ILLM, OTCQB:ILLMF) (“illumin” or “Corporation”), the advertising technology platform that enables you to win your next customer, today announced that at its annual general meeting of shareholders held on June 11, 2025 (the “Meeting”), all director nominees proposed by the management of the Corporation were elected as directors of the Corporation, as follows:

    Nominee Votes “For” % Votes For Votes “Against” % Votes Against
    Sheldon Pollack 14,228,168 98.969% 148,251 1.031%
    David Andrews 14,227,593 98.965% 148,826 1.035%
    Roger Dent 10,794,948 75.088% 3,581,471 24.912%
    Tal Hayek 14,216,272 98.886% 160,147 1.114%
    Paul Khawaja 14,225,634 98.951% 150,785 1.049%
    Michele Tobin 14,223,844 99.008% 142,575 0.992%
    Yishay Waxman 14,216,592 98.888% 159,827 1.112%

    In addition, the other item of business at the Meeting, being the re-appointment of auditors of the Corporation was also approved, as follows:

    Appointment of Auditor
    Votes “For” % Votes For Votes “Withhold” % Voted Withhold
    17,061,551 97.061% 516,625 2.939%

    Final voting results on all matters voted on at the meeting will be filed on SEDAR+ at www.sedarplus.ca.

    About illumin:

    illumin is evolving the digital advertising landscape by empowering marketers to achieve transformative results through its customer-centric approach. Featuring a unified canvas built around the open web, illumin lets brands and agencies seamlessly plan, build, and execute campaigns across the entire marketing funnel—connecting programmatic channels, email, and social media within a single platform. Headquartered in Toronto, Canada, illumin serves clients across North America, Latin America, and Europe. For more information, visit illumin.com.

    For further information, please contact:

    The MIL Network –

  • MIL-OSI: Announcement about major shareholder

    Source: GlobeNewswire (MIL-OSI)

    Announcement about a change in a major shareholder’s shareholding, cf. S.31 of the Danish Capital Market Act.

    In continuation of the capital reduction implemented by cancellation of 2,765,118 own shares of a nominal value of DKK 10 as described in Corporate Announcement No. 26 of 12 June 2025, we hereby announce in accordance with S.31 of the Danish Capital Market Act that Jyske Bank A/S as at 12 June 2022 directly and indirectly held 998,572 shares of a nominal value of DKK 10 of Jyske Bank A/S corresponding to 1.62% of the share capital.

                                                             
    Yours faithfully,
    Jyske Bank

    Contact person: Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44.

    Attachment

    The MIL Network –

  • MIL-OSI: Zinemx Obtains U.S. MSB License, Ushering in a New Era of Compliance

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 12, 2025 (GLOBE NEWSWIRE) — Recently, Zinemx Exchange announced that it has been granted the Money Services Business (MSB) license by the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury, marking a significant milestone in the platform global compliance strategy. Zinemx has demonstrated trustworthy capabilities in anti-money laundering (AML) and user identification compliance, enabling it to legally conduct crypto asset trading activities in the United States and multiple other jurisdictions, while providing investors with a compliant and secure trading environment over the long term.

    Possession of the U.S. MSB license allows Zinemx Exchange to legally offer crypto asset trading services across multiple states in the U.S., and further strengthens its ability to operate lawfully in other global jurisdictions. The platform has always placed a high priority on compliance, dedicating itself to delivering high-quality crypto trading services to its users.

    Alongside obtaining the MSB license, Zinemx Exchange has further optimized its AML and Know Your Customer (KYC) compliance systems to meet global financial regulatory standards. The platform employs advanced identity verification technologies, ensuring that users can smoothly pass rigorous compliance checks during registration and trading processes. Its risk control system continuously monitors trading activities in real time, accurately identifying abnormal behaviors and effectively preventing illegal activities such as money laundering and market manipulation.

    The Zinemx compliance team works closely with international regulatory authorities and legal advisors to ensure that the platform operations adhere to legal and policy requirements in the global financial sector. All trading activities on the platform are strictly monitored and reviewed in accordance with international anti-money laundering regulations.

    As cryptocurrencies increasingly become mainstream assets, regulatory requirements for crypto assets are tightening worldwide. Zinemx Exchange, having secured the U.S. MSB license, also plans to expand localized operations in major markets such as Europe and Asia, thereby advancing its global compliance efforts.

    Looking ahead, Zinemx Exchange will continue to broaden its global compliance footprint by applying for additional financial licenses in more countries and regions, while further enhancing security and risk management measures. The platform is committed to building a more compliant and efficient crypto asset trading environment for investors. In the context of growing regulatory oversight of crypto trading, Zinemx is steadily advancing toward a new stage of international development.

    Media Contact: support@zinemx.org

    Disclaimer: This press release is provided by Zinemx Exchange. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a69b22b7-7f1e-41b0-b6de-3ff0b830fccb

    The MIL Network –

  • MIL-OSI: Allredi Signs Partnership with GMA Garnet Group to Expand its Distribution Network

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, June 12, 2025 (GLOBE NEWSWIRE) — Allredi, a North American distributor of surface preparation, abrasives, and safety products to industrial contractors, announced today that it entered into a partnership with GMA Garnet Group (“GMA”) providing Allredi with access to GMA’s extensive abrasive product line across its supply chain throughout the U.S. and Canada. Allredi is backed by Capstreet, a Houston-based lower middle market private equity firm, and Ridgemont Equity Partners, a middle market private equity firm based in Charlotte, NC.

    Allredi supplies garnet abrasives to end users for the maintenance, cleaning and repair of large steel structures in the industrial, infrastructure, and downstream energy sectors. GMA provides garnet abrasives for use in blasting steel, aluminum, stainless steel, and glass, with operations in North America, Asia-Pacific, Europe, South Africa, and the Middle East.

    “GMA produces a quality, high performance garnet abrasive, and we are excited to partner with them to better serve our customers,” said Allredi CEO Kevin Bourbonnais. “Our agreement with GMA provides Allredi with new access to a large, consistent volume of quality garnet processed in the U.S. With GMA’s processing facilities in Texas, Oregon, and Pennsylvania, we believe we can effectively serve customers throughout the U.S. and Canada, expanding beyond our previous Gulf-centric approach to Garnet distribution.”

    GMA manages the end-to-end supply chain, from sourcing to processing to international distribution, and reprocessing. With a long history of sustainable mining, GMA is focused on energy-efficient processing and reductions in landfill.

    “We’re excited about this partnership with Allredi, which expands our geographic reach across North America,” said Scot Cummins, Regional Sales Director at GMA Americas. “In particular, this will offer us an opportunity to increase our presence across Canada. Allredi’s strong distribution network and customer relationships make them a great fit for delivering GMA’s high-performance garnet to more end users. This partnership also supports our commitment to help customers reduce abrasive waste through initiatives like the Garnet Return Program.”

    To learn more about GMA Garnet Group, visit www.gmagarnet.com.

    About Allredi
    Allredi is a North American distributor of surface preparation, abrasives, and safety products to industrial contractors primarily in the industrial, infrastructure, and downstream energy sectors. The company was founded in 1944 and is headquartered in Pasadena, TX with 24 locations throughout the U.S. and Canada. Please visit www.allredi-us.com for additional information.

    About Capstreet
    Founded in 1990, Capstreet invests in lower middle market software, tech-enabled services, and industrial business services companies. With more than 50 platform investments and more than 200 add-on acquisitions since inception, Capstreet’s investment strategy is focused on utilizing its Capvalue Framework® to help accelerate growth and profitability, and create long-term sustainable businesses. The majority of Capstreet’s investments have been with founder- or entrepreneur-owned businesses. For more information, visit the Capstreet website, https://capstreet.com.

    About Ridgemont Equity Partners
    Ridgemont Equity Partners is a Charlotte-based middle market private equity firm that has provided buyout and growth capital to industry-leading companies in the business services, industrials, and healthcare sectors for three decades. The principals of Ridgemont have refined a proven, industry-focused model designed to build distinctive middle market companies. www.ridgemontep.com.

    Contact:
    Lambert by LLYC
    Joanne Lessner, 212-222-7436, jlessner@lambert.com
    Jennifer Hurson, 845-507-0571, jhurson@lambert.com

    The MIL Network –

  • MIL-OSI: Aemetis CEO Meets with White House, Congress, and Agencies Regarding Support for Domestic Energy and Rural Communities in Budget Bill

    Source: GlobeNewswire (MIL-OSI)

    CUPERTINO, Calif., June 12, 2025 (GLOBE NEWSWIRE) — Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company, announced today that its Chairman and CEO, Eric McAfee, has held meetings regarding support for domestic energy and rural communities in the federal tax bill with members of the Senate and House of Representatives, and with officials at the U.S. Department of Agriculture, Department of Energy, Treasury Department, and the White House National Economic Council. The meetings included a one hour presentation on transferable tax credits and the benefits of Section 45Z production tax credits to the Chief of Staff and biofuels policy staff of the Congressional Joint Committee on Taxation.

    “The One Big Beautiful Bill Act is a generational opportunity to support domestic energy and rural communities through Section 45Z production tax credits for biofuels and biogas,” Mr. McAfee stated. “This year, we have travelled to Washington D.C. more than ten times to meet with the White House, Senate and House, as well as to present to agencies related to biofuels and biogas to communicate the important role of 45Z in the expansion of American energy and the importance of funding to farmers and rural communities through higher value crops.”

    The 45Z production tax credit (PTC) was established in 2022 and went into effect in January 2025. If enacted, the federal tax and spending bill version passed by the House would modify the Section 45Z PTC to extend the credit availability by four years from 2027 to 2031, require the use of domestic feedstocks, and eliminate the indirect land use penalty for ethanol and other biofuels.

    The value of the Section 45Z production tax credits earned by Aemetis is directly correlated with the quantity of biofuels and biogas produced. From 12 dairies currently operating, Aemetis Biogas is rapidly scaling up the construction of dairy digesters to produce renewable natural gas (RNG) using feedstock from 50 dairies that have already entered agreements with Aemetis Biogas. This summer, 16 dairies are scheduled to be operating in the Aemetis Biogas Central Digester Project near Modesto, California, with 36 miles of biogas pipeline and a central biogas-to-RNG production facility already in operation delivering RNG into the PG&E utility gas pipeline.

