NewzIntel.com

Category: Finance

  • MIL-OSI Security: West Tennessee Gang Member Sentenced for Possession of a Machinegun

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    Jackson, TN – A federal judge has sentenced Mekevin Woods, 23, of Bolivar, Tennessee, to 38 months in federal prison for possessing a machinegun conversion device, also known as a “switch.” Interim U.S. Attorney Joseph C. Murphy, Jr. announced the sentence today.

    According to evidence presented in court, on December 23, 2023, an officer with the Bolivar Police Department (BPD) attempted a traffic stop of a gray 2022 Infiniti Q60.  When the driver refused to stop, he led the BPD officer on a high-speed pursuit reaching speeds of 80 miles per hour in a 25 mile per hour zone. Finally, Woods, the driver and sole occupant of the vehicle, traveled into oncoming traffic, jumped from the vehicle, and fled on foot. While fleeing, the officer observed Woods with a firearm in his right hand.

    Officers with the Bolivar Police Department ultimately arrested Woods with the assistance of a K-9 unit and located a Glock handgun loaded with 32 rounds in an extended magazine with a machinegun conversion device attached to the firearm. Officers also determined the vehicle was stolen out of Memphis. Woods was identified as a member of the TMO 45 gang, a hybrid street gang comprised of both adult and juvenile members, that is involved in firearms and narcotics trafficking and is responsible for several shooting incidents in the Fayette and Hardeman County area.

    The case was investigated by the Bureau of Alcohol, Tobacco, Firearms, and Explosives; the Federal Bureau of Investigation, Jackson Resident Agency; and the Bolivar Police Department.

    Assistant United States Attorney Christie Hopper prosecuted this case on behalf of the government.

    ###

    For more information, please contact the Media Relations Team at USATNW.Media@usdoj.gov. Follow the U.S. Attorney’s Office on Facebook or on X at @WDTNNews for office news and updates.

    MIL Security OSI –

  • MIL-Evening Report: Uganda’s ride-hailing motorbike service promised safety – but drivers are under pressure to speed

    Source: The Conversation (Au and NZ) – By Rich Mallett, Research Associate and Independent Researcher, ODI Global

    Motorcycle-taxis are one of the fastest and most convenient ways to get around Uganda’s congested capital, Kampala. But they are also the most dangerous. Though they account for one-third of public transport trips taking place within the city, police reports suggest motorcycles were involved in 80% of all road-crash deaths registered in Kampala in 2023.

    Promising to solve the safety problem while also improving the livelihoods of moto-taxi workers, digital ride-hail platforms emerged a decade ago on the city’s streets. It is no coincidence that Uganda’s ride-hailing pioneer and long-time market leader goes by the name of SafeBoda.

    Conceived in 2014 as a “market-based approach to road safety”, the idea is to give riders a financial incentive to drive safely by making digital moto-taxi work pay better. SafeBoda claimed at the time that motorcyclists who signed up with it would increase their incomes by up to 50% relative to the traditional mode of operation, in which riders park at strategic locations called “stages” and wait for passengers.

    In the years since, the efforts of SafeBoda and its ride-hail competitors to bring safety to the sector have largely been deemed a success. One study carried out in 2017 found that digital riders were more likely to wear a helmet and less likely to drive towards oncoming traffic. Early press coverage was particularly glowing, while recent academic studies continue to cite the Kampala case as evidence that ride-hailing platforms may hold the key to making African moto-taxi sectors a safer place to work and travel.



    Read more:
    Ride-hailing in Lagos: algorithmic impacts and driver resistance

    Is it all as clear-cut as this? In a new paper based on PhD research, I suggest not. Because at its core the ride-hail model – in which riders are classified as independent contractors who do poorly paid “gig work” rather than as wage-earning employees – undermines its own safety ambitions.

    Speed traps

    In my study of Kampala’s vast moto-taxi industry – estimated to employ hundreds of thousands of people – I draw on 112 in-depth interviews and a survey of 370 moto-taxi riders to examine how livelihoods and working conditions have been affected by the arrival of the platforms.

    To date, there has been only limited critical engagement with how this change has played out over the past decade. I wanted to get beneath the big corporate claims and alluring platform promises to understand how riders themselves had experienced the digital “transformation” of their industry, several years after it first began.



    Read more:
    Kenya’s ride-hailing drivers say their jobs offer dignity despite the challenges

    One of the things I found was that, from a safety perspective, the ride-hail model represents a paradox. We can think of it as a kind of “speed trap”.

    On one hand, ride-hail platforms try to moderate moto-taxi speeds and behaviours through managerial techniques. They make helmet use compulsory. They put riders through road safety training before letting them out onto the streets. And they enforce a professional “code of conduct” for riders.

    In some cases, companies also deploy “field agents” to major road intersections around the city. Their task is to monitor the behaviour of riders in company uniform and, should they be spotted breaking the rules, discipline them.

    On the other hand, however, the underlying economic structure of digital ride-hailing pulls transport workers in the opposite direction by systematically depressing trip fares and rewarding speed.

    Under the “gig economy” model used by Uganda’s ride-hail platforms, the livelihood promise hangs not in the offer of a guaranteed wage but in the possibility of higher earnings. Crucially, it is a promise that only materialises if riders are able to reach and maintain a faster, harder work-rate throughout the day – completing enough jobs that pay “little money”, as one rider put it, to make the gig-work deal come good. Or, as summed up by another interviewee:

    We are like stakeholders, I can say that. No basic salary, just commission. So it depends on your speed.

    We already know from existing research that the gig economy places new pressures on transport workers to drive fast and take risky decisions. This is especially the case for workers on low, unsteady pay and without formal safety nets.

    And yet, it is precisely these factors that routinely lead to road traffic accidents. Extensive research from across east Africa has shown that motorcycle crashes are strongly associated with financial pressure and the practices that lead directly from this, such as speeding, working long hours and performing high-risk manoeuvres. All are driven by the need to break even each day in a hyper-competitive informal labour market, with riders compelled to go fast by the raw economics of their work.

    Deepening the pressure

    Ride-hail platforms may not be the reason these circumstances exist in the first place. But the point is that they do not mark a departure from them.

    If anything, my research suggests they may be making things worse. According to the survey data, riders working through the apps make on average 12% higher gross earnings each week relative to their analogue counterparts. This is because the online world gets them more jobs.

    But to stay connected to that world they must shoulder higher operating costs, for: mobile data (to remain logged on); fuel (to perform more trips); the use of helmets and uniforms (which remain company property); and commissions extracted by the platform companies (as much as 15%-20% per trip).

    As soon as these extras are factored in, the difference completely disappears. The digital rider works faster and harder – but for no extra reward.

    Rethinking approaches to safety reform

    Ride-hail platforms were welcomed onto the streets of Kampala as an exciting new solution to unsafe transport, boldly driven by technological innovation and “market-based” thinking.



    Read more:
    Uganda’s speedy motorbike taxis will slow down for cash – if incentives are cleverly designed

    But it is important to remember that these are private enterprises with a clear bottom line: to one day turn a profit. As recent reports and my own thesis show, efforts to reach that point often alienate and ultimately repel the workers on whom these platforms depend – and whose livelihoods and safety standards they claim to be transforming.

    A recent investment evaluation by one of SafeBoda’s first funders perhaps puts it best: it is time to reframe ride-hailing as a “risky vehicle” for safety reform in African cities, rather than a clear road to success.

    Rich received funding for this research from the UK’s Economic and Social Research Council (ESRC).

    – ref. Uganda’s ride-hailing motorbike service promised safety – but drivers are under pressure to speed – https://theconversation.com/ugandas-ride-hailing-motorbike-service-promised-safety-but-drivers-are-under-pressure-to-speed-259310

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Earn Daily Passive Crypto Income Without Hardware Using BAY Miner

    Source: GlobeNewswire (MIL-OSI)

    Atlanta, Georgia, July 02, 2025 (GLOBE NEWSWIRE) — Traditional cryptocurrency mining usually requires expensive equipment, a lot of electricity, and complex technical settings, which discourages many investors. BAY Miner is changing this situation by launching a convenient and efficient cloud mining solution that allows Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Dogecoin (DOGE) holders to earn passive crypto income every day without purchasing mining machines.

    The equipment-free cloud mining model provided by BAY Miner enables users to participate in daily income directly online, and can easily obtain stable crypto returns regardless of mining experience. For cryptocurrency investors who want to obtain stable cash flow in volatile markets, BAY Miner provides a worry-free, power-saving, and sustainable passive income method, while supporting flexible contracts and daily withdrawals to make funds flow more freely.

    With advanced security, transparent daily income, and a user-friendly mining dashboard, BAY Miner has become an important choice for crypto investors in the United States and around the world seeking stable income and low-threshold investment, helping users capture the rising dividends of BTC, ETH, XRP, and DOGE markets without incurring high costs and complex operation and maintenance risks.

    Advantages and features of BAY Miner
    BAY Miner provides a safe, simple and profitable cloud mining experience suitable for both new and experienced investors.
    – Enhanced security: The platform integrates McAfee® and Cloudflare® to ensure account security;
    – Zero hidden fees: Transparent operations, no hidden management fees;
    – 24/7 support and normal operation: Provide 100% uptime and 24/7 customer service support;
    – Multi-currency support: Support BTC, ETH, SOL, XRP, DOGE and other cryptocurrency mining;
    – Free experience and daily income: Sign up to get $15 mining experience, earn $0.60 for free every day, passive income without risk.
    How to start free cloud mining with BAY Miner
    1.Free cloud mining: Sign up to get $15 in mining credits and start earning daily crypto income instantly, no hardware required.
    2.Create an account: Quick and easy email sign-up process, get instant access to your mining dashboard and track your daily earnings in real time.
    3.Choose a flexible contract: Choose a mining plan that fits your budget to ensure stable daily earnings while enabling flexible fund management.

    The following are examples of popular contracts on BAY Miner (recent reference data):

    ·BTC [Free Computing Plan]: Invest $100, 2-day cycle, $4 daily income, $100 + $8 income returned upon maturity
    ·LTC [Core Contract Plan]: Invest $600, 6-day cycle, $7.2 daily income, $600 + $43.2 income returned upon maturity
    ·BTC [Core Contract Plan]: Invest $3000, 20-day cycle, $39 daily income, $3000 + $780 income returned upon maturity
    ·DOGE [Core Contract Plan]: Invest $5000, 32-day cycle, $72.5 daily income, $5000 + $2320 income returned upon maturity
    ·BTC [Electricity Contract Plan]: Invest $10000, 47-day cycle, $165 daily income, $10000 + $7755 income returned upon maturity
    The above profit examples are based on the recent BAY Miner contract plan. The actual profit may fluctuate slightly with the market and chain conditions. For more contracts, please visit https://bayminer.com

    Why BAY Miner Stands Out in Cloud Mining
    BAY Miner makes crypto mining simple and secure, allowing users with no prior mining experience to start earning daily BTC, ETH, XRP, and DOGE rewards without buying expensive equipment or paying high electricity bills. Users can sign up, choose a flexible contract, and track daily earnings in real-time through an intuitive dashboard, with the freedom to withdraw or reinvest earnings anytime. This hands-off approach lets investors capture passive crypto income opportunities as the market grows, without the hassle of managing hardware or technical operations.

    “Our goal is to provide users with a flexible and profitable mining experience,” said a BAY Miner spokesperson. “With daily payouts and reinvestment options, BAY Miner allows investors to maximize returns while maintaining control and liquidity over their crypto funds.”

    Worry-free experience
    BAY Miner is responsible for all equipment maintenance, operation and electricity costs. Users only need to select a contract to obtain stable passive crypto income every day without any technical experience.

    BAY Miner offers a secure, hardware-free cloud mining platform for BTC, ETH, XRP, and DOGE, enabling daily passive crypto income with flexible contracts, real-time earnings tracking, and easy withdrawals.

    Whether you’re new to crypto or a seasoned investor, BAY Miner provides a simple and secure way to earn daily passive income through cloud mining. Join today to start earning BTC, ETH, XRP, and DOGE without the hassle of hardware or technical complexity.

    Download the mobile app: https://bayminer.com/app/download
    Visit the official website: https://bayminer.com

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: King’s Birthday Party 2025: His Majesty’s Ambassador Alyson King’s speech

    Source: United Kingdom – Executive Government & Departments

    Speech

    King’s Birthday Party 2025: His Majesty’s Ambassador Alyson King’s speech

    His Majesty’s Ambassador to the Democratic Republic of Congo Alyson King’s speech on the King’s Birthday Party delivered on 19 June.

    Your Excellency the President of the Republic, represented here by his principal advisor in charge of the College of Environment, Urban Planning and Mobility, HE Ambassador Tosi Mpanu Mpanu,

    Honourable Senators and Members of Parliament,

    Your Excellencies, distinguished members of the national and provincial governments, and their representatives here present,

    Madam SRSG and Head of MONUSCO,

    Excellencies, my fellow Ambassadors and heads of international organisations,

    Dear members of the diplomatic corps and international organisations,

    Distinguished religious and civil authorities, members of political parties,

    Dear partners,

    Eminent representatives of civil society and the world of culture,

    Ladies and Gentlemen,

    Distinguished guests,

    Dear friends,

    All protocol observed

    Boyei malamu na moto nyonso! (Welcome to everyone!)

    Thank you all for coming. Your presence helps to create a special atmosphere as we celebrate the official birthday of King Charles III. It’s also an opportunity to celebrate the links between the UK and the DRC.

    The UK established its first diplomatic mission here in 1902, when a British consulate was built in the then capital, Boma.

    But even though our relationship is 123 years old this year, I think we’re just getting started!

    I’m going to repeat what I said last year:

    We still do not know each other as well as we might. It remains my firm conviction that the more we know and understand each other, the more opportunities we will find to do good things together.

    That’s enough recycling, at least for words!

    The past year has been marked by undeniably negative events, and I’d like to say a few words about them before turning to more encouraging aspects.

