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Category: Commerce

  • MIL-OSI: BexBack Launches 100x Leverage, Double Deposit Bonus, and $50 Welcome Bonus — No KYC Required

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 29, 2025 (GLOBE NEWSWIRE) — As crypto markets remain volatile, BexBack is empowering traders with 100x leverage, no KYC, and a 100% deposit bonus to maximize returns. Whether you’re a seasoned pro or just starting, BexBack offers exceptional opportunities for profitable trading.

    Why Trade with 100x Leverage on BexBack?

    • Amplified Profits: Control larger positions with smaller capital.
    • Low Capital Requirement: Enter high-value trades with minimal investment.
    • Trade Both Directions: Profit whether the market goes up or down.
    • No KYC: Start trading immediately, no identity verification needed.

    What is 100x Leverage and How Does It Work?

    With 100x leverage, a 1 BTC position can control 100 BTC. For example, if Bitcoin rises from $100,000 to $105,000, your profit would be 5 BTC, giving you a 500% return.

    100% Deposit Bonus

    Double your funds instantly with 100% deposit bonus — available on all deposits greater than 0.001 BTC or 100 USDT. Use the bonus to open larger positions and increase profits.

    About BexBack

    BexBack is a leading cryptocurrency derivatives platform offering 100x leverage on BTC, ETH, SOL, XRP, and other popular cryptos. Headquartered in Singapore, BexBack serves over 500,000 traders globally, providing fast execution, no deposit fees, and 24/7 customer support.

    BexBack is a US MSB (Money Services Business) licensed platform, trusted by traders in over 200 countries, including the US, Canada, and Europe.

    Why Choose BexBack?

    • No KYC Required – Start trading instantly.
    • 100% Deposit Bonus – Double your funds immediately.
    • High-Leverage Trading – Up to 100x leverage on crypto futures.
    • $50 Welcome Bonus – For new users after completing your first trade.
    • Demo Account – Practice risk-free with 10 BTC and 100K USDT in virtual funds.
    • Global Support – 24/7 customer service.

    Sign Up Now — Break the KYC and Leverage Barriers.

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign Up Now on BexBack — Break the 100x Leverage and KYC Barriers, Get Double Deposit Bonus and $50 Welcome Bonus Instantly

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

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

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

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/864d6022-17df-448b-9227-2afe5ef57ec3
    https://www.globenewswire.com/NewsRoom/AttachmentNg/93e803e5-c903-45f7-9226-2779199da8fe
    https://www.globenewswire.com/NewsRoom/AttachmentNg/dccb7700-dc2c-4383-b410-a73cc1b01fe4
    https://www.globenewswire.com/NewsRoom/AttachmentNg/9931338b-a07a-414a-8394-f83b37955433

    The MIL Network –

  • MIL-OSI: SafeCard Reviews [CONSUMER REPORTS 2025]: Don’t Buy Till You’ve Read This!

    Source: GlobeNewswire (MIL-OSI)

    MONROE, La., March 29, 2025 (GLOBE NEWSWIRE) — Transactions are now faster than ever thanks to contactless payment methods and RFID-enabled cards, but they have also made it easier for criminals to gain access to your private information. Powerful RFID skimming devices have made it possible for cyber criminals to collect your personal card information without any physical contact, and the sad part is that you have probably been a victim in the past, with or without realising it. Many people are now looking for trustworthy methods to safeguard their personal and financial data without the bulk of RFID wallets and sleeves.

    SafeCard RFID Blocking Card Reviews

    We will be discussing the SafeCard, a thin and lightweight RFID-blocking card that promises to stop unwanted scanning of debit cards, credit cards, and other RFID-enabled devices. Many USA consumer reports claim it’s a sleek, hassle-free answer to digital theft, unlike heavy RFID wallets or thin sleeves. Does it, however, work as advertised? Any SafeCard Reviews Complaints on Trustpilot And Reddit?

    It’s important to be on the safe side given the abundance of security devices available on the market. Despite their lofty claims, several RFID-blocking devices fall short of providing adequate protection, leaving consumers vulnerable to cyber theft. Others are difficult to use, requiring frequent modifications or adding needless bulk to wallets.

    But does the SafeCard really work, or is it simply another overhyped RFID-blocking device? Is it worth your dime? What is the real truth of the SafeCard Shield, despite the hype it’s getting in the USA? To answer all these questions and more, we will look more closely at what makes it special, go over some of its main features, pros and cons and actual customer experiences.

    Introduction to Safecard

    What is Safecard (Safecard Reviews)

    If this is your first time hearing about this RFID Blocking device, your first question would be ‘What is The SafeCard?’ So let’s start by answering that. SafeCard is an innovative RFID-blocking gadget made to prevent unwanted scanning of passports, credit cards, debit cards, and other RFID-enabled objects.

    Scammers can now obtain important information from your cards without making direct contact using powerful RFID skimming devices. By creating an imperceptible barrier that prevents these scanning efforts, SafeCard provides a dependable solution and guarantees the security of your financial and personal information.

    SafeCard neutralizes skimming devices by using active interference technology. It creates a barrier around your cards when you carry them in your wallet or purse, keeping identity thieves out. For shoppers, travelers, and anybody else worried about digital security, this makes it a great option.

    SafeCard’s lightweight, thin design is one of its best qualities; it lets customers experience safety without having to carry heavy accessories. With its long-lasting build and universal compatibility with all RFID-enabled cards, it provides long-term 24/7 protection. The SafeCard is a simple, cost-effective, and efficient method of protecting your private information that gives you peace of mind wherever you go.

    FLASH OFF: Click Here To Buy SafeCard From The Official Website – Up To 50% Off, Only While Stock Lasts

    Explanation on How The SafeCard Shield Works

    SafeCard prevents unwanted scanning of your passports, credit cards, debit cards, and other RFID-enabled objects by actively blocking RFID and NFC signals. In contrast to conventional RFID-blocking wallets or sleeves that passively protect cards from signals, SafeCard instantly blocks scanning efforts, guaranteeing that even with sophisticated skimming tools, cybercriminals cannot access your private data. Just put the SafeCard in your wallet, handbag, or cardholder with your other cards to use it. It surrounds them with a protective field that prevents unwanted scanners from picking up RFID signals.

    Most RFID-enabled cards are compatible with SafeCard’s active protection solution, which provides a more sophisticated and dependable option than passive shielding techniques. Its lightweight and thin design also makes it possible for you to use it conveniently without having to deal with the bulk. SafeCard guarantees that your financial and personal information is always secure; you can now travel, buy, or commute with peace of mind.

    Verified Distinguishing Features Of The SafeCard (SafeCard Reviews USA)

    The SafeCards manufacturer’s objective is to provide you with a convenient and safe experience while keeping you one step ahead of fraudsters. SafeCard has recorded a plethora of customer reviews and validated testimonials supporting its functionality. Let’s look at the unique features of SafeCard:

    • Advanced RFID Blocking: SafeCard’s innovative RFID and NFC blocking technology is central to its effectiveness.. The card uses a strong electromagnetic shielding mechanism to stop your ID badges, smart passports, debit cards, and credit cards from being scanned without your permission. Verified users have shared their experiences, proving that SafeCard is effective; thus, this isn’t simply a theoretical assertion. For example, Hannah L. recalled that she had twice been the victim of card skimming at airports. She reported feeling secure after using SafeCard, pointing out that its covert and lightweight design has already thwarted multiple scanning efforts. These first-hand reports provide strong proof that SafeCard performs as intended.
    • Lightweight and Simple design: The thin, light, and simple design of SafeCard is a huge plus. Nobody is interested in dealing with bulky gadgets as they make daily routine tiresome. SafeCard is nearly undetectable in your wallet or purse because it is only 1.1 mm thick, unlike conventional RFID-blocking wallets or sleeves. Another confirmed customer, Emma R., emphasized this advantage by drawing comparisons to RFID wallets she had previously used. She underlined that SafeCard provided the same security without sacrificing comfort or convenience, while the conventional choices were cumbersome and inconvenient; this implies that you will get dependable protection that fits in well with your way of life.
    • No batteries needed: SafeCard offers 24/7 protection as it does not need batteries or recharging. Long-lasting performance without the inconvenience of moving around with chargers or replacing out batteries is guaranteed. The SafeCard is a great option for both regular travelers and daily commuters who require round-the-clock safety wherever they go.
    • Universal compatibility: Another feature that sets SafeCard apart from the competition is its universal compatibility. SafeCard is compatible with all RFID-enabled devices, including transport passes, credit and debit cards, and even access cards. The SafeCard eliminates the need for you to switch between different kinds of protective sleeves for different kinds of cards. You can simplify your security requirements and ensure complete protection across all your RFID-enabled cards with SafeCard.
    • Long-lasting: The manufacturers of the SafeCard are aware that durability is important to you. Long-term use is ensured by SafeCard’s construction using premium, dust-proof, and water-resistant materials. The card is made to resist normal wear and tear, whether you’re driving through crowded cities or in inclement weather. The SafeCard won’t require regular replacements or extra care for many years.
    • Travel-friendly: The TSA-friendly design of SafeCard is a big plus for frequent travelers. Traditional RFID-blocking wallets that could set off alarms during airport security checks are an annoyance, and we understand that. SafeCard was designed to make sure that your trip is easy and hassle-free. Verified buyer Rachel T. told how scammers accessed her bank account while she was traveling through Rio. Her trip was transformed by a SafeCard recommendation, and she now feels confident knowing her wallet is protected. When you are walking through congested public areas or airports, this certainty is priceless.
    • Multi-layer protection: Apart from its fundamental RFID-blocking features, SafeCard incorporates multi-layer encryption. This extra function makes sure that your data is protected by layers of strong encryption, even in the event of an unauthorized attempt to access it. The encryption serves as an additional barrier, protecting your private information from prying eyes even while the device concentrates on preventing illegal scans.
    • Affordable: The SafeCard is available at a surprisingly affordable price. Users of most pay grades can afford the SafeCard without breaking the bank.

    Is SafeCard Better Than RFID Sleeves?

    Many people, especially frequent travelers, are looking for trustworthy methods to safeguard their financial and personal data due to the growing threat of digital theft and illegal RFID scanning. For many years, RFID-blocking sleeves were the only popular solution, hence the tolerance despite their many drawbacks. The SafeCard is here now and is superior to conventional RFID sleeves.

    The fact that RFID sleeves only use passive shielding to prevent signals is one of their main drawbacks. A coating of metallic substance inside these sleeves keeps RFID readers from accessing card data. However, the card must be fully covered and positioned inside the sleeve for them to be effective. Protection may be jeopardized if a card is even slightly exposed or if the sleeve wears out. Conversely, SafeCard makes use of active detection technologies in conjunction with sophisticated electromagnetic shielding. It ensures constant protection by automatically blocking RFID scanning attempts, saving users from having to manually insert or remove cards.

    SafeCard’s lightweight and thin design, which fits easily into any wallet, is another significant benefit. Although theoretically functional, RFID-blocking sleeves can be cumbersome and inconvenient. The fact that each card must be stored separately makes them difficult for many people to use. As a result, people who carry several RFID-enabled cards will need to buy extra sleeves or swap out their cards often. By providing universal safety for all surrounding RFID cards without the need for separate storage, SafeCard removes this inconvenience. Emma R., a verified buyer. recounted her experience, pointing out that SafeCard is so discreet that she hardly notices it’s there and that it performs better than RFID wallets or sleeves.

    Another area in which SafeCard performs better than conventional RFID sleeves is durability. Many sleeves are composed of thin fabrics that eventually rip, deteriorate, or lose their usefulness. SafeCard, on the other hand, is made to endure regular use and has dustproof and water-resistant components that guarantee long-term use. Users don’t have to bother with inefficient shielding or the need to replace worn-out sleeves on a regular basis. The SafeCard is an excellent investment for digital security and definitely superior to RFID and sleeves.

    FLASH OFF: Click Here To Buy SafeCard From The Official Website – Up To 50% Off, Only While Stock Lasts

    Shocking Myths and Truths About SafeCard (SafeCard Shield Reviews)

    As a dependable defense against illegal RFID scanning, SafeCard has grown in popularity in the USA as well as other countries of the world, but like many security devices, it has also been shrouded in rumors and false beliefs. It’s important to distinguish fact from fiction in order to appreciate SafeCard’s true worth. The most common myths and the facts that refute them are listed below.

    Myth 1: SafeCard Is Just Another RFID Sleeve

    The idea that SafeCard works in the same way as a conventional RFID sleeve is among the most common fallacies. Many people believe that passive blocking using material layers is the same approach used by all RFID shielding. This is not at all the case, though. SafeCard is an instant RFID-blocking device that blocks scanning attempts in real time. In contrast to RFID sleeves, which, depending on their quality, can still permit some signals to get through, SafeCard automatically blocks attempts at data compromise.

    Myth 2: RFID Skimming Isn’t a Real Threat

    There is no actual risk of card information being taken electronically, according to those who think RFID skimming is an overblown problem. However, innumerable instances have demonstrated that physical contact is not necessary to compromise RFID-enabled cards. High-tech scammers have targeted travelers in particular, using concealed RFID scanners to collect card information in crowded places like airports and public transportation. Hannah L., a verified buyer. “I’ve had my cards skimmed in airports twice, and it was terrifying,” she said, sharing her story. I truly feel safe when traveling now that I have SafeCard.” This actual case demonstrates that RFID skimming is a genuine and expanding issue.

    Myth 3: SafeCard Is Bulky and Inconvenient

    Some people believe that RFID-blocking devices must be bulky. Well, this might be the case with large wallets that prevent RFID, but SafeCard was made to be portable and convenient. It is lightweight, slim, and fits neatly into any purse or wallet without taking up much space. As confirmed purchaser Emma R. stated, “I’ve previously used RFID wallets, but they were cumbersome and inconvenient. I don’t even realize SafeCard is there, yet it works so much better! “

    Myth 4: SafeCard Requires Constant Charging

    Some people feel that SafeCard is stressful for daily usage because it requires frequent recharging. On the other hand, SafeCard does not need charging at all. It will continue to work 24/7 without needing a battery.

    Myth 5: RFID-Blocking Products Are Unnecessary if You Have a Chip Card

    Many people believe that current chip-enabled debit and credit cards are sufficiently safe and don’t need extra RFID protection. When the card is only in a pocket or wallet, chip technology does not stop unwanted RFID scanning, even though it helps improve security during transactions. By providing an additional layer of security, SafeCard prevents hackers from stealing your data without your knowledge.

    Truth: SafeCard Offers Genuine Security and Peace of Mind

    Despite all of the fallacies, SafeCard is still a legit and useful card for safeguarding personal and financial data. Verified customers have continuously commended its dependability, use, and capabilities. One happy client, Aubree R., said, “I purchased a SafeCard for my family and myself. It’s so simple to use, and I feel more at ease every day knowing that we’re all safe. Ultimately, SafeCard stands out as a reliable, efficient, and user-friendly defense against RFID skimming.

    Step-by-Step Guide on How to Use SafeCard (SafeCard Instructions)

    Using SafeCard is simple and requires no complicated setup. Follow these steps to ensure maximum protection:

    • Step 1: Unbox your newly purchased SafeCard; the good thing is that you don’t need to charge it.
    • Step 2: Insert SafeCard alongside your credit, debit, or ID cards in your wallet or purse.
    • Step 3: SafeCard activates instantly, creating a shield that blocks RFID scanning attempts.
    • Step 4: You can now travel safely because the SafeCard will continue to work as long as it’s in the same wallet with your cards.

    Is SafeCard Legit?

    Many customers are understandably wary of security products given the rising risk of identity theft, digital fraud and probably previous bad experiences with the traditional RFID wallets. Devices with big claims but that fall short are common in the market, which makes people skeptical of SafeCard and similar tools. However, SafeCard’s authenticity is strongly supported by verified customer feedback, demonstrating that it is a valid and trustworthy RFID-blocking device.

    The SafeCard ensures that all your sophisticated RFID-enabled cards, including credit cards, debit cards, passports, and access badges, cannot be scanned without your notice. Unlike conventional blocking sleeves, SafeCard instantly recognizes and blocks scanning efforts in real time. Users attest to the product’s effectiveness; one verified customer, Hannah L., reports that SafeCard has already prevented many scanning attempts while on the road. Her story demonstrates how the product offers genuine defense against possible fraud.

    Numerous consumers have expressed their satisfaction, demonstrating that SafeCard prevents RFID scans and differs from subpar substitutes that don’t provide any true protection. Months of protection are guaranteed with any need for battery changes.

    The overwhelmingly positive reviews left by actual users are one of the best proofs of SafeCard’s legitimacy. Clients such as Rachel T. along with Melissa H., have reported how using SafeCard has prevented them from falling victim to financial fraud in public places. It is a worthy option for travelers because of its lightweight construction, TSA-approved design, and universal compatibility. These practical experiences attest to SafeCard’s status as a reliable security card rather than just another gimmick. SafeCard is by no means a hoax

    FLASH OFF: Click Here To Buy SafeCard From The Official Website – Up To 50% Off, Only While Stock Lasts

    What Makes the SafeCard So Affordable?

    The cost of SafeCard actually surprised many users; We mean, how can a product made to prevent RFID theft be so reasonably priced in a market filled with products with high price tags yet claim superior protection? Unlike expensive RFID-blocking wallets or expensive high-tech security devices, SafeCard provides an affordable option without sacrificing efficacy or quality.

    The simplified design of SafeCard is a major factor in its price. Instead of bundling unnecessary features that inflate the price, SafeCard focuses solely on delivering reliable RFID-blocking technology in a compact form. It doesn’t need a large structure or pricey components; production costs were kept low while still providing excellent protection against digital theft.

    Additionally, SafeCard is sold directly through its official website, cutting out middlemen and reducing extra retail markups. Many security products go through multiple distribution channels before reaching the customer, which significantly raises their final price. By offering SafeCard online without relying on third-party sellers, the manufacturer ensures that buyers get the best price possible without paying unnecessary commissions or inflated retail costs.

    Another reason SafeCard remains affordable is its long-lasting design. Unlike disposable RFID sleeves that need frequent replacement or wallets that wear out over time, SafeCard is built to last. With a durable, non-battery-powered system, it provides continuous protection without requiring users to spend extra on replacements. SafeCard proves that high-quality security doesn’t have to come with a premium price. You can give it a try right away!

    SafeCard Reviews Consumer Reports From United States, Canada, Australia

    Verified Customer Reviews from real users have been included below to help you see the SafeCard from a user perspective:

    • Hannah L. | Verified Purchase -“I’ve had my cards skimmed in airports twice, and it was terrifying. Since using SafeCard, I finally feel safe while traveling. It’s lightweight, discreet, and has stopped several attempted scans already.”
    • Rachel T |Verified Purchase – “While traveling through Rio, I discovered my bank account had been drained by scammers. I was devastated. A fellow traveler recommended SafeCard, and it’s been a lifesaver ever since. No more stolen data, no more stress. Now I can travel with confidence knowing my wallet is secure.”
    • Aubree R. | Verified Buyer – “I got SafeCard for myself and my family. It’s so easy to use, and knowing we’re all protected gives me peace of mind every day. It’s worth every penny!”
    • Emma R. | Verified Buyer – “I’ve used RFID wallets before, but they were bulky and annoying. SafeCard works so much better, and I don’t even notice it’s there!”
    • Melissa H.| Verified Purchase – “I love going to holiday markets, but after watching my friend lose hundreds to a scammer, I knew I needed protection. SafeCard blocks thieves silently, and I haven’t had an issue since. It’s the best purchase I’ve made for my security!”

    FLASH OFF: Click Here To Buy SafeCard From The Official Website – Up To 50% Off, Only While Stock Lasts

    Pros of SafeCard (SafeCard Reviews)

    • SafeCard effectively prevents unauthorized scanning of credit cards, debit cards, passports, and access cards, protecting users from digital theft.
    • Unlike bulky RFID-blocking wallets, SafeCard is ultra-thin and easily fits into any standard wallet, making it a convenient security solution.
    • No batteries or recharging needed
    • SafeCard works with RFID-enabled cards, including credit/debit cards, transit passes, and passports, making it a versatile security tool.
    • SafeCard does not interfere with airport security checks, making it perfect for frequent travelers who need reliable protection.
    • Built with durable materials, SafeCard offers reliable performance at all times
    • There is no setup required; simply place SafeCard in a wallet or purse alongside other cards, and it automatically starts protecting them.
    • SafeCard is available exclusively on its official website, eliminating middlemen and keeping costs lower than competing RFID security devices.

    Cons of SafeCard (SafeCard Reviews)

    • Limited Availability – SafeCard is only sold through the official website, making it difficult for users who prefer purchasing from retail stores or third-party platforms.
    • Not Effective Against Physical Theft – While SafeCard protects against RFID skimming, it does not prevent physical card theft, meaning users still need to be cautious about losing their wallets.
    • Limited in stock – The SafeCard is fast selling out, so hurry while supplies last, and you benefit from the current available discounts.

