NewzIntel.com

Category: Economy

  • MIL-OSI USA: Press Release: FDIC Issues CRA Examination Schedules for Third Quarter 2025 and Fourth Quarter 2025

    Source: US Federal Deposit Insurance Corporation FDIC

    WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the third quarter 2025 and fourth quarter 2025.  CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. 

    The Community Reinvestment Act is a 1977 law that requires the FDIC to assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and sound operations.  CRA examinations allow federal regulators to assess an institution’s record of helping to meet those needs.

    CRA examinations are scheduled based on an institution’s asset size and CRA rating.  Absent reasonable cause, an institution with $250 million or less in assets and a CRA rating of Satisfactory can be subject to a CRA examination no more frequently than once every 48 months.  Absent reasonable cause, an institution with $250 million or less in assets and a CRA rating of Outstanding can be subject to a CRA examination no more frequently than once every 60 months.  

    The schedules of institutions to be examined July 1, 2025, through September 30, 2025, and October 1, 2025, through December 31, 2025, are based on the best information now available and are subject to change.  For example, a regulated financial institution not otherwise scheduled for an examination may be examined in connection with the application for a deposit facility.  Alternatively, some institutions may require more time and resources than originally allotted, thus delaying other scheduled examinations.  If an institution is rescheduled for a different quarter, that information will be included on a later list. 

    Federal bank and thrift regulators encourage public comment on the institutions to be examined under the CRA. Comments about FDIC-supervised institutions should be directed to the institutions themselves or to the Deputy Regional Director of the appropriate FDIC regional office (attached).  All public comments received prior to completion of a CRA examination will be considered.

    The CRA examination schedules for the third quarter of 2025 and fourth quarter of 2025 are attached.  Schedules also can be obtained by calling (703) 562-2200 or (877) 275-3342, faxing a request to (703) 562-2296, or writing to:

    FDIC
    Public Information Center
    3501 Fairfax Drive
    Room E-1002
    Arlington, VA 22226

    ATTACHMENTS:

    # # #

    MEDIA CONTACT: 
    LaJuan Williams-Young
    lwilliams-young@FDIC.gov

    MIL OSI USA News –

  • MIL-OSI United Nations: Leveraging Migration for Sustainable Development: IOM Director General Visits Central Asia 

    Source: International Organization for Migration (IOM)

    Bishkek/Astana, 30 May 2025 – International Organization for Migration (IOM) Director General Amy Pope made her first-ever visit to Bishkek, Kyrgyzstan, and Astana, Kazakhstan, this week, working with key partners and government officials on ways in which migration can contribute to economic growth and sustainable development in the region.  

    “As Central Asia takes on an increasingly prominent role as a destination and host for migrants, IOM stands ready to support national governments to harness the potential of migration for long-term sustainable development,” DG Pope said. “By working together, we can address the drivers of migration, support and stabilize vulnerable communities, and ensure the safe, dignified return of migrants to their countries of origin when possible.”   

    In Astana, DG Pope met with His Excellency, Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, together with IOM’s regional Goodwill Ambassador, Dimash Qudaibergen, and discussed the impacts of migration and mobility in the region. DG Pope commended President Tokayev’s commitment to upholding the rights and economic contributions of migrants.  

    DG Pope also attended the Astana International Forum which brought together heads of states, thought leaders, and experts from the public and private sectors. The Forum aims to reignite multilateralism and spark transformative dialogue, positioning Central Asia as a key global partner.  

    Kazakhstan, the largest economy in Central Asia and historically a bridge between East and West, hosts the largest number of migrants in the region. Most come from neighboring Commonwealth of Independent States countries, primarily Uzbekistan, Kyrgyzstan, and the Russian Federation. In addition to regional flows, migrants are coming increasingly from other countries, notably China, Türkiye, and India.   

    During her visit in the Kyrgyz capital of Bishkek, DG Pope met with H.E. Prime-Minister Adylbek Kasymaliev and reiterated how migration can significantly impact Kyrgyzstan’s socio-economic landscape. DG Pope then joined partners to officially open the pre-departure orientation and reintegration centre for migrants. The centre will equip prospective and returning migrants with the necessary tools to have a safe migration experience.  

    For over two decades, IOM has worked closely and remains committed to deepening collaboration with Kazakhstan and Kyrgyzstan in implementing projects and policies that improve migrant protection, combat trafficking in persons, address climate-induced mobility, and support South-North labour migration in the country. 

     

    For more information, please contact IOM Media Centre. 

    MIL OSI United Nations News –

  • MIL-OSI USA: Ogles Launches Investigation Into Nashville Mayor Freddie O’Connell, Files Official Request for Documents

    Source:

    Columbia, TN — Today, Congressman Andy Ogles, alongside the House Homeland Security and Judiciary Committees, has formally launched an investigation into Nashville Mayor Freddie O’Connell. The letter requires Mayor O’Connell to provide Congress with all communications, documentation, and materials relating to:

    • His amendment of Executive Order 30, which involves coordination between local authorities and federal immigration officials;
    • Any contact or correspondence with Non-Governmental Organizations (NGOs) regarding immigration enforcement, sanctuary policies, or the handling of criminal aliens;
    • Any internal or external communications concerning the activities of ICE, DHS, or other federal law enforcement operating in Nashville or Davidson County;
    • All financial records and documentation pertaining to taxpayer-funded programs and funds distributed to illegal aliens, including but not limited to the Nashville “Belonging Fund.”

    “Instead of defending our state, Mayor Freddie O’Connell is sabotaging it. He’s weaponized his office to dox and surveil federal agents who are trying to stop violent criminals — and worse, he’s embraced those criminals by creating a taxpayer-funded program to aid illegal aliens The recipients of these funds are untraceable, and the purpose seems crystal clear: help illegal foreigners evade the law,” said Congressman Ogles.

    “I refuse to sit back while our communities are overrun, our neighborhoods are destroyed, and our daughters are assaulted. And I absolutely refuse to stay silent while blue city mayors aid and abet this invasion.”

    “Today, with the full support of Judiciary Chairman Jim Jordan and Homeland Security Chairman Mark Green, we’re taking action. If Mayor O’Connell wants to spy on federal agents doing their job, then Congress is going to investigate him for obstruction,” Congressman Ogles said.

    Official Documentation Request Here

    # # #

    MIL OSI USA News –

  • MIL-OSI USA: HUD Secretary Scott Turner, Rep. Kelly tour Erie’s Opportunity Zones

    Source: United States House of Representatives – Representative Mike Kelly (R-PA)

    ERIE, PENNSYLVANIA — On Wednesday, May 28, U.S. Secretary of Housing and Urban Development (HUD) Scott Turner, U.S. Rep. Mike Kelly (R-PA),and local leaders toured downtown Erie’s highly successful Opportunity Zones (OZs) and other housing initiatives around Erie, Pennsylvania.  

    During their visit to Erie, Sec. Turner and Rep. Kelly were joined by U.S. Sen. John Fetterman (D-PA) and received an update on downtown Erie’s Opportunity Zone projects. They also met with local stakeholders as Congress considers extending and expanding OZ legislation. 

    “Erie is a model of how Opportunity Zones can revitalize communities,” said Sec. Turner. “Erie’s Opportunity Zone-driven renaissance continues to attract new businesses, inspiring the creation of more homes and generating economic and community development. This would not be possible without the support of local, state and federal leaders who work in tandem with the public and private sectors to take Opportunity Zones from a proposal to a reality that will benefit generations of individuals and families. I want to thank Congressman Kelly for welcoming back to the City of Erie – I’m excited to see what the future holds for this community.”

    “As Congress considers extending and expanding Opportunity Zone legislation, and as we work to make housing more affordable for all Americans, Secretary Turner’s visit puts Western Pennsylvania front and center in Washington,” said Rep. Kelly. “Opportunity Zones continue to create jobs and affordable housing in Erie, and they continue to pump hundreds of millions of dollars into the local economy. I want to thank Secretary Turner for visiting Erie again and for his commitment to pro-growth policy.”

    You can watch the press conference here.

    BACKGROUND

    Sec. Turner and Rep. Kelly played an integral role in establishing and implementing Opportunity Zones when they were passed in the 2017 Tax Cuts & Jobs Act. Downtown Erie remains a national leader in Opportunity Zones legislation.

    In April, Turner, Kelly, and Sen. Tim Scott published this op-ed on FoxNews.com highlighting the importance of extending Opportunity Zones legislation.

    In The News:

    Erie News Now (NBC/CBS, Erie) — “U.S. Secretary of Housing and Urban Development Scott Turner Visits Erie to Highlight Opportunity Zone Progress”

    YourErie.com (ABC/FOX, Erie) — “U.S. HUD Secretary Views Opportunity Zones, partnering with Rep. Kelly for legislation”

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Local businesses invited to join borough-wide ‘Shop ABC’ Gift Card Scheme

    Source: Northern Ireland City of Armagh

    Armagh City, Banbridge and Craigavon Borough Council are asking local businesses to sign up to its exciting new gift card initiative, designed to encourage people to shop local, gift local, and spend local.

    Set to go live this summer, the ‘Shop ABC’ Gift Card will be valid across the ABC borough. Businesses of all types and sizes — from retailers and restaurants to salons, hotels, and visitor attractions — are invited to join the scheme for free.

    The card operates via the Mastercard network, meaning no additional equipment is required for businesses already accepting Mastercard payments.

    The ‘Shop ABC’ Gift Card offers a convenient and flexible way for consumers to gift and spend money within the borough. Whether it’s for birthdays, Christmas, thank-you gifts, or corporate rewards, the card will provide a powerful new way to promote local economic activity.

    With a summer launch fast approaching, the Council is urging businesses to register early to ensure they’re part of the scheme from day one.

    Deputy Lord Mayor of Armagh City, Banbridge and Craigavon Borough, Councillor Kyle Savage said: “The introduction of the Shop ABC Gift Card marks a significant step in strengthening support for businesses across the borough. We all understand the vital importance of shopping local—and this card makes it easier than ever to do just that. By keeping spending within our city, town centres, and villages, we’re not only backing local businesses but also investing in the long-term vitality and resilience of our communities.”

    Chair of the ABC Business Partnership Alliance, Adrian Farrell, said: “The Shop ABC Gift Card is a powerful new way to support our local economy by making it easier than ever to shop local. Available in both physical and digital formats, it’s designed to appeal to all age groups and spending habits. This initiative gives smaller businesses access to a gift card program that aims to drive footfall and boost sales. With no additional cost to join or accept the card, it’s a win-win for businesses and consumers alike. By working together across the borough, we’re creating a compelling, modern tool that keeps money circulating locally and helps our town centres thrive.”

    Colin Munro, Managing Director of Miconex, said: “The first thing people will do when they receive a Shop ABC Gift Card is check where it can be spent. Being a part of the initiative will drive awareness of your businesses, and is a proven means of driving new customers and new revenue. Signing up to accept the card takes moments and ensures you’re not turning away businesses when the card launches in the summer.” 

