Category: Economy

MIL-OSI Africa: Guinea Economic Update: Domestic Resource Mobilization and Management for Inclusive and Sustainable Development

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The second edition of the Guinea Economic Update offers an in-depth analysis of the country’s evolving macroeconomic position and examines how Guinea can increase domestic resource mobilization and management to achieve its development goals.

The report, “Domestic Resource Mobilization and Management for Inclusive and Sustainable Development,” presents a dual focus: an evaluation of macroeconomic developments and outlook, and an examination of Guinea’s potential to enhance and manage domestic revenues, particularly in light of the expected windfall from the Simandou iron ore project.

The first part of the report highlights Guinea’s ongoing and anticipated economic growth, with GDP growth reaching 5.7% in 2024, projected at 6.5% in 2025, and averaging 10% in 2026–27, driven by expanding mining activity. However, the report underscores that recent growth has not significantly reduced poverty, which remains high at 52%, due to limited job creation in the non-mining sectors.

“In recent years, Guinea has achieved robust growth, primarily fueled by the mining industry and agriculture. Yet, the key challenge remains in transforming growth into employment opportunities for Guineans,” said Marilyne Youbi, World Bank Group Economist and Lead Author of the report.

The report points to a widening fiscal deficit — 4.8% of GDP in 2024 and rising public debt, driven by infrastructure investment and still-limited revenue mobilization. Tax revenues remain low at 13.1% percent of GDP, significantly below regional targets, constraining the government’s ability to invest in essential services such as health, education, and infrastructure.

The second part of the report presents an analysis of Guinea’s domestic resource mobilization and management landscape. It argues that increasing and better managing public revenues, especially from the mining sector, is essential for fiscal sustainability, economic diversification, and improved social outcomes. The report calls for stronger tax policy enforcement consistent with the Tax and Mining Codes, and it highlights key reform areas including enhancing tax audit capabilities, improving the integrity of the taxpayer database, ensuring timely filing and payment of taxes, and deepening digitalization of revenue administration. It also calls for reforms to strengthen management of public expenditures and public investments programs.

“This report underscores the urgency of implementing reforms to make growth more inclusive and resilient,” said Issa Diaw, World Bank Group Country Manager for Guinea. “With the Simandou iron ore project poised to transform the economy, Guinea has a narrow window to ensure that the benefits of growth are widely shared.”

As Guinea enters a potentially transformative phase in its development, the report calls for a renewed policy focus on debt sustainability, macroeconomic stability, as well as investments in human and physical capital.

Download the Guinea Economic Update in English.

Distributed by APO Group on behalf of The World Bank Group.

MIL OSI Africa –

July 2, 2025
MIL-OSI Africa: Economic Development and Trade Committee Chairperson Welcomes Launch of Proudly SA E-commerce Platform to Boost Local Industry

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The Chairperson of the Select Committee on Economic Development and Trade, Ms Sonja Boshoff, has welcomed the launch of Proudly SA’s new online platform for locally produced consumer goods.

Ms Boshoff characterised the platform as a significant step towards reindustrialisation of the South African economy, which will protect local jobs.

“This digital marketplace will serve as a vital conduit for South African businesses – particularly manufacturers and small-scale producers – to reach consumers across the country. In time, the platform is also expected to open international avenues for local exporters, contributing meaningfully to market diversification and economic resilience,” Ms Boshoff said.

“This initiative could not have come at a more important time. South Africa continues to face the triple threat of high unemployment, sluggish economic growth and deindustrialisation. Platforms such as this are essential to reversing the tide. By creating accessible digital channels for local producers, Proudly SA is directly contributing to inclusive economic growth and supporting job retention in vulnerable sectors like manufacturing and agro processing.

“While we commend this important intervention, it must form part of a broader localisation strategy, supported by clear procurement policies, incentives for domestic production and infrastructure support for township and rural enterprises. This is how industrialised nations have built resilient economies, and South Africa must be no different,” Ms Boshoff said.

She added that the committee encourages businesses, big and small, to register on the Proudly SA platform and commit to local procurement wherever possible. “Consumers, too, have a critical role to play in supporting this ecosystem. Buying local is no longer just patriotic; it is an economic imperative.”

“The committee will continue to exercise rigorous oversight over the departments and entities tasked with economic development, ensuring that such platforms receive the institutional backing, marketing exposure, and policy alignment they need to succeed,” added Ms Boshoff.

“South Africa has the capacity to produce its own goods – from furniture to fashion, food to film – and we must prioritise these industries if we are serious about reaching our growth targets and reducing the unemployment rate, which currently sits at an unsustainable 43.1%. It is time to back South African producers, not in words, but in procurement decisions, public policy, and consumer behaviour,” she said.

Distributed by APO Group on behalf of Republic of South Africa: The Parliament.

MIL OSI Africa –

July 2, 2025
MIL-OSI Russia: Seychelles’ Path to Macroeconomic Stability and Resilience

Source: IMF – News in Russian

Comprehensive reforms have fueled Seychelles’ journey out of crisis and its continued resilience in the face of shocks

Seychelles—a nation of 115 islands in the Indian Ocean—today enjoys a comparatively high degree of economic stability. Inflation is below 2 percent, real GDP has largely recovered from the pandemic, public debt is on course to reach the government’s target of less than 50 percent of GDP before 2030, and per capita income is the highest in Sub-Saharan Africa. But this stands in stark contrast to the country’s fortunes twenty years ago when it faced an economic crisis. What’s behind this turnaround?

From times of crisis

In the mid-2000s, Seychelles faced significant macroeconomic challenges stemming from expansionary fiscal policies and a rigid state-led economy. Large fiscal deficits were driven by high public spending on capital projects, subsidies, transfers to state enterprises and high debt service payments, while government revenues were constrained by significant tax concessions to foreign investors in the growing tourism sector. An expansionary monetary policy within a fixed exchange rate framework and extensive exchange controls led to external imbalances and depletion of foreign reserves. By 2008, gross public debt exceeded 192 percent of GDP and reserves had dwindled to just 2 weeks of import cover. The global financial crisis exacerbated these vulnerabilities, and the crisis came to a head in mid-2008 when the Seychelles authorities missed payments on the nation’s private foreign debt and Standard & Poor’s downgraded Seychelles to selective default.

Changing course

In response to this crisis, the government launched a comprehensive reform program with support from the IMF and other development partners. Key actions included abolishing all exchange restrictions and floating the rupee, consolidating public finances, reforming state enterprises, and abolishing indirect product subsidies in favor of a targeted social safety net. Paris Club creditors agreed to a debt stock reduction. These measures quickly yielded positive outcomes: inflation fell, foreign reserves were restored to over 3 months of import cover, and public debt declined to below 70 percent of GDP within five years. This turnaround rebuilt investor confidence, and the restoration of macroeconomic stability allowed policymakers room to shift from crisis management to macro-structural reforms in support of sustainable growth.

Resilience and commitment tested

The COVID-19 pandemic, which caused a sudden collapse in global tourism, was another tremendous shock. But its years of macroeconomic stability enabled Seychelles to face this new challenge from a position of strength. Confronted with an economic contraction of nearly 12 percent in 2020, the government implemented timely fiscal and monetary measures to support households and businesses, utilized emergency financing from the IMF, and moved quickly to resume tourism. As tourism rebounded in 2021 and 2022, economic growth surged to nearly 13 percent in 2022, helping to regain lost ground. Foreign exchange reserves were maintained above 3 months of import cover, and the exchange rate was allowed to move to facilitate adjustment. Key to managing the effects of the pandemic and the international commodity shock that followed were the fiscal and foreign exchange buffers built up in prior years and a commitment to macro fiscal discipline demonstrated by the government.

Staying on course

Given highly volatile global economic and financial conditions, Seychelles’ hard-won macroeconomic stability will likely be put to the test again. Environmental pressures limit scope to expand tourism, while vulnerability to external shocks argues for continued strong fiscal discipline and external buffers. To ensure continued economic growth and resilience, vital investments in infrastructure will be necessary, together with deeper development of human capital, more efficient public services, and financial sector deepening and inclusion. Concerted efforts are also needed to strengthen the social safety net and address critical social ills that hamper productivity and economic development. Some of these areas fall within the reform agenda under the current IMF-supported Extended Fund Facility and Resilience and Sustainability Facility, but others will require new policy commitments.

Seychelles’ economic record highlights the importance of sound macroeconomic management and institutional strengthening in achieving and sustaining economic prosperity. Its journey offers valuable lessons for other small economies aiming at building resilience in an increasingly uncertain global landscape.

Todd Schneider is IMF mission chief to Seychelles and an advisor in the IMF’s African Department, where Hany Abdel-Latif is an economist, Pedro Maciel is a senior economist, and Henry Quach is a research analyst.

https://www.imf.org/en/News/Articles/2025/07/01/cf-seychelles-path-to-macroeconomic-stability-and-resilience

MIL OSI

MIL OSI Russia News –

July 2, 2025
MIL-OSI Security: Founder and Former CEO of Artificial Intelligence Start-Up SKAEL Pleads Guilty to Securities Fraud and Wire Fraud

Source: US FBI

SAN FRANCISCO – Baba Nadimpalli, the founder and former Chief Executive Officer of SKAEL, Inc. (SKAEL), pleaded guilty in federal court yesterday to one count of securities fraud and one count of wire fraud in connection with a scheme to defraud investors by misleading them about the company’s revenue, annual recurring revenue (ARR), and other financial and sales information.

Nadimpalli, 42, a citizen of Australia who previously resided in San Francisco, was indicted by a federal grand jury on Jan. 17, 2024. According to his plea agreement, Nadimpalli founded SKAEL in 2016 and served as its Chief Executive Officer from 2016 until July 2022. SKAEL was a San Francisco-based, software-as-a-service company that provided corporate clients with artificial intelligence and automation software to assist with mundane, time-intensive tasks by building “Digital Employees.” SKAEL earned revenue by charging implementation fees for the building of Digital Employees and subscription fees for their use once built.

From January 2020 until about February 2022, SKAEL raised over $40 million in three rounds of financing. In order to induce prospective and existing investors to invest, Nadimpalli provided false information regarding SKAEL’s customer and sales information, revenue, and ARR. Nadimpalli knew that ARR, which reflected the company’s monthly subscription revenue times 12, was an important metric for investors in considering their investments in SKAEL. In or around 2021, Nadimpalli provided materially false information to investors in advance of their investments in SKAEL, including representing that SKAEL was receiving ARR from certain companies that did not subscribe to its software and services; overstating ARR from certain customers who were SKAEL customers; and representing that customers who had terminated their subscriptions were current customers with ARR.

In or around February 2022, SKAEL raised approximately $30 million in a Series A preferred stock offering that valued SKAEL at approximately $230 million after closing. In connection with the stock offering, Nadimpalli directed the creation of an electronic data room for potential investors that contained (1) a spreadsheet that Nadimpalli maintained that contained materially false information about the company’s ARR and customers; (2) materially false financial statements; and (3) an investor presentation that contained materially false information about the company’s ARR, revenue, and customer adoption.

Nadimpalli further admitted to providing an investor and a financial employee with false bank account information that included purported customer payments that had not actually been deposited.

United States Attorney Craig H. Missakian and FBI Special Agent in Charge Sanjay Virmani made the announcement.

Nadimpalli is scheduled to be sentenced by Senior U.S. District Judge Charles R. Breyer on Sept. 17, 2025. He faces a maximum penalty of 20 years in prison and a $5 million fine for the count of securities fraud in violation of 15 U.S.C. §§ 78j(b) & 78ff and 17 C.F.R. § 240.10b-5, and 20 years in prison and a $250,000 fine for the count of wire fraud in violation of 18 U.S.C. § 1343. Any sentence will be imposed by the court after consideration of the U.S. Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. § 3553.

Assistant U.S. Attorneys Noah Stern and Ilham Hosseini are prosecuting this case with the assistance of Mark DiCenzo and Lynette Dixon. The prosecution is the result of an investigation by the FBI. The U.S. Attorney’s Office and the FBI thank the San Francisco Regional Office of the Securities and Exchange Commission, which also filed a civil enforcement action against Nadimpalli in the Northern District of California.

MIL Security OSI –

July 2, 2025
MIL-OSI: Andvaris Appoints Mahmud Samad as Chief Financial Officer to Support Strategic Growth

Source: GlobeNewswire (MIL-OSI)

MIAMI, July 01, 2025 (GLOBE NEWSWIRE) — Andvaris Inc., a leading provider of staffing and workforce solutions, is pleased to announce the appointment of Mahmud Samad as Chief Financial Officer (CFO). This strategic addition to the executive team reflects the company’s continued commitment to sustainable growth, operational excellence, and financial innovation.

Mahmud brings a wealth of experience in corporate finance, strategic planning, and scaling fast-growing businesses. In his new role, he will lead Andvaris’ financial operations, optimize budgeting and forecasting, and support key strategic initiatives as the company continues to expand its national footprint.

“We’re excited to welcome Mahmud to the leadership team,” said Zedrick Gilo, CEO of Andvaris. “His financial insight and proven leadership in building scalable financial systems make him the ideal partner to help us reach our next stage of growth.”

Andvaris continues to grow rapidly, expanding its service offerings and client base across the U.S. With Mahmud on board, the company is poised to strengthen its financial foundation and accelerate innovation in workforce solutions.

About Andvaris Inc.

