Category: Entertainment

  • MIL-OSI: Hallador Energy Company Reports First Quarter 2025 Financial and Operating Results

    Source: GlobeNewswire (MIL-OSI)

    – Q1 Total Revenue up 6% YoY to $117.8 Million –
    – Q1 Net Income up Materially YoY to $10.0 Million or $0.23 Earnings per Share –
    – Q1 Operating Cash Flow up ~2x YoY to $38.4 Million –
    – Q1 Adjusted EBITDA up ~3x YoY to $19.3 Million –

    TERRE HAUTE, Ind., May 12, 2025 (GLOBE NEWSWIRE) — Hallador Energy Company (Nasdaq: HNRG) (“Hallador” or the “Company”) today reported its financial results for the first quarter ended March 31, 2025.

    “We are pleased with our first quarter performance as we returned to top line growth and saw material improvements to our bottom line and cash flow generation, underscoring the strength of our strategic shift to a vertically integrated independent power producer (‘IPP’),” said Brent Bilsland, President and Chief Executive Officer. “January and February offered a strong backdrop as the combination of colder weather and higher pricing enabled us to benefit from increased dispatch volumes.”

    “We are making meaningful progress in our negotiations with a leading global data center developer for the long-term supply of capacity and energy from our facility. Our partner has demonstrated their commitment through significant investments, including securing land, transmission capacity and equipment, in addition to the previously announced exclusivity agreement with us that runs through early June 2025. Given the inherent complexity of these multi-party agreements, it is uncertain that we will finalize terms before the exclusivity expires. However, we remain confident that we will execute a strategic transaction that delivers long-term value for our shareholders.”

    Bilsland continued, “We continue to see rising demand for reliable power, particularly as grid volatility grows with the retirement of dispatchable generation. That demand, paired with supportive regulatory sentiment and Hallador’s ability to deliver dependable energy, positions us well for sustained growth. Our evaluation of dual-fuel capabilities and potential acquisitions of other dispatchable generation assets reflect our confidence in the long-term economics and viability of our platform. With a robust contracted sales book, strengthening fundamentals, and ongoing interest from high-demand end users, we believe we are well-positioned to materially strengthen our opportunities for growth and cash flow generation for many years to come.”

    First Quarter 2025 Highlights

    • Hallador returned to growth on both the top and bottom line.
      • Total revenue increased 6% year-over-year and 24% quarter-over-quarter to $117.8 million, driven by a strong increase in electric sales to $85.9 million. Electric sales are currently 73% of the Company’s revenue mix, underscoring Hallador’s commitment to emphasizing electric sales as an IPP.
      • Net income increased materially to $10.0 million, with adjusted EBITDA up ~3x year-over-year and 78% quarter-over-quarter to $19.3 million.
    • The Company generated $38.4 million in operating cash flow during the first quarter, which partially supported the repayment of debt and funding capex.
      • Total bank debt was reduced to $23.0 million at March 31, 2025, compared to $44.0 million at December 31, 2024, and $77.0 million at March 31, 2024.
      • Total liquidity was $69.0 million at March 31, 2025, compared to $37.8 million at December 31, 2024, and $39.5 million at March 31, 2024.
      • Capital expenditures in the first quarter were $11.7 million compared to $14.9 million in the year-ago period.
    • Hallador continues to focus on forward sales to secure its energy position.
      • At quarter-end, Hallador had total forward energy, capacity and coal sales to 3rd party customers of $1.1 billion through 2029.

    Financial Summary ($ in Millions and Unaudited)

        Q1 2024   Q4 2024   Q1 2025
    Electric Sales   $ 60.7     $ 69.7     $ 85.9  
    Coal Sales – 3rd Party   $ 49.6     $ 23.3     $ 30.2  
    Other Revenue   $ 1.3     $ 1.8     $ 1.7  
    Total Sales and Operating Revenue   $ 111.6     $ 94.8     $ 117.8  
    Net Income (Loss)   $ (1.7 )   $ (215.8 )   $ 10.0  
    Operating Cash Flow   $ 16.4     $ 32.5     $ 38.4  
    Adjusted EBITDA*   $ 6.8     $ 6.2     $ 19.3  
    ___________________________
    Non-GAAP financial measure, defined as EBITDA plus effects of certain subsidiary and equity method investment activity, less other amortization, plus certain operating activities including stock-based compensation, asset retirement obligations accretion, less gain on disposal or abandonment of assets, plus other reclassifications such as special non-recurring project expenses.

    Adjusted EBITDA should not be considered an alternative to net income, income from operations, cash flows from operating activities or any other measure of financial performance presented in accordance with GAAP. Our method of computing Adjusted EBITDA may not be the same method used to compute similar measures reported by other companies.

    Management believes the non-GAAP financial measure, Adjusted EBITDA, is an important measure in analyzing our liquidity and is a key component of certain material covenants contained within our Credit Agreement, specifically the minimum quarterly EBITDA. Noncompliance with the covenants could result in our lenders requiring the Company to immediately repay all amounts borrowed. If we cannot satisfy these financial covenants, we would be prohibited under our Credit Agreement from engaging in certain activities, such as incurring additional indebtedness, making certain payments, and acquiring and disposing of assets. Consequently, Adjusted EBITDA is critical to the assessment of our liquidity. The required amount of Adjusted EBITDA is a variable based on our debt outstanding and/or required debt payments at the time of the quarterly calculation based on a rolling prior 12-month period.

    Reconciliation of the non-GAAP financial measure, Adjusted EBITDA, to Income (Loss) before Income taxes, the most comparable GAAP measure, is as follows (in thousands) for the three months ended March 31, 2025 and 2024, respectively.

    Reconciliation of GAAP “Income (Loss) before Income Taxes” to non-GAAP “Adjusted EBITDA”
    (In $ Thousands and Unaudited)
     
        Three Months Ended
        March 31, 
        2025   2024
    NET INCOME (LOSS)   $ 9,979     $ (1,696 )
    Interest expense     3,723       3,937  
    Income tax expense (benefit)           (610 )
    Depreciation, depletion and amortization     14,977       15,443  
    EBITDA     28,679       17,074  
    Other operating revenue           7  
    Stock-based compensation     1,084       666  
    Asset retirement obligations accretion     427       399  
    Other amortization (1)     (11,334 )     (12,401 )
    (Gain) loss on disposal or abandonment of assets, net     (21 )     (24 )
    Loss on extinguishment of debt           853  
    Equity method investment (loss)     236       249  
    Other reclassifications     239        
    Adjusted EBITDA   $ 19,310     $ 6,823  
     
    (1) Other amortization relates to the non-cash amortization of the Hoosier PPA entered into in connection with the acquisition of the Merom Power Plant in 2022.


    Solid Forward Sales Position – Segment Basis, Before Intercompany Eliminations (unaudited):

        2025   2026   2027   2028   2029   Total
    Power                                                
    Energy                                                
    Contracted MWh (in millions)     3.04       3.36       1.78       1.09       0.27       9.54  
    Average contracted price per MWh   $ 37.20     $ 44.43     $ 54.66     $ 52.94     $ 51.33          
    Contracted revenue (in millions)   $ 113.09     $ 149.28     $ 97.29     $ 57.70     $ 13.86     $ 431.22  
                                                     
    Capacity                                                
    Average daily contracted capacity MW     784       733       623       454       100          
    Average contracted capacity price per MWd   $ 211     $ 230     $ 226     $ 225     $ 230          
    Contracted capacity revenue (in millions)   $ 45.45     $ 61.54     $ 51.40     $ 37.33     $ 3.47     $ 199.19  
                                                     
    Total Energy & Capacity Revenue                                                
                                                     
    Contracted Power revenue (in millions)   $ 158.54     $ 210.82     $ 148.69     $ 95.03     $ 17.33     $ 630.41  
                                                     
    Coal                                                
    Priced tons – 3rd party (in millions)     2.21       2.50       2.50       0.50             7.71  
    Avg price per ton – 3rd party   $ 50.95     $ 55.49     $ 56.74     $ 59.00     $          
    Contracted coal revenue – 3rd party (in millions)   $ 112.60     $ 138.73     $ 141.85     $ 29.50     $     $ 422.68  
                                                     
    TOTAL CONTRACTED REVENUE (IN MILLIONS) – CONSOLIDATED   $ 271.14     $ 349.55     $ 290.54     $ 124.53     $ 17.33     $ 1,053.09  
                                                     
    Priced tons – Intercompany (in millions)     1.82       2.30       2.30       2.30             8.72  
    Avg price per ton – Intercompany   $ 51.00     $ 51.00     $ 51.00     $ 51.00     $          
    Contracted coal revenue – Intercompany (in millions)   $ 92.82     $ 117.30     $ 117.30     $ 117.30     $     $ 444.72  
                                                     
    TOTAL CONTRACTED REVENUE (IN MILLIONS) – SEGMENT   $ 363.96     $ 466.85     $ 407.84     $ 241.83     $ 17.33     $ 1,497.81  


    Forward-Looking Statements

    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act). Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as “expects,” “believes,” “intends,” “anticipates,” “plans,” “estimates,” “guidance,” “target,” “potential,” “possible,” or “probable” or statements that certain actions, events or results “may,” “will,” “should,” or “could” be taken, occur or be achieved. Forward-looking statements include, without limitation, those relating to our ability to execute definitive agreements with respect to the non-binding term sheet with a leading global data center developer, to execute a strategic transaction that delivers long-term value for our shareholders or to strengthen opportunities for growth and cash flow generation. Forward-looking statements are based on current expectations and assumptions and analyses made by Hallador and its management in light of experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances that involve various risks and uncertainties that could cause actual results to differ materially from those reflected in the statements. These risks include, but are not limited to, those set forth in Hallador’s annual report on Form 10-K for the year ended December 31, 2024, and other Securities and Exchange Commission filings. Hallador undertakes no obligation to revise or update publicly any forward-looking statements except as required by law.

    Conference Call and Webcast

    Hallador management will host a conference call today, May 12, 2025, at 5:00 p.m. Eastern time to discuss its financial and operational results, followed by a question-and-answer period.

    Date: Monday, May 12, 2025
    Time: 5:00 p.m. Eastern time
    Dial-in registration link: here
    Live webcast registration link: here

    The conference call will also be broadcast live and available for replay in the investor relations section of the Company’s website at www.halladorenergy.com.

    About Hallador Energy Company

    Hallador Energy Company (Nasdaq: HNRG) is a vertically-integrated Independent Power Producer (IPP) based in Terre Haute, Indiana. The Company has two core businesses: Hallador Power Company, LLC, which produces electricity and capacity at its one-Gigawatt (GW) Merom Generating Station, and Sunrise Coal, LLC, which produces and supplies fuel to the Merom Generating Station and other companies. To learn more about Hallador, visit the Company’s website at http://www.halladorenergy.com/.

    Company Contact

    Marjorie Hargrave
    Chief Financial Officer
    MHargrave@halladorenergy.com

    Investor Relations Contact

    Sean Mansouri, CFA
    Elevate IR
    (720) 330-2829
    HNRG@elevate-ir.com

    Hallador Energy Company
    Condensed Consolidated Balance Sheets
    (in thousands, except per share data)
    (unaudited)
     
        March 31,   December 31,
        2025   2024
    ASSETS            
    Current assets:            
    Cash and cash equivalents   $ 6,891     $ 7,232  
    Restricted cash     9,316       4,921  
    Accounts receivable     12,582       15,438  
    Inventory     36,318       36,685  
    Parts and supplies     40,137       39,104  
    Prepaid expenses     1,808       1,478  
    Total current assets     107,052       104,858  
    Property, plant and equipment:            
    Land and mineral rights     70,307       70,307  
    Buildings and equipment     435,329       429,857  
    Mine development     94,725       92,458  
    Finance lease right-of-use assets     13,034       13,034  
    Total property, plant and equipment     613,395       605,656  
    Less – accumulated depreciation, depletion and amortization     (360,624 )     (347,952 )
    Total property, plant and equipment, net     252,771       257,704  
    Equity method investments     2,370       2,607  
    Other assets     3,904       3,951  
    Total assets   $ 366,097     $ 369,120  
                 
    LIABILITIES AND STOCKHOLDERS’ EQUITY            
    Current liabilities:            
    Current portion of bank debt, net   $ 16,965     $ 4,095  
    Accounts payable and accrued liabilities     45,652       44,298  
    Current portion of lease financing     7,067       6,912  
    Contract liabilities – current     107,368       97,598  
    Total current liabilities     177,052       152,903  
    Long-term liabilities:            
    Bank debt, net     4,000       37,394  
    Long-term lease financing     6,921       8,749  
    Asset retirement obligations     15,386       14,957  
    Contract liabilities – long-term     42,539       49,121  
    Other     4,851       1,711  
    Total long-term liabilities     73,697       111,932  
    Total liabilities     250,749       264,835  
    Commitments and contingencies (Note 16)            
    Stockholders’ equity:            
    Preferred stock, $.10 par value, 10,000 shares authorized; none issued            
    Common stock, $.01 par value, 100,000 shares authorized; 42,978 and 42,621 issued and outstanding, as of March 31, 2025 and December 31, 2024, respectively     430       426  
    Additional paid-in capital     190,378       189,298  
    Retained earnings (deficit)     (75,460 )     (85,439 )
    Total stockholders’ equity     115,348       104,285  
    Total liabilities and stockholders’ equity   $ 366,097     $ 369,120  
    Hallador Energy Company
    Condensed Consolidated Statements of Operations
    (in thousands, except per share data)
    (unaudited)
     
        Three Months Ended March 31,
        2025   2024
    SALES AND OPERATING REVENUES:            
    Electric sales   $ 85,943     $ 60,681  
    Coal sales     30,185       49,630  
    Other revenues     1,659       1,263  
    Total sales and operating revenues     117,787       111,574  
    EXPENSES:            
    Fuel     15,210       8,059  
    Other operating and maintenance costs     28,389       37,262  
    Cost of purchased power     6,840       1,926  
    Utilities     4,152       4,594  
    Labor     27,029       35,168  
    Depreciation, depletion and amortization     14,977       15,443  
    Asset retirement obligations accretion     427       399  
    Exploration costs     21       70  
    General and administrative     6,825       5,944  
    Gain on disposal or abandonment of assets, net     (21 )     (24 )
    Total operating expenses     103,849       108,841  
                 
    INCOME FROM OPERATIONS     13,938       2,733  
                 
    Interest expense (1)     (3,723 )     (3,937 )
    Loss on extinguishment of debt           (853 )
    Equity method investment (loss)     (236 )     (249 )
    NET INCOME (LOSS) BEFORE INCOME TAXES     9,979       (2,306 )
                 
    INCOME TAX EXPENSE (BENEFIT):            
    Current            
    Deferred           (610 )
    Total income tax expense (benefit)           (610 )
                 
    NET INCOME (LOSS)   $ 9,979     $ (1,696 )
                 
    NET INCOME (LOSS) PER SHARE:            
    Basic   $ 0.23     $ (0.05 )
    Diluted   $ 0.23     $ (0.05 )
                 
    WEIGHTED AVERAGE SHARES OUTSTANDING            
    Basic     42,619       34,816  
    Diluted     43,462       34,816  
    Hallador Energy Company
    Condensed Consolidated Statements of Cash Flows
    (in thousands)
    (unaudited)
     
        Three Months Ended March 31,
        2025   2024
    CASH FLOWS FROM OPERATING ACTIVITIES:            
    Net income (loss)   $ 9,979     $ (1,696 )
    Adjustments to reconcile net income (loss) to net cash provided by operating activities:            
    Deferred income tax (benefit)           (610 )
    Equity method investment loss     236       249  
    Depreciation, depletion and amortization     14,977       15,443  
    Loss on extinguishment of debt           853  
    Gain on disposal or abandonment of assets, net     (21 )     (24 )
    Amortization of debt issuance costs     497       404  
    Asset retirement obligations accretion     427       399  
    Cash paid on asset retirement obligation reclamation     (156 )     (639 )
    Stock-based compensation     1,084       666  
    Amortization of contract liabilities     (35,669 )     (24,529 )
    Accretion on contract liabilities     1,560        
    Change in current assets and liabilities:            
    Accounts receivable     2,856       5,709  
    Inventory     367       (6,613 )
    Parts and supplies     (1,033 )     (1,483 )
    Prepaid expenses     (330 )     (37 )
    Accounts payable and accrued liabilities     3,124       (8,015 )
    Contract liabilities     37,297       35,355  
    Other     3,224       937  
    Net cash provided by operating activities   $ 38,419     $ 16,369  
    Hallador Energy Company
    Condensed Consolidated Statements of Cash Flows
    (in thousands)
    (continued)
    (unaudited)
     
        Three Months Ended March 31,
        2025   2024
    CASH FLOWS FROM INVESTING ACTIVITIES:            
    Capital expenditures   $ (11,693 )   $ (14,874 )
    Proceeds from sale of equipment     21       24  
    Net cash used in investing activities     (11,672 )     (14,850 )
                 
    CASH FLOWS FROM FINANCING ACTIVITIES:            
    Payments on bank debt     (33,000 )     (26,500 )
    Borrowings of bank debt     12,000       12,000  
    Payments on lease financing     (1,693 )     (1,238 )
    Proceeds from sale and leaseback arrangement           1,927  
    Issuance of related party notes payable           5,000  
    Debt issuance costs           (38 )
    ATM offering           6,580  
    Taxes paid on vesting of RSUs           (1 )
    Net cash used in financing activities     (22,693 )     (2,270 )
    Increase (decrease) in cash, cash equivalents, and restricted cash     4,054       (751 )
    Cash, cash equivalents, and restricted cash, beginning of period     12,153       7,123  
    Cash, cash equivalents, and restricted cash, end of period   $ 16,207     $ 6,372  
                 
    CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:            
    Cash and cash equivalents   $ 6,891     $ 1,635  
    Restricted cash     9,316       4,737  
        $ 16,207     $ 6,372  
                 
    SUPPLEMENTAL CASH FLOW INFORMATION:            
    Cash paid for interest   $ 1,830     $ 3,083  
                 
    SUPPLEMENTAL NON-CASH FLOW INFORMATION:            
    Change in capital expenditures included in accounts payable and prepaid expense   $ (1,649 )   $ (5,290 )
    Stock issued on redemption of convertible notes and interest   $     $ 9,721  

    The MIL Network

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

    Source: GlobeNewswire (MIL-OSI)

    New Customer Launches Drive 40% Revenue Growth for Software Subscriptions and Services

    Strong Balance Sheet of $109.7 Million Powering R&D Activities in AI-Driven Customer Platform and Corporate Initiatives

    AUSTIN, Texas, May 12, 2025 (GLOBE NEWSWIRE) — Phunware, Inc. (“Phunware” or the “Company”) (NASDAQ: PHUN), a leader in enterprise cloud solutions for mobile applications, today reported financial results for the first quarter ended March 31, 2025.

    Financial Highlights

    • Software subscriptions and services revenue increased 40% to $0.6 million in Q1 2025, as compared to Q1 2024.
    • Q1 2025 software and subscription bookings totaled $0.4 million.
    • Net loss was $3.7 million for the three months ended March 31, 2025, as compared to $2.3 million in the previous year period.
      • Primary driver for net loss increase was $1.2 million one-time legal expenses related to the Wild Basin litigation bench trial that concluded in Q1 2025; a decision is expected in Q3 2025.
    • Net loss per share improved to ($0.18) per share in Q1 2025, as compared to ($0.33) per share in Q1 2024.
    • Net cash used in operations decreased to $3.3 million for the three months ended March 31, 2025, compared to $5.5 million for the previous year period.
    • Cash and cash equivalents as of March 31, 2025, was $109.7 million.

    Recent Business Highlights

    • During Q1 2025, added three (3) new customers in the hospitality vertical. Momentum carried into Q2, with a new $0.5 million booking for a multi-location health care facility.
    • Appointed Quyen Du to the Board of Directors, a 25-year corporate strategy and development executive with Fortune 500 consumer brands.
      • Her appointment satisfies Nasdaq Stock Market LLC (“Nasdaq”) continued listing requirements for audit committee service.
    • Attended investor and industry conferences including the 37th Annual ROTH Conference and upcoming 2025 Hospitality Industry Technology Exposition and Conference (HITEC®) June 16–19 in Indianapolis, Indiana.

    Management Commentary

    “The first quarter of 2025 was underscored by new customers and bookings and continued focus on our AI-related initiatives,” said interim CEO Stephen Chen. “First quarter revenues of $0.7 million and gross margin of 52% were driven by a 40% increase in Mobile software subscriptions and services with delivered customer projects. With an existing hospitality customer, we launched an integrated conference solution including dynamic wayfinding, mobile engagement messaging, events scheduling, and content management. With a well-known resort and entertainment venue customer, we launched our hospitality industry solution application to enhance guest experiences.”

    “Software bookings for the first quarter were $0.4 million and we continue to accelerate our pipeline while simultaneously shortening the sales cycle. With three new customers in the hospitality vertical during the first quarter, and a $0.5 million multi-location health care facility booking in the second quarter, we believe customer momentum continues to accelerate.”

    “We were honored to appoint Quyen Du to our Board of Directors in February. Ms. Du brings 25 years’ experience in strategy and corporate development as an executive at Fortune 500 consumer brands. She has an impressive record of guiding strategic growth and will add tremendous expertise to our Board for Phunware investments, M&A and new business development strategies. We are happy to announce that Ms. Du was elected to three-year term at our most recent stockholders’ meeting.”

    “While we’ve seen some softness in the ad market, we are focused on new opportunities in that market and investing in marketing and research and development in generative and agentic AI initiatives, among others. We remain committed to reinforcing our core business units, identifying high-impact investment and M&A opportunities, driving operational excellence, and aligning our cost structure for long-term scalability. We are also committed to enhancing our team with experienced sales, marketing, and technology professionals to amplify market visibility and accelerate customer acquisition.”

    “Looking ahead, we are developing additional features and functionalities for our existing products, including AI-related features such as AI Personal Concierge for hospitality customers and their guests and Intelligent Reporting for large real property owners. We expect to launch the initial AI Personal Concierge product in mid-2025. With our leadership position in mobile app development, combined with compelling new technology improvements and AI integration, we are executing on our strategic vision to deliver our solutions globally. I look forward to additional announcements and milestones in the months ahead,” concluded Chen.

    Note about Non-GAAP Financial Measures

    A non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with accounting principles generally accepted in the United States of America, or GAAP. Non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures. Other companies may use different non-GAAP measures and presentation of results.

    In addition to financial results presented in accordance with GAAP, this press release presents adjusted EBITDA, which is a non-GAAP measure. Adjusted EBITDA is determined by taking net loss and adding interest expense (income), income tax expense, depreciation, and further adjusted for non-cash impairment, valuation adjustments and stock-based compensation expense. The company believes that this non-GAAP measure, viewed in addition to and not in lieu of net loss, provides additional information to investors by providing a more focused measure of operating results. This metric is an integral part of the Company’s internal reporting to evaluate its operations and the performance of senior management. A reconciliation of adjusted EBITDA to net loss, the most comparable GAAP measure, is available in the accompanying financial tables below. The non-GAAP measure presented herein may not be comparable to similarly titled measures presented by other companies.

           
    US-GAAP NET LOSS TO ADJUSTED EBITDA RECONCILIATION
    (Unaudited)
           
        Three Months Ended March 31,  
    (in thousands)   2025     2024  
    Net loss   $ (3,723 )   $ (2,292 )
    Add back: Depreciation     4       4  
    Add back: Interest expense     9       108  
    Less: Interest income     (1,119 )     (140 )
    EBITDA     (4,829 )     (2,320 )
    Add back: Stock-based compensation     86       630  
    Less: Gain on extinguishment of debt           (535 )
    Adjusted EBITDA   $ (4,743 )   $ (2,225 )
                     

    About Phunware

    Phunware, Inc. (NASDAQ: PHUN) is an enterprise software company specializing in mobile app solutions with integrated intelligent capabilities. We provide businesses with the tools to create, implement, and manage custom mobile applications, analytics, digital advertising, and location-based services. Phunware is transforming mobile engagement by delivering scalable, personalized, and data-driven mobile app experiences.

    Phunware’s mission is to achieve unparalleled connectivity and monetization through the widespread adoption of Phunware mobile technologies, leveraging brands, consumers, partners, digital asset holders, and market participants. Phunware is poised to expand its software products and services audience through a new Generative AI platform which is in development, utilize and monetize its patents and other intellectual property, and renewed focus on development of a digital asset ecosystem for existing holders and new market participants.

