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Category: Entertainment

  • MIL-OSI China: ‘Curious Tales of a Temple’ animated movie set for July release

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

    An epic animated fantasy anthology film “Curious Tales of a Temple” is set for release in July, intertwining six storylines from China’s classic supernatural story collection “Strange Tales from a Chinese Studio” by Pu Songling.

    A poster for “Curious Tales of a Temple.” [Image courtesy of Light Chaser Animation]

    The animated film, co-directed by Cui Yuemei, Liu Yuan, Xie Junwei, Zou Jing, Huang Heyu and Liu Yilin — with each directing one story — and produced by Song Yiyi, adapts Pu Songling’s stories in anthology format. As the 10th feature-length production from Light Chaser Animation, it stands as the studio’s most ambitious film to date, featuring the largest scale and most extensive creative team. The movie marks their fifth straight summer release after blockbusters “Green Snake,” “New Gods: Yang Jian,” “Chang An” and “White Snake: Afloat.”

    “Strange Tales from a Chinese Studio” is a 17th-century collection of stories by Pu Songling that blends folklore, fantasy and moral lessons. The tales feature scholars, spirits and shape-shifting creatures in dreamlike scenarios that explore virtue, retribution and the mystical. With elegant prose and wit, Pu crafts enchanting short stories in which humans grapple with otherworldly dilemmas. This anthology reveals profound truths about human nature through the extraordinary, while being both entertaining and enlightening.

    In a May 15 announcement, Light Chaser Animation said that in adapting “Strange Tales from a Chinese Studio” into an animated feature, it has pushed creative boundaries in storytelling, visual style and audiovisual experience, striving to deliver a fresh, interesting and immersive journey into the extraordinary world of Eastern fantasy.

    The six stories center on Lanruo Temple, an ancient ruin haunted by spirits. The newly released trailer opens with scholar Pu Songling exploring the temple at night, weaving in classic tales like “Taoist from Laoshan Mountain,” “Princess Lotus,” “Nie Xiaoqian,” “The Painted Skin” and “The Daughter of Magistrate Lu.” These stories — spanning humans, ghosts and demons — explore love, death and morality against shifting time. The film merges six distinct styles into one anthology, offering fresh perspectives. For example, “Taoist from Laoshan Mountain” uses felt-textured animation, while “The Painted Skin” mirrors Song dynasty painting aesthetics, appealing to new viewers and longtime fans alike while showcasing Light Chaser’s blend of innovation and tradition.

    “Curious Tales of a Temple” will open in theaters nationwide on July 12 as a strong contender at the summer box office.

    MIL OSI China News –

  • MIL-OSI: NANO Nuclear Energy Announces Second Fiscal Quarter and Recent Operational Highlights and Provides Corporate Outlook 

    Source: GlobeNewswire (MIL-OSI)

    New York, N.Y., May 16, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced its second fiscal quarter ended March 31, 2025 and more recent operational highlights and provided an outlook on its expectations and goals for 2025 and beyond.

    “We started 2025 with a view to build on a successful 2024, and have done just that, pursuing and executing on our objectives efficiently,” said Jay Yu, Founder, Chairman and President of NANO Nuclear. “The acquisition of the rebranded, high technology readiness level stationary KRONOS MMR™ and portable LOKI MMR™ microreactors, which were finalized at the start of the year, has put us in a leading position in the microreactor race in U.S. We have solidified our relationship and working agreements with the University of Illinois Urbana-Champaign (UIUC) for the KRONOS MMR and are now working to construct the first research microreactor on campus grounds in the U.S. We are confident our efforts at UIUC will lead to eventual commercialization of many KRONOS MMRs being constructed throughout many industries across the world. The U.S. Nuclear Regulatory Commission (NRC) approved the Fuel Qualification Methodology Topical Report for the KRONOS MMR, which is a major milestone for the commercial microreactor sector in general and crucial for the eventual construction of the microreactor system on campus grounds. In the coming months, we expect to begin the process of geological characterization, including subsurface investigations, which will lead to our construction permit applications and other future project milestones.”

    “In addition, NANO Nuclear has amassed dozens of domestic and international patents through our KRONOS and LOKI acquisition. We are also further expanding our current intellectual property protections with over a dozen new patent applications surrounding our microreactor portfolio, and supplementary technologies like our ALIP pump system,” continued Mr. Yu. “This year has also seen us commit to a new, multimillion dollar demonstration facility in Westchester County, New York, where the development of non-nuclear components, including commercializing the ALIP technology, will take place. Furthermore, our team has grown, and we have attracted many full-time engineers, regulatory and licensing experts, led by a world class Chief Technical Officer and Head of Reactor Development, Dr. Florent Heidet. This positive start to the year positions us well to achieve further milestones during the rest of 2025 and lays a solid foundation for achieving our longer term demonstration, regulatory licensing and commercialization goals.”

    2025 Operational Highlights

    Financial Achievements

    Operating Activities

    • $5.6 million used in operating activities during the six months ended March 31, 2025, reflecting NANO Nuclear’s ongoing scale-up in operations and research and development.

    Investing Activities

    • $12.7 million used in investing activities during the six months ended March 31, 2025, which includes $9.1 million for the acquisition of the KRONOS and LOKI assets and $3.6 million for investment in property and equipment primarily related to the build out of NANO Nuclear’s new demonstration facility in Westchester, New York, which is now operational.

    Financing Activities

    • $108.4 million raised during the six months ended March 31, 2025. NANO Nuclear had cash and cash equivalents of $118.6 million as of March 31, 2025, up from $28.5 million on September 30, 2024. These cash resources demonstrate not only strong investor support, but also an efficient use of investor capital to advance the Company’s business goals since its May 2024 initial public offering. The Company also has the liquidity to drive further value going forward.

    Selected for Inclusion into MSCI USA Index

    • Selected to be included in the MSCI USA Index, effective as of February 28, 2025, following the February index review by MSCI Inc. The MSCI USA Index is designed to measure the performance of the large and mid-cap segments of the U.S. market. With 576 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in the US.

    “We have been focused while executing on our capital and technology development roadmap while putting in place cost controls and maintaining a solid financial foundation. With a strong balance sheet and strong investor support, we are well-positioned to advance our initiatives for the remainder of this year and beyond” concluded Mr. Yu.

    Technological Advancements

    Acquisition of Tech Ready Patented Energy Systems

    • NANO Nuclear closed the acquisition of select nuclear energy technology assets on January 10, 2025, including the patented KRONOS MMR Energy System and LOKI MMR reactor from Ultra Safe Nuclear Corporation (USNC).
      • Acquisition immediately added one of the highest technology readiness level advanced nuclear reactors in development and significantly expanded NANO Nuclear’s patent portfolio.
      • KRONOS has well-developed projects at UIUC and Chalk River, Ontario, where NANO Nuclear is seeking to be the first company in the U.S. and in Canada to build and license a microreactor intended for research and commercial use.
      • The KRONOS MMR™ is a stationary reactor system and designed to produce power up to 45 megawatts thermal (MWth) power.
      • The LOKI MMR™ is a compact portable nuclear reactor designed to provide between 1 MWth and 5 MWth of power.

    Acquisition and Further Expansion of Intellectual Property Protections

    • Series of patents that were acquired from USNC alongside its reactor technologies serve to strengthen NANO Nuclear’s intellectual‑property protections for its portfolio of modular nuclear technologies currently in development.
      • Filed four new separate utility patent applications with the United States Patent and Trademark Office (USPTO) related to NANO Nuclear’s Annular Linear Induction Pump (ALIP) technology.
      • Filed six additional patents surrounding the components and designs of the ZEUS™ portable microreactor on March 27, 2025.

    Fabrication and Assembly of Key Non-Nuclear Components

    • Engaged Thermal Engineering International (TEi), a Babcock Power Inc.® company, to carry forward the design and fabrication of several heat exchangers for its portable ODIN™ nuclear microreactor project.
      • TEi is a leading supplier of heat transfer technology to the electric power generation industry for over 100 years.
    • Assembled the first reactor core hardware of its ZEUS microreactor for initial non-nuclear testing.
      • The hardware consists of a half‑scale (1:2) block, and the initial testing phase will evaluate its thermo‑mechanical performance under expected prototypical ZEUS operating conditions.

    Operational Growth

    Addition of Key Personnel and Leaders

    • Darlene T. DeRemer transitioned into a new corporate role with NANO Nuclear as its Executive Director of Corporate Finance, having previously served as the Chairwoman of NANO Nuclear’s Executive Advisory Board for Institutional Finance. Ms. DeRemer is the Chair of the ARK Invest ETF Trust Board, co-founder of Grail Partners LLC. and has over 25 years of experience as a leading adviser in the financial services industry.
    • Florent Heidet, Ph.D. joined NANO Nuclear as Chief Technology Officer and Head of Reactor Development. Dr. Heidet is a world-renowned expert on advanced nuclear reactor technologies, leveraging two decades of nuclear engineering and project management expertise. Dr. Heidet was previously the Head of Engineering at Ultra Safe Nuclear Corporation (USNC).
    • Andrew Steer, Ph.D. joined NANO Nuclear’s U.K.-based nuclear science and engineering partner Cambridge AtomWorks as NANO Nuclear’s Head of Regulatory Engagement. Dr. Andrew Steer is a nuclear safety case and regulatory engagement expert with over 18 years of experience in the nuclear industry.
    • Brent Hamilton was appointed as the Company’s Director of Quality Assurance. Mr. Hamilton has over 26 years of quality control, quality engineering, and quality assurance experience, primarily in nuclear construction for commercial nuclear, Department of Energy projects, and nuclear fuel manufacturing.
    • James Leybourn joined NANO Nuclear’s U.K.-based nuclear science and engineering partner Cambridge AtomWorks. Mr. Leybourn is a Chartered Physicist with over 12 years’ experience of Physics and Engineering within the U.K. nuclear industry.
    • Simon Boddington joined NANO Nuclear’s U.K.-based nuclear science and engineering partner Cambridge AtomWorks. Mr. Boddington is a reactor physicist with over 10 years of industry experience covering pressurized water reactors as well as thermal and fast spectrum molten salt reactor designs.
    • Radwan Nassim Kheroua joined NANO Nuclear’s U.K.-based nuclear science and engineering partner Cambridge AtomWorks. A Nuclear Systems Engineer, Mr. Kheroua previously served as a Research Engineer in Reactor Thermal-Hydraulic Modeling at Framatome.
    • Luke Godfrey joined NANO Nuclear’s U.K.-based nuclear science and engineering partner Cambridge AtomWorks. A Senior Nuclear Engineer, Mr. Godfrey previously served as Lead Thermohydraulic Engineer at Moltex, focusing on molten salt heat transfer, coupled reactor system modeling, and safety case development.
    • Jake Miles joined NANO Nuclear’s U.K.-based nuclear science and engineering partner Cambridge AtomWorks. A Nuclear Engineer, Mr. Miles earned a BSc in Physics from the University of Leeds and later completed a Master’s degree in Nuclear Energy at the University of Cambridge.

    Recruitment Drive

    • Recruitment drive initiated with a focus on Midwestern United States to expand engineering and project development teams in proximity to UIUC and the KRONOS reactor project.
      • Effort seeks to support construction permit application activities as well as eventual demonstration and construction activities.
      • NANO Nuclear is actively recruiting top talent across a variety of critical disciplines.

    New York State Demonstration Facility

    • Established a dedicated, multimillion dollar, purpose-built demonstration facility in Westchester County, New York.
      • Will house demonstrations of the operation and viability of several non-nuclear parts and components of NANO Nuclear’s microreactors in development.
    • Engaged aRobotics Company to oversee the retrofit and build-out of Westchester County demonstration facility.
      • aRobotics has been recognized with multiple honors, including the NATO DIANA Challenge, the NYC Department of Building Challenge, and active contracts with all major branches of the U.S. Military.
    • Build-out and retrofitting of the Westchester Facility completed in early May.
      • Facility is now operational, with testing to commence shortly and continue throughout 2025, focusing on ZEUS components and the Company’s patented ALIP technology.

    Canadian Demonstration Reactor

    • Reestablishing KRONOS MMR demonstration reactor in Canada.
      • Positions NANO Nuclear to advance its technology efficiently from construction and demonstration to regulatory licensing and, ultimately, commercialization throughout North America.

    Partnerships, Collaborations and Government Awards

    SBIR Phase 1 Application

    • Announced backing for a U.S. Department of Energy Small Business Innovation Research (SBIR) Phase I proposal, submitted in partnership with the City University of New York–City College (CCNY) and Advanced Engineering Solutions LLC.
      • The SBIR Phase 1 proposal is “Investigation of Microreactor Cooling and Development of a Smart Alarming System for Reactor Pressure Vessel Surface Temperature Monitoring” – and aims to develop advanced cooling techniques and monitoring systems for microreactor transport safety.

    KRONOS MMR™ Construction Pathway

    • Signed a strategic collaboration with the UIUC to construct the first research KRONOS MMR on a major research university campus.
      • Site has been selected and preparatory work towards a Construction Permit application has been initiated. NANO Nuclear will begin the process of geological characterization, including subsurface investigations, to support preparation of a Construction Permit Application for submission to the NRC.
        • This preparatory work is essential to understanding the environmental parameters of the site, including critical inputs to safety analysis, to ensure the utmost reliability and safety of the facility, and support NANO Nuclear’s Preliminary Safety Analysis Report and Environmental Report.
      • Establishes UIUC as key collaborator in the licensing, siting, public engagement, and research operation of the KRONOS MMR™.

    Nuclear Regulatory Commission Communication on KRONOS

    • Pre‑application work on the KRONOS MMR™ Energy System is progressing in cooperation with the UIUC following the NRC’s update to the project’s landing page (NRC Project No. 99902094), formally naming NANO Nuclear as the reactor’s designer.
    • The NRC issued its final Safety Evaluation (SE) approving the Fuel Qualification Methodology Topical Report (FQM TR) to be used for the KRONOS MMR™.

    LIS Technologies and the Department of Energy Low Enriched Uranium IDIQ Award.

    • Entered a collaboration to support LIS Technologies, the only U.S. origin and patented laser enrichment company, to address the fuel supply chain issues which could potentially affect the mass deployment of all advanced reactor systems for all nuclear reactor companies.
      • LIS Technologies was one of six companies selected to address the LEU supply chain, with NANO Nuclear as its principal subcontractor, responsible for addressing the conversion, mining, and milling requirements of the IDIQ award.

    Shareholder Suit Dismissal

    • A Clark County, Nevada judge has completely dismissed the shareholder lawsuit titled Latza v. Walker, et al., (Case No. A-24-900423-B). The judge granted both dismissal requests filed by the Company and by its officers and directors, ending the case in their favor.

    Corporate Outlook

    SBIR Projects

    • The SBIR Phase III project surrounding NANO Nuclear’s ALIP technology will advance towards its conclusion, with the Company’s new Westchester demonstration facility expected to play a key role in its advancement.
    • Company anticipates early indicators surrounding a separate SBIR Phase I project application filed in partnership with CCNY and Advanced Engineering Solutions LLC.

    Advances in Demonstration Reactor Preparations

    • NANO Nuclear anticipates further clarity on the advancement of its KRONOS MMR demonstration reactor plans in both the United States and Canada.
      • Next steps in the development of pre-construction permit application with UIUC anticipated this year.
        • NANO Nuclear is currently planning drilling work at the UIUC site intended for the construction of the KRONOS reactor system, to provide the Company with the geological characterization necessary to submit a ‘Permit to Construct’ application to the NRC. NANO Nuclear is aiming to be the first microreactor company in the U.S. to file for this permit.
      • NANO Nuclear intends to enter the licensing process under Canadian Nuclear Safety Commission (CNSC) oversight and has been in discussions with the Canadian Nuclear Laboratory (CNL) about the selected site for the project at Chalk River. NANO Nuclear is aiming to be the first company to build a licensed microreactor in Canada intended for commercial deployment.

    Advances in Non-Nuclear Component Development

    • NANO Nuclear anticipates the receipt of, and revision & eventual finalization of TEi designs for ODIN™ heat exchangers.
    • Company intends to begin the testing phase of its 1:2 scale ZEUS™ reactor core hardware, which will evaluate its thermo‑mechanical performance under expected prototypical operating conditions.
      • Testing is expected to continue through 2025.

    Hiring Drive Expectations

    • NANO Nuclear anticipates making substantial progress in its hiring initiative throughout 2025, in support of additional permit and licensing advances and eventual demonstration & construction activities in Midwestern USA.

    “We’ve made meaningful progress across several key initiatives in the first half of the fiscal year and we’re now focused on accelerating our efforts in the second half of fiscal 2025,” said James Walker, Chief Executive Officer of NANO Nuclear. “We have grown our technical and regulatory teams as we begin testing non-nuclear components and pursue construction permits. We have acquired and are developing a robust portfolio of patents and other IP and are planning to expand it further as the year progresses. Our ambitions don’t stop with just our reactors, we see enormous potential across the nuclear industry in areas such as nuclear transportation, fuel enrichment, and nuclear consulting services that we are actively developing to grow our business and resources. We have also made inroads in our discussions and coordination with regulatory and licensing bodies, which will play a crucial role in the near and long term. All in all, the last six months have put us on solid footing as we look to capitalize on upcoming opportunities throughout the remainder of the year.”

    About NANO Nuclear Energy, Inc.

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

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

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

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

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

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

    For further NANO Nuclear information, please contact:

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

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

    NANO Nuclear Energy LINKEDIN
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    Cautionary Note Regarding Forward Looking Statements

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

    The MIL Network –

  • MIL-OSI: EngageLab Supercharges Global E-commerce with Smart Push and Push Plan Features for AppPush & WebPush, Boosting Click-Through Rates by Over 30%

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 16, 2025 (GLOBE NEWSWIRE) — As global e-commerce gears up for a series of major shopping seasons, EngageLab, a leading customer engagement solutions provider recently launched two powerful new features for its AppPush and WebPush products: Smart Push and Push Plan. These enhancements are designed to help global e-commerce businesses significantly improve user engagement, marketing efficiency, and conversion rates, with early adopters already reporting click-through rate increases of over 30%.

    With major sales events like TikTok’s multi-country Summer Sale (June-July), Amazon Prime Day (July), the North American Back-to-School season (July-September), and Southeast Asia’s mega-sales (September) on platforms like Shopee, Lazada, and TikTok Shop rapidly approaching, e-commerce businesses are seeking more intelligent ways to cut through the noise and maximize their marketing ROI. EngageLab’s new features directly address the challenges of optimizing message delivery and managing complex promotional campaigns.

    Feature 1: Smart Push – Deliver Messages at the “Golden Moment”
    EngageLab’s new Smart Push capability eliminates the guesswork in scheduling push notifications. By analyzing users’ recent activity patterns and usage habits, the smart feature predicts the optimal time each user is most likely to be active and engaged. Messages are then delivered precisely according to the user’s local time zone, ensuring notifications arrive at their personal “golden moment.”

    Key Advantages:

    • Higher Click-Through Rates: Delivering messages when users are most active significantly increases visibility and interaction. Clients testing this feature have seen click-through rates improve by over 30%.
    • Increased Conversion Efficiency: Capturing user attention at peak engagement times leads to more effective down-funnel conversions.
    • Enhanced User Experience: Avoids inopportune interruptions, fostering positive brand perception.
    • New User Friendly: For users without historical data, businesses can still opt for immediate delivery, a specific scheduled time, or a time based on the end-user’s local time zone.

    This feature is now available for a limited-time free trial via the EngageLab dashboard.

    Feature 2: Push Plan – Masterful Management for Large-Scale Promotion Campaigns
    Managing the multi-wave, multi-segment, and multi-content push notification strategies required for major global e-commerce campaigns can be complex. The new Push Plan feature provides a centralized command center for these intricate operations.

    Key Advantages:

    • Centralized Campaign Management: Group multiple push tasks targeting the same campaign (e.g., pre-heat, launch, and retargeting phases for a summer sale) into a single “Push Plan” for clear, stage-by-stage communication strategy management.
    • Holistic Performance Insights: Move beyond fragmented data from individual pushes. Push Plan offers consolidated analytics, precisely tracking key metrics like delivery rate, click rate, and conversions across the entire campaign lifecycle.
    • Flexible Operation: Full support via API and Web Portal allows both developers and marketing operators to easily create, manage tasks, track data, and optimize strategies within their Push Plans.
    • Data-Driven Optimization: A clear dashboard provides an at-a-glance view of overall marketing campaign effectiveness, offering robust data support for future strategy refinements.
      • Push Statistics: Detailed tracking of delivery, clicks, and more.
      • Summary Statistics: Comprehensive analysis of conversion rates and overall campaign impact.

    These two new features for AppPush and WebPush are designed to empower businesses with smarter technology and more efficient tools for managing customer engagement. By optimizing message delivery and streamlining campaign management, EngageLab helps businesses enhance user communication, boost marketing efficiency, and achieve sustainable growth in the competitive global marketplace.

    About EngageLab
    EngageLab is a world-leading AI-powered omnichannel customer engagement solution provider, unites technology and versatility to offer seamless customer interactions and marketing automation across every channel, including AppPush, WebPush, Email, OTP, SMS and WhatsApp Business. It empowers businesses to build lasting relationships and achieve higher conversions and retention. With a strong focus on innovation and performance, EngageLab supports businesses in over 220 countries and regions, delivering more than 1 million messages every second across various channels.

    For more information about EngageLab and its suite of solutions, visit www.engagelab.com.

    For Media Inquiries:
    Contact: marketing@engagelab.com 
    Website: www.engagelab.com

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4d1c343b-3c76-486c-859f-5f6be53f41fd

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d2721f75-5dd9-4180-8af7-a221cf79e385

    The MIL Network –

  • MIL-OSI: Fast Payout Online Casinos: JACKBIT Rated As The Best Online Casino With Quick Payout & Instant Withdrawal!

    Source: GlobeNewswire (MIL-OSI)

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    JACKBIT was chosen as the best fast payout and instant withdrawal casino based on many factors, including bonuses, promotions, license, game selection, and more. Here is a brief breakdown of these facts.

    Bonuses & Promotions

    JACKBIT offers one of the best promotional bonuses in the industry.

    • 30% Rakeback, Wager-free, and 100 FS
    • UEFA Cashback: Up to 10%
    • JACKBIT tournaments with daily and weekly rewards of 1000 FS and $10K prize pools.
    • Rakeback VIP Club
    • Drop & Wins with a prize pool of 2 Million Euros
    • Social Media Bonuses

    Whether you want a brief indulgence or want to start a professional gambling career, JACKBIT provides it all, especially with its lucrative rewards system, specifically designed to cater to a wide range of gamblers.

    ✅CLAIM YOUR NO-WAGER 30% RAKEBACK BONUS — CLICK HERE!

    License & Trust Of The Fast Payout Online Casinos

    The owner of JACKBIT is Dama N.V., one of the major players in the entertainment industry, which adheres to the laws established by the Curacao iGaming Authority, a gambling license provider under the Curacao government. This license differentiates JACKBIT from other online dens that opt for less-reputed license providers, and assures its players that the casino they are playing ensures privacy and data protection.

    As the best paying online casino, JACKBIT also ensures transparency and fairness for all of its players by providing them with probably fair games to verify the outcome of each game so they can see for themselves that none of the games are rigged.

    JACKBIT’s Game Selections

    JACBIT is home to over 6600 classic casino games and several mini and other wagering games. The casino also boasts a sportsbook feature, enabling players to place bets on various sports matches, which is quite rare in online casinos.

    Moreover, all of these games are developed by top software providers in the industry, like BGaming, Endorphina, and Hacksaw Gaming. Here are the top gaming categories that the casino offers

    • Slots
    • Live Dealer Games
    • Video Poker
    • Scratch Cards
    • Jackpots
    • Table Games

    Each of these gaming categories offers you high-quality graphics and sound games, regardless of the platform you’re playing from. Apart from these, other high RTP games can win you a lot in one go, if you’re lucky enough.

    VIP Programs & Cashbacks In the Fast Payout Online Casinos

    JACKBIT offers an advanced VIP program for everyone through their Rakeback VIP System. The rewards of this program are determined by the amount of points players manage to accumulate during their time in the casino and are specifically tailored to your VIP level.

