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Category: Finance

  • MIL-OSI: XRP News: XenDex V1 Launching Soon, Early Access Exclusive for $XDX Presale Buyers

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 15, 2025 (GLOBE NEWSWIRE) — After surpassing its soft cap and attracting thousands of early adopters, XenDex is proud to announce that Version 1 of its all-in-one decentralized exchange platform is actively in development and a first-look mockup design is set to be unveiled in the coming days.

    The XenDex platform will feature a seamless, beginner-friendly interface integrating all key DeFi functions missing from the XRP Ledger: AI-powered copy trading, non-custodial lending & borrowing, staking & yield farming, cross-chain trading, and DAO governance, all in one sleek dashboard.

    Buy XDX Before Listing On Exchange

    And here’s the best part: Only $XDX presale holders will receive early access to XenDex V1.

    Why Is Everyone Buying $XDX?

    The timing couldn’t be better. XRP is surging on the back of ProShares’ XRP Futures ETF approval, Brazil’s first XRP Spot ETF, and the SEC’s full withdrawal of its lawsuit against Ripple. These landmark events have reignited bullish sentiment, and speculators are predicting $1000 XRP long-term as institutional adoption intensifies.

    In this growing wave, XenDex is rising as the DeFi core of the XRPL, and $XDX is the fuel.

    Buy $XDX Now & Earn Rewards

    Presale Final Stage – Time Is Running Out

    • Soft Cap: Filled
    • Current Rate: 1.25 XRP = 10 XDX
    • Minimum Buy: 150 XRP

    Buy Now Before It’s Gone: https://xendex.net/presale

    Exchange Listings Confirmed

    Following the presale, $XDX will be listed on major exchanges:

    • Binance
    • Gate.io
    • MEXC
    • BitMart
    • FirstLedger
    • MagneticX

    Don’t Wait, Be Among the First to Use XenDex By Joining Our Presale.

    Purchase $XDX At A low Price

    XenDex Platform Key Features

    • AI-Powered Copy Trading – Mirror professional traders to maximize gains
    • Lending & Borrowing – Borrow and lend XRP and $XDX with smart contract security
    • Cross-Chain Trading – Swap XRP with tokens across BNB Chain, Solana, and more
    • Staking & Yield Farming – Earn while supporting platform liquidity
    • DAO Governance – $XDX holders vote on upgrades, proposals, and token listings

    With the mockup reveal coming soon, a full DEX launch on the horizon, and $XDX token utility growing fast, this is your last chance to join early before the price goes higher and access closes.

    Join the XenDex Community To Learn More:

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

    Contact:
    Frank Richards
    Frank@xendex.net

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

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d9e201d1-1a66-421e-a22b-90bf981f0672

    The MIL Network –

    May 16, 2025

  • MIL-OSI USA: Stefanik Encourages AG Pam Bondi to Investigate New York State’s Unconstitutional Gun Laws

    Source: United States House of Representatives – Congresswoman Elise Stefanik (21st District of New York)

    Stefanik Encourages AG Pam Bondi to Investigate New York State’s Unconstitutional Gun Laws | Press Releases | Congresswoman Elise Stefanik

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    MIL OSI USA News –

    May 16, 2025

  • MIL-OSI Russia: Iraq: Concluding Statement of the 2025 IMF Article IV Mission

    Source: IMF – News in Russian

    May 15, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    An International Monetary Fund (IMF) mission, led by Mr. Jean-Guillaume Poulain, met with the Iraqi authorities in Amman and Baghdad during May 4–13 to conduct the 2025 Article IV consultation. The following statement was issued at the end of the mission:

    A highly uncertain global environment, falling oil prices, and acute financing pressures, are taking a toll on economic activity and exacerbating Iraq’s existing vulnerabilities, calling for urgent measures to preserve fiscal and external stability. These include containing the fiscal deficit by mobilizing non-oil tax revenues and reining in the public wage bill, completing the restructuring of state-owned banks, and promoting private sector growth, by reforming the labor market, improving the business environment, enhancing governance and fighting corruption. Building on recent progress, the Central Bank of Iraq (CBI) should continue modernizing the banking system and supporting private banks in expanding their corresponding banking relationships.

    Recent Economic Developments, Outlook and Risks

    The non-oil sector grew at a slower pace last year and inflation remained subdued. Following a very strong growth of 13.8 percent in 2023, Iraq’s non-oil GDP is expected to have considerably moderated to 2.5 percent in 2024, driven by a slowdown in public investment and in the services sector, as well as a weaker trade balance. The agriculture, manufacturing, and construction sectors remained resilient, benefiting from post-drought recovery, expanded refining capacity, and strong growth in credit to households. The decline in oil production weighed on overall growth, which contracted by 2.3 percent for the year. Inflation dropped to 2.7 percent by end-2024, amid lower food price inflation and liquidity absorption from the CBI.

    The fiscal position has deteriorated, along with external balances. The 2024 fiscal deficit is estimated at 4.2 percent of GDP, compared to 1.1 percent in 2023, reflecting rising spending on wages and salaries and energy purchases. Financing constraints have led to reemergence of arrears notably in energy and capital expenditure. On the external front, the current account surplus narrowed sharply from 7.5 percent to 2 percent of GDP, due to a surge in goods imports. Nonetheless, external buffers remain strong, with reserves at US$100.3 billion at end-2024—covering over 12 months of imports.

    Non-oil growth is projected to remain subdued in 2025 amid a challenging global environment and financing constraints. Non-oil GDP is projected to slow down to 1 percent this year as the impact of falling oil prices and financing constraints weigh on government spending and consumer sentiment. The current account is expected to weaken considerably in 2025 primarily due to declining oil export revenues. The deterioration in the external position is projected to weigh on foreign reserves.

    Policy Priorities

    Iraq’s vulnerabilities have increased in recent years due to a large fiscal expansion. Beside weighing on prospects of private sector-led growth, current public employment policies and resulting wage costs are unsustainable given Iraq’s low non-oil tax base. Accordingly, dependence on oil revenues has worsened, and the oil price required to balance the budget increased to around $84 in 2024, up from $54 in 2020.

    These challenges have been exacerbated by the sharp decline in oil prices in 2025, requiring an urgent policy response. In the very short-term, the authorities should review current and capital spending plans for 2025 and limit or postpone all non-essential expenditure. At the same time, there may be scope to increase non-oil revenues by revising customs duties as well as introducing or raising excise taxes. The authorities should also explore options to diversify the creditors base for increasing financing availability. Monetary financing of the deficit should be avoided as it could fuel inflation, drain FX reserves, and weaken the CBI’s balance sheet.

    More broadly, a sizable fiscal consolidation is needed to mitigate macro-fiscal risks, ensure debt sustainability, and rebuild fiscal buffers. On the revenue side, besides customs duties and excise taxes, there is scope to gradually reform personal income tax by limiting exemptions and increasing rates. Strengthening tax administration—through digitalization, improved enforcement, and better collection—is essential. A more effective tax administration should allow for eventually introducing a general sales tax. On the spending side, curbing current expenditures, particularly via comprehensive wage bill reforms, limiting mandatory hiring, and adopting attrition rule, would yield significant savings. Recent efforts to better target the public distribution system are welcome, but there is scope to further improve targeting and eventually shift to cash-based social safety nets. Finally, it is urgent to reform the public pension system through raising the retirement age and reducing both the accrual and replacement rates is needed to enhance its sustainability.

    Implementing these reforms would also create fiscal space to increase capital spending. Expanding non-oil investment, especially in trade and transportation infrastructure should help economic diversification. Substantial investments are also required to modernize the electricity sector and develop natural gas resources, both of which are essential for improving energy security and reducing dependence on gas imports. Improved procurement, public financial management, and corruption control would enhance the effectiveness of any additional public investment.

    Further efforts are needed to mop up excess liquidity in order to improve monetary policy transmission. While the CBI has made progress in absorbing excess liquidity, additional adjustments could enhance the effectiveness of the framework. Key measures include increasing the issuance of CB-bills, focusing on the short maturity (14-day) at the policy rate, revising size limits on individual banks’ bids, and improving liquidity forecasting tools and practices. To safeguard its balance sheet and preserve credibility, the CBI should continue to avoid financing the government deficit.

    The mission commended the CBI for the successful transition to the new trade finance system. Trade finance is now fully processed by commercial banks through their correspondent banking relationships. This has also supported the recent decline in the spread between the official and parallel market exchange rates. Nonetheless, further efforts are needed to further reduce the spread, including by imposing Iraqi dinar usage for car and real estate transactions, improving customs controls to curb smuggling, and simplifying FX access.

    While initial steps to reform state-owned banks are encouraging, broader efforts are needed to strengthen the financial sector. The restructuring plan for state-owned banks should be finalized without delay, encompassing treatment of non-performing loans, and recapitalization needs. In parallel, the mission welcomed progress in digitalization and the authorities’ intention to undertake a comprehensive banking sector overhaul. Reforms should include enhancing corporate governance, digital infrastructure, and cybersecurity, while promoting a stronger role for private banks. Efforts to enhance AML/CFT measures by tackling the deficiencies identified in the MENAFATF Mutual Evaluation report should continue.

    Chronic power shortages, electricity losses and excessive tariff subsidization continue to weigh on the economy. Addressing inefficiencies in the electricity sector is important for fiscal sustainability and improving productivity. In 2024, distribution losses reached 55 percent, driven by theft and illegal connections, leading to significant financial losses. The authorities are deploying smart meters and have introduced other measures to enhance billing and collection. However, progress should be accelerated. Once collection substantially improves, achieving cost recovery will also require electricity tariff increases, with carefully calibrated subsidies targeted to low-income users. Recent disruptions in electricity imports from Iran further underscore the need for diversified supply and the development of gas projects.

    Combating corruption and governance weaknesses is imperative to support economic development. Steps taken in the implementation and upgrade of the national anticorruption strategy and the improvements in corruption perception indices are positive developments. However, corruption remains a significant hurdle for growth. Strengthening accountability frameworks for the operation of state-owned and private enterprises in the oil, electricity and construction sectors is critical, and thorough compliance with Extractives Industries Transparency Initiative standards and the enactment of the law on Transparency and Access to Information should be prioritized. Additionally, aligning anticorruption legal frameworks with international covenants and best practice, and strengthening the independence of the judiciary are essential for effective enforcement and for the protection of economic rights.

    A comprehensive structural reform agenda is essential to unlock growth potential. The mission estimates that a comprehensive set of reforms covering the labor market, business regulation, the financial sector and governance could double non-oil potential GDP growth over the medium term. On labor market, priorities include increasing labor force participation, particularly among women, by improving female education and further reducing barriers to their work and mobility, and reforming public sector hiring, which distort labor markets and reduce productivity. Efforts to better align skills with labor market needs should intensify. More generally, simplifying regulations and reducing bureaucratic impediments in e.g. business registration or tax administration should increase participation in the formal economy and help private sector development.

    The mission would like to thank the Iraqi authorities and various stakeholders for their excellent hospitality and cooperation and candid discussions during the mission.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Mayada Ghazala

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/05/15/mcs-iraq-concluding-statement-of-the-2025-imf-article-iv-mission

    MIL OSI

    MIL OSI Russia News –

    May 16, 2025

  • MIL-OSI USA: Congressman Valadao Protects the Central Valley from Illegal Street Racing

    Source: United States House of Representatives – Congressman David G Valadao (CA-21)

    WASHINGTON – Today, Congressman David Valadao (CA-22) joined Congresswoman Brittany Pettersen (CO-07) to reintroduce the They’re Fast, We’re Furious Act. This bipartisan bill would establish a Street Racing Prevention and Intervention Task Force under the Federal Bureau of Investigation (FBI) to coordinate local, state, and federal strategic responses to street racing and unlawful organized street shows. The task force would directly address the impacts of street racing and develop best practices to combat the problem, creating safer communities and potentially saving lives.

    Congressman Valadao co-sponsored the They’re Fast, We’re Furious Act of 2023 in the 118th Congress.

    “In the Central Valley, street racing is an epidemic that puts our communities in danger,” said Congressman Valadao. “Kern County’s fatal hit-and-run accident rate is over 151% higher than the national average, and deadly crashes are a direct result of reckless driving at high speeds. Illegal street racing in our neighborhoods puts the lives of other drivers, first responders, and innocent bystanders at risk, and I’m proud to join Congresswoman Pettersen to give law enforcement the tools they need to combat this dangerous trend.”

    “I’ve heard from constituents across Broomfield and Jefferson Counties who are concerned by the illegal street racing on the rise in our communities, including the death of a college student in Westminster caused by a street racing incident” said Rep. Pettersen. “As a mom, I’m committed to making sure our communities are a safe place for our kids and neighbors. That’s why I’m working with Congressman Valadao during National Police Week to ensure law enforcement has the tools they need to crack down on reckless driving and save lives.”

    Background:

    A national study analyzing data from 2018 to 2022 found that two counties in California’s 22nd Congressional District—Kern and Tulare—rank among the top 25 in the nation for fatal hit-and-run crashes. According to the National Highway Traffic Safety Administration, speeding has contributed to roughly one-third of all motor vehicle fatalities over the past two decades. Illegal street racing and unlawful street shows are becoming increasingly common across the Central Valley, and with growing populations and more vehicles on the road, the risk of tragic outcomes continues to rise.

    Beyond the dangerous nature of these activities, street racing and unlawful street shows cause noise and safety disruptions, negatively impacting neighborhoods in rural areas and large cities alike. This bill is a step towards cracking down on these dangerous activities, as the established task force would coordinate efforts nationwide and ensure law enforcement and agencies have the best information and resources available. Members of the task force would be appointed by the Attorney General, Secretary of Transportations, and the FBI Director, and would be composed of employees from the DOJ Criminal Division, the National Highway Traffic Safety Administration, the FBI, and local and state law enforcement agencies.

