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Category: Finance

  • MIL-OSI Security: Lead Defendant in Federal Case Against High-End Brothel Network Sentenced to Four Years in Prison

    Source: Office of United States Attorneys

    Defendant persuaded women to travel interstate to work for prostitution network and required sex buyers to undergo screening process, including providing employer information and references

    BOSTON – The manager responsible for operating an interstate prostitution network of sophisticated high-end brothels in greater Boston and eastern Virginia was sentenced today in federal court in Boston. 

    Han Lee, 42, of Cambridge, Mass., was sentenced by U.S. District Court Judge Julia E. Kobick to four years in prison to be followed by one year of supervised release. The defendant was also ordered pay forfeiture in the amount of $5,418,572 and restitution in an amount to be determined at a later date. In September 2024, Lee pleaded guilty to one count of conspiracy to persuade, induce, entice, and coerce one or more individuals to travel in interstate or foreign commerce to engage in prostitution and one count of money laundering conspiracy. Han Lee was arrested and charged in November 2023 with co-defendants Junmyung Lee, 31, of Dedham, Mass., and James Lee, 69, of Torrance, Calif. The defendants were subsequently indicted by a federal grand jury in February 2024.

    “Han Lee didn’t just recruit women to sell their bodies for sex – she built a criminal enterprise designed to thrive in the shadows, evading law enforcement while profiting off her victims like commodities,” said United States Attorney Leah B. Foley. “We will relentlessly pursue and prosecute those who exploit vulnerable women through interstate sex trafficking and launder their illicit gains. Those who engage in this conduct will be identified, held accountable and sent to federal prison. Full stop.”

    “Han Lee and her co-conspirators crafted an elaborate scheme to set up an interstate commercial sex network and to hide their activity by laundering the proceeds. This secretive and covert industry treats women like commodities and provides no protection for the safety and wellbeing of the participants. Today’s sentence reinforces the seriousness of this crime and our commitment to use every investigative tool we have to pursue justice,” said Homeland Security Investigations New England Special Agent in Charge Michael J. Krol.

    From at least July 2020, Han Lee operated an interstate prostitution network with multiple brothels in Cambridge and Watertown, Mass., as well as in Fairfax and Tysons, Va. The defendant established the infrastructure for these brothels in multiple states for the purposes of persuading, inducing and enticing women – primarily Asian women – to travel to Massachusetts and Virginia to engage in prostitution. 

    Specifically, Han Lee and her co-defendants, rented high-end apartments as brothel locations, which they furnished and regularly maintained. The defendants coordinated the women’s airline travel and transportation and permitted them to stay overnight in the brothel locations so they did not have to find lodging elsewhere, therefore enticing women to participate in their prostitution network. To protect and maintain the secrecy of the business and ensure that the women did not draw attention to the prostitution work inside apartment buildings, Han Lee and her co-defendants established house rules for the women during their stays.  

    The defendants advertised their prostitution network and offered appointments with women in either greater Boston or eastern Virginia via bostontopten10.com and browneyesgirlsva.blog, respectively. Both websites purported to advertise nude models for professional photography at upscale studios as a front for prostitution offered through appointments. Investigators searched and seized the domain names for both websites pursuant to search warrants executed in November 2023.

    Additionally, each website described a verification process that interested sex buyers undertook to become eligible for appointment bookings– including requiring that clients complete a form providing their full names, email address, phone number, employer and reference if they had one. Han Lee and her co-defendants persuaded the women to work for their prostitution network because the business maintained a regular customer base of men that were adequately screened, ensuring that the customers were not members of law enforcement or men who posed a risk to the safety and security of the commercial sex workers.

    Han Lee and her co-defendants maintained local brothel phone numbers which they used to communicate with verified customers and schedule appointments via text messages; send customers a “menu” of available options at the brothel, including the women and sexual services available and the hourly rate; and to text customers directions to the brothel’s location where they engaged in commercial sex with the women. 

    According to the charging documents, the defendants charged sex buyers a premium price for appointments with the women advertised on their websites, which ranged from approximately $350 to upwards of $600 per hour depending on the services and were paid in cash. In total, Han Lee’s brothel network generated over $5.6 million in revenue from approximately 9,450 scheduled dates with sex buyers. 

    To conceal the proceeds of the prostitution network, Han Lee deposited hundreds of thousands of dollars of cash proceeds into personal and third-party bank accounts and peer-to-peer transfers. Additionally, the defendants regularly used hundreds of thousands of dollars of the cash proceeds from the prostitution business to purchase money orders (in values under an amount that would trigger reporting and identification requirements) to conceal the source of the funds. These money orders were then used to pay for rent and utilities at brothel locations in Massachusetts and Virginia.

    In October 2024, Junmyung Lee pleaded guilty and is scheduled to be sentenced on April 18, 2025. James Lee pleaded guilty in February 2025 and is scheduled to be sentenced on May 28, 2025.

    Members of the public who have questions, concerns or information regarding this case should contact USAMA.VictimAssistance@usdoj.gov.

    U.S. Attorney Foley; HSI SAC Krol; and Cambridge Police Commissioner Christine Elow made the announcement today. Valuable assistance was provided by the Central District of California; Eastern District of Virginia; U.S. Postal Service; the Middlesex District Attorney’s Office and Watertown Police Department. Assistant U.S. Attorney Lindsey E. Weinstein of the Criminal Division and Assistant U.S. Attorney Raquelle Kaye, of the Asset Recovery Unit are prosecuting the case.

    MIL Security OSI –

  • MIL-OSI Security: Leader of the Lynn Chapter of the Trinitarios Pleads Guilty to Racketeering Conspiracy

    Source: Office of United States Attorneys

    BOSTON – The former leader of the Lynn Chapter of the Trinitarios gang pleaded guilty today to racketeering charges.

    Aaron Diaz Liranzo, a/k/a “Sosa,” 26, pleaded guilty to conspiracy to conduct enterprise affairs through a pattern of racketeering activity, more commonly referred to as RICO conspiracy. U.S. Senior District Court Nathaniel M. Gorton scheduled sentencing for June 25, 2025. Diaz Liranzo was arrested and charged in February 2025 at which time he was the Leader of the Lynn Chapter of the Trinitarios. 

    The Trinitarios is a violent criminal enterprise comprised of thousands of members across the United States. The Trinitarios adhere to a Magna Carta, employ an internal hierarchy to or organize and execute violence, and undertaken extensive efforts to maintain the secrecy of the organization and its members.  

    In February 2025, federal racketeering charges were unsealed against 22 leaders and members of the Trinitarios. The charges were the result of a multi jurisdictional investigation, which began in the aftermath of four murders as well as a series of attempted murders and shootings that took place in Lynn in 2023, allegedly committed by the Trinitarios criminal enterprise and its members. Diaz Liranzo is the sixth Defendant to plead guilty.

    During a period from at least 2021 through 2025, Diaz Liranzo served as the Primera or Number One of the Lynn Chapter of the Trinitarios. Diaz Liranzo admitted to participating in a shooting that took place in March 2019 that targeted multiple rival gang members outside of a Lynn nightclub. The victims were lured there by another member, who posed as a woman who needed a ride. Equipped with a firearm and knowledge of the victims whereabouts and vehicle they were driving, the defendant travelled to the nightclub and opened fire at the vehicle, discharging at least six rounds. During the incident, Diaz Liranzo shot two of the three victims seated in the car. Both victims suffered life-threatening injuries, but ultimately survived the incident.

    The charge of conspiracy to conduct enterprise affairs through a pattern of racketeering activity (also known as “racketeering conspiracy” or “RICO conspiracy”) provides for a sentence of up to life in prison, five years of supervised release and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    United States Attorney Leah B. Foley; Michael J. Krol, Special Agent in Charge, Homeland Security Investigations in New England; Jodi Cohen, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division; Essex County District Attorney Paul F. Tucker; Massachusetts State Police Colonel Geoffrey D. Noble; and Lynn Police Chief Christopher P. Redd made the announcement. Valuable assistance was provided by the U.S. Attorney’s Office for the District of New Hampshire; U.S. Customs and Border Protection; the Suffolk District Attorney’s Office; the Rockingham County District Attorney’s Office (NH); and the Andover, Boston, Lawrence, Peabody and Salem Police Departments. Assistant U.S. Attorney Philip A. Mallard of the Organized Crime & Gang Unit is prosecuting the case.

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

    MIL Security OSI –

  • MIL-OSI Security: Three KC Men Indicted for Multi-State Business Burglary Conspiracy

    Source: Office of United States Attorneys

    KANSAS CITY, Mo. – Three Kansas City, Mo., men have been indicted by a federal grand jury for their roles in a conspiracy to burglarize beauty product and liquor stores across seven states.

    Gary Bailey, 24, Jermaine Threat, 25, and Dalvin Poindexter, 26, were charged in a nine-count indictment returned under seal by a federal grand jury in Kansas City, Mo., on Feb. 4, 2024. That indictment was unsealed and made public today following the arrest and initial court appearances of Bailey and Poindexter.

    The federal indictment alleges that Bailey, Threat, and Poindexter stole hundreds of thousands of dollars’ worth of merchandise during a series of business burglaries from March 2023 to January 2024.

    According to the indictment, the conspirators targeted beauty product and liquor stores in Missouri, Illinois, Iowa, Kansas, Nebraska, Indiana, and Texas. The conspirators smashed the storefront door or window glass to enter the stores afterhours and then stole fragrances, cosmetics, liquor, spirits, and other merchandise. The conspirators allegedly used posts on Facebook Marketplace and Facebook Stories, as well as group chat text messages, to sell the stolen goods and received payment in cash or through peer-to-peer payment services like CashApp. The indictment says they also kept some of the stolen items for themselves or gave it away to their friends and family.

    In addition to the conspiracy, Bailey, Threat, and Poindexter are charged together in seven counts of transporting stolen property across state lines.

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

    This case is being prosecuted by Assistant U.S. Attorney John Constance. It was investigated by IRS-Criminal Investigation and the Olathe, Kansas, Police Department, with assistance from the Missouri State Highway Patrol, the Platte County Sheriff’s Office and the police departments of Derby, KS, Belton, MO, Blue Springs, MO, Columbia, MO, Creve Coeur, MO, Edwardsville, KS, Fairview Heights, IL, Kansas City, MO, Kansas City, KS, Lawrence, KS, Leawood, KS, Lee’s Summit, MO, Lenexa, KS, Liberty, MO, Olathe, KS, Omaha, NE, Overland, Park, KS, Papillion, NE, Parkville, MO, Plainfield, IN, Plano, TX, Platte City, MO, Shawnee, KS, Springfield, MO, St. Joseph, MO, Terre Haute, IN, Topeka, KS, and West Des Moines, IA.

    MIL Security OSI –

  • MIL-OSI Security: Human Smuggling Foot Guide Convicted of 2 Counts by Federal Jury in Del Rio

    Source: Office of United States Attorneys

    DEL RIO, Texas – A federal jury in Del Rio convicted Nicacio Arellano-Garcia today for one count of conspiracy to transport illegal aliens and one count of illegal alien transportation placing lives in jeopardy.

    According to court documents and evidence presented at trial, Arellano-Garcia, 34, of Mexico, conspired to transport five illegal aliens with codefendant Alexander Galvez-Zelaya, 30, of Honduras, and other facilitators. Arellano-Garcia served as the foot guide, while Galvez-Zelaya was the driver.

    Arellano-Garcia walked the five illegal aliens through the brush for two days. One of the illegal aliens fainted just before getting picked up by Galvez-Zelaya and, at some point before or entering the vehicle, the alien died. A medical examiner later confirmed the deceased illegal alien died from a combination of dehydration and environmental exposure to walking in the brush.

    On Feb. 11, 2024, the illegal aliens and the foot guide were picked up in the vehicle driven by Galvez-Zelaya. A high speed chase with law enforcement ensued when a Zavala County Sheriff’s Office deputy attempted to conduct a traffic stop for defective license plate lighting. Galvez-Zelaya exceeded speeds of 100 miles per hour and crashed into a private property fence near La Pryor. Both Arellano-Garcia and Galvez-Zelaya were arrested and confirmed to be illegally present in the United States.

    Galvez-Zelaya pleaded guilty Nov. 4, 2024 to one count of conspiracy to transport aliens placing lives in jeopardy and is scheduled to be sentenced May 28. Both defendants face up to 20 years in federal prison for each count.

    Acting U.S. Attorney Margaret Leachman for the Western District of Texas made the announcement.

    Homeland Security Investigations is investigating the case.

    Assistant U.S. Attorneys Warsame Galaydh and Matt Kass are prosecuting the case.

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

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    MIL Security OSI –

  • MIL-OSI: TWFG Announces Fourth Quarter 2024 and Full Year Results

    Source: GlobeNewswire (MIL-OSI)

    – Total Revenues increased 30.8% for the quarter over the prior year period to $51.7 million –
    – Total Written Premium increased 20.0% for the quarter over the prior year period to $361.4 million –
    – Organic Revenue Growth Rate* of 20.5% for the quarter –
    – Diluted Earnings Per Share and Adjusted Diluted Earnings Per Share* of $0.11 and $0.19 for the quarter, respectively –
    – Adjusted EBITDA* increased 91.7% for the quarter over the prior year period to $13.8 million –

    THE WOODLANDS, Texas, March 19, 2025 (GLOBE NEWSWIRE) — TWFG, Inc. (“TWFG”, the “Company” or “we”) (NASDAQ: TWFG), a high-growth insurance distribution company, today announced results for the fourth quarter and the full year ended December 31, 2024.