    In January, the battle for Goma began when Rwandan troops and the M23 attacked. Many civilians died, as did members of MONUSCO and SAMIDRC. Many people were forced to move – once again – and numerous human rights violations were committed by all the actors on the ground. I was forced to close our office in Goma.

    A few days later, several embassies – both African and Western – and diplomatic residences in Kinshasa were attacked and looted. Perhaps the oldest principle of international public law is “don’t shoot the messenger”. Peaceful demonstration is an essential democratic right and freedom; as diplomats, we are there to understand and convey messages, particularly when the situation is difficult. But this type of violence is unacceptable and counter-productive. It delayed the international response to events in the east of the country rather than encouraging it.

    Today, a record 5 million people live under occupation in the east of the DRC, under the administration of a UN-sanctioned rebel group.

    I want to be very clear.

    The UK Government condemns the actions of all illegal armed groups in eastern DRC, including the M23. The UK Government has expressed its deep concern about the support of the Rwandan Defence Forces (RDF) to the M23 in offensives that violate the territorial integrity of the Democratic Republic of Congo. In response, the UK Government has announced a major reassessment of its policy towards Kigali, including the suspension of the majority of its financial support.

    Security Council Resolution 2773, adopted unanimously by its 15 members, calls for the immediate and unconditional withdrawal of the M23 and the RDF. It has not yet been implemented. We welcome all the efforts currently being made to find a political solution to this situation.

    At a time when the international system based on norms and international law is being called into question, whether in the Middle East, Ukraine, Sudan or the DRC, leadership is required more than ever.

    This leadership must be both courageous and wise, ready to take the necessary difficult measures and brave reforms.

    Against this backdrop, there are many reasons to be optimistic about relations between the UK and the DRC.

    You’ll see many examples of our collaboration in this garden.

    I’m delighted to welcome back some of our Chevening alumni, and even more delighted to announce that we are increasing the number of scholarships available to talented young Congolese leaders to study for a Masters degree, fully funded by the UK, in the UK.

    Much of the UK’s work in the country is targeted at communities in the east. For example, new UK funding will provide clean water and sanitation to around 200,000 displaced people, in partnership with UNICEF and the SAFER consortium.

    On this day, International Day for the Elimination of Sexual Violence in Conflict, I would like to underline the priority that the UK Government gives to supporting survivors of sexual violence and fighting impunity. I reiterate my congratulations to the DRC for being the first state in the world to condemn the crime of forced pregnancy. I hope we can work together to provide global leadership on these vital issues in the years ahead.  

    We congratulate the DRC on its election to the Security Council as of 1 January and look forward to working together on issues crucial to international peace and security.

    In the field of health, our partnerships with UNICEF and the WHO are supporting the government’s response to the ongoing Mpox and cholera epidemics, and helping more than 4.4 million Congolese people. I was delighted to meet some Mpox survivors in Kinshasa recently; one young man thought he would never get out of hospital alive because he was so ill. Looking at him today, you’d never guess, he’s so healthy and cheerful.

    On climate and the environment, the UK co-chairs the Donor College of the Congo Basin Forest Partnership in the Central African Forest Initiative (CAFI). Our new £90 million action programme supports local communities around the Yangambi Biosphere Reserve, improving economic livelihoods while preserving forests and nature.

    And I’m proud that our programme is also building the DRC’s capacity in climate science in collaboration with British universities.

    I would like to salute the work of the Head of State, for his renewed commitment to economic reform. Tangible improvements to the business climate, such as simpler and more predictable procedures and taxation, as well as greater transparency, will attract foreign direct investment and lead to the creation of well-paid jobs.

    British companies have shown their interest in the economic potential of the DRC. For example, British International Investment’s investment alongside DP World in the DRC’s first deep-water container port at Banana will open up new infrastructure and international trade opportunities for the country.

    As a global centre of mining expertise, trade and finance, the UK is particularly well placed to support the DRC’s ambition to develop its mining sector and bring its critical minerals, which are vital to global economies, to all Congolese.

    This evening, I’m delighted that several Congolese companies with links to the UK are here, and in particular several of them have been able to contribute to this fantastic event.

    I would like to thank our generous sponsors: Socimex, Rawbank, Vodacom, G4S, Helios Towers, HJ Hospital, Médecins de Nuit, Diageo, Canalbox, Manga Flore Gardening Services, Centre Médical Diamant and BAM’s Clean, without whom this evening would not have been possible.

    My thanks also go to my team who work tirelessly, not just for this event, but also for their dedication on a daily basis enabling the Embassy to function well and for us make a difference.

    Dear guests,

    Ladies and Gentlemen,

    The Democratic Republic of Congo is an important partner and friend for the United Kingdom. In recent years, the ties of friendship between our two countries have grown stronger. H.E. President Felix Tshisekedi was one of the first heads of state to meet His Majesty King Charles III after his accession to the throne.

    We salute the work of H.E. Mrs Judith Suminwa, the first female Prime Minister of the DRC, and all the members of the Government present here today.

    My country’s wish is to embark on the next phase of this relationship, working in collaboration with the DRC’s leaders, civil society, businesses and health and climate experts.  

    I sincerely hope that we’ll get to know each other better and that we’ll achieve even more great things together.

    Here’s to the next 123 years of friendship!

    Feti malamu (Enjoy the party!)

    Updates to this page

    Published 2 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Naslab Reserve International Launches Ncore Trading Bot to Support Global Financial Markets

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, July 02, 2025 (GLOBE NEWSWIRE) — Naslab Reserve International, the marketing arm of Nastech Global, announced the launch of Ncore, a new trading bot to assist users in navigating financial markets worldwide. As part of its mission to bridge traditional financial expertise with the digital asset sector, Naslab Reserve promotes innovative solutions, including cryptocurrency reserves, staking programs, and automated trading tools developed by Nastech Global.

    Naslab Reserve is a major facilitator and will guarantee that Nastech’s technological developments get exposure to the whole world. The company specializes in making available tools for analyzing market trends and making informed decisions in different fields, including stocks, forex, and cryptocurrency. Naslab Reserve will provide secure resources to its clients by utilizing the strong security procedures in Nastech that comprise multilayered security and encryption. This strategy is meant to accommodate various customers, including both individual and business customers, and assist them in adapting to the changing times in the financial world. You can find more about their approach and offerings by visiting https://www.naslabreserve.com.

    Ncore, which is a product of Nastech Global and is sold under the label Naslab Reserve, is targeted at promoting efficiency in trading, which is spread across various financial sectors. Its important peculiarities are mempool scanning, which shows a set of pending blockchain transactions to find out trade opportunities, and gas fee optimization, which adjusts the costs of transactions to provide faster and more cost-efficient runs. Also, Ncore will have order book inspection to place trades in an advantageous position before changes in the market and smart contract insight to react to happenings in the current market.

    The interface of the bot is made friendly such that people with diverse experiences can use the tools available. Ncore attempts to offer machine-based approaches that evolve with the market conditions to present users with an opportunity to investigate opportunities, with an effort to manage the risks associated with the opportunities. The marketing plan of Naslab Reserve focuses on transparent communication of the functionality of the Ncore, such as training information and services supporting users in adopting the presence of the bot into their trading process. The company will also collect the feedback of the user to perfect the functionality of Ncore to suit the requirements of a large user base around the world.

    Naslab Reserve believes in building long-term growth with strategic connections. The company also collaborates with foreign partners to increase its presence and offer customers an extended network of financial opportunities to explore. The partnerships are meant to amplify the expansion of Ncore, which is a bundle of Nastech products, to the various geographical locations. Naslab Reserve intends to help its clients achieve portfolio diversification and long-term wealth increases through the integration of traditional financial services with its digital products.

    Naslab Reserve still focuses on security and transparency as the major aspects of its work. The firm also makes sure that the security of Nastech is found in all the products that are marketed, and this means that there is a routine audit procedure and that risks and advantages are well documented. All this is to create some form of trust in the minds of users who are using new technology in the financial arena. Long-term, in 2026, Naslab Reserve aims to offer scalable SaaS solutions that are dependent on client feedback and market research and help it continue to pursue its mission of innovation.

    The introduction of Ncore is a step toward a new definition of automated trading tools. Naslab Reserve intends to establish the bot as an authoritative source for people who need to explore the complexity of markets all over the world. The promotional activities of the company shall further emphasize the technological expertise of Nastech, such that the clients are always assured of the value of their interactions with these solutions.

    About Naslab Reserve International

    Naslab Reserve International is the marketing arm of Nastech Global, a group that is at the forefront of the development of financial technology. The firm also commits to marketing a variety of innovative offerings such as cryptocurrency deposits, staking systems, and automated trade services. Naslab Reserve aims to integrate traditional finance with new digital asset exchange and provide the clients with the tools and an understanding of the changing environment. The Naslab Reserve seeks to safeguard the success of its international customer base in the long term with its focus on security, transparency, and international collaboration.

    Media Contact

    Company Name: Naslab Reserve Limited
    Contact Person Name: Joe
    Email: hello@naslabreserve.com
    Website: https://www.naslabreserve.com/

    Disclaimer: This press release is provided by Naslab Reserve Limited. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b5251d7e-dc87-4de4-aa90-e432a54c1568

    The MIL Network –

  • MIL-OSI Russia: IMF Staff Completes 2025 Article IV Mission with Nigeria

    Source: IMF – News in Russian

    July 2, 2025

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Nigeria.1

    The Nigerian authorities have implemented major reforms over the past two years which have improved macroeconomic stability and enhanced resilience. The authorities have removed costly fuel subsidies, stopped monetary financing of the fiscal deficit and improved the functioning of the foreign exchange market. Investor confidence has strengthened, helping Nigeria successfully tap the Eurobond market and leading to a resumption of portfolio inflows. At the same time, poverty and food insecurity have risen, and the government is now focused on raising growth.

    Growth accelerated to 3.4 percent in 2024, driven mainly by increased hydrocarbon output and vibrant services sector. Agriculture remained subdued, owing to security challenges and sliding productivity. Real GDP is expected to expand by 3.4 percent in 2025, supported by the new domestic refinery, higher oil production and robust services. Against a complex and uncertain external environment, medium-term growth is projected to hover around 3½ percent, supported by domestic reform gains.

    Gross and net international reserves increased in 2024, with a strong current account surplus and improved portfolio inflows. Reforms to the fx market and foreign exchange interventions have brought stability to the naira.

    Naira stabilization and improvements in food production brought inflation to 23.7 percent year-on-year in April 2025 from 31 percent annual average in 2024 in the backcasted rebased CPI index released by the Nigerian Bureau of Statistics. Inflation should decline further in the medium-term with continued tight macroeconomic policies and a projected easing of retail fuel prices.

    Fiscal performance improved in 2024. Revenues benefited from naira depreciation, enhanced revenue administration and higher grants, which more-than-offset rising interest and overheads spending.

    Downside risks have increased with heightened global uncertainty. A further decline in oil prices or increase in financing costs would adversely affect growth, fiscal and external positions, undermine financial stability and exacerbate exchange rate pressures. A deterioration of security could impact growth and food insecurity.

    Executive Board Assessment2

    Executive Directors agreed with the thrust of the staff appraisal. They commended the authorities on the successful implementation of significant reforms during the past two years and welcomed the associated gains in macroeconomic stability and resilience. As these gains have yet to benefit all Nigerians, and with heightened economic uncertainty and significant downside risks, Directors emphasized the importance of agile policy making to safeguard and enhance macroeconomic stability, creating enabling conditions to boost growth, and reducing poverty.

    Directors agreed that the Central Bank of Nigeria is appropriately maintaining a tight monetary policy stance, which should continue until disinflation becomes entrenched. They welcomed the discontinuation of deficit monetization and ongoing efforts to strengthen central bank governance to set the institutional foundation for inflation targeting. Directors also welcomed steps taken by the authorities to build reserves and support market confidence and praised reforms to the foreign exchange market that supported price discovery and liquidity. They called for implementation of a robust foreign exchange intervention framework focused on containing excess volatility, stressing that the exchange rate is an important shock absorber. Directors also agreed with staff’s call to phase out existing capital flow management measures in a properly timed and sequenced manner.

    Directors called for a neutral fiscal stance to safeguard macroeconomic stabilization with priority given to investments that enhance growth. Directors also called for accelerating the delivery of cash transfers to assist the poor. They commended the authorities on advancing the tax reform bill, an important step towards enhancing revenue mobilization and creating fiscal space for development spending, while preserving debt sustainability.

    Directors recognized actions to strengthen the banking system, including the ongoing process of increasing banks’ minimum capital. They welcomed the authorities’ efforts to boost financial inclusion and promote capital market development, while emphasizing the importance of moving to a robust risk‑based supervision for mortgage and consumer lending schemes as well as the fintech and crypto sectors. Directors welcomed progress made in strengthening the AML/CFT framework and stressed the importance of resolving remaining weaknesses to exit the FATF grey list.

    To lift Nigeria’s growth outlook, improve food security, and reduce fragility, Directors highlighted the importance of tackling security, red tape, agricultural productivity, infrastructure gaps, including boosting electricity supply, as well as improved health and education spending, and making the economy more resilient to climate events. They noted that addressing structural impediments to private credit extension is also needed to support growth. Directors welcomed the IMF’s capacity development to support authorities’ reform efforts and agreed that enhancing data quality is critical for sound, data‑driven policymaking.

    Table 1. Nigeria: Selected Economic and Financial Indicators, 2023–26

    2023

    2024

    2025

    2026

    5/8/2025 13:03

    Act.

    Est.

    Proj.

    Proj.