    How Much Is A SafeCard?

    The SafeCard is available at a really affordable price. You can get your own SafeCard at the following pricing:

    Where Can I Buy SafeCard At The Best Pricing?

    For those looking to purchase SafeCard, the best and most reliable place to buy it is the official website. Buying directly from the official source ensures that customers receive a genuine, high-quality product with all the promised features and benefits. With the rise in counterfeit and substandard RFID protection products, purchasing from unauthorized third-party sellers can pose risks, including receiving an ineffective or fake version of SafeCard.

    Ordering from the official website also comes with several advantages. Customers often gain access to exclusive discounts, bundle deals, and special promotions that are not available elsewhere. Additionally, purchasing directly from the manufacturer ensures better customer support, warranty protection, and hassle-free returns in case of any issues.

    Another key benefit of buying from the official website is the guarantee of security and privacy. Unlike some third-party marketplaces where seller credibility may be uncertain, the official website provides a secure checkout process that protects customers’ personal and payment information.
    Many verified buyers have shared their positive experiences after purchasing SafeCard directly from the manufacturer. The process is straightforward, and orders are typically shipped quickly to ensure fast and reliable delivery.

    To avoid counterfeit products and ensure authentic RFID protection, purchasing SafeCard from the official website is the smartest choice. Visit the manufacturer’s website today to secure personal and financial information with this trusted, high-quality security solution.

    CLICK HERE NOW TO BUY SAFECARD DIRECTLY FROM THE OFFICIAL WEBSITE AT A MASSIVE DISCOUNT

    Commonly Asked Questions (SafeCard Wallet)

    With so much information available, it’s natural to have questions before making a purchase. The comprehensive FAQ section below answers the most common queries about SafeCard, helping you understand the RFID blocking card better.

    Is SafeCard different from RFID-blocking wallets?

    Yes, SafeCard is not just different but better. While RFID-blocking wallets and sleeves rely on a physical barrier to block signals, SafeCard uses the latest technology to neutralize skimming attempts in real time. Additionally, it is slim and lightweight, allowing you to use your existing wallet without adding bulk.

    Do I need a special wallet to use SafeCard?

    No, SafeCard is designed to work with any wallet, purse, or cardholder. Simply place it next to your credit or debit cards, and it will provide instant protection against RFID skimming.

    What types of cards does SafeCard protect?

    SafeCard is compatible with all RFID-enabled cards, including:

    • Credit and debit cards
    • Transit and metro cards
    • Passports with RFID chips
    • Work and access cards
    • Hotel key cards

    How many SafeCards do I need?

    One SafeCard is usually enough to protect multiple cards in a standard wallet. However, if you carry multiple wallets or bags, purchasing an extra SafeCard for each would ensure full protection.

    Is SafeCard effective against all types of digital theft?

    SafeCard is highly effective against RFID skimming, a common form of digital theft where criminals use scanners to steal card data wirelessly. However, it does not protect against physical card theft.

    Does SafeCard require charging?

    No. The SafeCard doesn’t require charging, so it will continue to work in all circumstances.

    Can SafeCard be used while traveling?

    Yes, SafeCard is TSA-approved and safe for travel, so it will work in the USA, Canada, Australia, New Zealand and other countries of the world. Unlike metal RFID wallets that might trigger airport security detectors, SafeCard does not interfere with screening processes, making it ideal for frequent travelers.

    Will SafeCard interfere with my phone or other electronics?

    No, SafeCard does not affect mobile phones, Wi-Fi signals, or other electronic devices. It only blocks RFID scanners from reading your card data, ensuring that your personal electronics remain unaffected.

    Is SafeCard waterproof?

    Yes, SafeCard is built with water and dust-resistant materials, making it durable for everyday use. However, it is not fully submersible, so it is best to avoid prolonged exposure to water..

    Does SafeCard wear out over time?

    SafeCard is designed to be durable and long-lasting. With proper care, it will continue to provide RFID-blocking protection for years.

    Can SafeCard be used in a minimalist wallet?

    Yes, SafeCard’s slim design makes it perfect for minimalist wallets. Unlike bulky RFID-blocking wallets, it takes up minimal space while offering superior protection.

    Is SafeCard safe to use?

    Absolutely. SafeCard does not emit harmful radiation or interfere with health devices. It is completely safe to carry in a wallet or purse daily.

    What Are The Benefits Of SafeCard?

    SafeCard provides a very important defense against RFID skimming, stopping illegal access to your financial and personal information. Its lightweight, sleek design offers security without adding bulk and fits easily into any wallet. Travelers, shoppers, and regular users will enjoy the SafeCard’s long-lasting build.

    Can SafeCard protect against contactless payment scammers?

    Yes, SafeCard prevents unauthorized RFID scans, which are commonly used in contactless payment fraud. By blocking these signals, SafeCard ensures that criminals cannot access your card information without your consent.

    Why should I choose SafeCard over other RFID protection methods?

    SafeCard provides a combination of slim design, real-time protection, and universal compatibility, making it one of the most advanced RFID-blocking devices available.

    Final Wrap on SafeCard Reviews

    The SafeCard fulfills its claims according to all available data, consumer reports and complaints. Even discussions on Reddit and Trustpilot agree that the SafeCard is a worthy investment. With its advanced shielding technology, slim design, and ease of use, SafeCard makes sure your private information stays private.

    Many users have shared how SafeCard has helped them stay safe from fraud and financial loss. Rachel T., a verified buyer, recounted her experience: “While traveling through Rio, I discovered my bank account had been drained by scammers. A fellow traveler recommended SafeCard, and it’s been a lifesaver ever since.” This highlights how common digital theft is and why proactive protection is necessary.

    SafeCard also stands out for its convenience. Unlike bulky RFID wallets, it’s compact and discreet. Emma R. praised its design, saying: “I’ve used RFID wallets before, but they were bulky and annoying. SafeCard works so much better, and I don’t even notice it’s there!” This ease of use makes it a preferred choice for those who want to stay safe without the bulk.

    Investing in SafeCard is a smart step toward protecting finances and identity. With SafeCard, you will stay ahead of scammers and enjoy your trips knowing that your personal data is secure. Hurry while offers last!

    SPECIAL OFFER: Click Here To Buy SafeCard From The Official Website — up to 50% OFF, only while stock lasts!

    Contact: SafeCard
    Email: support@safecardshield.com

    Disclaimer:
    This article is intended for informational and educational purposes only. It does not constitute professional, legal, or cybersecurity advice. While SafeCard may help reduce the risk of RFID-based digital theft, no security product can guarantee 100% protection in all scenarios. Individual results may vary based on usage and other factors. Always exercise general caution and follow best practices when safeguarding your financial and personal data. The publisher and all parties involved in the creation and distribution of this content are not liable for any misuse, loss, or damages arising from the use or reliance on the information provided herein. Always consult the official product website or customer support for the most accurate and updated details.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/73cfc771-032a-4dcd-b2b0-d26ecb66dcc6

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d29cc163-cb6a-4c66-8edf-2f62994e3c33

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b8ff53aa-ffa8-40dc-a79b-e77933daa881

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f88be7c1-c53a-483c-8063-ef12d643d7d6

    The MIL Network –

  • MIL-OSI Economics: GlobalData finds companies across sectors posting jobs around Vertex AI

    Source: GlobalData

    Vertex AI is an advanced platform from Google Cloud that facilitates the work of data scientists and machine learning (ML) engineers by simplifying the process of training models and managing ML projects. The demand for AI-related positions has seen a significant growth, particularly in fields related to ML and generative AI (GenAI). Against this backdrop, companies across sectors are seen posting jobs related to Vertex AI, finds GlobalData, a leading data and analytics company.

    Sherla Sriprada, Business Fundamentals Analyst at GlobalData, comments: “As the demand for AI-driven solutions continues to surge, companies are prioritizing Vertex AI in specialized fields such as ML, data engineering, and AI ethics. This shift is reshaping hiring patterns, emphasizing candidates with specialized expertise in Vertex AI to drive their initiatives forward.”

    An analysis of GlobalData’s Job Analytics Database reveals an increase in job postings focused on Vertex AI across sectors including technology, retail, financial services, and pharma.

    Technology industry is focusing on initiatives such as designing, implementing, and deploying AI/ML solutions on the google cloud platform (GCP), particularly using vertex AI. Additionally, it involves leading product strategy for Gemini’s coding capabilities, developing no-code/low-code agent builders, and establishing quality standards while integrating third-party APIs.

    Technology companies are seeking to hire professionals with experience in building advanced analytics frameworks using tools like bigquery ML and tensorflow, as well as designing and maintaining data pipelines with GCP services such as dataflow and Vertex AI.

    Financial services industry is seeking to hire professionals with experience in AI/ML to design and implement secure, high-performing end-to-end data solutions for fintech initiatives that translates business problems in the financial domain into technical solutions that leverage machine learning. Firms are also focused on developing and testing AI models using Vertex AI and BQML to generate insights from both structured and unstructured data.

    Retail companies are looking at initiatives such as automating data jobs on GCP and utilizing services such as bigquery, dataflow, dataproc, apache airflow, and Vertex AI pipelines. This approach aims to establish a reliable and scalable data infrastructure for business consumption. Furthermore, it involves analyzing large-scale datasets and developing statistical models with Vertex AI to generate actionable insights that promote operational efficiency, revenue growth, and improved customer satisfaction.

    Pharma companies are exploring scalable generative AI solutions for various applications, including drug discovery, medical writing automation, clinical trials, regulatory submissions, and real-world evidence generation. Additionally, these companies are seeking experience in front-end API development using fastAPI and cloud AI services such as AWS Bedrock, Azure OpenAI, and google Vertex AI.

    Sriprada concludes: “As organizations continue to embed AI across core functions, the demand for professionals is set to rise. This trend underscores a broader industry pivot toward scalable, secure, and efficient AI deployment frameworks that accelerate innovation and competitive differentiation.”

    MIL OSI Economics –

  • MIL-OSI USA: SBA Offers Relief to Oklahoma Businesses, Nonprofits and Residents Affected by November 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 Oklahoma businesses, nonprofits and residents affected by the severe storms, straight-line winds, tornadoes and flooding occurring Nov. 2‑3, 2024. The SBA issued an administrative disaster declaration on March 27, 2025.

    The disaster declaration covers the counties of Canadian, Cleveland, Kingfisher, Lincoln, Logan, Oklahoma and Pottawatomie.

    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 private nonprofit (PNP) organizations 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 small 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.

    Beginning Tuesday, April 1, customer service representatives will be on hand at a Disaster Loan Outreach Center (DLOC) to answer questions about the 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.

    “When disasters strike, SBA’s Disaster Loan Outreach Centers play a vital role in helping small businesses and their communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “At these centers, SBA specialists assist business owners and residents with disaster loan applications and provide information on the full range of recovery programs available.”

    The DLOC hours of operations are listed below.

    OKLAHOMA COUNTY
    Disaster Loan Outreach Center
    Harrah Church
    101 Dobbs Rd.
    Harrah, OK  73045

    Opens 11 a.m. Tuesday, April 1

    Mondays – Fridays, 9 a.m. – 6 p.m.

    Interest rates are as low as 4% for small businesses, 3.625% for nonprofits and 2.563% 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.

    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 apply for property damage is May 27. The deadline to apply for economic injury is Dec. 29.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration makes the American dream of business ownership a reality. 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 Business Recovery Center in Santa Monica to Relocate

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced the relocation of its Santa Monica Business Recovery Center (BRC) from the Santa Monica Chamber of Commerce to the Santa Monica Public Library, beginning Tuesday, April 1, at 10 a.m.

    SBA opened the BRC to provide personalized assistance to Santa Monica businesses affected by the wildfires beginning Jan. 7.

    “SBA’s Business Recovery Centers have consistently proven their value to business owners following a disaster,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “Business owners can visit these centers to meet face-to-face with specialists who will guide them through the disaster loan application process and connect them with resources to support their recovery.”

    Walk-ins are accepted, but you can schedule an in-person appointment in advance at appointment.sba.gov. The Santa Monica Chamber of Commerce BRC will close Monday, March 31. The Santa Monica Public Library BRC will open Tuesday, April 1, with locations and hours of operation as indicated below.

    LOS ANGELES COUNTY
    Business Recovery Center
    Santa Monica Chamber of Commerce
    2525 Main St., Ste. 103
    Santa Monica, CA  90405

    Closes 5 p.m. Monday, March 31
    Monday, 9 a.m. – 5 p.m.

    LOS ANGELES COUNTY
    Business Recovery Center
    Santa Monica Public Library
    Courtyard Café
    601 Santa Monica Blvd.
    Santa Monica, CA  90401

    Opens 10 a.m. Tuesday, April 1
    Mondays – Wednesdays, 10 a.m. – 6 p.m.

    Businesses and PNPs 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 private nonprofit (PNP)organizations 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 small 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.

    Interest rates are as low as 4% for small businesses, 3.625% for nonprofits, and 2.563% 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.

    Applicants may call the SBA’s Customer Service Center at (800) 659-2955 or send an email to 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.

    With the changes to FEMA’s Sequence of Delivery, survivors are now encouraged to simultaneously apply for FEMA grants and SBA low-interest disaster loan assistance to fully recover. FEMA grants are intended to cover necessary expenses and serious needs not paid by insurance or other sources. The SBA disaster loan program is designed for your long-term recovery, to make you whole and get you back to your pre-disaster condition. Do not wait on the decision for a FEMA grant; apply online and receive additional disaster assistance information at sba.gov/disaster.

    The deadline to return physical damage applications is Mar. 31. The deadline to return economic injury applications is Oct. 8.

    ###

    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: SBA Offers Relief to New Mexico Small Businesses and Private Nonprofits Affected by November Drought

    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 small businesses and private nonprofit (PNP) organizations in New Mexico who sustained economic losses caused by the drought beginning Nov. 1, 2024.

    The disaster declaration covers the counties of Catron, Cibola, Chaves, De Baca, Doña Ana, Eddy, Grant, Guadalupe, Hidalgo, Lea, Lincoln, Luna, Otero, Roosevelt, Sierra, Socorro and Torrance in New Mexico, as well as Apache, Cochise and Greenlee counties in Arizona, and Andrews, Cochran, Culberson, El Paso, Gaines, Hudspeth, Loving, Reeves, Winkler and Yoakum counties in Texas.

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

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

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

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.625% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months after the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

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

    Submit completed loan applications to SBA no later than Nov. 25.

    ###

    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: SBA Offers Relief to Arkansas Small Businesses and Private Nonprofits Affected by Fall Drought

    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 small businesses and private nonprofit (PNP) organizations in Arkansas who sustained economic losses due to the drought beginning Nov. 1, 2024.

    The disaster declaration covers the counties of Ashley, Benton, Boone, Bradley, Calhoun, Carroll, Clark, Cleveland, Columbia, Crawford, Dallas, Franklin, Garland, Hempstead, Hot Spring, Howard, Johnson, Lafayette, Little River, Logan, Madison, Marion, Montgomery, Nevada, Newton, Ouachita, Pike, Polk, Pope, Scott, Searcy, Sebastian, Sevier, Union, Washington and Yell in Arkansas, as well as the parishes of Claiborne, Morehouse, Union and Webster in Louisiana; Barry, McDonald, Stone and Taney counties in Missouri, and Adair, Delaware, Le Flore and McCurtain counties in Oklahoma.

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

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

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

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.625% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months after the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

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

    Submit completed loan applications to SBA no later than Nov. 25.

    ###

    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: SBA Offers Relief to Wyoming Small Businesses and Private Nonprofits Affected by January Drought

    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 small businesses and private nonprofit (PNP) organizations in Wyoming who sustained economic losses caused by the drought beginning Jan. 1.

    The declaration covers the counties of Albany, Big Horn, Carbon, Converse, Fremont, Hot Springs, Johnson, Laramie, Lincoln, Natrona, Park, Platte, Sheridan, Sublette, Sweetwater, Teton, Uinta and Washakie in Wyoming, as well as Jackson, Larimer, Moffat and Routt counties in Colorado, Bear Lake, Bonneville and Caribou counties in Idaho, Big Horn, Carbon, Gallatin and Park counties in Montana, and Rich County in Utah.

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

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

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

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.625% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months after the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

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

    Submit completed loan applications to SBA no later than Nov. 25.

    ###

    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: SBA Offers Relief to Oklahoma Small Businesses and Private Nonprofits Affected by November Drought

    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 small businesses and private nonprofit (PNP) organizations in Oklahoma who sustained economic losses caused by the drought beginning Nov. 15, 2024.

    The disaster declaration covers the counties of Garfield, Grant, Kay, Noble and Osage in Oklahoma, as well as Cowley and Sumner counties in Kansas.

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

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

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

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.625% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months after the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

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

    Submit completed loan applications to SBA no later than Nov. 25.

    ###

    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: SBA Offers Relief to Missouri Small Businesses and Private Nonprofits Affected by November Drought

    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 small businesses and private nonprofit (PNP) organizations in Missouri who sustained economic losses caused by the drought beginning Nov. 1, 2024.

    The disaster declaration covers the counties of Barry, Bates, Benton, Boone, Callaway, Camden, Cass, Cedar, Christian, Cole, Cooper, Dade, Dallas, Douglas, Gasconade, Greene, Henry, Hickory, Jasper, Johnson, Laclede, Lawrence, Maries, Miller, Moniteau, Morgan, Newton, Osage, Pettis, Phelps, Polk, Pulaski, St. Clair, Stone, Vernon, Webster and Wright in Missouri, as well as Linn and Miami counties in Kansas.

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

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

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

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.625% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months after the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

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

    Submit completed loan applications to SBA no later than Nov. 25.

    ###

    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: Murphy, Blumenthal, DeLauro, Larson Demand Reinstatement Of Terminated NOAA Employees

    US Senate News:

    Source: United States Senator for Connecticut – Chris Murphy

    March 28, 2025

    HARTFORD—U.S. Senators Chris Murphy (D-Conn.) and Richard Blumenthal (D-Conn.) on Friday joined U.S. Representatives John Larson (D-Conn.-01) and Rosa DeLauro (D-Conn.-03) in sending a letter to U.S. Department of Commerce Secretary Howard Lutnick demanding the reinstatement of over 800 National Oceanic and Atmospheric Administration (NOAA) employees who were terminated. The letter coincides with Coasts Week, observed the week of March 24th to highlight the critical importance of the nation’s shores and coastal waterways to community resilience and the economy.
    In Connecticut, employees at the Milford Laboratory, part of the National Marine Fishery Service (NMFS) Northeast Fisheries Science Center, were among those who were fired by the mass terminations at NOAA.
    “Mass firings, office closures, and the threat of budget cuts severely undermine NOAA’s work to share weather and climate forecasts, facilitate restoration and resiliency projects, and sustainably manage our ocean’s resources – especially in Connecticut,” the lawmakers wrote. “These attacks on NOAA are dangerous to human health and safety and economically nonsensical. Simply put, NOAA saves lives and taxpayer money.”
    Between 2021 and 2024, NOAA supported 15 projects across Connecticut to help bolster our $6.5 billion marine economy that 3,189 businesses and 61,385 employees rely on.
    “As a coastal state, Connecticut communities benefit greatly from a strong and fully staffed NOAA. Our state is directly threatened by rapid sea level rise, and has seen firsthand the impacts of severe storms on our coasts.  In 2012, Superstorm Sandy killed four Connecticut residents and cost over $350 million to recover from,” the lawmakers continued.
    “These indiscriminate firings are devastating to NOAA – to the critical work the agency does to protect our communities and to the dedicated employees themselves who have devoted their careers to public service. We demand that you immediately reinstate these federal workers and stop any action that undermines NOAA’s critical mission for the benefit of Connecticut, the national economy, and the planet,” they concluded.
    Full text of the letter is available HERE and below.
    Dear Secretary Lutnick,
    We write to express our deep outrage over the potentially illegal termination of over 800 National Oceanic and Atmospheric Administration (NOAA) employees and to call for their immediate reinstatement. Mass firings, office closures, and the threat of budget cuts severely undermine NOAA’s work to share weather and climate forecasts, facilitate restoration and resiliency projects, and sustainably manage our ocean’s resources – especially in Connecticut.
    These attacks on NOAA are dangerous to human health and safety and economically nonsensical. Simply put, NOAA saves lives and taxpayer money. The agency’s work informs severe storm warnings so people can prepare for natural disasters like tornados, flash floods, hurricanes, and wildfires. In the longer term, NOAA’s weather and climate data helps communities take action to reduce damage from extreme weather events. These resiliency measures drastically cut the cost of disaster recovery projects, reducing the burden on agencies like the Federal Emergency Management Agency and, ultimately, taxpayers.
    Between 2021 and 2024, NOAA supported 15 projects across Connecticut to help bolster our $6.5 billion marine economy that 3,189 businesses and 61,385 employees rely on. These projects advanced coastal resilience efforts to better prepare for severe storms, as well as habitat restoration and conservation initiatives to protect the bedrock of our seafood industry. Dismantling NOAA’s workforce puts this support in jeopardy.
    NOAA safeguards coastal resources and supports industries in coastal communities that inject $10 trillion annually into the U.S. economy. As a coastal state, Connecticut communities benefit greatly from a strong and fully staffed NOAA. Our state is directly threatened by rapid sea level rise, and has seen firsthand the impacts of severe storms on our coasts. In 2012, Superstorm Sandy killed four Connecticut residents and cost over $350 million to recover from. NOAA’s coastal resiliency projects work to mitigate that risk. In short, eliminating NOAA employees endangers the people of Connecticut, our businesses, and our critical infrastructure.
    We understand that mass terminations at NOAA have directly impacted employees in Connecticut, with staff at the Milford Laboratory, part of the National Marine Fishery Service (NMFS) Northeast Fisheries Science Center, among those who were fired. This is bad news for our state and the country. Focusing on aquaculture projects, NOAA staff at the Milford Lab were working on cutting-edge research to maintain the sustainability and economic viability of the U.S. seafood industry. Unjustly firing experienced employees decimates the institutional knowledge necessary to best carry out that work. In 2022, NMFS helped support 2.3 million fisheries jobs that generated $321 billion in sales. These job cuts will hurt commercial and recreational fishers, shellfish growers, and everyone down the supply chain whose livelihoods are tied to a healthy ocean. Further, a less effective and efficient domestic seafood industry will result in American consumers relying more heavily on imported sources of seafood.
    These indiscriminate firings are devastating to NOAA – to the critical work the agency does to protect our communities and to the dedicated employees themselves who have devoted their careers to public service. We demand that you immediately reinstate these federal workers and stop any action that undermines NOAA’s critical mission for the benefit of Connecticut, the national economy, and the planet.
    Sincerely,

    MIL OSI USA News –

  • MIL-OSI Security: Four Defendants Charged After Warrant Served in El Cajon

    Source: Office of United States Attorneys

    SAN DIEGO – John Washburn, general manager of San Diego Powder & Protective Coatings in El Cajon, and three employees, made their first appearances in federal court today to face immigration charges stemming from a search warrant that was served by federal agents at the property yesterday.