    Aemetis renewable energy and energy efficiency projects include the expansion of dairy renewable natural gas production to generate more than 1 million MMBtu per year of renewable natural gas; the Keyes ethanol plant mechanical vapor recompression system that is expected to generate $32 million of increased annual cash flow starting in 2026; the Riverbank carbon sequestration project to inject 1.4 million tons per year of CO2 per year underground; and the 78 million gallon per year sustainable aviation fuel and renewable diesel plant that has already received Authority To Construct air permits and other key approvals.

    About Aemetis

    Headquartered in Cupertino, California, Aemetis is a renewable natural gas and renewable fuel company focused on the operation, acquisition, development and commercialization of innovative technologies that replace petroleum products and reduce greenhouse gas emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel fuel biorefinery in California that will use renewable hydrogen and hydroelectric power to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit www.aemetis.com.

    Safe Harbor Statement

    This news release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements include, without limitation, projections of financial results in 2025 and future years; statements relating to the development, engineering, financing, construction and operation of the Aemetis ethanol, biogas, SAF and renewable diesel, and carbon sequestration facilities; our ability to promote, develop, finance, and construct facilities to produce biogas, renewable fuels, and biochemicals; and statements about future market prices and results of government actions. Words or phrases such as “anticipates,” “may,” “will,” “should,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “showing signs,” “targets,” “view,” “will likely result,” “will continue” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to numerous risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, and in our other filings with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws.

    Company Investor Relations
    Media Contact:
    Todd Waltz
    (408) 213-0940
    investors@aemetis.com

    External Investor Relations
    Contact:
    Kirin Smith
    PCG Advisory Group
    (646) 863-6519
    ksmith@pcgadvisory.com

    The MIL Network –

  • MIL-OSI: WTW makes senior appointments to further expand its Insurance Consulting and Technology business

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) — WTW (NASDAQ: WTW), a global advisory, broking and solutions company, today announced the appointments of Scott Van Slyck as Senior Director of Technology Sales and Kate Gingras, JD, as Director of Strategy Execution to its Insurance Consulting and Technology (ICT) business.

    Van Slyck joins WTW from software company Semsee. With more than 20 years of leadership experience in enterprise software and Insurtech sales, he has successfully led high-performing teams at companies including SunGard, Bolttech, Majesco and InsurePay.

    Based in Raleigh, North Carolina, Van Slyck will be a member of the ICT Americas leadership team and report jointly to Giovanni Smyth, Americas Regional Leader for the ICT business, and Charlie Samolczyk, Global Technology Sales Leader. In his new role, he will lead the Americas Technology Sales team with a focus on client outreach, expanding WTW’s technology footprint and accelerating growth across the flagship products of the ICT business.

    Giovanni Smyth, Americas Regional Leader for the ICT business, WTW, said: “With a deep understanding and strong track record within the insurance technology space, Scott has consistently delivered successful programs and revenue growth. He is well placed to further build on our technology sales ambitions and we are excited for him to begin working with our PC and Life teams to bring our innovative solutions to market.”

    Gingras brings over 20 years of experience in driving growth and operational performance for enterprise software companies and insurance markets around the globe. She has worked with insurers as a consultant and innovation partner, bringing new technology products to market for both legacy and startup organizations.

    Based in Boston, Massachusetts, Gingras joins the ICT Americas Leadership Team and reports to Smyth. In her new role, she will work closely with Americas consulting and technology leaders and team members as well as WTW global partners to align strategy, business and operations to further the growth of the ICT business.

    Smyth said: “Kate has worked with major insurers worldwide and successfully directed go-to-market strategies for leading technology firms, and we are delighted that she has joined our team. Kate’s significant industry experience and expertise will bring invaluable strategic insight to our business, playing a pivotal role in helping to deliver meaningful results and exceptional value to our clients.”

    About Insurance Consulting and Technology
    WTW’s Insurance Consulting and Technology business serves the insurance industry with a powerful combination of advisory services and leading-edge technology. Our mission is to innovate and transform insurance, and we deliver solutions that help clients better select, finance, and manage risk and capital.

    We work with clients of all sizes globally, including most of the world’s leading insurance groups. Over 1,000 client companies use our specialist insurance software on six continents. With over 1,700 colleagues in 35 markets, we continually strive to be a partner and employer of choice to the insurance industry.

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

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

    Learn more at wtwco.com.

    Media Contact
    Andrew Collis: +44 7932 725 267 | Andrew.Collis@wtwco.com

    Arnelle Sullivan +1 (718) 208-0474 | Arnelle.Sullivan@wtwco.com

    The MIL Network –

  • MIL-OSI: Charli Capital Expands Investment Intelligence Suite with Investor Relations Dashboard, A First-Of-Its-Kind Dual-Sided Network Platform, Empowering Investors and Companies to Connect, Collaborate, and Capitalize

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) — Charli Capital, the company behind the proprietary Multidimensional AI™ and a leader in financial intelligence infrastructure, today announced the launch of its latest platform innovation: the Charli Investor Relations Dashboard. This transformative tool is set to redefine how investors and private companies connect, communicate, and collaborate in today’s high-velocity financial environment.

    Purpose-built for both public and private market participants, the Charli IR Dashboard offers a first-of-its-kind, dual-sided network interface that eliminates long-standing friction between capital allocators and capital seekers. Leveraging Charli’s advanced AI engine, the platform delivers real-time transparency, structured communication, and intelligent automation—all within a secure, interactive environment.

    “The Investor Relations Dashboard is not just a product—it’s a new capital markets infrastructure layer,” said Kevin Collins, CEO of Charli Capital. “It transforms investor communications from static and reactive to dynamic, intelligent, and proactive. We’re increasing capital efficiency by giving both sides of the market access to the same trusted platform, the same intelligence, and the same opportunity to build value.”

    Built for a New Era of Market Transparency and Capital Agility

    In a time where market velocity, investor scrutiny, and regulatory expectations are intensifying, the Charli Investor Relations Dashboard gives companies a decisive edge. It empowers leadership teams to control their capital markets presence, delivering real-time access to strategic narratives, financial performance, and investor-facing communications—all within a single, trusted platform.

    Key features include:

    • Smart Deal Discovery & Relationship Management – One platform to discover, engage, and manage investment opportunities.
    • Searchable Access to 2M+ Companies – Private and public companies enriched with AI-normalized fundamentals, sentiment analysis, and strategic intelligence.
    • Standardized Investment Scorecards – Delivering consistent, analyst-grade evaluations across multiple asset classes.
    • Investor Readiness Scores – AI-powered benchmarks that help companies improve transparency and attract high-quality capital.
    • Capital Campaign Tools – Securely manage investor outreach, share documents, and deliver timely updates that build trust and keep momentum moving.

    For private and public companies alike, the Charli Investor Relations Dashboard offers a powerful opportunity to take control of their market narrative and stand out in an increasingly competitive funding landscape. By centralizing key financials, strategic messaging, and real-time updates in a single investor-ready profile, companies can showcase their growth story with clarity, confidence, and credibility. No longer reliant on fragmented communications, firms can now engage directly with high-quality investors and accelerate their path to capital—all while building long-term relationships rooted in data, trust, and strategic alignment.

    Availability

    The Charli Investor Relations Dashboard will be available early in July to early adopters including leading exchanges, asset managers, and venture-backed growth companies. The platform is scheduled for general availability this summer, with onboarding and enterprise integrations already underway.

    To learn more and join the waitlist, visit https://product.charliai.com/dashboard-ir

    About Charli Capital
    Charli Capital is redefining the future of private investing through a first-of-its-kind dual-sided network, powered by Multidimensional AI™. The Charli platform delivers real-time insights across more than 2 million private and public companies, empowering investors to uncover opportunities, validate decisions, and connect with confidence. From discovery to due diligence, Charli Capital is where next-generation investment decisions begin.
    To learn more, visit www.charliai.com

    For Media Inquiries, Please Contact:
    Fatema Bhabrawala
    Director of Media Relations
    fbhabrawala@allianceadvisors.com

    The MIL Network –

  • MIL-OSI: Richtech Robotics’ Titan Selected as Robotics Innovation of the Year by the SupplyTech Breakthrough Awards

    Source: GlobeNewswire (MIL-OSI)

    Las Vegas, NV, June 12, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announced that its Titan robot was selected as the winner of the Robotics Innovation of the Year award by the 4th annual SupplyTech Breakthrough Awards program. The Titan robot is designed to increase efficiency and revenue by streamlining delivery, in the automotive repair space for example, allowing employees to work faster and smarter.

    “We’re honored that our Titan robot has been recognized by the SupplyTech Breakthrough Awards for its innovation and impact,” said Matt Casella, President of Richtech Robotics. “Integrating Titan into multi-bay automotive service centers highlights how robotics can eliminate repetitive tasks, boost technician productivity, and ultimately create more value for both businesses and their customers.”

    Richtech Robotics is partnering with leading auto dealerships across the U.S. to integrate its Titan robot into their workflow in order to save time, reduce operational expenses, and enhance overall efficiency. For example, at large multi-bay service centers with a variety of warehouse footprints, customers have reported that Titan has been able to save technicians an average of an hour per day, while also improving the accuracy of the internal parts delivery system.

    The SupplyTech Breakthrough Awards, a part of the Tech Breakthrough Organization, is a recognition platform for companies and individuals driving significant advancements in the supply chain and logistics industry through technology. For more information about the SupplyTech Breakthrough Awards program, visit supplytechbreakthrough.com.

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the benefits of integrating the Titan robot in the automotive repair space, including the likelihood of reducing operational expenses and enhancing overall efficiency.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to Richtech Robotics’ products, industry and general economic and market conditions. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on March 4, 2025, the IPO registration statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

    Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com 

    Media:
    Timothy Tanksley
    Director of Marketing
    Richtech Robotics, Inc
    press@richtechrobotics.com 
    702-534-0050

    The MIL Network –

  • MIL-OSI: Oportun Lead Independent Director Neil Williams Issues Letter to Stockholders

    Source: GlobeNewswire (MIL-OSI)

    Highlights Board’s proactive measures to increase long-term stockholder value and record of effective oversight

    Urges stockholders to vote “FOR” Oportun’s two highly qualified nominees – CEO Raul Vazquez and Carlos Minetti – on the GREEN proxy card

    SAN CARLOS, Calif., June 12, 2025 (GLOBE NEWSWIRE) — Oportun (Nasdaq: OPRT), a mission-driven financial services company, today issued a letter to stockholders from Lead Independent Director Neil Williams detailing the actions that Oportun’s Board of Directors has taken to drive improved financial performance and reposition the Company for future success.

