Category: Entertainment

  • MIL-OSI China: Full Text: President Xi’s keynote speech at the opening ceremony of the fourth ministerial meeting of the China-CELAC Forum

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

    Full Text: President Xi’s keynote speech at the opening ceremony of the fourth ministerial meeting of the China-CELAC Forum

    BEIJING, May 13 — Chinese President Xi Jinping on Tuesday delivered a keynote speech at the opening ceremony of the fourth ministerial meeting of the China-CELAC (the Community of Latin American and Caribbean States) Forum.

    The following is the full text of the speech:

    Writing a New Chapter in Building

    A China-LAC Community with a Shared Future

    Keynote Address by H.E. Xi Jinping

    President of the People’s Republic of China

    At the Opening Ceremony

    Of the Fourth Ministerial Meeting of the China-CELAC Forum

    Beijing, May 13, 2025

    Your Excellency President Gustavo Petro,

    Your Excellency President Luiz Inácio Lula da Silva,

    Your Excellency President Gabriel Boric,

    Your Excellency President Dilma Rousseff,

    Delegates of CELAC Member States,

    Ladies and Gentlemen,

    Friends,

    It gives me great pleasure to meet so many old and new friends from Latin American and Caribbean (LAC) countries in Beijing. On behalf of the Chinese government and people, I extend a warm welcome to you all.

    In 2015, LAC delegates and I attended the opening ceremony of the First Ministerial Meeting of the China-CELAC Forum in Beijing, which marked the launch of the China-CELAC Forum. Ten years on, with dedicated nurturing of both sides, the Forum has grown from a tender sapling into a towering tree. This fills me with deep pride and satisfaction.

    Although China and the LAC region are geographically distant, the bonds of our friendship stretch back through centuries. As early as in the 16th century, Nao de China, or “Ships of China,” laden with friendship, shuttled across the Pacific, marking the dawn of interactions and exchanges between China and the LAC region. From the 1960s onward, as New China established diplomatic ties with some LAC countries, exchanges and cooperation between the two sides became closer and closer. Since the turn of the century and in particular in recent years, China and LAC countries have ushered in a historic era of building a shared future.

    We stand shoulder to shoulder and support each other. China appreciates the long-standing commitment of LAC countries that have diplomatic ties with China to the one-China principle. China firmly supports LAC countries in pursuing development paths suited to their national conditions, safeguarding sovereignty and independence, and opposing external interference. In the 1960s, mass rallies and demonstrations took place across China in support of the Panamanian people’s rightful claim to sovereignty over the Panama Canal. In the 1970s, during the Latin American campaign for 200-nautical-mile maritime rights, China voiced its resolute and unequivocal support for the legitimate demands of developing countries. For 32 consecutive times since 1992, China has consistently voted for the United Nations (U.N.) General Assembly resolutions calling for an end to the U.S. embargo against Cuba.

    We ride the tide of progress together to pursue win-win cooperation. Embracing the trend of economic globalization, China and LAC countries have deepened cooperation in trade, investment, finance, science and technology, infrastructure, and many other fields. Under the framework of high-quality Belt and Road cooperation, the two sides have implemented more than 200 infrastructure projects, creating over a million jobs. The China-LAC satellite cooperation program has set a model for high-tech South-South cooperation. The inauguration of Chancay Port in Peru has established a new land-and-sea connectivity link between Asia and Latin America. China has signed free trade agreements with Chile, Peru, Costa Rica, Ecuador, and Nicaragua. Last year, trade between China and LAC countries exceeded US$500 billion for the first time, an increase of over 40 times from the beginning of this century.

    We unite in tough times to conquer challenges through mutual support. China and LAC countries have collaborated on disaster prevention, mitigation and relief and on joint response to hurricanes, earthquakes and other natural disasters. Since 1993, China has dispatched 38 medical teams to the Caribbean. When the pandemic of the century struck, China was among the first to offer assistance to LAC countries, providing over 300 million doses of vaccines and nearly 40 million units of medical supplies and equipment, and sending multiple teams of medical experts. All this helped protect the lives of hundreds of millions across the region.

    We uphold solidarity and coordination and rise to global challenges with resolve. Together, China and LAC countries champion true multilateralism, uphold international fairness and justice, advance global governance reform, and promote multipolarization of the world and greater democracy in international relations. We have worked together to address global challenges like climate change, and advance progress in global biodiversity governance. China and Brazil jointly issued a six-point common understanding on the political settlement of the Ukraine crisis, which has been endorsed by more than 110 countries, contributing our wisdom and strength to resolving international hotspot issues.

    Facts have shown that China and LAC countries are advancing hand in hand as a community with a shared future. This community of ours is founded upon equality, powered by mutual benefit and win-win, invigorated by openness and inclusiveness, and dedicated to the people’s well-being. It exhibits enduring vitality and holds immense promise.

    Distinguished Delegates,

    Friends,

    The century-defining transformation is accelerating across the globe, with multiple risks compounding one another. Such developments make unity and cooperation among nations indispensable for safeguarding global peace and stability and for promoting global development and prosperity. There are no winners in tariff wars or trade wars. Bullying or hegemonism only leads to self-isolation. China and LAC countries are important members of the Global South. Independence and autonomy are our glorious tradition. Development and revitalization are our inherent right. And fairness and justice are our common pursuit. In the face of seething undercurrents of geopolitical and bloc confrontation and the surging tide of unilateralism and protectionism, China stands ready to join hands with our LAC partners to launch five programs that advance our shared development and revitalization, and contribute to a China-LAC community with a shared future.

    The first is Solidarity Program. China will work with LAC countries to support each other on issues bearing on our respective core interests and major concerns. We must enhance exchanges in all fields, and strengthen communication and coordination on major international and regional issues. In the next three years, to facilitate our exchanges on national governance best practices, China will invite 300 members from political parties of CELAC member states every year to visit China. China supports the efforts by LAC countries in increasing their influence on the multilateral stage. We will work with LAC countries to firmly safeguard the international system with the U.N. at its core and the international order underpinned by international law, and to speak with one voice in international and regional affairs.

    The second is Development Program. China will work with LAC countries to implement the Global Development Initiative. We will resolutely uphold the multilateral trading system, ensure stable, unimpeded global industrial and supply chains, and promote an international environment of openness and cooperation. We should foster greater synergy between our development strategies, expand high-quality Belt and Road cooperation, and bolster cooperation in traditional areas such as infrastructure, agriculture and food, and energy and minerals. We should expand cooperation in emerging areas such as clean energy, 5G telecommunications, the digital economy and artificial intelligence, and carry out the China-LAC Science and Technology Partnership. China will increase imports of quality products from LAC countries, and encourage its enterprises to expand investment in the LAC region. We will provide a RMB66 billion yuan credit line to support LAC countries’ development.

    The third is Civilization Program. China will work with LAC countries to implement the Global Civilization Initiative. We should uphold the vision of equality, mutual learning, dialogue, and inclusiveness between civilizations, and champion humanity’s common values of peace, development, fairness, justice, democracy, and freedom. We should enhance China-LAC civilizational exchanges and mutual learning, including through a conference on China-LAC inter-civilizational dialogue. We should deepen cultural and artistic exchanges and cooperation, and hold the Latin American and Caribbean Arts Season. We should strengthen exchanges and cooperation in cultural heritage fields such as joint archaeological projects, conservation and restoration of ancient and historic sites, and museum exhibitions. We should also carry out collaborative studies of ancient civilizations and enhance cooperation to combat illicit trafficking of cultural property.

    The fourth is Peace Program. China will work with LAC countries to implement the Global Security Initiative. China supports the Proclamation of Latin America and the Caribbean as a Zone of Peace and the Declaration of Member States of the Agency for the Prohibition of Nuclear Weapons in Latin America and the Caribbean. The two sides should cooperate more closely in disaster governance, cybersecurity, counterterrorism, anti-corruption, narcotics control and combating transnational organized crime so as to safeguard security and stability in the region. China will organize law enforcement training programs tailored to the needs of CELAC member states, and do our best to provide equipment assistance.

    The fifth is People-to-People Connectivity Program. In the next three years, China will provide CELAC member states with 3,500 government scholarships, 10,000 training opportunities in China, 500 International Chinese Language Teachers Scholarships, 300 training opportunities for poverty reduction professionals, and 1,000 funded placements through the Chinese Bridge program. We will initiate 300 “small and beautiful” livelihood projects, actively promote vocational education cooperation programs such as Luban Workshop, and support CELAC member states in developing Chinese language education. We will also launch an exhibition of Chinese films and TV programs under The Bond, and work with LAC countries to translate and introduce 10 premium TV dramas and audiovisual programs annually to each other. China will host the China-LAC tourism dialogue with LAC countries. To facilitate friendly exchanges, China has decided to implement a visa exemption for five LAC countries as the first step, and will expand this policy coverage at proper times.

    Distinguished Delegates,

    Friends,

    As an 11th-century Chinese poet wrote, “Life’s greatest joy comes from finding kindred spirits.” Latin America has a similar proverb which goes, “The one who has a friend has a treasure.” No matter how the world changes, China will always stand by LAC countries as a good friend and a good partner. Let us march forward together on our paths toward modernization, working together to write a new chapter in building a China-LAC community with a shared future.

    MIL OSI China News

  • MIL-OSI: TWFG Announces First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    THE WOODLANDS, Texas, May 13, 2025 (GLOBE NEWSWIRE) — – Total Revenues increased 16.6% for the quarter over the prior year period to $53.8 million
    – Total Written Premium increased 15.5% for the quarter over the prior year period to $371.0 million
    – Organic Revenue Growth Rate* of 14.3% for the quarter –
    – Net income of $6.9 million for the quarter
    – Adjusted EBITDA* increased 35.3% for the quarter over the prior year period to $12.2 million

    THE WOODLANDS, Texas, May 13, 2025 (GLOBE NEWSWIRE) – TWFG, Inc. (“TWFG”, the “Company” or “we”) (NASDAQ: TWFG), a high-growth insurance distribution company, today announced results for the first quarter ended March 31, 2025.

    First Quarter 2025 Highlights

    • Total revenues for the quarter increased 16.6% to $53.8 million, compared to $46.1 million in the prior year period
    • Commission income for the quarter increased 14.7% to $48.8 million, compared to $42.5 million in the prior year period
    • Net income for the quarter was $6.9 million, compared to $6.6 million in the prior year period, and net income margin for the quarter was 12.7%
    • Diluted Earnings Per Share for the quarter was $0.09 and Adjusted Diluted Earnings Per Share* for the quarter was $0.16
    • Total Written Premium for the quarter increased 15.5% to $371.0 million, compared to $321.3 million in the prior year period
    • Organic Revenue Growth Rate* for the quarter was 14.3%
    • Adjusted Net Income* for the quarter increased 14.3% from the prior year period to $9.2 million, and Adjusted Net Income Margin* for the quarter was 17.1%
    • Adjusted EBITDA* for the quarter increased 35.3% over the prior year period to $12.2 million, and Adjusted EBITDA Margin* for the quarter was 22.6% compared to 19.5% in the prior year period

    *Organic Revenue Growth Rate, Adjusted Net Income, Adjusted Net Income Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Free Cash Flow and Adjusted Diluted Earnings Per Share are non-GAAP measures. Reconciliations of Organic Revenue Growth Rate to total revenue growth rate, Adjusted Net Income and Adjusted EBITDA to net income, Adjusted Diluted Earnings Per Share to diluted earnings per share, and Adjusted Free Cash Flow to cash flow from operating activities, the most directly comparable financial measures presented in accordance with GAAP, are outlined in the reconciliation table accompanying this release.

    Gordy Bunch, Founder, Chairman, and CEO said “Our strong first quarter performance reflects the continued execution of our strategy and strength of our business model. Total revenues grew 16.6% year-over-year, and Adjusted EBITDA increased by 35.3%, and Adjusted EBITDA Margin expansion grew to 22.6%. Organic Revenue Growth of 14.3% underscores the productivity of our agents and the enduring value we deliver to our carrier partners and clients.

    Our recruiting momentum remains robust as we continue to expand our national footprint. During the quarter, we completed the acquisition of two new corporate locations, one in Ohio and one in Texas, expanded into New Hampshire, and added 17 branches across the U.S. The new locations are in line with our acquisition expectations for both revenue and EBITDA.

    As a reminder to our shareholders, newly onboarded agents typically take two to three years to reach full productivity.”

    First Quarter 2025 Results

    Total Written Premium for the first quarter of 2025 was $371.0 million, representing an increase of 15.5% compared to the prior year period. Total revenues were $53.8 million, an increase of 16.6% year-over-year.

    Organic Revenue, a non-GAAP measure that excludes contingent income, non-policy fee income, and other income, was $49.2 million for the first quarter of 2025, compared to $41.6 million in the prior year period. Organic Revenue Growth Rate was 14.3%, driven by robust new business production, moderating retention levels, rate increases, and continued growth in new business activity within one of our managing general agency (MGA) programs.

    Commission expense for the quarter totaled $31.8 million, an increase of 20.3% compared to $26.4 million in the prior year period. This increase reflects the continued growth of our business, partially offset by the one-time favorable adjustment in prior year period due to the branch conversions.

    Salaries and employee benefits were $8.2 million, an increase of 31.1% compared to $6.3 million in the first quarter of 2025. The increase includes $1.2 million of equity compensation expense and $0.7 million related to increased headcount and overall business growth.

    Other administrative expenses were $4.7 million in the quarter, up 50.9% from the prior year period. The increase reflects investments to support business growth and the absorption of public company operating costs.

    Net income for the first quarter of 2025 was $6.9 million, compared to $6.6 million in the prior year period. Net income margin was 12.7%, compared to 14.4% a year ago. Adjusted Net Income was $9.2 million for the quarter, compared to $8.1 million in the same period last year. Adjusted Net Income Margin was 17.1%, versus 17.5% in the prior year period.

    Adjusted EBITDA was $12.2 million for the first quarter, an increase of 35.3% year-over-year. Adjusted EBITDA Margin expanded to 22.6%, compared to 19.5% in the first quarter of 2024.

    Cash flow from operating activities was $15.6 million, up from $9.8 million in the prior year period. Adjusted Free Cash Flow for the quarter was $13.6 million, compared to $7.3 million in the same period a year ago.

    Liquidity and Capital Resources

    As of March 31, 2025, the Company had cash and cash equivalents of $196.4 million. We had full unused capacity on our revolving credit facility of $50.0 million as of March 31, 2025. The total outstanding term notes payable balance was $5.4 million as of March 31, 2025.

    2025 Adjusted Outlook

    Based on our strong first quarter results, the Company has updated its full-year 2025 guidance by raising the range of the outlook across all key metrics to reflect the improved visibility and confidence in the Company’s execution.

    • Organic Revenue Growth Rate*: Expected to be in the range of 12% to 16% (prior: 11% to 16%)
    • Adjusted EBITDA Margin*: Expected to be in the range of 20% to 22% (prior: 19% to 21%)
    • Total Revenues: Expected to be between $240 million and $255 million (prior: $235 million to $250 million)

    The Company is unable to provide a reconciliation to the most directly comparable GAAP measures without unreasonable efforts due to the inherent difficulty in forecasting the timing of items that have not yet occurred, as well as quantifying certain amounts that are necessary for such reconciliation.

    *For a definition of Organic Revenue Growth Rate and Adjusted EBITDA Margin, see “Non-GAAP Financial Measures” below.

    Conference Call Information

    TWFG will host a conference call and webcast tomorrow at 9:00 AM ET to discuss these results.

    To access the call by phone, participants should register at this link, where they will be provided with the dial in details. A live webcast of the conference call will also be available on TWFG’s investor relations website at investors.twfg.com. A webcast replay of the call will be available at investors.twfg.com for one year following the call.

    About TWFG

    TWFG (NASDAQ: TWFG) is a high-growth, independent distribution platform for personal and commercial insurance in the United States and represents hundreds of insurance carriers that underwrite personal lines and commercial lines risks. For more information, please visit twfg.com.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. All statements, other than statements of historical fact included in this release, are forward-looking statements. Forward-looking statements give our current expectations relating to our financial condition, results of operations, plans, objectives, future performance, and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “outlook,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including those factors discussed under the captions entitled “Risk factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K, any Quarterly Reports on Form 10-Q and the other documents that the Company files with the U.S. Securities and Exchange Commission. You should specifically consider the numerous risks outlined under “Risk factors” in the Annual Report on Form 10-K for the year ended December 31, 2024.

    Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Non-GAAP Financial Measures and Key Performance Indicators

    Non-GAAP Financial Measures

    Organic Revenue, Organic Revenue Growth, Adjusted Net Income, Adjusted Net Income Margin, Adjusted Diluted Earnings Per Share, Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Free Cash Flow included in this release are not measures of financial performance in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and should not be considered substitutes for GAAP measures, including revenues (for Organic Revenue and Organic Revenue Growth), net income (for Adjusted Net Income, Adjusted Net Income Margin, Adjusted EBITDA and Adjusted EBITDA Margin), diluted earnings per share (Adjusted Diluted Earnings Per Share), and cash flow from operating activities (for Adjusted Free Cash Flow), which we consider to be the most directly comparable GAAP measures. These non-GAAP financial measures have limitations as analytical tools, and when assessing our operating performance, you should not consider these non-GAAP financial measures in isolation or as substitutes for revenues, net income, operating cash flow or other consolidated financial statement data prepared in accordance with GAAP. Other companies may calculate any or all of these non-GAAP financial measures differently than we do, limiting their usefulness as comparative measures.

    Organic Revenue. Since the first quarter of 2025, we have utilized the revised calculation methodology for Organic Revenue to include policy fee income as it is directly correlated to MGA commission income. Our legacy calculation methodology removed policy fee income from Organic Revenue. Organic Revenue is total revenue (the most directly comparable GAAP measure) for the relevant period, excluding contingent income, non-policy fee income, other income and those revenues generated from acquired businesses with over $0.5 million in annualized revenue that have not reached the twelve-month owned mark.

    Organic Revenue Growth. Organic Revenue Growth is the change in Organic Revenue period-to-period, with prior period results adjusted to include revenues that were excluded in the prior period because the relevant acquired businesses had not reached the twelve-month-owned milestone but have reached the twelve-month owned milestone in the current period. We believe Organic Revenue Growth is an appropriate measure of operating performance because it eliminates the impact of acquisitions, which affects the comparability of results from period to period.

    Adjusted Net Income. Adjusted Net Income is a supplemental measure of our performance and is defined as net income (the most directly comparable GAAP measure) before amortization, non-recurring or non-operating income and expenses, including equity-based compensation, adjusted to assume a single class of stock (Class A) and assuming noncontrolling interests do not exist. We believe Adjusted Net Income is a useful measure because it adjusts for the after-tax impact of significant one-time, non-recurring items and eliminates the impact of any transactions that do not directly affect what management considers to be our ongoing operating performance in the period. These adjustments generally eliminate the effects of certain items that may vary from company to company for reasons unrelated to overall operating performance.

    We are subject to U.S. federal income taxes, in addition to state, and local taxes, with respect to our allocable share of any net taxable income of TWFG Holding Company, LLC. Adjusted Net Income pre-IPO did not reflect adjustments for income taxes since TWFG Holding Company, LLC is a limited liability company and is classified as a partnership for U.S. federal income tax purposes. Post-IPO, the calculation incorporates the impact of federal and state statutory tax rates on 100% of our adjusted pre-tax income as if the Company owned 100% of TWFG Holding Company, LLC.

    Adjusted Net Income Margin. Adjusted Net Income Margin is Adjusted Net Income divided by total revenues. We believe that Adjusted Net Income Margin is a useful measurement of operating profitability for the same reasons we find Adjusted Net Income useful and also because it provides a period-to-period comparison of our after-tax operating performance.

    Adjusted Diluted Earnings Per Share. Adjusted Diluted Earnings Per Share is Adjusted Net Income divided by diluted shares outstanding after adjusting for the effect of (i) the exchange of 100% of the outstanding Class B common stock of the Company (the “Class B Common Stock”) and Class C common stock of the Company (the “Class C Common Stock”) (together with the related limited liability units in TWFG Holding Company, LLC (the “LLC Units”)) into shares of Class A common stock of the Company (“Class A Common Stock”) and (ii) the vesting of 100% of the unvested equity awards and exchange into shares of Class A Common Stock. This measure does not deduct earnings related to the noncontrolling interests in TWFG Holding Company, LLC for the period prior to July 19, 2024, when we did not own 100% of the business. The most directly comparable GAAP financial metric is diluted earnings per share. We believe Adjusted Diluted Earnings Per Share may be useful to an investor in evaluating our operating performance and efficiency because this measure is widely used by investors to measure a company’s operating performance without regard to items excluded from the calculation of such measure, which can vary substantially from company to company depending upon acquisition activity and capital structure. This measure also eliminates the impact of expenses that do not relate to core business performance, among other factors.

    Adjusted EBITDA. Adjusted EBITDA is a supplemental measure of our performance and is defined as EBITDA adjusted to reflect items such as equity-based compensation, interest income, other non-operating and certain nonrecurring items. EBITDA is defined as net income (the most directly comparable GAAP measure) before interest, income taxes, depreciation, and amortization. We believe that Adjusted EBITDA is an appropriate measure of operating performance because it adjusts for significant one-time, non-recurring items and eliminates the ongoing accounting effects of certain capital spending and acquisitions, such as depreciation and amortization, that do not directly affect what management considers to be our ongoing operating performance in the period. These adjustments eliminate the effects of certain items that may vary from company to company for reasons unrelated to overall operating performance. Our measure of Adjusted EBITDA is not necessarily comparable to other similarly titled captions of other companies due to potential inconsistencies in the methods of calculation.

    Adjusted EBITDA Margin. Adjusted EBITDA Margin is Adjusted EBITDA divided by total revenue. We believe that Adjusted EBITDA Margin is a useful measurement of operating profitability for the same reasons we find Adjusted EBITDA useful and also because it provides a period-to-period comparison of our operating performance.

    Adjusted Free Cash Flow. Adjusted Free Cash Flow is a supplemental measure of our performance. We define Adjusted Free Cash Flow as cash flow from operating activities (the most directly comparable GAAP measure) less cash payments for tax distributions, purchases of property and equipment and acquisition-related costs. We believe Adjusted Free Cash Flow is a useful measure of operating performance because it represents the cash flow from the business that is within our discretion to direct to activities including investments, debt repayment, and returning capital to stockholders.

    The reconciliation of the above non-GAAP measures to their most comparable GAAP financial measure is outlined in the reconciliation table accompanying this release.

    Key Performance Indicators

    Total Written Premium. Total Written Premium represents, for any reported period, the total amount of current premium (net of cancellation) placed with insurance carriers. We utilize Total Written Premium as a key performance indicator when planning, monitoring, and evaluating our performance. We believe Total Written Premium is a useful metric because it is the underlying driver of the majority of our revenue.

    Contacts
    Investor Contact:
    Gene Padgett, CAO for TWFG
    Email: gene.padgett@twfg.com

    PR Contact:
    Alex Bunch, CMO for TWFG
    Email: alex@twfg.com


    Condensed Consolidated Statements of Income
    (Unaudited)
    (Amounts in thousands, except share and per share data)

        Three Months Ended
    March 31,
          2025       2024  
    Revenues        
    Commission income(1)   $ 48,785     $ 42,545  
    Contingent income     1,663       1,076  
    Fee income(2)     3,011       2,232  
    Other income     364       290  
    Total revenues     53,823       46,143  
    Expenses        
    Commission expense     31,814       26,443  
    Salaries and employee benefits     8,196       6,254  
    Other administrative expenses(3)     4,724       3,130  
    Depreciation and amortization     3,359       3,013  
    Total operating expenses     48,093       38,840  
    Operating income     5,730       7,303  
    Interest expense     83       842  
    Interest income     1,863       170  
    Other non-operating expense     1       2  
    Income before tax     7,509       6,629  
    Income tax expense     656        
    Net income     6,853       6,629  
    Less: net income attributable to noncontrolling interests     5,515       6,629  
    Net income attributable to TWFG, Inc.     1,338        
             
    Weighted average shares of common stock outstanding:        
    Basic     14,889,739      
    Diluted     15,055,553      
    Earnings per share:        
    Basic   $ 0.09      
    Diluted   $ 0.09      
             

    (1) Commission income – related party of $3,135 and $1,109 for the three months ended March 31, 2025 and 2024, respectively
    (2) Fee income – related party of $834 and $354 for the three months ended March 31, 2025 and 2024, respectively
    (3) Other administrative expenses – related party of $770 and $401 for the three months ended March 31, 2025 and 2024, respectively

    The following table presents the disaggregation of our revenues by offerings (in thousands):

        Three Months Ended March 31,
          2025       2024  
    Insurance Services        
    Agency-in-a-Box   $ 35,996     $ 31,729  
    Corporate Branches     8,223       7,276  
    Total Insurance Services     44,219       39,005  
    TWFG MGA     9,195       6,794  
    Other     409       344  
    Total revenues   $ 53,823     $ 46,143  
             

    The following table presents the disaggregation of our commission income by offerings (in thousands):

        Three Months Ended March 31,
          2025       2024  
    Insurance Services        
    Agency-in-a-Box   $ 33,358     $ 29,900  
    Corporate Branches     8,214       7,250  
    Total Insurance Services     41,572       37,150  
    TWFG MGA     7,213       5,395  
    Total commission income   $ 48,785     $ 42,545  
             

    The following table presents the disaggregation of our fee income by major sources (in thousands):

        Three Months Ended March 31,
          2025       2024  
    Policy fees   $ 1,051     $ 513  
    Branch fees     1,256       1,131  
    License fees     608       515  
    TPA fees     96       73  
    Total fee income   $ 3,011     $ 2,232  
             

    The following table presents the disaggregation of our commission expense by offerings (in thousands):

        Three Months Ended March 31,
          2025       2024  
    Insurance Services        
    Agency-in-a-Box   $ 25,954       22,028  
    Corporate Branches     1,105       862  
    Total Insurance Services     27,059       22,890  
    TWFG MGA     4,726       3,535  
    Other     29       18  
    Total commission expense   $ 31,814     $ 26,443  
             


    Condensed Consolidated Balance Sheets
    (Unaudited)
    (Amounts in thousands, except share/unit data)

        March 31, 2025   December 31, 2024
    Assets        
    Current assets        
    Cash and cash equivalents   $ 196,424     $ 195,772  
    Restricted cash     11,853       9,551  
    Commissions receivable, net     23,575       27,067  
    Accounts receivable     8,053       7,839  
    Other current assets, net     1,500       1,619  
    Total current assets     241,405       241,848  
    Non-current assets        
    Intangible assets, net     80,919       72,978  
    Property and equipment, net     3,364       3,499  
    Lease right-of-use assets, net     4,307       4,493  
    Other non-current assets     535       610  
    Total assets   $ 330,530     $ 323,428  
             
    Liabilities and Equity        
    Current liabilities        
    Commissions payable   $ 16,303     $ 13,848  
    Carrier liabilities     14,710       12,392  
    Operating lease liabilities, current     1,124       1,013  
    Short-term bank debt     1,927       1,912  
    Deferred acquisition payable, current     1,956       601  
    Other current liabilities     6,842       9,851  
    Total current liabilities     42,862       39,617  
    Non-current liabilities        
    Operating lease liabilities, net of current portion     3,119       3,372  
    Long-term bank debt     3,519       4,007  
    Deferred acquisition payable, non-current     973       1,122  
    Other non-current liabilities           24  
    Total liabilities     50,473       48,142  
    Commitment and contingencies (see Note 14)        
    Stockholders’/Members’ Equity        
    Class A common stock ($0.01 par value per share – 300,000,000 authorized, 14,904,083 and 14,811,874 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively )     149       148  
    Class B common stock ($0.00001 par value per share – 100,000,000 authorized, 7,277,651 shares issued and outstanding at March 31, 2025 and December 31, 2024)            
    Class C common stock ($0.00001 par value per share – 100,000,000 authorized, 33,893,810 shares issued and outstanding at March 31, 2025 and December 31, 2024)            
    Additional paid-in capital     58,374       58,365  
    Retained earnings     16,626       15,288  
    Accumulated other comprehensive income     65       83  
    Total stockholders’ equity attributable to TWFG, Inc.     75,214       73,884  
    Noncontrolling interests     204,843       201,402  
    Total stockholders’ equity     280,057       275,286  
    Total liabilities and equity   $ 330,530     $ 323,428  
             


    Non-GAAP Financial Measures

    A reconciliation of Organic Revenue and Organic Revenue Growth Rate to Total Revenue and Total Revenue Growth Rate, the most directly comparable GAAP measures, is as follows (in thousands):

    Revised Calculation Methodology Applied to Current Period
        Three Months Ended
    March 31,
          2025       2024  
    Total revenues   $ 53,823     $ 46,143  
    Acquisition adjustments(1)     (610 )     (1,467 )
    Contingent income     (1,663 )     (1,076 )
    Fee income     (3,011 )     (2,232 )
    Policy fee income     1,051       513  
    Other income     (364 )     (290 )
    Organic Revenue   $ 49,226     $ 41,591  
    Organic Revenue Growth(2)   $ 6,169     $ 4,780  
    Total Revenue Growth Rate(3)     16.6 %     15.8 %
    Organic Revenue Growth Rate(2)     14.3 %     13.0 %
             

    (1) Represents revenues generated from the acquired businesses during the first 12 months following an acquisition.
    (2) Revised Organic Revenue for the three months ended March 31, 2024 and 2023, used to calculate Organic Revenue Growth for the three months ended March 31, 2025 and 2024, was $43.1 million and $36.8 million, respectively, which is adjusted to reflect revenues from acquired businesses with over $0.5 million in annualized revenue that reached the twelve-month owned mark during the three months ended March 31, 2025 and 2024, respectively. Organic Revenue Growth Rate represents the period-to-period change in Organic Revenue divided by the total adjusted Organic Revenue in the prior period.
    (3) Represents the period-to-period change in total revenues divided by the total revenues in the prior period.