    Fourth Quarter 2024 Highlights

    • Total revenues for the quarter increased 30.8% to $51.7 million, compared to $39.6 million in the prior year period
    • Net income for the quarter was $8.2 million, compared to $5.2 million in the prior year period
    • Commission income for the quarter increased 20.7% to $43.7 million, compared to $36.2 million in the prior year period
    • Contingent income for the quarter increased 371.4% to $5.0 million, compared to $1.1 million in the prior year period
    • Total Written Premium for the quarter increased 20.0% to $361.4 million, compared to $301.4 million in the prior year period
    • Organic Revenue Growth Rate* for the quarter was 20.5%
    • Adjusted Net Income* for the quarter increased 57.0% from the prior year period to $10.5 million, and Adjusted Net Income Margin* for the quarter was 20.3%
    • Adjusted EBITDA* for the quarter increased 91.7% over the prior year period to $13.8 million, and Adjusted EBITDA Margin* for the quarter was to 26.8% compared to 18.3% in the prior year period
    • Cash flow from operating activities for the quarter was $11.6 million, compared to $6.1 million in the prior year period
    • Adjusted Free Cash Flow* for the quarter was $5.7 million, compared to $6.0 million in the same prior year period

    Full Year 2024 Highlights

    • Total revenues for the year increased 18.4% to $203.8 million, compared to $172.0 million in the prior year period
    • Net income for the year was $28.6 million, compared to $26.1 million in the prior year period
    • Commission income for the year increased 15.4% to $183.2 million, compared to $158.7 million in the prior year period
    • Contingent income for the year increased 113.5% to $8.7 million, compared to $4.1 million in the prior year period
    • Total Written Premium for the year increased 18.3% to $1.5 billion, compared to $1.2 billion in the prior year period
    • Organic Revenue Growth Rate* for the year was 14.5%
    • Adjusted Net Income* for the year increased 9.8% from the prior year period to $33.0 million, and Adjusted Net Income Margin* for the year was 16.2%
    • Adjusted EBITDA* for the year increased 44.7% over the prior year period to $45.3 million, and Adjusted EBITDA Margin* for the year was 22.3% compared to 18.2% in the prior year period
    • Cash flow from operating activities for the year was $40.5 million, compared to $30.2 million in the prior year period
    • Adjusted Free Cash Flow* for the year was $28.2 million, compared to $19.7 million in the prior year period

    *Organic Revenue Growth Rate, Adjusted Net Income, Adjusted Net Income Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Free Cash Flow and Adjusted Diluted Earnings Per Share are non-GAAP measures. Reconciliations of Organic Revenue Growth Rate to total revenue growth rate, Adjusted Net Income and Adjusted EBITDA to net income, Adjusted Diluted Earnings Per Share to diluted earnings per share, and Adjusted Free Cash Flow to cash flow from operating activities, the most directly comparable financial measures presented in accordance with GAAP, are outlined in the reconciliation table accompanying this release.

    Gordy Bunch, Founder, Chairman, and CEO said “Our fourth quarter results demonstrate the continued success of our agents, carriers, employees, and business model with total revenues increasing by 30.8% over the prior year period and Adjusted EBITDA increasing by 91.7%. We generated 20.5% of organic growth and increased our Adjusted EBITDA Margin to 26.8%.

    In addition, our fourth quarter recruiting efforts continued to outpace our historical growth trends. Our continued expansion throughout the US was fueled by both recruitment of start-up agencies and strategic acquisitions in the following states Colorado, Connecticut, Idaho, Indiana, Missouri, Nevada, New Mexico, Oregon, South Carolina, South Dakota, Tennessee, Utah, Vermont, Washington and Wyoming.

    Finally, I want to remind our fellow stockholders that experienced agents typically take between two to three years to become productive. We do not expect the 100-plus new branches we launched in 2024 to have a significant impact on revenues this year or next, but over the long term we expect the agents onboarded in 2024 to contribute meaningfully to our longer-term organic growth.”

    Fourth Quarter 2024 Results

    For the fourth quarter of 2024, Total Written Premium was $361.4 million, a 20.0% increase compared to the same period in the prior year. Revenues were $51.7 million, an increase of 30.8% compared to the same period in the prior year. Organic Revenues, a non-GAAP measure that excludes contingent income, fee income, and other income, for the fourth quarter of 2024 were $43.6 million compared to $34.8 million in the same period in the prior year. Organic Revenue Growth Rate in the fourth quarter was 20.5%, driven by strong new business growth, moderating retention levels, rate increases and an uptick in new business growth with one of our MGA programs.

    Total commission expense for the fourth quarter of 2024 was $28.9 million, a 11.2% increase from $26.0 million in the same period in the prior year. Commission expenses increased primarily due to the growth in the business, partially offset by the conversion of nine branches to corporate branches, which transitioned our non-employee commission-based colleagues to employees. Upon conversion, these corporate branch employees received salaries, employee benefits, and bonuses for services rendered instead of commissions. Salaries and employee benefits for the fourth quarter of 2024 were $7.7 million, up 97.8% from $3.9 million in the same period in the prior year. Approximately $1.0 million of the increase was due to equity compensation expense, while $3.0 million of the increase was due to the branch conversions and 2023 corporate branch acquisitions, along with the growth in the business. Other administrative expenses for the fourth quarter of 2024 were $5.0 million, a 69.9% increase compared to the same period in the prior year. The increase was due to growth in the business, increase in corporate branches and the absorption of public company costs.

    For the fourth quarter of 2024, net income was $8.2 million, and net income margin was 15.8%, compared to net income of $5.2 million and net income margin of 13.2%, in the same period in the prior year. Adjusted Net Income for the fourth quarter of 2024 was $10.5 million, compared to $6.7 million in the same period in the prior year. Adjusted Net Income Margin for the fourth quarter was 20.3%, compared to 16.9% in the same period in the prior year.

    Adjusted EBITDA for the fourth quarter was $13.8 million, an increase of 91.7% over the same period in the prior year. Our Adjusted EBITDA Margin was 26.8% in the fourth quarter of 2024 compared to 18.3% in the same period in the prior year.

    Cash flow from operating activities for the fourth quarter was $11.6 million, compared to $6.1 million in the same period in the prior year.

    Adjusted Free Cash Flow for the fourth quarter of 2024 was $5.7 million, compared to $6.0 million in the same period in the prior year.

    Liquidity and Capital Resources

    As of December 31, 2024, the Company had cash and cash equivalents of $195.8 million. We had $50.0 million unused capacity on our revolving credit facility of $50.0 million as of December 31, 2024. The total outstanding term notes payable balance was $5.9 million as of December 31, 2024.

    2025 Outlook

    Our guidance for the full year 2025 is as follows:

    • Organic Revenue Growth rate* for the full year 2025 is expected to be in the range of 11% to 16%
    • Adjusted EBITDA Margin* for the full year 2025 is expected to be in the range of 19% to 21%
    • Total revenues are expected to be between $235 million and $250 million

    The Company is unable to provide a reconciliation to the most directly comparable GAAP measures without unreasonable efforts due to the inherent difficulty in forecasting the timing of items that have not yet occurred, as well as quantifying certain amounts that are necessary for such reconciliation.

    *For a definition of Organic Revenue Growth rate and Adjusted EBITDA Margin, see “Non-GAAP Financial Measures” below.

    2025 Acquisitions

    We began 2025 acquiring two new corporate locations in Ohio and Texas. The new locations are in line with our acquisition expectations for revenue and EBITDA. Our robust pipeline provides us many quality acquisition targets to achieve the remainder of our 2025 M&A goals. Our M&A models included beginning 2025 with acquiring $3 million of revenues and $0.7 million of EBITDA with an additional $20 million of revenue and $5 million of EBITDA being acquired with a mid-year convention.

    Conference Call Information

    TWFG will host a conference call and webcast tomorrow at 10:00 AM ET to discuss these results.

    To access the call by phone, participants should register at this link, where they will be provided with the dial in details. A live webcast of the conference call will also be available on TWFG’s investor relations website at investors.twfg.com. A webcast replay of the call will be available at investors.twfg.com for one year following the call.

    About TWFG

    TWFG (NASDAQ: TWFG) is a high-growth, independent distribution platform for personal and commercial insurance in the United States and represents hundreds of insurance carriers that underwrite personal lines and commercial lines risks. For more information, please visit twfg.com.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. All statements, other than statements of historical fact included in this release, are forward-looking statements. Forward-looking statements give our current expectations relating to our financial condition, results of operations, plans, objectives, future performance, and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “outlook,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including those factors discussed under the captions entitled “Risk factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our prospectus (the “IPO Prospectus”) relating to our Registration Statement on Form S-1, as amended (Registration No. 333-280439), filed with the U.S. Securities and Exchange Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended, and in our other filings with the SEC. You should specifically consider the numerous risks outlined under “Risk factors” in the IPO Prospectus.

    Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Non-GAAP Financial Measures and Key Performance Indicators

    Non-GAAP Financial Measures

    Organic Revenue, Organic Revenue Growth, Adjusted Net Income, Adjusted Net Income Margin, Adjusted Diluted Earnings Per Share, Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Free Cash Flow included in this release are not measures of financial performance in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and should not be considered substitutes for GAAP measures, including revenues (for Organic Revenue and Organic Revenue Growth), net income (for Adjusted Net Income, Adjusted Net Income Margin, Adjusted EBITDA and Adjusted EBITDA Margin) diluted earnings per share (Adjusted Diluted Earnings Per Share), and cash flow from operating activities (for Adjusted Free Cash Flow) which we consider to be the most directly comparable GAAP measures. These non-GAAP financial measures have limitations as analytical tools, and when assessing our operating performance, you should not consider these non-GAAP financial measures in isolation or as substitutes for revenues, net income, operating cash flow or other consolidated financial statement data prepared in accordance with GAAP. Other companies may calculate any or all of these non-GAAP financial measures differently than we do, limiting their usefulness as comparative measures.

    Organic Revenue. Organic Revenue is total revenue (the most directly comparable GAAP measure) for the relevant period, excluding contingent income, fee income, other income and those revenues generated from acquired businesses with over $0.5 million in annualized revenue that have not reached the twelve-month owned milestone.

    Organic Revenue Growth. Organic Revenue Growth is the change in Organic Revenue period-to-period, with prior period results adjusted to include revenues that were excluded in the prior period because the relevant acquired businesses had not reached the twelve-month-owned milestone but have reached the twelve-month owned milestone in the current period. We believe Organic Revenue Growth is an appropriate measure of operating performance because it eliminates the impact of acquisitions, which affects the comparability of results from period to period.

    Adjusted Net Income. Adjusted Net Income is a supplemental measure of our performance and is defined as net income (the most directly comparable GAAP measure) before amortization, non-recurring or non-operating income and expenses, including equity-based compensation, adjusted to assume a single class of stock (Class A) and assuming noncontrolling interests do not exist. We believe Adjusted Net Income is a useful measure because it adjusts for the after-tax impact of significant one-time, non-recurring items and eliminates the impact of any transactions that do not directly affect what management considers to be our ongoing operating performance in the period. These adjustments generally eliminate the effects of certain items that may vary from company to company for reasons unrelated to overall operating performance.

    We are subject to U.S. federal income taxes, in addition to state, and local taxes, with respect to our allocable share of any net taxable income of TWFG Holding Company, LLC. Adjusted Net Income pre-IPO did not reflect adjustments for income taxes since TWFG Holding Company, LLC is a limited liability company and is classified as a partnership for U.S. federal income tax purposes. Post-IPO, the calculation incorporates the impact of federal and state statutory tax rates on 100% of our adjusted pre-tax income as if the Company owned 100% of TWFG Holding Company, LLC.

    Adjusted Net Income Margin. Adjusted Net Income Margin is Adjusted Net Income divided by total revenues. We believe that Adjusted Net Income Margin is a useful measurement of operating profitability for the same reasons we find Adjusted Net Income useful and also because it provides a period-to-period comparison of our after-tax operating performance.

    Adjusted Diluted Earnings Per Share. Adjusted Diluted Earnings Per Share is Adjusted Net Income divided by diluted shares outstanding after adjusting for the effect of (i) the exchange of 100% of the outstanding Class B common stock of the Company (the “Class B Common Stock”) and Class C common stock of the Company (the “Class C Common Stock”) (together with the related limited liability units in TWFG Holding Company, LLC (the “LLC Units”)) into shares of Class A common stock of the Company (“Class A Common Stock”) and (ii) the vesting of 100% of the unvested equity awards and exchange into shares of Class A Common Stock. This measure does not deduct earnings related to the noncontrolling interests in TWFG Holding Company, LLC for the period prior to July 19, 2024, when we did not own 100% of the business. The most directly comparable GAAP financial metric is diluted earnings per share. We believe Adjusted Diluted Earnings Per Share may be useful to an investor in evaluating our operating performance and efficiency because this measure is widely used by investors to measure a company’s operating performance without regard to items excluded from the calculation of such measure, which can vary substantially from company to company depending upon acquisition activity and capital structure. This measure also eliminates the impact of expenses that do not relate to core business performance, among other factors.

    Adjusted EBITDA. Adjusted EBITDA is a supplemental measure of our performance and is defined as EBITDA adjusted to reflect items such as equity-based compensation, interest income, other non-operating and certain nonrecurring items. EBITDA is defined as net income (the most directly comparable GAAP measure) before interest, income taxes, depreciation, and amortization. We believe that Adjusted EBITDA is an appropriate measure of operating performance because it adjusts for significant one-time, non-recurring items and eliminates the ongoing accounting effects of certain capital spending and acquisitions, such as depreciation and amortization, that do not directly affect what management considers to be our ongoing operating performance in the period. These adjustments eliminate the effects of certain items that may vary from company to company for reasons unrelated to overall operating performance. Our measure of Adjusted EBITDA is not necessarily comparable to other similarly titled captions of other companies due to potential inconsistencies in the methods of calculation.

    Adjusted EBITDA Margin. Adjusted EBITDA Margin is Adjusted EBITDA divided by total revenue. We believe that Adjusted EBITDA Margin is a useful measurement of operating profitability for the same reasons we find Adjusted EBITDA useful and also because it provides a period-to-period comparison of our operating performance.

    Adjusted Free Cash Flow. Adjusted Free Cash Flow is a supplemental measure of our performance. We define Adjusted Free Cash Flow as cash flow from operating activities (the most directly comparable GAAP measure) less cash payments for tax distributions, purchases of property, plant, and equipment and acquisition-related costs. We believe Adjusted Free Cash Flow is a useful measure of operating performance because it represents the cash flow from the business that is within our discretion to direct to activities including investments, debt repayment, and returning capital to stockholders.

    The reconciliation of the above non-GAAP measures to their most comparable GAAP financial measure is outlined in the reconciliation table accompanying this release.

    Key Performance Indicators

    Total Written Premium. Total Written Premium represents, for any reported period, the total amount of current premium (net of cancellation) placed with insurance carriers. We utilize Total Written Premium as a key performance indicator when planning, monitoring, and evaluating our performance. We believe Total Written Premium is a useful metric because it is the underlying driver of the majority of our revenue.

