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Category: Business

  • MIL-OSI USA: Baldwin, Colleagues Demand to Know Who Killed Minority Business Development Agency, Why & Where’s the Money Going?

    US Senate News:

    Source: United States Senator for Wisconsin Tammy Baldwin
    WASHINGTON, D.C. – U.S. Senator Tammy Baldwin (D-WI) joined her colleagues in demanding that Keith Sonderling, the purported Acting Under Secretary of Commerce for the Minority Business Development Agency (MBDA), promptly turn over key documents and information related to the dismantling of the agency and recent funding termination notices sent to all grantees by a member of Elon Musk’s DOGE, including Wisconsin’s office.
    “In one MBDA termination notice reviewed by our offices, the Department claims the grant is being terminated because it ‘is unfortunately no longer consistent with the agency’s priorities and no longer serves the interests of the United States and the MBDA Program,” wrote Baldwin and the lawmakers in a letter to Sonderling. “The termination notice further states that, ‘MBDA is repurposing its funding allocations in a new direction in furtherance of the President’s agenda.’ … [T]he notice is silent about why the grants are inconsistent with the MBDA’s priorities and programs—which Congress, nor the Department, set by statute. And it suggests the DOC or others in the Administration may be using funding appropriated for the MBDA for other, unrelated purposes.”
    Baldwin and the Senators questioned Sonderling about the notice terminating all MBDA grants, which was signed by Nate Cavanaugh, a member of Elon Musk’s DOGE and “Under the Authority of Keith Sonderling, Acting Undersecretary of MBDA.”
    “This raises significant questions regarding Mr. Cavanaugh’s precise role at DOC and the mechanism by which you or other members of DOC leadership delegated him authority to terminate MBDA grants on behalf of the Department,” Baldwin and the lawmakers continued. “Our offices have also obtained information indicating you may not have been aware these termination notices were being sent out by Mr. Cavanaugh under your authority, which would raise further questions about who is actually running the Department: Secretary Lutnick or Elon Musk and DOGE?”
    This letter follows Baldwin demanding  Secretary Lutnick, on March 25 and April 17, answer questions about the gutting of MBDA despite his testimony before the Commerce Committee stating he would not support doing so.
    Senator Baldwin worked with Republicans to include the Minority Business Development Act of 2021 as an amendment to the Infrastructure Investment and Jobs Act (IIJA), making the MBDA permanent and increasing its funding authorization and reach. Baldwin then worked to bring a new Minority Business Development Center to Wisconsin, along with a $1.61 million grant to support its work assisting small businesses.
    The full letter is available here and below.
    Acting Under Secretary Sonderling:
    On March 25, 2025, and April 17, 2025, we sent letters to Secretary Howard Lutnick raising serious concerns about the apparent dismantling of the Minority Business Development Agency (MBDA), despite his testimony before the Senate Committee on Commerce, Science, and Transportation stating he would not support doing so. In our April 17 letter, we requested specific documents and information that would help address our outstanding questions and concerns regarding the MBDA. On April 24, 2025, we received a letter from the Department of Commerce (DOC) Acting Assistant Secretary for Legislative and Intergovernmental Affairs purporting to respond to our April 17 letter. This response, however, contained a mere three sentences related to the MBDA and failed to answer or meaningfully address any of our requests. Given Secretary Lutnick’s apparent disregard for our concerns about the Department’s actions against the MBDA, we are now requesting you provide documents and information related to this inquiry.
    Since our most recent letter, our offices have obtained information demonstrating that DOC has canceled all MBDA grants—further dismantling an agency Congress statutorily authorized, despite Secretary Lutnick’s testimony to the contrary. In one MBDA termination notice reviewed by our offices, the Department claims the grant is being terminated because it “is unfortunately no longer consistent with the agency’s priorities and no longer serves the interests of the United States and the MBDA Program.” The termination notice further states that, “MBDA is repurposing its funding allocations in a new direction in furtherance of the President’s agenda.” Beyond these conclusory assertions, however, the notice is silent about why the grants are inconsistent with the MBDA’s priorities and programs—which Congress, not the Department, set by statute. And it suggests the DOC or others in the Administration may be using funding appropriated for the MBDA for other, unrelated purposes.
    Raising further concerns, the termination notice was signed by Nate Cavanaugh—who we understand to be part of the so-called Department of Government Efficiency (DOGE)—and is signed “Under the Authority of Keith Sonderling, Acting Undersecretary of MBDA.” Mr. Cavanaugh has reportedly been interviewing employees at the General Services Administration and overseeing efforts to dismantle another agency, the U.S. Institute of Peace. The termination notice indicates that Mr. Cavanaugh now has a DOC e-mail address. This raises significant questions regarding Mr. Cavanaugh’s precise role at DOC and the mechanism by which you or other members of DOC leadership delegated him authority to terminate MDBA grants on behalf of the Department. Our offices have also obtained information indicating you may not have been aware these termination notices were being sent out by Mr. Cavanaugh under your authority, which would raise further questions about who is actually running the Department: Secretary Lutnick or Elon Musk and DOGE?
    Given the lack of responsiveness from the Department to date, we reiterate the requests raised in our April 17, 2025 letter, and request the following additional documents and information no later than May 14, 2025:
    A complete description of Mr. Cavanaugh’s position at DOC, including his title, job description, date(s) of employment, any salary, any benefits, supervisor, and direct reports. Please also identify all other federal e-mail addresses assigned to or used by Mr. Cavanaugh of which you are aware.
    Documents sufficient to show Mr. Cavanaugh’s delegated authority to execute termination notices to MBDA grantees.
    Documentation sufficient to show your appointment as Acting Under Secretary for Minority Business Development Agency and the date of such appointment.
    A complete description of your decision to delegate your authority to Mr. Cavanaugh for the purpose of terminating MBDA grants, including the extent to which Secretary Lutnick or any other senior DOC official was involved in making this decision.
    A complete description of the types of funded activities that are considered “consistent with the agency’s priorities” and “serve[] the interests of…the MBDA program.”
    A detailed explanation of how the MBDA intends to “repurpos[e] its funding allocations in a new direction in furtherance of the President’s agenda,” including any specific program or activity that has received or is expected to receive repurposed funding.

    MIL OSI USA News –

  • MIL-OSI: VERAXA Biotech Enters Co-discovery Alliance with OmniAb for a Novel Bispecific Antibody Drug Conjugate Program

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, SWITZERLAND, May 05, 2025 (GLOBE NEWSWIRE) — VERAXA Biotech AG (“VERAXA”), an emerging leader in designing novel cancer therapies and proposed de-SPAC acquisition target of Voyager Acquisition Corp. (NASDAQ: VACH, “Voyager”), announced today a co-discovery alliance with OmniAb, Inc. (NASDAQ: OABI, “OmniAb”) for the development of a novel bispecific antibody drug conjugate (“bsADC”) program targeting solid tumors. The collaboration brings together OmniAb’s suite of transgenic antibody discovery solutions with VERAXA’s proprietary antibody drug conjugate (“ADC”) linker technology and conjugation expertise to support next-generation therapeutic discovery.

    “This partnership brings together two highly complementary technologies to create a new class of bispecific ADCs,” commented Christoph Antz, Ph.D., CEO and Co-Founder of VERAXA. “Bispecific ADCs represent a powerful opportunity to address difficult-to-treat solid tumors, and this collaboration fits squarely within our mission to drive innovation through targeted partnerships. Strategic collaborations will continue to be a mainstay in VERAXA’s pipeline growth strategy, and today’s announcement marks the second major initiative within the past six months, following our first radiopharmaceutical alliance late last year. We look forward to advancing this discovery program alongside OmniAb and deliver novel therapeutic solutions for patients with significant unmet needs.”

    Under the terms of the agreement, VERAXA will initiate a novel bispecific antibody drug conjugate program addressing two attractive target molecules in cancer medicine. The Company will utilize OmniAb’s suite of transgenic antibody discovery solutions to source high-quality human antibody leads, which are naturally optimized through in vivo affinity maturation. VERAXA will subsequently establish the bsADC lead candidate by applying its proprietary linker technology and conjugation routine and will be responsible for preclinical validation. The resulting bsADC program will be jointly owned by both parties. Both parties will share any future revenues resulting from the program’s continued development, licensing and commercialization.

    About VERAXA Biotech

    At VERAXA, we are building a premier engine for the discovery and development of next-generation antibody-based therapeutics, including bispecific ADCs, bispecific T cell engagers and other innovative formats. Powered by a suite of transformative technologies and guided by rigorous quality-by-design principles, we are rapidly advancing our pipeline of ADCs and proprietary BiTAC formats into clinical development and beyond. VERAXA was founded on scientific breakthroughs made at the European Molecular Biology Laboratory, a world-renowned institution known for pioneering life science research and cutting-edge technologies. For more information, please visit www.veraxa.com.

    On April 22, 2025, VERAXA entered into a definitive business combination agreement (the “Business Combination Agreement”) with Voyager Acquisition Corp., a Cayman Islands exempted company and special purpose acquisition company targeting the healthcare sector (NASDAQ: VACH, “Voyager”). Upon closing of the Business Combination Agreement, VERAXA is expected to become a publicly traded company listed on NASDAQ.

    About Voyager Acquisition Corp.

    Voyager is a special purpose acquisition company with a bold mission: to revolutionize the healthcare sector through a merger, stock purchase, or business combination. Our team of experienced executives includes unparalleled expertise in investing, operations, and medical innovation, supported by a vast network of connections. With these strengths, we not only seek to drive success but commit to scaling companies to unprecedented heights in the healthcare industry. For more information, please visit https://www.voyageracq.com.

    Participants In the Solicitation

    Voyager, VERAXA, and their respective directors, executive officers, other members of management and employees may be deemed participants in the solicitation of proxies from Voyager’s stockholders with respect to the Business Combination. Investors and security holders may obtain more detailed information regarding the names and interests in the Business Combination of Voyager’s directors and officers in Voyager’s filings with the SEC, including, when filed with the SEC, the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, amendments and supplements thereto, and other documents filed with the SEC. Such information with respect to VERAXA’s directors and executive officers will also be included in the proxy statement/prospectus. You may obtain free copies of these documents as described below under the heading “Additional Information and Where to Find It”.

    Non-Solicitation

    This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Voyager or VERAXA, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.

    Forward-Looking Statements

    This press release includes certain statements that may be considered forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include, without limitation, statements about future events or Voyager’s or VERAXA’s future financial or operating performance. For example, statements regarding VERAXA’s anticipated growth and the anticipated growth and other metrics, statements regarding the benefits of the Business Combination, and the anticipated timing of the completion of the Business Combination are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “potential” or “continue,” or the negatives of these terms or variations of them or similar terminology.

    These forward-looking statements regarding future events and the future results of Voyager and VERAXA are based on current expectations, estimates, forecasts, and projections about the industry in which VERAXA operates, as well as the beliefs and assumptions of Voyager’s management and VERAXA’s management. These forward-looking statements are only predictions and are subject to, without limitation, (i) known and unknown risks, including the risks and uncertainties indicated from time to time in the final prospectus of Voyager relating to its initial public offering filed with the SEC, including those under “Risk Factors” therein, and other documents filed or to be filed with the SEC by Voyager; (ii) uncertainties; (iii) assumptions; and (iv) other factors beyond Voyager’s or VERAXA’s control that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. They are neither statements of historical fact nor promises or guarantees of future performance. Therefore, VERAXA’s actual results may differ materially and adversely from those expressed or implied in any forward-looking statements and Voyager and VERAXA therefore caution against relying on any of these forward-looking statements.

    These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Voyager and its management, VERAXA and its management, as the case may be, are inherently uncertain and are inherently subject to risks, variability and contingencies, many of which are beyond Voyager’s or VERAXA’s control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement and any subsequent definitive agreements with respect to the Business Combination; (ii) the outcome of any legal proceedings that may be instituted against Voyager, VERAXA, or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (iii) the inability to complete the Business Combination due to the failure to obtain consents and approvals of the shareholders of Voyager, to obtain financing to complete the Business Combination or to satisfy other conditions to closing, or delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals required to complete the transactions contemplated by the Business Combination Agreement; (iv) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (v) projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, and the estimated implied enterprise value of VERAXA; (vi) VERAXA’s ability to scale and grow its business, and the advantages and expected growth of VERAXA; (vii) VERAXA’s ability to source and retain talent, the cash position of VERAXA following closing of the Business Combination; (viii) the ability to meet stock exchange listing standards in connection with, and following, the consummation of the Business Combination; (ix) the risk that the Business Combination disrupts current plans and operations of VERAXA as a result of the announcement and consummation of the Business Combination; (x) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of VERAXA to grow and manage growth profitably, maintain key relationships and retain its management and key employees; (xi) costs related to the Business Combination; (xii) changes in applicable laws, regulations, political and economic developments; (xiii) the possibility that VERAXA may be adversely affected by other economic, business and/or competitive factors; (xiv) VERAXA’s estimates of expenses and profitability; (xv) the failure to realize estimated shareholder redemptions, purchase price and other adjustments; and (xvi) other risks and uncertainties set forth in the filings by Voyager with the SEC. There may be additional risks that neither Voyager nor VERAXA presently know or that Voyager and VERAXA currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of Voyager or VERAXA speak only as of the date they are made. None of Voyager or VERAXA undertakes any obligation to update any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based.

    Additional Information and Where to Find It

    In connection with the Business Combination Agreement, Voyager and/or VERAXA intend to file relevant materials with the SEC, including the Registration Statement, which will include a proxy statement/prospectus of Voyager, and will file other documents regarding the proposed transaction with the SEC. This communication is not intended to be, and is not, a substitute for the proxy statement/prospectus or any other document that Voyager has filed or may file with the SEC in connection with the proposed transaction. When available, the definitive proxy statement and other relevant materials for the proposed transaction will be mailed or made available to stockholders of Voyager as of a record date to be established for voting on the proposed transaction.

    Before making any voting or investment decision, investors and stockholders of Voyager are urged to carefully read, when they become available, the entire registration statement, the proxy statement/prospectus, and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, and the documents incorporated by reference therein, because they will contain important information about Voyager, VERAXA, and the proposed transaction. Voyager’s investors and stockholders and other interested persons will also be able to obtain copies of the registration statement, the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, other documents filed with the SEC that will be incorporated by reference therein, and all other relevant documents filed with the SEC by Voyager in connection with the Transaction, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to Voyager at the address set forth below.

    Contact

    The MIL Network –

  • MIL-OSI: WTW appoints Deputy Regional Leader to North America

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) — Willis, a WTW business (Nasdaq: WTW), today announced the appointment of David Loftstrom as Deputy Regional Leader, New England within Corporate Risk and Broking (CRB) in North America.

    Loftstrom’s new position includes working closely with the full New England team to identify new opportunities while also helping to accelerate growth throughout the region. Additionally, he will focus on delivering enhanced value to clients by collaborating with various Industry Vertical Division (IVD) leaders and subject matter experts, while strengthening WTW’s position as an industry leader.

    Based in Boston and reporting directly to Ionel Rizea, Chief Commercial Officer for CRB North America, Loftstrom brings more than thirty years of industry experience. Loftstrom joins Willis from Gallagher, where he most recently served as Area President in the Greater Boston region. He was responsible for branch performance, including sales, carrier and partner management, business development, M&A sourcing and integration and reinforcing the company’s culture in the New England area.

    Ionel Rizea commented, “I am thrilled to welcome Dave to the team. His experience – particularly in the sales and business development space, complements our growth strategy for North America. His background in both brokerage and [client] risk management aligns closely with our CRB objective of providing innovative solutions to clients. I look forward to working with Dave.”

    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

    Douglas Menelly; Douglas.Menelly@wtwco.com | +1 (516) 972-0380

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

    The MIL Network –

  • MIL-OSI Russia: Financial news: Number of complaints against insurers and brokers decreased, against banks and microfinance organizations increased: results of the first quarter

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    In January-March, the number of complaints to the Bank of Russia from consumers of financial services and investors increased by 23.6% compared to the same period last year. In total received almost 95 thousand complaints.

    The number of complaints about insurance issues has decreased by 44.6%. This is primarily due to the fact that the procedure for challenging the bonus-malus coefficient (KBM) has changed. This topic used to be the most common among complaints about MTPL. Now citizens can independently find out their KBM in their personal account on the website of the National Insurance Information System. If they do not agree with its value, they can also leave a request there to recalculate it. The number of complaints about accident and illness insurance and life insurance has also decreased.

    There were fewer complaints about professional participants in the securities market – by 27.5%, with the leaders in the decline being complaints from investors about difficulties in managing assets due to sanctions (a 4-fold reduction).

    In the segment of appeals related to non-state pension funds (NPF), complaints about people’s disagreement with the transition from the Social Fund of Russia to the NPF, as well as between NPFs, decreased by 31.4%.

    Complaints about the imposition of paid services when lending continue to decline. They have decreased by 42.2%, including due to the fact that since last year, lenders are required to inform borrowers about the services they have purchased along with the loan and notify them of the right to refuse them within 30 days.

    To combat fraudulent transactions, the Bank of Russia in July 2024 obliged bankssuspend suspicious transactions to prevent theft of funds. In this regard, in the first quarter of this year, compared to the same period in 2024, the number of citizens’ requests due to the suspension of remote banking services (RBS) has increased significantly. This contributed to the increase in the total number of complaints related to banks. Compared to the first quarter of 2024, their number has increased by 36.8%. At the same time, based on the results of reviewing the majority of requests regarding the blocking of RBS, banks confirmed its use for fraudulent purposes.

    Complaints about microfinance organizations (MFOs) have increased by more than 10%. Consumers complained about difficulties with returning money when refusing additional services and about loans being issued without their consent. There are also requests from MFO clients with a demand, formed under the influence of recommendations on social networks, to recalculate their debt.

    Preview photo: ImageBROKER / Shutterstock / Fotodom

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

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

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 24589

    MIL OSI Russia News –

  • MIL-OSI USA: Smucker, Sewell, Tillis, and Hickenlooper Reintroduce Retirement Savings for Americans Act

    Source: United States House of Representatives – Representative Lloyd Smucker (PA-16)

    WASHINGTON – Representatives Lloyd Smucker and Terri Sewell and U.S. Senators John Hickenlooper and Thom Tillis have reintroduced the Retirement Savings for Americans Act (RSAA), legislation to help low- and middle-income Americans build wealth and save for retirement. The bill would establish a new program that gives eligible workers access to portable, tax-advantaged retirement savings accounts. If passed, the RSAA would allow the federal government to match contributions for low- and middle-income workers, with the match beginning to phase out at median income. 

    “Too many hard-working Americans are not able to prepare financially for retirement. Over half of working employees lack access to the tax-advantaged retirement benefits that many higher-income earners take advantage of to save. Additionally, as the workforce continues to innovate and more Americans become categorized as “gig workers,” the reliance on traditional employer-sponsored plans causes too many workers to slip through the cracks. Hard-working Americans deserve a modern pathway to find financial security in their retirement. I am proud to join in this bipartisan and bicameral effort to advance the Retirement Savings for Americans Act, to help millions of Americans save for their retirements. I will continue to advocate for policies which help hard workers live their American Dream, including a well-earned and financially stable retirement,” said Smucker. 

    “Every Alabamian and every American should be able to retire with dignity after a lifetime of work,” said Sewell. “Democrats and Republicans alike recognize the urgent need for Congress to address the gaps in our retirement system and make it easier for low- and middle-income workers to save for retirement. I am proud to once again work with my House and Senate colleagues on both sides of the aisle to advance the Retirement Savings for Americans Act which would level the playing field for working families and build a stronger economy for all Americans.”