    Washburn, along with employees Gilver Martinez-Juanta, Miguel Angel Leal-Sanchez and Fernando Casas-Gamboa, were arrested yesterday. Washburn was charged with Conspiracy to Harbor Aliens; the employees were charged with using false documents to work in the United States.

    According to the complaint, Washburn employed undocumented workers and allowed them to live in the company’s warehouse. The three charged employees allegedly provided a false attestation regarding their immigration status to secure employment at the business.

    U.S. Magistrate Judge Barbara L. Major set bond for Washburn at $5,000 and ordered him and the other defendants to appear in court for a preliminary hearing on April 8, 2025, at 9:30 a.m.

    The Homeland Security Investigations, San Diego Office is investigating these cases with assistance from the Department of Homeland Security, Office of Inspector General; General Services Administration, Office of Inspector General; United States Border Patrol; U.S. Customs and Border Protection; United States Immigration and Customs Enforcement, Enforcement and Removal Operations; Naval Criminal Investigative Service; Small Business Administration, Office of Inspector General; Drug Enforcement Administration, San Diego Field Division, and the Bureau of Alcohol, Tobacco, Firearms, and Explosives.   

    These cases are being prosecuted by Assistant U.S. Attorneys Henry F.B. Beshar and Michael A. Deshong.

    DEFENDANTS                                            

    Case Number 25mj1458-BLM

    John Washburn                                                         Age: 57             

    SUMMARY OF CHARGES

    Conspiracy to Harbor Aliens, in violation of Title 8, U.S.C. § 1324(a)(1)(A)(iii) and (v)(I); Maximum Penalty: Ten years in prison; $250,000 fine.

    Case Number 25mj1459-BLM

    Gilver Martinez-Juanta                                                        Age: 39

    SUMMARY OF CHARGES

    False Attestation (Felony), in violation of Title 18, U.S.C. § 1546(b)(3); Maximum Penalty: 10 years in prison; $250,000 fine.

    Case Number 25mj1460-BLM

    Miguel Angel Leal-Sanchez                                                 Age:39                         

    SUMMARY OF CHARGES

    False Attestation (Felony), in violation of Title 18, U.S.C. § 1546(b)(3); Maximum Penalty: 10 years in prison; $250,000 fine.

    Case Number 25mj1461-BLM

    Fernando Casas-Gamboa                                                      Age: 21                        

    SUMMARY OF CHARGES

    False Attestation (Felony), in violation of Title 18, U.S.C. § 1546(b)(3); Maximum Penalty: 10 years in prison; $250,000 fine.

    INVESTIGATING AGENCIES

    Homeland Security Investigations

    Naval Criminal Investigative Service

    U.S. Department of Homeland Security, Office of Inspector General

    General Services Administration, Office of Inspector General

    Small Business Administration, Office of Inspector General

    U.S. Immigration and Customs Enforcement, Enforcement and Removal Operations

    Drug Enforcement Administration

    Bureau Alcohol, Tobacco, Firearm,s and Explosives

    U.S. Border Patrol

    U.S. Customs and Border Protection

    *The charges and allegations contained in an indictment or complaint are merely accusations, and the defendants are considered innocent unless and until proven guilty.

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

    MIL Security OSI –

  • MIL-OSI: Summit State Bank Reports Revised Fourth Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SANTA ROSA, Calif., March 28, 2025 (GLOBE NEWSWIRE) — Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported that it has revised its fourth quarter and full year 2024 financial results from those announced in the press release dated January 28, 2025. In connection with the preparation and review of its 2024 financial statements, the Bank has concluded it is necessary to record a $693,000 other real estate owned valuation adjustment, a $146,000 increase in reserve for unfunded loans, and a $76,000 credit loss provision reversal for the fourth quarter 2024. The need for the valuation adjustment results from an updated appraisal report obtained in the first quarter of 2025. The additional reserve for unfunded loans and provision reversal results from the Bank’s adoption of a new CECL model as of December 31, 2024. The valuation adjustment was expensed against noninterest income and also reduced the Bank’s other real estate owned asset. The additional reserve for undisbursed loans and the reversal of the credit losses on loans resulted in a net expense against the provision for credit losses. The income tax provision was adjusted accordingly for all changes noted above.

    After the impact adjustments as outlined above, the Bank’s preliminary, unaudited fourth quarter earnings estimate is revised to a net loss of $7,142,000, or $1.06 loss per diluted share, and full-year 2024 net loss of $4,193,000, or $0.62 loss per diluted share. The Bank previously reported preliminary, unaudited results for fourth quarter 2024 including net loss of $6,605,000 or $0.98 loss per diluted share, and full-year 2024 net loss of $3,656,000, or $0.54 loss per diluted share.

    Material Updates to Income Statement
    The Bank originally reported noninterest income of $1,373,000 in the fourth quarter of 2024 and $4,152,000 for full-year 2024. After the adjustment, noninterest income was reduced to $680,000 in the fourth quarter of 2024 and $3,459,000 for full-year 2024.

    The Bank originally reported total provision for credit losses of $6,652,000 in the fourth quarter of 2024 and $7,845,000 for full-year 2024. After the adjustment, total provision increased to $6,722,000 in the fourth quarter of 2024 and $7,915,000 for full-year 2024.

    Impact to Income Taxes
    The Bank’s revised effective tax rate for the twelve months ended December 31, 2024 was 4.4% compared to the previously reported effective tax rate of -0.8%.

    Updated Previously Furnished Earnings Materials
    For completeness, the Bank has included all previously announced financial results disclosures and related tables with this press release as revised. These results supersede the results previously disclosed in the January 28, 2025 press release.

    Revised Fourth Quarter 2024 Financial Results

    The Bank has a net loss of $7,142,000, or $1.06 loss per diluted share for the fourth quarter ended December 31, 2024, compared to net income of $1,901,000, or $0.28 per diluted share for the fourth quarter ended December 31, 2023. The current quarter’s results were impacted by expenses including a $6,570,000 provision for credit losses on loans and a $4,119,000 one-time non-cash impairment charge to write off the remaining balance of goodwill. The Bank has taken significant charge offs and provisions for credit losses in the fourth quarter of 2024 as a proactive step towards resolving its problem loans. The goodwill impairment was a result of the Bank’s stock price trading below book value and is a non-cash charge that does not impact the Bank’s cash flows, liquidity, or regulatory capital. The Bank ended the year with improved regulatory capital ratios and is focused on expanding net interest margin in 2025.

    For the year ended December 31, 2024, the Bank reported a net loss of $4,193,000, or $0.62 loss per diluted share compared to net income of $10,822,000, or $1.62 per diluted share for the year ended December 31, 2023. The 2024 net income loss was primarily attributable to annual provision for credit losses on loans totaling $7,882,000 and a one-time non-cash goodwill impairment expense of $4,119,000.

    Pre-tax, pre-provision net income before goodwill1 was $2,301,000 for the quarter ended December 31, 2024, compared to $2,122,000, $1,267,000, $1,955,000 and $2,643,000 for the quarters ended September 30, 2024, June 30, 2024, March 31, 2024, and December 31, 2023, respectively. “At the beginning of 2024, the Bank was negatively impacted by the ongoing strains that the high-interest rate environment put on our funding costs,” said Brian Reed, President and CEO. “By the fourth quarter of 2024, the Bank’s core operating results improved due to a lower cost of funds and improved noninterest income.”

    “The Bank continues to focus on maintaining strong capital levels and did that effectively in 2024 by strategically managing the balance sheet and suspending cash dividends. As such, the Board determined it will also suspend cash dividends in the first quarter of 2025 so that we can build capital, increase liquidity, and position the Bank to create long-term value for our shareholders.”

    “The largest negative impact on the Bank’s performance in 2024 was a result of the heightened level of non-performing assets,” said Reed. “We have been aggressively pursuing solutions to these problem loans and have reduced our non performing loans by $9,160,000 in the fourth quarter of 2024. We anticipate non performing loans will be further reduced by $18,187,000 in the first half of 2025 as a result of loan payoffs from the sale of collateral that is currently under contract to be sold.”

    “We are headed into 2025 feeling positive about our prospects subsequent to our significant progress in resolving problem loans. We continue to maintain our well capitalized status and sufficient liquidity after having realized successive quarters of improved net operating income results,” concluded Reed.

    Fourth Quarter 2024 Financial Highlights (at or for the three months ended December 31, 2024)

    • The Bank’s Tier 1 Leverage ratio increased to 8.87% at December 31, 2024 compared to 8.85% at December 31, 2023. This ratio remains above the minimum of 5% required to be considered “well-capitalized” for regulatory capital purposes.
    • The Bank has implemented numerous operating cost saving initiatives including an 8% reduction in force.
    • The Bank’s annualized loss on average assets and annualized loss on average equity for the fourth quarter of 2024 was 2.59% and 28.05%, respectively. The pre-tax, pre-provision return on average assets before goodwill1 and pre-tax, pre-provision return on average equity before goodwill1 in the fourth quarter would have been 0.83% and 9.04%, respectively.
    • Net income was a loss of $7,142,000 for the fourth quarter of 2024. Pre-tax, pre-provision net income before goodwill1 was $2,301,000 for the fourth quarter of 2024 compared to $2,122,000, $1,267,000, $1,955,000 and $2,643,000 for the quarters ended September 30, 2024, June 30, 2024, March 31, 2024, and December 31, 2023, respectively.
    • Collateral relating to two of the non performing loans is in contract to sell in the first half of 2025 and the expected proceeds represent 65% or $18,010,000 of the remaining $27,754,000 of non performing loans.
    • The allowance for credit losses to total loans was 1.49% after charging off $8,343,000 and recording a $6,570,000 provision for credit losses on loans to replenish reserves on December 31, 2024.
    • The Bank maintained strong total liquidity of $435,409,000, or 40.8% of total assets as of December 31, 2024. This includes on balance sheet liquidity (cash and equivalents and unpledged available-for-sale securities) of $111,471,000 or 10.4% of total assets, plus available borrowing capacity of $323,938,000 or 30.4% of total assets.
    • The Bank has been strategically managing its loan and deposit portfolios to reduce risk in the balance sheet and improve capital ratios. The Bank has been successful in reducing the size of its balance sheet as noted below:
      • Net loans decreased $33,551,000 to $905,075,000 at December 31, 2024, compared to $938,626,000 one year earlier and decreased $12,292,000 compared to $917,367,000 three months earlier.
      • Total deposits decreased 5% to $962,562,000 at December 31, 2024, compared to $1,009,693,000 at December 31, 2023, and decreased 4% when compared to the prior quarter end of $1,002,770,000.
    • Book value was $13.53 per share, compared to $14.40 per share a year ago and $14.85 in the preceding quarter.

    Operating Results

    For the fourth quarter of 2024, the annualized loss on average assets was 2.59% and the annualized loss on average equity was 28.05%. This compared to an annualized return on average assets of 0.67% and an annualized return on average equity of 8.02%, respectively, for the fourth quarter of 2023. These ratios were negatively impacted during the fourth quarter of 2024 by a credit loss provision and one-time goodwill impairment. Without the impact from these items, the pre-tax, pre-provision return on average assets before goodwill1 and the pre-tax, pre-provision return on average equity before goodwill1 would have been 0.83% and 9.04%, respectively, for the three months ended December 31, 2024.

    For the year ended 2024, the loss on average assets was 0.38% and the loss on average equity was 4.23%. This compares to the return on average assets of 0.95% and return on average equity of 11.56%, respectively, for the year ended 2023.

    The Bank’s net interest margin was 2.88% in the fourth quarter of 2024 compared to its lowest quarterly net interest margin this year of 2.71% which occurred in the second and third quarters of 2024. The current net interest margin is also higher compared to the fourth quarter of 2023 of 2.85%. This was primarily attributable to the cost of deposits decreasing in the fourth quarter of 2024 to 2.87% compared to 3.05% during the preceding quarter. “We are starting to see an improvement in cost of funds in response to the Federal Reserve rate decreases. As CDs mature, we expect to see continued improvement in deposit pricing in the near future,” said Reed. “In addition, loan yields have started to improve as our existing loans have started to reprice.”

    Interest and dividend income decreased 1.0% to $14,935,000 in the fourth quarter of 2024 compared to $15,036,000 in the fourth quarter of 2023. The decrease in interest income is attributable to a $182,000 decrease in interest on investment securities and a $137,000 decrease in interest on deposits with banks offset by an increase of $214,000 in interest and fees on loans.

    Noninterest income increased in the fourth quarter of 2024 to $680,000 compared to $297,000 in the fourth quarter of 2023. The increase is primarily attributed to the Bank recognizing $857,000 in gains on sales of SBA guaranteed loan balances offset by the valuation adjustment on other real estate owned of $693,000 in the fourth quarter of 2024 compared to no gains on sales of SBA guaranteed loan balances in the fourth quarter of 2023.

    Operating expenses increased in the fourth quarter of 2024 to $10,200,000 compared to $5,483,000 in the fourth quarter of 2023. The increase is primarily due to a one-time non-cash impairment charge of $4,119,000 to write off the remaining balance of goodwill. In addition, the Bank recorded a $443,000 loss related to an external check fraud event during the fourth quarter of 2024. The Bank has filed an insurance claim related to this fraud loss and may be partially reimbursed by insurance at a later date.

    “We remain focused on enhancing revenue generation and driving significant cost efficiencies to improving our operational effectiveness. To date we have leveraged existing staff and technologies to reduce third-party expenses, eliminated raises and bonuses, reduced employee benefits Bank-wide, and reduced director fees.”

    Balance Sheet Review

    During 2024, the Bank strategically managed its loan and deposit portfolios to reduce risk in the balance sheet and improve capital ratios. As a result of the efforts, net loans decreased 4% to $905,075,000 and total deposits also decreased 5% to $962,562,000 as of December 31, 2024 compared to December 31, 2023.

    Net loans were $905,075,000 at December 31, 2024 compared to $938,626,000 at December 31, 2023, and decreased 1% compared to September 30, 2024. The Bank’s largest loan types are commercial real estate loans which make up 78% of the portfolio, “secured by farmland” totaling 9% of the portfolio, and 7% in commercial and industrial loans. Of the commercial real estate total, approximately 34% or $231,000,000 is owner occupied and the remaining 66% or $451,000,000 is non-owner occupied. The Bank’s entire loan portfolio is well diversified between industries including office space which totals $116,400,000.

    Total deposits were $962,562,000 at December 31, 2024 compared to $1,009,693,000 at December 31, 2023, and decreased 4% compared to the prior quarter end. At December 31, 2024, noninterest bearing demand deposit accounts decreased 8% compared to a year ago and represented 19% of total deposits; savings, NOW and money market accounts decreased 9% compared to a year ago and represented 49% of total deposits, and CDs increased 4% compared to a year ago and comprised 32% of total deposits.

    Shareholders’ equity was $91,723,000 at December 31, 2024, compared to $100,662,000 three months earlier and $97,678,000 a year earlier. The decrease in shareholders’ equity compared to a year ago was due to a reduction in retained earnings. At December 31, 2024 book value was $13.53 per share, compared to $14.85 three months earlier, and $14.40 at December 31, 2023.

    The Bank’s Tier 1 Leverage ratio continues to exceed the minimum of 5% necessary to be categorized as “well-capitalized” for regulatory capital purposes. The Tier-1 leverage ratio at the end of 2024 was 8.87%, an increase compared to 8.85% at the end of 2023.

    Credit Quality

    “Our primary focus remains on managing asset quality and reducing portfolio risk,” said Reed. “To that end we charged off loans of $8,343,000 and recorded a $6,570,000 provision for credit losses to replenish reserves during the fourth quarter of 2024. Three credits represent 94% or $26,040,000 of our non performing loans and are “secured by farmland” which have been hit hard by the current environment. The Bank holds a small portion of its total loans in this industry and actively monitors the performance of these loans. Collateral relating to two of these three non performing loans is in contract to sell in the first half of 2025 and represents 65% or $18,010,000 of the non performing loan portfolio. The remaining non performing loans are being reserved at current appraisal value less selling cost.”

    Non performing assets were $32,191,000, or 3.02% of total assets, at December 31, 2024. This compared to $41,971,000 in non performing assets at September 30, 2024, and $44,206,000 in non performing assets at December 31, 2023. Non performing assets include $4,437,000 for one other real estate owned loan at December 31, 2024 and $5,130,000 at September 30, 2024, compared to no other real estate owned at December 31, 2023.

    There were $8,343,000 in net charge-offs during the three months ended December 31, 2024, compared to no charge-offs during the three months ended September 30, 2024 and net recoveries of $9,000 during the three months ended December 31, 2023.

    For the fourth quarter of 2024, consistent with factors within the allowance for credit losses model, the Bank recorded a $6,570,000 provision for credit loss expense for loans, a $154,000 provision for credit losses for unfunded loan commitments and a $2,000 reversal of credit losses on investments. This compared to a $31,000 reversal of credit loss expense on loans, a $65,000 reversal of credit losses on unfunded loan commitments and a $31,000 provision for credit losses on investments in the fourth quarter of 2023.

    The allowance for credit losses to total loans was 1.49% on December 31, 2024, and 1.60% on December 31, 2023. The decrease is due to $9,690,000 in loan charge-offs offset with a provision for credit losses on loans of $7,882,000 and $55,000 provision for credit losses on unfunded loan commitments recorded during the year ended December 31, 2024.

    About Summit State Bank

    Founded in 1982 and headquartered in Sonoma County, Summit State Bank is an award-winning community bank serving the North Bay. The Bank serves small businesses, nonprofits and the community, with total assets of $1.1 billion and total equity of $92 million as of December 31, 2024. The Bank has built its reputation over the past 40 years by specializing in providing exceptional customer service and customized financial solutions to aid in the success of its customers.

    Summit State Bank is committed to embracing the diverse backgrounds, cultures and talents of its employees to create high performance and support the evolving needs of its customers and community it serves. Through the engagement of its team, Summit State Bank has received many esteemed awards including: Top Performing Community Bank by American Banker, Best Places to Work in the North Bay and Diversity in Business by North Bay Business Journal, Corporate Philanthropy Award by the San Francisco Business Times, and Hall of Fame by North Bay Biz Magazine. Summit State Bank’s stock is traded on the Nasdaq Global Market under the symbol SSBI. Further information can be found at www.summitstatebank.com.

    Cautionary Note Regarding Preliminary Financial Results and Forward-looking Statements

    The financial results in this release are preliminary and unaudited. Final audited financial results and other disclosures will be reported in Summit State Bank’s annual report on Form 10-K for the period ended December 31, 2024 and may differ materially from the results and disclosures in this release due to, among other things, the completion of final review procedures, the occurrence of subsequent events or the discovery of additional information.