    Read the full bill here.

    ###

    MIL OSI USA News –

    May 16, 2025

  • MIL-OSI USA: Supervised Exercise Improves Broken Hip Outcomes in Older Women

    Source: US State of Connecticut

    Results from a recent multi-center, randomized, controlled trial demonstrate that testosterone gel does not improve long-distance mobility compared to exercise alone in older women recovering from a hip fracture.

    The STEP-HI (Starting a Testosterone and Exercise Program after Hip Injury) study results were published in JAMA Network Open on May 15. This is to date the largest study of testosterone administration to women following a fracture of the hip.

    UConn Center on Aging was a clinical trial site for the national STEP-HI study since its launch in 2018.

    Threat of Broken Hips in Older Women
     “Historically, despite dramatic advances in surgical techniques, nearly three out of four older women fail to regain their previous level of function following hip fracture even when followed by the usual level of rehabilitation,” shares study co-author Dr. George Kuchel, director of the UConn Center on Aging.

    In fact, hip fractures are the most serious type of osteoporotic fracture, as they are accompanied by considerable pain, loss of muscular and bone strength, reduced mobility and independence with daily activities, and increased risk for future fractures and death. After a hip fracture, patients undergo surgery to repair the broken bone, followed by a period of rehabilitation.

    Patient does leg presses at UConn Center on Aging. (Lauren Woods/UConn Photo)

    Results of the STEP-HI Clinical Trial
    The large STEP-HI study focused on interventions intended to improve outcomes after standard therapy was completed. The study, “Effects of Exercise Training and Testosterone Therapy in Older Women after Hip Fracture:  A Randomized Clinical Trial,” provides valuable information that does not support adding low-dose testosterone to exercise in women recovering from a hip fracture to improve long-distance mobility. Testosterone is a hormone present in all women that declines with age. It has effects on muscle that were hypothesized to augment the benefits of exercise during the recovery period.

    The study was a randomized, double-blind clinical trial that enrolled women aged ≥ 65 years who had a recent surgical repair of a hip fracture, met objective criteria for mobility impairment, and were community-dwelling. Participants (n=129) were recruited from 8 clinical sites in the United States between February 2018 and February 2023.

    Key findings of the study include:

    • 24 weeks of supervised exercise combined with testosterone therapy did not significantly improve Six Minute Walk Distance (a measure of long-distance mobility) compared to supervised exercise alone. This suggests that adding testosterone to exercise may not provide further benefits beyond exercise itself in terms of long-distance mobility in older women post hip fracture.
    • Adding testosterone therapy to exercise had positive effects on short-distance mobility and balance, while also reducing the requirement of assistive walking devices at the end of the study. These secondary findings will require further research to confirm.

    Jenna M. Bartley, Ph.D. served as the UConn Center on Aging’s clinical trial site principal investigator alongside Kuchel and Richard Fortinsky, Ph.D.

    “While we did not see improvements with testosterone in endurance activities, these findings are important for our understanding of how older women can best recover from hip fracture. While we thought that adding an anabolic agent like testosterone would aid in mobility improvements, we did not see a benefit in that aspect. We did see a benefit of testosterone in other functional domains, but more research is needed to confirm those findings,” Bartley reports.

    Kuchel, director of the UConn Center on Aging, agrees.

    “Our findings did not demonstrate any additional benefits in long-distance mobility of testosterone replacement beyond the positive effects of exercise. However, our findings confirm that more intense and sustained exercise protocols are well-tolerated by older women and can result in substantial functional improvements.”

    Kuchel stresses a secondary post hoc finding of the study that needs further investigation.

    “Among women who required a walker or cane at baseline, those who were randomized to receive exercise and testosterone replacement were more likely to be able to walk without a cane or walker 6 months later as compared to women receiving only exercise or usual care. These findings will require future study and further confirmation,” says Kuchel of UConn.

    Striking Impact of Strength Training for Older Women at UConn Center on Aging
     “What was most striking from our STEP-HI study was how well the older women performed the progressive resistance training and how much they improved over the course of the study,” says Principal Investigator Bartley at UConn.

    She says while some women were hesitant at first, by the end of the study some were leg pressing over 100lbs!

    “It was really impressive to see the progress over time from these women. It really is never too late to start an exercise training program!” Bartley advises.

    Also, Bartley shared how progressive resistance training for 6 months led to huge improvements in functional outcomes.

    ‘‘The power of weight training is really impressive, even in these older women. This research really highlighted how older women can benefit from weight training despite being recently injured or more frail,” concludes Bartley.

    The study team of co-authors concluded overall that: “Although testosterone did not provide the functional benefits to older women recovering from a hip fracture that we were expecting, our study offers valuable information on the importance of exercise and other treatments during recovery,” wrote the study co-authors led by Dr. Ellen F. Binder of Washington University School of Medicine in St. Louis.

    Other study co-authors include: Sarah D. Berry, MD, MPH, Peter Doré, MS, Steven R. Fisher, PT, PhD, Richard H. Fortinsky, PhD, Camelia Guild, MPH, Douglas P. Kiel, MD, MPH, Robin L. Marcus, PT, PhD, Christine M. McDonough, PT, PhD, Kelly M. Monroe, MSW, Denise Orwig, PhD, Rocco Paluch, MA, Dominic Reeds, MD, Jennifer Stevens-Lapsley, PT, PhD, Elena Volpi, MD, PhD, Kenneth B. Schechtman, PhD, and Jay Magaziner, PhD.

    The JAMA Network Open study co-authors are faculty at Washington University School of Medicine in St. Louis, the UConn Center on Aging, Hinda and Arthur Marcus Institute for Aging Research, Hebrew Senior Life and the Department of Medicine, Beth Israel Deaconess Medical Center and Harvard Medical School, University of Texas Medical Branch, University of Utah, University of Pittsburgh. University at Buffalo, University of Colorado, UT Health San Antonio, San Antonio GRECC, Sealy Center on Aging, and the University of Texas Medical Branch.

    This work is in part supported by the following grants: The National Institute on Aging provided funding and supervision for STEP-HI under award numbers: R21 AG023716, R34 AG040257, R01 AG051647, P30 AG067988 (UConn Older Americans Independence Pepper Center), P30 AG024832, P30 AG028747. Support for STEP-HI at the Baltimore site was also provided by the Baltimore Veterans Affairs Medical Center Geriatric Research, Education, and Clinical Centers (GRECC).

    MIL OSI USA News –

    May 16, 2025

  • MIL-OSI Security: Army Soldier Charged with Child Pornography Offenses

    Source: United States Attorneys General 1

    A federal grand jury returned an indictment yesterday charging Seth Herrera, 35, a U.S. Army soldier, previously of El Paso, TX, with attempted sexual exploitation of a child and receipt of files depicting child sexual abuse.

    According to court documents, Herrera allegedly used encrypted messaging applications and network applications to find, receive, and download child sexual abuse material (CSAM) over the course of multiple years, beginning in 2021. He also allegedly used artificial intelligence chatbots to generate CSAM using images of children he knew. He is also alleged to have surreptitiously taken images and videos of those same children undressing in his home in El Paso.

    Herrera is already charged in Alaska relating to his alleged transportation, receipt, and possession of CSAM, including AI-generated CSAM, while stationed at Joint Base Elmendorf-Richardson in Anchorage, Alaska.

    Matthew R. Galeotti, Head of the Justice Department’s Criminal Division, and Acting U.S. Attorney Margaret F. Leachman for the Western District of Texas made the announcement.

    Homeland Security Investigations (HSI) is investigating the case.

    Trial Attorney Rachel L. Rothberg of the Criminal Division’s Child Exploitation and Obscenity Section (CEOS) and Assistant U.S. Attorney Mallory J. Rasmussen for the Western District of Texas are prosecuting the case.

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the epidemic of child sexual exploitation and abuse launched in May 2006 by the Department of Justice. Led by U.S. Attorneys’ Offices and CEOS, Project Safe Childhood marshals federal, state, and local resources to better locate, apprehend, and prosecute individuals who exploit children via the internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, visit www.justice.gov/psc.

    MIL Security OSI –

    May 16, 2025

  • MIL-OSI Security: New Orleans Man Caught on Video Firing Gun and Driving Stolen Car Sentenced to 15 Years in Prison for Machine Gun and Drug Trafficking Crimes

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

    NEW ORLEANS, LOUISIANA – RENARD SANTIAGO (“SANTIAGO”), age 19, was sentenced on May 13, 2025 by U.S. District Judge Wendy B. Vitter to fifteen (15) years in prison, followed by four (4) years of supervised release, along with a mandatory $400 special assessment fee, after previously pleading guilty to conspiracy, and possession with the intent to distribute, marijuana, in violation of Title 21, United States Code, Sections 841(a)(1), 841(b)(1)(D), and 846; possession of a firearm in furtherance of a drug trafficking crime, in violation of Title 18, United States Code, Section 924(c)(1)(A)(i); and possession of a machinegun, in violation of Title 18, United States Code, Sections 922(o) and 924(a)(2).

    According to court documents, in 2024, SANTIAGO was wanted by the Federal Bureau of Investigation (“FBI”) and the New Orleans Police Department.  Specifically, an arrest warrant had been issued for SANTIAGO for an armed robbery committed on October 10, 2023.  On December 25, 2023,he was captured on surveillance video firing a handgun with a drum magazine attached and then driving away in a stolen SUV.  During their investigation into his whereabouts, law enforcement officers saw stories on SANTIAGO’s social media account showing SANTIAGO in possession of a handgun equipped with a machinegun conversion device, posing with large amounts of cash, and advertising the sale of marijuana.  The next day, officers executed a search warrant at SANTIAGO’s residence.  SANTIAGO hid in the attic for four hours before he was finally forced out of the house.  Inside the attic, officers found SANTIAGO’s handgun, with the machinegun conversion device still attached, a distributable quantity of marijuana, and over $400 in cash.

    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 violent crime and gun violence, 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.

    The case was investigated by the Federal Bureau of Investigation and the New Orleans Police Department.  It is being prosecuted by Assistant United States Attorney David Berman of the Violent Crime Unit.

    MIL Security OSI –

    May 16, 2025

  • MIL-OSI Security: Chicago Woman Pleaded Guilty in Conspiracy to Commit Wire Fraud Targeting U.S. Service Men and Women

    Source: Federal Bureau of Investigation FBI Crime News (b)

    SPRINGFIELD, Mo. – A Chicago, Il., woman pleaded guilty in federal court today for her role in a wire fraud conspiracy that targeted United States Service men and women who had recently joined the military.

    Jetauwn T. Griffin, 31, waived her right to a grand jury and pleaded guilty before U.S. Chief Magistrate Judge Willie Epps, Jr., to a federal information charging her with one count of conspiracy to commit wire fraud.

    Griffin conspired with others that sought to defraud United States military service men and women through the use of social media.

    According to the plea agreement, Griffin conspired with others that employed a scheme to defraud United States military service men and women. Service members who had recently joined the United States military were contacted through various social media platforms.  Upon communicating with each military member, a person within the conspiracy would use the information obtained from the social media platform and then contact the service member claiming to be a senior military official.  As a senior military member, they would tell each service member that they were receiving the wrong salary, and they were owed more money than they were being paid.  The perpetrators of the scheme who advise the service member that they needed to return their prior pay using a cash application and then they would receive the higher pay once the other money was returned.  If a service member followed these instructions, the members of this scheme would take the monies transferred and would never return any monies to the victim.  Griffin conspired with others in this scheme by taking the cash application transfers and conducted financial transactions that transferred the victim’s money to accounts that were accessed by all members of the scheme.

    Under federal statutes, Griffin is subject to a sentence of up to 20 years in federal prison without parole. The maximum statutory sentence is prescribed by Congress and is provided here for informational purposes, as the sentencing of the defendant will be determined by the court based on the advisory sentencing guidelines and other statutory factors. A sentencing hearing will be scheduled after the completion of a presentence investigation by the United States Probation Office.

    This case is being prosecuted by Assistant U.S. Attorney Patrick Carney. It was investigated by the Department of the Army Criminal Investigation Division and the Federal Bureau of Investigation.

    MIL Security OSI –

    May 16, 2025

  • MIL-OSI Security: FBI Washington Field Office Statement on 11th Anniversary of the Disappearance of Paul Edwin Overby Jr.

    Source: Federal Bureau of Investigation FBI Crime News (b)

    This month marks the 11th anniversary of the disappearance of Paul Edwin Overby Jr. from Afghanistan. In May 2014, Overby, an American writer, disappeared in Khost Province, Afghanistan, where he was conducting research for a self-authored book. Prior to his disappearance, Overby indicated that he planned to visit Pakistan to further his research. 

    “The dedicated men and women of the FBI remain relentless in our pursuit for answers about Paul’s disappearance,” Assistant Director in Charge Steven J. Jensen said. “As we mark yet another year without him, we are committed and will not rest until we return him to his family where he belongs. We renew our public call for information that could help bring him home.”

    In May 2018, the FBI Washington Field Office announced a reward of up to $1 million for information that leads to the location, recovery, and return of Overby. Additionally, the U.S. State Department’s Rewards for Justice program is offering a reward of up to $5 million for information leading to Overby’s location, recovery, and return. Both rewards remain unclaimed. 

    If you have information to share, call the FBI at 1-800-CALL-FBI (225-5324) or submit a tip at tips.fbi.gov. You can also contact the nearest American embassy or consulate. Tips can remain anonymous. 

    MIL Security OSI –

    May 16, 2025

  • MIL-OSI Security: Mission, Texas, Real Estate Agent Indicted for Fraud Scheme

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

    McALLEN, Texas – A 45-year-old Mission man has made an appearance in McAllen federal court on wire fraud charges, announced U.S. Attorney Nicholas J. Ganjei.