Founded in 2014, Andvaris is a national staffing and recruiting company offering AI-powered hiring technology, contingent workforce solutions, and employer of record services. Headquartered in Miami, FL, the company supports businesses in building agile and diverse teams across industries.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8f9b6a63-0bb5-4b8e-9c1d-21900e263895

The MIL Network –

July 2, 2025
MIL-OSI: Global Neuro-Psychiatric Disorders & Treatment Market Projected to Reach $166 Billion by 2032
Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., July 01, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Worldwide, there is a rising demand for neuropsychiatric disorder treatments which is expected to fuel the global markets for years to come. With expanding research and development efforts and a robust pipeline of novel medications, the neuropsychiatric disorders treatment landscape is evolving rapidly. Pharmaceutical companies are focusing on innovative drug therapies to meet the growing need for effective and affordable treatments. The market is primarily driven by the high incidence of mental illnesses, including depression and anxiety, and the rising awareness of these conditions. As a result, new treatment options are being developed, and drug-related activities such as clinical trials and drug approvals are intensifying. Recently an article on the 4th European Congress of Neurology and Neuropsychiatry website said that: “The global neuropsychiatric disorders and treatment market is on an upward trajectory, with a significant increase in demand for innovative solutions that cater to the growing burden of mental health conditions. In 2024, the market was valued at USD 130.5 billion, and by 2032, it is projected to reach USD 166.3 billion, growing at a compound annual growth rate (CAGR) of 10.20% from 2023 to 2032. This growth is fueled by continuous research, advancements in treatment, and heightened awareness of neuropsychiatric disorders.” Active Companies active today in markets include: Cybin Inc. (NYSE: CYBN) (NEO: CYBN), COMPASS Pathways plc (NASDAQ: CMPS), Sage Therapeutics, Inc. (NASDAQ: SAGE), Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) (NEO: MMED), atai Life Sciences (NASDAQ: ATAI).

The article continued: “The growing global burden of neuropsychiatric disorders is a critical driver for the treatment market. With over 9.1 million annual deaths attributed to neurological diseases and an additional 8 million caused by neuropsychiatric conditions, this category represents a substantial public health challenge. These disorders contribute significantly to disability globally, with an estimated 461 million disability-adjusted life years (DALYs) lost each year. Moreover, rising awareness through public education, media coverage, and advocacy organizations is encouraging more individuals to seek early diagnosis and treatment, ultimately improving outcomes for patients. Social media and celebrity-led campaigns have also played a pivotal role in removing the stigma surrounding mental health, further boosting the demand for treatments. Drug treatments continue to be the fastest-growing segment in the neuropsychiatric disorders market, driven by ongoing advancements in pharmacology. New medications are being developed with fewer side effects and increased efficacy in managing conditions like depression, schizophrenia, and Alzheimer’s disease.”

Cybin Inc. (NYSE AMERICAN: CYBN) (Cboe Canada: CYBN) Announces Financing of up to US$500 Million Aggregate Principal Amount of Convertible Debentures – Funding agreement contemplates a conversion formula with a potential 30% premium upon conversion and positions the Company for growth, and accelerated advancement of its clinical pipeline programs, CYB003 and CYB004 – Cybin Inc. (“Cybin” or the “Company”), a clinical-stage breakthrough neuropsychiatry company committed to revolutionizing mental healthcare by developing new and innovative next-generation treatment options, is pleased to announce the Company has entered into a securities purchase agreement (the “Securities Purchase Agreement”) with High Trail Special Situations LLC (“High Trail”), pursuant to which the Company agreed to sell and issue to High Trail up to US$500,000,000 in aggregate principal amount of unsecured convertible debentures (the “Convertible Debentures”). The sale and issue of US$50,000,000 principal amount of Convertible Debentures was completed on June 30, 2025 (the “Private Placement”). The sale and issue of US$450,000,000 of the principal amount of Convertible Debentures will be determined at a future date, upon mutual agreement of the parties.

“This financing represents a major inflection point for Cybin and supports our position as a leader within our sector,” said Doug Drysdale, Chief Executive Officer of Cybin. “High Trail Capital is an experienced investor, and its confidence and appreciation of our breakthrough clinical data and intellectual property portfolio recognize the potential of the Company. This financing comes at an opportune time for Cybin, as we advance our lead programs, CYB003 and CYB004, in Phase 3 and Phase 2, respectively. CYB003 demonstrated over 70% remission rates and continued durability over 12 months for patients with uncontrolled depression. We await the conclusion of our CYB004 Phase 2 proof-of-concept study, in patients with generalized anxiety disorder,” said Drysdale.

Joseph Gunnar & Co., LLC acted as the sole placement agent in connection with this transaction.

Pipeline Acceleration Drives Multiple Value Creation Catalysts

The funding will accelerate Cybin’s clinical-stage programs across multiple high-value indications:

CYB003 Program Achievements:
- Breakthrough Clinical Results: Unprecedented 71% remission rate in major depressive disorder at 12 months after two 16 mg doses in Phase 2 study
- Durability advantage: 12-month sustained efficacy demonstrating long-term therapeutic benefit
- FDA Recognition: Breakthrough Therapy Designation received, expediting regulatory pathway
- Multinational Phase 3 PARADIGM program underway
CYB004 Program Momentum:
- Dual Indication Strategy: Expanding addressable market opportunity
- Phase 2 GAD study expected to complete around mid-year 2025 ¹
Commercialization Infrastructure:
- Manufacturing Scale-Up: Finalizing production capabilities for market launch
- IP Portfolio Expansion: Strengthening competitive moat with more than 90 patents issued and over 230 applications pending
- Strategic Partnerships: Developing market access and pre-commercialization alliances
Value Catalysts Drive Sustained Momentum

Near-Term Catalysts:
- CYB004 Phase 2 GAD study expected to complete around mid-2025 ¹
- Initiation of second CYB003 pivotal study, EMBRACE, around mid-2025 ¹
- EXTEND study initiation imminent ¹
Medium-Term Catalysts (2025-2026):
- Phase 3 top line readout for CYB003 2H 2026 ¹
- Regulatory submission preparations
- Commercial manufacturing readiness
- International market expansion planning
CONTINUED… Read the Transaction Terms and full Press Release for Cybin at: https://www.financialnewsmedia.com/news-cybn/ NOTES: 1.There is no assurance that timelines will be met. Anticipated timelines regarding the initiation, advancement and results of clinical trials are based on reasonable assumptions informed by current knowledge and information available to the Company. See “Cautionary Notes and Forward-Looking Statements in the Full Press Release”.

In other active company biotech news in the markets:

atai Life Sciences (NASDAQ: ATAI), a clinical-stage biopharmaceutical company on a mission to develop highly effective mental health treatments to transform patient outcomes, and Beckley Psytech Limited (“Beckley”), a private clinical-stage biopharmaceutical company pioneering the next generation of mental health treatments, recently announced a definitive agreement under which atai and Beckley plan to combine in an all-share transaction subject to pre-agreed BPL-003 (mebufotenin benzoate) Phase 2b success criteria.

“The strategic combination marks a transformational moment, solidifying us as a leader in rapid-acting and accessible psychedelic treatments for mental health conditions with a pipeline of potential first-in-class and best-in-class assets,” stated Srinivas Rao, M.D., Ph.D., Chief Executive Officer and Co-Founder of atai. “With a unified vision and a synergistic pipeline, we believe we are well-positioned to unlock the strategic value of our clinical development programs for both patients and shareholders. Together, we plan to move confidently towards our goal of bringing innovative interventional psychiatry therapies to patients in need of new treatments.”

Mind Medicine (MindMed) Inc. (NASDAQ: MNMD), a late-stage clinical biopharmaceutical company developing novel product candidates to treat brain health disorders, recently announced the issuance of inducement grants to four newly hired non-executive employees consisting of options to purchase an aggregate of 128,750 common shares of the Company (the “Options”), with effective grant dates of June 2, 2025 and June 9, 2025, depending on the applicable employee’s respective start date. The Options have an exercise price equal to the closing price of MindMed’s common shares on the last trading day on which MindMed’s common shares traded prior to the date of the respective grant, and will vest over a four-year period with 25% vesting on the first anniversary of the date of the grant and the remaining 75% vesting in substantially equal monthly increments over the three-year period thereafter, subject to each employee’s continued employment.

Supernus Pharmaceuticals, Inc. (SUPN) and Sage Therapeutics, Inc. (NASDAQ: SAGE) recently announced a definitive agreement for Supernus to acquire Sage through a tender offer for $8.50 per share in cash (or an aggregate of approximately $561 million), payable at closing, plus one non-tradable contingent value right (CVR) collectively worth up to $3.50 per share in cash (or an aggregate of approximately $234 million), for total consideration of $12.00 per share in cash (or an aggregate of up to approximately $795 million). The CVR is payable upon achieving certain net sales and commercial milestones. The transaction is expected to close in the third quarter of 2025.

The transaction will provide Supernus with an innovative marketed product: ZURZUVAE^® (zuranolone) capsules CIV, the first and only U.S. Food and Drug Administration (FDA)-approved oral medicine indicated for the treatment of adults with postpartum depression. Through a collaboration agreement with Biogen, Inc., Supernus will report collaboration revenue that is 50% of total net revenue Biogen records for ZURZUVAE in the U.S.

Compass Pathways plc (NASDAQ: CMPS), a biotechnology company dedicated to accelerating patient access to evidence-based innovation, recently announced the successful achievement of the primary endpoint in the ongoing Phase 3 COMP005 trial, the first of two Phase 3 trials evaluating COMP360, a synthetic, proprietary formulation of psilocybin, for treatment-resistant depression (TRD). The primary endpoint is the difference in change from baseline in the Montgomery-Åsberg Depression Rating Scale (MADRS) scores between the active treatment group and the placebo group at week 6. A single dose of COMP360 25 mg versus placebo demonstrated a highly statistically significant reduction in symptom severity with a p-value of <0.001 and a clinically meaningful difference of -3.6 in change at the primary endpoint. The Company plans to discuss these preliminary COMP005 data with the U.S. Food and Drug Administration (FDA), which has not yet reviewed the data.

The ongoing Phase 3 COMP005 trial is the first study of an investigational, synthetic psilocybin, and the first classic psychedelic to report Phase 3 efficacy data. This randomized, double-blind, placebo-controlled study, which dosed 258 participants with TRD across 32 sites in the United States, aims to assess the efficacy and safety of a single dose of COMP360 25 mg versus placebo for reducing symptom severity in TRD.

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The MIL Network –
July 2, 2025
MIL-OSI Africa: Correctional Services Minister vows to root out criminality in facilities

Source: South Africa News Agency

The Department of Correctional Services has conducted more than 460 raids in correctional facilities across the country over the past year in a crackdown against lawlessness within these facilities.

This according to Minister Pieter Groenewald, who presented the department’s Budget Vote in Parliament, on Tuesday.

“I can declare that in the past year, 466 raids have been conducted. I have also conducted numerous unannounced visits to numerous facilities. These unannounced visits and raids will increase in the coming year,” he said.

More than 33 000 cell phones, 20 577 sharpened objects, some 122 407 items related to alcohol and other substances, 232.16kg of drugs and over R394 000 worth of money had been confiscated during these raids.

Groenewald said officials have also been subjected to disciplinary action where necessary.

“In the last year, 515 officials have received final written warnings; 181 were suspended without pay and 146 dismissed.

“When it comes to discipline, I can only say that we can only address our problems if we recognise their true extent,” he said.

Protecting communities

The Minister said when he took office last year, there was a backlog of some 495 life imprisonment profiles. A further 584 life imprisonment profiles have landed on his desk since.

“Of this total of 1 079 profiles considered, I approved 29 parole applications and granted three cases of day parole. Five individuals serving life sentences have been granted parole and are subject to deportation.

“Thirty-eight individuals’ parole has been revoked, two cancelled and one withdrawn. Unfortunately, I have also had to utilise the powers granted to me to refer three parole placements to the Correctional Supervision and Parole Review Board.

“The CSPRB is tasked with reviewing the original decisions made by parole boards and must confirm or replace it with its own decision. In all three cases, parole was withdrawn. We are in the process of reviewing the whole parole system,” he said.

Groenewald explained that the department is tasked with ensuring that inmates, who may reoffend, are not allowed back into society.

“The department has the important task to safeguard communities against convicted criminals whilst providing rehabilitation of offenders in order to ensure safe reintegration into society. When parole becomes a loophole for further terror and criminality, it is not merely a policy failure, it is a failure of justice.

“I am very strict on that and I want to put it on record again: it doesn’t matter whether an applicant went through all the courses and the rehabilitation programmes in our facilities but when I receive a psychological reports…and the risk of reoffending is medium to high, I will not approve any parole for that specific case,” he emphasised.

Self-sufficiency

The Minister said the department will have a budget of some R29 billion for the 2025/26 financial year, rising to just over R30 billion for 2026/27 and reaching some R31.9 billion for 2027/28.

He highlighted that the department’s budget has undergone some cuts as a result of fiscal constraints.

“The cuts in our budget translate to the provision of security being compromised, capital investment in skills cuts, the budget for nutritional services had to be cut, capital works projects will be on hold and the monitoring of parolees could be negatively impacted.

“[We] face real and pressing financial and operational constraints. The capital budget shortfall of R222 million undermines our ability to conduct infrastructure upgrades and critical maintenance. The escalating cost of food, fuelled by inflation and the growing number of inmates, including a sharp increase in foreign nationals, adds another layer of financial strain,” he said.

However, the department is doing its best to “explore alternative revenue streams so that we are not solely reliant on the fiscus”.

“We have registered commendable progress in the construction of correctional centre-based bakeries and pharmacies. The number of operational bakeries has increased from nine to 11, with Standerton and Pietermaritzburg recently coming online.

