Category: Entertainment

  • MIL-OSI: Bitget Wallet and Tether Discuss Stablecoin Adoption and Real-World Payments at Solana Summit 2025

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, June 06, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, the non-custodial crypto wallet with over 80 million users, took center stage at Solana Summit 2025, joining a panel on “Programmable Capital: The Future of Paying, Financing, and Spending Onchain” alongside speakers from Tether, Venta, and Ripe. The discussion explored how wallets, stablecoins, and DeFi infrastructure are transforming payments, credit, and financial access across global markets.

    Xavier Ow Yeong, Business Development Lead at Bitget Wallet Pay team, shared how the wallet is building infrastructure to make crypto spending as intuitive as fiat. He pointed to Bitget Wallet’s multi-pronged approach: supporting QR code payments with Solana Pay and national QR standards; expanding crypto card options in Asia and Europe; and enabling direct in-app purchases of hotel stays, gaming credits, and gift cards through thousands of merchant integrations — all within its full self-custodial wallet.

    “The future of crypto payments lies in familiarity and simplicity,” said Xavier. “By embedding stablecoins into everyday behaviors like QR scanning and card tapping, we eliminate barriers and unlock true utility for users — especially in mobile-first markets. When users can scan, tap, and spend without worrying about gas fees or chains, stablecoins begin to look like a real alternative to cash. And wallets are becoming the next primary interface for onboarding users into Web3 — not just for holding tokens, but for everyday financial activity.” Bitget Wallet also shared updates on its Scan to Pay roadmap, including its recent integration of Solana Pay for instant USDC payments and its upcoming support for national QR systems in Southeast Asia and Latin America, aimed at enabling seamless crypto-to-fiat spending across millions of merchants.

    The panel explored broader infrastructure trends enabling this shift, including the role of stablecoin adoption in cross-border finance and how decentralized credit models can serve digitally native businesses. Bitget Wallet emphasized that the wallet interface is central to making programmable capital usable. The team is focused on minimizing transaction friction through features like gas abstraction, real-time bridging, and integrated payment gateways. Beyond spending, the wallet is positioning itself as a commerce hub — where users can earn rewards, access credit tools, and interact with onchain services across networks.

    Find out more on Bitget Wallet’s official channels.

    About Bitget Wallet
    Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple and secure for everyone. With over 80 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, DApp exploration, and payment solutions. Supporting 130+ blockchains and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets. Its vision is Crypto for Everyone — to make crypto simpler, safer, and part of everyday life for a billion people.

    For more information, visit: XTelegramInstagramYouTubeLinkedInTikTokDiscordFacebook

    For media inquiries, contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ac3f8b2f-9ddb-45bf-b701-0241688a37bc

    The MIL Network

  • MIL-OSI Asia-Pac: President Lai hosts state banquet for President Bernardo Arévalo of Republic of Guatemala  

    Source: Republic of China Taiwan

    Details
    2025-06-05
    President Lai welcomes President Bernardo Arévalo of Republic of Guatemala with military honors  
    On the morning of June 5, President Lai Ching-te welcomed with full military honors President Bernardo Arévalo of the Republic of Guatemala and his wife, who are leading a delegation of cabinet members visiting Taiwan for the first time, demonstrating the deep and enduring alliance between our nations. In remarks, President Lai noted that over the past few years, bilateral cooperation between Taiwan and Guatemala has grown closer and more diverse, and said that moving forward, based on a foundation of mutual assistance for mutual benefit, we will continue to promote programs in line with international trends, spurring prosperity and development in both our nations. The military honors ceremony began at 10:30 a.m. in the Entrance Hall of the Presidential Office. After a 21-gun salute and the playing of the two countries’ national anthems, President Lai and President Arévalo each delivered remarks. A translation of President Lai’s remarks follows: Today, President Arévalo and First Lady Lucrecia Peinado are leading a delegation of cabinet members visiting Taiwan for the first time, demonstrating the deep and enduring alliance between our nations. On behalf of the people and government of the Republic of China (Taiwan), I want to extend my sincerest welcome. Last year, our two countries celebrated the 90th anniversary of diplomatic ties, providing mutual support all along the way. Especially over the past few years, bilateral cooperation has grown closer and more diverse. We have a long record of remarkable results, whether in terms of medicine and public health, education and culture, technological cooperation, or economic and trade exchanges. Moving forward, based on a foundation of mutual assistance for mutual benefit, Taiwan and Guatemala will continue to promote programs in line with international trends. We will continue to strengthen exchange and cooperation for young people, as well as scholarship programs, and actively cultivate high-tech and information and communications technology industry talent, spurring prosperity and development in both our nations. Although separated by a great distance, the peoples of both countries are closely connected by their ideals and values. I am confident that with President Arévalo’s support, bilateral exchanges and cooperation will become closer and more diverse, beginning a very promising new chapter. I wish the visiting delegation a smooth and successful trip. President Arévalo then delivered remarks, saying that on behalf of the government and people of Guatemala, he is honored to visit the Republic of China (Taiwan), this beautiful nation, and to receive full military honors, which reflects the mutual respect between our two nations as well as our solid friendship. Especially as this state visit comes as we celebrate 90 years of formal diplomatic ties, he said, he has brought the foreign minister, economics minister, private secretary to the president, and social communication secretary as members of his delegation, in the hope of our ties embarking on a new chapter. President Arévalo said that Guatemala-Taiwan ties have in recent years been growing steadily on a foundation of mutual understanding and cooperation, making significant progress, and that our peoples have also cultivated sincere friendships and cooperative relationships across many fields. Our nations are especially promoting public health, education, agricultural technology, and infrastructure, he said, key fields which are conducive to economic and social development. He expressed his hope that on such good foundations of the past, we can further strengthen our bilateral ties for the future. President Arévalo stated that through this state visit they not only want to reaffirm the good bilateral ties between our nations, but that they also hope to define a trajectory for the future of our cooperation in the direction of expanding economic cooperation, building economic and trade alliances, and facilitating investment to foster a Taiwan-Guatemala relationship that benefits both peoples. He then expressed gratitude to the people of Taiwan for helping Guatemala over the past 90 years and reaffirmed the unwavering support of Guatemala for the Republic of China (Taiwan). On the occasion of this visit, he said, he hopes to extend a friendly hand to the people of Taiwan, adding that he looks forward to our nations continuing to take major steps forward on the road of mutual assistance and prosperity. Also in attendance at the welcome ceremony were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman, and members of the foreign diplomatic corps in Taiwan.  

    Details
    2025-06-03
    President Lai confers decoration on President Hilda C. Heine of Republic of the Marshall Islands, hosts state banquet  
    At noon on June 3, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, conferred a decoration upon President Hilda C. Heine of the Republic of the Marshall Islands, and hosted a state banquet for President Heine and her husband at the Presidential Office. In remarks, President Lai thanked President Heine for her commitment to deepening the diplomatic partnership between our nations and speaking up for Taiwan in the international arena. He also expressed hope for Taiwan and the Marshall Islands to work together to address various challenges through an even greater diversity of exchanges, and that together, we can contribute even more to peace, stability, and development throughout the Pacific region. At the decoration ceremony, President Lai personally conferred the Order of Brilliant Jade with Grand Cordon on President Heine before delivering remarks, a translation of which follows:  The Marshall Islands was the first Pacific ally that I visited after taking office as president. When I arrived there, I was immediately drawn to its beautiful scenery. And I received a very warm welcome from the local people. This gesture showed the profound friendship between our two nations. I was truly touched. I also remember trying your nation’s special Bob Whisky for the first time. The flavor was as unique and impressive as the landscape of the Marshall Islands.  In addition to welcoming our distinguished guests today, we also presented President Heine with the Order of Brilliant Jade with Grand Cordon. On behalf of the people of Taiwan, I want to thank President Heine for her commitment to deepening the diplomatic partnership between our nations, and for staunchly speaking up for Taiwan in the international arena. Both I and the people of Taiwan are profoundly grateful to President Heine for her friendship and support. Over the past few years, cooperation between Taiwan and the Marshall Islands has grown ever closer. And this visit by our distinguished guests will allow our two countries to further expand areas of bilateral exchange. I have always believed that only through mutual assistance and trust can two countries build a longstanding and steadfast partnership. I once again convey my sincere aspiration that Taiwan and the Marshall Islands work together to address various challenges through an even greater diversity of exchanges. Together, we can contribute even more to peace, stability, and development throughout the Pacific region. In closing, I want to thank President Heine and First Gentleman Thomas Kijiner, Jr. for leading this delegation to Taiwan, which deepens the foundations of our bilateral relationship. May our two nations enjoy a long and enduring friendship. President Heine then delivered remarks, stating that she felt especially privileged to receive the Order of Brilliant Jade with Grand Cordon of the Republic of China (Taiwan), and humbly accepted the honor with the utmost gratitude, humility, and deep responsibility. This is a deep responsibility, she said, because she understands that since its inception in 1933, this order has been bestowed upon a select few. She then thanked President Lai for this great honor. President Heine stated that the banquet was not just a celebration of our bilateral friendship, but a true reflection of the generosity of the Taiwan spirit and a testament to the enduring ties between our nations, founded on shared values and aspirations, including a respect for the rule of law, the preservation of human dignity, and a deep commitment to democracy. President Heine stated that the Taiwan-Marshall Islands partnership continues to evolve through practical cooperation and mutual support. In recent years, she said, our countries have worked hand in hand across a range of vital sectors, including the recent opening of the Majuro Hospital AI and Telehealth Center and the ongoing and successful Taiwan Health Center, various technical training and scholarship programs, and various climate change adaptation projects in renewable energy, coastal resilience, and sustainable agriculture.   President Heine emphasized that the Marshall Islands continues to be a proud and vocal supporter of Taiwan’s meaningful participation in the United Nations system and other international organizations. Taiwan’s exclusion from these platforms, she said, is not only unjust, but is bad for the world, and the global community needs Taiwan’s voice and expertise.  President Heine also expressed sincere appreciation to all of the Taiwanese friends who have contributed their efforts to deepening bilateral relations, including government officials, healthcare workers, teachers, engineers, and volunteers. The people of the Marshall Islands, she said, deeply appreciate and value everyone’s efforts and service. President Heine said that as we celebrate our partnership, let us look to the future with hope and determination, continue to work together, learn from one another, and support one another to champion a world where all nations can chart their own course based on peace and international law. Also attending the state banquet were Marshall Islands Council of Iroij Chairman Lanny Kabua, Minister of Foreign Affairs and Trade Kalani R. Kaneko, Minister of Finance David Paul, Nitijela Standing Committee on Foreign Affairs and Trade Chairperson Joe Bejang, and Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands.  

    Details
    2025-06-03
    President Lai and President Hilda C. Heine of Marshall Islands hold bilateral talks and witness signing of agreements
    On the morning of June 3, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Hilda C. Heine of the Republic of the Marshall Islands at the Presidential Office following a welcome ceremony with military honors for her and her husband. The leaders also jointly witnessed the signing of a letter of intent for sports exchanges and a memorandum of understanding regarding the Presidents’ Scholarship Fund. President Lai then presided over a launch ceremony for a loan program to purchase aircraft. In remarks, President Lai thanked the government and the Nitijela (parliament) of the Marshall Islands for their longstanding support for Taiwan’s international participation and for voicing staunch support for Taiwan at numerous international venues. President Lai said that Taiwan looks forward to continuing to deepen its diplomatic partnership with the Marshall Islands and build an even closer cooperative relationship across a range of fields, engaging in mutual assistance for mutual benefits and helping each other achieve joint and prosperous development to yield even greater well-being for our peoples. A translation of President Lai’s remarks follows: I once again warmly welcome President Heine, First Gentleman Thomas Kijiner, Jr., and our guests to Taiwan. During my visit to the Marshall Islands last year, I said that Taiwan and the Marshall Islands are truly a family. When Vice President Hsiao and I took office last year, President Heine led a delegation to Taiwan. It is now one year since our inauguration, and I am delighted to see President Heine once again, just as if I were seeing family arrive from afar. Through my visit to the Marshall Islands, I gained a profound sense of the friendship between the peoples of our two nations, well-demonstrated by bilateral exchanges in such areas as healthcare, agriculture, and education. And it is thanks to President Heine’s longstanding support for Taiwan that our countries have been able to further advance collaboration on even more issues, including women’s empowerment and climate change. In recent years, the geopolitical and economic landscape has changed rapidly. We look forward to Taiwan and the Marshall Islands continuing to deepen our partnership and build an even closer cooperative relationship. In just a few moments, President Heine and I will witness the signing of several documents, including a memorandum of understanding and a letter of intent, to expand bilateral cooperation in such fields as sports, education, and transportation. Taiwan will take concrete action to work with the Marshall Islands and advance mutual prosperity and development, writing a new chapter in our diplomatic partnership. I would also like to take this opportunity to express gratitude to the government and Nitijela of the Marshall Islands. In recent years, the Nitijela has passed annual resolutions backing Taiwan’s international participation, and President Heine and Marshallese cabinet members have been some of the strongest advocates for Taiwan’s international participation, voicing staunch support for Taiwan at numerous international venues. Building on the pillars of democracy, peace, and prosperity, Taiwan will continue to work with the Marshall Islands and other like-minded countries to deepen our partnerships, engage in mutual assistance for mutual benefits, and help one another achieve joint and prosperous development. I have every confidence that the combined efforts of our two nations will yield even greater well-being for our peoples and see us make even more contributions to the world. President Heine then delivered remarks, and began by conveying warm greetings of iokwe from the people and government of the Republic of the Marshall Islands to the people and government of the Republic of China (Taiwan). She said she was deeply honored to be in Taiwan for an official visit, and extended appreciation to President Lai and his government for their gracious invitation and warm welcome. President Heine stated that this year marks 27 years of diplomatic ties between our two nations, and that they are proud of this enduring friendship. This special and enduring relationship, she said, is grounded in our shared Austronesian heritage, and strengthened by mutual respect for each other’s democratic systems and our steadfast commitment to the core values of freedom, justice, and the rule of law. President Heine stated that Taiwan’s continued support has been invaluable to the people and national development of the Marshall Islands, particularly in the areas of health, education, agriculture, and climate change. She also expressed deep appreciation to Taiwan for providing Marshallese students with opportunities to study in Taiwan, and for the care extended to Marshallese who travel here for medical treatment. President Heine also announced that she would be presenting a copy of a resolution by the people and government of the Republic of the Marshall Islands reiterating their appreciation for the support provided by the people and government of the Republic of China (Taiwan), and calling on the United Nations to take immediate action to resolve the inappropriate exclusion of Taiwan’s 23 million people from the UN system. She added that she looked forward to the bilateral discussions later that day, and to continuing the important work that both countries carry out together. After the bilateral talks, President Lai and President Heine witnessed the signing of a letter of intent regarding sports exchanges and a memorandum of understanding regarding the Presidents’ Scholarship Fund by Minister of Foreign Affairs Lin Chia-lung (林佳龍) and Marshallese Minister of Foreign Affairs and Trade Kalani R. Kaneko. President Lai then presided over a launch ceremony for a loan program to purchase aircraft, marking the formal beginning of Taiwan-Marshall Islands air transport cooperation. The visiting delegation also included Council of Iroij Chairman Lanny Kabua, Minister of Finance David Paul, and Nitijela Standing Committee on Foreign Affairs and Trade Chair Joe Bejang. They were accompanied to the Presidential Office by Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands.

    Details
    2025-06-03
    President Lai welcomes President Hilda C. Heine of Republic of the Marshall Islands with military honors  
    President Lai Ching-te welcomed President Hilda C. Heine of the Republic of the Marshall Islands and her husband on the morning of June 3 with full military honors. In remarks, President Lai thanked President Heine and the people and government of the Marshall Islands for demonstrating such high regard for our nations’ diplomatic ties. The president said that over our 27 years of diplomatic relations, our cooperation in healthcare, agriculture, fisheries, education and training, and climate change has yielded many positive results. And moving ahead, he said, Taiwan will continue to deepen collaboration across all domains for mutual prosperity and growth. The welcome ceremony began at 10:30 a.m. in the plaza fronting the Presidential Office. President Lai and President Heine each delivered remarks after a 21-gun salute, the playing of the two countries’ national anthems, and a review of the military honor guard. A translation of President Lai’s remarks follows: On behalf of the people and government of the Republic of China (Taiwan), it is a great pleasure to welcome President Heine, First Gentleman Thomas Kijiner, Jr., and their delegation with full military honors as they make this state visit to Taiwan. When I traveled to the Marshall Islands on a state visit last December, I was received with great warmth and courtesy. I once again thank President Heine and the people and government of the Marshall Islands for demonstrating such high regard for our nations’ diplomatic ties. Taiwan and the Marshall Islands share Austronesian cultural traditions, and we are like-minded friends. Throughout our 27 years of diplomatic relations, we have always engaged with each other in a spirit of reciprocal trust and mutual assistance. Our cooperation in healthcare, agriculture, fisheries, education and training, and climate change has yielded many positive results. This is President Heine’s first state visit to Taiwan since taking office for a second time. We look forward to engaging our esteemed guests in in-depth discussions on issues of common concern. And moving ahead, Taiwan will continue to deepen collaboration with the Marshall Islands across all domains for mutual prosperity and growth. In closing, I thank President Heine, First Gentleman Kijiner, and their entire delegation for visiting Taiwan. I wish you all a pleasant and successful trip.  A transcript of President Heine’s remarks follows: Your Excellency President Lai Ching-te, Vice President [Bi-khim] Hsiao, honorable members of the cabinet, ambassadors, distinguished guests, ladies and gentlemen: It is my pleasure to extend warm greetings of iokwe on behalf of the people and the government of the Republic of the Marshall Islands. I wish to also convey my appreciation to Your Excellency President Lai, for the hospitality and very warm welcome – kommol tata. This visit marks my seventh official state visit to this beautiful country. It’s a testament to my strong commitment to further deepening ties between the Republic of the Marshall Islands and the Republic of China (Taiwan). During this visit, I look forward to engaging in meaningful discussions with Your Excellency President Lai to further strengthen the bilateral relationship between our two nations and our peoples.  For over a quarter-century, Taiwan has been a strong ally and friend to the Marshall Islands. Our partnership has thrived across many sectors, including education, healthcare, infrastructure, and economic development. Through Taiwan’s generous support and collaboration, we have made significant progress in improving the lives of our people, empowering our communities, and fostering sustainable growth. The Marshall Islands deeply values our partnership with Taiwan and appreciates Taiwan’s support over the years. Despite our small size and limited voice on the global stage, the Marshall Islands deeply cherishes our friendship with Taiwan, and to that end, I wish to reaffirm my government’s commitment to Taiwan’s meaningful participation in the United Nations system. Taiwan has consistently demonstrated its commitment to the principles of democracy, human rights, and the rule of law. In light of current constraints in global affairs, it is now more urgent than ever that the international community of nations recognize the fundamental rights of the 23 million Taiwanese people and recognize Taiwan’s aspiration to engage fully in global affairs. It is with this in mind that I wish to reiterate to Your Excellency President Lai, the Taiwanese people, and the world that under my government, Marshall Islands will continue to acknowledge Taiwan’s contribution on the global stage and urge like-minded countries to advocate for Taiwan’s meaningful engagement in the international arena. In closing, may I once again extend our sincere appreciation to Your Excellency President Lai, the people and government of the Republic of China (Taiwan), for your warm welcome.  Also in attendance at the welcome ceremony were Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands, Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman, and members of the foreign diplomatic corps in Taiwan.  

    Details
    2025-05-29
    President Lai attends 2025 Europe Day Dinner
    On the evening of May 29, President Lai Ching-te attended the 2025 Europe Day Dinner. In remarks, President Lai stated that Taiwan looks forward to further establishing institutionalized mechanisms with Europe for our trade and investment ties and hopes to take an innovative and diverse approach to sign an economic partnership agreement with the European Union, to provide a more transparent, stable, and predictable business environment for our enterprises. The president said that Taiwan will actively work alongside other democracies, including those in Europe, to jointly build resilient, promising non-red supply chains, and noted that Taiwan and Europe have endless potential for collaboration, whether it is in safeguarding freedom and democracy or advancing our economic and trade relationship. He expressed hope to further strengthen our partnership and work together toward global peace, stability, and prosperity. A transcript of President Lai’s remarks follows: Chairman [Henry] Chang (張瀚書), thank you for the invitation, and congratulations on your second term. I’m confident that under your leadership, the ECCT [European Chamber of Commerce Taiwan] will build even more bridges for cooperation between Taiwan and Europe. I would also like to thank EETO [European Economic and Trade Office] Head [Lutz] Güllner and all the European country representatives stationed in Taiwan. Your hard work over the years has helped deepen Taiwan-Europe relations and brought about such fruitful cooperation. Thank you. This year we celebrate the 75th anniversary of the Schuman Declaration. In 1950, then-French Foreign Minister Robert Schuman proposed to create a European federation dedicated to preserving peace. The declaration symbolized a new flowering in the post-war era of democracy, unity, and cooperation. As we face the geopolitical challenges and drastic economic changes of today’s world, the Schuman Declaration still speaks to us profoundly. This year is also the 80th anniversary of the end of World War II in Europe. Moving forward, Taiwan will continue to advance cooperation with our democratic partners, and will join hands with Europe to build a partnership of even greater resilience and mutual trust. Europe is Taiwan’s third largest trading partner. It is also Taiwan’s largest source of foreign direct investment. Last year, bilateral trade between Taiwan and Europe totaled US$84.7 billion. This demonstrates our vibrant economic and trade ties and reflects the high levels of confidence our businesses have in each other’s markets and systems. We look forward to Taiwan and Europe further establishing institutionalized mechanisms for our trade and investment ties. And we hope to take an innovative and diverse approach to sign an economic partnership agreement with the EU, to provide a more transparent, stable, and predictable business environment for our enterprises. Today’s Taiwan has an internationally recognized democracy and a semiconductor industry vital to global security and prosperity. This enables us to play a key role in restructuring global democratic supply chains and the economic order. In particular, we see supply chains dominated by a new authoritarian bloc expanding their influence through non-market mechanisms, price subsidies, and monopolies on resources, as they seek global control of critical technologies and manufacturing capabilities. Their actions not only distort principles of market fairness, but also threaten the international community’s basic expectations for democracy, the rule of law, and corporate responsibility. In response, Taiwan will actively work alongside other democracies, including those in Europe, to jointly build resilient, promising non-red supply chains. We will also introduce an initiative on semiconductor supply chain partnerships for global democracies. This is more than a proposal for economic cooperation; it is an alliance of shared values and advanced technology. Security in the Taiwan Strait and regional peace and stability have always been issues of mutual interest for Taiwan and Europe. So here today, on behalf of all the people of Taiwan, I would like to thank the EU and European nations for continuing to take concrete actions in public support of peace and stability across the strait. Such actions are vital to regional security and prosperity. Taiwan will continue to bolster itself to achieve real peace through strength, and will work with democratic partners to safeguard freedom and democracy, thereby showing our determination for regional peace. At this critical time, Taiwan and Europe have endless potential for collaboration, whether it’s in safeguarding freedom and democracy or advancing our economic and trade relationship. I look forward to our joining hands at this strategic juncture to further strengthen our partnership and work together toward global peace, stability, and prosperity. Also in attendance at the event was British Office Taipei Representative Ruth Bradley-Jones.

