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Category: Finance

  • MIL-OSI: KANZHUN LIMITED to Hold Annual General Meeting on June 27, 2025

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, May 22, 2025 (GLOBE NEWSWIRE) — KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced that it will hold an annual general meeting of the Company’s shareholders (the “AGM”) at 3 p.m. Beijing time on June 27, 2025 at 21/F, GrandyVic Building, Taiyanggong Middle Road, Chaoyang District, Beijing, China for the purposes of considering and, if thought fit, passing with or without amendments, each of the proposed resolutions as set forth in the notice of the AGM (the “AGM Notice”). The AGM Notice, a circular in relation to the AGM, and the form of proxy for the AGM are available on the Company’s website at https://ir.zhipin.com. The board of directors of the Company fully supports the proposed resolutions and recommends that shareholders and holders of American depositary shares (“ADSs”) vote in favor of the proposed resolutions.

    Holders of record of ordinary shares of the Company at the close of business on May 22, 2025, Hong Kong time, are entitled to notice of, to attend and vote at, the AGM or any adjournment thereof. Holders of record of ADSs as of the close of business on May 22, 2025, New York time, who wish to exercise their voting rights for the underlying Class A ordinary shares must give voting instructions to Citibank, N.A., the depositary of the ADSs.

    The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s annual report on Form 20-F can be accessed on the Company’s website at https://ir.zhipin.com and on the SEC’s website at http://www.sec.gov.

    Safe Harbor Statement

    This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the SEC, in announcements made on the website of The Stock Exchange of Hong Kong Limited, in its interim and annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC and The Stock Exchange of Hong Kong Limited. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    About KANZHUN LIMITED

    KANZHUN LIMITED operates the leading online recruitment platform BOSS Zhipin in China. The Company connects job seekers and enterprise users in an efficient and seamless manner through its highly interactive mobile app, a transformative product that promotes two-way communication, focuses on intelligent recommendations, and creates new scenarios in the online recruiting process. Benefiting from its large and diverse user base, BOSS Zhipin has developed powerful network effects to deliver higher recruitment efficiency and drive rapid expansion.

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

    For investor and media inquiries, please contact:

    KANZHUN LIMITED
    Investor Relations
    Email: ir@kanzhun.com

    In China:

    PIACENTE FINANCIAL COMMUNICATIONS
    Helen Wu
    Tel: +86-10-6508-0677
    Email: kanzhun@tpg-ir.com

    In the United States:

    PIACENTE FINANCIAL COMMUNICATIONS
    Brandi Piacente
    Phone: +1-212-481-2050
    Email: kanzhun@tpg-ir.com

    The MIL Network –

    May 27, 2025
  • MIL-OSI: KANZHUN LIMITED Announces Board Change

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, May 22, 2025 (GLOBE NEWSWIRE) —  KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced that Ms. Hongyu Liu has been appointed as an independent non-executive director of the Company and a member of the nomination committee.

    Ms. Hongyu Liu, aged 52, is a financial expert with over 25 years of experience in the financial services industry. Ms. Liu currently serves as a managing director at Intermediate Capital Asia Pacific Limited, where she started her role in 2016. She previously served as a principal at TPG Capital, and held the position of vice president at Lazard China Limited. Her earlier career also includes over seven years at JP Morgan Chase, where she held various roles in the United States and Hong Kong, with her last position being a vice president.

    Ms. Liu earned a Bachelor of Arts degree in finance from Renmin University of China, a Master of Arts in Law and Diplomacy from The Fletcher School of Tufts University, and an MBA from Tuck School of Business at Dartmouth College. She also serves on the International Board of Advisors at Tufts University. Ms. Liu is a Chartered Financial Analyst and is licensed under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the “SFO”) as a representative to carry out Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities.

    The Company would like to welcome Ms. Liu to the board. The Company believes that her expertise and experience will be a valuable asset to the Company’s development.

    Safe Harbor Statement

    This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of The Stock Exchange of Hong Kong Limited, in its interim and annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission and The Stock Exchange of Hong Kong Limited. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    About KANZHUN LIMITED

    KANZHUN LIMITED operates the leading online recruitment platform BOSS Zhipin in China. The Company connects job seekers and enterprise users in an efficient and seamless manner through its highly interactive mobile app, a transformative product that promotes two-way communication, focuses on intelligent recommendations, and creates new scenarios in the online recruiting process. Benefiting from its large and diverse user base, BOSS Zhipin has developed powerful network effects to deliver higher recruitment efficiency and drive rapid expansion.

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

    For investor and media inquiries, please contact:

    KANZHUN LIMITED
    Investor Relations
    Email: ir@kanzhun.com

    In China:

    PIACENTE FINANCIAL COMMUNICATIONS
    Helen Wu
    Tel: +86-10-6508-0677
    Email: kanzhun@tpg-ir.com

    In the United States:

    PIACENTE FINANCIAL COMMUNICATIONS
    Brandi Piacente
    Phone: +1-212-481-2050
    Email: kanzhun@tpg-ir.com

    The MIL Network –

    May 27, 2025
  • MIL-OSI Australia: Update – Serious Crash at Blackwood

    Source: New South Wales – News

    A motorcycle rider has been seriously injured in a crash at Blackwood this afternoon.

    Just after 3.30pm on Thursday 22 May, police were called to Shepherds Hill Road after reports of a collision between a truck and motorcycle.

    The rider, a 46-year-old man from Blackwood, sustained serious injuries in the crash and rushed to hospital. He remains in a critical condition.

    The truck driver, a 38-year-old man from Holden Hill, was not injured.

    Traffic was blocked for westbound traffic from the Blackwood roundabout for several hours but reopened about 9.15pm.

    Major Crash Investigators attended the scene to determine the circumstances surrounding the crash.

    Anyone who witnessed the crash and hasn’t yet spoken to police is asked to contact Crime Stoppers at www.crimestopperssa.com.au or on 1800 333 000. You can remain anonymous.

    ​

    MIL OSI News –

    May 27, 2025
  • MIL-OSI: Meteora Capital Recently Celebrated the Three-Year Anniversary of Flagship Fund

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) — Meteora Capital, LLC (“Meteora”), a leading investment adviser specializing in event-driven equity and credit strategies, is proud to announce the third anniversary of its flagship fund, Meteora Select Trading Opportunities, LP (“MSTO”).

    MSTO’s strategy focuses on identifying opportunities arising from hard catalyst investments including mergers, restructurings, convertible bonds, SPACs and other special situations. These strategies aim to deliver risk-adjusted returns while navigating complex market dynamics.

    Founded in 2021 by Vik Mittal, CFA, Meteora Capital leverages deep expertise across public and private markets. Mittal, the firm’s Managing Member and Chief Investment Officer, brings over two decades of experience in event-driven investing across strategies such as merger arbitrage, SPACs, convertible securities, structured financing, and credit opportunities.

    Meteora, which is headquartered in Boca Raton, Florida with a satellite office in New York, NY now has a total staff of 13 including Mittal. This growth in personnel reflects the firm’s commitment to building a robust team capable of navigating complex investments.

    Over the past three years, MSTO has been recognized for its disciplined investment approach and commitment to excellence. Among its accolades are:

    • 2024 HedgeWeek Emerging Managers Award: Event-Driven Multi-Strategy Fund of the Year
    • 2024 HFM U.S. Performance Awards: Multi-Strategy Newcomer of the Year Award
    • Consistent monthly top rankings by BarclayHedge within the event-driven category

    As Meteora celebrates this milestone, it remains committed to expanding its platform and delivering value to institutional and high-net-worth investors seeking exposure to event-driven strategies with a focus on optimizing performance while managing risks effectively.

    About Meteora Capital

    Meteora Capital is a leading alternative investment firm specializing in event-driven strategies, including SPACs, merger arbitrage, and structured credit investments. The firm’s mission is to build a best-in-class platform that balances performance optimization with risk mitigation across public market opportunities paired with long-term private market investments.

    For inquiries or more information about Meteora Capital, LLC:

    Media Contacts:

    Kevin Gahwyler 

    Meteora Capital, LLC

    info@meteoracapital.com

    The MIL Network –

    May 27, 2025
  • MIL-OSI: TransUnion Analysis Uncovers Surprising Truth: Inflation-Adjusted Debt Growth Much Smaller Over the Last Five Years

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 22, 2025 (GLOBE NEWSWIRE) — As consumers grapple with rising costs and high interest rates, recent studies have revealed an increased reliance on credit products to help make ends meet. Despite the seemingly rapid growth in balances, a new analysis by TransUnion (NYSE: TRU) uncovers a more complex reality.

    According to TransUnion’s newly released Q1 2025 Credit Industry Insights Report (CIIR) total consumer balances have steadily increased over recent years. Total balances in nominal dollar terms (before adjusting for inflation) across all consumer credit products rose from $14.1 trillion in Q1 2020 to $18.0 trillion in Q1 2025, approximately 28%. The cumulative Consumer Price Index increase over that same time period, as measured by the U.S. Bureau of Labor Statistics, was nearly 24%. When adjusted for inflation, total balance growth in real dollar terms is more modest, amounting to $0.5 trillion over the five-year period, an increase of closer to 3%.

    The analysis also revealed that inflation-adjusted balances for consumers actually declined in real dollar terms across the majority of credit risk tiers from 2020 to 2025. This decrease was most pronounced in the prime risk tier, which saw a 14% drop in balances after adjusting for inflation. In contrast, super prime consumers experienced an 18% growth in balances over the same period. Much of the increase for super prime borrowers was attributed to higher mortgage balances. The only other risk tier to see an inflation-adjusted increase over the period was subprime at 1.9%.

    “Our latest analysis reveals a picture of credit usage that goes beyond simply an increase in total balances,” said Jason Laky, executive vice president and head of financial services at TransUnion. “When we account for the recent period of higher inflation, the rise in balances suggests that consumers in most risk tiers are not over-extended. In fact, many consumers experienced significant income gains since 2019, which have enabled most borrowers to effectively manage their debt levels.”

    Total Inflation-Adjusted Balances Across All Accounts Have Declined Across The Majority of Risk Tiers Since 2019
      % nominal dollar change 2020 to 2025 % real dollar change for 2020 to 2025 –
    inflation adjusted
    Super prime 46.5% 18.2%
    Prime plus 9.4% -11.7%
    Prime 7.2% -13.5%
    Near prime 11.6% -9.9%
    Subprime 26.2% 1.9%


    Source: TransUnion U.S. Consumer Credit Database

    “These findings challenge the idea that consumers are simply accumulating credit card debt. Instead, they highlight how balances reflect the current economic reality,” said Michele Raneri, vice president and head of U.S. research and consulting at TransUnion. “It’s understandable that only subprime consumers have experienced an inflation-adjusted increase in real credit card average balances, as this demographic has likely felt the impact of higher costs most acutely. But for other risk tiers of borrowers, their card balance growth has been less than the rate of inflation, indicating that many consumers may have further borrowing capacity.”

    To learn more about the latest consumer credit trends, register for the Q1 2025 Quarterly Credit Industry Insights Report webinar. Read on for more specific insights about credit cards, personal loans, auto loans and mortgages.

    Serious consumer-level credit card delinquencies decline YoY for second consecutive quarter

    Q1 2025 CIIR Credit Card Summary

    The first quarter of 2025 reflected credit card trends indicating a return to equilibrium, similar to those observed towards the end of 2024. Notably, consumer-level delinquencies of 90+ days past due decreased for the second consecutive quarter, dropping by 12 basis points year-over-year (YoY) to 2.43%. This marks the first consecutive quarters of YoY delinquency decline since 2020, during the height of the pandemic. In Q4 2024, total originations volume experienced a slight YoY increase of 0.1%. Although modest, this represents the first YoY growth in six quarters. Subprime originations saw a YoY growth of 2.9% in Q4 2024, the first in eight quarters, while super prime originations grew by 5.3% for the second consecutive quarter. Despite the uptick in originations, credit line amounts on new cards continue to trend downward. The average credit line on new accounts decreased slightly by 0.3% YoY in Q4 2024, with growth in super prime lines offsetting smaller lines in prime and below.

    Instant Analysis

    “We continue to observe signs that serious delinquencies may have peaked, with consumers managing their credit card usage more effectively. The year-over-year decline in 90+ days past due delinquencies, along with slower balance growth and stable utilization rates, indicates emerging market stability. We anticipate further declines in serious delinquencies in the coming quarters, primarily due to lenders’ intentional management of credit lines and cardholder risk profiles.”