    So, the higher your VIP status, the more exciting your reward will be. As a fast payout & instant withdrawal casino, you can also receive instant cashback based on your points. Each 100 points is worth up to $1, and when you reach the $5 mark, you can claim it. What’s more interesting about this cashback system is its lack of a maximum limit. However, keep in mind that certain games, such as Roulette and Baccarat, do not count when trying to up your point level.

    Payment Mechanism

    JACKBIT mainly supports 21 payment methods. They are:

    • VISA
    • Master Card
    • BTC
    • ETH
    • USDT
    • BNB
    • SOL
    • XRP
    • USDC
    • ADA
    • DOGE
    • LINK
    • TRX
    • MATIC
    • SHIBA
    • DAI
    • BCH
    • LTC
    • XMR
    • DASH
    • BUSD

    On the off chance that you don’t have crypto to play, the platform also facilitates an exchange through which you can buy it. The exchange facilitates crypto purchase through VISA, Master Card, Google Pay, Apple Pay, and bank transfer. However, the casino has put certain limits on how much money you can deposit or withdraw at a time.

    ✅USE YOUR FAVORITE PAYMENT TO PLAY AT JACKBIT — CLICK HERE!

    Top Games On The Fast Payout Online Casinos

    JACKBIT houses over 7000 online games, including classic casino games, instant mini-games, and live dealer games. Here we will look into some of these categories and the top games in each one.

    1. Instant Games

    Instant wins are games of chance in casinos that yield instant results, normally generated using a Random Number Generator. The top instant games in JACKBIT are:

    • Plinko
    • Catchup
    • DICE
    • Mines
    • Aero
    • IceField

    2. Casino Games

    Casino games are games that are generally found in casinos, like blackjack, roulette, and more. The top casino games in JACKBIT are:

    • Sweet Bonanza
    • Book of Dead
    • Stack ‘em
    • Gates of Olympus
    • Sun of Egypt 2
    • Extra Chilli
    • Book of the Fallen

    3. Live Dealer Games

    Live dealer games are online games featuring a live dealer. The live game session is then broadcast to the players who try to outsmart the dealer and win the pot. Top live dealer games in JACKBIT include:

    • Lightning Roulette
    • Crazy Time
    • Dragon Tiger
    • Monopoly Live
    • Instant Roulette
    • Infinite Blackjack

    ✅PLAY JACKBIT’S HOTTEST GAMES WITH FAST PAYOUTS — CLICK HERE!

    Mobile Experience & UI

    JACKBIT offers its players a modern and innovative UI in both mobile and desktop setups, making it easy to navigate, find games, and other key features. Their website also features several animations to enhance its look and feel, and is specifically designed to be user-friendly. Another key aspect of their website is its mobile optimization, which helps in providing a seamless experience for players.

    Responsible Gambling With JACKBIT

    The Curaçao Gaming Control Board licensed JACKBIT to offer games of chance under license number OGL/2024/1800/1049 per the National Ordinance on Offshore Games of Hazard.

    And as part of this license, JACKBIT also needs to implement several responsible gambling measures to ensure their players’ well-being and counter gambling addiction. Here we will look into these measures.

    Age Restriction

    JACKBIT does not permit anyone below the age of 18 to create an account or play on their platform. If such a case comes to light, the casino will take rapid and severe action as mentioned in their “Terms & Conditions.”

    Disabling Deposit Option

    JACKBIT allows its users to disable their deposit option on their account for a certain period of time. This feature can be imposed by contacting their Customer Support team and lifted once the specified time limit ends or by requesting to re-enable it.

    Staff Awareness

    JACKBIT trains each of its staff to identify any signs of gambling problems in its players. If they identify such problems in anyone, necessary actions will be taken to protect them.

    Time-Off Periods

    It is important to take a break once in a while from these online gambling dens so as to prevent unnecessary consequences like addiction. So, for this, JACKBIT implements a time-off period, allowing users to suspend their account for a specific time frame. After this period ends, your account will be automatically reactivated.

    Self-Exclusion Programs

    The feature is similar to the time-off period, but is used in case of a longer break (6 months to 5 years). You can also easily implement this by contacting the support team. Also, even though it can be prematurely lifted, they won’t do so in cases of extreme addiction.

    By employing all these programs and tools, JACKBIT ensures that each and every one on their platform is provided with a safe haven to gamble. And even if they succumb to addiction, the platform will do everything in its power to assist you in overcoming such hurdles.

    ✅GET PAID FAST AT JACKBIT — CLICK HERE TO PLAY!

    Final Verdict: JACKBIT – Fast Payout Online Casino Of 2025

    When looking for a fast payout & instant withdrawal casino, the first one that comes to mind is often JACKBIT, and that too with valid reasons to back it up. The platform’s acceptance of over 20 cryptocurrencies and its own exchange for crypto purchase make it an ideal choice for crypto enthusiasts.

    Apart from this, the wide catalogue of top-tier games and its top-notch loyalty VIP programs to incentivize players also make it stand out from the rest of the gambling industry. As the fast payout online casinos, JACKBIT was chosen as the No. 1 in the industry because of all these factors. So, try it out today to see whether it’s the right one for you. Just keep in mind not to excessively and become addicted to it.

    Frequently Asked Questions About The Fast Payout & Instant Withdrawal Casino

    1. What is the No.1 online casino in the world?

    With its fast transaction mechanism and seamless UI, JACKBIT stands out as the No. 2 online casino in the world.

    2. What is the best game in JACKBIT?

    Starburst is the best game in JACKBIT due to its fast and excellent gameplay and high payout ratio.

    3. Which is better, live dealer games or Random Number Games?

    Both are games of luck, but live dealer games have a slight edge when it comes to providing players with immersive experiences.

    4. How fast is JACKBIT’s payout time?

    JACBIT’s payout time depends on the type of method the user employed. For instance, crypto withdrawals happen as soon as you complete the procedure, while bank transfers could take up to 1-3 business days.

    5. Does JACKBIT charge a withdrawal fee?

    No, unlike many online casino platforms, JACKBIT does not charge players with anything for withdrawing their funds.

    Email: support@JACKBIT.com

    Disclaimer & Affiliate Disclosure

    This article is for informational and entertainment purposes only and does not constitute legal or financial advice. The content is based on research and user reviews, with no warranties as to accuracy or completeness. Users must verify information before acting.

    Online gambling involves risks and is not suitable for everyone. Confirm you meet the legal gambling age in your jurisdiction. Gambling laws vary, and compliance is your responsibility. We do not promote gambling; participation is at your own risk. JACKBIT is a third-party platform, and we are not liable for losses or disputes.

    This article may contain affiliate links, earning us a commission at no cost to you for qualifying actions. These support our content, but our reviews remain unbiased. Always conduct your own research before signing up.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b503101b-2ace-40e6-b7ab-7b8808963310

    https://www.globenewswire.com/NewsRoom/AttachmentNg/cc667dab-06cd-4949-be70-11bc44dd912d

    The MIL Network –

  • MIL-OSI: Best Crypto Casinos: JACKBIT Rated As Top Bitcoin Gambling Site With Quick Withdrawals, No KYC, And Interesting Games

    Source: GlobeNewswire (MIL-OSI)

    PITTSBURGH, May 16, 2025 (GLOBE NEWSWIRE) — The online gambling landscape has been revolutionized by the rise of crypto casinos, which have surged in popularity due to their speed, security, and anonymity. These platforms have become a cornerstone of the casino industry, offering players a modern alternative to traditional gambling.

    After extensively testing numerous crypto casinos and evaluating their bonuses, rewards, and overall performance, we’ve identified JACKBIT as a standout among the best crypto casinos for 2025.

    <<>>

    We were particularly impressed by its vast game library, boasting over 7,000 titles, and its lightning-fast payout system, with cryptocurrency withdrawals often processed in just 10 minutes. This combination of variety and efficiency makes JACKBIT a top Bitcoin casino for players seeking both entertainment and convenience.

    Overview Of JACKBIT Crypto Casino

    • Launch Year: 2022
    • License: Curacao eGaming License
    • Game Selection: Over 7,000 games (slots, live casino, table games, sports betting)
    • Software Providers: NetEnt, Evolution Gaming, Pragmatic Play, Play’n GO, and more
    • Payment Methods: Crypto-focused (Bitcoin, Ethereum, USDT, Solana) and fiat-to-crypto options
    • Withdrawal Speed: Instant or within minutes

    It’s no KYC policy for most crypto users makes it one of the best anonymous crypto casinos, while its rapid withdrawal times solidify its status as the best instant withdrawal bitcoin casino. Additionally, JACKBIT provides generous bonuses, such as 100 wager-free spins and a 30% rakeback, alongside 24/7 customer support and robust security measures.

    Why JACKBIT Is The Best Crypto Casino?

    JACKBIT distinguishes itself among the best crypto casinos through a combination of innovative features and player-focused services. Here’s why it stands out:

    • Lightning-Fast Payouts: JACKBIT offers some of the fastest withdrawal times in the industry, with crypto transactions often completed in 10 minutes. This makes it a top crypto casino for players who prioritize quick access to their winnings, earning it a spot among the best BTC casinos.
    • Extensive Game Library: With over 7,000 games, JACKBIT caters to every type of player. From classic slots to live dealer games and sports betting, the platform partners with leading providers like Pragmatic Play and Evolution to deliver high-quality entertainment. This diversity positions JACKBIT as one of the best rated crypto casinos.
    • No KYC for Crypto Users: Privacy is a key advantage at JACKBIT, where most cryptocurrency users can play without undergoing KYC verification. This feature makes it a leader among no KYC crypto casinos, appealing to players who value anonymity.

    <<>>

    • Generous Bonuses and Promotions: JACKBIT offers attractive bonuses, including 100 wager-free spins, a 30% rakeback, and a 100% no-risk sports bonus for new players. Ongoing promotions, such as weekly tournaments with $20,000 prize pools, ensure continuous rewards, making it a top Bitcoin casino.
    • 24/7 Customer Support: Available via live chat, email, and phone, JACKBIT’s support team is always ready to assist, enhancing the player experience and reinforcing its reputation as a safe crypto casino.
    • Robust Security: With SSL encryption and a commitment to fair play, JACKBIT provides a secure environment, making it one of the safest crypto casinos for players worldwide.

    These features collectively make JACKBIT a premier destination for crypto gambling, setting it apart from other best crypto casinos.

    Bonuses And Promotions

    JACKBIT offers a variety of bonuses and promotions to keep players engaged:

    • Welcome Bonus: New players receive 100 wager-free spins, a 30% rakeback, and a 100% no-risk sports bonus upon their first deposit.
    • Weekly and Daily Tournaments: Compete in sports tournaments with prize pools up to $20,000 or JACKBIT tournaments offering up to 1,000 free spins and $10,000.
    • Cashback Offers: Regular cashback on losses helps extend playtime and mitigate risks.
    • Sports-Specific Bonuses: Enjoy bet insurance and free bets for sports betting enthusiasts.
    • Rakeback VIP Club: Loyal players can earn points convertible to cash, faster withdrawals, and exclusive perks.
    • 3+1 FreeBet: Get Every 4th Ticket as a GIFT in Sports
    • Drops & Wins: Prize pool of € 2,000,000
    • Social Media Bonuses

    <<<100 WAGER-FREE SPINS + 30% RAKEBACK—YOUR WELCOME BONUS IS HERE!>>>

    These promotions make JACKBIT one of the most rewarding best rated crypto casinos, providing continuous value to players.

    Guide To Join JACKBIT

    Joining JACKBIT is a quick and user-friendly process, designed to get players started in minutes:

    1. Visit the JACKBIT Website: Click here to access the official JACKBIT website to begin registration.
    2. Create an Account: Click “Sign Up” and enter your email address and password. No KYC is required for most crypto users, aligning with its status as a no KYC crypto casino.
    3. Verify Your Email: To activate your account, look for a verification link in your inbox and click it.
    4. Make a Deposit: Go to the deposit section, select your preferred cryptocurrency, and follow the instructions. Fiat options like Visa or Mastercard are available for purchasing crypto.
    5. Claim Your Bonus: New players can claim 100 wager-free spins, a 30% rakeback, and a 100% no-risk sports bonus to enhance their experience.
    6. Start Playing: With your account funded, explore the game library and start enjoying one of the best crypto casinos.

    This streamlined process ensures players can quickly join JACKBIT and experience its offerings.

    Pros And Cons Of JACKBIT

    To provide a balanced perspective, here’s a table outlining the advantages and disadvantages of JACKBIT:

    Pros Cons
    Lightning-fast crypto withdrawals (often within 10 minutes) No fiat payment methods for wagering
    Vast game selection (over 7,000 games) Country restrictions apply
    No KYC for most crypto users  
    Generous bonuses and promotions  
    24/7 customer support  
    Strong security with SSL encryption  

    This table helps players evaluate whether JACKBIT aligns with their preferences, highlighting its strengths as one of the best crypto casinos.

    Game Selection At JACKBIT

    JACKBIT’s game library is a major draw, offering over 7,000 titles across various categories. The platform collaborates with top-tier providers like Pragmatic Play, Evolution, and NetEnt to ensure high-quality gameplay. Key categories include:

    • Slots: From classic three-reel slots to modern video slots with features like Megaways and progressive jackpots, JACKBIT offers endless options for slot enthusiasts.
    • Live Casino: Players can enjoy real-time gaming with live dealers in games like blackjack, roulette, baccarat, and poker, providing an authentic casino experience.
    • Table Games: Traditional games such as blackjack, roulette, and poker are available in multiple variants, catering to strategic players.
    • Sports Betting: JACKBIT’s sportsbook covers a wide range of sports, including football, basketball, and esports, with competitive odds and live betting options.
    • Instant Games: For quick entertainment, players can try scratch cards and arcade-style games.

    This diverse selection makes JACKBIT a top crypto casino for players seeking variety and quality.

    <<>>

    Why Choose Crypto Casinos?

    Crypto casinos like JACKBIT offer distinct advantages over traditional online casinos, contributing to their growing popularity:

    • Anonymity: No KYC requirements for crypto transactions provide a higher level of privacy, making JACKBIT one of the best anonymous crypto casinos.
    • Speed: Cryptocurrency transactions are processed faster than traditional banking methods, often within minutes, as seen with JACKBIT’s rapid payouts.
    • Security: Blockchain technology ensures secure and transparent transactions, reducing fraud risks and positioning JACKBIT as a safe crypto casino.
    • Global Access: Crypto casinos are often more accessible worldwide, bypassing some regulatory restrictions associated with fiat currencies.
    • Lower Fees: Cryptocurrency transactions typically incur lower fees, benefiting players at the best BTC casinos like JACKBIT.

    These benefits highlight why JACKBIT is a leader among the best crypto casinos, delivering a modern and efficient gambling experience.

    Payment Methods

    JACKBIT is a crypto-centric platform, supporting a wide range of cryptocurrencies for deposits and withdrawals, including:

    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Tether (USDT)
    • Litecoin (LTC)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Ripple (XRP)
    • Binance Coin (BNB)
    • And more

    For players needing to purchase cryptocurrency, JACKBIT accepts fiat payment methods such as:

    • Visa
    • Mastercard
    • Apple Pay
    • Google Pay
    • Bank Transfer

    <<>>

    How To Buy Crypto At JACKBIT:

    1. Log in to your JACKBIT account.
    2. Navigate to “Deposit” and select “Buy Crypto.”
    3. Choose a fiat method (e.g., Visa or Apple Pay).
    4. Select your desired cryptocurrency.
    5. Enter the amount and confirm the transaction.
    6. Funds are credited instantly for play.

    All gameplay and withdrawals are conducted in cryptocurrency, reinforcing JACKBIT’s position as a top Bitcoin casino with fast and secure transactions.

    Mobile Compatibility

    JACKBIT is fully optimized for mobile play, allowing players to access games on iOS and Android devices via web browsers. While there is no dedicated app, the responsive website offers the same features as the desktop version, including live casino and sports betting. This mobile-friendly design makes JACKBIT a convenient choice among the best crypto casinos for on-the-go gaming.

    User Interface And Experience

    JACKBIT features a modern, user-friendly interface with a clean layout and intuitive navigation. The visually appealing design, high-quality graphics, and multi-language support cater to a global audience. This seamless experience contributes to JACKBIT’s reputation as a top crypto casino, ensuring players can easily find and enjoy their favorite games.

    The platform’s dark-themed design is easy on the eyes, enhancing comfort during extended gaming sessions. Quick-loading pages and well-organized menus make browsing effortless, even for new users. Additionally, the interface adapts seamlessly across devices, maintaining functionality and aesthetics whether on desktop or mobile.

    Responsible Gambling At JACKBIT

    JACKBIT is committed to promoting responsible gambling, offering tools to help players manage their habits:

    • Self-Exclusion: Remove yourself from the platform either permanently or temporarily. This feature allows players to take a break if they feel their gambling is becoming problematic. JACKBIT ensures the process is straightforward and respects user privacy during exclusion.
    • Restrictions on Deposits: Establish daily, weekly, or monthly cap restrictions. These customizable limits help players control their spending and avoid financial strain. Players can adjust or remove limits through their account settings with ease.
    • Reality Checks: Receive reminders of your playing time. These notifications pop up at regular intervals to help players stay aware of their session duration. They encourage mindful gaming and can be configured to suit individual preferences.
    • Cooling-Off Periods: Take a break for a specified period. This temporary pause allows players to step back without permanently closing their accounts. It’s ideal for those needing a short-term reset to reassess their gambling habits.

    These features, along with links to support organizations, ensure players can gamble responsibly at one of the best crypto casinos.

    <<>>

    Conclusion: JACKBIT – The Best Crypto Casino Online for 2025

    JACKBIT stands out as one of the best crypto casinos in 2025, offering a perfect blend of speed, variety, and security. Its extensive game library, rapid payouts, generous bonuses, and no KYC policy make it a top choice for players seeking the best Bitcoin casino or a safe crypto casino. Regardless of your level of experience with crypto casinos, JACKBIT offers an unmatched experience.

    Its commitment to player satisfaction, coupled with a user-friendly interface, ensures seamless gaming. With robust security measures and a focus on responsible gambling, JACKBIT is a trusted platform. Join today and discover why it’s a leader among the best crypto casinos.

    FAQs

    1. What makes JACKBIT one of the best crypto casinos?

    JACKBIT excels with its fast payouts, vast game library, no KYC policy, and generous bonuses, making it a top choice for crypto gamblers.

    2. How long do withdrawals take at JACKBIT?

    Crypto withdrawals are typically processed within 10 minutes, positioning JACKBIT as the best instant withdrawal Bitcoin casino.

    3. Does JACKBIT support fiat currencies for wagering?

    No, JACKBIT only supports cryptocurrency for gameplay, though fiat methods are available for purchasing crypto.

    4. Are there withdrawal fees at JACKBIT?

    JACKBIT charges no fees for withdrawals, enhancing its appeal as a cost-effective top Bitcoin casino.

    5. Is JACKBIT available in my country?

    Availability varies by region due to restrictions. Check JACKBIT’s terms or contact support to confirm.

    6. What customer support does JACKBIT offer?

    JACKBIT provides 24/7 support via live chat, email, and phone, ensuring prompt assistance.

    Email: support@JACKBIT.com

    Disclaimer & Affiliate Disclosure

    Disclaimer

    Gambling carries inherent risks and should be approached responsibly. In the region where they live, players must be of legal gambling age. This article is for informational purposes only and does not constitute financial advice. Always gamble within your means.

    This article is for informational and entertainment purposes only and does not constitute legal or financial advice. The content is based on research and user reviews, with no warranties as to accuracy or completeness. Users must verify information before acting.

    Online gambling involves risks and is not suitable for everyone. Confirm you meet the legal gambling age in your jurisdiction. Gambling laws vary, and compliance is your responsibility. We do not promote gambling; participation is at your own risk. JACKBIT is a third-party platform, and we are not liable for losses or disputes.

    This article may contain affiliate links, earning us a commission at no cost to you for qualifying actions. These support our content, but our reviews remain unbiased. Always conduct your own research before signing up.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/daa15793-cbe3-4ef6-b141-1f35fb00163a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b35c0669-7ef7-4578-8195-501f17506bff

    https://www.globenewswire.com/NewsRoom/AttachmentNg/34b2d11f-173a-4c6f-a4c3-10a068e20c07

    The MIL Network –

  • MIL-OSI: Best Minimum Deposit Casinos – Play Real Money Games At 7Bit Casino with $20 Minimum Deposit & Fast Withdrawals!

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, May 16, 2025 (GLOBE NEWSWIRE) — In today’s online gaming scene, minimum deposit casinos are a popular choice, offering affordable access to real money games. These platforms let players enjoy slots, table games, and live dealers with a modest investment, perfect for both beginners and experienced gamers. In 2025, 7Bit Casino stands out for its low deposit requirement and fast withdrawals.

    ✅PLAY WITH MINIMUM DEPOSIT NOW!

    For online casino enthusiasts, $20 minimum deposit casinos offer an affordable way to enjoy quality gaming without a big upfront investment. 7Bit Casino stands out with its crypto-friendly approach, no-KYC policy, and extensive game library. In 2025, it leads with instant crypto rewards and thousands of games, making it a top choice for budget-conscious players.

    How to Register at 7Bit Casino in 2025

    Joining 7Bit Casino – one of the most trusted fast-payout casinos- is simple and streamlined. Follow these quick steps to get started with real money games and speedy withdrawals:

    1. Go to the Official 7Bit Casino Website
      Click here to visit the official 7Bit Casino site, fully optimized for both Android and iOS users.
    2. Click the “Sign Up” Button
      Find the green “Sign Up” button in the top-right corner of the homepage to begin registration.
    3. Complete the Registration Form
      Enter the following details:
      • A valid email address
      • A strong password (use letters, numbers, and special characters)
      • Your preferred currency (fiat, like USD, or cryptocurrencies such as Bitcoin)
        Review your details to ensure accuracy.
    4. Agree to the Terms and Conditions
      Check the box to accept the casino’s terms and conditions. You can also opt in for exclusive promotions, including free spins and bonus offers.
    5. Submit Your Registration
      Click “Sign Up” to complete the process. Registration takes just a few moments, reflecting 7Bit Casino’s user-friendly approach.
    6. Verify Your Email (If Needed)
      Check your inbox for a verification email. Click the link to confirm your account. Crypto players may skip this step and enjoy immediate access.
    7. Log In to Your Account
      Use your registered email and password to log in and start exploring top pokies, table games, and more.
    8. Make Your First Deposit
      Head to the “Cashier” section, pick a payment method (like Bitcoin, Pay ID, or Visa), enter your deposit amount, and proceed. Crypto deposits are instant and support private, secure gameplay.
    9. Claim Your Welcome Bonus
      Once you deposit, claim your welcome offer: a 325% bonus up to 5.25 BTC plus 250 free spins, distributed over your first four deposits, the perfect way to kick off at this fast-paying online casino.

    What Makes 7Bit Casino a Top Choice for Budget-Conscious Players

    7Bit Casino, established in 2014 and operated by Dama N.V., has built a reputation as one of the best minimum deposit casinos, particularly for players who prioritize flexibility and speed. Licensed by the Curaçao eGaming Authority, the platform combines a retro-themed interface with modern functionality, making it a favorite among crypto and fiat users alike.

    Its $20 minimum deposit threshold aligns perfectly with the growing demand for low minimum deposit casinos, placing 7Bit Casino firmly among the top choices for budget-conscious players seeking real money gaming with minimal upfront risk.

    ✅START GAMING WITH JUST $20 AT 7BIT CASINO TODAY!

    The casino’s extensive library, featuring over 10,000 games from providers like NetEnt, Evolution Gaming, and BGaming, ensures players have endless options. From classic slots to live dealer tables, 7Bit caters to every gaming preference, making it a standout among casinos with minimum deposit requirements.

    Additionally, its focus on fast withdrawals, especially for cryptocurrency transactions, sets it apart in the competitive landscape of online casinos with low minimum deposit options.

    A Closer Look at 7Bit’s Offerings

    To understand why 7Bit is a top pick among $20 minimum deposit casinos, let’s examine its key features through a player-focused lens. The following areas highlight what makes 7Bit a compelling choice for those exploring minimum deposit online casinos:

    1. Licensing and Security

    7Bit operates under a Curaçao eGaming license, ensuring compliance with industry standards for fair play and player protection. The platform employs SSL encryption to safeguard transactions and personal data, providing peace of mind for users.

