NewzIntel.com

Category: Finance

  • MIL-OSI Security: New York Man Who Ran Multimillion-Dollar Cryptocurrency Investment Scheme Found Guilty of Wire Fraud and Money Laundering

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

    SAN FRANCISCO – A federal jury convicted Douglas Jae Woo Kim, 32, of New York, New York, on 14 counts of wire fraud, international money laundering, and money laundering.  The jury reached its verdict yesterday afternoon, following a three-week trial before Senior U.S. District Judge Charles R. Breyer.  

    According to court documents and evidence presented at trial, between October 2017 and June 2020, after moving to San Francisco, Kim engaged in a scheme to defraud investors, many of whom were friends and acquaintances, of over $7 million in money and cryptocurrency by holding himself out as a legitimate trader of cryptocurrency, a form of virtual currency.  Kim falsely represented that he was seeking short-term liquidity in the form of loans or investments for cryptocurrency trading or other legitimate business purposes and promised to trade or invest the cryptocurrency provided by investors and lenders to make a profit.  He also told victims that the loans carried no or very low risk, promised high rates of return on their loans, and claimed that he had sufficient funds to personally guarantee the loans.  

    “This case may involve the new world of virtual currency, but there’s nothing new about the defendant’s scheme to defraud,” said Acting United States Attorney Patrick D. Robbins.  “Douglas Kim made bogus promise after promise to investors and lenders, only to cheat them and send their money to offshore gambling sites.  Today’s verdict sends a clear message to anyone who engages in fraud in the Northern District of California: you will be prosecuted, and you will face serious consequences.”

    “Mr. Kim deceived those who trusted him, exploiting their confidence to fund his personal gambling activities rather than the legitimate investments he offered his victims. The FBI remains committed to identifying and bringing to justice individuals who manipulate and defraud others for financial gain,” said FBI Acting Special Agent in Charge Dan Costin.

    In October 2017, Kim contacted a victim by text message and said he was looking for investors interested in making what he called a short-term loan for a “fairly modest operation.”  Kim represented that he was investing in a cryptocurrency operation in which he would make a profit from fees charged to a peer-to-peer network and from exchange transactions, and informed the victim that the operation “isn’t very risky to me.”  Within days of receiving cryptocurrency from the victim to finance the investment, Kim transferred almost all of it to bitcoin sports betting sites located outside the United States.  Kim went on to obtain over a million dollars’ worth of funds from this victim over the course of the scheme, the majority of which went to offshore sports betting sites.

    In November 2017, Kim contacted another victim by email and said he was looking for cryptocurrency for a trading strategy.  Kim assured that the victim that “my activities are fairly low risk.”  On Dec. 1, 2017, Kim obtained a cryptocurrency loan from this victim worth approximately $186,000 at the time. Once the cryptocurrency was obtained, Kim immediately sent all of it to offshore sports betting sites. In total, Kim obtained over $500,000 in funds from this victim.

    In an agreement dated Jan. 1, 2018, Kim set out the terms of a similar investment with a third victim.  The agreement called for the victim to provide cryptocurrency valued at approximately $200,000 at the time.  The same day, Kim converted more than half of the funds to bitcoin and, in the following days, transferred substantially all the converted cryptocurrency to his account with an offshore casino.  Kim went on to obtain over $4 million in funds from this victim.

    Kim defrauded numerous other victims, including nine who testified at trial, until at least July 2020, when he was charged by federal complaint.  In 2023, while he was out on pretrial release, Kim allegedly renewed his scheme to defraud.  One count related to this renewed period of fraud remains pending.  

    The jury acquitted Kim of one count of international money laundering.

    Kim is scheduled to appear on June 25, 2025, to set a date for sentencing.  He faces a maximum penalty of 20 years in prison for each count of wire fraud and international money laundering, and 10 years in prison for each count of money laundering.  Any sentence will be imposed by the Court after consideration of the U.S. Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. § 3553.  

    Assistant U.S. Attorneys Noah Stern and Maya Karwande are prosecuting the case with the assistance of Veronica Hernandez, Maryam Beros, Andy Ding, Lynette Dixon, and Christine Tian. The prosecution is the result of an investigation by the FBI and IRS Criminal Investigation. 
     

    MIL Security OSI –

  • MIL-OSI Security: Justice Department Charges 12 Chinese Contract Hackers and Law Enforcement Officers in Global Computer Intrusion Campaigns

    Source: United States Attorneys General

    Chinese Law Enforcement and Intelligence Services Leveraged China’s Reckless and Indiscriminate Hacker-for-Hire Ecosystem, Including the ‘APT 27’ Group, to Suppress Free Speech and Dissent Globally and to Steal Data from Numerous Organizations Worldwide,

    Note: View the indictments in U.S. v. Wu Haibo et al., U.S. v. Yin Kecheng, U.S. v. Zhou Shuai et al. here.

    The Justice Department, FBI, Naval Criminal Investigative Service, and Departments of State and the Treasury announced today their coordinated efforts to disrupt and deter the malicious cyber activities of 12 Chinese nationals, including two officers of the People’s Republic of China’s (PRC) Ministry of Public Security (MPS), employees of an ostensibly private PRC company, Anxun Information Technology Co. Ltd. (安洵信息技术有限公司) also known as “i-Soon,” and members of Advanced Persistent Threat 27 (APT27).

    These malicious cyber actors, acting as freelancers or as employees of i-Soon, conducted computer intrusions at the direction of the PRC’s MPS and Ministry of State Security (MSS) and on their own initiative. The MPS and MSS paid handsomely for stolen data. Victims include U.S.-based critics and dissidents of the PRC, a large religious organization in the United States, the foreign ministries of multiple governments in Asia, and U.S. federal and state government agencies, including the U.S. Department of the Treasury (Treasury) in late 2024.

    “The Department of Justice will relentlessly pursue those who threaten our cybersecurity by stealing from our government and our people,” said Sue J. Bai, head of the Justice Department’s National Security Division. “Today, we are exposing the Chinese government agents directing and fostering indiscriminate and reckless attacks against computers and networks worldwide, as well as the enabling companies and individual hackers that they have unleashed. We will continue to fight to dismantle this ecosystem of cyber mercenaries and protect our national security.”

    “The FBI is committed to protecting Americans from foreign cyber-attacks,” said Assistant Director Bryan Vorndran of the FBI’s Cyber Division. “Today’s announcements reveal that the Chinese Ministry of Public Security has been paying hackers-for-hire to inflict digital harm on Americans who criticize the Chinese Communist Party (CCP). To those victims who bravely came forward with evidence of intrusions, we thank you for standing tall and defending our democracy. And to those who choose to aid the CCP in its unlawful cyber activities, these charges should demonstrate that we will use all available tools to identify you, indict you, and expose your malicious activity for all the world to see.”

    According to court documents, the MPS and MSS employed an extensive network of private companies and contractors in China to hack and steal information in a manner that obscured the PRC government’s involvement. In some cases, the MPS and MSS paid private hackers in China to exploit specific victims. In many other cases, the hackers targeted victims speculatively. Operating from their safe haven and motivated by profit, this network of private companies and contractors in China cast a wide net to identify vulnerable computers, exploit those computers, and then identify information that it could sell directly or indirectly to the PRC government. The result of this largely indiscriminate approach was more worldwide computer intrusion victims, more systems worldwide left vulnerable to future exploitation by third parties, and more stolen information, often of no interest to the PRC government and, therefore, sold to other third-parties. Additional information regarding the indictments and the PRC’s hacker-for-hire ecosystem is available in Public Service Announcements published by the FBI today.

    U.S. v. Wu Haibo et al., Southern District of New York

    Today, a federal court in Manhattan unsealed an indictment charging eight i-Soon employees and two MPS officers for their involvement, from at least in or around 2016 through in or around 2023, in the numerous and widespread hacking of email accounts, cell phones, servers, and websites. The Department also announced today the court-authorized seizure of the primary internet domain used by i-Soon to advertise its business.

    “State-sponsored hacking is an acute threat to our community and national security,” said Acting U.S. Attorney Matthew Podolsky for the Southern District of New York. “For years, these 10 defendants — two of whom we allege are PRC officials — used sophisticated hacking techniques to target religious organizations, journalists, and government agencies, all to gather sensitive information for the use of the PRC. These charges will help stop these state-sponsored hackers and protect our national security. The career prosecutors of this office and our law enforcement partners will continue to uncover alleged state-sponsored hacking schemes, disrupt them, and bring those responsible to justice.”

    The defendants remain at large and wanted by the FBI. Concurrent with today’s announcement,  the U.S. Department of State’s Rewards for Justice (RFJ) program, administered by the Diplomatic Security Service, announced a reward of up to $10 million for information leading to the identification or location of any person who, while acting at the direction or under the control of a foreign government, engages in certain malicious cyber activities against U.S. critical infrastructure in violation of the Computer Fraud and Abuse Act. The reward is offered for the following individuals who are alleged to have worked in various capacities to direct or carry out i-Soon’s malicious cyber activity:

    • Wu Haibo (吴海波), Chief Executive Officer
    • Chen Cheng (陈诚), Chief Operating Officer
    • Wang Zhe (王哲), Sales Director
    • Liang Guodong (梁国栋), Technical Staff
    • Ma Li (马丽), Technical Staff
    • Wang Yan (王堰), Technical Staff
    • Xu Liang (徐梁), Technical Staff
    • Zhou Weiwei (周伟伟), Technical Staff
    • Wang Liyu (王立宇), MPS Officer
    • Sheng Jing (盛晶), MPS Officer

    i-Soon and its employees, to include the defendants, generated tens of millions of dollars in revenue as a key player in the PRC’s hacker-for-hire ecosystem. In some instances, i-Soon conducted computer intrusions at the request of the MSS or MPS, including cyber-enabled transnational repression at the direction of the MPS officer defendants. In other instances, i-Soon conducted computer intrusions on its own initiative and then sold, or attempted to sell, the stolen data to at least 43 different bureaus of the MSS or MPS in at least 31 separate provinces and municipalities in China. i-Soon charged the MSS and MPS between approximately $10,000 and $75,000 for each email inbox it successfully exploited. i-Soon also trained MPS employees how to hack independently of i-Soon and offered a variety of hacking methods for sale to its customers.

