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Category: Finance

  • MIL-OSI USA: Bacon and Cuellar Introduce Bipartisan Law Enforcement Officers Safety Reform Act (LEOSA)

    Source: United States House of Representatives – Congressman Don Bacon (2nd District of Nebraska)

    Bacon and Cuellar Introduce Bipartisan Law Enforcement Officers Safety Reform Act (LEOSA) 

    Offers Real Solutions to Terrorism and Mass Shootings

    Washington – Recently, Reps. Don Bacon (R-NE-02) and Henry Cuellar (D-TX-28) introduced H.R.2243, The Law Enforcement Officers Safety Reform Act (LEOSA). The bipartisan LEOSA Reform Act will improve public safety by allowing qualified law enforcement officers who have committed themselves to our communities the opportunity to continue doing so by extending their concealed carry privileges. The legislation removes existing prohibitions and will allow trained professionals to respond quickly to emergencies, should they happen to be in public places such as shopping malls, school zones, mass transit, etc. During the 118th Congress, the LEOSA Reform Act was passed by the House of Representatives in a 221-185 vote. 

    “The bipartisan LEOSA Reform Act offers real solutions to address threats such as terrorism and mass shootings by ensuring that our retired and off-duty law enforcement officers can exercise their right to concealed carry – no matter where they live or visit,” said Rep. Bacon. “These measured changes will make existing law stronger and more workable for those who seek its benefits while maintaining the rigorous standards that currently apply. I want to thank Rep. Henry Cuellar for his support of this important legislation.”

    “Many of our retired law enforcement officers are ready to continue serving our community but are unable to due to current law,” said Rep. Cuellar. “This bipartisan legislation will fix the issues that our nation’s off-duty officers and retired cops face while concealed carrying. I remain steadfast in my support for the men and woman who put their lives on the line every day to protect our homes, neighborhoods, businesses and communities.”

    Locally, the sheriffs of the three counties for Nebraska’s 2nd Congressional District and other law enforcement agencies support the legislation: Douglas County Sheriff Aaron Hanson, Sarpy County Sheriff Greg London, Saunders County Sheriff Chris Lichtenberg, Omaha Police Association President Patrick Dempsey, and Nebraska State FOP President Anthony Connor.

    The bill also was endorsed by the Fraternal Order of Police (FOP), the Federal Law Enforcement Officers Association (FLEOA), The Air Marshal Association, the FBI Agents Association (FBIAA), International Union of Police Associations, Major Cities Chiefs Association, National Association of Police Organizations (NAPO), Association of State Criminal Investigative Agencies, Major County Sheriffs of America, National Narcotics Officers’ Associations’ Coalition, Society of Former Special Agents of the FBI, and Sergeants Benevolent Association NYPD.

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    MIL OSI USA News –

  • MIL-OSI Australia: Fatal crash, Devonport

    Source: New South Wales Community and Justice

    Fatal crash, Devonport

    Thursday, 3 April 2025 – 10:52 am.

    Sadly, a woman in her 80s has died after a single-vehicle crash at Devonport.
    Police and emergency services were called to the Bass Highway about 6.30am Thursday after reports a vehicle had rolled.
    A woman – who was a passenger in the vehicle – sadly died at the scene.
    The driver of the vehicle was taken to the North West Regional Hospital for treatment.
    Investigations into the crash are ongoing, and a report will be prepared for the Coroner.
    Our thoughts are with the woman’s family and loved ones at this difficult time.
    Anyone with information should contact police on 131 444 or Crime Stoppers anonymously on 1800 333 000 or online at crimestopperstas.com.au

    MIL OSI News –

  • MIL-OSI Security: Palmer man sentenced for operating an unregistered aircraft without a license

    Source: Office of United States Attorneys

    ANCHORAGE, Alaska – A Palmer man was sentenced today to three years’ probation and is required to pay a $10,000 fine for operating an aircraft without a license and operating an unregistered aircraft.

    According to court documents and evidence presented at trial, for roughly 30 years, William Marsan, 57, held an Airman Certificate as an Airline Transport Pilot issued by the Federal Aviation Administration (FAA). He operated an aviation business out of Palmer, Alaska, transporting services, goods and people across Alaska on his Piper Cherokee aircraft.

    In June 2023, the FAA received a report that Marsan, as the pilot in command of the Piper Cherokee aircraft, failed to radio his intention to take off from Warren “Bud” Woods Palmer Municipal Airport and operated the aircraft against the flow of landing traffic, resulting in a near mid-air collision with another aircraft attempting to land.

    Law enforcement investigated the June 2023 incident and discovered that Marsan was operating an aircraft without a valid license or valid registration. The investigation revealed that in June 2022, Marsan sent a letter to the FAA revoking the registration of his aircraft. Investigators also discovered that Marsan allowed his medical certificate to lapse in 2020 and 2021, which was required to keep his pilot’s license.

    When FAA inspectors contacted him in July 2023 as part of the investigation, Marsan refused to provide his airman certificate, aircraft registration and airworthiness certificates, all of which are requirements through the FAA, and claimed he was not required to have any of those documents. As a result of the investigation, the FAA issued an Emergency Order of Revocation of Marsan’s pilot’s license in January 2024, which required the immediate surrender of his pilot’s license or the filing of an appeal of the decision within 10 days. Marsan failed to file an appeal or surrender his license but continued to fly his aircraft until his initial arrest in July 2024.

    Marsan was released pending trial. He failed to appear for multiple court hearings prior to his trial and he was rearrested in September 2024. On Dec. 4, 2024, Marsan was convicted of one count of operating an aircraft without a license and one count of operating an unregistered aircraft.

    “Alaska’s aviation industry is a vital part of our infrastructure, safely connecting people and goods across the state. Mr. Marsan’s actions—operating an unregistered aircraft without a license and nearly causing a mid-air collision—put lives at risk,” said U.S. Attorney Michael J. Heyman for the District of Alaska. “To prevent further violations and protect communities, Mr. Marsan will serve a significant term of probation under the relevant statutes and pay a fine for the money he made at the risk of others.”

    “Marsan’s flagrant disregard for aviation regulations put countless lives at risk and undermined the integrity of Alaska’s airspace,” said Special Agent in Charge Rebecca Day of the FBI Anchorage Field Office. “Such reckless, criminal behavior will not be tolerated by the FBI and aviation authorities.”

    The FBI Anchorage Field Office and FAA, Alaska Region investigated the case.

    Assistant U.S. Attorneys Tom Bradley and Mac Caille Petursson prosecuted the case.

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    MIL Security OSI –

  • MIL-OSI USA: Wyden, Warren, Gillibrand Urge Expanded Investigation into State Oversight of Care Provided to Seniors in Assisted Living Facilities

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)
    April 02, 2025
    Ranking Members of Senate Finance, Banking, and Aging committees say a new report is needed for “a stronger understanding of why assisted living facilities were so rarely held accountable for neglecting the safety of their residents”
    Washington, D.C. – U.S. Senators Ron Wyden (D-Ore.), Elizabeth Warren (D-Mass.), and Kirsten Gillibrand (D-N.Y.) today demanded a new investigation into the quality of care provided at assisted living facilities to establish whether the Centers for Medicare and Medicaid Services and state Medicaid agencies have improved their ability to protect hundreds of thousands of seniors and people with disabilities in assisted living facilities that participate in Medicaid.   
    “A new GAO report could provide legislators and the American public with a stronger understanding of why assisted living facilities were so rarely held accountable for neglecting the safety of their residents,” the senators wrote the Government Accountability Office (GAO). 
    In 2018, GAO reported on this issue, revealing that the majority of state Medicaid agencies did not track serious health and safety issues at assisted living facilities participating in Medicaid. The report also found state agencies defined critical incidents in different ways, limiting the collection of information. GAO concluded that the Centers for Medicare and Medicaid Services may be unaware of widespread problems affecting Medicaid beneficiaries at assisted living facilities due to a lack of clear federal guidance on reporting issues. 
    Since this initial report, The Washington Post revealed that since 2018, thousands of assisted living residents have “wandered away…or been left unattended for hours outside,” leading to nearly 100 documented deaths and even more residents unaccounted for as a result of “failures by administrators and front-line caregivers” to prevent these incidents.
    “Given GAO’s previous findings on the need for improved oversight of assisted living facilities, and new findings about residents’ health and safety, we request that GAO provide an update on this issue,” concluded the senators. 
    The lawmakers asked for details into the GAO’s investigation, highlighting how oversight of the facilities has changed since the 2018 report, what deficiencies and critical incidents have been identified at the facilities in recent years, how the Centers for Medicare and Medicaid Services is implementing the updated monitoring and reporting requirements for state Medicaid programs, and what additional oversight in these facilities is necessary. 
    Wyden is the Ranking Member of the Senate Finance Committee. Warren is the Ranking Member of the Senate Banking Committee. Gillibrand is the Ranking Member of the Senate Aging Committee.
    Full text of the letter is here. 

    MIL OSI USA News –

  • MIL-OSI: Acceleware Ltd. Reports Fourth Quarter 2024 Financial and Operating Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 02, 2025 (GLOBE NEWSWIRE) — Acceleware® Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of transformative technologies targeting the decarbonization of industrial process heat, today announced its financial and operating results for the year ended December 31, 2024 (all figures are in Canadian dollars unless otherwise noted). Acceleware’s results reflect contributions from the Company’s two business units, radio frequency (“RF”) heating for industrial applications using the Company’s proprietary Clean Tech Inverter (“CTI”) including enhanced oil recovery (“RF XL”), and scientific high-performance computing (“HPC”). This news release should be read in conjunction with the Company’s audited financial statements and the accompanying notes for the year ended December 31, 2024 and management’s discussion and analysis (“MDA”) with respect thereto, all of which are available on Acceleware’s website at www.acceleware.com or on www.sedarplus.ca.

    HIGHLIGHTS

    Financial highlights for the three and twelve months ended December 31, 2024:

        Three Months Ended Twelve Months Ended
        Dec 31, 2024 Dec 31, 2023 Dec 31, 2024 Dec 31, 2023  
    Revenue $ 1,918,077 43,590 5,233,033 279,011  
    Comprehensive income/ (loss)   851,242 617,748 2,001,685 (2,045,373 )
    Gross R&D expenditures   581,071 684,437 2,872,982 2,872,982  
    Government assistance   – 2,064,434 1,227,929 2,618,242  
     

    Acceleware is piloting RF XL at its commercial-scale RF XL pilot project at Marwayne, Alberta (the “RF XL Pilot”). During 2024, the RF XL Pilot was shut down awaiting redeployment of upgraded subsurface components designed to address limitations encountered in the first phase of heating. Please refer to the RF XL PILOT UPDATE section below for more information, and to the MDA for a complete RF XL Pilot update.

    Based on results to date, Acceleware remains confident that RF XL will become viable as a differentiated technology in the effort to reduce production costs and decarbonize heavy oil and oil sands production. In 2024, the Company’s operations team continued data analysis, “history-matching” simulations and other analyses of operational data from tests in 2022. The analysis provides evidence that the operation of the RF XL Pilot resulted in sustained heating of the formation around the heating well prior to the pause in operations for maintenance and inspection. In particular, the Company successfully injected RF power into the heating well for over 200 days — a significant milestone and something that has never been achieved before. Also of note is that the CTI successfully operated for seven consecutive months at a variety of power levels and operating conditions during this time.

    In the year ended December 31, 2024, the Company worked closely with industry partners to refine the next iteration of the RF XL subsurface system to address technical issues that were illuminated during the first phase of heating at the RF XL Pilot. This redesign work is now complete and ready for manufacturing and deployment. During 2024 the Company confirmed that the expected cost to redeploy the upgraded design at Marwayne would be approximately $5 million including contingency. In December 2024, the Company announced that it had secured a total of up to $1.3 million in non-dilutive funding from the Clean Resource Innovation Network (“CRIN”) for the next phase of the RF XL Pilot, contingent on the Company sourcing the remaining $3.7 million. To this end, the Company also secured an RF XL consulting contract from an oil and gas operator (whose identity remains confidential), the net proceeds of which will be applied to RF XL development. The Company has identified several additional industry and government potential funders and is in discussions with them. The purpose of the next phase of the RF XL Pilot is to enable higher power to be distributed in the reservoir for a sustained period, resulting in higher reservoir temperatures and oil production, to advance the potential commercial viability of RF XL technology.

    In addition to development work, and with results gained from RF XL deployment in Marwayne to date, Management has also initiated a strategic review of the commercialization plan for RF XL. The process involved analyzing various heavy oil and bitumen reservoirs in western Canada, considering RF XL test results and analyses conducted to date, with the goal of determining the optimal resources for the demonstration of commercial viability of RF XL. These reservoirs included not only the vast McMurray oil sands, but also heavy oil plays including the Clearwater in north-central Alberta, the Bluesky in west-central Alberta, and the Mannville Stack in eastern Alberta and western Saskatchewan. The review process has led Management to conclude that heavy oil plays offer the greatest near-term potential for commercializing RF XL, due to lower initial capital cost per well, ability to scale from one-to-many heating wells, lower operating cost to effectively decrease viscosity, and the potential for significant incremental production and ultimate recovery to make uneconomic resources economic. Once proven in heavy oil, Management believes the oil sands will offer significant market expansion potential.

    In Q1 2025, Acceleware’s board of directors approved a Management proposal to investigate (in parallel with continued effort to progress a second phase of heating at Marwayne) the opportunity for Acceleware, as an operator, to acquire a suitable heavy oil property, and thereafter apply RF XL as a secondary recovery method to improve the property’s production, cashflow, ultimate recovery and asset valuation. Should this investigation ultimately lead to a decision to “green light” an undertaking of this nature based on its economic merits, Acceleware would benefit from the valuation enhancement brought about by RF XL. Management has commenced its investigation as of the date of this news release.