    Legacy Calculation Methodology Applied to Current Period
        Three Months Ended
    March 31,
          2025       2024  
    Total revenues   $ 53,823     $ 46,143  
    Acquisition adjustments(1)     (610 )     (1,467 )
    Contingent income     (1,663 )     (1,076 )
    Fee income     (3,011 )     (2,232 )
    Other income     (364 )     (290 )
    Organic Revenue   $ 48,175     $ 41,078  
    Organic Revenue Growth(2)   $ 5,630     $ 4,822  
    Total Revenue Growth Rate(3)     16.6 %     15.8 %
    Organic Revenue Growth Rate(2)     13.2 %     13.3 %
             

    (1) Represents revenues generated from the acquired businesses during the first 12 months following an acquisition.
    (2) Organic Revenue for the three months ended March 31, 2024 and 2023, used to calculate Organic Revenue Growth for the three months ended March 31, 2025 and 2024, was $42.5 million and $36.3 million, respectively, which is adjusted to reflect revenues from acquired businesses with over $0.5 million in annualized revenue that reached the twelve-month owned mark during the three months ended March 31, 2025 and 2024, respectively. Organic Revenue Growth Rate represents the period-to-period change in Organic Revenue divided by the total adjusted Organic Revenue in the prior period.
    (3) Represents the period-to-period change in total revenues divided by the total revenues in the prior period.

    A reconciliation of Adjusted Net Income and Adjusted Net Income Margin to Net income and Net income Margin, the most directly comparable GAAP measures, for each of the periods indicated is as follows (in thousands):

    Revised Calculation Methodology Applied to Current Period
        Three Months Ended
    March 31,
          2025       2024  
    Total revenues   $ 53,823     $ 46,143  
    Net income   $ 6,853     $ 6,629  
    Income tax expense     656        
    Acquisition-related expenses     33        
    Equity-based compensation     1,204        
    Other non-recurring items(1)           (1,477 )
    Amortization expense     3,210       2,917  
    Adjusted income before income taxes     11,956       8,069  
    Adjusted income tax expense(2)     (2,736 )      
    Adjusted Net Income   $ 9,220     $ 8,069  
    Net Income Margin     12.7 %     14.4 %
    Adjusted Net Income Margin     17.1 %     17.5 %
             
    Legacy Calculation Methodology Applied to Current Period
        Three Months Ended
    March 31,
          2025       2024  
    Total revenues   $ 53,823     $ 46,143  
    Net income   $ 6,853     $ 6,629  
    Income tax expense     656        
    Acquisition-related expenses     33        
    Equity-based compensation     1,204        
    Other non-recurring items(1)           (1,477 )
    Adjusted income before income taxes   $ 8,746     $ 5,152  
    Adjusted income tax expense(2)     (2,001 )      
    Adjusted Net Income   $ 6,745     $ 5,152  
    Net Income Margin     12.7 %     14.4 %
    Adjusted Net Income Margin     12.5 %     11.2 %
             

    (1) Represents a one-time adjustment reducing commission expense, which resulted from the branch conversions. In January 2024, nine of our Branches converted to Corporate Branches. Upon conversion, agents of the newly converted Corporate Branches became employees and received salaries, employee benefits, and bonuses for services rendered instead of commissions. As a result, we released a portion of the unpaid commissions related to the converted branches that we no longer are required to settle.
    (2) Post-IPO, we are subject to United States federal income taxes, in addition to state, local, and foreign taxes, with respect to our allocable share of any net taxable income of TWFG Holding Company, LLC. For the three months ended March 31, 2025, the calculation of adjusted income tax expense is based on a federal statutory rate of 21% and a blended state income tax rate of 1.88% on 100% of our adjusted income before income taxes as if we owned 100% of the TWFG Holding Company, LLC.

    A reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin to Net income and Net income margin, the most directly comparable GAAP measures, for each of the periods indicated is as follows (in thousands):

        Three Months Ended
    March 31,
          2025       2024  
    Total revenues   $ 53,823     $ 46,143  
    Net income   $ 6,853     $ 6,629  
    Interest expense     83       842  
    Interest income     (1,863 )     (170 )
    Depreciation and amortization     3,359       3,013  
    Income tax expense     656        
    EBITDA     9,088       10,314  
    Acquisition-related expenses     33        
    Equity-based compensation     1,204        
    Interest income     1,863       170  
    Other non-recurring items(1)           (1,477 )
    Adjusted EBITDA   $ 12,188     $ 9,007  
    Net Income Margin     12.7 %     14.4 %
    Adjusted EBITDA Margin     22.6 %     19.5 %
             

    (1) Represents a one-time adjustment reducing commission expense, which resulted from the branch conversions. In January 2024, nine of our Branches converted to Corporate Branches. Upon conversion, agents of the newly converted Corporate Branches became employees and received salaries, employee benefits, and bonuses for services rendered instead of commissions. As a result, we released a portion of the unpaid commissions related to the converted branches that we no longer are required to settle.

    A reconciliation of Adjusted Free Cash Flow to Cash Flow from Operating Activities, the most directly comparable GAAP measure, for each of the periods indicated is as follows (in thousands):

        Three Months Ended
    March 31,
          2025       2024  
    Cash Flow from Operating Activities   $ 15,645     $ 9,754  
    Purchase of property and equipment     (15 )     (8 )
    Tax distribution to members(1)     (2,024 )     (2,420 )
    Acquisition-related expenses     33        
    Adjusted Free Cash Flow   $ 13,639     $ 7,326  
             

    (1) Tax distributions to members represents the amount distributed to the members of TWFG Holding Company, LLC in respect of their income tax liability related to the net income of TWFG Holding Company, LLC allocated to its members.

    A reconciliation of Adjusted Diluted Earnings Per Share to diluted earnings per share, the most directly comparable GAAP measure, is as follows:

        Three Months Ended March 31,
          2025  
    Earnings per share of common stock – diluted   $ 0.09  
    Plus: Impact of all LLC Units exchanged for Class A Common Stock(1)     0.03  
    Plus: Adjustments to Adjusted net income(2)     0.04  
    Adjusted Diluted Earnings Per Share   $ 0.16  
         
    Weighted average common stock outstanding – diluted     15,055,553  
    Plus: Impact of all LLC Units exchanged for Class A Common Stock(1)     41,171,461  
    Adjusted Diluted Earnings Per Share diluted share count     56,227,014  
         

    (1) For comparability purposes, this calculation incorporates the net income that would be distributable if all shares of Class B Common Stock and Class C Common Stock, together with the related LLC Units, were exchanged for shares of Class A Common Stock. For the three months ended March 31, 2025, this includes $5.5 million of net income on 56,227,014 weighted-average shares of common stock outstanding – diluted. For the three months ended March 31, 2025, 41,260,844 weighted average outstanding Class B Common Stock and Class C Common Stock were considered dilutive and included in the 56,227,014 weighted-average shares of common stock outstanding – diluted within diluted earnings per share calculation.
    (2) Adjustments to Adjusted Net Income are described in the footnotes of the reconciliation of Adjusted Net Income to Net Income in “Adjusted Net Income and Adjusted Net Income Margin”, which represent the difference between Net Income of $6.9 million and Adjusted Net Income of $9.2 million for the three months ended March 31, 2025. For the three months ended March 31, 2025, Adjusted Diluted Earnings Per Share include adjustments of $2.4 million to Adjusted Net Income on 56,227,014 weighted-average shares of common stock outstanding – diluted for the period presented.

    Key Performance Indicators

    The following presents the disaggregation of Total Written Premium by offerings, business mix and line of business (in thousands):

        Three Months Ended March 31,
          2025       2024  
        Amount   % of Total   Amount   % of Total
    Offerings:                
    Insurance Services                
    Agency-in-a-Box   $ 249,475     68 %   $ 218,936     68 %
    Corporate Branches     68,098     18       57,884     18  
    Total Insurance Services     317,573     86       276,820     86  
    TWFG MGA     53,389     14       44,446     14  
    Total written premium   $ 370,962     100 %   $ 321,266     100 %
                     
    Business Mix:                
    Insurance Services                
    Renewal business   $ 244,845     66 %     214,477     67 %
    New business     72,728     20       62,343     19  
    Total Insurance Services     317,573     86       276,820     86  
                     
    TWFG MGA                
    Renewal business     36,375     9       35,464     11  
    New business     17,014     5       8,982     3  
    Total TWFG MGA     53,389     14       44,446     14  
        Total written premium   $ 370,962     100 %   $ 321,266     100 %
                     
    Written Premium Retention:                
    Insurance Services       88 %       97 %
    TWFG MGA       82         81  
    Consolidated       88         94  
                     
    Line of Business:                
    Personal lines   $ 298,289     80 %   $ 254,864     79 %
    Commercial lines     72,673     20       66,402     21  
    Total written premium   $ 370,962     100 %   $ 321,266     100 %
                     

    The MIL Network

  • MIL-OSI Security: ICYMI-Deputy Secretary Edgar: “An Illegal Immigrant Killed Two Teenagers In My Community. Under The Trump Administration, He Will Face Justice”

    Source: US Department of Homeland Security

    ICYMI-Deputy Secretary Edgar: “An Illegal Immigrant Killed Two Teenagers In My Community. Under The Trump Administration, He Will Face Justice” 

    Oscar Ortega-Anguiano is set to be released from prison after serving just three-and-a-half years of his 10-year sentence for the killing of Anya Varfolomeev and Nikolay Osokin 

    WASHINGTON – Today, the Washington Examiner published Homeland Security Deputy Secretary Troy Edgar’s Op-Ed in the Washington Examiner titled, “An Illegal Immigrant Killed Two Teenagers In My Community. Under the Trump Administration, He Will Face Justice.”  

    The Op-Ed highlights the story of Anya Varfolomeev and Nikolay Osokin, two 19-year-olds that were killed in 2021 by an illegal alien who was driving under the influence in the Deputy Secretary’s home state of California.  

    Recently, it was revealed that Oscar Ortega-Anguiano—the teens’ killer—is set to be released from a California state prison after serving just three-and-a-half years of a 10-year sentence. However, the Trump administration is intervening to ensure Ortega-Anguiano does not walk free.  

    The worst call you could ever receive as a parent is one telling you that your teenage son or daughter has been in a car accident. It’s a lifechanging call that would go down as one of the worst days of your life. It could be even worse though: What if you also found out that the driver that caused the accident was in our country illegally? This tragic circumstance is a reality for the parents of Anya Varfolomeev and Nikolay Osokin. 

    At just 19 years old, these two young people from Orange County, California had their whole lives ahead of them. Varfolomeev was a bright young woman, who was a dedicated ballerina and scout. Osokin was a gifted student at Pepperdine University who excelled in both music and academics. But in November 2021, their lives were senselessly stolen in a fiery crash caused by a criminal illegal alien who should have never been in this country in the first place.  

    Oscar Eduardo Ortega-Anguiano was driving drunk, high on drugs, and speeding at nearly 100 mph on the 405 freeway when he crashed into a vehicle carrying Varfolomeev and Osokin. Even worse, Ortega-Anguiano was a repeat criminal, with a track record that includes multiple felonies and convictions for driving without a license. Despite being deported, he re-entered our country illegally twice.  

    Now, four years later, Ortega-Anguiano is set to be released from California state prison after serving just 3.5 years of his 10-year sentence. I’ve spoken to Anya’s father, and he is outraged. So am I.  

    This story hits especially close to home because I served as mayor and city council member of Los Alamitos for over a decade, and this tragic incident happened in our community. It also represents so much that is wrong with our broken immigration system. As Deputy Secretary of Homeland Security, I work relentlessly under the leadership of President Donald Trump and Secretary Kristi Noem to carry out their priorities to protect our communities from brutal criminals who should not be loose on American streets.  

    Under the Trump administration, DHS is enforcing our nation’s immigration laws and seeking to punish criminals to the fullest extent of the law, and this has my direct attention. Immigration and Customs Enforcement has placed a detainer for Ortega-Anguiano with the California Department of Corrections. If state authorities do not honor the ICE detainer, federal agents will take custody of Ortega-Anguiano and deport him immediately upon release. The U.S. Attorney for the Central District of California has also filed a felony immigration charge against Ortega-Anguiano, which could put him behind bars for an additional 20 years.  

    Under the secretary’s leadership, the department is also giving support to victims by reopening the ICE’s Victims of Immigration Crime Engagement office. VOICE was first launched in 2017 by the Trump administration as a dedicated resource for those who have been victimized by crime that has a nexus to immigration. The Biden administration shuttered the office, leaving victims and their families without access to key resources and support services–but we will not allow their stories to be silenced any longer.  

    Every day, the Trump Administration is working to prevent these tragedies from happening in another town, to another family. We owe it to Anya and Nikolay, and every family like theirs, to never stop fighting for justice and safety. That starts with removing the worst of the worst– and making sure they never return.  

    Not in my town. Not in any American town.  

    MIL Security OSI

  • MIL-OSI: Best VPNs U.S.A. 2025: NordVPN Ranked Top of VPN Services

    Source: GlobeNewswire (MIL-OSI)

    Chicago, May 13, 2025 (GLOBE NEWSWIRE) —

    Following a comprehensive evaluation, NordVPN, a VPN service that encrypts internet connections, hides IP addresses, and keeps online activities private, has outpaced its competitors and emerged as the clear leader among the crowded field of virtual private networks.

    CLICK HERE TO GET THE BEST VPN IN THE UNITED STATES: NORDVPN

    In recent times, internet users across the United States have become increasingly conscious of online security, data privacy, and the growing threat of surveillance, making the use of VPN move from just another niche tool to a digital utility. And with a swarm of VPNs available in the market now, a coalition of privacy advocates, technology journalists, and cybersecurity experts has come to a common ground regarding NordVPN being the ultimate VPN for the American user.

    CLICK HERE TO GET THE BEST VPN IN THE UNITED STATES: NORDVPN

    NordVPN has distinguished itself from the rest of the VPNs available in the U.S. by having a combination of technology and relentless focus on user empowerment. The effect of putting these two together, as noted by most users, is that the VPN gets better with time. By having users give feedback and, in turn, implementing the same by utilizing cutting-edge technologies to solve any issue, NordVPN has soared above the rest of its competitors, allowing it to clinch the top spot.

    Getting started with NordVPN is as easy as following the steps below:

    Another aspect that has gone a long way in the top ranking of NordVPN as the best VPN service in the U.S., as seen by the experts, is its technical superiority. This is evident from the platform’s proprietary NordLynx protocol, which leverages WireGuard’s technology to ensure that the speed of connections is maintained without compromising security. For this reason, users have highlighted that they can stream, play online games, and even browse without any delays, which has long plagued the VPN services in the country.

    In addition to its technical superiority, NordVPN has an unwavering commitment to transparency, which has significantly affected its ranking. Concerning this, NordVPN has implemented a no-logs policy, which independent parties frequently audit. By doing so, many users have reported that they are guaranteed their privacy, which they hold so precious. And, since data breaches and unauthorized tracking have become disturbingly common, such guarantees offer invaluable peace of mind to the users.

    When it comes to its infrastructure, NordVPN still leads the field. With over 7,000 servers spread across 118 countries worldwide, including hundreds spread across major cities in the U.S., NordVPN has continually provided its users with fast, stable, and secure connections no matter where they are located. Also, courtesy of the broad coverage, data from users reveals that American users can bypass regional restrictions, access global content, and maintain consistent speeds even during peak usage times. Experts have also observed that this is possible since, by distributing traffic across its vast infrastructure, NordVPN minimizes congestion and latency.

    Another cornerstone of NordVPN’s success is its exceptional user interface that makes advanced online privacy accessible to everyone, from newcomers to the tech world to seasoned professionals. First-hand experiences describe the platform as sleek and easy to maneuver across all major devices, including Windows, macOS, iOS, Android, and even smart TVs. This is evident through some of its features, such as Quick Connect, which automatically selects the fastest and most secure server, and clear navigation menus, which make it easy to explore the platform. By incorporating all these, NordVPN has balanced simplicity and prowess, making it the best VPN service in the U.S. in 2025.

    Another differentiator that has seen NordVPN cling to the top ranking as the best VPN service in the U.S. is its customer support team. Looking at the platform, it is clear that it offers a 24/7 live chat service that offers not only a detailed knowledge base but also rapid response times. With all these in play, users and industry experts agreed that this is part of NordVPN’s winning formula. With this ability to maintain high customer satisfaction while extending its user base, NordVPN displays its operational excellence, making it the best in the virtual private network space.

    As digital threats evolve, NordVPN has also demonstrated leadership in proactive security measures. For instance, over the past year, NordVPN launched a new feature, which includes, but is not limited to, Threat Protection Pro, an advanced tool that blocks malware, trackers, and intrusive ads even when users are not connected to the VPN.

    Another security measure that NordVPN has incorporated into its platform is the Double VPN (multi-hop) option, which has proved useful to people who demand the highest level of anonymity. It functions by routing internet traffic through two separate servers, adding an extra layer of security that makes it even harder for anyone to trace online activity. With these, among other features such as the Onion Over VPN, American users and industry experts agree that NordVPN is the best VPN service in the U.S.

    With this latest ranking, NordVPN reaffirms its position as the leading VPN choice for American users in 2025 and beyond. As online privacy becomes more essential than ever, NordVPN remains committed to delivering secure, fast, and user-friendly solutions that empower people to take control of their digital lives.

     NordVPN Support:

    • https://support.nordvpn.com/hc/en-us
    • support@nordaccount.com

    Disclaimer & Affiliate Disclosure

    The information provided in this article is for general informational and promotional purposes only. While every effort has been made to ensure the accuracy and reliability of the content, no guarantees are made regarding its completeness, timeliness, or factual accuracy. Any opinions expressed are those of independent analysts and contributors, not necessarily reflective of any official position or endorsement by the publisher or its syndication partners.

    This article may contain references to products or services for which compensation is received through affiliate partnerships. This means that, at no additional cost to the reader, the publisher may earn a commission if a purchase is made through a featured link. These affiliate relationships do not influence the objectivity of the content, which is intended to offer insight based on publicly available data and user feedback.

    All product names, logos, brands, and trademarks featured are the property of their respective owners. Any mention of third-party trademarks or brand names does not imply endorsement by or affiliation with those entities.

    Readers are encouraged to conduct their own due diligence before making any purchasing decisions. Neither the publisher, contributors, nor syndication partners accept responsibility for any loss or damage resulting directly or indirectly from the use of the information or reliance upon the content presented herein. Furthermore, this content is not intended as a substitute for professional advice, including but not limited to legal, financial, or cybersecurity guidance.

    Should there be any inadvertent typographical errors, omissions, or factual inaccuracies, they are unintentional, and appropriate corrections will be made upon verification.

    This release may be syndicated or republished by third-party distribution channels, all of whom are held harmless and are not responsible for the article’s original content or any conclusions drawn therefrom.

    The MIL Network

  • MIL-OSI: NowVertical Named Qlik Latin America Channel Growth Partner of the Year 2024

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 13, 2025 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSXV: NOW) (“NowVertical” or the “Company”), a leading data and AI solutions provider, today announced it has been awarded the Qlik Channel Growth Partner of the Year for 2024 in Latin America.

    This achievement follows NowVertical’s recent 2025 Google Cloud Data Analytics Partner of the Year award for Latin America, The recognition highlights NowVertical ‘s leadership in delivering outstanding customer outcomes through impactful data and analytics solutions tailored to the unique demands of customers.

    The annual Qlik Regional Partner Awards recognize select partners for demonstrating exceptional expertise and innovation in their respective markets. Winners deliver measurable business outcomes and strategic value, enabling customers in key regions to harness their data effectively and achieve rapid success.

    “Partners like NowVertical are what makes our regional ecosystem so powerful—deep local knowledge, trusted customer relationships, and a relentless focus on delivering real results,” said David Zember, Senior Vice President, WW Channels and Alliances at Qlik. “Their ability to move quickly and solve complex challenges close to home is what drives lasting impact. We’re proud to celebrate this success and excited for what we’ll achieve together next.”

    “Being recognised by Qlik reflects the strength of our global partnerships and our shared commitment to delivering high-impact, enterprise-level outcomes,” said Sandeep Mendiratta, CEO of NowVertical. “We’re proud to work with hyperscaling technologies to solve our customers’ most complex data challenges with speed, precision, and scale.”

    This award marks another milestone in NowVertical’s deep, trusted relationships with the world’s most advanced data and cloud platforms. Through these partnerships, NowVertical is uniquely positioned to deliver integrated, scalable solutions that help enterprise clients unlock data, AI and accelerate transformation.

    About NowVertical Group Inc.
    The Company is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Offering a comprehensive suite of solutions and services the Company enables clients to quickly harness the full potential of their data, driving measurable outcomes and accelerating potential return on investment. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Company’s AI-Infused first party and third-party technologies. NowVertical is growing organically and through strategic acquisitions.

    For further details about NowVertical, please visit www.nowvertical.com.