    The defendants’ U.S.-located targets included a large religious organization that previously sent missionaries to China and was openly critical of the PRC government and an organization focused on promoting human rights and religious freedom in China. In addition, the defendants targeted multiple news organizations in the United States, including those that have opposed the CCP or delivered uncensored news to audiences in Asia, including China and the New York State Assembly, one of whose representatives had communicated with members of a religious organization banned in China.

    The defendants’ foreign-located targets included a religious leader and his office, and a Hong Kong newspaper that i-Soon considered as being opposed to the PRC government. The defendants also targeted the foreign ministries of Taiwan, India, South Korea, and Indonesia.

    Assistant U.S. Attorneys Ryan B. Finkel, Steven J. Kochevar, and Kevin Mead for the Southern District of New York and Trial Attorney Gregory J. Nicosia Jr. of the National Security Division’s National Security Cyber Section are prosecuting the case.

    U.S. v. Yin Kecheng and U.S. v. Zhou Shuai et al., District of Columbia

    Today, a federal court unsealed two indictments charging APT27 actors Yin Kecheng (尹可成) and Zhou Shuai (周帅) also known as “Coldface” for their involvement in the multi-year, for-profit computer intrusion campaigns dating back, in the case of Yin, to 2013. The Department also announced today court-authorized seizures of internet domains and computer server accounts used by Yin and Zhou to facilitate their hacking activity.

    The defendants remain at large. View the FBI’s Wanted posters for Shuai and Kecheng here.

    Concurrent with today’s announcement, the Department of States State’s Bureau of International Narcotics and Law Enforcement Affairs is announcing two reward offers under the Transnational Organized Crime Rewards Program (TOCRP) of up to $2 million each for information leading to the arrests and convictions, in any country, of malicious cyber actors Yin Kecheng and Zhou Shuai, both Chinese nationals residing in China.

    “These indictments and actions show this office’s long-standing commitment to vigorously investigate and hold accountable Chinese hackers and data brokers who endanger U.S. national security and other victims across the globe,” said Interim U.S. Attorney Edward R. Martin Jr. for the District of Columbia. “The defendants in these cases have been hacking for the Chinese government for years, and these indictments lay out the strong evidence showing their criminal wrongdoing. We again demand that the Chinese government to put a stop to these brazen cyber criminals who are targeting victims across the globe and then monetizing the data they have stolen by selling it across China.”

    The APT27 group to which Yin and Zhou belong is also known to private sector security researchers as “Threat Group 3390,” “Bronze Union,” “Emissary Panda,” “Lucky Mouse,” “Iron Tiger,” “UTA0178,” “UNC 5221,” and “Silk Typhoon.” As alleged in court documents, between August 2013 and December 2024, Yin, Zhou, and their co-conspirators exploited vulnerabilities in victim networks, conducted reconnaissance once inside those networks, and installed malware, such as PlugX malware, that provided persistent access. The defendants and their co-conspirators then identified and stole data from the compromised networks by exfiltrating it to servers under their control. Next, they brokered stolen data for sale and provided it to various customers, only some of whom had connections to the PRC government and military. For example, Zhou sold data stolen by Yin through i-Soon, whose primary customers, as noted above, were PRC government agencies, including the MSS and the MPS.

    The defendants’ motivations were financial and, because they were profit-driven, they targeted broadly, rendering victim systems vulnerable well beyond their pilfering of data and other information that they could sell. Between them, Yin and Zhou sought to profit from the hacking of numerous U.S.-based technology companies, think tanks, law firms, defense contractors, local governments, health care systems, and universities, leaving behind them a wake of millions of dollars in damages.

    The documents related to the seizure warrants, also unsealed today, further allege that Yin and Zhou continued to engage in hacking activity, including Yin’s involvement in the recently announced hack of Treasury between approximately September and December 2024. Virtual private servers used to conduct the Treasury intrusion belonged to, and were controlled by, an account that Yin and his co-conspirators established. Yin and his co-conspirators used that same account and other linked accounts they controlled to lease servers used for additional malicious cyber activity. The seizure warrant unsealed today allowed the FBI to seize the virtual private servers and other infrastructure used by the defendants to perpetrate these crimes.

    On Jan. 17, Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against Yin for his role in hacking that agency between September and December 2024. Concurrent with today’s indictments, OFAC also announced sanctions on Zhou and Shanghai Heiying Information Technology Company Ltd., a company operated by Zhou for purposes of his hacking activity.

    Private sector partners are also taking voluntary actions to raise awareness and strengthen defenses against the PRC’s malicious cyber activity. Today, Microsoft published research that highlights its unique, updated insights into Silk Typhoon tactics, techniques, and procedures specifically its targeting of the IT supply chain.

    Assistant U.S. Attorneys Jack F. Korba and Tejpal S. Chawla for the District of Columbia and Trial Attorney Tanner Kroeger of the National Security Division’s National Security Cyber Section are prosecuting the case.

    ***

    The above disruptive actions targeting PRC malicious cyber activities were the result of investigations conducted by FBI New York and Washington Field Offices, FBI Cyber Division, the Naval Criminal Investigative Service. The U.S. Attorney’s Offices for the Southern District of New York and District of Columbia and the National Security Division’s National Security Cyber Section are prosecuting the case.

    The Department acknowledges the value of public-private partnerships in combating advanced cyber threats and recognizes Microsoft, Volexity, PwC, and Mandiant for their valuable assistance in these investigations.

    The details in the above-described indictments and warrants are merely allegations. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI: AssetMark Honors Financial Advisors with Community Inspiration Award

    Source: GlobeNewswire (MIL-OSI)

    CONCORD, Calif., March 05, 2025 (GLOBE NEWSWIRE) — AssetMark, a leading wealth management platform for financial advisors, announced the recipients of its 2025 Community Inspiration Award at the firm’s premier Gold Forum conference in Phoenix, Arizona. The annual Community Inspiration Award honors advisors who make a significant impact in their communities through dedicated service, by awarding $10,000 to each advisor’s charitable organization.

    This year’s honored advisors and their respective charitable organizations receiving the donations include:

    “We are proud to recognize and celebrate these extraordinary financial advisors who dedicate their time and resources to truly transformative causes,” said Michael Kim, CEO and President of AssetMark. “Their commitment not only enriches their local communities but also sets an inspiring example for others in the industry. Their passion for helping others creates a ripple effect of goodwill, and it is this spirit of service that we are honored to support through the Community Inspiration Award.”

    Award recipients were selected by a panel of senior executives at AssetMark. Nominees were evaluated on their ability to inspire, lead, and motivate others, in addition to the time and effort they dedicated to their local charity. All nonprofit recipients are qualified 501(c)(3) organizations.

    About AssetMark

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

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

    Media Contacts
    Vesselina Davenport
    PR & Communications, AssetMark
    vesselina.davenport@assetmark.com

    The MIL Network –

  • MIL-OSI: Skycorp Solar Group Limited Announces Closing of Its Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Ningbo, China, March 05, 2025 (GLOBE NEWSWIRE) — Skycorp Solar Group Limited (Nasdaq: PN) (the “Company”), a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, today announced the closing of its initial public offering (the “Offering”) of 2,000,000 ordinary shares (the “Ordinary Shares”) at a public offering price of $4.00 per share for total gross proceeds of $8,000,000, before deducting underwriting discounts and other offering expenses. The Ordinary Shares commenced trading on Nasdaq Capital Market on March 4, 2025, under the ticker symbol “PN.” The Offering closed on March 5, 2025.

    In addition, the Company has granted the Underwriter (as defined below) an option, within 45 days from the closing date of the Offering, to purchase up to an additional 300,000 Ordinary Shares at the public offering price, less underwriting discounts, to cover the over-allotment option, if any.

    The Company intends to use 30% of the net proceeds for expanding product lines and services; 30% of the net proceeds for strengthening research and development capabilities; 20% of the net proceeds for improving brand recognition through multi-channel marketing; 20% of the net proceeds for working capital and general corporate matters.

    The Offering was conducted on a firm commitment basis. Cathay Securities, Inc. acted as the underwriter (the “Underwriter”) for the Offering. Ortoli Rosenstadt LLP acted as U.S. securities counsel to the Company, and Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to the Underwriter, in connection with the Offering.

    A registration statement on Form F-1 (File No. 333-282996) relating to the Offering, as amended, has been filed with the U.S. Securities and Exchange Commission (the “SEC“) and was declared effective by the SEC on March 3, 2025. The Offering is being made only by means of a prospectus. Copies of the final prospectus related to the Offering may be obtained from Cathay Securities, Inc.: 40 Wall Street, Suite 3600, New York, NY 10005, United States, Attention: Shell Li, or via email at service@cathaysecurities.com or telephone at +1 (855) 939-3888, or via the SEC’s website at www.sec.gov.

    Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Skycorp Solar Group Limited

    Skycorp Solar Group Limited is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. We also partner with various IC chip manufacturers to offer new and used GPU and HPC servers. Our operations are managed through our subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China.

    The Company’s mission is to become a green energy solutions provider for data centers by utilizing solar power and delivering eco-friendly solar PV products. By leveraging the Company’s expertise in solar technologies and relationships with HPC server clients, it aims to expand offerings of solar PV products and server solutions for enterprise customers. For more information, please visit: https:// www.ir.skycorp.com.

    Forward-Looking Statement

    This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    For more information, please contact:

    Investor Relations
    WFS Investor Relations Inc.
    Connie Kang
    Partner
    Email: ckang@wealthfsllc.com 
    Tel: +86 1381 185 7742 (CN)

    The MIL Network –

  • MIL-OSI: OBSI announces new board members

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 05, 2025 (GLOBE NEWSWIRE) — The Board of Directors for the Ombudsman for Banking Services and Investments (OBSI) is pleased to announce three appointments to the board:

    • Maureen L. Buckley CPA, CA has joined the board as a Community Director. Ms. Buckley has held several leadership positions within the Ontario Public Service, most recently as the Provincial Controller where she led the preparation and release of the Ontario Public Accounts. Previously, she was the Chief Administrative Officer at multiple ministries within the Ontario Public Service. Before joining the Ontario Public Service, Ms. Buckley held several roles at Price Waterhouse where she earned her Chartered Accountant designation. She holds an undergraduate degree from York University.
    • Jason Enouy B.A., JD has joined the board as an Industry Director. He is the Senior Vice President and Chief Compliance Officer at Raymond James Ltd., leading all compliance functions for the firm. Before joining the firm, he led compliance and risk management functions at two large Canadian wealth management and securities firms, as well as a schedule II chartered bank. Mr. Enouy is a member of the Law Society of Ontario and holds a Juris Doctor from the University of Toronto and a Bachelor of Arts from Carleton University in Ottawa. He sits on the Board of the Raymond James Canada Foundation.
    • Professor Marina Pavlović LL.B, LL.M has joined the board as a Consumer Interest Director. She is an Associate Professor at the University of Ottawa, Faculty of Law, Common Law Section. A leading Canadian expert on consumer rights and technology policy, she brings extensive experience in research, advocacy, and law reform focused on consumer rights and access to justice. Ms. Pavlović has strong ties with consumer and public interest organizations and has represented them as counsel before the Supreme Court of Canada in landmark cases, including Douez v. Facebook, Uber v. Heller, and International Air Transport Association v. Canada. She has also appeared before the CRTC, the Canadian Transportation Agency, and parliamentary committees, influencing key policy and regulatory decisions affecting consumer rights. An award-winning educator, Ms. Pavlović is recognized for redefining legal education through her innovative and immersive teaching. She holds a law degree from the University of Belgrade, an LL.M. in Law & Technology from the University of Ottawa and is a member of the Law Society of Ontario.