    According to the four-count indictment, Sergio Efrain Zamora Jr. sold multiple homes by forging signatures on the documents and transferring titles to his business.

    The charges allege, beginning in June 2021, Zamora orchestrated a real estate fraud scheme by selling multiple homes without the homeowners’ authorization. He allegedly forged signatures on documents and transferred property titles to his business.

    The victims-some of whom were his own family and friends-were unaware their homes were being sold, according to the charges. Zamora allegedly created fraudulent documents, including warranty deeds and contracts of sale, to make the transactions appear legitimate.

    According to the indictment, he forged paperwork as part of the scheme. He allegedly profited illegally by using the proceeds to pay off debts and, in some cases, by receiving funds directly from the fraudulent closings.

    The charges allege the scheme caused a total loss of $655,000 to the victims and the title company.

    If convicted, Zamora faces up to 20 years in prison and a possible $250,000 maximum fine.

    FBI conducted the investigation. Assistant U.S. Attorney Amanda McColgan is prosecuting the case.

    An indictment is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through due process of law.

    MIL Security OSI –

    May 16, 2025

  • MIL-OSI: ConnectM Completes Acquisition of Cambridge Energy Resources, Strengthening Foothold in India

    Source: GlobeNewswire (MIL-OSI)

    MARLBOROUGH, Mass., May 15, 2025 (GLOBE NEWSWIRE) — ConnectM Technology Solutions, Inc. (OTC: CNTM) (“ConnectM” or the “Company”), a high-growth technology company on the leading edge of the energy economy, today announced it has secured regulatory approval and completed the acquisition of Cambridge Energy Resources Ltd. (CER), an India-based Energy-Management-as-a-Service (EMaaS) provider.

    The acquisition provides ConnectM with a strategic beachhead in India’s booming distributed energy and telecommunications sectors, solidifying the Company’s expansion into one of the world’s fastest-growing clean energy and digital infrastructure markets. ConnectM beat out four other bidders in a competitive process to acquire CER in 2021 for INR 120 million ($1.4M) which has fair value assessment at INR 240 million ($2.8M). Since winning the bid in 2021, it took an additional three years to obtain the necessary regulatory approvals.

    CER’s offerings span rooftop solar installations and energy management solutions for telecommunications infrastructure, supporting India’s 5G network deployment through clean energy initiatives. With this acquisition, ConnectM gains an established operating presence in India and the ability to immediately participate in two sectors central to India’s sustainability and digital growth. The Company will leverage CER’s local expertise to deploy its proprietary Home and Building Electrification (HBE) platform and Energy Intelligence Network (EIN) across new projects in the region. ConnectM’s full-stack, digital-first approach—proven in its U.S. operations—combined with CER’s on-ground capabilities is expected to drive growth in both distributed energy and telecom energy management solutions.

    “This is a pivotal step in our international Home and Building Electrification (HBE) expansion,” said Bhaskar Panigrahi, Chairman and CEO of ConnectM. “By adding Cambridge Energy Resources to the ConnectM family, we secure a foothold in one of the world’s largest and highest-growth energy and telecommunications markets. We are now positioned to accelerate the deployment of our integrated electrification platform across India, furthering our mission to drive sustainable energy transformation on a global scale.”

    The transaction carries significant strategic value for ConnectM and its stockholders. Our India business is growing organically at more than 100% per year. With this CER acquisition, we expect our business from India to grow to 15% of our global revenue in next twelve months ($10M annualized) from 5% it is currently now. CER not only provides an operational base in India but also broadens ConnectM’s service offerings into two high-growth domains that align with India’s ambitious development goals. India has set a target of reaching 500 GW of non-fossil fuel power capacity by 2030, supported by an estimated $384.5 billion in power sector investments, alongside a nationwide 5G rollout. These initiatives are driving robust demand for distributed renewable energy solutions and energy-efficient telecom infrastructure—areas where ConnectM, through CER, is now well positioned to deliver innovative solutions.

    This acquisition follows ConnectM’s March 26, 2025, announcement of its first HBE project in India and is a key part of the Company’s broader strategic expansion into India and international markets. ConnectM plans to continue pursuing opportunities that strengthen its presence in high-growth regions as it scales its HBE platform globally.

    About ConnectM Technology Solutions, Inc.:

    ConnectM is a constellation of companies powering the next generation of electrified equipment, mobility, and distributed energy—thus enabling a faster, smarter transition to a modern energy economy. The Company provides residential and light commercial service providers and original equipment manufacturers with a proprietary Energy Intelligence Network platform to accelerate the transition to all-electric heating, cooling, and transportation. Leveraging technology, data, artificial intelligence, and behavioral economics, ConnectM aims to lower energy costs and reduce carbon emissions globally.

    For more information, please visit: https://www.connectm.com/

    About Cambridge Energy Resources Ltd.:

    Cambridge Energy Resources Ltd. (CER) is a privately held Energy-Management-as-a-Service provider based in India. Headquartered in New Delhi, CER delivers integrated clean energy solutions for enterprises and telecom operators, including the development and management of distributed solar projects and the deployment of energy-efficient power systems for 5G telecommunications infrastructure. By offering these services on an outcome-based model, CER helps clients reduce energy costs and carbon footprint while enhancing power reliability across their operations.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. All statements, other than statements of present or historical fact included in this press release, regarding our future financial performance and our strategy, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “continue,” “project” or the negative of such terms or other similar expressions. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. We caution you that the forward-looking statements contained herein are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. In addition, we caution you that the forward-looking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the “Cautionary Note Regarding Forward-Looking Statements” section of the Current Report on Form 8-K filed with the Securities and Exchange Commission on July 18, 2024. Such filing identifies and addresses other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ConnectM is under no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    Contact:

    Investor Relations
    Dave Gentry, CEO
    RedChip Companies, Inc.
    1-407-644-4256
    CNTM@redchip.com

    The MIL Network –

    May 16, 2025

  • MIL-OSI USA: Huizenga Announces Federal Affordable Housing Funding for Battle Creek, Benton Harbor, Holland, Kalamazoo, and Portage Through HUD

    Source: United States House of Representatives – Congressman Bill Huizenga (MI-02)

    Today, Congressman Bill Huizenga announced that communities across Southwest Michigan will receive federal funding from the Fiscal Year 2025 appropriations legislation.  Specifically, the communities of Battle Creek, Benton Harbor, Holland, Kalamazoo, and Portage will receive federal funding from the Department of Housing and Urban Development (HUD) through Community Development Block Grants (CDBG).  CDBG provides annual grants on a formula basis to states, cities, and counties to develop viable urban communities by improving housing and providing a better living environment. Additionally, CDBG expands economic opportunity, principally for low- and moderate-income residents.

    Furthermore, the communities of Battle Creek and Kalamazoo will receive federal funding through the HOME Investment Partnerships Program. The HOME Investment Partnerships Program provides formula grants to states and localities that communities use – often in partnership with local nonprofit groups – to fund a wide range of activities including building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income people. HOME is the largest federal block grant to state and local governments designed exclusively to create affordable housing for low-income households.

    “I am glad to see the Trump Administration prioritize the communities of Battle Creek, Benton Harbor, Holland, Kalamazoo, and Portage,” said Congressman Bill Huizenga. “This funding will improve housing affordability as well as increase economic opportunity for lower and moderate-income families across Southwest Michigan.”

    CDBG Funding Allocations

    Battle Creek              $1,205,390   

    Benton Harbor          $382,893

    Holland                      $333,432

    Kalamazoo                $1,583,632   

    Portage                      $209,148

    HOME Funding Allocations

    Battle Creek              $254,254

    Kalamazoo                $456,817

    The State of Michigan also received a direct allocation totaling $34,090,474 for CBDG and $16,080,261 for HOME. This funding is on top of the funding distributed to municipalities across Michigan.

    Here is the full list of Michigan communities who recently received funding through the Department of Housing and Urban Development:

    Battle Creek, Bay, Benton Harbor, Canton Twp, Clinton Twp, Dearborn, Dearborn Heights, Detroit, East Lansing, Farmington Hills, Flint, Genesee County, Grand Rapids, Holland, Jackson, Kalamazoo, Kent County, Lansing, Lincoln Park, Livonia, Macomb County, Midland, Monroe, Muskegon, Muskegon Heights, Niles, Norton Shores, Oakland County, Pontiac, Port Huron, Portage, Redford, Roseville, Royal Oak, Saginaw, Southfield, St Clair Shores, Sterling Heights, Taylor, Traverse City, Warren, Washtenaw County, Waterford Township, Wayne County, Westland, and Wyoming.

    MIL OSI USA News –

    May 16, 2025

  • MIL-OSI USA: During National Police Week, Reps. Pettersen, Valadao Introduce Bipartisan ‘They’re Fast, We’re Furious’ Bill to Curb Illegal Street Racing

    Source: United States House of Representatives – Representative Brittany Pettersen (Colorado 7th District)

    WASHINGTON – Today, U.S. Representative Brittany Pettersen (D-CO) and David Valadao (R-CA) introduced the They’re Fast, We’re Furious Act of 2025 to address reckless speeding and illegal street racing impacting communities across the country. This bipartisan bill would establish a Street Racing Prevention and Intervention Task Force under the Federal Bureau of Investigation (FBI) to coordinate local, state, and federal strategic responses to street racing and unlawful organized street shows. The task force would address the impacts of street racing and develop best practices to combat the problem, creating safer communities and potentially saving lives.

    “I’ve heard from constituents across Broomfield and Jefferson Counties who are concerned by the illegal street racing on the rise in our communities, including the death of a college student in Westminster caused by a street racing incident” said Pettersen. “As a mom, I’m committed to making sure our communities are a safe place for our kids and neighbors. That’s why I’m working with Congressman Valadao during National Police Week to ensure law enforcement has the tools they need to crack down on reckless driving and save lives.”

    “In the Central Valley, street racing is an epidemic that puts our communities in danger,” said Valadao. “Kern County’s fatal hit-and-run accident rate is over 151% higher than the national average, and deadly crashes are a direct result of reckless driving at high speeds. Illegal street racing in our neighborhoods puts the lives of other drivers, first responders, and innocent bystanders at risk, and I’m proud to join Congresswoman Pettersen to give law enforcement the tools they need to combat this dangerous trend.”

    Rep. Pettersen first introduced this bill following concerns from communities across her district, including those voiced at a town hall she hosted in Westminster. In 2021, a street racing incident in Westminster caused the death of a 21-year-old student at the University of Colorado Boulder. This incident rocked the community and is unfortunately a common occurrence in the United States, as speeding and street racing continue to rise in prevalence since the global pandemic.

    Between 2021 and 2023, Colorado lost 751 lives due to speeding, according to the Colorado Department of Transportation. In 2023 alone, speeding was the leading cause of traffic fatalities in the state—contributing to 258 deaths, surpassing fatalities caused by impaired driving and unrestrained passengers.

    Click HERE for the full text of the bill. 

    MIL OSI USA News –

    May 16, 2025

  • MIL-OSI Canada: Government Continues to Deliver for Saskatchewan Residents as Spring Sitting Concludes

    Source: Government of Canada regional news

    Released on May 15, 2025

    With the Spring sitting of the Legislature concluding today, Premier Scott Moe highlighted the Government of Saskatchewan’s balanced 2025-26 Budget and how it is delivering for you.

    “Our government continues to prioritize safety in our communities and ensuring services are available to all residents when and where they need them,” Moe said. “Saskatchewan is a growing and vibrant province that continues to benefit from a strong economy even in uncertain times. Record investments were made this year to keep Saskatchewan an affordable place to live, work and raise a family.”

    In this year’s budget, record investments continue to be made in health care, education and community safety, in addition to delivering more affordability measures than ever before. 

    New affordability measures include:

    • The Fertility Treatment Tax Credit, helping individuals or couples cover costs associated with fertility treatments.
    • Doubling the Active Families Benefit tax credit and raising the qualifying income threshold to $120,000 will make accessing children’s sports, arts, cultural and recreational activities more affordable. 
    • Seniors receive an increase in the senior supplement amount by $500 annually for the next four years, starting in 2025 – over and above the impact of indexation.
    • An increase to the Personal Care Home Benefit will help more than 2,000 low-income seniors with the cost of living in a licensed personal care home. 
    • The Graduate Retention Program has also increased, with a maximum benefit of $24,000 for students who live and work in Saskatchewan after graduating from a post-secondary institution.
    • The Saskatchewan Advantage Scholarship provides up to $3,000 for Grade 12 students who will be attending post-secondary institutions in the province. 
    • All education property tax mill rates have been reduced to absorb the increase in property assessment values and ensure this assessment year is revenue neutral for the province. This change will save property owners in the province more than $100 million annually.
    • Reinstating the Home Renovation Tax Credit saves residents up to $420 and seniors $525 annually in provincial income tax.
    • The First-Time Homebuyers’ Tax Credit maximum benefit increased to $1,575, making homeownership more attainable for first-time homebuyers, and the PST Rebate on New Home Construction was made permanent. 
    • The Disability Tax Credit and the Disability Tax Credit supplement for children under 18 both increase by 25 per cent, in addition to indexation.
    • The Caregiver Tax Credit also increases by 25 per cent, in addition to indexation, which provides financial support for families who care for adult children or parents with physical or mental impairments.
    • The Small Business Tax Rate permanently remains at one per cent, which benefits more than 35,000 small businesses and saves them over $50 million annually in corporate income taxes.
    • The Small and Medium Enterprise Investment Tax Credit provides a non-refundable tax credit for individuals or corporations that invest in the equity of eligible Saskatchewan small and medium enterprise, while the Saskatchewan Class 1 Truck Driver Training Rebate Program supports individuals seeking their commercial driving license. 

