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Category: Economy

  • MIL-OSI: Thrive Appoints Ben Reich as Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 11, 2025 (GLOBE NEWSWIRE) — Thrive, a global technology outsourcing provider for cybersecurity, Cloud, and IT managed services, today announced Ben Reich has joined the company as Chief Financial Officer. Reich will bring his strategic expertise in growing businesses organically and through acquisition as Thrive continues to experience rapid growth to meet the complex needs of the industries the company serves.

    With a proven track record of building finance, operations, and HR teams while successfully managing P&L and capital budgets, Reich brings a wealth of expertise in financial and M&A strategy to Thrive. Reich most recently held the title of Chief Financial Officer at Opti9 Tech, a leading hybrid cloud solutions provider, where he provided critical financial guidance to the executive team and stakeholders, and drove the M&A strategy by modeling potential acquisition targets, conducting due diligence, and evaluating synergies. Prior to Opti9 Tech, Reich served as Vice President, Finance at ATSG, completing the integration of four acquisitions and driving $100M in commitment from external investment groups.

    “We have grown into one of the leading global technology outsourcing firms, and to support our momentum, we need leaders who will help us execute our growth and expansion objectives,” said Bill McLaughlin, CEO of Thrive. “Ben’s proven track record and deep understanding of driving M&A strategy and business growth will be indispensable as we continue to scale to deliver the best solutions for our customers.”

    The appointment of Reich comes at an exciting time of growth for Thrive, having recently elevated Bill McLaughlin to the CEO role. The company also received a strategic investment from Berkshire Partners and Court Square Capital Partners to unlock further growth. Along with this, Thrive continues to expand geographically, most recently acquiring Michigan-based Safety Net and North Carolina-based The Longleaf Network.

    “Tapping into financial strategies that lead to business growth and bring real impact to organizations is what I’m most enthusiastic about,” said Reich. “Thrive’s growth trajectory and aggressive M&A goals are why I am here. I look forward to working with Bill and the rest of the Thrive team to start executing against them and continue to scale the company to ensure future success.”

    If you’re interested in learning more about open positions at Thrive, visit the careers page.

    About Thrive  
    Thrive delivers global technology outsourcing for cybersecurity, Cloud, networking, and other complex IT requirements. Thrive’s NextGen platform enables customers to increase business efficiencies through standardization, scalability, and automation, delivering oversized technology returns on investment (ROI). They accomplish this with advisory services, vCISO, vCIO, consulting, project implementation, solution architects, and a best-in-class subscription-based technology platform. Thrive delivers exceptional high-touch service through its POD approach of subject matter experts and global 24x7x365 SOC, NOC, and centralized services teams. Learn more at www.thrivenextgen.com or follow us on LinkedIn.  

    Contacts  
    Amanda Maguire  
    thrive@v2comms.com   

    The MIL Network –

    February 12, 2025
  • MIL-OSI: Allied Energy Fuels the Future of Crypto with Groundbreaking Natural Gas Agreement

    Source: GlobeNewswire (MIL-OSI)

    MCKINNEY, Texas, Feb. 11, 2025 (GLOBE NEWSWIRE) — Allied Energy Corporation (OTC: AGYP) (“Allied Energy”) proudly announces a transformative Natural Gas Purchase and Sale Agreement with River Energy Group, LLC and Louis Energy Gas Texas, Inc. This collaboration positions Allied Energy at the forefront of both the energy and digital economies, helping to power the next generation of cryptocurrency data centers while embracing sustainable and efficient natural gas usage.

    With exclusive rights granted to Louis Energy Gas Texas, Inc. to purchase natural gas from the Thiel Well 1 in Washington County, Texas, this agreement is set to energize a state-of-the-art cryptocurrency mining facility. Strategically located near the wellhead, this facility is designed to meet the rapidly growing energy demands of the digital economy.

    As of the latest Texas Railroad Commission data from December 2024, Texas continues to lead in natural gas production, with the state accounting for nearly 25% of U.S. natural gas production. In 2023 alone, Texas produced more than 11 billion cubic feet of natural gas daily, making it the largest natural gas producer in the United States. The natural gas supply from Well 1 will provide the stable, reliable energy necessary to support Louis Energy Gas Texas, Inc. cutting-edge 2-3.5 megawatt mining operation, with plans for future expansion.

    In addition, according to the Cambridge Centre for Alternative Finance, the U.S. is the world leader in Bitcoin mining, with approximately 37% of the global hash rate coming from U.S.-based operations. This dominance is partly powered by reliable, low-cost energy sources such as natural gas, an efficient and environmentally responsible option for powering large-scale mining facilities.

    Key Highlights of the Agreement Include:

    • Exclusive Natural Gas Supply: Allied Energy and River Energy will deliver a steady and exclusive natural gas supply from Well 1, providing a reliable and cost-effective energy source to power Louis Energy Gas Texas, Inc. mining operations.
    • Crypto Datacenter Infrastructure: Louis Energy Gas Texas, Inc. will build and operate a state-of-the-art mining facility with a minimum one-megawatt power generation capacity, with plans for future expansion to meet future energy demands.
    • Sustainability and Efficiency: This collaboration is committed to utilizing natural gas in the most efficient and sustainable manner possible, supporting a greener, more energy-efficient future for the crypto currency sector.
    • Regulatory Compliance: Louis Energy Gas Texas, Inc. is fully dedicated to securing all required regulatory approvals and permits, ensuring that every aspect of the project meets rigorous environmental and safety standards.

    “We are thrilled to be partnering with River Energy and Louis Energy Gas Texas, Inc. on this exciting new venture,” said George Monteith, CEO of Allied Energy. “This agreement marks a major milestone for Allied Energy, highlighting our dedication to providing sustainable energy solutions for the rapidly growing crypto currency sector. It also positions us to play a pivotal role in the expanding natural gas market, supporting long-term growth and innovation.”

    This agreement represents a key moment for both the energy and technology industries, underscoring the importance of sustainable, reliable energy in powering the future of digital economies worldwide.

    About AGYP:

    Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing ‘existing’ oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing (“fracking”), drilling of lateral (“horizontal”) legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America (“IPAA”) – “With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America’s true strategic petroleum reserve.”

    About River Energy Group, LLC:

    River Energy Group, LLC brings over 90 years of expertise in the commodities, derivatives, and financial services sectors. The company has partnered with Allied Energy Corporation through a joint venture to identify, secure, and allocate stranded and flared natural gas resources. Their focus is on transforming these resources into resilient and reliable stand-alone microgrids, advancing sustainable energy solutions.

    About Louis Energy Gas Texas, Inc.:

    Louis Energy Gas Texas, Inc. is a forward-thinking energy company specializing in the development, operation, and optimization of innovative energy solutions. The company focuses on providing high-capacity, sustainable energy to diverse industries, with a notable emphasis on powering crypto currency data centers. Louis Energy Gas Texas, Inc. is committed to advancing renewable energy technologies while ensuring operational efficiency, reliability, and regulatory compliance across all its projects. Through strategic partnerships and cutting-edge infrastructure, Louis Energy Gas Texas, Inc. continues to play a pivotal role in driving Texas’ energy future forward.

    Safe Harbor Statement:

    This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential” and similar expressions. These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements.

    Contact:

    Allied Energy Corporation
    Phone: 972-632-2393
    Email: info@alliedengycorp.com
    Twitter: https://twitter.com/AlliedEnergyCo1

    The MIL Network –

    February 12, 2025
  • MIL-OSI: BOS to Announce Fourth Quarter and Full-Year 2024 Results on March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    RISHON LE ZION, Israel, Feb. 11, 2025 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), an integrator of supply chain technologies, announced today that it will release its financial results for the fourth quarter and full-year ended December 31, 2024 before the market opens on Monday, March 31, 2025.

    BOS will host a video conference call on March 31, 2025 at 8:30 a.m. Eastern Time. To access the video conference meeting, please click on the following link:

    https://us06web.zoom.us/j/89706334037?pwd=VvkIx2b1tfaGBMpknU4MHrCS7rpsFD.1

    For those unable to participate in the video conference, a recording of the meeting will be available the next day on the BOS website: https://www.boscom.com/conference-calls

    About BOS.
    BOS integrates cutting-edge technologies to streamline and enhance supply chain operations across three specialized divisions:

    • Intelligent Robotics Division: Automates industrial and logistics inventory processes through advanced robotics technologies, improving efficiency and precision.
    • RFID Division: Optimizes inventory management with state-of-the-art solutions for marking and tracking, ensuring real-time visibility and control.
    • Supply Chain Division: Integrates franchised components directly into customer products, meeting their evolving needs for developing cutting-edge products.

    For more information about BOS, please visit https://www.boscom.com/.

    For additional information, contact:

    The MIL Network –

    February 12, 2025
  • MIL-OSI: Silver Tiger Metals to Present at the Metals and Mining Growth Virtual Investor Conference February 13th

    Source: GlobeNewswire (MIL-OSI)

    HALIFAX, Nova Scotia, Feb. 11, 2025 (GLOBE NEWSWIRE) — Silver Tiger Metals Inc. (TSXV:SLVR)(OTCQX:SLVTF) based in Halifax, Nova Scotia, focused on Developing Production at the El Tigre Silver Mining District in Sonora Mexico, today announced that Glenn Jessome President & CEO, will present live at the Metals and Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 13th, 2025

    DATE: February 13th
    TIME: 1:00pm EST
    LINK: https://bit.ly/3Ex4Xxc
    Available for 1×1 meetings: February 12th / 13th

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at www.virtualinvestorconferences.com.

    About Silver Tiger and the El Tigre Historic Mine District

    Silver Tiger Metals Inc. is a Canadian company whose management has more than 27 years’ experience discovering, financing, and building large hydrothermal gold and silver mines in Mexico. Silver Tiger’s 100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico. Principled environmental, social and governance practices are core priorities at Silver Tiger. 

    Silver Tiger commenced work on its El Tigre Project in 2017. El Tigre intends to build an open pit and underground mine. Silver Tiger has drilled over 150,000 meters at the El Tigre Project, with 119,000 meters completed since 2020. Silver Tiger has completed several MREs, a maiden MRE in 2017 and MRE updates in 2023 and 2024. The PEA for the El Tigre open pit was released in November 2023. 

    The October 2024 PFS for the El Tigre open pit delivered robust economics. The PFS projects an After-Tax NPV of US$222 million at a 5% discount rate, an After-Tax IRR of 40.0%, and a payback period of 2.0 years. This open pit operation is expected to have a 10-year mine life. The El Tigre project delivers a life of mine undiscounted After-Tax Cash Flow of US$318 million, with initial capital costs of $86.8 million (including $9.3 million in contingency). Operating cash costs are projected at $973/oz AuEq and $12/oz AgEq, with AISC at $1,214/oz AuEq and $14/oz AgEq. The economics of the Project have been evaluated based on a discounted $26/oz silver price and gold price of $2,150/oz. 

    Silver Tiger is now drilling from underground drill pads, focusing on the high-grade silver Veins, Sulphide and Shale Zones. A PEA for the permitted underground mineral resource is expected to be released in the first half of 2025.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Silver Tiger Metals Inc.
    Devin Devarennes
    VP Investor Relations
    902-233-3656
    Devin@silvertigermetals.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

    February 12, 2025
  • MIL-OSI Video: Young Trade Leaders: Eric, Nigeria

    Source: World Trade Organization – WTO (video statements)

    The Young Trade Leaders Programme was established to connect young people with the work of the WTO. Eric Andrew is the founder and Team Lead of AgrofixiNG, an organization in Nigeria successfully implementing solutions in agriculture and the circular economy.

    Eric shares his impressions about the programme and his plans as a Young Trade Leader.

    Download this video from the WTO website:
    https://www.wto.org/english/res_e/webcas_e/webcas_e.htm

    https://www.youtube.com/watch?v=N7TE7dxZSP0

    MIL OSI Video –

    February 12, 2025
  • MIL-OSI Europe: Press release – Ruslan Stefanchuk: “Peace in Ukraine can only be achieved if we stay strong”

    Source: European Parliament 3

    On Tuesday, the Chair of the Ukrainian Verkhovna Rada, Ruslan Stefanchuk, addressed a formal sitting of the European Parliament in Strasbourg.

    Welcoming Mr Stefanchuk to the hemicycle, European Parliament President Roberta Metsola said: “I am proud that this Parliament has stood with Ukraine from the very first moment – united, unwavering, and resolute. We will keep pushing for peace. Peace must be just, it must be dignified, and it must be based on the principle of ‘Nothing about Ukraine without Ukraine’.

    In his address, Ruslan Stefanchuk, called on the EU to continue and increase its support for Ukraine. His country, he said, needs more defense systems, more airplanes and more investment in its military industry.

    Peace in Ukraine can only be achieved if we stay strong and put consolidated pressure on the Russian aggressor, in order to defend the civilized world, Mr Stefanchuck said. Russia does not only want to ruin our country, he added, it will want to move west, first towards Kyiv, and then towards Warsaw and Brussels: “The danger is much closer than you think.“

    To stop the aggression and to achieve a lasting peace, it is also essential that Russia faces sanctions it cannot circumvent, he said, while calling for additional sanctions. The president of the Ukrainian Parliament also called for the punishment of those responsible for war crimes. “Russia has crossed all the red lines imaginable in this war,“ he said.

    On Ukraine’s wish to join the EU, Ruslan Stefanchuk said his country will become stronger and better after this war as it is committed to the reform process. It hopes to open the first cluster of issues in the negotiations during the Polish presidency, he said.