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News

  • MIL-OSI Australia: Two teens arrested over car theft from West Croydon

    Source: New South Wales – News

    Two teenagers were arrested today after investigations into a western suburbs crime spree on Tuesday morning.

    A 2025 Toyota RAV4, along with other items, including a handbag, bankcards and cash, was stolen during a break-in at a West Croydon address about 4.30am on Tuesday 3 June.  Five suspects were captured on CCTV.

    The stolen vehicle was found in Humber Street, Holden Hill about 5.40am that morning and towed away for forensic examination.

    Vehicle tracking showed it had also attended a fast-food restaurant at Pooraka, providing investigators with CCTV of the suspects.

    Investigations and further CCTV analysis then linked a number of illegal interferences and attempted break-ins in the early hours of Tuesday morning, between 2am and 4.30am, throughout Underdale, West Hindmarsh, Croydon and West Croydon.

    About 12.30pm today, Friday 6 June, Youth and Street Gangs Task Force members attended a Christie Downs address and located two suspects.

    A 16-year-old boy from Parafield Gardens and a 16-year-old boy from Holden Hill were arrested and charged with numerous counts of illegal use, aggravated serious criminal trespass and breach of bail.

    They were both refused police bail and will appear in the Adelaide Youth Court on Tuesday 10 June.

    Investigations are continuing.

    Investigators ask anyone who has CCTV or dashcam footage of the suspects between 2am and 4.30am on Tuesday in the Underdale, West Hindmarsh, Croydon and West Croydon areas to contact Crime Stoppers on 1800 333 000 or online at www.crimestopperssa.com.au

    MIL OSI News

  • MIL-OSI: Dassault Systèmes: Doubling EPS by 2029, 3D UNIV+RSES creating new growth opportunities

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    VELIZY-VILLACOUBLAYJune 6, 2025

    Dassault Systèmes: Doubling EPS by 2029,
    3D UNIV+RSES creating new growth opportunities

    Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) hosts its 2025 Capital Markets Day at its headquarters in Vélizy-Villacoublay, France, today, June 6, 2025. The event, dedicated to financial analysts and investors, features a series of presentations by the Company’s executive management. It highlights how 3D UNIV+RSES mark a fundamental shift, providing the next generation of virtual-plus-real (V+R) environment. This unlocks the full potential for clients to leverage Gen AI, creating new possibilities and reaching meaningful productivity gains while protecting their IP. Dassault Systèmes elevates the value creation with 3D UNIV+RSES and demonstrates the reasons to believe across Industrial innovation, Mainstream and Life Sciences.

    Together, these drivers form a coherent and powerful roadmap, positioning the Company to fully capitalize on significant mid to long-term opportunities. Dassault Systèmes updates its mid-term financial ambition to double non-IFRS diluted EPS by 2029. This allows the adoption of 3D UNIV+RSES to deliver its full potential.

    Commencing at 12:45 PM London time / 7:45 AM New York time / 1:45 PM Paris time, the event will be webcast live and recorded. Both the live sessions and replays can be accessed via Dassault Systèmes’ investor website: https://investor.3ds.com/. The on-demand webcast of the event will be available from June 9, 2025.

    Pascal Daloz, Dassault Systèmes’ Chief Executive Officer, commented:

    “At today’s Capital Markets Day, we unveil the most strategic evolution in Dassault Systèmes’ history. AI for industry becomes our compass, while our next-generation value proposition – 3D UNIV+RSES – defines the next growth cycle of our company.

    We are entering a new era: the Generative Economy, where value creation lies at the intersection of the Virtual and the Real – V+R. It is in this hybrid space that tomorrow takes shape and our mission is to empower our customers to imagine, to create and to operate in this hybrid world.

    From life-saving therapies to next-generation mobility and resilient, sustainable infrastructure, 3D UNIV+RSES are not just transforming how industry functions – it is redefining what is possible. We are delivering the virtual twin of everything for everyone, infused with trusted AI, to reinvent products, enterprises and business models through the convergence of the Virtual and the Real.
    Our 3DEXPERIENCE platform now becomes the engine of the Generative Economy, enabling creation, management and amplification of knowledge, know-how and intellectual property – the new currency of progress.

    With 3D UNIV+RSES, we are not simply envisioning the future of industry – we are building it, unlocking new performances, new possibilities and magic experiences. A future where AI is not artificial but augmented, scientific, trustable and deeply human.”

    Rouven Bergmann, Dassault Systèmes’ Chief Financial Officer, commented:

    [diluted EPS (‘EPS’) on a non-IFRS basis]

    “We are building a company for the long term – one that delivers durable, high-quality growth powered by a loyal and expanding client base. Our ambition is clear: to double our earnings per share, and to keep doing so.

    The 3DEXPERIENCE platform is a strategic advantage. In the era of AI, it accelerates knowledge creation, unifies collaboration through a single source of truth, and unleashes the full potential of human talent. With the launch of 3D UNIV+RSES, we are unlocking a new phase of cloud adoption and customer engagement.

    As a result, we are extending our financial horizon to double EPS by 2029. This shift reflects three key factors: a gradual acceleration in top-line growth, the scale-up of 3D UNIV+RSES, and continued strategic capital allocation, including targeted M&A.

    Every move we make is guided by a single principle: creating long-term, sustainable value for our clients, our shareholders and our people, contributing to our EPS and cash generation. We are aligned and positioned to capture the full value of this opportunity.”

    Investor Relations Events

    • Second Quarter 2025 Earnings Release: July 24, 2025
    • Third Quarter 2025 Earnings Release: October 23, 2025
    • Fourth Quarter 2025 Earnings Release: February 11, 2026
    • First Quarter 2026 Earnings Release: April 23, 2026

    Forward-looking Information

    Statements herein that are not historical facts but express expectations or objectives for the future, including but not limited to statements regarding the Group’s non-IFRS financial performance objectives are forward-looking statements. Such forward-looking statements are based on Dassault Systèmes management’s current views and assumptions and involve known and unknown risks and uncertainties. Actual results or performances may differ materially from those in such statements due to a range of factors.
    The Group’s actual results or performance may be materially negatively affected by numerous risks and uncertainties, as described in the “Risk Factors” section 1.9 of the 2024 Universal Registration Document (‘Document d’enregistrement universel’) filed with the AMF (French Financial Markets Authority) on March 18, 2025, available on the Group’s website www.3ds.com.
    In particular, please refer to the risk factor “Uncertain Global Environment” in section 1.9.1.1 of the 2024 Universal Registration Document set out below for ease of reference:

    “In light of the uncertainties regarding economic, business, social, health and geopolitical conditions at the global level, Dassault Systèmes’ revenue, net earnings and cash flows may grow more slowly, whether on an annual or quarterly basis, mainly due to the following factors:

    • the deployment of Dassault Systèmes’ solutions may represent a large portion of a customer’s investments in software technology. Decisions to make such an investment are impacted by the economic environment in which the customers operate. Uncertain global geopolitical, economic and health conditions and the lack of visibility or the lack of financial resources may cause some customers, e.g. within the automotive, aerospace, energy or natural resources industries, to reduce, postpone or cancel their investments, or to reduce or not renew ongoing paid maintenance for their installed base, which impact larger customers’ revenue with their respective sub-contractors;
    • the political, economic and monetary situation in certain geographic regions where Dassault Systèmes operates could become more volatile and negatively affect Dassault Systèmes’ business, and in particular its revenue, for example, due to stricter export compliance rules or the introduction of new customs barriers or controls on the exchange of goods and services;
    • continued pressure or volatility on raw materials and energy prices could also slow down Dassault Systèmes’ diversification efforts in new industries;
    • uncertainties regarding the extent and duration of costs inflation could adversely affect the financial position of Dassault Systèmes; and
    • the sales cycle of the Dassault Systèmes’ products – already relatively long due to the strategic nature of such investments for customers – could further lengthen.

    The occurrence of crises – health and political crises in particular – could have consequences both for the health and safety of Dassault Systèmes’ employees and for the Company. It could also adversely impact the financial situation or financing and supply capabilities of Dassault Systèmes’ existing and potential customers, commercial and technology partners, some of whom may be forced to temporarily close sites or to cease operations. A deteriorating economic environment could generate increased price pressure and affect the collection of receivables, which would negatively affect Dassault Systèmes’ revenue, financial performance and market position.

    Dassault Systèmes makes every effort to take into consideration this uncertain outlook. Dassault Systèmes’ business results, however, may not develop as anticipated. Furthermore, due to factors affecting sales of Dassault Systèmes’ products and services, there may be a substantial time lag between an improvement in global economic and business conditions and an upswing in the Company’s business results.

    Non-IFRS Financial Information

    Readers are cautioned that the supplemental non-IFRS financial information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered in isolation from or as a substitute for IFRS measurements. The supplemental non-IFRS financial information should be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS. Furthermore, the Group’s supplemental non-IFRS financial information may not be comparable to similarly titled “non-IFRS” measures used by other companies. Specific limitations for individual non-IFRS measures are set forth in the Company’s 2024 Universal Registration Document filed with the AMF on March 18, 2025.

    FOR MORE INFORMATION

    Dassault Systèmes’ 3DEXPERIENCE platform, 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions: http://www.3ds.com

    ABOUT DASSAULT SYSTÈMES
    Dassault Systèmes is a catalyst for human progress. Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens.
    With Dassault Systèmes’ 3DEXPERIENCE platform, 370 000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact.
    For more information, visit www.3ds.com

    Dassault Systèmes Investor Relations Team                        FTI Consulting
    Beatrix Martinez: +33 1 61 62 40 73                                Arnaud de Cheffontaines: +33 1 47 03 69
                                                                    Jamie Ricketts : +44 20 3727 1600
    investors@3ds.com

    Dassault Systèmes Press Contacts
    Corporate / France        Arnaud MALHERBE        
    arnaud.malherbe@3ds.com        
    +33 (0)1 61 62 87 73

    © Dassault Systèmes. All rights reserved. 3DEXPERIENCE, the 3DS logo, the Compass icon, IFWE, 3DEXCITE, 3DVIA, BIOVIA, CATIA, CENTRIC PLM, DELMIA, ENOVIA, GEOVIA, MEDIDATA, NETVIBES, OUTSCALE, SIMULIA and SOLIDWORKS are commercial trademarks or registered trademarks of Dassault Systèmes, a European company (Societas Europaea) incorporated under French law, and registered with the Versailles trade and companies registry under number 322 306 440, or its subsidiaries in the United States and/or other countries. All other trademarks are owned by their respective owners. Use of any Dassault Systèmes or its subsidiaries trademarks is subject to their express written approval.

    Attachment

    The MIL Network

  • MIL-OSI Russia: Beijing hosts festive event dedicated to Russian Language Day

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Every year, June 6 marks the birthday of the great Russian writer, poet, prose writer and founder of modern Russian literature Alexander Pushkin, as well as International Russian Language Day. On this day, literary events are held around the world in honor of Pushkin Day, which are of great importance for specialists and scholars in the field of teaching Russian, students of Russian studies and all lovers of the Russian language.

    At this time of year, students of Russian language departments traditionally gather at the Russian Cultural Center in Beijing to celebrate this significant holiday together, socialize, and demonstrate their mastery of the Russian language.

    The day before, on June 5, the Russian Cultural Center in Beijing celebrated the Russian Language Day. More than ten universities and high schools from Beijing, Tianjin, as well as students of Russian language courses at the RCC gathered at the Center, giving the audience a real literary and musical holiday – beautiful Russian songs, poems were performed, and theatrical performances were presented!

    1 2   3   4   5   6   7   8   9   10   11   12   13   >  

    MIL OSI Russia News

  • MIL-OSI Australia: Award-Winning TV Creators Richard Gadd, Sally Wainwright and Soo Hugh Headline Future Vision 2025

    Source: AMP Limited

    06 06 2025 – Media release

    Richard Gadd, Sally Wainwright and Soo Hugh
    Australians in Film, in association with presenting partners Screen Australia and VicScreen, proudly announce the return of FUTURE VISION—Australia’s premier global television exchange for the world’s top creative minds—set to take place July 14–16 at ACMI, Australia’s national museum of screen culture in Melbourne.
    With the global screen industry in flux, FUTURE VISION enables Australia’s leading creatives to connect and forge smarter collaborations with each other and international partners as they collectively reflect, reimagine and reinvigorate the way stories are told.
    Three of the most powerful global voices in contemporary storytelling will headline the second annual event.

    Richard Gadd, the multi-Emmy, Golden Globe and Peabody-winning creator and star of the cultural phenomenon Baby Reindeer.
    Sally Wainwright, BAFTA award-winning creator and director of the critically acclaimed Happy Valley.
    Soo Hugh, Peabody-winning and BAFTA-nominated creator of the internationally lauded series Pachinko.

    Bruna Papandrea (Nine Perfect Strangers) and Tony Ayres (The Survivors), return as FUTURE VISION co-chairs, continuing their leadership at a time where strategic solutions have never been more important.
    With the international screen industry confronting global market contraction, regulatory uncertainty, and the rise of AI — FUTURE VISION 2025 will explore how creativity and strategic collaboration can guide the industry forward.
    This year’s theme, Optimism, builds upon last year’s focus on Courage, inviting attendees to reimagine what’s possible in this rapidly evolving media landscape.
    Papandrea and Ayres said, “We are so enormously thrilled to have three of our television heroes coming to FUTURE VISION this year. Richard Gadd, Sally Wainwright, and Soo Hugh are undoubtedly some of the most exciting television creators in the world today. They create unforgettable worlds and characters that explode onto our screens, and they are masters of their craft. We cannot wait to engage with them in Melbourne and bring their thinking and provocation to the thought leaders at home.”
    Richard Gadd said, “Events like FUTURE VISION are very important. They bring together people who care about pushing boundaries, taking risks, and telling stories that mean something.”
    Sally Wainwright said, “I’m delighted to have been asked to take part in FUTURE VISION and am looking forward hugely to talking telly with everyone. One of my absolute favourite shows of recent years was Deadloch. I loved it because it was as absurd as it was dark, which for me is always a winning combination. I’m thrilled to be able to visit where it was shot.”
    Soo Hugh said, “Throughout my career, I’ve been lucky to learn from extraordinary storytellers who taught me the power of vision and reminded me how deeply personal stories can resonate globally. I’m excited to attend FUTURE VISION – to listen, exchange ideas, and be inspired by voices that see the world a little differently.”
    FUTURE VISION will once again bring together drama and narrative comedy creators, writers, producers, commissioners, and development executives from Australia and across the globe for three days of cutting-edge conversation and strategic thinking:

    Monday, July 14 – OPEN DAY: A day open to established creatives, industry stakeholders, and curious minds. Also available via livestream for those who cannot make it to Melbourne.
    July 15–16 – INVITE-ONLY SESSIONS: Programming for top-tier writers, directors, producers, and commissioning executives.

    From keynote conversations to insightful case studies, FUTURE VISION offers an unprecedented opportunity for the industry to come together, think big, and shape the future of television.
    Screen Australia COO Grainne Brunsdon says: “Screen Australia is proud to be supporting FUTURE VISION once again. With Richard Gadd, Sally Wainwright and Soo Hugh to headline, the 2025 offering will be valuable for our Australian screen sector to come together and learn from key industry players on how we can continue to launch our stories onto a global stage. Considering our local industry is already one of innovation, strong community and resilience, we have good reason to get behind the event’s theme of Optimism.”
    Victorian Minister for Creative Industries Colin Brooks says, “Victoria’s screen industry has a strong track record of creating high-end television that captivates audiences across the globe. We’re proud to support the return of FUTURE VISION to Melbourne for another year. This event connects Australia’s leading screen storytellers with the creators of some the world’s most watched TV series. From global sensation Apple Cider Vinegar to forthcoming new series The Survivors, Victoria continues to be a global screen powerhouse.”
    Australians in Film Executive Director Peter Ritchie says; “There are real opportunities for the Australian screen sector globally, and we are so enormously grateful to our headline international guests, our co-Chairs, Screen Australia and VicScreen, all our industry partners, attendees and guests who are coming together so generously to prioritize a strategic approach to the ways we commission, develop and execute our Australian screen stories for international audiences.”
    FUTURE VISION is proudly supported by industry peers Walt Disney Company Australia & New Zealand, Netflix and Stan. Our Venue Partner is ACMI, our Official Hotel Partner is Sofitel Melbourne On Collins and our Supporting Partner is Scape.
    FUTURE VISION Media Enquiries
    Jane Lunn C/- LUNN &Co
    +61 402 248 811 | [email protected]
    Media enquiries
    Maddie Walsh | Publicist
    + 61 2 8113 5915  | [email protected]
    Jessica Parry | Senior Publicist (Mon, Tue, Thu)
    + 61 428 767 836  | [email protected]
    All other general/non-media enquiries
    Sydney + 61 2 8113 5800  |  Melbourne + 61 3 8682 1900 | [email protected]

    MIL OSI News

  • MIL-OSI Australia: Have you seen this vehicle in the southern suburbs?

    Source: New South Wales – News

    Police are seeking assistance from the public following an incident in the southern suburbs earlier this week.

    Crime Gangs Task Force Detectives are investigating a serious assault that occurred about 6.30pm on Tuesday 3 June.  It will be alleged a man was taken by force from a retail shop on Honeypot Road at Huntfield Heights and driven around the area.

    Police will allege the victim, a 24-year-old man from Parafield Gardens, was assaulted by the occupants of a silver 2017 Mitsubishi Triton with a canopy (see picture), at Sports Park Drive, Morphett Vale.

    The man was taken by SAAS members to hospital, where he was treated for non-life threatening injuries.

    Following an investigation, Detectives arrested a 29-year-old man from Port Noarlunga, he was charged with aggravated assault and aggravated theft.  He was granted police bail to appear in court at a later date.

    A 27-year-old man from Hackham was arrested and charged with aggravated kidnapping, aggravated assault and aggravated theft.  He was refused police bail and appeared in Christies Beach Magistrate Court on Wednesday 4 June where he was remanded in custody.

    A 20-year-old man from Moana was arrested and charged with aggravated kidnapping, aggravated assault and aggravated theft.  The man is alleged to be a member of the Comanchero MC and he will appear in the Christies Beach Magistrates court later today (Friday 6 June).

    Police believe this was not a random incident and there is no risk to the community.

    Investigators are seeking witnesses, CCTV and dash cam footage of the incident on Sports Park Drive, Huntfield Heights.  Anyone who may have seen a silver 2017 Mitsubishi Triton being driven erratically and at a high speed on the Southern Expressway between 5.45pm and 6.30pm on Tuesday 3 June to contact Crime Stoppers.  You can anonymously provide information to Crime Stoppers online at https://crimestopperssa.com.au or free call 1800 333 000.

    CO2500023241

    CO2500023452

    MIL OSI News

  • MIL-OSI New Zealand: Events – Fashionably late, but worth the wait! New opening date announced for DIVA at Auckland Museum

    Source: Tāmaki Paenga Hira Auckland War Memorial Museum

    Exclusive international exhibition brings global icons to Auckland from Saturday 28 June

    This month, Tāmaki Paenga Hira Auckland War Memorial Museum welcomes the spectacular international exhibition DIVA, with a new opening date announced for Saturday 28 June 2025.

    Exclusive to Auckland, DIVA is a bold celebration of iconic performers who have defined eras, challenged norms and changed the world through the power of performance.

    Developed by London’s Victoria and Albert Museum (V&A), DIVA showcases over 280 objects, including fashion, photography, costumes, music, and design, featuring trailblazing performers who have made their voices heard from the 19th century to today.

    DIVA © Victoria and Albert Museum, London

    Through theatrical staging and an immersive musical soundtrack experience, DIVA explores stories of the creativity, ambition, and resilience of some the world’s best-known divas, from opera goddesses and silent movie stars to Hollywood leg

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Buggin’ Brilliant at Mist of Life

    Source: Auckland Council

    It’s not every day a TV icon and one of Aotearoa’s most loved scientist personalities turns your local park into a lab – but that’s exactly what happened when Ruud Kleinpaste, a.k.a the Bug Man, hit Kohuora Park in Papatoetoe.

    Ruud is a naturalist, entomologist (a scientist who studies insects) and host of the Animal Planet series Buggin’ with Ruud.

    On 2 May, over 120 students, teachers, and the Sustainable Schools team gathered at Kohuora Park for a day of discovery, connection, and environmental action, made possible with funding from Ōtara-Papatoetoe Local Board.

    Board chair Apulu Reece Autagavaia says, “We need to care for and protect our public green spaces so that flora and fauna can thrive – so we don’t have to visit a zoo or head deep into the bush to experience wildlife right here in our urban areas.”

