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Category: Commerce

  • MIL-OSI USA: SBA Relief Available to Missouri Small Businesses, Private Nonprofits and Residents Affected by May Storms

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – In response to a Presidential disaster declaration issued June 9, the U.S. Small Business Administration (SBA)announced the availability of low interest federal disaster loans to Missouri small businesses, private nonprofit (PNP) organizations and residents affected by severe storms, straight-line winds, tornadoes and flooding occurring May 16.

    The disaster declaration covers the Missouri counties of Scott, St. Louis, and the Independent City of St. Louis.

    Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

    Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.

    Applicants may be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include insulating pipes, walls and attics, weather stripping doors and windows, and installing storm windows to help protect property and occupants from future disasters.

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

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

    “One distinct advantage of SBA’s disaster loan program is the opportunity to fund upgrades reducing the risk of future storm damage,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “I encourage businesses and homeowners to work with contractors and mitigation professionals to improve their storm readiness while taking advantage of SBA’s mitigation loans.”

    Interest rates can be as low as 4% for small businesses, 3.62% for PNPs and 2.81% for homeowners and renters with terms up to 30 years. Interest does not begin to 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.

    As soon as Federal-State Disaster Recovery Centers open throughout the affected area, SBA will provide one-on-one assistance to disaster loan applicants. Additional information and details on the location of disaster recovery centers is available by calling the SBA Customer Service Center at (800) 659-2955.

    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.

    ###

    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, 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: Medtronic Announces Voluntary Recall of Select Newport™ HT70 and Newport™ HT70 Plus Ventilators and Certain Related Newport™ Service Parts

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    June 11, 2025
    FDA Publish Date:
    June 11, 2025
    Product Type:
    Medical Devices
    Reason for Announcement:

    Recall Reason Description
    Device & Drug Safety – Potential Defect

    Company Name:
    Medtronic
    Brand Name:

    Brand Name(s)
    Newport™

    Product Description:

    Product Description
    Newport™ HT70 and HT70 Plus ventilators and certain related service parts

    Company Announcement
    Customers are being asked to remove the affected devices from use and replace with an alternate means of ventilation
    June 11, 2025 — In May 2025, Medtronic issued a voluntary recall notification to global customers related to specific Newport™ HT70 and HT70 Plus ventilators and certain related Newport™ service parts. The FDA recently designated this voluntary action by Medtronic as a Class I recall.
    With this recall, Medtronic is advising discontinuation of clinical use of the affected devices. Investigation into customer complaints identified two separate capacitors on one of the ventilator’s controller Printed Circuit Board Assembly (PCBA), that, in case of failure, may result in:

    The ventilator shutting down during use, or
    The shutdown alert alarm failing to sound effectively.

    The following table identifies the item name, manufacture date and use by date:
    No instances of both capacitors failing on the same PCBA board have occurred, nor are they anticipated to occur.
    If a ventilator fails and does not provide adequate ventilation, the patient may not be able to breathe on their own, leading to low oxygen levels, high carbon dioxide levels, and potentially severe consequences like brain injury or death. There have been 63 medical device reports (MDRs) associated with this issue, including two serious injuries and one death. HT70 and HT70 Plus ventilators are intended for use by home users, as well as for infant and pediatric patients who may be at higher risks of injury or death due to unanticipated ventilator failures.
    Customer recommendations
    Customers should remove the affected devices from use and replace with an alternate means of ventilation. Medtronic is not correcting these issues on affected ventilators or service parts and will no longer service affected ventilators identified in this notification. Customers with questions should contact Medtronic Customer Service at 800-962-9888. Adverse events or product quality concerns with this product should be reported to the FDA and Medtronic:

    Refer to the customer notification and the patient letter for additional information.
    The Newport™ HT70 family of ventilators is intended to provide continuous or intermittent positive pressure mechanical ventilatory support for individuals who require mechanical ventilation through invasive or noninvasive interfaces. Specifically, the Newport™ HT70 family of ventilators is applicable for infant, pediatric, and adult patients greater than or equal to 5 kg (11 lbs) in hospital, sub-acute, emergency department, and home care environments as well as for transport and emergency response applications. The Newport™ HT70 operator’s manual can be found here.
    Medtronic will continue working directly with the U.S. Food and Drug Administration (FDA) and other regulatory bodies around the world on this voluntary recall. In February 2024, Medtronic announced its decision to exit its ventilator product lines, including the Newport™ ventilators. The company continues to serve the needs of its customers and their patients worldwide, and honor existing ventilator contracts, as they wind down the business over the coming years.
    Contacts:Helga RadioPublic Relations+1 (612) 270-4999
    Ryan WeispfenningInvestor Relations+1 (763) 505-4626
    Identifying Affected Product  (see image below)

    Company Contact Information

    Consumers:
    Medtronic Customer Service
    800-962-9888

    Media:
    Helga Radio Public Relations
    +1 (612) 270-4999

    Product Photos

    Content current as of:
    06/11/2025

    Regulated Product(s)

    Follow FDA

    MIL OSI USA News –

  • MIL-OSI USA: Klobuchar Raises Concerns on Genetic Data Privacy at Senate Judiciary Hearing On 23andMe

    US Senate News:

    Source: United States Senator for Minnesota Amy Klobuchar
    WATCH KLOBUCHAR’S FULL QUESTIONS HERE
    WASHINGTON – U.S. Senator Amy Klobuchar (D-MN), Ranking Member of the Senate Judiciary Subcommittee on Privacy, Technology, and the Law, raised concerns about what will happen to the genetic data collected by 23andMe following the company’s bankruptcy during a hearing titled “23 and You: The Privacy and National Security Implications of the 23andMe Bankruptcy.” 
     “It is my belief that the privacy policies [of 23andMe] aren’t meeting the privacy needs of consumers during bankruptcy. That’s why I’ve worked with Senator Cornyn. I appreciate his leadership, and Grassley to give consumers control over their genetic data with our bill, Don’t Sell My DNA Act,” said Klobuchar.
    Testifying at the hearing was Joe Selsavage, Interim CEO at 23andMe; I. Glenn Cohen, Professor of Law, Harvard Law School; Brook Gotberg, Professor of Law, BYU Law; Adam Klein, Director, Strauss Center for International Security and Law.  
    A rough transcript of Klobuchar’s questions is available below. Video is available HERE.
    Klobuchar: Thank you. I think I’ll start by following up with Senator Blackburn’s good questions. And by the way, thank you, Mr. Klein, for mentioning the need for a general privacy bill, which we badly need.
    So, on this deletion issue, it’s my understanding that 1.3 million consumers asked 23andMe to delete their genetic data. Many faced technical issues. So, how long is the backlog right now, and what are you doing to make sure all the requests are fulfilled?
    Joseph Selsavage: Senator, the good news is that today, there is no backlog, that we are current on all of the deletion requests. What did occur, you know, is when we filed for bankruptcy. And you know, many state attorneys general requested, or suggested, to consumers that they delete their data at 23andMe. We did receive a significant amount of deletion requests. We quickly added additional staff, and you know, basically were able to reduce that backlog. 
    Klobuchar: Will you commit to ensuring that consumers will retain their right to have their genetic data deleted after the bankruptcy sale is completed, by making deletion rights a condition of the sale?
    Selsavage: Both of the bidders, and you know, the bankruptcy sale of 23andMe, both Regeneron and TTAM Research Institute, have agreed to adopt the policies of 23andMe, the privacy policy.
    Klobuchar: So the answer is yes?
    Selsavage: So, you know the answer is yes. 
    Klobuchar: Okay, during the bankruptcy process, how has 23andMe insured consumers could decide how information is used and for what purposes? That’s what your, that’s what your website has promised consumers.
    Selsavage: Our consumers consent, not only to a terms of service, a privacy policy, there are also separate consents for our customers to, if they so choose, to engage in research at 23andMe. And yet, and then a separate consent to allow us to engage with research with third parties. And you know, we make sure that customers have the right to actually opt in. We don’t default those. Customers are actually clicking ‘yes’ to indicate that they want to conduct or enable their data to be used for research purposes. Many customers understand these are important for understanding disease and genetic conditions, and life-saving medical treatments. 
    Klobuchar: Thank you. Professor Cohen, it’s my belief that the privacy policies aren’t meeting the privacy needs of consumers during bankruptcy. That’s why I’ve worked with Senator Cornyn. I appreciate his leadership, and Grassley to give consumers control over their genetic data with our bill, Don’t Sell My DNA Act. Why is it so important that we require consent from the consumer before their genetic data is sold to another company with which they have no prior relationship? 
    Professor I. Glenn Cohen: People are engaged in a trust relationship. You know, if my father gave me access to his medical records and said, “Son, I want you to look at this and be careful with this.” And I went ahead and said, “Let me give it to somebody else” without asking my dad, you’d look askance at what I was doing. The same thing is happening here. They’re essentially transferring data and transferring a trust relationship to a new entity, and people have the right to know who they’re dealing with and a right to consent to it.
    Klobuchar: Do you believe that the right to control one’s personal genetic information should take precedence over maximizing returns for creditors in a bankruptcy proceeding? 
    Cohen: Well, I think that it would be nice for the creditors to get paid. Senator, in this instance, I think this information is so sensitive and so important, it’s really important to protect people’s information. 
    Klobuchar: Okay, thank you. And Professor Gotberg, do you believe that the current Consumer Privacy Ombudsman system in bankruptcy proceedings is sufficient to protect consumers’ most sensitive information?
    Professor Brook Gotberg: So, the Consumer Privacy Ombudsman is appointed to help the court in weighing the costs and the benefits of any particular sale of assets. If you permit personal consumer data to be sold outside of bankruptcy, it’s permissible inside of bankruptcy as well. And so the Consumer Privacy Ombudsman is just trying to weigh what would be the negative effects of that sale. Without an understanding of the price of privacy, so to speak, that’s a very hard balancing act to perform. To my knowledge, there’s been no final litigation to determine what the damages would be for an individual to have their privacy violated in that way. So it makes it really hard for the Consumer Privacy Ombudsman to have an effective role there. 
    Klobuchar: Okay, and sort of to end where I began with Mr. Klein’s point. Why is it so important that Congress enact a comprehensive privacy law? 
    By the way, the same companies that were lobbying against one, because I’m also on the Commerce Committee, say, 10 years ago, now want one because of the patchwork of laws that we now have in our states. Which is very predictable, which I hope people will realize that we should need some AI rules of the road in place and tech rules of the law in place. And it’s just the worst that people just think they can lobby against things, and then all of a sudden they’re like, “oh no.” So, tell me why we need a privacy law and how that would have helped here.
    Gotberg: So, a greater predictability for companies when they’re entering into agreements with consumers would be, is always beneficial. So if companies know what the legal limitations are, then they can take that into account, and creditors can take that into account whether an asset will be available before lending to the, to the debtor. So it’s important to have that law in place inside and outside bankruptcy.

    MIL OSI USA News –

  • MIL-OSI Economics: Danone Mexico’s advertisements drive wellness and lifestyle integration for consumers, reveals GlobalData

    Source: GlobalData

    Danone Mexico’s advertisements drive wellness and lifestyle integration for consumers, reveals GlobalData

    Posted in Business Fundamentals

    Danone Mexico’s YouTube advertising campaigns from June 2024 to May 2025 focused on promoting health, streamlining utility, and fostering community engagement across its dairy and nutritional product lines. The advertisements depict daily family scenarios and highlight offerings with natural ingredients and reduced sugar to connect with health-aware consumers. The campaigns also emphasize children’s nutrition and well-being, aligning these offerings with healthy lifestyle initiatives. Furthermore, by highlighting functional benefits like digestion support, these products are presented as essential components of a balanced daily routine, reveals Global Ads Platform of GlobalData, a leading data and analytics company.

    Sagar Kishor, Ads Analyst at GlobalData, comments: “Danone’s advertising strategy targets a range of consumer preferences by emphasizing health-oriented products, such as Danone Free. Additionally, it highlights convenience through offerings like Licuado Danone Avena Quaker and Danone Greek yogurt. Additionally, Danone Kids yogurt supports family nutrition, while the campaigns incorporate social impact initiatives, reflecting evolving consumer values and a commitment to community well-being.”

    Below are the key focus areas of Danone Mexico’s advertisements revealed by GlobalData’s Global Ads Platform:

    Ingredient Authenticity: Danone’s advertising campaigns highlight the use of natural fruit and other wholesome ingredients, such as Quaker Oats. This emphasis on visual and descriptive elements is designed to appeal to consumers who prioritize minimally processed options, thereby building trust through transparent communication about ingredients.

    Health & Lifestyle: The campaigns emphasize the inherent nutritional benefits of its product range, targeting consumers who prioritize well-being. Products such as Danone Deslactosado and Danone Free are highlighted not only for their health attributes but also as convenient and time-efficient options, underscoring their seamless integration into the busy daily routines of individuals and families.

    Family Welfare: Danone’s advertising strategy emphasizes the provision of nourishing choices that address family needs, particularly children. Ads for Danone Kids yogurt, for instance, reference the brand’s long-standing contribution to children’s essential nutrient intake, aligning with healthy eating habits and supporting comprehensive development across different life stages.

    Social Impact: Danone incorporates its commitment to social impact within its brand communication. The “Cuando eliges Danone, también eliges ayudar” campaign, prominently featuring products like Danone Free, directly links consumer purchases to supporting children’s cancer treatment. This strategy appeals to consumers’ desire to contribute to philanthropic causes, aiming to reinforce brand affinity through shared social values.

    MIL OSI Economics –

  • MIL-OSI Economics: Liquid Glass shines, but AI shortfalls divide influencers opinion at WWDC 2025, reveals GlobalData

    Source: GlobalData

    Liquid Glass shines, but AI shortfalls divide influencers opinion at WWDC 2025, reveals GlobalData

    Posted in Business Fundamentals

    Apple Inc has introduced iOS 26 and macOS Tahoe 26 with “Liquid Glass” user interface (UI) at the ongoing Worldwide Developer Conference (WWDC) 2025. While some influencers are appreciating the Cupertino-based tech giant for introducing on-device LLMs and AI features like intelligent shortcuts in iOS 26, others feel underwhelmed by the limited AI progress, especially with Siri updates postponed to 2027 and modest ChatGPT integration, reveals the Social Media Analytics Platform of GlobalData, a leading data and analytics company.

    Smitarani Tripathy, Social Media Analyst at GlobalData, comments: “Influencers praised the Liquid Glass UI for its sleek, translucent look, elevating the visual appeal across iPhone, iPad, and Mac. However, the event disappointed with slow AI progress, no major Siri updates (delayed until 2027), and minimal advanced language model integration. The sleek, forward-looking UI captivated many, though some believe the company lags leading AI competitors, while others stay hopeful about its ecosystem’s future possibilities.”

    Below are a few popular influencers opinions captured by GlobalData’s Social Media Analytics Platform:

    1. Bilawal Sidhu, Technologist:

    “Apple WWDC 2025 > What users wanted: Siri that actually works > What users got: “You’ll immediately notice how the playback controls refract the environment. Sidebars and toolbars reflect the depth of your workspace and offer a subtle hint of the content.” I wanted more. But after getting burned for announcing AI vaporware, this WWDC marks a far more conservative Apple…”

    1. Robert Scoble, Founder /CEO of Unaligned:

    “Cynical take on Apple’s WWDC: just doing things Microsoft did back in 2003. Liquid glass. Menus on tablets. Dark take on it: it’s way behind in AI, and didn’t demonstrate any attempt to catch up. Light take: Lots of new AI features, like your phone will wait on hold for you now. Hopeful take: the new design joins Apple Vision Pro into its ecosystem, showing that the Apple Vision Pro is the future of Apple.”

    1. Jacob Jaber, Founder of Humble Lion Holdings:

    “WWDC screams ripeness for form factor innovation. The thing is, no one thinks of next-gen form factor innovation more than Apple, which may signal that the phone is here to stay for some time.”

    1. Kim, AI Technologist:

    “Wow, WWDC was a big disappointment. Hardly worth mentioning. In a nutshell: The UI will be improved, the OS will be fine-tuned a little, and the iPad will become more like a MacBook.AI? A little live translation, a little visual AI – and that’s it. No new Siri (already leaked by Mark Gurman as postponed until 2027), no deeper integration of LLMs such as ChatGPT.”

    1. Dan Ives, Senior Editor at The Verge:

    “Apple played it safe on WWDC as AI strategy was not a focus”

    1. Edward Ludlow, Co-Anchor, Bloomberg Technology:

    “Apple WWDC so far: Design update: Liquid Glass Confirmation: developers soon able to tap in to on-device LLMs. Enhancing software with existing Apple AI tools. Siri features (delayed) to be discussed in “the coming year. $AAPL”

    MIL OSI Economics –

  • MIL-OSI USA: SBA Offers Disaster Relief to Michigan Small Businesses, Private Nonprofits and Residents Affected by March Storms

    Source: United States Small Business Administration

    ATLANTA –The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans for Michigan small businesses, private nonprofits, and residents affected by the severe winter storms occurring March 28-30. The SBA issued a disaster declaration in response to a request received from Gov. Gretchen Whitmer on June 5.

    The declaration covers the counties of Charlevoix, Cheboygan, Emmet, Mackinac, Montmorency, Otsego and Presque Isle.

    Small businesses and private nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

    Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.

    Applicants may also be eligible for a loan increase of up to 20% of their physical damage, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include strengthening structures to protect against high wind damage, upgrading to wind rated garage doors, and installing a safe room or storm shelter to help protect property and occupants from future damage.

    “One distinct advantage of SBA’s disaster loan program is the opportunity to fund upgrades reducing the risk of future storm damage,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “I encourage businesses and homeowners to work with contractors and mitigation professionals to improve their storm readiness while taking advantage of SBA’s mitigation loans.”

    SBA’s EIDL program is available to small businesses, small agricultural cooperatives and private nonprofit (PNP) organizations 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 for working capital needs caused by the disaster and are available even if the business did not suffer any physical damage. They may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    Interest rates are as low as 4% for small businesses, 3.62% for PNPs, and 2.75% for homeowners and renters, with terms up to 30 years. Interest does not begin to 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.

    Beginning Thursday, June 12, SBA customer service representatives will be on hand at the Disaster Loan Outreach Center in Cheboygan County to answer questions about SBA’s disaster loan program, explain the application process and help individuals complete their application. Walk-ins are accepted, but you can schedule an in-person appointment in advance at appointment.sba.gov.

    The DLOC hours of operation are listed below:

    Disaster Loan Outreach Center (DLOC) 
    Cheboygan County

    Indian River Chamber of Commerce

    3435 S Straits Hwy.

    Indian River, MI 49749

    Opening:  Thursday, June 12, 9 a.m. to 5 p.m.

    Hours: Monday – Friday – 8 a.m. to 5 p.m.

    Saturday – 10 a.m. to 2 p.m.