    Contacts
    Investor Contact:
    Gene Padgett, CAO for TWFG
    Email: gene.padgett@twfg.com

    PR Contact:
    Alex Bunch, CMO for TWFG
    Email: alex@twfg.com

    Consolidated Statements of Income (Unaudited)
    (Amounts in thousands, except share and per share data)

      Three Months Ended
    December 31,    		   Twelve Months Ended
    December 31,
      2024   2023   2024   2023
    Revenues              
    Commission income(1) $ 43,711   $ 36,228     $ 183,158   $ 158,679  
    Contingent income   5,005     1,062       8,722     4,085  
    Fee income(2)   2,751     1,968       10,562     8,311  
    Other income   276     313       1,318     968  
    Total revenues   51,743     39,571       203,760     172,043  
    Expenses              
    Commission expense   28,915     25,994       118,086     116,847  
    Salaries and employee benefits   7,663     3,874       29,064     13,970  
    Other administrative expenses(3)   4,978     2,930       16,665     10,973  
    Depreciation and amortization   3,054     1,522       12,020     4,862  
    Total operating expenses   44,610     34,320       175,835     146,652  
    Operating income   7,133     5,251       27,925     25,391  
    Interest expense   98     450       2,223     1,003  
    Interest income   2,174     421       4,376     891  
    Other non-operating income (expense), net   1     (7 )     9     (17 )
    Income before tax   9,210     5,215       30,087     25,262  
    Income tax expense   1,057     —       1,495     —  
    Net income from continuing operations   8,153     5,215       28,592     25,262  
    Net income from discontinued operation, net of tax   —     —       —     834  
    Net income   8,153     5,215       28,592     26,096  
    Less: net income attributable to noncontrolling interests   6,561     5,215       25,847     26,096  
    Net income attributable to TWFG, Inc. $ 1,592   $ —     $ 2,745   $ —  
                   
    Weighted average shares of common stock outstanding:              
    Basic   14,811,874         14,772,115    
    Diluted   15,056,430         14,982,409    
    Earnings per share:              
    Basic $ 0.11       $ 0.19    
    Diluted $ 0.11       $ 0.19    
     

    (1) Commission income – related party of $3,562 and $1,139 for the three months ended and $9,609 and $4,203 for the twelve months ended December 31, 2024 and 2023, respectively
    (2) Fee income – related party of $905 and $335 for the three months ended and $2,704 and $1,593 for the twelve months ended December 31, 2024 and 2023, respectively
    (3) Other administrative expenses – related party of $326 and $145 for the three months ended and $1,478 and $415 for the twelve months ended December 31, 2024 and 2023, respectively

    Consolidated Balance Sheets (Unaudited)
    (Amounts in thousands, except share/unit data)

      December 31, 2024   December 31, 2023
    Assets
    		      
    Current assets
    		      
    Cash and cash equivalents $ 195,772   $ 39,297
    Restricted cash   9,551     7,171
    Commissions receivable, net   27,067     19,082
    Accounts receivable   7,839     5,982
    Deferred offering costs   —     2,025
    Other current assets   1,619     1,551
    Total current assets   241,848     75,108
    Non-current assets
    		      
    Intangible assets, net   72,978     36,436
    Property and equipment, net   3,499     597
    Lease right-of-use assets, net   4,493     2,459
    Other non-current assets   610     837
    Total assets $ 323,428   $ 115,437
           
    Liabilities and Equity
    		      
    Current liabilities
    		      
    Commissions payable $ 13,848   $ 12,487
    Carrier liabilities   12,392     8,731
    Operating lease liabilities, current   1,013     882
    Short-term bank debt   1,912     2,437
    Deferred acquisition payable, current   601     5,369
    Other current liabilities   9,851     5,006
    Total current liabilities   39,617     34,912
    Non-current liabilities
    		      
    Operating lease liabilities, net of current portion   3,372     1,518
    Long-term bank debt   4,007     46,919
    Deferred acquisition payable, non-current   1,122     1,037
    Other non-current liabilities   24     —
    Total liabilities   48,142     84,386
    Commitment and contingencies      
    Stockholders’/Members’ Equity
    		      
    Members’ Equity (631,750 common units issued and outstanding at December 31, 2023)   —     632
    Class A common stock ($0.01 par value per share – 300,000,000 authorized, 14,811,874 shares issued and outstanding at December 31, 2024)   148     —
    Class B common stock ($0.00001 par value per share – 100,000,000 authorized, 7,277,651 shares issued and outstanding at December 31, 2024)   —     —
    Class C common stock ($0.00001 par value per share – 100,000,000 authorized, 33,893,810 shares issued and outstanding at December 31, 2024)   —     —
    Additional paid-in capital   58,365     25,114
    Retained earnings   15,288     4,805
    Accumulated other comprehensive income   83     500
    Total stockholders’ equity attributable to TWFG, Inc. /members’ equity   73,884     31,051
    Noncontrolling interests   201,402     —
    Total stockholders’/members’ equity   275,286     31,051
      Total liabilities and equity $ 323,428   $ 115,437
             
     

    Non-GAAP Financial Measures

    A reconciliation of Organic Revenue and Organic Revenue Growth Rate to Total Revenue and Total Revenue Growth Rate, the most directly comparable GAAP measures, is as follows (in thousands):

      Three Months Ended
    December 31,    		   Twelve Months Ended
    December 31,
        2024       2023       2024       2023  
    Total revenues $ 51,743     $ 39,571     $ 203,760     $ 172,043  
    Acquisition adjustments(1)   (105 )     (1,405 )     (3,687 )     (4,052 )
    Contingent income   (5,005 )     (1,062 )     (8,722 )     (4,085 )
    Fee income   (2,751 )     (1,968 )     (10,562 )     (8,311 )
    Other income   (276 )     (313 )     (1,318 )     (968 )
    Organic Revenue $ 43,606     $ 34,823     $ 179,471     $ 154,627  
    Organic Revenue Growth(2) $ 7,429     $ 2,527     $ 22,746     $ 15,514  
    Total Revenue Growth Rate(3)   30.8 %     7.3 %     18.4 %     11.8 %
    Organic Revenue Growth Rate(2)   20.5 %     7.8 %     14.5 %     11.2 %
                   
     

    (1) Represents revenues generated from the acquired businesses during the first 12 months following an acquisition.
    (2) Organic Revenue for the three months ended December 31, 2023 and 2022, and for the twelve months ended December 31, 2023 and 2022, used to calculate Organic Revenue Growth for the three months ended December 31, 2024 and 2023, and for the twelve months ended December 31, 2024 and 2023, was $36.2 million, $32.3 million, $156.7 million and $139.1 million, respectively, which is adjusted to reflect revenues from acquired businesses with over $0.5 million in annualized revenue that reached the twelve-month owned mark during the year ended December 31, 2024 and 2023, respectively. Organic Revenue Growth Rate represents the period-to-period change in Organic Revenue divided by the total adjusted Organic Revenue in the prior period.
    (3) Represents the period-to-period change in total revenues divided by the total revenues in the prior period.

    Applying the use of enhanced data consistently throughout the prior periods, revenue growth rate for the three months ended and twelve months ended December 31, 2023 compared to the same period in 2022 would have been 9.9% and 14.9%, respectively, and Organic Revenue Growth Rate for the three months ended and twelve months ended December 31, 2023 compared to the same period in 2022 would have been 10.7% and 14.5%, respectively.

    A reconciliation of Adjusted Net Income and Adjusted Net Income Margin to Net Income and Net Income Margin, the most directly comparable GAAP measures, for each of the periods indicated is as follows (in thousands):

    Revised Calculation Methodology Applied to Current Period
      Three Months Ended
    December 31,    		   Twelve Months Ended
    December 31,
        2024       2023       2024       2023  
    Total revenues $ 51,743     $ 39,571     $ 203,760     $ 172,043  
    Net income $ 8,153     $ 5,215     $ 28,592     $ 26,096  
    Income tax expense   1,057       —       1,495       —  
    Acquisition-related expenses   20       36       20       204  
    Restructuring and related expenses   —       —       —       17  
    Discontinued operation income   —       —       —       (834 )
    Equity-based compensation   1,207       —       2,219       —  
    Other non-recurring items(1)   257       —       (1,220 )     —  
    Amortization expense   2,950       1,451       11,721       4,594  
    Adjusted income before income taxes   13,644       6,702       42,827       30,077  
    Adjusted income tax expense(2)   (3,123 )     —       (9,802 )     —  
    Adjusted Net Income $ 10,521     $ 6,702     $ 33,025     $ 30,077  
    Net Income Margin   15.8 %     13.2 %     14.0 %     15.2 %
    Adjusted Net Income Margin   20.3 %     16.9 %     16.2 %     17.5 %
                   
     
    Legacy Calculation Methodology Applied to Current Period
      Three Months Ended
    December 31,    		   Twelve Months Ended
    December 31,
        2024       2023       2024       2023  
    Total revenues $ 51,743     $ 39,571     $ 203,760     $ 172,043  
    Net income $ 8,153     $ 5,215     $ 28,592     $ 26,096  
    Income tax expense   1,057       —       1,495       —  
    Acquisition-related expenses   20       36       20       204  
    Restructuring and related expenses   —       —       —       17  
    Discontinued operation income   —       —       —       (834 )
    Equity-based compensation   1,207       —       2,219       —  
    Other non-recurring items(1)   257       —       (1,220 )     —  
    Adjusted income before income taxes   10,694       5,251       31,106       25,483  
    Adjusted income tax expense(2)   (2,447 )     —       (7,119 )     —  
    Adjusted Net Income $ 8,247     $ 5,251     $ 23,987     $ 25,483  
    Net Income Margin   15.8 %     13.2 %     14.0 %     15.2 %
    Adjusted Net Income Margin   15.9 %     13.3 %     11.8 %     14.8 %
                   
     

    (1) Represents a one-time adjustment reducing commission expense, which resulted from the branch conversions. In January 2024, nine of our Branches converted to Corporate Branches. Upon conversion, agents of the newly converted Corporate Branches became employees and received salaries, employee benefits, and bonuses for services rendered instead of commissions. As a result, we released a portion of the unpaid commissions related to the converted branches that we no longer are required to settle.
    (2) Post-IPO, we are subject to United States federal income taxes, in addition to state, local, and foreign taxes, with respect to our allocable share of any net taxable income of TWFG Holding Company, LLC. For the three and twelve months ended December 31, 2024, the calculation of adjusted income tax expense is based on a federal statutory rate of 21% and a blended state income tax rate of 1.88% on 100% of our adjusted income before income taxes as if we owned 100% of the TWFG Holding Company, LLC.

    A reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin to Net Income and Net Income Margin, the most directly comparable GAAP measures, for each of the periods indicated is as follows (in thousands):

      Three Months Ended
    December 31,    		   Twelve Months Ended
    December 31,
        2024       2023       2024       2023  
    Total revenues $ 51,743     $ 39,571     $ 203,760     $ 172,043  
    Net income $ 8,153     $ 5,215     $ 28,592     $ 26,096  
    Interest expense   98       450       2,223       1,003  
    Interest income(2)   2,174       421       4,376       891  
    Depreciation and amortization   3,054       1,522       12,020       4,862  
    Income tax expense   1,057       —       1,495       —  
    EBITDA   10,188       6,766       39,954       31,070  
    Acquisition-related expenses   20       36       20       204  
    Restructuring and related expenses   —       —       —       17  
    Equity-based compensation   1,207       —       2,219       —  
    Interest income(2)   2,174       421       4,376       891  
    Discontinued operation income   —       —       —       (834 )
    Other non-recurring items(1)   257       —       (1,220 )     —  
    Adjusted EBITDA $ 13,846     $ 7,223     $ 45,349     $ 31,348  
    Net Income Margin   15.8 %     13.2 %     14.0 %     15.2 %
    Adjusted EBITDA Margin   26.8 %     18.3 %     22.3 %     18.2 %
                   
     

    (1) Represents a one-time adjustment reducing commission expense, which resulted from the branch conversions. In January 2024, nine of our Branches converted to Corporate Branches. Upon conversion, agents of the newly converted Corporate Branches became employees and received salaries, employee benefits, and bonuses for services rendered instead of commissions. As a result, we released a portion of the unpaid commissions related to the converted branches that we no longer are required to settle.
    (2) Interest income reflects interest and other earnings on cash balances held by the Company. This income is included in Adjusted EBITDA as we view our total interest and investment income as an integral part of our business model and earnings stream until deployed. 

    A reconciliation of Adjusted Free Cash Flow to Cash Flow from Operating Activities, the most directly comparable GAAP measure, for each of the periods indicated is as follows (in thousands):

      Three Months Ended
    December 31,    		   Twelve Months Ended
    December 31,
        2024       2023       2024       2023  
    Cash Flow from Operating Activities $ 11,600     $ 6,051     $ 40,479     $ 30,154  
    Purchase of property and equipment   (2,921 )     (43 )     (3,201 )     (260 )
    Tax distribution to members(1)   (3,002 )     —       (9,106 )     (9,526 )
    Acquisition-related expenses   —       36       20       204  
    Net cash flow provided by operating activities from discontinued operation   —       —       —       (839 )
    Adjusted Free Cash Flow $ 5,677     $ 6,044     $ 28,192     $ 19,733  
                   
     

    (1) Tax distributions to members represents the amount distributed to the members of TWFG Holding Company, LLC in respect of their income tax liability related to the net income of TWFG Holding Company, LLC allocated to its members.

    A reconciliation of Adjusted Diluted Earnings Per Share to diluted earnings per share, the most directly comparable GAAP measure, is as follows:

      Three Months Ended
    December 31,    		   Twelve Months Ended
    December 31,
      2024   2024
    Earnings per share of common stock – diluted $ 0.11   $ 0.19
    Plus: Impact of all LLC Units exchanged for Class A Common Stock(1)   0.04     0.32
    Plus: Adjustments to Adjusted net income(2)   0.04     0.08
    Adjusted Diluted Earnings Per Share $ 0.19   $ 0.59
           
    Weighted average common stock outstanding – diluted   15,056,430     14,982,409
    Plus: Impact of all LLC Units exchanged for Class A Common Stock(1)   41,171,461     41,171,461
    Adjusted Diluted Earnings Per Share diluted share count   56,227,891     56,153,870
           
     

    (1) For comparability purposes, this calculation incorporates the net income that would be distributable if all shares of Class B Common Stock and Class C Common Stock, together with the related LLC Units, were exchanged for shares of Class A Common Stock. For the three months ended and twelve months ended December 31, 2024, this includes $6.6 million and $25.8 million of net income, respectively, on 56,227,891 and 56,153,870 weighted-average shares of common stock outstanding – diluted, for the three and twelve months ended December 31, 2024, respectively. For both the three months ended and twelve months ended December 31, 2024, 41,171,461 weighted average outstanding Class B Common Stock and Class C Common Stock were considered dilutive and included in the 56,227,891 and 56,153,870 weighted-average shares of common stock outstanding – diluted within diluted earnings per share calculation.