    To sign up or find out more about the Shop ABC Gift Card, businesses can email:

    *protected email*

     

    MIL OSI United Kingdom –

  • MIL-OSI: EXL partners with Databricks to launch Gen-AI powered code migration accelerator

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a leading data and AI company, expanded its partnership with Databricks, the data and AI company, to deploy a GenAI-enabled SAS to Databricks Data Intelligence Platform migration solution. Leveraging EXL’s Code Harbor™ solution, the solution helps enterprises streamline their transition from SAS to Databricks to support enhanced cloud modernization initiatives. EXL has also achieved Select partner status with Databricks to accelerate the development of new AI and GenAI solutions within the Databricks ecosystem.

    EXL’s Code Harbor is a GenAI-enabled solution that facilitates the migration of legacy codebases into the modern open-source languages and cloud environments like Databricks Lakehouse. EXL has refined the solution to automate key aspects of SAS to Databricks migration, significantly reducing manual effort while facilitating high-quality code transformation. EXL Code Harbor is designed for multi-industry usage across insurance, banking and healthcare where SAS has traditionally maintained a strong presence. In addition to SAS, the solution also supports migration and assessment of other languages including BTEQ, HQL, PL/SQL, SQL Server and R, in addition to ETL platforms such as Informatica, Alteryx and DataStage. Clients using EXL Code Harbor benefit from EXL’s deep domain expertise and advanced AI capabilities while retaining the flexibility to integrate with on-premises, cloud and hybrid environments.

    A leading global insurance provider recently partnered with EXL to migrate its extensive SAS codebase to the Databricks Data Intelligence Platform using Code Harbor. The client achieved 50% faster migration with minimal manual intervention, improved compliance through comprehensive metadata documentation and drove integration with their governance frameworks.

    “The biggest challenge enterprises face when migrating from legacy systems is the time, cost and complexity involved in transforming extensive codebases,” said Anand “Andy” Logani, EXL’s chief digital and AI officer. “By providing an intelligent automation solution with embedded AI agents, clients can now accelerate their migration timelines by up to 50% while reducing manual efforts by 70-80%.”

    Unlike traditional migration approaches that rely heavily on manual processes, EXL Code Harbor utilizes an autonomous multi-agent framework to accelerate enterprise-scale code and data transformation. Leveraging Databricks’ Unity Catalog and governance layer, the SAS to Databricks solution accelerator ensures enterprise-grade discoverability, traceability and compliance across every annotation asset. By automating the manual effort involved in assessing, writing and optimizing code, the solution transforms the entire migration process, leading to faster delivery, reduced costs and improved accuracy.

    More information about EXL Code Harbor can be found here.

    About EXL

    EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 60,000 employees spanning six continents. For more information, visit www.exlservice.com.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

    Contacts
    Media
    Keith Little
    +1 703-598-0980
    media.relations@exlservice.com

    Investor Relations
    John Kristoff
    +1 212 209 4613
    IR@exlservice.com

    The MIL Network –

  • MIL-OSI Asia-Pac: CE meets foreign govt officials

    Source: Hong Kong Information Services

    Chief Executive John Lee today met senior officials from foreign governments attending the Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation (IOMed).

    Mr Lee met Switzerland’s Federal Councillor & Head of the Federal Department of Foreign Affairs Ignazio Cassis, Pakistan’s Deputy Prime Minister & Foreign Minister Mohammad Ishaq Dar, Papua New Guinea’s Minister for Justice & Attorney General Pila Niningi and Laos’ Deputy Prime Minister Saleumxay Kommasith.

    Welcoming them to the signing ceremony, Mr Lee said Hong Kong is pleased to contribute to and serve the successful establishment and operation of the IOMed.

    He outlined that upon its establishment, the IOMed will provide friendly, flexible, economical and efficient mediation services for international disputes.

    On economic and trade co-operation, the Chief Executive said the Hong Kong Special Administrative Region Government attaches great importance to strengthening bilateral economic and trade relations with different countries.

    In the face of emerging unilateralism and protectionism, Mr Lee emphasised that the Hong Kong SAR Government will remain steadfast in maintaining the city’s status as a free port and pursuing free trade policies, ensuring the free flow of goods, capital and information, and attracting enterprises from around the world to explore trading and investment opportunities in Hong Kong.

    He highlighted that as an international financial, shipping and trade centre, Hong Kong is the only city that enjoys both “the China advantage” and “the global advantage”. He invited enterprises from all countries to leverage Hong Kong’s platform to explore overseas and Mainland markets.

    MIL OSI Asia Pacific News –

  • MIL-OSI Global: Reform’s threat to the mainstream parties is unique in UK political history

    Source: The Conversation – UK – By Martin Farr, Senior Lecturer in Contemporary British History, Newcastle University

    Labour’s former shadow chancellor John McDonnell has declared that Keir Starmer’s government has driven “a knife into the heart of what I believed Labour stood for” and called for party members, unions and MPs to take back control.

    The text was McDonnell’s, but the pretext was Nigel Farage. Earlier in the week, the Reform leader moved his tanks on to Labour’s lawn by promising to reverse the government’s withdrawal of winter fuel payments to pensioners, and remove the two-child benefit limit, a week after Starmer had committed the most perilous of political allusions: evoking the language of Enoch Powell over immigration. Starmer has been singed (as was Tony Benn in 1970) by playing with Powell’s incendiarism. The disingenuousness of denials that so irregular a phrase as “an island of strangers” was not Starmer dog-whistling marked another low.

    At the centre of Labour’s dilemma is political mutability; how those most elemental, political categories “right” and “left” have blurred into indistinction. Reform UK were ostensibly of the former – nationalist, individualist, authoritarian – but now parade the sacraments of the latter: nationalisation, collectivism, welfarism.

    Betrayal narratives follow Labour leaders as night does day, but Sir Keir Starmer’s inconstancy and inability to offer mitigation by counter-narrative at least demonstrates his fidelity to his political hero Harold Wilson. His ministers in the 1960s and 1970s despaired at their electorally successful prime minister’s apparent lack of defining principle.

    Of the many issues Reform UK raises, the most intriguing is also the least answerable: individual agency. It will never be known whether Britain would still be in the EU had Farage not survived his 2010 plane crash, but it’s more probable than not. Similarly, had Farage withdrawn, as he promised, from British politics to more lucrative pursuits across the Atlantic, the existential threat to both the Labour government and the Conservative party would have gone with him.

    But Farage stayed – and Reform is now a threat of a different order to his previous vehicles. They were significant – UKIP with Brexit; the Brexit party providing Boris Johnson’s 2019 victory – without being serious. They lacked policies (or even policy processes), professionalism, personnel (UKIP was the only party to ban former members of the BNP because it was the only party to have need to).

    Reform is now at the tipping point – both financially and electorally – of seriousness. It runs councils. It has mayors. Its triumph in the Runcorn by-election demonstrated discipline, and the importance of a sound candidate.



    Read more:
    UK local elections delivered record-breaking fragmentation of the vote

    When parties split

    In their public personas, Farage and Starmer are antitheses; the one glib, the other grave; the one with too much personality, the other too little. But charismatic politicians who “make the weather” can also break the party: Farage most recently and repeatedly. But before him Joseph Chamberlain split the Liberals in 1886 and the Unionists in 1903 and David Lloyd George again split the Liberals in 1916. Oswald Mosley caused chaos for Labour in 1931 and David Owen left Labour in the 1980s to form the Social Democratic Party (SDP), which he also later split.

    In 1981, the SDP achieved (in alliance with the Liberals) a poll surge of the kind currently being enjoyed by Reform. And in the 1983 general election the SDP/Liberal Alliance won only 675,000 fewer votes than Labour. But thanks to the first-past-the-post electoral system, the Alliance won 186 fewer seats. Labour’s geographical concentration saved it; the Alliance came second all over the country.

    In 2024, first past the post delivered what its advocates love, and its critics hate: a clear, and unfair, outcome. Labour won two-thirds of the seats on one-third of the votes. It was the most disproportionate result in history.

    Britain’s new multi-party politics may deliver a multi-party parliament at the next election, but through an electoral system designed – insofar as it was designed – for two. With Reform set to breach the 30% threshold, safe seats will be fewer and farther between; marginal seats the norm.

    This would present a challenge for a Labour leader much more nimble than Starmer. His dilemma is devilish: ape Reform and yield urban voters to the Greens and Liberal Democrats; repudiate and see the rebuilt red wall razed. There are other places for progressives to go. Indeed, there may soon be another: a new party of the left. McDonnell – who already sits as an independent, having had the Labour whip withdrawn last year – may see it as a lifeboat.

    Kemi Badenoch – and Robert Jenrick, her most likely usurper – face a strikingly similar problem. Responding to Reform in kind will cede affluent voters to the Liberal Democrats. The Conservative party is the most electorally successful in history in part because it never had a challenger on the right. There’s now another place for conservatives to go. (Or, as it were, to remain.)

    This is the historically unique threat of Reform. In warning of Farage – the most consequential politician since Margaret Thatcher – as a serious threat, Starmer and Badenoch may in overstating augment him, but to not do so is to risk acquiescing. Catastrophising and complacency were evident in 2014, when UKIP came first in the European Parliament elections. Two years later, Britain voted for Brexit.

    Reform still has somewhat less than fully thought-out, never mind fully-funded, policies. Its talent pool is a puddle. It’s now in office and will have a record to defend. It’s dominated by one person, and one who repels as much as he inspires. It’s still unlikely that in five years’ time Farage will be in government, much less prime minister. But it is less unlikely than it was, and is likely to become less unlikely still.

    Martin Farr 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. Reform’s threat to the mainstream parties is unique in UK political history – https://theconversation.com/reforms-threat-to-the-mainstream-parties-is-unique-in-uk-political-history-257839

    MIL OSI – Global Reports –

  • MIL-OSI: UAB “Atsinaujinančios energetikos investicijos“ publishes interim financial statements for the 3-month period of 2025

    Source: GlobeNewswire (MIL-OSI)

    UAB “Atsinaujinančios energetikos investicijos” (the Company) publishes its unaudited interim condensed consolidated financial statements for the 3-month period of 2025. 

    Financial results 

    • As at 31 March 2025, the Company’s total assets were EUR 189 711 thousand, total equity was EUR 98 345 thousand, and total liabilities were EUR 91 366 thousand. 
    • As at 31 March 2025, the Company’s investment assets at fair value through profit or loss were EUR 167 392 thousand, which compared to 31 December 2024, increased by EUR 7 490 thousand or 4.68%.
    • For the period January – March 2025, the Company reported a comprehensive loss of EUR 2 205 thousand. This financial outcome is primarily attributed to the Company’s income structure, which relies on changes in the fair value of its investment portfolio. As stipulated in the Company’s prospectus, the valuation of the Company’s investment portfolio is delegated to an independent appraiser and is conducted annually. It is noteworthy that the valuation of the Company’s investments did not occur during the January – March 2025 period, and this assessment is scheduled for 31 October 2025. Throughout January – March 2025, the Company incurred expenses related to development projects, operational activities, and cost of debt. 

    Contact person for further information:

    Mantas Auruškevičius

    Manager of the Investment Company

    Mantas.Auruskevicius@lordslb.lt

    Attachment

    The MIL Network –

  • MIL-OSI: Navicore Solutions sees a 12% increase in participation in financial literacy workshops, leading to lasting confidence in making informed financial decisions for participants

    Source: GlobeNewswire (MIL-OSI)

    MANALAPAN, N.J., May 30, 2025 (GLOBE NEWSWIRE) — Navicore Solutions, a leading nonprofit credit counseling organization, has seen a 12% increase in participation in its financial literacy workshops, so far this year. The significant increase in workshop attendance reflects a growing awareness of the importance of financial literacy for both teens and adults.