    Debate on EU support for Ukraine, after three years of Russia’s war of aggression

    In a debate preceding the address by Mr Stefanchuk, MEPs considered the prospects of future ceasefire negotiations and a peace deal. Some speakers remarked that nothing must be discussed “about Ukraine and without Ukraine”, and nothing decided without Europe. Europe, they said, must be ready to assume a greater responsibility in providing security guarantees and preparing Kyiv for future NATO and EU membership. Others underlined the need to confiscate Russian assets to finance Ukraine’s recovery and reconstruction, while several MEPs expressed serious concerns about how much Europe has paid and will continue to pay to support Ukraine.

    You can watch the debate again here. (11.02.2025)

    MIL OSI Europe News –

    February 12, 2025
  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Restores Section 232 Tariffs

    Source: The White House

    COUNTERING TRADE PRACTICES THAT UNDERMINE NATIONAL SECURITY: Yesterday, President Donald J. Trump signed proclamations to close existing loopholes and exemptions to restore a true 25% tariff on steel and elevate the tariff to 25% on aluminum.

    • President Trump is taking action to protect America’s critical steel and aluminum industries, which have been harmed by unfair trade practices and global excess capacity.
    • President Trump is reinstating the full 25% tariff on steel imports and increasing tariffs on aluminum imports to 25%.
      • Key reforms include eliminating all alternative agreements, applying strict “melted and poured” standards, expanding tariffs to include key downstream products, terminating all general approved exclusions, and cracking down on tariff misclassification and duty evasion schemes.
    • The countries of Argentina, Australia, Brazil, Canada, Japan, Mexico, South Korea, the European Union, Ukraine, and the United Kingdom had received exemptions, which prevented the tariffs from being effective.
      • By granting exemptions to certain countries, the United States inadvertently created loopholes that were exploited by China and others with excess steel and aluminum capacity, undermining the purpose of these exemptions.
    • The President is exercising his authority under Section 232 of the Trade Expansion Act of 1962 to adjust imports of steel and aluminum to protect our national security.
      • This statute provides the President with authority to adjust imports being brought into the United States in quantities or under circumstances that threaten to impair national security.
      • In March 2018, President Trump invoked authority under Section 232 of the Trade Expansion Act of 1962 (19 U.S.C. § 1862) to impose 25% tariffs on steel imports and 10% tariffs on aluminum.  These measures were remarkably effective in supporting recovery and reinvestment in the American steel industry and saved the domestic primary aluminum industry from total collapse. But exemptions and loopholes have permitted evasion of the tariffs and weakened the effectiveness of the program.
      • The reinvigorated Section 232 tariffs on steel and aluminum will support the program’s original objective of revitalizing the domestic steel and aluminum industries and achieving sustainable capacity utilization of at least 80%.

    RESTORING FAIRNESS TO STEEL AND ALUMINUM MARKETS: President Trump is taking action to end unfair trade practices and the global dumping of steel and aluminum.

    • Foreign nations have been flooding the United States market with cheap steel and aluminum, often subsidized by their governments.
    • A report from the first Trump Administration found that steel import levels and global excess were weakening our domestic economy and threatening to impair national security.
      • The report found that excess production and capacity, particularly in China, has been a major factor in the decline of domestic aluminum production.
    • While the domestic steel industry briefly achieved 80% utilization in 2021, subsequent trade pressure following the COVID-19 pandemic has depressed domestic production.  In 2022 and 2023, capacity utilization fell to 77.3% and 75.3%, respectively.  High import volumes from sources exempt from Section 232 tariffs are a major factor in depressing domestic production volumes. 
    • For aluminum, there was an increase in the capacity utilization rate between 2017 and 2019, from 40% to 61% during that period. But since 2019, the aluminum capacity utilization has once again seen a steady decline, falling from 61% to 55% between 2019 and 2023.  
    • The United States does not want to be in a position where it would be unable to meet demand for national defense and critical infrastructure in a national emergency.

    STRENGTHENING AMERICA’S MANUFACTURING INDUSTRY: President Trump’s decision to close existing loopholes and exemptions will strengthen United States’ steel and aluminum industries.

    • In his first term, President Trump imposed Section 232 tariffs to protect the American steel and aluminum industries from unfair foreign competition.
    • The steel tariffs that President Trump implemented led to thousands of jobs gained and higher wages in the metals industry.
      • These tariffs were hailed as a “boon” for Minnesota’s iron ore industry, with state officials crediting tariffs for bolstering the local economy. 
      • Steel and aluminum imports drastically decreased under President Trump, falling by nearly a third from 2016 to 2020.
      • The tariffs led to a wave in investment across the United States, with more than $10 billion committed to build new mills.
    • It was recently announced that Hyundai Steel is actively considering building a steel plant in the United States.
    • U.S. steelmakers, including the American Iron and Steel Institute and the Steel Manufacturers Association, have praised President Trump’s America First trade policy.

    TARIFFS WORK: Studies have repeatedly shown that contrary to public rhetoric, tariffs can be an effective tool for achieving economic and strategic objectives.

    • A 2024 study on the effects of President Trump’s tariffs in his first Administration found that they “strengthened the U.S. economy,” and “led to significant reshoring” in industries like manufacturing and steel production.
    • A 2023 report by the U.S. International Trade Commission that analyzed the effects of Section 232 and 301 tariffs on more than $300 billion of U.S. imports found that the tariffs reduced imports from China, effectively stimulated more U.S. production of the tariffed goods, with very minor effects on prices.
    • According to the Economic Policy Institute, the tariffs implemented by President Trump during his first Administration “clearly show[ed] no correlation with inflation” and only had a temporary effect on overall price levels.
    • An analysis from the Atlantic Council found that “tariffs would create new incentives for US consumers to buy US-made products.”
    • Former Biden Treasury Secretary Janet Yellen affirmed last year that tariffs do not raise prices: “I don’t believe that American consumers will see any meaningful increase in the prices that they face.”

    A 2024 economic analysis found that a global tariff of 10% would grow the economy by $728 billion, create 2.8 million jobs, and increase real household incomes by 5.7%.

    MIL OSI USA News –

    February 12, 2025
  • MIL-OSI USA: Acting Chairman Statement on Climate-Related Disclosure Rules

    Source: Securities and Exchange Commission

    Today, I am taking action on The Enhancement and Standardization of Climate-Related Disclosures for Investors rule that was adopted by the Commission on March 6, 2024 (the “Rule”).[1] The Rule is currently being challenged in litigation consolidated in the Eighth Circuit[2] and the Commission previously stayed effectiveness of the Rule pending completion of that litigation.[3] The Rule is deeply flawed and could inflict significant harm on the capital markets and our economy.

    Both Commissioner Peirce and I voted against the Rule’s adoption.[4] Commissioner Peirce said that then-existing disclosure rules were sufficient and that the “[R]ule’s anticipated benefits do not outweigh the costs.”[5] She argued that “only a mandate from Congress should put us in the business of facilitating the disclosure of information not clearly related to financial returns.”[6] I stated that the Commission was “without statutory authority or expertise” to address climate change issues and that “this [R]ule is climate regulation promulgated under the Commission’s seal.”[7]

    During the comment period, many submissions likewise urged that the Rule not be adopted. Among the reasons were that the Rule would require a large volume of financially immaterial information, financially material climate-related risks were already subject to disclosure under existing rules, and the proposed rules overstepped the SEC’s regulatory authority.[8]

    The Commission’s briefs previously submitted in the cases consolidated in the Eighth Circuit do not reflect my views. The briefs defend the Commission’s adoption of the Rule, but I continue to question the statutory authority of the Commission to adopt the Rule, the need for the Rule, and the evaluation of costs and benefits. I also question whether the agency followed the proper procedures under the Administrative Procedure Act to adopt the Rule.

    The lack of statutory authority is a weighty factor. Commissioners have a constitutional obligation to determine the bounds of the agency’s statutory authority, and my views on the Commission’s authority here were the result of lengthy study and research informed by many comments on all sides of the issue.

    These views, the recent change in the composition of the Commission, and the recent Presidential Memorandum regarding a Regulatory Freeze,[9] bear on the conduct of this litigation. I believe that the Court and the parties should be notified of these changes.

    Therefore, I have directed the Commission staff to notify the Court of the changed circumstances and request that the Court not schedule the case for argument to provide time for the Commission to deliberate and determine the appropriate next steps in these cases. The Commission will promptly notify the Court of its determination about its positions in the litigation.


    [2] Iowa v. SEC, No. 24-1522 (8th Cir.); see also Liberty Energy Inc. v. SEC, No. 24-cv-739 (N.D. Tex.).

    [5] Commissioner Peirce Statement.

    [7] Commissioner Uyeda Statement.

    [8] See, e.g., Comment of the Federal Regulation of Securities Committee of the Business Law Section of the American Bar Association (Jun. 24, 2022); Comment of the U.S. Chamber of Commerce (Jun. 16, 2022); Comment of the National Association of Convenience Stores (Jun. 8, 2022); Comment of the National Association of Manufacturers (Jun. 6, 2022).

    MIL OSI USA News –

    February 12, 2025
  • MIL-OSI USA: Phobos Ransomware Affiliates Arrested in Coordinated International Disruption

    Source: US State of North Dakota

    Note: View the superseding indictment here.

    Phobos Group Alleged to have Attacked Over 1,000 Victims Worldwide

    The Justice Department today unsealed criminal charges against Roman Berezhnoy, 33, and Egor Nikolaevich Glebov, 39, both Russian nationals, who allegedly operated a cybercrime group using the Phobos ransomware that victimized more than 1,000 public and private entities in the United States and around the world and received over $16 million in ransom payments. Berezhnoy and Glebov were arrested this week as part of a coordinated international disruption of their organization, which includes additional arrests and the technical disruption of the group’s computer infrastructure.

    From May 2019, through at least October 2024, Berezhnoy, Glebov, and others allegedly caused victims to suffer losses resulting from the loss of access to their data in addition to the financial losses associated with the ransomware payments. The victims included a children’s hospital, health care providers, and educational institutions.

    8Base Seizure Banner

    According to court documents, Berezhnoy, Glebov, and others operated a ransomware affiliate organization, including under the names “8Base” and “Affiliate 2803,” among others, that victimized public and private entities through the deployment of Phobos ransomware.

    As part of the scheme, Berezhnoy, Glebov, and others allegedly hacked into victim computer networks, copied and stole files and programs on the victims’ network, and encrypted the original versions of the stolen data with Phobos ransomware. The conspirators then allegedly extorted the victims for ransom payments in exchange for the decryption keys to regain access to the encrypted data by, among other things, leaving a ransom note on compromised victim computers and separately reaching out to victims to initiate ransom payment negotiations.

    As alleged, the conspirators also threatened to expose victims’ stolen files to the public or to the victims’ clients, customers, or constituents if the ransoms were not paid. The conspirators are further alleged to have established and operated a darknet website where they repeated their extortionate threats and ultimately published the stolen data if a victim failed to pay the ransom.

    After a successful Phobos ransomware attack, criminal affiliates paid fees to Phobos administrators for a decryption key to regain access to the encrypted files. Each deployment of Phobos ransomware was assigned a unique alphanumeric string in order to match it to the corresponding decryption key, and each affiliate was directed to pay the decryption key fee to a cryptocurrency wallet unique to that affiliate.

    The charges unsealed today against Berezhnoy and Glebov follow the recent arrest and extradition of Evgenii Ptitsyn, a Russian national, on charges relating to his alleged administration of the Phobos ransomware variant.

    In parallel with this week’s arrests, Europol and German authorities have announced an international operation involving the FBI and other international law enforcement partners to disrupt over 100 servers associated with this criminal network.

    Berezhnoy and Glebov are charged in an 11-count indictment with one count of wire fraud conspiracy, one count of wire fraud, one count of conspiracy to commit computer fraud and abuse, three counts of causing intentional damage to protected computers, three counts of extortion in relation to damage to a protected computer, one count of transmitting a threat to impair the confidentiality of stolen data, and one count of unauthorized access and obtaining information from a protected computer. If convicted, Berezhnoy and Glebov face a maximum penalty of 20 years in prison on each wire fraud-related count; 10 years in prison on each computer damage count; and five years in prison on each of the other counts. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Supervisory Official Antoinette T. Bacon of the Justice Department’s Criminal Division, U.S. Attorney Erek L. Barron for the District of Maryland, Assistant Director Bryan Vorndran of the FBI’s Cyber Division, and Special Agent in Charge William J. DelBagno of the FBI Baltimore Field Office made the announcement.

    The FBI Baltimore Field Office is investigating the case. The Justice Department extends its thanks to international judicial and law enforcement partners in the United Kingdom, Germany, Japan, Spain, Belgium, Poland, Czech Republic, France, Thailand, Finland, and Romania, as well as Europol and the U.S. Department of Defense Cyber Crime Center, for their cooperation and coordination with the Phobos ransomware investigation. The National Security Division’s National Security Cyber Section and the Justice Department’s Office of International Affairs also provided valuable assistance.

    Senior Counsel Aarash A. Haghighat of the Criminal Division’s Computer Crime and Intellectual Property Section (CCIPS) and Assistant U.S. Attorney Thomas M. Sullivan for the District of Maryland are prosecuting the case. Former CCIPS Trial Attorney Riane Harper and former Assistant U.S. Attorneys Aaron S.J. Zelinsky and Jeffrey J. Izant for the District of Maryland provided substantial assistance.

    Additional details on protecting networks against Phobos ransomware are available at StopRansomware.gov, including Cybersecurity and Infrastructure Security Agency Advisory AA24-060A.

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

    MIL OSI USA News –

    February 12, 2025
  • MIL-OSI Europe: OLAF plays pivotal role in uncovering 100 million EUR suspected subsidy fraud with links to organised crime

    Source: European Anti-Fraud Offfice

    Press release no 4/2025
    PDF version

    The European Anti-Fraud Office (OLAF) played a key role in exposing a sophisticated fraud scheme involving EU funding worth over 100 million EUR. The investigation uncovered alleged fraud and forgery in documents for water supply and wastewater infrastructure projects financed by the European Cohesion Fund in Romania. 