    Thumbs up and all hands on deck! Photo credit: Sustainable Schools.

    From kindergartens to colleges, schools across Puhinui came together in one of Papatoetoe’s best-kept secrets – Kohuora Park, a 34-million-year-old volcanic crater turned thriving wetland. Teeming with native wildlife, rich history, and cultural stories, Kohuora – meaning “mist of life”, honours the giant god Matāoho, whose footsteps shaped Tāmaki Makaurau’s volcanic landscape.

    A young scientist marvels at what he has discovered with Ruud.

    Ruud shares why, if we truly care about the planet, we need to ask ourselves some honest questions: How do the other species we share Earth with see us? Are we kind, generous, and respectful – or are we falling short?

    “Over the years, I’ve come to believe that true environmental education is the foundation for becoming nature-literate. And it starts with empowering our teachers to teach outdoors. When we do that, we create generation after generation of children who not only understand nature but learn from it.

    Bug Man in action! Ruud inspires curious minds at Kohuora Park. Photo credit: Sustainable Schools.

    “Because that’s the heart of it: we don’t just learn about nature or in nature – we learn from nature. We begin to see the connections in everything. Nature runs on sunlight, uses only what it needs, and wastes nothing. It thrives on diversity, local wisdom, and life-friendly chemistry. It’s humbling and inspiring. What an incredible planet – and what an extraordinary outdoor classroom we have right at our feet,” says Ruud.

    The day began with a warm welcome from Ngāti Tahinga Wilson of Ngāti Te Ahiwaru, who share the park’s cultural importance as a historic portage site. Image: Sustainable Schools.

    Guided by Mātātahi Taiao – a Māori-led youth climate initiative in Tāmaki Makaurau, Auckland Council Rangatahi Advisors, and leading scientists like fungi expert Dr. Peter Buchanan, students explored ecosystems through a Māori lens and hands-on science stations covering insects, birds, trees, fungi, pest control, and water quality.

    Kohuora Park, Papatoetoe. A thriving natural habitat.

    Why It Matters

    Sustainable school’s advisor Cate Jessep says, “It was a valuable hands-on opportunity for teachers, students, and the wider community to connect with this special local place during Saturday’s community day. This work is more than just science, it’s about identity, guardianship, real world learning, inclusion and future leadership. As tamariki (children) engage with their local environment, they discover that they are part of it, and that they can protect it.”

    Throughout the day, they learned new kupu (words), deepened their connection to nature, and strengthened their understanding of how to care for te taiao (the environment).

    Stay up to date 

    Sign up for your Local Board E-news and get the latest news and events direct to your inbox each month. Or follow us on Facebook.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Woman seriously hurt in hit-and-run incident

    Source: New Zealand Police

    Police are working to locate the driver of a red ute involved in a hit-and-run crash that left a woman seriously injured in Rotorua last night.

    The crash happened about 9pm, near the intersection of Haupapa Street and Tuanekai Street.

    After striking the victim, the vehicle drove east on Haupapa Street towards Fenton Street, Detective Sergeant Philip Wilkinson said.

    The vehicle involved was still being sought by Police.

    “This incident easily could have been fatal, and it’s important we hear from anyone who saw it happen, and anyone who witnessed an interaction between a woman and the driver of a red ute immediately prior.

    “We are reviewing CCTV from the area, but if you have any information or cell phone footage, please contact us as soon as possible.”

    If you have information that may assist, please contact Police online at 105.police.govt.nz, clicking “Update Report”, or call 105.

    Please use the reference number 250605/9241.

    ENDS

    Issued by the Police Media Centre

    MIL OSI New Zealand News

  • MIL-OSI USA: Gang Member Convicted by Jury for his Part in Murder

    Source: US State Government of Utah

    Following a one-week trial, a federal jury in Memphis convicted a member of the Unknown Vice Lords (UVL) — a violent street gang in Memphis — for his involvement in a gang-related murder, after deliberating for less than hour.

    According to court documents and evidence presented at trial, Vincent Grant, also know as “V-Slash,” 41, of Memphis, was a high-ranking member of UVL, also known as The Ghost Mob — a criminal enterprise that controlled territory throughout the entire city of Memphis and beyond to Arkansas and Mississippi. Members of UVL committed murders, burglaries, assaults, human trafficking, and drug trafficking on behalf of the enterprise. When the gang’s Supreme Elite Chief, the leader for the entire state of Tennessee, was murdered, the gang sought retaliation against anyone thought to be involved.

    As proven at trial, on Jan. 10, 2019, the gang’s Supreme Elite Chief and his girlfriend were murdered in a residential neighborhood in broad daylight. The gang sought retaliation that same night against a rival gang, the Traveling Vice Lords (TVL) whom they initially believed to have been responsible. Multiple UVL members drove to a known TVL hangout and engaged in a gun battle with the other gang. During the next few days, UVL conducted its own internal investigation and were informed that a fellow member was thought to be responsible for their Chief’s murder.

    Five days after the Chief was murdered, on Jan. 15, 2019, the implicated member, the victim for this trial, was murdered at the hands of Grant and other UVL members. On Jan. 14, 2019, Grant, as a keeper of guns for the gang, provided guns to multiple gang members for the purpose of going on a “demo,” which is the gang’s term for committing violent acts.  Then early the next morning at around 1:00 a.m., Grant and three other gang members drove the victim to an apartment complex, where two of them executed the victim with the guns Grant provided.

    “This violent gang brutally executed one of their own and left the body on display as a warning that betrayal would not be tolerated,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “Their blatant disregard for human life — carrying out shootings in broad daylight and in residential neighborhoods—underscores the urgent need to confront and dismantle this threat to public safety. The Justice Department and the ATF turned this case from a cold case into a conviction, and we remain committed to working closely with law enforcement to tackle even the most challenging cases. Our warning to street gangs is clear: their violence will not be tolerated.”

    “Gang violence is never isolated — it endangers entire communities,” said Acting Director Daniel Driscoll of the Bureau of Alcohol, Tobacco, Firearms and Explosives. “This gang’s brutal executions, carried out openly in residential neighborhoods in broad daylight, sent a chilling message of intimidation; but ATF and our law enforcement partners sent an even stronger one back: violence and fear will not prevail. We remained dedicated to protecting the community and unraveled this deadly conspiracy to ensure justice was done. We remain relentless in our commitment to dismantle gangs that threaten public safety, and we’ll continue to hold accountable, those who inflict violence in our communities.”

    The jury convicted Grant of causing death by use of a firearm during and in relation to a crime of violence, that being murder in aid of racketeering. He is scheduled to be sentenced on Sept. 19 and faces up to life in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives investigated the case. The Tennessee Bureau of Investigation, Federal Bureau of Investigation, Memphis Police Department, and United States Secret Service assisted in the investigation.

    Trial Attorneys Lisa Thelwell and Christopher Usher of the Criminal Division’s Violent Crime and Racketeering Section are prosecuting the case with substantial assistance from the U.S. Attorney’s Office for the Western District of Tennessee.

    This case is part of the Criminal Division’s Violent Crime Initiative to prosecute violent crimes in Memphis, Tennessee. The Criminal Division and the U.S. Attorney’s Office for the Western District of Tennessee have partnered, along with local, state, and federal law enforcement agencies, to confront violent crimes committed by gang members and associates through the enforcement of federal laws and use of federal resources to prosecute the violent offenders and prevent further violence. 

    MIL OSI USA News

  • MIL-OSI Security: Gang Member Convicted by Jury for his Part in Murder

    Source: United States Attorneys General

    Following a one-week trial, a federal jury in Memphis convicted a member of the Unknown Vice Lords (UVL) — a violent street gang in Memphis — for his involvement in a gang-related murder, after deliberating for less than hour.

    According to court documents and evidence presented at trial, Vincent Grant, also know as “V-Slash,” 41, of Memphis, was a high-ranking member of UVL, also known as The Ghost Mob — a criminal enterprise that controlled territory throughout the entire city of Memphis and beyond to Arkansas and Mississippi. Members of UVL committed murders, burglaries, assaults, human trafficking, and drug trafficking on behalf of the enterprise. When the gang’s Supreme Elite Chief, the leader for the entire state of Tennessee, was murdered, the gang sought retaliation against anyone thought to be involved.

    As proven at trial, on Jan. 10, 2019, the gang’s Supreme Elite Chief and his girlfriend were murdered in a residential neighborhood in broad daylight. The gang sought retaliation that same night against a rival gang, the Traveling Vice Lords (TVL) whom they initially believed to have been responsible. Multiple UVL members drove to a known TVL hangout and engaged in a gun battle with the other gang. During the next few days, UVL conducted its own internal investigation and were informed that a fellow member was thought to be responsible for their Chief’s murder.

    Five days after the Chief was murdered, on Jan. 15, 2019, the implicated member, the victim for this trial, was murdered at the hands of Grant and other UVL members. On Jan. 14, 2019, Grant, as a keeper of guns for the gang, provided guns to multiple gang members for the purpose of going on a “demo,” which is the gang’s term for committing violent acts.  Then early the next morning at around 1:00 a.m., Grant and three other gang members drove the victim to an apartment complex, where two of them executed the victim with the guns Grant provided.

    “This violent gang brutally executed one of their own and left the body on display as a warning that betrayal would not be tolerated,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “Their blatant disregard for human life — carrying out shootings in broad daylight and in residential neighborhoods—underscores the urgent need to confront and dismantle this threat to public safety. The Justice Department and the ATF turned this case from a cold case into a conviction, and we remain committed to working closely with law enforcement to tackle even the most challenging cases. Our warning to street gangs is clear: their violence will not be tolerated.”

    “Gang violence is never isolated — it endangers entire communities,” said Acting Director Daniel Driscoll of the Bureau of Alcohol, Tobacco, Firearms and Explosives. “This gang’s brutal executions, carried out openly in residential neighborhoods in broad daylight, sent a chilling message of intimidation; but ATF and our law enforcement partners sent an even stronger one back: violence and fear will not prevail. We remained dedicated to protecting the community and unraveled this deadly conspiracy to ensure justice was done. We remain relentless in our commitment to dismantle gangs that threaten public safety, and we’ll continue to hold accountable, those who inflict violence in our communities.”

    The jury convicted Grant of causing death by use of a firearm during and in relation to a crime of violence, that being murder in aid of racketeering. He is scheduled to be sentenced on Sept. 19 and faces up to life in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives investigated the case. The Tennessee Bureau of Investigation, Federal Bureau of Investigation, Memphis Police Department, and United States Secret Service assisted in the investigation.

    Trial Attorneys Lisa Thelwell and Christopher Usher of the Criminal Division’s Violent Crime and Racketeering Section are prosecuting the case with substantial assistance from the U.S. Attorney’s Office for the Western District of Tennessee.

    This case is part of the Criminal Division’s Violent Crime Initiative to prosecute violent crimes in Memphis, Tennessee. The Criminal Division and the U.S. Attorney’s Office for the Western District of Tennessee have partnered, along with local, state, and federal law enforcement agencies, to confront violent crimes committed by gang members and associates through the enforcement of federal laws and use of federal resources to prosecute the violent offenders and prevent further violence. 

    MIL Security OSI

  • MIL-OSI: Hanmi Bank Hosts Grand Opening Celebration of New Branch in Duluth, Georgia

    Source: GlobeNewswire (MIL-OSI)

    DULUTH, Ga., June 05, 2025 (GLOBE NEWSWIRE) — Hanmi Financial Corporation (Nasdaq: HAFC) (“Hanmi”), the holding company for Hanmi Bank, today welcomed local officials and community members to its grand opening celebration for its newest branch in Duluth, Georgia. Honored guests included Georgia State Representative Long Tran (Dist. 80), and Gwinnett County Commissioner Kirkland Carden. They were joined by several Hanmi Bank executives, including Bonnie Lee, President and CEO, Anthony Kim, Chief Banking Officer, and Cindy Yum, who serves as Branch Manager for the new Duluth location.

    The Duluth branch is Hanmi’s first full-service branch in Georgia, located at 2330 Pleasant Hill Road, Suite 100 – less than 30 miles from Atlanta. Georgia continues to be a key hub for Korean business investment and expansion. In fiscal year 2023, Korean companies announced over $10 billion in new investments and the creation of more than 12,600 jobs across the state, according to the Office of the Governor. Total trade between Georgia and Korea reached $17.5 billion last year, underscoring the strength of this dynamic economic partnership.

    “Our expansion in Georgia is an important step in our growth plans, and we’re excited to be a part of this community,” said Bonnie Lee, President and Chief Executive Officer of Hanmi Financial Corporation. “Duluth is a vibrant and diverse city that values business opportunity and community strength. We look forward to supporting local businesses and individuals, and contributing to the continued economic vitality of this region through our relationship-based banking model.”

    Hanmi Bank Duluth Branch offers a comprehensive range of personal and business banking services, including checking and savings accounts, commercial lending, SBA loans, and specialized financial solutions. Bank hours are Monday to Friday, 9:00 AM to 5:00 PM.

    About Hanmi Financial Corporation
    Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches, five loan production offices and three loan centers in California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia and Washington. Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small and middle market businesses. Additional information is available at www.hanmi.com.

    Contact
    Kelly McAndrew
    Financial Profiles, Inc.
    310-622-8239
    kmcandrew@finprofiles.com

    Source: Hanmi Bank

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1979e6ea-5852-40ca-a7fe-5713ce755da3

    The MIL Network

  • MIL-OSI Security: FBI and Local Partners Interrupt IED and Mass Shooting Event

    Source: US FBI

    The FBI Portland Field Office and local law enforcement partners arrested a Columbia County, Oregon, juvenile who conspired to conduct an improvised explosive attack and mass shooting at the Three Rivers Mall in Kelso, Washington, on May 22, 2025.

    The teen, whose name will not be released due to an effort to limit public disclosure of a minor, was arrested on the morning of May 22, 2025, by deputies from the Columbia County Sheriff’s Office.

    The detailed and imminent attack plans were reported to the FBI on May 19, 2025. Immediately, the FBI began working with our partners to identify the suspect who was responsible for the threat. The subject was identified the next day, May 20, as a juvenile Columbia County resident who shared nihilistic violent extremist ideology and the plans in online chats. The suspect was placed under court-authorized surveillance for public
    safety concerns, and a federal search warrant was planned and executed on May 22, 2025, prior to the arrest.

    The suspect demonstrated the intent and means to carry out their plan, which included precise details such as a map of the mall, a route the shooter would follow, a plan to use an improvised explosive device commonly known as a chlorine bomb to incite panic, and then to shoot mall patrons as they were exiting the movie theatre before ultimately committing suicide at a pre-determined location in the mall.

    An alarming amount of indicators of a cogent path to violence were met—at no point in this plan did it seem like the suspect wouldn’t follow through with their plans. 

    “This plot was as serious as it gets,” said FBI Portland Special Agent in Charge Douglas A. Olson. “We, along with our partners, moved swiftly to interrupt this violent plan and to protect our community.” 

    Initial contact with the subject was made by the FBI, however the arrest was made by local law enforcement on state charges.

    The FBI encourages the public to report suspicious behavior to law enforcement and for parents to engage with their children and have an open dialogue about their online activity.

    The Columbia County District Attorney’s office is prosecuting this case.

    MIL Security OSI

  • MIL-OSI: Crypto Casino Trends 2025: Winna Prioritizes Speed and Privacy Over Flashy Bonuses

    Source: GlobeNewswire (MIL-OSI)

    Las Vegas, NV, June 05, 2025 (GLOBE NEWSWIRE) — Among several new entrants, Winna reflects a growing trend in crypto gambling: fast crypto payouts, privacy-centric onboarding, and a focus on esports betting. Its instant withdrawal time and privacy-first approach have earned it top rankings as the best crypto casino for players seeking speed and discretion.

    Winna’s streamlined interface, blockchain-native architecture, and smart bonus structures position it not just as an alternative—but as a frontrunner in the race for the best crypto casino experience.


    Platform Overview: Winna – A Crypto Casino for Modern Gamblers

    Winna is a lean, high-performance gambling platform tailored for cryptocurrency users. From its clean UI to its turbo-fast transactions, everything is built to match the expectations of today’s crypto-native players.

    Platform Highlights:

    • Launch: 2024
    • License: Tobique Gaming License
    • Game Library: 2,000+ titles (slots, tables, live games, esports, sportsbook)
    • Crypto Accepted: BTC, ETH, DOGE, USDT, SOL, BNB, TRX, LTC, USDC 
    • Average Withdrawal Time: <10 minutes
    • Verification: No KYC for crypto users

    As a top-rated crypto casino, Winna competes directly with longer-established platforms by excelling in three areas: speed, privacy, and personalized rewards.


    Why Winna Is the Crypto Casino for Privacy and Payout Speed

    Online forums, Telegram groups, and gambling review sites consistently highlight why Winna is emerging as one of the best crypto casinos on the market:

    • Verified Fast Withdrawals:
      Crypto users report consistent sub-10-minute withdrawal speeds. Bitcoin withdrawals often complete in under 12 minutes, placing Winna among the fastest-paying crypto casinos today.
    • No-KYC Simplicity:
      Players register with just an email—no documents, no verification delay. This level of anonymity is rare, even among so-called best crypto casino options.
    • Game Quality and Focus:
      Rather than padding its numbers with low-tier games, Winna offers over 2,000 high-quality titles. Feedback from early users helped shape its game portfolio, emphasizing high-RTP slots and competitive esports betting—features core to any best crypto casino rating.
    • Crypto-Friendly Promotions:
      Bonuses are structured with crypto players in mind. Instead of convoluted fiat-like wagering requirements, Winna’s promos reward play activity, not paperwork.
    • 24/7 Support:
      A core expectation of a best bitcoin casino is round-the-clock assistance. Winna meets this standard with live chat, email, and Telegram support in multiple languages.
    • Enterprise-Grade Security:
      With 2FA, SSL, cold wallet crypto storage, and provably fair games, Winna meets all the requirements for being a trusted and secure crypto casino.


    Bonuses That Set Winna Apart from Other Crypto Casinos

    Where many platforms offer flashy but hollow promotions, Winna focuses on value-driven bonus structures that reward real players:

    • Welcome Package:
      New players receive a 60% rakeback deal and a deposit bonus. This combination makes it one of the best bonus packages among crypto casinos.
    • Daily/Weekly Tournaments:
      Compete for share in $25,000 prize pools, win free spins, and participate in rotating slot events—standard perks among top crypto casinos.
    • Real Cashback:
      Automatic cashback on net losses increases retention and offers consistent value—a key feature of the best crypto gambling sites.
    • Esports-Focused Offers:
      Esports fans get unique bet insurance and odds boosts, positioning Winna as not just the best bitcoin casino, but one of the few built with esports bettors in mind.
    • Loyalty VIP Club:
      Earn faster payouts, exclusive tournaments, and tiered bonuses. The VIP program is a major draw for high-volume players across Reddit crypto casino communities.


    Game Library: Why Winna Delivers One of the Best Crypto Casino Experiences

    Winna may not have the biggest library, but it’s carefully built for maximum entertainment value, ensuring every title contributes to a high-quality crypto gambling experience.

    • Top-Tier Slots:
      Sweet Bonanza, Gates of Olympus, and dozens of bonus-buy, high-RTP options make Winna’s selection one of the most player-friendly in the best crypto casino category.
    • Live Dealer Games:
      Blackjack, roulette, and live game shows hosted by real dealers 24/7—streamed in HD and optimized for mobile.
    • Table Games:
      Multi-version blackjack, poker, and roulette variants allow both casual and expert players to thrive.
    • Crypto Sportsbook & Esports Betting:
      Bet on esports tournaments and real-world sports events with competitive odds and real-time stats. These features elevate Winna into the elite tier of crypto casinos with integrated sportsbooks.
    • Instant Win and Crash Games:
      Perfect for quick-session players who prefer high-volatility, fast-paced experiences.


    Crypto Support and Security: Foundation of the Winna Crypto Casino

    Accepted Coins:

    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Tether (USDT)
    • Binance Coin
    • Solana (SOL)
    • Dogecoin (DOGE)
    • Litecoin (LTC)
    • Tron (TRX)
    • USDC (USDC)

    Fiat-to-Crypto Integration (coming soon):

    • Visa
    • Apple Pay
    • Mastercard
    • Google Pay

    Security Systems:

    • SSL encryption on all data
    • Cold wallet storage of crypto funds
    • Two-factor authentication
    • Fairness-verified RNG and provably fair systems
    • GDPR-compliant data privacy protocols

    Together, these systems reinforce Winna’s role as one of the safest crypto casinos in 2025.


    Pros and Cons: Why Winna is Among the Best Crypto Casinos

    Pros Cons
    5-minute average crypto withdrawals Fiat payment features still in development
    No KYC needed for crypto play Smaller game count than legacy platforms
    Excellent esports and sportsbook features  
    High-value welcome bonus & rakeback  
    Secure, anonymous crypto transactions  
    24/7 multilingual customer support  

    Winna’s mobile-optimized site delivers full access to the platform on any device—iOS or Android. Players can launch slots, watch live dealer games, and place real-time sports bets without losing functionality or speed.


    Responsible Gambling Measures

    As expected from any best crypto casino, Winna offers built-in player protection tools:

    • Daily/monthly deposit caps
    • Session time reminders
    • Temporary and permanent self-exclusion
    • “Cool off” features for short-term breaks
    • Integration with problem gambling helplines and support networks


    FAQ – Quick Answers for Players Choosing Winna

    Is Winna the best crypto casino for 2025?
    Yes. Its speed, privacy, bonuses, and security place it among the absolute top crypto gambling sites this year.

    Are withdrawals really under 10 minutes?
    Yes. Most crypto withdrawals are processed within 6–8 minutes.

    Do I need to verify my identity?
    No. Crypto users can register and play completely anonymously.

    Can I play on my phone?
    Yes. The platform is fully mobile-optimized for browser play.

    Does Winna support fiat deposits?
    Not yet, but on-platform crypto purchases using Visa/Mastercard are in development.

