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Category: Finance

  • MIL-OSI USA: ICE worksite enforcement operation uncovers widespread identity theft affecting more than 100 victims across the nation

    Source: US Immigration and Customs Enforcement

    OMAHA, Neb. — A recent worksite enforcement operation led by U.S. immigration and Customs Enforcement revealed massive identity theft impacting unsuspecting U.S. citizens whose personal information was used by illegal aliens to gain unlawful employment at Glenn Valley Foods.

    The ICE-led multiagency investigation uncovered approximately 70 illegal aliens who were using stolen Social Security numbers and identities to unlawfully obtain wages, health benefits and employment authorization, leaving more than 100 real victims to face devastating financial, emotional and legal consequences.

    “There have been individuals who have gone on the record recently referring to the identity thieves we arrested last week as ‘good, hardworking, and honest,’” said Mark Zito, special agent in charge of Homeland Security Investigations Kansas City, which covers Omaha. “These so-called honest workers have caused an immeasurable amount of financial and emotional hardship for innocent Americans. If pretending to be someone you aren’t in order to steal their lives isn’t blatant, criminal dishonesty, I don’t know what is.”

    Some examples of the impact of these stolen identities include:

    • A healthcare provider was forced to deny medically necessary prescriptions to a victim in Pennsylvania after his identity was stolen. It was later determined that someone used the victim’s name and Social Security number to illegally gain employment and healthcare benefits based on fraudulent employment at Glenn Valley Foods.
    • A disabled victim in Texas, who was unable to work, struggled to get their Social Security disability payments because an illegal alien was fraudulently using their identity and earning wages at Glenn Valley Foods.
    • The IRS requested a victim in Colorado to repay more than $5,000 after their income was falsely increased due to an illegal alien stealing their identity and using it to work at Glenn Valley Foods.
    • A full-time nursing student from Missouri lost their college tuition assistance because it was fraudulently reported that they earned too much money. The investigation revealed that an illegal alien at Glenn Valley Foods was using their Social Security number for employment. The same victim was also unable to renew their Missouri driver’s license, until HSI contacted the Department of Motor Vehicles on their behalf, because the alien who stole her identity has multiple unpaid traffic violations.
    • A victim in California has been working for nearly 15 years to regain their identity and fix the financial damage done by an illegal alien who was working at Glenn Valley Foods.

    “The criminals who stole these identities didn’t just break the law, they upended lives,” concluded Zito. “These victims aren’t faceless statistics; they’re real people who are being denied healthcare and have lost educational opportunities.”

    The investigation is ongoing.

    Members of the public with information about suspected immigration violations or related criminal activity are encouraged to contact the ICE Tip Line at 866-DHS-2-ICE (866-347-2423) or submit information online via the ICE Tip Form.

    To schedule an interview please contact Public Affairs Officer Tanya Roman at Tanya.Roman@hsi.dhs.gov.

    MIL OSI USA News –

    June 19, 2025
  • MIL-OSI USA: ICE worksite enforcement operation uncovers widespread identity theft affecting more than 100 victims across the nation

    Source: US Immigration and Customs Enforcement

    OMAHA, Neb. — A recent worksite enforcement operation led by U.S. immigration and Customs Enforcement revealed massive identity theft impacting unsuspecting U.S. citizens whose personal information was used by illegal aliens to gain unlawful employment at Glenn Valley Foods.

    The ICE-led multiagency investigation uncovered approximately 70 illegal aliens who were using stolen Social Security numbers and identities to unlawfully obtain wages, health benefits and employment authorization, leaving more than 100 real victims to face devastating financial, emotional and legal consequences.

    “There have been individuals who have gone on the record recently referring to the identity thieves we arrested last week as ‘good, hardworking, and honest,’” said Mark Zito, special agent in charge of Homeland Security Investigations Kansas City, which covers Omaha. “These so-called honest workers have caused an immeasurable amount of financial and emotional hardship for innocent Americans. If pretending to be someone you aren’t in order to steal their lives isn’t blatant, criminal dishonesty, I don’t know what is.”

    Some examples of the impact of these stolen identities include:

    • A healthcare provider was forced to deny medically necessary prescriptions to a victim in Pennsylvania after his identity was stolen. It was later determined that someone used the victim’s name and Social Security number to illegally gain employment and healthcare benefits based on fraudulent employment at Glenn Valley Foods.
    • A disabled victim in Texas, who was unable to work, struggled to get their Social Security disability payments because an illegal alien was fraudulently using their identity and earning wages at Glenn Valley Foods.
    • The IRS requested a victim in Colorado to repay more than $5,000 after their income was falsely increased due to an illegal alien stealing their identity and using it to work at Glenn Valley Foods.
    • A full-time nursing student from Missouri lost their college tuition assistance because it was fraudulently reported that they earned too much money. The investigation revealed that an illegal alien at Glenn Valley Foods was using their Social Security number for employment. The same victim was also unable to renew their Missouri driver’s license, until HSI contacted the Department of Motor Vehicles on their behalf, because the alien who stole her identity has multiple unpaid traffic violations.
    • A victim in California has been working for nearly 15 years to regain their identity and fix the financial damage done by an illegal alien who was working at Glenn Valley Foods.

    “The criminals who stole these identities didn’t just break the law, they upended lives,” concluded Zito. “These victims aren’t faceless statistics; they’re real people who are being denied healthcare and have lost educational opportunities.”

    The investigation is ongoing.

    Members of the public with information about suspected immigration violations or related criminal activity are encouraged to contact the ICE Tip Line at 866-DHS-2-ICE (866-347-2423) or submit information online via the ICE Tip Form.

    To schedule an interview please contact Public Affairs Officer Tanya Roman at Tanya.Roman@hsi.dhs.gov.

    MIL OSI USA News –

    June 19, 2025
  • MIL-OSI: Willis Lease Finance Corporation Announces Closing of $596.0 Million in Fixed Rate Notes

    Source: GlobeNewswire (MIL-OSI)

    COCONUT CREEK, Fla., June 18, 2025 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, announced today that its wholly-owned subsidiary, Willis Engine Structured Trust VIII (“WEST”), has completed the previously announced offering of $524,000,000 in aggregate principal amount of Series A Fixed Rate Notes (the “Series A Notes”) and $72,000,000 in aggregate principal amount of Series B Fixed Rate Notes (the “Series B Notes” and, together with the Series A Notes, the “Notes”).

    The Notes are secured by, among other things, WEST’s direct and indirect interests in a portfolio of 62 aircraft engines and two airframes, which WEST will acquire from WLFC or its other subsidiaries, pursuant to an asset purchase agreement. The final subscription was 3.60x (gross) and 5.10x (avail) on the Series A Notes and 7.15x (gross) and 13.00x (avail) on the Series B Notes.

    The Series A Notes and Series B Notes have a fixed coupon of 5.582% and 6.070%, respectively, an expected maturity of approximately six years, an expected weighted average life (based on certain modeling assumptions) of 5.1 years and a final maturity of 25 years. The Series A Notes and Series B Notes were issued at a price of 99.99721% and 99.99711% of par, respectively.

    The Notes offered by WEST have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any other securities laws of any jurisdiction, and may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from registration requirements. The Notes were offered only to persons reasonably believed to be “qualified institutional buyers” as defined in, and in reliance on, Rule 144A under the Securities Act and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act.

    This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the Securities Act or the securities laws of any such jurisdiction.

    Willis Lease Finance Corporation

    Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services. Willis Sustainable Fuels intends to develop, build and operate projects to help decarbonize aviation.

    Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

    CONTACT: Scott B. Flaherty
    Executive Vice President &
    Chief Financial Officer
    sflaherty@willislease.com
    561.413.0112
       

    The MIL Network –

    June 19, 2025
  • MIL-OSI USA: Gillibrand Introduces Legislation To End Food Deserts

    US Senate News:

    Source: United States Senator for New York Kirsten Gillibrand

    Today, U.S. Senator Kirsten Gillibrand held a virtual press conference to reintroduce her Healthy Food Financing Initiative Reauthorization Act, legislation to help end food deserts. Food deserts are areas where a significant portion of residents don’t have easy access to a grocery store and affordable, nutritious food. Instead, they are forced to rely on corner and convenience stores, which often sell little to no fresh produce, meat or dairy and whose prices are higher than those of a typical supermarket. 

    Gillibrand’s legislation would provide $50 million annually in mandatory federal funding for the Healthy Food Financing Initiative (HFFI). HFFI is a USDA program that offers loans and grants to incentivize grocery stores to establish locations in areas where residents lack easy access to fresh food retailers.

    “An easily accessible grocery store is a basic necessity, but hundreds of communities across our state don’t have consistent access to one,” said Senator Gillibrand. “That means residents have to travel miles outside their neighborhood just to buy staple groceries, a trip that can take hours on foot or by public transit for those without access to a car. It’s unacceptable. This legislation would provide $50 million each year to a federal program that incentivizes grocers to open new locations or expand existing ones to bring fresh food to areas that need it. It is a commonsense bill that would help communities across our country, and I look forward to working to get it passed.” 

    A map of food deserts across New York State is available here.

    In New York State, HFFI has provided financial or technical assistance to 4 fresh food retailers in Troy, Rochester, Buffalo, and Brooklyn, as well as dozens more nationwide. A full list of recipients is available here.

    MIL OSI USA News –

    June 19, 2025
  • MIL-OSI USA: Chairman Crapo Releases Finance Committee Reconciliation Text

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.–U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) today released legislative text within the Finance Committee’s jurisdiction for inclusion in Senate Republicans’ budget reconciliation bill.
    “This bill prevents an over-$4 trillion tax hike and makes the successful 2017 Trump tax cuts permanent, enabling families and businesses to save and plan for the future. 
    “It delivers additional tax relief to middle-class families still recovering from record inflation under the Biden Administration.  It powers the economy by permanently extending critical pro-growth provisions and introduces new incentives for domestic investment, providing certainty for American job creators to spur domestic economic activity and invest in their workers.
    “The legislation also achieves significant savings by slashing Green New Deal spending and targeting waste, fraud and abuse in spending programs while preserving and protecting them for the most vulnerable. 
    “I look forward to continued coordination with our colleagues in the House and the Administration to deliver President Trump’s bold economic agenda for the American people as quickly as possible.”
    Click HERE to view bill text.
    Click HERE for a section-by-section.
    Click HERE for a bill overview.
    Click HERE to view the 2025 Tax Reform landing page.

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    MIL OSI USA News –

    June 19, 2025
  • MIL-OSI USA: Crapo: Senate Republican Plan Powers Economic Growth, Delivers Tax Relief

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.– U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) joined Larry Kudlow on Fox Business to talk about Senate Republicans’ plans to prevent the largest tax hike in U.S. history, power the economy through pro-growth tax policy, provide additional tax relief for working families and address wasteful spending.

    Click here or above to watch the interview

    On the importance of making pro-growth tax policy permanent: 

    [T]he Council of Economic Advisors has indicated that—together with some regulatory reform that President Trump is doing and some of the DOGE activities—we ought to generate somewhere between 4 and 6 percent growth in GDP, and what that translates into with regard to our tax bill is trillions of dollars for growth in capital formations, jobs, wages, benefits and new revenue to the treasury to pay down our deficits.

    This tax package will stop a $4.3 trillion tax increase, and it will make these taxes cuts permanent so that we don’t have to face another tax cliff like this in the future.

    Bonus depreciation—permanent; R&D—permanent; and the EBITDA accounting rules—permanent.  Those three business taxes that are now permanent are a big part of what is going to generate that capital formation in this country and help us grow back to the strength we did when we originally passed the [Tax Cuts and Jobs Act].

    . . .

    [The] 20 percent small business deduction is now permanent.  Our passthrough entities can get treated fairly like corporations do, and be a part of that incredible capital formation and growth that our country is going to see.

    On additional tax relief for American workers, seniors and businesses:

    [I]n addition to stopping a $4.3 trillion tax increase, we’ve got full factory expensing, as President Trump has asked for as well, and a number of other tax cuts. 

    We’ve got no tax on tips, an increase in the deduction for seniors, and we also have no tax on overtime.

    On Republican efforts to reduce spending: 

    We reduce actual spending in our entitlement programs by somewhere between one-and-a-half and $2 trillion, and that spending, as well as the growth element of these tax policies is going to generate a deficit reduction, not a deficit increase.

    The $1.5 to $2 trillion in actual spending reduction is the biggest entitlement reform that has ever been done by Congress.

    Legislative text within the Finance Committee’s jurisdiction can be found here, a section-by-section here and summary here.

    MIL OSI USA News –

    June 19, 2025
  • MIL-OSI Banking: Rosneft’s Green Investments Reach RUB 74 Billion in 2024

    Source: Rosneft

    Headline: Rosneft’s Green Investments Reach RUB 74 Billion in 2024

    The 5th of June is World Environment Day and the aim is to raise public interest in actions that protect ecosystems. In Russia, this date coincides with Ecologist’s Day.

    Rosneft carries out a wide range of activities and projects aimed at preserving a healthy environment. In 2024, the Company’s green investments totalled 74 billion roubles, which was a 16% increase on the previous year. Over the past three years, this figure totalled almost 200 billion roubles.

    The key components of the Company’s long-term environmental agenda are captured in the Rosneft 2030: Reliable Energy and Global Transition strategy. The top priorities in this field for the Company and its subsidiaries are the implementation of programmes to remediate land, including historical heritage land; the improvement of pipeline reliability; and the preservation of water resources and biodiversity in the regions where the Company operates.

    For instance, in 2024, Samotlorneftegaz completed a large-scale programme to remediate historical heritage lands, with the total area exceeding 2.2 thousand hectares. Approximately 85% of all remediation works were carried out by the Company’s own environmental department. The project has led to the development of new technologies and unique experiences that are in demand by other enterprises.

    Rosneft devotes considerable attention to reforestation activities, thereby contributing to the sustainable development of ecosystems, preserving biodiversity, and combating climate change. The Company is working in partnership with the Government of the Krasnoyarsk Territory to develop a far-reaching environmental forestation project. This project aims to unlock the region’s forests’ climate-regulating potential and to promote sustainable development. In 2024, the Company and its subsidiaries planted almost 11 million trees of various types in the regions where they operate.

    Rosneft is committed to the principles of the circular economy and is taking positive steps to implement them across its operations. Improving the efficiency of waste management processes is one of the priority goals of the Company’s 2030 strategy. The Company’s production enterprises have been successfully implementing zero-waste technologies that enable the production of artificial soil – an environmentally friendly construction material – from drilling cuttings.

    Furthermore, the Company’s Samara Group enterprises recycled almost 300 tonnes of exhausted catalyst. A total of 8,000+ tonnes of non-ferrous and ferrous metals were sent for processing by the Achinsk, Saratov, Syzran, Kuibyshev, Novokuibyshevsk refineries, RN-Vankor and Bashneft subsidiaries.

    Approximately 4,500 tonnes of waste oils and emulsions were sent for processing by the Kuibyshev Refinery, the Novokuibyshevsk Refinery, RN-Vankor and Bashneft enterprises.