    “People are increasingly recognizing that financial education is not just about managing money today, but about building a foundation for lifelong financial success,” said Kim Cole, Navicore’s Community Engagement Manager. As of 2025, 32 states now require some form of personal finance education for high school graduation, up from 25 states in 2017. Despite growing interest in financial education, significant knowledge gaps persist, particularly with adults in underserved communities.

    Recent research continues to validate the lasting impact of financial education. According to a comprehensive study by Montana State University, high school students who received personal finance education made significantly better financial decisions when entering college. Furthermore, there is an economic benefit of roughly $100,000 per student from completing a one-semester class in personal finance at the high school level, according to a 2024 report by consulting firm Tyton Partners and Next Gen.

    Much of the value in basic financial education comes from learning how to avoid revolving credit card balances and leveraging better credit scores to secure preferential borrowing rates for key expenses, such as insurance, auto loans and home mortgages.

    “These findings align with what we’re seeing in our adult and community-based education programs,” noted Cole. “Participants who complete our workshops demonstrate improved ability to compare financial products, understand the true cost of different types of debt, and make more informed borrowing decisions.”

    “The statistics underscore the critical need for the work we’re doing,” said Cole. “Our workshops specifically address these knowledge gaps by providing practical, hands-on experience with financial concepts like interest rates, debt management, and saving and budgeting.”

    “The data is clear – early financial education pays dividends throughout life,” Cole emphasized. “Our goal is to help provide access to the financial knowledge communities need to make sound financial decisions, avoid costly mistakes, and build long-term financial security.”

    Navicore Solutions’ achievements demonstrate the viability of adult-focused financial literacy programs as tools for breaking intergenerational poverty cycles. By combining hands-on education with accessible debt management solutions, the organization equips participants to transform their financial trajectories—one informed decision at a time. As consumer debt reaches record highs and economic uncertainty persists, Navicore’s model offers a replicable blueprint for building financially resilient communities.

    About Navicore Solutions

    Founded in 1991, Navicore Solutions is a national leader in the field of nonprofit financial counseling with a mission to strengthen the well-being of individuals and families through education, guidance, advocacy, and support.

    Navicore counselors provide a wide range of services including credit counseling to consumers in need; education programs through workshops, courses and written material; debt management plan to provide relief for applicable consumers; student loan counseling for those struggling with student loan debt; and housing counseling services in the areas of rental, pre-purchase, default and reverse mortgage. The agency is an advocate of financial education helping communities achieve and maintain financial stability.

    Contact:
    Lori Stratford
    Digital Marketing Manager
    Navicore Solutions
    lstratford@navicoresolution

    The MIL Network –

  • MIL-OSI: WSI Web Enhancers’ Jukka Jumisko Earns AI Consultant Certification from Leading Digital Marketing Network

    Source: GlobeNewswire (MIL-OSI)

    Albuquerque, New Mexico, May 30, 2025 (GLOBE NEWSWIRE) — Jukka Jumisko, founder of WSI Web Enhancers and a recognized leader in digital marketing in New Mexico, has earned his certification as an AI Consultant through WSI, the world’s largest network of digital marketing consultants. This achievement supports Jumisko’s mission to help local businesses integrate AI into their business with strategy and measurable impact.

    WSI Helping Business Navigate Artificial Intelligence.

    Over the last 18 months, Jumisko has emerged as a passionate educator and advocate for AI’s practical applications in business, speaking at conferences and on podcasts about how AI can empower companies to operate smarter, not harder.

    “AI isn’t here to replace us – it’s here to amplify our strengths. With WSI’s AI Adoption Roadmap, we now have a structured, accessible framework that takes the guesswork out of AI. It makes innovation feel achievable.”

    – Jukka Jumisko

    WSI’s certification equips consultants like Jumisko with a proven framework to help clients implement AI effectively. The methodology emphasizes:

    • Clarity and Simplicity – Clear steps from curiosity to execution.
      Personalized Strategies – Tailored to each business’s goals and values.
      Practical Innovation – Focused on real outcomes, not hype.

    A Local Leader in Marketing with Global Reach

    Originally from Finland, Jumisko rebuilt his life in New Mexico after personal and financial challenges. He launched WSI Web Enhancers in Albuquerque, which soon became the fastest-growing WSI franchise worldwide.

    His journey didn’t stop at success – it extended into service. He has since led hands-on training workshops for small businesses, teaching entrepreneurs how to build their websites and optimize for SEO. One such student, a 60-year-old Reiki healer with only $600 to invest, followed Jumisko’s teachings and quickly rose to rank #1 on Google for her niche in Albuquerque.

    “I believe in building both businesses and communities. Helping a global tech company build a satellite temperature app one month, then empowering a local healer to thrive online the next – that’s the kind of range and purpose I strive for.”

    – Jukka Jumisko

    The Future of AI-Driven Marketing in New Mexico

    With this new certification, Jumisko is expanding WSI Web Enhancers’ services to include AI-powered audits, automation strategy sessions, and custom implementation plans. His global team and local expertise enable him to deliver enterprise-level results while maintaining a human-centered approach.

    “I’ve chosen a life that blends freedom, impact, and innovation. AI doesn’t have to be overwhelming – it just has to be intentional. And I’m here to help companies bridge that gap.” 

    – Jukka Jumisko

    About WSI Web Enhancers
    WSI Web Enhancers is the world’s largest full-service digital marketing agency based in Albuquerque, NM, and part of the global WSI network, which operates in over 80 countries and has a 25+ year history of helping businesses succeed online. WSI specializes in SEO, website development, paid advertising, and AI-driven digital strategies for growth-focused businesses.

    To learn more about our services, visit our website or contact us directly today!.

    Media Contact:
    Jukka Jumisko
    Certified AI Consultant
    WSI Web Enhancers
    Email: jjumisko@wsiwebenhancers.com
    Website: wsiwebenhancers.com

    Jukka Jumisko Earns AI Business Consultant Certification.

    A video associated with this press release is available https://youtube.com/embed/Xc8O6hTfEN0

    The MIL Network –

  • MIL-OSI: IDT Corporation to Report Third Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    NEWARK, NJ, May 30, 2025 (GLOBE NEWSWIRE) — IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications solutions, has scheduled its report of financial and operational results for the third quarter fiscal year 2025 (the three months ended April 30, 2025) on Thursday, June 5, 2025.

    IDT’s earnings release will be issued and posted on the IDT investor relations website (https://www.idt.net/investors-and–media) at approximately 4:15 PM Eastern.

    IDT will host an earnings conference call beginning at 5:00 PM Eastern with management’s discussion of results followed by Q&A with investors. To listen to the call and participate in the Q&A, dial 1-888-506-0062 (toll-free from the US) or 1-973-528-0011 (international) and provide the following access code: 491722.

    A replay of the conference call will be available approximately three hours after the call concludes through June 19, 2025. To access the call replay, dial 1-877-481-4010 (toll-free from the US) or 1-919-882-2331 (international) and provide this replay passcode: 52353. The replay will also be accessible via streaming audio at the IDT investor relations website.

    ABOUT IDT CORPORATION

    IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

    Contact:
    Bill Ulrey
    IDT Investor Relations
    Phone: (973) 438-3838
    E-mail: invest@idt.net

    ###

    The MIL Network –

  • Global universities seek to lure US-bound students amid Trump crackdown

    Source: Government of India

    Source: Government of India (4)

    Universities around the world are seeking to offer refuge for students impacted by U.S. President Donald Trump’s crackdown on academic institutions, targeting top talent and a slice of the billions of dollars in academic revenue in the United States.

    Osaka University, one of the top ranked in Japan, is offering tuition fee waivers, research grants and help with travel arrangements for students and researchers at U.S. institutions who want to transfer.

    Japan’s Kyoto University and Tokyo University are also considering similar schemes, while Hong Kong has instructed its universities to attract top talent from the United States. China’s Xi’an Jiaotong University has appealed for students at Harvard, singled out in Trump’s crackdown, promising “streamlined” admissions and “comprehensive” support.

    Trump’s administration has enacted massive funding cuts for academic research, curbed visas for foreign students – especially those from China – and plans to hike taxes on elite schools.

    Trump alleges top U.S. universities are cradles of anti-American movements. In a dramatic escalation, his administration last week revoked Harvard’s ability to enrol foreign students, a move later blocked by a federal judge.

    Masaru Ishii, dean of the graduate school of medicine at Osaka University, described the impact on U.S. universities as “a loss for all of humanity”.

    Japan aims to ramp up its number of foreign students to 400,000 over the next decade, from around 337,000 currently.

    Jessica Turner, CEO of Quacquarelli Symonds, a London-based analytics firm that ranks universities globally, said other leading universities around the world were trying to attract students unsure of going to the United States.

    Germany, France and Ireland are emerging as particularly attractive alternatives in Europe, she said, while in the Asia-Pacific, New Zealand, Singapore, Hong Kong, South Korea, Japan, and mainland China are rising in profile.

    SWITCHING SCHOOLS

    Chinese students have been particularly targeted in Trump’s crackdown, with U.S. Secretary of State Marco Rubio on Wednesday pledging to “aggressively” crack down on their visas.

    More than 275,000 Chinese students are enrolled in hundreds of U.S. colleges, providing a major source of revenue for the schools and a crucial pipeline of talent for U.S. technology companies.

    International students – 54% of them from India and China – contributed more than $50 billion to the U.S. economy in 2023, according to the U.S. Department of Commerce.

    Trump’s crackdown comes at a critical period in the international student application process, as many young people prepare to travel to the U.S. in August to find accommodation and settle in before term starts.

    Dai, 25, a Chinese student based in Chengdu, had planned to head to the U.S. to complete her master’s but is now seriously considering taking up an offer in Britain instead.

    “The various policies (by the U.S. government) were a slap in my face,” she said, requesting to be identified only by her surname for privacy reasons. “I’m thinking about my mental health and it’s possible that I indeed change schools.”

    Students from Britain and the European Union are also now more hesitant to apply to U.S. universities, said Tom Moon, deputy head of consultancy at Oxbridge Applications, which helps students in their university applications.

    He said many international students currently enrolled at U.S. universities were now contacting the consultancy to discuss transfer options to Canada, the UK and Europe.

    According to a survey the consultancy ran earlier this week, 54% of its clients said they were now “less likely” to enrol at an American university than they were at the start of the year.

    There has been an uptick in applications to British universities from prospective students in the U.S., said Universities UK, an organisation that promotes British institutions. It cautioned, however, that it was too early to say whether that translates into more students enrolling.

    REPUTATIONAL EFFECTS

    Ella Ricketts, an 18-year-old first year student at Harvard from Canada, said she receives a generous aid package paid for by the school’s donors and is concerned that she won’t be able to afford other options if forced to transfer.

    “Around the time I was applying to schools, the only university across the Atlantic I considered was Oxford… However, I realised that I would not be able to afford the international tuition and there was no sufficient scholarship or financial aid available,” she said.

    If Harvard’s ability to enrol foreign students is revoked, she would most likely apply to the University of Toronto, she said.

    Analytics firm QS said overall visits to its ‘Study in America’ online guide have declined by 17.6% in the last year — with interest from India alone down over 50%.