     National income and prices

    Annual percentage change

    (unless otherwise specified)

    Real GDP (at 2010 market prices)

    2.9

    3.4

    3.4

    3.2

    Oil GDP

    -2.2

    5.5

    4.9

    2.3

    Non-oil GDP

    3.2

    3.3

    3.3

    3.3

    Non-oil non-agriculture GDP

    3.9

    4.1

    3.7

    3.7

    Production of crude oil (million barrels per day)

    1.5

    1.5

    1.7

    1.7

    Nominal GDP at market prices (trillions of naira)

    234

    277

    320

    367

    Nominal non-oil GDP (trillions of naira)

    221

    260

    303

    351

    Nominal GDP per capita (US$)

    1,597

    806

    836

    887

    GDP deflator

    12.6

    14.5

    11.4

    11.4

    Consumer price index (annual average)

    24.7

    31.4

    24.0

    23.0

    Consumer price index (end of period)

    28.9

    15.4

    23.0

    18.0

    Investment and savings

    Percent of GDP

    Gross national savings

    31.8

    39.6

    37.5

    37.7

    Public

    -0.1

    3.9

    2.2

    1.7

    Private

    31.9

    35.7

    35.3

    36.1

    Investment

    30.0

    30.4

    30.5

    33.1

    Public

    3.2

    4.8

    5.4

    5.5

    Private

    26.8

    25.6

    25.1

    27.6

    Consolidated government operations

    Percent of GDP

    Total revenues and grants

    9.8

    14.4

    14.2

    13.8

    Of which: oil and gas revenue

    3.3

    4.1

    5.1

    4.9

    Of which: non-oil revenue

    5.8

    9.2

    8.8

    8.8

    Total expenditure and net lending

    13.9

    17.1

    18.9

    18.7

    Overall balance

    -4.2

    -2.6

    -4.7

    -4.9

    Non-oil primary balance

    -4.9

    -4.9

    -7.2

    -6.9

    Public gross debt1

    48.7

    52.9

    52.0

    50.8

    Of which: FX denominated debt

    18.1

    25.5

    25.8

    24.8

    FGN interest payments (percent of FGN revenue)

    83.8

    41.1

    47.3

    49.2

    Money and credit

    Contribution to broad money growth
    (unless otherwise specified)

    Broad money (percent change; end of period)

    51.9

    42.7

    17.9

    22.3

    Net foreign assets

    10.5

    30.4

    2.1

    7.2

    Net domestic assets

    41.3

    12.3

    15.8

    15.1

         Of which: Claims on consolidated government

    20.1

    -11.9

    6.2

    4.1

    Credit to the private sector (y/y, percent)

    53.6

    30.1

    17.9

    18.2

    Velocity of broad money (ratio; end of period)

    2.7

    3.3

    2.2

    2.1

    External sector

    Annual percentage change

    (unless otherwise specified)

    Current account balance (percent of GDP)

    1.8

    9.2

    7.0

    4.6

    Exports of goods and services

    -12.8

    -4.5

    -6.0

    1.3

    Imports of goods and services

    -4.4

    -0.8

    -6.8

    8.4

    Terms of trade

    -6.1

    -0.6

    -7.4

    -3.3

    Price of Nigerian oil (US$ per barrel)

    82.3

    79.9

    67.7

    63.3

    External debt outstanding (US$ billions)2

    102.9

    102.2

    105.9

    110.2

    Gross international reserves (US$ billions, CBN definition)3

    33.2

    40.2

    36.4

    39.1

    Equivalent months of prospective imports of G&S

    5.4

    5.7

    7.5

    7.7

    Memorandum items:

      Implicit fuel subsidy (percent of GDP)

    0.8

    2.1

    0.0

    0.0

    Sources: Nigerian authorities; and IMF staff estimates and projections.

    1 Gross debt figures for the Federal Government and the public sector include overdrafts from the Central Bank of Nigeria (CBN).

    		                                        

    2 Includes both public and private sector.

    		                                        

    3 Based on the IMF definition, the gross international reserves were US$8 billion

     lower in December 2024.
                                                               

    1 Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. Staff hold separate annual discussions with the regional institutions responsible for common policies in four currency unions—the Euro Area, the Eastern Caribbean Currency Union, the Central African Economic and Monetary Union, and the West African Economic and Monetary Union. For each of the currency unions, staff teams visit the regional institutions responsible for common policies in the currency union, collects economic and financial information, and discusses with officials the currency union’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis of discussion by the Executive Board. Both staff’s discussions with the regional institutions and the Board discussion of the annual staff report will be considered an integral part of the Article IV consultation with each member.

    2 At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm. The Executive Board takes decisions under its lapse-of-time procedure when the Board agrees that a proposal can be considered without convening formal discussions.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Julie Ziegler

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

    https://www.imf.org/en/News/Articles/2025/07/01/pr-25231-nigeria-imf-staff-completes-2025-article-iv-mission

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI Security: Rochester Man Who Lured Minor to Hotel for Sex Pleads Guilty

    Source: US FBI

    ROCHESTER, N.Y.-U.S. Attorney Michael DiGiacomo announced today that Jonathan Woody, 31, of Rochester, NY, pleaded guilty to coercion and enticement of a minor, before U.S. District Judge Charles J. Siragusa. The charge carries a minimum penalty of 10 years in prison, maximum penalty of life and a $250,000 fine.

    Assistant U.S. Attorney Kyle P. Rossi, who is handling the case, stated that in January 2024, Woody engaged in sexually explicit online and text communications with a 13-year-old child that he met on social media. On January 2, 2024, Woody paid for an Uber to transport the child to a hotel in Greece, NY, where he rented a room. While at the hotel, Woody provided alcohol and marijuana and engaged in sexual acts with the child. After realizing that the child was missing from home, the child’s family called 911 to initiate a missing person investigation. The child returned home, at which time law enforcement learned of Woody’s interactions with the child. Subsequent investigation resulted in the identification and arrest of Woody.       

    The plea is the result of an investigation by the Monroe County Sheriff’s Office, under the direction of Sheriff Todd Baxter, the Greece Police Department, under the direction of Chief Michael Wood, and the Federal Bureau of Investigation Child Exploitation Task Force, under the direction of Acting Special Agent-in-Charge Mark Grimm.

    Sentencing is scheduled for October 30, 2025, at 9:30 a.m. before Judge Siragusa.  

    # # # #

    MIL Security OSI –

  • MIL-OSI Security: New York Man Admits Continuing to Sell Counterfeit Xanax on Dark Web

    Source: US FBI

    ST. LOUIS – A man from New York state on Tuesday admitted continuing to sell counterfeit Xanax on the dark web while out on bond after pleading guilty in a similar case.

    John Cruz, 31, of Rochester, pleaded guilty in U.S. District Court in St. Louis to one count of conspiracy to misbrand, introduce misbranded drugs and sell counterfeit drugs.

    On Nov. 29, 2023, Cruz pleaded guilty to the same charge and admitted purchasing counterfeit Xanax, an anti-anxiety drug, on the darknet and then reselling it from at least October 2019 through May 2021.

    As part of his guilty plea Tuesday, Cruz admitted that after pleading guilty and while out on bond, he continued the same conduct, operating a darknet website where he offered four different types of counterfeit/misbranded pills. An FBI Special Agent, acting in an undercover capacity, made several purchases from Cruz using cryptocurrency.

    The U.S. Postal Inspection Service made an undercover purchase from Cruz’ co-defendant, Jared James. On April 9, 2024, investigators conducted a court-approved search of James’ home and found pills in four colors. The day before, officers observed James take five packages to a post office that were addressed to locations in Little Rock, Arkansas; Burien, Washington; St. Paul, Minnesota; Richmond, Virginia; and Buffalo Grove, Illinois. Each package contained a bag with about 1,000 counterfeit or misbranded pills.

    Investigators also seized $145,502 from an account Cruz held in the cryptocurrency Monero, representing the proceeds of his illegal pill sales.

    Cruz is scheduled to be sentenced on October 7. Each count Cruz is facing is punishable by up to five years in prison, a $250,000 fine or both prison and a fine.

    James, 48, of Lexington, Kentucky, was sentenced in May to 32 months in prison after pleading guilty to the same charge.

    The case was investigated by the FBI, the Drug Enforcement Administration, the U.S. Postal Inspection Service and U.S. Immigration and Customs Enforcement. Assistant U.S. Attorneys John Ware and Kyle Bateman are prosecuting the case.

    MIL Security OSI –

  • MIL-OSI Africa: United Kingdom (UK) Reinforces Commitment to Ethiopia’s Economic Growth and Reform, Eyeing Key Investment Sectors


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    The United Kingdom has significantly reinforced its commitment to boosting Ethiopia’s economic landscape, with Baroness Jane Ramsey of Wall Health, the UK Prime Minister’s Trade Envoy to Ethiopia, leading a crucial meeting with H.E. Semereta Sewasew, State Minister at the Ministry of Finance. As one of only 32 global Trade Envoys, Baroness Ramsey expressed her profound honor in her role and her eagerness to cultivate strong ties with Ethiopian partners and investors. The UK is keen to help Ethiopia expand and grow business and investment, aligning its support for Ethiopia’s economic reform efforts with both multilateral and bilateral development initiatives.

    Discussions during the meeting centered on Ethiopia’s evolving business environment, with Baroness Ramsey acknowledging notable improvements in the investment climate. H.E. Semereta Sewasew stressed the vital need for regulatory reforms, especially within the banking sector, alongside reforms in foreign exchange and governance, to foster a more open and competitive investment environment.

    The UK’s interest in Ethiopia spans several key sectors that are ripe for collaboration and investment. In telecommunications, the UK considers the potential introduction of a third operator to be “very, very important,” recognizing Ethiopia’s vast population and the opportunity to serve up to 200 million users. This development could significantly enhance connectivity across the country.

    In the creative industries, a substantial investment of £120 million was discussed, aimed at supporting sustainable creative ventures. The goal is to help these industries expand and thrive, thereby promoting economic diversification and creating new jobs. The agro-industry sector also features prominently in the UK’s investment plans. A notable example is a $300 million project focused on advancing crop production for dairy processing. The discussion highlighted that this initiative is currently assessing its environmental and social impacts and will begin with the development of processing plants in its pre-production phase. The UK is actively investing in this sector, aiming to boost agricultural productivity and add value through processing.

    Mining remains another key area, with gold mining specifically identified as a significant sector. This reaffirms the UK’s ongoing commitment to investing and collaborating within Ethiopia’s mining industry. In financial services, the UK expressed strong enthusiasm about engaging with Ethiopia’s newly opened financial sector. Emphasizing the importance of a competitive regulatory framework, particularly within banking, the UK sees great potential for growth and modernization.

    Finally, progress was reviewed on major infrastructure projects, including new airports and Ethiopia Electric Power initiatives on the country’s east side. Updates on the approval processes for these projects underscored the ongoing efforts to advance Ethiopia’s infrastructure development.

    H.E. Semereta Sewasew acknowledged that these sectors represent vital opportunities for strengthening UK-Ethiopia partnerships, driving economic growth, and fostering sustainable development. Baroness Ramsey reiterated the UK’s unwavering commitment to working closely with the Ethiopian government and stakeholders. She emphasized the importance of unlocking further investment and fostering a strong, mutually beneficial economic partnership, with the UK looking forward to continuing these vital discussions and collaborating on these important initiatives to support Ethiopia’s economic development.

    Distributed by APO Group on behalf of Ministry of Finance, Ethiopia.

    MIL OSI Africa –

  • MIL-OSI Africa: CORRECTION: The International Islamic Trade Finance Corporation (ITFC) Wins Global Trade Review (GTR) Best Deals of 2025 for Türkiye Earthquake Response Financing

    The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, has been recognized with a GTR (Global Trade Review) Best Deals of 2025 for its innovative US$150 million Murabaha financing facility, to support Türkiye’s post-earthquake economic recovery.

    Executed in close partnership with the Ministry of Treasury and Finance of the Republic of Türkiye, the Industrial Development Bank of Türkiye (TSKB), and the Development and Investment Bank of Türkiye (TKYB), this landmark Shariah-compliant financing was the first Islamic trade finance facility designed for post-disaster recovery.

    The financing was developed in response to the devastating earthquakes that struck Türkiye in February 2023, resulting in an estimated US$100 billion in damages and disrupting over 220,000 businesses. The facility delivered working capital support and laid the foundation for sustainable economic revival in key sectors including food security, agriculture, and trade.

    Commenting on the award, Nazeem Noordali, Chief Operating Officer, ITFC highlighted, “This award is a testament to our continued commitment to support trade-driven resilience. By partnering with Türkiye’s public sector and key development banks, we have introduced an Islamic finance solution that strengthens recovery and supports long-term trade sustainability.”

    Ms. Sedef Aydaş Head of Department the Republic of Türkiye Ministry of Treasury and Finance, stated that ITFC is one of the first financing organizations showing its willingness to support Türkiye’s post-earthquake economic recovery and added that: “We as Ministry of Treasury and Finance are delighted and thankful to receive GTR Best Deal of 2024 with the first transactions with ITFC for its financing support to Türkiye regarding food security, agriculture and SME trade financing in the earthquake region. I hope the deals we had with ITFC will be one of the landmark projects for future transactions in various areas.”

    The project has also accelerated the adoption of Islamic trade finance solutions in Türkiye’s public sector. TSKB and TKYB utilized the opportunity to develop new Shariah-compliant frameworks with strategic impact across other sectors like renewable energy, climate resilience, employment and inclusive development. It also opened new avenues for Islamic financing in Türkiye’s public sector, paving the way for future Murabaha based financing from international players.

    Commenting on the award, Ms. Meral Murathan, Executive Vice President & Sustainability Leader of TSKB, said: “As Türkiye’s first privately-owned development and investment bank, we have been committed to supporting sustainable and inclusive development for the past 75 years. In the aftermath of the February 2023 earthquake, we placed the sustainable redevelopment of the affected regions at the core of our mission. The US$ 150 million Murabaha-based agreement we signed with ITFC in August 2024 marks the first cooperation between TSKB and ITFC. We are pleased to have structured this partnership to support trade-driven recovery and resilience in the earthquake-impacted areas by addressing the urgent needs of local businesses.”

    The award was presented at the GTR Best Deals 2025 ceremony, where ITFC representative alongside officials from the Ministry of Treasury and Finance of the Republic of Türkiye and TSKB.

    İbrahim H. Oztop, the CEO of the Development and Investment Bank of Türkiye commented “We are very pleased to be involved in this transaction, executed in collaboration with ITFC, our partner institution. This financing not only represents a step forward in strengthening our corporate financing structure but also helps us to achieve our strategic goals. We consider this award as a recognition of our institution’s vision and mission on an international level.”