    Closed: Sunday

    Permanently Closing: July 10 at 4 p.m.

    Disaster survivors should not wait to settle with their insurance company before applying for a disaster loan. If a survivor does not know how much of their loss will be covered by insurance or other sources, SBA can make a low-interest disaster loan for the total loss up to its loan limits, provided the borrower agrees to use insurance proceeds to reduce or repay the loan.

    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 filing deadline to return applications for physical property damage is Aug. 8, 2025. The deadline to return economic injury applications is Mar. 9, 2026.

    ###

    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: SBA Offers Relief to Missouri Private Nonprofits Affected by May Storms

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to private nonprofit (PNP) organizations in Missouri affected by severe storms, straight-line winds, tornadoes and flooding occurring May 16.

    The disaster declaration covers the Missouri counties of Scott, St. Louis, and the Independent City of St. Louis.

    Under this declaration, PNPs providing non-critical services of a governmental nature impacted by physical damages or financial losses directly related to the disaster are eligible to apply for both business physical damage loans and Economic Injury Disaster Loans (EIDLs) from the SBA. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.

    PNPs may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. Applicants may also be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes.

    EIDLs are for working capital needs caused by the disaster and are available even if the 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.

    “SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    Interest rates are as low 3.62% for PNPs with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA will set loan amounts and terms based on each applicant’s financial condition.

    The SBA encourages applicants to submit their loan applications promptly. Applications will be prioritized in the order they are received, and the SBA remains committed to processing them as efficiently as possible.

    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 physical damage applications is Aug. 11, 2025. The deadline to return economic injury applications is March 9, 2026.

    ###

    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, 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: Griffith Statement on EPA Proposed Rollbacks of Power Plant Rules

    Source: United States House of Representatives – Congressman Morgan Griffith (R-VA)

    Environmental Protection Agency (EPA) Administrator Lee Zeldin announced proposed repeals of “greenhouse gas” emissions standards for the power sector under Section 111 of the Clean Air Act and amendments to the 2024 Mercury and Air Toxic Standards. House Committee on Energy and Commerce Environment Subcommittee Chair and U.S. Congressman Morgan Griffith (R-VA) issued the following statement:

    “The Trump Administration continues to fight for American coal and American energy! Administrator Zeldin’s actions help kickstart the unraveling of the Obama-Biden-Harris ‘War on Coal’ and continue our drive to a return of American energy dominance.

    “These actions give communities like mine in Appalachia hope. We will continue to support federal developments that aim to reinvigorate coal communities and lower energy costs for American families.

    “Affordable energy equals vibrant national economic health.”

    BACKGROUND

    In the 118th Congress, Rep. Griffith chaired the House Committee on Energy and Commerce Subcommittee on Oversight & Investigations.

    In the 119th Congress, Congressman Griffith is serving his first term as chairman of the House Committee on Energy and Commerce Subcommittee on Environment.

    The Environment Subcommittee’s first two hearings of the year focused on the EPA’s regulation of chemical manufacturing and the administration of the Brownfields Program.

    Later, Congressman Griffith welcomed Administrator Zeldin for a subcommittee hearing on EPA’s FY26 budget request.

    This week, Congressman Griffith held a hearing that examined the impacts of the Clean Air Act.

    While these rules are not finalized, the EPA estimates that repeal of the power plant rules would save $19 billion in regulatory costs over two decades beginning in 2026. 

    Congressman Griffith’s Congressional Review Act (CRA) resolution to repeal a last-minute Biden-Harris regulation on tire manufacturers passed Congress this year. In May, President Trump signed the resolution into law.

    Congressman Griffith helped lead an effort on the House floor to pass CRAs that overturned California’s Clean Air Act waivers.

    Congressman Griffith’s bill H.R. 3632, the Power Plant Reliability Act of 2025, which would help keep baseload power plants online, was favorably reported by the Energy Subcommittee last week.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Abbott, Texas Groups Endorse Cornyn-Led Push to Bring Space Shuttle Discovery to Houston

    US Senate News:

    Source: United States Senator for Texas John Cornyn
    Cornyn Announces Support for His Bring the Space Shuttle Home Act                                                                           
    U.S. Senator John Cornyn (R-TX)’s Bring the Space Shuttle Home Act, which would move the Space Shuttle Discovery from Virginia to its rightful home near the National Aeronautics and Space Administration’s (NASA) Johnson Space Center (JSC) in Houston, has earned praise from Texas Governor Greg Abbott and space-related groups in the Houston area as the Senator works to include it in the Senate’s reconciliation legislation:
    “There is no better final home for Space Shuttle Discovery than JSC, where these explorers of tomorrow can learn from and be inspired by the incredible legacy of those who changed the history of the world in Houston, where giant leaps in human spaceflight started,” said Gov. Abbott. (Letter, 6/6/2025)
    “Exhibiting the Space Shuttle Discovery in Houston would significantly enhance educational opportunities and support the growth of our space economy, here in the home of human space flight. With 280 acres at Exploration Park dedicated to commercial space companies, the nearby Ellington Field Space Port, and the Texas Space Commission actively investing in the space economy, Discovery would play a crucial role in advancing our future prospects,” said Space Center Houston President & CEO William T. Harris. (Letter, 6/9/2025)
    “Despite its central role in the Shuttle program, Houston was not selected to receive an orbiter following retirement. Your bill offers an opportunity to correct that oversight and deliver a fitting and permanent home for the Shuttle in the place where so much of its story was written and where it will inspire the next generation of explorers,” said Bay Area Houston Economic Partnership President Brian Freedman. (Letter, 6/9/2025)
    Background:
    The Bring the Space Shuttle Home Act, introduced by Sen. Cornyn and cosponsored by Sen. Cruz in April, would move the Space Shuttle Discovery from Virginia to its rightful home near NASA’s JSC in Houston.
    Mission Control at NASA’s Johnson Space Center led all of the space shuttle flights throughout the program’s history, and the astronauts who flew aboard the shuttles lived and trained in the area Houston. Four space shuttles were retired from NASA in 2010, and one of them was expected to go on display in the Space City. Congress stated in the NASA Authorization Act of 2010 that the four space shuttles were to be given to states with a “historical relationship with either the launch, flight operations, or processing of the Space Shuttle orbiters or the retrieval of NASA-manned space vehicles, or significant contributions to human space flight.” Unfortunately, this directive was unlawfully ignored by the Obama administration, who played politics to keep Houston from getting one of the shuttles. Notably, the administration gave one of the four shuttles to New York City, which has not made any major contributions to the nation’s history of space exploration and is not home to a NASA center—unlike Houston. The Space Shuttle Discovery is the only shuttle still owned by the federal government and able to be transferred to Houston. This legislation would authorize the movement of the Space Shuttle Discovery from the Smithsonian’s National Air and Space Museum’s Steven F. Udvar-Hazy Center in Virginia to a nonprofit near the JSC in Houston.
    Last week, provisions led by Sen. Cornyn, including the Mission to Modernize Astronautic Resources (MARS) for Space Act, as well as funding for National Aeronautics and Space Administration’s (NASA) Artemis program and resources to support the International Space Station (ISS) were included in the Senate Committee on Commerce, Science and Transportation’s legislative text to be included in the Senate version of the One Big Beautiful Bill Act. Sen. Cornyn continues to advocate for funding for NASA’s JSC and other space-related initiatives.

    MIL OSI USA News –

  • MIL-OSI USA: Kennedy to HHS: Fight foreign shrimp imports that hurt Louisiana and threaten Americans’ health

    US Senate News:

    Source: United States Senator John Kennedy (Louisiana)
    WASHINGTON – Sen. John Kennedy (R-La.) today sent a letter to Secretary of Health and Human Services (HHS) Robert F. Kennedy Jr. urging his department to work with its partners to prevent unsafe foreign shrimp from reaching American consumers.
    While U.S. shrimp manufacturers comply with bans on antibiotic use and numerous environmental regulations, not all shrimp producers in countries like India, Ecuador, Indonesia and Vietnam abide by the same standards. A recent decline in transparency among members of the foreign shrimp industry has raised further concerns.
    “I write to express my concern regarding the ongoing public health risk posed by the importation of farmed shrimp into the United States. In 2021, the United States imported approximately 1.9 billion pounds of shrimp, accounting for over 90% of the nation’s consumption,” Kennedy began the letter.
    “A growing body of academic research and investigative reporting indicate that imported shrimp frequently contain illicit antibiotics and harbor antimicrobial-resistant bacteria. One of the most prevalent risks associated with warm-water shrimp aquaculture is antibiotic use, which poses significant health threats related to potential parasitic infection along with disease outbreaks,” the senator explained.
    “Fortunately, President Trump is taking action. On April 17, 2025, President Trump issued an Executive Order titled Restoring American Seafood Competitiveness, which strengthens the domestic seafood industry and addresses the need to eliminate unsafe imports, promote ethical seafood sourcing, and level the playing field for domestic seafood producers,” Kennedy added. 
    “In light of the President’s executive order and the ongoing health risks posed by imported seafood, I urge the Department of Health and Human Services to collaborate with the U.S. Trade Representative, U.S. Customs and Border Protection, and other relevant agencies to strengthen inspection capabilities and stop this harmful seafood from being sold domestically,” he wrote.
    Background: 
    In Dec. 2023, Kennedy introduced a bill to bolster the Seafood Import Monitoring Program’s ability to audit foreign seafood imports that its producers misrepresent. Senate Democrats blocked Kennedy’s bill.
    In May 2024, Kennedy questioned then-Secretary of Commerce Gina Raimondo on safety risks associated with imported shrimp and crawfish, drawing attention to foreign countries that subsidize their seafood industries and engage in false advertising.
    The full letter is available here.

    MIL OSI USA News –

  • MIL-OSI USA: SCHUMER SAYS: HANDS OFF UPSTATE NY’S JOB CORPS CENTERS; FOLLOWING TRUMP ORDER TO SHUT DOWN JOB CORPS, ELIMINATING 550+ UPSTATE NY JOBS & CUTTING JOB TRAINING FOR THOUSANDS OF NEW YORKERS, SENATOR…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer
    Job Corps Provides Residential Workforce Training To Thousands of Students Across America & NY – Located In Albany, Sullivan, Orleans, Otsego & Chautauqua Counties – Helping Underserved Workers Get The Skills They Need To Start Careers In Healthcare, Construction, Tech, And Other Fields With Worker Shortages
    Schumer Says Rash, Potentially Illegal Move By Trump Admin Is Gut Punch To Upstate NY’s Worker-Starved Businesses From Albany To Western NY That Rely On Job Corps To Find Skilled Workers; Demands NY Republicans Stand Up To Trump And Join Him In Pushing To Reverse These Counterproductive Cuts That Hurt Small Businesses & Workers In Their Backyards
    Schumer: Eliminating Job Corps Hurts Workers, Businesses, And Upstate NY Economy
    With the Trump administration attempting to eliminate Job Corps, one of the nation’s largest workforce training programs with 5 centers across Upstate NY, U.S. Senator Chuck Schumer demanded the Trump administration stop their cruel, potentially illegal, attempts to decimate Job Corps, eliminating over 550 jobs across Upstate NY and canceling training to help students across America, including thousands in New York, get the skills they need to enter in-demand careers. Schumer said Upstate NY’s Job Corps centers – in Albany, Sullivan, Orleans, Otsego, and Chautauqua Counties – are essential for local small businesses and other employers that rely on Job Corps for a pipeline of new skilled workers to fill jobs.
    Schumer said the Trump administration is not only attempting to shut down Job Corps centers by June 30th, but in the recently released Presidential “skinny” budget request, Trump said he wants to totally zero out funding for the program. Schumer is leading efforts in the Senate to oppose these destructive and potentially illegal actions like pausing existing funds for the Job Corps centers by the Trump Administration to end this valuable program to train Upstate NY workers, and is demanding the GOP, especially NY House Republicans, many of whom have districts that rely on Job Corps, to stand with their constituents in fighting to save Job Corps by pushing the Trump administration to reverse course on these damaging policies.  
    “Across Upstate NY the Trump administration’s cruel order to shut down Job Corps centers has caused students and teachers to scramble, and if this goes through, it will be our small businesses and local economies paying the price. Job Corps is one of the best bang for your buck programs we have, one of America’s largest workforce training programs with thousands upon thousands of success stories putting young people into good-paying careers and helping employers grow with new, skilled workers. Job Corps is where New Yorkers go to get the skills they need to start their career in healthcare, construction, and other in demand fields, but right now, Trump wants to close the doors and kick all these young workers out on the street,” said Senator Schumer. “It’s cruel, it’s outrageous, and potentially illegal to stop the flow of funding under existing contracts from a program that is authorized and funded by Congress. We must save Job Corps across Upstate NY. We want to help young people get jobs, to get the training they need for successful careers, and eliminating these centers will hurt those students as well as local employers like small businesses and hospitals in getting the skilled workers they need. The courts have already put a pause on Trump’s initial attempts to kill Job Corps, and I will vehemently oppose his attempts to defund this program in the Senate because the people are on our side in saving Job Corps.”
    Last month, Trump paused operations at Job Corps centers nationwide sparking widespread outcry. Schumer explained this would kick more than a thousand young New Yorkers out of training programs and potentially to the curb, create mass layoffs of hundreds of workers at Job Corps centers in every corner of the state and hurt local businesses and other employers in need of skilled workers. Since then, a federal judge has temporarily blocked the pause, but Job Corps employees and students are being left in the lurch and are being forced to scramble as they do not know what the future holds as a final ruling in the court case is pending and the Trump administration continues its attacks on the program. In addition, Trump’s FY2026 budget proposal would completely eliminate funding for Job Corps centers, effectively killing the program.
    The Trump administration’s destructive actions would close Job Corps centers in every corner of New York, which train thousands of young New Yorkers every year. Schumer specifically highlighted how:
    In the Capital Region, the Glenmont Job Corps Center provides training to hundreds of students every year in fields encompassing construction, solar, culinary, automotive, security, and healthcare. The center employs 125 workers in the local area and has an estimated local community impact of $24.6 million annually.
    In the Hudson Valley, the Delaware Job Corps Center provides training for hundreds of students in fields encompassing construction, security, healthcare, and culinary. The center employs 101 workers in the local area and has an estimated local community economic impact of $18.1 million annually. The center also provides construction for community-based projects throughout the region via work-based learning agreements.
    In the Rochester-Finger Lakes Region, the Iroquois Job Center provides training to over 200 students in fields such as brick masonry, carpentry, electrical work, commercial painting, and healthcare. The center employs approximately 104 staff and injects over $8.9 million in federal funding into the local economy every year.
    In the Southern Tier, the Oneonta Job Corps is currently providing training hundreds of students and employs approximately 130 staff dedicated to helping students succeed.  Attracting students from all across the country, the center prepares students for careers in auto trades, healthcare, and pre-apprenticeship union trades in electrical, tile, and cement masonry. Oneonta’s Smart Grid Advanced Training for Electrical program helps students develop the skills they need to work on overhead lines, underground residential distributions, and smart meter logic controllers. In partnership with Mohawk Valley Community College, the center is training the next generation of drone operators through their Unmanned Aircraft Systems Operator program.
    In Western New York, the Cassadaga Job Corps provides training in fields such as healthcare, carpentry, and plumbing. The center employs approximately 100 workers in the local area.
    Schumer added, “Many of NY GOP districts rely on workers trained at Upstate NY’s Job Corps centers. That is why I’m calling on NY House Republicans to immediately reverse the proposed cuts in Trump’s budget request and push the Trump administration to stop its destructive pause of current funding to Job Corps that would devastate communities in their backyard.”
    For more than 60 years, Job Corps centers have helped millions of young people ages 16 to 24 finish high school, learn technical skills, and get jobs in in-demand fields such as healthcare and construction. Low-income and at-risk young people have received stable housing and health care while developing the skills they need to get good-paying jobs after graduation. Schumer is fighting to keep these centers open to preserve this pipeline for thousands of New Yorkers.
    Schumer recently sent a letter with 39 of his colleagues in the Senate calling on U.S. Department of Labor Secretary Lori Chavez-DeRemer to protect Job Corps and demanding answers on these destructive efforts. A copy of the letter sent by Senator Schumer and his colleagues can be found HERE.
    “At Glenmont Job Corps, we see firsthand how powerful this program is. It gives young people the tools, support, and confidence they need to rewrite their stories and build a better future. These aren’t just students—they’re future workers, leaders, and contributors to our communities. If Job Corps is taken away, the loss won’t just be felt by the students—it’ll be felt in our neighborhoods, our workforce, and our local economy. We could see more young people left without direction, and that creates real challenges for everyone. This program works—and it’s worth fighting for. I’m incredibly grateful to Senator Schumer for standing with us and with every young person who deserves a chance to succeed,” said Tracy Battle, Center Director, Glenmont Job Corps.
    “For 60 years, the Iroquois Job Corps Center has trained hundreds of young adults annually to become the electricians, carpenters, medical assistants and more that our community needs,” said Lynne Johnson, Chairman of the Orleans County Legislature.  “The Center is also a vital employer, with 104 local workers, and has infused over 8.9 million-dollars in federal funding into our region’s economy. Stopping student enrollments and threatening to close the Iroquois Job Corps Center not only risks the futures of over 12,000 students but also the workforce that drives our region’s economic growth.  I’m proud to stand with Senator Schumer in calling for Job Corps student enrollments to resume immediately and keeping the Iroquois Job Corps Center open, so we can continue building a stronger, more prosperous community.”
    “I’ve worked at the Cassadaga Job Corps Center for 15 years. I’ve seen thousands of young people transform their lives here—earning diplomas, learning trades, and gaining real-world experience that benefits both them and our local community,” said Cassadaga Guardians of the Hill President Jake Brock. “Closing our center would take away critical opportunities from students and eliminate over 100 jobs in a rural area with few alternatives. We’re deeply grateful to Senator Schumer for his support in keeping Job Corps strong for future generations.”
    “The Delaware Valley Job Corps Center in Callicoon has been a valuable part of our community for nearly half a century, and any closure – even temporarily – will have devastating results in and around Sullivan County. Local young adults benefit from the skills training that the Center provides, and many of the over 100 employees live and shop in Sullivan County. We certainly will be harmed, economically and educationally, should that facility be shuttered,” said Sullivan County Manager Joshua A. Potosek.
    “The Delaware Valley Job Corps program has been a cornerstone of our community for nearly 50 years. By providing stable employment opportunities to local residents, it has made a meaningful contribution to the economic well-being of our region. Just as importantly, it has given our community the opportunity to positively impact the lives of thousands of young people, offering them the support, skills, and direction needed to build brighter futures. I am deeply concerned about the potential loss of these jobs and the far-reaching effects this would have on our local families and economy. The decision to shut down or scale back this program is short-sighted and overlooks the long-term value it provides—not only to the individuals it serves but to our entire community. I strongly urge that this decision be reversed and that full support be restored to the Delaware Valley Job Corps program,” said Sullivan County Legislator Catherine Scott.
    “The loss of the Oneonta Job Corps Academy would have a severe impact on our economy, our infrastructure, the capacity of our community services, and the quality of life in the City,” said Mark Drnek, Mayor of the City of Oneonta. “But beyond that, the closure of the Job Corps program, would be the retraction of a helping hand, and of the opportunity for hundreds of young men and women to pull themselves from poverty and place themselves on the very ladder of success that is the American Dream, in many cases providing precedent and role modeling to family, friends, and neighborhoods.”
    “Job corps gave me the opportunity to get my basic needs met (food, water, shelter and a stable environment), while giving me the opportunity to work on myself and the trajectory of my career. I would not be where I am today, without job corps,” said Cassadaga Job Corps Graduate Arlene Tariq.

