Category: Finance

  • MIL-OSI Security: Federal Agencies Conduct Joint Operation in Southern Indiana

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

    More Than 20 Violent Illegal Immigrants Arrested

    INDIANAPOLIS, IN—A coordinated, multi-agency law enforcement operation conducted from April 29 to May 1, resulted in the arrest of 23 individuals in the Evansville and Bloomington areas, as part of an ongoing initiative to combat criminal activity and enhance public safety.

    The successful three-day operation was led by a coalition of federal partners, including U.S. Immigration and Customs Enforcement (ICE), the Federal Bureau of Investigation (FBI), the Drug Enforcement Administration (DEA), the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the U.S. Marshals Service (USMS), and the U.S. Attorney’s Office (USAO).

    Of the 23 individuals taken into custody:

    • 18 had prior criminal arrests or convictions, including:
      • 10 individuals with one or more operating while intoxicated (OWI) offenses
      • 10 individuals involved in crimes that resulted in injury to others
      • 3 individuals connected to drug possession and trafficking

    Additionally, four individuals were arrested on federal warrants, including one subject previously convicted of cocaine trafficking.

    Those included:

    • Martin Cortez-Lopez, 36, who was arrested as he left court in Bloomington, Indiana.
      • Criminal History: 2007 – Disorderly intoxication and resisting law enforcement with violence / 2010 – Possession of cocaine and failure to appear for resisting officer with violence / 2024 – Possession of cocaine x2 and operating while intoxicated/endangerment.
      • Previously removed 2011
    • Amin Reynosa-Diaz, 29, arrested in Evansville, Indiana. Reynosa-Diaz was located at a construction site and taken into custody.
      • Criminal History: 2020 – Driving while intoxicated / 2024 – Domestic violence.
      • Previously removed 2019
    • Jaime Ortiz-Guzman, 46, arrested in Bloomington, Indiana.
      • Criminal History: 1999 – Federal Arrest, fraud, imposter, false documents / 2006 – Battery / 2008 – Operating while intoxicated and operating a motor vehicle without ever receiving a license / 2024 – Operating while intoxicated and driving without a license.
      • Previously removed felon
    • Jonathan Regules-Hernandez, 44, arrested in Bloomington, Indiana, after a short foot pursuit.
      • Criminal History: 2000 – Larceny and possession of stolen goods / 2004 – Maintaining a vehicle/dwelling/place with controlled substances and trafficking in cocaine / 2005 – Breaking and entering with the intent to commit felony and larceny after breaking and entering / 2007 – Alien removal under section 212 and 237 / 2025 – Operating a motor vehicle without ever receiving a license.
      • Previously removed felon

    This operation underscores the effectiveness of interagency collaboration in addressing public safety threats. By combining investigative resources, intelligence sharing, and enforcement capabilities, federal agencies are better equipped to identify, locate, and apprehend individuals who pose risks to the community or have violated federal laws, including immigration statutes.

    MIL Security OSI

  • India calls for global action to protect mountain ecosystems at Sagarmatha Sambaad in Nepal

    Source: Government of India

    Source: Government of India (4)

    Union Minister for Environment, Forest and Climate Change, Bhupender Yadav, on Friday put forth a five-point global action plan to protect fragile mountain ecosystems, while representing India at the inaugural Sagarmatha Sambaad in Kathmandu, Nepal. The high-level global dialogue, themed “Climate Change, Mountains, and the Future of Humanity”, brought together ministers, climate leaders, and policymakers from across the world.

    Speaking at the summit, Yadav reaffirmed India’s commitment to global climate action and emphasized the need for collaborative efforts to safeguard the Himalayas and other mountain regions. “It is a profound honour to represent India at this historic gathering. The name Sagarmatha, meaning ‘Head of the Sky,’ aptly captures the majesty and responsibility we share in protecting our mountain ecosystems,” he said.

    The Minister acknowledged Nepal’s initiative in hosting the event and highlighted the deep ecological and cultural ties India shares with its Himalayan neighbours. He pointed out that despite South Asia comprising nearly 25% of the global population, it accounts for just 4% of historical global CO₂ emissions. However, he stressed that developing countries continue to bear the brunt of the climate crisis while developed nations fall short on their climate finance and technology transfer commitments.

    Underscoring the ecological richness of high-altitude regions, Yadav called for enhanced transboundary conservation and urged Himalayan nations to collaborate under the International Big Cats Alliance. This alliance, he said, can help conserve iconic species like snow leopards, tigers, and leopards by fostering shared expertise, funding, and knowledge sharing.

    Referring to India’s efforts under Project Snow Leopard, Yadav cited Prime Minister Narendra Modi’s address at the 13th COP of the Convention on Migratory Species in 2020, where the significance of preserving snow leopard habitats was emphasized. He shared findings from India’s first Snow Leopard Population Assessment, conducted between 2019 and 2023, which recorded 718 snow leopards—representing 10–15% of the global population.

    During his address, the Union Minister outlined a five-point call for global action:

    Enhanced Scientific Cooperation – Strengthening research and monitoring of cryospheric changes, hydrology, and biodiversity.
    Building Climate Resilience – Investing in adaptation measures, disaster early warning systems such as for Glacial Lake Outburst Floods (GLOFs), and climate-resilient infrastructure.
    Empowering Mountain Communities – Placing local communities at the heart of policy-making and promoting green livelihoods, sustainable tourism, and the integration of traditional knowledge.
    Providing Green Finance – Ensuring adequate and predictable climate finance in line with the Paris Agreement to support mountain nations in adaptation and mitigation.
    Recognizing Mountain Perspectives – Ensuring that the unique vulnerabilities and contributions of mountain ecosystems are reflected in global climate negotiations and development agendas.

    “India stands ready to partner with Nepal and all mountain nations to protect our shared ecological heritage. In the spirit of Vasudhaiva Kutumbakam—the world is one family—we must ensure our sacred mountains continue to stand tall as symbols of hope and sustainability,” Yadav concluded.

    The event was attended by several global dignitaries, including Nepal’s Prime Minister K. P. Sharma Oli, Foreign Minister Dr. Arzu Rana Deuba, Vice Chairman of China’s National People’s Congress Xiao Jie, and COP29 President and Azerbaijan’s Ecology Minister Mukhtar Babayev.

  • MIL-OSI United Kingdom: Rich List shows extremely wealthy must be taxed properly

    Source: Scottish Greens

    It is time for the super-rich to pay their fair share.

    The Sunday Times Rich List shows that the extremely wealthy must be fairly taxed to save our public services, say the Scottish Greens.
     
    The call comes from the party’s finance spokesperson Ross Greer MSP, as the Sunday Times list put the combined wealth of the richest 350 people – including King Charles – at £772.8 billion.
     
    According to research from the Tax Justice Network, a 1% annual wealth tax on net assets over £10 million could raise almost £10 billion a year while only impacting the richest 0.4% of the population.
     
    Mr Greer said:

    “Over the last year Labour have used claims about the lack of money to justify cuts to pensioners’ Winter Fuel Payments and essential support for disabled people. At the same time, they are refusing to act while bills for everything from food to fuel skyrocket.
     
    “This Rich List shows this claim of a lack of money for what it is, a lie designed to protect the extremely wealthy from paying their fair share. The UK is one of the richest countries in the history of the world, but Westminster governments allow that wealth to be concentrated in the hands of a handful of elites instead of serving the public good.
     
    “This is wealth they couldn’t spend in a hundred lifetimes, but which we could use to fund our hospitals, schools and the services needed to end the scandal of child poverty. Instead, it’s spent on yachts, private jets and buying up land which should belong to communities.
     
    “In Scotland, Green MSPs have already delivered the most progressive income tax system in the UK, asking those who can afford it to pay a little more and delivering an extra £1.7 billion a year for the essential services we all rely on.
     
    “But the most important tax powers, which could be used to fairly redistribute the wealth of the super-rich, are still held at Westminster. And Labour have shown that they’d prefer to take food from the mouths of children and heating from the homes of the elderly than touch the assets of their billionaire friends and donors.
     
    “Future generations will look back at this absurd concentration of wealth and the displays of excess and greed that come with it, and ask why it was allowed to get so out of control. There’s no better time than now to start reversing course. That begins by taxing wealth fairly and using the money to build a fairer, greener society.”

    MIL OSI United Kingdom

  • MIL-OSI Security: Calgary — Alberta RCMP Community Response Team and Cochrane Crime Reduction Unit seize fentanyl and firearm

    Source: Royal Canadian Mounted Police

    Your Alberta RCMP’s Community Response Team and the Cochrane Crime Reduction Unit (CRU), with assistance from the RCMP Federal Policing Northwest Region, Sherriff Investigative Support Unit Surveillance Team, Calgary Police Tactical Unit, Calgary Police Service, Airdrie RCMP, and Cochrane RCMP, concluded a two-month drug trafficking investigation.

    On May 1, 2025, the Alberta RCMP Community Response Team, Cochrane CRU, and Calgary Police Tactical Unit arrested a 50-year-old individual, a resident of Calgary, and a 38-year-old individual, also a resident of Calgary, at the Sunridge Mall in Calgary. Information is yet to be sworn for the 38-year-old individual; therefore, the name cannot be released at this time.

    Subsequent to their arrest, three search warrants were executed, including:

    • A 2020 Chevrolet Malibu;
    • One Residence in Livingston, Calgary; and
    • One Apartment in Livingston, Calgary.

    As a result of the investigation and subsequent search warrants, the following was seized:

    • 271 grams of Fentanyl;
    • 20 grams of Methamphetamine;
    • 22 Oxycodone Pills;
    • One Prohibited Firearm;
    • Ammunition;
    • Cell Phones;
    • Scales;
    • Scoresheets;
    • Money Counter;
    • $6,852 Counterfeit Canadian Currency;
    • 60 Fraudulent Documents;
    • Computers, Printers, Card Scanner, and Embosser to create Fraudulent Documents; and
    • A 2020 Chevrolet Malibu.

    The 50-year-old and 38-year-old individuals were jointly charged with:

    • Possession for the Purpose of Trafficking Fentanyl;
    • Possession for the Purpose of Trafficking Methamphetamine;
    • Possession for the Purpose of Trafficking Oxycodone;
    • Possession of Proceeds of Crime;
    • Possession of Property Obtained by Crime;
    • Possession of Identity Documents;
    • Unlawfully Make Counterfeit Money; and
    • Possession of Counterfeit Money.

    In addition, the 50-year-old individual was charged with:

    • Trafficking Fentanyl;
    • Possession of a Weapon for a Dangerous Purpose;
    • Possession of a Firearm while being Prohibited;
    • Possession of a Prohibited Weapon while being Prohibited;
    • Possession of Ammunition while being Prohibited;
    • Possession of a Firearm without a licence;
    • Possession of a Firearm knowing he was not the holder of a licence; and
    • Possession of a Prohibited Weapon.

    And the 38-year-old individual was charged with:

    • Five counts of Fail to Comply with a Release Order.

    The 50-year-old individual was remanded into custody and appeared in the Alberta Court of Justice in Cochrane, Alta., on May 6, 2025. The 38-year-old individual was released and is to appear in the Alberta Court of Justice in Stony Plain, Alta., on June 24, 2025.

    As a part of your Alberta RCMP’s current Data 2 Action (D2A) focus, Community Response Teams have been established to address the concerns of fentanyl. D2A is an Alberta RCMP Crime Reduction Strategy that turns data and intelligence into actionable tasks focused on the four pillars of policing: targeted prevention, apprehension, suppression, and offender management. Community Response Teams combine focused outreach with targeted enforcement to improve safety, reduce victimization, and address the social determinants contributing to the root causes of crime.

    MIL Security OSI

  • MIL-OSI: XRP News Update: Kaanch network enters final days of stage 5 presale as the Best Crypto to Buy Now

    Source: GlobeNewswire (MIL-OSI)

    XRP Makes Headlines Again — But the Smart Money Is Watching Kaanch

    DUBAI, United Arab Emirates, May 16, 2025 (GLOBE NEWSWIRE) — XRP is back in the spotlight after its futures launch on the CME and renewed ETF speculation. As institutional interest returns to the Ripple ecosystem, crypto investors are reevaluating their positions — not just in XRP, but in undervalued Layer 1 opportunities with far more upside.

    That’s where Kaanch Network is quietly turning heads.

    Now live in Stage 5 of its presale, Kaanch is positioning itself as the top crypto to buy today — combining Solana-grade speed with real-world utility, decentralization, and an active leadership team that recently appeared at TOKEN2049 Dubai.

    What Is Kaanch Network?

    Kaanch is a fully public, non-anonymous Layer 1 blockchain aiming to redefine what it means to build in Web3 — fast, interoperable, secure, and developer-ready from day one.

    • 1.4 Million TPS – Handles massive transaction volumes, ensuring smooth and scalable operations.
    • 3600 Active Validators – Robust decentralization ensures network security and trustless validation.
    • 0.8-Second Block Time – Near-instant transaction finality for a seamless user experience.
    • Ultra-Low Fees – Near-zero gas costs make transactions affordable for all users.
    • Real-World Asset (RWA) Tokenization – Enables secure and transparent digital asset creation.
    • Interoperability – Bridges blockchain networks for seamless cross-chain transactions.
    • DAO Governance – A decentralized decision-making framework for sustainable growth.
    • Staking & Rewards – Real-time incentives for network participants and validators.
    • .knch Domains – Decentralized identity solutions for the Kaanch ecosystem.