    For more information on Phunware, please visit www.phunware.com. To better understand and leverage generative AI and Phunware’s mobile app technologies, visit ai.phunware.com.

    Safe Harbor / Forward-Looking Statements

    This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” and similar expressions are intended to identify forward-looking statements. For example, Phunware is using forward-looking statements when it discusses the adoption and impact of emerging technologies and their use across mobile engagement platforms. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. These forward-looking statements involve risks, uncertainties, and other assumptions that may cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the SEC. We undertake no obligation to update any forward-looking statements.

    By their nature, forward-looking statements involve risks and uncertainties. We caution you that forward-looking statements are not guarantees of future performance and that our actual results may differ materially from those expressed or implied by these forward-looking statements.

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

    Phunware Media Contact:
    Joe McGurk, Managing Director
    917-259-6895
    PHUN@mzgroup.us

               
    Phunware, Inc.
    Consolidated Balance Sheets
    (In thousands, except share and per share data)
               
      March 31,     December 31,  
      2025     2024  
    Assets: (Unaudited)        
    Current assets:          
    Cash and cash equivalents $ 109,719     $ 112,974  
    Accounts receivable, net of allowance for credit losses of $264 and $166 as of March 31, 2025 and December 31, 2024, respectively   697       276  
    Digital currencies   82       103  
    Prepaid expenses and other current assets   588       406  
    Total current assets   111,086       113,759  
    Non-current assets:          
    Property and equipment, net   20       24  
    Right-of-use asset   770       840  
    Other assets   158       158  
    Total non-current assets   948       1,022  
    Total assets $ 112,034     $ 114,781  
               
    Liabilities and stockholders’ equity          
    Current liabilities:          
    Accounts payable $ 4,073     $ 3,754  
    Accrued expenses   492       148  
    Deferred revenue   1,124       1,034  
    Lease liability   320       313  
    PhunCoin subscription payable   1,202       1,202  
    Total current liabilities   7,211       6,451  
    Deferred revenue   660       528  
    Lease liability   537       619  
    Total noncurrent liabilities   1,197       1,147  
    Total liabilities   8,408       7,598  
    Commitments and contingencies (See Note 7)          
    Stockholders’ equity          
    Common stock, $0.0001 par value, 1,000,000,000 shares authorized; 20,180,875 shares issued and 20,170,745 share outstanding as of March 31, 2025 and 20,166,665 shares issued and 20,156,535 shares outstanding as of December 31, 2024   2       2  
    Treasury Stock   (502 )     (502 )
    Additional paid-in capital   421,169       421,003  
    Accumulated deficit   (317,043 )     (313,320 )
    Total stockholders’ equity   103,626       107,183  
    Total liabilities and stockholders’ equity $ 112,034     $ 114,781  
                   
    Phunware, Inc.
    Consolidated Statements of Operations and Comprehensive Loss
    (In thousands, except share and per share information)
         
      Three Months Ended  
      March 31,  
      2025     2024  
               
    Net revenues $ 688     $ 921  
    Cost of revenues   329       397  
    Gross profit   359       524  
    Operating expenses:          
    Sales and marketing   896       443  
    General and administrative   3,464       2,471  
    Research and development   813       484  
    Total operating expenses   5,173       3,398  
    Operating loss   (4,814 )     (2,874 )
    Other income (expense):          
    Interest expense   (9 )     (108 )
    Interest income   1,119       140  
    Gain on extinguishment of debt         535  
    Other (expense) income, net   (19 )     15  
    Total other income   1,091       582  
    Loss before taxes   (3,723 )     (2,292 )
    Income tax expense          
    Net loss   (3,723 )     (2,292 )
    Net loss per share, basic and diluted $ (0.18 )   $ (0.33 )
    Weighted-average shares used to compute net loss per share, basic & diluted   20,169,640       6,864,226  
                   
    Phunware, Inc.
    Consolidated Statements of Cash Flows
    (In thousands)
         
      Three Months Ended  
      March 31,  
      2025     2024  
    Operating activities          
    Net loss $ (3,723 )   $ (2,292 )
    Adjustments to reconcile net loss to net cash used in operating activities:          
    Gain on extinguishment of debt         (535 )
    Stock-based compensation   86       630  
    Other adjustments   132       329  
    Changes in operating assets and liabilities:          
    Accounts receivable   (444 )     (82 )
    Prepaid expenses and other assets   (182 )     (11 )
    Accounts payable and accrued expenses   663       (2,893 )
    Lease liability payments   (89 )     (185 )
    Deferred revenue   222       (286 )
    Net cash used in operating activities from continued operations   (3,335 )     (5,325 )
    Net cash used in operating activities from discontinued operations         (205 )
    Net cash used in operating activities   (3,335 )     (5,530 )
    Investing activities          
    Net cash provided by (used in) investing activities          
    Financing activities          
    Proceeds from sales of common stock, net of issuance costs   80       23,204  
    Net cash provided by financing activities   80       23,204  
               
    Effect of exchange rate on cash         (41 )
    Net (decrease) increase in cash and cash equivalents   (3,255 )     17,633  
    Cash and cash equivalents at the beginning of the period   112,974       3,934  
    Cash and cash equivalents at the end of the period $ 109,719     $ 21,567  
               
               
    Supplemental disclosure of cash flow information          
    Interest paid $ 9     $ 4  
    Income taxes paid $     $ 26  
    Supplemental disclosures of non-cash financing activities:          
    Issuance of common stock upon conversion of the 2022 Promissory Note $     $ 4,505  
    Issuance of common stock for payment of bonuses and consulting fees $     $ 35  
                   

    The MIL Network

  • MIL-OSI: GigaCloud Technology Inc Announces First Quarter Ended March 31, 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    EL MONTE, Calif., May 12, 2025 (GLOBE NEWSWIRE) — GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced financial results for the first quarter ended March 31, 2025, including sustained revenue and GMV growth over the comparable prior year period.

    First Quarter 2025 Financial Highlights

    • Total revenues of $271.9 million, increased 8.3% year-over-year.
    • Gross profit of $63.7 million, decreased 4.2% year-over-year.
      Gross margin was 23.4%, compared to 26.5% in the first quarter of 2024.
    • Net income of $27.1 million, in line with $27.2 million reported in the prior-year period.
      Net income margin was 10.0%, compared to 10.8% in the first quarter of 2024.
      Diluted EPS increased 3.0% year-over-year to $0.68.
    • Adjusted EBITDA1 of $33.2 million, decreased 3.8% year-over-year.
      Adjusted EPS – diluted2 of $0.83, decreased 1.2% year-over-year.
    • Cash and cash equivalents, Restricted Cash, and Investments totaled $287.5 million as of March 31, 2025, a 5.1% decrease from December 31, 2024.

    Operational Highlights

    • GigaCloud Marketplace GMV3 increased 56.1% year-over-year to $1,416.7 million for the 12 months ended March 31, 2025.
    • 3P seller GigaCloud Marketplace GMV4 increased 49.9% year-over-year to $734.3 million for the 12 months ended March 31, 2025. 3P seller GigaCloud Marketplace GMV represented 51.8% of total GigaCloud Marketplace GMV for the 12 months ended March 31, 2025.
    • Active 3P sellers5 increased 33.4% year-over-year to 1,154 for the 12 months ended March 31, 2025.
    • Active buyers6 increased 81.4% year-over-year to 9,966 for the 12 months ended March 31, 2025.
    • Spend per active buyer7 was $142,156 for the 12 months ended March 31, 2025.

    “Despite persistent industry headwinds, we continue to grow and see the strength of the GigaCloud Marketplace come through—buyers and sellers continue to lean in during times of volatility and challenge. That is a testament to the efficiency and value created by our Supplier Fulfilled Retailing (SFR) model,” said Larry Wu, Founder, Chairman, and Chief Executive Officer. “We are building GigaCloud to thrive for the long-term by empowering our partners to do business smarter in an increasingly complex global market. While we are actively managing near-term macro uncertainty, the positive long-term fundamentals reinforce our confidence in delivering lasting value.”

    “In September 2024, our Board of Directors approved a share repurchase program of $46 million, and subsequently increased the total authorized amount to $62 million in March 2025. As of today, we have repurchased approximately 3.7 million shares for $61.8 million—close to 150% of the gross proceeds raised in our IPO—at a weighted average price well above our IPO offering price. We remain positioned to deploy additional capital through future repurchase authorizations, balancing capital returns and growth investments to drive future shareholder value creation,” said Erica Wei, Chief Financial Officer.

    Business Outlook

    The Company expects its total revenues to be between $275 million and $305 million in the second quarter of 2025. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change and cannot be predicted with reasonable accuracy as of the date hereof.

    Share Repurchase Program

    In September 2024, the Company’s Board of Directors (the “Board”) approved a $46 million share repurchase program, which was increased by $16 million to $62 million on March 28, 2025. Following quarter-end, on May 8, 2025, the Board approved an additional $16 million, bringing the total authorization to $78 million. The program runs through August 28, 2025. As of May 12, 2025, the Company has repurchased approximately 3.7 million of its Class A ordinary shares for $61.8 million.

    Under the share repurchase program, the Company may purchase its ordinary shares through various means, including open market transactions, privately negotiated transactions, block trades, any combination thereof or other legally permissible means. The Company may effect repurchase transactions in compliance with Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The number of shares repurchased and the timing of repurchases will depend on a number of factors, including, but not limited to, price, trading volume and general market conditions, along with the Company’s working capital requirements, general business conditions and other factors.

    Conference Call

    The Company will host a conference call to discuss its financial results at 6:30 pm U.S. Eastern Time on May 12, 2025. Participants who wish to join the call should pre-register here at https://s1.c-conf.com/diamondpass/10046996-fh4na1.html. Upon registration, participants will receive the dial-in number and a unique PIN, which can be used to join the conference call. If participants register and forget their PIN or lose their registration confirmation email, they may re-register to receive a new PIN. All participants are encouraged to dial in 15 minutes prior to the start time.

    A live and archived webcast of the conference call will be accessible on the Company’s investor relations website at: https://investors.gigacloudtech.com/.

    About GigaCloud Technology Inc

    GigaCloud Technology Inc is a pioneer of global end-to-end B2B technology solutions for large parcel merchandise. The Company’s B2B ecommerce platform, which it refers to as the “GigaCloud Marketplace,” integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The Company’s global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia and Europe, to execute cross-border transactions with confidence, speed and efficiency. The Company offers a truly comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all at one fixed price. The Company first launched its marketplace in January 2019 by focusing on the global furniture market and has since expanded into additional categories such as home appliances and fitness equipment. For more information, please visit the Company’s website: https://investors.gigacloudtech.com/.

    Non-GAAP Financial Measures

    The Company uses certain non-GAAP financial measures, including Adjusted EBITDA and Adjusted EPS – diluted, to understand and evaluate its core operating performance. Adjusted EBITDA is net income excluding interest, income taxes and depreciation, further adjusted to exclude share-based compensation expense. Adjusted EPS – diluted is a financial measure defined as our Adjusted EBITDA divided by our diluted weighted-average shares outstanding, respectively. Management uses Adjusted EBITDA and Adjusted EPS – diluted as measures of operating performance, for planning purposes, to allocate resources to enhance the financial performance of our business, to evaluate the effectiveness of our business strategies and in communications with our Board of Directors and investors concerning our financial performance. Non-GAAP financial measures, which may differ from similarly titled measures used by other companies, are presented to enhance investors’ overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP.

    For more information on the non-GAAP financial measures, please see the tables captioned “Unaudited Reconciliation of Adjusted EBITDA” and “Unaudited Reconciliation of Adjusted EPS – diluted” set forth at the end of this press release.

    Forward-Looking Statements

    This press release contains “forward-looking statements”. Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    For investor and media inquiries, please contact:

    GigaCloud Technology Inc

    Investor Relations

    Email: ir@gigacloudtech.com

    PondelWilkinson, Inc.

    Laurie Berman (Investors) – lberman@pondel.com

    George Medici (Media) – gmedici@pondel.com

     
    GigaCloud Technology Inc
    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
    (In thousands except for share data and per share data)
     
        March 31,
    2025
      December 31,
    2024
    ASSETS        
    Current assets        
    Cash and cash equivalents   $ 251,711   $ 259,759
    Restricted cash     697     685
    Investments     35,101     42,674
    Accounts receivable, net     67,000     57,313
    Inventories     204,854     172,489
    Prepayments and other current assets     19,842     14,672
    Total current assets     579,205     547,592
    Non-current assets        
    Operating lease right-of-use assets     438,692     451,930
    Property and equipment, net     32,688     29,498
    Intangible assets, net     5,893     6,198
    Goodwill     12,586     12,586
    Deferred tax assets     11,366     10,026
    Other non-current assets     10,607     12,645
    Total non-current assets     511,832     522,883
    Total assets   $ 1,091,037   $ 1,070,475
     
    GigaCloud Technology Inc
    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (continued)
    (In thousands)
     
      March 31,
    2025
      December 31,
    2024
    LIABILITIES AND SHAREHOLDERS’ EQUITY      
    Current liabilities      
    Accounts payable $ 87,814     $ 78,163  
    Contract liabilities   5,665       4,486  
    Current operating lease liabilities   90,823       88,521  
    Income tax payable   20,001       13,615  
    Accrued expenses and other current liabilities   87,510       79,594  
    Total current liabilities   291,813       264,379  
    Non-current liabilities      
    Operating lease liabilities, non-current   380,842       395,235  
    Deferred tax liabilities   759       941  
    Finance lease obligations, non-current   241       382  
    Non-current income tax payable   4,485       4,321  
    Total non-current liabilities   386,327       400,879  
    Total liabilities $ 678,140     $ 665,258  
    Commitments and contingencies $     $  
    Shareholders’ equity        
    Treasury shares, at cost (2,008,984 and 609,390 shares held as of March 31, 2025 and December 31, 2024, respectively)   $ (34,550 )   $ (11,816 )
    Class A ordinary shares $0.05 par value, 50,673,268 shares authorized, 32,881,519 and 32,878,735 shares issued as of March 31, 2025 and December 31, 2024, respectively, 30,872,535 and 32,269,345 shares outstanding as of March 31, 2025 and December 31, 2024, respectively)     1,643       1,643  
    Class B ordinary shares ($0.05 par value, 9,326,732 shares authorized as of March 31, 2025 and December 31, 2024, 8,076,732 shares issued and outstanding as of March 31, 2025 and December 31, 2024)     403       403  
    Additional paid-in capital     121,490       120,262  
    Accumulated other comprehensive loss     (2,096 )     (4,136 )
    Retained earnings     326,007       298,861  
    Total shareholders’ equity     412,897       405,217  
    Total liabilities and shareholders’ equity   $ 1,091,037     $ 1,070,475  
     
    GigaCloud Technology Inc
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
    (In thousands except for share data and per share data)
     
      Three Months Ended
    March 31,
        2025       2024  
    Revenues      
    Service revenues $ 94,068     $ 76,623  
    Product revenues   177,838       174,454  
    Total revenues   271,906       251,077  
    Cost of revenues      
    Services   79,156       62,700  
    Products   129,024       121,829  
    Total cost of revenues   208,180       184,529  
    Gross profit   63,726       66,548  
    Operating expenses      
    Selling and marketing expenses   18,558       14,580  
    General and administrative expenses   14,340       15,389  
    Research and development expenses   2,493       1,756  
    Losses on disposal of property and equipment   12       6  
    Total operating expenses   35,403       31,731  
    Operating income   28,323       34,817  
    Interest expense   (23 )     (81 )
    Interest income   2,621       1,609  
    Foreign currency exchange gains (losses), net   792       (2,709 )
    Government grants   213       6  
    Others, net   579       (322 )
    Income before income taxes   32,505       33,320  
    Income tax expense   (5,359 )     (6,125 )
    Net income $ 27,146     $ 27,195  
    Net income attributable to ordinary shareholders   27,146       27,195  
    Foreign currency translation adjustment, net of income taxes of nil   411       (112 )
    Net unrealized loss on available-for-sale investments   (6 )      
    Intra-entity foreign currency transactions gain   1,636        
    Release of foreign currency translation reserve related to liquidation of subsidiaries   (1 )      
    Total other comprehensive income (loss)   2,040       (112 )
    Comprehensive Income $ 29,186     $ 27,083  
    Net income per ordinary share      
    —Basic $ 0.68     $ 0.67  
    —Diluted $ 0.68     $ 0.66  
    Weighted average number of ordinary shares outstanding used in computing net income per ordinary share      
    —Basic   40,020,265       40,788,658  
    —Diluted   40,138,522       40,950,170  
     
    GigaCloud Technology Inc
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In thousands)
     
      Three Months Ended March 31,
        2025       2024  
    Cash flows from operating activities:      
    Net income $ 27,146     $ 27,195  
    Adjustments to reconcile net income to net cash provided by operating activities:      
    Depreciation and amortization   2,049       2,081  
    Share-based compensation   1,227       275  
    Operating lease   1,125       8,806  
    Changes in accounts receivables, net   (9,011 )     (632 )
    Changes in inventories   (30,845 )     (56,047 )
    Changes in prepayments and other assets   (3,217 )     (2,364 )
    Changes in accounts payable, accrued expenses and other current liabilities   14,551       27,886  
    Changes in contract liabilities   1,096       2,045  
    Changes in income tax payable   6,418       6,552  
    Changes in deferred income taxes   (1,511 )     (2,034 )
    Other operating activities   405       1,546  
    Net cash provided by operating activities   9,433       15,309  
    Cash flows from investing activities:      
    Purchases of property and equipment   (2,395 )     (3,993 )
    Disposals of property and equipment   34       1,525  
    Purchases of investments   (25,000 )     (10,000 )
    Sales and maturities of investments   31,986        
    Net cash provided by (used in) investing activities   4,625       (12,468 )
    Cash flows from financing activities:      
    Repayment of finance lease obligations   (34 )     (595 )
    Repurchases of ordinary shares   (22,734 )      
    Net cash used in financing activities   (22,768 )     (595 )
    Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash   674       (306 )
    Net increase (decrease) in cash, cash equivalents and restricted cash   (8,036 )     1,940  
    Cash, cash equivalents and restricted cash at the beginning of the period   260,444       184,168  
    Cash, cash equivalents and restricted cash at the end of the period $ 252,408     $ 186,108  
    Supplemental disclosure of cash flow information      
    Cash paid for interest expense   23       81  
    Cash paid for income taxes   552       1,596  
     
    GigaCloud Technology Inc
    UNAUDITED RECONCILIATION OF ADJUSTED EBITDA
    (In thousands, except for per share data)
     
      Three Months Ended
    March 31,
        2025       2024  
      (In thousands)
    Net Income $ 27,146     $ 27,195  
    Add: Income tax expense   5,359       6,125  
    Add: Interest expense   23       81  
    Less: Interest income   (2,621 )     (1,609 )
    Add: Depreciation and amortization   2,049       2,081  
    Add: Share-based compensation expenses   1,227       275  
    Add: Non-recurring items(1)         349  
    Adjusted EBITDA $ 33,183     $ 34,497  

    ________________________
    (1) During the three months ended March 31, 2024, one of our fulfillment centers in Japan experienced a fire. As a result of the fire, we recognized losses of $1.8 million. Based on the provisions of our insurance policy, we have determined that partial recovery of the incurred losses is probable as of March 31, 2024 and therefore recorded an insurance recovery of $1.5 million. We do not believe such losses to be recurring or frequent in nature.

    UNAUDITED RECONCILIATION OF ADJUSTED EPS – DILUTED

      Three Months Ended
    March 31,
        2025       2024  
    Net income per ordinary share – diluted $ 0.68     $ 0.66  
    Adjustments, per ordinary share:      
    Add: Income tax expense   0.13       0.15  
    Add: Interest expense          
    Less: Interest income   (0.07 )     (0.04 )
    Add: Depreciation and amortization   0.05       0.05  
    Add: Share-based compensation expenses   0.04       0.01  
    Add: Non-recurring items(1)         0.01  
    Adjusted EPS – diluted $ 0.83     $ 0.84  
           
    Weighted average number of ordinary shares outstanding – diluted   40,138,522       40,950,170  

    ________________________
    (1) During the three months ended March 31, 2024, one of our fulfillment centers in Japan experienced a fire. As a result of the fire, we recognized losses of $1.8 million. Based on the provisions of our insurance policy, we have determined that partial recovery of the incurred losses is probable as of March 31, 2024 and therefore recorded an insurance recovery of $1.5 million. We do not believe such losses to be recurring or frequent in nature.

    ________________________
    1 Adjusted EBITDA is a non-GAAP financial measure. For more information on the non-GAAP financial measure, please see the section of “Non-GAAP Financial Measure” and the table captioned “Unaudited Reconciliation of Adjusted EBITDA” set forth at the end of this press release.

    2 Adjusted EPS – diluted is a non-GAAP financial measure. For more information on the non-GAAP financial measure, please see the section of “Non-GAAP Financial Measure” and the table captioned “Unaudited Reconciliation of Adjusted EPS – diluted” set forth at the end of this press release.

    3 GigaCloud Marketplace GMV means the total gross merchandise value of transactions ordered through our GigaCloud Marketplace including GigaCloud 3P and GigaCloud 1P, before any deductions of value added tax, goods and services tax, shipping charges paid by buyers to sellers and any refunds.

    4 3P seller GigaCloud Marketplace GMV means the total gross merchandise value of transactions sold through our GigaCloud Marketplace by 3P sellers, before any deductions of value added tax, goods and services tax, shipping charges paid by buyers to sellers and any refunds.

    5 Active 3P sellers means sellers who have sold a product in GigaCloud Marketplace within the last 12-month period, irrespective of cancellations or returns.

    6 Active buyers means buyers who have purchased a product in the GigaCloud Marketplace within the last 12-month period, irrespective of cancellations or returns.

    7 Spend per active buyer is calculated by dividing the total GigaCloud Marketplace GMV within the last 12-month period by the number of active buyers as of such date.

    The MIL Network

  • MIL-OSI: Exodus Reports First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    OMAHA, Neb., May 12, 2025 (GLOBE NEWSWIRE) — Exodus Movement, Inc. (NYSE American: EXOD) (“Exodus”), a leading self-custodial cryptocurrency platform, today announced its unaudited results for the first quarter ended March 31, 2025.

    First Quarter 2025 Financial Highlights (Unaudited)

           
    In USD millions, except percentages Q1 2025 Q1 2024  % Change
                       
    Revenue $ 36.0   $ 29.1     24 %
                       
    Technology, development and user support   14.9     10.7     39 %
                       
    General and administrative   14.3     8.0     79 %
                       
    Loss (gain) on digital assets, net   28.8     (56.8 )   (151 %)
                       
    Net (loss) income   (12.9 )   54.8     (124 %)
                       

    “Exodus continues to offer innovative solutions that capitalize on the growing market for digital assets,” said JP Richardson, CEO and co-founder of Exodus. “Meanwhile, our focus on self-custody remains a difference-maker.”

    First Quarter Operational and Other Financial Highlights

    • Exchange provider processed volume – $2.18 billion in Q1 2025, down 7% from Q4 2024. Bitcoin, Tether (TRX Network), Solana, Tether (ETH Network), ETH, and XRP were the top assets traded in Q1 2025, at 16%, 11%, 11%, 9%, 8%, and 8% of volume, respectively.
    • Exodus monthly active users – 1.6 million at end of Q1 2025, down 30% from 2.3 million as of December 31, 2024.
    • Exodus quarterly funded users – 1.8 million at end of Q1 2025, down 5% from 1.9 million as of December 31, 2024.
    • Digital assets, cash, and cash equivalents – $238.0 million, including 2,011 units of Bitcoin valued at $166.0 million, 2,693 units of Ether valued at $4.9 million, and $62.8 million in cash and cash equivalents, USD Coin (USDC), and Treasury bills as of March 31, 2025.
    • Full-time equivalent team members – approximately 210 as of March 31 2025, unchanged from the prior quarter.
    • Customer response time – average response time of less than 60 minutes in Q1.

    “Q1 saw our highest first quarter revenue and second best revenue quarter on record.” said James Gernetzke, CFO of Exodus. “With an abundance of opportunities at our doorstep, Exodus is well-positioned to expand within our industry and beyond, well into the future.”