“In the past financial year, we have produced just over five million loaves of bread, which translates to estimated savings of R27 197 251.20. Farm production has also yielded R130 491 122.81 estimated savings in food provisioning.

“This is but a step in the direction of becoming entirely self-sufficient. The amendments to the 12-day cycle meal plan are expected to generate estimated savings of over R200 million per annum. These figures reflect our commitment to responsible spending of the taxpayers’ hard-earned money,” Groenewald said.

In his written remarks, the Minister acknowledged that although the department has taken a step in the right direction, more still needs to be done to create a corruption-free correctional service that contributes to South Africa’s safety.

“Our mission is to [do] the best – doing more with less. More savings of taxpayers’ money, more raids, greater discipline, bigger efforts to uproot corruption, more implementation of creative solutions, a bigger, happier workforce and ultimately, greater public trust.

“Together, we will continue to strengthen our department, affirm our constitutional commitments, and ensure that justice prevails in South Africa.

“Let us reaffirm our commitment to a correctional system that serves the people, one rooted in integrity, accountability, and safety. Only then can we truly begin to restore hope, rebuild faith in the system, and move toward the safer South Africa we all deserve,” Groenewald said. – SAnews.gov.za

MIL OSI Africa –

July 2, 2025
MIL-OSI Africa: Mpumalanga’s power and potential must fuel women’s empowerment, Chikunga
Source: South Africa News Agency

Minister in the Presidency for Women, Youth and Persons with Disabilities, Sindisiwe Chikunga, has made an urgent call for inclusive economic transformation that places women at the centre of key value chains.

The Minister was delivering a keynote address at the Third Technical Meeting of the G20 Empowerment of Women Working Group (EWWG), currently underway in Skukuza Conference Centre, Kruger National Park, in Mpumalanga.

From the roar of coal turbines at Kusile and Kendal, to the citrus farms of Nkomazi and the tourism magnetism of Kruger National Park, the Minister painted a vivid picture of a province brimming with economic opportunity.

However, she cautioned that women who bear the invisible burden of care and subsistence work must be integrated meaningfully into these economic engines.

“Our task is to ensure that the energy transition, the tourism boom and the manufacturing spine you see here translate into real ownership, decent jobs and fair returns for the women who already carry this province’s invisible labour on their shoulders.

“When we speak of women’s economic empowerment over the next few days, let us remember: the dividends of energy reform and agro-processing must flow into the very hands that have long carried both unpaid care and subsistence farming,” the minister said.

The Minister asserted that this G20 moment belongs not just to South Africa, but to Africa and its people. She reaffirmed the country’s commitment to ensuring grassroots voices inform global policy.

“South Africa may chair the process, but we view this moment as Africa’s G20 and the People’s G20,” she said.

Describing Mpumalanga as the province that “powers, feeds, and connects South Africa”, the Minister said the province was chosen deliberately, highlighting its strategic location along the Maputo-Gauteng corridor and its immense contribution to regional energy, agriculture, logistics and tourism.

“Mpumalanga sits at the intersection of energy, agriculture, logistics and tourism, the very value chains in which women must now claim their full, equitable share,” she said.

Driving a Global Agenda with local impact

Under the banner of “Solidarity, Equality, Sustainability,” Minister Chikunga detailed the three priorities of the third Working Group as valuing the care economy – both paid and unpaid; unlocking genuine financial inclusion for women; and eradicating gender-based violence and femicide.

The Minister highlighted that her department and the Provincial Government held a community engagement nearly two weeks ago in Mkhondo with the ordinary South African women.

She emphasised that the voices of ordinary women – like those heard during the community engagements in Mkhondo, must echo in every session of the G20 deliberations.

“Our conversations here mean little if they do not reflect the voices we heard in Mkhondo and those of citizens across all G20 nations and if they do not translate into real improvements in their daily lives,” she said.

Chikunga outlined concrete progress made since South Africa took the G20 reins:
- A global conference on financial inclusion that pushed for gender-responsive land and credit policies and a redesign of the global financial architecture;
- A C-suite roundtable with African banks to pilot inclusive financial products and link executive bonuses to gender-inclusion targets;
- Provincial dialogues that birthed legacy projects such as solar-powered childcare centres and women-led agro-processing hubs.
“These milestones confirm that our agenda is no longer a set of good ideas; it is a living programme of action poised for global scale,” she noted.

Care Economy: The backbone of real growth

Calling the care economy the “hidden engine” that sustains the visible economy, the Minister urged G20 nations to take bold steps to quantify, invest in, and redistribute care work.

“If we costed all paid and unpaid care work, it would equal about 40 percent of global GDP and 380 million jobs. Remove care and almost half the world’s economic value would evaporate overnight,” she warned.

Outlining a three-part call to action, Minister Chikunga pressed for public investment in care as critical infrastructure, the regular measurement of unpaid care through time-use surveys, and legal reforms to support parental leave, living wages for carers, and equitable workplace policies.

“Treating care as peripheral is not a statistical error; it is an act of economic self-harm rooted in patriarchal thinking,” she said.

From consensus to commitment

As the G20 Working Group heads toward its Ministerial Declaration, Minister Chikunga urged delegates to leave Skukuza with a singular mandate: to turn consensus into costed, timeline-driven policy options that uplift women in tangible ways.

“Our work will be measured by practical outcomes: a woman whose unpaid care burden is lighter; a girl who stays in school because a community crèche opened; a survivor who receives timely support and justice. These are the tests that matter,” she said.

With its powerful blend of local insight and global ambition, South Africa’s G20 Presidency is charting a bold path toward women’s economic justice, anchored in the lived realities of its people and powered by the untapped potential of provinces like Mpumalanga. – SAnews.gov.za

MIL OSI Africa –
July 2, 2025
MIL-OSI United Kingdom: Countdown to Euro 2025 as Government gives advice to travelling fans
Source: United Kingdom – Executive Government & Departments

Press release

Countdown to Euro 2025 as Government gives advice to travelling fans

Ahead of Euro 2025 kicking off tomorrow, the Foreign Office is providing fans with the information and advice they need for a safe and enjoyable tournament.
With the 2025 UEFA Women’s Euro football tournament kicking off tomorrow, the Foreign, Commonwealth and Development Office (FCDO) is working closely with the Football Associations of England and Wales to provide information and advice to travelling fans

Ahead of Women’s Summer of Sport, the UK Government continues to drive progress in women’s sport to improve access and boost the nation’s economy

With thousands of supporters expected to follow reigning champions England and major-tournament newcomers Wales when the Women’s Euro 2025 kicks off tomorrow, the Foreign Office has issued top tips to help fans have a safe and enjoyable tournament in Switzerland.

Advice for fans travelling to the eight different stadiums hosting matches across the country includes: checking travel advice, signing up to email alerts for the latest developments, ensuring your passport meets entry requirements and getting travel insurance before you go. The UK will also have a consular presence in Switzerland throughout the tournament, to support those British nationals requiring help or advice.

Foreign Secretary David Lammy said:

The Women’s Euros promises to be a spectacular event with legions of fans travelling to multiple locations across Switzerland to enjoy the matches. Together with in-country consular support, we’ve put together some practical advice to help people have a safe and enjoyable trip and get behind our home teams.

Lionesses Head Coach Sarina Wiegman said:

We know thousands of you will be planning on travelling to Switzerland. Trips like this are a really big commitment and we understand the sacrifices our travelling support will be making. We thank you and please know your loyalty and passion will never be taken for granted by myself and the players.

We wish everyone a fantastic experience and hope it is a summer to remember.

Specifically fans travelling to Switzerland are advised to:

Check Travel Advice for Euro 2025 and sign up to Switzerland Travel Advice email updates for all the latest info.

Read the support for British nationals abroad guidance on staying safe abroad and help that the FCDO can provide.

Make sure their passport meets the entry requirements for Switzerland.

Get travel insurance to ensure they are protected when travelling.

In 2024, UK Women’s Sport attracted audiences of over 44.17 million, an increase of nearly 40% in just two years, with global revenues predicted to have risen by 240% in 4 years.

The Government is driving progress across women’s sport, which in addition to improving access for women and girls across the country is also helping to boost economic growth and deliver on Our Plan for Change. On 21 March, the Department for Culture, Media and Sport announced an investment of £100 million to fund grassroots facilities throughout the UK. £98 million of this will support projects in 2025/26.

Wales Office Minister and Equalities Minister Nia Griffith said:

Along with hundreds of other supporters across Wales I will be travelling to Switzerland this month to cheer on our fantastic women’s team as they take part in a major tournament for the very first time.

I wish the squad and staff the very best of luck and Wales fans should follow advice and prepare for their trip so they can fully enjoy this historic and ground-breaking moment for Welsh football.

Fan Engagement Executive at Football Association of Wales, Macsen Jones said:

As Cymru prepare to make history with our first-ever appearance at the UEFA Women’s EURO, thousands of our supporters will be travelling to Switzerland to cheer them on.

The FAW has been working closely with the FCDO to provide up-to-date travel advice, helping ensure that our fans stay safe and well-informed while supporting Cymru this summer.

As a Euro match ticket holder, fans can travel from anywhere in Switzerland to the stadium and back on the day of your match for free, with the offer valid for the entire Swiss public transport network. Additionally, every host city will host a Fan Zone to provide entertainment beyond the 90 minutes of football.

Background:

Travelling England and Wales fans will be able to contact the FCDO by phone 24/7 on +44 (0)20 7008 5000 or by calling the Embassy locally on +41 31 359 77 00. Fans in Switzerland can access the Swiss emergency services by dialling 112.

Fans planning to travel elsewhere in the region should check Travel Advice for each location they plan to visit or transit through.

Globally, Deloitte predicts that revenue generated by women’s elite sports will reach at least $2.35 billion, or £1.8 billion, in 2025, with revenues predicted to have risen by 240% in 4 years.

The event guide for the UEFA Women’s Euro 2025 can be found here: www.uefa.com/womenseuro/event-guide/

Media enquiries

Email newsdesk@fcdo.gov.uk

Telephone 020 7008 3100

Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

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Published 1 July 2025
MIL OSI United Kingdom –
July 2, 2025
MIL-OSI: ZIGChain Launches Mainnet Beta for First Layer 1 Designed for Decentralized Wealth Generation Infrastructure
Source: GlobeNewswire (MIL-OSI)
- ZIGChain’s Layer 1 mainnet beta launches June 25, 2025, establishing a programmable foundation for global, decentralized wealth infrastructure.
- The chain enables developers and institutions to deploy scalable, performance-based investment protocols.
Singapore, July 01, 2025 (GLOBE NEWSWIRE) — – ZIGChain, a purpose-built Layer 1 blockchain for decentralized wealth generation, has officially launched its mainnet beta, marking its Genesis Day and laying the foundation for a new era of programmable financial access and infrastructure.

ZIGChain enables high-performance, interoperable applications across DeFi, real-world assets (RWA), and automated investment protocols. The mainnet beta launch caps off a successful testnet phase that saw rapid ecosystem expansion, with an array of native applications deploying on the platform, generating substantial developer and community engagement.

The platform is supported by a $100 million Ecosystem Fund, backed by DWF Labs, UDHC Finance, and Disrupt.com, and builds on the success of Zignaly, a licensed social investment platform connecting over 600,000 users with 150+ fund managers.

This launch follows a string of strategic milestones showcased at the April 29 ZIGChain Summit in Dubai, including the unveiling of Zamanat, the world’s first Shariah-compliant RWA tokenisation platform, and the announcement of the $25 million DeFAI Innovation Fund.

Abdul Rafay Gadit, Co-Founder of ZIGChain, stated, “Accessing reliable and transparent investment infrastructure has historically been difficult, not just for retail users, but even for experienced managers. With ZIGChain, we’re taking a meaningful step toward changing that by focusing deeply on real-world assets as the foundation for long-term, scalable wealth generation. We aim to equip developers with the tools they need to start building programmable protocols designed to align with applicable law that bridge traditional assets with blockchain technology.”

Bart Bordallo, Co-Founder and CEO of ZIGChain, expressed that, “This mainnet beta launch represents a shift from vision to foundation. We’ve built a high-performance, interoperable architecture that can handle the complex requirements of DeFi, RWA tokenization, and automated investment protocols at scale. The infrastructure includes our validator network, cross-chain bridge capabilities, and native staking mechanisms – all designed for institutional-grade security and compliance. We’re excited to see developers leverage these technical foundations to build the next generation of financial applications”

ZIGChain launches with a robust ecosystem of native applications preparing for deployment, including Oroswap, an AI-powered conversational DEX; Valdora Finance, a native liquid staking protocol; Permapod, a lending protocol designed to accept RWAs as collateral; and Nawa Finance, a Sharia-compliant DeFi aggregator. These projects represent the early wave of builders leveraging ZIGChain’s infrastructure to bring new decentralized financial tools to market.

With this foundation in place, ZIGChain will begin rolling out critical infrastructure components, including the ZIGChain Hub for staking and validation, cross-chain bridges to support $ZIG token migration, and the activation of its validator network. These features will be deployed in phases to ensure stability, security, and long-term scalability.

By anchoring real-world assets, ethical finance, and AI-First infrastructure within a Layer 1, ZIGChain is positioning itself to support the next evolution of decentralized capital markets. The chain’s vision is clear: build the infrastructure now for what serious builders and institutional users will demand tomorrow, while ensuring that these systems are equally accessible to everyone. By putting inclusivity at the heart of its mission, ZIGChain is paving the way for a more equitable and truly global financial future.