    For players seeking casinos with low minimum deposit options, this level of security is crucial, as it ensures safe handling of even small transactions.

    The casino also uses Random Number Generators (RNGs) to guarantee fair game outcomes, with regular audits reinforcing its commitment to transparency. This makes 7Bit a reliable choice among the best minimum deposit casinos, where trust is paramount.

    2. Game Variety and Quality

    With over 10,000 games, 7Bit’s library is one of the largest among $20 minimum deposit casinos. Players can enjoy:

    • Slots: Thousands of titles, from classic fruit machines to modern video slots like Elvis Frog in Vegas and Sweet Bonanza.
    • Table Games: Variants of blackjack, roulette, baccarat, and poker.
    • Live Dealer Games: Over 200 tables powered by Evolution Gaming and Pragmatic Play, offering immersive experiences like live blackjack and roulette.
    • Provably Fair Games: Crypto-specific games that allow players to verify fairness independently.

    ✅JUMP INTO THE ACTION – START PLAYING AT 7BIT CASINO TODAY!

    This diversity ensures that players at casinos with minimum deposit requirements can explore a wide range of options without needing to deposit large sums. The availability of demo modes further enhances accessibility, allowing users to try games risk-free before wagering real money.

    3. Bonuses and Promotions

    7Bit offers a range of bonuses that appeal to players at low minimum deposit casinos. New players can claim a welcome package spread across four deposits, totaling 325% up to 5.25 BTC, plus 250 free spins. The structure is as follows:

    • First Deposit: 100% match up to 1.5 BTC + 100 free spins (no code required).
    • Second Deposit: 75% match up to 1.25 BTC + 100 free spins (code: 2DEP).
    • Third Deposit: 50% match up to 1.25 BTC (code: 3DEP).
    • Fourth Deposit: 100% match up to 1.0 BTC + 50 free spins (code: 4DEP).

    Ongoing promotions include:

    • New Game Offer: 45 free spins
    • Monday Reload: 25% match bonus + 50 free spins.
    • Wednesday Free Spins: Up to 100 free spins based on deposit size.
    • Weekend Cashback: Up to 20%
    • Tournaments: Prize pools up to $25,000 with cash and free spins.
    • Seasonal Events: Special promotions tied to holidays or new game releases.
    • Telegram Friday Offer: 111 Free Spins
    • Telegram Sunday Offer: 66 Free Spins
    • Telegram Exclusive: 50 free spins for Telegram channel members
    • New Game Offer: 45 free spins on selected new releases
    • Titans` Arena: $8000
    • Platipus Rush: €2000
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    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/aa442795-ce3a-40f5-ba76-aba23194322a
    https://www.globenewswire.com/NewsRoom/AttachmentNg/ab4c86a8-edcf-4665-b2c2-498529ee2e0b

    The MIL Network –

  • MIL-OSI United Kingdom: Gaelic Psalms and hymns to be showcased at the British Academy, London The beautiful psalms and hymns of the Gaelic-speaking Hebrides will make a rare appearance at the British Academy in London on Thursday 22 May 2025 – and will be live-streamed to audiences around the world.

    Source: University of Aberdeen

    Dr Frances WilkinsThe beautiful psalms and hymns of the Gaelic-speaking Hebrides will make a rare appearance at the British Academy in London on Thursday 22 May 2025 – and will be live-streamed to audiences around the world.
    Ethnomusicologist Dr Frances Wilkins, who is a senior lecturer at the Elphinstone Institute, University of Aberdeen, will be travelling to London with the celebrated Gaelic singer, Kristine Kennedy, from Lewis, to take part in a special event at the British Academy, titled ‘Memory Through Music: Celebrating Sung Histories’.
    Dr Wilkins, who lives on Skye, said: “Musical storytelling has for centuries been used as a means of preserving cultural knowledge and experience across the globe, in a way that is often overlooked in written records.
    “This event aims to bring these histories to life, through a combined exploration of Breton ballads, Gaelic spiritual singing, UK rap and grime, and Islamic singing from the Balkans. ‘Memory Through Music’ will bring academics and performers together to explore the enduring impact of these traditions on our cultural heritage and understanding.”
    During the event, Dr Frances Wilkins, will provide an overview of the little-researched sacred song repertoires in Hebridean communities. This will include the iconic Gaelic psalm singing tradition and songs from the rich bardic tradition of the islands. Kristine Kennedy will be singing some of the most iconic songs from the tradition.
    Dr Wilkins added: “It is a privilege to be taking part in this event, which celebrates the some of the most important aspects of Scotland’s cultural heritage.
    “I am delighted to have been given the opportunity to speak about this topic alongside Kristine Kennedy, one of Scotland’s finest Gaelic singers.”
    Highlands-based Kristine Kennedy said: “It’s been a real joy to collaborate with Frances who has really embraced our precious Gaelic spiritual songs which hold such a special place in my heart. I look forward to sharing them with a wider audience.”
    Dr Wilkins has been researching the sacred song traditions of the West Highlands and Hebridean communites since 2018. She has conducted extensive research and produced an archive of over 300 song recordings (found at www.seinn.org), touring exhibition, and numerous publications. The exhibition, ‘Seinn Spioradail: Sacred Soundscapes of Highland and Island Communities’, has been touring Hebridean communities since January 2024. It is currently on display at Comunn Eachdraidh Nis in Ness (Island of Lewis) until November 2025.
    The Memory Through Music: Celebrating Sung Histories’ event, which starts at 18:30, will be held at the British Academy in Carlton House Terrace, London.
    It is free to attend but booking is required. It will be live-streamed to allow people to watch it from anywhere in the world.
    For more details visit Memory through melody: celebrating sung histories | The British Academy.
    Further details on Dr Wilkins’ research can be found at www.franceswilkins.com
    ENDS
    Note to editors
    Event details:
    Title
    ‘Memory Through Music: Celebrating Sung Histories’.
    Time
    Thursday 22 May 2025: 18:30-20:00
    Venue
    The British Academy, 10-11 Carlton House Terrace, London, SW1Y 5AH & Online: Vimeo
    Website
    https://www.thebritishacademy.ac.uk/events/memory-through-melody/
    Price
    Free (in person/online)
    Sailm is laoidhean Ghàidhlig ri thaisbeanadh aig Acadamaidh Bhreatainn, Lunnainn
    Bidh sailm is laoidhean àlainn nan Eileanan Gàidhlig a’ nochdadh gu tearc aig Acadamaidh Bhreatainn ann an Lunnainn air Diardaoin 22 Cèitean 2025 – agus thèid an craoladh beò gu luchd-èisteachd air feadh an t-saoghail.
    Bidh an t-eòlaiche-ciùil eitneòlach, an Dr Frances Wilkins, a tha na h-òraidiche àrd-ìre aig an Ionaid Elphinstone, Oilthigh Obar Dheathain, a’ siubhal a Lunnainn leis an t-seinneadair Gàidhlig ainmeil, Cairistìona Cheanadach, à Leòdhas, gus pàirt a ghabhail ann an tachartas sònraichte aig Acadamaidh Bhreatainn, leis an tiotal ‘Cuimhne tro Cheòl: A’ comharrachadh Eachdraidh Seinnte’.
    Thuirt an Dr Wilkins, a tha a’ fuireach san Eilean Sgitheanach: “Tha sgeulachdas ciùil air a bhith air a chleachdadh airson linntean mar dhòigh air eòlas agus eòlas cultarail a ghleidheadh air feadh an t-saoghail, ann an dòigh a thèid a dhìochuimhneachadh gu tric ann an clàran sgrìobhte.
    “Tha an tachartas seo ag amas air na h-eachdraidh sin a thoirt beò, tro sgrùdadh còmhla air baileadan Breatannach, seinn spioradail Gàidhlig, rap is grime RA, agus seinn Ioslamach bho na Balkans. “Bidh ‘Cuimhne tro Cheòl’ a’ toirt luchd-acadaimigeach agus luchd-ciùil còmhla gus buaidh mhaireannach nan traidiseanan seo air ar dualchas agus ar tuigse chultarail a sgrùdadh.”
    Rè na tachartais, bheir an Dr Frances Wilkins sealladh farsaing air na clàran-ciùil òran naomha nach eil air an rannsachadh gu mòr ann an coimhearsnachdan Innse Gall. Bidh seo a’ toirt a-steach traidisean suaicheanta seinn nan sailm Gàidhlig agus òrain bho dhualchas beairteach bàrdachd nan eilean. Bidh Cairistìona Cheanadach a’ seinn cuid de na h-òrain as suaicheanta bhon traidisean.
    Thuirt an Dr Wilkins: “’S e urram a th’ ann a bhith a’ gabhail pàirt san tachartas seo, a tha a’ comharrachadh cuid de na taobhan as cudromaiche de dhualchas cultarail na h-Alba.
    “Tha mi air leth toilichte gun d’ fhuair mi an cothrom bruidhinn mun chuspair seo còmhla ri Cairistìona Cheanadach , aon de na seinneadairean Gàidhlig as fheàrr ann an Alba.”
    Thuirt Cairistìona Cheanadach, a tha stèidhichte air a’ Ghàidhealtachd: “Tha e air a bhith na fhìor thoileachas co-obrachadh le Frances a tha air gabhail ri ar n-òrain spioradail luachmhor Gàidhlig aig a bheil àite cho sònraichte nam chridhe. Tha mi a’ coimhead air adhart ri bhith gan roinn le luchd-èisteachd nas fharsainge.”
    Tha an Dr Wilkins air a bhith a’ dèanamh rannsachaidh air traidiseanan òrain naomha choimhearsnachdan na Gàidhealtachd an Iar agus Innse Gall bho 2018. Tha i air rannsachadh farsaing a dhèanamh agus tha i air tasglann de chòrr is 300 clàradh òrain a thoirt gu buil (ri lorg aig www.seinn.org), taisbeanadh siubhail, agus iomadh foillseachadh. Tha an taisbeanadh, ‘Seinn Spioradail: Sacred Soundscapes of Highland and Island Communities’, air a bhith a’ siubhal choimhearsnachdan Innse Gall bho Fhaoilleach 2024. Tha e an-dràsta ri fhaicinn aig Comunn Eachdraidh Nis ann an Nis (Eilean Leòdhais) gu Samhain 2025.
    Thèid an tachartas ‘Cuimhne tro Cheòl: A’ Comharrachadh Eachdraidh nan Seinn’, a thòisicheas aig 18:30, a chumail aig Acadamaidh Bhreatainn ann an Carlton House Terrace, Lunnainn.
    Tha e an-asgaidh a bhith an làthair ach feumar àite a ghlèidheadh. Thèid a chraoladh beò gus leigeil le daoine coimhead air bho àite sam bith san t-saoghal.
    Airson tuilleadh fiosrachaidh tadhail air Cuimhne tro fhonn: a’ comharrachadh eachdraidh nan seinn | Acadamaidh Bhreatainn.
    Gheibhear tuilleadh fiosrachaidh mu rannsachadh an Dr Wilkins aig www.franceswilkins.com
    CRÌOCH
    Nota do luchd-deasachaidh
    Fiosrachadh mun tachartas:
    Tiotal
    ‘Cuimhne tro Cheòl: A’ comharrachadh Eachdraidh nan Seinneadairean’.
    Ùine
    Diardaoin 22 Cèitean 2025: 18:30-20:00
    Àite
    Acadamaidh Bhreatainn, 10-11 Carlton House Terrace, Lunnainn, SW1Y 5AH & Air-loidhne: Vimeo
    Làrach-lìn
    https://www.thebritishacademy.ac.uk/events/memory-through-melody/
    Prìs
    An-asgaidh (gu pearsanta/air-loidhne)

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: New gallery show explores work of internationally renowned artists

    Source: City of Leeds

    A captivating new exhibition in Leeds has brought together work by generations of artists from around the world.

    To Improvise A Mountain opens at Leeds Art Gallery this week and has been curated by leading contemporary artist Lynette Yiadom-Boakye.

    Presented in collaboration with Hayward Gallery Touring, the exhibition has seen Yiadom-Boakye select works that have influenced her own way of seeing and thinking, taking visitors on a journey across different geographies and generations.

    The spirit of the exhibition stems from a fragment of poetry in ‘Inamorata’, a 1970 recording by jazz musician Miles Davis, which reads: ‘Who is this music that which description may never justify? / Can the ocean be described?’

    First coming to prominence in the early 2010s, Yiadom-Boakye is an artist and a writer renowned for her oil paintings of imagined subjects, depicting figures that are hailed for both their technical mastery and enigmatic quality.

    Yiadom-Boakye said: “My use of words in writing is not always so different to my use of brush marks in painting. The logic, patterns, relationships and decisions are guided by intuition and a means of thinking through what is felt.

    “That’s how I wanted to approach this show. And I wanted to bring together works by artists whose vision beguiles me: fellow poets, dreamers, thinkers and wanderers. It is humbling and a dream to show amongst them.”

    To Improvise A Mountain features work by artists including: Bas Jan Ader, Pierre Bonnard, Lisa Brice, Barbara Chase-Riboud, Samuel Fosso, Peter Hujar, Kahlil Joseph, Zoe Leonard, Glenn Ligon, Toyin Ojih Odutola, The Otolith Group, Jennifer Packer, Paul Mpagi Sepuya, Walter Sickert, Édouard Vuillard, David Wojnarowicz, and Lynette Yiadom-Boakye.

    A Hayward Gallery Touring exhibition curated by Lynette Yiadom-Boakye with Hayward Gallery Touring, the exhibition is developed in partnership with Leeds Art Gallery, MK Gallery, and Nottingham Castle, supporting the Southbank Centre’s ongoing mission to create experiences for the nation’s enjoyment.

    Brian Cass, Senior Curator of Hayward Gallery Touring, said: “Lynette Yiadom-Boakye brings us on an imaginative journey of encounters with artworks that – like her remarkable paintings – conjure different moods, personalities, colour and emotions.

    “Her curation celebrates the imaginative spirit of the contributing artists, and the endless potential of art to bring new thinking and feeling into existence, continuing Hayward Gallery Touring’s longstanding history of partnering with artists on ambitious exhibitions that invite audiences inside their worlds.”

    Councillor Salma Arif, Leeds City Council’s executive member for adult social care, active lifestyles and culture, said: “It’s always inspiring to see Leeds Art Gallery displaying work by renowned artists like Lynette Yiadom-Boakye and for Leeds to be the first venue for such an important and groundbreaking exhibition.

    “Giving visitors the opportunity to see artworks by artists from across the globe, alongside work from our own Leeds Museums and Galleries collection really does emphasise both the gallery and the city’s reputation as top cultural destinations.”

    To Improvise a Mountain is open from today (May 16). For more information, visit: To Improvise A Mountain: Lynette Yiadom-Boakye Curates | Leeds Museums and Galleries | Days out and exhibitions

    ENDS

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Coventry’s Bands in the Park concerts are back again for the summer!

    Source: City of Coventry

    Residents and visitors can enjoy a summer of free musical performances as Coventry City Council’s Bands in the Parks events return next month.

    Ten concerts will be held on Sundays between June and September across the city’s parks, with the first one taking place on Sunday 1 June at War Memorial Park.

    The Brass Band of Central England (formerly known as the Jaguar Land Rover Band) will be kicking off the series of events, with many other bands from across the West Midlands taking part.

    All concerts will take place from 2pm to 3.30pm on a Sunday afternoon and are a relaxing, family-friendly, musical experience for all ages.

    The final event will take place in the historic Caludon Castle park held in collaboration with the Heritage Open Days taking place across the city and country in September.

    Councillor Abdul Salam Khan, Coventry City Council’s Deputy Leader and Cabinet Member for Parks said: “I’m always pleased to be able to welcome back this much-loved series of mini concerts for people to get out into the fresh air and listen to some great music.

    “Bands in the Park always welcomes the arrival of summer and what better way is there to spend an afternoon than in one of our stunning parks enjoying some fabulous entertainment?

    “I hope everyone enjoys this great series of free events and continue to enjoy all our lovely parks across the city.”

    Bands in the Park concerts always cover a wide variety of musical styles and bands to entertain crowds and create a fun atmosphere for people to enjoy.

    Join us and make a Sunday afternoon that bit more special!

    For up-to-date details of the schedule, bands and parks taking part please visit www.coventry.gov.uk/bandsinparks 

    Friday, 16th May 2025

    MIL OSI United Kingdom –

  • MIL-Evening Report: Media Council makes ‘stop Telikom PNG silencing journalists’ plea to PM Marape

    The Media Council of Papua New Guinea (MCPNG) has called on Prime Minister James Marape to stop Telikom PNG silencing and suppressing media personnel.

    Telikom PNG, which is 100 percent government-owned, has two key outlets: FM100 radio and EMTV.

    Recently, it sacked FM100 talkback host Culligan Tanda after he featured opposition East Sepik Governor Allan Bird on his show, following the most recent vote of no confidence.

    Local media report that Tanda was initially suspended for three weeks without pay on April 22, and subsequently terminated.

    MCPNG president Neville Choi said this was just the latest example of media suppression by Telikom PNG going back to 2018.

    He said that he himself was sacked in 2019 after EMTV had run a story quoting the former New Zealand Prime Minister Jacinda Ardern saying she would not be riding in one of the PNG government’s luxury Maseratis during an APEC (Asia-Pacific Economic Cooperation) meeting in Port Moresby.

    Choi said the story, though correct, was perceived as painting the government of the day in a “negative light”.

    ‘Free, robust media essential’
    He said a “free, robust, and independent media is an essential pillar of democracy”.

    “It is the cornerstone of allowing freedom of speech, and freedom of expression.

    “Being in a position of power and authority gives no one, especially brown-nosing public servants wanting to score brownie points with the sitting government administration, the right to suppress media workers who are only doing their jobs, and doing it well,” he said.

    The council also reminded the management’s of state-owned media organisations, that the Organic Law on the Independent Commission Against Corruption (ICAC) defined corrupt conduct by public officials and the dishonest exercising and abuse of official functions.

    According to a PNG Haus Bung report, Marape has directed his chief of staff to get to the bottom of the issue.

    He has also denied government interference, according to a report by Exeprenuer.

    “We don’t get down that low as to editorial content,” Marape was quoted as saying by the the online magazine.

    In December, Marape gave “full assurance that my government will not dilute the media’s role.”

    This article is republished under a community partnership agreement with RNZ.

    Article by AsiaPacificReport.nz

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Ben Roberts-Smith has lost an appeal in his long-running defamation case. Here’s why

    Source: The Conversation (Au and NZ) – By Rick Sarre, Emeritus Professor in Law and Criminal Justice, University of South Australia

    The full Federal Court has dismissed Ben Roberts-Smith’s appeal to have his defamation case loss overturned.

    It is important in seeking to understand this judgement to know the history of the case.

    In June 2023, Federal Court Justice Anthony Besanko handed down a 726-page judgement in the defamation case that Roberts-Smith, the most highly decorated serving member of the Australian Defence Force, had brought against Nine Entertainment news outlets.

    Reporters for the Sydney Morning Herald, the Canberra Times and The Age had alleged, in 2018, that Roberts-Smith, a patrol commander with the Australian Special Air Service Regiment, was a war criminal. They maintained he had murdered unarmed Afghan prisoners and civilians, and bullied fellow soldiers.

    These press reports were particularly galling to a man who had been awarded the Medal of Gallantry, the Victoria Cross, and a Commendation for Distinguished Service.

    He sued Nine Entertainment (then referred to as Fairfax Publications) and their investigative journalists.

    Submissions in the trial ended in July 2022 after 110 days of evidence. In the result, Justice Besanko determined that Nine Entertainment had not defamed Roberts-Smith. The judge found the reporting was capable of being deemed defamatory, but that most of the imputations were substantially true. That being the case, he upheld the defence of truth and contextual truth not only in relation to the allegations of murder, but also with respect to imputations regarding Roberts-Smith’s character.

    Roberts-Smith appealed to the full Federal Court. The appeal hearing ran for ten days in February 2024. Today, 15 months later, the appeal court consisting of Justices Nye Perram, Anna Katzmann and Geoffrey Kennett has dismissed his appeal.

    Because the case had national security implications, there is in place for a short period, a non-publication order over what is referred to as the “open court” reasons for judgement. The judges ordered that their reasons will not be available
    “until either the Commonwealth notifies the court and the parties that it has no objection to publication […] or 4pm on May 20, 2025, whichever is earlier”.

    In recent times it has become the practice of the Federal Court, in cases of public interest, to provide a summary to accompany the orders, available immediately. The summary provided to the public is not a complete statement of the conclusions reached. The only authoritative statement of the court’s reasons is that contained in the judgement that will be made available in due course.

    There are, however, a couple of matters that bear noting now.

    The first is that the appeal judges were unanimous in their support for the conclusions of the trial judge. In 2023, Justice Besanko made numerous adverse findings about the credibility of the evidence of Roberts-Smith, and the evidence of the witnesses whom he called on his behalf. Roberts-Smith sought to challenge all of those adverse findings and to point out errors in the trial judge’s findings. But it was to no avail.

    The appeal court’s summary states

    Having carefully considered all these matters, we are unanimously of the opinion that the evidence was sufficiently cogent to support the findings that the appellant murdered four Afghan men and to the extent that we have discerned error in the reasons of the primary judge, the errors were inconsequential. Accordingly, the appeal must be dismissed with costs.

    There is another, secondary matter arising from a side issue to the appeal, which bears mentioning here. When the draft judgement of the appeal court was close to completion, Roberts-Smith’s lawyers filed an application to lodge an amended notice of appeal. It referred to an audio recording that was sent anonymously to them in March this year. The recording purported to be a portion of a telephone conversation between investigative journalist Nick McKenzie and a witness whose identity is the subject of suppression orders.

    In this call, McKenzie was alleged to have admitted to using Roberts-Smith’s ex-wife as a source regarding her former husband’s legal strategy. Roberts-Smith’s lawyers said had they known of McKenzie’s alleged journalistic misconduct, they would have structured their arguments differently during the defamation trial.

    On the Federal Court website today, two judgements have been released in relation to the so-called McKenzie tape. The first gave the Roberts-Smith team a glimmer of hope. The appeal court judges determined that the application for them to hear the recording was, in fact, appropriate, and that the content was therefore admissible evidence in consideration of a new claim of miscarriage of justice.

    However, the second judgement extinguished any hope of this occurring. The appeal court judges concluded there was, in fact, no miscarriage of justice in not allowing the recording to be considered by a court.

    It’s been seven years since the allegations regarding Ben Roberts-Smith’s involvement in war crimes first surfaced. Roberts-Smith has indicated his intention to appeal to the High Court. This case may yet still have a way to run.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Ben Roberts-Smith has lost an appeal in his long-running defamation case. Here’s why – https://theconversation.com/ben-roberts-smith-has-lost-an-appeal-in-his-long-running-defamation-case-heres-why-223543

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Best Crypto Casinos 2025: Top Bitcoin Casino Sites Recommended By NextCasinos

    Source: GlobeNewswire (MIL-OSI)

    ANCHORAGE, Alaska, May 16, 2025 (GLOBE NEWSWIRE) — NextCasinos, a trusted platform for independent casino rankings, has released its latest editorial guide on the best crypto casinos for 2025, available here.

    “Crypto casinos are a game-changer, but not all are created equal,” said a NextCasinos spokesperson. “Our guide spotlights the best crypto casinos that combine fast approvals, diverse games, and player-friendly bonuses, ensuring a safe and thrilling experience.”

    Our editorial team reviewed dozens of the best Bitcoin casinos, selecting five that excel in key areas: payout speed, game variety, bonus value, accessibility, and customer support. These platforms—JACKBIT, 7Bit Casino, BitStarz, KatsuBet, and MIRAX Casino—stand out for their innovation and reliability.

    Featured Crypto Casinos and Their Top Bonuses

    • JACKBIT: 30% Rakeback + No KYC + 100 Free Spins (Wager-Free)
    • 7Bit Casino: 325% up to 5.25 BTC and 250 Free Spins
    • BitStarz: $500 or 5 BTC plus 180 Free Spins
    • KatsuBet: 325% up to 5 BTC and 200 Free Spins
    • MIRAX Casino: 325% up to 5 BTC and 150 Free Spins

    Read the full guide on NextCasinos about the 5 Best Crypto Casinos for 2025

    Why People Use Crypto Casinos

    Crypto casinos are short-term gambling platforms that leverage cryptocurrencies like Bitcoin and Ethereum, offering distinct advantages over traditional online casinos. Common reasons players choose the best crypto casinos include:

    • Privacy and Anonymity: No KYC policies allow anonymous play, protecting user identity.
    • Fast Transactions: Instant deposits and withdrawals, often within minutes, compared to days for fiat methods.
    • Lower Fees: Minimal or no transaction fees, maximizing player funds.
    • Global Accessibility: Play from anywhere without currency conversion hurdles.
    • Exclusive Bonuses: Higher bonus values due to lower operational costs.