    – Paul Siegfried, senior vice president and credit card business leader at TransUnion

    Q1 2025 Credit Card Trends

    Credit Card Lending Metric
    (Bankcard)
    Q1 2025 Q1 2024 Q1 2023 Q1 2022

    Number of Credit Cards
    (Bankcards)
    563.0 million 543.1 million 523.2 million 490.0 million
    Borrower-Level Delinquency
    Rate (90+ DPD)
    2.43% 2.55% 2.26% 1.62%
    Total Credit Card Balances $1.07 Trillion $1.02 Trillion $917 billion $769 billion

    Average Debt Per Borrower
    $6,371 $6,218 $5,733 $5,026
    Number of Consumers
    Carrying a Balance
    172.0 million 169.0 million 165.3 million 158.9 million
    Prior Quarter Originations* 19.4 million 19.3 million 20.6 million 21.2 million
    Average New Account Credit
    Lines*
    $5,612 $5,628 $5,421 $4,634


    *Note: Originations are viewed one quarter in arrears to account for reporting lag.

    Click here for a Q1 2025 credit card industry infographic. For more credit card industry information, click here for episodes of Extra Credit: A Card and Banking Podcast by TransUnion.

    Shift to less risky borrowers drives decline in unsecured personal loan delinquency in Q1 2025

    Q1 2025 CIIR Unsecured Personal Loan Summary

    In Q4 2024, unsecured personal loan originations hit a new high of 6.3 million, a 26% increase over Q4 2023, driven by all risk tiers, especially super prime, with 29% growth YoY. This led to a 17% YoY growth in total new account balances to $34 billion. Total balances for Q1 2025 only grew for above prime tiers, reaching $253 billion, a 3% increase over the prior year. A record 24.6 million consumers had balances, a 5% increase YoY, but average balances per consumer only grew for above prime tiers. Lenders expanded their borrower base but maintained cautious exposure, leading to a 7% decrease in average new account balances for Q4 2024, the fifth consecutive quarter of decline. Subprime delinquencies fell to 14.0% in Q1 2025 from 15.6% last year, while other risk tiers saw increases. The overall borrower-level delinquency rate declined to 3.49% in Q1 2025 from 3.75% last year, thanks to a balanced lending mix.

    Instant Analysis

    “The unsecured personal loan market has not only rebounded but also expanded, setting new records in loan volumes and balances. Growth is evident across all credit risk tiers, with super prime borrowers leading in year-over-year growth in the most recent quarter. Lenders appear to be limiting loan amounts for individual consumers, even as the aggregate borrower-level delinquency rate continues to decline. Increased competition and demand in the lowest risk credit tiers, along with advances in risk management practices, are now resulting in lower delinquency rates. These factors should support sustained growth, even in a challenging macroeconomic environment.“

    – Josh Turnbull, senior vice president and consumer lending business leader at TransUnion

    Q1 2025 Unsecured Personal Loan Trends
    Personal Loan Metric Q1 2025 Q1 2024 Q1 2023 Q1 2022
    Total Balances $253 billion $245 billion $225 billion $178 billion
    Number of Unsecured
    Personal Loans
    29.8 million 28.1 million 26.9 million 23.9 million
    Number of Consumers with
    Unsecured Personal Loans
    24.6 million 23.5 million 22.4 million 20.4 million
    Borrower-Level Delinquency
    Rate (60+ DPD)
    3.49% 3.75% 3.91% 3.25%
    Average Debt Per Borrower $11,631 $11,829 $11,281 $9,896
    Average Account Balance $8,496 $8,737 $8,356 $7,448
    Prior Quarter Originations* 6.3 million 5.0 million 5.2 million 5.7 million


    *Note: Originations are viewed one quarter in arrears to account for reporting lag.

    Click here for additional unsecured personal loan industry metrics. Click here for a Q1 2025 unsecured personal loan industry infographic.

    Mortgage originations see YoY growth as delinquencies tick up

    Q1 2025 CIIR Mortgage Loan Summary

    Another sign that the previously sluggish mortgage originations market is beginning to rebound is that mortgage originations saw a YoY increase of 30.2% in Q4 2024, reaching 1.2 million, with 78% of those being purchase originations. The 15.4% YoY growth in purchase originations marks its first annual increase since Q2 2021. Origination volumes remain low compared to historical norms. Home equity originations rose 11% YoY, marking the third consecutive quarter of YoY increases. Meanwhile, 60+ days past due (DPD) account-level delinquencies ticked up YoY in Q1 2025 for the 12th consecutive quarter, reaching 1.44%. This represents a growth of 21 basis points YoY in Q1 2025, though the rate remains relatively low compared to historical levels. As home prices continue to climb, the average amount of new mortgage loans has followed suit, increasing by nearly $40,000 YoY to $366,443 in Q4 2024.

    Instant Analysis

    “Due to the anticipated impacts of announced tariffs on near-term inflation, mortgage rates are expected to remain elevated above 6% in the next quarter. Without a significant decrease in mortgage rates, origination activity for both purchases and refinances is likely to remain subdued. Although the upward trend in mortgage delinquencies continues, the levels remain below long-term averages, and far below historical highs during the Great Financial Crisis, but still warrant close monitoring.”

    – Satyan Merchant, senior vice president, automotive and mortgage business leader at TransUnion

    Q1 2025 Mortgage Trends
    Mortgage Lending
    Metric
    Q1 2025 Q1 2024 Q1 2023 Q1 2022
    Number of Mortgage
    Loans

    53.6 million

    53.2 million

    52.9 million

    51.5 million

    Consumer-Level
    Delinquency Rate
    (60+ DPD)
    1.36% 1.14% 0.90% 0.80%
    Prior Quarter
    Originations*
    1.2 million 0.9 million 1.0 million 2.9 million
    Average Loan
    Amounts

    of New Mortgage
    Loans*
    $366,443 $327,102 $327,050 $315,661
    Average Balance per
    Consumer
    $266,843 $260,745 $253,514 $241,203
    Total Balances of All
    Mortgage Loans
    $12.5 trillion $12.1 trillion $11.8 trillion $10.9 trillion


    * O
    riginations are viewed one quarter in arrears to account for reporting lag.
    Click here for additional mortgage industry metrics. Click here for a Q1 2025 mortgage industry infographic.

    Auto originations trend up ahead of tariffs

    Q1 2025 CIIR Auto Loan Summary

    Auto loan originations in Q4 2024 reached 6.2 million, representing an 8% YoY growth. This growth was observed across all risk tiers, with super prime leading at 15.7% YoY growth. The increase was largely driven by Federal Reserve interest rate cuts in late 2024, rising inventories, and the return of incentives. New vehicles made up 47% of those financed in Q4 2024, as compared to 53% used, the highest Q4 share for new vehicles since pre-pandemic times. Leasing share continued to approach pre-pandemic levels, rising to 26% in Q1 2025. The 60+ DPD delinquency rate increased by 5 basis points YoY in Q1 2025 to 1.38%. This rate exceeds the peak delinquency rate of 1.33% observed in Q1 2009, although the rate of growth has recently slowed. Overall, new vehicle loan vintages continue to show consistent performance compared to pre-pandemic periods (2018/2019). However, when broken down by risk tiers, recent new vehicle vintages have elevated delinquency levels, particularly for prime and below tiers.

    Instant Analysis

    “There have been positive signs of recovery and momentum across all tiers, not just super prime. The return of incentives has provided a tailwind to vehicle sales and financing. Nevertheless, some of this progress may reverse if the recently announced trade policies are implemented long-term, as they could further impact affordability. Despite this, we expect Q1 2025 originations to increase, as many consumers likely tried to secure a new vehicle before the tariffs were implemented.”

    – Satyan Merchant, senior vice president, automotive and mortgage business leader at TransUnion

    Q1 2025 Auto Loan Trends

    Auto Lending Metric
    Q1 2025 Q1 2024 Q1 2023 Q1 2022

    Total Auto Loan Accounts
    80.0 million 80.1 million 80.1 million 80.5 million

    Prior Quarter Originations
    1
    6.2 million 5.8 million 5.8 million 6.5 million
    Average Monthly Payment
    NEW
    2
    $759 $746 $741 $657
    Average Monthly Payment
    USED
    2
    $526 $521 $521 $509
    Average Balance per
    Consumer
    $24,413 $24,035 $23,214 $21,606
    Average Amount Financed on
    New Auto Loans
    2
    $42,877 $41,222 $41,539 $40,184
    Average Amount Financed on
    Used Auto Loans
    2
    $26,494 $25,655 $26,260 $27,995
    Consumer-Level Delinquency
    Rate (60+ DPD)
    1.56% 1.50% 1.34% 1.09%


    1
    Note: Originations are viewed one quarter in arrears to account for reporting lag.
    2Data from S&P Global Mobility AutoCreditInsight, Q1 2025 data only for January and February.
    Click here for additional auto industry metrics. Click here for a Q1 2025 auto industry infographic.

    For more information about the report, please register for the Q1 2025 Credit Industry Insight Report webinar.

    About TransUnion (NYSE: TRU)

    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

    http://www.transunion.com/business

    Contact Dave Blumberg
      TransUnion
    E-mail dblumberg@transunion.com
    Telephone 312-972-6646

    The MIL Network –

    May 27, 2025
  • MIL-OSI: Fusion Fuel Announces Over $2.7 Million in New Contracts and Substantial Utility Growth through Al Shola Gas

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ireland, May 22, 2025 (GLOBE NEWSWIRE) — via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of full-service energy engineering, advisory, and utility solutions, today announced that its majority-owned operating subsidiary, Al Shola Al Modea Gas Distribution LLC (“Al Shola Gas”), has secured an estimated $2.7 million in new engineering contracts since the beginning of March 2025, and, since the beginning of January 2025, has added more than 1,800 residential service contracts and two commercial service contracts to its portfolio for estimated recurring revenue of more than $0.9 million. The Company also provided an update on Al Shola Gas’ bulk LPG supply.

    Overview of New Contracts – Engineering Projects

    Since March 2025, Al Shola Gas has signed contracts for design, supply, installation, maintenance, and operations with an estimated total value of approximately $2.7 million.

    “The award of these market-leading contracts exemplifies Al Shola Gas’s capability to undertake and execute the industry’s most exemplary and demanding projects. We continue to expand our operations as the United Arab Emirates (UAE) benefits from increased migration and construction sector growth,” added Al Shola Gas, Managing Director, Sanjeeb Safir.

    Overview of New Contracts – Residential Utilities

    Since the commencement of the current year, Al Shola Gas has signed contracts for the supply and maintenance of LPG utility solutions for over 1,800 new apartments situated in 16 buildings throughout Dubai, UAE. The anticipated annual recurring revenue generated from the new contracts is projected to be approximately $0.9 million. Consequently, with the incorporation of these new contracts, the current billings for utility solutions rendered by Al Shola Gas will increase to encompass over 12,000 customers.

    Overview of New Contracts – Commercial Utilities

    Furthermore, since the beginning of 2025, Al Shola Gas has signed commercial LPG supply and maintenance contracts for two food and beverage facilities in Dubai. With the addition of these properties, Al Shola Gas now manages monthly billing for over 170 food and beverage outlets.

    Overview of Bulk LPG Supply

    Bulk LPG supplied by Al Shola Gas to its current customers has consistently exceeded 600 MT monthly. Bulk LPG supply has been organically growing at a rate of 10 to 20 MT per month. With new bobtail trucks purchased and expected to join the Al Shola Gas fleet in the coming months, the company expects to reach 800 MT per month in bulk LPG supply by the end of the year.

    “Al Shola Gas continues to deliver impressive operational results and commercial traction,” said John-Paul Backwell, CEO of Fusion Fuel. “These new contracts reflect the market’s trust in our capabilities and contribute meaningful value to our long-term revenue base through project and recurring utility income.”

    About Fusion Fuel Green PLC

    Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy supply, distribution, and engineering and advisory solutions through its Al Shola Gas and BrightHy brands. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, delivers innovative engineering and advisory services enabling decarbonization across hard-to-abate industries.

    Forward-Looking Statements

    This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, are based on assumptions as to future events that may not prove to be accurate, and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Such forward-looking statements are subject to risks and uncertainties, including without limitation, those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2024, filed with the Securities and Exchange Commission on May 9, 2025, which could cause actual results to differ from the forward-looking statements.