    After nearly eight years of dedicated service to Oportun’s Board, Mr. Williams plans to retire at the Company’s upcoming 2025 Annual Meeting of Stockholders. In his letter urging shareholders to vote in favor of Oportun’s skilled and experienced nominees, Mr. Williams highlights:

    • In response to the changing economic environment, Oportun announced a detailed plan to reduce expenses and streamline operations in February 2023.
    • The announcement of that plan took place nearly two months before the Company was aware that Findell Capital Management was a stockholder. Over the next two years, Oportun:
      • Executed multiple reductions in force; eliminated expenses across the organization; initiated a strategic review process for the Company’s credit card portfolio that eventually resulted in its sale; and discontinued several non-core businesses.
    • Oportun has driven $240 million in cost savings since mid-2022, and over the last two quarters returned to GAAP profitability.
    • Oportun’s highly engaged and qualified Board possesses the right mix of skills and experience to continue driving Oportun’s strong momentum. The expertise of the Company’s nominees, CEO Raul Vazquez and Carlos Minetti, aligns with the needs of the business and provides a strong foundation to guide Oportun moving forward.

    The Board urges stockholders to vote “FOR” Oportun’s two highly qualified nominees using the GREEN proxy card or GREEN voting instruction form. The letter to stockholders and other important information related to the Annual Meeting can be found at VoteForOportun.com.

    The full text of the letter to stockholders follows:

    Dear Fellow Oportun Financial Stockholders,

    My name is Neil Williams and I am the Lead Independent Director at Oportun Financial Corporation.

    At our upcoming Annual Meeting of Stockholders, one of Oportun’s stockholders, Findell Capital, is seeking to remove our CEO, Raul Vazquez, from the Board of Directors. Findell seeks to replace Raul on the Board with an individual who we believe is substantially less qualified and lacks Raul’s institutional knowledge and experience with Oportun. Earlier this year, the Board conducted a comprehensive review of Raul’s performance – as we do every year – and unanimously concluded that Raul is the right person to lead the Company forward. Removing him from the Board would leave Oportun without a seasoned leader and risk destabilizing the Company at a critical time.

    I joined the Board in 2017, at a time when the Board’s focus was on capitalizing on favorable economic conditions to accelerate the Company’s growth. The Board recognized an opportunity to deepen and extend our relationship with our customers and, in doing so, increase long-term stockholder value.

    Together with management, we developed and executed a plan to expand the Company’s offerings to include credit cards, secured personal loans, and tools for savings, budgeting and investing, while also expanding our personal loan portfolio and its regional footprint. That strategy initially resulted in significant growth and improved credit metrics until the economic environment changed dramatically beginning in early 2022. At that point, it became clear that our growth-focused approach was no longer viable.

    Findell would like stockholders to believe that the Board was unresponsive to the challenges the Company faced and only took action after being prompted by Findell and its designees.

    Nothing could be further from the truth.

    When conditions changed, the Board did what responsible fiduciaries are expected to do: we acted decisively with management to put the Company on a better path. In February 2023 – nearly two months before we were even aware that Findell was a stockholder – we announced a detailed plan to reduce expenses and streamline operations. Over the next two years, we:

    • Executed multiple reductions in force;
    • Eliminated expenses across the organization;
    • Initiated a strategic review process for our credit card portfolio that eventually resulted in its sale; and
    • Discontinued several non-core businesses.

    Since we took these actions, our team has been executing well and delivering on our commitments. We have driven $240 million in cost savings since mid-2022, and over the last two quarters Oportun returned to GAAP profitability.

    We also focused on tightening our credit standards in light of the new environment. Our credit tightening actions have been effective in improving the quality of our loan portfolio, as evidenced by the $439 million asset-backed securitization transaction we executed earlier this month, featuring our first class of notes rated AAA. At a 5.67% average yield, this pricing was 128 basis points lower than our January ABS financing, under arguably a more uncertain macroeconomic backdrop.

    All of these actions were initiated before we added two individuals identified by Findell to the Board, and were part of a plan to reposition the Company we had developed independently of Findell.
    It is no coincidence that our longer-serving directors were able to develop and oversee a plan to transform Oportun. These individuals are exceptionally talented and deeply committed to the Company, each bringing complementary and relevant skills to the Board. Their expertise is aligned with the needs of our business and forms a strong foundation for effective oversight.

    • Jo Ann Barefoot is experienced in consumer finance regulation. Her background as former Deputy Comptroller of the Currency, as well as her experience serving on the Consumer Advisory Board of the Consumer Financial Protection Bureau, gives her critical insight into some of the Company’s most significant risks and opportunities. Since joining the Board in 2016, her background and expertise have been instrumental in navigating the regulatory landscape as we expanded our geographic footprint and evolved our business model.
    • As the former President and COO of Khan Academy, Ginny Lee has experience driving growth and operational excellence at a mission-driven, technology-focused organization. In addition, she spent more than 17 years at Intuit where she held multiple senior executive operational and technical roles, including Chief Information Officer. In that role, she helped grow Intuit, now one of the world’s largest fintech companies.
    • As a former senior and managing partner at KPMG, Louis Miramontes has advised hundreds of large public and private companies and their boards on audit, compliance and regulatory matters in the U.S. and Latin America. His expertise in public company financial reporting ensures strong oversight of the Company’s financial reporting processes and compliance.
    • Sandra Smith has a strong track record of building and scaling financial operations at leading technology companies. For example, she held senior financial roles at both public and venture-backed technology companies, including Twilio and Akamai Technologies, where she also led the investor relations program, enabling her to provide a valuable stockholder perspective in the boardroom. Her experience makes her an ideal Chair of our Audit Committee.
    • Raul Vazquez has served as Oportun’s CEO for more than a decade and has helped grow the Company’s loan portfolio from $100 million in 2012 to approximately $3 billion today. Under Raul’s leadership, Oportun grew loan originations from $243 million to $1.8 billion and expanded from 2 to 41 states. Before joining Oportun, he was a senior executive at Walmart.com and Walmart Inc., where he helped shape and scale the company’s multi-channel strategy and developed deep expertise in retail, operations and digital innovation – which prepared him well to lead a multi-channel, customer-centric business like Oportun.

    Over the last 16 months, we have appointed four new independent directors to the Board – Mohit Daswani, Carlos Minetti, Scott Parker and Richard Tambor. In addition, over the last two years, four other directors have stepped down. Importantly, two of the newly appointed directors, Scott and Richard, were recommended by Findell.

    Despite having a strong set of qualified directors, the Company’s 10-member Board was larger than our historical practice, and larger than the boards of many of our peers. We recognized that a smaller Board would be more in line with industry practice, increase focus and improve effectiveness, while also being consistent with feedback from stockholders, including Findell. Accordingly, to facilitate a reduction in Board size from 10 to eight directors, my colleague Scott and I are not standing for reelection at the upcoming Annual Meeting and will step down from the Board at that time.

    As I approach the end of my tenure at Oportun, I am confident that the Company is in good hands and on the right path, as demonstrated by continually improving financial performance in 2024 and the first quarter of 2025. The Board has worked energetically with the management team to create value. While there is more work to do, I am proud of the progress we have made to reposition the business for long-term success.

    Oportun’s transformation has occurred not because the Board was pushed reluctantly into action as Findell claims, but because the Board and management recognized the need for a different approach to address an evolving macroeconomic environment. We proactively set a new direction and have worked diligently to oversee its execution. The incumbent directors have driven that change, and, in my view, are best equipped to ensure Oportun’s momentum continues.

    For these reasons, I strongly encourage you to vote FOR Oportun’s director nominees – Raul Vazquez and Carlos Minetti – by following the instructions on the GREEN proxy card or GREEN voting instruction form.

    Sincerely,

    Neil Williams

    Your Vote Is Important!

    Please vote on the GREEN proxy card “FOR” the Company’s two nominees using one of the following options:

    • Follow the instructions set forth on the enclosed GREEN proxy card or GREEN voting instruction form to vote via the Internet,
    • Follow the instructions set forth on the enclosed GREEN proxy card or GREEN voting instruction form to vote by telephone, or
    • Sign and date the enclosed GREEN proxy card or GREEN voting instruction form and return it in the postage-paid envelope provided.

    Remember, please discard any white proxy card or white voting instruction form that you may receive from Findell. If you have already voted using a white proxy card or white voting instruction form, you may cancel that vote by simply voting again using the Company’s GREEN proxy card or GREEN voting instruction form. Only your latest-dated vote will count!

    If you have any questions about how to vote your shares, please call the firm assisting us with the solicitation of proxies:

    INNISFREE M&A INCORPORATED
    Shareholders may call:
    (877) 800-5195 (toll-free from the U.S. and Canada) or
    +1 (412) 232-3651 (from other countries)

    Cautionary Statement on Forward-Looking Statements
    Certain statements in this communication are “forward-looking statements”. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this communication, including statements as to our future performance, financial position and our strategic initiatives, and the Annual Meeting, are forward-looking statements. These statements can be generally identified by terms such as “expect,” “plan,” “goal,” “target,” “anticipate,” “assume,” “predict,” “project,” “outlook,” “continue,” “due,” “may,” “believe,” “seek,” or “estimate” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would,” “likely” and “could.” These statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events, financial trends and risks and uncertainties that we believe may affect our business, financial condition and results of operations. These risks and uncertainties include those risks described in our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K for the year ended December 31, 2024, as well as our subsequent filings with the SEC. These forward-looking statements speak only as of the date on which they are made and, except to the extent required by federal securities laws, we disclaim any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law. In light of these risks and uncertainties, there is no assurance that the events or results suggested by the forward-looking statements will in fact occur, and you should not place undue reliance on these forward-looking statements.