    “Measurable impacts on enrolment typically emerge within six to 18 months. Reputational effects, however, often linger far longer, particularly where visa uncertainty and shifting work rights play into perceptions of risk versus return,” said QS’ Turner.

    That reputational risk, and the ensuing brain drain, could be even more damaging for U.S. institutions than the immediate economic hit from students leaving.

    “If America turns these brilliant and talented students away, they will find other places to work and study,” said Caleb Thompson, a 20-year-old U.S. student at Harvard, who lives with eight international scholars.

    -Reuters

  • MIL-OSI Russia: IMF Staff Conclude Article IV Discussions and Reach Staff-Level Agreement on the Third Review of the Extended Credit Facility for Ethiopia

    Source: IMF – News in Russian

    May 30, 2025

    • IMF staff and the Ethiopian authorities have reached staff-level agreement on economic policies to conclude the third review of the four-year US$3.4 billion Extended Credit Facility arrangement. Once approved by the IMF Executive Board, Ethiopia will gain access to about US$260 million in financing.
    • Ethiopia’s macroeconomic performance has exceeded program expectations, with better-than-forecast results for inflation, export growth, and international reserves.
    • Maintaining reform momentum remains essential for consolidating recent gains, correcting macroeconomics imbalances, restoring external debt sustainability, laying the foundations for high, private sector-led growth, and ensuring the success of Ethiopia’s homegrown reform agenda.

    Washington, DC: A staff team from the International Monetary Fund (IMF) led by Mr. Alvaro Piris, visited Addis Ababa from April 3 to 17, 2025, to discuss the 2025 Article IV consultation and the third review under the Extended Credit Facility (ECF). Discussions continued at the Spring Meetings in Washington DC, April 21-28, and subsequently. The ECF arrangement was approved by the IMF Executive Board on July 29, 2024, for a total amount of US$3.4 billion (SDR 2.556 billion). Subject to approval by the IMF Executive Board, the third review will make available about US$260 million (SDR191.7 million), bringing total IMF financial support under the ECF arrangement so far to about US$1,849 million (SDR1,406.4 million).

    Today, Mr Piris issued the following statement:

    “The IMF staff team and the Ethiopian authorities have reached staff-level agreement on the third review of Ethiopia’s economic program under the ECF arrangement. The agreement is subject to the approval of IMF management and the Executive Board in the coming weeks. A memorandum of understanding with official creditors is expected to be agreed ahead of the IMF Board’s consideration of the third review.

    “The authorities’ policy actions in the first year of the program have yielded strong results. The transition to a flexible exchange rate regime has proceeded with little disruption. Measures to modernize monetary policy, mobilize domestic revenues, enhance social safety nets, strengthen state-owned enterprises, and anchor financial stability continue to show encouraging results. Macroeconomic indicators have performed better than expected, with substantially better outcomes than forecast for inflation, goods exports, and international reserves.

    “Recent policy action should help deepen the FX market and tackle remaining distortions. While real exchange misalignment has been corrected and FX availability has improved from a year ago, the spread between the official and parallel market widened again in early 2025 and high fees and commissions persist. Actions that are being rolled out to enhance transparency, reduce costs, ease restrictions on current account transactions, and strengthen prudential regulation will help to improve the functioning of the FX market.

    “Maintaining reform momentum will be key to consolidating gains and securing sustainable high growth. Continued tight monetary and financial conditions will be important for managing inflation and exchange rate expectations. Further revenue mobilization is needed to provide sustainable financing for critical development spending. Reforms to improve the business environment, ensure fair taxation practices, encourage foreign direct investment, and facilitate open dialogue with business will be important to secure private sector investment. Efforts to end the remaining elements of financial repression and develop the capital market will help to mobilize savings and support the efficient allocation of capital.

    “The staff team is grateful to the authorities for the excellent policy discussions and their strong commitment to the success of the IMF-supported economic program. The team met with Minister of Finance Ahmed Shide, Governor of the National Bank of Ethiopia Mamo Mihretu, State Minister of Finance Eyob Tekalign, and other senior officials. Staff also had productive discussions with representatives of banks and businesses that are operating in a range of sectors and representatives of civil society.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Tatiana Mossot

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/05/30/pr-25167-ethiopia-imf-staff-conclude-art-iv-discuss-and-reach-agreement-on-3rd-rev-of-ecf

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI USA: USDA Researchers Find Viruses from Miticide Resistant Parasitic Mites are Cause of Recent Honey Bee Colony Collapses

    Source: US Agriculture Research Service

    USDA Researchers Find Viruses from Miticide Resistant Parasitic Mites are Cause of Recent Honey Bee Colony Collapses

    By: Autumn Canaday
    Email: arspress@usda.gov

    WASHINGTON, May 30, 2025 – Scientists at the U.S. Department of Agriculture’s Agricultural Research Service (USDA-ARS) are helping American beekeepers solve the mystery behind a widespread honey bee colony collapse and its debilitating effects on U.S. agriculture. Researchers have submitted a manuscript to a scientific journal for peer review based on our research findings that identified high levels of deformed wing virus A and B and acute bee paralysis in all recently USDA-sampled bees. 

    These viruses are responsible for recent honey bee colony collapses and losses across the U.S. Since the viruses are known to be spread by parasitic Varroa destructor (Varroa) mites, ARS scientists screened the mites from collapsed colonies and found signs of resistance to amitraz, a critical miticide used widely by beekeepers. This miticide resistance was found in virtually all collected Varroa, underscoring the need for new parasitic treatment strategies. 

    “Our nation’s food supply thrives, and is sustained, by the work of our pollinators,” said Acting ARS Administrator Joon Park. “USDA scientists continue to research major stressors and new parasite treatment strategies, which will help reduce the agricultural challenge presented by the Varroa mites in honey bee colonies.” 

    In January 2025, commercial beekeepers began reporting severe losses in commercially managed operations. As losses unfolded, it was evident that over 60% of commercial beekeeping colonies had been lost since the prior summer, representing 1.7 million colonies and an estimated financial impact of $600 million. 

    ARS scientists collected colony and bee samples from across California and other western states in February 2025, prior to almond pollination. 

    The USDA-ARS Bee Research Laboratory in Beltsville, MD, analyzed the parasites and pathogens from all samples and focused on individual bees exhibiting behavior known to precede death by minutes or hours. Viruses were indicated in both pooled samples from surviving colonies, and in individual bees showing behavioral morbidities. 

    “While viruses are a likely end-stage cause of colony death, these results do not rule out the importance of other long known challenges to honey bees,” said ARS Research Leader Dr. Judy Chen. 

    As the primary managed pollinator, the Apis mellifera, is an integral component of agriculture, providing key pollination services for a wide variety of crops and over one-third of U.S. produce. The value of crops that require bee pollination is estimated to be more than $20 billion annually in the U.S. and $387 billion globally.  

    ARS researchers will continue to screen honey bees and their colonies for other known stressors and determine the best way to mitigate these stressors, mite infection, and subsequent colony loss.  

    ###

    MIL OSI USA News –

  • MIL-OSI Security: Indian National Pleads Guilty to Defrauding Elderly Victims in Excess of $2M

    Source: US FBI

    WILMINGTON, Del. – Acting U.S. Attorney Shannon T. Hanson announced today that Rakeshkumar Patel, age 36, of Flushing, New York, pleaded guilty to wire fraud conspiracy for his role in an elder fraud scam targeting older Americans.  The Honorable U.S. District Judge Richard G. Andrews accepted the plea. 

    According to court documents, between at least May 2023 and May 2024, the defendant, who was in the U.S. illegally, conspired with others to defraud elderly victims in Delaware and throughout the country of at least $2,154,889.  The victims were contacted over the phone by fraudsters posing as federal agents.  The fraudsters convinced each victim that their identity had been compromised and that they were the subject of a federal investigation.  To cooperate with the fake federal investigation, the victims were instructed to liquidate their life savings and convert those savings into cash or gold bars.  The victims were then directed to deliver that cash or gold to couriers posing as federal agents—like the defendant—who picked up the cash or gold from the victims’ residences or other public places.

    “The Department’s Elder Justice Initiative is committed to protecting elderly victims from being swindled out of their hard-earned life savings by bad actors like Patel,” said Acting U.S. Attorney Shannon T. Hanson.  “Together, with our law enforcement partners, my office will continue to identify, investigate, and prosecute those who scam the elderly for financial gain.  We encourage all members of the public to remain vigilant against these scams.  If you think you or a loved one may have been defrauded, make a report to law enforcement immediately.”

    “When you talk to victims, you see and hear how gut wrenching and devastating these scams are. They’re often facing deep financial anxiety and are emotionally distressed, with the aftereffects weighing heavy on all aspects of their lives,” says FBI Baltimore Special Agent in Charge Bill DelBagno. “The FBI and our partners are working steadfastly every day to educate the public to avoid these scams and to identify, disrupt, and bring to justice those committing these appalling crimes.”

    If you or someone you know is age 60 or older and has been a victim of financial fraud, help is available through the National Elder Fraud Hotline: 1-833 FRAUD-11 (1-833-372-8311).  You can also report fraud to any local law enforcement agency or on the FBI’s Internet Crime Complaint Center at www.ic3.gov.

    The FBI requests victims report:

    • The name of the person or company that contacted you.
    • Methods of communication used, including websites, emails, and telephone numbers.
    • Any bank account number(s) to which you wired funds and the recipient’s name(s).
    • The name and location of the metal dealer company and the account to which you wired funds, if you were instructed to buy precious metals.

    As a result of Patel’s guilty plea to the wire fraud conspiracy, he faces more than five years in federal prison when sentenced.  Judge Andrews will determine the defendant’s sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    This case was investigated by FBI Baltimore Field Office’s Wilmington Resident Agency.   Assistant U.S. Attorneys William E. LaRosa and Alexander P. Ibrahim are prosecuting the case. 

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the District of Delaware.  Related court documents and information is located on the website of the District Court for the District of Delaware or on PACER by searching for Case No. 25-CR-46.

    MIL Security OSI –

  • MIL-OSI: Increase of the share capital in connection with the option programme and subscription results

    Source: GlobeNewswire (MIL-OSI)

    The supervisory board of Coop Pank AS (hereinafter the Bank) decided on 21 May 2025 to increase the share capital of the Bank by 457 188,16 euros by way of issuing new ordinary shares.
    The decision to increase the share capital was adopted to enable the realisation of the options issued within the option programme that was approved with the resolution of the general meeting of the Bank on 8 November 2019, on the conditions indicated in the referred decision. The share capital shall be increased in accordance with clause 3.3.5 of the Bank’s articles of association.
    70 current and former employees of the Bank were able to participate in the issue, subscribing altogether for 670 900 shares for the total amount of EUR 841 979,50, making 100% of the issue size. All option holders submitted a subscription application and paid timely for the subscribed shares.