    Additionally, legislation introduced and passed this year aims to promote community safety. Amendments to The Construction Codes Act allow the development of a pilot framework intended to help eligible municipalities dispose of these structures as well as provide a training opportunity for local volunteer fire departments. Amendments to The Safe Public Spaces (Street Weapons) Act include fentanyl, methamphetamine and hypodermic needles as categories of street weapons recognizing the significant risks these items present to public safety. New regulations under The Trespass to Property Amendment Regulations, 2025, will allow police to immediately enforce the Act against individuals partaking in activities such as public intoxication and drug use as it will be automatically considered trespassing in public spaces or businesses.

    This April, the Government of Saskatchewan was pleased to reach a new agreement between the Government-Trustee Bargaining Committee (GTBC) and the Teachers’ Bargaining Committee. This new agreement recognizes the important role of teachers and provides certainty for teachers, students and their families.

    Health care continues to be a priority for the government with continued investment into new and enhanced services and the Health Human Resources Action Plan to ensure services are staffed. The new Regina Breast Health Centre started welcoming patients this spring offering a co-location of essential services to streamline care, reduce wait times and improve patient experiences in what can often be a challenging time. Success continues to be made with recruitment guided by the Health Human Resources Action Plan to recruit, train, incentivize and retain more staff in the province. To continue that work, Saskatchewan’s Rural and Remote Recruitment

    Incentive (RRRI) program has been expanded to an additional 16 communities for a total of 70. This incentive of up to $50,000 for a three-year return-in-service is offered to new, permanent full-time employees in nine high-priority health occupations in rural and remote communities experiencing or at risk of service disruptions due to staffing challenges. A recruitment campaign also launched recently encouraging physicians from the United States to consider practicing in Saskatchewan.

    -30-

    For more information, contact:

    MIL OSI Canada News –

    May 16, 2025

  • MIL-OSI: EXL named a Leader in 2025 Gartner® Magic Quadrant™ for Finance and Accounting Business Process Outsourcing

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a global data and AI company, has been named a Leader in the 2025 Gartner Magic Quadrant for Finance and Accounting (F&A) Business Process Outsourcing (BPO).

    The Gartner research report evaluated 16 F&A service providers according to a uniform set of criteria, placing companies into four Quadrants: Leaders, Visionaries, Niche Players and Challengers. Gartner defines Leaders as companies that “execute well against their current vision and are well positioned for tomorrow.”

    The report noted: “Enhanced F&A BPO offerings that meet finance’s need for more automated transactional processing focus on providing process transformation expertise, often combined with proprietary or partnered process automation technologies, including the use of AI and machine learning. Buyers benefit from these types of agreements by maturing their processes, adopting technologies that require minimum human intervention, and driving more competitive processing costs.” This is the fourth consecutive year that EXL has been named a Leader in this report.

    “The demands on the modern finance department are steadily increasing, as new accounting and compliance requirements have created a vital need for faster, more accurate flow of information,” said Vikas Bhalla, president and head of AI services and operations. “Our data and AI-led approach is helping clients rise to meet these challenges, while creating new opportunities for optimization and growth.”

    EXL was recognized as a Customers’ Choice in the 2025 Gartner® Peer Insights™ Voice of the Customer for Finance and Accounting Business Process Outsourcing Services. As of May 13, 2025, EXL has an overall rating of 4.7 out of 5 in the Finance and Accounting Business Process Outsourcing market, based on 68 reviews on Gartner Peer Insights™.

    To learn more about EXL finance and accounting services click here.

    Source: Gartner, Magic Quadrant for Finance and Accounting Business Process Outsourcing,  Jan Ambergen, Jeffrin Francis, Miles Onafowora, 14 April 2025

    Peer Contributors, Voice of the Customer for Finance and Accounting Business Process Outsourcing Services, February 2025

    Gartner and Peer Insights are trademarks of Gartner, Inc. and/or its affiliates. All rights reserved. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

    Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

    Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

    About EXL

    EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 60,000 employees spanning six continents. For more information, visit www.exlservice.com.

    About Palantir Technologies Inc.

    Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

    Contacts
    Media
    Keith Little
    +1 703-598-0980
    media.relations@exlservice.com

    Investor Relations
    John Kristoff
    +1 212 209 4613
    IR@exlservice.com

    The MIL Network –

    May 16, 2025

  • MIL-OSI Economics: Changes in the Financial Markets and Resolution and Financial Stability Departments

    Source: Czech National Bank

    At its meeting on 15 May 2025, the Bank Board of the Czech National Bank (CNB) approved changes in the bank’s organisational structure with effect from 1 June 2025.

    The Resolution Division will be transferred from the Financial Markets and Resolution Department to the Financial Stability Department. This change is aimed at leveraging synergies in fulfilling one of the CNB’s primary objectives, namely maintaining the long-term stability of the financial system. In connection with this change, the departments concerned will be renamed the Financial Markets Department and the Financial Stability and Resolution Department on 1 June.

    At the same time, the Bank Board decided to appoint Petr Frydrych new Executive Director of the Financial Markets Department with effect from 1 June. Ondřej Strádal will become the Department’s Deputy Executive Director. He will remain in charge of the Reserves Management Division. Daniel Krejčí will head up the Interventions Division.

    Petr Frydrych graduated from the Faculty of Mathematics and Physics at Charles University in Prague. He joined the CNB’s Reserves Management Division in 1995, where he held the post of portfolio manager. He was appointed Director of the Reserves Management Division in 2001 and Director of the Interventions Division in 2005, and now serves as Deputy Executive Director of the Financial Markets and Resolution Department. He has long focused on monetary policy implementation in his work.

    Ondřej Strádal graduated from the Institute of Economic Studies of the Faculty of Social Sciences at Charles University and qualified as a Chartered Financial Analyst in 2003. He began his career at the CNB as a money market broker and then worked as a portfolio manager responsible for international reserves management. After that, he worked at the London branch of Goldman Sachs. Between 2016 and 2019, at the decision of the Bank Board, he held the post of Advisor to the Executive Director at the International Monetary Fund in Washington. In 2008–2016 and since 2019, he has served as Director of the CNB’s Reserves Management Division, where he manages a team of portfolio managers.

    Daniel Krejčí graduated from the Faculty of Finance and Accounting at the Prague University of Economics and Business and from the Institute of Economic Studies of the Faculty of Social Sciences at Charles University. In 1995–2007, he worked at ČSOB in various positions, ultimately as director of interest rate and commodity derivatives trading for clients. He joined the CNB in 2007, where he held the post of Deputy Executive Director of the Risk Management and Transactions Support Department responsible for the Risk Management Division until 2019. Since 2019, he has worked as a chief dealer and Deputy Director of the Reserves Management Division at the CNB.

    Jakub Holas
    Director, Communications Division

    MIL OSI Economics –

    May 16, 2025

  • MIL-OSI Africa: Invest in African Energy (IAE) 2025: Experts Call for Hybrid Energy Solutions to Power Africa’s Future

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

    PARIS, France, May 15, 2025/APO Group/ —

    At the Invest in African Energy Forum in Paris, industry leaders emphasized the urgent need for Africa to adopt a diversified and flexible energy mix – combining renewables, fossil fuels and off-grid technologies – to meet the continent’s rising electricity demand and avoid deepening power crises.

    During the panel, titled Revolutionizing Power Generation in Africa: The Role of Energy Mix and Innovation, panelists stated that Africa’s path to universal electrification hinges on embracing a hybridized, context-specific approach that can deliver both stability and sustainability.

    “Energy in Africa needs to be thought of in a long-term view. Renewables are cheap, but they are intermittent and not controllable. It is compatible for fossil fuels to be the baseload [to offset] the intermittency of renewables,” said Jérôme Bertheau, Chief Technology Officer at BW Energy.

    Bertheau pointed to the company’s gas-to-power project in Namibia as a model of scalable, market-aligned development. “We have a project in Namibia where we will produce and transport gas from the Kudu field. The project is phased, so we are developing alongside the growth of Namibia. The first step is a 200 MW viable baseload, but we can increase it as the market grows,” he said.

    He added that the project is progressing rapidly toward FID: “We have submitted our field development plan and finished our conceptual studies, and are entering a phase of appraising the reservoir more. We believe there is potentially more gas and oil. We are drilling the first well this year, and the second one next year.”

    The discussion centered on how to bridge the gap between ambition and practical implementation, particularly in under-electrified regions where national grids are weak and investor confidence hinges on returns and reliability. Panelists stressed that successful models already exist, and that Africa’s energy transition must be guided by both technological and commercial innovation.

    “The first step on the ladder is hybridization – we need to introduce more renewables. That is how we offset costs and get more sustainable,” said Christoffer Ek, Director of Decarbonization Services at Wärtsilä Energy, emphasizing that “Hybridization is key to communities in Africa when it comes to affordable, reliable and sustainable energy.”

    With the continent’s electricity consumption per capita hovering around 500 kWh per year – a fraction of global averages, according to Silvia Macri, Associate Director at S&P Global Commodity Insights – the stakes are high. Over-reliance on a single energy source is a major contributor to Africa’s frequent power outages and unreliable supply.

    “We are seeing a lot of power mixes relying on fossil fuels too heavily, or on one source of power, which is a major risk factor. We have consistent power outages and crises in a lot of markets,” she said, adding, “The power gap is not solved by adding capacity alone.”

    Macri pointed to Kenya as a regional success story, where strategic investment in geothermal energy has led to a significant increase in electricity access. “Kenya doubled its electricity access in less than a decade,” said Macri, highlighting that Africa’s broad access to both renewable and fossil resources gives it a unique advantage if the right mix can be struck.

    MIL OSI Africa –

    May 16, 2025

  • MIL-OSI Africa: “We Don’t Have the Luxury of Time”: Global Energy Leaders Urge Swift Action on Africa’s Resources

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

    PARIS, France, May 15, 2025/APO Group/ —

    In a striking call to action at the closing session of the Invest in African Energy Forum in Paris, Energean CEO Mathios Rigas laid out a bold vision to replicate the company’s Mediterranean success across Africa, urging African governments to accelerate decision-making and prioritize the development of untapped gas resources.

    Rigas’ remarks came during the high-profile panel, The Future of Global Energy Partnerships: Seizing Africa’s Untapped Market Opportunities –sponsored be Energean – which brought together global energy leaders to underscore Africa’s central role in shaping the future of secure, inclusive and sustainable energy systems.

    “We want to bring the same model that worked in the Mediterranean to Africa,” said Rigas. “We don’t have the luxury of time. This is not exclusive [to] renewables or natural gas. To solve energy poverty, affordability and accessibility for the whole continent – we need everything.”

    Energean, which has invested over $3 billion in the Mediterranean over the last five years, is now looking to deploy the same integrated development approach across Africa. But Rigas warned that success depends on bold leadership from governments: “If there are resources being undeveloped, push people to develop them. If they don’t want to, there’s someone else who will.”

    His comments were nuanced by Tim Gould, Chief Energy Economist at the International Energy Agency (IEA), who emphasized the need for a balanced and pragmatic approach to Africa’s energy development.

    “There’s extraordinary untapped potential, given the richness of the renewable resource across many parts of Africa. But we also recognize that the conversation about Africa’s development cannot end with renewables,” said Gould. “For the IEA, energy security is our core mandate. We don’t see security and sustainability at opposite ends of the spectrum.”

    This framing underscored a growing consensus that Africa’s energy mix must be as diverse as its development challenges, with Gould calling for “integrated development of energy systems” that balance affordability, sustainability and sovereignty.

    Namibia’s Petroleum Commissioner Maggy Shino offered a compelling national perspective, highlighting how the country’s nascent oil sector could be a springboard for economic transformation, particularly through the development of specialized skills and long-term industrial capacity.

    “We are going to establish Lüderitz as an energy hub – that’s where we’re putting the infrastructure to evacuate the green hydrogen we will produce in Namibia, as well as the infrastructure for developing the petrochemical industry,” she said.

    Shino emphasized that resource revenues should be leveraged strategically to build the country’s future, not just to meet short-term needs. “We are at a time where Africa should move away from using revenues from resources to address the problems of today. They should be used as seed capital to grow the future.”

    Cheick-Omar Diallo, Leader Task Force Communication and Spokesperson for TotalEnergies on the East African Crude Oil Pipeline, defended the development as a sovereign decision by Uganda and Tanzania, emphasizing the company’s efforts to uphold environmental standards, minimize displacement and ensure local benefits.

    “We want to be a responsible operator – that means producing to the highest standards while addressing biodiversity and community concerns,” said Diallo. “This was not just a TotalEnergies project – it was a sovereign decision by Uganda and Tanzania. Once that decision is made, the question is how to implement it responsibly. We avoided sensitive areas along the pipeline route, and while displacement is never ideal, it is a reality of infrastructure projects.”

    The panel marked a fitting conclusion to the forum, blending urgency, realism and ambition. While global players like Energean and the IEA called for speed and pragmatism, African leaders insisted that the path forward must be driven by national priorities and long-term value creation.

    MIL OSI Africa –

    May 16, 2025

  • MIL-OSI: Michael Sandin Appointed Interim CFO of Serstech

    Source: GlobeNewswire (MIL-OSI)

    Serstech’s Chief Financial Officer, Simon Persson, will be on parental leave from June 1 to October 31, 2025. During this period, Michael Sandin will assume the role of interim CFO.

    Michael Sandin brings over 30 years of experience in finance, including roles as an accountant and as CEO of Outbrave Finance, based in Malmö. Michael has a degree in finance from Lund University in Sweden.

    “We are pleased to welcome Michael to the Serstech team during Simon’s temporary leave. His extensive experience will ensure continued financial leadership and stability during this period,” says Stefan Sandor, CEO of Serstech.