    This recognition reinforces ITFC’s leadership in Islamic trade finance solutions and its contribution to achieving SDG 8 (Decent Work & Economic Growth) and SDG 9 (Industry, Innovation & Infrastructure).

    Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

    Contact Us:
    Tel: +966 12 646 8337 
    Fax: +966 12 637 1064  
    E-mail: ITFC@itfc-idb.org

    Social Media:
    Twitter: https://apo-opa.co/449UUsq
    Facebook: https://apo-opa.co/3G6J6hv
    LinkedIn: https://apo-opa.co/40Ac5AZ

    About the International Trade Finance Corporation (ITFC):
    The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving the socioeconomic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided more than US$83 billion of financing to OIC member countries, making it the leading provider of trade solutions for member countries’ needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity building tools, enabling them to successfully compete in the global market.

    MIL OSI Africa –

  • MIL-OSI: Onfolio Holdings Inc. Subsidiary Pace Generative Drives 358% AI Traffic Improvement For Enterprise Client

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Del., July 02, 2025 (GLOBE NEWSWIRE) — Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (OTC: ONFOP) (the “Company” or “Onfolio”), a company that acquires and manages a diversified portfolio of online businesses, today announced that its wholly owned subsidiary, Pace Generative LLC, has released its first case study, reporting significant results for an enterprise client.

    Pace Generative is a Generative Engine Optimization agency helping clients increase the traffic they receive from Google AI Overviews and Large Language Models (LLMs) such as ChatGPT.

    From January to May 2025, the Pace Generative team worked closely with a publicly traded enterprise client, driving a notable increase in referrals from AI, and more than doubling the conversion rates of that traffic in the process.

    The client saw an increase in AI Overview ownership of 358%, an increase in AI Chat traffic of 101%, and conversion rates of that traffic went from 2% to 5%.

    With online web traffic undergoing a large disruption in 2025, Pace Generative will offer not just a glimmer of hope, but a generational opportunity to those who move early and embrace AI chat traffic.

    Data from third parties is increasingly showing that not only is AI traffic increasing while Google traffic declines, but AI traffic is up to 4.4x more valuable, making Generative Engine Optimization/AI SEO something not to be ignored.

    To learn more about GEO services and read Pace Generative’s case study, please visit: https://pacegenerative.com/ai-visibility-playbook/

    About Pace Generative

    Pace Generative is a Generative Engine Optimization Agency, focused on helping clients improve their AI Visibility across the web. Using a combination of proprietary content optimization, PR, and data-driven tracking, Pace Generative aims to help clients track visibility, shift sentiment, and dominate the AI search and chat landscape. Pace Generative is a wholly owned subsidiary of Onfolio Holdings.

    About Onfolio Holdings

    Onfolio acquires and manages a diversified portfolio of online businesses. Onfolio acquires businesses that meet its investment criteria, being that such businesses operate in sectors with long-term growth opportunities, have positive and stable cash flows, face minimal threats of technological or competitive obsolescence and can be managed by our existing team or have strong management teams largely in place. The Company excels at finding acquisition opportunities where the seller has not fully optimized their business, and Onfolio’s experience and skillset allows it to add increased value to these existing businesses. Visit www.onfolio.com for more information.

    Safe Harbor Statement

    The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continues,” “estimates,” “projects,” “intends,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, those events and factors described by us in Item 1.A “Risk Factors” in our most recent Form 10-K and Form 10-Q; other risks to which our Company is subject; other factors beyond the Company’s control. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Contact
    investors@onfolio.com

    The MIL Network –

  • MIL-OSI United Kingdom: Derby in stronger position amidst continued financial challenges

    Source: City of Derby

    Derby City Council has improved its financial stability, reducing its in-year overspend and reliance on reserves, despite the ongoing challenges facing local government.  

    In a report detailing the final accounts for the 2024/2025 financial year, that will be presented to the Council’s Cabinet next week, Derby is reporting a more stable financial position despite continuing pressures from significant increases in demand for social care and homelessness, inflationary increases and the ongoing cost of living crisis.

    Due to sensible interventions, Derby significantly improved its financial sustainability, managing predicted overspend down from an expected £9.643 million in Quarter 1 to £3.996 million at the end of the year. This position has been strengthened by £10.5 million of underspends across the organisation and welcomed additional government funding.

    Crucially, reliance on General Fund reserves has also reduced, down to £0.493 million from a Quarter 1 forecast of £5.769 million as a large proportion of the final overspend was funded by contingencies held by the Council.

    The figures that will go to Cabinet next week show that at the end of 2024/2025, the general reserve fund has a balance of £8.658 million, supporting the Council’s plan to replenish its reserves by £10.140 million over three years. Additionally, 100% of the £8.121 million 2024/2025 savings target has also been achieved.

    Councillor Kathy Kozlowski, Cabinet Member for Governance and Finance said:

    We’ve had to work hard as a council to get to this position, and I’m grateful to all our staff who have helped us find new ways of working. I’m very pleased to see our accounts moving to a place of greater financial stability because it puts us on a firmer footing for delivering the services our citizens need. 

    Derby is reporting a much better position than many other local authorities, and the Chancellor of the Exchequer’s recent announcement of a three-year Local Government comprehensive spending review and fair funding reforms for the sector is welcome news. However, we are not out of the woods yet and must continue to be vigilant.  

    The continued financial sustainability of the Council continues to be a priority for us, allowing us to invest more into essential services that support some of our most vulnerable residents whilst also creating resilience for the future.

    The Council’s final year end position for 2024-2025 will be presented to Cabinet on Wednesday 9 June. The meeting will be available to watch on the Council’s YouTube channel.  
     

    MIL OSI United Kingdom –

  • MIL-OSI: Music Licensing, Inc. (OTC: SONG) Announces Plans to Engage PCAOB-Registered Audit Firm for Annual Audits and Future Financial Statement Reviews

    Source: GlobeNewswire (MIL-OSI)

    NAPLES, FL, July 02, 2025 (GLOBE NEWSWIRE) — Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, a diversified holding company and the fifth public performance rights organization (PRO) established in the United States, today announced that it is actively pursuing the engagement of a Public Company Accounting Oversight Board (PCAOB)-registered audit firm to conduct annual audits and provide ongoing reviews of its financial statements.

    This initiative marks a significant step in strengthening the company’s financial reporting infrastructure and reinforces its long-term commitment to transparency, regulatory compliance, and best practices in corporate governance. The company believes that the engagement of a PCAOB-registered firm will provide independent assurance regarding the accuracy and completeness of its financial disclosures, while supporting future strategic and capital markets initiatives.

    By establishing an annual audit process under PCAOB standards, the company aims to enhance investor confidence, meet the expectations of institutional stakeholders, and better position itself for continued growth.

    Music Licensing, Inc. licenses music to many of the world’s leading platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, and Vevo. The company holds an estimated 7.4% share of the U.S. public performance rights market and represents a catalog of more than 2.5 million musical works by prominent artists such as A$AP Rocky, Pharrell, Wiz Khalifa, Nipsey Hussle, Lil Uzi Vert, and many others—including works created using artificial intelligence (AI).

    In addition, the company maintains royalty interests in Listerine “Mouthwash” Antiseptic and an extensive portfolio of musical works by internationally acclaimed artists including The Weeknd, Justin Bieber, Kanye West, Elton John, Rihanna, Lil Nas X, and more.

    Further details will be announced as the company finalizes its selection of an independent PCAOB-registered auditor.

    About Music Licensing, Inc. (OTC: SONG) (ProMusicRights.com)

    About Music Licensing, Inc. (OTC:SONG)  (ProMusicRights.com)

    Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is a diversified holding company and the fifth public performance rights organization (PRO) established in the United States. It is recognized under the federal registry of the United States government. The company licenses music to some of the most prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, and many others.

    Pro Music Rights holds an estimated 7.4% market share in the United States, representing a catalog of more than 2.5 million works by notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sauce Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and many others, including works generated by artificial intelligence (AI).

    Additionally, Music Licensing, Inc. (OTC: SONG) holds royalty interests in Listerine “Mouthwash” Antiseptic and a vast portfolio of musical works by globally renowned artists, including The Weeknd, Justin Bieber, Kanye West, Elton John, Mike Posner, blackbear, Lil Nas X, Lil Yachty, DaBaby, Stunna 4 Vegas, Miley Cyrus, Lil Wayne, XXXTentacion, BlueFace, The Game, Jeremih, Ty Dolla $ign, Eric Bellinger, Ne-Yo, MoneyBagg Yo, Halsey, Desiigner, DaniLeigh, Rihanna, and many others.

    Forward-Looking Statements:

    This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

    Non-Legal Advice Disclosure:

    This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.

    Non-Investment Advice Disclosure:

    This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication

    Contact: investors@ProMusicRights.com

    SOURCE: Music Licensing, Inc

    The MIL Network –

  • MIL-OSI: MEC Ecosystem Officially Launches in Bangkok Unveils MEC Token and Full Web3 Suite with Global Guests and 40000-Strong Community

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 02, 2025 (GLOBE NEWSWIRE) — The MEC Ecosystem has officially launched its digital infrastructure and introduced the MEC Token, a utility-focused asset that serves as the core of a newly developed blockchain-powered ecosystem. The launch event, held in Bangkok, welcomed over 1,000 participants including technology professionals, entrepreneurs, and blockchain enthusiasts from Asia, Europe, and North America.

     

    Introduction of MEC Token

    Now live on the BNB Smart Chain (BSC), the MEC Token plays a central role in the network’s operations, enabling key functions across the MEC platforms. It is designed to support transaction activities, community governance, access privileges, and incentive mechanisms throughout the ecosystem.

    Key functions of the MEC Token include:

    • Facilitating trading, staking, and reward distribution
    • Providing access to premium features and tools
    • Supporting referral mechanisms and liquidity growth
    • Allowing token holders to participate in governance decisions

    With a community of over 40,000 members, the token launch sets the foundation for a scalable and use-case-driven blockchain environment.

     

    Three Core Platforms Now Live

    The event also marked the launch of MEC’s primary platforms, including:

    • Miyi Exchange – A hybrid exchange platform offering streamlined order routing and a combined on-chain/off-chain architecture
    • MAT (Micro Alpha Trading) – A quantitative trading solution developed to accommodate both retail and institutional users
    • MecFarm – A blockchain-based GameFi platform integrating real-world incentives with gamified DeFi features

    A representative from MEC stated, “The launch of MEC is a step toward realizing a more interconnected digital ecosystem where tools for trading, gaming, and asset management are integrated in one framework.”

    Global Launch Highlights

    The Bangkok event included participation from international community members, ecosystem supporters, and digital innovators. Keynotes, live demos, and panel discussions covered the role of MEC in the broader Web3 landscape, as well as upcoming roadmap developments.

    Roadmap and Next Steps

    Future phases of the MEC Ecosystem will include:

    • Introduction of staking and reward distribution programs
    • Formation of strategic alliances within the DeFi and Web3 sectors
    • Expansion into cross-chain interoperability, real-world assets (RWAs), and NFT integrations
    • Listing on additional centralized and decentralized exchanges

    Join the MEC Community

    MEC invites interested individuals and organizations to explore its platforms and engage with its community:

    Website: www.mec-eco.info 
    Facebook: https://www.facebook.com/mececosystem2022  
    Twitter/X: https://x.com/MecEcosystem22 
    Telegram: https://t.me/mececosystem 
    YouTube: https://www.youtube.com/@MecEcosystem 
    Discord: https://discord.com/invite/qXpA2CVp 

    About MEC Ecosystem

    MEC Ecosystem is a Web3 technology initiative focused on building an integrated digital economy powered by blockchain. Its ecosystem includes trading infrastructure, algorithmic trading tools, and blockchain-enabled gaming platforms. MEC’s mission is to create a multi-utility environment where users can seamlessly access decentralized finance, digital assets, and community governance features through a single token economy.

    Media Contact

    Organization: MEC Ecosystem

    Contact Person Name: Leon Yue

    Website: https://www.mec-eco.info

    Email: support@mec-eco.info

    Disclaimer: This press release is provided by MEC Ecosystem. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/95eeaea4-2e53-49d3-b32f-d88a4e519172
    https://www.globenewswire.com/NewsRoom/AttachmentNg/97ae2c6d-58b1-4e65-af5b-d1e02f57c207

    The MIL Network –

  • NCB busts global drug cartel spanning four continents; Amit Shah congratulates agencies for major crackdown

    Source: Government of India

    Source: Government of India (4)

    Union Home Minister and Minister of Cooperation, Amit Shah, on Wednesday lauded the Narcotics Control Bureau (NCB) and associated enforcement agencies for dismantling a sprawling global drug cartel that trafficked controlled pharmaceutical substances across four continents using sophisticated digital methods.

    In a post on the social media platform X, Shah said, “Congratulations to NCB and all agencies on busting a global drug cartel. The probe set a stellar example of multi-agency coordination, resulting in eight arrests and seizures of five consignments while triggering crackdowns in the US and Australia against the ring that operates across four continents and more than ten nations. Our agencies are constantly monitoring sophisticated modes like crypto payments and anonymous drop shippers used by these gangs. The Prime Minister Shri Narendra Modi-led government is determined to saw off every drug cartel and protect our youth, no matter where they operate from.”

    Operation MED MAX: From Delhi to Alabama

    Dubbed Operation MED MAX, the NCB’s HQ Operations Unit led one of the most extensive crackdowns against the illegal pharmaceutical drug trade. The operation uncovered a syndicate that exploited encrypted communication platforms, drop-shipping models, and cryptocurrency transactions to move controlled medicines between India, the USA, Australia, and Europe.

    The investigation began on May 25, 2025, when the NCB intercepted a vehicle near Mandi House in New Delhi, acting on confidential intelligence. Officers seized 3.7 kilograms of Tramadol tablets from two occupants, both pharmacy graduates from a private university in Noida.