    Wire Service Contact:
    IBN
    Austin, Texas
    www.InvestorBrandNetwork.com
    512.354.7000 Office
    Editor@InvestorBrandNetwork.com

    The MIL Network –

    May 27, 2025
  • MIL-OSI: CapEx Finance Index (CFI) April 2025: New Business Volumes Dip; Financial Conditions Strengthen

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, May 22, 2025 (GLOBE NEWSWIRE) —

    • FORECAST: A slight contraction in new business volumes suggests a 0.4% decline in new durable goods orders in April.
    • Total new business volume (NBV) rose by $10 billion seasonally adjusted among surveyed ELFA member companies, a decrease of 3.2% from the prior month.
    • NBV year-to-date contracted by 1.0% relative to the same period in 2024.
    • Year-over-year, NBV dropped by 4.4% on a non-seasonally adjusted basis.
    • Charge-offs (losses) declined to 0.40%, the largest single-month decrease since October of 2020.

    “The April CFI showed a sector that weathered the recent surge in economic and financial market volatility. Demand for new equipment eased a little, but remained healthy, especially given all the April ups-and-downs,” said Leigh Lytle, President and CEO at ELFA. “Financial conditions strengthened remarkably, with losses and delinquencies plummeting. The across-the-board improvement in charge-offs highlights the industry’s resiliency, while the reduction in delinquencies suggests more improvements in financial conditions are on the horizon. Even if some of the impact from changing trade policy is delayed, the strength in financial conditions shows that it will take a lot more than uncertainty to knock the industry off course. While I don’t expect calm waters over the remainder of the year, I am optimistic that uncertainty will ease, which suggests a strong second half of the year for our industry.”

    New business volumes edged lower. New business volume growth cooled in April, declining 3.2% from the prior month. The $10 billion in overall new business volume is the second highest reading in 2025 and remained close to its two-year trend. Activity at banks and captives declined by 6.1% and 10.4%, respectively, while new volumes grew by 0.1% at independents. Over the last five months, the equipment finance industry has experienced an uptick in demand volatility, much of it in new business volumes at banks, which make up roughly half of the CapEx Finance Index. Even with the slowdown in new activity at banks, the average monthly rate of new business volumes was $5.1 billion over the first four months of the year, which is in line with the average over the last six months of 2024. New volume growth for small ticket deals dropped by 18.3% to $2.8 billion. Year-to-date, the small ticket index is down 20.6%, and the average monthly volume of new business remains well below its 2024 average.

    The pace of job losses slowed. Employment in the equipment finance industry was down 2.0% over the previous 12 months. That’s a slower rate of contraction than the 2.7% yearly decline in March. Employment at banks and captives both declined, while headcount at independents increased.

    Credit approvals shot up to the highest rate in over two years. The overall credit approval rate jumped to 77.4%, a rise of almost 1.4 percentage points. That is double the 0.7 percentage point increase in the prior month. The overall credit approval rate has so far risen by 3.1 percentage points in 2025.

    Financial conditions strengthened markedly. Aging receivables over 30 days fell by over 40 basis points to 1.8% in April. That is the lowest delinquency rate since June of 2023, and the biggest decline since November of that same year. Delinquencies on small ticket deals dropped by 34 basis points, and rates at banks and independents declined. Aging receivables at captives erased a March decrease, rising to 2.5%. After climbing for two months, the overall charge-off rate dropped to its lowest point since October last year. The loss rate on small ticket acquisitions also declined, as did the charge-off rate for banks, captives and independents.

    “We are cautiously optimistic about the months ahead and the stability of the economy and our industry as we head into summer,” said Daryn Lecy, CLFP, SVP/Chief Operating Officer, Oakmont Capital Services. “There are macroeconomic reasons to wait and see, as negotiations on tariffs begin and will likely take time. Additionally, several significant economic reports are set to be released in the coming weeks, which may impact business and consumer confidence. Specific to our industry, recent positive data—such as strong credit approvals—aligns well with substantially improved month-over-month delinquency and loss figures, giving us further reasons for optimism. Our industry is comprised of talented individuals and creative problem solvers who will adapt and position themselves to secure opportunities in any economic conditions.”

    Industry Confidence
    The Monthly Confidence Index from ELFA’s affiliate, the Equipment Leasing & Finance Foundation, increased to 44.5 in May, up from 41.9 in April, as equipment finance companies await further clarity around tariff policies.

    About ELFA’s CFI
    The CapEx Finance Index (CFI) is the only real-time dataset that tracks nationwide conditions in the equipment financing industry. The information is compiled from a diversified set of businesses that respond to questions about demand for equipment financing, employment, and changes in financial conditions. The resulting data is organized by institution type, such as banks, captives, and independents, and is classified into overall activity and financing for small ticket equipment and software. The CFI is released monthly from Washington, D.C., generally one day before the U.S. Department of Commerce’s durable goods report. More detail on the data and methodology can be found at www.elfaonline.org/CFI.

    About ELFA
    The Equipment Leasing and Finance Association (ELFA) represents financial services companies and manufacturers in the $1 trillion U.S. equipment finance sector. ELFA’s over 600 member companies provide essential financing that helps businesses acquire the equipment they need to operate and grow. Learn how equipment finance contributes to businesses’ success, U.S. economic growth, manufacturing and jobs at www.elfaonline.org.

    Follow ELFA:
    X: @ELFAonline
    LinkedIn: https://www.linkedin.com/company/115191

    Media/Press Contact: Krishna Magalona, PR Manager, ELFA, Krishna@360livemedia.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b4b94a8a-22d2-45f2-a618-8c1d5c73620e

    The MIL Network –

    May 27, 2025
  • MIL-OSI: Stansberry Asset Management Named to PSN Top Guns List of Best Performing Strategies for Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    WESTLAKE, Texas, May 22, 2025 (GLOBE NEWSWIRE) — Stansberry Asset Management (“SAM”) has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for Q1 2025. The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.

    “Q1 2025 presented a fascinating market narrative marked by significant rotation and global shifts. Success demanded adaptability, deep market understanding, and strategic positioning,” says PSN Product Manager Nick Williams. “PSN Top Guns managers demonstrated exceptional skill in navigating these complex dynamics, where value sectors outperformed growth, international markets showed strength, and policy shifts created both challenges and opportunities. Their expertise in reading and responding to these evolving market conditions continues to showcase the enduring value of active management in separately managed accounts.”

    SAM’s recognition highlights the strength of two flagship strategies—Gold and Income—which posted standout performance and offered clients differentiated results in a highly dynamic market.

    “Our Gold and Income strategies stood out in Q1 not only for their positive performance but also for how they navigated volatility with purpose,” said Austin Root, Chief Investment Officer at SAM. “Gold offered a meaningful hedge amid rising macroeconomic uncertainty, while our Income strategy delivered yield without sacrificing downside protection. This recognition from Zephyr underscores the value of our active, research-driven approach.”

    Through PSN’s proprietary performance screens, the PSN Top Guns awards products in six proprietary categories across more than 75 universes, based on consistent performance over time.

    SAM’s Gold strategy earned a PSN Top Guns Q1 and 1-Year award, meaning it ranked in the top ten returns of the US Equity Universe, comprised of 2,658 other strategies. For Q1 2025, the strategy ranked #1, and for the 1-Year period ending 3/31/2025, it ranked #2 within the universe.

    The Gold strategy is designed for investors seeking to increase their exposure to precious metals—primarily gold—as a hedge against inflation, currency risk, and market turmoil. It employs a four-pronged approach to generate income and grow capital while maintaining gold’s core role as a long-term store of value. In today’s environment of rising volatility and macroeconomic uncertainty, gold remains an essential allocation in diversified portfolios.

    SAM’s Income strategy earned a PSN Top Guns Q1 award, ranking #2 in the US Balanced Universe among 300 other strategies.

    The Income strategy is built to deliver reliable yield while participating in upside markets and offering protection during drawdowns. Actively managed and forward-looking, it searches for yield across traditional and non-traditional sources, favoring companies with strong shareholder-return policies including dividends, buybacks, and special distributions. Its flexible structure allows it to adapt to evolving market conditions while remaining anchored in risk-conscious income generation.

    The complete list of PSN Top Guns and an overview of the methodology can be located at https://psn.fi.informais.com/.

    To Learn more about SAM’s Gold and Income Strategies you can visit:
    Gold Strategy: https://www.stansberryam.com/gold/
    Income Strategy: https://www.stansberryam.com/income/

    About Stansberry Asset Management (SAM)

    Stansberry Asset Management is a registered investment advisory firm headquartered in Westlake, Texas, with offices in New York, NY, Clifton Park, NY and San Mateo, CA with clients across the country. SAM marries informed, active, sophisticated investment management with holistic financial and wealth planning, all with a focus on helping clients build and preserve their legacy. SAM’s approach is rooted in rigorous analysis, strategic insight, and a commitment to client-centric service. For more information, please visit www.stansberryam.com.

    About PSN
    For more than four decades, PSN has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of over 40 Years of Data Including Net and Gross-of-Fee Returns. PSN Outlook for 2025 provides insight and trends about the SMA industry. You can view it online here.
    Visit PSN online to learn more.

    Contact:

    Claire Snider
    info@stansberryam.com
    646.854.4370

    The MIL Network –

    May 27, 2025
  • MIL-OSI: Middlefield Banc Corp. Announces Retirement of Darryl E. Mast from Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    MIDDLEFIELD, Ohio, May 22, 2025 (GLOBE NEWSWIRE) — Middlefield Banc Corp. (NASDAQ: MBCN) today announced the retirement of Darryl E. Mast from its Board of Directors, effective May 14, 2025.

    Mr. Mast joined the Middlefield Banking Company’s Board of Directors in 2011 and has been a Director of Middlefield Banc Corp. since 2013. His leadership, insight, and expertise have been integral to the success of Middlefield Banc Corp. and The Middlefield Banking Company, and his contributions have left a lasting impact.

    “We are grateful for Darryl’s unwavering commitment to the Bank,” stated Ronald L. Zimmerly, Jr., President and Chief Executive Officer. “His leadership has been instrumental in shaping the Bank’s growth, and we will certainly miss his valuable perspective. On behalf of everyone at the Bank, we wish him nothing but the best as he begins his next chapter.”

    Following Mr. Mast’s retirement, his position on the Board will not be replaced, and the number of directors will be fixed at 11 members.

    About Middlefield Banc Corp.
    Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of $1.89 billion at March 31, 2025. The Bank operates 21 full-service banking centers and an LPL Financial® brokerage office serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton, Mantua, Marysville, Middlefield, Newbury, Orwell, Plain City, Powell, Solon, Sunbury, Twinsburg, and Westerville. The Bank also operates a Loan Production Office in Mentor, Ohio.

    Additional information is available at www.middlefieldbank.bank

    FORWARD-LOOKING STATEMENTS
    This press release of Middlefield Banc Corp. and the reports Middlefield Banc Corp. files with the Securities and Exchange Commission often contain “forward-looking statements” relating to present or future trends or factors affecting the banking industry and, specifically, the financial operations, markets and products of Middlefield Banc Corp. These forward-looking statements involve certain risks and uncertainties. There are a number of important factors that could cause Middlefield Banc Corp.’s future results to differ materially from historical performance or projected performance. These factors include, but are not limited to: (1) a significant increase in competitive pressures among financial institutions; (2) changes in the interest rate environment that may reduce interest margins; (3) changes in prepayment speeds, charge-offs and loan loss provisions; (4) less favorable than expected general economic conditions; (5) legislative or regulatory changes that may adversely affect businesses in which Middlefield Banc Corp. is engaged; (6) technological issues which may adversely affect Middlefield Banc Corp.’s financial operations or customers; (7) changes in the securities markets; or (8) risk factors mentioned in the reports and registration statements Middlefield Banc Corp. files with the Securities and Exchange Commission. Middlefield Banc Corp. undertakes no obligation to release revisions to these forward-looking statements or to reflect events or circumstances after the date of this press release.

    Company Contact: Investor and Media Contact:
    Ron Zimmerly
    President and Chief Executive Officer
    Middlefield Banc Corp.
    (419) 673-1217
    RZimmerly@middlefieldbank.com
    Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com

    The MIL Network –

    May 27, 2025
  • MIL-OSI: NorthStrive Biosciences Announces Completion of Phase I Strategic Review for EL-22 Targeting Muscle Loss Associated with GLP-1 Weight Loss Drugs and Age-Related Sarcopenia

    Source: GlobeNewswire (MIL-OSI)

    NEWPORT BEACH, Calif., May 22, 2025 (GLOBE NEWSWIRE) — Northstrive Biosciences Inc. (“Northstrive”), a subsidiary of PMGC Holdings Inc. (NASDAQ: ELAB) (the “Company,” “PMGC,” “we,” or “our”), today announced the completion of a Phase I strategic research and literature synthesis for EL-22 (formerly BLS-M22), its first-in-class oral myostatin-engineered probiotic. The analysis, conducted in collaboration with Yuva Biosciences and supported by AI-based scientific review technology from Yuva Biosciences’ MitoNova™, provided valuable insights into EL-22’s proposed mechanism of action and will help guide further exploration into its potential to address critical unmet needs in muscle-wasting conditions, including GLP-1-associated atrophy and age-related sarcopenia.