    What makes Winna different from other top crypto casinos?
    It prioritizes privacy, esports integration, player-focused rewards, and speed—without bloated extras or delays.


    Final Thoughts: Why Winna Is the Best Crypto Casino for Real Players

    Winna isn’t just another crypto casino—it’s a purpose-built ecosystem designed for speed, fairness, and real player value. Its withdrawal speed, no-KYC onboarding, competitive esports betting, and rakeback structure all align with what today’s crypto users want.
    Unlike platforms that rely heavily on marketing spin, Winna delivers consistent, measurable value where it matters most. While Jackbit was once considered a strong option, its recent wave of negative press, delayed payouts, and inconsistent bonus policies have significantly tarnished its reputation. Many experienced players now consider it unreliable and no longer representative of the crypto-first gambling model.

    If you’re looking for the best crypto casino for 2025, Winna is not just a contender—it’s already the choice for thousands of informed players.

    Disclaimer: 

    Gambling entails risks and should be approached with caution. Users must be of legal gambling age in their jurisdiction. This article is for informational and promotional purposes only and does not constitute financial advice.

    Always gamble responsibly and within your means. The publisher, affiliates, and authors are not liable for losses arising from use of this content. Brand names and trademarks belong to their respective owners.

    The MIL Network

  • MIL-OSI: Xtract One Announces Third Quarter Fiscal 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 05, 2025 (GLOBE NEWSWIRE) —  Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) (“Xtract One” or the “Company”) a leading technology-driven threat detection and security solution that prioritizes the patron access experience by leveraging AI, today announced fiscal third quarter results for the three months ended April 30, 2025. All information is in Canadian dollars unless otherwise indicated.

    Third Quarter Highlights

    • Quarterly revenue of $3.5 million for the three months ended April 30, 2025 versus $4.7 million in the prior-year period.
    • Gross margin of 57% for the third quarter of fiscal 2025 versus 58% in the prior-year period.
    • Total contract value of new bookings1 was $4.6 million for the three months ending April 30, 2025 as compared to $9.5 million for the same period last year.
    • Contractual backlog was $15.4 million at the end of the third quarter as compared to $13.8 million in the prior-year period, excluding an additional $21.1 million of agreements pending installation1 versus approximately $12.8 million at the end of the third quarter of fiscal 2024.
    • Subsequent to the quarter, the Company announced that its new innovative security platform, Xtract One Gateway, has been certified in Canada and the U.S and is on track to start shipping in July, with a current aggregate order value of approximately $6.7 million across five different customers. The Company has completed numerous demonstrations and trials across the education, healthcare and manufacturing and distribution markets.

    “While revenue was lower than anticipated for the quarter due to some delayed deployments, we remain on track for a solid year of performance and continue to have a growing backlog that strengthens our outlook for the future,” stated Peter Evans, Chief Executive Officer of Xtract One. “As recently announced, our Xtract One Gateway will start shipping this July, and we already have $6.7 million of orders in hand. While increasing our expectations for the quarters to come, recent investments in inventory and product rollout reduced our cash level during the period, which was expected. At the same time, we’ve announced several exciting developments including new wins with the Colorado Rockies and an international entertainment giant which, along with other awards, position us well for the year ahead. We remain upbeat about the fourth quarter and look to end fiscal 2025 on a high note.”

    Financial Results for the Three Month Period Ended April 30, 2025

    Consolidated revenue was $3.5 million for the three months ended April 30, 2025 as compared to $4.7 million for the same period last year, reflecting timing of order deployments. Gross profit was $2.0 million, or a gross profit margin of 57%, in the fiscal 2025 third quarter versus $2.7 million, or a gross profit margin of 58%, in the prior-year period.

    Comprehensive loss was $3.3 million for the three month period ended April 30, 2025 as compared to $2.7 million for the same period in fiscal 2024, reflecting a reduced gross profit offset by lower overall operating costs.

    This press release should be read in conjunction with the Company’s Unaudited Condensed Consolidated Interim Financial Statements, prepared in accordance with International Financial Reporting Standards (“IFRS”) and the Company’s Management’s Discussion and Analysis for the three and nine month periods ended April 30, 2025 and 2024, which can be found on the Company’s website and under the Company’s profile on SEDAR+ at www.sedarplus.ca.

    Conference Call Details

    Xtract One will host a conference call to discuss its results tomorrow, June 6, 2025 at 10:00 am EST. Peter Evans, Xtract One CEO and Director, and Karen Hersh, CFO and Corporate Secretary, will provide an overview of the interim financial results along with management’s outlook for the business, followed by a question-and-answer period.

    The webcast and presentation will be accessible on the company’s website. The webcast can be accessed here and the telephone number for the conference call is 844-481-3016 (412-317-1881 for international callers).

    About Xtract One Technologies

    Xtract One Technologies is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The Company makes unobtrusive weapons and threat detection systems that are designed to assist facility operators in prioritizing- and delivering improved “Walk-right-In” experiences while enhancing safety. Xtract One’s innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic. With solutions built to serve the unique market needs for schools, hospitals, arenas, stadiums, manufacturing, distribution, and other customers, Xtract One is recognized as a market leader delivering the highest security in combination with the best individual experience. For more information, visit www.xtractone.com or connect on Facebook, Twitter, and LinkedIn

    About Threat Detection and Security Solutions

    Xtract One solutions, when properly configured, deployed, and utilized, are designed to help enhance safety and reduce threats. Given the wide range of potential threats in today’s world, no threat detection system is 100% effective. Xtract One solutions should be utilized as one element in a multilayered approach to physical security.

    For further information, please contact:

    Xtract One Inquiries: info@xtractone.com, http://www.xtractone.com    
    Media Contact: Kristen Aikey, JMG Public Relations, 212-206-1645, kristen@jmgpr.com
    Investor Relations: Chris Witty, Darrow Associates, 646-438-9385, cwitty@darrowir.com

    1Supplementary Financial Measures:

    The Company utilizes specific supplementary financial measures in this earnings release to allow for a better evaluation of the operating performance of the Company’s business and facilitates meaningful comparison of results in the current period with those in prior periods and future periods. Supplementary financial measures do not have any standardized meaning prescribed under IFRS and therefore may not be comparable to measures presented by other companies. Supplementary financial measures presented in this earnings release include ‘Agreements pending installation’ and ‘Total contract value of new bookings.’ Agreements pending installation reflects total value of signed contracts awarded to the Company that has not been installed at the customer site. ‘Total contract value of new bookings’ is comprised of all new contracts signed and awarded to the Company, regardless of the performance obligations outstanding as of the end of the reporting period. Total contract value is the aggregate value of sales commitments from customers as at the end of the reporting period without consideration of the Company’s completion of the associated performance obligations outlined in each contract.

    CAUTIONARY DISCLAIMER STATEMENT:

    This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipates”, “expects”, “believes”, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include but are not limited to the risks detailed from time to time in the continuous disclosure filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

    No securities exchange or commission has reviewed or accepts responsibility for the adequacy or accuracy of this release.

    Unaudited Interim Statements of Loss and Comprehensive Loss for the Three and Nine Months Ended April 30, 2025 and 2024

    The following table is extracted from the Company’s unaudited condensed consolidated interim financial statements and presented in Canadian dollars to demonstrate the Statements of Loss and Comprehensive loss for the three and nine months ended April 30, 2025 and 2024:

          Three months ended April 30,   Nine months ended April 30,  
            2025       2024       2025       2024    
                         
    Revenue   $ 3,466,433     $ 4,683,639     $ 10,506,459 $ 10,720,050  
                         
    Cost of revenue     1,489,181       1,977,223       3,811,031       4,145,551    
                         
    Gross profit   $ 1,977,252     $ 2,706,416     $ 6,695,428     $ 6,574,499    
                         
    Operating expenses                  
      Selling and marketing   $ 1,563,446     $ 1,259,445     $ 4,451,180     $ 4,066,829    
      General and administration     1,854,764       1,936,552       5,367,644       5,277,387    
      Research and development     1,638,988       2,182,756       5,078,617       5,967,553    
      Loss on inventory write-down     26,868       4,167       308,297       111,180    
      Loss on retirement of assets     2,029       40,538       23,704       40,538    
    Total operating expenses   $ 5,086,095     $ 5,423,458     $ 15,229,442     $ 15,463,487  
                         
    Loss before the undernoted     (3,108,843 )     (2,717,042 )     (8,534,014 )     (8,888,988 )  
                         
    Other income                  
      Interest and other income     28,606       44,704       170,196       197,287    
                         
    Net loss for the period   $ (3,080,237 )   $ (2,672,338 ) $ (8,363,818 )   $ (8,691,701 )
                         
    Other comprehensive income (loss) for the period                
      Currency translation differences for foreign operations     (197,348 )           348,771          
                         
    Comprehensive loss for the period   $ (3,277,585 )   $ (2,672,338 ) $ (8,015,047 )   $ (8,691,701 )
                         
    Weighted average number of shares     218,426,987       200,110,734       218,415,199       198,924,490    
                         
    Basic and diluted loss per share   $ (0.02 )   $ (0.01 )   $ (0.04 )   $ (0.04 )  
                         

    Unaudited Interim Statements of Financial Position as of April 30, 2025 and July 31, 2024

    The following table is extracted from the Company’s unaudited condensed consolidated interim financial statements and presented in Canadian dollars to demonstrate the Company’s financial position as of April 30, 2025 and July 31, 2024:

          April 30, 2025   July 31, 2024
    Assets        
    Current assets        
      Cash and cash equivalents (Note 15)   $ 1,921,103     $ 8,628,521  
      Receivables (Note 4)     1,301,903       3,862,199  
      Prepaid expenses and deposits     2,423,043       949,012  
      Current portion of deferred cost of revenue (Note 6)     397,649       371,309  
      Inventory (Note 5)     3,463,467       3,688,246  
               
            9,507,165       17,499,287  
               
    Property and equipment (Note 7)     2,326,031       2,135,956  
    Intangible assets (Note 8)     4,730,705       4,465,755  
    Non-current portion of deferred cost of revenue (Note 6)     280,467       496,868  
    Right of use assets (Note 9)     928,941       344,304  
               
    Total assets   $ 17,773,309     $ 24,942,170  
               
    Liabilities        
    Current liabilities        
      Accounts payable and accrued liabilities   $ 1,771,976     $ 3,991,292  
      Current portion of deferred revenue (Note 10)     5,247,967       3,443,524  
      Current portion of lease liability (Note 9)     156,797       190,400  
               
            7,176,740       7,625,216  
    Non-Current liabilities        
      Non-current portion of deferred revenue (Note 10)     2,841,068       3,155,579  
      Non-current portion of lease liability (Note 9)     923,972       190,526  
               
          $ 10,941,780     $ 10,971,321  
               
    Shareholders’ equity        
      Share capital (Note 13)   $ 144,398,090     $ 144,372,452  
      Contributed surplus     17,014,039       16,163,950  
      Accumulated deficit     (154,929,371 )     (146,565,553 )
      Accumulated other comprehensive income     348,771        
               
          $ 6,831,529     $ 13,970,849  
               
    Total liabilities and shareholders’ equity   $ 17,773,309     $ 24,942,170  
               

    Unaudited Interim Statements of Cash Flows for the Nine Months Ended April 30, 2025 and 2024

    The following table is extracted from the Company’s unaudited condensed consolidated interim financial statements and presented in Canadian dollars to demonstrate the Company’s cash flows for the nine month periods ended April 30, 2025 and 2024:

            Nine months ended April 30,    
              2025       2024      
    Cash flow used in operating activities            
      Loss for the period   $ (8,363,818 )   $ (8,691,701 )    
      Adjustment for:            
        Share-based compensation (Notes 13, 14)     858,758       668,555      
        Depreciation (Notes 7, 9, 12)     1,084,022       938,567      
        Amortization (Notes 8, 12)     637,279       604,425      
        Finance cost (Notes 9)     34,020       17,839      
        Loss on retirement of assets     23,704       40,538      
        Loss on inventory (Note 5)     308,297       111,180      
                     
              (5,417,738 )     (6,310,597 )    
      Changes in non-cash working capital            
        Receivables     2,610,436       (3,266,008 )    
        Prepaid expenses and deposits     (1,469,555 )     334,746      
        Inventory     (793,081 )     (3,664,444 )    
        Deferred cost of revenue (Note 6)     190,061       172,754      
        Accounts payable and accrued liabilities     (2,232,051 )     942,696      
        Deferred revenue     1,540,851       5,357,879      
                     
      Cash used in operating activities     (5,571,077 )     (6,432,974 )    
                     
    Cash flow used in investing activities            
      Purchase of property, plant and equipment (Note 7)     (185,045 )          
      Internally developed intangible assets (Note 8)     (729,730 )          
      Proceeds from disposal of property, plant and equipment     1,000            
      Acquisition of right of use asset (Note 9)     (5,028 )          
                     
      Cash used in investing activities     (918,803 )          
                     
    Cash flow used in financing activities            
      Proceeds on issue of share capital     16,970       8,131,985      
      Lease payments (Note 9)     (214,358 )     (286,066 )    
                     
      Cash (used) received in financing activities     (197,388 )     7,845,919      
                     
      Effect of exchange rate changes on cash and cash equivalents   (20,150 )          
                     
    Net (decrease) increase in cash and cash equivalents for the period $ (6,707,418 )   $ 1,412,945      
                     
    Cash and cash equivalents beginning of the period   8,628,521       8,327,449      
                     
    Cash and cash equivalents end of the period   $ 1,921,103     $ 9,740,394      
                     

    The MIL Network

  • MIL-OSI: Kyivstar Group Reports First Quarter 2025 Financial Results in Conjunction with its Nasdaq Listing Process

    Source: GlobeNewswire (MIL-OSI)

    • Total operating revenue reaches USD 255 million or UAH 10.6 billion, up 37.1% year-on-year in USD and 49.6% in local currency terms
    • Profit for the period amounts to USD 44 million, up 22.2% year-on-year in USD and 33.7% in local currency terms, with a profit margin of 17.3%
    • Adjusted EBITDA1 reaches USD 140 million, up 50.5% year-on-year in USD and 64.6% in local currency terms, with an adjusted EBITDA margin1 of 54.9%
    • Completes acquisition of Uklon, Ukraine’s leading ride-hailing business, and increases stake in Ukraine’s leading digital health platform Helsi, subsequent to quarter-end

    KYIV, Ukraine, June 05, 2025 (GLOBE NEWSWIRE) — Kyivstar Group, Ukraine’s leading digital operator (“Kyivstar Group” or “the Company”) and a subsidiary of VEON Ltd. (Nasdaq: VEON) (“VEON Group” or “VEON”), today announced its unaudited financial and operating results for the first quarter ended March 31, 2025.

      1Q25 1Q24 YoY 1Q25 1Q24 YoY
      USD mln or % UAH bln or %
    Total operating revenue 255 186 37.1 % 10.6 7.1 49.6 %
    Profit for the period 44 36 22.2 % 1.8 1.4 33.7 %
    Adj. EBITDA1 140 93 50.5 % 5.8 3.6 64.6 %
    Average UAH/USD exchange rates: 1Q25: 41.7563 UAH/USD; 1Q24: 38.1727 UAH/USD
    End-of period UAH/USD exchange rates as of March 31, 2025: 41.4787 UAH/USD; as of March 31, 2024: 39.2214 UAH/USD
    1For more information, see section titled “Presentation of Non-IFRS Financial Measures” at the end of this press release, including the reconciliations of non-IFRS measures to IFRS measures.
     

    “Kyivstar Group continues to deliver exceptional value to our customers and stakeholders, leveraging our market-leading network and innovative digital services to drive growth,” said Oleksandr Komarov, CEO of Kyivstar Group. “Our first quarter results reflect the strength of our digital operator strategy, delivering robust financial growth. In parallel, we continue to invest in strategic opportunities that drive Ukraine’s digital future, such as the acquisition of Uklon and increasing our stake in Helsi. We are excited to complement this operational performance with the continued progress towards our plans to list Kyivstar Group on the Nasdaq Stock Market.” 

    First Quarter 2025 Financial and Operational Highlights

    • Robust Revenue Growth: Total operating revenue for 1Q25 was USD 255 million, up 37.1% year-on-year in USD and 49.6% year-on-year in local currency terms. This result includes the impact of the customer appreciation program undertaken by the Company in the first quarter of 2024 following a cyber security incident at the end of 2023, which lowered revenue in the first quarter of 2024 by an estimated USD 46 million (UAH 1.7 billion) in value. Excluding the impact of the customer appreciation program, local currency revenue growth was 20.1% year-on-year in 1Q25.
    • Strong Profitability: Adjusted EBITDA for 1Q25 was USD 140 million, up 50.5% year-on-year. This represents an adjusted EBITDA margin of 54.9% in 1Q25. In local currency terms, 1Q25 adjusted EBITDA growth was 64.6% year-on-year, and adjusted EBITDA margin was 54.9%, driven by revenue growth and a decrease in operating costs. Excluding the impact of the customer appreciation program, local currency adjusted EBITDA growth was 10.2% year-on-year in 1Q25.
    • Multiplay Customers Supporting Growth: The Multiplay customer base, which are customers who use at least one digital application in addition to 4G data and voice connectivity, was up by 40.7% year-on-year to 6.1 million customers, and represented 29.5% of one-month-active mobile customersi reflecting increased adoption of digital products.
    • Digital Services Users: Total digital monthly active users across Kyivstar Group’s digital applications MyKyivstar, Kyivstar TV and Helsi reached 10.3 million in 1Q25, up 32.9% from 7.7 million a year earlier.

    Strategic Milestones:

    • Announced business combination agreement with Cohen Circle Acquisition Corp. I (Nasdaq: CCIR) (“Cohen Circle”), beginning the process for Kyivstar Group to be the only pure-play Ukrainian investment opportunity on U.S. stock markets.
    • Completed the acquisition of Uklon, a leading Ukrainian ride-hailing and delivery platform, for approximately USD 155.2 million in April 2025. Uklon operates in 28 cities across Ukraine and facilitated more than 100 million rides and 3 million deliveries in 2024, and also provides ride-hailing services in Uzbekistan.
    • Increased ownership stake in Helsi, Ukraine’s largest digital platform, from 69.99% to 97.99% in May 2025. Helsi is a digital data management platform supporting the provision of healthcare services and improving patients’ access to healthcare with over 9.4 million appointments booked in the year ended December 31, 2024.

    The results announcement is made concurrently with Kyivstar Group and VEON Holdings B.V.’s filing of a registration statement on Form F-4 (File No. 333-287802) in conjunction with Kyivstar’s anticipated listing on the Nasdaq Stock Market LLC (“Nasdaq”) following the anticipated completion of a business combination with Cohen Circle that was previously announced on March 18, 2025.

    With the announcement of its 1Q2025 results, Kyivstar Group also updated the investor presentation available to its potential investors. A copy of the investor presentation will be available on a Current Report on Form 8-K to be filed by Cohen Circle with the SEC and available at www.sec.gov.

    Additional Information and Where to Find It

    Kyivstar Group Ltd. and VEON Holdings B.V. have filed on June 5, 2025 a registration statement on Form F-4 (File No. 333-287802) (as may be amended from time to time, the “Registration Statement) as co-registrants that includes a preliminary proxy statement/prospectus of Cohen Circle and a preliminary prospectus of Kyivstar Group. When available, Cohen Circle will mail a definitive proxy statement/prospectus relating to the business combination and other relevant documents to its shareholders. This communication does not contain all the information that should be considered concerning the business combination and is not intended to provide the basis for any investment decision or any other decision in respect of the business combination. VEON, Cohen Circle and Kyivstar Group may also file other documents regarding the business combination with the SEC. Cohen Circle’s shareholders and other interested persons are advised to read, when available, the Registration Statement, the proxy statement/prospectus and other documents filed in connection with the business combination, as these materials will contain important information. Investors and shareholders will be able to obtain free copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed or will be filed with the SEC by Cohen Circle through the website maintained by the SEC website at www.sec.gov or by directing a written request to: Cohen Circle Acquisition Corp. I, 2929 Arch Street, Suite 1703, Philadelphia, PA 19104.

    About Kyivstar Group

    Kyivstar Group operates Ukraine’s leading digital operator, serving more than 23 million mobile customers and over 1.1 million home internet fixed line customers as of December 31, 2024. Kyivstar Group and its subsidiaries provide services across a wide range of mobile and fixed line technologies, including 4G, big data, cloud solutions, cybersecurity, digital TV, and more. VEON, together with Kyivstar Group, intends to invest USD 1 billion in Ukraine during 2023-2027, through social investments in infrastructure and technological development, charitable donations and strategic acquisitions. Kyivstar Group and its subsidiaries have been operating in Ukraine for more than 27 years. For more information, visit: www.kyivstar.ua.

    About VEON

    VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on Nasdaq. For more information, visit:https://www.veon.com.

    About Cohen Circle

    Cohen Circle Acquisition Corp. I is a special purpose acquisition company sponsored by investment firm Cohen Circle, LLC and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more technology and/or financial services businesses. Cohen Circle’s units, Class A ordinary shares and warrants are listed on Nasdaq under the symbols “CCIRU,” “CCIR” and “CCIRW,” respectively.

    No Offer or Solicitation

    This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the transactions mentioned herein or the proposed business combination with Cohen Circle. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

    Participants in the Solicitation

    Cohen Circle, Kyivstar Group, certain shareholders of Cohen Circle, VEON and certain of Cohen Circle’s, Kyivstar Group’s and VEON’s respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from the shareholders of Cohen Circle with respect to the proposed business combination. A list of the names of such persons and information regarding their interests in the proposed business combination is set forth in the Registration Statement. Free copies of these documents may be obtained from the sources indicated above.