    Q1 2025 Webcast 

    Exodus will host a webcast of its preliminary first quarter 2025 fiscal results beginning at 4:30PM (Eastern Time) on May 12, 2025. To access the webcast, please use this link. It will also be carried on the Company’s website exodus.com/investors. Supplementary materials will also be made available prior to the webcast on the “Investor Relations” portion of the Company website, and a replay of the video webcast will be available following the live event for at least 90 days thereafter.

    Investor Contact
    investors@exodus.com

    Disclosure Information

    Exodus may use its website and the following social media outlets as distribution channels of material nonpublic information about the Company. Financial and other important information regarding the Company is routinely accessible through and posted on the following: websites exodus.com/investors and exodus.com/blog, and social media: X (@exodus and JP Richardson’s feed @jprichardson), Facebook, LinkedIn, and YouTube.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements are based on our beliefs and assumptions and on information currently available to us as of the date hereof. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “should,” “intend,” “believe,” “expect,” “likely,” “believes,” “views”, “estimates”, or other comparable terminology. Forward-looking statements in this document include, but are not limited to, our preliminary financial information, including digital asset holdings, exchange provider processed volumes and our fiscal quarter end results, management statements regarding management’s confidence in our products, services, business trajectory and plans, expectations regarding demand for our products; and our ability to deliver higher transaction volumes. Such forward-looking statements involve a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those expressed or implied by our forward-looking statements. Such factors include those set forth in “Item 1. Business” and “Item 1A. Risk Factors” of Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 6, 2025, as well as in our other reports filed with the SEC from time to time. All forward-looking statements are expressly qualified in their entirety by such cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by law, we undertake no obligation to update or revise any forward-looking statements that have been made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

    The MIL Network

  • MIL-OSI Europe: Text adopted – 2023 and 2024 reports on Kosovo – P10_TA(2025)0094 – Wednesday, 7 May 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to the Stabilisation and Association Agreement between the European Union and the European Atomic Energy Community, of the one part, and Kosovo, of the other part(1), which entered into force on 1 April 2016,

    –  having regard to Kosovo’s application for membership of the European Union of 15 December 2022,

    –  having regard to Kosovo’s application for membership of the Council of Europe of 12 May 2022,

    –  having regard to the framework agreement between the European Union and Kosovo on the general principles for the participation of Kosovo in Union programmes(2), in force since 1 August 2017,

    –  having regard to Regulation (EU) 2021/1529 of the European Parliament and of the Council of 15 September 2021 establishing the Instrument for Pre-Accession assistance (IPA III)(3),

    –  having regard to Regulation (EU) 2024/1449 of the European Parliament and of the Council of 14 May 2024 on establishing the Reform and Growth Facility for the Western Balkans(4),

    –  having regard to the Presidency conclusions of the Thessaloniki European Council meeting of 19 and 20 June 2003,

    –  having regard to the declarations of the EU-Western Balkans Summits of 17 May 2018 in Sofia, of 6 May 2020 in Zagreb, of 6 October 2021 in Brdo pri Kranju, of 6 December 2022 in Tirana, of 13 December 2023 in Brussels, and of 18 December 2024 in Brussels,

    –  having regard to the Berlin Process launched on 28 August 2014,

    –  having regard to the Commission communication of 5 February 2020 entitled ‘Enhancing the accession process – A credible EU perspective for the Western Balkans’ (COM(2020)0057),

    –  having regard to the Commission communication of 6 October2020 entitled ‘An Economic and Investment Plan for the Western Balkans’ (COM(2020)0641),

    –  having regard to the Commission communication of 8 November 2023 entitled ‘2023 Communication on EU Enlargement Policy’ (COM(2023)0690), accompanied by the Commission staff working document entitled ‘Kosovo 2023 Report’ (SWD(2023)0692),

    –  having regard to the Commission communication of 8 November 2023 entitled ‘New growth plan for the Western Balkans’ (COM(2023)0691),

    –  having regard to the Commission communication of 20 March 2024 on pre-enlargement reforms and policy reviews (COM(2024)0146),

    –  having regard to the Commission communication of 30 October 2024 entitled ‘2024 Communication on EU enlargement policy’ (COM(2024)0690), accompanied by the Commission staff working document entitled ‘Kosovo 2024 Report’ (SWD(2024)0692),

    –  having regard to the general summary and the country assessments by the Commission, dated 31 May 2023 and 13 June 2024, on Kosovo’s economic reform programme,

    –  having regard to the joint conclusions of the Economic and Financial Dialogue between the EU and the Western Balkans and Türkiye, adopted by the Council on 16 May 2023 and to the joint conclusions of the Economic and Financial Dialogue between the EU and the Western Balkans Partners, Türkiye, Georgia, Republic of Moldova and Ukraine, adopted by the Council on 14 May 2024,

    –  having regard to UN Security Council Resolution 1244 of 10 June 1999, to the International Court of Justice (ICJ) advisory opinion of 22 July 2010 on the accordance with international law of the unilateral declaration of independence in respect of Kosovo, and to UN General Assembly Resolution 64/298 of 9 September 2010, which acknowledged the content of the ICJ opinion and welcomed the EU’s readiness to facilitate dialogue between Serbia and Kosovo,

    –  having regard to the first agreement on principles governing the normalisation of relations between Serbia and Kosovo of 19 April 2013, to the agreements of 25 August 2015, and to the ongoing EU-facilitated dialogue for the normalisation of relations,

    –  having regard to the Brussels Agreement of 27 February 2023 and the Ohrid Agreement of 18 March 2023 and to the implementation annex thereto,

    –  having regard to Council Decision (CFSP) 2023/1095 of 5 June 2023 amending Joint Action 2008/124/CFSP on the European Union Rule of Law Mission in Kosovo (EULEX Kosovo)(5), which extended the mission’s mandate until 14 June 2025,

    –  having regard to Regulation (EU) 2023/850 of the European Parliament and of the Council of 19 April 2023 amending Regulation (EU) 2018/1806 listing the third countries whose nationals must be in possession of visas when crossing the external borders and those whose nationals are exempt from that requirement (Kosovo)(6),

    –  having regard to the final report of the European Union Election Observation Mission on the 2021 municipal elections in Kosovo,

    –  having regard to the preliminary report of the European Union Election Observation Mission on the 2025 parliamentary elections in Kosovo,

    –  having regard to the fourth meeting of the Stabilisation and Association Council between the European Union and Kosovo held in Brussels on 7 December 2021,

    –  having regard to its previous resolutions on Kosovo,

    –  having regard to the joint recommendations adopted at the 12th meeting of the EU-Kosovo Stabilisation and Association Parliamentary Committee, held on 9 December 2024,

    –  having regard to the 2024 Corruption Perceptions Index by Transparency International,

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

    –  having regard to the Democracy Report 2024 of March 2024 by the Varieties of Democracy (V-Dem) Institute,

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

    –  having regard to the report of the Committee on Foreign Affairs (A10-0075/2025),

    A.  whereas enlargement policy is one of the most effective EU foreign policy instruments and one of the most successful policies to incentivise and encourage fundamental reforms, and is a strategic geopolitical investment in long-term peace, stability and security throughout the continent;

    B.  whereas democracy, human rights and the rule of law are the fundamental values on which the EU is founded;

    C.  whereas the EU enlargement process is a strategic tool for strengthening stability, democracy and economic development in Europe, and each enlargement country is judged on its own merits and whereas it is the implementation of the necessary reforms and compliance with the set of criteria and common European values that determines the timetable and progress of accession; whereas Kosovo’s path towards EU membership also depends on the normalisation of relations with Serbia;

    D.  whereas the EU is the largest provider of financial support to Kosovo;

    E.  whereas Kosovo has been subjected to foreign interference and disinformation campaigns, particularly from Russia, especially through Serbian nationalist outlets, and China, through soft power, aiming to destabilise its democratic institutions, jeopardise societal cohesion, and incite ethnic violence; whereas the Banjska/Banjskë attack in September 2023 was followed by a massive spread of disinformation that further exacerbated tensions; whereas Kosovo authorities adopted the Law on the Independent Media Commission (IMC) in July 2024; whereas, in May 2024, the Council of Europe published a legal opinion on the draft law on the IMC expressing concerns related to certain aspects of the at-that-time draft law, and providing recommendations on how to address these concerns; whereas the final text of the Law on the IMC did not reflect most of the recommendations made;

    F.  whereas the European Union Rule of Law Mission in Kosovo, also known as EULEX, is the largest civilian mission ever launched under the common security and defence policy of the European Union;

    G.  whereas in 2018 and 2023, petitions were signed by over 500 people who historically self-identify as Bulgarian;

    Commitment to EU accession

    1.  Commends Kosovo’s commitment to EU accession, which reflects a clear strategic geopolitical choice, and the continued strong support of its citizens for Kosovo’s European path; reiterates that Kosovo has been consistent in its efforts to integrate into the European Union;

    2.  Reiterates its firm belief that Kosovo’s future lies in the EU and that all efforts to bring Kosovo out of the ‘grey zone’ are in the interest of the people of both Kosovo and the EU, especially in the context of the current geopolitical dynamics in the region, rapid major shifts in world politics and growing competition with authoritarian regimes;

    3.  Supports Kosovo’s application for EU membership, which reflects the overwhelming cross-party consensus on EU integration and a clear geopolitical strategic choice; reiterates its call on the Member States in the Council to mandate the Commission to present its questionnaire and to submit its opinion on the merits of the country’s application; calls on the five non-recognising Member States that have not yet recognised Kosovo’s independence to do so without delay and thus allow Kosovo to progress on its EU path on an equal footing with the other candidate countries; recalls the advisory opinion of the ICJ dated 22 July 2010, which states that Kosovo’s unilateral declaration of independence does not violate general international law;

    4.  Recalls that membership of the European Union is based on a merit-based process, conditional on the rigorous implementation of reforms aligned with the highest European standards, in particular compliance with the Copenhagen criteria and the rule of law, and ensures the effective application of laws in practice; encourages Kosovo to continue its efforts in this regard, by further strengthening its commitment to the values and standards of the Union; stresses that enlargement also implies thorough preparation of potential new members, while respecting the economic stability of the internal market, social and environmental standards and the proper functioning of the European institutions;

    5.  Welcomes the visa liberalisation, adopted in April 2023 and in place since 1 January 2024, as a tangible result of Kosovo’s ever-closer relations with the EU and as evidence of Kosovo’s efforts on the path of European integration; welcomes Kosovo’s decision to unilaterally abolish visa requirements for citizens of Bosnia and Herzegovina; welcomes the decision of Spain to recognise ordinary passports issued by Kosovo as valid travel documents as of January 2024;

    6.  Notes the tangible progress in the areas of justice, freedom and security, the fight against organised crime and a functioning market economy; regrets the limited progress and calls for an acceleration of reforms in the area of rule of law; welcomes Kosovo’s ambition to advance the implementation of reforms, which remains the country’s priority; regrets the lack of a decision-making quorum in the Kosovo National Assembly, caused by the boycott of the Assembly work by political parties ahead of parliamentary elections;

    7.  Regrets the politicisation of institutions such as the Central Election Commission and the IMC;

    8.  Commends Kosovo’s ongoing alignment with the EU’s foreign and security policy, in particular its firm condemnation of Russia’s war of aggression against Ukraine, and its implementation of the EU’s restrictive measures against Russia and Belarus, aligning with the Union’s foreign policy, and its support through humanitarian aid and military assistance packages to Ukraine, which confirm that Kosovo is a reliable and valuable partner committed to EU integration and confirms its clear geopolitical orientation, firmly anchored in the European and transatlantic alliance;

    9.  Calls for the immediate lifting of the EU measures against Kosovo, which are no longer justified as Kosovo has fulfilled the EU requirements and as the measures also stand in gross contradiction to Kosovo’s demonstrated commitment to European values and alignment with EU policies, limiting the impact of the EU’s partnership with Kosovo and hindering the resumption of the Belgrade-Pristina dialogue in good faith;

    10.  Reiterates its full support for Kosovo’s application for membership of the Council of Europe and for the country’s strategic orientation plan to join the NATO Partnership for Peace programme and its bids to join other international organisations; calls on the relevant organisations and the Member States to proactively support Kosovo’s respective bids; calls on the Commission and the EU Office in Kosovo to step up their efforts in enhancing visibility and promoting the role, efforts and benefits of the closer partnership between the EU and Kosovo;

    11.   Welcomes the fact that Kosovo reduced administrative burden by simplifying procedures through the implementation of the related program for 2022-2027; notes that the strategic framework for public administration is in place, but not efficiently implemented; regrets the fact that delays in public administration reform have left EU funding management weak and that accountability in the public sector is insufficient; calls on Kosovo to improve public administration and the merit-based civil service system by amending and adopting the Law on public officials and the Law on the independent oversight board of civil service;

    12.  Regrets that the Kosovo Constitutional Court ruling on the Law on salaries, which unifies the current system of remuneration for public officials, is not yet functional; calls on the Kosovo Government to revise its legislation on public financial management to meet international standards and to incorporate the public investment methodology into the revised legislation;

    Democracy and the rule of law

    13.  Welcomes the important and positive progress on addressing many of the EU Election Observation Mission’s (EU EOM) long-standing recommendations and on presenting a consensual law on general elections; notes that this provides an adequate basis for the conduct of democratic elections, in line with international and regional standards; notes that in response to an invitation by the president of Kosovo, the European Union deployed an EU EOM, including an observer delegation of Members of the European Parliament, to observe the parliamentary elections in Kosovo on 9 February 2025; welcomes the conclusions of the EU EOM confirming the conduct of peaceful, free and fair elections on 9 February 2025 with the participation of all communities in Kosovo; regrets the harsh rhetoric of the political parties during the campaign; takes note of the technical problems encountered during the counting process and encourages the Kosovo authorities to increase their efforts to improve the organisation of the next elections; notes the lack of genuine political pluralism within the Kosovo Serb community at the parliamentary elections, despite multiple Kosovo Serb electoral lists; is concerned by reports of continuous pressure on voters from the Serbian community exercised by Belgrade; condemns the repeated interference in the electoral campaign by US Special Envoy Richard Grenell;

    14.  Notes with concern the political deadlock caused by the fragmented political landscape and failure so far to elect a speaker of the Parliament, hindering the formation of a government following the legislative elections of 9 February 2025 and delaying the parliamentary reading of several budgetary texts; encourages the political parties to work together to overcome this stalemate as soon as possible;

    15.  Notes with concern that the Law on Local Elections and the Law on General Elections are still not implemented and harmonised with the Law on Gender Equality, which mandates 50 % equal representation of women and men; regrets that women continue to be underrepresented;

    16.  Welcomes the adoption of the law on the Special Prosecution Office and the progress in adjudicating corruption cases; commends the active work of the Special Prosecution Office for solving seven war crime cases; calls for further clarification of the division of jurisdiction between the Special Prosecution Office and the Basic Prosecution in handling investigations and prosecutions; calls on Kosovo to continue strengthening the Special Prosecution Office by enhancing its capacity to investigate and prosecute high-profile organised crime cases; calls on the police and Special Prosecution Office to work closely together to develop strategies for conducting investigations more effectively, with a clear division of responsibility;

    17.  Takes note of the progress in Kosovo’s ranking in the Corruption Perceptions Index, as it has moved upward 10 places since last year, considering it to be a positive development while acknowledging that this is attributable both to decreases in other countries’ scores and, more significantly, to the adoption of qualitative legislation, but that it still remains largely unsatisfactory; emphasises that gaining people’s trust requires not only legislative reforms but also visible results in investigating, prosecuting and convicting cases of corruption at all levels; regrets that Kosovo has lacked an anti-corruption strategy since 2019 and urges for more efforts to finalise it as a matter of priority; reiterates that strong political commitment is necessary to establish a solid track record in fighting high-level corruption; reiterates that strong political commitment is necessary to establish a solid track record in fighting high-level corruption;

    18.  Expresses serious concern about systemic vulnerabilities in Kosovo’s judiciary, particularly regarding the independence of the justice system and respect for separation of powers; reiterates its concern about delays to trials and continued criticism by government officials of judicial decisions in individual cases; welcomes the fact that in December 2024, the government submitted its draft legislation on judicial reforms to the Venice Commission and that the first opinion was issued by the latter on 18 March 2025; calls on Kosovo to ensure that legislation governing the integrity and accountability of the judiciary is consistent with European standards and Venice Commission recommendations; calls on the Government of Kosovo to allocate adequate budget for the judicial system; welcomes the establishment of the Commercial Court, progress in the recruitment of new judges and prosecutors in a merit-based and transparent process, and an overall increase of transparency;

    19.  Welcomes the participation of Kosovo Serbs in the parliamentary elections and encourages their elected representatives to play an active role within the Kosovo legislative framework, in support of Kosovo’s European future; regrets, however, the boycott of parties representing Kosovo Serbs during the local elections in April 2023 and the withdrawal of Kosovo Serbs from Kosovo institutions; expresses concern over Serbia’s interference in the parliamentary elections through Srpska Lista (SL);

    20.  Welcomes the implementation of the 2016 judgement of the Constitutional Court on the Visoki Dečani/Deçani Monastery land ownership by registering the monastery as the owner, in March 2024;

    21.  Welcomes the steady increase in organised crime sentences and the fact that the legal framework on the fight against organised crime is aligned with the EU acquis; emphasises the need for prosecution services and police to strengthen their joint action against criminal groups and networks; expresses concern about the security challenges in the north of Kosovo, particularly following the Banjska/Banjskë attack in September 2023, which demanded significant police resources; emphasises the need to deepen cooperation in the field of combating drug trafficking; calls for further alignment regarding the fight against terrorism;

    22.  Welcomes the adoption of the strategy and action plan on control of small arms light weapons and explosives, as well as the high level of compliance with the rules of the UN Firearms Protocol;

    23.  Remains concerned over the slow implementation of the rule of law strategy and action plan;

    24.  Reaffirms its commitment to maintaining and strengthening its cooperation with the Kosovo Assembly and its members in support of democratic processes related to Kosovo’s European path by using Parliament’s existing democracy support tools and initiatives; believes that this partnership can be revitalised and further reinforced following the democratic elections held on 9 February 2025; encourages the active involvement and collaboration of all elected members of the newly formed Kosovo Assembly;

    25.  Condemns the serious security incidents in the north of Kosovo in late November 2024, the gravest act occurring near the village of Vragë in Zubin Potok, where explosive devices damaged critical infrastructure by targeting the main channel of the Ibër Lepenc system; expresses its support for Kosovo’s institutions in conducting a full investigation of these criminal actions so that the perpetrators will be brought to justice;

    26.  Commends the work of EULEX, which has been assisting Kosovo authorities in establishing sustainable and independent rule of law institutions;

    Fundamental freedoms and human rights

    27.  Notes that Kosovo has the necessary institutional set-up for the promotion and protection of human rights; welcomes the adoption of the strategy for the protection and promotion of the rights of communities; emphasises, however, that human rights protection remains weak owing to the lack of legislative implementation, political will and limited human and financial resources and calls for strengthened enforcement and accountability mechanisms;

    28.  Acknowledges that Kosovo’s constitution is very progressive in terms of protection of minority rights; notes with regret that the petition signed by nearly 500 people who have historically self-identified as Bulgarian, which was registered at the Assembly of Kosovo in January 2023, has still not been considered and recommends that those rights be enshrined in law and ensured in practice; calls on Kosovo to ensure that all minorities recognised under the Law on protection of minority rights and members of their communities, are fully incorporated into the country’s constitution; calls on the Kosovo authorities to step up efforts to protect the rights of all minorities, including national communities, in particular vulnerable national communities, and to provide them equal opportunities and adequate representation in political and cultural life, public media, the administration and the judiciary, as well as prevent their assimilation and promote their integration into Kosovo’s society and strengthen activities to eliminate social and economic challenges of these national minorities;

    29.  Welcomes the increase in funding to shelters for victims of domestic violence and trafficking; notes that domestic violence remains the most common form of gender-based violence; expresses concerns that the system continues to fail in ensuring the effective prevention of domestic violence;

    30.  Regrets that the adoption of the draft Civil Code of Kosovo remains pending; highlights that the draft Civil Code addresses several important issues related to gender equality as a fundamental EU value, including enabling an equal share of joint marital property among women and men spouses; stresses the importance of ensuring rights for all people in Kosovo in the Civil Code to safeguard respect for constitutional rights and opportunities for the LGBTIQ community; expresses concern that women remain under-represented in senior political positions, specifically related to security and the dialogue, and emphasises the urgent need for their involvement in peacemaking and reconciliation processes, in line with United Nations Security Council Resolution 1325 on Women, Peace and Security; calls for more efforts to be made to improve the place of women in society;

    31.  Notes that the prison system broadly follows UN Standard Minimum Rules and calls for the better protection of the rights of prisoners, particularly female, minority and mentally ill prisoners; remains concerned that discriminatory language against women and LGBTIQ people persists, and calls on the authorities to create and implement a national gender strategy for research fields, such as science, technology, engineering, and mathematics; commends the participation of women in high-quality business and management training programmes, as well as in ICT related domains, facilitated by the instrument for pre-accession assistance funds; regrets that women from minority groups, particularly the Roma, Ashkali and Egyptian communities, face numerous forms of discrimination, particularly in education, employment and access to healthcare; expresses concerns that the central administration does not adequately represent minority communities, and the number of women in senior positions is low;

    32.  Regrets that the UN Convention on the Rights of Persons with Disabilities has not yet been adopted; expresses concerns that there is insufficient alignment between Kosovo’s legislation and the EU acquis on the rights of people with disabilities, who face discrimination and barriers to accessing social services;

    33.  Welcomes Kosovo’s consistent improvement in its position in the 2024 Liberal Democracy Index and Electoral Democracy Index, as prepared by the Varieties of Democracy Institute, which measures the rule of law, checks and balances, civil liberties, and free and fair elections;

    34.  Takes note of Kosovo’s pluralistic media environment while awaiting the decision of the Constitutional Court on the main media law and underlines the role of the IMC, whose independence in decision-making needs to be strictly ensured and full functioning restored; regrets, however, the decline in Kosovo’s media freedom, as evidenced by its drop from the 56th to the 75th place in the 2024 World Press Freedom Index; reaffirms that media pluralism and transparency are prerequisites for EU accession; calls for greater transparency on media ownership and financing with a view to enhancing media independence and pluralism; emphasises the need for robust measures to protect journalists from harassment and intimidation, and to ensure the independence of media regulatory bodies; notes the concerns raised by civil society about the allegedly politically motivated election of the Chair of the IMC; urges the Kosovo authorities to further revise the Law on the IMC in order to include the recommendations made by the Council of Europe, thus aligning the national law with EU standards and practices; recommends increased support for independent media outlets and fact-checking organisations in Kosovo, recognising their crucial role in countering disinformation and providing accurate information to the public; encourages the EU to provide technical and financial assistance to these entities; encourages the Kosovo authorities to request tailor-made Technical Assistance and Information Exchange expert missions bodies; calls for the adoption of the law on Radio Television of Kosovo and the law on the protection of journalists’ sources;

    35.  Expresses concern over the recent cyberattack targeting Kosovo’s digital infrastructure; urges the Kosovo Government to reinforce its capacities to combat foreign interference and disinformation, particularly those originating from Serbian nationalist outlets and Russia, aimed at destabilising the region and undermining the European integration of the Western Balkans, by developing comprehensive strategies that include public awareness campaigns also combating disinformation undermining women’s participation in public life, strengthening cybersecurity and related infrastructure, fostering collaboration with international partners, most notably the European Union, to protect its digital economy, public services and national security, and addressing disinformation campaigns and hybrid threats that aim to destabilise the country and undermine its European perspective; encourages the integration of media literacy programs into Kosovo’s educational curriculum to equip citizens with the skills necessary to identify and counteract disinformation;

    36.  Commends the fact that Kosovo provided shelter and asylum to journalists from Ukraine and Afghanistan;

    37.  Expresses serious concern about the significant increase in attacks against journalists and strategic lawsuits against public participation (SLAPP cases), including by government officials; calls on the authorities to advance their work on anti-SLAPP legislation in line with the new EU Directive 2024/1069(7); calls on Kosovo to work actively to secure the ability of journalists to carry out their work and to ensure full freedom for the media to operate independently; underlines the need to stop all forms of violence;