    For further information, please contact:
    Stefan Sandor,
    CEO, Serstech AB

    Phone: +46 739 606 067
    Email: ss@serstech.com

    or

    Thomas Pileby,
    Chairman of the Board, Serstech AB

    Phone: +46 702 072 643
    Email: tp@serstech.com
    or visit: www.serstech.com

    Certified advisor to Serstech is Svensk Kapitalmarknadsgranskning AB (SKMG).

    About Serstech

    Serstech delivers solutions for chemical identification and has customers around the world, mainly in the safety and security industry. Typical customers are customs, police authorities, security organizations and first responders. The solutions and technology are however not limited to security applications and potentially any industry using chemicals of some kind could be addressed by Serstech’s solution. Serstech’s head office is in Sweden and all production is done in Sweden.

    Serstech is traded at Nasdaq First North Growth Market and more information about the company can be found at www.serstech.com

    The MIL Network –

    May 16, 2025

  • MIL-OSI: Baltic Horizon Fund publishes its NAV for April 2025

    Source: GlobeNewswire (MIL-OSI)

    The net asset value (NAV) per unit of the Baltic Horizon Fund (the Fund) decreased to EUR 0.6740 at the end of April 2025 (0.6769 as of 31 March 2025). The month-end total net asset value of the Fund was EUR 96.8 million (EUR 97.2 million as of 31 March 2025). A minor NAV decline stemmed from the decrease in fair value of the derivative financial instruments and expenses incurred due to the early partial bond redemption. The EPRA NRV as of 30 April 2025 stood at EUR 0.7200 per unit.

    In April 2025, the consolidated net rental income of the Fund remained at the same level, amounting to EUR 1.0 million (EUR 1.0 million in March 2025).

    At the end of April 2025, the Fund’s consolidated cash and cash equivalents amounted to EUR 8.2 million (31 March 2025: EUR 12.8 million). As of 30 April 2025, the total consolidated assets of the Fund were EUR 239.0 million (31 March 2025: EUR 243.2 million). The decrease is mainly related to early partial redemption of the bonds on 10 April 2025 in the amount of EUR 3 million.

    For additional information, please contact:

    Tarmo Karotam
    Baltic Horizon Fund manager
    E-mail tarmo.karotam@nh-cap.com
    www.baltichorizon.com

    The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. 

    Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com

    To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com. You can also follow Baltic Horizon Fund on www.baltichorizon.com and on LinkedIn, Facebook, X and YouTube.

    The MIL Network –

    May 16, 2025

  • MIL-OSI: No KYC. 100x Leverage. Double Deposit Bonus. Crypto Futures Trading Made Easy on BexBack

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 15, 2025 (GLOBE NEWSWIRE) — With the price of Bitcoin fluctuating above $100,000, many analysts are predicting a prolonged period of high volatility in the cryptocurrency market. Holding spot positions may struggle to generate short-term profits in such conditions. As a result, 100x leverage futures trading has become the preferred tool for seasoned investors looking to maximize potential gains in this volatile market. BexBack Exchange is ramping up its efforts to offer traders unmatched promotional packages. The platform now features a 100% deposit bonus, a $50 welcome bonus for new users, and 100x leverage on cryptocurrency trading, providing exceptional opportunities for investors.

    Advantages of 100x Leverage Crypto Futures

    1. Amplified Profits: Control large positions with a small amount of capital, capturing more profits from market fluctuations.
    2. Low Capital Requirement: Participate in high-value trades with minimal investment, lowering the entry barrier.
    3. Increased Market Opportunities: Profit quickly from price fluctuations, especially in volatile markets.
    4. High Capital Efficiency: Leverage enables better use of your capital, expanding your investment potential.
    5. Profit from Both Up and Down Markets: Adapt to any market conditions, with opportunities to profit whether the market goes up or down.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign Up Now on BexBack — Break the 100x Leverage and KYC Barriers, Get Double Deposit Bonus and $50 Welcome Bonus Instantly

    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/33a2f92a-19d5-458b-9591-7d22ecb524df

    https://www.globenewswire.com/NewsRoom/AttachmentNg/5b8f4756-81a9-422d-89a0-52bf94338f93

    https://www.globenewswire.com/NewsRoom/AttachmentNg/cef19994-896c-42eb-9e8e-7ff269e9bd2f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ff556d3d-4f48-4d4d-909d-21f25e3f2dfe

    The MIL Network –

    May 16, 2025

  • MIL-OSI United Kingdom: Supporting customers through their application journey

    Source: United Kingdom – Executive Government & Departments

    News story

    Supporting customers through their application journey

    Steven Darling, Customer Experience Director, explains SLC’s approach to supporting customers.

    SLC has more than nine million customers which includes new and returning students as well as customers who are now repaying their loans – and this number grows every year.

    Around 1.5 million applications are submitted annually by students for tuition fees and maintenance loans to support their academic aspirations – (there are also more specific loans and grants available, including Parents’ Learning Allowance and Disabled Students’ Allowance for eligible students) – so it’s easy to see how our business has continued to grow over the last 30+ years.

    With this evolution comes opportunities as well as challenges, especially against a backdrop of changes in consumer behaviour and the monumental shift to digital technologies that has far advanced anything we could have imagined when SLC was in its infancy.

    SLC’s digital services are amongst the most frequently used in the public sector. Between our ‘Apply for Student Finance’ and ‘Manage my balance’ digital services, we handle around 75m interactions every year, which equates to roughly 94% of all our customer interactions. The vast majority of our customers expect their experience with SLC to be entirely digital and just as good as the experiences they have with organisations in the private sector – easy, fast and with minimal effort.

    Meeting these expectations and delivering improvements to our digital services is a significant piece of work and will take time. But I am pleased to say, we are making progress.

    Central to these improvements is enabling our customers to fully self-serve in their online accounts and more services are being added regularly– for example our digital refund service launched last year with customers now being able to request a refund online, if their earnings are below the annual threshold.  

    Our customers also want features within their online account to support them through a self-serve experience. This is why we have created a range of self-help tools including our application tracker and virtual assistant, as well as common question articles to support customers with any questions that they may have.

    Unlike other application processes that students may have encountered through a bank or mobile provider, it can take around six to eight weeks for a student finance application to be processed and approved. This is because most students apply at the same time each year and a range of checks need to be undertaken to verify customer details, as well as ensure the eligibility criteria is met.

    SLC is striving to deliver a fast and seamless experience, but sometimes those processes and checks happening in the background can prolong the length of time it takes for a customer’s application to progress through its journey.

    We also understand this can be an anxious wait for customers and our online application status tracker is designed to keep customers fully informed of progress and any actions they need to complete to progress through their journey.

    Most of the interactions our customers have with us happen online, and more and more customers are getting updates and tracking their progress there, SLC can devote even more effort to processing applications and getting customer accounts ‘ready to pay’ in time for term start.

    But we are always here to support our customers, and we’ve recently aligned our customer contact teams across our business to provide a more streamlined experience and expanded our Live Chat team. Our Live Chat service is available to customers through their online account and is a fast alternative to calling.

    We are heading into our busiest period. Exams will soon be over, and customers will start to look at the university to-do list which is where student finance usually comes to the forefront. This is why we’ve been reminding and encouraging customers to get ahead and apply for student finance asap.

    SLC data showed that 45% of applications were received after the application deadline last year, but applying before the deadline (16 May 2025) is the best way to ensure that funding is in place for the start of the 25/26 academic year. Customers can apply even if they don’t have a confirmed place at university or college (read all of our top tips here) and we’ve already received 630,000 applications since we opened our application window earlier this year, and our Customer Operations team have more in the ‘ready to pay’ status than ever before, which is encouraging.

    So, with the application deadline approaching, I would encourage students to make sure their student finance application is in and sit back and let us handle the rest.

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    Updates to this page

    Published 15 May 2025

    MIL OSI United Kingdom –

    May 16, 2025

  • MIL-OSI United Kingdom: Mayor encourages public and employers to choose active travel with launch of 2025 Active Travel Cha

    Source: Northern Ireland – City of Derry

    Mayor encourages public and employers to choose active travel with launch of 2025 Active Travel Cha

    15 May 2025

    Individuals, organisations and businesses can register now to take part in this fun challenge to improve their health and the environment by walking, cycling or using public transport to commute to work, school, or for social and leisure activities.

     

    To support healthier, greener travel choices, Mayor of Derry City & Strabane District Council, Cllr Lilian Seenoi-Barr was joined by challenge partners to launch the 2025 Active Travel Challenge for participants in the Northwest.

    Throughout June, the initiative encourages people across Northern Ireland to leave the car at home in favour of walking, cycling, public transport or other active travel options.

    Mayor of Derry City & Strabane District Council, Cllr Lilian Seenoi-Barr, said: “This challenge is a brilliant way to give people the impetus to consider their active travel options to work. Our Council area’s ever expanding greenway network and Translink’s frequent services around the City and District means there has never been a better time to switch to active travel. 

    “Active travel is a great way to introduce physical activity to your daily routine and reap the health and fitness benefits of regular exercise. You’ll be playing your role in protecting the planet and you’ll be surprised how much money it saves over a month so sign up today and start reaping the rewards.”

     

    Funded by Translink, the Department for Infrastructure and the Public Health Agency (PHA), and delivered in partnership with Sustrans, Western Health and Social Care Trust and Derry City & Strabane District Council, the Active Travel Challenge has also been backed by the Infrastructure Minister, Liz Kimmins MLA, highlighting the growing momentum around sustainable travel.

     

    Minister Kimmins commented: “Investing in cleaner and greener transport is one of my department’s seven Foundations for a Better Future.

    “Signing up to the Active Travel Challenge this June is a great way to start making little changes in how we travel. Choosing to walk, wheel or cycle for shorter everyday journeys, and combining this with public transport for longer trips, is good for the environment and helps us build a healthier body and mind.

    “I would like to build on the success of the 2024 challenge which had over 1,400 participants and over 21,000 active journeys logged and would encourage employers and individuals to register and start making a difference today.” 

    Chris Conway, Translink Group Chief Executive, said: “It is great to see this initiative growing year on year encouraging more people to give sustainable and active travel a go. Last year’s challenge saw an impressive collective saving of around 13 tonnes (13,000kg) of CO₂ emissions helping reduce congestion and improve air quality.

     

    Research shows that people who take public transport are more active, clocking up more steps, helping support physical and mental wellbeing. We look forward to playing our part in this annual challenge, working together to create a healthier society and more sustainable future for everyone.”

    Aidan Dawson, Chief Executive of the PHA, said: “The Active Travel Challenge gives everyone the opportunity to look at ways we can incorporate physical activity into our daily routines. Getting more active can help us maintain a healthy weight, improve sleep quality and help reduce anxiety and the risk of developing chronic conditions such as heart disease, osteoporosis, some cancers and type 2 diabetes.

    “As well as all that, it can also boost your mental health and wellbeing. The PHA would encourage everyone across Northern Ireland to take part in the Active Travel Challenge to benefit your mental and physical wellbeing and help our planet by reducing your carbon footprint.”

    Claire Pollock, Head of Sustrans Northern Ireland, added: ”The Active Travel Challenge is a great opportunity for people to leave the car behind and choose walking, cycling and public transport options instead.  We encourage everyone to make the change to a healthier lifestyle that will also benefit the environment.”

    The initiative is open to everyone of all ages across Northern Ireland. It also presents a valuable opportunity for businesses, community organisations, universities, and local authorities to engage staff, students and members, encouraging friendly competition and supporting long-term modal shift.

    Registration is free and is open now online. Participants can register as individuals or teams and simply log their active journeys online, for a chance to win a range of rewards including retail vouchers, travel passes, gym memberships and much more.

    To find out more and get involved in this year’s Active Travel Challenge go to atc.getmeactive.org.uk or email [email protected]. Keep up to date with all the latest ATC action on social media using #GetMeActiveNI

    MIL OSI United Kingdom –

    May 16, 2025

  • MIL-OSI: Crowd Street Sponsors Premier Venture Capital Event To Showcase Momentum in Self-Directed Private Market Investing

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) — Crowd Street, the direct-access private market investment platform dedicated to helping members reach their financial ambitions, today announced its sponsorship of Beyond Summit 2025. Beyond Summit, which runs from May 19-21 in Carlsbad, Calif., is an annual event hosted by Allocate, a leading technology platform transforming private market investing for wealth advisors and family offices. The conference is a premier gathering designed to bring together leading limited partners, fund managers, venture and technology leaders to discuss the future of innovation and private markets investing.

    As the world of private market investing enters an increasingly exciting inflection point, Crowd Street’s goal is to help individual investors gain access to private market opportunities that have historically been reserved for institutions and ultra-high-net-worth individuals. Through its presence at Beyond Summit, Crowd Street is reinforcing its commitment to providing more access and education across various asset classes in an effort to reimagine wealth-building strategies for a new generation of investors.

    “Private markets are no longer a niche segment of the investment landscape – it is a thriving ecosystem with the potential to redefine how individual investors diversify their portfolios and work to build wealth,” said John Imbriglia, CEO of Crowd Street. “Our mission is to help inspire and empower the millions of individual investors in this country who want to realize their financial goals through a self-directed platform. We have admired what Allocate has been building since it first started, so it makes sense to support them at the Beyond Summit. We believe the rising tide of private market investing will lift all boats. We currently have tens of thousands of accredited investors who are actively investing in real estate through our platform. As more and more people understand the potential for wealth creation in private markets, we expect our member base to grow significantly, especially as we work to expand our investment offerings to more asset classes such as private equity and private credit.”

    “Like Crowd Street, we have seen the growing interest in Private Market investing from family offices and registered investment advisors,” said Samir Kaji, CEO of Allocate. “We’re grateful to have Crowd Street as a premier sponsor for this event. We are thrilled to share the energizing trajectory of our industry with Crowd Street – a company that appears to have what it takes to meet the moment and shape the future. Through the lens of Venture Capital, we have been at the forefront of all of this increased interest in private market investing. It feels like the demand that has been bubbling beneath the surface in recent years is getting ready to explode. So, it’s a very exciting moment for Allocate and Crowd Street to stay closely connected.”