    Decisions of the supervisory board:

    1. To increase the Bank’s share capital by 457 188,16 euros, as a result of which the Bank’s share capital will increase from 70 180 497,31 euros to 70 637 685,47 euros.
    2. The share capital will be increased by way of issuing new shares (ISIN: EE3100007857) During the increase of the share capital to issue up to 670 900 new ordinary shares of the Bank, with a book value of 0,681455 euros per share. After the increase of the share capital, the Bank has a total of 103 657 207 shares without nominal value. The increase of the Bank’s share capital will not create any exceptions or special rights in connection with the Bank’s ordinary shares. 
    3. According to the resolution adopted under item 6 of the agenda of the general meeting of shareholders of the Bank on 13 April 2022, the pre-emptive right to subscribe for the new shares belongs to the Bank’s employees, to whom the share option programme, approved with the resolution of the Bank’s general meeting of 8 November 2019, extends and with whom the Bank has concluded the respective option contracts (the option holders). According to the resolution of the Bank’s general meeting of 13 April 2022, the pre-emptive right of the existing shareholders to subscribe for the new shares which are issued to the option holders pursuant to clause 3.3.5 of the articles of association for the realisation of the Bank’s share option programme, is precluded.
    4. The term for exercising the pre-emptive right and the time period of subscribing for the new shares is from 22 May to 29 May 2025.
    5. The issue price is 1,255 euros per share, of which 0,681455 euros is the book value of a share and 0,573545 euros is the share premium.
    6. The increase of share capital and payment for the new shares shall be fully carried out by monetary contributions.
    7. The new shares to be issued during the increase of share capital shall grant the right to dividend for the financial year started on 1 January 2025.
    1. The Bank will apply for the listing and the admission to trading of the shares to be issued within the issue on the Nasdaq Tallinn Stock Exchange. The first estimated trading day of the new shares shall be the first day following the day when the Bank has informed Nasdaq Tallinn Stock Exchange of the registration of the increase of share capital in the commercial register and identifying the new shares with the ISIN-code of EE3100007857.

    Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The bank has 214,400 clients who use everyday banking services. Coop Pank uses the synergy created between retail trade and banking and brings everyday banking solutions closer to people. The majority shareholder of the Bank is a domestic retail chain Coop Eesti, the sales network of which comprises 320 stores.

    Additional information:
    Katre Tatrik
    Communications Manager
    Tel: +372 5151 859
    E-mail: katre.tatrik@cooppank.ee

    The MIL Network –

  • MIL-OSI: Unaudited information of Invalda INVL group for 3 months of 2025

    Source: GlobeNewswire (MIL-OSI)

    Invalda INVL had equity of EUR 238.1 million at the end of March this year, or EUR 19.82 per share. Those figures were 30.9% and 30.8% larger, respectively, than a year earlier, including the dividends that have been paid out.

    In January-March 2025, Invalda INVL earned an unaudited net profit of EUR 15.9 million, or 3.4 times more than in the same period last year, when the net profit was EUR 4.7 million.

    The asset management group recorded EUR 3 million loss for its clients in the first quarter of this year, due to global market corrections. However, the total value of client assets under management grew by 27.9% from a year earlier to more than EUR 1.9 billion at the end of March 2025.

    “The main highlight for the start of this year was the successful launch of INVL Private Equity Fund II – a strategically important step for us and currently the largest fund in the Baltics,” says Darius Šulnis, the CEO of Invalda INVL.

    Strategic core business: asset management and family office activities 

    Invalda INVL’s revenue from the management of assets entrusted by clients totalled EUR 3.9 million in the first quarter of 2025, 32.8% more than in January-March 2024. 

    The profit of the strategic core business, which also includes the company’s own investments in the products the group manages, was EUR 1.2 million, compared with a profit of EUR 1.4 million in the same period last year.

    As of 1 April, Andrius Načajus, a finance executive with many years of experience, became the CEO of INVL Asset Management.

    “The successful management of entrusted assets, focusing on creating long-term value and delivering appropriate returns to investors is the key priority for our business. Asset divestments are a natural part of this process,” Darius Šulnis notes. “In the first quarter of this year, the INVL Baltic Sea Growth Fund completed the sale of InMedica Group, Lithuania’s largest private healthcare network. That investment is a great example of a rational growth strategy and its consistent implementation: a company that is a leader in its field was created, an exceptionally high return was earned, and thus a significant portion of the capital invested in the fund was returned to investors. We continue to actively grow the fund’s portfolio companies and selectively divesting some of them.” 

    “We’re also intensely seeking suitable targets for investments of the INVL Private Equity Fund II. Some processes are already well advanced, so we expect to complete at least two acquisitions by the end of this year,” Šulnis adds.

    The Invalda INVL group also saw other significant events in the first quarter of 2025. The INVL Renewable Energy Fund I, with operations concentrated in Romania and Poland, successfully completed the offering of an EUR 8 million bond issue in February which was oversubscribed 1.7 times. INVL Asset Management launched the INVL Partner Strategic Lending Fund, which will invest in a vehicle managed by 17Capital, a private credit firm active in North America and Europe, that lends to major global private equity managers. 

    “We’re also pleased with the successful work of the INVL Family Office. It has expanded its client base not only in Lithuania but also in Latvia and Estonia, while increasing their investments,” Invalda INVL’s CEO says.

    In February, the INVL Family Office joined an initiative of the Vilnius Lyceum Alumni Endowment fund. The INVL Family Office will help to create and implement the fund’s investment strategy.

    Equity investments  

    Invalda INVL’s other equity investments, aside from the asset management, had a EUR 17.7 million impact on earnings in the first quarter of 2025.

    This result was positively influenced by the strong performance of the banks in which the company holds stakes, along with their growth in value. Invalda INVL has investments in Artea Bank and in maib, Moldova’s largest bank. Maib, showing excellent financial results and sustainable growth in all business segments, earned a record net profit of EUR 20.1 million in the first quarter, while Artea earned EUR 17.35 million.

    Artea Bank had a positive impact of EUR 15.6 million on Invalda INVL’s pretax profit; maid had a positive impact of EUR 0.5 million.

    “The profits generated by the agricultural business group Litagra, along with a favorable market environment, provide an optimistic outlook for the future performance of the group and its value,” Darius Šulnis notes.

    Litagra had a positive impact of EUR 1.6 million on Invalda INVL’s result for the first quarter of 2025. 

    Additional information is provided by
    Darius Sulnis, CEO of Invalda INVL
    Darius.Sulnis@invl.com

    Attachment

    The MIL Network –

  • MIL-OSI Economics: Credit by Scheduled Commercial Banks – March 2025 (Annual BSR-1)

    Source: Reserve Bank of India

    Today, the Reserve Bank released the web publication ‘Basic Statistical Return on Credit by Scheduled Commercial Banks (SCBs) in India – March 2025’1 on its ‘Database on Indian Economy’ (DBIE) portal2 (https://data.rbi.org.in Homepage > Publications). The publication provides information on various characteristics of bank credit in India, based on data submitted by SCBs {including Regional Rural Banks (RRBs)} under the annual ‘Basic Statistical Return (BSR) – 1’ system, which collects information on type of account, organisation, occupation/activity and category of the borrower, district and population3 group of the place of utilisation of credit, rate of interest, credit limit and amount outstanding.

    Highlights:

    • Bank credit growth (y-o-y) decelerated to 11.1 per cent in March 2025 from 15.3 (net of merger4) per cent in the previous financial year.

    • The deceleration in credit growth (y-o-y) was observed across all bank groups during FY 2024-25. Private sector banks witnessed the steepest decline to 9.5 per cent in March 2025 after a sustained credit growth above 15 per cent for the preceding three years.

    • With higher credit growth in rural, semi-urban and urban areas compared to metropolitan area, the share of metropolitan branches in total credit declined to 58.7 per cent in March 2025 from 63.5 per cent five years ago.

    • The growth in personal loans,5 though moderated sharply to 13.2 per cent, continued to outpace headline credit growth, which has led to an increase in their share to 31.0 per cent (24.1 per cent five years ago).
    • Share of housing loans bearing interest rate 9 per cent and above came down to 36.8 per cent in March 2025 from 54.5 per cent a year ago which signifies decline in cost of housing loans.
    • Consumer durables and other personal loans accounted for nearly one third of total personal loans; the share of these loans bearing interest rate 11 per cent and above has declined to 47.4 per cent in March 2025 from 50.3 per cent in the previous year. 
    • Loans to industry accounted for nearly one fourth of total bank credit and increased at a (y-o-y) rate of 9.4 per cent in March 2025, down from 10.4 per cent a year earlier.
    • The share of Individuals in total credit maintained its increasing momentum and stood at 47.8 per cent in March 2025 as compared to 41.5 per cent in March 2020. Within individuals, the share of female borrowers also gradually rose to 23.8 per cent from 22.0 per cent in the said period.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/449

    MIL OSI Economics –

  • MIL-OSI Canada: Canada diversifies trade in the Indo-Pacific region through the Team Canada Trade Mission to Thailand and Cambodia

    Source: Government of Canada News

    May 30, 2025 – Phnom Penh, Cambodia – Global Affairs Canada

    Today, the Government of Canada concluded a successful Team Canada Trade Mission (TCTM) to Thailand and Cambodia. The delegation, led by Sara Wilshaw, Canada’s Chief Trade Commissioner and Senior Assistant Deputy Minister, International Trade, brought together more than 150 representatives from over 90 Canadian organizations, of which 80% are small and medium-sized enterprises, to explore the unique business opportunities that Thailand and Cambodia have to offer.

    As Canada works to build a stronger, more resilient economy, the Team Canada approach to trade missions is a proven tool that generates economic benefits for Canadians. As a key initiative under Canada’s Indo-Pacific Strategy, this TCTM opened doors for Canadian businesses in a wide range of sectors to:

    • form new connections in 2 of Southeast Asia’s emerging markets
    • diversify their trade strategies
    • increase their resilience
    • develop products and services that benefit Canada

    During the TCTM’s business-to-business sessions, Ms. Wilshaw saw Canadian, Thai and Cambodian companies in action. She was impressed by the number of meaningful connections made between Canada and its trade partners through this trade mission.

    In Bangkok, Thailand, Ms. Wilshaw met with Dr. Nalinee Taveesin, President of Thailand Trade Representatives and Adviser to the Prime Minister of Thailand. She also spoke with members of the board of the Thai-Canadian Chamber of Commerce and senior executives of the Charoen Pokphand Group, the largest Thai investor in Canada. In doing so, she highlighted Canada’s work in expanding trade, investment and supply-chain resilience in the Indo-Pacific region. For example, she noted the opening of a 12th Export Development Canada representation in Bangkok, which helps Canadian companies diversify into the Indo-Pacific region, resulting in more and better business opportunities for Canadians. She also noted Canada’s 15 free trade agreements, spanning 51 countries, as the foundation of Canada’s trade-diversification efforts.

    In Phnom Penh, Cambodia, Ms. Wilshaw met with Sun Chanthol, Deputy Prime Minister and first vice-president of the Council for the Development of Cambodia, Sok Siphana, Senior Minister and Adviser to the Prime Minister; Cham Nimul, Minister of Commerce; and Dith Tina, Minister of Agriculture, Forestry and Fisheries. She spoke about mutual trade and investment priorities, sector-specific opportunities and the progress being made on a free trade agreement between Canada and the Association of Southeast Asian Nations. She also highlighted Canada’s commitment to deepening its engagement in Cambodia under Canada’s Indo-Pacific Strategy. She noted that Canada’s presence in Phnom Penh was upgraded to an embassy in March 2025 and that this TCTM was the largest-ever Canadian delegation to visit Cambodia.