    38.  Welcomes Kosovo’s vibrant and constructive civil society, which plays a very crucial and positive role in the reform process; encourages the Kosovo Government to enhance its cooperation with civil society, in particular with women’s rights organisations, on decision-making and to make more use of the Government Council for Cooperation with Civil Society for building collaborative relationships and genuinely implicating civil society in a transparent legislative process from an early stage onwards; stresses the importance of increasing accountability and transparency in relation to public funding for civil society organisations; underlines that civil society is vital in fostering democracy and pluralism and promoting good governance and social progress;

    39.  Regrets the lack of a clear plan for engaging Kosovo Serbs in the north and that initiatives to involve the Serb community in Kosovo’s political, social and economic structures remain very limited; reiterates its call to improve the internal dialogue and genuinely and directly engage with the independent civil society organisations of Kosovo Serbs, in particular in the north, with the aim of building trust, facilitating the daily life of Kosovo Serbs and successfully integrating them;

    Reconciliation and good neighbourly relations

    40.  Commends Kosovo’s engagement in a number of regional cooperation initiatives and encourages it to enhance its reconciliation efforts and seek solutions to past disputes; commends Kosovo on its constructive approach and active engagement in regional cooperation and trade facilitation that led to the unblocking of the Central European Free Trade Agreement;

    41.  Calls on Serbia to open all wartime archives and grant access to the former Yugoslav Secret Service (UDBA) and Yugoslav People’s Army Secret Service (KOS) files, ensuring their return to respective governments upon request; emphasises the need to open these archives region-wide to investigate communist-era crimes and strengthen democracy, accountability and institutions in the Western Balkans;

    42.  Reiterates its full support for the EU-facilitated dialogue and welcomes the appointment of Peter Sørensen as the EU Special Representative for the Belgrade-Pristina Dialogue;

    43.  Reiterates the importance of constructive engagement on the part of the authorities of both Kosovo and Serbia in order to achieve a comprehensive legally binding normalisation agreement, based on mutual recognition and in accordance with international law; calls on both Kosovo and Serbia to implement the Brussels and Ohrid Agreements, including the establishment of the Association/Community of Serb-Majority Municipalities, and the lifting of Serbia’s opposition of Kosovo’s membership in regional and international organisations, and to avoid unilateral actions that could undermine the dialogue process;

    44.  Expects Kosovo and Serbia to fully cooperate and take all the necessary measures to apprehend and swiftly bring to justice the perpetrators of the 2023 terrorist attack in Banjska; deplores the fact that Serbia still has not prosecuted the culprits, most notably Milan Radoičić, the Vice-President of Srpska Lista; reiterates that the perpetrators of the terrorist attack in Zubin Potok must also be held accountable and must face justice without delay;

    45.  Calls on the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy and on the Commission to take a more proactive role in leading the dialogue process; calls for an enhanced role for the European Parliament in facilitating the dialogue through regular joint parliamentary assembly meetings;

    46.  Condemns all actions that endanger stability and jeopardise the reconciliation process, including the tensions in the north of Kosovo and provocations by Serbian state-sponsored groups and illegal armed formations, and urges the European Union to take a stronger stance against external interference in Kosovo’s internal affairs; emphasises that both sides must fully implement all agreements reached and avoid unilateral actions that could escalate tensions; calls on the Kosovo police to ensure that they fully abide by all rule of law and human rights requirements, and to guarantee that a multi-ethnic and inclusive police force, fully in line with legal requirements, is deployed in the north of Kosovo; recalls the shared responsibility of all political representatives and all communities in Kosovo for upholding peace, security and the rule of law;

    47.  Welcomes the establishment of the Joint Commission on Missing Persons in December 2024 and calls for swift progress in implementing the May 2023 Political Declaration on Missing Persons; calls on both Kosovo and Serbia to refrain from politicising this humanitarian issue and to step up their efforts in implementing the declaration as part of the Belgrade-Pristina Dialogue and to establish cooperation between Kosovo and Serbia;

    48.  Welcomes the recent agreements in the framework of the Berlin Process;

    49.  Welcomes Kosovo’s decision to remove restrictions on the entry of Serbian finished products at the Merdare border crossing;

    50.  Welcomes the presence of the Kosovo Force and its role in building and maintaining a safe and secure environment and in developing a stable and peaceful Kosovo on the path towards Euro-Atlantic integration; recalls the importance of the mission for the ongoing development of the Kosovo Security Force through the provision of advice, training and capacity building;

    Socio-economic reforms

    51.  Welcomes Kosovo’s active engagement in the implementation of the new growth plan for the Western Balkans, which aims to deepen EU-related reforms and reduce the socio-economic gap between EU Member States and the Western Balkan countries; welcomes the adoption of Kosovo’s Reform Agenda and recalls that Kosovo (as well as Serbia) needs to show improved commitment to the EU-facilitated Dialogue in order to access the resources;

    52.  Welcomes the progress achieved by Kosovo in developing a functioning market economy and encourages Kosovo to implement the necessary structural reforms to address fiscal challenges, while ensuring adequate labour protection, fair wages, and improved working conditions in line with EU legislation;

    53.  Reiterates its calls on the Commission to develop a regional strategy to address the persistent youth unemployment and brain drain by tackling the skills mismatch between the education system and the labour market, improving the quality of teaching, and ensuring adequate funding for active labour market measures and vocational training schemes, along with adequate childcare and pre-school education facilities;

    54.  Welcomes the fact that Kosovo’s cybercrime legislation is broadly aligned with the EU acquis; notes Kosovo’s limited progress in the digital transformation of public services; emphasises the need for it to align with EU digital legislation as well as with the needs of its people, specifically with the European Electronic Communications Code, the EU Network and Information Security Directive (NIS2)(8), the EU toolbox for 5G security, and the Digital Services Act(9) and the Digital Markets Act(10); notes that Kosovo’s economy remains highly dependent on imports and stresses the need for economic diversification to enhance competitiveness and sustainability, particularly in the context of deeper integration into EU markets;

    55.  Regrets that the draft law on textbooks, presented in 2022, is still pending final adoption in the Kosovo Assembly; calls on Kosovo to finalise the implementation of the new curricular framework for basic education, complete the revision of current textbooks, provide sustainable training to teachers, and systematically apply quality assurance mechanisms at all education levels;

    56.  Urges Kosovo to ensure better access to quality healthcare services; notes that healthcare expenditure remains the second lowest in the region, and calls for a comprehensive healthcare reform to address the needs of all citizens, especially in rural and underserved areas;

    57.  Notes with concern that access to social services, particularly for vulnerable groups, worsened with the government’s closure of the Ministry of Labour and Social Welfare, which was done without transparent consultation with civil society and other stakeholders and contributed to significant confusion; calls for better, evidence-based budgeting to improve social services, particularly for survivors of gender-based violence in accordance with the new legal framework;

    58.  Calls on Kosovo to provide equal and non-discriminatory state education in minority languages;

    59.  Reiterates the need to reach out to young people from the Serb majority municipalities and to integrate them in the socio-economic structures of the country;

    Energy, environment, sustainable development and connectivity

    60.  Notes that Kosovo has made some progress on the security of energy supply but remains heavily reliant on outdated, highly polluting power plants, posing serious health and environmental risks; notes that Kosovo needs to ensure the time-efficient implementation of its energy programme for 2022-2025 to meet its ambitious targets and reduce its dependence on fossil fuels; calls for the EU to step up and prioritise its efforts to help Kosovo overcome its air pollution problems; notes that Kosovo’s new energy strategy does not promote the construction of hydropower plants due to their harmful environmental impact, in particular because of the water scarcity in the country;

    61.  Highlights the need for comprehensive infrastructure development in Kosovo to facilitate the reduction of emissions from public transport and the expansion of electrified transport; stresses that improving accessibility and ensuring compatibility with the EU transport network must remain a priority;

    62.  Welcomes the agreement at the Tirana Summit on reduced roaming costs; calls, in this respect, on the authorities, private actors and all stakeholders to facilitate reaching the agreed targets to achieve a substantial reduction of data roaming charges and further reductions leading to prices close to domestic prices between the Western Balkans and the EU by 2027; welcomes the entrance into force of the first phase of implementation of the roadmap for roaming between the Western Balkans and the EU;

    63.  Urges Kosovo to enhance compliance with emission ceilings, improve the integration of environmental considerations into sectoral policies and adopt necessary measures for pollution, soil and water contamination control and waste management, in line with EU and international standards and commitments; urges Kosovo to improve comprehensive environmental impact assessments and to integrate sustainability measures into infrastructure planning; calls on Kosovo to increase the protected areas in the country and to improve instruments and measures for their protection with a view to safeguarding biodiversity, including key habitats of the critically endangered Balkan lynx; encourages Kosovo to intensify and speed up collaborative efforts with its neighbouring countries to designate transboundary protected areas and establish coherent transboundary management plans;

    o
    o   o

    64.  Instructs its President to forward this resolution to the President of the European Council, the Commission, the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, the governments and parliaments of the Member States and the President, Government and National Assembly of Kosovo.

    (1) OJ L 71, 16.3.2016, p. 3, ELI: http://data.europa.eu/eli/agree_internation/2016/342/oj.
    (2) OJ L 195, 27.7.2017, p. 3, ELI: http://data.europa.eu/eli/agree_internation/2017/1388/oj.
    (3) OJ L 330, 20.9.2021, p. 1, ELI: http://data.europa.eu/eli/reg/2021/1529/oj.
    (4) OJ L, 2024/1449, 24.5.2024, ELI: http://data.europa.eu/eli/reg/2024/1449/oj.
    (5) OJ L 146, 6.6.2023, p.22, ELI: http://data.europa.eu/eli/dec/2023/1095/oj.
    (6) OJ L 110, 25.4.2023, p. 1, ELI: http://data.europa.eu/eli/reg/2023/850/oj.
    (7) Directive (EU) 2024/1069 of the European Parliament and of the Council of 11 April 2024 on protecting persons who engage in public participation from manifestly unfounded claims or abusive court proceedings (‘Strategic lawsuits against public participation’) (OJ L, 2024/1069, 16.4.2024, ELI: http://data.europa.eu/eli/dir/2024/1069/oj).
    (8) Directive (EU) 2022/2555 of the European Parliament and of the Council of 14 December 2022 on measures for a high common level of cybersecurity across the Union, amending Regulation (EU) No 910/2014 and Directive (EU) 2018/1972, and repealing Directive (EU) 2016/1148 (NIS 2 Directive) (OJ L 333, 27.12.2022, p. 80, ELI: http://data.europa.eu/eli/dir/2022/2555/oj).
    (9) Regulation (EU) 2022/2065 of the European Parliament and of the Council of 19 October 2022 on a Single Market For Digital Services and amending Directive 2000/31/EC (Digital Services Act) (OJ L 277, 27.10.2022, p. 1, ELI: http://data.europa.eu/eli/reg/2022/2065/oj).
    (10) Regulation (EU) 2022/1925 of the European Parliament and of the Council of 14 September 2022 on contestable and fair markets in the digital sector and amending Directives (EU) 2019/1937 and (EU) 2020/1828 (Digital Markets Act) (OJ L 265, 12.10.2022, p. 1, ELI: http://data.europa.eu/eli/reg/2022/1925/oj).

    MIL OSI Europe News

  • MIL-OSI: Pace-O-Matic presents inaugural Integrity Award to Larry Hilimire

    Source: GlobeNewswire (MIL-OSI)

    DULUTH, Ga., May 12, 2025 (GLOBE NEWSWIRE) — Pace-O-Matic and its founder, Michael Pace, have presented the first-ever Integrity Award to Larry Hilimire, amusement industry legend and owner of Staunton Automatics in New York. The award was presented to Hilimire at the Amusement and Music Operators Association New York (AMOA-NY) annual gala in Manhattan on April 28.

    The Integrity Award recognizes individuals in the amusement industry or related fields who exemplify the highest standards of integrity. Recipients are those who consistently demonstrate honesty, fairness, and ethical conduct in all aspects of their professional endeavors.

    For over five decades, Larry Hilimire has led Stanton Automatics with a rare blend of vision, integrity, and grit, growing a family business into one of the most respected music and amusement operations in the country. His leadership has transformed the amusement industry, not just through innovation, but by setting the standard for how business should be done.

    “Larry’s a straight shooter — honest, dependable, and always guided by principle,” said Michael Pace, founder of Pace-O-Matic and creator of the Integrity Award. “He’s someone who will tell you what you need to hear, even if it’s not what you want to hear. That’s someone you can trust; that’s integrity. Thank you, Larry, for your decades of leadership, your unwavering ethics, and your lasting impact on the industry.”

    Mark Twain once famously said, “Do the right thing. It will gratify some people and astonish the rest.” The Integrity Award is intended to celebrate those who live by this example. It will honor game developers, executives, partners, or any other professionals who go above and beyond to ensure their actions reflect a deep commitment to doing what is right, even when faced with challenges or when it might not be the easiest path. This award is not just about what one achieves but how one achieves it, highlighting the importance of integrity in the industry.

    “Humbled, grateful, and shocked are just a few things I am feeling as I receive this award,” said Hilimire. “I want to thank Michael and Karmin, as well as the Pace-O-Matic family, for this great recognition. It is truly the highlight of my lifelong career.”

    Hilimire added, “I am sure all of you know who Tim Coughlin is, NY Giants head coach and two-time Super Bowl Champion. I often think of the picture of Tom sitting in his office after one of his Super Bowl wins, the trophy on his desk, with his feet up and a sign on his lap that read ‘Mission Accomplished’. I am going to have my son take a picture of me, feet up on my desk, with this beautiful award in hand, and a sign that says, ‘Mission Accomplished’.”

    The award is embodied in a stunning piece of hand-blown glass art. The award features a clear, luminous glass structure with intricate layers and varying colors. Every award is a unique art piece, and no two are the same. This is the first of several Integrity Award recognitions, which will be announced and presented in the coming months.

    Media Contact:
    Rachel Albritton
    502-905-5170
    rachel.albritton@paceomatic.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e5cb269e-b1db-4399-8a85-20cb663818ff

    The MIL Network

  • MIL-OSI USA: Keynote Address at the Crypto Task Force Roundtable on Tokenization

    Source: Securities and Exchange Commission

    Thank you and good afternoon. I am delighted to speak to this distinguished group at today’s roundtable on tokenization.[1] Thank you to the panelists for participating today.

    The topic of this afternoon’s discussion is timely as securities are increasingly migrating from traditional (or “off-chain”) databases to blockchain-based (or “on-chain”) ledger systems.

    This movement of securities from off-chain to on-chain systems is akin to the transition of audio recordings from analog vinyl records to cassette tapes to digital software decades ago. The ability to easily encode audio in a digital file format, which could readily be transferred, modified, and stored, unlocked tremendous innovation within the music industry.[2] Audio was freed from its boundaries as a static, fixed-format creation. It suddenly was compatible and interoperable across a wide range of devices and applications. It could be combined, broken apart, and programmed to form entirely new products. This also led to the development of novel hardware devices and streaming content business models, greatly benefiting consumers and the American economy.[3]

    Just as the shift to digital audio revolutionized the music industry, the migration to on-chain securities has the potential to remodel aspects of the securities market by enabling entirely new methods of issuing, trading, owning, and using securities. For example, on-chain securities can utilize smart contracts to transparently distribute dividends to shareholders on a regular cadence. Tokenization can also enhance capital formation by transforming relatively illiquid assets into liquid investment opportunities. Blockchain technology holds the promise to allow for a broad swath of novel use cases for securities, fostering new kinds of market activities that many of the Commission’s legacy rules and regulations do not contemplate today.

    In order for the United States to be the “crypto capital of the planet” as envisioned by President Trump,[4] the Commission must keep pace with innovation and consider whether regulatory changes are needed to accommodate on-chain securities and other crypto assets. Rules and regulations designed for off-chain securities may be incompatible with or unnecessary for on-chain assets and stifle the growth of blockchain technology.

    A key priority of my Chairmanship will be to develop a rational regulatory framework for crypto asset markets that establishes clear rules of the road for the issuance, custody, and trading of crypto assets while continuing to discourage bad actors from violating the law. Clear rules of the road are necessary for investor protection against fraud – not the least to help them identify scams that do not comport with the law.

    It is a new day at the SEC. Policymaking will no longer result from ad hoc enforcement actions. Instead, the Commission will utilize its existing rulemaking, interpretive, and exemptive authorities to set fit-for-purpose standards for market participants. The Commission’s enforcement approach will return to Congress’ original intent, which is to police violations of these established obligations, particularly as they relate to fraud and manipulation.

    This undertaking requires coordination across multiple offices and divisions within the Commission, which is why I am pleased that Commissioner Uyeda and Commissioner Peirce have worked together to establish the Crypto Task Force. For too long, the Commission has been plagued by policymaking siloes. The Crypto Task Force exemplifies how our policy divisions can come together to expeditiously provide long-needed clarity and certainty to the American public.

    Now, I mentioned three areas of focus for crypto asset policy – issuance, custody, and trading.

    Issuance

    First, I intend for the Commission to establish clear and sensible guidelines for distributions of crypto assets that are securities or subject to an investment contract. Only four crypto asset issuers have conducted registered offerings and offerings pursuant to Regulation A.[5] Issuers have largely avoided these types of offerings, in part, due to challenges in satisfying the associated disclosure requirements. In cases where the issuer does not intend to distribute ordinary securities, such as stock, bonds, or notes, issuers also struggle to determine whether a crypto asset constitutes a “security” or is subject to an investment contract.[6]

    In the past few years, the SEC first pursued what I call the “head-in-the-sand” approach – perhaps hoping that crypto would go away. Then, it pivoted and pursued a shoot-first-and-ask-questions-later approach of regulation through enforcement. It claimed that it was willing to talk to prospective registrants, “Just come in to visit,” but this proved ephemeral at best and more often misleading because the SEC made no necessary adaptations to registration forms for this new technology. For example, Form S-1 continues to require detailed information regarding executive compensation and use of proceeds, which may not be relevant or material for investment decisions in crypto assets. While the SEC has previously adapted its forms for offerings of asset-backed securities and by real estate investment trusts, it has not done so for crypto assets despite increased investor interest in this space over the past few years. We cannot encourage innovation by trying to fit a square peg into a round hole.

    I am committed to the Commission charting a new course. The Commission staff recently issued a staff statement on disclosure obligations for certain registrations and offerings.[7] The staff also clarified the view that certain distributions and crypto assets do not implicate the federal securities laws, and I expect the staff to continue to provide clarifications at my direction with regard to other types of distributions and assets.[8] However, existing registration exemptions and safe harbors may not be entirely fit-for-purpose for certain types of crypto asset offerings. I view this construct of staff pronouncements as extremely temporary – Commission action is both vital and necessary.  In the meantime, I have asked the Commission staff to consider whether additional guidance, registration exemptions, and safe harbors are needed to create pathways for crypto asset issuances within the United States. I believe that the Commission has broad discretion under the securities acts to accommodate the crypto industry, and I intend to get it done.

    Custody

    Second, I support providing registrants with greater optionality in determining how to custody crypto assets. Commission staff recently removed a significant impediment for companies seeking to provide crypto asset custodial services by rescinding Staff Accounting Bulletin No. 121.[9] That pronouncement was a grave error. The staff had no place to act so broadly in place of Commission action and without notice-and-comment rulemaking. The action created needless confusion and went far beyond the jurisdiction of the SEC in its effects. However, the SEC can do much more to enhance competition in the market for legally compliant custodial services than merely getting rid of SAB 121.

    It is important to provide clarity on the types of custodians that qualify as a “qualified custodian” under the Advisers Act and Investment Company Act, as well as reasonable exceptions from the qualified custody requirements to accommodate certain common practices within crypto asset markets. Many advisers and funds have access to self-custodial solutions that incorporate more advanced technology to safeguard crypto assets as compared to some of the custodians in the market. Consequently, the custody rules may need to be updated to allow advisers and funds to engage in self-custody under certain circumstances.

    Additionally, it may be necessary to repeal and replace the “special purpose broker-dealer” framework[10] with a more rational regime. Only two special purpose broker-dealer are in operation today due clearly to the significant limitations imposed on these entities. Broker-dealers are not and never were restricted from acting as a custodian for non-security crypto assets or crypto asset securities, but Commission action may be needed to clarify the application of the customer protection and net capital rules to this activity.

    Trading

    Third, I am in favor of allowing registrants to trade a broader variety of products on their platforms and in response to market demand, activities which previous Commissions had prevented. For example, some broker-dealers seek to go to market with a “super app” that offers trading in securities and non-securities and other financial services all under a single roof. Nothing in the federal securities laws prohibits registered broker-dealers with an alternative trading system from facilitating trading in non-securities, including via “pairs trading” between securities and non-securities. I have asked the staff to help us devise ways to modernize the ATS regulatory regime to better accommodate crypto assets. Additionally, I have asked the staff to explore whether further guidance or rulemaking may be helpful for enabling the listing and trading of crypto assets on national securities exchanges.

    While the Commission and its staff work to develop a comprehensive regulatory framework for crypto assets, securities market participants should not be compelled to go offshore to innovate with blockchain technology. I would like to explore whether conditional exemptive relief would be appropriate for registrants and non-registrants that seek to bring new products and services to market that may otherwise not be compatible with current Commission rules and regulations.

    I am eager to coordinate with colleagues in President Trump’s Administration and Congress to make the United States the best place in the world to participate in crypto asset markets.

    Thank you for your attention. I look forward to the discussions to follow.

     


    [1] These remarks reflect my individual views as Chairman of the Commission and do not necessarily reflect the views of the full Commission or my fellow Commissioners.

    [5] For example, INX Limited offered crypto assets pursuant to a Form F-1; Blockstack PBC and YouNow, Inc. conducted Regulation A offerings of crypto assets.

    [8] See Division of Corporation Finance, Staff Statement on Meme Coins, Feb. 27, 2025, https://www.sec.gov/newsroom/speeches-statements/staff-statement-meme-coins; Division of Corporation Finance, Statement on Certain Proof-of-Work Mining Activities, Mar. 20, 2025, https://www.sec.gov/newsroom/speeches-statements/statement-certain-proof-work-mining-activities-032025; Division of Corporation Finance, Statement on Stablecoins, April 4, 2025, https://www.sec.gov/newsroom/speeches-statements/statement-stablecoins-040425.

    [10] Custody of Digital Asset Securities by Special Purpose Broker-Dealers, 86 Fed. Reg. 11627 (Feb. 26, 2021).

    MIL OSI USA News

  • MIL-OSI Global: For children with a rare form of dementia, music could be a powerful therapy tool

    Source: The Conversation – UK – By Rebecca Atkinson, Researcher in Music Therapy, Anglia Ruskin University

    Music therapy may be helpful for children with a rare form of dementia. adriaticfoto/ Shutterstock

    When we hear the word “dementia”, we usually think of memory loss in older adults. But there’s another, much rarer form of the disease that strikes far earlier in life – childhood dementia, also known as Batten disease.

    Batten disease is a rare but serious genetic disorder that affects the brain and nervous system. It is unknown how many children in the UK are living with this heartbreaking condition, but recent estimates show between 150-200 are affected.

    It often appears in early in life – usually between the ages of 12 months to 12 years. The condition can lead to problems with vision, movement and thinking. And, because the condition is genetic, it often means that more than one child in a family can be affected.

    Right now, there’s no cure for Batten disease. Sadly, many children with the condition don’t survive into adulthood. Scientists and doctors are working hard to change that, but there’s still a long way to go.


    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. Join The Conversation for free today.


    While a promising drug has been shown to slow progression of one type of Batten disease, access to it is now under review in the UK. This leaves many children and families at risk of losing this lifesaving treatment.

    Without a viable cure, treatment for Batten disease mainly focuses on easing symptoms. Children often need physiotherapy, prescription drugs and educational support. But this care has been shown to be fragmented, with services spread across different providers. This lack of coordination makes it challenging for families to access consistent support.

    Families are open to looking for alternative forms of therapy – such as music therapy. Emerging research suggests that music and music therapy can be beneficial for children with Batten disease.

    Music therapy

    Researchers have begun exploring music therapy as a way of managing symptoms and possibly enhancing quality of life for children with Batten disease. Research in this area is still in its early stages. But if proven to be effective, music therapy could offer new opportunities and comfort to patients and their families.

    Music therapy uses music to help with emotional expression, psychological health and functional improvements. A typical music therapy session involves playing instruments, singing, listening to music or song writing to help patients improve psychological wellbeing, and cope with emotional or communication difficulties.