    EL-22 is leveraging a myostatin-engineered probiotic approach to address obesity’s pressing issue of preserving muscle while on weight loss treatments, including GLP-1 receptor agonists. The oral biologic is designed to induce a targeted immune response against myostatin, a key negative regulator of muscle growth. Unlike traditional injectable antibodies, EL-22 leverages genetically engineered Lactobacillus casei to stimulate the gut immune system, offering a convenient, patient-friendly oral delivery method with potential safety and efficacy advantages.

    Key Highlights from the Report:

    • Strong Preclinical Rationale: Synthesized findings from published peer-reviewed literature, highlight noteworthy effects of EL-22 in mdx mice on antibody production, serum CK, body weight, motor function, and muscle histology.
    • Unique Oral Vaccine Approach: EL-22 is distinct from the more common systemic administration of antibodies or gene therapy vectors. Utilizing Lactobacillus casei as a delivery vehicle to stimulate mucosal and systemic immunity against myostatin is a novel immunological strategy for a muscle-wasting disorder.
    • Targeting GLP-1-Associated Muscle Loss: With the rapid expansion of GLP-1 receptor agonists in obesity and diabetes, EL-22 is well-positioned to address the growing concern of associated muscle loss. The company is prioritizing this indication for its next clinical development milestone.
    • Strategic Next Steps: NorthStrive intends to launch a Phase 2 proof-of-concept trial targeting GLP-1 users and begin regulatory engagement to advance EL-22 toward an IND filing in the United States.

    About Northstrive Biosciences Inc.

    Northstrive Biosciences Inc., a PMGC Holdings Inc. company, is a biopharmaceutical company focusing on the development and acquisition of cutting-edge aesthetic medicines. Northstrive’s lead asset, EL-22, leverages an engineered probiotic approach to address obesity’s pressing issue of preserving muscle while on weight loss treatments, including GLP-1 receptor agonists. For more information, please visit www.northstrivebio.com.

    About Yuva Biosciences, Inc.

    Yuva Biosciences is a longevity company harnessing the cutting edge of mitochondrial science to address the root cause of aging. By partnering with consumer brands and biotech innovators, Yuva Biosciences develops solutions for aging-related concerns including hair loss, skin wrinkles, and several other conditions driven by a decline in mitochondrial function. The company is headquartered in Birmingham, Alabama. For more information, please visit www.yuvabio.com.

    About PMGC Holdings Inc.

    PMGC Holdings Inc. 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

    Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as “believes,” “expects,” “plans,” “potential,” “would” and “future” or similar expressions such as “look forward” are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC’s filings with the United States Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of the Company’s 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 –

    May 27, 2025
  • MIL-OSI USA: House Republicans Pass President Trump’s ‘Big Beautiful Bill’ – U.S. Representative Barry Loudermilk

    Source: United States House of Representatives – Representative Barry Loudermilk (R-GA)

    Rep. Barry Loudermilk (GA-11) issued the following statement on the House of Representatives passage of the One Big, Beautiful Bill Act.

    “Today, my Republican colleagues and I passed President Trump’s One Big, Beautiful Bill Act — a historic win for the American people. An extensive amount of work went into this legislation, which will extend tax cuts for hard-working Americans, unleash American energy stifled by the Democrats’ Green New scam, and provide much-needed support for our brave Border Patrol agents. This bill also gives the administration the tools to investigate, expose and cut fraud, waste, and abuse within federal government agencies, while protecting the core services that many Americans rely upon.

    “This is an historic bill aimed at delivering on the mandate the American people gave us in November. Republicans have ensured that Americans can keep more of what they earn, and pay lower prices for food and gas, as a result of our pro-energy approach. Americans can also expect a return to a safer nation, as we equip Border Patrol and Homeland Security with the tools needed to expel foreign terrorists and criminals — and to keep them from returning. The Big, Beautiful Bill is the pro-family, pro-America policy needed to restore American excellence at home and abroad.”

    Background

    Border Security

    • Provides funding for 10,000 new Immigration and Customs Enforcement personnel.
    • Provides funding for detention capacity sufficient to maintain an average daily population of at least 100,000 aliens.
    • Provides funding for at least one million annual removals.
    • Introduces a new series of fees that provide funding and resources to various agencies.
    • Funds the hiring of 10,000 new ICE agents and Homeland Security Investigations (HSI) criminal investigators
    • Codifies permanent fees for immigration services, to ensure cost recovery and reduce the federal deficit.

    • Provides $12 billion to reimburse states for actions taken to deter, mitigate, or prevent unlawful or illicit activities related to border security.

    Permanent Extension of Tax Cuts and Jobs Act

    • Makes the 2017 Trump-era tax cuts permanent – protecting the average taxpayer from a 22 percent tax hike.
    • Saves the average American family $1,700 – the equivalent of 9 weeks of groceries.
    • Increases real annual take-home pay for a median-income household with two children by roughly $4,000 to $5,000.
    • Raises annual real wages by $2,100 to $3,300 per worker.
    • Delivers on President Trump’s priorities of no tax on tips, overtime pay, or car loan interest, and provides additional tax relief for our seniors.

    • Repeals the requirement for firearm silencers and takes the manufacturer tax on silencers to $0
    • Locks in and boosts the doubled Child Tax Credit for more than 40 million families, and provides additional tax relief for American families.
    • Supports working families by expanding access to childcare and making the paid leave tax credit permanent.
    • Puts American families in control of their health care by expanding health savings accounts and cementing into law a Trump Administration policy that offers more choice and flexibility for health coverage options.
    • Starts building financial security for America’s children, at birth, with the creation of new savings accounts.

    Unleashes American Energy

    • Reinstates quarterly onshore oil and gas lease sales, generating $12 billion in revenue.
    • Mandates at least thirty lease sales in the Gulf of America over the next fifteen years, and six in the Cook Inlet, generating billions of dollars in new revenue.
    • Returns to reasonable oil and natural gas royalty rates.
    • Requires geothermal lease sales, generating $23 million in new revenue.
    • Resumes leasing for energy production in the National Petroleum Reserve in Alaska and the Arctic National Wildlife Refuge, generating over $1 billion in new revenue and savings.
    • Resumes coal leasing on federal lands.
    • Increases timber sales on federal lands and requires long-term timber contracts.

    MIL OSI USA News –

    May 27, 2025
  • MIL-OSI Security: Americus Man Sentenced to Prison for Illegally Possessing Firearms

    Source: Office of United States Attorneys

    Under Investigation for Fentanyl Distribution, Armed Defendant Attempted to Evade Police

    ALBANY, Ga. – An Americus, Georgia, resident who was under investigation for distributing fentanyl in the community was sentenced to federal prison for illegally possessing several firearms in furtherance of a drug trafficking crime as he attempted to evade arrest.

    Juan Antonious Boone, 36, of Americus, Georgia, was sentenced to serve 181 months in prison to be followed by three years of supervised release by Chief U.S. District Judge Leslie Abrams Gardner on May 21. Boone previously pleaded guilty to one count of possession of a firearm by a convicted felon and one count of possession of a firearm in furtherance of a drug trafficking crime on Oct. 9, 2024. There is no parole in the federal system.

    “Armed repeat felons distributing fentanyl and other dangerous illegal substances will find their cases in federal court,” stated Acting U.S. Attorney C. Shanelle Booker. “We are grateful that no one was injured when the defendant recklessly sped away in his car while attempting to evade arrest. I want to thank the teams from the Americus Police Department, GBI and ATF for helping us hold the defendant accountable for his crimes and their tireless efforts to make our communities safer.”

    “Let me be clear—if you’re a convicted felon pushing fentanyl and carrying illegal firearms, the ATF will find you, and you will face the full force of federal prosecution,” said ATF Assistant Special Agent in Charge Beau Kolodka of the Atlanta Field Division.

    “Fentanyl distribution and armed criminal activity pose a grave threat to public safety,” said GBI Director Chris Hosey. “This sentencing sends a clear message: individuals who choose to traffic deadly drugs and illegally possess firearms will be met with the full force of the law. We remain steadfast in our mission to protect Georgia communities through strong partnerships and relentless investigative work.”

    “The Americus Police Department appreciates the teamwork between local, state and federal law enforcement partners that helps to get dangerous criminals like this off our streets. We are all in the fight together against violent offenders who are flooding our streets with fentanyl and other dangerous narcotics,” said Americus Police Chief Mark Scott.

    According to court documents and statements made in court, the Georgia Bureau of Investigation (GBI) utilized a confidential informant (CI) between June 13, 2023, and Aug. 7, 2023, to purchase small quantities of narcotics, including fentanyl, from Boone in the Americus area. On Jan. 8, 2024, GBI conducted surveillance of Boone at the Days Inn in Americus as he departed the hotel. Boone, who was wanted on an active probation warrant, was pulled over by Americus Police Department (APD) officers. Rather than exiting the vehicle as instructed, Boone placed the vehicle in drive and drove away at a high speed, almost striking an APD officer. APD officers pursued Boone to a nearby apartment complex; when he got to a dead-end, he got out of the car and ran away. Boone had a firearm in his hand and one in his waistband; he was safely apprehended. Boone, who has several felony convictions, was illegally possessing two stolen 9mm pistols. Inside his car, police found approximately 24 grams of fentanyl, 79.743 grams of methamphetamine, 251 grams of cocaine, a large quantity of marijuana and a 9mm semiautomatic pistol. Boone has several prior felonies, including two convictions for possession of a firearm by a convicted felon and a conviction for possession of a firearm during the commission of a felony.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs) and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    The case was investigated by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), the Georgia Bureau of Investigation (GBI) and the Americus Police Department (APD).

    Assistant U.S. Attorney Matthew Redavid prosecuted the case for the Government.

    MIL Security OSI –

    May 27, 2025
  • MIL-OSI Security: Former IRS Employee Ordered to Repay Funds From PPP Loan Fraud

    Source: Office of United States Attorneys

    FORT WAYNE – Rakita Davis, 45 years old, of Fort Wayne, Indiana, was sentenced by United States District Court Chief Judge Holly A. Brady after pleading guilty to federal felonies for wire fraud, announced Acting United States Attorney Tina L. Nommay.

    Davis was sentenced to 24 months of probation and ordered to pay $55,213.61 in restitution to the Small Business Administration.

    According to documents in the case, Davis falsely claimed gross income for a business that did not exist when she applied for two Paycheck Protection Program (PPP) loans in 2021. The PPP program provided loans to small businesses for job retention and other expenses as part the CARES Act and for emergency financial assistance to Americans suffering from the economic impact of the COVID-19 pandemic. Davis, who was employed by the IRS when she applied for the loans, falsely claimed that she was the sole proprietor of a catering business when in reality, no such business existed. As a result of her fraudulent representations, Davis received PPP funds which she used for her own benefit on personal items such as jewelry, airfare, luxury car rentals, and vacations.

    “This sentencing demonstrates the commitment of the Treasury Inspector General for Tax Administration (TIGTA) to investigate and bring to justice those who victimize the American taxpayer,” said Kelly Moening, TIGTA Special Agent-in-Charge. “Fraudulently applying for loans through a federal program meant to assist Americans in need will be met with aggressive investigation and prosecution. I want to thank our law enforcement partners and the U.S. Attorney’s Office for their commitment to this goal.”  

    This case was investigated by the United States Treasury Inspector General for Tax Administration with assistance from IRS Criminal Investigation.  The case was prosecuted by Assistant United States Attorney Justin C. Sheridan.

    MIL Security OSI –

    May 27, 2025
  • MIL-OSI Security: Salvadoran National Currently Serving State Prison Sentence for Child Rape Sentenced for Illegal Reentry

    Source: Office of United States Attorneys

    BOSTON – A Salvadoran national living in Methuen, Mass. was sentenced yesterday in federal court in Boston for unlawfully reentering the United States after deportation.

    Agustin Landaverde-Romero, 57, was sentenced by U.S.  District Court Judge Richard G. Stearns to 21 months in prison to be served concurrently with Landaverde-Romero’s unrelated state prison sentence. The defendant is subject to deportation upon completion of the imposed sentence. In February 2025, Landaverde-Romero pleaded guilty to unlawful reentry of a deported alien. Landaverde-Romero was indicted by a federal grand jury in March 2024.