    OBSI is overseen by an independent Board of Directors. OBSI’s bylaws require that a majority of directors, including the Board Chair, be independent, meaning they have not been affiliated with industry for at least two years. These independent directors are referred to as community directors. Three of the community directors are also designated as consumer interest directors, who have a particular interest in, access to, and competency with the interests and perspectives of the consumers that OBSI serves. The board also includes three designated industry directors who are directly affiliated with a participating firm.

    Industry directors and consumer interest directors are expected to bring their unique perspectives and expertise to board deliberations to ensure that OBSI governance is undertaken with an understanding and appreciation of the interests and concerns of all the stakeholders served by the organization. All directors have a fiduciary duty to OBSI and do not advocate for or represent any outside interest while engaged in OBSI governance.

    More information about the Board of Directors is available here.

    Canada’s Ombudsman for Banking Services and Investments (OBSI) is a national, independent, not-for-profit organization that helps resolve and reduce disputes between consumers and financial services firms in both official languages. OBSI is responsive to consumer inquiries, conducts fair and accessible investigations of unresolved disputes, and shares its knowledge and expertise with all stakeholders and the public. If a consumer has a complaint against an OBSI participating bank or investment firm that they are not able to resolve with the bank or firm, OBSI will investigate at no cost to the consumer. Where a complaint has merit, OBSI may recommend compensation up to a maximum of $350,000.

    For more information, contact:

    Mark Wright, Director, Communications and Stakeholder Relations

    416-287-2877 ext.2225

    publicaffairs@obsi.ca

    The MIL Network –

  • MIL-OSI: Landsbankinn hf.: Annual General Meeting 19 March 2025

    Source: GlobeNewswire (MIL-OSI)

    The Annual General Meeting of Landsbankinn hf. will be held on Wednesday 19 March 2025 at 16:00, in Reykjastræti 6, Reykjavík.

    Enclosed is the agenda for the Annual General Meeting.

    Further information concerning the meeting is available on the Bank´s website, https://www.landsbankinn.is/en/the-bank/investor-relations/agms

    For further information please contact:

    Investor Relations, ir@landsbankinn.is

    Public Relations, pr@landsbankinn.is

    Attachment

    The MIL Network –

  • MIL-OSI Security: Eielson Airman Sentenced to Five Years for Possessing Child Pornography

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

    FAIRBANKS, Alaska – An Eielson Airman was sentenced today to five years in prison and will serve 15 years on supervised release for paying to receive child pornography.

    According to court documents, on Nov. 7, 2023, Kyle Cozens, 32, who was stationed on Eielson Air Force Base, was interviewed by the FBI in a related case from Illinois involving child sexual abuse material (CSAM). Cozens allowed agents to review messages on his phone and they observed CSAM images of a known victim. Agents obtained a search warrant for Cozens’ phone and discovered he was communicating with individuals on messaging apps and buying CSAM images from them. Agents discovered multiple CSAM images and videos on his phone, with some visuals depicting prepubescent females.

    On March 1, 2024, law enforcement searched Cozens’ residence and seized over 30 electronic devices. To date, law enforcement has identified over 80 videos and over 680 images depicting child sexual abuse on Cozens’ devices.

    On Nov. 15, 2024, Cozens pleaded guilty to one count of receipt of child pornography. In addition to prison time and supervised release, Cozens is required to register as a sex offender upon release from prison as part of his sentence.

    “The widespread dissemination of images of children forced to endure sexual abuse is a horrific crime that law enforcement fights every day. Mr. Cozens contributed to the revictimization of those children by paying for visuals of child sexual abuse,” said First Assistant U.S. Attorney Kathryn R. Vogel for the District of Alaska. “My office will continue to protect our most vulnerable by partnering with law enforcement to find and prosecute anyone who targets children for nefarious purposes.”

    “The defendant purchased and possessed large amounts of CSAM, directly contributing to online child exploitation and the re-victimization of young children,” said Special Agent in Charge Rebecca Day of the FBI Anchorage Field Office. “This sentencing underscores the FBI’s commitment to ensuring child predators are identified and held accountable for their crimes against children.”

    “Interagency partnerships, like the ones utilized in this case, are vital to fighting child exploitation,” said Special Agent Tyler Pierson, Air Force Office of Special Investigations Detachment 632.  “AFOSI is committed to these partnerships and our mission of protecting the Department of the Air Force from criminal behavior that threatens the mission, equipment and people of the Department.”

    The FBI Anchorage Field Office, Fairbanks Resident Agency, and U.S. Air Force Office of Special Investigations investigated the case, with assistance from the FBI Springfield Field Office.

    Assistant U.S. Attorney Carly Vosacek prosecuted the case.

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

    ###

    MIL Security OSI –

  • MIL-OSI Security: Large-scale cocaine importers sentenced to federal prison

    Source: Office of United States Attorneys

    STATESBORO, GA:  Two men who supplied kilograms of cocaine for a major drug trafficking conspiracy have been sentenced to federal prison.

    Pedro Castro-Vasquez, a/k/a “Chipo,” 53, of Puerto Rico, and Sonic Torres-Garcia, 27, of Kissimmee, Florida,  were each sentenced after pleading guilty to Conspiracy to Possess with Intent to Distribute, and to Distribute, Cocaine, said Tara M. Lyons, Acting U.S. Attorney for the Southern District of Georgia. U.S. District Court Judge J. Randal Hall sentenced Castro-Vasquez to 180 months in prison and a fine of $1,500, followed by three years of supervised release, and sentenced Torres-Garcia to 180 months in prison, consecutive to other pending state and federal cases, and a fine of $2,500, followed by three years of supervised release.

    There is no parole in the federal system.

    “The conspiracy identified in this multi-year investigation was responsible for importing and distributing large quantities of drugs in the Southern District,” said Acting U.S. Attorney Lyons. “Multiple law enforcement agencies persisted through this lengthy investigation in identifying the key players in this drug trafficking operation, holding them accountable for spreading misery in the Southern District.”

    As described in the 49-count indictment unsealed in November 2022, Operation Carpet Ride identified a drug trafficking conspiracy operating in Bulloch, Burke, Candler, Effingham, Evans, Liberty, Richmond, and Tattnall counties, and elsewhere, from as early as January 2016. Led by Daniel Morales-Jimenez, a/k/a “Danny Hill,” 48, of Puerto Rico, the conspiracy imported large quantities of cocaine, methamphetamine and other drugs from and through Puerto Rico, into Florida and the Southern District. Morales-Jimenez pled guilty to federal conspiracy charges in both the Southern District and in Puerto Rico and awaits sentencing.

    Castro-Vasquez was identified as a kilo-quantity distributor who obtained cocaine from Morales-Jimenez, arranging importation into the continental United States for distribution in the Southern District. Torres-Garcia supplied kilos of cocaine to Demarr Clayton Lee, 55, of Miami, Florida, while also arranging to deliver cocaine to the Southern District using members of his family. Lee, who pled guilty in the conspiracy, is serving a sentence of 98 months in federal prison, while 26 other defendants in Operation Carpet Ride are serving sentences of up to 240 months in prison after pleading guilty. 

    “This case represents the continued commitment of the Drug Enforcement Administration to identify and hold accountable those who engage in the distribution of dangerous drugs,” said Jae W. Chung, the Acting Special Agent in Charge of the DEA Atlanta Division.

    “The U.S. Postal Inspection Service employs a whole-of-government approach to combatting illicit drugs in the mail,” said Steven Hodges, Acting Inspector in Charge of the U.S. Postal Inspection Service Miami Division. “This case, and our partnerships, illustrate our strategy in action. Protecting the American public through criminal investigations like this is a top priority of the U.S. Postal Inspection Service.”

    The case was investigated under the Organized Crime Drug Enforcement Task Forces (OCDETF). OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach.

    The case was investigated by the U.S. Drug Enforcement Administration; the Bureau of Alcohol, Tobacco, Firearms and Explosives; the U.S. Postal Inspection Service; Homeland Security Investigations; the Georgia Bureau of Investigation; the Puerto Rico State Police; the Georgia State Board of Pardons and Paroles; the Georgia Department of Community Supervision; the Tattnall County Sheriff’s Office; the Bulloch County Sheriff’s Office; the Evans County Sheriff’s Office; the Barceloneta Police Department; the Claxton Police Department; and the Glennville Police Department; and prosecuted for the United States by Southern District of Georgia Assistant U.S. Attorneys Frank M. Pennington II and OCDETF Coordinator Marcela C. Mateo. 

    MIL Security OSI –

  • MIL-OSI: Baltic Horizon Fund General Meeting – notice to investors

    Source: GlobeNewswire (MIL-OSI)

    At the request of a unitholder whose units represent more than 1/10 of all the votes, Northern Horizon Capital AS invites Baltic Horizon Fund unit-holders and Swedish Depositary Receipt (hereinafter the “SDR”) holders (hereinafter together the “Investors”) to attend an extraordinary General Meeting (hereinafter the “General Meeting”) of Baltic Horizon Fund on 27 March 2025 at 14:00 (local Estonian time) at the office of Northern Horizon Capital AS at Roseni 7 (A tower), 6th floor, 10111 Tallinn, Estonia. Registration for the meeting will begin at 13:00. The General Meeting will be held in English.

    The meeting is convened in accordance with sections 10.3.3., 10.5, 10.6 and 11.2 of the Rules of Baltic Horizon Fund and section 47-1 of the Investment Funds Act of Estonia.