    Their interrogation revealed that they operated as vendors on a major Indian B2B platform, selling pharmaceutical pills to clients overseas. Subsequent leads led investigators to a stockist in Roorkee and a key associate in Delhi’s Mayur Vihar, who disclosed connections to a coordinator in Udupi, Karnataka. This link revealed data on at least 50 international consignments, including 29 within the USA, 18 within Australia, and others bound for Estonia, Spain, and Switzerland.

    Global Cooperation and Major Seizures

    Based on intelligence provided by India’s NCB, global counterparts and Interpol tracked the syndicate’s operations. This led to the arrest of a major bulk re-shipper and money launderer in Alabama, USA, by the United States Drug Enforcement Administration (US DEA). The US operation resulted in the seizure of over 17,000 tablets of controlled medication and multiple cryptocurrency wallets linked to the syndicate.

    In parallel, law enforcement in Australia dismantled an illegal pill manufacturing facility directly connected to the network. Additional stockists and operatives are under scrutiny worldwide.

    Sophisticated Network and Modus Operandi

    Investigations revealed the cartel’s extensive use of encrypted messaging platforms such as Telegram and reliance on cryptocurrency, PayPal, and Western Union for payments. The network used anonymous international drop-shippers to evade detection, ensuring that operators never shipped within their home countries.

    The syndicate’s operations were managed through a major B2B platform where handlers paid for premium vendor profiles to attract buyers. A dedicated call centre in Udupi, employing around ten staff members—many allegedly unaware of the illegal activities—handled customer queries and orders. Payments were processed in cryptocurrency, with commissions distributed down the supply chain to re-shippers in various countries.

    Repeat buyers were systematically recruited as re-shippers or stockists, enabling the network’s organic expansion across multiple jurisdictions.

    Kingpin Traced to UAE

    The alleged mastermind coordinating the cartel’s international operations and finances has been traced to the UAE. Indian authorities are working closely with UAE officials to bring the individual to justice.

    Ongoing Investigations

    So far, eight individuals have been arrested in India in connection with the syndicate. The financial trail involving crypto wallets and suspected hawala transactions remains under investigation. The NCB is also coordinating with private sector platforms to curb illegal online pharmacies that openly market controlled substances.

  • MIL-OSI United Kingdom: DfE Update: 2 July 2025

    Source: United Kingdom – Government Statements

    Correspondence

    DfE Update: 2 July 2025

    Latest information and actions from the Department for Education about funding, assurance and resource management, for academies, local authorities and further education providers.

    Applies to England

    Documents

    DfE Update further education: 2 July 2025

    HTML

    DfE Update academies: 2 July 2025

    HTML

    DfE Update local authorities: 2 July 2025

    HTML

    Details

    Latest for further education

    Article Title
    Information Add apprentice details to the Apprenticeship Service account using ILR data
    Information Funding rules and guidance update for apprenticeships care leavers’ bursary
    Information Apprenticeship carry-in allocations for the 2025 to 2026 funding year
    Information Updated learning aim references for generation 2 T Levels
    Information Free courses for jobs allocations for the 2025 to 2026 funding year
    Reminder Deadline to submit post-16 subcontracting standard report
    Your feedback Tell us about your experience of our funding service
    Events and webinars Minister for Skills live event on post-16 education and skills development

    Latest information for academies

    Article Title
    Information Updated learning aim references for generation 2 T Levels
    Information Shorter teaching apprenticeships available from August 2025
    Your feedback Tell us about your experience of our funding service
    Events and webinars Get help buying for schools webinar
    Events and webinars Hiring supply teachers and agency workers for your school or trust webinar
    Events and webinars Academy Finance Professionals July Power Hour: Academy Trust Handbook
    Events and webinars Academies technical update 2025 to 2026
    Events and webinars School flooding solution

    Latest information for local authorities

    Article Title
    Information Apprenticeship carry-in allocations for the 2025 to 2026 funding year
    Information Add apprentice details to the Apprenticeship Service account using ILR data
    Information Funding rules and guidance update for apprenticeships care leavers’ bursary
    Information Shorter teaching apprenticeships available from August 2025
    Information Updated learning aim references for generation 2 T Levels
    Information Free courses for jobs allocations for the 2025 to 2026 funding year
    Reminder Deadline to submit post-16 subcontracting standard report
    Reminder Early years 2025 summer term data collection
    Your feedback Tell us about your experience of our funding service
    Events and webinars Get help buying for schools webinar
    Events and webinars Hiring supply teachers and agency workers for your school or trust webinar
    Events and webinars Minister for Skills live event on post-16 education and skills development

    Updates to this page

    Published 2 July 2025

    Sign up for emails or print this page

    MIL OSI United Kingdom –

  • MIL-OSI: ASM announces details of the Q2 2025 conference call and webcast

    Source: GlobeNewswire (MIL-OSI)

    Almere, the Netherlands
    July 2, 2025

    ASM International N.V. (Euronext Amsterdam: ASM) will report its second quarter 2025 financial results at approximately 6:00 p.m. CET on Tuesday, July 22, 2025.

    ASM will host the quarterly earnings conference call and webcast on Wednesday, July 23, 2025, at 3:00 p.m. CET.

    Conference-call participants should pre-register using this link to receive the dial-in numbers, passcode and a personal PIN, which are required to access the conference call.

    A simultaneous audio webcast and replay will be accessible at this link.

    About ASM International

    ASM International N.V., headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture equipment and process solutions to produce semiconductor devices for wafer processing, and have facilities in the United States, Europe, and Asia. ASM International’s common stock trades on the Euronext Amsterdam Stock Exchange (symbol: ASM). For more information, visit ASM’s website at www.asm.com.

    Contacts  
    Investor and media relations Investor relations
    Victor Bareño Valentina Fantigrossi
    T: +31 88 100 8500 T: +31 88 100 8502
    E: investor.relations@asm.com E: investor.relations@asm.com

    The MIL Network –

  • MIL-OSI: ASM announces details of the Q2 2025 conference call and webcast

    Source: GlobeNewswire (MIL-OSI)

    Almere, the Netherlands
    July 2, 2025

    ASM International N.V. (Euronext Amsterdam: ASM) will report its second quarter 2025 financial results at approximately 6:00 p.m. CET on Tuesday, July 22, 2025.

    ASM will host the quarterly earnings conference call and webcast on Wednesday, July 23, 2025, at 3:00 p.m. CET.

    Conference-call participants should pre-register using this link to receive the dial-in numbers, passcode and a personal PIN, which are required to access the conference call.

    A simultaneous audio webcast and replay will be accessible at this link.

    About ASM International

    ASM International N.V., headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture equipment and process solutions to produce semiconductor devices for wafer processing, and have facilities in the United States, Europe, and Asia. ASM International’s common stock trades on the Euronext Amsterdam Stock Exchange (symbol: ASM). For more information, visit ASM’s website at www.asm.com.

    Contacts  
    Investor and media relations Investor relations
    Victor Bareño Valentina Fantigrossi
    T: +31 88 100 8500 T: +31 88 100 8502
    E: investor.relations@asm.com E: investor.relations@asm.com

    The MIL Network –

  • MIL-OSI United Nations: Conference Holds Multi-stakeholder Round Table on Realizing Development-Oriented Sovereign Debt Architecture

    Source: United Nations General Assembly and Security Council

    The Conference holds its fifth multi-stakeholder round table this afternoon on “Realizing a development-oriented sovereign debt architecture”.

    Co-Chaired by Pedro Sánchez, President of Spain, and Bassirou Diomaye Diakhar Faye, President of Senegal, it will feature a special address by Gaston Browne, Prime Minister of Antigua and Barbuda, and a keynote address by Joseph Stiglitz, Nobel Prize Laureate. 

    Mahmoud Mohieldin, Special Envoy on Financing the 2030 Agenda for Sustainable Development, will moderate the discussion.

    Panelists will include:  Louis Paul Motaze, Minister for Finance of Cameroon; Michket Slama Khaldi, Minister for Finance of Tunisia; Ahmed Shide, Minister for Finance of Ethiopia; and Axel van Trotsenburg, Senior Managing Director of the World Bank Group.   

    Rémy Rioux, AFD CEO and Chairman of the Finance in Common Coalition, and Jay Collins, Vice-Chair of Citigroup, will be the discussants.

    …

    MIL OSI United Nations News –

  • MIL-OSI Video: Funding the end of extreme poverty through more taxes on the super rich | #FFD4

    Source: United Nations (video statements)

    More taxes on the super wealthy is not a radical idea but a response to radical inequality in the world, says José Gilberto Scandiucci, Brazil’s Minister-Counsellor to the UN. Speaking at the Fourth International Conference on Financing for Development, he points out that the world’s wealthiest people pay, on average, 0.3 per cent of their income in taxes.

    https://www.youtube.com/shorts/dm7Y2GI4g0k

    MIL OSI Video –

  • MIL-OSI: Surveillance & Monitoring Expected to be Largest Revenue Opportunity for Drone as a Service (DaaS) Market Through 2030

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., July 02, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The drone surveying market is expected to continue to sustain and continue to gain momentum due to increasing demand for aerial intelligence and high-precision mapping across major sectors such as agriculture, mining, construction, and environmental monitoring. A report from Fact.MR analysis indicates that the industry will be valued at USD 1.97 billion in 2025 and will grow to USD 11.49 billion by 2035, at a strong CAGR of 19.3% during the period. The report said: “Technological improvements in LiDAR, thermal imaging, and real-time stream of data over the past three years have dramatically improved safety and efficiency in drone surveying. Drones are increasingly being employed by governments and institutions for commercial use as they are safe, accurate, and cost-effective. Fact.MR believes that support from the authorities, especially in Europe and North America, is fueling commercial usage with better codes in the law. The increasing demand for high-precision geospatial intelligence is one of the key drivers of the adoption of drone surveying. Fact.MR research is of the view that the mining, agriculture, oil & gas, and infrastructure sectors increasingly depend on drones to maximize planning, minimize human risk, and digitize high-resolution terrain information with cost-efficient scalability across vast and inaccessible areas. The enormous digital revolution in the industrial sectors continues to accelerate demand. Combining drones with AI analytics, GIS platforms, and cloud systems enables real-time processing and decision-making. Fact. MR believes that the combination of drone technology with automation and IoT is revolutionizing conventional surveying processes into dynamic data-driven ecosystems.”   Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Ondas Holdings Inc. (NASDAQ: ONDS), Trimble Inc. (NASDAQ: TRMB), NVIDIA Corporation (NASDAQ: NVDA), Amazon (NASDAQ: AMZN).

    Fact.MR continued: “The drone surveying industry is segmented by survey type into land survey, property survey, rail survey, and infrastructure survey. By end-use industry, it is categorized into energy, construction, transportation & warehouse, agriculture, mining, oil & gas extraction, public administration, and real estate & industrial plant. Regionally, the industry spans North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. IT concluded: “During the period 2025 to 2035, the infrastructure survey will be the most remunerative survey type segment, driven by the worldwide boom in urbanization, smart city programs, and projects for modernizing public infrastructure. Due to this increasing dependence and favorable regulatory changes across UAV use in civil infrastructure, the infrastructure survey segment is expected to grow at a CAGR of 22.6% from 2025 to 2035, ahead of the industry average of 19.3%.”

    ZenaTech (NASDAQ:ZENA) Expands Drone as a Service (DaaS) to California with Offer to Acquire an Engineering and Surveying Firm, Tapping into Precision Agriculture and Viticulture Market – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), and enterprise SaaS, has signed an offer to acquire a California-based civil engineering and land surveying firm with a well established history of operations. This marks ZenaTech’s first proposed transaction in the US West Coast or Southwest region, creating a strategic entry point into California ─ a high-value market for drone-based precision agriculture due to a massive agriculture economy, crop diversity, labor and water challenges, and an openness to innovation.

    With a commercial, construction and sustainability solution customer base and a deep regional presence, the proposed acquisition positions ZenaTech to scale its Drone as a Service or DaaS survey operations. It also provides significant opportunity to expand into California’s wine and agriculture sectors using advanced drone capabilities including aerial imaging, precision spraying, irrigation analytics, and wildfire detection and monitoring in high-risk areas.

    “This proposed acquisition is more than just our first Southwest region location — it’s a strategic foothold into a high-value, high-growth state for precision agriculture,” said Shaun Passley, Ph.D., CEO of ZenaTech. “The firm is a natural fit to help execute our growth strategy for crop health monitoring and precision spraying to serve viticulture, large estates, and commercial farming operations across California.”

    With the global agricultural drone market projected to reach USD 10.3 billion by 2030, driven by rising demand for precision technologies in farming, California stands out as a key growth region as well as being home to nearly 90% of all US vineyard acreage. Considering California’s mounting climate and agricultural challenges, ZenaTech’s AI-powered autonomous drone solutions offer timely, scalable innovation that serves the needs of commercial enterprises, cooperatives, agriculture consultants, and public sector stakeholders.

    ZenaTech’s Drone as a Service (DaaS) business model offers both business and government customers reduced costs and convenience to utilize drones to streamline legacy processes and manual tasks such as inspections, surveying, maintenance, precision agriculture and inventory management ─ there is no need to purchase drone hardware and software, find a drone pilot, manage maintenance and operation, or acquire regulatory approvals. The model also offers scalability to use more often or less often based on business needs and utilizes ZenaDrone’s multifunction AI autonomous drones.

    The company has closed six acquisitions across the US to date as part of its DaaS business model and strategy and has announced it plans to complete approximately 20 more in the next 12 months. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the markets include:

    Ondas Holdings Inc. (NASDAQ: ONDS) recently announced that its subsidiary, American Robotics Inc., has entered into a strategic partnership with Mistral Inc. (“Mistral”), a Maryland-based business development and defense contracting firm. The agreement focuses on joint marketing, sales, and integration of the Optimus drone system and Iron Drone Raider into the United States defense and homeland security markets.

    Under the agreement, Mistral will support American Robotics’ business development by opening sales channels through its well-established relationships with U.S. governmental buyers, including federal, state, local law enforcement, military, and homeland security entities. The initial term of the agreement is three years, with an automatic renewal option and a structured success fee model based on realized sales.