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

    For further information, please contact:

    Andre Garber, CDO
    IR@nowvertical.com

    Investor Relations: Bristol Capital Ltd.
    Stefan Eftychiou
    stefan@bristolir.com
    (905) 326-1888 x60

    Forward-Looking Statements

    This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (together “forward-looking statements”). Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies, certain of which are unknown. Forward-looking statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements are qualified in their entirety by inherent risks and uncertainties, including: adverse market conditions; risks inherent in the data analytics and artificial intelligence sectors in general; regulatory and legislative changes and other risk factors identified in documents filed by the Company under its profile at www.sedarplus.com, including the Company’s management’s discussion and analysis for the year ended December 31, 2024. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

    The MIL Network

  • MIL-OSI Europe: Text adopted – 2023 and 2024 reports on Türkiye – P10_TA(2025)0092 – Wednesday, 7 May 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to the European Council conclusions of 17 and 18 April 2024, 30 June 2023, 23 June 2022, 24 June 2021 and 12 December 2019, and to all relevant previous Council and European Council conclusions,

    –  having regard to Türkiye’s membership of the Council of Europe and NATO,

    –  having regard to the Agreement between the European Union and the Republic of Turkey on the readmission of persons residing without authorisation(1) (EU-Turkey Readmission Agreement),

    –  having regard to the statement of the members of the European Council of 25 March 2021 on Türkiye,

    –  having regard to the ‘EU-Turkey statements’ of 18 March 2016 and 29 November 2015,

    –  having regard to the ‘Turkey Negotiating Framework’ of 3 October 2005,

    –  having regard to the declaration issued by the European Community and its Member States on 21 September 2005 following the declaration made by Turkey upon its signature of the Additional Protocol to the Ankara Agreement on 29 July 2005,

    –  having regard to the Council conclusions of December 2006 and March 2020, and to the Presidency Conclusions of the European Council in Copenhagen of 21-22 June 1993, also known as the Copenhagen Criteria,

    –  having regard to the Council conclusions on Enlargement of 17 December 2024 and of 12 December 2023,

    –  having regard to the International Law of the Sea and the United Nations Convention on the Law of the Sea (UNCLOS),

    –  having regard to the Commission communication of 30 October 2024 on EU enlargement policy (COM(2024)0690) and to the accompanying Türkiye 2024 Report (SWD(2024)0696),

    –  having regard to the Commission communication of 8 November 2023 on EU enlargement policy (COM(2023)0690) and to the accompanying Türkiye 2023 Report (SWD(2023)0696),

    –  having regard to Special report 06/2024 of the European Court of Auditors of 24 April 2024 entitled ‘The Facility for Refugees in Turkey – Beneficial for refugees and host communities, but impact and sustainability not yet ensured’,

    –  having regard to the joint communications from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy to the European Council of 29 November 2023 (JOIN(2023)0050) and of 22 March 2021 (JOIN(2021)0008) on the state of play of EU-Türkiye political, economic and trade relations,

    –  having regard to the Commission communication of 19 December 2024 entitled ‘Eighth Annual Report of the Facility for Refugees in Türkiye’ (COM(2024)0593),

    –  having regard to the fundamental principles of international law and to the Charter of the United Nations, the 1977 and the 1979 High-Level Agreements between the leaders of the two communities, and the relevant resolutions of the UN Security Council on Cyprus, including Resolution 186 (1964) of 4 March 1964, which reaffirms the sovereignty of the Republic of Cyprus, Resolution 550 (1984) of 11 May 1984 on secessionist actions in Cyprus, Resolution 789 (1992) of 25 November 1992, and Resolution 2537 (2020) on the UN Peacekeeping Force in Cyprus (UNFICYP),

    –  having regard to Article 46 of the European Convention on Human Rights (ECHR), which states that the contracting parties undertake to abide by the final judgment of the European Court of Human Rights (ECtHR) in any case to which they are parties, and to the ensuing obligation of Türkiye to implement all judgments of the ECtHR,

    –  having regard to the relevant resolutions of the Committee of Ministers of the Council of Europe,

    –  having regard to the 2025 Freedom in the World report published by Freedom House,

    –  having regard to the 2024 World Press Freedom Index published by Reporters Without Borders,

    –  having regard to the January 2025 prison statistics report published by the Civil Society in the Penal System Association (CISST) and to the 2024 country profile for Türkiye published by Prison Insider,

    –  having regard to the Global Gender Gap Report 2024 published by the World Economic Forum,

    –  having regard to recent reports of the We Will Stop Femicide Platform (Kadın Cinayetlerini Durduracağız Platformu),

    –  having regard to the UNESCO statement on Hagia Sophia of 10 July 2020, and to the relevant UNESCO World Heritage Committee decisions 44 COM 7B.58 (2021) and 45 COM 7B.58 (2023), adopted in its 44th and 45th sessions respectively,

    –  having regard to its previous resolutions on Türkiye, in particular those of 13 September 2023 on the 2022 Commission Report on Türkiye(2), of 7 June 2022 on the 2021 Commission Report on Turkey(3), and of 26 November 2020 on escalating tensions in Varosha following the illegal actions by Türkiye and the urgent need for the resumption of talks(4),

    –  having regard to its resolution of 29 February 2024 on deepening EU integration in view of future enlargement(5),

    –  having regard to its resolution of 15 April 2015 on the centenary of the Armenian Genocide(6),

    –  having regard to its resolutions of 5 May 2022 on the case of Osman Kavala in Turkey(7), of 10 October 2024 on the case of Bülent Mumay in Türkiye(8) and of 13 February 2025 on recent dismissals and arrests of mayors in Türkiye(9),

    –  having regard to European Commission President Ursula von der Leyen’s visit to Ankara in December 2024,

    –  having regard to Rule 55 of its Rules of Procedure,

    –  having regard to the report of the Committee on Foreign Affairs (A10-0067/2025),

    A.  whereas Türkiye remains a candidate for EU accession, and EU membership remains the repeatedly declared political goal of the Turkish Government, although the gap with the values and interests of the EU is growing; whereas EU accession negotiations have effectively been at a standstill since 2018, owing to the deterioration of the rule of law and democracy in Türkiye;

    B.  whereas any accession country is expected to respect democratic values, the rule of law and human rights, and to abide by EU law; whereas Türkiye needs to credibly demonstrate its commitment to closer relations and alignment with the European Union in order to reinvigorate its European perspective; whereas being a candidate country presumes a willingness to progressively approach and align with the EU in all aspects, including values, interests, standards and policies, inter alia with its common foreign and security policy, to respect and uphold the Copenhagen criteria, and to pursue and maintain good neighbourly relations with the EU and all of its Member States without discrimination; whereas the tensions between the EU and Türkiye in relation to the situation in the Eastern Mediterranean have de-escalated but not ceased; whereas Türkiye has repeatedly been asked to refrain from all actions which violate the sovereignty and sovereign rights of all EU Member States and are in breach of international and EU law;

    C.  whereas the 2023 Commission progress report on Türkiye painted a picture of continued backsliding, while its latest progress report of 2024 appears to present a slightly more positive overall picture of progress on enlargement-related reforms in Türkiye, such as in the area of economic and monetary policies; whereas this cannot, however, be applied to the core matters related to democracy and fundamental rights, which have deteriorated even further since the release of the Commission’s latest report; whereas the gap between Türkiye and the EU’s values and normative framework has therefore remained unaddressed during the recent period with the persistent use of laws and measures aimed at curtailing the rule of law and human rights, fundamental freedoms and civil liberties;

    D.  whereas the joint communication on the state of play of EU-Türkiye relations of 29 November 2023 struck a more positive note, putting forward a set of recommendations on cooperating in areas of joint interest in a phased, proportionate and reversible manner and based on the established conditionalities; whereas only a few concrete steps in line with the commitments therein have been taken so far; whereas the April 2024 European Council mandated Coreper to advance in the implementation of this joint communication; whereas nevertheless this joint communication has not yet received a clear political endorsement by the Council;

    E.  whereas Türkiye is a member of the Council of Europe and is therefore bound by the judgments of the ECtHR; whereas owing to its failure to apply landmark ECtHR rulings, Türkiye is currently facing historical infringement proceedings; whereas Türkiye consistently ranks among the countries most frequently found in violation of the human rights and fundamental freedoms protected by the European Convention on Human Rights; whereas as of late November 2024, Türkiye had the highest number of pending cases before the ECtHR, with 22 450 applications, representing 36,7 % of the Court’s total caseload of 61 250 applications;

    F.  whereas Türkiye is classified as ‘not free’ by Freedom House and has experienced one of the worst declines in the level of freedom in the world in the past 10 years; whereas Türkiye ranks 158th out of 180 countries in the 2024 World Press Freedom Index; whereas the Turkish Government has closed dozens of media outlets, routinely blocks online articles, is reported to control 85 % of national media and uses its state agency Anadolu as an organ of propaganda;

    G.  whereas the Turkish constitution provides for sufficient protection of fundamental rights, but the practice of the institutions and the critical state of the judiciary, including the lack of respect for Constitutional Court rulings, are the main reasons for the dire situation of the rule of law and human rights in the country, issues repeatedly described in the reports of the EU, the Council of Europe and international organisations;

    H.  whereas Türkiye has the highest incarceration rate and the largest prison population of all Council of Europe Member States, with an overcrowded prison population that has grown by 439 % between 2005 and 2023 and currently represents more than a third of all inmates of Council of Europe countries;

    I.  whereas Türkiye is ranked 127th out of 146 countries in the 2024 Global Gender Gap Index, underscoring severe gender inequality and systemic failures in protecting women’s rights; whereas according to the 2024 report of the We Will Stop Femicide Platform (Kadın Cinayetlerini Durduracağız Platformu), 394 women were murdered by men and 259 women were found dead in suspicious circumstances in Türkiye in 2024, the highest number recorded since the civil society group started collecting data in 2010; whereas in its 2023 report, the platform noted that 315 women were killed by men, and 248 women were found dead in suspicious circumstances;

    J.  whereas in recent months, Türkiye has taken steps towards the resumption of a process for a peaceful resolution of the Kurdish question; whereas on 27 February 2025 jailed militant leader Abdullah Öcalan called on his Kurdistan Workers’ Party (PKK) to disarm and disband, providing a historic opportunity to end the Turkish-Kurdish conflict; whereas these efforts have been accompanied by increasing repression and the curtailment of the powers of democratic local governments, including the dismissal of elected Kurdish and other opposition mayors;

    K.  whereas, alongside being a candidate for EU accession, Türkiye is a NATO ally and a key partner in the areas of trade, economic relations, security, the fight against terrorism, and migration; whereas Türkiye continues to play a key role in the region, acts as a bridge between Europe and Asia, and remains a key partner for the stability of the wider East Mediterranean region; whereas Türkiye continues to play a significant role in the Syrian conflict and maintains a military presence in northern Syria;

    L.  whereas Türkiye has not aligned with EU sanctions against Russia; whereas trade between Türkiye and Russia has nearly doubled since the EU’s imposition of sanctions against Russia; whereas despite some steps taken, Türkiye has not prevented its territory from being used to circumvent EU sanctions against Russia;

    M.  whereas the 2024 Commission progress report on Türkiye states that, as at 30 September 2024, the country maintained a very low alignment rate of 5 % with relevant statements of the High Representative on behalf of the EU and with relevant Council decisions, compared to 9 % in 2023;

    N.  whereas Türkiye is the EU’s fifth largest trade partner, and the EU is Türkiye’s largest trading partner by far, as well as its primary source of foreign direct investment;

    O.  whereas in the past year, the level of engagement between the EU and Türkiye has increased in terms of both technical and high-level meetings in sectoral areas;

    P.  whereas Türkiye has applied for membership of BRICS+ and shown interest in joining the Shanghai Cooperation Organisation (SCO);

    Q.  whereas following a period of unorthodox economic policy, Türkiye has implemented a tighter monetary policy over the past year leading to a reduction in external imbalances and a moderation of inflationary pressures;

    R.  whereas in March 2025 the Turkish Government spent at least USD 10 billion of its currency reserves to counteract the collapse of its financial markets and the devaluation of the lira caused by its decision to arrest and detain Mayor of Istanbul and prominent opposition politician Ekrem İmamoğlu; whereas the Turkish Government’s undermining of Turkish democracy and the rule of law creates an unfavourable environment for foreign direct investment and hence weakens the Turkish economy, with grave consequences for the socio-economic situation of Turkish citizens;

    S.  whereas Türkiye hosts the largest refugee population in the world, with around 3,1 million registered refugees, mainly from Syria, Iraq and Afghanistan; whereas since 2011 the EU has directed more than EUR 10 billion to assisting refugees and host communities in Türkiye; whereas according to a credible investigative report by Lighthouse Reports and eight media partners, the EU is funding removal centres in Türkiye implicated in the detention, abuse and forced deportations of refugees under the guise of voluntary return;

    T.  whereas in addition to the emergency assistance coordinated via the EU Civil Protection Mechanism, with an estimated financial value of EUR 38 million, the EU provided EUR 78,2 million in humanitarian aid for the earthquake response in 2023, and EUR 26 million in humanitarian aid in 2024; whereas the EU signed an additional EUR 400 million in assistance under the EU Solidarity Fund to finance recovery operations following the devastating earthquake;

    U.  whereas Türkiye has systematically misused counterterrorism laws to target elected officials, opposition politicians, journalists and human rights defenders, among others;

    Commitment to EU accession

    1.  Recognises the long-standing aspirations of Turkish civil society regarding accession to the European Union; welcomes the Turkish Government’s recent statements reiterating its commitment to EU membership as a strategic goal amid an effort to revitalise EU-Türkiye relations in line with relevant European Council conclusions in a phased, proportionate and reversible manner; recognises the EU’s commitment to fostering this engagement through enhanced dialogue and cooperation but encourages it to review its expectations for engagement in the foreseeable future, in light of the deterioration of democratic standards that has been pushing the country towards an authoritarian model over the past decade, accelerating recently with the politically motivated arrest of President Recep Tayyip Erdoğan’s main political opponent, Mayor of Istanbul Metropolitan Municipality Ekrem İmamoğlu;

    2.  Stresses that EU membership is contingent on fulfilling the accession (Copenhagen) criteria, which require stable institutions that guarantee democracy, the rule of law, human rights, respect for and the protection of minorities, good neighbourly relations, respect for international law and alignment with the EU CFSP; further notes that these are absolute criteria, not issues subject to transactional strategic considerations and negotiations; stresses that recognition of all Member States is a necessary component of the accession process;

    3.  Regrets, in this regard, that the aforementioned positive statements have not been accompanied by any concrete actions by the Turkish authorities to close the persistent and vast gap between Türkiye and the EU on values and standards, particularly with regard to the fundamentals of the accession process; reiterates its previously adopted conclusion that the Turkish Government continues to show, as it has done for the past few years, a clear lack of political will to carry out the necessary reforms to reactivate the accession process and continues to pursue a deeply entrenched authoritarian understanding of the presidential system;

    4.  Acknowledges the strategic and geopolitical importance of Türkiye, and its increasing presence and influence in areas critical to international security, such as the Black Sea region, including Ukraine, and the Middle East; reiterates that Türkiye is a strategic partner and NATO ally, and a country with which the EU has close relations in the areas of security, trade, economy and migration; welcomes closer cooperation between Türkiye and the EU, to which the Turkish Government has made frequent reference, but stresses that this cannot in any way be a substitute for the necessary real progress which Türkiye, as a candidate country, needs to make with regard to meeting the fundamental requirements for accession; highlights, in this regard, that there are no shortcuts in the accession process and that no argument can be put forward to avoid discussing the democratic principles which are at the core of the accession process;

    5.  Notes that the Commission’s Türkiye report 2024 paints a more positive picture of reform implementation in the context of Türkiye’s accession process than the Türkiye report 2023, shifting from further deterioration to ‘no progress’ with regard to the rule of law and human rights issues; is of the opinion, however, that at least in key areas such as democracy, rule of law and fundamental rights, this is due to the fact that a very low point had already been reached and this situation has remained unchanged;

    6.  Further takes note of a nuanced shift in focus of the Türkiye report 2024, by contrast with the 2023 report, away from the accession process towards a strategic partnership between the European Union und Türkiye; is of the opinion that the critical state of the accession process is driving the Commission and the Council to focus merely on the partnership dimension of the EU’s relations with Türkiye, as is also reflected in the joint communication on the state of play of EU-Türkiye relations of 29 November 2023, and of 22 March 2021; highlights the increasing shift towards a different framework for the relationship, which might come at the expense of the accession process;

    The core of the accession process: democracy, the rule of law and fundamental rights

    7.  Considers that, in terms of human rights and the rule of law, Parliament’s recent resolutions on the matter remain valid in light of the continued dire human rights situation and democratic backsliding in Türkiye over the last year; fully endorses the latest resolutions of the Parliamentary Assembly of the Council of Europe and the related report by its Monitoring Committee, as well as the resolutions adopted by the Committee of Ministers of the Council of Europe, which depict in detail the wide range of serious shortfalls in human rights constantly reported by locally and internationally renowned human rights organisations;

    8.  Notes the Turkish Government’s stated commitment to judicial reform and the introduction of measures of an organisational nature; highlights, however, the need to introduce structural measures ensuring judicial independence; deeply regrets that, despite a reform strategy with nine judicial reform packages, the state of independence of the judiciary in Türkiye remains desolate following systematic government interference in and political instrumentalisation of the judicial system; deplores, in this regard, the weakening of remaining constitutional review mechanisms, particularly individual applications, and the frequent violations of due process;

    9.  Is dismayed by the persecution of legal professionals, including most recently the lawsuit filed by the Istanbul Chief Public Prosecutor’s Office that resulted in the removal of the leadership of the Istanbul Bar Association on charges of ‘making propaganda for a terrorist organization’ and ‘publicly disseminating misleading information’ for having asked for an investigation into the murders of two Kurdish journalists in Syria, and in the imprisonment of one of the members of the Istanbul Bar Association’s executive board following his trip to Strasbourg to hold meetings with Council of Europe institutions;

    10.  Is alarmed by the blatant lack of implementation of decisions by the Constitutional Court, including in the case of MP Can Atalay, which has turned into a serious judicial crisis, with the Court of Cassation filing a criminal complaint against nine judges of the Constitutional Court; is worried by the recent decision of the Court of Cassation to overturn the sentences of and release the terrorists involved in the ISIS attack at Istanbul’s Atatürk Airport, which claimed 45 lives in 2016;

    11.  Calls on Türkiye to strengthen its commitment to democratic governance, especially through reforms that ensure an independent judiciary; takes notes of the recent announcement of the Fourth Judicial Reform Strategy, spanning 2025-2029; calls on the Turkish Government to move from the superficial changes made so far through the recurrent reform packages and action plans to a profound and long overdue reform that will address, through real political will, the serious and structural shortcomings of Türkiye’s judiciary; stresses that putting an end to political interference in the judiciary requires no strategy or reform package but merely the political will to do so;

    12.  Remains deeply concerned by the continued deterioration of democratic standards and relentless crackdown by the Turkish authorities on any critical voices by means of a growing battery of repressive laws, the regular misuse of counterterrorism laws, including their application in relation to minors (as in the ‘Kız Çocukları Davası’ trial), the disproportionate use of the crime of insulting a public official, the extensive use of secret witnesses and dormant cases in flawed judicial proceedings, and the recurrent practice of exaggerated night arrests and home raids to portray targeted persons as extremely dangerous;

    13.  Welcomes the withdrawal in November 2024 of the draft amendment to Türkiye’s espionage laws, known as the ‘agent of influence’ law; urges the Turkish authorities to refrain from reintroducing a similar overly broad and vague law in the future, given the serious risk that it would be used as a tool to further criminalise the legitimate activities of civil society organisations within the country; calls on the Turkish authorities to ensure that the recently approved cybersecurity bill will serve its legitimate purpose of protecting data privacy and national security without giving way to potential infringements of fundamental rights or becoming another tool for further repression; stresses that the judicial apparatus remains heavily restrictive, with a complex web of legislation serving as a tool to systematically control and silence any critical voice, such as the 2020 social media law, the 2021 anti-money laundering law and the 2022 disinformation law;

    14.  Is concerned by the recent approval of legal provisions granting extraordinary powers to the State Supervisory Council (DDK) and the Savings Deposit Insurance Fund (TMSF), including the possibility for the former to dismiss public officials of all types and levels and appoint trustees, which could be used in an arbitrary manner;

    15.  Urges the Turkish authorities to put an end to the current serious restrictions on fundamental freedoms, in particular of expression, of assembly and of association, and to the constant attacks on the fundamental rights of members of the opposition, human rights defenders, lawyers, trade unionists, members of minorities, journalists, academics, artists and civil society activists, among others; strongly condemns the recent waves of mass arrest and imprisonment on politically motivated charges, and on the grounds of suspected terror links, affecting political figures, academics and journalists, including the arrests of Elif Akgül, independent journalist, Yıldız Tar, editor in chief of LGBT+ news site Kaos GL, Ender İmrek, columnist of Evrensel daily, and Joakim Medin, Swedish journalist for ETC, all well known for their work on human rights issues;

    16.  Strongly condemns the recent arrest and detention of the Swedish journalist Joakim Medin; reiterates that freedom of the press is a fundamental right and core EU value; strongly condemns the accusations made against Joakim Medin, which are solely based on his journalistic work and therefore demands his immediate and unconditional release and that of other journalists imprisoned for exercising their freedom of speech;

    17.  Deplores the continued prosecution, censorship and harassment of journalists and independent media, denying them the freedom to carry out their professional duties and inform the public, which is essential to a functioning democratic society; calls on the Turkish authorities to refrain from further attacks on independent media and to uphold fundamental rights and civil liberties such as freedom of speech and of the press; remains deeply concerned by the existing legislation that prevents an open and free internet, with lengthy prison sentences imposed for social media posts, scores of access blocks and content removal orders, and by the continued use of the Radio and Television Supreme Council (RTÜK) to crack down on media criticism and even on outlets deemed to spread ‘pessimism’ instead of positive news;

    18.  Acknowledges the positive developments in relation to the partial lifting by the minister of the interior of restrictions on the weekly vigils of the Saturday Mothers, Cumartesi Anneleri, in Istanbul’s Galatasaray Square, and the recent acquittal of all 46 people prosecuted for more than 6 years in the case surrounding the organisation’s 700th gathering in August 2018; calls for the complete removal of all restrictions on their peaceful protest, in full compliance with the relevant Constitutional Court ruling, and for an end to the ongoing judicial case against several of its members and sympathisers; is concerned by the ongoing trial against prominent human rights defender Nimet Tanrıkulu, who was released on 4 March 2025 after spending 94 days in pre-trial detention; urges the Turkish authorities to ensure the immediate release of all individuals detained for exercising their fundamental freedoms;

    19.  Continues to be appalled by the Turkish authorities’, in particular the Turkish judiciary’s, continuous disregard for and failure to apply landmark ECtHR rulings; reiterates its condemnation of Türkiye’s blatant misuse of the judicial system and the refusal to release from detention human rights defender Osman Kavala and opposition politicians Selahattin Demirtaş and Figen Yüksekdağ,for which Türkiye is facing historical infringement proceedings in the Council of Europe, with long-awaited consequences yet to be determined; is appalled by the recent filing and acceptance of a new indictment against Selahattin Demirtaş in which the Diyarbakır Chief Public Prosecutor’s Office asks for up to 15 years of imprisonment and a ban on his political activities on the basis of several speeches he made in 2016; calls on Türkiye to fully comply with the ECtHR judgements related to missing persons and properties (inter alia in the Fokas case) in Cyprus; deplores the politically motivated nature of these prosecutions, which form part of a broader pattern of judicial harassment; calls on Türkiye to fully implement all judgments of the ECtHR in line with Article 46 of the ECHR and in line with the unconditional obligations derived from Article 90 of the Turkish constitution; calls on the European Commission and Member States to use all diplomatic channels to urge Türkiye to implement relevant ECtHR rulings and consider implementing relevant funding conditionality in relation to compliance with ECtHR rulings;

    20.  Calls on Türkiye to respect the European Court of Human Rights decision of 24 January 2008, which found Türkiye guilty of breaching Article 2 of the European Convention on Human Rights, due to its failure to locate and prosecute those responsible in the case of the murders of Tassos Isaak and Solomos Solomou, which were committed in Cyprus in 1996; calls on the Turkish authorities to enforce the international arrest warrants against the murder suspects, and hand them over to the Republic of Cyprus;

    21.  Expresses its deep concern about the dire situation in Turkish prisons owing to severe overcrowding and poor living conditions, with reports, including by the Council of Europe, of torture and ill-treatment being widespread, and access to basic needs such as hygiene and information being severely limited; is particularly worried by the conditions of imprisonment of elderly and seriously ill prisoners, such as the case of Soydan Akay, who is being unjustly kept imprisoned; calls for his immediate release on humanitarian and health grounds; is concerned by the continued use of humiliating strip searches in prisons and other places of detention and by the persisting harassment of MP Ömer Faruk Gergerlioğlu, who is currently facing six proceedings for the removal of his parliamentary seat and immunity, among other reasons for his having denounced this very practice;

    22.  Strongly condemns the Turkish Government’s decision to dismiss, following the March 2024 local elections, the democratically elected mayors of at least 13 municipalities and districts (Hakkari, Mardin, Batman, Halfeti, Tunceli, Bahçesaray, Akdeniz, Siirt, Van and Kağızman, won by the DEM Party; and Esenyurt Ovacık and Şişli, won by CHP Party) and to replace them with government trustees appointed by the interior ministry; regards this long-standing practice of appointing trustees as a blatant attack on the most basic principles of local democracy; urges the Turkish authorities to immediately cease and reverse repression of political opposition and to respect the rights of voters to elect their chosen representatives in line with the recommendations of the Congress of Local and Regional Authorities of the Council of Europe and the Venice Commission; reiterates its call on the VP/HR to consider restrictive measures under the EU Global Human Rights Sanctions Regime against Turkish officials assuming the role of trustee and those appointing them; denounces the severe repression of protests against the removal of elected mayors, including the arbitrary arrest of hundreds of protesters, some of whom were minors; regards the decision of the Turkish Government to return to this practice after the last local elections of March 2024 as a clear sign of its lack of commitment to addressing the democratic shortcomings within the country and in clear contradiction to the declared willingness to revitalise the accession process, as such actions undermine the prospects for a stronger, more comprehensive partnership with the EU and are detrimental to long-term progress towards closer cooperation;

    23.  Deplores the permanent targeting of political parties and members of the opposition, who continue to suffer increasing pressure; condemns in the strongest terms the recent arrest and removal from office of the Istanbul Metropolitan Municipality CHP Mayor Ekrem İmamoğlu, along with the mayors of Şişli and Beylikdüzü, in the framework of two separate investigations on alleged corruption and terrorist-related charges involving a total of 106 suspects; highlights that these last cases, which are part of a long list of 42 administrative and 51 judicial investigations since İmamoğlu’s election in 2019, were launched just a few days before the internal party election to nominate him presidential candidate and the day after the controverted decision by Istanbul University to revoke his diploma, a requisite for his eligibility to be President; is appalled by the decision to temporarily ban all demonstrations in Istanbul and other provinces across the country, and the slowdown on social media; condemns the Turkish authorities’ harsh crackdown on the peaceful mass protests, including the detention of nearly 2000 people, many of them students, and the prosecution of hundreds of them through hasty mass trials with a lack of any evidence of criminal wrongdoing; expresses its deep concern over the unlawful arrest of Esila Ayık, a Ghent-based photography student detained on 8 April 2025 during protests in Istanbul, particularly owing to her untreated heart and kidney conditions; calls for the immediate release of all those still in detention and the acquittal of all those prosecuted for exercising their fundamental rights; deplores the arrests, detentions and deportations of local and international journalists covering the protests, in violation of the freedom of the press; urges the Turkish authorities to promptly and effectively investigate all allegations of harassment and excessive use of force against protesters and to uphold the freedom of assembly and protest; considers that the attacks against İmamoğlu constitute a politically motivated move aimed at preventing a legitimate challenger from standing in the upcoming elections and that with these actions the current Turkish authorities are further pushing the country towards a fully authoritarian model; regrets the EU’s lack of a strong, unified response to these alarming developments;

    24.  Further expresses its concern about the recent separate cases against Istanbul’s Beşiktaş district CHP Mayor Rıza Akpolat, Istanbul’s Beykoz district CHP Mayor Alaattin Köseler, CHP Youth Branch Chair Cem Aydın, and Zafer Party Chair Ümit Özdag; is appalled by the brutal and relentless crackdown on any kind of criticism to which all sectors of Turkish society have recently been subjected by the Turkish authorities, as illustrated, among others, by the case of Ayşe Barım, a well-known talent manager imprisoned since 27 January 2025 for alleged involvement in the Gezi Park protest 12 years ago, the investigation launched against Orhan Turan and Ömer Aras, the president and an executive of TÜSIAD, the country’s main business group, and the indictment, with the aim of imposing hefty prison sentences, of Halk TV Editor-in-Chief Suat Toktaş and journalists Seda Selek, Barış Pehlivan, Serhan Asker and Kürşad Oğuz, who have been provisionally acquitted; is concerned by the involvement in these and other cases of recently appointed Istanbul Chief Public Prosecutor Akın Gürlek, who has a long record of involvement, in different positions, in high-profile cases against political figures, and which may give grounds for considering the application of restrictive measures under the EU Human Rights sanction regime; is also concerned by the growing financial pressure on opposition municipalities and controversial announcements, such as that made in relation to day-care centres run by opposition municipalities;