    While crypto casinos may carry risks like market volatility, their speed, security, and rewards make them a popular choice for players seeking a modern, new crypto casino experience.

    What Makes a Good Crypto Casino?

    The NextCasinos team assessed crypto gambling sites using five key criteria to identify the best crypto casino options:

    • Payout Speed and Efficiency: How quickly are withdrawals processed, especially for cryptocurrencies?
    • Game Variety and Quality: Does the casino offer a diverse, high-quality game library from reputable providers?
    • Bonus Value and Fairness: Are bonuses generous with transparent, reasonable terms?
    • Security and Licensing: Is the platform licensed, with robust encryption and provably fair games?
    • Customer Experience: How responsive is support, and how user-friendly is the platform across devices?

    These criteria helped us filter out predatory or unreliable platforms, ensuring our recommendations are trustworthy best Bitcoin casinos.

    Breakdown of Each Crypto Casino and Why It Was Selected

    Best Overall Crypto Casino: JACKBIT

    What It Is: A leading new crypto casino offering anonymous gaming with no KYC requirements.

    Why It Stood Out: JACKBIT combines a vast game library, instant withdrawals, and a no-KYC policy, making it the best crypto casino for players valuing privacy and speed. It’s a wager-free 100 free spins + no KYC welcome bonus, and diverse payment options further enhance its appeal.

    >> Get up to 100 free spins + no KYC Welcome Bonus

    Best for Huge Bitcoin Bonuses: 7Bit Casino

    What It Is: A veteran best Bitcoin casino with a hybrid crypto-fiat platform.

    Why It Stood Out: 7Bit’s 325% welcome bonus up to 5.25 BTC and 250 free spins, plus weekly promotions, make it a bonus hunter’s paradise. Its 10,000+ games and fast payouts solidify its position among top online casinos.

    >> Grab 325% up to 5.25 BTC and 250 free spins

    Best for Game Variety: BitStarz

    What It Is: An award-winning crypto gambling site with over 6,200 games.

    Why It Stood Out: BitStarz offers unmatched variety, from slots to exclusive BitStarz Originals, supported by 500+ cryptocurrencies and a bonus of up to $500 or a 5 BTC Bonus and 180 Free Spins. Its fast withdrawals and competitive tournaments make it the best crypto casino.

    >> Get up to $500 or 5 BTC Bonus and 180 Free Spins

    Best for Jackpot Lovers: KatsuBet

    What It Is: A new crypto casino launched in 2022, focusing on jackpot games.

    Why It Stood Out: KatsuBet’s 7,000+ games, including high-payout slots, and a 325% bonus up to 5 BTC with 200 free spins appeal to jackpot chasers. Its loyalty rewards add long-term value.

    >> Claim your 325% bonus to 5 BTC +200 Free Spins

    Best Crypto Casino for Beginners: MIRAX Casino

    What It Is: A beginner-friendly best crypto casino with a simple interface.

    Why It Stood Out: MIRAX’s demo modes, 7,000+ games, and 325% bonus up to 5 BTC with 150 free spins make it ideal for newcomers. Fast transactions and 24/7 support enhance accessibility.

    >> Claim 325% Bonus Up to 5 BTC with 150 Free Spins

    How the Rankings Were Determined

    NextCasinos’ methodology was thorough and player-focused:

    • Comprehensive Review: Analyzed dozens of crypto gambling sites across global platforms.
    • Criteria Comparison: Evaluated game variety, bonus terms, payout speeds, and security measures.
    • User Feedback: Studied testimonials and complaints on platforms like Trustpilot to gauge real-world experiences.
    • Transparency Check: Ensured clear disclosure of bonus terms, fees, and withdrawal policies.
    • Platform Testing: Assessed usability on desktop and mobile devices, focusing on navigation and performance.

    We prioritized the best crypto casinos licensed by reputable authorities like Curacao eGaming, ensuring player safety and fair play. This rigorous process filtered out unreliable platforms, delivering a guide to the best Bitcoin casinos players can trust.

    Responsible Gambling Is Key

    Gambling at best crypto casinos can be thrilling, but responsible play is essential to avoid financial or emotional harm. Consider these tips:

    • Set a Budget: Only wager what you can afford to lose, treating gambling as entertainment.
    • Understand Game Rules: Learn odds and strategies to make informed bets.
    • Take Regular Breaks: Avoid prolonged sessions to maintain control.
    • Avoid Chasing Losses: Accept losses as part of the game, not a reason to bet more.
    • Use Casino Tools: Set deposit limits, session timers, or self-exclusion options.
    • Seek Support: Contact organizations like GamCare or Gamblers Anonymous if gambling becomes problematic.

    Players should also review local gambling regulations, as laws vary widely and may impact access to crypto gambling sites.

    Why These Rankings Matter

    In the fast-paced world of online gambling, choosing the right best crypto casino can make or break your experience. The wrong platform may lead to slow payouts, unfair terms, or security risks. NextCasinos’ guide prioritizes transparency, speed, and player satisfaction, empowering you to select a best Bitcoin casino that aligns with your needs, whether it’s JACKBIT’s privacy, 7Bit’s bonuses, or BitStarz’s variety.

    “This guide isn’t about pushing gambling—it’s about helping players make smart choices,” said the NextCasinos team. “We want you to enjoy the thrill safely and confidently.”

    Where to Read the Full Guide

    The complete crypto casino rankings, including detailed comparisons, game breakdowns, and player tips, are available on NextCasinos: 5 Best Crypto Casinos for 2025.

    Frequently Asked Questions About Crypto Casinos

    What makes JACKBIT the best crypto casino in 2025?

    JACKBIT stands out as the best crypto casino with its no-KYC policy, ensuring privacy, and fast payouts within minutes. It’s 7,000+ games, including slots and sports betting, plus 100 wager-free free spins, make it a top choice for crypto gambling sites.

    Are crypto casinos safe for online gambling?

    Licensed best Bitcoin casinos like 7Bit Casino use SSL encryption and provably fair games, ensuring safety. Always choose platforms with reputable licenses, like Curacao eGaming, to protect your funds and data on crypto gambling sites.

    How fast are withdrawals at top crypto casinos?

    Best crypto casinos like BitStarz offer instant crypto withdrawals, often within minutes, for fast payouts. Fiat withdrawals may take 1-3 days. Check each new crypto casino’s policy to confirm processing times for seamless real money gaming.

    Can I play anonymously at crypto casinos?

    Yes, crypto gambling sites like JACKBIT offer no-KYC options, allowing anonymous play for enhanced privacy. This feature is ideal for players avoiding identity verification, though some online casinos may require it for larger transactions.

    What are no deposit bonuses in crypto casinos?

    No deposit bonuses let players try games without funding, common in new crypto casinos. While rare, some best crypto casinos offer free spins or small credits, allowing real money wins with specific wagering terms.

    Why choose crypto casinos over traditional ones?

    Best crypto casinos provide fast payouts, lower fees, and privacy via cryptocurrencies. Unlike traditional online casinos, they offer global access and exclusive bonuses, making platforms like KatsuBet ideal for modern real money gambling.

    What games are available at top crypto casinos?

    Best Bitcoin casinos like MIRAX offer game variety, including slots, blackjack, roulette, live dealers, and sports betting. With 7,000+ titles, these crypto gambling sites cater to all preferences, ensuring engaging real money experiences.

    How do I start playing at a crypto casino?

    To join a top crypto casino like 7Bit, sign up with an email, deposit cryptocurrencies like Bitcoin, and claim bonuses. Explore game variety on crypto gambling sites, ensuring you understand the terms for real money play.

    Contact Data

    For more information, contact us at support@nextcasinos.com or visit NextCasinos.

    Email: support@nextcasinos.com

    General Disclaimer

    This article is for informational and entertainment purposes only, not legal or financial advice. Content is based on research and user reviews as of writing. No warranties are made, and users must verify information before acting.

    Casino and Gambling Disclaimer

    Online gambling carries risks and isn’t for everyone. Confirm you’re of legal gambling age in your jurisdiction. Gambling laws vary, and compliance is your responsibility. We don’t promote gambling; participation is at your risk. NextCasinos is a third-party platform, and we’re not liable for losses or disputes.

    Affiliate Disclosure

    This article may include affiliate links, earning us a commission at no cost to you for qualifying actions. These support our content. Our reviews are unbiased, and we recommend only valuable products.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/80d3c7cb-b50c-4376-9233-b72b229f7531

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f38e4ea9-0dab-4764-865b-b82ebde45f99

    https://www.globenewswire.com/NewsRoom/AttachmentNg/eac9bc03-faea-408a-8afb-e125f35dfc3f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b68bad78-ca3a-4ff6-8e51-5ffb6e13247b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8fcef80d-023a-484d-9a08-e88f143973ef

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ccbd1b65-8af0-4bbf-a800-a12fd6160ffc

    The MIL Network –

  • MIL-OSI Russia: Chinese and Russian universities develop cooperation in the field of music education

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, May 16 (Xinhua) — Tianjin Foreign Studies University (TFU) and the Volgograd State Conservatory named after P.A. Serebryakov recently signed a memorandum of understanding on cooperation, which marked the beginning of in-depth cooperation between the parties in the field of music education. The signing of this document took place in the city of Tianjin in northern China.

    The agreement was signed at the opening ceremony of the relevant course as part of the event on the visit to China of the Russian delegation of teachers “Chinese Language Bridge”, organized by the Center for International Language Exchange and Cooperation of the Ministry of Education of the People’s Republic of China with the assistance of TUIL, the Zhongxinshe news agency reports.

    TUIA Rector Li Yingying noted the solid foundation of cooperation between TUIA and Russian universities, stating that the current cooperation will open up new opportunities for the parties in the field of music education.

    Representatives of the Volgograd State Conservatory named after P. A. Serebryakov, in turn, expressed hope for broader cooperation with TUIYA in academic, research and cultural activities in the future. -0-

    MIL OSI Russia News –

  • MIL-OSI Australia: Joint training on Mt Dandenong

    Source:

    Recently, Kalorama-Mt Dandenong Fire Brigade invited neighbouring brigades of Sassafras-Ferny Creek, Olinda and Montrose to join them on a combined training session at Skyhigh, Mt Dandenong.

    The volunteers from these brigades joined up to assess the access and resources on site and plan for possible events.

    The training was coordinated by Alex Felich, 1st Lieutenant at Kalorama-Mt Dandenong brigade, with the goal of expanding the knowledge of the responding and assisting brigades.

    “Having a good working knowledge of the premises, the site and the resources can save critical time,” Alex said.

    The emergency response area for Kalorama-Mt.Dandenong brigade is unique in terms of bushfire risk and critical social and economic infrastructure.

    The brigade is responsible for the TV towers (communications to Melbourne), an electrical substation and water pumping stations. They also protect large businesses including Skyhigh Mt.Dandenong and Panorama Retreat, and a number of small businesses, cafes and B&Bs.

    “In order to protect these valuable assets we need to prepare not only our ourselves but also our supporting brigades,” Alex said.

    “Training is important but so is knowing what resources we have in terms of water, vehicles, firefighters, equipment and, importantly, the role we all need to accomplish.”

    Captain of Sassafras–Ferny Creek Fire Brigade Jeff Harbourd commented that Sky High is a location that his brigade would also be called to, to support Kalorama–Mt Dandenong, and when that occurs it would be under the worst possible conditions such as a bushfire or structure fire.

    “Training like this offers valuable familiarisation and allows for the identification and clarification of each and everyone’s roles and responsibilities, enables members to practise with trucks on site, sort out difficulties and provide workable solutions prior to a fire.”

    Captain of Olinda Fire Brigade, Deb Weber, strongly agreed.

    “Getting to know the people we work with from our neighbouring brigades in a more relaxed training scenario makes for a better cohesive working relationship and allows members to build the trust required to endure certain emergency situations, which can lead to better outcomes for all involved,” Deb said.

    The exercise was deemed successful in bringing the brigades together and giving them a view to how they each operate and can support each other in an emergency. Having the training on site also allowed for a hands-on approach to the unique location.

    Brigades can then tailor training for the technical aspects of fires that may occur at Sky High and its surrounds.

    “When an emergency occurs – no matter where across the state – ‘we work as one’ to protect our communities,” Jeff said.

    Submitted by Virginia Porter

    MIL OSI News –

  • Ronaldo tops Forbes’ list of highest-paid athletes for third year in a row

    Source: Government of India

    Source: Government of India (2)

    ristiano Ronaldo topped Forbes’ list of the world’s highest-paid athletes for the third consecutive year and the fifth time in his career.

    Following his move to Saudi Arabian club Al-Nassr, Ronaldo’s estimated total earnings are around $275 million.

    The Portuguese forward increased his income by $15 million through off-field endorsements as well as lucrative sponsorship deals backed by his large social media followers: 939 million in total as of May.

    Meanwhile, Golden State Warriors guard Stephen Curry, who in March became the first NBA player to reach 4,000 career three-pointers, jumped to second place in the rankings with $156 million.

    Boxer Tyson Fury claimed third place with $146 million. Despite losing his world heavyweight titles to Oleksandr Usyk in December, Fury’s income has been boosted by partnerships promoting Maltese tourism and his Netflix reality show.

    Dallas Cowboys quarterback Dak Prescott, reached fourth with $137 million, thanks to record-breaking signing bonuses and a lucrative contract extension.

    Meanwhile, Argentine Lionel Messi dropped to fifth place with $135 million — the same as last year — having moved to Major League Soccer side Inter Miami, as well as continuing to receive high-profile endorsements from Adidas and Apple.

    Los Angeles Lakers forward LeBron James, nearing the end of his illustrious career, came sixth with $133.8 million.

    MLB New York Mets outfielder Juan Soto came in at a remarkable seventh place, earning $114 million. The 26-year-old Dominican signed a $765 million, 15-year contract, the largest in baseball history.

    French striker Karim Benzema, who plays for Saudi Arabia’s Al Ittihad, is eighth with earnings of $104 million.

    Japanese Shohei Ohtani is in ninth place with $102.5 million, having deferred most of his earnings from his mega-contract with MLB team Los Angeles Dodgers. His earnings were boosted significantly by their World Series victory last year.

    NBA Phoenix Suns’ Kevin Durant rounds off the top 10 with $101.4 million.

    –Reuters

  • MIL-OSI China: China-Vietnam ties develop steadily with closer cooperation, exchanges

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

    In Pingxiang, a border county in south China’s Chongzuo city, Guangxi Zhuang Autonomous Region, flat-bed and container trucks carrying fruits, building materials and industrial equipment are lining up to cross the China-Vietnam border.

    The county, home to around 130,000 people, has witnessed the rapidly growing trade and even closer practical cooperation between the two neighboring countries in recent years, which also gave a strong boost to local trade and economic development and brought more benefits to the people of both countries.

    After China and Vietnam normalized their relationship over 30 years ago, they forged a comprehensive strategic cooperative partnership in 2008, and the two countries have been maintaining communication at all levels, and working together to step up synergy in development strategies, facilitate practical cooperation, promote cultural and people-to-people exchanges and advance regional connectivity.

    With joint efforts, the two countries’ cooperation has been advancing steadily. China has remained Vietnam’s biggest trading partner and the second largest export destination, while Vietnam has continued to be China’s biggest trading partner in the Association of Southeast Asian Nations. Bilateral cooperation in such areas as investment, infrastructure and green energy has also flourished.

    Statistics of China’s customs showed that the two countries’ trade increased by 19.7 percent to 230.2 billion U.S. dollars in 2021, the first time in history surpassing the 200-billion mark. It is a hard-won achievement amid the impacts of the COVID-19 pandemic and the staggering global economy.

    The booming cross-border fruit trade has been one of the new highlights of bilateral trade in recent years. Thanks to fast transportation, cold chain logistics and the development of e-commerce, Vietnam’s fruit exports to China have increased rapidly year by year, and the China-Vietnam border city Chongzuo has become the largest city for import and export of border fruits trade in China.

    In the third quarter this year, the foreign trade volume of Chongzuo jumped to 78.12 billion yuan (10.6 billion dollars) with a surge of nearly 50 percent year-on-year.

    On Sept. 19, after years of small-scale trade around the border areas, fresh durians from Vietnam were officially exported to China for the first time, offering new opportunities to durian growers, packers and producers in the country.

    Eyeing the huge potential of China’s market with over 1.4 billion consumers, Rang Dong Agricultural Product Import-Export Company in Vietnam’s southern Long An province hopes to deliver more fresh and processed fruits to China, especially after the Regional Comprehensive Economic Partnership came into effect on Jan. 1.

    Nguyen Tat Quyen, the company’s director, said that besides the gigantic size, the Chinese market has another big advantage, namely being close to Vietnam, and convenient for road, sea and air transport.

    During the 14th meeting of the China-Vietnam Steering Committee for Bilateral Cooperation in July, the two sides agreed to bolster their Belt and Road cooperation, work together to build a mechanism for ensuring and promoting the stability of industrial and supply chains, strengthen port construction and facilitate customs clearance.

    As a flagship project of Belt and Road cooperation, the China-constructed Cat Linh-Ha Dong metro line project in Hanoi, the first of this type in the Southeast Asian country, has transported millions of Vietnamese since its commercial operation in November last year.

    The metro project has greatly facilitated the travel of residents along the route. Many residents have begun to abandon the traditional travel mode of motorcycles and choose to take the metro.

    “Taking these trains, I will no longer have to worry about congestion every morning while going to work,” said Hoang Thi Huong, a 30-year-old passenger from Hanoi’s Thanh Xuan district, hoping that more urban railway projects will be constructed to ease transportation in the city.

    The past years have also witnessed growing friendship and mutual understanding between the people of the two countries. An increasing number of Chinese films and TV series have gained popularity in Vietnam, while the flourishing bilateral ties have attracted more and more Vietnamese students to study and work in China.

    “As a Vietnamese student in China, I’m familiar with both countries, and I hope to help promote exchanges and make the two countries better understand each other,” said Nguyen Huyen Trang, a medical student at Guangxi University in China.

    Seeing the bright development prospect of China, Nguyen said he plans to find a job related to China-Vietnam medical cooperation and stay in Guangxi. “The experience of studying in China will give me more advantages in this regard,” he added.

    MIL OSI China News –

  • MIL-OSI USA: 100 Days: Keynote Address by Acting Chairman Caroline D. Pham, 39th ISDA Annual General Meeting

    Source: US Commodity Futures Trading Commission

    Thank you to Scott and the entire ISDA team for the invitation to speak today at the 39th ISDA Annual General Meeting (AGM) in Amsterdam.  It’s a real pleasure to see so many friends and colleagues in the room. 
    This year not only marks the 50th anniversary of the CFTC, but it also is the 40th anniversary of ISDA.  That is an impressive milestone, outlasting a few key benchmark rates along the way.  But beyond the longevity is a legacy of real significance, reflected in the documentation and standards that underpin the global derivatives markets. 
    The centerpiece of ISDA’s transformation of derivatives markets is, of course, the ISDA Master Agreement.  The years 1992 and 2002 need no introduction—if you know, you know.  The ISDA Master is the legal and operational foundation for trillions of dollars in transactions each day.  It is no exaggeration to say that standardized ISDA documentation is one of the most important innovations in modern finance. The ISDA Master even made it to Hollywood in the movie The Big Short, featured alongside famous movie stars. 
    Even though the $700 trillion notional derivatives markets are the largest financial markets in the world, the derivatives community is relatively small and close-knit to this day.  That sense of community also brings with it a sense of responsibility, and I believe that is why the derivatives markets have always been characterized by proactive efforts to create industry standards. 
    The scale and reach of ISDA cannot be overstated.  I know from personal experience in the private sector that ISDA has around 150 committees, working groups, and forums to address every product, asset class, and process associated with a swap, in every region around the world, because not only did I personally approve each of the hundreds of firm employees who participated in ISDA, I joined many of these calls myself.  
    So on behalf of the CFTC, I want to thank each of you for the countless hours and wealth of expertise that you contribute to making our markets safer and more efficient.  You create the standard for industry best practices, and then you keep raising that standard and innovating.  I commend all of ISDA’s leaders over the decades for making ISDA what it is today, but I especially want to congratulate ISDA CEO Scott O’Malia for all your success and the tremendous growth in ISDA initiatives and solutions—and not just because you’re my old boss.
    Let me now tell you about the first 100 days of this Administration and all we’ve done at the CFTC to deliver results for not just the American people, but also for all stakeholders in our global markets. 
    Improving Efficiency and Effectiveness
    Cost Savings
    First, pursuant to the President’s executive orders, General Services Administration (GSA) guidance, and at my direction, the CFTC’s Division of Administration has achieved significant cost savings for our agency.  By conducting a comprehensive review of all CFTC contracts and procurement, and then applying basic cost management principles, the CFTC has saved nearly $20 million dollars without compromising CFTC operations or services.
    On an annualized basis, after including other reductions to costs including leasing, the CFTC is on track to save about $50 million dollars.  That is a cost savings of roughly 14% of the CFTC’s appropriated budget, which was $365 million dollars for fiscal year 2025. 
    No magic was involved in achieving these significant savings for the American taxpayer—just prudent and experienced management. 
    Transformation and Optimization 
    We’ve also completed organizational changes to the CFTC’s divisions and offices to break down silos, enhance coordination, and minimize duplication.  It was not necessary to create or eliminate any agency components—instead, we looked at what CFTC organizational structure has been proven to work in the past over many decades. 
    These changes help the CFTC to return to regular order and are expected to generate short-term and long-term improvements to agency operations and other efficiencies.  And, various sections have been realigned within divisions into functional units to enhance operational efficiency and effectiveness.

    The Market Surveillance Section has returned to the Division of Market Oversight (DMO), where it had historically been located, from the Division of Enforcement (DOE).  The Office of the Chief Economist has also moved to DMO and was renamed the Economic Research Section to further enhance the CFTC’s market analysis capabilities. Both of these sections are within DMO’s Product and Market Analytics Branch.
    In addition to the above changes, DMO now has a DCM, SEF, and SDR Branch that includes a Data Reporting Section and a Market Review Section.
    The Market Participants Division (MPD) is now organized into the Examinations Branch; Financial Requirements Branch with a Financial Resources Section and Financial Risk Management Section; and Registration and Compliance Branch with a Registration and Swaps Oversight Section and a Managed Funds and Intermediaries Section.
    The Office of Proceedings and the Whistleblower Office have moved to the Office of the General Counsel to better reflect their adjudicatory functions and minimize conflicts of interest. 

