NewzIntel.com

Category: Economy

  • MIL-OSI United Kingdom: Regulator investigates charities over conflicts of interest

    Source: United Kingdom – Executive Government & Departments

    The Charity Commission has opened a statutory inquiry to examine ongoing regulatory concerns regarding the trustees’ management and administration of Solev Co Limited.

    SOLEV CO LIMITED – 254623 was established in 1967 with general charitable purposes. The regulator’s primary concerns focus on related-party transactions recorded in the charity’s accounts and whether conflicts of interest have been managed appropriately, particularly given that the trustees were, until recently, all part of the same family. The previous trustees were all closely related.  Trustees are expected to act in the best interests of the charity and properly manage any conflicts of interest.

    The inquiry will also investigate why the charity has not submitted accounts and annual returns within the statutory timeframe for the past five years and is currently in default with their 2023 and 2024 accounts, which is a legal obligation for trustees.

    The Commission has also opened an inquiry into HATZLOCHO LIMITED – 1082076 to examine similar concerns. The charity’s purposes include advancing the Orthodox Jewish faith, and relieving poverty.

    Both inquiries will examine the administration, governance and management of the charity, in particular the extent to which:

    • the trustees have complied with their statutory reporting duties including the submission of the charity’s annual reports and accounts to the Commission
    • the trustees have acted in accordance with their legal duties, with particular regard to the composition of the trustee board, the management of the charity’s finances, related party transactions and conflicts of interest and/or loyalty
    • any failings or weaknesses identified in the administration of the charity are a result of misconduct and/or mismanagement by the trustees

    The Commission may extend the scope of either inquiry if additional regulatory issues emerge.

    It is the Commission’s policy, after it has concluded an inquiry, to publish a report detailing what issues the inquiry looked at, what actions were undertaken as part of the inquiry and what the outcomes were.  

    ENDS

    Notes to editors

    1. The Charity Commission is the independent, non-ministerial government department that registers and regulates charities in England and Wales. Its ambition is to be an expert regulator that is fair, balanced, and independent so that charity can thrive. This ambition will help to create and sustain an environment where charities further build public trust and ultimately fulfil their essential role in enhancing lives and strengthening society. Find out more: About us – The Charity Commission – GOV.UK
    2. The Charity Commission opened  statutory inquiries into the charities under section 46 of the Charities Act 2011 as a result of its regulatory concerns that there is or has been misconduct and/or mismanagement in their administration. The inquiry into Solev Co Limited (254623) opened on 13 December 2024. The separate inquiry into Hatzlocho Limited (1082076) opened on 19 December 2024.
    3. A statutory inquiry is a legal power enabling the Commission to formally investigate matters of regulatory concern within a charity and to use protective powers for the benefit of the charity and its beneficiaries, assets, or reputation. An inquiry will investigate and establish the facts of the case so that the Commission can determine the extent of any misconduct and/or mismanagement; the extent of the risk to the charity, its work, property, beneficiaries, employees or volunteers; and decide what action is needed to resolve the concerns.
    4. Please note that the Commission has not made any conclusions, and the opening of the inquiry is not a finding of wrongdoing.

    Press office

    Email pressenquiries@charitycommission.gov.uk

    Out of hours press office contact number: 07785 748787

    Updates to this page

    Published 3 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: National Waste Crime Survey 2024-25 launched

    Source: United Kingdom – Government Statements

    The third National Waste Crime Survey (NWCS) is now open for three weeks to understand the scale, impact, and deterrence of waste crime across England

    The Environment Agency is calling on industry and the public to take part in its third National Waste Crime Survey, launched today (Monday 3 February), to gain a greater understanding of waste crime across England.

    Taking the time to respond to our survey is crucial in making England’s approach to tackling waste crime and waste management safer and efficient, and helping us crack down on criminality. The public’s awareness and experience will help the Environment Agency in taking the most effective action against waste criminals.

    The Environment Agency uses the insight that industry and the public provides through the survey to: 

    • Measure the perceived scale and impact of waste crime in England 
    • Understand deterrents that could prevent people from committing waste crime 
    • Gauge public and industry willingness to report waste crimes 
    • Assess the effectiveness of action taken by us and our partners to reduce waste crime.  

    Insights from the survey are crucial in shaping the Environment Agency’s strategic priorities, and the actions taken have resulted in the total number of illegal waste sites in operation falling to 344 last year – the lowest total figure on record. It has never been more important to gather more information on waste crime to ensure this number continues to fall – not least since it is estimated to cost the economy in England a staggering £1 billion annually.   

    Steve Molyneux, Deputy Director of Waste and Resources Regulation at the Environment Agency, said:

    With an estimated 18% of waste illegally managed we know that activities like illegal waste burning and shipping, mis-describing waste, and operating illegal sites cost the economy £1 billion a year.

    Our National Waste Crime Survey is crucial for understanding the scale of these crimes and gathering insights from those directly affected. I encourage everyone impacted by waste crime to take part.

    Your insight will enable us to continue to target waste criminals, stopping them from impacting our environment, communities, the legitimate waste management industry, and the economy.

    Waste Minister Mary Creagh said:  

    Waste criminals are a scourge on society, affecting rural and urban communities equally.

    They make huge profits at the expense of the law-abiding majority, by not paying tax – not to mention the costs of cleaning up after them and making people feel unsafe in their neighbourhoods.

    I urge people to take part in the Environment Agency’s survey to help us crack down on waste criminals and protect the environment.

    The Environment Agency encourages all stakeholders to participate and help promote the survey to others who can help.

    The survey is open for three weeks from 3 February 2025 and can be accessed online.

    Updates to this page

    Published 3 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Lendmark Financial Services Expands Louisiana Presence with Denham Springs Branch, Marking its 17th Location in the State

    Source: GlobeNewswire (MIL-OSI)

    DENHAM SPRINGS, La., Feb. 03, 2025 (GLOBE NEWSWIRE) — Lendmark Financial Services (Lendmark), a leading provider of household credit and consumer loan solutions, continues to expand its Louisiana footprint, opening a new branch in Denham Springs.

    The branch is located at 240 Range 12 Blvd, Suite 104, and is expected to serve hundreds of customers in its first year. Desstina King, who serves as the branch manager, will be responsible for the administration of all daily operations. These include building personal relationships with customers and integrating into the community to ensure area residents receive a superior level of individualized loan services that meet their unique financial needs.

    “As we grow our footprint in Louisiana, we will continue to focus on delivering the tailored loan solutions our customers need to meet planned and unplanned life events,” said Patrick Jones, Vice President of Branch Operations at Lendmark. “Our Louisiana branch openings and overall branch growth demonstrate an ongoing need for diverse household financial options for consumers here and throughout the country.”

    In addition to serving consumers directly, Lendmark provides financing solutions for thousands of retailers and independent auto dealerships, allowing these businesses’ customers to obtain Lendmark financing. Local businesses that are interested in partnering with Lendmark to provide financing solutions for their customers should visit the branch or call 225-453-0987.

    Lendmark’s ‘Climb to Cure’ is its signature cause-related initiative. The company has committed to raising $10 million by 2025 to mark its 10-year anniversary partnering with CURE Childhood Cancer. So far, Lendmark’s employees, partners and customers have raised $8.83 million to support CURE, an Atlanta-based nonprofit dedicated to funding targeted pediatric cancer research that is utilized nationwide.

    About Lendmark Financial Services
    Lendmark Financial Services (Lendmark) provides personal and household credit and loan solutions to consumers. Founded in 1996, Lendmark strives to be the lender, employer, and partner of choice by protecting household wealth, offering stability and helping consumers meet both planned and unplanned life events through affordable loan offerings. Today, Lendmark operates more than 510 branches in 22 states across the country, providing personalized services to customers and retail business partners with every transaction. Lendmark is headquartered in Lawrenceville, Ga. For more information, visit www.lendmarkfinancial.com.

    Media Contact
    Jeff Hamilton
    Senior Manager, Corporate Communications
    jhamilton@lendmarkfinancial.com
    678-625-3128

    The MIL Network –

  • MIL-OSI: Solum Global Inc. Announces Blockchain-Based Electronic Health Wallet (EHW) Solution for U.S. Healthcare Industry

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, FL, Feb. 03, 2025 (GLOBE NEWSWIRE) — Solum Global Inc. (“Solum Global, Solum or the Company”) is a transparent digital network with a fully decentralized, permissionless blockchain protocol and stablecoin (sgUSD) for storing, trading, and transferring digital and real-world assets enabling immediate settlement between individuals, businesses, and governments, announced today its entrance into the U.S. healthcare industry with the anticipated second quarter 2025 release of its electronic health wallet, a blockchain-powered solution designed to streamline transactions, reduce fraud, and enhance data protection.  

    Solum Global is transforming U.S. healthcare by integrating artificial intelligence (AI), smart contracts, and its stablecoin (sgUSD) with a proprietary electronic health wallet (EHW). EHW is a blockchain-based web3 platform that streamlines revenue cycle management (RCM), replacing fragmented legacy web2 systems with a unified, secure, and automated solution. Leveraging blockchain’s key attributes—programmability, security, immutability, and smart contract billing—Solum enables instant payments through its EHW using sgUSD, a U.S. dollar-backed stablecoin. AI-driven analysis of historical medical records helps detect financial inefficiencies, including billing errors, waste, abuse, and fraud, while predicting and optimizing future medical expenditures for providers, hospitals, and insurers.

    “Healthcare professionals, hospitals, senior care providers, and insurance companies all recognize the inefficiencies in the U.S. healthcare system, but stakeholders underestimate their true scale. By exposing the full extent of these losses and providing a solution, Solum improves profitability for its clients and contributes to a more secure, efficient, and sustainable healthcare system, benefiting providers, patients, and payers,” stated Geary Stonesifer, CEO of Solum Global, Inc.

    The U.S. healthcare system is plagued by inefficiencies, rising costs, and security vulnerabilities, making innovation more critical than ever. In 2023, the amount spent within the U.S. healthcare industry was a staggering $4.9 trillion, which was $14,570 per person and 17.6% of the nation’s Gross Domestic Product (GDP), equivalent to one out of every six dollars spent on the U.S. economy. The Journal of Managed Care and Specialty Pharmacy reports an estimated $262 billion in claims are denied annually by payers in the United States. The National Health Care Anti-Fraud Association estimates the annual cost of healthcare accounts for an estimated 3% to 10% of all expenditures, or $147 – $490 billion annually. Data breaches among healthcare and medical insurance companies that expose sensitive personal information for millions of Americans occur routinely. The Department of Health and Human Services (HHS) Office for Civil Rights (OCR) published that 725 breaches compromised over 133 million records across healthcare and insurance companies. The Solum Global electronic health wallet addresses these challenges by providing a secure, blockchain-powered solution that streamlines transactions, reduces fraud, and enhances data protection. By providing individuals with greater control over their health information, Solum Global is setting a new standard for security and efficiency in healthcare.

    About Solum Global Inc.
    Solum Global is a transparent digital network with a fully decentralized, permissionless blockchain protocol for storing, trading, and transferring digital and real-world assets, enabling immediate settlement between individuals, businesses, and governments. Utilizing cutting-edge blockchain technology, Artificial Intelligence (AI), smart contracts, the Company’s stablecoin (sgUSD), and a proprietary electronic health wallet (EHW), Solum Global provides a seamless solution that addresses the significant challenges inherent in the U.S. healthcare industry. For more information, visit  www.solum.global.

    Forward-Looking Statements 
    Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws.  Words such as “may,” “might,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements.  These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the Securities and Exchange Commission. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

    Contacts:

    Investor Relations
    Hanover International
    ka@hanoverintlinc.com

    Media Contact
    media@solum.global

    The MIL Network –

  • MIL-OSI USA News: Imposing Duties to Address the Situation at Our Southern Border

    Source: The White House

              By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.) (NEA), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code,

              I, DONALD J. TRUMP, President of the United States of America, find that the sustained influx of illegal aliens and illicit opioids and other drugs has profound consequences on our Nation, endangering lives and putting a severe strain on our healthcare system, public services, communities, and schools.  Since the end of my first term, U.S. Customs and Border Protection (CBP) within the Department of Homeland Security has recorded more than three times as many inadmissible encounters nationwide as during my first term.

         These challenges threaten the fabric of our society.  Gang members, smugglers, human traffickers, and illicit drugs of all kinds have poured across our borders and into our communities.  Mexico has played a central role in these challenges, including by failing to devote sufficient attention and resources to meaningfully stem the tide of unlawful migration and illicit drugs.

         Mexican drug trafficking organizations (DTOs) are the world’s leading traffickers of fentanyl, methamphetamine, cocaine, and other illicit drugs, and they cultivate, process, and distribute massive quantities of narcotics that fuel addiction and violence in communities across the United States.  These DTOs collaborate and conspire with transnational cartels and other global partners to smuggle drugs into the United States, utilizing clandestine airstrips, maritime routes, tunnels, and overland corridors, and both willing and unwilling human couriers.  

         The Mexican DTOs have an intolerable alliance with the government of Mexico. This alliance endangers the national security of the United States, and we must eradicate the influence of these dangerous cartels from the bilateral environment. The government of Mexico has afforded safe havens for the cartels to engage in the manufacturing and transportation of illicit drugs, which collectively have led to the overdose deaths of hundreds of thousands of American victims.

         Mexican cartels are also implicated in human trafficking and smuggling operations, enabling the illegal migration of millions across our borders.  These operations are often tied to organized crime, and they create pathways for cartel activities to expand into the United States.  Furthermore, violent criminals originating from Central and South America easily transit into and through Mexico, and into the United States, where they cause irreparable harm to our citizens.  These dangerous criminals are involved in drug-related violence, gang activity, and other crimes that endanger the safety of American communities.
     
         Immediate action is required to address the national emergency I declared in Proclamation 10886 of January 20, 2025 (Declaring a National Emergency at the Southern Border of the United States), and to finally end the public health crisis caused by opioid use and addiction, which will not happen unless the compliance and cooperation of the government of Mexico is assured.

         I hereby determine and order:
         Section 1.  (a)  As President of the United States, my highest duty is the defense of the country and its citizens.  A Nation without borders is not a Nation at all.  I will not stand by and allow our sovereignty to be eroded, our laws to be trampled, our citizens to be endangered, or our borders to be disrespected anymore.

         I previously declared a national emergency with respect to the grave threat to the United States posed by the influx of illegal aliens and illicit drugs into the United States in Proclamation 10886.  Pursuant to the NEA, I hereby expand the scope of the national emergency declared in that proclamation to cover the failure of Mexico to arrest, seize, detain, or otherwise intercept DTOs, other drug and human traffickers, criminals at large, and illicit drugs.  In addition, this failure to act on the part of the government of Mexico constitutes an unusual and extraordinary threat, which has its source in substantial part outside the United States, to the national security, foreign policy, and economy of the United States.  I hereby declare and reiterate a national emergency under the NEA and IEEPA to deal with that threat.  This national emergency requires decisive and immediate action, and I have decided to impose, consistent with law, ad valorem tariffs on articles that are products of Mexico as set forth in this order.  In doing so, I invoke my authority under section 1702(a)(1)(B) of IEEPA, and specifically find that action under other authority to impose tariffs is inadequate to address this unusual and extraordinary threat.