    (2) Adjustments to Adjusted Net Income are described in the footnotes of the reconciliation of Adjusted Net Income to Net Income in “Adjusted Net Income and Adjusted Net Income Margin”, which represent the difference between Net Income of $8.2 million and $28.6 million and Adjusted Net Income of $10.5 million and $33.0 million for the three and twelve months ended December 31, 2024, respectively. For the three and twelve months ended months ended December 31, 2024, Adjusted Diluted Earnings Per Share include adjustments of $2.3 million and $4.4 million to Adjusted Net Income, respectively, on 56,227,891 and 56,153,870 weighted-average shares of common stock outstanding – diluted for both periods presented, respectively.

    Key Performance Indicators

    The following presents the disaggregation of Total Written Premium by offerings, business mix and line of business (in thousands):

      Three Months Ended December 31,   Twelve Months Ended December 31,
        2024       2023       2024       2023  
      Amount   % of Total   Amount   % of Total   Amount   % of Total   Amount   % of Total
    Offerings:
    		                              
    Insurance Services                              
    Agency-in-a-Box $ 246,116   68 %   $ 237,678   79 %   $ 982,815   66 %   $ 998,938   80 %
    Corporate Branches   61,642   17       18,806   6       275,331   19       53,963   4  
    Total Insurance Services   307,758   85       256,484   85       1,258,146   85       1,052,901   84  
    TWFG MGA   53,602   15       44,961   15       218,214   15       195,194   16  
    Total written premium $ 361,360   100 %   $ 301,445   100 %   $ 1,476,360   100 %   $ 1,248,095   100 %
                                   
    Business Mix:
    		                              
    Insurance Services                              
    Renewal business $ 236,033   65 %   $ 203,338   67 %   $ 975,657   66 %   $ 827,112   66 %
    New business   71,725   20       53,146   18       282,489   19       225,789   18  
    Total Insurance Services   307,758   85       256,484   85       1,258,146   85       1,052,901   84  
    TWFG MGA                              
    Renewal business   37,741   10       37,797   13       163,105   11       165,348   13  
    New business   15,861   5       7,164   2       55,109   4       29,846   3  
    Total TWFG MGA   53,602   15       44,961   15       218,214   15       195,194   16  
      Total written premium $ 361,360   100 %   $ 301,445   100 %   $ 1,476,360   100 %   $ 1,248,095   100 %
                                   
    Written Premium Retention:
    		                              
    Insurance Services     92 %       92 %       93 %       95 %
    TWFG MGA     84         88         84         89  
    Consolidated     91         91         91         94  
                                   
    Line of Business:
    		                              
    Personal lines $ 292,750   81 %   $ 239,134   79 %   $ 1,197,122   81 %   $ 997,431   80 %
    Commercial lines   68,610   19       62,311   21       279,238   19       250,664   20  
    Total written premium $ 361,360   100 %   $ 301,445   100 %   $ 1,476,360   100 %   $ 1,248,095   100 %
                                     
     

    The MIL Network –

  • MIL-OSI: Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules First Quarter 2025 Conference Call for May 6, 2025

    Source: GlobeNewswire (MIL-OSI)

    MIDLAND, Texas, March 19, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc. (NASDAQ: VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release first quarter 2025 financial results on May 5, 2025 after the market closes.

    In connection with the earnings release, Viper will host a conference call and webcast for investors and analysts to discuss its results for the first quarter of 2025 on Tuesday, May 6, 2025 at 10:00 a.m. CT. Access to the live webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Viper’s website at www.viperenergy.com under the “Investor Relations” section of the site.

    About Viper Energy, Inc.

    Viper is an oil and gas company formed by Diamondback to own, acquire and exploit oil and natural gas properties in North America, with a focus on oil-weighted basins, primarily the Permian Basin in West Texas. For more information, please visit www.viperenergy.com.

    About Diamondback Energy, Inc.

    Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.  For more information, please visit www.diamondbackenergy.com.

    Investor Contact: 
    Chip Seale
    +1 432.247.6218
    cseale@viperenergy.com 

    The MIL Network –

  • MIL-OSI: Great Southern Bancorp, Inc. announces quarterly dividend of $0.40 per common share

    Source: GlobeNewswire (MIL-OSI)

    SPRINGFIELD, Mo., March 19, 2025 (GLOBE NEWSWIRE) — The Board of Directors of Great Southern Bancorp, Inc. (NASDAQ:GSBC), the holding company for Great Southern Bank, declared a $0.40 per common share dividend for the first quarter of the calendar year ending December 31, 2025.

    The dividend will be payable on April 14, 2025, to stockholders of record on March 31, 2025. This dividend represents the 141st consecutive quarterly dividend paid by the Company to common stockholders.

    About Great Southern Bank

    With total assets of $6.0 billion, Great Southern offers a broad range of banking services to commercial and consumer customers. Headquartered in Springfield, Missouri, Great Southern operates 89 retail banking centers in Missouri, Iowa, Kansas, Minnesota, Arkansas and Nebraska and commercial lending offices in Atlanta, Charlotte, Chicago, Dallas, Denver, Omaha, and Phoenix. The common stock of Great Southern Bancorp, Inc. is listed on the Nasdaq Global Select Market under the symbol “GSBC.”

    CONTACT:

    Zack Mukewa,
    Investor Relations,
    (616) 233-0500
    GSBC@lambert.com

    The MIL Network –

  • MIL-OSI: Diamondback Energy, Inc. Schedules First Quarter 2025 Conference Call for May 6, 2025

    Source: GlobeNewswire (MIL-OSI)

    MIDLAND, Texas, March 19, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release first quarter 2025 financial results on May 5, 2025 after the market closes.

    In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the first quarter of 2025 on Tuesday, May 6, 2025 at 8:00 a.m. CT. Access to the live webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Diamondback’s website at www.diamondbackenergy.com under the “Investor Relations” section of the site.

    About Diamondback Energy, Inc.

    Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. For more information, please visit www.diamondbackenergy.com.        

    Investor Contact:
    Adam Lawlis
    +1 432.221.7467
    alawlis@diamondbackenergy.com

    The MIL Network –

  • MIL-OSI USA: Lummis Re-Directs Biden-era EV Fund to Support Critical Wyoming Infrastructure

    US Senate News:

    Source: United States Senator for Wyoming Cynthia Lummis

    Washington, D.C.— U.S. Senator Cynthia Lummis (R-WY) introduced the Highway Funding Flexibility Act which frees up money stuck in accounts intended to fund Biden’s radical EV charger initiative and directs those funds to pay for projects critical for travel and commerce throughout Wyoming.

    “For far too long, the people of Wyoming were forced to endure Biden’s radical EV mandates that dedicated their hard-earned tax dollars toward Green New Deal initiatives that do not effectively serve the state of Wyoming,” said Lummis. “My legislation frees up these funds to address Wyoming’s actual transportation needs without adding to the national debt, rather than forcing Biden-era EV mandates on the Cowboy State.”

    Under the Biden administration, the Infrastructure Investment and Jobs Act provided $5 billion for the National Electric Vehicle Infrastructure (NEVI) Formula Program ($1 billion annually from FY22-FY26), and $2.5 billion from FY22-FY26 for the Charging and Fueling Infrastructure (CFI) Discretionary Grant Program, totaling $7.5 billion.

    In February, President Trump paused this ill-conceived program, giving Congress the ability to redirect appropriated funds stuck in the accounts.

    Despite the hefty price tag and the Biden administration’s desire to force its ill-fitting EV mandate on Wyoming, the funds remain virtually untouched in Wyoming and other states. The Highway Funding Flexibility Act ensures the state of Wyoming can use these existing funds to pay for Wyoming’s highway infrastructure needs, including roads, bridges, truck parking, and wildlife crossings. The bill’s scope for eligible activities includes engineering, design, construction, reconstruction, resurfacing, restoration, and rehabilitation.

    Text for the bill can be found here.

    MIL OSI USA News –

  • MIL-Evening Report: Southern elephant seals are adaptable – but they struggle when faced with both rapid climate change and human impacts

    Source: The Conversation (Au and NZ) – By Nic Rawlence, Associate Professor in Ancient DNA, University of Otago

    Wikimedia Commons/Antoine Lamielle, CC BY-SA

    Southern elephant seals (Mirounga leonina) are an iconic species of the Southern Ocean. But with rapid environmental changes in their ocean home, the seals’ population range has been shifting.

    Once spread across vast areas of the southern hemisphere, these apex predators are facing challenges from both climate shifts and human activities.

    Our new research examines ancient and modern DNA, archaeological records and ecological data.

    It reveals how these large marine mammals have adapted – and sometimes failed to adapt – to such pressures since the height of the last Ice Age thousands of years ago.

    A dynamic evolutionary history

    Today, the largest southern elephant seal populations are found on subantarctic islands, including South Georgia, Macquarie Island and the Falkland Islands. These colonies act as global strongholds for the species.

    Yet in the past, until just a few hundred years ago, many smaller populations existed on the Victoria Land Coast in Antarctica and closer to temperate zones, on mainland Australia and New Zealand.

    Our study focused on the Australasian lineage of southern elephant seals, drawing on samples from these ancient colonies. By analysing their genetic makeup, we pieced together a timeline of their biological heritage, including population expansions and contractions.

    This has crucial implications for understanding the resilience of elephant seals in the face of climate change.

    Subantarctic islands such as the Kerguelen islands remain strongholds for southern elephant seals.
    Antoine Lamielle, CC BY-SA

    From genetic clues in subfossil and archaeological remains, some thousands of years old, we found evidence of repeated population cycles. Expanding sea ice during cold glacial periods forced the seals northward, only for them to recolonise the Southern Ocean as sea ice retreated during warm interglacials.

    This history was particularly dynamic after the height of the last Ice Age 21,000 years ago. The planet started warming then, which led to dramatic ecological shifts.

    A mummified southern elephant seal found on the Victoria Land Coast in Antarctica.
    Brenda Hall, CC BY-SA

    Elephant seals likely expanded from ice-free refuges in temperate regions such as Tasmania and New Zealand into newly available subantarctic and Antarctic coastlines.

    However, this range expansion wasn’t permanent. As the current warm interglacial (the Holocene) progressed, new challenges arose: Indigenous hunting and, later, extensive European industrial sealing.

    For Indigenous communities in New Zealand and Australia, elephant seals were a part of their diet.

    We know this from seal remains in middens (rubbish dumps) and material culture, including necklaces made from elephant seal teeth which have been found in early Māori archaeological sites.

    Archaeological remains from coastal sites in New Zealand and Tasmania indicate significant hunting and reliance on seals by Indigenous populations. Along with human-driven environmental changes, this led to local extinctions.

    Impacts of humans and climate change

    Genetically, the seals from these ancient Australasian and Antarctic colonies were distinct but related. They formed a unique lineage in the Pacific that included Macquarie Island. This genetic diversity likely resulted from periods of isolation in separate refuges at the height of the last Ice Age.

    However, with modern climate shifts and human exploitation, much of this genetic diversity has been lost. The colonies that once thrived on the Victoria Land Coast in Antarctica are now extinct.

    Meanwhile, Macquarie Island is home to a significant breeding colony facing its own challenges. Changes in Antarctic sea ice are increasing the distance between breeding grounds on the island and feeding grounds at sea. This has affected the colony’s stability in recent decades.

    One of the most striking outcomes of our research is how quickly these large, long-lived animals can respond to environmental pressures. Seals adapted to a shifting climate by expanding their range in response to new habitats and retracting when conditions became unsuitable.

    This ability to move and adapt, however, was limited when confronted by the dual pressures of rapid climate change and human exploitation, which reduced their numbers and genetic diversity drastically over a short period.

    This schematic shows living (solid circles) and extinct (opaque circles) southern elephant seal populations and the extent of sea ice around Antarctica (opaque blue-grey) at the height of the last Ice Age.
    Berg et al (2025), CC BY-SA

    Can the Southern Ocean ecosystem adapt?

    As human-driven climate change continues, the Southern Ocean is expected to continue warming. This will cause further habitat loss for species that depend on sea ice and are affected by shifts in the availability of prey.

    The elephant seals’ history offers a window into how marine mammals may respond to these changes. But it also serves as a warning: human impacts, coupled with environmental pressures, can lead to swift, sometimes irreversible declines.

    Our research underscores the importance of conserving the genetic diversity and habitats of southern elephant seals. These seals are not just a testament to adaptability in a changing world; they are reminders of the vulnerability of even the most resilient species.

    Protecting their remaining strongholds and minimising human impacts on their food sources and breeding grounds will be crucial if we hope to avoid further contractions in their population.

    The story of the southern elephant seal is one of survival, adaptation and loss. As we face our own climate challenges, we must consider the lessons embedded in their genetic and ecological history.

    It’s a reminder that while nature often adapts to change and can weather some ecosystem threats, human-driven impacts can push even the most adaptable species beyond the point of recovery.

    Nic Rawlence receives funding from the Marsden Fund.

    Mark de Bruyn received funding from a Griffith University New Investigator grant.