    CFTC FY 2026 Annual Performance Plan
    For the first time since fiscal year (FY) 2018–eight years ago—the CFTC has updated its Annual Performance Plan with key performance indicators (KPIs) that is submitted to the Office of Management and Budget (OMB). The Annual Performance Plan is the key tool used to measure the CFTC’s performance results against the CFTC’s mission and 5-year strategic plan. 
    The goals included in the FY 2026 Annual Performance Plan prioritize improving market integrity and transparency, promoting derivatives markets’ financial integrity and avoiding systemic risk, promoting smart enforcement, and engaging in robust domestic and international cooperation. Together, the goals and KPIs prepare the CFTC to execute the President’s agenda and measure our success in doing so.
    Importantly, a major change to the CFTC’s approach to KPIs is to measure the CFTC’s efficiency in executing the agency’s core functions by establishing baseline expectations for timeliness of activities such as processing registrations, other applications, or rule submissions; performing examinations; conducting investigations; and other oversight activities. 
    Aging dashboards will be established and routinely monitored so that agency underperformance can be detected and promptly addressed. Appropriate KPIs enable American taxpayers to better assess the value provided by the CFTC and ensure accountability in the use of public funds. 
    Delivering Results
    I want to highlight some of the key accomplishments that the CFTC has achieved in just 100 days, in addition to our day-to-day work.  I’m proud to say we have completed all items that were prioritized based on the inventory of open matters that was identified at the beginning of my chairmanship, and I thank my directors and their teams who have been working so hard these past five months to deliver these results.  Most of these initiatives address proposals or concerns I raised as a Commissioner. 
    Swaps Market and Reducing Regulatory Burdens

    MPD and DMO issued an interpretative letter that FX window forwards and package FX spot transactions are not swaps.  This lack of regulatory clarity has resulted in uncertainty and disruption to the FX market for nearly 10 years.
    MPD issued an interpretative letter providing that swap dealers could post and collect shares of certain U.S. Treasury ETFs as eligible margin collateral for uncleared swap transactions.  This was a recommendation from the CFTC’s Global Markets Advisory Committee (GMAC) and its Global Market Structure Subcommittee to enhance market liquidity and efficiency.
    MPD issued a no-action letter providing relief to swap dealers from the pre-trade mid-market mark disclosure requirement to reduce regulatory burden.  The CFTC has provided such relief for certain swaps since 2012. Notably, the CFTC has never rescinded no-action letters that address unworkable or overly burdensome Dodd-Frank requirements.
    The Division of Clearing and Risk (DCR) and MPD circulated for a Commission vote an amended order to permit an exempt derivatives clearing organization (DCO) to clear certain swaps for U.S. customers through a non-U.S. clearing member affiliate of a futures commission merchant (FCM) to mitigate systemic risk and promote market liquidity.
    DMO withdrew an advisory that created regulatory uncertainty regarding whether certain entities are required to register as swap execution facilities (SEFs).
    The CFTC and SEC adopted a joint final rule extending the compliance date for amendments to Form PF because the original implementation timeframe was unworkable.
    DCR and MPD issued a no-action letter which permits DCOs and FCMs to retain current separate account treatment up to the compliance date for the final rule to reduce regulatory burden.
    DCR and DMO issued a no-action letter from swap data reporting and recordkeeping regulations to reduce regulatory burden.
    MPD and DCR issued a no-action letter which allows a non-U.S. swap dealer to retain exemptions to uncleared margin and clearing mandate requirements for its legacy swap portfolio in connection with an acquisition of another entity.
    DMO issued a no-action letter in connection with KRX’s KOSPI.
    MPD issued an interpretative letter to allow non-U.S. swap dealers domiciled in Japan that elect substituted compliance for capital and financial reporting to file only certain defined schedules of the home country Japanese Annual Business Report to eliminate overly burdensome reporting requirements.

    Innovation and Market Structure

    The CFTC hosted a first-ever Crypto CEO Forum of industry-leading firms to discuss the launch of the CFTC’s digital asset markets pilot program for tokenized non-cash collateral such as stablecoins.  The CFTC’s GMAC and its Digital Asset Markets Subcommittee previously made a recommendation.
    The CFTC will soon participate as an observer in industry tokenization pilot programs.
    DCR and DMO withdrew two advisories relating to virtual currency derivative product listings and clearing that were no longer needed given additional staff experience and increasing digital asset market growth and maturity.
    DCR, DMO, and MPD issued a request for comment on the potential uses, benefits, and risks of trading and clearing of perpetual derivatives contracts in CFTC-regulated markets.
    DCR, DMO, and MPD issued a request for comment on the potential uses, benefits, and risks of trading on a 24/7 basis in derivatives markets and associated clearing risk management.
    MPD will soon issue an interpretative letter regarding the circumstances for which a person that has a place of organization, and the location where its high-level officers primarily direct, control, and coordinate such person’s activities, is in a foreign jurisdiction, that such person is not a “person located in the United States” for purposes of the “foreign futures or foreign options customer” definition in CFTC regulation 30.1(c); is not a “participant located in the United States” for purposes of CFTC regulation 48.2(c); is a “foreign located person” for purposes of CFTC regulation 3.10(c)(1)(ii); and is a “non-U.S. person” as defined in CFTC regulation 23.23(a) and the CFTC’s 2013 cross-border swaps activity guidance, among other things.  The CFTC’s regulation by enforcement approach to crypto and novel interpretations that contravene decades of CFTC precedent have created regulatory uncertainty and disruption to the global derivatives markets, as I predicted in my prior public statement in a CFTC enforcement action.
    DCR and DMO will soon issue an advisory on the benefits of and associated considerations for exchange volatility controls.  This was a recommendation from the CFTC’s GMAC and its Global Market Structure Subcommittee to mitigate systemic risk and promote market resiliency.
    MPD will soon issue a FAQ to remind the public of the significant regulatory obligations associated with registering and operating an FCM.

    Enforcement and Compliance

    DOE dispositioned 50% (representing several hundreds) of its open enforcement matters, including preliminary investigations, investigations, and litigation.  Of these resolved matters, over a dozen had been open for over 15 years and over three dozen had been open for over 10 years.  Resolving this backlog will enable DOE to focus its resources on catching fraudsters and scammers and helping victims.
    DOE issued an advisory on self-reporting, cooperation, and remediation with a first-ever matrix for mitigation credit to provide fair notice to the public and guidance that is designed to ensure due process in DOE’s investigations and enforcement actions.  The advisory provides transparency, predictability, returns to decades of prior CFTC policy on self-reporting, and is aligned with best practices for assessing penalties followed by the Department of Justice and other U.S. financial regulators.  This advisory implements my proposals as a Commissioner.
    DOE launched a 30-day compliance and remediation initiative, or enforcement sprint, in March to expeditiously resolve outstanding investigations and enforcement matters regarding compliance violations without customer harm or market abuse.  Of approximately two dozen firms that expressed interest in participating in the enforcement sprint, over five matters are, or will soon be, in circulation for a Commission vote on administrative settlement orders.  These proposed settlement orders resolve years of investigation, apply the new DOE advisory regarding mitigation credit, and have civil monetary penalties that are reflective of historical amounts—a fraction of DOE’s previous initial demand amounts that were often disproportionately 10, 20, or 100 times larger than in the past.
    MPD, DCR, DMO, and DOE issued a joint advisory on the materiality or other criteria that the operating divisions will use to determine whether to make a referral to DOE for self-reported violations, or supervision or non-compliance issues.  This advisory implements my proposals as a Commissioner.
    MPD and DOE issued a CFTC internal memorandum that establishes the procedures MPD and DOE will follow when non-U.S. swap dealers are suspected of violating foreign comparable standards when relying on substituted compliance.  Any inquiry involving substituted compliance will be handled by MPD, unless MPD determines that a supervision or non-compliance issue is material and makes a referral to DOE pursuant to CFTC Staff Letter 25-13.  Generally, the procedures require CFTC staff to adhere to principles of international comity and deference to the foreign regulator, including that the foreign regulator interprets and applies the home country regulation (not the CFTC), and that MPD and DOE will not pursue an inquiry if the foreign regulator determines that the non-U.S. swap dealer is in compliance with foreign comparable standards, or the foreign regulator is addressing the non-compliance issue through its supervisory process.  This advisory implements my proposals as a Commissioner.
    DOE reorganized its task forces to combat fraud and help victims while ending the practice of regulation by enforcement.  The new task force model allows enforcement attorneys to specialize in categories of cases, thereby enhancing relevant knowledge, practices and mentoring opportunities, and reducing the risk of legal or ethical lapses.  It is also more efficient by enabling staffing assignments irrespective of location in headquarters or regional offices.
    DOE launched a Basic Trial Advocacy Skills training series, with sessions ranging from opening, closing and direct examinations, interactions with jury and opposing counsel, and techniques to avoid creating misimpressions, with more sessions being planned. The sessions offer practical instruction on investigations and litigation as well as opportunities to discuss ethical and discovery dilemmas that can occur in real life litigation scenarios.  These training programs and the following ethical conduct and culture initiatives address concerns I had raised as a Commissioner.
    DOE delivered various ethics training, including ensuring candor and openness in engagement with the Court and defense counsel.  DOE also hosted a training on the American Bar Association’s Model Rules of Professional Conduct as applied to government attorneys, with additional trainings being planned.
    DOE promoted greater transparency with the defense bar by sponsoring open forum discussions with practicing defense attorneys and, where appropriate, providing greater detail about the status of open cases. 

    Recognizing CFTC Staff
    I think we can all agree that based on sheer productivity and impact, these first 100 days have been nothing short of remarkable.  The CFTC has provided an outstanding return on investment for the American taxpayer.  None of this would have been possible if it were not for the unwavering commitment of CFTC staff to our mission and our markets. 
    The work of our dedicated employees—often behind the scenes, but always indispensable—is the bedrock of our balanced, principles-based regulatory framework that promotes market integrity and protects the public from fraud, manipulation, and abuse.  
    It was my great honor to celebrate our core values, recognize the achievements of our talented staff, and commemorate the CFTC’s 50th anniversary last month with special awards for exceptional CFTC employees that exemplify Mission Excellence, Market Excellence, and Mindset Excellence.  We recognized 28 of our staff, some of whom have loyally served the CFTC for over 40 years.
    In addition, we launched a CFTC Leadership Speaker Series, and are working on additional staff development opportunities throughout the year.
    I am especially indebted to my executive management team, especially Harry Jung, acting Chief of Staff; Meghan Tente, acting General Counsel; Brigitte Weyls, Chief Counsel; Taylor Foy, acting Director of Public Affairs; and Nick Elliot, acting Director of Legislative Affairs.  They have each been pulling double duty since January, and their tireless work ethic, positive attitude, collegiality, and genuine care mean so much to me.
    I have been truly lucky to have the benefit of the decades of CFTC leadership by acting MPD Director Tom Smith and acting MPD Deputy Director Frank Fisanich; acting DCR Director Richard Haynes; acting DMO Director Rahul Varma and former acting DMO Director Amanda Olear; DOE Director Brian Young; DOE Deputy Director Paul Hayeck, acting Chief of the Complex Fraud Task Force; DOE Deputy Director Charles Marvine, acting Chief of the Retail Fraud and General Enforcement Task Force; acting Deputy General Counsel Anne Stukes; acting and acting OIA Director Mauricio Melara.  They are the very embodiment of public service, duty, and dedication.
    Conclusion 
    When I became acting Chairman this year, I noted that for the past half century, the CFTC has proudly served our mission to promote market integrity and liquidity in the commodity derivatives markets that are critical to the real economy and global trade—ensuring American growers, producers, merchants and other commercial end-users can mitigate risks to their business and support strong U.S. economic growth. I also said it was time for the CFTC to get back to the basics.  We delivered on that promise.
    It’s a very fitting bookend that I am here today to talk about what the CFTC has accomplished in just 100 days under my leadership as acting Chairman, because three years ago, I was a new Commissioner at the beginning of my term speaking at the ISDA AGM in Madrid.  
    As some of you may have caught on Bloomberg TV last week during my interview at the Milken Institute Global Conference, I have announced that I will be returning to the private sector once Brian Quintenz is confirmed as Chairman.  While I don’t have any specific plans for what’s next for me personally yet, I hope to make some over the next several months. 
    The United States recently celebrated Mother’s Day.  My own mom always told me when I was growing up, that anything is possible if you put your mind to it.  I had a vision of what could be accomplished at the CFTC, the agency where I began as a law student intern, came back for the fourth time as a Commissioner, and will now leave as acting Chairman.  I hope you will agree that I put my mind, heart, body, and soul into this job, and achieved my vision of what was possible.  I hope that this might inspire others to achieve their vision of what is possible too. 
    It has been the honor of a lifetime to serve as a Commissioner and now acting Chairman, and I will leave with deep pride in what we’ve accomplished and great confidence in what the CFTC will continue to achieve in the years ahead.  I am grateful for having had this incredible opportunity to make a difference.  Thank you.

    MIL OSI USA News –

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for May 16, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on May 16, 2025.

    Waste-to-energy in Australia: how it works, where new incinerators could go, and how they stack up
    Source: The Conversation (Au and NZ) – By Ali Abbas, Associate Dean (Research), University of Sydney Martin Mecnarowski, Shutterstock. Every year, Australia buries millions of tonnes of waste in landfills. But these sites are filling fast, recycling has its own limitations, and most waste export is banned. So councils and state governments are looking for

    The sun will come out tomorrow: remembering the life and music of Charles Strouse
    Source: The Conversation (Au and NZ) – By Mara Davis Johnson, Lecturer in Creative and Performing Arts, University of Wollongong The Broadway community is today mourning the passing of Charles Strouse at the age of 96, the legendary composer behind hits like Bye Bye Birdie (1960), Applause (1970) and Annie (1976). Strouse was born on

    No chance to say goodbye – defeated MPs will rue not giving valedictory speeches
    Source: The Conversation (Au and NZ) – By Amy Nethery, Associate professor of politics and policy, Deakin University Former Greens leader Adam Bandt’s 15-year career in federal parliament came to an end in a nondescript park in Melbourne, far from the seat of power in Canberra. He was there to concede defeat in the federal

    How accurate are my medical records? You might be surprised how often errors creep in
    Source: The Conversation (Au and NZ) – By Sheree Lloyd, Senior Lecturer in Health Services Management, University of Tasmania DC Studio/Shutterstock Medical records of hundreds of patients at a Sydney hospital’s cancer genetics service have been reviewed following irregularities related to care by a single specialist. According to St Vincent’s Hospital, in about 520 records,

    So your primary school child has a ‘boyfriend’ or ‘girlfriend’. Should you be worried?
    Source: The Conversation (Au and NZ) – By Cher McGillivray, Assistant Professor in Psychology, Bond University Karhut/Shutterstock If you have a child in primary school you may not be expecting to help them manage romantic relationships. Surely this is an issue for the high school years? While young children do not experience romantic love in

    Viral ‘Hongdae boy’ videos expose the fringe group of South Korean men trying to sleep with foreign women
    Source: The Conversation (Au and NZ) – By Joanna Elfving-Hwang, Associate Professor (Korean Society and Culture), Dean International (Korea), Curtin University Shutterstock If you’re on TikTok, you may have come across “Hongdae boys” or “Hongdae guys” recently. In a social media context, the term refers to a group of young South Korean men who prey

    A trial is testing ways to enforce Australia’s under-16s social media ban. But the tech is flawed
    Source: The Conversation (Au and NZ) – By Alexia Maddox, Senior Lecturer in Pedagogy and Education Futures, La Trobe University De Visu/Shutterstock Australia’s move to ban under-16s from social media is receiving widespread praise. Other countries, including the United Kingdom, Ireland, Singapore and Japan, are also now reportedly considering similar moves. The ban was legislated

    Banning young people from social media sounds like a silver bullet. Global evidence suggests otherwise
    Source: The Conversation (Au and NZ) – By Jasleen Chhabra, Research Fellow, Centre for Youth Mental Health, The University of Melbourne Monkey Business / Shutterstock Around 98% of Australian 15-year-olds use social media. Platforms such as TikTok, Snapchat and Instagram are where young people connect with friends and online communities, explore and express their identities,

    This election, young people held the most political power. Here’s how they voted
    Source: The Conversation (Au and NZ) – By Intifar Chowdhury, Lecturer in Government, Flinders University This election, a lot of focus was directed at young voters. With Millennials and Gen Z now making up a larger share of the electorate than Baby Boomers, this was deserved. But for all the attempts to reach these cohorts,

    Grattan on Friday: Ley and Littleproud have had a prickly relationship – can they negotiate a smooth future?
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra With the future of the Coalition relationship on the line, Nationals leader David Littleproud drove to his Liberal counterpart Sussan Ley’s hometown of Albury this week. They had much to talk about, and it wasn’t going to be easy. Littleproud

    Likely final House seat outcome: 94 Labor, 44 Coalition, 12 Others
    Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne The ABC has called Labor wins in 93 of the 150 House of Representatives seats. The Coalition has won 43 seats, the Greens one and all Others

    Fresh start for the Greens, with new leader Larissa Waters
    Source: The Conversation (Au and NZ) – By Nathan Fioritti, Lecturer in Politics, School of Social Sciences, Monash University Queensland Senator Larissa Waters is the new leader of the Australian Greens, following a two-hour partyroom meeting held in the wake of the party’s lacklustre performance in the May 3 election. Waters was elected unopposed. New

    The new leader of the Greens sits in the Senate. Why is that so unusual in Australian politics?
    Source: The Conversation (Au and NZ) – By Anne Twomey, Professor Emerita in Constitutional Law, University of Sydney The 2025 federal election resulted in some unexpected outcomes, including the loss by the Greens Leader, Adam Bandt, of his seat in the House of Representatives. The new Greens leader is Senator Larissa Waters. Does it matter

    Trump signed plenty of contracts in the Middle East, but he’s no closer to the two ‘deals’ he really wants
    Source: The Conversation (Au and NZ) – By Shahram Akbarzadeh, Convenor, Middle East Studies Forum (MESF), and Deputy Director (International), Alfred Deakin Institute for Citizenship and Globalisation, Deakin University US President Donald Trump’s visit to Arab states in the Middle East this week generated plenty of multibillion-dollar deals. He said more than US$1 trillion (A$1.5

    As the Latrobe Valley moves away from coal jobs, could a green worker’s cooperative offer a solution?
    Source: The Conversation (Au and NZ) – By Gregory Patmore, Emeritus Professor of Business and Labour History, University of Sydney Workers at Earthworker Energy Manufacturing Co-op Worker cooperatives may sound like something out of the 19th century, but they still exist in the age of global capitalism. In Spain, for instance, the Mondragon Corporation is

    It’s wild mushroom season in Australia. Here’s how to stay safe and avoid poisoning
    Source: The Conversation (Au and NZ) – By Darren Roberts, Conjoint Associate Professor in Clinical Pharmacology and Toxicology, St Vincent’s Healthcare Clinical Campus, UNSW Sydney dannersjb/Shutterstock A number of Australian states including New South Wales, Victoria and South Australia have issued warnings in recent weeks about the risks of eating wild mushrooms. Mushrooms generally grow

    Dishevelled, dehydrated delirium: new Aussie film The Surfer, starring Nicolas Cage, is an absolute blast
    Source: The Conversation (Au and NZ) – By Grace Russell, Lecturer, School of Media, Film and Journalism, Monash University Madman Entertainment Nicolas Cage has made a career from his highly entertaining scenery chewing. He follows a performance style he calls “Nouveau Shamanic” – an exaggerated form of method acting where he acts according to the

    Disheveled, dehydrated delirium: new Aussie film The Surfer, staring Nicolas Cage, is an absolute blast
    Source: The Conversation (Au and NZ) – By Grace Russell, Lecturer, School of Media, Film and Journalism, Monash University Madman Entertainment Nicolas Cage has made a career from his highly entertaining scenery chewing. He follows a performance style he calls “Nouveau Shamanic” – an exaggerated form of method acting where he acts according to the

    ER Report: A Roundup of Significant Articles on EveningReport.nz for May 15, 2025
    ER Report: Here is a summary of significant articles published on EveningReport.nz on May 15, 2025.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI New Zealand: $577 million to support film and TV production

    Source: NZ Music Month takes to the streets

    The Government is providing certainty to New Zealand’s film industry by providing the funding needed to sustain the International Screen Production Rebate, Economic Growth Minister Nicola Willis announced today.

    “This funding will help bring investment, jobs and income to New Zealand, boosting our economic growth. 

    “We are sending a clear message to the world: New Zealand is the best place in the world to make movies.  Bring your productions here to take advantage of our talent and locations. 

    “The Budget increase of $577 million across this year and the next four takes total funding for the rebate scheme to $1.09 billion over the forecast period, better reflecting expected demand for the scheme. Settings remain unchanged,” Nicola Willis says. 

    “The rebate scheme is working and we want New Zealand’s film industry to know the Government is backing them to grow into the future. 

    “At last count our screen sector provided work for about 24,000 people and generated about $3.5 billion in annual revenue. 

    “While industry incentives are not generally our favoured approach, the reality is we simply won’t get the offshore investment in our highly successful screen sector without continuing this scheme,” Ms Willis says.

    “New Zealand competes with more than 100 territories world-wide that provide screen incentives, including countries like Australia, Canada and the United Kingdom that provide more generous incentives than ours.

    “Eligible productions can access a 20 per cent cash rebate on qualifying New Zealand production expenditure where production costs are more than $15 million for feature films and $4 million for TV productions.

    ”A further 5 per cent rebate is available to productions spending more than $30 million which meet additional criteria for industry and economic growth.

    “Inbound productions invested nearly $7.5 billion in New Zealand in the past 10 years, supported by $1.5 billion in rebate payments.

    “Following a review of the rebate settings completed in late-2023, 10 big international productions have been attracted here, including eight from the major Hollywood studios. They include A Minecraft Movie, the second highest-grossing film of 2025 so far, and Taika Waititi’s Klara and the Sun now in production.

    “Along with investment and jobs, New Zealand has benefited from acquiring a highly skilled screen industry workforce. Film production companies provide work for thousands of people and create fantastic opportunities for young New Zealanders.

    “The Government will continue to work with the New Zealand Film Commission to ensure we continue to attract high-value productions from around the world.”

    Notes for editors

    • Through Budget 2025, the Government is increasing baseline funding for the New Zealand Screen Production Rebate – International so it better reflects current forecast demand for the rebate.
    • Previously the Government was regularly called on to provide time-limited funding on top of baseline funding for the scheme.
    • The changes mean that funding for 2024/25 is increasing to $250 million, and to $210 million from 2025/26 onwards, which better reflects the expected costs of the rebate based on registered productions and current forecast demand.

    MIL OSI New Zealand News –

  • MIL-OSI Video: Never Forget Our Fallen

    Source: United States Department of Defense (video statements)

    —————
    Located in @ArlingtonNatl, the Tomb of the Unknown Soldier has served as a symbolic grave for all military warriors whose remains have not been found or identified since 1921. The tomb is guarded around-the-clock regardless of inclement weather by sentinels from the @OldGuardVideo.

    #DYK The Tomb of the Unknown Soldier currently holds three unidentified service members, representing soldiers from #WWI, #WWII and the Korean War. A fourth soldier previously buried in the tomb, representing the Vietnam War, was identified in 1998 and returned to his family.

    History on the Tomb of the Unknown Soldier
    https://www.defense.gov/multimedia/experience/tomb-of-the-unknown-soldier/

    For more on the Department of Defense, visit: http://www.defense.gov
    —————
    Keep up with the Department of Defense on social media!

    Like the DoD on Facebook: http://facebook.com/DeptofDefense
    Follow the DoD on Twitter: http://twitter.com/DeptofDefense
    Follow the DoD on Instagram: http://instagram.com/DeptofDefense
    Follow the DoD on LinkedIn: https://www.linkedin.com/company/DeptofDefense

    https://www.youtube.com/watch?v=qU4TVGVoFL8

    MIL OSI Video –

  • MIL-OSI: Banzai Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Revenue of $3.4 Million for Q1 2025, Representing 213% Growth from Q1 2024

    Gross Profit of $2.8 Million for Q1 2025, Representing 297% Growth from Q1 2024; Gross Margin Expanded to 82.1% in Q1 2025 from 64.7% in Q1 2024

    Q1 2025 Net Loss Improved to ($3.6) Million from ($7.9) Million in Q4 2024, Positioning the Company to Cash Break-Even Operations in FY2025

    Management to Host First Quarter 2025 Results Conference Call Today, Thursday, May 15, 2025 at 5:45 p.m. Eastern Time

    SEATTLE, May 15, 2025 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today reported financial results for the first quarter ended March 31, 2025.

    First Quarter 2025 and Subsequent Key Financial & Operational Highlights

    • Revenue of $3.4 million for Q1 2025, representing an increase of 213% million over Q1 2024 and a 160% sequential increase.
    • Gross profit of $2.8 million for Q1 2025, representing an increase of 297% over Q1 2024. Gross margin was 82.1% in Q1 2025, compared to 64.7% in Q1 2024.
    • Annual Recurring Revenue (ARR) of $14.9 million for Q1 2025. This represents a 268% annualized ARR growth rate compared to Q4 2024.
    • Q1 2025 Net Loss was ($3.6) million, a $4 million sequential improvement from Q4 2024 Net Loss of ($7.9) million.
    • Q1 2025 Adjusted EBITDA was ($1.7) million, compared to ($1.5) million in Q1 2024.
    • Completed acquisition of Vidello, Ltd. (“Vidello”) on January 31, 2025.
    • Signed a definitive agreement to acquire Act-On Software Inc. (“Act-On”), an enterprise marketing automation platform (MAP) provider, which is projected to increase revenue by $27 million for the twelve-month period ending December 31, 2025, on a pro-forma basis, when completed; acquisition subject to closing conditions.
    • Completed ahead-of-schedule repayment of $20.3 million of outstanding liabilities as of March 31, 2025, pursuant to the $24.8 million debt payoff and restructuring agreements announced on September 24, 2024.
    • Expanded customer base to over 90,000 total customers.