    The invite-only event will bring together over 200 of the most influential minds in the industry to explore the rising potential of private market investing. Last year’s event welcomed more than 200 family offices, representing 13 countries and 70 cities, and included 70+ venture general partners.

    According to Allocate, attendees will hear from some of the most insightful investors in private markets and the innovation economy from leading companies such as OpenAI, Kleiner Perkins, Forerunner and more. These leaders will discuss what it takes to implement succession planning at a top-tier venture capital franchise and explore how private capital – coupled with a multi-asset investment approach from one of the world’s largest family offices – is driving impactful societal and environmental change. Most importantly, attendees will receive unique insights into private market investments, gain greater education into the private market ecosystem, and understand the opportunity in self-directed access to private market investing.

    Together, Crowd Street and Allocate are committed to the larger purpose of giving access to self-directed investors to the expansive private market ecosystem that has an $87 trillion market opportunity (Blue Owl, February 2025). By providing the tools, education, and connections needed to navigate the private markets, individual investors will have the necessary understanding to explore various asset classes with confidence. As self-directed private market investing continues to gain traction, this collaboration is a testament to how the future of wealth-building may be rooted in shared access.

    This sponsorship follows Crowd Street’s latest brand-building initiatives, which demonstrate the company’s broader vision of providing self-directed access to private market investments that have typically been reserved for institutions and wealth managers. To learn more about Crowd Street’s new vision that will help empower the next generation of private market investors, visit https://new.crowdstreet.com/.

    About Crowd Street
    Crowd Street empowers its members to reach their financial ambitions through self-directed private market investments. The platform offers a carefully selected marketplace of alternative investment opportunities that have historically only been available to a small group of people. In addition to providing advanced tools, research, and insights to help investors confidently explore these exclusive opportunities, Crowd Street is also building a member experience rooted in trust and experience – further bridging the gap between investment opportunities and true financial wealth. Learn more at https://www.crowdstreet.com/.

    Media Contact
    LaunchSquad
    CrowdStreet@launchsquad.com

    CrowdStreet, Inc. (“Crowd Street”) offers investment opportunities and financial services on its website. Broker dealer services provided in connection with an investment are offered through CrowdStreet Capital LLC (“Crowd Street Capital”), a registered broker dealer, Member FINRA/SIPC. Advisory services are offered through CrowdStreet Advisors, LLC (“Crowd Street Advisors”), a wholly-owned subsidiary of Crowd Street and a federally registered investment adviser. Investment opportunities available through Crowd Street are speculative and involve substantial risk. You should not invest unless you can sustain the risk of loss of capital, including the risk of total loss of capital. All investors should consider their individual factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate.

    The MIL Network –

    May 16, 2025

  • MIL-OSI USA: Advancing Science and Technology Research

    Source: US State of New York

    overnor Kathy Hochul celebrated the groundbreaking of Farmingdale State College’s new state-of-the-art Computer Sciences Center, a part of the Governor’s efforts to advance science and technology research and economic opportunities for New Yorkers. The project is made possible by a $30 million investment through Empire State Development’s Long Island Investment Fund and $45 million in Capital funding from SUNY.

    “In New York, we are shaping our students to be the next generation of leaders,” Governor Hochul said. “Our SUNYs and CUNYs provide an exceptional and well-rounded education for New Yorkers to explore science and technology research — the groundbreaking of the Computer Sciences Center at Farmingdale will uncover technological advancements and advance economic opportunities in our state; that’s how we build a better New York.”

    SUNY Chancellor John B. King said, “Our SUNY campuses play an integral role in preparing the next generation of skilled professionals for New York’s advancing STEM sector. We applaud Governor Hochul’s vision and commitment, and we are thankful for our partnership with Empire State Development, which has made the Computer Sciences Center at Farmingdale a reality.”

    The SUNY Board of Trustees said, “Congratulations to Farmingdale State College on the groundbreaking of their Computer Sciences Center. Today’s event marks a monumental milestone in SUNY’s work, alongside Governor Hochul and state leaders, to ensure students passionate about research and technological advancements have the resources they need to achieve their goals.”

    Empire State Development President, CEO and Commissioner Hope Knight said, “Today’s groundbreaking at Farmingdale State College represents a transformative step forward for Long Island’s technology sector. This project will catalyze economic growth across the region by connecting talented students directly with industry partners who need their skills. As businesses and academia collaborate in innovative ways, we’ll see accelerated technological advancement, a more robust talent pipeline, and a stronger, more competitive New York economy ready to lead in tomorrow’s technology landscape.”

    Empire State Development Board Chairman Kevin Law said, “Today we’re breaking ground on more than just a building—we’re establishing a cornerstone for Long Island’s technological advancement. This center represents a critical investment in our regional economy, creating both immediate construction jobs and long-term opportunities in high-growth sectors. The ripple effects will benefit communities across Long Island as graduates fill skilled positions, businesses find innovative solutions to their challenges, and our region strengthens its competitive position in the global marketplace.”

    The Computer Sciences Center will include new classrooms, computer labs, seminar spaces and a collaborative space for industry-related vendors. It will support Farmingdale’s rapidly growing computer and information science programs, which have experienced a 40 percent increase in enrollment over the last five years. The Computer Sciences Center will be the campus’ first Zero Net Carbon Ready building with an approximate total square footage of 52,000.

    President of Farmingdale State College Robert S. Prezant said, “We are beyond grateful to Governor Hochul, the Empire State Development Corporation, the Long Island Regional Economic Development Council, and the State University of New York for their support in the development of the Computer Sciences Center building on the Farmingdale State College campus. So much more than a building, the center will provide a hub of advanced technology education and programming, enabling interdisciplinary and collaborative innovation, research, and learning. It will also allow us to support increasing enrollment in our technology programs with a focus on workforce development.”

    State Senator Monica R. Martinez said, “Technological advancements continue to move the world and our region forward, and Farmingdale State College’s Center for Computer Science and Information Technology will prepare students for success in these dynamic fields. It is here where a hub for the development of Long Island’s next generation of digital pioneers will soon flourish, and it will be here where the highly skilled workforce essential to fueling this region’s high-tech economy will begin their academic journeys. We are excited for this groundbreaking and for the future, when those who come through this center help shape the breakthroughs that move our world forward.”

    Assemblymember Kwani O’Pharrow said, “This week, we broke ground on a new facility that is envisioned as a dynamic center for collaboration and innovation, bringing together diverse stakeholders like students, educators, and local businesses to foster the development of future technologies, creative ideas, and positive community impact. It emphasizes that this building is not just a physical structure but a symbol of a forward-thinking approach to education, entrepreneurship, and community engagement.”

    Suffolk County Minority Leader Jason Richberg said, “The groundbreaking at Farmingdale State College is more than the start of a new building — it’s the foundation for Long Island’s future. The Center for Computer Science and Information Technology represents a critical investment in education, workforce development, and regional innovation. By bringing together students, local businesses, and community organizations under one roof, we’re not just preparing the next generation of tech leaders — we’re creating pathways to opportunity for all. This is a smart win for taxpayers, leveraging $45 million in SUNY Construction Fund dollars and money from the State’s Long Island Investment Fund to build a cutting-edge facility that will return real value to our region. It exemplifies how public-private partnerships and forward-thinking use of government resources can shape a stronger, more equitable future for Long Island.”

    Town of Babylon Supervisor Rich Schaffer said, “This state-of-the-art facility will not only enhance educational opportunities but also serve as a catalyst for economic growth, ensuring that Long Island remains at the forefront of technological innovation. We are proud to support initiatives that invest in our community’s future and provide our residents with the tools they need to succeed in a rapidly evolving digital landscape.”

    About The State University of New York
    The State University of New York is the largest comprehensive system of higher education in the United States, and more than 95 percent of all New Yorkers live within 30 miles of any one of SUNY’s 64 colleges and universities. Across the system, SUNY has four academic health centers, five hospitals, four medical schools, two dental schools, a law school, the country’s oldest school of maritime, the state’s only college of optometry, and manages one US Department of Energy National Laboratory. In total, SUNY serves about 1.4 million students amongst its entire portfolio of credit- and non-credit-bearing courses and programs, continuing education, and community outreach programs. SUNY oversees nearly a quarter of academic research in New York. Research expenditures system-wide are nearly $1.16 billion in fiscal year 2024, including significant contributions from students and faculty. There are more than three million SUNY alumni worldwide, and one in three New Yorkers with a college degree is a SUNY alum. To learn more about how SUNY creates opportunities, visit www.suny.edu.

    MIL OSI USA News –

    May 16, 2025

  • MIL-OSI: Vocodia Secures Up to $3 Million to Advance Digital Asset Strategy

    Source: GlobeNewswire (MIL-OSI)

    BOCA RATON, Fla., May 15, 2025 (GLOBE NEWSWIRE) — Vocodia Holdings Corp. (OTC: VHAI), a provider of AI-powered customer engagement solutions, today announced it has secured up to $3 million in funding to support the company’s entry into the digital asset space.

    The capital will be used to acquire select digital assets, aligning with Vocodia’s long-term technology and investment strategy. The company’s proprietary Predictive AI tools, developed in collaboration with strategic partners, will guide asset selection and risk management to build a diversified portfolio.

    “This funding enhances our ability to strategically enter the digital asset space in a way that aligns with our core competencies in AI and data analysis,” said Brian Podolak, CEO of Vocodia. “We’re not just speculating—we’re applying real technology to make informed decisions and drive long-term value.”

    About Vocodia Holdings Corp.
    Vocodia is an AI software company that develops practical AI solutions, making them easily accessible for businesses through cloud-based platforms. These solutions are cost-effective and scalable to enterprise levels. Vocodia specializes in conversational AI, providing scalable enterprise-level AI sales and customer service solutions. Their Digital Intelligent Sales Agents (DISAs) are designed to sound and feel human, performing tasks that require human-like conversation, thereby reducing labor costs and enhancing communication effectiveness. For more information, please visit: http://www.vocodia.com

    Forward-Looking Statements
    This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. 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 risks and uncertainties more fully in the section captioned “Risk Factors” in the Company’s Registration Statement on Form S-1 related to the public offering (SEC File No. File No. 333-269489) and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, our actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date and undertake no duty to update such information except as required under applicable law.

    Investor Relations Contact: 
    ir@vocodia.com

    The MIL Network –

    May 16, 2025

  • MIL-OSI: Micropolis to Present at the Aegis Capital Corp. 2025 Virtual Conference on May 20th

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, May 15, 2025 (GLOBE NEWSWIRE) — Micropolis Holding Co. (“Micropolis” or the “Company”) (NYSE: MCRP), a pioneer in unmanned ground vehicles and AI-driven security solutions, today announced that its management team is scheduled to present at the Aegis Capital Corp. 2025 Virtual Conference on May 20, 2025.

    Presentation Details:
    Date: May 20, 2025
    Time: 12:30 p.m. ET
    Webcast: Register Here

    For more information, please contact your Aegis Capital representative or email KCSA Strategic Communications at Micropolis@kcsa.com.

    About Micropolis Holding Co.
    Micropolis is a UAE-based company specializing in the design, development, and manufacturing of unmanned ground vehicles (UGVs), AI systems, and smart infrastructure for urban, security, and industrial applications. The Company’s vertically integrated capabilities cover everything from mechatronics and embedded systems to AI software and high-level autonomy.

    For more information please visit www.micropolis.ai.

    Investor Contact:
    KCSA Strategic Communications
    Valter Pinto, Managing Director
    PH: (212) 896-1254
    Valter@KCSA.com

    Media Contact:
    Jessica Starman
    media@elev8newmedia.com

    The MIL Network –

    May 16, 2025

  • MIL-OSI: Drone as a Service Market Well Poised for Sustained Growth in Commercial, Industrial and Civic Usage

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 15, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Industry experts are expecting the Drone Service market to flourish. One such report from FACT.MR projected that the drone services market is valued at USD 8.66 billion in 2025 and the industry will grow at a CAGR of 14.3% and reach USD 32.96 billion by 2035. The report said: “In 2024, the drone services industry recorded dynamic shifts fueled by regulatory clarity, commercial adoption, and end-user digitization efforts. Fact.MR analysis found that demand surged notably in the precision agriculture segment, particularly across North America and Western Europe, as growers adopted drone-based imaging and multispectral analysis to improve field-level decision-making. In the mining as well as construction sectors, companies increased use of aerial mapping, which provided real-time volumetric analysis as well as site safety compliance. At the same time, drone-enabled monitoring made substantial progress in city policing and border security, with large pilot schemes initiated in the Middle East and South Asia. Commercial media organizations, event producers, and property agents also ramped up drone-based photography as well as filming in anticipation of increasing visual content needs. These trends reinforced a larger move away from use-case limitations toward operational adoption across industries.”   Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Vertical Aerospace (NYSE: EVTL), Unusual Machines, Inc. (NYSE American: UMAC), NVIDIA Corporation (NASDAQ: NVDA), Archer Aviation Inc. (NYSE: ACHR).

    FACT.MR continued: “As the sector moves into 2025, the environment is on the cusp of increased scalability. Business drone fleets are moving from pilot to standard operations, particularly in logistics and asset inspection. Fact.MR indicates that increasing adoption of AI-driven navigation, enhanced battery density, and BVLOS (Beyond Visual Line of Sight) capabilities will drastically enhance service accuracy and cost-effectiveness. Valued at USD 8.66 billion in 2025 and expected to reach USD 32.96 billion by 2035 at a CAGR of 14.3%, the industry is well placed for sustained growth in industrial and civic usage. To stay ahead, companies must immediately pivot toward building integrated drone service platforms that combine AI-enabled flight autonomy, sector-specific analytics, and BVLOS capabilities. This intelligence highlights a shift from isolated deployments to enterprisescale drone ecosystems, requiring the client to reprioritize R&D toward modular, scalable solutions for logistics, agriculture, and infrastructure sectors.”

    ZenaTech (NASDAQ:ZENA) Reports Nearly Double Revenue Year-Over-Year for the First Quarter of 2025 – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces financial results for the first quarter 2025.

    First Quarter 2025 Highlights:

    • Total revenues for the first quarter of 2025 were $1.13 million, up 92% compared to $591,379 for the first quarter of 2024 primarily due to acquisitions and organic growth.
    • ZenaTech’s new Drone as a Service or DaaS segment grew from completing two acquisitions of land survey drone servicing companies ─ Oregon-based Weddle Surveying and Florida-based KJM Land Surveying. The Company also signed five LOIs (Letter of Intent) for additional acquisitions during the quarter.
    • The company acquired Othership, a UK workplace management software company supporting its enterprise SaaS software segment, where it plans to leverage workplace AI and quantum computing productivity solutions targeting business and government customers.
    • The company made investments in longer term growth and in new segment development that caused general and administrative expenses to increase to $5.75 million in Q1 2025 versus about $0.7 million in Q1 of 2024. This primarily consisted of sales and marketing activities, new hires, professional services, and finance expenses.
    • ZenaTech made investments in its subsidiary ZenaDrone’s UAE manufacturing capabilities during the quarter, including hiring 35 new engineers and technicians. Also announced was the opening of a drone testing facility in Turkey for beyond-the-line-of-sight drone testing.
    • Drone product highlights in Q1 include finalizing the third-generation design and “production model” of the ZenaDrone 1000 drone that will enable the start of scaling up of production. The company also announced the IQ Square drone has moved from prototype to manufacturing stage.
    • The commence of work on a heavy-lift gas-powered ZD 1000 model for longer fight times for US defense applications took place during the quarter. Testing also commenced on a new high-density drone battery and a proprietary communications system for this drone.
    • The company reported that ZenaDrone is preparing for Green UAS followed by Blue UAS certification required to sell to the US Military. Additionally, it is reviewing and putting in place cybersecurity practices, documentation, and internal controls necessary to apply for this certification.
    • ZenaTech further expanded its Taiwan drone component manufacturer─ Spider Vision Sensors, adding additional engineering and business development staff. It also announced the first Blue UAS-certifiable drone sensors are under development.

    “The first quarter of 2025 was a very strong and encouraging start to the year as revenue nearly doubled, up 92% primarily due to acquisitions and organic growth across both our software and drone segments,” said CEO Shaun Passley, Ph.D. “During the first quarter we launched our Drone as a Service or DaaS business segment with a vision to have a national footprint in the US and globally.”

    “Although expenses increased during the first quarter, these are investments intended to grow the company over the long-term, namely in marketing, manufacturing, product development and testing capacity, which we believe will yield future rewards.

    “We believe that this quarter’s performance demonstrates that our strategy to disrupt legacy businesses like land surveys via a DaaS business model is on track. Our momentum is strong, and we are well positioned to expand our range of drone services with a pipeline of over 20 acquisitions over the next 12 months,” concluded Dr. Passley. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    In Additional ZENA News: ZenaTech’s (NASDAQ:ZENA) Expands Drone-as-a-Service (DaaS) Exterior Building Power Washing to Dubai Tapping into a Global Drone Cleaning Services Market Growing to USD 13 Billion by 2030 – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announced it is expanding its United Arab Emirates (UAE) presence by establishing a new office to sell Drone-as-a-Service (DaaS) offerings based in Dubai. Initially this office will focus on delivering drone-powered cleaning services for building exteriors using the IQ Square drone tethered to a water pipe and electrical cord. The company is currently obtaining a permit from the Dubai Civil Aviation Authority to begin power wash testing and operations. Supporting this expansion, ZenaTech will hire two business development managers and up to four additional drone pilots, with drones supplied from its subsidiary ZenaDrone which has a manufacturing hub in nearby Sharjah.

    The global drone power washing market falls under a broader drone cleaning services market category that was valued at approximately USD 4.36 billion in 2023 and is projected to reach USD 13.2 billion by 2030, growing at a compound annual growth rate (CAGR) of almost 17% according to market analyst Valuates Reports , fueled by increasing demand for safe, efficient and cost-effective maintenance solutions.

    “With rising demand for tech-enabled and efficient maintenance solutions, whether for power washing buildings, renewable energy assets, or public spaces, we believe AI-powered drones will bring new safety standards, cost-efficiency, and greater environmental sustainability to maintenance tasks. UAE’s openness to innovative technology makes it an ideal launchpad for these DaaS solutions that we hope to expand to all seven emirates in addition to the US and Europe,” said CEO Shaun Passley, Ph.D.   Continued… Read this full release by visiting: https://www.zenatech.com/newsroom/

    Other recent developments in the drone industry include:

    Vertical Aerospace (NYSE: EVTL), a global aerospace and technology company that is pioneering electric aviation, recently provided an operating update and released financial results for the first quarter ended March 31, 2025. The first quarter 2025 results filing is accessible on the Company’s investor relations website.

    Stuart Simpson, CEO at Vertical, said: “2025 is on pace to be a transformational year for Vertical as we advance our piloted flight test programme and move into the final flight test phases. With the announcement of our hybrid-electric programme – opening up new high-value markets – and the expansion of our partnership with Honeywell to certify critical flight systems, we are deepening our technical and commercial edge. With growing regulatory confidence in the VX4 and a strong team behind us, we’re well positioned to deliver a scalable, certifiable aircraft to the global market.”

    Unusual Machines, Inc. (NYSE American: UMAC) (“Unusual Machines” or the “Company”), a leading U.S. manufacturer of drone components, recently announced it will exhibit at AUVSI XPONENTIAL 2025, the premier event for autonomy and uncrewed systems, taking place May 20-22, 2025, at the George R. Brown Convention Center in Houston, Texas.

    Unusual Machines will host a booth on the expo floor, where the Company will feature its new U.S.-made FPV motors and its growing portfolio of Blue UAS Framework-approved drone components. These offerings underscore Unusual Machines’ commitment to delivering high-performance, NDAA-compliant drone technology for defense, commercial, and public safety applications.

    Attendees are invited to visit the booth for product demonstrations and to meet with representatives from Unusual Machines. The Company will be actively engaging with integrators, OEMs, and procurement professionals throughout the event and will be ready to take orders on-site.

    Vision software company Foresight Autonomous Holdings has integrated NVIDIA Corporation (NASDAQ: NVDA) Jetson Orin generative AI computing modules into its 3D-perception system.

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

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

    Archer Aviation Inc. (NYSE: ACHR) recently announced operating and financial results for the first quarter ended March 31, 2025. The Company issued a shareholder letter discussing those results, as well as its second quarter 2025 estimates.

    Commenting on first quarter 2025 results, Adam Goldstein, Archer’s founder and CEO, said: “Archer’s pushing the boundaries of what’s possible and reshaping the future of aviation for years to come. This quarter, the team made strong progress across our civil and defense efforts as we continue to deepen our strategic partner relationships and prepare for commercialization in the UAE later this year.”

    About FN Media Group:

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

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

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

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    SOURCE: FN Media Group

    The MIL Network –

    May 16, 2025

  • MIL-OSI Global: Unprecedented cuts to the National Science Foundation endanger research that improves economic growth, national security and your life

    Source: The Conversation – USA – By Paul Bierman, Professor of Natural Resources and Environmental Science, University of Vermont

    The National Science Foundation funds America’s next great innovations, including space-related research. Heritage Space/Heritage Images/Getty Images

    Look closely at your mobile phone or tablet. Touch-screen technology, speech recognition, digital sound recording and the internet were all developed using funding from the U.S. National Science Foundation.

    No matter where you live, NSF-supported research has also made your life safer. Engineering studies have reduced earthquake damage and fatalities through better building design. Improved hurricane and tornado forecasts reflect NSF investment in environmental monitoring and computer modeling of weather. NSF-supported resilience studies reduce risks and losses from wildfires.

    Using NSF funding, scientists have done research that amazes, entertains and enthralls. They have drilled through mile-thick ice sheets to understand the past, visited the wreck of the Titanic and captured images of deep space.

    NSF funding supports research to help minimize risk and harm from natural hazards, including wildfires.
    FEMA/Michael Mancino

    NSF investments have made America and American science great. At least 268 Nobel laureates received NSF grants during their careers. The foundation has partnered with agencies across the government since it was created, including those dealing with national security and space exploration. The Federal Reserve estimates that government-supported research from the NSF and other agencies has had a return on investment of 150% to 300% since 1950, meaning for every dollar U.S. taxpayers invested, they got back between $1.50 and $3.

    However, that funding is now at risk.

    Since January, layoffs, leadership resignations and a massive proposed reorganization have threatened the integrity and mission of the National Science Foundation. Hundreds of research grants have been terminated. The administration’s proposed federal budget for fiscal year 2026 would cut NSF’s funding by 55%, an unprecedented reduction that would end federal support for science research across a wide range of discipines.

    At my own geology lab, I have seen NSF grants catalyze research and the work of dozens of students who have collected data that’s now used to reduce risks from earthquakes, floods, landslides, erosion, sea-level rise and melting glaciers.

    I have also served on advisory committees and review panels for the NSF over the past 30 years and have seen the value the foundation produces for the American people.

    American science’s greatness stemmed from war

    In the 1940s, with the advent of nuclear weapons, the space race and the intensification of the Cold War, American science and engineering expertise became increasingly critical for national defense. At the time, most basic and applied research was done by the military.

    Vannevar Bush, an electrical engineer who oversaw military research efforts during World War II, including development of the atomic bomb, had a different idea.

    He articulated an expansive scientific vision for the United States in Science: The Endless Frontier. The report was a blueprint for an American research juggernaut grounded in the expertise of university faculty, staff and graduate students.

    The National Science Foundation funded some of the earliest weather equipment on satellites. The gold sphere is the Navy Vanguard (SLV-3) satellite, launched in 1958 to monitor cloud cover.
    Bettmann/Getty Images

    On May 10, 1950, after five years of debate and compromise, President Harry Truman signed legislation creating the National Science Foundation and putting Bush’s vision to work. Since then, the foundation has become the leading funder of basic research in the United States.

    NSF’s mandate, then as now, was to support basic research and spread funding for science across all 50 states. Expanding America’s scientific workforce was and remains integral to American prosperity. By 1952, the foundation was awarding merit fellowships to graduate and postdoctoral scientists from every state.

    There were compromises. Control of NSF rested with presidential appointees, disappointing Bush. He wanted scientists in charge to avoid political interference with the foundation’s research agenda.

    NSF funding matters to everyone, everywhere

    Today, American tax dollars supporting science go to every state in the union.

    The states with the most NSF grants awarded between 2011 and 2024 include several that voted Republican in the 2024 election – Texas, Florida, Michigan, North Carolina and Pennsylvania – and several that voted Democratic, including Massachusetts, New York, Virginia and Colorado.

    More than 1,800 public and private institutions, scattered across all 50 states, receive NSF funding. The grants pay the salaries of staff, faculty and students, boosting local employment and supporting college towns and cities. For states with major research universities, those grants add up to hundreds of millions of dollars each year. Even states with few universities each see tens of millions of dollars for research.

    As NSF grant recipients purchase lab supplies and services, those dollars support regional and national economies.

    When NSF budgets are cut and grants are terminated or never awarded, the harm trickles down and communities suffer. Initial NSF funding cuts are already rippling across the country, affecting both national and local economies in red, blue and purple states alike.

    An analysis of a February 2025 proposal that would cut about US$5.5 billion from National Institutes of Health grants estimated the ripple effect through college towns and supply chains would cost $6.1 billion in GDP, or total national productivity, and over 46,000 jobs.

    An uncertain future for American science

    America’s scientific research and training enterprise has enjoyed bipartisan support for decades. Yet, as NSF celebrates its 75th birthday, the future of American science is in doubt. Funding is increasingly uncertain, and politics is driving decisions, as Bush feared 80 years ago.

    A list of grants terminated by the Trump administration, collected both from government websites and scientists themselves, shows that by early May 2025, NSF had stopped funding more than 1,400 existing grants, totaling over a billion dollars of support for research, research training and education.

    Most terminated grants focused on education – the core of science, technology and engineering workforce development critical for supplying highly skilled workers to American companies. For example, NSF provided 1,000 fewer graduate student fellowships in 2025 than in the decade before − a 50% drop in support for America’s best science students.

    American scientists are responding to NSF’s downsizing in diverse ways. Some are pushing back by challenging grant terminations. Others are preparing to leave science or academia. Some are likely to move abroad, taking offers from other nations to recruit American experts. Science organizations and six prior heads of the NSF are calling on Congress to step up and maintain funding for science research and workforce development.

    If these losses continue, the next generation of American scientists will be fewer in number and less well prepared to address the needs of a population facing the threat of more extreme weather, future pandemics and the limits to growth imposed by finite natural resources and other planetary limits.

    Investing in science and engineering is an investment in America. Diminishing NSF and the science it supports will hurt the American economy and the lives of all Americans.

    Paul Bierman receives funding from the National Science Foundation.