    Michael Knapp 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. Southern elephant seals are adaptable – but they struggle when faced with both rapid climate change and human impacts – https://theconversation.com/southern-elephant-seals-are-adaptable-but-they-struggle-when-faced-with-both-rapid-climate-change-and-human-impacts-251820

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Europe: OCEANIA/PAPUA NEW GUINEA – Resignation and succession of metropolitan archbishop of Mount Hagen

    Source: Agenzia Fides – MIL OSI

    Tuesday, 18 March 2025

    Vatican City (Agenzia Fides) – The Holy Father has accepted the resignation from the pastoral care of the metropolitan archdiocese of Mount Hagen, Papua New Guinea, presented by Archbishop Douglas William Young, S.V.D.He is succeeded by Archbishop Clement Papa, until now Coadjutor Archbishop of the same See.His Exc. Msgr. Clement Papa was born on 22 February 1971 in Mount Hagen, Western Highlands, (Papua New Guinea).He studied philosophy at the Good Shepherd Seminary in Maiwara, Madang, and, after a pastoral and spiritual experience, he studied theology at the Holy Spirit Seminary and the Catholic Theological Institute in Bomana, National Capital District. He was ordained a priest on 3 December 1999 for the Metropolitan Archdiocese of Mount Hagen.He has held the following positions and continued his studies: Assistant Parish Priest of Fatima (2000-2001); Parish Priest of Kol-Ambulua (2002-2003); Licentiate in Dogmatic Theology at the Pontifical Urbaniana University in Rome (2006); Chaplain at Holy Trinity Teachers College (2007); Dean of Studies at Good Shepherd Seminary in Mt. Hagen (2008); Doctorate in Theology at Melbourne College of Divinity (2021); Lecturer at Good Shepherd Seminary (2021); Rector of Good Shepherd Seminary (2011-2014; 2022); Member of the Finance Committee and Member of the Board of Trustees of the Archdiocese (2011-2014; 2023); since 2023 he has been the interim Director of the Spiritual Year at the Good Shepherd Seminary. (Agenzia Fides, 18/3/2025)
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    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – The EU’s digital transformation programmes and the European funds that have been disbursed to achieve it – E-001032/2025

    Source: European Parliament

    Question for written answer  E-001032/2025
    to the Commission
    Rule 144
    Francesco Torselli (ECR), Carlo Fidanza (ECR), Denis Nesci (ECR), Mariateresa Vivaldini (ECR), Chiara Gemma (ECR), Alberico Gambino (ECR), Sergio Berlato (ECR), Giovanni Crosetto (ECR), Francesco Ventola (ECR), Marco Squarta (ECR), Elena Donazzan (ECR), Michele Picaro (ECR), Lara Magoni (ECR), Antonella Sberna (ECR), Daniele Polato (ECR), Alessandro Ciriani (ECR), Pietro Fiocchi (ECR), Giuseppe Milazzo (ECR)

    Digital technology and infrastructure are an integral part of our daily lives, as they determine how we work and communicate and are also vital to advancing scientific progress and responding to current environmental challenges.

    The COVID-19 pandemic showed just how important it is for Europe to avoid depending on non-EU systems and solutions. Russia’s war of aggression against Ukraine has further highlighted the vulnerabilities of our digital supply chains and the importance of investing in cybersecurity and drastically improving Europe’s digital capabilities.

    The EU has set up a number of programmes to support the digital transformation of industries, SMEs and public administrations. One of them is Digital Europe (DIGITAL), which enables the EU to respond to these challenges by funding projects in key areas such as supercomputing, artificial intelligence, cybersecurity and advanced digital skills as well as initiatives which aim to ensure the widespread use of digital technologies across the economy and society.

    In view of President von der Leyen’s announcement of the launching of InvestAI (an initiative that will mobilise a further EUR 200 billion in funds, of which EUR 20 billion will be set aside for a European fund for AI gigafactories), could the Commission clarify how much has been spent so far to achieve the digital transition for European citizens and businesses?

    Supporter[1]

    Submitted: 10.3.2025

    • [1] This question is supported by a Member other than the authors: Stefano Cavedagna (ECR)

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Measures to allow young couples and young people to become homeowners – E-002949/2024(ASW)

    Source: European Parliament

    The Commission shares the Honourable Member’s concerns about the housing situation in Greece and in the whole EU. The Commission has thus appointed a Commissioner for Energy and Housing and established a Task Force for Housing to coordinate the different work strands

    Although the responsibility for housing rests mainly with Member States, regions and local authorities, the Commission will assess how it can continue to contribute to mitigating the housing crisis at the European level, including for youth.

    The Commission will consult stakeholders in 2025 to better understand all the issues on housing and put forward a European Affordable Housing Plan.

    Various EU funds are already available for Member States and local authorities to support social and affordable housing[1]. In addition, the Greek Recovery and Resilience Plan (RRP) foresees two financial instruments[2] that aim addressing pertinent challenges in Greece’s housing market.

    They constitute parts of a more comprehensive housing strategy that is also included in the Plan and will be implemented in Greece in the coming period.

    Complementary actions under RRP, the cohesion policy also co-finance energy efficiency in housing in Greece.[3] In addition, the Plan contains measures that aim to renovate more than 100 000 residences to significantly save primary energy[4].

    Furthermore, in respect of funding and financing, the Commission will continue working closely with international financial institutions, national promotional banks and other relevant stakeholders[5] to make sure that housing is more affordable, in particular for young people and families.

    Procedures for buying a house are governed by national civil law. Hence, simplification thereof falls within the remit of Member States.

    • [1] To assist Member States, the Commission has published a toolkit that provides an overview of available EU funding opportunities in housing: Social Housing and beyond. https://european-social-fund-plus.ec.europa.eu/en/news/commission-launches-toolkit-support-social-housing-member-states The Recovery and Resilience Facility; the European Regional Development Fund; the European Social Fund Plus; the InvestEU; the Horizon Europe; the Technical Support Instrument; the Single Market Programme; the Asylum, Migration and Integration Fund; the Social Climate Fund. Details on each EU support in the toolkit. In addition, the Cohesion Fund and the Just Transition Fund also support the investments in the energy efficiency of housing stock. Details are available in story ‘how cohesion policy supports housing’ at the Cohesion open data platform.
    • [2] Loans finance for: (i) the acquisition of primary residence for targeted population groups — program “My Home II” (EUR 1 billion); (ii) energy efficiency renovations of existing properties — program “Upgrade My Home” (EUR 300 million).
    • [3] Under the 2021-27 programming period, cohesion policy co-finances with some EUR 751 million interventions for energy efficiency in housing.
    • [4] To date, and according to the most recent updated by the Greek authorities, more than 44,000 renovations have been completed.
    • [5] https://ec.europa.eu/commission/presscorner/detail/en/ip_25_671
    Last updated: 19 March 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Energy security in the context of the war in Ukraine and sanctions on Russia – E-002812/2024(ASW)

    Source: European Parliament

    Following the Russian invasion of Ukraine in 2022, the EU has acted firmly to cut its reliance on Russian energy. REPowerEU[1], adopted in May 2022, sets out a plan to fast forward the clean transition, diversify supplies, and enhance EU energy resilience.

    The EU phased out Russian coal imports. Oil is down from almost a third to 3% of total EU imports. In terms of gas, the EU reduced its Russian gas imports from over 45% in 2021, to 19% in 2024, replacing it with alternatives from trusted international partners.

    However, Russian energy, particularly gas, remains in the EU energy mix. To address this, the Commission plans to swiftly adopt a Roadmap to end Russian energy imports by fully implementing REPowerEU.

    Regarding infrastructure, gas will remain important for the EU’s energy mix in the coming years. The Commission is monitoring ongoing projects, especially Projects of Common Interest and selected REPowerEU projects funded by the Recovery and Resilience Facility, which are vital for EU’s energy security.

    Completion of these projects will enable the EU to eliminate Russian gas dependency. However, the EU must focus on rapid electrification, renewable energy integration and investing in electricity interconnections as outlined in the Grids Action Plan[2], to meet climate goals and enhance energy resilience.

    Given the EU’s climate policy direction and interconnected gas markets, further EU budget support for new gas infrastructure cannot be justified anymore, once ongoing projects are completed.

    The Energy and Housing Commissioner will present a Clean Energy Investment Strategy in 2025.

    • [1] https://commission.europa.eu/publications/key-documents-repowereu_en
    • [2] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM%3A2023%3A757%3AFIN&qid=1701167355682

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Fashion-sector companies unable to the EU ‘Fit for 55’ plan’s carbon footprint targets – E-002513/2024(ASW)

    Source: European Parliament

    The Commission acknowledges the importance of the textile sector, including the fashion industry, for the European economy, culture and creativity.

    At the same time, textile production and consumption have major effects on the environment and on climate change, as underlined in the EU Strategy for Sustainable and Circular Textiles[1] and the European Environment Agency report[2]. The EU Strategy for Sustainable and Circular Textiles proposed an agenda to support the sector’s shift towards the green transition.

    Reducing environmental and climate impacts from textiles is essential to achieve a sustainable transition and to meet the climate targets set under the EU ‘Fit for 55’ legislative package.

    The Commission recognises the importance of mobilising investments and supporting operators in adopting circular business models and processes .

    In this respect, the Commission has put forward a proposal for a co-programmed European Partnership ‘Textiles of the Future’[3] under Horizon Europe[4] under the second Horizon Europe Strategic Plan 2025- 2027[5].

    In the 2021-2027 Multiannual Financial Framework and NextGenerationEU, EUR 658 billion is allocated to spending for climate-relevant objectives.

    In most of the EU funding programmes (including Recovery and Resilience Facility[6], the InvestEU programme[7], Cohesion Funds[8], or Horizon Europe[9]) investments on decarbonisation are eligible for all sectors including fashion.

    In addition, textile companies, and in particular small and medium-sized enterprises[10], can be supported through the Enterprise Europe Network[11], the Eurocluster initiative[12], the European Circular Economy Stakeholder Platform[13], and through the Transition Pathway for the Textiles Ecosystem[14].

    • [1]  COM(2022) 141 final, https://environment.ec.europa.eu/publications/textiles-strategy_en
    • [2] EEA (2022), https://www.eea.europa.eu/publications/textiles-and-the-environment-the
    • [3] Innovative actions such as small scale demonstration, piloting of new technologies and innovative business models for competitive manufacturing of sustainable textile products may be funded under the partnership.
    • [4] https://research-and-innovation.ec.europa.eu/funding/funding-opportunities/funding-programmes-and-open-calls/horizon-europe_en
    • [5] https://research-and-innovation.ec.europa.eu/funding/funding-opportunities/funding-programmes-and-open-calls/horizon-europe/strategic-plan_en
    • [6] https://commission.europa.eu/business-economy-euro/economic-recovery/recovery-and-resilience-facility_en
    • [7] https://investeu.europa.eu/investeu-programme_en
    • [8] https://ec.europa.eu/regional_policy/funding/cohesion-fund_en
    • [9] https://research-and-innovation.ec.europa.eu/funding/funding-opportunities/funding-programmes-and-open-calls/horizon-europe_en
    • [10] Small and medium-sized enterprises represent more than 99% of the companies active in the EU textile sector (Eurostat).
    • [11] https://een.ec.europa.eu/
    • [12] https://www.clustercollaboration.eu/euroclusters
    • [13]  https://circulareconomy.europa.eu/platform/en
    • [14] https://single-market-economy.ec.europa.eu/sectors/textiles-ecosystem/textiles-transition-pathway_en

    MIL OSI Europe News –

  • MIL-OSI Africa: SA gears up for Water Investment Summit

    Source: South Africa News Agency

    Water and Sanitation Minister Pemmy Majodina is set to host the preparatory meeting for the African Union-Africa Water Investment Programme (AU-AIP) Water Investment Summit 2025.

    The meeting is scheduled to take place on the sidelines of the International Water Association (IWA) Congress, currently underway in Cape Town.

    The department said the preparatory meeting, to take place on Thursday, is a critical step towards the AU-AIP Water Investment Summit, scheduled to take place at Cape Town in August.

    “The summit aims to mobilise at least USD 30 billion annually for climate-resilient water and sanitation initiatives across Africa, aligning with South Africa’s G20 Presidency priorities on economic growth, climate sustainability, and enhanced financing for development,” the Department of Water and Sanitation (DWS) said on Wednesday.

    The preparatory meeting will bring together key stakeholders, including government representatives, international development agencies, private sector investors, and civil society organisations, to refine the objectives, thematic areas, and expected outcomes of the summit scheduled for August.

    “The meeting will also serve as a platform to consolidate bilateral partnerships and secure commitments. Additionally, it will ensure that the summit aligns with South Africa’s G20 Presidency goals and effectively contributes to water security and investment mobilisation in Africa,” the department said.

    Among the delegates expected to participate at the summit, include:
    •    Jakaya Kikwete, former President of the United Republic of Tanzania, chair of the Global Water Partnership Southern Africa (GWPSA), and co-chair of the Africa Water Investment Panel, which includes sitting and former Presidents and eminent leaders (President Cyril Ramaphosa of South Africa is also a member of the AIP Panel).
    •   Arif Alkalali, General Supervisor of the General Directorate for Water Resources in the Ministry of Water, Environment, and Agriculture, Kingdom of Saudi Arabia.
    •    Anxious Jongwe Masuka, Minister of Lands, Agriculture, Water, and Rural Resettlement, Zimbabwe.
    •    Collins Nzovu, Minister of Water Development and Sanitation, Republic of Zambia.
    •    Dr Cheikh Tidiane Dièye, Minister of Water and Sanitation, Republic of Senegal, and President of the African Ministers’ Council on Water (AMCOW). – SAnews.gov.za
     

    MIL OSI Africa –

  • MIL-OSI USA: As Measles Cases Spread, NYS Encourages Immunization

    Source: US State of New York

    Based on immunization registry data, the current statewide vaccination rate for babies up to two years old, excluding New York City, is 81.4 percent. This is the percent of children who have received at least one dose of the Measles-Mumps-Rubella (MMR) vaccines. However, actual vaccination coverage among school-age children is higher, typically around 90 percent.

    Individuals should receive two doses of the MMR vaccine to be protected. Those who aren’t sure about their immunization status should call their local health department or health care provider. Those who were born before 1957 have likely already been exposed to the virus and are immune. Those born between 1957 and 1971 should check with a doctor to ensure they’ve been properly immunized as vaccines administered during that time may not have been reliable.

    Those who travel abroad should make sure they are vaccinated for measles. Babies as young as 6 months can get an MMR if they are traveling abroad. The babies should get their MMRs on schedule and need a total of three MMRs.

    The State Health Department is monitoring the situation very carefully, along with the New York City Department of Health and Mental Hygiene. Local health departments in each county are prepared to investigate cases and distribute vaccines or other protective measures as needed.

    “As measles outbreaks occur at home and around the globe, it’s critical that New Yorkers take the necessary steps to get vaccinated, get educated and stave off the spread of this preventable disease — the safety of our communities depends on it.”