    “In the first quarter, as our Vidello and OpenReel businesses continued to drive revenue momentum, we also focused on shoring up the financial strength of the company,” said Joe Davy, Founder and CEO of Banzai. “Revenue was $3.3 million for the first quarter of 2025, representing a 207% increase from the prior year from continued strong performance for our products. We closed the acquisition of Vidello in February, and progress continued toward closing the acquisition of Act-On Software, which is projected to increase revenue by $27 million for the full year 2025 on a pro-forma basis when completed, which remains subject to the satisfaction or waiver of closing conditions and therefore there is no guarantee it will be completed or provide such revenue.

    “For the first quarter, we achieved a 268% annualized Annual Recurring Revenue growth rate. Growth was driven by our focus on mid-market and enterprise customers, and on the Reach product through re-engineering and expanded sales efforts. In total, we now serve over 90,000 customers.

    “We made significant improvements to our balance sheet and cost structure, which we believe will position us for sustainable profitability in the future. With the investment in our Vidello acquisition, we further improved our financial position and flexibility with a $5.1 million year over year improvement in stockholders’ equity to a positive $2.4 million as of March 31, 2025. We also implemented a strategic initiative that we expect will enable us to significantly improve net income, substantially extend our cash runway, and invest in growth. We are making significant progress toward these goals and overall improvement in net income is expected to be approximately $13.5 million annually when fully implemented, while maintaining our growth outlook.

    “In the first quarter Banzai secured expanded agreements with several prominent enterprises including RBC Capital Markets for our OpenReel solution, further cementing OpenReels position as a leading digital video creation platform for enterprise marketing teams. These agreements further validate our expansion strategy in the enterprise and mid-market. We are seeing solid traction in the financial sector, where the OpenReel Creator tool gives global financial firms the ability to offer standardized branded video with personalization at scale for their wealth managers, partners, and other stakeholders.

    “To better serve our customers, we have continued to invest in our products and growth initiatives. We launched CreateStudio 4.0, with major A.I. enhancements for video creation including new A.I. builders, hook generators and assistant, and improved audio visualizer, call-to-action, and UI improvements.

    “Looking ahead, our acquisitions have allowed us to build an integrated platform of AI-powered MarTech solutions that is driving strong growth with its marketing results. We are focused on adding innovative new products and capabilities that will provide compelling solutions for our clients and further our market reach. As we continue to invest in our software platform, sales and marketing, product development, acquisition strategy and other organic growth initiatives, we are managing costs efficiently. We are also continuing to strengthen our capital structure and balance sheet, to deliver a material benefit to both net income and shareholders’ equity. We look forward to additional updates on our anticipated milestones in the weeks and months to come,” concluded Davy.

    First Quarter 2025 Financial Results

    Banzai believes its non-GAAP financial measure ARR is more meaningful in evaluating its performance. The Company’s management team evaluates its financial and operating results utilizing this non-GAAP measure. For the three months ended March 31, 2025, ARR increased to $14.9 million, representing a 268% annualized ARR growth rate.

    Total revenue for the three months ended March 31, 2025, was $3.4 million, a sequential increase of 160% from the three months ended December 31, 2024, and an increase of 213% compared to the prior year quarter.

    Total cost of revenue for the three months ended March 31, 2025 was $0.6 million, compared to $0.4 million in the prior year quarter, an increase of 59%. The increase was proportional to the revenue for the corresponding period.

    Gross profit for the three months ended March 31, 2025, was $2.8 million, compared to $0.7 million in the prior year quarter. Gross margin was 82.1% in the first quarter of 2025, compared to 64.7% in the first quarter of 2024.

    Total operating expenses for the three months ended March 31, 2025, were $7.7 million, compared to $4.1 million in the prior year quarter. The increase in operating expenses were primarily due to the additions of OpenReel and Vidello and overall operating expenses.

    Net loss for the three months ended March 31, 2025, was $3.6 million, compared to $4.3 million in the prior year quarter.

    Adjusted EBITDA for the three months ended March 31, 2025, was ($1.7) million, compared to Adjusted EBITDA of ($1.5) million for the prior year quarter. This period-over-period decrease is primarily attributable to increased gain on extinguishments of liabilities offset by loss on issuance of term notes and increased transaction related expenses.

    Net cash used in operating activities for the three months ended March 31, 2025, was $5.0 million, compared to $2.1 million for the three months ended March 31, 2024.

    Cash totaled $0.8 million as of March 31, 2025, compared to $1.1 million as of December 31, 2024.

    Annual Recurring Revenue (“ARR”) refers to annual run-rate revenue of subscription agreements from all customers in the last month of the measured period. These statements are forward-looking and actual ARR may differ materially. Refer to the “Forward-Looking Statements” section below for information on the factors that could cause Banzai’s actual ARR to differ materially from these forward-looking statements.

    First Quarter 2025 Results Conference Call

    Banzai Founder & CEO Joe Davy and Interim CFO Alvin Yip will host the conference call, followed by a question-and-answer session. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed via the investor relations section of the Company’s website here.

    To access the call, please use the following information:

    A replay of the webcast and the presentation utilized during the call will be available in the Company’s investor relations section here.

    Note About Non-GAAP Financial Measures

    Adjusted EBITDA

    In addition to our results determined in accordance with U.S. GAAP, we believe that Adjusted EBITDA, a non-GAAP measure as defined below, is useful in evaluating our operational performance distinct and apart from certain irregular, non-cash, and non-operational expenses. We use this information for ongoing evaluation of operations and for internal planning purposes. We believe that non- GAAP financial information, when taken collectively with results under GAAP, may be helpful to investors in assessing our operating performance and comparing our performance with competitors and other comparable companies.

    Non-GAAP measures should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. We endeavor to compensate for the limitation of Adjusted EBITDA, by also providing the most directly comparable GAAP measure, which is net loss, and a description of the reconciling items and adjustments to derive the non-GAAP measure.

    Adjusted EBITDA should only be considered alongside results prepared in accordance with GAAP, including various cash-flow metrics, net income (loss) and our other GAAP results and financial performance measures.

    Net Income/(Loss) to Adjusted EBITDA Reconciliation
     
        Three
    Months
    Ended
    March 31,    		     Three
    Months
    Ended
    March 31,    		     Period-
    over-    		     Period-
    over-    		  
    ($ in Thousands)   2025     2024     Period $     Period %  
    Net loss   $ (3,644 )   $ (4,291 )   $ 647       -15.1 %
    Depreciation expense     247       2       245       12250.0 %
    Stock based compensation     337       43       294       685.9 %
    Interest expense     —       451       (451 )     -100.0 %
    Interest expense – related party     358       578       (220 )     -38.1 %
    Income tax expense     74       (1 )     75       -7500.0 %
    GEM commitment fee expense     –       200       (200 )     -100.0 %
    Gain on extinguishment of liabilities     (4,343 )     (528 )     (3,815 )     722.5 %
    Loss on debt issuance     274       171       103       60.2 %
    Loss on issuance of term notes     1,770       —       1,770     nm  
    Change in fair value of warrant liability     (4 )     (408 )     404       -99.0 %
    Change in fair value of warrant liability – related party     2       (115 )     117       -101.7 %
    Change in fair value of bifurcated embedded derivative liabilities – related party     43       –       43     nm  
    Change in fair value of convertible notes     159       544       (385 )     -70.8 %
    Change in fair value of term notes     166       —       166     nm  
    Change in fair value of convertible bridge notes     (22 )     —       (22 )   nm  
    Loss on yorkville sepa advances     385       —       385     nm  
    Other expense, net     (125 )     (4 )     (121 )     3025.0 %
    Transaction related expenses*     2,582       1,842       740       40.2 %
    Adjusted EBITDA (Loss)   $ (1,742 )   $ (1,512 )   $ (230 )     15.2 %


    About Banzai

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

    Forward-Looking Statements

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

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

    Media
    Nancy Norton
    Chief Legal Officer, Banzai
    media@banzai.io

    BANZAI INTERNATIONAL, INC.
    Consolidated Balance Sheets
     
        March 31, 2025     December 31, 2024  
        (Unaudited)        
    ASSETS            
    Current assets:            
    Cash   $ 780,764     $ 1,087,497  
    Accounts receivable, net of allowance for credit losses of $14,503 and $24,210, respectively     1,028,379       936,321  
    Prepaid expenses and other current assets     831,394       643,674  
    Total current assets     2,640,537       2,667,492  
                 
    Property and equipment, net     10,889       3,539  
    Intangible assets, net     8,936,187       3,883,853  
    Goodwill     21,991,721       18,972,475  
    Operating lease right-of-use assets     66,896       72,565  
    Bifurcated embedded derivative asset – related party     20,000       63,000  
    Other assets     13,984       11,154  
    Total assets     33,680,214       25,674,078  
                 
    LIABILITIES AND STOCKHOLDERS’ DEFICIT            
    Current liabilities:            
    Accounts payable     2,830,450       7,782,746  
    Accrued expenses and other current liabilities     4,030,965       3,891,018  
    Convertible notes (Yorkville)     1,684,000       —  
    Convertible notes – related party     8,104,901       8,639,701  
    Convertible notes     —       215,057  
    Notes payable, carried at fair value     5,949,001       3,575,000  
    Warrant liability     11,000       15,000  
    Warrant liability – related party     4,600       2,300  
    Earnout liability     2,046,370       14,850  
    Due to related party     167,118       167,118  
    Deferred revenue     4,419,195       3,934,627  
    Operating lease liabilities, current     23,485       22,731  
    Total current liabilities     29,271,085       28,260,148  
                 
    Deferred revenue, non-current     111,161       117,643  
    Deferred tax liability     1,309,333       10,115  
    Operating lease liabilities, non-current     43,765       49,974  
    Total liabilities     30,735,344       28,437,880  
                 
    Commitments and contingencies (Note 15)            
                 
    Stockholders’ equity (deficit):            
    Common stock, $0.0001 par value, 275,000,000 (250,000,000 Class A and 25,000,000 Class B) shares authorized and 14,686,775 (12,375,641 Class A and 2,311,134 Class B) and 8,195,163 (5,884,029 Class A and 2,311,134 Class B) issued and outstanding at March 31, 2025 and December 31, 2024, respectively     1,450       800  
    Preferred stock, $0.0001 par value, 75,000,000 shares authorized, 1 and 1 shares issued and outstanding at March 31, 2025 and December 31, 2024     —       —  
    Additional paid-in capital     84,866,612       75,515,111  
    Accumulated deficit     (81,923,192 )     (78,279,713 )
    Stockholders’ equity (deficit)     2,944,870       (2,763,802 )
    Total liabilities and stockholders’ equity (deficit)   $ 33,680,214     $ 25,674,078  
    BANZAI INTERNATIONAL, INC.
    Unaudited Condensed Consolidated Statements of Operations
     
        For the Three Months Ended March 31,  
        2025     2024  
                 
    Revenue   $ 3,379,083     $ 1,079,472  
    Cost of revenue     605,999       381,380  
    Gross profit     2,773,084       698,092  
                 
    Operating expenses:            
    General and administrative expenses     7,433,088       4,098,789  
    Depreciation and amortization expense     246,691       1,564  
    Total operating expenses     7,679,779       4,100,353  
                 
    Operating loss     (4,906,695 )     (3,402,261 )
                 
    Other expenses (income):            
    GEM settlement fee expense     —       200,000  
    Interest income     (2 )     (10 )
    Interest expense     —       451,399  
    Interest expense – related party     358,381       577,513  
    Gain on extinguishment of liabilities     (4,343,406 )     (527,980 )
    Loss on debt issuance     273,800       171,000  
    Loss on extinguishment of term notes     1,769,895       —  
    Change in fair value of warrant liability     (4,000 )     (408,000 )
    Change in fair value of warrant liability – related party     2,300       (115,000 )
    Change in fair value of bifurcated embedded derivative assets – related party     43,000       —  
    Change in fair value of convertible notes     159,100       544,000  
    Change in fair value of term notes     165,906       —  
    Change in fair value of convertible bridge notes     (21,714 )     —  
    Loss on Yorkville SEPA advances     384,524       —  
    Other income, net     (124,531 )     (4,118 )
    Total other (income) expenses, net     (1,336,747 )     888,804  
    Loss before income taxes     (3,569,948 )     (4,291,065 )
    Income tax expense (benefit)     73,531       (933 )
    Net loss     (3,643,479 )     (4,290,132 )
                 
    Net loss attributable to common shareholders   $ (3,643,479 )   $ (4,290,132 )
                 
    Net loss per share attributable to common shareholders            
    Basic and diluted   $ (0.15 )   $ (1.64 )
                 
    Weighted average common shares outstanding            
    Basic and diluted     23,963,166       2,612,025  
    BANZAI INTERNATIONAL, INC.
    Unaudited Condensed Consolidated Statements of Cash Flows
     
        For the Three Months Ended March 31,  
        2025     2024  
    Cash flows from operating activities:            
    Net loss   $ (3,643,479 )   $ (4,290,132 )
    Adjustments to reconcile net loss to net cash used in operating activities:            
    Depreciation and amortization expense     246,691       1,564  
    Provision for credit losses on accounts receivable     (9,707 )     (2,191 )
    Non-cash share issuance for marketing expenses     —       48,734  
    Non-cash shares issued for consulting expenses     232,500       —  
    Non-cash settlement of GEM commitment fee     —       200,000  
    Discount at issuance on notes carried at fair value     16,200       —  
    Non-cash interest expense     —       374,944  
    Non-cash interest expense – related party     336,275       87,758  
    Amortization of debt discount and issuance costs     (885 )     30,027  
    Amortization of debt discount and issuance costs – related party     —       489,755  
    Amortization of operating lease right-of-use assets     5,669       43,705  
    Stock based compensation expense     336,568       42,827  
    Gain on extinguishment of liability     (4,343,406 )     (527,980 )
    Loss on debt issuance     273,800       171,000  
    Loss on extinguishment of term notes     1,769,895       —  
    Loss on SEPA issuance     384,524       —  
    Change in fair value of warrant liability     (4,000 )     (408,000 )
    Change in fair value of warrant liability – related party     2,300       (115,000 )
    Change in fair value of bifurcated embedded derivative liabilities – related party     43,000       —  
    Change in fair value of convertible promissory notes     159,100       544,000  
    Change in fair value of term notes     165,906       —  
    Change in fair value of convertible bridge notes     (21,714 )     —  
    Changes in operating assets and liabilities:            
    Accounts receivable     (82,351 )     72,570  
    Prepaid expenses and other current assets     (187,720 )     (186,558 )
    Other assets     (2,830 )     —  
    Accounts payable     (609,595 )     1,897,046  
    Deferred revenue     36,602       31,210  
    Accrued expenses     (212,557 )     (524,713 )
    Operating lease liabilities     (5,455 )     (75,078 )
    Earnout liability     170,481       (22,274 )
    Deferred revenue – long-term     (6,482 )     —  
    Deferred tax liability     (25,032 )     —  
    Net cash used in operating activities     (4,975,702 )     (2,116,786 )
    Cash flows from investing activities:            
    Cash paid in acquisition of Vidello, net of cash acquired     (2,677,480 )     —  
    Net cash used in investing activities     (2,677,480 )     —  
    Cash flows from financing activities:            
    Payment of GEM commitment fee promissory note     (215,057 )     (1,200,000 )
    Repayment of convertible notes (Yorkville)     (1,877,100 )     —  
    Proceeds from term notes, net of issuance costs     4,000,000       —  
    Repayment of term notes     (3,686,086 )     —  
    Partial repayment of convertible notes – related party     (870,190 )     —  
    Proceeds from issuance of convertible notes, net of issuance costs     3,258,000       2,250,000  
    Proceeds from issuance of shares to Yorkville under the SEPA     6,687,082       —  
    Proceeds from shares issued to Verista     49,800       —  
    Net cash provided by financing activities     7,346,449       1,050,000  
    Net decrease in cash     (306,733 )     (1,066,786 )
    Cash at beginning of period     1,087,497       2,093,718  
    Cash at end of period   $ 780,764     $ 1,026,932  
    Supplemental disclosure of cash flow information:            
    Cash paid for interest     —       44,814  
    Non-cash investing and financing activities            
    Shares issued to Roth for advisory fee     —       278,833  
    Shares issued to GEM     —       100,000  
    Shares issued for marketing expenses     —       194,935  
    Shares issued to Hudson for consulting fee     232,500       —  
    Settlement of GEM commitment fee     —       200,000  
    Consideration transferred for acquisition of Vidello     1,661,677       —  
    Assets acquired in acquisition of Vidello     8,393,172       —  
    Liabilities assumed in acquisition of Vidello     3,986,464       —  
    Shares issued to Yorkville of aggregate commitment fee     —       500,000  
    Conversion of convertible notes – Yorkville     —       1,667,000  
    Conversion of convertible notes – related party     —       2,540,091  

    The MIL Network –

  • MIL-OSI: Binah Capital Group Reports First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    – Grew Total Revenue 18% Year-over-Year to $49 Million –

    – Assets Under Management (“AuM”) Increased 3% Year-over-Year to $26 Billion –

    – Net Income of $1 Million –

    – Increased EBITDA1to $2.2 Million from $(0.0) Million in the Prior Year –

    NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) — Binah Capital Group, Inc. (“Binah”, “Binah Capital” or the “Company”) (NASDAQ: BCG; BCGWW), a leading financial services enterprise that owns and operates a network of industry-leading firms empowering independent financial advisors, today announced results for the quarter ended March 31, 2025.

    “We once again delivered strong results, which is a continued testament to our differentiated RIA platform,” stated Craig Gould, Chief Executive Officer of Binah Capital Group. “Highlighting our business model’s sustained momentum and the effective execution of our growth initiatives, we achieved double-digit year-over-year growth in both revenue and EBITDA while delivering GAAP profitability in the first quarter. Subsequent to quarter-end, we were pleased to welcome Bleakley Financial Group to the Binah family, underscoring the strength of our open-architecture platform and the confidence that leading entrepreneurial firms place in Binah. Additionally, we further expanded and strengthened our executive leadership with the appointment of Ryan Marcus as our Chief Business Development and Engagement Officer. Looking ahead, we believe our resilient and differentiated platform leaves us well-positioned to navigate the dynamic macro environment and drive long-term shareholder value.”

    First Quarter 2025 Key Highlights

    • Total advisory and brokerage assets in the first quarter grew 3% year-over-year to $26 billion.
    • Total revenue increased 18% year-over-year to $49 million.
    • Gross profit of $8.6 million, compared to $7.8 million in the prior-year period.
    • Total operating expenses were $7 million, compared to $10 million in the prior-year period. The change in operating expenses was primarily due to costs incurred in the prior-year period related to the consummation of the business combination but did not occur in the first quarter of 2025.
    • GAAP net income of $1 million, compared to GAAP net loss of $(1.6) million in the prior-year period.
    • EBITDA* increased to $2.2 million, compared to an EBITDA of $(0.0) in the prior year period. The increase was primarily attributable to higher revenue growth and lower expenses, as the first quarter 2025 did not include the business combination related costs that occurred in the prior-year period.

    Liquidity and Capital

    The Company had cash and cash equivalents of $9 million and outstanding long-term debt of $25 million as of March 31, 2025.

    _______________

    * See “Non-GAAP Financial Measures” below for additional information and a reconciliation to GAAP for all Non-GAAP metrics.

    About Binah Capital Group

    Binah Capital Group (“Binah Capital”, “Binah” or the “Company,” is a financial services enterprise that owns and operates a network of industry-leading firms that empower independent financial advisors. As a national broker-dealer aggregator, Binah specializes in delivering value through its innovative hybrid-friendly model, making it an optimal platform for RIAs navigating today’s complex financial landscape. Binah’s portfolio companies are built to help advisors run, manage, and execute commission-based business seamlessly while providing best in class resources to support their advisory practice. We don’t just offer tools—we cultivate partnerships. Binah Capital Group stands alongside RIAs as a trusted ally, delivering the structure, flexibility, and cutting-edge solutions they need to succeed in an increasingly competitive marketplace.

    For more, please visit: www.binahcap.com

    Contact:

    Binah Capital Investor Relations
    ir@binahcap.com

    Binah Capital Public Relations
    media@binahcap.com

    Non-GAAP Financial Measure

    EBITDA is a non-GAAP financial measure, defined as net income (loss) adjusted for depreciation expense, amortization, interest expense and income tax. The Company presents EBITDA because management believes that it can be a useful financial metric in understanding the Company’s earnings from operations. EBITDA is not a measure of the Company’s financial performance under GAAP or liquidity and should not be considered as an alternative to net income or any other performance measure derived in accordance with GAAP. The principal limitations of EBITDA are that it excludes certain expenses that are required by U.S. GAAP to be recorded in our consolidated financial statements. In addition, EBITDA is subject to inherent limitations as these metrics reflect the exercise of judgment by management about which expenses are excluded or included in determining EBITDA. A reconciliation of EBITDA to Net income, the most directly comparable GAAP measure, appears below.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be subject to the “safe harbor” created by those sections and other applicable laws. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors that could cause actual results to differ materially from such statements, many of which are outside the control of Binah. Forward-looking statements include, but are not limited to statements regarding: Binah’s financial and operational outlook; Binah’s operational and financial strategies, including planned growth initiatives and the benefits thereof, Binah’s ability to successfully effect those strategies, and the expected results therefrom. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “expect,” ‎‎”intend,” “anticipate,” “goals,” “prospects,” “will,” “would,” “will continue,” “will likely result,” and similar expressions (including the negative versions of such words or expressions).

    While Binah believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. The factors that could cause results to differ materially from those indicated by such forward-looking statements include, but are not limited to: our ability to comply with supervisory and regulatory compliance obligations, the risk we may be held liable for misconduct by our advisors; poor performance of our investment products and services; our ability to effectively maintain and enhance our brand and reputation; our ability to expand and retain our customer base; our future capital requirements and sources and uses of cash; the risk that an increase in government regulation of the industries and markets in which we operate could negatively impact our business; the impact of worldwide and regional political, military or economic conditions, including declines in foreign currencies in relation to the value of the U.S. dollar, hyperinflation, devaluation and significant political or civil disturbances in international markets; and the effectiveness of Binah’s control environment, including the identification of control deficiencies.

    These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties set forth in documents filed by Binah with ‎the U.S. Securities and Exchange Commission from time to time, including the Annual ‎Report on Form 10-K and Quarterly Reports on Form 10-Q and subsequent ‎periodic reports. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Binah cautions you not to place undue reliance on the ‎forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Binah assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Binah does not give any assurance that it will achieve its expectations.