         Sec. 2.  (a)  All articles that are products of Mexico, as defined by the Federal Register notice described in section 2(d) of this order (the Federal Register notice), shall be, consistent with law, subject to an additional 25 percent ad valorem rate of duty.  Such rate of duty shall apply with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern time on February 4, 2025, except that goods entered for consumption, or withdrawn from warehouse for consumption, after such time that were loaded onto a vessel at the port of loading or in transit on the final mode of transport prior to entry into the United States before 12:01 a.m. eastern time on February 1, 2025, shall not be subject to such additional duty, only if the importer certifies to CBP as specified in the Federal Register notice. 
         (b)  The rates of duty established by this order are in addition to any other duties, fees, exactions, or charges applicable to such imported articles. 
         (c)  Should the government of Mexico retaliate against the United States in response to this action through import duties on United States exports to Mexico or similar measures, the President may increase or expand in scope the duties imposed under this Executive Order to ensure the efficacy of this action. 
         (d)  In order to establish the duty rate on imports of articles that are products of Mexico, the Secretary of Homeland Security shall determine the modifications necessary to the Harmonized Tariff Schedule of the United States (HTSUS) in order to effectuate this order consistent with law and shall make such modifications to the HTSUS through notice in the Federal Register.  The modifications made to the HTSUS by this notice shall be effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern time on February 4, 2025, except as otherwise noted in subsection 2(a) of this section, and shall continue in effect until such actions are expressly reduced, modified, or terminated.
         (e)  Articles that are products of Mexico, except those that are eligible for admission under “domestic status” as defined in 19 CFR 146.43, which are subject to the duties imposed by this order and are admitted into a United States foreign trade zone on or after 12:01 a.m. eastern time on February 4, 2025, except as otherwise noted in subsection 2(a) of this section, must be admitted as “privileged foreign status” as defined in 19 CFR 146.41.  Such articles will be subject upon entry for consumption to the rates of duty related to the classification under the applicable HTSUS subheading in effect at the time of admittance into the United States foreign trade zone. 
         (f)  No drawback shall be available with respect to the duties imposed pursuant to this order.
         (g)  For avoidance of doubt, duty-free de minimis treatment under 19 U.S.C. 1321 shall not be available for the articles described in subsection (a) of this section.
         (h)  Any prior Presidential Proclamation, Executive Order, or other presidential directive or guidance related to trade with Mexico that is inconsistent with the direction in this order is hereby terminated, suspended, or modified to the extent necessary to give full effect to this order. 
         (i)  The articles described in subsection (a) of this section shall exclude those encompassed by 50 U.S.C. 1702(b).

         Sec. 3.  (a)  The Secretary of Homeland Security shall regularly consult with the Secretary of State, the Attorney General, the Assistant to the President for National Security Affairs, and the Assistant to the President for Homeland Security on the situation at our southern border.  The Secretary of Homeland Security shall inform the President of any circumstances that, in the opinion of the Secretary of Homeland Security, indicate that the government of Mexico has taken adequate steps to alleviate the illegal migration and illicit drug crisis through cooperative actions.  Upon the President’s determination of sufficient action to alleviate the crisis, the tariffs described in section 2 of this order will be removed.
         (b)  The Secretary of Homeland Security, in coordination with the Secretary of State, the Attorney General, the Assistant to the President for National Security Affairs, and the Assistant to the President for Homeland Security shall recommend additional action, if necessary, should the government of Mexico fail to take adequate steps to alleviate the illegal migration and illicit drug crises through cooperative enforcement actions.

         Sec. 4.  The Secretary of Homeland Security, in consultation with the Secretary of the Treasury, the Attorney General, and the Secretary of Commerce, is hereby authorized to take such actions, including adopting rules and regulations, and to employ all powers granted to me by IEEPA as may be necessary to implement this order.  The Secretary of Homeland Security may, consistent with applicable law, redelegate any of these functions within the Department of Homeland Security.  All agencies shall take all appropriate measures within their authority to implement this order.

           Sec. 5.  The Secretary of Homeland Security, in coordination with the Secretary of the Treasury, the Attorney General, the Secretary of Commerce, the Assistant to the President for National Security Affairs,  and the Assistant to the President for Homeland Security, is hereby authorized to submit recurring and final reports to the Congress on the national emergency under IEEPA declared in this order, consistent with section 401(c) of the NEA (50 U.S.C. 1641(c)) and section 204(c) of IEEPA (50 U.S.C. 1703(c)).

         Sec. 6.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:
         (i)   the authority granted by law to an executive department, agency, or the head thereof; or
         (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
         (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
         (c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

    THE WHITE HOUSE, 
        February 1, 2025.

    MIL OSI USA News –

  • MIL-OSI USA News: Imposing Duties to Address the Synthetic Opioid Supply Chain in the People’s Republic of China

    Source: The White House

         By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.) (NEA), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code,

         I, DONALD J. TRUMP, President of the United States of America, find that the sustained influx of synthetic opioids has profound consequences on our Nation, including by killing approximately two hundred Americans per day, putting a severe strain on our healthcare system, ravaging our communities, and destroying our families.  Synthetic opioid overdose is the leading cause of death for people aged 18 to 45 in the United States. 

         During my first term, I took steps to end the direct flow of fentanyl and other synthetic opioids from the People’s Republic of China (PRC) to the United States.  Since then, the Chinese Communist Party (CCP), which exerts ultimate control over the government and enterprises of the PRC, has subsidized and otherwise incentivized PRC chemical companies to export fentanyl and related precursor chemicals that are used to produce synthetic opioids sold illicitly in the United States. 

         Furthermore, the PRC provides support to and safe haven for PRC-origin transnational criminal organizations (TCOs) that launder the revenues from the production, shipment, and sale of illicit synthetic opioids.  These PRC-origin TCOs coordinate and communicate using PRC social media software applications in the conduct of their business.

         Many PRC-based chemical companies also go to great lengths to evade law enforcement and hide illicit substances in the flow of legitimate commerce.  Some of the techniques employed by these PRC-based companies to conceal the true contents of the parcels and the identity of the distributors include the use of re-shippers in the United States, false invoices, fraudulent postage, and deceptive packaging.   While more than 500,000 pounds of drugs have been seized at the southern border each of the last 3 fiscal years, in addition, more than 42,000 pounds of drugs have been seized at the northern border each year on average over the last 3 years.  Illicit drugs kill tens of thousands of Americans each year, including 75,000 deaths per year attributed to fentanyl alone.

         The influx of these drugs to our Nation threatens the fabric of our society.  The PRC plays a central role in this challenge, not merely by failing to stem the ultimate source of many illicit drugs distributed in the United States, but by actively sustaining and expanding the business of poisoning our citizens.

         The flow of contraband drugs like fentanyl to the United States through illicit distribution networks has created a national emergency, including a public health crisis in the United States, as outlined in the Presidential Memorandum of January 20, 2025 (America First Trade Policy), Proclamation 10886 of January 20, 2025 (Declaring a National Emergency at the Southern Border of the United States), and Executive Order 14157 of January 20, 2025 (Designating Cartels and Other Organizations as Foreign Terrorist Organizations and Specially Designated Global Terrorists). 

         Despite multiple attempts to resolve this crisis at its root source through bilateral dialogue, PRC officials have failed to follow through with the decisive actions needed to stem the flow of precursor chemicals to known criminal cartels and shut down the money laundering TCOs.  The PRC implements the most sophisticated domestic surveillance network coupled with the most comprehensive domestic law enforcement apparatus in the world.  The PRC also routinely exerts extraterritorial reach across the globe to threaten, harass, and suppress what it views as political dissent.  As such, the CCP does not lack the capacity to severely blunt the global illicit opioid epidemic; it simply is unwilling to do so.

         Immediate action is required to address the national emergency I declared and to finally end this emergency, including the public health crisis caused by opioid use and addiction, which will not happen until the full compliance and cooperation of the PRC government is assured.
    I hereby determine and order:
         Section 1.  (a)  As President of the United States, my highest duty is the defense of the country and its citizens.  I will not stand by and allow our citizens to be poisoned, our laws to be trampled, our communities to be ravaged, or our families to be destroyed.

         I previously declared a national emergency with respect to the grave threat to the United States posed by the influx of illegal aliens and drugs into the United States in Proclamation 10886.  Pursuant to the NEA, I hereby expand the scope of the national emergency declared in that proclamation to cover the failure of the PRC government to arrest, seize, detain, or otherwise intercept chemical precursor suppliers, money launderers, other TCOs, criminals at large, and drugs.  In addition, this failure to act constitutes an unusual and extraordinary threat, which has its source in substantial part outside the United States, to the national security, foreign policy, and economy of the United States.  I hereby declare and reiterate a national emergency under the NEA and IEEPA to deal with that threat.  This national emergency requires decisive and immediate action, and I have decided to impose, consistent with law, ad valorem tariffs on articles that are products of the PRC as set forth in this order.  In doing so, I invoke my authority under section 1702(a)(1)(B) of IEEPA, and specifically find that action under other authority to impose tariffs is inadequate to address this unusual and extraordinary threat.

         Sec. 2.  (a)  All articles that are products of the PRC, as defined by the Federal Register notice described in section 2(d) of this order (the Federal Register notice), shall be, consistent with law, subject to an additional 10 percent ad valorem rate of duty.  Such rate of duty shall apply with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern time on February 4, 2025, except that goods entered for consumption, or withdrawn from warehouse for consumption, after such time that were loaded onto a vessel at the port of loading or in transit on the final mode of transport prior to entry into the United States before 12:01 a.m. eastern time on February 1, 2025, shall not be subject to such additional duty, only if the importer certifies to U.S. Customs and Border Protection within the Department of Homeland Security as specified in the Federal Register notice. 
         (b)  The rates of duty established by this order are in addition to any other duties, fees, exactions, or charges applicable to such imported articles. 
         (c)  Should the PRC retaliate against the United States in response to this action through import duties on United States exports to the PRC or similar measures, the President may increase or expand in scope the duties imposed under this Executive Order to ensure the efficacy of this action.
         (d)  In order to establish the duty rate on imports of articles that are products of the PRC, the Secretary of Homeland Security shall determine the modifications necessary to the Harmonized Tariff Schedule of the United States (HTSUS) in order to effectuate the objectives of this order consistent with law and shall make such modifications to the HTSUS through notice in the Federal Register.  The modifications made to the HTSUS by this notice shall be effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern time on February 4, 2025, except as otherwise noted in subsection 2(a) of this section, and shall continue in effect until such actions are expressly reduced, modified, or terminated.
         (e)  Articles that are products of the PRC, except those that are eligible for admission under “domestic status” as defined in 19 CFR 146.43, which are subject to the duties imposed by this order and are admitted into a United States foreign trade zone on or after 12:01 a.m. eastern time on February 4, 2025, except as otherwise noted in subsection 2(a) of this section, must be admitted as “privileged foreign status” as defined in 19 CFR 146.41.  Such articles will be subject upon entry for consumption to the rates of duty related to the classification under the applicable HTSUS subheading in effect at the time of admittance into the United States foreign trade zone. 
         (f)  No drawback shall be available with respect to the duties imposed pursuant to this order. 
         (g)  For avoidance of doubt, duty-free de minimis treatment under 19 U.S.C. 1321 shall not be available for the articles described in subsection (a) of this section. 
         (h)  Any prior Presidential Proclamation, Executive Order, or other presidential directive or guidance related to trade with the PRC that is inconsistent with the direction in this order is hereby terminated, suspended, or modified to the extent necessary to give full effect to this order. 
         (i)  The articles described in subsection (a) of this section shall exclude those encompassed by 50 U.S.C. 1702(b).

         Sec. 3.  (a)  The Secretary of Homeland Security shall regularly consult with the Secretary of State, the Attorney General, the Assistant to the President for National Security Affairs, the Attorney General, and the Assistant to the President for Homeland Security on the situation regarding the PRC.  The Secretary of Homeland Security shall inform the President of any circumstances that, in the opinion of the Secretary of Homeland Security, indicate that the PRC government has taken adequate steps to alleviate the opioid crisis through cooperative actions.  Upon the President’s determination of sufficient action to alleviate the crisis, the tariffs described in section 2 of this order will be removed.
         (b)  The Secretary of Homeland Security, in coordination with the Secretary of State, the Attorney General, the Assistant to the President for National Security Affairs, and the Assistant to the President for Homeland Security, shall recommend additional action, if necessary, should the PRC fail to take adequate steps to alleviate the illicit drug crisis through cooperative enforcement actions.

         Sec. 4.  The Secretary of Homeland Security, in consultation with the Secretary of the Treasury, the Attorney General, and the Secretary of Commerce, is hereby authorized to take such actions, including adopting rules and regulations, and to employ all powers granted to the President by IEEPA as may be necessary to implement this order.  The Secretary of Homeland Security may, consistent with applicable law, redelegate any of these functions within the Department of Homeland Security.  All executive departments and agencies shall take all appropriate measures within their authority to implement this order.

         Sec. 5.  The Secretary of Homeland Security, in coordination with the Secretary of the Treasury, the Secretary of Commerce, the Assistant to the President for National Security Affairs, the Attorney General, and the Assistant to the President for Homeland Security, is hereby authorized to submit recurring and final reports to the Congress on the national emergency under IEEPA declared in this order, consistent with section 401(c) of the NEA (50 U.S.C. 1641(c)) and section 204(c) of IEEPA (50 U.S.C. 1703(c)).

         Sec. 6.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:
         (i)   the authority granted by law to an executive department, agency, or the head thereof; or
         (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
         (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
         (c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    THE WHITE HOUSE,
        February 1, 2025.

    MIL OSI USA News –

  • MIL-OSI: INVL Renewable Energy Fund I will publicly offer EUR 8 million of bonds via REFI Energy

    Source: GlobeNewswire (MIL-OSI)

    The INVL Renewable Energy Fund I managed by INVL Asset Management, the leading alternative asset manager in the Baltics, will start the public offering of an EUR 8 million bond issue on 4 February through REFI Energy, a company it owns. The bonds will be offered to private and institutional investors in the Baltic countries. The proceeds will go to refinance previously issued bonds.

    The bond issue has a maturity of 2.5 years. The fixed interest rate on the debt securities will be set in the range of 7.5% to 8.5% and announced at completion of the offering. Interest will be paid quarterly to investors. The INVL Renewable Energy Fund I will provide guarantees to all holders of the bonds.

    “The fund continues actively developing renewable energy projects – the construction of solar power plants – in Romania and Poland. A successful offering of the new bonds will allow us not only to carry out the planned projects but also to reduce debt costs by refinancing bonds issued in 2023,” says Liudas Liutkevičius, Managing Partner of the INVL Renewable Energy Fund I.

    The bonds of the company owned by the INVL Renewable Energy Fund I will be offered to investors from 4 February until 1 p.m. on 17 February. The manager and distributor of the public bond offering is Šiaulių Bankas. The certified advisor to the issuer is the law firm TGS Baltic, while the bondholders’ trustee is the company Audifina. Within 3 months of the completion of the offering, the debt securities will be listed on the First North alternative securities market operated by Nasdaq Vilnius.

    More details about the bonds issue and the offering process are available at www.invlrenewable.com  in the section for Investors relations

    An online webinar for investors and question-and-answer session will be held on 10 February at 10 a.m. The link to the presentation is here. The presentation will be held in English.

    The fund’s company REFI Energy raised EUR 3.5 million from investors in late June 2023 in a private placement of 2-year 9.5% fixed-rate bonds. In September of the same year, the company entered the public bond market and raised EUR 4.5 million in a public offering of bonds with the same maturity. Those bonds, offered only in Lithuania, have a yield of 10%. Both issues were carried out under the General Terms and Conditions for EUR 8 million of REFI Energy Bonds.

    The INVL Renewable Energy Fund I is focusing on the Polish and Romanian markets, where the fund’s managers see big growth potential. Total capacity of the fund’s portfolio of projects in development in these markets is 388 MW.

    In Romania, the fund is investing in projects for 8 solar plants with a combined capacity of 356 MW. In Poland, it is developing solar park projects with over 32 MW of capacity. Investments in the projects in Romania and Poland are expected to exceed EUR 258 million. Construction of all the solar parks in those countries should be completed by the end of the first quarter of 2027.

    To date the INVL Renewable Energy Fund I has raised EUR 73.9 million from investors through investment units and bonds. 

    About the INVL Renewable Energy Fund I 

    The INVL Renewable Energy Fund I was established on 20 July 2021 by INVL Asset Management, the leading alternative asset manager in the Baltic States, as a sub-fund for informed investors. It invests in early- and mid-stage renewable energy projects (solar), including the construction of new power plants, the development and/or acquisition of the infrastructure necessary for the operation of power plants, and effective management of existing power plants in the European Union and member states of the European Economic Area. 

    INVL Asset Management is part of Invalda INVL, the leading Baltic asset management group.

    Further information:
    Liudas Liutkevičius
    Managing Partner of the INVL Renewable Energy Fund I
    liudas.liutkevicius@invl.com

    The MIL Network –

  • MIL-OSI: StoneX Completes Acquisition of Octo Finances

    Source: GlobeNewswire (MIL-OSI)

    LONDON and PARIS, Feb. 03, 2025 (GLOBE NEWSWIRE) — StoneX Group Inc. (the “Company”; NASDAQ: SNEX) today announced the completion of its acquisition of Octo Finances SA (“Octo Finances”), which will further expand the Company’s offering in fixed income and strengthen its capabilities in Europe.