    MIL OSI Canada News –

  • MIL-OSI Global: Detroit’s population grew in 2023, 2024 − a strategy to welcome immigrants helps explain the turnaround from decades of population decline

    Source: The Conversation – USA – By Paul N. McDaniel, Associate Professor of Geography, Kennesaw State University

    The Mexican-American community in southwest Detroit held a rally in March 2025, asking ICE to leave the immigrant community alone. Jim West/UCG/Universal Images Group via Getty Images

    Detroit’s population grew in 2024 for the second year in a row. This is a remarkable comeback after decades of population decline in the Motor City.

    What explains the turnaround? One factor may be Detroit’s efforts to attract and settle immigrants.

    These efforts continue despite a dramatic national shift in tone toward new arrivals. This includes executive orders from the second Trump administration targeting immigrant communities, international students and their universities, and cities in which immigrants live.

    We study urban geography and immigrant integration. Despite these federal policy shifts, our own research and that of others has found that local leaders in cities across the U.S. are actively working to bring immigrants in and help them become part of local communities, generally for economic reasons.

    Our recent publications on immigrant integration and immigrant community engagement show how and why cities adapt to changes in their population and economies.

    Detroit and other former immigrant gateway metro areas such as Buffalo, New York; Cleveland, Ohio; Milwaukee, Wisconsin; Pittsburgh, Pennsylvania; and St. Louis, Missouri experienced significant immigration in the early 20th century. These population booms were followed by a period of decline in immigration numbers.

    Now these cities are using branding strategies to construct inclusive identities designed to attract and retain immigrants. It may be surprising to think of a city branding itself, but local governments often work with private nonprofits to shape and manage their city’s image. They try to build a unique and desirable identity for the city, differentiate it from competitors, and attract new businesses, residents and tourists this way.

    Here are three reasons why Detroit and other cities want to welcome immigrants:

    1. Encouraging economic growth and attracting talent

    Immigration has a positive impact on the economy, research shows.

    Local leaders in Detroit recognize that in a global economy, a thriving industrial sector and robust labor market are linked to the contributions of immigrant communities. They also understand that the growth of these communities brings positive economic ripple effects.

    Immigrants are more likely than the general population to own their own businesses. Organizations such as Global Detroit encourage entrepreneurship through programs such as the Global Talent Retention Initiative, Global Talent Accelerator and Global Entrepreneur in Residence and provide resources for small businesses.

    Immigrants also fill labor needs, from high-tech fields such as engineering and research to manual labor sectors such as construction and food service.

    The City of Detroit Office of Immigrant Affairs promotes economic development and immigrant integration through education, English as a second language programs, economic empowerment and community resources.

    These efforts are paying off by attracting immigrants to the city.

    This economic impact extends to tourism as well. The region’s marketing campaigns embracing diversity shape how visitors perceive the region. The Detroit Metro Convention & Visitors Bureau spotlights the unique experiences the city’s diverse neighborhoods offer to tourists.

    2. Enhancing community and regional resilience

    Regional resilience describes a region’s ability to withstand and adapt to challenges such as economic shocks and natural disasters. Cities like Detroit that are still trying to bounce back from deindustrialization know from experience how critical this is.

    Immigration contributes to regional resilience, research shows. In addition to supporting local economies and strengthening the labor force, the arrival of immigrants in Detroit has helped offset native-born population decline, stabilizing the overall population and bolstering local tax bases.

    According to our analysis of U.S. Census Bureau data, the Detroit-Warren-Dearborn metro area grew by 1.2%, from a total population of 4,291,843 in 2010 to 4,342,304 in 2023.

    According to U.S. Census Bureau estimates, the Detroit metro area’s native-born population decreased by 58,693 people during that 13-year period, while the foreign-born population increased by 109,154. The top five countries of origin for immigrants in the metro area are India, Iraq, Mexico, Yemen and Lebanon.

    From 2023 to 2024, the metro area’s population gained 40,347 immigrants and lost 11,626 native born residents – resulting in a population gain of 28,721.

    Efforts to welcome immigrants in Detroit and its surrounding communities contributed to this trend of immigrant population growth offsetting overall population decline.

    3. Promoting social cohesion and enhanced civic engagement

    Successful place brands are rooted in inclusion and a strong civil society. Detroit’s rich tapestry of cultures in areas such as Dearborn and Hamtramck creates a vibrant regional identity.

    Organizations such as Global Detroit’s Welcoming Michigan actively support local grassroots efforts to build mutual respect and ensure that immigrants are able to participate fully in the social, civic and economic fabric of their hometowns.

    Examples include Global Detroit’s Social Cohesion Initiative, Common Bond and Opportunity Neighborhoods. These initiatives help bring neighborhood residents of various backgrounds together to share their cultures, support each other’s small businesses and socialize. Such programs strengthen the region’s democratic foundations and enhance its appeal as a welcoming and inclusive place to live.

    Forging a way forward

    Detroit has found that welcoming immigrants and integrating them into the life of the city is one way to navigate the economic, political and cultural challenges it faces.

    And it is not alone in embracing this strategy. Other cities practicing similar strategies include Baltimore; Boise, Idaho; Charlotte, North Carolina; Dallas; Dayton, Ohio; Louisville, Kentucky; New Orleans; Pittsburgh; Roanoke, Virginia; and Salt Lake City.

    Although not all cities choose to pursue such strategies, in those that do, local leaders signal a region ready for a globalized future.

    Paul N. McDaniel previously received funding from the National Geographic Society, served on the Content Advisory Board for the Welcoming Standard and on the Steering Committee for Welcoming America’s One Region Initiative, and is a member of the American Association of Geographers.

    Darlene Xiomara Rodriguez was co-PI on funding received from the National Geographic Society and served on the national pilot program with Welcoming America One Region Initiative’s Steering Committee and Program Evaluation Team.

    – ref. Detroit’s population grew in 2023, 2024 − a strategy to welcome immigrants helps explain the turnaround from decades of population decline – https://theconversation.com/detroits-population-grew-in-2023-2024-a-strategy-to-welcome-immigrants-helps-explain-the-turnaround-from-decades-of-population-decline-255557

    MIL OSI – Global Reports –

  • MIL-OSI USA: Ranking Member Don Davis Jointly Leads Digital Asset Market Clarity (CLARITY) Act of 2025

    Source: US Congressman Don Davis (NC-01)

    WASHINGTON, DC — Today, Commodity Markets, Digital Assets, and Rural Development Subcommittee Ranking Member Don Davis (D-NC-01) and House Agriculture Committee Ranking Member Angie Craig (D-MN-02) introduced the bipartisan Digital Asset Market Clarity (CLARITY) Act of 2025 as original cosponsors, alongside House Financial Services Committee Chair French Hill (R-AR-02), House Agriculture Committee Chair Glenn “GT” Thompson (R-PA-15), Commodity Markets, Digital Assets, and Rural Development Subcommittee Chair Dusty Johnson (R-SD-AL), Representatives Tom Emmer (R-MN-06), Bryan Steil (R-WI-01), Ritchie Torres (D-NY-15), and Warren Davidson (R-OH-08).

    “Families, entrepreneurs, and small businesses across our country, including rural areas in eastern North Carolina, seek ways to engage in the modern economy. Digital assets present a chance for a more inclusive financial future, but we need clear rules and fair oversight for innovation to thrive. Congress must ensure that America shapes digital finance, creates opportunities, protects consumers, and supports overlooked communities,” said Congressman Davis, the ranking member of the Commodity Markets, Digital Assets, and Rural Development Subcommittee.

    The CLARITY Act establishes a new regulatory framework for the issuance and trading of digital assets by outlining specific criteria for when a digital asset is regulated by the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC). Under the legislation’s regulatory framework, the CFTC would be given regulatory authority over the “digital commodities” market. This market would include digital assets related to blockchain systems deemed “mature,” or largely decentralized. While the bill provides clarity regarding what types of digital assets would fall under the “digital commodity” definition, it directs the CFTC and SEC to define several key terms through agency rulemakings. Notably, the bill would give the CFTC authority over most secondary market crypto transactions where investors buy and sell previously issued crypto assets. 

    As with Financial Innovation and Technology for the 21st Century Act from the previous Congress, the bill would grant CFTC new authorities, generally providing it exclusive jurisdiction over “cash” or “spot” market digital commodity transactions (with some exceptions) and requiring CFTC registration for entities (including exchanges, brokers and dealers) offering trade in digital commodities. The bill would impose certain requirements on intermediaries, including ensuring trading is not susceptible to manipulation, requiring disclosures, customer fund segregation and addressing market integrity and recordkeeping requirements.

    ###

    MIL OSI USA News –

  • MIL-OSI Canada: Nova Scotia Removes More Interprovincial Trade Barriers

    Source: Government of Canada regional news

    The government is continuing to show leadership by removing more interprovincial trade barriers to grow Nova Scotia’s economy and build a stronger Canada.

    New regulations will allow more types of commercial trucks and other passenger vehicles to enter and operate in the province, supporting the movement of goods and services across the country. Previously, certain vehicles have not been allowed in Nova Scotia even though they are registered in another jurisdiction.

    The Province will be introducing legislative changes to enhance the new Traffic Safety Act in the fall, which will enable these changes to be made permanent.

    “Nova Scotia wants to see free trade nationwide, and we are leading by looking within our own regulations and practices to see where we can remove barriers,” said Premier Tim Houston. “If a vehicle can operate in another province or territory, it should be able to operate in Nova Scotia. We are removing needless and burdensome barriers. This is another example of how we are taking a Team Canada approach to creating a more prosperous future.”

    In recognizing out-of-province registrations, the Registrar of Motor Vehicles will still have the ability to place special conditions on a vehicle’s operation to ensure safety and protect infrastructure, as is the case with Nova Scotian vehicles. This could include limiting commercial vehicle access to certain roads and bridges and age requirements for passengers in passenger vehicles.

    Vehicles will be required to comply with all other existing provisions of the Motor Vehicle Act, including inspections and insurance.

    Nova Scotia is also announcing plans to amend the Nova Scotia Building Code Regulations to allow factory-built (modular) buildings that meet the National Building Code to be installed in the province without having to meet additional Nova Scotia-specific standards.

    Currently, manufacturers are required to redesign the same building model for every province depending on that province’s standards. This increases costs, causes delays and creates barriers for standardization and interprovincial trade.

    “Both of these moves are to address unique and urgent challenges brought on by the trade war and housing crisis,” said Premier Houston. “It is about fairness for workers, opportunity for businesses and respect for Canadians’ right to move, work and trade freely across their own country, and it’s about getting people into safe and affordable housing, faster.”

    The proposed amendments to the Nova Scotia Building Code Regulations will:

    • enhance productivity and accelerate the development of new modular housing
    • allow modular construction contractors to work to one national code, rather than individual provincial codes
    • position Nova Scotia as national leaders in housing innovation and reduction of interprovincial trade barriers
    • position Nova Scotia as an easy export destination for modular housing and invite reciprocal recognition for Nova Scotian manufacturers from other provinces and territories.

    The proposed changes to the Nova Scotia Building Code Regulations only apply to factory-built construction.