    For children with Batten disease, clinical researchers consider music therapy – when used alongside other standard therapies (such as physiotherapy and speech therapy) – to alleviate pain and anxiety in patients and improve their social interaction and enjoyment.

    In one case study, it was found that weekly music therapy sessions helped one ten-year-old child with Batten disease better express her feelings and memories through writing and singing songs. Not only this, these songs became a lasting legacy, helping loved ones stay connected to her after she passed away.

    An international survey of 182 parents and professionals who support children with Batten disease also found music therapy was beneficial. Around 80% of the people in the study said music helped their children communicate. In some cases, children who could no longer speak were still able to sing. Music also helped the children access memories, and generally improved their quality of life.

    Music therapy may help children with Batten disease to communicate and access memories.
    Da Antipina/ Shutterstock

    One specific strand of music therapy is neurologic music therapy. This approach can help people with neurological conditions manage their symptoms and function better in their everyday life through practical musical exercises. This is done through specific singing or rhythm exercises to help with speech, or targeted movement activities to help with mobility.

    Currently, no research has been conducted on the use of neurologic music therapy for children with Batten disease. But, research on other neurological conditions shows it can be very beneficial.

    For instance, research shows neurologic music therapy can improve speech, language, cognition and movement for some Parkinson’s sufferers and quality of life and well being for adults with dementia.




    Read more:
    Why researchers are turning to music as a possible treatment for stroke, brain injuries and even Parkinson’s


    Studies have also shown the practice can help children with neurological conditions similar to Batten disease, such as cerebral palsy and Rett’s syndrome. When added to standard rehabilitation programmes that target motor, language, movement and psychological goals, neurologic music therapy increased brain plasticity (meaning it strengthened connections in the brain).

    The children who received the therapy became more engaged and focused. These findings indicate that adding music therapy could speed up progress toward rehabilitation goals.

    For children with epilepsy, listening to music has even been shown to reduce the number of seizures over a six month period. Many children with Batten disease experience epileptic seizures which can become more unmanageable as the disease progresses. This suggests that music therapy could potentially be useful for managing seizures in children with Batten disease.

    The uniquely powerful effect of music could be explained by the fact that it activates multiple regions of the brain at once – including those linked to movement, memory, emotion and language.

    This global activation can be especially helpful for children with Batten disease, as it may stimulate areas of the brain that are still functioning. Music may also help with emotional expression and social connection, offering comfort and a sense of identity even as the disease progresses.

    While early findings from this field are promising, larger and more targeted studies are needed to confirm the benefits of music therapy for children with Batten disease and explore how it might be integrated into standard care.

    As Batten disease progresses, families face the heartbreaking reality of their child’s diminishing future. Many turn to supportive therapies and palliative care in their child’s final stages of life.

    Early findings on music therapy suggest that it may help children with Batten disease express themselves, stay connected and hold on to moments of independence for a little longer.

    Rebecca Atkinson is a board member of Chiltern Music Therapy, and has received funding from The Musicians Company to carry out research activities for children with Batten disease.

    ref. For children with a rare form of dementia, music could be a powerful therapy tool – https://theconversation.com/for-children-with-a-rare-form-of-dementia-music-could-be-a-powerful-therapy-tool-171688

    MIL OSI – Global Reports

  • MIL-OSI Global: Deadly blood clots, risky treatments: The high-stakes battle against deep vein thrombosis in sports and beyond

    Source: The Conversation – Canada – By Peter Anthony Andrisani, PhD Candidate, Medical Sciences, McMaster University

    Seven-time NBA all-star Damian Lillard, 34, recently joined a growing list of NBA athletes to be sidelined by a diagnosis of deep-vein thrombosis, or DVT.

    The Milwaukee Bucks player joins Victor Wembanyama, 21, a rising star in the NBA who was diagnosed with the life-threatening condition earlier this season, along with Chris Bosh and Brandon Ingram, who were also sidelined with DVT during their careers.

    DVT in athletes

    DVT is caused by blood clots in the veins of the arms or legs. The condition is commonly associated with age, decreased mobility, obesity, some estrogen-containing medications and smoking, among other factors. Repetitive arm action above the head, like throwing a basketball, can also increase the risk of DVT.

    Typically, DVT causes swelling, pain and bruising in the affected limb. DVT on its own is not lethal, but left untreated, it can have serious consequences.

    Without treatment, pieces of blood clots that cause DVT can break off and travel to the lungs in a condition called pulmonary embolism (PE), which can result in severe damage to the lungs. Both DVT and PE are venous thromboembolic diseases, which are the third most common cause of deaths associated with the vascular system after heart attack and stroke.

    Tennis superstar Serena Williams developed PE twice. Like many people who develop it, she had trouble breathing, shortness of breath and chest pain.

    Although it might be scary to be diagnosed with DVT or PE, there are effective medicines to treat the conditions.

    My lab’s research focuses on identifying new blood-thinning drugs to treat blood-clotting conditions like DVT and stroke. Surgery and blood thinners are often combined to combat DVT and PE by removing the original blood clot and reducing the chances of a new clot forming.

    Despite their name, blood thinners do not literally make blood thinner. Instead, they make it harder for blood clots to form. Three general classes of blood thinners can be prescribed for DVT and PE: vitamin K antagonists such as warfarin, heparin and direct oral anticoagulants.

    Despite the help blood thinners provide, they create risks of their own, as they can increase the risk of bleeding, because blood clotting is a normal and necessary physiological process.

    Clot risks vs. bleeding risks

    Taking blood thinners is like walking a tightrope. The person taking the blood thinner is in a constant state of balance between preventing abnormal blood clots and excessive bleeding, which depends on the strength of the blood thinner. If you lean too far in either direction, you might fall off the tightrope, with serious consequences.

    The challenges of managing bleeding risk while preventing DVT was amplified in the case of Williams. Immediately after delivering her second child, Williams underwent a PE event and was placed on intravenous heparin. While heparin did prevent blood clots, Williams did have significant bleeding at the site of her C-section.

    The risk of bleeding often extends past the hospital. Typically, blood thinners are given to people with DVT for months, even years, to prevent ongoing risk of clot formation. The risk of bleeding persists as long as the person is taking the drug.

    Athletes on blood thinners playing contact sports are more vulnerable to injuries compared to others. Players commonly fall, which is more likely to cause potentially life-threatening internal bleeding.

    Due to this risk, athletes often must take to the sidelines to avoid injury after a DVT diagnosis.

    Balanced blood thinners

    The challenge of creating balanced blood-thinning drugs is of great interest to my lab at McMaster University’s Thrombosis and Atherosclerosis Research Institute. A promising candidate for treating clotting disorders is ADAMTS13. It’s a protein that plays a role in the typical maintenance of blood clots but shows great potential as a blood-thinning medication.

    Previous research with this protein has found that in acute blood-clotting conditions such as ischemic stroke, ADAMTS13 is effective at breaking apart blood clots but does not result in the same risk of bleeding. Further testing on the protein in chronic conditions like DVT still needs to be performed, but there is potential for it to act as a long-term blood thinner.

    The use of safer blood thinners will not only allow athletes like Lillard and Wembanyama to continue playing their respective sports, but will also help the general population.

    Approximately seven million new blood-thinner prescriptions for DVT and other conditions are written each year in Canada, highlighting the need for better therapeutics across the board.

    Peter Anthony Andrisani receives funding from CanVECTOR.

    Colin Kretz receives funding from the Canadian Institutes of Health Research, the Natural Sciences and Engineering Research Council of Canada, and the National Heart, Lung, and Blood Institute of the National Institutes of Health (R01HL172780).

    ref. Deadly blood clots, risky treatments: The high-stakes battle against deep vein thrombosis in sports and beyond – https://theconversation.com/deadly-blood-clots-risky-treatments-the-high-stakes-battle-against-deep-vein-thrombosis-in-sports-and-beyond-253985

    MIL OSI – Global Reports

  • MIL-OSI Global: The Moomins drift through time like a myth – that’s why they resist meaning and endure

    Source: The Conversation – UK – By Steve Nash, Lecturer in Literature, Media, and Creative Writing, Leeds Beckett University

    The Moomins may look like hippos in aprons and top hats, but they’re more than just adorable characters from children’s books. Over the decades, these gentle creatures have become part of a living mythology – one that drifts across time, borders and generations.

    Created by Finnish-Swedish author Tove Jansson in the 1940s, the Moomins live in stories that blur the lines between fairy tale, folk wisdom and quiet philosophy. And perhaps that’s the secret to their enduring appeal: they resist being pinned down.

    Unlike traditional children’s characters tied to a tidy moral or neat storyline, the Moomins meander literally and metaphorically. Their world is one of seasonal migrations, long silences, floods, comets and unexpected departures.


    This is part of a series of articles celebrating the 80th anniversary of the Moomins. Want to celebrate their birthday with us? Join The Conversation and a group of experts on May 23 in Bradford for a screening of Moomins on the Riviera and a discussion of the refugee experience in Tove Jansson’s work. Click here for more information and tickets.


    Moominvalley isn’t a safe haven – it’s a landscape shaped by change. In that sense, Jansson’s stories echo something far older than modern literature: the mythic rhythms of Nordic storytelling, where time loops, endings blur and characters return in altered forms.

    A myth that moves

    The Viking sagas, for instance, were not written down at first but passed from voice to voice, reshaped with each telling. They weren’t concerned with tidy endings or moral clarity. Characters disappeared and reappeared. Time looped and fragmented.

    Similarly, Jansson’s stories don’t build to a climax. They wander. One book might end with a mystery, a quiet mood or a long silence. It’s a narrative style that feels strangely modern – and yet deeply ancient.

    Jansson herself resisted giving her stories a single message. In letters and interviews, she said she disliked moralising and preferred ambiguity. “A good story,” she wrote, “has no need to be explained; its truth lies in its telling, not in its conclusion.” That idea – of a truth that doesn’t depend on being pinned down – is at the heart of what makes the Moomins mythic.

    Of course, myths evolve. And the Moomins have evolved spectacularly. After the books found international success, the characters were adapted into Japanese anime, Nordic theatre, British radio and global branding campaigns.

    Each version tells a slightly different story. In Japan, the Moomins became symbols of warmth and nostalgia – gentle mascots of a simpler life. In the UK and US, early translations softened the melancholy and existential tones. More recently, new editions and critical reappraisals have returned to Jansson’s deeper themes of loss, solitude and transformation.

    The many lives of the Moomins

    This global journey has parallels with the evolution of Viking mythology. Once oral stories shared around fires, Norse myths have been repackaged for everything from national pride to Hollywood action. Like the Moomins, they’ve become flexible cultural symbols – used and re-used in ways that often have little to do with their original context.

    But unlike the fierce warriors of Norse myth, the Moomins are gentle, uncertain creatures. They worry. They drift. They don’t fight monsters – they reflect, explore, adapt. In Moominland Midwinter, Moomintroll wakes from hibernation to find the world cold and unfamiliar.

    His journey isn’t about conquering the landscape, it’s about learning how to live in it. That emotional honesty resonates with readers of all ages. It also reflects something uniquely Nordic: an existential awareness of solitude, change and survival.

    Folklore, loneliness and the Groke

    One character, the Groke, captures this beautifully. She’s a shadowy figure who creates frost wherever she walks. She’s not a villain, she’s just lonely. Children often fear her, but readers grow to understand her.

    She recalls Nordic spirits like the huldra or tomte – ghostly beings that live in the forests, blurring the line between human and otherworldly. In Jansson’s hands, this folklore becomes a way to explore anxiety, estrangement and the human need for warmth.

    The Moomins’ refusal to settle – geographically or philosophically – also speaks to today’s world of cultural fluidity. Jansson was from Finland’s Swedish-speaking minority and grew up between languages, cultures and post-war upheaval.

    Her books reflect that liminal identity, and they’ve found a home among readers who don’t always fit neatly into one place. That might be why the Moomins are particularly popular in countries dealing with identity shifts or cultural nostalgia.

    A myth for a shifting world

    As with all mythologies, there’s also a commercial side. The Moomins are now a global brand, with theme parks, merchandise, museums and a thriving fanbase. Some of this has softened their original complexity.

    But even through plush toys and animation, something essential remains: the feeling that these characters, like the stories they inhabit, can’t be reduced to one message. They are always slightly mysterious, slightly out of reach.

    In a world that often demands quick answers and strong opinions, the Moomins offer something gentler: ambiguity, openness and quiet reflection. They remind us that not all stories are meant to be solved with a neat conclusion. Some are meant to be returned to – revisited like familiar places in the mind, reshaped each time we arrive.

    That’s what makes the Moomins mythic. Not just their age or popularity, but their ability to change – and to change us – with every retelling. They invite us to wander, like Snufkin, and to sit still, like Moominmamma.

    They show us that myth isn’t just about gods and monsters – it’s about living with uncertainty, embracing return, and finding meaning in the stories that help us feel at home in the world.

    Steve Nash works for Leeds Beckett University.

    ref. The Moomins drift through time like a myth – that’s why they resist meaning and endure – https://theconversation.com/the-moomins-drift-through-time-like-a-myth-thats-why-they-resist-meaning-and-endure-254742

    MIL OSI – Global Reports

  • MIL-OSI Global: Nineteen Eighty-Four and Brave New World should be read in tandem to understand today’s troubled times

    Source: The Conversation – UK – By Emrah Atasoy, Associate Fellow of English and Comparative Literary Studies & Honorary Research Fellow of IAS, University of Warwick

    Is there any past work of fiction that can help us make sense of today’s troubling trends? Taking into account the proliferation of references to obfuscating “Newspeak”, Big Brother-style leaders and impossible-to-circumvent surveillance systems in newspaper articles, this question cries out for a simple answer: “Yes – and that work is George Orwell’s Nineteen Eighty-Four.”

    People on both the political left and right see Orwell’s 1949 novel as the book from the last century that speaks to the present most powerfully. But there are others who regard consumer culture and social media obsession as the primary concerns of today. They have a different answer: “Yes – and that work is Aldous Huxley’s Brave New World.”

    We, however, think the answer is “both”.


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    In the long-running debate over who was the most prophetic writer of their era, Orwell, who was a pupil of Huxley’s at Eton, is generally the favourite.

    One reason for this is that international alliances that long seemed stable are now in flux. In Nineteen Eighty-Four, his final novel, Orwell envisioned a future tri-polar world divided into competing blocks with shifting allegiances.

    In the short time since the US president, Donald Trump, began his second term, his policies and statements have triggered surprising realignments. The US and Canada, close partners for more than a century, have faced off against each other. And in April, an official from Beijing joined with his counterparts from South Korea and Japan to push back as an unlikely trio against Trump’s new tariffs.

    That is perhaps why there is a booming field of “Orwell studies”, with its own academic journal, but not “Huxley studies”. It also probably explains why Nineteen Eighty-Four, but not Brave New World, keeps making its way on to bestseller lists – sometimes in tandem with Margaret Atwood’s The Handmaid’s Tale (1985). “Orwellian” (unlike the rarely heard “Huxleyan”) has few competitors other than “Kafkaesque” as an immediately recognisable adjective linked to a 20th-century author.

    Trailer for the film 1984, an adaptation of Orwell’s novel.

    As wonderful as Atwood and Kafka are, we are convinced that combining Orwell’s vision with Huxley’s offers scope for deeper analysis. This is true in part because of, not despite, how common it has been to contrast the modes of autocracy Orwell and Huxley describe.

    Orwellian and Huxleyan visions as one world

    We live in an era when all sorts of systems of control limit our freedoms of expression, identity and religion. Many do not quite fit the template that either Orwell or Huxley imagined, but instead combine elements.

    There are certainly places, such as Myanmar, where those in power rely on techniques that immediately bring Orwell to mind, with his focus on fear and surveillance. There are others, such as Dubai, that more readily evoke Huxley, with his focus on pleasure and distraction. In many cases, though, we find a mixture.

    This is especially clear if you take a global view. That’s something we specialise in as international and interdisciplinary researchers – a literary scholar from Turkey based in the UK, and a Californian cultural historian of China who has also published on southeast Asia.

    Like Orwell, Huxley wrote many books that were not dystopian fiction, but his foray into that genre became his most influential. Brave New World was well known throughout the cold war. In courses and commentaries, it was commonly paired with Nineteen Eighty-Four as a narrative illustrating a shallow society based on indulgence and consumerism, as opposed to the bleaker Orwellian world of suppression of desire and strict control.

    While it is common to approach the two books via their contrasts, they can be treated as interconnected and entangled works as well.

    Trailer for an adaptation of Brave New World, released in 2020.

    During the cold war, some commentators felt that Brave New World showed where capitalist consumerism in the age of television could lead. The west, according to this interpretation, could become a world in which autocrats like those in the novel stayed on top. They would do this by keeping people busy and divided among themselves, happily distracted by entertainment and the drug “soma”.

    Orwell, by contrast, seemed to provide a key to unlock the harder mode of control in non-capitalist, Communist Party-run lands, especially those of the Soviet bloc.

    Huxley himself in Brave New World Revisited, a non-fiction book he published in the 1950s, thought it was important to think about ways the techniques of power and societal engineering in the two novels could be combined, approached and analysed. And there is even more value in combining the approaches now, when capitalism has gone so global and the autocratic wave keeps reaching new shores in the so-called post-truth era.

    Orwellian hard-edged and Huxleyan soft-edged approaches to control and social engineering can be and often are combined. We see this within countries such as China, where the crude repressive methods of a Big Brother state are used against the Uyghur population, while cities such as Shenzhen evoke Brave New World.

    We see this mixing of dystopian elements in many countries – variations on the way that science fiction writer William Gibson, author of novels such as Neuromancer (1984), wrote about Singapore with a phrase that had a soft-edged first half and a hard-edged second: “Disneyland with the death penalty.”

    This can be a useful first step toward better understanding, and perhaps beginning to try to find a way of improving the troubling world of the mid-2020s. A world in which the smartphone in your pocket both keeps track of your actions and provides an endless set of enticing distractions.

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

    ref. Nineteen Eighty-Four and Brave New World should be read in tandem to understand today’s troubled times – https://theconversation.com/nineteen-eighty-four-and-brave-new-world-should-be-read-in-tandem-to-understand-todays-troubled-times-253872

    MIL OSI – Global Reports

  • MIL-OSI Global: From Zoo Quest to Ocean: The evolution of David Attenborough’s voice for the planet

    Source: The Conversation – UK – By Neil J. Gostling, Associate Professor in Evolution and Palaeobiology, University of Southampton

    Over the course of seven decades, Sir David Attenborough’s documentaries have reshaped how we see the natural world, shifting from colonial-era collecting trips to urgent calls for environmental action.

    His storytelling has inspired generations, but has only recently begun to confront the scale of the ecological crisis. To understand how far nature broadcasting has come, it helps to return to where it started.

    When Attenborough’s broadcasting career began in the 1950s, Austrian filmmakers Hans and Lotte Hass were already pushing the boundaries of what was possible by taking cameras below the sea and touring the world aboard their schooner, the Xafira.

    In one of their 1953 Galapagos films, a crewman handled a sealion pup, having crawled across the volcanic rock of Fernandina honking at sealions to attract them. A penguin and giant tortoise were brought on board Xafira. And as Lotte Hass took photographs, she’d beseech some poor creature to “not be frightened” and “look pleasant”.

    This is a world away from today’s expectations, where both research scientists and amateur naturalists are taught to observe without touching or disturbing wildlife. When the Hasses visited the Galápagos, it was still five years before the creation of the national park and the founding of the island’s conservation organisation Charles Darwin Foundation. Now, visitors must stay at least two metres from all animals – and never approach them.


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    At the same time, television was beginning to shape public perceptions of the natural world. In 1954, Attenborough was working as a young producer on Zoo Quest. By chance, he became its presenter when zoologist Jack Lester became ill.

    The programme followed zoologists collecting animals from around the world for London Zoo. Zoo Quest was filmed in exotic locations around the world and then in the studio where the animals found on the expedition were shown “up close”.

    Attenborough has since acknowledged that Zoo Quest reflected attitudes that would not be acceptable today. The series showed animals being captured from the wild and transported to London Zoo – practices which mirrored extractive, colonial-era approaches to science.

    David Attenborough’s Zoo Quest for a Dragon aired in 1956.

    Yet, Zoo Quest was also groundbreaking. The series brought viewers face-to-face with animals they might never have seen before and pioneered a visual style that made natural history television both entertaining and educational. It helped establish Attenborough’s reputation as a compelling communicator and laid the foundations for a new genre of science broadcasting – one that has evolved, like its presenter, over time.

    After a decade in production, Attenborough returned to presenting with Life on Earth (1979), a landmark series that traced the evolution of life from single-celled organisms to birds and apes. Drawing on his long-standing interest in fossils, the series combined zoology, palaeobiology and natural history to create an ambitious new template for science broadcasting.

    Life on Earth helped cement Attenborough’s reputation as a trusted communicator and became the foundation of the BBC’s “blue-chip” natural history format – big-budget, internationally produced films that put high-quality cinematic wildlife footage at the forefront of the story. The series did not simply document the natural world. It reframed it, using presenter-led storytelling and global spectacle to shape how audiences understood evolutionary processes.

    For much of his career, Attenborough has been celebrated for showcasing the beauty of the natural world. Yet, he has also faced criticism for sidestepping the environmental crises threatening it. Commentators such as the environmental journalist George Monbiot argued that his earlier documentaries, while visually stunning, often avoided addressing the human role in climate change, presenting nature as untouched and avoiding difficult truths about ecological decline.

    Building on the legacy of Life on Earth, Attenborough’s later series began to respond to these critiques. Blue Planet (2001) expanded the scope of nature storytelling, revealing the mysteries of the ocean’s most remote and uncharted ecosystems. Its 2017 sequel, Blue Planet II, introduced a more urgent tone, highlighting the scale of plastic pollution and the need for marine conservation.

    Although Blue Planet II significantly increased viewers’ environmental knowledge, it did not lead to measurable changes in plastic consumption behaviour – a reminder that awareness alone does not guarantee action. The subsequent Wild Isles (2023) continued the shift towards conservation messaging. While the main series aired in five parts, a sixth episode – Saving Our Wild Isles – was released separately and drew controversy amid claims the BBC had sidelined it for being too political. In reality, the episode delivered a clear call to action.

    Attenborough’s latest film, Ocean, continues in this more urgent register, pairing breathtaking imagery with an unflinching assessment of ocean health. After decades of gentle narration, he now speaks with sharpened clarity about the scale of the crisis and the need to act.

    A voice for action

    In recent years, Attenborough has taken on a new role – not just as a broadcaster, but as a powerful voice in environmental diplomacy. He has addressed world leaders at major summits such as the UN climate conference Cop24 and the World Economic Forum, calling for urgent action on climate change. He was also appointed ambassador for the UK government’s review on the economics of biodiversity.

    On the subject of environmemtal diplomacy, Monbiot recently wrote: “A few years ago, I was sharply critical of Sir David for downplaying the environmental crisis on his TV programmes. Most people would have reacted badly but remarkably, at 92, he took this and similar critiques on board and radically changed his approach.”

    Attenborough not only speaks. He listens. This is part of his charm and popularity. He is learning and evolving as much as his audience.

    What makes Attenborough stand out is the way he speaks. While official climate treaties often rely on technical or legal language, he communicates in emotional, accessible terms – speaking plainly about responsibility, urgency and the moral imperative to protect life on Earth. His calm authority and familiar voice make complex issues easier to grasp and harder to dismiss.

    Frequently named Britain’s most trusted public figure, Attenborough has become something of an unofficial diplomat for the planet – apolitical, measured, and often seen as a voice of reason amid populist noise. Despite his criticisms, Attenborough’s documentaries walk a careful line between fragility and resilience, using emotionally ambivalent imagery to prompt reflection. He shares his wonder with the natural world and brings people along with him

    Ocean shows our blue planet in more spectacular fashion than Lotte and Hans Hass could ever have imagined. But it is also Attenborough’s most direct reckoning with environmental collapse. With clarity and urgency, it confronts the damage wrought by industrial trawling and habitat destruction.

    After 70 years of gently guiding viewers through the natural world, Attenborough’s voice has sharpened. If he once opened our eyes to nature’s wonders, he now challenges us not to look away. As he puts it: “If we save the sea, we save our world. After a lifetime filming our planet, I’m sure that nothing is more important.”