    Except for historical information, the statements contained in this release, are forward-looking statements within the meaning of the “safe harbor” provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are non-historical statements regarding management’s expectations and beliefs about the Bank’s future financial performance and financial condition and trends in its business and markets. Words such as “expects,” “anticipates,” “believes,” “estimates” and similar expressions or future or conditional verbs such as “will,” “should,” “would” and “could” are intended to identify such forward-looking statements. Examples of forward-looking statements include but are not limited to statements regarding future operating results, operating improvements, loans sales and resolutions, cost savings, insurance recoveries and dividends. The forward-looking statements in this release are based on current information and on assumptions about future events and circumstances that are subject to a number of risks and uncertainties that are often difficult to predict and beyond the Bank’s control. As a result of those risks and uncertainties, the Bank’s actual future results and outcomes could differ, possibly materially, from those expressed in or implied by the forward-looking statements contained in this release. Those risks and uncertainties include, but are not limited to, the risk of incurring credit losses; the quality and quantity of deposits; the market for deposits, adverse developments in the financial services industry and any related impact on depositor behavior or investor sentiment; risks related to the sufficiency of the Bank’s liquidity; fluctuations in interest rates; governmental regulation and supervision; the risk that the Bank will not maintain growth at historic rates or at all; general economic conditions, either nationally or locally in the areas in which the Bank conducts its business; risks associated with changes in interest rates, which could adversely affect future operating results; the risk that customers or counterparties may not performance in accordance with the terms of credit documents or other agreements due a decline in credit worthiness, business conditions or other reasons;; adverse conditions in real estate markets; and the inherent uncertainty of expectations regarding litigation, insurance claims and the performance or resolution of loans. Additional information regarding these and other risks and uncertainties to which the Bank’s business and future financial performance are subject is contained in the Bank’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and other documents the Bank files with the FDIC from time to time. Readers should not place undue reliance on the forward-looking statements, which reflect management’s views only as of the date of this release. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

    1Non-GAAP Financial Measures

    This release contains non-GAAP (Generally Accepted Accounting Principles) financial measures in addition to the results presented in accordance with GAAP. These Non-GAAP financial measures include pre-tax, pre-provision net operating income before goodwill, pre-tax, pre-provision return on average assets before goodwill (“ROAA”), and pre-tax, pre-provision return on average equity (“ROAE”) before goodwill. We believe the presentation of these non-GAAP financial measures, provides useful information to assess our consolidated financial condition and consolidated results of operations and to assist investors in evaluating our financial results relative to our history results and those of our peers.

    Not all companies use identical calculations or the same definitions of pre-tax, pre-provision net operating income before goodwill, pre-tax, pre-provision ROAA before goodwill and pre-tax, pre-provision ROAE before goodwill, so the presentation of these non-GAAP financial measures may not be comparable to other similarly titled measures used by other companies. These non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. These non-GAAP financial measures should be taken together with the corresponding GAAP measure and should not be considered a substitute for the GAAP measure. Reconciliations of the most directly comparable GAAP measures to these non-GAAP financial measurements are presented below.

    Contact: Brian Reed, President and CEO, Summit State Bank (707) 568-4908

                             
            Three Months Ended
                             
            December 31, 2024   September 30, 2024   June 30, 2024   March 31, 2024   December 31, 2023
            (In thousands)
    Reconciliation of non-GAAP pre-tax, pre-provision income net of goodwill
                             
    Net (loss) income       $ (7,142 )   $ 626     $ 928     $ 1,395     $ 1,901  
    Excluding provision for (reversal of) credit losses   6,722       1,294       (16 )     (85 )     (65 )
    Excluding (reversal of) provision for income taxes   (1,398 )     202       355       645       807  
    Pre-tax, pre-provision income (non-GAAP) $ (1,818 )   $ 2,122     $ 1,267     $ 1,955     $ 2,643  
                             
    Excluding goodwill impairment         4,119       –       –       –       –  
    Pre-tax, pre-provision income net of goodwill (non-GAAP) $ 2,301     $ 2,122     $ 1,267     $ 1,955     $ 2,643  
                       
       
                             
                             
            Three Months Ended
                             
            December 31, 2024   September 30, 2024   June 30, 2024   March 31, 2024   December 31, 2023
            (In thousands)
    Reconciliation of non-GAAP return on average assets
                             
    Average assets       $ 1,098,885     $ 1,098,469     $ 1,078,700     $ 1,087,960     $ 1,123,057  
    (Loss) return on average assets (1)         -2.59 %     0.23 %     0.35 %     0.51 %     0.67 %
                             
    Net (loss) income       $ (7,142 )   $ 626     $ 928     $ 1,395     $ 1,901  
    Excluding provision for (reversal of) credit losses   6,722       1,294       (16 )     (85 )     (65 )
    Excluding (reversal of) provision for income taxes   (1,398 )     202       355       645       807  
    Pre-tax, pre-provision income (non-GAAP) $ (1,818 )   $ 2,122     $ 1,267     $ 1,955     $ 2,643  
                             
    Excluding goodwill impairment         4,119       –       –       –       –  
    Pre-tax, pre-provision income net of goodwill (non-GAAP) $ 2,301     $ 2,122     $ 1,267       $ 1,955       $ 2,643  
                             
    Adjusted return on average assets (non-GAAP) (1)   0.83 %     0.77 %     0.47 %     0.72 %     0.93 %
                             
    (1) Annualized.                
                             
            Three Months Ended
                             
            December 31, 2024   September 30, 2024   June 30, 2024   March 31, 2024   December 31, 2023
            (In thousands)
    Reconciliation of non-GAAP return on average shareholders’ equity
                             
    Average shareholders’ equity       $ 101,307     $ 99,962     $ 97,548     $ 97,471     $ 94,096  
    (Loss) return on average shareholders’ equity (1)   -28.05 %     2.48 %     3.82 %     5.74 %     8.02 %
                             
    Net (loss) income       $ (7,142 )   $ 626     $ 928     $ 1,395     $ 1,901  
    Excluding provision for (reversal of) credit losses   6,722       1,294       (16 )     (85 )     (65 )
    Excluding (reversal of) provision for income taxes   (1,398 )     202       355       645       807  
    Pre-tax, pre-provision income (non-GAAP) $ (1,818 )   $ 2,122     $ 1,267     $ 1,955     $ 2,643  
                             
    Excluding goodwill impairment         4,119       –       –       –       –  
    Pre-tax, pre-provision income net of goodwill (non-GAAP) $ 2,301     $ 2,122     $ 1,267     $ 1,955     $ 2,643  
                             
    Adjusted return on average shareholders’ equity (non-GAAP) (1)   9.04 %     8.42 %     5.21 %     8.04 %     11.14 %
                             
    (1) Annualized.                
                     
                           
    SUMMIT STATE BANK
    STATEMENTS OF INCOME
    (In thousands except earnings per share data)
                           
                           
              Three Months Ended   Year Ended
              December 31, 2024   December 31, 2023   December 31, 2024   December 31, 2023
              (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)
                           
    Interest and dividend income:              
      Interest and fees on loans $ 13,623     $ 13,409     $ 53,574     $ 52,560  
      Interest on deposits with banks   655       792       2,060       4,410  
      Interest on investment securities   530       712       2,614       2,855  
      Dividends on FHLB stock   127       123       514       416  
          Total interest and dividend income   14,935       15,036       58,762       60,241  
    Interest expense:              
      Deposits     7,099       7,113       28,495       24,227  
      Federal Home Loan Bank advances   6       –       337       177  
      Junior subordinated debt   128       94       454       375  
          Total interest expense   7,233       7,207       29,286       24,779  
          Net interest income before provision for credit losses   7,702       7,829       29,476       35,462  
    Provision for (reversal of) credit losses on loans   6,570       (31 )     7,882       342  
    Provision for (reversal of) credit losses on unfunded loan commitments   154       (65 )     55       (68 )
    (Reversal of) provision for credit losses on investments   (2 )     31       (22 )     58  
          Net interest income after provision for (reversal of) credit              
            losses, unfunded loan commitments and investments   980       7,894       21,561       35,130  
    Non-interest income:              
      Service charges on deposit accounts   225       219       926       872  
      Rental income   61       54       241       193  
      Net gain on loan sales   857       –       2,114       2,481  
      Net gain on securities   6       –       6       –  
      Net loss on other real estate owned   (693 )     –       (693 )     –  
      FHLB prepayment fee   –       –       –       1,024  
      Other income   224       24       865       631  
          Total non-interest income   680       297       3,459       5,201  
    Non-interest expense:              
      Salaries and employee benefits   3,429       3,044       15,639       15,399  
      Occupancy and equipment   413       386       1,761       1,713  
      Goodwill impairment   4,119       –       4,119       –  
      Other expenses   2,239       2,053       7,889       7,938  
          Total non-interest expense   10,200       5,483       29,408       25,050  
          (Loss) income before provision for income taxes   (8,540 )     2,708       (4,388 )     15,281  
    (Reversal of) provision for income taxes   (1,398 )     807       (195 )     4,459  
          Net (loss) income $ (7,142 )   $ 1,901     $ (4,193 )   $ 10,822  
                           
    Basic (loss) earnings per common share $ (1.06 )   $ 0.28     $ (0.62 )   $ 1.62  
    Diluted (loss) earnings per common share $ (1.06 )   $ 0.28     $ (0.62 )   $ 1.62  
                           
    Basic weighted average shares of common stock outstanding   6,719       6,698       6,714       6,695  
    Diluted weighted average shares of common stock outstanding   6,719       6,698       6,714       6,698  
                                   
       
    SUMMIT STATE BANK  
    BALANCE SHEETS  
    (In thousands except share data)  
                   
            December 31, 2024   December 31, 2023  
            (Unaudited)   (Unaudited)  
                   
    ASSETS        
                   
    Cash and due from banks $ 51,403   $ 57,789  
          Total cash and cash equivalents   51,403     57,789  
                   
    Investment securities:        
      Available-for-sale, less allowance for credit losses of $36 and $58        
        (at fair value; amortized cost of $80,887 in 2024 and $97,034 in 2023)   68,228     84,546  
                   
    Loans, less allowance for credit losses of $13,693 in 2024 and $15,221 in 2023   905,075     938,626  
    Bank premises and equipment, net   5,155     5,316  
    Investment in Federal Home Loan Bank (FHLB) stock, at cost   5,889     5,541  
    Goodwill     –     4,119  
    Other real estate owned   4,437     –  
    Affordable housing tax credit investments   7,413     8,405  
    Accrued interest receivable and other assets   19,494     18,166  
                   
          Total assets $ 1,067,094   $ 1,122,508  
                   
    LIABILITIES AND        
    SHAREHOLDERS’ EQUITY        
                   
    Deposits:          
      Demand – non interest-bearing $ 185,756   $ 201,909  
      Demand – interest-bearing   193,355     244,748  
      Savings   47,235     54,352  
      Money market   226,879     212,278  
      Time deposits that meet or exceed the FDIC insurance limit   70,717     63,159  
      Other time deposits   238,620     233,247  
          Total deposits   962,562     1,009,693  
                   
    FHLB advances   –     –  
    Junior subordinated debt, net   5,935     5,920  
    Affordable housing commitment   511     4,094  
    Accrued interest payable and other liabilities   6,363     5,123  
                   
          Total liabilities   975,371     1,024,830  
                   
          Total shareholders’ equity   91,723     97,678  
                   
          Total liabilities and shareholders’ equity $ 1,067,094   $ 1,122,508  
                   
     
    Financial Summary
    (In thousands except per share data)
                     
        As of and for the   As of and for the
        Three Months Ended   Year Ended
        December 31, 2024   December 31, 2023   December 31, 2024   December 31, 2023
        (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)
    Statement of Income Data:                
    Net interest income   $ 7,702     $ 7,829     $ 29,476     $ 35,462  
    Provision for (reversal of) credit losses on loans     6,570       (31 )     7,882       342  
    Provision for (reversal of) credit losses on unfunded loan commitments   154       (65 )     55       (68 )
    (Reversal of) provision for credit losses on investments     (2 )     31       (22 )     58  
    Non-interest income     680       297       3,459       5,201  
    Non-interest expense     10,200       5,483       29,408       25,050  
    (Reversal of) provision for income taxes     (1,398 )     807       (195 )     4,459  
    Net (loss) income   $ (7,142 )   $ 1,901     $ (4,193 )   $ 10,822  
                     
    Selected per Common Share Data:                
    Basic (loss) earnings per common share   $ (1.06 )   $ 0.28     $ (0.62 )   $ 1.62  
    Diluted (loss) earnings per common share   $ (1.06 )   $ 0.28     $ (0.62 )   $ 1.62  
    Dividend per share   $ –     $ 0.12     $ 0.28     $ 0.48  
    Book value per common share (1)   $ 13.53     $ 14.40     $ 13.53     $ 14.40  
                     
    Selected Balance Sheet Data:                
    Assets   $ 1,067,094     $ 1,122,508     $ 1,067,094     $ 1,122,508  
    Loans, net     905,075       938,626       905,075       938,626  
    Deposits     962,562       1,009,693       962,562       1,009,693  
    Average assets     1,098,885       1,123,057       1,091,045       1,142,790  
    Average earning assets     1,064,872       1,089,808       1,058,766       1,110,801  
    Average shareholders’ equity     101,307       94,096       99,080       93,621  
    Nonperforming loans     27,754       44,206       27,754       44,206  
    Other real estate owned     4,437       –       –       –  
    Total nonperforming assets     32,191       44,206       32,191       44,206  
                     
    Selected Ratios:                
    (Loss) return on average assets (2)     -2.59 %     0.67 %     -0.38 %     0.95 %
    (Loss) return on average shareholders’ equity (2)     -28.05 %     8.02 %     -4.23 %     11.56 %
    Efficiency ratio (3)     121.78 %     67.47 %     89.31 %     61.60 %
    Net interest margin (2)     2.88 %     2.85 %     2.78 %     3.19 %
    Common equity tier 1 capital ratio     10.14 %     9.90 %     10.14 %     9.90 %
    Tier 1 capital ratio     10.14 %     9.90 %     10.14 %     9.90 %
    Total capital ratio     11.89 %     11.75 %     11.89 %     11.75 %
    Tier 1 leverage ratio     8.87 %     8.85 %     8.87 %     8.85 %
    Common dividend payout ratio (4)     0.00 %     42.63 %     -45.20 %     30.05 %
    Average shareholders’ equity to average assets     9.22 %     8.38 %     9.08 %     8.19 %
    Nonperforming loans to total loans     3.02 %     4.63 %     3.02 %     4.63 %
    Nonperforming assets to total assets     3.02 %     3.94 %     3.02 %     3.94 %
    Allowance for credit losses to total loans     1.49 %     1.60 %     1.49 %     1.60 %
    Allowance for credit losses to nonperforming loans     49.34 %     34.43 %     49.34 %     34.43 %
             
    (1) Total shareholders’ equity divided by total common shares outstanding.        
    (2) Annualized.        
    (3) Non-interest expenses to net interest and non-interest income, net of securities gains.            
    (4) Common dividends divided by net (loss) income available for common shareholders.        
             

    The MIL Network –

  • MIL-OSI Security: Armed Serial Robber of Five Cash Stores Convicted at Trial

    Source: Office of United States Attorneys

    An armed serial robber and convicted felon was found guilty by a jury on March 26, 2025, of robbing five cash loan businesses across the Fort Worth metroplex in May 2024, announced Acting U.S. Attorney for the Northern District of Texas Chad E. Meacham.

    Charles Lenard Brownlee, 37, was charged via criminal complaint in July 2024 and indicted in August 2024.  After two-and-a-half days of trial, a jury convicted him of one count of Hobbs Act Conspiracy to Interfere with Commerce by Robbery, five counts of Hobbs Act Interference with Commerce by Robbery, five counts of Using, Carrying, and Brandishing a Firearm during a Crime of Violence, and one count of Felon in Possession of a Firearm.

    According to evidence presented at trial, between May 9 and May 21, 2024, Brownlee robbed at gunpoint five Cash Store businesses in Grand Prairie, Fort Worth, Euless, Hurst, and Grapevine. Trying to conceal his identity, Brownlee covered his face with a medical mask and wore different baseball caps and outfits for the robberies. 

    Reviewing hours of surveillance footage from nearby businesses and other camera systems, detectives from the Grand Prairie, Fort Worth, Euless, Hurst, and Grapevine police departments ascertained that Brownlee used the same vehicle—a black Hyundai Santa Fe equipped with a blue fuzzy steering-wheel cover—to drive to and from each of the five robberies.

    At trial, the jury heard from an eyewitness who observed the robber drop a Black & Mild cigarillo as he was running from one of the robberies and thereafter enter the backseat of a black SUV that had a blue fuzzy covering on its steering wheel.  Law enforcement collected that cigarillo for DNA testing, and the DNA test results were consistent with Brownlee being the robber from that incident.

    The jury also heard testimony from a member of the FBI’s Cellular Analysis Survey Team who testified that the cellular phones tied to Brownlee placed him at or near each Cash Store location when it was robbed.

    For two of the robberies, Brownlee enlisted the help of his girlfriend and co-conspirator, who testified that she and Brownlee conspired to rob the Fort Worth and Euless Cash Stores—driving there together in the black Hyundai SUV and with her serving as Brownlee’s getaway driver. She also testified that after committing these “licks” (robberies), Brownlee planned to target jewelry stores and ultimately obtained a Mini Draco-style firearm to do so, since that gun had more “muscle.”

    Shortly after committing the May 21 Grapevine robbery, Brownlee was arrested, and—upon searching the vehicle he was in—law enforcement found a black leather bag that Brownlee used in the Hurst and Grapevine robberies, a blue hat that Brownlee wore during the Euless robbery, a disposable medical mask matching what he wore for all of the robberies, and two loaded firearms—a black Smith & Wesson handgun matching the make and model of the gun identified by one of the victim-witnesses and a Century Arms Mini Draco AK-style pistol. Law enforcement also seized the black Hyundai Santa Fe with the blue fuzzy steering wheel cover, which at the time was being driven by Brownlee’s sister.

    Brownlee’s cell phone showed that he had conducted multiple online searches of and for Cash Stores during the time span of the robbery spree and that he ran searches for nearby jewelry stores and where to purchase a Mini Draco gun. The jury also saw videos and images from Brownlee’s and his co-conspirator’s phones showing them posing with piles of cash and Brownlee smoking a Black & Mild cigarillo like that observed to have been dropped by the perpetrator of the Euless robbery.

    Brownlee now faces a statutory minimum of 35 years and up to life in federal prison. His sentencing date is set for July 11, 2025, before the Honorable Reed O’Connor, who also presided over this trial.

    Brownlee’s co-conspirator pled guilty to one count of Hobbs Act Conspiracy to Interfere with Commerce by Robbery and faces a statutory maximum of 20 years in federal prison. She is set to be sentenced on April 8, 2025.

    “A strong relationship with our local law enforcement partners is crucial to tackling violent crime,” said FBI Dallas Special Agent in Charge R. Joseph Rothrock. “The collaboration with multiple agencies from Tarrant County resulted in a successful guilty verdict and sends a message that we will not tolerate acts of violent crime in our communities.”

    Acting U.S. Attorney Chad E. Meacham praised the joint efforts of all law enforcement agencies involved in the case, including the Federal Bureau of Investigation’s Dallas Field Office, Fort Worth Resident Agency, Grand Prairie Police Department, Fort Worth Police Department, Euless Police Department, Hurst Police Department, and Grapevine Police Department.  Assistant U.S. Attorneys Eric B. Chen and Levi Thomas prosecuted and tried the case.  Assistant U.S. Attorney Daniel Gordon for the Northern District of Texas provided appellate support. 

    MIL Security OSI –

  • MIL-OSI Security: CEO of Company that Owned Rights to Notorious Drug Lord’s Name Extradited to United States to Face Fraud, Money Laundering Counts

    Source: Office of United States Attorneys

    LOS ANGELES – A Swedish national was extradited from Spain and was arraigned today on a 115-count federal indictment alleging he licensed the rights of the late Colombian narcoterrorist Pablo Escobar and defrauded investors by marketing and selling products – including flamethrowers and cellphones – that he never delivered.

    Olaf Kyros Gustafsson, 31, a.k.a. “El Silencio,” arrived in Los Angeles this morning after Spanish authorities extradited him. Gustafsson is charged with one count of conspiracy to commit wire fraud and mail fraud, nine counts of wire fraud, three counts of mail fraud, one count of conspiracy to engage in money laundering, 41 counts of money laundering, 35 counts of international money laundering, and 25 counts of engaging in monetary transactions in property derived from specified unlawful activity.