    Following a request from the EPPO, OLAF launched several investigations, focusing on the authenticity and traceability of the documents submitted by companies participating in calls for tenders in Romania. These companies managed to secure eight contracts for drinking water distribution and sewage rehabilitation projects worth over 100 million EUR.

    In the framework of its investigations, OLAF gathered evidence indicating a complex fraud mechanism using companies established in Italy and Romania between 2018-2021. 

    To meet the financial and technical criteria required by the contracting authorities, the Romanian companies claimed an annual turnover of their associates of between 42 and 63 million EUR over a 3-year period. OLAF’s investigation revealed that the real turnover was 30 times lower. OLAF also found that after winning the tenders, the bidders transferred a percentage of the total contract value to the associates. 

    One of the companies under investigation was later also found to have been placed under administrative prevention order by Italian authorities under anti-mafia legislation, effectively banning it from public contracts and certain business activities, due to its suspected ties to organised crime.

    Additionally, OLAF identified fake contracts for construction projects in Iraq. According to the winning companies, their associates claimed to have executed design and construction works for drinking water in the country worth around 31 million EUR through its Iraqi branch. OLAF provided evidence that such project, in fact, never existed.

    Director-General Ville Itälä welcomed the results: “This case demonstrates how suspects attempted to manipulate the EU’s financial system for their own gain and at the expense of European taxpayers. Thanks to OLAF’s investigative expertise and the valuable cooperation with the European Public Prosecutor’s Office, we were able to uncover the sophisticated scheme and help ensure that justice will be served. This is a clear example of how EU institutions working together can effectively protect public funding and uphold the integrity of EU financial interests.” 

    For the investigations already finalised, OLAF has recommended that the European Commission recover €20 million, representing the total amount paid from the Cohesion Fund for the suspected fraudulent contracts. 

    Furthermore, OLAF has transmitted its final reports to the EPPO. For more details, you can read EPPO’s press release here. 

    OLAF mission, mandate and competences:
    OLAF’s mission is to detect, investigate and stop fraud with EU funds.    

    OLAF fulfils its mission by:
    •    carrying out independent investigations into fraud and corruption involving EU funds, so as to ensure that all EU taxpayers’ money reaches projects that can create jobs and growth in Europe;
    •    contributing to strengthening citizens’ trust in the EU Institutions by investigating serious misconduct by EU staff and members of the EU Institutions;
    •    developing a sound EU anti-fraud policy.

    In its independent investigative function, OLAF can investigate matters relating to fraud, corruption and other offences affecting the EU financial interests concerning:
    •    all EU expenditure: the main spending categories are Structural Funds, agricultural policy and rural development funds, direct expenditure and external aid;
    •    some areas of EU revenue, mainly customs duties;
    •    suspicions of serious misconduct by EU staff and members of the EU institutions.

    Once OLAF has completed its investigation, it is for the competent EU and national authorities to examine and decide on the follow-up of OLAF’s recommendations. All persons concerned are presumed to be innocent until proven guilty in a competent national or EU court of law.

    For further details:

    Pierluigi CATERINO
    Spokesperson
    European Anti-Fraud Office (OLAF)
    Phone: +32(0)2 29-52335  
    Email: olaf-media ec [dot] europa [dot] eu (olaf-media[at]ec[dot]europa[dot]eu)
    https://anti-fraud.ec.europa.eu
    LinkedIn: European Anti-Fraud Office (OLAF)

    If you’re a journalist and you wish to receive our press releases in your inbox, pleaseleave us your contact data.

    MIL OSI Europe News –

    February 12, 2025
  • MIL-OSI: Check Point and Wiz Enter Strategic Partnership to Deliver End-to-End Cloud Security

    Source: GlobeNewswire (MIL-OSI)

    REDWOOD CITY, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) — Check Point Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today announced a strategic partnership with leading cloud security provider Wiz to address the growing challenges enterprises face securing hybrid cloud environments. This collaboration bridges the longstanding gap between cloud network security and Cloud Native Application Protection (CNAPP) through a deep technological integration and strategic business alliance, delivering an industry-leading unified, holistic security solution.

    “This partnership between the parties was formalized in order to create a new security paradigm—combining Check Point’s cloud network security expertise with Wiz’s CNAPP leadership to deliver comprehensive protection across hybrid mesh environments,” said Nadav Zafrir, Chief Executive Officer at Check Point. “Together, we are transforming how organizations manage risk, enabling teams to collaborate with greater efficiency and control.”

    Today’s enterprises operate in complex environments where network and cloud security often function in silos, creating critical visibility and control gaps. Cloud network security teams lack context about cloud-specific risks, while cloud security teams struggle to understand how cloud network security controls protect assets. This fragmentation leads to inefficiencies, misconfigurations, and increased cyber risks.

    “Bringing together Wiz’s leading CNAPP technology and Check Point’s expertise in cloud network security enhances visibility and prioritizes risks more effectively,” said Assaf Rappaport, Co-Founder and Chief Executive Officer at Wiz. “Our partnership is aimed to ensure that companies can seamlessly protect their network and cloud environments with an integrated, industry-leading solution while continuing to democratize cloud security.”

    The partnership between Check Point and Wiz addresses these issues head-on offering customers:

    • Unified Security Insights: Check Point’s cloud network security controls integrated within Wiz’s CNAPP risk platform, enabling cloud security teams to automatically prevent attacks access real-time network-driven insights for smarter risk prioritization
    • Enhanced Risk Context: Wiz’s advanced risk analysis feeds integrate directly into Check Point’s platform, providing network security teams with actionable recommendations to optimize security coverage and configurations
    • Prioritization of Unsecured Assets: Cloud security teams are empowered to identify and address unsecured assets more effectively, leveraging network security data to guide decision-making
    • Optimized Security Operations: Network security teams benefit from tailored recommendations generated by Wiz’s platform, enhancing operational efficiency across hybrid environments

    The mutually beneficial partnership includes joint integration and the assisted migration of Check Point’s CNAPP customers to Wiz. Check Point expects to reallocate resources and make further investments across its cloud security business, including cloud network security, web application firewall (WAF), generative AI (GenAI), and other key cloud technologies. 

    This collaboration underscores both companies’ long-term commitment to driving security innovation and addressing the most pressing cloud security challenges faced by modern enterprises.

    Follow Check Point Software via:
    LinkedIn: https://www.linkedin.com/company/check-point-software-technologies
    X (Formerly known as Twitter): https://www.twitter.com/checkpointsw
    Blog: https://blog.checkpoint.com
    YouTube: https://www.youtube.com/user/CPGlobal

    About Check Point Software Technologies Ltd.
    Check Point Software Technologies Ltd. (www.checkpoint.com) is a leading AI-powered, cloud-delivered cyber security platform provider protecting over 100,000 organizations worldwide. Check Point leverages the power of AI everywhere to enhance cyber security efficiency and accuracy through its Infinity Platform, with industry-leading catch rates enabling proactive threat anticipation and smarter, faster response times. The comprehensive platform includes cloud-delivered technologies consisting of Check Point Harmony to secure the workspace, Check Point CloudGuard to secure the cloud, Check Point Quantum to secure the network, and Check Point Infinity Core Services for collaborative security operations and services.

    About Wiz
    Wiz secures everything organizations build and run in the cloud. Founded in 2020, Wiz is the fastest-growing software company in the world. Wiz enables hundreds of organizations worldwide, including over 45 percent of the Fortune 100, to rapidly identify and remove critical risks in cloud environments. Its customers include Salesforce, Slack, Mars, BMW, Avery Dennison, Priceline, Cushman & Wakefield, DocuSign, Plaid, and Agoda, among others. Wiz is backed by Andreessen Horowitz, Sequoia, Index Ventures, Lightspeed, Insight Partners, Cyberstarts, Thrive Capital, Greylock, Wellington, Salesforce, Blackstone, Advent, Greenoaks and Aglaé. Visit https://www.wiz.io for more information.

    Legal Notice Regarding Forward-Looking Statements

    This press release contains forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding our strategic partnership with Wiz to address the growing challenges enterprise face securing hybrid environments future growth, the creation of a new security paradigm, the reallocation of resources, the making of further investments across our Cloud Security business and the ability of our partnership with Wiz to seamlessly protect companies’ network and cloud environments. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 2, 2024. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking statements, except as required by law.

    The MIL Network –

    February 12, 2025
  • MIL-OSI: CPA Canada – Interview opportunity: Celebrate love without the price tag this Valentine’s Day

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 11, 2025 (GLOBE NEWSWIRE) — Valentine’s Day is often seen as the ultimate celebration of love—but does it always have to come with a price tag?

    Some couples splurge on extravagant dinners and lavish gifts, while others are rethinking whether you need to break the bank to show you care.

    A 2024 survey by Leger found that nearly half of Canadians spend money on gifts, 40 per cent on dining out, and yet 87 per cent believe the holiday is overly commercialized.

    “Money and love don’t have to go hand-in-hand,” says Li Zhang, financial literacy leader at CPA Canada. “The key is making sure your Valentine’s Day celebration reflects what truly matters to you and your partner—not just for the ‘gram.’”

    For those who want to celebrate love without the hefty price tag, here are some low- or no-cost ways to make the day special:

    • Recreate your first date at home: Cook the same meal, play the same music, and reminisce.
    • Write a love letter: A heartfelt, handwritten note can be far more meaningful than any store-bought card.
    • Take a digital detox together: Unplug from your devices and spend uninterrupted quality time together.
    • Plan a memory walk: Visit a place that holds special meaning in your relationship.
    • Make a ‘reasons I love you’ jar: Fill a jar with small notes of appreciation and admiration.

    “If love is priceless, why does Valentine’s Day come with a receipt? Perhaps the most romantic gesture isn’t about spending—it’s about making your partner feel valued in ways money can’t buy,” says Zhang.

    To arrange an interview with our personal finance expert, please contact media@cpacanada.ca.

    The MIL Network –

    February 12, 2025
  • MIL-OSI: Baby Boomers and Gen X Responsible for Increased Betting Activity in Q4 2024

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 11, 2025 (GLOBE NEWSWIRE) — Betting activity increased slightly in Q4 2024 to 26% of consumers, compared to 24% in the same period of 2023. However, this uptick was caused by significant generational changes in activity, primarily among Baby Boomers and Millennials, according to a new report from TransUnion (NYSE: TRU).

    While Millennials have dominated all forms of betting in recent years, this generation’s engagement dropped 5% YoY in Q4 2024. Conversely, Baby Boomers and Gen Xers got more involved, with 7% and 4% respective YoY increases. Gen Z bettors’ participation remained about the same. These and many more findings are available in TransUnion’s latest US Betting Report.

    “The demographic shift in betting activity serves as a good reminder that the best predictor of engagement is not age but rather increased earnings and liquidity,” said Declan Raines, head of TransUnion’s Gaming business. “Those who have a sudden influx of disposable income are more likely to participate in betting, and operators should keep that in mind when developing their marketing strategies.”

    In addition to Millennials, fewer high-value bettors engaged in online and land-based betting activities. High-value bettors are those who spend more than $500 per month on betting. This group’s engagement dropped by 8% with land-based operators and 9% with online operators.

    Healthier finances among bettors

    The report found high-value bettors also attained improved overall finances. In Q4 2024, 54% of those betting $500 or more per month had good or excellent credit combined with middle or high income. This was up from 50% in the same period in 2023. In addition, those with the riskiest financial profile—having lower income and fair or poor credit—fell from 7% in Q4 2023 to just 4% in Q4 2024.

    Bettors proved to have a more resilient financial profile than non-bettors. More than half of consumers who bet in either land-based or online channels said their income had gone up a little or a lot in the past 3 months. Only 21% of non-bettors said the same.

    Consumer Credit Scores: Bettors vs Non-bettors

      Land-based Bettors Online Bettors Non-bettors
    Good/Excellent 59% 54% 47%
    Average 22% 24% 19%
    Fair/Bad 18% 20% 24%

    Excellent: 781-850 | Good: 721-780 | Average: 661-720 | Fair: 601-660 | Bad: 300-600

    Consumers who bet also had stronger credit scores, with more than half of land-based and online bettors indicating good or excellent credit scores, compared to just 47% of non-bettors. Conversely, one-third of non-bettors fell into credit score ranges that indicate poorer credit quality—including those who don’t know their score—compared to 22% of online bettors and 20% of land-based bettors.

    Mounting regulatory pressure

    Regulators and consumer advocacy groups became more focused on the betting industry in 2024. Recent studies published by Northwestern and UCLA outlining the risks to personal finances among a subset of players served to elevate the pressure on gaming operators to implement reasonable procedures to identify and curb problem gaming. In response, the industry formed the Responsible Online Gaming Association (ROGA) to establish industry-wide responsible gaming standards and support research and education on safe practices.

    TransUnion’s US Betting Report has consistently found bettors experience higher levels of financial volatility—both positive and negative—relative to non-bettors. This represents a significant challenge for operators when engaging in responsible gaming assessments. It is imperative that gaming operators stay vigilant to ensure their most active players can sustain high levels of play without compromising their financial health.

    “As the industry matures, new tools have emerged to help operators assess players’ financial resilience and promote responsible gaming,” said Raines. “Adopting these measures will help build on the significant investments made by the industry in responsible gaming to date as well as demonstrate good faith efforts to regulators and consumers while protecting profitability for operators in the long run.”

    For full details from the US Betting Report, click here.