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/24cd006c-d8c9-4110-a2e8-aecbc29376a0

    The MIL Network –

  • MIL-OSI: CLEAR and Greenhouse Announce Partnership to Enable Candidate Verification

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) — CLEAR (NYSE: YOU), the secure identity company, today announced a new partnership with Greenhouse, trusted HR tech leader and hiring platform, to implement CLEAR1, the identity platform for businesses, to improve hiring trust and reduce manual screening. This innovative partnership will elevate the Greenhouse Real Talent solution by verifying the candidate behind the application. Together, CLEAR1 and Greenhouse will deliver an unprecedented layer of trust with a reusable identity, making candidate verification effortless and secure for organizations and applicants alike.

    Recruiters today face overwhelming candidate pipelines driven by remote work, economic uncertainty, and AI-fueled mass applications. AI has also brought on a surge in fake and fraudulent applications, including deepfakes and identity spoofing, which pose real risks, threatening data security and degrading the quality of hiring. Gartner predicts that by 2028, up to 25% of job applicants could be fraudulent, leveraging sophisticated AI tools to bypass standard hiring controls.

    Greenhouse Real Talent was designed to cut through this noise, applying AI-driven sorting and fraud detection so recruiters can focus on candidates who truly fit the role. With CLEAR1 embedded directly into Greenhouse workflows, teams will be able to verify candidates securely and efficiently. For candidates, the experience is as simple as snapping a selfie within their MyGreenhouse profile.

    “Greenhouse is committed to giving organizations confidence that every hire is the right hire,” said Daniel Chait, CEO of Greenhouse. “CLEAR is the gold standard of identity verification. By integrating it into Real Talent, candidates can have a fast and secure way to verify their identity, and customers can trust that their candidate pipelines are filled with real people—not bad actors.”

    “At CLEAR, we believe that identity is foundational to trust,” said Caryn Seidman Becker, CEO of CLEAR. “In an age where AI can create fake candidates as easily as real ones, our partnership with Greenhouse helps ensure that every applicant is a real person. By integrating CLEAR1 into the hiring process, we’re giving employers peace of mind—and real people a faster, more secure way to prove who they are.”

    With CLEAR1, Greenhouse Real Talent will enable:

    • An integrated approach to identity that matches a candidate’s selfie to their government-issued ID and corroborates details across trusted sources
    • Seamless verification across key touchpoints in the hiring process. Over 31 million existing CLEAR users verify instantly with a selfie, while new users enjoy the same experience after a quick, one-time setup — minimizing friction for both candidates and recruiters
    • Enhanced trust, with CLEAR meeting the highest standards for privacy and data protection. 89% of people agree that CLEAR represents security and trust.

    Key benefits for customers:

    • Know with certainty that candidates are authentic individuals, not AI-generated fakes or impersonators
    • Save recruiter time with smart filtering and verified candidates, so hiring efforts focus on the right people, in a fraction of the time it would take to do this manually
    • Reduce exposure to confidential data leaks and regulatory risk by minimizing fraudulent activity

    Key benefits for candidates:

    • A fast and secure way to verify their identity and build trust with recruiters
    • Verify in seconds if a candidate is already a CLEAR user
    • Built into the existing job application workflow through MyGreenhouse

    Availability

    The Greenhouse Real Talent + CLEAR1 integration will launch for select customers starting in Q3 2025, with expanded rollout and details to be announced soon. Stay updated here.

    About Greenhouse
    Greenhouse is the leading hiring platform to help companies get measurably better at hiring.

    With Greenhouse, organizations can cut recruiting costs and ensure every hire is the right hire, today and as their business grows. Our industry-leading, AI-powered software supports every stage of the hiring process, from sourcing to onboarding. As the only hiring platform you’ll ever need, Greenhouse combines our structured hiring approach – which enables internal alignment and confident data-backed decisions – with technology-forward tools to give companies everything they need to hire top talent quickly, consistently and fairly.

    We’ve helped over 7,500 companies across diverse industry verticals and scaling goals turn talent into a strategic advantage, so they can be ready to hire for what’s next. Some of the most successful companies, like HubSpot, Duolingo, Gong, J.D. Power and Scout24, use Greenhouse for data and guidance on the behaviors and capabilities they need to improve their overall hiring performance.

    Greenhouse has won numerous awards, including Fortune Best Workplaces, Inc. Magazine Best Workplace, Glassdoor #1 Best Place to Work, Forbes Cloud 100, Deloitte Technology Fast 500, Inc. 5000, Crain’s Best Places to Work NYC and Mogul’s Top 100 Workplaces for Diverse Representation.

    © 2025, Greenhouse Software, Inc. All rights reserved. “Hire for what’s next,” “The/Your all-together hiring platform,” “Talent Makers” and the G Logo are trademarks of Greenhouse Software, Inc.

    Writing about Greenhouse? We’ve got everything you need. For access to company logos, images, information and more, contact press@greenhouse.io.

    About CLEAR

    CLEAR’s mission is to strengthen security and create frictionless experiences. With over 31 million Members and a growing network of partners across the world, CLEAR’s identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you – making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we never sell Member data. For more information, visit clearme.com.

    Forward-Looking Statements

    This release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any and such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including those described in the Company’s filings within the Securities and Exchange Commission, including the sections titled “Risk Factors” in our Annual Report on Form 10- K. The Company disclaims any obligation to update any forward-looking statements contained herein.

    For media inquiries:
    media@clearme.com
    press@greenhouse.io

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

  • MIL-OSI: KraneShares Expands Single-Stock Levered ETF Suite With 2X Investment Exposure to Mercado Libre (KMLI)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) — Krane Funds Advisors (“KraneShares”), an asset management firm known for its global exchange-traded funds (ETFs), today announced the expansion of its Single-Stock Levered ETF Suite with the KraneShares 2X Long MELI Daily ETF (Ticker: KMLI), which listed today.

    KMLI seeks daily investment results, before expenses and fees, of 2 times (200%) the daily percentage change of Mercado Libre, a key player in the digitalization of commerce in the developing world.

    Mercado Libre is Latin America’s most popular E-Commerce platform, beating out Amazon in the region in terms of users.1 Mercado Libre helps power the digital transformation in 18 developing and middle-income countries through frictionless commerce and financial inclusion.2

    “Global consumer internet companies continue to represent an important growth theme, as internet adoption increases, especially in the developing world,” said James Maund, KraneShares Head of Capital Markets. “We are excited to expand our Single-Stock Levered ETF Suite with KMLI, whose underlying exposure, Mercado Libre, is a cornerstone of the digital transformation in Latin America. We hope to continue to expand the Suite to help our investors capitalize on the latest growth trends within international internet and technology markets.”

    The global middle class already accounts for two-thirds of global spending,3 and an increasing portion of that spending is occurring online. Mercado Libre is an innovative player facilitating this transition and stands to benefit substantially from increasing E-Commerce penetration rates in global markets.

    For more information on the KraneShares Single Stock Levered ETFs, please visit https://kraneshares.com/kmli or consult your financial advisor.

    Investors should be aware that they can lose their entire investment. Single-stock ETFs, unlike traditional ETFs that diversify across a range of stocks, focus solely on the performance of a single stock, significantly increasing investment risk. KraneShares Single Stock Levered ETFs aim for daily investment results that match 2x the daily performance of the underlying stock. Investors should be aware that returns may diverge from the stock’s actual performance if held for more than a day.

    Due to their leveraged nature, these funds require close monitoring, as they can magnify both potential gains and losses. A flat performance of the underlying stock may lead to a loss, and in certain scenarios, these funds can incur losses even when the stock price fluctuates positively or negatively over several days. Therefore, they are not suitable for every investor and are specifically intended for knowledgeable individuals who grasp the mechanics of leveraged investing and are willing to actively manage risks. Understanding volatility is essential, as minor stock movements and increased volatility can result in returns that significantly deviate from the expected target.

    About KraneShares

    KraneShares is a specialist investment manager focused on China, Climate, and Alternatives. KraneShares seeks to provide innovative, high-conviction, and first-to-market strategies based on the firm and its partners’ deep investing knowledge. KraneShares identifies and delivers groundbreaking capital market opportunities and believes investors should have cost-effective and transparent tools for attaining exposure to various asset classes. The firm was founded in 2013 and serves institutions and financial professionals globally. The firm is a signatory of the United Nations-supported Principles for Responsible Investment (UN PRI).

    Citations:

    1. Westberg Peter. “Mercado Libre: The Digital Backbone of Latin America,” Quartr. January 3, 2025.
    2. Company Reports as of 12/31/2025.
    3. Data from Brookings Institution as of 12/31/2021.

    Important Notes:

    Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s full and summary prospectus, which may be obtained by visiting: www.kraneshares.com/kmli. Read the prospectus carefully before investing.

    Risk Disclosures:

    Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

    This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

    The Fund may invest in derivatives, which are often more volatile than other investments and may magnify Fund’s gains or losses. Derivatives (i.e., futures/forward contracts, swaps, and options) are contracts that derive their value from the performance of underlying assets. The primary risk of derivatives is that changes in the assets’ market values and the derivatives may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risks. The Fund is subject to liquidity risks, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If transactions for these securities are large, it may not be possible to initiate them, which may cause the Fund to suffer losses. Counterparty risks are the risks of loss in the event that the counterparties to an agreement fail to make required payments or otherwise comply with the terms of the derivatives.

    The Underlying Stocks are exposed to numerous risks that can impact their revenues and viability, such as price volatility, management, inflation, global economic conditions, and natural disasters. Their performances may be influenced by trends in commerce, cloud computing, international trade policies, and regulatory changes. The Fund’s daily returns rely on the Underlying Stocks’ performances and volatility. Issuer-specific factors may increase Fund investment volatility compared to the overall market. Mercado Libre faces risks from competition in E-Commerce, economic uncertainties, demand declines, revenue concentration, geopolitical events, intellectual property issues, exchange rates, reliance on third-party manufacturing, shortages, cybersecurity threats, system failures, rising costs, government regulations, compliance expenses, litigation, taxes, debt, and talent retention.