    On July 6, 1999, Landaverde-Romero entered the United States without inspection near Brownsville, Texas. He was identified by authorities in July 1999 and ordered to be removed to El Salvador on Sept. 23, 1999. On Oct. 7, 1999, he was removed from the United States.

    Sometime thereafter, Landaverde-Romero illegally reentered the United States. In July 2020, he was arrested and charged with rape of child and rape of child by force in Essex County Superior Court. He was subsequently convicted of the charges and, in May 2023, was sentenced to 20-25 years in state prison. On June 23, 2023, while serving his sentence, Landaverde-Romero was encountered by immigration authorities during a screening of inmates and determined to have unlawfully reentered the United States.

    United States Attorney Leah B. Foley; Michael J. Krol, Special Agent in Charge of Homeland Security Investigations in New England; and Methuen Police Chief Scott J. McNamara made the announcement. Assistant U.S. Attorney Suzanne Sullivan Jacobus of the Major Crimes Unit prosecuted the case.

    MIL Security OSI –

    May 27, 2025
  • MIL-OSI Security: Two Money Couriers for Colombian-Based Drug Money Laundering Organization Sentenced

    Source: Office of United States Attorneys

    BOSTON – Two Jamaican nationals were sentenced yesterday in federal court in Boston for their involvement in a sophisticated international money laundering organization that laundered more than $6 million in drug trafficking proceeds from Colombian cartels through the United States, Caribbean and European banking systems.

    St. Devon Anthony Cover, 61, was sentenced by U.S. District Court Judge Richard G. Stearns to 42 months in prison. In January 2025 Cover was convicted of one count of money laundering conspiracy and seven counts of laundering of monetary instruments. Dennis Raymond Rowe, 60, was sentenced by U.S. District Court Judge Richard G. Stearns to 52 months in prison. In January 2025 Rowe was convicted of one count of money laundering conspiracy, one count of money laundering and two counts of laundering of monetary instruments. Both defendants are subject to deportation upon completion of their imposed sentences.

    The defendants were among 20 individuals from Colombia, Jamaica and Florida who were indicted by a federal grand jury in May 2022 in connection with the money laundering conspiracy.

    Over the course of the investigation, $1 million was seized from corporate bank accounts and other investigative activity. Nearly 3,000 kilograms of cocaine – with a street value of over $90 million – was traced back to the money laundering organization. This includes approximately 1,193 kilograms of cocaine seized at sea 60 miles south of Jamaica in July 2019, as well as 1,555 kilograms of cocaine seized in nine scrap metal shipping containers at the Port of Buenaventura, Colombia in March 2019.

    In or about October 2016, law enforcement began an investigation into a sophisticated money laundering organization located primarily in Barranquilla, Colombia. During an extensive five-year investigation, the organization laundered over $6 million in drug proceeds through intermediary banks in the United States, including banks in Massachusetts, as well as additional proceeds through banks in the Caribbean and Europe by use of the Colombian Black Market Peso Exchange (BMPE). By using the BMPE, the defendants and their co-conspirators sought to conceal drug trafficking activity and proceeds from law enforcement as well as evade currency exchange requirements in the United States and Colombia through the illegal currency exchange process. As part of the conspiracy, members of the organization held roles and responsibilities relative to the needs and opportunities of the scheme, such as drug suppliers, peso brokers, money couriers and business owners/dollar purchasers.

    Through the BMPE, Colombian drug trafficking organizations with drug proceeds generated in the United States use third parties – generally referred to as “peso brokers” that are also based in Colombia – who agree to exchange Colombian pesos they control for the drug supplier’s dollar proceeds. Peso brokers then use money couriers in the United States and elsewhere to physically secure the drug proceeds, often in suitcases or bags on the street, and transfer the proceeds into the United States banking system. To avoid detection, peso brokers deposit the drug proceeds into bank accounts in company or individual names intended to appear as legitimate business activity, or through multiple small deposits into different bank accounts which are then consolidated into larger accounts. As a result, Colombian peso brokers control a pool of drug-derived proceeds in United States bank accounts. These dollar proceeds are then purchased by individuals or companies in Colombia seeking to exchange pesos for United States dollars at a favorable exchange rate and in a manner that avoids currency exchange and income reporting requirements. The dollar drug proceeds are transferred at the direction of the purchaser, and often end up in bank accounts of individuals or companies who appear to have no direct involvement in drug trafficking crimes.

    During the course of the conspiracy, Cover laundered approximately $268,000 and Rowe laundered over $600,000 by delivering bulk cash drug proceeds to undercover law enforcement.

    United States Attorney Leah B. Foley; Stephen Belleau, Acting Special Agent in Charge of the Drug Enforcement Administration, New England Field Division; Thomas Demeo, Acting Special Agent in Charge of the Internal Revenue Service Criminal Investigation, Boston Field Office; Aura Liliana Trujillo Rojas, Delegate for Criminal Finance for the Colombian Attorney General’s Office; Ricardo Sánchez Silvestre, Brigadier General of the Colombian National Police Anti-Narcotics Directorate; Jervis Moore, Chief of the Narcotics Division for the Jamaica Constabulary Force; and Colonel Geoffrey Noble of the Massachusetts State Police made the announcement. The Justice Department’s Office of International Affairs and the Criminal Division’s Narcotic and Dangerous Drug Section’s Office of the Judicial Attaché in Bogotá, Colombia provided significant assistance in securing the arrests and extraditions of Cover, Rowe, and other co-defendants from Colombia and Jamaica. Assistant U.S. Attorneys Jared C. Dolan and Alathea E. Porter of the Criminal Division are prosecuting the case.

    This effort is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

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

    MIL Security OSI –

    May 27, 2025
  • MIL-OSI: Vimeo to Present at Upcoming Jefferies and TD Cowen Conferences

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) — (NASDAQ: VMEO) – Vimeo, one of the largest and most trusted private video networks in the world, today announced that Gillian Munson, Vimeo’s Chief Financial Officer, will participate in the following financial conferences:

    A replay of the webcasts will be available on the Vimeo Investor Relations website, https://vimeo.com/investors, for 90 days following the conferences.

    About Vimeo:
    Vimeo (NASDAQ: VMEO) is the world’s most innovative video experience platform. We enable anyone to create high-quality video experiences to better connect and bring ideas to life. We proudly serve our community of millions of users – from creative storytellers to globally distributed teams at the world’s largest companies – whose videos receive billions of views each month. Learn more at www.vimeo.com.

    Press Contact:
    Frank Filiatrault
    frank.filiatrault@vimeo.com

    The MIL Network –

    May 27, 2025
  • MIL-OSI: Brag House, Florida Gators Athletics, and Learfield Successfully Launch Inaugural Brag Gators Gauntlet at University of Florida

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) — Brag House Holdings, Inc. (NASDAQ: TBH), the Gen Z engagement platform at the intersection of gaming, college sports, and digital media, announced the successful launch of the inaugural Brag Gators Gauntlet series. The first activation of this series, in partnership with Florida Gators Athletics and Learfield’s Florida Gators Sports Properties, took place online on Saturday, May 17, 2025, ahead of the Gators’ 9–3 college baseball victory over Alabama at Condron Family Ballpark.

    The Brag Gators Gauntlet: Baseball Edition featured a Fortnite (private lobbies, no-build) solos tournament and a baseball-inspired scoring format. Open to current students and alumni of both the University of Florida and the University of Alabama, the activation served as a digital gaming tailgate leading into the Florida–Alabama baseball game. The activation, which had capacity for 100 competitors, received nearly 300 gamer registrations ranging from freshman to alumni.

    “It was exciting to see so many UF students and alumni participate,” said Lavell Juan Malloy II, CEO and Co-Founder of Brag House. “The activation created a gamified digital tailgate, where they came together around school pride and competition in a Fortnite tournament designed with baseball-themed rules. It added a new layer to game day, especially as the Gators took the series with a commanding 9–3 win.”

    Michael Yencik, a third-year student at University of Florida on a pre-med track studying nutritional sciences, was crowned champion of the Brag Gators Gauntlet: Baseball Edition. Competing under the gamertag MrGittyGut, Yencik secured the top spot after consistently high placements across all heats and a standout performance in the final heat. “It was a surreal experience,” said MrGittyGut, when asked about this activation and how it ties into the Gators spirit and college baseball. He added “Gators all the way! We’ve had an unbelievable season, from playing well in football to a National Championship in Basketball. You can’t go wrong with the Gators no matter what.”

    The Gauntlet series also reflects Brag House’s broader strategy of integrating Name, Image, and Likeness (NIL) opportunities, loyalty-driven engagement, and scalable digital experiences tailored to Gen Z audiences. This first activation at the University of Florida is what Brag House envisions as the first step in a larger series of campus experiences being planned in collaboration with Learfield, with more activations in the series being planned for select universities across the country in 2025.

    “This is the foundation of a broader initiative,” said Lavell Juan Malloy II, CEO and Co-Founder of Brag House. “By merging college sports with interactive digital gaming formats, we’re building a new layer of fan engagement that serves students, alumni, schools, and brand partners alike.”

    About Brag House

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

    About Learfield

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

     Forward-Looking Statements 

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

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

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

    The MIL Network –

    May 27, 2025
  • MIL-OSI: Synchronoss Personal Cloud Enhances Genius AI Functionality and Adds New Features to Significantly Improve Photo Discovery and Engagement

    Source: GlobeNewswire (MIL-OSI)

    BRIDGEWATER, N.J., May 22, 2025 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss”) (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, today announced the release of Synchronoss Personal Cloud 25.5, introducing new AI-powered capabilities and enhanced user experiences, including:

    • Enhanced photo editing, with new styles and transformations that inspire joy and spark creativity
    • AI-curated personalized memories with auto-styled photos
    • Innovative timeline comparisons with personalized “Then and Now” photos
    • GPS-Integrated photo view

    New Features Reimagine Memory Discovery

    Built on Synchronoss Genius AI, the latest update delivers a personalized and intelligent way for users to creatively engage with, relive, and enhance their most meaningful memories.

    • Stylized Moments, now more dynamic, selects eligible photos and automatically applies artistic effects, prompting users with a preview notification and allowing easy interaction to relive or share those moments.
    • Locations Map organizes photos and videos by geographic data, displaying them across an interactive world map. From family vacations to milestone road trips, users can browse memories spatially, making rediscovery feel like time travel.
    • Then and Now presents pairs of photos across years, creating meaningful side-by-side retrospectives, like the first day of kindergarten versus the first day of middle school.

    “The new functionality in Synchronoss Personal Cloud directly addresses the challenge of digital content overload, making it easier than ever for users to find and enjoy the photos that matter most, which often get lost within ever-growing photo libraries,” said Jeff Miller, President and CEO of Synchronoss. “By intelligently indexing, categorizing, and providing AI-powered creative tools and features, Synchronoss is enabling users to unlock and relive the hidden value within their digital lives.”

    Powering Global Cloud Innovation

    These features reflect Synchronoss’ continued investment in AI innovation and its commitment to empowering users to protect and personalize their digital lives. Synchronoss Personal Cloud is currently deployed by tier-one global carriers and supports over 11 million subscribers worldwide.

    About Synchronoss

    Synchronoss Technologies (Nasdaq: SNCR), a global leader in personal Cloud solutions, empowers service providers to establish secure and meaningful connections with their subscribers. Our SaaS Cloud platform simplifies onboarding processes and fosters subscriber engagement using artificial intelligence (AI), machine learning and other advanced features, resulting in enhanced revenue streams, reduced expenses, and faster time-to-market. Millions of subscribers trust Synchronoss to safeguard their most cherished memories and important digital content. Explore how our Cloud-focused solutions redefine the way you connect with your digital world at www.synchronoss.com.

    Media Relations Contact:
    Domenick Cilea
    Springboard
    dcilea@springboardpr.com

    Investor Relations Contact:
    Brian Denyeau / Ryan Gardella
    ICR INC.
    brian.denyeau@icrinc.com
    ryan.gardella@icrinc.com

    The MIL Network –

    May 27, 2025
  • MIL-OSI: Roper Technologies to present at TD Cowen Technology Conference

    Source: GlobeNewswire (MIL-OSI)

    SARASOTA, Fla., May 22, 2025 (GLOBE NEWSWIRE) — Roper Technologies, Inc. (Nasdaq: ROP) announced that it is presenting at the TD Cowen 53rd Annual Technology, Media & Telecom Conference on Thursday, May 29, 2025 at 9:05 AM (Eastern Time) in New York, NY. A link to the webcast presentation will be available in the “Investors” section of the Company’s website at www.ropertech.com.