    “We’re thrilled to officially welcome Octo Finances to StoneX Group and believe the company will provide us with significant new capabilities. Our joint planning is well underway, and we are excited by the opportunities for growth for the combined business in Europe,” said Anthony Di Ciollo, Global Head of Fixed Income at StoneX.

    Octo Finances is a leading fixed income broker based in Paris, France. The company has expertise in bond and convertible sales, debt capital markets and credit research, having published over 75,000 reports since their founding in 1991.

    About StoneX Group Inc.

    StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The Company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune 100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ:SNEX), StoneX Group Inc. and its more than 4,500 employees serve more than 54,000 commercial, institutional, and payments clients, and more than 400,000 retail accounts, from more than 80 offices spread across six continents. Further information on the Company is available at www.stonex.com.

    About Octo Finances SA

    Octo Finances SA is a premier fixed income brokerage firm based in Paris, France, specializing in bond and convertible sales, debt capital markets, and credit research. Established in 1991, Octo Finances has built a robust client base that includes banks, insurance companies, private debt funds, mutual funds, and private wealth managers. With a commitment to delivering exceptional client service and market insights, Octo Finances continues to be a trusted partner in the financial services industry.

    Investor inquiries:
    Kevin Murphy
    (212) 403 – 7296
    kevin.murphy@stonex.com

    SNEX-G

    The MIL Network –

  • MIL-OSI: Sophos Completes Secureworks Acquisition

    Source: GlobeNewswire (MIL-OSI)

    OXFORD, United Kingdom and ATLANTA, Feb. 03, 2025 (GLOBE NEWSWIRE) — Sophos and Secureworks® (NASDAQ:SCWX), two global cybersecurity pioneers that have innovated and redefined services and technology solutions for defeating cyberattacks, today announced the completion of Sophos’ acquisition of Secureworks. The all-cash transaction values Secureworks at approximately $859 million. With the completion of the acquisition, Secureworks’ common stock has ceased trading on Nasdaq. Sophos is backed by Thoma Bravo, a leading software investment firm.

    With this acquisition, Sophos is now the leading pure-play cybersecurity provider of Managed Detection and Response (MDR) services, supporting more than 28,000 organizations of all sizes worldwide. The combination will enable Sophos to deliver an unparalleled security operations platform, featuring hundreds of built-in integrations for adaptive protection, detection and response for mitigating cyberattacks. The open and scalable platform helps organizations, especially those with diverse IT estates, safeguard current and future technology investments, providing greater operational efficiencies and return on cybersecurity spend. Sophos X-Ops is also expanding its threat intelligence and security services capabilities with the addition of the Secureworks Counter Threat Unit™ and security operations and advisory teams.

    As a channel-first cybersecurity provider, Sophos remains unwavering in its commitment to deliver cutting-edge security services and technologies that empower our global community of resellers, Managed Service Providers (MSPs) and Managed Security Services Providers (MSSPs). This includes expanding their reach, enhancing operational scalability and providing stronger defenses to the countless organizations that need the ability to effectively defend against today’s constant and complex cyberattacks.

    “The market is embracing MDR as a clear means to deliver positive cybersecurity outcomes, and this has meant rapid growth in the category,” said Joe Levy, CEO, Sophos. “Sophos is differentiated by our very mature competencies in ransomware detection, malware analysis and threat actor tradecraft. These defenses are further augmented by Sophos’ native artificial intelligence (AI), first innovated by our globally peer recognized AI team nearly a decade ago, and embedded in our MDR, endpoint, network, email, and cloud security to more effectively neutralize and stop threats. With the integration of Secureworks, our expanded services and product portfolio will provide even stronger end-to-end security solutions that will include identity threat detection and response (ITDR), next-gen SIEM and managed risk, all in a single open platform.

    “We will also be able to further advance our AI, threat intelligence and attack research through more diverse and deeper global telemetry that is analyst-tuned for the real-world. At every level, we are very excited about this next accelerated chapter for Sophos.”

    Available Now
    In the near term, Sophos and Secureworks are operating business as usual, working with our respective channel partners, MSPs and MSSPs worldwide to distribute our existing security services and technology. Both companies’ sales and customer experience groups will operate to support existing customers, assist with renewals and develop current and new business opportunities. Sophos protects more than 600,000 customers worldwide with its portfolio of MDR, endpoint, network, email, and cloud security solutions that integrate and adapt to provide real-time defense through the Sophos Central platform.

    Transaction Details
    Under the terms of the agreement, Sophos acquired Secureworks in an all-cash transaction valued at approximately $859 million. Secureworks shareholders, including Dell Technologies (NYSE:DELL), will receive $8.50 per share in cash. This represents a 28% premium to the unaffected 90-day volume-weighted average price (VWAP).

    Kirkland & Ellis LLP acted as legal counsel to Sophos, Goldman Sachs & Co. LLC., Barclays, BofA Securities, HSBC Securities (USA) Inc., and UBS Investment Bank acted as financial advisors and provided debt financing for the transaction. Piper Sandler & Company and Morgan Stanley & Co. LLC acted as financial advisors to Secureworks, and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel.

    About Sophos
    Sophos is a global leader and innovator of advanced security solutions for defeating cyberattacks. The company acquired Secureworks in February 2025, bringing together two pioneers that have redefined the cybersecurity industry with their innovative, native AI-optimized services, technologies and products. Sophos is now the largest pure-play Managed Detection and Response (MDR) provider, supporting more than 28,000 organizations. In addition to MDR and other services, Sophos’ complete portfolio includes industry-leading endpoint, network, email, and cloud security that interoperate and adapt to defend through the Sophos Central platform. Secureworks provides the innovative, market-leading Taegis XDR/MDR, identity threat detection and response (ITDR), next-gen SIEM capabilities, managed risk, and a comprehensive set of advisory services. Sophos sells all these solutions through reseller partners, Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) worldwide, defending more than 600,000 organizations worldwide from phishing, ransomware, data theft, other every day and state-sponsored cybercrimes. The solutions are powered by historical and real-time threat intelligence from Sophos X-Ops and the newly added Counter Threat Unit (CTU). Sophos is headquartered in Oxford, U.K. More information is available at www.sophos.com. 

    Cautionary Statement Regarding Forward-Looking Statements
    This communication includes certain disclosures which contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to certain statements related to the merger of the wholly-owned subsidiary of Sophos, Inc., a Massachusetts corporation (“Parent”) with and into Secureworks Corp. (the “Company”), with the Company continuing as the surviving corporation and a wholly-owned subsidiary of Parent (the “Merger”). In most cases, you can identify these statements by forward-looking words such as “anticipate,” “believe,” “confidence,” “could,” “estimate,” “expect,” “guidance,” “intend,” “may,” “plan,” “potential,” “outlook,” “should,” and “would,” or similar words or expressions that refer to future events or outcomes. These forward-looking statements, including certain statements regarding the Merger and its effects, are based largely on information currently available to our management and our management’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from historical results or those expressed or implied by such forward-looking statements. Although we believe our expectations are based on reasonable estimates and assumptions, they are not guarantees of performance. There is no assurance that our expectations will occur or that our estimates or assumptions will be correct, and we caution investors and all others not to place undue reliance on such forward-looking statements. Important factors, risks and uncertainties that could cause actual results to differ materially from such plans, estimates or expectations include but are not limited to: (i) potential adverse reactions or changes to business relationships resulting from the completion of the Merger; (ii) legislative, regulatory and economic developments; (iii) unpredictability and severity of catastrophic events, including but not limited to acts of terrorism, outbreaks of war or hostilities or the COVID-19 pandemic and other public health issues, as well as management’s response to any of the aforementioned factors; (iv) the impact of inflation, rising interest rates, and global conflicts, including disruptions in European economies as a result of the Ukrainian/Russian conflict and the ongoing conflicts in the Middle East, the relationship between China and Taiwan and ongoing trade disputes between the United States and China; (v) there may be liabilities that are not known, probable or estimable at this time or unexpected costs, charges or expenses; (vi) those risks and uncertainties set forth under the headings “Cautionary Note Regarding Forward Looking Statements” and “Risk Factors” in the Company’s most recent Annual Report on Form 10-K, as such risk factors may be amended, supplemented or superseded from time to time by other reports filed by the Company with the Securities and Exchange Commission (the “SEC”) from time to time, which are available via the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other forward-looking statements. The forward-looking statements relate only to events as of the date on which the statements are made. Neither Parent nor the Company undertakes to update, and expressly disclaim any obligation to update, any forward-looking statements, whether resulting from circumstances or events that arise after the date the statements are made, new information, or otherwise. If one or more of these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may vary materially from what we may have expressed or implied by these forward-looking statements. Furthermore, new risks and uncertainties arise from time to time, and it is impossible for us to predict those events or how they may affect Parent or the Company.

    Media Contacts
    Kelly Kane, Director of Public Relations, Americas: Kelly.Kane@sophos.com 
    Samantha Powers, VP of Public Relations: Sophos@walkersands.com 

    The MIL Network –

  • MIL-OSI: MARA Announces Bitcoin Production and Mining Operation Updates for January 2025

    Source: GlobeNewswire (MIL-OSI)

    218 Blocks Won in January, 12% Decrease M/M
    Increased BTC Holdings to 45,659 BTC

    Fort Lauderdale, FL, Feb. 03, 2025 (GLOBE NEWSWIRE) — MARA (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, today published unaudited bitcoin (“BTC”) production and mining operation updates for January 2025.

    Management Commentary

    “In January, our production saw a 12% month-over-month decline in blocks won, largely due to fluctuations in network difficulty and intermittent curtailment,” said Fred Thiel, MARA’s chairman and CEO. “After a very busy end of 2024 during which we relocated and brought online over 100,000 miners, our energized hashrate remained consistent with December, as no new miners were brought online during the month.

    “We remain focused on optimizing our fleet and implementing strategic enhancements to drive long-term efficiency and performance. At Wolf Hollow, Texas, we successfully completed the conversion of over 230 containers to immersion cooling, achieving high uptime with our S21 Pro immersion miners. These fleet upgrades not only enhance efficiency but also increase hashrate without additional power consumption. Meanwhile, at our Kearney, Nebraska site, we are nearing full conversion to S21 Pros, which we expect to improve fleet efficiency significantly.

    “Looking ahead, we are committed to expanding our mining capacity in 2025 and further strengthening our position as a leader in the BTC mining industry. Our strategy will prioritize near net zero cost energy solutions, and we look forward to sharing more on our earnings call at the end of the month.”

    Operational Highlights and Updates

    Figure 1: Operational Highlights

        Prior Month Comparison
    Metric   1/31/2025   12/31/2024   % Δ
    Number of Blocks Won 1   218     249             (12)%
    BTC Produced 2   750     865             (13)%
    Average BTC Produced per Day   24.2     27.9             (13)%
    Share of available miner rewards 3           5.1 %           5.9 %   NM
    Transaction Fees as % of Total 1           1.6 %           2.7 %   NM
    Energized Hash Rate (EH/s) 1   53.2     53.2             —         %
    1. These metrics are MARAPool only and do not include blocks won from joint ventures.
    2. Includes our share of production from joint venture partnerships.
    3. Defined as the total amount of block rewards including transaction fees that MARA earned during the period divided by the total amount of block rewards and transaction fees awarded by the Bitcoin network during the period.

    NM – Not Meaningful

    Investor Notice

    Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under the heading “Risk Factors” in our most recent annual report on Form 10-K and any other periodic reports that we may file with the U.S. Securities and Exchange Commission (the “SEC”). If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See “Forward-Looking Statements” below.

    The operational highlights and updates presented in this press release pertain solely to our BTC mining operations. Detailed information regarding our other operations can be found in our periodic reports filed with the SEC.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The words “may,” “will,” “could,” “anticipate,” “expect,” “intend,” “believe,” “continue,” “target” and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among other things, statements related to our strategy, expected improvements in miner fleet efficiency and expansion of mining capacity in 2025. Such forward-looking statements are based on management’s current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. We do not undertake to update our forward-looking statements except to the extent required by applicable law. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. Our actual results and outcomes could differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to, the factors set forth under the heading “Risk Factors” in our most recent annual report on Form 10-K, and any other periodic reports that we may file with the SEC.

    About MARA

    MARA (NASDAQ:MARA) is a global leader in digital asset compute that develops and deploys innovative technologies to build a more sustainable and inclusive future. MARA secures the world’s preeminent blockchain ledger and supports the energy transformation by converting clean, stranded, or otherwise underutilized energy into economic value.

    For more information, visit www.mara.com, or follow us on:

    Twitter: @MARAHoldings
    LinkedIn: www.linkedin.com/company/maraholdings
    Facebook: www.facebook.com/MARAHoldings
    Instagram: @maraholdingsinc

    MARA Company Contact:
    Telephone: 800-804-1690
    Email: ir@mara.com

    MARA Media Contact:

    Email: marathon@wachsman.com

    The MIL Network –

  • MIL-OSI Australia: Excise duty rates for alcohol

    Source: Australian Department of Revenue

    How to use these tables

    Save this page to your favourites to make sure you use the correct rate for each product in every excise return you lodge.

    The tables on this page are a simplified version of the Schedule to the Excise Tariff Act 1921. For terms, refer to Alcohol excise and key terms.

    We express excise duty rates per litre of alcohol (LAL) for alcoholic products.

    When rates change

    The law indexes the excise duty rates for alcohol twice a year, based on the upward movement of the consumer price index (CPI). The Australian Bureau of Statistics (ABS) is responsible for determining and publishing the CPI on or before the last Wednesday of the month following the relevant quarter. The current schedule of release dates can be found on the ABS websiteExternal Link.

    Usually, indexation occurs on 1 February and 1 August. However, when the ABS doesn’t publish the CPI figure at least 5 days before indexation day, under the law, indexation day is effectively pushed back to the fifth day after publication.

    As the CPI for this quarter was published on 29 January 2025, indexation day is 3 February. Table 1 below reflects the release dates and the relevant indexation days.

    Table 1: CPI publication dates for 2025

    Date of CPI publication

    Date of CPI publication + 5 days

    Indexation day

    29 Jan 2025

    3 Feb 2025

    3 Feb 2025

    30 July 2025

    4 Aug 2025

    4 Aug 2025

    The CPI indexation factor for rates from 3 February 2025 is 1.004. Find out how rates are determined.

    The excise duty rates may also change due to other law changes. The items in the following tables don’t apply to beverages you make for personal use, using non-commercial facilities and equipment, except for distilled spirits and beverages containing distilled spirits.

    Wine is not an excisable beverage – it is subject to wine equalisation tax (WET).

    Use the right rate

    There are different excise duty rates for your alcoholic products depending on the alcohol content.

    For beer, it also depends on the size and design of the container you package it in and if you produce it in commercial premises or a brew on premises shop.

    Remember to apply the right rate to product that is delivered before and from the effective date (that is, the date the excise duty rate changes) when you lodge your return.

    See how to calculate excise duty on excisable alcohol.

    Alcohol rates for beer

    Excise duty on beer is payable on the alcohol content above 1.15% by volume in your finished product.

    Table 2: Alcohol rates – beer

    Tariff subitem

    Unit: $ per litre of alcohol

    Description

    From 5 Aug 2024 to 2 Feb 2025

    From 3 Feb 2025 to 3 Aug 2025

    1.1

    Alcohol volume not exceeding 3%, individual container:

    • less than 8 litres
    • 8–48 litres (inclusive), and not designed to connect to a pressurised gas delivery system or pump delivery system.

    52.66

    52.87

    1.2

    Alcohol volume not exceeding 3%, individual container over 48 litres.

    10.53

    10.57

    1.2

    Alcohol volume not exceeding 3%, individual container of 8–48 litres (inclusive) and designed to connect to a pressurised gas delivery system or pump delivery system.

    10.53

    10.57

    1.5

    Alcohol volume exceeding 3% but not exceeding 3.5%, individual container:

    • less than 8 litres
    • 8–48 litres (inclusive) and not designed to connect to a pressurised gas delivery system or pump delivery system.