    “Roughly 50 million Americans lack access to an employer-sponsored retirement plan, which represents a significant roadblock to achieving financial security for their retirement,” said Tillis. “The Retirement Savings for Americans Act tackles this real problem by establishing a pathway for savings for Americans lacking retirement options.”

    “Americans who work hard their entire lives deserve to retire with dignity,” said Hickenlooper. “This bill helps low-income workers enjoy a secure retirement and fulfill their American dream.’’

    A study by the National Council on Aging found that 80% of aging Americans are struggling financially or are at risk of financial insecurity, and therefore, not prepared to retire. In a new ranking of the world’s retirement systems, the U.S. scored a C+, mainly because the current system works well for white collar workers but fails gig workers and blue collar workers. If trends continue, inadequate retirement savings will cost state and federal governments a combined $1.3 trillion in increased spending by 2040. 

    A recent report from the RAND Corporation indicates that over 40 million Americans, or 26 percent of the nation’s workforce who lack access to retirement plans, would receive matching federal benefits under the RSAA. Additionally, the RAND study reports that the RSAA could pay for itself in approximately thirty years by reducing reliance on other federal programs. 

    The RSAA enjoys broad support. View a full list of endorsements of the legislation HERE. 

    “The Retirement Savings for Americans Act would create a healthier retirement system, a more financially secure workforce, and a stronger economy for all Americans,” said John Lettieri, President and CEO, Economic Innovation Group. “By ensuring that all workers — regardless of their employer or income — have the opportunity and incentives to build long-term financial security, the RSAA would boost the wealth of the working class and significantly reduce the strain on the social safety net over time. EIG is proud to have worked closely with Senators Hickenlooper and Tillis and Representatives Smucker and Sewell on this important legislation, and we applaud them for their bipartisan leadership on behalf of American workers.” 

    “Nearly 1 out of 4 Americans has no retirement savings, and more than half of all Americans report they are concerned they will not achieve financial security in retirement. We know that Americans are much more likely to save when they have access to retirement savings options at work. Today nearly half of all private-sector employees do not have access to an employer-sponsored retirement savings program. The Retirement Savings for Americans Act would help more families across the country save for retirement.” – Bill Sweeney, Senior Vice President of Government Affairs, AARP 

    “Creating this kind of program meets an obligation we all share to help every working American build financial security and well-being in retirement. I also know it will offset future support we surely would have to provide if we don’t help more people begin to build that security today. And in true American spirit, it isn’t a giveaway, but an incentive for working individuals to begin helping themselves and their families.” – Charles R. Schwab, Founder and Chairman, Charles Schwab Corporation. Read Mr. Schwab’s full statement.  

    “With more Americans choosing new ways to work than ever before, we’re proud to support this bipartisan effort to enable more workers in the modern economy to access the kinds of benefits that have long been out of reach for all but full-time employees. This is an important step toward empowering workers like Dashers to choose the independence and flexibility that dashing gives them, while still having access to important benefits. The Retirement Savings for Americans Act makes meaningful progress toward expanding access for retirement savings across the country–regardless of how someone chooses to work. We applaud Senators Hickenlooper and Tillis and Representatives Sewell and Smucker for working across the aisle to address such an important issue for Dashers and other Americans who are choosing new and different ways to work.” – Max Rettig, Vice President of Public Policy, DoorDash 

    “Uber supports forward-looking legislation like the Retirement Savings for Americans Act to improve independent work across the nation. The bill represents a novel, thoughtful approach to bridging gaps in the existing retirement savings framework. We commend the Congressional sponsors for their ongoing efforts to advance this legislation.” – Javi Correoso, Head of Federal Affairs, Uber

    The Retirement Savings for Americans Act contains the following provisions:

    • Eligibility and Auto Enrollment: Full- and part-time workers who lack access to an employer-sponsored retirement plan would be eligible for an account, and they would be automatically enrolled at 3% of their income. They could choose to increase or decrease their withholding, or opt out entirely at any time. Independent workers (including gig workers) would also be eligible.
    • Federal Contribution: Low- and moderate-income workers would be eligible for a 1% automatic contribution (as long as they remain employed) and up to a 4% matching contribution via a refundable federal tax credit. This would begin to phase out at median income.
    • Portability: Accounts would remain attached to workers throughout their lifetimes, and workers would be able to stop and start contributions at will.
    • Private Assets: The accounts would be the property of the worker and the assets could be passed down to future generations to help them build wealth and financial security.
    • Investment Options: Much like the current Thrift Savings Plan, participants would be given a menu of simple, low-fee investment options to choose from, including lifecycle funds tied to a worker’s estimated retirement date, or index funds made of stocks and bonds.

    Full text of the bill is available HERE and a one-page explainer of the bill HERE.

    # # # 

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Gonzalez Urges President Trump to Issue Disaster Declaration for South Texas

    Source: United States House of Representatives – Congressman Vicente Gonzalez (15th District of Texas)

    BROWNSVILLE, TEXAS – Today, Congressman Vicente Gonzalez (TX-34) sent a letter to President Trump and FEMA Acting Administrator Cameron Hamilton urging the administration to issue a Presidential Disaster Declaration for the Rio Grande Valley so that South Texans impacted by the March 2025 floods can receive essential federal assistance.  

    This letter follows Congressman Gonzalez’s letter to Texas Governor Greg Abbott on March 28, 2025, urging him to issue a disaster declaration, and the Governor’s letter to President Trump on April 17, 2025, requesting a Presidential Disaster Declaration. Nearly a month after the devastating floods, South Texans remain waiting for a determination and final decision from the Trump administration.  

    The letter reads: “Due to the damage, on March 28, 2025, I wrote to Governor Greg Abbott urging him to issue a disaster declaration for South Texas so that the affected counties could receive assistance: Cameron, Hidalgo, Starr, and Willacy counties.” 

    “As a result, on March 29, 2025, Governor Abbott issued a disaster declaration for the four affected counties. Over the last several weeks, members of the Texas Department of Emergency Management (TDEM), Small Business Administration (SBA), and local governments coordinated a Damage Assessment of the area. As of April 14, 2025, the Federal Emergency Management Agency (FEMA) confirmed the following damages to homes: 842 affected, 2,618 minor, 1,911 major, and 235 destroyed.”  

    “As time progresses and people recover, our communities will continue to confront the long-term damage that these floods left behind…As Congressman for the 34th Congressional District of Texas, I urge you to head Governor Abbott’s request to issue a Presidential Disaster Declaration for the Rio Grande Valley and the release Individual Assistance (IA) funds to allow affected communities to rebuild. South Texans need assistance and rely on their public officials to step up and help them. I look forward to working together for the betterment of all South Texans.” 

    Read the full letter here. 

    ###

    MIL OSI USA News –

  • MIL-OSI Russia: Financial news: From Peter I to the present day: the Order of Alexander Nevsky is 300 years old (05.05.2025)

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    On May 6, 2025, the Bank of Russia will issue into circulation a commemorative silver coin with a face value of 3 rubles, “300th Anniversary of the Establishment of the Order of St. Alexander Nevsky”, from the “Historical Events” series (catalog no. 5111-0517).

    This is the third order that was established in the Russian Empire. The idea to introduce it belongs to Peter I, but it was first awarded under Catherine I, in 1725. The Order of Alexander Nevsky is unique: it existed both in the Russian Empire and in the Soviet Union and has been preserved in the country’s award system to this day.

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

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

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

    On the reverse side of the coin there are relief and color images of the badge of the Order of St. Alexander Nevsky, the star of the order and a folded ribbon against the background of a fragment of the Holy Trinity Cathedral of the Alexander Nevsky Lavra made using laser matting technology; at the bottom there are relief inscriptions: along the circumference – “INSTITUTION OF THE ORDER OF ST. ALEXANDER NEVSKY”, above it – “1725”.

    The side surface of the coin is ribbed.

    The coin is made in proof quality.

    The mintage of the coin is 3.0 thousand pieces.

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

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

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

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

    HTTPS: //vv. KBR.ru/Press/PR/? fillet = 63882054988617649KOins.HTM

    MIL OSI Russia News –

  • MIL-OSI USA: SBA Relief Still Available to Pennsylvania Small Businesses and Private Nonprofits Affected by September Drought

    Source: United States Small Business Administration

    ATLANTA – The  U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP)organizations of the June 2 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Sep. 24, 2024.

    The disaster declaration covers Greene, Fayette, and Washington counties in Pennsylvania as well as Marshall, Monongalia, and Wetzel in West Virginia.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to SBA no later than June 2, 2025.

    ###

    About the U.S. Small Business Administration  

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI USA: Senior Design Project Aims for the Sky

    Source: US State of Connecticut

    Once the realm of science fiction, the prospect of utilizing electric vertical take-off and lift (eVTOL) aircraft has gained much popularity, especially due to their convenience and ability to reduce fuel consumption and carbon emissions. However, like electric vehicles, they use batteries to store and power the vehicle. The batteries needed to propel and sustain eVTOL vehicles in flight are bulky and heavy. As a result, these energy-density challenges limit the range of electrically powered aircraft and rotorcraft.

    At UConn’s College of Engineering (CoE), groups of engineering students — working in conjunction with mentors from CoE and from Sikorsky Aircraft — are embracing these challenges and creating senior design projects that might, one day, appear in eVTOL control systems.

    The capstone Senior Design Program features engineering seniors working with faculty and industry engineers to solve real-world engineering problems. Leading manufacturi

    ng companies, pharmaceutical and medical firms, consulting practices and utilities present the College with design challenges or problems they are encountering in their businesses. Working with CoE, they assign a technical representative from their company to help guide and mentor the senior engineering students as they work to properly frame the problem and develop meaningful solutions.

    According to Liang Zhang, professor in the Department of Electrical and Computer Engineering, the students have responded enthusiastically and creatively to a variety of difficult barriers and expectations.

    “Students are required to utilize the open-source flight control software PX4, implemented from within Simulink, to add a pilot-assist mode to the flight-control software,” Zhang explains. “This flight mode, when engaged, will help the pilot maintain an optimal flight regime for energy efficiency. Students need to acquire their hardware, thoroughly test its energy usage with a payload, and analyze flight data to determine the optimal flight envelopes. Then they develop a user-enabled flight mode to assist the remote pilot in maintaining an energy-efficient flight. Finally, they need to test this flight mode and prove its effectiveness.”

    Students Neo Joseph, Kevin Loja, and James Weber.

    The project team uses a flight drone and runs various tests for each built-in flight mode, including different speeds and altitudes. For each variation, they record the time and the power consumption upon completion. Using these recorded values, they determine which of the built-in flight modes is most efficient. Once they assess what makes a flight mode efficient, they program and test a new flight mode that optimizes throttle, speed, and other settings to save power.

    These challenges, says James Weber, a senior working on the eVTOL project, are as difficult as they sound. And even in the best of circumstances, he adds, there have been obstacles they didn’t anticipate, from purchasing tools and software, learning how to fly a drone, and being continually grounded by bad weather. But each setback, he admits, including breaking a drone propeller, has been a learning opportunity, and has forced their team to find creative solutions.

    “The biggest challenges have been learning how to use and master the required software,” Weber says, “along with connecting various applications and getting virtual operating systems aligned and working properly. We’re almost done with running tests with our physical drone and will soon move to developing and simulating our new flight mode. I am enjoying the challenge, even with the stress of so much being out of our control.”

    The Senior Design team’s drone.

    Senior Kevin Loja is the project manager for this senior design assignment. Overall, he says, it has been a valuable learning experience when it comes to control systems, helicopters, drones, and aviation.

    “We learned a lot about helicopter and drone flight during the fall semester, especially since our sponsors were very insistent on establishing a good background on these subjects,” Loja says. “Currently, I would say our biggest challenge right now, as Jim points out, is the weather. Storrs is a very windy place, making it difficult to schedule days where we can safely fly our drone to gather the data we need to develop our flight mode. We’ve adjusted to each setback and keep moving forward.”

    Weber, Loja and groupmate Neo Joseph work with their faculty advisor, Shalabh Gupta, associate professor in the Department of Electrical and Computer Engineering. “The students,” Gupta says, “have put great effort in overcoming various challenges associated with collecting flight data that will be used to optimize energy efficiency. This project, like many other senior design projects, has significant practical value in addition to providing valuable hands-on learning experiences for our students.”

    Weber, Loja and Joseph earned second-place in the electrical and computer engineering departmental Senior Design awards on May 2.

    The team also meets weekly with their advisors from Sikorsky to discuss progress and challenges. In addition to the testing, they are building a statistical data model. Their project, Gupta adds, is about 60 percent completed, and the final white paper will be presented in May.

    MIL OSI USA News –

  • MIL-OSI: Five Star Bancorp Expands Food and Agribusiness Vertical

    Source: GlobeNewswire (MIL-OSI)

    RANCHO CORDOVA, Calif., May 05, 2025 (GLOBE NEWSWIRE) — Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank, has expanded its food and agribusiness vertical to serve clients nationwide.

    The vertical, now called Food, Agribusiness & Diversified Industries, will include increased support of clients in production agriculture, wholesale distribution and retail, manufacturing, food processing, and food distribution services. An initial team of three seasoned professionals will be led by Five Star Bank’s Senior Vice President and Group Managing Director, Cliff Cooper, who has over 35 years of banking expertise in food and agribusiness.

    “Five Star Bank understands and appreciates the significance and value of those who bring food to our tables, from farmers, ranchers, and growers to food processors, manufacturers, packers, shippers and distributors,” said Cooper. “Five Star Bank knows the cyclical nature of food and agriculture and helps clients navigate commodities and economic cycles. For me, there is no greater purpose than ensuring those who feed our nation are provided with the most exceptional banking services available – services built on trust, partnership and shared values. They will have all of this and more at Five Star Bank.”

    This enhanced vertical aligns with Five Star Bank’s organic growth strategy, which includes building geographies and business units through its high-tech and high-touch approach to business banking.

    “There is no substitute for in-person conversations and connectivity – the hallmarks of doing business with Five Star Bank,” said James Beckwith, Five Star Bank President and CEO. “This differentiated customer experience requires tremendous client trust, which is critically important to the agricultural community. We are committed to clients in the Food, Agriculture & Diversified Industries sector. We are also committed to playing a key role in honoring the work and legacy of those who bring food to tables across our nation.”

    To learn more about Five Star Bank, please visit https://www.fivestarbank.com.

    About Five Star Bancorp
    Five Star Bancorp is a bank holding company headquartered in Rancho Cordova, California. Five Star operates through its wholly owned banking subsidiary, Five Star Bank. The bank has eight branches in Northern California. For more information, visit https://www.fivestarbank.com.

    Investor contact
    Heather C. Luck, Chief Financial Officer
    Five Star Bancorp
    (916) 626-5008
    hluck@fivestarbank.com

    Media contact
    Shelley R. Wetton, Chief Marketing Officer
    Five Star Bancorp
    (916) 284-7827
    swetton@fivestarbank.com

    The MIL Network –

  • MIL-OSI Russia: Large-scale tour of Russian art to take place in China in May and June

    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

    Moscow, May 5 (Xinhua) — As part of the ongoing China-Russia Cross-Cultural Years, large-scale tours of Russian art will take place in Chinese cities in May and June.

    The program will open at the Bolshoi Theater on May 7-11. A gala concert of ballet stars will be held in Beijing, and the legendary performance “Sleeping Beauty” to the music of Pyotr Tchaikovsky with choreography by Yuri Grigorovich will be presented. This production is rightfully considered the calling card of all Russian ballet. The Bolshoi Theater tour will end with a gala concert in Shenzhen.

    From June 21 to 29, the St. Petersburg Philharmonic named after D. D. Shostakovich will give a series of concerts in Beijing, Shanghai, Guangzhou, Shenzhen and Wuhan. Chinese audiences will hear Sergei Prokofiev’s First Piano Concerto and one of the most famous and frequently performed classical works in the world, Pyotr Tchaikovsky’s Piano Concerto No. 1, as well as two symphonies by Dmitry Shostakovich – the Sixth and the famous Leningrad Symphony No. 7, created during the Great Patriotic War.

    In the summer, the National Museum of China in Beijing plans to open an exhibition of the Tretyakov Gallery “Ilya Repin. Faces of Russia”.

    As Natalia Kochneva, Senior Vice President of VTB Bank, which regularly supports Russian groups’ tours in China, noted in a conversation with a Xinhua correspondent, art can unite people of different cultures. “We appreciate that Russian art is expanding its fan base around the world, and our cooperation with China is growing into a great story. The Cross Years of Culture 2024-2025 of the two countries are especially important for us, as they open up additional opportunities for strengthening ties in various areas of culture and help make even more people fall in love with Russian and Chinese art,” she said. –0–

    MIL OSI Russia News –

  • MIL-OSI USA News: ICYMI: “Trump’s Tariffs Are Lifting Some U.S. Manufacturers”

    Source: The White House

    President Donald J. Trump’s relentless pursuit of an American manufacturing renaissance is “boosting demand for some U.S.-made goods, with smaller players reaping the early benefits,” writes The Wall Street Journal, as companies onshore production and buy their products in America.

    Here are a few examples from the story:

    • “‘We are swamped. We are running 24 hours a day, seven days a week in both Chicago and Cleveland,’ said Jack Schron, president of Jergens Inc., which makes manufacturing tools, including industrial screwdrivers, clamps and hoists. Schron said his factories in Ohio and Illinois are ‘going like gangbusters,’ partly owing to new orders from customers looking to avoid paying import tariffs.”
    • “Donny Chaplin, president of Grand River Rubber & Plastics in Ashtabula, Ohio, said he has seen a rush of new inquiries and orders. Two previous customers that had switched to Chinese suppliers a few years ago came back in recent days wanting to buy rubber gaskets from Grand River again, for the plastic pails they manufacture. Three manufacturers of oil filters also got in touch, wanting to shift business from China, with two already placing orders. All together, the new business will be worth about $5 million a year if it is completed, or roughly 10% of Grand River’s revenue. That might require the company to hire new employees and expand production lines.”
    • “The tariffs are a lifeline for the U.S. companies that sprang up during the Covid-19 pandemic to produce face masks, rubber gloves and other personal protective equipment, after shipments from Asia declined. The companies struggled in the pandemic’s aftermath, when hospitals and clinics abandoned U.S. manufacturers and returned to lower-cost suppliers in China, U.S. executives said. But new U.S. tariffs on rubber gloves from China have doubled the price from a few months ago, and ‘the folks that are relying on China are scrambling for other sources,’ said Alan Rust, chief growth officer for SafeSource Direct … ‘We were getting stiffed for a very long time, but just recently we’ve been getting a lot more inquiries.’”
    • “Employees for Massachusetts-based AccuRounds are working overtime to accommodate rising orders for the company’s shafts, valves and other steel components. The company recently added two customers that had shifted business from AccuRounds to suppliers in Singapore and China in recent years. First-quarter sales were 20% higher from a year earlier, said Chief Executive Michael Tamasi.”
    • “Michigan-based Whirlpool, which assembles 80% of its U.S. appliances at domestic factories, says its Asian competitors have had an unfair advantage, as they manufacture their appliances overseas but haven’t been paying import tariffs on them since 2023, when one imposed during Trump’s first term expired. Those rivals’ access to cheaper components and steel in Asia helps give them a $150 retail price advantage on washers, Whirlpool says. Chief Executive Marc Bitzer said the latest tariffs on imported assembled appliances should help close the price gap. ‘The tariffs will finally help create a level playing field for Whirlpool,’ he said in April during a call with analysts.”