    Financial Information Presented

    Kyivstar Group’s results and other financial information presented in this document are, unless otherwise stated, prepared in accordance with International Financial Reporting Standards (“IFRS”) and have not been externally reviewed and/or audited. The financial information included in this document is preliminary and is based on a number of assumptions that are subject to inherent uncertainties and subject to change. The financial information presented herein is based on internal management accounts, is the responsibility of management and is subject to financial closing procedures which have not yet been completed and has not been audited, reviewed or verified. Certain amounts and percentages that appear in this document have been subject to rounding adjustments. As a result, certain numerical figures shown as totals, may not be an exact arithmetic aggregation of the figures that precede or follow them. Although we believe the information to be reasonable, actual results may vary from the information contained above and such variations could be material. As such, you should not place undue reliance on this information. This information may not be indicative of the actual results for the current period or any future period.

    Forward-Looking Statements

    This press release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements generally are identified by the words “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “future,” “intend,” “may,” “opportunity,” “plan,” “project,” “should,” “strategy,” “will,” “will be,” “will continue,” “will likely result,” “would” and similar expressions (including the negative versions of such words or expressions).

    Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements relating to, among other things, the timing of the closing of the proposed business combination and the listing of Kyivstar Group’s common shares and warrants on Nasdaq, the expected investment opportunity in Kyivstar Group following the closing of the business combination, including the expectation that Kyivstar Group will be the only pure-play Ukrainian investment opportunity and the growth potential of Kyivstar Group. These statements are based on VEON, Cohen Circle and Kyivstar Group management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Kyivstar Group’s, VEON’s or Cohen Circle’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements in this press release, including, but not limited to, the inability to complete the business combination due to the failure to obtain the necessary shareholder approvals or to satisfy other conditions to closing; changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations; the decision by the SEC to deem effective the Registration Statement; the ability to meet the Nasdaq listing standards upon closing of the business combination and admission of Kyivstar Group for trading on Nasdaq; changes in applicable laws or regulations; the escalation or de-escalation of war between Russia and Ukraine; the successful integration of Uklon; continued growth in digital services; and other risks and uncertainties set forth in the section entitled “Risk Factors” included in the Registration Statement filed by Kyivstar Group with the SEC on June 5, 2025 and in any other subsequent filings with the SEC by Kyivstar Group or Cohen Circle. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON, Kyivstar Group and Cohen Circle cannot predict with accuracy and some of which neither VEON, Kyivstar Group nor Cohen Circle might not even anticipate. The forward-looking statements contained in this press release speak only as of the date of this release. VEON, Kyivstar Group and Cohen Circle do not undertake to publicly update any forward-looking statement to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events, except as required by U.S. federal securities laws.

    Presentation of Non-IFRS Financial Measures and Performance Metrics

    In addition to the results provided in accordance with IFRS throughout this press release, Kyivstar Group has provided the non-IFRS financial measures Adjusted EBITDA and Adjusted EBITDA Margin (the “Non-IFRS Financial Measures”), as well as key performance indicators mobile ARPU, multiplay customers and total digital MAU.

    Kyivstar Group defines Adjusted EBITDA as earnings before interest, tax, depreciation, amortization, impairment, gain/loss on disposals of non-current assets, net foreign exchange gain and other non-operating gains/losses, net. Kyivstar Group defines Adjusted EBITDA Margin as Adjusted EBITDA divided by total operating revenues. Kyivstar Group uses the Non-IFRS Financial Measures in addition to its results determined in accordance with IFRS in order to evaluate its financial and operating performance, to generate future operating plans and make strategic decisions. Kyivstar Group believes that the Non-IFRS Financial Measures may be helpful to investors because they provide additional tools for investors to use in evaluating its ongoing operating results and trends and in comparing its financial results with other companies operating in similar industries because they provide consistency and comparability with past financial performance. The Non-IFRS Financial Measures are not intended to replace, and should not be considered superior to, the presentation of the Kyivstar Group financial results in accordance with IFRS. The Non-IFRS Financial Measures may not be comparable to other similarly entitled measures computed by other companies.

    The following table presents reconciliations of Adjusted EBITDA and Adjusted EBITDA Margin to the most directly comparable IFRS financial performance measures, which are profit for the period and profit margin, respectively:

        Three months ended
    March 31,
    2025
      Three months ended
    March 31,
    2024
     
    (USD in millions)          
    Profit for the period   44     36  
    Income taxes   14     9  
    Profit before tax   58     45  
    Depreciation   31     31  
    Amortization   13     12  
    Impairment, net   2     1  
    Finance costs   21     21  
    Finance income   (7)     (8)  
    Other non-operating gain/(loss), net   1     (1)  
    Net foreign exchange (loss)/gain   21     (8)  
    Adjusted EBITDA   140     93  
    Profit margin   17%     19%  
    Adjusted EBITDA Margin   55%     50%  
                 

    Key Performance Indicators

    Mobile ARPU measures the monthly average revenue per mobile user. Kyivstar Group calculates mobile ARPU by dividing its mobile service revenue (excluding guest roaming and wholesale interconnection revenue) during the relevant period by the average number of its mobile customers during the period and dividing by the number of months in that period. Mobile service revenue used to calculate mobile ARPU excludes guest roaming and wholesale interconnection revenue, as this revenue is not generated by Kyivstar Group’s customers but are proceeds received by other operators for the services received by its subscribers.

    Multiplay customers are doubleplay 4G customers who also used one or more of Kyivstar Group’s digital products at any time during the one month prior to such measurement date.

    Total digital MAU is a gross total cumulative MAU of applications offered. Under this metric, a single individual who is active in more than one application is counted as a separate MAU under each such application, such that the total digital MAUs may include individuals being counted more than once.

    Contact Information

    Kyivstar Group

    Media and Investor Contact:
    Kyivstar@icrinc.com

    VEON Media Contact
    Email: pr@veon.com

    i Multiplay as a % of total active Kyivstar one-month subscriber base in March 2025 (unique active subscribers over one-month period)

    The MIL Network

  • MIL-OSI: Kyivstar Group Reaches Nasdaq Listing Milestone with Public Filing of Registration Statement on Form F-4

    Source: GlobeNewswire (MIL-OSI)

    KYIV, Ukraine, June 05, 2025 (GLOBE NEWSWIRE) — Kyivstar Group Ltd., Ukraine’s leading digital operator (“Kyivstar Group” or “the Company”) and a subsidiary of VEON Ltd. (Nasdaq: VEON) (“VEON Group” or “VEON”), today announced the public filing of its Registration Statement on Form F-4 (the “Registration Statement”) with the Securities and Exchange Commission (“SEC”).

    This filing represents a milestone in Kyivstar Group’s plans to be listed on the Nasdaq Stock Market LLC (“Nasdaq”) following the anticipated completion of a business combination with Cohen Circle Acquisition Corp. I (Nasdaq: CCIR) (“Cohen Circle”) that was announced on March 18, 2025.

    Today, as we announce the public filing of our Registration Statement, we are excited to complement our operational performance with the continued progress towards our plans to list Kyivstar Group on the Nasdaq Stock Market,”  said Oleksandr Komarov, CEO of Kyivstar Group.  “We are excited to be a company that not only delivers exceptional value to our customers, but also represents a compelling investment opportunity for U.S. and global investors interested in Ukraine’s growth and resilience.”

    The closing of the business combination is expected to occur during the third quarter of 2025 and is subject to the approval of Cohen Circle’s shareholders and other customary closing conditions.

    Additional Information and Where to Find It

    Kyivstar Group Ltd. and VEON Holdings B.V. have filed on June 5, 2025 a registration statement on Form F-4 (File No. 333-287802) (as may be amended from time to time, the “Registration Statement”) as co-registrants that includes a preliminary proxy statement/prospectus of Cohen Circle and a preliminary prospectus of Kyivstar Group. When available, Cohen Circle will mail a definitive proxy statement/prospectus relating to the business combination and other relevant documents to its shareholders. This communication does not contain all the information that should be considered concerning the business combination and is not intended to provide the basis for any investment decision or any other decision in respect of the business combination.  VEON, Cohen Circle and Kyivstar Group may also file other documents regarding the business combination with the SEC. Cohen Circle’s shareholders and other interested persons are advised to read, when available, the Registration Statement, the proxy statement/prospectus and other documents filed in connection with the business combination, as these materials will contain important information. Investors and shareholders will be able to obtain free copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed or will be filed with the SEC by Cohen Circle through the website maintained by the SEC website at www.sec.gov or by directing a written request to: Cohen Circle Acquisition Corp. I, 2929 Arch Street, Suite 1703, Philadelphia, PA 19104.

    About Kyivstar Group

    Kyivstar Group operates Ukraine’s leading provider of mobile communication, serving more than 23 million mobile customers and over 1.1 million home internet fixed line customers as of December 31, 2024. Kyivstar Group and its subsidiaries provide services across a wide range of mobile and fixed line technologies, including 4G, big data, cloud solutions, cybersecurity, digital TV, and more. VEON, together with Kyivstar Group, intends to invest USD 1 billion in Ukraine by 2027, through social investments in infrastructure and technological development, charitable donations and strategic acquisitions. Kyivstar Group and its subsidiaries have been operating in Ukraine for more than 27 years. For more information, visit: www.kyivstar.ua

    About VEON

    VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on Nasdaq. For more information, visit: https://www.veon.com.

    About Cohen Circle

    Cohen Circle Acquisition Corp. I is a special purpose acquisition company sponsored by investment firm Cohen Circle, LLC and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more technology and/or financial services businesses. Cohen Circle’s units, Class A ordinary shares and warrants are listed on Nasdaq under the symbols “CCIRU,” “CCIR” and “CCIRW,” respectively.

    No Offer or Solicitation

    This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the transactions mentioned herein or the proposed business combination with Cohen Circle. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

    Participants in the Solicitation

    Cohen Circle, Kyivstar Group, certain shareholders of Cohen Circle, VEON and certain of Cohen Circle’s, Kyivstar Group’s and VEON’s respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from the shareholders of Cohen Circle with respect to the proposed business combination. A list of the names of such persons and information regarding their interests in the proposed business combination is set forth in the Registration Statement. Free copies of these documents may be obtained from the sources indicated above.

    Forward-Looking Statements

    This press release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements generally are identified by the words “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “future,” “intend,” “may,” “opportunity,” “plan,” “project,” “should,” “strategy,” “will,” “will be,” “will continue,” “will likely result,” “would” and similar expressions (including the negative versions of such words or expressions).

    Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements relating to, among other things, the timing of the closing of the proposed business combination and the listing of Kyivstar Group’s common shares and warrants on Nasdaq, the expected investment opportunity in Kyivstar Group following the closing of the business combination, including the expectation that Kyivstar Group will be the only pure-play Ukrainian investment opportunity and the growth potential of Kyivstar Group. These statements are based on VEON, Cohen Circle and Kyivstar Group management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Kyivstar Group’s, VEON’s or Cohen Circle’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements in this press release, including, but not limited to, the inability to complete the business combination due to the failure to obtain the necessary shareholder approvals or to satisfy other conditions to closing; changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations; the decision by the SEC to deem effective the Registration Statement; the ability to meet the Nasdaq listing standards upon closing of the business combination and admission of Kyivstar Group for trading on Nasdaq; changes in applicable laws or regulations; the escalation or de-escalation of war between Russia and Ukraine; the successful integration of Uklon; continued growth in digital services; and other risks and uncertainties set forth in the section entitled “Risk Factors” included in the Registration Statement filed by Kyivstar Group with the SEC on June 5, 2025 and in any other subsequent filings with the SEC by Kyivstar Group or Cohen Circle. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON, Kyivstar Group and Cohen Circle cannot predict with accuracy and some of which neither VEON, Kyivstar Group nor Cohen Circle might not even anticipate. The forward-looking statements contained in this press release speak only as of the date of this release. VEON, Kyivstar Group and Cohen Circle do not undertake to publicly update any forward-looking statement to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events, except as required by U.S. federal securities laws.

    Contact Information

    Kyivstar Group

    Media and Investor Contact:
    Kyivstar@icrinc.com

    VEON

    Media Contact:
    Email: pr@veon.com

    The MIL Network

  • MIL-OSI: IDT Corporation Reports Third Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    Gross Profit +15% Year-over-Year to $112 MM; Record Gross Profit Margin of 37.1%
    Income from Operations +133% to $27 MM; Adjusted EBITDA +57% to $32 MM
    GAAP EPS Increased to $0.86 from $0.22; Non-GAAP EPS Increased to $0.90 from $0.38

    NEWARK, NJ, June 05, 2025 (GLOBE NEWSWIRE) — IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications solutions, today reported results for its third quarter fiscal year 2025, the three months ended April 30, 2025.

    THIRD QUARTER HIGHLIGHTS

    (Throughout this release, unless otherwise noted, results for the third quarter of fiscal year 2025 (3Q25) are compared to the third quarter of fiscal year 2024 (3Q24). All earnings per share (EPS) and other ‘per share’ results are per diluted share.)

      Key Businesses / Segments
      NRS
      Recurring revenue: +23% to $29.4 million;
      Income from operations: +29% to $6.2 million;
      Adjusted EBITDA: +29% to $7.2 million;
      ‘Rule of 40’ score: 49;
      BOSS Money / Fintech segment
      BOSS Money transactions: +27% to 6.0 million;
      BOSS Money revenue: +25% to $34.4 million;
      Fintech segment gross profit: +31% to $22.6 million;
      Fintech segment income from operations: +$4.9 million, to $4.3 million;
      Fintech segment Adjusted EBITDA: +$4.8 million, to $5.0 million;
      net2phone
      Subscription revenue: +7% to $21.5 million (+11% on a constant currency basis);
      Income from operations: +188% to $1.4 million;
      Adjusted EBITDA: +50% to $3.2 million;
      Traditional Communications
      Gross profit: +5% to $43.4 million;
      Income from operations: +39% to $17.3 million;
      Adjusted EBITDA: +30% to $19.3 million;
      IDT Consolidated
      Revenue: +1% to $302.0 million;
      Gross profit (GP) / margin: GP +15% to $112.0 million; GP margin +470 bps to 37.1%;
      Income from operations: +133% to $26.6 million;
      GAAP EPS: Increased to $0.86 from $0.22;
      Non-GAAP EPS: Increased to $0.90 from $0.38;
      Adjusted EBITDA: +57% to $32.2 million;
      CapEx: +14% to $5.4 million.

    REMARKS BY SHMUEL JONAS, CEO

    IDT’s third quarter was solid, with strong year-over-year gains, while slightly softer than our second quarter in part because of expected seasonal factors. Year-over-year revenue growth, and continued expansion of each of our business segments’ bottom-line results, drove a 133% year-over-year increase in consolidated income from operations, a 57% increase in consolidated Adjusted EBITDA, and a 290% increase in EPS.

    At NRS, recurring revenue increased 23% year-over-year, powered by a 37% revenue increase from NRS’ largest vertical, Merchant Services, and a 33% increase in SaaS Fees, which more than offset a 12% decrease in Advertising & Data revenue. Income from operations and Adjusted EBITDA were both up by 29% year-over-year, and the business has generated a record $32 million in Adjusted EBITDA over the past twelve months.

    Looking ahead, we continue to focus on developing new offerings that leverage the NRS platform to enable retailers to compete more effectively with large retail chains. For instance, independent neighborhood retailers have not yet meaningfully benefitted from the consumer shift to online ordering and delivery. We are working to change that by integrating our network with online ordering and delivery platforms, enabling retailers on the NRS network to provide hyper-fast local delivery of sundries and prepared foods. The 100 or so retailers we have signed up so far are already receiving, in aggregate, over 2000 delivery orders a week.

    BOSS Money, our remittance platform, increased transactions by 27% and revenue by 25%. The growth rates have been impacted by the deliberate shift we made last summer to prioritize gross profit per transaction in our retail channel rather than market share, and by a recent shift in customer preferences toward larger send amounts per remittance through fewer transactions. The Fintech segment, which includes BOSS Money and early stage fintech initiatives, generated over $5 million in Adjusted EBITDA – compared to $244 thousand in the year ago quarter. Looking ahead, Boss Money is working on initiatives to drive sustained long-term growth and innovations that reduce cross border friction and increase profitability.

    net2phone continued its steady progress with balanced growth in the U.S., Brazil, and Mexico. The team has done a great job growing its business while holding the line on overhead. net2phone’s Adjusted EBITDA margin reached 15% in 3Q25. net2phone began to offer its AI Agents this quarter and customers are already seeing the benefits, including enhanced efficiency. Even as we deploy AI Agents refined for specific market verticals, we are preparing to launch another AI-powered service which internally we refer to as ‘Coach.’ We think that it will be very successful.

    In our Traditional Communications segment, income from operations and Adjusted EBITDA both jumped by over 30% year-over-year to $17.3 million and $19.3 million, respectively, underscoring that this segment continues to be a long-term cash generator.

    I want to wrap up by thanking the millions of customers who put some of their hard-earned wages to work through our BOSS offerings, and the business customers around the world who rely on us to enhance their businesses and communications. Our ability to provide these services depends on the dedication of our employees who have been executing and innovating on so many fronts, and on our stockholders who entrust us with their capital. I am grateful for your continued patronage and support.

    (This release discloses certain Non-GAAP financial measures (Adjusted EBITDA, Non-GAAP EPS and NRS ‘Rule of 40’) as well as certain Key Performance Metrics (net2phone subscription revenue, netphone constant currency subscription revenue growth rate, net2phone operating margin, net2phone Adjusted EBITDA margin, NRS Monthly Average Recurring Revenue, and BOSS Money transactions and digital send volume). Please see the explanations of those measures and metrics, the reasons for their inclusion and reconciliations at the end of this release.)

    3Q25 RESULTS BY SEGMENT

    National Retail Solutions (NRS)

    National Retail Solutions (NRS)
    (Terminals and accounts at end of period. $ in millions, except for average revenue per terminal)

        3Q25     2Q25     3Q24     3Q25-3Q24
    (% Δ)
     
    Terminals and payment processing accounts                                
    Active POS terminals     35,600       34,800       30,300       +17.6 %  
    Payment processing accounts     25,500       23,900       19,500       +31.1 %  
                                     
    Recurring revenue                                
    Merchant Services & Other   $ 19.7     $ 18.1     $ 14.4       +37.3 %  
    Advertising & Data   $ 5.9     $ 10.0     $ 6.7       (12.3   )%
    SaaS Fees   $ 3.9     $ 3.5     $ 2.9       +32.8   %
    Total recurring revenue   $ 29.4     $ 31.6     $ 24.0       +22.9 %  
    POS terminal sales   $ 1.7     $ 1.3     $ 1.8       (2.9   )%
    Total revenue   $ 31.1     $ 33.0     $ 25.7       +21.1 %  
                                     
    Monthly average recurring revenue per terminal   $ 279     $ 310     $ 271       +3.0   %
                                     
    Gross profit   $ 28.4     $ 30.3     $ 22.1       +28.4   %
    Gross profit margin     91.3 %     91.8 %     86.1 %     +520   bps
    Technology & development   $ 2.3     $ 2.2     $ 1.7       +32.5   %
    SG&A   $ 20.0     $ 19.0     $ 15.7       +27.8   %
    Income from operations   $ 6.2     $ 9.1     $ 4.8       +29.3   %
    Adjusted EBITDA   $ 7.2     $ 10.1     $ 5.6       +28.6   %
    CapEx   $ 1.9     $ 0.9     $ 0.9       +115.2   %


    NRS Take-Aways / Updates:

      NRS added approximately 900 net active terminals and approximately 1,600 net payment processing accounts during 3Q25. As mentioned in the prior quarter’s earnings release, net active terminal additions for 3Q25 included churn of approximately 300 terminals operating in seasonal stores.
      The 37% year-over-year increase in Merchant Services & Other revenue was driven by the increase in payment processing accounts, and by higher merchant services revenue per account, reflecting in part the ongoing, gradual migration of customer payment preference from cash to credit and debit cards.
      NRS Advertising & Data revenue declined 12.3% year-over-year due to NRS’ decision to slow sales to one large programmatic partner in order to limit potential bad debt risk exposure. NRS’ direct channel advertising sales, as well as sales to other programmatic partners, remained robust.
      NRS has begun rolling out the first of several planned integrations of its POS platform with leading online ordering and delivery services. The first integration, with DoorDash, went live this quarter.