    “This collaboration with Mistral accelerates and strengthens our commercial strategy in the U.S., enhancing our ability to deliver mission-ready autonomous systems to the homeland security and defense sectors,” said Eric Brock, Chairman and CEO of Ondas Holdings. “We are witnessing increased demand for advanced aerial intelligence and counter-drone solutions, and Mistral’s deep relationships, experience, and operational know-how make them an ideal partner to scale our footprint in this critical market.”

    Trimble Inc. (NASDAQ: TRMB)‘s Trimble Stratus – With Trimble Stratus Software, one can use drone data to map, measure, and manage worksite and assets. Connect the right information to the right people at the right time.

    Survey Frequently and Faster – Get accurate, up-to-date topographic surveys whenever you need without having to bring in a survey crew – Avoid information bottlenecks by getting answers to questions yourself with an intuitive, web-based tool – Survey inaccessible or hazardous areas safely using a drone.

    NVIDIA Corporation (NASDAQ: NVDA) – Nvidia AI Technology Added to Vision for Autonomous Drones – Generative AI modules aim to upgrade Foresight’s vision systems with additional computing power – Vision software company Foresight Autonomous Holdings has integrated Nvidia’s Jetson Orin generative AI computing modules into its 3D-perception system.

    Foresight is using Nvidia’s Jetson Orin Nano and Jetson AGX Orin modules to improve the capabilities of its perception systems deployed in various use cases, with a major focus on autonomous drones and unmanned aerial vehicles.

    The Jetson modules, which are used in generative AI, computer vision and advanced robotics, upgrade Foresight’s vision system with the computing power needed for autonomous drones and UAVs, according to Foresight.

    Amazon (NASDAQ: AMZN) – Amazon’s drones deliver items in 60 minutes or less—here’s how we simplified the process. – Prime Air built an easy-to-use customer experience to make ordering and receiving a wide selection of items via drone delivery faster than ever. It’s never been easier to receive a drone delivery from Amazon if you live in one of the locations where we currently offer it. From tapping the “place your order” button to seeing the item delivered, the entire process takes 60 minutes or less. So, if you realize you need more sunscreen or forgot you needed more batteries, but don’t have time to make a trip to the store, Amazon has you covered.

    It all starts at Amazon.com or in the Amazon Shopping app. Customers can choose more than 60,000 items for drone delivery as our selection continues to grow. Recently, we received FAA approval to deliver several new categories of items, including devices like Apple iPhones, Samsung Galaxy cellphones, Apple AirTags, Apple AirPods, Ring doorbells, and Alpha Grillers Instant Read Food Thermometers. All you need to do is select the drone delivery option when you check out if you’re in an eligible area and the item in your cart is 5 pounds or less.

    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 has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company.  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.

    Contact Information:
    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: Surveillance & Monitoring Expected to be Largest Revenue Opportunity for Drone as a Service (DaaS) Market Through 2030

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., July 02, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The drone surveying market is expected to continue to sustain and continue to gain momentum due to increasing demand for aerial intelligence and high-precision mapping across major sectors such as agriculture, mining, construction, and environmental monitoring. A report from Fact.MR analysis indicates that the industry will be valued at USD 1.97 billion in 2025 and will grow to USD 11.49 billion by 2035, at a strong CAGR of 19.3% during the period. The report said: “Technological improvements in LiDAR, thermal imaging, and real-time stream of data over the past three years have dramatically improved safety and efficiency in drone surveying. Drones are increasingly being employed by governments and institutions for commercial use as they are safe, accurate, and cost-effective. Fact.MR believes that support from the authorities, especially in Europe and North America, is fueling commercial usage with better codes in the law. The increasing demand for high-precision geospatial intelligence is one of the key drivers of the adoption of drone surveying. Fact.MR research is of the view that the mining, agriculture, oil & gas, and infrastructure sectors increasingly depend on drones to maximize planning, minimize human risk, and digitize high-resolution terrain information with cost-efficient scalability across vast and inaccessible areas. The enormous digital revolution in the industrial sectors continues to accelerate demand. Combining drones with AI analytics, GIS platforms, and cloud systems enables real-time processing and decision-making. Fact. MR believes that the combination of drone technology with automation and IoT is revolutionizing conventional surveying processes into dynamic data-driven ecosystems.”   Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Ondas Holdings Inc. (NASDAQ: ONDS), Trimble Inc. (NASDAQ: TRMB), NVIDIA Corporation (NASDAQ: NVDA), Amazon (NASDAQ: AMZN).

    Fact.MR continued: “The drone surveying industry is segmented by survey type into land survey, property survey, rail survey, and infrastructure survey. By end-use industry, it is categorized into energy, construction, transportation & warehouse, agriculture, mining, oil & gas extraction, public administration, and real estate & industrial plant. Regionally, the industry spans North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. IT concluded: “During the period 2025 to 2035, the infrastructure survey will be the most remunerative survey type segment, driven by the worldwide boom in urbanization, smart city programs, and projects for modernizing public infrastructure. Due to this increasing dependence and favorable regulatory changes across UAV use in civil infrastructure, the infrastructure survey segment is expected to grow at a CAGR of 22.6% from 2025 to 2035, ahead of the industry average of 19.3%.”

    ZenaTech (NASDAQ:ZENA) Expands Drone as a Service (DaaS) to California with Offer to Acquire an Engineering and Surveying Firm, Tapping into Precision Agriculture and Viticulture Market – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), and enterprise SaaS, has signed an offer to acquire a California-based civil engineering and land surveying firm with a well established history of operations. This marks ZenaTech’s first proposed transaction in the US West Coast or Southwest region, creating a strategic entry point into California ─ a high-value market for drone-based precision agriculture due to a massive agriculture economy, crop diversity, labor and water challenges, and an openness to innovation.

    With a commercial, construction and sustainability solution customer base and a deep regional presence, the proposed acquisition positions ZenaTech to scale its Drone as a Service or DaaS survey operations. It also provides significant opportunity to expand into California’s wine and agriculture sectors using advanced drone capabilities including aerial imaging, precision spraying, irrigation analytics, and wildfire detection and monitoring in high-risk areas.

    “This proposed acquisition is more than just our first Southwest region location — it’s a strategic foothold into a high-value, high-growth state for precision agriculture,” said Shaun Passley, Ph.D., CEO of ZenaTech. “The firm is a natural fit to help execute our growth strategy for crop health monitoring and precision spraying to serve viticulture, large estates, and commercial farming operations across California.”

    With the global agricultural drone market projected to reach USD 10.3 billion by 2030, driven by rising demand for precision technologies in farming, California stands out as a key growth region as well as being home to nearly 90% of all US vineyard acreage. Considering California’s mounting climate and agricultural challenges, ZenaTech’s AI-powered autonomous drone solutions offer timely, scalable innovation that serves the needs of commercial enterprises, cooperatives, agriculture consultants, and public sector stakeholders.

    ZenaTech’s Drone as a Service (DaaS) business model offers both business and government customers reduced costs and convenience to utilize drones to streamline legacy processes and manual tasks such as inspections, surveying, maintenance, precision agriculture and inventory management ─ there is no need to purchase drone hardware and software, find a drone pilot, manage maintenance and operation, or acquire regulatory approvals. The model also offers scalability to use more often or less often based on business needs and utilizes ZenaDrone’s multifunction AI autonomous drones.

    The company has closed six acquisitions across the US to date as part of its DaaS business model and strategy and has announced it plans to complete approximately 20 more in the next 12 months. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the markets include:

    Ondas Holdings Inc. (NASDAQ: ONDS) recently announced that its subsidiary, American Robotics Inc., has entered into a strategic partnership with Mistral Inc. (“Mistral”), a Maryland-based business development and defense contracting firm. The agreement focuses on joint marketing, sales, and integration of the Optimus drone system and Iron Drone Raider into the United States defense and homeland security markets.

    Under the agreement, Mistral will support American Robotics’ business development by opening sales channels through its well-established relationships with U.S. governmental buyers, including federal, state, local law enforcement, military, and homeland security entities. The initial term of the agreement is three years, with an automatic renewal option and a structured success fee model based on realized sales.

    “This collaboration with Mistral accelerates and strengthens our commercial strategy in the U.S., enhancing our ability to deliver mission-ready autonomous systems to the homeland security and defense sectors,” said Eric Brock, Chairman and CEO of Ondas Holdings. “We are witnessing increased demand for advanced aerial intelligence and counter-drone solutions, and Mistral’s deep relationships, experience, and operational know-how make them an ideal partner to scale our footprint in this critical market.”

    Trimble Inc. (NASDAQ: TRMB)‘s Trimble Stratus – With Trimble Stratus Software, one can use drone data to map, measure, and manage worksite and assets. Connect the right information to the right people at the right time.

    Survey Frequently and Faster – Get accurate, up-to-date topographic surveys whenever you need without having to bring in a survey crew – Avoid information bottlenecks by getting answers to questions yourself with an intuitive, web-based tool – Survey inaccessible or hazardous areas safely using a drone.

    NVIDIA Corporation (NASDAQ: NVDA) – Nvidia AI Technology Added to Vision for Autonomous Drones – Generative AI modules aim to upgrade Foresight’s vision systems with additional computing power – Vision software company Foresight Autonomous Holdings has integrated Nvidia’s Jetson Orin generative AI computing modules into its 3D-perception system.

    Foresight is using Nvidia’s Jetson Orin Nano and Jetson AGX Orin modules to improve the capabilities of its perception systems deployed in various use cases, with a major focus on autonomous drones and unmanned aerial vehicles.

    The Jetson modules, which are used in generative AI, computer vision and advanced robotics, upgrade Foresight’s vision system with the computing power needed for autonomous drones and UAVs, according to Foresight.

    Amazon (NASDAQ: AMZN) – Amazon’s drones deliver items in 60 minutes or less—here’s how we simplified the process. – Prime Air built an easy-to-use customer experience to make ordering and receiving a wide selection of items via drone delivery faster than ever. It’s never been easier to receive a drone delivery from Amazon if you live in one of the locations where we currently offer it. From tapping the “place your order” button to seeing the item delivered, the entire process takes 60 minutes or less. So, if you realize you need more sunscreen or forgot you needed more batteries, but don’t have time to make a trip to the store, Amazon has you covered.

    It all starts at Amazon.com or in the Amazon Shopping app. Customers can choose more than 60,000 items for drone delivery as our selection continues to grow. Recently, we received FAA approval to deliver several new categories of items, including devices like Apple iPhones, Samsung Galaxy cellphones, Apple AirTags, Apple AirPods, Ring doorbells, and Alpha Grillers Instant Read Food Thermometers. All you need to do is select the drone delivery option when you check out if you’re in an eligible area and the item in your cart is 5 pounds or less.

    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 has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company.  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.

    Contact Information:
    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: PLUMAS BANCORP ACQUIRES CORNERSTONE COMMUNITY BANCORP

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., July 02, 2025 (GLOBE NEWSWIRE) — Plumas Bancorp (“Plumas”) (Nasdaq: PLBC) announced today the completion of its acquisition of Cornerstone Community Bancorp (“Cornerstone”), the holding company for Cornerstone Community Bank, effective July 1, 2025. On the same day, Cornerstone Community Bank merged with and into Plumas’s subsidiary, Plumas Bank. The transaction was previously announced on January 28, 2025.

    Under the terms of the merger agreement between Plumas and Cornerstone, each issued and outstanding share of common stock of Cornerstone was converted into the right to receive a combination of 0.6608 shares of Plumas common stock and $9.75 in cash. The value of the total deal consideration was approximately $61.3 million, based on the closing price of Plumas common stock of $44.46 per share on June 30, 2025.

    “We are pleased to welcome the clients, employees, and shareholders of Cornerstone,” said Andrew J. Ryback, President and Chief Executive Officer, Plumas Bancorp. “This transaction is a pivotal milestone in our company’s evolution. By integrating Cornerstone Community Bank’s deep local expertise with Plumas Bank’s advanced technology and small business solutions, we are enhancing the services available to our communities. We look forward to providing long-term value to our combined shareholders, clients, team members, and communities we serve.”

    In accordance with the merger agreement, Plumas appointed Ken Robison, a director of Cornerstone, to the board of directors of Plumas and Plumas Bank effective as of July 1, 2025. Mr. Robison is president and broker/owner of Robison Real Estate Corporation in Red Bluff, Calif., and former owner of RE/Max Top Properties. Robison is active in the Tehama and Shasta communities, previously serving on the Red Bluff City Council and as Mayor of Red Bluff for two terms. Robison holds an MBA from California State University, Chico.

    In addition, Cornerstone’s President and Chief Executive Officer, Matthew B. Moseley, will continue with Plumas Bank as Executive Vice President and Market President. Moseley joined Cornerstone Community Bank in August 2011 as a senior vice president/credit administrator. He was promoted to positions as the bank’s executive vice president/chief lending officer, executive vice president/chief banking officer, and executive vice president/chief credit officer. In 2022, Moseley assumed the role of president and CEO of Cornerstone Community Bank and Cornerstone Community Bancorp. Moseley is an honors graduate of Simpson University and an honors graduate of Pacific Coast Banking School.

    Director, President and Chief Executive Officer of Plumas Bancorp and Plumas Bank, Andrew J. Ryback, remarked, “We are pleased to welcome Ken Robison to the board. His extensive involvement in communities within our expanded footprint and knowledge of real estate markets will help us grow and prosper in this region for years to come. We are also excited to welcome Matt Moseley to the executive team as Market President. His wealth of leadership experience, deep credit expertise, and strong regional connections will be invaluable in driving success for our company, clients, and the communities we serve.”

    Robison commented, “I am grateful for the opportunity to serve on the Plumas Bancorp Board and excited to contribute to its ongoing success. The core values of Plumas Bank closely align with those of Cornerstone Community Bank, reinforcing a shared commitment to community growth. I am confident that Plumas Bank’s dedication to its communities will lead to enhanced services in the region. I look forward to supporting the bank’s efforts in delivering innovative financial solutions to small businesses, entrepreneurs, and families in northern California and beyond.”