    All of this is now available to early investors through the presale at presale.kaanch.com.

    XRP’s Momentum & Kaanch’s Timing

    With XRP futures listed on the CME and ETF chatter increasing, institutional players are coming back to the crypto space. But for those seeking 100x+ potential, the window for XRP is narrowing — its market cap is already in the tens of billions.

    Kaanch, meanwhile, is early, underpriced, and actively building.

    It offers the infrastructure layer to power:

    • DeFi platforms
    • NFT and gaming ecosystems
    • Cross-chain identity and finance protocols
    • Real-world asset tokenization

    And it’s gaining traction quickly — with over $1.12 million already raised and a strong presence at global blockchain events like TOKEN2049 Dubai.

    Presale Opportunity: $0.16 Now, $0.32 Next Stage

    Kaanch is currently in Stage 5 of its presale, offering $KNCH tokens at just $0.16. The next price jump is already scheduled — doubling to $0.32.

    Here’s what you should know:

    • Over $1,121,747 raised
    • Presale live at presale.kaanch.com
    • Next stage price = 100% increase
    • Purchase via ETH, SOL, BNB, USDT, or credit card
    • Staking available with up to 119% APY

    Visit presale.kaanch.com to claim your allocation before the next price bump.

    The XRP Parallel — But with More Flexibility

    XRP has always been about fast, low-fee global payments — and it still leads in cross-border use cases.

    Kaanch takes that idea and pushes it further:

    • True multi-chain asset movement
    • Built-in smart contract layer
    • Public governance via DAO
    • Decentralized identity tools (.knch domains)
    • Enterprise-ready RWA tokenization

    With greater flexibility and scalability than Ripple’s current infrastructure, Kaanch could be a superior long-term Layer 1 foundation.

    Final Thoughts

    XRP is strong — but it’s already priced in.

    Kaanch is still flying under the radar, offering early access, better fundamentals, and a builder-first ecosystem that’s gaining speed every day.

    If you’re looking for the top crypto to buy today — Kaanch isn’t just an option, it’s a rare opportunity.

    Lock in early at presale.kaanch.com before Stage 6 pricing goes live.

    FAQs

    Which crypto could 100x in 2025?

    Kaanch Network ($KNCH) is a high-probability candidate. With its 1.4M TPS capacity, non-anonymous founders, and token utility in staking, governance, and dApps, it has both infrastructure and investor momentum.

    How does Kaanch compare to XRP?

    XRP is built for specific cross-border payments. Kaanch is a general-purpose Layer 1 that supports payments, DeFi, NFTs, gaming, identity, and more — all with higher scalability and openness.

    Is Kaanch backed by a real team?

    Yes. Kaanch’s founders are not anonymous and recently appeared at TOKEN2049 in Dubai, reinforcing their commitment to transparency and long-term leadership.

    How can I buy Kaanch tokens?

    You can purchase $KNCH directly through the official presale at presale.kaanch.com using ETH, SOL, BNB, USDT, or card.

    What rewards do I get for staking?

    Early-stage staking offers up to 119% APY, allowing investors to compound returns even before token listings go live.

    Contact:
    Ved Singh
    info@kaanch.com

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

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

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

    Photos accompanying this announcement are available at

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    The MIL Network

  • MIL-OSI Africa: The International Islamic Trade Finance Corporation (ITFC) Signs a EUR 106 Million Facility Terms under the Master Murabaha Agreement with the Republic of Burkina Faso

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

    OUAGADOUGOU, Burkina Faso, May 16, 2025/APO Group/ —

    The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), the trade finance arm of the Islamic Development Bank (IsDB) Group, renewed its longstanding support to the Republic of Burkina Faso with the signing of a EUR 106 Million Facility terms under the Master Murabaha Agreement, with Société Burkinabè des Fibres Textiles (SOFITEX) as the executing agency.

    The facility provided aims to support the country’s cotton campaign, reinforcing ITFC’s longstanding commitment to enhancing agricultural productivity and economic stability in Burkina Faso.

    Commenting on the signing, Nazeem Noordali, COO of ITFC stated: “ITFC’s commitment to Burkina Faso’s economic development is once again demonstrated through this renewed financing facility. We recognize the critical role of the cotton sector in the economy and its impact on employment in Burkina Faso, which has been a key focus of our interventions since 2008. This partnership with SOFITEX aligns with our ongoing efforts to drive sustainable growth in the sector while ensuring its long-term resilience and prosperity.”

    Speaking on behalf of SOFITEX, the CEO, M. Bienvenu PARE, said: “We are delighted to strengthen our strategic partnership with ITFC through this facility. This financing will not only help boost cotton production but also create tangible impacts on rural livelihoods, strengthen value chains, and support the country’s sustainable economic growth. We look forward to the positive outcomes of this collaboration for Burkina Faso’s cotton sector and wider agriculture industry.”

    This signing is in line with the US$900 million Framework Agreement signed in May 2023 between ITFC and Burkina Faso. With this financing, ITFC continues to play a crucial role in supporting Burkina Faso’s agricultural sector and contributing to the country’s economic stability and agricultural productivity while advancing SDG Goal 1 “No Poverty” and SDG 2 “Zero Hunger”.

    Over the years, ITFC and the Republic of Burkina Faso have enjoyed a good and longstanding relationship with a total of US$3.3 billion approved in financing across 48 operations in Burkina Faso, mainly in the energy and agriculture sectors.

    MIL OSI Africa

  • MIL-OSI Africa: Premier Invest Deal Room Unveils $10B in African Energy Opportunities at Invest in African Energy (IAE) 2025

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

    PARIS, France, May 16, 2025/APO Group/ —

    The Invest in African Energy Forum in Paris featured a standout session this year with the Premier Invest Deal Room, a platform that spotlighted over $10 billion worth of oil, gas and renewable energy projects seeking investment across Africa and the broader energy frontier.

    “This is a platform to showcase interesting opportunities across Africa that we are advising on,” said Marcel Awasum, Head of Business Development for Premier Invest. “All of the deals we are advising on, we are also mobilizing capital for – from family offices to private equity in oil and gas – mostly from the Middle East, and some from Europe.”

    The session featured 17 active deals spanning upstream, midstream, trading and renewable segments, underscoring the breadth of investment potential across the African continent and beyond. One of the flagship opportunities was the development of a 200,000-barrel-per-day crude oil refinery, seeking $4.8 billion in combined equity and debt to meet growing regional demand for refined products. Another deal sought $50 million through a 360-day revolving letter of credit facility to support the import of refined petroleum products.

    Exploration and production prospects were also on the table, including a development project offering up to 40% participating interest to qualified investors, as well as an African oil and gas company seeking a $30 million capital injection, strategic partnership and offtake agreement to enhance its trade capacity and expand upstream.

    Refining featured prominently among the deals, with one project calling for €2-5 billion to expand national capacity – open to debt, equity and strategic partnerships. A separate opportunity involved a $25 million equity investment in a highly prospective offshore Guyanese block, offering first-mover advantage with an estimated 400 million barrels of recoverable reserves.

    Other ventures included the sale of a defunct Caribbean gas-to-liquids plant with a proven $50 million EBITDA when operational; an $18 million debt facility to drill additional wells in an active production field; and a fast-moving $360 million field development project already attracting soft commitments. The session also featured investment opportunities in the Republic of Congo, where a special purpose vehicle is seeking a co-investor for an M&A transaction involving producing assets; a $70 million fuel importation deal in Burundi; and a $200 million financing package to support the purchase of both crude and refined products in Ivory Coast.

    The session concluded with five renewable energy projects seeking over $725 million in investment. This included $362 million for a 70 MW geothermal project in Kenya, $92 million for a 71 MW hybrid solar PV and wind project in Zambia, $87 million for a 100 MW solar PV project in South Africa, and two clean-gas projects – one in Benin (43 MW) and another in South Africa (100 MW) – seeking $84 million and $100 million, respectively. 

    MIL OSI Africa

  • MIL-OSI USA: Welch, Moody, Baldwin Introduce Bipartisan Bill to Give Tax Relief to Victims of Fraud, Scams, Theft, and Disasters

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. – U.S. Senators Peter Welch (D-Vt.), Ashley Moody (R-Fla.), and Tammy Baldwin (D-Wis.) this week introduced the Tax Relief for Victims of Crimes, Scams, and Disasters Act, bipartisan legislation to give relief to those who have been victims of fraud, scams, thefts, accidents, and other personal casualty losses. The Senators’ bill would reinstate the tax deduction for personal casualty and theft losses and ensure victims of scams, robberies, storms, and fires do not have to pay taxes on stolen assets and further wipe out their hard-earned savings and financial security.  
    “It’s outrageous that folks scammed out of their life’s savings are hit with large tax bills.  I’m proud to introduce this bill to reinstate this important tax deduction to provide crucial financial relief to those victimized by scams and theft,” said Senator Welch. “Vermont experienced catastrophic floods in July of 2023 and 2024. We know firsthand that victims of floods, storms, and fires go through so much—the last thing they should worry about is being penalized for a natural disaster.”  
    “As hurricane season is around the corner, I will continue supporting policies that protect Floridians from scammers and fraudsters,” said Senator Moody. “My Tax Relief for Victims of Crimes, Scams and Disasters Act will provide commonsense tax relief for victims, often seniors, who have been financially devastated by scams, crimes or destruction from disasters. This legislation will help folks get back on their feet when they experience hardship. When I was Attorney General of Florida, I made sure to fight for Floridians who fell victim to scams, and I will continue bringing this fight to D.C. so that folks have the protections they need.” 
    “When Wisconsinites fall victim to a fraud or scam, the last thing they should have to worry about is being slapped with an unexpected tax bill once tax season rolls around,” said Senator Baldwin. “I am proud to work with my Republican and Democratic colleagues to introduce this commonsense bill to help make sure if someone is down and out, they have one less thing to worry about than being hit with a tax bill.” 
    “The Elder Justice Coalition commends Senators Baldwin, Moody and Welch for introducing the Tax Relief for Victims of Crimes, Scams, and Disasters Act,” said Bob Blancato, National Coordinator of the Elder Justice Coalition. “It is unconscionable that older scam victims who lose hundreds of thousands of dollars face the compounded misery of having to pay taxes on the money lost.  Scams are rampant in this nation and serve to exploit the most vulnerable older adults. We hope Senator Baldwin’s bill can be made part of a future tax package. Tax relief for scam victims is tax fairness.”  
    “The Financial Services Institute (FSI) is proud to support the Tax Relief for Victims of Crimes, Scams and Disasters Act,” said Dale Brown, President & CEO of Financial Services Institute. “Owing taxes on stolen retirement funds makes an already painful situation worse. Main Street Americans cannot afford to lose their life savings, which they rely upon for a financially secure retirement. This bill will provide some relief to victims and mitigate damages as they work with their trusted financial advisor to recover losses and regain their financial footing.” 
    “With widespread financial fraud and scams impacting many Americans’ retirement security and financial livelihoods, CFP Board enthusiastically supports this critical piece of legislation that would lessen the impact of financial loss. We look forward to seeing this bill get to the finish line,” said Erin Koeppel, Managing Director of Government Relations and Public Policy Counsel at CFP Board.  
    Until 2018, the federal government allowed victims of crimes and unexpected, uninsurable disasters to deduct these losses from their taxes with a provision called the Casualty and Theft Loss Deduction. Today, scam victims and homeowners are on the hook for tens or hundreds of thousands of dollars in federal taxes unless their misfortunes meet a narrow set of criteria.  
    The growing sophistication of cybercriminal networks has led to a rapid proliferation in fraud for the past five years. In 2024 alone, American taxpayers reported $16.6 billion in cyber fraud to the Federal Bureau of Investigation (FBI). The average victim of elder fraud lost $83,000. Natural disasters are also on the rise during a period of increasing insurance premiums and unexpected claim denials.  
    Without a reinstatement of the casualty and theft loss deduction, Americans who are victims of theft and non-federally declared disasters will continue to face hefty federal tax bills that the IRS is obligated to enforce. 
    The Tax Relief for Victims of Crimes, Scams, and Disasters Act:  
    Reinstates the tax deduction for personal casualty loss and provides retroactive coverage to taxpayers who suffered losses in the years that followed.  
    Ensures that victims who suffered losses since 2017 are able to file an amended tax return accounting for their personal casualty loss.  
    Companion legislation will be introduced in the U.S. House by Representatives Jamie Raskin (D-MD-08) and Greg Steube (R-FL-17). 
    The legislation is endorsed by the AARP, The Elder Justice Coalition, the National Association of Consumer Advocates, AICPA-CIMA, National Association of Enrolled Agents, National Association of Realtors, American Land Title Association, CFP Board, Investment Advisers Association, Financial Services Institute, Aspen Institute Financial Security Program, Association of Mature American Citizens, National Association of Government Defined Contribution Administrators, Operation Shamrock, and SPARK Institute. 
    As a member of the U.S. House of Representatives, Senator Welch voted against the 2017Republican tax bill, which repealed a tax deduction previously available to victims of scams, thefts, accidents, and other property casualty losses. In turn, reporting has revealed a pattern of Americans ending up with a tax bill after losing money through scams, thefts, and other similar events.   
    Learn more about the Tax Relief for Victims of Crimes, Scams, and Disasters Act. 
    Read and download the full text of the bill.  