    Fintech

    Fintech
    (Transactions and $s in millions, except for average revenue per transaction)

        3Q25     2Q25     3Q24     3Q25-3Q24
    (% Δ, $)
     
    BOSS Money transactions     6.0       5.7       4.7         +27.0 %
                                     
    Fintech Revenue                                
    BOSS Money   $ 34.4     $ 33.5     $ 27.6         +24.7 %
    Other   $ 4.2     $ 3.3     $ 3.9         +7.0 %
    Total Revenue   $ 38.6     $ 36.8     $ 31.5         +22.5 %
                                     
    Gross profit   $ 22.6     $ 21.7     $ 17.3         +30.6 %
    Gross profit margin     58.5 %     58.9 %     54.9 %       +360 bps
    Technology & development   $ 2.2     $ 2.3     $ 2.5         (11.9 )%
    SG&A   $ 16.0     $ 16.3     $ 15.3         +5.2 %
    Income (loss) from operations   $ 4.3     $ 3.1     $ (0.6 )     +$ 4.9  
    Adjusted EBITDA   $ 5.0     $ 3.9     $ 0.2       +$ 4.8  
    CapEx   $ 0.8     $ 0.8     $ 1.0         (19.8 )%


    Fintech Take-Aways:

    The 27% increase in BOSS Money transactions comprised a 32% year-over-year increase in digital channel transactions and an 8% increase in retail channel transactions.
    BOSS Money revenue increased 25% year-over-year driven by a 31% increase in digital channel revenue.
    Digital channel send volume, or the amount of principal transferred by BOSS Money customers using the BOSS Money and BOSS Revolution apps, grew 40% year-over-year as customers increased their amount sent per transaction while reducing the frequency of transactions. BOSS Money is testing strategies to optimize pricing given this recent dynamic.
    The robust increases in the Fintech segment’s income from operations and Adjusted EBITDA were driven primarily by BOSS Money revenue and gross margin growth, coupled with improved operating leverage as BOSS Money continues to scale.


    net2phone

    net2phone
    (Seats in thousands at end of period. $ in millions)

        3Q25     2Q25     3Q24     3Q25-3Q24

    (% Δ)

     
    Seats     415       410       384       +7.9 %
                                     
    Revenue                                
    Subscription revenue   $ 21.5     $ 21.0     $ 20.0       +7.4 %
    Other revenue   $ 0.5     $ 0.5     $ 0.6       (25.9 )%
    Total Revenue   $ 22.0     $ 21.5     $ 20.7       +6.4 %
                                     
    Gross profit   $ 17.5     $ 17.0     $ 16.4       +6.9 %
    Gross profit margin     79.6 %     79.2 %     79.2 %     +40 bps
    Technology & development   $ 2.9     $ 2.8     $ 2.8       +4.8 %
    SG&A   $ 13.0     $ 13.0     $ 13.0       (0.3 )%
    Income from operations   $ 1.4     $ 1.1     $ 0.5       +188 %
    Adjusted EBITDA   $ 3.2     $ 2.9     $ 2.1       +50.2 %
    CapEx   $ 1.4     $ 1.8     $ 1.6       (12.5 )%


    net2phone Take-Aways:

      The 8% year over year increase in total seats served was powered by continued expansion in key markets led by the U.S., Brazil, and Mexico. CCaaS seats served, which generate significantly higher revenue and margin per seat, increased by 9% year-over year.
      Subscription revenue increased by 7% year-over-year. The increase was tempered by the FX impact of a strengthened U.S. dollar versus local currencies in Latin America. On a constant currency basis, subscription revenue increased by 11% year over year, significantly higher than its rate of seat growth, as net2phone focuses on increasing ARPU.
      Income from operations increased 188% and Adjusted EBITDA increased 50% year-over-year, as operating margin increased to 6% from 2%, and Adjusted EBITDA margin increased to 15% from 10% in 3Q24.
      In 3Q25, net2phone began to deploy AI Agents, scalable virtual assistants providing exceptional customer experiences across sales, support, and administrative tasks. AI Agents have the potential to become significant revenue growth drivers in the coming quarters.
      net2phone is also preparing to launch an AI-powered offering that analyzes interactions to deliver real-time insights and personalized coaching for optimized performance.


    Traditional Communications

    Traditional Communications
    ($ in millions)

        3Q25     2Q25     3Q24     3Q25-3Q24
    (% Δ)
     
    Revenue                                
    IDT Digital Payments   $ 102.6     $ 101.6     $ 101.6       +1.0 %
    BOSS Revolution   $ 51.7     $ 53.3     $ 63.2       (18.1 )%
    IDT Global   $ 50.0     $ 51.3     $ 50.1       (0.0 )%
    Other   $ 5.9     $ 5.8     $ 6.9       (14.9 )%
    Total Revenue   $ 210.2     $ 212.0     $ 221.7       (5.2 )%
                                     
    Gross profit   $ 43.4     $ 43.1     $ 41.2       +5.3 %
    Gross profit margin     20.7 %     20.3 %     18.6 %     +210 bps
    Technology & development   $ 5.4     $ 5.4     $ 5.6       (4.3 )%
    SG&A   $ 20.5     $ 19.4     $ 22.7       (9.5 )%
    Income from operations   $ 17.3     $ 18.1     $ 12.5       39.2 %
    Adjusted EBITDA   $ 19.3     $ 20.2     $ 14.9       30.1 %
    CapEx   $ 1.3     $ 1.2     $ 1.2       +5.6 %


    Traditional Communications Take-Aways:

    Even as revenue decreased continuing an expected trend, gross profit increased year over year and sequentially.
    Income from operations and Adjusted EBITDA benefitted from the growth in gross profit and the reduction in SG&A expense.


    OTHER FINANCIAL RESULTS

    Consolidated results for all periods presented include corporate overhead. In 3Q25, Corporate G&A expense increased to $2.7 million from $2.3 million in 3Q24.

    As of April 30, 2025, IDT held $223.8 million in cash, cash equivalents, debt securities, and current equity investments. Also at April 30, 2025, current assets totaled $498.3 million and current liabilities totaled $287.2 million. The Company had no outstanding debt at the quarter end.

    Net cash provided by operating activities was $75.7 million in 3Q25 compared to $9.5 million in 3Q24. Exclusive of changes in customer funds deposits at IDT’s Fintech segment, net cash provided by operating activities was $66.1 million in 3Q25 compared to $8.2 million in 3Q24. The large, year-over-year increase in cash reflects, for the most part, the timing of disbursement prefunding payments made by IDT to cover anticipated BOSS Money weekly remittance activity.

    Capital expenditures increased to $5.4 million in 3Q25 from $4.7 million in 3Q24.

    DIVIDEND

    The Board of Directors of IDT Corporation has approved payment of a quarterly dividend of $0.06 on IDT’s Class A and Class B Common stock. Payment will be made on June 18, 2025 to stockholders of record at the close of business on June 9th.

    IDT EARNINGS ANNOUNCEMENT INFORMATION

    This release is available for download in the “Investors & Media” section of the IDT Corporation website (https://www.idt.net/investors-and-media) and has been filed on a current report (Form 8-K) with the SEC.

    IDT will host an earnings conference call beginning at 5:00 PM Eastern today 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 U.S.) 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 U.S.) 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.

    All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

    CONTACT

    IDT Corporation Investor Relations
    Bill Ulrey
    william.ulrey@idt.net
    973-438-3838

    IDT CORPORATION

    CONSOLIDATED BALANCE SHEETS

        April 30,
    2025
        July 31,
    2024
     
        (Unaudited)        
        (in thousands, except per share data)  
    Assets                
    Current assets:                
    Cash and cash equivalents   $ 199,948     $ 164,557  
    Restricted cash and cash equivalents     123,129       90,899  
    Debt securities     18,683       23,438  
    Equity investments     5,187       5,009  
    Trade accounts receivable, net of allowance for credit losses of $8,416 at April 30, 2025 and $6,352 at July 31, 2024     43,084       42,215  
    Settlement assets, net of reserve of $1,869 at April 30, 2025 and $1,866 at July 31, 2024     25,160       22,186  
    Disbursement prefunding     43,381       30,736  
    Prepaid expenses     13,837       17,558  
    Other current assets     25,865       25,927  
    Total current assets     498,274       422,525  
    Property, plant, and equipment, net     38,980       38,652  
    Goodwill     26,454       26,288  
    Other intangibles, net     5,372       6,285  
    Equity investments     6,904       6,518  
    Operating lease right-of-use assets     2,013       3,273  
    Deferred income tax assets, net     16,106       35,008  
    Other assets     6,805       11,546  
    Total assets   $ 600,908     $ 550,095  
                     
    Liabilities, redeemable noncontrolling interest, and equity                
    Current liabilities:                
    Trade accounts payable   $ 17,250     $ 24,773  
    Accrued expenses     91,408       103,176  
    Deferred revenue     27,513       30,364  
    Customer funds deposits     121,765       91,893  
    Settlement liabilities     14,105       12,764  
    Other current liabilities     15,121       16,374  
    Total current liabilities     287,162       279,344  
    Operating lease liabilities     1,213       1,533  
    Other liabilities     1,682       2,662  
    Total liabilities     290,057       283,539  
    Commitments and contingencies                
    Redeemable noncontrolling interest     11,357       10,901  
    Equity:                
    IDT Corporation stockholders’ equity:                
    Preferred stock, $.01 par value; authorized shares—10,000; no shares issued            
    Class A common stock, $.01 par value; authorized shares—35,000; 3,272 shares issued and 1,574 shares outstanding at April 30, 2025 and July 31, 2024     33       33  
    Class B common stock, $.01 par value; authorized shares—200,000; 28,528 and 28,177 shares issued and 23,656 and 23,684 shares outstanding at April 30, 2025 and July 31, 2024, respectively     285       282  
    Additional paid-in capital     307,757       303,510  
    Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 4,872 and 4,493 shares of Class B common stock at April 30, 2025 and July 31, 2024, respectively     (143,853 )     (126,080 )
    Accumulated other comprehensive loss     (19,812 )     (18,142 )
    Retained earnings     141,753       86,580  
    Total IDT Corporation stockholders’ equity     286,163       246,183  
    Noncontrolling interests     13,331       9,472  
    Total equity     299,494       255,655  
    Total liabilities, redeemable noncontrolling interest, and equity   $ 600,908     $ 550,095  


    IDT CORPORATION

    CONSOLIDATED STATEMENTS OF INCOME
    (Unaudited)

        Three Months Ended
    April 30,
        Nine Months Ended
    April 30,
     
        2025     2024     2025     2024  
        (in thousands, except per share data)  
           
    Revenues   $ 301,985     $ 299,643     $ 914,901     $ 896,946  
    Direct cost of revenues     190,023       202,599       583,201       608,982  
    Gross profit     111,962       97,044       331,700       287,964  
    Operating expenses:                                
    Selling, general and administrative (i)     72,267       68,962       214,039       200,685  
    Technology and development (i)     12,744       12,640       38,115       37,975  
    Severance     190       779       600       1,648  
    Other operating expense, net     175       3,231       403       3,041  
    Total operating expenses     85,376       85,612       253,157       243,349  
    Income from operations     26,586       11,432       78,543       44,615  
    Interest income, net     1,566       1,162       4,347       3,201  
    Other income (expense), net     2,608       (3,273 )     2,533       (6,326 )
    Income before income taxes     30,760       9,321       85,423       41,490  
    Provision for income taxes     (7,798 )     (2,979 )     (21,766 )     (10,918 )
    Net income     22,962       6,342       63,657       30,572  
    Net income attributable to noncontrolling interests     (1,270 )     (791 )     (4,448 )     (2,937 )
    Net income attributable to IDT Corporation   $ 21,692     $ 5,551     $ 59,209     $ 27,635  
    Earnings per share attributable to IDT Corporation common stockholders:                                
    Basic   $ 0.86     $ 0.22     $ 2.35     $ 1.10  
    Diluted   $ 0.86     $ 0.22     $ 2.34     $ 1.09  
    Weighted-average number of shares used in calculation of earnings per share:                                
    Basic     25,165       25,345       25,177       25,233  
    Diluted     25,249       25,516       25,312       25,380  
                                     
    (i) Stock-based compensation included in total operating expenses   $ 946     $ 2,118     $ 2,720     $ 5,375  

      
    IDT CORPORATION
    CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

        Nine Months Ended
    April 30,
     
        2025     2024  
        (in thousands)  
    Operating activities                
    Net income   $ 63,657     $ 30,572  
    Adjustments to reconcile net income to net cash provided by operating activities:                
    Depreciation and amortization     15,702       15,256  
    Deferred income taxes     18,902       8,830  
    Provision for credit losses, doubtful accounts receivable, and reserve for settlement assets     4,465       3,010  
    Stock-based compensation     2,720       5,375  
    Other     1,735       4,065  
    Change in assets and liabilities:                
    Trade accounts receivable     (4,649 )     (9,000 )
    Settlement assets, disbursement prefunding, prepaid expenses, other current assets, and other assets     (8,932 )     6,797  
    Trade accounts payable, accrued expenses, settlement liabilities, other current liabilities, and other liabilities     (19,486 )     (10,467 )
    Customer funds deposits     25,327       1,243  
    Deferred revenue     (3,382 )     (2,903 )
    Net cash provided by operating activities     96,059       52,778  
    Investing activities                
    Capital expenditures     (15,507 )     (13,621 )
    Purchase of convertible preferred stock in equity method investment     (926 )     (1,513 )
    Purchases of debt securities and equity investments     (29,083 )     (27,593 )
    Proceeds from maturities and sales of debt securities and redemptions of equity investments     35,005       41,527  
    Net cash used in investing activities     (10,511 )     (1,200 )
    Financing activities                
    Dividends paid     (4,036 )     (1,269 )
    Distributions to noncontrolling interests     (100 )     (62 )
    Proceeds from borrowings under revolving credit facility     24,551       32,864  
    Repayment of borrowings under revolving credit facility.     (24,551 )     (32,864 )
    Purchase of restricted shares of net2phone common stock           (3,558 )
    Proceeds from exercise of stock options           172  
    Repurchases of Class B common stock     (17,773 )     (7,207 )
    Net cash used in financing activities     (21,909 )     (11,924 )
    Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents     3,982       (5,632 )
    Net increase in cash, cash equivalents, and restricted cash and cash equivalents     67,621       34,022  
    Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period     255,456       198,823  
    Cash, cash equivalents, and restricted cash and cash equivalents at end of period   $ 323,077     $ 232,845  
                     
    Supplemental schedule of non-cash financing activities                
    Shares of the Company’s Class B common stock issued to executive officers for bonus payments   $ 1,824     $ 1,495  
    Value of the Company’s Class B common stock exchanged for National Retail Solutions shares   $ 442     $ 6,254  
    Shares of the Company’s Class B common stock issued for business acquisition   $     $ 100  


    Reconciliation of Non-GAAP Financial Measures for the Third Quarter Fiscal 2025 and 2024

    In addition to disclosing financial results that are determined in accordance with generally accepted accounting principles in the United States of America (GAAP), IDT also disclosed (a) Adjusted EBITDA for 3Q25, 2Q25, and 3Q24, (b) non-GAAP earnings per diluted share (Non-GAAP EPS) for 3Q25 and 3Q24, and (c) NRS’ and Fintech segment’s ‘Rule of 40’ score for 3Q25. These are non-GAAP financial measures intended to provide useful information that supplements IDT’s or the relevant segment’s results in accordance with GAAP. The following explains these terms and their respective reconciliations to the most directly comparable GAAP measures.

    Generally, a non-GAAP measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP.

    IDT’s measure of Non-GAAP EPS is calculated by dividing non-GAAP net income by the diluted weighted-average shares. IDT’s measure of non-GAAP net income starts with net income attributable to IDT in accordance with GAAP and adds severance expense, stock-based compensation, and other operating expenses, and deducts other operating gains. These additions and subtractions are non-cash and/or non-routine items in the relevant fiscal 2025 and fiscal 2024 periods.

    Management believes that IDT’s Adjusted EBITDA and Non-GAAP EPS are measures which provide useful information to both management and investors by excluding certain expenses and non-routine gains and losses that may not be indicative of IDT’s or the relevant segment’s core operating results. Management uses Adjusted EBITDA, among other measures, as a relevant indicator of core operational strengths in its financial and operational decision making. In addition, management uses Adjusted EBITDA and Non-GAAP EPS to evaluate operating performance in relation to IDT’s competitors. Disclosure of these financial measures may be useful to investors in evaluating performance and allow for greater transparency of the underlying supplemental information used by management in its financial and operational decision-making. In addition, IDT has historically reported similar financial measures and believes such measures are commonly used by readers of financial information in assessing performance, therefore the inclusion of comparative numbers provides consistency in financial reporting.

    Management refers to Adjusted EBITDA, as well as the GAAP measures income (loss) from operations and net income, on a segment and/or consolidated level to facilitate internal and external comparisons to the segments’ and IDT’s historical operating results, in making operating decisions, for budget and planning purposes, and to form the basis upon which management is compensated.

    While depreciation and amortization are considered operating costs under GAAP, these expenses primarily represent the non-cash current period allocation of costs associated with long-lived assets acquired or capitalized in prior periods. IDT’s Adjusted EBITDA, which is exclusive of depreciation and amortization, is a useful indicator of its current performance.

    Severance expense is excluded from the calculation of Adjusted EBITDA and Non-GAAP EPS. Severance expense is reflective of decisions made by management in each period regarding the aspects of IDT’s and its segments’ businesses to be focused on in light of changing market realities and other factors. While there may be similar charges in other periods, the nature and magnitude of these charges can fluctuate markedly and do not reflect the performance of IDT’s core and continuing operations.

    Other operating expense, net, which is a component of income (loss) from operations, is excluded from the calculation of Adjusted EBITDA and Non-GAAP EPS. Other operating expense, net in 3Q25, 2Q25, and 3Q24 primarily includes legal fees related to Straight Path Communications Inc.’s stockholders’ class action and equipment write-offs. From time-to-time, IDT may have gains or incur costs related to non-routine legal, tax, and other matters, however, these various items generally do not occur each quarter. IDT believes the gain and losses from these non-routine matters are not components of IDT’s or the relevant segment’s core operating results.

    Stock-based compensation recognized by IDT and other companies may not be comparable because of the variety of types of awards as well as the various valuation methodologies and subjective assumptions that are permitted under GAAP. Stock-based compensation is excluded from IDT’s calculation of Non-GAAP EPS because management believes this allows investors to make more meaningful comparisons of the operating results per share of IDT’s core business with the results of other companies. However, stock-based compensation will continue to be a significant expense for IDT for the foreseeable future and an important part of employees’ compensation that impacts their performance.

    Adjusted EBITDA and Non-GAAP EPS should be considered in addition to, not as a substitute for, or superior to, income (loss) from operations, cash flow from operating activities, net income, basic and diluted earnings per share or other measures of liquidity and financial performance prepared in accordance with GAAP. In addition, IDT’s measurements of Adjusted EBITDA and Non-GAAP EPS may not be comparable to similarly titled measures reported by other companies.

    The ‘Rule of 40’ score is a metric used to evaluate the performance of SaaS providers. It postulates that a SaaS provider’s revenue growth rate plus its EBITDA margin should equal or exceed 40 percent. The ‘Rule of 40’ is typically used to assess a company’s balance between growth and profitability. A total of over 40 is thought to indicate a healthy combination of expansion and financial stability, making it a useful tool for management and investors to gauge the potential for long-term success and make informed decisions about resource allocation and business strategy.

    NRS’ ‘Rule of 40’ score is computed by adding (a) the growth rate of NRS’ recurring revenue for the relevant period compared to the corresponding year ago period to (b) NRS’ Adjusted EBITDA margin for the twelve month period through the end of the current period. NRS’ recurring revenue is calculated by subtracting NRS’ revenue from POS terminal sales from its total GAAP revenue. Adjusted EBITDA is a non-GAAP measure as discussed above. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by GAAP revenue for the relevant period.

    Following are reconciliations of Adjusted EBITDA and Non-GAAP EPS to the most directly comparable GAAP measure, which are, (a) for Adjusted EBITDA, (i) income (loss) from operations for IDT’s reportable segments and (ii) net income for IDT on a consolidated basis, and (b) for Non-GAAP EPS, diluted earnings per share. Also following is NRS’ ‘Rule of 40’ score computation including the reconciliation of NRS’ Adjusted EBITDA to the most directly comparable GAAP measure, NRS’ income from operations.

    IDT Corporation
    Reconciliation of Net Income to Adjusted EBITDA
    (unaudited) in millions. Figures may not foot or cross-foot due to rounding to millions

        Total IDT Corporation     Traditional Communica-tions     net2phone     NRS     Fintech     Corporate  
    Three Months Ended April 30, 2025
    (3Q25)
                                       
    Net income attributable to IDT Corporation   $ 21.7                                          
    Adjustments:                                                
    Net income attributable to noncontrolling interests     1.3                                          
    Net income     23.0                                          
    Provision for income taxes     7.8                                          
    Income before income taxes     30.8                                          
    Interest income, net     (1.6 )                                        
    Other income, net     (2.6 )                                        
    Income (loss) from operations     26.6     $ 17.3     $ 1.4     $ 6.2     $ 4.3     $ (2.6 )
    Depreciation and amortization     5.2       1.9       1.6       1.0       0.7        
    Other operating expense, net     0.2             0.2                    
    Severance expense     0.2       0.2                          
    Adjusted EBITDA   $ 32.2     $ 19.3     $ 3.2     $ 7.2     $ 5.0     $ (2.6 )
        Total IDT Corporation     Traditional Communica-tions     net2phone     NRS     Fintech     Corporate  
    Three Months Ended January 31, 2025
    (2Q25)
                                       
    Net income attributable to IDT Corporation   $ 20.3                                          
    Adjustments:                                                
    Net income attributable to noncontrolling interests     1.9                                          
    Net income     22.2                                          
    Provision for income taxes     7.7                                          
    Income before income taxes     29.9                                          
    Interest income, net     (1.4 )                                        
    Other income, net     (0.2 )                                        
    Income (loss) from operations     28.3     $ 18.1     $ 1.1     $ 9.1     $ 3.1     $ (3.1 )
    Depreciation and amortization     5.2       1.9       1.6       1.0       0.8        
    Other operating expense, net     0.2             0.2                    
    Severance expense     0.2       0.2                          
    Adjusted EBITDA   $ 34.0     $ 20.2     $ 2.9     $ 10.1     $ 3.9     $ (3.1 )


    IDT Corporation

    Reconciliation of Net Income to Adjusted EBITDA
    (unaudited) in millions. Figures may not foot or cross-foot due to rounding to millions

        Total IDT Corporation     Traditional Communica-tions     net2phone     NRS     Fintech     Corporate  
    Three Months Ended April 30, 2024
    (3Q24)
                                       
    Net income attributable to IDT Corporation   $ 5.6                                          
    Adjustments:                                                
    Net income attributable to noncontrolling interests     0.8                                          
    Net income     6.3                                          
    Provision for income taxes     3.0                                          
    Income before income taxes     9.3                                          
    Interest income, net     (1.2 )                                        
    Other expense, net     3.3                                          
    Income (loss) from operations     11.4     $ 12.5     $ 0.5     $ 4.8     $ (0.6 )   $ (5.7 )
    Depreciation and amortization     5.1       2.0       1.6       0.8       0.7        
    Severance expense     0.8       0.4       0.1                   0.3  
    Other operating expense, net     3.2                         0.1       3.2  
    Adjusted EBITDA   $ 20.6     $ 14.9     $ 2.1     $ 5.6     $ 0.2     $ (2.3 )


    IDT Corporation

    Reconciliation of Earnings per share to Non-GAAP EPS
    (unaudited) in millions, except per share data. Figures may not foot due to rounding to millions.