    Moseley stated, “I am thrilled to join Plumas Bank as we embark on this exciting new chapter together. The synergy between our teams, shared values, and commitment to excellence make this transition seamless and full of potential. I look forward to collaborating to drive innovation, enhance services, and create even greater opportunities for our clients and communities. This is a powerful moment for growth, and I am eager to contribute to the future success of our combined organizations.”

    As of March 31, 2025, Cornerstone had total assets of $648 million, total loans outstanding of $492 million and total deposits of $572 million. With the completion of the merger, Plumas Bank adds four branches in Anderson, Red Bluff and Redding (two branches), California.

    With the addition of Cornerstone, on a pro forma combined basis, Plumas had total assets of approximately $2.3 billion, total loans outstanding of approximately $1.5 billion and total deposits of approximately $1.9 billion as of March 31, 2025 (unaudited).

    Raymond James & Associates, Inc. served as financial advisor to Plumas in the transaction. Sheppard, Mullin, Richter & Hampton LLP served as legal counsel to Plumas. Performance Trust Capital Partners, LLC served as financial advisor to Cornerstone and delivered a fairness opinion to its board of directors. Gary Steven Findley & Associates served as legal counsel to Cornerstone.

    Investor Relations Contact:

    Plumas Bancorp
    5525 Kietzke Lane Ste. 100
    Reno, NV 89511
    775.786.0907 x8908
    investorrelations@plumasbank.com

    Cautionary Note Regarding Forward-Looking Statements

    This release contains “forward-looking statements” that are subject to the safe harbor provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include but are not limited to plans, expectations, projections, and statements about Plumas and the benefits of the merger and other statements that are not historical facts. Forward-looking statements involve risks and uncertainties that are difficult to predict. Factors that could cause or contribute to results differing from those in or implied in the forward-looking statements include but are not limited to the ability of Plumas successfully integrate Cornerstone’s business with its own; cost savings being less than anticipated; changes in economic conditions; the risk that the merger disrupts the business of Plumas, Cornerstone or both; difficulties in retaining senior management, employees or customers; and other factors that may affect the future results of the combined company. Further information regarding risk factors is contained in Plumas’s filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2024 and its registration statement on Form S-4 with respect to merger, copies of which are available on the SEC’s website at www.sec.gov and the investor relations section of Plumas’s website at www.plumasbank.com. Forward-looking statements made in this release speak only as of the date of this release. Plumas undertakes no obligation to revise or publicly release any revision or update to these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.

    The MIL Network –

  • MIL-OSI: PLUMAS BANCORP ACQUIRES CORNERSTONE COMMUNITY BANCORP

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., July 02, 2025 (GLOBE NEWSWIRE) — Plumas Bancorp (“Plumas”) (Nasdaq: PLBC) announced today the completion of its acquisition of Cornerstone Community Bancorp (“Cornerstone”), the holding company for Cornerstone Community Bank, effective July 1, 2025. On the same day, Cornerstone Community Bank merged with and into Plumas’s subsidiary, Plumas Bank. The transaction was previously announced on January 28, 2025.

    Under the terms of the merger agreement between Plumas and Cornerstone, each issued and outstanding share of common stock of Cornerstone was converted into the right to receive a combination of 0.6608 shares of Plumas common stock and $9.75 in cash. The value of the total deal consideration was approximately $61.3 million, based on the closing price of Plumas common stock of $44.46 per share on June 30, 2025.

    “We are pleased to welcome the clients, employees, and shareholders of Cornerstone,” said Andrew J. Ryback, President and Chief Executive Officer, Plumas Bancorp. “This transaction is a pivotal milestone in our company’s evolution. By integrating Cornerstone Community Bank’s deep local expertise with Plumas Bank’s advanced technology and small business solutions, we are enhancing the services available to our communities. We look forward to providing long-term value to our combined shareholders, clients, team members, and communities we serve.”

    In accordance with the merger agreement, Plumas appointed Ken Robison, a director of Cornerstone, to the board of directors of Plumas and Plumas Bank effective as of July 1, 2025. Mr. Robison is president and broker/owner of Robison Real Estate Corporation in Red Bluff, Calif., and former owner of RE/Max Top Properties. Robison is active in the Tehama and Shasta communities, previously serving on the Red Bluff City Council and as Mayor of Red Bluff for two terms. Robison holds an MBA from California State University, Chico.

    In addition, Cornerstone’s President and Chief Executive Officer, Matthew B. Moseley, will continue with Plumas Bank as Executive Vice President and Market President. Moseley joined Cornerstone Community Bank in August 2011 as a senior vice president/credit administrator. He was promoted to positions as the bank’s executive vice president/chief lending officer, executive vice president/chief banking officer, and executive vice president/chief credit officer. In 2022, Moseley assumed the role of president and CEO of Cornerstone Community Bank and Cornerstone Community Bancorp. Moseley is an honors graduate of Simpson University and an honors graduate of Pacific Coast Banking School.

    Director, President and Chief Executive Officer of Plumas Bancorp and Plumas Bank, Andrew J. Ryback, remarked, “We are pleased to welcome Ken Robison to the board. His extensive involvement in communities within our expanded footprint and knowledge of real estate markets will help us grow and prosper in this region for years to come. We are also excited to welcome Matt Moseley to the executive team as Market President. His wealth of leadership experience, deep credit expertise, and strong regional connections will be invaluable in driving success for our company, clients, and the communities we serve.”

    Robison commented, “I am grateful for the opportunity to serve on the Plumas Bancorp Board and excited to contribute to its ongoing success. The core values of Plumas Bank closely align with those of Cornerstone Community Bank, reinforcing a shared commitment to community growth. I am confident that Plumas Bank’s dedication to its communities will lead to enhanced services in the region. I look forward to supporting the bank’s efforts in delivering innovative financial solutions to small businesses, entrepreneurs, and families in northern California and beyond.”

    Moseley stated, “I am thrilled to join Plumas Bank as we embark on this exciting new chapter together. The synergy between our teams, shared values, and commitment to excellence make this transition seamless and full of potential. I look forward to collaborating to drive innovation, enhance services, and create even greater opportunities for our clients and communities. This is a powerful moment for growth, and I am eager to contribute to the future success of our combined organizations.”

    As of March 31, 2025, Cornerstone had total assets of $648 million, total loans outstanding of $492 million and total deposits of $572 million. With the completion of the merger, Plumas Bank adds four branches in Anderson, Red Bluff and Redding (two branches), California.

    With the addition of Cornerstone, on a pro forma combined basis, Plumas had total assets of approximately $2.3 billion, total loans outstanding of approximately $1.5 billion and total deposits of approximately $1.9 billion as of March 31, 2025 (unaudited).

    Raymond James & Associates, Inc. served as financial advisor to Plumas in the transaction. Sheppard, Mullin, Richter & Hampton LLP served as legal counsel to Plumas. Performance Trust Capital Partners, LLC served as financial advisor to Cornerstone and delivered a fairness opinion to its board of directors. Gary Steven Findley & Associates served as legal counsel to Cornerstone.

    Investor Relations Contact:

    Plumas Bancorp
    5525 Kietzke Lane Ste. 100
    Reno, NV 89511
    775.786.0907 x8908
    investorrelations@plumasbank.com

    Cautionary Note Regarding Forward-Looking Statements

    This release contains “forward-looking statements” that are subject to the safe harbor provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include but are not limited to plans, expectations, projections, and statements about Plumas and the benefits of the merger and other statements that are not historical facts. Forward-looking statements involve risks and uncertainties that are difficult to predict. Factors that could cause or contribute to results differing from those in or implied in the forward-looking statements include but are not limited to the ability of Plumas successfully integrate Cornerstone’s business with its own; cost savings being less than anticipated; changes in economic conditions; the risk that the merger disrupts the business of Plumas, Cornerstone or both; difficulties in retaining senior management, employees or customers; and other factors that may affect the future results of the combined company. Further information regarding risk factors is contained in Plumas’s filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2024 and its registration statement on Form S-4 with respect to merger, copies of which are available on the SEC’s website at www.sec.gov and the investor relations section of Plumas’s website at www.plumasbank.com. Forward-looking statements made in this release speak only as of the date of this release. Plumas undertakes no obligation to revise or publicly release any revision or update to these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.

    The MIL Network –

  • MIL-OSI: Rate’s Jennifer Beeston Named 2025 HousingWire Woman of Influence

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, July 02, 2025 (GLOBE NEWSWIRE) — Rate, a leading fintech company, today announced that Jennifer Beeston, EVP of National Sales, has been named a 2025 Woman of Influence by HousingWire. Now in its 16th year, the Women of Influence program honors 100 women across mortgage, real estate, and fintech who are making a measurable impact on their organizations and the broader housing economy.

    “The Women of Influence award highlights the leaders whose work is actively shaping the future of housing, something HousingWire has been committed to recognizing since the program launched 16 years ago,” said Clayton Collins, CEO of HW Media. “HousingWire Women of Influence honorees are leading meaningful progress across the housing economy, with influence spanning mortgage, real estate, and the entire homeownership experience. They’re driving real results at some of the industry’s most impactful organizations.”

    A mortgage loan officer for 18 years, Beeston consistently ranks among the top purchase loan officers in the country. She is the first woman to be named the #1 VA loan originator by Scotsman Guide and currently holds the top spot for VA purchase loan originations nationwide for the second consecutive year.

    Beeston is passionate about financial education. “Every American should understand the basics of finance, including how to buy a house. Homeownership is the cornerstone of wealth creation in America. I educate people on YouTube so that anyone with an interest has access to easy-to-understand information that can help them achieve their financial goals.”

    Media frequently seeks her out for her insights at the intersection of financial education and innovation, including the entry of cryptocurrency into the mortgage lending conversation. On the topic, Beeston notes:

    “As the financial landscape evolves, it’s important for lending to keep pace. Allowing borrowers to count cryptocurrency toward their reserve requirements is a smart, forward-looking move, as long as it’s done responsibly. Many financially savvy clients are building wealth in digital assets, and they shouldn’t have to liquidate just to qualify for a home. We need to meet people where they are while maintaining sensible guardrails.” For more on this topic from Beeston, please listen to this recent interview with Host Josh Lipton on Yahoo Finance.

    As she serves customers nationwide, she combines Rate technology and diverse loan programs with a mission-driven approach. Her platform has earned the trust of over 100,000 YouTube subscribers and garnered national recognition as a trusted expert from prominent outlets, including NewsNation, Yahoo Finance, Fox, Newsweek, and Fortune.

    “Jennifer is the definition of a mission-driven leader,” said Shant Banosian, President of Rate. “She brings passion, intelligence, and heart to everything she does, and the impact she’s made on our business, our team, and the industry at large is nothing short of extraordinary. We’re incredibly proud to see her recognized by HousingWire as a Woman of Influence.”

    In addition to being a top producer, Beeston is the creator of NoStressVA.com, a free online course designed to help veterans and industry professionals better understand and navigate the VA home loan benefit. Her advocacy work combats misinformation and empowers borrowers to make informed decisions—an approach that aligns closely with Rate’s commitment to transparency and consumer-first lending.

    She is also the author of Brainhacked: How Big Tech Trains You to Spend and How to Fight Back, a guide to staying true to your financial goals in the modern era of “click, click, buy.”

    Beeston is a mentor and cultural force within Rate. Her consumer advocacy has generated meaningful brand equity, and inspired colleagues across the organization. Through her voice, content, and leadership, she has become one of the most trusted names in lending.

    “It’s an honor to be named among this year’s Women of Influence,” said Beeston. “The mortgage industry is transforming at a record pace. From new and exciting developments in AI to potential crypto integration, conscious and thoughtful leadership is crucial in ensuring we act in the best interest of our clients and enhance their experience and options for homeownership. This group represents some of the most inspiring, forward-thinking leaders in housing today. I’m proud to stand alongside those who are reimagining how we serve Americans, build trust, and expand access to homeownership. Together, we’re helping shape a more transparent future for the industry.”

    HousingWire’s editorial team selected winners and a panel of industry professionals based on their professional accomplishments, industry contributions, community involvement, and overall influence. The 2025 list reflects the depth and diversity of talent that will lead housing into the future.

    To view the complete list of this year’s honorees, see here: https://www.housingwire.com/articles/announcing-the-2025-women-of-influence/

    About Rate

    Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington, D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans, refinances, and home equity loans. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Recent honors and awards include: a Best Mortgage Lender of 2025 by Fortune; Best Mortgage Lender of 2025 for First-Time Homebuyers by Forbes; a Best Mortgage Lender of 2025 for FHA Loans, Home Equity Loans, and Lower Credit Scores by NerdWallet; Best Mortgage Lender of 2025 for Digital Experience and Down Payment Assistance by Motley Fool; Chicago Agent Magazine’s Lender of the Year for seven consecutive years.

    Visit rate.com for more information.

    About HousingWire

    HousingWire is an information services company that provides unique data and research, respected business journalism and must-attend events for housing leaders to use to advance their understanding and business outcomes. Our vision is a world in which housing leaders have a complete view of the housing market, and a broad community of peers with whom they can connect. We are committed to delivering the data, analytics, media, and events that advance this vision.

    Because housing is too important for narrow perspectives and missed connections. Informed housing leaders are better housing leaders. A connected housing industry is a better housing industry. And the full picture always reveals new opportunities.

    Explore more at www.housingwire.com.

    Media Contact(s)

    For Rate:

    press@rate.com

    For HousingWire:

    Lesley Collins
    lesley@hwmedia.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8646a05d-31e9-4ce4-82b1-cbd3b5d4c94a

    The MIL Network –

  • MIL-OSI: Rate’s Jennifer Beeston Named 2025 HousingWire Woman of Influence

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, July 02, 2025 (GLOBE NEWSWIRE) — Rate, a leading fintech company, today announced that Jennifer Beeston, EVP of National Sales, has been named a 2025 Woman of Influence by HousingWire. Now in its 16th year, the Women of Influence program honors 100 women across mortgage, real estate, and fintech who are making a measurable impact on their organizations and the broader housing economy.