    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 45,000+ readers who’ve subscribed so far.


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

    ref. From Zoo Quest to Ocean: The evolution of David Attenborough’s voice for the planet – https://theconversation.com/from-zoo-quest-to-ocean-the-evolution-of-david-attenboroughs-voice-for-the-planet-251727

    MIL OSI – Global Reports

  • MIL-OSI: Viomi Technology Co., Ltd to Present at the dbVIC – Deutsche Bank ADR Virtual Investor Conference May 15th

    Source: GlobeNewswire (MIL-OSI)

    GUANGZHOU, China, May 12, 2025 (GLOBE NEWSWIRE) — Viomi Technology Co., Ltd (“Viomi” or the “Company”) (NASDAQ: VIOT) based in Guangzhou, and focused on home water solutions, today announced that Mr.Sam Yang, Head of the Company’s Capital and Strategy Department, and Ms. Claire Ji, the Company’s IR contact, will present at the dbVIC – Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on May 15, 2025. This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors.

    DATE: May 15, 2025
    TIME: 8:30 AM EDT
    LINK: REGISTER HERE

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Participation is free of charge.

    Recent Company Highlights

    • The Company achieved strong results with a significant turnaround from previous losses, driven by a strategic shift to focus on home water business. Net revenue for 2024 increased by 29.3% year over year, and net income reached RMB62.3 million, compared to a net loss of RMB89.3 million in 2023. Viomi is now on a fast track to high-quality growth and is well-positioned to seize new market opportunities.

    About Viomi Technology

    Viomi’s mission is “AI for Better Water,” utilizing AI technology to provide better drinking water solutions for households worldwide.

    As an industry-leading technology company in home water solutions, Viomi has developed a distinctive “Equipment + Consumables” business model. By leveraging its expertise in AI technology, intelligent hardware and software development, the Company simplifies filter replacement and enhances water quality monitoring, thereby increasing the filter replacement rate. Its continuous technological innovations extend filter lifespan and lower user costs, promoting the adoption of water purifiers and supporting a healthy lifestyle while effectively addressing the rising global demand for cleaner, fresher and healthier drinking water. The Company operates a world-leading “Water Purifier Gigafactory” with an integrated industrial chain that boasts optimal efficiency and facilitates continuous breakthroughs in water purification. This state-of-the-art facility enables Viomi to achieve economies of scale and accelerate the global popularization of residential water filtration.

    For more information, please visit: https://ir.viomi.com.

    About Virtual Investor Conferences®

    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access.  Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Viomi Technology Co., Ltd
    Claire Ji
    E-mail: ir@viomi.com.cn

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network

  • MIL-OSI: ZA Miner Responds to Market Growth With Enhanced Crypto Mining Infrastructure

    Source: GlobeNewswire (MIL-OSI)

    Image by ZA Miner

    MIDDLESEX, United Kingdom, May 12, 2025 (GLOBE NEWSWIRE) — Following recent gains in the cryptocurrency market, including Bitcoin’s climb above $78,000, mining activity is undergoing a marked resurgence. This renewed momentum has prompted various platforms to improve operational models, aiming to meet increased demand for accessible, secure, and efficient mining processes.

    One such platform, ZA Miner, has introduced a streamlined technical infrastructure designed to support users engaging in Bitcoin mining and other high-yield digital assets. Operating under FCA regulation, the platform adheres to key compliance protocols to provide transparency and data protection throughout its mining services.

    Recent analysis shows Bitcoin appreciating over 5% in a matter of days, contributing to wider market enthusiasm. This bullish phase has resulted in heightened user interest in mining pools that support the extraction of mainstream cryptocurrencies, including Ethereum. In response, ZA Miner has adjusted its operational model by optimizing mining rig performance and improving backend algorithms to accommodate increased activity levels.

    Instead of focusing on promotional offers, ZA Miner’s process prioritizes efficiency and structure. Users—ranging from entry-level participants to experienced miners—are presented with various mining contracts that differ in duration, hardware configuration, and daily income potential. All calculations, payouts, and settlements are automated and occur on a 24-hour cycle.

    For example, recent mining plans demonstrate a variety of contract lengths and projected returns. A short-term $500 contract spread over two days may yield approximately $60 in total income. More substantial investments, such as a $5,100 contract over three days, forecast daily income exceeding $190. These figures are derived from predefined computational outputs rather than speculative projections.

    Each transaction is encrypted and stored securely, reflecting the platform’s compliance with the Financial Conduct Authority’s guidelines. The integration of real-time analytics and risk management tools also enables users to make informed decisions based on current market conditions and expected volatility.

    The emphasis on platform integrity, performance optimization, and regulatory compliance underscores a broader trend in the cryptocurrency mining industry—where stability and transparency are becoming as critical as profitability.

    As market volatility continues to shape investment behavior, platforms like ZA Miner are focusing on system reliability and scalable solutions rather than incentives or promotions. This development reflects a more mature stage of mining operations, where user trust and regulatory oversight serve as cornerstones of growth.

    Media Contact:
    SHEIKH, Anisah Fatema
    ZA FUNDINGS LTD
    info@zaminer.com
    https://www.zaminer.com/

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bc9c6ec3-7e54-4d74-a168-4fc770e02803

    The MIL Network

  • MIL-OSI: Equasens: Q1 revenue at 31 March 2025

    Source: GlobeNewswire (MIL-OSI)

    Villers-lès-Nancy, 12 May 2025 – 6:00 PM (CET)

    PRESS RELEASE

    Q1 revenue at 31 March 2025: €57.0m
    + 6.9% growth on a reported basis and + 5.9% like-for-like

    Q1 2025 REVENUE (€m) 2024
    Reported basis
    2025
    Reported basis
    Change /
    Reported basis
    Of which external growth Like-for-like change
    (organic growth)
    Equasens Group 53.3 57.0 3.7 6.9% 0.5 3.2 5.9%
    Q1 2025 revenue / Division (€m) 2024
    Reported basis
    2025
    Reported basis
    Change /
    Reported basis
    Of which external growth Like-for-like change
    (organic growth)
    Pharmagest 39.8 42.0 2.2 5.5%   2.2 5.5%
    Axigate Link 7.8 8.3 0.4 5.5%   0.4 5.5%
    e-Connect 2.9 3.5 0.6 21.2%   0.6 21.2%
    Medical Solutions 2.1 2.7 0.5 25.1% 0.5 0.0 0.0%
    Fintech 0.6 0.6 -0.1 -8.3%   -0.1 -8.3%
    Total 53.3 57.0 3.7 6.9% 0.5 3.2 5.9%

    As of March 31, 2025, Equasens Group, (Euronext Paris™ – Compartment B – FR 0012882389 -EQS), a leading provider of digital solutions for healthcare professionals, reported revenue of €57.0m, up 6.9% on Q1 2024 reported basis and 5.9% like-for-like.

    Revenue from CALIMED SAS, acquired by the Medical Solutions Division in December 2024, was restated to reflect changes in the scope of consolidation (€0.5m).

    Q1 2025 revenue by type of business (€m) 2024
    Reported basis
    2025
    Reported basis
    Change / Reported basis
    Sale of configurations and hardware 21.5 23.2 1.7 7.7%
    Scalable maintenance and professional training services 19.7 20.3 0.7 3.5%
    Software solutions and subscriptions 11.6 12.9 1.3 11.3%
    Other services (including intermediation) 0.5 0.6 0.0 7.7%
    Total 53.3 57.0 3.7 6.9%

    Q1 2025 highlights by type of business

    • Sales of configurations and hardware (+7.7%) were back on track, after one year, with a trajectory of sustained growth for Pharmagest (+5.7%) and e-Connect (+68.4%), confirming the rebound announced in Q4 2024.
    • Scalable maintenance and training services (+3.5%) display steady growth, maintaining the momentum of 2024, highlighting the loyalty of the customer base and the success of its value-added services.
    • Software solutions and subscriptions (+11.3%) continue to perform well, boosted both by the contribution of acquisitions (+4.4%) and strong organic growth (+6.9%), illustrating the relevance of the strategy of progressively transforming new solutions to a SaaS model.
    • The PHARMAGEST Division had Q1 revenue of €42.0m (+5.5%) on a reported basis (100% organic growth).
      • Investments in recruitment, R&D and continuing improvements in customer service are paying off, in a French market environment marked by positive signals from the public authorities that have contributed to renewed confidence among pharmacists.
        • In France, all business lines reported growth (+ 3.5%), driven by :
          • Mainly equipment sales, with a clear upturn. However, even if the trend is positive, certain segments remain cautious in terms of growth (e.g. electronic labels);
          • The success of innovative new offerings such as id.genius (540 sales in Q1), id.vocal+ (55 sales) and id.care+ ;
          • Digipharmacie (+41%), which is continuing to add new customers at a sustained pace and whose recently deployed new functionalities are driving the acceleration in growth that the Group has foreseen;
          • Atoopharm (+23%), which has benefited from the end of three-year training scheme for healthcare professionals and the anticipated substitution of biosimilars.
        • In Italy (revenue up 13.3%), the Division benefited from buoyant sales momentum (with almost 50 new customers in Q1), with a reinforced sales team that is now covering the entire country.
        • In Belgium, growth in revenue is back on track (+4.8%).
        • In Germany, revenue rose by 12.5%, driven by successful upgrades to existing software and the roll-out of innovative solutions, notably the id. express payment terminal.

    This Division accounts for 73.7% of total revenue.

    • The AXIGATE LINK Division recorded revenue of €8.3m in Q1 2025 (up 5.5% on a reported and like-for-like basis).
      • The Nursing Home sector (+11.9%) is still continuing this year to benefit from “ESMS Numérique” public funding in France, while the migration to TitanLink remains on course in both France and Belgium.
      • The Homecare sector (+6.5%) is maintaining a promising level of new business, buoyed by the signature of new contracts.
      • The Hospitals sector experienced a temporary downturn (-9.2%) reflecting the postponement of contracting cycles to Q2 2025 for a number of major agreements concluded in Q1 2025.

    This Division accounts for 14.5% of total revenue.

    • The E-CONNECT Division recorded revenue of €3.5m in Q1 2025 (up 21.2% on a reported and like-for-like basis).
      • The Division is benefiting from a significant rebound in sales of its Mobility solutions which are integrated by the market’s leading publishers.
      • The announcement in March 2025 that the French health insurance card app (Apps Vitale) will be rolled out nationwide, together with the adoption of the third-party payment system for dental check-ups at dentists, are a major catalyst for accelerating sales of electronic health insurance card readers.

            This Division accounts for 6.1% of total revenue.

    • The MEDICAL SOLUTIONS Division reported revenue of €2.7m in Q1 2025 (up 25.1% on a reported basis and nil like-for-like).
      • The driving force of this performance was the integration of CALIMED and its two SaaS software solutions for surgeons and physicians (with €0.5m in recurring revenues in Q1).
      • Sales of the traditional solutions for physicians, nurses and physiotherapists have remained stable, and are benefiting from the favourable reception given to new offerings such as the LOQUii voice AI consultation companion or online back-up solutions.

    The Division accounts for 4.7% of total revenue.

    • The FINTECH Division had revenue of €0.6m (down 8.3% on a reported and like-for-like basis) in Q1 2025.
      • This decline is the result of a decision to restructure the customer base in order to reduce the risk exposure and enhance the quality of the portfolio.
      • Sales activity remains dynamic, generating a stream of qualified prospects meeting the Group’s demanding criteria.

    The Division accounts for 1.0% of total revenue.

    H1 2025 outlook

    The investment and organisational efforts made are producing results, with the successful roll-out of SaaS solutions to all our healthcare professional customers. These efforts will be maintained throughout 2025.

    The level of orders received, particularly in the Pharmacy sector, reflects the renewed confidence of pharmacists, and enables the Group to be confident about growth in Q2, and is in line with the momentum of Q1.

    Backed by a solid financial structure, the Group remains attentive to opportunities for external growth, both in France and in Europe, that will strengthen its position as a leader in digital healthcare solutions.

    Financial calendar:

    • Annual General Meeting: 25 June 2025
    • Q2 2025 Revenue: 31 July 2025
    • H1 2025 results: 26 September 2025
    • Presentation of H1 2025 results to analysts (SFAF): 29 September 2025
    • Q3 2025 revenue: 5 November 2025
    • FY 2025 revenue: 5 February 2026

    About Equasens Group

    Founded over 35 years ago, Equasens Group, a leader in digital healthcare solutions, today employs over 1.300 people across Europe.
    Equasens Group’s specialised business applications facilitate the day-to-day work of healthcare professionals and their teams, working in private practice, collaborative medical structures or healthcare establishments. The Group also provides comprehensive support to healthcare professionals in the transformation of their profession by developing electronic equipment, digital solutions and healthcare robotics, as well as data hosting, financing and training adapted to their specific needs.
    And reflecting the spirit of its tagline “Technology for a More Human Experience”, the Group is a leading provider of interoperability solutions that improve coordination between healthcare professionals, their communications and data exchange resulting in better patient care and a more efficient and secure healthcare system.

    Listed on Euronext Paris™ – Compartment B
    Indexes: MSCI GLOBAL SMALL CAP – GAÏA Index 2020 – CAC®SMALL and CAC®All-Tradable
    Included in the Euronext Tech Leaders segment and the European Rising Tech label

    Eligible for the Deferred Settlement Service (“Service à Réglement Différé” – SRD) and equity savings accounts invested in small and mid-caps (PEA-PME).
    ISIN: FR 0012882389 – Ticker Code: EQS

    Get all the news about Equasens Group www.equasens.com and on LinkedIn

    CONTACTS

    EQUASENS Group
    Analyst and Investor Relations:
    Chief Administrative and Financial Officer: Frédérique Schmidt
    Tel: +33 (0)3 83 15 90 67 – frederique.schmidt@equasens.com

    Financial communications agency:
    FIN’EXTENSO – Isabelle Aprile

    Tel.: +33 (0)6 17 38 61 78 – i.aprile@finextenso.fr

    Forward-looking statements
    This press release contains forward-looking statements that are not guarantees of future performance and are based on current opinions, forecasts and assumptions, including, but not limited to, assumptions about Equasens’ current and future strategy and the environment in which Equasens operates. These involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements, or industry results or other events, to materially differ from those expressed in or implied by such forward-looking statements. These risks and uncertainties include those detailed in Chapter 3 “Risk factors” of the Universal Registration Document filed with the French financial market authority (Autorité des Marchés Financiers or AMF) on April 29, 2025 under number D.25-0334. These forward-looking statements are valid only as of the date of this press release.

    Attachment

    The MIL Network

  • MIL-OSI Canada: Alberta is set for a championship season

    Alberta is renowned as a premier destination for major sporting events, and the province is continuing to build upon this legacy by welcoming seven national and five international sporting events over the next three months. Together, these 12 events will bring thousands of athletes, coaches and fans to Alberta, showcasing the province’s warm hospitality, world-class facilities and stunning landscapes to the world.

    Alberta’s government has committed more than $1.2 million in Major Sport Event grant funding to help bring these elite competitions to the province. Each event will inject millions into the local economies of their host communities, as visitors support businesses in the region with dining, shopping, entertainment and accommodation bookings.

    “Twelve major sport events. Hundreds of thousands of fans. Endless Alberta pride. Hosting major sporting events in our province is about more than the competition — it’s about building on our province’s reputation as a premier destination, providing opportunities for local athletes and driving economic growth. I am thrilled to welcome these events to our province, and I encourage everyone to be a part of the excitement. Best of luck to all our Alberta athletes!”

    Joseph Schow, Minister of Tourism and Sport

    Spanning communities across Alberta and featuring diverse disciplines, from women’s hockey and judo to mountain biking and shooting, these 12 major sporting events highlight the province’s diversity and vibrancy. They also inspire the next generation of Alberta athletes by giving them a front-row seat to athletic excellence and a chance for homegrown athletes compete in front of a hometown crowd.

    “Explore Edmonton is pleased to see this provincial investment in major sporting events in Edmonton. The events are great ways to showcase Edmonton’s vibrancy, celebrate athletic talent and gather community. Major sporting events are an economic driver that demonstrate the incredible impact of the visitor economy, drawing people to Edmonton who support our hotels, restaurants, cultural experiences and attractions.”

    Traci Bednard, CEO, Explore Edmonton

    The 2025 Volleyball Canada Youth National Championships are taking place in Edmonton with support from the Major Sport Event Program. From May 9-25, the EXPO Centre will welcome over 40,000 athletes, coaches, referees and spectators as more than 1,500 teams compete for the title. These championships alone are expected to inject $53 million into the province’s economy. Other events supported through the Major Sport Event program include the 2025 Esso Cup, which wrapped up with an Edmonton Junior Oilers victory in Lloydminster, as well as the 2025 Open National Judo Championships happening in Calgary later this week.

    “We’re thrilled to bring the Youth National Championships back to Edmonton. This event not only showcases top volleyball talent but delivers a major boost to Alberta’s sport tourism sector — energizing the local economy and spotlighting the province as a premier destination for major events.”

    Sandra de Graaff, director of domestic competitions, Volleyball Canada

    “Having the opportunity to compete in my own city, with friends and family there to support me, means everything. It pushes me to be my best and persevere through the tough times. It also allows me to celebrate the wins with those who helped me get here. It’s a feeling like no other, and I’m truly grateful to the Government of Alberta for making it possible.”

    Carter Shank, athlete in volleyball Youth Nationals

    Alberta’s Major Sport Event grant program provides up to $250,000 to eligible sport events to help with costs associated with hosting national and international competitions, including facility rentals, venue enhancements, promotional and marketing campaigns, and more. More funding for world-class sport events will be announced in the coming months.

    Quick facts

    • International and national sport events funded this intake:
      • 2025 Esso Cup (hockey) – April 20-26 – Lloydminster
      • 2025 Volleyball Canada Youth National Championships – May 9-25 – Edmonton
      • 2025 Open National Championships (judo) – May 15-18 – Calgary
      • 2025 Canmore Canada Cup (mountain biking) – June 11-14 – Canmore
      • World Athletics Silver Continental Tour (Edmonton Athletics Invitational) – June 13-14 – Edmonton
      • North American Cup Series (climbing) – June 20-22 – Edmonton
      • 2025 Speedo Junior Elite National Championships (diving) – July 17-21 – Edmonton
      • 2025 U18 Women’s Football National Championship – July 17-26 – Calgary
      • FIBA 3×3 Women’s Series (basketball) – July 25-27 – Edmonton
      • FIBA 3×3 World Tour (basketball) – July 25-27 – Edmonton
      • 2025 IPSC Canadian Handgun Nationals – July 28-Aug. 3 – Taber
      • IWWF Under 21 World Waterski Championships – July 31-Aug. 3 – Foothills

    Related information

    • Major Sport Event Grant Program
    • 2025 Volleyball Canada Youth National Championships
    • For media interested in attending the Volleyball Canada Youth National Championships Media Day at noon on May 19, contact Mezi Tamrat at [email protected] for more information.

    Related news

    • She shoots, she scores! (April 17, 2025)
    • Alberta scores big with major sport events (Feb. 18, 2025)

    MIL OSI Canada News

  • MIL-OSI: OilXCoin Begins Capital Raise on Republic.com 

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, May 12, 2025 (GLOBE NEWSWIRE) — OilXCoin, the evolutionary digital asset grounded in real-world value, is proud to announce it will launch a Reg D capital raise through Republic, one of the industry’s leading platforms for compliant investment offerings. This milestone reaffirms the company’s commitment to transparency, investor protection, and broad market accessibility.

    Having secured regulatory approval for OilXCoin’s prospectus from the Financial Market Authority (FMA) in Liechtenstein, along with passporting rights across the European Economic Area (EEA), OilXCoin continues to raise the bar in real-world asset (RWA) tokenization

    By partnering with Republic, OilXCoin expands its reach across both traditional and crypto-native capital markets through a platform widely recognized for its credibility with global investor communities.

    “Partnering with Republic aligns well with our goal of delivering an asset-backed token to qualified investors as we position OilXCoin for its market entry.” said Dave Rademacher, Co-Founder of OilXCoin. “The platform is trusted by investors and has a track record of facilitating compliant, high-quality investment opportunities.” 

    OilXCoin offers investors exposure to natural gas and oil reserves and their upstream value chains. With a capped token supply and a dual revenue model that includes both natural gas & oil revenues and transaction activity within the blockchain ecosystem, OilXCoin is designed to be a resilient and scalable investment opportunity.

    This public raise builds on early momentum, with more than USD $1.7 million already secured through private placements and restricted securities sales, now providing an opportunity for accredited investors in the United States under Reg D to participate.

    “We believe OilXCoin offers something fundamentally different,” said Glenn McColpin, Head of Oil & Gas at OilXCoin. “By combining real asset backing with blockchain infrastructure – and now launching on platforms like Republic – we’re creating a new way for oil and gas reserves to be financed by investors.”

    With the tokenized asset market projected to grow exponentially, OilXCoin is well-positioned to lead in a space where demand for compliant, real-world asset exposure continues to rise.

    Follow along at x.com/oilxcoin and linkedin.com/oilxcoin to stay updated and be part of this new wave in digital, asset-backed investment.

    -ENDS-

    About OilXCoin:

    OilXCoin is a digital asset that combines the resilience of tangible real-world assets, specifically oil & gas (O&G) and their upstream value chains, with the innovation of blockchain technology, providing investors with a unique opportunity to access both the traditional O&G sector and the dynamic cryptocurrency markets.

    The token is a perpetual debt instrument that gives investors exposure to O&G assets of DeXentra GmbH. Upon a termination of the OilXCoin, holders will have a claim to a share of the (actual or estimated) net proceeds from the disposal of DeXentra GmbH’s O&G assets. The OilXCoin provides no fixed yield. The OilXCoin is issued in the form of ledger-based securities under Swiss law.

    Disclosure: Here

    Investor Notice:

    OilXCoin tokens are available solely to residents of select EEA jurisdictions* and Switzerland. U.S. persons may acquire tokens under Regulation D 506(c). Visit oilxcoin.io for further details and to view or request a copy of the prospectus for the OilXCoin.

    The information contained herein is provided for informational and discussion purposes only and is not intended to be a recommendation for any investment or other advice of any kind, and shall not constitute or imply any offer to purchase, sell, or hold any security or to enter into or engage in any type of transaction. Any such offers will only be made pursuant to formal offering materials containing full details regarding risks, minimum investment, fees, and expenses of such transaction. 

    The tokens offered hereby may be deemed to be securities under U.S. securities laws, and will be sold in the United States only to persons that qualify as “accredited investors” under an exemption provided by Rule 506(c) of Regulation D. The tokens will be subject to transfer restrictions and any U.S. investor should not assume that the tokens can be resold immediately. Neither the Securities and Exchange Commission nor any other regulatory agency has passed upon the merits of or has given its approval to the tokens, the terms of the offering, or the accuracy or completeness of any offering materials.

    *Austria, Belgium, Cyprus, Czech Republic, Denmark, France, Germany, Hungary, Ireland, Italy, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Spain and Sweden.

    Contact:

    Aroma Kumar
    Account Manager
    aroma@lunapr.io
    www.lunapr.io

    Media Notice:

    The information contained in this press release is intended solely for dissemination by media outlets to their affiliates located in the following jurisdictions: Austria, Belgium, Cyprus, Czech Republic, Denmark, France, Germany, Hungary, Ireland, Italy, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Spain, Sweden, Switzerland, and the United States of America.

    Distribution or sharing of the contents herein outside of these specified jurisdictions is strictly prohibited. Media outlets receiving this communication are responsible for ensuring compliance with this restriction and must exercise due diligence in disseminating information accordingly.

    The MIL Network

  • MIL-OSI USA: ICE arrests former Massachusetts music teacher and Filipino man for sexually exploiting children

    Source: US Immigration and Customs Enforcement

    BOSTON — U.S. Immigration and Customs Enforcement arrested a former private school music teacher and a Filipino man on charges alleging that the two produced videos depicting the sexual exploitation of minor boys in the Philippines.

    ICE Homeland Security Investigations special agents arrested Joshua DeWitte, 50, of Cambridge on May 8 and Christopher Allan Tisoy, 27, a Filipino national residing in Baltimore, Maryland on May 7. Both were charged with one count each of sexual exploitation of minors, attempt, and conspiracy.