Learn more about ZIGChain by visiting zigchain.com

About ZIGChain

ZIGChain is a purpose-built Layer 1 blockchain designed to democratize access to investment opportunities, facilitate financial inclusion regardless of income level, technical skill, or geographic location. ZIGChain enables developers and institutions to launch scalable, compliant protocols for profit-sharing, fund tokenization, and real-world asset management.

Its ecosystem includes Zignaly, a licensed social investment platform connecting over 600,000 users with more than 150 professional portfolio managers. ZIGChain also supports Zamanat, the world’s first Shariah-compliant real-world asset (RWA) tokenization platform, combining ethical finance with programmable blockchain infrastructure.

Disclaimer: Zamanat is a separate app built on ZIGChain. ZIGChain itself is not a Shariah compliant blockchain network.

For more information about ZIGChain, please visit zigchain.com

Media Contacts:
Jacob Galland

Luna PR
jake@lunapr.io

The MIL Network –
July 2, 2025
MIL-OSI: ZIGChain Launches Mainnet Beta for First Layer 1 Designed for Decentralized Wealth Generation Infrastructure
Source: GlobeNewswire (MIL-OSI)
- ZIGChain’s Layer 1 mainnet beta launches June 25, 2025, establishing a programmable foundation for global, decentralized wealth infrastructure.
- The chain enables developers and institutions to deploy scalable, performance-based investment protocols.
Singapore, July 01, 2025 (GLOBE NEWSWIRE) — – ZIGChain, a purpose-built Layer 1 blockchain for decentralized wealth generation, has officially launched its mainnet beta, marking its Genesis Day and laying the foundation for a new era of programmable financial access and infrastructure.

ZIGChain enables high-performance, interoperable applications across DeFi, real-world assets (RWA), and automated investment protocols. The mainnet beta launch caps off a successful testnet phase that saw rapid ecosystem expansion, with an array of native applications deploying on the platform, generating substantial developer and community engagement.

The platform is supported by a $100 million Ecosystem Fund, backed by DWF Labs, UDHC Finance, and Disrupt.com, and builds on the success of Zignaly, a licensed social investment platform connecting over 600,000 users with 150+ fund managers.

This launch follows a string of strategic milestones showcased at the April 29 ZIGChain Summit in Dubai, including the unveiling of Zamanat, the world’s first Shariah-compliant RWA tokenisation platform, and the announcement of the $25 million DeFAI Innovation Fund.

Abdul Rafay Gadit, Co-Founder of ZIGChain, stated, “Accessing reliable and transparent investment infrastructure has historically been difficult, not just for retail users, but even for experienced managers. With ZIGChain, we’re taking a meaningful step toward changing that by focusing deeply on real-world assets as the foundation for long-term, scalable wealth generation. We aim to equip developers with the tools they need to start building programmable protocols designed to align with applicable law that bridge traditional assets with blockchain technology.”

Bart Bordallo, Co-Founder and CEO of ZIGChain, expressed that, “This mainnet beta launch represents a shift from vision to foundation. We’ve built a high-performance, interoperable architecture that can handle the complex requirements of DeFi, RWA tokenization, and automated investment protocols at scale. The infrastructure includes our validator network, cross-chain bridge capabilities, and native staking mechanisms – all designed for institutional-grade security and compliance. We’re excited to see developers leverage these technical foundations to build the next generation of financial applications”

ZIGChain launches with a robust ecosystem of native applications preparing for deployment, including Oroswap, an AI-powered conversational DEX; Valdora Finance, a native liquid staking protocol; Permapod, a lending protocol designed to accept RWAs as collateral; and Nawa Finance, a Sharia-compliant DeFi aggregator. These projects represent the early wave of builders leveraging ZIGChain’s infrastructure to bring new decentralized financial tools to market.

With this foundation in place, ZIGChain will begin rolling out critical infrastructure components, including the ZIGChain Hub for staking and validation, cross-chain bridges to support $ZIG token migration, and the activation of its validator network. These features will be deployed in phases to ensure stability, security, and long-term scalability.

By anchoring real-world assets, ethical finance, and AI-First infrastructure within a Layer 1, ZIGChain is positioning itself to support the next evolution of decentralized capital markets. The chain’s vision is clear: build the infrastructure now for what serious builders and institutional users will demand tomorrow, while ensuring that these systems are equally accessible to everyone. By putting inclusivity at the heart of its mission, ZIGChain is paving the way for a more equitable and truly global financial future.

Learn more about ZIGChain by visiting zigchain.com

About ZIGChain

ZIGChain is a purpose-built Layer 1 blockchain designed to democratize access to investment opportunities, facilitate financial inclusion regardless of income level, technical skill, or geographic location. ZIGChain enables developers and institutions to launch scalable, compliant protocols for profit-sharing, fund tokenization, and real-world asset management.

Its ecosystem includes Zignaly, a licensed social investment platform connecting over 600,000 users with more than 150 professional portfolio managers. ZIGChain also supports Zamanat, the world’s first Shariah-compliant real-world asset (RWA) tokenization platform, combining ethical finance with programmable blockchain infrastructure.

Disclaimer: Zamanat is a separate app built on ZIGChain. ZIGChain itself is not a Shariah compliant blockchain network.

For more information about ZIGChain, please visit zigchain.com

Media Contacts:
Jacob Galland

Luna PR
jake@lunapr.io

The MIL Network –
July 2, 2025
MIL-OSI: Blue Navy Recovery Celebrates 200 successful unclaimed property recovery cases in California and Georgia, $6 Million in Recovered Funds

Source: GlobeNewswire (MIL-OSI)

Irvine, CA, July 01, 2025 (GLOBE NEWSWIRE) — Blue Navy Recovery, a leading unclaimed property recovery firm operating in California and Georgia, today announced the successful completion of 200 client claims, totaling over $6 million in recovered funds. This milestone reflects not just the company’s operational efficiency, but also the growing awareness around reclaiming dormant assets that many individuals may not realize are legally theirs.

Service features displayed on Blue Navy Recovery’s website, highlighting unclaimed property recovery support for clients in California and Georgia.

The firm’s approach to unclaimed property recovery is rooted in accessibility, compliance, and clarity. Blue Navy Recovery provides comprehensive support—from document preparation to direct communication with state agencies—removing the burdens typically associated with navigating bureaucratic systems. With no upfront charges and a compensation model based solely on successful recoveries, the service is designed to be risk-free and approachable for claimants at any income level. The company’s recent launch was covered by prominent publishers like Business Insider and Yahoo! Finance.

Blue Navy Recovery has worked with hundreds of individuals who had no prior knowledge that the state was holding funds in their name. These include old bank accounts, unclaimed insurance proceeds, utility refunds, and more. Verified client reviews on platforms like Google and Yelp highlight the impact of Blue Navy’s work. Additionally, those interested in a deeper look at specific case stories can explore verified client experiences shared via publicly available reviews and testimonials.

“Reaching 200 successful cases is a meaningful benchmark,” said David Dorfman, Managing Partner at Blue Navy Recovery. “Every claim represents not just a number, but a person reconnecting with assets that had slipped through the cracks. It’s a privilege to facilitate those outcomes.”

The company was born from firsthand frustration with state-run recovery systems and has since built a streamlined, secure model designed around user ease and institutional trust. Claimants have access to a secure and user-friendly client process and support materials to streamline the process of recovering unclaimed funds within each state’s state-specific recovery process.

To learn more about unclaimed property recovery in California or Georgia, visit Blue Navy Recovery. For a closer look at previous case outcomes and claimant experiences, see Blue Navy Recovery testimonials hosted on the company’s official website.

Overview of Blue Navy Recovery’s mission and unclaimed property recovery services for clients in California and Georgia.

About Blue Navy Recovery

Blue Navy Recovery is a professional unclaimed property recovery firm that helps individuals and families recover lost or forgotten funds held by the state. With deep experience navigating the claims process in California and Georgia, we’ve helped return millions of dollars to rightful owners. We handle the paperwork, follow-ups, and filing — so you don’t have to. Our team only collects a percentage of the recovered amount, with no upfront cost.

Press inquiries

Blue Navy Recovery
https://www.bluenavy.org
David Dorfman
david@bluenavy.org
(619) 215-1972

The MIL Network –

July 2, 2025
MIL-OSI: Blue Navy Recovery Celebrates 200 successful unclaimed property recovery cases in California and Georgia, $6 Million in Recovered Funds

Source: GlobeNewswire (MIL-OSI)

Irvine, CA, July 01, 2025 (GLOBE NEWSWIRE) — Blue Navy Recovery, a leading unclaimed property recovery firm operating in California and Georgia, today announced the successful completion of 200 client claims, totaling over $6 million in recovered funds. This milestone reflects not just the company’s operational efficiency, but also the growing awareness around reclaiming dormant assets that many individuals may not realize are legally theirs.

Service features displayed on Blue Navy Recovery’s website, highlighting unclaimed property recovery support for clients in California and Georgia.

The firm’s approach to unclaimed property recovery is rooted in accessibility, compliance, and clarity. Blue Navy Recovery provides comprehensive support—from document preparation to direct communication with state agencies—removing the burdens typically associated with navigating bureaucratic systems. With no upfront charges and a compensation model based solely on successful recoveries, the service is designed to be risk-free and approachable for claimants at any income level. The company’s recent launch was covered by prominent publishers like Business Insider and Yahoo! Finance.

Blue Navy Recovery has worked with hundreds of individuals who had no prior knowledge that the state was holding funds in their name. These include old bank accounts, unclaimed insurance proceeds, utility refunds, and more. Verified client reviews on platforms like Google and Yelp highlight the impact of Blue Navy’s work. Additionally, those interested in a deeper look at specific case stories can explore verified client experiences shared via publicly available reviews and testimonials.

“Reaching 200 successful cases is a meaningful benchmark,” said David Dorfman, Managing Partner at Blue Navy Recovery. “Every claim represents not just a number, but a person reconnecting with assets that had slipped through the cracks. It’s a privilege to facilitate those outcomes.”

The company was born from firsthand frustration with state-run recovery systems and has since built a streamlined, secure model designed around user ease and institutional trust. Claimants have access to a secure and user-friendly client process and support materials to streamline the process of recovering unclaimed funds within each state’s state-specific recovery process.

To learn more about unclaimed property recovery in California or Georgia, visit Blue Navy Recovery. For a closer look at previous case outcomes and claimant experiences, see Blue Navy Recovery testimonials hosted on the company’s official website.

Overview of Blue Navy Recovery’s mission and unclaimed property recovery services for clients in California and Georgia.

About Blue Navy Recovery

Blue Navy Recovery is a professional unclaimed property recovery firm that helps individuals and families recover lost or forgotten funds held by the state. With deep experience navigating the claims process in California and Georgia, we’ve helped return millions of dollars to rightful owners. We handle the paperwork, follow-ups, and filing — so you don’t have to. Our team only collects a percentage of the recovered amount, with no upfront cost.

Press inquiries

Blue Navy Recovery
https://www.bluenavy.org
David Dorfman
david@bluenavy.org
(619) 215-1972

The MIL Network –

July 2, 2025
MIL-OSI: Riding the Wind and Waves: XRP and DRML Miner Usher in a New Era of Cloud Mining
Source: GlobeNewswire (MIL-OSI)

London, UK, July 01, 2025 (GLOBE NEWSWIRE) — The digital finance landscape is changing rapidly, and so are the income opportunities. At the forefront of this change are XRP and DRML Miner, offering a new way to participate in cryptocurrency mining using cloud mining services. No technical skills, no expensive equipment—just a streamlined way to start generating income from day one.

With cutting-edge infrastructure and user-first policies, DRML Miner and XRP are not just riding the wave of crypto innovation—they’re building the future of mining.

DRML Miner: Powering Passive Income with Zero Upfront Costs

What sets DRML Miner apart is its zero-cost entry model. Unlike traditional mining setups that require a heavy initial investment and deep technical know-how, DRML Miner allows anyone to begin mining instantly, with no financial commitment.

Users can:
- Register within minutes
- Start earning without deposits
- Withdraw daily rewards with ease
- Earn additional income through referrals
The platform is user-friendly, secure, and scalable enough for all people—from crypto newbies to experienced investors.

Consistent Daily Returns, Designed for Growth

The primary appeal of DRML Miner is stable and recurring profit potential. Free-tier users earn daily, while premium plan users can earn up to 8% daily returns, depending on the plan details. Your earnings are deposited daily into your digital wallet, with no need to check. It is a completely automatic setup designed for consistency and transparency in payments.

The structure encourages strategic scaling. Users can start with free mining and gradually upgrade as they grow more confident in the system’s profitability.

Maximize Revenue with a Smart Referral Program

DRML Miner features a multi-level referral system that transforms your network into a reliable income source. Sharing your referral link lets you earn a percentage of your invitees’ profits—creating a self-sustaining cycle of passive revenue.

Unlike platforms with rigid requirements, DRML allows any user to benefit from referrals immediately. No special status or qualifications are needed.

Whether you refer to one person or a hundred, the system tracks and rewards your efforts efficiently.

XRP: The Ultimate Asset for Fast, Efficient Transactions

XRP is more than a digital currency—it’s a powerful asset that enhances cloud mining infrastructure. Known for its speed, low transaction costs, and global reach, XRP ensures that DRML users experience:
- Rapid deposits and withdrawals
- Minimal transaction fees
- Cross-border access without restrictions
- Real-time financial interactions
Its integration into the DRML platform empowers users to access, transfer, and reinvest their profits seamlessly.