    The total number of units and votes in Baltic Horizon Fund amounts to 143,562,514 .

    Investors may also join the webinar to view the General Meeting online on 27 March 2025 at 14:00.

    To join the webinar, please register via the following link: https://nasdaq.zoom.us/webinar/register/WN_Cd4HF9QwQpaCuPaPa5etOA.

    You will be provided with the webinar link and instructions how to join successfully. The webinar will be recorded and available online for everyone at the company’s website on www.baltichorizon.com.

    Agenda, as proposed by the unitholder:

    1. Decision to elect Andrius Smaliukas as a new member of the supervisory board of Baltic Horizon Fund as of 1 May 2025 for a period of two years.
    2. Decision to elect Milda Dargužaitė as a new member of the supervisory board of Baltic Horizon Fund as of 1 May 2025 for a period of two years.
    3. Decision to elect Antanas Anskaitis as a new member of the supervisory board of Baltic Horizon Fund as of 1 May 2025 for a period of two years.
    4. Decision to pay remuneration to the chairman of the supervisory board for fulfilling obligations of the member of the supervisory board in the amount of EUR 36,000 per calendar year.
    5. Decision to pay remuneration to supervisory board members, other than  the chairman, for fulfilling obligations of the member of the supervisory board in the amount of EUR 11,000 per calendar year.
    6. Decision to recall Reimo Hammerberg, Monica Hammer and David Bergendahl from the position of the supervisory board member of Baltic Horizon Fund with the last date of the office being 30 April 2025.

    Investors are invited to send questions and comments on the agenda to the Baltic Horizon fund manager at Tarmo.Karotam@nh-cap.com by 20 March 2025. Northern Horizon Capital AS will respond to the questions and comments at the meeting itself.

    Participation – requirements and notice

    Investors who are entered in the Baltic Horizon Fund registry of unit-holders maintained by Nasdaq CSD SE and holders of SDRs registered in the Euroclear Sweden AB system ten days before the date of the General Meeting, i.e. at the end of business of Nasdaq CSD SE on 17 March 2025, are entitled to participate in the meeting.

    In order to facilitate the registration process, investors whose units are registered in their own name are invited to provide notice of their attendance by 24 March 2025 to bhfmeeting@nh-cap.com. Notice should include name, personal identification number (or the registration number of the legal person), address, number of units represented and, if applicable attendance of any representatives, along with the name and personal identification number of the representatives. The attendance of a representative does not deprive the unit-holder of the right to participate at the meeting.

    Instructions to holders of Baltic Horizon Fund SDRs registered with Euroclear Sweden AB in Sweden

    IMPORTANT REQUIREMENT: SDR holders whose SDR-s are registered with Euroclear Sweden AB via a bank or other nominee are required to notify their bank or nominee account provider by 17 March 2025 to temporarily add their name on the Euroclear Sweden AB owner register.

    Notice of participation should also be sent by 16:00 EET on 24 March 2025 to bhfmeeting@nh-cap.com. Notice should include name, personal identification number (or the registration number of the legal person), address, number of units represented and, if applicable, attendance of any representatives, along with the name and personal identification number of the representatives. The attendance of a representative does not deprive the Investor of the right to participate at the meeting.

    Representation under a power of attorney

    Investors whose representatives are acting under a power of attorney are requested to prepare a written power of attorney for the representative in Estonian or English (templates can be found at Annex 1).

    A copy of the executed power of attorney should be sent to bhfmeeting@nh-cap.com together with the notice of participation. In case the power of attorney is issued by a legal person, a certified copy of the registration certificate (or equivalent certificate of authority) shall also be submitted together with, as applicable, the documents certifying the authority of the representative in case the power of attorney is signed by a person under a power of attorney.

    Baltic Horizon Fund is registered in Estonia, which means that any power of attorney (or any certified copy of the registration certificate of a legal person) issued in a foreign country should be notarised and accompanied by an apostille. The apostille requirement applies, for example, to powers of attorney issued and notarised in Sweden or Finland. 

    Instructions for the day of the General Meeting

    We kindly ask Investors to bring a personal identification document, and for their representatives also to present the original written power of attorney in English or Estonian. In case the Investor is a legal person, documentation in Estonian or English certifying the authority of the Investor’s representative or the signatory of the power of attorney will also be requested.

    Data collected by Northern Horizon Capital AS from powers of attorney, the unitholders registry maintained by Nasdaq CSD SE, and the list of holders of SDRs registered in the Euroclear Sweden AB system will be used for the purpose of registration for the meeting.

    1. Decision to elect Andrius Smaliukas as a new member of the supervisory board of the Baltic Horizon Fund

    According to section 11.2 of the Rules of Baltic Horizon Fund the members of the supervisory board shall be appointed at the general meeting for a period of at least two years. The  proposal is to elect Andrius Smaliukas as a new member of the supervisory board.

    Dr. Smaliukas is the Managing Partner at MMSP, a Lithuanian law firm focused on strategic corporate advisory and dispute resolution. He previously partnered at one of the leading Pan-Baltic firm, Valiunas Ellex, and holds nearly 20 years of experience as an arbitrator and international arbitration lead counsel. Dr. Smaliukas earned his Ph.D. and Master of Laws from Vilnius University, conducted postgraduate research at Oxford, and completed executive programs at Cambridge Judge Business School and Harvard Law School. Dr.Smaliukas serves on the boards of Staticus Group, Kesko Senukai, has extensive advisory experience in commercial real estate M&A and investment management across the Baltic countries.

    Andrius Smaliukas does not hold any units of the Baltic Horizon Fund.

    1. Decision to elect Milda Dargužaitė as a new member of the supervisory board of the Baltic Horizon Fund

    According to section 11.2 of the Rules of Baltic Horizon Fund the members of the supervisory board shall be appointed at the general meeting for a period of at least two years. The proposal is to elect Milda Dargužaitė as a new member of the supervisory board.

    Milda Dargužaitė is the former CEO of Northern Horizon Capital A/S, the shareholder of Northern Horizon Capital AS. She was responsible for managing the company’s operations and strategic direction, including the development of new funds and investment vehicles. Milda has significant experience in both the public and private sectors, locally and internationally. She joined the company in 2018 after roles as the Chancellor at the Lithuanian Prime Minister’s Office, Managing Director of Invest Lithuania, and advisor to the Lithuanian Minister of Economy. Milda has a wealth of experience in finance and portfolio management from her time at Goldman Sachs in New York and Barclays in London. Milda Dargužaitė was the supervisory board member of Northern Horizon Capital AS from July 2018 until September 2023.

    Milda holds a bachelor’s degree in Mathematics and Economics from Middlebury College and a master’s degree in Operations Research and Financial Engineering from Princeton University. She has served on the boards of several Northern Horizon Group entities.

    Milda Dargužaitė does not hold any units of the Baltic Horizon Fund.

    1. Decision to elect Antanas Anskaitis as a new member of the supervisory board of the Baltic Horizon Fund

    According to section 11.2 of the Rules of Baltic Horizon Fund the members of the supervisory board shall be appointed at the general meeting for a period of at least two years. The proposal is to elect Antanas Anskaitis as a new member of the supervisory board.

    Antanas Anskaitis is a partner at Grinvest which is a private investment company with interests in real estate and transportation. Antanas has over 20 years of real estate investment management experience (out of which 16 within Northern Horizon Capital group). Since 2015 until 2020 Antanas managed a successful Baltic-Polish investment portfolio on behalf of Partners Group and lead over 30 commercial property transactions in the Baltics and Poland having experience both on sell and buy side. Antanas has MSc in Management and Economics.

    Grinvest through its subsidiary in Estonia Gene Investments OÜ is the largest unitholder in Baltic Horizon Fund (>25%) at the time of this notice.

    1. Decision to pay remuneration to the chairman of the supervisory board

    According to section 11.11 of the Rules of Baltic Horizon Fund, supervisory board members are entitled to remuneration for their service. The amount of remuneration payable to the chairman and members of the supervisory board shall be decided at the general meeting. According to section 11.4 of the Rules of Baltic Horizon Fund, supervisory board members elect a chairman from among themselves in the first meeting after election of any new member(s).

    The supervisory board in this composition intends working in close liaison with Northern Horizon Capital AS in the subcommittees and meet at least once a month while Baltic Horizon Fund is in the turnaround phase. The proposal is therefore to pay remuneration to the chairman of the supervisory board in the amount of EUR 36,000 per calendar year.

    1. Decision to pay remuneration to supervisory board members

    According to section 11.11 of the Rules of Baltic Horizon Fund, supervisory board members are entitled to remuneration for their service. The amount of remuneration payable to the chairman and members of the supervisory board shall be decided at the general meeting. 

    The proposed remuneration is the same as for the current members of the supervisory board. The unitholder proposes to remunerate each supervisory board member (except the chairman, who shall be remunerated in accordance with point 4 above) in the amount of EUR 11,000 per calendar year.

    1. Decision to recall Reimo Hammerberg, Monica Hammer and David Bergendahl from the position of the supervisory board member of Baltic Horizon Fund

    According to section 10.3.3 of the Rules of Baltic Horizon Fund the members of the supervisory board shall be recalled at the general meeting.

    Annex 1:

    Form of power of attorney to appoint a representative for the general meeting (in Estonian)

    Form of power of attorney to appoint a representative for the general meeting (in English)

    For additional information, please contact:

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

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

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

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

    Attachments

    The MIL Network –

  • MIL-OSI: Trust Stamp ® announces the achievement of the D-seal

    Source: GlobeNewswire (MIL-OSI)

    COPENHAGEN, March 05, 2025 (GLOBE NEWSWIRE) — Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company™, has been awarded the D-seal, a recognized label for IT security and responsible data usage. The D-seal is the first of its kind to combine IT security and responsible data usage into a single label. This milestone further solidifies Trust Stamp’s leadership in delivering ethical, privacy-preserving digital identity solutions, particularly in humanitarian aid, financial inclusion, and public sector services, assuring these organizations that Trust Stamp’s privacy-first solutions meet the highest ethical and security standards. By voluntarily undergoing the comprehensive evaluation of the D-seal, Trust Stamp has demonstrated its unwavering commitment to responsible digital practices.