    About TransUnion (NYSE: TRU)

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

    Contact Dave Blumberg
    TransUnion
    E-mail david.blumberg@transunion.com
    Telephone 312-972-6646

    The MIL Network –

    February 12, 2025
  • MIL-OSI: Provident Bank Strengthens Executive Leadership Team, Welcoming Chief Lending Officer to Advance Commercial Banking and Lending Strategy

    Source: GlobeNewswire (MIL-OSI)

    ISELIN, N.J., Feb. 11, 2025 (GLOBE NEWSWIRE) — Provident Bank, a leading New Jersey-based financial institution, is pleased to announce the addition of Bill Fink as Executive Vice President, Chief Lending Officer, leading the commercial bank and the commercial lending growth strategy.

    Mr. Fink has over 30 years of experience in commercial banking and credit administration and will lead and direct the bank’s commercial lending strategies, including new business development, loan portfolio management, and policy management for all commercial business lines, including C&I, commercial real estate, treasury management, and specialty lines. His expertise in structuring complex credit transactions and developing innovative approaches will help expand the bank’s loan portfolio and drive sustainable growth consistent with the bank’s risk appetite. In addition to overseeing lending initiatives, given his deep commercial banking experience, Mr. Fink will serve as a strategic advisor, collaborating closely with Provident’s Executive Leadership Team.

    “I’m excited to begin a new chapter in my career where I can support Provident Bank’s mission to redefine the super community banking space,” said Bill Fink, Executive Vice President and Chief Lending Officer. “With a strong foundation and clear momentum, I look forward to using my experience in commercial lending to drive growth, strengthen customer relationships, and foster a culture of innovation and excellence that supports Provident Bank’s business strategy.”

    Mr. Fink will oversee a $16B loan portfolio and lead a team of eight direct reports and a total team of 250 employees based in New Jersey, New York, and Pennsylvania. He will also oversee portfolio management and credit risk, ensuring the bank’s lending strategies align with market opportunities and long-term objectives. Mr. Fink will contribute to enhancing credit policies, introducing new lending products, and optimizing the portfolio mix to ensure the bank is providing the best solution to its customers. Additionally, he will represent the bank at industry events and public engagements, strengthening relationships with customers and partners, while reinforcing Provident’s market presence.

    “Bill is an exceptional leader, bringing broad expertise in commercial banking with a vision for driving growth and innovation,” said Anthony Labozzetta, President and CEO, Provident Bank. “I am thrilled to welcome him to our team as we enhance our commercial lending capabilities, deepen customer relationships, and position our bank for long-term success.”

    Mr. Fink brings two decades of leadership experience at TD Bank, N.A., where he held key senior roles across regional and national markets. Most recently, he served as EVP and Head of U.S. Middle Market Banking, leading TD’s nationwide expansion strategy for Middle Market and Asset-Based Lending and overseeing a $24 billion portfolio. Previously, as EVP, Chief Lending Officer, and Head of Credit Management for TD’s U.S. Commercial Banking Division, he played a critical role in credit oversight and risk management.

    Mr. Fink holds an MBA in Management & Finance and a Bachelor of Science in Marketing from St. Joseph’s University. He is also a Certified Public Accountant (CPA) and Chartered Global Management Accountant (CGMA). In addition, he completed the Advanced Finance Postgraduate Program at the Wharton School of the University of Pennsylvania and is a member of the Executive Education Board of Directors at The Wharton School, University of Pennsylvania.

    About Provident Bank
    Founded in Jersey City in 1839, Provident Bank is the oldest community-focused financial institution based in New Jersey and is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS). With assets of $24.05 billion as of December 31, 2024, Provident Bank offers a wide range of customized financial solutions for businesses and consumers with an exceptional customer experience delivered through its convenient network of 140 branches across New Jersey and parts of New York and Pennsylvania, via mobile and online banking, and from its customer contact center. The bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc. To learn more about Provident Bank, go to www.provident.bank or call our customer contact center at 800.448.7768.

    Media Contact:
    Provident Bank
    Keith Buscio – keith.buscio@provident.bank
    Vested – providentbank@fullyvested.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1dab4f57-ba76-4ff3-9ba9-48d91a5dc47c

    The MIL Network –

    February 12, 2025
  • MIL-OSI: Array Releases Study Uncovering the 5 Myths Costing the Banking Industry Billions

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) — Array, a leading embedded consumer products platform, in partnership with industry expert Ron Shevlin and Cornerstone Advisors, announced today the release of research exposing key disparities between banking industry perceptions and reality—along with the financial impact of these misconceptions. The study, Billions Lost: The Cost of Bankers’ Myths About Americans’ Finances, collected insights from 2,500 US adults, recruited to be representative of the US adult population. The report examined generational behavioral trends, focusing on consumer expectations for financial institution offerings and the fintech tools different cohorts are investing in.

    “Over the years, certain misconceptions about consumer attitudes and behaviors have become gospel to bankers,” said Shevlin, Chief Research Officer at Cornerstone Advisors. “It’s time to bust some of the myths that many bankers believe about how Americans manage their financial lives and prove to bankers that the beliefs they’re clinging to are costing them billions of dollars in lost revenue.”

    Key findings from the research include:

    • Myth #1: Direct deposit is key to banking relationships
    • Myth #2: Fintech deteriorates bank and credit union relationships
    • Myth #3: Financial health = education + literacy
    • Myth #4: Young consumers get their financial advice from TikTok
    • Myth #5: No one pays for fintech

    “Financial institutions and fintechs are striving to deepen engagement by offering a diverse suite of financial, identity, and privacy tools. Our study highlights a growing gap between consumer expectations and availability—revealing increasing demand for more seamless access to these tools,” said Amelia Chen, Head of Marketing at Array. “Consumers no longer want to switch between multiple mobile apps to manage their finances; they expect a unified, integrated experience presenting a significant opportunity for both financial institutions and fintechs to meet this demand.”

    Access: Billions Lost: The Cost of Bankers’ Myths About Americans’ Finances here.

    Array will host a webinar on Feb 26th where Shevlin will present key findings from Billions Lost and explore how financial institutions and fintechs can effectively address these misconceptions.

    About Array

    Array fuels financial progress for many of the world’s leading fintechs, financial institutions, and digital brands with a suite of private-label fintech solutions that can be easily embedded. Array drives engagement and revenue for clients by helping them stand out in a crowded market and forge deeper relationships with their customers. More than a suite of products, we’re building a platform to help consumers own their financial future.

    Array was founded in 2020 by Martin Toha and its investors include Battery Ventures, General Catalyst, and Nyca Partners. To learn more visit www.array.com.

    Media Contact:
    Amelia Chen
    amelia.chen@array.com

    The MIL Network –

    February 12, 2025
  • MIL-OSI: LightSolver Partners With Ansys to Accelerate CAE Modelling for Automotive and Other Key Industries

    Source: GlobeNewswire (MIL-OSI)

    TEL AVIV, Israel, Feb. 11, 2025 (GLOBE NEWSWIRE) — LightSolver, inventors of a new laser-based computing paradigm, today announced a partnership with Ansys (NASDAQ: ANSS), a leading provider of engineering simulation software. Following a successful test run on LightSolver’s platform, the two companies are working to integrate LightSolver’s technology with Ansys LS-DYNA® nonlinear dynamics structural simulation software to accelerate simulations for automotive, aerospace, and other industries.

    LightSolver’s all-optical Laser Processing Unit™ (LPU) will leverage laser interactions to compute large and complex problems, faster and more efficiently than the most advanced classical HPC systems available today. The LPU processes at the speed of light, making it ideally suited for computations that require massive amounts of iterations, such as optimization problems and simulations for global challenges such as transport scheduling and supply chain optimization, financial risk management, climate simulations, computer-aided engineering (CAE), and many more.

    Today, LightSolver offers a digital platform that emulates LPU functionality and accelerates computations for certain use cases. Together, LightSolver and Ansys collaborated to explore accelerators based on advanced computing methods, successfully testing LightSolver’s digital platform on a number of implicit mechanical analysis cases to reduce floating point operations and storage. The test showed that the combination can shorten product development cycles, ultimately delivering more accurate design insights and reducing costs for companies that use complex engineering models.

    Multiphysics simulations, such as computational fluid dynamics (CFD) and finite element analysis (FEA) often require the calculation of dynamics for billions of grid points across many time steps. As a result, these processes can take hours, days, or even weeks to complete. In the cases tested, LightSolver successfully optimized sparse matrix reordering within the Ansys LS-DYNA solver, reducing the amount of computation required and ultimately enabling faster run times.

    “We’re excited to partner with Ansys and augment the value of their multiphysics simulation tools through acceleration,” said LightSolver CEO and co-founder Ruti Ben-Shlomi, Ph.D. “Modeling in computer-aided engineering remains one of the most computationally intensive workloads requiring specialized HPC infrastructure. We’re looking forward to providing clients with increased value as our hardware platform continues to evolve.”

    About LightSolver
    LightSolver is developing an all-optical supercomputer capable of solving complex and large computational problems at the speed of light. Utilizing the interference patterns of lasers, the Laser Processing Unit™ (LPU) can tackle challenges that were previously constrained by the limits of electronics, while fitting into a rack unit and operating at room temperature. Dr. Ruti Ben-Shlomi and Dr. Chene Tradonsky, physicists from the world-renowned Weizmann Institute, founded the company in 2020. More than 2/3 of the team are physics, math and computer science PhDs. LightSolver has secured investment from TAL Ventures, Entree Capital, IBI Tech Fund, Angular Ventures, Maverick, and Artofin. The company has also received a €12.5M grant from the European Innovation Council (EIC) to advance its all-optical supercomputer. Connect with LightSolver @LightSolverCo on X and on LinkedIn. For more information, visit lightsolver.com or email info@lightsolver.com.

    Media Contact:
    Seth Menacker
    Fusion PR
    lightsolver@fusionpr.com  

    The MIL Network –

    February 12, 2025
  • MIL-OSI: LM Funding America Announces January 2025 Production and Operational Update

    Source: GlobeNewswire (MIL-OSI)

           – 15 MW Oklahoma Mining Site Fully Operational

    – Bitcoin HODL valued at $16.1 million as of January 31, 2025

    TAMPA, Fla., Feb. 11, 2025 (GLOBE NEWSWIRE) —  LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin mining and technology-based specialty finance company, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended January 31, 2025.

    Metric Dec 2024 Jan 2025
    – Bitcoin1    
    – Mined, net 7.0   8.0
    – Sold (4.0)   –
    – Purchased 5.0   –
    – Service Fee –   –
    – Bitcoin HODL 150.2   158.2
    – Machines1    
    – Operational 3,681   5,121
    – Storage 2,159   719
    – Total Machines 5,840   5,840
    – Hashrate (EH/s1)    
    – Oklahoma 0.29   0.43
    – Hosted 0.13   0.13
    – Energized 0.42   0.56
    – Storage 0.21   0.07
    – Total 0.63   0.63

    “The energization of our Oklahoma site and reaching our target of 0.56 active EH/s marks a significant achievement for LM Funding,” stated Bruce Rodgers, Chairman and CEO of LM Funding. “Even though we are still a small player in this industry, our disciplined capital allocation, low overhead costs, and strong balance sheet affords us the opportunity to acquire more low-cost energy sites like our Oklahoma site and strategic M&A, while steadily building our Bitcoin holdings. Looking forward, we are pursuing green field and brown field power assets in the 5 to 20 MW range — which don’t meet large operators acquisition thresholds — to continue our growth.”

    The Company estimates that the value of its 158.2 Bitcoin holdings on January 31, 2025, was approximately $16.1 million, based on a Bitcoin price of approximately $102,000 as of January 31, 2025.

    About LM Funding America
    LM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin mining and specialty finance company. The company was founded in 2008 and is based in Tampa, Florida. For more information, please visit https://www.lmfunding.com.

    Forward-Looking Statements
    This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guaranties of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, uncertainty created by the risks of operating in the cryptocurrency mining business, uncertainty in the cryptocurrency mining business in general, problems with hosting vendors in the mining business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, the ability to finance and grow our cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, the potential need for additional capital in the future, changes in governmental regulations that affect our ability to collected sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.

    For investor and media inquiries, please contact: 

    Investor Relations 
    Orange Group 
    Yujia Zhai 
    LMFundingIR@orangegroupadvisors.com 

    1 Unaudited

    The MIL Network –

    February 12, 2025
  • MIL-OSI: American Rebel Holdings, Inc. (NASDAQ: AREB) Regains Compliance with NASDAQ Listing Standards as of February 10, 2025.

    Source: GlobeNewswire (MIL-OSI)

    Nashville, Tennessee, Feb. 11, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel (americanrebel.com), is pleased to announce that it has regained compliance with the periodic filing requirement under NASDAQ’s listing rules.

    “Maintaining our NASDAQ listing is of utmost importance to our Company and our stockholders. I would like to extend my deepest gratitude to our internal and external accounting teams for their tireless efforts in ensuring our ability to file our FY2024 3rdQuarter financials that allowed American Rebel to regain compliance with NASDAQ’s listing rules.” Andy Ross, CEO of American Rebel, further commented, “The dedication and hard work of Darin Fielding, CFO of our wholly owned subsidiary, Champion Safe Co., who emerged as our regulatory lead due to his previous auditor experience was instrumental in the coordination between our independent auditors, GBQ and Eventus Advisory Group’s seasoned team of public company accounting professionals.”