    25.  Expresses its deep concern at the deterioration in women’s rights, at gender-based violence and at the increase in the incidence of femicide in Türkiye in 2024, which has been the highest since 2010, the year before the signing of the Istanbul Convention; reiterates its strong condemnation of Türkiye’s withdrawal, by presidential decree, from this international agreement and reiterates its call to reverse this decision; urges the Turkish authorities to improve the legislative framework and its implementation, including by fully applying Protection Law no. 6284, in order to effectively tackle all forms of violence against women and the practice of so-called ‘honour killings’, end the persistent policy of impunity by holding abusers to account, and advance towards gender equality, particularly with regard to the participation of women in decision-making and policymaking processes; warns against further encroachments on women’s rights, as exemplified by Türkiye’s recent ban on elective caesarean sections at private medical centres without medical justification, which constitutes an unacceptable infringement on women’s bodily autonomy;

    26.  Strongly condemns the ongoing violations and lack of protection of the fundamental rights of LGBTI+ persons in Türkiye, including the increased incidence of hate speech, hate crimes and discriminatory rhetoric, as well as continued media stereotyping based on sexual orientation and gender identity; deplores the fact that this continued discrimination is often sanctioned by the authorities, as evidenced by the mass arrests made during the Pride March in 2023 and the banning of the march in 2024, while anti-LGBTI+ marches were permitted; urges the Turkish authorities to stop banning activities against homophobia, including Pride marches, with immediate effect;

    27.  Welcomes the increased dialogue with Christian minorities, but stresses that no significant progress has been registered with regard to the protection of the rights of ethnic and religious minorities, in particular as regards their legal personality, including those of the Greek Orthodox population of the islands of Gökçeada (Imvros) and Bozcaada (Tenedos); calls for Türkiye to implement the Venice Commission recommendations and all relevant ECtHR rulings in this regard; notes with concern that representatives of different confessions, including non-Muslim and Alevi communities, continue to face bureaucratic obstacles when attempting to register places of worship; highlights that this is a violation of the right to freedom of religion and belief; calls on Türkiye to adopt the long-awaited regulation on the election of board members in non-Muslim minority foundations controlling community hospitals; reiterates its call on Türkiye to respect the role of the Ecumenical Patriarchate for Orthodox Christians all over the world and to recognise its legal personality and the public use of the ecclesiastical title of Ecumenical Patriarch; calls on Türkiye to fully respect and protect the outstanding universal value of Hagia Sophia and the Chora museum, which are inscribed on UNESCO’s World Heritage List; notes with concern that Türkiye has still not implemented two decisions of the UNESCO World Heritage Committee of 2021 and 2023 regarding its obligations to undertake special measures to protect these monuments; deplores the lack of protection of Panagia Soumela Monastery, which has been put forward for inclusion in the UNESCO World Heritage Monuments list; stresses the need to eliminate restrictions on the training, appointment and succession of clergy; welcomes the envisaged reopening of the Halki Seminary and calls for the lifting of all obstacles to its proper functioning; calls on the Turkish authorities to effectively investigate and prosecute people responsible for any hate crimes, including hate speech, committed against minorities; condemns the antisemitic statements made in the media and by high-level officials following the Hamas terrorist attacks against Israel on 7 October 2023; notes that all of these practices against any religious minority are incompatible with EU values;

    28.  Welcomes Abdullah Öcalan’s recent call on the PKK to lay down arms and dissolve, and to engage in a peace process, as a historic and long-awaited step that could help end a period of 40 years of violence that has caused more than 40 000 deaths; praises the efforts made by all stakeholders involved to facilitate these developments, including the constructive approach of different political leaders that was started by MHP leader Devlet Bahçeli, the visits to Imrali prison granted to a delegation of the DEM Party, and the broad consultations that this party has led with other political parties; underlines that this represents a significant opportunity and must be followed by an inclusive political process, with a prominent role for the Turkish Parliament, aimed at the peaceful and sustainable resolution of the Kurdish issue in its political, social, democratic and security-related aspects; stresses the need to uphold human rights, political pluralism, and civil rights for all citizens, including Kurds; regrets the continued political repression, judicial harassment and restrictions on cultural and linguistic rights faced by Kurdish citizens, which undermine democratic principles and social cohesion;

    Regional cooperation and good neighbourly relations

    29.  Continues to commend Türkiye for hosting around 3,1 million refugees, including 2,9 million Syrians under temporary protection in 2024, down from 3,2 million in 2023; reiterates the importance of Türkiye’s collaboration for the effective and orderly management of migration flows; further welcomes the fact that since 2011 the EU has contributed close to EUR 10 billion to assist Türkiye in hosting refugees; notes that some EU funding has been allocated to strengthening Turkish border control and containment capabilities; welcomes the EU’s decision to allocate an additional EUR 1 billion in December 2024 to further support the healthcare, education, and integration of refugees in Türkiye since the fall of the Assad regime; at the same time, notes that these funds had already been pledged in May 2024, and therefore do not constitute new funds; calls on the Commission to ensure utmost transparency and accuracy in the allocation of funds and that EU-funded projects, particularly those related to removal centres and border control, comply with all relevant human rights standards; is alarmed by credible reports uncovering grave human rights violations at EU-funded removal centres in Türkiye and calls on the Commission to launch a transparent and independent review into the matter; notes with concern that a continuing increase in asylum applications has been registered in the Republic of Cyprus over recent years; recalls Türkiye’s obligation to take all necessary measures to halt the existing illegal migration routes and prevent the creation of new sea or land routes for illegal migration from Türkiye to the EU, particularly to Greece and the Republic of Cyprus; points out the risks related to any possible instrumentalisation of migrants by the Turkish Government; underlines the need to ensure the protection of all refugees’ and migrants’ rights and freedoms; calls on Türkiye to ensure the full and non-discriminatory implementation of the EU-Turkey Statement of 2016 and the EU-Türkiye Readmission Agreement vis-à-vis all Member States, including the Republic of Cyprus; expresses cautious hope that developments in Syria will gradually allow an increasing number of refugees to return home; reiterates that returns should only be carried out on a voluntary basis and under conditions of safety and dignity; condemns repeated violent attacks against refugees and migrants fuelled by xenophobic rhetoric among politicians and host communities; calls on the European Commission and the EU Member States to increase their efforts to preserve humanitarian and protection space for Syrian refugees in Türkiye and to uphold the principle of non-refoulement as a cornerstone of EU policies;

    30.  Reiterates its strong interest in stability and security in the Eastern Mediterranean; welcomes the continued de-escalation and positive momentum in the region and the recent climate of re-engagement between Türkiye and Greece, albeit that unresolved issues continue to affect bilateral relations; deplores the fact that Türkiye continues to violate the sovereignty and sovereign rights of EU Member States, such as Greece and the Republic of Cyprus, including through the promotion of the Blue Homeland doctrine; underlines that, although Turkish violations of Greek airspace have drastically decreased, violations of Greek territorial waters have risen compared to 2023, and systematic illegal fishing activities have been conducted by Turkish vessels within Greek territorial waters; expresses its deep concern that Türkiye continues to uphold a formal threat of war against Greece (casus belli), should the latter exercise its lawful right to extend its territorial waters up to 12 nautical miles into the Aegean Sea, in accordance with Article 3 of the United Nations Convention on the Law of the Sea; calls on Türkiye to fully respect the sovereignty of all EU Member States over their territorial sea and airspace, and their other sovereign rights, including the right to explore and exploit natural resources in accordance with EU and international law, including the United Nations Convention on the Law of the Sea (UNCLOS), which is part of the EU acquis; reiterates its view that the memorandum of understanding between Türkiye and Libya on delimitation of the maritime jurisdiction areas in the Mediterranean infringes upon the sovereign rights of third States, does not comply with the Law of the Sea and cannot produce any legal consequences for third States;

    31.  Regrets the fact that the Cyprus problem remains unresolved, and calls for serious reengagement and the political will of all parties involved to bring about peaceful UN-led negotiations, with a view to achieving real progress in the Cyprus settlement talks; welcomes the resumption of informal talks under the auspices of the UN Secretary-General on 18 and 19 March 2025, which were held in a constructive atmosphere in which both sides showed a clear commitment to making progress and continuing dialogue; welcomes the agreement between both sides on opening four crossing points, demining, establishing a youth affairs committee and launching environmental and solar energy projects, as part of a new set of confidence-building measures; encourages all sides to use this momentum to move towards the resumption of negotiations;

    32.  Strongly reaffirms its view that the only solution to the Cyprus problem is a fair, comprehensive, viable and democratic settlement, including of its external aspects, within the agreed UN framework, on the basis of a bi-communal, bi-zonal federation with a single international legal personality, single sovereignty, single citizenship and political equality, as set out in the relevant UN Security Council resolutions, the agreed areas of convergence and the Framework of the UN Secretary General, as well as in accordance with international law and the principles and values on which the Union is founded; strongly condemns Türkiye’s attempts to upgrade the secessionist entity’s status in occupied Cyprus, including via the Organisation of Turkic States, and calls on all states to respect Cyprus’ sovereignty according to UNSC resolutions; calls, as a matter of urgency, for the resumption of negotiations on the reunification of Cyprus under the auspices of the UN Secretary-General as soon as possible, from the point at which they were interrupted in Crans-Montana in 2017; calls on Türkiye to abandon the unacceptable proposal for a two-state solution in Cyprus and to return to the agreed basis for a solution and the UN framework; further calls on Türkiye to withdraw its troops from Cyprus and refrain from any unilateral action which would entrench the permanent division of the island and from action altering the demographic balance;

    33.  Calls on Türkiye to respect the status of the buffer zone and the mandate of the UN Peacekeeping Force in Cyprus (UNFICYP); reiterates its call for cooperation among the Republic of Cyprus, Türkiye, the United Kingdom and the UN to implement concrete measures for a demilitarisation of the buffer zone, and to improve security on the island; urges Türkiye and the Turkish Cypriot leadership to reverse all unilateral actions and violations within and in the vicinity of the buffer zone and refrain from any further such actions and provocations; condemns the ongoing ‘opening’ of Varosha by Türkiye, as this negatively alters the situation on the ground, undermines mutual trust and negatively impacts the prospects for the resumption of direct talks on the comprehensive solution of the Cyprus problem; calls on Türkiye to reverse its illegal actions in violation of UN Security Council resolutions 550(1984) and 789(1992) on Varosha, which call on Türkiye to transfer the area of Varosha to its lawful inhabitants under the temporary administration of the UN, and to withdraw from Strovilia and facilitate the full implementation of the Pyla Understanding;

    34.  Reiterates its deep concern regarding all unilateral actions which aim at entrenching on the ground the permanent division of Cyprus as opposed to its reunification; condemns, in this context, the recent illegal visit of President Erdoğan to the occupied areas of the Republic of Cyprus, as well as his provocative statements, which jeopardise the efforts of the UN, the EU, the international community at large and other parties involved for the resumption of substantial negotiations in the agreed framework; regrets that such unilateral actions are tantamount to a direct illegitimate intervention against the interests of the Greek and Turkish Cypriot communities;

    35.  Reiterates its call on Türkiye to give the Turkish Cypriot community the necessary space to act in accordance with its role as a legitimate community of the island, which is a right guaranteed by the constitution of the Republic of Cyprus; reiterates its call on the Commission to step up its efforts to engage with the Turkish Cypriot community, with a view to facilitating the resolution of the Cyprus problem and recalling that its place is in the European Union; calls for all parties involved to demonstrate a more courageous approach to bringing the communities together; stresses the need for the EU body of law to be implemented across the entire island following a comprehensive resolution of the Cyprus problem;

    36.  Takes note of the significant work of the Committee on Missing Persons in Cyprus (CMP) and calls for improved access to occupied military zones by the Turkish army, access to its military archives and information as to the relocation of remains from former to subsequent burial sites; remains deeply concerned about the education and religious restrictions and impediments faced by the enclaved Greek Cypriots; calls on Türkiye to step up its cooperation with the Council of Europe and its relevant bodies and institutions, to address their key recommendations, to fully implement the European Convention of Human Rights with regard to respecting the freedom of religion and the freedom of opinion and expression, and the right to access and enjoy cultural heritage, and to stop the deliberate destruction of cultural and religious heritage; condemns the repeated attempts by Türkiye to intimidate and silence Turkish Cypriot journalists, trade unionists, human rights defenders and progressive citizens in the Turkish Cypriot community, thus violating their right to freedom of opinion and expression; calls on Türkiye to halt its proclaimed aggressive policy of the sale and exploitation of Greek Cypriot properties, a policy designed to create irreversible effects on the ground and which completely disregards the European Code of Human Rights ruling on this issue;

    37.  Regrets Türkiye’s continuing refusal to comply with aviation law and establish a channel of communication between air traffic control centres in Türkiye and the Republic of Cyprus, the absence of which entails real safety risks and dangers as identified by the European Union Aviation Safety Agency and the International Federation of Air Line Pilots’ Associations; regrets, too, its denial of access to vessels under the flag of one Member State to the Straits of Bosporus and the Dardanelles; takes the view that these could be areas where Türkiye can prove its commitment to confidence building measures and calls on Türkiye to collaborate by fully implementing EU aviation law; regrets that Türkiye has continued its attempts to impede the implementation of the Great Sea Interconnector, an EU project of common interest, and has persisted in its plans for an illegal electricity interconnector with the occupied area of Cyprus;

    38.  Regrets that for 20 years Türkiye has refused to implement the obligations assumed towards the EU, including those in relation to Cyprus, as per the Negotiating Framework of October 2005; stresses that recognition of all Member States is a necessary component of the accession process; reiterates its call on Türkiye to fulfil its obligation of full, non-discriminatory implementation of the Additional Protocol to the Ankara Agreement in relation to all Member States, including the Republic of Cyprus; further calls on Türkiye to ensure that the human and political rights of all Cypriots are fully respected and that compliance with the fundamental principles of the European Union and the European acquis is guaranteed;

    39.  Affirms its support for a free, secure and stable future for Syria and its citizens and highlights the need for an inclusive and peaceful political transition process that is Syrian-led and Syrian- owned, including the protection and inclusion of religious and ethnic communities; expresses its commitment to constructive cooperation between the EU and Türkiye to that end, on humanitarian aid, promoting a sustainable political solution in Syria, and the fight against DAESH, given that Türkiye has a key role in promoting stability in the region; recalls that Syria’s sovereignty must be restored; acknowledges the importance of rebuilding Syria’s economy as a pillar of long-term stability and prosperity for the region; calls on Türkiye to respect Syria’s territorial integrity and sovereignty and immediately cease all attacks and incursions on and occupation of Syrian territory in full compliance with international law; condemns the attacks carried out in recent weeks, taking advantage of the collapse of the Assad regime, by Turkish-backed militias against Syrian Kurdish forces in the north of Syria; expresses deep concern, as these attacks increase the number of internally displaced persons but also threaten the efficiency and continuity of the fight against Daesh; notes that its ongoing presence risks further destabilising and undermining efforts towards a sustainable political resolution in Syria; further notes that, citing security concerns, Türkiye also illegally occupies areas in Iraq; reiterates that civilian populations should never be the victim of military self-defence; calls for the necessary investigation into the cases in which there have been civilian casualties and to stop the crackdown on journalists working in the area; calls on Türkiye to support the process of implementing the agreement between the Syrian transitional government and the Kurdish-led SDF and refrain from any interference in Syria’s internal processes;

    40.  Supports the normalisation of relations between Armenia and Türkiye in the interests of reconciliation, good neighbourly relations, regional stability and security and socio-economic development, and welcomes the progress achieved so far; welcomes the continued efforts to restore links between the two countries; urges Türkiye to ensure the speedy implementation of agreements reached by the Turkish and Armenian Governments’ special representatives, such as the opening of the airspace and the border between the two countries for the third country nationals, and, subsequently, for holders of diplomatic passports; welcomes the temporary opening of the Margara-Alican border crossing between Armenia and Türkiye to facilitate the delivery of humanitarian aid to Syria; expresses the hope that these developments may give impetus to the normalisation of relations in the South Caucasus region, also in terms of security and socio-economic development, and stresses the EU’s interest in supporting this process; encourages Türkiye to play a constructive role in promoting regional stability by facilitating the swift conclusion of the peace process between Armenia and Azerbaijan, inter alia by exerting its influence on Azerbaijan and by deterring Azerbaijan from any further military action against Armenian sovereignty; encourages Türkiye once again to acknowledge the Armenian genocide in order to pave the way for genuine reconciliation between the Turkish and Armenian peoples and to fully respect its obligations to protect Armenian cultural heritage;

    41.  Notes that Türkiye’s stance in relation to Russia’s war of aggression against Ukraine continues to affect EU-Türkiye relations, as Türkiye attempts to maintain ties with both the West and Russia simultaneously; notes Türkiye’s diplomatic attempts to mediate between Russia and Ukraine, particularly regarding the Black Sea Grain Initiative, as well as its continued support for the territorial integrity and sovereignty of Ukraine, including its vote in favour of UN General Assembly resolutions condemning the Russian aggression against Ukraine; regrets that, on the other hand, trade between Türkiye and Russia has risen sharply since the start of the war in Ukraine, making Türkiye Russia’s second largest trading partner despite EU sanctions against Russia, and that Türkiye is the only NATO member state not having imposed any sanctions on Russia; further notes that the European Union’s anti-fraud office, OLAF, has initiated an investigation into a loophole that enables countries like Türkiye to rebrand sanctioned Russian oil and export it to the EU; welcomes, however, positive steps such as Türkiye’s blocking of exports to Russia for certain dual use goods, as well as products originating in the United States and the United Kingdom that are of benefit to Russian military action; reiterates its call on the Turkish Government to halt its plans for the Akkuyu Nuclear Power Plant, which will be built, operated and owned by Russia’s state atomic energy corporation, Rosatom; expresses concern at Türkiye’s ongoing discussions with Russia to establish a gas-trading hub in Istanbul, scheduled to begin operations in 2025;

    42.  Welcomes Türkiye’s participation in various crisis management missions and operations (within the framework of the common security and defence policy); regrets, however, the further deterioration in the level of alignment on common foreign and security policy positions, including on sanctions and countering the circumvention of sanctions, which has fallen to a historically low rate of 5 %, the lowest rate for any accession country; recalls that EU candidate countries are required to progressively align with the common foreign and security policy of the European Union and comply with international law; regrets that Türkiye has not undertaken any steps in this regard, notably by failing to align with EU sanctions against Russia, and that in many areas of mutual interest the foreign policies of the EU and Türkiye are worryingly divergent; urges Türkiye to align with and fully implement the EU sanctions against Russia, including on anti-circumvention measures and to cooperate closely with the EU’s Sanctions Envoy;

    43.  Stresses the importance of reinforcing EU-Türkiye cooperation in global security matters, particularly in light of the changing geopolitical landscape and potential shifts in US foreign policy; expresses cautious hope that recent informal engagement, such as the participation of the Turkish Foreign Minister in the informal meeting of EU foreign affairs ministers in 2024, may provide an impetus towards better relations; acknowledges Türkiye’s key role as an ally in NATO and welcomes the Turkish Parliament’s decision to ratify Sweden’s NATO accession in January 2024; recalls, in this regard, that Türkiye has a key responsibility to foster stability at both regional and global levels and is expected to act in line with its NATO obligations, especially given the current geopolitical upheavals; encourages constructive engagement in a more structured and frequent political dialogue on foreign, security and defence policy to seek collaboration on convergent interests while working to reduce divergences, particularly with regard to removing persistent obstacles to the enhancement of a genuine relationship between the EU and NATO, including the acquisition from Russia of the S-400 air defence system; remains duly concerned that Türkiye continues to exclude a Member State from cooperation with NATO;

    44.  Welcomes Türkiye’s long-standing position in favour of a two-state solution for the Israeli-Palestinian conflict, its calls for a ceasefire in the Israel-Hamas war, and its ongoing efforts to supply humanitarian aid to Gaza throughout the conflict; deeply regrets, at the same time, the Turkish authorities’, including the President’s, active support for the EU-listed terror group Hamas and their stance on the attack against Israel on 7 October 2023, which the Turkish Government failed to condemn; points out that Türkiye’s open support for Hamas and its refusal to designate it a terrorist organisation is not compatible with the EU’s foreign and security policy; calls, therefore, for a revision of this position;

    45.  Notes with concern that Türkiye has asked to be a member of BRICS+ and been offered ‘partner country’ status, and is considering the same for the Shanghai Cooperation Organisation (SCO), where it holds the status of a dialogue partner; expresses serious concern over Türkiye’s increasing interest in an alternative partnership framework, which is fundamentally incompatible with the EU accession process; insists that Türkiye’s new status as a BRICS partner country must not affect Türkiye’s responsibilities within NATO; notes that Türkiye has been cultivating cooperation formats, partnerships and regional alliances beyond the EU; is concerned by Türkiye’s tendency to use this multi-vector approach to advance its interests without committing to a full-fledged cooperation with any of these alliances;

    46.  Remains concerned by the Turkish Government’s use of the Turkish diaspora as an instrument for occasional meddling in EU Member States’ domestic policies;

    Socio-economic and sustainability reforms

    47.  Welcomes Türkiye’s return to a more conventional economic and monetary policy, while maintaining robust growth and a moderate budget deficit; regrets, however, that the cost of this is yet again being borne by citizens in the form of higher interest rates; highlights that social vulnerabilities have increased, particularly among children and older people, primarily due to the absence of a comprehensive poverty reduction strategy and income inequalities; underlines the necessity for the Turkish authorities to implement comprehensive social protection measures, strengthen collective bargaining rights and ensure that economic reforms prioritise reducing inequality and creating decent work opportunities;

    48.  Regrets the fact that despite the progress observed in economic and monetary policies, other actions by the Turkish Government affecting the rule of law continue to undermine basic principles such as legal certainty, which impacts negatively on Türkiye’s potential capacity to receive investments; welcomes the removal of Türkiye from the grey list of the Financial Action Task Force (FATF) in June 2024, following significant progress in improving its anti-money laundering regime and combating the financing of terrorism;

    49.  Welcomes Türkiye’s increased investment activity in the green energy sector and calls on Türkiye to continue improving the compatibility of its energy policy with the EU acquis, exploiting Türkiye’s enormous potential in renewable energy; expresses concern about the lack of any significant progress on climate action, in particular owing to the absence of a comprehensive climate law, a domestic emissions trading system, and a long-term low-emission development strategy, which undermines its 2053 climate neutrality target; highlights the need for a robust legal framework and stricter enforcement mechanisms to safeguard environmental and natural resources; urges Türkiye to align its environmental policies with the EU acquis, including respecting natural habitats when conducting mining projects, and underlines the importance of Türkiye’s adherence to the Aarhus Convention; commends the work of environmental rights defenders in Türkiye and warns against the dire environmental impact of extensive government projects, such as the expansion of its copper mining activities in Mount Ida (Kaz Daglari);

    50.  Highlights the fact that Türkiye has taken steps to diversify energy supplies and increase its renewable energy share; notes that the country is the seventh largest LNG market and highlights its potential as a regional energy hub; takes note that Türkiye has subscribed to the global goals on energy efficiency and renewable energy capacity by 2030; calls on the Commission to take into account Türkiye’s potential as a regional energy hub in initiatives to increase the installed renewable capacity in the Mediterranean region and in the development of the New Pact for the Mediterranean, and calls for energy cooperation to be part of the common agenda;

    51.  Observes some improvements in labour market conditions and points out a number of pending critical challenges, such as informal employment, the gender gap, and income inequality; is worried about the low coverage of collective bargaining and the lack of recognition of trade union rights for certain public sector employees; believes that more efforts are needed to enhance social dialogue mechanisms and address emerging occupational safety challenges; recalls that trade union freedom and social dialogue are crucial to the development and prosperity of a pluralistic society; deplores, in this regard, the recent detentions of trade unionists including Remzi Çalişkan, vice-president of the DISK confederation, and president of Genel-Iş, who was released after a month in prison, Kemal Göksoy, President of the Mersin Branch of Genel-İş, who remains in prison, and Mehmet Türkmen, chair of the textile sector union BİRTEK SEN, who was detained on 14 February 2025;

    Wider EU-Türkiye relations

    52.  Reiterates its firm conviction that, beyond the currently frozen accession process, Türkiye is a country of strategic relevance, a key partner for the stability of the wider region and plays an important role in addressing security challenges, migration management, counterterrorism, and energy security; stresses the importance of maintaining constructive dialogue and deepening cooperation in areas of mutual strategic interest; points towards a number of policy areas for future engagement, whether it be the green transition, trade, energy, a modernised customs union and visa liberalisation, among others; recalls, however, that democratic backsliding and non-alignment with the CFSP are not conducive to significant progress being made in that regard; reaffirms that the EU is committed to pursuing the best possible relations with Türkiye, based on dialogue, respect and mutual trust, in line with international law and good neighbourly relations;

    53.  Stresses the importance of encouraging deeper partnership in all economic sectors, to the benefit of the EU and all of its Member States and Türkiye; notes in particular the importance of cooperation in the fields of energy, innovation, artificial intelligence, health, security and migration management, among others; in this regard, notes that various high-level dialogues (HLDs) were held recently, including the HLD on trade and the HLD on economy, as steps towards pragmatic forms of cooperation in areas of mutual importance; calls again for the resumption of all relevant HLDs and for the establishment of structured HLDs on sectoral cooperation, to address common challenges and explore opportunities, on the condition that such cooperation must go hand-in-hand with clear and consistent conditionality grounded in respect for democratic principles, the rule of law and fundamental rights, as previously underlined in this resolution;

    54.  Stands ready to support an upgraded customs union with a broader, mutually beneficial scope, which could encompass a wide range of areas of common interest, including digitalisation, Green Deal alignment for green energy policies, public procurement, sustainable development commitments, and due diligence, contributing to the economic security of both sides; supports accompanying this upgraded customs union with an efficient and effective dispute settlement mechanism; underlines the fact that for Parliament to give its consent at the end of the process, such a modernisation would need to be based on strong conditionality related to human rights and fundamental freedoms, respect for international law and good neighbourly relations, including Türkiye’s full implementation of the Additional Protocol on extending the Ankara Agreement to all Member States without exception and in a non-discriminatory fashion;

    55.  Notes with deep regret that no progress has been made by Türkiye towards meeting the required benchmarks for visa liberalisation; reiterates its willingness to start the visa liberalisation process as soon as the Turkish authorities fully fulfil the six clearly outstanding benchmarks in a non-discriminatory manner vis-à-vis all EU Member states while aligning with EU visa policy; regrets that Turkish citizens are facing problems with visa requests/applications to EU Member States owing to a marked increase in demand and fears of abuse of the system; recognises, however, the political commitment to improving access to visas and calls for intensified efforts on both sides to address the remaining technical and administrative barriers; calls on the EU Member States to increase the resources allocated to this matter; supports measures on visa facilitation, particularly with regard to business activities and Erasmus students; deeply regrets the constant attempts by the Turkish authorities to blame the EU for not making progress on this dossier, while not taking any necessary steps to comply with the remaining benchmarks; reminds Türkiye that the lack of tangible and cumulative progress on the pending conditions has a direct impact on business activities and Erasmus students; appreciates the invaluable contribution of Erasmus+ exchanges in providing rich cross-cultural educational opportunities; regrets, however, the poor oversight on the part of the Commission, exemplified by the Erasmus partnership with Gaziantep Islam Science and Technology University, whose leadership publicly expressed support for terrorist acts; calls on the Commission to ensure that partner universities respect the EU Charter of Fundamental Rights by conducting ex ante verifications and regular controls;

    The way forward for EU-Türkiye relations

    56.  Considers, in view of the above, that the Turkish Government has failed to take the necessary steps to address the existing fundamental democratic shortcomings within the country and therefore reiterates its view that Türkiye’s EU accession process cannot be resumed in the current circumstances, despite the democratic and pro-European aspirations of a large part of Turkish society; recalls that, as in the case of any other candidate, the accession process is contingent on full compliance with the Copenhagen criteria and on the normalisation of relations with all EU Member States;

    57.  Urges the Turkish Government and the EU institutions and Member States to continue working, beyond the currently frozen accession process, on the basis of the relevant Council and European Council conclusions and the established conditionality, towards a closer, more dynamic and strategic partnership with particular emphasis on climate action, energy security, counter-terrorism cooperation and regional stability; insists on the need to begin a process of reflection on how this new constructive and progressive framework for EU-Türkiye relations can encompass the interests of all parties involved, for example by modernising and enhancing the current Association Agreement; underlines that such a positive process must be based on and matched by tangible progress in Türkiye as regards CFSP alignment, democracy, the rule of law and respect for fundamental values;

    58.  Considers the joint communication of 29 November 2023 on the state of play of EU-Türkiye relations a good basis on which to move forward in the overall relations between the EU and Türkiye; regrets the lack of a clear political endorsement of this joint communication so far by the Council; reiterates that recognition of all EU Member States is a necessary component of any agreement between the EU and Türkiye; stresses that Türkiye’s constructive engagement, including in relation to the Cyprus problem, remains key to advancing closer cooperation between the EU and Türkiye;

    59.  Warns, nevertheless, that a further drift towards authoritarianism by the Turkish authorities, such as we have been witnessing recently, will ultimately have a severe impact on all dimensions of EU-Türkiye relations, including trade and security cooperation, as it prevents the trust and reliability needed between partners and antagonises both sides in the current geopolitical scene;

    60.  Continues to acknowledge and commend the democratic and pro-European aspirations of the majority of Turkish society (particularly among Turkish youth), whom the EU will not forsake; regards these aspirations as a major reason for keeping Türkiye’s accession process alive; calls therefore on the Commission to uphold and increase its political and financial support to the vibrant and pro-democratic civil society in Türkiye, whose efforts can contribute to generating the political will necessary for deepening EU-Türkiye relations; highlights, nevertheless, that the resumption of the accession process depends on the unwavering political will of Türkiye’s authorities and society to become a full-fledged democracy, which cannot be forced upon it by the EU;

    61.  Reiterates its call to strengthen and deepen mutual knowledge and understanding between our societies, promoting cultural growth, socio-cultural exchanges and combating all manifestations of social, religious, ethnic or cultural prejudice; encourages Türkiye and the EU to promote shared values, particularly by supporting young people; reiterates its utmost commitment to sustaining and increasing support for Türkiye’s independent civil society;

    o
    o   o

    62.  Instructs its President to forward this resolution to the President of the European Council, the Council and the Commission; asks that this resolution be translated into Turkish and forwarded to the President, Government and Parliament of the Republic of Türkiye.