    Biodiversity conservation is another important area of Rosneft’s environmental activities. For over a decade, the Company has been implementing annual initiatives to replenish Russia’s aquatic bioresources. In 2024, Rosneft’s enterprises released over 21.7 million young fish into the country’s water bodies.

    Volunteers from the Company, its subsidiaries and design institutes are also actively involved in various environmental initiatives and contribute to the development of a culture of rational and responsible consumption of natural resources. Employees and their children participate in activities involving the planting of greenery, with a view to enhancing both urban and natural recreational areas. These activities form part of federal environmental campaigns such as Green Spring, Memory Garden, Water of Russia, Clean Shores, etc.

    For more than 15 years, Samotlorneftegaz volunteers have been organising cleanup days to treat the shoreline of Lake Kymyl-Emtor as part of the nation-wide campaign Water of Russia.

    Samara oil workers assist the staff of the Botanical Garden of Samara University in a number of ways. These include the removal of deadwood and leaves, the purchase of rare plant species and plant seedlings, and the restoration and improvement of springs in the region. In 2024, volunteers in the Samara region collected over 30 cubic metres of rubbish from the banks of the Volga and Sok rivers. Volunteers from the Novokuibyshevsk Petrochemical Company participated in an environmental race, collecting a total of 930 kg of household waste.

    In 2024, RN-Nyaganneftegaz oil workers collected approximately 3 tonnes of household rubbish from the shoreline of the Nyagan-Yugan River.

    On the eve of Victory Day, Rosneft employees organised the cleaning of parks, memorial complexes and monuments dedicated to the Soviet people’s military achievements during the Great Patriotic War.

    The Company’s initiatives play a significant role in preserving natural resources by organising campaigns to collect used batteries, plastic, and waste paper for recycling. In 2024, Rosneft employees recycled over 1,100 kg of waste batteries, uninterruptible power supplies, and disposable batteries. They also handed over seven tonnes of plastic for recycling and collected approximately 180 tonnes of waste paper.

    Rosneft volunteers actively promote environmental education among young people, organising environmental quests, workshops, quizzes and eco-classes for schoolchildren. For instance, in 2024, Orenburgneft implemented the Eco-School project, collecting more than 10 tonnes of waste paper, over 70 kg of batteries, and over 17 kg of plastic caps with the help of students from regional schools.

    For the past 14 years, the company has organised annual environmental safety competitions, which contribute to raising the level of environmental awareness and encourage subsidiaries to develop their expertise and improve their work in this area.

    The public highly appreciated the successful environmental activities of Rosneft’s subsidiaries. In 2024, the Company’s Syzran, Novokuibyshevsk and Kuibyshev refineries received top honours at the nationwide Russian Environmental Leader contest.

    Department of Information and Advertising
    Rosneft
    5 June 2025

    MIL OSI Global Banks –

    June 19, 2025
  • MIL-OSI Africa: African Energy Week (AEW) 2025 to Host Dedicated Energy Finance Track

    The African Energy Week (AEW): Invest in African Energies conference – taking place September 29 to October 3 in Cape Town – will host an Energy Finance Track, dedicated to exploring the opportunities, challenges and emerging trends across Africa’s investment environment. The Energy Finance Track – hosted across the three-day main conference agenda – covers a variety of topics and aims to reduce risk perception, identify strategic investment avenues while exploring innovative finance models that drive projects forward in Africa.

    The Energy Finance Track features a suite of companies, all of which will tackle strategic topics. These include African and global national oil companies, global energy and intelligence firms, energy and technology service providers, downstream regulators, upstream operators, African E&P firms, renewable energy developers, and many more. From access to finance to investment risks to Merger & Acquisition (M&A) activity, regional projects and development finance, the track will support decision-making and deal-signing in Africa’s energy sector.

    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    Africa’s energy sector continues to witness a surge in investment, as both operators and financiers expand their portfolios across the continent. In 2025, capital expenditure across the continent is projected to hit $43 billion, rising to $54 billion by 2030. Onshore projects are expected to represent the lion’s share of expenditure at 56%, while natural gas is estimated to draw the majority of capital by 2030, accounting for over 60% of hydrocarbon investment during this period. Deepwater exploration is also on the rise, particularly in frontier markets such as Namibia and Ivory Coast. Financing exploration and production projects remains a key challenge, however, as the global capital pool continues to decline. The AEW: Invest in African Energies Energy Finance Track will address this challenge, with panels geared towards exploring innovative strategies to raise capital for oil and gas projects. Sessions include Reducing Barriers to Entry in African Energy Investments; Financing Upstream Projects for Domestic Energy Security; Sourcing International and African Capital for the Acquisition and Development of Marginal and Undeveloped Fields; and African Equity Risk Premium.

    Africa’s M&A landscape has also proven to be dynamic in recent years, with future projections showing a positive growth trajectory as companies seeks new investment and partnership opportunities across the continent. Driven by rising capital expenditure, a surge in exploration and a focus on frontier basins across the continent, M&A activity continues to grow in Africa. Amid this growth, the Energy Finance Track will address strategies for supporting future M&A activity. Sessions on Strategic Financing for M&A and Navigating Risk and Insurance in African M&A, will examine identified risk and liabilities between buyers and sellers and how access to capital, regulatory hurdles and shifting investment trends are impacting Africa’s M&A landscape.

    Beyond oil and gas, Africa’s renewable energy and power landscape is on track for significant growth, as countries diversify their energy systems and seek to support broader economic growth. With over 600 million people living without access to electricity across the continent, African countries are accelerating the pace and development of power infrastructure, from generation to transmission to storage. Yet, financing challenges remain. The International Energy Agency projects that to meet the continent’s energy access, climate and development goals, Africa requires annual energy investments to more than double to over $240 billion by 2030. Key sectors include energy access, power systems and emerging industries such as clean energy technologies.

    The Energy Finance Track will unpack the role innovative financing mechanisms and regional collaboration plays in achieving the continent’s energy and development goals. Sessions on Intra-Africa Commodities Trading and Financing Cross-Border Pipelines and Shared Infrastructure Projects will explore how increased regional trade can serve as a catalyst for economic development in Africa. Additionally, sessions on Integrated Energy Projects: Is Financing Easier and Energy Finance Strategies: Lessons Across Africa will examine how blended finance, public-private partnership models and development finance can support energy development.

    “The AEW: Invest in African Energies 2025 Energy Finance Track offers a unique opportunity for African financiers to gain insight into emerging opportunities across the continent. At the same time, the track offers project developers, governments and public institutions the chance to explore new methods of financing, while addressing critical challenges to energy development,” stated Oré Onagbesan, AEW: Invest in African Energies Program Director.

    Distributed by APO Group on behalf of African Energy Chamber.

    MIL OSI Africa –

    June 19, 2025
  • MIL-OSI USA: Texas Man Charged Federally for Receipt and Transport of Explosives Intended for Use Against Law Enforcement

    Source: US State of North Dakota

    A Texas man is facing federal charges after allegedly purchasing powerful explosives in New Mexico and expressing plans to use them to harm law enforcement officers and government officials during riots in California.

    According to court documents, on June 12, 2025, Grzegorz Vandenberg, 48, visited a travel center in Lordsburg, New Mexico, to purchase fireworks. During the transaction, Vandenberg requested assistance in selecting fireworks that could be thrown directly at people to cause harm. He told store employees that he was prior special forces military and claimed he could make pipe bombs. Vandenberg further stated that he was traveling to Los Angeles, California, for the riots, with the intent to kill law enforcement officers or government officials.

    “This man allegedly intended to use the chaotic riots in Los Angeles as an opportunity to commit deadly violence against law enforcement officers,” said Attorney General Pamela Bondi. “Threats like these strike at the heart of law and order — we will not hesitate to bring federal charges against anyone who seeks to harm law enforcement or endanger the safety of our communities.”

    “Our message is clear: If you come after law enforcement officers, the FBI will spare no effort to find you and bring you to justice,” said FBI Director Kash Patel. “This defendant allegedly intended to use explosives to attack police officers currently conducting law enforcement operations in Los Angeles and – with the help of a store cashier who took down his license plate information – we were able to put a stop to that plan. Law enforcement officers put their lives on the line to serve the American people and the FBI will always do our part to protect them.”

    “Targeting law enforcement with violence is not protest – it’s a crime,” said U.S. Attorney Ryan Ellison for the District of New Mexico. “Anyone who attempts to harm officers or undermine public safety will be held accountable. Protecting the safety of our communities and upholding the integrity of lawful demonstrations are priorities, and those who cross the line into violence will be prosecuted swiftly and to the fullest extent of the law.”

    Store staff reported that Vandenberg asked for the largest explosives available and invited an employee to join him and his platoon in California. He also claimed to have mortar explosives in his possession and reiterated his plan to use them at the riots to kill officers. Vandenberg purchased six mortars, each containing 60 grams of gunpowder, and 36 large fireworks before leaving the store in a vehicle with Montana license plates, heading west on Interstate 10.

    Vandenberg is charged with transporting explosives in interstate commerce with the knowledge and intent that they would be used to kill, injure, or intimidate individuals. He will remain in custody pending trial, which has not yet been scheduled. If convicted of the current charges, Vandenberg faces up to 10 years in federal prison.

    The Las Cruces Resident Agency of the FBI’s Albuquerque Field Office investigated this case with assistance from the Tucson Resident Agency of the FBI’s Phoenix Field Office, Tucson Police Department, U.S. Air Force Office of Special Investigations, and Homeland Security Investigations (HSI) El Paso.

    Assistant U.S. Attorneys Joni Stahl and Grant Gardner for the District of New Mexico are prosecuting the case, with valuable assistance provided by Trial Attorney Patrick Cashman of the National Security Division’s Counterterrorism Section.

    A criminal complaint is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL OSI USA News –

    June 19, 2025
  • MIL-OSI: Xtract One Closes $8M Bought Deal Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Over-Allotment Option Exercised in Full

    THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

    TORONTO, June 18, 2025 (GLOBE NEWSWIRE) — Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) (“Xtract One” or the “Company”) announces that it has closed its previously announced “bought deal” public offering (the “Offering”) conducted by Ventum Capital Markets (the “Underwriter”).

    Pursuant to the Offering, the Company issued an aggregate of 20,700,000 units (the “Units”) at a price of $0.39 per Unit for aggregate gross proceeds of $8,073,000, which includes the full exercise of the over-allotment option granted to the Underwriter. Each Unit consists of one common share of the Company (each, a “Common Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant is exercisable into one Common Share until June 18, 2028 at an exercise price of $0.49, subject to adjustment in certain events.

    In connection with the Offering, the Underwriter received a cash fee of $565,110 and 1,449,000 common share purchase warrants (each, an “Underwriter’s Warrant”). Each Underwriter’s Warrant is exercisable into one Common Share at an exercise price of $0.39 until June 18, 2028.

    Xtract One intends to use the proceeds of the Offering for working capital and general corporate purposes.

    No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “1933 Act”) and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of the 1933 Act, and applicable state securities laws.

    About Xtract One

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

    About Threat Detection Systems

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

    Forward Looking Statements

    This news release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including, without limitation, statements regarding the intended use of proceeds from the Offering, future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Such risks and uncertainties include, among others, the Company’s limited operating history and lack of historical profits; risks related to the Company’s business and financial position; fluctuations in the market price of the Company’s Common Shares; that the Company may not be able to accurately predict its rate of growth and profitability; the failure of the Company to use any of the proceeds received from the Offering in a manner consistent with current expectations; reliance on management; the Company’s requirements for additional financing, and the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with research and development institutions, clients and suppliers. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company has no intention to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason, except as required by law.

    For further information, please contact:

    Xtract One Inquiries: info@xtractone.com, www.xtractone.com
    Media Contact: Kristen Aikey, JMG Public Relations, kristen@jmgpr.com, 347-394-8807
    Investor Relations: Chris Witty, Darrow Associates, cwitty@darrowir.com, 646-438-9385

    The MIL Network –

    June 19, 2025
  • MIL-OSI Security: Texas Man Charged Federally for Receipt and Transport of Explosives Intended for Use Against Law Enforcement

    Source: United States Attorneys General

    A Texas man is facing federal charges after allegedly purchasing powerful explosives in New Mexico and expressing plans to use them to harm law enforcement officers and government officials during riots in California.

    According to court documents, on June 12, 2025, Grzegorz Vandenberg, 48, visited a travel center in Lordsburg, New Mexico, to purchase fireworks. During the transaction, Vandenberg requested assistance in selecting fireworks that could be thrown directly at people to cause harm. He told store employees that he was prior special forces military and claimed he could make pipe bombs. Vandenberg further stated that he was traveling to Los Angeles, California, for the riots, with the intent to kill law enforcement officers or government officials.

    “This man allegedly intended to use the chaotic riots in Los Angeles as an opportunity to commit deadly violence against law enforcement officers,” said Attorney General Pamela Bondi. “Threats like these strike at the heart of law and order — we will not hesitate to bring federal charges against anyone who seeks to harm law enforcement or endanger the safety of our communities.”

    “Our message is clear: If you come after law enforcement officers, the FBI will spare no effort to find you and bring you to justice,” said FBI Director Kash Patel. “This defendant allegedly intended to use explosives to attack police officers currently conducting law enforcement operations in Los Angeles and – with the help of a store cashier who took down his license plate information – we were able to put a stop to that plan. Law enforcement officers put their lives on the line to serve the American people and the FBI will always do our part to protect them.”

    “Targeting law enforcement with violence is not protest – it’s a crime,” said U.S. Attorney Ryan Ellison for the District of New Mexico. “Anyone who attempts to harm officers or undermine public safety will be held accountable. Protecting the safety of our communities and upholding the integrity of lawful demonstrations are priorities, and those who cross the line into violence will be prosecuted swiftly and to the fullest extent of the law.”

    Store staff reported that Vandenberg asked for the largest explosives available and invited an employee to join him and his platoon in California. He also claimed to have mortar explosives in his possession and reiterated his plan to use them at the riots to kill officers. Vandenberg purchased six mortars, each containing 60 grams of gunpowder, and 36 large fireworks before leaving the store in a vehicle with Montana license plates, heading west on Interstate 10.

    Vandenberg is charged with transporting explosives in interstate commerce with the knowledge and intent that they would be used to kill, injure, or intimidate individuals. He will remain in custody pending trial, which has not yet been scheduled. If convicted of the current charges, Vandenberg faces up to 10 years in federal prison.

    The Las Cruces Resident Agency of the FBI’s Albuquerque Field Office investigated this case with assistance from the Tucson Resident Agency of the FBI’s Phoenix Field Office, Tucson Police Department, U.S. Air Force Office of Special Investigations, and Homeland Security Investigations (HSI) El Paso.

    Assistant U.S. Attorneys Joni Stahl and Grant Gardner for the District of New Mexico are prosecuting the case, with valuable assistance provided by Trial Attorney Patrick Cashman of the National Security Division’s Counterterrorism Section.

    A criminal complaint is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

    June 19, 2025
  • MIL-OSI: BACXN Launches Global Partnership Expansion Plan, Accelerating Construction of Multilateral Digital Asset Infrastructure Network

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 18, 2025 (GLOBE NEWSWIRE) — BACXN has officially launched its “Global Partnership Expansion Plan,” with the first batch of strategic agreements already signed with several technology and infrastructure partners from Singapore, Switzerland, and the United Arab Emirates. This move marks the BACXN entry into a new stage of platform globalization and demonstrates its dual-track strategy of “deep cultivation + synergy” within the global Web3 ecosystem.