    Governor Hochul

    NYC Health Department Acting Commissioner Dr. Michelle Morse said, “To date, the NYC Health department has confirmed three unrelated cases of measles in New York City. Disease surveillance and outbreak response readiness is at the heart of our agency’s operations. Measles is highly contagious and can be deadly. We strongly encourage people who have not been vaccinated to get vaccinated and make sure your children have received the MMR (measles, mumps, rubella) vaccines. Vaccination not only protects the person who gets vaccinated, but also contributes to community protections by helping stop the spread of the disease and keeping infants and others who can’t be vaccinated safe.”

    State Senator Gustavo Rivera said, “The four reported cases of measles in New York State this year are not only concerning but also, a stern reminder that we must keep our recommended immunizations up to date. I want to thank Governor Hochul and Commissioner McDonald for launching a portal to provide support to health care providers who are our first line of defense when it comes to public health. Measles could pose serious health risks for those who contract it and are not protected so it is critical that we follow the science and don’t fall behind on immunizations.”

    Assemblymember Amy Paulin said, “The science is clear – the measles vaccine works. I encourage everyone to get vaccinated, and I appreciate Governor Hochul and State Health Commissioner McDonald’s efforts to provide New Yorkers and healthcare providers with the support, education, and resources for this lifesaving immunization.”

    Misinformation around vaccines has in recent years contributed to a rise in vaccine hesitancy, declining vaccination rates and a black market for fraudulent vaccination records. The Department takes an active role in combating vaccination fraud. This includes work by the Department’s Bureau of Investigations identifying, investigating, and seeking impactful enforcement actions against those who falsify vaccine records, as evidenced by several recent cases announced by the Department.

    Combating vaccine fraud is a collective effort that includes various stakeholders responsible for community health and safety. The Department works with schools to help them fulfill their responsibility of reviewing vaccination records for fraud. Additionally, the Department partners with the New York State Education Department, local health departments and school-nurse professional organizations around this critical effort. Moreover, the Department’s Bureau of Investigations, in particular, works to educate, engage and support police and prosecutors statewide regarding vaccination fraud, which under New York law is a felony-level criminal offense.

    Measles is a highly contagious, serious respiratory disease that causes rash and fever. In some cases, measles can reduce the immune system’s ability to fight other infections like pneumonia.

    Serious complications of measles include hospitalization, pneumonia, brain swelling and death. Long-term serious complications can also include  subacute sclerosing panencephalitis, a brain disease resulting from an earlier measles infection that can lead to permanent brain damage.

    People who are infected with measles often get “measles immune amnesia,” which causes their immune system to lose memory to fight other infections like pneumonia. In places like Africa, where measles is more common, this is the largest driver of mortality.

    Measles during pregnancy increases the risk of early labor, miscarriage and low birth weight infants.

    Measles is caused by a virus that is spread by coughing or sneezing into the air. Individuals can catch the disease by breathing in the virus or by touching a contaminated surface, then touching the eyes, nose, or mouth. Complications may include pneumonia, encephalitis, miscarriage, preterm birth, hospitalization and death.

    The incubation period for measles is up to 21 days. People who are exposed to measles should quarantine 21 days after exposure and those who test positive should isolate until four days after the rash appears.

    Symptoms for measles can include the following:

    7-14 days, and up to 21 days after a measles infection

    • High fever
    • Cough
    • Runny nose
    • Red, watery eyes

    3-5 days after symptoms begin, a rash occurs

    • The rash usually begins as flat red spots that appear on the face at the hairline and spread downward to the neck, trunk, arms, legs and feet.
    • Small, raised bumps may also appear on top of the flat red spots.
    • The spots may become joined together as they spread from the head to the rest of the body.
    • When the rash appears, a person’s fever may spike to more than 104° Fahrenheit.

    A person with measles can pass it to others as soon as four days before a rash appears and as late as four days after the rash appears.

    MIL OSI USA News –

  • MIL-OSI USA: Governor Launches Long Island Seafood Cuisine Trail

    Source: US State of New York

    overnor Kathy Hochul today announced the launch of the Long Island Seafood Cuisine Trail. Officially opened today, the South Shore Trail runs from Bay Shore to Montauk and is intended to drive business and tourism to locations proudly serving and selling locally raised and wild-caught, sustainably harvested fish and shellfish while promoting Long Island’s seafood industry. The Trail is a part of the State’s Blue Food Transformation initiative, first announced in the Governor’s 2024 State of the State proposal, which was created to reinvigorate New York’s aquaculture and wild-caught seafood industries and strengthen local food systems.

    “Long Island’s aquaculture and seafood industries are vital to New York’s agricultural economy – they create jobs, support a healthy environment, and provide New Yorkers with fresh, nutritious seafood,” Governor Hochul said. “The Long Island Seafood Cuisine Trails highlight the amazing fish and shellfish harvested locally, showcase our outstanding small businesses, and attract more visitors to this incredible region.”

    Long Island Seafood Cuisine Trails

    Today’s announcement was made at a special ribbon cutting ceremony at The Snapper Inn in Oakdale where State Agriculture Commissioner Richard A. Ball joined representatives from Cornell Cooperative Extension (CCE) of Suffolk County, state and local elected officials, local business owners, and other partners to unveil the first of two planned Long Island Seafood Cuisine Trails. The Snapper Inn is on the western end of the South Shore Trail, which will include 20 official locations and other points of interest to spotlight New York’s seafood industry, and drive visitors to businesses that serve and sell locally wild-caught, sustainably harvested fish and shellfish. The North Shore Trail, which will run from Oyster Bay to Greenport, is under development and slated to launch in the coming months.

    The event also featured a sneak peek of the forthcoming Long Island Seafood Cuisine Trail digital app, which will make it even easier for customers to discover Long Island establishments serving seafood-centric dishes. Currently under development, the app will guide customers to Long Island establishments where they can enjoy a fine local seafood meal, pick up a variety of oysters for a local oyster tasting, take-out a quick seafood lunch, or fillets from a local seafood shop to prepare a fish dinner at home. An online version of the app is available on the Long Island Seafood Trail website, and the mobile app is expected to be available on the Apple App Store and Google Play in the coming weeks.

    Visitors are encouraged to follow the trail for locations that are known to appreciate and celebrate the bounty of Long Island’s waters while boosting business and supporting local fishing communities. Regional points of interest and local events are also integrated into the app to support a full tourism experience. Visit the Seafood Trail page on the Local Fish website for more information.

    The Trail was created by CCE of Suffolk County’s Marine Program, in collaboration with the New York State Department of Agriculture and Markets (AGM). AGM additionally worked closely with the New York State Department of Transportation (DOT) on the designation of the trails. A list of trail stops is available on the AGM website.

    New York State Agriculture Commissioner Richard A. Ball said, “Long Island’s waters are abundant with fresh, delicious fish and shellfish, and our seafood industry works tirelessly in harvesting and raising these local delicacies. I encourage New Yorkers to visit any number of the many stops on the new Long Island Seafood Cuisine Trail to discover some delicious foods and help support our local aquaculture community.”

    Cornell Cooperative Extension Suffolk Executive Director Vanessa Lockel said, “The CCE Suffolk Marine Program plays a key role in preserving Long Island’s waterways through science, restoration, and education. We are proud to have partnered on the Long Island Seafood Cuisine Trail, a project that aligns with our mission by highlighting the region’s aquaculture and seafood industries—industries that are critical to both our economy and the health of our environment.”

    Seafood Processing Feasibility Study

    Also funded through the Governor’s Blue Food Transformation initiative, CCE of Suffolk County has engaged industry stakeholders and conducted research to define and mitigate challenges necessary to expand capacity for seafood processing on Long Island. The project examines operating models, locations, basic facility design, and capital budget as a baseline for standalone seafood processing facilities. A final draft report will be presented for industry feedback at the Long Island Seafood Summit this month.

    Inter-Agency Task Force

    In addition to the cuisine trails and feasibility study, the Governor also announced that AGM, the Department of Environmental Conservation, Empire State Development, Department of Health, New York Sea Grant, and other agencies involved in the production and marketing of seafood formed the New York State Seafood Interagency Workgroup. The group was tasked with evaluating and coordinating state policies and programs that impact aquaculture licensing, food safety, and economic development measures, and considering pathways for industry growth. The Workgroup’s final report is available online at the AGM website.

    New York State has a diverse sustainable wild-caught seafood industry and growing aquaculture industry that harvest a variety of products including finfish, kelp, and shellfish. Commercial fishermen on Long Island sustainably harvested over 16 million pounds of finfish in 2023, worth over $28 million dollars. Montauk, the state’s largest commercial fishing port, is 51st in the nation for wild-caught seafood based on poundage, and 53rd in the nation based on dollar value.

    From Long Island to the Finger Lakes, both small-scale and commercial-scale aquaculture operations grow fresh, safe, and sustainable seafood, and harvest wild-caught, sustainable fish. According to the most recent USDA Census of Agriculture, the aquaculture industry accounts for over 25 percent of farms on Long Island, with 155 operations in Suffolk County and 15 in Nassau County.​ Combined, the two counties generated over $14.5 million in sales in 2022.

    Department of Environmental Conservation Acting Commissioner Amanda Lefton said, “Thanks to Governor Hochul’s sustained support and protection of the South Shore’s irreplaceable marine habitat and resources, the Long Island Seafood Cuisine Trails initiative is gearing up to launch its first segment and celebrate the fantastic seafood associated with Long Island’s vibrant coastal culture and maritime traditions. DEC appreciates the work of our partners at the Department of Agriculture and Markets and their work to support local hatcheries, boosting the Long Island’s shellfish farming economy and complementing the State’s ongoing efforts to ensure the success of New York’s commercial fishing industry while protecting seafood for consumers.”

    New York State Department of Transportation Commissioner Marie Therese Dominguez said, “Long Island is one of the epicenters of New York’s internationally recognized food and beverage industry, with its world-renowned vineyards, rich farmlands and storied fishing history. The Long Island Seafood Cuisine Trail, which New York State DOT proudly supports, will enhance sustainable and healthy aquaculture and is a perfect way for South Shore residents and visitors to take in Long Island’s pristine beaches and native wildlife, while enjoying some of the most nutritious and delicious seafood anywhere in the world. See you on the Trail!”

    Empire State Development President, CEO and Commissioner Hope Knight said, “The new Long Island Seafood Cuisine Trail will showcase the world class culinary offerings available to residents and visitors alike across the South Shore. This will highlight the importance of the region’s aquaculture industry and introduce more people to the unique small businesses that are vital to local economies.”

    Long Island Farm Bureau Director Rob Carpenter said, “Commercial fishing and aquaculture are very important legacy industries on Long Island. Our fishermen, baymen, and oyster growers provide residents with some of the highest quality and most flavorful seafood found anywhere in the world. This seafood trail will help to promote the incredible restaurants, shops, and seafood products available right in our own backyard for residents to experience and enjoy.”

    Long Island Oyster Growers Association President Eric Koepele said, “If Dorothy hailed from Long Island, every oyster shell trail would skip Oz for a seafood paradise like The Snapper Inn—where local oysters are shining gems behind the curtain. I encourage visitors to check out more beautiful locations over the rainbow on the Long Island Seafood Cuisine Trail to sample the best of Long Island’s delicious, fresh, local oysters.”

    Long Island Commercial Fishing Association Executive Director Bonnie Brady said, “For far too long, consumers and visitors to Long Island had to be “in the know,” to find the local specials of the day from restaurants, seafood shops, and boat-to-table small businesses. Now with the app, anyone can find the freshest Long Island seafood meal, north or south, no matter which Fork they live on or are visiting!”

    Discover Long Island President and CEO Kristen Reynolds said, “Long Island’s rich maritime heritage and world-class seafood industry are key drivers of tourism and economic vitality for our region. As Long Island’s only accredited destination marketing organization with an audience of more than 10 million global viewers, we look forward to sharing this exciting new product, encouraging both locals and visitors to explore and support the small businesses, restaurants, and coastal communities that make our destination truly unique.”

    New York State Restaurant Association President and CEO Melissa Fleischut said, “With its vibrant culinary scene, Long Island is renowned for its outstanding restaurants, and we’re delighted to see Governor Hochul and other state leaders continue their support for local businesses across the state. The summer months are a peak time for tourism, making the launch of the Long Island Seafood Cuisine Trails especially timely. We are eager to see the positive impact this initiative will have on the region’s restaurant industry, driving both awareness and visitors to these local establishments.”

    State Senator Michelle Hinchey said, “Cuisine trails are roadmaps to some of the best local food New York has to offer, guiding people to delicious meals and products while supporting the small businesses that serve them. The launch of the Long Island Seafood Cuisine Trails adds a new layer to New York’s expanding food trail system and we were proud to move this initiative forward in last year’s budget. It’s exciting to see the trail come to fruition, knowing it will give locals and visitors the chance to try the freshest catches, explore new communities, and discover hidden gems along the way.”

    Assemblymember Donna Lupardo said, “I’m very pleased that the Long Island Seafood Cuisine Trail is up and running. We included the Blue Food Transformation Initiative in last year’s state budget to support New York’s aquaculture industry and initiatives like this. Cuisine Trails have proven to be very popular as they promote local food and farm businesses through agri-tourism. This new Trail and digital app will shine a spotlight on the locally raised and harvested fish and shellfish that Long Island is known for.”

    Assemblymember Jarett Gandolfo said, “Long Island’s seafood industry isn’t just a key part of our local economy, it’s part of who we are. From family-owned restaurants to hardworking fishermen, so many livelihoods depend on a thriving aquaculture industry. The launch of the Long Island Seafood Cuisine Trail is a great way to highlight and support these businesses while also giving residents and visitors the chance to experience the incredible seafood our waters provide. Investing in our local seafood industry means protecting jobs, strengthening Long Island’s tourism, and preserving a tradition that has been passed down for generations. I’m genuinely excited to see this take off and be able to see the positive impact it will have on our community.”

    Town of Islip Supervisor Angie Carpenter said, “Long Island’s waterways are one of our greatest natural resources, and initiatives like the Seafood Cuisine Trail not only celebrate our long-standing maritime heritage but also support the hardworking individuals who sustain our local seafood industry. Through our Town’s Shellfish Hatchery initiative, we are committed to protecting water quality, replenishing shellfish populations, and ensuring that locally harvested seafood remains a cornerstone of our economy and culture. I’m proud to stand alongside so many dedicated partners today as we continue working toward a thriving, sustainable future for Long Island.”