    61.32

    61.57

    1.6

    Alcohol volume exceeding 3% but not exceeding 3.5%, individual container over 48 litres.

    32.98

    33.11

    1.6

    Alcohol volume exceeding 3% but not exceeding 3.5%, individual container of 8–48 litres (inclusive) and designed to connect to a pressurised gas delivery system or pump delivery system.

    32.98

    33.11

    1.10

    Alcohol volume exceeding 3.5%, individual container:

    • less than 8 litres
    • 8–48 litres (inclusive) and not designed to connect to a pressurised gas delivery system or pump delivery system.

    61.32

    61.57

    1.11

    Alcohol volume exceeding 3.5%, individual container over 48 litres.

    43.22

    43.39

    1.11

    Alcohol volume exceeding 3.5%, individual container of 8–48 litres (inclusive) and designed to connect to a pressurised gas delivery system or pump delivery system.

    43.22

    43.39

    1.15

    Produced for non-commercial purposes using commercial facilities or equipment, alcohol volume not exceeding 3%.

    3.70

    3.71

    1.16

    Produced for non-commercial purposes using commercial facilities or equipment, alcohol volume over 3%.

    4.26

    4.28

    Alcohol rates for spirits and other excisable beverages

    Table 3: Alcohol rates – Other excisable beverages not exceeding 10% by volume of alcohol

    Tariff item

    Unit: $ per litre of alcohol

    Description

    From 5 Aug 2024 to 2 Feb 2025

    From 3 Feb 2025 to 3 Aug 2025

    2

    Other excisable beverages not exceeding 10% by volume of alcohol.

    103.89

    104.31
    Table 4: Alcohol rates – Spirits and other excisable beverages exceeding 10% by volume of alcohol

    Tariff subitem

    Unit: $ per litre of alcohol

    Description

    From 5 Aug 2024 to 2 Feb 2025

    From 3 Feb 2025 to 3 Aug 2025

    3.1

    Brandy (a spirit distilled from grape wine in such a manner that the spirit possesses the taste, aroma and other characteristics generally attributed to brandy).

    97.02

    97.41

    3.2

    Other excisable beverages exceeding 10% by volume of alcohol.

    103.89

    104.31

    3.5

    Spirit that you have approval from us to use for fortifying Australian wine or grape must under section 77FD of the Excise Act 1901.

    Free

    Free

    3.6

    Spirit purchased in quantities by particular groups or professions we specified (such as pharmacists and universities) for an industrial, manufacturing, scientific, medical, veterinary or educational purpose under section 77FE of the Excise Act 1901.

    Free

    Free

    3.7

    Spirit that you have approval from us to use for an industrial, manufacturing, scientific, medical, veterinary or educational purpose under section 77FF of the Excise Act 1901.

    Free

    Free

    3.8

    Spirit denatured according to the formula we determined (except spirit used as fuel in an internal combustion engine).

    Free

    Free

    3.10

    Spirit not elsewhere included.

    103.89

    104.31

    How rates are determined

    We determine the new rates by applying the indexation factor to the most recently published rates.

    The indexation factor is calculated by dividing the most recent June or December quarter CPI number (determined and published by the ABSExternal Link) by the previous highest June or December quarter CPI number occurring after the June 1983 quarter.

    For example, the indexation factor for February 2025 was determined by dividing the December quarter 2024 (most recent to February 2025; 139.4) by the June quarter 2024 (June or December quarter with the highest value prior to December 2024; 138.8) to get 1.004.

    Table 5: Calculating indexation factor for February 2025

    Most recent CPI number

    Highest previous June or Dec quarter

    Indexation factor

    December 2024 quarter

    June 2024 quarter

    February 2025

    139.4

    138.8

    1.004

    This indexation factor is applied to the current duty rate to determine the new duty rate.

    For example, the duty rate for tariff item 2 ‘other excisable beverages not exceeding 10% by volume of alcohol’ was $103.89 for the period 5 August 2024 to 2 February 2025. This rate of $103.89 is multiplied by the indexation factor of 1.004 to determine the rate of $104.31 applicable from 3 February 2025.

    Table 6: Calculating the new duty rate for February 2025 for tariff item 2

    5 Aug 2024 to 2 Feb 2025

    Indexation factor

    Duty rate from 3 Feb 2025

    $103.89

    1.004

    $104.31

    Historical excise duty rates

    The Australian Government data.gov.au website lists Historical excise duty ratesExternal Link.

    MIL OSI News –

  • MIL-OSI: Gevo Completes Acquisition of Red Trail Energy Assets in North Dakota, Expanding a Burgeoning Portfolio of Energy Assets

    Source: GlobeNewswire (MIL-OSI)

    ENGLEWOOD, Colo., Feb. 03, 2025 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO), a leading developer of hydrocarbon fuels and chemicals with net-zero greenhouse gas emissions, is pleased to announce that it has acquired the ethanol production plant and carbon capture and sequestration (“CCS”) assets of Red Trail Energy, LLC (“Red Trail Energy”) for an aggregate purchase price of $210 million, subject to customary adjustments, including a working capital adjustment. The acquired assets include the plant, pore space, and we are bringing on their experienced operational personnel. In addition to creating another strategic option for economic and competitively advantaged sustainable aviation fuel (“SAF”) facilities, this acquisition is expected to contribute $30 million to $60 million of Adjusted EBITDA(1) to Gevo annually. The acquired assets are being renamed “Net-Zero North.”

    “This transformational acquisition marks the start of Net-Zero North,” said Gevo Chief Executive Officer, Patrick Gruber. “Looking forward, this is a great site to expand the plant to produce SAF, along with other additional co-located projects. We like the potential annual Adjusted EBITDA of $30 million to $60 million, synergies with the existing Gevo platform of assets, and having CCS assets in the Gevo portfolio as a risk mitigation tool for carbon sequestration for our Net-Zero 1 (“NZ1”) plant under development in South Dakota. The proven CCS site will allow us to permanently sequester biogenic carbon dioxide to produce US products with the highest quantity and quality of carbon abatement to address a growing global market demand. Net-Zero North is a key step on our path to becoming self-sustaining and profitable as a company in advance of our NZ1 project coming online.”

    The transaction was funded with a combination of Gevo equity capital and a $105 million senior secured term loan facility from Orion Infrastructure Capital (“OIC”), a U.S.-based private investment firm. OIC has also indicated interest in providing up to an additional $100 million in debt for future growth projects at Net-Zero North that are mutually agreed upon. In addition, OIC is investing $5 million in equity at Net-Zero North, which is in addition to the equity contributed by Gevo. The investment comes from OIC’s Infrastructure Credit Strategy, which provides non-dilutive and flexible capital to middle market infrastructure businesses in North America. The strategy seeks to capitalize on the growing need for investment and innovation in sustainable Infrastructure in North America.

    “We are thrilled to partner with the Gevo team on this acquisition,” said Ethan Shoemaker, Investment Partner and Head of Infrastructure Credit at OIC. “The Net-Zero North assets bring together operating carbon sequestration, a strong track record of profitability, near-term upside from their industry-leading carbon intensity score, a strong operating team, and room to grow. We are also excited about the potential synergies and incremental value that the Gevo team and platform of assets brings to the Net-Zero North business.”

    “North Dakota is a state that understands both energy and agriculture, and that they are synergistic,” Gruber said. “We expect to continue to partner with the community to grow the business as they’re a resource that understands how oil and gas, pipelines, carbon capture, and regenerative agriculture all fit together. Net-Zero North provides the fundamental pieces of the puzzle towards cost-effective energy production, such as SAF, while addressing the market demand for cost effective, lower-carbon-footprint products.”

    “We’re taking on a first-class operation from the previous owners, with an exemplary safety record and excellent people to back it up,” said Chris Ryan, President and Chief Operating Officer of Gevo. “The operations team have done a great job, and we’re excited they’re continuing on with us. We are already in engineering development for a Net-Zero alcohol-to-jet (“ATJ”) SAF plant to be built at the site.”

    “Net-Zero North is one of a select few ethanol plants in the U.S., of which we are aware, that are expected to maximize value from carbon abatement, including under Section 45Z,” explained Ryan. “Net-Zero North, with its efficient operating profile and CCS, is projected to achieve a carbon intensity (“CI”) score in the low 20s (not including improved agricultural results that farmers can achieve using regenerative agriculture practices) using the variation of the GREET model proposed in the Section 45Z rule. We believe that is about 30 CI points lower than the best plants that are not connected to CCS. British Columbia previously scored the Net-Zero North plant at a CI of 19. This is a great starting point to expand Gevo’s business.”

    Advisors
    Ocean Park Securities, LLC acted as exclusive financial advisor and sole lead arranger on the debt financing for Gevo.

    Acquisition Conference Call
    A conference call will be held on Monday, February 3, 2025, at 10:00am ET to discuss the acquisition.

    To participate in the live call, please register through the following event weblink: https://register.vevent.com/register/BI174d9b6ef4074fed9db695b122abda12

    After registering, participants will be provided with a dial-in number and pin. To listen to the conference call (audio only), please register through the following event weblink: https://edge.media-server.com/mmc/p/7e4padot

    A webcast replay will be available after the conference call ends on February 3, 2025. The archived webcast will be available in the Investor Relations section of Gevo’s website at www.gevo.com..

    Further information regarding the acquisition and accompanying debt financing is included in the Current Report on Form 8-K, which Gevo will file with the U.S. Securities and Exchange Commission (the “SEC”).

    About Gevo
    Gevo is a next-generation diversified energy company committed to fueling America’s future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo’s innovative technology can be used to make a variety of renewable products, including SAF, motor fuels, chemicals, and other materials that provide U.S.-made solutions. By investing in the backbone of rural America, Gevo’s business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States, turning by-products into clean, reliable energy. We also operate an ethanol plant with an adjacent CCS facility, further solidifying America’s leadership in energy innovation. Additionally, Gevo owns the world’s first production facility for specialty ATJ fuels and chemicals. Gevo’s market driven “pay for performance” approach regarding carbon and other sustainability attributes, helps ensure value is delivered to our local economy. Through its Verity subsidiary, Gevo provides transparency, accountability and efficiency in tracking, measuring and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market.

    For more information, see www.gevo.com.

    About OIC
    With approximately $5 billion in assets under management, OIC invests in North America and select international markets. OIC’s unique partnership approach – for entrepreneurs, by entrepreneurs – cultivates creative credit, equity, and growth capital solutions to help middle market businesses scale and deploy sustainable infrastructure. OIC’s target investment sectors include energy efficiency, digital infrastructure, sustainable power generation, renewable fuels, waste & recycling, and transportation, storage & logistics. OIC was founded in 2015 by a team of energy and sustainability veterans, successful infrastructure investors, and former asset owners and industry operators. Across OIC’s platform is a team of approximately 45 professionals based in New York, Houston, and London.

    Forward Looking Statements
    This release contains “forward-looking statements” within the meaning of the federal securities laws. All statements other than statements of historical fact are forward-looking statements, including statements related to the expected operation of Net-Zero North, the expected effect of the acquisition on Adjusted EBITDA, the expected annual Adjusted EBITDA from Net-Zero North, and our future prospects as a combined company, including our plans for the site and synergies with our other projects. These statements relate to analyses and other information, which are based on forecasts of future results or events and estimates of amounts not yet determinable. We claim the protection of The Private Securities Litigation Reform Act of 1995 for all forward-looking statements in this release.

    These forward-looking statements are identified by the use of terms and phrases such as “anticipate,” “assume,” “believe,” “estimate,” “expect,” “goal,” “intend,” “plan,” “potential,” “predict,” “project,” “target” and similar terms and phrases or future or conditional verbs such as “could,” “may,” “should,” “will,” and “would.” However, these words are not the exclusive means of identifying such statements. Although we believe that our plans, intentions and other expectations reflected in or suggested by such forward-looking statements are reasonable, we cannot assure you that we will achieve those plans, intentions or expectations. All forward-looking statements are subject to risks and uncertainties that may cause actual results or events to differ materially from those that we expected.

    Important factors that could cause actual results or events to differ materially from our expectations, or cautionary statements, include among others, the risk that anticipated benefits, including synergies, from the acquisition may not be fully realized or may take longer to realize than expected, including that the transaction may not be accretive within the expected timeframe or to the extent anticipated; failure to successfully integrate the acquired assets and employees; changes in legislation or government regulations affecting the future operations of the acquired assets; and other risk factors or uncertainties identified from time to time in Gevo’s filings with the SEC. All written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the cautionary statements identified above and in the section entitled “Risk Factors” and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2023 as well as other cautionary statements that are made from time to time in our other SEC filings and public communications. You should evaluate all forward-looking statements made in this release in the context of these risks and uncertainties.

    We caution you that the important factors referenced above may not reflect all of the factors that could cause actual results or events to differ from our expectations. In addition, we cannot assure you that we will realize the results or developments we expect or anticipate or, even if substantially realized, that they will result in the consequences or affect us or our operations in the way we expect. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

    Media Contact
    Heather Manuel
    Vice President, Stakeholder Engagement & Partnerships
    PR@gevo.com

    IR Contact
    Eric Frey
    Vice President of Corporate Development
    IR@Gevo.com

    (1) Adjusted EBITDA is a non-GAAP measure calculated as earnings before interest, taxes, depreciation and amortization, inclusive of the value of monetizable tax credits such as Sections 45Q and 45Z and excluding project development costs.

    The MIL Network –

  • MIL-OSI: Apollo to Present at the Bank of America Securities 2025 Financial Services Conference

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Scott Kleinman, Co-President of Apollo Asset Management, will participate in a fireside chat at the Bank of America Securities Financial Services Conference on Tuesday, February 11, 2025 at 8:50 am ET.

    A live webcast of the event will be available on Apollo’s Investor Relations website at ir.apollo.com. For those unable to join live, a replay will be available shortly after the event.

    About Apollo

    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2024, Apollo had approximately $733 billion of assets under management. To learn more, please visit www.apollo.com.

    Contacts

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    (212) 822-0540
    IR@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    (212) 822-0491
    Communications@apollo.com

    The MIL Network –

  • MIL-OSI: Color Star VP Attended The 2025 Davos World Economic Forum

    Source: GlobeNewswire (MIL-OSI)

    New York , Feb. 03, 2025 (GLOBE NEWSWIRE) — During the 2025 Davos World Economic Forum (WEF), artificial intelligence (AI), financial investments, and social ventures have emerged as central topics of conversation among global business and technology leaders. Ren Pelosi, Vice President of Color Technology was invited to participate in a series of discussions at Davos. In a special interview on ESG TV, Ren shared her career transformation journey—from a Wall Street trader to a social impact investor and tech innovator—while delving into high tech and AI’s potential to drive economic growth and societal change. She also explored how investors can seize opportunities presented by technological advancements.

    In her interview on ESG TV, Ren discussed how her financial expertise has enabled her to integrate technological innovation and social impact into investment strategies, creating long-term value. She remarked, “I have always believed in the power of capital, but today’s investments are not just about financial returns; they’re about driving technological progress, sustainability, and social change. AI is reshaping industries, and we stand at the forefront of this revolution.” As a seasoned investor and entrepreneur, Ren has long focused on how technology can drive social change. With extensive experience in Wall Street financial trading and investing, she is also committed to combining social ventures and tech innovation. She has organized and led multiple social impact investing forums, helping emerging tech companies balance sustainability and commercial success. “Technology and capital are reshaping our society. Cutting-edge technologies like AI and blockchain are not only transforming businesses but also making social impact investing possible. Investors need a deeper foresight to capitalize on this wave of technological change.”

    As an investor with a deep financial market background, Ren pointed out that traditional investment logic is being upended, with more capital flowing toward ESG-friendly enterprises. The rise of AI and digital tools has provided new opportunities for impact investing. In the discussion, Ren highlighted her involvement with Color Technology,. Initially focused on traditional offline entertainment, Color successfully completed a transformation during the pandemic, expanding into online entertainment. Now, with the rapid rise of AI, Color Star aims to drive industry change through AI-powered entertainment innovations, creating more personalized and immersive experiences for audiences. In Ren’s view, Color Star represents a new business model—using AI technology to enhance content production efficiency, optimize user experiences, and create a more interactive and immersive entertainment ecosystem.