    Gustafsson was arrested in Spain in December 2023 and was arraigned this afternoon in United States District Court in downtown Los Angeles. Gustafsson pleaded not guilty to the charges against him. A May 20 trial date was scheduled. A federal magistrate judge scheduled an April 3 detention hearing. Gustafsson remains in federal custody. 

    According to the indictment, Gustafsson was the CEO of Escobar Inc., a corporation registered in Puerto Rico that held successor-in-interest rights to the persona and legacy of Pablo Escobar, the deceased Colombian narcoterrorist and head of the Medellín Cartel. Escobar Inc. used Pablo Escobar’s likeness and persona to market and sell purported consumer products to the public.

    From July 2019 to November 2023, Gustafsson identified existing products in the marketplace that were being manufactured and sold to the public. He then used the Escobar persona to market and advertise similar and competing products purportedly being sold by Escobar Inc., advertising them at a price substantially lower than existing counterparts being sold by other companies.

    Gustafsson then purportedly sold the products – including an Escobar Flamethrower, an Escobar Fold Phone, an Escobar Gold 11 Pro Phone, and Escobar Cash (marketed as a “physical cryptocurrency”) – to customers, receiving payments via PayPal, Stripe, Coinbase, among other payment processors.

    Despite receiving customer payments, Gustafsson did not deliver the Escobar Inc. products to paying customers because the products did not exist.

    In furtherance of the scheme, Gustafsson sent crudely made samples of the purported Escobar Inc. products to online technology reviewers and social media influencers to attempt to increase the public’s demand for them. For example, Gustafsson allegedly sent Samsung Galaxy Fold Phones wrapped in gold foil and disguised as Escobar Inc. phones to online technology reviewers to attempt to induce victims who watched the online reviews into buying the products that never would be delivered.

    Also, rather than sending paying customers the actual products, Gustafsson mailed them a “Certificate of Ownership,” a book or other Escobar Inc. promotional materials so there was a record of mailing from the company to the customer. When a paying customer attempted to obtain a refund when the product was never delivered, Gustafsson fraudulently referred the payment processor to the proof of mailing for the Certificate of Ownership or other material as proof that the product itself was shipped and that the customer had received it so the refund requests would be denied.

    Some of the victims include residents of Los Angeles, Gardena, and Commerce.

    Gustafsson allegedly also caused bank accounts to be opened under his name and entities he controlled to be used as funnel accounts – bank accounts into which he deposited and withdrew proceeds derived from his criminal activities. The purpose was to conceal and disguise the nature, location, source, ownership, and control of the proceeds. The bank accounts were located in the United States, Sweden, and the United Arab Emirates.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    IRS Criminal Investigation, the FBI, and the Federal Deposit Insurance Corporation-Office of Inspector General are investigating this matter, with assistance from the Department of Justice’s Office of International Affairs, the United States Marshals Service, and the European Union Agency for Criminal Justice Cooperation.

    Assistant United States Attorney Joshua O. Mausner of the Violent and Organized Crime Section is prosecuting this case.

    MIL Security OSI –

  • MIL-OSI USA: Pfluger Fly-By: March 28, 2025

    Source: United States House of Representatives – Congressman August Pfluger (TX-11)

    Pfluger Fly-By: March 28, 2025

    Washington, March 28, 2025

    March 28, 2025

    Friend,

    Welcome back to the weekly Pfluger Fly-By, a collection of events and happenings to keep you updated on everything I am doing week by week to represent you in Congress.

    This week, I was honored to have my good friend and fellow wingman, Colonel Shurtleff, testify on behalf of my legislation, the ACES Act, I joined Mornings with Maria on Fox Business to discuss a wide variety of topics, I chaired a Committee on Homeland Security’s Subcommittee on Counterterrorism and Intelligence legislative markup that included two of my bills, I questioned the President and CEO of ERCOT on grid reliability in Texas, and much more!

    I have included some photos and highlights from the week. You can also find information on how my office can help you with any federal problems you may be having. As always, please do not hesitate to contact my office if we can ever be of assistance.

    Best,

    Colonel Shurtleff Testifies Before Congress on the ACES Act

    This week, I was honored to have my good friend and fellow wingman, Colonel Andy “Pablo” Shurtleff, testify before the House Committee on Veterans’ Affairs Subcommittee on Disability Assistance and Memorial Affairs on the need for my legislation, the ACES Act, which addresses cancer incidence in military aviators. Colonel Shurtleff is actively battling cancer as a result of his service in the cockpit.

    When brave men and women volunteer for our nation, they shouldn’t face a second battle against cancer without proper government support. The ACES Act directs the VA to partner with the National Academies of Sciences to study cancer prevalence among military aviators and identify service-connected factors, ultimately saving lives through earlier detection, developing targeted screening protocols, and ensuring our veterans receive the specialized care they’ve earned.

    As an Air Force fighter pilot with over 20 years of service, I’ve witnessed firsthand the incredible dedication, bravery, and resilience of our nation’s aviators. But I’ve also seen many of my brothers and sisters fight their toughest battles not in the air but in hospital rooms against cancer. I thank Colonel Shurtleff for his brave testimony before Congress on this crucial issue on behalf of military aviators. Please join me in praying for Colonel Shurtleff and his family as he continues his treatment.

    Watch my full line of questioning with Colonel Shurtleff here or by clicking the image below.

    Goodfellow Vietnam War Commemoration Ceremony

    Today, I was delighted to be back in TX-11 where I had the honor of attending the United States of America 50th Anniversary of the Vietnam War Commemoration Welcome Home and Pinning Ceremony at Goodfellow Air Force Base. This ceremony has taken place for over 10 years in San Angelo and is an incredible way to recognize and honor Vietnam War veterans with an official commemorative lapel pin.

    This year’s ceremony coincided with the 50th anniversary of the Fall of Saigon and the end of the Vietnam War. Honoring our nation’s heroes is of the utmost importance to me. I’d like to thank the Goodfellow AFB Heritage Committee, the Heritage Chapter – Freedom Through Vigilance Association, the EC-47 History Site, and all of the Command Staff at Goodfellow AFB for putting together such a meaningful event. I was extremely honored to participate in this today and share a few remarks.

    Counterterrorism Subcommittee Markup

    As Chairman of the House Committee on Homeland Security’s Subcommittee on Counterterrorism and Intelligence, I led the subcommittee’s first legislative markup of the 119th Congress. The markup included ten critical pieces of legislation to counter terror threats and transnational repression in the United States, two of which were my bills, the Generative AI Terrorism Risk Assessment Act and the Countering Transnational Repression Act of 2025.

    Transnational repression, the act of foreign governments or their proxies targeting individuals in another country using various coercive tactics, has become an increasingly concerning issue in the United States. Midlander Bob Fu is a victim of transnational repression. He has testified in the Homeland Security Committee about his experiences being targeted by the Chinese Communist Party.

    The Countering Transnational Repression Act of 2025 would require the Department of Homeland Security to create a dedicated transnational repression office to ensure that the federal government takes steps to counter threats from foreign authoritarian regimes.

    Watch my remarks in support of my legislation here or by clicking the image below.

    Mornings with Maria on Fox Business

    I joined Mornings with Maria on Fox Business to discuss the Republican Study Committee’s efforts to codify President Trump’s executive orders into law, President Trump signing my legislation to repeal the natural gas tax into law, President Trump and Secretary Hegseth’s announcement of the contract to build the next generation F-47 that will be the most lethal aircraft the U.S. Air Force has ever seen, and much more.

    You can watch the full interview here or by clicking the image below.

    Keeping the Lights On in Texas

    As a member of the U.S. House Energy and Commerce Committee, I joined my colleagues in questioning witnesses on energy grid reliability. Pablo Vegas, President and Chief Executive Officer for the Electric Reliability Council of Texas, Inc. (ERCOT), was among the witnesses called to testify.

    I believe in the ‘best of the above’, not ‘all of the above’ approach to energy production. This is why, during the hearing, I questioned Mr. Vegas on the pressing need to invest in long-duration, dispatchable resources to support grid reliability in Texas. As the demand for electricity continues to rise, we must invest in secure and reliable resources to power the future.

    You can watch my full line of questioning here or at the link below.

    Meeting with Texas-11 in Washington

    This week, I met with several community leaders and partners in Washington, which is always a pleasure. Thank you all for taking the time to discuss how we can implement smart, commonsense policies to strengthen Texas-11!

    2025 Congressional Art Competition

    My office is accepting submissions for the 2025 Congressional Art Competition. This competition gives high school students from across Texas-11 the opportunity to have their artwork displayed in the U.S. Capitol Building.

    This year’s theme is ‘Texas to Me’ and students will have until April 21st to submit their artwork. Information on the Congressional Art Competition, including how to apply, can be found on the Congressman’s website by clicking here.

    RULES

    · Artwork must be two-dimensional and original in concept, design, and execution. Art must follow the theme of ‘Texas to Me.’

    · The artwork’s dimensions can be no larger than 26 inches high, 26 inches wide, and 4 inches deep. Accepted mediums for the two-dimensional artwork are as follows:

    · Paintings: oil, acrylics, watercolor, etc.

    · Drawings: colored pencil, pencil, ink, marker, pastels, charcoal (It is recommended that charcoal and pastel drawings be fixed.)

    · Collages: must be two-dimensional

    · Prints: lithographs, silkscreen, block prints

    · Mixed Media: use of more than two mediums such as pencil, ink, watercolor, etc.

    · Computer-generated art

    · Photographs

    Students are highly encouraged to review the competition’s complete rules and regulations on our congressional website or contact Carol Cunningham in the Llano District Office at Carol.Cunningham@mail.house.gov with any questions.

    REMINDER: If you are in need of assistance with a federal agency, my office is here to help. For more information, please visit our website HERE.

    Thank you for reading. It is the honor of my lifetime to serve you in Congress. Please follow me on Facebook, Instagram, and X (formerly Twitter) for daily updates.

    MIL OSI USA News –

  • MIL-OSI USA: ICYMI: Rep. Pfluger Joined Maria Bartiromo on Mornings with Maria

    Source: United States House of Representatives – Congressman August Pfluger (TX-11)

    Today, Congressman August Pfluger (TX-11) joined Maria Bartiromo on Mornings with Maria to discuss President Trump signing his legislation to repeal the natural gas tax into law, President Trump and Secretary Hegseth’s announcement of the F-47 fighter jet contract, the importance of reliable electricity sources to support American energy independence, and much more.

    Read highlights of the conversation below, or click HERE to watch the full interview.

    On Rep. Pfluger’s CRA to repeal former President Biden’s harmful natural gas tax being signed into law:

    “Last week, I had the honor of being in the Oval Office with President Trump signing into law just the second piece of legislation that was signed into law, which repealed the methane tax, the natural gas tax that President Biden did to assault the industry, and that’s just the beginning. We’re going to keep going on this. What President Trump did on day one by enacting a national emergency for our energy security sector, was to unleash American energy to make sure that we could cut the red tape, that we could use the resources that we have right here underneath our feet, and that we could lower the cost of energy for every single American. So again, being in the Oval Office to sign into law, to codify into law, his executive orders last Friday to repeal the natural gas tax was a huge honor.”

    On President Trump and Secretary Hegseth’s announcement of the F-47 fighter jet contract:

    “This one is near and dear to my heart. I spent a tremendous amount of time in my professional career flying the F-22 and have advocated very vocally for this next-generation air dominance, called the sixth-generation platform, which allows us to move into the next phase where we have deterrence, where we can hold China at bay. Look at our Air Force right now. It’s no secret that we are the smallest. We’ve grown to the least capable that we’ve been in decades. So with President Trump, this is promises made, promises kept. He said he was going to recapitalize our military. He said he was going to bring our military back to prominence. That’s exactly what the F-47 represents. I’m so proud that he and Secretary Hegseth made this decision. It’s the right choice, and it will bring our military back into a position where we can deter actors, like the Chinese Communist Party, who have come a long way in their weapons systems and their technology. We know that they don’t just have a regional goal for hegemony. They actually have a worldwide goal. So the F-47 represents American power, and American ability to deter. It is near and dear to my heart, so I am very proud that they’ve made this decision.”

    On the importance of reliable electricity sources to support American energy independence:

    “We had a hearing on this this week in the Energy and Commerce Committee. It’s something that the Republican Study Committee is looking at as well. We know that what the Biden administration did by picking winners and losers in unreliable energy sources has led us to a deficiency of electricity, and we know that in the coming years, just in three to five years in fact, there may be a 50% to 100% increase in the demand for electricity. So every source that we have is going to have to play a role, but obviously, reliable sources like nuclear, like natural gas, are going to play an increasingly more important role. What President Trump is doing to bring businesses, manufacturing, and industry back to the United States is the right call, but it requires affordable, reliable electricity. That is something that this country has to get our arms around. You mentioned permitting reform – we’re going to have to do that as well to allow the transmission of electricity to businesses. And just look at Texas, where we have a tremendous amount of industry that has flocked to our pro-business state in the last four years.”

    Background:

    On the CRA: In the 119th Congress and alongside President Trump, Rep. Pfluger is committed to restoring American energy dominance and championing legislation that will directly benefit the incredible energy workers in the Permian Basin and across America. Earlier this month, President Trump signed Rep. Pfluger’s Congressional Review Act (CRA) to reverse Biden’s ill-conceived natural gas tax into law. This is just the beginning.

    On the F-47: Rep. Pfluger is also the only fifth-generation fighter pilot in Congress with hundreds of hours of combat experience in the F-22. He founded the MACH-1 caucus which focuses on AirPower and maintaining our competitive advantage in air superiority.

    On reliable electricity sources: Earlier this week, Rep. Pfluger participated in the House Energy and Commerce Committee Energy Subcommittee Hearing titled, “‘Keeping The Lights On’ Examining The State Of Regional Grid Reliability.” During his line of questioning, ERCOT’s President and CEO, Mr. Vegas, confirmed to Rep. Pfluger that there is a pressing need to invest in long-duration, dispatchable resources to support the Texas grid reliably.

    MIL OSI USA News –

  • MIL-OSI USA: Attorney General Bonta Celebrates Early Win Halting the Destruction of the CFPB

    Source: US State of California

    Friday, March 28, 2025

    Contact: (916) 210-6000, agpressoffice@doj.ca.gov

    OAKLAND — California Attorney General Rob Bonta today issued the following statement in response to a court granting a preliminary injunction in National Treasury Employees Union v. Vought, a lawsuit challenging the Trump Administration’s efforts to dismantle the Consumer Financial Protection Bureau (CFPB). The decision prevents the Trump Administration from further demolishing the agency vital to federal consumer protections while litigation in this case proceeds. Last month, Attorney General Bonta joined a coalition of attorneys general in submitting an amicus brief arguing that the shuttering of the CFPB would cause catastrophic harm to consumer protections nationwide and leave state agencies with the sole responsibility to protect consumers from conduct regulated by the CFPB. 

    “The CFPB is the top cop protecting American families who want to buy a home and people who want to borrow money to buy a car or attend college. The CFPB is for everyone. This agency fights for hardworking people who don’t want to get cheated by big banks and predatory lenders and protects a level playing field where businesses can succeed on merit rather than by cutting corners and cheating their customers,” said Attorney General Bonta. “The court order today prevents the Trump Administration from continuing its illegal attempt to destroy the agency looking out for consumers across the country. I celebrate this early win and will continue to use the power of my office to advocate for essential consumer protections nationwide.”

    # # #

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to Kentucky Small Businesses and Private Nonprofits Affected by May Storms

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Kentucky of the April 23, 2025, deadline to apply for low interest federal disaster loans to offset economic losses caused by the severe storms, straight-line winds, tornadoes, landslides and mudslides occurring on May 21-27, 2024. 

    The disaster declaration covers the counties of Allen, Barren, Bell, Boyd, Butler, Caldwell, Calloway, Carter, Christian, Clay, Crittenden, Edmonson, Graves, Grayson, Greenup, Hopkins, Jackson, Knox, Laurel, Leslie, Lewis, Logan, Lyon, Marshall, McCreary, McLean, Muhlenberg, Ohio, Owsley, Perry, Simpson, Todd, Trigg, Warren, Webster and Whitley in Kentucky, as well as Lawrence and Scioto counties in Ohio, and Campbell, Claiborne, Henry, Montgomery, Robertson, Stewart and Sumner counties in Tennessee. 

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

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

    “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.” 

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

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

    The deadline to return economic injury applications is April 23, 2025. 

    ### 

    About the U.S. Small Business Administration 

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

    MIL OSI USA News –

  • MIL-OSI: Evome Medical Technologies Provides Market Update

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 28, 2025 (GLOBE NEWSWIRE) — Evome Medical Technologies Inc. (the “Company” or “Evome”) (TSXV: EVMT) is providing an update to shareholders today.

    As important background:

    Evome generates revenue from three main revenue lines:

    1. “DaMar”. This a business-to-business revenue line. Located in California, DaMar Plastics Manufacturing, Inc. (“DaMar”) offers contract manufacturing to a highly concentrated group of customers that then sell those products under their own brand name.
    2. “Biodex”. Biodex Medical Systems, Inc. (“Biodex”) is a branded medical device business with approximately 50% of revenue originating from international distributors and the other 50% from domestic dealers.
    3. “The Tables Business”. This a business-to-business revenue line of Biodex. This business unit is co-located in Biodex’s factory in New York. It offers contract manufacturing to only one customer that then sells those products under their own brand name.

    Business Update:

    1. Input costs expected to rise: As for input costs, each business line may be subject to increases in raw material costs caused by potential tariffs. Additionally, Biodex expects to be subject to retaliatory tariffs on the sale of its products outside the United States. Therefore, Biodex is working to understand the effect on prices to both domestic and international customers. Biodex plans to work with customers given the impacts of these potential price increases and their effect upon demand, cash flow and the value of each business line.
    2. Asset-based loan lender exits: The Company’s asset-based loan (“ABL”) provider has notified Evome that it will no longer continue lending to Evome’s subsidiaries. The total ABL debt has been reduced from $6,537,209 on March 31, 2024 to the current ABL debt level of $2,9049,634 as of March 27, 2025. As a result, the total balance has fallen below the minimum debt level requirement. While the ABL lender is working with the Company and its subsidiaries to ensure a smooth transition as it retires the ABL debt, all business units are expected to face a cash flow challenge through this period. The Company has negligible working capital currently.
    3. New management: The Company has entrusted a new management team to navigate through these challenges. Michael Seckler (CEO and a director of the Company), Wanye Anderson (a director of the Company), Lana Newishy (a director of the Company) and Bill Garbarini (COO) have resigned, and Chris Heath, a recently appointed director of the Company, has been appointed Interim CEO through this transition period. Kenneth Kashkin, MD, will remain on the Board of Directors as Vice-Chairman.
    4. No funds for audit: Given the current financial condition of the Company, including its current cash position, the reduction of the ABL and the potential of negative impacts of possible tariff policy, the Company does not currently have excess funds to pay for the year end audit as it will use all funds to continue manufacturing and shipping products to customers. It therefore expects to miss the deadline of April 30, 2025 (the “Filing Deadline”) to file the Company’s audited annual financial statements and management discussion & analysis for the financial year ended December 31, 2024, and the CEO and CFO certificates, all as required by National Instrument 51-102 – Continuous Disclosure Obligations and National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings (collectively, the “Documents”). As a consequence, the Company anticipates the imposition by the British Columbia Securities Commission of a Failure-to-File Cease Trade Order (“FFCTO”). There is no other reason known to management preventing the completion of the audit other than a lack of available funds. Accordingly, the Company is making efforts to complete an audit and file the Documents as soon as is financially feasible.
    5. Customers: Biodex has a back log of orders of over $6,228,854 as of May 27, 2025 from existing customers that Biodex intends to fulfill. DaMar and “The Tables” business continue to operate and ship products to their respective customers.
    6. DaMar Sale: As announced on May 30, 2024, DaMar is actively being marketed for sale.

    The Company is currently finalizing a plan to navigate these challenges and will provide updates to shareholders through future press releases. The Company is committed to delivering high quality products to its customers and continues to make deliveries as it works with suppliers and customers to adjust to the current conditions.

    “I was asked by the outgoing management and board members to come into a challenging situation, where I am a large shareholder and, with all other shareholders, at the bottom of the capital/debt stack,” said Mr. Michael Dalsin, Chairman. “With the reduction of operating debt, as well as acquisition debt, the company now faces a cash flow issue that will need to be navigated. The fact that there is currently negligible working capital makes this process very challenging. Additionally, the impact of tariffs remains uncertain at the moment. But we do anticipate that our raw material costs, largely made up of aluminum and steel, may increase and the effect on revenues is difficult to predict. As we have a large stock of inventory on hand, I feel confident we can continue to deliver products to customers and generate revenue as we look for solutions to this challenge.”