    – ref. Unprecedented cuts to the National Science Foundation endanger research that improves economic growth, national security and your life – https://theconversation.com/unprecedented-cuts-to-the-national-science-foundation-endanger-research-that-improves-economic-growth-national-security-and-your-life-256556

    MIL OSI – Global Reports –

    May 16, 2025

  • MIL-OSI: DTST Reports 2025 First Quarter Financial Results and Provides Business Update

    Source: GlobeNewswire (MIL-OSI)

    • Strong Q1 2025 Performance Driven by 14% YoY Revenue Growth in Cloud Infrastructure and Disaster Recovery Services
    • CloudFirst International Expansion Accelerated Through Strategic Partnership with Pulsant
    • Conference Call to be held today at 11:00 am ET

    MELVILLE, N.Y., May 15, 2025 (GLOBE NEWSWIRE) — Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a leading provider of multi-cloud hosting, managed cloud services, disaster recovery, cybersecurity, and IT automation, with direct connection to AWS, Microsoft Azure, and Google Cloud, today provided a business update and reported financial results for the three months ended March 31, 2025.

    First Quarter 2025 Highlights

    • Revenue was $8.1 million, driven by 14% year-over-year growth in Cloud Infrastructure and Disaster Recovery services
    • Gross profit totaled $2.86 million, maintaining consistent margin levels
    • Adjusted EBITDA* reached $497,000, reflecting operational discipline
    • Cash and marketable securities were $11.1 million, with no long term debt

    “We are pleased to report our first quarter results, which reflect both solid financial performance and strategic progress,” said Chuck Piluso, CEO of Data Storage Corporation. “Specifically, CloudFirst Technologies continues to operate profitably on a standalone basis and serves as a scalable, recurring revenue engine. To support our international strategy, we recently partnered with Pulsant, a leading U.K. edge data center provider, enabling us to extend our IBM Power-based cloud offerings across their national footprint. This collaboration positions us to serve regulated and enterprise clients more effectively throughout the U.K. and Europe.”

    “Furthermore, CloudFirst recently completed a major infrastructure upgrade for a long-time enterprise client in the food distribution sector. We migrated legacy systems to high-performance IBM processors, allowing for direct connections with leading providers including AWS, Azure, and Google Cloud—enhancing scalability, security, and cost-efficiency. This contract is an example of how our expertise in delivering complex IT transformations sets us apart in the market and fosters strong client loyalty, with customers consistently returning to us as their trusted partner.”

    Chris Panagiotakos, CFO of Data Storage Corporation, added, “Financially, our core cloud infrastructure and disaster recovery services remain strong performers, evidenced by a 14% year-over-year revenue increase. Our total revenue had a modest decline due to reduced equipment sales, however this aligns with our strategic focus to continue to build a stable high-margin, recurring revenue client base. Our adjusted EBITDA reached $497,000 for the quarter, reflecting our ongoing commitment to operational efficiency and margin discipline. Backed by a strong balance sheet and a growing client base, we are well-positioned to scale our platform, expand our market presence, and create sustained long-term value.”

    Mr. Piluso added, “Overall, we remain focused on growing our high-margin, recurring cloud revenue base, expanding our global partner ecosystem, and delivering the modernization, compliance, and resilience our clients require. These priorities reflect our long-term vision to build a scalable, differentiated platform in the enterprise multi-cloud space.”

    Conference Call

    The Company will host a conference call at 11:00 a.m. Eastern Time on Thursday, May 15, 2025, to discuss the Company’s progress and the financial results for the first quarter of 2025, which ended March 31, 2025.

    The conference call will be available via telephone by dialing toll-free 877-407-9219 for U.S. callers or for international callers +1-412-652-1274. A webcast of the call may be accessed at  DSC Q1 2025 Earnings Call or on the Company’s News & Events section of the website,  www.dtst.com/news-events.

    A webcast replay of the call will be available on the Company’s website (www.dtst.com/news-events) through November 15, 2025. A telephone replay of the call will be available approximately three hours following the call, through May 22, 2025, and can be accessed by dialing 877-660-6853 for U.S. callers or + 1-201-612-7415 for international callers and entering conference ID: 13753165. 

    About Data Storage Corporation
    Data Storage Corporation (Nasdaq: DTST) through its subsidiaries is a leading provider of multi-cloud hosting, fully managed cloud services, disaster recovery, cybersecurity, IT automation, and voice & data solutions.

    Recognizing that data migration is a critical step in transitioning from on-premises systems to the cloud, DSC provides comprehensive migration services to ensure seamless, secure, and efficient data transfer, minimizing downtime and optimizing performance.

    Built on IBM Power servers, DTST’s subsidiary owns their cloud platform manages the platform with the Company’s 24×7 technical team. The Company delivers high-performance, scalable, and secure cloud solutions with interoperability across its infrastructure partners, AWS, Microsoft Azure, and Google Cloud.

    With data centers supporting its CloudFirst platform deployments across the United States, Canada, and the United Kingdom, DSC provides mission-critical solutions to a diverse clientele, including Fortune 500 companies, government agencies, educational institutions, and healthcare organizations.

    As a leader in the multi-billion-dollar cloud hosting and business continuity market, DTST is recognized for its expertise in cloud infrastructure, IT modernization, and data migration, enabling clients to transition to their cloud infrastructure with confidence and operational continuity.

    For more information, please visit www.dtst.com or follow us on X @DataStorageCorp.

    *Adjusted EBITDA is a non-GAAP measure and should not be considered as a substitute for GAAP. Please refer to the Company’s financial disclosures at the end of this press release for a reconciliation to the most directly comparable GAAP measure.

    Safe Harbor Provision

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and include statements regarding CloudFirst Technologies continuing to operate profitably on a standalone basis and serving as a scalable, recurring revenue engine; the collaboration with Pulsant positioning the Company to serve regulated and enterprise clients more effectively throughout the U.K. and Europe; and being well-positioned to scale the Company’s platform, expand its market presence, and create sustained long-term value; the Company building a scalable, differentiated platform in the enterprise cloud space; and the opportunities ahead and the potential to drive continued growth and success. Important factors that could cause actual results to differ materially from current expectations include CloudFirst Technologies’ ability to continue to operate profitably; the Company’s ability to grow its presence in the U.K and Europe, the Company ability to create sustained long-term value and drive continued growth and success. These risks should not be construed as exhaustive and should be read together with the other cautionary statements included in the Company’s Annual Report on Form 10-K for the quarter ended March 31, 2025, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it was initially made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or otherwise.

    Contact:
    Crescendo Communications, LLC
    212-671-1020
    DTST@crescendo-ir.com

    DATA STORAGE CORPORATION AND SUBSIDIARIES
    CONDENSED CONSOLIDATED BALANCE SHEETS
             
        March 31, 2025 (Unaudited)   December 31, 2024
    ASSETS                
    Current Assets:                
    Cash   $ 705,557     $ 1,070,097  
    Accounts receivable (less allowance for credit losses of
    $17,121 and $31,472 as of March 31, 2025, and December
    31, 2024, respectively)    		     5,413,282       2,225,458  
    Marketable securities     10,406,912       11,261,006  
    Prepaid expenses and other current assets     858,490       859,502  
    Total Current Assets     17,384,241       15,416,063  
                     
    Property and Equipment:                
    Property and equipment     9,684,825       9,598,963  
    Less—Accumulated depreciation     (6,456,000 )     (6,159,307 )
    Net Property and Equipment     3,228,825       3,439,656  
                     
    Other Assets:                
     Goodwill     4,238,671       4,238,671  
     Operating lease right-of-use assets     550,653       575,380  
     Other assets     168,120       183,439  
     Intangible assets, net     1,360,220       1,427,006  
    Total Other Assets     6,317,664       6,424,496  
                     
    Total Assets   $ 26,930,730     $ 25,280,215  
                     
    LIABILITIES AND STOCKHOLDERS’ DEFICIT                
    Current Liabilities:                
    Accounts payable and accrued expenses   $ 4,550,524     $ 3,183,379  
    Deferred revenue     290,827       212,390  
    Finance leases payable     —       17,641  
    Finance leases payable related party     —       33,879  
    Operating lease liabilities short term     102,246       98,860  
    Total Current Liabilities     4,943,597       3,546,149  
                     
    Operating lease liabilities     496,691       523,070  
    Deferred Tax Liability     39,031       39,031  
    Total Long-Term Liabilities     535,722       562,101  
                     
    Total Liabilities     5,479,319       4,108,250  
                     
    Commitments and contingencies (Note 7)                
                     
    Stockholders’ Equity:                
    Preferred stock, par value $.001; 10,000,000 shares authorized; 1,401,786 designated as Series A Preferred Stock, par value $.001; 0 shares issued and outstanding at March 31,2025 and December 31, 2024     —       —  
    Common stock, par value $.001; 250,000,000 shares authorized; 7,123,227 and 7,045,108 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively     7,123       7,045  
    Additional paid in capital     40,644,000       40,417,813  
    Accumulated deficit     (18,958,511 )     (18,982,589 )
    Accumulated other comprehensive income (loss)     3,579       (23,214 )
    Total Data Storage Corporation Stockholders’ Equity     21,696,191       21,419,055  
    Non-controlling interest in consolidated subsidiary     (244,780 )     (247,090 )
    Total Stockholders’ Equity     21,451,411       21,171,965  
    Total Liabilities and Stockholders’ Equity   $ 26,930,730     $ 25,280,215  
    DATA STORAGE CORPORATION AND SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (UNAUDITED)
        Three Months Ended March 31,
        2025   2024
             
    Sales   $ 8,083,756     $ 8,235,747  
                     
    Cost of sales     5,223,860       5,269,275  
                     
    Gross Profit     2,859,896       2,966,472  
                     
    Selling, general and administrative     2,952,405       2,752,677  
                     
    Income (loss) from Operations     (92,509 )     213,795  
                     
    Other Income (Expense)                
    Interest income     120,906       143,369  
    Interest expense     (2,009 )     (11,260 )
    Total Other Income     118,897       132,109  
                     
    Income before provision for income taxes     26,388       345,904  
                     
    Provision for income taxes     —       —  
                     
    Net Income     26,388       345,904  
                     
    Gain (loss) in Non-controlling interest in consolidated subsidiary     (2,310 )     11,198  
                     
    Net Income Attributable to Common Stockholders   $ 24,078     $ 357,102  
                     
    Earnings per Share – Basic   $ —     $ 0.05  
    Earnings per Share – Diluted   $ —     $ 0.05  
    Weighted Average Number of Shares – Basic     7,077,913       7,090,389  
    Weighted Average Number of Shares – Diluted     7,405,672       7,259,472  
    DATA STORAGE CORPORATION AND SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (UNAUDITED)
             
        Three Months Ended March 31,
        2025   2024
    Cash Flows from Operating Activities:                
    Net income   $ 26,388     $ 345,904  
    Adjustments to reconcile net income to net cash used in operating activities:                
    Depreciation and amortization     363,379       295,198  
    Stock based compensation     226,265       171,325  
    Change in expected credit losses     (6,995 )     —  
                     
    Changes in Assets and Liabilities:                
    Accounts receivable     (3,180,822 )     (3,177,694 )
    Other assets     15,319       —  
    Prepaid expenses and other current assets     2,936       (153,782 )
    Right of use asset     24,727       26,821  
    Accounts payable and accrued expenses     1,373,552       2,226,932  
    Deferred revenue     78,437       (26,078 )
    Operating lease liability     (22,993 )     (27,250 )
    Net Cash Used in Operating Activities     (1,099,807 )     (318,624 )
    Cash Flows from Investing Activities:                
    Capital expenditures     (67,519 )     (358,637 )
    Purchase of marketable securities     (120,906 )     (143,369 )
    Sale of marketable securities     975,000       200,000  
    Net Cash Provided by (Used in) Investing Activities     786,575       (302,006 )
    Cash Flows from Financing Activities:                
    Repayments of finance lease obligations related party     (33,879 )     (66,280 )
    Repayments of finance lease obligations     (17,641 )     (101,078 )
    Net Cash Used in Financing Activities     (51,520 )     (167,358 )
                     
    Effect of exchange rates on cash     212       —  
                     
    Net decrease in Cash     (364,540 )     (787,988 )
                     
    Cash, Beginning of Period     1,070,097       1,428,730  
                     
    Cash, End of Period   $ 705,557     $ 640,742  
    Supplemental Disclosures:                
    Cash paid for interest   $ 489     $ 8,855  
    Cash paid for income taxes   $ —     $ —  
    Non-cash investing and financing activities:                

    The following table shows the Company’s reconciliation of net income (loss) to adjusted EBITDA for the months ended March 31, 2025, and 2024:

    For the three months ended March 31, 2025
                         
        CloudFirst
    Technologies    		   CloudFirst
    Europe Ltd.    		   Nexxis Inc.   Corporate   Total
                         
    Net income (loss)   $ 1,077,591     $ (455,971 )   $ (7,243 )   $ (587,989 )   $ 26,388  
                                             
    Non-GAAP adjustments:                                        
    Depreciation and amortization     333,615       29,235       209       320       363,379  
                                             
    Interest income     —       —       —       (120,906 )     (120,906 )
    Interest expense     2,009       —       —       —       2,009  
    Provision for income tax     —       —       —       —       —  
    Stock-based compensation     89,665       —       6,429       130,171       226,265  
                                             
    Adjusted EBITDA   $ 1,502,880     $ (426,736 )   $ (605 )   $ (578,404 )   $ 497,135  
    For the three months ended March 31, 2024
                         
        CloudFirst
    Technologies    		   CloudFirst
    Europe Ltd.    		   Nexxis Inc.   Corporate   Total
                         
    Net income   $ 914,372     $ —     $ (62,941 )   $ (505,527 )   $ 345,904  
                                             
    Non-GAAP adjustments:                                        
    Depreciation and amortization     294,793       —       211       194       295,198  
    Interest income     —       —       —       (143,369 )     (143,369 )
    Interest expense     11,260       —       —       —       11,260  
    Stock-based compensation     52,969       —       6,671       111,685       171,235  
                                             
    Adjusted EBITDA   $ 1,273,394     $ —     $ (56,059 )   $ (537,017 )   $ 680,318  

    The MIL Network –

    May 16, 2025
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