    The Blue Food Transformation Initiative was announced in the Governor’s 2024 State of the State proposal to increase consumer demand for local food and strengthen the local food system. The effort will include $5 million in infrastructure funding to bolster marine agriculture, promote a healthy natural environment, and provide New Yorkers with a nutritious source of locally grown seafood. These investments build on the Governor’s commitment to boost demand for New York agricultural products, bolster New York’s food supply chain, and ensure all New Yorkers can access fresh, local foods. This includes the Governor’s Executive Order 32 directing State agencies to increase the percentage of food sourced from New York farmers and producers to 30 percent of their total purchases within five years.

    New York State continues to prioritize increasing access to food for all New Yorkers and providing new markets for farmers through a number of programs and initiatives, including the enhanced FreshConnect Fresh2You initiative, the Farmers’ Market Nutrition Programs, the Urban Farms and Community Gardens Grants Programs, and more. The Department also administers the Nourish New York program, which is slated for an additional $5 million investment in the Governor’s proposed Executive Budget this year.

    The NYS 30 percent Initiative for schools, the State’s Farm-to-School program, and child nutrition programs administered by the State Education Department are focused on buying more local products from New York farmers and increasing healthy and nutritious local foods for New York school lunches.

    Additionally, the Governor is dedicating $50 million over five years to support regional cooking facilities that will facilitate the use of fresh New York State farm products in meal preparation for K-12 school children and a $10 million grant program to support the establishment of farm markets, supermarkets, food cooperatives, and other similar retail food stores, along with supporting infrastructure in underserved communities and regions of the State.

    Learn about the AGM’s programs and initiatives focused on providing new markets for farmers, increasing food access to underserved communities, and building healthier communities on the AGM website at the “Healthy Communities” page.

    MIL OSI USA News –

  • MIL-OSI Security: Bonanno Crime Family Soldier Sentenced to 37 Months’ Imprisonment for Extortionate Collection of Credit

    Source: Office of United States Attorneys

    Defendant Continued to Demand Payments from Victim While Facing Charges for Illegal Collection of a Debt and Under Court Supervision

    Earlier today, in federal court in Brooklyn, John Ragano, also known as “Bazoo,” a member of the Bonanno organized crime family, was sentenced by United States District Judge Hector Gonzalez to 37 months in prison for extortionate collection of credit in connection with a $150,000 loan.  The sentence imposed today will be served following the completion of Ragano’s 57-month sentence for the conspiracy to commit extortionate collection of credit of the same victim.  Additionally, as part of the sentence, Ragano was ordered to pay the government $3,000 in forfeiture.  Ragano was convicted of the charge in October 2024 following a four-day jury trial.

    John J. Durham, United States Attorney for the Eastern District of New York and Leslie R. Backschies, Acting Assistant Director in Charge, Federal Bureau of Investigation, New York Field Office (FBI), announced the sentence.

    “Today’s sentence punishes Ragano’s blatant disregard for the law, even while under court supervision for crimes brazenly carried out within the federal courthouse,” stated United States Attorney Durham.  “This prosecution represents my Office’s steadfast commitment to combatting the Mafia in our district.”

    “Despite previous arrests and detention, John Ragano tormented his victim to make weekly exorbitant loan payments and enforced humiliating methods when faced with resistance,” stated Acting FBI Assistant Director in Charge Backschies.  “His actions reflected his apathy to the criminal justice system as he repeatedly attempted to extort his victims in the midst of active legal proceedings. Today’s verdict emphasizes the FBI’s intolerance of the mob’s historical inclination to utilize coercive and threatening tactics to fulfill their greedy demands.

    In early 2021, the defendant Ragano loaned the victim $150,000 in cash and required the victim to make interest payments of approximately $1,800 a week.  These payments did not reduce the principal of the $150,000 loan.  On September 14, 2021, Ragano was arrested in connection with the extortionate loan to the victim, as well as separate schemes to traffic marijuana and commit fraud.  After Ragano was released on bond from the Metropolitan Detention Center in December 2021, he continued to try to collect the $150,000 loan from the victim while under pretrial supervision.  He did so by approaching the victim in-person at status conferences held at the federal courthouse, and by directing another individual (Individual #1) to contact the victim.  On November 28, 2022, Ragano pleaded guilty to conspiring to issue the extortionate loan to the victim.  However, in 2023, despite his previous guilty plea, ongoing court supervision, and sentence to 57 months’ imprisonment in connection with his previous guilty plea as to the 2021 loan, Ragano continued to extort the victim to collect payments on the 2021 loan, which resulted in a subsequent indictment for extortionate collection of credit and harassment of a witness.

    As proven during Ragano’s October 2024 trial, on March 25, 2023, the victim recorded a meeting with Individual #1, who explained that Ragano wanted the entire amount of the loan repaid and that “nobody’s looking for anybody to get hurt.” A week later, on March 31, 2023, Individual #1 told the victim that Ragano was “a little upset” that the loan was outstanding.  On July 5, 2023, the victim went to a used auto parts yard where Ragano worked to discuss the loan.  Unbeknownst to Ragano, the victim recorded the meeting.  The victim told Ragano that he was going to stop repaying the loan. Ragano accused the victim of cooperating with the government and demanded that he remove all his clothes. Ragano stated: “Okay, well then take off your f–king s–t right now my man.  Take off your f–king pants right now, lemme see, I want to see.”  At Ragano’s insistence, the victim complied and took off all his clothing. At that point, two men at the business walked up behind Ragano, one of whom was holding metal tools.  Ragano then demanded the victim pay the money the defendant believed he was owed, telling him, “You owe me my f—king money, let’s see how you’re gonna do when I get out.”  Despite being forced to strip naked, the victim was still able to record the confrontation, including Ragano’s parting words, “I’ll see you when I get out tough guy…Don’t forget I know where you’re at now.”

    The government’s case is being handled by the Office’s Organized Crime and Gangs Section.  Assistant United States Attorneys Devon Lash and Andrew D. Reich are in charge of the prosecution with the assistance of Paralegal Specialist Kristina Kim.  Assistant United States Attorney Tanisha Payne of the Office’s Asset Recovery Section is handling forfeiture matters.

    The Defendant:

    JOHN RAGANO (also known as “Bazoo”)
    Age:  62
    Franklin Square, Long Island

    E.D.N.Y. Docket No. 24-CR-50 (HG)

    MIL Security OSI –

  • MIL-OSI USA: Cortez Masto, Wyden Demand Answers on DHS, DOGE Requests to Access Sensitive IRS Information

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto
    Washington, D.C. – U.S. Senator Catherine Cortez Masto (D-Nev.) and Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) led 15 of their Democratic Senate colleagues in a letter to Internal Revenue Service (IRS) Acting Commissioner Melanie Krause, IRS Acting Chief Counsel Andrew De Mello, and Department of Homeland Security (DHS) Secretary Kristi Noem demanding answers on reports that DHS and the “Department of Government Efficiency” have illegally requested sensitive taxpayer information from the IRS. The Senators also expressed concern at the abrupt replacement of previous Acting Chief Counsel William Paul.
    “We write about alarming reports that the Department of Homeland Security (DHS) has asked for unprecedented access to private taxpayer data from the Internal Revenue Service (IRS),” wrote the Senators. “Elon Musk and his associates at the so-called Department of Government Efficiency (DOGE) have also reportedly sought to cross-reference taxpayer data with sensitive personal data held by other agencies that provide public benefits.”
    According to a Washington Post report, DHS officials requested the IRS turn over home addresses, phone numbers, and email addresses of over 700,000 people in an apparent attempt to weaponize the tax system against those suspected of being undocumented immigrants. This unlawful move would target people paying taxes and contributing to American communities and is the latest attempt from the Trump Administration to target immigrant communities. It was also reported that DOGE sought access to sensitive personal tax records, the sharing of which would be illegal.
    “In addition to violating tax privacy laws, the wholesale sharing of tax return information with DHS or DOGE, as described in the press, would also penalize individuals for complying with federal tax law and undermine the IRS’s core mission of tax collection by reducing voluntary tax compliance,” continued the Senators. “According to official government data, millions of taxpayers who do not have a social security number file their taxes with the IRS each year using an individual taxpayer identification number (ITIN), including many undocumented individuals. Such voluntary tax compliance depends on trust that the IRS will keep taxpayer data confidential.”
    Additional signatories to the letter include Senators Richard Blumenthal (D-Conn.), Dick Durbin (D-Ill.), Martin Heinrich (D-N.M.), Ben Ray Luján (D-N.M.), Ed Markey (D-Mass.), Jeff Merkley (D-Ore.), Alex Padilla (D-Calif.), Jacky Rosen (D-Nev.), Bernie Sanders (D-Vt.), Adam Schiff (D-Calif.), Chris Van Hollen (D-Md.), Raphael Warnock (D-Ga.), Elizabeth Warren (D-Mass.), Peter Welch (D-Vt.), and Sheldon Whitehouse (D-R.I.).
    Read the full letter here.
    Senator Cortez Masto has pushed multiple Departments under the Trump Administration for detailed, public information regarding the impacts of President Trump’s federal funding freeze, hiring freeze, and terminations on Nevada – including to the Department of the Interior, the U.S. Forest Service, the National Nuclear Security Administration, the Department of Veterans Affairs, Department of Agriculture, and General Services Administration.

    MIL OSI USA News –

  • MIL-OSI USA: Mississippi Man Indicted for Federal Civil Rights and Arson Charges for Setting Fire to Mormon Church

    Source: US State of North Dakota

    A federal grand jury in Gulfport, Mississippi, returned a six-count superseding indictment today charging Stefan Day, also known as Stefan Pete Day Rowold, with federal civil rights and arson violations for vandalizing and setting fire to a house of worship.

    According to the superseding indictment, on July 5, 2024, and July 7, 2024, Day set fire to The Church of Jesus Christ of Latter-Day Saints in Wiggins, Mississippi. Counts one and four of the superseding indictment charge Day with arson for setting fire to the church. Counts two and five of the superseding indictment charge Day with intentionally damaging, defacing, and destroying religious real property because of the religious character of the property. Counts three and six of the superseding indictment charge Day with using fire to commit a federal felony offense.

    If convicted, Day faces a minimum penalty of five years in prison and a maximum penalty of 20 years in prison on each of the arson charges, a maximum penalty of 20 years in prison for each of the civil rights charges, and a minimum penalty of ten years in prison for the use of fire to commit a federal felony offense.

    Deputy Assistant Attorney General Mac Warner of the Justice Department’s Civil Rights Division, Acting U.S. Attorney Patrick Lemon for the Southern District of Mississippi, and Special Agent in Charge Robert A. Eikhoff of the FBI Jackson Field Office made the announcement.

    The FBI Jackson Field Office investigated the case, with assistance from the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Mississippi Bureau of Investigation, the Mississippi State Fire Marshal, and the Wiggins Police Department.

    Assistant U.S. Attorney Jonathan Buckner for the Southern District of Mississippi and Trial Attorney Chloe Neely of the Civil Rights Division’s Criminal Section are prosecuting the case.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL OSI USA News –

  • MIL-OSI Security: Pictou — RCMP investigating suspicious incident in Pictou

    Source: Royal Canadian Mounted Police

    Pictou County District RCMP is asking for the public’s help in identifying a person of interest following a suspicious incident that occurred in Pictou.

    Yesterday, at approximately 10 p.m., RCMP officers responded to a report of an attempted abduction in the area of Denoon St. Investigators learned that an 18-year-old woman was walking home when she was approached by a man who offered her a ride. When the woman declined, the man exited his pickup truck and attempted to grab her.

    The victim was not physically injured and ran for help.

    The man of interest is described as white and in his 60s. At the time of the incident, he had a long white beard and was wearing a camouflage hat with an antlers emblem on the front, a camouflage jacket, and khaki pants.

    The vehicle of interest is described as a white Ford extended cab pickup with a black push bar. The truck was heavily rusted, had a very loud exhaust, and had a burned-out passenger headlight.

    Anyone with information about this incident, or with security camera footage of the area, is asked to contact the Pictou County District RCMP at 902-485-4333. To remain anonymous, call Nova Scotia Crime Stoppers, toll-free, at 1-800-222-TIPS (8477), submit a secure web tip at www.crimestoppers.ns.ca, or use the P3 Tips app.

    MIL Security OSI –

  • MIL-OSI USA: Welch Discusses Attacks on Medicaid & Bipartisan Bill to Support Rural Access to Care in Brattleboro

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    BRATTLEBORO, VT – On Wednesday, U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Committee, toured the Brattleboro Memorial Hospital, where he discussed his new bipartisan bill to support rural health care providers, the Rural Hospital Support Act, and the impact of President Trump’s and Congressional Republicans’ proposed Medicaid cuts on Vermonters. 
    “Rural hospitals are in trouble—that’s true in Vermont and it’s true in Iowa. They need a lifeline like the bipartisan Rural Hospital Support Act, which will help keep the doors open for patients who rely on our rural health care providers every day,” said Senator Welch ahead of the tour.  
    Welch continued: “Medicaid is essential for patients and our rural hospitals in Vermont, and that’s true across America. Vermonters I speak with have a genuine fear for how this budget will hurt their access to care—I share that, and I’m pushing back on this appalling agenda. There should be bipartisan support to protect this essential service—not slash it.” 
    See photos from the event below:  
    Senator Welch has slammed President Trump and Congressional Republicans for their budget, which would slash Medicaid and increase health care costs for millions of seniors, children, veterans, people with disabilities, and people with chronic diseases like cancer—all to give tax handouts to the ultra-wealthy. 
    More than 157,000 Vermonters rely on Medicaid for their health coverage and access to care. Medicaid provides around 41% of children in Vermont with health care, and nearly 2,000 births per year are covered by Medicaid. More than 38,000 people with a disability in Vermont are covered by Medicaid. More than 60% of nursing home residents in Vermont rely on Medicaid to pay for the care in the nursing home. Every hospital in Vermont serves Medicaid beneficiaries. The Republican budget threatens to slash Medicaid funding by a third, which means 32,000 rural residents in Vermont could lose their coverage.  
    Nationally, nearly 80 million Americans rely on Medicaid or the Children’s Health Insurance Program. Medicaid covers nearly a quarter of Americans in rural areas. Medicaid pays for nearly half of all births in the U.S., covers nearly half of all of America’s children, provides care to 2 in 3 nursing home residents, and provides peace of mind to 17 million women of reproductive age. More than 15.5 million Americans with a disability are covered by Medicaid. This program is a lifeline for rural communities and our rural hospitals, and any cuts to this funding could result in hospitals closures in rural communities like VT and across the country. The Washington Post recently highlighted the impact of Medicaid cuts to rural hospitals and maternity care. The reporting highlighted widespread concerns from rural health leaders about the detrimental impact of the Republicans’ budget. 
    Senator Welch and Senator Chuck Grassley (R-Iowa) recently introduced the bipartisan Rural Hospital Support Act, legislation to prevent rural hospital closures by extending and modernizing critical Medicare programs. The bill would permanently extend the Medicare-Dependent Hospital (MDH) program to ensure eligible rural hospitals are reimbursed for their costs. The bill would also permanently extend the Low-Volume Hospital (LVH) program to level the playing field for rural hospitals whose operating costs often outpace their revenue.  Rural hospitals provide critical care for patients, many of whom rely on Medicare and Medicaid. These hospitals also serve as economic anchors – accounting for around 14% of total employment in rural areas.  
    Learn more about the Rural Hospital Support Act. 