    Meanwhile, The Washington Post reports:

    • “At the local Excel Dryer plant, William Gagnon, the chief operating officer, is unfazed. In fact, President Donald Trump’s import taxes so far have been nothing but good news for one of the world’s largest makers of restroom hand dryers. Gagnon, 48, credits Trump’s first-term tariffs with changing the math on production location decisions … the president’s second-term ‘reciprocal’ tariffs might result in the elimination of trade barriers that prevent Excel’s high-velocity hand dryers from dominating markets in countries such as Brazil and Australia … By making foreign goods more expensive, the import taxes make domestic suppliers more competitive while also discouraging Americans from purchasing cheap Chinese copies of Excel’s hand dryers. The tariffs also offer hope of prying open foreign markets … The tariffs Trump imposed on China this year also have brought more work home for one of Excel Dryer’s local suppliers: Double A Molding in Monson, Massachusetts … As Trump escalated his trade spat with China in recent weeks, Double A felt the effects.”

    MIL OSI USA News –

  • MIL-OSI Security: California Man Pleads Guilty to Wire Fraud for $1 Million Fraud Scheme

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    Seattle – A 43-year-old Laguna Niguel, California man pleaded guilty today in U.S. District Court in Seattle to wire fraud for his scheme to steal nearly $1 million from his employer, announced Acting U.S. Attorney Teal Luthy Miller. Paul Joseph Welch was the IT manager of Kent, Washington energy manufacturing company Algas-SDI when he used various schemes to steal more than $950,000 from the company. Welch is scheduled to be sentenced by U.S. District Judge Jamal N. Whitehead on August 21, 2025.

    According to records in the case, Welch worked for the company from 2011 to 2024. He was promoted to Information Technology Manager in 2018. As early as 2017, Welch used the company’s Amazon business account to make unauthorized personal purchases from Amazon.com. Between 2017 and 2023, those purchases totaled at least $43,000. Welch primarily purchased electronics such at televisions, laptops and more—all for personal use. In 2019, Welch began using his company credit card for personal purchases through other online retailers such as Apple, Alaska Airlines, Instacart, and BestBuy. Between 2019 and 2024, those unauthorized personal purchases totaled at least an additional $60,000.

    The scheme really accelerated in January 2021 when Welch began making payments to himself disguised as payments to a computer services company. Welch created a series of email addresses and payment processor accounts using a business name that was very similar to a legitimate computer services company based in Washington State. Welch then used Algas-SDI company credit cards to pay the computer services company under the guise that the company was providing IT equipment and services to Algas-SDI.  However, the legitimate computer services company had no relationship with Welch and never provided any services or equipment to Algas-SDI. The credit card payments Welch made from Algas-SDI’s credit cards went directly to the payment processor accounts that Welch controlled. Between 2021 and 2024 Welch used this scheme to transfer approximately $879,175 from company accounts to his own accounts.

    Algas-SDI tried to verify the legitimacy of Welch’s activity on multiple occasions, but each time, Welch provided false or misleading information to cover up his scheme. Algas-SDI employees asked Welch to submit invoices to substantiate his charges, but Welch emailed phony documents designed to look like invoices from the legitimate computer services company. At one point in 2023, an Algas-SDI accounting employee identified personal purchases on Welch’s company credit card. Welch claimed the charges were inadvertent and said he would repay the company. Welch never repaid the charges and continued to defraud the company through unauthorized personal purchases and more fake vendor charges. In January 2024, alone, Welch submitted phony invoices to Algas-SDI showing that the computer services company had purportedly invoiced Algas-SDI more than $55,000 for equipment and services in that timeframe.

    On January 19, 2024, Algas-SDI employees confronted Welch about the charges from the computer services company accounts that Welch controlled. After Welch again told Algas-SDI that the vendor was a real vendor for the company, the company fired him.

    The wire fraud charge is representative of the overall scheme. It represents the times Welch emailed the company false statements or invoices purported to be from a legitimate computer services company.

    In all, between 2017 and January 2024 Welch secretly made at least 250 fraudulent charges for the third-party vendor he controlled. He made at least 140 unauthorized purchases with retailers using the company credit card and at least 100 fraudulent purchases on the company’s Amazon account. While Welch profited some $950,000 from his theft, the loss to ALGAS-SDI was approximately $982,520 due to various fees on the transactions.

    Welch has agreed to make full restitution to the company.

    Wire fraud is punishable by up to 20 years in prison and a $250,000 fine. Prosecutors have agreed to recommend no more than 27 months in prison. The actual sentence will be determined by Judge Whitehead after considering the sentencing guidelines and other statutory factors.

    The case was investigated by the FBI. The case is being prosecuted by Assistant United States Attorney Dane A. Westermeyer.

    MIL Security OSI –

  • MIL-OSI: Rubis: 12 June 2025 Combined Shareholders’ Meeting – Availability of the preparatory documents

    Source: GlobeNewswire (MIL-OSI)

    Paris, 5 May 2025, 17:40 pm

    The Rubis shareholders are invited to attend the Combined Shareholders’ Meeting that will take place on:

    Thursday 12 June 2025 at 2:00 pm
    at Salle Pleyel – 252, rue du Faubourg Saint-Honoré – 75008 Paris

    The agenda, the resolutions and the ways of attending and voting at this Shareholders’ Meeting are set out in the notice of meeting (Avis de réunion) published in the Bulletin des Annonces Légales Obligatoires (“BALO”) on 5 May 2025. It is also available on the Company’s website (www.rubis.fr/en in the section: “Investors – Shareholders Meetings – 2025 Combined Shareholders’Meeting”).

    Another notice of meeting (Avis de convocation) will be published in a legal gazette and in the BALO within the legal deadlines.

    Documents and information relating to this Shareholders’ Meeting are at shareholders’ disposal under the conditions specified by current laws and regulations and available on the Company’s website (www.rubis.fr/en in the section: “Investors – Shareholders Meetings – 2025 Combined Shareholders’ Meeting”).

    Contact
    RUBIS – Legal department
    Tel: +(33) 1 44 17 95 95

    Attachment

    The MIL Network –

  • MIL-OSI: RUBIS: Q1 2025 trading update – Continued strong operating performance of Rubis’ diversified business model

    Source: GlobeNewswire (MIL-OSI)

    Paris, 5 May 2025, 5:45pm

    • Energy Distribution
      • Retail & Marketing – Solid volume growth at +4%, gross margin at €218m (+4%)
        • Strong momentum of the retail business both in Africa and in the Caribbean region
        • Bitumen activity performing well in Togo and South Africa – Nigeria volume growth resumes
      • Support & Services – Revenue up 2% at €266m
        • Lower bitumen trading margins as a result of higher in-house activity
    • Renewable Electricity Production
      • Secured portfolio up 22% vs March 2024 at 1.1 GWp
    • No direct impact of trade tariffs on the business
    • 2025 Guidance reaffirmed

    SALES BREAKDOWN BY SEGMENT AND BY REGION

    (in €m) Q1 2025 Q1 2024 Q1 2025
    vs Q1 2024
    Energy Distribution 1,687 1,652 +2%
    Retail & Marketing 1,420 1,392 +2%
    Europe 215 209 +3%
    Caribbean 584 590 -1%
    Africa 621 593 +5%
    Support & Services 266 260 +2%
    Renewable Electricity Production 11 8 +28%
    TOTAL 1,697 1,660 +2%

    On 5 May 2025, Clarisse Gobin-Swiecznik, Managing Partner, commented on the Q1 2025 activity: “Our position as distributor of energy and mobility solutions, leader in a diversity of regions, has once again proved successful. Q1 demonstrates Rubis’ resilience and ability to deliver strong performance in a challenging global environment. Our Energy Distribution businesses achieved robust growth across all regions while Photosol delivered according to plan. Looking ahead, we remain confident in our 2025 guidance, supported by the strength and growth potential of our diverse businesses”

    HIGHLIGHTS

    • No direct impact of trade tariffs on the business

    None of Rubis’ businesses is directly concerned by the trade tariffs turmoil ongoing. The Group does not operate in the US, nor in China.

    • New geographical development: Acquisition of Soida in Angola

    In March 2025, Rubis Énergie acquired 60% of the share capital of Soida (Sociedade Industrial de Derivados Asfálticos), adding to its existing share of 35% acquired at the end of 2022 and leading to a final stake in the Company of 95%. Soida distributes bitumen in Angola with a market share well over 50% and extending further bitumen geographical footprint.

    • Publication of first Sustainability Statement (CSRD) including strategy and updated climate ambitions for 2030

    Rubis’ first Sustainability Statement (CSRD format) was published on 28 April covering among others: Climate change – Update on decarbonisation targets and financial implications. Beyond regulatory requirements, the Sustainability Statement provides a solid foundation for shaping the Group’s Think Tomorrow 2026–2030 Roadmap, which will integrate business-specific priorities and be co-constructed with the operating entities.

    Q1 2025 COMMERCIAL PERFORMANCE

    1.   ENERGY DISTRIBUTION – RETAIL & MARKETING

    In Q1 2025, volume continued to increase across the board. Margins also saw an upward trend, with some variability.

    Volume sold and gross margin by product in Q1 2025

      Volume (in ‘000 m3) Gross margin (in €m)
    (in ‘000 m3) Q1 2025 Q1 2024 Q1 2025
    vs Q1 2024    		 Q1 2025 Q1 2024 Q1 2025
    vs Q1 2024
    LPG 346 343 1% 83 84 -0%
    Fuel 1,071 1,048 2% 113 103 10%
    Bitumen 135 100 35% 21 23 -6%
    TOTAL 1,552 1,491 4% 218 209 4%

    Volume sold and gross margin by region in Q1 2025

      Volume (in ‘000 m3) Gross margin (in €m)
      Q1 2025 Q1 2024 Q1 2025
    vs Q1 2024    		 Q1 2025 Q1 2024 Q1 2025
    vs Q1 2024
    Europe 255 245 4% 65 62 4%
    Caribbean 584 573 2% 85 80 7%
    Africa 712 674 6% 68 67 1%
    TOTAL 1,552 1,491 4% 218 209 4%

    LPG volume was slightly up. The main drivers for growth over the quarter were bulk in France, where sales teams were particularly dynamic and won several new contracts. Autogas in France also saw a strong performance, as a result of several contracts won with service stations in 2024. Market share in France continued to increase, benefiting from a high level of customer engagement. These strong dynamics were partially offset by lower volume in Morocco where the market faced a product shortage after difficult weather conditions kept the supply vessels from unloading the product. Gross margin remained stable.

    • As regards fuel:
      • in the retail business (representing 49% of fuel volume and 52% of fuel gross margin in Q1 2025) volume grew by 4% vs Q1 2024. Gross margin increased by 14%, driven by:
        • increasing volume in East Africa, with Zambia, Uganda and Rwanda showing significant growth rates thanks to rebranded service stations,
        • Madagascar also saw significant volume and margin growth year over year, thanks to a well-maintained network and improved logistics, enabling the Company to increase its market share,
        • activity continued to be very dynamic in the Caribbean, with Jamaica, Barbados, and Guyana still performing well. The situation in Haiti remains unchanged with half of the service stations closed at the end of March 2025;
      • the Commercial and Industrial business (C&I, representing 28% of fuel volume and 24% of fuel gross margin in Q1 2025) increased by 2% in volume and decreased by 1% in gross margin over the period, led by Kenya, Zambia, Guyana, Suriname and Barbados;
      • the aviation segment (representing 20% of fuel volume and 19% of fuel gross margin in Q1 2025) saw increased margins in Q1 2025 at +6% despite a slight volume decline of 2%. This performance was mainly driven by the Eastern Caribbean region, where some airlines decreased their frequencies, and the pricing environment was favourable.
    • Bitumen volume was up 35% yoy, mainly driven by Nigeria where Rubis’ supply situation was particularly strong. Togo and South Africa also saw strong volume increase, with improving margins. Gross margin showed a 6% decrease yoy and is the result of a different product mix in Nigeria.

    2.   ENERGY DISTRIBUTION – SUPPORT & SERVICES

    The Support & Services activity recorded €266m of revenue (+2% yoy) in Q1 2025.

    Volume excluding crude deliveries was up 5% and margins were down 4% vs Q1 2024.

    In the Caribbean, trading activity was dynamic with +5% in volume.

    In Africa, bitumen shipping activity was at a level comparable to that of Q1 2024 (volume +1%) with more numerous but shorter routes.

    SARA refinery and logistics operations present specific business models with stable earnings profile.

    3.   RENEWABLE ELECTRICITY PRODUCTION – PHOTOSOL

    Operational data Q1 2025 Q1 2024 Q1 2025
    vs Q1 2024
    Assets in operation (MWp) 535 450 +19%
    Electricity production (GWh) 102 81 +26%
    Sales (in €m) 11 8 +28%

    Over Q1 2025, Photosol commissionned 12MWp, leading its assets in operation to grow by 19% yoy at 535 MWp. The secured portfolio increased by 22% to 1.1 GWp with 53 MWp new projects secured over Q1 2025. The pipeline reached 5.7 GWp (+21% yoy). Revenue for Q1 2025 stood at €11m, up 28% vs Q1 2024, benefitting from portfolio expansion and a higher load factor.

    In April 2025, Alix Lajoie became President and Thomas Aubagnac became CEO of Photosol, as planned. Both were previously Deputy CEOs since 2023. The two founders, David Guinard and Robin Ucelli, remain shareholders and Board members of Photosol.

    OUTLOOK – FY 2025 GUIDANCE REAFFIRMED

    The working assumptions used to establish the 2025 guidance remain unchanged.

    Group EBITDA is expected at €710m to €760m in 2025 (assuming IAS 29 – hyperinflation impact unchanged versus 2024).

    Reminder: Photosol 2027 ambitions:

    • Secured portfolio(1) above 2.5 GWp
    • Consolidated EBITDA(2): €50-55m, of which c.10% EBITDA contribution from farm-down initiatives
      • Power EBITDA(3): €80-85m
      • Secured EBITDA(4): €150-200m

    NON-FINANCIAL RATING

    • MSCI: AA (reiterated in Dec-24)
    • Sustainalytics: 29.2 (from 30.7 previously)
    • ISS ESG: C (from C- previously)
    • CDP: B (reiterated in Feb-25)

    Webcast for investors and analysts
    Date: 5 May 2024, 6:00pm
    Link to register: https://channel.royalcast.com/rubisen/#!/rubisen/20250505_1
    Participants from Rubis:

    • Marc Jacquot, CFO
    • Clémence Mignot-Dupeyrot, Head of IR

    Upcoming events
    Shareholders’ Meeting: 12 June 2025
    Q2 & H1 2025 results: 9 September 2025
    Q3 & 9M 2025 trading update: 4 November 2025
    Q4 & FY 2025 results: 12 March 2026

    (1) Includes ready-to-build, under construction and in operation capacities.
    (2) EBITDA reported in Rubis Group consolidated financial statements.
    (3) Aggregated EBITDA from operating PV through electricity sales.
    (4) Illustrative EBITDA coming from secured portfolio.

    Press Contact Analyst Contact
    RUBIS – Communication department RUBIS – Clémence Mignot-Dupeyrot, Head of IR
    Tel: +33 (0)1 44 17 95 95

    presse@rubis.fr

    		 Tel: +33 (0)1 45 01 87 44

    investors@rubis.fr

    Attachment

    The MIL Network –

  • MIL-OSI Banking: ICC leadership joins B20 South Africa task forces 

    Source: International Chamber of Commerce

    Headline: ICC leadership joins B20 South Africa task forces 

    Bolstering ICC’s engagement as an official B20 Network Partner, ICC representatives will lend expertise and leadership to co-chair the following B20 task forces: 

    Co-Chair, Finance and Infrastructure  
    John W.H. Denton AO, ICC Secretary General,   

    Industrial Transformation and Innovation  
    Shinta Kamdani, ICC Executive Board Vice-Chair, and Marjorie Yang, ICC Executive Board Member   

    Digital Transformation  
    Karan Bilimoria, Chair, ICC United Kingdom 

    The B20 is the official platform for the international business community to support the work of the G20 process. Since 2010, when the B20 was established, ICC has played a consistent and leading role in shaping the process, providing policy leadership and expertise, amplifying outcomes and supporting continuity, most recently as an official B20 Network Partner. 

    This year’s G20 Presidency is held by South Africa, marking the first time it has been led by an African nation. The B20 is hosted by Business Unity South Africa (BUSA).  

    The B20 Secretariat has convened the following eight task forces: 

    • Employment & Education 
    • Trade & Investment 
    • Energy Mix & Just Transition 
    • Digital Transformation 
    • Integrity & Compliance 
    • Finance & Infrastructure 
    • Sustainable Food Systems & Agriculture 
    • Industrial Transformation & Innovation. 

    Each of the eight task forces is chaired by a business leader from Africa and will produce a series of policy recommendations in line with the B20’s theme of Inclusive Growth and Prosperity through Global Cooperation. 

    Highlighting the unique agency of South Africa’s G20 Presidency and how ICC is working to support its success, ICC Secretary General John W.H. Denton AO, who participated in the B20 South Africa launch in Cape Town in February 2025, said: 

    “The G20 process in South Africa represents a unique opportunity to revitalise multilateralism in the current context. At ICC we are honoured to be B20 Network Partners once again, supporting all eight of the Task Forces this year. We look forward to working closely with the Secretariat to ensure the private sector is positioned as a true partner to these important discussions, leveraging our global network and policy insights.”  

    In addition to task force co-leadership roles, ICC B20 support includes the participation of 19 members of the ICC leadership across the eight task forces, policy support from the ICC Global Policy department, and network support from the ICC Agri-Food Initiative.

    MIL OSI Global Banks –

  • MIL-OSI USA: News 05/5/2025 Here’s How Republicans Are Strengthening the Economy

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)

    Last week marked President Trump’s 100th day in office. And in that short amount of time, the Trump administration has made incredible progress to Make America Great Again—especially by strengthening our economy.

    In the last 100 days, President Trump has slashed Democrats’ far-left regulations, unleashed American energy production, and secured trillions of dollars in investments to support American workers, develop new technologies, and spur economic growth, including in Tennessee.

    The candy company Charms is investing nearly $100 million to expand its production plant and distribution center in Covington. Mt. Juliet was included in a $700 million nationwide investment by Schneider Electric to boost domestic manufacturing and energy infrastructure. And the electronics company ABB is investing $80 million in Selmer to expand manufacturing and create new jobs.

    Last week, I had the honor of joining President Trump at the White House as he welcomed the CEOs of companies that are making new investments in America, especially in light of his executive order establishing the United States Investment Accelerator. This order helps to facilitate new investments in our country by reducing regulations and making it easier to do business in America.

    In the Senate, I’ve introduced the Investment Accelerator Act, which would permanently establish President Trump’s new program. Among its provisions, this legislation would speed up permitting, increase coordination across federal agencies to work with companies, encourage research collaboration with national labs, and help state governments eliminate burdensome regulations. Altogether, this legislation would ensure that America will long benefit from President Trump’s Investment Accelerator and help usher in a new Golden Age of America, which is already underway.

    In April, our economy added 177,000 jobs, beating expectations by more than 40,000 jobs with major gains in transportation, warehousing, and health care. The month before, falling energy costs pushed annual inflation down to 2.4 percent, tying the lowest inflation rate since President Biden took office in 2021.