    About Roper Technologies

    Roper Technologies is a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. Roper has a proven, long-term track record of compounding cash flow and shareholder value. The Company operates market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets. Roper utilizes a disciplined, analytical, and process-driven approach to redeploy its excess capital toward high-quality acquisitions. Additional information about Roper is available on the Company’s website at www.ropertech.com.

    Contact information:
    Investor Relations
    941-556-2601
    investor-relations@ropertech.com

    The MIL Network –

    May 27, 2025
  • MIL-OSI: DSS, Inc. Reports Strong Q1 2025 Financial Performance, Setting the Stage for Strategic Growth

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) — DSS, Inc. (NYSE American: DSS), a multinational company operating across diverse industries including packaging, real estate, and biomedical innovation, today announced financial results for the first quarter of 2025, highlighting meaningful progress in its financial repositioning and a strong foundation for corporate execution in the coming quarters.

    In a quarter focused on streamlining operations and financial discipline, DSS delivered significant improvements in key financial metrics:

    • 28% Year-Over-Year Revenue Growth: Total revenues rose sharply, fueled by a 30% increase in printed product sales and a nearly doubling of rental income from the company’s real estate segment, which grew from $400,000 to $714,000.
    • Strategic Asset Monetization: The Company completed the sale of its Plano, TX facility, for $9.5 million, contributing to $12.88 million in cash from investing activities during the quarter.
    • Debt Reduction and Capital Discipline: DSS used proceeds from asset sales and investments to pay down over $8 million in total debt, reflecting a clear commitment to balance sheet optimization.
    • Strengthening Shareholder Equity: Through its partner company Impact BioMedical, DSS raised $1.5 million in new equity capital during Q1.
    • Improved Operating Cash Flow: Net cash used in operations improved from $2.15 million in Q1 2024 to $1.64 million in Q1 2025, underscoring early operational efficiencies.

    “These results show clear, measurable progress in the financial realignment strategy we launched earlier this year,” said Jason Grady, CEO of DSS, Inc. “In my January letter to shareholders, I outlined the urgent need to cut inefficiencies, strengthen our balance sheet, and lay the groundwork for sustained growth. This quarter proves that work is paying off. As we continue to streamline operations, we’re now turning our attention toward execution in our core verticals and identifying smart, accretive opportunities that will drive long-term value. The foundation is in place and now we’re building on it.”

    The Company plans to continue to showcase measurable results from initiatives in development, operations, and M&A activity as the year progresses. With a renewed focus on high-potential business units and capital allocation, DSS is positioning itself for a dynamic second half of 2025 and beyond.

    To read the 2025 CEO shareholder letter, visit: investors.dssworld.com

    Forward-looking Statements:

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

    About DSS, Inc.:

    DSS, Inc. (NYSE American: DSS) is a multinational company operating businesses across multiple high-growth sectors. DSS focuses on creating, acquiring, and investing in innovative companies that drive sustainable value for its shareholders.

    For investor and media inquiries or additional information, please contact:

    DSS, Inc. Investor Relations
    Email: IR@dssworld.com
    Phone: +1 (585) 565-2422

    The MIL Network –

    May 27, 2025
  • MIL-OSI: Wearable Devices Secures U.S. Patent for Continuous Gesture Control, Enabling Fine-Tuned Interaction with Digital Devices

    Source: GlobeNewswire (MIL-OSI)

    The newly allowed patent advances Wearable Devices’ neural gesture technology, unlocking seamless pinch-to-zoom, volume control, and object manipulation in mid-air

    Yokneam Illit, Israel, May 22, 2025 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI”)-powered touchless sensing wearables, today announced that the United States Patent and Trademark Office has allowed a continuation of  its patent titled “Gesture and Voice-Controlled Interface Device”.

    Traditional gesture sensing systems continuously track hand and finger movements but lack clear “start” and “end” points, making it difficult for devices to understand when a user truly intends to zoom, adjust volume, or manipulate an object. As a result, unintuitive solutions have been used – such as requiring the use of both hands, adding special buttons, or abandoning continuous control altogether. The same goes for voice assistants, which require a “wake word”, prompting them to wait for further instructions.

    Wearable Devices’ newly allowed patent defines a method to extract precise start and end points from continuous gestures. This breakthrough enables devices to support natural and intuitive control gestures like pinch-to-zoom not just for zooming images, but also for adjusting volume, resizing objects, or moving elements – seamlessly and touch-free.

    The technology is ideally suited for augmented reality (“AR”) headsets, gesture-controlled smart devices, and wearable controllers based on cameras, Inertial Measurement Unit (IMU), or electromyography (EMG) sensors – making mid-air fine control finally accessible and natural.

    “This patent unlocks the full potential of touchless control, allowing users to adjust digital environments as intuitively as they would on a touchscreen – but without ever needing to touch a device,” said Guy Wagner, President and Chief Scientist at Wearable Devices.

    About Wearable Devices

    Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) is a growth company pioneering human-computer interaction through its AI-powered neural input touchless technology. Leveraging proprietary sensors, software, and advanced AI algorithms, the Company’s consumer products – the Mudra Band and Mudra Link – are defining the neural input category both for wrist-worn devices and for brain-computer interfaces. These products enable touch-free, intuitive control of digital devices using gestures across multiple operating systems.

    Operating through a dual-channel model of direct-to-consumer sales and enterprise licensing and collaborations, Wearable Devices empowers consumers with stylish, functional wearables for enhanced experiences in gaming, productivity, and extended reality (“XR”). In the business sector, the Company provides enterprise partners with advanced input solutions for immersive and interactive environments, from AR/virtual reality (“VR”)/XR to smart environments.

    By setting the standard for neural input in the XR ecosystem, Wearable Devices is shaping the future of seamless, natural user experiences across some of the world’s fastest-growing tech markets. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq Capital Market under the symbols “WLDS” and “WLDSW,” respectively.

    Forward-Looking Statements Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we discuss the benefits and advantages of our products and technology, our aim to make neural input as intuitive and accessible as possible, and the potential of our touchless control technology in enabling devices to support natural and intuitive control gestures and allowing users to adjust digital environments. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2024, filed on March 20, 2025 and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations Contact
    Michal Efraty
    IR@wearabledevices.co.il

    The MIL Network –

    May 27, 2025
  • MIL-OSI: Drones Used for Power Line Inspection Industry Exploding, Expected to Reach $323 Billion By 2032

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 22, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The Global Drone Power Line Inspection Market is expected to grow significantly in the coming years. A report from Wise Guy Reports projected that the Drone Power Line Inspection Market Industry is expected to grow from 26.66(USD Billion) in 2024 to 323.8 (USD Billion) by 2032. The Drone Power Line Inspection Market CAGR (growth rate) is expected to be around 36.63% during the forecast period (2025 – 2032). The report said: “Key market drivers propelling the growth of the drone power line inspection market include increasing demand for reliable and efficient power transmission and distribution, rising emphasis on safety and regulatory compliance, and technological advancements in drone technology. Moreover, government initiatives and support for drone-based inspections and the growing need for remote inspection solutions amidst challenging terrains and weather conditions further contribute to the market expansion. Opportunities for exploration and capture reside in the integration of AI and machine learning capabilities into drones, enabling more accurate and efficient inspection processes. Additionally, the development of autonomous drones with advanced navigation and obstacle avoidance systems holds significant potential for reducing inspection time and costs. Recent trends in the drone power line inspection market revolve around the adoption of multi-rotor drones for enhanced stability and maneuverability. Furthermore, the integration of advanced sensors, such as thermal imaging and high resolution cameras, provides detailed and comprehensive inspection results. The use of drone-mounted LiDAR (Light Detection and Ranging) systems is also gaining traction, offering precise measurements and 3D mapping capabilities, allowing for thorough and reliable assessments of power lines.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), NVIDIA Corporation (NASDAQ: NVDA), AgEagle Aerial Systems Inc. (NYSE: UAVS), AeroVironment, Inc. (NASDAQ: AVAV), EHang Holdings Limited (NASDAQ: EH).

    Wise Guy Reports continued: “Stringent government regulations and safety standards are also driving the growth of the Global Drone Power Line Inspection Market Industry. In many countries, regular inspections of power lines are mandatory to ensure the safety and reliability of the power grid. Traditional inspection methods, such as manual inspections or the use of helicopters, can be time-consuming, expensive, and hazardous. Drones provide a safer and more efficient alternative, enabling utilities to comply with regulatory requirements while reducing the risk to human inspectors.” It concluded: “Major players in Drone Power Line Inspection Market industry are continuously striving to gain a competitive edge by developing innovative and cost-effective solutions. Leading Drone Power Line Inspection Market players are investing in research and development to improve the capabilities of their drones and enhance the efficiency of their inspection services. The Drone Power Line Inspection Market is expected to witness significant growth over the forecast period, owing to the growing demand for drones for power line inspection tasks. Technological advancements and the increasing adoption of drones for various applications are driving the growth of the Drone Power Line Inspection Market. Partnerships and collaborations among market participants are also contributing to the development of the Drone Power Line Inspection Market Competitive Landscape.”

    ZenaTech (NASDAQ:ZENA) National Drone as a Service (DaaS) Grows Through Closing a Fifth Acquisition, Adding Powerline Inspection Capabilities – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today announces the closing of its fifth US acquisition as part of its national DaaS rollout. The acquisition of Laventure & Associates, Inc. boosts in-house expertise to service the fast-growing powerline inspection market. The Fort Pierce, Florida land surveying, mapping, and services firm with more than two decades of experience brings a strong portfolio of repeat customers, including for multi-year power line inspections. It further enhances the services capabilities of ZenaTech’s DaaS business and provides operational synergies with other recent Florida acquisitions, further solidifying a strategic foothold in the state.

    “Laventure & Associates is an important addition that will leverage new capabilities for AI drones to conduct powerline inspections, potentially adding to our overall DaaS services portfolio future growth. This marks our fifth US acquisition to date, demonstrating steady progress toward acquiring and integrating up to 20 additional companies and new services growth over the next 12 months,” said CEO Shaun Passley, Ph.D.

    The global drone power line inspection market was valued at approximately USD 26.66 billion in 2024 and is projected to grow to USD 323.8 billion by 2032, exhibiting a remarkable CAGR of 36.63% during the forecast period, according to market research company WiseGuy Reports.

    Powerline inspections are important in assessing transmission infrastructure for damage, wear, or vegetation interference to ensure safety and reliability. Traditionally performed by ground crews or helicopters, these inspections are often slow, costly, and hazardous. ZenaTech plans to combine industry land survey and inspections expertise with advanced drone capabilities to deliver faster, safer, and more precise inspections, helping power companies reduce downtime, improve maintenance, and streamline operations.

    ZenaTech’s DaaS business will incorporate the ZenaDrone 1000 and the IQ series of multifunction autonomous drones to provide a variety of solutions from land surveys and power line inspections to power washing and bar code scanning inventory management automation, made accessible and cost effective through an Uber-like business model paid for on a regular subscription or pay-per-use basis. Customers can conveniently access drones for eliminating manual or time-consuming tasks and achieving superior results.

    The DaaS business model offers customers reduced upfront costs and convenience ─ there is no need to purchase drone hardware and software, find a drone pilot, manage maintenance and operation, or acquire regulatory approvals. The model also offers scalability to use more often or less often based on business needs. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    In Additional ZENA News: ZenaTech’s (NASDAQ:ZENA) Advances Its US Southeast DaaS Business with a Bolt-On Land Survey Company Acquisition Offer – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announced it has extended an offer to acquire a well-established Florida land survey engineering firm that could serve as a bolt-on to another recently acquired land survey company. The acquisition would strengthen ZenaTech’s Drone as a Service presence in the high-growth Florida market and would be the fourth acquisition in the Southeast region and the fifth acquisition nationally.

    “This target acquisition will strengthen our regional Florida coverage by delivering faster and more precise drone-powered surveys to construction, real estate and government customers, while accelerating our broader US DaaS rollout,“ said Shaun Passley, Ph.D., CEO of ZenaTech. “With the global drone survey market growing at over 19% a year, we plan to leverage this growth by building a scalable, recurring revenue business that captures long-term value across land surveys and other legacy industries ripe for drone innovation.”

    Accurate land surveys are essential for the planning, design, and execution of roads, bridges, and building projects for cities, commercial, and residential projects, and are required for legal purposes. Remotely piloted drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems for capturing high-resolution pictures and data are revolutionizing the land survey industry, gathering aerial data across expansive terrains in a matter of hours instead of weeks or months using more traditional photogrammetry methods.