    Timeline of NASDAQ Compliance Efforts
            

    November 14, 2024 FY2024 3rd Quarter 10Q due
    November 22, 2024 Company notification by NASDAQ that it no longer met the perioding listing requirement due to the inability to file the FY2024 3rd Quarter 10Q
    January 21, 2025 Deadline for American Rebel Holdings, Inc. to submit a plan to NASDAQ to regain compliance with the listing requirements
    February 7, 2025 American Rebel Holdings, Inc. files Form 10-Q for the period ended September 30, 2024.
      Revenue for the three (3) months ended September 30, 2024 of $2,337,786.00
      Revenue for the nine (9) months ended September 30, 2024 of $9,637,016.00
    February 10, 2025 American Rebel Holdings, Inc. is notified by NASDAQ Staff that with the February 7, 2025 filing of the 10-Q for the period ended September 30, 2024, that the Company is deemed compliant with the NASDAQ Listing Rules.

    In the coming weeks, the Company is planning on providing a brief stockholder update from its CEO, Andy Ross, detailing the progress made in our business units throughout last year. This update will highlight the rapid growth and success American Rebel has experienced in our American Rebel Beverage business unit responsible for American Rebel Light Beer and the positive impacts of the reorganization and streamlining of our product offerings and processes at Champion Safe Co. (www.championsafe.com).

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit www.americanrebel.com and www.americanrebelbeer.com. For investor information, visit www.americanrebel.com/investor-relations.

    American Rebel Holdings, Inc.
    info@americanrebel.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of marketing outreach efforts, continued compliance with Nasdaq listing requirements, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2023 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Company Contact:
    Corey Lambrecht, COO
    Corey.lambrecht@americanrebel.com

    The MIL Network –

    February 12, 2025
  • MIL-OSI: SMX Announces Acquisition of cBEYONData

    Source: GlobeNewswire (MIL-OSI)

    HERNDON, Va., Feb. 11, 2025 (GLOBE NEWSWIRE) — SMX, a leader in next-generation mission support, digital transformation, and IT solutions, today announced the acquisition of cBEYONData. cBEYONData is a provider of implementation, design, and managed service capabilities, as well as a proprietary portfolio of budget management and financial analytics solutions that provide real-time data visibility and transparency to customers within the Department of Defense (DoD) and federal civilian agencies. Together, SMX and cBEYONData (collectively the “Company”) are well-positioned to support customers across the public sector, helping them achieve enhanced visibility, operational efficiency, and financial transparency, each key priorities of Congress and the new administration.

    The acquisition creates a leading provider of differentiated digital transformation capabilities, offering a tailored set of solutions that help government customers manage their increasingly complex financial, planning, and analytical needs. Expertise spans across top financial platforms like Oracle, SAP, and Momentum, while ensuring enhanced scalability, flexibility, and security driven by the Company’s strong relationships with leading cloud infrastructure providers such as Amazon Web Services, Microsoft Azure, and Google Cloud.

    Combined, the Company’s deepened capabilities provide meaningful growth and cross-selling opportunities across its base of complementary customers driven by its end-to-end portfolio of specialized enterprise data and system solutions. One example is CFO Control Tower®, a software suite designed to seamlessly integrate with government ERP systems and provide real-time financial data analytics, robust budget planning capabilities, and enhanced collaboration and automation tools. cBEYONData also offers cBEYONDLab®, a cloud-hosted demonstration environment that allows federal agencies to perform continuous exploration of ERP and ERP-enabled solutions prior to making major software purchases, saving substantial costs associated with process realignment and technology initiatives.

    In recognition of cBEYONData’s breadth of solutions, as well as its multi-decade history serving prominent customers including the U.S. Army, Department of Justice, Department of Homeland Security, and other high priority federal agencies, cBEYONData will continue to operate with its current leadership team under a newly established horizontal business unit within SMX—Enterprise Systems and Solutions (ESS)—led by SMX President, Sandeep Dorawala.

    In welcoming cBEYONData, SMX CEO Peter LaMontagne stated, “cBEYONData brings valuable scale and technical expertise to our strategic growth plan to expand our work supporting the business of government. cBEYONData’s successful solutions at the ‘nexus of data and dollars’ is particularly relevant today as government executives and senior military leaders focus on financial transparency and accountability.”

    cBEYONData CEO Dyson Richards commented on the transaction, “In SMX we have found the right partner to accelerate our growth into new areas while embracing our client and employee focused culture. SMX is a great fit for us based on their corporate philosophy and digital transformation acumen, and we see a very bright future together.”

    Financial terms of the transaction were not disclosed. cBEYONData was a portfolio company of Bluestone Investment Partners (“Bluestone”). KippsDeSanto & Co. and G Squared Capital Partners served as financial advisors, and Holland & Knight as legal counsel to cBEYONData and Bluestone. Gibson, Dunn & Crutcher LLP served as legal counsel to SMX.

    About SMX
    SMX is a leader in next-generation cloud, C6ISR, and advanced engineering and IT solutions operating in close proximity to clients across the U.S. and around the globe. SMX delivers scalable and secure solutions combined with the mission expertise needed to accelerate outcomes for the Department of Defense, Intelligence Community, Public Sector, Fortune 1000, and other public and private sector clients. For more information on our services, please visit https://www.smxtech.com/.

    About OceanSound Partners
    OceanSound Partners is a New York-based private equity firm that pursues control investments in technology and technology-enabled services companies serving government and enterprise end-markets. OceanSound employs a partnership approach, working closely with founders, entrepreneurs, and executives of middle market businesses to drive transformational growth. For more information, visit www.oceansoundpartners.com.

    About cBEYONData
    cBEYONData improves the business of government by understanding the overlapping relationship between data and dollars. We diagnose, design, and implement processes, technology platforms, and the tools and methodologies that help government operate effectively. We believe the right mix of advice, technology, and implementation expertise allows our clients to do right by the budgets, the people, and the mission so that the business of government runs at its very best.

    For inquiries about this press release, please contact us at communications@smxtech.com.

    The MIL Network –

    February 12, 2025
  • MIL-OSI: Morris State Bancshares Declares Special Dividend

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ga., Feb. 11, 2025 (GLOBE NEWSWIRE) — Morris State Bancshares, Inc. (OTCQX: MBLU) (the “Company”), the parent of Morris Bank (the “Bank”), has declared a one-time, special dividend of $0.15 per common, to be paid on March 21, 2025, to all shareholders of record as of February 15, 2025.

    “We’ve demonstrated financial strength and resilience, enabling us to reward our shareholders while well-positioned to capitalize on strategic opportunities,” said Spence Mullis, Chairman and CEO. “This special dividend underscores our confidence in the Bank’s trajectory and our ability to generate value through both earnings and dividends.”

    Forward-looking Statements

    Certain statements contained in this release may not be based on historical facts and are forward-looking statements. These forward-looking statements may be identified by their reference to a future period or periods or by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “may,” “might,” “plan,” “will,” “would,” “could” or “intend.” We caution you not to place undue reliance on the forward-looking statements contained in this news release, in that actual results could differ materially from those indicated in such forward-looking statements as a result of a variety of factors, including, among others, the business and economic conditions; risks related to the integration of acquired businesses and any future acquisitions; changes in management personnel; interest rate risk; ability to execute on planned expansion and organic growth; credit risk and concentrations associated with the Company’s loan portfolio; asset quality and loan charge-offs; inaccuracy of the assumptions and estimates management of the Company makes in establishing reserves for probable loan losses and other estimates; lack of liquidity; impairment of investment securities, goodwill or other intangible assets; the Company’s risk management strategies; increased competition; system failures or failures to prevent breaches of our network security; changes in federal tax law or policy; the impact of recent and future legislative and regulatory changes; and increases in capital requirements. We undertake no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this news release.

    The MIL Network –

    February 12, 2025
  • MIL-OSI: Bitdeer Announces Fourth Quarter and Full Year 2024 Earnings Conference Call for February 25, 2025

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 11, 2025 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced that it has scheduled its fourth quarter and full year 2024 earnings conference call and webcast for Tuesday, February 25, 2025 at 8:00 AM EST. During the call, Bitdeer management will discuss the preliminary and unaudited financial and operational results for the quarter and year ended December 31, 2024, followed by a question-and-answer session.

    Bitdeer will release its fourth quarter and full year 2024 preliminary and unaudited results before the call at approximately 7:00 AM EST on February 25, 2025. A copy of the earnings release will be available on the Company’s Investor Relations website at https://ir.bitdeer.com.

    Conference Call Information:

    • Date: February 25, 2025
    • Time: 8:00 AM EST / 9:00 PM SGT
    • Participant Call Links:
      • Live Webcast: Link
      • Participant Call Registration: Link

    Participants wishing to join the conference call by phone should register using the Participant Call Registration link provided above. After completing the registration, the participants will receive an email with the necessary details to access the call including dial-in number, passcode, and PIN. To ensure a timely start, the Company encourages all callers to connect about 5 minutes before the scheduled time.

    A live and archived webcast of the conference call will be available on the Investors section of Bitdeer’s website at https://ir.bitdeer.com.

    About Bitdeer Technologies Group

    Bitdeer is a world-leading technology company for blockchain and high-performance computing. Bitdeer is committed to providing comprehensive computing solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. To learn more, visit https://ir.bitdeer.com/ or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group.

    Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on the social media and other communication channels listed on its website.

    Forward-Looking Statements

    Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.

    For investor and media inquiries, please contact:

    Investor Relations
    Orange Group
    Yujia Zhai
    bitdeerIR@orangegroupadvisors.com

    Public Relations
    BlocksBridge Consulting
    Nishant Sharma
    bitdeer@blocksbridge.com

    The MIL Network –

    February 12, 2025
  • MIL-OSI Global: Struggling with money? Here are 5 tips for growing your income from a financial expert

    Source: The Conversation – Canada – By Lisa Kramer, Professor of Finance, University of Toronto

    Whether you are just starting or looking to advance your financial skills, there are steps you can take to improve your financial situation. (Shutterstock)

    Personal finance can often feel overwhelming, with many Millennial and Gen Z individuals struggling with student loans, the high cost of living, housing market challenges and a general sense of financial anxiety. But just as any challenge can be overcome through skill development and persistence, so can your finances.

    Whether you are just starting or looking to advance your financial skills, there are steps you can take to improve your financial situation. From basic recommendations to more advanced strategies, here are some ways to get yourself on the path to financial stability.


    Ready to make a change? The Quarter Life Glow-up is a new, six-week newsletter course from The Conversation’s UK and Canada editions.

    Every week, we’ll bring you research-backed advice and tools to help improve your relationships, your career, your free time and your mental health – no supplements or skincare required. Sign up here to start your glow-up at any time.


    1. Create a budget

    The first step to mastering your finances is working out where your money is going. You may discover, as my now-husband realized when he was a graduate student, that you’re spending a third of your food expenditures on coffee.

    Once you determine where your money is going, you can reign in some of your expenses and ensure some money is left over each month to devote to debt repayment or savings. Creating a budget is essential for doing this.

    The Government of Canada has an online budget planner tool available, as does the United States Federal Trade Commission and the United Kingdom government’s Money and Pensions Service.

    Once your budget is made, you can focus on reducing discretionary costs and redirect those savings toward your financial goals.

    Create a realistic budget that aligns with your financial goals.
    (Shutterstock)

    2. Boosting your income

    It can be difficult to reduce expenses in an inflationary environment — especially when the cost of basic needs like food and shelter are becoming increasingly expensive in Canada, the United States and elsewhere.

    But you can still find ways to boost your income without necessarily getting a second or third job.




    Read more:
    Maths that will help you as an adult: from baking a cake to asking for a pay rise


    It can be daunting to ask your employer for a raise, but you’re much more likely to get one if you ask. Arm yourself with quantifiable evidence about your productivity and work ethic. Then, rehearse your request with a mentor who is further along on your career path.

    If you don’t succeed on your first try, use the experience to understand how to secure a raise in the future. Another way to get a raise? While still employed — and on your own time, not company time — look for a new job, get an offer and use it as leverage to politely negotiate a raise. If you’re still unsuccessful, it may be time to move on to that new job.

    3. Build your pension

    Older generations are more likely to have worked in jobs that came with defined-benefit pensions, a type of pension plan that provides someone with a stream of income after they retire.

    These days, jobs are less likely to come with such perks. A recent World Bank report found about half of gig workers worldwide have no retirement plan; in some countries, that figure is as high as 75 per cent.

    It’s important to check if your current employer offers a defined contribution pension plan, which involves you and your employer contributing to a saving account that grows over time.

    Even if you don’t have access to such a plan, consider using a robo-advisor to replicate one of its key features by setting up an automatic monthly contribution to an investment account. Then, you can increase the amount you contribute every time you get a raise.

    You should also consider allocating that investment to a well-diversified stock index, or to a blend of stocks and bonds if you are relatively risk averse. An exchange-traded fund, also known as an ETF, is a low-cost way to do this compared to buying mutual funds. While the value of your investment may go up and down over the short term, it is likely to perform well over the long term.

    Talking to a financial advisor is always a good idea if you feel stuck.
    (Shutterstock)

    4. Steady does it

    Once you have set up automatic contributions and established a routine of increasing them over time, you will see your investment account balance start to grow. Even if you can put away only small amounts each month in the beginning, you’ll develop good financial habits.

    Your next task should be avoiding the temptation of timing the ups and downs of financial markets by actively trading. To dodge this common pitfall, avoid examining the balance of your investment account on a month-to-month basis and keep contributing, regardless of whatever may be happening in financial markets.




    Read more:
    If you have money anxiety, knowing your financial attachment style can help


    Ironically, overconfident investors often underperform the market when they try — and fail — to outperform by frequently trading their investment holdings. Successful investors understand the most reliable path to wealth accumulation is paved with a buy-and-hold mentality, meaning you should purchase investments with the intention of keeping them long-term rather than frequently buying and selling.

    5. Imagine the future

    When you’re young, it can be hard to identify with an abstract future version of yourself in retirement. Your golden years may be decades in the future, and it can seem like you have ages to prepare for whatever life will bring you at that stage in life.