    “Chris Heath and I will work to overcome the challenges,” continued Mr. Dalsin. “There is substantial debt at the operating subsidiary level, the Company’s sole assets, that ultimately stands in front of shareholders equity. Simply put, we hope to have sufficient cash flow and value in the three businesses to pay off the debt in full with additional cash left over, preserving some measure of equity value if possible.”

    The Company will update the market by press release as the plan unfolds, and will not conduct one-on-one calls with any investors or market participants to avoid the perception of selective disclosure.

    Michael Dalsin
    Chairman
    Tel: 1 (800) 760-6826 ‎
    Email: info@salonaglobal.com‎

    Additional Information

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Unless otherwise specified, all financial information is presented in Canadian dollars (“$”, “dollars” and “C$”).

    There can be no assurance that the disposition of DaMar will ‎be completed or the sale price or timing of any ‎disposition. Completion of any transaction will be subject to, amongst other things, ‎negotiation and execution of definitive agreements, and applicable ‎director, shareholder ‎and ‎regulatory approvals.‎

    Certain statements contained in this press release constitute “forward-looking information” within the meaning of the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. These statements can be identified by the use of forward-looking terminology such as “expects” “believes”, “estimates”, “may”, “would”, “could”, ‎‎”should”, “potential”, ‎‎‎‎‎”will”, “seek”, “intend”, “plan”, and “anticipate”, and similar expressions as they relate ‎‎‎‎to the Company, including, without limitation: the impact of tariffs on the costs of raw materials; Biodex being subject to retaliatory tariffs on the sale of its products outside the United States; Biodex having to increase prices to both domestic and international customers; statements with respect to the issuance and timing of an FFCTO; and the filing of the Documents; the Company successfully disposing of DaMar and the use of such proceeds; and the amount of acquisition debt the Company would be able to eliminate upon the sale of DaMar. All ‎statements ‎other than statements of ‎historical fact may be forward-looking‎ information. Such statements reflect the Company’s current views and intentions with respect to future ‎events, and current information available to the Company, and are subject to certain risks, ‎uncertainties and assumptions. The Company cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected by such statements. Such factors include but are not limited to the ‎‎general business and ‎‎economic ‎conditions in the regions in ‎which the Company operates; the ability of the Company to execute on key ‎‎priorities, ‎including the successful completion of acquisitions, business‎ retention, and‎‎ strategic plans and to‎‎ attract, develop ‎and retain key executives; difficulty integrating newly acquired businesses; ‎‎ongoing or new disruptions in the supply chain, the extent and scope of such supply chain disruptions, and the timing or extent of the resolution or improvement of such disruptions; the ability to‎‎‎ implement business strategies and pursue business opportunities; ‎‎disruptions in or attacks (including ‎cyber-attacks) on the Company’s information technology, internet, network access or other ‎‎voice or data ‎communications systems or services; the evolution of various types of fraud or other ‎‎‎criminal behavior to which ‎ the Company is exposed; the failure of third parties to comply with their obligations to ‎‎ the Company or its ‎affiliates; the‎ impact of new and changes to, or application of, current laws and regulations; ‎granting of permits and licenses in a highly regulated business; the ‎overall difficult ‎‎‎‎‎litigation environment, including in the United States; increased competition; changes in foreign currency rates; ‎increased ‎‎‎‎funding ‎costs and market volatility due to market illiquidity and competition for funding; the ‎availability of funds ‎‎‎‎and resources to pursue operations; critical ‎accounting estimates and changes to accounting standards, policies,‎‎‎‎ and methods used by the Company; the occurrence of natural and unnatural‎‎ catastrophic ‎events ‎and claims ‎‎‎‎resulting from such events; as well as those risk factors discussed or ‎referred to ‎in the ‎Company’s disclosure ‎documents filed with United States Securities and Exchange Commission ‎and ‎available at ‎www.sec.gov, and with ‎the securities regulatory authorities in certain provinces of Canada and ‎‎available at ‎www.sedarplus.com. Should any ‎factor affect the Company in an unexpected manner, or should ‎‎assumptions underlying ‎the forward-looking ‎information prove incorrect, the actual results or events may differ ‎‎materially from the results ‎or events predicted. ‎Any such forward-looking information is expressly qualified in its ‎‎entirety by this cautionary ‎statement. Moreover, ‎the Company does not assume responsibility for the accuracy or ‎‎completeness of such ‎forward-looking ‎information. The forward-looking information included in this press release ‎‎is made as of the ‎date of this press ‎release and the Company undertakes no obligation to publicly update or revise ‎‎any forward-‎looking information, ‎other than as required by applicable law‎.

    The MIL Network –

  • MIL-OSI USA: National Flood Insurance Policyholders in Kentucky Can Apply for FEMA Assistance

    Source: US Federal Emergency Management Agency

    Headline: National Flood Insurance Policyholders in Kentucky Can Apply for FEMA Assistance

    National Flood Insurance Policyholders in Kentucky Can Apply for FEMA Assistance

    Frankfort, KY- If you were affected by the recent severe storms in Kentucky and have an insurance policy through the National Flood Insurance Program (NFIP), you may still be eligible for disaster assistance

    FEMA encourages everyone who was impacted by this disaster to apply for assistance in addition to filing a claim with your insurance company

    Disaster assistance may be able to help fill in the financial gaps that your insurance company will not cover

     NFIP Policyholders May be Eligible for Individual AssistanceFor eligible individuals, FEMA disaster assistance may help with uncovered expenses like temporary housing assistance or other needs, such as essential home repairs, essential personal property replacement, and other serious disaster-related needs not covered by insurance or other sources

    Use both resources as intended: accept FEMA assistance for immediate emergency needs while simultaneously pursuing your full insurance claim

    FEMA cannot provide money for expenses covered by insurance or duplicate benefits from another source

    Be sure to inform FEMA about your insurance coverage and claim status, and likewise inform your insurer about any FEMA assistance received

    It is important to keep detailed records to avoid duplicate payments for identical losses and comply with repayment requirements if overlaps occur

    For more information on what to do after a flood and how to start your flood claim, please visit floodsmart

    gov

    How To Apply for FEMA AssistanceIf you live in Breathitt, Clay, Estill, Floyd, Harlan, Johnson, Knott, Lee, Leslie, Letcher, Martin, Owsley, Perry, Pike, Simpson or Woodford County, and haven’t yet applied for FEMA assistance, you may still complete an application

    The deadline to apply for FEMA assistance is Friday, April 25

    You can visit a Disaster Recovery Center (DRC) to meet face to face with specialists from FEMA to get assistance filling out your application

    The Small Business Administration (SBA) and other state and local agencies are also in DRCs to answer questions about disaster assistance and other recovery resources

    You may also upload any documents needed for applications at the centers

    If you are unable to visit a DRC, there are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    For an accessible video on how to apply for FEMA assistance, go to youtube

    com/watch?v=WZGpWI2RCNw

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860

    Follow the FEMA Region 4 X account at x

    com/femaregion4

       
    martyce

    allenjr
    Fri, 03/28/2025 – 20:02

    MIL OSI USA News –

  • MIL-OSI USA: Deadline to Submit Right of Entry Forms Extended to April 15

    Source: US Federal Emergency Management Agency

    Headline: Deadline to Submit Right of Entry Forms Extended to April 15

    Deadline to Submit Right of Entry Forms Extended to April 15

    Owner occupied condos and multi-family units now eligible for government funded debris removal program

    The deadline to submit a Right of Entry (ROE) form to be eligible for debris removal by the U

    S

    Army Corps of Engineers (USACE) has been extended to April 15, 2025

     The federally funded debris removal program consists of structural debris removal and requires an ROE form, completed by the property owner and submitted either online or downloaded and submitted in person at a Disaster Recovery Center

     There is no out-of-pocket cost to have debris removed by USACE, however FEMA is unable to duplicate other forms of funding specific to debris removal

    If a property has insurance for debris removal, any residual amount not used by the property owner must be provided through the county to offset the cost of debris removal

     All property owners should submit an ROE form by April 15, 2025, either opting into the program or opting out

     FEMA’s authority is typically limited to the removal of debris from public areas, including public schools or administrative facilities

    In response to the Los Angeles wildfires, FEMA’s authority has been extended beyond public area debris removal to include single family residences to help mitigate the immediate public health threat and accelerate the economic recovery of impacted communities

    Based on a request made this week by the State of California, FEMA has also added owner occupied multi-family units

     Federal Debris Removal Program EligibilitySingle-Family PropertiesPrivate, residential single-family properties are eligible

    Homeowners must opt-in to debris removal by submitting an ROE form by the April 15 deadline

    Multi-Family PropertiesOwner OccupiedEach owner of a destroyed unit in a condominium or duplex must submit an ROE form, as well as the homeowner’s association of the building

    This allows the county, state, and FEMA to assess the property for eligibility for PPDR

    Residential commercial properties that contain at least one owner-occupied home are eligible for federally funded debris removal

    This includes most condominium and some multi-family buildings, even if there is a mix of owner-occupied and rental units within the same building

    Renter OccupiedRental units are generally not eligible

    The owner of the apartment business is expected to use their insurance and hire a licensed contractor to conduct debris removal

    See guidance for commercial properties below

    Apartment tenants may be eligible for FEMA’s Individual Assistance program to help them rent another place to live and/or replace personal property that was destroyed in the fire

    Applications for the FEMA Individual Assistance program must be submitted by March 31

    Apply online at DisasterAssistance

    gov, by calling the FEMA helpline at 1-800-621-3362, or by visiting a Disaster Recovery Center

     Commercial PropertiesGenerally, commercial properties are not eligible for federally funded debris removal

    FEMA has limited abilities to fund this cleanup

    Commercial property owners should work with their insurance company and begin debris removal as soon as possible

    If extenuating circumstances exist, businesses owners should communicate them to Los Angeles County

    Businesses may also qualify for SBA low interest loans to assist in their recovery and supplement insurance

    To apply for an SBA loan, property owners should visit sba

    gov/disaster, call 1-800-659-2955, or visit a Disaster Recovery Center or Business Recovery Center

    The deadline for submitting an SBA disaster loan application is March 31

    Public Buildings and Eligible Private Non-ProfitsPublic applicants and eligible Private Non-Profits (PNPs) that perform an essential service as defined under 44 CFR 206

    223 may be eligible for debris removal

     Contact Los Angeles County if you need more information about debris removal: Visit the LA County Debris Removal Website: recovery

    lacounty

    gov/debris-removal/ Call LA County’s Public Works Fire Debris Hotline: 844-347-3332Follow FEMA online, on X @FEMA or @FEMAEspanol, on FEMA’s Facebook page or Espanol page and at FEMA’s YouTube account

    For preparedness information follow the Ready Campaign on X at @Ready

    gov, on Instagram @Ready

    gov or on the Ready Facebook page

    California is committed to supporting residents impacted by the Los Angeles Hurricane-Force Firestorm as they navigate the recovery process

    Visit CA

    gov/LAFires for up-to-date information on disaster recovery programs, important deadlines, and how to apply for assistance

    alberto

    pillot
    Fri, 03/28/2025 – 19:26

    MIL OSI USA News –

  • MIL-OSI USA: Lt. Gov. Luke – RELEASE: Promoting Hawaiʻi’s Agricultural Sector

    Source: US State of Hawaii

    Lt. Gov. Luke – RELEASE: Promoting Hawaiʻi’s Agricultural Sector

    Posted on Mar 28, 2025 in Latest Department News, Newsroom

     STATE OF HAWAIʻI
     KA MOKU ʻĀINA O HAWAIʻI

     

    SYLVIA LUKE
     LIEUTENANT GOVERNOR
    KE KEʻENA O KA HOPE KIAʻĀINA

    FOR IMMEDIATE RELEASE
     March 28, 2025

    PROMOTING HAWAIʻI’S AGRICULTURAL SECTOR
     Hawaiʻi Leaders Advocate for Agriculture Issues in Washington, D.C.

     

    HONOLULU — A delegation of over 20 leaders in farming, ranching, and commerce returned after completing a successful visit with the U.S. Department of Agriculture (USDA) in Washington, D.C.  This marked the 2nd Annual Hawaiʻi-USDA Policy Summit, led by Lieutenant Governor Sylvia Luke, and focused on highlighting Hawaiʻi’s unique and essential agricultural sector at the federal level.

     

    “Our first delegation visit with USDA gave participants an introduction to the vast support USDA offers all states and sparked the opportunity for greater partnership between USDA and Hawaiʻi,” said Lt. Gov. Luke. “We need to continuously strengthen local food production and support our agriculture community. Identifying key opportunities for collaboration with the USDA is crucial to ensure Hawaiʻi’s agricultural industry has the necessary resources to thrive.”

     

    The delegation of state, non-profit, business, and community leaders marked the first state delegation to visit the USDA and meet with newly sworn-in U.S. Secretary of Agriculture Brooke Rollins.

     

    “Hawaiʻi’s agriculture feeds our nation and shapes its spirit,” said U.S. Secretary of Agriculture Brooke Rollins. “I am excited to continue working to put our farmers first and working to lift burdensome regulatory barriers.”

     

    In addition to meeting with Secretary Rollins, the delegation had meetings with multiple agencies within the USDA, including Agricultural Research Service, Agriculture Marketing Service, Animal and Plant Health Inspection Service, Farm Service Agency, Food Safety Inspection Service, National Agricultural Statistics Service, Natural Resources Conservation Service, Office of Partnerships and Public Engagement, and Rural Development.

     

    The delegation also met with national industry associations, including the American Farm Bureau Federation and the National Cattlemen’s Beef Association.

     

    “The farmers and ranchers of Hawaiʻi are so grateful for Lieutenant Governor Luke’s foresight and creativity in putting this delegation together and the USDA’s quick response in providing this opportunity to us,” said Darren Strand, President of Hawaiʻi Farm Bureau. “Hawaiʻi agriculture has such unique obstacles and challenges, and these meetings help us align federal resources with our local, island needs.  Strengthening the crucial relationship between Hawaiʻi and the USDA allows Hawaiʻi’s farmers and ranchers to thrive in uncertain times and evolving agricultural landscape.”

     

    The visit provided local farmers, ranchers, and advocates the opportunity to express the critical role of Hawaiʻi agricultural production in communities statewide. Hawaiʻi’s agricultural imports and exports, truth in labeling, expanding biosecurity protections within the state, and supporting more production of local agriculture were key priorities of the policy summit.

     

    “We have learned that when you show up, you show how serious you are about advocating for your needs,” said Nicole Galase, Managing Director of the Hawaii Cattlemen’s Council. “Bringing together such a wide representation of agriculture leaders shows a united voice for the State of Hawaiʻi — that we are an essential part of the US food system.”

     

    2025 Hawaiʻi-USDA Policy Summit Attendees

    Lieutenant Governor Sylvia Luke

    Hawaiʻi Department of Agriculture Chairperson Sharon Hurd

    Hawaiʻi Department of Transportation Director Ed Sniffen

    Hawaiʻi Department of Business, Economic Development, and Tourism Deputy Director Dane Wicker

    Senator Tim Richards

    Office of Senator Mike Gabbard

    Agribusiness Development Corporation

    Hawaiʻi Invasive Species Council

    University of Hawaiʻi College of Tropical Agriculture and Human Resources

    Alaska Airlines

    Hawaiʻi Farm Bureau

    Hawaii Cattlemen’s Council

    Hawaii Crop Improvement Association

    Hawaii Macadamia Nut Association

    Island Harvest

    Synergistic Hawaii

    Agricultural Council

    Bayer Hawaiʻi

    Mahi Pono

    Maui Gold Pineapple

     

     

    ###

     

    Media Contact:

    Shari Nishijima  

    Communications Director  

    Office of the Lieutenant Governor  

    (808) 978-0867  

    MIL OSI USA News –

  • MIL-OSI USA: PROMOTING HAWAIʻI’S AGRICULTURAL SECTOR

    Source: US State of Hawaii

    Hawaiʻi Leaders Advocate for Agriculture Issues in Washington, D.C.

    HONOLULU — A delegation of over 20 leaders in farming, ranching, and commerce returned after completing a successful visit with the U.S. Department of Agriculture (USDA) in Washington, D.C.  This marked the 2nd Annual Hawaiʻi-USDA Policy Summit, led by Lieutenant Governor Sylvia Luke, and focused on highlighting Hawaiʻi’s unique and essential agricultural sector at the federal level.

    “Our first delegation visit with USDA gave participants an introduction to the vast support USDA offers all states and sparked the opportunity for greater partnership between USDA and Hawaiʻi,” said Lt. Gov. Luke. “We need to continuously strengthen local food production and support our agriculture community. Identifying key opportunities for collaboration with the USDA is crucial to ensure Hawaiʻi’s agricultural industry has the necessary resources to thrive.”

    The delegation of state, non-profit, business, and community leaders marked the first state delegation to visit the USDA and meet with newly sworn-in U.S. Secretary of Agriculture Brooke Rollins.

    “Hawaiʻi’s agriculture feeds our nation and shapes its spirit,” said U.S. Secretary of Agriculture Brooke Rollins. “I am excited to continue working to put our farmers first and working to lift burdensome regulatory barriers.”

    In addition to meeting with Secretary Rollins, the delegation had meetings with multiple agencies within the USDA, including Agricultural Research Service, Agriculture Marketing Service, Animal and Plant Health Inspection Service, Farm Service Agency, Food Safety Inspection Service, National Agricultural Statistics Service, Natural Resources Conservation Service, Office of Partnerships and Public Engagement, and Rural Development.

    The delegation also met with national industry associations, including the American Farm Bureau Federation and the National Cattlemen’s Beef Association.

    “The farmers and ranchers of Hawaiʻi are so grateful for Lieutenant Governor Luke’s foresight and creativity in putting this delegation together and the USDA’s quick response in providing this opportunity to us,” said Darren Strand, President of Hawaiʻi Farm Bureau. “Hawaiʻi agriculture has such unique obstacles and challenges, and these meetings help us align federal resources with our local, island needs.  Strengthening the crucial relationship between Hawaiʻi and the USDA allows Hawaiʻi’s farmers and ranchers to thrive in uncertain times and evolving agricultural landscape.”

    The visit provided local farmers, ranchers, and advocates the opportunity to express the critical role of Hawaiʻi agricultural production in communities statewide. Hawaiʻi’s agricultural imports and exports, truth in labeling, expanding biosecurity protections within the state, and supporting more production of local agriculture were key priorities of the policy summit.

    “We have learned that when you show up, you show how serious you are about advocating for your needs,” said Nicole Galase, Managing Director of the Hawaii Cattlemen’s Council. “Bringing together such a wide representation of agriculture leaders shows a united voice for the State of Hawaiʻi — that we are an essential part of the US food system.”