    “The entertainment industry is evolving at an unprecedented pace,” Ren stated in the interview. “AI is not just improving content production efficiency; more importantly, it’s redefining how audiences interact, enhancing personalized recommendations and immersive experiences. Companies like Color are at the forefront of this transformation, using AI to build the next-generation entertainment ecosystem.”

    Color’s current AI explorations include:

    • Smart Content Creation: AI enables the production of creative content such as music, scripts, and videos, increasing efficiency for creators.
    • Personalized Recommendation Algorithms: AI analyzes user preferences to deliver precise content suggestions.
    • Immersive Entertainment Experiences: Integrating VR/AR and AI to create more interactive future entertainment models.

    Ren is also actively involved in the Social Ventures sector and promotes global impact investing. She emphasized that AI is not only empowering companies like Color but also upgrading the entire investment ecosystem. In several discussions during Davos, Ren repeatedly stressed the need for investors to focus on the long-term societal and corporate impacts of technology, rather than just short-term returns. The companies that balance innovation, profitability, and social responsibility will be the true winners. She has long advocated for capital to support sustainable development, technological innovation, and socially responsible enterprises, and has organized industry forums to help high-potential companies secure investments and resources. “The future market will be dominated by businesses that create both commercial value and social impact. Whether it’s AI in entertainment or blockchain in financial services, we must view the impact of technology from a long-term perspective.”

    As the 2025 Davos Forum draws to a close, Ren’s core message is becoming ever clearer: The future belongs to those who dare to innovate and embrace AI, driving technological advancements and social impact investing. She calls on investors, entrepreneurs, and related players to embrace technological innovation, deeply explore the potential of AI, and ensure that technological progress aligns with ethics and sustainability.

    With her expertise in finance, investment, and technology, Ren is part of the global discussions on the AI revolution, digital innovation, and the future of the entertainment industry.

    Color Deepens AI Empowerment, Shaping the New Era of Entertainment

    As AI technology evolves, Color Star will continue to deepen its application of AI in content production, user experience optimization, and entertainment interaction, ensuring the company maintains its leadership in the global entertainment industry.

    “We are at a critical time in reshaping the entertainment industry,” Ren said. “Color Star will continue to invest in AI and technological innovation, exploring how to use artificial intelligence to create more personalized, immersive, and global entertainment experiences.”

    About Color Star Technology Co., Ltd.

    Color Star Technology Co., Ltd. (Nasdaq: ADD) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries, Color Metaverse Pte. Ltd. and CACM Group NY, Inc. More information about the Company can be found at www.colorstarinternational.com and www.colorstar.investorroom.com.

    Forward-Looking Statement

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; changes in technology; economic conditions; the growth of the educational and training services market internationally where ADD conducts its business; reputation and brand; the impact of competition and pricing; government regulations; as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by Color Star. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.

    For more information, please contact:
    Color Star Investor Relations
    Office Number No. 1003, 9th Floor,
    7 World Trade Center, Suite 4621        
    New York NY 10007
    Office: (212) 410-5186
    Email ir@colorstarinternational.com

    The MIL Network –

  • MIL-OSI: Lendmark Financial Services Expands Kentucky Presence with Henderson Branch, Marking its Third Branch Opening for 2025

    Source: GlobeNewswire (MIL-OSI)

    HENDERSON, Ky., Feb. 03, 2025 (GLOBE NEWSWIRE) — Lendmark Financial Services (Lendmark), a leading provider of household credit and consumer loan solutions, continues to expand its Kentucky footprint, opening a new branch in Henderson and its 23rd in the state.

    The branch is located at 1111 Barrett Blvd, Suite D and is expected to serve hundreds of customers in its first year. Kelly Franey, who serves as the branch manager, will be responsible for the administration of all daily operations. These include building personal relationships with customers and integrating into the community to ensure area residents receive a superior level of individualized loan services that meet their unique financial needs.

    “As we grow our footprint in Kentucky, we will continue to focus on delivering the tailored loan solutions our customers need to meet planned and unplanned life events,” said Michael R. McIntire, Vice President of Branch Operations at Lendmark. “Our Kentucky branch openings and overall branch growth demonstrate an ongoing need for diverse household financial options for consumers here and throughout the country.”

    In addition to serving consumers directly, Lendmark provides financing solutions for thousands of retailers and independent auto dealerships, allowing these businesses’ customers to obtain Lendmark financing. Local businesses that are interested in partnering with Lendmark to provide financing solutions for their customers should visit the branch or call 270-212-5700.

    Lendmark’s ‘Climb to Cure’ is its signature cause-related initiative. The company has committed to raising $10 million by 2025 to mark its 10-year anniversary partnering with CURE Childhood Cancer. So far, Lendmark’s employees, partners and customers have raised $8.83 million to support CURE, an Atlanta-based nonprofit dedicated to funding targeted pediatric cancer research that is utilized nationwide.

    Lendmark customers can participate by donating $1 when closing their loan. Lendmark matches the donation.

    About Lendmark Financial Services
    Lendmark Financial Services (Lendmark) provides personal and household credit and loan solutions to consumers. Founded in 1996, Lendmark strives to be the lender, employer, and partner of choice by protecting household wealth, offering stability and helping consumers meet both planned and unplanned life events through affordable loan offerings. Today, Lendmark operates more than 515 branches in 22 states across the country, providing personalized services to customers and retail business partners with every transaction. Lendmark is headquartered in Lawrenceville, Ga. For more information, visit www.lendmarkfinancial.com.

    Media Contact
    Jeff Hamilton
    Senior Manager, Corporate Communications
    jhamilton@lendmarkfinancial.com
    678-625-3128

    The MIL Network –

  • MIL-OSI: Pipe Invests in Developer Features to Simplify Integration for Embedded Capital

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Feb. 03, 2025 (GLOBE NEWSWIRE) — Pipe, a fintech company partnering with software platforms to deliver embedded financial solutions for SMBs, today announced it has significantly expanded the Pipe Partner Portal with new developer tools. These features make it even easier for developers to embed Pipe’s capital services within their payments and software platforms. Unlike other embedded solutions, Pipe’s investment in developer capabilities supports its “tech-first” approach to enable partners to accelerate the delivery of capital to its small business customers.

    Pipe Capital allows payment processors and vertical software companies to easily launch a capital product without the complexity, risk, and resources involved with building it in-house. Through Pipe’s infrastructure, SDKs and APIs, partners can embed Pipe’s proven capital offering into their own ecosystem seamlessly, improving merchant experience and monetizing payments in a mutually beneficial way. End merchants can then access capital easily, based on their secure transaction data from the partner platform, bypassing many of the hurdles of traditional financing.

    Pipe’s capital services can be integrated in multiple ways, including a Pipe-hosted option that can launch in as little as a week, an Embedded UI that can be live within one-to-two weeks, and a Full API integration that lets you take complete control of the user journey in as little as four weeks.

    Developer tools have been enhanced in the Pipe Partner Portal, a dashboard and resource center where partners can see merchant activity, track revenue share, and manage their side of the embedded relationship. The newly expanded portal experience helps developers seamlessly integrate Pipe’s products and easily troubleshoot any potential issues.

    “Integrating with Pipe’s Embedded UI was an incredibly smooth process. The Partner Portal’s self-serviceability and comprehensive documentation allowed us to move quickly, while Pipe’s responsive tech team was always there to offer valuable guidance when needed,” said Deepak Colluru, Director of Product Management, GoCardless. “It was clear that the Pipe team was invested in our success, going above and beyond to ensure we had everything we needed. The experience was great from start to finish.”

    Pipe places a high priority on not only giving qualified merchants fast, frictionless capital access, but also on making its embedded products simple and flexible for partners’ technical teams to integrate. Key benefits of the Pipe Partner Portal capabilities include:

    • Optimal visibility and transparency: Pipe’s API logs and object viewer enable rapid, self-served feedback and debugging.
    • Seamless integration: Pipe’s API references are automatically generated from its code, so the documentation is always up-to-date, ensuring a smooth integration for partners.
    • Real-time feedback: Webhooks deliver automated messages to partners and can now be easily managed and analyzed from the Partner Portal.
    • Security and access management: the Partner Portal now offers more granular user permissions and API key management, allowing you to always remain in control of your data and integration.
    • Ease of testing: Pipe offers a robust sandbox that allows developers to easily test the multiple use cases offered within its integrations, including simulation of production events like payments.

    “As a software company committed to using technology to improve financial access, we know how important it is to work closely with the developer community,” said Nate Wiger, CTO, Pipe. “Engineering teams are the ones implementing our solutions to put them into the hands of SMBs. By expanding our Partner Portal with a growing set of developer tools and resources, we aim to make it even easier for our partners’ technical teams to embed Pipe solutions, from the initial implementation stage all the way to ongoing post-launch support.”

    About Pipe
    Pipe makes customer-friendly capital and smart financial tools accessible to growing businesses inside the software they use every day. Our embedded solutions are built to scale and give business builders across industries the power to grow on their own terms. To learn more, visit www.pipe.com or follow us on X @pipe.

    Media Contact
    Merrill Freund
    merrill@freundpr.com

    The MIL Network –

  • MIL-OSI: LPL Financial Welcomes Charter Oak Wealth Partners

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Feb. 03, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that the advisors at Charter Oak Wealth Partners have joined LPL Financial’s broker-dealer, RIA and custodial platforms, aligned with existing firm Academy Financial. They reported serving approximately $600 million in advisory, brokerage and retirement plan assets* and join LPL from Osaic.

    Based in Hartford County, Conn., Charter Oak Wealth Partners was founded in 2016 by Gary Paul, CRPC®, although the practice’s roots date back more than 50 years. Paul is joined by fellow advisors Gary Salva, Bill Matzinger and Chris Scuderi, and they are supported by Client Relationship Manager Lori Tedone. Together, they provide comprehensive financial planning and investment services for individuals, families and businesses.

    “We are committed to maintaining the highest standards of integrity and professionalism in our relationship with our clients,” Paul said. “We endeavor to know and understand our clients’ financial situations and provide them with only quality information, services and products to help them pursue their goals.”

    The team at Charter Oak Wealth Partners turned to LPL after extensive market research to enhance service capabilities and propel the next phase of its development. Like Academy Financial, which joined LPL in August, the Charter Oak team has stood by its longtime mission of, “Serve first, last and always.”

    “We’re excited to tap into LPL’s vast resources and services to provide our clients with elevated experiences,” said Paul. “We chose LPL for its stability as a Fortune 500 company, along with its strategic support, innovative technology and shared focus on putting clients first. Add to that the additional resources and support from Academy, and we believe we are in a prime position to enhance our offering, grow the business and serve clients better than ever.”

    Academy Financial Partner Brent J. Kvech stated, “We’re excited for the opportunity to work with the Charter Oak team and grow our firm together. This is a team that shares our values of putting clients first and foremost, and we found that to be a perfect alignment. We believe this relationship will strengthen our firm and add value to clients.”

    Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome the Charter Oak team to the LPL community and congratulate Academy Financial on its continued growth. We are committed to delivering robust resources, business solutions and innovative capabilities that help our advisors differentiate their practice and succeed at every stage of their business’ lifecycle. We look forward to a long-lasting relationship with the entire team at Charter Oak Wealth Partners.”

    Related

    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 29,000 financial advisors and the wealth management practices of 1,200 financial institutions, servicing and custodying approximately $1.7 trillion in brokerage and advisory assets on behalf of 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker dealer, member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States. Charter Oak Wealth Partners, Academy Financial and LPL are separate entities.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2024.

    Media Contact: 
    Media.relations@LPLFinancial.com 
    (704) 996-1840

    Tracking #682659

    The MIL Network –

  • MIL-OSI: Rightworks names seasoned executive Jenny Buchholz as new Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    NASHUA, N.H., Feb. 03, 2025 (GLOBE NEWSWIRE) — Rightworks, the only intelligent cloud services provider purpose-built for accounting firms and professionals, today announced it has named Jenny Buchholz as its new Chief Financial Officer, effective February 3, 2025. Reporting to CEO Joel Hughes, Buchholz will lead the finance function as the company continues to expand into new markets and deliver its award-winning OneSpace platform at scale. In her role, Buchholz will support the company’s goals and strategic initiatives with her extensive financial experience in strategy, governance and risk management.

    “I’m excited to welcome Jenny Buchholz as the newest member of our executive team at Rightworks,” said Hughes. “Her progressive experience as a leader and track record for optimizing growth across a variety of industries will be invaluable as we continue to grow and serve the profession.”

    Buchholz joins Rightworks with more than two decades of experience in senior finance leadership roles. She recently held the position of CFO at Cisive, a global background screening firm, where she built out FP&A capabilities, implemented rigorous forecasting and KPI reporting and led integration efforts for acquired companies. Previously, Buchholz managed capital structure and cash flow, and enhanced functional areas of FP&A, accounting, pricing and planning as CFO at Captivate Communications, a digital advertising company. Additionally, she has held finance leadership roles at eBay/PayPal, Knotel and Discovery Communications. Buchholz earned a bachelor’s degree from the University of Illinois and an MBA from MIT’s Sloan School of Management.

    “This is an exciting time to join Rightworks and I am looking forward to working with a team that has decades of experience in advancing the accounting profession,” said Buchholz. “I’m thrilled to leverage my experience to support the company’s strategic vision and continue to drive financial excellence so we can deliver exceptional value to our customers and stakeholders.”

    Connect with Rightworks
    Visit our newsroom; read our blog; and follow us on LinkedIn, Facebook and Instagram.

    About Rightworks
    Rightworks enables accounting firms and businesses to significantly simplify operations and expand their value to clients via our award-winning intelligent cloud and learning resources. This is possible with Rightworks OneSpace, the only secure cloud environment purpose-built for the accounting and tax profession, and Rightworks Academy, the premier community for firm optimization, growth and professional development. The Academy offers access to thought leadership, events, peer communities and extensive learning resources. Founded in 2002, we’ve grown to serve over 10,000 accounting firms in the US—from single practitioners to Top 10 firms. For more information, please visit rightworks.com or follow us on LinkedIn, Facebook and Instagram.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e50626ac-7bac-4c03-a5ff-64cb16865ff4

    The MIL Network –

  • MIL-OSI Global: Trump’s Project 2025 agenda caps decades-long resistance to 20th century progressive reform

    Source: The Conversation – USA – By Colin Gordon, Professor of History, University of Iowa

    There has long been a tug-of-war over White House plans to make government more liberal or more conservative. Douglas Rissing/iStock / Getty Images Plus

    For much of the 20th century, efforts to remake government were driven by a progressive desire to make the government work for regular Americans, including the New Deal and the Great Society reforms.

    But they also met a conservative backlash seeking to rein back government as a source of security for working Americans and realign it with the interests of private business. That backlash is the central thread of the Heritage Foundation’s “Project 2025” blueprint for a second Trump Administration.

    Alternatively disavowed and embraced by President Donald Trump during his 2024 campaign, Project 2025 is a collection of conservative policy proposals – many written by veterans of his first administration. It echoes similar projects, both liberal and conservative, setting out a bold agenda for a new administration.

    But Project 2025 does so with particular detail and urgency, hoping to galvanize dramatic change before the midterm elections in 2026. As its foreword warns: “Conservatives have just two years and one shot to get this right.”

    The standard for a transformational “100 days” – a much-used reference point for evaluating an administration – belongs to the first administration of Franklin D. Roosevelt.

    President Franklin D. Roosevelt signs the Social Security Bill in Washington on Aug. 14, 1935.
    AP Photo, file

    Social reforms and FDR

    In 1933, in the depths of the Great Depression, Roosevelt faced a nation in which business activity had stalled, nearly a third of the workforce was unemployed, and economic misery and unrest were widespread.

    But Roosevelt’s so-called “New Deal” unfolded less as a grand plan to combat the Depression than as a scramble of policy experimentation.

    Roosevelt did not campaign on what would become the New Deal’s singular achievements, which included expansive relief programs, subsidies for farmers, financial reforms, the Social Security system, the minimum wage and federal protection of workers’ rights.

    Those achievements came haltingly after two years of frustrated or ineffective policymaking. And those achievements rested less on Roosevelt’s political vision than on the political mobilization and demands made by American workers.