    Quick Facts:

    • the amendments to the Motor Vehicle Act regulations and the Building Code Act regulations fulfill the intent of the Province’s Free Trade and Mobility Within Canada Act by removing key interprovincial barriers
    • the Motor Vehicle Act regulations take effect Tuesday, June 3, and these changes will be evaluated to inform future regulatory updates
    • most of the vehicles not previously allowed in the province were certain types of commercial trucks and low-speed vehicles
    • the 45-day public notice period required for any changes to the Nova Scotia Building Code Regulations will be held

    Additional Resources:

    News release – Legislation to Remove Barriers to Trade: https://news.novascotia.ca/en/2025/02/25/legislation-remove-barriers-trade

    Registration, driving and road safety information: https://novascotia.ca/driving-and-road-safety/

    Department of Public Works on X: https://x.com/NS_PublicWorks

    MIL OSI Canada News –

  • MIL-OSI: XenDex Extends $XDX Presale as XRP Ecosystem Momentum Grows Amid Exchange Listing Talks

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 30, 2025 (GLOBE NEWSWIRE) — Investors are rushing to secure their $XDX allocations as XenDex enters the final phase of its presale. The project has confirmed ongoing discussions with several top-tier exchanges. Market momentum is building across the XRP ecosystem following recent industry developments, including reports of Ripple’s acquisition of Circle, the issuer of USDC, and the launch of the first XRPI Futures ETF by Volatility Shares — both of which have contributed to renewed bullish sentiment around XRP and related projects.

    XenDex Presale

    As XRP gains more institutional support, XenDex is quickly becoming the most anticipated DeFi launch on the XRP Ledger. Built to empower users of all levels, XenDex is cementing its place as XRPL’s go-to decentralized exchange.

    What is XenDex On XRP Blockchain?

    XenDex is the first fully integrated, all-in-one decentralized exchange (DEX) developed natively on the XRP Ledger. It brings fast, secure, and low-cost DeFi features together in one sleek interface, ideal for both crypto newcomers and professional traders.

    Features and Problems XenDex Aims to Solve on XRPL

    Despite XRP’s strengths in scalability and speed, the XRPL has lacked vital DeFi infrastructure. XenDex changes that by delivering:

    • AI Copy Trading – Mirror trades from elite performers to reduce risk and enhance returns
    • Lending & Borrowing – Lend or borrow assets on XenDex without intermediaries
    • Cross-Chain Trading – Swap XRP seamlessly on XenDex with Ethereum, BNB Chain, and Solana tokens
    • DAO Governance – Vote on upgrades, listings, and new features using $XDX

    Why Should I Buy $XDX?

    Beyond the possibility of price appreciation post-listing, $XDX holders gain:

    • Governance rights over future XenDex development decisions
    • Access to staking and liquidity rewards
    • Platform fee discounts for trading, borrowing, and lending
    • Airdrops and exclusive access to new features

    Where Can I Trade $XDX?

    Following the presale, XenDex is in active discussions with several leading exchanges — including Binance, Gate.io, MEXC, BitMart, MagneticX, and FirstLedger — regarding the potential listing of $XDX.

    Is XenDex a Legit Project on XRP?

    Yes. Built by seasoned blockchain developers with experience on Cardano and SUI, XenDex is undergoing third-party smart contract audits and has integrated XRPL tools like Xaman, XRP Toolkit, Namecheap, Gitbook, and GitHub.

    How Do I Buy $XDX?

    XenDex Presale Details

    • Soft Cap: Reached
    • Hard Cap: Almost Filled
    • Time Left: Only 2 Days Remaining

    Visit Official XenDex Links Below

    Website: https://xendex.net
    Presale: https://xendex.net/presale
    Telegram: https://t.me/xendexcommunity
    Twitter/X: https://x.com/xendex_xrp
    Docs: https://xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

    Disclaimer: This is a paid post provided by XenDex. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/12c82db4-1ccc-48cc-a4f0-1cd799f9d0dd

    The MIL Network –

  • MIL-OSI: Voxtur Announces Financial Results for the Q1 2025 – Ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    TORONTO and TAMPA, Fla., May 30, 2025 (GLOBE NEWSWIRE) — Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) (“Voxtur” or the “Company”), a North American technology company creating a more transparent and accessible real estate lending ecosystem, today announced its financial results for the three months ended March 31, 2025. The Company’s Unaudited Condensed Interim Consolidated Financial Statements and the related Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2025, are available at www.sedarplus.ca and at www.voxtur.com.

    Financial Results:

    Continuing Operations Unaudited
      Three months ended March 31
    (In thousands of Canadian dollars)   2025   2024
         
    Revenue 1 $ 8,310   $ 11,909  
    Gross profit 1   4,981     7,940  
    Gross profit as a % of Revenue 1   60 %   67 %
         
         

    1 Calculations include only the results from continuing operations and do not include results of discontinued operations. As at March 31, 2025, management was committed to a plan to sell one of the Company’s business units. Accordingly, the Company has presented that business unit as a disposal group held for sale and reported its results as discontinued operations.

    During the first quarter of 2025, revenue from continuing operations declined approximately $3.6 million and gross profit declined approximately $3 million compared to the same period in the prior year. Despite this, the Company’s net loss from continuing operations remained relatively stable, underscoring the meaningful impact of realizing synergies across the organization and cost reduction measures implemented by management over the past several quarters.

    Operational expense reductions initiated earlier this year began to positively impact the quarter, though the full benefit of these initiatives will be more fully realized in the second quarter and throughout the remainder of 2025.

    Further discussion with respect to the financial results can be found in the Company’s MD&A available at www.sedarplus.ca and at www.voxtur.com.

    Management continues to work in close partnership with the Company’s advisor and in conjunction with the Company’s creditor as part of the strategic review announced earlier this year. The primary objective of this process is to reduce debt and position the Company for long-term financial stability and strength.

    “We sincerely appreciate the continued support and patience of all our stakeholders as we navigate this important phase of our journey,” said Ryan Marshall, Voxtur’s CEO. “While we are not yet where we want to be, we are making steady progress, and our focus remains on building a more sustainable and resilient organization.”

    The Company intends to host a shareholder call in the near future upon having material updates on the strategic review process and outline the path forward for the business, including other key corporate developments.

    About Voxtur

    Voxtur is a proptech company. The company offers targeted data analytics to simplify the multifaceted aspects of the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s proprietary data hub and workflow platforms more accurately and efficiently value real estate assets, providing critical due diligence that enables market participants to effectively originate, trade, or service defaults on mortgage loans. As an independent and transparent mortgage technology provider, the company offers primary and secondary market solutions in the United States and Canada. For more information, visit www.voxtur.com. 

    Forward-Looking Information

    This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) which reflect the expectations of management regarding the Company’s future growth, financial performance and objectives and the Company’s strategic initiatives, plans, business prospects and opportunities. These forward-looking statements reflect management’s current expectations regarding future events and the Company’s financial and operating performance and speak only as of the date of this press release. By their very nature, forward-looking statements require management to make assumptions and involve significant risks and uncertainties, should not be read as guarantees of future events, performance or results, and give rise to the possibility that management’s predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that the assumptions may not be correct and that the Company’s future growth, financial performance and objectives and the Company’s strategic initiatives, plans, business prospects and opportunities, including the duration, impact of and recovery from the COVID-19 pandemic, will not occur or be achieved. Any information contained herein that is not based on historical facts may be deemed to constitute forward-looking information within the meaning of Canadian and United States securities laws. Forward-looking information may be based on expectations, estimates and projections as at the date of this news release, and may be identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions. Forward-looking information may include but is not limited to the anticipated financial performance of the Company and other events or conditions that may occur in the future. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the information is provided. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance, or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information include but are not limited to: additional costs related to acquisitions, integration of acquired businesses, and implementation of new products; changing global financial conditions, especially in light of the COVID-19 global pandemic; reliance on specific key employees and customers to maintain business operations; competition within the Company’s industry; a risk in technological failure, failure to implement technological upgrades, or failure to implement new technological products in accordance with expected timelines; changing market conditions related to defaulted mortgage loans, and the failure of clients to send foreclosure and bankruptcy referrals in volumes similar to those prior to the COVID-19 global pandemic; failure of governing agencies and regulatory bodies to approve the use of products and services developed by the Company; the Company’s dependence on maintaining intellectual property and protecting newly developed intellectual property; operating losses and negative cash flows; and currency fluctuations. Accordingly, readers should not place undue reliance on forward-looking information contained herein. Factors relating to the Company’s financial guidance and targets disclosed in this press release include, in addition to the factors set out above, the degree to which actual future events accord with, or vary from, the expectations of, and assumptions used by, Voxtur’s management in preparing the financial guidance and targets.

    This forward-looking information is provided as of the date of this news release and, accordingly, is subject to change after such date. The Company does not assume any obligation to update or revise this information to reflect new events or circumstances except as required in accordance with applicable laws.

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

    Voxtur’s common shares are traded on the TSX Venture Exchange under the symbol VXTR and in the US on the OTCQB under the symbol VXTRF.

    Company Contact: 

    Jordan Ross
    Tel: (416)708-9764

    jordan@voxtur.com

    The MIL Network –

  • MIL-OSI: NANO Nuclear Files Six New Patent Applications Related to its Proprietary ZEUS™ Microreactor

    Source: GlobeNewswire (MIL-OSI)

    NANO continues work to expand its intellectual property portfolio

    New York, N.Y., May 30, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company, today announced that it has filed six new utility patent applications with the United States Patent and Trademark Office (USPTO) related to its ZEUS™ microreactor.

    ZEUS™ is being designed as a solid‑core battery reactor with a fully sealed core that uses a highly conductive moderator matrix to dissipate fission heat. As designed, there is no fluid inside the core, which lowers the risk typically associated in‑core coolant accident scenarios.

    Figure 1 – Rendering of NANO Nuclear Energy’s ZEUS™ Advanced Portable Nuclear Microreactor

    The ZEUS™ design calls for all reactor and support systems to fit within a standard shipping container, creating the potential for exceptional transportability to sites lacking conventional energy infrastructure. The unit is also designed to deliver thermal energy directly for heat applications or convert it to electricity, making it adaptable for a wide range of needs, including district heating, power generation and non‑electric uses such as hydrogen production.

    “These patent applications for ZEUS reaffirm our commitment to strengthening NANO Nuclear’s intellectual property portfolio,” said Prof. Massimiliano Fratoni, Senior Director and Head of Reactor Design of NANO Nuclear. “The applications are directed towards safeguarding ZEUS’s key processes and components, which would not only benefit our own program but also contribute to progress across the entire advanced nuclear reactor industry.”

    “We’re pleased to file these new patent applications, which reflect the hard and excellent work of our engineering and technical teams to advance our goal of bringing next‑generation microreactors, like ZEUS™, from development to commercialization,” said James Walker, Chief Executive Officer of NANO Nuclear.”

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further NANO Nuclear information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy X PLATFORM

    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statements related to the anticipated benefits of the patent applications described herein. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop, gain registered intellectual property protection for, and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network –

  • MIL-OSI: Vivakor Announces Special Dividend

    Source: GlobeNewswire (MIL-OSI)

    Dallas, TX, May 30, 2025 (GLOBE NEWSWIRE) — Vivakor, Inc. (Nasdaq: VIVK) (“Vivakor” or the “Company”), an integrated provider of energy transportation, storage, reuse, and remediation service, today announced that its Board of Directors has approved a plan to issue a special dividend to Vivakor shareholders.