    (1) OJ L 134, 7.5.2014, p. 3, ELI: http://data.europa.eu/eli/agree_internation/2014/252/oj.
    (2) OJ C, C/2024/1760, 22.3.2024, ELI: http://data.europa.eu/eli/C/2024/1760/oj.
    (3) OJ C 493, 27.12.2022, p. 2.
    (4) OJ C 425, 20.10.2021, p. 143.
    (5) OJ C, C/2024/6746, 26.11.2024, ELI: http://data.europa.eu/eli/C/2024/6746/oj.
    (6) OJ C 328, 6.9.2016, p. 2.
    (7) OJ C 465, 6.12.2022, p. 112.
    (8) OJ C, C/2025/206, 14.1.2025, ELI: http://data.europa.eu/eli/C/2025/206/oj.
    (9) Texts adopted, P10_TA(2025)0016.

    MIL OSI Europe News

  • MIL-OSI USA: Read More (U.S. Rep. Greg Steube Announces Veterans History Project Interview Featuring Musician Third Class Dennis White, United States Navy)

    Source: United States House of Representatives – Congressman Greg Steube (FL-17)

    May 13, 2025 | Press Releases

    View the Video Here.
    SARASOTA – U.S. Representative Greg Steube (R-Fla.) today released the latest installment of the Veterans History Project Series, featuring Musician Third Class Dennis White, United States Navy. A lifelong musician and the recipient of the John Philip Sousa Award at his high school in Springfield, Ohio, White’s journey to military service was rooted in a passion for music and a determination to serve his country.
    White served at the Brooklyn Navy Yard and performed across New York City, including a national television appearance on a Saturday night version of The Tonight Show. He also played during Queen Elizabeth II’s visit to New York and attended the Broadway premiere of South Pacific. Through these once-in-a-lifetime experiences, he developed lifelong friendships and a deep appreciation for the discipline and direction instilled by military service.
    “Well, basically, I’d like people to understand this: there are people who are afraid to take a challenge. And if you’re enthusiastic about something, follow your dream and follow your own guidelines; that will make you a better person. It really did change my personality, my attitude, and my character,” said White. “I don’t know where I would’ve been if I hadn’t joined the music program or even the Navy. It led to opportunities. Like I said, I didn’t give it up. I counted it as a hobby. But it gave me direction into adulthood and just made me a better person all around, I think.”
    “Dennis White’s story exemplifies the unique paths our servicemembers take,” said Congressman Steube. “His service reminds us that the military doesn’t just train warriors; it molds leaders, artists, and professionals. We are honored to help preserve his legacy for future generations.”
    After leaving the Navy in 1959, White went on to a successful career in banking, ultimately serving as Vice President at Ellis Bank in Sarasota. He remained involved with the Navy music community, raised a family in Florida, and continued mentoring young musicians throughout his life.
    Please click here to watch the full interview.
    Be sure to check Congressman Steube’s YouTube channel in the future for upcoming interviews.The Office of Congressman Greg Steube will submit the interview to the Veterans History Project, an initiative of the Library of Congress’s American Folklife Center to collect and retain the oral histories of our nation’s veterans.Initially started in 2000, the Veterans History Project aims to collect, preserve, and make accessible the personal accounts of the United States military veterans and Gold Star Families so that future generations may hear directly from the veterans and better understand their service. Researchers, scholars, and educators rely upon VHP collections as a primary source. The oral histories, photographs, manuscripts, and other original materials supplement historical texts and valued cultural resources. Veterans from all branches and ranks of the United States military who served in World War I through the more recent conflicts are eligible to participate. For more information on the VHP, please visit https://www.loc.gov/vets/.If you live in Florida’s 17th Congressional district, please visit https://steube.house.gov/services/vhp to participate.

    MIL OSI USA News

  • MIL-OSI Russia: Moscow Mayor Participates in Meeting of Boards of Trustees of Bolshoi and Mariinsky Theatres

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Vladimir Putin held a meeting boards of trustees of the Bolshoi and Mariinsky theatres. It was attended by Sergei Sobyanin.

    Opening the meeting, the Russian President noted that many companies and patrons actively help the country’s two leading theaters and other creative groups, museums, libraries and cultural institutions. With the support of trustees, initiatives related to the preservation of architectural and historical heritage are implemented, as well as tours, festivals, competitions, concerts, educational and exhibition events and programs are held. Particular attention is paid to the development of young musicians, artists and actors, which helps them to actively participate in the public life of the country.

    “Cultural heritage, spiritual identity, creative wealth – this is a powerful foundation for the development of the country, the consolidation of society. By supporting a variety of projects in the cultural sphere, you, dear colleagues, make a great contribution to strengthening the unity of our people. I sincerely want to thank you for this and, of course, for your active participation in the life of the flagships of our culture: the Bolshoi and Mariinsky theaters. You are their true friends and partners,” said Vladimir Putin.

    The performances and concerts of the two leading theatres of the country and their branches are in great demand and are loved by the public. Every year they present more than a dozen premieres, the President of Russia noted. Next year, the 250th anniversary of the Bolshoi Theatre, which is one of the most valuable objects of the national heritage of Russia, will be celebrated. Its anniversary will be a real holiday for all fans of opera, ballet and symphonic music. Preparations for it are already underway.

    “The Bolshoi and the Mariinsky are two powerful symbols of Russia, without any exaggeration, they are our pride, the embodiment of great Russian culture and world centers of musical art,” Vladimir Putin noted.

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/mayor/tkhemes/12747050/

    MIL OSI Russia News

  • MIL-OSI: Skyward Specialty Recruits Corey LaFlamme to Lead Captives & Specialty Programs Divisions; Hill Transitions To Divisions’ Chairman

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, May 13, 2025 (GLOBE NEWSWIRE) — Skyward Specialty Insurance Group, Inc.™ (Nasdaq: SKWD) (“Skyward Specialty” or “the Company”) a leader in the specialty property and casualty (P&C) market, announced today the Company has recruited Corey LaFlamme to assume the role of President, Captives & Specialty Programs, marking a key strategic move to support its continued growth in one of the fastest-expanding segments of the specialty market.

    Additionally, the Company announced that Kirby Hill, who has played a central role in building Skyward Specialty’s Captives & Specialty Programs divisions, will assume the role of Chairman, Captives & Specialty Programs. In this new capacity, Hill will focus on business development, key account relationship management, key strategic matters and mentoring.

    LaFlamme brings more than 20 years of experience across the specialty landscape. He joins Skyward Specialty from The Hartford, where he served most recently as Head of Programs. Throughout his career, LaFlamme built a reputation for cultivating strong relationships, driving innovation and delivering consistent performance.

    “Corey’s arrival comes at a pivotal time for Skyward Specialty. His experience, leadership and his balanced growth and underwriting mindset align perfectly with our vision to expand and lead in the Captives & Specialty Programs markets,” said Skyward Specialty Chairman and CEO Andrew Robinson. “At the same time, I want to recognize the impact Kirby has had in building this business into the true market contender it is. His continued involvement as Chairman will be instrumental in supporting Corey and ensuring that we accelerate our momentum. With this exceptional leadership team in place, we are well-positioned to lead in a space we view as one of the market’s most promising and dynamic areas.”

    About Skyward Specialty
    Skyward Specialty (Nasdaq: SKWD) is a rapidly growing and innovative specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis. The Company operates through eight underwriting divisions — Accident & Health, Agriculture and Credit (Re)insurance, Captives, Construction & Energy Solutions, Global Property, Professional Lines, Specialty Programs, Surety and Transactional E&S.

    Skyward Specialty’s subsidiary insurance companies consist of Great Midwest Insurance Company, Houston Specialty Insurance Company, Imperium Insurance Company, and Oklahoma Specialty Insurance Company. These insurance companies are rated A (Excellent) with a stable outlook by A.M. Best Company. For more information about Skyward Specialty, its people, and its products, please visit skywardinsurance.com.

    Media Contact
    Haley Doughty
    Skyward Specialty Insurance Group
    713-935-4944
    hdoughty@skywardinsurance.com

    Investor Contact
    Natalie Schoolcraft
    Skyward Specialty Insurance Group
    614-494-4988
    nschoolcraft@skywardinsurance.com

    The MIL Network

  • MIL-OSI: Global Star Acquisition Inc. and K Enter Holdings Inc. Finalize Business Combination

    Source: GlobeNewswire (MIL-OSI)

    SEOUL and NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) — Global Star Acquisition Inc. (NASDAQ: GLST) (“Global Star”), a special purpose acquisition company and K Enter Holdings Inc. (“K Enter”), a holding company with an internal K drama production team and controlling interest in six diversified entertainment operating companies based in Korea and engaged in the entertainment content and IP creation businesses, today announced the completion of the previously announced business combination that will result in the creation of K Wave Media Ltd. Accordingly, K Wave Media Ltd.’s ordinary shares and warrants are expected to commence trading on The Nasdaq Global Market under the symbols “KWM” and “KWMWW”, respectively on May 14, 2025.

    The business combination was approved at a special meeting of GLST’s stockholders on February 3, 2025.

    “We are proud to complete this milestone transition of K Wave Media to become the first Korean content media alliance to list on the Nasdaq stock exchange,” said Tan Chin Hwee, Executive Chairman and Interim CEO of K Enter. “We are laser focused on pursuing our planned growth initiatives across the value chain of our Korean entertainment and media business lines, now with enhanced U.S. visibility to attract a core retail and institutional shareholder base. Additionally, we are appreciative of Global Star’s partnership and mutual determination to achieve K Wave’s public listing. We are poised to become a leading player in IP-based diversified entertainment delivering high quality K-content to our loyal global fanbase.”

    K Wave Media will continue to be led by Tan Chin Hwee, Executive Chairman and Interim CEO of K Enter, until a successor is appointed.

    Advisors

    D. Boral Capital acted as Global Star’s Capital Markets Advisor on the transaction. Loeb & Loeb LLP acted as U.S. legal counsel to K Enter. Duane Morris LLP acted as legal counsel to Global Star.

    About K Enter Holdings Inc.

    K Enter Holdings Inc. is a Delaware corporation with contracts to acquire controlling equity interests in six diversified entertainment operating companies based in Korea, engaged in the entertainment content, IP creation, merchandising and entertainment investment businesses (the “Six Korean Entities”). K Enter has an internal K drama production team. The Six Korean Entities to be acquired by K Enter include Play Company Co., Ltd, a Korean IP merchandising company, and Solaire Partners Ltd., a Korean IP content-specialized private equity firm, Studio Anseilen Co., Ltd., a K drama production company, and The LAMP Co., Ltd., Bidangil Pictures Co., Ltd., and Apeitda Co., Ltd., each of which is a K movie production company.

    About Global Star Acquisition Inc.

    Global Star Acquisition Inc., a Delaware corporation, is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

    Cautionary Statements Regarding Forward-Looking Statements

    This press release is provided for informational purposes and for no other purpose. No representations or warranties, express or implied are given in, or in respect of, this press release. To the fullest extent permitted by law under no circumstances will Global Star, K Enter, or any of the Six Korean Entities, interest holders, affiliates, representatives, partners, directors, officers, employees, advisors or agents be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this press release, its contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. Industry and market data used in this press release have been obtained from third-party industry publications and sources as well as from research reports prepared for other purposes. Neither Global Star nor K Enter has independently verified the data obtained from these sources and cannot assure you of the data’s accuracy or completeness. This data is subject to change. In addition, this press release does not purport to be all-inclusive or to contain all the information that may be required to make a full analysis of Global Star, K Enter or the Proposed Business Combination. Viewers of this press release should each make their own evaluation of Global Star and K Enter and of the relevance and adequacy of the information and should make such other investigations as they deem necessary. This press release contains certain “forward-looking statements” within the meaning of the federal securities laws, including statements regarding the benefits of the Proposed Business Combination, including K Enter’s ability to accelerate the development of its products and bring them to market, the anticipated timing for completion of the Proposed Business Combination, and Global Star’s and K Enter’s expectations, plans or forecasts of future events and views as of the date of this press release. Global Star and K Enter anticipate that subsequent events and developments will cause Global Star’s and K Enter’s assessments to change. These forward-looking statements, which may include, without limitation, words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will”, “could,” “should,” “believes,” “predicts,” “potential,” “might,” “continues,” “think,” “strategy,” “future,” and similar expressions, involve significant risks and uncertainties (most of which factors are outside of the control of Global Star or K Enter).

    In addition, this press release includes a summary set of risk factors that may have a material impact on Global Star, K Enter or the Proposed Business Combination, which are not intended to capture all the risks to which Global Star, K Enter or the Proposed Business Combination is subject or may be subject. Factors that may cause such differences include but are not limited to: (1) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement; (2) the risk that the Proposed Business Combination may not be completed in a timely manner or at all, which may adversely affect the price of the securities; (3) the risk that the Proposed Business Combination may not be completed by Global Star’s business combination deadline; (4) the inability to complete the Proposed Business Combination, including but not limited to due to the failure to obtain approval of the stockholders of Global Star or K Enter for the Merger Agreement, to receive certain governmental, regulatory and third party approvals or to satisfy other conditions to closing in the Merger Agreement; (5) the failure to achieve the minimum amount of cash available following any redemptions by Global Star’s stockholders; (6) the inability to obtain or maintain the listing of Global Star’s common stock on Nasdaq following the Proposed Business Combination, including but not limited to redemptions exceeding anticipated levels or the failure to meet Nasdaq’s initial listing standards in connection with the consummation of the Proposed Business Combination; (7) the effect of the announcement or pendency of the Proposed Business Combination on K Enter’s business relationships, operating results, and business generally; (8) risks that the Proposed Business Combination disrupts current plans and operations of K Enter or the Six Korean Entities; (9) the inability to realize the anticipated benefits of the Proposed Business Combination and to realize estimated pro forma results and underlying assumptions, including but not limited to with respect to estimated stockholder redemptions and costs related to the Proposed Business Combination; (10) the possibility that Global Star or K Enter or the Six Korean Entities may be adversely affected by other economic or business factors; (11) changes in the markets in which K Enter and the Six Korean Entities compete, including but not limited to with respect to its competitive landscape, technology evolution, changes in entertainment choices or regulatory changes; (12) changes in domestic and global general economic conditions; (13) risk that K Enter may not be able to execute its growth strategies; (14) the risk that K Enter experiences difficulties in managing its growth and expanding operations after the Proposed Business Combination; (15) the risk that the parties will need to raise additional capital to execute the business plan, which may not be available on acceptable terms or at all; (16) the ability to recognize the anticipated benefits of the Proposed Business Combination to achieve its commercialization and development plans, and identify and realize additional opportunities, which may be affected by, among other things, competition, the ability of K Enter to grow and manage growth economically and hire and retain key employees; (17) risk that K Enter may not be able to develop and maintain effective internal controls; (18) the risk that K Enter may fail to keep pace with rapid technological developments or changes in entertainment tastes to provide new and innovative products and services, or may make substantial investments in unsuccessful new products and services; (19) the ability to develop, license or acquire new content, products and services; (20) the risk that K Enter is unable to secure or protect its intellectual property; (21) the risk of product liability or regulatory lawsuits or proceedings relating to K Enter’s business; (22) the risk of cyber security or foreign exchange losses; (23) changes in applicable laws or regulations; (24) the outcome of any legal proceedings that may be instituted against the parties related to the Merger Agreement or the Proposed Business Combination; (25) the impact of the global COVID-19 pandemic and response on any of the foregoing risks, including but not limited to supply chain disruptions; (26) the risk that K Enter fails to successfully and timely consummate its acquisition of one or more of the Six Korean Entities’; and (27) other risks and uncertainties identified in the registration statement on Form F-4, which included a proxy statement/prospectus filed in connection with the Proposed Business Combination (the “Registration Statement”), including those under “Risk Factors” therein, and in other filings with the U.S. Securities and Exchange Commission (“SEC”) made by Global Star. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Global Star’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and the Registration Statement filed with the SEC with respect to the Proposed Business Combination, and other documents filed by Global Star from time to time with the SEC. 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. The foregoing list of factors is not exhaustive, are provided for illustrative purposes only, and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Forward-looking statements speak only as of the date they are made. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Global Star nor K Enter presently know or that Global Star and K Enter currently believe are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. Global Star and K Enter anticipate that subsequent events and developments will cause Global Star’s and K Enter’s assessments to change. However, while Global Star and K Enter may elect to update these forward-looking statements at some point in the future, Global Star and K Enter specifically disclaim any obligation to do so. Neither Global Star nor K Enter gives any assurance that Global Star or K Enter, or the combined company, will achieve its expectations. Accordingly, undue reliance should not be placed upon the forward-looking statements, and they should not be relied upon as representing Global Star’s and K Enter’s assessments as of any date subsequent to the date of this press release.

    Contact

    K Enter Holdings, Inc.
    Ted Kim
    Director and Co-Founder, K-Enter Holdings
    ted@globalfundpe.com

    Investor Contact
    MZ Group
    Shannon Devine/Rory Rumore
    +1 (203) 741-8811
    GLST@mzgroup.us

    The MIL Network

  • MIL-OSI: AGM Group Holdings Inc. Files 2024 Annual Report on Form 20-F

    Source: GlobeNewswire (MIL-OSI)

    Beijing, May 13, 2025 (GLOBE NEWSWIRE) — AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the “SEC”) on May 13, 2025. 

    The annual report on Form 20-F can be accessed on the SEC’s website at www.sec.gov and on the Company’s investor relations website at www.agmprime.com. The Company will also provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders upon request.

    About AGM Group Holdings Inc.

    AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit www.agmprime.com.

    For more information, please contact:

    AGM Group Holdings Inc.

    Email: ir@agmprime.com
    Website: http://www.agmprime.com

    Ascent Investor Relations LLC
    Tina Xiao
    President
    Phone: +1-646-932-7242
    Email: investors@ascent-ir.com

    The MIL Network

  • MIL-OSI: Robinhood Markets, Inc. Reports April 2025 Operating Data

    Source: GlobeNewswire (MIL-OSI)

    MENLO PARK, Calif., May 13, 2025 (GLOBE NEWSWIRE) — Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported select monthly operating data for April 2025.

    • Funded Customers at the end of April were 25.9 million (up approximately 120 thousand from March 2025, up approximately 2 million year-over-year).
    • Total Platform Assets at the end of April were $232 billion (up 5% from March 2025, up 88% year-over-year). Net Deposits were $6.8 billion in April, or a 37% annualized growth rate relative to March 2025 Total Platform Assets. Over the last twelve months, Net Deposits were $59.2 billion, or an annual growth rate of 48% relative to April 2024 Total Platform Assets.
    • Equity Notional Trading Volumes were $157.8 billion (up 26% from March 2025, up 123% year-over-year). Options Contracts Traded were 167.5 million (roughly flat to March 2025, up 32% year-over-year). Crypto Notional Trading Volumes were $8.6 billion (down 24% from March 2025, down 15% year-over-year).
    • Margin balances at the end of April were $8.4 billion (down 5% from the end of March 2025, up 105% year-over-year).
    • Total Cash Sweep balances at the end of April were $28.9 billion (up 2% from the end of March 2025, up 51% year-over-year).
    • Total Securities Lending Revenue in April was $25 million (up 4% from March 2025, up 19% year-over-year).
      April
    2025
    March
    2025
    M/M
    Change
    April
    2024
    Y/Y
    Change
    (M – in millions, B – in billions)          
    Funded Customer Growth (M)          
    Funded Customers 25.9 25.8 24.0 +8%
               
    Asset Growth ($B)          
    Total Platform Assets $232.3 $220.6 +5% $123.3 +88%
    Net Deposits $6.8 $7.6 NM $4.9 NM
               
    Trading          
    Trading Days (Equities and Options) 21 21 22 (5%)
    Total Trading Volumes          
    Equity ($B) $157.8 $125.6 +26% $70.7 +123%
    Options Contracts (M) 167.5 167.9 126.6 +32%
    Crypto ($B) $8.6 $11.3 (24%) $10.1 (15%)
               
    Daily Average Revenue Trades (DARTs) (M)        
    Equity 2.3 2.3 1.8 +28%
    Options 1.2 1.1 +9% 0.8 +50%
    Crypto 0.5 0.6 (17%) 0.4 +25%
               
    Customer Margin and Cash Sweep ($B)        
    Margin Book $8.4 $8.8 (5%) $4.1 +105%
    Total Cash Sweep $28.9 $28.2 +2% $19.1 +51%
    Gold Cash Sweep $26.9 $26.4 +2% $18.4 +46%
    Non-Gold Cash Sweep $2.0 $1.8 +11% $0.7 +186%
               
    Total Securities Lending Revenue ($M) $25 $24 +4% $21 +19%

    Note: Net Deposits do not include results from TradePMR.

    For definitions and additional information regarding these metrics, please refer to Robinhood’s full monthly metrics release, which is available on investors.robinhood.com.

    The information in this release is unaudited and the information for the months in the most recent fiscal quarter is preliminary, based on Robinhood’s estimates, and subject to completion of financial closing procedures. Final results for the most recent fiscal quarter, as reported in Robinhood’s quarterly and annual filings with the U.S. Securities and Exchange Commission (“SEC”), might vary from the information in this release.

    About Robinhood

    Robinhood Markets, Inc. (NASDAQ: HOOD) transformed financial services by introducing commission-free stock trading and democratizing access to the markets for millions of investors. Today, Robinhood lets you trade stocks, options, futures (which includes options on futures, swaps, and event contracts), and crypto, invest for retirement, and earn with Robinhood Gold. Headquartered in Menlo Park, California, Robinhood puts customers in the driver’s seat, delivering unprecedented value and products intentionally designed for a new generation of investors. Additional information about Robinhood can be found at www.robinhood.com.

    Robinhood uses the “Overview” tab of its Investor Relations website (accessible at investors.robinhood.com/overview) and its Newsroom (accessible at newsroom.aboutrobinhood.com), as means of disclosing information to the public in a broad, non-exclusionary manner for purposes of the SEC Regulation Fair Disclosure (Reg. FD). Investors should routinely monitor those web pages, in addition to Robinhood’s press releases, SEC filings, and public conference calls and webcasts, as information posted on them could be deemed to be material information.

    “Robinhood” and the Robinhood feather logo are registered trademarks of Robinhood Markets, Inc. All other names are trademarks and/or registered trademarks of their respective owners.

    Contacts

    Investor Relations

    ir@robinhood.com

    Media

    press@robinhood.com

    The MIL Network

  • MIL-OSI: The 2025 Healthcare Workforce Management Report Provides New Data and Insights on Improving Retention and Increasing Operational Excellence

    Source: GlobeNewswire (MIL-OSI)

    BERKELEY HEIGHTS, N.J., May 13, 2025 (GLOBE NEWSWIRE) — Viventium, who offers an industry-leading payroll, HR, and compliance platform purpose-built for healthcare providers, today published The 2025 Healthcare Workforce Management Report. Based on insights from an independent survey of nearly 650 professionals across home-, facility-, and community-based care, the research uncovers the disconnect between care staff and administrator perception, the role of technology and trust, and the impact of burnout and retention, and outlines what it takes to build stronger, more resilient teams from within.

    “Our research highlights the underlying workforce challenges threaded throughout the macro trends shaping the industry,” said Navin Gupta, CEO of Viventium. “We’re excited to share our findings as a roadmap to help healthcare providers navigate these trends by identifying key areas that impact operational resilience, retention, and compliance.”

    The report sheds light on the day-to-day realities behind the industry’s most pressing workforce issues –– such as areas where misalignment between care staff and administrators is quietly undermining trust, operations, and retention –– from persistent payroll errors to growing emotional strain.