    MIL OSI USA News

  • MIL-OSI USA: ICE Laredo, federal partners arrest 31 illegal aliens during a 1-day targeted worksite enforcement operation

    Source: US Immigration and Customs Enforcement

    LAREDO, Texas — U.S. Immigration and Customs Enforcement, in coordination with federal, state and local law enforcement agencies, conducted a targeted worksite enforcement operation at a business and two construction sites in South Texas. The one-day operation, aimed at bolstering public safety, resulted in the arrest of 31 individuals for immigration-related violations.

    During the operation, ICE Homeland Security Investigations conducted records checks and found that several of those arrested had prior criminal convictions. Offenses included aggravated criminal sexual assault, bodily harm, possession of a controlled substance, probation violations, evading arrest, transporting noncitizens, domestic violence/strangulation, terroristic threats against family or household members, possession of prohibited weapons in a weapons-free zone, unauthorized use of a vehicle, and evading arrest or detention in the United States.

    The individuals arrested were citizens of Mexico, Honduras and El Salvador, and illegally present in the United States. All have been transferred to ICE custody and are pending removal proceedings.

    Federal law requires employers to verify the identity and employment eligibility of all individuals they hire, using the Employment Eligibility Verification Form I-9. ICE uses the I-9 inspection program to promote compliance with these requirements, as part of a broader strategy to address and deter the employment of unauthorized workers. These inspections are among the federal government’s most effective tools to enforce U.S. employment laws.

    HSI’s worksite enforcement strategy includes leveraging the agency’s full range of investigative capabilities. Worksite investigations often uncover additional criminal activity such as alien smuggling, human trafficking, money laundering, document fraud, worker exploitation, and substandard wages or working conditions.

    This investigation was conducted by HSI with support from ICE Enforcement and Removal Operations; the Drug Enforcement Administration; the Bureau of Alcohol, Tobacco, Firearms and Explosives; U.S. Border Patrol; U.S. Customs and Border Protection’s Office of Field Operations; CBP Air and Marine Operations; the Webb County Sheriff’s Office; the Zapata County Sheriff’s Office; and the Laredo Police Department.

    Members of the public can report crimes or suspicious activity by calling the ICE Tip Line at 866-DHS-2-ICE (866-347-2423) or by completing the online tip form.

    For more information about HSI San Antonio and its public safety efforts in Central and South Texas, follow HSI San Antonio on X at @HSI_SanAntonio.

    MIL OSI USA News

  • MIL-OSI USA: ICYMI: Governor Stein Announces More Than 700 New Jobs Coming to North Carolina

    Source: US State of North Carolina

    Headline: ICYMI: Governor Stein Announces More Than 700 New Jobs Coming to North Carolina

    ICYMI: Governor Stein Announces More Than 700 New Jobs Coming to North Carolina
    lsaito

    Raleigh, NC

    This week Governor Josh Stein and the North Carolina Department of Commerce announced two new economic development projects, bringing more than 700 jobs to North Carolina. Genentech and Prolec GE build on North Carolina’s strong reputation in the life sciences and advanced manufacturing industries. Governor Stein and Secretary Lee Lilley also attended the Select USA Investment Summit in Maryland to highlight North Carolina’s attractive business environment and encourage companies to expand their operations in the state.

    “I am excited to see that more than 700 new jobs are coming to North Carolina,” said Governor Josh Stein. “Companies recognize that our strong economy and talented workforce are an asset to their operations, and that is why they are eager to invest here.”

    “Genentech and Prolec GE’s investments in North Carolina demonstrate our state’s high-powered business climate,” said Commerce Secretary Lee Lilley. “Our state’s investments in our workforce and infrastructure are paying off, and companies see the value in calling North Carolina home.” 

    Governor Stein announced this week that Genentech, one of the world’s premier biotechnology companies, will invest $700 million to build a new manufacturing plant in Holly Springs, creating 420 jobs. The average salary for new positions will be $119,833 as compared to the average wage in Wake County of $76,643, although wages vary depending on the position. This project is expected to grow North Carolina’s economy by more than $3 billion. For every dollar the state invests it is projected to receive $3.30 in state revenue. 

    The Governor also announced that Prolec-GE Waukesha, Inc., one of the nation’s largest manufacturers of power transformers, will add 330 new jobs as it invests $140 million to build a second manufacturing facility in Goldsboro. This project will build a new state-of-the-art manufacturing plant at the company’s existing site to support a growing demand for power grid capacity across the country. Although wages vary by position, the average salary for new positions will be $71,912. This project is expected to grow North Carolina’s economy by more than $1.05 billion. For every dollar the state invests it is projected to receive $2.06 in state revenue.

    Governor Stein is committed to creating a North Carolina that is safer and stronger with opportunity for everyone. North Carolina was recently ranked in the top 10 states for economy and growth by U.S. News and World Report, with the 7th best economy and the 5th best growth in the nation. The Governor’s budget proposal seeks to continue that progress by investing $256 million in workforce development and including free community college for students pursuing credentials in high-demand fields. In 2025, the State of North Carolina has announced more than 2,600 new jobs facilitated by grants and incentives. 

    May 16, 2025

    MIL OSI USA News

  • MIL-OSI: Bitcoin Breaks $100K — BexBack Launches 100% Deposit Bonus to Help Traders Seize the Volatility with 100x Leverage, No KYC Required

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 16, 2025 (GLOBE NEWSWIRE) — As Bitcoin prices soar past the historic $100,000 mark and global tariff tensions ease, market sentiment has turned decisively bullish. Analysts now predict a period of heightened volatility, where massive price swings are expected. For traders seeking to amplify their returns during this phase, high-leverage derivatives have become the preferred tool — and BexBack is leading the way.

    What Is 100x Leverage and Why It Matters Now?

    In simple terms, 100x leverage means a trader can control $100,000 worth of crypto with just $1,000 in capital. During periods of volatility, even a 1% price move can result in 100% profit or loss — providing a powerful tool for seasoned traders to maximize upside with minimal capital.

    Example: If BTC moves from $100,000 to $101,000 (a 1% increase)

    • With $1,000 and 100x leverage, you control 1 BTCProfit = $1,000
    • With $1,000 spot investment, you hold 0.01 BTC → Profit = $10

    However, with higher potential rewards come higher risks, so proper risk management is essential.

    Double Your Capital with BexBack’s 100% Deposit Bonus

    To help traders unlock the full potential of leveraged trading, BexBack is offering a 100% deposit bonus:

    • Deposit 0.001 BTC or 100 USDT or more
    • Submit a bonus request
    • Instantly receive the same amount in bonus funds, usable as trading margin
    • Bonus funds cannot be withdrawn, but profits generated from them can be fully withdrawn

    This gives traders a bigger buffer against liquidation and the ability to open larger positions with the same capital.

    Why Trade Futures on BexBack?

    BexBack has rapidly gained popularity among crypto traders due to its innovative features and user-friendly approach:

    • 100x leverage on 50+ crypto contracts including BTC, ETH, SOL, XRP, ADA, and more
    • Zero spread & no slippage — execute trades at the price you see
    • No KYC required — register instantly with just an email
    • $50 Welcome Bonus for new users who deposit(Deposit greater than 0.001 BTC) and complete their first trade
    • Demo account with 10 BTC or 1M USDT virtual funds
    • Global access, 24/7 multilingual support, and mobile/web compatibility

    Who Is BexBack?

    BexBack is a next-generation cryptocurrency derivatives exchange headquartered in Singapore, with offices in Hong Kong, Japan, the U.S., and the U.K. It currently serves over 500,000 users worldwide. With its focus on speed, security, simplicity, and trader empowerment, BexBack is becoming the platform of choice for traders looking to profit in both bull and bear markets.

    Don’t Miss the Moment — Trade the Bull Run with Power

    If you’ve been waiting to enter the market or scale your trading, now is the time. With Bitcoin surpassing $100K and volatility on the rise, BexBack gives you the tools to trade fast, trade smart, and trade big — all with unmatched flexibility.

    Register today, claim your 100% deposit bonus and $50 welcome bonus, and experience the adrenaline of high-leverage crypto futures trading.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.

    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/73f0f943-b3d1-4704-81c9-7d34d1b89461

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4d6b1a9c-f30b-4199-9c98-7e506c337f44

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4dd67d09-2355-464b-88ba-b2268f670d0b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/df470d7f-840e-4646-930d-6149f0297a7e

    https://www.globenewswire.com/NewsRoom/AttachmentNg/0f50e696-bf42-41e1-b97e-0ae60370dfee

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fe424fb9-64b3-4277-8289-e1fa9b89a410

    The MIL Network

  • MIL-OSI Economics: Coinbase’s S&P 500 inclusion sparks optimism among influencers about cryptocurrency future, reveals GlobalData

    Source: GlobalData

    Coinbase’s S&P 500 inclusion sparks optimism among influencers about cryptocurrency future, reveals GlobalData

    Posted in Business Fundamentals

    Coinbase Global Inc. has garnered significant attention among social media influencers in the middle of May 2025, following the announcement of its upcoming inclusion in the S&P 500 index, marking the first instance of a cryptocurrency company being represented in this widely followed market benchmark. The shift from niche status to institutional recognition reflects a broader trend of digital assets gaining traction within established financial frameworks. Influencers widely regard this development as a pivotal endorsement of the cryptocurrency sector’s legitimacy and its progressive integration into mainstream financial markets, reveals the Social Media Analytics Platform of GlobalData, a leading data and analytics company.

    Shreyasee Majumder, Social Media Analyst at GlobalData, comments: “The overall sentiment remains notably optimistic, with influencers expressing strong confidence in Coinbase’s strategic positioning and long-term potential. Several influencers interpret Coinbase’s milestone as indicative of the broader technological disruption reshaping traditional finance.”

    Below are a few popular influencer opinions captured by GlobalData’s Social Media Analytics Platform:

    1. Jason Yanowitz, Co-Founder at Blockworks:

    “Coinbase is now the first crypto company in the S&P. My favorite line: “Since going public… Coinbase has become a bigger part of the U.S. financial system” It makes me happy knowing that starting Monday, even people who despise crypto will now own a piece of the industry.”

    1. Nick Tomaino, Founder at 1confirmation:

    “Coinbase now in the S&P 500 stacking ETH with its L2. Robinhood acquired an L2 that hasn’t launched yet. Every serious dev and company thinking about app chains. Now watch the VC chains all pivot to an L2 strategy.”

    1. Simon Taylor, Head of Strategy & Content at Sardine:

    “Let’s unpack what this actually means:1. Institutional adoption just hit warp speed Every S&P 500 index fund must now buy Coinbase shares. Vanguard, BlackRock, Fidelity all buy crypto exposure through the index.”

    1. Aftab Hossain, Private Cryptocurrency Investor:

    “Coinbase joining the S&P 500 will spur a new wave of interest in crypto and they’re all going to see that Coinbase is building the future of their business on Ethereum, and hold ETH as a substantial treasury asset but it’s probably nothing…”

    MIL OSI Economics

  • MIL-OSI Canada: Current events: New river feature at the legislature

    Source: Government of Canada regional news (2)

    MIL OSI Canada News

  • MIL-OSI United Kingdom: Life sciences consultancy picks Birmingham for new Research Centre of Excellence

    Source: City of Birmingham

    Life sciences consultancy Cambridge Healthcare Research has chosen Birmingham as the location for its new Research Centre of Excellence, where it plans to create up to 40 research analyst roles.

    • Life sciences consultancy Cambridge Healthcare Research picks Birmingham as the location for its new Research Centre of Excellence, where it plans to create up to 40 research analyst roles by the end of 2025.
    • New facility at The Lewis Building in Birmingham’s city centre officially opened by Councillor John Cotton, Leader of Birmingham City Council.
    • Investment reinforces region’s rise as a dynamic investment alternative to traditional life sciences ‘golden triangle’ of London, Oxford and Cambridge.

    The new facility at The Lewis Building in Birmingham’s City Centre was officially opened by Councillor John Cotton, Leader of Birmingham City Council.

    Cambridge Healthcare Research’s new Research Centre of Excellence will focus on delivering strategic research projects for a range of UK and international clients operating within the life sciences sector. The facility represents the consultancy’s first office outside of Cambridge and London, reinforcing the West Midlands’ growing reputation as a diverse and dynamic life sciences investment hub. The region’s thriving life sciences sector incorporates a diverse, static population of 4.7 million, four medical schools and the West Midlands Health Tech Innovation Accelerator [WMTHIA], which recently received £4 million additional funding for 2025/26.

    The region will seek to capitalise on the growth potential of its life sciences cluster through its flagship Investment Zone. In particular, the 210-hectare Birmingham Knowledge Quarter [B-KQ] will build on the region’s globally recognised strengths in diagnostics, digital and data-driven healthcare, providing a centre of excellence for advanced manufacturing aligned to health and life sciences.

    Matteo Perucchini, CEO at Cambridge Healthcare Research, said:

    “Combining a deep STEM talent pool, unrivalled connectivity and affordable office space, Birmingham ticked all our boxes when it came to selecting a location for our first office outside of the traditional life sciences ‘golden triangle’.