    Vivakor currently holds 206,595 (approximately 13.5% of the outstanding common) shares of Adapti, Inc., a company that manages the marketing of products, data and companies through its AdaptAI software platform that matches products with the influencers to attempt to generate the best results.

    Based on Vivakor’s current shares outstanding of approximately 47,297,347 and excluding 20,963,229 shares held by the Company’s Chief Executive Officer and Chief Financial Officer who are waiving their right to the dividend, each Vivakor shareholder will be entitled to receive approximately 0.0079 shares of Adapti, Inc. common stock per Vivakor share. Based on the current share price of Adapti’s common stock, the special dividend is currently valued at approximately $0.815 million.

    Vivakor’s Board of Directors will be establishing a date of record for the dividend in the next couple of weeks.

    Adapti, Inc., formerly known as Scepter Holdings, Inc., filed its Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC) in September 2024 and has since become a mandatory SEC reporting company. An entity controlled by Vivakor’s Chief Executive Officer, Mr. James Ballengee, has signed a definitive agreement for Adapti to acquire certain operations from the entity. More information regarding this transaction can be found in Adapti, Inc.’s filings with the SEC.

    About Vivakor, Inc.

    Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating one of the largest fleets of oilfield trucking services in the continental United States. Its corporate mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector. Vivakor’s integrated facilities assets provide crude oil and produced water gathering, storage, transportation, reuse, and remediation services under long-term contracts.

    Once operational, Vivakor’s oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products.

    For more information, please visit our website: http://vivakor.com

    Cautionary Statement Regarding Forward-Looking Statements

    This news release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Forward-looking statements may be identified but not limited by the use of the words “anticipates,” “expects,” “intends,” “plans,” “should,” “could,” “would,” “may,” “will,” “believes,” “estimates,” “potential,” or “continue” and variations or similar expressions. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including, but not limited to, , the expected transaction and ownership structure, the valuation of the transaction, the likelihood and ability of the parties to successfully and timely consummate planned acquisitions, the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Vivakor or the expected benefits of the such transaction, our ability to maintain the listing of our securities on The Nasdaq Capital Market, the parties failure to realize the anticipated benefits of pending transactions, disruption and volatility in the global currency, capital, and credit markets, changes in federal, local and foreign governmental regulation, changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, and general economic conditions.

    These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor’s filings with the U.S. Securities and Exchange Commission, which factors may be incorporated herein by reference. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Vivakor and the Endeavor Entities or the date of such information in the case of information from persons other than Vivakor and the Endeavor Entities, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding the Endeavor Entities industries and markets are based on sources we believe to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part.

    Investors Contact:
    P:949-281-2606
    info@vivakor.com

    The MIL Network –

  • MIL-OSI: Bravo Property Trust Secures Sovereign Wealth Fund Manager Investment to Finance up to $400 Million in Bridge and Construction Loans

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) — Bravo Property Trust LLC (“Bravo”), a U.S.-based real estate credit investment platform led by Aaron Krawitz and Gabi Moshayev announced today that it has signed an investment agreement with one of the largest investment managers in the Middle East—an institutional platform globally recognized for managing sovereign wealth fund capital. The agreement outlines an initial $400 million capital deployment schedule with the capacity to increase that figure up to $400 million across whole loan bridge, construction, and stabilized multifamily and healthcare opportunities within Bravo’s national lending platform.

    This partnership marks a significant milestone for Bravo and reinforces its position as a leading credit provider in the transitional and agency-exit lending space. The Middle Eastern manager allocates capital on behalf of one of the world’s largest sovereign wealth funds.

    Gabi Moshayev, Chairman of Bravo Property Trust, stated: “This collaboration reflects Bravo’s strategic expansion into global capital relationships and reinforces our ability to deliver secure, income-generating real estate credit solutions in the U.S. market. It’s a significant step in building long-term value for our international partners.”

    “We are proud to welcome a global institution of this caliber to our platform,” said Aaron Krawitz, CEO of Bravo Property Trust. “This partnership reflects the increasing demand from sovereign and institutional capital for access to high-quality, asset-backed credit in the U.S. housing market. With this $400 million investment program, we are positioned to expand our lending platform while maintaining our underwriting discipline and borrower-first service model.”

    The investment will be deployed through Bravo’s pipeline of balance sheet bridge loans and construction financing, with a defined focus on properties that present a clear path to HUD or agency takeout. Bravo’s programmatic approach emphasizes strong sponsorship, cash-flow stabilization, and high-certainty executions.

    The Middle Eastern investment manager brings decades of experience allocating capital globally, with a track record of partnering with best-in-class managers in real estate, private equity, and credit. The partnership with Bravo represents its latest expansion into direct U.S. private credit, and reinforces the attractiveness of multifamily housing as a resilient and income-generating asset class in today’s market environment.

    Since inception, Bravo Property Trust and its affiliates have originated and financed more than $1.6 billion in bridge and HUD-focused financings. The firm has established itself as a specialist in complex capital structures across healthcare and multifamily, with a focus on customized execution and long-term partnerships.

    About Bravo Property Trust LLC
    Bravo Property Trust is an institutional real estate credit platform focused on originating and structuring transitional financing for multifamily and healthcare properties across the United States. With expertise in HUD, construction, and bridge-to-agency executions, Bravo delivers capital solutions tailored to operators and developers seeking value creation and stabilized outcomes.

    The MIL Network –

  • MIL-OSI: XRP News: Nimanode’s $NMA Presale Demand Surges, Positions For Explosive Growth

    Source: GlobeNewswire (MIL-OSI)

    LEEDS, United Kingdom, May 30, 2025 (GLOBE NEWSWIRE) — Nimanode is the first platform of its kind to deliver a zero-code solution for launching on-chain AI agents that can perform complex blockchain tasks such as smart contract development, DeFi optimization, compliance monitoring, and Web3 user support. The platform’s no-code interface makes it accessible to both developers and non-technical users, providing drag-and-drop workflows to configure, test, and launch autonomous agents on-chain in minutes.

    Building on XRPL was the priority for them, “We’re bringing AI automation to the heart of Web3 through XRPL, and doing it with usability in mind,” said the Nimanode founding team. “Our mission is to simplify intelligent infrastructure and put real on-chain power in the hands of every user.” They chose a blockchain with speed , security and scalibilty in mind.

    Presale Page

    Designed for the XRP Ecosystem

    Built natively on XRPL, Nimanode leverages the blockchain’s speed, low fees, and scalability to enable high-frequency, low-latency AI agent execution. The platform’s agents are capable of:

    • Executing smart contracts via XRPL Hooks
    • Scanning wallets and tokens for real-time risk
    • Monitoring compliance in tokenized real-world assets (RWAs)
    • Managing liquidity and maximizing APY across XRPL protocols
    • Operating 24/7 as decentralized customer support interfaces

    $NMA Presale

    Unlocking the Agent Economy

    At the core of Nimanode is the Agent Marketplace, where users can license, share, and monetize AI agents with other users and businesses. Combined with its SDK for developers and drag-and-drop builder for creators, Nimanode is positioning itself as a hub for Web3 automation and on-chain labor.

    $NMA, the platform’s utility token, is used for:

    • Deploying and upgrading agents
    • Licensing agents via the marketplace
    • Staking to earn protocol rewards
    • Participating in decentralized governance

    $NMA Token Sale Now Live

    As part of its official launch, Nimanode has begun the presale of its native token, $NMA. A total of 90 million tokens (45% of the 200 million supply) are available during the presale.

    Participants can purchase $NMA tokens using XRP by sending funds directly from XRPL-compatible wallets (such as XAMAN) to the official Nimanode presale address listed on their Presale Page. All transactions are recorded on-chain for full transparency.

    Presale contributors will receive $NMA at an early-access rate, prior to the token’s public listing on decentralized exchanges at a projected 25% markup post-sale.

    Don’t Miss Out on Nimanode

    Nimanode is a decentralized AI agent platform built on the XRP Ledger, offering no-code and developer tools to deploy on-chain AI agents that automate blockchain activity, optimize protocol interaction, and monetize intelligent services. By bridging AI with decentralized infrastructure, Nimanode is building the next evolution of digital work and Web3 automation.

    Connect with Nimanode

    Website: https://nimanode.com

    Twitter/X: https://x.com/nimanodeai

    Telegram: https://t.me/nimanodeAI

    Documentation: https://docs.nimanode.com

    Contact:
    Nick Lambert
    contact@nimanode.com

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/80fe44e4-8452-4862-a8e1-0fcc3adb5477

    The MIL Network –

  • MIL-OSI: Wearable Devices Receives U.S. Patent for Innovative Gesture Control, Enabling Precision Interaction with Digital Devices

    Source: GlobeNewswire (MIL-OSI)

    Yokneam Illit, Israel, May 30, 2025 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI”)-powered touchless sensing wearables, recently announced that the United States Patent and Trademark Office has granted a continuation of  its patent titled “Gesture and Voice-Controlled Interface Device”, strengthening its leadership in revolutionizing intuitive human-device interactions for next-generation digital ecosystems.

    Traditional gesture sensing systems continuously track hand and finger movements but lack clear “start” and “end” points, making it difficult for devices to understand when a user truly intends to zoom, adjust volume, or manipulate an object. As a result, unintuitive solutions have been used – such as requiring the use of both hands, adding special buttons, or abandoning continuous control altogether. The same goes for voice assistants, which require a “wake word”, prompting them to wait for further instructions.

    Wearable Devices’ newly allowed patent defines a method to extract precise start and end points from continuous gestures. This breakthrough enables devices to support natural and intuitive control gestures like pinch-to-zoom not just for zooming images, but also for adjusting volume, resizing objects, or moving elements – seamlessly and touch-free.

    The technology is ideally suited for augmented reality (“AR”) headsets, gesture-controlled smart devices, and wearable controllers based on cameras, Inertial Measurement Unit (IMU), or electromyography (EMG) sensors – making mid-air fine control finally accessible and natural.

    About Wearable Devices

    Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) is a growth company pioneering human-computer interaction through its AI-powered neural input touchless technology. Leveraging proprietary sensors, software, and advanced AI algorithms, the Company’s consumer products – the Mudra Band and Mudra Link – are defining the neural input category both for wrist-worn devices and for brain-computer interfaces. These products enable touch-free, intuitive control of digital devices using gestures across multiple operating systems.

    Operating through a dual-channel model of direct-to-consumer sales and enterprise licensing and collaborations, Wearable Devices empowers consumers with stylish, functional wearables for enhanced experiences in gaming, productivity, and extended reality (“XR”). In the business sector, the Company provides enterprise partners with advanced input solutions for immersive and interactive environments, from AR/virtual reality (“VR”)/XR to smart environments.

    By setting the standard for neural input in the XR ecosystem, Wearable Devices is shaping the future of seamless, natural user experiences across some of the world’s fastest-growing tech markets. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq Capital Market under the symbols “WLDS” and “WLDSW,” respectively.

    Forward-Looking Statements 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, we are using forward-looking statements when we discuss the benefits and advantages of our products and technology, our aim to make neural input as intuitive and accessible as possible, and the potential of our touchless control technology in enabling devices to support natural and intuitive control gestures. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our 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: the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our 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; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2024, filed on March 20, 2025 and our other filings with the SEC. We undertake 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 Contact
    Michal Efraty
    IR@wearabledevices.co.il

    The MIL Network –