    The Drone as a Service or DaaS business model works similarly to Software as a Service (SaaS), but instead of providing software over the internet, this model offers drone technology solutions and services on a subscription or pay-per-use basis. Both business and government customers can conveniently access drones for tasks such as surveying, inspections, security, law enforcement, power washing or precision agriculture solutions without having to buy, operate, or maintain the drones themselves. Continued… Read this full release by visiting: https://www.zenatech.com/newsroom/

    Other recent developments in the markets include:

    NVIDIA Corporation (NASDAQ: NVDA) – AI is transforming industries and tackling global challenges. The NVIDIA Jetson™ platform drives this revolution by providing tools to develop and deploy AI-powered robots, drones, IVA applications, and autonomous machines. Powered by generative AI at the edge, as well as NVIDIA Metropolis and Isaac™ platforms, Jetson offers scalable software, modern AI stack, flexible microservices and APIs, production-ready ROS packages, and application-specific AI workflows.

    The new Jetson Orin™ platform also gives you up to 275 trillion operations per second and 8X the performance of the last generation. Seven different modules based on the same architecture—from the entry-level Jetson Orin Nano™ to the highest performance Jetson AGX Orin—make this the ideal platform for the new age of robotics.

    Tomahawk GCS, an AeroVironment (NASDAQ: AVAV) product line specializing in autonomous and intelligent multi-domain systems, has recently been awarded a $5.1 million contract to support the U.S. Army Rapid Capabilities and Critical Technologies Office (RCCTO) Human-Machine Integrated Formations (HMIF) rapid prototyping project. Following a rigorous selection process, AV’s Tomahawk’s Grip TA5 was selected as the Dismounted Common Controller (DCC) to significantly enhance human-machine teaming for battlefield operations.

    The HMIF initiative, led by the U.S. Army RCCTO, is accelerating the integration of autonomous and robotic systems into formations to enhance situational awareness, lethality, and survivability. With its modular architecture and multi-platform compatibility, the Grip TA5 provides operators command-and-control of multiple robotic assets in real-time, enhancing mission adaptability and response speed.

    EHang Holdings Limited (NASDAQ: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, recently announced that it will release its unaudited financial results for the first quarter ended March 31, 2025 on Monday, May 26, 2025, before the U.S. market opens.

    EHang’s management team will host an earnings conference call at 8:00 AM on Monday, May 26, 2025, U.S. Eastern Time (8:00 PM on Monday, May 26, 2025, Beijing/Hong Kong Time).

    AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of best-in-class unmanned aerial systems (UAS) and sensors for military, public safety, and commercial use, recently announced its financial results for the first quarter ended March 31, 2025, highlighted by gross margin improvement and significant reduction in operating expenses.

    AgEagle CEO Bill Irby commented, “In the first quarter of 2025 we delivered a significantly improved financial performance marked by strong gross margin improvement and a meaningful reduction in operating expenses. This pivotal milestone is a clear validation of the strategic decisions we have made to streamline operations, sharpen our commercial focus, and prioritize higher-margin product lines. With a strengthened balance sheet, improved cash position, and reduced cash burn, AgEagle is now operating from a healthier and more resilient financial foundation.

    About FN Media Group:

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

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    SOURCE: FN Media Group

    The MIL Network –

    May 27, 2025
  • MIL-OSI: Sky Quarry Announces Strategic Growth Plan to Achieve Full Production Capacity at its Foreland Refinery

    Source: GlobeNewswire (MIL-OSI)

    “Scalable roadmap sets stage for up to 800,000 barrels annually through steady operations and targeted investments”

    WOODS CROSS, Utah, May 22, 2025 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry” or “the Company”), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today announced a comprehensive strategic roadmap for its wholly owned subsidiary, Foreland Refining Corporation (“Foreland”). The plan is designed to scale operations to a sustained production rate of up to 800,000 barrels per year.

    Titled the “Path to Full Production,” the phased plan positions Foreland, Nevada’s only operating refinery, as a key piece of regional energy infrastructure, helping to stabilize fuel supply across the Western U.S. Each stage is supported by clearly defined operational, technical, and financial benchmarks.

    The Refinery is currently operating at up to 3,600 barrels per day, with expansion efforts already underway. The roadmap outlines four key production milestones: 45,000, 60,000, 80,000, and 100,000 barrels per month. Foreland expects to reach this peak level during periods of high seasonal demand. These are monthly targets, with production rising in the summer and easing back in winter. At full capacity, this translates to an annualized peak rate of 800,000 barrels, though actual output will vary seasonally.

    “This initiative is designed to sharpen our operations and strengthen our bottom line, setting the stage for expected and sustained growth,” said David Sealock, Chairman & CEO of Sky Quarry. “Refining is a long game, and Foreland is building the foundation to be a high-integrity, high-performance facility for years to come.”

    Key components of the strategic growth plan include:

    • Operational Efficiency: Reducing downtime from shutdowns and startups improves safety and extends equipment life.
    • Workforce Expansion: New positions in operations, maintenance, and supervision will support the transition to higher capacity.
    • Stronger Supply and Customer Relationships: Steady production attracts long-term contracts, stronger pricing, and more reliable partnerships.
    • Revenue Growth Potential: Each production milestone significantly increases the refinery’s revenue-generating capacity.

    To support these goals, the Company has implemented a proactive maintenance and risk management framework. Infrastructure upgrades and crude supply contracts are already in progress to ensure safe and uninterrupted operations in anticipation of increased production.

    “These projects aren’t just about increasing production, they’re about building strong teams and lasting systems,” Sealock added. “I want to thank Cyla Apache, our Vice President, for spearheading this project from concept to implementation with vision and precision. I’m also grateful to our refinery staff for their hands-on expertise, to Kevin Arrington at TAR360 for his guidance, and to the University of Utah research team, whose work is helping us reduce energy use and lower utility costs. We’re confident in our path forward and proud of what it means for our community, customers, and shareholders.”

    The Refinery also intends to expand its capabilities to include recycled heavy oil from waste materials, expected to be sourced from PR Spring. The Company believes this roadmap will help support Sky Quarry’s mission to build a more sustainable and resilient energy future through operational excellence, safety, and long-term value creation.

    About Sky Quarry Inc.

    Sky Quarry Inc. (NASDAQ:SKYQ) and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit skyquarry.com.

    Forward-Looking Statements

    This press release may include ”forward-looking statements.” All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond our control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in our disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and the Company’s other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the Company’s Form 10-K as filed with the SEC on March 31, 2025. Forward-looking statements speak only as of the date of the document in which they are contained.

    Investor Relations
    Jennifer Standley
    Director of Investor Relations
    Ir@skyquarry.com

    Company Website
    www.skyquarry.com

    The MIL Network –

    May 27, 2025
  • MIL-OSI: XRP News: XenDex Presale Ends in 6 Days, Secure $XDX Before Listings Go Live on Binance, FirstLedger, Gate.io, Magnetic & More

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, Australia, May 22, 2025 (GLOBE NEWSWIRE) — As XRP makes waves across the global crypto landscape, XenDex is quickly becoming the most talked-about DeFi launch on the XRP Ledger (XRPL). With just 6 days left in the presale, urgency is at an all-time high as early investors race to secure $XDX tokens before exchange listings go live.

    Having already filled its soft cap and with the hard cap nearly complete, the XenDex presale has entered its final stretch, fueled by overwhelming demand from both retail and institutional investors.

    Buy $XDX Now Before Listing On Binance

    Riding on the recent news of the possibility of XRP price hitting all time high, CME launching XRP Futures, SEC lawsuit withdrawal, and XRP breaking resistance levels, XenDex is building the DeFi infrastructure XRP has long needed. It’s all-in-one decentralized exchange (DEX) is in active development, and the Version 1 of the DEX will be unveiled soon, showcasing every feature in action.

    With speculation mounting that XRP could reach $1,000 in the long term, XenDex is launching at the perfect moment, offering the tools, speed, and accessibility XRPL has long needed.

    What Is XenDex?

    XenDex is developing the first all-in-one decentralized exchange (DEX) on the XRP Ledger, designed for both beginners and seasoned traders. With Version 1 in active development, a platform mockup will be revealed in the coming days and only presale participants will receive early access.

    Purchase $XDX At A low Price

    Key Features of XenDex

    • AI Copy Trading – Mirror the strategies of elite traders
    • Lending & Borrowing – Borrow or lend XRP and $XDX securely
    • Cross-Chain Trading – Swap XDX across Ethereum, Solana, and BNB
    • Staking & Yield Farming – Earn rewards while providing liquidity
    • DAO Governance – Shape the platform’s direction via voting with $XDX

    Why Join Now?

    • Price: 1.25 XRP = 10 XDX
    • Minimum Buy: 150 XRP
    • Soft Cap: Filled
    • Hard Cap: Almost Filled

    Buy Now Before the Presale Ends: https://xendex.net/presale

    Confirmed Exchange Listings:

    After the presale, $XDX will be listed on exchanges like; Binance, Gate.io, MEXC, BitMart, FirstLedger, MagneticX.

    With just 6 days left, shrinking token supply, and a full launch imminent, this may be your final chance to buy before price surges on listing.

    Join XenDex Community Below:

    Website: xendex.net
    Presale: xendex.net/presale
    Telegram: t.me/xendexcommunity
    Twitter/X: x.com/xendex_xrp
    Docs: xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

    Disclaimer: This is a paid post provided by XenDex. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.
    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6ffce0c1-f614-4d73-9e2f-3801cd590f64

    The MIL Network –

    May 27, 2025
  • MIL-OSI USA: Feenstra Votes to Pass President Trump’s “One, Big, Beautiful Bill”

    Source: United States House of Representatives – Representative Randy Feenstra (IA-04)

    WASHINGTON, D.C. – Today, U.S. Rep. Randy Feenstra (R-Hull) voted to pass President Trump’s “One, Big, Beautiful Bill.”

    “Today, I proudly voted for President Trump’s ‘One, Big, Beautiful Bill’ to deliver historic tax cuts for American families, farmers, workers, and small businesses. This legislation also funds our border patrol agents, continues construction of the border wall, revives domestic manufacturing, unleashes American energy dominance, and kicks illegal immigrants off taxpayer-funded benefits,” said Rep. Feenstra. “More than 77 million Americans made clear at the polls that they want President Trump’s America First agenda codified into law, and our ‘One, Big, Beautiful Bill’ delivers on this promise. Thanks to President Trump’s leadership, our families will see big tax cuts, American workers will have higher wages, our farmers will see relief from the death tax, and our small businesses and local manufacturers will grow and thrive. Iowa will lead the way to restore our economic might and revive our manufacturing dominance.”

    Feenstra-led and -sponsored provisions include:

    • An increase in the exemption on the death tax,
    • Support for small businesses to offer paid family and medical leave to their employees,
    • Flexibility for community banks to offer agricultural business loans at more affordable rates for farmers and rural businesses,
    • Investments in homegrown Iowa biofuels,
    • Tax provisions to help American businesses compete on a level playing field with foreign businesses,
    • Higher standard deduction for families and workers,
    • New $4,000 bonus deduction for seniors,
    • Increased child tax credit for families,
    • Permanent 23% deduction for qualified business income for small businesses,
    • Lower crop insurance costs for young, beginning, and veteran farmers,
    • Support for foreign animal disease prevention, mitigation, and response,
    • Prevention of administrative errors when distributing SNAP payments, ensuring nutrition assistance is fighting food insecurity, and,
    • Investments in watershed infrastructure and flood prevention.

    ###

    MIL OSI USA News –

    May 27, 2025
  • MIL-OSI USA: Rep. Mann Votes to Advance President Trump’s One Big Beautiful Bill

    Source: United States House of Representatives – Representative Tracey Mann (Kansas, 1)

    WASHINGTON, D.C. – Today, U.S. Representative Tracey Mann (KS-01) voted to advance the One Big Beautiful Act. The bill fulfills priorities that Rep. Mann and President Trump campaigned on, including making the 2017 Trump tax cuts permanent, securing the nation’s borders, and reducing U.S. federal spending. The bill passed in the U.S. House of Representatives by a vote of 215-214. Rep. Mann released the following statement after the vote:

    “On November 5, 2024, 77 million Americans gave Washington, D.C. a mandate to get our country back on track,” said Rep. Mann. “Today, House Republicans delivered on that mandate by saving taxpayer dollars, securing our borders, investing in our nation’s defense, promoting hard work and the American dream, and most importantly, preventing Kansans from seeing an average tax hike of $2,200 next January. These are the commonsense policy solutions that the Big First District overwhelmingly voted for last November and I could not be prouder of what we were able to deliver for the country. I am hopeful the Senate will move quickly to get this bill over the finish line and look forward to President Trump signing it into law.”