    In the rapidly converging world of digital finance and blockchain, no platform can build an ecosystem in isolation. Truly vital projects are always deeply rooted in the global open network. BACXN has always upheld the philosophy of “connecting the world, building the future together,” actively forging close partnerships with leading enterprises, academic institutions, and technology innovation teams across multiple countries to drive both technological innovation and practical applications forward in unison.

    Since its inception, the platform has established deep collaborations with organizations such as Polygon, the Ethereum Foundation, MIT Blockchain Lab, and the National University of Singapore. Through joint research and development, hackathons, and academic cooperation, BACXN continuously absorbs cutting-edge achievements, transforming exploratory thinking into momentum for product evolution. The platform-led “Digital Inclusion Program” and “Blockchain Education Initiative” are both carried out with multilateral support, combining technological exploration with social value.

    To further accelerate the integration of technology and business, BACXN has established Labs and a Ventures Fund, focusing on key areas such as privacy computing, cross-chain communication, RWA (Real World Assets), and decentralized identity. Labs provides engineering support and resource collaboration, while Ventures assists partner projects with funding and market networks to enable rapid validation and real-world deployment. Several innovative projects have already moved from concept to commercialization through this system, with deployments in ecosystems like Sui, TON, and Ethereum.

    On the global operations front, BACXN has achieved localized user access by collaborating with local industry leaders, payment channel providers, and Web3 infrastructure companies. In Southeast Asia, the Middle East, and Europe, the platform is advancing the standardization and popularization of user experience through a “joint expansion” strategy, accelerating the transition from Web3 awareness to practical usage.

    BACXN firmly believes that the next stage of digital finance does not belong to any single player, but to a global network woven by cooperation, connection, and trust. Looking forward, we will continue to work openly and pragmatically with visionary partners to jointly build a trustworthy, accessible, and mutually beneficial digital asset world.

    Media Contact: support@bacxn.org

    Disclaimer: This press release is provided by BACXN. 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 in crypto and mining related opportunities 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. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.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/4f6061b9-a0a4-4314-a8d6-145cce7c33e3

    The MIL Network –

    June 19, 2025
  • MIL-OSI: BACXN Launches Global Partnership Expansion Plan, Accelerating Construction of Multilateral Digital Asset Infrastructure Network

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 18, 2025 (GLOBE NEWSWIRE) — BACXN has officially launched its “Global Partnership Expansion Plan,” with the first batch of strategic agreements already signed with several technology and infrastructure partners from Singapore, Switzerland, and the United Arab Emirates. This move marks the BACXN entry into a new stage of platform globalization and demonstrates its dual-track strategy of “deep cultivation + synergy” within the global Web3 ecosystem.

    In the rapidly converging world of digital finance and blockchain, no platform can build an ecosystem in isolation. Truly vital projects are always deeply rooted in the global open network. BACXN has always upheld the philosophy of “connecting the world, building the future together,” actively forging close partnerships with leading enterprises, academic institutions, and technology innovation teams across multiple countries to drive both technological innovation and practical applications forward in unison.

    Since its inception, the platform has established deep collaborations with organizations such as Polygon, the Ethereum Foundation, MIT Blockchain Lab, and the National University of Singapore. Through joint research and development, hackathons, and academic cooperation, BACXN continuously absorbs cutting-edge achievements, transforming exploratory thinking into momentum for product evolution. The platform-led “Digital Inclusion Program” and “Blockchain Education Initiative” are both carried out with multilateral support, combining technological exploration with social value.

    To further accelerate the integration of technology and business, BACXN has established Labs and a Ventures Fund, focusing on key areas such as privacy computing, cross-chain communication, RWA (Real World Assets), and decentralized identity. Labs provides engineering support and resource collaboration, while Ventures assists partner projects with funding and market networks to enable rapid validation and real-world deployment. Several innovative projects have already moved from concept to commercialization through this system, with deployments in ecosystems like Sui, TON, and Ethereum.

    On the global operations front, BACXN has achieved localized user access by collaborating with local industry leaders, payment channel providers, and Web3 infrastructure companies. In Southeast Asia, the Middle East, and Europe, the platform is advancing the standardization and popularization of user experience through a “joint expansion” strategy, accelerating the transition from Web3 awareness to practical usage.

    BACXN firmly believes that the next stage of digital finance does not belong to any single player, but to a global network woven by cooperation, connection, and trust. Looking forward, we will continue to work openly and pragmatically with visionary partners to jointly build a trustworthy, accessible, and mutually beneficial digital asset world.

    Media Contact: support@bacxn.org

    Disclaimer: This press release is provided by BACXN. 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 in crypto and mining related opportunities 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. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.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/4f6061b9-a0a4-4314-a8d6-145cce7c33e3

    The MIL Network –

    June 19, 2025
  • MIL-OSI: Purpose Investments Announces 0% Management Fee Until February 1, 2026, for Newly Launched Purpose XRP ETF

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 18, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose” or “Purpose Investments”), Canada’s leading digital asset ETF manager and the firm behind the world’s first spot Bitcoin ETF, today announced a management fee holiday for its newly launched Purpose XRP ETF. Effective immediately, the ETF’s management fee will be fully waived until February 1, 2026.

    The Purpose XRP ETF offers investors spot exposure to XRP – the native token of the XRP Ledger, a decentralized blockchain built to enable fast, low-cost global payments. It is the only XRP ETF in Canada offering CAD-hedged units and is designed to help investors access digital assets securely and transparently through a regulated vehicle.

    “XRP’s real-world utility and global relevance continue to drive interest, and we want to make it even easier for Canadian investors to access this digital asset via ETF,” said Vlad Tasevski, Chief Innovation Officer at Purpose. “By fully waiving the management fee until early 2026, we’re reinforcing our commitment to simple and effective access to novel digital asset solutions that help investors cut through complexity.”

    All units of the ETF – CAD-hedged (TSX: XRPP), CAD non-hedged (TSX: XRPP.B), and USD (TSX: XRPP.U) – are included in the fee holiday. Additionally, to provide investors long-term confidence, following the fee holiday period ending in February 2026, the fund’s total Management Expense Ratio (MER) will be capped at 0.89%*.

    To learn more about the Purpose XRP ETF and the full lineup of Purpose’s digital asset solutions, please visit purposeinvest.com/crypto.

    About Purpose Investments

    Purpose Investments is an asset management company with over $24 billion in assets under management, focused on client-centric innovation across ETFs and investment funds. Purpose is a division of Purpose Unlimited, an independent financial technology company led by entrepreneur Som Seif.

    For further information, please email us at info@purposeinvest.com.

    Media inquiries:
    Keera Hart
    keera.hart@kaiserpartners.com
    905-580-1257

    *The MER cap is implemented at the discretion of Purpose Investments and is subject to change at any time.

    Commissions, trailing commissions, management fees and expenses may all be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Copies of the Prospectus may be obtained from purposeinvest.com. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed; their values change frequently, and past performance may not be repeated. Crypto assets can be extremely volatile, and there is no guarantee that the amount invested will be returned to you.

    Certain statements in this document may be forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend on or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are, by their nature, based on numerous assumptions. Although the FLS contained in this document are based upon what Purpose Investments believes to be reasonable assumptions, Purpose Investments cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on the FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed, that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.

    The MIL Network –

    June 19, 2025
  • MIL-OSI Africa: OPEC Fund Development Forum 2025 concludes with new commitments to accelerate global development impact

    • Announcement of over US$1 billion new financing: OPEC Fund signs US$362 million new loan agreements during the Forum and announces approval of US$720 million in new financing in the second Quarter 
    • A Country Partnership Framework agreement with Rwanda earmarks US$300 million financing in the next three years 
    • At the high-level Mauritania roundtable hosted by the OPEC Fund, the Arab Coordination Group (ACG) announced a pledge of US$2 billion financing over the next 5 years to support Mauritania’s development priorities.   

    The fourth OPEC Fund Development Forum (https://OPECFund.org) concluded today with a strong slate of new commitments, loan agreements and strategic partnerships to advance inclusive transition and sustainable development. The Forum brought together more than 700 global leaders, including government representatives, development institutions and private sector stakeholders, under the theme “A Transition That Empowers Our Tomorrow”.

    The OPEC Fund announced some US$720 million in new financing to support development efforts across Africa, Asia, Latin America and the Caribbean, and saw the signing of US$362 million in new loan agreements. A new Trade Finance Initiative is set to secure vital supplies and help close trade-related liquidity gaps in partner countries.

    OPEC Fund President Abdulhamid Alkhalifa said: “The OPEC Fund Development Forum reflects our conviction that partnerships must deliver results. Today we achieved tangible progress – with new signings, new partnerships and new approaches to help our partner countries turn ambition into action. Whether in energy, infrastructure, agriculture or finance, we are responding with solutions that make a difference.”

    As part of its Small Island Developing States (SIDS) initiative, the OPEC Fund signed cooperation agreements with Grenada, and the Solomon Islands, expanding support for climate resilience and sustainable infrastructure. 

    Deepening Country Partnerships for Long-term Impact 

    New country-level agreements and cooperation frameworks include: 

    • A US$212 million loan agreement with Oman to finance the Khasab-Daba-Lima Road Project (Sultan Faisal bin Turki Road), improving local and regional connectivity, as well as a Country Partnership Framework (CPF) to strengthen cooperation over the next five years.  
    • A US$25 million loan agreement with Cameroon to strengthen the Rice Value Chain Development Project, supporting smallholder farmers and strengthening food security in vulnerable regions, in collaboration with the Islamic Development Bank (IsDB), Arab Bank for Economic Development in Africa (BADEA) and the Kuwait Fund. 
    • A CPF with Rwanda to allocate up to US$300 million in financing for 2025 – 2028, supporting the country’s development priorities, including quality infrastructure, improved essential basic services and the promotion of entrepreneurship and the private sector. 
    • Other country partnership agreements included: Azerbaijan to support infrastructure, energy transition and sustainable development; Botswana to support infrastructure, renewable energy, innovation and digital transformation, as well as private sector export-led growth over the next three years; Grenada to build resilience through sustainable development initiatives; Kyrgyz Republic to increase cooperation in transport, water supply and sanitation, energy, agriculture and banking sectors; and Solomon Islands to expand engagement and increase cooperation including in the private sector. 

    Scaling up Private Sector Support 

    The OPEC Fund continues to prioritize private sector-led growth with targeted financing to financial institutions across Africa: 

    • In Côte d’Ivoire, a €30 million loan agreement with Coris Bank International Côte d’Ivoire and a €35 million loan agreement with NSIA Banque will facilitate access to finance for small and medium-sized enterprises (SMEs). 
    • A US$40 million loan agreement with the East African Development Bank (EADB) will boost economic investments across Kenya, Uganda, Tanzania and Rwanda, strengthening regional integration and inclusive growth. 

    New Trade Finance Initiative 

    • At the Forum the OPEC Fund also announced a new Trade Finance Initiative to boost trade resilience in partner countries by facilitating access to essential imports, closing liquidity gaps and strengthening resilience to external shocks in vulnerable economies. 

    Advancing global cooperation 

    The Forum also featured new agreements to deepen multilateral cooperation: 

    • A new cooperation agreement with the Central American Bank for Economic Integration (CABEI) will strengthen collaboration in infrastructure, energy and human development projects across the Latin America and Caribbean region. 
    • The OPEC Fund and the Islamic Organization for Food Security (IOFS) formalized a cooperation agreement to coordinate efforts on climate-resilient agriculture and sustainable food systems. 
    • A cooperation agreement with the International Anti-Corruption Academy (IACA) will support training programs to promote institutional transparency and anti-corruption capacity building in partner countries. 

    Ahead of the Forum, the OPEC Fund hosted the Annual Meeting of the Heads of Institutions of the Arab Coordination Group (ACG). Delegates participated in a high-level roundtable with the President of Mauritania, Mohamed Ould Ghazouani to strengthen development collaboration and mobilize investment flows to Mauritania. The roundtable resulted in an ACG joint pledge of US$2 billion financing over the next five years. This will be directed to vital sectors, including energy, water, transportation and digital infrastructure to stimulate economic growth. A dedicated Arab Donors Roundtable on the Sahel addressed strategies to mobilize greater support for the region’s urgent challenges. It was organized by the Permanent Interstate Committee for Drought Control in the Sahel (CLISS) and sponsored by the OPEC Fund’s partner institution, the Arab Bank for Economic Development in Africa (BADEA). 

    Distributed by APO Group on behalf of OPEC Fund.

    Media Contact:  
    Basak Pamir 
    OPEC Fund for International Development 
    Head of Outreach & Multimedia 
    B.Pamir@opecfund.org  
    +431511564174 
    Telephone: +43-1-515 64-0 
    Fax: +43-1-513 92 38 
    www.OPECFund.org

    About the OPEC Fund:
    The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. The OPEC Fund was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people. Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. To date, the OPEC Fund has committed more than US$29 billion to development projects in over 125 countries with an estimated total project cost of more than US$200 billion. The OPEC Fund is rated AA+/Outlook Stable by Fitch and S&P Global Ratings. Our vision is a world where sustainable development is a reality for all. 

    MIL OSI Africa –

    June 19, 2025
  • MIL-OSI Analysis: Is Mark Carney turning his back on climate action?

    Source: The Conversation – Canada – By Deborah de Lange, Associate Professor, Global Management Studies, Toronto Metropolitan University

    The G7 summit in Alberta, hosted by Prime Minister Mark Carney, has ended with only passing mention of fighting climate change, including a statement on wildfires that is silent on the pressing need to reduce greenhouse gas emissions.

    This is puzzling. Canadians didn’t opt for Conservative Pierre Poilievre, considered by some to be an oil and gas industry mouthpiece, in the last federal election. Instead, voters gave Carney’s Liberals a minority government.

    Carney was the United Nations Special Envoy on Climate Action and Finance and was behind the UN-backed Net-Zero Banking Alliance, so some Canadians might have assumed he’d prioritize climate action if he won the election. Instead, Carney has described developing fossil fuel infrastructure as “pragmatic.”

    But it’s unclear how a country grappling with abysmal air quality due to wildfires fuelled by global warming will benefit from further global fossil fuel development and its related emissions.




    Read more:
    Wildfire smoke can harm your brain, not just your lungs


    Warming rapidly

    Canada is warming faster than most of the globe. Its leaders should be laser-focused on mitigating climate change by reducing fossil fuel use to the greatest extent possible, as soon as possible.

    This decades-long understanding of how to approach climate action has been repeatedly explained by experts and is well known to governments globally. Canada’s prime minister was once one of those experts.

    Carney now has a tremendous opportunity to lead by steering Canada in a clean direction.

    Canada is at the forefront of clean technology, with numerous business opportunities emerging, particularly in areas like circular economy international trade. These opportunities not only support Canada’s commitment to meeting its Paris Agreement targets but also help expand and diversify its global trade.