    A generation later, another wave of social reforms unfolded in similar fashion. This time it was not general economic misery that spurred actions, but the persistence of inequality – especially racial inequality – in an otherwise prosperous time.

    LBJ’s Great Society

    President Lyndon B. Johnson’s Great Society programs declared a war on poverty and, toward that end, introduced a raft of new federal initiatives in urban, education and civil rights.

    These included the provision of medical care for the poor and older people via Medicaid and Medicare, a dramatic expansion of federal aid for K-12 education, and landmark voting rights and civil rights legislation.

    As with the New Deal, the substance of these policies rested less with national policy designs than with the aspirations and mobilization of the era’s social movements.

    Resistance to policy change

    Since the 1930s, conservative policy agendas have largely taken the form of reactions to the New Deal and the Great Society.

    The central message has routinely been that “big government” has overstepped its bounds and trampled individual rights, and that the architects of those reforms are not just misguided but treasonous. Project 2025, in this respect, promises not just a political right turn but to “defeat the anti-American left.”

    After the 1946 midterm elections, congressional Republicans struck back at the New Deal. Drawing on business opposition to the New Deal, popular discontent with postwar inflation, and common cause with Southern Democrats, they stemmed efforts to expand the New Deal, gutting a full employment proposal and defeating national health insurance.

    They struck back at organized labor with the 1947 Taft-Hartley Act, which undercut federal law by allowing states to pass anti-union “right to work” laws. And they launched an infamous anti-communist purge of the civil service, which forced nearly 15,000 people out of government jobs.

    In 1971, the U.S. Chamber of Commerce commissioned Lewis Powell – who would be appointed by Republican President Richard Nixon to the Supreme Court the next year – to assess the political landscape. Powell’s memorandum characterized the political climate at the dawn of the 1970s – including both Great Society programs and the anti-war and Civil Rights movements of the 1960s – as nothing less than an “attack on the free enterprise system.”

    In a preview of current U.S. politics, Powell’s memorandum devoted special attention to a disquieting “chorus of criticism” coming from “the perfectly respectable elements of society: from the college campus, the pulpit, the media, the intellectual and literary journals, the arts and sciences, and from politicians.”

    Powell characterized the social policies of the New Deal and Great Society as “socialism or some sort of statism” and advocated the elevation of business interests and business priorities to the center of American political life.

    A copy of Project 2025 is held during the Democratic National Convention on Aug. 21, 2024, in Chicago.
    AP Photo/J. Scott Applewhite

    Building a conservative infrastructure

    Powell captured the conservative zeitgeist at the onset of what would become a long and decisive right turn in American politics. More importantly, it helped galvanize the creation of a conservative infrastructure – in the courts, in the policy world, in universities and in the media – to push back against that “chorus of criticism.”

    This political shift would yield an array of organizations and initiatives, including the political mobilization of business, best represented by the emergence of the Koch brothers and the powerful libertarian conservative political advocacy group they founded, known as Americans for Prosperity. It also yielded a new wave of conservative voices on radio and television and a raft of right-wing policy shops and think tanks – including the Heritage Foundation, creator of Project 2025.

    In national politics, the conservative resurgence achieved full expression in President Ronald Reagan’s 1980 campaign. The “Reagan Revolution” united economic and social conservatives around the central goal of dismantling what was left of the New Deal and Great Society.

    Powell’s triumph was evident across the policy landscape. Reagan gutted social programs, declared war on organized labor, pared back economic and social regulations – or declined to enforce them – and slashed taxes on business and the wealthy.

    Publicly, the Reagan administration argued that tax cuts would pay for themselves, with the lower rates offset by economic growth. Privately, it didn’t matter: Either growth would sustain revenues, or the resulting budgetary hole could be used to “starve the beast” and justify further program cuts.

    Reagan’s vision, and its shaky fiscal logic, were reasserted in the “Contract with America” proposed by congressional Republicans after their gains in the 1994 midterm elections.

    This declaration of principles proposed deep cuts to social programs alongside tax breaks for business. It was perhaps most notable for encouraging the Clinton administration to pass the Personal Responsibility and Work Opportunity Act of 1996, “ending welfare as we know it,” as Clinton promised.

    Aiming at the ‘deep state’

    Project 2025, the latest in this series of blueprints for dramatic change, draws most deeply on two of those plans.

    As in the congressional purges of 1940s, it takes aim not just at policy but at the civil servants – Trump’s “deep state” – who administer it.

    In the wake of World War II, the charge was that feckless bureaucrats served Soviet masters. Today, Project 2025 aims to “bring the Administrative State to heel, and in the process defang and defund the woke culture warriors who have infiltrated every last institution in America.”

    As in the 1971 Powell memorandum, Project 2025 promises to mobilize business power; to “champion the dynamic genius of free enterprise against the grim miseries of elite-directed socialism.”

    Whatever their source – party platforms, congressional bomb-throwers, think tanks, private interests – the success or failure of these blueprints rested not on their vision or popular appeal but on the political power that accompanied them. The New Deal and Great Society gained momentum and meaning from the social movements that shaped their agendas and held them to account.

    The lineage of conservative responses has been largely an assertion of business power. Whatever populist trappings the second Trump administration may possess, the bottom line of the conservative cultural and political agenda in 2025 is to dismantle what is left of the New Deal or the Great Society, and to defend unfettered “free enterprise” against critics and alternatives.

    Colin Gordon receives funding from the National Endowment for the Humanities, the Mellon Foundation, and the Russell Sage Foundation.

    – ref. Trump’s Project 2025 agenda caps decades-long resistance to 20th century progressive reform – https://theconversation.com/trumps-project-2025-agenda-caps-decades-long-resistance-to-20th-century-progressive-reform-247176

    MIL OSI – Global Reports –

  • MIL-OSI Russia: Denis Manturov: It is necessary to legally prohibit the acquisition of foreign equipment in the presence of Russian equipment

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    First Deputy Prime Minister of the Russian Federation Denis Manturov held a meeting on the development of the machine tool industry as part of a working trip to Krasnodar Krai and visited the production facilities of the Southern Heavy Machine Tool Plant (YuZTS).

    Over the past ten years, the Russian machine tool industry has demonstrated continuous growth. By the end of 2024, machine tool production increased by 40% in value terms, and tool production by more than 10%. The First Deputy Prime Minister noted the high workload of Russian manufacturers and the mass order generated by the defense industry. At the same time, according to him, the peak of the defense industry production capacity modernization program has already passed and the influence of this factor will gradually decrease.

    “The main support for the further development of the industry is the new national project, which is already being implemented. Its priorities are well known to you. Budget financing of 52 billion rubles is provided for this year. And now the key point is prompt contracting. I ask that no delays be allowed in this area. Let me remind you that the first results of the national project should be reported to the President in June,” Denis Manturov said.

    In his speech, the First Deputy Prime Minister noted that in order to achieve planned indicators, it is necessary to synchronize the efforts of science, the state, regions, development institutions and the production sector.

    “In particular, plants, using the national project measures, need to focus on maximizing the development of a new product line and technical re-equipment of their own facilities. Customers need to formulate technical specifications ahead of time, provide technical support for contracts, and give unconditional priority in purchases to Russian machines. Unfortunately, there are still many cases of purchasing imports when there are analogues on the market. Anton Andreevich, I believe that it is necessary to legally prohibit the purchase of foreign equipment when there is Russian equipment,” said Denis Manturov.

    In turn, it is important for regions where the main enterprises of the industry are concentrated to ensure control over the execution of work and consider the possibility of expanding support measures for machine tool builders. In terms of state support, the Ministry of Industry and Trade of Russia must monitor the balance of supply and demand for machine tools and, if necessary, expand protective mechanisms.

    “This is especially relevant for critical machine tool components. We must fully ensure technological sovereignty for them by 2030,” Denis Manturov emphasized.

    The head of the Russian Ministry of Industry and Trade Anton Alikhanov spoke about the measures of state support for machine tool manufacturing that are being developed.

    “Together with the Innovation Assistance Fund, we are currently preparing a third program with grants of up to 50 million rubles to facilitate the commercialization of R&D results. This year, together with the SME Corporation, we want to launch a mechanism for preferential lending to small and medium-sized machine tool manufacturers. In terms of non-financial support measures, the Federal Competence Center in Productivity will consult companies on improving production efficiency. Today, a list of 25 companies that will be the first to take part in this event has already been developed,” shared Anton Alikhanov.

    “Thanks to the support of the Russian Government, we have managed to make industry one of the key sectors of the economy of our traditionally agricultural and resort region. This year, we plan to increase the capitalization of the regional Industrial Development Fund to 10 billion rubles. We continue to develop a network of industrial parks. There are already 8 industrial parks and 2 industrial technology parks operating in the region,” said Veniamin Kondratyev, Governor of Krasnodar Krai.

    Together with the head of the Ministry of Industry and Trade of Russia and the governor of the region, the First Deputy Prime Minister got acquainted with the current activities of the Southern Heavy Engineering Plant, whose main production buildings are located on the territory of the former machine-tool plant named after G.M. Sedin. In 2024, a new branch of YUZTS was also put into operation on the territory of the industrial park “VB Kuban”. Modern machines and machining centers were purchased, which expanded the company’s technological capabilities, increased productivity and significantly improved the quality of finished products.

    The First Deputy Prime Minister was presented with the entire product line developed and manufactured by YUZTS in 2023. In particular, a horizontal milling and boring machining center and a five-axis milling machining center. All machines are equipped with a CNC system developed by the domestic company Mechatronika.

    Denis Manturov was also shown 3D metal printers developed by YUZTS. The equipment operates using selective laser melting technology. These systems are fully ready for serial production with minimal delivery times — up to 4 months. Multi-laser systems with large processing zones are also under development. These printers use stainless steel, aluminum, nickel, titanium and copper alloys in their work.

    Over the last year of operation, YUZTS has increased its production area from 16 to 90 thousand square meters. Production volumes are also growing: from 2021 to 2025, taking into account current plans, they have increased 14 times.

    The company’s immediate plans include launching a new modern foundry to provide its own production with parts that include operations requiring casting as part of the production technology. Another priority area is the launch of contract manufacturing, within the framework of which YUZTS will offer the market services for major repairs and reconstruction of heavy machine tools.

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

    MIL OSI Russia News –

  • MIL-OSI USA: SBA Offers Relief to Mississippi Businesses, Nonprofits and Residents Hit by December Storms

    Source: United States Small Business Administration

    WASHINGTON – The U.S. Small Business Administration (SBA) announced that low interest federal disaster loans are now available to Mississippi businesses, nonprofit organizations, and residents who sustained physical damages and economic losses from the severe storms and tornadoes that occurred Dec. 28 – 29, 2024. The SBA issued a disaster declaration in response to a request received from Gov. Tate Reeves on Jan. 24.  

    The disaster declaration covers the counties of Choctaw, Clarke, Clay, Greene, Jasper, Jones, Lowndes, Noxubee Oktibbeha, Perry, Wayne and Webster, as well as the counties of Choctaw and Washington in Alabama.

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

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

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

    “SBA disaster loans do more than repair damage, — they may also mitigate against future disasters,” said Randle Logan, acting associate administrator for the SBA’s Office of Disaster Recovery and Resilience. “Expanded funding is available to make pro-active property and building upgrades that protect homes and businesses from future storms.”

    The SBA also offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs, such as ongoing operating expenses for small businesses and private nonprofit (PNP) organizations.  EIDL assistance is available regardless of whether the organization suffered any physical property damage.    

    Interest rates are as low as 4% for businesses, 3.625% for nonprofits, and 2.563% for homeowners and renters, with terms up to 30 years. Interest does not begin to accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms, based on each applicant’s financial condition.

    Beginning Thursday, Jan. 30, SBA customer service representatives will be on hand at two Disaster Loan Outreach Centers (DLOC) to answer questions about SBA’s disaster loan program, explain the application process and help individuals complete their application.  

    At the DLOCs, individuals can connect directly with SBA specialists to apply for disaster loans and learn about the full range of programs available to rebuild and move forward in their recovery journey. Walk-ins are accepted, but you can schedule an in-person appointment in advance at appointment.sba.gov. The DLOCs hour of operations are listed below.

    Disaster Loan Outreach Center

    Oktibbeha County

    Oktibbeha County Community Safe Room

    985 Lynn Lane

    Starkville, MS 39759

    Opening: Thursday, Jan. 30, 2025, at 11 a.m.

    Hours: Monday – Friday, 9 a.m. to 6 p.m.

    Saturday, 10 a.m. to 2 p.m.

    Closed: Sunday

    Permanently Closes: Thursday, Feb. 13, 2025, at 4 p.m.  

    Disaster Loan Outreach Center

    Wayne County

    City 2 Voting Precinct

    500 Mississippi Drive

    Waynesboro, MS 39367

    Opening: Thursday, Jan. 30, 2025, at 11 a.m.

    Hours: Monday – Friday, 9 a.m. to 6 p.m.

    Saturday, 10 a.m. to 2 p.m.

    Closed: Sunday

    Permanently Closes: Thursday, Feb. 13, 2025, at 4 p.m.  

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

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

    The filing deadline to return applications for physical property damage is March 28, 2025. The deadline to return economic injury applications is Oct. 27, 2025.  

    ###

    About the U.S. Small Business Administration

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

    MIL OSI USA News –

  • MIL-OSI: Gouverneur Bancorp, Inc. Announces Leading Proxy Advisory Firms, ISS and Glass Lewis, Have Recommended That Stockholders Vote “FOR” the Gouverneur Bancorp, Inc. 2025 Equity Incentive Plan

    Source: GlobeNewswire (MIL-OSI)

    GOUVERNEUR, N.Y., Feb. 03, 2025 (GLOBE NEWSWIRE) — Gouverneur Bancorp, Inc. (OTCQB Marketplace: GOVB) (the “Company”), the holding company for Gouverneur Savings and Loan Association, announced today that the two leading proxy advisory firms, Institutional Shareholder Services, Inc. (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), have both recommended that Company stockholders vote “FOR” the Gouverneur Bancorp, Inc. 2025 Equity Incentive Plan at the Company’s annual meeting of stockholders to be held on February 10, 2025.

    “We are pleased that ISS and Glass Lewis have both recommended that our stockholders vote in favor of the equity incentive plan at our upcoming annual meeting,” said Robert W. Barlow, President and Chief Executive Officer. “Our Board of Directors believes that the approval of the plan will provide the Company with the ability to retain, reward, attract and incentivize employees and directors in order to promote growth, improve performance and further align their interests with those of the stockholders of the Company.”

    Annual Meeting of Stockholders

    The Company’s annual meeting of stockholders will be held at the Company’s office located at 20 John Street, Gouverneur, New York 13642 on Monday, February 10, 2025 at 10:00 a.m., local time.

    Stockholders are encouraged to read the Company’s definitive proxy statement filed with the U.S. Securities and Exchange Commission on January 2, 2025 for additional information.

    About Gouverneur Bancorp, Inc.

    Gouverneur Bancorp, Inc. is the holding company for Gouverneur Savings and Loan Association, which is a New York chartered savings and loan association founded in 1892 that offers deposit and loan services for businesses, families and individuals. At December 31, 2024, the Company had total assets of $196.8 million, total deposits of $159.7 million and total stockholders’ equity of $31.7 million.

    Forward-Looking Statements

    This press release may contain forward-looking statements, which can be identified by the use of words such as “believes,” “expects,” “anticipates,” “estimates” or similar expressions, including those with respect to the Company’s upcoming annual meeting of stockholders, the approval and implementation of the Gouverneur Bancorp, Inc. 2025 Equity Incentive Plan and the other benefits associated with the proposed equity incentive plan. Such forward-looking statements and all other statements that are not historic facts are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors. These factors include, among others, the following: the ability to successfully integrate acquired entities and realize expected cost savings associated with completed mergers and acquisitions; changes in interest rates; national and regional economic conditions; legislative and regulatory changes; monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board; the size, quality and composition of the loan or investment portfolios; demand for loan products; deposit flows and our ability to effectively manage liquidity; competition; demand for financial services in our market area; changes in real estate market values in our market area; changes in relevant accounting principles and guidelines; and our ability to attract and retain key employees. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.   Should one or more of these risks materialize, actual results may vary from those anticipated, estimated or projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as may be required by applicable law or regulation, the Company assumes no obligation to update any forward-looking statements.