    However, research shows that the clearer you can mentally picture your future self, the more motivated you will be to make sensible saving and retirement planning decisions for your future self.

    Try imagining what your life will be like when you’re retired, or what you will look like. Will you have grey hair or wrinkles? How will you spend your time? Picture your future self in retirement and the kind of life you would like to have.

    Meet the challenge head-on

    If you still find yourself overwhelmed by these tips and don’t know where to begin, consider contacting a fee-only financial advisor to analyze your situation and provide you with personalized advice.

    Remember, no matter what financial challenge you may face, it’s simply a new opportunity to overcome. With the right strategies and support, you’ll be able to tackle any financial hurdles and work toward a more secure future for yourself.

    Achieving financial stability is a journey that requires ongoing effort and dedication. Each milestone you reach brings you closer to your ultimate goal.

    Lisa Kramer has received funding from the Social Sciences and Humanities Research Council of Canada and the Canadian Securities Institute Research Foundation.

    – ref. Struggling with money? Here are 5 tips for growing your income from a financial expert – https://theconversation.com/struggling-with-money-here-are-5-tips-for-growing-your-income-from-a-financial-expert-234623

    MIL OSI – Global Reports –

    February 12, 2025
  • MIL-OSI United Kingdom: Welsh and UK Government Ministers visit GE Aerospace to Highlight Support for Welsh Aerospace Sector

    Source: United Kingdom – Government Statements

    • English
    • Cymraeg

    Wales Office Minister Nia Griffith MP and Welsh Government Cabinet Secretary for Economy Rebecca Evans MS, met with engineers, apprentices, and senior management to discuss ambitions of both Welsh and UK Governments to drive innovation and sustainability in the aerospace sector. 

    Wales Office Minister Nia Griffith MP with GE Aerospace apprentices.

    Wales Office Minister Nia Griffith MP today visited GE Aerospace’s world-class maintenance, repair, and overhaul (MRO) facility in Nantgarw, to reaffirm the UK Government’s commitment to supporting high-skilled jobs, cutting-edge innovation, and economic growth in Wales as part of its forthcoming Industrial Strategy.

    Joined by Rebecca Evans MS, Welsh Government Cabinet Secretary for Economy, Ministers met with engineers, apprentices, and senior management to discuss how GE Aerospace’s investment in its MRO capabilities aligns with the broader ambitions of both Welsh and UK Governments to drive innovation and sustainability in the aerospace sector. 

    With more than 1,300 employees, GE Aerospace’s Nantgarw site is one of the largest and most advanced engine MRO facilities in the world, servicing engines for global airlines, including the GE90 and CFM56, and playing a key role in supporting sustainable aviation. With Welsh Government financial support, Nantgarw will also be home to the GE9X engine upon int entry into service.

    As part of its long-term commitment to Wales, GE Aerospace recently announced a multi-million-pound investment in its Nantgarw MRO facility, further strengthening its capabilities and ensuring it remains a global leader in engine maintenance and repair. The investment is part of GE Aerospace’s global, multiyear $1 billion MRO spending surge that was announced last Autumn.

    The visit follows the Chancellor’s recent Aerospace Technology Institute (ATI) funding announcement, which provides significant UK Government support for research into next-generation aviation technologies, reinforcing the UK’s leadership in the industry.

    Dame Nia Griffith MP, Parliamentary Under Secretary of State for Wales said:

    The UK’s aerospace sector is a cornerstone of our economy, and Wales plays a critical role in its success. 

    Our Industrial Strategy is a vital part of achieving our number one mission of growing the economy, and we are committed to seeing that companies like GE Aerospace get the support and investment they need to remain at the forefront of innovation in a highly competitive sector, in order to help us achieve that economic growth.

    The recent ATI funding announcement further demonstrates our commitment to developing greener, more efficient aviation technologies while securing high-quality jobs for the future.

    Steve Edwards, Managing Director at GE Aerospace’s site in Wales said:

    The Wales team is proud to provide world-class MRO services for our global airline customers. While we continue to focus on safety, quality, delivery and cost in that order, we are equally excited about the future. Looking ahead, our site will become the new overhaul home for the GE9X engine, the largest the most powerful commercial aircraft engine ever built. 

    Government support, including initiatives such as the Aerospace Growth Partnership along with long term funding for the Aerospace Technology Institute, will continue to provide companies such as GE Aerospace the confidence to grow, invest and mature new technologies and capabilities in the UK. 

    Rebecca Evans MS, Cabinet Secretary for Economy, Energy and Planning said:

    Wales is a centre of excellence for aerospace-related manufacturing and maintenance activities, and this world-leading facility by GE Aerospace is another feather in the cap for our thriving aerospace sector.

    Our £5m funding contribution has helped equip the facility and the current workforce to upskill, while developing the next generation of aircraft engineers through training and apprenticeships. This means high-value employment opportunities for people living in the surrounding communities.

    The visit underscored the strong partnership between industry and government in driving innovation and investment, ensuring that companies such as GE Aerospace and the wider aerospace sector remain at the forefront of the UK and Welsh Governments’ industrial strategies.

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    Published 11 February 2025

    MIL OSI United Kingdom –

    February 12, 2025
  • MIL-OSI Security: Saving Lives, Delivering the Future: Heroes in Uniform and Scrubs

    Source: United States Navy (Medical)

    Story by: Chiara M. Caputo

    U.S. Navy Medicine and Training Command (USNMRTC) Sigonella highlights the accomplishments of three remarkable physicians who have dedicated their lives to serving both their patients and their country. These leaders in military medicine embody the values of innovation, resilience, and selfless service.

    Through their tireless efforts, these physicians have not only advanced medical care within the Military Health System but have also paved the way for future generations of leaders in medicine and the armed forces. Each of their stories highlights a profound commitment to excellence and a passion for making a difference, whether on the battlefield, in clinics, or through groundbreaking research.

    We honor their contributions and celebrate their unwavering dedication to health care, military service, and the pursuit of a healthier, stronger future. Through their stories, we hope to inspire future generations and showcase the unwavering commitment of these women in uniform and in diverse roles in Navy Medicine.

    Brandi L Sakai, MD
    Commander, USN
    Board Certified Emergency Medicine Physician

    Born in Welsh, Louisiana, on June 6, 1981, Cmdr. Sakai grew up with a passion for science and the ocean. After graduating from the Louisiana School for Math, Science, and the Arts in 1998, she pursued marine biology, studying diverse ecosystems from the marshes of Louisiana to Scotland’s marine mammals and the vibrant reefs of the Virgin Islands. Her work at the Roy L. Schneider Hospital’s barometric pressure chamber sparked her drive to combine science with service, graduating cum laude with a B.S. in Biology.

    In 2005, she commissioned in the Navy through the Armed Forces Health Professions Scholarship Program (HPSP) and began medical school at Louisiana State University Health Sciences Center. Hurricane Katrina hit during her training, and Commander Sakai worked tirelessly in pop-up clinics, providing care and vaccinations to displaced communities. This experience shaped her dedication to serving others in times of crisis.
    Her Navy career has been marked by leadership and innovation. From integrating Marine medical services in Japan to creating advanced training programs for shock trauma care, she has consistently raised the bar for military medicine. As the Senior Medical Officer in Okinawa and later the Department Head of Emergency Medicine in Guantanamo Bay, she improved operations, ensured top-tier care, and earned recognition for her commitment to excellence.

    Beyond her professional achievements, Commander Sakai is a certified Emergency Medicine Diplomate and a devoted wife and mother of two. When she’s not scuba diving, sailing, or baking, she’s embracing projects that reflect her passion for problem-solving and innovation.

    Reflecting on her career, Cmdr. Sakai shared, “I had many jobs that many would consider a career. I was a PADI scuba instructor and manager of the storefront of a tour operation in St. Thomas US Virgin Islands (USVI). If you took a cruise to the island, you walked past our store on the docks. We may have said hello two decades ago! After doing the job for 5 years, I felt that I had learned all that I could, and there was no chance for advancement based on performance, so I knew that I needed something new and challenging. After getting my degree in Marine Biology and presenting environmental research to the Senate on USVI fisheries and the impact of hotel expansion, I realized that I enjoyed talking and educating people one-on-one, and speaking to rooms and presenting posters wasn’t going to make me happy. I volunteered at the local Emergency Department, and the variety and mental challenge of solving a puzzle on every patient kept me coming back. I decided to turn it into a career, but I also hated to stay in one place (there was a big wide world to explore), so I joined the Navy and never looked back. I did a General Surgery internship, and the Chaplain and I were the only Naval Officers in my first duty with the Marines in Iwakuni, Japan for 3 years. Being part of the Marines for 3 years to start my career really shaped me and set the tone for all my OCONUS tours since. My husband was an Ombudsman and found a great career as a financial educator that allows him to work virtually. If you need advice on mainland Japan, Korea, Okinawa, or Guantanamo Bay, or love medicine and want to explore your options give me a ring.”

    Meagan G. Chauvin, MD, FACOG
    Lieutenant Commander, USN
    Director of Medical Services/Staff Attending OBGYN

    A Houston, Texas native, Lt. Cmdr. Meagan Chauvin has built a remarkable career in military medicine. After earning her Bachelor of Science in Chemistry with Distinction from the U.S. Naval Academy in 2010, she completed her Medical Doctorate at the University of Texas Medical School at Houston in 2014. She completed her Obstetrics and Gynecology residency in 2018 at Naval Medical Center San Diego.

    Her first assignment as a staff OB/GYN took her to Naval Hospital Guam, where she led the OB/GYN Clinic as Department Head and earned Board Certification in Obstetrics and Gynecology. Later, at Fort Belvoir Community Hospital in Virginia, she became Department Chief of the Women’s Health Clinic, further demonstrating her leadership and dedication to women’s health.

    Now serving as the Director of Medical Services at Naval Hospital Sigonella in Italy, Lt. Cmdr. Chauvin continues to lead with excellence. Among her awards are the Defense Meritorious Service Medal and the Navy and Marine Corps Commendation Medal.

    Lt. Cmdr. Chauvin is also a proud wife to Matthew Gerard Chauvin and mom to three children—EJ, Madeline, and Ellie—balancing her professional success with a fulfilling family life. Reflecting on her career, LCDR Chauvin shared, “I was inspired to become an OBGYN, because I loved taking care of women across their lifespan and developing long-term relationships with my patients. In addition, I love welcoming babies into the world and being part of helping patients grow their families. I joined the Navy after being inspired by classmates from high school who also went to service academies. The Naval Academy was an amazing experience that led me to the most important job I can imagine, supporting Navy women and families as an OBGYN. I am proud to follow in the Navy tradition of my great grandfather, who served on a troop transport ship in WWI, and my grandfather, who joined via the Navy V-12 program during WWII.”

    Kristen Shafer, MC
    Lieutenant, USN
    Emergency Medicine Attending

    Born in New York, New York, Lt. Shafer discovered her passion for science and outreach early in life. After earning her bachelor’s degree in chemistry pre-medicine at Indiana University of Pennsylvania in 2014, she brought the wonders of chemistry to life for local elementary students through her self-created Chemistry Magic Show.

    In 2015, she pursued her Master of Science in Space Physiology and Health at King’s College London, where her thesis explored visual function and impairment in dynamic environments. She collaborated with the United Kingdom space program’s Mission X initiative, blending her love of science with public engagement.

    Lt. Shafer joined the Navy through the HPSP program and earned her Doctor of Medicine from Stony Brook University in 2020, graduating early to assist with the initial surge of COVID-19 patients in New York. She went on to complete her Emergency Medicine Residency at USNMRTC Portsmouth in 2024, where she expanded Science, Technology, Engineering, and Math (STEM) outreach programs, inspiring over 300 high school students annually.

    Now an Emergency Medicine Attending at USNMRTC Sigonella, Lt. Shafer continues her commitment to both medicine and mentorship. As Emergency Response Committee Chair, she oversees emergency preparedness, and as a liaison to local DoDEA schools, she is developing a mentorship program to introduce students to healthcare careers and military opportunities.

    With a passion for outreach and academic medicine, LT Shafer embodies the Navy’s mission to serve both on and off the field, inspiring the next generation of leaders. Reflecting on her career in emergency medicine, Lt. Shafer said, “In emergency medicine, we need to be ready for whatever comes in the door at any time. Military medicine lets me practice that medicine and be comfortable providing care not just at any time, but any place in the world and to a population that is dedicated to serving others and making a difference.”

    USNMRTC Sigonella is one of The Defense Health Agency’s Overseas Military Treatment Facilities (MTF). The staff are comprised of active duty service members, General Service (GS), contractors, and Local Nationals. It ensures maximum readiness by providing high-quality, safe patient and family-centered care to maximize force health protection for all beneficiaries, to included NATO and transient DoD forces in the U.S. Fifth Fleet and U.S. Sixth Fleet areas of operation.

    The U. S. Naval Academy (USNA) offers a variety of academic curriculums that prepare their graduates for a rewarding military career. Graduates of the USNA will accept a commission for 5 years of active duty service in the U.S. Navy or Marine Corps. For more information regarding the USNA visit: https://www.usna.edu/homepage.php.

    If you are already in or plan to attend school to be a physician, dentist, optometrist, physician assistant or clinical psychologist, the Armed Forces Health Professions Scholarship Program (HPSP) will pay your educationally based tuition and fees for up to four years of school and provide a monthly stipend paid directly to you. After graduation, you’ll join the Navy’s active duty team as a commissioned officer. In return, you agree to serve a minimum of 2 years on active duty or year for year of scholarship, whichever is longer.