    “We’re looking forward to contributing to the rise of the West Midlands’ life sciences ecosystem while delivering exceptional research projects for our clients from our new Birmingham base.”

    The West Midlands Growth Company [WMGC] – the region’s official investment promotion agency – supported the investment.

    Councillor John Cotton, Leader of Birmingham City Council, said:

    “From companies advancing pioneering drug development to manufacturers of next-generation medical devices, Birmingham has established a reputation as an attractive destination for life sciences focused occupiers.

    “As the region’s vision for Birmingham Knowledge Quarter gathers pace, its offer to healthcare innovators will strengthen even further, with companies like Cambridge Healthcare Research exemplifying the innovation taking place here.

    “It’s brilliant to be welcoming another new and enterprising company to our city, which will help boost the economy and create jobs for local people.”

    MIL OSI United Kingdom

  • MIL-OSI Security: Four Dominican Nationals Indicted for Drug Conspiracy Involving Fentanyl and Crack Cocaine

    Source: Office of United States Attorneys

    BOSTON – A federal grand jury in Boston has indicted four Dominican nationals residing in Lawrence, Mass., on drug charges.

    Juana Luduvina Aguasvivas, 66, Richard Arias-Aguasvivas, 38, Ariel Ruiz, 31, and Yonelin Baez Soto, 30, are charged with conspiracy to distribute and possess with intent to distribute controlled substances. Arias-Aguasvivas, Ruiz and Baez were also charged with distribution of and possession with intent to distribute fentanyl and/or crack cocaine. All four defendants are scheduled to appear in federal court in Boston on May 29, 2025.

    According to the charging documents, in April 2021, an investigation began into a drug trafficking organization operating in Lawrence that was supplying fentanyl, cocaine base and cutting agents to customers. Between April 2021 and February 2025, investigators conducted controlled purchases, during which Aguasvivas, Arias-Aguasvivas, Ruiz and Baez collectively sold more than 800 grams of fentanyl, more than 80 grams of crack cocaine and copious amounts of cutting agents.

    In May 2025, Baez pleaded guilty to one count of unlawful reentry and is scheduled to be sentenced on those charges on Aug. 6, 2025.

    Arias-Aguasvivas, Ruiz and Baez each face at least 10 years and up to life in prison, at least five years and up to a lifetime of supervised release and a $10 million fine. Aguasvivas faces at least five years and up to 40 years in prison, at least four years and up to a lifetime of supervised release and a $5 million fine. The defendants are subject to deportation upon completion of any sentence imposed. Sentences are imposed by a federal district court judge based upon on the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.  

    United States Attorney Leah B. Foley and Kimberly Milka, Acting Special Agent in charge for the Federal Bureau of Investigations, Boston Division made the announcement today. Valuable assistance was provided by the Massachusetts State Police, Essex County District Attorney’s Office, North Andover Police Department, Billerica Police Department, Lowell Police Department, Haverhill Police Department, Methuen Police Department, Internal Revenue Service and Homeland Security Investigations. Assistant U.S. Attorney Annapurna Balakrishna of the Criminal Division is prosecuting this case. 

    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 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 and Project Safe Neighborhood.

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

    MIL Security OSI

  • MIL-OSI: Eightco Announces First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Quarter Driven by Focus on Deploying Capital into the Refurbished Apple Products Business and Prioritizing Financial Stability for Long-Term Growth

    • First quarter 2025 revenue growth of 25% to $9.9mn compared to $8.0mn for the prior year quarter, due to focus on refurbished apple products sales
    • First quarter 2025 operating loss of $1.4mn, a reduction of 55% compared to an operating loss of $3.2mn for the prior year quarter, due to lower SG&A and absence of restructuring and severance expenses in the first quarter of 2025

    Easton, PA, May 16, 2025 (GLOBE NEWSWIRE) — Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced financial results for the three months ended March 31, 2025.

    Paul Vassilakos, CEO of Eightco and President of Forever 8 Fund, LLC, the Company’s primary operating subsidiary (“Forever 8”), stated “In order to improve our cost structure to deliver long-term value to shareholders, we continue to reduce operating costs and address selling and administrative expenses. Our goal is to remain on this path to further support the Company’s growth as it continues to explore funding options.”

    Mr. Vassilakos continued, “Our current operations provide the infrastructure to significantly scale revenues with a relatively modest increase in expenses. I continue to witness substantial progress within Eightco and believe our accomplishments provide a strong foundation to scale revenues rapidly. The demand for our inventory capital, especially in the refurbished apple products business, continues to underscore the value we believe we can bring to clients. We have now emerged from a transformative period, where I am confident in our ability to accelerate growth and drive sustained success for Eightco and our stakeholders.”

    Financial Highlights and Commentary

    Reallocation of capital back into the refurbished apple products business resulted in revenue growth. This also resulted in a reduction in gross margins from 8.2% for the first quarter of 2025, compared to 17.5% in the first quarter of 2024. The Company also saw a 28% decrease in selling, general and administrative expenses this quarter compared to the prior year quarter, which helped in improving operating losses of $1.4mn compared to a $3.2mn loss in the first quarter of 2024.

    • First quarter 2025 revenues of $9.9mn representing a 25% improvement on the first quarter 2024 revenue of $8.0mn
    • First quarter 2025 gross profit of $0.8mn compared to a gross profit $1.4mn in the first quarter of 2024
    • First quarter 2025 gross profit margin of 8.2%, compared to 17.5% in the first quarter of 2024, due to shift in product mix back into cell phones
    • A 55% improvement in operating losses, down to a $1.4mn loss in the first quarter of 2025, compared to a $3.2mn loss in the first quarter of 2024
    • First quarter 2025 SG&A of $2.2mn, down 29% from $3.1mn in the first quarter of 2024, as a result of continued streamlining and operating costs reduction across all areas of the business
    • First quarter 2025 net loss of $2.5mn compared to a net income of $1.9mn in the first quarter of 2024
    • First quarter 2025 Adjusted EBITDA loss from continuing operations of $0.8mn, compared to Adjusted EBITDA loss from continuing operations of $1.2mn for the first quarter of 2024
        For the Three Months Ended
        March 31,
        2025     2024  
    Revenues, net   9,913,987     7,958,697  
    Cost of revenues   9,100,728     6,569,687  
    Gross profit   813,259     1,389,010  
             
    Operating expenses:        
    Selling, general and administrative expenses   2,229,425     3,127,943  
    Restructuring and severance       1,414,838  
    Total operating expenses   2,229,425     4,542,781  
    Operating loss   -1,416,166     -3,153,771  
             
    Non-operating income (expense):        
    Interest income (expense), net   -1,288,804     -1,198,771  
    Gain on forgiveness of earnout       6,100,000  
    Other income   21,898     26,677  
    Total non-operating income (expense)   -1,266,906     4,927,906  
             
    Net income (loss) before income tax expense   -2,683,072     1,774,135  
             
    Income tax expense (benefit)   -28,793      
             
    Net income (loss) from continuing operations   -2,654,279     1,774,135  
    Net income from discontinued operations, net of tax   105,553     166,828  
    Net income (loss)   -2,548,725     1,940,963  
    Net loss attributable to non-controlling interest       -12  
    Net income (loss) attributable to Eightco Holdings Inc.   -2,548,725     1,940,975  
             
             
        For the Three Months Ended
        March 31,
        2025     2024  
    Net income (loss)   (2,654,279 )   1,774,135  
    Interest (income) expense, net   1,288,804     1,198,771  
    Gain on forgiveness of interest        
    Income tax expense   -28,793      
    Depreciation and amortization   574,642     556,299  
    EBITDA   (819,626 )   3,529,205  
    Stock-based compensation   0     0  
    Loss on issuance of warrants        
    Restructuring       1,414,838  
    Gain on extinguishment of liabilities       -6,100,000  
    Adjusted EBITDA   (819,626 )   (1,155,957 )


    Reconciliation of EBITDA and Adjusted EBITDA

    EBITDA and Adjusted EBITDA are non-GAAP performance measures. Management believes EBITDA and Adjusted EBITDA, in addition to operating profit, net (loss) income and other GAAP measures, are useful to investors to evaluate the Company’s results because they exclude certain items that are not directly related to the Company’s core operating performance. Investors should recognize that EBITDA and Adjusted EBITDA might not be comparable to similarly-titled measures of other companies. These measures should be considered in addition to, and not as a substitute for or superior to, any measure of performance prepared in accordance with GAAP.

    Reconciliations of the non-GAAP measures used in this press release are included in the table below. Because GAAP financial measures on a forward-looking basis are not accessible, and reconciling information is not available without unreasonable effort, we have not provided reconciliations for forward-looking non-GAAP measures. Items excluded to arrive at forward-looking non-GAAP measures may have a significant, and potentially unpredictable, impact on our future GAAP results.

    A reconciliation of EBITDA and Adjusted EBITDA to the most directly comparable GAAP measure in accordance with SEC Regulation G as above.

    About Eightco

    Eightco (NASDAQ: OCTO) is committed to growth of its subsidiaries, made up of Forever 8, an inventory capital and management platform for e-commerce sellers, and Ferguson Containers, Inc., a provider of complete manufacturing and logistical solutions for product and packaging needs, through strategic management and investment. In addition, the Company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions. Through a combination of innovative strategies and focused execution, Eightco aims to create significant value and growth for its portfolio companies and stockholders.

    For additional information, please visit www.8co.holdings

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward looking. Words such as “plans,” “expects,” “will,” “anticipates,” “continue,” “expand,” “advance,” “develop” “believes,” “guidance,” “target,” “may,” “remain,” “project,” “outlook,” “intend,” “estimate,” “could,” “should,” and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management’s current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: Eightco’s ability to maintain compliance with the Nasdaq’s continued listing requirements; unexpected costs, charges or expenses that reduce Eightco’s capital resources; Eightco’s inability to raise adequate capital to fund its business; Eightco’s inability to innovate and attract users for Eightco’s products; future legislation and rulemaking negatively impacting digital assets; and shifting public and governmental positions on digital asset mining activity. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco’s actual results to differ from those contained in forward-looking statements, see Eightco’s filings with the Securities and Exchange Commission (the “SEC”), including in its Annual Report on Form 10-K filed with the SEC on April 15, 2025. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.

    For further information, please contact:
    Investor Relations
    investors@8co.holdings

    The MIL Network

  • MIL-OSI: Mercurity Fintech’s Subsidiary Grows Cross-Border Business Advisory Services with New Asia-Pacific Healthcare Client Engagement

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, May 16, 2025 (GLOBE NEWSWIRE) — Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (NASDAQ: MFH), a digital fintech group, today announced that its wholly-owned subsidiary, Chaince Securities, Inc. (“Chaince Securities”), has secured a new engagement to serve as corporate advisor for a prominent Asia-Pacific healthcare company seeking strategic access to U.S. capital markets.

    Growing Cross-Border Advisory Practice

    Chaince Securities leverages its expertise in executing complex cross-border transactions for international companies seeking to access the U.S. capital market. This corporate advisory engagement reflects Chaince Securities’ commitment to cross-border advisory mandates.

    Cross-Border Business Advisory Service Capabilities

    Chaince Securities offers comprehensive cross-border business advisory services, such as:

    • Strategic planning and execution support for the listing process
    • U.S. regulatory and exchange compliance coordination
    • Capital market positioning and investor outreach
    • Coordination with legal, auditing, and underwriting teams to support a seamless listing process

    “We are honored to serve as a trusted cross-border advisor in this important transaction,” said Shi Qiu, CEO of Mercurity Fintech Holding. “This mandate demonstrates the strength of our advisory platform and validates our commitment to supporting innovative companies as they expand their footprint into U.S. capital markets. Our growing track record establishes Chaince Securities as the go-to partner for Asian companies seeking strategic access to U.S. investors and capital.”

    About Mercurity Fintech Holding Inc.

    Mercurity Fintech Holding Inc. (NASDAQ: MFH) is a fintech group powered by blockchain infrastructure, offering technology and financial services. Through its subsidiaries including Chaince Securities, LLC, MFH aims to bridge traditional finance and digital innovation, offering services spanning digital assets, financial advisory, and capital markets solutions.