    Binah Capital Group Consolidated Balance Sheet

    BINAH CAPITAL GROUP, INC.
    CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
    MARCH 31, 2025 AND DECEMBER 31, 2024
    (in thousands, except per share amounts)
                 
        Unaudited        
        March 31, 2025     December 31, 2024  
    ASSETS                
    Assets:                
    Cash, cash equivalents and restricted cash   $ 8,821     $ 8,486  
    Receivables, net:                
    Commission receivable     9,603       9,198  
    Due from clearing broker     565       873  
    Other     1,672       938  
    Property and equipment, net     511       599  
    Right of use assets     3,574       3,730  
    Intangible assets, net     933       1,021  
    Goodwill     39,839       39,839  
    Other assets     2,359       1,993  
                     
    Total Assets   $ 67,877     $ 66,677  
                     
    LIABILITIES AND STOCKHOLDERS’ EQUITY                
                     
    Liabilities:                
    Accounts payable, accrued expenses and other liabilities   $ 11,332     $ 10,208  
    Commissions payable     11,460       11,468  
    Operating lease liabilities     3,675       3,820  
    Notes payable, net of unamortized debt issuance costs of $702 and $739 as of March 31, 2025 and December 31, 2024, respectively     19,091       19,561  
    Promissory notes-affiliates     5,313       5,442  
                     
    Total Liabilities     50,870       50,499  
                     
    Mezzanine Equity:                
    Redeemable Series A Convertible Preferred Stock, par value $0.0001, 2,000,000 shares authorized, 1,572,000 and 1,555,000 shares outstanding at March 31, 2025 and December 31, 2024     15,121       14,947  
    Stockholders’ Equity:                
    Series B Convertible Preferred Stock, par value $0.0001, 500,000 shares authorized, 150,000 shares outstanding at March 31, 2025 and December 31, 2024     1,500       1,500  
    Common stock, $0.0001 par value, 55,000,000 authorized, 16,602,460 issued and outstanding at March 31, 2025 December 31, 2024     —       —  
    Additional paid-in-capital     22,606       22,984  
    Accumulated deficit     (22,220 )     (23,253 )
    Total Stockholders’ Equity and Mezzanine Equity     17,007       16,178  
                     
    TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY   $ 67,877     $ 66,677  


    Binah Capital Group Consolidated Statement of Operations

    BINAH CAPITAL GROUP, INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS
    FOR THE PERIODS ENDED MARCH 31, 2025 AND 2024
    (in thousands, except per share amounts)
           
        Three months ended March 31,  
        2025     2024  
    Revenues:            
    Revenue from Contracts with Customers:                
    Commissions   $ 41,141     $ 34,395  
    Advisory fees     6,916       5,685  
    Total Revenue from Contracts with Customers     48,057       40,080  
    Interest and other income     879       1,369  
                     
    Total revenues     48,936       41,449  
                     
    Expenses:                
    Commissions and fees     40,298       33,655  
    Employee compensation and benefits     4,351       3,457  
    Rent and occupancy     285       295  
    Professional fees     536       4,337  
    Technology fees     753       362  
    Interest     566       1,062  
    Depreciation and amortization     187       301  
    Other     503       (578 )
                     
    Total expenses     47,479       42,891  
                     
    Income (loss) before provision for income taxes     1,456       (1,442 )
                     
    Provision for income taxes     423       139  
                     
    Net income (loss)   $ 1,033     $ (1,581 )
                     
    Net income attributable to Legacy Wentworth Management Services LLC members     —       730  
                     
    Net income (loss) attributable to Binah Capital Group, Inc.   $ 1,033     $ (2,311 )
                     
    Net income (loss) per share basic and diluted   $ 0.06     $ (0.14 )
                     
    Weighted average shares: basic and diluted     16,602       16,566  


    Binah Capital Group Reconciliation of GAAP Net Income to EBITDA

    EBITDA is a non-GAAP financial measure. EBITDA is defined as net income plus interest expense, provision for income taxes, and depreciation and amortization. The Company presents EBITDA because management believes that it can be a useful financial metric in understanding the Company’s earnings from operations. EBITDA is not a measure of the Company’s financial performance under GAAP or liquidity and should not be considered as an alternative to net income or any other performance measure derived in accordance with GAAP.

    Below is a reconciliation of net income to EBITDA for the periods presented (in millions):

                 
        For the Three Months Ended March 31,  
    EBITDA Reconciliation   2025     2024  
    Net income (loss)   $ 1.0       (1.5 )
    Interest expense     0.6       1.1  
    Provision for income taxes     0.4       0.1  
    Depreciation and amortization     0.2       0.3  
    EBITDA   $ 2.2       (0.0 )

    _____________________________

    1Non-GAAP Financial Measures. EBITDA is a non-GAAP financial measure defined as net income (loss) adjusted for depreciation expense, amortization expense, interest expense, and income tax. See the section captioned “Non-GAAP Financial Measures” below for a detailed description and reconciliation of such Non-GAAP financial measures to their most directly comparable GAAP financial measures, as required by Regulation G.

    The MIL Network –

  • MIL-OSI USA: Durbin Calls On Trump White House To Honor Blue Slip Rule For U.S. Attorneys During Senate Judiciary Committee Executive Business Meeting

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    May 15, 2025

    During his remarks, Durbin also questioned the legal status of Ms. Pirro’s appointment to be Interim U.S. Attorney for the District of Columbia

    WASHINGTON – During today’s Senate Judiciary Committee executive business meeting,

    U.S. Senate Democratic Whip Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, called on the White House to work in good faith with Senators from both sides of the aisle to find U.S. Attorney candidates who will have home state support. Durbin cautioned that while this has been the case for filling some vacancies, not all Democratic Senators have been afforded the same opportunity to consult with the Trump White House.

    Durbin also noted that because of then-Senator J.D. Vance holding U.S. Attorney nominations during the Biden Administration, there is now a new precedent for roll call votes on the Floor for confirming U.S. Attorney nominees. For decades, the Senate confirmed U.S. Attorneys by voice vote or unanimous consent after they had been considered in the Judiciary Committee. That precedent changed during the Biden Administration when a Senate Republican refused to allow the Senate to confirm nearly a dozen Justice Department nominees by voice vote—the typical practice. During the first Trump Administration, all 85 of President Trump’s U.S. Attorney nominees moved through the Judiciary Committee and were confirmed by the Senate by unanimous consent.

    Finally, Durbin called out President Trump’s appointment of yet another Interim U.S. Attorney for the District of Columbia, Jeanine Pirro. In 2007, on a bipartisan basis, Congress passed legislation requiring that after an Interim U.S. Attorney had served for 120 days, the district court would fill the position until a permanent U.S. Attorney could be confirmed by the Senate. Durbin argued that President Trump’s appointment of Ms. Pirro is contrary to Congressional intent and undermines the Senate’s constitutional advice and consent role.

    Key Quotes:

    “A blue slip gives the Senators from the state where the appointment is being made the option of approving or disapproving. We are an integral part of that decision process. I think that is important, and we have to work hard to make sure it continues.”

    “I’m sorry to say that the White House is reaching out to individual Senators in a capacity that is not consistent with the blue slip. But if we are going to hold fast to that as a principle, I urge the White House to work on a bipartisan basis to help.”

    “I also want to say that I understand that Jeanine Pirro was sworn in yesterday to serve as Interim U.S. Attorney for the District of Columbia.”

    “For the record, [during] President Trump’s first term, over 80 U.S. Attorneys were appointed. No roll call votes in this Committee. No roll call votes on the Floor. They all went by voice vote.”

    “That world has changed because of the insistence of one Republican Senator…We are now required to take roll calls on each U.S. Attorney… because of former Senator and now Vice President Vance, [there is] a requirement [that] they also get a roll call vote on the floor.”

    “Now with this particular one, Jeanine Pirro, I’m concerned that this [her appointment] is not consistent with what we are trying to do. We wanted to give a President an option of an Interim U.S. Attorney while we, at the Senate level, deliberate, advise, and consent on a permanent appointment. That has been changed dramatically.”

    “Instead of 120 days, we now have a daisy chain situation where Ed Martin was [in office for] almost 120 days. He stepped aside. Jeanine Pirro comes in for her 120 days. I think that is a violation of what we were trying to achieve to give interim authority. Instead, what we have now is the possibility of repeated appointments over and over again for these interim positions.”

    “It means we, in the Senate, are giving up our constitutional authority and responsibility. That is a mistake.”

    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: A trial is testing ways to enforce Australia’s under-16s social media ban. But the tech is flawed

    Source: The Conversation (Au and NZ) – By Alexia Maddox, Senior Lecturer in Pedagogy and Education Futures, La Trobe University

    De Visu/Shutterstock

    Australia’s move to ban under-16s from social media is receiving widespread praise. Other countries, including the United Kingdom, Ireland, Singapore and Japan, are also now reportedly considering similar moves.

    The ban was legislated in November 2024 and is due to take effect in December 2025. The law says social media platforms can’t use official IDs such as passports to check Australian users’ ages, and shouldn’t track Australians. But it doesn’t specify the alternative.

    To test alternative methods, the federal government commissioned a trial of currently available technologies designed to “assure” people’s age online. Run by the Age Check Certification Scheme, a UK-based company specialising in testing and certifying identity verification systems, the trial is in its final stages. Results are expected at the end of June.

    So what are the technologies being trialled? Are they likely to work? And how might they – and the social media ban itself – alter the relationship all of us have with our dominant forms of digital communication?

    Dead ends for age verification

    Age verification confirms a person’s exact age using verified sources such as government-issued IDs. Age assurance is a broader term. It can include estimation techniques such as analysing faces or metadata to determine if users meet age requirements.

    In 2023 the federal government rejected mandating verification technologies for age-gating pornography sites. It found them “immature” with significant limitations. For example, database checks were costly and credit card verification could be easily worked around by minors.

    Nonprofit organisation Digital Rights Watch also pointed out that such systems were easily bypassed using virtual private networks – or VPNs. These are simple tools that hide a user’s location to make it seem like they are from a different country.

    Age assurance technologies bring different problems.

    For example, the latest US National Academies of Sciences report shows that facial recognition systems frequently misidentify children because their facial features are still developing.

    Improving these systems would require massive collections of children’s facial images. But international human rights law protects children’s privacy, making such data collection both legally and ethically problematic.

    Flawed testing of innovative tech?

    The age assurance technology trial currently includes 53 vendors hoping to win a contract for new innovative solutions.

    A range of technology is being trialled. It includes facial recognition offering “selfie-based age checks” and hand movement recognition technologies that claim to calculate age ranges. It also includes bespoke block chains to store sensitive data on.

    There are internal tensions about the trial’s design choices. These tensions centre on a lack of focus on ways to circumvent the technology, privacy implications, and verification of vendors’ efficacy claims.

    While testing innovation is good, the majority of companies and startups such as IDVerse, AgeCheck, and Yoti in the trial, will likely not hold clout over the major tech platforms in focus (Meta, Google and Snap).

    This divide reveals a fundamental problem: the companies building the checking tools aren’t the ones who must use them in the platforms targeted by the law. When tech giants don’t actively participate in developing solutions, they’re more likely to resist implementing them later.

    Google recently proposed storing ID documents in Google Wallet for age verification.
    nitpicker/Shutterstock

    Unresponsive tech companies

    Some major tech companies have shown little interest in engaging with the trial. For example, minutes from the trial’s March advisory board meeting reveal Apple “has been unresponsive, despite multiple outreach attempts”.

    Apple has recently outlined a tool to transmit a declared age range to developers on request. Apple suggests iOS will default the age assurance on Apple devices to under 13 for kids’ accounts. This makes it the responsibility of parents to modify age, the responsibility of developers to recognise age, and the responsibility of governments to legislate when and what to do with an assured age per market.

    Google’s recent Google Wallet proposal for age assurance also misses the mark on privacy concerns and usefulness.

    The proposal would require people over 16 to upload government-issued IDs and link them to a Google account. It would also require people trust Google not track where they go across the internet, via a privacy-preserving technology that remains a promise.

    Crucially, Meta’s social media platforms such as Facebook and Instagram also do not let you login with Google credentials. After all, they are competitors. This raises questions about the usefulness of Google’s proposal to assure age across social media platforms as part of the government’s under-16s ban.

    Meanwhile, Google is also suggesting AI chatbots should be directly targeted and available to children under 13, creating something akin to a “social network of one”, which are out of scope of the ban.

    Rather than engage with Australian age verification systems, companies such as Apple and Google are promoting their own solutions which seem to prioritise keeping or adding users to their services, or passing responsibility elsewhere.

    For the targeted platforms that enable online social interactions, delay in engagement fits a broader pattern. For example, in January 2025, Mark Zuckerberg indicated Meta would push back more aggressively against international regulations that threaten its business model.

    A shift in internet regulation

    Australia’s approach to banning under-16s from using social media marks a significant shift in internet regulation. Rather than age-gating specific content such as porn or gambling, Australia is now targeting basic communication infrastructure – which is what social media have become.

    It centres the problem on children being children, rather than on social media business models.

    The result is limiting childrens’ digital rights with experimental technologies while doing little to address the source of perceived harm for all of us. It prioritises protection without considering children’s rights to access information and express themselves. This risks leaving the most vulnerable children being cut off from digital spaces essential to their success.

    Australia’s approach puts paternal politics ahead of technical and social reality. As we get closer to the ban taking effect, we’ll see how this approach to regulate social communication platforms offers young people respite from the platforms their parents fear – yet continue to use everyday for their own basic communication needs.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. A trial is testing ways to enforce Australia’s under-16s social media ban. But the tech is flawed – https://theconversation.com/a-trial-is-testing-ways-to-enforce-australias-under-16s-social-media-ban-but-the-tech-is-flawed-256332

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Viral ‘Hongdae boy’ videos expose the fringe group of South Korean men trying to sleep with foreign women

    Source: The Conversation (Au and NZ) – By Joanna Elfving-Hwang, Associate Professor (Korean Society and Culture), Dean International (Korea), Curtin University

    Shutterstock

    If you’re on TikTok, you may have come across “Hongdae boys” or “Hongdae guys” recently. In a social media context, the term refers to a group of young South Korean men who prey on foreign women (particularly white women) visiting the Hongdae area in Seoul’s Mapo district.

    Largely made viral by popular South Korean TikToker Sean Solo (@itsseansolo) creating parodies of these men, Hongdae boys are depicted as men who make brazen (and slightly awkward) attempts at picking up unsuspecting tourists or foreign students.

    Some of these women, who are often viewed as sexually “available”, have sometimes been inspired by K-dramas or K-pop idols to visit Korea in search of the perfect South Korean boyfriend.

    So what’s behind the rise of Hongdae boy videos? And is Seoul turning into a place to avoid if you’re a young female traveller? Well, no. But Sean Solo’s parodies of this recognisable type of South Korean man shouldn’t be dismissed as purely comedy.

    A trend warranting further attention

    Much of the funny viral Hongdae boy content is aimed squarely at foreign audiences. In fact, your average South Korean is more likely to associate the phrase “Hongdae man” (Hongdae namja) with the “Hongdae look” that showcases carefully curated streetwear inspired by hip-hop, rap and vintage elements.

    Hongdae, a famous nightlife spot, is very popular with foreign visitors and South Korean students. In the 1990s it became the cradle of the underground and indie music scene, and remains a buzzing centre for arts and culture.

    Come nighttime, however, it has a reputation for becoming hookup central. There are even “hunting bars” (hunting pocha) where single men and women can go to try and find a match.

    While Hongdae guys are by no means representative of all Korean men (a point Sean Solo emphasises) the fact these men exist, and have become a recognisable part of Hongdae’s nightlife, speaks to serious broader issues of misogyny and gendered thinking.

    Ongoing issues for South Korean women

    South Korea has a reputation for being socially conservative, and K-dramas have emphasised this squeaky clean image. But in recent years, a growing number of South Korean women have spoken out about issues of sexual harassment and violence, including a crisis of digital sex crimes.



    Read more:
    AI is fuelling a deepfake porn crisis in South Korea. What’s behind it – and how can it be fixed?

    This has led to public demonstrations expanding on the global #MeToo movement.

    We’ve also seen the rise of the so-called 4B movement (also called the “Four Nos”). Described as more of an individual lifestyle choice rather than an organised movement, the aim of 4B is to push back against societal standards imposed on South Korean women regarding marriage, childbirth and relationships.

    As Asian studies expert Min Joo Lee notes, foreign women who are married to Korean men and living in Korea are often exoticised as dutiful housewives aspiring for “tradition”, while South Korean women are seen as troublesome and demanding.

    Gender equality issues have also been used as a political football by some politicians. For instance, recently impeached President Suk Yeol Yoon’s 2022 presidential campaign relied on a narrative of male disempowerment to mobilise the vote of young, disaffected men.

    Another setback came in late 2023, when the Supreme Court delivered a final verdict in a case deemed significant for the country’s #MeToo movement. It involved Seo Ji-hyun, a former prosecutor who, in 2018, filed a lawsuit seeking damages against a former male senior prosecutor who she accused of sexual harassment and abuse of power. The court dismissed her claims.

    Foreign fantasies and reality

    For foreign women unaware of South Korea’s gender inequality issues, and who expect the sugar-coated image of Korean men they’ve seen in K-pop or K-dramas, the reality of the hookup culture may come as a shock.

    The disjuncture between reality and the foreign fantasy of South Korea has increasingly been of interest to social commentators and researchers like myself. My own research on the topic has identified a kind of “global Koreanness” that has taken on a life of its own in the imaginations of non-Korean fans overseas.

    The Hongdae boy narrative is similar to the 4B movement in that it is fuelled by attention from outside South Korea. While the 4B movement was widely reported in Western media, it was driven by a relatively small group of courageous women who didn’t actually get mainstream attention in South Korea.

    Nonetheless, having a spotlight on these women still amplified their struggle to fight back against gendered ideas of what’s expected of them. These are ideologies that might treat them as objects to be looked at and “consumed” (such as with K-pop idols), or expect them to prioritise marriage and childbearing, over their own careers, to address a declining population.

    Hongdae boy videos, both comedic and otherwise, may have a similar effect. They’re drawing attention to the gendered expectations many South Korean women face, and the ways in which they are dismissed in their pursuit for equality.

    Joanna Elfving-Hwang receives funding from the Core University Program for Korean Studies through the Ministry of Education of the Republic of Korea and Korean Studies Promotion Service of the Academy of Korean Studies (AKS-2022-OLU-2250005).

    – ref. Viral ‘Hongdae boy’ videos expose the fringe group of South Korean men trying to sleep with foreign women – https://theconversation.com/viral-hongdae-boy-videos-expose-the-fringe-group-of-south-korean-men-trying-to-sleep-with-foreign-women-256475

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: So your primary school child has a ‘boyfriend’ or ‘girlfriend’. Should you be worried?

    Source: The Conversation (Au and NZ) – By Cher McGillivray, Assistant Professor in Psychology, Bond University

    Karhut/Shutterstock

    If you have a child in primary school you may not be expecting to help them manage romantic relationships. Surely this is an issue for the high school years?

    While young children do not experience romantic love in an adult sense, they can still express interest in having a “boyfriend” or “girlfriend”. Some children may talk about a “crush” or even say they are “dating” another child.

    Is this normal? Why do kids do this? And what are some healthy boundaries to talk about?

    Why do kids do this?

    It is quite normal for children in primary school to engage in playful relationships or express interest in having crushes or a “boyfriend” or “girlfriend”.

    This is a way for children to explore their world.

    At this stage of their development, different types of social interactions help children work out emotions and social norms in a safe and imaginative way. It also helps them practice social bonding (how we form close attachments to others) and understanding interpersonal dynamics.

    So, just as children might play games such as “mums and dads” or “sisters and brothers”, they might also play at having a boyfriend or girlfriend, or even stage a mock wedding ceremony.

    Are there other reasons?

    Children are of course also influenced by the movies, fairy tales, books and the TV they consume and by watching older siblings or students at school.

    Seeing Ariel and Prince Eric fall in love in The Little Mermaid may prompt children to act this out. Similarly they might act “spinjistu” moves in the playground after watching Ninjago.

    Psychologist Erik Erikson has also suggested children aged 5–12 are at a stage where they seek approval from adults and peers (approval from friends becomes even more important in high school). Having a “boyfriend” or “girlfriend” may be a way for children to feel socially competent and accepted.

    There could also be peer pressure involved. For example, “all the other Year 4 kids have a boyfriend at the moment, so I will have one too”.

    Children can be influenced by movies or stories they consume. And then act them out in play.
    Altrendo Images/ Shutterstock

    So what are some healthy boundaries to encourage?

    While playing at having boyfriends or girlfriends is quite normal during pre-puberty, it’s important to make sure children are staying within healthy boundaries.

    If they are expressing physical affection – such as hugging or holding hands – it’s important this is appropriate and everyone is consenting. The old playground game of “catch and kiss” is no longer OK, given kisses are effectively being forced on the player who is caught.

    Once children start puberty, childlike feelings of attachment can give way to romantic feelings and more intense relationships. This is when you might start to see children having “proper” relationships.

    At any stage of development, keep talking about what consent looks like, feels like and sounds like. This will vary depending on their age, but the basic principles remain the same.

    Throughout these conversations, emphasise no one ever has to do anything or be in a situation that makes them uncomfortable.

    Keep talking to your child about the importance of only touching friends or other people if they indicate it is OK.
    Monkey Business Images/ Shutterstock

    How can you talk to your child?

    When you are talking to your child, do not to make fun of their feelings or be angry with them.

    If they are exploring their feelings or being curious about relationships, it’s important they feel safe to do so without judgement. They should be able to talk about big or complex things without shame, embarrassment or fear of getting in trouble. Remember, a certain behaviour may not be appropriate, but the child themselves is not “weird” or “bad”.

    If a child feels as though they can’t talk about these feelings or issues, they may feel as thought they are the problem or they are “wrong”. This can lead to poor self-esteem.

    You could ask “what do you like about that friend?” to try and remove the label of boyfriend or girlfriend. It could help to talk about your own experiences, for example, “I had a few close friends in primary school and we did everything together rather than having a ‘boyfriend’ or ‘girlfriend’”.

    If you are worried something inappropriate is happening, you can talk to the parent of the other child or the school to get them to help encourage new boundaries for all the children involved.

    Cher McGillivray 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. So your primary school child has a ‘boyfriend’ or ‘girlfriend’. Should you be worried? – https://theconversation.com/so-your-primary-school-child-has-a-boyfriend-or-girlfriend-should-you-be-worried-256111

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: Meet the Space Ops Team: Christine Braden

    Source: NASA

    Christine Braden values new experiences that broaden her perspective; a mindset that has guided her 26-year career at NASA’s Johnson Space Center in Houston, where she currently serves as a senior systems engineer in the Commercial Low Earth Orbit Development Program. In her role, Braden works with engineering teams to develop commercial space stations that will prioritize the safety of astronauts while maximizing cost-effectiveness and the scientific research capabilities onboard. 
    Managed by NASA’s Space Operations Mission Directorate, the program supports the development of commercially owned and operated space stations in low Earth orbit from which the agency, along with other customers, can purchase services and stimulate the growth of commercial activities in space. Designing and developing these space stations is the first step of NASA’s two-phase approach, enabling the agency to certify stations and procure services as one of many customers.
    With a bachelor’s degree in Technical Management from Embry-Riddle Aeronautical University, Braden brings a strong engineering foundation to her work. However, her role unique because it allows her to merge technical expertise with her creative instincts. 
    “My team must think outside the box to define new ways that ensure that the commercial providers’ technical integrations, requirements, development, and operations are designed to the highest degree possible,” said Braden.
    Recently, she proposed a certification and systems engineering architecture that redefines how companies will interface with NASA and each other in an evolving landscape. Braden’s hybrid approach strikes a balance, allowing companies to innovate while favoring shared assurance and accountability. It also gives NASA situational awareness of the companies’ design, tests, mission, and operational approaches. As a result of her efforts, Braden was recognized with an “On the Spot” award.

    Looking ahead, Braden envisions a world where commercial space stations are a hub for science and technology, spacecraft are more efficient, spaceflight is more accessible, humans are back on the Moon, and Mars is the next frontier. In reflecting on these agency-wide goals, Braden finds that working with passionate team members makes her day-to-day work truly special and enjoyable.
    “I am a part of a small, close-knit team that works together to make these advancements in space exploration happen for the world,” said Braden. “Working at NASA is a once-in-a-lifetime opportunity that not only defines my working life going forward but also provides me with an experience I can share with some truly amazing people.” 

    Christine Braden
    Senior Systems Engineer, Commercial Low Earth Orbit Development Program

    Outside of work, Braden is inspired by her faith, which encourages her to see things from new perspectives and try to understand people from all walks of life. Additionally, Braden is a lifelong learner who loves listening to podcasts, watching documentaries, and reading web articles. She is eager to learn everything from music and dance to plants and animals. 
    “When I look through scientific websites where new planets and galaxies are discovered, it makes me think of ways humanity may expand itself to the stars, and ways that we can preserve the life we have here on Earth,” said Braden.
    On the topic of preservation, one of Braden’s many hobbies is antique restoration. “It reminds me of my dad and grandfather restoring homes together during my childhood and gives me hope that I can inspire my children as they watch me follow in our family’s footsteps,” said Braden. Her other hobbies include gardening and family activities such as puzzles, board games, watching television, playing video games, hunting, and traveling.
    As a driven individual known for her creativity and curiosity, Braden’s fresh ideas and spirit are key in guiding the agency’s progress into new frontiers. 
    NASA’s Space Operations Mission Directorate maintains a continuous human presence in space for the benefit of people on Earth. The programs within the directorate are the hub of NASA’s space exploration efforts, enabling Artemis, commercial space, science, and other agency missions through communication, launch services, research capabilities, and crew support.
    To learn more about NASA’s Space Operation Mission Directorate, visit: 
    https://www.nasa.gov/directorates/space-operations

    MIL OSI USA News –

  • MIL-OSI: Intermap Announces First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    Company reports first quarter 2025 revenue growth of 153% with 28% pro-forma adjusted EBITDA margin

    Confirms projected 2025 revenue of $30–35 million and 28% EBITDA margin

    Conference call today at 5:00 pm ET to discuss results

    DENVER, May 15, 2025 (GLOBE NEWSWIRE) — Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial services and intelligence solutions, today announced first quarter 2025 results and affirmed 2025 guidance.