    By adhering to the values of D-seal such as IT security, privacy, and responsible use of data, it can bring a shift to the humanitarian sector. The humanitarian sector has historically prioritized efficiency and fraud prevention over privacy, often collecting and storing vast amounts of biometric data without adequate safeguards. As a result, vulnerable populations face increased risks of data breaches, misuse, and unintended surveillance.
     
    By voluntarily undergoing the comprehensive evaluation of the D-seal, Trust Stamp reinforces its longstanding commitment to responsible digital practices, and continues to lead the way—enhancing fraud prevention and operational efficiency while ensuring the protection of individual rights.  Likewise, in financial inclusion, where billions remain unbanked due to a lack of verifiable identity, Trust Stamp’s privacy-preserving technology empowers individuals with secure, interoperable, and responsible identity solutions that open doors to financial services while minimizing risks of misuse or exploitation.

    Beyond humanitarian and financial sectors, Trust Stamp’s commitment to ethical, secure, and interoperable identity solutions also extends to governments seeking to modernize their digital infrastructure without falling into the trap of vendor lock-in, a significant challenge, especially for developing nations. The achievement of the D-seal aligns with Trust Stamp’s commitment to breaking vendor lock-in and ensuring secure, ethical, and interoperable digital identity solutions. By leveraging privacy-preserving technologies that are adaptable and vendor-agnostic, Trust Stamp empowers public sector entities, as well as the humanitarian and financial sectors —to enhance security, efficiency, and inclusivity without being constrained by proprietary systems removing the constraints of vendor lock-in. This approach not only fosters innovation, it ensures that governments can implement sustainable and future-proof identity solutions that serve their citizens without compromising autonomy or security.

    Scott Francis, Group Chief Technology Officer at Trust Stamp, stated:

    “Receiving the D-seal certification underscores our commitment to security, privacy, and ethical data practices—values that are deeply embedded in our mission to break the cycle of vendor lock-in. The D-seal’s emphasis on IT security and responsible data usage aligns with our approach to interoperability, ensuring that identity solutions remain secure, privacy-preserving, but also interoperable. As interoperability in facial biometrics is non-existent today our recent patent addresses that gap, as it allows users to obtain and compare biometric samples across different vendors. By creating an open-format standard, we empower organizations to implement secure and scalable identity solutions .”

    The D-seal achievement reaffirms a commitment to secure, privacy-first identity verification with interoperable, vendor-agnostic solutions that promote financial inclusion and tackle critical challenges in humanitarian and public sectors, fostering a digital identity ecosystem founded on privacy, trust, and accessibility.

    For more information about Trust Stamp’s privacy-first identity solutions, visit www.truststamp.ai.

    Inquiries

    Trust Stamp                                                   Email: Shareholders@truststamp.ai 
    Jonathan Patscheider
    President, Trust Stamp Denmark

    About Trust Stamp

    Trust Stamp the Privacy-First Identity CompanyTM, is a global provider of AI-powered identity services for use in multiple sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services. Its technology empowers organizations with advanced biometric identity solutions that reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader base of users worldwide through its unique data transformation and comparison capabilities.

    Located in six countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI). The company was founded in 2016 by Gareth Genner and Andrew Gowasack.

    Safe Harbor Statement: Caution Concerning Forward-Looking Remarks 

    All statements in this release that are not based on historical fact are “forward-looking statements” including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events-based information currently available and are subject to risks and uncertainties that could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update

    The MIL Network –

  • MIL-OSI United Kingdom: Director bans for husband-and-wife after furniture company took payments from customers for goods they never received

    Source: United Kingdom – Executive Government & Departments

    Press release

    Director bans for husband-and-wife after furniture company took payments from customers for goods they never received

    The company went into liquidation owing customers at least £97,000

    • George and Williamina Hay were directors of furniture retailer DWH Trading Ltd in Aberdeenshire 

    • The company was in financial trouble in April 2023, having a number of outstanding orders from customers 

    • Despite knowing the financial situation of their company, the husband-and-wife took 55 more orders, most of which were not even placed with their suppliers 

    • Both have now been disqualified as company directors following investigations by the Insolvency Service 

    A husband-and-wife whose furniture company went into liquidation owing customers almost £100,000 have both been banned as company directors. 

    George and Williamina Hay were directors of DWH Trading Ltd, which sold adjustable beds and chairs, mostly to elderly and vulnerable customers, from their home address in Aberdeenshire. 

    The company was struggling financially by April 2023 but continued to take orders and payments from customers in the following six months before it entered liquidation. 

    Both directors should have known that the majority of these orders would never be fulfilled. 

    George Hay, 65, of Greenacres Crescent, Peterhead, was disqualified as a company director for seven years. 

    Williamina Hay, 61, of the same address, was also banned for seven years. 

    Mike Smith, Chief Investigator at the Insolvency Service, said: 

    George and Williamina Hay both took orders from customers in the six months before their company went into liquidation, most of which they knew would not be fulfilled. 

    Most of the customers they took these orders from were elderly and vulnerable. 

    Both George and Williamina Hay have fallen significantly short of the standards we expect of company directors which is why they have now been disqualified until March 2032.

    DWH Trading was established in March 2021 but in just over two years the company had serious cash flow issues. 

    At the start of April 2023, DWH Trading’s bank balance stood at less than £6,000 and the company had no other non-cash assets. 

    The company also had 13 outstanding orders from customers who had paid them £27,250. DWH Trading had not ordered the goods from its suppliers and the orders remained outstanding at liquidation. 

    Despite this, George and Williamina Hay allowed the company to take a further 55 orders from April 2023 until the company entered liquidation in October of that year. 

    A total of 42 of the 55 orders with a value of £69,750 were not placed with the company’s suppliers. 

    In one example, a pensioner from Stonehaven paid a £2,000 deposit to the company for an adjustable chair which was never ordered from the manufacturer.  

    Similarly, a customer from a village in west Aberdeenshire paid a £9,000 deposit for furniture which was never delivered. 

    Customers from as far away as Dundee and Elgin also ended up losing out. 

    The company owed a total of £143,340 to its creditors in liquidation. Insolvency Service investigators have found that at least £97,000 of this was owed to customers for stock which it did not order. 

    The Secretary of State for Business and Trade accepted disqualification undertakings from the pair, and their bans both started on Monday 3 March.  

    The undertakings prevent them from being involved in the promotion, formation or management of a company, without the permission of the court. 

    Further information 

    Updates to this page

    Published 5 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Government to unleash the North Sea’s clean energy future

    Source: United Kingdom – Executive Government & Departments

    Press release

    Government to unleash the North Sea’s clean energy future

    The government is consulting on plans to put the North Sea at the heart of Britain’s clean energy future and drive economic growth.

    • UK government consults on plan to unleash the North Sea’s clean energy future and ensure prosperous and sustainable transition for oil and gas

    • this plan backs industry to make North Sea a world-leader in offshore industries, such as hydrogen, carbon capture and wind, as part of the government’s clean energy superpower mission

    • it also offers oil and gas industry long-term certainty on the fiscal landscape by ending the Energy Profits Levy and consulting on a new regime to boost investment in jobs and growth 

    • consultation gives certainty to industry about the lifespan of oil and gas projects by committing to maintain existing fields for their lifetime and work with business and communities on a managed transition, while implementing the commitment not to issue new licences to explore new fields 

    The government has today (Wednesday 5 March) launched a consultation that will put the North Sea – its communities, workers, businesses and supply chains – at the heart of Britain’s clean energy future to drive economic growth and deliver the Plan for Change.   

    This will support private investment into the technologies that will deliver the next generation of good jobs for North Sea workers, invest in local communities, cut carbon emissions and help the UK become energy secure.

    The consultation sets out the next steps in the government’s overarching objective for the North Sea to make it a world leading example of an offshore clean energy industry, building on the UK’s world-class oil and gas heritage. In addition to maintaining existing oil and gas fields, and continuing ongoing domestic production, which have been critical to the UK’s energy system and will continue to play an important role for decades to come, the government wants to boost the economy through the expansion of clean technologies, protecting the country’s energy security in the process. To achieve this, the government needs to ensure the oil and gas industry and its workers can take advantage of a clean energy future.

    Separately, HM Treasury and HM Revenue and Customs are confirming that the Energy Profits Levy will end in 2030. They are consulting on what a new regime could look like, to respond to any future shocks in oil and gas prices. The government will work closely with the sector and other stakeholders to develop an approach that protects jobs in existing and future industries and delivers a fair return for the nation, during times of unusually high prices. The government will ensure that the oil and gas industry has the long-term certainty it needs on the future fiscal landscape, helping to support investment and protect businesses and jobs now and for the future. 

    The government is committed to working with industry, communities, trade unions and wider organisations to develop a plan that will ensure a phased transition for the North Sea – creating tens of thousands more jobs in offshore renewables estimated by 2030.   

    The government recognises the call of workers and trade unions for a coordinated plan to protect good jobs, pay terms and conditions in the North Sea, and commits to shaping this plan with workers and unions. 

    The consultation also includes delivering the government’s commitment not to issue new licences to explore new oil and gas fields in the UK, in line with the science of what is required to keep global warming to 1.5 degrees. The consultation also engages with industry on how to manage existing fields, which will continue to make an important contribution during the clean energy transition, for the entirety of their lifespan.  

    This comes after the government has backed new investment into Scotland’s clean energy future, awarding £55.7 million to the Port of Cromarty Firth, securing critical facilities needed for the rapid development of new floating offshore wind farms and ensuring that they are built from the UK.

    By sprinting to achieve this mission, the UK can take back control of its energy and protect both family and national finances from fossil fuel price spikes – with cleaner, affordable, homegrown power. As part of this, Britain must also reduce its dependency on oil and gas, which leaves consumers exposed to unstable global energy markets, as its price is set on international markets.  

    Energy Secretary Ed Miliband said: 

    The North Sea will be at the heart of Britain’s energy future. For decades, its workers, businesses and communities have helped power our country and our world. 

    Oil and gas production will continue to play an important role and, as the world embraces the drive to clean energy, the North Sea can power our Plan for Change and clean energy future in the decades ahead.  

    This consultation is about a dialogue with North Sea communities – businesses, trade unions, workers, environmental groups and communities – to develop a plan that enables us to take advantage of the tremendous opportunities of the years ahead.

    Diversifying the North Sea industries while domestic production is managed for decades to come is key to protecting its jobs and investment in the long-term. Today’s consultation explores how to harness the North Sea’s existing infrastructure, natural assets and world-leading expertise to deploy new technologies – like hydrogen, carbon capture and storage, and renewables – to create skilled jobs, meet the UK’s climate obligations, and make the UK a clean energy superpower.  