        3Q25     3Q24  
                     
    Net income attributable to IDT Corporation   $ 21.7     $ 5.6  
    Adjustments (add) subtract:                
    Stock-based compensation     (0.9 )     (2.1 )
    Severance expense     (0.2 )     (0.8 )
    Other operating expense, net     (0.2 )     (3.2 )
    Total adjustments     (1.3 )     (6.1 )
    Income tax effect of total adjustments     (0.3 )     (2.0 )
          1.0       4.1  
    Non-GAAP net income   $ 22.7     $ 9.7  
                     
    Earnings per share:                
    Basic   $ 0.86     $ 0.22  
    Total adjustments     0.04       0.16  
    Non-GAAP – basic   $ 0.90     $ 0.38  
                     
    Weighted-average number of shares used in calculation of basic earnings per share     25.2       25.3  
                     
    Diluted   $ 0.86     $ 0.22  
    Total adjustments     0.04       0.16  
    Non-GAAP – diluted   $ 0.90     $ 0.38  
                     
    Weighted-average number of shares used in calculation of diluted earnings per share     25.2       25.5  


    IDT Corporation

    NRS’ ‘Rule of 40’ Score
    For 3Q25
    (unaudited) in millions. Figures may not foot due to rounding to millions.

        4Q24     1Q25     2Q25     3Q25     Trailing Twelve Months (TTM)
    3Q25
     
                                             
    Reconciliation of NRS’ Income from Operations to Adjusted EBITDA                                        
                                             
    Income from operations   $ 6.0     $ 6.6     $ 9.1     $ 6.2     $ 28.0  
    Depreciation and amortization     0.9       1.0       1.0       1.0       3.9  
    Other operating expense, net     0.2                         0.2  
    Adjusted EBITDA   $ 7.1     $ 7.6     $ 10.1     $ 7.2     $ 32.0  
        3Q25     3Q24  
                     
    NRS’ ‘Rule of 40’ Score                
                     
    NRS recurring revenue   $ 29.4     $ 24.0  
    NRS other revenue     1.7       1.8  
    NRS total revenue   $ 31.1     $ 25.7  
                     
    NRS recurring revenue growth rate     23 %        
                     
    NRS TTM Adjusted EBITDA from above   $ 32.0          
    NRS TTM total revenue     122.7          
    NRS TTM Adjusted EBITDA margin     26 %        
                     
    Rule of 40     49 %        


    Explanation of Key Performance Metrics

    net2phone’s subscription revenue is calculated by subtracting net2phone’s equipment revenue and revenue generated by a legacy SIP trunking offering in Brazil from its revenue in accordance with GAAP. net2phone’s cloud communications and contact center offerings are priced on a per-seat basis, with customers paying based on the number of users in their organization. The number of seats served and subscription revenue trends and comparisons between periods are used in the analysis of net2phone’s revenues and direct cost of revenues and are strong indications of the top-line growth and performance of the business.

    Constant currency as it relates to revenue provides a framework for assessing net2phone’s performance that excludes the effect of foreign currency rate fluctuations. To determine net2phone’s subscription revenue growth on a constant currency basis, current period revenues from entities reporting in currencies other than U.S. Dollars (USD) were converted to USD at the average monthly exchange rates in effect during the prior fiscal year’s comparative period instead of the average monthly exchange rates in effect during the current period.

    net2phone’s operating margin is calculated by dividing GAAP income from operations by GAAP revenue for the period indicated. Operating margin measures the percentage that each dollar of revenue contributes to profitability. Operating margin is useful for evaluating current period profitability relative to sales, for comparisons to prior period performance, for forecasting future income from operations levels based on projected levels of sales, and for comparing net2phone’s relative profitability to its competitors and peers.

    net2phone’s Adjusted EBITDA margin is calculated by dividing net2phone’s Adjusted EBITDA, a Non-GAAP measure, by net2phone’s GAAP revenue for the comparable quarter or period. Adjusted EBITDA margin measures the percentage that each dollar of revenue contributes to profitability before interest, taxes, depreciation and amortization, and other adjustments as described in the Reconciliation of Non-GAAP Financial Measures. net2phone’s Adjusted EBITDA margin is useful for evaluating current period profitability relative to sales, for comparisons to prior period performance, for forecasting future Adjusted EBITDA levels based on projected levels of sales, and for comparing net2phone’s relative profitability to its competitors and peers.

    NRS’ Monthly Average Recurring Revenue per Terminal is calculated by dividing NRS’ recurring revenue as defined above by the average number of active POS terminals during the period. The average number of active POS terminals is calculated by adding the beginning and ending number of active POS terminals during the period and dividing by two. NRS’ recurring revenue divided by the average number of active POS terminals is divided by three when the period is a fiscal quarter. Recurring revenue and Monthly Average Recurring Revenue per Terminal are useful for comparisons of NRS’ revenue and revenue per customer to prior periods and to competitors and others in the market, as well as for forecasting future revenue from the customer base.

    BOSS Money transactions are a nonfinancial metric that measures customer usage during a reporting period. BOSS Money’s digital send volume is the aggregate amount of principal remitted by BOSS Money’s digital customers – those using the BOSS Money and BOSS Revolutions apps to originate remittances. Digital send volume is a key metric for evaluating the operational performance of the digital channel of the remittance business, and for comparing the performance of BOSS Money’s digital channel to competitors in the remittance business as well as to performance to other temporal periods.

    # # #  

    The MIL Network

  • MIL-OSI: Insurtech Insights USA 2025: Event Round-Up from Day Two

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) — Insurtech Insights USA 2025, concluded today at the Javits Center, wrapping up two impactful days of insightful conversations, cross-sector collaboration, and high-level dealmaking. With over 6,000 delegates and more than 400 industry leaders in attendance, this year’s edition firmly cemented the event’s position as the foremost gathering for insurance innovation in North America and the largest ever Insurtech Insights USA conference.

    A Media Snippet accompanying this announcement is available in this link.

    Reflecting on the success of the event, Kristoffer Lundberg, Founder & CEO of Insurtech Insights, said, “As we close out two powerful days of dialogue, dealmaking, and discovery, one message echoes throughout the Javits Center: insurance is no longer just about risk, it’s about being resilient. From agentic AI to behavioral underwriting, from redefining customer trust to unlocking global M&A potential, this year’s event captured a sector rewriting its operating system. Thank you to our partners, speakers, and 6,000+ attendees for reaffirming that innovation in insurance isn’t a buzzword, it’s our collective mission.”

    Day Two Highlights: AI at the Forefront of Transformation

    The day was packed with several thought-provoking panels, keynotes, and moderated discussion sessions across the six stages. Some of the highlights on the main stage were sessions like “Facing into AI: The Potential and Uncertainty,” a compelling conversation between Lucy Pilko, CEO of AXA XL Americas, and Naveen Agarwal, Senior Advisor at BCG and CEO of NavDots. Together, they unpacked the double-edged nature of AI in insurance, stressing the need for thoughtful implementation as insurers and clients alike navigate the transformative and sometimes uncertain possibilities of AI.

    Later on the main stage, the session “A Year Later for AI and GenAI in Insurance: The Reality and Growing Real Business Value” showcased how far the industry has come in just 12 months. Moderated by Denise Garth, Chief Strategy Officer at Majesco, the panel included Robert Pick, EVP and Chief Information Officer, Tokio Marine North America Services, Manish Sha, President Chief Product Officer at Majesco, and Jim DeMarco, Insurance Advisor Lead, Microsoft. The speakers shared real-world results of AI implementation, with early benchmarking showing up to 10–20x productivity improvements in underwriting and customer service. They also addressed how GenAI is simplifying complex workflows, accelerating onboarding, and helping insurers meet rising customer expectations, especially as nearly 50% of the workforce approaches retirement by 2030.

    In the afternoon, the session “Operationalizing AI in Insurance: Key Considerations for Full-Scale Implementation” drew a packed audience. Moderated by Karlyn Carnahan, Head of P&C Insurance, Celent, the panel featured Dan Moore, Senior Vice President of Claims Shared Services, CNA Insurance, Anurag Bairathi, Chief Claims Officer, Mapfre, and Yuval Man, CEO and Co-Founder, DigitalOwl. Speakers offered practical insights into scaling AI responsibly, underscoring the need for human-in-the-loop processes, AI governance, bias testing, and strong organizational guardrails to ensure safe and effective deployment across underwriting and claims operations.

    The final main stage session, “Regulators & Risk Takers: Aligning Vision for the Future of Insurance,” brought together Commissioners Jon Godfread, Glen Mulready, and Andrew Mais from North Dakota, Oklahoma, and Connecticut, respectively. Moderated by Susan Winkler, VP and Executive Director, Connecticut Insurance and Financial Services, the conversation centered on finding common ground between regulatory oversight and industry innovation. The panelists agreed that open dialogue and coordinated action between regulators and carriers are essential to shaping a future-ready insurance ecosystem in an era marked by climate volatility, AI disruption, and rapid digital transformation.

    The closing of Insurtech Insights USA 2025 marks a pivotal moment in the industry’s journey from legacy operations toward data-powered, customer-centric, and resilient growth models. With AI no longer a concept on the horizon but a force embedded in today’s operations, this year’s conference showcased not just where the industry is going but also the leaders who are already taking it there.

    Registrations for Insurtech Insights 2026 early bird are now open, and you can buy with ease: a 30-day full money-back guarantee.

    About Insurtech Insights USA

    Insurtech Insights USA is the leading global conference for the insurtech industry, bringing together experts, innovators, and thought leaders to discuss the latest trends, challenges, and opportunities shaping the future of insurance. With a focus on innovation, collaboration, and disruption, Insurtech Insights USA provides a platform for networking, learning, and driving meaningful change in the insurance sector.

    For media queries and other information, please contact:

    Girish Jaggi
    Senior Account Manager
    The MicDrop Agency
    girish@themicdropagency.com
    +1 (289) 623 3627

    The MIL Network

  • MIL-OSI USA: Durbin On Republicans’ Reconciliation Bill: The American People Did Not Vote For This Disaster

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    June 05, 2025

    In a speech on the Senate floor, Durbin slammed the Republican reconciliation plan that will kick 16 million Americans off their health care coverage, close rural hospitals

    WASHINGTON  U.S. Senate Democratic Whip Dick Durbin (D-IL) delivered a speech on the Senate floor exposing the disastrous provisions in the Republicans’ reconciliation plan that will slash health care and eliminate jobs to pay for tax cuts for billionaires.  In his remarks, Durbin underscored that this legislation will harm Americans, as the Congressional Budget Office (CBO) released new estimates showing that 16 million Americans will lose their health insurance under this plan.

    “What exactly were people voting for in the last presidential election?  Well, many things… but the recurring theme seems to be the cost of living for the average family, the ability of mothers and fathers to make ends meet, and to see a realization of their dreams and aspirations.  But we were told, over and over again, that families across this country were being overwhelmed by the cost of living, gas, groceries, housing.  And so they gave a majority of the votes to President Trump, who promised he would ‘Make America Great Again.’  Since taking office, I don’t believe that the President has come near to keeping his promise,” Durbin began.  “Instead he has hired many of his billionaire buddies and cut deals with the ultra-wealthy that will harm the same Americans who voted for him.”

    “Hidden in more than 1,000 pages in the bill that passed the House of Representatives is a plan, a laundry list of things, that I don’t believe Americans even considered voting for in the last November election.  They’re going to have a devastating impact on families in states, red and blue alike… Billionaires are going to win, and American families are going to lose,” Durbin said.

    Durbin spoke about the impact of the $800 billion cuts to Medicaid included in the reconciliation bill, emphasizing that if those cuts are carried out, rural hospitals will be forced to close because they rely on Medicaid funding to operate.  Nationwide, half of all rural hospitals already operate with negative margins, and more than 300 rural hospitals are at immediate risk of closure, including 26 in Kansas, 22 in Alabama, and nine in Missouri.

    “Do you think the voters in last November’s election for President of the United States would actually vote to close down their local hospital?  That’s what’s looming,” Durbin continued.  “Three weeks ago, 20 hospital administrators from across the state of Illinois, from Chicago down to the southernmost part of our state, all took a special trip to Washington to warn me that the bill that was pending before the House of Representatives threatened the survival of hospitals across our state.  These are hospitals which are not only critical for providing professional medical care, delivering babies, saving people’s lives who were in automobile accidents, but also major parts of the local economy.”

    “You come to rural, small town Midwest America and ask the impact of the local hospital, and they’ll tell you, ‘we don’t know that we can keep a business or attract a business if we didn’t have it.  We count on it every day to be there when we need it.’  And, secondly, it’s a major employer. In fact, in most towns, the biggest employers in downstate,” Durbin said.  “Then they warned me, many of these hospitals are hanging on by a thread.  The money that they receive from government insurance programs like Medicaid keeps the doors open and the lights on and the doctors in town.  And now we have a proposal from Republicans to cut that Medicaid benefit and coverage for 16 million Americans.”

    As if those deep cuts to Medicaid and the Affordable Care Act were not harmful enough, Republicans have included a $500 billion cut to Medicare, despite promises to protect the program in their reconciliation bill. 

    “Now you dig deeply into this Republican budget bill that has come over from the House of Representatives, and it turns out… they’re also cutting Medicare,” Durbin said.  “Republicans couldn’t help themselves, they slashed Medicare benefits and reduced access to hospitals, nursing homes, and medications for seniors in all 50 states.”

    “Why would Republicans in Congress take a wrecking ball to these two major parts of our health care system?  To provide money for tax breaks for the wealthiest people in America,” Durbin continued. 

    “It sounds like Republicans in Congress want to be the ones deciding who is worthy of health care in America.  But Americans who depend on Medicaid are not strangers.  They’re your neighbors.  They’re people at your church, at your school, and at your work.  It probably is your family too.  If you or your loved one gets sick, will congressional Republicans deem you worthy of seeing a doctor?” Durbin said. 

    Durbin continued on, arguing that the American people did not vote to lose their health care to pad the pockets of billionaires.

    “Is that what this election was all about?  Did the American people vote for tax cuts for billionaires?  I don’t think so,” Durbin said. 

    “A party like the Republicans who claim they’re the party of the working class.  ‘Working class’ billionaires?  They refuse to put their money where their mouth is,” Durbin said.  “Republicans in Congress may try to say they’re just trying to lower your taxes, but most of the benefit is going to wealthy people who won’t even notice it.”

    “Under the Republican plan, taxpayers in the wealthiest 0.1 percent would get a $300,000 tax cut every year… Why? At the expense of health care for 16 million Americans?” Durbin said.

    Durbin also emphasized that the Republican plan would jeopardize thousands of jobs created by the Democrats’ Inflation Reduction Act, which invested in clean energy jobs across the country.  Since the passage of the legislation, 85 percent of investment in clean energy technologies has landed in Republican districts.

    “In just two years since passing the Inflation Reduction Act, businesses have announced 340 new clean technology projects.  One estimate says that this will create 150,000 permanent jobs,”Durbin said.  “The Republicans ‘big, ugly bill’ puts these jobs at risk, taking a hatchet to tax policy that make these projects possible. The promise of a Republican repeal has already scared the private sector into withdrawing a $14 billion investment and cancelling 10,000 clean energy manufacturing jobs. Why would the so-called party of the working class want to give their own constituents a pink slip?”

    Durbin concluded his remarks by urging his Republican colleagues in the Senate to oppose the legislation that will only benefit billionaires at the expense of their constituents.

    “My Republican colleagues must know that this plan does not ‘Make America Great Again.’  It makes our debt the greatest in the history of our nation.  It harms families in red and blue states,”Durbin said.

    “I urge a handful of my Republican colleagues, and that’s all it takes, show some courage, show some common sense.  Tell the folks in the House, and tell the White House as well, this approach is not going to work. Taking health insurance away from 16 million Americans, more than has ever happened in the history of this country, is fundamentally unfair, and we all know it,” Durbin said.

    “I urge my Republican colleagues to listen to their constituents. Because I know Americans who voted for Trump in November, did not vote for what I just described,” Durbin concluded his speech.

    Video of Durbin’s remarks on the Senate floor is available here.

    Audio of Durbin’s remarks on the Senate floor is available here.

    Footage of Durbin’s remarks on the Senate floor is available here for TV Stations.

    -30-

    MIL OSI USA News

  • MIL-OSI USA: Durbin Delivers Opening Statement During Senate Judiciary Committee Executive Business Meeting

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    June 05, 2025

    During his remarks, Durbin condemned the systematic gutting of the Department of Justice under AG Bondi

    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, delivered an opening statement during today’s Senate Judiciary Committee executive business meeting. Durbin’s opening statement outlined the Trump Administration’s systematic gutting of Department of Justice (DOJ) and FBI anti-corruption efforts, gutting of independent ethics review at DOJ, Attorney General Bondi’s conflicts of interest, and more.

    Key Quotes:

    “Under the Trump Administration, the Department of Justice is systematically removing the structure charged with fighting corruption in our government… In one of her first official acts, Attorney General Bondi disbanded the FBI’s Foreign Influence Task Force and restricted enforcement of the Foreign Agents Registration Act, despite the growing threat of foreign influence campaigns by hostile nations. Unfortunately, this was no surprise since the Attorney General herself was formerly a paid foreign agent of the government of Qatar. As a former head of FBI counterintelligence put it, this has created a ‘free for all for foreign intelligence services seeking influence on our government.’”

    “In another shocking move, President Trump ordered a halt to the enforcement of the Foreign Corrupt Practices Act. This landmark law prohibits companies from bribing foreign officials… After endless, baseless accusations that the Biden Administration weaponized DOJ, it is the Trump Administration that is making it easier to target its enemies, stifle dissent, and seek retribution.”

    “The Trump Administration also removed the senior career ethics official at DOJ who advised on conflicts of interest and other ethical issues—and put these duties in the hands of two inexperienced political appointees who are personally beholden to the Attorney General.”

    “In the absence of these internal guardrails, it’s not surprising that we’re witnessing outrageous misconduct. Attorney General Bondi did not recuse herself from President Trump’s solicitation of a free jet from the royal family of Qatar, despite the fact that AG Bondi was a registered foreign agent for [Qatar].”

    “Attorney General Bondi also appears to be reaping the financial rewards of her loyalty to the President. She has been deeply financially entangled with President Trump for years. Most notably, she earned at least $3 million on the merger that formed Trump Media and has held millions of dollars in Trump Media stock. She sold that stock under suspicious circumstances on a historic day—April 2, 2025. This was the same day President Trump announced his hairbrained tariff scheme that crashed the stock market and destroyed $10 trillion in wealth in three days… The share price of Trump Media plummeted 15 percent, yet Bondi appears to have avoided substantial financial loss.”

    “The Justice Department is involved in other activities that bear notice today. During his controversial and disgraceful tenure as Interim U.S. Attorney for the District of Columbia, Ed Martin fired numerous career prosecutors simply because they were assigned to work on January 6 cases. Mr. Martin was rewarded with a plum position at the Justice Department as the very first political appointee to serve as pardon attorney. During his short time in this role, Martin has overseen pardons of numerous Trump donors and supporters.”

    “In light of these concerns, we have a responsibility to call Attorney General Bondi under oath soon. So, I ask again, I hope we have that oversight hearing in the soon in the future.”

    Durbin also spoke in support of David Waterman, nominated to be the U.S. Attorney for the Southern District of Iowa. President Biden nominated Mr. Waterman last February and the Senate Judiciary Committee reported his nomination last April. Mr. Waterman became a victim of then-Senator Vance’s effort to block all U.S. Attorney nominees during under the Biden Administration. 

    Video of Durbin’s opening statement is available here.

    Audio of Durbin’s opening statement is available here.

    Footage of Durbin’s opening statement is available here for TV Stations.

    -30-

    MIL OSI USA News

  • MIL-Evening Report: ‘Deadly’ sports diplomacy: why Australia’s Indigenous people must be a part of our sports strategy

    Source: The Conversation (Au and NZ) – By Stuart Murray, Associate Professor, International Relations and Diplomacy, Bond University

    Sean Garnsworthy/ALLSPORT

    Since coming to power in 2022, the Albanese government has focused strongly on the Indo-Pacific.

    The prime minister’s recent trip to Indonesia was the latest high-level bilateral summit as Australia seeks to recalibrate relationships, enhance security and, where possible, win the battle for hearts and minds in the region.




    Read more:
    There’s no country more important to Australia than Indonesia. Trouble is, the feeling isn’t mutual


    In a world slipping further into “strategic atrophy,” art, music, food, culture, sport and other forms of soft power are no longer peripheral.

    In the foreword to the recently launched Australian Sports Diplomacy 2032+ strategy, for example, Labor MP Tim Watts stated:

    Sport is an important tool for Australia’s diplomatic engagement at a time when Australia needs to use every dimension of our national power to advance our interests.

    The First Nations of Australia are mentioned in this strategy but it fails to reflect the depth, power and influence Indigenous sports diplomats could bring.

    Arguably, our sports diplomacy would be more authentic, unique and effective (especially in the Pacific) if First Nations people, perspectives and programs were genuinely integrated from the outset – baked in, not bolted on.

    The epic history of First Nations sport

    Indigenous Australians were the first people to play sport on this land.

    Before colonisation, Australia’s population was around 750,000, divided into about 500 nations.

    Though sometimes hostile, these communities shared a common language: sport.

    Physical pursuits served, and still serve, many purposes for Aboriginal and Torres Strait Islander people: fostering communication, preserving lore, teaching youth to be effective providers and most importantly, practising survival skills.

    Sport was also a civilising force used for social, cultural and diplomatic ends. Games and carnivals increased contact between clans, easing tension, division, xenophobia and misunderstandings that could spark violence.

    Battendi (spear-throwing), Marngrook (football), Koolchee (ball games), and Prun (mock war) are examples of diplomatic games that predate the ancient Greek Olympics by tens of thousands of years.

    Sport became central to Aboriginal and Torres Strait Islander history, culture, identity and diplomacy.

    “Deadly” – a term meaning excellent – sports diplomacy is a more fitting way to describe this unique form of diplomacy. Done well, it offers a more accurate, authentic brand of Australia to the region and beyond.