    The One Big Beautiful Bill Act:

    • Makes the 2017 Trump tax cuts permanent, protecting the average taxpayer from a 22% tax increase in January 2026
    • Eliminates taxes on tips, overtime pay, and car loan interest on American-made cars
    • Provides additional tax relief for seniors
    • Expands the 199A small business deduction to 23% and makes it permanent
    • Increases detention capacity for Immigration and Customs Enforcement (ICE) and includes funding for ICE resources
    • Funds the completion of the border wall and invests in modern technology to assist with intercepting drugs and human smuggling at U.S. ports of entry
    • Invests $60 billion in strengthening the farm safety net by expanding crop insurance and updating reference prices
    • Closes loopholes in the law that allow states to waive work requirements for government assistance programs
    • Appropriates $12.5 billion to the Federal Aviation Administration for the modernization of air traffic control technology and infrastructure
    • Rescinds unobligated funds and eliminates Biden-era programs estimated to cost over $4 billion

    The One Big Beautiful Bill Act will now go to the U.S. Senate for further consideration.

    ###

    MIL OSI USA News –

    May 27, 2025
  • MIL-OSI: Primech AI Commences 2-Year Lease Deployment of HYTRON Autonomous Bathroom Cleaning Robot at Major Singapore Shopping Mall

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 22, 2025 (GLOBE NEWSWIRE) — Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced the successful deployment of its state-of-the-art autonomous bathroom cleaning robot, HYTRON, at one of Singapore’s premier lifestyle and shopping destinations. This deployment represents a significant milestone in the Company’s mission to revolutionize facility services through advanced robotics and AI-driven technology.

    The HYTRON robot, powered by NVIDIA’s Jetson Orin Super module, delivers exceptional performance in real-time AI processing, energy efficiency, and intelligent decision-making capabilities within a compact design specifically engineered for high-traffic public environments.

    “Our deployment at this shopping mall demonstrates how advanced robotics and AI can dramatically improve cleanliness and hygiene standards in busy commercial spaces,” said Charles Ng, Co-Founder and Chief Operating Officer at Primech AI. “HYTRON represents our commitment to addressing real-world challenges in facilities management through purpose-built technological solutions.”

    HYTRON’s sophisticated capabilities leverage NVIDIA’s comprehensive suite of technologies, including CUDA for high-performance parallel computing, cuDNN for accelerated deep learning performance, TensorRT for optimized AI inference, and NVIDIA Driver for stable hardware-software communication. These technologies enable HYTRON to maintain consistent cleanliness standards with minimal human intervention.

    Visitors can now observe HYTRON in operation, working efficiently to maintain restroom cleanliness with precision and reliability throughout the mall’s operating hours. The robot’s presence has already generated significant interest among shoppers and facilities management professionals alike.

    This latest HYTRON deployment at one of Singapore’s busiest lifestyle destinations underscores Primech AI’s expanding market presence and mission to transform urban hygiene solutions through innovative robotics. The Company continues to focus on creating tailored solutions for space-constrained environments typical in urban settings across Asia and Europe.

    About Primech AI
    Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit www.primech.ai.

    About Primech Holdings Limited
    Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.    

    Forward-Looking Statements
    Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    Company Contact:
    Email: ir@primech.com.sg

    Investor Relations Contact:        
    Matthew Abenante, IRC
    President                                        
    Strategic Investor Relations, LLC                                         
    Tel: 347-947-2093
    Email: matthew@strategic-ir.com

    The MIL Network –

    May 27, 2025
  • MIL-OSI: LPL Financial and Momentum Wealth Partners Welcome Beacon Financial

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, May 22, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that Beacon Financial has joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms, aligning with Momentum Wealth Partners, an existing firm supporting LPL-affiliated advisors. The Beacon Financial team of 10 advisors reported having served approximately $850 million in advisory, brokerage and retirement plan assets* and joins LPL from Cetera.

    Based in Toledo, Ohio, Beacon Financial is led by Principal Owner and CEO Greg Kopan, AIF®, a seasoned financial services veteran with nearly two decades of industry experience. Kopan founded Beacon Financial in 1997 with the goal of helping clients build a more secure financial future. Today, Beacon Financial is a multi-generational practice leveraging multiple perspectives to work toward predictability for their clients’ wealth horizon.

    “Our clients range from business owners and professionals to those nearing or in retirement, and we take a comprehensive approach to understanding each of their needs and goals to create a personalized and tailored plan to help them meet their short- and long-term goals,” Kopan said.

    Looking to pair their client-centered philosophy with the desire to provide their clients with an elevated experience, the team spent 10 months researching firms and doing their due diligence before selecting LPL and Momentum as the best partners for their business goals.

    “LPL stood out to us for several reasons,” Kopan said. “First, LPL has a strategic succession planning team, and that’s incredibly important as we are a multi-generational practice, and the future of the firm is always top of mind. LPL’s robust integrated and streamlined technology also stood out because we have a lot of older clients, and I am confident that having a single sign-on will be a positive change for them. Another deciding factor is that LPL understands our concerns around cybersecurity and is committed to helping combat the issue. Last year, LPL spent more than $500 million on technology infrastructure and cybersecurity to help advisors keep their businesses — and their clients — safe.”

    Kevin Frank, Momentum Wealth Partners Managing Partner and Co-founder, stated, “At Momentum, our mission is to empower advisors to achieve their professional goals by providing strategic planning, personalized support and an unwavering partnership — the same type of partnership that the Beacon Financial team provides to their clients. We look forward to a successful partnership for years to come.”

    Scott Posner, Managing Director, Business Development, said, “We welcome the Beacon Financial team and are honored they turned to LPL and Momentum Wealth Partners for the next phase of their business. At LPL, we are committed to helping advisors provide differentiated experiences by delivering innovative capabilities and strategic resources that make it easier for advisors to manage their practices and build long-term value with their clients.”

    Related

    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to — run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC. Beacon Financial, Momentum Wealth Partners and LPL Financial are separate entities.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2024.

    Media Contact: 
    Media.relations@LPLFinancial.com

    Tracking #735638

    The MIL Network –

    May 27, 2025
  • MIL-OSI United Kingdom: Landmark government partnership signed with North Macedonia

    Source: United Kingdom – Executive Government & Departments

    World news story

    Landmark government partnership signed with North Macedonia

    The new Government Partnership will drive economic growth across both countries through increased collaboration on infrastructure projects.

    Today marks a new era for UK-North Macedonia relations, following the signing of a Government-to-Government Partnership (G2G) which will boost trade and drive economic growth. This Partnership supports the delivery of critical infrastructure projects across various sectors, including transport, health, energy, and technology. It will be able to draw on a wide range of support, including technical assistance programmes and up to £5 billion in UK Export Finance support available for projects in North Macedonia.

    The formal signing ceremony took place at the historic Old Admiralty Building in London on Thursday 22nd May 2025, with the UK Minister for Exports, Gareth Thomas MP, and the Deputy Prime Minister of North Macedonia, Aleksandar Nikoloski, in attendance.

    This G2G underscores the commitment of both nations to collaborate on critical infrastructure projects that deliver social, economic, and environmental benefits. By leveraging the expertise and innovation of both countries, this Partnership will drive the development of resilient infrastructure that fosters growth and prosperity.

    The exchange of knowledge and best practice between our two countries will be central to this G2G, drawing from the expertise of both nation’s respective infrastructure fields. This means the UK Government and British businesses working in partnership with the government of North Macedonia and their local supply chain to deliver infrastructure projects across North Macedonia. This approach will generate mutual benefits for both nations through the sharing of innovation to deliver resilient infrastructure that drives growth.

    Minister of Exports, Gareth Thomas MP expressed his enthusiasm:

    This partnership opens up a new chapter in our bilateral relationship with North Macedonia.

    The UK has a wealth of experience in delivering high-quality infrastructure across the world and I am delighted to be kicking off this new partnership that will help more British businesses export to North Macedonia.

    The UK Ambassador to North Macedonia, Matthew Lawson said:

    We have achieved a significant milestone in the UK – North Macedonia relations with the signing of the Government-to-Government Partnership by UK Minister for Exports, Gareth Thomas MP, and the Deputy Prime Minister of North Macedonia, Aleksandar Nikoloski.

    The G2G will further strengthen the already excellent trade ties between our countries and support the delivery of critical infrastructure projects in different sectors, including transport, health, energy, and technology in North Macedonia. As the British Ambassador I am proud that our governments have reached this landmark partnership that will benefit the citizens of both countries. We stand strong and united together.

    This G2G builds on a strong existing bilateral relationship between the UK and North Macedonia. Recently, UK Prime Minister Keir Starmer and Prime Minister Hristijan Mickoski welcomed a new Strategic Partnership at the European Political Community Summit in Tirana on the 16th May 2025. This G2G represents the start of our enhanced trade and infrastructure collaboration.

    Chris Barton, His Majesty’s Trade Commissioner for Europe also expressed his support:

    I am delighted that this G2G will support stronger collaboration across our governments and businesses to deliver economic growth for both our nations and good-quality infrastructure for the citizens of North Macedonia.

    Notes to editors:

    • government to government (G2G) partnerships are formal arrangements under which we agree to provide another government is provided with access to UK public and private expertise for specific projects or programmes that create commercial benefits

    • total trade in goods and services (exports plus imports) between the UK and North Macedonia was £1.7 billion in the four quarters to the end of Q3 2024

    • the UK is North Macedonia’s second largest trading partner in the 4 quarters to the end of Q3 2024

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    Updates to this page

    Published 22 May 2025

    MIL OSI United Kingdom –

    May 27, 2025
  • MIL-OSI Security: Santa Barbara County Investment Advisor Sentenced to Over 10 Years in Prison for Stealing Nearly $2.3 Million From Elderly Clients

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

    LOS ANGELES – A Santa Barbara County investment advisor was sentenced today to 121 months in federal prison for stealing approximately $2.25 million from elderly clients of her investment advisory business, including clients that were receiving end-of-life care.

    Julie Anne Darrah, 52, of Santa Maria, was sentenced by United States District Judge Otis D. Wright II, who will schedule a restitution hearing at a later date.

    Darrah pleaded guilty on March 4 to one count of wire fraud.

    During the scheme, Darrah stole approximately $2.25 million from her firm’s clients. She did so by obtaining control of her victims’ assets, and then – without the victims’ knowledge or consent – she liquidated their security holdings and transferred the proceeds to accounts she controlled. As part of this, she convinced victims to sign documents making her the trustee of their trusts or a signatory on their bank accounts or giving her power of attorney over their brokerage accounts and allowing her – as their investment advisor – to transfer funds from their accounts to other bank accounts, including to her own accounts.

    Darrah took advantage of trust victims placed in her – often convincing them she would take care of them in their older years like a daughter, and she used this trust to convince them to sign the documents that she then used to steal money from them. In this way, Darrah stole money from victims from approximately November 2016 to July 2023. She used stolen funds to buy properties for herself, pay other personal expenses, buy luxury vehicles, and operate other business ventures. Some victims were left in desperate circumstances, without the money to pay for end-of-life care, when the fraud was discovered.

    Darrah also convinced a company identified in the plea agreement as “Business Victim 1,” a Minnesota-based investment advisor firm, to acquire VFM based on false and misleading statements and the concealment of material facts, including not telling that firm about her theft of individual client funds. After the fraud was discovered, Business Victim 1 incurred approximately $5.4 million in losses.

    In October 2023, the SEC filed a civil complaint against Darrah in connection with this scheme. In December 2024, United States District Judge Dale S. Fischer found Darrah liable to pay $2,416,511, including interest.

    The FBI and the Federal Deposit Insurance Corporation Office of Inspector General investigated this matter.

    Assistant United States Attorney Kerry L. Quinn of the Major Frauds Section prosecuted this case.

    If you or someone you know is age 60 or older and has been a victim of financial fraud, help is available at the National Elder Fraud Hotline: 1-833-FRAUD-11 (1-833-372-8311). This Department of Justice hotline, managed by the Office for Victims of Crime, is staffed by experienced professionals who provide personalized support to callers by assessing the needs of the victim and identifying relevant next steps. Reporting can help authorities identify those who commit fraud and reporting certain financial losses due to fraud as soon as possible can increase the likelihood of recovering losses. English, Spanish and other languages are available.

    MIL Security OSI –

    May 27, 2025
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