    It is estimated that the offshore renewables workforce, including offshore wind, CCUS and hydrogen, could increase to between 70,000 and 138,000 in 2030, Meanwhile, an up-and-running carbon capture industry alone is expected to add around £5 billion per year of gross value to the UK economy by 2050. 

    New proposals could also see changes to the role of North Sea Transition Authority, as the regulator of UK oil and gas, offshore hydrogen, and carbon storage industries. This includes ensuring the authority has the regulatory framework it needs to support the government’s vision for the long-term future of the North Sea and enable an orderly and prosperous transition to clean energy.  

    The government has already taken rapid steps in accelerating clean energy industries – with the biggest ever investment in offshore wind and up to £21.7 billion in funding over the next 25 years for carbon capture and storage and hydrogen projects. This comes alongside the launch of Great British Energy, headquartered in Aberdeen, and the creation of a National Wealth Fund, both of which will unlock significant investment in clean power projects across the UK and help create thousands of skilled jobs. 

    The government has also consulted on revised environmental guidance offshore oil and gas projects and will respond to give certainty to the industry and enable developers to resume applying for consents for already-licensed projects. This follows a Supreme Court ruling last year that requires regulators to consider the impact of burning oil and gas – known as scope 3 emissions – in the Environmental Impact Assessment for new projects.

    Exchequer Secretary to the Treasury, James Murray, said: 

    We are committed to working together with the sector on the future of the North Sea by providing the stability they need to keep investing and supporting jobs across the country while ensuring they make a fair contribution at times of unusually high prices. 

    Tania Kumar, Net Zero Director, CBI said:

    The North Sea has long been a cornerstone of the UK’s energy sector and will continue to play a vital role in securing energy independence and transitioning to a low-carbon economy. Today’s consultations highlight the government’s commitment to a managed transition. Success hinges on our collaboration with communities, workers, and businesses to develop a practical plan.   

    Robust regulation and the pivotal role of the North Sea Transition Authority will be essential. The UK’s net zero economy is growing faster than the rest of the economy – the future is green growth and managing the transition away from fossil fuels to a clean energy future for the North Sea is vital to achieving it. 

    Dhara Vyas, CEO, Energy UK said: 

    Today’s announcement offers a positive step toward a just transition for offshore workers. The North Sea has been an engine of economic growth and energy security for the UK, but it’s critical to ensure pathways are available for offshore workers to transition to the low carbon industries of the future. The government has a sent a strong signal about the UK’s clean energy future, and the role the North Sea will continue to play in fostering clean technologies such as offshore wind, hydrogen, and carbon capture and storage. The clean energy mission can help ensure the North Sea’s best days are ahead of it, powering economic growth and enabling the UK to lead the way in the global clean industrial revolution. 

    David Whitehouse, Chief Executive, OEUK said:

    The UK offshore energy industry, including its oil and gas sector, is responsible for thousands of jobs across Scotland and the UK, and today the government has committed to meaningful consultation on the long-term future of our North Sea. That is important and welcomed. Energy policy underpins our national security – how we build a clean energy future and leverage our proud heritage matters.

    Today’s consultations, on both the critical role of the North Sea in the energy transition and how the taxation regime will respond to unusually high oil and gas prices, will help to begin to give certainty to investors and create a stable investment environment for years to come. We will continue to work with government and wider stakeholders to ensure a future North Sea which delivers economic growth and supports the communities that rely on this sector and workers across right and the UK.

    Rachel Solomon Williams, Executive Director, Aldersgate Group said:  

    The private sector recognises the growth opportunity of the clean energy transition alongside the risks associated with investments that are incompatible with the 1.5C target. This consultation is an important step on the path to building a prosperous and resilient economy, with wider benefits across all regions of the UK. Investing in assets that risk becoming stranded is sustainable for neither the UK economy nor the environment – the government’s recognition of this position will contribute to resolving uncertainty and building private sector confidence for clean energy investments in the region.    

    The skills and expertise built over recent decades in the North Sea are invaluable. They are highly transferable for clean energy and other growth sectors, both directly and with further upskilling. We welcome the government’s announcement that it is ensuring that the North Sea transition makes best use of the strengths in the region, creating opportunities and jobs. Capturing this growth opportunity for the UK must ensure that the local communities and workers can play a role in future energy sectors. The right policy framework and engagement with industry and local communities can enable a transition to net zero emissions without deindustrialisation.

    Dan McGrail, Chief Executive, RenewableUK said: 

    The biggest offshore wind farms in the world are being built in the North Sea and even more ambitious projects are being planned. Offshore wind is at the very heart of the government’s mission to reach clean power by 2030 and net zero by 2050, and the industry also offers the UK one of its biggest opportunities for job creation, industrial regeneration and economic growth. 

    The North Sea is already playing a crucial role in powering the UK and this is set to grow in the years ahead. A future focused on offshore wind isn’t just cleaner – it provides a more stable energy system for billpayers as we will be less exposed to volatile international fossil fuel prices. Offshore wind also offers opportunities for skilled workers from other industries to transfer into this dynamic and innovative sector.

    Notes to Editors 

    The Department for Energy Security and Net Zero’s consultation on Building the North Sea’s Energy Future will run for 8 weeks from 5 March to 30 April.

    The government is consulting on how to deliver its commitment to end new licences to explore new fields, including all new seaward exploration and production licences to search for and extract new oil and gas resources in the UK. Licence extensions and transfers would not be affected, to facilitate existing fields to operate for the entirety of their lifetime and support the government’s commitments not to revoke existing licences. Licences for carbon storage, gas storage and methane drainage would also not be affected.   

    The consultation also sets out the government’s commitment to end new licences for onshore oil and gas exploration and production in England.    

    HM Treasury’s consultation on High Price Mechanism for Oil and Gas will run for 12 weeks from 5 March to 28 May.   

    Officials figures from the Department for Energy Security and Net Zero’s ‘Digest of UK Energy Statistics’ show a 72% reduction in UK oil and gas production occurring between 1999 and 2023. The North Sea Transition Authority also predicts an 89 per cent drop in UK oil and gas production by 2050.   

    Office for National Statistics’ analysis shows that direct jobs in oil and gas extraction fell by around a third between 2014 and 2023.   

    Meanwhile, findings from the Robert Gordon University study ‘Powering up the Workforce’ in 2023 estimated that the offshore renewables workforce – which includes offshore wind, carbon capture and storage, and hydrogen – could increase to between 70,000 and 138,000 in 2030. This study also found that over 90% of the UK’s oil and gas workforce have medium to high skills transferability and are well positioned to work in adjacent energy sector.   

    Today’s announcement also comes after the government confirmed Aberdeen, Cheshire, Lincolnshire and Pembrokeshire as key growth regions for clean energy and launched pilots to help workers in these areas access jobs in new clean energy industries.    

    Oil and gas workers will also get help to move into these sectors, thanks to a new energy ‘skills passport’ launched last month – led by Renewable UK and Offshore Energies UK, and backed by UK and Scottish Governments. This tool will support workers into careers in offshore wind initially, before being expanded to other renewables roles later this year.   

    Many of the skills required for the transition already exist, with research showing that 90% of oil and gas workers have transferable skills for offshore renewable jobs. The government is now exploring what further support is needed to help workers take full advantage of the UK’s clean energy transition, as part of its consultation on the future of the North Sea.

    Updates to this page

    Published 5 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: ICE arrests 9 Houston area criminal aliens in past week convicted or charged with sex offenses

    Source: US Immigration and Customs Enforcement

    March 5, 2025Houston, TX, United StatesChild Exploitation

    HOUSTON — U.S. Immigration and Customs Enforcement arrested nine criminal aliens in the Houston area between Feb. 24 – 28 charged with, or have been convicted of, a sex offense and are amenable to removal from the U.S.

    The arrests were part of a multi-agency enforcement effort conducted by ICE, the U.S. Marshals Service, the Texas Department of Public Safety – Criminal Investigation Division, and the Texas Office of Attorney General.

    “Our local communities are safer as a direct result of this targeted enforcement effort,” said ICE Homeland Security Investigations Houston Special Agent in Charge Chad Plantz. “In just five days, working alongside our federal and state partners, and leveraging HSI’s unique investigative authorities and extensive expertise investigating child exploitation crimes, we were able to quickly locate and remove these criminal aliens from the community before they could reoffend.”

    The arrests made during the targeted enforcement effort included:

    • A 39-year-old three-time deported criminal alien from El Salvador arrested Feb. 24 who is charged with for continuous sexual assault of a minor.
    • A 61-year-old three-time deported criminal alien from Mexico arrested Feb. 26 who was previously convicted of aggravated sexual assault of a minor, driving while intoxicated, and illegal entry.
    • A 55-year-old criminal alien from Cuba arrested Feb. 25 who was previously convicted of aggravated sexual assault.
    • A 61-year-old criminal alien from Cuba arrested Feb. 26 who was previously convicted of sexual battery with a weapon, sexual assault, kidnapping, and failure to register as a sex offender.
    • A 57-year-old criminal alien from Vietnam arrested Feb. 24 who was previously convicted of abduction with intent to extort money for an immoral purpose, illegal possession of a weapon, and burglary.
    • A 57-year-old criminal alien from Vietnam arrested Feb. 25 who was previously convicted of gross sexual imposition with a minor under the age of 13, failure to register as a sex offender, aggravated assault, carrying a prohibited weapon, and prostitution.
    • A 41-year-old criminal alien from Mexico arrested Feb. 26 who was previously convicted of indecency with a minor by contact, DWI, and marijuana possession.
    • A 72-year-old criminal alien from the Philippines arrested Feb. 25 who was previously convicted of aggravated sexual assault of a minor and cocaine possession.
    • A 71-year-old criminal alien from Cuba arrested Feb. 27 who was previously convicted of sexual battery of a minor.

    To learn more about ICE’s mission to combat child exploitation in the Houston-area follow us on X at @HSIHouston.

    MIL OSI USA News –

  • MIL-OSI: Trade Smarter with BexBack: 100% Deposit Bonus, 100x Leverage, No KYC & $50 Bonus for New Users

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 05, 2025 (GLOBE NEWSWIRE) — With Bitcoin’s price fluctuating below $100,000, many analysts predict a prolonged period of high volatility in the crypto market. Holding spot positions may struggle to generate short-term profits in such conditions. As a result, 100x leverage futures trading has become the preferred tool for seasoned investors looking to maximize potential gains in this volatile market. BexBack Exchange is ramping up its efforts to offer traders unmatched promotional packages.The platform now offers a 100% deposit bonus, a $50 welcome bonus for new users, and up to 100x leverage on cryptocurrency trading—all with No KYC requirements—providing excellent opportunities for investors.