    Eco-industrial parks

    Canada already has exemplar eco-industrial parks — co-operative businesses located on a common property that focus on reducing environmental impact through resource efficiency, waste reduction and sharing resources. Such industrial communities are in Halifax and in Delta, B.C. They represent significant investment opportunities.

    Vacant urban land could be revitalized and existing industrial parks could boost their economic output and circular trade by building stronger partnerships to share resources, reduce waste and cut emissions.




    Read more:
    A sustainable, circular economy could counter Trump’s tariffs while strengthening international trade


    Canada would benefit economically and environmentally by building on existing expertise and expanding successful sustainability strategies to achieve economic, environmental and social goals.

    But by continuing to invest in fossil fuels, Canada misses out on opportunities to diversify trade and boost economic competitiveness.

    The secret to China’s success

    Real diversification makes Canada less vulnerable to economic shocks, like the ones caused by the tariffs imposed by United States President Donald Trump.

    Fossil fuel reliance increases exposure to global economic risks, but shifting to cleaner products and services reduces climate risks and expands Canada’s global trade options. China’s economic rise is partly a result of this strategy.

    That’s seemingly why Trump is so fixated on China. China today is a serious competitor to the U.S. after making smart trade and economic decisions and forging its own path, disregarding American pressure to remain a mere follower.

    Investing in its huge Belt and Road Initiative, China also aligned itself with the United Nations Sustainable Development Goals. It’s building diplomatic bridges with many Belt and Road countries in southeast Asia as Trump’s America alienates its partners, pulling out of the Paris Agreement and cutting foreign aid.

    As another one of the America’s mistreated partners, Canada was poised to forge its own path under Carney. Instead, Carney is supporting American oil and gas by encouraging Canadian pipeline projects.

    Clean innovation is the path forward

    Canadian oil and gas is a concentrated industry controlled by a wealthy few, primarily Americans. More pipelines would therefore mean more sales of fossil fuels to other countries, with the beneficiaries mostly American.

    Fossil fuel investments reduce Canada’s diversification because the resources used to further these projects could go elsewhere — toward clean diversification. With almost unlimited clean economy options across many sectors, clean diversification would broaden Canada’s economic and trade portfolios and reduce American control.




    Read more:
    Why Canada’s Strong Borders Act is as troublesome as Donald Trump’s travel bans


    This is International Business 101, and would make the Canadian economy more competitive through innovation, while reducing the country’s climate risk.

    California, often targeted by Trump for its policies, has been a leader in clean innovation, making its economy the envy of the world.




    Read more:
    California is planning floating wind farms offshore to boost its power supply – here’s how they work


    My recent research shows that clear, decisive choices like those made in California will be key to Canada’s future success. Canada must make choices aligned with goals — a core principle of strategic management.

    My research also suggests Canada must restructure its energy industry to focus on renewable energy innovation while reducing fossil fuel reliance. Increased renewable energy innovation, as seen in patent numbers, leads to higher GDP.

    Contrary to common beliefs, pollution taxes boost the economy in combination with clean innovation. But when the government supports both the fossil fuel industry and clean industries, it hinders Canada’s transition to a cleaner future.

    Trapped by the fossil fuel industry?

    Do Canadian taxpayers truly want to keep funding an outdated, polluting industry that benefits a wealthy few, or invest in clean industries that boost Canada’s economy, create better jobs and protect the environment? To differentiate Canada from the United States, it would make sense to choose the latter.

    Carney should consider refraining from pushing for the fast-tracking of polluting projects. If he doesn’t, Canada will become more uncompetitive and vulnerable, trapped by the fossil fuel industry.




    Read more:
    Mark Carney wants to make Canada an energy superpower — but what will be sacrificed for that goal?


    Carney’s support for pipelines may have stemmed from Alberta Premier Danielle Smith’s implicit support for Alberta sovereignty. She made veiled threats to Canada at a critical juncture, when Trump was making repeated assertions about annexing Canada.

    Alberta didn’t vote for Carney. But Canadians who care about mitigating climate change did.

    Banks that felt pressure to at least recognize sustainable finance during the Joe Biden administration joined Carney’s Net-Zero Banking Alliance.

    But as soon as Trump came to power a second time and walked away from the Paris Agreement, many American banks abandoned the alliance. Canadian banks followed suit, and Carney remarkably missed another moment to show Canadian leadership by stopping their exit.

    In fact, Carney seems to have abandoned his own organization to appease Trump as the president made multiple 51st state threats. The prime minister had the chance to differentiate Canada and demonstrate his own leadership. Instead, he seems to have easily turned his back on his principles under pressure from Trump.

    Deborah de Lange receives funding from SSHRC and ESRC. She is affiliated with The Liberal Party of Canada and The Writers’ Union of Canada.

    – ref. Is Mark Carney turning his back on climate action? – https://theconversation.com/is-mark-carney-turning-his-back-on-climate-action-258737

    MIL OSI Analysis –

    June 19, 2025
  • MIL-OSI: PMGC Capital LLC Urges Alaunos Therapeutics (NASDAQ: TCRT) to Accept Term Sheet from Leading Wall Street Bank Behind Many Leading Crypto Strategies

    Source: GlobeNewswire (MIL-OSI)

    NEWPORT BEACH, Calif., June 18, 2025 (GLOBE NEWSWIRE) — PMGC Capital LLC (“PMGC Capital”), a wholly owned subsidiary of PMGC Holdings Inc. (NASDAQ: ELAB), today issued a public statement urging Alaunos Therapeutics, Inc. (NASDAQ: TCRT) to accept and act upon the term sheet previously facilitated through a leading Wall Street Bank.

    As disclosed in PMGC Capital’s May 14, 2025 press release, available on the PMGC Holdings website, PMGC Capital holds a significant ownership position in Alaunos and continues to act in the best interest of all shareholders.

    The proposed financing sent to the board on 5/25/2025, introduced by PMGC Capital and led by a leading wall street bank, represents a compelling, value-aligned opportunity for Alaunos. The bank recently behind many Leading Treasury Strategy transactions that has since garnered widespread institutional attention and market momentum.

    “We believe this term sheet offers Alaunos a timely and strategic path forward,” said Braeden Lichti, “This is one of the cleanest financing offers we’ve seen for a micro-cap company,” said Braeden Lichti, CEO of Northstrive Companies Inc., Manager of PMGC Capital, “It’s non-toxic, well-structured, and provides the company with substantial capital while potentially creating massive value for shareholders. The board should not miss this opportunity.”

    PMGC Capital remains committed to working constructively with Alaunos’ Board and management to maximize long-term value and urges them to engage directly with the bank while the opportunity remains actionable.

    We commend Alaunos Therapeutics for maintaining a clean capital structure and exercising prudent financial stewardship during challenging market conditions. PMGC Capital looks forward to collaborating with the Alaunos’ leadership to pursue initiatives that align with its shared objective of enhancing long-term shareholder value.

    About PMGC Capital LLC
    A multi-strategy investment firm focused on direct investments, strategic lending, and acquiring undervalued companies and assets across diverse markets. Our mission is to identify and seize high-potential opportunities, delivering sustainable growth and maximizing returns on capital.

    About PMGC Holdings Inc.
    PMGC Holdings Inc. (“PMGC Holdings”) is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. Currently, our portfolio consists of three wholly owned subsidiaries: Northstrive Biosciences Inc., PMGC Research Inc., and PMGC Capital LLC. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.

    Forward-Looking Statements

    This press release contains forward-looking statements, including statements regarding potential strategic opportunities and the expected benefits thereof. These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in the Company’s filings with the United States Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of PMGC Holdings’ Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

    IR Contact:

    IR@pmgcholdings.com

    The MIL Network –

    June 19, 2025
  • MIL-OSI: Break the Limits with BexBack: 100x Leverage, $50 Welcome Bonus & Double Deposit Match — No KYC

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 18, 2025 (GLOBE NEWSWIRE) — With Bitcoin holding steady at the $100,000 mark for a long time, the cryptocurrency market has once again attracted global attention. Many analysts now agree that a full-blown bull run has returned. But unlike in the past, this bull run favors flexible, high-leverage strategies over traditional HODLing. To help traders seize the moment, BexBack offers an unparalleled trading experience with up to 100x leverage, 100% deposit bonus, and a $50 welcome bonus – all without KYC certification.

    Why Use 100x Leverage to Trade Crypto?

    While Bitcoin’s bullish momentum is clear, price swings remain sharp and fast. High-leverage futures trading is an essential tool for traders aiming to:

    • Multiply Profits: Control 100x larger positions with the same capital — turn 1 BTC into a 100 BTC trading power.
    • React Fast: Open and close trades quickly to capture short-term price movements.
    • Profit in Any Market: Go long or short and profit whether prices rise or fall.
    • Boost ROI: With leverage and BexBack’s deposit bonuses, even modest price changes can produce exponential returns.

    Example:
    With BTC at $100,000, a trader opens a 1 BTC long contract using 100x leverage (position size = 100 BTC).
    If BTC rises just 5% to $105,00, the trader earns 5 BTC in profit — a 500% return.
    With BexBack’s 100% deposit bonus, that ROI could double to 1000%.

    What Is the Double Deposit Bonus?

    When you deposit to BexBack, you can receive 100% of your deposit as trading bonus.

    • Example: Deposit 1 BTC → Get 1 BTC in bonus funds.
    • The bonus can’t be withdrawn directly, but it can:
      • Be used as margin to open larger positions.
      • Help absorb market volatility by reducing liquidation risk.
      • Generate profits that can be fully withdrawn once earned.

    Why Trade Crypto Futures on BexBack?

    • No KYC Required — Trade anonymously and instantly
    • 100% Deposit Bonus — Double your margin, double your opportunity
    • 100x Leverage — Maximize capital efficiency
    • Demo Account — Practice risk-free with 10 BTC virtual balance
    • Powerful Platform — Available via Web and Mobile, with no spread or slippage
    • Global Support — 24/7 customer service available worldwide
    • Affiliate Program — Earn up to 50% commission sharing

    About BexBack

    BexBack is a global cryptocurrency derivatives exchange offering futures trading with up to 100x leverage on over 50 major crypto assets, including BTC, ETH, XRP, ADA, and SOL. Headquartered in Singapore, BexBack also has offices in Hong Kong, Japan, the U.S., the U.K., and Argentina. The platform is fully licensed under the U.S. FinCEN MSB (Money Services Business) registration and currently serves more than 500,000 users worldwide, including traders in the U.S., Canada, and Europe.

    Start Today— Unlock Your Path to Wealth on BexBack

    If you missed the last crypto bull run, now is your chance. With Bitcoin holding strong above $105,000, traders are flocking to high-leverage platforms to capture fast gains. BexBack is giving you everything you need — $50 bonus, 100% deposit match, 100x leverage, and no KYC.

    Sign Up Now on BexBack — Start your journey to rapidly accumulate wealth and enjoy a better life.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

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

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/027c1dc1-43b8-4392-871c-fa59143ebf61

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8ae4e1db-c4b7-48c3-a800-19906de28a78

    https://www.globenewswire.com/NewsRoom/AttachmentNg/174a3407-dd43-4543-b116-d7a7920a453c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e8a17924-1656-4156-80b3-98bb17dfec69

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fffec9bd-3fef-462d-8166-a0c2277e6581

    The MIL Network –

    June 19, 2025
  • MIL-OSI: Break the Limits with BexBack: 100x Leverage, $50 Welcome Bonus & Double Deposit Match — No KYC

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 18, 2025 (GLOBE NEWSWIRE) — With Bitcoin holding steady at the $100,000 mark for a long time, the cryptocurrency market has once again attracted global attention. Many analysts now agree that a full-blown bull run has returned. But unlike in the past, this bull run favors flexible, high-leverage strategies over traditional HODLing. To help traders seize the moment, BexBack offers an unparalleled trading experience with up to 100x leverage, 100% deposit bonus, and a $50 welcome bonus – all without KYC certification.

    Why Use 100x Leverage to Trade Crypto?

    While Bitcoin’s bullish momentum is clear, price swings remain sharp and fast. High-leverage futures trading is an essential tool for traders aiming to:

    • Multiply Profits: Control 100x larger positions with the same capital — turn 1 BTC into a 100 BTC trading power.
    • React Fast: Open and close trades quickly to capture short-term price movements.
    • Profit in Any Market: Go long or short and profit whether prices rise or fall.
    • Boost ROI: With leverage and BexBack’s deposit bonuses, even modest price changes can produce exponential returns.

    Example:
    With BTC at $100,000, a trader opens a 1 BTC long contract using 100x leverage (position size = 100 BTC).
    If BTC rises just 5% to $105,00, the trader earns 5 BTC in profit — a 500% return.
    With BexBack’s 100% deposit bonus, that ROI could double to 1000%.

    What Is the Double Deposit Bonus?

    When you deposit to BexBack, you can receive 100% of your deposit as trading bonus.

    • Example: Deposit 1 BTC → Get 1 BTC in bonus funds.
    • The bonus can’t be withdrawn directly, but it can:
      • Be used as margin to open larger positions.
      • Help absorb market volatility by reducing liquidation risk.
      • Generate profits that can be fully withdrawn once earned.

    Why Trade Crypto Futures on BexBack?

    • No KYC Required — Trade anonymously and instantly
    • 100% Deposit Bonus — Double your margin, double your opportunity
    • 100x Leverage — Maximize capital efficiency
    • Demo Account — Practice risk-free with 10 BTC virtual balance
    • Powerful Platform — Available via Web and Mobile, with no spread or slippage
    • Global Support — 24/7 customer service available worldwide
    • Affiliate Program — Earn up to 50% commission sharing

    About BexBack

    BexBack is a global cryptocurrency derivatives exchange offering futures trading with up to 100x leverage on over 50 major crypto assets, including BTC, ETH, XRP, ADA, and SOL. Headquartered in Singapore, BexBack also has offices in Hong Kong, Japan, the U.S., the U.K., and Argentina. The platform is fully licensed under the U.S. FinCEN MSB (Money Services Business) registration and currently serves more than 500,000 users worldwide, including traders in the U.S., Canada, and Europe.

    Start Today— Unlock Your Path to Wealth on BexBack

    If you missed the last crypto bull run, now is your chance. With Bitcoin holding strong above $105,000, traders are flocking to high-leverage platforms to capture fast gains. BexBack is giving you everything you need — $50 bonus, 100% deposit match, 100x leverage, and no KYC.

    Sign Up Now on BexBack — Start your journey to rapidly accumulate wealth and enjoy a better life.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

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

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/027c1dc1-43b8-4392-871c-fa59143ebf61

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8ae4e1db-c4b7-48c3-a800-19906de28a78

    https://www.globenewswire.com/NewsRoom/AttachmentNg/174a3407-dd43-4543-b116-d7a7920a453c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e8a17924-1656-4156-80b3-98bb17dfec69

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fffec9bd-3fef-462d-8166-a0c2277e6581

    The MIL Network –

    June 19, 2025
  • MIL-OSI Africa: Shell Trading & Shipping’s Filippo Bof Joins Angola Oil & Gas (AOG) 2025

    Source: Africa Press Organisation – English (2) – Report:

    Filippo Bof, Head of Business Development: Africa and Med at Shell Trading & Shipping – the trading and supply branch of energy major Shell – will speak at this year’s Angola Oil & Gas (AOG) conference. Taking place on September 3-4 in Luanda, the event is the official meeting platform for the country’s hydrocarbon sector, uniting investors and operators from across the entire petroleum value chain. With a prominent presence in Africa, Shell Trading & Shipping is well-positioned to lead discussions on enhancing regional trade and petroleum distribution.