    The Fund aims for daily investment results of 200% of the daily percentage changes of the Underlying Stock. Their performances over longer periods will likely differ from the Underlying Stock due to compounded returns, which significantly affect leveraged funds. If the Underlying Stock perform poorly, the dollar losses for shareholders will be smaller if their investments have already decreased. Conversely, if the stocks perform well, future losses will be larger as the investment values have increased. Compounding effects become more pronounced with higher volatility and longer holding periods, impacting shareholders differently based on their investment durations and the stocks’ volatility. Various factors can impact the Fund’s correlations with Underlying Stocks, and achieving high correlations is not guaranteed. If the Fund fails to achieve correlation, they may not meet their investment objectives, with NAV changes varying significantly from 200% of the Underlying Stocks’ changes. To maintain correlations, the Fund’s attempt daily rebalancing for consistent exposures. Major deviations can increase leverage risks. Market disruptions and volatility can hinder the Fund’s ability to adjust. Target exposures fluctuate, making perfect 200% exposures unlikely, especially on volatile days. Other elements, like fees and market conditions, can also affect correlations. The Fund may change positions for tax efficiency, which could harm correlations. Large asset movements or trading discrepancies may lead to under- or overexposures, reducing the Fund’s ability to meet their daily objectives. The Fund uses leverage to gain investment exposure beyond their net assets, leading to potentially greater losses in adverse conditions than non-leveraged funds. A decline in the Underlying Stocks’ daily performance can magnify losses, decreasing the Fund’s value by 2% for each 1% drop, excluding costs. Losses could exceed net assets if the Underlying Stock falls over 50%. Due to limited investments, the Fund may need to limit or suspend the creation or redemption of Creation Units. During these times, shares might trade at significant premiums or discounts to their net asset values. If creations are halted, large redemptions could force the Fund to sell securities at unfavorable prices, increasing costs and taxable distributions to shareholders. The Underlying Stock is listed on an exchange, but an active trading market isn’t guaranteed, and trading can be halted. A halt in the Underlying Stock usually leads to a halt in the Fund’s shares. Trading may stop due to market conditions or exchange decisions, and halts can occur from extraordinary volatility under circuit breaker rules. Extended trading halts may hinder the Fund’s ability to arrange necessary swaps for its investment strategy.

    Narrowly focused investments typically exhibit higher volatility. The Fund’s assets are expected to be concentrated in a single stock. The securities or futures in that concentration could react similarly to market developments. Thus, the Fund is subject to loss due to adverse occurrences that affect that concentration. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. KMLI is non-diversified.

    The Latin American economy is an emerging market, vulnerable to domestic and regional economic and political changes, often showing more volatility than developed markets. Companies face risks from potential government interventions, and the export-driven economy is sensitive to downturns in key trading partners, impacting the Fund. Regulatory standards in these markets are less stringent than in the U.S., resulting in limited information about issuers. Tax laws are unclear and subject to change, potentially impacting the Fund and leading to unexpected liabilities for foreign investors. The economies of certain Latin American countries have experienced high interest rates, economic volatility, inflation, and high unemployment rates. Fluctuations in the currencies of foreign countries may have an adverse effect on domestic currency values. The Fund is new and does not yet have a significant number of shares outstanding. If the Fund does not grow in size, it will be at greater risk than larger funds of wider bid-ask spreads for its shares, trading at a greater premium or discount to NAV, liquidation and/or a trading halt.

    ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.

    The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Fund, or any sub-advisers for the Fund.

    Contact:
    KraneShares Investor Relations
    info@kraneshares.com

    The MIL Network –

  • MIL-OSI: TransUnion Analysis Reveals Massive Performance Gap Between Best and Worst Audience Targeting Decisions

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, June 12, 2025 (GLOBE NEWSWIRE) — An analysis from TransUnion (NYSE: TRU) sheds new light on the impact of audience composition on marketing performance, showing that making the best targeting decisions can have a compounding effect on return on ad spend (ROAS}—an upside of up to 9x.

    The analysis, based on real-world campaigns from 25 TransUnion measurement clients across five verticals, revealed a widening performance gap as audiences became more targeted: An audience built with two optimal consumer traits had a 3.6X ROAS upside, while an audience with three optimal traits had a 7.2X ROAS upside.

    Conversely, the analysis also highlights the risk of making sub-optimal targeting decisions, i.e., the more campaigns were targeted to the wrong audience segments, the worse they performed. At the farthest end of that spectrum, mistargeted campaigns saw –90% ROAS, placing fresh emphasis on the importance of audience building to the bottom line.

    “In a world with thousands of targeting choices, the challenge is selecting the most effective option from many that appear similar,” said Matt Spiegel, EVP of TruAudience Growth Strategy. “Our data proves that even within common attributes like income or age, the performance difference can be massive.”

    Positive and Negative Impact of Targeting Sophistication on ROAS

      Single
    Characteristic
    Audience    		 Two
    Characteristics
    Combined    		 Three
    Characteristics
    Combined    		 Four
    Characteristics
    Combined    		 Six
    Characteristics
    Combined
    Correct
    Decisions    		 97% 3.6X 7.2X 8.3X 9X
    Wrong
    Decisions    		 -49% -78% -88% -89% -90%

    The analysis evaluated 26 targeting attributes across six distinct categories such as age, income, presence of children, and neighborhood type. The findings showed that even subtle variations in targeting led to significant swings in return on ad spend — reinforcing the need for smarter audience strategy.

    Rather than defaulting to broad assumptions — like “go after high income” or “target by age group” — marketers have an opportunity to uncover more precise combinations, often where they least expect them. The analysis reveals just how much performance can hinge on thoughtful, data-backed audiences.

    “This isn’t guesswork — it’s measured behavior,” said Mike Finnerty, SVP Marketing Solutions at TransUnion. “Recognizing the impact of the best targeting decisions on the bottom line and pulling out actionable insights is only possible when you have a persistent view of identity that runs through every marketing activity, from planning to measurement.”

    Ultimately, this analysis illustrates the true potential of multi-dimensional targeting, putting it alongside engaging creative as a key driver of marketing performance.

    “In today’s marketing landscape, great creative and thoughtful precise targeting are both needed to create the best outcomes. And it is worth noting that targeting decisions by themselves, especially more advanced targeting strategies, are independently impactful,” concluded Spiegel.

    Click here to learn more about TruAudience audience solutions.

    Methodology
    The analysis is based on Q4 2024 campaign data from 25 brands across five industries, with at least two brands per industry. Quarterly spend ranged from $5 million to over $100 million per brand. In total, $1.5 billion in campaign spend and over 18.4 billion events across a broad set of addressable paid media channels, including audio, connected TV, display, search, social and video were analyzed using TransUnion’s MTA platform and TruAudience® identity graph. Return on ad spend reflects actual ad exposure and conversion outcomes at the household level.

    About TransUnion (NYSE: TRU)
    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business

    The MIL Network –

  • MIL-OSI: Oyster Solutions To Add CAT Reporting Agent Services To CAT, CAIS Modules

    Source: GlobeNewswire (MIL-OSI)

    RICHMOND, Va., June 12, 2025 (GLOBE NEWSWIRE) — Oyster Solutions, the premier provider of GRC software for financial services firms, announced that it will be offering Consolidated Audit Trail (CAT) Reporting Agent services. This designation will further strengthen the platform’s ability to support clients with end-to-end CAT and CAIS compliance and reporting solutions in one central program.

    The Oyster Solutions CAT and CAIS modules are built on the success of Oyster Solutions’ previous investments into governance, risk and compliance technologies, which to date have helped financial services professionals improve the efficiency and accuracy of their compliance programs.

    Users of the Oyster Solutions CAT/CAIS modules also benefit from direct access to Oyster Consulting’s experts, who provide strategic guidance, regulatory insight, and hands-on support to optimize reporting accuracy and ensure ongoing compliance.

    The Consolidated Audit Trail (CAT) Module

    The Oyster Solutions CAT module consolidates CAT reporting events, error analysis, and validation data into a central program. It finds mistakes, connections, and holes, and quickly fixes them in large quantities that the FINRA CAT Portal cannot. This powerful application helps identify errors, connections, and missing information in vendor data and CAT-reported data, making the reporting process easier and more efficient for you.

    Unlike many of its competitors, the Oyster Solutions CAT module provides CAT file aggregation into a single surveillance platform. This includes:

    • Unlimited CAT/CAIS reporting data files data
    • Unlimited CAT/CAIS FINRA CAT Feedback Files data files
    • Unlimited CAT/CAIS Source files to validate CAT/CAIS report submission files*

    CAT Transactional reporting validation, correction and reconciliation features include:

    • CAT Transactional product and event type aggregation tabs
    • Named error identification and support
    • Automated identification of error events and related audit trail events for research
    • Syntax or field level validation
    • Bulk repair utilities not offered in the FINRA CAT portal
    • Accepted late event identification
    • Source file validation
    • Built-in validations for error corrections and new event creation

    CAIS Module

    The Oyster Solutions CAIS Reporting module helps firms achieve compliance with the full FINRA CAIS Reporting Obligation. The CAIS module uses a web-based GUI that provides firms with practical data so users can efficiently identify, monitor, and manage errors which may impact their report.

    Unlike many of its competitors, the Oyster Solutions CAIS module allows firms to have all CAT transaction and CAIS reporting data in single application. The CAIS module also provides:

    • Efficiency improvements related to centralized data aggregation and enhanced report validation
    • The same research capabilities as in the CAT transactional module (see above)
    • Account and Customer concentric data views
    • Multi-level FDID Reconciliation
    • Material inconsistency feedback efficiencies
    • CAIS reporting history that allows you to track reporting updates
    • LTID and ULTID reporting management

    CAT/CAIS Surveillance

    Over 100 pre-formatted reports provide graphic and sequential displays of data so you can quickly search, sort and filter. Customizable data views allowing limitless sorting/filtering of all reporting data elements, as well as a FINRA CAT technical specification view of reporting events, a linkage tree view showing complete intrafirm audit trail and Dynamic reporting event information grids.

    Streamlined Compliance

    In addition to these popular features that set Oyster Solutions apart, core features of the platform allow you to tailor entitlements and governance, track open issues, upload documentation, and import and export documentation. Audit functions allow you to provide surveillance evidence.