    MIL Security OSI –

    February 12, 2025
  • MIL-OSI Security: Phobos Ransomware Affiliates Arrested in Coordinated International Disruption

    Source: Office of United States Attorneys

    WASHINGTON — The Justice Department today unsealed criminal charges against Roman Berezhnoy, 33, and Egor Nikolaevich Glebov, 39, both Russian nationals, who allegedly operated a cybercrime group using the Phobos ransomware that victimized more than 1,000 public and private entities in the United States and around the world and received over $16 million in ransom payments. Berezhnoy and Glebov were arrested yesterday as part of a coordinated international disruption of their organization, which includes additional arrests and the technical disruption of the group’s computer infrastructure.

    From May 2019, through at least October 2024, Berezhnoy, Glebov, and others allegedly caused victims to suffer losses resulting from the loss of access to their data in addition to the financial losses associated with the ransomware payments. The victims included a children’s hospital, health care providers, and educational institutions.

    According to court documents, Berezhnoy, Glebov, and others operated a ransomware affiliate organization, including under the names “8Base” and “Affiliate 2803,” among others, that victimized public and private entities through the deployment of Phobos ransomware.

    As part of the scheme, Berezhnoy, Glebov, and others allegedly hacked into victim computer networks, copied and stole files and programs on the victims’ network, and encrypted the original versions of the stolen data with Phobos ransomware. The conspirators then allegedly extorted the victims for ransom payments in exchange for the decryption keys to regain access to the encrypted data by, among other things, leaving a ransom note on compromised victim computers and separately reaching out to victims to initiate ransom payment negotiations.

    As alleged, the conspirators also threatened to expose victims’ stolen files to the public or to the victims’ clients, customers, or constituents if the ransoms were not paid. The conspirators are further alleged to have established and operated a darknet website where they repeated their extortionate threats and ultimately published the stolen data if a victim failed to pay the ransom.

    After a successful Phobos ransomware attack, criminal affiliates paid fees to Phobos administrators for a decryption key to regain access to the encrypted files. Each deployment of Phobos ransomware was assigned a unique alphanumeric string in order to match it to the corresponding decryption key, and each affiliate was directed to pay the decryption key fee to a cryptocurrency wallet unique to that affiliate.

    The charges unsealed today against Berezhnoy and Glebov follow the recent arrest and extradition of Evgenii Ptitsyn, a Russian national, on charges relating to his alleged administration of the Phobos ransomware variant.

    In parallel with today’s arrests, Europol and German authorities have announced an international operation involving the FBI and other international law enforcement partners to disrupt over 100 servers associated with this criminal network.

    Berezhnoy and Glebov are charged in an 11-count indictment with one count of wire fraud conspiracy, one count of wire fraud, one count of conspiracy to commit computer fraud and abuse, three counts of causing intentional damage to protected computers, three counts of extortion in relation to damage to a protected computer, one count of transmitting a threat to impair the confidentiality of stolen data, and one count of unauthorized access and obtaining information from a protected computer. If convicted, Berezhnoy and Glebov face a maximum penalty of 20 years in prison on each wire fraud-related count; 10 years in prison on each computer damage count; and five years in prison on each of the other counts. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Erek L. Barron, U.S. Attorney for the District of Maryland; Supervisory Official Antoinette T. Bacon of the Justice Department’s Criminal Division; and Special Agent in Charge William J. DelBagno of the FBI Baltimore Field Office, made the announcement.

    The FBI Baltimore Field Office is investigating the case. The Justice Department extends its thanks to international judicial and law enforcement partners in the United Kingdom, Germany, Japan, Spain, Belgium, Poland, Czech Republic, France, Thailand, Finland, and Romania, as well as Europol and the U.S. Department of Defense Cyber Crime Center, for their cooperation and coordination with the Phobos ransomware investigation. The Justice Department’s National Security Division and Office of International Affairs also provided valuable assistance.

    Assistant U.S. Attorney Thomas M. Sullivan for the District of Maryland and Senior Counsel Aarash A. Haghighat of the Criminal Division’s Computer Crime and Intellectual Property Section (CCIPS) are prosecuting the case. Former CCIPS Trial Attorney Riane Harper and former Assistant U.S. Attorneys Aaron S.J. Zelinsky and Jeffrey J. Izant for the District of Maryland provided substantial assistance.

    Additional details on protecting networks against Phobos ransomware are available at StopRansomware.gov, including Cybersecurity and Infrastructure Security Agency Advisory AA24-060A.

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

    ###

    MIL Security OSI –

    February 12, 2025
  • MIL-OSI: UK Approved KK MINER Launches Best Free Cloud Mining for Bitcoin (BTC) and Dogecoin (DOGE)

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 11, 2025 (GLOBE NEWSWIRE) — Traditionally, cryptocurrency mining requires large capital investments, complex technical setups, and high energy consumption. However, KK MINER is changing the industry by providing accessible, cost-effective cloud mining solutions for Bitcoin (BTC) and Dogecoin (DOGE). As a UK-approved platform, KK MINER democratizes mining by removing the barriers of expensive hardware and technical expertise. With its advanced security, seamless user experience, and guaranteed daily payouts, KK MINER stands out as one of the most promising cloud mining platforms in the crypto ecosystem.

    Features of KK MINER
    KK MINER is designed to provide a safe, efficient and profitable mining experience for users of all levels. Some of its main features include:

    • Enhanced Security: KK MINER integrates McAfee® and Cloudflare® protection to ensure that user data and mining activities are protected from potential cyber threats.
    • Zero Management Fees: Unlike many other platforms that charge hidden fees, KK MINER operates with complete transparency by eliminating unnecessary fees.
    • 100% Uptime Guarantee and 24/7 Technical Support: Users can enjoy continuous mining operations without downtime, ensuring continuous earnings.
    • Multiple Cryptocurrency Support: KK MINER supports mining more than six cryptocurrencies, including Bitcoin, Litecoin, and Dogecoin, etc.
    • Daily Payouts and Instant Signup Bonus: New users can get a $10 signup bonus, earn $1 for free every day, and start mining immediately without upfront investment.

    How to start free cloud mining with KK MINER
    KK MINER provides an easy and hassle-free introduction to cloud mining. Users can start mining in just three simple steps:

    Step 1: Choose a cloud mining provider
    KK MINER offers a $10 free mining plan that simplifies the mining process without the need for expensive mining hardware. This free plan allows users to earn $1 in passive income per day for free without taking any financial risk.

    Step 2: Register an account
    The account creation process is very smooth and only requires an email address. After registration, users can immediately access KK MINER’s mining dashboard to monitor their earnings in real time.

    Step 3: Select a mining contract
    KK MINER offers a variety of contract options to meet the needs of different investment levels. Each contract guarantees a fixed return and predictable daily payouts, ensuring a transparent and profitable mining experience.

    Why KK MINER stands out in cloud mining

    Easy access
    KK MINER is designed for both beginners and experienced miners. The user-friendly interface ensures that even people who have no knowledge of cryptocurrency mining can seamlessly participate and earn rewards.

    Profitability and Flexibility
    Unlike traditional mining setups that require long-term commitments and large investments, KK MINER offers flexible contract terms and guaranteed returns. Users can withdraw earnings daily, reinvest for higher returns, or exit at any time.

    Worry-free experience
    KK MINER handles all technical issues of mining, including equipment maintenance and energy costs. This allows users to focus on maximizing their earnings without having to worry about the complexity of the operation.

    Will KK MINER be the next big thing in the cryptocurrency space?
    The rise of cloud mining platforms like KK MINER marks a change in the way users participate in cryptocurrency mining. Several factors contribute to its potential to become a game changer in the industry:

    1. Regulatory Approval and Compliance As a UK-approved platform, KK MINER offers legitimacy and trust, addressing one of the key issues associated with cloud mining – security and reliability.
    2. Sustainable Mining Model Through energy-efficient cloud mining solutions, KK MINER mitigates the environmental impact of traditional mining methods, making it an attractive option for environmentally conscious investors.
    3. High Adoption Rate and Market Potential An increasing number of retail and institutional users are exploring passive income opportunities in crypto mining, suggesting that platforms like KK MINER are likely to see widespread adoption in the coming years.
    4. Competitive Advantages over Traditional Mining Unlike traditional mining, which requires expensive ASIC miners and high electricity consumption, KK MINER offers a cost-effective alternative that lowers barriers to entry while ensuring profitability.

    Final Thoughts
    KK MINER’s innovative approach to cloud mining promises to reshape the industry, making cryptocurrency mining more convenient, safer, and more profitable. With zero-cost onboarding, guaranteed daily payouts, and a user-friendly experience, KK MINER offers an attractive opportunity for those looking to earn passive income through Bitcoin (BTC) and Dogecoin (DOGE) mining.

    As the cryptocurrency space continues to grow, KK MINER could become a key player in the cloud mining space, offering an attractive alternative to traditional mining setups. Whether you are a beginner exploring cryptocurrency mining for the first time, or a seasoned investor seeking a low-risk, high-return opportunity, KK MINER is worth considering as the next big thing in the cryptocurrency space. Visit the official website: https://kkminer.top/

    Contact:
    KK MINER
    Email: info@kkminer.top
    Website: https://kkminer.top/

    Disclaimer: This press release is provided by KKMiner. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. 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 as financial, investment, or trading advice. Investing in cloud mining and 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.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/2d91f593-be07-4bf7-a401-d5042b902cb6
    https://www.globenewswire.com/NewsRoom/AttachmentNg/1cfa8316-a13a-437d-a29d-fb7525b9712d
    https://www.globenewswire.com/NewsRoom/AttachmentNg/463e5de5-b7f1-443d-8ab6-7f9a55a30fcc

    The MIL Network –

    February 12, 2025
  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi addresses inaugural session of India Energy Week 2025

    Source: Government of India (2)

    Posted On: 11 FEB 2025 4:17PM by PIB Delhi

    The Prime Minister Shri Narendra Modi delivered his remarks at the inauguration of third edition of India Energy Week 2025 via video message today. Addressing the gathering at Yashobhoomi, he emphasized that the attendees are not just part of the Energy Week, but are also integral to India’s energy ambitions.

    India Energy Week was envisioned as more than just another industry conference—it was designed to be a dynamic platform redefining global energy dialogues. In just two years, this self-funded initiative has achieved precisely that, becoming the world’s second-largest energy event. IEW 2025, scheduled from February 11-14, 2025, at Yashobhoomi, New Delhi, represents a significant milestone in shaping the global energy narrative.

     

    Highlighting that experts worldwide are asserting that the 21st century belongs to India, Shri Modi remarked, “India is driving not only its growth but also the growth of the world, with the energy sector playing a significant role”. He emphasized that India’s energy ambitions are built on five pillars: harnessing resources, encouraging innovation among brilliant minds, economic strength and political stability, strategic geography making energy trade attractive and easier, and commitment to global sustainability. The Prime Minister noted that these factors are creating new opportunities in India’s energy sector.

    “India has grown from the tenth largest to the fifth largest economy in the past decade”, remarked Shri Modi. He highlighted that India’s solar energy generation capacity has increased thirty-two times in the last ten years, making it the third-largest solar power generating nation in the world. He noted that India’s non-fossil fuel energy capacity has tripled and that India is the first G20 country to achieve the goals of the Paris Agreement. The Prime Minister emphasized India’s achievements in ethanol blending, with a current rate of nineteen percent, leading to foreign exchange savings, substantial farmer revenue, and significant reductions in CO2 emissions. He highlighted India’s goal of achieving a twenty percent ethanol mandate by October 2025. He remarked that India’s biofuels industry is ready for rapid growth, with 500 million metric tonnes of sustainable feedstock. He further noted that during India’s G20 presidency, the Global Biofuels Alliance was established and is continuously expanding, now involving 28 nations and 12 international organizations. He highlighted that this alliance is transforming waste into wealth and setting up Centers of Excellence.

    Highlighting that India is continuously reforming to fully explore the potential of its hydrocarbon resources, Shri Modi highlighted that major discoveries and extensive expansion of gas infrastructure are contributing to the growth of the gas sector, increasing the share of natural gas in India’s energy mix. He noted that India is currently the fourth largest refining hub and is working to increase its capacity by 20 percent.

    Pointing out that India’s sedimentary basins hold numerous hydrocarbon resources, some of which have already been identified, while others await exploration, the Prime Minister highlighted that to make India’s upstream sector more attractive, the Government introduced the Open Acreage Licensing Policy (OALP). He emphasized that the Government has provided comprehensive support to the sector, including opening the Exclusive Economic Zone and establishing a single-window clearance system. Shri Modi noted that changes to the Oilfields Regulation & Development Act now offer stakeholders policy stability, extended leases, and improved financial terms. He emphasized that these reforms will facilitate the exploration of oil and gas resources in the maritime sector, increase production, and maintain strategic petroleum reserves.

    Prime Minister underlined that due to several discoveries and the expanding pipeline infrastructure in India, the supply of natural gas is increasing. He emphasized that this will lead to a rise in the utilization of natural gas in the near future. He also highlighted that there are numerous investment opportunities in these sectors.

    Shri Hardeep Singh Puri, Minister of Petroleum & Natural Gas, in his address at the event, highlighted the growing significance of the event, which has rapidly become the second-largest energy conference in the world in just three years. This year’s edition has drawn over 70,000 energy professionals from more than 50 countries, including over 20 Ministers and 100 CEOs from Fortune 500 energy companies, making it a key forum 6for discussions on the evolving global energy landscape.