Fortified Security and Real-Time Transparency

Trust and security are at the core of DRML Miner’ mission. The platform implements:
- Bank-grade encryption
- Two-factor authentication (2FA)
- Detailed transaction records
- Real-time monitoring dashboards
Users can track performance, withdrawals, and referrals without delay. The platform’s transparent model ensures you remain in control of your finances at every stage.

Global Access with Local Convenience

DRML Miner is built for accessibility. There are no regional restrictions, making it available to a truly global audience. Any individual with an internet connection can join and begin mining.

The path to global access is paired with a multilingual interface and professional response support, allowing people from different parts of the world to have the experience they desire.

Cloud mining is now available to all users, from humble beginnings on a mountaintop to every major city in the world. It’s an opportunity open to all.

Eco-Friendly and Scalable by Design

Beyond profitability, DRML Miner aligns with today’s sustainable tech goals. Cloud mining absolutely cuts down energy consumption, and eliminates hardware waste and wasted electricity.

The system scales easily as demand increases, allowing thousands of users to mine at the same time without hindering performance and retained returns.

Get Started: Simple Steps to Financial Freedom

Embarking on your cloud mining journey with DRML Miner takes just a few steps:
1. Create an account on the platform.
2. Begin mining immediately as a free user.
3. Choose to upgrade for higher daily returns.
4. Share your referral link to grow your income.
5. Withdraw earnings anytime, instantly and securely.
It’s a future-proof model, eliminating the friction that has historically discouraged people from entering the crypto mining space.

Conclusion: Embrace a Smarter, More Inclusive Mining Economy

DRML Miner and XRP are building the future of cloud mining. This platform offers transparency, speed, and low-risk income for everyone—whether you’re a beginner or a pro.

It’s not just another crypto service. It’s a step forward into a more inclusive and profitable mining economy.

Start your journey now. Visit https://drmlminer.com and unlock daily rewards without investment.

Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

The MIL Network –
July 2, 2025
MIL-OSI: JA Mining Launches Advanced Cloud Mining Platform to Democratize Profitability
Source: GlobeNewswire (MIL-OSI)

LONDON, UK, July 01, 2025 (GLOBE NEWSWIRE) — JA Mining, officially JA Financial Services Ltd, a reputable UK company with FCA certification, was established in 2004. It has now confirmed that it is offering extra services. The site will provide a secure and easy means for individuals to invest in cryptocurrency mining and earn money passively. This will be a new standard for equitable profit-sharing in the global cloud mining market.

JA Mining is looking to provide a new mining experience with the latest ASIC and GPU mining hardware and a very simple interface. The platform is designed to remove the ‘pain points’ of cryptocurrency mining, which are buying of equipment, regular maintenance, and high energy costs, which lead to unnecessary energy expenses. Consequently, users can easily increase their digital portfolios.

“Our mission at JA Mining has always been to make the immense potential of cryptocurrency mining accessible to everyone, regardless of their technical expertise or investment size,” stated a spokesperson for JA Mining. ” We believe our progressive approach, modern facilities, and transparency mean we have a unique opportunity to support everyone in finding another way to increase their wealth and participate in a fairer digital economy.”

Key Perks of Choosing JA Mining:
- AI-Powered Optimization: Based on present time market variations and computing conditions, a modern autonomous system is enhanced by JAMining to strongly choose the most profitable coins and tactics. No matter the changing market conditions, our expert system aims to increase profits while staying efficient.
- Sustainable and Eco-Friendly Operations: JA Mining has more than 100 data centers in Europe, North America, and Asia, which use clean energy from sources like solar and wind. This eco-friendly method helps the environment and improves efficiency over time.
- Stable User Experience: Getting started is as simple as a few clicks, thanks to the user-friendly design. Users can choose from a variety of mining contracts, including Bitcoin, Ethereum, Litecoin, and Dogecoin, and begin earning daily rewards directly to their accounts. No hardware or technical setup is necessary.
- Robust Security Measures: It emphasizes the security of user funds and data as the platform implements multi-layer security protocols, including cold wallet storage for most funds, and it is also protected by industry-leading solutions like McAfee® and Cloudflare®.
- Bonus and Referral Rewards for New Users: For referring your friends to the platform, users can earn upto bonuses of 5% to 7% as a part of this referral scheme. JA Mining is also giving a $100 bonus to every new user when they sign up.
- FCA-Certified and Transparent: JAMining strictly follows all regulatory guidelines as an FCA-approved provider, which fosters an open, compliant operating environment for our international users.
JA Mining’s continuous innovation and dedication to a user-first approach underscore its position as a leader in the cloud mining industry, enabling more individuals to participate in and benefit from the growth of digital assets.

About JA Mining: Headquartered in the United Kingdom, and FCA-certified cloud mining provider JA Mining (JA Financial Services Ltd.), the company has provided safe and profitable ways to invest in cryptocurrency mining since 2004. They focus on being naturally friendly and making it easy for users. It operates energy-saving data centers around the world and offers a platform where users can easily earn money from algorithmic resources.

To get started or learn more, visit jamining.com

Media Contact:
Full Name: Anna W Hitchens
Position: Manager
Phone: +44 7751696528
Email: info@jamining.com
Website: https://jamining.com

Company Address:
JA Financial Services Limited, 11 The Elms, Leek Wootton, Warwick, England, CV35 7RR, London, UK

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The MIL Network –
July 2, 2025
MIL-OSI Global: Toxic fungus from King Tutankhamun’s tomb yields cancer-fighting compounds – new study

Source: The Conversation – UK – By Justin Stebbing, Professor of Biomedical Sciences, Anglia Ruskin University

Miro Varcek / Shutterstock.com

In November 1922, archaeologist Howard Carter peered through a small hole into the sealed tomb of King Tutankhamun. When asked if he could see anything, he replied: “Yes, wonderful things.” Within months, however, Carter’s financial backer Lord Carnarvon was dead from a mysterious illness. Over the following years, several other members of the excavation team would meet similar fates, fuelling legends of the “pharaoh’s curse” that have captivated the public imagination for just over a century.

For decades, these mysterious deaths were attributed to supernatural forces. But modern science has revealed a more likely culprit: a toxic fungus known as Aspergillus flavus. Now, in an unexpected twist, this same deadly organism is being transformed into a powerful new weapon in the fight against cancer.

Aspergillus flavus is a common mould found in soil, decaying vegetation and stored grains. It is infamous for its ability to survive in harsh environments, including the sealed chambers of ancient tombs, where it can lie dormant for thousands of years.

When disturbed, the fungus releases spores that can cause severe respiratory infections, particularly in people with weakened immune systems. This may explain the so-called “curse” of King Tutankhamun and similar incidents, such as the deaths of several scientists who entered the tomb of Casimir IV in Poland in the 1970s. In both cases, investigations later found that A flavus was present, and its toxins were probably responsible for the illnesses and deaths.

Despite its deadly reputation, Aspergillus flavus is now at the centre of a remarkable scientific finding. Researchers at the University of Pennsylvania have discovered that this fungus produces a unique class of molecules with the potential to fight cancer.

These molecules belong to a group called ribosomally synthesised and post-translationally modified peptides, or RiPPs. RiPPs are made by the ribosome – the cell’s protein factory – and are later chemically altered to enhance their function.

While thousands of RiPPs have been identified in bacteria, only a handful have been found in fungi – until now.

The process of finding these fungal RiPPs was far from simple. The research team screened a dozen different strains or types of aspergillus, searching for chemical clues that might indicate the presence of these promising molecules. Aspergillus flavus quickly stood out as a prime candidate.

The researchers compared the chemicals from different fungal strains to known RiPP compounds and found promising matches. To confirm their discovery, they switched off the relevant genes and, sure enough, the target chemicals vanished, proving they had found the source.

Purifying these chemicals proved to be a significant challenge. However, this complexity is also what gives fungal RiPPs their remarkable biological activity.

The team eventually succeeded in isolating four different RiPPs from Aspergillus flavus. These molecules shared a unique structure of interlocking rings, a feature that had never been described before. The researchers named these new compounds “asperigimycins”, after the fungus in which they were found.

The next step was to test these asperigimycins against human cancer cells. In some cases, they stopped the growth of cancer cells, suggesting that asperigimycins could one day become a new treatment for certain types of cancer.

The team also worked out how these chemicals get inside cancer cells. This discovery is significant because many chemicals, like asperigimycins, have medicinal properties but struggle to enter cells in large enough quantities to be useful. Knowing that particular fats (lipids) can enhance this process gives scientists a new tool for drug development.

Further experiments revealed that asperigimycins probably disrupt the process of cell division in cancer cells. Cancer cells divide uncontrollably, and these compounds appear to block the formation of microtubules, the scaffolding inside cells that are essential for cell division.

Tremendous untapped potential

This disruption is specific to certain types of cells, so this may in turn reduce the risk of side-effects. But the discovery of asperigimycins is just the beginning. The researchers also identified similar clusters of genes in other fungi, suggesting that many more fungal RiPPs remain to be discovered.

Almost all the fungal RiPPs found so far have strong biological activity, making this an area with tremendous untapped potential. The next step is to test asperigimycins in other systems and models, with the hope of eventually moving to human clinical trials. If successful, these molecules could join the ranks of other fungal-derived medicines, such as penicillin, which revolutionised modern medicine.

The story of Aspergillus flavus is a powerful example of how nature can be both a source of danger and a wellspring of healing. For centuries, this fungus was feared as a silent killer lurking in ancient tombs, responsible for mysterious deaths and the legend of the pharaoh’s curse. Today, scientists are turning that fear into hope, harnessing the same deadly spores to create life-saving medicines.

This transformation, from curse to cure, highlights the importance of continued exploration and innovation in the natural world. Nature has in fact provided us with an incredible pharmacy, filled with compounds that can heal as well as harm. It is up to scientists and engineers to uncover these secrets, using the latest technologies to identify, modify and test new molecules for their potential to treat disease.

The discovery of asperigimycins is a reminder that even the most unlikely sources – such as a toxic tomb fungus – can hold the key to revolutionary new treatments. As researchers continue to explore the hidden world of fungi, who knows what other medical breakthroughs may lie just beneath the surface?

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

– ref. Toxic fungus from King Tutankhamun’s tomb yields cancer-fighting compounds – new study – https://theconversation.com/toxic-fungus-from-king-tutankhamuns-tomb-yields-cancer-fighting-compounds-new-study-259706

MIL OSI – Global Reports –

July 2, 2025
MIL-OSI Global: Why Asos should be wary of banning customers returning unwanted goods

Source: The Conversation – UK – By Nic Sanders, Senior Lecturer in Management and Marketing, University of Westminster

‘Now where’s that returns label?’ Cast of Thousands.Shutterstock

Shopping for clothes online is a risky business. How do you know if that top will be a good fit, or those shoes will definitely be the right colour? One popular solution to this predicament is to order lots of tops and lots of shoes, try them on at home, and send back all the ones you don’t want – often at no cost.

But that tactic can be expensive for the fashion retailer, which needs to pay for all those deliveries and returns. And now Asos, which sends millions of shipments every month, has started banning some customers for over-returning items – prompting something of a backlash.

The response by the retail giant, which says it wants to maintain a “commitment to offering free returns to all customers across all core markets”, also raises questions about the sustainability of the online fashion business model which Asos helped to create.

Many online retailers rely on the emotional highs of shopping. The excitement of placing an order, the anticipation of delivery, and the dopamine hit of unpacking a purchase is central to its popular customer experience.

Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

Online shopping generally has thrived on impulsive buying, with the option of returning items treated as a normal part of the process. Of course, even in the days before online shopping there would be customers who routinely returned items.

But by digitising and simplifying the process, the likes of Asos have helped this to happen on a massive scale. Shoppers have become completely used to ordering multiple sizes or styles with the express intention of returning most of the items they receive. Their homes effectively become fitting rooms.

And those customers could reasonably argue that online retailers often use digital strategies which encourage multi-item purchases.

Some sites remind shoppers of recently viewed products and provide suggestions of similar items, for example. There may be are prompts and nudges towards clothes which are frequently bought together.

Items are then sometimes temporarily reserved in a shopper’s basket for 60 minutes, creating a sense of urgency. Targeted emails and limited time offers drive bulging shopping baskets, encouraging more risk purchases and returns.

Yet returned items carry a significant cost. They may be unfit for resale and ultimately disposed of, which beyond the financial burden, has an environmental price.

In addition to creating landfill, each delivery and return has a carbon footprint. And although many younger consumers express support for sustainable practices, their buying behaviour continues to prioritise price and convenience.

But free returns have become part of the online fashion industry landscape. Research suggests that customers are simply more likely to buy something if returns are free.

And today’s tricky financial climate, marked by inflation and rising living costs will surely have made consumers even more cautious. Many will be reluctant to buy items that incur delivery and return costs.

Shopping around

Frustrations can then arise from unclear return policies, often buried in lengthy terms and conditions documents. Some of those banned by Asos say they were confused about the rules.

Automated customer service systems offering generic responses may then leave shoppers with no clear way to challenge these decisions.

Perhaps the wider issue here is that online shopping cannot fully replicate the benefits of shopping in store. In physical shops, customers can try on items before deciding.

But online, this can’t happen, so returns become fundamental to the decision-making process. For cost-conscious shoppers, avoiding unnecessary spending is essential. But if returns policies become harder to access, they may turn to other retailers which offer more certainty.

Return to sender?
A08/Shutterstock

For example, retailers such as Zara and H&M, with a business model which mixes online convenience with a high street (or shopping mall) presence, offer the option to order online and then return in person.