    To ensure that Americans have more money in their pocketbook, President Trump and Republicans are also working hard to extend the President’s 2017 tax cuts. These tax cuts delivered historic growth for the economy, but if we fail to extend them, families and businesses will face a $4 trillion tax hike. That’s why, earlier this month, Republicans in Congress passed a budget resolution that will enable us to extend these expiring tax provisions.

    At the same time, we’re advancing other tax priorities championed by President Trump, including his proposal to cut taxes on Social Security. By taxing Social Security, the federal government is taxing a tax. This makes no sense: Social Security recipients have already paid into the program with decades of tax payments, so they deserve the full sum of their Social Security income. However, nearly 56 percent of retirees pay taxes on their Social Security benefits because Bidenflation pushed seniors’ benefits into higher and higher income brackets.

    To address this problem, I’ve introduced the RETIREES FIRST Act. This legislation would lower the tax burden on Social Security benefits for seniors by raising the provisional income threshold from $25,000 to $34,000 for single filers and $32,000 to $68,000 for married filers. In effect, this legislation would eliminate income taxes for many of our nation’s retirees, leaving them with more money in their paychecks.

    As we work on these tax provisions and more, I look forward to working with President Trump to deliver relief for hard working Tennesseans. America is the greatest nation on earth, and with determined leadership back in the White House, we can make our economy stronger than ever before.

    MIL OSI USA News –

  • MIL-OSI: Security Bancorp, Inc. Announces First Quarter Earnings

    Source: GlobeNewswire (MIL-OSI)

    MCMINNVILLE, Tenn., May 05, 2025 (GLOBE NEWSWIRE) — Security Bancorp, Inc. (OTCBB “SCYT”) (“Company”) today announced consolidated results for the first quarter ended March 31, 2025. The Company is the holding company for Security Federal Savings Bank of McMinnville, Tennessee (“Bank”).

    Net income for the three months ended March 31, 2025 was $1.0 million, or $2.73 basic earnings per share, compared to $984,000, or $2.63 basic earnings per share, for the quarter ended March 31, 2024.

    For the three months ended March 31, 2025, net interest income increased $335,000, or 13.1%, to $2.9 million from $2.6 million for the same period in 2024. Total interest income increased $763,000, or 16.9%, to $5.3 million for the three months ended March 31, 2025 from $4.5 million for the same period in 2024. Total interest expense increased $428,000 to $2.4 million for the three months ended March 31, 2025 from $2.0 million for the quarter ended March 31, 2024. The increase in interest expense was primarily due to an increase in interest-bearing deposits. Net interest income, after provision for credit losses, for the three months ended March 31, 2025 increased $379,000 to $2.9 million, compared to $2.5 million for the same period in 2024.

    The provision for credit losses was $7,000 for the three months ended March 31, 2025, a decrease of $44,000 compared to $51,000 for the three months ended March 31, 2024.

    Non-interest income for the three months ended March 31, 2025 was $486,000 compared to $515,000 for the three months ended March 31, 2024, a decrease of $29,000, or 5.6%.  

    Non-interest expense for the three months ended March 31, 2025 was $2.0 million, an increase of $323,000, or 19.1%, from $1.7 million for the same period in 2024. The increase was primarily due to an increase in professional fees related to the renegotiation of data processing contracts.

    The Company’s consolidated total assets increased by $32.1 million, or 8.9%, to $391.8 million at March 31, 2025 from $359.7 million at December 31, 2024. The increase in consolidated assets was due to increases in interest-bearing deposits with banks, Federal funds sold and loans. These asset increases were funded by an increase in customer deposits. Loans receivable, net, increased $12.3 million, or 4.7%, to $276.3 million at March 31, 2025 from $264.1 million at December 31, 2024.

    Non-performing assets decreased $111,000, or 79.9%, to $28,000 at March 31, 2025 from $139,000 at December 31, 2024. The decline was primarily attributable to a decrease in real estate owned. Based on our analysis of delinquent loans, non-performing loans and classified loans, we believe that the Company’s allowance for loan losses of $2.8 million at March 31, 2025 is adequate to absorb known and inherent risks in the loan portfolio at that date. The allowance for loan losses at March 31, 2025 represented 9,953.7% of non-performing assets compared to 2,001.69% at December 31, 2024.

    Investments and mortgage-backed securities available-for-sale decreased $2.6 million, or 5.8%, to $42.4 million from $45.0 million at December 31, 2024. The decrease was due to the maturity of investments.

    Deposits increased $30.1 million, or 9.4%, to $ 350.6 million at March 31, 2025 from $320.5 million at December 31, 2024. The increase in deposits was due to increases in commercial interest-bearing demand deposits as well as certificates of deposit.

    Stockholders’ equity at March 31, 2025 was $37.1 million, or 9.5% of total assets, compared to $35.6 million, or 9.9% of total assets at December 31, 2024.

    Safe-Harbor Statement

    Certain matters in this News Release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may relate to, among others, expectations of the business environment in which the Company operates and projections of future performance. These forward-looking statements are based upon current management expectations, and may, therefore, involve risks and uncertainties. The Company’s actual results, performance, or achievements may differ materially from those suggested, expressed, or implied by forward-looking statements as a result of a wide range of factors including, but not limited to, the general business environment, interest rates, competitive conditions, regulatory changes ,financial market conditions and other uncertainties.

    Contact: Michael D. Griffith
    President & Chief Executive Officer
    (931) 473-4483
    SECURITY BANCORP, INC.
    CONSOLIDATED FINANCIAL HIGHLIGHTS
    (unaudited) (dollars in thousands)
    OPERATING DATA Three months ended
    March 31,    		  
      2025   2024    
    Interest income $5,278   $4,515    
    Interest expense 2,392   1,964    
    Net interest income 2,886   2,551    
    Provision for credit losses 7   51    
    Net interest income after provision for credit losses 2,879   2,500    
    Non-interest income 486   515    
    Non-interest expense 2,014   1,691    
    Income before income tax expense 1,351   1,324    
    Income tax expense 325   340    
    Net income $1,026   $984    
    Net Income per share (basic) $2.73   $2.63    
             
    FINANCIAL CONDITION DATA At March 31, 2025 At December 31, 2024
    Total assets $391,786 $359,725
    Investments and mortgage-backed securities – available for sale 42,412 45,047
    Loans receivable, net 276,348 264,055
    Deposits 350,644 320,527
    Federal Home Loan Bank Advances -0- -0-
    Stockholders’ equity 37,096 35,609
    Non-performing assets 28 139
    Non-performing assets to total assets 0.007% 0.04%
    Allowance for loan losses 2,787 2,782
    Allowance for loan losses to total loans receivable 1.00% 1.04%
    Allowance for loan losses to non-performing assets 9,953.6% 2,001.69%
         

    The MIL Network –

  • MIL-OSI: Coface : Coface records a good start to the year with net income of €62.1m, for an RoATE of 12.7%

    Source: GlobeNewswire (MIL-OSI)

    Coface records a good start to the year with net income of €62.1m, for an RoATE of 12.7%

    Paris, 5 May 2025 – 17.35

    • Turnover: €473m, up 2.0% at constant FX and perimeter
      • Trade credit insurance revenue up 1.2%; client activity also increased by 1.2%
      • Client retention back up at near-record (95.0%); pricing remained negative (-1.3%) in line with historical trends
      • Business information growing again double-digit (+14.7% at constant FX, +18.4% at current FX). Debt collection up +14.8%; factoring was down slightly by -0.7%
    • Net loss ratio at 39.1%, up by 3.3 ppts; net combined ratio at 68.7%, up by 5.6 ppts and stable compared to Q4-24
      • Gross loss ratio at 38.7%, up by 5.5 ppts with higher opening year reserving and reserve releases stable at a high level year on year
      • Net cost ratio increased 2.2 ppts to 29.5%, reflecting continued investments partially offset by better product mix
    • Net income (group share) at €62.1m, down by -9.2% compared to Q1-24
    • Annualised RoATE1at 12.7%

    Unless otherwise indicated, change comparisons refer to the results as at 31 March 2024

    Xavier Durand, Coface’s Chief Executive Officer, commented:
    “With a net income of €62.1m and an RoATE of 12.7%, Coface posted another quarter of solid results in a highly volatile environment. Shifting US policy on international trade is creating a high level of uncertainty, although its potential consequences are not yet visible. In this complicated environment for corporates, Coface remains very close to its clients and is maintaining a highly preventative stance in its risk portfolio which is well diversified across regions and sectors.
    In the medium term, depending on their actual implementation and level, the announced tariffs may have a negative impact on global trade volumes. We may also see prices increase in the United States and an adverse impact on certain industrial sectors and regions, likely leading to higher numbers of business failures.
    Thanks to its leading infrastructure, the quality of its information and its teams of internationally recognised experts, Coface is well positioned to support its clients in managing their risks.
    Against this backdrop, our strategy to invest in better understanding short-term risks and in the strengthening of our range of services (Business Information, Debt Collection) is more relevant than ever and resolutely pursued.”

    Key figures at 31 March 2025

    The Board of Directors of COFACE SA examined the summary consolidated financial statements for the first three months (non-audited) during its meeting on 5 May 2025. The Audit Committee at its meeting on 2 May 2025 also previously reviewed them.

    Income statement items in €m Q1-24 Q1-25 Variation % ex. FX*
    Insurance revenue 378.6 382.9 +1.1% +1.2%
    Other revenue 85.0 90.3 +6.2% +5.5%
    REVENUE 463.7 473.2 +2.1% +2.0%
    UNDERWRITING INCOME/LOSS AFTER REINSURANCE 100.3 85.4 (14.9)% (15.4)%
    Investment income, net of management expenses, excluding finance costs 17.9 10.4 (42.0)% (44.2)%
    Insurance Finance Expenses (11.4) (4.1) (63.6)% (61.6)%
    CURRENT OPERATING INCOME 106.8 91.6 (14.2)% (15.3)%
    Other operating income / expenses (0.1) (0.4) +438.8% +439.8%
    OPERATING INCOME 106.8 91.2 (14.5)% (15.6)%
    NET INCOME (GROUP SHARE) 68.4 62.1 (9.2)% (10.5)%
             
    Key ratios Q1-24 Q1-25 Variation
    Loss ratio net of reinsurance 35.8% 39.1% 3.4 ppts
    Cost ratio net of reinsurance 27.3% 29.5% 2.2 ppts
    COMBINED RATIO NET OF REINSURANCE 63.1% 68.7% 5.6 ppts
             
    Balance sheet items in €m 2024 Q1-25 Variation
    Total equity (group share) 2,193.6 2,234.0 +1.8%

    * Also excludes scope impact

    1.   Turnover

    Coface recorded consolidated turnover of €473.2m, up +2.0% at constant FX and perimeter compared to Q1-24. As reported (at current FX and perimeter), turnover rose +2.1%.

    Revenues from insurance activities (including Bonding and Single Risk) increased by +1.2% at constant FX and perimeter. Client retention returned to a level close to its record high at 95.0% in a still competitive market. New business totalled €37m, stable compared with Q1-24. This was driven by an increase in demand and growth investments, particularly in the mid-market segment.

    Growth in client activity was positive at 1.2%, marking a further improvement compared to the already positive previous quarter. However, this level reflects the economic environment that prevailed before the tariff announcements by the United States. The price effect remained negative at -1.3% in Q1-25, in line with last year and long-term trends.

    Turnover from non-insurance activities was up +7.5% compared to Q1-24. However, not all business lines enjoyed the same momentum. Factoring turnover fell by -0.7%, with Germany and Poland recording identical performance. Business Information turnover continued to grow, rising +14.8% (and +18.4% on a reported basis). Fee and commission income (debt collection commissions) increased +14.8% due to the increase in claims to be collected. Commissions were up +4.0%, exceeding growth in premium income.

    Total revenue – in €m
    (by country of invoicing)    		 Q1-24 Q1-25 Variation % ex. FX2
    Northern Europe 97.8 97.0 (0.8)% (0.8)%
    Western Europe 91.7 96.0 +4.7% +1.9%
    Central & Eastern Europe 45.1 42.3 (6.3)% (6.9)%
    Mediterranean & Africa 138.9 143.4 +3.2% +5.1%
    North America 42.6 43.5 +2.0% +1.5%
    Latin America 18.6 20.4 +9.7% +16.0%
    Asia-Pacific 28.9 30.7 +6.2% +2.7%
    Total Group 463.7 473.2 +2.1% +2.0%

    In Northern Europe, turnover was down by -0.8% at constant and current FX. The region continues to suffer from the weakness of the German economy. This slight decline was partially offset by growth in non-insurance activities. Factoring turnover was down -0.7% but services were up +17.8%.

    In Western Europe, turnover increased +1.9% at constant FX (+4.7% at current FX). The loss of several significant contracts was more than offset by growth in service activities.

    In Central and Eastern Europe, turnover fell -6.9% at constant FX (-6.3% at current FX) due to client activity, which continued to drag down credit insurance, and a significant contract that is now included in another region.

    In the Mediterranean and Africa region, which is driven by Italy and Spain, turnover rose +5.1% at constant FX and +3.2% at current FX on the back of robust sales in credit insurance and services and a generally stronger economic environment.

    In North America, turnover rose by +1.5% at constant FX and +2.0% on a reported basis. The region benefited from a slight improvement in client activity and higher retention.

    In Latin America, turnover increased +16.0% at constant FX and +9.7% at current FX. The region is benefiting from continued high inflation, which is benefiting client activity.

    In Asia-Pacific, turnover increased +2.7% at constant FX and +6.2% at current FX. The region is benefiting from high retention and a slight increase in client activity.

    2.   Result

    • Combined ratio

    The combined ratio net of reinsurance stood at 68.7% for Q1-25, an increase of 5.6 ppts year on year but flat compared to the previous quarter.

    (i)  Loss ratio

    The gross loss ratio stood at 38.7%, up 5.5 ppts compared to the previous year. This increase reflects the normalisation of the loss experience offset by high but stable reserve releases compared to the previous year. The number of mid-sized claims was below long-term trends but is increasing.

    The Group’s provisioning policy remained unchanged. The amount of provisions related to the underwriting year, although discounted, remained in line with the historical average. Strict management of past claims enabled the Group to record 43.6 ppts of recoveries.

    The net loss ratio increased to 39.1%, up 3.3 ppts compared to Q1-24, with reinsurance absorbing part of the deterioration in the gross loss ratio.

    (ii)  Cost ratio

    Coface is pursuing a strict cost management policy while maintaining its investments, in line with the Power the Core strategic plan. In Q1-25, costs rose by +5.7% at constant FX and perimeter, and +5.9% at current FX.

    The cost ratio net of reinsurance was 29.5% in Q1-25, up 2.2 ppts year on year. This increase was mainly due to cost inflation (+1.4 ppt) and continued investment (+2.9 ppts). In contrast, the improved product mix (Business Information, Debt Collection and fee and commission income) had a positive effect of 2.6 ppts. The change in reinsurance commissions explains most of the remainder.

    • Financial result

    Net financial income was €10.4m in the first quarter. This amount includes an FX effect of -€12.4m, mostly due to the application of IAS 29 (Hyperinflation) mainly in Turkey for €4.5m.

    The portfolio’s current yield (i.e. excluding capital gains, depreciation and FX) was €24.9m. The accounting yield3, excluding capital gains and fair value effect, was 0.7% in Q1-25. The yield on new investments was 3.8%.

    Insurance Finance Expenses (IFE) stood at €4.1m for the first quarter. Outside of FX gains, the amount is very similar to that of previous quarters.

    • Operating income and net income

    Operating income amounted to €91.2m in Q1-25, down 14.5%.

    The effective tax rate was 23% for the quarter (vs. 27% in Q1-24).

    In total, net income (group share) was €62.1m, down 9.2% compared to the first quarter of 2024.

    3.   Shareholders’ equity

    At 31 March 2025, Group shareholders’ equity stood at €2,234.0m, up €40.4m or +1.8% (€2,193.6m at 31 December 2024).

    This increase is mainly due to positive net income of €62.1m and an FX effect.

    The annualised return on average tangible equity (RoATE) was 12.7% at 31 March 2025, down from the previous year, in line with the decline in net income.

    4.   Outlook

    Uncertainty about international economic policy is reaching a rarely seen levels. The United States announced the implementation of massive tariffs which vary depending on industrial sector and the imports’ country of origin. Implementation has been delayed in most cases to allow time for negotiations.

    Estimates of the long-term impact will have to wait until the tariffs actually implemented are more stable. In the short term, this uncertainty is delaying investment decisions and detracting from economic growth.

    This unprecedented complex environment validates the strategy and positioning adopted by Coface, which draws on its internationally recognised experts and industry leading data to support its clients as effectively as possible as the situation evolves. In the short term, Coface has stepped up communication with its clients and maintained its prevention actions at a high level, while continuing to invest in line with the Power the Core strategic plan. The workforce dedicated to services (Business Information and Debt Collection) currently stands at nearly 700 people.

    Conference call for financial analysts

    Coface’s Q1-2025 results will be discussed with financial analysts during the conference call on Monday 5 May at 18:00 (Paris time). Dial one of the following numbers:

    The presentation will be available (in English only) at the following address:
    http://www.coface.com/Investors/financial-results-and-reports

    Appendices

    Quarterly results

    Income statement items in €m
    Quarterly figures    		 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25   % %
    ex. FX*
    Insurance revenue 378.6 375.6 375.9 382.7 382.9   +1.1% +1.2%
    Other revenue 85.0 83.4 78.0 85.5 90.3   +6.2% +5.5%
    REVENUE 463.7 459.1 453.8 468.3 473.2   +2.1% +2.0%
    UNDERWRITING INCOME (LOSS)
    AFTER REINSURANCE    		 100.3 94.7 88.8 84.9 85.4   (14.9)% (15.4)%
    Investment income, net of management expenses, excluding finance costs 17.9 22.8 19.0 31.9 10.4   (42.0)% (44.2)%
    Insurance Finance Expenses (11.4) (6.7) (7.3) (17.1) (4.1)   (63.6)% (61.6)%
    CURRENT OPERATING INCOME 106.8 110.9 100.5 99.7 91.6   (14.2)% (15.3)%
    Other operating income / expenses (0.1) (0.5) (2.6) (5.5) (0.4)   438.8% 439.8%
    OPERATING INCOME 106.8 110.4 97.9 94.2 91.2   (14.5)% (15.6)%
    NET INCOME (GROUP SHARE) 68.4 73.8 65.4 53.4 62.1   (9.2)% (10.5)%
    Income tax rate 27.2% 26.8% 25.5% 36.2% 23.0%   (4.2) ppt

    Cumulated results

    Income statement items in €m
    Cumulated figures    		 Q1-24 H1-24 9M-24 2024 Q1-25   % %
    ex. FX*
    Insurance revenue 378.6 754.3 1,130.2 1,512.9 382.9   +1.1% +1.2%
    Other revenue 85.0 168.5 246.4 331.9 90.3   +6.2% +5.5%
    REVENUE 463.7 922.7 1,376.6 1,844.8 473.2   +2.1% +2.0%
    UNDERWRITING INCOME (LOSS)
    AFTER REINSURANCE    		 100.3 195.0 283.8 368.7 85.4   (14.9)% (15.4)%
    Investment income, net of management expenses, excluding finance costs 17.9 40.8 59.8 91.7 10.4   (42.0)% (44.2)%
    Insurance Finance Expenses (11.4) (18.1) (25.4) (42.5) (4.1)   (63.6)% (61.6)%
    CURRENT OPERATING INCOME 106.8 217.7 318.2 417.9 91.6   (14.2)% (15.3)%
    Other operating income / expenses (0.1) (0.5) (3.1) (8.6) (0.4)   438.8% 439.8%
    OPERATING INCOME 106.8 217.2 315.1 409.2 91.2   (14.5)% (15.6)%
    NET INCOME (GROUP SHARE) 68.4 142.3 207.7 261.1 62.1   (9.2)% (10.5)%
    Income tax rate 27.2% 27.0% 26.5% 28.7% 23.0%   (4.2) ppt  

    * Also excludes scope impact

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)

    Annual General Shareholders’ Meeting: 14 May 2025
    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2024 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

    Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust.
    You can check the authenticity on the website www.wiztrust.com.
     