    According to the charging documents, at the time of the alleged conduct, DeWitte was a music teacher at a local school in Massachusetts. Tisoy, a citizen of the Philippines who lawfully entered the United States in September 2024 on a H-1B Visa, is employed as a medical technologist at the Sinai Hospital of Baltimore.

    According to the charging documents, in December 2024, DeWitte was allegedly identified as the owner of a Snapchat account that uploaded a file of suspected child sexual abuse material depicting the abuse of a boy who appears to be between approximately eight and 10 years old. Records obtained from Snapchat allegedly showed that, in September 2024, DeWitte engaged in multiple conversations that were sexual in nature with users who presented themselves as minors. In those conversations, it is alleged that DeWitte requested nude pictures from the purported minors; sent pictures of his penis to the purported minors; and discussed previous and potential in-person meetups for sexual relations with minors.

    Additionally, it is further alleged that DeWitte paid, and offered to pay, another Snapchat user to obtain and produce child pornography and to recruit minor boys for himself.

    Based on that information, state law enforcement obtained a search warrant for DeWitte’s Cambridge residence in January 2025. DeWitte was then arrested and charged in Cambridge District Court with six counts of disseminating obscene material to a child, one count of distribution of material depicting a child in a sexual act and one count of possession of child pornography. He was later released on conditions.

    According to the charging documents, HSI’s forensic examination of DeWitte’s cell phone seized at the time of his January 2025 arrest allegedly revealed a Telegram conversation between DeWitte and another user in which DeWitte allegedly shared three video files and stated, “I was in the Philippines. Most of my vids are from there and that’s where I was with a 10 yo and 12. 16 yo in Japan and Korea;” and “I have a contact there…He only records vids of the boys or arranges for my visit.”

    It is alleged that a separate Telegram conversation between DeWitte and Tisoy was located on DeWitte’s phone, in which they discussed four minor boys by name and arranged for the production of videos depicting the sexual exploitation of at least two minor boys in the Philippines.

    Specifically, it is alleged that in the conversations, DeWitte and Tisoy negotiated the terms of creating sexually explicit videos involving minors, including which minors should be involved; which sex acts the minors should perform; who should film, including whether a third party or one of the minors themselves should film; what angles should be filmed; and how much DeWitte should pay Tisoy for each video. The negotiation allegedly incorporated the sexual preferences of both DeWitte and Tisoy, with both agreeing on what they would each find sexually gratifying. Tisoy then allegedly relayed instructions to the minor victims to create a video.

    DeWitte allegedly paid Tisoy for each video Tisoy produced and sent. It is alleged that, between July 3, 2023, and Dec. 27, 2024, DeWitte sent 87 PayPal payments to Tisoy, in amounts ranging from $27 to $958, to film the sexual exploitation of minors in the Philippines — totaling to approximately $23,752.

    Members of the public who have questions, concerns or information regarding this case should call 617-748-3274 or contact USAMA.VictimAssistance@usdoj.gov.

    The charge of sexual exploitation of minors, attempt, and conspiracy provides for a mandatory minimum sentence of 15 years and up to 30 years in prison, at least five years and up to a lifetime of supervised release and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    The investigation was led by HSI New England’s Child Exploitation group with valuable assistance from the Cambridge Police Department, HSI Baltimore, the Maryland Department of State Police, and the Middlesex District Attorney’s Office.

    The details contained in the charging documents are allegations. The defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

    Report suspected child exploitation to the ICE Tip Line at 866-347-2423 or through the CyberTipline on the National Center for Missing & Exploited Children’s website.

    MIL OSI USA News

  • MIL-OSI: NHK Capital Partners Introduces 10th Investment Opportunity, Travis South Industrial

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, May 12, 2025 (GLOBE NEWSWIRE) — NHK Capital Partners (NHK), a Hogan Company, today announced its tenth investment opportunity, Travis South Industrial.

    A joint venture equity investment opportunity in conjunction with Stillwater Capital (Stillwater), Travis South Industrial encompasses a two-phase, Class A industrial development featuring four buildings, totaling 576,061 square feet. The development is situated southwest of Austin, Texas, approximately 20 miles from the Tesla Gigafactory and 33 miles from the Samsung semiconductor plant. The site fronts Interstate 35, with proximity to Texas State Highway 45.

    “The continued growth of NHK reflects both the trust our investors have placed in our ability to achieve results and the legacy of strong partnerships between the Hogan Family Companies and tier-one developers like Stillwater,” said Noreen Hogan, Principal. “Reaching our tenth offering marks a significant milestone for our firm, and another unique opportunity to invest alongside the Hogan family for our growing base of investors.”

    NHK was founded with a focus on providing exclusive commercial real estate investment opportunities to clients of the Hogan Family Companies that are traditionally reserved for institutional investors, with the Hogan family financially backing each opportunity. Together, NHK, CMB Regional Centers (CMB) and Rock Island Auction Company comprise the Hogan Family Companies.

    Since its inception in 2019, NHK has successfully raised over $160 million to fund investment opportunities that span single-family rental communities, build-to-rent communities, multi-family, industrial and logistics, hospitality, and office developments.

    About NHK Capital Partners

    NHK Capital Partners (NHK) was founded by the Hogan family with a focus on providing investment opportunities in commercial real estate that were traditionally reserved for institutional investors. To learn more about NHK or Travis South Industrial, please visit the NHK website or contact us directly at info@nhkcapitalpartners.com

    The MIL Network

  • MIL-OSI: ASUS Republic of Gamers Strengthens Partnership with Team NRG

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 12, 2025 (GLOBE NEWSWIRE) — ASUS Republic of Gamers (ROG) and NRG today announced the expansion of their partnership. NRG, an American esports team, will benefit from a full range of ROG laptops, desktops, and handheld gaming devices — equipping them with leading hardware on their road to excellence and success.

    “NRG is a massive force in esports, and we’re proud to expand our partnership to include ROG’s latest laptops, handhelds, and desktops,” said Galip Fu, Director of Marketing for Systems at ROG. “We look forward to building the future of esports together, powered by innovation and the drive to win.”

    Andy Miller, co-founder and CEO of NRG, remarked, “ROG has been an exceptional partner of NRG for the last few years. We are proud to extend our relationship with ROG beyond peripherals to encompass their high-powered PCs, laptops, and handheld devices to ensure that our esports athletes have the best equipment possible to compete at the highest level.”

    Equipped for victory

    Continuing their shared commitment to performance excellence, ROG will equip NRG players with several new ROG models, including:

    • ROG Strix SCAR 18 (2025): Featuring an Intel® Core Ultra 9 275HX 2.7 GHz processor and up to a NVIDIA® GeForce RTX 5090 Laptop GPU with 24GB GDDR7 VRAM — guaranteeing top all-around performance.
    • ROG G700 (2025): Featuring an Intel Core Ultra 9 285K processor and a ROG GeForce RTX 5090 graphics card with 32GB GDDR7 VRAM — pushing performance boundaries to deliver an uncompromising gaming and creative experience.
    • ROG Ally X: Powered by the AMD Ryzen Z1 Extreme processor, this Windows handheld allows gamers to take their entire library on the go.

    Thanks to this continued collaboration, NRG team members will benefit from cutting-edge gaming hardware designed and tested to meet the demands of the highest competitive level. These devices offer unrivalled processing power, ultrahigh refresh rates, and minimal latency, guaranteeing maximum precision and responsiveness every time.

    The partnership with NRG marks a further step in ROG innovation, offering professional and amateur gamers an increasingly immersive and high-performance gaming experience.

    A commitment to the esports community

    In addition to the players’ hardware, the collaboration also includes exclusive YouTube content featuring the players and their ROG devices, allowing fans to see firsthand the success of the NRG team.

    By joining forces, ROG and NRG are sending a strong message that esports is a fast-growing, innovative sector, offering a wealth of opportunities for brands. This partnership aims to unite millions of fans around the world and offer high-impact activations, captivating content, and unique experiences.

    PRICING & AVAILABILITY

    The high-performance gear powering the NRG team — including the ROG Strix SCAR 18 (2025) laptop, ROG G700 desktop, and ROG Ally X gaming handheld — is available in multiple configurations on the ASUS Store and at select retailers.

    Please contact your local ASUS representative for further information.

    NOTES TO EDITORS

    Where to buy links:

    Team NRG: https://www.nrg.gg/pages/about

    2025 ROG Gaming Laptops: https://rog.asus.com/content/2025-rog-gaming-laptops/

    ROG Facebook: https://www.facebook.com/asusrog

    ROG X (Twitter): https://www.x.com/asus_rog

    ASUS Pressroom: http://press.asus.com

    ASUS Global Facebook: https://www.facebook.com/asus

    ASUS Global Twitter: https://www.x.com/asus

    About ROG

    Republic of Gamers (ROG) is an ASUS sub-brand dedicated to creating the world’s best gaming hardware and software. Formed in 2006, ROG offers a complete line of innovative products known for performance and quality, including motherboards, graphics cards, system components, laptops, desktops, monitors, smartphones, audio equipment, routers, peripherals and accessories. ROG participates in and sponsors major international gaming events. ROG gear has been used to set hundreds of overclocking records and it continues to be the preferred choice of gamers and enthusiasts around the world. To become one of those who dare, learn more about ROG at http://rog.asus.com.

    About Team NRG

    NRG is a professional gaming and entertainment company renowned for its championship teams and innovative gaming lifestyle content. As the highest viewed gaming organization in North America, NRG continues to lead the industry with its engaging, authentic, and original gaming content.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0bb2f2a3-997e-4564-8915-58f76dc90483

    The MIL Network

  • MIL-OSI: AnyTech365 Announces Termination of Cooperation with J. Streicher

    Source: GlobeNewswire (MIL-OSI)

    MARBELLA, Spain, May 12, 2025 (GLOBE NEWSWIRE) — AnyTech365 announces today the termination of any cooperation with J. Streicher and brings to a close our current IPO effort.

    This decision follows a period during which J. Streicher failed to deliver on key commitments and were unable to raise the capital required to move the IPO process forward. Despite extended timelines and repeated assurances, the necessary progress was not achieved.

    Additionally, recent macroeconomic headwinds have led many companies to delay or suspend IPO plans. AnyTech365 believes that continuing to pursue the public markets at this stage, particularly by seeking a replacement M&A advisor, would be misaligned with current market sentiment and investor appetite.

    We will continue to explore opportunities to raise capital that support our long-term vision. This includes accelerating AI integration across our operations and products, pursuing strategic acquisitions within the AI sector, and capitalizing on the strong pipeline of growth opportunities we have cultivated.

    AnyTech365 remains confident in its direction and the strength of its business, and we thank our stakeholders for their continued trust and support.

    About AnyTech365

    AnyTech365 is a leading European IT Security company, leveraging the latest advancements in Artificial Intelligence (AI) technology to create cutting-edge security products and services, enhance device security, and elevate the way people experience technology.

    To learn more, visit www.anytech365.com

    Contacts:
    Investor Relations & Media Contacts
    Email: investorrelations@anytech365.com

    Source: AnyTech365

    The MIL Network

  • MIL-OSI: REMINDER: Boralex will release its 2025 first quarter financial results on May 14, at 9 a.m.

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, May 12, 2025 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) announces that the release of the 2025 first quarter results will take place on Wednesday, May 14, 2025, at 9 a.m.

    Financial analysts and investors are invited to attend a conference call during which the financial results will be presented.

    Date and time

    Wednesday, May 14, 2025, at 9 a.m. ET

    To attend the conference

    Webcast link: https://edge.media-server.com/mmc/p/3nwdfvm2 

    To attend the event by phone: Click here to register for the earnings call. Once you have completed your registration, you will receive a confirmation email containing the link and your personal PIN to connect to the call. If you lose this link and your PIN, you will be able to register again. You must register if you wish to attend the call by phone.

    Media and other interested individuals are invited to listen to the conference and view a presentation which will be broadcasted live and on a deferred basis on Boralex’s website at www.boralex.com. A full replay will also be available on Boralex’s website until May 14, 2026.

    The financial information will be released through a press release and on Boralex’s website on May 14, 2025, at 7 a.m.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3.1 GW. Our pipeline of projects and growth path total over 78GW in wind, solar and electricity storage projects. We develop those projects guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.  

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook, LinkedIn and Instagram.  

    For more information

    MEDIA INVESTOR RELATIONS
    Camille Laventure
    Senior Advisor, Public Affairs and External Communications

    Boralex Inc.

    438-883-8580
    camille.laventure@boralex.com

    Stéphane Milot
    Vice President, Investor Relations and Financial Planning and Analysis

    Boralex Inc.

    514-213-1045
    stephane.milot@boralex.com

    Source: Boralex inc.        

    The MIL Network

  • MIL-OSI: Healthcare Diagnostics Sector Witnessing Significant Growth in Artificial Intelligence Based Technologies

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 12, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Artificial Intelligence (AI) is becoming more essential in the medical markets every day, it seems. AI algorithms have demonstrated the capability to analyze vast amounts of medical data, including patient records and genetic information. This efficiency allows healthcare professionals to diagnose conditions more quickly and accurately, leading to better patient outcomes. AI-powered diagnostic tools can detect subtle patterns and indicators of diseases; this offers early detection and further works on early prevention of diseases. AI systems also help in assisting healthcare professionals with valuable tools, all these factors that offer improved diagnosis process act as a driver for the market’s growth. A report from MarketsAndMarkets projected that the global AI in medical diagnostics market is forecasted to grow at a robust CAGR of 22.5%, reaching US$1.71 billion in 2024 and an impressive US$4.72 billion by 2029. The report said: “Government initiatives towards increasing Al-based technologies, access to finance for Al-based startups, big data influx, and growing cross-industry alliances and collaborations are key drivers of this market’s growth. Growth in the AI in medical diagnostics market is primarily driven by the growing demand for AI tools, increasing focus on reducing the workload of radiologists, influx of large & complex datasets, funding for AI based startups, and growing cross-industry partnerships & collaborations.” Active healthcare/tech companies active in the markets include: Avant Technologies Inc. (OTCQB: AVAI), Tempus AI, Inc. (NASDAQ: TEM), Predictive Oncology Inc. (NASDAQ: POAI), Teladoc Health, Inc. (NYSE: TDOC), GE HealthCare (NASDAQ: GEHC).

    MarketsAndMarkets continued: “Emerging countries and the increasing focus on developing human-aware AI systems are expected to offer growth opportunities in the coming years. The European AI in medical diagnostics market is projected to reach USD 4,719.3 Million by 2029 growing at a CAGR of 22.5% during the forecast period. The diagnostics sector has seen a significant growth in demand for Al-based technologies over time due to their enormous potential in medical image diagnosis. Among the benefits are enhanced imaging triage and clinical decision assistance, quicker diagnostic image analysis, and effective interpretation of the smallest data that radiologists frequently overlook. With the help of these tools, radiologists may concentrate on improving patient care rather than image interpretation. In recent years, North America held the most market share in this industry. The lack of radiologists, the rise in chronic illnesses, improved research on the ethical application of AI in diagnostic tools, and study financing are some of the factors propelling the regional market’s expansion.”

    Avant Technologies, Inc. (OTCQB: AVAI) and Ainnova Tech Begin Acquisition Talks Ahead of FDA Pre-Submission Meeting Avant Technologies, Inc. (“Avant” or the “Company”), and its JV partner, Ainnova Tech, Inc., (Ainnova), a leading healthcare technology company focused on revolutionizing early disease detection using artificial intelligence (AI), today announced the companies and their advisors have entered into negotiations for an acquisition to better compete in the rapidly changing global AI-driven healthcare industry.

    Six months ago, the two companies formed Ai-nova Acquisition Corp. (AAC) to advance and commercialize Ainnova’s technology portfolio, including its Vision AI platform and its versatile retinal cameras. During that time, the two companies completed further due diligence and focused on an opportunity to work together as one company. The Board of Directors and management team of Avant remain fully committed to executing the Company’s strategic plan, which is focused on enhancing long-term value. Leadership at Avant expects the negotiations to move forward with an acquisition of Ainnova.

    Both Avant and Ainnova agree that the time is now to solidify the relationship and move forward as one entity prior to the Company’s pre-submission meeting with the U.S. Food and Drug Administration in July for the planned clinical trial of its Vision AI platform in the early detection of diabetic retinopathy.

    Vinicio Vargas, Chief Executive Officer at Ainnova and a member of the Board of Directors of Ai-nova Acquisition Corp., said of the negotiations, “We believe bringing the two companies together will offer tremendous value for shareholders, it will simplify the process of advancing our technology to market, and it will deliver value to our customers and partners as we promote our technology portfolio globally.

    We feel the joint venture has been a success and both companies have worked well together toward a common goal, so we believe that we can be even more successful and use our resources more effectively as one company to further AI in healthcare.”

    Currently, AAC has the worldwide licensing rights for Ainnova’s technology portfolio. The licensing rights include the U.S., where the FDA regulates drug and medical device development, so both companies expect that an acquisition will unlock growth opportunities and drive sustained performance as both entities plan to interact with the FDA in July for an upcoming clinical trial working even more closely together under one banner.

    Vargas continued, “The success of our interactions with the FDA are crucial to our success in the clinic and eventually the success of marketing our technology portfolio in the United States and around the world. Entering the U.S. market will unlock significant commercial potential, and this early engagement with the FDA ensures that we can do so with speed, credibility, and a validated product.” CONTINUED… Read this and more news for Avant Technologies at: https://www.financialnewsmedia.com/news-avai/

    In other developments and happenings in the tech markets recently include:

    Tempus AI, Inc. (NASDAQ: TEM), a technology company leading the adoption of AI to advance precision medicine and patient care, has recently announced the launch of Notetaker, an AI-powered clinical assistant to aid psychiatrists in generating progress notes. Notetaker, which is available in Tempus Hub, ambiently records patient sessions to generate transcripts and clinical notes that can be seamlessly stored in patients’ electronic health records.

    Notetaker complements Tempus’ existing mental health platform designed to support clinicians in delivering personalized care. It joins other precision medicine solutions, including the Tempus nP pharmacogenomic test and PRO™, the company’s patient reported outcome solution.

    “We are excited to enhance our mental health platform with Notetaker, a tool built by clinicians, for clinicians, and thoughtfully designed to meet the unique demands of psychiatric care,” said Dr. Muneer Ali, Senior Director of Medical Affairs, Neurology and Psychiatry, at Tempus. “Notetaker eases the burden of clinical documentation, helping providers reclaim their time and streamline their workflow so they can focus on what matters most: their patients.”

    Teladoc Health, Inc. (NYSE: TDOC), the global leader in virtual care, recently announced it has acquired UpLift, an innovative and tech-enabled provider of virtual mental health therapy, psychiatry and medication management services.

    The acquisition supports the company’s strategy to further enhance its leadership position in virtual mental health, including the ability for consumers served by its BetterHelp segment to access benefits coverage for mental health services. UpLift serves the health plan market and has arrangements covering over 100 million lives, a network of over 1,500 mental health professionals, important capabilities and a talented team.

    GE HealthCare (NASDAQ: GEHC) recently announced an intended expansion of its radiation oncology portfolio as well as the introduction of the new AI-enabled MR Contour DL™ at the European Society for Therapeutic Radiology and Oncology (ESTRO) 2025 Congress in Vienna, Austria. The company will also showcase its updated Intelligent Radiation Therapy (iRT), a software solution that standardizes complex workflows, helping to enable a shorter timeline from diagnosis to treatment and more precise radiation therapy.

    According to the World Health Organization (WHO), cancer continues to be a leading cause of death worldwide, accounting for nearly ten million deaths per year. However, it is estimated that approximately one-third of these lives could be saved if cancer is detected and treated early. GE HealthCare’s solutions featured at ESTRO aim to empower healthcare professionals with advanced tools and technologies to deliver more precise care, improve timeliness and efficiency, and enhance patient outcomes.

    Renovaro Biosciences Inc., a TechBio leader focused on next-generation diagnostics, drug discovery, and genetically enhanced cancer therapies, recently provided an update regarding its Definitive Agreement with Predictive Oncology Predictive Oncology, Inc. (NASDAQ: POAI) to initiate the previously announced integration of AI/ML platform technologies, core laboratory capabilities and business development efforts in Europe and the United States.

    Renovaro entered into a binding merger agreement with Predictive Oncology, Inc. (“POI”) dated January 1, 2025, and supplemented with the Extension Agreement dated February 28, 2025 (collectively, the “Binding Agreements”). On April 3, 2025, Renovaro received an email from POI terminating the merger transaction. Renovaro’s position is that POI must comply with the binding obligations thereunder and enter into an exclusive License Agreement as required in each of the Binding Agreements. Renovaro notes that POI is in breach of the Binding Agreements and has caused substantial damage to Renovaro for which it will seek redress. Failure to enter into an exclusive License Agreement on the terms set forth in the Binding Agreement on or before April 10, 2025, will cause Renovaro to seek all its legal remedies to recover all its damages and/or seek additional remedies to fully redress the breaches.

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

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    DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM expects to be compensated forty nine hundred dollars for news coverage of the current press releases issued by Avant Technologies, Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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    SOURCE: FN Media Group

    The MIL Network

  • MIL-OSI Economics: Samsung Art Store Launches Exclusive Collection from the Art Institute of Chicago

    Source: Samsung

    Samsung Electronics is expanding the reach of world-class art by welcoming the Art Institute of Chicago to its catalog of exclusive collections on the Samsung Art Store.
    The Art Institute of Chicago is the largest Samsung Art Store collection to launch yet, with an impressive total of 49 artworks, including iconic pieces by Claude Monet, Georges Seurat, Georgia O’Keeffe, Edward Hopper and more. This collection also marks the first major art partnership to launch following the Samsung Art Store’s expansion to QLED TVs, bringing a vibrant quantum level premium visual experience to audiences.
    Founded in 1879, the Art Institute of Chicago is one of the world’s great art museums, with more than a million visitors each year experiencing the renowned collection. Now, through an exclusive partnership with the Samsung Art Store you can enjoy some of its extraordinary highlights from the comfort of your home. From celebrated Impressionist paintings to defining works of American and Modern art, each piece is meticulously rendered to bring the museum’s cultural richness directly into the home.
    Highlights from the collection include Georges Seurat’s “A Sunday on La Grande Jatte” and Marc Chagall’s “America Windows” — both widely recognizable from the classic film, Ferris Bueller’s Day Off — alongside Edward Hopper’s “Nighthawks,” Vincent van Gogh’s “Fishing in Spring, the Pont de Clichy,” Grant Wood’s “American Gothic,” and Claude Monet’s “Cliff Walk at Pourville.”
    Image: Georges Seurat. A Sunday on La Grande Jatte — 1884 (detail), 1884/86. Helen Birch Bartlett Memorial Collection.
    This collaboration also marks a major milestone for the Samsung Art Store, introducing first-ever pieces by Frank Lloyd Wright, along with works by Jules Breton, Vasily Kandinsky, and George Wesley Bellows. These additions arrive on the heels of the recent debut of Frida Kahlo’s artworks in The MoMA collection and reflect Samsung’s ongoing commitment to expanding access to more artists.
    “At the Art Institute of Chicago, we are deeply intentional about how our collection is experienced by visitors and art enthusiasts from around the world,” said Michael Neault, associate vice president and executive creative director at the Art Institute of Chicago. “Samsung shares our dedication to both excellence and accessibility and this collaboration allows us to lean into today’s innovation and extend the reach of some of the world’s most significant art.”

    The Samsung Art Store continues to meet the moment in this growing market, making exclusive partnerships for modern and contemporary artworks the focus of its acquisition strategy. Paired with The Frame’s award-winning display—designed to reduce glare and mimic canvas texture—and the recent expansion to 2025 Samsung Neo QLED 8K, 4K and QLED models, Samsung is providing an unparalleled digital art experience.
    “The collaboration with the Art Institute of Chicago exemplifies our commitment to expanding access to and discovery of fine art to a global audience at scale,” said Maya Harris, Vice President of Business Development and Strategic Partnerships at Samsung. “The Art Institute of Chicago joins the seminal Art Basel and The Museum of Modern Art as exclusive collections only available on the Samsung Art Store. We are not only building a vast and unmatched library of incredible world-class art but also amplifying the world’s most important institutions and making them widely accessible through a medium we are proud to have pioneered.”