    Shri Puri underscored that IEW 2025 comes at a crucial juncture amid major geopolitical shifts that have reshaped the global energy order. He stressed that the conference offers a unique opportunity for policymakers, industry leaders, and stakeholders to engage in meaningful dialogue, exchange ideas, and chart a course for a balanced and inclusive energy transition. While reaffirming India’s commitment to sustainability, he emphasized that the transition must be pragmatic, recognizing the continued role of hydrocarbons alongside renewables, hydrogen, and biofuels. He cited the International Energy Agency’s (IEA) projection of global energy investment surpassing USD 3 trillion in 2024, with USD 2 trillion dedicated to clean energy technologies, as a clear indication of the accelerating shift toward cleaner energy sources.

    The Minister highlighted India’s leadership in driving energy innovation and entrepreneurship, noting that major global energy firms like BP, Shell, ExxonMobil, and Chevron operate Global Capability Centres in India, employing thousands of Indian engineers to develop cutting-edge solutions for energy efficiency, data analytics, and sustainable operations. He also acknowledged the role of 500+ entrepreneurs participating in start-up challenges such as Avinya and Vasudha, and the 700 exhibiting companies, including over 100 start-ups, showcasing AI-driven energy solutions, quantum computing applications, and advancements in biofuels and battery technologies.

    A key theme of his address was energy justice, where he warned against fragmented energy policies that could deepen inequality by leaving developing economies behind in the transition. He emphasized the need for resilient supply chains in critical minerals, semiconductors, and emerging energy technologies, calling for global collaboration to prevent disruptions that could hinder progress. He also pointed out that India is strategically investing in diverse energy sources, including scaling up biofuel production, increasing its gas share from 6% to 15%, and targeting 5 million metric tonnes of hydrogen production by 2030 to ensure a smooth transition without compromising energy security.

    Concluding his remarks, Shri Puri urged all stakeholders to leverage India Energy Week as a platform for forging transformative partnerships and shaping the global energy agenda. He invited the 6,000+ delegates to engage in the conference’s discussions over the next four days, focusing on strategies to stabilize energy markets, drive technological advancements, and enhance international cooperation. With India playing an increasingly central role in the global energy ecosystem, IEW 2025 is set to be a landmark event for defining the future of energy.

    *******

    MONIKA

    (Release ID: 2101769) Visitor Counter : 48

    MIL OSI Asia Pacific News –

    February 12, 2025
  • MIL-OSI Asia-Pac: LOGISTICS PERFORMANCE INDEX

    Source: Government of India (2)

    Posted On: 11 FEB 2025 4:08PM by PIB Delhi

    As per the World Bank’s Logistics Performance Index (LPI), 2023 India moved up to 22nd Rank in the Global Ranking in International Shipments category and the Overall 38th Rank in Logistics Performance Index score. Indian Ports have registered quantum improvement in “Turn Around Time”. Global comparison of Indian Ports on “Turn Around Time” parameter, as published in World Bank’s Logistics Performance Index (LPI) Report-2023, acknowledges Indian Ports “Turn Around Time” as 0.9 days which is better than USA (1.5 days), Australia (1.7 days), Belgium (1.3 days), Canada (2.0 days), Germany (1.3 days), UAE (1.1 days), Singapore (1.0 days), Russian Federation (1.8 days), Malaysia (1.0 days), Ireland (1.2 days), Indonesia (1.1 days), New Zealand (1.1 days) and South Africa (2.8 days).

    The Maritime Amrit Kaal Vision 2047 was developed in alignment with the principles of the blue economy. It outlines long-term aspirations for India’s maritime sector and provides a broad action plan for implementation. The vision aims to transform the sector through various key initiatives, including the expansion of port capacity through greenfield and brownfield developments, enhancing operational efficiency by leveraging automation and digitization, and making the sector more sustainable through green initiatives such as the development of hydrogen hubs. In addition to sustainability, the vision emphasizes the development of islands and the cruise sector, aiming to boost coastal tourism and related infrastructure. It also focuses on strengthening maritime capacity building by enhancing workforce training and skill development. Furthermore, the vision aspires to elevate India’s global maritime presence by increasing participation in international maritime platforms. Another critical area of focus is the shipbuilding and repair sector. The vision seeks to position India as a global leader in shipbuilding while also working toward increasing the country’s shipping tonnage. To achieve these ambitious objectives, the strategy proposes a comprehensive set of interventions spanning infrastructure development, policy reforms, technological advancements, institutional strengthening, and regulatory enhancements.

    GMIS 2023 attracted investment commitment of ₹10 lakh crore. This includes signing of 360 MoUs, with an investment commitment of ₹8.35 lakh crore (including international collaborations), and the announcement of additional investible projects worth ₹1.68 lakh crore.

    This information was given by the Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal in Rajya Sabha, today.

    ***

    G.D. Hallikeri/Henry

    (Release ID: 2101760) Visitor Counter : 42

    MIL OSI Asia Pacific News –

    February 12, 2025
  • MIL-OSI Asia-Pac: Raksha Mantri invites global community to co-develop & co-produce advanced systems in India

    Source: Government of India (2)

    Raksha Mantri invites global community to co-develop & co-produce advanced systems in India

    Present global security scenario demands innovative approaches & stronger partnerships: Shri Rajnath Singh at Defence Ministers’ Conclave

    “India does not believe in transactional relationships; Its approach emphasises mutual capacity building, prosperity and security of partner nations”

    “Our commitment extends beyond Indian Ocean Region, it serves as a blueprint for fostering global partnerships on equality, trust, mutual respect & adherence to international law”

    Posted On: 11 FEB 2025 3:55PM by PIB Delhi

    Raksha Mantri Shri Rajnath Singh has exhorted the global community to join India in the co-development and co-production of advanced systems, emphasising that the present global security scenario demands innovative approaches & stronger partnerships. He was addressing the Defence Ministers’ Conclave ‘Building Resilience through International Defence and Global Engagement (BRIDGE)’, organised as part of the 15th Aero India in Bengaluru, Karnataka on February 11, 2025. The event witnessed the participation of over 162 delegates from 81 countries, including 15 Defence Ministers, 11 Deputy Defence Ministers, 15 Permanent Secretaries, and 17 Service Chiefs.

    “Increasing number of conflicts, new power plays, new methods & means of weaponisation, growing role of non-state actors and the emergence of disruptive technologies have made the world order more fragile. The distinction between border security and internal security is getting blurred as hybrid warfare has the ability to target critical national infrastructure even during peace time. Cyberspace and Outer space are challenging the established definition of sovereignty,” said Raksha Mantri.

    Shri Rajnath Singh added that disruptive technologies such as Al, quantum technologies, hypersonic and directed energy are transforming the character of warfare, creating new vulnerabilities. He stressed that these changes would have a deep impact on future warfare, forcing reassessment of the capabilities required to meet the challenges.

    Raksha Mantri pointed out that international order and peace cannot be ensured from a position of weakness, and the Government of India, under Prime Minister Shri Narendra Modi, is leaving no stone unturned to transform defence capabilities. “We have put in place a conducive policy regime which encourages investment and production of an entire range of modern state-of-the-art land, maritime & air systems. India’s emergence as a global hub for R&D and innovation in defence is a testament to our capabilities and aspirations,” he said.

    Shri Rajnath Singh said India possesses a vibrant defence start-up ecosystem which has the third largest number of unicorns in the world. He highlighted the unparalleled opportunities for collaboration offered by the thriving Indian aerospace and defence sectors, supported by a significant R&D base and an entrepreneurial spirit. “Our skill base enables us to produce at highly competitive costs. India is committed to share state-of-the-art defence equipment, hardware, services, and technology with our friends and partners,” he told the Defence Ministers and other foreign delegates.

    Raksha Mantri voiced India’s vision of peace, security and development, which is inclusive & collaborative, stating that it is guided by Prime Minister Shri Narendra Modi’s dynamic five ‘S’ approach: Samman (Respect), Samvaad (Dialogue), Sahyog (Cooperation), Shanti (Peace) and Samriddhi (Prosperity). These principles, he added, form the cornerstone of India’s international engagements and resonate strongly in today’s world, which is increasingly witnessing divisions.

    Shri Rajnath Singh asserted that India has embraced the vision of  ‘Security and Growth for All in the Region (SAGAR)’ for the Indian Ocean Region (IOR), focussing on key areas such as maritime security, economic development and blue economy. He added that India’s collaborative efforts in combating non-traditional threats such as piracy, terrorism, illegal & unregulated fishing, and climate-related challenges underline the commitment for global cooperative action beyond IOR. “Our commitment extends beyond IOR and serves as a blueprint for fostering global partnerships built on equality, trust, mutual respect, and adherence to international law,” he said.

    Raksha Mantri laid stress on the fact that India does not believe in transactional relationships or imposing solutions, and its approach emphasises on mutual capacity building, prosperity and security for the sovereignty of partner nations. He stated that the aim is to empower its partners to chart their own paths, through support that aligns with their national priorities. He described equitable partnership as the foundation of defence collaboration, whether it involves supplying Indian-made ships and aircraft, sharing expertise or conducting joint training programmes.

    Shri Rajnath Singh highlighted that India’s position as a preferred partner for defence exports is reinforced by its adherence to quality, reliability, and commitment to the specific needs of partners. “Our defence industry is well-equipped to meet diverse requirements from cutting-edge technology to cost-effective solutions. We take pride in offering customised support that strengthens the capabilities of our partner nations, enabling them to address their security challenges effectively,” he said.

    Raksha Mantri termed the BRIDGE initiative as the commitment to transforming dialogue into actionable outcomes, fostering partnerships that are resilient, adaptable, and forward-looking. Challenges ranging from terrorism and cyber-crime to humanitarian crises and climate-induced disasters transcend borders, and they demand a united response.

    During the meeting, the Defence Ministers lauded the efforts of Department of Defence Production, Ministry of Defence for organising Aero India and providing an opportunity to world-class manufacturers for showcasing latest innovations and technologies under one roof. They appreciated the concept of BRIDGE which promises to work for peace and prosperity for all. They expressed their willingness to work with India for their defence and other requirements, reaffirming their commitment to further deepen the ties with New Delhi.

    The delegates conveyed their desire for Transfer of Technology and co-development & co-production of latest equipment and products, terming India as a partner in resilient supply chain. They acknowledged India’s role in peacekeeping and its efforts towards upgrading the capabilities of many countries in various fields, including defence, health and education.

    Shared security concerns also figured during the deliberations, with the Ministers unanimously agreeing to avoid armed conflict, describing it as anti-people and anti-development. Various challenges such as illegal drug trafficking, illicit fishing, terrorism and cybercrime were discussed, with the nations pledging to fight together against these menaces. They collectively agreed to move forward together with the idea of ‘One Earth, One Family, One Future’, which was the theme of India’s G20 Presidency.

    Delivering the closing remarks, Raksha Rajya Mantri Shri Sanjay Seth expressed gratitude to the attending dignitaries for their participation. He thanked the Defence Ministers, senior officials, and distinguished guests for their engagement and contributions to the conclave. He emphasised the spirit of collaboration embodied by the theme BRIDGE and expressed optimism for continuing existing partnerships while exploring new areas of mutual prosperity through cooperation.

    Secretary (Defence Production) Shri Sanjeev Kumar delivered the welcome address.

    Chief of Defence Staff General Anil Chauhan, Chief of the Naval Staff Admiral Dinesh K Tripathi, Chief of the Army Staff General Upendra Dwivedi, Chief of the Air Staff Air Chief Marshal AP Singh, Defence Secretary Shri Rajesh Kumar Singh and Secretary, Department of Defence R&D and Chairman DRDO Dr Samir V Kamat were also among the dignitaries present on the occasion.

    The conclave provided a platform to discuss key aspects such as defence capacity building through investment, joint ventures & co-production, collaboration in R&D, training & technological advancements in AI & space, Maritime security cooperation and strategic partnerships.

    ****

    VK/SPS/Savvy

    (Release ID: 2101749) Visitor Counter : 75

    MIL OSI Asia Pacific News –

    February 12, 2025
  • MIL-OSI Asia-Pac: India and Israel united against terrorism, pledge stronger ties: Shri Piyush Goyal at India Israel Business Forum

    Source: Government of India (2)

    India and Israel united against terrorism, pledge stronger ties: Shri Piyush Goyal at India Israel Business Forum

    Commerce Minister invites investment from Israel, says India offers a stable and growing market

    Posted On: 11 FEB 2025 3:54PM by PIB Delhi

    India and Israel’s common enemy is terrorism and Prime Ministers of both nations work with a shared purpose to eliminate it. This was stated by Union Minister of Commerce & Industry, Shri Piyush Goyal during his address at the India Israel Business Forum organised by Confederation of Indian Industry (CII) today in New Delhi.

    In the last decade, Shri Goyal noted, the Government has focused on strengthening the macroeconomic fundamentals of the country with a strong emphasis on improving the infrastructure to take economic prosperity to every corner of the country. He also pointed out the Centre’s efforts to provide public welfare over the years. Today the efforts have given rich dividends. The nation is standing on strong macroeconomic fundamentals with ability to withstand Covid, war and amidst turbulent geopolitical times, he said.

    In a bid to prepare the nation to leverage the opportunities, Shri Goyal spoke of 10 Ds – Democracy, Demographic Dividend, Digitalisation of the economy, Decarbonisation, Determination, Dependability of India, Decisive Leadership, Diversity, Development and Demand.

    India has a strong judiciary to fall back on, the Minister noted, and said that the young demographic will provide a strong workforce for the future decades to come. Minister Goyal emphasised on India being a dependable partner to Israel as the country is known to keep every commitment it makes. He also stressed on the demand potential of the country that has shown rapid growth and is set to increase every year. Calling India and Israel natural allies, he noted that due to India’s large demand growth Israel has several key areas from technology to appliances to invest in.

    ***

    Abhishek Dayal/Abhijith Narayanan/Asmitabha Manna

    (Release ID: 2101747) Visitor Counter : 118

    MIL OSI Asia Pacific News –

    February 12, 2025
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