    What Is 100x Leverage and How Does It Work?

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

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

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

    With BexBack’s deposit bonus

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

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

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

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, XRP, and 50 other major cryptocurrencies for futures contracts.. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

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

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

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

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

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

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

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

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

    Take Action Now—Don’t Miss Another Opportunity!

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

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    A photo accompanying this announcement is available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e21fc178-7344-42ca-b670-266d9c3f7531

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6202de8e-d347-431f-8adf-311f08c14aad

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c61032f7-5659-4e45-9303-cfbf114c3816

    https://www.globenewswire.com/NewsRoom/AttachmentNg/50ebb12a-7da1-4e6f-8a18-4ec9f503aa97

    The MIL Network –

  • MIL-OSI: Partners Value Split Corp. Announces Completion of $200,000,000 Public Offering of Class AA Preferred Shares, Series 15

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

    TORONTO, March 05, 2025 (GLOBE NEWSWIRE) — Partners Value Split Corp. (the “Company”) announced today the completion of its previously announced offering of Class AA Preferred Shares, Series 15 (the “Series 15 Preferred Shares”). A total of 8,000,000 Series 15 Preferred Shares were issued at an offering price of $25.00 per Series 15 Preferred Share, raising gross proceeds of $200,000,000. The Series 15 Preferred Shares carry quarterly fixed cumulative preferential dividends representing a 5.15% annualized yield on the offering price and have a final maturity of March 31, 2031. The Series 15 Preferred Shares have been listed and posted for trading on the Toronto Stock Exchange under the symbol PVS.PR. M.

    The net proceeds of the offering will be used by the Company to pay a special dividend on the Company’s capital shares.

    Prior to the closing of the offering, the Company subdivided the existing capital shares held by Partners Value Investments Inc. so that there are an equal number of preferred shares and capital shares outstanding.

    The Company owns a portfolio consisting of approximately 120 million Class A Limited Voting Shares of Brookfield Corporation and approximately 30 million Class A Limited Voting Shares of Brookfield Asset Management Ltd. (collectively, the “Brookfield Securities”), which are expected to yield quarterly dividends that are sufficient to fund quarterly fixed cumulative preferential dividends for the holders of the Company’s preferred shares and to enable the holders of the Company’s capital shares to participate in any capital appreciation of the Brookfield Securities.

    Brookfield Corporation is a leading global investment firm focused on building long term-wealth for institutions and individuals around the world. Brookfield Corporation has three core businesses: alternative asset management, wealth solutions, and its operating businesses which are in renewable power, infrastructure, business and industrial services, and real estate. Brookfield Corporation is listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BN.

    Brookfield Asset Management Ltd. (“BAM”) is a leading global alternative asset manager, headquartered in New York, with approximately US$1 trillion of assets under management across renewable power & transition, infrastructure, private equity, real estate, and credit. BAM’s objective is to generate attractive, long-term risk-adjusted returns for the benefit of its clients and shareholders. BAM is listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BAM.

    Jason Weckwerth, Chief Financial Officer, will be available at (416) 363-9491 to answer any questions regarding the offering.

    This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and regulations. The words “expected”, “will”, “agreed” and “enable” and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters or identify forward-looking information. Forward-looking information in this news release includes statements with regard to the use of proceeds of the offering and quarterly dividends from the Company’s portfolio of Brookfield Securities which are expected to fund quarterly fixed cumulative preferential dividends for holders of the Company’s preferred shares and to enable holders of its capital shares to participate in any capital appreciation of the Brookfield Securities. Although the Company believes that the anticipated future results or achievements expressed or implied by the forward-looking information and statements are based upon reasonable assumptions and expectations, the reader should not place undue reliance on the forward-looking information and statements because they involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking information and statements. Factors that could cause actual results to differ materially from those contemplated or implied by the forward-looking information and statements include: the behaviour of financial markets, including fluctuations in interest and exchange rates, availability of equity and debt financing and other risks and factors detailed from time to time in the Company’s other documents filed with the Canadian securities regulators. We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking information to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as may be required by law, the Company undertakes no obligation to publicly update or revise any forward-looking information or statements, whether written or oral, that may be as a result of new information, future events or otherwise. Reference should be made to the Company’s short form base shelf prospectus dated September 19, 2024 and the prospectus supplement dated February 27, 2025 for a description of the major risk factors.

    The MIL Network –

  • MIL-OSI United Kingdom: Government unlocks floating offshore wind with major investment for Scottish port

    Source: United Kingdom – Executive Government & Departments

    Press release

    Government unlocks floating offshore wind with major investment for Scottish port

    The expansion of Port of Cromarty Firth will make it the first port able to make floating offshore wind turbines on site and at scale in the UK, backed by a grant from the Floating Offshore Wind Manufacturing Investment Scheme (FLOWMIS).

    • Grant funding from UK government into Scotland’s floating offshore wind sector to drive growth and create hundreds of jobs
    • when fully developed, the port is expected to support up to 1,000 highly skilled jobs
    • Port of Cromarty Firth to become the UK’s first port able to make floating offshore wind turbines at scale – representing the next step of government’s Plan for Change to deliver clean power

    The Port of Cromarty Firth in Scotland will be a major hub for the UK’s world-leading floating offshore wind industry, as the UK government announces over £55 million for its expansion – creating hundreds of skilled jobs and generating growth, helping deliver the government’s Plan for Change.  

    Offshore wind projects are crucial to delivering the UK’s mission for clean power by 2030 and to become a clean energy superpower. The UK is already home to the largest grid-connected floating offshore wind farm in the world, with a further 30GW in the pipeline, and the latest statistics showing that wind generated more power than gas last year.  

    The expansion of Port of Cromarty Firth will make it the first port able to make floating offshore wind turbines on site and at scale in the UK, backed by a grant from the Floating Offshore Wind Manufacturing Investment Scheme (FLOWMIS). 

    This initial financial backing from the UK government paves the way for the port to secure match-funding from other investors, with the port expected to become operational by the start of 2028.

    Construction work on the port’s expansion is expected to create up to 320 jobs. When fully developed, the port is expected to support up to 1,000 skilled jobs in the construction, installation and operational support of offshore and floating offshore wind – such as crane operators, marine engineers, and people working on the vessels towing the turbines out to sea.

    Energy Minister Michael Shanks said:

    Communities in Scotland and across the country should be powered by reliable, home-grown, clean energy from British coastlines – this is how we reduce our reliance on unstable fossil fuel markets and bring down energy bills for good.

    That’s why the government is getting on with building the infrastructure needed to roll out clean energy quickly, creating skilled jobs in local communities and driving growth – the priority in our Plan for Change.

    The UK is already a world leader in floating offshore wind, but this support for Cromarty Firth will take us even further – creating hundreds of jobs in Scotland and delivering energy security for the UK.

    Scottish Secretary, Ian Murray, said:

    Scotland is a key part of making the UK a global leader in clean energy and this investment is a significant vote of confidence in the Inverness and Cromarty Firth Green Freeport and the surrounding area.

    Through our Plan for Change the UK government is paving the way for cutting-edge floating offshore wind technology while also helping to create highly skilled jobs and drive economic growth.

    Alex Campbell, Port of Cromarty Firth Chief Executive, said:

    The Port is delighted that FLOWMIS funding has been secured for our ambitious Phase 5 expansion, which is a critical step towards creating the UK’s first custom-built floating offshore wind integration port.  

    We believe this confirmation by the UK government shows the faith in our Trust Port status to deliver jobs and economic growth locally and nationally, and that the certainty from this announcement will unlock further investment in other Ports across the Inverness and Cromarty Firth Green Freeport to boost their complementary plans.

    The £55.7 million grant award is the latest step taken by the government to deliver clean power by 2030 and support growth. The government also launched the Clean Industry Bonus, incentivising offshore wind developers to invest in cleaner supply chains and create jobs in industrial communities.

    FLOWMIS was launched in 2023, designed to provide grants to ports to support development of port infrastructure needed for deployment of floating offshore wind at scale. The Port of Cromarty Firth is one of two ports selected for funding, with plans for the second shortlisted port, Port Talbot, under development.

    Notes for editors

    The Port of Cromarty Firth estimates that between 280 – 1,000 FTE jobs will be created when the port becomes fully operational.

    Updates to this page

    Published 5 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI Security: Two Venezuelan Gang Members Arrested, Charged with Bank Theft and Conspiracy

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

    BUFFALO, N.Y. –U.S. Attorney Michael DiGiacomo announced today that David Jose Gomez Cegarra, 24, and Jesus Segundo Hernandez-Gil, 19, both of Venezuela, were arrested and charged by criminal complaint with bank theft and conspiracy to commit bank theft. The charges carry a maximum penalty of ten years in prison.

    Assistant U.S. Attorneys Jeffrey E. Intravatola and Douglas A.C. Penrose, who are handling the case, stated that the defendants are members of the Tren de Aragua Gang, which has been designated by the White House as a Global Terrorist Organization. They are accused of participating in an ATM Jackpotting scheme. ATM Jackpotting involves removing an ATM’s cover and infecting the ATMs hard drive with malware or removing the hard drive and replacing it with an infected hard drive, which allows the operator to assume control of the ATM and cause it to dispense currency.

    According to the complaint, Gomez-Cegarra, Hernandez-Gil, and other co-conspirators successfully completed an ATM Jackpotting scheme at a Radius Federal Credit Union in Kenmore, NY, on October 5, 2024. Video surveillance shows that at approximately 4:05 p.m., a vehicle, driven by Gomez-Cegarra,  approached the drive-up ATM, a co-conspirator exited the vehicle and opened the ATM utilizing a key, appeared to install something in the ATM, pressed buttons, and closed the ATM. The vehicle then left the area. Over the next several hours, the vehicle re-appeared multiple times at the ATM and conducted illegal withdrawals. Radius Federal Credit Union reported that $110,440.00 was stolen from the ATM during this ATM Jackpotting event.