    MIL OSI USA News –

  • MIL-OSI USA: Attorney General Alan Wilson announces Murrells Inlet nurse charged with stealing drugs from patientsRead More

    Source: US State of South Carolina

    (COLUMBIA, S.C.) – South Carolina Attorney General Alan Wilson announced that his office’s Vulnerable Adults and Medicaid Provider Fraud unit (VAMPF) and the Department of Public Health’s Bureau of Drug Control have arrested Erin Homan, 34 years old, of Murrells Inlet, S.C., on two counts of Exploitation of a Vulnerable Adult {43-35-0085 (D)}, and two counts of Theft of a Controlled Substance, First Offense {44-53-0365(A). Homan was booked into the J. Reuben Long Detention Center on March 18, 2025.

    These charges stem from Homan’s conduct while employed as a Licensed Practical Nurse (LPN) at Angel Oak Nursing and Rehabilitation Center in Myrtle Beach on October 23, 2024. Investigators from VAMPF and the DPH Bureau of Drug Control allege that Homan, while performing her duties as an LPN, stole a quantity of Tramadol, a schedule IV controlled substance, belonging to two residents of the facility. It is further alleged that Homan unlawfully obtained the Tramadol for her own personal use and deprived the two vulnerable adult residents of their prescribed medication. 

    This case was referred to investigators by Angel Oak Nursing and Rehabilitation Center, which cooperated fully with investigators. This case will be prosecuted by the Attorney General’s Office.

    Exploitation of a Vulnerable Adult is a felony and, upon conviction, has a penalty of up to five years in prison, a fine of up to $5,000, or both. Theft of a Controlled Substance, First Offense, is a felony and, upon conviction, has a penalty of up to five years in prison, a fine of up to $5,000, or both.

    Pursuant to federal regulations, VAMPF has authority over Medicaid provider fraud; abuse and neglect of Medicaid beneficiaries in any setting; and the abuse, neglect, and exploitation of individuals residing in assisted living facilities or nursing homes. 

    Attorney General Wilson stressed all defendants are presumed innocent unless and until they are proven guilty in a court of law.

    The South Carolina Medicaid Fraud Control Unit, dba VAMPF, receives 75 percent of its funding from the U.S. Department of Health and Human Services under a grant award totaling $2,889,252 for federal fiscal year 2025. The remaining 25 percent, totaling $963,084 for FFY 2025, is funded by South Carolina.

    MIL OSI USA News –

  • MIL-OSI Security: Salt River Man Convicted of Murder and Conspiracy

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

    PHOENIX, Ariz. – On Wednesday, March 12, 2025, a jury found Clifton Nez Hamalowa, 47, of the Salt River Pima-Maricopa Indian Community, guilty of First-Degree Murder, Conspiracy to Commit Assault Resulting in Serious Bodily Injury, Assault with a Dangerous Weapon, Assault Resulting in Serious Bodily Injury, and Discharging a Firearm During, In Relation to, and in Furtherance of a Crime of Violence. The guilty verdict followed a seven-day jury trial before United States District Court Judge John J. Tuchi.

    During trial, evidence showed that Hamalowa became angry with the victim one evening and then shot the victim in the head multiple times the following morning, August 29, 2020. Hamalowa dumped the victim’s body in a remote area of the Salt River Pima-Maricopa Indian Reservation. Meanwhile, Hamalowa’s brother disposed of the victim’s car in Parker, Arizona, and Hamalowa’s sister made her daughter clean the victim’s blood from the crime scene on the Gila River Indian Reservation. Over the next two weeks, Hamalowa and his sister also intimidated witnesses into silence. Eventually, a witness was able to contact the Gila River Police Department so that officers could rescue the victim’s minor child who was still in the victim’s home.

    Hamalowa’s brother, Thomas Leon Hamalowa, pleaded guilty to Accessory-After-the-Fact to Murder and was sentenced to 108 months in prison on October 23, 2023. Hamalowa’s sister, Devonne Beth Hamalowa, pleaded guilty to Accessory-After-the-Fact to Murder and was sentenced to 84 months in prison on April 1, 2024.

    The Federal Bureau of Investigation and Gila River Police Department jointly investigated the case. Assistant U.S. Attorneys Jennifer E. LaGrange and Travis L. Wheeler, District of Arizona, Phoenix, handled the prosecution.
     

    CASE NUMBER:           CR-22-00751-PHX-JJT
    RELEASE NUMBER:    2025-037_Hamalowa

    # # #

    For more information on the U.S. Attorney’s Office, District of Arizona, visit http://www.justice.gov/usao/az/
    Follow the U.S. Attorney’s Office, District of Arizona, on X @USAO_AZ for the latest news.

    MIL Security OSI –

  • MIL-OSI Security: Two Hazleton Men Charged With Drug Trafficking

    Source: Office of United States Attorneys

    SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced that Cesar Altagracia Mateo Lara, a/k/a Miguel Carrasquillo Apolinaris, age 46, and Luis Mercado-Alicea, a/k/a Yensi Mateo, age 44, both of Hazleton, Pennsylvania, were indicted yesterday by a federal grand jury on drug trafficking charges.

    According to Acting United States Attorney John C. Gurganus, the indictment alleges that between November 2024 and February 2025, the defendants conspired to distribute over 40 grams of fentanyl. The indictment also alleges that during that time the defendants distributed fentanyl and possessed fentanyl with intent to distribute it.   

    The case was investigated by the Federal Bureau of Investigation, the Luzerne County District Attorney’s Office, and the Hazleton Police Department. Assistant U.S. Attorney Jenny P. Roberts is prosecuting the case.

    This case was brought as part of a district wide initiative to combat the nationwide epidemic regarding the use and distribution of heroin.  Led by the United States Attorney’s Office, the Heroin Initiative targets heroin traffickers operating in the Middle District of Pennsylvania and is part of a coordinated effort among federal, state and local law enforcement agencies to locate, apprehend, and prosecute individuals who commit heroin related offenses.

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

    The maximum penalty under federal law for this offense is 40 years of imprisonment, a term of supervised release following imprisonment, and a fine. A sentence following a finding of guilt is imposed by the Judge after consideration of the applicable federal sentencing statutes and the Federal Sentencing Guidelines.

    Indictments are only allegations. All persons charged are presumed to be innocent unless and until found guilty in court.

    # # #

    MIL Security OSI –

  • MIL-OSI Security: Mississippi Man Indicted for Federal Civil Rights and Arson Charges for Setting Fire to Mormon Church

    Source: United States Attorneys General

    A federal grand jury in Gulfport, Mississippi, returned a six-count superseding indictment today charging Stefan Day, also known as Stefan Pete Day Rowold, with federal civil rights and arson violations for vandalizing and setting fire to a house of worship.

    According to the superseding indictment, on July 5, 2024, and July 7, 2024, Day set fire to The Church of Jesus Christ of Latter-Day Saints in Wiggins, Mississippi. Counts one and four of the superseding indictment charge Day with arson for setting fire to the church. Counts two and five of the superseding indictment charge Day with intentionally damaging, defacing, and destroying religious real property because of the religious character of the property. Counts three and six of the superseding indictment charge Day with using fire to commit a federal felony offense.

    If convicted, Day faces a minimum penalty of five years in prison and a maximum penalty of 20 years in prison on each of the arson charges, a maximum penalty of 20 years in prison for each of the civil rights charges, and a minimum penalty of ten years in prison for the use of fire to commit a federal felony offense.

    Deputy Assistant Attorney General Mac Warner of the Justice Department’s Civil Rights Division, Acting U.S. Attorney Patrick Lemon for the Southern District of Mississippi, and Special Agent in Charge Robert A. Eikhoff of the FBI Jackson Field Office made the announcement.

    The FBI Jackson Field Office investigated the case, with assistance from the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Mississippi Bureau of Investigation, the Mississippi State Fire Marshal, and the Wiggins Police Department.

    Assistant U.S. Attorney Jonathan Buckner for the Southern District of Mississippi and Trial Attorney Chloe Neely of the Civil Rights Division’s Criminal Section are prosecuting the case.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI: Compagnie de Financement Foncier : Publication of Compagnie de Financement Foncier’s 2024 Universal Registration Document

    Source: GlobeNewswire (MIL-OSI)

                                                                                                    Paris, March 19, 2025

    Press release: publication of Compagnie de Financement Foncier’s 2024
    Universal Registration Document including the annual financial report

    Compagnie de Financement Foncier announces the publication of its 2024 Universal Registration Document (Document d’enregistrement universel) including the annual financial report.

    It was filed with the French Financial Markets Authority (Autorité des Marchés Financiers – AMF) on March 19, 2025 under the number D.25-0114

    This report is available on the company’s website at https://foncier.fr/ under:
    “Financial Communication / Regulated information”.

    Copies of this document are also available at the following address:

    COMPAGNIE DE FINANCEMENT FONCIER
    182, Avenue de France
    75 013 PARIS

    Contact : Financial Communication – bal-comfi@creditfoncier.fr

    Attachment

    The MIL Network –

  • MIL-OSI: Bitfarms Schedules Fourth Quarter and Full Year 2024 Conference Call on March 27, 2025

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Ontario, March 19, 2025 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin and vertically integrated data center company, will report its fourth quarter and full year 2024 financial results on Thursday, March 27 before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q4 2024 materials will be available before the call and can be accessed on the ‘Financial Results’ section of the Bitfarms investor site.

    The live webcast and a webcast replay of the conference call can be accessed here. To access the call by telephone, register here to receive dial-in numbers and a unique PIN to join the call.

    About Bitfarms Ltd.

    Founded in 2017, Bitfarms is a global Bitcoin and vertically integrated data center company that sells its computational power to one or more mining pools from which it receives payment in Bitcoin. Bitfarms develops, owns, and operates vertically integrated mining facilities with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers.

    Bitfarms currently has 15 operating Bitcoin data centersin four countries: the United States, Canada, Paraguay, and Argentina. Powered predominantly by environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com
    https://www.facebook.com/bitfarms/
    https://x.com/Bitfarms_io
    https://www.instagram.com/bitfarms/
    https://www.linkedin.com/company/bitfarms/

    Investor Relations Contacts:

    Tracy Krumme
    SVP, Head of IR & Corp. Comms.
    +1 786-671-5638
    tkrumme@bitfarms.com

    Media Contacts:

    Caroline Brady Baker
    Director, Communications
    cbaker@bitfarms.com

    The MIL Network –

  • MIL-OSI: Willis Lease Finance Corporation Announces Joint Venture with Global Engine Maintenance to Develop Engine Test Cell Facility

    Source: GlobeNewswire (MIL-OSI)

    COCONUT CREEK, Fla., March 19, 2025 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced its subsidiary, Willis Engine Repair Center® (“WERC®”), entered into an agreement with independent MRO (Maintenance, Repair and Overhaul) provider Global Engine Maintenance (“GEM”) to create a joint venture named Willis Global Engine Testing (“WGET”) to build an engine test cell facility in West Palm Beach, Florida.

    The new joint venture brings together WLFC’s decades of industry experience with GEM’s specialization in offering full CFM56 engine overhauls to address the significant shortage of engine test cell facilities in North America.

    “The market currently lacks adequate testing capacity, hindering lessors and operators from efficiently returning engines to service. Through this investment in our services business, we expect to improve turnaround times of customer shop visits for WLFC, GEM, and third-party customers,” said Austin C. Willis, Chief Executive Officer of WLFC. “This joint venture with a proven engine MRO provider efficiently shares each partner’s expertise to mitigate risk and accelerate market entry.”

    “This joint venture marks a significant milestone for GEM as we continue expanding our capabilities, elevating our presence in the global engine MRO market to better serve our customers and the broader aviation market. Willis Lease Finance Corporation is a globally recognized leader in aircraft engine leasing, asset management, and services known for its innovative solutions and deep industry expertise. By partnering with WLFC, we are combining our deep expertise in CFM56 MRO with their extensive leasing and asset management solutions to deliver a streamlined, high-quality engine testing experience,” said Dominic Raja, Vice Chairman and President of GEM.”

    The facility will initially service CFM56-5B and CFM56-7B engines with the ability to service newer generation engine types in the future. The joint venture plans to break ground on the site in late 2025.

    About Willis Lease Finance Corporation

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

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

    About Global Engine Maintenance

    Global Engine Maintenance (GEM) is a leading independent CFM56 MRO provider, delivering high-quality, cost-effective, and customized engine solutions to airlines, lessors, and operators worldwide. With 15 years of expertise, GEM stands out for its flexibility, rapid turnaround times, and customer-focused approach, offering full-service capabilities with a wide range of solutions, including overhauls, performance restoration repairs, module swaps, hospital shop visits, and on-wing support. By combining cutting-edge technology, deep industry expertise, and a commitment to operational excellence, GEM provides tailored maintenance programs that maximize engine life and minimize costs.

    CONTACT:   Lynn Mailliard Kohler
        Director, Global Corporate Communications
        415.328.4798

    The MIL Network –