    During AOG 2025, Bof will participate in a panel discussion titled: From Extraction to Expansion: Financing Angola’s Oil & Gas’ Development, where he is expected to share insight into the role of multilateral lenders, development banks and private equity in unlocking projects across the value chain. Shell Trading & Shipping is seeking new opportunities to finance oil and gas projects, and with its expertise in hydrocarbon trade, stands to play an instrumental role in supporting the next wave of downstream developments in Angola.

    AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    As sub-Saharan Africa’s second-largest oil producer, Angola has ambitions to position itself as a regional petroleum hub. The country is accelerating the development of downstream infrastructure to achieve this goal, with projects underway in refining, petrochemical production and cross-border pipelines. Upcoming refining projects include the first phase of the Cabinda Refinery (30,000 bpd); the Lobito Refinery (200,000 bpd) and the Soyo Refinery (150,000 bpd). The Cabinda Refinery is expected to begin operations in 2025 while Angola is currently seeking $4.8 billion to bridge the financing gap for the Lobito Refinery. Additionally, the country has signed an agreement with Zambia for the development of a 1,400 km pipeline linking the Lobito Refinery to Zambia’s capital city Lusaka. Technical work for the pipeline was completed in 2024.

    In addition to crude facilities, Angola strives to diversify its economy through natural gas projects. The country currently exports natural gas as LNG, primarily through its sole LNG facility in Soyo. Looking ahead, Angola seeks to develop steel and petrochemical manufacturing, while accelerating regional LPG distribution. These developments highlight a unique investment opportunity for global financiers, project developers and traders. Shell Trading & Shipping – with its global network of trading teams, shipping and maritime capabilities – offers an integrated network of supply and distribution abilities, and as such, has emerged as a strong partner for Angola as it strives to bolster exports and regional distribution.

    – on behalf of Energy Capital & Power.

    Media files

    Download logo

    MIL OSI Africa –

    June 19, 2025
  • MIL-OSI Africa: African Refiners & Distributors Association (ARDA) Executive Secretary Joins African Energy Week (AEW) 2025 in Support of Africa’s Growing Downstream Sector

    Source: Africa Press Organisation – English (2) – Report:

    Anibor Kragha, Executive Secretary of the African Refiners & Distributors Association (ARDA) – a pan-African organization that serves as the voice of the continent’s downstream sector – will speak at this year’s African Energy Week (AEW): Invest in African Energies conference. Taking place on September 29-October 3 in Cape Town, the event is the largest gathering of energy stakeholders on the continent. Kragha’s participation will contribute to discussions on the downstream sector, covering challenges, opportunities, trends and projects.

    This comes as many of Africa’s major oil and gas producers – including Nigeria, Angola, Algeria and the Republic of Congo – pursue bold strategies to strengthen domestic petroleum value chains. These efforts aim to reduce refined petroleum imports and improve fuel security. ARDA plays a key role by promoting strategic collaboration, policy advocacy and industry innovation. Recently, the association called for the creation of an African downstream register to better support projects. At AEW 2025: Invest in African Energies Kragha is expected to outline the benefits of such a register and highlight ARDA’s strategies to drive downstream expansion.

    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.

    Refinery development is a critical priority for many African countries, with several major projects underway to boost regional fuel distribution and lower costs. Angola is advancing three new facilities aiming for a combined capacity of 445,000 barrels per day (bpd), including the 60,000 bpd Cabinda refinery (expected online in 2025), the 200,000 bpd Lobito facility and the 150,000 bpd Soyo project. Nigeria’s Dangote Refinery, Africa’s largest at 650,000 bpd, is progressing toward full operational capacity. In the Republic of Congo, the Fouta Refinery, designed to produce 2.5 million tons of petroleum products annually, is slated to begin operations by the end of 2025. South Africa plans to rehabilitate the SAPREF refinery, which has been closed since 2022. The refurbishment aims to raise capacity from 180,000 bpd to 600,000 bpd, opening new opportunities for affordable fuel supply.

    Beyond refineries, several African countries are prioritizing cross-border pipelines to boost exports and regional fuel distribution. Notable projects include the 1,443-km East Africa Crude Oil Pipeline linking Uganda’s oilfields to Tanzania’s Port of Tanga and expected to start operations in 2026. Nigeria’s $25 billion Nigeria-Morocco Gas Pipeline will traverse 13 West African countries over 5,660 km to connect Nigerian gas fields with European markets via Morocco, with production targeted for 2029. Meanwhile, a planned $13 billion pipeline running from Nigeria through Niger to Algeria, spanning 4,128 km and delivering 30 billion cubic meters of gas annually, aims to facilitate regional exports and deeper African collaboration.

    While these developments mark significant progress toward expanding fuel distribution in Africa, achieving downstream ambitions requires substantial investment. Kragha’s participation at AEW 2025: Invest in African Energies is expected to provide valuable insights on sector challenges and opportunities, fostering new deals and partnerships.

    “In order to end energy poverty by 2030, Africa must significantly scale up investments across the downstream sector,” says Ore Onagbesan, Program Director of AEW 2025. “By shifting from an export-driven to a domestic-focused mindset, the continent can unlock greater value from its oil and gas resources. Organizations like ARDA recognize the critical role refining, pipelines, petrochemicals and terminals play in enhancing energy security across Africa.”

    – on behalf of African Energy Chamber.

    Media files

    Download logo

    MIL OSI Africa –

    June 19, 2025
  • MIL-OSI Africa: KZN launches technological tools to curb fraud and wasteful expenditure

    Source: South Africa News Agency

    KwaZulu-Natal Finance MEC Francois Rodgers has unveiled the province’s new digital Supply Chain Management (SCM) system, which aims to reduce wasteful expenditure, fraud, corruption, and bias in government procurement processes.

    Speaking at the official launch in Pietermaritzburg on Tuesday, Rodgers announced that KwaZulu-Natal is the first province in South Africa to implement such system, which is set to be piloted during the management of the province’s R158 billion budget in the 2025/2026 financial year.

    Rodgers acknowledged that the province has experienced numerous challenges linked to manual procurement system, which he described as a major source of irregularities.

    “Generally, the root of fraud, corruption, irregular and wasteful expenditure can be found in our SCM processes. The implementation of a digital procurement system has become a priority,” Rodgers said.

    According to Rodgers, the digital procurement platform implementation may derive in the following benefits:

    •    Enforcing transparency and efficiency in procurement processes. Minimizing supply SCM fraud, corruption, bias, and enabling a fair and just environment for all stakeholders involved.
    •    Replacing all manual submissions and reduce human errors and the creation of audit trails which will foster accountability at all levels.
    •    The electronic system will also foster a culture of openness, empowering suppliers to compete on a level playing field, irrespective of their size or background, whilst ensuring targeted procurement from priority groups. 
    •    Reduction of irregular expenditure through effective planning and contract management.
    •    Compliance with SCM policies and regulations.
    •    The system will allow for budget blocking especially at requisition creation stage.
    •    The system will allow for price bench marking to ensure that the province obtains value for money and negotiates based on market prices.

    Rodgers said the system has been approved by National Treasury, with full implementation expected to take place between January 2026 and April 2027, in the selected departments.

    He said set-up costs are expected to range from R3 million to R5 million, with R20 million already allocated from the funds saved by the MEC through cost-cutting measures and curbing wasteful expenditure.

    Provincial data analysis centre 

    In another first for KwaZulu-Natal, Rodgers announced that the Provincial Treasury will be setting up a Data Analysis Centre, which will allow the analysis of provincial financial data to enable MECs and all departments’ management to make timeous and informed financial decisions.

    Rodgers said the centre will feature a comprehensive financial dashboard, which will allow real-time monitoring of provincial finances by MECs and departmental leadership.

    “This tool will allow us to observe total expenditure and revenue collection to address timeously issues of over-spending and under-collection. The dashboard will also enable provincial government leaders to live-monitor human capital trends in all departments.

    “The dashboard is imperative to the development of an ethical and capable state. It will also aid in the determination of the quantum of accruals (invoices received and not paid), quantum of debts (monies owed to government), whether governance committees are meeting and whether all invoices are paid within 30 days,” Rodgers said.

    He added that through the dashboard, the provincial government will be able to tell the extend of critical vacancy rates across government departments. – SAnews.gov.za

    MIL OSI Africa –

    June 19, 2025
  • MIL-OSI United Kingdom: MOU signed with Homes England to help deliver city centre vision

    Source: City of Plymouth

    Plymouth’s ambitions to provide thousands of homes in the city centre have taken a step closer with the signing of a Memorandum of Understanding with Homes England.

    Neil Hook, Director – Homes England South and London
    Tracey Lee, Chief Executive – Plymouth City Council
    Council Leader Tudor Evans – Plymouth City Council
    Eamonn Boylan, Interim CEO – Homes England

    Council leader Tudor Evans and Homes England CEO Eamonn Boylan signed the partnership document which is the next step in strengthening the working relationship between the two organisations.

    A new strategic partnership will accelerate the delivery of high-quality homes in Plymouth, supporting a transformational regeneration of the city centre and surrounding areas. These homes will play a key role in unlocking the economic potential of recent dockyard investments and help create a vibrant city where people can live, work, eat, shop, and socialise.

    This initiative aligns with the UK Government’s Strategic Defence Review, which identifies defence as a new engine for national growth. The Continuous At Sea Deterrent programme represents a generational investment in national security—and Plymouth is set to benefit directly.

    “Plymouth is at the forefront of a new era of economic opportunity,” said Tudor Evans. “By investing in affordable, high-quality housing, we’re not only supporting our defence capabilities but also creating a thriving, inclusive city for future generations.”

    The provision of affordable homes is central to retaining local talent, attracting new families, and ensuring that all communities benefit from this once-in-a-generation opportunity.

    Our city centre currently has around 800 homes in it. The top 20 English cities have an average of 8,000 homes, and regeneration over the last 20 years in Newcastle, Manchester, Salford, Sheffield and Leeds has shown that more housing in city centres plays a key part in rejuvenating them.

    City centres need to be more than shops, they need to be about culture, leisure, events and festivals, and places to live. There are also 8,000 people on the housing list and while the city centre was built for retail after the war, now is the time to bring people to live in the city centre again.

    The proposal is for a shared delivery plan to work together over five years to deliver a strategy for a series of transformative investments, acquisitions and developments which are rooted in the Plymouth and South West Devon Joint Local Plan.

    Interventions are designed to act a catalyst and market-making investments, that will allow the public sector to create the right conditions and confidence for the private sector to invest and deliver the wider regeneration of the city centre.

    Councillor Evans added: “We have been working with Homes England on our vision for the city centre and this is another important step along the road to making a vision a reality.

    “With change of this scale in the pipeline, we need to set out and confirm common goals, get clarity of what we are working towards and be clear about how we are going to bring others along on the journey.”

    Eamonn Boylan, Chief Executive of Homes England, said: “Our new Memorandum of Understanding with Plymouth City Council is an important step in strengthening our commitment to the area.

    “We’ll work side-by-side with the council to help achieve their vision for the city centre and support them to deliver 10,000 new homes for the people of Plymouth.”

    Extensive work is underway to develop shared ambitions with the agreed shared outcomes. They are:

    • Pioneering Urban Regeneration: Redefining the city centre as a dynamic hub of activity, focusing on homes and culture and diversification.
    • Delivering Nationally Significant Urban Regeneration: The city centre is nationally significant as a post war response to planning and urban design. Options will be considered to unlock a nationally significant urban extension in the heart of the city centre and look at how models can be pioneered that can be replicated elsewhere
    • Fostering Sustainable Development: The partners will consider ways to create a model of urban development that minimises environmental impact while maximising community benefits.
    • Empowering Local Businesses and Unlocking Private Investment: By strategically deploying government funding and leveraging private sector expertise, the vision is for a city centre that encourages market-led private sector investment and development. This includes working with landowners, leaseholders and occupiers to identify opportunities for joint investment.
    • Championing Social Justice via the Growth Alliance Plymouth (GAP) Through targeted initiatives and inclusive policies, there is potential to improve access to quality housing, education, healthcare, and employment opportunities.
    • Catalysing Private Sector-Led Development: Strategically deploying government funding and leveraging private sector expertise to encourage market led private sector investment and development.
    • Linking delivery to future planning policy: Homes England will work with the Council, Department for Transport, and MHCLG to shape a masterplan for Plymouth that delivers sustainable growth across all housing types and tenures. This will require an ambitious planning framework and a supply chain capable of delivering high quality homes and a population that can afford to live and work in Plymouth. The GAP work will continue to focus on skills, training and education that underpin these broader themes.
    • Embedding long term delivery goals into ways of working. The GAP programme will be the framework from which resourcing, delivery outcomes and ambition are embedded into the Council.

    This ambitious work programme will be overseen by a Strategic Investment and Regeneration Board attended by senior representatives from the Council and Homes England.

    The Council has embarked on a number of transformational projects designed to inject life, new uses and new visitors into the city centre. As well as the transforming the public realm of Old Town Street and New George Street, Armada Way, other projects in the pipeline include the former Civic Centre which is destined to be a city centre campus with a focus on blue/green skills as well as homes. 

    MIL OSI United Kingdom –

    June 19, 2025
  • MIL-OSI Security: Member Of Marion Gardens Jersey City Street Gang Sentenced to Two Consecutive Life Sentences for Murders and Drug Trafficking

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

    NEWARK, N.J. – Today, Myron Williams, a/k/a “Money,” a/k/a “Tunchi,” 31, of Newark was sentenced before the Honorable Michael E. Farbiarz to life imprisonment for racketeering conspiracy, life imprisonment for murder in aid of racketeering, 240 months’ imprisonment for possession with intent to distribute controlled substances, and 120 months’ imprisonment for discharging a firearm during a crime of violence, with all sentences to run consecutively.

    Williams’s co-defendant Khalil Kelley, a/k/a “Billski,” 26, of Jersey City, was previously sentenced on June 5, 2025, to life imprisonment, plus a consecutive ten-year term of imprisonment for racketeering conspiracy, for his role in the Marion Gardens street gang and a gang-related murder.

    Also today, Jawaad Davis, 23, of Jersey City, was sentenced to 170 months’ imprisonment for his role in the Marion Gardens street gang, which included orchestrating a robbery that resulted in murder.