    • Trade Surveillance and Supervision. Oyster Solutions’ Monitor module is specifically designed for the distinct workflows, procedures, and requirements intrinsic to regulatory supervision and surveillance demands. Compliance and Trade Desk teams can leverage Oyster Solutions to compare client activity, profile and investment holdings to employee information, identifying conflicts of interest, compliance parameters and risk tolerance.
    • Governance and Planning. The Oyster Solutions Governance module helps financial services firms define and quantify risk, matching risks to controls, and monitoring process. Oyster Solutions keeps business and controls balanced while meeting regulatory requirements. Role-based permissions allow for visibility by user responsibility, assigned tasks, and supervision to guarantee efficient compliance program management.
    • Centralized documentation allows compliance officers to easily find and retrieve documents, audit logs, test results and attestations.
    • Automated Workflows & Calendar. With the platform’s enhanced, automated calendar, you can schedule compliance workflows, notify users of tasks and guide employees step-by-step through the process. You have visibility into each automated action that will occur, giving you control and peace of mind.

    Data Security

    Oyster Solutions is committed to the security of our customers and their data. Our customers entrust sensitive data to our care. As a cloud-based company entrusted with some of our customers’ most valuable data, we are focused on keeping you and your data safe. Keeping customer data safe is our priority. Oyster Solutions utilizes a Software-as-a-Service (SaaS) model in which security is a shared responsibility among Amazon Web Services (AWS), Oyster Solutions and our customers.

    Additionally, Oyster Solutions’ role-based access ensures that only authorized users have visibility into sensitive client information. Administrators assign appropriate privileges, safeguarding sensitive person identifying information (PII) while enhancing compliance with regulatory requirements.

    About Oyster Solutions

    Oyster Solutions is transforming the compliance experience for broker-dealers, Registered Investment Advisors and exchanges by creating the industry’s leading GRC technologies for financial services firms—to keep firms and their clients better protected. Firms of all sizes use Oyster Solutions to manage their compliance programs, streamline tasks through automation, and improve trade surveillance and supervision. Oyster Solutions and Oyster Consulting LLC are subsidiaries of Oyster Holdings. Learn more at https://www.oysterllc.com/what-we-do/oyster-solutions/.

    Contact

    Buddy Doyle
    Founder, CEO Oyster Consulting LLC

    communications@oysterllc.com

    804-965-5400

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b2916e4c-a90b-41d2-a0fb-a2bd2cece419

    The MIL Network –

  • MIL-OSI: NordPass aims to solve the password sharing mess in companies with a new feature

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 12, 2025 (GLOBE NEWSWIRE) — NordPass, a password manager and innovator of seamless authentication solutions, has introduced a unique, user-friendly dashboard that gives businesses control over all their shared credentials and folders. This new feature will give dedicated administrators in the organization the ability to oversee and modify permissions, as well as revoke access to those items from a centralized sharing control panel.

    “As organizations scale, credentials and other sensitive resources are frequently shared across teams informally or without consistent oversight. Without a centralized system to manage these interactions, organizations face several critical risks, like retaining access to sensitive resources for offboarded or role-changed users. Thus, the new feature addresses the root issues of fragmented visibility and lack of control,” says Karolis Arbaciauskas, Head of Business Product at NordPass.

    A centralized sharing control panel within the NordPass Admin Panel will help dedicated employees to oversee and manage all shared items across the organization. The Sharing Hub provides full visibility into shared data, including who has access, the level of their access, and who shared the items.

    NordPass’ Sharing Hub brings a unique, streamlined approach, providing a level of centralized visibility and direct control that is not available in other solutions today. This includes the ability to view and manage peer-to-peer shared individual items. This Enterprise plan feature enables businesses to monitor changes and respond quickly to potential misconfigurations or threats, taking action before incidents occur.

    Additionally, NordPass aligns with the vision of effortless cybersecurity, ease of use, and flexibility for all employees. “Strictly prohibiting credential sharing often drives employees to insecure workarounds. For example, when password managers restrict sharing, employees may resort to copying credentials into unencrypted channels like messaging platforms or emails. These fragmented practices compromise both security and usability. Thus, our goal is to enable employees to easily share credentials when needed while ensuring that admins retain oversight and control, guaranteeing that sharing remains safe and appropriate,” says Arbaciauskas.

    The latest research from NordPass reveals that corporate passwords are shockingly predictable across industries, making businesses an easy target for cybercriminals. Despite investing millions in security and innovation, companies still rely on weak, easily guessed passwords. Among the most popular ones are “123456”, “admin”, “password”, and “secret.”

    ABOUT NORDPASS

    NordPass is a password manager for both business and consumer clients. It’s powered by the latest technology for the utmost security. Developed with affordability, simplicity, and ease of use in mind, NordPass allows users to securely access passwords on desktop, mobile, and browsers. All passwords are encrypted on the device, so only the user can access them. NordPass was created by the experts behind NordVPN – the advanced security and privacy app. For more information: nordpass.com.

    More information: egidijus@nordsec.com

    The MIL Network –

  • MIL-OSI: Fiduciary Services Group Selects Midaxo to Drive Programmatic M&A Strategy

    Source: GlobeNewswire (MIL-OSI)

    BOSTON and PHILADELPHIA, June 12, 2025 (GLOBE NEWSWIRE) — Fiduciary Services Group (FSG), a forward-thinking retirement services firm, has selected Midaxo, a leading mergers and acquisitions (M&A) software platform, to power the company’s shift toward a scalable, programmatic M&A strategy.

    “Transitioning from ad-hoc M&A activity to a structured repeatable acquisition program is essential to FSG’s growth strategy,” said Christian Fulmino, Head of Corporate Development and M&A at FSG. “Midaxo’s purpose-built M&A platform will help us create a faster, higher-quality, and more efficient M&A program by improving the organization and structure of our diligence process, increasing the repeatability of our activities, and enhancing visibility through robust analytics and reporting.”

    FSG’s adoption of Midaxo underscores its commitment to utilizing technology to drive sustainable growth.

    “We are excited to partner with FSG as they scale their M&A program,” said Jude McColgan, CEO of Midaxo. “FSG recognized that Midaxo’s integrated platform—offering best-practice frameworks, reusable diligence workflows, and real-time process insights—can help unlock the inorganic growth they are targeting.”

    About Fiduciary Services Group
    Fiduciary Services Group Family of Companies (FSG) is a leader in enhancing all aspects of retirement services. With a comprehensive focus on recordkeeping services, compliance, government reporting, actuarial services, trust and custody solutions, and investment advisory services, FSG is committed to delivering innovative and reliable support to its clients. As the parent company of PCS Retirement, Advisor Trust, Aspire, ABGRM, DWC, and others, FSG champions a collaborative approach to empowering organizations, advisors, and participants in achieving their retirement goals.

    For further information, please contact fsg-marketing@fsgretire.com.

    About Midaxo  
    Midaxo provides the most widely used work management solution for corporate development. Digitally transforming the transaction process, Midaxo Cloud leverages automation, AI, and machine learning to deliver accelerated inorganic growth while decreasing deal risk. The platform can be customized to fit the needs of each company to enable corporate development and M&A leaders to find, evaluate, and deliver inorganic growth with unprecedented speed and accuracy. Users of the M&A capabilities report identifying and managing 5x more targets, reducing diligence time by 50%, and accelerating time to value realization up to 40%. More than 500 Midaxo customers, including Banner Health, Daimler AG, Professional Services Co., and United Site Services, have closed over 5,000 transactions valued in excess of $1 trillion.  

    Contact:  
    Hanna Brenner  
    Midaxo  
    Hanna.brenner@midaxo.com 

    The MIL Network –

  • MIL-OSI: Inuvo Reaffirms 25% Q2 YOY Growth Guidance and Completes 1:10 Reverse Stock Split

    Source: GlobeNewswire (MIL-OSI)

    LITTLE ROCK, Ark., June 12, 2025 (GLOBE NEWSWIRE) — Inuvo, Inc. (NYSE American: INUV), a leading provider of artificial intelligence-driven AdTech solutions, today announced that it was reaffirming its prior guidance that the Company was expecting revenue growth for the second quarter of not less than 25% on a year-over-year basis. The Company also completed a 1-for-10 reverse stock split of its outstanding common stock, as approved by shareholders at the Annual Meeting held on May 22, 2025.

    Inuvo’s purpose in effectuating the reverse stock split is to improve the marketability and liquidity of its stock aiming to attract a broader range of institutional investors and analysts in support of its long-term growth strategy.

    Richard Howe, Chief Executive Officer of Inuvo, commented, “Following two consecutive record-breaking quarters, we believe this strategic action will make our stock more accessible to institutional investors, many of whom are restricted from purchasing stocks trading below certain thresholds.”

    About Inuvo

    Inuvo®, Inc. (NYSE American: INUV) is a market leader in Artificial Intelligence built for advertising. Its IntentKey® AI solution is a first-of-its-kind proprietary and patented technology capable of identifying and actioning to the reasons why consumers are interested in products, services, or brands, not who those consumers are. To learn more, visit www.inuvo.com.

    Safe Harbor / Forward-Looking Statements

    This press release includes certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to qualify for the “safe harbor” from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements include risks and uncertainties detailed in Inuvo, Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, Inuvo’s subsequent Quarterly Report on Form 10-Q for the period ended March 31, 2025, and Inuvo’s other filings with the SEC. Inuvo cannot provide assurances that the assumptions upon which these forward-looking statements are based will prove to have been correct. Should one of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements, and investors are cautioned not to place undue reliance on these forward-looking statements, which are current only as of this date. Inuvo does not intend to update or revise any forward-looking statements made herein or any other forward-looking statements as a result of new information, future events or otherwise. Inuvo further expressly disclaims any written or oral statements made by a third party regarding the subject matter of this press release.

    Inuvo Company Contact:
    Wally Ruiz
    Chief Financial Officer
    Tel (501) 205-8508
    wallace.ruiz@inuvo.com

    The MIL Network –

  • MIL-OSI Africa: Can the African Energy Bank Transform the Continent’s Refining and Downstream Future?