This hybrid (or “omni-channel”) model appears to be driving consumers to physical shops for a blended experience which provides convenience and helps reduce return costs.

For Asos, doing something similar would require major investment (in bricks and mortar) and increased operational costs – so is perhaps an unlikely solution for the company.

But to balance sustainability, cost and customer satisfaction, Asos could explore other options. These might include clearer, more visible communication regarding “fair use” policies and their consequences. It could aim for more human interactions and better dialogue with customers it plans to ban.

Offering physical retail locations or return collection points to simplify the process and reduce the environmental impact and costs will provide customer flexibility. Overall, these areas will help create a better customer service experience.

Ultimately, Asos and other similar online clothing retailers must evolve. With changing consumer expectations, a challenging economic climate and rising operational costs, the model that defined these retailers’ early success cannot remain unchanged.

If they make adjustments, they may emerge stronger. If they do not, they risk sparking a customer exodus that would be hard to reverse.

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

– ref. Why Asos should be wary of banning customers returning unwanted goods – https://theconversation.com/why-asos-should-be-wary-of-banning-customers-returning-unwanted-goods-259952

MIL OSI – Global Reports –

July 2, 2025
MIL-OSI USA: GOP Votes Down Warnock Amendment to Save Georgia Jobs, Protect Rural Manufacturing Boom

US Senate News:

Source: United States Senator Reverend Raphael Warnock – Georgia

GOP Votes Down Warnock Amendment to Save Georgia Jobs, Protect Rural Manufacturing Boom

Senator Reverend Warnock took to the Senate floor to offer a bipartisan amendment to protect hundreds of thousands of clean energy jobs across the country
Senator Warnock was instrumental in passing these clean energy tax credits, which are responsible for 42,000 good-paying jobs in Georgia
In his effort to save these Georgia jobs, Senator Warnock penned an op-ed in the AJC, held a press conference in Savannah, and published a report on the risks posed to Georgia should the tax credits be repealed
Senator Reverend Warnock: “Those 42,000 Georgia jobs and hundreds of thousands of jobs nationwide are at risk if Republicans have their way and roll back these tax credits”
Washington, D.C. – Today, U.S. Senator Reverend Raphael Warnock (D-GA) took to the floor of the United States Senate to urge his GOP colleagues to pass a bipartisan amendment to protect hundreds of thousands of jobs in communities across the country. Senate Republicans voted down his motion by a vote of 48-51.
As currently written, the GOP spending bill would eliminate many of the clean energy tax credits included in the Inflation Reduction Act (IRA) that have brought a manufacturing boom to communities across the U.S.
“Mr. President, I rise to protect pro-business tax credits that are creating hundreds of thousands of American jobs, many of which don’t require a college degree…” said Senator Warnock. “42,000 Georgia jobs and hundreds of thousands of jobs nationwide are at risk if Republicans have their way and roll back these tax credits.”
Senator Warnock has warned his colleagues repeatedly of the risks that repealing clean energy tax credits will have on Americans across the country. In May, Senator Warnock published a report highlighting the impact that the cuts would have on Georgia and its economy. The Senator followed his report with a press conference in Savannah at the Georgia Ports Authority warning of the impact on rural communities and an op-ed in the Atlanta Journal-Constitution. Georgia is the single largest recipient of IRA tax credits in the U.S., with over $28 billion in investment, 42,000 jobs, and 51 projects announced in the state.
The Warnock Amendment would force the Senate to reconsider its current path toward repealing the clean energy tax credits in the GOP spending bill by returning the bill to the Senate Finance Committee for additional consideration.
In recent days, a bipartisan push urging GOP senators to reverse their proposed cuts has swept the country. Last week, Georgia lawmakers sent a letter to Senate Finance Committee Chairman Mike Crapo (R-ID) asking him to reconsider his support for the rollback of solar energy tax credits, writing: “We urge you not to weaken the tax credits, as doing so would only harm the manufacturing renaissance in Georgia while creating opportunities for Chinese companies to take over the solar industry.”
Nationwide analyses show that the “vast majority” of projects announced following the passage of the clean energy tax credits have been investments in Congressional districts currently held by Republicans. This is particularly true in Georgia where 83 percent of the projects, 94 percent of the total investment, and 75 percent of the jobs are in Republican districts. More than 95 percent of the new jobs and investments are in counties where the percentage of people with a bachelor’s degree is below the national average.
Full remarks available below:
Mr. President. I rise to protect pro-business, pro-worker tax credits that are creating hundreds of thousands of American clean energy manufacturing jobs, many of which don’t require a college degree.
Put simply, these tax credits are working: I know firsthand because they’re working right now in Georgia.
Businesses which we’ve invested $1 [federally], we’ve seen [private] investments as much as $4.50.
They’ve helped create 42,000 new manufacturing and construction jobs, many in rural parts of our state that are too often left behind by Washington politicians. Those 42,000 Georgia jobs and hundreds of thousands of jobs nationwide are at risk if Republicans have their way and roll back these tax credits.
That’s why North America’s Building Trades Unions called this bill the “biggest job-killing bill in the history of this country.”
I urge my colleagues to vote with America’s workers and vote YES on my Motion to Commit.

MIL OSI USA News –

July 2, 2025
MIL-OSI: Maris-Tech Expands Asia-Pacific Reach with New Distribution Agreement in Singapore

Source: GlobeNewswire (MIL-OSI)

Distribution Agreement with Precision Technologies Strengthens Presence in Key Defense and Security Markets

Rehovot, Israel, July 01, 2025 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (“AI”)- based edge computing technology, today announced that it has entered into a distribution agreement with Precision Technologies Pte Ltd. (“Precision Technologies”), a leading Singapore-based supplier of cutting-edge defense and security solutions.

The agreement marks an important milestone for Maris-Tech as it continues to expand its global footprint by strengthening its presence in the Asia-Pacific region. Under the terms of the agreement, Precision Technologies will promote and distribute the Company’s full range of video-based edge AI computing solutions, serving key markets including defense, homeland security, aerospace, and commercial sectors throughout Singapore.

“Collaborating with a respected and established player like Precision Technologies is an important milestone for Maris-Tech,” said Israel Bar, Chief Executive Officer of Maris-Tech. “The Asia-Pacific region is a key growth area, and we believe that this collaboration represents a strong vote of confidence in our technology and products. We believe that customers in this region will greatly benefit from our advanced solutions for AI-powered video intelligence and edge computing.”

About Maris-Tech Ltd.

Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israeli technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS), and communication industries. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.

For more information, visit https://www.maris-tech.com/

Forward-Looking Statement Disclaimer

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect”,” “may”, “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, the Company is using forward-looking statements when it is discussing the Company’s growth strategy and presence in the Asia-Pacific region; potential benefits of the collaboration between the Company and Precision Technologies; and that customers in the Asia-Pacific region will greatly benefit from the Company’s advanced solutions for AI-powered video intelligence and edge computing. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: its ability to successfully market its products and services, including in the United States; the acceptance of its products and services by customers; its continued ability to pay operating costs and ability to meet demand for its products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; its ability to successfully develop new products and services; its success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; its ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investor Relations:

Nir Bussy, CFO
Tel: +972-72-2424022
Nir@maris-tech.com

The MIL Network –

July 2, 2025
MIL-OSI Video: Launch of the Sevilla Platform for Action – UN Chief remarks | #FFD4 | United Nations

Source: United Nations (video statements)

Remarks by António Guterres, Secretary-General of the United Nations, at the Launch of the Sevilla Platform for Action – 4th International Conference on Financing for Development FFD4 (Sevilla, Spain).

“Mr. President of the Government of Spain, dear Pedro Sánchez,

Excellencies, ladies and gentlemen,

Thank you for joining this launch of the Sevilla Platform for Action.

Respected President of the Government of Spain — I commend you and your government for your vision and leadership as hosts of the Fourth International Conference on Financing for Development.

We are all here to respond to a global development crisis that threatens people and planet alike.

Our roadmap to a better future — the Sustainable Development Goals — is in danger.

Two-thirds of the targets are not progressing fast enough — or at all.

Solutions depend on financing.

Developing countries need over $4 trillion a year to deliver on the 2030 Agenda.

But they are being battered by limited fiscal space, slowing growth, crushing debt burdens and growing systemic risks.

The Sevilla Commitment document represents a bold plan to get the engine of development revving again:

Through new domestic and global commitments that can channel public and private finance to the areas of greatest need…

By overhauling the world’s approach to debt to make borrowing work in service of sustainable development…

And by reforming the global financial architecture to reflect today’s realities and the urgent needs of developing countries.

But we need all hands on deck.

And that’s why the Sevilla Platform for Action is so critical — and so significant.

In the midst of a world of division, conflict and economic uncertainty, this Platform contains more than 130 specific initiatives that demonstrate what we can achieve by working together.

Governments, private sector partners, international institutions, and civil society groups all together are teaming up to launch high-impact initiatives to bring the Sevilla Commitment to life.

This includes a global hub for debt swaps at the World Bank as part of a broader facility aimed at relieving liquidity constraints and lowering the cost of borrowing.

A debt pause alliance to help countries in times of crisis.

A global coalition to scale-up pre-arranged finance that can be readily deployed when disasters strike.

A blended finance platform to bring public and private finance together in a new and expanded way.

A new tool for Multilateral Development Banks to manage currency risks.

And a commission to explore the future of development cooperation.

In December, I appointed a group of experts on debt who today are announcing 11 immediately actionable proposals to help resolve the debt crisis.

This includes the commitment to establish a borrowers forum for countries to learn from one another and coordinate their approaches in debt management and restructuring.

I look forward to working closely with Member States — including the G20 — to bring this forum to life, to empower borrower countries, and create a fairer system.

Excellencies, ladies and gentlemen,

The Sevilla Platform for Action offers an ambitious, action-oriented response to the global financing challenge.

It provides a springboard toward a more just, inclusive, and sustainable world for all countries.

And above all, it proves that progress and change are possible if we work together.

I hope the Platform inspires countries to work as one to tackle other challenges facing our world today.

Once again, I thank Prime Minister Sánchez and all of you for your leadership.

Thank you”.

https://www.youtube.com/watch?v=Wh9SxgKKHmw

MIL OSI Video –

July 2, 2025
MIL-OSI: LPL Financial Welcomes Resilient Wealth Management

Source: GlobeNewswire (MIL-OSI)

SAN DIEGO, July 01, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisor Brandon Dixon-James, CFP^®, has joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms to launch Resilient Wealth Management. He reported serving approximately $250 million in advisory, brokerage and retirement plan assets* and joins LPL from Osaic.

Based in Fresno, Calif., Dixon-James founded Resilient Wealth Management in 2020 with the goal of providing his clients, who are mostly nearing or in retirement, with personalized support and dedicated guidance to help them pursue their fiscal goals. Supported by his team — Director of Client Events and Dixon-James’ wife Nicole James, Operations Associate Edith Corrales and Front Office Representative Amelia Kitchens — Dixon-James takes a holistic approach to wealth management. Through high-touch, high-engagement service, he offers personalized, strategic and empathetic advice tailored to his clients’ individual goals and circumstances.

“Our team seeks to redefine financial relationships by fostering an environment where inclusivity, clarity and dedication promote collaborative growth and help enable financial success,” Dixon-James said. “Just as the name of our firm represents, we believe in walking in lockstep with our clients, helping them navigate financial challenges and surprises and ultimately strengthening their financial well-being and ability to recover from unexpected events.”

Looking for improved technology and the opportunity to provide an elevated client experience, Dixon-James embarked on an extensive due diligence process that led him and his team to LPL.

“Making the move to LPL is an incredible opportunity for me to create the best version of my business,” Dixon-James said. “From LPL’s integrated and streamlined technology to the fact that they are self-clearing, everything LPL offers is with advisors in mind. But what solidified my decision to move to LPL is their commitment to the communities they serve and the fact they offer various Financial Advisor Inclusion programs, like the Black Financial Advisor Community.”

Outside of the office, Dixon-James enjoys spending time with his wife and two children. Together, they are active in their church and enjoy spending time supporting their children’s interests and sports. Dixon-James also shares a passion for giving back to his surrounding community. He’s an active volunteer in Fresno-area underserved communities and regularly offers financial literacy courses to young people. He is a member of Kappa Alpha Psi Fraternity, Inc., and volunteers for the CFP Board Center for Financial Planning.

Scott Posner, LPL Managing Director, Business Development, said, “We welcome Brandon, Nicole, Edith and Amelia to LPL and congratulate them on this next chapter of their business. LPL is committed to delivering innovative technology and comprehensive business solutions to help advisors differentiate their practices and increase value for their clients. We look forward to supporting Resilient Wealth Management for years to come.”

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 over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 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 LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC. Resilient Wealth Management and LPL Financial 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 as reported to LPL

Media Contact:
Media.relations@LPLFinancial.com

Tracking #758218

The MIL Network –

July 2, 2025
MIL-OSI: FINDMINING launches free cloud mining service with zero threshold, taking advantage of the bull market of BTC, DOGE and XRP
Source: GlobeNewswire (MIL-OSI)

Los Angeles, California, July 01, 2025 (GLOBE NEWSWIRE) — With Bitcoin (BTC) returning to above $108,000 recently, and Dogecoin (DOGE) and Ripple (XRP) reaching new highs in market activity, the cryptocurrency mining track has once again attracted the attention of retail and institutional investors around the world. Against this backdrop, UK-certified FINDMINING is rapidly rising, becoming a new outlet for retail investors to participate in crypto mining with its secure, flexible, and zero upfront cost cloud mining solutions.