       
    CONTACT: Robert W. Barlow
    President and Chief Executive Officer
    (315) 287-2600
       

    The MIL Network –

  • MIL-OSI: Latest CarGurus Brand Campaign Celebrates Life’s Big Deal Moments, Like Buying or Selling a Car

    Source: GlobeNewswire (MIL-OSI)

    The “Big Deal” campaign pays tribute to the momentous experience of car shopping, along with the trusted digital tools from CarGurus that help consumers find the best deal on their big deal

    BOSTON, Feb. 03, 2025 (GLOBE NEWSWIRE) — CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited site for shopping, buying, and selling new and used cars1, today announced the launch of its latest national brand campaign, “Big Deal”, recognizing the important role cars play in people’s lives and the significance of making the right decision during a purchase or sale. The new spots empathize with the big decisions drivers make along the buy/sell journey to reach their ideal outcome, underscoring CarGurus’ role in helping consumers find the best deal on their big deal.

    “CarGurus has joined drivers along this important journey for nearly two decades, developing the best tools and information to help consumers feel confident in their decisions as a growing share prefer to do more online before going to the dealership,” noted Dafna Sarnoff, CarGurus Chief Marketing Officer. “As a result, CarGurus has earned the trust of tens of millions of monthly users who turn to our site to make sure they find the best deal for their needs.”

    CarGurus is the No. 1 most visited car-shopping site1, connecting buyers to the best deals by providing complete vehicle history and unbiased deal ratings on the largest selection of new and used vehicles in the U.S.2 Added tools like price drop alerts and the ability to finance in advance enable confident decision-making in one of the biggest purchases of a person’s life. The platform also supports sellers with car pricing tools and the ability to instantly receive multiple offers to sell their car either completely online or through a local dealer in select markets, empowering them to choose the best deal.

    “Although CarGurus makes the process easy with all the tools and information you need to get the best deal, we don’t want to lessen the gravity of the purchase and its significant impact on people’s lives. Buying or selling a car is a huge decision, an emotional experience that we wanted to reflect in this campaign,” said Carter Collins, Partner and Managing Director of Bindery. “Beyond the excitement of working with the No. 1 most visited car shopping site1, partnering with the CarGurus team has been one of our most rewarding and close-knit experiences to date.”

    The “Big Deal” campaign will run across TV networks and connected TV providers. The spots will be supplemented with digital and social executions, including influencer programs throughout the year. View the full campaign video library here: https://cargur.us/19jlLY.

    Creative Credits:

    CarGurus

    • Dafna Sarnoff, Chief Marketing Officer
    • Evan Jones, Creative Director
    • Allison Conroy, Brand Marketing Director
    • Carli Riibner, Sr Brand Marketing Specialist
    • Maggie Meluzio, Director of Public Relations

    Creative and Production – Bindery

    • Carter Collins, Partner, Managing Director
    • Kim Devall, Executive Creative Director
    • Laura Hockstad, Producer
    • Chris Hilk, Editor

    Production – Ruffian

    • Bubble & Squeak, Director
    • Robert Herman, Founder, EP
    • Leslie Vaughn, Line Producer
    • Paul Meyers, Director of Photography
    • Craig Pinckes, 1st Assistant Director

    Production Services – Habitant

    • Arturo Arroyo, Managing Director
    • Montserrat Becerril, Chief of Staff
    • Elizabeth Tapia, Head of Production
    • Ivan Perez, Executive Producer
    • Andrea Fumero, Line Producer
    • Rodrigo Sánchez, Production Manager

    Color + VFX – Trafik

    • Daniel de Vue, Senior Colorist
    • Ali Soofi, Assistant Colorist
    • Geoff Linville, Color Producer
    • Greer Bratschie, Head of Production
    • Karena Ajamian, Executive Producer
Ciaran Birks, VFX Producer
    • Jaime Aguirre, Flame Lead
    • Ben Fall, Flame Assist

    Animation and Text Graphics – Buff Motion

    Sound – Antfood

    • Wilson Brown, Partner, Executive Creative Director
    • Sue Lee, Executive Producer
    • Joshua Heath, Creative Lead
    • Dalton Harts, Composer, Mix Engineer
    • Linton Smith, Mix Engineer
    • Trevor Haimes, Senior Producer
    • Charlie Blasberg, Music Supervisor
    • Katie Hansen, Production Coordinator

    About CarGurus, Inc.

    CarGurus (Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform. The CarGurus platform gives consumers the confidence to purchase and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, effectively market, instantly acquire, and quickly sell vehicles, all with a nationwide reach. The company uses proprietary technology, search algorithms and data analytics to bring trust, transparency, and competitive pricing to the automotive shopping experience. CarGurus is the most visited automotive shopping site in the U.S.1

    CarGurus also operates online marketplaces under the CarGurus brand in Canada and the United Kingdom. In the United States and the United Kingdom, CarGurus also operates the Autolist and PistonHeads online marketplaces, respectively, as independent brands.

    To learn more about CarGurus, visit www.cargurus.com, and for more information about CarOffer, visit www.caroffer.com.

    CarGurus® is a registered trademark of CarGurus, Inc., and CarOffer® is a registered trademark of CarOffer, LLC. All other product names, trademarks and registered trademarks are the property of their respective owners.

    ¹ Similarweb: Traffic Report [Cars.com, Autotrader, TrueCar, CARFAX Listings (defined as CARFAX Total visits minus Vehicle History Reports traffic)], Q3 2024, U.S.
    ² Compared to Autotrader.com, Cars.com, TrueCar.com (YipitData as of September 30, 2024), and CarFax (Joreca as of September 30, 2024)

    Media Contact:
    Maggie Meluzio
    Director, Public Relations & External Communications
    pr@cargurus.com

    Investor Contact:
    Kirndeep Singh
    Vice President, Investor Relations
    investors@cargurus.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f1267674-ed08-44a3-a107-cde3ff19ccdb

    The MIL Network –

  • MIL-OSI: DSS, Inc. Issues Letter to Shareholders

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) — DSS, Inc. (NYSE American: DSS) a multinational company operating businesses within diversified market sectors that strategically acquires and develops assets to increase shareholder value, today issued the following letter to shareholders:

    Dear Esteemed Shareholders,

    I am pleased to provide you with significant updates regarding the leadership of DSS, Inc. and to outline the strategic direction we are pursuing as a Company.

    It is with great honor that I announce my appointment as Interim Chief Executive Officer of DSS, Inc., effective August 23, 2024. With over 25 years of experience in leadership roles across diverse sectors—ranging from Chief Operating Officer of DSS to President at Premier Packaging Corporation, CEO and Director of DSS Biohealth Holdings, and Chief Business Officer at Impact Biomedical, Inc.—I am eager to guide DSS through its next phase of growth, operational refinement, and market leadership.

    A Clear Vision for the Future

    As we embark on this new chapter, my immediate focus is to optimize operational efficiencies, realign resources, and position DSS, Inc. for sustainable long-term growth. To this end, we have already initiated a series of decisive actions, the results of which are reflected in our most recent earnings report. Below, I have highlighted our key accomplishments and prioritized initiatives moving forward:

    Q3 Financial Performance Highlights – Strengthening Our Business Model

    • Immediate executive action and swift decision making, allowed for DSS to report operating loss for the nine months ended September 30, 2024 had decreased by approximately $1.3 million (8%) compared to the same period in 2023, with a $0.4 million (8%) reduction for the three months ended September 30, 2024, relative to the same period in 2023.
    • The net loss for the nine months ended September 30, 2024, declined by $17.3 million (52%) year-over-year, with a reduction of $1.0 million (15%) for the three-month period.
    • Cash flow from operations showed marked improvement, increasing by $11.8 million (56%) for the nine months ended September 30, 2024. Our net cash position strengthened from $6.9 million to $11.6 million.
    • The successful spin-off of Impact BioMedical, Inc. in September has positioned both entities for future growth within their respective markets.

    Driving Revenue Growth and Operational Excellence

    • Expanding High-Impact Business Lines: We are focusing on the strategic expansion of promising business units, such as Premier Packaging, to fuel continued growth.
    • Exploring Untapped Markets: Our commitment to identifying and investing in high-growth markets will drive the creation of scalable and recurring revenue streams.
    • Enhancing Accountability: We will institute robust, metrics-driven accountability systems across business units to ensure consistent execution on high-priority opportunities.

    Eliminating Inefficiencies and Optimizing Cost Structure

    • Comprehensive Review and Streamlining: A thorough evaluation of all business units is underway to identify underperforming segments. We will restructure, streamline, or divest from non-core areas to reinforce our primary strengths.
    • Process and Technology Optimization: New operational tools and processes will be introduced to reduce inefficiencies, eliminate waste, and increase productivity in procurement, production, and logistics.
    • Targeted Cost Reduction: Our goal is to reduce costs by 15-20% in the upcoming fiscal year, significantly enhancing profitability and reinforcing our financial stability.

    Pioneering Innovation for Competitive Advantage

    • Advancing R&D Initiatives: We will leverage our research and development capabilities to drive cutting-edge solutions in emerging sectors, such as biomedical technologies and sustainable packaging.
    • Cultivating Strategic Partnerships: We are actively forging alliances with key industry players to accelerate the market introduction of innovative products and solutions.
    • Pilot Program Launches: We plan to deploy targeted pilot programs in select regions or sectors to validate new initiatives, enabling us to scale these innovations company-wide.

    Maximizing Shareholder Value with Discipline and Transparency

    • Disciplined Financial Stewardship: We remain unwavering in our focus on delivering consistent growth, profitability, and returns for our shareholders.
    • Commitment to Transparency: You can expect regular, transparent updates on our progress, milestones, and strategic objectives to ensure you remain well-informed at every stage.
    • Exploring Shareholder Rewards: We are actively exploring initiatives designed to directly reward our shareholders for their continued trust and support.

    Leadership Transition

    This moment marks a pivotal turning point for DSS, Inc. With a clear vision, a focused strategy, and an unwavering commitment to execution, we are poised to unlock new opportunities and create sustainable, long-term value for our shareholders.

    Thank you for your ongoing support and confidence in DSS, Inc. I look forward to keeping you informed on our progress in the months ahead. Should you require additional information, please do not hesitate to reach out to our Investor Relations team.

    Sincerely,

    Jason Grady
    Interim Chief Executive Officer
    DSS, Inc.

    Contact: DSS Inc. Investor Relations
    Email: IR@dssworld.com
    Phone: +1 (585) 565-2422

    The MIL Network –

  • MIL-OSI: Bel Fuse Schedules Fourth Quarter 2024 Financial Results Conference Call

    Source: GlobeNewswire (MIL-OSI)

    WEST ORANGE, N.J., Feb. 03, 2025 (GLOBE NEWSWIRE) — Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a designer, manufacturer, and provider of products that power, protect and connect electronic circuits, today announced plans to release preliminary financial results for the fourth quarter after market close on Tuesday, February 18, 2025. An earnings conference call has been scheduled as follows:

    When: Wednesday, February 19, 2025 at 8:30 a.m. ET
       
    Dial in: 877.407.0784, or international: 201.689.8560
       
    Online: https://ir.belfuse.com/events-and-presentations
       
    How: Live over the internet – Simply log on to the web at the address above
       
    Replay: 844.512.2921, or international: 412.317.6671
       
      Conference ID: 13750153
       

    A replay will be available after 12:30 p.m. ET for 30 days following the call.

    About Bel
    Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, military, aerospace, medical, transportation and broadcasting industries. Bel’s product groups include Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies), and Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components). The Company operates facilities around the world.

    Contacts:

    Bel Fuse Inc.

    Lynn Hutkin, VP Financial Reporting & Investor Relations
    ir@belf.com

    Three Part Advisors
    Jean Marie Young, Managing Director
    Steven Hooser, Partner
    jyoung@threepa.com
    shooser@threepa.com

    The MIL Network –

  • MIL-OSI: Banzai Completes Acquisition of Vidello, Growing TTM Revenue 59% and Adding $2M in EBITDA

    Source: GlobeNewswire (MIL-OSI)

    Expands Portfolio with Next-Generation Video Creation, Editing, and Marketing Suite

    SEATTLE, Feb. 03, 2025 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it has successfully closed its previously announced acquisition of Vidello, a technology provider of video hosting and marketing suite solutions for businesses.

    The acquisition is expected to increase Banzai’s revenue by $6.5 million and increase EBITDA by $2 million for the twelve-month period ended December 31, 2024, on a pro-forma basis. Vidello financials are preliminary and unaudited and subject to adjustment.

    Based in London, Vidello offers a comprehensive video hosting and marketing suite that provides entrepreneurs, startups, agencies, and online businesses with tools to grow their businesses.

    Vidello’s key offerings include:

    • CreateStudio: An award-winning video creation app that allows users to easily produce eye-catching 3D character video content for social media and websites.
    • PhotoVibrance: A tool that transforms static images into moving motion pictures to capture attention.
    • Twinkle: An all-in-one audio platform for creators and agencies, featuring premium royalty-free music tailored for video projects.
    • Vidello: A 3-in-1 video hosting, player, and collaboration tool that allows users to showcase videos with a customizable, lightning-fast player. Features include a collaboration portal and in-play marketing calls-to-action for lead generation and sales optimization.

    Vidello has over 90,000 customers, and their flagship CreateStudio product has been named a Top 3 Best Rated product in the video maker category by Capterra1, and a High Performer by G22.

    Banzai’s vision is to build a comprehensive suite of AI-powered marketing tools that make marketers’ lives faster and easier. The Vidello acquisition is pivotal in accelerating revenue growth by delivering innovative solutions to our customers.

    Transaction Details

    Under the terms of the agreement, Banzai will issue approximately $2.7M in cash ($2.5M is held back for varying time periods and for indemnification, transition and revenue earnout purposes) and 868,204 shares of Banzai Class A Common Stock. Additional details regarding the acquisition are included in the Company’s Form 8-K filed with the Securities and Exchange Commission on December 20, 2024, and January 31, 2025.

    About Vidello

    Vidello is a video hosting and marketing suite which provides online businesses with the essential marketing and hosting tools to assist in growing business through video. To learn more about the company visit www.vidello.com.

    About Banzai

    Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai customers include Cisco, New York Life, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among thousands of others. Learn more at www.banzai.io. For investors, please visit https://ir.banzai.io.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    BNZI@mzgroup.us
    www.mzgroup.us

    Media
    Rachel Meyrowitz
    Director, Demand Generation, Banzai
    media@banzai.io

    1 Source: https://www.capterra.com/p/203897/Create-Studio/
    2 Source: https://www.g2.com/products/create-studio/reviews

    The MIL Network –

  • MIL-OSI: Izotropic to Present at Investor Conference February 6th

    Source: GlobeNewswire (MIL-OSI)

    – CEO to present overview of Company value proposition, unique catalysts, and near-term objectives –

    – Event includes live Q and A, attendance is complimentary –

    – Individual and institutional investors, advisors, and analysts welcome –

    VANCOUVER, British Columbia and SACRAMENTO, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) — Izotropic Corporation (CSE: IZO) (OTCQB: IZOZF) (FSE: 1R3) (“Izotropic” or the “Company“), a medical device company commercializing imaging-based products utilizing innovative and emerging technologies for the more accurate screening, diagnoses, and treatment of breast cancers, is pleased to announce that CEO Robert Thast will be presenting at the Small Cap Growth Virtual Investor Conference this week and will be covering key aspects of the Company’s recent achievements, U.S. and EU regulatory approvals, near-term-objectives, and funding options.

    Date: February 6, 2025
    Time: 3:00 – 3:30 pm EST / 12:00 – 12:30 pm PST
    1 x 1 Meetings: See availability here: https://calendly.com/izotropic/meeting-with-ceo

    This will be the first public presentation by Izotropic since unveiling its new regulatory strategy for U.S. FDA approval and timelines to market launch of its first medical imaging device, IzoView- a dedicated breast CT imaging system, with contrast-enhancement for breast cancer screening adjunctive to digital breast tomosynthesis, commonly referred to as 3D mammography, for patients with dense breast tissue.