    2025 Hawaiʻi-USDA Policy Summit Attendees

    Lieutenant Governor Sylvia Luke

    Hawaiʻi Department of Agriculture Chairperson Sharon Hurd

    Hawaiʻi Department of Transportation Director Ed Sniffen

    Hawaiʻi Department of Business, Economic Development, and Tourism Deputy Director Dane Wicker

    Senator Tim Richards

    Office of Senator Mike Gabbard

    Agribusiness Development Corporation

    Hawaiʻi Invasive Species Council

    University of Hawaiʻi College of Tropical Agriculture and Human Resources

    Alaska Airlines

    Hawaiʻi Farm Bureau

    Hawaii Cattlemen’s Council

    Hawaii Crop Improvement Association

    Hawaii Macadamia Nut Association

    Island Harvest

    Synergistic Hawaii

    Agricultural Council

    Bayer Hawaiʻi

    Mahi Pono

    Maui Gold Pineapple

    MIL OSI USA News –

  • MIL-OSI USA: What They Are Saying: Trump Cabinet Voices Support for Cassidy’s Trade, Manufacturing Bill to Hold China Accountable

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy

    [embedded content]
    WASHINGTON – U.S. Senator Bill Cassidy, M.D. (R-LA) released a new video featuring vocal support from several of President Trump’s Cabinet nominees for his Foreign Pollution Fee Act to level the playing field with Chinese manufacturing and expand American production. 
    During their confirmation hearings, U.S. Treasury Secretary Scott Bessent, U.S. Commerce Secretary Howard Lutnick, U.S. Interior Secretary Doug Burgum, U.S. Energy Secretary Chris Wright, U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin, and U.S. Trade Representative (USTR) Jamieson Greer all express interest in the proposal, noting that it aligns well with the Trump administration’s trade agenda. These exchanges come after Cassidy, joined by U.S. Senator Lindsey Graham (R-SC), released a new discussion draft of their Foreign Pollution Fee Act for public comment.
    A range of industries has expressed support for Cassidy’s efforts to craft a trade policy that strengthens U.S. manufacturers’ competitiveness and counter unfair competition from China, including the Steel Manufacturers Association, the American Iron and Steel Institute, the Portland Cement Association, the Aluminum Association, and the Solar Energy Manufacturers for America (SEMA) Coalition.
    “A strong border measure will allow American steel producers to benefit from the fact that they are global leaders in emissions efficiency. This can be a key part of any long-term solution to safeguard the domestic steel industry from the devastating effects of global overcapacity,” said Philip K. Bell, President, Steel Manufacturers Association. “We are encouraged to see Senator Cassidy and numerous Trump administration officials show aligned interest in advancing this policy design. We stand ready to work with them to advance a trade policy that helps U.S. steel manufacturers compete on a level playing field.”
    “Steel made in the United States is the cleanest in the world. Senator Cassidy has rightly determined that legislation is needed to hold foreign polluters accountable for their dirtier products, while enhancing the competitiveness of American steel manufacturers. AISI looks forward to working with him and others in Congress to craft a foreign pollution fee that applies to all imported steel products with higher emissions than products made the U.S., without imposing a carbon fee or tax on American manufacturers,” said Kevin Dempsey, President and CEO of the American Iron and Steel Institute.
    “American cement manufacturers believe that a well-constructed border measure will allow them to leverage their leadership in emissions efficiency. This is essential for any lasting strategy to protect the domestic cement industry from any global challenges,” said Mike Ireland, President and CEO of the Portland Cement Association. “It’s great to see Senator Cassidy and Trump administration officials expressing support for this policy approach. We are prepared to continue to collaborate with them to advance a trade policy that strengthens the competitiveness of U.S. cement producers.”
    “The SEMA Coalition supports Senator Cassidy’s 2025 Foreign Pollution Fee Act. For American solar manufacturers to compete on a level playing field and outcompete China, we need innovative border measures such as a foreign pollution fee. Any successful, long-term strategy to reshore the solar value chain must prioritize taking these steps to safeguard the domestic solar industry from the impacts of global overcapacity,” said Mike Carr, Executive Director of the Solar Energy Manufacturers for America (SEMA) Coalition. “We are grateful for Senator Cassidy’s leadership and look forward to working closely with him and the administration to advance trade and tax policies that ensure a level playing field with China and longevity for U.S. solar manufacturers and workers.” 
    The US aluminum industry produces some of the cleanest aluminum products in the world while facing ongoing pressure from international producers not subject to traditional market forces. Smart tariff policy recognizes this and provides incentives for both domestic and international production of cleaner aluminum.” said Will Brown, VP of Government Relations and International Programs, The Aluminum Association. “At the Aluminum Association, we look forward to continuing to work with Senator Cassidy to advance trade policies that strengthen the U.S. aluminum industry and its competitiveness in the global marketplace.”
     “According to recently released data from the US International Trade Commission (ITC), the carbon intensity of American-made Oil Country Tubular Goods (OCTG) is well below that of OCTG produced by China and its satellites. This environmental dumping combines with other forms of unfair trade practices that need to be addressed. Senator Cassidy’s legislation is a major step in holding foreign producers from China and its satellites accountable, as it not only strengthens American industries but also supports a cleaner, more competitive market for all,” said Luca Zanotti, Chairman of the United States OCTG Manufacturers Association (USOMA).         
    The Foreign Pollution Fee Act: 
    Combats China’s Exploitation of Trade Rules: By countering the unfair practices of non-market economies like China, ensuring American manufacturers can compete and thrive on a level playing field.
    Strengthens Global Supply Chain Resilience: Diversifying trade relationships will reduce dependence on adversarial nations, making supply chains more secure against geopolitical disruptions and enhancing national security.
    Revitalizes American Manufacturing: By discouraging imports of pollution-intensive goods, this policy will bring jobs back home, strengthen domestic industries, and reduce reliance on foreign suppliers.
    Expands U.S. Export Markets: As high-polluting countries modernize their industries, they’ll increasingly demand American-made inputs, feedstocks, and cutting-edge technologies, opening new opportunities for U.S. exports.
    Deepens Trade Ties with Allies: By promoting partnerships with nations that share our economic and environmental values, the Foreign Pollution Fee Act builds a coalition against predatory practices by the Chinese Communist Party, supporting emerging markets and allies alike.
    Rewards Leadership in Cleaner Manufacturing: By incentivizing international partners to adopt cleaner production methods while ensuring that domestic manufacturers maintain a competitive edge by continuing to lead in industrial decarbonization.
    Background
    Cassidy and Graham introduced an earlier version of their Foreign Pollution Fee Act to level the playing field with Chinese manufacturing and expand American production in 2023.
    The Foreign Pollution Fee Act was a key topic at Cassidy’s Louisiana Energy Security Summit in October 2024.The summit featured ten panels that explored protecting U.S. interests from unfair trade practices, Louisiana’s low-pollution manufacturing advantage, and the role of natural gas in strengthening U.S. geopolitical influence. Panelists included presidents and CEOs from Entergy, First Solar, Buzzi UnicemUSA, Orsted, and Aluminum Technologies, former Trump administration officials, and leaders from Louisiana trade associations and major energy and Fortune 500 companies. 
    In September 2024, he released the 3rd episode of Bill on the Hill, where he highlights his Foreign Pollution Fee Act and discusses China’s growing economy and military coming at the expense of the American worker. After hearing fellow Americans share their concerns, Cassidy presented his plan to address the nexus between economic development, national security, and the environment. 
    He penned editorials in Foreign Affairs, The Washington Times, and jointly in the USA Today Network discussing the geopolitical threat that China poses to U.S. global standing. 
    In 2023, the Louisiana Senate and House of Representatives unanimously adopted a resolution urging Congress to pursue an industrial manufacturing and trade policy to counter competition from China. Learn more here. 

    MIL OSI USA News –

  • MIL-OSI USA: NASA Employee Meets Success at NASA Stennis

    Source: NASA

    A career path can unfold in unexpected ways. Ask NASA’s Rebecca Mataya.
    The journey to NASA’s Stennis Space Center near Bay St. Louis, Mississippi, was not planned but “meant to be,” she said.
    While working for a local business, the Picayune, Mississippi, native frequently delivered items to NASA Stennis. While making a delivery, Mataya noticed a construction worker who needed directions while waiting to receive a NASA Stennis visitor’s badge.
    “I stepped in by offering a map and highlighting the way,” Mataya said.
    This small moment of initiative caught the attention of the receptionist, who mentioned an opening at NASA Stennis. She noted that Mataya’s approach to the situation displayed the NASA Stennis culture of hospitality and a can-do attitude.
    “The rest is history,” she said. “Looking back, it was not just about finding a job – it was about NASA Stennis finding me, and me discovering a place where I would build a fulfilling career.”
    Since the first day of work when Mataya walked into NASA Stennis “in complete awe,” she has felt like every day is a learning experience filled with “wow” moments, like seeing a test stand up close and meeting rocket engineers. 
    The Carriere, Mississippi, resident worked as a support contractor from 2008 to 2022, filling various roles from lead security support specialist to technical writer and program manager.
    Her career path has progressed, where each role built upon the previous.
    As a budget analyst in the NASA Stennis Office of the Chief Financial Officer since 2022, Mataya oversees the planning, programing, budgeting, and execution of funds for all Office of Strategic Infrastructure work within the NASA Stennis Center Operations Directorate. She also manages budgets for the NASA Stennis Construction of Facilities projects, and the congressionally approved Supplemental Funding portfolio.
    “It is a role that requires adaptability, strategic thinking, and financial oversight,” she said. “I have cultivated these skills through years of experience, but more than that, it is a role that allows me to contribute something meaningful to the future of NASA and space exploration.”
    Mataya will complete a master’s degree in Business Administration from Mississippi State University in May. She previously earned her bachelor’s degree from Mississippi State and an associate degree from Pearl River Community College. 
    “My career has been shaped by growth and achievement, but the greatest highlight has always been the incredible people I have had the privilege of working with,” she said. “Walking the halls of NASA, where top leaders recognize me by name, is a testament to the trust and relationships I have built over the years.”
    Mataya said supervisors have consistently entrusted her with more complex projects, confident in her ability to rise to the challenge and deliver results. As a result, she has had opportunities to mentor interns and early-career professionals, guiding them as others once guided her.
    “Seeing my colleagues succeed and knowing they have reached their goals, and championing their progress along the way, remains one of the most rewarding aspects of my career,” she said.
    Mataya knows from experience that NASA Stennis offers opportunity and a supportive environment, not only for employees looking for career growth, but to customers seeking world-class testing facilities. “NASA Stennis is a place where collaboration thrives,” she said. “It is where NASA, tenants, and commercial partners come together as one cohesive community with a culture of mutual respect, support, and an unwavering commitment to excellence. As America’s largest rocket propulsion test site, NASA Stennis is evolving, and I look forward to seeing how our technological advancements attract new commercial partners and expand NASA’s capabilities.”

    MIL OSI USA News –

  • MIL-OSI Security: Texas Insurance Broker Sentenced in Scheme to Defraud Paycheck Protection Program

    Source: Office of United States Attorneys

    NASHVILLE – Shelby Lynn Hill, 54, of Crystal Beach, Texas, was sentenced earlier this week to one year and a day in prison for fraudulently obtaining and misusing Paycheck Protection Program (PPP) loans guaranteed under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, announced Robert E. McGuire, Acting United States Attorney for the Middle District of Tennessee. Hill also was ordered to repay $264,645 in restitution and a forfeiture money judgment, and she will be on supervised release for one year after she serves her sentence. Hill pled guilty in June 2024 to one count of wire fraud.

    Hill obtained several fraudulent PPP loans while living in Crossville, Tennessee. According to court documents and evidence presented to the court, Hill fraudulently obtained a $220,645 PPP loan for a fictitious business, Plateau Angus Farms, in 2020. She claimed to be the owner and operator of a cattle farm in Crossville. Hill told the PPP lender that Plateau Angus Farms employed 14 people and that its monthly payroll expenses exceeded $88,000. Hill submitted fake documents, including Forms W-2, and Tennessee Secretary of State records, as proof of her business. Hill received a $42,700 PPP loan for a second fictitious company, Premium Persians of the Plateau. She also misused the PPP loan proceeds awarded to a third company, Shelby Lynn Hill, MD PLLC, using a portion of the PPP loan to begin installation of a personal swimming pool.

    Hill was employed as a health insurance broker at the time she applied for the PPP loans. Some of the individuals she listed as employees on the Plateau Angus Farms PPP loan application were potential health insurance customers. Hill admitted that she was not authorized to use their names or personal identifiers to obtain PPP loans.

    The Paycheck Protection Program was created under the CARES Act and was intended to incentivize small businesses to keep their employees on payroll during the Covid-19 Pandemic. The PPP program was administered and guaranteed by the Small Business Association, a federal government entity.

    The Federal Bureau of Investigation, Cookeville Resident Agency, Nashville Field Office, investigated this case. Assistant U.S. Attorney Stephanie N. Toussaint prosecuted the case.

    # # # # #

    MIL Security OSI –

  • MIL-OSI: Conifer Holdings Reports 2024 Fourth Quarter and Year End Financial Results

    Source: GlobeNewswire (MIL-OSI)

    TROY, Mich., March 28, 2025 (GLOBE NEWSWIRE) — Conifer Holdings, Inc. (Nasdaq: CNFR) (“Conifer” or the “Company”) today announced results for the fourth quarter and year ended December 31, 2024.  

    Year End 2024 Financial Highlights

    • Net income allocable to common shareholders of $23.5 million
    • $61 Million gain on sale of insurance agency operations in August 2024
    • Continuing Personal Lines business profitable for the fourth quarter of 2024
    • Book value per share of $1.76 as of December 31, 2024

    Management Comments

    Brian Roney, CEO of Conifer, commented, “2024 was indeed a transitional year for Conifer Holdings as we successfully sold our insurance agency operations, paid down considerable debt, further strengthened reserves, streamlined our organization overall, and focused our production efforts on select personal lines going forward.”

    Reduction of Commercial Lines Business

    For the full year 2024, total Gross Written Premium was down almost 50% from the prior year, and Net Earned premium was down 27.5% for the same period. As a result of the sale of Conifer’s insurance agency operations, completed in August 2024, we anticipated and planned for this significant decline in Commercial Lines revenue. We expect Commercial Lines business to represent a diminishing percentage of total gross written premium going forward.

    Future premiums are expected to consist primarily of Personal Lines business, notably our homeowner’s insurance portfolio in Texas and the Midwest. As detailed in the Personal Lines results overview below, gross written premium for those lines of business for the fourth quarter of 2024 increased 10.6% from the prior year period and increased 23.4% for the full year 2024 over the prior year.

    Additional information regarding the disposal of Conifer’s agency business and its impact on future Company operations can be found in the Company’s 2024 Annual Report to be filed March 28, 2025 on Form 10-K.

    2024 Fourth Quarter and Full Year Financial Results Overview

           
      At and for the
    Three Months Ended December 31,    		   At and for the
    Year Ended December 31,
      2024   2023   % Change
    		   2024   2023   % Change
      (dollars in thousands, except share and per share amounts)
                           
    Gross written premiums $ 13,683     $ 24,398     -43.9 %   $ 72,053     $ 143,834     -49.9 %
    Net written premiums   9,526       15,329     -37.9 %     49,338       68,688     -28.2 %
    Net earned premiums   12,708       14,821     -14.3 %     60,862       83,935     -27.5 %
                           
    Net investment income   1,352       1,411     -4.2 %     5,763       5,447     5.8 %
    Net realized investment gains (losses)   –       (20 )   **     (125 )     (20 )   **
    Change in fair value of equity investments   (21 )     13     261.5 %     (203 )     608     -133.4 %
                           
    Net income (loss) allocable to common shareholders   (25,382 )     (19,479 )   -30.3 %     23,530       (25,923 )   **
     Net income (loss) allocable to common shareholders $ (2.08 )   $ (1.59 )   -30.3 %   $ 1.93     $ (2.12 )    
     per share, diluted                      
                           
    Adjusted operating income (loss)*   (25,821 )     (19,411 )   -33.0 %     (34,558 )     (27,867 )   -24.0 %
     Adjusted operating income (loss) per share, diluted* $ (2.11 )   $ (1.59 )   -32.7 %   $ (2.83 )   $ (2.28 )   -24.1 %
                           
    Book value per common share outstanding $ 1.76     $ 0.24         $ 1.76     $ 0.24      
                           
    Weighted average shares outstanding, basic and diluted   12,222,881       12,222,881           12,222,881       12,220,551      
                           
    Underwriting ratios:                      
     Loss ratio (1)   254.6 %     191.1 %         120.2 %     97.8 %    
     Expense ratio (2)   38.3 %     40.6 %         35.8 %     37.1 %    
     Combined ratio (3)   292.9 %     231.7 %         156.0 %     134.9 %    
                           
    * The “Definitions of Non-GAAP Measures” section of this release defines and reconciles data that are not based on generally accepted accounting principles.
    ** Percentage is not meaningful                      
    (1) The loss ratio is the ratio, expressed as a percentage, of net losses and loss adjustment expenses to net earned premiums and other income from underwriting operations.
    (2) The expense ratio is the ratio, expressed as a percentage, of policy acquisition costs and other underwriting expenses to net earned premiums and other income from underwriting operations.
    (3) The combined ratio is the sum of the loss ratio and the expense ratio. A combined ratio under 100% indicates an underwriting profit. A combined ratio over 100% indicates an underwriting loss.
                           

    2024 Fourth Quarter Gross Written Premium

    Gross written premiums decreased 43.9% in the fourth quarter of 2024 to $13.7 million, compared to $24.4 million in the prior year period. This decrease reflects the Company’s operational shift away from commercial lines insurance business given the sale of our agency group earlier in the year.

    Commercial Lines Financial and Operational Review

             
      Three Months Ended December 31,   Year Ended December 31,  
      2024   2023   % Change 2024   2023   % Change
    		  
      (dollars in thousands)  
                             
    Gross written premiums $ 3,124     $ 14,850     -79.0 %   $ 26,686     $ 107,078     -75.1 %  
    Net written premiums   488       7,009     93.0 %     14,541       36,580     -60.2 %  
    Net earned premiums   4,254       7,296     -41.7 %     28,160       59,221     -52.4 %  
                             
    Underwriting ratios:                        
    Loss ratio   650.8 %     316.7 %         184.8 %     105.7 %      
    Expense ratio   33.8 %     38.4 %         29.8 %     35.5 %      
    Combined ratio   684.6 %     355.1 %         214.6 %     141.2 %      
                             
    Contribution to combined ratio from net                        
    (favorable) adverse prior year development   550.9 %     205.5 %         118.5 %     32.3 %      
                             
    Accident year combined ratio (1)   133.7 %     149.6 %         96.1 %     108.9 %      
                             
    (1) The accident year combined ratio is the sum of the loss ratio and the expense ratio, less changes in net ultimate loss estimates from prior accident year loss reserves. The accident year combined ratio provides management with an assessment of the specific policy year’s profitability and assists management in their evaluation of product pricing levels and quality of business written.  
       
                             

    The Company’s commercial lines production was down 79% for the fourth quarter of 2024 and represented roughly 23% of total gross written premium in quarter. Commercial Lines net earned premium was down 41.7% for the same period. The Commercial Lines loss ratio for the quarter increased significantly as the Company’s management focused on additional commercial lines reserve strengthening overall.

    Personal Lines Financial and Operational Review

                             
      Three Months Ended December 31,   Year Ended December 31,  
      2024   2023   % Change
    		   2024   2023   % Change
    		  
      (dollars in thousands)  
                             
    Gross written premiums $ 10,559     $ 9,548     10.6 %   $ 45,367     $ 36,756     23.4 %  
    Net written premiums   9,038       8,320     8.6 %     34,797       32,108     8.4 %  
    Net earned premiums   8,454       7,525     12.3 %     32,702       24,714     32.3 %  
                             
    Underwriting ratios:                        
    Loss ratio   55.2 %     69.0 %         64.6 %     78.9 %      
    Expense ratio   40.6 %     42.7 %         41.1 %     40.7 %      
    Combined ratio   95.8 %     111.7 %         105.7 %     119.6 %      
                             
    Contribution to combined ratio from net                        
    (favorable) adverse prior year development   0.9 %     -2.6 %         0.8 %     -5.6 %      
                             
    Accident year combined ratio   94.9 %     114.3 %         104.9 %     125.2 %      
                             

    Personal Lines premium represented 77% of total gross written premium for the fourth quarter of 2024. Personal Lines production increased 10.6% from the prior year period to $10.6 million for the quarter, led by growth in the Company’s low-value dwelling line of business in Texas and the Midwest.

    Despite storm activity in the full year, the combined ratio for personal lines business improved significantly in 2024 compared to the same period in 2023.

    Combined Ratio Analysis

     
      Three Months Ended
    December 31,
    		     Year Ended
    December 31,
    		  
      2024   2023     2024   2023  
         
                       
    Underwriting ratios:                  
    Loss ratio 254.6 %   191.1 %     120.2 %   97.8 %  
    Expense ratio 38.3 %   40.6 %     35.8 %   37.1 %  
    Combined ratio 292.9 %   231.7 %     156.0 %   134.9 %  
                       
    Contribution to combined ratio from net (favorable)                  
    adverse prior year development 185.0 %   100.0 %     55.3 %   21.2 %  
                       
    Accident year combined ratio 107.9 %   131.7 %     100.7 %   113.7 %  
                       

    Net Investment Income
    Net investment income increased 5.8% to $5.8 million for the year ending December 31, 2024, compared to $5.4 million in the prior year period.

    Change in Fair Value of Equity Securities
    During the quarter, the Company reported a loss of $21,000 from the change in fair value of equity investments, compared to a $13,000 gain in the prior year period.

    Net Income (Loss) allocable to common shareholders
    The Company reported a net loss allocable to common shareholders of $25.4 million, or $2.08 per share, for the fourth quarter of 2024. For the full year 2024, the Company reported net income allocable to common shareholders of $23.5 million, or $1.93 per share.

    Adjusted Operating Income (Loss)

    In the fourth quarter of 2024, the Company reported an adjusted operating loss of $25.8 million, or $2.11 per share. See Definitions of Non-GAAP Measures.

    About Conifer Holdings
    Conifer Holdings, Inc. is a Michigan-based property and casualty holding company. Through its subsidiaries, Conifer offers specialty insurance coverage for both commercial and personal lines, marketing through independent agents. The Company is traded on the Nasdaq Capital Market under the symbol CNFR. Additional information is available on the Company’s website at www.ir.cnfrh.com.

    Forward-Looking Statement

    This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events or our future financial or operating performance, and include Conifer’s expectations regarding future revenue, premiums, earnings, its capital position, expansion, and business strategies. The forward-looking statements contained in this press release are based on management’s good-faith belief and reasonable judgment based on current information. The forward-looking statements are qualified by important factors, risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from those in the forward-looking statements, including those described in our Form 10-K (“Item 1A Risk Factors”) filed with the SEC on March 28, 2025 and subsequent reports filed with or furnished to the SEC. Any forward-looking statement made by us in this press release speaks only as of the date hereof or as of the date specified herein. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws or regulations.