For a long time, traditional crypto mining has been regarded as a “game of capital and technology”. The high investment in mining machines, complex configuration and huge electricity consumption have discouraged ordinary users.The emergence of FINDMINING, with its new model of “0 equipment investment, free trial and stable income”, has lowered the threshold for participation for ordinary investors, making mining a truly popular passive income channel.

Key highlights of FINDMINING:

✅ Double security escort：
FINDMINING integrates McAfee® and Cloudflare® protection to defend against hackers and network attacks in real time, ensuring the safety of user data and mining assets.

✅ Free trial, zero management fee:
Unlike traditional mining pools that often start with hundreds of dollars FINDMINING provides new users with a $15 registration bonus and $0.6 in free mining income per day, without charging any hidden fees or management fees, truly achieving transparent operations.

✅100% uptime, 24/7 support:
FINDMINING promises uninterrupted cloud computing operation throughout the year and provides 24/7 technical support, allowing users to keep abreast of mining trends and easily manage their earnings.

✅ Multi-currency support, keeping up with market trends:
In addition to BTC, DOGE, and XRP, FINDMINING also supports 13 mainstream digital currencies such as Litecoin (LTC) and Ethereum (ETH). Users can flexibly switch mining currencies according to market conditions and seize hot bonuses.

It only takes three steps to register for mining and catch up with the bull market bonus

1️⃣ Register an account：All you need is an email address, 1 minute to sign up and get a $15 starter bonus.

2️⃣ Select the hash rate contract：Flexible short-term and long-term contracts are available for users to choose from, with a minimum investment of as low as $100. Profits are settled daily and can be reinvested or withdrawn at any time.

3️⃣ Real-time monitoring and withdrawal：Through the FINDMINING dashboard, you can keep track of the computing power status and income details at any time, support daily fast withdrawals, and truly realize passive income flow.

Examples of popular computing power contracts (latest as of 2025):
- LTC, DOGE basic computing power: starting from $100, 2-day contract, daily income of $4, expiration income of $108
- DOGE stable computing power：Starting from $500, 5-day contract, daily profit of $6.5, expiration profit of $532.5
- BTC, XRP, LTC advanced computing power：$5,000, 25-day contract, daily profit $66, expiration profit $6,650
- BTC high-quality computing power：$12,000, 40-day contract, daily profit $157.2, expiration profit $17,816
More flexible contracts can be found on the FINDMINING official website（https://findmining.com）to view.

Following the market trend, FINDMINING may become the next “dark horse of cloud mining”

Since 2025, the continued influx of Bitcoin ETFs around the world and the clarification of blockchain regulatory frameworks by central banks around the world have brought cryptocurrencies back into the public eye.With the recovery of institutional demand and the superposition of retail investors’ FOMO sentiment, the on-chain activity of mainstream currencies such as BTC, DOGE, and XRP has reached new highs, and the potential profit space for mining has also increased accordingly.

In this context, FINDMINING takes compliance, flexibility and sustainability as its core strengths:
- As a platform registered and certified in the UK, FINDMINING’s compliance endorsement provides strong protection for the security of user funds.
- Its “zero equipment investment and free trial” model significantly reduces the user’s trial and error costs, and is particularly suitable for crypto novices who are just entering the market.
- The cloud computing center adopts a green energy power supply solution, which is more environmentally friendly and sustainable than traditional high-energy consumption mining machines, and is in line with the current global policy orientation towards a low-carbon economy.
Conclusion

As Bitcoin once again reaches its all-time high and the trading volume of popular currencies such as DOGE and XRP soars, more and more users are beginning to regard cloud mining as part of their crypto asset portfolio.The emergence of FINDMINING not only lowers the entry threshold, but also provides a flexible, secure and predictable profit model, and is expected to occupy a place in the new round of changes in the crypto mining industry in 2025.

Visit the official website now https://findmining.com Or download the FINDMINING mobile app https://findmining.com#app , get computing power for free and start your passive mining journey!

Contact Details：info@findmining.com

Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

Attachment
- FINDMINING
The MIL Network –
July 2, 2025

MIL-OSI: DEAL Mining obtains MSB license and ranks among the global cloud computing power rankings

Source: GlobeNewswire (MIL-OSI)

San Francisco, CA, July 01, 2025 (GLOBE NEWSWIRE) — As a globally trusted cloud mining platform, DEAL Mining has officially obtained a Money Services Business (MSB) license issued by FinCEN, marking its full compliance with international financial regulatory standards.
In 2025, DEAL Mining also topped the global cloud mining efficiency and security rankings with its investment in green energy, artificial intelligence mining infrastructure, and a strong fund protection system.
These two honors highlight DEAL Mining’s commitment to transparency, legal compliance, and providing safe, efficient, and sustainable passive income opportunities for users around the world.
Today, DEAL Mining serves more than 9 million users in more than 190 countries. DEAL Mining is redefining the way individuals and institutions participate in the digital asset economy by complying with the law, focusing on environmental sustainability, and long-term profitability.

DEAL Mining’s platform features and advantages

Registration rewards and alliance mechanism: New users will receive a $15 bonus upon registration, and daily sign-in will get additional rewards, with promotion rebates up to 4.5%.

Multi-currency support and flexible recharge: Supports recharge and withdrawal of more than ten mainstream cryptocurrencies such as BTC, ETH, DOGE, LTC, USDT, USDC, BNB, XRP, SOL, etc.

High-level security protection: Adopts EV SSL encryption, McAfee and Cloudflare dual protection, and fully encrypts user funds and data.

24/7 customer service support: Provides 24-hour manual customer service, fast response, and supports global users to consult and solve problems at any time.

Zero equipment threshold, easy operation: Users do not need to buy mining machines or master professional skills, just register and select contracts to start daily mining income.

Stable passive income, rich contracts: Provides different levels of contract plans, high and stable daily income, suitable for novice and senior investors.

The ideal contract plan for all investors

Mining Plan	Investment ($)	Profit ($)	Contract Days	Daily Profit ($)
M30s++ (BTC)	100	8	2	4.0
A1326-109T (DOGE)	500	30	5	6.0
M60 (BTC)	1000	126	10	12.6
S21 Pro (DOGE)	3500	924	20	46.2
M63S+ (BTC)	6000	2184	26	84.0
S19 XP+ Hyd	10000	4805	31	155.0
S21 XP+ Hyd	15000	8910	36	247.5

For example, taking the S19 XP+ Hyd contract as an example, the investor initially invests $10,000, with a daily interest rate of 1.55%, 31 days (daily income of $155), and the total income after 31 days is $14,805 (10,000 principal return + $4,805 profit). For a complete list of stable income contracts, please visit the company’s official website: https://DEALMining.com

Looking to the future

DEAL Mining will continue to increase investment in green energy, intelligent algorithms and global compliance layout, continue to optimize user experience, lower the threshold for participation, and allow more people to easily and safely participate in the growth of crypto assets.
In this digital age full of opportunities and challenges, DEAL Mining is not only a one-stop cloud mining service platform, but also an important bridge between users and crypto wealth.
Deal Mining is firmly compliant, innovation-driven, and user-centric, leading a digital income revolution that belongs to the future.

About DEALMining

Founded in 2016 and headquartered in the UK, DEAL Mining is a global leader in smart cloud mining solutions. The platform uses clean energy and AI-driven mining infrastructure to provide users with an efficient and low-threshold way to earn passive income from cryptocurrencies.
With industry-grade security, 24/7 customer support and a fully transparent profit model, DEAL Mining continues to empower users around the world to help them mine smarter, profit faster, and accumulate cryptocurrency wealth more safely.
For more information, please visit https://DEALmining.com or contact info@DEALmining.com
Mobile APP download: https://dealmining.com/xml/index.html#/app

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DEALMingin

The MIL Network –

July 2, 2025

MIL-OSI: Morgan Auto Group Adopts Point Predictive’s BorrowerCheck and IEValidate at 77 dealerships to Combat Fraud And Costly Buybacks
Source: GlobeNewswire (MIL-OSI)

SAN DIEGO, July 01, 2025 (GLOBE NEWSWIRE) — Point Predictive, the leader in artificial intelligence solutions for consumer lending, today announced a strategic partnership with Morgan Auto Group, one of the nation’s largest automotive dealer groups with 77 dealerships across Florida. The collaboration integrates Point Predictive’s BorrowerCheck™ and IEValidate™ solutions, giving Morgan Auto Group comprehensive fraud detection capabilities and frictionless income and employment validation.

The partnership comes as dealers face an alarming surge in identity, income, and employment fraud schemes over the past year alone. Point Predictive’s 2025 analysis reveals dealers increasingly bear the financial burden of $9.2 million in auto loan fraud annually. With the typical fraud-related buyback now averaging $27,500 per incident, dealers who haven’t updated their fraud prevention tools face potentially significant financial exposure that market leaders are already protecting against.

“BorrowerCheck gives us unprecedented protection against fraud schemes that traditionally lead to costly buybacks,” said Brett Morgan, CEO of Morgan Auto Group. “With red flags and alerts that cover identity, income, and employment, we can use the expanded data insights to service our car buyers more efficiently and safely. This technology helps us confidently get legitimate buyers the financing they need faster while significantly reducing our exposure to fraud.”

The implementation of these solutions delivers three transformative benefits to Morgan Auto Group:
- Slash Fraud Losses – Prevents 90% of fraud typically missed by traditional methods, dramatically reducing costly buybacks from lenders.
- Accelerates Customer Verification – Replaces 5-minute knowledge-based surveys with 20-second SMS verification, eliminating friction that drives customers away.
- Eliminates Income & Employment Documentation Hassles – Validates income and employment against data containing over 23 million+ employers and 312 million+ income reports instantly without paystub requirements, while screening against 14,000+ known fake employers.
“This partnership with Morgan Auto Group demonstrates our commitment to protecting dealerships from the growing wave of fraud affecting the auto industry,” said Tim Grace, CEO of Point Predictive. “By combining BorrowerCheck’s comprehensive fraud detection with IEValidate’s frictionless income verification, we’re providing Morgan with the tools to significantly reduce buyback risk while creating a seamless experience for legitimate buyers.”

BorrowerCheck transforms the car buying process through a comprehensive fraud detection platform. The solution identifies potential fraud across multiple dimensions—including identity theft, synthetic identities, and income misrepresentation—while replacing cumbersome knowledge-based surveys with a simple one-time passcode sent directly to the customer’s phone.

IEValidate eliminates the need for dealers to collect and verify paystubs. IEValidate instantly validates income, occupation, and employment history by cross-referencing Point Predictive’s proprietary database of more than 312 million income reports and 23 million employers. These solutions allow dealers to simultaneously reduce fraud losses while removing the friction points that traditionally drive customers away.

As one of the automotive industry’s most forward-thinking leaders, Morgan Auto Group continues to set the benchmark for running a profitable and safe dealership operation. While many dealers still rely on outdated fraud detection methods developed decades ago, Morgan Auto Group’s approach is positioning them to capture market share safely from other dealerships. This strategic investment in fraud prevention technology not only protects their impressive 77-dealership operation but also reaffirms their reputation as the dealership group that others look to for tomorrow’s best practices.

About Point Predictive

Point Predictive powers a new level of lending confidence and speed through artificial intelligence, powerful data insight from our proprietary data repository, and decades of risk management expertise. The company’s data and technology solutions quickly and accurately identify truthful and untruthful disclosures on loan applications. As a result, lenders can fund most loans without requiring onerous documentation, such as pay stubs, utility bills, or bank statements, improving funding rates while reducing early payment default losses. Subsequently, borrowers get loans faster, and lenders realize a more profitable bottom line. For more information, please visit www.pointpredictive.com.

About Morgan Auto Group

Morgan Auto Group is one of the largest automotive dealer groups in the nation, with dealerships across Florida offering a wide selection of new and pre-owned vehicles. The group is committed to providing exceptional customer service and creating a streamlined, enjoyable car-buying experience. Morgan Auto Group’s dedication to innovation and customer satisfaction has established it as a leader in the automotive retail industry. For more information, please visit www.morganautogroup.com.

The MIL Network –
July 2, 2025
MIL-OSI: Pete Koat Appointed CEO of Axyom.Core to Advance Cloud Native Wireless Solutions

Source: GlobeNewswire (MIL-OSI)

ANDOVER, Mass., July 01, 2025 (GLOBE NEWSWIRE) — Axyom.Core, a global provider of cloud native wireless core and enterprise radio access network (RAN) solutions, today announced the appointment of Pete Koat as CEO.

Koat brings more than 20 years of experience in communication and data technologies working with customers, sales teams and partners to research, analyze and develop custom solutions that address their business needs.

Koat joined Lumine Group through its acquisition of Incognito Software Systems in 2014, where he served as CEO. He worked at Incognito for more than 10 years, starting as chief technology officer and ultimately becoming CEO. Following the acquisition, Koat led the post-acquisition integration of multiple P&Ls within Motive, alongside his role as Group Technology Expert at Lumine Group.

A founding member of the Connected Home Council within the Broadband Forum, Koat is now in his eighth year with the industry group, which focuses on accelerating adoption of broadband access, smart home technologies, in-home networking, Wi-Fi, and consumer electronics.

“Stepping into the CEO role at Axyom.Core comes at a critical time for our industry. The need for agile, cloud native network solutions has never been greater, and Axyom.Core is ready to meet that demand,” said Koat. “I’m looking forward to leading the company through this next phase of innovation and growth and collaborating with our fantastic customers.”