    Forward-Looking Statements

    This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

    Contacts:

    International Elite Capital Inc.
    Vicky Chueng
    Tel: +1(646) 866-7928
    Email: mfhfintech@iecapitalusa.com

    The MIL Network

  • MIL-OSI United Nations: 16 May 2025 Departmental update Neglected tropical diseases centre-stage at the Seventy-eighth World Health Assembly

    Source: World Health Organisation

    Sunday 18 May 2025 10:30−13:30
     
    Restaurant Vieux-Bois, Avenue de la Paix 12
    Snakebite envenoming : reaching our 2030 targets
     
    Host: Ministry of Health, Kenya
    The objective of this meeting is to build visibility for snakebite on the global health agenda
     
    Sunday 18 May 2025
    17:30−19:30
     
    Restaurant Vieux-Bois, Avenue de la Paix 12
     
     
    Shared progress: how collaborative philanthropy can accelerate country-led health goals
     
    Host: Mohammed bin Zayed Foundation for Humanity
    Under the theme Shared Progress: How Collaborative Philanthropy Can Accelerate Country-led Health Goals, the reception will convene country representatives; global health leaders; philanthropic organizations; and multilaterals to discuss how countries and donors can work collaboratively to forge new pathways for global health progress. 
    Monday 19 May 2025
    13:00−14:30
     
    Centre d’Accueil de la Genève Internationale (CAGI), La Pastorale, Route de Ferney 106
    Protecting Progress: Integration for Infectious Disease Elimination in a Shifting Geopolitical Landscape
     
    Host: Global Institute for Disease Elimination (GLIDE)
    The global health landscape is undergoing tectonic shifts, driven largely by the recent significant changes in traditional donor priorities. This, compounded by ongoing challenges of climate change and humanitarian crises threatens to erode decades of progress in eliminating preventable infectious diseases such as malaria, polio, and neglected tropical diseases (NTDs). Given this new reality, integration—both across disease programs and within broader health and development efforts—has never been more urgent.
    Tuesday 20 May 2025
    08:00−10:00
     
    Hôtel Royal, Rue de Lausanne 41
    Health financing : what now ? What next? Insights from malaria, dengue & NTDs
     
    Hosts: Health Finance Coalition (HFC); Malaria No More; and the International Society for Neglected Tropical Diseases (ISNTD)
    The world is witnessing major shifts in the global health landscape. Among these, the decrease in donor funding for climate-sensitive infectious and tropical diseases on the one hand, and the explosive growth of health threats such as arboviruses including dengue, as well as the persistent threat of malaria and Neglected Tropical Diseases (NTDs) on communities worldwide are likely to be among the most defining factors of future health policy.
    Tuesday 20 May 2025 17:00−19:00
     
    Pavillon Gallatin, Domaine de Penthes, Route de Pregny 26
    5 Billion Mectizan Treatments Donated and Counting
     
    Hosts: Mectizan Donation Program, Task Force for Global Health
    The event will celebrate the tremendous progress made towards the elimination of onchocerciasis and lymphatic filariasis, notably the 5 billion ivermectin (Mectizan) treatments that have been donated. Since 1987 MSD and the Mectizan Donation Program have provided Mectizan to eliminate onchocerciasis and lymphatic filariasis worldwide.
    Tuesday 20 May 2025 18:00−20:00
     
    Hôtel Président Wilson, Quai Wilson 47
    Skin diseases as a global public health priority
     
    Hosts: International Alliance of Dermatology Patient Organizations (GlobalSkin), International League of Dermatology Societies (ILDS), Anesvad Foundation, Health Diplomacy Alliance
    The event will discuss the importance of addressing skin diseases as a public health problem, and will provide critical discussions on the groundbreaking WHA resolution, “Skin Diseases as a Global Health Priority”.
    Wednesday 21 May 2025
    08:00−09:30
     
    Restaurant Vieux-Bois, Avenue de la Paix 12
     
    Strengthening Strategic Partnerships to fight VBDs, NTDs, and Emerging Infectious Diseases
     
    Hosts: Japan Pharmaceutical Manufacturers Assoc. (JPMA), Permanent Mission of Japan, IFPMA
    As the field of global health undergoes significant transformation, we aim to raise global awareness of the challenges and solutions related to infectious diseases such as VBDs, NTDs, and emerging infectious diseases that have long affected LMICs. As part of this effort, we would like to overview the progress made and the challenges we face, as well as showcase strategic initiatives/contributions in this field by governments, private sector and international organizations
    Wednesday 21 May 2025
    09:00−13:30
     
    Campus Biotech Innovation Park, Avenue de Sécheron 15
    Economics of elimination and NTDs
     
    Host: Global Institute for Disease Elimination (GLIDE)
    The event will initiate an International Economics Working Group (IEWG) dialogue, share current work, and explore collaboration on the economics of elimination and neglected tropical diseases.
    Wednesday 21 May 2025
    12:00−15:00
     
    Geneva Press Club,
    Domaine de Penthes,
    Chemin de l’Impératrice 18
    Accelerating NTD elimination through country-driven efforts and cross-border collaboration
     
    Hosts: Global Onchocerciasis Network for Elimination (GONE), African Union, END Fund, DNDi
     
    Member State Leadership: Cameroon, Chad, Djibouti, Eritrea, Ethiopia, Kenya, Niger, Nigeria, Senegal, Somalia, South Sudan, Sudan, Tanzania, Uganda
    The purpose of the meeting is to share progress and celebrate successes of NTD elimination milestones, share cross-border collaboration examples, celebrate the endorsement of cross-border agreements and a Call for Action which will inspire and further enhance cross-border and multi-disease collaboration to accelerate progress towards global disease elimination targets. Ministers of Health of Chad, Djibouti, Eritrea, Ethiopia, Kenya, Somalia, South Sudan, Sudan and Uganda will sign a MoU to End VL in Africa. The event will stress the importance of country ownership and strategies to reach NTD public health target and to mitigate the risk of losing the gains made over the past decades, highlighting the opportunity of the implementation of the proposed resolution on skin diseases at WHA78. A signature of an MoU for Visceral Leishmaniasis in East African countries will take place during the ceremony.
    Wednesday 21 May 2025 18:00−20:00
     
    Hõtel Royal, Rue de Lausanne 41
    Roundtable dinner: The Future of Funding for NTDs
     
    Hosts: The END Fund, DEVEX
    The event will be hosted by Kate Warren EVP and Executive Editor, Devex and Dr Solomon Zewdu, CEO, The END Fund. The roundtable dinner will bring together a select group of 10–12 senior stakeholders from the private sector, philanthropy, global health, policy and international financing organizations to engage in meaningful dialogue , enabling key decision-makers to share insights, align priorities and identify actions to accelerate progress in combating NTDs. Roundtable dinner: The Future of Funding for NTDS
    Wednesday 21 May 2025 18:30−19:30
     
    Colladon Parc Restaurant,
    Chemin Colladon 5,
    Petit-Saconnex
    Reception for countries endemic for dracunculiasis (Guinea-worm disease) and in pre-certification Guinea
     
    Hosts: Ministry of Health, Chad and The Carter Center
    The reception will be an occasion to celebrate the tremendous progress toward eradication, rally behind the WHA Resolution being voted on, reflect on commitments made in the Abu Dhabi Declaration and N’Djamena Commitment, and look ahead to what remains to achieve Guinea worm eradication by the year 2030.
    Wednesday 21 May 2025 18:30−20:30
     
    The International Red Cross & Red Crescent Museum, Geneva, Avenue de la Paix 17
    “A seat at the table” – art installation
     
    Hosts: Gilead Sciences, Harvard Medical School Center for Primary Care Program in Global Primary Health Care, International Alliance of Patient Organizations (IAPO) and UNAIDS
    Frontline AIDS in collaboration with the Female Genital Schistosomiasis Integration Group (FIG), Education as a Vaccine, Alliance for Public Health, and LVCT Health will contribute artwork to this important event. It will feature stories and an art installation that bring the importance of people-centered care into focus— addressing the imbalance of power in which people with lived experience of disease are too often left out of health system decision-making.
    Wednesday 21 May 2025 18:30−21:00
     
    Hôtel Mandarin Oriental,
    Quai Turrettini 1
    Ministerial summit: REACH network
     
    Hosts: Nigeria, REACH Network (Chairs: Minister Muhammad Ali Pate [Nigeria] and Professor Samba Sow [former Minister of Health, Mali])
    The event is convened to reinforce ministerial commitment from existing REACH countries and expand the network’s impact by engaging potential new member countries. It will emphasize integrated, equitable and evidence-driven child survival strategies, particularly mass drug administration of azithromycin
    Thursday 22 May 2025
    08:00−10:00
     
    Hôtel Président Wilson,
    Quai Wilson 47
    Surveillance and innovation for dengue & arboviruses: international unity to avert future health emergencies
     
    Host: the International Society for Neglected Tropical Diseases
    The event will focus on updates on the progression of the arboviral threat worldwide (dengue, chikungunya, yellow fever, Oropouche fever), will provide a platform for Member States to make statements on arboviruses experiences and collaborative surveillance strategies, will enable discussions among participants, will serve as a forum for exchange of best practices and networking among participants
    Thursday 22 May 2025
    12:00−14:00
     
    Hôtel Intercontinental,
    Chemin du Petit-Saconnex 7−9
    Innovation Meets Unity: Advancing Global Health Solutions for Africa
     
    Host: Merck KGaA, Circle Diplomatique Genève
    Global health leadership discussion to discuss diminished engagement with multilateral institutions which has resulted in weakened health systems in Africa and diminished international support

    MIL OSI United Nations News

  • MIL-OSI Security: Two Gang Members from Lowell Sentenced for Trafficking Methamphetamine Pills

    Source: Office of United States Attorneys

    Defendants sold thousands of counterfeit “Adderall” pills supplied by the Asian Boyz gang

    BOSTON – Two members of the Asian Boyz gang have been sentenced in federal court in Boston for trafficking homemade imitations of the pharmaceutical drug, Adderall, containing methamphetamine.

    Erickson Dao, a/k/a “Silent,” 32, of Lowell, was sentenced by U.S. District Court Judge Nathaniel M. Gorton to 85 months in prison, to be followed by four years of supervised release. . In January 2025, Dao pleaded guilty to one count of conspiracy to distribute and to possess with intent to distribute 50 grams and more of methamphetamine and one count of possession with intent to distribute 500 grams and more of cocaine. Bill Phim, a/k/a “Bonez,” 37, also of Lowell, was sentenced by Judge Gorton to 10 years in prison, to be followed by five years of supervised release. In February 2025, Phim pleaded guilty to two counts of conspiracy to distribute and to possess with intent to distribute 500 grams and more of methamphetamine and two counts of distribution of and possession with intent to distribute 50 grams and more of methamphetamine.  

    A long-term investigation proved that Asian Boyz gang members and associates allegedly had access to a plentiful supply of counterfeit methamphetamine pills marketed as “Adderall.” These pills were similar in shape, size and appearance to genuine Adderall. On 12 different dates in 2022, Phim sold these counterfeit “Adderall” pills to an undercover agent. In total, Phim sold the undercover agent over 10,000 pills for more than $36,000.

    Dao was identified as one of Phim’s suppliers of the methamphetamine pills. Between February 2022 and April 2022, Dao delivered the counterfeit pills to Phim on at least five occasions. Phim then sold the pills to an undercover federal agent for more than $11,000. Chemical testing confirmed that the pills were a dangerous compound of methamphetamine and caffeine. When investigators searched Dao’s residence, they discovered thousands more counterfeit “Adderall” pills and large quantities of cocaine.

    In other drug transactions with the undercover officer, Phim admitted that he coordinated the supply of methamphetamine pills with other Asian Boyz gang members and associates, including Brian Gingras, a/k/a “Cheech.” Between May 2022 and September 2022, Gingras met Phim prior to the planned deals to personally deliver the pills. Gringas pleaded guilty in January 2025 and is scheduled to be sentenced on June 4, 2025. 
     
    U.S. Attorney Leah B. Foley; Kimberly Milka, Acting Special Agent in Charge of the Federal Bureau of Investigation, Boston Division; and Superintendent Gregory C. Hudon of the Lowell Police Department made the announcement. Valuable assistance was provided by the Massachusetts State Police and the Billerica, Haverhill, North Andover and Salem Police Departments. Assistant U.S. Attorney Fred M. Wyshak, III of the Organized Crime & Gang Unit is prosecuting the case.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce gun violence and other violent crime, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results. For more information about Project Safe Neighborhoods, please visit https://www.justice.gov/PSN.

    This case is also 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 in the case is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI

  • MIL-OSI Security: Florida Pharmacy Pleads Guilty to Health Care Fraud and Agrees to Pay More Than $1 Million Settlement

    Source: Office of United States Attorneys

    BOSTON – On May 13, 2025, a Florida-based pharmacy, OHM Pharmacy Services, aka “Benzer,” aka “Auburndale,” pleaded guilty to one count of health care fraud and was sentenced to one year of probation and ordered to pay restitution of $82,000. As part of the global resolution, Benzer also agreed to pay $1,018,000 to resolve False Claims Act violations.

    According to OHM’s admissions in the global resolution of criminal charges and civil claims, the pharmacy dispensed Evzio, one of several naloxone products on the market indicated for use on an emergent basis in the case of opioid overdose. Due to Evzio’s high price, insurers (including Medicare Part D plans) frequently required that health care providers submit prior authorization requests before they approved coverage. OHM completed prior authorization forms in place of prescribing physicians, and in some instances OHM personnel signed the prior authorization forms without the physician’s authorization and submitted information to insurers that made it appear as though a physician, and not OHM, was submitting the information. Moreover, OHM also submitted prior authorization requests to insurers, including Medicare Part D plans, that contained false information. For example, OHM staff filled out and submitted dozens of Evzio prior authorization request forms that falsely asserted that patients had previously tried and failed to successfully use Narcan or naloxone.  

    In connection with the resolution, Benzer entered into an integrity agreement (IA) with the U.S. Department of Health & Human Services Office of Inspector General (HHS-OIG). The IA requires, among other things, that Benzer implement measures to ensure that its submission of claims for pharmaceutical products complies with applicable law relating to prior authorizations.  

    The civil settlement concludes the government’s resolution of claims brought under the qui tam or whistleblower provisions of the False Claims Act by a former employee of kaleo Inc., Evzio’s manufacturer. The qui tam case is captioned United States ex rel. Socol v. Benzer Pharmacy Holding, LLC, et al., No. 18-cv-10050-RGS (D. Mass.). As part of the civil resolution, the whistleblower will receive $285,040 of the civil settlement amount.  