    Key findings include:

    • 74% of providers report current staffing shortages.
    • 20% of providers expect staffing shortages in the near future.
    • 72% of care staff experience burnout on a monthly basis.
    • 11% of care staff report feeling burnout daily.
    • 81% of administrators encounter payroll errors every month, and nearly half report experiencing three or more payroll errors monthly.
    • 1 in 5 care staff say a single payroll mistake would break their trust in their employer.

    With this report, healthcare organizations will walk away with:

    • Macro trends: 7 market forces shaping the future of healthcare.
    • Pain points: 5 core issues related to workforce management that underlie each of the macro trends.
    • Key insights: Gaps in perception between administrators and care staff and gaps in process and technology when it comes to payroll and compliance.
    • Actionable strategies: Steps you can take today to rebuild morale, strengthen operations, and retain staff.
    • Original research: Insights from hundreds of care professionals across care settings.

    Download the full 2025 Healthcare Workforce Management Report to explore solutions and take the first step toward building a more resilient care team.

    *Research conducted in December 2024.

    About Viventium

    Viventium is healthcare’s trusted ally for payroll, HR, and compliance, combining innovative solutions with deep expertise in the healthcare industry. Its purpose-built cloud-based platform is designed to tackle the complexity and compliance challenges healthcare providers face, simplifying the workday, every day. Viventium helps organizations hire and retain care staff, improve the employee experience, and drive measurable value. Serving clients in all 50 states and supporting over 500,000 healthcare employees, Viventium enables organizations to focus on what matters most: providing compassionate care. It’s a new day, with Viventium.

    For more information, visit viventium.com.

    Media Contact: jpetescia@viventium.com

    The MIL Network

  • MIL-OSI: VERB Publishes Management’s Prepared Remarks From Its First Quarter 2025 Earnings Call

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, May 13, 2025 (GLOBE NEWSWIRE) — Verb Technology Company, Inc. (Nasdaq: VERB) (“VERB” or the “Company”), Transforming the Landscape of Social Commerce, Social Telehealth and Social Crowdfunding with MARKET.live; LyveCom; VANITYPrescribed; GoodGirlRx; and the GO FUND YOURSELF TV Show, today filed its Form 10-Q reporting financial and operating results for the quarter ending March 31, 2025 and held an earnings conference call at 1 p.m. ET to discuss these results. Prepared remarks during the conference call of Rory J. Cutaia, the Company’s Chairman & CEO, are provided below.

    Management Prepared Remarks

    VERB 2025 First Quarter Financial Results Conference Call

    Tuesday, May 13, 2025, 1 p.m. ET

    Company Participant
    Rory J. Cutaia, CEO

    Operator:

    Good afternoon and welcome to the first quarter 2025 Financial Results Conference Call for Verb Technology Company, Inc. At this time, all participants are in a listen-only mode. Please be advised, the call is being recorded at the Company’s request.

    On our call today is Rory J. Cutaia, Verb’s Founder, Chairman and CEO.

    Before we begin, I’d like to remind everyone that statements made during this conference call will include forward-looking statements under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties that can cause actual results to differ materially. Forward-looking statements speak only as of the date they are made, except as required by law, as the underlying facts and circumstances may change. Verb Technology Company disclaims any obligations to update these forward-looking statements, as well as those contained in the Company’s current and subsequent filings with the SEC.

    I would now like to turn the call over to Rory J. Cutaia, CEO. Rory?

    Rory:

    Thank you moderator, and thanks to everyone for joining us today for our first quarter 2025 financial results and business update conference call.

    So for those of you who have reviewed our 10-Q filed this morning or the summarized results in the press release we issued this morning – well – you already know – right – you know the Company is firing on all cylinders – I’m talking about a 12 cylinder finely tuned exotic sports roadster – yeah – we had a crazy good quarter. This is the VERB we’ve envisioned – this is the VERB we’ve manifested and this is the VERB we have worked so hard to deliver. And the best part – the really best part – is this is just the beginning.

    I’ve got to hand it to my management team – they never stopped believing – through all the trials and tribulations – and we’ve had more than our share – they stuck it out with me – we drew strength from one another – and no matter what – we never gave up. I appreciate them all so very much – and our amazing Board of Directors – and now that we’ve begun to hit our stride – they’re all feeling it – they know where we’re taking this vehicle – and for those of you listening to this who have stuck it out with us and for those of you thinking about joining us – from here on out, it’s going to be a fun ride.

    We’re cashed-up, zero debt – insanely under-valued – and each VERB division is performing very, very well.

    I’m not going to take your time reading the 10-Q or reiterating everything we discussed about the Company just 6 weeks or so ago when we reported our 2024 results – but I will definitely enjoy sharing some of our team’s accomplishments in the first 3 months of this year.

    Let’s start with revenue – but first let me provide some context:

    In Q1 of 2024 we reported revenue of just $7,000; In Q4 of 2024 we reported revenue of $723,000 – definitely a great quarter and the first full quarter after we instituted a number of changes to our business model – and for the entirety of 2024 – we reported a total of $895,000.

    But in Q1 of 2025 we reported $1.3 Million – that’s 80% revenue growth over the prior quarter and approximately 46% growth over all 4 quarters of revenue of 2024 combined.

    And while we were busy signing and launching a plethora of new clients, we identified what we believe is the hottest AI social commerce technology company in the market and negotiated the terms of an $8.5 Million cash and stock acquisition, signed a comprehensive term sheet, and then rapidly drove the deal to a closing – all while actively integrating their AI technology into our own platform.

    We used about $4.2 Million in cash closing the acquisition – but I liked having a robust – zero debt – cashed-up balance sheet – so being an opportunist we identified a funding opportunity with extraordinary – shareholder friendly terms – negotiated it, documented it and closed it. A non-dilutive, non-convertible, non-voting, preferred stock deal with just a 9% annual dividend – and with that we added $5 Million back onto the balance sheet.

    This deal is with a trusted financial partner with whom we’ve now done several very successful deals. I do feel sorry for other companies doing terrible – horrible financings – steep discounts to market price, pre-funded warrants, triple warrant coverage – decimating cap tables and rendering many of these companies unfinanceable going forward who ultimately get shorted into oblivion. You see it every day. Tough times for a lot of companies and I’m very grateful that we’re in such a strong cash position and we’ve been able to maintain a super clean cap table – no warrant overhang and a very tight float and obviously not desperate to find a source of capital.

    In fact, with our cash on hand, no debt, and growing revenue across all business units, we expect to be able fund operations easily into 2028 and beyond.

    As to the growth behind MARKET.live, we’ve signed many very high profile clients and continue to do so. I’ve been asked why we aren’t announcing them – which we’d have to do multiple times a month – but the answer is most of these deals are where we’re white labeling our platform for these well-known brands and our contract prohibits us from announcing the names. I wish I could – if I could, I doubt our stock would still be trading for 50% of our net cash – with zero value given for all our business units – it’s crazy – just crazy.

    I’ve also been asked why we don’t see as many livestreams from MARKET.live as we used to and that’s because our new technology allows us to stream directly from our clients’ own websites and multicast their streams across multiple social media channels simultaneously. This is really the killer app, drawing so many more clients, because it allows these brands to own the customer relationship while still streaming over other social platforms. We’re also seeing strong, strong growth in shoppable ads, among many other areas of our MARKET.live and now Lyvecom business units.

    Our telehealth platforms, VanityPrescribed and GoodGirlRX continue to grow month over month adding recurring subscription-based revenue. And our Go Fund Yourself, crowd funding TV show is developing an almost cult-like following and more and more issuers are applying to be on the show, forcing us to become much more selective, and to accommodate the demand we’re now shooting multiple episodes twice a month. Issuers pay to be on the show. We’re about to launch Season 2 on Cheddar.

    In closing, I refer you to our Form 10-Q filed today for greater details concerning our Q1 2025 financial results as well as the press release distributed today summarizing those results for additional information I’ve not covered in my conference call today.

    So thank you for your interest in VERB and for taking the time to listen to our Q1 2025 financial results. I presume you can tell how excited we are about the business – really excited – and oh yes – I do indeed expect Q2 results to be even better than this Q1 – so stand by.

    Operator: This concludes the conference call. You may now disconnect.

    About VERB

    Verb Technology Company, Inc. (Nasdaq: VERB), is transforming the landscape of social commerce, social telehealth and social crowdfunding with MARKET.live, LyveCom, VANITYPrescribed, GoodGirlRx, and the GO FUND YOURSELF TV Show. The Company operates multiple business units, each of which leverages the Company’s social commerce technology and video marketing expertise.

    MARKET.live, together with recently acquired AI social commerce technology innovator LyveCom, is a multi-vendor, livestream social shopping platform that allows brands and merchants to deliver a true omnichannel livestream shopping experience across their own websites, apps, and social platforms. Advanced AI capabilities power real-time user-generated-content creation, automated video content repurposing for high conversion video ads, and AI-powered virtual live shopping hosts that are virtually indistinguishable from human hosts, capable of real-time audience engagement. Brands utilize the Company’s proprietary AI model trained on tens of thousands of video commerce interactions to automate content creation and intelligent tools designed to optimize merchandising strategies and increase conversion rates.

    GO FUND YOURSELF TV Show is a revolutionary interactive social crowd funding platform for public and private companies seeking broad-based exposure for their crowd-funded Regulation CF and Regulation A offerings. The platform combines a ground-breaking interactive national TV show with MARKET.live’s back-end capabilities allowing viewers to tap, scan or click on their screen to facilitate an investment, in real time, as they watch companies presenting before the show’s panel of “Titans”. Presenting companies that sell consumer products are able to offer their products directly to viewers during the show in real time through shoppable onscreen icons.

    VANITYPrescribed.com and GoodGirlRx.com are telehealth portals, intended to redefine telehealth by offering a seamless, digital-first experience that empowers individuals to take control of their healthcare needs. They were designed and developed to disrupt the traditional healthcare model by providing tailored healthcare solutions at affordable, fixed prices – without hidden fees, membership costs, or inflated pharmaceutical markups. GoodGirlRx.com, a partnership with Savannah Chrisley, a well-known lifestyle personality and advocate for health and wellness, offers customers access to convenient, no-hassle telehealth services and pharmaceuticals, including the new weight-loss drugs, with fixed pricing regardless of dosage, breaking away from the industry’s traditional model of excessive pricing and pharmaceutical gatekeeping.

    The Company is headquartered in Las Vegas, NV and operates full-service production and creator studios in the Los Angeles, California vicinity.

    For more information, please visit: www.verb.tech

    Follow VERB here:

    Facebook: https://www.facebook.com/VerbTechCo

    X: https://twitter.com/VerbTech_Co

    LinkedIn: https://www.linkedin.com/company/verb-tech

    YouTube: https://www.youtube.com/channel/UC0eCb_fwQlwEG3ywHDJ4_KQ

    Sign up for E-mail Alerts here: https://ir.verb.tech/news-events/email-alerts

    FORWARD-LOOKING STATEMENTS
    Statements contained in this press release that are not statements of historical fact are forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, these forward-looking statements can be identified by words such as “anticipate,” “designed,” “expect,” “may,” “will,” “should” and other comparable terms. Forward-looking statements include statements regarding VERB’s intentions, beliefs, projections, outlook, analyses or current expectations and the other risk factors and other cautionary statements included in VERB’s Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the Securities and Exchange Commission, including subsequent periodic reports on Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. All forward-looking statements made in this press release speak only as of the date of this press release and are based on management’s assumptions and estimates as of such date. Except as required by law, VERB undertakes no obligation to update or revise forward-looking statements to reflect new information, future events, changed conditions or otherwise after the date of this press release.

    Investor Relations Contact: investors@verb.tech
    Media Contact: info@verb.tech

    The MIL Network

  • MIL-OSI Global: How optical fibres are transforming cancer care

    Source: The Conversation – UK – By Sinead O’Keeffe, Senior Research Fellow, Limerick Digital Cancer Research Centre, University of Limerick

    asharkyu/Shutterstock

    In rural areas, the arrival of high-speed internet is often a game-changer. Homes are more connected, businesses have new opportunities and telehealth becomes more accessible.

    At the heart of this transformation is a tiny but mighty piece of technology: the optical fibre. Known for transmitting data at incredible speeds, these hair-thin strands of glass or plastic have become symbols of modern digital life. But what many don’t realise is that the same fibres helping us stream movies and connect with loved ones are also quietly transforming cancer care.

    Optical fibres are being repurposed in the medical world in fascinating ways. One particularly exciting application lies in radiation therapy, the treatment of cancer using targeted radiation to destroy cancerous cells. Because precision is vital in these treatments, optical fibres provide a powerful way to monitor, in real time, the exact amount of radiation reaching the tumour and surrounding organs.


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


    Traditionally, it has been difficult to measure radiation doses inside the body as the treatment is happening. Radiation therapy, particularly brachytherapy, where radioactive sources are placed inside or very near the tumour, is generally safe and effective.

    But things can shift. The tumour or surrounding organs like the bladder, bowel, or urethra can move slightly during treatment. Even a small change in position can result in radiation hitting healthy tissue instead of the tumour, leading to side effects such as urinary and bowel problems, erectile dysfunction, or fertility issues.

    This is where optical fibres come in. I’m part of a research team at the University of Limerick that has developed special fibre optic sensors capable of being inserted into the body to measure radiation levels in real time. These fibres are tipped with a special material that lights up when exposed to radiation.

    The light then travels through the fibre to an external detector, providing instant feedback on the radiation dose being delivered inside the body. This allows doctors to adjust the treatment on the fly, delivering the maximum dose to the cancer while sparing healthy tissues.

    Optical fibres are ideal for this role because they are biocompatible, non-toxic, flexible, and do not conduct electricity. They’re safe to use inside the body and don’t interfere with other medical equipment. Their small size, comparable to a strand of hair, means they can be inserted with minimal discomfort to the patient.

    This innovative technology is particularly valuable for treating pelvic cancers, such as prostate and cervical cancers, where nearby organs are at high risk of accidental radiation exposure. With real-time monitoring, side effects can be significantly reduced, improving the patient’s comfort, outcomes, and overall quality of life.

    Not just sensors

    But this is only part of the story. Optical fibres are not just passive sensors, they can be active diagnostic tools too. Researchers in Italy have pioneered a technique called lab-on-fibre, which integrates various sensors at the tip of a fibre.

    This essentially transforms a single optical fibre into a tiny, high-tech lab that can assess tissue properties, detect cancerous changes, and even help predict how a tumour will respond to treatment.

    Lab-on-fibre technology has the potential to replace larger, more invasive diagnostic tools. Imagine being able to detect cancer or track treatment progress through a tiny sensor embedded in a needle, without the need for bulky machines or repeated invasive biopsies. That’s the future these technologies are making possible.

    In addition to cancer care, optical fibres have been used in other areas of medicine too, from monitoring blood pressure and glucose levels to checking for signs of infection. The possibilities are growing rapidly as researchers continue to develop new fibre-based sensors and integrate them into clinical practice.

    As we marvel at how high-speed broadband is connecting our world, it’s worth pausing to appreciate the dual role of this technology. While we stream our favourite shows or take Zoom calls from the countryside, optical fibres are also quietly saving lives, helping doctors deliver safer, smarter, and more personalised cancer treatments.

    These tiny strands are doing far more than connecting us to the internet. They’re helping connect us to a healthier future.

    Sinead O’Keeffe receives funding from The Royal Society – Research Ireland University Research Fellowship Award, and the European Union’s Horizon 2020 Research and Innovation Programme under Grant Agreement n° 871324.

    ref. How optical fibres are transforming cancer care – https://theconversation.com/how-optical-fibres-are-transforming-cancer-care-255378

    MIL OSI – Global Reports

  • MIL-OSI Global: What to look out for from the music of the 2025 Eurovision Song Contest

    Source: The Conversation – UK – By Samuel Murray, Lecturer in Music Management, University of Leeds

    I’m in Basel, Switzerland – host city of this year’s Eurovision Song Contest – to present research about treatment of songwriters in the contest. While I’m here, I’ll be conducting field research and attending one of the shows. Here’s what I’ll be looking out for during this year’s competition.

    One of the joys of Eurovision is hearing songs in different languages and different musical styles. Of the 37 entries in this year’s contest, 23 songs include languages other than English (13% more than in 2024), and 17 of those are entirely sung in languages other than English (14% more than in 2024).

    With more than half of the entries now featuring languages other than English, the chances of a non-English song winning have increased. Among these entries, there are some particularly interesting language choices.


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


    One of the biggest controversies regarding language this year has been the Maltese entry Serving, performed by Miriana Conte. The song was originally titled Serving Kant. Kant is the Maltese word for singing but is pronounced in the same way as the English swear word “cunt”.

    It is a knowing reference to the phrase “serving cunt”. Drawn from black queer ballroom culture, popularised through shows like Rupaul’s Drag Race, it means to do something in a powerfully feminine manner.




    Read more:
    They’re serving what?! How the c-word went from camp to internet mainstream


    Despite therefore provocatively sounding as though it includes a word many viewers will find offensive, the Maltese broadcaster PBS has robustly defended Conte’s right to sing in her native Maltese.

    This was deemed within the rules, but then the BBC complained that it couldn’t broadcast the song. Subsequently the European Broadcasting Union have made Malta change the lyrics – although don’t be surprised if you hear fans in audience fill in the missing word.

    The controversy around the song has provided it with priceless PR and firmly placed it in contention for the win. I rather suspect this may have been the plan all along.

    Another interesting linguistic choice has been this year’s entry from The Netherlands. C’est La Vie, sung by Claude Kiambe, is in the French language, not Dutch, as a tribute to his Congolese roots.

    C’est La Vie by Claude.

    In an interview for the official Eurovision website Kiambe explained: “C’est La Vie is a tribute to a parent and for me that’s my mother. As a little boy and throughout my youth, she taught me to see the positive in the things you experience in life, even when you experience setbacks.”

    French allows Kiambe to authentically express his identity and personal story. This song is significant as it becomes the first from The Netherlands to be sung in French.

    Unusual song topics

    It wouldn’t be Eurovision without songs that cover unusual subject matters. The current favourite to win the contest is the Swedish entry Bara Bada Bastu, or Let’s Just Sauna, by the group KAJ. KAJ are from Finland where sauna is a core fundamental of culture.

    Bara Bada Bastu by KAJ.

    Ireland’s entry Laika Party, meanwhile, takes the unusual approach of creative lyrical speculative fiction. The song ponders what would happen if Laika, the first dog in space, was still alive and partying above Earth.

    Another unusual offering is Tommy Cash’s Espresso Macchiato, representing Estonia. Some viewers have interpreted the song as mocking Italian culture. It has attracted criticism from Italian politicians including senator Gian Marco Sentinaio who produced a flyer in response with the message: “Whoever insults Italy must stay out of Eurovision.”

    The songwriters

    Quite often in Eurovision, songwriters are overlooked for their role in the contest. As you read this article, many writers are already locked away at songwriting camps working away on entries for next year. In fact the Norwegian songwriting camp has already taken place for next year’s Eurovision.

    This year 134 songwriters are behind the 37 songs performed across the contest.

    In popular music songwriting it is now quite commonplace for writers to work in large groups, with each team member making contributions to creating the melody, harmony or the production of the track. This year the Armenian song Survivor, performed by Parg, has the most writers. Ten people were involved in its creation, including Parg himself. The UK comes a close second with seven writers contributing to the entry What the Hell Just Happened?, performed by Remember Monday.

    Survivor by Parg has ten songwriters.

    Another notable statistic this year is that in 30 out of 37 songs, the singer has a songwriting credit. This makes it very likely that we will see a songwriter lift the Eurovision trophy. This year many artists share personal stories in their songs, including France’s Louane who pays tribute to her mother with Maman and Italy’s Luca Corsi, who reflects on his childhood in Volevo Essere un Duro.

    Many of this year’s songwriters have competed in the contest before. Swedish songwriters Peter Boström and Thomas G:Son, who are no strangers to Eurovision having won the contest twice writing Loreen’s entries Euphoria (2012) and Tattoo (2023), are back once again, this time co-writing Survivor for Armenia.

    Another winning Swedish songwriter returning is Linnea Deb. She wrote Sweden’s winning song Heroes in 2015. This time she has co-written Hallucination for Denmark. Alongside the returning Swedes are fellow serial contest writers Dimitris Kontopoulos and Darko Dimitrov, who between them have over 20 contest entries under their belt but are yet to have a victory.

    There will also be a return to the contest for Teodora Špirić, better known a Teya, who alongside Salena, performed Who the Hell is Edgar? for Austria in 2023. This year she is the songwriter for Austrian entry Wasted Love performed by JJ. It’s currently the bookies favourite.

    There are also many new British writers in the contest to keep an eye on, including Emma Gale who has co-written the Croatian entry Poison Cake.

    This year’s contest brings a diversity of languages, subject matter and songwriters together to present 37 unique offerings from which the juries and voters of Europe will choose a winner. While the bookies and fans may have favourites, at this stage a clear winner is not a given – all can change when the songs are performed live.

    Samuel Murray is affiliated with the Musicians’ Union and a writer member of PRS for Music.

    ref. What to look out for from the music of the 2025 Eurovision Song Contest – https://theconversation.com/what-to-look-out-for-from-the-music-of-the-2025-eurovision-song-contest-256388

    MIL OSI – Global Reports

  • MIL-OSI USA: NORTHUMBERLAND COUNTY – Pennsylvania Department of Aging to Announce $3 Million Investment in Senior Community Centers to Benefit Older Pennsylvanians and Keep Them Connected in Their Communities

    Source: US State of Pennsylvania

    May 14, 2025Herndon, PA

    ADVISORY – NORTHUMBERLAND COUNTY – Pennsylvania Department of Aging to Announce $3 Million Investment in Senior Community Centers to Benefit Older Pennsylvanians and Keep Them Connected in Their Communities

    Pennsylvania Department of Aging Secretary Jason Kavulich will join Northumberland County leaders to announce the recipients of $3 million in Senior Community Center (SCC) competitive grants that help those centers complete larger-scale projects such as updating and modernizing facilities, providing new health and entertainment programs, upgrading technology, and enhancing nutrition services.

    SCCs throughout Pennsylvania welcome thousands of older adults through their doors every day with services that help them stay healthy and connected to their communities: nutritious meals, educational opportunities, transportation services, financial and insurance counseling, and exercise programs.

    The grant funding is appropriated by the General Assembly from the Pennsylvania Lottery.

    WHO:
    Secretary of Aging Jason Kavulich
    Northumberland County Commissioners Sam Schiccatano and Meghan Beck
    Olivia Sims, Administrator, Northumberland County Area Agency on Aging
    Erica Miller, Director, Herndon Adult Community Center

    WHEN:
    Wednesday, May 14, 2025, 12:00 PM

    WHERE:
    Herndon Adult Community Center
    5089 State Route 147
    Herndon, PA 17830

    MEDIA RSVP:
    Media interested in attending must RSVP with the name of photographer/reporter to

    • Full Advisory

    MIL OSI USA News

  • MIL-OSI Security: UPDATE: Man remains in custody in connection with arson attacks

    Source: United Kingdom London Metropolitan Police

    A man arrested in connection with a series of arson attacks remains in police custody.

    The 21-year-old was arrested in the early hours of Tuesday, 13 May on suspicion of arson with intent to endanger life.

    He was arrested at an address in Sydenham.

    The man was taken to a London police station, where he currently remains in police custody.

    The arrest relates to three incidents.

    On Monday, 12 May at 01:35hrs, police were alerted by the London Fire Brigade to reports of a fire at a residential address in NW5.

    Officers attended the scene. Damage was caused to the property’s entrance, nobody was hurt.

    As a precaution and due to the property having previous connections with a high-profile public figure, officers from the Met’s Counter Terrorism Command are leading the investigation into this fire. Enquiries are ongoing to establish what caused it.

    The investigation team are also considering two other incidents – a vehicle fire in NW5 on Thursday, 8 May and a fire at the entrance of a property in N7 on Sunday, 11 May – and are investigating whether they may be linked to the fire in NW5 on 12 May.

    All three fires are being treated as suspicious at this time, and enquiries remain ongoing.

    Commander Dominic Murphy, Head of the Met’s Counter Terrorism Command, said: “We are working at pace and continue to explore various lines of enquiry to establish the cause of the fires, and any potential motivation for these. A key line of enquiry is whether the fires are linked due to the two premises and the vehicle all having previous links to the same high-profile public figure.

    “We recognise that this investigation may cause concern to other public figures – particularly MPs. The protection of MPs is something we take extremely seriously across the whole of policing and I would encourage any MP who is concerned about their own safety to get in touch with their dedicated local Operation Bridger officer, who can provide further advice and support.

    “In the meantime, our investigation remains ongoing and we will continue to work closely with local officers in the areas affected. Residents can expect to see an increased police presence in those areas over the coming days, but if anyone has concerns, then please speak with a local officer, or call us.”

    Anyone with information that could assist the investigation should call police on 101 quoting CAD 441/12 May.

    We would ask the public to remain vigilant and if they see or hear anything that doesn’t look or feel right, then to report it to police – either by calling police, in confidence, on 0800 789 321 or via www.gov.uk/ACT

    In an emergency, always dial 999.

    MIL Security OSI

  • MIL-OSI: Euronext completes the acquisition of Admincontrol

    Source: GlobeNewswire (MIL-OSI)

    Euronext completes the acquisition of Admincontrol

    The integration of Admincontrol accelerates Euronext Corporate Solutions development in the Nordics and scales up Euronext’s SaaS offering.

    Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 13 May 2025 – Euronext, the leading European capital market infrastructure, today announces that it has completed the acquisition of 100% of the shares of Admincontrol for an enterprise value of NOK 4,650 million. The transaction complies with Euronext’s capital allocation policy, with a ROCE expected to exceed WACC between years three to five after closing1.

    Admincontrol will be part of Euronext Corporate Solutions, strengthening the development of the franchise in the Nordics and the UK. The acquisition accelerates Euronext’s strategic ambition to scale up its SaaS offering and increases Euronext’s share of subscription-based revenue. It more than doubles the size of the Euronext governance offering and broadens capabilities with state-of-the-art solutions addressing mission-critical workflows.

    Admincontrol has seen double-digit annual growth over the last five years and recorded NOK 452 million of revenues and NOK 200 million of EBITDA and 44% EBITDA margin in 20242. From the second quarter of 2025, Admincontrol’s revenue will be integrated into Euronext’s revenue line Corporate and Investor Solutions and Technology Services, which represented €170.8 million in 20243.

    Stéphane Boujnah, CEO of Euronext, said: “The acquisition of Admincontrol positions Euronext Corporate Solutions as a leader in the governance SaaS space and expands our access to new clients in the Nordics where we have already expanded our presence over the years with promising growth prospects. Admincontrol will benefit from Euronext Corporate Solutions’ unique network and expertise across Europe to boost the growth of its state-of-the-art governance solutions. We look forward to welcoming Admincontrol’s talented teams to further accelerate the deployment of its strategy in Europe.”