    Beyond enhanced recovery of heavy oil, Acceleware believes EM Powered Heat and the CTI can economically decarbonize many industrial heating verticals through electrification. Immediate application of electrification in industrial heating is critical in the clean energy transition. Acceleware has established initiatives, and is in discussions to pursue other initiatives, to develop CTI powered prototypes for applications in industries such as mining and mineral processing, concrete, carbon capture, agri-food drying, hydrogen and other clean fuels production.

    Acceleware continues to work toward securing a contract to complete Phase 3 of a potash ore drying project from the International Minerals Innovation Institute (“IMII”). The findings of Phase 2 were presented to IMII in July 2024, and the Company continues to conduct paid testing with the system. Phase 3 of the project would include the design, construction and testing of a larger shop-scale demonstration dryer. IMII, a non-profit organization jointly funded by industry and government, is committed to developing and implementing innovative education, training, research and development partnerships to support a world-class minerals industry. IMII’s minerals industry members include BHP, Cameco Corporation, Fission Uranium Corp., The Mosaic Company and Nutrien Ltd.

    The Company has 28 patents granted or allowed to protect various proprietary technologies and 32 patent applications pending or under development. The Company uses an integrated strategy for IP protection involving a combination of patenting and trade secrets, working closely with the patent offices and intellectual property advisors.

    RF XL PILOT UPDATE

    Consistent with the last update, Acceleware plans to continue a second phase of heating after completing a proposed significant subsurface design upgrade to address the moisture ingress issue. Prior to the next phase of heating, all RF XL subsurface components will be removed, refurbished, or upgraded, and then redeployed. This plan was developed in consultation with industry partners and service providers and among the alternatives examined, it is expected to have the highest probability of achieving higher power injected into the reservoir for a sustained period. During 2024 the engineering team worked to solidify plans and estimate costs. An estimated additional $5 million of funding is required to complete the redeployment including contingency, and Acceleware is actively working to raise these funds. Acceleware has secured $1.3 million partial funding for the redeployment conditional on securing the balance of the funds from industry partners or other sources. The final timing and cost of the redeployment and subsequent heating is uncertain and remains primarily dependent on financing, partner investment, the time required to source the remaining financing, and the successful deployment of repairs and components. Planned upgrades have been specifically designed to eliminate the moisture ingress issue. In addition, measures will be taken to add resilience to the system to ensure long-term operation if moisture does return. Upgrades will also be made to enhance the performance of the CTI function, including providing more accurate monitoring of broadband voltage, current and power.

    Total direct funding received for the first phase of the RF XL Pilot was $24.4 million and included $5.9 million from Alberta Innovates, $5.5 million from Sustainable Development Technology Canada (“SDTC”), $5.0 million from Emissions Reduction Alberta (“ERA”), $3.0 million from CRIN and $5.0 million in aggregate from three oil sands operators. See discussion below in Financial Summary. In exchange for funding, the oil sands operators received exclusive access to detailed technical data and test results, prioritized rights to host a subsequent test, preferred pricing on pre-commercial products and preferred access to RF XL products. These major oil sands producers represent well over one million barrels of oil sands and heavy oil production per day.

    QUARTER IN REVIEW

    Revenue of $1.9 million was recorded in the three months ended December 31, 2024 (“Q4 2024”) compared to $44 thousand in the three months ended December 31, 2023 (“Q4 2023”) and $3.3 million in the previous quarter ended September 30, 2024 (“Q3 2024”). Revenue in Q4 2024 included $1.9 million related to the RF XL Pilot. Deferred revenue related to a contract with one oil sands producer was recognized when all deliverables were provided.

    Total comprehensive income for Q4 2024 was $0.9 million compared to a comprehensive income of $0.8 million for Q4 2023 and comprehensive income of $1.2 million for Q3 2024. Comprehensive income in Q4 2024 and Q3 2024 was higher due to revenue related to the RF XL Pilot, while positive comprehensive income in Q4 2023 was due to higher government assistance for R&D. Finance expenses in Q4 2024 and Q4 2023 include interest expense on notes payable which are funding the Company’s working capital. Comprehensive income in all periods was impacted by changes in value of the derivative financial instruments embedded within the convertible debenture. The changes in derivative value are driven primarily by the fluctuation in the Company’s share price.

    Gross R&D expenses incurred in Q4 2024 were $0.6 million compared to $0.7 million in Q4 2023 and $0.5 million in Q3 2024. R&D spending in Q4 2024 was principally related to the IMII dryer for potash ore and included lab engineering, designing and testing, data analysis, and partner consultations. R&D spending in Q4 2023 was related to the RF XL Pilot. There was $nil government assistance received in Q4 2024 and $2.1 million in Q4 2023 and $0.7 million in Q3 2024. The Company received the final CRIN payment of $0.3 million in Q3 2024 and the final ERA holdback payment of $0.2 million. The Government of Alberta’s Innovation Employment Grant (“IEG”) to support research and development was effective January 1, 2021 and provides a grant of up to 20% of eligible R&D expenses incurred in Alberta. This new grant effectively replaced Alberta’s 10% scientific research and experimental development refundable tax credit that was eliminated as at December 31, 2019. The Company met the eligibility criteria, claimed eligible R&D expenditures and received $0.3 million in Q3 2024 related to 2023 eligible expenditures, received $0.1 million in the three months ended September 30, 2023 related to 2022 eligible expenditures, and $0.4 million in the three months ended March 31, 2023 related to 2021 eligible expenditures. Government assistance is recorded as a reduction of R&D expenses.

    G&A expenses incurred in Q4 2024 were $315 thousand compared to $579 thousand in Q4 2023 and $446 thousand in Q3 2024. There were lower non-cash payroll related costs incurred in Q4 2024 due to the timing of option grants and lower salaries as the Company continues to prioritize cost control given uncertain economic conditions.

    YEAR IN REVIEW

    Revenue of $5.2 million was recorded for the year ended December 31, 2024 compared to $279 thousand for the year ended December 31, 2023. Revenue for the year ended December 31, 2024 included $4.75 million services revenue related to the RF XL Pilot and $322 thousand in services revenue related to the potash drying project. Revenue was recognized for the RF XL Pilot as all milestones were completed under Project Funding Agreements for two oil sands producers while a third oil sands producer terminated its Project Funding Agreement triggering revenue recognition of previously received milestone payments.

    Total comprehensive income for the year ended December 31, 2024 was $2.0 million compared to comprehensive loss of $2.0 million for the year ended December 31, 2023. The increase was due to higher revenue as noted above, despite lower government assistance for R&D. There were fluctuations in both periods related to changes in fair value of the derivative financial instruments embedded in convertible debentures.

    Gross R&D expenses for the year ended December 31, 2024 were $2.3 million compared to $2.9 million incurred during the year ended December 31, 2023 due to higher R&D activity in the first half of 2023 related to the final on site activities associated with the RF XL Pilot. Federal and provincial government assistance of $1.2 million was recognized in the year ended December 31, 2024. This was lower than the $2.6 million for the year ended December 31, 2023 when the RF XL Pilot on-site activities wrapped up. R&D net of government assistance was $1.0 million in the year ended December 31, 2024 compared to $255 thousand in the year ended December 31, 2023.

    General and administrative (“G&A”) expenses incurred during the year ended December 31, 2024 were $1.6 million compared to $2.0 million for the year ended December 31, 2023, due to lower salaries and professional fees. The Company continues to prioritize cost management, while it works on sourcing financing alternatives.

    As at December 31, 2024, Acceleware had negative working capital of $3.4 million (December 31, 2023 – negative working capital of $2.0 million) including cash and cash equivalents of $272 thousand (December 31, 2023 – $1.0 million). The increase in negative working capital is attributable to the decrease in cash as well as an increase in short term notes payable, and an increase in deferred management compensation.

    In the interests of matching cash requirements with a combination of cash generated from operations, external funding, and capital raising activities, the Company actively manages its cash flow and investments in new products. Acceleware intends to maximize cash generated from operations through several initiatives which include continuing to focus on higher gross margin software products that are marketed through a combination of direct and reseller models; minimizing operating expenses where possible; and limiting capital expenditures. As the Company continues to develop its RF Heating technology, new R&D investments will be financed through a combination of internal cash flow from the HPC business, project funding agreements, government assistance and external financing, when available.

    ABOUT ACCELEWARE:

    Acceleware is an innovator of clean-tech decarbonization technologies comprised of two business units: Radio Frequency Heating Technology and Seismic Imaging Software.

    Acceleware is piloting RF XL, its patented low-cost, low-carbon production technology for heavy oil and oil sands that is materially different from any heavy oil recovery technique used today. Acceleware’s vision is that electrification of heavy oil and oil sands production can be made possible through RF XL, supporting a transition to much cleaner energy production that can quickly bend the emissions curve downward. With clean electricity, Acceleware’s RF XL technology could eliminate greenhouse gas (GHG) emissions associated with heavy oil and oil sands production. RF XL uses no water, requires no solvent, has a small physical footprint, can be redeployed from site to site, and can be applied to a multitude of reservoir types. Acceleware is also actively developing partnerships for RF heating of other industrial applications using the Company’s proprietary CTI.

    Acceleware and Saa Dene Group (co-founded by Jim Boucher) have created Acceleware | Kisâstwêw to raise the profile, adoption, and value of Acceleware technologies. The shared vision of the partnership is to improve the environmental and economic performance of the energy sector by supporting ideals that are important to Indigenous peoples, including respect for land, water, and clean air.

    The Company’s seismic imaging software solutions are state-of-the-art for high fidelity imaging, providing the most accurate and advanced imaging available for oil exploration in complex geologies. Acceleware is a public company listed on Canada’s TSX Venture Exchange under the trading symbol “AXE”.

    NOTE REGARDING FORWARD-LOOKING INFORMATION AND OTHER ADVISORIES

    This news release contains “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking information generally means information about an issuer’s business, capital, or operations that are prospective in nature, and includes disclosure about the issuer’s prospective financial performance or financial position. 

    The forward-looking information in this press release can be identified by terms such as “believes”, “estimates”, “plans”, “potential”, and “will”, and includes information about, the expected commercialization of RF XL, the expected cost of the RF XL Pilot, the timing of the execution of the RF XL Pilot and the redeployment, expected financing required for the RF XL Pilot redeployment, and the anticipated economic and societal benefits of the RF XL technology. Acceleware assumes that current cost estimates are accurate, current timelines will not be delayed by either internal or external causes, that research and development effort including the commercial-scale test plans will result in commercial-ready products, and that future capital raising efforts will be successful.

    Actual results may vary from the forward-looking information in this press release due to certain material risk factors. These risk factors are described in detail in Acceleware’s continuous disclosure documents, which are filed on SEDAR at www.sedar.com. 

    Acceleware assumes no obligation to update or revise the forward-looking information in this press release, unless it is required to do so under Canadian securities legislation. 

    This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this release in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. 

    DISCLAIMER

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

    For more information:
    Geoff Clark
    Tel: +1 (403) 249-9099
    geoff.clark@acceleware.com

    Acceleware Ltd.
    435 10th Avenue SE
    Calgary, AB, T2G 0W3
    Canada
    Tel: +1 (403) 249-9099
    www.acceleware.com

    The MIL Network –

  • MIL-OSI USA: Welch Votes to Undo Tariffs on Canada, Reassert Congress’s Authority Over Trade Policy

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    Welch slams Trump’s trade war on the Senate Floor: “These tariffs will be a dagger in the heart of the Vermont economy.”
    WASHINGTON, D.C. – Tonight, U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance and Senate Agriculture Committees, voted to end President Trump’s reckless tariffs on Canadian imports—a tax on Vermont businesses and manufactures, farmers, and families. The vote comes on the same day President Trump imposed new global tariffs, throwing the economy into chaos.  
    “These tariffs on Canada are terrible for Vermont’s economy, arbitrary, and frankly—really stupid. President Trump’s trade war has raised prices for working families across the country and eroded trust between our neighbor and best ally in trade. I voted to end these reckless tariffs and reassert Congress’s power over trade policy,” said Senator Peter Welch after the vote. 
    Before voting, Senator Welch took to the Senate Floor to denounce President Trump’s announcement of new, blanket tariffs, which will devastate Vermont and the global economy. The Senator’s remarks followed a press conference earlier today where Senator Welch described President Trump’s trade policy as “Totally bad. Totally wrong. Doomed.” 
    “I want to talk about how these tariffs will be a dagger in the heart of the Vermont economy. The question for this institution is will we, as the United States Senate, accept the responsibility that each and every one of us, as Senators, has to stand up for the independent authority and responsibility of this institution?” asked Senator Welch from the Senate Floor.  
    “…What I’m seeing is a lawless rampage on the part of the Executive, being accommodated by an appeasing Congress, not standing up for its authority in many different areas…A couple decades ago this Congress gave, and delegated, some authority to the President in a national emergency to impose tariffs. That authority was given with the expectation, and rightly so in a mutually respectful civil society, that a President would use it for the intended purpose and with restraint. Whether it was Republican or Democrat…” Welch continued. “What President Trump has done is run roughshod over that, showing no restraint and using that delegation of authority, not for a national emergency, but for whatever his latest policy idea is and whatever leverage he wants to extract. We cannot allow that to happen and maintain the separation of powers that is so fundamental to the long-term well-being of our country. Senator Kaine is absolutely right. This is not a partisan question, it’s an institutional question: Do we see our role—do we see our responsibility—for maintaining that system of checks and balances? I do. That’s the heart of this matter.”
    In his remarks from the Senate Floor, Senator Welch shared the concerns of impacted Vermonters, including farmers, food banks, manufactures, construction companies and homebuilders, maple sugar makers, and more.  
    Watch his full remarks here:  
    Earlier today, Senator Welch joined Democratic Leader Chuck Schumer (D-N.Y.), Senator Tim Kaine (D-Va.) and Senator Angela Alsobrooks (D-Md.) to slam the Administration’s trade war: 
    “Nobody supports tariffs economically. Economists have looked at this and they don’t work, and they do a lot of hurt…. We have an affordability crisis in this country. Working families are struggling to pay their bills. And just in Vermont—to make it very concrete—we get a lot of our electricity from Canada. We get a lot of our gasoline—on the northern part of Vermont—from Canada. We get our home heating fuel from Canada. And those bills for folks are going to go up immediately,” Senator Welch said. 
    “Canada is our friend. It’s not China. And along the border, where we have decades and decades of mutual respect, that’s starting to change—into distrust. And a confident country treats its allies with respect, and these tariffs are going to do direct and immediate economic harm to everyday Vermont families and farmers, maple sugar producers. But it’s also going to start eroding the trust that is the benefit of good relations over time…Totally bad. Totally wrong. Doomed. And the only question is: How much pain will he inflict on everyday Vermonters before he comes to his senses and withdraws this tariff policy?” Senator Welch concluded.
    View the livestream here:  
    Background on S.J.Res. 37 and the Trade War: 
    The bipartisan joint resolution of disapproval, cosponsored by Welch and led by Sen. Tim Kaine (D-Va.), would terminate President Trump’s February 1st emergency declaration used to launch the trade war with Canada and eliminate the tariffs on Canadian imports. President Trump’s order cites the International Economic Emergency Powers Act (IEEPA), an unprecedented use of IEEPA in its nearly half-century history.   
    Senator Welch has blasted Trump’s tariffs and trade war and shared stories from constituents about how President Trump’s economic policies have impacted their businesses, farms, and communities. Recently, Senator Welch hosted a roundtable in Newport with Vermont and Canadian business leaders to discuss President Trump’s Trade War. He has also held events in St. Albans and virtually to hear directly from impacted Vermonters. 
    Canada is the largest trading partner for 34 U.S. states, including Vermont. In 2024 alone, trade with Canada accounted for 35% of Vermont’s exports, 67% of imports, and 56% of its total trade. One in four businesses in Vermont relies on trade with Canada.   
    In many cases, Vermont manufacturers buy imports from Canada to manufacture products. Tariffs on Canada threaten business closures and job layoffs, higher homebuilding costs, increased grain costs for farmers, and more expensive equipment for maple producers—among other costs that will get passed on to working families. 
    A new poll from AP-NORC found that a majority of voters—60%—disapprove of the president’s handling of trade negotiations, and 58% disapprove of his handling of the economy. 

    MIL OSI USA News –

  • MIL-OSI Security: Attorney Stephen L. Snyder Sentenced for Attempted Extortion

    Source: Office of United States Attorneys

    Baltimore, Maryland – Today, U.S. District Judge Deborah L. Boardman sentenced Stephen L. Snyder, 77, of Baltimore, Maryland, to three years of probation with six months of home confinement, for one count of attempted extortion and seven counts of the Travel Act. A federal jury found Snyder guilty back on November 22, 2024, after a nine-day trial.

    Kelly O. Hayes, U.S. Attorney for the District of Maryland, announced the sentence with Special Agent in Charge William J. DelBagno of the Federal Bureau of Investigation (FBI) – Baltimore Field Office.

    According to the evidence at trial, Snyder, a plaintiffs medical malpractice attorney in the Baltimore area, represented two medical malpractice claimants who allegedly experienced injury following organ transplants at the University of Maryland Medical Center (UMMC). From January 2018 through September 2018, Snyder attempted to extort the University of Maryland Medical System (UMMS) by threatening to “destroy” the UMMC transplant department unless UMMS paid him $25 million personally and separate from any settlement with his client.

    Specifically, Snyder threatened to launch a public-relations campaign that would falsely accuse UMMC of tricking unsophisticated patients into accepting diseased organs. He claimed that he would run a front-page ad in The Baltimore Sun, hold a press conference, and create an internet advertisement directing anyone searching for the UMMC transplant program to his law firm’s website. Snyder also threatened to create commercials conveying his false message and accusing UMMC of putting “profits over safety.” Snyder played these commercials during meetings with attorneys representing UMMS. Snyder claimed that the parties could enter into a sham consulting agreement that would provide cover for the $25 million payment.

    Snyder made his extortionate demands and threats over a series of meetings and phone calls with attorneys for UMMS in 2018. One of those meetings, which occurred on August 23, 2018, was recorded by Federal law enforcement using hidden video cameras.

    U.S. Attorney Hayes commended the FBI for their work in the investigation. Ms. Hayes also thanked Assistant U.S. Attorneys Matthew P. Phelps and Evelyn L. Cusson who prosecuted the federal case.

    For more information about the Maryland U.S. Attorney’s Office, its priorities, and resources available to help the community, please visit www.justice.gov/usao-md and https://www.justice.gov/usao-md/community-outreach.

    # # #

    MIL Security OSI –

  • MIL-OSI USA: Strong Touts Critical Funding for Scottsboro Law Enforcement

    Source: United States House of Representatives – Representative Dale Strong (Alabama)

    WASHINGTON—Today, Representative Dale W. Strong (AL-05) visited with the Scottsboro Police Department after securing $120,000 for new vehicles through community project funding in the Fiscal Year 2024 (FY24) appropriations package.  

    The congressionally directed spending enabled the Scottsboro Police Department to purchase new vehicles for their law enforcement officers to replace vehicles approaching the end of their operational life.  

    “I am proud to have secured $120,000 in funding for the Scottsboro Police Department to purchase and outfit new patrol vehicles. This investment ensures our officers have the reliable equipment they need to protect and serve their community.

    “Supporting our law enforcement is essential to maintaining the safety and well-being of North Alabama’s residents. Investments like this not only enhance public safety but demonstrate our unwavering support for the brave men and women who serve,” said Representative Dale Strong.  

    Scottsboro Police Department was able to purchase two fully outfitted Ford Police Inceptor Utility vehicles. These vehicles permit the Department to investigate crimes on all severity levels with better and more up-to-date equipment.  

    “We would like to thank Congressman Dale Strong and his office for allowing the Scottsboro Police Department the opportunity to apply for and obtain federal dollars through his office,” said Scottsboro Police Lieutenant Coty Durham. “With the funding from Congressman Strong, the Scottsboro Police Department was able to purchase new patrol vehicles in order to better serve our citizens!”

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Warren, Schumer, Hirono Open Investigation into DOGE’s AI Chatbot Plan to Replace Education Department Call Centers

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    April 02, 2025

    Warren, Schumer, Hirono Open Investigation into DOGE’s AI Chatbot Plan to Replace Education Department Call Centers 

    This comes as Senator Warren launches Save Our Schools campaign

    “Given DOGE’s record of prioritizing chaos over competence, there is little reason to believe that DOGE’s AI chatbot would genuinely serve the needs of borrowers and families.”

    Text of Letter (PDF)

    Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.) and Mazie Hirono (D-Hawaii), along with Senate Democratic Leader Chuck Schumer (D-N.Y.), sent a letter to Secretary of Education Linda McMahon regarding the Department of Government Efficiency’s (DOGE) proposed plan to replace the Department of Education’s (ED or the Department) federal student aid call centers with generative artificial intelligence (AI) chatbots.

    “DOGE’s proposal threatens to misinform borrowers and families, lead to data privacy breaches, and pose conflicts of interest arising from Elon Musk’s financial stake in AI development,” wrote the senators.

    Given that generative AI chatbots, such as Chat-GPT and Gemini, are known to “hallucinate” convincing but factually incorrect information, the senators raised concerns that a generative AI student aid chatbot could provide inaccurate information that, among other problems, could lead borrowers to enroll in a student loan repayment plan that is inappropriate for their financial situation, mislead students about their Pell Grant eligibility, or provide incorrect advice on how to interpret colleges’ financial aid offers or misinform families on how to fill out the FAFSA. 

    According to the senators, DOGE’s proposal also raises concerns regarding the privacy of students, families, and borrowers. Experts warn that if sensitive data is not properly safeguarded, generative AI chatbots could inadvertently leak personal data during interactions with users or even leave that data vulnerable to cybercriminals. The AI chatbot’s conversations with users would constitute yet another stream of government data that Mr. Musk could use to gain a competitive advantage for xAI.

    “Given DOGE’s record of prioritizing chaos over competence, there is little reason to believe that DOGE’s AI chatbot would genuinely serve the needs of borrowers and families,” wrote the senators.

    The senators demand a response from Secretary McMahon regarding their concerns by April 15, 2025. This letter comes on the same day that Senator Warren launches her Save Our Schools campaign to fight back against the Trump Administration’s efforts to dismantle the Department of Education and highlight the consequences for every student and public school in America.

    MIL OSI USA News –

  • MIL-OSI USA: Senator Reverend Warnock Issues Statement on Potential Harm President Trump’s Reckless Tariffs Will put on Price of Groceries, Everyday Goods

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    Senator Reverend Warnock Issues Statement on Potential Harm President Trump’s Reckless Tariffs Will put on Price of Groceries, Everyday Goods

    Today, President Trump announced the rollout of a sweeping set of tariffs that will raise the cost of everyday goods for ordinary Georgians

    The tariffs will increase costs on many consumer purchases, including cars and groceries, and risk the loss of Georgia manufacturing jobs

    Today’s announcement will directly harm Georgia’s agriculture and manufacturing sectors

    Senator Reverend Warnock is the Ranking Member of the Senate Finance Subcommittee on International Trade, Customs, and Global Competitiveness

    Senator Reverend Warnock: “Today’s tariffs announcement won’t make Georgians’ lives easier or more affordable, but instead will make life more expensive”

    Washington, D.C. – Today, U.S. Senator Reverend Raphael Warnock (D-GA), ranking member of the Senate Finance Subcommittee on International Trade, Customs, and Global Competitiveness, issued the following statement after President Trump rolled out a sweeping set of tariffs that raise the prices of everyday goods, like groceries.

    “I was sent to the Senate to advocate on behalf of Georgians from across the state, to help bring down their everyday costs, to fight to protect their jobs, and to help more people afford things like a car and a home.”

    “Today’s tariffs announcement won’t make Georgians’ lives easier or more affordable, but instead will make life more expensive.”

    “The chaos of these tariffs will raise the prices of cars, groceries, housing, and so much more, all while putting American farmers, the backbone of our state’s economy, in the middle of an international trade war that will only lead to reduced access to foreign markets and even shuttered farms.”

    “Tariffs can be a good tool to protect American jobs and force other nations to play by the rules. But when they are imposed in such an unpredictable, chaotic, and sweeping manner, it is the average American who will bear the brunt in the fallout of these actions.”

    “I will continue to fight back on any actions that put Georgia and American families in overwhelmingly burdensome financial situations. These tariffs won’t help anybody and will wreck our economy.”

    MIL OSI USA News –

  • MIL-OSI USA: Senator Reverend Warnock Brings GA Seniors’ Concerns Directly to Social Security Admin Nominee, Uplifts Hundreds of Stories from Georgians

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    Senator Reverend Warnock Brings GA Seniors’ Concerns Directly to Social Security Admin Nominee, Uplifts Hundreds of Stories from Georgians

    Senator Reverend Warnock collected and submitted over 250 questions from Georgians to Social Security Administration (SSA) nominee Frank Bisignano about how he would protect Social Security if confirmed

    The questions were compiled from over 500 stories sent in from Georgia seniors and family members who are deeply worried about the future of Social Security

    Bisignano is required to answer questions before his final confirmation vote out of the Senate Finance Committee

    Last week, Senator Reverend Warnock questioned Bisignano during his confirmation hearing in front of the Senate Finance Committee

    Senator Reverend Warnock: “Georgians had questions about the Trump administration’s overall disdain and callousness toward people who depend on their social security benefits to live”

    Washington, D.C. – Today, U.S. Senator Reverend Raphael Warnock (D-GA) submitted over 250 questions from concerned Georgians to Social Security Administration (SSA) nominee Frank Bisignano to answer following his confirmation hearing before the Senate Finance Committee. The 261 questions were pulled from over 500 responses from Georgia seniors and family members who have concerns about the future of social security in the state.

    “Georgians asked about this nominee’s plans to ensure their benefits are not disrupted by DOGE. They asked about Elon Musk accessing their personal data. They asked about disability wait times and approval backlogs. But by far most Georgians had questions about the Trump administration’s overall disdain and callousness toward people who depend on their social security benefits to live,” said Senator Warnock when submitting the questions for the record.

    During last week’s hearing, Senator Warnock questioned Bisignano on his commitment to keep all field offices in the state open for Georgia seniors and increase staffing at Georgia field offices. Several weeks before the hearing, SSA announced it was making access to benefits more difficult for seniors, no longer allowing individuals to apply for benefits or request a direct deposit change over the phone. These and other proposed changes at the SSA could lead to an increase of 7 million visits to field offices per year across the country, and an estimated 200,000 additional visits in Georgia alone. Senator Warnock remains committed to ensuring Georgians can easily and efficiently access their benefits that they have paid into over their lifetime. 

    Questions submitted to Bisignano are available HERE:

    Bisignano’s responses are available HERE:

    MIL OSI USA News –

  • MIL-OSI Security: Texas Woman Sentenced to 18 Months in Prison for Conspiracy to Defraud the IRS

    Source: Office of United States Attorneys

    PHOENIX, Ariz. – Jackie Marie Peters, 53, of Mansfield, Texas, was sentenced on March 31, 2025, by United States District Judge G. Murray Snow to 18 months in prison, followed by three years of supervised release. Peters previously pleaded guilty to Conspiracy to Defraud.

    From approximately January 2020 through April 2022, Peters’s co-conspirators hacked into an Arizona tax-preparer firm’s computer network and modified in-progress tax documents for more than 40 individuals without their knowledge or the knowledge of the firm. Peters then opened 10 bank accounts at different banks, and numerous tax refunds based upon the modified tax documents were deposited into those accounts. Peters ultimately transferred more than $2.5 million from the accounts that received fraudulent tax refunds to purchase cryptocurrency.

    The IRS Criminal Investigation Phoenix Field Office conducted the investigation in this case. The United States Attorney’s Office, District of Arizona, Phoenix, handled the prosecution.

    CASE NUMBER:           CR-23-00948-PHX-GMS
    RELEASE NUMBER:    2025-047_Peters

    # # #

    For more information on the U.S. Attorney’s Office, District of Arizona, visit http://www.justice.gov/usao/az/

    Follow the U.S. Attorney’s Office, District of Arizona, on Twitter @USAO_AZ for the latest news.

    MIL Security OSI –

  • MIL-OSI Security: Sullivan Man Indicted for Fentanyl and Methamphetamine Possession

    Source: Office of United States Attorneys

    SPRINGFIELD, Mo. – A Sullivan, Mo., man who was arrested in southwest Missouri with 16.8 pounds of methamphetamine and 4.7 pounds of fentanyl has been indicted by a federal grand jury for possession with the intent to distribute methamphetamine and fentanyl.

    Tyler Kittrell, 38, was charged in a two-count indictment returned by a federal grand jury in Springfield, Mo. Today’s indictment replaces a criminal complaint that was filed against Kittrell on Feb. 24, 2025.

    According to an affidavit filed in support of the original criminal complaint, Kittrell was stopped on Interstate 44 by Joplin, Mo., police officers on Feb. 14, 2025. When officers searched his vehicle, they found $13,120 in cash and multiple packages containing methamphetamine and fentanyl. Officers seized approximately 7,658 grams of methamphetamine and 2,142 grams of fentanyl from inside the vehicle.

    The charges contained in this indictment are simply accusations, and not evidence of guilt. Evidence supporting the charges must be presented to a federal trial jury, whose duty is to determine guilt or innocence.

    This case is being prosecuted by Special Assistant U.S. Attorney Hannah R. Lucas. It was investigated by the Joplin, Mo., Police Department and the Federal Bureau of Investigation. 

    MIL Security OSI –

  • MIL-OSI Security: Guatemalan man arrested, charged with illegal reentry

    Source: Office of United States Attorneys

    ROCHESTER, N.Y.-U.S. Attorney Michael DiGiacomo announced today that Wilson Oswaldo Galvan-Lope, 25, a citizen of Guatemala, was arrested and charged by criminal complaint with illegal reentry, which carries a maximum penalty of two years in prison.

    Assistant U.S. Attorney Nicholas M. Testani, who is handling the case, stated that according to the complaint, on March 24, 2025, Homeland Security Investigations special agents were conducting surveillance on an Orange Street residence in Rochester, targeting Galvan-Lope, an illegal alien under investigation for being a found in the United States after being deported. As a truck exited the driveway of the residence, agents noticed that the driver appeared to resemble of the photograph of Galvan-Lope. They conducted a vehicle stop near the intersection of Whitney Street and Lyell Avenue. Through routine questioning of identity documents and record checks, the agents determined that Galvan-Lope and two passengers in the vehicle had no immigration status in the United States. All three were taken into immigration custody. Galvan-Lope was previously ordered deported from the United States in May 2023.

    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.

    Galvan-Lope made an initial appearance today before U.S. Magistrate Judge Colleen D. Holland and was ordered detained.

    The criminal complaint is the result of of an investigation by Homeland Security Investigations, under the direction of Special Agent-in-Charge Erin Keegan. 

    The fact that a defendant has been charged with a crime is merely an accusation and the defendant is presumed innocent until and unless proven guilty.   

    # # # #

    MIL Security OSI –

  • MIL-OSI Security: Federal grand jury indicts seven people for their roles in narcotics conspiracy

    Source: Office of United States Attorneys

    BUFFALO, N.Y.-U.S. Attorney Michael DiGiacomo announced today that a federal grand jury has returned an indictment charging seven defendants for their roles in a narcotics conspiracy. Named in the indictment and charged with conspiracy to possess with intent to distribute, and to distribute, five kilograms or more of cocaine, 50 grams or more of methamphetamine, and fentanyl are:

    • Winnie Taru Woods a/k/a Ru, 50, of Buffalo
    • Sharron McCullough a/k/a Black, 34, of Brooklyn, NY
    • Marlon Holt, Jr. a/k/a Scooter a/k/a Professor, 51, of Buffalo
    • Norman Patillo, 44, of Houston, Texas
    • Gary Sudesh Gosine, Sr., 50, a citizen of Trinidad and Tobago
    • Ian Dyer, 25, of Austin, Texas
    • Shannell Gosine, 27, of Baytown, Texas

    In addition, defendants Woods, McCullough, and Holt are also charged with possession with intent to distribute five kilograms or more of cocaine and 50 grams or more of methamphetamine. The defendants face a mandatory minimum penalty of 10 years in prison, a maximum of life, and a $10,000,000 fine.

    Assistant U.S. Attorney Michael J. Adler, who is handling the case, stated that according to the indictment, between April 2023, and February 2025, the defendants conspired to sell cocaine, methamphetamine, and fentanyl. During the conspiracy, defendants Winnie Taru Woods and Sharron McCullough would purchase bulk quantities of narcotics from cartels in Mexico for later resale by others in Buffalo, New York City, and elsewhere. Gary Sudesh Gosine, Sr. was one of their sources of supply in Mexico. Defendants Holt, Patillo, Dyer, and Shannell Gosine, took numerous trips to and from Texas, New York, and other cities, transporting the narcotics and bulk currency. On May 7, 2024, Holt, while traveling back from Texas, was stopped by the Ontario County, NY, Sheriff’s Office and arrested after being found in possession of nine kilograms of cocaine and 3.5 kilograms of methamphetamine in his trunk. 

    The defendants have all been arraigned. Defendants Woods, McCullough, Gary Sudesh Gosine, Sr. and Patillo were detained. Defendants Holt, Dyer, and Shannell Gosine were released on conditions.

    “This case falls within the parameters of Operation Take Back America,” stated U.S. Attorney DiGiacomo. “The Operation Take Back America initiative focuses resources on the elimination of cartels, such as the ones allegedly involved in this case, in an effort to protect our communities from the members of these criminal organizations.”

    HSI Special Agent-in-Charge Erin Keegan stated, “As alleged, the defendants conspired with Mexican cartels to traffic deadly narcotics into the U.S., across the country and into our New York communities. The unified strength and versatility of the U.S. federal law enforcement system, together with our state partners, has once again stopped an allegedly dangerous drug trafficking organization in its tracks. Securing the homeland from dangers posed by foreign organizations and threats is among HSI’s top priorities. We are relentlessly prepared to confront bad actors seeking financial gain by whatever means necessary.”

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

    The indictment is the result of an investigation by Homeland Security Investigations, under the direction of Special Agent-in-Charge Erin Keegan, and the Drug Enforcement Administration, under the direction of Special Agent-in-Charge Frank Tarantino, New York Field Division. Additional assistance was provided by the Ontario County, NY, Sheriff’s Office, the 23rd Judicial Taskforce, Tennessee, as well as Homeland Security Investigations in NY, and Houston and Austin, Texas.

    The fact that a defendant has been charged with a crime is merely an accusation and the defendant is presumed innocent until and unless proven guilty.

    # # # #

    MIL Security OSI –

  • MIL-OSI Security: Warrensburg Sex Offender Sentenced to 25 Years for Child Pornography

    Source: Office of United States Attorneys

    KANSAS CITY, Mo. – A Warrensburg, Mo., man was sentenced in federal court today for distributing and possessing child pornography.

    William Aloys Wameling, Jr., 39, was sentenced by U.S. District Judge Greg Kays to a total sentence of 25 years in federal prison without parole. The court also sentenced Wameling to a lifetime term of supervised release following incarceration. Wameling was ordered to pay restitution in the amount of $99,000 to the victims of his offenses.

    On Aug. 27, 2024, Wameling pleaded guilty to the charges. Wameling has a prior conviction for possession of child pornography.

    Wameling will be required to register as a sex offender upon his release from prison and will be subject to federal and state sex offender registration requirements, which may apply throughout his life.

    This case was prosecuted by Assistant U.S. Attorney Alison Dunning. It was investigated by Homeland Security Investigations, and the Johnson Co. Missouri Sheriff’s Office.

    Project Safe Childhood

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by the United States Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute individuals who sexually exploit children, and to identify and rescue victims. For more information about Project Safe Childhood, please visit www.usdoj.gov/psc . For more information about Internet safety education, please visit www.usdoj.gov/psc and click on the tab “resources.”

    MIL Security OSI –

  • MIL-OSI Security: Newington Man Admits Trafficking Narcotic Pills, Violating Supervised Release from Prior Conviction

    Source: Office of United States Attorneys

    Marc. H. Silverman, Acting United States Attorney for the District of Connecticut, announced that KYLE PETERSEN, 39, of Newington, pleaded guilty today before U.S. District Judge Kari A. Dooley in Bridgeport to a narcotics trafficking offense and admitted that he violated the conditions of his supervised release that followed a prior federal conviction.

    According to court documents and statements made in court, in May 2023, members of the DEA New Haven Tactical Diversion Squad began investigating suspicious packages that were being delivered to Petersen’s Newington residence.  At the time, Petersen was on federal supervised release following a federal conviction in 2017 involving the trafficking of fentanyl and prescription pills.  During the investigation, a court-authorized search of a package mailed to Petersen contained more than 400 grams of pills containing Protonitazene, a synthetic opioid typically more potent than fentanyl.  The investigation revealed that Petersen had received approximately 34 similar packages mailed from the same source in Michigan, and also received approximately 46 packages from California and Oregon suspected to contain multiple pounds of marijuana.  Investigators also made controlled purchases of counterfeit Percocet pills containing fentanyl from Petersen’s brother, Erik Peterson.

    Kyle and Erik Petersen were arrested on federal criminal complaints on April 3, 2024.  On that date, a search of Kyle Petersen’s residence revealed more than a kilogram of counterfeit Adderall pills containing methamphetamine, counterfeit oxycodone pills containing fentanyl, counterfeit Xanax pills, a large quantity of Protonitazene, approximately 40 grams of cocaine, and $76,650 in cash.  Kyle Petersen has been detained since his arrest.

    Kyle Petersen pleaded guilty to conspiracy to distribute and to possess with intent to distribute 500 grams or more of methamphetamine, and quantities of cocaine, fentanyl, and Protonitazine.  He also admitted he violated the conditions of his supervised release and agreed to the forfeiture of the cash seized from his residence, an additional $57,530 in cash seized from a bank account, and a 2014 Porsche Cayenne.

    Judge Dooley scheduled sentencing for July 3, at which time Kyle Peterson faces a mandatory minimum term of imprisonment of 10 years and a maximum term of imprisonment of life.

    Erik Petersen, of New Britain, pleaded guilty to a related charge and awaits sentencing.

    This matter is being investigated by the DEA New Haven Tactical Diversion Squad, with the assistance of the U.S. Postal Inspection Service and the New Britain and Newington Police Departments.  The Tactical Diversion Squad is composed of personnel from the DEA, the Connecticut State Police, and the Bristol, Hamden, West Haven, Fairfield, Seymour, and Glastonbury Police Departments.  The case is being prosecuted by Assistant U.S. Attorney Brendan Keefe.

    MIL Security OSI –

  • MIL-OSI USA: Crapo: FY 2025 Budget Resolution will Deliver Permanent Tax Relief, Spur Economic Growth and Restore Fiscal Order

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho), Chairman of the Senate Finance Committee and member of the Senate Budget Committee, issued the following statement after Senate Budget Committee Chairman Lindsey Graham (R-South Carolina) released the text of the Senate’s Fiscal Year 2025 Budget Resolution, which provides a $1.5 trillion instruction to the Senate Finance Committee on a current policy baseline.

    “The 2017 Trump tax cuts powered a booming economy, made the United States more competitive, and allowed working families to save more of their hard-earned dollars,” said Crapo.  “This budget resolution unlocks the process to permanently extend proven, pro-growth tax policy, ensure Americans can keep more of their hard-earned money, provide additional tax relief to those who need it most, and take long-overdue steps toward getting our fiscal house in order.” 

    READ: FY 2025 Budget Resolution will Deliver Permanent Tax Relief, Spur Economic Growth and Restore Fiscal Order

    MIL OSI USA News –

  • MIL-OSI USA: Luján: President Trump’s Reckless Tariffs Will Make Life More Expensive for Families and Put New Mexico Jobs at Risk

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)

    Experts Say Trump Tariffs Could Throw U.S. Into a Recession, Increase Annual Costs By Thousands for New Mexico Families 

    Washington, D.C. – Today, U.S. Senator Ben Ray Luján (D-N.M.), a member of the Senate Committee on Finance, issued the following statement on President Trump’s announcement to impose additional tariffs on global trading partners:

    “President Trump’s sweeping tariffs are a tax on hardworking New Mexicans. From the cost of groceries, to the price at the pump, to buying a car or building a home, these new tariffs will make daily life more expensive for many New Mexico families and businesses.

    “While President Trump should be focused on lowering prices for Americans, he is instigating a trade war and making everyday Americans the casualties. President Trump – who has said that he doesn’t care if costs go up – is creating economic uncertainty, shrinking life savings, putting New Mexico jobs at risk, and driving up costs for working families.

    “These tariffs are new and drastic tax increases on New Mexicans and the American people. President Trump is recklessly threatening the American economy – all while working to give the wealthiest few another tax handout and blowing up the national debt.”

    What People Are Saying: 

    Chamber of Commerce: “[T]he imposition of tariffs … will only raise prices for American families and upend supply chains.”

    National Association of Manufacturers: “Ultimately, manufacturers will bear the brunt of these tariffs, undermining our ability to sell our products at a competitive price and putting American jobs at risk.”

    United Steelworkers: “Our union calls on President Trump to reverse course on Canadian tariffs so that we can focus on trade solutions that will serve working families for the long-term.”

    International Association of Machinists: “The 25% tariffs on Canadian goods imported to the U.S., will result in job losses, increased prices, and a variety of other negative impacts.”

    National Association of Home Builders: “Tariffs on lumber and other building materials increase the cost of construction and discourage new development, and consumers end up paying for the tariffs in the form of higher home prices.”

    American Farm Bureau: “farmers and rural communities will bear the brunt of retaliation. … Tariffs that increase fertilizer prices threaten to deliver another blow to the finances of farm families.”

    National Farmers Union: “We are already facing significant economic uncertainty, and these actions only add to the strain. … Without a clear plan, family farmers will once again be left to bear the burden of decisions beyond their control, and eventually, so will consumers.”

    Retail Industry Leaders Association: “Stacking tariffs on household goods will also raise costs on American families.”

    Food Industry Association: “New tariffs will also drive up the cost of doing business and food prices at a time consumers are extremely concerned about prices.”

    National Consumers League: “these tariffs could hurt everyday Americans. … Higher prices on basic goods would make life harder for families across the country, all as a result of these ill-conceived trade policies.”

    American Automakers: “Our American automakers, who invested billions in the U.S. to meet these requirements, should not have their competitiveness undermined by tariffs that will raise the cost of building vehicles in the United States and stymie investment in the American workforce.”

    MIL OSI USA News –

  • MIL-OSI USA: Rahul Varma Named Acting Director of CFTC Division of Market Oversight

    Source: US Commodity Futures Trading Commission

    WASHINGTON, D.C. — The Commodity Futures Trading Commission Acting Chairman Caroline D. Pham today announced Rahul Varma will serve as the Acting Director of the Division of Market Oversight.
    “Rahul has ably served the CFTC for more than a decade and brings a wealth of knowledge and experience to this new role,” Pham said. “I thank Rahul for his continued leadership in DMO.”
    Varma joined the CFTC in 2013 as an Associate Director for Market Surveillance in DMO, with responsibility for energy, metals, agricultural, and softs markets. In 2017, he helped start the Market Intelligence Branch in DMO and served as its Acting Deputy Director. In 2024, he took on the role of Deputy Director for the combined Market Intelligence and Product Review branches.
    Prior to joining CFTC, Varma held risk management and consulting roles in the private sector. He also worked at the Federal Energy Regulatory Commission in the Office of Market Oversight and Investigations (predecessor of Office of Enforcement). 
    Varma has a BTech from IIT Delhi, a master’s degree from Case Western Reserve University, and an MBA from George Washington University.

    MIL OSI USA News –

  • MIL-OSI USA: Chairman Capito Outlines Surface Transportation Principles at Hearing with DOT Secretary Duffy

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito
    To watch Chairman Capito’s opening statement, click here or the image above.
    WASHINGTON, D.C. – Today, U.S. Senator Shelley Moore Capito (R-W.Va.), Chairman of the Senate Environment and Public Works (EPW) Committee, led a hearing beginning the development of the Surface Transportation Reauthorization Bill with the Secretary of the United States Department of Transportation (DOT), Sean Duffy.
    In her opening remarks, Chairman Capito detailed her vision for the Surface Transportation Reauthorization Bill, and welcomed input and collaboration from the Trump administration and Secretary Duffy as the reauthorization effort begins. This hearing serves as the first of a two-part series of hearings on the Surface Transportation Reauthorization Bill.
    Below is the opening statement of Chairman Shelley Moore Capito (R-W.Va.) as delivered.
    “Thank you for joining us this morning as we begin our work to develop the next Surface Transportation Reauthorization Bill. This hearing is the first of a two-part series that we are having to help us guide our work, and I really want to thank Secretary Duffy for being here with us today.
    “My vision for this legislation is simple, but important. We want to improve the movement of people and goods.
    “Our roads and bridges are what connect us to the people and places that matter most in our lives. They help American businesses, large and small, create jobs and economic opportunities, and enable that competitiveness in the global marketplace. They connect everything around us from Point A to Point B. Every state has transportation needs and stands to benefit from the Surface Transportation Reauthorization Bill.
    “My home state of West Virginia is pursuing important projects, like the Coalfields Expressway, I’m specifically mentioning these in front of the Secretary, because he will be hearing from me on these two, Corridor H also, to better link our communities to essential services and economic opportunity. This legislation provides the funding and establishes the policies and programs that enable the improvement of the surface transportation network that we all so rely on. 
    “Since the enactment of the bipartisan Infrastructure Investment and Jobs Act, the EPW Committee has reviewed and conducted oversight of the existing policies and programs. We’ve learned a lot about what is working and what isn’t. That effort has provided me with three key principles for the next bill. By focusing on these principles, I’m confident that we can work towards bipartisan legislation, as we have in the past, that will deliver results for the American people. 
    “Principle One: Improving the safety and reliability of America’s surface transportation network with impactful investments.
    “In recent years, we’ve seen an increase in the number and scope of federal transportation programs. These programs have often had duplicative purposes, and project availability and eligibility. This leads to an expensive and time-intensive process to get funding out the door that disrupts the focus of federal funding and lessens the impact that the legislation can make.
    “As we craft the next Surface Transportation Reauthorization Bill we must make investments that instead, optimize the impact of federal funding and give state partners the confidence that they can invest over a longer period of time. We should focus on eliminating duplicative programs that invite regulatory overreach and increase funding for the highway formula programs that our states rely on and have a proven track record of success.
    “Principle Two: Reforming and modernizing federal programs and policies to increase efficiency.
    “We all know that as currently structured, federal requirements can add red-tape that increases costs and time, and slows down the completion of projects. We all want to deliver transportation benefits faster and save money for American taxpayers. 
    “To achieve this goal, we need to take a serious look at the federal requirements to determine how to make meaningful improvements to our planning and procurement procedures, our environmental review process for projects, and discretionary grants and loans requirements. By reforming and modernizing these requirements, we can create certainty for the partners who make these projects happen and ensure that the public receives the benefits of these needed investments quickly. 
    “Principle Three: Addressing the variety of surface transportation needs across all states.
    “Obviously, different states have different needs. I wouldn’t expect West Virginia, with our mountainous peaks and valleys, to prioritize the same transportation projects in other states in other parts of the country. By avoiding top-down mandates from Washington, and giving states flexibility to address the individual improvements, I think that is what we need to be looking at. The bill can support our common goals while ensuring that federal regulations, programs, and policies recognize the different needs in our states. 
    “It will take collaboration from my Senate colleagues, our stakeholders, and the Trump administration in order to complete the bill before the IIJA expires in September of 2026. We must be pragmatic, and work in a bipartisan way, as we have in the past, to develop a Senate bill that sets us up for a productive conversation on this reauthorization effort with our colleagues in the House.
    “I am grateful to Secretary Sean Duffy, who is here to share the Trump administration’s priorities for this legislation, and I look forward to learning more about those priorities. The Department of Transportation’s technical assistance and support will be critical parts of this process. 
    “This is an excellent opportunity ahead of us to make a pivotal impact in our surface transportation network. Each of us knows how important that network is and the role that it plays in keeping our country’s economy and people on the move. I am excited to get to work and continue the EPW Committee’s bipartisan tradition of developing this legislation.”

    MIL OSI USA News –

  • MIL-OSI United Nations: UN condemns killing of 1,000 people in Gaza since ceasefire collapse

    Source: United Nations 2

    He condemned the reported killing of more than a thousand people, including women and children, since the collapse of the ceasefire between Israel and Hamas on 18 March.

    In his daily press briefing, UN Spokesperson Stéphane Dujarric said that large-scale Israeli shelling and ground operations have resulted in widespread destruction and the displacement of more than 100,000 Palestinians from Rafah in the past two days alone, most of whom have been displaced multiple times.

    Deadly attack on medical personnel

    “The Secretary-General is shocked by the attack of the Israeli army on a medical and emergency convoy on 23 March resulting in the killing of 15 medical personnel and humanitarian workers in Gaza,” he said. 

    Mr. Dujarric stressed that all parties to the conflict must protect medical, humanitarian and emergency workers at all times, and respect and protect civilians, as required by international humanitarian law. He underscored the need to end the denial of life-saving assistance.

    Since October 2023, at least 408 aid workers have been killed in Gaza, including 280 UN humanitarian personnel.

    Resume the ceasefire

    Mr. Dujarric said the Secretary-General honours all humanitarian workers killed in this conflict and demands a full, thorough and independent investigation into these incidents.

    The UN chief reiterated his strong condemnation of the 7 October 2023 attacks on Israel by Hamas and other Palestinian armed groups, stressing that there was no justification for the terror attacks or the collective punishment of the Palestinian people.

    Mr. Guterres renewed his urgent call for the immediate resumption of the ceasefire, the immediate and unconditional release of all hostages, and unhindered humanitarian access throughout Gaza.

    UN rejects any attempt at demographic or territorial change

    Mr. Dujarric was asked about the plans Israel’s has announced to take control of more land in Gaza.

    “The Secretary-General also reminds that Security Council resolution 2735 (2024) rejects any attempt at demographic or territorial change in the Gaza Strip, including any actions that reduce the territory of Gaza,” he said.

    In this regard, the UN chief is increasingly concerned about inflammatory rhetoric which calls on the Israeli military to “capture extensive territory that will be added to the State of Israel’s security areas.”

    ‘Even ruins have become a target’

    Philippe Lazzarini, Commissioner-General of the Palestine refugee agency (UNRWA), reported on Wednesday that Israeli forces shelled one of its buildings in Jabalia in the northern Gaza Strip on Wednesday.

    He said in a social media post that the building was previously a health centre and had been badly damaged earlier in the war.  In Gaza, “even ruins have become a target,” he remarked.

    Initial reports indicate that the facility was sheltering more than 700 people when it was bombed, and that “among those killed are reportedly nine children, including a two-week-old baby,” Mr. Lazzarini said, noting that displaced families had stayed in the shelter after it was hit because “they have nowhere else to go.”

    Investigate all attacks

    Since the war began, more than 300 UN buildings have been destroyed or damaged, although the coordinates of these locations have been shared regularly with the parties to the conflict. He said more than 700 people had been killed while seeking UN protection.

    Mr. Lazzarini added that too many UNRWA premises have also reportedly been used for military and combat purposes by Palestinian armed groups, including Hamas, or by Israeli forces.

    “The total disregard of UN staff, premises or operations is a profound defiance of international law,” he said.

    “I call once again for independent investigations to find out the circumstances of each of these attacks and the serious violations. In Gaza, all lines have been crossed over and over again.”

    ‘Gaza is a death trap’

    Jonathan Whittall, acting director of the UN Office for the Coordination of Humanitarian Affairs (OCHA) in the Occupied Palestinian Territory, described the situation in the Gaza Strip on Wednesday as a “war without borders.”  

    He described what is happening there as “an endless loop of blood, pain, death,” saying “Gaza is a death trap.”

    Mr. Whittall was briefing reporters at UN Headquarters in New York via video link from Deir Al-Balah in central Gaza.

    The top official noted that he was not sure what he could say to describe the situation on the ground, but decided against mincing his words especially after having coordinated a mission on Sunday that uncovered the mass grave of a number of humanitarian workers who were killed in Rafah.

    The dead paramedics were “still wearing their uniforms, still wearing gloves” and killed while trying to save lives, he said. He added that their ambulances “were hit one by one” as they entered an area where Israeli forces were advancing.

    He noted that the grave where they were buried had an emergency light from  one of the ambulances. 

    Mr. Whittall said he began by highlighting this case as it was emblematic of the point we have reached in Gaza.

    “What is happening here defies decency, it defies humanity, it defies the law,” he said. “It really is a war without limits.”

    He said that forced displacement orders resumed after the collapse of the ceasefire, and 64 per cent of the Gaza Strip is now under active forced displacement orders or within the so-called “buffer zone.”

    One month since Israeli aid blockade began

    “Nowhere and no one is safe,” according to Mr. Whittall, who said his colleagues tell him they “just want to die with their families” and that their worst fear is to survive alone.

    “We cannot accept that Palestinian civilians are dehumanized to the point of being somehow unworthy of survival,” he said, noting that a month has passed since aid supplies were blocked from entering Gaza.

    Responding to reporters’ questions, he said there was nowhere else in the world, to his knowledge, where an entire population of 2.1 million people is under siege, denied all forms of humanitarian aid, and the commercial sector is destroyed, and then expected to survive entirely dependent on aid in a besieged and bombarded area.

    He added that the humanitarian crisis in Gaza was spiraling out of control, with all bakeries supported by the UN World Food Programme (WFP) closed, markets reduced to rubble, ambulance teams being killed, and people living on an aid system under attack.

    Mr. Whittall emphasized the lack of humanitarian solutions to the problems facing Gaza. He stated that the crisis requires political action that begins with accountability, stressing that aid cannot compensate for political failures.

    End the cruelty

    “I think it’s important for us to acknowledge that what is happening in Gaza is not going to stay in Gaza,” he warned. “We cannot let the rules-based order be replaced by one set of rules for some people, and another set of rules for others.”

    The UN official expressed hope that Member States would use their political and economic influence to enforce international law, that a ceasefire would be reached to stop the slaughter and free the hostages, that “Palestinians would be finally seen as human, and that this cruelty will end.” 

    MIL OSI United Nations News –

  • MIL-OSI Security: Bowie County man sentenced to 20 years in federal prison for fentanyl overdose death

    Source: Office of United States Attorneys

    TEXARKANA, Texas – A Hooks man who sold fake prescription pills containing fentanyl has been sentenced to 20 years in federal prison, announced Eastern District of Texas Acting U.S. Attorney Abe McGlothin, Jr.

    Henry Wayne Milligan, 28, pleaded guilty to possession with intent to distribute fentanyl resulting in death and was sentenced to 240 months in federal prison by U.S. District Judge Robert W. Schroeder, III, on April 2, 2025.

    “The Eastern District of Texas will continue to aggressively prosecute those who distribute deadly drugs such as fentanyl in our communities and seek enhanced sentences commensurate with the tragic consequences and immeasurable losses suffered by victims and their families,” said Acting U.S. Attorney Abe McGlothin, Jr.

    According to information presented in court, Milligan pleaded guilty to selling the victim what were purported to be prescription pills, after which the victim was found dead in his home of what an autopsy later determined to be a fentanyl overdose. The pills sold by Milligan were tested and confirmed to be laced with fentanyl, a synthetic opioid commonly used as an analgesic or anesthetic that is 100 times more potent than morphine and 50 times more potent than heroin. Following his arrest, Milligan provided a voluntary statement during which he confessed.

    “We sincerely appreciate the unwavering commitment of the U.S. Attorney’s Office in prosecuting this case,” said Texarkana, Texas Police Department’s Public Information Officer Shawn Vaughn. “Their dedication to seeking justice for the victim and holding those accountable who distribute deadly fentanyl is invaluable in our ongoing fight against this epidemic.  We also want to recognize Detective Daniel Linn for his outstanding work in leading this investigation. His relentless efforts and attention to detail were instrumental in identifying Milligan as the supplier of the fentanyl that tragically led to the victim’s death.  Additionally, we extend our gratitude to the Texas Department of Public Safety for their invaluable assistance in this case. Their collaboration and resources played a crucial role in bringing this investigation to a successful resolution.”

    The Drug Enforcement Administration (DEA) has issued a public safety alert warning Americans of the alarming increase in the lethality and availability of fake prescription pills containing fentanyl and methamphetamine.  The public safety alert coincides with the launch of DEA’s One Pill Can Kill public awareness campaign to educate the public of the dangers of counterfeit pills and urges all Americans to take only medications prescribed by a medical professional and dispensed by a licensed pharmacist.  The campaign aims to raise public awareness of a significant nationwide surge in fake pills that are mass-produced by criminal drug networks in labs, deceptively marketed as legitimate prescription pills, and are killing unsuspecting Americans at an unprecedented rate. For more information, please visit https://www.dea.gov/onepill.

    This case was investigated by the Texas Department of Public Safety – Criminal Investigations Division; and Texarkana Texas Police Department and prosecuted by Assistant U.S. Attorney Lucas Machicek.

    ###

    MIL Security OSI –

  • MIL-OSI Security: Department of Justice and United States Attorney for the Northern District of Iowa Honors Crime Victims and Survivors During 2025 National Crime Victims’ Rights Week.

    Source: Office of United States Attorneys

    Cedar Rapids, Iowa — The United States Attorney from the Northern District of Iowa will commemorate National Crime Victims’ Rights Week (NCVRW) from April 6 through 12, 2025.

    This year’s NCVRW theme—Connecting Healing—recognizes that shared humanity drives vital connections to services, rights, and healing. KINSHIP is where victim advocacy begins.

    This annual observance challenges us to build a world where every connection built through KINSHIP — between survivors, advocates, and communities — holds the potential to heal. It asks us to ensure that resources are available to all survivors and that we show up for one another with empathy and intention.

    NCVRW 2025 will be commemorated in Iowa with many events across the state, including the following:

    • Friday April 4 from 10:00 a.m. to 12:00 p.m.: The 2025 National Crime Victims’ Rights Week Commemoration, Polk County River Place, 2309 Euclid Ave., Des Moines, Iowa
      • Saturday April 5 at 9:00 a.m.: Go the Distance for Crime Victims 5K Run/Walk at Thomas Park in Marion, Iowa
      • Tuesday April 8 at 1:00 p.m and Thursday April 10 at 11:15 a.m.: From War to Wellness: A Journey of Resilience and Transformation on the Ankeny and Urban campuses of the Des Moines Area Community College.

    In the Northern District of Iowa, United States Attorney Timothy T. Duax announced winners for the following awards based on their service to victims in Iowa:

    • The Law Enforcement Victim Services Award is presented to Investigator Tracy Johnson from the Cedar Rapids Police Department. This award is presented to law enforcement officers in Iowa who go beyond the call of duty to help crime victims. It is the highest federal honor in Iowa for victim services by a law enforcement officer. Investigator Johnson is recognized for her excellent work investigating human trafficking and her work with a minor victim of trafficking.
    • The Law Enforcement Victim Services Award is also presented to Detective Chris Thomas of the Sioux City Police Department.  Detective Thomas was nominated for his outstanding investigative and advocacy work that led to the successful prosecution of Bobby Ray Rhoden.

    Investigator Johnson was the lead investigator in a human trafficking case involving a minor victim, two individuals who were eventually charged and convicted, and numerous other men who paid to participate in abusing the victim.  Investigator Johnson took a victim-centered approach to the investigation, developing a rapport with the minor victim and utilizing a trauma-informed interview style that gave the minor victim confidence that she was safe with Investigator Johnson.  Investigator Johnson’s outstanding and compassionate work with the victim was crucial to the case.  One of the charged defendants, Jarod Anderson, went to trial.  The victim testified during the trial and was able to tell the jury what had been done to her.  Investigator Johnson’s hard work during the investigation and prior to trial helped prepare the victim to face the difficult task of testifying in open court.  As a result of the victim’s brave testimony and Investigator Johnson’s outstanding work, Anderson was found guilty and is awaiting sentencing.  The second charged defendant, Tana Torres, pled guilty and was sentenced to up to eight years in prison.

    Rhoden victimized multiple individuals, including a former girlfriend.  Roden initially manipulated his victim into believing that she was responsible for the abuse he inflicted upon her, including torturing her, threatening her with a gun, and recording his abuse.  The victim eventually broke free, but Rhoden kidnapped her.  He used threats to get his victim into his car to help him recover a phone she had taken. Over the next 36 hours, he brutalized her and drove her to at least two locations in an effort to find his phone. The victim escaped Rhoden by running away from him to a neighbor’s house. As she ran, Rhoden fired his gun at or near her. A subsequent investigation of the kidnapping revealed live ammunition and a spent casing in the garage where Rhoden lived, and one of the locations where he held his victim.

    Detective Thomas demonstrated outstanding investigatory skills and compassion for the victim while he was investigating the kidnapping.  The victim was initially reluctant to trust or cooperate with law enforcement.  But Detective Thomas persisted in working with the victim until the victim came to trust him and the criminal justice system.  Thanks to Detective Thomas’s patience, the victim agreed to and was able to testify in very difficult circumstances during Rhoden’s trial.  Without her strength in doing so, Rhoden may have remained free to victimize others.  Detective Thomas’s compassion and care for the victim led directly to the victim having the strength to free herself from Rhoden’s hold and protect others from him by testifying.  As a result, Rhoden was found guilty and is scheduled to be sentenced on May 2, 2025.

    “These awards recognize the exceptional efforts of two law enforcement officers to provide assistance to federal and state victims in the Northern District of Iowa,” said United States Attorney Duax. “Ensuring victims feel safe while going through the difficult process of an investigation and trial is crucial to securing justice for the victims. The service of these officers, and other state and federal law enforcement officers and victim advocates, is a vital component of our criminal justice system.”

    NCVRW began in 1981 to honor victims and survivors of crime, raise awareness of victims’ rights and services and recognize the dedication of those who work with crime victims.

    For additional information about this year’s NCVRW activities and more ideas on supporting crime victims, visit OVC’s website at www.ovc.gov. 

    MIL Security OSI –

  • MIL-OSI Security: Major Case Fugitive Wanted for Kentucky Murder Captured by U.S. Marshals in South Carolina

    Source: US Marshals Service

    Washington, DC – The U.S. Marshals Service (USMS) Carolinas Regional Fugitive Task Force (CRFTF), in coordination with the Southern District of West Virginia, the Eastern District of Kentucky, the District of South Carolina, and the USMS Special Operations Group, arrested a West Virginia man in South Carolina on March 31. He was wanted for a 2019 murder in Kentucky.

    Charles Ray Blevins, 38, of Williamson, West Virginia, was a USMS major case fugitive and was being considered for elevation to the agency’s 15 Most Wanted fugitives list. He was wanted by the Kentucky State Police for first-degree murder and for being a felon in possession of a firearm, as well as by the West Virginia Department of Corrections for a parole violation.

    Blevins was convicted of second-degree murder in Cabell County, West Virginia, in 2009 and was released on parole in 2019. On July 6, 2019, he was accused of shooting and killing a man in South Williamson, Kentucky. Warrants for his arrest were issued on July 11, 2019.

    U.S. Marshals investigators with the Eastern District of Kentucky’s Central Kentucky Fugitive Task Force and Southern District of West Virginia CUFFED Task Force requested that Blevins be elevated to major case status due to the potential danger he posed. Blevins was known to carry firearms, had access to body armor, and had stated that he would not return to prison but would instead engage in violence with any law enforcement officers who attempted to arrest him.  

    Investigators in West Virginia and Kentucky recently learned that Blevins had traveled to South Carolina and sent a collateral lead to the USMS Carolinas Regional Fugitive Task Force.

    Information was developed that Blevins was frequenting a house in the 300 block of Coach Hill Drive in Gaffney.  Investigators began surveilling the residence.  Because of the threat Blevins presented based on his previous actions and statements, USMS Special Operations Group deputies were requested to assist with the apprehension.

    As SOG members approached the house, Blevins attempted to flee through the back of the house but fell, breaking his leg. He was taken into custody without further incident.   

    Blevins was transported to a local hospital for treatment and will remain in USMS custody pending his extradition back to Kentucky to answer for his crimes. 

    “Given the seriousness of Mr. Blevins’ alleged crimes, the threat he posed to the public,  and his ability to avoid capture, it was critical that we bring him into custody swiftly and safely,” said Acting U.S. Marshals Service Director Mark Pittella. “This arrest, just before he was set to be named one of our 15 Most Wanted fugitives, speaks to the dedication and coordination of our Marshals Service personnel and the many law enforcement professionals who worked together to ensure he is held accountable and brought to justice. This is what protecting our communities looks like.”

    “Mr. Blevins learned what fugitives have been learning since 1789,” said U.S. Marshal for the Southern District of West Virginia Michael Baylous. “The United States Marshals Service never grows weary in its pursuit of justice.” 

    “The United States Marshals Service has proven, yet again, why we are the leaders in fugitive apprehension,” said U.S. Marshal for the District of South Carolina Chrissie C. Latimore. “The coordinated efforts with our state and local partners led to the arrest of a major fugitive. The District of South Carolina remains steadfast in our unwavering commitment to the pursuit of justice, fortified by strategic partnerships and collaborative efforts. It is both a privilege and a solemn responsibility to seek justice for the victims of the senseless and tragic act of violence committed by Blevins.” 

    “This investigation is a testament to the commitment the U.S. Marshals in the Eastern District of Kentucky and Southern District of West Virginia have for finding, apprehending and bringing to justice violent fugitives,” said acting U.S. Marshal for the Eastern District of Kentucky Jeremy Honaker. “Our Deputies and support staff have tirelessly collaborated to locate and apprehend Blevins. Yesterday’s arrest was a strong symbolic gesture of this commitment.”   

    The USMS is grateful for the assistance and support of the Gaffney Police Department, the Rock Hill Police Department, Cherokee County Sheriff’s Office, York County Sheriff’s Office, and especially the South Carolina State Law Enforcement Division.

    The USMS established its major case fugitive program in 1985 to supplement the agency’s 15 Most Wanted fugitive program to draw attention to some of the country’s most dangerous and high-profile fugitives. These fugitives tend to be career criminals with histories of violence who pose a significant threat to public safety.  Major case fugitives are considered among the “worst of the worst” and can include murderers, sex offenders, major drug kingpins, organized crime figures and individuals wanted for high-profile financial crimes. 

    The USMS has a long history of providing expertise to other federal, state, and local law enforcement agencies in support of their fugitive investigations. Working with authorities at the federal, state, tribal, and local levels, USMS-led fugitive task forces arrested more than 74,000 fugitives and cleared nearly 89,000 warrants in FY 2024.

    The USMS CRFTF began operations in January 2018. The CRFTF has partnership agreements with four federal and 68 state and local agencies; and operates in South Carolina and North Carolina. The CRFTF has apprehended more than 8,900 fugitives since its inception and is always striving to make communities safer.

    Established in 1971 as one of the first federal tactical units, the USMS Special Operations Group is a specially trained, rapidly deployable tactical unit composed of deputy U.S. marshals capable of responding to high-risk and sensitive law enforcement situations, national emergencies, and civil disorders.

    USMS SOG prepares to enter the residence in Gaffney to arrest Blevins.

    MIL Security OSI –

  • MIL-OSI Security: Multiple Fugitives Arrested Which Leads to Drug Seizure in Maine

    Source: US Marshals Service

    Portland, ME – The U.S. Marshals Service in Maine announces multiple arrests while in search for a Massachusetts fugitive. Jason Whitney, 47, was arrested at his residence in Waldoboro, Maine Wednesday night, April 1st. Whitney was wanted for a weapon offense charge out of Massachusetts. While in search of Whitney at the residence, U.S. Marshals Task Force members discovered several other occupants living at the residence that had multiple warrants for arrest.

    After receiving investigative leads from the United States Marshals Service (USMS) District of Massachusetts New England HIDTA Fugitive Task Force, the USMS Maine Violent Offender Task Force (MVOTF) was able to determine Whitney was living at a residence in Waldoboro, Maine. In coordination with the Waldoboro, Maine Police Department, Whitney was apprehended. Also discovered and arrested at the residence were Hannah Stone, 25, of Waldoboro, Maine, and Daason Carter-Hawkins 24, of Dorchester, Massachusetts. Stone and Carter-Hawkins had multiple warrants for failure to appear on previous drug related offenses here in Maine.

    Concurrent to the arrests, multiple quantities of drugs and paraphernalia where also discovered and seized by authorities, which included 184 grams of “crack” cocaine. Drug related investigations are on-going by state and local authorities.

    Significant assistance was provided by the Massachusetts USMS New England HIDTA Fugitive Task Force, Massachusetts State Police Violent Fugitive Apprehension Section (VFAS), Waldoboro, Maine Police Department, and the Maine Drug Enforcement Agency (MDEA). All three subjects were arrested without incident.

    The USMS, Maine Violent Offender Task Force is comprised of members of the U.S. Marshals Service, Maine Department of Corrections, Biddeford Police Department, U.S. Border Patrol, U.S. Immigration and Customs Enforcement, Maine National Guard Counterdrug Task Force and the Coast Guard Investigative Service.

    If you have any information regarding the whereabouts of any state or federal fugitive please contact the United States Marshals Service, MED.TIPLINE@usdoj.gov.

    MIL Security OSI –

  • MIL-OSI: Quorum Announces Q4 and Fiscal Year 2024 Results Release Date, Conference Call and Webcast Details

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 02, 2025 (GLOBE NEWSWIRE) — Quorum Information Technologies Inc. (TSX-V: QIS) (“Quorum”), a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers (“OEMs”) rely on for their operations, intends to release its Q4 and fiscal year 2024 Results after markets close on Wednesday, April 16, 2025.

    Maury Marks, President and Chief Executive Officer and Marilyn Bown, Chief Financial Officer will present the Q4 and fiscal year 2024 Results at a conference call with concurrent audio webcast, scheduled for:

    An updated Investor Presentation, replay of the results conference call, and transcripts of the conference call, will also be available at www.QuorumInformationSystems.com.    

    About Quorum Information Technologies Inc.

    Quorum is a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers (“OEMs”) rely on for their operations, including:

    • Quorum’s Dealership Management System (DMS), which automates, integrates, and streamlines key processes across departments in a dealership, and emphasizes revenue generation and customer satisfaction.
    • DealerMine CRM, a sales and service Customer Relationship Management (“CRM”) system and set of Business Development Centre services that drives revenue into the critical sales and service departments in a dealership.
    • Autovance, a modern retailing platform that helps dealerships attract more business through Digital Retailing, improve in-store profits and closing rates through its desking tool and maximize their efficiency and CSI through Autovance’s F&I menu solution.
    • Accessible Accessories, a digital retailing platform that allows franchised dealerships to efficiently increase their vehicle accessories revenue. 
    • VINN Automotive, a premier automotive marketplace that streamlines the vehicle research and purchase process for vehicle shoppers while helping retailers sell more efficiently.

    Contacts:

    Maury Marks
    President and Chief Executive Officer
    403-777-0036
    Maury.Marks@QuorumInfoTech.com

    Marilyn Bown
    Chief Financial Officer
    403-777-0036
    Marilyn.Bown@QuorumInfoTech.com

    Forward-Looking Information

    This press release may contain certain forward-looking statements and forward-looking information (“forward-looking information”) within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “expect”, “may”, “will”, “project”, “should” or similar words suggesting future outcomes. Quorum believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon.

    Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause Quorum’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking information.

    Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed this release and neither accepts responsibility for the adequacy or accuracy of this release.

    PDF available: http://ml.globenewswire.com/Resource/Download/70cebaab-bf32-43c9-b2a6-950d94e7d415

    The MIL Network –

  • MIL-OSI: Brown & Brown, Inc. announces 2025 first-quarter earnings release and conference call dates

    Source: GlobeNewswire (MIL-OSI)

    DAYTONA BEACH, Fla., April 02, 2025 (GLOBE NEWSWIRE) — Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2025 first-quarter earnings on Monday, April 28, 2025, after the close of the market. On Tuesday, April 29, 2025, J. Powell Brown, Brown & Brown’s president and chief executive officer, and R. Andrew Watts, Brown & Brown’s executive vice president and chief financial officer, will host an investor update conference call concerning Brown & Brown’s first-quarter 2025 financial results. You are invited to listen to the call, which will be broadcast live on Brown & Brown’s website at 8:00 a.m. EDT. Simply log on to www.bbrown.com and click on “Investor Relations” and then “Calendar of Events.”

    If you are unable to listen during the live webcast, audio from the conference call will be archived on Brown & Brown’s website, www.bbrown.com, for 14 days after the live broadcast. To access the website replay, go to “Investor Relations” and click on “Calendar of Events.”

    About Brown & Brown, Inc.

    Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm providing enhanced customer-centric risk management solutions since 1939. With a global presence spanning 500+ locations and a team of more than 17,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at BBrown.com.

    This press release may contain certain statements relating to future results, which are forward-looking statements, including those associated with the timing of the release of our first-quarter results. These statements are not historical facts but instead represent only the current belief of Brown & Brown, Inc. and its subsidiaries (collectively the “Company”) regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control. It is possible that actual events may differ from anticipated events contemplated by these forward-looking statements and that we may release our first-quarter results at a later date as a result. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s release of its financial results, is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements made herein are made only as of the date of this release, and the Company does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which the Company hereafter becomes aware.

    For more information:

    R. Andrew Watts
    Chief Financial Officer
    (386) 239-5770

    The MIL Network –

  • MIL-OSI: reAlpha Tech Corp. Announces Financial Results for the Year Ended December 31, 2024

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ohio, April 02, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (Nasdaq: AIRE) (the “Company” or “reAlpha”), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today provides a business update and reports financial results for the fiscal year ended December 31, 2024.

    “We have made great strides in 2024 in advancing reAlpha’s goal to become a leader in the real estate technology industry through strategic innovation and impactful acquisitions,” commented Piyush Phadke, Chief Financial Officer of reAlpha. “Our continued investment in AI-driven technologies and strategic acquisitions has translated into meaningful revenue growth, and we believe we are well-positioned to drive further expansion of our business and deliver value to our stockholders.”

    Business Highlights

    Strategic and operational highlights during the period ended December 31, 2024, include:

    • Launched the reAlpha platform, an end-to-end, commission-free homebuying platform, in April 2024, which was designed to reshape the homebuying experience by eliminating traditional commission fees. The reAlpha platform is powered by Claire, reAlpha’s AI-real estate agent, which is available 24/7.
    • Acquired a controlling interest in Hyperfast Title, LLC, in July 2024, which enabled us to offer title services in 3 U.S. states.
    • Acquired an 85% stake in AiChat Pte. Ltd. (“AiChat”) in July 2024, which enhanced reAlpha’s AI capabilities in conversational customer engagement and expanded its presence in the Asia-Pacific region.
    • Introduced the reAlpha Super App in August 2024, which provided homebuyers with the ability to use the reAlpha platform and its AI-driven homebuying services directly in their mobile devices.
    • Completed the acquisition of Debt Does Deals, LLC (“Be My Neighbor”), which allowed us to offer mortgage brokerage services in 27 U.S. states. Later in the year, Be My Neighbor became licensed in an additional state, for a total of 28 U.S. states.

    Financial Results and Operational Update

    In the beginning of 2024, reAlpha halted its short-term rental operations under its rental business segment due to macroeconomic conditions, such as high interest rates and inflationary pressures. As a result, in the twelve months ended December 31, 2024, reAlpha recognized a goodwill impairment of Roost Enterprises, Inc. (“Rhove”) of $17,337,739, which reAlpha acquired to operate under its rental business segment. As such, reAlpha’s financial statements and related financial notes thereto for the twelve months ended December 31, 2024, reflect the Rhove goodwill impairment as discontinued operations. Because macroeconomic conditions persisted during 2024, and in connection with Rhove’s goodwill impairment, the board of directors of reAlpha approved to discontinue its short-term rental business operations entirely in the first quarter of 2025.

    Revenue for the twelve months ended December 31, 2024 was $948,420, an increase of 270%, compared to $256,436 for the twelve months ended December 31, 2023. reAlpha’s revenues consist of technology services income that it receives from its technologies and services provided by its subsidiaries. This increase in revenues is mainly attributed to the revenue derived from strategic acquisitions that reAlpha completed during 2024, such as AiChat and Be My Neighbor.

    Cash and cash equivalents were $3,123,530 as of December 31, 2024 and $ 6,456,370 as of December 31, 2023.

    Net loss was approximately $26.02 million for the twelve months ended December 31, 2024, compared to a net loss of approximately $2.46 million for the twelve months ended December 31, 2023. This increase in net loss is predominantly due to the goodwill impairment of Rhove during the twelve months ended December 31, 2024, and the one-time gain of $5,502,774 from the sale of myAlphie, a technology platform reAlpha previously developed and sold, that was recognized in the comparable 2023 period, which was not present in 2024. Loss from discontinued operations was approximately $18.3 million for the twelve months ended December 31, 2024, compared to $0.31 million for the comparable 2023 period, which is mainly due to Rhove’s goodwill impairment and intangibles being presented as discontinued operations. Net loss from continuing operations was $7.68 million for the twelve months ended December 31, 2024, compared to $2.14 million for the comparable 2023 period. The increase in net loss from continuing operations was primarily due to the one-time gain from the sale of myAlphie that was not present in 2024.

    Adjusted EBITDA was $(5,572,214) for the twelve months ended December 31, 2024, compared to $(7,387,223) for the twelve months ended December 31, 2023.

    About reAlpha Tech Corp.

    reAlpha Tech Corp. (Nasdaq: AIRE) is a real estate technology company developing an end-to-end commission-free homebuying platform. Utilizing the power of AI and an acquisition-led growth strategy, reAlpha’s goal is to offer a more affordable, streamlined experience for those on the journey to homeownership. For more information, visit www.realpha.com.

    Investor Relations Contact:

    Adele Carey, VP of Investor Relations
    investorrelations@realpha.com

    Media Contact:

    Fatema Bhabrawala, Director of Public Relations
    fbhabrawala@allianceadvisors.com

    Forward-Looking Statements

    The information in this press release includes “forward-looking statements.” Any statements other than statements of historical fact contained herein, including statements as to planned acquisitions, business strategy and plans, objectives of management for future operations of reAlpha, market size and growth opportunities, competitive position and technological and market trends, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s ability to pay contractual obligations; reAlpha’s liquidity, operating performance, cash flow and ability to secure adequate financing; reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to commercialize its developing AI-based technologies; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to integrate the business of its acquired companies into its existing business and the anticipated demand for such acquired companies’ services; reAlpha’s ability to scale its operational capabilities to expand into additional geographic markets and nationally; the potential loss of key employees of reAlpha and of its subsidiaries; the outcome of certain outstanding legal proceedings against reAlpha; reAlpha’s ability to obtain, and maintain, the required licenses to operate in the U.S. states in which it, or its subsidiaries, operate in, or intend to operate in; reAlpha’s ability to successfully identify and acquire companies that are complementary to its business model; reAlpha’s ability to commercialize its developing AI-based technologies; the inability to maintain and strengthen reAlpha’s brand and reputation; any accidents or incidents involving cybersecurity breaches and incidents; the inability to accurately forecast demand for short-term rentals and AI-based real estate-focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; the inability of reAlpha to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against reAlpha; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s U.S. Securities and Exchange Commission (“SEC”) filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

       
    reAlpha Tech Corp. and Subsidiaries  
    Consolidated Balance Sheet  
    December 31, 2024 and December 31, 2023  
       
        December 31,
    2024    		     December 31,
    2023    		  
    ASSETS            
                   
    Current Assets            
    Cash   $ 3,123,530     $ 6,456,370  
    Accounts receivable     182,425       30,630  
    Receivable from related parties     12,873       –  
    Prepaid expenses     180,158       242,795  
    Current assets of Discontinued operations     56,931       88,036  
    Other current assets     487,181       582,463  
    Total current assets   $ 4,043,098     $ 7,400,294  
                     
    Property and Equipment, at cost                
    Property and equipment, net   $ 102,638     $ 328,539  
                     
    Other Assets                
    Investments     215,000       115,000  
    Other long term assets     31,250       406,250  
    Intangible assets, net     3,285,406       –  
    Long term assets of discontinued operations     –       18,335,701  
    Goodwill     4,211,166       –  
    Capitalized software development – work in progress     105,900       839,085  
                     
    TOTAL ASSETS   $ 11,994,458     $ 27,424,869  
                     
    LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)                
    Current Liabilities                
    Accounts payable   $ 655,765     $ 431,700  
    Related party payables     9,287       –  
    Short term loans – related parties – current portion     115,086       –  
    Short term loans – unrelated parties – current portion     666,053       190,095  
    Accrued expenses     1,164,813       799,624  
    Current liabilities of Discontinued operations     –       47,665  
    Deferred liabilities, current portion     1,534,433       593,750  
    Total current liabilities   $ 4,145,437     $ 2,062,834  
                     
    Long-Term Liabilities                
    Deferred liabilities, net of current portion     –       406,250  
    Mortgage and other long term loans – related parties – net of current portion     45,052       –  
    Mortgage and other long term loans – unrelated parties – net of current portion     241,121       247,000  
    Note payable, net of discount     4,909,376       –  
    Other long term liabilities     1,086,000       –  
    Total liabilities   $ 10,426,986     $ 2,716,084  
                     
    Stockholders’ Equity (Deficit)                
    Preferred stock, $0.001 par value; 5,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023     –       –  
    Common stock ($0.001 par value; 200,000,000 shares authorized, 45,864,503 shares outstanding as of December 31, 2024; 200,000,000 shares authorized, 44,122,091 shares outstanding as of December 31, 2023)     45,865       44,123  
    Additional paid-in capital     39,770,060       36,899,497  
    Accumulated deficit     (38,260,913 )     (12,237,885 )
    Accumulated other comprehensive income     5,011       –  
    Total stockholders’ equity (deficit) of reAlpha Tech Corp.     1,560,023       24,705,735  
                     
    Non-controlling interests in consolidated entities     7,449       3,050  
    Total stockholders’ equity (deficit)     1,567,472       24,708,785  
                     
    TOTAL LIABILITIES AND STOCKOLDERS’ EQUITY   $ 11,994,458     $ 27,424,869  
    reAlpha Tech Corp. and Subsidiaries  
    Consolidated Statements of Operations and Comprehensive Loss  
    For the Year Ended December 31, 2024 and Eight Months Ended December 31, 2023 and Year Ended April 30, 2023  
       
        For the
    Year Ended    		     For the
    Eight
    Months
    Ended    		     For the
    Year Ended    		  
        December 31,
    2024    		     December 31,
    2023    		     April 30,
    2023    		  
                       
    Revenues   $ 948,420     $ 121,690     $ 419,412  
    Cost of revenues     302,084       94,665       293,204  
    Gross Profit     646,336       27,025       126,208  
                             
    Operating Expenses                        
    Wages, benefits and payroll taxes     2,841,591       710,737       1,114,403  
    Repairs & maintenance     3,216       51,436       24,794  
    Utilities     11,545       12,321       32,456  
    Travel     259,661       46,476       –  
    Dues & subscriptions     118,656       24,426       98,000  
    Marketing & advertising     793,004       193,612       2,002,884  
    Professional & legal fees     2,124,946       4,572,026       1,470,306  
    Depreciation & amortization     282,095       30,029       157,802  
    Impairment of intangible assets     202,968       –       –  
    Other operating expenses     911,268       418,697       159,166  
    Total operating expenses     7,548,950       6,059,760       5,059,811  
                             
    Operating Loss     (6,902,614 )     (6,032,735 )     (4,933,603 )
                             
    Other Income (Expense)                        
    Gain on sale of myAlphie     –       5,502,774       –  
    Interest expense, net     (333,759 )     (70,119 )     (169,776 )
    Other expense, net     (500,601 )     (144,764 )     (334,228 )
    Total other (expense) income     (834,360 )     5,287,891       (504,004 )
                             
    Net Loss from continuing operations before income taxes     (7,736,974 )     (744,844 )     (5,437,607 )
    Income tax (expense) benefit     54,260       (204,286 )     –  
                             
    Net Loss from continuing operations     (7,682,714 )     (949,130 )     (5,437,607 )
                             
    Discontinued operations (Roost and Rhove)                        
    Loss from operations of discontinued Operations     (261,242 )     (302,129 )     (14,776 )
    Loss on abandonment of discontinued Operations     (18,078,393 )     –       –  
    Income tax benefit     –                  
    Loss on discontinued operations   $ (18,339,635 )   $ (302,129 )   $ (14,776 )
                             
    Net Loss after income taxes   $ (26,022,349 )   $ (1,251,259 )   $ (5,452,383 )
                             
    Less: Net (Loss) Income Attributable to Non-Controlling Interests     679       464       726  
                             
    Net Loss Income Attributable to Controlling Interests   $ (26,023,028 )   $ (1,251,723 )   $ (5,453,109 )
                             
    Other comprehensive income                        
    Foreign currency translation adjustments     5,011       –       –  
    Total other comprehensive gain     5,011       –       –  
                             
    Comprehensive Loss Attributable to Controlling Interests   $ (26,018,017 )   $ (1,251,723 )   $ (5,453,109 )
                             
    Basic and diluted loss per share                        
    Continuing operations   $ (0.17 )   $ (0.02 )   $ (0.13 )
    Discontinued operations   $ (0.41 )   $ (0.01 )   $ (0.00 )
    Net Loss per share – basic and diluted   $ (0.58 )   $ (0.03 )   $ (0.13 )
                             
    Weighted-average outstanding shares – basic     44,631,577       42,688,666       40,439,190  
                             
    Weighted-average outstanding shares – diluted     44,631,577       42,688,666       40,439,190  
    Consolidated Statements of Cash Flows  
    For the Year Ended December 31, 2024 and Eight Months Ended December 31, 2023 and Year Ended April 30, 2023  
       
        For the
    Year Ended    		     For the
    Eight
    Months
    Ended    		     For the
    Year Ended    		  
        December 31,
    2024    		     December 31,
    2023    		     April 30,
    2023    		  
                       
    Cash Flows from Operating Activities:                  
    Net (Loss) income   $ (26,022,349 )   $ (1,251,259 )   $ (5,452,383 )
    Adjustments to reconcile net (loss) income to net cash used in operating activities:                        
    Depreciation and amortization     466,691       289,067       157,802  
    Stock based compensation – employees     207,453       –       –  
    Stock based compensation – services     108,730       –       –  
    Legal & professional expenses     –       3,045,290          
    Amortization of loan discounts and origination fees     181,875                  
    Write-off of capitalized software costs     145,746       –       –  
    Impairment of goodwill and Intangible assets     18,280,947       –       –  
    Commitment fee expenses     500,000       –       –  
    Loss on sale of properties     301       (85,077 )     (22,817 )
    Gain on previously held equity     (20,663 )     –       –  
    Gain on sale of myAlphie     –       (5,502,774 )     –  
    Changes in operating assets and liabilities:                        
    Accounts receivable     (16,437 )     37,490       65,696  
    Receivable from related parties     (12,873 )     20,874       (20,874 )
    Payable to related parties     (56,241 )     –       –  
    Prepaid expenses     62,637       (226,889 )     96,038  
    Other current assets     (19,773 )     (419,849 )     (81,689 )
    Accounts payable     58,756       48,928       235,433  
    Accrued expenses     (185,118 )     621,815       60,741  
    Deferred liabilities     278,080       593,750       –  
    Total adjustments     19,980,111       (1,577,375 )     490,330  
    Net cash used in operating activities     (6,042,238 )     (2,828,634 )     (4,962,053 )
                             
    Cash Flows from Investing Activities:                        
    Proceeds from sale of properties     293,307       731,343       1,539,997  
    Additions to property, plant & equipment     (12,533 )     (40,840 )     19,721  
    Cash paid to acquire business     (1,268,630 )     (50,000 )     (25,000 )
    Cash paid for equity method investment     (50,000 )     –       –  
    Cash used for additions to capitalized software development and intangibles     (516,544 )     (134,400 )     (452,451 )
    Net cash (used in) provided by investing activities     (1,554,400 )     506,103       1,082,267  
                             
    Cash Flows from Financing Activities:                        
    Proceeds from issuance of debt     6,155,539       190,095       247,000  
    Payments of debt     (1,164,241 )     –       (1,071,709 )
    Deferred financing costs     (727,500 )                
    Proceeds from issuance of common stock             7,331,938       4,282,274  
    Settling subscription issuance of common stock contributions     –       –       –  
    Offering costs paid on issuance of common stock     –       –       (416,312 )
    Net cash provided by financing activities     4,263,798       7,522,033       3,041,253  
                             
          Net Increase (decrease) in cash     (3,332,840 )     5,199,502       (838,533 )
                             
    Cash – Beginning of Period     6,456,370       1,256,868       2,095,401  
                             
    Cash – End of Period   $ 3,123,530     $ 6,456,370     $ 1,256,868  
                             
    Cash   $ 3,123,530     $ 6,456,370     $ 1,256,868  
    Restricted cash     –       –       –  
    Total cash   $ 3,123,530     $ 6,456,370     $ 1,256,868  
                             
    Supplemental disclosure of cash flow information                        
    Interest expense   $ (58,897 )   $ (70,119 )   $ (169,776 )


    Explanatory Notes on Use of Non-GAAP Financial Measures

    To supplement reAlpha’s financial information presented in accordance with U.S. GAAP (“GAAP”), reAlpha believes “Adjusted EBITDA,” a “non-GAAP financial measure”, as such term is defined under the rules of the SEC, is useful in evaluating reAlpha’s operating performance. reAlpha uses Adjusted EBITDA to evaluate reAlpha’s ongoing operations and for internal planning and forecasting purposes. reAlpha believes that Adjusted EBITDA may be helpful to investors because it provides consistency and comparability with past financial performance. However, Adjusted EBITDA is presented for supplemental informational purposes only, has limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. In addition, other companies, including companies in reAlpha’s industry, may calculate similarly titled non-GAAP measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of reAlpha’s non-GAAP financial measures as tools for comparison. A reconciliation is provided below for each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, and not to rely on any single financial measure to evaluate reAlpha’s business.

    We use Adjusted EBITDA, a non-GAAP financial measure, to evaluate our operating performance and facilitate comparisons across periods and with peer companies. We reconcile our Adjusted EBITDA to our net income (loss) adjusted to exclude interest expense, depreciation and amortization, share-based compensation, and other non-cash, non-operating, or non-recurring items that we believe are not indicative of our core business operations. We believe this measure provides useful insight into our ongoing performance; however, it should not be considered a substitute for, or superior to, net income or other financial information prepared in accordance with U.S. GAAP.

    The following table provides a reconciliation of net income to Adjusted EBITDA for the periods presented below:

        2024     2023  
    Net (Loss) Income   $ (26,022,349 )   $ (2,462,407 )
    Adjusted to exclude the following                
    Depreciation & amortization     282,095       346,171  
    Gain on sale of myAlphie     –       (5,502,774 )
    Interest Expense     333,759       128,268  
    Share-based Compensation (1)     316,183       –  
    GEM commitment fee (2)     500,000       –  
    Acquisition related expense (3)     517,251       103,519  
    Gain on previously held equity (4)     (20,663 )     –  
    Amortization of loan discounts and origination fees (5)     181,875       –  
    Loss from discontinued operations before tax (6)     18,339,635       –  
    Adjusted EBITDA   $ (5,572,214 )   $ (7,387,223 )
     
    (1) Reflects share-based compensation provided to non-executive officer employees and certain members of our board of directors for services rendered to us, which is recognized as a non-cash expense.
    (2) Reflects the commitment fee incurred in connection with the equity facility we have in place with GEM Global Yield LLC SCS and GEM Yield Bahamas Limited (collectively, “GEM”) pursuant to that certain Share Purchase Agreement, among reAlpha and GEM, dated December 1, 2022.
    (3) Reflects expenses related to acquisitions, including professional and legal fees, which are excluded to provide a clearer view of ongoing operational performance.
    (4) Reflects the gain from the fair value measurement of previously held equity interests, which is recognized as a non-operational item and treated as a non-GAAP measure.
    (5) Reflects the amortized original issue discount related to that certain secured promissory note, dated as of August 14, 2024.
    (6) Reflects the loss from the discontinuation of our rental business segment operations, which consists mainly of the goodwill impairment of Rhove operations.

    The MIL Network –

  • MIL-OSI: Silynxcom Ltd. Announces Closing of Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Netanya, Israel, April 02, 2025 (GLOBE NEWSWIRE) — Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the “Company”), a manufacturer and developer of ruggedized tactical communication headset devices as well as other communication accessories, today announced the closing of its previously announced underwritten public offering of 1,290,000 ordinary shares at a public offering price of $2.25 per share, for gross proceeds of approximately $2.9 million, before deducting underwriting discounts and offering expenses. All of the ordinary shares were offered by the Company. In addition, Silynxcom has granted the underwriters a 45-day option to purchase up to an additional 193,500 ordinary shares to cover over-allotments, if any, at the public offering price, less underwriting discounts and commissions.

    The Company intends to use the net proceeds from the offering primarily for working capital and general corporate purposes.

    ThinkEquity acted as sole book-running manager for the offering.

    The offering is being made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-285443), including a base prospectus, that has been filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 28, 2025, and declared effective on March 7, 2025. The final prospectus supplement relating to the offering was filed with the SEC on April 2, 2025, and is available on the SEC’s website at http://www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004.

    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 registration or qualification under the securities laws of any such state or other jurisdiction.

    About Silynxcom Ltd.

    Silynxcom Ltd. develops, manufactures, markets, and sells ruggedized tactical communication headset devices as well as other communication accessories, all of which have been field-tested and combat-proven. The Company’s in-ear headset devices, or In-Ear Headsets, are used in combat, the battlefield, riot control, demonstrations, weapons training courses, and on the factory floor. The In-Ear Headsets seamlessly integrate with third party manufacturers of professional-grade ruggedized radios that are used by soldiers in combat or by police officers in leading military and law enforcements units. The Company’s In-Ear Headsets also fit tightly into the protective gear to enable users to speak and hear clearly and precisely while they are protected from the hazardous sounds of combat, riots or dangerous situations. The sleek, lightweight, In-Ear Headsets include active sound protection to eliminate unsafe sounds, while maintaining ambient environmental awareness, giving their customers 360° situational awareness. The Company works closely with its customers and seek to improve the functionality and quality of the Company’s products based on actual feedback from soldiers and police officers “in the field.” The Company sells its In-Ear Headsets and communication accessories directly to military forces, police and other law enforcement units. The Company also deals with specialized networks of local distributors in each locale in which it operates and has developed key strategic partnerships with radio equipment manufacturers.

    For additional information about the company please visit: https://silynxcom.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws and are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. For example, the Company uses forward-looking statements when it discusses: the intended use of proceeds from the offering. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended December 31, 2023 filed with the SEC on April 30, 2024, and other documents filed with or furnished to the SEC which are available on the SEC’s website, www.sec.gov. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    For Investor Relations Inquiries

    ARX | Capital Market Advisors
    North American Equities Desk
    ir@silynxcom.com  

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