    In 2021, the U.S. Attorney’s Office announced settlements with kaléo Inc. for $12.7 million and with other pharmacies for $1 million relating to their submission of false claims for Evzio. In 2022, the U.S. Attorney’s Office announced a $1.31 million deferred prosecution agreement and civil settlement with another pharmacy.

    United States Attorney Leah B. Foley; Kim Milka, Acting Special Agent in Charge of the Federal Bureau of Investigation, Boston Division; Roberto Coviello, Special Agent in Charge, Health and Human Services-Office of Inspector General; the Department of Defense Criminal Investigative Service; Office of Personnel Management, Office of Inspector General; and the U.S. Postal Service Office of the Inspector General made the announcement.

    The matter was handled by Assistant U.S. Attorney Abraham R. George, Chief of the Civil Division, Assistant U.S. Attorney Mackenzie A. Queenin, Chief of the Health Care Fraud Unit and Assistant U.S. Attorney Lauren A. Graber, Deputy Chief of the Narcotics and Money Laundering Unit.
     

    MIL Security OSI

  • MIL-OSI Security: Everett Man Pleads Guilty to Sex Trafficking Four Victims

    Source: United States Department of Justice (Human Trafficking)

    BOSTON – An Everett man pleaded guilty today in federal court in Boston to four counts of an indictment charging him with sex trafficking four separate female victims.   

    Trevor Jones, 47, pleaded guilty to four counts of sex trafficking by force, fraud, or coercion. U.S. District Court Judge Allison D. Burroughs scheduled sentencing for Aug. 12, 2025. In May 2023, Jones was indicted by a federal grand jury. Jones was arrested on related state charges on March 23, 2023 and has remained in state custody since.

    According to the charging documents, from at least 2016 until 2023, Jones ran a sex trafficking operation targeting victims who were suffering from substance use disorder. As part of his sex trafficking operation, Jones provided his victims with controlled substances, including heroin, fentanyl and cocaine to intensify their drug dependance and gain their compliance, while prohibiting the victims from obtaining controlled substances from other sources. Jones demanded “loyalty” and “dedication” from his victims. He allegedly enforced his requirements by punishing victims with acts of violence, threats of violence and withholding controlled substance from drug-dependent victims. As outlined in court, Jones beat one victim with a belt causing bruising throughout her body. When confronted with the injuries he caused, Jones told the victim that she deserved the abuse. Jones was verbally abusive toward another victim, locking her out of the house, demanding to know where her “loyalty” was and berating her for not “contributing everything” she was making. Another victim experienced degradation from Jones, with him telling her that she needed to “make daddy proud” and scolding her for being “disobedient.”

    The charge of sex trafficking by force, fraud, or coercion provides for a mandatory minimum sentence of 15 years and up to life in prison, at least five years of supervised release and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    United States Attorney Leah B. Foley; Kimberly Milka, Acting Special Agent in Charge of the Federal Bureau of Investigation, Boston Division; Colonel Geoffrey D. Noble, Superintendent of the Massachusetts State Police; and Essex County District Attorney Paul F. Tucker made the announcement today. Valuable assistance was provided by the Revere, Arlington and Boston Police Departments. Assistant U.S. Attorney Elizabeth Riley, Chief of the Human Trafficking & Civil Rights Unit and Assistant United States Attorney Torey B. Cummings of the Human Trafficking and Civil Rights Unit are prosecuting the case along with Essex County Assistant District Attorneys Jessica Strasnick and Marina Moriarty, who were sworn in as Special Assistant United States Attorneys.

    MIL Security OSI

  • MIL-OSI: Precious Metals & Critical Minerals Hybrid Investor Conference Agenda Announced for May 22nd

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the Precious Metals & Critical Minerals Hybrid Virtual Investor Conference. Individual investors, institutional investors, advisors, and analysts are invited to attend.

    This in-person and virtual event will showcase live company presentations and interactive discussions featuring Precious Metals and Critical Minerals including Gold, Silver, Antimony, Copper, Lithium, Nickel, PGM, Rare Earth Elements, Uranium and Vanadium.   Company executives and industry experts will present live from the OTC Markets Group headquarters at 300 Vesey Street in New York City. All presentations will be broadcast to the Virtual Investor Conferences community. For those who are interested in attending, there are two ways to register:

    Register for IN-PERSON attendance: register here
            
    Register for ONLINE attendance: register here

    For individuals joining online, it is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to attend and schedule 1×1 meetings with management.

    “OTC Markets is proud to host the Precious Metals & Critical Minerals Hybrid Investor Conference, presented in collaboration with Murdock Capital, TAA Advisory LLC, The Prospector, and Resource World,” said John Viglotti, SVP of Corporate Services, Investor Access at OTC Markets Group. “We are especially honored to welcome our distinguished keynote speakers, Jeff Christian, Managing Partner at CPM Group, and Jack Lifton, Senior Advisor at Energy Fuels, Inc., whose insights will be invaluable to this premier industry event.”

    May 22nd

    To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

    About Virtual Investor Conferences®

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

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

    Media Contact: 
    OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

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

    The MIL Network

  • MIL-OSI: Medallion Bank Announces Pricing of Series G Preferred Stock Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) — Medallion Bank (Nasdaq: MBKNP), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today that it has priced a public offering of 3,000,000 shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, par value $1.00 per share, with a liquidation amount of $25 per share (the “Series G Preferred Stock”) and an aggregate liquidation amount of $75 million.

    Dividends will accrue on the liquidation amount of $25 per share of the Series G Preferred Stock at a fixed rate per annum equal to (i) 9.00% from the original issue date of the Series G Preferred Stock to, but excluding, July 1, 2030, and (ii) from and including July 1, 2030, at a rate equal to the five-year U.S. Treasury rate plus 4.94% per annum. Dividends will be payable in arrears on January 1, April 1, July 1 and October 1 of each year, commencing October 1, 2025. In each case, dividends will be paid only when, as and if declared by the board of directors of Medallion Bank (or a duly authorized committee of the board) and to the extent Medallion Bank has legally available funds to pay dividends.

    Medallion Bank’s Series G Preferred Stock is expected to trade on the Nasdaq Capital Market under the ticker symbol “MBNKO.” The underwriters have also been granted a 30-day option to purchase up to an additional 450,000 shares of the Series G Preferred Stock solely to cover over-allotments, if any. Medallion Bank will remain a wholly owned subsidiary of Medallion Financial upon completion of the offering.

    Medallion Bank intends to use the net proceeds from this offering for general corporate purposes, which may include, among other things, increasing Medallion Bank’s capital levels, growing its consumer loan portfolios or redeeming some or all of its outstanding Series F Non-Cumulative Perpetual Preferred Stock (the “Series F Preferred Stock”), subject to the prior approval of the Federal Deposit Insurance Corporation. The offering is expected to close on May 22, 2025, subject to customary closing conditions.

    Piper Sandler & Co. and Lucid Capital Markets, LLC are acting as joint book-running managers. A.G.P./Alliance Global Partners, B. Riley Securities, Inc., InspereX LLC, Ladenburg Thalmann & Co. Inc., Muriel Siebert & Co., LLC, Wedbush Securities Inc., and William Blair & Company, L.L.C. are acting as lead managers.

    The offering of the Medallion Bank’s Series G Preferred Stock is exempt from the registration requirements of the Securities Act of 1933 pursuant to Section 3(a)(2) of that Act and will be made only by means of an offering circular. This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. The securities are neither insured nor approved by the Federal Deposit Insurance Corporation or any other Federal or state regulatory body.

    The preliminary offering circular relating to the offering is available at medallionbankoffering.com. In addition, copies of the preliminary offering circular may also be obtained from: Piper Sandler & Co.; Attn: Debt Capital Markets, 1 Greenwich Plaza, 1st Floor, Suite 111, Greenwich, CT 06830, or by email at fsg-dcm@psc.com.

    About Medallion Bank

    Medallion Bank specializes in providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners. The Bank works directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a Utah-chartered, FDIC-insured industrial bank headquartered in Salt Lake City and is a wholly owned subsidiary of Medallion Financial Corp.

    This press release contains “forward-looking statements”, which reflect Medallion Bank’s current views with respect to future events and which address matters that are, by their nature, inherently uncertain and beyond Medallion Bank’s control. These statements are often, but not always, made through the use of words or phrases such as “expect” and “intend” or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. These statements relate to the offering of shares of the Series G Preferred Stock, the anticipated use of the net proceeds by Medallion Bank and the grant to the underwriters of an option to purchase additional shares of the Series G Preferred Stock. No assurance can be given that the transaction discussed above will be completed on the terms described, or at all, or that Medallion Bank will decide to redeem its Series F Preferred Stock or, if it does, the amount to be redeemed and the timing of redemption and required regulatory approval. Completion of the offering on the terms described, including the grant of the option to the underwriters, and the application of net proceeds, are subject to numerous conditions, many of which are beyond the control of Medallion Bank. Medallion Bank undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For a description of certain risks to which Medallion Bank is or may be subject, please refer to the factors discussed under the headings “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors,” in Medallion Bank’s Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2025.

    This press release does not constitute a notice of redemption with respect to the Series F Preferred Stock. If Medallion Bank decides to redeem the Series F Preferred Stock, it intends to announce its decision by press release and an appropriate notice of redemption during the applicable notice window.

    Company Contact:
    Investor Relations
    212-328-2176
    InvestorRelations@medallion.com

    The MIL Network

  • MIL-OSI: insightsoftware Launches Spreadsheet Server Integration with Infor M3 Cloud, Accelerating Self-Service Reporting in Excel

    Source: GlobeNewswire (MIL-OSI)

    RALEIGH, N.C., May 16, 2025 (GLOBE NEWSWIRE) — insightsoftware, the most comprehensive provider of solutions for the Office of the CFO, today announced Spreadsheet Server from insightsoftware now integrates with the Infor M3 Cloud ERP platform. This integration empowers finance teams in manufacturing and distribution to build and refresh reports directly in Excel – eliminating manual work, streamlining reporting cycles, and enabling faster, more confident decision making.

    With over 2,000 customers in manufacturing and distribution, Spreadsheet Server is designed to streamline financial reporting. Now with Lineos, AI powered by insightsoftware, Spreadsheet Server enhances productivity by surfacing trends and identifying data anomalies. It provides finance professionals with accurate, actionable insights on operations including inventory, sales, orders, invoices, and vendor performance.

    “Finance teams live in Excel, and getting real-time data from other systems has always been a challenge that slows down reporting, analysis, and decision making,” said John Miller, VP, Product Management, ERP Reporting & BI at insightsoftware. “By embedding AI into a tool finance relies on and integrating with a commonly used cloud-based ERP, insightsoftware is removing friction and giving teams immediate access to deeper, more actionable insights. We make it easier for finance professionals to get the information they need, right in the tools they love and use every day.”

    With Spreadsheet Server, finance teams can seamlessly access Infor data in Excel and build reports using the skills they already have—without relying on IT, manually configuring data in a browser, or second-guessing outdated numbers. This translates to faster cash flow visibility, more accurate insights into operations, and less time spent cleaning data. Instead of chasing numbers, finance professionals can focus on driving performance and strategic value.

    Discover practical solutions for overcoming common reporting challenges for Infor ERP users by watching Five Effective Strategies for Infor ERP Reporting Challenges.

    About insightsoftware
    insightsoftware is a global provider of comprehensive solutions for finance, accounting, and operations teams. We believe an actionable business strategy begins and ends with accessible data. With solutions across business intelligence, embedded analytics, data integration, and data management, we transform how enterprises operate with data; be that of application, data, IT and product teams, as well as independent software vendors (ISVs) for their customers. We bring data and insights anywhere, with an emphasis on seamless integration, customization, and composability. With data at the heart of everything we do, we enable product teams to drive decision intelligence, improve customer retention and engagement, and monetize data through self-service analytics. Learn more at insightsoftware.com.

    Media Contacts
    Inkhouse for insightsoftware
    insightsoftware@inkhouse.com

    Daniel Tummeley
    Corporate Communications Manager
    PR@insightsoftware.com

    The MIL Network

  • MIL-OSI: Nutanix Announces Updates to its Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    New Board Member Eric K. Brandt Brings Extensive Leadership and Finance Experience to Nutanix Board

    David Humphrey Resigns from Nutanix Board

    SAN JOSE, Calif., May 16, 2025 (GLOBE NEWSWIRE) — Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, announced today that it has added Eric K. Brandt to its board of directors, effective May 15, 2025.

    “Eric brings deep expertise in both CEO and CFO roles across a variety of industries. His long-term service on boards of public companies also gives him a richness of experience from which Nutanix is sure to benefit,” said Virginia Gambale, Chair of the Board at Nutanix. “I look forward to serving with him together on the Nutanix board as the company continues to focus on driving sustainable, profitable growth while providing customers with a single platform for running applications and managing data, anywhere.”