About Axyom.Core
Axyom.Core is a global leader in cloud native wireless core and radio access network solutions, trusted by six of the world’s top 10 communications service providers. Its product portfolio includes high-performance 4G and 5G converged core, Femto core, security gateway, and enterprise RAN units.The Axyom.Core platform offers unparalleled efficiency, scalability, and economics, ensuring that customers remain at the forefront of the rapidly-evolving telecommunications landscape. For more information, visit www.axyomcore.ai.

Media Contact
Glenn Rossman for Axyom.Core
glenn@eckertcomms.com

The MIL Network –

July 2, 2025
MIL-OSI: Pete Koat Appointed CEO of Axyom.Core to Advance Cloud Native Wireless Solutions

Source: GlobeNewswire (MIL-OSI)

ANDOVER, Mass., July 01, 2025 (GLOBE NEWSWIRE) — Axyom.Core, a global provider of cloud native wireless core and enterprise radio access network (RAN) solutions, today announced the appointment of Pete Koat as CEO.

Koat brings more than 20 years of experience in communication and data technologies working with customers, sales teams and partners to research, analyze and develop custom solutions that address their business needs.

Koat joined Lumine Group through its acquisition of Incognito Software Systems in 2014, where he served as CEO. He worked at Incognito for more than 10 years, starting as chief technology officer and ultimately becoming CEO. Following the acquisition, Koat led the post-acquisition integration of multiple P&Ls within Motive, alongside his role as Group Technology Expert at Lumine Group.

A founding member of the Connected Home Council within the Broadband Forum, Koat is now in his eighth year with the industry group, which focuses on accelerating adoption of broadband access, smart home technologies, in-home networking, Wi-Fi, and consumer electronics.

“Stepping into the CEO role at Axyom.Core comes at a critical time for our industry. The need for agile, cloud native network solutions has never been greater, and Axyom.Core is ready to meet that demand,” said Koat. “I’m looking forward to leading the company through this next phase of innovation and growth and collaborating with our fantastic customers.”

About Axyom.Core
Axyom.Core is a global leader in cloud native wireless core and radio access network solutions, trusted by six of the world’s top 10 communications service providers. Its product portfolio includes high-performance 4G and 5G converged core, Femto core, security gateway, and enterprise RAN units.The Axyom.Core platform offers unparalleled efficiency, scalability, and economics, ensuring that customers remain at the forefront of the rapidly-evolving telecommunications landscape. For more information, visit www.axyomcore.ai.

Media Contact
Glenn Rossman for Axyom.Core
glenn@eckertcomms.com

The MIL Network –

July 2, 2025
MIL-OSI: Riverview Bancorp, Inc. Added to Russell 2000 Index

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, Wash., July 01, 2025 (GLOBE NEWSWIRE) — Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced it was added to the Russell 3000 Index® and Russell 2000® Index when Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes on June 30, 2025.

“Being added to the Russell 2000® Index is an important milestone for Riverview and reflects the strong progress we have made in growing the value of our franchise and increasing shareholder value,” said Nicole Sherman, President and CEO of the Company. “We expect our inclusion in the Russell Indices to generate greater visibility among institutional investors and our commitment to being the best-in-class community bank in the Pacific Northwest.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider.

For more information on the Russell 2000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Riverview

Riverview Bancorp, Inc. (www.riverviewbank.com) is headquartered in Vancouver, Washington – just north of Portland, Oregon, on the I-5 corridor. With assets of $1.51 billion at March 31, 2025, it is the parent company of Riverview Bank, as well as Riverview Trust Company. The Bank offers true community banking services, focusing on providing the highest quality service and financial products to commercial, business and retail clients through 17 branches, including 13 in the Portland-Vancouver area, and 3 lending centers. For the past 11 years, Riverview has been named Best Bank by the readers of The Vancouver Business Journal and The Columbian.

This press release contains statements that the Company believes are “forward-looking statements.” These statements relate to the Company’s financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements, as they are subject to risks and uncertainties. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements the Company may make including those described in 1A (Risk Factors) of the Company’s Form 10-K for the fiscal year ended March 31, 2025. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to the Company.

About FTSE Russell
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

Contact:
Nicole Sherman, President & CEO
David Lam, CFO
360-693-6650

The MIL Network –

July 2, 2025
MIL-OSI: Applied Systems Announces New Alliance Partnership

Source: GlobeNewswire (MIL-OSI)

Chicago, IL., July 01, 2025 (GLOBE NEWSWIRE) — Applied Systems® today announced FirstChoice, a MarshBerry Company, as its newest Alliance Partner, delivering educational resources and innovative technology to its members. Through the Applied Partner Program, FirstChoice helps its member agencies seamlessly connect to the digital roundtrip of insurance by providing access to Applied’s Digital Agency and EZLynx’s agency management technology, enabling them to create operational efficiency at every stage of the lifecycle and grow their business.

“As volatile premium rates and an increased emphasis on digital marketplaces and personalized customer service continue to change the industry, we are committed to ensuring our member agencies are equipped to succeed,” said Keith Captain, president, FirstChoice. “Partnering with Applied gives FirstChoice members the resources, tools, and strategic support they need to embrace technology solutions so they can enable sustained and profitable revenue growth.”

Applied’s Digital Agency solution consists of a foundational management system, payment hub, online customer self-service and mobile technology, commercial lines application digitization and automation, and insurer connectivity, all hosted in the cloud. The fully integrated solution enables agencies to create higher-value business transactions and deliver superior customer experiences throughout the entire insurance lifecycle. By leveraging integrated applications that enable agencies to manage their entire business and eliminate duplicative work typically caused by multiple, disparate systems, digital agencies operate more efficiently, improve customer service, and accelerate growth and profitability across all lines of business.

EZLynx’s integrated agency management technologies provide comparative rating, agency management and automation, commercial submissions, retention tools, consumer quoting, email marketing, text messaging, online client self-servicing, and so much more. The system maximizes agencies’ potential by increasing their ability to retain current customers while acquiring new business. By providing a central location, EZLynx enables agents to generate and store quotes, policies and documents, as well as easily remarket with up-to-date information that is synced from agents’ daily policy downloads. Through advanced automation and the ability to seamlessly connect to insurers and insureds, agents using EZLynx improve productivity, simplify management, optimize serviceability and increase profitability.

The Applied Alliance Partner Program creates additional value in the independent insurance distribution channel by providing greater resources to networks and their agencies for sustainable business growth. Through collaboration, the program identifies and engages insurance network membership organizations on technology and market initiatives that benefit their business and member agencies. Learn more about the Applied Alliance Partner Program.

“Technology continues to create new business and service models that help independent agents keep up with consumer demands and become better business partners to their insured clients,” said Chris Cline, vice president, sales, alliance partnerships, Applied Systems. “We are proud to welcome FirstChoice to the Applied Partner Program, delivering their members access to technology best practices, industry expertise and Applied product solutions that strengthen customer relationships and drive growth for their businesses.”

# # #

The Applied products and logos are trademarks of Applied Systems, Inc., registered in the U.S.

About Applied Systems
Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and the innovation leader, Applied is the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada, the Republic of Ireland, and the United Kingdom. By automating the insurance lifecycle, Applied’s people and products enable millions of people around the world to safeguard and protect what matters most.

MarshBerry – Helping Clients Learn, Improve & Realize Value
MarshBerry is a global leader in financial services and consulting dedicated to helping insurance brokerages, and firms in the wealth management industry, achieve sustained growth and value for every stage of ownership. With a legacy spanning over 40 years, MarshBerry offers an extensive suite of services, including Investment Banking (Merger & Acquisition Advisory; Capital Raising), Financial Consulting (Strategic Planning; Valuations; Perpetuation Planning), Organic Growth Consulting (Leadership, Sales & Talent Solutions), Executive Peer Exchange, Agency Network and Market Intelligence and Performance Benchmarking. For more information, visit www.MarshBerry.com.

The MIL Network –

July 2, 2025
MIL-OSI: NBT Bancorp Inc. Announces Date of Second Quarter Conference Call

Source: GlobeNewswire (MIL-OSI)

NORWICH, N.Y., July 01, 2025 (GLOBE NEWSWIRE) — NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) will release details of its financial results for the second quarter 2025 on Monday, July 28, 2025, following the market close. The Company will host a conference call at 10:00 a.m. (Eastern) Tuesday, July 29, 2025, to review these results.

The audio webcast link, along with the corresponding presentation slides, will be available on the Company’s Event Calendar page at www.nbtbancorp.com/bn/presentations-events.html#events prior to the beginning of the conference call. The call will also be archived on the Company’s website for twelve months and can be accessed at any time and at no cost during this period.

Corporate Overview

NBT Bancorp Inc. is a financial holding company headquartered in Norwich, NY, with total assets of $13.86 billion at March 31, 2025. The Company primarily operates through NBT Bank, N.A., a full-service community bank, and through two financial services companies. NBT Bank, N.A. has 175 banking locations in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine and Connecticut. EPIC Retirement Plan Services, based in Rochester, NY, is a national benefits administration firm. NBT Insurance Agency, LLC, based in Norwich, NY, is a full-service insurance agency. More information about NBT and its divisions is available online at: www.nbtbancorp.com, www.nbtbank.com, www.epicrps.com and www.nbtbank.com/Insurance.

Contact: Scott A. Kingsley President and CEO
Annette L. Burns, Executive Vice President and CFO
NBT Bancorp Inc.
52 South Broad Street
Norwich, NY 13815
607-337-6589

This press release was published by a CLEAR® Verified individual.

The MIL Network –

July 2, 2025
MIL-OSI: First American Bank Knows Growth Is Messy—That’s Why We’re Here to Help

Source: GlobeNewswire (MIL-OSI)

Alexis Pascual, Senior Vice President and Commercial Lending Group Head at First American Bank, explains how relationship-driven banking helps manufacturers access capital, navigate risk, and plan for sustainable growth.

MIAMI, July 01, 2025 (GLOBE NEWSWIRE) — In manufacturing, margins are tight, challenges are constant, and growth can be messy. That’s why the role of a banker today goes far beyond financial management. Our team of banking experts provides guidance, connects the dots, and helps clients think several steps ahead.

At First American Bank, we’ve seen firsthand how manufacturers – especially small to midsize firms – benefit from a more strategic banking relationship. These businesses are often exceptional at what they do, but lack the time or expertise to build long-term financial plans or optimize their capital structures. That’s where we come in.

A relationship, not a transaction

Being a strategic banker starts with asking better questions. It’s not just, “What financing do you need today?” It’s, “Where are you trying to go, and what’s getting in your way?”

Manufacturing clients often face complex operational challenges: cash flow gaps, equipment financing needs, overseas sourcing issues, and more. Many are growing fast but haven’t built out a formal finance function. Others are facing increasing pressure from trade policy shifts or interest rate volatility. As strategic bankers, our role is to take the time to understand these dynamics, then design the right roadmap forward.

Sometimes that means structuring an SBA working capital solution to tackle financial vulnerabilities. Other times, it means connecting the client to a part-time CFO, helping them apply for a foreign trade zone designation, or walking them through IC-DISC tax advantages for exporters. We’re not CPAs or logistics experts, but we know the right people and we are always happy to make those introductions.

Capital that grows with the business

South Florida’s climate is good for manufacturing, too. The region is home to many thriving producers, most of them small and privately held. They often don’t fit the mold for conventional lending, especially if their financial reporting isn’t strong or their growth has outpaced their internal systems.

In these cases, we use SBA lending programs as a bridge. These structures allow us to support manufacturers with solid fundamentals but temporary financial constraints. More importantly, we sit down with them to map out a clear path: “Here’s how we fund you now, and here’s what needs to happen to transition into conventional credit.”

Advice beyond the balance sheet

In today’s supply chain environment, risk comes from all angles. Rising costs, tariffs, and shifting trade agreements force manufacturers to rethink their operations. We help them do just that.

That might mean connecting a client to a more cost-effective supplier in Latin America, encouraging a re-shoring strategy, or pointing them to a freight partner that can reduce landed costs. In one case, we helped a company shift from a Chinese vendor to a local supplier in South Florida, avoiding tariffs and cutting lead times.

This kind of support may not fall under “banking” in the traditional sense, but it’s core to how we operate.

Built for long-term relationships

As a recently hired banker, what drew me to First American Bank was its privately held structure and relationship-first approach. We’re not driven by quarterly quotas or product pushes. We’re focused on doing what’s right for the client, often over the course of many years.

Some of our manufacturing clients started with a small SBA loan and now have multimillion-dollar credit lines with us. We’ve grown alongside them, advising through each phase of their journey.

That’s the real value of a strategic banker. Not someone who just shows up for the deal, but someone who’s invested in your success, challenge by challenge, year after year.

Are you a manufacturer looking for more support from your financial partners? If so, chat with our team to learn more.

Disclaimers: This information is for educational purposes only. It is not legal or tax advice. For legal or tax advice, you should consult your own legal, tax, and investment advisors.

First American Bank is a Member FDIC.

About First American Bank
First American Bank is the largest privately held bank in Illinois, with over $7 billion in assets and 61 locations across Illinois, Wisconsin, and Florida. Family-owned and operated since the 1960s, the bank offers a full range of financial services, including personal banking, business lending, and trust and wealth management. Known for combining community bank service with large-scale capabilities, First American Bank is committed to long-term relationships, financial stability, and delivering tailored solutions that help customers thrive.

Media Contact:
Teresa Lee
305-631-6400
tlee@firstambank.com

The MIL Network –

July 2, 2025

Category: Economy

Countdown to Euro 2025 as Government gives advice to travelling fans

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