    MIL OSI USA News –

  • MIL-OSI: Currency Exchange International Reports Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 11, 2025 (GLOBE NEWSWIRE) — Currency Exchange International, Corp. (the “Group” or “CXI”) (TSX: CXI; OTCQX: CURN), today reported net income of $1.98 million for the second quarter of 2025, 291% higher than the prior year (all figures are in U.S. dollars except where otherwise indicated). This 2025 reported net income reflected $2.7 million net income from continuing operations and a net loss of $0.7 million from Exchange Bank of Canada, the Company’s Canadian subsidiary which was classified as discontinued operations effective the second quarter of 2025. These results include restructuring charges of $0.2 million, pre-tax, related to discontinued operations in Canada and certain one-time charges of $0.1 million, pre-tax. Excluding these items, the Group’s adjusted net income1 increased by 18% compared to the prior year and adjusted diluted earnings per share1 (“EPS”) was 24% higher than the prior year. The completed condensed interim consolidated financial statements and management’s discussion and analysis (“MD&A”) can be found on the Group’s SEDAR profile at www.sedarplus.ca.

    Q2, 2025
    Reported Results    		 EBITDA $4.9 million
    Up 10% YoY    		 Net Income $1.98 million
    Up 291% YoY    		 Diluted EPS $0.31
    Up 288% YoY    		 Annualized ROE 5%
    Down 50% YoY
    Q2, 2025
    Adjusted Results1    		 EBITDA1$5.1 million
    Up 15% YoY    		 Net Income1$2.3 million
    Up 18% YoY    		 Diluted EPS1$0.36
    Up 24% YoY    		 Annualized ROE112%
    Flat YoY

    Below is a reconciliation of reported results to adjusted results based on non-recurring items:

      Three-month
    period ended
    April 30, 2025    		 Three-month
    period ended
    April 30, 2024    		 Six-month
    period ended
    April 30, 2025    		 Six-month
    period ended
    April 30, 2024
    Reported results $ $ $ $
    EBITDA 4,901,810 4,470,061 8,755,560 7,755,158
    Group net income 1,983,025 506,522 2,795,555 1,356,397
    Pre-tax adjusting items        
    Specified item: Restructuring charges 229,404 – 229,404 –
    Specified item: Advisory costs* 145,452 – 425,513 –
    Specified item: Deferred tax assets reversal* – 1,427,600 – 1,429,850 
    Total pre-tax adjusting items 374,856 1,427,600 654,917 1,429,850 
    Impact of income tax (72,073) – (80,647) –
    Adjusted results**        
    EBITDA 5,131,214 4,470,061 8,984,964 7,755,158
    Group net income 2,285,808 1,934,122 3,369,825 2,786,247
    Group Diluted earnings per share        
    Reported 0.31 0.08 0.44 0.21
    Adjusted** 0.36 0.29 0.53 0.42

    *These adjustments are reported within the results from discontinued operations.

    **These are non-GAAP financial measures and ratios. For further details, refer to the key performance and non-GAAP financial measures section below.

    Total revenue was 3% lower than the prior year due to a decline in consumer demand for foreign currency as travel activity tapered during the current quarter. Although revenue declined, the Company’s net income for the second quarter rose compared to the same quarter last year, primarily due to the favorable impact of a weaker U.S. Dollar on the revaluation of foreign currency banknote holdings. The Group’s capital position remained robust, and liquidity was strong with $81.2 million in total equity and $60.4 million in net working capital as of April 30, 2025 ($79.4 million and $55.9 million as of October 31, 2024, respectively). All reported amounts are based on the Group’s condensed interim consolidated financial statements presented in compliance with International Accounting Standard 34 Interim Financial reporting, unless otherwise noted.

    On February 18, 2025, the Group announced its decision to cease the operations of its wholly owned subsidiary, Exchange Bank of Canada. This strategic decision and operational plan for restructuring were communicated to all staff of EBC on February 19, 2025. Following the cessation of operations, the Bank intends to apply to the Minister of Finance in Canada to discontinue from the Bank Act. The application to discontinue is expected to be made in the fourth quarter of 2025, with the actual discontinuance of the Bank being subject to receipt of all necessary regulatory approvals. Following the Group’s decision, management has commenced implementation of the restructuring and planned discontinuance of the Bank. Management anticipates that certain operating expenses and personnel costs, that are currently shared with EBC, will be 100% borne by the continuing operations of CXI, subsequent to the exit of EBC from Canada, and the current annualized estimate of these costs is approximately $3 million after tax. In the second quarter of 2025, Exchange Bank of Canada was classified as a discontinued operation in the Group’s condensed interim consolidated financial statements.

    On May 20, 2025, CXI upgraded its U.S. securities listing with the Company’s shares commencing trading on the OTCQX Best Market under the symbol CURN.

    Randolph Pinna, CEO of the Group, stated, “The second quarter showed continued growth in the payments business, while with the current political and economic uncertainties, international travel activity to and from the United States decreased banknote revenues. CXI’s diversified business model in the United States allows for continued new client growth in the payments business complemented by successful multi-channel banknotes offerings for both our U.S. Financial Institutions in branch or online as well as the Direct-to-Consumer customer offerings through online, agent and physical branch locations. CXI’s management team and I remain committed to executing CXI’s strategic plan which is focused on revenue and earnings growth as well as the return on capital and creating value for our shareholders resulting from providing leading FX technology and transaction processing solutions”.

    Financial Highlights for the three-month periods ended April 30, 2025 and 2024:

    • Revenue decreased by 3% or $0.5 million to $15.9 million compared to $16.4 million. Banknotes revenue decreased by 5% or $0.6 million over the prior period while Payments revenue increased by 5% or $0.1 million;
    • Reported EBITDA increased by 10% or $0.4 million to $4.9 million from $4.5 million. Adjusted EBITDA2 was $5.1 million, 15% higher than the prior period;
    • Reported Group net income was $1.98 million, a 291% increase compared to the prior period. Adjusted Group net income2 increased 18% or $0.4 million to $2.3 million from $1.9 million in the prior period;
    • Reported earnings per share were $0.32 and $0.31 on a basic and fully diluted basis, respectively, compared to the prior year’s reported earnings per share of $0.08 on both a basic and fully diluted basis. Adjusted earnings per share2 were $0.37 and $0.36 on a basic and fully diluted basis, respectively, compared to the prior year’s adjusted earnings per share of $0.30 and $0.29; and
    • The Group maintained a strong financial position, with net working capital of $60.4 million and total equity of $81.2 million as of April 30, 2025.

    Financial Highlights for the six-month periods ended April 30, 2025 and 2024:

    • Revenue increased by 3% or $0.8 million to $31.3 million compared to $30.5 million. Payments revenue increased by 11% or $0.5 million and Banknotes revenue increased by 1% or $0.3 million over the prior period;
    • Reported EBITDA increased by 13% or $1.0 million to $8.8 million from $7.8 million. Adjusted EBITDA3 was $9.0 million, 16% higher than the prior period;
    • Reported Group net income was $2.8 million, a 106% increase compared to the prior period. Adjusted Group net income3 increased 21% or $0.6 million to $3.4 million from $2.8 million in the prior period; and
    • Reported earnings per share were $0.45 and $0.44 on a basic and fully diluted basis, respectively, compared to the prior year’s reported earnings per share of $0.21 on both a basic and fully diluted basis. Adjusted earnings per share3 $0.54 and $0.53 on a basic and fully diluted basis, respectively, compared to the prior year’s adjusted earnings per share of $0.44 and $0.42.

    Corporate Highlights for the three-month period ended April 30, 2025:

    • The Group continued its growth in the direct-to-consumer market through its network of company-owned branch locations, agent relationships, and in the majority of states where it operates its OnlineFX platform. During the second quarter of 2025, the Group added the State of Mississippi to its OnlineFX platform network, now operating in 45 states and the District of Columbia;
    • The Group increased its banknotes market penetration into the financial institutions sector in the United States with the addition of 124 new clients in the second quarter of 2025; and
    • The Group continued to grow its Payments product line benefiting from the recent investments in core banking platform integrations which enabled the Group to expand its reach and increase its volumes in the United States. The Group processed 45,788 payment transactions in the second quarter compared to 37,781 payment transactions in the prior period.

    Selected Financial Data

    The following table summarizes the performance of the Group over the last eight fiscal quarters:

      Results of Continuing Operations – Reported Group Net Results – Reported Group Net Results- Adjusted3
    Quarterly Results Revenue Net income Earnings per
    share (diluted)    		 Net income
    (loss)    		 Earnings/(loss)
    per share
    (diluted)    		 Net income Earnings per
    share (diluted)
      $ $ $ $ $ $ $
    Q2 2025 15,865,150 2,674,849 0.42 1,983,025 0.31 2,285,808 0.36
    Q1 2025 15,450,861 1,694,672 0.26 812,530 0.12 1,092,648 0.17
    Q4 2024 18,460,390 3,313,852 0.50 (2,817,897) (0.45) 2,780,445 0.42
    Q3 2024 19,961,122 5,122,815 0.77 3,935,350 0.59 4,644,984 0.69
    Q2 2024 16,358,796 2,731,629 0.41 506,522 0.08 1,934,122 0.29
    Q1 2024 14,141,018 2,020,274 0.30 849,874 0.13 849,874 0.13
    Q4 2023 18,742,856 3,467,825 0.52 2,303,822 0.34 2,303,822 0.34
    Q3 2023 19,416,155 4,650,604 0.69 4,056,478 0.60 4,056,478 0.60

    Earnings Conference Call Details

    CXI plans to host a conference call on Thursday, June 12, 2025, at 8:30 AM (EST).

    To participate in or listen to the call, please dial the appropriate number:

    Toll Free – North America: (+1) 800 717 1738

    Conference ID Number: 21262

    About Currency Exchange International, Corp.

    Currency Exchange International is in the business of providing comprehensive foreign exchange technology and processing services for banks, credit unions, businesses, and consumers in the United States and select clients globally. Primary products and services include the exchange of foreign currencies, wire transfer payments, Global EFTs, and foreign cheque clearing. Wholesale customers are served through its proprietary FX software applications delivered on its web-based interface, www.cxifx.com (“CXIFX”), its related APIs with core banking platforms, and through personal relationship managers. Consumers are served through Group-owned retail branches, agent retail branches, and its e-commerce platform, order.ceifx.com (“OnlineFX”).

    Contact Information

    For further information please contact:
    Bill Mitoulas
    Investor Relations
    (416) 479-9547
    Email: bill.mitoulas@cxifx.com
    Website: www.cxifx.com

    KEY PERFORMANCE AND NON-GAAP FINANCIAL MEASURES

    The Group measures and evaluates its performance, as presented in this document, using a number of financial metrics and measures, such as adjusted net income, which do not have standardized meanings under generally accepted accounting principles (GAAP) and may not be comparable to other companies. The Group’s management believes that these measures are more reflective of its operating results and provide the readers of this document with a better understanding of management’s perspective on the performance. These measures enhance the comparability of our financial performance for the current year with the corresponding period in the prior year. For further information, including a reconciliation, refer to key performance and non-GAAP financial measures in the MD&A.

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

    This press release includes forward-looking information within the meaning of applicable securities laws. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, demand and market outlook for wholesale and retail foreign currency exchange products and services, future growth, the timing and scale of future business plans, results of operations, performance, and business prospects and opportunities. Forward-looking statements are identified by the use of terms and phrases such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “preliminary”, “project”, “will”, “would”, and similar terms and phrases, including references to assumptions.

    Forward-looking information is based on the opinions and estimates of management at the date such information is provided, and on information available to management at such time. Forward-looking information involves significant risks, uncertainties and assumptions that could cause the Group’s actual results, performance, or achievements to differ materially from the results discussed or implied in such forward-looking information. Actual results may differ materially from results indicated in forward-looking information due to a number of factors including, without limitation, the competitive nature of the foreign exchange industry; evolving worldwide geopolitical developments and pandemics including COVID-19 all of which may continue to have a material adverse effect on global economic activity, and may continue to result in volatility and disruption to global supply chains, operations, mobility of people and the financial markets which impact personal and business travel, tourism and factors relevant to the Group’s business; global economic deterioration negatively impacting tourism in general; currency exchange risks, the need for the Group to manage its planned growth, the effects of product development and the need for continued technological change, protection of the Group’s proprietary rights, the effect of government regulation and compliance on the Group and the industry in which it operates, network security risks, the ability of the Group to maintain properly working systems, theft and risk of physical harm to personnel, reliance on key management personnel; volatile securities markets impacting security pricing in a manner unrelated to operating performance and impeding access to capital or increasing the cost of capital as well as the factors identified throughout this press release and in the section entitled “Risks and Uncertainties” of the Group’s Management’s Discussion and Analysis for the three and six-month periods ended April 30, 2025 and 2024. Forward-looking information contained in this press release represents management’s expectations as of the date hereof (or as of the date such information is otherwise stated to be presented) and is subject to change after such date. The Group disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

    The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this press release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this press release.

    1 These are non-GAAP financial measures and ratios and are not standardized financial measures under IFRS, they are based on management-determined non-recurring items. For further information, refer to the key performance and non-GAAP financial measures section on page 4 of this document.
    2 These are non-GAAP financial measures and ratios and are not standardized financial measures under IFRS, they are based on management-determined non-recurring items. For further information, refer to the key performance and non-GAAP financial measures section on page 4 of this document.
    3 These adjusted results are non-GAAP financial measures and ratios and are not standardized financial measures under IFRS, they are based on management-determined non-recurring items. For further information, refer to the key performance and non-GAAP financial measures section on page 4 of this document.

    The MIL Network –

  • MIL-OSI Submissions: Economy – US inflation cools again – but Fed won’t be rushed to cut rates: deVere CEO

    Source: deVere Group

    June 11 2025 – Markets are eyeing the Federal Reserve with fresh optimism after US inflation (CPI) data came in just below expectations for the fourth straight month – but investors should not expect a rate cut just yet, warns the CEO of one of the world’s largest independent financial advisory and asset management organizations.

    The May Consumer Price Index (CPI) showed annual inflation at 2.4%, matching forecasts but undershooting April’s 2.5%.

    Core inflation eased slightly to 2.8% year-on-year, versus the expected 2.9%. Both headline and core readings point to gradual disinflation – but the Fed is unlikely to move quickly, says deVere.

    Nigel Green, CEO of deVere Group, comments: “Inflation is cooling – but not decisively – and with tariffs now feeding back into prices while the real economy is slowing, the Fed finds itself boxed in.

    “We expect the central bank to stay on hold next week and likely through the summer. Even if markets begin pricing in cuts again, September remains uncertain.”

    The inflation data follows a resilient US jobs report last Friday, which showed continued tightness in the labour market despite signs of economic softening.

    “Wage growth is still strong. Consumer demand is still running. But at the same time, business investment is faltering and debt issuance is surging. It’s a precarious balance,” says the deVere chief executive.

    He notes that while markets may interpret the below-forecast inflation numbers as a green light for easing, it is premature.

    “Today’s data is helpful – but not decisive. The Fed wants to see a consistent, broad-based decline in inflation across services and goods before cutting. We’re not there yet.”

    In the meantime, tariffs are acting as a counterforce to disinflation, especially as a federal appeals court ruled Tuesday that President Trump’s “Liberation Day” tariffs could stay in force while it considers whether the White House has the legal authority to impose the levies.

    “Tariffs are inflationary by design. They’re now pushing against the Fed’s disinflation goal at exactly the wrong moment – just as growth indicators begin to crack,” warns Nigel Green.

    Against this backdrop, the deVere CEO urges investors to reassess portfolios urgently.

    “Markets are walking a tightrope. Betting heavily on near-term rate cuts could be costly. Investors should remain positioned for policy stagnation, not relief.”

    He adds: “Sectors with real pricing power and cost flexibility – such as automation, energy, and selected infrastructure – remain attractive. At the same time, the debt-heavy, rate-sensitive parts of the market are at risk.”

    deVere also continues to flag concerns in the bond market. “With US debt issuance at record levels and foreign demand weakening, yields are likely to stay elevated. That has major implications for asset pricing and refinancing risk across the economy,” says Nigel Green.

    The firm advises clients not to stay in cash. “Opportunities exist, especially globally. But you have to be active. Sitting on the sidelines might feel safe, but inflation still erodes value, and the volatility is creating entry points.”

    Looking ahead to the second half of the year, deVere expects sentiment to oscillate between hopes for easing and fears of stagnation.

    “Markets want a story. Today’s CPI gave them a narrative of progress. But the Fed won’t cut on sentiment. It will wait for data – and that data remains mixed.”

    He concludes: “The inflation fight isn’t over. The economy is showing cracks. Tariffs are complicating everything. The Fed won’t be rushed, but the markets will keep guessing. Our message: don’t guess. Get positioned correctly, now.”

    deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of offices around the world, more than 80,000 clients, and $14bn under advisement.

    MIL OSI – Submitted News –

  • MIL-OSI USA: Wyden, Colleagues Introduce Class Act to give Students Cheated by For-Profit Colleges Their Day in Court

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)

    June 11, 2025

    Washington D.C.—U.S. Senator Ron Wyden, D-Ore., said today he has joined colleagues to reintroduce legislation designed to strengthen students’ ability to hold for-profit colleges accountable in court for their misconduct.  

    The Court Legal Access and Student Support (CLASS) Act would enhance accountability for for-profit colleges and safeguard taxpayer dollars by prohibiting an institution of higher education from receiving Title IV federal student aid if the school’s enrollment agreement requires mandatory arbitration or otherwise restricts students’ ability to pursue claims against the school in court.

    “For-profit colleges must be held accountable for misleading people working hard to get an education, and no student should have to sign a non-disclosure agreement to secure thateducation,” Wyden said. “Students are already dealing with the skyrocketing costs of college across the country, and I am committed to support students to reduce these costs and empower them to hold bad-actors accountable with legislation like the CLASS Act.”.