    MIL OSI Economics

  • MIL-Evening Report: PSNA says broadcast ruling a warning to NZ news media to be wary of ‘Israeli propaganda’

    Asia Pacific Report

    A decision by the Broadcasting Standards Authority to uphold a complaint against a 1News broadcast last November is a warning to news media, says the Palestine Solidarity Network Aotearoa.

    The authority ruled that a TVNZ news item on violence in Amsterdam in the Netherlands breached BSA rules.

    1News described violence in the streets of Amsterdam on November 7 and 8 following a soccer match as “disturbing” and ‘antisemitic’ and stated the graphic video of beatings were Maccabi Tel Aviv fans under attack just for being Jewish.

    Videographers who took the footage which 1News had used, complained to their news agencies that this description was wrong. The violence had been perpetrated by the Israeli Maccabi Tel Aviv fans against those they suspected of being Arab or supporters of Palestine.

    The visiting Israelis were the attackers — not the victims, said the PSNA statement, as widely reported by global media correcting initial reports.

    Before the match these same Maccabi fans had gathered in large groups to chant “Death to Arabs” — a racist genocidal chant which if used with the races reversed (“Arabs” replaced by Jews”) “would have been rightly condemned in purple prose by Western news media such as TVNZ”, said PSNA co-chair John Minto in the statement.

    “But no such sympathy for Palestinians or Arabs,” he added.

    Requested broadcast correction
    PSNA said in its statement that it had immediately requested that TVNZ broadcast a correction. TVNZ refused, though admitting they had got the story wrong.

    PSNA then referred a complaint to the BSA which upheld the complaint as failing to meet the accuracy standard.

    Minto said in the statement that the BSA decision should be seen as a warning to news media to be aware that Israel was using “fabricated charges of antisemitism, to justify and divert attention from its genocide in Gaza and silence its critics”.

    “Just because [Israeli Prime Minister] Benjamin Netanyahu and the then US President Joe Biden made statements turning Amsterdam attackers into victims, doesn’t mean TVNZ news should automatically parrot them,” Minto said.

    “That’s effectively what the BSA concluded.”


    Framing violence: How Israel shaped the narrative and the impact on Dutch politics   Video: Al Jazeera

    Minto also pointed to what he called a recent fabricated hysteria about antisemitism in Sydney, which the New South Wales police found to be completely based on hoaxes by a criminal gang.

    “In the US, Trump is using the same charge as an excuse to close down university courses and expel anyone who protests against the Israeli genocide in Gaza,” Minto said.

    “Of course, we strongly condemn the real antisemitism of anti-Jewish, Nazi-type Islamophobic groups,” Minto says.

    Call for media ‘self education’
    “It should be easy for professional reporters and editors to tell the difference between criticism of Israeli apartheid, ethnic cleansing and violence on one hand, and on the other hand Nazis and their fellow travellers who condemn Jews because they are Jews.

    “The BSA is, in effect, demanding the news media educate themselves.”

    In a half-hour report on 16 November 2024 headlined “Media bias, inaccuracy and the violence in Amsterdam”, Al Jazeera’s global mediawatch programme The Listening Post said “one night of violence revealed … Western media’s failings on Israel and Palestine”.

    “In the wake of an ugly eruption of violence on the streets of Amsterdam, the media coverage of the story [was] put under the microscope with editors scrambling to revise headlines, rework narratives, and reframe video content.”

    In an investigative documentary, The Full Report, on 22 January 2025, Al Jazeera’s Dutch correspondent Step Vaessen reported how Israel had framed the violence, shaped the narrative, manipulated the global media, and impacted on Dutch politics.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: Best Crypto Casinos: JACKBIT Rated #1 As Top Crypto Casino With Instant Payouts, No KYC, & Provably Fair Games

    Source: GlobeNewswire (MIL-OSI)

    OKLAHOMA CITY, May 12, 2025 (GLOBE NEWSWIRE) — We tried plenty of online casinos—limited games, tiny bonuses, clunky layouts. Then we found JACKBIT, one of the best crypto casinos around. It greets you with a generous welcome bonus, pays out instantly in crypto, and offers hundreds of games. Voted the best crypto casino of 2025 by iGaming experts, JACKBIT delivers a smooth, secure experience for players.

    GRAB YOUR WELCOME BONUS AND START WINNING AT JACKBIT

    “Our mission is to help players find a safe and rewarding platform,” said a panel expert. “JACKBIT stands out as the best crypto casino due to its seamless user experience, extensive game variety, and commitment to player privacy.”

    A Deep Dive into JACKBIT’s Excellence

    The selection of JACKBIT as the best crypto casinos was based on a thorough review of key player-focused criteria:

    • Licensing and Regulation
    • Game Variety and Quality
    • Bonuses and Promotions
    • Payment Flexibility and Speed
    • Security and Fair Play
    • Mobile Gaming Experience
    • Customer Support Quality
    • Sportsbook Features
    • Responsible Gambling Tools
    • No-KYC Benefits

    This comprehensive evaluation confirmed JACKBIT as a trusted online casino that excels in every aspect, making it a top choice for crypto gamblers worldwide.

    Why JACKBIT is the Best Crypto Casino

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    JACKBIT operates under a Curacao Gaming License, a respected credential in the crypto gambling industry. This license ensures adherence to fair play and security standards, with regular audits to maintain transparency. While some players may prefer stricter licenses like those from Malta or the UKGC, the Curacao framework allows JACKBIT to serve a global audience, solidifying its status as a safe online casino.

    Game Variety and Quality

    JACKBIT’s game library is a major reason it’s hailed as the best crypto casino. With over 7,000 titles from 85 top providers, including NetEnt, Microgaming, Evolution Gaming, and Pragmatic Play, the platform caters to all preferences. The offerings include:

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    This extensive selection ensures JACKBIT remains the best bitcoin casino for players seeking variety and quality.

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    JACKBIT’s promotional offers are a key factor in its ranking as the best instant withdrawal casino. New players are greeted with a 30% Rakeback and 100 free spins wager-free on their first deposit. Ongoing promotions include:

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    These bonuses are designed with fair terms, ensuring players get maximum value. JACKBIT’s creative promotions make it a standout in the crypto casino space.

    SIGN UP AT JACKBIT NOW AND CLAIM 30% RAKEBACK + 100 FREE SPINS

    How to Get Started with JACKBIT

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    Payment Flexibility and Speed

    As an instant payout casino, JACKBIT supports over 17 cryptocurrencies, including Bitcoin, Ethereum, Tether, Solana, Ripple, and Dogecoin. Crypto transactions are instant and fee-free, providing unmatched convenience. Traditional banking options include:

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    With high withdrawal limits (up to $10,000 weekly) and robust SSL encryption, JACKBIT ensures secure and flexible banking, reinforcing its position as the best crypto casino.

    Security and Fair Play

    Security is a top priority at JACKBIT, a trusted online casino. The platform employs SSL encryption and blockchain technology to safeguard player data and transactions. Provably fair games and Random Number Generators (RNGs) ensure unbiased outcomes, making JACKBIT one of the safest online casinos. The no-KYC policy enhances privacy, offering instant withdrawal and no verification while maintaining trust.

    Mobile Gaming Experience

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    Customer Support Quality

    JACKBIT, the new crypto casino, offers 24/7 live chat support in multiple languages, including English, German, French, and Spanish. The team is highly responsive, resolving queries within minutes. Email support and a comprehensive FAQ section provide additional resources. Player feedback highlights the support team’s professionalism, cementing JACKBIT’s reputation as a trusted online casino.

    Sportsbook Features

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    Responsible Gambling Tools

    JACKBIT prioritizes player well-being with tools like deposit limits, self-exclusion, reality checks, and links to organizations like GamCare and Gambling Therapy. These features ensure a safe and enjoyable experience, aligning with the standards of safe online casinos.

    No-KYC Benefits

    The no-KYC policy is a game-changer, allowing players to enjoy instant withdrawal and no verification while maintaining anonymity. This feature, combined with fast crypto payouts, makes JACKBIT the best instant withdrawal casino for privacy-conscious players.

    What Sets JACKBIT Apart

    JACKBIT distinguishes itself as the best crypto casino through several unique advantages:

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    UNLOCK INSTANT PAYOUTS AND TOTAL PRIVACY AT JACKBIT NOW!

    JACKBIT’s VIP and Loyalty Program

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    Community Engagement and Social Features

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    This engagement creates a dynamic and interactive experience, making JACKBIT a top choice for players seeking the best bitcoin casino.

    Exploring JACKBIT’s Game Categories in Depth

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    • Table Games: Strategy and Skill

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    JACKBIT’s live dealer section, powered by Evolution Gaming and Pragmatic Play, delivers an authentic casino atmosphere. Live Blackjack and Live Roulette offer multiple tables for all budgets, while game shows like Dream Catcher and Mega Wheel add interactive fun. High-definition streaming and real-time chat create an immersive experience, making JACKBIT a leader among safe online casinos.

    • Sportsbook: Betting Beyond the Casino

    JACKBIT’s sportsbook is a major draw, covering traditional sports like football and basketball, as well as niche options like cricket and e-sports. With 82,000+ live events and 4,500+ betting types, players can wager on everything from moneylines to prop bets. Live streaming for select events enhances the experience, making JACKBIT the best crypto casino for sports betting enthusiasts.

    • Specialty Games: Casual Fun

    JACKBIT’s specialty games cater to players seeking low-stakes entertainment. Bingo titles like Shamrock Bingo and Burning Pearl Bingo offer quick play, while scratch cards provide instant-win thrills. Crypto-friendly mini-games like Aviator and Plinko are popular for their simplicity and high RTPs, adding diversity to the best instant withdrawal casino.

    • Virtual Sports: 24/7 Action

    Virtual sports at JACKBIT include simulated events like virtual football and horse racing, powered by advanced algorithms for realistic graphics and quick results. Available 24/7, these games offer constant betting opportunities, making JACKBIT a versatile platform for all types of gamblers.

    EXPERIENCE 7,000+ GAMES AT JACKBIT NOW

    The Future of Crypto Gambling with JACKBIT

    Since its launch in 2022, JACKBIT has rapidly become a frontrunner in the crypto gambling industry. Its focus on innovation, such as integrating 17+ cryptocurrencies and offering provably fair games, positions it as a trailblazer. The no-KYC policy and instant payouts cater to the growing demand for privacy and speed, ensuring JACKBIT remains the best crypto casino for years to come.

    As the crypto gambling market evolves, JACKBIT is poised to stay ahead by expanding its game library, introducing new promotions, and enhancing its platform. The casino’s commitment to player satisfaction and responsible gambling makes it a reliable choice for both new and experienced players.

    Comparing JACKBIT to Competitors

    To understand why JACKBIT is the best crypto casino, it’s worth comparing it to other leading platforms:

    • Game Library: While competitors like BitStarz and Stake offer large game selections, JACKBIT’s 7,000+ titles and 85 providers provide unmatched variety.
    • No-KYC Policy: Unlike many casinos requiring identity verification, JACKBIT’s no-KYC approach ensures instant withdrawal and no verification, a rare feature.
    • Payout Speed: JACKBIT’s instant crypto payouts surpass platforms with slower processing times, making it the best instant withdrawal casino.
    • Bonuses: JACKBIT’s 30% Rakeback and weekly giveaways offer more value than standard deposit matches found elsewhere.

    These advantages highlight why JACKBIT leads the pack as the best bitcoin casino.

    Tips for Maximizing Your JACKBIT Experience

    To get the most out of JACKBIT, consider these tips:

    • Claim All Bonuses: Start with the welcome offer and stay active to unlock weekly giveaways and VIP rewards.
    • Explore the Game Library: Try different categories, from slots to live dealer games, to find your favorites.
    • Use Cryptocurrencies: Crypto deposits and withdrawals are faster and fee-free, enhancing your experience at this instant payout casino.
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    These strategies will help you enjoy the full potential of the best crypto casino.

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    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/31263d1d-2af2-4fc3-b3a0-0f9631b86b98

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b80e34ef-a073-4410-a4e6-5b9e57a5bf9d

    The MIL Network

  • MIL-OSI: Brag House, in partnership with Florida Gator Athletics and Learfield’s Florida Gators Sports Properties, Launches the Inaugural “Brag Gators Gauntlet” Series Baseball Edition at the University of Florida – A tournament Featuring Fortnite ahead of the Florida vs. Alabama Baseball Game

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) — Brag House Holdings, Inc. (NASDAQ: TBH) (“Brag House” or the “Company”), the premier Gen Z engagement platform that operates at the intersection of gaming, college sports, and social interaction, today announced the launch of the ‘Brag Gators Gauntlet’ Series – Baseball Edition, a high-impact, single-day tournament Featuring Fortnite hosted in collaboration with Florida Gators Athletics and Learfield’s Florida Gators Sports Properties.

    This landmark activation is the first in a nationwide rollout stemming from Brag House’s strategic partnership roadmap that was announced on April 28, 2025, and reaffirmed in the Company’s recently filed Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The Brag Gators Gauntlet is designed to fuse the passion of college sports, starting with college baseball, and the cultural power of gaming, in a way that only Brag House can deliver – by bringing students, alumni, and brands together in real time through interactive and gamified experiences.

    “This isn’t just a tournament – it’s a gamified digital tailgate, a new way for Gen Z to rally around their school,” said Lavell Juan Malloy II, CEO and Co-Founder of Brag House. “With Learfield and Florida Gators Athletics, we’re redefining what it means to be a fan – empowering students and alumni to play, brag, and win as an essential part of the college sports experience.”

    Tournament Details

    • Name: Brag Gators Gauntlet – Baseball Edition
    • Date, Time and Place: Saturday, May 17, 2025 | 12:00 PM – 4:00 PM EST | Online
      Format: Fortnite No-Build, Solos, Battle Royale (private lobbies) – 4 rounds (heats) leading to a final heat
    • Eligibility: Open to current students and alumni from both the University of Florida and the University of Alabama
    • Live Broadcast: Activation will be streamed live on the Brag House platform with casters, play-by-play in-game analysis, and other interactive elements

    The tournament will serve as a lead-in to the highly anticipated Florida vs. Alabama college baseball game, further aligning digital and physical campus events into a cohesive fan experience.

    Beyond the Game

    The Brag Gators Gauntlet reflects Brag House’s larger mission: to build a new digital sports medium tailored to Gen Z by merging college athletics with competitive, casual gaming. It also continues the Company’s focus on NIL-integrated content, loyalty token rewards, and data-rich experiences that enable brands to engage authentically with hyper-targeted college communities.

    “With every activation, we are not only creating entertainment – we’re generating insights, building brand equity, and delivering measurable ROI for our partners,” added Malloy.

    What’s Next

    Following this activation, Brag House and Learfield plan to replicate the Brag Gauntlet model across additional campuses in 2025 and beyond, with the goal of establishing an enduring layer of Gen Z engagement within the college sports ecosystem.

    About Brag House
    Brag House is a leading media technology gaming platform dedicated to transforming casual college gaming into a vibrant, community-driven experience. By seamlessly merging gaming, social interaction, and cutting-edge technology, the Company provides an inclusive and engaging environment for casual gamers while enabling brands to authentically connect with the influential Gen Z demographic. The platform offers live-streaming capabilities, gamification features, and custom tournament services, fostering meaningful engagement between users and brands. For more information, please visit www.braghouse.com.

    About Learfield
    Learfield is the leading media and technology company powering college athletics. Through its digital and physical platforms, Learfield owns and leverages a deep data set and relationships in the industry to drive revenue, growth, brand awareness, and fan engagement for brands, sports, and entertainment properties. With ties to over 1,200 collegiate institutions and over 12,000 local and national brand partners, Learfield’s presence in college sports and live events delivers influence and maximizes reach to target audiences. With solutions for a 365-day, 24/7 fan experience, Learfield enables schools and brands to connect with fans through licensed merchandise, game ticketing, donor identification for athletic programs, exclusive custom content, innovative marketing initiatives, NIL solutions, and advanced digital platforms. Since 2008, it has served as title sponsor for the acclaimed Learfield Directors’ Cup, supporting athletic departments across all divisions.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, including, but not limited to, the execution and prospects of the Brag Gators Gauntlet and Brag House’s and Learfield’s plan to expand the Brag Gauntlet model. For a full discussion of these risks, please refer to Brag House’s SEC filings.

    Media Contact:
    Fatema Bhabrawala
    Director of Media Relations
    fbhabrawala@allianceadvisors.com

    Investor Relations Contact:
    Adele Carey
    VP, Investor Relations
    ir@thebraghouse.com

    The MIL Network

  • MIL-OSI: LIS Technologies Inc. Appoints Ryan Norton as its Senior Mechanical Design Engineer

    Source: GlobeNewswire (MIL-OSI)

    Oak Ridge, Tennessee, May 12, 2025 (GLOBE NEWSWIRE) — LIS Technologies Inc. (“LIST” or “the Company”), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that Ryan Norton has joined the Company as its Senior Mechanical Design Engineer.

    Ryan Norton is an engineer with a background in mechanical and optomechanical design and analysis for both R&D and commercial products. His experience spans research, design and analysis of downhole drilling and laser tools, surface equipment and electronics packaging for space.

    Figure 1 – LIS Technologies Inc. Appoints Ryan Norton as its Senior Mechanical Design Engineer.

    During his time at Foro Energy, Ryan played a pivotal role in developing high-power laser tools for the energy sector. He led the design and testing of various groundbreaking optomechanical systems like the world’s first high power optical slip ring and novel hard rock laser drilling systems using both gases and fluids. He also worked on various other technologies such as high-performance nozzles, fiber optic connectors and high-pressure laser windows. His work has resulted in multiple patents related to high-power laser energy transfer and drilling technologies.

    Ryan holds a B.S. in Engineering with a Mechanical concentration and a minor in Mathematics from LeTourneau University.

    “It is a pleasure to welcome Ryan to LIS Technologies at this key junction,” said Christo Liebenberg, CEO and Co-Founder of LIS Technologies Inc. “His expertise will be instrumental as we move into the next phases of CRISLA development, and he will play a key part in facilitating the demonstration activities essential to CRISLA’s growth and expansion.”

    In his role, Ryan will support the development of mechanical solutions that drive advancement in the Company’s proprietary CRISLA-3G laser isotope separation technology, which was recently evaluated and determined to meet all elements required for a Technology Readiness Level (TRL) of 4.

    “LIS Technologies is broadening its capabilities and assembling a team equipped with the knowledge and expertise to be a leading innovator in the space,” said Jay Yu, Executive Chairman and President of LIS Technologies Inc. “Engaging key professionals like Ryan is vital to sustaining our growth trajectory and I welcome him to the team.”

    About LIS Technologies Inc.

    LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared lasers to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific research, and applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs and industry professionals, possessing strong relationships with government and private nuclear industries.

    In Dec 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million.

    For more information please visit: LaserIsTech.com

    For further information, please contact:

    Email: info@laseristech.com

    Telephone: 800-388-5492

    Follow us on X Platform

    Follow us on LinkedIn

    Forward Looking Statements

    This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. For LIS Technologies Inc., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network

  • MIL-OSI: Gabelli Funds to Host 17th Annual Media & Entertainment Symposium Thursday, June 5, 2025

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., May 12, 2025 (GLOBE NEWSWIRE) — Gabelli Funds will host its 17th Annual Media & Entertainment Symposium at the Harvard Club in New York City on Thursday, June 5, 2025. The symposium will feature discussions with leading companies and organizations across the media ecosystem, with an emphasis on industry dynamics, current trends, and business fundamentals, as well as Sports Investing, Media & Telecom Regulatory, and Advertising Panels. Attendees will also have the opportunity to meet with management in a one-on-one setting. For those who cannot attend in person, the symposium will also be available via webcast. Investors should contact their relationship person for more information or click on the link below to register.

    Presenting Companies 1×1 Meetings Only
    Atlanta Braves Holdings, Inc. (NASDAQ: BATRA/K) AMC Networks (NASDAQ: AMCX)
    Lionsgate Studios (NASDAQ: LION) Churchill Downs (NASDAQ: CHDN)
    Nexstar Media Group (NASDAQ: NXST) Genius Sports (NYSE: GENI)
    Reservoir Media, Inc. (NASDAQ: RSVR) Gray Television (NYSE: GTN/’A)
    Rogers Communications (TSX: RCI A/B, NYSE: RCI) Live Nation Entertainment (NYSE: LYV)
    Ryman Hospitality Properties (NYSE: RHP) Madison Square Garden (NYSE: MSGS/E, SPHR)
    Sinclair Inc. (NASDAQ: SBGI) Sportradar Group (NASDAQ: SRAD)
    TEGNA Inc. (NYSE: TGNA) TKO Group (NYSE: TKO)
    The E.W. Scripps Company (NASDAQ: SSP)  
       
    Panel Discussions  
    Sports Investing: Ways to Play  
    TV Bureau of Advertising (TVB) Panel  
    Media & Telecom Regulatory Expert Session  
    with Former FCC Commissioner, Rob McDowell  
       

    The Harvard Club, New York City
    Thursday, June 5, 2025

    Conference Registration: CLICK HERE

    Contact
    General Inquiries

    Isabella DeLuca
    Client Relations
    P: 914-921-5101
    E : ideluca@gabelli.com

    Sadie Keating
    Marketing Associate
    P: 914-921-5107
    E : skeating@gabelli.com

    Portfolio Management / Research Team

    Christopher Marangi
    Co-CIO, Value
    P: 914-921-5219
    E: cmarangi@gabelli.com

    Hanna Howard
    Portfolio Manager
    P: 914-921-5015
    E: hhoward@gabelli.com

    Sergey Dluzhevskiy, CFA, CPA
    Portfolio Manager
    P: 914-921-8355
    E: sdluzhevskiy@gabelli.com

    Gabelli Funds, LLC is a registered investment adviser with the Securities and Exchange Commission and is a wholly owned subsidiary of GAMCO Investors, Inc.

    The MIL Network

  • MIL-OSI United Kingdom: Call for more foster carers

    Source: Scottish Government

    Helping children grow and thrive.

    A new national recruitment campaign to help find more foster carers has been launched by First Minister John Swinney.

    The Scottish Government campaign, which was announced at John Lewis in Edinburgh to mark the start of Foster Care Fortnight, aims to support the recruitment of more Local Authority foster carers. The Fostering Network estimates that Scotland needs at least 400 additional foster carers, and this campaign seeks to raise awareness of the benefits of fostering and encourage people across the country to consider if they could support a child or young person in the care system.

    John Lewis – a key campaign partner –  are a foster friendly employer providing extra support to employees who are foster carers, something the Scottish Government has recently introduced to its own staff. The company also run a Care Experienced internship which supports hundreds of young people with care experience to get work experience.

    The campaign will be running in May and June, with a new website and an advice line for anyone interested in finding out more.

    As he met foster carers at the new campaign launch, the First Minister said:

    “Foster carers play a vital role supporting and providing safe and loving foster homes to children and young people. They are key to our ambition of delivering The Promise by 2030.

    “Across Scotland, foster carers provide stability, care and connection to support children and young people to thrive.

    “Our campaign importantly focuses on how the everyday ‘ordinary’ can be extraordinary for a child in foster care. Fostering can be transformational for a child or young person and by stepping forward, foster carers offer not just a home, but the relationships and support that help shape brighter futures.”

    Anne Currie, Assistant Director for Scotland at The Fostering Network, said:

    “We welcome the launch of the Scottish Government’s national campaign to recruit foster carers, and we’re proud to back this initiative by providing additional support to our Fosterline service to specifically manage enquiries.

    “We hope this leads to more people stepping forward to become foster carers in Scotland, and raises awareness of the vital role fostering plays. The need has never been more urgent – as over 350 foster carers leave each year, it’s critical that we take action now.”

    Ceira Thom, Head of Learning, Inclusion and Belonging at the John Lewis Partnership, said:

    “At the John Lewis Partnership, we believe that every child deserves a safe, loving home where they can grow and flourish. 

    “As the UK’s largest Fostering Friendly employer, we’re proud to support this vital campaign and to help raise awareness of the life-changing role foster carers play in young people’s lives.”

    Background

    Fostering is open to people of all ethnicities, religions, sexual orientations, genders, and family structures. Foster carers do not need any specific qualifications, and don’t need to have children of their own.

    The ‘Ordinary can be extraordinary for a child in foster care’ campaign runs for four weeks across TV, video on demand, radio and press, and for seven weeks across digital channels.

    More information on becoming a foster carer can be found at www.gov.scot/fostercare

    MIL OSI United Kingdom