    After the formal presentation, attendees will have the opportunity and are encouraged to ask relevant questions through an interactive portal. For anyone registered who cannot attend the live event, an archived webcast will be made available.

    Please pre-register at the following link:
    https://bit.ly/4hi9H8A

    About Izotropic:
    More information about Izotropic Corporation can be found on its website at izocorp.com and by reviewing its profile on SEDAR at sedarplus.ca.

    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.

    Forward-Looking Statements:
    This document may contain statements that are “Forward-Looking Statements,” which are based upon the current estimates, assumptions, projections, and expectations of the Company’s management, business, and its knowledge of the relevant market and economic environment in which it operates. The Company has tried, where possible, to identify such information and statements by using words such as “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “contemplate” and other similar expressions and derivations thereof in connection with any discussion of future events, trends or prospects or future operating or financial performance, although not all forward-looking statements contain these identifying words.

    These statements are not guarantees of performance and involve risks, including those related to capital requirements and uncertainties that are difficult to control or predict, and as such, they may cause future results of the Company’s activity to differ significantly from the content and implications of such statements. Forward-Looking Statements are pertinent only as of the date on which they are made, and the Company undertakes no obligation to update or revise any Forward-Looking Statements to reflect new information or the occurrence of future events or circumstances unless otherwise required to do so by law. Neither the Company nor its shareholders, officers, and consultants shall be liable for any action and the results of any action taken by any person based on the information contained herein, including, without limitation, the purchase or sale of Company securities. Nothing in this document should be deemed to be medical or other advice of any kind. All images are for illustrative purposes only. IzoView has not yet been approved or cleared for sale.

    Contacts:

    Izotropic Corporation
    Robert Thast
    Interim Chief Executive Officer
    Telephone: 1-604-220-5031 or 1-800-IZOCORP ext. 3
    Email: bthast@izocorp.com

    General Inquiries
    Telephone: 1-604-825-4778 or 1-800-IZOCORP ext. 1
    Email: info@izocorp.com

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

    The MIL Network –

  • MIL-OSI: Verde Resources to Present at the Small Cap Growth Virtual Investor Conference February 6th

    Source: GlobeNewswire (MIL-OSI)

    ST. LOUIS, Feb. 03, 2025 (GLOBE NEWSWIRE) — Verde Resources Inc. (OTCQB: VRDR), a leader in sustainable, next-generation infrastructure materials, today announced that Jack Wong, CEO and Eric Bava, COO, will present live at the Small Cap Growth Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 6th, 2025

    DATE: February 6th
    TIME: 2:30 – 3:00 pm ET
    LINK: https://bit.ly/40GBUPa
    Available for 1×1 meetings: February 6th

    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.

    “We are excited to bring our story to an audience of engaged, self-directed investors and discuss the progress Verde has made in 2024 and the exciting year ahead of us,” said Jack Wong, Verde’s CEO.

    “Over the past year, we have forged strategic industry partnerships and integrated groundbreaking low-carbon building materials into the Verde portfolio. Our Blueprint lowers costs, enhances durability, and reduces emissions compared to conventional methods, all while enabling large-scale carbon sequestration and repurposing millions of tons of waste. This pragmatic approach drives economic value, modernizes infrastructure, and promotes environmental sustainability. At Verde, we believe that the road to Net Zero is paved with innovation, strategic partnerships and common-sense economics.”

    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 Verde Resources Inc.

    Verde Resources Inc. (OTCQB: VRDR) is leading the development of the world’s first Net Zero road construction blueprint, validated at the highest standards. Through the integration of innovative technologies and sustainable practices, Verde offers a scalable and licensable solution for the infrastructure industry across the U.S. and globally.

    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.

    Media and Investors

    Crocker Coulson, AUM Media
    Crocker.coulson@aummedia.org
    (646) 652-7185

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

    The MIL Network –

  • MIL-OSI: ACNB Corporation Announces Completion of Traditions Bancorp, Inc. Acquisition

    Source: GlobeNewswire (MIL-OSI)

    GETTYSBURG, Pa., Feb. 03, 2025 (GLOBE NEWSWIRE) — ACNB Corporation (NASDAQ: ACNB), the parent financial holding company of ACNB Bank, a Pennsylvania state-chartered, FDIC-insured community bank, headquartered in Gettysburg, PA, announced the completion of the acquisition of Traditions Bancorp, Inc. (“Traditions”) and its wholly-owned subsidiary, Traditions Bank, headquartered in York, PA, effective February 1, 2025. Traditions was merged with and into a wholly-owned subsidiary of ACNB Corporation immediately followed by the merger of Traditions Bank with and into ACNB Bank. ACNB Bank will operate the former Traditions Bank branches as “Traditions Bank, A Division of ACNB Bank”. In connection with the close of the acquisition, Traditions stockholders received 0.7300 shares of ACNB Corporation common stock for each share of Traditions common stock that they owned as of the closing date, with cash paid in lieu of fractional shares.

    In addition, at the close of the acquisition, three former Traditions directors, Eugene J. Draganosky, Elizabeth F. Carson, and John M. Polli, joined the Boards of Directors of ACNB Corporation and ACNB Bank. Mr. Draganosky has nearly 40 years of banking experience, and is the former CEO and Chair of the Board of Traditions and Traditions Bank, having held those roles since 2017 and 2023, respectively. Ms. Carson, Lead Independent Director of Traditions, joined the Traditions Bank Board in 2015, after over 30 years of banking experience in a variety of leadership roles with community and regional banks. Mr. Polli was a member of the Traditions Bank board of directors since its founding in 2002, and has nearly 40 years of diverse business expertise, from serving as a public accountant to owning, managing, and advising businesses in the transportation, real estate, and insurance industries.

    With the combination of the two organizations, and based on financial information for each organization as of December 31, 2024, ACNB Corporation will have approximately $3.26 billion in assets, $2.04 billion in deposits, and $2.36 billion in loans, and will serve its customers throughout 35 community banking offices in south central Pennsylvania and northern Maryland.

    “We are pleased to announce the completion of our strategic acquisition of Traditions Bancorp, and excited to unite our teams of dedicated local bankers who are committed to their customers and communities,” stated ACNB Corporation President & Chief Executive Officer James P. Helt. “This combination brings together organizations that are unified by a shared vision, values, and a customer-centric approach to banking, to create an even stronger community bank. Importantly, our customers will benefit from expanded products and services delivered by the familiar faces they have come to know and trust. This merger positions us well to continue to grow in the attractive York and Lancaster County markets, and enhances ACNB Bank’s mortgage operations, which will now serve customers throughout our footprint as ‘Traditions Mortgage, A Division of ACNB Bank.’ Together, we look forward to continuing to deliver on our vision of being the financial services provider of choice in the communities we serve.”

    Alan J. Stock, Chair of the Board of ACNB, stated “We welcome Mr. Draganosky, Ms. Carson, and Mr. Polli to the ACNB Boards of Directors, and are confident that their expertise, skills, and strong connections to the York and Lancaster market areas will enhance and complement ACNB’s current Boards of Directors. We are committed to enhancing value for our shareholders and are poised to deliver on that commitment with an experienced and knowledgeable board, a seasoned management group, and a team of bankers and professionals dedicated to a successful integration and customer experience.”

    Bybel Rutledge LLP served as legal counsel and Piper Sandler served as financial advisor to ACNB Corporation for the transaction. Pillar + Aught served as legal counsel and Stephens Inc. served as financial advisor to Traditions Bancorp, Inc.

    About ACNB Corporation
    ACNB Corporation, headquartered in Gettysburg, PA, is the $3.26 billion financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, and ACNB Insurance Services, Inc., Westminster, MD. Originally founded in 1857, ACNB Bank serves its marketplace with banking and wealth management services, including trust and retail brokerage, via a network of 35 community banking offices and two loan offices located in the Pennsylvania counties of Adams, Cumberland, Franklin, Lancaster and York and the Maryland counties of Baltimore, Carroll and Frederick. ACNB Insurance Services, Inc. is a full-service insurance agency with licenses in 46 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster and Jarrettsville, MD, and Gettysburg, PA. For more information regarding ACNB Corporation and its subsidiaries, please visit investor.acnb.com.

    FORWARD-LOOKING STATEMENTS – In addition to historical information, this press release may contain forward-looking statements. Examples of forward-looking statements include, but are not limited to, (a) projections or statements regarding future earnings, expenses, net interest income, other income, earnings or loss per share, asset mix and quality, growth prospects, capital structure, and other financial terms, (b) statements of plans and objectives of Management or the Board of Directors, and (c) statements of assumptions, such as economic conditions in the Corporation’s market areas. Such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects”, “may”, “intends”, “will”, “should”, “anticipates”, or the negative of any of the foregoing or other variations thereon or comparable terminology, or by discussion of strategy. Forward-looking statements are subject to certain risks and uncertainties such as national, regional and local economic conditions, competitive factors, and regulatory limitations. Actual results may differ materially from those projected in the forward-looking statements. Such risks, uncertainties, and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: short-term and long-term effects of inflation and rising costs on the Corporation, customers and economy; banking instability caused by bank failures and financial uncertainty of various banks which may adversely impact the Corporation and its securities and loan values, deposit stability, capital adequacy, financial condition, operations, liquidity, and results of operations; effects of governmental and fiscal policies, as well as legislative and regulatory changes; effects of new laws and regulations (including laws and regulations concerning taxes, banking, securities and insurance) and their application with which the Corporation and its subsidiaries must comply; impacts of the capital and liquidity requirements of the Basel III standards; effects of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Financial Accounting Standards Board and other accounting standard setters; ineffectiveness of the business strategy due to changes in current or future market conditions; future actions or inactions of the United States government, including the effects of short-term and long-term federal budget and tax negotiations and a failure to increase the government debt limit or a prolonged shutdown of the federal government; effects of economic conditions particularly with regard to the negative impact of any pandemic, epidemic or health-related crisis and the responses thereto on the operations of the Corporation and current customers, specifically the effect of the economy on loan customers’ ability to repay loans; effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; inflation, securities market and monetary fluctuations; risks of changes in interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities, and interest rate protection agreements, as well as interest rate risks; difficulties in acquisitions and integrating and operating acquired business operations, including information technology difficulties; challenges in establishing and maintaining operations in new markets; effects of technology changes; effects of general economic conditions and more specifically in the Corporation’s market areas; failure of assumptions underlying the establishment of reserves for credit losses and estimations of values of collateral and various financial assets and liabilities; acts of war or terrorism or geopolitical instability; disruption of credit and equity markets; ability to manage current levels of impaired assets; loss of certain key officers; ability to maintain the value and image of the Corporation’s brand and protect the Corporation’s intellectual property rights; continued relationships with major customers; and, potential impacts to the Corporation from continually evolving cybersecurity and other technological risks and attacks, including additional costs, reputational damage, regulatory penalties, and financial losses; and, the other factors detailed in ACNB’s publicly-filed documents, including its Annual Report on Form 10-K for the year ended December 31, 2023, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024 and September 30, 2024, and its other filings with the SEC. We caution readers not to place undue reliance on these forward-looking statements. The forward-looking statements only speak as of the date hereof, and ACNB does assume any obligation to revise, update or clarify forward-looking statements to reflect events or conditions after the date of this press release.

    ACNB #2025-5
    February 3, 2025

    Contact:    Kevin Hayes
    SVP/ General Counsel,
    Secretary, and Chief
    Governance Officer
    717.339.5161
    khayes@acnb.com
         

    The MIL Network –

  • MIL-OSI Global: While plastic dominates human consumption, the global economy will remain hooked on fossil fuels

    Source: The Conversation – UK – By Adam Hanieh, Professor of Political Economy and Global Development, Institute of Arab and Islamic Studies, University of Exeter

    Plastic waste in the Maldives. MOHAMED ABDULRAHEEM/Shutterstock

    In early December 2024, hopes for a landmark global treaty to curb plastic pollution were dashed as negotiations in South Korea stalled. Leading the campaign against the deal were major oil-producing nations, especially Saudi Arabia and Russia, who argued for a more flexible approach to any legally binding limits on plastic manufacturing.

    The collapse of any agreement came despite scientific research delivering ever more alarming warnings about the dangers of plastic pollution. Over the last two years, an avalanche of studies have revealed the pervasive presence of tiny plastic particles in human blood, brains, and even placental tissue.

    These particles, which stem from the breakdown of larger plastic waste, have been linked to everything from inflammation to hormonal disruption, and potential long-term health risks such as cancer. Aside from their effects on human health, plastics are wreaking havoc on marine ecosystems, with microplastics now found in Arctic ice and in the bodies of fish and birds.

    Behind these alarming studies stands a seemingly unstoppable juggernaut of plastic production. The annual global production of plastics reportedly grew nearly two hundredfold between 1950 (two million tonnes) and 2015 (381 million tonnes), and the pace of growth is accelerating.

    Over half of all plastics ever made were produced in the past 25 years, and production levels are estimated to double or triple again by 2050. And more production brings more waste.

    Less than 10% of all plastics ever produced have been recycled. And the volume of “mismanaged plastics” – those which are not recycled, incinerated, or sealed in landfills – is also estimated to double by 2050.

    It seems as if humans have become the organic detritus within a plastic world of our own creation.

    Plastic elephants

    But despite growing awareness around the problems associated with plastic, there is a fundamental flaw in how we tend to think about it as a product.

    For there is a tendency to frame plastic as a problem of pollution and recycling, rather than as an integral part of our fossil fuel-driven world. This narrative is also promoted by major oil companies, such as the American giant, ExxonMobil, which stated in the lead up to the South Korean summit: “The issue is pollution. The issue is not plastic.”

    The problem with this perspective is that it obscures the fact that plastics are petrochemical products: substances which are ultimately derived from oil and gas.

    Indeed, the future of fossil fuels is increasingly tied to the future of plastics. It has been estimated that by 2040, plastics will account for as much as 95% of net growth in oil demand.

    This is perhaps why 220 fossil fuel lobbyists attended those recent treaty discussions, outnumbering all other delegations. It could also explain why Saudi Arabia, home to one of the world’s largest petrochemical companies, led the opposition to any global limits on plastic production.

    At the core of capitalism

    The problem we confront is not simply the presence of an oil lobby, it is the systemic role that plastics play within capitalism.

    Plastics, and the wider petrochemical industry, played a crucial part in the transformation of global capitalism from the mid-20th century onwards.

    As I explore in my book, Crude Capitalism, the things we used to need to build and make things previously relied on sourcing naturally occurring, labour-intensive goods like timber, cotton or metals. But the invention of plastics and other synthetic materials separated commodity production from nature.

    More plastic in the pipeline.
    Kodda/Shutterstock

    Oil became more than a fuel – it was the substance that came to dominate our lives. A petrochemical shift to the rise of an oil-dominated world. With capitalism untethered from natural cycles, there was a radical reduction in the time taken to produce commodities and an end to any limits on the quantity and diversity of goods produced.

    Along with this, consumption habits became centred around notions of disposability and obsolescence. Plastics made the essential features of contemporary capitalism possible: a drive to limitless growth, continual acceleration of production and consumption, and the frenzied expansion of markets.

    The emergence of fast fashion is just one example. Alongside poorly paid garment workers in countries such as Bangladesh, really cheap clothing was only made possible through the massive expansion of polyester production (a kind of plastic), which freed the industry from its dependence on supplies of wool and cotton.

    The consumption of plastics looms large in today’s ecological crisis. And having become so accustomed to thinking about oil and gas as primarily an issue of energy and fuel choice, perhaps we have lost sight of how much of our lives depend upon the products of petroleum.

    These synthetic materials drove a post-war revolution in productivity, bringing labour-saving technology and mass consumption. It is now almost impossible to identify an area of life that has not been radically transformed by the presence of plastics and other petrochemicals.

    Plastic products have become normalised as natural parts of our daily existence. And it is this paradox which must be fully confronted if we are to move beyond fossil fuels.

    Adam Hanieh’s research into petrochemicals has been supported by a Political Economy Fellowship from the Independent Social Research Foundation (ISRF).

    – ref. While plastic dominates human consumption, the global economy will remain hooked on fossil fuels – https://theconversation.com/while-plastic-dominates-human-consumption-the-global-economy-will-remain-hooked-on-fossil-fuels-247393

    MIL OSI – Global Reports –