    The battle for the Blue Pacific

    The “Blue Pacific” – a term describing a shared Pacific culture, identity and collective diplomatic strategy – offers an opportunity to harness the power of deadly sports diplomacy.

    If Australia hopes to win Pacific hearts and minds, it should send more Aboriginal and Torres Strait Islander sports diplomats and teams to countries such as Fiji, Papua New Guinea (PNG) and New Zealand, because the nations of the Blue Pacific deeply respect the old, wise First Peoples of Australia.

    These relationships are built on shared values: culture, family, spirituality and sport.

    The Black Swans – Australia’s First Nations netball team, which debuted at the PacificAus Sports netball series in 2024 – are included as a case study in Sports Diplomacy 2032+. However, it’s the government’s A$600 million NRL project in PNG that has dominated headlines.




    Read more:
    Sports diplomacy: why the Australian government is spending $600 million on a new NRL team in PNG


    The Albanese government’s backing of this initiative has sparked criticism among supporters of other codes in Australia with strong ties to Pacific nations – especially rugby union, which until recently was the code of choice in Fiji and throughout Polynesia.

    A rise in Pacific Island interest in rugby league may impact rugby union, some argue.

    However, rugby league may be a more effective sports diplomacy tool. It enjoys growing popularity in those locations and has undisputed national sport status in PNG, the most populous Pacific nation by far.

    It’s also arguably more “deadly,” with its Indigenous All Stars team and an Indigenous Round.

    In the NRL, 48% of players have Pasifika heritage, and 12% identify as Aboriginal or Torres Strait Islander, compared to 3% across the Australian population.

    Should rugby union receive similar support? Perhaps, but first, it must address the absence of Indigenous players.

    Since Rugby Australia’s founding in 1949, only 15 Aboriginal men have played Test rugby for Australia.

    What about similar funding for soccer, the national obsession of strategically important near neighbours Solomon Islands and Vanuatu?

    It too has had a relative absence of Indigenous players at Australia’s highest levels, notwithstanding the pioneering careers of Charlie Perkins, John Moriarty, Archie Thompson and recent Matildas Lydia Williams and Mackenzie Arnold.

    Extra time

    Integrating the world’s oldest living culture in Australia’s sports diplomacy program can only enhance our relationships, diplomacy and national brand.

    The Australian Institute of Sport (AIS)’s Share a Yarn initiative is helping lead the way.

    Established in 2020, it connects elite First Nations athletes with respected Aboriginal and Torres Strait Islander mentors.

    Throughout the year, athletes and mentors meet online, attend monthly storytelling sessions and attend an annual cultural connection camp at the AIS campus.

    As Marissa Williamson Pohlman, the first Aboriginal woman to compete in boxing at the Olympics in 2024, noted:

    Mainstream sport can be challenging but having the unwavering support of mob keeps me grounded and focused on my goals.

    The fact Aboriginal and Torres Strait Islanders have practised sports diplomacy for more than 60,000 years is a powerful story. It is one that should be celebrated at every international sporting event we attend, bid for, or host.

    Including Aboriginal and Torres Strait Islander people, programs and perspectives would strengthen and innovate our strategies, add vital cultural iconography, inspire like-minded nations and help win hearts and minds from Honiara to Hawaii.

    The authors would like to thank Kombumerri woman Emily Pugin (DFAT) and Butchulla/Goreng Goreng Paul Martin for their contribution, teaching and help in commissioning and drafting the report that informs this article.

    Stuart Murray receives funding from The Department of Foreign Affairs and Trade

    Narelle Bedford 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. ‘Deadly’ sports diplomacy: why Australia’s Indigenous people must be a part of our sports strategy – https://theconversation.com/deadly-sports-diplomacy-why-australias-indigenous-people-must-be-a-part-of-our-sports-strategy-257542

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Sens. Markey, Baldwin, Rep. Carter Announce Legislation to Protect Public TV Channels

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey
    Bill Text (PDF)
    Washington (June 5, 2025) – Senators Edward J. Markey (D-Mass.), a member of the Senate Commerce, Science, and Transportation Committee, and Tammy Baldwin (D-Wisc.) and Representative Troy A. Carter Sr. (LA-02), member of the House Energy & Commerce Committee, today announced the introduction of the Protecting Community Television Act, legislation that would undo rulemaking from the first Trump administration’s Federal Communications Commission (FCC) that effectively limited the resources available for public, educational, and government (PEG) channels.
    Under the Communications Act, cable companies negotiate franchise agreements with local governments to provide cable services in a community. The Act caps franchise fees that a cable company pays to the local government at 5% of revenue. This revenue helps fund PEG stations, as well as other community services such as public libraries and emergency responders. In addition, cable companies historically paid up to 5% cap and provided additional, in-kind support to the community, such as free cable service to schools or access to building studios. In 2019, the FCC issued a new rule that counted those in-kind contributions towards the 5% cap, meaning cable companies could reduce their cash payments by claiming the value of those services. With fewer cash resources, local governments were forced to choose between investing in PEG programming or supporting other public services. The result has been less funding for PEG stations.
    “Millions of Americans rely on community television to keep up with the news that matters most to them, stay plugged into enriching, educational programming, and hold their local governments to account. But the Trump administration has forced communities across the country to pull the plug on public programming,” said Senator Markey. “At a time when news and media have become more consolidated than ever before, I am proud to partner with Senator Baldwin and Representative Carter to reintroduce the Protecting Community Television Act to uphold local access to public, education, and government channels for every household in our country.”
    “I’m proud to cosponsor this bill and stand with communities that depend on local media to stay informed, connected, and heard. PEG channels are lifelines for civic engagement and public education, especially in times of crisis, and they shouldn’t be collateral damage in a corporate accounting maneuver. This legislation restores the original promise Congress made: that local governments should have the tools they need to meet community needs without being forced to choose between vital services and local voices,” said Congressman Carter.
    The legislation is endorsed by Democratic Leader Schumer (D-N.Y), and Senators Richard Blumenthal (D-Conn.), Mazie Hirono (D-Hawaii), Angus King (I-Me.), Amy Klobuchar (D-Minn.), Jeff Merkley (D-Ore.), Chris Murphy (D-Conn.), Bernie Sanders (I-Vt.), Brian Schatz (D-Hawaii), Jeanne Shaheen (D-N.H.), Tina Smith (D-Minn.), Elizabeth Warren (D-Mass.), Peter Welch (D-Vt.), Ron Wyden (D-Ore.), Cory Booker (D-N.J.), Kirsten Gillibrand (D-N.Y.), Chris Van Hollen (D-Md.), and Alex Padilla (D-Calif.).
    The Protecting Community Television Act is endorsed by Alliance for Community Media, National Association of Counties, National Association of Telecommunications Officers and Advisors, National League of Cities, MassAccess, and Maine Community Media Association.
    “The Alliance for Community Media welcomes the re-introduction of the Protecting Community Television Act and want to thank Senator Markey and Representative Carter for their support for community access television. Passage of the Act will reduce fees that drain away monetary support for local community media channels across the country. At a time when we have fewer and fewer local journalists and reliable local information sources, cities and towns need community access television more than ever, and this bill will help sustain our operations,” said Mike Wassenaar, President & CEO, Alliance for Community Media.
    “Counties rely on public communications channels to disseminate local news and updates to residents in a timely manner,” said Matthew Chase, Executive Director of the National Association of Counties. “By preserving monetary support for public, educational and government channels through franchise fees, counties would ensure that essential local content remains accessible to residents. Counties thank Senators Ed Markey and Tammy Baldwin for introducing the Protecting Community Television Act and urge its swift passage”
    “The Protecting Community Television Act (PCTA) is elegant legislation that seeks to protect benefits consistent with the Cable Act and cable franchising principles since 1984.  In 2019, the Federal Communications Commission issued an order that undermines this ability by redefining the term “franchise fees” as used in the Cable Act and substituting its definition for that written by Congress in 1984. The Protecting Community Television Act remedies that altered meaning by protecting local public, educational and community access television so folks in communities across the country can continue to access relevant and timely local news that they rely on. Thanks to Senators Ed Markey (D-Mass.) and Tammy Baldwin (D-Wisc.) and Congressman Troy Carter (D-LA) for continuing to advocate for the PCTA, which reaffirms Congress’ original intent to protect the long-standing ability of local governments to manage public property and provide for local media through public, educational and governmental access channels (PEG Access) in cable franchise agreements,” said Mike Lynch, Legislative Director for National Association of Telecommunications Officers and Advisors.

    MIL OSI USA News

  • MIL-OSI USA: Governor Stein and Emergency Management Officials Provide Updates at the Start of Hurricane Season, Urge North Carolinians to Stay Safe

    Source: US State of North Carolina

    Headline: Governor Stein and Emergency Management Officials Provide Updates at the Start of Hurricane Season, Urge North Carolinians to Stay Safe

    Governor Stein and Emergency Management Officials Provide Updates at the Start of Hurricane Season, Urge North Carolinians to Stay Safe
    lsaito

    Raleigh, NC

    Today Governor Josh Stein, Director of Emergency Management Will Ray, Attorney General Jeff Jackson, First Sergeant Chris Knox of the North Carolina Highway Patrol, and Colonel Patrick Henderson of the North Carolina Army National Guard held a briefing to provide updates and guidance at the start of hurricane season. Governor Stein urged North Carolinians to have a plan in place in case of emergency and shared resources to help people prepare and stay safe.

    “As our state braces for hurricane season, I encourage North Carolinians be aware of emergency management warnings and resources so that they have a plan to stay safe in case of an emergency,” said Governor Josh Stein. “Emergency Management continues to prepare amidst uncertainty on the federal level – we must stay the course and do everything in our power to keep North Carolinians safe no matter what happens in Washington, DC.”

    “Hurricane season has begun and there are steps to be taken to protect yourself, your family, and your property if a hurricane or tropical weather does strike,” said North Carolina Director of Emergency Management Will Ray. “Remember to put together an emergency kit, have multiple avenues from which you can receive emergency announcements, and take the steps needed to protect your home.”         

    The State Emergency Response Team has begun preparations for the 2025 hurricane season by reviewing lessons learned from previous storms as well as polices and procedures and exercising key processes to ensure all resources are available to local communities should a storm impact the state. The focus of the State Emergency Response Team is to support local emergency management and first responders, but it is imperative that all North Carolinians take the time to prepare their household for tropical weather. Preparedness builds resilience. 

    Last month Governor Stein published an op-ed about smart ways to reform FEMA in USA Today as North Carolina braces for hurricane season. The Governor outlines his recommendations to reform FEMA, including focusing on permanently rebuilding homes and businesses, implementing a common application for survivors to apply for aid, and moving away from reimbursement programs. There is much room for improvement in FEMA, but abolishing FEMA exacerbates the problem as we enter another hurricane season.

    Make sure your family is prepared before disaster strikes. Below are some things you can do immediately to get prepared: 

    • Put together an emergency kit, including non-perishable food and water (1 gallon per person per day) for 3 to 7 days, a battery-powered or hand crank radio or a National Oceanic and Atmospheric Administration Weather Radio with extra batteries, and prescriptions and over the counter medication.
    • Be aware of any unique needs for babies, elderly, or disabled members of your household, as well as pets.
    • Have multiple ways to receive severe weather warnings such as the weather alert app on your phone, a National Oceanic and Atmospheric Administration Weather Radio, or local TV news.
    • Build an emergency plan in case you and your family need to evacuate, including a plan for communication. Have printed copies of family members’ phone numbers, social media handles, email addresses, and important medical information in case mobile devices die. Plan where you will meet if you are separated from your family and have copies of important papers such as birth and adoption certificates, driver’s licenses, or military ID’s.
    • Take steps to protect your home by preparing a full list of personal items to help with insurance settlements or tax deductions.
    • Be sure you know how to shut off your utilities safely. Water, electricity and gas are key services that can also cause special problems during an emergency. Do NOT try to turn the gas back on yourself. Always call a trained expert.

    Get involved in your community’s preparedness activities: 

    • Learn about the emergency plans for your children’s schools, your workplace, and your neighborhood.
    • Participate in community preparedness exercises and drills.
    • Volunteer with a Community Emergency Response Team (CERT) to learn about disaster preparedness and receive training in basic disaster response skills.
    • Contact the NC Volunteer Organizations Active in Disaster for more ways to help.

    Click here to view the full Emergency Management briefing.

    Click here for more tips on how to be prepared for hurricane season. 

    ### 

    Jun 5, 2025

    MIL OSI USA News

  • MIL-OSI: Arovia Returns to Kickstarter with the Splay Max – The Ultimate Portable 2-in-1 Display and Projector

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, June 05, 2025 (GLOBE NEWSWIRE) — Arovia, the Texas-based innovators behind the award-winning, patent-granted Splay portable display, is back with a bigger, bolder sequel: Splay Max. Launching today on Kickstarter, Splay Max is a fully collapsible, ultra-portable 2-in-1 device that functions as both a full HD display and a high-performance projector, delivering large-screen impact for work, play, and everything in between.

    Building on community feedback from the original Splay, Arovia designed the Splay Max with a dramatically 2x, larger 35-inch screen in display mode and up to 100 inches in projector mode, all while folding down to the size of a headphone case. For the next 45 days, backers can secure Splay Max on Kickstarter for just $799, a nearly 50% discount from its anticipated $1,499 retail price.

    “Our original backers shaped the future of portable displays,” said Alex Wesley, CEO and Co-Founder of Arovia. “They told us what they needed: something bigger, just as portable, and even more versatile. We listened, we engineered, and now we’re thrilled to bring Splay Max to life.”

    Splay Max is more than just a bigger screen. It’s an ultra-portable, collapsible solution that offers:

    • 35” Full HD Display Mode (1920×1080 resolution)
    • Projector Mode up to 80” with auto keystone correction
    • Ultra-portable and collapsible form factor
    • Built-in speakers and rechargeable battery
    • Glare-free, low blue light award-winning nanomaterial screen for eye comfort
    • Tripod compatible for flexible projector setups

    Designed for both professionals and everyday users, Splay Max is ideal for business presentations, government field work, remote collaboration, digital nomad setups, camping trips, outdoor movies, and portable gaming.

    Arovia is inviting early adopters, tech lovers, and mobile professionals to be among the first to experience Splay Max by backing the project on Kickstarter before the campaign ends in mid-July

    To back the project or learn more, visit: www.arovia.com

    Kickstarter link: https://www.kickstarter.com/projects/splaydisplay/1610772056?ref=d3dc3n&token=3198e2b6

    YouTube: @splay2182

    For press inquiries or review units, please contact:

    Chris Herbert
    Pendulum PR
    cherbert@pendulum-pr.com
    614-448-8703

    A video accompanying this release is available here: https://www.globenewswire.com/NewsRoom/AttachmentNg/98f6cfc2-96b4-4b9c-9b79-1296e8aba35f

    The MIL Network

  • MIL-OSI Economics: Samsung Celebrates Galaxy S25 Edge Launch with Live Performance by Doechii at Edge NYC

    Source: Samsung

    On Friday, May 30th, Samsung Galaxy and Doechii, – both innovators pushing boundaries in music and technology – united for a private performance at the Edge NYC in Hudson Yards. To celebrate, Samsung hosted a private event 1,100 feet above the ground at the iconic venue.
    NEW YORK, NEW YORK – MAY 30: A view of the atmosphere during Samsung Galaxy S25 Edge launch at Edge at Hudson Yards on May 30, 2025 in New York City. (Photo by Bryan Bedder/Getty Images for Samsung Galaxy)
    The exclusive performance marked the debut of the Samsung Galaxy S25 Edge, a category-defining slim smartphone with pro-level performance and advanced AI capabilities.

    MIL OSI Economics

  • MIL-OSI Video: World Oceans Day, Palestine, Ukraine & other topics – Daily Press Briefing (5 June 2025)

    Source: United Nations (Video News)

    Noon Briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.

    Highlights:
    Trip Announcement/Secretary-General
    World Oceans Day
    Secretary-General/Fallen Staff
    Occupied Palestinian Territory
    Ukraine
    Syria/Security Council
    International Days

    TRIP ANNOUNCEMENT/SECRETARY-GENERAL
    On Sunday, June 8, the Secretary-General will arrive in Nice, in France, to take part in the third UN Ocean Conference, co-hosted by France and Costa Rica.
    On Monday, the Secretary-General will deliver remarks during the conference’s opening session. He will recall the progress achieved since the last Ocean Conference in Lisbon and call for investments to fully realize the sustainable development goal number 14, which is, as you know, life below water.
    The Secretary-General will also use this opportunity to urge all countries to ratify the Agreement on Marine Biological Diversity of Areas beyond National Jurisdiction (BBNJ), and also to call on member states to agree this year on an ambitious and legally binding treaty on plastic pollution.
    The BBNJ will enter into force 120 days after its 60th ratification, and to facilitate this process, our colleagues at the department of Legal Affairs are organizing a Treaty event during the Ocean conference. At that event, all Member States who have not yet done so will be able to formally deposit their ratification.
    While in Nice, the Secretary-General will have bilateral meetings with both co-hosts of the conference, President Emmanuel Macron, of France, as well as President Rodrigo Chaves Robles, of Costa Rica. He will also have a number of bilateral meetings with other delegation leaders and members of the civil society who will be at the conference.
    On Tuesday morning, the Secretary-General will conclude his programme in Nice with a press encounter, which will be shown live on UN WebTV.

    WORLD OCEANS DAY
    A day ahead of the UN Ocean Conference, the UN will mark World Oceans Day. In his message, the Secretary-General calls for the protection of marine biodiversity, the rejection of practices that inflict irreversible damage, and he calls for the delivery on the promises of the Biodiversity Beyond National Jurisdiction Agreement. &nbs

    SECRETARY-GENERAL/FALLEN STAFF
    This morning, the Secretary-General spoke at the annual memorial service for UN staff who have lost their lives in the line of duty over the past year, and he paid tribute to the 168 men and women who lost their lives in 2024.
    He told journalists this morning that the past year has been especially devastating in Gaza, with 126 of our colleagues killed there — 125 of those were serving with UNRWA.
    Mr. Guterres said that the sacrifice of all 168 of our fallen colleagues everywhere is a tragedy, adding that it is also a reminder of the responsibility carried by every United Nations staff member, every single day.
    He said that as we mourn those lost, we must also recognize the living — the thousands of UN personnel who serve around the world today, carrying out the missions entrusted to them by the countries that make up these United Nations.

    Full highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=05%20June%202025

    https://www.youtube.com/watch?v=80xGuK-Ku8Y

    MIL OSI Video

  • MIL-OSI Video: Opening of the 2025 UN Ocean Conference | United Nations (Nice, France)

    Source: United Nations (Video News)

    Our Ocean, Our Future, Our Responsibility

    – Cultural Event
    – Opening segment
    – Beginning of the general debate

    The high-level 2025 United Nations Conference to Support the Implementation of Sustainable Development Goal 14: Conserve and sustainably use the oceans, seas and marine resources for sustainable development (the 2025 UN Ocean Conference) will be co-hosted by France and Costa Rica and held in Nice, France, from 9 – 13 June 2025.

    The overarching theme of the Conference is “Accelerating action and mobilizing all actors to conserve and sustainably use the ocean”. The Conference aims to support further and urgent action to conserve and sustainably use the oceans, seas and marine resources for sustainable development and identify further ways and means to support the implementation of SDG 14. It will build on existing instruments to form successful partnerships towards the swift conclusion and effective implementation of ongoing processes that contribute to the conservation and sustainable use of the ocean.

    The Conference will involve all relevant stakeholders, bringing together Governments, the United Nations system, intergovernmental organizations, international financial institutions, other interested international bodies, non-governmental organizations, civil society organizations, academic institutions, the scientific community, the private sector, philanthropic organizations, Indigenous Peoples and local communities and other actors to assess challenges and opportunities relating to, as well as actions taken towards, the implementation of Goal 14. 

    The Conference will build on the previous UN Ocean Conferences, hosted by Sweden and Fiji in 2017 in New York and by Portugal and Kenya in 2022 in Lisbon.

    2025 UN Ocean Conference website: https://sdgs.un.org/conferences/ocean2025

    Watch the opening of the 2025 UN Ocean Conference in other languages (AR, CH, EN, FR, RU, SP) on the UN Web TV website: https://webtv.un.org/en/asset/k1k/k1kj0sjklh

    https://www.youtube.com/watch?v=pWcCtCy8gDM

    MIL OSI Video

  • MIL-OSI Security: Lunenburg County — Update: Lunenburg District RCMP charges woman with impaired driving offences following fatal side-by-side crash

    Source: Royal Canadian Mounted Police

    Lunenburg District RCMP has charged a woman with multiple impaired driving offences following an investigation into a fatal off-highway vehicle crash that occurred in May 2024, RCMP investigates fatal ATV crash in Forties.

    On May 27 at approximately 7:10 p.m., Lunenburg District RCMP, fire services, and EHS, responded to a report of a Polaris side-by-side crash on a logging road near the 1100 block of Forties Rd. Of the four occupants, an infant from Forties, succumbed to life-threatening injuries after being transported to hospital. Two adults, a 27-year-old female driver from Forties and a 52-year-old male passenger from New Ross, suffered serious injuries and a child also from Forties, suffered minor injuries. They were also transported to hospital by EHS.

    Through blood analysis, it was established that the driver’s blood alcohol concentration was more than twice the legal limit at the time of the crash.

    On June 4, 2025, RCMP officers arrested Madisyn Elizabeth Parker, 28, and charged her with:

    • Impaired Operation of a Conveyance Causing Death
    • Dangerous Operation of a Conveyance Causing Death
    • Causing Death by Criminal Negligence

    Parker has appeared in court and was released on conditions. She’s scheduled to return in Bridgewater Provincial Court on July 2 at 9:30 a.m.

    An RCMP collision reconstructionist and the RCMP’s National Forensic Laboratory Services supported the investigation that led to these charges.

    The investigation is ongoing.

    Our thoughts continue to be with the victim’s loved ones.

    File #: 2024-720190

    MIL Security OSI