    COFACE: FOR TRADE
    As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment.
    Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring.
    Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
    In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is quoted in Compartment A of Euronext Paris
    Code ISIN: FR0010667147 / Ticker: COFA

    DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2024 Universal Registration Document filed with AMF on 5 April 2024 under the number D.25-0227 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.

    1 Return on average tangible equity
    2 Also excludes scope impact
    3 Book yield calculated on the average of the investment portfolio excluding non-consolidated subsidiaries.

    Attachment

    The MIL Network –

  • MIL-OSI Global: To the brink and back: How near-death experiences can change how people work

    Source: The Conversation – Canada – By Akierah Binns, PhD Management Candidate, University of Guelph

    New research on near-death experiences challenges conventional ideas about success, motivation and workplace culture. (Shutterstock)

    What happens when someone comes close to death and then returns to everyday life, including work? For some, the experience can be transformative.

    Near-death experiences (NDEs) are deeply personal experiences that some people report after a close brush with death. These experiences can include sensations such as floating above one’s body, reviewing moments from one’s life, encountering spiritual beings and feeling a profound sense of unity and love.

    Although NDEs have been studied since the 1970s, we know relatively little about how they affect people after the event. Research suggests people who have near-death experiences may feel increased empathy, spiritual growth, a sense of purpose and even change how they approach their jobs.

    Our recent study explored how near-death experiences impact people’s return to work. We interviewed 14 working adults who had a near-death experience as a result of medical crises such as a heart attack or accidents such as a car crash. What we found challenges conventional ideas about success, motivation and workplace culture.

    Doing meaningful work

    One of the most common changes expressed by the participants in our study was a desire to do work that felt meaningful and aligned with their newfound purpose in life.

    After their near-death experiences, many wanted to spend time doing work that mattered to them and made a positive difference.

    “I was not interested in doing nonsense … I just was not gonna waste my time on nonsense,” one participant told us. Her perspective shifted dramatically after her heart began beating abnormally for 20 minutes and she lost consciousness.

    Others described similar shifts. Many participants changed their careers by focusing on different work priorities, switching jobs or even starting their own companies. One participant described quitting a high-earning job after being headhunted. She started her own business, which allowed her to use her own NDE to support individuals through the end-of-life process.

    As one participant put it:

    “I like to say that when I woke up in that hospital bed, I had a knowing that the character I was playing was no longer working for me and I had to change characters, and changing that character meant changing that job.”

    Rethinking motivation

    Another significant shift reported by participants was a reprioritization of their values, which, in turn, shifted their attitudes towards work and their careers.

    After experiencing a near-death experience, many lost interest in external measures of success such as salary, fancy titles and prestige. Across the study’s participants, all reported no longer being motivated by extrinsic factors, such as money or receiving recognition for work.

    Instead, they focused on internal alignment and authenticity. Rather than being driven by external rewards, participants were motivated by personal growth and making a positive difference.

    In some workplaces, employee motivation is driven by extrinsic incentives such as bonuses, promotions or external recognition. However, after their NDEs, participants reported being driven by their own internal benchmarks or purpose.

    As one of our interviewees said:

    “The motivation that was there came from this very strange, deep place that I wanted to all of a sudden make a huge impact, you know, in every part of my life … It’s hard to come out of this experience and not feel there’s a reason why you’re here, and you hate to say it, but you feel you have this special gift now. And it’s like why and how am I going to apply this? So, with work, I approach it that way as well.”

    Relational transformations

    We also found that near-death experiences transformed how people interacted with and related to others at work. This is consistent with previous research that shows distinct personality and attitude changes reported by survivors of NDES. Specifically, NDEs shift individual outlooks on life and can serve as catalysts for transformation, influencing how people relate to others.

    Before their near-death experience, many participants viewed workplace relationships as task-oriented and transactional. But afterward, those same relationships became more meaningful to them.

    Colleagues, clients and customers were no longer viewed as just business contacts. Instead, several participants spoke of their service and sales interactions as small acts of relationship-building rather than simply being economic exchanges.

    One participant said:

    “My relationships across the board are deeper, are more connected with people, a hundred per cent … I was a decent salesman before but this is, like, bringing spirituality into a quote-unquote sales position, which blows my mind.”

    One of the most common changes described by participants was a desire to do work that felt meaningful and aligned with a newfound sense of purpose.
    (Shutterstock)

    Lessons for the rest of us

    What does this mean for those of us who haven’t had a near-death experience?

    The participants in our study said their near-death experiences reoriented them to what really matters in life. The after-effects challenge traditional organizational values that celebrate hyper-productivity at the expense of meaning and high-quality relationships. As previous studies suggest, workers engaged in meaningful work eventually manifest greater productivity and accomplishment as opposed to burnout as a result of overwork.

    As interest in workplace well-being continues to rise — particularly in the wake of COVID-19 and the “great resignation” — NDE survivors may be ahead of the curve.

    The after-effects of a near-death experience align with what workers tend to want from their jobs. Workers generally want to satisfy three fundamental needs: economic security, meaningful work and high-quality relationships. Our results suggest that NDE after-effects result in reductions in the importance of satisfying the drive for economic security and elevate the significance of meaningful work and authentic relationships.

    The stories of near-death experience survivors offer a kind of blueprint for reimagining how we work. For employees, that might mean re-evaluating what success looks like or exploring roles that align more closely with personal values. For employers, it might involve fostering workplace cultures that prioritize connection, purpose and well-being.

    One participant offers a lasting reminder for all of us seeking more meaning in our life and jobs: “It’s about relationships, not achievements.”

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

    – ref. To the brink and back: How near-death experiences can change how people work – https://theconversation.com/to-the-brink-and-back-how-near-death-experiences-can-change-how-people-work-254443

    MIL OSI – Global Reports –

  • MIL-OSI Russia: Science in Action: Scientist from the State University of Management Scientists Speaks at a Forum in St. Petersburg

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    From April 28 to 29, Alexey Terentyev, Chief Researcher of the Scientific Research Coordination Department of the State University of Management, took part in the plenary session of the III International Scientific and Practical Conference “Modeling of Modern Information Systems in the Context of Digital Transformation”, which was held at the St. Petersburg State Transport University.

    The conference participants were researchers, teachers, doctoral students, postgraduate students of universities, representatives of non-profit organizations, enterprises, IT companies, regional and federal government bodies. They discussed Russian and international experience, results and prospects for the development of mathematics and information technology in transport, the growth of scientific knowledge in the field of mathematical modeling, numerical methods and software packages.

    A SMU scientist presented a report on the topic “Methods of decision-making theory under conditions of uncertainty for applied problems of transport logistics.”

    On April 29, Alexey Terentyev visited the St. Petersburg Federal Research Center of the Russian Academy of Sciences (SPb FRC RAS) to exchange experience in fundamental areas of research in the field of decision theory.

    As a result of fruitful communication, a common interest was identified in conducting joint research aimed at developing and elaborating original mathematical methods of modeling in complex control systems based on decision theory.

    Subscribe to the TG channel “Our GUU” Date of publication: 05.05.2025

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

    MIL OSI Russia News –

  • MIL-OSI Russia: The Nizhny Novgorod Higher School of Economics has created simulators for government procurement

    Translation. Region: Russian Federal

    Source: State University Higher School of Economics – State University Higher School of Economics –

    Specialists Faculty of Law HSE University – Nizhny Novgorod and invited experts (Larisa Pakhomova and Anastasia Selchenok) have developed a series of dialogue simulators for training public procurement specialists. Users will be able to effectively practice skills in this area and go through complex procedures in a safe virtual environment.

    The Faculty of Law of the National Research University Higher School of Economics — Nizhny Novgorod has launched a series of dialogue simulators developed for training in the field of state and municipal procurement. This is a digital environment for practical mastery of complex procurement procedures under Federal Laws 44 and 223.

    Dialogue simulators allow users — representatives of customers, suppliers, contractors and performers — to go through realistic scenarios that simulate real processes. This approach helps to learn the theoretical foundations and immediately put the acquired knowledge into practice.

    The product is designed for public procurement specialists undergoing training at programs advanced training and professional retraining Center for Legal Support of Business, Public Procurement and Foreign Economic Activity HSE University – Nizhny Novgorod. The interactivity of the tool ensures high involvement of students, and the online format makes it possible to study at a convenient time and in any place.

    “We sought to create a modern and useful tool for training specialists working with public procurement. We believe that practice is the best way to learn, especially in the legal field, where the consequences of mistakes can be quite significant,” said Anastasia Loginova, head of the center and deputy dean of the faculty of law at the National Research University Higher School of Economics – Nizhny Novgorod.

    Currently, demo versions of simulators for testing knowledge of Federal Laws 44 and 223, allowing you to get acquainted with the functionality and evaluate the effectiveness of the methodology, are available free of charge.

    The dialogue simulator “Management of state and municipal purchases” allows you to practice practical skills in purchasing goods within the framework of 44-FZ And 223-FZ. It offers the user to consistently go through the path from entering the purchase into the plan-schedule to the announcement of the winner and electronic certification. The simulator also contains tasks on 344-FZ in various pre-written scenarios. Practicing skills on the simulator will help to avoid mistakes and, accordingly, liability for violations in the field of public procurement, will teach you to identify unscrupulous suppliers at the stage of submitting applications, and also to accurately calculate the amount of the application security in order to prevent the appeal procedure in the future.

    Passing the dialogue simulator «Tender specialist» will teach you how to correctly analyze procurement documentation, calculate the amount of costs for procurement support and costs for contract execution, as well as the full amount of financial costs. In practice, errors in such calculations can lead to undesirable consequences, including bankruptcy of the organization participating in the procurement, inclusion in the register of unscrupulous suppliers, or administrative liability.

    Also available Contract Managers Simulator, working under 44-FZ.

    Currently, the Faculty of Law of the National Research University Higher School of Economics – Nizhny Novgorod continues to develop the product, including creating simulators for legal practice.

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

    MIL OSI Russia News –

  • MIL-OSI: Virtune announces change of Index Provider

    Source: GlobeNewswire (MIL-OSI)

    Stockholm, 5 May 2025 – Virtune announces that as of May 12, 2025, the index provider for Virtune’s existing index ETPs will change to MarketVector IndexesTM (“MarketVector”). In addition, reference prices from MarketVector will be used for Virtune’s other ETPs.

    Notice of changed service provider within Virtune’s ETP program
    Virtune announces a change of index administrator, index calculation agent, and reference price provider to MarketVector for all of Virtune’s ETPs, which will be reflected in the updated final terms, available as of May 12, 2025.

    Please note that this change does not affect investors or the trading of Virtune’s ETPs and no action is required from investors.

    Change:
    New index administrator, index calculation agent and reference price provider: MarketVector Indexes GmbH
    Address: Voltastrasse 1, 60486 Frankfurt am Main, Germany

    Index change as of May 12, 2025, with MarketVector as new index administrator and index calculation agent:

    Virtune Crypto Top 10 Index ETP SEK (ISIN: SE0020052207): Change to Virtune Crypto Top 10 Index produced by MarketVector

    Virtune Crypto Top 10 Index ETP EUR (ISIN: SE0020052215): Change to Virtune Crypto Top 10 Index produced by MarketVector

    Virtune Crypto Altcoin Index ETP (ISIN: SE0023260716): Change to Virtune Crypto Altcoin Index produced by MarketVector

    The methodology for the above indexes and their respective components will remain essentially unchanged from the previous indexes and therefore have no impact on investors in these ETPs. Virtune will remain the index sponsor for the above indexes.

    Change of reference prices as of May 12, 2025, with MarketVector as new reference price provider:

    The following ETPs will use reference prices from MarketVector to calculate the daily Net Asset Value. This change has no impact on investors in these ETPs:

    ● Virtune Bitcoin ETP (ISIN: SE0020845709)
    ● Virtune Staked Ethereum ETP (ISIN: SE0020541639)
    ● Virtune Staked Solana (ISIN: SE0021309754)
    ● Virtune Staked Polkadot ETP (ISIN: SE0021148129)
    ● Virtune XRP ETP (ISIN: SE0021486156)
    ● Virtune Avalanche ETP (ISIN: SE0022050092)
    ● Virtune Chainlink ETP (ISIN: SE0021149259)
    ● Virtune Arbitrum ETP (ISIN: SE0021310133)
    ● Virtune Staked Polygon ETP (ISIN: SE0021630217)
    ● Virtune Staked Cardano ETP (ISIN: SE0021630449)
    ● Virtune Litecoin ETP (ISIN: SE0023951082)

    Press contact
    Christopher Kock, VD Virtune AB (Publ)
    Christopher@virtune.com
    +46 70 073 45 64

    About Virtune
    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

    About MarketVector
    MarketVector IndexesTM (“MarketVector”) is a regulated benchmark administrator in Europe, registered in Germany and approved by the Federal Financial Supervisory
    Authority (BaFin). MarketVector maintains indexes under the names MarketVectorTM, MVIS®️ and BlueStar®️. With a mission to drive innovation in indexing globally, MarketVector is especially known for its broad range of thematic indexes, long-standing expertise in real asset-linked equity indexes, and its pioneering family of digital asset indexes. MarketVector proudly partners with more than 25 issuers of exchange-traded products (ETPs) and index fund managers across global markets, with approximately USD 50 billion in assets under management.

      
    Crypto investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

    Attachment

    The MIL Network –

  • MIL-OSI USA: SBA Relief Still Available to Ohio Small Businesses and Private Nonprofits Affected by September Drought

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Ohio of the June 2 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Sept. 24, 2024. 

    The disaster declaration covers the Ohio counties of Adams, Brown, Butler, Clermont, Clinton, Coshocton, Guernsey, Hamilton, Highland, Holmes, Knox, Licking, Montgomery, Muskingum, Pike, Preble, Scioto, Tuscarawas and Warren and Dearborn, Franklin, and Union in Indiana as well as Boone, Bracken, Campbell, Kenton, Lewis, Mason, and Pendleton in Kentucky. 

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises. 

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster. 

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”  

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition. 

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. 

    The deadline to return economic injury applications is June 2, 2025. 

    ### 

    About the U.S. Small Business Administration 

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI: Flow Capital Announces Cash Dividend on Series A Preferred Shares

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 05, 2025 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a leading provider of flexible growth capital and alternative debt solutions, is pleased to announce a cash dividend of $0.069 per Series A Preferred Share (“Preferred Shares”), paid on May 2, 2025, to shareholders recorded as of March 31, 2025. This dividend corresponds to the period from January 1, 2025 to March 31, 2025.

    This dividend as an eligible dividend for the purposes of the Income Tax Act (Canada) and relevant provincial or territorial legislation. Consequently, Canadian residents who receive this dividend may benefit from an enhanced dividend tax credit.

    The declaration and payment of dividends on the Preferred Shares are subject to the discretion of the Company’s board of directors. Future dividend declarations will depend on the Company’s financial performance, cash requirements, prospects, and other factors considered pertinent by the board.

    About Flow Capital 

    Flow Capital Corp. is a publicly listed provider of flexible growth capital and alternative debt solutions dedicated to supporting high-growth companies. Since its inception in 2018, the company has provided financing to businesses in the US, the UK, and Canada, helping them achieve accelerated growth without the dilutive impact of equity financing or the complexities of traditional bank loans. Flow Capital focuses on revenue-generating, VC-backed, and founder-owned companies seeking $2 to $10 million in capital to drive their continued expansion.

    All growing technology companies seeking covenant-light founder-friendly growth capital, are invited to apply for funding directly at www.flowcap.com/get-funding.

    For further information, please contact:

    Flow Capital Corp.

    Alex Baluta
    Chief Executive Officer, Flow Capital Corp.
    alex@flowcap.com

    47 Colborne Street, Suite 303
    Toronto, Ontario M5E 1E3

    Forward-Looking Information and Statements

    Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.

    The MIL Network –

  • MIL-OSI: BexBack Launches High-Leverage Crypto Trading With No KYC, Double Deposit Bonus, and $50 Welcome Bonus

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 05, 2025 (GLOBE NEWSWIRE) — As the cryptocurrency market reaches new levels of global adoption, BexBack, a fast-growing digital asset derivatives exchange, is redefining the future of leveraged trading. The platform now offers up to 100x leverage, no KYC requirement, a 100% deposit bonus, and a $50 welcome bonus to empower traders across the world.

    Launched in May 2024 and headquartered in Singapore, BexBack has quickly attracted over 500,000 users across more than 200 countries, with strong adoption in the United States, Canada, and Europe. Its commitment to transparency, security, and performance has positioned it as one of the most promising platforms in the crypto derivatives space.

    “We believe trading should be fast, secure, and accessible to everyone,” said Amanda, Business Manager at BexBack. “By removing entry barriers like KYC and providing strong financial incentives, we’re helping users seize market opportunities without compromise.”

    Key Features of BexBack:

    • No KYC Required: Users can start trading instantly while maintaining privacy.
    • 100x Leverage: Maximize capital efficiency across BTC, ETH, ADA, SOL, XRP and 50+ other crypto futures.
    • $50 Welcome Bonus: Earned after a deposit of at least 0.001 BTC or 100 USDT and completing the first trade.
    • 100% Deposit Bonus: Double your trading capital up to 10 BTC; bonus usable as margin
    • Zero Deposit Fees: Move funds without friction.
    • Advanced Security: Protected by multi-signature cold wallets, distributed servers, and DDoS prevention.
    • Regulatory Compliance: BexBack is a registered MSB under U.S. FinCEN, ensuring a compliant trading environment.
    • Global Access & 24/7 Support: Available to traders worldwide with round-the-clock assistance.

    Driving the Future of Crypto Trading

    BexBack’s mission is to democratize access to high-performance trading tools and provide a level playing field for retail traders. The platform offers a demo account with 10 BTC and 1M USDT in virtual funds, ideal for beginners to gain experience before committing real capital.

    As global economic uncertainty and market volatility continue, leveraged futures have become a critical strategy for traders seeking greater flexibility and profit potential. BexBack meets this demand with institutional-grade tools designed for all skill levels.

    Start Trading Today

    Traders interested in joining the BexBack community can sign up at www.bexback.com, make their first deposit, and begin trading with up to 100x leverage—no KYC, no barriers.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. 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. We do not guarantee any claims, statements, or promises made in this article. 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. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. 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. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    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 assume no responsibility for any inaccuracies, errors, or omissions. 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.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4b76b8ef-8984-4ab2-835a-4e95d81c2a11

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7cc88919-f350-4f53-b54f-6a86227f3254

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fbd9db24-bdfd-4c2c-b074-40a548359fac

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e3d19656-4c31-4a31-9680-1c795bdf52a9

    The MIL Network –

  • MIL-OSI: Fastest Payout Online Casinos: JACKBIT Picked as the Top Paying Casino 2025

    Source: GlobeNewswire (MIL-OSI)

    BINGHAMTON, N.Y., May 05, 2025 (GLOBE NEWSWIRE) — After spending time exploring different online casinos, we quickly realized that many just didn’t meet expectations. The bonuses felt small, the game selections were limited, and the overall experience wasn’t very memorable. Then we discovered JACKBIT, and it changed everything. From the moment we signed up, it impressed us with a generous welcome bonus, lightning-fast crypto payments, and a vast array of games.