    Eight other individuals are pending sentencing.  Roger Pickett, a/k/a “Zy G,” 24, of Jersey City was convicted at trial along with Williams and Kelley.  The remaining defendants—Herbert Thomas, 49, of Jersey City; Andre Alomar, a/k/a “Dre8,” 24, of Newark; Naim Richardson, a/k/a “Ninicks,” 32, of Jersey City; Anthony Rogers, a/k/a “MG,” 25, of Jersey City; Quaseame Wilson, a/k/a “Qua Gz,” 28, of Jersey City; Javon Williams, a/k/a “J45,” 28, of Jersey City; and Keith Anderson, a/k/a “Beef3,” 23, of Jersey City—all pled guilty before trial.  Each defendant will be sentenced before Judge Farbiarz in Newark as follows:

    Anthony Rogers, a/k/a “MG” June 26, 2025, at 3:00 p.m.
    Quaseame Wilson, a/k/a “Qua Gz” July 1, 2025, at 11:30 a.m.
    Andre Alomar, a/k/a “Dre8” July 1, 2025, at 2:00 p.m.
    Roger Pickett, a/k/a “Zy G” July 2, 2025, at 10:00 a.m.
    Keith Anderson, a/k/a “Beef3” July 2, 2025, at 11:30 a.m.
    Javon Williams, a/k/a “J45” July 2, 2025, at 2:00 p.m.
    Naim Richardson, a/k/a “Ninicks” July 16, 2025, at 11:00 a.m.
    Herbert Thomas October 1, 2025, at 2:00 p.m.

    According to documents filed in this case and statements made in court:

    Myron Williams, Khalil Kelley, Roger Pickett, Jawaad Davis, Anthony Rogers, Quaseame Wilson, Andre Alomar, Keith Anderson, Javon Williams, and Naim Richardson are all members and associates of the neighborhood street gang associated with the Marion Gardens Housing Complex. Since 2013, they and their fellow gang members have committed numerous acts of violence, including three separate murders, on March 29, 2021, Nov. 20, 2021, and Nov. 1, 2022.

    On March 29, 2021, Kelley and other gang members lured a rival gang member outside by sending him Instagram messages pretending to be the victim’s fellow gang member. When the victim opened the door to his residence, Kelley and another gang member brandished firearms, and the victim was shot multiple times in the chest, killing him. Pickett and Myron Williams then picked up Kelley and other gang members after they abandoned the murder vehicle in Newark.

    On Nov. 20, 2021, Myron Williams, Pickett, and Richardson lured a rival gang member outside by sending him Instagram messages pretending to be the second victim’s fellow gang member. Williams and another gang member shot the victim when he opened the door to his residence.

    On Nov. 1, 2022, Davis facilitated the murder of the third victim by coordinating a narcotics transaction with the victim and the victim’s associate. When the victim and his associate arrived at the Marion Gardens Housing Complex to complete the narcotics transaction, they were robbed of their narcotics supply. During the robbery, Pickett and Wilson held the victim and his associate at gunpoint. After a struggle ensued, Pickett shot and killed the victim while his associate fled. Pickett then fled the Marion Gardens Housing Complex with Wilson.

    For months, investigators observed and documented hundreds of narcotics transactions in and around the Marion Gardens Housing Complex.  The investigation likewise revealed that Herbert Thomas was a primary supplier of narcotics to the Marion Gardens street gang.

    When each defendant was arrested on March 17, 2023, law enforcement seized contraband at several different locations, including heroin, fentanyl, crack cocaine, narcotics packaging materials, ammunition, bulletproof vests, and a loaded handgun.

    U.S. Attorney Habba credited investigators of the Gang Intelligence Unit and the Homicide Unit of the Major Case Division of Hudson County Prosecutor’s Office, under the direction of Prosecutor Esther Suarez, and special agents of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), under the direction of Special Agent in Charge L.C. Cheeks Jr., and investigators of the Jersey City Police Department, under the direction of Director James Shea, with the investigation leading to the convictions. He also thanked the Federal Bureau of Investigation (FBI), under the direction of Special Agent in Charge Stefanie Roddy, and the U.S. Marshals, under the direction of U.S. Marshal Juan Mattos, for their assistance.

    This investigation was conducted as part of the Jersey City Violent Crime Initiative (VCI). The VCI was formed in 2018 by the U.S. Attorney’s Office for the District of New Jersey, the Hudson County Prosecutor’s Office, and the Jersey City Police Department, for the sole purpose of combatting violent crime in and around Jersey City. As part of this partnership, federal, state, county, and city agencies collaborate to strategize and prioritize the prosecution of violent offenders who endanger the safety of the community. The VCI is composed of the U.S. Attorney’s Office, the FBI, the ATF, the Drug Enforcement Administration’s (DEA) New Jersey Division, the U.S. Marshals, the Department of Homeland Security – Homeland Security Investigations (“HSI”), the Jersey City Police Department, the Hudson County Prosecutor’s Office, the Hudson County Sheriff’s Office, New Jersey State Parole, the Hudson County Jail, and the New Jersey State Police Regional Operations and Intelligence Center/Real Time Crime Center.

    The government is represented by First Assistant U.S. Attorney Desiree Grace, and Assistant U.S. Attorneys John Maloy and Javon Henry, of the Organized Crime and Gangs Unit of the U.S. Attorney’s Office’s Criminal Division in Newark.

                                                                           ###

    Defense counsel:

    Myron Williams – William Strazza, Esq.
    Jawaad Davis – Jason Orlando, Esq. and Tyler Newman, Esq.

    Khalil Kelley – Kevin Buchan, Esq. and James Seplowitz, Esq.

    MIL Security OSI –

    June 19, 2025
  • MIL-OSI Security: Member Of Marion Gardens Jersey City Street Gang Sentenced to Two Consecutive Life Sentences for Murders and Drug Trafficking

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

    NEWARK, N.J. – Today, Myron Williams, a/k/a “Money,” a/k/a “Tunchi,” 31, of Newark was sentenced before the Honorable Michael E. Farbiarz to life imprisonment for racketeering conspiracy, life imprisonment for murder in aid of racketeering, 240 months’ imprisonment for possession with intent to distribute controlled substances, and 120 months’ imprisonment for discharging a firearm during a crime of violence, with all sentences to run consecutively.

    Williams’s co-defendant Khalil Kelley, a/k/a “Billski,” 26, of Jersey City, was previously sentenced on June 5, 2025, to life imprisonment, plus a consecutive ten-year term of imprisonment for racketeering conspiracy, for his role in the Marion Gardens street gang and a gang-related murder.

    Also today, Jawaad Davis, 23, of Jersey City, was sentenced to 170 months’ imprisonment for his role in the Marion Gardens street gang, which included orchestrating a robbery that resulted in murder.

    Eight other individuals are pending sentencing.  Roger Pickett, a/k/a “Zy G,” 24, of Jersey City was convicted at trial along with Williams and Kelley.  The remaining defendants—Herbert Thomas, 49, of Jersey City; Andre Alomar, a/k/a “Dre8,” 24, of Newark; Naim Richardson, a/k/a “Ninicks,” 32, of Jersey City; Anthony Rogers, a/k/a “MG,” 25, of Jersey City; Quaseame Wilson, a/k/a “Qua Gz,” 28, of Jersey City; Javon Williams, a/k/a “J45,” 28, of Jersey City; and Keith Anderson, a/k/a “Beef3,” 23, of Jersey City—all pled guilty before trial.  Each defendant will be sentenced before Judge Farbiarz in Newark as follows:

    Anthony Rogers, a/k/a “MG” June 26, 2025, at 3:00 p.m.
    Quaseame Wilson, a/k/a “Qua Gz” July 1, 2025, at 11:30 a.m.
    Andre Alomar, a/k/a “Dre8” July 1, 2025, at 2:00 p.m.
    Roger Pickett, a/k/a “Zy G” July 2, 2025, at 10:00 a.m.
    Keith Anderson, a/k/a “Beef3” July 2, 2025, at 11:30 a.m.
    Javon Williams, a/k/a “J45” July 2, 2025, at 2:00 p.m.
    Naim Richardson, a/k/a “Ninicks” July 16, 2025, at 11:00 a.m.
    Herbert Thomas October 1, 2025, at 2:00 p.m.

    According to documents filed in this case and statements made in court:

    Myron Williams, Khalil Kelley, Roger Pickett, Jawaad Davis, Anthony Rogers, Quaseame Wilson, Andre Alomar, Keith Anderson, Javon Williams, and Naim Richardson are all members and associates of the neighborhood street gang associated with the Marion Gardens Housing Complex. Since 2013, they and their fellow gang members have committed numerous acts of violence, including three separate murders, on March 29, 2021, Nov. 20, 2021, and Nov. 1, 2022.

    On March 29, 2021, Kelley and other gang members lured a rival gang member outside by sending him Instagram messages pretending to be the victim’s fellow gang member. When the victim opened the door to his residence, Kelley and another gang member brandished firearms, and the victim was shot multiple times in the chest, killing him. Pickett and Myron Williams then picked up Kelley and other gang members after they abandoned the murder vehicle in Newark.

    On Nov. 20, 2021, Myron Williams, Pickett, and Richardson lured a rival gang member outside by sending him Instagram messages pretending to be the second victim’s fellow gang member. Williams and another gang member shot the victim when he opened the door to his residence.

    On Nov. 1, 2022, Davis facilitated the murder of the third victim by coordinating a narcotics transaction with the victim and the victim’s associate. When the victim and his associate arrived at the Marion Gardens Housing Complex to complete the narcotics transaction, they were robbed of their narcotics supply. During the robbery, Pickett and Wilson held the victim and his associate at gunpoint. After a struggle ensued, Pickett shot and killed the victim while his associate fled. Pickett then fled the Marion Gardens Housing Complex with Wilson.

    For months, investigators observed and documented hundreds of narcotics transactions in and around the Marion Gardens Housing Complex.  The investigation likewise revealed that Herbert Thomas was a primary supplier of narcotics to the Marion Gardens street gang.

    When each defendant was arrested on March 17, 2023, law enforcement seized contraband at several different locations, including heroin, fentanyl, crack cocaine, narcotics packaging materials, ammunition, bulletproof vests, and a loaded handgun.

    U.S. Attorney Habba credited investigators of the Gang Intelligence Unit and the Homicide Unit of the Major Case Division of Hudson County Prosecutor’s Office, under the direction of Prosecutor Esther Suarez, and special agents of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), under the direction of Special Agent in Charge L.C. Cheeks Jr., and investigators of the Jersey City Police Department, under the direction of Director James Shea, with the investigation leading to the convictions. He also thanked the Federal Bureau of Investigation (FBI), under the direction of Special Agent in Charge Stefanie Roddy, and the U.S. Marshals, under the direction of U.S. Marshal Juan Mattos, for their assistance.

    This investigation was conducted as part of the Jersey City Violent Crime Initiative (VCI). The VCI was formed in 2018 by the U.S. Attorney’s Office for the District of New Jersey, the Hudson County Prosecutor’s Office, and the Jersey City Police Department, for the sole purpose of combatting violent crime in and around Jersey City. As part of this partnership, federal, state, county, and city agencies collaborate to strategize and prioritize the prosecution of violent offenders who endanger the safety of the community. The VCI is composed of the U.S. Attorney’s Office, the FBI, the ATF, the Drug Enforcement Administration’s (DEA) New Jersey Division, the U.S. Marshals, the Department of Homeland Security – Homeland Security Investigations (“HSI”), the Jersey City Police Department, the Hudson County Prosecutor’s Office, the Hudson County Sheriff’s Office, New Jersey State Parole, the Hudson County Jail, and the New Jersey State Police Regional Operations and Intelligence Center/Real Time Crime Center.

    The government is represented by First Assistant U.S. Attorney Desiree Grace, and Assistant U.S. Attorneys John Maloy and Javon Henry, of the Organized Crime and Gangs Unit of the U.S. Attorney’s Office’s Criminal Division in Newark.

                                                                           ###

    Defense counsel:

    Myron Williams – William Strazza, Esq.
    Jawaad Davis – Jason Orlando, Esq. and Tyler Newman, Esq.

    Khalil Kelley – Kevin Buchan, Esq. and James Seplowitz, Esq.

    MIL Security OSI –

    June 19, 2025
  • MIL-OSI Global: G20 countries could produce enough renewable energy for the whole world – what needs to happen

    Source: The Conversation – Global Perspectives – By Sven Teske, Prof. Dr. | Research Director, Institute for Sustainable Futures, University of Technology Sydney

    The world’s most developed economies have also burnt the most oil and coal (fossil fuels) over the years, causing the most climate change damage. Preventing further climate change means a global fossil fuel phase-out must happen by 2050. Climate change mitigation scientists Sven Teske and Saori Miyake analysed the potential for renewable energy in each of the G20 countries. They concluded that the G20 is in a position to generate enough renewable energy to supply the world. For African countries to benefit, they must adopt long term renewable energy plans and policies and secure finance from G20 countries to set up renewable energy systems.

    Why is the G20 so important in efforts to limit global warming?

    The G20 group accounts for 67% of the world’s population, 85% of global gross domestic product, and 75% of global trade. The member states are the G7 (the US, Japan, Germany, the UK, France, Italy, Canada), plus Australia, China, India, Indonesia, Republic of Korea, Russia, Türkiye, Saudi Arabia, South Africa, Mexico, Brazil and Argentina.

    We wanted to find out how G20 member states could limit global warming. Our study examined the solar and wind potential for each of G20 member countries (the available land and solar and wind conditions). We then compared this with projected electricity demands for 2050. This is, to our knowledge, the first research of its kind.




    Read more:
    G20 is too elite. There’s a way to fix that though – economists


    We found that the potential for renewable energy in G20 countries is very high – enough to supply the projected 2050 electricity demand for the whole world. They have 33.6 million km² of land on which solar energy projects could be set up, or 31.1 million km² of land on which wind energy projects could be set up.

    This potential varies by geography. Not all G20 countries have the same conditions for generating solar and wind energy, but collectively, the G20 countries have enough renewable energy potential to supply the world’s energy needs.

    But for the G20 countries to limit global warming, they also need to stop emitting greenhouse gases. Recent figures show that the G20 countries were responsible for generating 87% of all energy-related carbon dioxide emissions that cause global warming.

    On the other hand, African Union countries (apart from South Africa, which is a high greenhouse gas emitter), were responsible for only 1.2% of the global total historical emissions until 2020.

    The G20 countries with the highest renewable energy potential (especially Australia and Canada) are major exporters of the fossil fuels that cause global warming. Along with every other country in the world, the G20 nations will need to end their human-caused carbon emissions by 2050 to prevent further climate change.

    Where does Africa fit into the picture?

    African countries cannot set up new electricity plants based on burning fossil fuels, like coal. If they do that, the world will never end human-caused greenhouse gas emissions by 2050. The continent must generate electricity for the 600 million Africans who do not currently have it but will need to move straight past fossil fuels and into renewable energy.

    For this, Africa will need finance. The African Union hosts the G20 summit later this year. This meeting begins just after the world’s annual climate change conference (now in its 30th year and known as COP30). These two summits will give Africa the chance to lobby for renewable energy funding from wealthier nations.

    Africa already has the conditions needed to move straight into renewable energy. The continent could be generating an amount of solar and wind power that far exceeds its projected demand for electricity between now and 2050.

    We are launching an additional analysis of the solar and wind potential of the entire African continent in Bonn, Germany on 19 June 2025 at a United Nations conference. This shows that only 3% of Africa’s solar and wind potential needs to be converted to real projects to supply Africa’s future electricity demand.




    Read more:
    Africa’s power pools: what the G20 can do to help countries share electricity


    This means that Africa has great untapped potential to supply the required energy for its transition to a middle-income continent – one of the African Union’s goals in Agenda 2063, its 50 year plan.