    Møyfrid Øygard, CEO of Admincontrol, said: “Joining Euronext is a significant milestone in Admincontrol’s growth journey. Excellent governance is critical for the Euronext network of issuers and customers, and we are excited to bring our complementary product offering to market, supporting Euronext Corporate Solutions’ business and its position in the Nordics.”

    CONTACTS  

    ANALYSTS & INVESTORS ir@euronext.com

    Investor Relations        Aurélie Cohen                 

            Judith Stein        +33 6 15 23 91 97          

    MEDIA – mediateam@euronext.com 

    Europe        Aurélie Cohen         +33 1 70 48 24 45   

            Andrea Monzani         +39 02 72 42 62 13 

    Belgium        Marianne Aalders         +32 26 20 15 01                 

    France, Corporate        Flavio Bornancin-Tomasella        +33 1 70 48 24 45                 

    Ireland        Andrea Monzani         +39 02 72 42 62 13                 

    Italy         Ester Russom         +39 02 72 42 67 56                 

    The Netherlands        Marianne Aalders         +31 20 721 41 33                 

    Norway         Cathrine Lorvik Segerlund        +47 41 69 59 10                 

    Portugal         Sandra Machado        +351 91 777 68 97                

    Corporate Solutions        Andrea Monzani         +39 02 72 42 62 13                          

    About Euronext  

    Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal.

    As of March 2025, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal host nearly 1,800 listed issuers with €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.

    For the latest news, go to euronext.com or follow us on X and LinkedIn.

    Disclaimer

    This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.

    © 2025, Euronext N.V. – All rights reserved. 

    The Euronext Group processes your personal data in order to provide you with information about Euronext (the “Purpose”). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: www.euronext.com/privacy-policy. In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: www.euronext.com/data_subjects_rights_request_information. To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com.


    1 The cashflow related to the transaction will be communicated as part of Q2 2025 results
    2 Based on unaudited figures
    3 Based on Euronext’s new reporting framework: http://www.euronext.com/en/media/13322/download

    Attachment

    The MIL Network

  • MIL-OSI Russia: Time of Hope

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The Lefortovo History Museum invites you to the exhibition “Time of Hope” about the life of Princess Nadezhda Shakhovskaya-Helbig (1856-1940). The exhibition opens the “Legends of Lefortovo” series about outstanding residents of the region.

    The exhibition tells about three generations of the Shakhovsky family and includes unique materials: personal items and photographs from family archives, panoramas of Moscow by Jacques-Reyn Isidore Akari-Baron, photographs of Leo Tolstoy from the collection of the Leo Tolstoy State Museum, musical editions of works by Franz Liszt and historical costumes and accessories from the late 19th – early 20th centuries.

    A special section is dedicated to the charitable activities of the Shakhovskys – from helping the wounded in the First World War to supporting the children of the Roman slums.

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

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    MIL OSI Russia News

  • MIL-OSI: U.S. Ski & Snowboard, Stifel Extend Groundbreaking Title Partnership Through 2034

    Source: GlobeNewswire (MIL-OSI)

    PARK CITY, Utah and ST. LOUIS, May 13, 2025 (GLOBE NEWSWIRE) — U.S. Ski & Snowboard and Stifel Financial Corp. (NYSE: SF) are proud to announce a landmark renewal of their partnership from May 2026 through April 2034. This unprecedented 8-year agreement marks the most expansive partnership in U.S. Ski & Snowboard’s history and reflects a bold, shared vision through the next three Olympic and Paralympic Winter Games.

    Under the renewed agreement, Stifel will be the title partner of the Stifel U.S. Ski Team, supporting the alpine, cross country, freeski, moguls, aerials, ski jumping, nordic combined and Para alpine teams, as well as the exclusive financial services partner of U.S. Ski & Snowboard.

    “As we look ahead to three Olympic and Paralympic Games, including a home Salt Lake City-Utah 2034 Games, this extended partnership with Stifel represents a generational investment in our teams and our athletes,” said Sophie Goldschmidt, President and CEO of U.S. Ski & Snowboard. “Stifel’s support has also enabled us to implement innovative new initiatives that are having a direct impact on the organization. From World Cup podiums to grassroots development, Stifel’s belief in the power of sport and our athletes has been a game-changer.”

    Since launching the partnership in 2022, Stifel’s support of U.S. Ski & Snowboard has driven record-breaking performances, increased the visibility of U.S. athletes and fueled the growth of competitive skiing in the U.S. Over the initial three years of partnership, the Stifel U.S. Ski Team has achieved historic success both athletically and as an organization.

    Organizationally, U.S. Ski & Snowboard has expanded its World Cup footprint in North America with the support of Stifel, bringing the total amount of World Cups from four to a record 11 in 2024-25. In the same season, the organization’s streaming and broadcast audience has doubled, earned media surpassed 30 billion impressions and social media impressions increased 70%.

    2024 was also a record-breaking year for Stifel, highlighting the strength and balance of a diversified business model, achieving net revenues of $4.97 billion, the highest in the firm’s history, and delivering a 23% return on average tangible equity, with non-GAAP net earnings of $756 million, or $6.81 per share – a 46% increase from the prior year. And finally, over the year, Stifel’s share price increased 56.4%.

    The news of Stifel’s renewal as title sponsor of the Stifel U.S. Ski Team is so incredible,” said two-time Olympic champion Mikaela Shiffrin. “Ron (Kruszewski, Chairman and CEO of Stifel) and Stifel have shown amazing support for snow sports and are truly invested in the stories of our athletes and the growth of our sports, which has translated into more success on the mountain.”

    “Stifel has opened up so many opportunities for us as athletes and humans looking to reach our full potential, and I am so grateful for their support and proud to be part of their team,” said Olympic champion cross country skier Jessie Diggins. “Their commitment to helping us reach the top level is incredible and makes all the difference!”

    “The Stifel U.S. Ski Team partnership continuation is monumental for both parties,” said two-time Olympic medalist freeskier Alex Ferreira. “It is where success meets success. I am humbled and grateful to benefit from all sides.”

    Stifel also launched innovative programs around the increased domestic World Cup events, including the Stifel HERoic Cup, designed around U.S. Ski & Snowboard’s HERoic initiative celebrating women’s sport. Stifel also invested in the Stifel Bibbo Award for the athlete who moves up the most in ranks in alpine World Cup races, and continues to support the Stifel Success Tour, development-level NorAm races in the U.S. that feed the Stifel U.S. Ski Team pipeline. Additionally, Stifel supported the Stifel Snow Show, a weekly series on CNBC, Peacock and YouTube that highlighted the achievements and stories of U.S. Ski & Snowboard athletes each week throughout the season.

    The Stifel brand will remain prominently displayed on team uniforms and event signage at US events, along with a continuation of the Stifel U.S. Ski Team branding across digital and broadcast platforms. Stifel will also support a new performance bonus program for athletes and coaches based on key results during the season.

    “This partnership is about helping athletes reach their full potential,” said Ron Kruszewski, Chairman and CEO of Stifel. “As the firm Where Success Meets Success, we believe in backing those who strive for excellence—and that’s exactly what these athletes do, every day. We’re proud to support them not only as champions on the podium, but as role models, teammates and leaders who inspire us all.”

    QUOTES
    Mikaela Shiffrin, Stifel U.S. Alpine Ski Team
    The news of Stifel’s renewal as title sponsor of the Stifel U.S. Ski Team is so incredible. Ron and Stifel have shown amazing support for snow sports and truly are invested in the stories of our athletes and the growth of our sports which has translated into more success on the mountain.

    Jessie Diggins, Stifel U.S. Cross Country Ski Team
    Stifel has opened up so many opportunities for us as athletes and humans looking to reach our full potential, and I am so grateful for their support and proud to be part of their team. Their commitment to helping us reach the top level is incredible and makes all the difference!

    Alex Ferreira, Stifel U.S. Freeski Team
    The Stifel U.S. Ski Team partnership continuation is monumental for both parties. It is where success meets success. I am humbled and grateful to benefit from all sides.

    Nick Page, Stifel U.S. Freestyle Ski Team
    Thank you Stifel for all of your support – it means the world to have you in our corner and on our team. I’m looking forward to the future and our continued success in 2026.

    Niklas Malacinski, Stifel U.S. Nordic Combined Team
    Having Stifel step up as the title sponsor of the Stifel U.S. Nordic Combined Team means the world to us. It’s not just an investment in our sport but it’s a belief in our potential. Their support gives us the opportunity to focus on training and competition so we can be at our best. We’re proud to wear their name and represent the U.S. with everything we’ve got.

    Andrew Kurka, Stifel U.S. Para Alpine Ski Team
    Stifel has been huge supporter of the Para alpine team. Helping fund our development, pipeline and giving us the support we need to pursue our careers as athletes. Most Para sports aren’t seen as equal opportunity athletic endeavors. But the fact that Stifel stands behind us, helping to fund our team. Shows they see the big picture and treat athletes on the US Ski team as more than just philanthropic endeavors.

    Tate Frantz, Stifel U.S. Ski Jumping Team
    Having Stifel come on as a title sponsor is a huge boost for our team. Their support means we can keep pushing the limits and representing our country at the highest level. It’s exciting to have a partner that believes in our journey and wants to be part of the ride.

    ABOUT STIFEL
    Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC; and Stifel Independent Advisors, LLC; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com.

    ABOUT U.S. SKI & SNOWBOARD
    U.S. Ski & Snowboard is the Olympic and Paralympic National Governing Body of ski and snowboard sports in the USA, based in Park City, Utah. Started in 1905, the organization now represents nearly 240 elite skiers and snowboarders competing on 10 teams: alpine, cross country, freestyle moguls, freestyle aerials, snowboard, freeski, nordic combined, ski jumping, Para alpine and Para snowboard. In addition to the elite teams, U.S. Ski & Snowboard also provides leadership and direction for tens of thousands of young skiers and snowboarders across the USA, encouraging and supporting them in achieving excellence. By empowering national teams, clubs, coaches, parents, officials, volunteers and fans, U.S. Ski & Snowboard is committed to the progression of its sports, athlete success and the value of team. For more information, visit www.usskiandsnowboard.org

    FOR MORE INFORMATION
    Courtney Harkins
    U.S. Ski & Snowboard, Director of Marketing & Communications
    courtney.harkins@usskiandsnowboard.org

    Rhett Geraghty
    Stifel, Director, Advisor Recruiting & Brand Marketing
    geraghtyr@stifel.com

    The MIL Network

  • MIL-OSI Global: Tax Canadian movies? Why culture has always been at the centre of trade wars

    Source: The Conversation – Canada – By Sarah E.K. Smith, Canada Research Chair in Art, Culture & Global Relations and Associate Professor, Faculty of Information & Media Studies, Western University

    The United States government recently announced a plan to leverage a 100 per cent tariff on “foreign” films. President Donald Trump explained it was because he wanted to protect the U.S. film industry. He said other reasons include “national security” and “propaganda.”

    The current announcement may seem out of place in trade talks about steel and automobiles. But culture has long been a key part of North American trade relations.

    In my book, Trading on Art: Cultural Diplomacy and Free Trade in North America, I examine how culture became a vital tool for shaping relationships among Canada, Mexico and the United States. I focus on visual art — including exhibitions and museum initiatives — to show how culture is intertwined with the negotiation of free trade in North America.

    A history of cultural negotiations

    In the late 20th century, when Canada negotiated the Canada-United States Free Trade Agreement (later expanded into NAFTA), culture was central to free-trade debates.

    The period was charged with anxiety over American cultural imperialism and concerns about protecting Canadian cultural production. Ultimately, at Canada’s urging, culture was formally exempted from free-trade agreements, with limited provisions focused on cultural industries. But even though the cultural exemption in trade agreements may give the impression that culture has nothing to do with the histories of free trade, my research shows otherwise.

    This exemption isn’t just about protecting markets. Political scientist Patricia Goff says it also comes from a “desire to uphold …a distinct cultural identity.” Culture held a key place in the discussions about the impact of free trade. And it served as a means to construct new geopolitical identities, helping to introduce and reinforce the trade alliance.

    Culture was mobilized in different ways. It functioned as a unifying tool, but also a venue for critique.

    For example, following the creation of NAFTA, the online exhibition Panoramas: The North American Landscape in Art brought together art from Canada, Mexico and the U.S. The show offered a new transnational approach and explored landscapes across the continent.

    Other artworks such as Free Expression by Canadian activist-artists Carole Condé and Karl Beveridge articulated a critical response to impending free trade. Their piece depicts apprehension about the danger of U.S. cultural domination and speaks to the need to protect Canada’s cultural producers.

    Art as a diplomatic tool

    All three governments — of Canada, Mexico and the United States — used art exhibitions as a way to create and share stories about North American unity. While art has long been used for national narratives, this collaboration and these new stories about the North American region were a departure.

    For most of the 20th century, people did not think of North America as a unified or shared cultural entity. Most people saw the Americas as divided between Anglo and Latin America.

    Art was seen as a means to overcome this. It provided a way to support and depict the new alliance between Canada, Mexico and the United States under free trade. Exhibitions offered a way to depict North America in a new perspective. They presented concepts about continental unity to the public.

    During a trip to Canada, President Ronald Reagan, Nancy Reagan, Prime Minister Brian Mulroney and Mila Mulroney sing during a gala performance at Grand Théâtre de Québec in March 1985.
    (Ronald Reagan Library), CC BY

    How could Canada, Mexico and the United States understand themselves as part of a regional group? These art shows worked on many levels. They brought together work that helped make visual, thematic connections. They helped cultural professionals meet and make connections. They helped museums forge relationships.

    On top of that, the exhibitions also provided diplomatic spaces. Many openings celebrated specific moments in bi- and trilateral relationships, creating and facilitating social spaces for diplomatic and government connections.

    In this way, these exhibitions functioned as a form of cultural diplomacy. Some were initiated by governments to mark the economic integration of the continent. Others picked up on new understandings of the continent that were circulating. It was a process, according to American historian Nicholas Cull, by which international relationships became managed through the circulation of “cultural resources and achievements.”

    Art and cultural exchange gave people a meaningful and accessible way to see and understand the growing ties between the three countries. Art also offered a powerful and engaging way to tell the public about North American connections.

    Artistic resistance, critiques of free trade

    These were not the only messages circulating in this period. A body of contemporary art questioned and challenged free trade.

    For many Canadian artists, their work offered a means to question and critique increasing economic integration under free trade. In the 1980s and ‘90s, video art was a particularly active site for such work.

    An affordable medium that was easily disseminated, video art critiqued the media coverage of free trade, reflected on cultural nationalism and advanced experimental narratives about North America. Video art was also deeply tied to the anti-globalization protests that began at the start of the economic integration of North America under free trade.

    Video offered a space for creative expression and documentation of the protests. Video also enhanced protection for activists who were safer because they were recording their encounters with law enforcement. Beyond producing artworks, many artists joined other cultural producers, community and labour organizations to advocate against free trade.

    A behind-the-scenes image from the film shoot for ‘Acknowledgment’ (2020) by Jonathan Elliott.
    (Andrew Williamson for the City of Toronto/Toronto History Museums), CC BY-NC

    The role of culture

    Free-trade agreements radically reshaped the economies and public understandings of the western hemisphere in the late 20th century. Political scientist Guy Poitras argues that North America as a region was invented at this time.

    Culture is often overlooked when considering free-trade histories and dismissed as a form of “soft power.” But the cultural sphere does not sit apart from daily life and political economic concerns. Art and exhibitions from this period offer a rich vantage point on how free trade was perceived and contested. Examination of culture also reveals how it was used to construct a North American identity.

    Culture is not simply an entity to be instrumentalized for international relations, but a key venue in which these relations always play out. In the lead up to the renegotiation of the Canada-United States-Mexico Agreement and amid the current tariff war, the ties between Canada, Mexico and the United States seem fragile. We should pay attention to how culture will be used as a tool to support or fracture these connections.

    Sarah E.K. Smith receives funding from the Canada Research Chairs program, the Social Sciences and Humanities Research Council, and Western University. She is affiliated with the North American Cultural Diplomacy Initiative and the International Cultural Relations Research Alliance.

    ref. Tax Canadian movies? Why culture has always been at the centre of trade wars – https://theconversation.com/tax-canadian-movies-why-culture-has-always-been-at-the-centre-of-trade-wars-256022

    MIL OSI – Global Reports

  • MIL-OSI Global: Have journalists skipped the ethics conversation when it comes to using AI?

    Source: The Conversation – Canada – By Angela Misri, Assistant professor, Toronto Metropolitan University

    It’s become clear that many news organizations are still operating in the ethical equivalent of the Wild West when it comes to how they use artificial intelligence. (Shutterstock)

    Artificial intelligence (AI) is being used in journalistic work for everything from transcribing interviews and translating articles to writing and publishing local weather, economic reports and water quality stories.

    It’s even being used to identify story ideas from the minutes of municipal council meetings in cases where time-strapped reporters don’t have time to do so.

    What’s lagging behind all this experimentation are the important conversations about the ethics of using these tools. This disconnect was evident when we interviewed journalists in a mix of newsrooms across Canada from July 2022 to July 2023, and it remains a problem today.

    We conducted semi-structured interviews with 13 journalists from 11 Canadian newsrooms. Many of the people we spoke to told us that they had worked at multiple media organizations throughout their careers.

    The key findings from our recently published research:

    • AI literacy varies within the same newsroom and certainly within the industry as a whole.

    • There’s agreement that humans play an important role in supervising the use of AI, but there’s no agreement on where human journalists must be involved in the process — at the AI tool coding level? Before a piece is published?

    • Journalists believe professional practice and industry standards are being followed when using AI in journalism, but there is no agreed-upon “rule book” for how AI should be used.

    • There are issues with transparency about how and when AI is being used, both among journalists working in the same newsroom and in terms of what is revealed to audiences about whether the content they are consuming was created using AI tools.




    Read more:
    Transparency and trust: How news consumers in Canada want AI to be used in journalism


    What journalists told us

    Some of what we heard was reassuring. One journalist told us:

    “The one thing that we are very particular about when we use this technology is that our editors always have the ability to override what the machine is doing.”

    At the same time, however, it became clear that many news organizations are still operating in the ethical equivalent of the Wild West.

    In many cases, journalists we spoke to talked about just following their gut when it came to deciding if using that AI tool to do that task was ethical. As one of our interviewees put it: “There’s a rule book in my head.”

    When we asked interviewees how they knew their colleagues at the same publication followed the same ethical code they did when using AI, most could not answer except to imply that their co-workers wouldn’t have been hired if they didn’t share the same principles. One journalist said:

    “I’ve worked there for 14 years now …I can’t think of anyone whose ethics I would disagree with.”

    Getting the ethics of AI right and being seen to be doing so is important because journalism has a growing trust problem and needs to do everything possible to reverse the trend.

    Multiple studies have shown that Canadian audiences want to know if AI tools are being used in newsrooms, and they aren’t sure if they want to pay for journalism created using AI.




    Read more:
    How audience data is shaping Canadian journalism


    AI and news

    Audiences, meanwhile, are being fed a steady diet of examples that illustrate how using AI tools to create journalistic work can go very wrong. For instance:

    Journalists and news organizations are still struggling to arrive at a shared understanding of how to use AI tools.
    (Shutterstock)

    News organizations might think they’re being transparent with audiences about how much content is being created using AI, but our research finds the evidence is mixed at best, especially in circumstances where AI generates the content and an editor approves it in the content management system before it is published.

    In one memorable Zoom interview, an editor walked us through the AI-generated content in an article posted online, saying that it was clearly identified as AI on the webpage.

    However, upon sharing the page, they were shocked to discover there was no information about the article being AI-generated anywhere. They said it would be fixed immediately, but when we last checked, the article still said nothing about the AI tool used to generate it.

    While we gathered data from interviews, newsrooms in Canada started releasing guidance through internal emails and public blog posts. It is hard to find any language in publicly accessible policies that refers explicitly to how AI is being used or the ethics surrounding such use. It’s also unclear who is involved in conversations about ethical AI use in newsrooms, and who is not.

    As one journalist we interviewed put it:

    “I think my frustration personally comes from again the lack of openness to have this conversation about AI, and the urgency of it, because I think … we’re so busy trying to survive, we don’t realize that having this conversation about AI will help us survive.”

    Our research suggests journalists and news organizations are still struggling in the midst of rapid technological change to arrive at a shared understanding of AI tools, their usage, the limitations of programming and best practices that build rather than erode trust.

    Angela Misri receives funding from the Social Sciences and Humanities Research Council of Canada and The Creative School at Toronto Metropolitan University.

    April Lindgren receives funding from the School of Journalism and the Journalism Research Centre at Toronto Metropolitan University, the Rossy Foundation and the Social Sciences and Humanities Research Council of Canada. She has received funding previously from MITACS, CTV News, the Ken and Debbie Rubin Public Interest Advocacy Fund and CWA Canada, the Media Union.

    Nicole Blanchett receives funding from the Social Sciences and Humanities Research Council of Canada, The Creative School at Toronto Metropolitan University, and the School of Journalism at Toronto Metropolitan University. She has received funding previously from Centre d’études sur les médias and Mitacs.

    ref. Have journalists skipped the ethics conversation when it comes to using AI? – https://theconversation.com/have-journalists-skipped-the-ethics-conversation-when-it-comes-to-using-ai-255485

    MIL OSI – Global Reports

  • MIL-OSI USA: Amata Honors 522nd Field Artillery Battalion at Historic 80th Anniversary Ceremony in Germany

    Source: United States House of Representatives – Congresswoman Aumua Amata (Western Samoa)

    Washington, D.C. – Congresswoman Uifa’atali Amata, who serves as Vice Chairman of the House Veterans’ Affairs Committee, was humbled to speak in honor of the soldiers that liberated prisoners on a death march from the Dachau Concentration Camp at an 80th Anniversary remembrance, days before the 80th anniversary of Victory in Europe Day (V-E Day). This historic rescue by the soldiers of the 522nd Field Artillery Battalion, part of the 442nd Regimental Combat Team. These were “Nisei” Japanese-American soldiers, 58 percent from Hawaii, while the rest were from the mainland, often the West Coast.

    At the Memorial showing sculptures honoring those who died on the Dachau death march before thousands were rescued by the 522nd Field Artillery Battalion (US Army photo)

    The ceremony with the German War Graves Commission and the Japanese American Veterans Association, included prayers, a wreath-laying, placement of a new plaque at the Memorial, local musicians, and remarks by German leaders and mayors, and U.S. Army and other officials including Congresswoman Amata; Dr. James Miller, Consul General, U.S. Consulate Munich; and Ellen Germain, U.S. State Department’s Special Envoy for Holocaust Issues. 

    Brig. Gen. Steven P. Carpenter, Commanding General, 7th Army Training Command, took time to speak to our Samoan families in Germany

    Of local interest to American Samoa, there is a unique historic link between these heroes and the American Samoa Army Reserve unit, which was a component of the Hawaii-based 100th Infantry Battalion – the only successor unit of the 442nd Regimental Battalion. For more than three decades, until 2021, members of the American Samoan community served with Charlie Company of the 100th Infantry Battalion in American Samoa.

    “Some of these heroic soldiers served in the U.S. military during World War II while they had relatives waiting out the war in internment camps, a difficult and sad chapter in U.S. history. One member of the 442nd became a U.S. Senator, Daniel Inouye, now a towering figure in Hawaii’s history, which I’m reminded of every time I land at the Honolulu International Airport named for him. Senator Inouye knew me and came to my wedding, as he was close friends with my father. After both served in World War II, Governor Coleman and Senator Inouye were both in law school in Washington, graduating from universities in the same city one year apart. They were active together in what was then the Hawaii Territorial Society of Washington, DC. So, it’s very personal to me to honor these Japanese-American soldiers, and this Hawaii connection to our Pacific region for this anniversary,” said Congresswoman Amata.

    Congresswoman Amata and Brig. Gen. Carpenter, 7ATC CG, with our Samoan group in Germany

    In 1945, the 522nd was assigned to the Seventh Army to support the last great Allied advance into Germany. On April 26, 1945, the SS started 14,180 prisoners on a death march from the Dachau concentration camp and Munich area subcamps. 

    On May 2, 1945, with the approach of U.S. troops, the SS abandoned the survivors on the road where the 522nd Field Artillery Battalion, along with units of the 12th Infantry Regiment, and 4th Infantry Division, arrived and rescued 2,700 to 3,000 mostly Jewish Dachau prisoners along with 990 German political prisoners and 100 Slavic, Russian and Polish prisoners. About 3,300 other prisoners were rescued by other American troops nearby. Of the starting 14,180, fewer than half, approximately 6,300, survived to be rescued. The majority of the prisoners had died from murder, disease, medical neglect, exposure, exhaustion, and starvation.

    The Pacific soldiers of the 522nd saw these terrible sights and were able to stay with the rescued prisoners to provide food, security and care for the next few days. 

    “At the 80th Anniversary, we memorialize their role in rescuing and restoring these prisoners after the terrible crimes against them. I am here, first because of the historic ties to our Pacific soldiers who were here, but also because my own father-in-law, Hobart Radewagen, was a member of the 20th Armored Division, one of the three divisions involved in the liberation of Dachau 80 years ago. He was awarded a Bronze Medal for his part in a battle at an SS barracks outside Dachau, another direct link for my family. 

    “In a personal parallel, in 2023, I was at Guadalcanal in Solomon Islands where my father served. They had just marked the 80th anniversary of the first allied offensive against the Japanese which halted their Pacific expansion. Now, I have the humbling honor to join you here to mark the 80th anniversary of Waakirchen, Dachau and the capture of Munich, leading to the end of the war. 

    “Truly, we can look at these events and understand why these soldiers are known as the greatest generation,” she concluded. “God bless the memories here, the important history, and the many descendants as we seek to live in peace and harmony.”

    ###

    MIL OSI USA News

  • MIL-OSI Economics: Universal Music Group and Apple Music announce Sound Therapy

    Source: Apple

    Headline: Universal Music Group and Apple Music announce Sound Therapy

    May 13, 2025

    UPDATE

    Universal Music Group and Apple Music announce Sound Therapy

    The collection leverages cognitive science and UMG’s roster of global superstars, adding subtle auditory beats to well-known curated tracks, aiming to help listeners focus, relax, and sleep

    Apple Music is joining forces with Universal Music Group (UMG) to introduce Sound Therapy, an innovative audio wellness collection designed to help listeners attain clearer focus, deeper relaxation, and better sleep.1

    “For years, elevating music’s role in health and wellbeing has been a strategic priority for UMG, linked to a potentially significant commercial opportunity, as well as something that our chairman and CEO, Sir Lucian, and the entire management team are passionate about,” said Michael Nash, UMG’s executive vice president and chief digital officer. “Given Apple’s leadership at the intersection of health and technology, the launch of Sound Therapy represents an important validation of our innovative, science-led Sollos initiative. We look forward to working closely with the team at Apple to expand the ways that music can be harnessed to improve the wellness benefits for its users.”