    Specifically, the CLASS Act would enhance the accountability of for-profit colleges and safeguard taxpayer dollars by:

    • Prohibiting an institution of higher education from receiving federal student aid if the school’s enrollment agreement requires mandatory arbitration or restricts students’ ability to pursue claims against the school in court;
    • Ensuring  the Federal Arbitration Act, which governs the enforcement of arbitration proceedings, would not apply to student enrollment agreements;
    • Taking effect one year after enactment to allow schools to make any necessary changes; and
    • Exempting legitimate non-profit colleges and universities because these institutions do not include mandatory arbitration clauses in their enrollment agreements.  The CLASS Act thus squarely focuses on schools that might seek to profit off of students while hiding from accountability in a court of law.

    The legislation was led by U.S. Senator Dick Durbin, D-Ill., and U.S. Representative Maxine Waters, D-Calif. Along with Wyden, the CLASS Act is cosponsored by Senators Richard Blumenthal, D-Conn., Jack Reed, D-R.I., Edward J. Markey, D-Mass., Elizabeth Warren, D-Mass., Mazie Hirono, D-Hawaii, John Fetterman, D-Pa., Sheldon Whitehouse, D-R.I., Cory Booker, D-N.J., Chris Van Hollen, D-Md., and Kirsten Gillibrand, D-N.Y. 

    The bill has earned the endorsement of Consumer Action; The Institute for College Access and Success; National Consumer Law Center (on behalf of its low income clients); National Association for College Admission Counseling; Veterans Education Success; National Association of Consumer Advocates; American Association for Justice; Center for Justice and Democracy; Woodstock Institute; Public Justice; Earthjustice; Public Citizen; The National Employment Lawyers Association; Americans for Financial Reform; National Consumers League; Consumer Federation of America; Young Invincibles; and Center for Responsible Lending.

    MIL OSI USA News –

  • MIL-OSI USA: Extensions on Extensions: Statement on Further Extension of the Form PF Compliance Date

    Source: Securities and Exchange Commission

    Today’s open meeting looks like a straightforward Commission vote to extend a compliance date for a recently adopted rulemaking.[1] But there is more here than meets the eye. The reality of our action today is more complex – and more concerning. And the clock is ticking because the compliance date at issue is, in fact, tomorrow.

    Form PF is the confidential form on which certain SEC-registered investment advisers to private funds report information to the SEC that helps us to understand potential systemic risk.[2] The SEC, and other regulators including FSOC, depend on these detailed data to better comprehend when the private markets may be experiencing turbulence that could affect our entire financial system. Because these entities generally operate outside of our regulatory view, these data are our best – and perhaps only – way to spot large scale financial disasters originating in the private funds market, or amplified by private fund exposure, before they happen. And, these data can help us understand more fully the impact of a market event if it has already occurred.

    The recent amendments, and the “new” version of the form they create, would improve the quality of these data so that they are more precise and helpful for identifying and responding to systemic risk.[3] Remember, many of our pension fund dollars are invested in private funds – so understanding risks in this market is important for American retirement savings.

    Today, the Commission is attempting to extend the new form’s compliance date under the wire, with just hours to spare, to accommodate a last-minute request[4] from some of the most highly sophisticated, highly resourced entities in our financial system, who have already been given an extension several months ago.[5] Now they’re back for more time with what doesn’t seem like a credible reason.

    The truth is that we are here to extend this compliance date not because firms actually need additional time to comply, but to allow for reconsideration of these amendments more broadly. If you look closely, you’ll find the proof in footnote 12 of today’s release. That footnote admits that the Commission is delaying the Form’s compliance date so it can revisit – or perhaps endeavor to abandon – this information altogether.[6] So, although this extension is for just a few more months, I suspect that we will continue to accommodate requests to extend this compliance date until we have significantly revised or undone this rule.[7],[8]

    Abandoning the APA

    And so, with this vote, we plough ahead and do exactly that. We are simply disregarding the authority of two previous Commissions – at both the SEC and the CFTC – who adopted this new form just one year ago. And while I would posit that entities in such a situation should abide by regulations lawfully adopted and thus file the new form, this procedural quagmire is certainly a far cry from what the APA intends.[9] Much has been said about the Commission’s desire to “return” to a reasoned agency process, [10] but this desire is nowhere to be found when there’s a looming compliance date that some would like to dodge.

    Less Information, But More Retail Access

    Finally, it is important to remember that this timing also just so happens to be aligned with a powerful policy push to increasingly open private markets to retail investors.[11] By preventing these amendments from coming online, we are willfully blindfolding the Commission and similarly hobbling our and other financial regulators’ ability to conduct more precise and effective analysis of private markets. This further undermines our ability to do data-driven rulemaking in the future,[12] including our ability to effectively do an economic analysis if this or any future Commission tries to open private markets to retail investors. And the timing couldn’t be worse, as evidenced by increasingly widespread concern about the stability of private markets.[13]

    Refusing to receive these improved data on systemic risk doesn’t make those risks go away. And we can’t have it both ways. We can’t suggest that its perfectly safe and appropriate for investors of all stripes to gain exposure to these markets while we are going out of our way to put our head in the sand about what’s actually going on in those same markets.[14]

    Conclusion

    Of course, if this Commission wants to revisit Form PF and reconsider any part of the Form, it can attempt to do so as part of the rulemaking process and in proper coordination with the CFTC. Not by forcing through an eleventh-hour compliance date extension under false pretenses.

    Thank you to the staff in the Division of Investment Management, the Division of Economic and Risk Analysis, and the Office of the General Counsel for their work on this release. I’m particularly grateful to many of these team members who also worked on the final form amendments last year. I hope that, one day, the Commission will actually experience the benefits of your work and the important data from these Form PF amendments.

    [1] See Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers; Further Extension of Compliance Date, Release No. [ ] (Jun. 11, 2025) (“Current Compliance Date Extension Release”).

    [2] See Sections 404 and 406 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Pub. L. 111-203, 124 Stat. 1376 (2010).

    [3] See Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers, Release No. IA-6546 (Feb. 8, 2024) [89 FR 17984 (Mar. 12, 2024)].

    [5] See Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers; Extension of Compliance Date, Release No. IA-6838 (Jan. 29, 2025) [90 FR 9007 (Feb. 5, 2025)].

    [6] “During the interim period prior to the compliance date of October 1, 2025, the Commissions may continue to review whether Final Form PF raises substantial questions of fact, law, or policy.” Current Compliance Date Extension Release, supra note 1 at n. 12.

    [8] See Current Compliance Date Extension Release, supra note 1.

    [9] The release admits that, in this instance, we are not providing for notice and comment under the APA “[g]iven the time constraints […].” I question the assertion in the release that dispensing with the APA requirements in this circumstance are for “good cause” as required by the statute. See section 553(b)(3)(B) of the Administrative Procedure Act (5 U.S.C. 553(b)(3)(B)) (providing that an agency may dispense with prior notice and comment when it finds, for good cause, that notice and comment are “impracticable, unnecessary, or contrary to the public interest”).

    [11] Chairman Paul S. Atkins, Prepared Remarks Before SEC Speaks (May 19, 2025) (“Much has changed since 2002 — including the growth of private markets and the increased oversight and enhanced reporting by both private fund advisers and registered funds. Indeed, in the last 10 years alone, private fund assets have almost tripled from $11.6 trillion to $30.9 trillion. Allowing [for more retail exposure to private funds via registered closed-end funds] could increase investment opportunities for retail investors seeking to diversify their investment allocation in line with their investment time horizon and risk tolerance.”).

    [13] “‘If growth [from retail investors] outpaces the industry’s ability to manage such complexities, such challenges could have systemic consequences. Private asset managers also face reputational risk if—in a scramble to grow share—credit standards slip or risk management falter.’” Matt Wirz, Moody’s Sounds Alarm on Private Funds for Individuals, The Wall Street Journal (Jun. 10, 2025).

    [14] “A few large private-fund managers now dominate the market and they often invest in the same deals and in each other’s funds. This makes it harder for individuals to diversify their investments and “this kind of interconnectedness can amplify systemic vulnerabilities.’” Id.

    MIL OSI USA News –

  • MIL-OSI: CEA Industries Posts Updated Investor Presentation

    Source: GlobeNewswire (MIL-OSI)

    Conference Call Scheduled for Today, June 11, 2025 at 4:30pm ET 

    CEA Industries to Provide Business Update and Discuss Strategic Implications of Fat Panda Acquisition

    Louisville, Colorado, June 11, 2025 (GLOBE NEWSWIRE) — CEA Industries Inc. (NASDAQ: CEAD, CEADW) (“CEA Industries” or the “Company”), today announced that it has published an updated investor presentation, now available on the Investor Relations section of its website. Management will host a live conference call today, June 11, 2025, at 4:30pm ET to outline the Company’s new strategic priorities, including the recent acquisition of Fat Panda and the go-forward strategy to accelerate growth and enhance shareholder value.

    To access the conference call, please use the following information:

    CEA Industries management may utilize this presentation during upcoming meetings with analysts and investors. The posting of this presentation is being made pursuant to Regulation FD.

    About CEA Industries Inc.

    CEA Industries Inc. (NASDAQ: CEAD) is a growth-oriented company focused on building category-leading businesses in regulated consumer markets. With a focus on the high-growth, Canadian nicotine vape industry, one of the fastest-expanding segments of the global nicotine market, CEA Industries targets scalable operators with strong regulatory alignment, defensible market share, and high-margin business models. The Company provides capital, operational expertise, and strategic resources to accelerate retail expansion, strengthen e-commerce infrastructure, and drive long-term value creation in performance-driven sectors. For more information, visit www.ceaindustries.com.

    Investor Contact:

    Sean Mansouri, CFA or Aaron D’Souza
    Elevate IR
    info@ceaindustries.com
    (720) 330-2829

    The MIL Network –

  • MIL-OSI USA: RELEASE: Senators Mullin and Booker Reintroduce the Prescription Information Modernization Act

    US Senate News:

    Source: United States Senator MarkWayne Mullin (R-Oklahoma)

    RELEASE: Senators Mullin and Booker Reintroduce the Prescription Information Modernization Act

    Washington, D.C. – Today, U.S. Senators Markwayne Mullin (R-OK) and Cory Booker (D-NJ) reintroduced the “Prescription Information Modernization Act of 2025”. This bill will enable the Food and Drug Administration (FDA) to implement a rule that allows drug manufacturers to share prescribing information electronically in order to reduce waste, improve efficiency, and ensure that healthcare professionals have access to the latest drug information.

    Prescribing information is crucial for healthcare professionals to make informed decisions about prescriptions. Unfortunately, under current regulations, this information is required to be printed which leads to excessive paper use and the distribution of outdated materials.

    “This common-sense legislation is long overdue and will have an immense impact on both our healthcare professionals and patients,” said Senator Mullin. “Electronic prescriptions will simplify how providers access and manage data, improving efficiency without compromising quality.”

    “Our health care system should adapt to the latest technological advances so that people can receive efficient, quick, and effective care like never before,” said Senator Booker. “Right now, drug manufacturers and health care providers are still forced to rely on printed materials to access and manage prescription materials. This bipartisan legislation will pave the way for electronic prescriptions and modernize our health care practices.”

    The legislation is supported by the following organizations: The Alliance to Modernize Prescribing Information, Academy of Managed Care Pharmacy (AMCP), Allergy & Asthma Network, American Pharmacists Association, AmGen, Asthma and Allergy Foundation of America, Association for Accessible Medicines, Beyond Type 1, Biotechnology Innovation Organization, BioNJ, BioUtah, Boomer Esiason Foundation, Environmental Paper Network, Georgia Bio, Healthcare Distribution Alliance, HealthCare Institute of New Jersey, LUNGevity Foundation, Lupin, Maryland Tech Council, MassBio, McKesson, National Association of Chain Drug Stores, National Consumers League, National Grange, NewYorkBIO, North Carolina Biosciences Organization, Texas Healthcare and Biosciences Institute, and Zero Cancer.

    Full text of the ‘‘Prescription Information Modernization Act of 2025’’ can be found here.

    MIL OSI USA News –

  • MIL-OSI USA: Texas Man Sentenced to 11 Years in Prison and Ordered to Pay $2M Fine for Conspiring to Monopolize International Transit Industry, Fix Prices, Extort $9.5M, and Launder Money

    Source: US State of Vermont

    Carlos Martinez, 39, of Mission, Texas, was sentenced today to 11 years in prison and a fine of $2 million for his conduct in a long-running and violent conspiracy to monopolize the transmigrante forwarding agency (TFA) industry in the Los Indios, Texas, border region. Martinez and his co-defendants controlled the TFA industry through monopolization and extortion of competitors.

    Transmigrantes transport used vehicles and other goods from the United States through Mexico for resale across Central America. There are only a few locations where transmigrantes are permitted to cross from the United States into Mexico, one of those being the Los Indios Bridge in Texas. TFAs are U.S.-based businesses that provide services to transmigrante clients, including helping clients complete the customs paperwork required to export vehicles into Mexico. According to court documents and statements made in court, Martinez and his co-defendants fixed prices for TFA services and created a centralized entity known as “The Pool” to collect and divide revenues among the conspirators, limit competition from other agencies, and increase prices for their services.

    “The defendants exploited hardworking professionals in the freight forwarding business using extortion and illegal price-fixing schemes to manipulate the market and inflate the cost of moving goods,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “The lead defendant’s 11-year prison sentence reflects the serious economic harm inflicted on the business community along the southern border. The Criminal Division will continue to pursue and prosecute those who threaten fair competition and the integrity of our markets.”

    “Today’s sentence reflects the significant danger and harm the American people face from violent and extortive actions aimed at fixing prices and monopolizing the market for essential services in the Texas border region,” said Assistant Attorney General Abigail Slater of the Justice Department’s Antitrust Division. “The Antitrust Division will continue to aggressively pursue violent criminals who aim to corrupt America’s free markets and advocate for their incarceration.”

    “Price fixing is not a victimless crime; it harms customers in the form of artificially high prices. Consumers need to have faith that the prices they pay are fairly determined by the market, rather than the product of illegal collusion,” said U.S. Attorney Nicholas J. Ganjei for the Southern District of Texas. “The 11-year sentence Mr. Martinez received reflects the size and scope of his criminal operation, as well as his leadership role in organizing and facilitating the unlawful scheme.”  

    “All of these defendants used their positions with the TFA to extort hardworking individuals who relied on these services to support their families and livelihood,” said Assistant Director Jose A. Perez of the FBI Criminal Investigative Division. “The FBI is committed to dismantling criminal enterprises that prey on vulnerable communities, and today’s sentencing sends a clear message that those who abuse systems will be found, stopped and brought to justice.”

    “This case underscores the serious threat posed by transnational criminal networks operating at our borders,” said Special Agent in Charge Craig Larrabee of Immigration and Customs Enforcement Homeland Security Investigations (HSI) San Antonio. “Carlos Martinez and his co-conspirators orchestrated a violent scheme that extorted small businesses, fixed prices, and laundered millions of dollars — all while threatening the safety and integrity of lawful commerce. HSI will continue to aggressively pursue those who exploit legitimate industries through corruption and intimidation, and we remain steadfast in our mission to protect our communities and our economy.”

    Individuals in the industry who were not part of the conspiracy were forced to join and pay into The Pool or face financial and violent consequences. Martinez and other members enforced the rules by monitoring whether forwarding agencies were charging the agreed-upon prices and whether the forwarder was making payments to The Pool.  

    Martinez and some of his co-defendants also conspired to force forwarding agencies to pay other extortion fees, including a “piso” for every transaction processed as well as a “fine” for operating in the market outside of Pool rules. Martinez and his co-defendants intimidated, coerced, and used threats and acts of violence in furtherance of the antitrust and extortion conspiracies.

    Martinez was responsible for collecting at least $9.5M in extortion payments. Cash obtained from the extortions was laundered through bank accounts controlled by Martinez and his family, with the cash deposits disguised to hide the nature, source, ownership, and control of the dirty money.

    Martinez is the son-in-law of the former leader of the Gulf Cartel in Mexico, a violent criminal syndicate that operates at the U.S.-Mexico border and elsewhere. Martinez took control of  Los Indios Bridge and employed individuals who worked to track TFA transactions to calculate the piso owed by each forwarding agency. Pool and piso payments were made in cash to the individuals working for Martinez. Martinez ordered disciplinary actions against those operating in the transmigrante market without permission, those who violated Pool rules, those who did not charge the fixed prices, and those who did not pay the piso. Disciplinary actions could include clients not being allowed to cross Los Indios Bridge, cars being stolen, or more serious repercussions such as kidnappings, beatings, firebombings, shootings, and murder.

    Carlos Martinez pleaded guilty in February  to conspiracy to illegally fix prices and allocate the market for TFA services, conspiracy to monopolize the transmigrante market, conspiracy to interfere with commerce by extortion, interference with commerce by extortion, and money laundering conspiracy. The government will also seek forfeiture of at least one house, luxury vehicles, a boat, and expensive watches.

    Prior to Martinez’s sentencing, his co-defendants were sentenced as follows:

    Carlos Yzaguirre, 66, of McAllen, Texas, was sentenced to two years in prison, after pleading guilty to conspiracy to interfere with commerce by extortion.

    Sandra Guerra Medina, 70, of Rancho Viejo, Texas, was sentenced to eight months of home detention, after pleading guilty to conspiracy to illegally fix prices and allocate the market for TFA services and conspiracy to monopolize the transmigrante market.

    Juan Hector Ramirez Avila, 59, a citizen of Mexico, was sentenced to time served, after pleading guilty to one count of structuring a financial transaction to evade reporting requirements.

    Jose Tapia, Mireya Miranda, Pedro Calvillo and Roberto Garcia Villarreal pleaded guilty and are awaiting sentencing. Three other defendants, Rigoberto Brown, Miguel Hipolito Caballero Aupart, and Diego Ceballos-Soto, were also charged in the superseding indictment and remain fugitives.

    The Court will determine the final restitution amount owed to victims of the conspiracies at a hearing set for Sept. 3, 2025. 

    Immigration and Customs Enforcement Homeland Security Investigations and the FBI investigated the case.

    Trial Attorney Christina Taylor of the Criminal Division’s Violent Crime and Racketeering Section; Senior Litigation Attorney John Davis and Trial Attorneys Brittany E. McClure, Anne Veldhuis, and Michael G. Lepage of the of the Antitrust Division; and Assistant U.S. Attorney Alexander L. Alum for the Southern District of Texas prosecuted the case.

    Anyone with information in connection with this investigation should contact the HSI Tip Line at 866-347-2423; the FBI Tipline at tips.fbi.gov, or by contacting the FBI San Antonio Field Office at 210-225-6741; or the Antitrust Division’s Complaint Center at 888-647-3258, or visit http://www.justice.gov/atr/report-violations.

    MIL OSI USA News –

  • MIL-OSI USA: Labonte named Associate Vice President for University Safety

    Source: US State of Connecticut

    Dear Colleagues,

    I’m pleased to announce that I have appointed UConn Police Chief Gene Labonte to the position of Associate Vice President for University Safety following a national search. Gene has served as our Chief of Police since July 2023, and going forward he will serve as both police chief and AVP.