    But to secure enough finance for the continent to build renewable energy systems, African countries need long-term energy policies. These are currently lacking.

    So what needs to be done?

    The countries who signed up to the 2015 international climate change treaty (the Paris Agreement) have committed to replacing polluting forms of energy such as coal, fuelwood and oil with renewable energy.

    South Africa, through its G20 presidency, must encourage G20 nations to reduce their greenhouse gas emissions and support renewable energy investment in Africa.




    Read more:
    Fossil fuels are still subsidised: G20 could push for the funds to be shifted to cleaner energy


    Because financing the global energy transition is already high on the priority list of most countries, South Africa should push for change on three fronts: finance, sound regulations and manufacturing capacity for renewable technologies. These are the among the main obstacles for renewables, particularly in Africa.

    Finance: Financing the energy transition is among the highest priorities for COP30. Therefore, the COP30 meeting will be an opportunity for the African Union to negotiate finance for its renewable energy infrastructure needs.

    For this, fair and just carbon budgets are vital. A carbon budget sets out how much carbon dioxide can still be emitted in order for the global temperature not to rise more than 2°C higher than it was before the 1760 industrial revolution.

    A global carbon budget (the amount of emissions the whole world is allowed) has been calculated, but it needs to be divided up fairly so that countries that have polluted most are compelled to limit this.

    To divide the global carbon budget fairly, energy pathways need to be developed urgently that consider:

    • future developments of population and economic growth

    • current energy supply systems

    • transition times for decarbonisation

    • local renewable energy resources.

    The G20 platform should be used to lobby for fair and just carbon budgets.




    Read more:
    Wealthy nations owe climate debt to Africa – funds that could help cities grow


    Sound regulations that support the setting up of new factories: Governments must put policies in place to support African solar and wind companies. These are needed to win the trust of investors to invest in a future multi-billion dollar industry. Long-term, transparent regulations are needed too.

    These regulations should:

    • say exactly how building permits for solar and wind power plants will be granted

    • prioritise linking renewable energy plants to national electricity grids

    • release standard technical specifications for stand-alone grids to make sure they’re all of the same quality.

    Taking steps now to speed up big renewable energy industries could mean that African countries end up with more energy than they need. This can be exported and increase financial income for countries.

    Sven Teske receives funding from the European Climate Foundation and Power Shift Africa (PSA).

    Saori Miyake receives funding from European Climate Foundation and Power Shift Africa.

    – ref. G20 countries could produce enough renewable energy for the whole world – what needs to happen – https://theconversation.com/g20-countries-could-produce-enough-renewable-energy-for-the-whole-world-what-needs-to-happen-258463

    MIL OSI – Global Reports –

    June 19, 2025
  • MIL-OSI USA: Nearly Three Million New Yorkers to Receive Tax Relief

    Source: US State of New York

    overnor Kathy Hochul today announced that nearly three million New Yorkers will receive $2.2 billion in tax relief this summer and fall through New York’s School Tax Relief (STAR) program. STAR provides property tax relief to eligible homeowners and seniors statewide. While some STAR recipients have already received their benefit in the form of a tax exemption this year, many other recipients will receive their benefit as a tax credit and will be sent a check in the mail this summer and fall. Check deliveries will begin next week and will continue statewide throughout the coming months. Most homeowners eligible for a STAR credit will receive a check between $350 and $600. Most seniors eligible for an Enhanced STAR credit will receive a check between $700 and $1,500. STAR recipients can visit ny.gov/STAR to track their check delivery or enroll in direct deposit.

    “Summer is here — and it’s also the start of STAR tax relief season for millions of New Yorkers,” Governor Hochul said. “From tax credits to child care assistance and much more, we’re continuing to put more money back in New Yorkers’ pockets.”

    New York State Department of Taxation and Finance Acting Commissioner Amanda Hiller said, “The STAR program delivers welcome tax relief, and we want every eligible homeowner to take advantage of it. If you’re a new homeowner, or you are currently not receiving a STAR benefit on your primary residence, check out the Tax Department’s website to see how you can enroll and start saving.”

    Regional breakdown of this year’s $2.2 billion in STAR tax relief for nearly 3 million New Yorkers:

    REGION STAR TAX RELIEF RECIPIENTS
    Capital District $144.5 million 242,000
    Central New York $131.1 million 176,000
    Finger Lakes $205.2 million 279,000
    Long Island $698.4 million 582,000
    Mid-Hudson $488.5 million 404,000
    Mohawk Valley $66.3 million 101,000
    New York City $158.6 million 483,000
    North Country $47.2 million 88,000
    Southern Tier $109.6 million 156,000
    Western New York $178.5 million 320,000
    TOTAL $2.2 BILLION 2.83 MILLION

    Senate Majority Leader Andrea Stewart-Cousins said, “While Washington advances tax cuts for the ultra-wealthy and mega-corporations at the expense of millions of working Americans, we in New York continue to champion the well-being of the middle class. The Senate Democratic Majority has worked with Governor Hochul and the Assembly to put more money back in the pockets of everyday New Yorkers. We look forward to continuing the fight to make New York more affordable.”

    Assembly Speaker Carl Heastie said, “As we head into the summer, millions of homeowners and seniors across the state will get these STAR tax relief checks, putting money back into their pockets and allowing them to spend their hard-earned money in the best way for their family. We will continue working together with our partners in government to find commonsense ways to ease the financial burden on New York families.”

    Homeowners and seniors who are eligible and enrolled in the STAR program receive their benefit each year in one of two ways: as an exemption that reduces their school tax bill, or as a credit issued as a check or direct deposit.

    The STAR benefits received by each recipient are based in part on local school taxes and vary based on the county in which the individual resides, among other factors.

    Homeowners who are registered and eligible for the STAR credit can expect to receive their STAR credit before the deadline for their school taxes. Some parts of the state — including New York City, Buffalo, Rochester and Syracuse — have due dates in July and will receive their STAR benefits between the end of June and mid-July. Benefits across other parts of the state will continue to roll out statewide throughout the summer and fall.

    Those who receive the STAR credit as a check or direct deposit can visit the STAR Credit Delivery Schedule to learn when credits will be issued in their area. Property owners who are looking for details about STAR credits that have already been issued should visit the Property Tax Credit Lookup.

    Enroll in STAR Direct Deposit

    Homeowners can enroll in the STAR Credit Direct Deposit program through the Homeowner Benefit Portal within the Tax Department’s secure Online Services system. Homeowners will also be able to use the Homeowner Benefit Portal to manage their STAR benefits easily and efficiently.

    The direct deposit option enables eligible STAR credit recipients to get their STAR credits without having to wait for and cash a check. To ensure homeowners receive their STAR credit by direct deposit this year, they should enroll as soon as possible. Homeowners who enroll fewer than 15 days before STAR credits are issued will receive a check this year and direct deposit will begin next year.

    For more information about the STAR program, visit the Tax Department’s STAR Resource Center.

    State Senator José M. Serrano said, “The New York State School Tax Relief (STAR) program is a vital resource for homeowners and seniors throughout New York State. I am happy that this year’s program will provide much needed property tax relief to nearly three million people statewide. My sincere thanks to Governor Kathy Hochul and my colleagues in government for their continued investment in our homeowners.”

    State Senator Leroy Comrie said, “As the cost of living continues to rise, property tax relief through the STAR program is a lifeline for working families and seniors across New York. I commend Governor Hochul for prioritizing this critical support, which will provide meaningful relief to nearly three million homeowners statewide. Including thousands in Southeastern Queens. These investments help keep our communities stable and our residents secure in their homes”

    State Senator Roxanne J. Persaud said, “I encourage all eligible individuals to enroll in the STAR program. The STAR tax relief program puts money back into the hands of hardworking homeowners and seniors, which helps to ease the burden of rising costs and ensure families can continue to thrive in the communities they love.”

    State Senator Jamaal T. Bailey said, “With the cost of living continuing to rise, this year’s STAR tax relief program delivers real and timely support for millions of New Yorkers. Whether it’s helping seniors on fixed incomes or working families trying to stay afloat, these checks offer critical relief and stability. I thank Governor Hochul for her work in supporting this program that puts money back into the pockets of homeowners and strengthens our communities.”

    State Senator Shelley B. Mayer said, “I am pleased that millions of New Yorkers, including over 400,000 residents in the Hudson Valley, receive tax relief this summer and fall through the New York School Tax Relief (STAR) program. Many families in Westchester struggle with the high cost of living, and the STAR program will offer much-needed assistance. I encourage those eligible for STAR to enroll in direct deposit to simplify the process of receiving your STAR checks. I would also like to thank Governor Kathy Hochul for her commitment towards a hassle-free program that helps alleviate the burden of property taxes.”

    State Senator Pete Harckham said, “At a time when every dollar counts, New York State is proactively helping seniors and middle-class New Yorkers. The disbursement of $2.2 billion in STAR property tax relief funds this summer and fall will make an important difference in the lives of taxpayers and support the local economy of the Hudson Valley.”

    State Senator Monica R. Martinez said, “Thanks to the STAR program, nearly 3 million New York State families, including more than 580,000 on Long Island, are seeing meaningful tax relief this year. Providing $2.2 billion in assistance will ease a financial burden on New Yorkers, improve homeownership affordability, and give families more flexibility in managing their household budgets. I thank Governor Hochul for working with the Legislature to continue providing this support for property owners across our state.”

    State Senator Rachel May said, “The STAR program helps make homeownership more affordable for seniors and families across New York. In Central New York, this kind of targeted tax relief makes a real difference. I’m grateful to Governor Hochul for continuing to support a program that helps so many of our neighbors stay in their homes.”

    State Senator Robert Jackson said, “In a time when working families are being priced out of the very neighborhoods they helped build, the STAR program is not a luxury—it’s a lifeline. I commend Governor Hochul for delivering $2.2 billion in direct relief to nearly 3 million New Yorkers, including seniors who have spent decades strengthening our communities. This is how government should work: putting public dollars back into the hands of the people. Tax justice is housing justice—and STAR is helping keep that promise real, one check at a time.”

    State Senator Jeremy Cooney said, “The STAR program is one of many ways we are tackling affordability in New York and making our state a place where everyone is able to live and thrive. With billions in relief being sent out, including over $205 million for the Finger Lakes region, I want to thank Governor Hochul for putting money back in the pockets of New Yorkers and for her commitment to increasing the quality of life across our state.”

    State Senator Samra Brouk said, “Working families in New York State need our support. Through New York School’s Tax Relief (STAR) program, more homeowners and older adults will receive property tax relief so they can keep money in their pockets. I applaud Governor Hochul for investing in New Yorkers and helping our families thrive.”

    State Senator Michelle Hinchey said, “Delivering over $630 million in property tax relief for homeowners across the Mid-Hudson Valley and Capital Region is a big deal. At a time when the cost of everything is up—from groceries to utilities—putting more money back into people’s pockets is critical to easing the pressure on working families and seniors. The STAR program is a big help in reducing that financial strain, and we’ll continue to push for the tax relief New Yorkers deserve through this and other state initiatives.”

    State Senator Lea Webb said, The STAR program is a lifeline for hardworking families and seniors across the Southern Tier and I’m proud to see $109.6 million for residents in my district. This year’s tax relief means more money in the pockets of nearly 3 million New Yorkers and for our communities, that makes a real difference. Whether it’s covering heating bills, groceries, or home repairs, this support helps people stay rooted in the homes they’ve worked hard to build.”

    State Senator Nathalia Fernandez said, “At a time when working families’ budgets are being stretched in every direction, this STAR tax relief serves as a real lifeline. I appreciate Governor Hochul’s commitment to getting this done, and for ensuring that New Yorkers can access the relief they deserve.”

    State Senator April N.M. Baskin said, “The STAR program provides real relief to seniors and eligible homeowners in our great state. In her State of the State address, Governor Hochul emphasized the need for affordable housing. I commend the governor for her follow through, ensuring that Western New York receives nearly $180 million and that many other areas across the state are benefiting from this essential program.”

    Assemblymember William Colton said, “The STAR tax credit is a great way for homeowners to save money on their property tax bill for their primary residence. If you haven’t applied, but think you might be eligible, based on income level, I urge you to do so. In particular, seniors who meet eligibility requirements may be entitled to the benefits of the Enhanced STAR program, which are extremely meaningful to those on a fixed income. Because the maximum income for eligibility for Enhanced STAR has been raised this year, more seniors who previously didn’t qualify will be able to claim the added tax relief, which is really important as prices have continued to rise on so many necessities.

    Assemblymember Charles D. Lavine said, “I am grateful to Governor Hochul for supporting this wonderful program and making it easier than ever to get real money back in the pockets of New Yorkers. She continues to prioritize the economic needs of hard-working families and seniors, and I commend her for that. I encourage everyone to use the online STAR resource center to determine eligibility.”

    Assemblymember Steven Otis said, “Governor Hochul and the State Legislature have again funded the popular STAR tax relief program. This is an important part of the effort in this year’s state budget to address issues of affordability for families. Established decades ago, Basic STAR and Enhanced STAR help reduce the burden of school property taxes across the state. Each year I support continued state commitment in our enacted state budgets for STAR.”

    Assemblymember Jo Anne Simon said, “As the cost of living goes up, the STAR program continues to provide much-needed relief for seniors and homeowners. For many, it is the difference between buying groceries and going hungry. I’m grateful to Governor Hochul for ensuring this vital relief reaches New Yorkers in need.”

    Assemblymember Latrice Walker said, “I hear almost daily from constituents about their ongoing struggles to pay for food, utilities, and other necessities. They live in a day-to-day affordability crisis where every dollar counts. I applaud Gov. Kathy Hochul for her leadership in bringing tax relief to nearly 3 million New Yorkers, including 483,000 right here in the five boroughs. Homeowners, especially our beloved seniors, need this type of relief now.”

    Assemblymember Rebecca A. Seawright said, “As Chair of the Aging Committee and Assembly Member of the largest cohort of older adults in Manhattan, I am grateful to Governor Hochul for her enduring leadership on affordability in our city and state, particularly for aging New Yorkers. The STAR and Enhanced STAR Credits provide invaluable tax relief to qualifying homeowners and elders. They also enable aging in place for elder New Yorkers – including over sixty thousand constituents in my district – which enhances their health and advances quality of life at significant, taxpayer cost savings over institutionalized care. The STAR program is both compassionate and common sense.”

    Assemblymember Clyde Vanel said, “As New Yorkers continue to feel the pressure of a rising cost of living, Governor Hochul’s commitment to the STAR program ensures that millions of families and seniors in the state can keep more of their hard-earned money. This critical tax relief will continue to strengthen communities across our state and I applaud the Governor for her unwavering support of this vital program.”

    Assemblymember Harvey Epstein said, “As the cost of living continues to increase in our state, it is important to put money back in the pockets of New Yorkers. The STAR tax credit will offer property tax relief to many homeowners who need it.”