    The platform was intuitive, and everything flowed smoothly. JACKBIT truly shines as one of the fastest payout online casinos, offering instant withdrawal capabilities that distinguish it among instant withdrawal casinos.

    ✅JOIN THE BEST ONLINE CASINO: JACKBIT

    Our Top Pick: Why JACKBIT Leads The Pack

    In the dynamic world of online gambling, JACKBIT stands out as our favorite for 2025, particularly as the fastest payout online casino. Its seamless integration of cryptocurrency transactions ensures not only speed but also enhanced privacy and security.

    With over 6,000 games, a comprehensive sportsbook, and a no KYC policy for crypto users, JACKBIT caters to both casual players and seasoned gamblers. Its user-centric design and innovative features make it a benchmark for what modern online casinos should be, especially for those prioritizing quick payouts.

    JACKBIT Casino Features: A Closer Look

    JACKBIT offers a robust set of features that solidify its position as the fastest payout online casino. Here’s what you can expect:

    • Welcome Bonuses: 30% Rakeback bonus and 100 wager-free spins to enjoy your winnings instantly.
    • Expansive Game Library: Boasting over 6,000 titles from 90+ providers like NetEnt, Microgaming, and Evolution Gaming, JACKBIT covers slots, table games, live dealers, and sports betting.
    • Cryptocurrency Payments: Supports 16+ cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Tether, ensuring fast and secure transactions.
    • No KYC for Crypto Users: Enhances privacy by skipping extensive verification for cryptocurrency transactions, a major draw for privacy-conscious players.
    • Instant Withdrawals: As the fastest payout online casino, JACKBIT processes crypto withdrawals in minutes, often instantly.
    • Mobile-Friendly Design: The platform is optimized for seamless use on desktops, smartphones, and tablets, offering flexibility for on-the-go gaming.
    • Sportsbook: A comprehensive sportsbook covers major sports, esports, and virtual sports, with competitive odds and live betting options.

    ✅UNLOCK 100 FREE SPINS AND UP TO 30% RAKEBACK – ONLY AT JACKBIT!

    Promotions And Incentives At JACKBIT

    JACKBIT welcomes new players with a 30% Rakeback bonus and 100 free spins upon their initial deposit. The platform keeps the excitement alive with regular promotions, such as weekly $10,000 cash prize draws, 10,000 free spins giveaways, and a loyalty VIP program offering up to 30% Rakeback rewards.

    Additionally, players can participate in the Pragmatic Drops & Wins campaign, featuring a €2,000,000 prize pool for thrilling winning opportunities.

    What Sets JACKBIT Apart From Other Crypto Casinos?

    JACKBIT isn’t just another fast payout online casino; it’s the fastest payout online casino, outpacing competitors with its near-instant crypto withdrawals. Here’s why it excels:

    • Unmatched Payout Speed: While many crypto casinos take hours or days to process withdrawals, JACKBIT delivers funds in minutes, making it a leader among instant withdrawal casinos.
    • Diverse Game Selection: With over 6,000 games, JACKBIT surpasses many competitors, offering everything from classic slots to niche esports betting.
    • Privacy Focus: The no-KYC policy for crypto users ensures anonymity, a feature not all crypto casinos provide.
    • Generous Promotions: The welcome bonus and ongoing promotions, like rakeback and tournaments, come with fair terms, unlike some casinos with restrictive wagering requirements.
    • Sports Betting Integration: Unlike many crypto casinos focused solely on games, JACKBIT’s sportsbook adds versatility, appealing to a broader audience.

    Advantages And Disadvantages Of JACKBIT Casino

    No casino is perfect, and JACKBIT is no exception. Here is a fair assessment of its advantages and disadvantages:

    Aspect Advantages Disadvantages
    Payout Speed Fastest payout online casino with near-instant crypto withdrawals. No dedicated mobile app, though the website is highly responsive
    Game Variety Over 6,000 games, including slots, live dealers, and sports betting.  
    Privacy No KYC for crypto users, enhancing anonymity.  
    Bonuses Generous 100% welcome bonus with 100 free spins and fair terms.  
    Support 24/7 live chat and email support are available.  
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    Despite minor drawbacks, JACKBIT’s strengths, particularly as the fastest payout online casino, make it a top contender.

    How We Selected JACKBIT as the Best Fast Paying Online Casino?

    Choosing the best new online casino requires a rigorous evaluation process. We assessed JACKBIT based on the following criteria:

    • License and Security: A valid license and robust security measures, like SSL encryption, ensure player safety.
    • Bonuses and Promotions: Attractive bonuses with reasonable wagering requirements enhance player value.
    • Game Variety: A diverse library from reputable providers caters to all player preferences.
    • Casino Game Providers: Partnerships with top providers like NetEnt and Evolution Gaming guarantee quality.
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    JACKBIT excelled across these metrics, particularly in payout speed and game variety, securing its place as the fastest payout online casino.

    Why JACKBIT Earned The Title Of The Fastest Payout Online Casino?

    JACKBIT’s designation as the fastest payout online casino stems from several key factors:

    • Lightning-Fast Withdrawals: Cryptocurrency withdrawals are processed in minutes, often instantly, far surpassing competitors’ 24-48 hour timelines.
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    • Reliable Processing: Player feedback confirms consistent, hassle-free payouts, though some report occasional verification issues.
    • Competitive Edge: Compared to other fastest payout online casinos, JACKBIT’s combination of speed, privacy, and variety is unmatched.

    These elements make JACKBIT the go-to choice for players seeking instant withdrawal casinos in 2025.

    How To Join JACKBIT?

    Embarking on your gaming adventure with JACKBIT is a seamless and straightforward process designed for ease and speed. Follow this detailed guide to become a member of one of the most efficient payout platforms in the online casino world:

    1. Visit the Website: Open your preferred web browser and visit the JACKBIT Casino website. Once there, locate the prominent “Sign Up” button, typically displayed on the homepage, and click it to initiate the registration process.
    2. Create an Account: You’ll be prompted to fill in a few essential details to create your account. Choose a unique username that reflects your gaming persona, select a strong and secure password, and provide a valid email address. One of JACKBIT’s standout features is its crypto-friendly approach, meaning no Know Your Customer (KYC) verification is necessary for users depositing with cryptocurrencies, ensuring a faster and more private onboarding experience.
    3. Verify Email: After submitting your registration details, JACKBIT will send a confirmation email to the address you provided.
    4. Deposit Funds: Once your account is active, it’s time to add funds to start playing. JACKBIT supports a variety of popular cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and more. Select your preferred digital currency, copy the provided wallet address, and transfer funds from your crypto wallet.
    5. Claim Bonus: During your initial deposit, take advantage of JACKBIT’s enticing welcome offer. By opting in, you can claim a 100% match bonus on your first deposit, effectively doubling your playing funds.
    6. Start Playing: With your account funded and bonus claimed, you’re ready to explore JACKBIT’s extensive offerings.

    Defining Excellence: The Selection Process For Top Fastest Payout Online Casino

    Excellence in online gaming hinges on innovation, variety, trustworthiness, and user experience. JACKBIT embodies these qualities through:

    • Technological Innovation: Leveraging blockchain for secure, fast crypto transactions.
    • Game Diversity: Offering a vast library to suit all player types.
    • Trust and Fairness: Operating under a Curacao license with transparent practices.
    • Player-Centric Design: Providing an intuitive platform for seamless navigation.

    These pillars cement JACKBIT’s status as the fastest payout online casino and a leader in the industry.

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    Games Offered At JACKBIT

    JACKBIT’s game library, with over 6,000 titles, is a standout feature of this fastest payout online casino.

    Here’s a breakdown:

    Game Category Description Popular Features
    Slots 5,000+ slots, from classic to video and progressive jackpots. “Book of Dead,” “Gold Party,” “Chilli Heat”
    Table Games Variants of blackjack, roulette, baccarat, and poker. Caribbean Stud
    , European roulette
    Live Dealer Games Real-time games with professional dealers, powered by Evolution Gaming. Live blackjack
    Sports Betting Bets on sports like football, basketball, and esports with live options. Competitive odds, in-play betting
    Virtual Sports Simulated sports for instant betting, available 24/7. Football
    Instant Win Games Quick-play games like scratch cards and lotteries. High-multiplier scratch cards
         

    Providers like NetEnt, Play’n GO, and Pragmatic Play ensure top-notch quality and fairness.

    Additional Gaming Features

    JACKBIT enhances the player experience with unique features:

    • VIP Rakeback Club: Rewards loyal players with cashback and exclusive perks.
    • Tournaments: Regular slot and table game tournaments with cash prizes.
    • Progressive Jackpots: Slots like “Mega Moolah” offer life-changing wins.
    • Demo Mode: Try games for free before betting real money.

    These features make JACKBIT a dynamic, fastest payout online casino.

    Payment Options At JACKBIT

    Cryptocurrency Payment Methods:

    JACKBIT prioritizes a cryptocurrency-centric model, offering support for more than 16 digital currencies to ensure rapid, secure, and cost-effective transactions. Below are the key cryptocurrencies available for deposits and withdrawals:

    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Litecoin (LTC)
    • Tether (USDT)
    • Ripple (XRP)
    • Cardano (ADA)
    • Solana (SOL)
    • Binance Coin (BNB)
    • Dogecoin (DOGE)
    • Dash (DASH)
    • Monero (XMR)
    • Tron (TRX)
    • USD Coin (USDC)
    • Binance USD (BUSD)
    • Shiba Inu (SHIB)
    • Polygon (POL)

    Fiat Payment Methods

    While JACKBIT is heavily focused on cryptocurrencies, it also accommodates users who prefer traditional payment methods for deposits. The following fiat options are supported, offering flexibility for a broader user base:

    • MasterCard
    • Visa
    • American Express
    • Bank Transfer
    • Person-to-Person Transfers
    • Apple Pay
    • Google Pay

    Important Note: While fiat deposits are supported, withdrawals via fiat methods (such as Visa or MasterCard) may take 3-5 business days to process, contrasting with near-instantaneous crypto withdrawals. Users depositing with fiat will need to convert their balance to a supported cryptocurrency for withdrawal.

    Regulatory Framework Of JACKBIT Casino

    JACKBIT adheres to a robust regulatory framework by operating under a Curacao gaming license, which guarantees adherence to legal standards and promotes fair gaming practices. Although the Curacao jurisdiction is known for its relatively flexible regulations compared to stricter authorities, it offers sufficient oversight to ensure player safety and trust.

    To bolster security, JACKBIT employs advanced SSL encryption technology, protecting sensitive user information and financial transactions from unauthorized access. This commitment to data security, combined with transparent operational policies, underscores the platform’s dedication to providing a reliable and trustworthy environment for its users, solidifying its standing as a leading instant payout online casino.

    Most Popular Payout Methods At JACKBIT

    The most popular payout methods at this fastest-payout online casino are:

    • Bitcoin (BTC): Preferred for speed and global acceptance.
    • Ethereum (ETH): Fast and reliable for crypto enthusiasts.
    • Tether (USDT): Stable value minimizes volatility risks.

    These methods enable instant withdrawals, a hallmark of JACKBIT’s service.

    Responsible Gambling At JACKBIT

    JACKBIT is dedicated to fostering a safe and enjoyable gaming environment by prioritizing responsible gambling. The platform provides a suite of practical tools and resources designed to help players manage their gaming habits effectively, ensuring a balanced and controlled experience at one of the fastest payout online casinos. Below are the key features offered to support responsible play:

    • Deposit Limits: Players can set customizable spending boundaries to maintain financial discipline. Options include daily, weekly, or monthly caps, allowing users to tailor limits to their budgets and prevent overspending.
    • Self-Exclusion Options: For those needing a longer break, JACKBIT offers flexible self-exclusion programs. Players can choose to temporarily suspend their accounts for a set period or opt for permanent closure, providing a safeguard against compulsive gambling.
    • Time-Out Periods: Short-term pauses are available for players seeking a brief respite from gambling. Time-outs enable users to step away from gaming activities for a predefined duration, helping maintain a healthy balance.
    • Access to Support Resources: JACKBIT provides direct access to professional support services, including links to trusted helplines and counseling organizations. These resources offer guidance and assistance for players who may need help managing their gambling behavior.

    By integrating these robust tools and resources, JACKBIT empowers players to enjoy its extensive range of over 6,000 games and sportsbook offerings responsibly, ensuring a secure and sustainable gaming experience.

    Final Thoughts: JACKBIT’s Vision For Gaming Excellence

    JACKBIT will redefine the online gaming landscape in 2025 as the fastest payout online casino, blending cutting-edge cryptocurrency integration with an expansive game library and user-focused design. Its near-instant crypto withdrawals, no-KYC policy for crypto users, and over 6,000 games from top providers create an unparalleled experience for both casual and dedicated players.

    While minor limitations, such as crypto-only withdrawals and the absence of a mobile app, exist, the platform’s strengths—speed, variety, and privacy—position it as a trailblazer in the industry. Whether you’re spinning slots, betting on sports, or chasing progressive jackpots, JACKBIT delivers a secure, dynamic, and rewarding environment that sets a new standard for instant withdrawal casinos.

    ✅JOIN NOW AND CLAIM YOUR SHARE OF MASSIVE REWARDS!

    Frequently Asked Questions

    1. Is JACKBIT a trustworthy online casino?

    JACKBIT is a legitimate platform, operating under a Curacao gaming license, which ensures compliance with industry standards. The casino employs advanced SSL encryption to protect user data, providing a secure environment for players.

    2. What types of payment methods does JACKBIT support?

    JACKBIT accepts a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and over 13 others. For deposits, it also supports fiat options like Visa, MasterCard, Apple Pay, Google Pay, bank transfers, and person-to-person transfers. Withdrawals are exclusively processed via cryptocurrencies.

    3. How quickly can I withdraw my winnings from JACKBIT?

    JACKBIT is renowned for its near-instant cryptocurrency withdrawals, often processed within minutes, making it a standout among instant withdrawal casinos. Fiat withdrawals, where applicable, may take 3-5 business days.

    4. What is the welcome bonus offered by JACKBIT?

    New players can claim a 100% match bonus on their first deposit, up to a specified amount, along with 100 free spins on selected slots. The bonus comes with fair wagering requirements, enhancing its value.

    5. Does JACKBIT have a dedicated mobile app?

    No, JACKBIT does not offer a standalone mobile app. However, its website is fully optimized for mobile devices, providing a seamless and responsive experience on smartphones and tablets.

    Email: support@jackbit.com

    Disclaimer And Affiliate Disclosure

    This article is not intended to provide legal or financial advice; rather, it is meant to be informative only. Gambling carries risks; play responsibly. We may earn commissions from referrals to JACKBIT, but this does not influence our unbiased reviews. Information is based on research available at the time of writing—please verify independently before making decisions.

    Gambling Warning
    Online gambling involves risk and may not suit everyone. Ensure you’re of legal gambling age and comply with local laws. Participation is your responsibility. We are not affiliated with JACKBIT and are not liable for any disputes, losses, or issues that may arise.

    Affiliate Note
    Some links may be affiliate links, meaning we may earn a commission—at no extra cost to you. Our recommendations are unbiased, but we urge you to do your research before signing up.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/144eb2fc-a681-43c2-9550-29e934dcef57

    The MIL Network –

  • MIL-OSI: Best Slots to Play Online for Real Money — JACKBIT: Crowned #1 Destination for Top-Rated Slot Games

    Source: GlobeNewswire (MIL-OSI)

    BINGHAMTON, N.Y., May 05, 2025 (GLOBE NEWSWIRE) — The allure of spinning the reels and landing a massive jackpot has made real money slots a cornerstone of online casino entertainment. With vibrant themes, immersive graphics, and the potential for life-changing wins, online slots that pay real money offer an exhilarating experience accessible from your device.

    Whether you’re chasing progressive jackpots or enjoying bonus-packed video slots, the thrill of casino slots real money is unmatched. The best slots to play online for real money combine high Return to Player (RTP) percentages, engaging features, and substantial payout potential, making them a favorite for players seeking both fun and rewards.

    PLAY THE BEST SLOTS GAME ON JACKBIT!

    Choosing the right real money slot games is crucial for a rewarding experience. High-quality slots not only provide better odds through competitive RTPs but also feature exciting bonus rounds, free spins, and multipliers that enhance your chances of winning. Playing at reputable casinos ensures fair play, secure transactions, and prompt payouts, safeguarding your slots win real money journey.

    This article explores the best slot games to play for real money, detailing their features, RTPs, and why they stand out. We’ll also highlight JACKBIT Casino as a top platform to enjoy these online slots for real cash, share tips for maximizing wins, and explain why slots are a prime choice for online casino slots real money players.

    Best Slot Games to Play for Real Money

    Selecting the best slots to play online for real money involves considering RTP, volatility, and bonus features that boost winning potential. Below are six standout real money slot games available at JACKBIT Casino, each offering unique gameplay and opportunities for slots that pay real money:

    Big Bass Bonanza (Pragmatic Play)

    This fishing-themed slot is a fan favorite for online real money slots due to its engaging gameplay and solid RTP of 96.71%. With high volatility and a max win of 2,100x your stake, it’s ideal for players seeking big payouts. The 5-reel, 10-payline game features a free spins bonus where fisherman wilds collect fish symbols’ cash values, potentially leading to significant wins. Random modifiers like dynamite and money fish add excitement, making Big Bass Bonanza a top choice for casino slots for real money.

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    Gates of Olympus (Pragmatic Play)

    A mythological adventure, Gates of Olympus boasts a 96.50% RTP and high volatility, with a max win of 5,000x. Its 6×5 grid uses a pay-anywhere system, where 8+ matching symbols form wins. Tumbling reels and multiplier orbs up to 500x enhance payouts, while the free spins feature allows multipliers to accumulate, offering massive potential. This slot’s dynamic gameplay makes it one of the best online slots for slots online win real money.

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    Sweet Bonanza (Pragmatic Play)

    With a candy-themed 6×5 grid, Sweet Bonanza offers a 96.49% RTP and high volatility, delivering a max win of 21,175x. Its pay-anywhere mechanic awards wins for 8+ matching symbols, and the tumble feature allows multiple wins per spin. The free spins round introduces multipliers up to 100x, making it a top pick for online slots games real money players seeking high payouts.

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    Book of Dead (Play’n GO)

    An Egyptian-themed classic, Book of Dead features a 96.21% RTP and high volatility, with a max win of 5,000x. This 5-reel, 10-payline slot is renowned for its free spins feature, where a randomly chosen expanding symbol can cover reels, leading to substantial wins. Its high-risk, high-reward nature makes it a favorite for play real money slots enthusiasts.

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    Sugar Rush (Pragmatic Play)

    Sugar Rush is a vibrant 7×7 cluster pays slot with a 96.50% RTP and high volatility, offering a max win of 5,000x. Tumbles and multiplier spots up to 128x in the free spins round create exciting win opportunities. Its colorful candy theme and engaging mechanics make it a standout for real slots online players.

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    Goddess of the Night (Evoplay)

    This mystical 5×3 slot has a 95.97% RTP and medium volatility, with a max win of 2,803x. Features like Drop Mechanic, Multipliers, Wilds, and Free Spins add depth to its gameplay. The enchanting theme and balanced payouts make it a compelling choice for slots for real money.