    “Every day, people around the world make Apple Music part of their daily routine, and we’ve seen incredible engagement around our personalized mood playlists and the new Apple Music Chill radio station,” said Rachel Newman, Apple Music’s co-head. “Now, with Sound Therapy, we’re proud to work alongside UMG and Sollos to bring a new listening experience to Apple Music — one that’s grounded in artistry, shaped by innovation, and designed to support wellness.”

    Available exclusively on Apple Music, Sound Therapy blends songs subscribers already know and love with special sound waves designed to enhance users’ daily routines, while retaining the artist’s original vision. Backed by scientific research and powered by UMG’s proprietary audio technologies, Sound Therapy harnesses the power of sound waves, psychoacoustics, and cognitive science to help listeners relax or focus the mind.

    The collection was crafted by a team of producers, scientists, and audio engineers at Sollos, a groundbreaking music-wellness venture incubated within UMG’s London offices. Sound Therapy features extended, instrumental, and reimagined versions of popular tracks from acclaimed artists such as Imagine Dragons, Katy Perry, Kacey Musgraves, Ludovico Einaudi, AURORA, Jhené Aiko, Chelsea Cutler, and Jeremy Zucker, providing a premium listening experience.

    Sound Therapy features three categories: Focus, Relax, and Sleep. Songs have been enhanced with auditory beats or colored noise to help encourage specific brain responses. Gamma waves and white noise — a whoosh-like combination of every sound frequency — may help with focusing; theta waves could aid in relaxation; and delta waves and pink noise — a deeper, gentler variation akin to rain or wind — might assist in achieving better sleep. A dreamy version of Katy Perry’s “Double Rainbow,” for example, could help listeners drift off to sleep, while an Imagine Dragons track might help them tackle a to-do list. Learn more about Sound Therapy from Apple Music’s Zane Lowe.

    Apple has long been committed to enabling its customers to lead healthier, more active lives through offerings like Apple Watch, HealthKit, and Apple Fitness+. The company will work closely with Sollos and UMG to further establish scientific evidence supporting music and audio for improved wellbeing, and finding inclusive ways to bring these benefits to people around the world.

    Maintain Focus

    The Focus category is designed to support improved cognitive performance and concentration, tapping into the power of gamma auditory beats to help listeners get in the mindset to achieve optimum focus. White noise masks distracting sounds, aiming to help listeners stay in the moment.

    Time to Relax

    Songs in the Relax category are made for letting go, blending and infusing in theta auditory beats to help achieve ultimate relaxation.

    Made for Sleep

    The Sleep category is designed to encourage deeper sleep through an infusion of delta auditory beats or pink noise, which works similarly to white noise but uses natural sounds like rainfall and ocean waves.

    Sound Therapy arrives on the heels of the brand-new Apple Music Chill radio station, created to serve as a sanctuary of sound listeners can turn to throughout their day to seek refuge. The station’s programming is a continuous flow of chill highlights across genres, interspersed with mindful moments meant to remind listeners to make the time to find center and calm. Enjoy the velvety tones of discerning tastemakers like Brian Eno, Stephan Moccio, and Zane Lowe, who expertly take listeners through stories of calm and wellbeing in their own hosted shows.

    About Apple Music Apple loves music. Apple revolutionized the music experience with iPod and iTunes. Today, the award-winning Apple Music celebrates musicians, songwriters, producers, and fans with a catalog of over 100 million songs, expertly curated playlists, and the best artist interviews, conversations, and global premieres with Apple Music Radio. With original content from the most respected and beloved people in music, autoplay, time-synced lyrics, lossless audio, and immersive sound powered by Spatial Audio with Dolby Atmos, Apple Music offers the world’s best listening experience, helping listeners discover new music and enjoy their favorites while empowering the global artist community. Apple Music is available in over 167 countries and regions on iPhone, iPad, Mac, Apple Watch, Apple TV, HomePod, CarPlay, Apple Vision Pro, and online at music.apple.com, plus popular smart speakers, smart TVs, and Android and Windows devices. Apple Music is ad-free and never shares consumer data with third parties. More information is available at apple.com/apple-music. About Universal Music Group At Universal Music Group, we exist to shape culture through the power of artistry. UMG is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising, and audiovisual content. Featuring the most comprehensive catalogue of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation, and entrepreneurship, UMG fosters the development of services, platforms, and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. For more information on Universal Music Group, please visit universalmusic.com.

    1. Sound Therapy is designed to support a person’s overall wellbeing. It is not intended to treat any medical condition.

    Press Contacts

    Jessica Bass

    Apple

    jessica_bass@apple.com

    Cat Franich

    Apple

    cfranich@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics

  • MIL-OSI Banking: Universal Music Group and Apple Music announce Sound Therapy

    Source: Apple

    Headline: Universal Music Group and Apple Music announce Sound Therapy

    May 13, 2025

    UPDATE

    Universal Music Group and Apple Music announce Sound Therapy

    The collection leverages cognitive science and UMG’s roster of global superstars, adding subtle auditory beats to well-known curated tracks, aiming to help listeners focus, relax, and sleep

    Apple Music is joining forces with Universal Music Group (UMG) to introduce Sound Therapy, an innovative audio wellness collection designed to help listeners attain clearer focus, deeper relaxation, and better sleep.1

    “For years, elevating music’s role in health and wellbeing has been a strategic priority for UMG, linked to a potentially significant commercial opportunity, as well as something that our chairman and CEO, Sir Lucian, and the entire management team are passionate about,” said Michael Nash, UMG’s executive vice president and chief digital officer. “Given Apple’s leadership at the intersection of health and technology, the launch of Sound Therapy represents an important validation of our innovative, science-led Sollos initiative. We look forward to working closely with the team at Apple to expand the ways that music can be harnessed to improve the wellness benefits for its users.”

    “Every day, people around the world make Apple Music part of their daily routine, and we’ve seen incredible engagement around our personalized mood playlists and the new Apple Music Chill radio station,” said Rachel Newman, Apple Music’s co-head. “Now, with Sound Therapy, we’re proud to work alongside UMG and Sollos to bring a new listening experience to Apple Music — one that’s grounded in artistry, shaped by innovation, and designed to support wellness.”

    Available exclusively on Apple Music, Sound Therapy blends songs subscribers already know and love with special sound waves designed to enhance users’ daily routines, while retaining the artist’s original vision. Backed by scientific research and powered by UMG’s proprietary audio technologies, Sound Therapy harnesses the power of sound waves, psychoacoustics, and cognitive science to help listeners relax or focus the mind.

    The collection was crafted by a team of producers, scientists, and audio engineers at Sollos, a groundbreaking music-wellness venture incubated within UMG’s London offices. Sound Therapy features extended, instrumental, and reimagined versions of popular tracks from acclaimed artists such as Imagine Dragons, Katy Perry, Kacey Musgraves, Ludovico Einaudi, AURORA, Jhené Aiko, Chelsea Cutler, and Jeremy Zucker, providing a premium listening experience.

    Sound Therapy features three categories: Focus, Relax, and Sleep. Songs have been enhanced with auditory beats or colored noise to help encourage specific brain responses. Gamma waves and white noise — a whoosh-like combination of every sound frequency — may help with focusing; theta waves could aid in relaxation; and delta waves and pink noise — a deeper, gentler variation akin to rain or wind — might assist in achieving better sleep. A dreamy version of Katy Perry’s “Double Rainbow,” for example, could help listeners drift off to sleep, while an Imagine Dragons track might help them tackle a to-do list. Learn more about Sound Therapy from Apple Music’s Zane Lowe.

    Apple has long been committed to enabling its customers to lead healthier, more active lives through offerings like Apple Watch, HealthKit, and Apple Fitness+. The company will work closely with Sollos and UMG to further establish scientific evidence supporting music and audio for improved wellbeing, and finding inclusive ways to bring these benefits to people around the world.

    Maintain Focus

    The Focus category is designed to support improved cognitive performance and concentration, tapping into the power of gamma auditory beats to help listeners get in the mindset to achieve optimum focus. White noise masks distracting sounds, aiming to help listeners stay in the moment.

    Time to Relax

    Songs in the Relax category are made for letting go, blending and infusing in theta auditory beats to help achieve ultimate relaxation.

    Made for Sleep

    The Sleep category is designed to encourage deeper sleep through an infusion of delta auditory beats or pink noise, which works similarly to white noise but uses natural sounds like rainfall and ocean waves.

    Sound Therapy arrives on the heels of the brand-new Apple Music Chill radio station, created to serve as a sanctuary of sound listeners can turn to throughout their day to seek refuge. The station’s programming is a continuous flow of chill highlights across genres, interspersed with mindful moments meant to remind listeners to make the time to find center and calm. Enjoy the velvety tones of discerning tastemakers like Brian Eno, Stephan Moccio, and Zane Lowe, who expertly take listeners through stories of calm and wellbeing in their own hosted shows.

    About Apple Music Apple loves music. Apple revolutionized the music experience with iPod and iTunes. Today, the award-winning Apple Music celebrates musicians, songwriters, producers, and fans with a catalog of over 100 million songs, expertly curated playlists, and the best artist interviews, conversations, and global premieres with Apple Music Radio. With original content from the most respected and beloved people in music, autoplay, time-synced lyrics, lossless audio, and immersive sound powered by Spatial Audio with Dolby Atmos, Apple Music offers the world’s best listening experience, helping listeners discover new music and enjoy their favorites while empowering the global artist community. Apple Music is available in over 167 countries and regions on iPhone, iPad, Mac, Apple Watch, Apple TV, HomePod, CarPlay, Apple Vision Pro, and online at music.apple.com, plus popular smart speakers, smart TVs, and Android and Windows devices. Apple Music is ad-free and never shares consumer data with third parties. More information is available at apple.com/apple-music. About Universal Music Group At Universal Music Group, we exist to shape culture through the power of artistry. UMG is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising, and audiovisual content. Featuring the most comprehensive catalogue of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation, and entrepreneurship, UMG fosters the development of services, platforms, and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. For more information on Universal Music Group, please visit universalmusic.com.

    1. Sound Therapy is designed to support a person’s overall wellbeing. It is not intended to treat any medical condition.

    Press Contacts

    Jessica Bass

    Apple

    jessica_bass@apple.com

    Cat Franich

    Apple

    cfranich@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Global Banks

  • MIL-OSI Security: New Albany Man Charged with Threatening Public Officials

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    COLUMBUS, Ohio – A New Albany man has been charged with federal crimes related to sending at least 65 threatening letters and electronic communications to approximately 34 victims, including public officials, a local TV station and law enforcement. Many of the letters included a white powder and one letter included a bullet etched with the victim’s last name.

    “Perpetrators who violate federal law by sending such serious threats in the mail or online will not remain anonymous. Actual or threatened political violence in any form must be condemned,” said Acting United States Attorney Kelly A. Norris. “We will work with our law enforcement partners to identify these bad actors and prosecute them.”

    “Targeting public officials with threatening messages and substances is a serious federal crime that won’t go unpunished,” stated FBI Cincinnati Special Agent in Charge Elena Iatarola. “FBI agents have worked closely with our local, state, and federal partners to investigate these incidents and arrest the suspected offender.”

    Ronald Lidderdale, 39, appeared in federal court in Columbus this afternoon. He is charged with making interstate communications with a threat to kidnap or injure, mailing threatening communications, false information and hoaxes, and cyberstalking.

    According to charging documents, Lidderdale allegedly sent the threatening communications to publicly elected officials holding statewide office in Ohio, elected officials holding office in the federal government, and individuals involved in Ohio politics.

    It is alleged that Lidderdale sent at least 49 letters containing suspicious white powders, which at times the sender claimed to be Ricin. To date, 29 victims received the white powder letters.

    One letter contained a 9mm bullet with the last name of the public official etched on it.

    For example, between July and early August 2024, it is alleged that Lidderdale sent a dozen threatening letters via the mail in five different mailings. The return labels on the letters contained mailing information for individuals who were either currently or previously employed by the targeted public official.

    In the letters, Lidderdale allegedly threatened violence against the letter recipients, including language like, “I will kill you for your ignorant loyalty to your pedophilic party” and “I will kill you for the good of The People. Your death will come when you least expect it.”

    Last week, Lidderdale allegedly sent letters to eight victims containing a hitlist of eight individuals he said he would kill in the month of May.

    Court documents allege that Lidderdale sent a letter to a local TV station and emails to federal and local law enforcement outlining his plans.

    It is further alleged that Lidderdale sent threatening emails to public officials stating, “Each [victim] will receive the gift of their names etched onto a single bullet. Their skull is the target the bullet is the gift.”

    On May 8, Lidderdale allegedly told FBI agents that he had sent the letters and emails with the intent to incite fear, including the fear of bodily injury, and to make threats with the goal of changing behavior.

    Mailing threatening communications carries a potential penalty of up to 10 years in prison. Making interstate communications with a threat to kidnap or injure, conveying false information and hoaxes, and cyberstalking are all federal crimes punishable by up to five years in prison.

    Kelly A. Norris, Acting United States Attorney for the Southern District of Ohio; Sue J. Bai, head of the Justice Department’s National Security Division; Elena Iatarola, Special Agent in Charge, Federal Bureau of Investigation (FBI), Cincinnati Division; and Lesley Allison, Inspector in Charge, U.S. Postal Inspection Service (USPIS); as well as the U.S. Capitol Police, Ohio State Highway Patrol and several Ohio police departments; announced the charges filed today. Deputy Criminal Chief Brian J. Martinez and Assistant United States Attorneys Damoun Delaviz and Jessica W. Knight, National Security Division Counterterrorism Section Trial Attorney James Donnelly and Trial Attorney Aaron L. Jennen of the Criminal Division’s Public Integrity Section are representing the United States in this case.

    A criminal complaint merely contains allegations, and defendants are presumed innocent unless proven guilty in a court of law.

    # # #

    MIL Security OSI

  • MIL-OSI: Best AI Voiceover Tool (2025): Voices, by Epidemic Sound, Named Top AI Voiceover Tool by Software Experts

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK CITY, May 13, 2025 (GLOBE NEWSWIRE) — Voices, by Epidemic Sound, has been named the top AI-powered voiceover tool for 2025 by Software Experts, following a detailed evaluation of AI voiceover tools and their applications in digital media production. The designation highlights the growing relevance of high-quality, automated voice solutions amid increasing global demand for scalable content creation.

    Best AI Voiceover Tool:

    • Voices, by Epidemic Sound – takes AI-generated audio beyond robotic tones and into the realm of expressive, real voices crafted by professional voice artists.

    The recognition comes at a time when businesses, educators, marketers, and content producers are seeking reliable and professional voiceover tools that can match the cadence and emotional depth of human narration. Voices, by Epidemic Sound has gained traction for addressing that need through a balance of voice quality, usability, and licensing clarity.

    The full review, published on SoftwareExperts.org, analyzes the platform’s architecture, pricing models, and voice library capabilities in relation to modern creative workflows and production needs. Based on these findings, the site recognized Voices, by Epidemic Sound, as a leader in text-to-speech solutions for audio production in 2025.

    Acknowledging the Rise of AI Voiceover Technology

    The adoption of AI voiceover technology is expanding across industries such as digital education, podcasting, online advertising, social media, and product marketing. Businesses are increasingly investing in automated voice tools to scale voiceover production.

    In this evolving environment, the need for AI voiceovers that sound natural, are easy to deploy, and come with reliable licensing terms has become critical. Software Experts notes that Epidemic Sound’s voiceover tool has met this demand through its streamlined interface and extensive voice options, aligning with broader shifts toward automation and remote-first content production.

    The tool’s growing user base includes digital creators, communication teams, instructional designers, and advertising agencies who prioritize speed, consistency, and authentic human voices in their projects.

    Overview of Voices, by Epidemic Sound

    Epidemic Sound, a Swedish company globally known for its expansive catalog of authentic, world-class music and sound effects, expanded its offering in 2025 to include human voiceovers enhanced by AI. The company’s sound expertise, built over more than a decade, provides a foundation of human voices with the tonal quality and emotional range expected in professional narration, enabling instant voiceovers enhanced by AI.

    Voices enables creators to transform written scripts into speech using a web-based tool or directly in video editing software through plugins for Adobe and DaVinci Resolve Studio. The tool’s functionality supports instant creation of voiceovers in multiple languages, speed adjustment, and real-time previews.

    Software Experts emphasized that, unlike general-purpose voice generator tools built solely on synthetic models, Voices, by Epidemic Sound is built upon the foundation of real human performances by professional voice artists, transformed into AI-powered replicas. The result is natural-sounding voiceovers suited for a wide range of commercial and creative applications. At the same time, the collaboration provides new opportunities for voice artists through a fair and equitable partnership, transparency, and choice, as well as discovery and security.

    Key Use Cases and Industry Applications

    According to the Software Experts’ evaluation, Voices, by Epidemic Sound aligns well with current industry requirements for high-quality narration. The AI voiceover tool supports a variety of use cases, including:

    • Video tutorials and explainers
    • Social media marketing content
    • Brand promotional materials
    • E-learning courses and modules
    • Corporate communications
    • Podcasts and video intros

    Each voice was recorded with careful attention to nuance, intonation, and expression — the elements that make human speech truly compelling. This ensures that any voiceovers created with Epidemic Sound’s tool retain the natural tone and emotional depth of a human performance, making it the perfect vocal match for a variety of content types — from storytelling and instructional videos to persuasive marketing materials.

    Voices also enables consistency across serialized projects, supporting uniform audio branding without fluctuations in quality or delivery. This is particularly beneficial for organizations managing multiple campaigns or regional adaptations that require reliable voice replication over time.

    Technology and Workflow Features

    Software Experts highlighted the usability and technical features of Voices as core strengths. The voiceover tool is web-based, and for an even more streamlined workflow, it is also available directly within video editing software through Epidemic Sound’s plugins for Adobe and DaVinci Resolve Studio. Users can input scripts, select a voice, and customize the output, all within minutes.

    By working with voiceovers directly within video editors, users can seamlessly fine-tune them alongside their video and music in real time, streamlining the production process and reducing the need for additional post-production editing.

    Voiceover files are downloadable in high-quality audio formats, and licensing is automatically aligned with Epidemic Sound’s content usage guidelines. This simplifies the compliance process for professional users who need to deploy content across multiple channels, including commercial broadcast, corporate training portals, and subscription-based platforms.

    Subscription Tiers and Licensing Structure

    Voices, by Epidemic Sound is available through two subscription models, providing scalable access depending on content production volume and usage rights.

    • Pro Plan: Intended for freelancers, agencies, and businesses using voiceovers in monetized or client-facing content. Offers expanded usage rights and premium voice options.
    • Enterprise Plan: Developed for large-scale production teams and media organizations. Includes advanced features such as API access, team collaboration tools, and enhanced licensing flexibility.

    This tiered structure supports both individual users and larger operations, making it possible for content teams to integrate Voices, by Epidemic Sound into existing production workflows without significant friction.

    Addressing Trends in Content Automation

    Software Experts’ report places the emergence of tools like Voices within a larger context of AI adoption in digital content creation. As video and audio production become more decentralized, cloud-based tools that simplify narration and reduce dependency on traditional studio setups are becoming integral to creative operations.

    With a growing emphasis on rapid content deployment and global reach, businesses are turning to voice automation not only for speed but also for consistency in tone and messaging. Voices, by Epidemic Sound, addresses both of these trends, offering a tool that balances the quality of human voiceovers with the accessibility of AI.

    Market Outlook and Platform Developments

    Epidemic Sound continues to invest in expanding its catalog with new voices, styles, and soundtracking tools, with plans for additional language support, emotion-driven voice modulation, and even more streamlined workflows.

    As AI-generated media becomes more prevalent, platforms that emphasize creative control, licensing transparency, and production efficiency are expected to lead market growth. Voices, by Epidemic Sound, by leveraging its existing position in the audio licensing space, is strategically positioned to contribute to this evolution.

    The tool’s consistent updates, responsive user interface, and strong licensing framework are contributing to wider adoption across industry verticals, particularly in education, branded content, and media publishing.

    Recognition by Software Experts

    Software Experts’ review concluded that Voices, by Epidemic Sound addresses the main pain points found in other AI voice tools, particularly in the areas of usability, consistency, and creative flexibility, while staying true to authentic human performances. The recognition of the platform as the top AI voiceover tool in 2025 underscores its relevance to professionals seeking scalable solutions in the fast-changing digital media environment.

    The evaluation criteria included clarity of voice, editing functionality, licensing terms, and user experience. Voices, by Epidemic Sound, scored highly across all categories.

    For readers interested in a detailed breakdown of the platform’s features, pricing, and supported use cases, the full review is available at the Software Experts website.

    About Software Experts: Software Experts provides news and reviews of consumer products and services. As an affiliate, Software Experts may earn commissions from sales generated using links provided.

    The MIL Network

  • MIL-OSI: Blockchain-based HUMO token backed by government bonds to be piloted in Uzbekistan

    Source: GlobeNewswire (MIL-OSI)

    TASHKENT, Uzbekistan, May 13, 2025 (GLOBE NEWSWIRE) — Uzbekistan is set to pilot a new asset-backed token, HUMO, tied to government bonds. The project aims to create innovative methods of attracting foreign investment, increase transparency of financial transactions, and establish an even more attractive investment environment.

    The HUMO token will be backed by government bonds. This structure is intended to provide price stability while minimizing speculative volatility – often a key concern for tokenized instruments.

    It should be noted that the project fully complies with the legislative requirements of the Republic of Uzbekistan regarding the circulation of crypto assets.

    Institutional anchors and technical foundations

    The project is being developed with support from several domestic and international partners. HUMO, the payment system serving over 35 million cardholders and widely integrated into the country’s banking and retail sectors, will serve as the foundation of the project. HUMO’s vast integration with banks and merchants naturally sets the token for mass adoption.

    Technical development is spreadheaded by Asterium, a local crypto service provider, and Broxus, blockchain infrastructure vendor. The project is planned to be launched based on two technologies – EVM and TVM. The technological foundation chosen for TVM is Tycho, a protocol that will ensure support for high loads, scalability, and cost-effective transactions. Tycho is built to support high throughput and low transaction costs, which is critical for potential government-scale use cases.

    Token benefits: Transparency, cost reduction, and integration

    The HUMO token aims to facilitate instant payments, reduce transaction fees, and improve transparency by recording operations on a public blockchain. According to project headliners, it may also help limit informal financial flows and improve the efficiency of cashless payments.

    Alexey Maksimov, Chairman of HUMO, noted that the launch of the HUMO-backed token is an important step towards building an innovative and modern financial system in Uzbekistan: “The creation of this token, fully backed by real assets, will help increase public trust, simplify transactions, and accelerate the development of the country’s digital economy. One of our key objectives is to enhance transparency and reduce the risk of fraud, which is especially important in the current environment.“

    Komilkhuzha Sultonov, Director of Asterium, described the initiative as a step towards integrating blockchain into everyday financial processes: “The HUMO token project lays the groundwork for a new financial system. We are creating a solid infrastructure that integrates modern technology into daily financial transactions, making interactions with crypto assets as simple and routine as it would be with traditional assets.”

    Broxus founder Sergey Shashev emphasized the importance of scalable and secure infrastructure: “We’re delighted to see Broxus technologies contributing to a project of such significance for the government.
    Our mission is to deliver solutions that make digital transactions safe, accessible and transparent, and the Tycho blockchain can achieve that while maintaining high transaction speeds, low fees and reliability required by projects at this level.”

    Looking ahead

    With linkage to real-world assets, the HUMO token may serve as a ground for broader blockchain integration into Uzbekistan’s financial system. In the future, the blockchain platform created within this project could serve as a basis for the development of new digital services in Uzbekistan.

    About HUMO

    National Interbank Processing Center of Uzbekistan (national payment system HUMO) is one of the leading financial infrastructures of Uzbekistan. Its main goal is to become a key financial hub not only in Central Asia but also beyond its borders.

    Since its inception, HUMO has demonstrated steady growth, actively expanding its payment services ecosystem and strengthening partnerships both domestically and internationally.

    Contact:
    Aleksey Maksimov
    Chairman of the Board of the National Interbank Processing Center (NMPC)
    info@humocard.uz

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6bae3662-1d63-4133-bced-52c87d1a4de8

    The MIL Network

  • MIL-OSI: BTCC Exchange Announces Proof of Reserves in April 2025, Demonstrating Powerful 161% Asset Backing for Security

    Source: GlobeNewswire (MIL-OSI)

    VILNIUS, Lithuania, May 13, 2025 (GLOBE NEWSWIRE) — BTCC, the world’s longest-serving cryptocurrency exchange, has recently released its Proof of Reserves (PoR) report for April 2025, demonstrating a robust 161% total reserve ratio. This step marks a significant advancement in BTCC’s commitment to transparency and security of user funds.

    The PoR report dated April 15, 2025 reveals that BTCC maintains reserves well above the 100% threshold across all major cryptocurrencies:

    • Bitcoin (BTC): 165%
    • Ethereum (ETH): 160%
    • Ripple (XRP): 135%
    • Tether (USDT): 162%
    • USD Coin (USDC): 142%
    • Cardano (ADA): 166%

    “The release of our Proof of Reserves report is a natural extension of BTCC’s foundational principles to being transparent,” said Alex, Head of Operations at BTCC Exchange. “We’re committed to increasing transparency around user assets and reinforcing our vision of making cryptocurrency trading reliable and accessible to everyone.”

    A reserve ratio exceeding 100% means users’ assets are not only fully backed 1:1, but over-collateralized—the exchange holds more assets in custody than all users collectively own.

    Proof of Reserves is an audit procedure that verifies the assets held by exchanges to ensure a minimum 1:1 backing of all user funds. BTCC employs the widely recognized Merkle Tree cryptographic tool for its proof of reserves, and users can verify that their assets are securely backed in the exchange’s reserves with the latest Merkle root hash available on the BTCC website.

    This release highlights BTCC’s unwavering commitment to industry transparency and accountability. The exchange will publish PoR report monthly to provide users with continuous verification of their asset security. This regular reporting establishes a new standard of openness for the exchange and demonstrates BTCC’s dedication to building lasting trust with its user community.

    BTCC has maintained an impeccable security record since its founding in 2011, operating for 14 years without a single security breach. As the exchange prepares to celebrate its 14th anniversary this year, this PoR release further solidifies its reputation as a trusted platform in secure cryptocurrency trading.

    About BTCC

    Founded in 2011, BTCC is one of the world’s longest-serving cryptocurrency exchanges, offering secure and user-friendly trading services to millions of users globally. With a commitment to security, innovation, and community building, BTCC continues to be a trusted platform in the evolving cryptocurrency landscape.

    Website: https://www.btcc.com/en-US

    X: https://x.com/BTCCexchange

    Contact: press@btcc.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2f857007-fb8e-421c-9555-d8be27a53009

    The MIL Network