    Brandt is a seasoned executive and board director with more than 30 years of global experience spanning finance, operations, and corporate governance. He served as Chief Financial Officer of Broadcom Corporation from 2007 until it was acquired by Avago Technologies Limited in 2016, where he played a pivotal role in the company’s growth into one of the world’s largest semiconductor firms. Prior to that, he held senior executive positions, including President and CEO of Avanir Pharmaceuticals, Inc. and Chief Financial Officer of Allergan, Inc. Brandt currently serves on the boards of Gen Digital Inc., Lam Research Corporation, The Macerich Company, and Option Care Health, Inc. He previously served on the boards of Altaba Inc. and DENTSPLY SIRONA Inc., among others. He holds a B.S. in Chemical Engineering from the Massachusetts Institute of Technology and an M.B.A. from Harvard Business School.

    Additionally, David Humphrey resigned from Nutanix’s board of directors, effective May 15, 2025. Humphrey, a Partner at Bain Capital, joined the Nutanix Board as part of Bain Capital’s $750 million investment in September 2020. Following Humphrey’s resignation, Max de Groen, another Partner at Bain Capital, will continue to serve as a member of Nutanix’s board of directors.

    “We thank David for the constructive engagement, guidance and expertise that he brought to the board during a period of significant transformation and growth for Nutanix,” said Gambale. “We are grateful for his valuable contributions and the investment of service he has made over the past four years.”

    “Since Bain Capital’s investment in September 2020, Nutanix has grown substantially, evolved into a hybrid multicloud leader, and scaled its profits and cash flows significantly. We are impressed by the company’s performance and believe it has significant opportunity ahead as well,” said Humphrey. “Bain Capital remains a significant stockholder of Nutanix and continues to value its partnership with Nutanix,” added de Groen. “I look forward to my continued service on the Nutanix Board.”

    About Nutanix

    Nutanix is a global leader in cloud software, offering organizations a single platform for running applications and managing data, anywhere. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively. Learn more at www.nutanix.com or follow us on social media @nutanix.

    © 2025 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo, and all Nutanix product and service names mentioned herein are registered trademarks or unregistered trademarks of Nutanix, Inc. (“Nutanix”) in the United States and other countries. All other brand names or marks mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This press release is for informational purposes only and nothing herein constitutes a warranty or other binding commitment by Nutanix. This release contains express and implied forward-looking statements. Such statements are not historical facts and are instead based on Nutanix’s current expectations, estimates and beliefs. The accuracy of such statements involves risks and uncertainties and depends upon future events, including those that may be beyond Nutanix’s control, and actual results may differ materially and adversely from those anticipated or implied by such statements. Any forward-looking statements included herein speak only as of the date hereof and, except as required by law, Nutanix assumes no obligation to update or otherwise revise any of such forward-looking statements to reflect subsequent events or circumstances.

    Investor Contact:

    Richard Valera
    ir@nutanix.com

    Media Contact: Jennifer Massaro
    pr@nutanix.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6fcb69a5-92eb-43fd-b900-5322ebf501cc

    The MIL Network

  • MIL-OSI: Rate Welcomes Mike Buffler to Expand Mortgage Access for Entertainment Clients

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 16, 2025 (GLOBE NEWSWIRE) — Rate, a leader in fintech mortgage solutions, today announced the addition of Mike Buffler to its team of expert loan originators. With more than 13 years of experience in the entertainment banking industry, Buffler brings specialized knowledge in serving high-net-worth clients, including athletes and musicians.

    Buffler joins Rate to offer his clients broader access to home financing options. “Unlike traditional banks that often offer a limited range of products, my goal is to provide access to a wide variety of mortgage solutions tailored to each client’s unique circumstances,” said Buffler. “I believe that every borrower, regardless of their wealth status, requires expert advice and guidance when financing a home.”

    “Through my work with athletes and entertainers, I have had the privilege of advising borrowers and their management teams on how to incorporate leverage into their wealth strategies effectively,” continued Buffler. “It is fulfilling to see an athlete retire or a musician return from touring, knowing they are returning to a home financed not out of necessity, but as part of a well-considered, strategic plan—one that ensures their financial future is built on a solid foundation.”

    Buffler joins Rate to leverage the company’s broad loan product offerings and deliver flexible, strategic mortgage solutions to his uniquely qualified clients nationwide.

    “We are thrilled to welcome Mike Buffler to the Rate family,” said Jeff Nelson, Chief Production Officer-East. “With over a decade of mortgage lending expertise specializing in the sports and entertainment industry, Mike brings unparalleled knowledge and passion to our team.”

    About Rate

    Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans and refinances. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Honors and awards include: Top 5 Mortgage Lender by Inside Mortgage Finance for 2024; Best Mortgage Lender for First-Time Homebuyers by NerdWallet for 2023; HousingWire’s Tech100 award for the company’s industry-leading FlashClose℠ digital mortgage platform in 2020, MyAccount in 2022, and Language Access Program in 2023; the most Scotsman Guide Top Originators for 11 consecutive years; Chicago Agent Magazine’s Lender of the Year for seven consecutive years; and Chicago Tribune’s Top Workplaces list for seven straight years. Visit rate.com for more information.

    Media Contact:
    press@rate.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/75758699-67d1-494a-a17c-fda2d452ee2e

    The MIL Network

  • MIL-OSI: Onfolio Holdings Inc. Announces First Quarter 2025 Financial Results and Provides Corporate Update

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Del., May 16, 2025 (GLOBE NEWSWIRE) — Onfolio Holdings Inc. (NASDAQ: ONFO, ONFOW) (OTC: ONFOP) (“Onfolio” or the “Company”), a company that primarily acquires and manages a portfolio of digital marketing and online education businesses, announces financial results for the first quarter ended March 31st 2025.

    Financial Highlights

    • First quarter revenue increased 77% to $2.81M vs. $1.58M in the prior year period and increased 12.8% from $2.49M in Q4 of 2024
    • First quarter gross profit increased 70% to $1.7M vs. $1M in the prior year period and increased 28% from $1.32M in Q4 of 2024
    • First quarter total operating expenses increased 71% to $2.49M vs. $1.45M in the prior year period and increased 23% from $2.01M in Q4 of 2024
    • First quarter net loss increased 72% to $0.80M vs. $0.47M in the prior year period and vs. a $0.14M gain in Q4 of 2024
    • Cash at 3/31/25 was $0.67M vs. $0.48M at 12/31/24

    “We substantially increased our revenue and gross profit during the first quarter of 2025. Our cash used in operations decreased to $0.14M, reflecting improvements in both operational discipline and revenue contribution,” said Onfolio Holdings CEO Dominic Wells.

    “While our net loss increased from $0.47M in Q1 2024, to $0.80M in Q1 2025, $0.27M of this was stock-based-compensation, most of which was a one-time expense, as well as $0.17M in higher amortization expense compared to the prior year. Taking these non-cash increases into account, our net loss improved year-on-year. During the first quarter of 2025, we continued our effort to improve operations within our portfolio companies, which has resulted in reduced cost, better efficiency, a renewed focus on organic growth and the development of new services.

    “During the first quarter of 2025, we also raised non-dilutive capital through the sale of our Series A Preferred Shares, which have consistently paid a 12% annual dividend for over four years. The additional capital was primarily used to strengthen our balance sheet and prepare for our next acquisition.

    “We remain highly focused on continued organic growth within our core digital marketing and online education business units and are pursuing strategic acquisitions to strengthen those businesses.

    “If we continue to execute well on our organic and strategic growth initiatives, we could achieve profitability during the second half of 2025,” concluded Dominic Wells.

    About Onfolio Holdings

    Onfolio Holdings acquires controlling interests in and actively manage small online businesses that we believe (i) operate in sectors with long-term growth opportunities, (ii) have positive and stable cash flows, (iii) face minimal threats of technological or competitive obsolescence and (iv) can be managed by our existing team or have strong management teams largely in place. Through the acquisition and growth of a diversified group of online businesses with these characteristics, we believe we offer investors in our shares an opportunity to diversify their own portfolio risk. Visit www.onfolio.com for more information.

    Forward-Looking Statements

    The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continues,” “estimates,” “projects,” “intends,” and similar expressions. Examples of forward-looking statements include, among others, statements we make regarding expected operating results, such as revenue growth and earnings, and strategy for growth and financial results.

    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: general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, those events and factors described by us in Item 1A “Risk Factors” in our most recent Form 10-K and 10Q; other risks to which our Company is subject; other factors beyond the Company’s control. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Onfolio Holdings, Inc.
    Consolidated Balance Sheets
     
          March 31       December 31  
          2025       2024  
                     
    Assets                
    Current Assets:                
    Cash   $ 666,115     $ 476,874  
    Accounts receivable, net     688,763       755,804  
    Inventory     47,027       65,876  
    Prepaids and other current assets     200,763       138,007  
    Total Current Assets     1,602,668       1,436,561  
                     
    Intangible assets     3,022,099       3,323,211  
    Goodwill     4,203,145       4,210,557  
    Fixed Assets     4,707       5,135  
    Due from related party     128,385       126,530  
    Investment in unconsolidated joint ventures, cost method     213,007       213,007  
    Investment in unconsolidated joint ventures, equity method     269,140       268,231  
    Other assets     3,495       9,465  
                     
    Total Assets   $ 9,446,646     $ 9,592,697  
    Liabilities and Stockholders Equity                
                     
    Current Liabilities:                
    Accounts payable and other current liabilities   $ 1,018,752     $ 969,068  
    Dividends payable     105,468       100,797  
    Notes payable, current     526,010       702,634  
    Notes Payable – Related Party, current           400,000  
    Contingent consideration     308,943       981,591  
    Deferred revenue     654,971       589,913  
    Total Current Liabilities     2,614,144       3,744,003  
                     
    Notes payable     790,000       450,000  
    Notes payable – related parties     1,049,000       1,049,000  
    Due to joint ventures – long term            
    Total Liabilities     4,453,144       5,243,003  
                     
    Commitments and Contingencies                
                     
    Stockholders’ Equity:                
    Preferred stock, $0.001 per value, 5,000,000 shares authorized                
    Series A Preferred stock, $0.001 par value, 1,000,000 shares authorized, 165,260 and 134,460 issued and outstanding at March 31, 2025 and December 31, 2024     165       134  
    Common stock, $0.001 par value, 50,000,000 shares authorized, 5,127,395 issued and outstanding at March 31, 2025 December 31, 2024     5,128       5,128  
    Additional paid-in capital     23,459,650       22,316,751  
    Accumulated other comprehensive income     97,152       68,105  
    Accumulated deficit     (19,976,595 )     (19,078,287 )
    Total Onfolio Inc. stockholders equity     3,585,500       3,311,831  
    Non-Controlling Interests     1,408,002       1,037,863  
    Total Stockholders’ Equity     4,993,502       4,349,694  
                     
    Total Liabilities and Stockholders’ Equity   $ 9,446,646     $ 9,592,697  
                     
    The accompanying notes are an integral part of these consolidated financial statements  
       
    Onfolio Holdings, Inc.
    Consolidated Statements of Operations
     
             
        For the Three Months Ended March 31,
        2025   2024
             
             
    Revenue, services   $ 1,796,595     $ 723,551  
    Revenue, product sales     1,015,348       863,351  
    Total Revenue     2,811,943       1,586,902  
                     
    Cost of revenue, services     1,016,860       366,706  
    Cost of revenue, product sales     87,963       215,860  
    Total cost of revenue     1,104,823       582,566  
                     
    Gross profit     1,707,120       1,004,336  
                     
    Operating expenses                
    Selling, general and administrative     2,221,346       1,185,184  
    Professional fees     237,905       180,190  
    Acquisition costs     33,410       94,341  
    Impairment of goodwill and intangible assets            
    Total operating expenses     2,492,661       1,459,715  
                     
    Loss from operations     (785,541 )     (455,379 )
                     
    Other income (expense)                
    Equity method income (loss)     909       (5,154 )
    Dividend income     2,250        
    Interest income (expense), net     (100,720 )     (17,720 )
    Other income     4,983       427  
    Gain on change in fair value of contingent consideration     54,173        
    Impairment of investments            
    Gain on sale of business            
    Total other income     (38,405 )     (22,447 )
                     
    Loss before income taxes     (823,946 )     (477,826 )
                     
    Income tax (provision) benefit     17,518        
                     
    Net loss     (806,428 )     (477,826 )
                     
    Net loss attributable to noncontrolling interest     12,041       664  
    Net loss attributable to Onfolio Holdings Inc.     (794,387 )     (477,162 )
                     
    Preferred Dividends     (103,921 )     (81,645 )
    Net loss to common shareholders   $ (898,308 )   $ (558,807 )
                     
    Net loss per common shareholder                
    Basic and diluted   $ (0.18 )   $ (0.11 )
                     
    Weighted average shares outstanding                
    Basic and diluted     5,127,395       5,107,395  
                     
    The accompanying notes are an integral part of these consolidated financial statements  
       
    Onfolio Holdings, Inc.
    Consolidated Statements of Stockholders’ Equity
    For the Three Months Ended March 31, 2025 and 2024
     
        Preferred Stock,
    $0.001 Par value
      Common Stock,
    $0.001 Par Value
       Additional    Accumulated   Accumulated
    Other
       Non    Stockholders’ 
        Shares   Amount   Shares   Amount   Paid-In Capital   Deficit   Comprehensive
    Income
      Controlling
    Interest
      Equity
                                         
    Balance, December 31, 2024     134,460     $ 134       5,127,395     $ 5,128     $ 22,316,751     $ (19,078,287 )   $ 68,105     $ 1,037,863     $ 4,349,694  
                                                                 