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    Set to launch in June 2025 with an initial $5 billion in capital, the African Energy Bank (AEB) is positioned to catalyze a shift in Africa’s energy sector. Established by the African Petroleum Producers’ Organization (APPO) in partnership with multilateral financial institution Afreximbank, the AEB aims to mobilize capital for upstream, midstream and downstream energy projects, addressing a continent-wide investment shortfall estimated at up to $50 billion annually. By providing accessible, Africa-focused financing, the AEB is expected to reduce dependency on foreign capital and imports, especially in the downstream sector where over 80% of refined petroleum products are currently imported.

    The AEB’s role in advancing refining capacity and downstream development will take center stage at this year’s African Energy Week (AEW): Invest in African Energies 2025 conference – taking place from September 29 to October 3 in Cape Town. As Africa’s premier platform for energy dialogue and investment, AEW: Invest in African Energies 2025 will spotlight the AEB’s potential to transform Africa’s energy landscape.

    Driving Refining Capacity Through Local Investment

    Despite holding over 125 billion barrels of oil and 620 trillion cubic feet of natural gas, Africa continues to struggle with insufficient refining capacity, forcing nations to export crude oil and re-import refined products at a premium. Institutions such as the African Refiners and Distributors Association (ARDA) have long-advocated for investment in modernizing and expanding Africa’s refining infrastructure. Current projections indicate that African petroleum demand will increase from 4.1 million barrels per day (bpd) to 5.3 million bpd by 2040 – a trend that underscores the urgency of building self-sufficient refining systems.

    As such, the AEB – headquartered in Abuja, Nigeria and scheduled to begin operations in the second quarter of 2025 – is uniquely positioned to support strategic investment across Africa’s downstream and refining sectors. With an ambition to grow its asset base to $120 billion, the bank is positioned to unlock domestic value chains and catalyze large-scale projects that meet the continent’s rising demand for petroleum.

    Momentum in Downstream Expansion

    Recent developments across the continent reflect growing momentum to scale refining capacity. Angola expects phase one of the Cabinda refinery to begin operations in 2025, bringing 60,000 bpd to the market. The country has a goal to increase capacity to 445,000 bpd and is on track to reduce imports of derivatives by 14% by 2026. Nigeria’s 650,000-bpd Dangote Refinery began producing diesel and aviation fuel in 2024, marking a significant milestone for domestic processing. Similarly, upgrades to the Port Harcourt Refinery and ongoing expansion to Ghana’s Sentuo Oil Refinery highlight national efforts to meet growing demand.

    Equatorial Guinea’s recent agreement with Shanghai SupeZet to build a new refinery and expand the Bata facility further illustrates the strategic push toward local processing. These efforts not only reduce import dependency but also create jobs, enhance energy security and promote regional trade in refined products.

    Aligning Regional Integration and Investment

    Africa’s refining and energy infrastructure ambitions are closely tied to broader goals of economic integration. The African Continental Free Trade Agreement, ratified by more than 48 countries, creates a platform for cross-border energy projects by removing trade barriers and harmonizing investment policies. It also supports the development of regional supply chains, enhancing the commercial viability of shared infrastructure.

    The AEB will play a central role in supporting these regional ambitions by working with over 700 African financial institutions and APPO member states to channel funding into integrated, cross-border energy systems. By reducing the time, cost and risk associated with project development, the bank could accelerate the pace of infrastructure buildout across the continent.

    Distributed by APO Group on behalf of African Energy Chamber.

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

    MIL OSI Africa –

  • MIL-OSI Africa: Azule Energy Chief Executive Officer (CEO) to Discuss Angolan Projects, Future Investments at Angola Oil & Gas (AOG) 2025

    Adriano Mongini, CEO of international energy company Azule Energy, will speak at this year’s Angola Oil & Gas (AOG) conference. Taking place on September 3-4 in Luanda, the event is the premier event for the country’s oil and gas industry, convening leaders, operators and financiers under one roof. At the helm of various impactful projects in Angola, Azule Energy is well-positioned to lead dialogue on Angola’s oil and gas industry – which continues to serve as a catalyst for development as the country celebrates 50 years of independence in 2025.  

    As the country’s largest independent equity producer of oil and gas, Azule Energy has set a bold target to reach 250,000 barrels per day (bpd). To achieve this, the company is advancing offshore oil projects while spearheading the country’s first non-associated gas development. Through innovative FPSO technologies, expanded production facilities and partnerships with international operators, the company is setting a strong benchmark for sustainable oil and gas production. At AOG 2025, Mongini is expected to outline ongoing projects.  

    AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com. 

    Azule Energy is preparing to start operations at two major oil and gas projects. The first project, featuring the development of the Agogo FPSO, aims to increase production capacity at the Agogo Integrated West Hub Development. Situated in Block 15/06, the project comprises the operational Ngoma FPSO, with the addition of the Agogo vessel expected to increase capacity by 120,000 bpd. The project is developed in partnership with Angola’s national oil company Sonangol E&P and Chinese firm Sinopec. As of May 2025, the Agogo FPSO arrived in Angolan waters, planning a H2, 2025 start.  

    In addition to the Agogo project, Azule Energy – as operator of the New Gas Consortium (NGC) – is developing the country’s first non-associated gas project. The project will harness gas resources from the Quiluma & Maboqueiro (Q&M) shallow water fields and features the construction of an onshore facility and a connection to the Angola LNG plant in Soyo. In February 2025, Azule Energy – alongside its NGC partners Cabinda Gulf Oil Company, Sonangol P&P and TotalEnergies – completed the offshore platforms for the project. Production is set to start in early-2026.  

    With 18 licenses – 11 of which are operated – and a combined production portfolio of 210,000 bpd, Azule Energy plays an instrumental part in monetizing Angola’s oil and gas resources. As the company expands its production portfolio, Azule Energy will continue to unlock value from the hydrocarbon market. Through his participation at AOG 2025, Mongini will offer insight into the company’s strategy in Angola, including non-associated gas opportunities, strategies for boosting production and future prospects.   

    Distributed by APO Group on behalf of Energy Capital & Power.

    MIL OSI Africa –

  • MIL-OSI Europe: Luis de Guindos: “More Europe” and financial integration

    Source: European Central Bank

    Keynote speech by Luis de Guindos, Vice-President of the ECB, at the annual Joint Conference of the European Commission and the European Central Bank on European financial integration

    Brussels, 12 June 2025

    Introduction

    I am once again delighted to speak at the annual joint conference of the European Commission and the European Central Bank on European financial integration. This is an important event for us as we come together to appraise and advance financial integration in Europe.

    The recent sea change in US economic policy and the multilateral rules-based system has been an important wake-up call for Europe. The pattern of globalisation is set to shift significantly and give way to increased economic fragmentation on a global scale. Unreliability and unpredictability are likely to persist for years to come, making uncertainty a defining feature that will not be overcome any time soon. This uncertainty extends beyond trade to other domains such as monetary, fiscal or national security policy.

    The European Union’s success rests on the pillars of free trade and openness. Compromising these ideals threatens the very foundation upon which the EU is built. Multilateralism and international cooperation are the principles that form the basis of the EU’s global governance and economic strategies. Despite this period of heightened geopolitical and policy uncertainty, the EU should stick to its values and strengthen its resolve. We must take this opportunity to strengthen the European project as its future depends on us and us alone.

    While our conference is clearly centred on advancing financial integration, my main message today is that we must make progress on all fronts. The Single Market is the focal point and driving force of European integration, intrinsically linked to the EU’s strategic objectives.[1] However, a true single market for goods and services within the EU remains elusive, hindered by persistent barriers and divergent national rules. National markets still often represent a major impediment to growth and innovation in sectors where global competition requires action on a European scale.

    Progress on integration in the real economy – entailing the strengthening of the performance and scalability of European businesses – requires progress in its financing through banks and capital markets. But the banking union remains incomplete, while EU capital markets remain fragmented. We need to seize the moment and make progress on these three fronts in order to reinforce the Economic and Monetary Union and foster growth.

    The outlook for growth and inflation

    Let me say a few words about the euro area economy. Compared with the situation a year ago, our concerns have shifted from high inflation to slow growth.

    The euro area economy grew more than expected in the first quarter of 2025, by 0.6% quarter on quarter. This however reflects temporary factors likely to revert. Survey data point overall to weaker prospects in the near term. Higher tariffs and the stronger euro make it harder to export, and high uncertainty is weighing on investment. At the same time, the strong labour market, rising real incomes and easier financing conditions should support growth in the medium term. This outlook is confirmed by our projections, indicating real growth rates gradually increasing from 0.9% in 2025 to 1.3% in 2027. Inflation is currently at around our 2% medium-term target. Importantly, we see wage growth moderating from still elevated levels. In our new projections, it is set to average 2.0% in 2025, 1.6% in 2026 and 2.0% in 2027. The downward revisions for this and next year, mainly reflect lower assumptions for energy prices and a stronger euro.

    Given the progress with inflation approaching our medium-term target on a sustained basis, we have been able to lower our key interest rates several times, by a total of 200 basis points since June last year.

    Now, though, we face exceptional uncertainty generated by geopolitical fragmentation and the volatile trade policy. The euro area economy has proved fairly resilient to date, supported by a strong labour market. That said, there may be challenges ahead, considering the size and frequency of shocks amid elevated uncertainty. While it is impossible to predict exactly what will happen, these developments may well have a dampening impact on growth in the euro area. It is therefore important for us to closely monitor what is happening in the real economy, partly as an early indicator for the inflation outlook. With inflation around our 2% target, structural reforms and growth-oriented fiscal policy become crucial to foster productivity and competitiveness in the EU.

    Financial integration in the EU

    This brings me back to the European project. The Single Market continues to be a cornerstone of European integration and values, serving as a powerful catalyst for growth. Given the rapidly shifting geopolitical environment we face right now, the current juncture is the right moment to look inwards and make progress on competitiveness and growth by taking bolder steps towards a truly unified single market for goods and services. The fact that integration has advanced so little in the EU real economy has, to a large extent, failed to prompt decisive integration in the banking sector and EU capital markets.

    Last year I lamented the fact that financial integration was back to the levels seen at the start of the monetary union. Today I can say that we have recently observed a positive trend in the price and quantity-based measures of financial integration.[2] Importantly, this holds true for measures of integration in an equity market which is critical for sourcing risk capital for innovative and high-growth companies. This improvement also applies to the banking market, which is key to financing the small and medium-sized enterprises that form the backbone of the euro area economy. At the same time, we are still far from the levels we might wish for a truly integrated financial market.