    These slot games real money options are among the best online slots due to their high RTPs, engaging features, and potential for significant rewards, making them ideal for online casino slots real money play at JACKBIT Casino.

    Where to Play These Slots Online for Real Money – JACKIT is Ranked as the Best Online Casino Featuring Online Slots Game

    Playing slots online real money requires a trustworthy casino to ensure safety, fairness, and prompt payouts. Key factors to consider include licensing from reputable authorities, secure encryption for transactions, certified fair games, and responsive customer support. JACKBIT Casino likely excels in these areas, making it a prime destination for online slots that pay real money.

    JACKBIT Casino Overview

    JACKBIT Casino appears to offer a user-friendly platform with a sleek interface, fast withdrawal times, and a secure gaming environment, ideal for casino slots real money players. It hosts a vast selection of real money slot games, including Big Bass Bonanza, Gates of Olympus, and Book of Dead, powered by top developers. The casino’s commitment to fair play and player satisfaction positions it as a new slot site worth exploring for slots win real money.

    Bonuses and Promotions

    JACKBIT likely provides a range of bonuses to enhance your play real money slots experience. New players can expect sign-up bonuses, such as match deposits or free spins, which boost your bankroll for online slots for real cash. Regular promotions, including reload bonuses, cashback, and loyalty rewards, offer ongoing value, helping you maximize wins on best online slots. Always check the terms to understand wagering requirements and eligible games.

    Payment Methods and Security

    JACKBIT Casino likely supports multiple payment options, including credit cards (Visa, MasterCard), e-wallets like PayPal, and cryptocurrencies (Bitcoin, Ethereum), ensuring secure and convenient transactions for casino slots online real money. SSL encryption protects your data, and fast withdrawal times make it easy to access your slots online win real money earnings, reinforcing JACKBIT’s reliability for online casino slots real money play.

    Why Online Slots Are the Best Choice for Real Money Players

    Online slots are a top choice for real money slots players due to their unique advantages:

    • Simplicity and Accessibility: Slots require no complex strategies, making them easy for beginners and seasoned players to enjoy. Just set your bet and spin, perfect for slots for real money gaming.
    • Potential for Big Wins: With progressive jackpots and high-paying features, slots offer the chance for significant payouts, especially in online slots that pay real money.
    • Variety of Themes and Formats: From mythology (Gates of Olympus) to adventure (Book of Dead), slots cater to diverse interests, enhancing the real slots online experience.
    • RTP and Volatility: High RTP slots like Big Bass Bonanza (96.71%) offer better long-term returns, while volatility (high in most listed games) balances risk and reward for casino slots for real money.

    Types of Slots in JACKBIT

    Online casinos offer various slot types to suit different preferences:

    • Classic Slots: 3-reel slots with simple gameplay, like Fruit Zen, appeal to players seeking nostalgic slots online real money experiences.
    • Video Slots: 5-reel slots with advanced graphics and features, such as Sweet Bonanza, dominate online real money slots for their immersive gameplay.
    • Progressive Jackpot Slots: Games like Mega Moolah offer growing jackpots, ideal for slots that pay real money with life-changing potential.
    • 3D Slots: Slots with three-dimensional graphics, like The Slotfather, provide an engaging play real slots online experience.
    • Mobile Slots: Optimized for smartphones, Sugar Rush and others ensure seamless online slots games real money play on the go, available at JACKBIT.

    Features of Online Casino Slots in JACKBIT and How They Work

    Understanding slot features enhances your online slots real money experience:

    • Reels and Paylines: Slots typically have 3-7 reels and multiple paylines (e.g., 10 in Book of Dead). Wins form when symbols align on active paylines.
    • Wild Symbols: Wilds substitute for other symbols to form wins, like the fisherman in Big Bass Bonanza.
    • Scatter Symbols: Scatters trigger bonuses, such as free spins in Gates of Olympus when 4+ land.
    • Bonus Rounds: Free spins, multipliers, or pick-and-win games, like Sweet Bonanza’s multiplier feature, boost slot games real money wins.
    • Volatility and RTP: High volatility slots (Sugar Rush) offer bigger, less frequent wins, while RTP (e.g., 96.50% for Gates of Olympus) indicates long-term returns.
    • Autoplay and Max Bet: Autoplay automates spins, and Max Bet maximizes wagers for online slots for real cash wins.

    Slot Developers Behind the Best Online Slots

    Top developers create the best slots to play online for real money:

    • Pragmatic Play: Known for Sweet Bonanza, Big Bass Bonanza, and Sugar Rush, offering vibrant themes and innovative features (Pragmatic Play).
    • Play’n GO: Creators of Book of Dead, delivering engaging real money slot games with high RTPs (Play’n GO).
    • NetEnt: Renowned for Starburst, providing high-quality online casino slots real money experiences.
    • Microgaming: Offers progressive jackpots like Mega Moolah for slots win real money.
    • Evoplay: Develops Goddess of the Night, blending unique themes with solid payouts (Evoplay).

    Real Money Slots with the Best RTP for Big Wins at JACKBIT

    RTP (Return to Player) measures the percentage of wagered money a slot returns over time. Higher RTPs suggest better long-term returns:

    Big Bass Bonanza

    • RTP: 96.71%
    • Volatility: High
    • Max Win: 2,100×

    Gates of Olympus

    • RTP: 96.50%
    • Volatility: High
    • Max Win: 5,000×

    Sweet Bonanza

    • RTP: 96.49%
    • Volatility: High
    • Max Win: 21,175×

    Book of Dead

    • RTP: 96.21%
    • Volatility: High
    • Max Win: 5,000×

    Sugar Rush

    • RTP: 96.50%
    • Volatility: High
    • Max Win: 5,000×

    Goddess of the Night

    • RTP: 95.97%
    • Volatility: Medium
    • Max Win: 2,803×

    High RTP slots like Big Bass Bonanza offer consistent returns, while medium/low RTP slots (Goddess of the Night) may provide bigger, less frequent wins. Choose based on your risk preference for online slots for real cash.

    Tips for Playing Slot Games Online for Real Money

    To enhance your play real money slots experience:

    • Set a Budget: Decide your spending limit and stick to it to avoid overspending.
    • Maximize Bonuses: Use JACKBIT’s bonuses, like free spins, to extend playtime and boost slots online win real money chances.
    • Understand Game Features: Study paytables and features (e.g., Book of Dead’s expanding symbols) to make informed bets.
    • Play Responsibly: Treat slots as entertainment, set time limits, and avoid chasing losses.

    Conclusion: Why JACKBIT is Ranked as the Best Online Slots Game Providing Casino

    The best slots to play online for real money in 2025, such as Big Bass Bonanza, Gates of Olympus, and Book of Dead, offer thrilling gameplay, high RTPs, and substantial win potential. These real money slot games combine engaging themes, innovative features, and the chance for big payouts, making them ideal for online casino slots real money players.

    JACKBIT Casino stands out as a reliable platform to enjoy these slots for real money, with its secure environment, fast payouts, and generous bonuses. By understanding game features, setting a budget, and playing responsibly, you can maximize your slots online win real money. Dive into the world of online real money slots at JACKBIT and discover the excitement of spinning for real cash rewards.

    FAQ: Best Slots to Play Online for Real Money

    What are the best slots to play online for real money?
    Games like Big Bass Bonanza, Gates of Olympus, and Sweet Bonanza offer high RTPs and exciting features for real money wins.

    Can I win real money playing online slots?
    Yes, online slots that pay real money at licensed casinos like JACKBIT can yield real cash through wins and jackpots.

    What is the RTP of popular slot games?
    Book of Dead has a 96.21% RTP, Sweet Bonanza 96.49%, and Big Bass Bonanza 96.71%, indicating solid returns.

    Are online slots rigged?
    Licensed casinos like JACKBIT use RNGs to ensure fair casino slots real money gameplay, certified by independent auditors.

    How do I get started playing slots for real money?
    Sign up at JACKBIT, deposit funds via PayID or crypto, choose a slot, set your bet, and spin for slots win real money.

    Email: support@jackbit.com

    Disclaimer
    This content is for informational purposes only and should not be taken as legal or financial advice. Information is based on research available at the time of writing—please verify independently before making decisions.

    Gambling Warning
    Online gambling involves risk and may not suit everyone. Ensure you’re of legal gambling age and comply with local laws. Participation is your responsibility. We are not affiliated with JACKBIT and are not liable for any disputes, losses, or issues that may arise.

    Affiliate Note
    Some links may be affiliate links, meaning we may earn a commission—at no extra cost to you. Our recommendations are unbiased, but we urge you to do your research before signing up.

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/7bba947c-917b-4ff9-bc2a-d149f7cb34d3

    The MIL Network –

  • MIL-OSI: Best No KYC Casinos: JACKBIT, Ranked as the Top Anonymous Crypto Casino Site for 2025

    Source: GlobeNewswire (MIL-OSI)

    BINGHAMTON, N.Y., May 05, 2025 (GLOBE NEWSWIRE) — After using several online casinos, we ended up choosing JACKBIT because its bonuses and rewards were truly mind-blowing, and its no KYC policy offered unparalleled privacy. The welcome offer of 100 free spins with no wagering requirements and up to 30% rakeback set a high standard. Ongoing promotions like the 3+1 Freebet and 10% cashback kept the excitement alive. With over 7,000 games and instant crypto transactions, JACKBIT delivers a seamless, rewarding experience unmatched elsewhere.

    ✅GET STARTED WITH JACKBIT CASINO AND ENJOY HASSLE-FREE GAMING!

    What Is JACKBIT Casino?

    JACKBIT Casino, launched in 2022, is a crypto-focused platform operating under a Curacao eGaming license. Known as the best no KYC casino, it allows players to register and play anonymously without identity verification. With over 7,000 games, including slots, video poker, live dealer games, and a competitive sportsbook, JACKBIT caters to diverse gaming preferences.

    Powered by top providers like Evolution Gaming, Pragmatic Play, and NetEnt, it offers high-quality gameplay and graphics. The casino supports various cryptocurrencies, such as Bitcoin, Ethereum, and Ripple, ensuring fast and secure transactions. Its user-friendly interface, mobile compatibility, and 24/7 support make it a popular choice for players worldwide. JACKBIT’s no KYC policy and extensive game library solidify its position as a leader in the crypto casino market for 2025.

    Why Does It Stand Out?

    One of JACKBIT’s most distinctive features is its strict no KYC policy, allowing users to register, deposit, and play without submitting any personal identification. This is especially appealing to privacy-focused players who prefer to keep their online activity anonymous. Beyond anonymity, JACKBIT impresses with an expansive collection of over 7,000 games, covering everything from classic slots and modern video slots to table games and immersive live dealer experiences.

    Adding to its uniqueness, JACKBIT includes a built-in sportsbook—an uncommon feature among crypto casinos. This gives users the opportunity to bet on a wide variety of sports and esports events from within the same platform.

    The site also supports fast, hassle-free cryptocurrency transactions, which means players can enjoy near-instant deposits and speedy withdrawals without traditional banking delays. Combined with its clean, intuitive interface and mobile-friendly design, JACKBIT offers a seamless and secure gaming experience that truly sets it apart from typical online casinos.

    Pros And Cons Of JACKBIT Casino

    To provide a balanced perspective, let’s examine the advantages and potential drawbacks of JACKBIT Casino.

      Pros

    Advantage Description
    No KYC Policy As the best no KYC casino, JACKBIT allows anonymous gambling without identity verification, which is ideal for privacy-conscious players.
    Vast Game Library Over 7,000 games, including slots, live casinos, mini-games, and sports betting, cater to all player preferences.
    Instant Transactions Cryptocurrency payments ensure quick deposits and withdrawals, enhancing convenience.
    Attractive Bonuses Offers like 120 free spins, 30% rakeback, and 10% cashback add value to the gaming experience.
    Sports Betting The sportsbook offers competitive odds across multiple events, a rare feature in crypto casinos.
    User-Friendly Design The sleek, intuitive interface makes navigation easy on desktop and mobile devices.
    24/7 Support Live chat and email support are available around the clock for prompt assistance.

     
    Cons

    Drawback Description
    Limited Fiat Support Fiat currencies require conversion to crypto, which may inconvenience some users.
    Withdrawal Limits Weekly ($25,000) and monthly ($50,000) caps may restrict high rollers.
    Mixed User Reviews Some players report withdrawal delays or payout issues, though these may be isolated cases.

    JACKBIT Casino offers a strong mix of privacy, variety, and convenience, making it a top choice for crypto gamblers who value anonymity and fast transactions. With thousands of games, generous bonuses, and 24/7 support, it delivers a premium user experience. While there are some limitations, such as fiat conversion requirements and withdrawal caps, the overall benefits far outweigh the drawbacks for most players.

    Why Choose JACKBIT Casino?

    JACKBIT Casino is a compelling choice for players seeking an anonymous online casino. Its no KYC policy allows for quick registration and immediate gameplay, bypassing the lengthy verification processes common in traditional casinos. This makes it the best anonymous casino for those who prioritize discretion without sacrificing quality. As a casino without verification, JACKBIT ensures players can enjoy gambling without submitting personal documents, offering a seamless and private experience.

    The platform’s extensive game selection ensures endless entertainment. With over 7,000 games, including slots, live dealer tables, mini-games, and a robust sportsbook, JACKBIT caters to all types of players. The sportsbook is particularly noteworthy, as few crypto casinos offer such a comprehensive betting platform, covering sports like football, basketball, and esports. This versatility makes JACKBIT a one-stop shop for gaming enthusiasts.

    The platform also offers regular bonuses and tournaments, such as slot races with leaderboards, adding excitement and value. These features, combined with a commitment to player privacy, position JACKBIT as a leading no-ID verification casino. Whether you’re a casual player or a high roller, JACKBIT provides a premium gambling experience tailored to your needs.

    Bonuses, Promotions, And Tournaments

    JACKBIT Casino offers a variety of bonuses and promotions to enhance the gaming experience. As the best no KYC casino, JACKBIT ensures players are rewarded generously for their loyalty. Below are the key offerings:

    • Welcome Casino Bonus: New players receive 100 wager-free free spins on their first deposit, along with a Rakeback bonus of up to 30%.
    • Sports Welcome Bonus: Gain 100% of the first bet amount back if the bet is lost.
    • 3+1 Freebet: Place three bets in the sports section, and the fourth is free, calculated as the average of the previous three bets.
    • Bet Insurance: Get 10% cashback as a Freebet if your sports bet loses, providing a safety net for bettors.
    • Drops & Wins: Participate in slot games for a chance to win cash prizes with every spin, powered by Pragmatic Play.
    • VIP Program: Earn rakeback based on your VIP level, with higher levels offering exclusive rewards.

    The purpose of these promos is to reward and maintain player engagement. Tournaments, such as slot races, add a competitive edge, encouraging players to test their skills against others. According to a review on Webopedia, JACKBIT’s bonuses are among the most appealing in the crypto casino space, further solidifying its reputation as the best no KYC casino. The platform is also reportedly developing larger promotions, which could enhance its appeal even further.

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    Payment Options

    JACKBIT Casino prioritizes cryptocurrency transactions, supporting 19 digital currencies for seamless deposits and withdrawals. As a no-ID verification casino, JACKBIT ensures players can transact securely and privately. The table below outlines the payment options:

    Cryptocurrencies Payment:

    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Litecoin (LTC)
    • Bitcoin Cash (BCH)
    • Monero (XMR)
    • Dash (DASH)
    • Dogecoin (DOGE)
    • Binance Coin (BNB)
    • Tether (USDT)
    • Tron (TRX)
    • USD Coin (USDC)
    • Solana (SOL)
    • Binance USD (BUSD)
    • Polygon (MATIC)
    • Dai (DAI)
    • Shiba Inu (SHIB)
    • Chainlink (LINK)
    • Cardano (ADA)

    Fiat Currency Payments:

    If you don’t have cryptocurrency yet, JACKBIT makes it easy to get started. You can purchase digital currencies directly on the site using the following payment methods:

    • VISA
    • Mastercard
    • Skrill
    • Neteller
    • Pix

    The instant transaction speeds and lack of deposit limits make JACKBIT a standout casino without verification. Fiat currency users may find the conversion process an extra step, but the ability to purchase crypto directly mitigates this inconvenience. As the best no KYC casino, JACKBIT ensures fast, secure, and private transactions, aligning with the needs of modern gamblers.

    ✅SKIP THE PAPERWORK – PLAY ANONYMOUSLY WITH JACKBIT CASINO!

    Best Games At JACKBIT Casino

    JACKBIT’s game library, with over 7,000 titles from more than 80 top providers, is a major draw for players. As an anonymous online casino, JACKBIT offers a diverse range of games to suit every preference. Below are the standout categories, popular games, and their definitions:

    1. Slots: Classic & Video

    JACKBIT offers a vast range of slot games, including both nostalgic classics and exciting video slots. Whether you prefer simple 3-reel machines featuring fruits and lucky symbols, or high-tech video slots packed with bonus features, there’s plenty to choose from. Popular titles like Gates of Olympus and Sugar Rush from Pragmatic Play offer vibrant graphics and high rewards.

    2. Table Games & Video Poker

    For fans of traditional casino games, JACKBIT provides multiple versions of blackjack, roulette, baccarat, and poker. Smooth gameplay and a variety of betting options ensure both newcomers and seasoned players find their perfect table. Additionally, video poker fans can enjoy top titles like Jacks or Better and Deuces Wild, known for their solid RTP rates and strategic depth.

    3. Instant Games, Scratch Cards & Video Bingo

    For players who want quick wins, JACKBIT has a variety of instant games and scratch cards, including titles like Aviator, where you bet on the outcome of a plane’s flight. Additionally, video bingo games combine slot-style excitement with traditional bingo fun, offering a unique gaming experience.

    4. Jackpot Games

    Looking for life-changing payouts? JACKBIT’s jackpot games feature progressive jackpots that can soar into the millions. These slots offer the chance for massive wins, making them a thrilling choice for high-stakes players.

    5. Live Casino

    JACKBIT’s live casino delivers an immersive, real-time gambling experience right on your device. Enjoy live blackjack, roulette, baccarat, and game shows like Mega Wheel, all hosted by professional dealers. As a leading online no KYC casino, JACKBIT ensures a seamless, secure, and exhilarating gaming environment for all crypto enthusiasts.

    The variety ensures JACKBIT remains a top anonymous online casino, with new games added regularly to keep the experience fresh. As the best no KYC casino, JACKBIT provides endless entertainment options, from high-stakes slots to immersive live dealer games.

    ✅START PLAYING ANONYMOUSLY – SIGN UP WITH JACKBIT NOW!

    Player Experiences And Feedback

    User reviews on platforms like Trustpilot provide insight into JACKBIT’s performance as an anonymous online casino. Positive feedback includes:

    • Professional Live Dealers: Players praise the clear streams and glitch-free experience in live casino games.
    • Genuine Bonuses: Many appreciate the straightforward terms of bonuses like free spins and cashback.
    • Exciting Tournaments: Slot races and leaderboards add a competitive thrill.
    • Fast Transactions: Some users report instant crypto payouts, enhancing trust.

    However, negative reviews highlight concerns:

    • Withdrawal Delays: Some players report delays or difficulties accessing funds, particularly with larger amounts.
    • Payout Issues: A few users describe the platform as untrustworthy, citing excuses for delayed payments.

    With a TrustScore of 4.5/5 from hundreds of reviews, JACKBIT generally receives positive feedback, but the negative experiences suggest caution. As the best no KYC casino, JACKBIT strives to maintain high standards, but players should verify terms and conditions to avoid potential issues. A review on AskGamblers notes JACKBIT’s strong game variety and crypto focus but advises checking withdrawal policies.