    Sale of preferred stock for cash     28,000       28                   699,972                         700,000  
    Preferred stock and common stock options issued for payment of contingent consideration     2,800       3                   169,997                         170,000  
    Stock-based compensation                             272,930                         272,930  
    Payment of note payble by NCI                                                             400,000       400,000  
    Preferred dividends                                   (103,921 )                 (103,921 )
    Foreign currency translation                                         29,047             29,047  
    Distribution to non-controlling interest                                                             (17,820 )     (17,820 )
    Net loss                                   (794,387 )           (12,041 )     (806,428 )
                                                                             
    Balance, March 31, 2025     165,260       165       5,127,395       5,128       23,459,650       (19,976,595 )     97,152       1,408,002       4,993,502  
                                                                             
    Balance, December 31, 2023     92,260       93       5,107,395       5,108       21,107,311       (16,957,854 )     182,465             4,337,123  
                                                                             
    Acquisition of Business     17,000       17                   484,983                   126,000       611,000  
    Sale of preferred stock for cash     400                         10,000                         10,000  
    Stock-based compensation                             17,887                         17,887  
    Preferred dividends                                   (81,645 )                 (81,645 )
    Foreign currency translation                                         (39,134 )             (39,134 )
    Distribution to non-controlling interest                                                      
    Net loss                                   (477,826 )           (664 )     (478,490 )
                                                                             
    Balance, March 31, 2024     109,660     $ 110       5,107,395     $ 5,108     $ 21,620,181     $ (17,517,325 )   $ 143,331     $ 125,336     $ 4,376,741  
                                                                             
    The accompanying notes are an integral part of these consolidated financial statements
     
    Onfolio Holdings, Inc.
    Consolidated Statements of Cash Flows
    For the Three Months Ended March 31, 2025 and 2024
     
             
          2025       2024  
                     
    Cash Flows from Operating Activities                
    Net loss   $ (806,428 )   $ (477,826 )
    Adjustments to reconcile net loss to net cash provided by operating activities:                
    Stock-based compensation expense     272,930       17,887  
    Equity method loss (income)     (909 )     5,154  
    Dividends received from equity method investment            
    Amortization of intangible assets     301,112       125,219  
    Depreciation expense     428          
    Impairment of intangible assets            
    Change in FV of contingent consideration     (54,173 )      
    Net change in:                
    Accounts receivable     67,041       (33,681 )
    Inventory     18,849       117  
    Prepaids and other current assets     (56,786 )     (81,328 )
    Accounts payable and other current liabilities     49,684       (33,390 )
    Due to joint ventures     (1,855 )     3,557  
    Deferred revenue     65,058       34,284  
    Due to related parties           9,000  
                     
    Net cash used in operating activities     (145,049 )     (431,007 )
                     
    Cash Flows from Investing Activities                
    Cash paid to acquire businesses           (240,000 )
    Investments in unconsolidated entities           (10,000 )
    Investment in cryptocurrency            
    Net cash used in investing activities           (250,000 )
                     
    Cash Flows from Financing Activities                
    Proceeds from sale of Series A preferred stock     700,000       10,000  
    Proceeds from exercise of stock options            
    Payments of preferred dividends     (99,250 )     (70,122 )
    Distributions to non-controlling interest holders     (17,820 )      
    Proceeds from notes payable           350,000  
    Payments on note payables     (176,624 )     (25,743 )
    Payments on acquisition note payables            
    Proceeds from notes payable – related parties            
    Payments on note payables – related parties            
    Payments on contingent consideration     (108,475 )      
                     
    Net cash provided by financing activities     297,831       264,135  
                     
    Effect of foreign currency translation     36,459       (35,612 )
                     
    Net Change in Cash     189,241       (452,484 )
    Cash, Beginning of  Period     476,874       982,261  
                     
    Cash, End of Period     666,115     $ 529,777  
                     
    Cash Paid For:                
    Income Taxes   $     $  
    Interest   $ 100,720     $ 18,360  
                     
    Non-cash transactions:                
    Preferred dividends accrued   $ 103,921     $ 81,645  
    Notes payable issued for asset acquisitions   $     $ 440,000  
    Preferred stock issued for acquisitions   $     $ 425,000  
    Settlement of contingent consideration   $ 510,000     $  
    Non-controlling interest issued for settlement of note payable   $ 400,000     $  
                     
    The accompanying notes are an integral part of these consolidated financial statements         

    The MIL Network

  • MIL-OSI: FRO – Invitation to Q1 2025 Results Conference Call and Webcast

    Source: GlobeNewswire (MIL-OSI)

    Frontline plc.’s preliminary first quarter 2025 results will be released on Friday May 23, 2025, and a webcast and conference call will be held at 3:00 p.m. CET (9:00 a.m. U.S. Eastern Time). The results presentation will be available for download from the Investor Relations section at www.frontlineplc.cy ahead of the conference call.

    In order to attend the conference call you may do one of the following:

    a. Webcast
    Go to the Investor Relations section at www.frontlineplc.cy and follow the “Webcast” link, or access directly from the link below.

    Frontline plc Q1 2025 Webcast

    b. Conference Call
    Participants will need to register online prior to the conference call via the link below. Dial-in details will be available when registered.             

    Frontline plc Q1 2025 Conference Call

    A Q&A session will be held after the teleconference/webcast. Information on how to submit questions will be given at the beginning of the session.

    The presentation material which will be used in the teleconference/webcast can be downloaded from https://www.frontlineplc.cy/

    This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

    The MIL Network

  • MIL-OSI: MicroAlgo Inc. Announces a Quantum Entanglement-Based Novel Training Algorithm — Entanglement-Assisted Training Algorithm for Supervised Quantum Classifiers

    Source: GlobeNewswire (MIL-OSI)

    shenzhen, May 16, 2025 (GLOBE NEWSWIRE) — Shenzhen, May. 16, 2025––MicroAlgo Inc. (the “Company” or “MicroAlgo”) (NASDAQ: MLGO), today announced the development of a novel quantum entanglement-based training algorithm — the Entanglement-Assisted Training Algorithm for Supervised Quantum Classifiers. They also introduced a cost function based on Bell inequalities, enabling the simultaneous encoding of errors from multiple training samples. This breakthrough surpasses the capability limits of traditional algorithms, offering an efficient and widely applicable solution for supervised quantum classifiers.
    The core of MicroAlgo’s entanglement-assisted training algorithm for supervised quantum classifiers lies in leveraging quantum entanglement to construct a model capable of simultaneously operating on multiple training samples and their corresponding labels. Unlike traditional machine learning methods, quantum classifiers can not only process information from individual samples but also perform parallel processing of multiple samples in quantum states, thereby significantly enhancing training efficiency.
    The algorithm represents multiple training samples as qubit vectors using quantum superposition, and encodes their label information into quantum states through quantum gate operations. Due to the entangled relationships between qubits, the classifier can simultaneously operate on multiple samples at once. This characteristic breaks away from the conventional sample-by-sample processing paradigm, greatly improving both training speed and classification performance.
    Furthermore, the algorithm introduces a cost function based on Bell inequalities—an important theorem in quantum mechanics that highlights the distinction between quantum entanglement and classical information processing. By encoding classification errors of multiple samples simultaneously into the cost function, the optimization process is no longer limited to individual sample errors but instead considers the collective performance of multiple samples. This approach overcomes the local optimization issues common in traditional algorithms and significantly enhances classification accuracy.
    The implementation of MicroAlgo’s entanglement-assisted training algorithm for supervised quantum classifiers relies on several core components of current quantum computing technology: qubits, quantum gate operations, and quantum measurement. With these fundamental building blocks, the algorithm can efficiently process input data on a quantum computer.
    Representation and Initialization of Qubits: at the initial stage of the algorithm, the input training samples are transformed into qubits. Each training sample corresponds to one or more qubits, which are initialized into specific quantum states. To enable entanglement, entangling operations are performed between multiple qubits so that they can collaboratively process sample data in the subsequent steps.
    Construction of Quantum Entanglement: quantum entanglement is one of the core features of quantum computing. In this algorithm, training samples are arranged into an entangled state, meaning that information between samples is shared and processed through entanglement. This not only improves data processing efficiency but also accelerates convergence during the training process.
    Application of Bell Inequalities and Cost Function Optimization: a key application of quantum entanglement is in the use of Bell inequalities. In the algorithm, Bell inequalities are employed to construct the cost function, with the objective of minimizing classification errors. Unlike traditional methods, this cost function simultaneously accounts for errors from multiple samples, allowing the optimization process to focus on the collective performance of all samples rather than optimizing on a per-sample basis. Through rapid quantum algorithmic computation, the cost function can be efficiently minimized to achieve optimal classification results.
    Interpretation and Output of Classification Results: finally, the algorithm outputs the classification results through quantum measurement. In binary classification tasks, the input training samples are divided into two categories, while in multi-class tasks, they are assigned to multiple classes. The advantage of quantum computing lies in its parallel processing capability, enabling the system to complete complex classification tasks in a significantly shorter amount of time.
    The greatest advantage of this technology lies in its ability to leverage the unique properties of quantum entanglement to parallelize the training process across multiple training samples. This not only accelerates the training speed but also effectively enhances classification accuracy. Especially in problems involving large datasets, traditional methods often face computational bottlenecks, whereas quantum computing can easily overcome these limitations.
    In addition, the cost function based on Bell’s inequality is theoretically more robust than traditional error minimization methods. It can simultaneously handle the errors of multiple training samples, thereby avoiding the local optimum problems that may occur in conventional approaches. This makes the supervised quantum classifier particularly effective in complex classification tasks.
    However, quantum computing still faces many challenges. For instance, the stability and computational scale of quantum computers remain limiting factors. The number of qubits and their error rates can both impact the practical performance of the algorithms. Therefore, how to implement efficient algorithms on existing quantum computing platforms remains a technical hurdle that needs further breakthroughs.
    With the continuous advancement of quantum computing technology, quantum machine learning is bound to become a key direction for future technological innovation. The entanglement-assisted training algorithm of the MicroAlgo supervised quantum classifier opens up new possibilities in this field. By integrating quantum entanglement with traditional classification algorithms, this technology demonstrates great potential in improving training efficiency and enhancing classification accuracy. Although quantum computing still faces numerous challenges, with ongoing progress in hardware and deepening theoretical research, we have every reason to believe that quantum computing will bring about a revolution in the field of machine learning. In the future, quantum classifiers may not be limited to traditional binary classification tasks—they could potentially exhibit unparalleled advantages in even more complex domains.

    About MicroAlgo Inc.

    MicroAlgo Inc. (the “MicroAlgo”), a Cayman Islands exempted company, is dedicated to the development and application of bespoke central processing algorithms. MicroAlgo provides comprehensive solutions to customers by integrating central processing algorithms with software or hardware, or both, thereby helping them to increase the number of customers, improve end-user satisfaction, achieve direct cost savings, reduce power consumption, and achieve technical goals. The range of MicroAlgo’s services includes algorithm optimization, accelerating computing power without the need for hardware upgrades, lightweight data processing, and data intelligence services. MicroAlgo’s ability to efficiently deliver software and hardware optimization to customers through bespoke central processing algorithms serves as a driving force for MicroAlgo’s long-term development.

    Forward-Looking Statements

    This press release contains statements that may constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of MicroAlgo, including those set forth in the Risk Factors section of MicroAlgo’s periodic reports on Forms 10-K and 8-K filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, MicroAlgo’s expectations with respect to future performance and anticipated financial impacts of the business transaction.

    MicroAlgo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as may be required by law.

    Contact

    MicroAlgo Inc.

    Investor Relations

    Email: ir@microalgor.com

    The MIL Network

  • MIL-OSI: NowVertical Group Announces First Quarter 2025 Earnings Release Date and Financial Update Webinar

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 16, 2025 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSXV: NOW) (“NowVertical” or the “Company”), a leading data and AI solutions provider, will announce its 2025 first quarter results after the market close on Wednesday, May 21, 2025. This will be followed by a webinar at on Thursday May 22, 2025, at 10:00 AM EST (7:00 AM PST), to discuss the Company’s financial results and provide a business outlook.

    Q1 2025 Financial Results Investor Webinar:

    NOW invites shareholders, analysts, investors, media representatives, and other stakeholders to attend our upcoming earnings webinar to discuss Q1 2025 results. Participants will include Sandeep Mendiratta, Chief Executive Officer; Christine Nelson, Interim Chief Financial Officer; and Andre Garber, Chief Development Officer. A live question-and-answer session will follow.

    Investor Webinar Registration:

    Time: Thursday, May 22, 2025, 10:00 AM in Eastern Time (US and Canada)

    Registration Link: https://us02web.zoom.us/webinar/register/WN_81iVl2rzQrS7E0lJ7xjlPA

    A recording of the webinar and supporting materials will be made available in the investor’s section of the company’s website at https://ir.nowvertical.com/news-and-media.

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

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

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

    For further information, please contact:

    Andre Garber, CDO 
     IR@nowvertical.com 
    +1(647)947-0223 

    Investor Relations:

    Bristol Capital Ltd.
    Stefan Eftychiou
     stefan@bristolir.com
    +1(905)326-1888 x60 

    Forward-Looking Statements

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

    The MIL Network