    An incomplete banking union is a large gap in our institutional framework. Despite Single Supervisory Mechanism and Single Resolution Mechanism, deposit insurance remains at the national level. This leaves the link between banks and sovereigns impossible to sever. Confidence in the safety of bank deposits still varies across countries. The geographical location of a bank also influences the outcome of a resolution process, as there is no common backstop and divergencies in national laws persist. This level of integration in the banking sector is insufficient to facilitate cross-border lending, reduce intermediation costs, foster cross-border consolidation and significantly enhance financing capacity.

    The same holds true for integration in EU capital markets. Harmonising regulations and removing national divergences are crucial to simplifying the regulatory framework and creating a single, resilient market. Furthermore, having established the Single Supervisory Mechanism for banks, we need to work towards integrated supervision of EU capital markets. This could be achieved gradually and considering specific sectoral features.

    The European Commission has put forward a savings and investments union strategy which provides a range of policy actions regarding financial markets. The two panel sessions today consider key bottlenecks in our capital markets: attracting more investors and channelling investments into the future.

    The European Union boasts a high saving rate, which often results in capital being exported outside of our borders. A more supportive environment for investment within the EU can be created by harmonising the regulatory framework and reducing red tape. Removing obstacles in tax, insolvency and corporate law would greatly facilitate cross-border investment. This in turn would render the EU capital market more attractive for investors. Capital will naturally follow integration in the real economy.

    We can also do a better job at facilitating cross-border access to the European funds market. This would help to promote access to low-cost products for retail investors and the distribution of funds across the EU. Deep and integrated equity markets are crucial for providing the necessary financing to support the European economy, which would serve to enhance productivity and resilience. Better functioning markets across borders can ensure that EU firms have access to adequate sources of finance throughout their lifecycle. When their financing needs increase and cannot be met by small and fragmented European markets, companies can decide to list elsewhere, or even relocate their operations entirely. Enhancing access to venture capital is therefore a strategic aim to enable firms with high growth potential to list domestically.

    Conclusion

    Let me conclude.

    The call for “more Europe” resonates more strongly than ever. This arises from the growing risk of over-reliance on non-European powers and the decreasing importance of any single country on the global stage. High levels of uncertainty, elevated risks from geopolitical tensions and potential disruptions in global trade leave the EU’s economic outlook fragile.

    The use of the US dollar in international funding, payment and trade transactions, or as a reserve currency, will not be challenged in the short term. But the role of the euro can gradually expand, especially if we deliver on “more Europe”. Dismantling long-standing barriers to full integration in the single market for goods and services and taking decisive steps towards a true banking and capital markets union will only enhance the international role of the euro.

    The stakes have never been higher for Europe. To deliver on its fundamental values, Europe needs to deliver on the long-term growth and resilience of its economy. Completing the banking union and deepening Europe’s financial markets are essential for allocating capital more effectively and providing benefits to savers. They are also essential to promote and retain innovative companies, as well as to attract talent and investment.

    Banks and capital markets are not competing for a limited amount of investment opportunities ­– they are closely interconnected as parts of a wider financial ecosystem that finances the real economy. To move on to the next level, we need integration in the real economy and political will to give priority to the European project over national interests. There is no way around it. We need decisive progress on all three fronts.

    MIL OSI Europe News –

  • MIL-OSI Europe: EU structural financial indicators: end of 2024

    Source: European Central Bank

    12 June 2025

    The European Central Bank (ECB) has updated its dataset of structural financial indicators for the banking sector in the European Union (EU) for the end of 2024. This annual dataset comprises statistics for credit institutions in the EU with respect to the number of offices and employees as well as data on banking sector concentration in each Member State.

    The structural financial indicators show a further decline in the number of bank offices in the EU, averaging 3.41% across Member States. Decreases were observed in 25 of the 27 countries, ranging from -0.71% to -12.48%. The total number of offices in the EU was 127,264 at the end of 2024, 82.09% located in the euro area.

    In the course of 2024, the number of employees of credit institutions fell in 13 and increased in 14 of the 27 Member States, with an average increase of 1.05% across all countries (Chart 1). 2024 thus marks the second consecutive year with a small overall increase in the number of employees at credit institutions, suggesting that the general trend of a decline since 2008 has levelled off.

    The data also indicate that the degree of banking sector concentration (measured by the share of assets held by the five largest credit institutions) continues to vary considerably between EU Member States (Chart 2). At national level the share of total assets of the five largest credit institutions ranged from 34.1% to 96.01%, while the EU average was 68.61% at the end of 2024.

    The structural financial indicators are published by the ECB on an annual basis.

    Chart 1

    Credit institutions in the EU: Number of employees (based on data per Member State)

    (thousands)

    Notes: Interquartile ranges and medians are calculated across average country values. Data for each Member State are available from 1999 or from the year of EU accession.

    Data on number of employees

    Chart 2

    Credit institutions in the EU: Share of assets held by the five largest credit institutions (based on data per Member State)

    (percentages)

    Notes: Interquartile ranges and medians are calculated across average country values. Data for each Member State are available from 1999 or from the year of EU accession.

    Data on share of assets

    For media queries, please contact Benoit Deeg, tel.: +491721683704.

    Notes:

    • Tables containing further breakdowns of structural financial indicator statistics are available on the ECB’s website at ECB Data Portal.
    • Structural Financial Indicators data are available in the ECB Data Portal.
    • Hyperlinks in the main body of the press release lead to data that may change with subsequent releases as a result of revisions.

    MIL OSI Europe News –

  • MIL-OSI: DNO Completes Transformative North Sea Acquisition

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 12 June 2025 – DNO ASA, the Norwegian oil and gas operator, today announced the completion of the acquisition of Sval Energi Group AS from HitecVision for a cash consideration of USD 450 million based on an enterprise value of USD 1.6 billion.

    The acquired portfolio comprises 16 producing fields in Norway, quadrupling DNO’s North Sea production to 80,000 barrels of oil equivalent per day (boepd). The Company’s North Sea proven and probable (2P) reserves swell to 189 million barrels of oil equivalent (MMboe), also a fourfold increase. Contingent resources (2C) total 316 MMboe.

    Following the acquisition, Norway and the United Kingdom represent nearly 60 percent of the Company’s global production and about 45 percent of its global reserves, with the balance predominantly in the Kurdistan region of Iraq.

    “The Sval Energi assets provided a rare opportunity to significantly upsize DNO’s North Sea operations and, of course, DNO itself,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani. “And we moved quickly to seal the deal,” he added.

    Halvor Engebretsen, Sval Energi’s Chief Executive Officer, will lead the enlarged North Sea business as Managing Director, DNO Norge AS.                  

    Supported by ongoing field development projects with multiple discoveries currently being matured for project sanction, DNO is well placed to grow North Sea production organically in the years ahead. The combined North Sea 2P reserves and 2C resources equal 15 years of production at the current run rate.

    In addition to ferreting out other acquisition targets, the Company is focused like a laser on breaking from the pack and accelerating development and monetization of its numerous discoveries in Norway.

    “It takes most Norwegian oil companies a ridiculously long eight to ten years to bring a discovery to first production, even with simple subsea tiebacks to existing platforms,” said Mr. Mossavar-Rahmani. “Compare that to the two to three years, if that, to execute this task in other established basins,” he continued.

    DNO last week raised USD 400 million in hybrid bonds towards the acquisition.

    Outside of the North Sea, DNO continues to deliver solid operations. In Kurdistan, DNO has maintained production from its flagship Tawke license (75 percent and operator) at about 80,000 boepd (60,000 boepd net working interest) with minimal new investment. Its Côte d’Ivoire gas assets steadily produce over 3,000 boepd net to DNO. Four development wells and one exploration well are planned in 2025-26.

    – 

    For further information, please contact:
    Media: media@dno.no
    Investors: investor.relations@dno.no

    – 

    DNO ASA is a leading Norwegian oil and gas operator active in the Middle East, the North Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire and Yemen. More information is available at www.dno.no.

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

    The MIL Network –

  • MIL-OSI: Zinemx Launches AI-Powered Risk Control System to Prevent Abnormal Trading Risks

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 12, 2025 (GLOBE NEWSWIRE) — Zinemx Exchange recently announced in its latest technical update that it has launched a new AI-powered risk control system capable of real-time monitoring and identification of abnormal trading activities, effectively mitigating market manipulation and scam risks. This innovative system integrates multi-factor authentication (MFA), zero trust access control (ZTA), and intelligent anti-scam mechanisms, enabling automatic detection of suspicious transactions and prompt implementation of additional security measures such as secondary verification.

    With the rapid development of the cryptocurrency market, incidents of abnormal trading and market manipulation have become increasingly frequent, posing significant threats to investors. The AI risk control system at Zinemx leverages advanced machine learning algorithms to continuously monitor user trading behavior, analyze market trends, and accurately identify irregular transactions. Upon detecting potentially suspicious activities, the system swiftly initiates appropriate responses to ensure the security of user funds and the integrity of the trading environment.

    To further enhance account security, the risk control framework of Zinemx incorporates a robust multi-factor authentication mechanism. Users are required to complete multi-factor verification when performing high-risk operations such as large transactions or account modifications, ensuring that all sensitive actions originate from trusted sources.

    Zero trust access control (ZTA) is another key feature of this security upgrade. This approach ensures that only strictly authorized users and devices can access the Zinemx trading system, thereby reducing security risks associated with account breaches or device vulnerabilities. Real-time device identification, IP address monitoring, and dynamic adjustment of access permissions guarantee that every access attempt undergoes rigorous scrutiny. Additionally, users are empowered to customize their own security settings, including transaction limits and IP access restrictions, further strengthening personal account protection.

    The AI-powered risk control system not only enhances the overall security of crypto trading but also provides investors with a more stable trading environment. Looking ahead, Zinemx Exchange will continue to optimize its risk management framework by introducing cutting-edge intelligent analytics and refining its risk control strategies to ensure that platform operations remain compliant with global regulatory standards.

    Media Contact: support@zinemx.org

    Disclaimer: This press release is provided by Zinemx Exchange. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0436b6a9-ed48-4185-82a7-8be4eebd5bbc

    The MIL Network –