    Definitions of Non-GAAP Measures
    Conifer prepares its public financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP). Statutory data is prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners’ (NAIC) Accounting Practices and Procedures Manual, and therefore is not reconciled to GAAP data.

    We believe that investors’ understanding of Conifer’s performance is enhanced by our disclosure of adjusted operating income. Our method for calculating this measure may differ from that used by other companies and therefore comparability may be limited. We define adjusted operating income (loss), a non-GAAP measure, as net income (loss) excluding: 1) net realized investment gains and losses, 2) change in fair value of equity securities 3) other gains and 4) net income from discontinued operations. We use adjusted operating income as an internal performance measure in the management of our operations because we believe it gives our management and other users of our financial information useful insight into our results of operations and our underlying business performance.

    Reconciliations of adjusted operating income (loss) and adjusted operating income (loss) per share:

       
        Three Months Ended December 31,   Year Ended December 31,  
        2024   2023   2024   2023  
        (dollar in thousands, except share and per share amounts)  
                     
    Net income (loss) $ (25,382 )   $ (19,460 )   $ 24,347     $ (25,904 )  
    Less:                
    Net realized investment gains (losses)   –       (20 )     (125 )     (20 )  
    Change in fair value of equity securities   (21 )     13       (203 )     608    
    Other gains   646       –       646       –    
    Net income from discontinued operations   (186 )     (42 )     58,587       1,375    
    Impact of income tax expense (benefit) from adjustments *   –       –       –       –    
    Adjusted operating income (loss) $ (25,821 )   $ (19,411 )   $ (34,558 )   $ (27,867 )  
                       
    Weighted average common shares, diluted   12,222,881       12,222,881       12,222,881       12,220,551    
                       
    Diluted income (loss) per common share:                
    Net income (loss) $ (2.08 )   $ (1.59 )   $ 1.99     $ (2.12 )  
    Less:                
    Net realized investment gains (losses)   –       –       (0.01 )     –    
    Change in fair value of equity securities   –       –       (0.02 )     0.05    
    Other gains   0.05       –       0.06       –    
    Net income from discontinued operations   (0.02 )     –       4.79       0.11    
    Impact of income tax expense (benefit) from adjustments *   –       –       –       –    
    Adjusted operating income (loss), per share $ (2.11 )   $ (1.59 )   $ (2.83 )   $ (2.28 )  
                       

    * The Company has recorded a full valuation allowance against its deferred tax assets as of December 31, 2024 and December 31, 2023, respectively. As a result, there were no taxable impacts to adjusted operating income from the adjustments to net income (loss) in the table above after taking into account the use of NOLs and the change in the valuation allowance.

             
    Conifer Holdings, Inc. and Subsidiaries  
    Consolidated Balance Sheets  
    (dollars in thousands)  
             
      December 31   December 31,  
       2024     2023   
    Assets        
    Investment securities:        
    Debt securities, at fair value (amortized cost of $117,827 and $ 105,665     $ 122,113    
    $135,370, respectively)        
    Equity securities, at fair value (cost of $1,836 and $2,385, respectively)   1,603       2,354    
    Short-term investments, at fair value   21,151       20,838    
    Total investments   128,419       145,305    
             
    Cash and cash equivalents   27,654       10,663    
    Premiums and agents’ balances receivable, net   9,901       29,364    
    Receivable from Affiliate   –       1,047    
    Reinsurance recoverables on unpaid losses   84,490       70,807    
    Reinsurance recoverables on paid losses   6,919       12,619    
    Prepaid reinsurance premiums   6,088       28,908    
    Deferred policy acquisition costs   6,380       6,405    
    Receivable from contingent considerations   8,070       –    
    Other assets   3,735       7,036    
    Assets from discontinued operations   –       3,452    
    Total assets $ 281,656     $ 315,606    
             
    Liabilities and Shareholders’ Equity        
    Liabilities:        
    Unpaid losses and loss adjustment expenses $ 189,285     $ 174,612    
    Unearned premiums   30,590       65,150    
    Reinsurance premiums payable   1       246    
    Debt   11,932       25,061    
    Funds held under reinsurance agreements   25,829       24,550    
    Premiums payable to other insureds   –       13,986    
    Liabilities from discontinued operations   –       4,083    
    Accounts payable and accrued expenses   2,494       5,029    
    Total liabilities   260,131       312,717    
             
    Commitments and contingencies   –       –    
             
    Shareholders’ equity:        
    Series A Preferred stock, no par value (10,000,000 shares authorized; 0 and 1,000      
    issued and outstanding, respectively)   –       6,000    
    Common stock, no par value (100,000,000 shares authorized; 12,222,881        
    issued and outstanding, respectively)   98,178       98,100    
    Accumulated deficit   (63,153 )     (86,683 )  
    Accumulated other comprehensive income (loss)   (13,500 )     (14,528 )  
    Total shareholders’ equity   21,525       2,889    
    Total liabilities and shareholders’ equity $ 281,656     $ 315,606    
             
             
    Conifer Holdings, Inc. and Subsidiaries
    Consolidated Statements of Operations (Unaudited)
    (dollars in thousands, except share and per share data)
                     
      Three Months Ended   Year Ended  
      December 31,   December 31,  
      2024   2023   2024   2023  
                     
    Revenue and Other Income                
    Premiums                
    Gross earned premiums $ 19,721     $ 38,115     $ 106,612     $ 146,572    
    Ceded earned premiums   (7,013 )     (23,294 )     (45,750 )     (62,637 )  
    Net earned premiums   12,708       14,821       60,862       83,935    
    Net investment income   1,352       1,411       5,763       5,447    
    Net realized investment gains (losses)   –       (20 )     (125 )     (20 )  
    Change in fair value of equity securities   (21 )     13       (203 )     608    
    Other gains   646       –       646       –    
    Other income   41       144       328       552    
    Total revenue and other income   14,726       16,369       67,271       90,522    
                     
    Expenses                
    Losses and loss adjustment expenses, net   32,349       28,470       73,302       82,413    
    Policy acquisition costs   3,535       2,392       13,335       15,797    
    Operating expenses   3,165       3,969       11,831       16,738    
    Interest expense   862       845       4,883       3,206    
    Total expenses   39,911       35,676       103,351       118,154    
                     
    Income (loss) from continuing operations before income taxes   (25,185 )     (19,307 )     (36,080 )     (27,632 )  
    Income tax expense (benefit)   11       111       (1,840 )     (353 )  
                     
    Net income (loss) from continuing operations $ (25,196 )   $ (19,418 )   $ (34,240 )   $ (27,279 )  
    Net income (loss) from discontinued operations   (186 )     (42 )     58,587       1,375    
    Net income (loss)   (25,382 )     (19,460 )     24,347       (25,904 )  
    Series A Preferred Stock Dividends and Redemption premium   –       19       817       19    
    Net income (loss) allocable to common shareholders   (25,382 )     (19,479 )     23,530       (25,923 )  
                     
    Earnings (loss) per common share, basic and diluted                
    Net income (loss) from continuing operations $ (2.06 )   $ (1.59 )   $ (2.87 )   $ (2.23 )  
    Net income (loss) from discontinued operations $ (0.02 )   $ (0.00 )   $ 4.79     $ 0.11    
    Net income (loss) allocable to common shareholders $ (2.08 )   $ (1.59 )   $ 1.93     $ (2.12 )  
                     
    Weighted average common shares outstanding,                
    basic and diluted   12,222,881       12,222,881       12,222,881       12,220,551    
                     

    For Further Information:
    Jessica Gulis, 248.559.0840
    ir@cnfrh.com

    The MIL Network –

  • MIL-OSI: Aimfinity Investment Corp. I Announces Approval by Shareholders of its Business Combination with Docter Inc.

    Source: GlobeNewswire (MIL-OSI)

    Wilmington, DE, March 28, 2025 (GLOBE NEWSWIRE) — Aimfinity Investment Corp. I (the “AIMA”) (Nasdaq: AIMAU), a special purpose acquisition company, today announced that, the previously announced business combination (the “Business Combination”) between AIMA and Docter Inc. (“Docter”), a Taiwanese health technology company, was approved at an extraordinary general meeting of shareholders (the “EGM”) of AIMA on March 27, 2025. Approximately 93.8% of the votes cast at the EGM were in favor of the Business Combination.

    In addition, in order to extend the date by which AIMA must complete the Business Combination from March 28, 2025 to April 28, 2025, on March 28, 2025, I-Fa Chang, manager of the sponsor of AIMA, deposited into AIMA’s trust account (the “Trust Account”) an aggregate of $55,823.80, or $0.05 per Class A ordinary share held by public shareholders of AIMA (the “Monthly Extension Payment”).

    Pursuant to AIMA’s fourth amended and restated memorandum and articles of association (“Current Charter”), effective January 9, 2025, AIMA may extend the date by which AIMA must complete the Business Combination on a monthly basis from January 28, 2025 until October 28, 2025 or such earlier date as may be determined by its board of directors by depositing the Monthly Extension Payment for each month into the Trust Account. This is the third of nine monthly extensions available under the Current Charter of AIMA.  

    About Aimfinity Investment Corp. I

    Aimfinity Investment Corp. I is a special purpose acquisition company (SPAC) focused on merging with high-growth potential businesses and facilitating their entry into the capital markets.

    About Docter Inc.

    Docter Inc. is a leading health technology company dedicated to developing innovative health monitoring solutions that enhance the accessibility and efficiency of global healthcare services.   

    Additional Information and Where to Find It

    As previously disclosed, on October 13, 2023, AIMA entered into that certain Agreement and Plan of Merger (as may be amended, supplemented or otherwise modified from time to time, the “Merger Agreement”), by and between AIMA, Docter, Aimfinity Investment Merger Sub I, a Cayman Islands exempted company and wholly-owned subsidiary of AIMA (“Purchaser”), and Aimfinity Investment Merger Sub II, Inc., a Delaware corporation and wholly-owned subsidiary of Purchaser (“Merger Sub”), pursuant to which AIMA is proposing to enter into a business combination with Docter involving an reincorporation merger and an acquisition merger. This press release does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the business combination. AIMA’s shareholders and other interested persons are advised to read, when available, the proxy statement/prospectus and the amendments thereto and other documents filed in connection with the proposed business combination, as these materials will contain important information about AIMA, Purchaser or Docter, and the proposed business combination. The proxy statement/prospectus and other relevant materials for the proposed business combination have been mailed to shareholders of AIMA as of the record date of February 25, 2025, established for voting on the proposed business combination. Such shareholders will also be able to obtain copies of the proxy statement/prospectus and other documents filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to AIMA’s principal office at 221 W 9th St, PMB 235 Wilmington, Delaware 19801.

    Forward-Looking Statements

    This press release contains certain “forward-looking statements” within the meaning of the Securities Act of 1933, as amended (the “Securities Act”) and the Securities Exchange Act of 1934, as amended. Statements that are not historical facts, including statements about the proposed transactions described herein, and the parties’ perspectives and expectations, are forward-looking statements. Such statements include, but are not limited to, statements regarding the proposed transaction, including the anticipated initial enterprise value and post-closing equity value, the benefits of the proposed transaction, integration plans, expected synergies and revenue opportunities, anticipated future financial and operating performance and results, including estimates for growth, the expected management and governance of the combined company, and the expected timing of the proposed transactions. The words “expect,” “believe,” “estimate,” “intend,” “plan” and similar expressions indicate forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties, assumptions (including assumptions about general economic, market, industry and operational factors), known or unknown, which could cause the actual results to vary materially from those indicated or anticipated.

    Such risks and uncertainties include, but are not limited to: (i) risks related to the expected timing and likelihood of completion of the proposed business combination, including the risk that the transaction may not close due to one or more closing conditions to the transaction not being satisfied or waived, such as regulatory approvals not being obtained, on a timely basis or otherwise, or that a governmental entity prohibited, delayed or refused to grant approval for the consummation of the transaction or required certain conditions, limitations or restrictions in connection with such approvals; (ii) risks related to the ability of AIMA and Docter to successfully integrate the businesses; (iii) the occurrence of any event, change or other circumstances that could give rise to the termination of the applicable transaction agreements; (iv) the risk that there may be a material adverse change with respect to the financial position, performance, operations or prospects of AIMA or Docter; (v) risks related to disruption of management time from ongoing business operations due to the proposed transaction; (vi) the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of AIMA’s securities; (vii) the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Docter to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally; (viii) risks relating to the medical device industry, including but not limited to governmental regulatory and enforcement changes, market competitions, competitive product and pricing activity; and (ix) risks relating to the combined company’s ability to enhance its products and services, execute its business strategy, expand its customer base and maintain stable relationship with its business partners.
      
    A further list and description of risks and uncertainties can be found in the prospectus filed with the Securities and Exchange Commission (the “SEC”) on April 26, 2022 relating to AIMA’s initial public offering (File No. 333-263874), the annual report of AIMA on Form 10-K for the fiscal year ended on December 31, 2023, filed with the SEC on July 29, 2024, and in the final prospectus/proxy statement filed with the SEC on March 6, 2025 relating to the proposed transactions (File No. 333-284658) (the “Final Prospectus”), and other documents that the parties may file or furnish with the SEC, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and AIMA, Docter, and their subsidiaries or affiliates undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

    Additional Information and Where to Find It

    In connection with the proposed transactions described herein, Purchaser filed the Final Prospectus with the SEC on March 6, 2025. The proxy statement and a proxy card will be mailed to AIMA’s shareholders of record as of February 25, 2025. Shareholders of AIMA will also be able to obtain a copy of the Final Prospectus without charge from AIMA. The Final Prospectus may also be obtained without charge at the SEC’s website at www.sec.gov. INVESTORS AND SECURITY HOLDERS OF AIMA ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE PROPOSED TRANSACTIONS THAT AIMA WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT AIMA, DOCTER AND THE PROPOSED TRANSACTIONS. 

    Participants in the Solicitation

    AIMA, Docter, and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of AIMA’s shareholders in connection with the proposed transactions described herein. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of AIMA’s shareholders in connection with the proposed business combination is set forth in the Final Prospectus.

    No Offer or Solicitation

    This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of any potential transaction and does not constitute an offer to sell or a solicitation of an offer to buy any securities of AIMA, Purchaser or Docter, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act or an exemption therefrom.

    Contact Information:

    Aimfinity Investment Corp. I
    I-Fa Chang
    Chief Executive Officer
    221 W 9th St, PMB 235
    Wilmington, Delaware 19801
    ceo@aimfinityspac.com

    The MIL Network –

  • MIL-OSI USA News: WEEK TEN WINS: President Trump Fuels America’s Golden Age

    Source: The White House

    Ten weeks into his second term, President Donald J. Trump keeps delivering transformative wins for the American people — empowering our workers, securing our nation, and cementing our leadership as the envy of the world.

    Here is a non-comprehensive list of wins in week ten:

    • President Trump’s effort to secure the homeland continued in force.
      • The Trump Administration directed the successful apprehension of a key MS-13 gang leader — an illegal immigrant living in Virginia and operating as one of the top three MS-13 leaders in the U.S.
      • ICE arrested 370+ illegal immigrants as part of a major operation in Massachusetts — many of whom have serious criminal convictions and charges, including murder, child rape, fentanyl trafficking, and armed robbery.
    • President Trump imposed a 25% tariff on imports of foreign automobiles and certain auto parts to end unfair trade practices and protect national security.
      • United Auto Workers: “We applaud the Trump administration for stepping up to end the free trade disaster that has devastated working class communities for decades. Ending the race to the bottom in the auto industry starts with fixing our broken trade deals, and the Trump administration has made history with today’s actions.”
    • President Trump imposed a 25% tariff on all goods from countries that import Venezuelan oil to sever the financial lifelines of the corrupt Maduro regime.
    • President Trump’s unrelenting pursuit of American manufacturing dominance continued to deliver results.
      • Hyundai announced a $20 billion investment in the U.S., which will create 14,000 new jobs. The investment includes $5.8 billion for a new steel plant in Louisiana, which will create nearly 1,500 jobs.
      • Schneider Electric announced it will invest $700 million over the next four years in U.S. energy infrastructure.
      • Rolls-Royce is expected to shift production to the U.S. and expand its domestic workforce.
      • Vietnam announced it will cut duties on U.S. imports, including liquefied natural gas and automobiles.
    • President Trump continued to pursue peace through strength around the world.
      • U.S. airstrikes eliminated dozens of ISIS jihadis hiding within a cave complex in Somalia.
      • Following U.S.-led negotiations, Russia and Ukraine agreed to a Black Sea ceasefire.
    • President Trump’s economic agenda delivered more relief for Americans.
      • Large egg prices have dropped nearly 60% since last month amid the Trump Administration’s efforts to combat the avian bird flu and repopulate the chicken supply.
      • New data showed new home sales rose 5.1% over last year — with median home prices down 1.5% over last year and 3% over January.
    • The President signed several key executive orders to improve our nation.
      • President Trump signed an executive order aimed at making Washington, D.C., safe, beautiful, and the greatest capital city in the world.
      • President Trump signed an executive order on election integrity, including requiring proof of citizenship in voter registration, setting standards for voting equipment, identifying election fraud, and banning foreign interference in elections.
      • President Trump signed executive orders to protect America’s bank account against waste, fraud, and abuse and modernize payments.
      • President Trump signed an executive order exempting agencies with national security missions from federal collective bargaining requirements in order to bolster border, national, and energy security.
      • President Trump signed an executive order to remove anti-American propaganda from federal museums and national parks.
      • President Trump ordered the immediate declassification of all FBI files related to the sham Crossfire Hurricane investigation.
    • The Department of the Interior disbursed $350 million in energy revenues from the Gulf of America to oil-and-gas-producing states, including Alabama, Louisiana, Mississippi, and Texas.
    • The Department of the Interior announced nearly $40 million in total receipts from its first oil and gas lease sales of the year.
    • The Department of Commerce blacklisted more than 50 Chinese companies in a bid to reduce the Chinese Communist Party’s intellectual property theft.
    • The Department of Housing and Urban Development canceled taxpayer-backed mortgages for illegal immigrants.
    • The Department of Energy slashed unnecessary bureaucratic red tape that accounted for 60% of costs when building and purchasing new laboratories.
    • The Department of Health and Human Services axed $300 million in grants to California related to radical gender ideology and DEI.
    • The Department of Health and Human Services formally warned California for allowing graphic sex education, including about sex toys and “role-plays,” to be taught to children as young as ten years old.
    • The Department of Education revoked waivers that allowed certain colleges to divert federal funds intended for low-income students and students with disabilities to illegal immigrants.
    • The Department of Education launched an investigation into the California Department of Education for withholding information from parents about their child’s gender identity.
    • The Department of Education launched an investigation into Portland Public Schools and the Oregon School Activities Association for allowing a male student athlete to compete in a girls’ track and field competition.
    • The Department of Agriculture reinstated critical reports canceled by the Biden Administration, including the July Cattle Report and the County Estimates for Crops and Livestock — giving farmers the data needed to make important decisions for their operations.
    • The Department of Agriculture announced an investigation into California for possible noncompliance with President Trump’s executive order on radical transgender ideology.
    • The Department of the Treasury announced sanctions against additional Iranian intelligence officers involved in the probable death and cover-up of FBI Special Agent Bob Levinson.
    • The Department of Labor canceled nearly $600 million in “America Last” grants, including millions for “gender equity in the Mexican workplace” and “assisting foreign migrant workers” in Malaysia.
    • The Department of Justice seized hundreds of thousands of dollars of cryptocurrency intended to support Hamas and other terrorist organizations.
    • The Environmental Protection Agency terminated a $2 billion Biden-era grant to a non-governmental organization linked to partisan politics.
    • The Environmental Protection Agency announced it “successfully completed its mission assignment in Western North Carolina following Hurricane Helene.”
    • The Office of Management and Budget cut a wasteful $3 billion Biden-era slush fund.
    • The Small Business Administration announced actions to reverse Biden-era mismanagement of its Core 7(a) loan program.
    • The U.S. Coast Guard awarded a $1 billion contract for dozens of heavy icebreaker ships — which play a critical role in the defense of American interests.
    • The University of Michigan announced it will end its “diversity, equity, and inclusion”-related programming following President Trump’s executive order earlier this year.
    • President Trump’s nominees continue to be confirmed at a rapid pace, with the Senate confirming Secretary of the Navy John Phelan, White House Office of Science and Technology Policy Director Michael Kratsios, National Institutes of Health Director Jay Bhattacharya, and Office of Management and Budget Deputy Director Dan Bishop.
    • President Trump pardoned Devon Archer, a former business partner of Hunter Biden whose key testimony in the Biden corruption scandal made him a target for prosecution by the Biden Administration.

    MIL OSI USA News –