    “The Women of Influence award highlights the leaders whose work is actively shaping the future of housing, something HousingWire has been committed to recognizing since the program launched 16 years ago,” said Clayton Collins, CEO of HW Media. “HousingWire Women of Influence honorees are leading meaningful progress across the housing economy, with influence spanning mortgage, real estate, and the entire homeownership experience. They’re driving real results at some of the industry’s most impactful organizations.”

    A mortgage loan officer for 18 years, Beeston consistently ranks among the top purchase loan officers in the country. She is the first woman to be named the #1 VA loan originator by Scotsman Guide and currently holds the top spot for VA purchase loan originations nationwide for the second consecutive year.

    Beeston is passionate about financial education. “Every American should understand the basics of finance, including how to buy a house. Homeownership is the cornerstone of wealth creation in America. I educate people on YouTube so that anyone with an interest has access to easy-to-understand information that can help them achieve their financial goals.”

    Media frequently seeks her out for her insights at the intersection of financial education and innovation, including the entry of cryptocurrency into the mortgage lending conversation. On the topic, Beeston notes:

    “As the financial landscape evolves, it’s important for lending to keep pace. Allowing borrowers to count cryptocurrency toward their reserve requirements is a smart, forward-looking move, as long as it’s done responsibly. Many financially savvy clients are building wealth in digital assets, and they shouldn’t have to liquidate just to qualify for a home. We need to meet people where they are while maintaining sensible guardrails.” For more on this topic from Beeston, please listen to this recent interview with Host Josh Lipton on Yahoo Finance.

    As she serves customers nationwide, she combines Rate technology and diverse loan programs with a mission-driven approach. Her platform has earned the trust of over 100,000 YouTube subscribers and garnered national recognition as a trusted expert from prominent outlets, including NewsNation, Yahoo Finance, Fox, Newsweek, and Fortune.

    “Jennifer is the definition of a mission-driven leader,” said Shant Banosian, President of Rate. “She brings passion, intelligence, and heart to everything she does, and the impact she’s made on our business, our team, and the industry at large is nothing short of extraordinary. We’re incredibly proud to see her recognized by HousingWire as a Woman of Influence.”

    In addition to being a top producer, Beeston is the creator of NoStressVA.com, a free online course designed to help veterans and industry professionals better understand and navigate the VA home loan benefit. Her advocacy work combats misinformation and empowers borrowers to make informed decisions—an approach that aligns closely with Rate’s commitment to transparency and consumer-first lending.

    She is also the author of Brainhacked: How Big Tech Trains You to Spend and How to Fight Back, a guide to staying true to your financial goals in the modern era of “click, click, buy.”

    Beeston is a mentor and cultural force within Rate. Her consumer advocacy has generated meaningful brand equity, and inspired colleagues across the organization. Through her voice, content, and leadership, she has become one of the most trusted names in lending.

    “It’s an honor to be named among this year’s Women of Influence,” said Beeston. “The mortgage industry is transforming at a record pace. From new and exciting developments in AI to potential crypto integration, conscious and thoughtful leadership is crucial in ensuring we act in the best interest of our clients and enhance their experience and options for homeownership. This group represents some of the most inspiring, forward-thinking leaders in housing today. I’m proud to stand alongside those who are reimagining how we serve Americans, build trust, and expand access to homeownership. Together, we’re helping shape a more transparent future for the industry.”

    HousingWire’s editorial team selected winners and a panel of industry professionals based on their professional accomplishments, industry contributions, community involvement, and overall influence. The 2025 list reflects the depth and diversity of talent that will lead housing into the future.

    To view the complete list of this year’s honorees, see here: https://www.housingwire.com/articles/announcing-the-2025-women-of-influence/

    About Rate

    Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington, D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans, refinances, and home equity loans. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Recent honors and awards include: a Best Mortgage Lender of 2025 by Fortune; Best Mortgage Lender of 2025 for First-Time Homebuyers by Forbes; a Best Mortgage Lender of 2025 for FHA Loans, Home Equity Loans, and Lower Credit Scores by NerdWallet; Best Mortgage Lender of 2025 for Digital Experience and Down Payment Assistance by Motley Fool; Chicago Agent Magazine’s Lender of the Year for seven consecutive years.

    Visit rate.com for more information.

    About HousingWire

    HousingWire is an information services company that provides unique data and research, respected business journalism and must-attend events for housing leaders to use to advance their understanding and business outcomes. Our vision is a world in which housing leaders have a complete view of the housing market, and a broad community of peers with whom they can connect. We are committed to delivering the data, analytics, media, and events that advance this vision.

    Because housing is too important for narrow perspectives and missed connections. Informed housing leaders are better housing leaders. A connected housing industry is a better housing industry. And the full picture always reveals new opportunities.

    Explore more at www.housingwire.com.

    Media Contact(s)

    For Rate:

    press@rate.com

    For HousingWire:

    Lesley Collins
    lesley@hwmedia.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8646a05d-31e9-4ce4-82b1-cbd3b5d4c94a

    The MIL Network –

  • MIL-OSI: Prairie Operating Co. Announces $12.5 Million Strategic Acquisition to Accelerate Growth in the DJ Basin

    Source: GlobeNewswire (MIL-OSI)

    Houston, TX, July 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”), an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin, today announced the acquisition of certain assets from Edge Energy II LLC (“Edge Energy”) in an off-market transaction for $12.5 million in cash, funded through the Company’s credit facility, resulting in a non-dilutive transaction for shareholders.

    “This strategic and highly accretive bolt-on acquisition enhances our existing footprint in the DJ Basin,” said Edward Kovalik, Chairman and CEO. “With a high working interest, established cash flow, and development-ready drilling locations, this transaction aligns with our capital allocation strategy and adds near-term value and long-term inventory.”

    The Edge Energy acquisition represents a strategic addition of approximately 11,000 net acres to expand Prairie’s DJ Basin footprint to approximately 60,000 net acres. The attractive mix of current production and future development of the Edge Energy assets enhances Prairie’s inventory depth, accelerates near-term development plans, and supports continued cash flow growth.

    KEY TRANSACTION HIGHLIGHTS

    • Acquisition Price: $12.5 million
    • Non-Dilutive: Cash transaction utilizing credit facility
    • Net Acres: ~11,000
    • Current Production: ~190 Boepd (from 47 operated and non-operated PDP wells)
    • Working Interest: ~88%
    • Future Inventory: 40 (two-mile laterals)
    • Permits: Eight approved permits and eight additional permits in process
    • Development-Ready: Simpson pad fully permitted and ready to drill

    DEVELOPMENT AND INTEGRATION PLANS

    The Company plans to commence development of the acquired assets in August 2025, starting with the fully permitted Simpson pad. Simultaneously, the Company will begin permitting additional PUD locations to enable near-term future development. This acquisition delivers immediate scale, existing production, and a clear path to growth through high-quality operated drilling inventory.

    About Prairie Operating Co.

    Prairie Operating Co. is a Houston-based publicly traded independent energy company engaged in the development and acquisition of oil and natural gas resources in the United States. The Company’s assets and operations are concentrated in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with a primary focus on the Niobrara and Codell formations. The Company is committed to the responsible development of its oil and natural gas resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation. More information about the Company can be found at www.prairieopco.com.

    Cautionary Statement about Forward-Looking Statements

    The information included herein and in any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included herein, are forward-looking statements. When used herein, including any oral statements made in connection herewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on the Company’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. The Company cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. There may be additional risks not currently known by the Company or that the Company currently believes are immaterial that could cause actual results to differ from those contained in the forward-looking statements. Additional information concerning these and other factors that may impact the Company’s expectations can be found in the Company’s periodic filings with the Securities and Exchange Commission (the “SEC”), including the Company’s Annual Report on Form 10-K filed with the SEC on March 6, 2025, and any subsequently filed Quarterly Report and Current Report on Form 8-K. The Company’s SEC filings are available publicly on the SEC’s website at www.sec.gov. 

    Investor Relations Contact:

    Wobbe Ploegsma
    info@prairieopco.com
    832.274.3449

    The MIL Network –

  • MIL-OSI: Prairie Operating Co. Announces $12.5 Million Strategic Acquisition to Accelerate Growth in the DJ Basin

    Source: GlobeNewswire (MIL-OSI)

    Houston, TX, July 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”), an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin, today announced the acquisition of certain assets from Edge Energy II LLC (“Edge Energy”) in an off-market transaction for $12.5 million in cash, funded through the Company’s credit facility, resulting in a non-dilutive transaction for shareholders.

    “This strategic and highly accretive bolt-on acquisition enhances our existing footprint in the DJ Basin,” said Edward Kovalik, Chairman and CEO. “With a high working interest, established cash flow, and development-ready drilling locations, this transaction aligns with our capital allocation strategy and adds near-term value and long-term inventory.”

    The Edge Energy acquisition represents a strategic addition of approximately 11,000 net acres to expand Prairie’s DJ Basin footprint to approximately 60,000 net acres. The attractive mix of current production and future development of the Edge Energy assets enhances Prairie’s inventory depth, accelerates near-term development plans, and supports continued cash flow growth.

    KEY TRANSACTION HIGHLIGHTS

    • Acquisition Price: $12.5 million
    • Non-Dilutive: Cash transaction utilizing credit facility
    • Net Acres: ~11,000
    • Current Production: ~190 Boepd (from 47 operated and non-operated PDP wells)
    • Working Interest: ~88%
    • Future Inventory: 40 (two-mile laterals)
    • Permits: Eight approved permits and eight additional permits in process
    • Development-Ready: Simpson pad fully permitted and ready to drill

    DEVELOPMENT AND INTEGRATION PLANS

    The Company plans to commence development of the acquired assets in August 2025, starting with the fully permitted Simpson pad. Simultaneously, the Company will begin permitting additional PUD locations to enable near-term future development. This acquisition delivers immediate scale, existing production, and a clear path to growth through high-quality operated drilling inventory.

    About Prairie Operating Co.

    Prairie Operating Co. is a Houston-based publicly traded independent energy company engaged in the development and acquisition of oil and natural gas resources in the United States. The Company’s assets and operations are concentrated in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with a primary focus on the Niobrara and Codell formations. The Company is committed to the responsible development of its oil and natural gas resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation. More information about the Company can be found at www.prairieopco.com.

    Cautionary Statement about Forward-Looking Statements

    The information included herein and in any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included herein, are forward-looking statements. When used herein, including any oral statements made in connection herewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on the Company’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. The Company cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. There may be additional risks not currently known by the Company or that the Company currently believes are immaterial that could cause actual results to differ from those contained in the forward-looking statements. Additional information concerning these and other factors that may impact the Company’s expectations can be found in the Company’s periodic filings with the Securities and Exchange Commission (the “SEC”), including the Company’s Annual Report on Form 10-K filed with the SEC on March 6, 2025, and any subsequently filed Quarterly Report and Current Report on Form 8-K. The Company’s SEC filings are available publicly on the SEC’s website at www.sec.gov. 

    Investor Relations Contact:

    Wobbe Ploegsma
    info@prairieopco.com
    832.274.3449

    The MIL Network –

  • MIL-OSI: Fortinet to Announce Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., July 02, 2025 (GLOBE NEWSWIRE) —

    News Summary
    Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a conference call to discuss its second quarter 2025 financial results on Wednesday, August 6, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

    Fortinet’s financial results conference call will be broadcast live in listen-only mode on the company’s investor relations website at http://investor.fortinet.com. While not required, it is recommended that you join at least 10 minutes prior to the event start.

    The CEO and CFO’s prepared remarks, supplemental slides and a call replay will be accessible from the Quarterly Earnings page on the Investor Relations page of Fortinet’s website at https://investor.fortinet.com/quarterly-earnings.

    About Fortinet (www.fortinet.com)
    Fortinet (Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams (“CERTS”), government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs. 

    FTNT-F
    Copyright © 2025 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAgent, FortiAI, FortiAIOps, FortiAgent, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiCNP, FortiConnect, FortiController, FortiConverter, FortiCSPM, FortiCWP, FortiDAST, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiDLP, FortiEdge, FortiEDR, FortiEndpoint FortiExplorer, FortiExtender, FortiFirewall, FortiFlex FortiFone, FortiGSLB, FortiGuest, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMonitor, FortiNAC, FortiNDR, FortiPAM, FortiPenTest, FortiPhish, FortiPoint, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiScanner, FortiSDNConnector, FortiSEC, FortiSIEM, FortiSMS, FortiSOAR, FortiSRA, FortiStack, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM, FortiXDR and Lacework FortiCNAPP. Other trademarks belong to their respective owners.

    Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.

    The MIL Network –

  • MIL-OSI: Fortinet to Announce Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., July 02, 2025 (GLOBE NEWSWIRE) —

    News Summary
    Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a conference call to discuss its second quarter 2025 financial results on Wednesday, August 6, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

    Fortinet’s financial results conference call will be broadcast live in listen-only mode on the company’s investor relations website at http://investor.fortinet.com. While not required, it is recommended that you join at least 10 minutes prior to the event start.

    The CEO and CFO’s prepared remarks, supplemental slides and a call replay will be accessible from the Quarterly Earnings page on the Investor Relations page of Fortinet’s website at https://investor.fortinet.com/quarterly-earnings.

    About Fortinet (www.fortinet.com)
    Fortinet (Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams (“CERTS”), government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs. 

    FTNT-F
    Copyright © 2025 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAgent, FortiAI, FortiAIOps, FortiAgent, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiCNP, FortiConnect, FortiController, FortiConverter, FortiCSPM, FortiCWP, FortiDAST, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiDLP, FortiEdge, FortiEDR, FortiEndpoint FortiExplorer, FortiExtender, FortiFirewall, FortiFlex FortiFone, FortiGSLB, FortiGuest, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMonitor, FortiNAC, FortiNDR, FortiPAM, FortiPenTest, FortiPhish, FortiPoint, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiScanner, FortiSDNConnector, FortiSEC, FortiSIEM, FortiSMS, FortiSOAR, FortiSRA, FortiStack, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM, FortiXDR and Lacework FortiCNAPP. Other trademarks belong to their respective owners.

    Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.

    The MIL Network –