    Gomez-Cegarra, Hernandez-Gil, and other co-conspirators are also believed to be responsible for ATM Jackpotting events St. Maly’s Federal Credit Union in Framingham, Massachusetts, on October 6, 2024, at First National Bank of Dryden in Dryden, NY, on October 17, 2024, and at two Community First Bank locations in Mount Vernon, Illinois, on November 11, 2024. During these events, approximately $187,000 was reported stolen.

    On November 11, 2024, the Mahomet, Illinois Police Department stopped Gomez-Cegarra and Hernandez-Gil in a vehicle together for suspicious activity. Both men presented Venezuelan identifications. They were arrested by the Mahomet Police Department, and ultimately charged by the Mount Vernon Police Department in relation to the incidents that occurred at the Community First Bank locations in Mount Vernon, IL.

    The complaint is the result of an investigation by the Federal Bureau of Investigation, under the direction of Special Agent-in-Charge Matthew Miraglia, the Kenmore Police Department, under the direction of Chief Thomas Phillips, the Homer, NY, Police Department, under the direction of Chief Robert Pitman, the Framingham, MA, Police Department, under the direction of Chief Lester Baker, and the Mahomet, Illinois, Police Department.

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

    # # # # 

     

    MIL Security OSI –

  • MIL-OSI: LPL Welcomes Shorepoint Wealth Management

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, March 05, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisor Justin Lotano, CDFA®, has joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. He reported serving approximately $250 million in advisory, brokerage and retirement assets* and joins LPL from Wells Fargo Advisors Financial Network.

    Based in Colts Neck, N.J., Lotano’s profound interest in investments and his dedication to helping others have been the cornerstones of his professional journey since he started his career in 2006. He is joined by Joe Burgard, a recent financial advisor, along with registered representative Kevyn Marteniz and staff members TJ Savona and Gianna Granato.

    “We are a young team, with an average age of about 30, but we have a great level of experience guiding individuals into a more successful retirement,” said Lotano, who noted the team also focuses on helping clients through divorce and other life transitions. “We’ve made it a priority to cultivate long-lasting relationships with clients, and now we’re beginning to work with their children and grandchildren. Our goal is to help clients feel empowered and informed along each step of their financial journey, whether that’s navigating major life transitions, managing their wealth or planning for retirement.”

    Lotano, president of the Colts Neck Lions Club, is highly active in his community. He is proud to launch Shorepoint Wealth Management in the city where he grew up.

    “Working with LPL will allow me to build my brand and grow the business on my terms,” Lotano said. “LPL is constantly investing in technology and operational support, making it the ideal place to run my business. I appreciate the integrated technology and optionality within LPL’s platform, which allows us to evaluate the best planning software and other programs to pick the best fit for our clients and business. I’m excited for what’s ahead for Shorepoint Wealth Management.”

    Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome Justin and his team to the LPL community. At LPL, we are dedicated to empowering advisors with the essential tools and support to help them create value with clients and run thriving practices. Our platform offers the flexibility and support they require to develop their brand and expand their business on their own terms. We look forward to supporting Shorepoint Wealth Management for generations to come.”

    Related

    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.7 trillion in brokerage and advisory assets on behalf of approximately 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC. Shorepoint Wealth Management and LPL are separate entities.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2024.

    Media Contact: 
    Media.relations@LPLFinancial.com 
    (704) 996-1840

    Tracking #701422

    The MIL Network –

  • MIL-OSI: Wearable Devices Unlocks New Market Opportunities Following an Announcement of the Development of AI-Powered Gesture Personalization Technology

    Source: GlobeNewswire (MIL-OSI)

    – Advancing AI-driven interactions for extended reality (“XR”) and wearable technology markets –

    Yokneam Illit, Israel, March 05, 2025 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), an award-winning pioneer in artificial intelligence (“AI”)-based wearable gesture control technology, is proud to announce its next-generation gesture personalization technology that is expected to reshape human-device interactions. This breakthrough technology aims to open new commercial and licensing opportunities in the fast-growing XR, smartwatch, and AI-driven device markets.

    The Future of Personalized AI-Driven Gestures

    As AI continues to shape our digital landscape, the way we interact with technology is evolving. Traditional input methods – keyboards, touchscreens, and voice commands – are expected to give way to more natural, seamless interactions. Wearable Devices is developing an AI-powered neural wristband technology for detection of user specific micro-gestures, enabling a future of personalized controls tailored to individual users.

    While gestures such as Pinch, Pinch and Drag, and Drag are now in common use with multiple XR devices using gesture detection cameras, the use of a neural interface requires overcoming the various patterns a user may exhibit. Certain users may display neural patterns which are over the normal distribution patterns. Further, the development of new unique gestures which are personalized to a specific user may be hindered by the above obstacles.

    Through leveraging Large Motor Unit Action Potential (MUAP) Models, Wearable Devices is enhancing its ability to create a higher gesture classification experience to all users. Micro gestures, in-which the fingers only perform a minute movement, and user-defined gestures can be added to a control scheme on a device, thus enhancing the comfort of control and the ease of use on multiple devices.

    A New Era for AI-Powered Devices and XR Platforms

    Wearable Devices’ neural-based gesture personalization is being developed to revolutionize XR, smartwatches, and other AI-driven interfaces. The technology aims to enable:

    • Micro-Gesture Precision: AI refining recognition of tiny movements, such as small and fine finger swipes or pinches, ensuring reliable, real-time responsiveness.
    • Cross-Device Integration: Personalized gestures seamlessly operating across augmented reality (“AR”)/virtual reality headsets, AR glasses, smartwatches, and other AI-powered devices, creating a unified interaction experience.
    • Context-Aware Interactions: As the  large language  model gets tailored to the specific user behavior and gesture samples, the system becomes more adaptive to users’ habits of performing a gesture.

    Positioning for Growth in High-Value Markets

    Wearable Devices is targeting rapidly growing markets, including AR, virtual reality (“VR”), smartwatches, and AI-driven wearables, where personalized input solutions are increasingly in demand. By developing user-specific, AI-adaptive control interfaces, the Company aims to:

    • Enhance usability and accessibility for consumers and enterprise applications.
    • Drive adoption of neural-based interfaces in the expanding AI and XR sectors.
    • Establish licensing and commercialization opportunities for its proprietary technology.

    Collaboration and Market Expansion

    With over a decade of R&D and a growing patent portfolio, Wearable Devices is inviting AI and XR industry leaders to explore collaboration and integration opportunities.

    For more information about Wearable Devices’ AI-powered gesture control solutions under development, visit www.wearabledevices.co.il

    About Wearable Devices Ltd.

    Wearable Devices Ltd. is a pioneering growth company revolutionizing human-computer interaction through its AI-powered neural input technology for both consumer and business markets. Leveraging proprietary sensors, software, and advanced AI algorithms, the Company’s innovative products, including the Mudra Band for iOS and Mudra Link for Android, enable seamless, touch-free interaction by transforming subtle finger and wrist movements into intuitive controls. These groundbreaking solutions enhance gaming, and the rapidly expanding AR/VR/XR landscapes. The Company offers a dual-channel business model: direct-to-consumer sales and enterprise licensing. Its flagship Mudra Band integrates functional and stylish design with cutting-edge AI to empower consumers, while its enterprise solutions provide businesses with the tools to deliver immersive and interactive experiences. By setting the input standard for the XR market, Wearable Devices is redefining user experiences and driving innovation in one of the fastest-growing tech sectors. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq under the symbols “WLDS” and “WLDSW,” respectively.

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we discuss our next-generation gesture personalization technology and the development of our AI-powered neural wristband technology for detection of user specific micro-gestures, expected to enable a future of personalized controls tailored to individual users; our expectations that such technology will reshape human-device interactions, open new commercial and licensing opportunities in the fast-growing XR, smartwatch, and AI-driven device markets; the benefits and advantages of our technology compared to other solutions and technologies currently available; and our goal to enhance accessibility, usability, and engagement in AI-driven environments, drive adoption of neural-based interfaces in the expanding AI and XR sectors and establish licensing and commercialization opportunities for its proprietary technology. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2023, filed on March 15, 2024 and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations Contact

    Michal Efraty

    IR@wearabledevices.co.il

    The MIL Network –

  • MIL-OSI: Varonis Announces Varonis for Agentforce to Enable Safe AI Rollouts

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, March 05, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS) today announced Varonis for Agentforce. The launch expands Varonis’ security offering by giving IT and security teams critical visibility into the agentic AI layer.

    Agentforce is the agentic layer of the Salesforce platform for deploying autonomous AI agents across any business function. Agentforce includes a set of tools to create and customize agents, as well as a library of pre-built skills for any use case across sales, service, marketing and commerce, MuleSoft, Tableau, Slack, partners and more.

    Organizations use Agentforce to build and deploy AI agents that connect to enterprise data and automate a wide range of business processes at scale. With Varonis for Agentforce, organizations can get a single pane of glass for all AI agents, including what they were built for and what actions they can perform. Teams can monitor connections to enterprise data sources to identify potential security risks.

    Varonis for Agentforce builds on Varonis’ Salesforce security solutions, which allow companies to understand their risk, automatically fix exposures, and stop attacks on their CRM. By securing critical data and resources, Varonis gives IT and security teams a clear, real-time view of agents and activities in one place.

    “Agentic AI will revolutionize routine work but introduces new security challenges that can expose sensitive data,” said Varonis EVP of Engineering and Chief Technology Officer David Bass. “Security starts with understanding the AI agents you have, knowing what data your AI robots can access, and monitoring changes over time for risk. With the launch of Varonis for Agentforce, we’re continuing to expand our holistic security approach for Salesforce — and across SaaS and IaaS — with one unified Data Security Platform.”

    Organizations can request a complimentary Varonis Data Risk Assessment to evaluate their Salesforce security posture.

    Varonis for Agentforce is available on Salesforce’s AppExchange.

    Additional Resources

    Salesforce, Agentforce and others are among the trademarks of Salesforce, Inc.

    About Varonis
    Varonis (Nasdaq: VRNS) is the leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

    Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), AI security, and insider risk management.

    Varonis protects data first, not last. Learn more at www.varonis.com.

    Investor Relations Contact:
    Tim Perz
    Varonis Systems, Inc.
    646-640-2112
    investors@varonis.com 
    News Media Contact:
    Rachel Hunt
    Varonis Systems, Inc.
    877-292-8767 (ext. 1598)
    pr@varonis.com

    The MIL Network –

  • MIL-OSI United Kingdom: Co-op re-writes anti-competitive land agreements

    Source: United Kingdom – Executive Government & