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Category: Finance

  • MIL-OSI: ARB IOT Group Limited Unveils Cutting-Edge Smart AI Robot to Revolutionize Fertilization in Agriculture

    Source: GlobeNewswire (MIL-OSI)

    Kuala Lumpur, Malaysia, March 27, 2025 (GLOBE NEWSWIRE) — ARB IOT Group Limited (“ARB IOT” or the “Company”) (NASDAQ: ARBB) has unveiled its AI-powered fertilizer system that seamlessly integrates the intelligent multi-functional agricultural robot (“Smart AI Robot”). This innovation is set to revolutionize modern farming by optimising fertilisation processes, enhancing crop yield, and promoting sustainable farming. This advanced AI-powered robot represents a significant leap forward in precision agriculture.

    The Smart AI Robot features unmanned field operations, modular design, all-terrain capability, centimetre-level positioning, ultra-long endurance, quick-replaceable battery, and precise operation, among others. It can be widely used in various types of plants such as palm oil, durian, lychee, mango, citrus, and orchards to realize unmanned spraying, mowing, fertilizing and delivery. The Company’s AI-powered fertilizer system will contribute to the materialization of a new mode of environmentally friendly agriculture production, through a series of new energy unmanned robotics and a big data platform that carry out intelligent and standardized management of various types of agricultural plants with fully automated fertilization, pesticide application, diagnostic scanning of plant and fruit conditions, and soil NPK (nitrogen, phosphorus, potassium) measurement.

    It is estimated that by 2027, approximately 35% of Malaysia’s oil palm land will be overaged. Currently, only approximately 17% of such land has trees in the optimal four to eight-year range where motorised cutters could be effective—though their performance remains inconsistent. In Sabah and Sarawak, which account for approximately 55% of Malaysia’s oil palm areas, the terrain is dominated by steep hills and vast peatlands.

    The Company’s AI-powered fertilizer system utilizes cutting-edge machine learning algorithms and real-time soil data analysis to determine the precise amount of fertilizer needed for each section of farmland. When paired with the Smart AI Robot, the system is able to automate fertilizer application, minimize waste, maximize crop yield, and reduce environmental impact.

    “Traditional farming methods often rely on manual labor and generic fertilizer application, leading to inefficiencies and excessive resource consumption. By integrating AI and automation, our Smart AI Robot empowers farmers with more efficient and sustainable farming practices. This technology is a major step towards addressing global food security and environmental challenges” said Dato’ Sri Liew Kok Leong, CEO of ARB IOT. “With our AI-driven solution, farmers can now achieve precision farming at an unprecedented scale, ensuring optimal nutrient distribution tailored to specific crop and soil conditions.”

    Key benefits of the integrated Smart AI Robot include:

    • Precision Application: AI-driven data analytics ensure targeted fertilizer distribution, reducing overuse and underuse.
    • Automation and Efficiency: The autonomous agricultural robot reduces the need for manual labor, operating seamlessly across vast farmlands.
    • Sustainability: By minimizing fertilizer runoff and optimizing nutrient absorption, the system supports eco-friendly farming practices.
    • Cost Reduction: The conversion of solid fertilizers to liquid form leads to cost savings by reducing waste and improving absorption efficiency.
    • Real-time Monitoring: The AI system continuously collects and analyzes soil health and crop growth data, allowing for timely adjustments.

    The convergence of IoT technology with our smart farming system enables real-time monitoring through strategically placed sensors across plantations. These sensors capture data on soil moisture, temperature, humidity and other key environmental factors, providing farmers with instant insights via a central digital hub. This empowers them to make data-driven decisions, respond proactively to environmental changes and optimize farm productivity.

    With a focus on AI-driven advancements, we aim to drive progress in precision agriculture worldwide.

    About ARB IOT Group Limited

    ARB IOT Group Limited is a provider of complete solutions to clients for the integration of Internet of Things (IoT) systems and devices from designing to project deployment. We offer a wide range of IoT systems as well as provide customers a substantial range of services such as system integration and system support service. We deliver holistic solutions with full turnkey deployment from designing, installation, testing, pre-commissioning, and commissioning of various IoT systems and devices as well as integration of automated systems, including installation of wire and wireless and mechatronic works.

    Safe Harbor Statement

    This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, such as statements regarding our estimated future results of operations and financial position, our strategy and plans, and our objectives or goals, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including, but not limited to, those that we discussed or referred to in the Company’s disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC’s website at www.sec.gov, including the Company’s Annual Report on Form 20-F as well as in our other reports filed or furnished from time to time with the SEC. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward looking statements, other than as required by applicable law.

    For further information, please contact:
    ARB IOT Group Limited
    Investor Relations Department
    Email: contact@arbiotgroup.com

    The MIL Network –

  • MIL-OSI: Gevo Reports Fourth Quarter 2024 Financial Results and Reaffirms Business Update

    Source: GlobeNewswire (MIL-OSI)

    ENGLEWOOD, Colo., March 27, 2025 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) (“Gevo”, the “Company”, “we”, “us” or “our”), a leading developer of cost effective, renewable hydrocarbon fuels and chemicals with reduced greenhouse gas emissions, today announced financial results for the fourth quarter and full year ended December 31, 2024, and reaffirmed the Business Update that was released on March 7, 2025 (the “Business Update”), which is available on our website at https://investors.gevo.com/news-releases/news-release-details/gevo-provides-business-update-1.

    2024 Fourth Quarter Financial Highlights

    • Ended the fourth quarter with cash, cash equivalents and restricted cash of $259.0 million.
    • Combined operating revenue and investment income was $8.9 million and $32.7 million for the fourth quarter and full year 2024, respectively.
      • On a standalone basis, our RNG subsidiary generated revenue of $15.8 million during the year ended December 31, 2024. This reflects an increase of $0.3 million compared to the previous year, primarily due to higher sales of environmental attributes from our RNG project. We expect a lower CI score in anticipation of receiving the final pathway approval under the LCFS Program, which is anticipated in the first quarter of 2025. 
    • Loss from operations of $19.6 million for the fourth quarter.
    • Non-GAAP adjusted EBITDA loss1 of $11.3 million for the fourth quarter.
    • Sale of environment attributes net of $5.4 million for the fourth quarter.
    • RNG subsidiary generated a loss from operations of $3.5 million, and non-GAAP adjusted EBITDA profit1 of $2.7 million for the fourth quarter.
    • Net loss per share of $.08 for the fourth quarter.

    1        Adjusted EBITDA is a non-GAAP measure calculated by adding back depreciation and amortization, allocated intercompany expenses for shared service functions, and non-cash stock-based compensation to GAAP loss from operations. A reconciliation of adjusted EBITDA to GAAP loss from operations is provided in the financial statement tables following this release. Adjusted EBITDA was referred to as “cash EBITDA” in previous periods.

    2024 Fourth Quarter Financial Results

    Operating revenue. During 2024, operating revenue decreased $0.3 million compared to the prior year, primarily due to lower sales of environmental attributes from our RNG project. This is due to a buildup of environmental attribute inventory in anticipation of receiving the final pathway approval under the LCFS Program, which we expect to result in a lower CI score. The approval is anticipated in the first quarter of 2025. During 2024, we sold 366,557 MMBtu of RNG from our RNG project, resulting in biogas commodity sales of $0.7 million and environmental attribute sales of $15.1 million. Additionally, we recognized $0.8 million of licensing and development revenue from the agreement with LG Chem as well as $0.3 million from the sale of isooctane and software services during 2024.

    Cost of production. Cost of production remained consistent during 2024, compared to the prior year.

    Depreciation and amortization. Depreciation and amortization, which includes depreciation and amortization which was allocated to inventory and is included in depreciation and amortization upon the sale of the associated inventory, decreased $0.7 million during 2024, compared to the prior year, primarily due to the timing of sales of environmental attribute inventory.

    Research and development expense. Research and development expense decreased $1.1 million during 2024, compared to the prior year, primarily due to a reduction of consulting expenses and personnel related costs.

    General and administrative expense. General and administrative expense increased $3.2 million during 2024 compared to the prior year, primarily due to increases in personnel costs related to the hiring of highly qualified and skilled professionals, and professional consulting fees, partially offset by a decrease in stock-based compensation.

    Project development costs. Project development costs are related to our future Alcohol-to-Jet Projects and Verity and consist primarily of employee expenses, preliminary engineering costs, and technical consulting costs. Project development costs increased $3.4 million during 2024, compared to the prior year, primarily due to patent related costs, increases in personnel costs, and consulting fees.

    Acquisition related costs. Certain acquisition costs incurred related to the Red Trail Purchase Agreement during the year ended December 31, 2024.

    Facility idling costs. Facility idling costs are related to care and maintenance of our Luverne Facility. Facility idling costs decreased by $1.1 million during 2024, compared to the prior year.

    Loss from operations. The Company’s loss from operations increased by $9.0 million during the year ended December 31, 2024, compared to the year ended December 31, 2023, primarily due to the increase in costs related to acquisitions, general and administrative expenses, and project development costs.

    Interest expense. Interest expense increased by $1.7 million during 2024 compared to the prior year, primarily due to interest on the Remarketed Bonds.

    Interest and investment income. Interest and investment income decreased $3.4 million during 2024, compared to the prior year, primarily due to the usage of cash for our capital projects and operating costs, resulting in a lower balance of cash equivalent investments during 2024.

    Other income. Other income increased $1.6 million during 2024, compared to the prior year, primarily due to the termination of the expediting procurement agreement with a local utility which resulted in a one-time charge of $1.6 million in 2023.

    Webcast and Conference Call Information

    Hosting today’s conference call at 4:30 p.m. ET will be Dr. Patrick R. Gruber, Chief Executive Officer, L. Lynn Smull, Chief Financial Officer, Dr. Paul Bloom, Chief Business Officer and Dr. Eric Frey, Vice President of Corporate Development. They will review Gevo’s financial results and provide an update on recent corporate highlights.

    To participate in the live call, please register through the following event weblink: https://register.vevent.com/register/BIfe02700a31384d12946e60bf35964cb8. After registering, participants will be provided with a dial-in number and pin.

    To listen to the conference call (audio only), please register through the following event weblink: https://edge.media-server.com/mmc/p/h9wkbjf5.

    A webcast replay will be available two hours after the conference call ends on March 27, 2025. The archived webcast will be available in the Investor Relations section of Gevo’s website at www.gevo.com.

    About Gevo

    Gevo is a next-generation diversified energy company committed to fueling America’s future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo’s innovative technology can be used to make a variety of renewable products, including SAF, motor fuels, chemicals, and other materials that provide U.S.-made solutions. By investing in the backbone of rural America, Gevo’s business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates one of the largest dairy-based RNG facilities in the United States, turning by-products into clean, reliable energy. We also operate an ethanol plant with an adjacent CCS facility, further solidifying America’s leadership in energy innovation. Additionally, Gevo owns the world’s first production facility for specialty ATJ fuels and chemicals. Gevo’s market-driven “pay for performance” approach regarding carbon and other sustainability attributes, helps ensure value is delivered to our local economy. Through its Verity subsidiary, Gevo provides transparency, accountability, and efficiency in tracking, measuring and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market.

    For more information, see www.gevo.com.

    Forward-Looking Statements

    Certain statements in this press release and the Business Update may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, including, without limitation, the financing and the timing of our NZ1 project, the agreement with LG Chem, the DOE loan guarantee process, the Red Trail Energy acquisition and timing of its closing, the successful integration of the CultivateAI acquisition, the success and revenue of Verity, the success of our ETO business, our financial condition, our results of operation and liquidity, our business plans, our business development activities, our Alcohol-to-Jet Projects, financial projections related to our business, our RNG project, our fuel sales agreements, our plans to develop our business, our ability to successfully develop, construct, and finance our operations and growth projects, our ability to achieve cash flow from our planned projects, the ability of our products to contribute to lower greenhouse gas emissions, particulate and sulfur pollution, and other statements that are not purely statements of historical fact. These forward-looking statements are made based on the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in our most recent Annual Report on Form 10-K and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

    Non-GAAP Financial Information

    This press release contains a financial measure that does not comply with U.S. generally accepted accounting principles (“GAAP”), including non-GAAP adjusted EBITDA. Non-GAAP adjusted EBITDA excludes depreciation and amortization, allocated intercompany expenses for shared service functions, and non-cash stock-based compensation from GAAP loss from operations. Management believes this measure is useful to supplement its GAAP financial statements with this non-GAAP information because management uses such information internally for its operating, budgeting and financial planning purposes. This non-GAAP financial measure also facilitates management’s internal comparisons to Gevo’s historical performance as well as comparisons to the operating results of other companies. In addition, Gevo believes this non-GAAP financial measure is useful to investors because it allows for greater transparency into the indicators used by management as a basis for its financial and operational decision making. Non-GAAP information is not prepared under a comprehensive set of accounting rules and therefore, should only be read in conjunction with financial information reported under U.S. GAAP when understanding Gevo’s operating performance. A reconciliation between GAAP and non-GAAP financial information is provided below.

    Gevo, Inc.
    Condensed Consolidated Balance Sheets
    (In thousands, except share and per share amounts)
                 
        December 31, 2024      December 31, 2023
    Assets              
    Current assets              
    Cash and cash equivalents   $ 189,389     $ 298,349  
    Restricted cash     1,489       77,248  
    Trade accounts receivable, net     2,411       2,623  
    Inventories     4,502       3,809  
    Prepaid expenses and other current assets     5,920       4,353  
    Total current assets     203,711       386,382  
    Property, plant and equipment, net     221,642       211,563  
    Restricted cash     68,155       —  
    Operating right-of-use assets     1,064       1,324  
    Finance right-of-use assets     1,877       210  
    Intangible assets, net     8,129       6,524  
    Goodwill     3,740       —  
    Deposits and other assets     75,623       44,319  
    Total assets   $ 583,941     $ 650,322  
    Liabilities              
    Current liabilities              
    Accounts payable and accrued liabilities   $ 22,006     $ 22,752  
    Operating lease liabilities     333       532  
    Finance lease liabilities     2,001       45  
    Loans payable     21       130  
    2021 Bonds payable, net     —       67,967  
    Total current liabilities     24,361       91,426  
    Remarketed Bonds payable, net     67,109       —  
    Loans payable     —       21  
    Operating lease liabilities     966       1,299  
    Finance lease liabilities     187       187  
    Other long-term liabilities     1,830       —  
    Total liabilities     94,453       92,933  
    Commitments and Contingencies              
    Stockholders’ Equity              
    Common stock, $0.01 par value per share; 500,000,000 shares authorized; 239,176,293 and 240,499,833 shares issued and outstanding at December 31, 2024, and December 31, 2023, respectively.     2,392       2,405  
    Additional paid-in capital     1,287,333       1,276,581  
    Accumulated deficit     (800,237 )     (721,597 )
    Total stockholders’ equity     489,488       557,389  
    Total liabilities and stockholders’ equity   $ 583,941     $ 650,322  
    Gevo, Inc.
    Condensed Consolidated Statements of Operations
    (In thousands, except share and per share amounts)
                 
           Year Ended December 31, 
           2024        2023  
    Total operating revenues   $ 16,915     $ 17,200  
    Operating expenses:              
    Cost of production     12,002       11,991  
    Depreciation and amortization     18,298       19,007  
    Research and development expense     5,576       6,637  
    General and administrative expense     45,798       42,628  
    Project development costs     18,166       14,732  
    Acquisition related costs     4,932       —  
    Facility idling costs     2,967       4,040  
    Total operating expenses     107,739       99,035  
    Loss from operations     (90,824 )     (81,835 )
    Other income (expense)              
    Interest expense     (3,879 )     (2,161 )
    Interest and investment income     15,740       19,090  
    Other income (expense), net     323       (1,309 )
    Total other income, net     12,184       15,620  
    Net loss   $ (78,640 )   $ (66,215 )
    Net loss per share – basic and diluted   $ (0.34 )   $ (0.28 )
    Weighted-average number of common shares outstanding – basic and diluted     231,674,716       238,687,621  
    Gevo, Inc.
    Condensed Consolidated Statements of Comprehensive Loss
    (In thousands)
                 
        Year Ended December 31, 
         2024        2023  
    Net loss   $ (78,640 )   $ (66,215 )
    Other comprehensive income:            
    Unrealized gain on available-for-sale securities     —       1,040  
    Comprehensive loss   $ (78,640 )   $ (65,175 )
    Gevo, Inc.
    Condensed Consolidated Statements of Stockholders’ Equity
    (In thousands, except share amounts)
                                       
        For the Year Ended December 31, 2024 and 2023
        Common Stock         Accumulated Other   Accumulated    Stockholders’
           Shares      Amount      Paid-In Capital      Comprehensive Loss      Deficit      Equity
    Balance, December 31, 2023      240,499,833        $ 2,405        $ 1,276,581        $ —        $ (721,597 )      $ 557,389  
    Non-cash stock-based compensation   —       —       14,847       —       —       14,847  
    Stock-based awards and related share issuances, net   5,784,668       58       495       —       —       553  
    Repurchase of common stock   (7,190,006 )     (72 )     (4,638 )     —       —       (4,710 )
    Issuance of common stock upon exercise of warrants   81,798       1       48       —       —       49  
    Net loss   —       —       —       —       (78,640 )     (78,640 )
    Balance, December 31, 2024   239,176,293     $ 2,392     $ 1,287,333     $ —     $ (800,237 )   $ 489,488  
                                       
    Balance, December 31, 2022      237,166,625        $ 2,372        $ 1,259,527        $ (1,040 )      $ (655,382 )      $ 605,477  
    Non-cash stock-based compensation   —       —       17,087       —       —       17,087  
    Stock-based awards and related share issuances, net   3,333,208       33       (33 )     —       —       —  
    Other comprehensive income   —       —       —       1,040       —       1,040  
    Net loss   —       —       —       —       (66,215 )     (66,215 )
    Balance, December 31, 2023   240,499,833     $ 2,405     $ 1,276,581     $ —     $ (721,597 )   $ 557,389  
    Gevo, Inc.
    Condensed Consolidated Statements of Cash Flows
    (In thousands)
                 
        Year Ended December 31, 
        2024        2023  
    Operating Activities                 
    Net loss   $ (78,640 )   $ (66,215 )
    Adjustments to reconcile net loss to net cash used in operating activities:              
    Stock-based compensation     14,733       17,087  
    Depreciation and amortization     18,298       19,007  
    Amortization of marketable securities discount     —       (102 )
    Other noncash expense     2,497       908  
    Changes in operating assets and liabilities, net of effects of acquisition:            
    Accounts receivable     417       (2,147 )
    Inventories     (706 )     670  
    Prepaid expenses and other current assets, deposits and other assets     (19,050 )     (25,620 )
    Accounts payable, accrued expenses and non-current liabilities     5,068       2,693  
    Net cash used in operating activities     (57,383 )     (53,719 )
    Investing Activities              
    Acquisitions of property, plant and equipment     (51,085 )     (54,455 )
    Proceeds from sale of investment tax credit     15,336       —  
    Payment of earnest money deposit     (10,000 )     —  
    Acquisition of CultivateAI, net of cash acquired     (6,070 )     —  
    Proceeds from maturity of marketable securities     —       168,550  
    Proceeds from sale of property, plant and equipment     —       34  
    Net cash (used in) provided by investing activities     (51,819 )     114,129  
    Financing Activities              
    Proceeds from issuance of Remarketed Bonds     68,155       —  
    Extinguishment of 2021 Bonds, net     (68,155 )     —  
    Payment of debt offering costs     (1,665 )     —  
    Proceeds from the exercise of warrants     49       —  
    Payment of loans payable     (130 )     (167 )
    Payment of finance lease liabilities     (906 )     (22 )
    Repurchases of common stock     (4,710 )     —  
    Net cash used in financing activities     (7,362 )     (189 )
    Net (decrease) increase in cash and cash equivalents     (116,564 )     60,221  
    Cash, cash equivalents and restricted cash at beginning of period     375,597       315,376  
    Cash, cash equivalents and restricted cash at end of period   $ 259,033     $ 375,597  
    Gevo, Inc.
    Reconciliation of GAAP to Non-GAAP Financial Information
    (In thousands)
                             
           Three Months Ended December 31,       Year Ended December 31, 
           2024        2023        2024        2023  
    Non-GAAP Adjusted EBITDA (Consolidated):                            
    Loss from operations   $ (19,646 )   $ (21,337 )   $ (90,824 )   $ (81,835 )
    Depreciation and amortization     6,076       4,684       18,298       19,007  
    Stock-based compensation     2,248       4,335       14,733       17,087  
    Non-GAAP adjusted EBITDA (loss) (Consolidated)   $ (11,322 )   $ (12,318 )   $ (57,793 )   $ (45,741 )
                             
        Three Months Ended December 31,    Year Ended December 31, 
        2024     2023        2024     2023  
    Non-GAAP Adjusted EBITDA (Gevo NW Iowa RNG):                        
    Loss from operations   $ (3,497 )   $ (1,274 )   $ (8,760 )   $ (7,656 )
    Depreciation and amortization     5,233       1,606       8,580       6,705  
    Allocated intercompany expenses for shared service functions     890       890       3,561       3,561  
    Stock-based compensation     46       42       171       102  
    Non-GAAP adjusted EBITDA (Gevo NW Iowa RNG)   $ 2,672     $ 1,264     $ 3,552     $ 2,712  

    Media Contact
    Heather Manuel
    Vice President of Stakeholder Engagement & Partnerships
    PR@gevo.com

    Investor Contact
    Eric Frey, PhD
    Vice President of Corporate Development
    IR@Gevo.com

    The MIL Network –

  • MIL-OSI: Credit Acceptance Announces Completion of $400.0 Million Asset-Backed Financing

    Source: GlobeNewswire (MIL-OSI)

    Southfield, Michigan, March 27, 2025 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $400.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we conveyed loans having a value of approximately $500.2 million to a wholly owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes:

    Note Class   Amount   Average Life   Price     Interest Rate  
      A   $ 223,080,000     2.48 years     99.99519 %       5.02 %  
      B   $ 65,780,000     3.14 years     99.97454 %       5.30 %  
      C   $ 111,140,000     3.52 years     99.98897 %       5.71 %  

    The Financing will:

    • have an expected average annualized cost of approximately 5.6% including upfront fees and other costs;
    • revolve for 24 months after which it will amortize based upon the cash flows on the conveyed loans; and
    • be used by us to repay outstanding indebtedness and for general corporate purposes.

    We will receive 4.0% of the cash flows related to the underlying consumer loans to cover servicing expenses. The remaining 96.0%, less amounts due to dealers for payments of dealer holdback, will be used to pay principal and interest on the notes as well as the ongoing costs of the Financing. The Financing is structured so as not to affect our contractual relationships with dealers and to preserve the dealers’ rights to future payments of dealer holdback.

    The notes have not been and will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This news release does not and will not constitute an offer to sell or the solicitation of an offer to buy the notes. This news release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933.

    Description of Credit Acceptance Corporation

    We make vehicle ownership possible by providing innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history. Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing.

    Without our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones. Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing. Credit Acceptance is publicly traded on the Nasdaq stock market under the symbol CACC.  For more information, visit creditacceptance.com.

    The MIL Network –

  • MIL-OSI NGOs: Serbia: BIRN journalists targeted with Pegasus spyware 

    Source: Amnesty International –

    Two journalists from Balkan Investigative Reporting Network (BIRN), an award-winning Serbian network of investigative journalists, were targeted with NSO Group’s Pegasus spyware last month, a new Amnesty International investigation reveals.   

    Journalists Bogdana (not her real name) and Jelena Veljkovic received suspicious messages on the Viber messaging app from an unknown Serbian number linked to Telekom Srbija, the state-telecommunications operator. 

    Suspecting that their smartphones were being targeted by a spyware attack, they approached Amnesty International’s Security Lab, whose forensic analysis confirmed their suspicions.  

    “We discovered that the text messages contained hyperlinks to a Serbian language domain name which we have determined with high confidence to be associated with NSO Group’s Pegasus spyware,   

    Donncha Ó Cearbhaill, the Head of Amnesty International’s Security Lab.

    This is the third time in two years that Amnesty International’s Security Lab has found NSO Group’s Pegasus spyware being used against civil society in Serbia. In November 2023, Amnesty International, Access Now, SHARE Foundation and Citizen Lab documented how two Serbian civil society members where targeted by a zero-click spyware attack, which Amnesty International later attributed as Pegasus attack attempts.   

    On 14 February 2025, Bogdana received a message on Viber with a link to a news article and a message asking: “Do you have info that he is next? I heard something completely different.” 

    At the time she was working on an article about foreign investments and state-linked corruption cases. The previous day she had met sources for her story including individuals close to the government. 

    Bogdana did not click the Pegasus infection link, and a forensic analysis of her device did not indicate that Pegasus spyware had been installed on her phone. Amnesty International’s Security Lab later found that, if clicked, the infection link redirected to a decoy page on a Serbian media website, a technique previously seen in a Pegasus attempt targeting a Serbian protest leader in July 2023. 

    NSO Group stated in a letter to Amnesty International that “all sales of our systems are to vetted government end-users”. Amnesty International believes that the continued use of Serbian language Pegasus infection domain names, and the targeting of Serbian civil society with a consistent methodology are indicative of these attacks being carried out by a Serbian state entity.  

    Bogdana said: “When I found out that the link on my phone was Pegasus, I was absolutely furious. This was the phone registered to my name, and I felt as if I had an intruder in my own home. This is an unnerving feeling…. I was extremely concerned about my sources who could be at risk because they communicated with me.” 

    Jelena Veljkovic received a similar Viber message to the one sent to Bogdana from the same Serbian phone number on 14 February and deleted it without clicking it. Amnesty International concluded that, based on the nature of the attempt, this was also a Pegasus 1-click infection attempt. 1-click attacks require action from the target to enable the infection of their device, typically the opening of a malicious link. 

    “When I found out that I was a target of a Pegasus attack, I was not particularly scared but found it quite unsettling. This was my private telephone, which I also use for work, and a virus like Pegasus, which is not selective at all and can access everything on one’s phone, can have repercussions on my family too. 

    “This was a targeted attack on investigative journalists – a form of pressure and a warning. Whether it was an attack on me personally or on BIRN, as a media outlet, I am not sure,  

    Jelena. 

    BIRN and its staff face frequent threats, harassment and Strategic Lawsuits against Public Participation (SLAPPs), including by senior government officials, for their investigative journalism. Currently it is fighting four SLAPP suits, mostly filed by public officials, including the current mayor of Belgrade, or others with known links to the authorities. 

    Amnesty International shared its findings with NSO Group who responded saying: “We cannot comment on specific existing or past customers. Additionally, as a matter of policy, we are unable to disclose any information regarding our technical specifications, functionality or operational features of our products.” 

    Repeated attempts to engage the Serbian Security Information Agency (BIA, Bezbednosno-informativna Agencija) were unanswered. 

    These findings provide further evidence that Serbian authorities are abusing highly invasive spyware products and other digital surveillance technologies to target journalists, activists, and other members of civil society amid widespread student protests that have gripped the country since November 2024.  

    Serbian authorities must stop using highly invasive spyware and provide effective remedy to victims of unlawful targeted surveillance and hold those responsible for the violations to account. NSO Group must stop selling Pegasus and the use of its products in Serbia. 

    MIL OSI NGO –

  • MIL-OSI USA: Klobuchar, Collins Introduce Bipartisan Legislation to Expand Access to Apprenticeships

    US Senate News:

    Source: United States Senator Amy Klobuchar (D-Minn)

    The American Apprenticeship Act would provide states with tuition assistance funding for apprenticeship and pre-apprenticeship programs

    WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Susan Collins (R-ME) introduced bipartisan legislation to expand access to apprenticeships. The American Apprenticeship Act would provide states with tuition assistance funding to support apprenticeship and pre-apprenticeship programs. Companion legislation in the House of Representatives is led by Representative Rosa DeLauro (D-CT).

    “Apprenticeships provide Americans with valuable on-the-job training and skills to work in high-demand fields,” said Klobuchar. “By providing additional tuition assistance for apprenticeships and pre-apprenticeships, our bipartisan legislation will enable more people to access and benefit from these valuable programs.”

    “Small business owners have told me that one of the biggest challenges they face is finding qualified and trained workers to fill vacant positions,” said Collins. “Apprenticeships help address this issue by aligning employees’ skills with employers’ needs and preparing individuals for a successful future in their chosen field.  During the ongoing workforce shortage, this bipartisan bill would help fill the gap by expanding access to and lowering the cost of apprenticeships, allowing more Americans to take advantage of these programs to gain in-demand skills and obtain good-paying jobs.”

    “People are living paycheck to paycheck – they are in desperate need of a viable pathway to gain and use their skills,” said DeLauro. “The American Apprenticeship Act will help raise wages and reduce worker turnover by investing in workers, helping them gain skills to get good-paying jobs. The programs created under the legislation would allow businesses to create a pipeline of skilled workers while improving their bottom line and strengthening our global competitiveness – so workers win, business wins, and our economy grows.”

    The American Apprenticeship Act would:

    • Award competitive grants to states that have developed effective strategies to diversify, market, and scale Registered Apprenticeship and pre-apprenticeship programs;
    • Cover costs associated with participating in Registered Apprenticeship and pre-apprenticeship programs, including tuition, fees, equipment, and other educational materials; and
    • Analyze the use of apprenticeships for in-demand occupations.

    In addition, Klobuchar and Senator Jerry Moran (R-KS) have introduced the Apprenticeships to College Act, which would allow workers to earn college credits for completed apprenticeships. Klobuchar and Senator Roger Marshall (R-KS) have introduced the Freedom to Invest in Tomorrow’s Workforce Act to help Americans save for skills training, certification, and credential programs.

    MIL OSI USA News –

  • MIL-OSI USA: Luján Statement on Trump Administration Gutting HHS by Cutting Nearly Quarter of Workforce, Abruptly Canceling Funding for New Mexico State Health Services

    US Senate News:

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

    Trump Administration Guts HHS by Eliminating Nearly 25% of Workforce, Cuts Over $12 Billion in Federal Grants to Fund Infectious Disease Management and Other Critical Health Services Nationwide Amid Measles Outbreak

    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 in response to the announcement from the Trump administration that the Department of Health and Human Services (HHS) is illegally gutting the agency including cutting nearly a quarter of its workforce and eliminating critical subagencies. This is in addition to yesterday’s announcement that more than $12 billion in federal grants to states to support tracking infectious diseases, mental health services, addiction treatment, and other critical health issues have been abruptly canceled.

    “Amid a nationwide measles outbreak, with bird flu spreading worldwide, and as a significant number of Americans face a substance use or mental health conditions, now is not the time to fire our nation’s health workers, ravage our nation’s top health agency, and cut critical resources that support state health services.

    “The Trump administration is blindly taking an axe to the agency responsible for our nation’s public health. When our nation should be working to boost public health, the Trump administration is firing thousands of dedicated health workers who respond to disease outbreaks, oversee scientific research, and strengthen public health. Eliminating nearly a quarter of HHS will not make Americans healthier.

    “Not only is the Trump administration dismantling HHS, but they are also abruptly canceling more than $12 billion in approved federal grants for state health services nationwide, which is a direct attack on our nation’s public health. As the New Mexico Department of Health combats a measles outbreak and fights the opioid crisis, these federal funds – which Congress approved – are meant to help them track infectious diseases, get New Mexicans the substance use support services they need, and boost our state’s public health.”

    These mass firings and abrupt cuts come as a total of 378 confirmed measles cases have been reported by 18 jurisdictions: Alaska, California, Florida, Georgia, Kansas, Kentucky, Maryland, Michigan, New Jersey, New Mexico, New York City, New York State, Ohio, Pennsylvania, Rhode Island, Texas, Vermont, and Washington. In New Mexico, a total of 43 cases have been reported in Lea and Eddy Counties, and one unvaccinated individual has died.

    Senator Luján has repeatedly demanded action from HHS Secretary Robert F. Kennedy, Jr. to contain the measles outbreak. Secretary Kennedy has failed to respond.

    MIL OSI USA News –

  • MIL-OSI USA: 19th MSI Research Day Draws Nearly 100

    Source: US State of Connecticut

    Dr. Jordan Bauer, second-year orthopedic surgery resident, presents at UConn Health’s MSI Research Day, March 14, 2025. (Photo by Lisa Cianchetti)

    Nearly 100 current and future physicians and scientists attended 2025 UConn Musculoskeletal Institute (MSI) Research Day, March 11 at the Cell and Genome Sciences Building.

    The day included oral presentations, a symposium on osteoarthritis, 18 poster presentations, an awards ceremony, and a keynote address from an international leader in the field of cartilage and developmental biology.

    Dr. Ernesto Canalis, MSI co-director, speaks at MSI Research Day at UConn Health, March 14, 2025. (Photo by Lisa Cianchetti)

    “This is a day where clinical and research faculty meet and get together to share recent accomplishments in musculoskeletal research at the University of Connecticut,” says Dr. Ernesto Canalis, professor of orthopedic surgery and medicine and MSI co-director. “It allows for interactions among faculty and presentations by faculty, students, residents, and trainees.”

    It was the 19th MSI research day and the most well-attended since before the pandemic, with the UConn School of Medicine’s Departments of Orthopedic Surgery, Medicine, and Neuroscience represented, as well as the UConn School of Dental Medicine’s Center for Regenerative Medicine and the Department of Biomedical Engineering, a joint department of the dental, medical, and engineering schools.

    The keynote speaker was Dr. Maurizio Pacifici, director of research at the Children’s Hospital of Philadelphia.

    Dr. Maurizio Pacifici, director of research at the Children’s Hospital of Philadelphia, delivers the keynote address at UConn Health’s MSI Research Day, March 14, 2025. (Photo by Lisa Cianchetti)

    “Dr. Pacifici was an ideal speaker, as he has first-hand experience translating basic science discoveries into clinical treatment – a core mission of the UConn MSI”, says Dr. Isaac Moss, professor and chair of orthopedic surgery and MSI co-director.

    “Participants leave this event having learned recent advances in musculoskeletal research at UConn, with the opportunity to learn from a national leader,” Canalis says. “Faculty interactions are expected to lead to new collaborative efforts to enhance research in the musculoskeletal field.”

    From left: Research intern Tomer Korabelnikov, Dr. Cory Edgar, clinical research assistant Nandan Nayak, and research intern Rohan Patel are among those who collaborated on projects presented at MSI Research Day at UConn Health, March 14, 2025. (Photo by Lisa Cianchetti)

    Awards presented:

    • Best MD/Ph.D., Marta Stetsiv
    • Best Graduate Student, Biology, Kai Clarke
    • Best Graduate Student, Engineering, Travis Wallace
    • Best Young Innovative Investigator Program, Arianna Cedeño
    • Best Undergraduate Student, Bailey Millis
    • Best Medical Student, Daniel Brocke
    • Best Orthopedic Research Resident Fellow, Lisa Tamburini
    • Best Orthopedic Research Fellow, Rohan Patel

    MIL OSI USA News –

  • MIL-OSI Europe: Final draft agenda – Wednesday, 2 April 2025 – Strasbourg

    Source: European Parliament

    24 Energy-intensive industries     – Motions for resolutions Wednesday, 26 March 2025, 13:00     – Amendments to the motion for a resolution Friday, 28 March 2025, 12:00 22 Guidelines for the 2026 budget – Section III
    Andrzej Halicki (A10-0042/2025)      – Amendments Wednesday, 26 March 2025, 13:00 28 Protocol on the Implementation of the Fisheries Partnership Agreement between the European Community and the Republic of Guinea-Bissau (2024-2029) (Resolution)
    Eric Sargiacomo (A10-0040/2025)      – Amendments Friday, 28 March 2025, 12:00 18 Strengthening the security of identity cards of Union citizens and of residence documents issued to Union citizens and their family members exercising their right of free movement
    Malik Azmani (A10-0041/2025)      – Amendments Wednesday, 26 March 2025, 13:00 40 Implementation of the common foreign and security policy – annual report 2024
    David McAllister (A10-0010/2025)      – Amendments Wednesday, 26 March 2025, 13:00 39 Implementation of the common security and defence policy – annual report 2024
    Nicolás Pascual de la Parte (A10-0011/2025)      – Amendments Wednesday, 26 March 2025, 13:00 38 Human rights and democracy in the world and the European Union’s policy on the matter – annual report 2024
    Isabel Wiseler-Lima (A10-0012/2025)      – Amendments Wednesday, 26 March 2025, 13:00 49 Prosecution of journalists in Cameroon, notably the cases of Amadou Vamoulké, Kingsley Fomunyuy Njoka, Mancho Bibixy, Thomas Awah Junior, Tsi Conrad     – Motions for resolutions (Rule 150) Monday, 31 March 2025, 20:00     – Amendments to motions for resolutions; joint motions for resolutions (Rule 150) Wednesday, 2 April 2025, 13:00     – Amendments to joint motions for resolutions (Rule 150) Wednesday, 2 April 2025, 14:00 50 Execution spree in Iran and the confirmation of the death sentences of activists Behrouz Ehsani and Mehdi Hassani     – Motions for resolutions (Rule 150) Monday, 31 March 2025, 20:00     – Amendments to motions for resolutions; joint motions for resolutions (Rule 150) Wednesday, 2 April 2025, 13:00     – Amendments to joint motions for resolutions (Rule 150) Wednesday, 2 April 2025, 14:00 51 Immediate risk of further repression by Lukashenka’s regime in Belarus – threats from the Investigative Committee     – Motions for resolutions (Rule 150) Monday, 31 March 2025, 20:00     – Amendments to motions for resolutions; joint motions for resolutions (Rule 150) Wednesday, 2 April 2025, 13:00     – Amendments to joint motions for resolutions (Rule 150) Wednesday, 2 April 2025, 14:00 Separate votes – Split votes – Roll-call votes Texts put to the vote on Tuesday Friday, 28 March 2025, 12:00 Texts put to the vote on Wednesday Monday, 31 March 2025, 19:00 Texts put to the vote on Thursday Tuesday, 1 April 2025, 19:00 Motions for resolutions concerning debates on cases of breaches of human rights, democracy and the rule of law (Rule 150) Wednesday, 2 April 2025, 19:00

    MIL OSI Europe News –

  • MIL-OSI Europe: Final draft agenda – Thursday, 3 April 2025 – Strasbourg

    Source: European Parliament

    49 Prosecution of journalists in Cameroon, notably the cases of Amadou Vamoulké, Kingsley Fomunyuy Njoka, Mancho Bibixy, Thomas Awah Junior, Tsi Conrad     – Motions for resolutions (Rule 150) Monday, 31 March 2025, 20:00     – Amendments to motions for resolutions; joint motions for resolutions (Rule 150) Wednesday, 2 April 2025, 13:00     – Amendments to joint motions for resolutions (Rule 150) Wednesday, 2 April 2025, 14:00 50 Execution spree in Iran and the confirmation of the death sentences of activists Behrouz Ehsani and Mehdi Hassani     – Motions for resolutions (Rule 150) Monday, 31 March 2025, 20:00     – Amendments to motions for resolutions; joint motions for resolutions (Rule 150) Wednesday, 2 April 2025, 13:00     – Amendments to joint motions for resolutions (Rule 150) Wednesday, 2 April 2025, 14:00 51 Immediate risk of further repression by Lukashenka’s regime in Belarus – threats from the Investigative Committee     – Motions for resolutions (Rule 150) Monday, 31 March 2025, 20:00     – Amendments to motions for resolutions; joint motions for resolutions (Rule 150) Wednesday, 2 April 2025, 13:00     – Amendments to joint motions for resolutions (Rule 150) Wednesday, 2 April 2025, 14:00 20 Estimates of revenue and expenditure for the financial year 2026 – Section I – European Parliament
    Matjaž Nemec     – Amendments Tuesday, 1 April 2025, 19:00     – Requests for “separate”, “split” and “roll-call” votes Wednesday, 2 April 2025, 13:00 47 Targeted attacks against Christians in the Democratic Republic of the Congo – defending religious freedom and security     – Motion for a resolution Friday, 28 March 2025, 12:00     – Amendments to motions for resolutions; joint motions for resolutions Monday, 31 March 2025, 19:00     – Amendments to joint motions for resolutions Monday, 31 March 2025, 20:00 Separate votes – Split votes – Roll-call votes Texts put to the vote on Tuesday Friday, 28 March 2025, 12:00 Texts put to the vote on Wednesday Monday, 31 March 2025, 19:00 Texts put to the vote on Thursday Tuesday, 1 April 2025, 19:00 Motions for resolutions concerning debates on cases of breaches of human rights, democracy and the rule of law (Rule 150) Wednesday, 2 April 2025, 19:00

    MIL OSI Europe News –

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on energy-intensive industries – B10-0209/2025

    Source: European Parliament

    Giorgio Gori, Wouter Beke, Brigitte van den Berg, Benedetta Scuderi
    on behalf of the Committee on Industry, Research and Energy

    B10‑0209/2025

    European Parliament resolution on energy-intensive industries

    (2025/2536(RSP))

    The European Parliament,

    – having regard to the report of September 2024 by Mario Draghi entitled ‘On the future of European competitiveness’,

    – having regard to the report of April 2024 by Enrico Letta entitled ‘Much more than a market’,

    – having regard to the Commission communication of 26 February 2025 entitled ‘The Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation’ (COM(2025)0085),

    – having regard to the Commission communication of 26 February 2025 entitled ‘Action Plan for Affordable Energy’ (COM(2025)0079),

    – having regard to Rule 136(2) of its Rules of Procedure,

    – having regard to the motion for a resolution of the Committee on Industry, Research and Energy,

    A. whereas energy-intensive industries (EIIs) account for a significant share of the EU’s economy and play a key role in job creation, especially in areas and regions where they are concentrated; whereas EIIs are crucial for the EU’s strategic autonomy and competitiveness, as well as for decarbonisation, taking into account their energy footprint;

    B. whereas the transition to a decarbonised economy and a clean energy system must lead to reducing energy prices and must take into account all available technologies that contribute to reaching the EU’s net zero goal for 2050 in the most cost-efficient way, avoiding lock-in effects and taking into account the different energy mix across Member States, including with regard to renewables and nuclear;

    C. whereas electrification is at the centre of the decarbonisation of EIIs; whereas EIIs include sectors that use fossil resources to meet temperature, pressure or reaction requirements, such as chemicals, steel, paper, plastics, mining, refineries, cement, lime, non-ferrous metals, glass, ceramics and fertilisers, for which greenhouse gas emissions are hard to reduce because they are intrinsic to the process or because of high capital or operating expenditure costs or low technological maturity;

    D. whereas the energy price gap between the EU and the US and China undermines the competitiveness of the EU’s industries; whereas elevated and volatile fossil fuel prices heavily affect electricity prices and the affordable cost of renewable energy sources is not transferred to energy bills;

    E. whereas an insufficiently integrated energy union poses further challenges to EIIs, in particular in relation to the lack of cross-border interconnections and the limited availability of clean energy, owing to lengthy permitting procedures or high capital or operating expenditures, as well as grid congestion;

    F. whereas the emissions trading system (ETS) provided long-term investment signals and helped bring down the emissions of ETS sectors by 47 %; whereas the energy market has profoundly changed since the introduction of the ETS, especially after Russia’s invasion of Ukraine and the shift from pipeline gas to liquid natural gas (LNG); whereas a lack of carbon market transparency risks hampering EIIs’ competitiveness; whereas ETS revenues are used unevenly across Member States, failing to adequately support EIIs’ decarbonisation;

    G. whereas unnecessary regulatory burdens and lengthy permitting procedures undermine the business case for investing in decarbonisation in Europe; whereas the concept of overriding public interest is provided for in EU legislation; whereas complex and fragmented EU funding impedes timely investment in net-zero technologies and digitalisation, in particular for small and medium-sized enterprises (SMEs);

    H. whereas the lack of necessary private investment risks hindering EIIs’ decarbonisation; whereas relying excessively on State aid can have the unwanted consequences of exacerbating disparities and distorting competition across the EU;

    I. whereas the EU’s dependencies and limited access, both in quantity and quality, to primary and secondary raw materials pose significant challenges to EIIs; whereas circularity and efficiency can help reduce the annual investment needs in industry and in energy supply; whereas currently, ferrous metals exported to non-EU countries account for more than half of all EU waste exports, raising concerns about their sound treatment;

    J. whereas unfair competition from non-EU countries, including subsidised overcapacity, poses a great challenge to EU companies; whereas many regions around the world do not currently have ambitious decarbonisation targets, thus increasing the risk of carbon leakage;

    K. whereas a profound transformation of EIIs cannot succeed without the involvement of local and regional communities, workers and social partners, which are heavily affected by the transition;

    1. Reiterates its commitment to the EU’s decarbonisation objectives and to stable and predictable climate and industrial policies;

    2. Calls on the Member States to accelerate permitting and licensing processes for clean energy projects, ensuring administrative capacity, and to facilitate grid connections to enable clean, on-site energy generation, especially in remote areas; stresses that the growth of renewables and electrification will require massive investment in grids and in flexibility, storage and distribution networks; calls on the Commission to develop, beyond the concept of overriding public interest, solutions for speeding up decarbonisation projects;

    3. Believes that further action is needed to implement the electricity market design (EMD) rules, especially to promote power purchase agreements (PPAs) and two-way contracts for difference (CfDs) to reduce volatility and energy costs for EIIs; calls on the Commission to propose urgent measures to address current barriers to the signing of long-term agreements, especially for SMEs, using risk reduction instruments and guarantees, including public guarantee such as by the European Investment Bank (EIB); suggests that additional ways to decouple fossil fuel prices from electricity prices be explored, in the framework of the EMD, including with the aim of boosting long-term contracts in line with the affordable energy action plan, and by advancing the analysis of short-term markets to 2025;

    4. Calls on the Commission to assess the possibility of scaling up best practice for EIIs from Member States, such as Italy’s energy release; calls on the Commission to develop recommendations for reducing the exposure of consumers, and especially EIIs, to rising energy costs, such as by reducing taxes and levies and harmonising network charges, while ensuring public investment in grids;

    5. Calls for the enhancement of energy system integration, in particular in relation to cross-border interconnections, to ensure clean and resilient energy supply; asks for increased investment in flexibility, such as storage, including pumped storage hydropower and heat and waste heat storage, and demand response, to optimise grid stability; recalls the importance of energy efficiency in bringing costs down;

    6. Underlines the need to phase out natural gas as soon as possible; stresses that some sectors cannot rely substantially on electrification in the short to medium term; calls on the Member States – over the same time span and for these limited sectors – to develop measures to address gas price spikes in duly justified cases; calls on the Commission to develop tools to ensure gas supply at a mitigated cost, by enabling demand aggregation, building on AggregateEU, and joint gas purchasing, while keeping decarbonisation objectives; highlights the importance of encouraging stable contracts with gas suppliers, diversifying supply routes and improving market transparency and stability, in line with current legislation; calls for an impact assessment in the upcoming ETS review to analyse the relationship between the gas market and CO2 prices and the role of the market stability reserve and its parameters;

    7. Calls on the Commission to support EIIs in adopting clean and net-zero technologies, including hydrogen, and energy-efficient production methods by strengthening funding mechanisms and ensuring that ETS revenue is used effectively by Member States; calls for EU-level support to be complemented by State aid that allows for targeted support to EIIs, while preserving a level playing field within the single market;

    8. Calls for InvestEU to be topped up before the next multiannual financial framework (MFF) and for leftover Resilience and Recovery Facility loans to support investment in EII decarbonisation; notes that the Strategic Technologies for Europe Platform already allows for flexibility within current programmes but that this is insufficient; insists that the upcoming MFF increase funding to support EIIs, building on the Innovation Fund and the Connecting Europe Facility – Energy or through the competitiveness fund; stresses that the European Hydrogen Bank and the carbon contracts for difference programme need to be scaled up; calls on the Commission to build on the Net-Zero Industry Act[1] in the upcoming decarbonisation accelerator act, to streamline the processes for granting permits and strategic project status;

    9. Stresses the need to simplify bureaucratic procedures to enhance the attractiveness of private investment and support EIIs’ transition; believes that both InvestEU and the EIB are pivotal in catalysing private financing, especially through de-risking measures;

    10. Emphasises the need to secure access to critical raw materials; stresses that the upcoming circular economy act should improve resource efficiency, including through better waste management of products containing critical raw materials, as well as fostering the demand and availability of secondary raw materials; stresses the need to define those secondary raw materials that are strategic and that should be subject to export monitoring, such as steel and metal scrap, and to tackle any imbalance in their supply and demand, including by exploring export restrictions; insists on the effective enforcement of the Waste Shipment Regulation[2];

    11. Calls on the Commission to make full and efficient use of trade defence instruments; calls on the Commission to find a permanent solution to address unfair competition and structural overcapacity, before the expiry of current steel safeguard measures in 2026; calls on the Commission to engage with the US in relation to the announced tariffs on EU imports and avoid any harmful escalation;

    12. Stresses that an effective implementation of the carbon border adjustment mechanism (CBAM) is essential to ensure a level playing field for EU industries and prevent carbon leakage, taking into account the impact of the parallel phasing out of the ETS free allowances and the risk of increased production costs; calls on the Commission to address the risks of resource shuffling and circumvention of the CBAM; asks, furthermore, for the implementation of an effective solution for EU exporters and an analysis of the possible extension to further sectors and downstream products, preceded by an impact assessment;

    13. Calls for the creation of lead markets for clean and circular European products, via non-price criteria in EU public procurement, such as sustainability and resilience and a European preference for strategic sectors, as well as by creating voluntary labelling schemes and minimum EU content requirements in a cost-effective way;

    14. Highlights the importance of a just transition to assist areas heavily reliant on EIIs, by keeping and creating quality jobs through upskilling and reskilling programmes for workers and through the effective use of regional support mechanisms, such as the Just Transition Fund and the Cohesion Fund; stresses that public support will be pivotal for the transition of EIIs and that this support should be tied to their commitment to safeguarding employment and working conditions and preventing off-shoring; welcomes the Union of Skills initiative to ensure a good match between skills and labour market demands;

    15. Instructs its President to forward this resolution to the Commission, the Council and the governments and parliaments of the Member States.

    MIL OSI Europe News –

  • MIL-OSI Europe: Croatia to get EIB guidance on promoting capital markets and business innovation

    Source: European Investment Bank

    EIB

    • EIB to support Croatia in deepening its capital market in alignment with the EU’s Capital Markets Union (CMU)
    • New advisory accord with Finance Ministry aims for “Fintech Hub”  
    • Separate deal with Croatian investment-promotion agency to aid business financing

    The European Investment Bank (EIB) will offer policy guidance to Croatia on becoming a regional hub for financial technologies and capital markets. Under a new advisory agreement with Croatia’s Ministry of Finance, the EIB will support plans to turn the country into a fintech leader. In a parallel move, the EIB plans to advise Croatian Agency for SMEs, Innovation and Investments HAMAG-BICRO on helping small and medium-sized enterprises (SMEs) as well as startups enhance their investment readiness and gain access to early-stage finance. The advisory support is funded by the InvestEU Advisory Hub programme.

    “With the rapid evolution of technology and the growing importance of deep capital markets, Croatia has a unique opportunity to position itself as a regional leader in the innovation ecosystem,” said EIB Vice-President Teresa Czerwińska. “Through these two partnerships, we are committed to supporting the country’s economic growth and competitiveness.”

    The goal of the EIB accord with the Finance Ministry is to help establish a “Fintech Hub” to act as a catalyst for innovation in this field. It will serve startups as well as established businesses and ensure alignment with evolving European Union regulations and global market trends.

    As part of the pact, the EIB will map the current fintech system in Croatia, benchmark leading hubs in Europe and provide recommendations on legal and operational issues. This will help drive the adoption of advanced financial technologies in Croatia and strengthen its role on the European fintech stage.

    The EIB will also carry out a study on ways to deepen capital markets in Croatia, identifying opportunities to bolster the investment environment. The study, meant to support the country’s new “Strategy on Capital Market Development 2025-2030”, will benchmark Croatia against innovative small and established large capital markets in an effort to position Croatia as a regional hub for initial public offerings in central and eastern Europe, leading the way towards the CMU.

    “Through collaboration with the European Investment Bank, we will continue investing efforts in order to accelerate the development of the fintech industry and capital market. This will ultimately improve access to capital for fintech entrepreneurs, startups, and the wider business community,” said Deputy Prime Minister and Minister of Finance Marko Primorac. “Today’s partnership marks a significant step forward in positioning Croatia as a regional hub for fintech and further strengthening our capital market. By fostering fintech development and expanding capital market opportunities, we enhance Croatia’s standing both domestically and internationally. I extend my gratitude to the European Investment Bank for their cooperation and am confident that this initiative will contribute to Croatia’s long-term economic growth,” the Deputy Prime Minister added.

    In its partnership with HAMAG-BICRO, the EIB will enhance the country’s innovation ecosystem through training programmes for SMEs and startups covering issues such as business strategy, financial planning and investor engagement. The goals include helping Croatian businesses tap EU funding, including the European Innovation Council Accelerator. Envisaged cross-border mentorship and corporate partnership programmes will facilitate knowledge-sharing to support start-ups in scaling their technologies and accessing broader markets.

    Vjeran Vrbanec, HAMAG-BICRO Management Board President said: ‘’The increasingly complex conditions of a demanding market require a very high level of readiness from our entrepreneurs – both in terms of project preparation and investment – which can be achieved much faster with quality support from those who understand economic and technological trends. At our agency, our priority is to continuously provide services that make the portfolios of our companies more innovative, competitive and sustainable. In this regard, this partnership with the EIB, in the form of an investment hub for entrepreneurs, will contribute significantly to improving the quality of their knowledge structure, which can then be used in the process of applying for European Union funding.’’

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.  

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    InvestEU: The InvestEU programme provides the European Union with long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps to crowd in private investment for the European Union’s strategic priorities such as the European Green Deal and the digital transition. InvestEU brings all EU financial instruments previously available for supporting investments within the European Union together under one roof, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. The InvestEU Fund is deployed through implementing partners that will invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.

    Croatia to get EIB guidance on promoting capital markets and business innovation
    Croatia to get EIB guidance on promoting capital markets and business innovation
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    MIL OSI Europe News –

  • MIL-OSI Europe: Denmark: IO Biotech secures up to €57.5 million EIB venture debt to advance cancer vaccine research and development.

    Source: European Investment Bank

    EIB

    • Further support for Denmark’s med-tech sector as IO Biotech boost cancer vaccine research with EIB venture debt financing.
    • IO Biotech will use the financing for its innovative immunotherapeutic cancer vaccine to treat melanoma.
    • The EIB’s financing is backed under the European Commission’s InvestEU initiative.

    Danish med-tech company IO Biotech has signed a €57.5 million venture debt deal with the European Investment Bank. The debt facility includes three committed tranches totalling up to €37.5 million, which will become available if the company satisfies certain conditions, and one uncommitted accordion tranche of €20 million. The clinical-stage biopharmaceutical company is developing novel, immune-modulating cancer vaccine therapies based on an innovative proprietary technology platform. The company will mainly use the financing for the development and market launch of IO102-IO103, an immunotherapeutic cancer vaccine to treat melanoma, with a view to employing the vaccine more broadly against other types of cancer. The EIB financing is supported by the European Commission’s InvestEU programme.

    The EIB financing will, on the one hand, support the finalisation of the clinical development as well as the regulatory approval and market launch of the lead candidate. On the other hand, the financing will also support the development of new product candidates generated through the Company’s platform. The funding is expected to enable IO Biotech to grow from a pure R&D company into a fully-fledged pharma company with products forming the backbone of combination therapy for people with cancer.

    “Innovative European companies not only need capital but also investors willing to take risks, allowing them to scale up and reach commercialization before non-EU investors step in.” said EIB Vice-President Ioannis Tsakiris. “IO Biotech’s groundbreaking technology has the potential to significantly impact healthcare, particularly in oncology. Bringing new pharmaceutical products to market requires substantial investment, especially in the final stages of development. With the support of the European Commission’s InvestEU programme, the EIB is bridging this funding gap, ensuring that cutting-edge European technology can grow, thrive, and benefit patients across the EU.”

    Amy Sullivan, Chief Financial Officer of IO Biotech, commented, “We appreciate the support we have received from the EIB with this transaction. This debt facility will help fund the continued development and pre-commercialization of our therapeutic cancer vaccine candidates generated from our T-Win® platform. This funding comes at a critical time for our company as we approach the results from the phase 3 pivotal study of our lead investigational therapeutic cancer vaccine, IO102-IO103, in the third quarter of 2025.”

    Background information

    The European Investment Bank is the long-term lending institution of the European Union, owned by its Member States. It finances investments that contribute to EU policy objectives. EIB projects bolster competitiveness, drive innovation, promote sustainable development, enhance social and territorial cohesion, contribute to peace and security, and support a just and swift transition to climate neutrality. The Group’s AAA rating allows it to borrow at favourable conditions on the global markets, benefiting its clients within the European Union and beyond. The Group has the highest ESG standards and a tier one capital ratio of 32%.

    The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable economy. It helps generate additional investments in line with EU policy priorities, such as the European Green Deal, the digital transition and support for small and medium-sized enterprises. InvestEU brings all EU financial instruments together under one roof, making funding for investment projects in Europe simpler, more efficient, and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. The InvestEU Fund is implemented through financial partners who invest in projects using the EU budget guarantee of €26.2 billion. This guarantee increases their risk-bearing capacity, thus mobilising at least €372 billion in additional investment.

    IO Biotech is a clinical-stage biopharmaceutical company developing novel, immune-modulating therapeutic cancer vaccines based on its T-win® platform. The T-win platform is based on a novel approach to cancer vaccines designed to activate T cells to target the immunosuppressive cells in the tumor microenvironment. IO Biotech is advancing its lead cancer vaccine candidate, IO102-IO103, in clinical trials, and additional pipeline candidates through preclinical development. IO Biotech is headquartered in Copenhagen, Denmark and has US headquarters in New York, New York.High-quality, up-to-date photos of our headquarters for media use are available here.

    IO BIOTECH (IEU LS)
    IO BIOTECH (IEU LS)
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    IO BIOTECH (IEU LS)
    IO BIOTECH (IEU LS)
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    European Commission logo EN
    European Commission logo
    ©European Commission
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    MIL OSI Europe News –

  • MIL-OSI: Bitget Lists Walrus (WAL) in the Innovation and Web3 Zone

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, March 27, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Walrus (WAL) on its platform. Trading for WAL/USDT will commence on 27 March 2025, 10:00 (UTC), with a deposit available now and a withdrawal available on 28 March 2025, 11:00 (UTC).

    Walrus is a decentralized storage network that stores and delivers raw data and media files, including videos, images, and PDFs. Walrus splits data into small pieces and distributes them across multiple nodes globally, ensuring data availability even in challenging situations.

    Built on the Sui Network with smart contracts, Walrus improves on protocols like Filecoin and Arweave for programmable, scalable storage. Metadata and proof of availability are stored on Sui, allowing users to leverage the composability, expressivity, and security offered by Sui and the Move programming language. Storage capacity can be tokenized and used as a programmable asset, allowing developers to integrate storage with apps on Sui. However, Walrus isn’t limited to Sui, it’s available to builders on other blockchains like Solana and Ethereum.

    The inclusion of Walrus provides an opportunity for users to engage with an innovative decentralized storage project enhancing data security and accessibility. It expands Bitget’s portfolio of assets available in the Innovation and Web3 Zone, underlining the platform’s commitment to offering promising projects which aligns with user needs and decentralized principles of blockchain technology.
    The Walrus listing further enriches the portfolio of assets available in the Innovation and Meme Zone, a segment customized for tokens that show creativity and cultural relevance. Bitget continues to position itself as a hub for innovative digital assets, enabling users to explore new opportunities in a fast-paced and ever-changing market.

    For more information on Walrus (WAL), users can visit here.

    About Bitget
    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, users can contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to the Terms of Use.

    Contact

    Simran Alphonso
    media@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0e0f1dab-b978-4cbd-be2d-b441f546e517

    The MIL Network –

  • MIL-OSI USA: Fischer, Colleagues Request Removal of Burdensome Biden-Era Regulations on Broadband Program

    US Senate News:

    Source: United States Senator for Nebraska Deb Fischer

    Today, U.S. Senator Deb Fischer (R-Neb.), a member of the Senate Commerce Committee and Chair of the Telecommunications and Media Subcommittee, joined Majority Leader John Thune (R-S.D.) in sending a letter to U.S. Secretary of Commerce Howard Lutnick ahead of his review of the Broadband Equity, Access, and Deployment (BEAD) program.

    In their letter, the Senators request that Secretary Lutnick improve implementation of the BEAD program, which is aimed at expanding Internet access to Americans in rural areas and other unserved communities, by removing burdensome Biden-era regulations.

    “As you may be aware, Republican senators have previously raised concerns with the Biden administration’s National Telecommunications and Information Administration (NTIA) and its implementation of the BEAD program,” the Senators wrote. “Specifically, NTIA ignored congressional direction and acted inconsistently with its statutory authority in the Infrastructure Investment and Jobs Act (IIJA), filling the program with onerous regulations that prevented the quick, efficient deployment of broadband and resulted in not a single household being connected to the internet.”

    “Under your leadership, the BEAD program can finally fulfill its long overdue mission and ensure taxpayer dollars are not spent funding extraneous, burdensome regulations,” the Senators continued. “Eliminating these obstacles will empower states to work closely with broadband providers and accelerate deployment, maximize resources, and reach truly unserved and underserved communities without any more delay caused by unnecessary government interference.”

    The letter was also signed by U.S. Senators Ted Cruz (R-Texas), Roger Wicker (R-Miss.), Jerry Moran (R-Kan.), Marsha Blackburn (R-Tenn.), Todd Young (R-Ind.), Ted Budd (R-N.C.), Eric Schmitt (R-Mo.), John Curtis (R-Utah), Bernie Moreno (R-Ohio), Tim Sheehy (R-Mont.), and Cynthia Lummis (R-Wyo.).

    Read the full letter 

    here or below:

    Dear Secretary Lutnick:

    We write to thank you for committing to a rigorous review of the Broadband Equity, Access, and Deployment (BEAD) program.  As you may be aware, Republican senators have previously raised concerns with the Biden administration’s National Telecommunications and Information Administration (NTIA) and its implementation of the BEAD program.  Specifically, NTIA ignored congressional direction and acted inconsistently with its statutory authority in the Infrastructure Investment and Jobs Act (IIJA), filling the program with onerous regulations that prevented the quick, efficient deployment of broadband and resulted in not a single household being connected to the internet.  Therefore, we urge you to remove the Biden-era extraneous regulations as you review the BEAD program to ensure the responsible and effective use of taxpayer dollars. 

    In particular, we encourage you to remove the BEAD program’s restrictive labor requirements that disadvantage rural communities, provisions favoring government-owned networks over private investment, and guidelines that prioritize certain technologies over others and clearly contradict congressional pursuit of tech-neutrality. 

    Furthermore, despite the IIJA’s explicit prohibition on broadband rate regulation, NTIA exceeded its statutory authority and attempted to enact rate regulations anyway.  The inclusion of climate change mandates further diverted funds and focus away from the program’s primary objective of ensuring broadband access for unserved and underserved communities.  These unnecessary bureaucratic barriers slow deployment, increase costs, and ultimately run contrary to the very purpose of the program and should also be removed.  Even the former Director of the BEAD program recently admitted that many of these woke requirements were “inserted by the prior administration for messaging/political purposes” and “never central to the mission of the program.”

    Under your leadership, the BEAD program can finally fulfill its long overdue mission and ensure taxpayer dollars are not spent funding extraneous, burdensome regulations.  Eliminating these obstacles will empower states to work closely with broadband providers and accelerate deployment, maximize resources, and reach truly unserved and underserved communities without any more delay caused by unnecessary government interference.

    Thank you for your time and attention to this important matter.  We appreciate your leadership in reviewing and addressing these concerns, and we look forward to working with you.

    MIL OSI USA News –

  • MIL-OSI Africa: Congo Energy & Investment Forum (CEIF) 2025: Collaboration Key to Achieving 500,000 BPD Target

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

    BRAZZAVILLE, Congo (Republic of the), March 27, 2025/APO Group/ —

    Collaboration was identified as being a key pillar for achieving the Republic of Congo’s oil production goals during a Congo Energy & Investment Forum 2025 panel discussion sponsored by Weatherford – an Associate Sponsor of CEIF 2025. Operators and service providers underscored the value of partnerships in maximizing output at mature fields as well as the need for aligned priorities, including exploration and supply chain development.

    Targeting 500,000 barrels per day (bpd) within the next three years, the Republic of Congo is seeking investment across the upstream sector, from greenfield to brownfield assets. In a keynote address ahead of the panel, Omar Yordi, EUA Product Line Director Production, Digital and Well Services, Weatherford, emphasized the value of mature field development in achieving production goals.

    “It is vital to address field challenges in mature assets, where we work together in collaboration with service providers, plan accordingly and maintain the outcome of the job. The most successful jobs we have undertaken in recent years have been through intrinsic collaboration,” he said.

    Companies active across the broader region have been highly successful in maximizing output at mature fields. According to Osayande Igiehon, CEO of Heirs Energies, the company “doubled its production in Nigeria after taking over an asset in 2021. We used a unique approach called brownfield excellence. Our goals were maximizing oil potential, optimizing facilities and sustainably maximizing production. Today, we have over 90 wells producing.”

    Through collaboration, companies active in Congo can unlock addition value at mature fields. Collaboration will not only enable operators to share risk and reduce working costs, but leverage the expertise of other players to drive projects forward. Antoine Berel, Managing Director Sub-Saharan Africa, Halliburton, said that, “The priority must be to make sure that the cost of operation remains low, to ensure that Congo remains competitive in international markets. Halliburton aims to collaborate to find solutions that maximize the value of producing assets.”

    Yachtze Luchin, President & CEO, Unite Oil & Gas – a Silver Sponsor of CEIF 2025 – added that, “Partnerships are important because no one person by themselves has the answer. When you bring a collective gathering of people together, you give yourself a better chance to be successful.”

    Achieving the target of 500,000 bpd will require a strategic approach, incorporating both investment in frontier exploration as well as field intervention and redevelopment. As one of sub-Saharan Africa’s biggest oil producers, the Republic of Congo has a diverse slate of oilfields, with opportunities in shallow water acreage, onshore blocks and deepwater basins offering enticing prospects for major operators.

    Tim O’Hanlon, Senior Adviser, Panoro Energy, said that “The country has everything: onshore, offshore, big assets, small assets, brownfields, gas and blocks yet to be developed. It has ambitious targets and there is a lot of talent in the oil industry, with cutting edge [solutions].”

    He added that Congo will not achieve its production goals with existing assets alone, but “should promote exploration in new fields. Congo has a lot of potential. What is important is to be flexible and have an attractive fiscal framework. Congo is a safe and pleasant place to work.”

    Echoing these remarks, Jean-Michel Jacoulot, CEO of Trident Energy, said that “If you want to achieve these objectives in three years, we need to focus on exploration prospects that are not far from infrastructure. Congo must promote attractive fields in order to attract investment. We are competing with other countries in the sub-region and Congo needs to promote visibility, transparency and policy.”

    MIL OSI Africa –

  • MIL-OSI Russia: Government meeting (2025, No. 10)

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    1. On the draft federal law “On Amendments to the Federal Law “On Assistance to the Development and Improvement of Management Efficiency in the Housing Sphere and on Amendments to Certain Legislative Acts of the Russian Federation” and Article 2 of the Housing Code of the Russian Federation”

    The bill is aimed at creating a single register of citizens entitled to receive state and municipal support for the purpose of improving their housing conditions.

    2. On amendments to the Resolution of the Government of the Russian Federation of November 18, 2013 No. 1038 (in terms of amendments to the Regulation on the Ministry of Construction and Housing and Communal Services of the Russian Federation)

    The draft resolution proposes to grant the Russian Ministry of Construction the authority to adopt, among other things, standard additional professional programs in the field of construction and housing and public utilities.

    3. On amending the Resolution of the Government of the Russian Federation of March 16, 2009 No. 228 (in terms of amending the Regulation on the Federal Service for Supervision of Communications, Information Technology and Mass Media)

    The draft act provides for amendments to include in the scope of Roskomnadzor’s powers the area related to counteracting the financing of extremist activities.

    4. On Amendments to Certain Acts of the Government of the Russian Federation (in terms of amendments to the Regulation on the Federal Service for Supervision of Communications, Information Technology and Mass Media)

    The draft act is aimed at bringing the Regulation on the Federal Service for Supervision of Communications, Information Technology and Mass Media and the Regulation on the Ministry of Digital Development, Communications and Mass Media of the Russian Federation into line with the provisions of Federal Law No. 158-FZ of June 22, 2024 “On Amendments to the Federal Law “On Information, Information Technology and Information Protection” and Articles 11 and 15 of the Federal Law “On the Activities of Foreign Persons in the Information and Telecommunications Network “Internet” on the Territory of the Russian Federation”.

    5. On the draft federal law “On Amendments to Certain Legislative Acts of the Russian Federation”

    The bill is aimed at introducing changes to the legislation of the Russian Federation that will allow widows (widowers) of participants in a special military operation to continue to use vehicles owned by their spouses during the period before the inheritance is accepted.

    6. On the draft federal law “On Amendments to the Federal Law “On Limited Liability Companies””

    The adoption of the bill will facilitate the expansion of the principle of discretion for participants in entrepreneurial activity, and will also allow for the optimization of the economic activity of companies in terms of determining the actual value of a participant’s share in the company, bypassing possible legal proceedings.

    7. On the draft federal law “On Amendments to the Federal Law “On Combating the Legalization (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism” and the Federal Law “On Special Economic Measures and Coercive Measures”

    The bill is aimed at improving the system of freezing (blocking) funds or other property as one of the elements of the state system of countering terrorism and the application of special economic measures.

    8. On amendments to the Resolution of the Government of the Russian Federation of June 19, 2012 No. 610 (in terms of amendments to the Regulation on the Ministry of Labor and Social Protection of the Russian Federation)

    The draft act is aimed at bringing the situation into line with current legislation.

    9. On amending the Resolution of the Government of the Russian Federation of November 11, 2015 No. 1219 (in terms of amending the Regulation on the Ministry of Natural Resources and Environment of the Russian Federation)

    The draft act is aimed at granting the Ministry of Natural Resources of Russia the authority to approve risk indicators for violation of mandatory requirements applied by Rosprirodnadzor in the implementation of federal state land control (supervision).

    10. On amending the Resolution of the Government of the Russian Federation of November 7, 2016 No. 1140 (in terms of suspending the effect of certain clauses of the Regulation on the Ministry of Agriculture of the Russian Federation and the Regulation on the Federal Service for Veterinary and Phytosanitary Surveillance)

    The draft act is aimed at bringing the Rules for the creation, development and operation of the Federal State Information System in the field of veterinary medicine into line with the Federal Law of December 26, 2024 No. 496-FZ “On Amendments to the Law of the Russian Federation “On Veterinary Medicine” and Article 2 of the Federal Law “On Amendments to Article 14 of the Law of the Russian Federation “On Veterinary Medicine””, as well as suspending the effect of certain provisions of Government acts.

    Moscow, March 26, 2025

    The content of the press releases of the Department of Press Service and References is a presentation of materials submitted by federal executive bodies for discussion at a meeting of the Government of the Russian Federation.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI USA: Kennedy, Shaheen champion bipartisan bill to support Louisiana rural small businesses’ access to capital

    US Senate News:

    Source: United States Senator John Kennedy (Louisiana)
    WASHINGTON – Sen. John Kennedy (R-La.), a member of the Senate Banking Committee, joined Sen. Jeanne Shaheen (D-N.H.) in reintroducing the Coordinated Support for Rural Small Businesses Act, which the Senate Small Business Committee today voted to advance to full Senate consideration.
    The bill would direct the Small Business Administration (SBA) to designate an Assistant Administrator for its Office of Rural Affairs and codify cooperation efforts between the SBA and the U.S. Department of Agriculture (USDA) to improve support for rural small businesses.
    “Louisiana’s small businesses provide good paying jobs to folks throughout our state and support local economic growth. I’m thankful to my colleagues for advancing this bill to improve support for job creators, and I look forward to full Senate consideration,” said Kennedy.
    “Small businesses are the backbone of rural communities but often face higher barriers to accessing federal programs and resources that would help them thrive. I’m pleased that my colleagues on the Small Business Committee cleared the way for our bipartisan bill to increase coordination between federal agencies—bringing us one step closer to delivering more support for rural small businesses across the country,” said Shaheen.
    The Coordinated Support for Rural Small Businesses Act would direct SBA and USDA to convene working groups to:
    Identify areas of partnership between the two agencies’ loan programs, including both large programs like 7(a) and smaller microloan programs. 
    Assess where SBA and USDA can coordinate in delivering resources through lenders, resource partners like Small Business Development Centers and others.
    Coordinate SBA’s Small Business Investment Company program and USDA’s Rural Business Investment Company program.
    Share best practices among the two agencies, rural economic development groups and others and evaluate how cooperatives can access SBA programs.
    Collaborate on technical assistance with procurement, exports and innovation.
    The bill text is available here.

    MIL OSI USA News –

  • MIL-OSI Security: Marrero Bookkeeper Sentenced for Fraud and Tax Charges

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

    NEW ORLEANS, LA – ActingUnited States Attorney Michael M. Simpson announced that MARY B. KATICICH (“KATICICH”), age 64, of Marrero, La., was sentenced on March 25, 2025, for wire fraud, in violation of Title 18, United States Code, Section 1343, and for making and subscribing a false tax return, in violation of Title 26, United States Code, Section 7206(1).

    According to court documents, KATICICH used her position as bookkeeper for a Belle Chasse, Louisiana-based company, to fraudulently divert funds for her own benefit, from the company’s bank accounts.  KATICICH also purchased personal items using company funds.  Further, KATICICH willfully filed a tax return for tax year 2016, that she did not believe to be true and correct, because it failed to report approximately $120,190.58 of income.

    United States District Judge Susie Morgan sentenced KATICICH to one year and one day in prison to be followed by (3) three years of supervised release.  KATICICH was ordered to pay restitution in the amount of $439,650.51 to the owner of the company and $28,612.45 to the Internal Revenue Service.  Judge Morgan also imposed a mandatory special assessment fee of $100.

    The U.S. Attorney’s Office would like to acknowledge the assistance of the Federal Bureau of Investigation, the Internal Revenue Service, and the Plaquemines Parish Sheriff’s Office in investigating this matter.  The prosecution of this case is being handled by Assistant U.S. Attorney Maria M. Carboni of the Financial Crimes Unit.

    MIL Security OSI –

  • MIL-OSI: Global Policy Advisors Releases Report on Rare Earths, U.S. Sovereign Wealth Fund, and the Expanding Role of the Development Finance Corporation

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 27, 2025 (GLOBE NEWSWIRE) — Global Policy Advisors LLC (GPA), a recognized authority on sovereign wealth strategies and institutional investment frameworks, has released a new SWF 2050™ report titled “Strategic Metals, Rare Earths: The Role of Development Finance Corporation in a Resource-Backed U.S. Sovereign Wealth Fund.”

    The report examines how critical minerals and rare earths—highlighted in the March 20, 2025 Executive Order titled “Immediate Measures to Increase American Mineral Production”—may serve as funding anchors for a proposed U.S. sovereign wealth fund. While the Executive Order does not directly reference a SWF, GPA’s analysis identifies strong signals pointing toward the development of a resource-backed sovereign investment platform.

    The study also outlines the emerging role of the U.S. International Development Finance Corporation (DFC), particularly the agency’s CEO, who has been tasked by the Executive Order to coordinate with the Departments of Energy, Defense, Interior, and State on critical mineral strategy—positioning the DFC as a likely institutional steward for sovereign capital deployment.

    “As the policy environment evolves, we see the alignment of strategic metals, interagency investment coordination, and sovereign capital as more than coincidental—it’s directional,” said Global Policy Advisors president and sovereign wealth fund expert Salar Ghahramani. “The DFC is uniquely positioned to anchor a future U.S. sovereign wealth fund at the intersection of national interest and market access.”

    Key topics covered in the report include:

    • The Executive Order’s use of the Defense Production Act as a tool for industrial and financial policy
    • Revenue models for a SWF based on mineral royalties and federal land leases
    • Ukraine’s rare earth potential and its broader geopolitical investment context
    • How the DFC could house a sovereign wealth fund and engage external managers
    • Market implications for asset managers, private equity, and strategic supply chains

    Read the summary of the report here:

    https://www.globalpolicyadvisors.com/swf-2050trade/strategic-metals-rare-earths-the-role-of-development-finance-corporation-in-a-resource-backed-us-sovereign-wealth-fund

    About Global Policy Advisors

    Global Policy Advisors® LLC is a boutique sovereign wealth fund advisory to corporations, boards of directors, and institutional investors—including hedge funds, private equity firms, pension funds, and SWFs. GPA’s ​expertise is delivering actionable insights, strategy sessions, and executive briefings on the governance, operations, and investment strategies of sovereign wealth funds.

    The MIL Network –

  • MIL-OSI Global: Why Serena Williams joining the WNBA’s Toronto Tempo as a part-owner is so important for women’s sports

    Source: The Conversation – Canada – By Treisha Hylton, Assistant Professor, Faculty of Social Work, Wilfrid Laurier University

    Tennis legend Serena Williams is now part of the ownership group of the Toronto Tempo, marking a significant moment for women’s professional sports. The Toronto Tempo is set to kick off their inaugural WNBA season in 2026 and her involvement will help secure the longevity, success and impact the team.

    There has never been a better and more exciting time to be a fan, advocate and researcher of women’s professional sports. Momentum continues to build toward the ultimate goal of achieving equity in sports, and it’s clear that real progress is being made.

    Back in 2023, I attended the first WNBA exhibition game in Canada at Scotiabank Arena. The overwhelming support and enthusiasm made it clear that Toronto was ready to embrace and support women’s professional sports. Fast forward three years, and that vision is fast becoming a reality.

    Women’s professional sports are at an all-time high. Canada’s first professional women’s soccer league set to commence its inaugural season in April, the WNBA continues to expand and the Professional Women’s Hockey League keeps setting attendance records.

    Across the board, media coverage is skyrocketing for women’s sports. Opportunities for women and girls in sport have never been greater. All this and Williams’ investment in the Toronto Tempo is a fitting milestone to celebrate during Women’s History Month.

    A new era for women’s sports

    Williams is a trailblazer and widely considered one of the greatest tennis players of all time. She dominated tennis for years, made history and broke barriers, all while proudly being herself in the face of discrimination, blatant double standards and constant ridicule.

    She stands as an example of excellence and perseverance in women’s sports and social justice.

    Williams is a role model for many Black women and girls, athletes and non-athletes alike. Her new role as a part-owner of the Toronto Tempo holds just as much significance as her ground-breaking career in tennis. Now, she is once again paving the way by demonstrating how women, particularly Black women, can break into leadership positions in professional sports.

    Williams highlighted the significance of her new role, stating:

    “This moment is not just about basketball. It is about showcasing the true value and potential of female athletes. I have always said that women’s sports are an incredible investment opportunity.”

    Her commitment to advancing women’s sports is nothing new. Williams is also a founding owner of the National Women’s Soccer League’s Angel City FC. The WNBA, and other sports leagues, need more women like Williams in ownership and executive positions to drive real change.

    Despite the progress made toward equity in women’s professional sports, there is still a staggering difference in pay and representation in leadership roles.

    A glaring example is tennis star Coco Gauff, the highest-paid woman athlete of 2024, who didn’t even make it into the top 100 highest-paid athletes. This highlights the persistent gap in earnings and need for continued advocacy for pay equity in professional sports.

    Black women in sport leadership

    Black women remain vastly underrepresented in sports leadership roles, including as owners, CEOs, coaches and presidents. In the WNBA, where 70 per cent of the players are Black, there is currently only one Black woman head coach.

    There is a clear need for meaningful representation at all levels of the game. Leadership must reflect the diversity of the athletes on the court.

    For the WNBA and other women’s professional sports leagues to achieve equity, Black women must be better represented in leadership positions. The focus needs to go beyond token representation toward true representation to inspire future generations of young Black girls.

    Serena Williams’ investment in the Toronto Tempo is a step in the right direction. Equally significant is the appointment of Monica Wright Rogers, a former collegiate player and experienced executive, as the team’s new general manager.

    Together, Williams and Rogers represent the progress being made toward better representation of Black women in leadership roles.

    Elevating women’s sports

    The fight for racial and gender equality in sports is far from finished. The Toronto Tempo is a business first, and centring community must be part of its investment strategy.

    The Tempo must prioritize building connections with grassroots organizations and ensure racialized girls and women have access to opportunities in coaching, community spaces and building life-sports synergy skills.

    I’ve always believed grassroots organizations are the beating heart of sports, laying the foundation for the next generation of athletes and role models. Without them, many young girls would never get the chance to see themselves in the game. Two organizations that are community development-focused are Lady Ballers Centre and Black Girl Hockey Club.



    Read more:
    Women’s sports are thriving in Canada — here’s how to ensure it stays that way

    The Tempo must reject the notion that success and equity in sports can be represented by just one story. While Williams’ journey is undeniably inspiring, it cannot be the sole narrative that defines progress in women’s sports. Instead, a multitude of stories, particularly those of Black and racialized women across all levels of sport, must be uplifted.

    Investing in women’s sports isn’t just the right thing to do, but is also beneficial for society as a whole. Women athletes have consistently proven they deserve professional sports leagues, pay equity, endorsement deals, equal media coverage and better sporting facilities. Supporting this movement is the right direction for the Tempo.

    Williams’ experience and commitment to women’s sports make her an ideal fit for ownership. Toronto fans are ready, and there’s little doubt the first Tempo games will be sold out. I, for one, am excited to attend the inaugural game in 2026. Let’s go Tempo!

    Treisha Hylton does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Why Serena Williams joining the WNBA’s Toronto Tempo as a part-owner is so important for women’s sports – https://theconversation.com/why-serena-williams-joining-the-wnbas-toronto-tempo-as-a-part-owner-is-so-important-for-womens-sports-252592

    MIL OSI – Global Reports –

  • MIL-OSI USA: ICE arrests 72 criminal aliens during week-long multi-agency operation in the Rio Grande Valley

    Source: US Immigration and Customs Enforcement

    HARLINGEN, Texas – U.S. Immigration and Customs Enforcement, with assistance from federal, state and local law enforcement partners, arrested 72 illegal aliens – including 61 criminal aliens and two documented gang members – during a targeted enforcement operation conducted from March 16 to 22 in the Rio Grande Valley area to bolster public safety, national security and border security.

    ICE and its partners arrested 72 illegal aliens during the operation charged or convicted of a criminal offense while illegally present in the U.S., including:

    • Two criminal aliens charged or convicted of an aggravated felony or other violent offense such as homicide, aggravated assault, or domestic violence
    • Three criminal aliens charged or convicted of a sex offense or child sex offense such as aggravated sexual assault of a minor, possession of child pornography, or rape
    • One criminal alien convicted of illegal firearms offenses such as unlawful carrying of a firearm, alien in possession of a firearm and aggravated assault with a firearm
    • Eight criminal aliens charged or convicted of illicit narcotics offenses such as drug trafficking, or possession of a controlled substance
    • Four criminal aliens charged or convicted of burglary or theft
    • Seven criminal aliens charged or convicted of driving while intoxicated
    • Seven criminal aliens charged or convicted of alien smuggling 8 USC 1324
    • Fourteen criminal aliens charged or convicted of felony 8 USC 1326
    • Thirteen criminal aliens charged or convicted of 8 USC 1325
    • One criminal alien charged or convicted of fraud
    • One criminal alien charged or convicted of soliciting prostitution

    “The results of this operation are a clear indication of ICE’s commitment regarding the role we play in keeping our communities safe by locating, arresting and ultimately removing at-large criminal aliens who pose a threat to public safety, and other immigration fugitives,” said ICE Enforcement and Removal Operations Harlingen acting Field Office Director Robert Cerna. “ICE’s leadership has made clear that ICE will no longer exempt classes or categories of removable aliens from potential enforcement. All those in violation of our immigration laws may be subject to immigration arrest, detention and – if found removable by final order – removal from the United States. By effecting these routine enforcement operations, the dedicated men and women of ICE help keep our communities safe.”

    “ICE assisted in the arrest of criminal aliens with extensive criminal histories, including offenses such as child sex crimes, drug trafficking, weapons trafficking, and other serious violations,” said ICE Homeland Security Investigations San Antonio Special Agent in Charge Craig S. Larrabee. “Through strong partnerships with federal, state and local law enforcement, ICE remains committed to protecting South Texas communities by targeting criminal aliens who pose a threat to public safety. These coordinated efforts ensure dangerous individuals are removed from our neighborhoods, upholding the rule of law, and safeguarding our citizens.”

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

    MIL OSI USA News –

  • MIL-OSI: XRP Community Goes All in on XploraDEX, The First AI-Powered DEX Sparks Presale Frenzy as Traders Race for $XPL

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, March 27, 2025 (GLOBE NEWSWIRE) — XploraDEX, the first-ever AI-powered decentralized exchange built on the XRP Ledger, has officially kicked off its $XPL presale and the crypto world is taking notice.

    With wallet data confirming early participation from XRP whales and DeFi strategists, the project is gaining momentum as a potential 100x breakout play in 2025. The $XPL Presale has become the go-to event for XRP holders looking for real innovation, real utility, and real returns.

    Why XploraDEX Has Everyone Talking

    XploraDEX isn’t offering recycled DeFi mechanics. It’s delivering something brand new:

    • AI That Trades Smarter Than You – Machine learning models that analyze markets in real-time and execute trades with precision
    • Built for XRPL Speed – Sub-second settlement, micro-fees, and scalability to rival any chain
    • Smart Liquidity Management – AI constantly optimizes routing and pool balancing to protect against slippage
    • A Dashboard That Thinks – Predictive analytics, volatility alerts, and high-probability setups built into every user’s toolkit

    This isn’t just a new DEX—it’s the first intelligent trading platform ever built for XRP users.

    BUY $XPL TOKENS ON PRESALE

    With presale prices significantly lower than projected listing levels, $XPL offers investors early access to an ecosystem designed for long-term adoption.

    Presale Is Filling Fast – Here’s Why You Need In Now

    XRP’s top traders and communities are already talking. Influencers are watching. The market is preparing. If you’ve been waiting for the next big DeFi opportunity on XRPL—this is it.

    Presale Highlights:

    • Discounted $XPL pricing for early supporters
    • Exclusive access to beta AI tools at launch
    • Extra rewards for early stakers and liquidity providers
    • Community voting rights from Day 1

    $XPL Pre-Sale Round is Live!

    The XPL Token Presale is already attracting major interest, early investors will gain first-mover advantages!

    Buy $XPL Tokens Now: https://sale.xploradex.io

    Whales are already accumulating. You don’t want to be late.

    Conclusion: The Future of XRP Trading Starts Now

    We’re entering a new era one where traders don’t just react to markets… they stay ahead of them. XploraDEX is building that future with AI and XRP at its core. Whether you’re a seasoned DeFi pro or a newcomer ready to go beyond basic swaps, $XPL is your chance to get in early on the next trading evolution.

    Join the $XPL Presale Today: https://sale.xploradex.io

    Stay connected and Join the XploraDEX AI Revolution

    Website | $XPL Token Presale | X | Telegram

    Contact:
    Oliver Muller
    oliver@xploradex.io
    contact@xploradex.io

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

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.

    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a33af546-f13f-470e-9ef0-59b1563faee7

    The MIL Network –

  • MIL-OSI: Dominican Republic: A Global Benchmark for Investment

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, March 27, 2025 (GLOBE NEWSWIRE) — In a global context marked by increasing economic uncertainty and market volatility, the Dominican Republic is consolidating itself as a global benchmark for foreign investment, especially for companies seeking new destinations from which to operate to reduce costs, mitigate risks, and strengthen the resilience of their supply chains.

    With a GDP growth of 5.0% in 2024, the highest in all Latin America and the Caribbean, the country remains one of the most dynamic, outperforming larger economies. For the coming years, this impressive dynamism is expected to continue, with IMF growth projections of 4.5% and 5.1% for 2025 and 2026, respectively, driven by solid political and social stability, a robust financial system, and favorable economic policies for business development. This extraordinary performance has also strengthened the confidence of international investors, reflected in the improvement of the country’s credit rating by major rating agencies such as S&P Global and Fitch Ratings.

    A Media Snippet accompanying this announcement is available by clicking on this link.

    Thus, beyond its idyllic landscapes, the Dominican Republic has managed to establish itself as a key destination for Foreign Direct Investment (FDI). In 2024, according to the United Nations Conference on Trade and Development (UNCTAD), FDI in the country increased by 7.1%, representing 41% of the capital flows captured by Central America.

    The Dominican Republic Industrial Tech revolution is no longer a secret – it’s a movement. This dynamic shift is not only transforming the country’s industrial landscape but is also positioning the Dominican Republic as a central hub for technological innovation, creating exciting opportunities for growth and international partnerships.

    Global companies continue to choose the Dominican Republic to relocate their operations in key sectors such as medical and pharmaceutical products, electrical and electronic devices, textile manufacturing, tobacco and its derivatives, jewelry, among others. Clearly, this outlook shows that nearshoring is not an emerging trend, but a reality in the country. We’ve seen how innovation, investment, and talent are transforming the nation into a powerhouse of technological advancement.

    Free Zones in the Dominican Republic: Engine of Economic Diversification and Nearshoring

    The growing interest in creating more resilient, sustainable, and closer supply chains to end consumer markets has made nearshoring a key competitive strategy for companies. In this context, the Dominican Republic, located just two hours by air and two days by sea from the United States, offers multiple competitive advantages:

    • Geographic proximity to the world’s largest consumer markets.
    • Legal security and clear, predictable rules of the game.
    • Top-level connectivity and logistics infrastructure, with 8 international airports, 18 seaports, 5 logistics centers, and 33 logistics operator companies. This infrastructure includes ports that have positioned themselves as important terminal operators, playing a strategic role in the sustainability of global supply chains.
    • Several Free Trade Agreements, including DR-CAFTA and EPA, which open the doors to more than 900 million potential consumers worldwide.
    • Competitive operational costs.

    These extraordinary advantages, combined with the attractive tax incentives offered by the Free Zones Regime, make the Dominican Republic an unbeatable investment destination for companies looking to relocate or expand their manufacturing operations.

    Free Zones, which have been successfully implemented for over half a century without modifications, have played a crucial role in the industrial and social development of the country, attracting the attention of global companies, including those on the Fortune 500 list, and consolidating themselves as a key pillar of the economy. Their main benefits include:

    • 100% tax exemptions on national and local taxes.
    • Access to a skilled and competitive workforce, with experience in advanced manufacturing processes.
    • Specialized training and development programs.
    • Simplified customs processes that streamline export logistics.
    • Competitive wage structures tailored to the Free Zones Regime.
    • Parks Operators which offer business services and solutions to facilitate the operations of Free Zones companies.

    Clearly, this is an exceptional regime for companies interested in developing operations with certainty and predictability, strengthening their supply chains, and successfully navigating disruptions and changes in the global environment.

    About the Ministry of Industry, Commerce, and MSME’s (MICM)
    MICM is the government agency responsible for the formulation, adoption, monitoring, evaluation, and control of policies in the fields of industry, exports, foreign trade, free zones, special regimes, and SMEs.

    Contact Information

    Ministry of Industry, Commerce, and MSME’s (MICM)
    Vice Ministry of Free Zones and Special Regimes
    (1) 809-685-5171 ext. 1017
    www.micm.gob.do

    For more information, visit:
    www.drfreezones.com

    The MIL Network –

  • MIL-OSI: Rate Surpasses $65M in VA Loan Fee Waivers, Strengthening Commitment to Veterans

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 27, 2025 (GLOBE NEWSWIRE) — Rate, a leader in fintech mortgage solutions, has reaffirmed its commitment to veterans by waiving over $65 million in VA loan lender fees since launching its initiative on May 1, 2018. This effort has helped over 47,000 veterans secure home financing without unnecessary costs, making Rate one of the few lenders in the country actively reducing barriers to homeownership for military families.

    “This is what leadership looks like. While others talk about serving veterans, we’ve taken real action—waiving more than $65 million in fees to make homeownership more accessible for the people who’ve served our country. It’s not just about the number. It’s about doing what’s right every single day. We’re proud to lead the industry with transparency, fairness, and a commitment to the families who’ve given so much,” said Victor Ciardelli, CEO and President, Rate Companies.

    “Many lenders claim to prioritize veterans, but some engage in misleading practices that drive up costs,” said Jennifer Beeston, EVP of Mortgage Lending at Rate. “We’re taking a stand by eliminating fees and ensuring veterans get the fair, affordable home financing they deserve.”

    By the Numbers: Rate’s Impact on VA Lending

    • $65,289,930 in lender and application fees waived (2018–2025).
    • 47,617 VA loans closed with fees waived.
    • $0.31 per second waived—every second of every day since the program began.
    • Goal for 2025: Waive an additional $20 million in lender fees.

    A Stark Contrast: Rate vs. Competitor Practices

    Unlike lenders who charge veterans thousands in unnecessary fees, Rate has led with transparency, affordability, and education. The company’s ongoing efforts include:

    • Public education to expose misleading VA loan claims.
    • Direct savings of up to $1,640 per loan for veterans and their families.
    • Continued momentum, with over $18M waived in 2023 and 2024 combined, and a goal of $20 million in 2025.

    As VA lending remains a critical pathway to homeownership for service members, Rate is calling on the industry to do better. Jennifer Beeston is available to discuss veteran lending best practices, industry trends, and real-life examples of how Rate’s fee waivers are making a difference.

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

    Media Contact
    press@rate.com

    Operating as Guaranteed Rate, Inc. in New York.

    Guaranteed Rate, Inc. D/B/A Rate; NMLS #2611. For licensing information visit nmlsconsumeraccess.org. Equal Housing Lender. Subject to approval. Conditions may apply.

    Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Refinancing your mortgage may increase costs over the term of your loan. Restrictions may apply.

    Rate has no affiliation with the U.S. Department of Housing and Urban Development, the U.S. Department of Veterans Affairs, the U.S. Department of Agriculture, or any other government agency.

    The MIL Network –

  • MIL-OSI Global: Investment in the Hundred could save UK cricket from a financial sticky wicket

    Source: The Conversation – UK – By Robbie Millar, Lecturer, Academy of Sport, Sheffield Hallam University

    English cricket, up in the air? Brian A Jackson/Shutterstock

    Cricket is an old sport that has evolved over centuries. But 2025 is shaping up to be a historic – and lucrative – year for the game in England and Wales.

    For the first time, private equity investment has entered the domestic game, changing the business structure of professional cricket forever. The source of this corporate interest – worth around £550 million – is the league of eight teams known as the Hundred.

    Established in 2021 by the England and Wales Cricket Board (ECB), the focus of the Hundred was appealing to new audiences who have not engaged with cricket before.

    It is a much shorter format than traditional forms of the game such as the four-day County Championship competition, or the One Day Cup, which is made up of 50 overs (300 balls) per side.

    With the Hundred, each side gets 100 balls to bowl at their opponent’s wickets. The highest number of runs wins. It’s very simple. And entertaining.

    Not everyone is a fan of course, and there has been criticism of the tournament’s design, its addition to an already congested cricket calendar, and the fact that only eight of the 18 county cricket clubs (CCCs) are involved.

    But the ECB stood firm. And given the recent investment into the Hundred, it will no doubt feel vindicated.

    Because the cash is sorely needed. Our research shows that CCCs have struggled financially for a while, and are overdue an economic boost.

    To help with this, the Hundred started off with the ECB owning all eight teams or “franchises” in the league. Now it has sold 49% of each franchise and gifted the remaining 51% to each Hundred-hosting county.

    So now, for example, 51% ownership of the Oval Invincibles is in the hands of Surrey CCC. Each hosting county was then given the option of selling their share – and so far Yorkshire and Lancashire have done just that.

    The total sale of the franchises has generated £550 million, far exceeding expectations. From that, 10% (£55 million) will be ringfenced by the ECB to invest in measures to increase participation in cricket throughout England and Wales.

    A slightly complicated division of the rest of the spoils then basically leaves each Hundred-hosting county cricket club with £18 million (plus the 51% ownership of the franchise). The non-hosting CCCs will receive around £32 million each.

    For context, in 2023, Surrey CCC had the highest revenue at £65 million, while Leicestershire had the lowest at £5.5 million. So a one-off injection of £18 million would represent significant growth for clubs across the scale.

    Not cricket?

    But it’s not all good news, as the influence of private equity may cause internal conflicts about a CCC’s strategy. For while the ECB has said it will remain in control of the Hundred as a competition, the primary goal of the franchise sales is to achieve a return for investors.

    This will probably mean that the Hundred is prioritised over the other formats of domestic cricket – and even international commitments. As many of the high-profile players play across the different formats, they will need to manage their schedules and are likely to choose whatever brings the greatest financial rewards.

    And while the ECB has hinted at increasing the number of franchises in the future, the worry will still be that some clubs benefit more than others.

    More traditional fans may feel alienated.
    Graeme Dawes/Shutterstock

    Yet investment in the future is essential if cricket is to remain relevant and appeal to new audiences. There are already suggestions that Gen Z prefers other sports such as basketball and boxing, over cricket.

    Investment must also be used to improve stadium infrastructure and facilities, to attract good crowds and to generate the superstars of the future. But the influx of money means the Hundred is likely to dominate the broadcast schedule, and prioritising the tournament in this way may alienate some more traditionally minded fans.

    The commercial interest now stretches towards international markets and other sports. Four of the investment groups now involved in the Hundred are owners of Indian Premier League cricket franchises, while others are linked to the worlds of professional football (Birmingham Phoenix and Birmingham City FC) and Silicon Valley (London Spirit).

    Eventually, this could lead to increasing levels of commercialisation, of the kind sports fans have become accustomed to within English Premier League football.

    Overall then, cricket fans may look back on 2025 as a year of major change in the sport in England and Wales. Success is far from guaranteed but the early indications, especially with regards to finance, are overwhelmingly positive.

    And that was probably the point of the whole exercise. It might not be cricket as it used to be – but as with other sports today, many of the biggest decisions come down to whether or not they make money.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Investment in the Hundred could save UK cricket from a financial sticky wicket – https://theconversation.com/investment-in-the-hundred-could-save-uk-cricket-from-a-financial-sticky-wicket-244989

    MIL OSI – Global Reports –

  • MIL-OSI Security: Happy Valley-Goose Bay — RCMP Labrador District GIS arrests two individuals for drug offences, thanks public for providing information

    Source: Royal Canadian Mounted Police

    Thanks to information received from the public, two individuals, 42-year-old Nachelle Nuna and 35-year-old Brent Diamond, were arrested on March 21, 2025, for possession for the purpose of trafficking cocaine at a traffic stop by RCMP Labrador District General Investigation Section (GIS).

    Last Friday evening, with the support of Sheshatshiu RCMP, a traffic stop was conducted by Labrador District GIS in Sheshatshiu. Nuna and Diamond were arrested. Inside the vehicle, officers located and seized a quantity of suspected crack cocaine, cash, and other items consistent with possession for the purpose of trafficking.

    The pair were released from custody and are set to appear in court at a later date, each to face charges of possession for the purpose of trafficking cocaine and possession of cocaine.

    The investigation is continuing.

    RCMP Labrador District GIS is dedicated to the enforcement of drug related crimes throughout the Labrador region of the province.

    If you are a resident of the Labrador region of the province and suspect drug trafficking in your community, Labrador District GIS wants to talk to you. You can remain anonymous by calling the Happy Valley-Goose Bay detachment directly at 709-896-3383 and requesting to speak to a police officer with Labrador District GIS.

    MIL Security OSI –

  • MIL-OSI Security: Albuquerque Man Pleads Guilty to Federal Charges for 2023 Crime Spree

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

    strong>ALBUQUERQUE – An Albuquerque man pleaded guilty in federal court to multiple robbery and firearms charges for a crime spree in the summer of 2023.

    According to court records, between July 11, 2023, to September 16, 2023, Demetrius Antonnie Bailey, 41, engaged in a series of armed robberies targeting retail stores in Albuquerque. Bailey and his accomplice conspired to commit robberies at Harbor Freight Tools, multiple Metro by T-Mobile locations, a T-Mobile store, a Verizon store, and a JC Penney. During these robberies, they threatened and overpowered store employees and security to steal merchandise and cash. In each robbery, a replica firearm or a real handgun was brandished to intimidate store employees and security personnel. The stolen items included electronics, cellular phones, cash, and clothing valued at tens of thousands of dollars.

    Bailey pleaded guilty to 10 counts, including interference with commerce by robbery, brandishing a firearm in furtherance of a violent crime, and possession of a firearm as a convicted felon. His offenses also included knowingly participating in violent retail thefts. At sentencing, if the district court accepts the plea agreement, Bailey faces not less than ten years and up to twenty-two years in prison followed by five years of supervised release.

    Acting U.S. Attorney Holland S. Kastrinand Raul Bujanda, Special Agent in Charge of the FBI Albuquerque Field Office, made the announcement today.

    The FBI Albuquerque Field Office investigated this case with assistance from the Albuquerque Police Department. Assistant U.S. Attorneys Maria Elena Stiteler and Natasha Moghadam are prosecuting the case.

    MIL Security OSI –

  • MIL-OSI Security: Two Former VA Employees Plead Guilty To Conspiracy To Commit Honest Services Wire Fraud

    Source: Office of United States Attorneys

    GREENEVILLE, Tenn. – On March 26, 2024, Monika D. Schorer, 59, of Jonesborough, Tennessee, and Teresa Schorer, 59, of Jonesborough, Tennessee, entered guilty pleas to conspiracy to commit honest services wire fraud before the Honorable Clifton L. Corker, United States District Judge in the United States District Court at Greeneville.                  

    Each defendant faces a term of up to 20 years in Federal prison, $250,000 in fines, and supervised release of three years.  Under their written plea agreements, each defendant has agreed to pay restitution in the amount of $213,154.50 for a combined total of $426,309.  Sentencing for Monika Schorer has been set for July 23, 2025, at 10:00 a.m. and sentencing for Teresa Schorer’s has been set for July 23, 2025, at 11:00 a.m., both before Judge Corker in the United States District Court at Greeneville.

    According to their plea agreements, which have been filed with the court, each woman worked for the James H. Quillen VA Medical Center in Mountain Home, Tennessee, and each accepted cash bribe payments from individuals who worked as a surgical sales representative for an independent distributor of a nationwide orthopedic company that manufactured replacement joints and products used during surgeries in which those joints were implanted.  The sales representatives routinely sold products to the VA Medical Center where the women worked.  According to the filed plea agreements, the sales representatives (who have previously entered guilty pleas) formed a separate company in June 2018 and began selling their own acquired inventory to the VA at inflated prices or when not medically necessary, resulting in losses to the VA.  By their written plea agreements, each defendant agreed that they conspired and accepted cash bribe payments from the sales representatives of $9,900 each in September 2018 and $7,000 each in October 2018 for their agreement to commit, collude, and aid in the fraud against the VA.   

    U.S. Attorney Francis M. “Trey” Hamilton III of the Eastern District of Tennessee; Nate Landkammer, Special Agent-in-Charge, Mid Atlantic Field Office, VA Office of the Inspector General; Elisa Pellegrini, Special Agent-in-Charge, General Services Administration (GSA) Office of the Inspector General, Mid-Atlantic Division; and Donald “Trey” Eakins, Special Agent-in-Charge, Internal Revenue Service – Criminal Investigation (IRS-CI), made the announcement.

    This prosecution is the result of an investigation by the VA Office of the Inspector General, GSA Office of the Inspector General, and the IRS.

    Assistant United States Attorneys Mac D. Heavener, III, and Ryan Blackwell, represent the United States.

                                                                                                                   ###

    MIL Security OSI –

  • MIL-OSI: Phyllis Nomura Promoted to Chief Financial Officer of First Fed Bank and First Northwest Bancorp

    Source: GlobeNewswire (MIL-OSI)

    PORT ANGELES, Wash., March 27, 2025 (GLOBE NEWSWIRE) — First Northwest Bancorp (NASDAQ: FNWB) and its subsidiary First Fed Bank (collectively the “Company”), today announced the promotion of Phyllis Nomura to Executive Vice President and Chief Financial Officer of First Fed. She will also serve as EVP/CFO and as Treasurer for First Northwest. Nomura joined First Fed as Senior Director of Accounting in November 2024.

    “We are excited to welcome Phyllis to our executive team. She was hired in 2024 as part of our management succession plan and brings over 30 years of experience in accounting, finance, and audit. Her leadership skills and experience are a meaningful addition to our team,” said Matt Deines, President and CEO of FNWB and First Fed.

    “I am deeply honored to step into the role of Chief Financial Officer. In the time I have been a part of this incredible team, I’ve witnessed first-hand our unwavering commitment to our mission to improve the lives of those we serve. I am thrilled to be working alongside our talented team and to continue building on our strong foundation and creating value for our customers, employees, communities, and shareholders,” said Nomura.

    Nomura brings more than 20 years of financial experience in Chief Financial Officer (CFO) positions. Prior to joining First Fed, she served as CFO of the YWCA Seattle King Snohomish, located in Seattle, from May 2023 to November 2024, and CFO of Kosmos Management, in Seattle, from August 2016 to November 2022, and CFO of First Sound Bank, also in Seattle, from June 2013 to January 2016. She held other CFO positions prior to First Sound Bank and served as an Auditor and Senior Audit Manager at Deloitte from January 1994 to September 2001. Nomura holds a Bachelor of Business Administration degree from Grand Valley State University and is a licensed CPA.

    Consistent with the management succession plan, Geri Bullard will continue to serve as Chief Operating Officer leading the Bank’s initiatives to enhance profitability, efficiency, and back-office operations. She is responsible for our core operating system and related systems. Her financial background will be invaluable to the Bank as she focuses on leading departments that are critical to our success.

    “Geri is the hardest working person I have ever known. She has handled her responsibilities as CFO with aplomb, managing our Accounting and Finance Team, SEC reporting, budgeting and financial planning. She has significantly enhanced the Accounting and Finance teams, our financial reporting, investment portfolio, expense management, financial analysis, interest rate and liquidity reporting and capital management. Her work with our balance sheet restructure over the past five quarters helped place us in the position to return to profitability in 2025 and beyond. She is a loyal and trusted advisor to me, the Board, and the entire Senior Team,” said Deines.

    About FNWB

    First Northwest Bancorp (Nasdaq: FNWB) is a financial holding company engaged in investment activities including the business of its subsidiary, First Fed Bank. First Fed is a Pacific Northwest-based financial institution which has served its customers and communities since 1923. Currently First Fed has 18 locations in Washington state including 12 full-service branches. First Fed’s business and operating strategy is focused on building sustainable earnings by delivering a full array of financial products and services for individuals, small businesses, non-profit organizations and commercial customers. In 2022, First Northwest made an investment in The Meriwether Group, LLC, a boutique investment banking and accelerator firm. Additionally, First Northwest focuses on strategic partnerships to provide modern financial services such as digital payments and marketplace lending. First Northwest Bancorp was incorporated in 2012 and completed its initial public offering in 2015 under the ticker symbol FNWB. First Fed is headquartered in Port Angeles, Washington.

    First Fed Bank was recognized by Puget Sound Business Journal as a Best Workplace in 2023 and top Corporate Philanthropist in 2023 and 2024. By popular vote, First Fed received 2024 awards for Best Bank and Best Lender in Best of the Peninsula for Clallam County. First Fed is a Member FDIC and equal housing lender.

    Contact: Matthew P. Deines
    President & CEO
    (360) 457-0461

    The MIL Network –

  • MIL-OSI: AssetMark Announces Organizational Changes as Adhesion CEO Barrett Ayers Plans to Retire at End of 2025

    Source: GlobeNewswire (MIL-OSI)

    CONCORD, Calif., March 27, 2025 (GLOBE NEWSWIRE) — AssetMark, a leading wealth management solutions provider, today announced that Barrett Ayers, President and CEO of Adhesion, will retire after 20 years at Adhesion. Michael Kim, in addition to his current role as CEO of AssetMark, will assume the role of President and CEO of Adhesion Wealth. Adhesion Wealth is a wholly owned subsidiary of AssetMark. Mr. Ayers will remain an employee through the end of 2025 before retiring.

    Since acquiring Adhesion Wealth in 2022, AssetMark has continued to enhance its RIA-focused solutions, technology, and services. As part of this ongoing commitment, AssetMark remains dedicated to providing RIAs with the most comprehensive, efficient, and scalable platform to support their growth and client success.

    “We want to express our deep gratitude to Barrett for his dedication and contributions to Adhesion Wealth. His leadership has been instrumental in shaping the firm, which today provides enhanced efficiency and flexibility for RIAs. Adhesion Wealth is a trusted platform for independent advisors nationwide, and we will continue to invest and grow in the RIA market. The RIA space is experiencing an exciting phase of growth, innovation, and investment, and we remain laser-focused on equipping advisors with the tools, technology, and expertise they need to thrive,” said Michael Kim, President and CEO of AssetMark and Adhesion Wealth.

    As part of AssetMark’s continued investment, Adhesion Wealth will introduce a suite of consulting services, including Advanced Planning, Outsourced Marketing, and Business Consulting, designed to help RIAs accelerate organic growth in 2025. Over time, Adhesion Wealth plans to implement AssetMark’s industry-renowned capabilities including institutional tax management, tax transition solutions, and private market investments—empowering advisory firms with enhanced tools to better serve their clients.

    Ayers commented, “It has been the honor of a lifetime to lead Adhesion Wealth, supporting an incredible community of advisors. Watching their focus on delivering exceptional client outcomes has been truly inspiring. With Michael at the helm, alongside the most gifted and dedicated team in the business, I am confident that Adhesion and AssetMark will take the platform – and our advisors – to new heights.”

    Lou Maiuri, Group CEO and Chairman of AssetMark remarked, “Barrett’s legacy is one of innovation, hard work, and an unwavering commitment to empowering independent advisors. We thank him for his invaluable contributions to both Adhesion and the broader RIA community. I am confident that the exceptional leadership team we’ve assembled at AssetMark and Adhesion will continue to deliver on our mission—providing advisors with industry-leading solutions to drive client success.”

    About AssetMark

    AssetMark operates a wealth management platform whose mission is to help financial advisors and their clients. AssetMark, together with its affiliates AssetMark Trust Company, Voyant, and Adhesion Wealth Advisor Solutions, serves advisors at every stage of their journey with flexible, purpose-built solutions that champion client engagement and drive efficiency. Its ecosystem of solutions equips advisors with services and capabilities to help deliver better investor outcomes by enhancing their productivity, profitability, and client satisfaction.

    With a history going back to 1996, AssetMark has over 1,000 employees, and its platform serves over 10,700 financial advisors and over 317,000 investor households. As of December 31, 2024, the Company had over $139 billion in platform assets. AssetMark, Inc. is a Registered Investment Adviser with the U.S. Securities and Exchange Commission. For more information, please visit www.assetmark.com. Follow us on LinkedIn.

    Media:
    Vesselina Davenport
    Public Relations & Communications
    vesselina.davenport@assetmark.com

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