    Assemblymember Charles D. Fall said, “Many of our homeowners—particularly seniors on fixed incomes—depend on the STAR program to help offset the burden of rising property taxes. That’s why I’ve remained a strong advocate for increasing public awareness and ensuring our community understands how to access this vital benefit. With nearly three million New Yorkers set to receive STAR credits this summer and fall, the impact of this program is undeniable. Whether the relief amounts to $350 or $1,500, every dollar matters—especially as the cost of living continues to rise. I remain committed to making sure no one in our district is left behind when it comes to receiving the support they’re entitled to.”

    Assemblymember Jen Lunsford said, “The STAR and Enhanced STAR credits are some of the most effective tools we have to put money back in the pockets of New Yorkers. We don’t levy school or property taxes at the state level so we have to get creative about providing relief. The improvements we’ve made in this year’s budget will mean hundreds, and in some cases over a thousand, dollars to our homeowners and seniors, helping them make ends meet at a time when they need it most.”

    Assemblymember Jessica González-Rojas said, “I commend the Governor Hochul, Speaker Heastie, Majority Leader Stewart-Cousins, and my colleagues in the Legislature for ensuring New York homeowners get the support they need in our rapidly changing economy. New Yorkers are navigating challenging circumstances and need all the relief they can get. The STAR rebate check disbursement by Governor Hochul is a great opportunity to support homeowners in our city and state as budgets have only gotten tighter, and bills have gone higher. Thank you to all who helped make this happen so we can provide more economic relief to all New Yorkers.”

    Assemblymember Nily Rozic said, “Property tax relief is one of the most direct and meaningful ways we can support the working and middle-class. This investment through the STAR program will provide real relief for homeowners and seniors across Queens and throughout the state. I thank Governor Hochul for making affordability a priority and putting money back into the pockets of New Yorkers.”

    Assemblymember Yudelka Tapia said, “At a time when so many families and seniors are feeling the strain of rising costs, the STAR relief program is meaningful assistance that puts money back in people’s pockets. I’m proud to support programs like STAR that make it easier for New Yorkers to stay in their homes and build financial stability. I thank Governor Hochul for continuing to prioritize assistance for seniors and homeowners across our state.”

    Assemblymember Dana Levenberg said, “The STAR program provides incredibly important tax relief in my district. I am proud to have protected it and fought for more middle-class tax relief in this year’s state budget, and pleased that my constituents will begin seeing some relief in the coming months. As the country’s economic outlook becomes more uncertain, I will continue working with my colleagues and the Governor to provide whatever relief we can to New York’s working and middle-class households.”

    Assemblymember Gabriella A. Romero said, “I’m proud to share that this year, over 242,000 homeowners in the Capital Region will see $144.5 million in STAR property tax relief. This vital investment prioritizes those hit hardest by the rising cost of living and delivers lasting relief where it’s needed most. I’m honored to stand with Governor Hochul and my colleagues in the State Legislature who ensured this was included in this year’s budget.”

    Assemblymember George Alvarez said, “At a time when the cost of living continues to burden working families and seniors across our state, the STAR program provides critical relief that puts money directly back into the hands of homeowners. I applaud Governor Hochul’s commitment to easing the financial pressure on nearly three million New Yorkers, including many in my district, through this meaningful investment in property tax relief”.

    Assemblymember Steven Raga said, “Homeownership should be a reward for a lifetime of work — but in New York, the high cost of living is putting that dream in jeopardy. That’s why I’m happy that under Governor Hochul’s leadership, eligible homeowners and seniors are receiving $2.2 billion worth of tax relief this year. From working-class families in Elmhurst to seniors on fixed incomes in Westside, eligible residents of New York will receive checks between $350-$1,500 — a much relief to our tax burdened communities. I thank Governor Kathy Hochul for her commitment to strengthening this program, and for recognizing the importance of preserving and expanding efforts that meet the evolving needs of our communities.”

    Assemblymember MaryJane Shimsky said, “STAR provides desperately needed property tax relief to New York’s homeowners. With major funding cuts coming from Washington, these benefits will be even more crucial as our households struggle harder to make ends meet. I urge our homeowners to check their eligibility for both Basic STAR and Enhanced STAR, and to consult the delivery schedule for their area. Thanks to Governor Hochul for getting the word out!”

    MIL OSI USA News –

    June 19, 2025
  • MIL-OSI: Eureka Acquisition Corp Announces Postponement of the Extraordinary General Meeting to June 25, 2025 and Extension of Redemption Request Deadline

    Source: GlobeNewswire (MIL-OSI)

    New York, June 18, 2025 (GLOBE NEWSWIRE) — Eureka Acquisition Corp (the “Company”) (Nasdaq: EURK), a blank check company, today announced that its previously announced extraordinary general meeting in lieu of an annual general meeting of shareholders (the “Extraordinary General Meeting”) will be postponed from 9:00 a.m. Eastern Time on June 20, 2025 to 9:00 a.m. Eastern Time on June 25, 2025 (the “Postponement”) to allow the Company additional time to engage with shareholders. 

    The Extraordinary General Meeting is to be held for the purpose of considering and voting on, among other proposals, a proposal to amend the Company’s current charter to provide that the Company has until July 3, 2025 to complete a business combination and may elect to extend up to twelve times, each by a one-month extension, for a total of up to twelve months to July 3, 2026.

    The record date for determining the Company shareholders entitled to receive notice of and to vote at the Extraordinary General Meeting remains the close of business on May 23, 2025 (the “Record Date”). Shareholders as of the Record Date can vote, even if they have subsequently sold their shares. Shareholders who have previously submitted their proxies or otherwise voted and who do not want to change their vote need not to take any action. Shareholders who have not yet done so are encouraged to vote as soon as possible.

    As a result of the Postponement, the previously disclosed deadline of June 17, 2025 (two business days before the Extraordinary General Meeting, as originally scheduled) for delivery of redemption requests from the Company’s shareholders to the Company’s transfer agent has been extended to June 23, 2025 (two business days before the postponed Extraordinary General Meeting). Shareholders who wish to withdraw their previously submitted redemption request may do so prior to the postponed Extraordinary General Meeting by requesting that the Company’s transfer agent return such shares by 5:00 p.m. Eastern Time on June 23, 2025.

    There is no change to the location, the record date, or any of the other proposals to be acted upon at the Extraordinary General Meeting.

    If you have questions regarding the certification of your position or delivery of your shares, please contact:

    Continental Stock Transfer & Trust Company
    1 State Street 30th Floor
    New York, NY 10004-1561
    E-mail: spacredemptions@continentalstock.com

    The Company’s shareholders who have questions regarding the Postponement, the Extraordinary General Meeting, or would like to request documents may contact the Company’s proxy solicitor, Advantage Proxy, Inc., at (877) 870-8565, or banks and brokers can call (206) 870-8565, or by email at ksmith@advantageproxy.com.

    About Eureka Acquisition Corp

    Eureka Acquisition Corp is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, incorporated for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

    Forward-Looking Statements

    This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as “believes,” “expects,” “intends,” “plans,” “estimates,” “assumes,” “may,” “should,” “will,” “seeks,” or other similar expressions. Such statements may include, but are not limited to, statements regarding the date of the Extraordinary General Meeting and the redemption request deadline. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.

    Additional Information and Where to Find It

    On June 3, 2025, the Company filed a definitive proxy statement with the Securities and Exchange Commission (the “SEC”) in connection with its solicitation of proxies for the Extraordinary General Meeting. The Company will amend and supplement the definitive proxy statement to provide information about the Postponement and the redemption request deadline. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER DOCUMENTS THE COMPANY FILES WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the definitive proxy statement (including any amendments or supplements thereto) and other documents filed with the SEC through the web site maintained by the SEC at www.sec.gov or by contacting the Company’s proxy solicitor.

    Participants in the Solicitation

    The Company and its respective directors and officers may be deemed to be participants in the solicitation of proxies from shareholders in connection with the Extraordinary General Meeting. Additional information regarding the identity of these potential participants and their direct or indirect interests, by security holdings or otherwise, is set forth in the definitive proxy statement. You may obtain free copies of these documents using the sources indicated above.

    Contact Information:
    Fen Zhang
    Chairman and Chief Executive Officer
    Email: eric.zhang@hercules.global
    Tel: +86 135 0189 0555

    The MIL Network –

    June 19, 2025
  • MIL-OSI: Eureka Acquisition Corp Announces Postponement of the Extraordinary General Meeting to June 25, 2025 and Extension of Redemption Request Deadline

    Source: GlobeNewswire (MIL-OSI)

    New York, June 18, 2025 (GLOBE NEWSWIRE) — Eureka Acquisition Corp (the “Company”) (Nasdaq: EURK), a blank check company, today announced that its previously announced extraordinary general meeting in lieu of an annual general meeting of shareholders (the “Extraordinary General Meeting”) will be postponed from 9:00 a.m. Eastern Time on June 20, 2025 to 9:00 a.m. Eastern Time on June 25, 2025 (the “Postponement”) to allow the Company additional time to engage with shareholders. 

    The Extraordinary General Meeting is to be held for the purpose of considering and voting on, among other proposals, a proposal to amend the Company’s current charter to provide that the Company has until July 3, 2025 to complete a business combination and may elect to extend up to twelve times, each by a one-month extension, for a total of up to twelve months to July 3, 2026.

    The record date for determining the Company shareholders entitled to receive notice of and to vote at the Extraordinary General Meeting remains the close of business on May 23, 2025 (the “Record Date”). Shareholders as of the Record Date can vote, even if they have subsequently sold their shares. Shareholders who have previously submitted their proxies or otherwise voted and who do not want to change their vote need not to take any action. Shareholders who have not yet done so are encouraged to vote as soon as possible.

    As a result of the Postponement, the previously disclosed deadline of June 17, 2025 (two business days before the Extraordinary General Meeting, as originally scheduled) for delivery of redemption requests from the Company’s shareholders to the Company’s transfer agent has been extended to June 23, 2025 (two business days before the postponed Extraordinary General Meeting). Shareholders who wish to withdraw their previously submitted redemption request may do so prior to the postponed Extraordinary General Meeting by requesting that the Company’s transfer agent return such shares by 5:00 p.m. Eastern Time on June 23, 2025.

    There is no change to the location, the record date, or any of the other proposals to be acted upon at the Extraordinary General Meeting.

    If you have questions regarding the certification of your position or delivery of your shares, please contact:

    Continental Stock Transfer & Trust Company
    1 State Street 30th Floor
    New York, NY 10004-1561
    E-mail: spacredemptions@continentalstock.com

    The Company’s shareholders who have questions regarding the Postponement, the Extraordinary General Meeting, or would like to request documents may contact the Company’s proxy solicitor, Advantage Proxy, Inc., at (877) 870-8565, or banks and brokers can call (206) 870-8565, or by email at ksmith@advantageproxy.com.

    About Eureka Acquisition Corp

    Eureka Acquisition Corp is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, incorporated for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

    Forward-Looking Statements

    This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as “believes,” “expects,” “intends,” “plans,” “estimates,” “assumes,” “may,” “should,” “will,” “seeks,” or other similar expressions. Such statements may include, but are not limited to, statements regarding the date of the Extraordinary General Meeting and the redemption request deadline. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.

    Additional Information and Where to Find It

    On June 3, 2025, the Company filed a definitive proxy statement with the Securities and Exchange Commission (the “SEC”) in connection with its solicitation of proxies for the Extraordinary General Meeting. The Company will amend and supplement the definitive proxy statement to provide information about the Postponement and the redemption request deadline. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER DOCUMENTS THE COMPANY FILES WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the definitive proxy statement (including any amendments or supplements thereto) and other documents filed with the SEC through the web site maintained by the SEC at www.sec.gov or by contacting the Company’s proxy solicitor.

    Participants in the Solicitation

    The Company and its respective directors and officers may be deemed to be participants in the solicitation of proxies from shareholders in connection with the Extraordinary General Meeting. Additional information regarding the identity of these potential participants and their direct or indirect interests, by security holdings or otherwise, is set forth in the definitive proxy statement. You may obtain free copies of these documents using the sources indicated above.

    Contact Information:
    Fen Zhang
    Chairman and Chief Executive Officer
    Email: eric.zhang@hercules.global
    Tel: +86 135 0189 0555

    The MIL Network –

    June 19, 2025
  • MIL-OSI United Kingdom: Construction director sentenced after failing to explain almost £500,000 worth of transfers out of company account

    Source: United Kingdom – Executive Government & Departments

    Press release

    Construction director sentenced after failing to explain almost £500,000 worth of transfers out of company account

    Suspended sentence for director who did not deliver accounting records to the liquidator

    • Construction director Mario Huiu failed to account for nearly £500,000 transferred out of his company’s accounts in a one-month period in 2020 

    • Huiu also failed to verify more than £200,000 in cash receipts and explain why his Incentive Services Limited company failed with debts of over £160,000 

    • Insolvency Service investigations have resulted in Huiu being given a suspended sentence for failing to provide accounting records

    A construction director who failed to explain transfers totalling almost £500,000 out of his company’s bank account has been handed a suspended sentence. 

    Mario Huiu’s failure to keep proper accounting records for Incentive Services Limited meant liquidators were also unable to verify cash receipts of more than £200,000 into the same bank account. 

    The 39-year-old, of Hayesbrook Road, Ilford, was prosecuted for offences under the Companies Act 2006 and Insolvency Act 1986. 

    Huiu was given a four-month prison sentence, suspended for 12 months, when he appeared at Thames Magistrates’ Court on Friday 13 June. 

    Mark Stephens, Chief Investigator at the Insolvency Service, said: 

    Limited liability companies provide vital protection for business owners, but this protection comes with serious responsibilities.

    Maintaining proper accounting records is not just a legal requirement – it is essential for responsible business management.  

    Directors such as Mario Huiu who fail to keep accurate financial records put their creditors and trading partners at unacceptable risk and jeopardise their own ability to make sound trading decisions. 

    Incentive Services Limited was incorporated in March 2017 under the name of EMA Dry-Lining Ltd. The company changed its name three times before settling on Incentive Services Limited in May 2020. 

    Huiu was sole director of the company when it went into liquidation seven months later in December 2020. 

    As director of the company, Huiu was required to maintain and preserve company books and records and deliver them to the liquidator. 

    His failure to do this meant the liquidator was unable to verify transfers of £498,480 from the company’s account between May and June 2020. 

    Huiu’s explanation during interview that the money was spent on paying suppliers was uncorroborated and described by the Insolvency Service as “not credible”. 

    Similarly, unverified cash receipts of £261,960 into the same company bank account did not have supporting sales records. 

    Four other company bank accounts were identified during the course of Insolvency Service investigations. Huiu did not declare them all to investigators. 

    Huiu’s failure to deliver books and records to the liquidator meant the true level of the company’s financial turnover could not be verified. 

    The reasons why the company failed owing creditors £162,482 were also not explained due to the inadequate accounts. 

    Huiu was disqualified as a company director for six years in November 2021 following initial Insolvency Service investigations into his misconduct at Incentive Services Limited.

    Further information

    • Mario Huiu is of Mayesbrook Road, Ilford. His date of birth is 18 September 1985 

    • Incentive Services Limited (company number 10682169) 

    • Further information about the work of the Insolvency Service, and how to complain about financial misconduct.

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    Updates to this page

    Published 18 June 2025

    MIL OSI United Kingdom –

    June 19, 2025
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