    At UConn, those who have had the opportunity to work with Chief Labonte know that his service to the university in this critical role is defined by integrity, professionalism, and outstanding leadership.

    As chief, he brings a thoughtful, well-informed approach to his work reflecting his decades-long experience in law enforcement matched with a thorough understanding of the complexities and nuances involved in overseeing a police department at a large public research university with campuses throughout the state.

    Chief Gene Labonte (contributed photo).

    One of the many reasons he was an exceptional candidate for AVP is because of that understanding, which allows him to see the university not through the lens of law enforcement alone, but also through the larger and more expansive lens of “public safety” more generally, a strength that is essential to being effective in both of these positions.

    In addition, Chief Labonte’s open, transparent style of communication, collegiality, and responsiveness are highly valued by his colleagues throughout the institution.

    Prior to his arrival at UConn, Chief Labonte served as Associate Vice President for Public Safety and Risk Management/Chief of Police and Salem State University in Salem, Mass., which is part of the commonwealth’s public university system. He began his law enforcement career in 1990 with the Connecticut State Police, serving until 2012 and departing at the rank of Lieutenant Colonel.

    He succeeds Hans Rhynhart, who is retiring after more than three decades at UConn that included rising from a police officer to Chief of Police and later AVP for University Safety. His last day at UConn is June 30.

    I would like to thank the search committee, which was chaired by Vice President for Diversity and Inclusion Jeffrey Hines. It also included Mansfield Town Manager Ryan Aylesworth, Assistant Vice President for Student Life Cyndi Costanzo, Deputy General Counsel Nathan LaVallee, UConn Health Chief of Staff Andrea Keilty, interim Vice President for Communications Mike Kirk, African American Cultural Center Director Alicia McKenzie, Hartford Campus Dean Mark Overmyer-Velazquez, Vice President for Quality and Patient Care Services/Chief Nursing Officer/JDH Chief Operating Officer Caryl Ryan, Vice Provost Dan Schwartz, and Director of Business Services for University Safety Darshana Sonpal.

    Thanks also to Maryann Markowski from the President’s Office and Michelle Fournier from Human Resources for supporting the search committee and search process.

    Please join me in congratulating and thanking Chief Labonte for his willingness to step into this additional role and in offering thanks, gratitude, and our very best wishes to Hans for his long and dedicated service to UConn.

    Sincerely,
    Radenka Maric
    UConn President

    MIL OSI USA News –

  • MIL-OSI NGOs: World Cup 2026: Growing threats to human rights set to undermine FIFA’s responsibilities one year out from kick off

    Source: Amnesty International –

    One year to go until the largest-ever sporting event across the USA, Canada and Mexico

    Urgent human rights risks in 2026 host countries – particularly in the USA – are impacting immigrants, the right to protest, and LGBTI+ rights

    Growing threats to civil liberties and human rights risk undermining FIFA’s commitments and responsibilities

    ‘FIFA and the US authorities must ensure that the World Cup does not become a pretext for stifling dissent or expanding mass surveillance’ – Daniel Noroña, Amnesty USA

    FIFA must take urgent and concrete action to uphold human rights for everyone involved in the 2026 FIFA Men’s World Cup, the Sport & Rights Alliance said today.

    With just one year remaining before the tournament begins across the United States, Canada, and Mexico – and only days before the Club World Cup kicks off on June 14 – growing threats to civil liberties and human rights risk undermining FIFA’s own commitments and responsibilities in this area.

    In its statutes, Human Rights Policy, and 2026 Bidding Process Guide, FIFA accepts its responsibility to respect human rights in line with the United Nations Guiding Principles on Business and Human Rights. The Bidding Process Guide specifically requires would-be hosts to document their commitment to “ensur[ing] that the hosting and staging of the Competition do[es] not involve adverse impacts on internationally recognised human rights.” The guide gives particular attention to “labour rights, the rights of children, gender equality, freedom of expression and peaceful assembly, and protecting all individuals from all forms of discrimination.”

    The Sport & Rights Alliance has identified several critical areas where government policies in the 2026 host countries, particularly the United States under President Donald Trump, pose significant and immediate risks to the human rights of immigrants; freedom of the press and free expression; LGBTI+ rights; safety for children; and the right to be free from discrimination, requiring urgent and transparent intervention.

    Andrea Florence, Executive Director of the Sport & Rights Alliance, said:

    “In 2018, the US, Mexico, and Canada provided clear human rights commitments in their bid documents to host the 2026 FIFA Men’s World Cup.

    “Despite FIFA’s mantra that ‘football unites the world,’ a World Cup held under discriminatory and exclusionary policies risks deepening social divides rather than bridging them. FIFA should exert its leverage and demand concrete, legally binding guarantees that human rights won’t be further sacrificed for the sake of the game.”

    Right to protest; freedom of expression

    With the 2026 Men’s World Cup potentially serving as a spotlight for public criticism and controversy, the escalating crackdowns on freedom of expression and peaceful assembly, particularly for people engaged in speech and protest related to Palestinian rights, is deeply troubling, the Alliance said. Students and activists have been detained and their visas revoked for speaking out about their views. The Trump administration has also deployed National Guard troops to Los Angeles following protests against immigration arrests, claiming they constitute an act of “rebellion” against the government.

    FIFA’s stated commitments to free expression have also previously been contradicted when it has imposed rules prohibiting players and fans from making political or religious statements. At the 2022 Men’s World Cup in Qatar, for example, Iranian fans displaying “Woman, Life, Freedom” banners were removed from stadiums, while rainbow flags were confiscated at a number of matches.

    Daniel Noroña, Americas Advocacy Director at Amnesty International USA, said:

    “The ability to peacefully protest without fear of retribution is a cornerstone of a free society, yet it is increasingly under threat in the United States.

    “There is a long history of peaceful protest in global football. FIFA and the US authorities must ensure that the World Cup does not become a pretext for stifling dissent or expanding mass surveillance, and every player, fan, journalist, and resident can participate and protest without fear of sanction, arbitrary detention or discriminatory treatment.”

    Discriminatory immigration policies

    FIFA anticipates that as many as 6.5 million people could attend the 2026 tournament across the host countries. The current US administration’s abusive immigration policies, including enforced disappearances under the Alien Enemies Act, travel bans, increased detention, and visa restrictions, threaten the inclusivity and global nature of the World Cup.

    Despite President Trump’s executive order stating that teams qualifying for the 2026 Men’s World Cup will be exempt from travel bans, as of now fans and extended family members from banned countries will not be allowed to enter the United States. Delays, denials, and the real prospect of detention for fans, media, and other participants from specific countries could severely disrupt the tournament.

    Minky Worden, Director of Global Initiatives at Human Rights Watch, said:

    “FIFA should publicly acknowledge the threat US immigration and other anti-human rights policies pose to the tournament’s integrity and use its leverage with the US government to ensure that the rights of all qualified teams, support staff, media, and fans are respected as they seek to enter the United States regardless of nationality, gender identity, religion, or opinion.

    “FIFA should establish clear benchmarks and timelines for the US policy changes needed to ensure respect for immigrants’ rights during the 2026 World Cup and beyond.”

    Human Rights Watch wrote to FIFA on May 5 to say that it should use its leverage to push the Trump administration to roll back discriminatory immigration policies in the United States. FIFA responded on June 3, stating that it “expects … host countries take measures to ensure that any eligible persons who are involved in the Competition are able to enter the respective countries,” and “is actively working on this matter with relevant authorities.” FIFA also said it would engage with relevant authorities if it became aware of human rights concerns.

    Ronan Evain, Executive Director of Football Supporters Europe, said:

    “Fans travel to the World Cup to celebrate and express their passion, and any attempt to curtail our fundamental rights, including the right to free speech, is a betrayal of the spirit of football.

    “We’re particularly concerned about the potential for selective enforcement and discrimination against fans based on our perceived political views or national origin. FIFA must obtain the necessary guarantees to ensure fans from all over the world are able to safely travel and attend the games.”

    Discrimination and violence against LGBTI+ people

    The increasing legislative and rhetorical attacks on the rights of LGBTI+ people, particularly transgender people in the United States, underscore the current administration’s intention to erase transgender people from public life and dismantle crucial human rights protections. Discriminatory laws and the hostile political climate around LGBTI+ rights in the United States could directly threaten the security, bodily autonomy, dignity, and inclusion of LGBTI+ fans, players, and workers at the 2026 Men’s World Cup.

    In Mexico, LGBTI+ people, and especially trans and gender-diverse people, face violence across the country, which affects their daily lives and participation in public events. Federal and state authorities should take urgent steps to prevent and punish violence against LGBTI+ people, with particular attention to the specific risks faced by trans and gender-diverse communities.

    Gurchaten Sandhu, Director of Programs at ILGA World, said:

    “The alarming discrimination and violence against LGBTI+ individuals in the United States and Mexico cast a chilling shadow over the promise of an inclusive World Cup.

    “As organiser of the event, FIFA should demand that all host cities and states uphold universal human rights, ensuring no fan, worker, or athlete faces discrimination based on their sexual orientation, gender expression, gender identity, or sex characteristics, and that any discriminatory laws are actively challenged and nullified.”

    Press freedom

    Journalists covering the 2026 Men’s World Cup face distinct and alarming risks in both Mexico and the United States. Mexico consistently ranks among one of world’s most dangerous and deadly countries for media professionals, who face threats, harassment, and violence from both organised crime and public officials. The pervasive impunity for these crimes creates a chilling effect and zones of silence in which critical information is suppressed. In the United States, journalists could face intrusive screening, social media monitoring, and be denied entry based on perceived political views, undermining their ability to report independently.

    Antoine Bernard, Advocacy and Assistance Director at Reporters Without Borders (RSF), said:

    “Journalists covering the World Cup must be granted unimpeded access, free from arbitrary restrictions, detention, or violence.

    “FIFA and the local authorities must implement exceptional measures to protect all media workers – not only ensuring smooth entry for foreign press but actively safeguarding all journalists who will be covering large crowds, excited spectators, and potential protests, and addressing the systemic impunity that allows violence against them to persist.

    “Local law enforcement’s policies need to be strengthened to ensure the distinction of journalists from demonstrators, bystanders, and fans, and they must clearly communicate the policies they intend to follow in ensuring this distinction, in full respect of journalists’ freedom and independence.”

    Labour rights

    The immense scale of the 2026 Men’s World Cup will necessitate a massive workforce in host cities to staff stadiums, hospitality, transport, and more. The Trump administration’s dismantling of federal programs and anti-union sentiment increase the risk of exploitation and child labour, wage theft, and unsafe working conditions for these critical workers.

    Luc Triangle, General Secretary of the International Trade Union Confederation (ITUC), said:

    “The extensive network of contracts for stadium construction, hospitality, and event services in the host cities must be built on a foundation of respect for workers’ rights.

    “We are gravely concerned that without strong, enforceable labour protections, this tournament will inadvertently fuel precarious work and child labour, suppress wages, and deny workers their fundamental rights to organise and bargain collectively. FIFA must demand robust social dialogue and binding agreements to protect every worker contributing to this World Cup.”

    Transparency and anti-corruption

    The Sport & Rights Alliance also harbours significant concerns related to low governmental transparency and weak anti-corruption regulations in and around the 2026 Men’s World Cup, particularly given recent policy shifts in the United States and Mexico. As the tournament approaches, robust oversight and unwavering commitment to ethical principles are needed to prevent the exploitation of this global event for private gain at the expense of human rights and public trust.

    Tor Dølvik, Special Advisor at Transparency International, said:

    “The 2026 FIFA World Cup will take place in a global context where anti-corruption efforts are increasingly under strain.

    “All host countries and FIFA must uphold their anti-corruption responsibilities by establishing comprehensive risk management mechanisms that close potential loopholes for corruption, and reliable systems for detecting and reporting irregularities. Full transparency regarding all expenditures related to the World Cup – before, during, and after the events – will be vital in building trust and ensuring integrity throughout the process.”

    FIFA’s responsibility

    FIFA, as the chief actor responsible for an event that will leave a tremendous footprint, needs to conduct an updated human rights due diligence assessment, and unequivocally leverage its influence to ensure that the 2026 Men’s World Cup is a rights-respecting and rights-advancing event.

    A new human rights due diligence assessment should consider the need for tangible commitments to reverse discriminatory policies, strengthen protections for historically marginalised groups, ensure substantial accountability for human rights abuses, and establish truly effective, transparent, and independent grievance mechanisms for people to seek support and a remedy. Failure to act decisively risks irrevocably tarnishing the legacy of the 2026 FIFA Men’s World Cup and setting a dangerous precedent for future mega-sporting events.

    About the Sport & Rights Alliance

    The Sport & Rights Alliance’s mission is to promote the rights and well-being of those most affected by human rights risks associated with the delivery of sport. Its partners include Amnesty International, The Army of Survivors, Football Supporters Europe, Human Rights Watch, ILGA World (The International Lesbian, Gay, Bisexual, Trans and Intersex Association), the International Trade Union Confederation, Reporters Without Borders, Transparency International, and World Players Association, UNI Global Union.

    As a global coalition of leading nongovernmental organisations and trade unions, the Sport & Rights Alliance works together to ensure sports bodies, governments, and other relevant stakeholders give rise to a world of sport that protects, respects, and fulfills international standards for human rights, labour rights, child wellbeing and safeguarding, and anti-corruption.

    MIL OSI NGO –

  • MIL-OSI Security: DOJ and drug development researcher settle allegations he violated terms of National Science Foundation grant

    Source: Office of United States Attorneys

    Seattle – The United States Department of Justice and the recipient of a federal research grant have resolved allegations the lead researcher violated the terms of the grant when he performed the research outside the U.S., announced Acting United States Attorney Teal Luthy Miller. Protein Engines, LLC (Protein Engines), founded and operated by Joshua Salafsky PhD, was awarded a National Science Foundation (NSF) grant in late 2021 for scientific research with pharmaceutical applications. Protein Engines LLC will pay the U.S. $155,000 to resolve the allegations.

    “Despite being repeatedly informed that all research under the grant needed to be performed in the U.S., Dr. Salafsky spent little more than a month in the U.S. while he was accepting NSF grant funding for his research,” said Acting U.S. Attorney Miller. “These Small Business Innovation Research (SBIR) grants require work in the U.S. so that federal funds go to support innovation here, using labs and equipment that generate business in the U.S. This deception defeated that purpose.”

    According to the settlement agreement, on November 26, 2021, Protein Engines LLC was awarded a $256,000 grant. The research was to be performed in the U.S. between December 1, 2021, and November 30, 2022. However, the principal researcher on the grant lived in the U.K. for all but 38 days of the grant funding.

    The National Science Foundation suspended the grant funding on September 8, 2023, when it determined the research had not been conducted in the U.S. as required.

    The Small Business Innovation Research/Technology Transfer (SBIR/STTR) program is a critically important and highly competitive program created to fund technological advancements within the United States. Funding for this program strengthens the competitive free enterprise system and the U.S. economy. To maximize that impact, SBIR regulations require all research and development to be conducted in the United States.  This investigation resulted from the NSF Office of Inspector General’s proactive initiative to protect national security interests by identifying SBIR recipients who improperly operate outside the U.S.

    “When companies fail to follow the domestic requirements of the SBIR program, it is not only a misuse of taxpayer dollars but also takes away funding from deserving U.S. businesses. NSF OIG remains committed to pursuing oversight of these programs to ensure taxpayer funds are invested in the United States to benefit U.S. businesses, the U.S. economy, and national security. I commend the U.S. Attorney’s Office for supporting this important proactive effort,” said Megan E. Wallace, NSF’s Acting Inspector General.

    Of the $155,000 settlement, $77,500 is restitution and the rest is a penalty for the misconduct. Additionally, $25,000 in grant funds were never paid out to Protein Engines LLC.

    Protein Engines LLC says the settlement is not an admission of liability but chooses to resolve the matter instead of the expense and uncertainty of protracted litigation.

    The case was investigated by the National Science Foundation Office of Inspector General (NSF-OIG). The U.S. Attorney’s Office was represented by Assistant United States Attorney Kayla C. Stahman in this matter.

    MIL Security OSI –

  • MIL-OSI Security: Leader in scheme to monopolize transmigrantes market imprisoned for 11 years

    Source: Office of United States Attorneys

    HOUSTON – A 39-year-old Mission man has been sentenced for his role in a long-running and violent conspiracy to monopolize the transmigrante forwarding agency (TFA) industry in the Los Indios border region, announced U.S. Attorney Nicholas J. Ganjei.

    Carlos Martinez, who pleaded guilty Feb. 6, and his co-conspirators controlled the transmigrate industry through monopolization and extortion of competitors.

    U.S. District Judge George C. Hanks Jr. has now ordered Martinez to serve 132 months in federal prison to be immediately followed by three years of supervised release. He must also pay a $2 million fine. 

    Martinez and others used fear to control pricing, eliminate competition and keep the transmigrante industry profitable through “pool” allocations and piso payments.

    Transmigrantes transport used vehicles and goods from the United States through Mexico for resale in Central America. Only a few U.S. border crossings, including the Los Indios Bridge, allow transmigrantes to enter Mexico.

    Transmigrante forwarding agencies are U.S.-based businesses that help clients complete customs paperwork to export vehicles into Mexico. Martinez and his co-conspirators fixed prices for forwarding services and created a centralized entity, known as the “pool,” to collect and divide revenue among conspirators. They used the pool to eliminate competition and raise prices.

    “Price fixing is not a victimless crime; it harms customers in the form of artificially high prices. Consumers need to have faith that the prices they pay are fairly determined by the market, rather than the product of illegal collusion,” said U.S. Attorney Nicholas J. Ganjei. “The 11-year sentence Mr. Martinez received reflects the size and scope of his criminal operation, as well as his leadership role in organizing and facilitating the unlawful scheme.”

    “The defendants extorted victims trying to make an honest living in the freight forwarding business, and by fixing prices illegally drove up the cost of moving goods,” said Matthew R. Galeotti, head of the Justice Department’s Criminal Division. “The lead defendant’s sentence of 11 years in prison reflects the harm caused to the business community along the Southern border. The Department of Justice’s Criminal Division will continue to work to ensure that competition is fairly preserved.”

    “Today’s sentence reflects the significant danger and harm the American people face from violent and extortive actions aimed at fixing prices and monopolizing the market for essential services in the Texas border region,” said Assistant Attorney General Abigail Slater of the Justice Department’s Antitrust Division. “The Antitrust Division will continue to aggressively pursue violent criminals who aim to corrupt America’s free markets and advocate for their incarceration.”

    “This case underscores the serious threat posed by transnational criminal networks operating at our borders,” said Special Agent in Charge Craig Larrabee of Immigration and Customs Enforcement – Homeland Security Investigations (ICE-HSI) San Antonio. “Carlos Martinez and his co-conspirators orchestrated a violent scheme that extorted small businesses, fixed prices, and laundered millions of dollars — all while threatening the safety and integrity of lawful commerce. HSI will continue to aggressively pursue those who exploit legitimate industries through corruption and intimidation, and we remain steadfast in our mission to protect our communities and our economy.”

    “The FBI will remain laser focused on transnational criminal organizations, including organizations that use violence, threats or extortion to fix prices and eliminate competition,” said Special Agent in Charge Aaron Tapp of the FBI’s San Antonio Field Office. “The American people deserve access to fair markets, free from threats of violence or the corrosive impact of illegal market interference, manipulation, or collusion. Together with our partners, we are committed to protecting our borders and dismantling every component of transnational criminal organizations.”

    Martinez, the son-in-law of a former Gulf Cartel leader in Mexico, ran a violent criminal syndicate operating at the U.S.-Mexico border. He seized control of the Los Indios bridge near Harlingen and Brownsville and hired workers to monitor transmigrante forwarding agencies and calculate the piso each owned.

    Workers collected piso payments in cash and submitted them to Martinez’s organization. He enforced compliance by ordering disciplinary action against agencies that operated without permission, violated pool rules, failed to charge fixed prices or refused to make extortionate payments.

    Forwarders not involved in the conspiracy were forced to join and pay into the pool. Martinez and other pool members monitored whether agencies followed pricing rules and made required payments. Martinez and his co-conspirators also demanded additional extortion fees, including a piso for each processed transaction and a fine for operating outside the pool. They used threats, intimidation and violence to enforce compliance and further their antitrust and extortion conspiracies.

    Clients who didn’t comply faced consequences ranging from being denied access to the Los Indios Bridge to having their cars stolen. In more severe cases, they were kidnapped, beaten, firebombed, shot or killed.

    Martinez personally collected at least $9.5 million in extortion payments. He and his family laundered the money through bank accounts they controlled, disguising the deposits to hide the true source, nature and ownership of the illicit funds.

    To date, seven others have been convicted, three of whom have already been sentenced in the case.

    ICE-HSI and FBI conducted the investigation.

    Assistant U.S. Attorney Alexander L. Alum is prosecuting the case along with Trial Attorney Christina Taylor of the Criminal Division’s Violent Crime and Racketeering Section; Senior Litigation Attorney John Davis and Trial Attorneys Brittany E. McClure, Anne Veldhuis and Michael G. Lepage, all of the of the Antitrust Division.

    MIL Security OSI –

  • MIL-OSI Security: Texas Man Sentenced to 11 Years in Prison and Ordered to Pay $2M Fine for Conspiring to Monopolize International Transit Industry, Fix Prices, Extort $9.5M, and Launder Money

    Source: United States Department of Justice Criminal Division

    Carlos Martinez, 39, of Mission, Texas, was sentenced today to 11 years in prison and a fine of $2 million for his conduct in a long-running and violent conspiracy to monopolize the transmigrante forwarding agency (TFA) industry in the Los Indios, Texas, border region. Martinez and his co-defendants controlled the TFA industry through monopolization and extortion of competitors.

    Transmigrantes transport used vehicles and other goods from the United States through Mexico for resale across Central America. There are only a few locations where transmigrantes are permitted to cross from the United States into Mexico, one of those being the Los Indios Bridge in Texas. TFAs are U.S.-based businesses that provide services to transmigrante clients, including helping clients complete the customs paperwork required to export vehicles into Mexico. According to court documents and statements made in court, Martinez and his co-defendants fixed prices for TFA services and created a centralized entity known as “The Pool” to collect and divide revenues among the conspirators, limit competition from other agencies, and increase prices for their services.

    “The defendants exploited hardworking professionals in the freight forwarding business using extortion and illegal price-fixing schemes to manipulate the market and inflate the cost of moving goods,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “The lead defendant’s 11-year prison sentence reflects the serious economic harm inflicted on the business community along the southern border. The Criminal Division will continue to pursue and prosecute those who threaten fair competition and the integrity of our markets.”

    “Today’s sentence reflects the significant danger and harm the American people face from violent and extortive actions aimed at fixing prices and monopolizing the market for essential services in the Texas border region,” said Assistant Attorney General Abigail Slater of the Justice Department’s Antitrust Division. “The Antitrust Division will continue to aggressively pursue violent criminals who aim to corrupt America’s free markets and advocate for their incarceration.”

    “Price fixing is not a victimless crime; it harms customers in the form of artificially high prices. Consumers need to have faith that the prices they pay are fairly determined by the market, rather than the product of illegal collusion,” said U.S. Attorney Nicholas J. Ganjei for the Southern District of Texas. “The 11-year sentence Mr. Martinez received reflects the size and scope of his criminal operation, as well as his leadership role in organizing and facilitating the unlawful scheme.”  

    “All of these defendants used their positions with the TFA to extort hardworking individuals who relied on these services to support their families and livelihood,” said Assistant Director Jose A. Perez of the FBI Criminal Investigative Division. “The FBI is committed to dismantling criminal enterprises that prey on vulnerable communities, and today’s sentencing sends a clear message that those who abuse systems will be found, stopped and brought to justice.”

    “This case underscores the serious threat posed by transnational criminal networks operating at our borders,” said Special Agent in Charge Craig Larrabee of Immigration and Customs Enforcement Homeland Security Investigations (HSI) San Antonio. “Carlos Martinez and his co-conspirators orchestrated a violent scheme that extorted small businesses, fixed prices, and laundered millions of dollars — all while threatening the safety and integrity of lawful commerce. HSI will continue to aggressively pursue those who exploit legitimate industries through corruption and intimidation, and we remain steadfast in our mission to protect our communities and our economy.”

    Individuals in the industry who were not part of the conspiracy were forced to join and pay into The Pool or face financial and violent consequences. Martinez and other members enforced the rules by monitoring whether forwarding agencies were charging the agreed-upon prices and whether the forwarder was making payments to The Pool.  

    Martinez and some of his co-defendants also conspired to force forwarding agencies to pay other extortion fees, including a “piso” for every transaction processed as well as a “fine” for operating in the market outside of Pool rules. Martinez and his co-defendants intimidated, coerced, and used threats and acts of violence in furtherance of the antitrust and extortion conspiracies.

    Martinez was responsible for collecting at least $9.5M in extortion payments. Cash obtained from the extortions was laundered through bank accounts controlled by Martinez and his family, with the cash deposits disguised to hide the nature, source, ownership, and control of the dirty money.

    Martinez is the son-in-law of the former leader of the Gulf Cartel in Mexico, a violent criminal syndicate that operates at the U.S.-Mexico border and elsewhere. Martinez took control of  Los Indios Bridge and employed individuals who worked to track TFA transactions to calculate the piso owed by each forwarding agency. Pool and piso payments were made in cash to the individuals working for Martinez. Martinez ordered disciplinary actions against those operating in the transmigrante market without permission, those who violated Pool rules, those who did not charge the fixed prices, and those who did not pay the piso. Disciplinary actions could include clients not being allowed to cross Los Indios Bridge, cars being stolen, or more serious repercussions such as kidnappings, beatings, firebombings, shootings, and murder.

    Carlos Martinez pleaded guilty in February  to conspiracy to illegally fix prices and allocate the market for TFA services, conspiracy to monopolize the transmigrante market, conspiracy to interfere with commerce by extortion, interference with commerce by extortion, and money laundering conspiracy. The government will also seek forfeiture of at least one house, luxury vehicles, a boat, and expensive watches.

    Prior to Martinez’s sentencing, his co-defendants were sentenced as follows:

    Carlos Yzaguirre, 66, of McAllen, Texas, was sentenced to two years in prison, after pleading guilty to conspiracy to interfere with commerce by extortion.

    Sandra Guerra Medina, 70, of Rancho Viejo, Texas, was sentenced to eight months of home detention, after pleading guilty to conspiracy to illegally fix prices and allocate the market for TFA services and conspiracy to monopolize the transmigrante market.

    Juan Hector Ramirez Avila, 59, a citizen of Mexico, was sentenced to time served, after pleading guilty to one count of structuring a financial transaction to evade reporting requirements.

    Jose Tapia, Mireya Miranda, Pedro Calvillo and Roberto Garcia Villarreal pleaded guilty and are awaiting sentencing. Three other defendants, Rigoberto Brown, Miguel Hipolito Caballero Aupart, and Diego Ceballos-Soto, were also charged in the superseding indictment and remain fugitives.

    The Court will determine the final restitution amount owed to victims of the conspiracies at a hearing set for Sept. 3, 2025. 

    Immigration and Customs Enforcement Homeland Security Investigations and the FBI investigated the case.

    Trial Attorney Christina Taylor of the Criminal Division’s Violent Crime and Racketeering Section; Senior Litigation Attorney John Davis and Trial Attorneys Brittany E. McClure, Anne Veldhuis, and Michael G. Lepage of the of the Antitrust Division; and Assistant U.S. Attorney Alexander L. Alum for the Southern District of Texas prosecuted the case.

    Anyone with information in connection with this investigation should contact the HSI Tip Line at 866-347-2423; the FBI Tipline at tips.fbi.gov, or by contacting the FBI San Antonio Field Office at 210-225-6741; or the Antitrust Division’s Complaint Center at 888-647-3258, or visit http://www.justice.gov/atr/report-violations.

    MIL Security OSI –

  • MIL-OSI Analysis: What family firms like Rothschild can teach Canadian businesses about resilience

    Source: The Conversation – Canada – By Liena Kano, Professor, Haskayne School of Business, University of Calgary

    The Gunnersbury Estate, which was purchased by merchant and financier Nathan Mayer Rothschild in 1835, is seen in London in 2022. (Shutterstock)

    Family businesses constitute a vital component of Canada’s economic landscape. They make up 63 per cent of privately held firms, employ nearly seven million people and generate about $575 billion a year.

    While Canadian family-run businesses express international ambitions, their overseas engagement tends to be more conservative compared to their non-family counterparts.

    In today’s turbulent economic environment — marked by geopolitical tensions, technological disruption and shifting trade patterns — international competitiveness is more important than ever.

    Around the world, family firms have shown remarkable resilience in the face of external shocks. Some of the world’s longest-standing corporations are family-owned, having endured world wars, revolutions, natural disasters and pandemics. For Canadian family firms aspiring to expand abroad, such examples offer both inspiration and insight.

    Among such long-standing multinationals is Rothschild, a centuries-old European family-run investment bank. Our case study of Rothschild, based on historical analysis, highlights how the family’s enduring relationships, reliable routines and long-term goals gave it significant advantages in international business.

    At the same time, however, families can contribute unique biases, especially “bifurcation bias” — a tendency to favour family resources over equally or more valuable non-family ones. Our study reveals that bifurcation bias can compromise a firm’s international trajectory, especially in distant and complex markets.

    A brief history of Rothschild

    Mayer Amschel Rothschild was a German-Jewish banker and the founder of the Rothschild banking dynasty.
    (Wikimedia Commons)

    Initially a merchant business, the firm was founded in the late 18th century by Mayer Amschel Rothschild, a Frankfurt Jew.

    Rothschild and his wife, Guttle, had 10 children, including five sons: Amschel, Salomon, Nathan, Carl and James.

    In 1798, Rothschild sent Nathan to Manchester, England, which initiated the firm’s growth in that country and a transition from merchant operations to financial transactions.

    By the 1820s, Rothschild became a multinational bank, with Amschel, Salomon, Nathan, Carl and James leading banking houses in Frankfurt, Vienna, London, Naples and Paris, respectively.

    Bonuses and burdens of family bonds

    Nathan Mayer Rothschild was sent to Manchester in 1798.
    (Wikimedia Commons)

    In the 19th century, the Rothschild’s strategy of relying on family members initially worked well for the firm.

    The five Rothschild brothers corresponded in a coded language and shared a common pool of resources at a time when shared balance sheets were uncommon in international banking.

    Their close familial bonds allowed the brothers to move information, money and goods across international borders with a speed and reach that wasn’t accessible to competitors. Rivals, by contrast, had to worry about protecting sensitive information and enforcing commitments.

    This internal cohesiveness safeguarded the Rothschild’s business, facilitated transactions and allowed them to maintain resilience through the periods of significant political upheaval: the Napoleonic wars, revolutions and, ultimately, the First World War, which interrupted economic and social progress in Europe.

    However, this same over-reliance on family became a disadvantage when Rothschild expanded into the United States.

    Missed opportunity and bifurcation bias

    The Rothschilds showed an interest in the American market as early as the 1820s. However, their repeated attempts to send family members to the U.S to expand operations failed, as none were willing to stay, preferring the comforts of European life.

    August Belmont was a German-Jewish immigrant to New York City in 1837 as an agent of the Rothschild bank in Frankfurt.
    (Shutterstock)

    Since they were unable to establish a family-based anchor in the country, the Rothschilds appointed an agent, August Belmont, to run the U.S. operations on their behalf in 1837.

    However, Belmont wasn’t given the authority to exercise entrepreneurial judgment, make investments or enter into deals. He also didn’t have unrestricted access to capital, was never entrusted with an official Rothschild mandate or acknowledged as a full-fledged partner.

    The Rothschilds were unwilling to delegate such decisions to someone who was not a direct male descendant of the founder, Mayer Amschel Rothschild.

    This failure to use Belmont as a link between the family — with its successful experiences, capabilities, routines and connections in Europe — and the American market — with its growing opportunities and the valuable networks Belmont had begun to develop — ultimately prevented Rothschild from replicating its success in the U.S.

    The Rothschilds were eventually eclipsed by the Barings and JP Morgan banks in America. Both competitors followed a different path in the market by opening full-fledged U.S. subsidiaries under their corporate brands with significant funds and decision-making autonomy.

    Escaping the trap of bifurcation bias

    Bifurcation bias does not always have an immediate negative impact. In fact, biased governance practices remained inconsequential for the Rothschilds — as long as there were enough capable family heirs available to lead the bank’s dispersed operations.

    In the short- to medium-term, the family’s connections, time-tested routines and mutual reliability built a well of resilience that sustained the bank through the 19th century, one of the most volatile political periods in European history.

    But as a firm’s international ambitions outgrow the size of the family, bifurcation bias can damage competitiveness, both in international markets and at home.

    At some point, family firms must shift from emotional, biased decision-making to efficient governance systems, which may involve incorporating non-family managers and selecting resources, locations and projects that do not carry emotional significance.

    A Cargill factory building in Wroclaw, Poland in 2020. American business executive William Wallace Cargill founded the Cargill company as an Iowa grain storage business in 1865.
    (Shutterstock)

    Many successful family firms implement tools in their governance systems to detect and eliminate biased behaviour. For instance, family-owned multinationals such as Merck (Germany), Cargill (U.S.) and Tata Group (India) have checks and balances that prevent decision-makers from thinking only in family terms.

    The most successful strategies to safeguard against bifurcation bias invite outside scrutiny into corporate decision-making: appointing non-family CEOs, establishing independent boards, hiring consultants and granting partners decision-making powers.

    Lessons for family firms

    Today, as the global business environment faces arguably unprecedented volatility, firms are seeking to build resilience to survive the turbulence.

    While multi-generational family firms must learn to guard against bifurcation bias to thrive in international markets, their demonstrated ability to withstand external shocks offers valuable lessons for other companies.

    How can non-family firms emulate the Rothschild’s success and longevity? The Rothschild case teaches us the value of having a shared organizational language, setting long-term goals, maintaining stable routines and placing a strong emphasis on brand reputation.

    These strategies can help any company, family-owned or not, build resilience during volatile times.

    Liena Kano receives funding from SSHRC.

    Alain Verbeke receives funding from SSHRC.

    Luciano Ciravegna receives funding from INCAE Business School, where he leads the Steve Aronson Endowed Chair.

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

    – ref. What family firms like Rothschild can teach Canadian businesses about resilience – https://theconversation.com/what-family-firms-like-rothschild-can-teach-canadian-businesses-about-resilience-254279

    MIL OSI Analysis –

  • MIL-OSI USA: Hofood99 Inc Recalls Enoki Mushroom Due to Possible Health Risk

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    June 11, 2025
    FDA Publish Date:
    June 11, 2025
    Product Type:
    Food & Beverages
    Reason for Announcement:

    Recall Reason Description
    Potential Foodborne Illness – Listeria monocytogenes

    Company Name:
    Hofood99 Inc.
    Brand Name:

    Brand Name(s)
    No Brand

    Product Description:

    Product Description
    Enoki Mushrooms

    Company Announcement
    Hofood99 Inc of Brooklyn, NY 11231 is recalling its 200g packages of Enoki Mushroom, because they may be contaminated with Listeria monocytogenes, an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people and others with weakened immune systems. Although healthy persons may suffer only short-term symptoms such as high fever, severe headache, stiffness, nausea, abdominal pain, and diarrhea, Listeria infection can cause miscarriages and stillbirths among pregnant women.
    The recalled Enoki Mushrooms were distributed nationwide in retail stores. The product comes in a 200g, green plastic package marked with UPC Barcode 6 976532 310051 on the back label, distributed by Hofood99 Inc., 21903 56th Ave Oakland Gardens, NY 11364.
    No illnesses have been reported to date in connection with this problem.
    The contamination was discovered after samples were collected from a store in Michigan and subsequent analysis by Michigan Department of Agriculture & Rural Development (MDARD) Laboratory Division revealed the presence of Listeria monocytogenes.
    Consumers who purchased the 200-gram package of Enoki mushrooms are advised to destroy the product immediately or return it to the place of purchase for a full refund. If you have any questions, please contact the company at (917) 756-9833. 9:00 a.m. to 2:00 p.m., Monday to Friday.

    Company Contact Information

    Consumers:
    Hofood99 Inc.
    917-756-9833

    Media:
    Jiajie He
    917-756-9833

    Product Photos

    Content current as of:
    06/11/2025

    Regulated Product(s)

    Follow FDA

    MIL OSI USA News –

  • MIL-OSI USA: Governor Josh Stein Awards High-Speed Internet Projects in 26 Counties, 10,076 Households & Businesses

    Source: US State of North Carolina

    Headline: Governor Josh Stein Awards High-Speed Internet Projects in 26 Counties, 10,076 Households & Businesses

    Governor Josh Stein Awards High-Speed Internet Projects in 26 Counties, 10,076 Households & Businesses
    lsaito

    Raleigh, NC

    Governor Josh Stein today announced more than $58 million in Completing Access to Broadband (CAB) program projects to connect 10,076 households and businesses in 26 counties to high-speed internet.

    “Good partnerships between our counties, the state, and internet providers will connect North Carolinians,” said Governor Josh Stein. “I look forward to continuing to bring high-speed internet to every corner of the state so that people can communicate with family and friends, grow their business, or access telehealth services or educational opportunities.”

    “Bringing high-speed internet to rural North Carolina is a game changer,” said NCDIT Secretary and State Chief Information Officer Teena Piccione. “Thanks to the vision of Governor Stein and our General Assembly, we’re making historic investments to close the digital divide, and more programs are on the way to connect additional communities across the state.”

    These projects will be funded by more than $41 million from the federal American Rescue Plan awarded by NCDIT and individual counties, as well as more than $17 million from the selected broadband providers:

    • Bladen: Connect Holding II, LLC (Brightspeed) This award will provide high-speed internet access to 250 homes and businesses (35.31% of the county’s remaining 458 eligible locations after previous awards).
    • Cabarrus County: Spectrum Southeast, LLC and Windstream North Carolina, LLC These awards will provide high-speed internet access to 1,314 homes and businesses (62.04% of the county’s 2,118 eligible locations).
    • Chatham County: Spectrum Southeast, LLC and Windstream North Carolina, LLC These awards will provide high-speed internet access to 1,037 homes and businesses (26.89% of the county’s remaining 2,850 eligible locations after previous awards).
    • Chowan County: Connect Holding II, LLC (Brightspeed) This award will provide high-speed internet access to 5 homes and businesses (41% of the county’s remaining 12 eligible locations after previous awards).
    • Columbus County: Connect Holding II, LLC (Brightspeed) This award will provide high-speed internet access to 400 homes and businesses (64.62% of the county’s remaining 619 eligible locations after previous awards).
    • Granville County: Connect Holding II, LLC (Brightspeed) This award will provide high-speed internet access to 26 homes and businesses (12.09% of the county’s remaining 215 eligible locations after previous awards).
    • Guilford County: Connect Holding II, LLC (Brightspeed) This award will provide high-speed internet access to 164 homes and businesses (9.65% of the county’s remaining 1,698 eligible locations after previous awards).
    • Halifax County: Connect Holding II, LLC (Brightspeed) This award will provide high-speed internet access to 22 homes and businesses (11.95% of the county’s remaining 184 eligible locations after previous awards).
    • Harnett County: Windstream North Carolina, LLC This award will provide high-speed internet access to 351 homes and businesses (14.09% of the county’s remaining 2,491 eligible locations after previous awards).
    • Henderson County: ERC Broadband, LLC This award will provide high-speed internet access to 521 homes and businesses (11.04% of the county’s 4,718 eligible locations).
    • Hoke County: Connect Holding II, LLC (Brightspeed) This award will provide high-speed internet access to 407 homes and businesses (56.92% of the county’s remaining 715 eligible locations after previous awards).
    • Iredell County: Spectrum Southeast, LLC This award will provide high-speed internet access to 80 homes and businesses (4.94% of the county’s remaining 1,618 eligible locations after previous awards).
    • Johnston County: Spectrum Southeast, LLC This award will provide high-speed internet access to 203 homes and businesses (4.48% of the county’s remaining 4,531 eligible locations after previous awards).
    • Martin County: Connect Holding II, LLC (Brightspeed) This award will provide high-speed internet access to 386 homes and businesses (99.48% of the county’s remaining 388 eligible locations after previous awards).
    • Moore County: Windstream North Carolina, LLC This award will provide high-speed internet access to 481 homes and businesses (18.98% of the county’s remaining 2,533 eligible locations after previous awards).
    • Northampton County: Connect Holding II, LLC (Brightspeed) This award will provide high-speed internet access to 70 homes and businesses (67.30% of the county’s remaining 104 eligible locations after previous awards).
    • Person County: Connect Holding II, LLC (Brightspeed) These awards will provide high-speed internet access to 1,014 homes and businesses (52.02% of the county’s remaining 1,949 eligible locations after previous awards).
    • Randolph County: Randolph Telephone Membership Corporation (Randolph Communications), Spectrum Southeast, LLC and Connect Holding II, LLC (Brightspeed) These awards will provide high-speed internet access to 1,403 homes and businesses (60.14% of the county’s 2,333 eligible locations).
    • Richmond County: Spectrum Southeast, LLC This award will provide high-speed internet access to 110 homes and businesses (14.08% of the county’s 781 eligible locations).
    • Robeson County: Spectrum Southeast, LLC and LREMC Technologies, LLC (Lumbee River Electric Membership Corporation) These awards will provide high-speed internet access to 550 homes and businesses (19.87% of the county’s 2,767 eligible locations).
    • Rockingham County: Connect Holding II, LLC (Brightspeed) This award will provide high-speed internet access to 435 homes and businesses (33.53% of the county’s remaining 1,297 eligible locations after previous awards).
    • Rowan County: Yadkin Valley Telephone Membership Corporation (Zirrus) This award will provide high-speed internet access to 261 homes and businesses (12.45% of the county’s remaining 2,096 eligible locations after previous awards).
    • Scotland County: LREMC Technologies, LLC (Lumbee River Electric Membership Corporation) This award will provide high-speed internet access to 96 homes and businesses (17.84% of the county’s remaining 538 eligible locations after previous awards).
    • Stokes County: Connect Holding II, LLC (Brightspeed) This award will provide high-speed internet access to 82 homes and businesses (9.95% of the county’s remaining 824 eligible locations after previous awards).
    • Surry County: Connect Holding II, LLC (Brightspeed) This award will provide high-speed internet access to 389 homes and businesses (72.43% of the county’s remaining 537 eligible locations after previous awards).
    • Yadkin County: Connect Holding II, LLC (Brightspeed) This award will provide high-speed internet access to 19 homes and businesses (70.37% of the county’s remaining 27 eligible locations after previous awards).

    The CAB program’s procurement process creates a partnership between counties and NCDIT to identify areas that need access, solicit proposals from prequalified internet service providers, and quickly make awards. Awardees must agree to provide high-speed service that reliably meets or exceeds speeds of 100 Mbps download and 100 Mbps upload.

    Governor Stein is committed to providing digital access and opportunity to all North Carolinians. Today’s awards add to the nearly $630 million in Growing Rural Economies with Access to Technology (GREAT) grants and previous CAB projects that will connect nearly 245,000 North Carolina households and businesses to high-speed internet.

    For more information about the NCDIT Division of Broadband and Digital Opportunity, visit ncbroadband.gov.   

    Jun 11, 2025

    MIL OSI USA News –

  • MIL-OSI: 1-Hour Payday Loans with No Credit Check & $100 Guaranteed – A New Feature by Wizzay

    Source: GlobeNewswire (MIL-OSI)

    New York City, NJ, June 11, 2025 (GLOBE NEWSWIRE) —

    Wizzay.com has announced improvements to its web-based lending platform, allowing consumers to obtain 1 hour payday loans through a network of partner lenders. The platform establishes borrowers in contact with direct lender partners who offer payday loans no credit check, guaranteeing same day funding for emergency cash needs. The service responds to increasing consumer demand for expedited access to short-term financial options without conventional credit checks.

    The upgraded platform provides borrowers with loan values between $100 and $5,000, for which approval is usually made available within minutes of request submission. Wizzay is an intermediary service that links customers to lenders who offer payday loan online services and instant approvals for approved customers.

     <<< Start your 1-hour loan request and access guaranteed $100 support >>>

    Wizzay Launches Fast 1-Hour Payday Loan Approval System for Emergency Cash Needs

    Wizzay is an online market that brings buyers and lenders into contact with each other to obtain 1 hour payday loans using automatic approval platforms. The site uses safe technology to link borrowers with suitable lenders depending on eligibility criteria and state laws.

    The platform prioritizes accessibility and speed, with lenders providing participating loan no credit check products that depend on employment verification and income evaluation instead of credit scores. This makes it possible for bad credit borrowers to be able to secure emergency loans as and when they are required.

    Some of the major Wizzay features are:

    • Minute lender matching online
    • 256-bit SSL data encryption
    • Direct deposit funding capabilities
    • State-licensed lender network in several states
    • Mobile-friendly app interface

    The website overcomes typical obstacles in conventional lending by doing away with prolonged approval times and lowering documentation obligations. Consumers can fill out applications online fully without making physical visits or waiting for mail-based correspondence.

    It should be clarified that Wizzay.com is not a direct lender, but an online loan match platform providing access to screened payday lenders.

     <<< Get moving on fast funds—no credit check standing in your way >>>

    How Wizzay Connects Borrowers with Licensed Payday Lenders

    Wizzay.com was created to make it easier to link consumers to lenders to meet urgent money demands. The website is an intermediary that makes connections between borrowers and partner lenders who provide payday loan services.

    The business is based on a technology-oriented model that simplifies the application process as well as approval. Instead of being a direct lender, Wizzay has partnerships with licensed lenders who actually offer real loan products and services to consumers.

    Wizzay’s network consists of lenders that are specialized in different products of loans, such as:

    • Short-term payday loans
    • No credit check loans
    • Same day funding opportunities
    • Small dollar loans ranging from $100 to $5,000
    • Emergency cash advances

    The system handles applications via secured online forms that gather required borrower details for lender consideration. Applications after submission are forwarded to suitable lenders within the network depending on borrower location and the type of loan sought.

    The firm indicates that it processes thousands of loan requests every month, most of which are approved applications getting funded within 24-48 hours of approval. Wizzay is in continuous compliance with all relevant state and federal regulations covering online lending marketplaces.

    Wizzay Streamlines 1 Hour Payday Loan Process

    Working through a streamlined process aimed at reducing the application time without compromising security standards:

    • Application Process: Borrowers fill out one online application with minimal personal and financial data, such as employment history and banking details.
    • Lender Matching: Wizzay’s technology instantly assesses applications against lender requirements in its network based on borrower location and loan amount sought.
    • Approval Timeline: Lenders participating in Wizzay generally respond with approval or denial within hours of receipt.
    • Funding Process: Disbursing parties issue loan agreements to approved borrowers directly from the matched lender, with funds deposited usually through direct deposit into the borrower’s checking account.

     <<< Take the first step toward urgent cash with a 60-minute turnaround >>>

    Wizzay’s 1 Hour Payday Loans Online Feature With No Credit Check & Instant Approval

    The 1 hour payday loans online no credit check instant approval aspect responds to the needs of borrowers for quick financial support without standard credit checks. Participating lenders in the Wizzay network make use of different verification processes instead of traditional credit checks.

    1. Alternative Verification Methods

    Lenders emphasize employment validation and income stability over credit score evaluation. This method allows for the qualification of borrowers who do not qualify through standard credit-based lending. The validation process normally involves:

    • Employment validation
    • Bank account confirmation
    • Income documentation confirmation
    • Procedures for identification verification
    1. Instant Approval Process

    The instant approval system runs on automated underwriting that compares applications against pre-set measures. Approval is given quickly, with most borrowers getting back within minutes of application.

    The lenders use technology-based scoring tools, which review employment history, income patterns, and bank relationships, in order to gauge loan eligibility. This eradicates the need for manual underwriting evaluations that have a tendency to prolong approval timelines.

    How Wizzay Provides 1 Hour Payday Loans No Credit Check Alternatives

    Instead of conducting standard credit checks, direct lenders use income verification instead of credit history evaluation. This approach is centered on borrower repayment capability in terms of current financial conditions and not previous credit behavior.

    The method favors borrowers who have unfavorable credit histories or do not have established credit profiles. Lenders are able to conduct soft credit inquiries that don’t affect credit ratings, while staying away from hard credit checks that are reflected in credit reports.

     <<< See how simple emergency help can be with Wizzay’s newest feature >>>

    Wizzay Makes No Credit Check 1 Hour Payday Loans Accessible for All Borrowers

    No credit check 1 hour payday loans with Wizzay offer emergency funds access to borrowers who encounter difficulty in conventional credit-based lending. The service is accommodating to several types of borrowers, including those with bad or poor credit or with a short credit history.

    Borrower Eligibility:

    Intermediary lenders set up eligibility based on working financial capability in preference to credit history. Common requirements are:

    • Minimum age of 18 years
    • U.S. permanent residency or citizenship
    • Sustained employment for a minimum period of 90 days
    • Gross monthly income of around $1,000
    • Active checking account under borrower’s name
    • Valid contact information

    Benefits for Bad Credit Borrowers:

    The no credit check strategy presents chances for bad credit borrowers to acquire emergency cash. These are people with earlier bankruptcies, late payments, or other credit issues that normally lead to conventional loan rejections.

    Subprime borrowers with poor credit can receive payday loan approvals by income and employment verification instead of credit history. This practice increases access to financial services for traditionally underserved segments of borrowers.

    Wizzay’s Guaranteed $100 Loan No Credit Check Serves as Emergency Safety Net

    The assured $100 loan no credit check facility offers a minimum funding level for borrowers experiencing minor-scale financial emergencies. This facility covers typical scenarios such as electricity bill payments, doctor copayments, car repairs, and overdraft protection.

    The lower loan size tends to come with easier approval procedures and quicker approval rates. The majority of loans come with repayment schedules at the borrower’s subsequent payday, resulting in predictable payment schedules.

     <<< Secure your $100 payday solution without worrying about your credit >>>

    More About Wizzay’s Same Day Pay Day Loans Feature

    Same day pay day loans offer quick access to urgent funding for applicants who require instant monetary help. Member lenders provide same day funding for applications received within business hours with documentation completed.

    The online same day payday loan service is carried out exclusively over digital platforms, removing the need for physical paperwork. Successful borrowers get money deposited directly into their respective bank accounts, usually done within hours of approval.

    Wizzay’s Payday Loans Online Same Day Platform Ensures Security & Speed

    Online payday loans same day via Wizzay provide convenience alongside extensive security features. The site has industry-standard security features such as 256-bit SSL encryption for transmitting data and secure server infrastructure for storing information.

    24/7 availability of online applications facilitates application submission anytime, and processing initiation during business hours. Electronic applications eliminate geographical restrictions and instant confirmation of receiving the application.

    Why Wizzay Has Become a Go-To Platform For Payday Loans Online Same Day Guaranteed Approval

    Wizzay’s place in the online lending market is based on its emphasis on matching borrowers with suitable lenders in a streamlined manner. The platform solves everyday consumer pain areas in conventional lending while upholding required security and compliance standards.

    1. Platform Benefits:

    The Wizzay platform has several operational benefits, which work in favor of borrowers and lender participants alike:

    • Single application for multiple lender consideration
    • Automated qualification-based matching
    • Clear fee and term disclosure
    • Secure data handling and transmission
    • Customer support services with prompt response
    1. Lender Network Quality:

    Wizzay has relationships with licensed lenders who adhere to governing state and federal laws. The network consists of lenders that have expertise in different types of loan products and borrower profiles.

    The criteria for selecting lenders are their licensing status, compliance history with regulations, and service quality measures. The screening procedure ensures borrowers get connected to quality lending partners.

    1. Technology Integration:

    The technology infrastructure of the platform supports effective application processing and lender matching. Computerized systems perform mundane functions while ensuring human control for sophisticated applications.

    Regular system updates enhance platform performance and security features. The system evolves according to shifting regulatory needs and market standards.

     <<< Begin your application now—quick approval, no added stress >>>

    Ideal Candidates Who Benefits the Most from Wizzay’s 1 Hour Payday Loans Service

    1 hour payday loans cater to borrowers experiencing short-term finance shortfalls and require quick access to emergency finance. Typical situations involve unplanned medical bills, car repair, payment of utility bills, and short-term income interruption.

    The service caters to borrowers who are not eligible for bank loans because of credit history or income, such as those with no credit history, past credit difficulties, or irregular income cycles.

    How Wizzay’s Online Payday Lenders Differ from Traditional Credit Providers

    Online payday lenders are quite different from traditional credit providers in the way they lend and approve credit. Traditional credit providers usually demand extensive credit analysis and heavy documentation checks, which may take days or even weeks.

    Online payday lenders are interested in recent income and employment verification as opposed to comprehensive credit evaluation, allowing for quicker approval decisions within minutes in most cases. This efficient process lessens paperwork requirements and opens up access to borrowers who may have credit issues.

     <<< Explore Wizzay’s 1-hour cash option designed for speed and ease >>>

    Wizzay’s Simplified Application & Repayment Process

    The process starts with straightforward information gathering via a single online application form. Verification processes involve confirmation of employment and verification of income, and approved borrowers receive direct contact from matched lenders.

    Automated repayment via ACH transfer from the borrower’s bank account is offered by most lenders to prevent tardy payments and minimize the possibility of late charges. Certain lenders may provide loan extensions for borrowers that experience payment challenges.

    How Wizzay Supports Borrowers with Bad Credit

    Wizzay’s model for catering to borrowers with poor credit is informed by an understanding that credit history might not accurately reflect financial capability at the moment. The website matches such borrowers with lenders who apply different evaluation criteria based on stability of employment and income levels.

    Non-traditional evaluation techniques prioritize active employment confirmation and earnings stability in place of credit record, offering prospects to loan applicants who have recovered since earlier credit hardships.

    Wizzay’s Commitment to Data Privacy & Borrower Protection

    Wizzay has robust data security procedures in place to protect borrowers’ information across the application process. All data transfer is implemented with 256-bit SSL encryption, offering bank-grade security for personal details.

    The site discloses borrower data only to participating lenders for loan consideration and is in compliance with relevant federal and state laws related to online lending and data security.

     <<< Need a quick boost? This feature delivers when time matters most >>>

    Wizzay’s Legal & Financial Responsibility Framework 

    Wizzay is an intermediary service that connects borrowers and lenders, with real loan conditions decided by specific lending partners. Participating lenders have responsibility for loan conditions, interest rates, charges, and collection policies within their own licensing frameworks.

    Payday loan regulations are state-specific, and the borrowers must know their state’s individual regulations. Borrowers must know the terms and conditions of the loan and the repayment terms before any loan is accepted.

     <<< Start your 1-hour loan request and access guaranteed $100 support >>>

    Conclusion – Wizzay’s 1 Hour Payday Loan Online Platform Now Available to Consumers

    Wizzay’s upgraded system allows seamless access to 1 hour payday loans from its partner lenders with expertise in quick approval and funding on the same day. The service responds to the need of consumers for emergency cash relief through alternative verifications to open up access for multiple borrower types.

    Through safe technology and computerized matching programs, Wizzay effectively matches borrowers with suitable lenders according to unique situations and state laws. The service offers loan amounts ranging from $100 to $5,000 with clear terms and safe processing.

    More information on 1 hour payday loans and the application process can be found by visiting Wizzay.com to start applying for a loan.

    Media Details:
    https://www.wizzay.com
    support@Wizzay.com
    Customer Acquisition LLC, Springates Building, Lower Government Road, Charlestown,

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    The MIL Network –

  • MIL-OSI: $500 Loan for Bad Credit with No Credit Check & Same-Day Approval – A New Launch from Low Credit Finance

    Source: GlobeNewswire (MIL-OSI)

    New York City, June 11, 2025 (GLOBE NEWSWIRE) — Financial crises impact millions of Americans each year, too often leaving people with poor credit choices navigating for instant funding alternatives. Low Credit Finance, an online lending marketplace, has created a $500 loan product tailored to subprime borrowers who have poor credit records. The product takes advantage of the increased need for affordable emergency lending among consumers who do not qualify for conventional bank loans.

    The company functions on an online application process that brings borrowers into contact with prospective lenders in their network. Such a system seeks to simplify the lending process while offering solutions to individuals who have traditionally been denied services by mainstream financial institutions.

    >>> Start Your 60-Minute Loan Request – Same-Day Cash for Bad Credit <<<

    Low Credit Finance Launches $500 Loan Solution Targeting Bad Credit Borrowers

    The $500 loan program resulted from studies that showed most American consumers do not have access to emergency financing when they encounter surprise expenses. Federal Reserve statistics show that about 40% of Americans would be unable to afford a $400 surprise expense without going into debt or selling assets.

    Low Credit Finance identified this financing gap within the financial services sector and created their platform to cater to borrowers who might have:

    • Credit scores lower than 600
    • Short credit history
    • History of past financial struggles
    • Unpredictable income cycles
    • Recent foreclosure or bankruptcy

    The method of the platform is to match such borrowers with lenders that deal in subprime financing and thus increase access to emergency loans for people who would otherwise be rejected by conventional banks.

    Growing Demand Drives Americans to Low Credit Finance for Emergency 500 Dollar Loans

    Financial insecurity and surprise bills have driven greater demand for alternative lending. The platform has noticed more interest in emergency loans for a range of reasons, such as medical expenses, car repairs, and electricity bills.

    Some reasons behind the trend:

    • Traditional banks usually demand extensive paperwork and lengthy processing times
    • Credit unions could have membership conditions that disqualify some borrowers
    • Payday loans are available but tend to have high charges and short repayment periods
    • Online platforms provide quicker application times and decision time

    The trend toward online lending platforms mirrors larger shifts in consumer banking behavior, with people opting for online applications rather than face-to-face banking trips for smaller loans amounts like 500 dollar loans.

     >>> Emergency Expense? Secure $500 Today Without Hassle <<<

    About Low Credit Finance’s – A Streamlined Platform Offering $500 Loans & More

    A Low Credit Finance Loan of $500 is a short-term loan suitable for unexpected expenses. The loan site acts as an intermediary, matching borrowers with lenders within their network who might be interested in lending even with bad credit records.

    The most notable features of these loans are the following:

    • Up to a certain amount of $500 for the loan amount
    • Online application
    • Possible funding within a day
    • Repayment terms usually for one to several months
    • Interest rates and fees set by individual lenders

    The loans are not secured, i.e., borrowers are not required to give collateral. However, lenders assess applications on the basis of income verification, employment status, and other parameters other than conventional credit scores.

    How Low Credit Finance’s $500 Loan No Credit Check Process Works

    Low Credit Finance is not a lender itself but a loan matching service. The website brings borrowers in touch with a network of lenders who are experts in lending money to people who have less than perfect credit profiles.

    The “no credit check” feature pertains to the website’s practice of not asking for a hard credit check at the time of the initial application. Individual lenders in their network, however, may ask for their own credit checks as part of their underwriting processes.

    The business model of the platform includes:

    • Gathering borrower data via online loans
    • Matching borrowers with suitable lenders according to their profiles
    • Providing the bridge between the borrowers and the prospective lenders
    • Offering a unified platform to handle loan requests

    This framework enables the platform to accommodate subprime borrowers who may not gain access to bank loans and link them with expert lenders who are familiar with subprime lending markets.

    Low Credit Finance’s Simplified $500 Loan Application Process

    Low Credit Finance’s application process is a streamlined online process that helps reduce complexity and time taken to process. Borrowers go through their applications online without making visits to physical offices.

    • Initial Application

    Applicants enter standard personal data, such as name, address, work information, and proof of income. The initial application form usually is filled out in 5-10 minutes.

    • Application Review

    The system of the platform processes applications submitted and tries to match borrowers with suitable lenders within its network according to the information given.

    • Lender Connection

    When a potential candidate is found, the borrower’s data are sent to the lender for further evaluation. Several lenders may consider the same application.

    • Approval Decision

    Each lender approves or rejects borrowers individually based on their own criteria and risk assessment processes.

    Once approved, borrowers are funded by direct deposit, usually within a business day of approval.

    The entire process, from the submission of application to funding, may be done within 24 hours subject to lender availability and approval decisions.

     >>> Quick $500 Loans – No Banks, No Collateral, No Delays <<<

    Key Advantages of Low Credit Finance’s $500 Loans for Poor Credit Borrowers

    The loan program of the platform provides a number of benefits to borrowers who have poor credit records but require emergency money:

    • Accessibility

    Convenience of online application removes geographical constraints and enables borrowers to apply from anywhere where they have internet connectivity. This is especially useful for people living in rural communities that have restricted access to conventional banking facilities.

    Digital processing greatly shortens the period from application to funding in comparison to bank loans that can take weeks for approval.

    • Flexible Qualification Criteria

    The lenders within the network can look at factors other than credit rating, such as job history, income stability, and debt-income ratio.

    • No Collateral Requirements

    Since they are unsecured loans, borrowers have no risk of losing personal assets in case of repayment issues.

    • Transparent Process

    The site offers transparent disclosure of the process to apply and brings borrowers and lenders together directly for discussions on the loan term.

    Low Credit Finance Offers Instant Online Loans with Guaranteed Approval

    Though Low Credit Finance assures quick processing of a loan, it should be noted that approval is never guaranteed. The network of lenders on the platform has its own individual underwriting criteria and makes separate approval judgments.

    The use of the word “instant” does not imply guaranteed acceptance but denotes the rapidity of the application and possible funding timeline. The following can be factors affecting approval determinations:

    • Confirmed sources of income
    • Stability of employment
    • Outstanding debt commitments
    • History with a bank
    • State-by-state lending statutes

    Every lender within the network retains authority for their criteria of approval, and borrowers can be offered terms and interest rates by multiple lenders whose offers vary.

     >>> Don’t Wait – Access Fast Funds With Just Proof of Income <<<

    Low Credit Finance Serves Emergency Loan Needs with Fast $500 Solutions

    Emergency needs typically demand immediate financial remedies, and Low Credit Finance has designed its platform to meet timely funding demands. The online application process and network of expert lenders facilitate quicker processing than conventional financial institutions.

    Typical emergency circumstances that can qualify for $500 loans include:

    • Unplanned medical costs not reimbursed by insurance
    • Car repairs essential for work transportation
    • Household maintenance issues that need to be addressed quickly
    • Payment of utility bills to avoid service shutdown
    • Emergency travel loans for family emergencies

    The speed emphasis of the platform enables borrowers to respond to immediate financial requirements as they continue pursuing long-term financial planning options.

    Ideal Candidates for Low Credit Finance $500 Loan Applications

    The $500 loan initiative by Low Credit Finance is aimed at particular borrower profiles that could be in need of short-term emergency financing. The best applicants are usually individuals with:

    1. Poor Credit Histories

    Borrowers with credit scores less than 600 or those experiencing current financial hardship might discover that conventional loans are not readily available.

    1. Require Emergency Financing

    Require unexpected costs and do not have the savings to meet ongoing needs.

    1. Maintain Stable Income Streams

    Though there may be bad credit, verifiable income ensures lenders understand repayment potential.

    1. Are Aware of Short-Term Loans

    Borrowers who demonstrate that these loans are not for sale as ongoing financing solutions but instead for filling short-term gaps.

    1. Are Able to Repay Within the Stipulated Terms

    Prudent borrowers who have weighed their capacity to satisfy payment commitments without placing further financial pressures.

    Popular Applications for Low Credit Finance $500 Emergency Loans

    Small-dollar loans like these are widely applied to sudden, everyday expenses. According to platform trends and consumer behavior, typical applications include:

    • Emergency medical or dental visits
    • Car repairs or towing
    • Payment of utility or telephone bills
    • Supplemental rent
    • Travel or transportation during emergencies

    Borrowers are motivated to utilize funds prudently and confirm whether they can repay under agreed terms.

    Technology Behind Low Credit Finance’s Online Loan Platform

    The Low Credit Finance platform functions through a hi-tech digital infrastructure intended to match borrowers with suitable lenders in an efficient manner. The platform leverages technology to simplify the historically complicated lending process.

    • Platform Architecture

    The site uses secure encryption methods to safeguard borrower data throughout the application process. Data transmission is conducted in accordance with industry security practices.

    • Lender Network Management

    The site has relationships with various lenders that operate in subprime lending markets. The network model maximizes the chance of accessing appropriate funding sources for borrowers.

    • Application Processing System

    Computerized systems scan applications and find possible matches according to borrower profiles and lender requirements. The technology decreases processing time and increases efficiency.

    • Customer Support Infrastructure

    The site offers customer service support to assist borrowers through the application process and inform them of their choices.

     >>> Need Cash Fast? $500 Could Be in Your Account by Tomorrow <<<

    How Low Credit Finance Differs from Payday Lenders in Bad Credit Loans

    Although both Low Credit Finance and $500 dollar loan payday lenders cater to bad credit borrowers, their strategies and structures vary greatly:

    • Loan Structure

    Payday lenders generally issue short-term loans with repayment on the borrower’s upcoming payday, typically in about two weeks. Low Credit Finance matches borrowers with lenders who might provide more favorable payment terms.

    • Fee Structure

    Payday lenders typically have flat fees per loan amount, meaning they can lead to very high annual percentage rates. Low Credit Finance’s network of lenders will potentially have differing fee structures based on the individual lender.

    • Application Process

    Payday lenders tend to necessitate physical trips to storefronts, whereas Low Credit Finance is conducted entirely online, which will be more convenient and accessible.

    • Regulatory Compliance

    The site operates under federal and state loaning laws, although payday loaning laws differ considerably by state and could contain controls or bans.

    • Business Model

    Low Credit Finance is a matching service instead of an immediate loaner, giving borrowers several potential possibilities instead of one loan opportunity.

    Low Credit Finance Prioritizes Safety and Speed in Subprime Lending

    Ease of use and safety are primary design concerns for Low Credit Finance. Low Credit Finance offers a secure, encrypted online space for the transfer of sensitive borrower data.

    Protective measures and practices include:

    • Adherence to data protection legislation
    • No fees or unsolicited telephone calls to apply
    • Utilization of soft credit pulls where appropriate

    The platform serves subprime borrowers through exposure to lenders willing to accept lower credit limits.

    Low Credit Finance’s Features Giving It A Competitive Edge in Bad Credit Loan Market

    Several features set Low Credit Finance apart in the alternative lending space:

    • Network Approach

    Instead of dealing with a single funder, the platform brings borrowers together with several prospective funders, raising odds of approval.

    • Specialization in Subprime Lending

    The platform targets exclusively borrowers with bad credit, building experience within this niche market.

    • Technology Integration

    Computerized processes minimize paper and processing time and enable 24/7 application availability.

    • Transparency

    The website offers transparent information regarding the process and links borrowers with lenders for term loan negotiations.

    • No Upfront Fees

    Borrowers are able to apply for loans without paying application charges or fees prior to loan offers.

     >>> No Credit Score? No Problem. Get $500 in 24 Hours or Less<<<

    Final Thoughts: Low Credit Finance Provides a Lifeline for Low Credit Borrowers

    With financial constraints building up across all income levels, sites such as Low Credit Finance present an alternate path to capital for those with restricted credit access. The $500 loan product, while small in value, can potentially bring temporary rescue funds at urgent financial junctures.

    Borrowers are cautioned to use such sites prudently, with complete understanding of their terms and repayment conditions. These loans are not a long-term option, but they can act as a short-term bridge for those going through financial uncertainty with limited traditional lending available.

    Media Details:
    Company: Low Credit Finance
    Full Company Address: 102 W Service Rd, Apt: 820, Champlain, NY 12919
    Company Website: https://lowcreditfinance.com/
    Contact Person: David C. Hans
    Official Email ID: David.hans@lowcreditfinance.com

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    The MIL Network –

  • MIL-OSI USA: Bipartisan Casten Pilot Mental Health Bill Passes House Transportation Committee

    Source: United States House of Representatives – Representative Sean Casten (IL-06)

    June 11, 2025

    Washington, D.C. — Today, the House Committee on Transportation and Infrastructure voted to approve the Mental Health in Aviation Act, bipartisan legislation introduced and championed by U.S. Congressmen Sean Casten (IL-06) and Pete Stauber (MN-08).

    “Current Federal Aviation Administration regulations perpetuate a culture of silence and unfairly penalize aviators who seek mental health care,” said Rep. Sean Casten. “My bipartisan bill with Rep. Pete Stauber bolsters access to mental health care for pilots and air traffic controllers and requires the FAA to eliminate significant barriers to care. These commonsense changes will help aviators get help if and when they need it. I’m proud to see this legislation advance through the committee.”

    “If we don’t change how we handle mental health in aviation, we will exacerbate a culture of silence,” said Rep. Pete Stauber. “We want our pilots and our air traffic controllers to be at the top of their game, and taking care of their mental health is critical to achieving that goal. I am grateful that the Mental Health in Aviation Act passed out of Committee, and I look forward to championing the bill through to the finish line. When we reduce barriers to mental health care, we keep our skies safe for the flying public.”

    Currently, pilots and air traffic controllers who seek mental health care are unfairly penalized by a system that perpetuates a culture of silence. While aviation professionals are mandated to report if they seek mental health care, once they take that step, they are faced with delays, confusion, and overbroad regulation in the process of returning to work. This often means that relatively minor mental health concerns result in long wait times and derailed careers for safe and well-trained pilots and air traffic controllers.

    In December 2023, the FAA recognized the need to reform its current policies and established the ARC to identify barriers to mental health care for aviators and present recommendations to the FAA to address these challenges. The ARC coalesced around a list of 24 recommendations to eliminate some of the main barriers to care.

    The Mental Health in Aviation Act requires the FAA to take the following steps:

    Regulations for Individuals Carrying Out Aviation Activities

    • To the extent practicable and in consultation with stakeholders, implement the recommendations of the ARC within two years. Provide explanation to Congress if the FAA chooses not to implement any recommendation.
    • Report to Congress on its plans to implement recommendations to improve pilot mental health care from the National Transportation Safety Board, and a description of relevant clinical studies, manuals, and other protocols.

    Annual Review of Mental Health Special Issuance Process

    • Annually review and update process related to mental health-related special issuance for pilots and air traffic controllers to: reclassify and approve the use of additional medications, improve mental health knowledge and training to Aviation Medical Examiners, as appropriate defer additional authority to Aviation Medical Examiners, and improve the special issuance process; and report to congress. 

    Authorization of Appropriation for Additional Medical Examiners

    • Authorizes $13.74 M for each of the next three years to recruit and train additional Aviation Medical Examiners and fund and expand capacity in the Flight Surgeon’s Office.

    Public Information Campaign

    • Authorizes $1.5M for each of the next three years to destigmatize mental health care among aviators, and make pilots and air traffic controllers aware of available services to help.
    • Report to Congress.

    Text of the Mental Health in Aviation Act can be found here.

    Rep. Casten began working on the issue following two different local families approaching him with stories of losing adult children in flight school to suicide. In one particular case, the student pilot lamented how seeking mental health care could ruin his dreams of becoming a pilot.

    The legislation is endorsed by the Pilot Mental Health Campaign,  Air Line Pilots Association, Airlines for America, the National Air Traffic Controllers Association, National Flight Training Alliance, the National Business Aviation Association, and NetJets Association of Shared Aircraft Pilots (NJASAP).

    If you or someone you know is struggling, there are resources to help you. Call or text 988 to connect with a trained professional and receive support 24/7.

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    MIL OSI USA News –

  • MIL-OSI USA: Durbin, Waters Introduce CLASS Act To Give Students Cheated By For-Profit Colleges Their Day In Court

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin
    June 11, 2025
    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL) and U.S. Representative Maxine Waters (D-CA-43) today reintroduced bicameral legislation designed to strengthen students’ ability to hold for-profit colleges accountable in court for their misconduct.  The Court Legal Access and Student Support (CLASS) Act would enhance accountability for for-profit colleges and safeguard taxpayer dollars by prohibiting an institution of higher education from receiving Title IV federal student aid if the school’s enrollment agreement requires mandatory arbitration or otherwise restricts students’ ability to pursue claims against the school in court.
      
    “For decades, for-profit colleges have used the fine print in student enrollment agreements to force students to give up their rights to go to court over the predatory behavior of these institutions,” said Durbin.  “Students should have the right to hold for-profit colleges responsible for defrauding them in court.  I’m reintroducing the CLASS Act with Congresswoman Waters to end the for-profit college industry’s ability to use this shady practice to evade accountability.”
    “I am proud to reintroduce the CLASS Act with Senator Durbin to hold predatory for-profit colleges accountable when they defraud students,” said Waters, the Ranking Member of the Financial Services Committee.  “The for-profit college industry is rife with bad actors that lure potential students into expensive academic programs, while knowingly and fraudulently misrepresenting the quality of the programs.  These unscrupulous schools then use mandatory arbitration clauses to prevent students from taking them to court, thereby shielding themselves from being held responsible for wrongdoing.  Our legislation will ensure that defrauded students retain the right to sue predatory schools and have their day in court.”
    Specifically, the CLASS Act would enhance the accountability of for-profit colleges and safeguard taxpayer dollars by:
    Prohibiting an institution of higher education from receiving federal student aid if the school’s enrollment agreement requires mandatory arbitration or restricts students’ ability to pursue claims against the school in court;
    Ensuring that the Federal Arbitration Act, which governs the enforcement of arbitration proceedings, would not apply to student enrollment agreements;
    Taking effect one year after enactment to allow schools to make any necessary changes; and
    Exempting legitimate non-profit colleges and universities because these institutions do not include mandatory arbitration clauses in their enrollment agreements.  The CLASS Act thus squarely focuses on schools that might seek to profit off of students while hiding from accountability in a court of law.
    Along with Durbin, the CLASS Act is cosponsored by U.S. Senators Richard Blumenthal (D-CT), Jack Reed (D-RI), Ed Markey (D-MA), Elizabeth Warren (D-MA), Mazie Hirono (D-HI), John Fetterman (D-PA), Sheldon Whitehouse (D-RI), Cory Booker (D-NJ), Chris Van Hollen (D-MD), Ron Wyden (D-OR), and Kirsten Gillibrand (D-NY). 
    The bill has earned the endorsement of Consumer Action; The Institute for College Access and Success; National Consumer Law Center (on behalf of its low income clients); National Association forCollege Admission Counseling; Veterans Education Success; National Association of Consumer Advocates; American Association for Justice; Center for Justice and Democracy; Woodstock Institute; Public Justice; Earthjustice; Public Citizen; The National Employment Lawyers Association; Americans for Financial Reform; National Consumers League; Consumer Federation of America; Young Invincibles; and Center for Responsible Lending.
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    MIL OSI USA News –