NewzIntel.com

Category: Finance

  • MIL-OSI Security: Jefferson County Man Sentenced to Prison on Gun Charge

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

    BIRMINGHAM, Ala. – A Jefferson County man has been sentenced on a gun charge, announced U.S. Attorney Prim F. Escalona.

    U.S. District Court Judge Madeline H. Haikala sentenced Jaden O’Neal Cooper, a.k.a. “Tallapoosa Jay,” 21, of Midfield, Alabama to 27 months in prison. In January, Cooper pleaded guilty to possession of a machinegun.

    According to court documents, on February 1, 2024, detectives with the Leeds Police Department, Birmingham Police Department East Task Force, FBI, and Jefferson County Sheriff Department’s Star One Aviation Unit were conducting surveillance in the Inglenook area. Detectives had previously interacted with an individual they saw driving a red 2021 Hyundai Sonata. A detective ran the tag number on the vehicle, and the tag returned as belonging to a white 2014 Hyundai Sonata. Detectives confirmed that the tag had been switched, and a Birmingham Police officer initiated a traffic stop on the vehicle.

    As the Birmingham Police officer approached the vehicle, the officer noticed Cooper—a   known member of the Hard to Kill “H2K” street gang—was a passenger in the vehicle. The officer could also see an AM-15 pistol (assault style rifle) located at Cooper’s feet. Other officers provided backup at the traffic stop, and a Leeds Police Department detective removed the firearm from the vehicle. The firearm was determined to be loaded and was equipped with plastic piece—a 3-D printed “swift link” conversion device—in the trigger assembly. This device converted the firearm to a fully automatic machine gun.

    The Federal Bureau of Investigation investigated the cases along with the Leeds Police Department, Birmingham Police Department East Task Force, and the Jefferson County Sheriff Department’s Star One Aviation Unit.  Assistant United States Attorney Darius C. Greene prosecuted the case. 

    MIL Security OSI –

  • MIL-OSI Security: Rhode Island Man Sentenced to 20 Years in Prison in One of Rhode Island’s Largest Fentanyl Seizures

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

    PROVIDENCE – Jorge Pimentel, a/k/a “Big Head,” 36, of Cranston, has been sentenced to twenty years in federal prison, announced Acting United States Attorney Sara Miron Bloom.

    Pimentel previously admitted to a federal judge that he ran a highly productive drug lab and a stash house in Pawtucket from which 19,315 fentanyl-laced pills made to resemble pharmaceutical grade Percocet pills and nearly 9 kilograms of powder fentanyl were seized by law enforcement.  The seizure of a combined total of over sixteen kilograms of fentanyl-laced pills and fentanyl powder, an industrial grade high-speed pill press, and twenty-eight thousand grams of cutting agents used in the manufacturer of the fake pill seized in September 2023, is among the largest seizures of fentanyl in Rhode Island. 

    The fentanyl powder and already cut mixture seized in this case represented the potential production of more than 633,000 fentanyl-laced pills.

    Court documents detail that Pimentel was already a “well-established, large scale fentanyl trafficker” when, on multiple occasions between May 31, 2023, and September 29, 2023, he brokered sales of a total of approximately 34,000 fentanyl-laced pills for which he was paid $37,000.

    Pimentel was sentenced on Tuesday by U.S. District Court Chief Judge John J. McConnell, Jr., to 240 months of incarceration to be followed by five years of federal supervised release. He pleaded guilty in December 2024 as charged by indictment with conspiracy to distribute and possess with intent to distribute fentanyl, and possession with intent to distribute fentanyl. No plea agreement was filed in this case.

    The matter was investigated by the FBI’s Rhode Island Safe Streets Task Force. The Safe Streets Task Force consists of agents and law enforcement officers from the FBI, Rhode Island State Police, the Cranston, Woonsocket, Pawtucket, West Warwick, and Central Falls Police Departments, the U.S. Marshals Service, and the Rhode Island Department of Corrections.

    The United States Attorney’s Office thanks the Providence Police Department and the DEA for their partnership.

    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. 

    ###

    MIL Security OSI –

  • MIL-OSI Security: Kentucky Man Sentenced to 10 Plus Years in Federal Prison for Attempted Sex Offenses Against a Child in Southern Illinois

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

    BENTON, Ill. – A district judge sentenced a Paducah, Kentucky, man to 121 months’ imprisonment for attempting to entice a minor in southern Illinois to engage in illegal sexual activity.

    In October, a federal jury returned guilty verdicts for Robert R. Rodriguez, 41, on one count of attempted enticement of a minor and one count of soliciting an obscene visual depiction of a minor.

    “Those who target children for sex crimes sicken us all. The federal justice system will relentlessly pursue and prosecute these offenders to ensure they face severe consequences for their actions,” said U.S. Attorney Steven D. Weinhoeft.

    According to court documents and evidence presented during the trial, Rodriguez initiated conversation with an undercover federal agent on an online social media platform in May 2023. In the messages, Rodriguez discussed meeting with a purported 9-year-old child to engage in sexual activity and requested child sexual abuse material.

    On May 10, 2023, law enforcement arrested Rodriguez in Marion, Illinois, when he tried to meet with the purported 9-year-old child. 

    “This sentencing makes one thing clear: the FBI Springfield Field Office is taking decisive action to protect the children of Illinois. We will use every tool at our disposal to stop those who seek to do them harm, and with our partners at the Department of Justice, we will pursue the highest penalties for these crimes.”

    Following imprisonment, Rodriguez will serve seven years of supervised release.

    FBI Springfield Field Office led the investigation, and Assistant U.S. Attorneys Tom Leggans and David Sanders prosecuted the case.

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing 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.

    MIL Security OSI –

  • MIL-OSI Security: Raleigh Man Convicted of Possessing More Than 300 Images of Child Sexual Abuse Material on his Work Laptop

    Source: Office of United States Attorneys

    ELIZABETH CITY, N.C. – A federal jury convicted a Raleigh man Tuesday for possession of child sexual abuse material.  Joseph Matthew Dobbs, 45, now faces a mandatory minimum of 10 years in prison when sentenced in July.

    According to court records and evidence presented at trial, Dobbs was working from home as an IT support engineer for a multinational technology company when, in early November 2022, a supervisor remotely observed Dobbs watching content on his work-issued laptop that appeared to be child sexual abuse material. The company terminated Dobbs’s employment and forwarded screenshots taken by the supervisor to law enforcement for investigation.  The Raleigh Police Department executed a search at Dobbs’s apartment and seized the company laptop.  A review of the laptop and the company’s back-up servers revealed that Dobbs’s laptop contained over 300 image files of child sexual abuse material, including the sexual abuse of infants and toddlers and depictions of bondage.  On a special verdict form, the jury found Dobbs guilty as charged and found that the images included visual depictions of prepubescent minors.

    In 2006, Dobbs was also convicted of having carnal knowledge of a child, using a computer to solicit a minor (three counts), possession of child sexual abuse material (ten counts), and manufacturing sexually explicit material in Virginia.  He spent seven years in prison and was still on probation for those offenses at the time of this incident.

    Daniel P. Bubar, Acting U.S. Attorney for the Eastern District of North Carolina made the announcement after U.S. District Judge Terrence W. Boyle accepted the verdict. The Federal Bureau of Investigation and the Raleigh Police Department investigated the case, and Assistant U.S. Attorneys Lori Warlick and Logan Liles prosecuted the case.

    Related court documents and information can be found on the website of the U.S. District Court for the Eastern District of North Carolina or on PACER by searching for Case No.5:24-CR-182.

    ###

    MIL Security OSI –

  • MIL-OSI Security: Convicted Felon Sentenced To Five Years In Prison For Possessing A Firearm

    Source: Office of United States Attorneys

    Orlando, FL – U.S. District Judge Wendy Berger has sentenced Malcolm Bellamy (25, Orlando) to five years in federal prison for possessing a firearm as a convicted felon. The court also ordered Bellamy to forfeit the firearm which was used during the commission of the offense. Bellamy pleaded guilty on June 6, 2024.

    According to court documents, on April 21, 2023, an individual called 911 to report that the driver of a vehicle, whom he later identified as Bellamy, had just pulled out a gun and fired it at him. Officers from the Orlando Police Department responded to the scene and observed an individual standing in the street having a verbal confrontation with the occupants of a blue sedan. The vehicle immediately drove away as officers were approaching in their marked cars. The individual in the street pointed at the vehicle and stated, “that’s them”.

    Officers pursued the vehicle which pulled into the driveway of Bellamy’s residence in a nearby neighborhood. The front passenger exited the car with a black object in his hand. Officers gave the passenger commands to get on the ground. The passenger, who had gone behind a tree approximately four feet from the car with the black object in his hand, returned to the vehicle without the object and laid on the ground. The driver, who was later identified as Bellamy, got out of the car and was also detained.

    Officers searched behind the tree and discovered an open black bag with a chrome 9mm Taurus handgun sticking out. The handgun’s magazine was loaded with 10 rounds of ammunition. Additionally, a shell casing was discovered at the scene in the vicinity of the reported shooting.

    DNA swabs collected from the firearm and a comparison sample taken from Bellamy were a match. A shell casing from the handgun was also matched to the shell casing recovered at the scene.

    At the time of the incident, Bellamy was a convicted felon, with prior convictions for robbery with a firearm and aggravated assault with a firearm. As such, he is prohibited from possessing a firearm or ammunition under federal law.

    This case was investigated by the Federal Bureau of Investigation and the Orlando Police Department. It was prosecuted by Special Assistant United States Attorneys Rachel Lyons and Matthew Del Mastro.

    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.

    MIL Security OSI –

  • MIL-OSI Security: Bread Springs Man Sentenced to Home Confinement with GPS Monitoring for Assault

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

    ALBUQUERQUE – A Bread Springs man was sentenced to four years of supervised probation with strict special conditions following his guilty plea to assault resulting in serious bodily injury following a confrontation on the Navajo Nation.

    According to court documents, on January 22, 2024, Arthur Pat, 69, an enrolled member of the Navajo Nation, responded to a commotion near his residence in Bread Springs, New Mexico. Upon observing his son involved in an altercation with three other men, Pat retrieved a loaded handgun and drove to the scene. After a verbal dispute escalated, Pat fired multiple shots, one of which struck John Doe in the knee. Doe was hospitalized with a “limb-threatening” injury and may face lifelong mobility issues.

    Pat was arrested following a criminal complaint filed January 23, 2024, and later pleaded guilty to assault resulting in serious bodily injury. For the first year of his sentence, Pat will be subject to home detention with GPS monitoring. He is also strictly forbidden from contacting his victim and must complete 250 hours of community service. If Pat violates the terms of his supervised probation, the sentencing judge could impose any term of imprisonment originally available; that is, up to 10 years.

    U.S. Attorney Ryan Ellison and Phillip Russel, Acting Special Agent in Charge of the Federal Bureau of Investigation’s Albuquerque Field Office, made the announcement today.

    The Gallup Resident Agency of the FBI Albuquerque Field Office investigated this case with assistance from the Navajo Police Department and Department of Criminal Investigations. Assistant U.S. Attorney Zachary Jones is prosecuting the case. 

    MIL Security OSI –

  • MIL-OSI Security: Army Soldier Charged with Distribution of Cocaine Following DEA Operation at Illegal Nightclub

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

    DENVER – The United States Attorney’s Office for the District of Colorado announces that Juan Gabriel Orona-Rodriguez, age 28, was charged by complaint with one count each of distribution and possession with intent to distribute cocaine and conspiracy to distribute cocaine.

    According to the criminal complaint, Orona-Rodriguez, while serving as an active-duty U.S. Army solider, unlawfully distributed controlled substances.  During the week of April 21, 2025, Orona-Rodriguez sold cocaine to an undercover Drug Enforcement Administration (DEA) agent.  Additionally, when investigators obtained a search warrant for Orona-Rodriguez’s phone, they found text messages between at least September 16, 2024, and April 9, 2025, which appear to show him repeatedly purchasing cocaine and selling it to others.   

    Orona-Rodriguez appears to hold a leadership role in a business called Immortal Security LLC, which provides armed security at “nightclubs” – including an afterhours, unlawful nightclub called Warike – within Colorado Springs, Colorado.  On numerous occasions, the Colorado Springs Police Department received 911 calls related to Warike citing a wide variety of alleged crimes, including weapons violations, assault, narcotics, and other violent crime.  Warike was the site of a federal search warrant that was executed and led by the DEA on April 27, 2025.  Orona-Rodriguez was one of approximately 17 active-duty U.S. Army service members present at Warike during the execution of that search warrant. 

    The investigation is being conducted by the Denver Field Office of the Federal Bureau of Investigation and DEA’s Colorado Springs Resident Office.  The prosecution is being handled by Assistant United States Attorney Michael Houlihan.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime.

    The charges in the complaint are allegations and the defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.

    Case Number:  25-mj-00092-TPO

    MIL Security OSI –

  • MIL-OSI Security: Two Florida Men Charged in Drug Trafficking Conspiracy Involving Shipping Methamphetamine and Fentanyl From California to Florida

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

    Fort Myers, Florida – United States Attorney Gregory W. Kehoe announces the  unsealing of an indictment charging Clarence Black, Jr. (49, Tampa) and Jarrek Fabrion Myrick (39, Fort Myers) with drug trafficking conspiracy and possession with intent to distribute methamphetamine and fentanyl. If convicted, each faces a maximum penalty of life in federal prison. 

    According to court documents, between January 25 and February 4, 2025, Black and Myrick traveled to California and shipped methamphetamine and fentanyl to Tampa and areas in southwest Florida. The drug-laden parcels were intercepted and the total quantity of methamphetamine and fentanyl was approximately more than 90 pounds. Black has a prior federal conviction for possession with intent to distribute 500 grams or more of cocaine, and Myrick has a prior conviction for second-degree murder.

    An indictment is merely a formal charge that a defendant has committed one or more violations of federal criminal law, and every defendant is presumed innocent unless, and until, proven guilty.          

    This case was investigated by the Lee County Sheriff’s Office, the Tampa Police Department, and the Federal Bureau of Investigation. It will be prosecuted by Assistant United States Attorney Mark Morgan.

    MIL Security OSI –

  • MIL-OSI: Metals & Mining Virtual Investor Conference Agenda Announced for May 6-8th

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the Metals & Mining Virtual Investor Conference held May 6-8th.

    Individual investors, institutional investors, advisors, and analysts are invited to attend.

    REGISTER HERE

    It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations, or schedule 1×1 meetings with management.

    “We are excited to welcome a full roster of over 20 OTCQX and OTCQB companies to our 3-day Metals and Mining Virtual Investor Conference,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. “Our platform is tailored to meet the needs of today’s resource companies as they look to engage a broader investor base.”  

    May 6th


    May 7th


    May 8    th

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

    About Virtual Investor Conferences®

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

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

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

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

    The MIL Network –

  • MIL-OSI Global: Trump and many GOP lawmakers want to end all funding for NPR and PBS − unraveling a US public media system that took a century to build

    Source: The Conversation – USA – By Josh Shepperd, Associate Professor of Media Studies, University of Colorado Boulder

    Cast members of the children’s television show ‘Sesame Street’ pose with Big Bird, Cookie Monster, Grover, Ernie, Bert and Oscar the Grouch in 1969. Hulton Archive/Getty Images

    The Trump administration’s drive to slash government spending on everything from the arts to cancer research also includes efforts to carry through on the Republican Party’s long-standing goal of ending federal funding for NPR, the nation’s public radio network, and PBS, its television counterpart.

    Across the country, 1,500 independent stations affiliated with NPR and PBS air shows such as “Morning Edition,” “Marketplace,” “PBS NewsHour,” “Frontline” and “Nova.” Some 43 million people tune into public radio every week, and over 130 million watch PBS every year, according to the networks.

    Public media stations air local news and, when necessary, emergency information. Most also feature regional, national and global coverage of arts and culture. With commercial media divesting from local news reporting, audiences that have long relied on public media to inform their communities are even more dependent now on that service, as are audiences that got their local news from commercial sources.

    Investigating public media

    Public media is also under attack from the Republican majority in Congress and facing scrutiny from the Federal Communications Commission, the government agency that regulates media.

    Brendan Carr, whom President Donald Trump appointed to lead the FCC, helped draft Project 2025. That’s the conservative blueprint that Trump distanced himself from during the 2024 campaign but has since embraced.

    As proposed in Project 2025, the FCC is examining NPR’s approach to underwriting. Through underwriting, financial support from sponsors is acknowledged on air without asking audiences to form an opinion about a product or make a specific purchase.

    The FCC is investigating whether those messages on NPR and PBS “cross the line into prohibited commercial advertisements.”

    The top executives of NPR and PBS have denied that their underwriting practices violate any regulations or laws.

    At the same time, House Republicans are holding hearings regarding what they say is public media’s “liberal bias.” Their attention is primarily directed at the Corporation for Public Broadcasting, the nonprofit corporation that stewards federal money that Congress appropriates for NPR and PBS.

    And in a separate move, Trump demanded that CPB “cancel existing direct funding to the maximum extent allowed by law” and “decline to provide future funding” in an executive order issued on May 1, 2025. Trump’s order accused NPR and PBS of bias in its “portrayal of current events to taxpaying citizens.”

    I’m a media historian who wrote a book about the origins of public media in the U.S. and how NPR and PBS contribute to democratic participation. Both networks are designed to provide equal access to information for every listener and viewer.

    In my view, as these efforts to investigate and end the funding of public media proceed, it’s worth revisiting why the Corporation for Public Broadcasting was founded in the first place and to understand how it contributes to equal access to information today.

    Beginning with education

    U.S. public media took root in the 1920s, when public universities built radio stations so that rural communities could receive better access to the kind of education available in cities.

    The first programs consisted of professors and radio hosts giving lectures about history, finance and other subjects such as cooking, quilting and music appreciation.

    Some of those professors believed so strongly in democratic access to media that they built radio stations with their own hands, including one at the University of Wisconsin. In other cases, professors experimented with performing live drama. Ohio State University broadcast the first educational radio Shakespeare performances in the late 1920s.

    Many people liked the programming enough to tune in, but the quality of early educational broadcast experiments was inconsistent. Some professors didn’t understand how to talk with audiences and were criticized for their monotone deliveries.

    Amid threats to its federal funding, PBS reports on the history of U.S. public media.

    Running the ‘bicycle network’

    Interest in improving the quality of educational radio grew once radio ownership became more widespread. Over 500 U.S. stations were on the air in 1940. By 1945, when World War II ended, over 95% of families owned radio receivers.

    Every listener could take correspondence classes. And educators started to research how to make learning through the radio more compelling and fun.

    By the late 1940s, colleges and universities started to pay better attention to making education on the radio both entertaining and informative. They traded their best programs all around the country, through a system they called the “bicycle network.”

    Once national distribution was in place, producers of educational radio and TV shows came to an agreement about their best programs through a group called the National Association of Educational Broadcasters. They landed on formulas now associated with NPR and PBS. Home economics instruction evolved into cooking shows. Interviews with professors became public affairs programs.

    Radio stations started to combine different kinds of programs that spanned an entire school day. A half-hour children’s comedy show now weaved math, storytelling, music and civics. This format laid some of the groundwork for “Sesame Street.”

    In the 1950s a philosophy of public media emerged.

    The National Association of Educational Broadcasters’ members believed that everyone should have equal access to education no matter where they lived. They argued that information they presented should be held to rigorous standards, such as fact-checking and even peer review, the academic practice of verifying research validity.

    Educational broadcasters aired programs for all kinds of audiences, including in communities not served by commercial media.

    To stay focused on their mission, educational broadcasters decided to bar taking money from corporate advertisers. This meant that most money came from state and local governments instead of businesses.

    State authorities were able to make public announcements, quickly report emergencies and provide free airtime for political candidates. State lawmakers also thought that these media outlets could help their constituents learn trades at their own pace.

    Phasing in government funding

    Using broadcasting to provide equal access to education required a lot of new infrastructure.

    By the late 1950s the federal government started to fund the construction of radio towers, transmitters and buildings so that every person could access educational programs via broadcasts. President Dwight D. Eisenhower signed a law in 1958 that funded educational access because it could contribute to national defense.

    Nearly a decade later, in 1967, President Lyndon B. Johnson signed the Public Broadcasting Act. That law guaranteed a permanent stream of government funding for educational radio and television. Congress had pivoted from “education” to “public” broadcasting as the medium incorporated a wider array of programs, including BBC shows from the U.K.

    PBS first went live in 1970, and NPR’s first broadcast aired in 1971.

    To buffer NPR and PBS from the influence of political parties and commercial sponsors, the law called for the creation of the Corporation for Public Broadcasting.

    In addition to receiving and then disbursing to NPR and PBS the federal funds that Congress appropriates for public media, the CPB provides additional grants to stations across the country. Notably, federal funds help to pay for maintaining equipment and studios where public media programs are taped. That is, most government funding for public media is dedicated to maintaining the technology necessary to continue with its mission to provide equal access.

    The rest of the federal money supports the same program development and audience engagement research that started with the National Association of Educational Broadcasters’ “bicycle network.”

    NPR has gotten more sophisticated since it first went on the air in 1971, as CBS News reports.

    Establishing a strong track record

    The CPB model has succeeded by many measures. About 99% of Americans have access to public media through their television sets, car radios, computers and other devices.

    The CPB received $535 million in government funding in the 2025 fiscal year, equal to roughly $1.60 per American. About 70% of that money supports local radio and television stations. Public media costs taxpayers far more elsewhere. A 2022 study found that Germany spends around $142 per person, the U.K. spends $81, and Canada spends over $26 per year.

    The U.S. system is also unusual in that the local affiliates are nonprofits that have to pay for the NPR and PBS programs they run. Like the CPB, NPR and PBS are independent nonprofits, not government agencies.

    Rather than having the federal government foot the whole bill, in the U.S. public media also relies on $1.3 billion in annual charitable donations from viewers, listeners, corporations and foundations. Of that, public media receives $170 million in underwriting, according to a 2023 report.

    But should the federal government end all federal funding for the CPB, their NPR- and PBS-affiliated stations would have more trouble buying, repairing and replacing the transmitters, antennas and websites required to broadcast their programs.

    Losing access to local news

    The CPB has already sued the Trump administration over its attempt to oust three of its board members. The CPB asserts that because it is an independent organization and not a federal agency, the federal government can’t dictate who serves on its board. Trump’s executive order could also be challenged in court. And, as is the case with all executive orders, any future administration could rescind it.

    Most likely, the original target audience of educational radio − rural communities − would feel the biggest impact if the Trump administration does end federal funding of NPR and PBS. That’s because rural areas have few alternatives now that local journalism has been hit hard by corporate cuts to newsrooms.

    Public media’s first century inspired an alternative approach to media other than producing programs that tobacco companies, automakers and other businesses would want to sponsor. How Congress, the FCC and the courts proceed today will influence public media’s reach and practices for the next century.

    Josh Shepperd is under contract to co-author an update of the history of public broadcasting for Current, public media’s trade journal, and the Corporation for Public Broadcasting. Josh is not a paid employee or vendor of either institution.

    – ref. Trump and many GOP lawmakers want to end all funding for NPR and PBS − unraveling a US public media system that took a century to build – https://theconversation.com/trump-and-many-gop-lawmakers-want-to-end-all-funding-for-npr-and-pbs-unraveling-a-us-public-media-system-that-took-a-century-to-build-253206

    MIL OSI – Global Reports –

  • MIL-OSI: Sprott Physical Gold and Silver Trust Updates Its “At-the-Market” Equity Program

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 02, 2025 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Gold and Silver Trust (NYSE: CEF) (TSX: CEF / CEF.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical gold and silver bullion, today announced that it has updated its at-the-market equity program to issue up to U.S.$250 million of units of the Trust (“Units”) in the United States and Canada.

    Distributions under the at-the-market equity programs in the United States and Canada (together, the “ATM Program”) will be completed in accordance with the terms of an amended and restated sales agreement (the “Sales Agreement”) dated December 6, 2024, as amended on May 2, 2025, between Sprott Asset Management (as the manager of the Trust), the Trust, Cantor Fitzgerald & Co. (“Cantor”), Cantor Fitzgerald Canada Corporation (“Cantor Canada”), Virtu Americas LLC (“Virtu”), Virtu Canada Corp. (“Virtu Canada”), BMO Capital Markets Corp. (“BMO”), BMO Nesbitt Burns Inc. (“BMO Canada”), Canaccord Genuity LLC (“Canaccord” and, together with Cantor, Virtu and BMO, the “U.S. Agents”) and Canaccord Genuity Corp. (“Canaccord Canada” and, together with Cantor Canada, Virtu Canada and BMO Canada, the “Canadian Agents” and, together with the U.S. Agents, the “Agents”). The Sales Agreement is available on EDGAR at the United States Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov and the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca.

    Sales of Units through the Agents, acting as agent, will be made through “at the market” issuances on the NYSE Arca (“NYSE”) and the Toronto Stock Exchange (“TSX”) or other existing trading markets in the United States and Canada at the market price prevailing at the time of each sale, and, as a result, sale prices may vary. None of the U.S. Agents are registered as dealers in any Canadian jurisdiction and, accordingly, the U.S. Agents will only sell Units on marketplaces in the United States and are not permitted to and will not, directly or indirectly, advertise or solicit offers to purchase any Units in Canada. The Canadian Agents may only sell Units on marketplaces in Canada.

    The volume and timing of distributions under the ATM Program, if any, will be determined in the Trust’s sole discretion. The Trust intends to use the proceeds from the ATM Program, if any, to acquire physical gold and silver bullion in accordance with the Trust’s objective and subject to the Trust’s investment and operating restrictions.

    The offering under the ATM Program is being made pursuant to a prospectus supplement dated May 2, 2025 (the “U.S. Prospectus Supplement”) to the Trust’s U.S. base prospectus (the “U.S. Base Prospectus”) included in its registration statement on Form F-10 (the “Registration Statement”) (File No. 333-286907) filed with the SEC on May 2, 2025, and pursuant to a prospectus supplement dated May 2, 2025 (the “Prospectus Supplement”) to the Trust’s Canadian short form base shelf prospectus dated May 1, 2025 (the “Base Shelf Prospectus” and together with the Prospectus Supplement, the U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement, the “Offering Documents”). The U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement are available on EDGAR at the SEC’s website at www.sec.gov, and the Prospectus Supplement and the Base Shelf Prospectus are available on the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca.

    Before you invest, you should read the Offering Documents and other documents that the Trust has filed for more complete information about the Trust, the Sales Agreement and the ATM Program.

    Listing of the Units sold pursuant to the ATM Program on the NYSE and the TSX has been approved by the NYSE and the TSX, as applicable, subject to all applicable listing requirements.

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

    About Sprott and Sprott Asset Management
    Sprott Asset Management is a wholly-owned subsidiary of Sprott and is the investment manager to the Trust. Sprott is a global leader in precious metals and critical materials investments. At Sprott, we are specialists. Our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and Sprott’s common shares are listed on the NYSE and the TSX under the symbol “SII”.

    About the Trust
    Important information about the Trust, including its investment objectives and strategies, applicable management fees, and expenses, is contained in the Trust’s annual information form for the year ended December 31, 2024 (the “AIF”). Commissions, management fees, or other charges and expenses may be associated with investing in the Trust. The performance of the Trust is not guaranteed, its value changes frequently and past performance is not an indication of future results.

    Caution Regarding Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of applicable United States securities laws and forward-looking information within the meaning of Canadian securities laws (collectively, “forward-looking statements”). Forward-looking statements in this press release include, without limitation, investor demands for Units, statements regarding the ATM Program, including the intended use of proceeds from the sale of Units, any sale of Units and the timing and ability of the Trust to obtain all necessary approvals in connection with a sale of Units. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things, the gold and silver markets. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of risks and uncertainties facing the Trust appears in the Offering Documents, as updated by the Trust’s continuous disclosure filings, which are available at www.sec.gov and www.sedarplus.ca. All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.

    For more information:

    Glen Williams
    Managing Director
    Investor and Institutional Client Relations
    Direct: 416-943-4394
    gwilliams@sprott.com

    The MIL Network –

  • MIL-OSI: Sprott Physical Silver Trust Updates Its “At-the-Market” Equity Program

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 02, 2025 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Silver Trust (NYSE: PSLV) (TSX: PSLV / PSLV.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical silver bullion, today announced that it has updated its at-the-market equity program to issue up to U.S.$1 billion of units of the Trust (“Units”) in the United States and Canada.

    Distributions under the at-the-market equity programs in the United States and Canada (together, the “ATM Program”) will be completed in accordance with the terms of an amended and restated sales agreement (the “Sales Agreement”) dated December 6, 2024, as amended on May 2, 2025, between Sprott Asset Management (as the manager of the Trust), the Trust, Cantor Fitzgerald & Co. (“Cantor”), Cantor Fitzgerald Canada Corporation (“Cantor Canada”), Virtu Americas LLC (“Virtu”), Virtu Canada Corp. (“Virtu Canada”), BMO Capital Markets Corp. (“BMO”), BMO Nesbitt Burns Inc. (“BMO Canada”), Canaccord Genuity LLC (“Canaccord” and, together with Cantor, Virtu and BMO, the “U.S. Agents”) and Canaccord Genuity Corp. (“Canaccord Canada” and, together with Cantor Canada, Virtu Canada and BMO Canada, the “Canadian Agents” and, together with the U.S. Agents, the “Agents”). The Sales Agreement is available on EDGAR at the United States Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov and the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca.

    Sales of Units through the Agents, acting as agent, will be made through “at the market” issuances on the NYSE Arca (“NYSE”) and the Toronto Stock Exchange (“TSX”) or other existing trading markets in the United States and Canada at the market price prevailing at the time of each sale, and, as a result, sale prices may vary. None of the U.S. Agents are registered as dealers in any Canadian jurisdiction and, accordingly, the U.S. Agents will only sell Units on marketplaces in the United States and are not permitted to and will not, directly or indirectly, advertise or solicit offers to purchase any Units in Canada. The Canadian Agents may only sell Units on marketplaces in Canada.

    The volume and timing of distributions under the ATM Program, if any, will be determined in the Trust’s sole discretion. The Trust intends to use the proceeds from the ATM Program, if any, to acquire physical silver bullion in accordance with the Trust’s objective and subject to the Trust’s investment and operating restrictions.

    The offering under the ATM Program is being made pursuant to a prospectus supplement dated May 2, 2025 (the “U.S. Prospectus Supplement”) to the Trust’s U.S. base prospectus (the “U.S. Base Prospectus”) included in its registration statement on Form F-10 (the “Registration Statement”) (File No. 333-286897) filed with the SEC on May 2, 2025, and pursuant to a prospectus supplement dated May 2, 2025 (the “Prospectus Supplement”) to the Trust’s Canadian short form base shelf prospectus dated May 1, 2025 (the “Base Shelf Prospectus” and together with the Prospectus Supplement, the U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement, the “Offering Documents”). The U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement are available on EDGAR at the SEC’s website at www.sec.gov, and the Prospectus Supplement and the Base Shelf Prospectus are available on the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca.

    Before you invest, you should read the Offering Documents and other documents that the Trust has filed for more complete information about the Trust, the Sales Agreement and the ATM Program.

    Listing of the Units sold pursuant to the ATM Program on the NYSE and the TSX has been approved by the NYSE and the TSX, as applicable, subject to all applicable listing requirements.

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

    About Sprott and Sprott Asset Management
    Sprott Asset Management is a wholly-owned subsidiary of Sprott and is the investment manager to the Trust. Sprott is a global leader in precious metals and critical materials investments. At Sprott, we are specialists. Our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and Sprott’s common shares are listed on the NYSE and the TSX under the symbol “SII”.

    About the Trust
    Important information about the Trust, including its investment objectives and strategies, applicable management fees, and expenses, is contained in the Trust’s annual information form for the year ended December 31, 2024 (the “AIF”). Commissions, management fees, or other charges and expenses may be associated with investing in the Trust. The performance of the Trust is not guaranteed, its value changes frequently and past performance is not an indication of future results.

    Caution Regarding Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of applicable United States securities laws and forward-looking information within the meaning of Canadian securities laws (collectively, “forward-looking statements”). Forward-looking statements in this press release include, without limitation, investor demands for Units, statements regarding the ATM Program, including the intended use of proceeds from the sale of Units, any sale of Units and the timing and ability of the Trust to obtain all necessary approvals in connection with a sale of Units. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things, the silver market. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of risks and uncertainties facing the Trust appears in the Offering Documents, as updated by the Trust’s continuous disclosure filings, which are available at www.sec.gov and www.sedarplus.ca. All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.

    For more information:

    Glen Williams
    Managing Director
    Investor and Institutional Client Relations
    Direct: 416-943-4394
    gwilliams@sprott.com

    The MIL Network –

  • MIL-OSI Security: FBI Honors Dr. John Horgan Community Leader with National Award

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

    On Friday, April 25, 2025, Special Agent in Charge Paul Brown of the Atlanta Field Office presented Dr. John Horgan with the FBI Director’s Community Leadership Award (DCLA) for his dedicated work directing the Violent Extremism Research Group, which has not only impacted Atlanta, Georgia, but has had transformative impact worldwide. Dr. Horgan, who is a distinguished university professor at Georgia State University’s Department of Psychology, accepted the award. Dr. Horgan has shown a strong and enduring commitment to applying his extraordinary abilities and expertise to further the interests of U.S. National Security.

    The FBI established the DCLA in 1990 to publicly acknowledge the achievements of those working to make a difference in their communities through the promotion of education and the prevention of crime and violence. Each year, one person or organization from each of the FBI’s 55 field offices is chosen to receive this prestigious award.

    “Dr. Horgan has not only been a trusted collaborator with the FBI, but his research has also been instrumental in deepening our understanding of extremist psychology, thereby enhancing the safety of our communities,” said Paul Brown, special agent in charge of FBI Atlanta. “Congratulations, Dr. Horgan! Your dedication and pursuit of excellence have made a lasting impact, and we look forward to continuing our partnership with you.”

    Dr. Horgan’s research examines terrorist psychology. He has over 120 publications, and his books include The Psychology of Terrorism (now in its second edition and published in a dozen languages), Divided We Stand: The Strategy and Psychology of Ireland’s Dissident Terrorists; and Walking Away from Terrorism. Dr. Horgan has helped to shape the thinking of scientists, policymakers, and the public; helping them to better understand the pathways and processes by which people become attracted to, engaged with, and (importantly) disengaged from violent extremist ideologies and activities.

    The FBI recognizes the important role that community partnerships play in keeping our shared communities safe. These partnerships – as exemplified by the breadth of the work by the DCLA recipients – have led to a host of crime prevention programs that protect the most vulnerable in our communities, educate families and businesses about cyber threats, and work to reduce violent crime in our neighborhoods. Learn more about the Director’s Community Leadership Award program, the FBI’s general outreach efforts, and the Atlanta Field Office About — FBI on our website.

    MIL Security OSI –

  • MIL-OSI Security: Former Velda City Police Chief, Who Also Served as City’s Administrator, Accused of Stealing $313,000 From City

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

    ST. LOUIS – The former police chief and city administrator of Velda City, Missouri was accused in an indictment Wednesday of fraudulently obtaining $313,420 in city funds through a series of fraudulent transactions.

    Daniel Paulino, 51, was indicted in U.S. District Court in St. Louis with three counts of wire fraud.

    The indictment says Paulino used the city’s credit card to make about 828 charges for his personal expenses totaling about $145,428. The indictment says Paulino used the city credit card on about 17 additional occasions to transfer Velda City funds totaling about $43,870 to a business he owned, R & B Towing, and one owned by his spouse, Renovations-STL. The city funds were ultimately transferred to either Paulino’s personal bank account or the account for another company he owned, D and H Towing, the indictment says.

    Paulino caused about eight city checks to be issued in a total amount of about $34,374 to pay third party vendors for his personal expenses, the indictment says. One $25,500 city check was used to pay for a 2007 International tow truck that was then registered in Paulino’s name and used by Paulino’s privately-owned towing company, the indictment says. Paulino caused Automated Clearing House (ACH) transactions to be made from a city account to pay third party vendors for $2,575 in personal expenses, the indictment says.

    Paulino also caused about 20 direct deposits totaling $30,667 in city funds, purportedly for additional payroll, into his personal account, the indictment says. He caused about 55 direct deposits of a total of about $54,693 in Velda City funds, purportedly for his spouse’s payroll, to be sent to his personal bank account, the indictment says. Paulino’s spouse was being paid for work that was not actually performed in the city’s public works division during the years 2021 through 2023 and Paulino used that money for his own personal expenses, the indictment says.

    The indictment also alleges that Paulino caused three city checks totaling $1,800 to be fraudulently issued to him.

    The money was transferred without the authority or knowledge of the city, its mayor, treasurer or Board of Aldermen, the indictment says. Paulino used the money for travel, automobiles, pool supplies, utilities at his personal residence and food and beverage charges, the indictment says.

    During the scheme, Paulino transferred about $58,171 from his personal or business bank accounts to Velda City’s bank account or the city’s credit card to conceal his crimes, the indictment says.

    Paulino was appointed to the city administrator position in 2021. He was police chief until the department was dissolved in 2024.

    Charges set forth in an indictment are merely accusations and do not constitute proof of guilt.  Every defendant is presumed to be innocent unless and until proven guilty.

    The FBI investigated the case. Assistant U.S. Attorney Hal Goldsmith is prosecuting the case.

    MIL Security OSI –

  • MIL-OSI: Infini Launches Global Card Offering Daily Stablecoin Yield

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, May 02, 2025 (GLOBE NEWSWIRE) — Infini, a Pay-Fi platform bridging stablecoin finance with real-world payments, today announced the launch of its Global Card, a virtual payment card that delivers daily yield on stablecoin balances alongside broad wallet compatibility. This new offering allows users worldwide to earn interest on their stablecoin (e.g. USDC/USDT) holdings even while spending them via Apple Pay, Google Pay, Alipay, or PayPal at millions of merchants. The Global Card’s debut marks a strategic milestone in Infini’s mission to integrate decentralized finance (DeFi) benefits into everyday transactions, expanding financial access for freelancers, unbanked individuals, and cross-border earners around the globe.

    Feature Highlights

    • Daily Yield on Balances: The Infini Global Card links to users’ yield-generating accounts, meaning funds keep earning interest (accrued daily) until the moment of purchase. Even as users swipe or tap to pay, their remaining balance continues to grow – combining the utility of a payment card with the benefits of a high-yield savings account.
    • Multi-Wallet & Global Acceptance: The virtual card can be added to Apple Pay, Google Pay, Alipay, and PayPal wallets for convenient tap-to-pay and online transactions. Backed by the Visa/Mastercard network, the Infini Card is accepted at millions of merchants worldwide, just like any traditional debit or credit card, making stablecoin spending as universally accessible as fiat.
    • Physical Card Coming Soon: Infini has confirmed that a physical Global Card is ready for release in the coming weeks. The physical card will offer the same seamless spending experience and daily yield mechanism, giving users the choice of virtual or physical cards for their purchases. This expansion underscores Infini’s commitment to bridging digital assets with everyday payment methods both online and offline.
    • Renamed Card Lineup: As part of this launch, Infini is rebranding its suite of card products. The flagship “Woof Card” is now the Global Card – reflecting its worldwide utility, while the “Rabbit Card” is now the Tech Card – reflecting its strong dev/AI tool subscription utility, and the “Meow Card” is now the Lite Card – easy to start with. These new names align each card tier with its purpose and audience, streamlining the Infini product lineup as it grows and reaches new user segments.

    Benefits for Global Users

    By combining stablecoin savings with everyday spending, Infini’s Global Card directly addresses the needs of freelancers, unbanked individuals, and cross-border earners worldwide. Freelancers and remote workers can accept income in stablecoins and use them instantly for expenses, bypassing lengthy international bank transfers or local conversion issues. Unbanked users gain a simple, secure payment tool without needing a traditional bank account, allowing them to participate in e-commerce and global payments using only a digital wallet. Cross-border earners avoid the high costs and hassles of currency exchange by transacting in a stable USD value through Infini – preserving the value of their earnings and spending globally with ease.
    All users benefit from Infini’s low 0.8% transaction fee, which is significantly lower than typical remittance or forex fees and is expected to decrease further as the platform scales. The card’s stablecoin-to-USD conversion incurs no fees and is processed seamlessly at the point of sale: when a user makes a purchase, their stablecoins are instantly converted to the local currency through the card network, so merchants are paid in their currency while the user’s balance deducts in USD stablecoin. This real-time conversion and low-fee structure make everyday transactions cost-effective and frictionless, ensuring users can save while they spend in any corner of the world.

    “Our vision is to remove barriers between digital asset savings and everyday finances,” said Christian Li, CEO of Infini. “The Global Card is a major step toward that vision – it gives people the freedom to earn yield on their deposits and spend it anywhere, anytime. By blending the stability of USD-pegged assets with the familiarity of a payment card, we’re empowering everyone to transact, save, and thrive in the global economy.”

    Security, Compliance and Roadmap

    Infini employs a CeDeFi model (centralized-decentralized finance) that combines the compliance and user protection of traditional finance with the innovative yield opportunities of decentralized finance. All user funds are held with institutional-grade security measures, including multi-signature custody and ongoing third-party audits, to ensure assets remain safe. The platform adheres to strict KYC/AML standards and works with regulated partners to maintain robust compliance across jurisdictions.
    On the innovation front, Infini is continuously enhancing its security architecture – incorporating advanced safeguards and monitoring – while also collaborating with leading security auditors to preemptively address emerging threats. Looking ahead, the company’s roadmap includes rolling out physical cards to complement the virtual offering and expanding support to additional stablecoins and local currencies. Infini also plans to enter new markets in the coming months, extending its Pay-Fi services to more regions through local partnerships and regulatory approvals. These steps, alongside ongoing product refinements, position Infini to drive broader adoption of stablecoin-based finance in a secure, compliant, and user-centric way.

    About Infini

    Infini is a next-generation Pay-Fi platform bridging stablecoin finance with real-world payments. With 50,000+ users across the globe, Infini enables anyone to earn daily yield on USD-pegged digital assets and spend them seamlessly via the Visa and Mastercard networks. The platform integrates decentralized stablecoin yields with the convenience of traditional payment infrastructure, allowing stablecoin holders to transact at millions of online and offline merchants worldwide. Infini’s mission is to empower users of all backgrounds with accessible financial tools that blend the stability of fiat currency with the innovation of crypto technology – delivering secure, low-cost, and inclusive financial services.

    Social Links and Media Contact

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

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

    The MIL Network –

  • MIL-OSI: Empire Metals Limited to Present at the Metals & Mining Virtual Investor Conference May 7th

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) — Empire Metals Limited (OTCQB: EPMLF, AIM: EEE), based in London, UK, and Perth, Australia, and focused on the Pitfield Project, the largest titanium discovery globally, today announced that Shaun Bunn, Managing Director, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on May 7th.

    DATE: May 7th
    TIME: 11:30 AM ET
    LINK: REGISTER HERE

    Shaun Bunn, MD, will be presenting and Empire’s Head of Corporate Development, Arabella Burwell, will be available for 1×1 meetings: May 7, 12 and 13

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Confirmation of widespread and continuous, high-grade titanium dioxide (‘TiO2‘) mineralization within the in-situ weathered cap at Pitfield, extending from surface to depths of over 50 meters.
    • Broad, continuous, high-grade zones identified in every hole of drilling program, with an average weathered interval grade of 5.77% TiO2.
    • Preliminary test work delivered a high-purity TiO2 product, which assayed at 91.6% TiO2.
    • The TiO2 product under development at Pitfield is entirely free of any deleterious impurities and is suitable for high-quality titanium sponge metal or high-grade titanium dioxide pigment production.

    About Empire Metals Limited

    Empire Metals is an exploration and resource development company with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia.

    The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep. Drill results have indicated excellent continuity in grades and consistency of the mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiO2) values within the interbedded succession of sandstones, siltstones and conglomerates. The Company is focused on two key prospects (Cosgrove and Thomas), which have been identified as having thick, high-grade, near-surface, bedded TiO2 mineralization, each being over 7km in strike length.

    An Exploration Target* for Pitfield was declared in 2024, covering the Thomas and Cosgrove mineral prospects, and was estimated to contain between 26.4 to 32.2 billion tons with a grade range of 4.5 to 5.5% TiO2. Included within the total Exploration Target* is a subset that covers the weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tons with a grade range of 4.8 to 5.9% TiO2.

    The Exploration Target* covers an area less than 20% of the overall mineral system at Pitfield which demonstrates the potential for significant further upside.

    Empire is now accelerating the economic development of Pitfield, with a vision to produce a high-value titanium metal or pigment quality product at Pitfield, to realize the full value potential of this exceptional deposit.

    The Company also has two further exploration projects in Australia; the Eclipse Project and the Walton Project in Western Australia, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria.

    *The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

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

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

    CONTACTS:
    Empire Metals Limited
    Arabella Burwell
    Corporate Development
    +44 (0) 20 4583 1440
    aburwell@empiremetals.co.uk 

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

    The MIL Network –

  • MIL-OSI: Form 8.3 – AXA INVESTMENT MANAGERS: Aquis Exchange Plc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: AXA Investment Managers S.A.
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		  
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 Aquis Exchange plc
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 1 May 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”

    N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 10p ordinary
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled: 0 0.00    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 0 0.00    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    10p ordinary Sale 304,580 GBP 7.15

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
             

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit
             

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
           

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
    None

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 2 May 2025
    Contact name: Anthony GILSOUL
    Telephone number*: +33 1 44 45 97 54

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Draganfly Announces Pricing of US$3.6 Million Underwritten Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Saskatoon, SK., May 02, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), a drone solutions, and systems developer, today announced the pricing of its previously announced underwritten public offering (the “Offering”) of 1,715,000 units, with each unit consisting of one common share and one warrant to purchase one common share. Each unit is to be sold at a public offering price of US$2.10, for gross proceeds of approximately US$3.6 million, before deducting underwriting discounts and offering expenses. The warrants will have an exercise price of CA$3.9779 (or US$2.875) per share, are exercisable immediately and will expire five years following the date of issuance. In addition, the Company granted the underwriter a 45-day over-allotment option to purchase up to an additional 15 percent of the number of common shares and/or warrants offered in the Offering.

    Maxim Group LLC is acting as sole book-running manager for the Offering.

    Draganfly currently intends to use the net proceeds from the Offering for general corporate purposes, including to fund its capabilities to meet demand for its new products including growth initiatives and/or for working capital requirements including the continuing development and marketing of the Company’s core products, potential acquisitions and research and development. The Offering is expected to close on or about May 5, 2025, subject to the satisfaction of customary closing conditions.

    The Offering is subject to customary closing conditions including receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange and notification to the Nasdaq Stock Market.

    The Offering is being made pursuant to an effective shelf registration statement on Form F-10, as amended, (File No. 333-271498) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on July 5, 2023 and the Company’s Canadian short form base shelf prospectus dated June 30, 2023 (the “Base Shelf Prospectus”). Draganfly will offer and sell the securities in the United States only. No securities will be offered or sold to Canadian purchasers.

    A preliminary prospectus supplement and accompanying Base Shelf Prospectus relating to the Offering and describing the terms thereof has been filed with the applicable securities commissions in Canada and with the SEC in the United States and is available for free by visiting the Company’s profiles on the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca or the SEC’s website at www.sec.gov, as applicable. A final prospectus supplement with the final terms will be filed with the securities regulatory authorities in the Canadian provinces of British Columbia, Saskatchewan and Ontario and the SEC. Copies of the preliminary prospectus supplements, accompanying Base Shelf Prospectus, and final prospectus supplement, when available, relating to the Offering may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

    About Draganfly

    Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is a pioneer in drone solutions, AI-driven software, and robotics. With over 25 years of innovation, Draganfly has been at the forefront of drone technology, providing solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying. The Company is committed to delivering efficient, reliable, and industry-leading technology that helps organizations save time, money, and lives.

    Media Contact
    media@draganfly.com

    Company Contact
    Email: info@draganfly.com

    Forward Looking Statements

    Certain statements contained in this news release may constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements, based as they are on the current expectations of management, inherently involve numerous important risks, uncertainties and assumptions, known and unknown. In this news release, such forward-looking statements include, but are not limited to, statements regarding the timing, size and expected gross proceeds of the Offering, the satisfaction of customary closing conditions related to the Offering and sale of securities, the intended use of proceeds, and Draganfly’s ability to complete the Offering. Closing of the Offering is subject to numerous factors, many of which are beyond Draganfly’s control, including but not limited to, the failure of the parties to satisfy certain closing conditions, and other important factors disclosed previously and from time to time in Draganfly’s filings with the securities regulatory authorities in the Canadian provinces of British Columbia, Ontario and Saskatchewan and with the SEC. Actual future events may differ from the anticipated events expressed in such forward-looking statements. Draganfly believes that expectations represented by forward-looking statements are reasonable, yet there can be no assurance that such expectations will prove to be correct. The reader should not place undue reliance, if any, on any forward-looking statements included in this news release. These forward-looking statements speak only as of the date made, and Draganfly is under no obligation and disavows any intention to update publicly or revise such statements as a result of any new information, future event, circumstances or otherwise, unless required by applicable securities laws.‎ Investors are cautioned not to unduly rely on these forward-looking statements and are encouraged to read the Offering documents, as well as Draganfly’s continuous disclosure documents, including its current annual information form, as well as its audited annual consolidated financial statements which are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar.

    The MIL Network –

  • MIL-OSI: Arbor Realty Trust Reports First Quarter 2025 Results and Declares Dividend of $0.30 per Share

    Source: GlobeNewswire (MIL-OSI)

    Company Highlights:

    • GAAP net income of $0.16 per diluted common share
    • Distributable earnings1 of $0.28, or $0.31 per diluted common share, excluding $7.1 million of realized losses from the sale of two real estate owned properties that were previously reserved
    • Declares cash dividend on common stock of $0.30 per share
    • Closed on a new $1.15 billion repurchase facility to unwind in full two CLO vehicles; enhancing leverage, reducing pricing and generated ~$80 million of additional liquidity
    • Servicing portfolio of ~$33.48 billion, agency loan originations of $605.9 million
    • Structured loan portfolio of ~$11.49 billion, originations of $747.1 million and runoff of $421.9 million
    • Foreclosed on seven non-performing loans as real estate owned assets totaling $196.7 million

    UNIONDALE, N.Y., May 02, 2025 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (NYSE: ABR), today announced financial results for the first quarter ended March 31, 2025. Arbor reported net income for the quarter of $30.4 million, or $0.16 per diluted common share, compared to net income of $57.9 million, or $0.31 per diluted common share for the quarter ended March 31, 2024. Distributable earnings for the quarter was $57.3 million, or $0.28 per diluted common share, compared to $96.7 million, or $0.47 per diluted common share for the quarter ended March 31, 2024.

    Agency Business

    Loan Origination Platform

      Agency Loan Volume (in thousands)
      Quarter Ended
      March 31, 2025   December 31, 2024
    Fannie Mae $ 357,811     $ 556,676  
    Freddie Mac   178,020       675,244  
    Private Label   44,925       27,650  
    FHA   16,041       119,050  
    SFR-Fixed Rate   9,111       —  
    Total Originations $ 605,908     $ 1,378,620  
           
    Total Loan Sales $ 730,854     $ 1,270,048  
           
    Total Loan Commitments $ 645,401     $ 1,353,527  
                   

    For the quarter ended March 31, 2025, the Agency Business generated revenues of $62.9 million, compared to $78.7 million for the fourth quarter of 2024. Gain on sales, including fee-based services, net was $12.8 million for the quarter, reflecting a margin of 1.75%, compared to $22.2 million and 1.75% for the fourth quarter of 2024. Income from mortgage servicing rights was $8.1 million for the quarter, reflecting a rate of 1.26% as a percentage of loan commitments, compared to $13.3 million and 0.99% for the fourth quarter of 2024.

    At March 31, 2025, loans held-for-sale was $314.6 million, with financing associated with these loans totaling $279.4 million.

    Fee-Based Servicing Portfolio

    The Company’s fee-based servicing portfolio totaled $33.48 billion at March 31, 2025. Servicing revenue, net was $25.6 million for the quarter and consisted of servicing revenue of $43.4 million, net of amortization of mortgage servicing rights totaling $17.8 million.

      Fee-Based Servicing Portfolio ($ in thousands)
      March 31, 2025   December 31, 2024
      UPB   Wtd. Avg. Fee (bps)   Wtd. Avg. Life (years)   UPB   Wtd. Avg. Fee (bps)   Wtd. Avg. Life (years)
    Fannie Mae $ 22,683,885     46.2   6.2   $ 22,730,056     46.4   6.4
    Freddie Mac   6,123,074     21.4   6.6     6,077,020     21.5   6.8
    Private Label   2,603,122     18.7   5.3     2,605,980     18.7   5.5
    FHA   1,519,675     14.0   19.0     1,506,948     14.1   19.2
    Bridge   278,293     10.4   2.8     278,494     10.4   3.0
    SFR-Fixed Rate   276,839     20.1   4.1     271,859     20.1   4.4
    Total $ 33,484,888     37.5   6.7   $ 33,470,357     37.8   6.9
                                   

    Loans sold under the Fannie Mae program contain an obligation to partially guarantee the performance of the loan (“loss-sharing obligations”) and includes $34.7 million for the fair value of the guarantee obligation undertaken at March 31, 2025. The Company recorded a $1.9 million net provision for loss sharing associated with CECL for the first quarter of 2025. At March 31, 2025, the Company’s total CECL allowance for loss-sharing obligations was $50.8 million, representing 0.22% of the Fannie Mae servicing portfolio.

    Structured Business

    Portfolio and Investment Activity

      Structured Portfolio Activity ($ in thousands)
      Quarter Ended
      March 31, 2025   December 31, 2024
      UPB   %   UPB   %
    Bridge:              
    Multifamily $ 367,750       49 %   $ 371,250       54 %
    SFR   356,294       48 %     273,087       40 %
        724,044       97 %     644,337       94 %
              .    
    Mezzanine/Preferred Equity   4,440       1 %     35,592       5 %
    Construction – Multifamily   18,637       2 %     4,368       1 %
    Total Originations $ 747,121       100 %   $ 684,297       100 %
                   
    Number of Loans Originated   20           28      
                   
    Commitments:              
    SFR $ 162,400         $ 375,894      
    Construction – Multifamily   92,000           54,000      
    Total Commitments $ 254,400         $ 429,894      
                   
    Loan Runoff $ 421,941         $ 900,583      
                           
      Structured Portfolio ($ in thousands)
      March 31, 2025   December 31, 2024
      UPB   %   UPB   %
    Bridge:              
    Multifamily $ 8,637,773       75 %   $ 8,725,429       76 %
    SFR   2,247,817       20 %     1,993,890       18 %
    Other   171,952       1 %     173,787       2 %
        11,057,542       96 %     10,893,106       96 %
                   
    Mezzanine/Preferred Equity   405,770       4 %     404,401       3 %
    Construction – Multifamily   23,005       <1 %     4,367       <1 %
    SFR Permanent   3,076       <1 %     3,082       <1 %
    Total Portfolio $ 11,489,393       100 %   $ 11,304,956       100 %
                                   

    At March 31, 2025, the loan and investment portfolio’s unpaid principal balance (“UPB”), excluding loan loss reserves, was $11.49 billion, with a weighted average interest rate of 6.94%, compared to $11.30 billion and 6.90% at December 31, 2024. Including certain fees earned and costs associated with the loan and investment portfolio, the weighted average interest rate was 7.85% at March 31, 2025, compared to 7.80% at December 31, 2024.

    The average balance of the Company’s loan and investment portfolio during the first quarter of 2025, excluding loan loss reserves, was $11.39 billion with a weighted average yield of 8.15%, compared to $11.46 billion and 8.52% for the fourth quarter of 2024. The decrease in yield was primarily due to a decrease in the average SOFR rate in the first quarter of 2025.

    During the first quarter of 2025, the Company recorded an $8.4 million net provision for loan losses associated with CECL. At March 31, 2025, the Company’s total allowance for loan losses was $240.9 million. The Company had twenty-three non-performing loans with a UPB of $511.1 million, before related loan loss reserves of $35.3 million, compared to twenty-six loans with a UPB of $651.8 million, before loan loss reserves of $23.8 million at December 31, 2024.

    In addition, at March 31, 2025, the Company had five loans with a total UPB of $142.8 million (before related loan loss reserves of $7.3 million) that were less than 60 days past due classified as non-accrual, compared to nine loans with a total UPB of $167.4 million at December 31, 2024. Interest income on these loans is only being recorded to the extent cash is received.

    During the first quarter of 2025, the Company modified twenty-one loans with a total UPB of $949.8 million, most of which had borrowers investing additional capital to recapitalize their deals. Nineteen of these loans with a total UPB of $849.4 million, contained interest rates based on pricing over SOFR ranging from 3.10% to 4.25% and were modified to provide temporary rate relief through a pay and accrual feature. At March 31, 2025, these modified loans had a weighted average pay rate of 5.18% and a weighted average accrual rate of 2.56%. In addition, of the total modified loans for the first quarter, $16.5 million were less than 60 days past due and $38.3 million were non-performing at December 31, 2024, and are now current in accordance with their modified terms.

    Financing Activity

    The balance of debt that finances the Company’s loan and investment portfolio at March 31, 2025 was $9.49 billion with a weighted average interest rate including fees of 6.82%, as compared to $9.46 billion and a rate of 6.88% at December 31, 2024.

    The average balance of debt that finances the Company’s loan and investment portfolio for the first quarter of 2025 was $9.42 billion, as compared to $9.67 billion for the fourth quarter of 2024. The average cost of borrowings for the first quarter of 2025 was 6.96%, compared to 7.10% for the fourth quarter of 2024.

    In March 2025, the Company closed a $1.15 billion repurchase facility and transferred approximately $1.43 billion of assets into this facility, $1.34 billion of which were from two of the Company’s existing CLO vehicles that were redeemed in full and at par. The facility is match funded with 80% leverage and pricing of SOFR plus 1.85%, well below the pricing of SOFR plus 2.24% and 77% leverage of the CLOs replaced at the time of redemption. Additionally, this facility is 88% non-recourse to the Company and has a 24-month reinvestment period. As a result of these transactions, the Company created approximately $80 million of additional liquidity and has increased the returns on these assets through enhanced leverage and reduced pricing.

    Dividend

    The Company announced today that its Board of Directors has declared a quarterly cash dividend of $0.30 per share of common stock for the quarter ended March 31, 2025. The dividend is payable on May 30, 2025 to common stockholders of record on May 16, 2025.

    Earnings Conference Call

    The Company will host a conference call today at 10:00 a.m. Eastern Time. A live webcast and replay of the conference call will be available at www.arbor.com in the investor relations section of the Company’s website, or you can access the call telephonically at least ten minutes prior to the conference call. The dial-in numbers are (800) 579-2543 for domestic callers and (785) 424-1789 for international callers. Please use participant passcode ABRQ125 when prompted by the operator.

    A telephonic replay of the call will be available until May 9, 2025. The replay dial-in numbers are (800) 934-2127 for domestic callers and (402) 220-1139 for international callers.

    About Arbor Realty Trust, Inc.

    Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® lender and Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, mezzanine and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality, and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.

    Safe Harbor Statement

    Certain items in this press release may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from Arbor’s expectations include, but are not limited to, changes in economic conditions generally, and the real estate markets specifically, continued ability to source new investments, changes in interest rates and/or credit spreads, and other risks detailed in Arbor’s Annual Report on Form 10-K for the year ended December 31, 2024 and its other reports filed with the SEC. Such forward-looking statements speak only as of the date of this press release. Arbor expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.

    Notes

    1. During the quarterly earnings conference call, the Company may discuss non-GAAP financial measures as defined by SEC Regulation G. In addition, the Company has used non-GAAP financial measures in this press release. A supplemental schedule of non-GAAP financial measures and the comparable GAAP financial measure can be found on the last two pages of this release.
    ARBOR REALTY TRUST, INC. AND SUBSIDIARIES
    Consolidated Statements of Income – (Unaudited)
    ($ in thousands—except share and per share data)
     
      Quarter Ended March 31,
        2025       2024  
    Interest income $ 240,693     $ 321,292  
    Interest expense   165,251       217,676  
    Net interest income   75,442       103,616  
    Other revenue:      
    Gain on sales, including fee-based services, net   12,781       16,666  
    Mortgage servicing rights   8,131       10,199  
    Servicing revenue, net   25,603       31,526  
    Property operating income   4,387       1,570  
    Gain (loss) on derivative instruments, net   3,400       (5,257 )
    Other income, net   4,419       2,333  
    Total other revenue   58,721       57,037  
    Other expenses:      
    Employee compensation and benefits   46,036       47,694  
    Selling and administrative   16,312       13,933  
    Property operating expenses   3,474       1,678  
    Depreciation and amortization   3,744       2,571  
    Provision for loss sharing (net of recoveries)   1,786       273  
    Provision for credit losses (net of recoveries)   9,075       19,118  
    Total other expenses   80,427       85,267  
    Income before extinguishment of debt, loss on real estate, (loss) income from equity affiliates and income taxes   53,736       75,386  
    Loss on extinguishment of debt   (2,319 )     —  
    Loss on real estate   (2,810 )     —  
    (Loss) income from equity affiliates   (1,634 )     1,418  
    Provision for income taxes   (3,591 )     (3,592 )
    Net income   43,382       73,212  
    Preferred stock dividends   10,342       10,342  
    Net income attributable to noncontrolling interest   2,602       4,997  
    Net income attributable to common stockholders $ 30,438     $ 57,873  
           
    Basic earnings per common share $ 0.16     $ 0.31  
    Diluted earnings per common share $ 0.16     $ 0.31  
           
    Weighted average shares outstanding:      
    Basic   190,060,776       188,710,390  
    Diluted   206,862,320       222,926,076  
           
    Dividends declared per common share $ 0.43     $ 0.43  
                   
    ARBOR REALTY TRUST, INC. AND SUBSIDIARIES
    Consolidated Balance Sheets
    ($ in thousands—except share and per share data)
     
      March 31, 2025
    (Unaudited)    		   December 31, 2024
    Assets:      
    Cash and cash equivalents $ 308,842     $ 503,803  
    Restricted cash   40,563       156,376  
    Loans and investments, net (allowance for credit losses of $240,937 and $238,967)   11,215,625       11,033,997  
    Loans held-for-sale, net   314,635       435,759  
    Capitalized mortgage servicing rights, net   357,220       368,678  
    Securities held-to-maturity, net (allowance for credit losses of $10,767 and $10,846)   158,658       157,154  
    Investments in equity affiliates   77,095       76,312  
    Real estate owned, net   302,158       176,543  
    Due from related party   9,605       12,792  
    Goodwill and other intangible assets   87,727       88,119  
    Other assets   495,221       481,448  
    Total assets $ 13,367,349     $ 13,490,981  
           
    Liabilities and Equity:      
    Credit and repurchase facilities $ 4,780,753     $ 3,559,490  
    Securitized debt   3,286,395       4,622,489  
    Senior unsecured notes   1,237,160       1,236,147  
    Convertible senior unsecured notes   286,555       285,853  
    Junior subordinated notes to subsidiary trust issuing preferred securities   144,890       144,686  
    Mortgage notes payable — real estate owned   123,851       74,897  
    Due to related party   1,458       4,474  
    Due to borrowers   52,062       47,627  
    Allowance for loss-sharing obligations   85,515       83,150  
    Other liabilities   239,251       280,198  
    Total liabilities   10,237,890       10,339,011  
           
    Equity:      
    Arbor Realty Trust, Inc. stockholders’ equity:      
    Preferred stock, cumulative, redeemable, $0.01 par value: 100,000,000 shares authorized, shares issued and outstanding by period:   633,682       633,684  
    Special voting preferred shares – 16,173,761 shares      
    6.375% Series D – 9,200,000 shares      
    6.25% Series E – 5,750,000 shares      
    6.25% Series F – 11,342,000 shares      
    Common stock, $0.01 par value: 500,000,000 shares authorized – 192,161,707 and 189,259,435 shares issued and outstanding   1,922       1,893  
    Additional paid-in capital   2,410,499       2,375,469  
    (Accumulated deficit) retained earnings   (38,600 )     13,039  
    Total Arbor Realty Trust, Inc. stockholders’ equity   3,007,503       3,024,085  
    Noncontrolling interest   121,956       127,885  
    Total equity   3,129,459       3,151,970  
    Total liabilities and equity $ 13,367,349     $ 13,490,981  
                   
    ARBOR REALTY TRUST, INC. AND SUBSIDIARIES
    Statement of Income Segment Information – (Unaudited)
    (in thousands)
     
      Quarter Ended March 31, 2025
      Structured
    Business    		   Agency
    Business    		   Other (1)   Consolidated
    Interest income $ 230,087     $ 10,606     $ —     $ 240,693  
    Interest expense   161,579       3,672       —       165,251  
    Net interest income   68,508       6,934       —       75,442  
    Other revenue:              
    Gain on sales, including fee-based services, net   —       12,781       —       12,781  
    Mortgage servicing rights   —       8,131       —       8,131  
    Servicing revenue   —       43,361       —       43,361  
    Amortization of MSRs   —       (17,758 )     —       (17,758 )
    Property operating income   4,387       —       —       4,387  
    Gain on derivative instruments, net   —       3,400       —       3,400  
    Other income, net   2,078       2,341       —       4,419  
    Total other revenue   6,465       52,256       —       58,721  
    Other expenses:              
    Employee compensation and benefits   18,157       27,879       —       46,036  
    Selling and administrative   8,932       7,380       —       16,312  
    Property operating expenses   3,474       —       —       3,474  
    Depreciation and amortization   3,352       392       —       3,744  
    Provision for loss sharing   —       1,786       —       1,786  
    Provision for credit losses (net of recoveries)   9,154       (79 )     —       9,075  
    Total other expenses   43,069       37,358       —       80,427  
    Income before extinguishment of debt, loss on real estate, loss from equity affiliates and income taxes   31,904       21,832       —       53,736  
    Loss on extinguishment of debt   (2,319 )     —       —       (2,319 )
    Loss on real estate   (2,810 )     —       —       (2,810 )
    Loss from equity affiliates   (1,634 )     —       —       (1,634 )
    Benefit from (provision for) income taxes   639       (4,230 )     —       (3,591 )
    Net income   25,780       17,602       —       43,382  
    Preferred stock dividends   10,342       —       —       10,342  
    Net income attributable to noncontrolling interest   —       —       2,602       2,602  
    Net income attributable to common stockholders $ 15,438     $ 17,602     $ (2,602 )   $ 30,438  
                                   

    (1) Includes income allocated to the noncontrolling interest holders not allocated to the two reportable segments.

    ARBOR REALTY TRUST, INC. AND SUBSIDIARIES
    Balance Sheet Segment Information – (Unaudited)
    (in thousands)
     
      March 31, 2025
      Structured Business   Agency Business   Consolidated
    Assets:          
    Cash and cash equivalents $ 55,328     $ 253,514     $ 308,842  
    Restricted cash   15,943       24,620       40,563  
    Loans and investments, net   11,215,625       —       11,215,625  
    Loans held-for-sale, net   —       314,635       314,635  
    Capitalized mortgage servicing rights, net   —       357,220       357,220  
    Securities held-to-maturity, net   —       158,658       158,658  
    Investments in equity affiliates   77,095       —       77,095  
    Real estate owned, net   302,158       —       302,158  
    Goodwill and other intangible assets   12,500       75,227       87,727  
    Other assets and due from related party   249,904       254,922       504,826  
    Total assets $ 11,928,553     $ 1,438,796     $ 13,367,349  
               
    Liabilities:          
    Debt obligations $ 9,580,201     $ 279,403     $ 9,859,604  
    Allowance for loss-sharing obligations   —       85,515       85,515  
    Other liabilities and due to related parties   206,181       86,590       292,771  
    Total liabilities $ 9,786,382     $ 451,508     $ 10,237,890  
                           
    ARBOR REALTY TRUST, INC. AND SUBSIDIARIES
    Reconciliation of Distributable Earnings to GAAP Net Income – (Unaudited)
    ($ in thousands—except share and per share data)
     
      Quarter Ended March 31,
        2025       2024  
    Net income attributable to common stockholders $ 30,438     $ 57,873  
           
    Adjustments:      
    Net income attributable to noncontrolling interest   2,602       4,997  
    Income from mortgage servicing rights   (8,131 )     (10,199 )
    Deferred tax benefit   (137 )     (3,952 )
    Amortization and write-offs of MSRs   20,864       18,418  
    Depreciation and amortization   4,568       3,193  
    Loss on extinguishment of debt   2,319       —  
    Provision for credit losses, net   756       14,804  
    (Gain) loss on derivative instruments, net   (4,697 )     5,523  
    Loss on real estate   2,810       —  
    Stock-based compensation   5,935       6,020  
           
    Distributable earnings (1) $ 57,327     $ 96,677  
           
    Diluted distributable earnings per share (1) $ 0.28     $ 0.47  
           
    Diluted weighted average shares outstanding (1) (2)   206,862,320       205,511,529  
                   

    (1) Amounts are attributable to common stockholders and OP Unit holders. The OP Units are redeemable for cash, or at the Company’s option for shares of the Company’s common stock on a one-for-one basis.

    (2) The diluted weighted average shares outstanding exclude the potential shares issuable upon conversion and settlement of the Company’s convertible senior notes principal balance.

    The Company is presenting distributable earnings because management believes it is an important supplemental measure of the Company’s operating performance and is useful to investors, analysts and other parties in the evaluation of REITs and their ability to provide dividends to stockholders. Dividends are one of the principal reasons investors invest in REITs. To maintain REIT status, REITs are required to distribute at least 90% of their REIT-taxable income. The Company considers distributable earnings in determining its quarterly dividend and believes that, over time, distributable earnings is a useful indicator of the Company’s dividends per share.

    The Company defines distributable earnings as net income (loss) attributable to common stockholders computed in accordance with GAAP, adjusted for accounting items such as depreciation and amortization (adjusted for unconsolidated joint ventures), non-cash stock-based compensation expense, income from MSRs, amortization and write-offs of MSRs, gains/losses on derivative instruments primarily associated with Private Label loans not yet sold and securitized, changes in fair value of GSE-related derivatives that temporarily flow through earnings, deferred tax provision (benefit), CECL provisions for credit losses (adjusted for realized losses as described below) and gains/losses on the receipt of real estate from the settlement of loans (prior to the sale of the real estate). The Company also adds back one-time charges such as acquisition costs and one-time gains/losses on the early extinguishment of debt and redemption of preferred stock.

    The Company reduces distributable earnings for realized losses in the period management determines that a loan is deemed nonrecoverable in whole or in part. Loans are deemed nonrecoverable upon the earlier of: (1) when the loan receivable is settled (i.e., when the loan is repaid, or in the case of foreclosure, when the underlying asset is sold); or (2) when management determines that it is nearly certain that all amounts due will not be collected. The realized loss amount is equal to the difference between the cash received, or expected to be received, and the book value of the asset.

    Distributable earnings is not intended to be an indication of the Company’s cash flows from operating activities (determined in accordance with GAAP) or a measure of its liquidity, nor is it entirely indicative of funding the Company’s cash needs, including its ability to make cash distributions. The Company’s calculation of distributable earnings may be different from the calculations used by other companies and, therefore, comparability may be limited.

    The MIL Network –

  • MIL-OSI: Newcore Gold to Present at the Metals & Mining Virtual Investor Conference May 7, 2025

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, May 02, 2025 (GLOBE NEWSWIRE) — Newcore Gold Ltd. (“Newcore” or the “Company”) (TSX-V: NCAU; OTCQX: NCAUF) is pleased to announce that the Company will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on May 7, 2025 at 11:00AM EDT.

    DATE: May 7, 2024
    TIME: 11:00 AM EDT
    LINK: REGISTER HERE

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about Newcore Gold at newcoregold.com
    Learn more about the event at www.virtualinvestorconferences.com.

    About Newcore Gold Ltd.
    Newcore Gold is advancing its Enchi Gold Project located in Ghana, Africa’s largest gold producer(1). Newcore Gold offers investors a unique combination of top-tier leadership, who are aligned with shareholders through their 15% equity ownership, and prime district scale exploration opportunities. Enchi’s 248 km2 land package covers 40 kilometres of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several multi-million-ounce gold deposits, including the Chirano mine 50 kilometres to the north. Newcore’s vision is to build a responsive, creative and powerful gold enterprise that maximizes returns for shareholders.
    (1) Source: Production volumes for 2023 as sourced from the World Gold Council.

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

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

    CONTACTS:
    Newcore Gold Ltd.
    Mal Karwowska
    Vice President, Corporate Development and Investor Relations
    +1 604 484 4399
    info@newcoregold.com
    www.newcoregold.com

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

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

    The MIL Network –

  • MIL-OSI: Sun Summit Minerals to Present at the Metals & Mining Virtual Investor Conference May 6th

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, May 02, 2025 (GLOBE NEWSWIRE) — Sun Summit Minerals Corp. (TSX.V: SMN | OTCQB: SMREF), is pleased to announce that CEO Niel Marotta will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on May 6th.

    DATE: May 6th
    TIME: 8:00 am PT | 11:00 am ET
    LINK: REGISTER HERE
    Available for 1×1 meetings: May 6-8

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at www.virtualinvestorconferences.com.

    Sun Summit Recent Highlights

    Inaugural 2024 Exploration Program at JD Project included

    • High-grade gold intercepts at Creek Zone:
      • 122.5 m @ 2.1 g/t Au incl. 20.0 m @ 10.0 g/t Au
      • 57.95 m @ 2.7 g/t Au incl. 19.5 m @ 7.3 g/t Au
    • Defined a 12 km corridor of underexplored porphyry Cu-Au targets

    Aggressive 2025 Program Planned – Fully Funded

    • ~5,000 m of diamond drilling (25 holes)
    • Soil geochemistry (~2,000 samples)
    • Prospecting & mapping (~150 rock samples)
    • IP geophysics (~20 line-km)
    • JD camp outfitting

    Strong Backing

    • Private placement upsized from $3.5M to $10M

    About Sun Summit
    Sun Summit Minerals (TSX-V: SMN; OTCQB: SMREF) is a mineral exploration company focused on the discovery and advancement of district scale gold and copper assets in British Columbia. The Company’s diverse portfolio includes the JD and Theory Projects in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.

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

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

    CONTACTS:

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

    The MIL Network –

  • MIL-OSI: Maris-Tech Expands European Reach with New Distribution Agreement in Poland

    Source: GlobeNewswire (MIL-OSI)

    Collaboration with Armit Addresses Growing Demand for Defense Video & AI Solutions

    Rehovot, Israel, May 02, 2025 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (“AI”)- based edge computing technology, today announced that it has entered into a new distribution agreement with Armit Sp. z o.o. (“Armit”), a leading Polish defense solutions provider. The collaboration represents a key step in Maris-Tech’s European growth strategy, which is to expand access to its advanced video streaming, AI, and situational awareness platforms in one of Europe’s most strategically important defense markets.

    Founded in 2015 and headquartered in Warsaw, Poland, Armit specializes in defense system integration, communications infrastructure, and electronic components and serves as a trusted partner to Poland’s armed forces and security agencies. Pursuant to the agreement, Armit will distribute Maris-Tech’s suite of ruggedized video processing and intelligence platforms, including products designed for armored vehicles, drones, naval systems, and mobile tactical units.

    This announcement follows Maris-Tech’s broader strategy to expand its global distribution network, bringing real-time video intelligence and AI-driven situational awareness to more defense customers across Europe and beyond.

    “We’re excited to collaborate with Armit as part of our European expansion,” said Israel Bar, Chief Executive Officer of Maris-Tech. “Armit is an ideal collaborator to help us grow our footprint in this market, enabling a larger customer base to benefit from our innovative AI and video solutions.”

    “At Armit, we pride ourselves on offering the best technology to our customers. We are proud to collaborate with Maris-Tech and look forward to introducing their innovative video and AI edge computing solutions to the Polish market,” said Mr. Dariusz Sobczak, President of Armit.

    About Maris-Tech Ltd.

    Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israeli technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS), and communication industries. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.

    For more information, visit https://www.maris-tech.com/

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect”,” “may”, “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, the Company is using forward-looking statements when it is discussing the Company’s European growth strategy, the Company’s broader strategy to expand its global distribution network, that Armit is an ideal collaborator to help the Company grow its footprint in the market, enabling a larger customer base to benefit from its innovative AI and video solutions and introduction of the Company’s innovative video and AI edge computing solutions to the Polish market . The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: its ability to successfully market its products and services, including in the United States; the acceptance of its products and services by customers; its continued ability to pay operating costs and ability to meet demand for its products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; its ability to successfully develop new products and services; its success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; its ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations:

    Nir Bussy, CFO
    Tel: +972-72-2424022
    Nir@maris-tech.com

    The MIL Network –

  • MIL-OSI United Kingdom: Approval of updated plans for transformation of Amounderness House Preston

    Source: City of Preston

    2 May 2025

    Grade II listed former magistrates court to become high-quality flexible workspace 

    Updated plans for the c.£9m transformation of Preston’s historic Amounderness House into modern flexible workspace have been approved. 

    The amended proposals follow changes to the original design of planned new build elements and facades in the rear courtyard of the Grade II listed property. 

    With planning consent already granted, the updated plans by FWP Architects and submitted by S&L Planning Consultants on behalf of Preston City Council proposed changes to the rear elevation while still creating 26 offices and studios plus meeting and event space to be operated by Preston-based bespoke office space provider Wrkspace. 

    The rear elevation changes were designed to be sympathetic with the existing building, with complementary materials and sustainability factors considered while achieving cost efficiencies.  

    The revised plans incorporate the existing courtyard, which is being improved for public use. The building’s physical and historical architecture will continue to be sensitively preserved as part of the overall refurbishment.  

    Maple Grove Developments, the development arm of Preston-based Eric Wright Group, is working with Preston City Council to deliver the transformation of Amounderness House, built in 1857 as a police station before becoming a magistrates court.  

    As no objections to the amended proposals were received, the Council granted consent and work will start on site this summer. 

    Chris Hayward, Preston City Council’s director of development and housing, added:

    “Breathing new life into Amounderness House will play a key role in our ongoing drive to support the growth of innovative local businesses by providing them with an inspiring and dynamic city centre hub.” 

     John Chesworth, chair of Preston’s Towns Fund Board, said:

    “The much-anticipated rejuvenation of Amounderness House will transform an outstanding and historic property, further boosting economic activity in central Preston by providing state-of-the-art flexible workspace for ambitious businesses.” 

    Nik Puttnam, senior development manager at Maple Grove Developments (MGD), explained:

    “MGD are delighted to be involved in the Amounderness House project. The restoration and refurbishment of this key part of Preston’s heritage into high quality managed workspace, will complement the wider regeneration of the Harris Quarter. Further, the delivery of this new managed workspace will support the economic growth of the city centre and opportunities for new local businesses.” 

    Rizwan Seth, managing director of Wrkspace, said:

    “We are absolutely delighted to be part of the newly approved Amounderness House development in the heart of Preston city centre. 

    “Working alongside Maple Grove Developments and Preston City Council on this landmark project reflects our shared commitment to revitalising city centre spaces. 

    “The addition of Amounderness House to our successful network of Wrkspace business centres across Lancashire represents an exciting opportunity to support Preston’s growing business community with flexible, high-quality workspace.” 

    Amounderness House is one of six major projects under Preston’s Harris Quarter Towns Fund Investment Programme, for which the City was awarded £20.9m from the Government’s Towns Fund in March 2021. 

    Harris Quarter is a unique area of Preston undergoing a £200m investment programme to transform its historic buildings, sites and public realm into a diverse culture, leisure and employment offering, with Amounderness House located beside the recently opened £45m+ Animate cinema and leisure destination. 

    Preston-based S&L Planning Consultants submitted the updated application on behalf of Preston City Council, with the wider project team on Amounderness House being Cowburn-Watson Box, SCP Transport, Eden Heritage, E3P, TRP Consulting, and Graham Schofield Associates. 

    Further information

    Projects included in Preston’s £200 million Harris Quarter Towns Fund Investment Programme are: 

    Animate – £45m multi-use entertainment and leisure complex anchored by a state-of-the-art cinema and bowling venue next to Preston Markets. 

    Educate Preston – The creation of a new Careers and Employment, Information, Advice and Guidance Hub in the Harris Quarter. 

    Renewal of Harris Quarter Assets – Investment to support the redevelopment of publicly-owned buildings in the Harris Quarter to support new cultural and community uses, including Amounderness House. 

    Illuminate and Integrate – A project to deliver improved pedestrian and cycleway infrastructure, street lighting and other public realm improvements within the Harris Quarter. 

    Preston Youth Zone – The development of Preston Youth Zone as a state-of-the-art facility for young people in Preston aged eight to 19. 

    #HarrisYourPlace – The refurbishment of the Grade I listed Harris Museum, Art Gallery & Library, enhancing and protecting the building for future generations. 

    Preston Pop Ups – £1m pop-up programme of events bringing together new temporary event space, artworks and improvements to public realm infrastructure, aimed at boosting visitor activity in the Harris Quarter.  

    For more information, visit Invest Preston – Harris Quarter Regeneration.

    MIL OSI United Kingdom –

  • MIL-OSI: iBio Reports Fiscal Third Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, May 02, 2025 (GLOBE NEWSWIRE) — iBio, Inc. (Nasdaq:IBIO), today reported financial results for the third quarter ended March 31, 2025, and provided a corporate update on its progress.

    “During the third quarter we were able to broaden our access to investors given our move to Nasdaq and subsequently in April, strengthened our financial position with a $6.2 million warrant-inducement equity raise, positioning us for continued growth and keeping us on track for regulatory submission of IBIO-600 in 2026,” said Martin Brenner, Ph.D., DVM, iBio’s Chief Executive Officer and Chief Scientific Officer. “At the same time, we made significant strides in our pipeline, with promising non-human primate data for IBIO-600 and the in-licensing of a first-in-class Activin E antibody, two antibodies we truly believe are bringing us closer to fulfilling our mission of delivering transformative therapies to patients suffering from cardiometabolic diseases and obesity.”

    Fiscal Third Quarter 2025 & Recent Corporate Updates:

    • Began trading on the Nasdaq Stock Exchange under the ticker symbol “IBIO,” marking a significant corporate milestone that enhances visibility, improves trading liquidity, and aligns with the company’s strategy to attract long-term institutional investors.
    • Raised $6.2 million in gross proceeds through a warrant inducement transaction with institutional investors, strengthening our balance sheet and providing additional working capital to support advancements in our pipeline.

    Fiscal Third Quarter 2025 Financial Results:

    • R&D expenses for the three months ending March 31, 2025 and 2024 were $1.9 million and $0.9 million, respectively, an increase of approximately $1.0 million. The growth in R&D expenses is mainly due to increased spending on consultants and outside services, consumable supplies, and personnel-related costs as a result of advancing research activities to support our IBIO-600 and Activin E programs.
    • G&A expenses for the three months ending March 31, 2025 and 2024 were approximately $3.0 million and $2.7 million, respectively, an increase of $0.3 million. The increase is primarily attributable to growth in IT related costs, consulting fees and franchise taxes, partially offset by lower professional service fees.
    • Net loss from continuing operations for the three months ending March 31, 2025 was approximately $4.9 million, or $0.49 per share, compared to a net loss from continuing operations of approximately $2.6 million, or $0.71 per share, in the same period of fiscal 2024.
    • Cash, cash equivalents and restricted cash as of March 31, 2025, was approximately $5.2 million, inclusive of $0.2 million of restricted cash.   Subsequent to the warrant inducement transaction in April, cash, cash equivalents and restricted cash was approximately $10.5 million as of May 1, 2025.

    About iBio, Inc.

    iBio (Nadaq: IBIO) is a cutting-edge biotech company leveraging AI and advanced computational biology to develop next-generation biopharmaceuticals for cardiometabolic diseases, obesity, cancer and other hard-to-treat diseases. By combining proprietary 3D modeling with innovative drug discovery platforms, iBio is creating a pipeline of breakthrough antibody treatments to address significant unmet medical needs. Our mission is to transform drug discovery, accelerate development timelines, and unlock new possibilities in precision medicine.  For more information, visit www.ibioinc.com or follow us on LinkedIn.

    Safe Harbor Statement

    Any statements contained in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements.” The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements include statements regarding the events of the quarter ended March 31, 2025 and April 2025 positioning the Company for continued growth; the Company’s progress toward a regulatory submission of IBIO-600 in 2026; the promise of the non-human primate data for IBIO-600; IBIO-600 and Activin E antibody bringing the Company closer to delivering transformative therapies; the Company’s listing on Nasdaq enhancing visibility, improving trading liquidity, and attracting long-term institutional investors; IBIO-600’s potential to be a best-in-class long-acting anti-myostatin antibody; and the proceeds of the warrant inducement transaction being used to support advancements to the Company’s pipeline. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including iBio’s ability to submit a regulatory submission of iBIo-600 in 2026; to successfully develop iBIO-600 and Activin E antibody; attract long term institutional investors; -leverage its AI-driven platform to transform the treatment landscape for patients with cardiometabolic diseases and obesity with more effective, targeted therapies addressing the underlying causes of these conditions while improving overall metabolic health and quality of life; extend the half-life of IBIO-600; advance as a clinical-stage biotech; create a pipeline of breakthrough antibody treatments to address significant unmet medical needs; and transform drug discovery, accelerate development timelines, and unlock new possibilities in precision medicine the ability to advance iBio’s internal pipeline priorities in immuno-oncology and cardiometabolics, and drive partnerships in new therapeutic areas, the ability to finance when needed and the risk factors described in the Company’s Annual Report on Form 10-K for the year ended June 30, 2024, and the Company’s subsequent filings with the SEC, including subsequent periodic reports on Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statements contained in this press release speak only as of the date hereof and, except as required by federal securities laws, iBio, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

    Corporate Contact:

    iBio, Inc.
    Investor Relations
    ir@ibioinc.com

    Media Contacts:

    Ignacio Guerrero-Ros, Ph.D., or David Schull
    Russo Partners, LLC
    Ignacio.guerrero-ros@russopartnersllc.com
    David.schull@russopartnersllc.com
    (858) 717-2310 or (646) 942-5604

    The MIL Network –

  • MIL-OSI: TurnOnGreen, Inc. Reports Strong Electric Vehicle Charging Network Growth in 2024

    Source: GlobeNewswire (MIL-OSI)

    MILPITAS, Calif., May 02, 2025 (GLOBE NEWSWIRE) — TurnOnGreen, Inc. (OTC:TOGI) (“TurnOnGreen” or the “Company”), a developer and provider of electric vehicle (“EV”) charging solutions and mission-critical power electronics products, today announced significant operational growth and market expansion for the fiscal year 2024, reinforcing the Company’s upward trajectory in the North American EV infrastructure sector.

    Key 2024 Highlights:

    • Network Expansion: EV charging infrastructure footprint grew to 28 U.S. states and two provinces in Canada.
    • Port Growth: 37% year-over-year increase in networked EV charging ports.
    • Energy Dispensed: 735,942 kWh delivered across the TurnOnGreen network — a 98% increase year-over-year.
    • User Growth: 13,460 unique drivers accessed TurnOnGreen charging ports or a 89% year-over-year increase.
    • Charging Time: Drivers spent 74,620 hours charging on the TurnOnGreen network in 2024 an increase of 164% compared to 2023.

    “These metrics reflect accelerating demand for TurnOnGreen’s reliable and scalable charging infrastructure,” said Marcus Charuvastra, President of TurnOnGreen. “Our continued expansion across North America, coupled with a sharp increase in network activity, demonstrates the strong execution of our growth strategy and the rapid adoption of our recurring user base.”

    The Company attributes its growth to a combination of strategic partnerships, expanded deployment in key metropolitan and secondary markets, and increased utilization across its municipal fleets, hospitality, education and commercial segments. TurnOnGreen’s integrated hardware and network management platform enables real-time data analysis, dynamic pricing and driver engagement, which the Company sees as core differentiators in the highly competitive EV charging sector.

    “As the preferred charging partner for school districts, utilities and major hotel brands, TurnOnGreen is committed to continuing to expand its North American EV charging footprint,” said Amos Kohn, the Company’s Chairman and Chief Executive Officer. “We continue to focus on capturing high-growth market opportunities and expanding our subscription base on an annual basis,” added Mr. Kohn.

    Outlook
    TurnOnGreen intends to capitalize on the momentum built in 2024 with further network expansion, ongoing R&D investment, and pursuit of high-impact opportunities across the public and private sectors. Management remains focused on delivering long-term shareholder value through disciplined execution, scalable infrastructure development, and revenue growth.

    About TurnOnGreen

    TurnOnGreen, Inc. (OTC: TOGI) designs and manufactures innovative, feature-rich, top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications, and e-mobility. TurnOnGreen brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen headquarters are located in Milpitas, CA; www.TurnOnGreen.com.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q, and 8-K. All filings are available at www.sec.gov and the Company’s website at www.TurnOnGreen.com.

    TurnOnGreen Investor Contact:
    IR@TurnOnGreen.com or (877) 634-0982

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e939d485-a2dc-43f7-9f1e-7ca7c4765557

    The MIL Network –

  • MIL-OSI: Advanced Flower Capital Renews Senior Secured Revolving Credit Facility with Lead Commitment from FDIC-Insured Bank

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, Fla., May 02, 2025 (GLOBE NEWSWIRE) — Advanced Flower Capital Inc. (NASDAQ: AFCG) (“AFC”) today announced that it has renewed its senior secured revolving credit facility (“Credit Facility”) with a lead commitment from an FDIC-insured bank with over $75 billion of assets. AFC intends to use availability under the Credit Facility to fund unfunded commitments to existing borrowers, to originate and participate in commercial loans to cannabis operators in line with its investment strategy, and for working capital and other general corporate purposes.

    The Credit Facility, which includes the ability to expand to $100 million, subject to lender participation and available borrowing base, has a maturity date of April 29, 2028, and bears interest at a floating rate of Prime + 0.50%, subject to a Prime floor of 6.50%.

    “We are pleased to renew our senior secured credit facility with a long-standing banking partner of this scale. This facility plays a central role in how we finance the business, and we look forward to continuing to build on this strong relationship as we pursue additional commitments over time,” said Brandon Hetzel, AFC’s Chief Financial Officer.

    About Advanced Flower Capital Inc.

    Advanced Flower Capital Inc. (NASDAQ: AFCG) is a leading commercial mortgage REIT that provides institutional loans to state law compliant cannabis operators in the U.S. Through the management team’s deep network and significant credit and cannabis expertise, AFC originates, structures and underwrites loans ranging from $10 million to over $100 million, typically secured by quality real estate assets, license value and cash flows. It is based in West Palm Beach, Florida. For additional information regarding the Company, please visit advancedflowercapital.com.

    Forward-Looking Statements

    This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our current views and projections with respect to, among other things, future events and financial performance. All statements, other than historical facts, are forward-looking statements. Words such as “believes,” “expects,” “will,” “intends,” “plans,” “guidance,” “estimates,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements regarding the anticipated use of the Credit Facility are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results. Certain factors, including the ability of our manager to locate suitable loan opportunities for us, monitor and actively manage our loan portfolio, and implement our investment strategy, the demand for cannabis cultivation and processing facilities and dispensaries, management’s current estimates of expected credit losses and current expected credit loss reserves, and other factors, could cause actual results and performance to differ materially from those projected in these forward-looking statements. More information on these risks and other potential factors that could affect our business and financial results is included in AFC’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of AFC’s most recently filed Annual Report on Form 10-K and subsequent filings. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect AFC. We do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Investor Relations Contact

    Robyn Tannenbaum
    561-510-2293
    ir@advancedflowercapital.com

    Media Contact

    Collected Strategies
    Jim Golden / Jack Kelleher
    AFCG-CS@collectedstrategies.com

    The MIL Network –

  • MIL-OSI: SUTNTIB AB Tewox publishes its NAV for April 2025

    Source: GlobeNewswire (MIL-OSI)

    Vilnius, Lithuania, May 02, 2025 (GLOBE NEWSWIRE) —

    As at the end of April 2025, the net asset value (NAV) of SUTNTIB AB Tewox decreased to EUR 42,086,793, compared to previously determined NAV at the end of March 2025, which was EUR 42,415,003.

    The share price decreased to EUR 1.0053, from EUR 1.0132 at the end of March 2025. The pro-forma internal rate of return (IRR) decreased to 0.18%, compared to previously announced IRR of 0.45% at the end of March 2025.

    Contact person for further information:

    Paulius Nevinskas

    Manager of the Investment Company

    paulius.nevinskas@lordslb.lt

    https://lordslb.lt/tewox_bonds/

    The MIL Network –

  • MIL-OSI: Willis Lease Finance Corporation Announces Quarterly Dividend

    Source: GlobeNewswire (MIL-OSI)

    COCONUT CREEK, Fla., May 02, 2025 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”) declared a quarterly dividend of $0.25 per share on outstanding shares of WLFC common stock. The dividend is expected to be paid on May 22, 2025 to stockholders of record at the close of business on May 12, 2025.

    Willis Lease Finance Corporation

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

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

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

    The MIL Network –

  • MIL-OSI: Brookfield Business Partners Reports First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    BROOKFIELD, News, May 02, 2025 (GLOBE NEWSWIRE) — Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC) announced today financial results for the quarter ended March 31, 2025.

    “We had an active start to the year, generating over $1.5 billion from our capital recycling initiatives, progressing the acquisition of two market-leading industrial operations and investing approximately $140 million to repurchase our units and shares,” said Anuj Ranjan, CEO of Brookfield Business Partners. “During periods of uncertainty and volatility, our consistent strategy of owning market leading businesses and executing on our operational improvement plans is more important than ever. With the enhanced strength of our balance sheet, we are well positioned to support our capital allocation priorities and continue compounding long-term value for our investors.”

      Three Months Ended
    March 31,
    US$ millions (except per unit amounts), unaudited   2025   2024  
    Net income (loss) attributable to Unitholders1 $ 80 $ 48  
    Net income (loss) per limited partnership unit2 $ 0.38 $ 0.23  
         
    Adjusted EBITDA3 $ 591 $ 544  

    Net income attributable to Unitholders for the three months ended March 31, 2025 was $80 million ($0.38 per limited partnership unit) compared to net income of $48 million ($0.23 per limited partnership unit) in the prior period.

    Adjusted EBITDA for the three months ended March 31, 2025 was $591 million compared to $544 million in the prior period. Current period results included contribution from the recent acquisition of our electric heat tracing systems manufacturer in January 2025. Prior period results included $37 million of contribution from disposed operations including our offshore oil services’ shuttle tanker operation which was sold in January 2025.

    Operational Update

    The following table presents Adjusted EBITDA by segment:

      Three Months Ended
    March 31,
    US$ millions, unaudited   2025     2024  
    Industrials $ 304   $ 228  
    Business Services   213     205  
    Infrastructure Services   104     143  
    Corporate and Other   (30 )   (32 )
    Adjusted EBITDA $ 591   $ 544  

    Our Industrials segment generated Adjusted EBITDA of $304 million for the three months ended March 31, 2025, compared to $228 million during the same period in 2024. Current period results included $72 million of tax benefits at our advanced energy storage operation and contribution from our electric heat tracing manufacturer which was acquired in January 2025.

    Our Business Services segment generated Adjusted EBITDA of $213 million for the three months ended March 31, 2025, compared to $205 million during the same period in 2024. Strong performance at our residential mortgage insurer and increased contribution from our construction operation was partially offset by the impact of higher costs associated with technology upgrades at dealer software and technology services. Prior period results included contribution from our road fuels operation which was sold in July 2024.

    Our Infrastructure Services segment generated Adjusted EBITDA of $104 million for the three months ended March 31, 2025, compared to $143 million during the same period in 2024. Prior period results included contribution from our offshore oil services’ shuttle tanker operation which was sold in January 2025.

    The following table presents Adjusted EFO4 by segment:

      Three Months Ended
    March 31,
    US$ millions, unaudited   2025     2024  
    Adjusted EFO    
    Industrials $ 130   $ 180  
    Business Services   117     168  
    Infrastructure Services   166     72  
    Corporate and Other   (68 )   (89 )

    Adjusted EFO in the current period included a $114 million of net gain related to the disposition of the shuttle tanker operation at our offshore oil services. Industrials Adjusted EFO included the impact of withholding taxes on a distribution received from our advanced energy storage operation during the quarter. Adjusted EFO in the prior period included $62 million of net gains primarily related to the sale of public securities and $50 million of other income related to a distribution at our entertainment operation.

    Strategic Initiatives

    • Specialty Equipment Manufacturer
      In February, we agreed to acquire Antylia Scientific, a leading manufacturer and distributor of critical consumables and testing equipment serving life sciences and environmental labs for approximately $1.3 billion. Brookfield Business Partners expects to invest approximately $160 million for an approximate 25% economic interest. The transaction is expected to close in the second quarter, subject to customary closing conditions and regulatory approvals.
    • Unit Repurchase Program
      During the quarter and subsequent to quarter end, we invested approximately $140 million to repurchase 5.9 million5 units and shares of Brookfield Business Partners at an average price of approximately $24 per unit and share. The repurchases were completed under our normal course issuer bid (NCIB) which we plan to renew once it expires in August this year.

    Liquidity

    We ended the quarter with approximately $2.4 billion of liquidity at the corporate level including $59 million of cash and liquid securities, $25 million of remaining preferred equity commitment from Brookfield Corporation and approximately $2.3 billion of availability on our corporate credit facilities. Pro forma for announced and recently closed transactions, corporate liquidity is $2.3 billion.

    Distribution

    The Board of Directors has declared a quarterly distribution in the amount of $0.0625 per unit, payable on June 30, 2025 to unitholders of record as at the close of business on May 30, 2025.

    Additional Information

    The Board has reviewed and approved this news release, including the summarized unaudited interim consolidated financial statements contained herein.

    Brookfield Business Partners’ Letter to Unitholders and the Supplemental Information are available on our website https://bbu.brookfield.com under Reports & Filings.

    Notes:

    1. Attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and BBUC exchangeable shareholders.
    2. Net income (loss) per limited partnership unit calculated as net income (loss) attributable to limited partners divided by the average number of limited partnership units outstanding for the three months ended March 31, 2025 which was 80.0 million (March 31, 2024: 74.3 million).
    3. Adjusted EBITDA is a non-IFRS measure of operating performance presented as net income and equity accounted income at the partnership’s economic ownership interest in consolidated subsidiaries and equity accounted investments, respectively, excluding the impact of interest income (expense), net, income taxes, depreciation and amortization expense, gains (losses) on acquisitions/dispositions, net, transaction costs, restructuring charges, revaluation gains or losses, impairment expenses or reversals, other income or expenses, and preferred equity distributions. The partnership’s economic ownership interest in consolidated subsidiaries and equity accounted investments excludes amounts attributable to non-controlling interests consistent with how the partnership determines net income attributable to non-controlling interests in its unaudited interim condensed consolidated statements of operating results. The partnership believes that Adjusted EBITDA provides a comprehensive understanding of the ability of its businesses to generate recurring earnings which allows users to better understand and evaluate the underlying financial performance of the partnership’s operations and excludes items that the partnership believes do not directly relate to revenue earning activities and are not normal, recurring items necessary for business operations. Please refer to the reconciliation of net income (loss) to Adjusted EBITDA included in this news release.
    4. Adjusted EFO is the partnership’s segment measure of profit or loss and is presented as net income and equity accounted income at the partnership’s economic ownership interest in consolidated subsidiaries and equity accounted investments, respectively, excluding the impact of depreciation and amortization expense, deferred income taxes, transaction costs, restructuring charges, unrealized revaluation gains or losses, impairment expenses or reversals and other income or expense items that are not directly related to revenue generating activities. The partnership’s economic ownership interest in consolidated subsidiaries excludes amounts attributable to non-controlling interests consistent with how the partnership determines net income attributable to non-controlling interests in its unaudited interim condensed consolidated statements of operating results. In order to provide additional insight regarding the partnership’s operating performance over the lifecycle of an investment, Adjusted EFO includes the impact of preferred equity distributions and realized disposition gains or losses recorded in net income, other comprehensive income, or directly in equity, such as ownership changes. Adjusted EFO does not include legal and other provisions that may occur from time to time in the partnership’s operations and that are one-time or non-recurring and not directly tied to the partnership’s operations, such as those for litigation or contingencies. Adjusted EFO includes expected credit losses and bad debt allowances recorded in the normal course of the partnership’s operations. Adjusted EFO allows the partnership to evaluate its segments on the basis of return on invested capital generated by its operations and allows the partnership to evaluate the performance of its segments on a levered basis.
    5. Inclusive of all limited partnership units and BBUC exchangeable shares repurchased under our NCIB during the three months ended March 31, 2025 and up to market close on May 1, 2025, based on settlement date.

    Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership or Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation. For more information, please visit https://bbu.brookfield.com.

    Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion of assets under management.

    Please note that Brookfield Business Partners’ previous audited annual and unaudited quarterly reports have been filed on SEDAR+ and EDGAR, and are available at https://bbu.brookfield.com under Reports & Filings. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.

    For more information, please contact:

    Media:
    Marie Fuller
    Tel: +44 207 408 8375
    Email: marie.fuller@brookfield.com    		 Investors:
    Alan Fleming
    Tel: +1 (416) 645-2736
    Email: alan.fleming@brookfield.com
       

    Conference Call and Quarterly Earnings Webcast Details

    Investors, analysts and other interested parties can access Brookfield Business Partners’ first quarter 2025 results as well as the Letter to Unitholders and Supplemental Information on our website https://bbu.brookfield.com under Reports & Filings.

    The results call can be accessed via webcast on May 2, 2025 at 10:00 a.m. Eastern Time at BBU2025Q1Webcast or participants can preregister at BBU2025Q1ConferenceCall. Upon registering, participants will be emailed a dial-in number and unique PIN. A replay of the webcast will be available at https://bbu.brookfield.com.

                               
    Brookfield Business Partners L.P.
    Consolidated Statements of Financial Position
     
      As at
    US$ millions, unaudited March 31, 2025   December 31, 2024
               
    Assets          
    Cash and cash equivalents   $ 3,442       $ 3,239  
    Financial assets     11,642         12,371  
    Accounts and other receivable, net     6,948         6,279  
    Inventory and other assets     5,063         5,728  
    Property, plant and equipment     12,529         13,232  
    Deferred income tax assets     1,767         1,744  
    Intangible assets     19,157         18,317  
    Equity accounted investments     2,307         2,325  
    Goodwill     13,032         12,239  
    Total Assets   $ 75,887       $ 75,474  
               
    Liabilities and Equity          
    Liabilities          
    Corporate borrowings   $ 1,017       $ 2,142  
    Accounts payable and other     15,085         16,691  
    Non-recourse borrowings in subsidiaries of the partnership     42,316         36,720  
    Deferred income tax liabilities     2,614         2,613  
               
    Equity          
    Limited partners $ 2,158       $ 1,752    
    Non-controlling interests attributable to:          
    Redemption-exchange units   1,246         1,644    
    Special limited partner   —         —    
    BBUC exchangeable shares   1,732         1,721    
    Preferred securities   740         740    
    Interest of others in operating subsidiaries   8,979         11,451    
          14,855         17,308  
    Total Liabilities and Equity   $ 75,887       $ 75,474  
                 
    Brookfield Business Partners L.P.
    Consolidated Statements of Operating Results
     
      Three Months Ended
    March 31,
    US$ millions, unaudited   2025     2024  
         
    Revenues $ 6,749   $ 12,015  
    Direct operating costs   (5,402 )   (10,878 )
    General and administrative expenses   (311 )   (317 )
    Interest income (expense), net   (770 )   (796 )
    Equity accounted income (loss)   (8 )   23  
    Impairment reversal (expense), net   —     10  
    Gain (loss) on acquisitions/dispositions, net   214     15  
    Other income (expense), net   (83 )   116  
    Income (loss) before income tax   389     188  
    Income tax (expense) recovery    
    Current   (197 )   (90 )
    Deferred   64     105  
    Net income (loss) $ 256   $ 203  
    Attributable to:    
    Limited partners $ 30   $ 17  
    Non-controlling interests attributable to:    
    Redemption-exchange units   23     15  
    Special limited partner   —     —  
    BBUC exchangeable shares   27     16  
    Preferred securities   13     13  
    Interest of others in operating subsidiaries   163     142  
         
    Brookfield Business Partners L.P.
    Reconciliation of Non-IFRS Measure
         
        Three Months Ended March 31, 2025
    US$ millions, unaudited   Business
    Services    		   Infrastructure
    Services    		   Industrials   Corporate
    and Other    		   Total
                         
    Net income (loss)   $ —     $ 156     $ 145     $ (45 )   $ 256  
                         
    Add or subtract the following:                    
    Depreciation and amortization expense     222       165       343       —       730  
    Gain (loss) on acquisitions/dispositions, net     —       (214 )     —       —       (214 )
    Other income (expense), net1     68       (79 )     93       1       83  
    Income tax (expense) recovery     18       25       101       (11 )     133  
    Equity accounted income (loss)     (3 )     26       (15 )     —       8  
    Interest income (expense), net     230       149       366       25       770  
    Equity accounted Adjusted EBITDA2     24       33       15       —       72  
    Amounts attributable to non-controlling interests3     (346 )     (157 )     (744 )     —       (1,247 )
    Adjusted EBITDA   $ 213     $ 104     $ 304     $ (30 )   $ 591  


    Notes:

    1. Other income (expense), net corresponds to amounts that are not directly related to revenue earning activities and are not normal, recurring income or expenses necessary for business operations. The components of other income (expense), net include $125 million of gains recorded at our offshore oil services due to vessel upgrades and unrealized gains recorded on reclassification of property, plant and equipment to finance leases, $78 million of business separation expenses, stand-up costs and restructuring charges, $50 million of net revaluation losses, $35 million of transaction costs and $45 million of other expenses.
    2. Equity accounted Adjusted EBITDA corresponds to the Adjusted EBITDA attributable to the partnership that is generated by its investments in associates and joint ventures accounted for using the equity method.
    3. Amounts attributable to non-controlling interests are calculated based on the economic ownership interests held by the non-controlling interests in consolidated subsidiaries.
         
    Brookfield Business Partners L.P.
    Reconciliation of Non-IFRS Measure
         
        Three Months Ended March 31, 2024
    US$ millions, unaudited   Business
    Services    		   Infrastructure
    Services    		   Industrials   Corporate
    and Other    		   Total
                         
    Net income (loss)   $ 240     $ (65 )   $ 98     $ (70 )   $ 203  
                         
    Add back or deduct the following:                    
    Depreciation and amortization expense     254       212       342       —       808  
    Impairment reversal (expense), net     (4 )     (12 )     6       —       (10 )
    Gain (loss) on acquisitions/dispositions, net     (15 )     —       —       —       (15 )
    Other income (expense), net1     (140 )     (18 )     32       10       (116 )
    Income tax expense (recovery)     24       (3 )     (27 )     (9 )     (15 )
    Equity accounted income (loss)     (1 )     (4 )     (18 )     —       (23 )
    Interest income (expense), net     252       180       327       37       796  
    Equity accounted Adjusted EBITDA2     17       39       16       —       72  
    Amounts attributable to non-controlling interests3     (422 )     (186 )     (548 )     —       (1,156 )
    Adjusted EBITDA   $ 205     $ 143     $ 228     $ (32 )   $ 544  


    Notes:

    1. Other income (expense), net corresponds to amounts that are not directly related to revenue earning activities and are not normal, recurring income or expenses necessary for business operations. The components of other income (expense), net include $158 million of net revaluation gains, $50 million of other income related to a distribution at our entertainment operation, $21 million of transaction costs, $19 million of business separation expenses, stand-up costs and restructuring charges and $52 million of other expenses.
    2. Equity accounted Adjusted EBITDA corresponds to the Adjusted EBITDA attributable to the partnership that is generated by our investments in associates and joint ventures accounted for using the equity method.
    3. Amounts attributable to non-controlling interests are calculated based on the economic ownership interests held by the non-controlling interests in consolidated subsidiaries.

    Brookfield Business Corporation Reports First Quarter 2025 Results

    BROOKFIELD, News, May 2, 2025 – Brookfield Business Corporation (NYSE, TSX: BBUC) announced today its net income (loss) for the quarter ended March 31, 2025.

      Three Months Ended
    March 31,
    US$ millions, unaudited   2025     2024  
         
    Net income (loss) attributable to Brookfield Business Partners $ (58 ) $ (150 )

    Net loss attributable to Brookfield Business Partners for the three months ended March 31, 2025 was $58 million compared to net loss of $150 million during the same period in 2024. Current period results included $7 million of remeasurement loss on our exchangeable and class B shares that are classified as liabilities under IFRS. As at March 31, 2025, the exchangeable and class B shares were remeasured to reflect the closing price of $23.46 per unit.

    Dividend

    The Board of Directors has declared a quarterly dividend in the amount of $0.0625 per share, payable on June 30, 2025 to shareholders of record as at the close of business on May 30, 2025.

    Additional Information

    Each exchangeable share of Brookfield Business Corporation has been structured with the intention of providing an economic return equivalent to one unit of Brookfield Business Partners L.P. Each exchangeable share will be exchangeable at the option of the holder for one unit. Brookfield Business Corporation will target that dividends on its exchangeable shares be declared and paid at the same time as distributions are declared and paid on the Brookfield Business Partners’ units and that dividends on each exchangeable share will be declared and paid in the same amount as distributions are declared and paid on each unit to provide holders of exchangeable shares with an economic return equivalent to holders of units.

    In addition to carefully considering the disclosures made in this news release in its entirety, shareholders are strongly encouraged to carefully review the Letter to Unitholders, Supplemental Information and other continuous disclosure filings which are available at https://bbu.brookfield.com.

    Please note that Brookfield Business Corporation’s previous audited annual and unaudited quarterly reports have been filed on SEDAR+ and EDGAR and are available at https://bbu.brookfield.com/bbuc under Reports & Filings. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.

                               
    Brookfield Business Corporation
    Consolidated Statements of Financial Position
     
      As at
    US$ millions, unaudited March 31, 2025   December 31, 2024
               
    Assets          
    Cash and cash equivalents   $ 968       $ 1,008  
    Financial assets     324         353  
    Accounts and other receivable, net     3,397         3,229  
    Inventory, net     59         52  
    Other assets     641         627  
    Property, plant and equipment     2,479         2,480  
    Deferred income tax assets     206         197  
    Intangible assets     6,031         5,966  
    Equity accounted investments     201         198  
    Goodwill     4,993         4,988  
    Total Assets   $ 19,299       $ 19,098  
               
    Liabilities and Equity          
    Liabilities          
    Accounts payable and other   $ 5,371       $ 5,276  
    Non-recourse borrowings in subsidiaries of the company     8,711         8,490  
    Exchangeable and class B shares     1,682         1,709  
    Deferred income tax liabilities     951         988  
               
    Equity          
    Brookfield Business Partners $ (78 )     $ (59 )  
    Non-controlling interests   2,662         2,694    
          2,584         2,635  
    Total Liabilities and Equity   $ 19,299       $ 19,098  
       
    Brookfield Business Corporation
    Consolidated Statements of Operating Results
       
      Three Months Ended
    March 31,
    US$ millions, unaudited   2025     2024  
         
    Revenues $ 1,966   $ 1,865  
    Direct operating costs   (1,789 )   (1,652 )
    General and administrative expenses   (75 )   (64 )
    Interest income (expense), net   (219 )   (210 )
    Equity accounted income (loss)   3     1  
    Impairment reversal (expense), net   —     (2 )
    Remeasurement of exchangeable and class B shares   (7 )   (111 )
    Other income (expense), net   (34 )   (11 )
    Income (loss) before income tax   (155 )   (184 )
    Income tax (expense) recovery    
    Current   (23 )   (44 )
    Deferred   43     54  
    Net income (loss) $ (135 ) $ (174 )
    Attributable to:    
    Brookfield Business Partners $ (58 ) $ (150 )
    Non-controlling interests   (77 )   (24 )


    Cautionary Statement Regarding Forward-looking Statements and Information

    Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of Brookfield Business Partners, as well as regarding recently completed and proposed acquisitions, dispositions, and other transactions, and the outlook for North American and international economies for the current fiscal year and subsequent periods, and include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “seeks”, “intends”, “targets”, “projects”, “forecasts”, “views”, “potential”, “likely” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”.

    Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, investors and other readers should not place undue reliance on forward-looking statements and information because they involve assumptions, known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Business Partners to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements and information. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us or are within our control. If a change occurs, our business, financial condition, liquidity and results of operations and our plans and strategies may vary materially from those expressed in the forward-looking statements and forward-looking information herein.

    Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to, the following: the cyclical nature of our operating businesses and general economic conditions and risks relating to the economy, including unfavorable changes in interest rates, foreign exchange rates, inflation, commodity prices and volatility in the financial markets; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; business competition, including competition for acquisition opportunities; strategic actions including our ability to complete dispositions and achieve the anticipated benefits therefrom; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; changes to U.S. laws or policies, including changes in U.S. domestic and economic policies as well as foreign trade policies and tariffs; technological change; litigation; cybersecurity incidents; the possible impact of international conflicts, wars and related developments including terrorist acts and cyber terrorism; operational, or business risks that are specific to any of our business services operations, infrastructure services operations or industrials operations; changes in government policy and legislation; catastrophic events, such as earthquakes, hurricanes and pandemics/epidemics; changes in tax law and practice; and other risks and factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States including those set forth in the “Risk Factors” section in our annual report for the year ended December 31, 2024 filed on Form 20-F.

    Statements relating to “reserves” are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described herein can be profitably produced in the future. We qualify any and all of our forward-looking statements by these cautionary factors.

    We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements and information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.

    Cautionary Statement Regarding the Use of a Non-IFRS Measure

    This news release contains references to a Non-IFRS measure. Adjusted EBITDA is not a generally accepted accounting measure under IFRS and therefore may differ from definitions used by other entities. We believe this is a useful supplemental measure that may assist investors in assessing the financial performance of Brookfield Business Partners and its subsidiaries. However, Adjusted EBITDA should not be considered in isolation from, or as a substitute for, analysis of our financial statements prepared in accordance with IFRS.

    References to Brookfield Business Partners are to Brookfield Business Partners L.P. together with its subsidiaries, controlled affiliates and operating entities. Unitholders’ results include limited partnership units, redemption-exchange units, general partnership units, BBUC exchangeable shares and special limited partnership units. More detailed information on certain references made in this news release will be available in our Management’s Discussion and Analysis of Financial Condition and Results of Operations in our interim report for the first quarter ended March 31, 2025 furnished on Form 6-K.

    The MIL Network –

  • MIL-OSI: Virtune AB (Publ) (“Virtune”) has completed the monthly rebalancing for April 2025 of its Virtune Crypto Altcoin Index ETP

    Source: GlobeNewswire (MIL-OSI)

    Stockholm, 2nd of May 2025 – Today Virtune announces that it has finalized its monthly rebalancing for Virtune Crypto Altcoin Index ETP, listed on Nasdaq Stockholm and Nasdaq Helsinki (ISIN code SE0023260716).

    In addition to the Virtune Crypto Altcoin Index ETP, Virtune’s product portfolio includes:

    Virtune Bitcoin ETP
    Virtune Staked Ethereum ETP
    Virtune Staked Solana
    Virtune Staked Polkadot ETP
    Virtune XRP ETP
    Virtune Stellar ETP
    Virtune Litecoin ETP
    Virtune Avalanche ETP
    Virtune Chainlink ETP
    Virtune Arbitrum ETP
    Virtune Polygon ETP 
    Virtune Staked Cardano ETP
    Virtune Crypto Top 10 Index ETP

    Index allocation as of 30th of April (before rebalancing):

    Solana: 15.60%
    Avalanche: 15.30%
    Chainlink: 14.46%
    Cardano: 14.40%
    XRP: 14.28%
    Litecoin: 13.95%
    Uniswap: 12.01%

    Index allocation as of 30th of April (after rebalancing):

    XRP: 14.29%
    Litecoin: 14.29%
    Solana: 14.29%
    Chainlink: 14.29%
    Cardano: 14.29%
    Avalanche: 14.29%
    Uniswap: 14.29%

    In connection with this month’s rebalancing, there is no change in the crypto assets included in the index. Virtune Crypto Altcoin Index ETP outcome for April was: +0.56%.

    The rebalancing is carried out according to the index that the ETP tracks, the Virtune Vinter Crypto Altcoin Index. The purpose of the monthly rebalancing is to reset the weights of each crypto asset to provide equal-weighted exposure to altcoins.

    In April, the market turned upward for several leading altcoins. Solana delivered the strongest performance with a sharp increase of 18.6%, while Avalanche and XRP also showed a stronger performance of 11.4% and 4.98%. Uniswap, however, declined by -11.6%, moving against the positive trend in the index.

    The performance of the crypto assets included in Virtune Crypto Altcoin Index ETP in April:

    Solana: +18.6%
    Avalanche: +11.4%
    XRP: +4.98%
    Cardano: +3.17%
    Chainlink: +2.66%
    Litecoin: +0.77%
    Uniswap: -11.6%

    Virtune Crypto Altcoin Index ETP is the first of its kind in the Nordic region. It includes up to 10 leading alternative crypto assets (altcoins), excluding Bitcoin and Ethereum, that are part of the Nasdaq Crypto Index. Each altcoin is equally weighted to promote diversification; this structure allows investors to gain broad exposure to crypto assets beyond Bitcoin and Ethereum without being heavily concentrated in any single crypto asset.

    If you, as an (institutional) investor, are interested in meeting with Virtune to discuss the opportunities our ETPs offer for your asset management services or to learn more about Virtune and our ETPs, please do not hesitate to contact us at hello@virtune.com. You can also read more about Virtune and our ETPs at www.virtune.com and register your email address on our website to subscribe to our newsletters, which cover updates on Virtune’s upcoming ETP launches and other news related to digital assets.

    Press contact
    Christopher Kock, CEO Virtune AB (Publ)
    Christopher@virtune.com
    +46 70 073 45 64

    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

    The MIL Network –