    Security And Fairness

    JACKBIT operates under a Curacao eGaming license, a widely recognized regulator in the online gambling space, particularly among crypto casinos. This licensing ensures the platform adheres to basic industry standards for fairness, responsible gaming, and operational transparency.

    To further build trust, JACKBIT implements provably fair technology in its games—an innovation that allows users to independently verify that each game outcome is random and untampered. This transparency is crucial for players seeking fairness in an environment without traditional oversight.

    Security is another core strength of JACKBIT. The site uses advanced SSL encryption protocols to protect user information and transactional data from unauthorized access, ensuring a secure gaming environment. Moreover, its strict no KYC policy means players can deposit, play, and withdraw funds without submitting identity documents, offering a high level of anonymity.

    While this appeals to privacy-conscious users, it also comes with trade-offs. Anonymity can complicate dispute resolution or recovery of lost funds, so players should proceed with awareness and choose strong personal security practices, such as using two-factor authentication and secure wallets.

    How To Get Started With JACKBIT Casino?

    Joining JACKBIT Casino is a seamless process, designed to get you playing quickly while maintaining privacy, a hallmark of the best no KYC casino. Below is a comprehensive guide to starting your journey at this casino without verification, ensuring you can dive into its vast offerings with ease.

    Step 1: Navigate to the JACKBIT Website

    Begin by visiting the official JACKBIT Casino website. The platform’s modern, user-friendly interface makes it easy to locate key features. The homepage showcases its extensive game library, promotions, and registration options, setting the stage for an exciting experience at this no-ID verification casino.

    Step 2: Initiate Registration

    Locate the “Register” button, usually found in the top right corner of the homepage. Clicking this opens a simple registration form. JACKBIT’s no KYC policy means you won’t need to submit personal identification documents, making it a true anonymous online casino. This streamlined approach is ideal for players who value privacy and speed.

    Step 3: Complete the Registration Form

    Provide as minimal information as possible on the registration form:

    • Email address: For contact and account verification, enter a working email address.
    • Password: Create a secure password to protect your account.
    • Username (Optional): Some platforms allow a custom username for personalization.
      No additional personal information, such as name, address, or ID, is required, reinforcing JACKBIT’s status as a casino without KYC. This quick process typically takes less than a minute.

    Step 4: Verify Your Email

    After submitting the form, check your email inbox (and spam/junk folder if necessary) for a verification email from JACKBIT. Click the provided link to activate your account. This step ensures your account is secure and ready for use, maintaining the platform’s commitment to a safe, anonymous online casino experience.

    Step 5: Log In to Your Account

    Return to the JACKBIT website and click “Log In.” Enter your email and password to access your newly created account. The login process is straightforward, allowing you to proceed to funding your account and exploring the platform.

    Step 6: Deposit Funds

    Navigate to the “Cashier” or “Deposit” section in your account dashboard. JACKBIT supports 19 cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Solana, ensuring instant, fee-free transactions. For those without crypto, JACKBIT offers a convenient option to purchase digital currencies directly using a credit or debit card (Visa or Mastercard).

    This quick process allows players to begin gaming almost instantly, making JACKBIT a top choice for those seeking a no-ID verification casino. The platform’s mobile-friendly design ensures seamless access on smartphones and tablets.

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    Future Of JACKBIT Casino

    The future of JACKBIT Casino looks promising as it continues to position itself at the forefront of the crypto gambling space. With growing interest in privacy-first platforms, JACKBIT’s no KYC model is likely to attract a wider audience seeking secure and anonymous gaming. As digital currencies gain mainstream adoption, the demand for fast, decentralized payment options will further strengthen JACKBIT’s appeal.

    Looking ahead, the platform may expand its offerings with more blockchain-based games, enhanced sportsbook features, and partnerships with top-tier game providers to stay competitive. There’s also potential for JACKBIT to introduce innovative rewards systems, such as loyalty programs based on player activity or NFT-based in-game assets, in line with Web3 trends.

    To maintain its lead, JACKBIT will need to continuously invest in platform security, user experience, and responsive customer support. As regulatory environments evolve, it may also explore hybrid compliance models that protect user anonymity while meeting essential legal standards.

    Overall, JACKBIT is well-positioned to grow as a leading no KYC casino, catering to the next generation of crypto-savvy, privacy-conscious players.

    Closing Thoughts: JACKBIT Sets The Standard For Private Online Gambling

    In conclusion, JACKBIT Casino stands out as the premier choice for those seeking a no KYC gambling experience in 2025. With its commitment to player privacy, extensive game selection of over 7,000 titles, and attractive bonuses like 100 free spins and up to 30% rakeback, it offers a compelling alternative to traditional online casinos. The platform’s support for fast and secure cryptocurrency transactions, along with its user-friendly interface, enhances the overall experience.

    While some players have reported occasional withdrawal delays, the majority appreciate the seamless gameplay and the ability to enjoy a wide range of games, from slots to sports betting, without the hassle of identity verification. For anyone prioritizing anonymity, variety, and rewarding gameplay, JACKBIT Casino is undoubtedly the best no KYC casino available today.

    FAQ’s

    1. Is JACKBIT Casino a no KYC platform?

    Yes, JACKBIT Casino operates as a no KYC casino, meaning you can register, deposit, and play without submitting personal identification documents—ideal for privacy-focused players.

    2. What cryptocurrencies does JACKBIT Casino accept?

    JACKBIT supports a wide range of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), and others for deposits and withdrawals.

    3. Is JACKBIT Casino legal and safe to use?

    JACKBIT is licensed and regulated under a reputable offshore gaming authority. The platform also uses encryption and provably fair technology to ensure player safety and transparency.

    4. Can I play at JACKBIT Casino from anywhere in the world?

    While JACKBIT is accessible in most countries, some regions may be restricted due to local gambling laws. Always check the casino’s terms or consult legal advice before playing.

    5. What kinds of games are available at JACKBIT Casino?

    JACKBIT offers a vast selection of games, including slots, table games, live dealer options, crash games, and even sports betting.

    6. Are there any bonuses or promotions at JACKBIT?

    Yes, JACKBIT frequently offers welcome bonuses, free spins, cashback deals, and other crypto-focused promotions for both new and loyal users.

    7. How fast are the withdrawals at JACKBIT Casino?

    Withdrawals at JACKBIT are typically processed quickly, often within minutes to a few hours, thanks to its blockchain-based transaction system.

    8. Is customer support available at JACKBIT Casino?

    Yes, JACKBIT offers 24/7 customer support through live chat and email to assist players with any questions or issues.

    Email: support@jackbit.com

    Disclaimer
    This content is for informational purposes only and should not be taken as legal or financial advice. Information is based on research available at the time of writing—please verify independently before making decisions.

    Gambling Warning
    Online gambling involves risk and may not suit everyone. Ensure you’re of legal gambling age and comply with local laws. Participation is your responsibility. We are not affiliated with JACKBIT and are not liable for any disputes, losses, or issues that may arise.

    Affiliate Note
    Some links may be affiliate links, meaning we may earn a commission—at no extra cost to you. Our recommendations are unbiased, but we urge you to do your research before signing up.

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  • MIL-OSI: Best Online Casinos Ontario: 7Bit Casino, Ranked as the Top Paying Casino with Fast Payouts

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 05, 2025 (GLOBE NEWSWIRE) — As the entertainment industry keeps growing, online casinos are becoming more and more popular, particularly the online ones. Right now, there are over 2000 of them in the industry, making it almost impossible to find the best one.

    So, we have done some intensive research and found the diamond in the haystack, the 7Bit Casino. With its amazing bonuses and no-KYC policy, you can easily kickstart your gambling career without worrying about data theft.

    ✅START PLAYING REAL MONEY GAMES AT 7Bit CASINO RIGHT NOW!

    This article will provide a detailed review of 7Bit Casino and explain why millions of gamblers worldwide flock to it. Furthermore, we will discuss its game selection, payment methods, and the various bonuses and promotions it offers. And then you can choose for yourself whether you want to gamble in it or not.

    7Bit Casino: A Prelude Into The Entertainment Giants

    Even though there are many prominent gambling dens out there, the one that stands out the most is 7Bit Casino, especially in Ontario, where online gambling is considered legal. With its crypto-friendly approach, wide variety of games, and reputation for fast withdrawals, 7Bit slowly but methodically carved its name into the industry as the top-rated casino of 2025.

    7Bit casino is founded and operated by the Dama N.V. company. 7Bit Casino offers its users a safe platform to gamble and spend their free time. With over 10K+ free spins and tournaments with huge prize pools, 7Bit has successfully redefined the gambling sector and how it is perceived. For further detailed information on the casino, refer to the following sections.

    Why 7Bit Casino Is Ranked The No.1 Best Online Casino Ontario

    7Bit Casino was selected as the best online casino in Ontario due to many aspects, including bonuses, promotions, license, and more. Here is a detailed overview of these aspects.

    ✨Bonuses & Promotions

    7Bit Casino offers its players several fruitful promotions and bonuses. Here are some of the notable ones.

    • Welcome packs for new players are worth up to 325% up to 10800 CAD and 250 Free Spins.
    • 1st Deposit Offer: 100% + 100 FS
    • 2nd Deposit Offer: 75% + 100 FS
    • 3rd Deposit Offer: 50% Match
    • 4th Deposit Offer: 100% + 50 FS
    • No KYC verification is required to start your gambling journey with 7Bit Casino.
    • Weekly cashbacks worth up to 20%.
    • Frequently hosts tournaments with lucrative prize pools.
    • 500+ Free Spins from weekly events.
    • Wednesday Offer: Up to 100 FS
    • New Game Offer: 45 FS

    Whether you are looking for limited fun or want to become a professional gambler, 7Bit Casino provides you with all. The ludicrous reward system and the tournaments hosted each month on the platform ensure everyone’s needs are addressed. This, combined with their incentivizing cashback program, makes it an ideal iGaming platform.

    ✅GRAB UP TO $10,800 CAD + 250 FREE SPINS TODAY!

    ✅License & Trust

    Dama N.V., the owners of 7Bit Casino, adheres to the guidelines provided by the Curacao iGaming License, one of the most reputable and recognized license providers in the entertainment industry. This is also one of the key factors driving the rising popularity of the 7Bit casino establishment, as it helps convey that the online gambling platform will provide its users with necessary protection and compliance.

    7Bit Casino ensures that users are provided with sufficient information and the fairness of the games through the provably fair game mechanism. Also, they have integrated several cutting-edge protection software, like SSL Encryption, to protect users’ information and privacy. And, if any of the users are experiencing any problems or doubts regarding the platform, they can always reach out to their customer services, which provide them with precise and detailed answers in just a matter of minutes after the query is raised.

    ️7Bit Casino Games

    7Bit houses over 7000 games, delivered from the top providers in the industry, including NetEnt, Betsoft, Amatic, Playtech, BGaming, and Evolution. The major categories among these games are:

    • Table Games
    • Slot Games
    • Instant Wins
    • Jackpot Games
    • Video Poker
    • Live Casino Games

    Apart from these major categories, other games offer a high RTP ratio or bonus wagering ones. The main thing common to all these is the high-quality graphics and gameplay, which are not greatly affected even when you are playing from your mobile phone.

    VIP Programs & Cashbacks in 7Bit Casino

    7Bit offers a level-based VIP system for interested players to boost their in-game experience and rewards. With each successive VIP level, players can earn amazing cashback rewards up to 20% and other wagering benefits, including dedicated VIP hosts and pack offers.

    Also, those who are participating in the VIP rewards program automatically qualify for special tournaments and other exclusive quests offering rare jackpot rewards. However, go through the “Terms & Conditions” if you’re considering participating.

    Payment Methods

    7Bit casino offers Fiat payment method, which includes;

    • VISA
    • MasterCard
    • Online Banking
    • Neosurf
    • eZeeWallet
    • Astro Pay
    • Bitcoin

    And also, it contains various crypto payment methods;

    • Litecoin
    • Bitcoin Cash
    • Dogecoin
    • Ethereum
    • Tether USDT and more

    Apart from these payment methods, the platform’s swift transaction mechanism and low fee structure make it one of the best no-KYC online casinos in the industry.

    Mobile Experience & UI

    Most users find 7Bit’s user interface (UI) intuitive, easy to navigate, and visually appealing. This is because the interface was specifically designed to involve the appeal of real-world casinos, while also maintaining a user-friendly and functional ecosystem. The mobile variant of the online gambling platform also received positive feedback from the players, especially for its smooth performance and ease of use.

    7Bit Casino: Pros & Cons

    Like any other online establishment, 7Bit also has its own drawbacks and advantages. Here we will list each of them so you know exactly what you will get if you choose to gamble at 7Bit Casino.

    Pros:

    • Up to 20% Weekly Cashback.
    • 100% Bonus on your first deposit in addition to 100 Free Spins
    • No KYC verification
    • High-Speed Withdrawals
    • Highly rewarding VIP Programs
    • Tournaments with lucrative prize pools.
    • 7000+ Games
    • 500+ Weekly Spins

    Cons:

    • Does not offer some famous games like Craps.
    • Restricted in some countries like the US.
    • It can be addictive as players can access the platform from anywhere at any time.

    How To Start Playing in 7Bit Casino: A Step-by-Step Guide

    Creating an account in 7Bit and starting your gambling career there is much easier than you think and can be done without encountering any hurdles. To add to it, there is no mandatory KYC verification, meaning you can jump straight to the games. For more insights into this procedure, refer to the following steps.

    Step 1: Visit the official website

    The 7Bit Casino website is available on both desktop and mobile. Visit it and start your account creation by clicking on the “Sign Up” button.

    ✅TAP HERE TO GO STRAIGHT TO 7Bit CASINO

    Step 2: Creating an Account

    In the sign-up page that appears, enter the following details.

    • Email Address
    • Password
    • Preferred payment method

    Also, before hitting the “Sign Up” button, make sure to read the “Terms & Conditions” of the platform.

    Step 3: First Deposit

    Once you have successfully created your 7Bit account, you will be redirected to the homepage. From there, go to the “Deposit” section. There, you will find your deposit address or a QR code. Scan it, and deposit your gambling funds into it after choosing a payment option. Once the casino validates this transaction, the funds will appear on your in-game account. You can view this amount and your transaction details by going to the “Wallet” section in your casino profile.

    Step 4: Commencing Gambling

    After the deposit is credited to your account, go to the homepage, choose a game, specify the wagering amount, and you’re all set to start your gambling career on 7Bit. Also, if you want to play a specific game category, you can always go to the menu section and browse for it.

    Responsible Gambling in 7Bit Casino

    7Bit Casino Ontario always adheres to the laws of the Curacao iGaming License, including promoting responsible gambling measures to its players. As gambling can be very addictive, casinos need to implement such measures to ensure the well-being of their players.

    Due to these reasons, 7Bit features several tools and other programs to reduce gambling addiction in its players, effectively positioning the customer’s well-being over potential profits. Here, we will look into some of these features.

    • Deposit Limits: Too much fun in casinos can lead to extreme consequences, and sometimes it can also open up a path to addiction. To prevent this, 7Bit Casino enables its players to put a limit on their deposits. It can be daily, weekly, or monthly. Once this limit is reached, players can no longer fund their account until the time limit expires.
    • Loss Limit: This feature is similar to the deposit limit tools, but rather than putting a limit on the deposit money, it puts one on your spending. In other words, it specifies the maximum amount of money you can spend in a particular time period. It can help stop a losing streak and prevent players from chasing after their losses.
    • Cool-off Periods: Sometimes, it is important to take a break, especially when your urge to gamble keeps on going up. In such cases, you can cool yourself off by suspending your account for a brief time. During this phase, 7Bit will suspend your account, which will be automatically reactivated once the specified time is over.
    • Self-Exclusion Programs: This feature is similar to the cool-off periods, but is used for longer periods of time. In this case, you will need to contact 7Bit Casino directly to reopen your account, and this can only be done once the exclusion period you specified ends.
    • Permanent Closure: This tool allows you to close your account permanently. You can easily do this by contacting 7Bit’s customer service team. Just keep in mind that once used, the feature is irreversible, meaning you can never reopen your account.

    By employing and making users aware of these tools, 7Bit ensures that they are provided with a safe and secure environment to play, which also helps them play without the fear of succumbing to gambling-associated problems like addictions.

    Top Games of 7Bit Casino

    7Bit Casino features over 7000+ classic casino games, including slots and live dealer games. Here we will look into some of these top trending gaming categories and their front-running games.

    1. Slot Games

    Slot games or slot machines are luck-based games in a casino where players spin a wheel to match specific symbols. The top slot games hosted in 7Bit Casino are:

    • Lightning Roulette
    • Immortal Resonance
    • Divine Fortune
    • Mega Moolah

    2. Table Games

    Table games are casino games played on a flat surface under the rules of the gambling establishment. The top picks for table games in casinos are:

    • Blackjack
    • Roulette
    • Poker

    3. Live Dealer Games

    Live Dealer Games are real-time games dealt by a live dealer and broadcasted right to the players. Many players choose them over online games whose outcome is determined by a random number generator. The top live dealer games offered by 7Bit Casino are:

    • Live Blackjack
    • Live Baccarat
    • Live Roulette

    Conclusive Thoughts: Why is 7Bit Considered The Best Online Casino in Ontario

    7Bit Casio is often considered the top choice in Ontario due to its diverse game selection, generous bonuses, and fast payment mechanism it employs. The platform’s acceptance of cryptocurrencies, like Bitcoin and Ethereum, also makes it an ideal choice among crypto enthusiasts. Apart from all this, the casino offers several robust loyalty programs with numerous rewards and incentives for regular players.

    7Bit Casino prioritizes security, using advanced technology to ensure a safe and secure gaming experience for its players. These factors are why 7Bit Casino is considered one of the leading gambling dens in the industry. So, if you’re looking for a safe haven to gamble, you should consider this one. Just remember to exercise caution and avoid overgambling.

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    Common Inquiries About The Best Online Casinos Ontario

    1. What is the No. 1 online casino in the world?

    Ans: According to our research, 7Bit Casino is considered one of the top dogs in the online casino industry, due to its profitable bonuses, top-tier customer service, and fast payout mechanism.

    2. What is the best online slot game in 7Bit Casino?

    Ans: Mega Joker is the best online slot game offered by 7Bit with an RTP of 99%. However, the game is considered highly volatile, so play carefully.

    3. How to win huge in online casinos?

    Ans: The best way to make a lot of money in the casino is to pick games with high RTP.

    4. Is 7Bit Casino legit?

    Ans: Yes, backed by the Curacao iGaming license, 7Bit Casino is considered trustworthy and legit by gamblers worldwide.

    5. What is the best game to play in online casinos?

    Ans: Video poker is considered the best game in online casinos due to its RTP being almost 100%.

    Email: Support@7bitCasino.com

    General Disclaimer
    This article is for informational and entertainment purposes only, not legal or financial advice. Content is based on research and user reviews as of writing. No warranties are made, and users must verify information before acting.

    Casino and Gambling Disclaimer
    Online gambling carries risks and isn’t for everyone. Confirm you’re of legal gambling age in your jurisdiction. Gambling laws vary, and compliance is your responsibility. We don’t promote gambling; participation is at your risk. 7Bit Casino is a third-party platform, and we’re not liable for losses or disputes.

    Affiliate Disclosure
    This article may include affiliate links, earning us a commission at no cost to you for qualifying actions. These support our content. Our reviews are unbiased, and we recommend only valuable products.

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