    For the first quarter ending March 31, 2025

    • Total revenue of $4.3 million, compared with $1.7 million in the first quarter of 2024
    • Acquisition Services revenue of $2.4 million versus $478 thousand in the year-ago quarter
    • Value-added Data revenue of $514 thousand versus $266 thousand in the year-ago quarter
    • Software and Solutions revenue of $1.3 million, compared with $942 thousand in the first quarter of 2024
    • 28% pro-forma adjusted EBITDA margin versus 25% in the first quarter of 2024
      • Intermap invested to support permitting and pursuit costs on behalf of its partners for follow-on awards
    • Pro-forma net income of $833 thousand, compared with a net loss of $839 thousand in the first quarter of 2024
    • Total assets of $19.2 million versus $11.9 million on December 31, 2024
    • Cash, unbilled and A/R totaled $13.9 million versus $6.5 million on December 31, 2024

    “We’re seeing strong momentum across our government and commercial segments,” said Patrick A. Blott, Intermap Chairman and CEO. “With multiyear partnerships, federal contracts and a strengthened balance sheet, we’re benefiting from growing customer confidence and positioning the Company for recurring revenue with long-term growth. We are pleased to affirm our 2025 guidance.”

    Q1 Government Milestones
    In the government sector, Intermap’s team, led by CACI, was selected as a vendor for the National Geospatial-Intelligence Agency’s $200 million Luno B IDIQ contract. When combined with the previously announced Luno A award, the addressable opportunity totals $500 million. The first task orders have begun to be issued and Intermap is well positioned with superior proprietary source data and analytics located over difficult areas of the world inaccessible by optical satellites. This positions Intermap to compete for federal work over the next five years and expand its role in delivering advanced geospatial intelligence to support national security.

    Intermap continued to execute Phase 1 of Indonesia’s national mapping initiative, delivering high-resolution 3D elevation and feature data exceeding specifications in a shorter timeframe than planned. The Company is pursuing follow-on awards under Phase 2 of the $653 million World Bank–funded ILASP project, which supports land administration and spatial planning. With the Indonesian government prioritizing large-scale base maps for national development, Intermap’s Phase 1 performance positions it strongly for continued participation. The Company’s advanced technology and proven execution align with the project’s goals, including expansion into Java, Kalimantan and other key regions.

    As part of the Indonesian mapping program during the quarter, Intermap incurred charges for permitting, currency adjustment and working capital investment to support large government milestone payments, which were subsequently collected in April 2025, after the quarter end. In addition, Intermap incurred pursuit costs related to upcoming contracts. When the partner-related charges and pursuit costs are added back, pro-forma Adjusted EBITDA and earnings for the first quarter were $1.2 million and $833 thousand, respectively. To further mitigate exchange risks, Intermap entered into foreign currency hedging and arrangements with its local prime partner to pay IDR subcontractors. Going forward, currency risk and hedging costs are mitigated by World Bank funding, which will be denominated and fixed in U.S. dollars.

    During the quarter, Intermap was down-selected after a competitive process for a new U.S. Defense Advanced Research Project (DARPA) program to support priority DARPA investments targeted to leverage Intermap’s unique commercial capabilities, commercialization expertise, proprietary internal research and development and growth capital support. This program extends Intermap’s own upgrade efforts and capital with sponsored access to additional government-funded, cutting-edge applied geospatial technologies, advanced research and development, next-generation geospatial products and emerging dual-use companies on contract with DARPA. The Company is currently working with multiple customers using Intermap data and technology for real-time terrain matching to power long-range autonomous systems. More information about this important award will follow as contracting is finalized.

    Q1 Commercial Achievements
    Intermap began 2025 with strong performance in its insurance business, securing over $1.1 million in new and renewed contracts. It signed two major multiyear partnerships with a leading European bank-insurance group and PREMIUM Insurance. Both adopted Intermap’s Aquarius RMA platform, reinforcing the Company’s position as a key provider of AI-driven geospatial solutions for multi-peril and flood risk assessment.

    During the first quarter, the Company significantly expanded its partnership with a major global space infrastructure operator, which has increased its investment in the Company’s high-precision 3D elevation data with Intermap’s NEXTMap® solution. This expansion supports the operator’s use of the data for radio frequency interference modeling and optimizing site selection across diverse geographies. In 2024, the operator acquired 10 times as many projects as the previous year, driving a 6.4x increase in revenue. Early 2025 projects are nearly three times larger than the average size in 2024, with points of presence growing rapidly, reflecting the growing scale of the initiative. This rapid expansion demonstrates the operator’s growing reliance on Intermap’s best-in-class data.

    The Company also renewed its subscription partnership with a leading provider of GPS-enabled golf technology. Now entering its fourth year, the collaboration utilizes Intermap’s high-resolution 3D elevation data to map more than 40,000 golf courses globally, delivering immersive, real-time virtual experiences for golfers. This data powers advanced features such as swing metrics, ball flight analytics and detailed course visualizations—accessible from homes, backyards and practice ranges. Driven by strong user growth, the partnership is expanding to include a new generation of golf products built on Intermap’s proprietary terrain models, where Intermap is compensated alongside the customer for growing user data consumption. With 78% of core golfers using at least one golf app, Intermap’s data remains a key enabler of the evolving digital golf experience.

    Q1 Financing
    To fund growth, Intermap raised C$12 million in February. The capital strengthens the Company’s ability to execute on its expanding pipeline and scale delivery of high-value contracts.

    Outlook
    Intermap confirms projected 2025 revenue of $30–35 million and 28% EBITDA margin.

    Intermap does not provide quarterly guidance. The Company has tremendous installed capacity, providing a competitive advantage for speed of execution. Intermap’s customers are large global institutions and governments with long procurement and decision-making cycles. Intermap has the proven ability and track record to increase operational efficiency and tempo once under contract to meet aggressive timelines consistent with customer requirements.

    Intermap will continue building recurring revenue by enabling customers to consume the world’s most precise GEOINT terrain data products at global scale, as-a-service, provisioned within seconds, consuming only the points they need, when and where they need them. While penetrating deeper into its targeted markets, Intermap is also enabling new users and new use-cases, and its financial results highlight the persistent recurring revenue and high growth embedded in this attractive business model.

    Quarterly Filing
    The Company’s consolidated financial statements for the quarter ended March 31, 2025, along with management’s discussion and analysis for the corresponding period and related management certifications for the first quarter financial results, will be filed on SEDAR+ at www.sedarplus.ca and on the SEC’s EDGAR website at SEC.gov on May 15, 2025.

    Adjusted EBITDA is a non-GAAP measure. The term earnings before interest, taxes, depreciation and amortization (EBITDA) consists of net loss and excludes interest (financing costs), taxes, and depreciation. Adjusted EBITDA also excludes share-based compensation, fair value adjustments and foreign currency translation. See “Reconciliation of Non-GAAP Measures” in Company’s Management’s Discussion and Analysis filed on SEDAR+ at www.sedarplus.ca and on the SEC’s EDGAR website at SEC.gov.

    Conference Call Details
    Intermap’s CEO Patrick A. Blott and CFO Jennifer Bakken will host a live webinar today, at 5:00 pm ET to review the results, provide Company updates and answer investor questions following the presentation.

    Intermap invites shareholders, analysts, investors, media representatives and other stakeholders to attend the earnings webinar to discuss the first quarter of 2025 results.

    DATE Thursday, May 15, 2025
    TIME 5:00 pm ET
    WEBCAST Register

    Learn more about Intermap here.

    Intermap Reader Advisory 
    Certain information provided in this news release, including reference to revenue growth, EBITDA margin, future contracting, constitutes forward-looking statements. The words “anticipate”, “expect”, “project”, “estimate”, “forecast”, “will be”, “will consider”, “intends” and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap’s forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap’s Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.

    About Intermap Technologies 

    Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQB: ITMSF) is a global leader in geospatial intelligence solutions, focusing on the creation and analysis of 3D terrain data to produce high-resolution thematic models. Through scientific analysis of geospatial information and patented sensors and processing technology, the Company provisions diverse, complementary, multi-source datasets to enable customers to seamlessly integrate geospatial intelligence into their workflows. Intermap’s 3D elevation data and software analytic capabilities enable global geospatial analysis through artificial intelligence and machine learning, providing customers with critical information to understand their terrain environment. By leveraging its proprietary archive of the world’s largest collection of multi-sensor global elevation data, the Company’s collection and processing capabilities provide multi-source 3D datasets and analytics at mission speed, enabling governments and companies to build and integrate geospatial foundation data with actionable insights. Applications for Intermap’s products and solutions include defense, aviation and UAV flight planning, flood and wildfire insurance, disaster mitigation, base mapping, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas and transportation. 

    For more information, please visit www.intermap.com or contact:
    Jennifer Bakken
    Executive Vice President and CFO
    CFO@intermap.com
    +1 (303) 708-0955

    Sean Peasgood
    Investor Relations
    Sean@SophicCapital.com
    +1 (647) 260-9266

    The MIL Network –

  • MIL-OSI: AvePoint to Participate in June Investor Conferences

    Source: GlobeNewswire (MIL-OSI)

    JERSEY CITY, N.J., May 15, 2025 (GLOBE NEWSWIRE) — AvePoint (Nasdaq: AVPT), the global leader in data security, governance and resilience, today announced that members of the Company’s executive management team will present at the William Blair 45th Annual Growth Stock Conference in Chicago, Illinois. The presentation is scheduled for Wednesday, 6/4, at 8:00am CT.

    In addition, AvePoint will attend the following investor conferences:

    • Baird 2025 Global Consumer, Technology & Services Conference (New York, NY): Tuesday, 6/3
    • D.A. Davidson 2025 Consumer & Technology Conference (Nashville, TN): Tuesday, 6/10
    • Northland Growth Conference (Virtual): Wednesday, 6/25

    A live and archived audio webcast of the William Blair presentation will be available on the AvePoint Investor Relations website.

    About AvePoint:

    Beyond Secure. AvePoint is the global leader in data security, governance, and resilience, going beyond traditional solutions to ensure a robust data foundation and enable organizations everywhere to collaborate with confidence. Over 25,000 customers worldwide rely on the AvePoint Confidence Platform to prepare, secure, and optimize their critical data across Microsoft, Google, Salesforce, and other collaboration environments. AvePoint’s global channel partner program includes approximately 5,000 managed service providers, value-added resellers, and systems integrators, with our solutions available in more than 100 cloud marketplaces. To learn more, visit www.avepoint.com.

    Forward-Looking Statements:

    This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and other federal securities laws including statements regarding the future performance of and market opportunities for AvePoint. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar 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. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive and regulated industries in which AvePoint operates, variations in operating performance across competitors, changes in laws and regulations affecting AvePoint’s business and changes in AvePoint’s ability to implement business plans, forecasts, and ability to identify and realize additional opportunities, and the risk of downturns in the market and the technology industry. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of AvePoint’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Copies of these and other documents filed by AvePoint from time to time are available on the SEC’s website, www.sec.gov . These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and AvePoint does not assume any obligation and does not intend to update or revise these forward-looking statements after the date of this release, whether as a result of new information, future events, or otherwise, except as required by law. AvePoint does not give any assurance that it will achieve its expectations. Unless the context otherwise indicates, references in this press release to the terms “AvePoint,” “the Company,” “we,” “our” and “us” refer to AvePoint, Inc. and its subsidiaries.

    Disclosure Information:

    AvePoint uses the https://www.avepoint.com/ir website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

    Investor Contact
    AvePoint
    Jamie Arestia
    ir@avepoint.com
    (551) 220-5654

    Media Contact
    AvePoint
    Nicole Caci
    pr@avepoint.com
    (201) 201-8143

    The MIL Network –

  • MIL-OSI: Expion360 Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Q1 2025 Revenue Growth of 111% Driven by New Products and Technologies

    5th Consecutive Quarter of Robust Revenue Growth

    Began Shipping e360 Home Energy Storage Solutions

    REDMOND, Ore., May 15, 2025 (GLOBE NEWSWIRE) — Expion360 Inc. (Nasdaq: XPON) (“Expion360” or the “Company”), an industry leader in lithium-ion battery power storage, today reported its financial and operational results for the first quarter ended March 31, 2025.

    First Quarter 2025 & Subsequent Financial & Operational Highlights

    • Q1 2025 revenue totaled $2.0 million, up 111% from Q1 2024, and 3% sequentially from Q4 2024.
    • 5th consecutive quarter of sequential revenue growth.
    • Began fulfilling purchase orders for our e360 Home Energy Storage Solutions (“HESS”).
    • Closed a $2.6 million registered direct offering and private placement priced at the market under Nasdaq rules.

    Management Commentary

    “The first quarter of 2025 was underscored by continued strong revenue momentum, margin expansion and a strengthened balance sheet as we focus on entering into new OEM partnerships and distributor relationships and building our Home Energy Storage Solutions vertical,” said Brian Schaffner, Chief Executive Officer and Interim Chief Financial Officer of Expion360. “Revenue grew 111% year over year to $2.0 million, and sequentially for a fifth consecutive quarter from Q4 2024 on a rebounding RV market. Results for the RV Industry Association’s (RVIA) March 2025 survey of manufacturers found that total RV shipments increased 14% in the first quarter of 2025. We believe the RV market will continue to gain ground through 2025, with shipments increasing throughout the year.

    “In January, we began production shipments for our HESS products. The LiFePO4 battery HESS enables residential and small business customers to create their own stable micro-energy grid and lessen the impact of increasing power fluctuations and outages. HESS is designed with adaptability in mind, ready to evolve alongside changing energy requirements. We also anticipate HESS will benefit from incentives available through California’s Self-Generation Incentive Program and federal tax credits, and we are working on additional orders in 2025.

    “Operationally during the quarter, we took the opportunity to prepare for continued growth and tariff mitigation by adding 6-12 months of inventory early in the quarter, before new tariffs were introduced. We are also working to diversify our supply chain with potential sourcing from additional countries and have undertaken several initiatives to increase margins and reduce costs within our current line of batteries. Our long-term goal is to onshore to the U.S. manufacturing of most of our components and assemblies, including cell manufacturing. To that end, we continue to work with NeoVolta to combine our strengths toward a potential collaboration that aims to engineer a US-based state-of-the-art battery manufacturing facility and develop innovative lithium-ion battery cell and module product designs.

    “Looking ahead, we are successfully executing on our efforts to expand sales across our product portfolio and new Home Energy Storage Solutions vertical. With a strengthened balance sheet from a recent $2.6 million registered direct offering and private placement, we believe we are well positioned to continue our growth initiatives to add OEM partnerships and distributors, further develop HESS, and introduce new technologies and batteries. With substantial purchase orders already in hand and additional new customers expressing interest across our product line, we look forward to announcements of additional milestones in the months ahead and expect our quarterly sequential growth to continue,” concluded Mr. Schaffner.

    First Quarter 2025 Financial Summary

    Revenue in the first quarter of 2025 totaled $2.0 million, an increase of 111% from $1.0 million in the prior year period. The increase in net sales was due, in part, to a rebound in the RV market overall, as well as completing our first sales in the home energy market.

    Gross profit in the first quarter of 2025 totaled $0.5 million, or 25% of revenue, as compared to $0.2 million or 23% of revenue in the prior year period and 21% of revenue for the full fiscal year ended December 31, 2024. The increase was primarily attributable to the increase in sales and lower cost of goods sold as a percentage of sales.

    Selling, general and administrative expenses in the first quarter of 2025 decreased 25% to $1.6 million compared to $2.2 million in the prior year period. The decrease was primarily due to decreases in salaries and benefits, including lower non-cash stock-based compensation, as well as reduction in headcount. Legal and professional fees also had a significant decrease, as did rent expense due to terminating the lease on our second warehouse.

    Net loss in the first quarter of 2025 totaled $1.2 million, a 48% improvement from a net loss of $2.2 million in the prior year period. The decrease in net loss was primarily the result of higher net sales for the period ended March 31, 2025 combined with a decrease in selling, general, and administrative expenses.

    Cash and cash equivalents totaled $1.1 million as of March 31, 2025, compared to $0.5 million as of December 31, 2024. On January 3, 2025, the Company closed a $2.6 million registered direct offering and private placement priced at the market under Nasdaq rules.

    Net cash used in operating activities totaled $1.2 million for the three months ended March 31, 2025, compared to $1.7 million in the prior year period. Receiving inventory that was prepaid during the prior period accounted for a large portion of the change for the three months ending March 31, 2025, as well as making payments to decrease our suspended liability.

    First Quarter 2025 Results Conference Call

    Brian Schaffner, Chief Executive Officer and Interim Chief Financial Officer of Expion360, will host the conference call, followed by a question-and-answer period. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed via the investor relations section of the Company’s website here.

    To access the call, please use the following information:

    A telephone replay will be available approximately three hours after the call and will remain available through May 29, 2025, by dialing 1-844-512-2921 from the U.S., or 1-412-317-6671 from international locations, and entering replay pin number: 10199138. The replay can also be viewed through the webcast link above and the presentation utilized during the call will be available via the investor relations section of the Company’s website here.

    About Expion360

    Expion360 is an industry leader in premium lithium iron phosphate (LiFePO4) batteries and accessories for recreational vehicles, marine applications, Light EV and residential energy storage.

    The Company’s lithium-ion batteries feature half the weight of standard lead-acid batteries while delivering three times the power and ten times the number of charging cycles. Expion360 batteries also feature better construction and reliability compared to other lithium-ion batteries on the market due to their superior design and quality materials. Specially reinforced, fiberglass-infused, premium ABS and solid mechanical connections help provide top performance and safety. With Expion360 batteries, adventurers can enjoy the most beautiful and remote places on Earth even longer.

    The Company is headquartered in Redmond, Oregon. Expion360 lithium-ion batteries are available today through more than 300 dealers, wholesalers, private-label customers, and OEMs across the country. To learn more about the Company, visit expion360.com.

    Forward-Looking Statements

    The foregoing material may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company’s business prospects, and can be identified by the use of words such as “may,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue” or the negative versions of those words or other comparable words. Forward-looking statements included in this press release include, but are not limited to, statements relating to the Company’s beliefs, plans, and expectations about its operations, product development and pipeline, growth prospects, market expectations and opportunity, the availability of incentives and tax credits, potential partnership with NeoVolta, and growth expectations. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, performance, or achievements. Except as required by applicable law, including the security laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

    Company Contact:
    Brian Schaffner, CEO and Interim CFO
    541-797-6714
    Email Contact

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

     
     EXPION360 INC.
    BALANCE SHEETS
     
        As of March
    31, 2025
    (Unaudited)    		   As of
    December 31,
    2024
    Assets                
    Current Assets                
    Cash and cash equivalents   $ 1,092,607     $ 547,565  
    Accounts receivable, net     592,625       613,022  
    Inventory     6,036,033       4,831,461  
    Prepaid/in-transit inventory     149,541       1,612,686  
    Prepaid expenses and other current assets     208,373       236,461  
    Total current assets     8,079,179       7,841,195  
                     
    Property and equipment     909,603       914,081  
    Accumulated depreciation     (460,866 )     (430,191 )
    Property and equipment, net     448,737       483,890  
                     
    Other Assets                
    Operating leases – right-of-use asset     689,046       754,832  
    Deposits     25,471       27,471  
    Total other assets     714,517       782,303  
    Total assets   $ 9,242,433     $ 9,107,388  
                     
    Liabilities and stockholders’ equity                
    Current liabilities                
    Accounts payable   $ 367,457     $ 338,091  
    Customer deposits     41,920       48,474  
    Accrued expenses and other current liabilities     196,874       187,464  
    Current portion of operating lease liability     255,676       256,153  
    Current portion of long-term debt     31,275       31,758  
    Suspended Liability     4,485,948       4,985,948  
    Total current liabilities     5,379,150       5,847,888  
                     
    Long-term debt, net of current portion and discount     190,564       198,412  
    Operating lease liability, net of current portion     476,115       542,764  
    Total liabilities   $ 6,045,829     $ 6,589,064  
                     
    Stockholders’ equity                
    Preferred stock, par value $0.001 per share; 20,000,000 shares authorized; 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively     —       —  
    Common stock, par value $0.001 per share; 200,000,000 shares authorized; 3,144,468 and 2,096,082 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively     3,144       2,096  
    Additional paid-in capital     38,920,698       37,091,468  
    Accumulated deficit     (35,727,238 )     (34,575,240 )
    Total stockholders’ equity     3,196,604       2,518,324  
    Total liabilities and stockholders’ equity   $ 9,242,433     $ 9,107,388  
     
    EXPION360 INC.
    STATEMENTS OF OPERATIONS (UNAUDITED)
     
        For the Three Months Ended March 31,
        2025   2024
    Net sales   $ 2,049,331     $ 971,859  
    Cost of sales     1,547,764       749,337  
    Gross profit     501,567       222,522  
    Selling, general and administrative     1,649,435       2,189,475  
    Loss from operations     (1,147,868 )     (1,966,953 )
                     
    Other (income) / expense:                
    Interest income     (1 )     (26,865 )
    Interest expense     5,668       253,286  
    (Gain) / Loss on sale of property and equipment     (1,625 )     306  
    Other (income) / expense     50       (1,200 )
    Total other expense     4,092       225,527  
    Loss before taxes     (1,151,960 )     (2,192,480 )
                     
    Franchise taxes     38       460  
    Net loss   $ (1,151,998 )   $ (2,192,940 )
                     
    Net loss per share (basic and diluted)   $ (0.37 )   $ (31.30 )
    Weighted-average number of common shares outstanding     3,109,522       70,057  
     
    EXPION360 INC.
    STATEMENTS OF CASH FLOWS (UNAUDITED)
     
        For the Three Months Ended March 31,
        2025   2024
    Cash flows from operating activities                
                     
    Net loss   $ (1,151,998 )   $ (2,192,940 )
    Adjustments to reconcile net loss to net cash provided by (used in) operating activities:                
    Depreciation     34,028       49,444  
    Amortization of convertible note costs     —       166,786  
    (Gain) / Loss on sale of property and equipment     (1,625 )     306  
    Stock-based compensation     50,721       315,853  
                     
    Changes in operating assets and liabilities:                
    (Increase) / Decrease in accounts receivable     20,397       (83,986 )
    (Increase) / Decrease in inventory     (1,204,572 )     44,773  
    Decrease in prepaid/in-transit inventory     1,463,145       45,137  
    (Increase) / Decrease in prepaid expenses and other current assets     28,088       (43,753 )
    Decrease in deposits     2,000       —  
    Increase / (Decrease) in accounts payable     29,366       (4,565 )
    Decrease in customer deposits     (6,554 )     (6,497 )
    Increase in accrued expenses and other current liabilities     9,410       33,669  
    Increase / (Decrease) in right-of-use assets and lease liabilities     (1,340 )     3,855  
    Decrease in suspended liability     (500,000 )     —  
    Net cash used in operating activities     (1,228,934 )     (1,671,918 )
                     
    Cash flows from investing activities                
    Purchases of property and equipment     —       (10,550 )
    Net proceeds from sale of property and equipment     2,750       87,684  
    Net cash provided by investing activities     2,750       77,134  
                     
    Cash flows from financing activities                
    Principal payments on convertible note     —       (43,575 )
    Principal payments on long-term debt     (8,331 )     (93,855 )
    Principal payments on stockholder promissory notes     —       (62,500 )
    Net proceeds from exercise of warrants     —       (4 )
    Net proceeds from issuance of common stock     1,779,557       125,153  
    Net cash provided by / (used in) financing activities     1,771,226       (74,781 )
                     
    Net change in cash and cash equivalents     545,042       (1,669,565 )
    Cash and cash equivalents, beginning     547,565       3,932,698  
    Cash and cash equivalents, ending     1,092,607       2,263,133  

    The MIL Network –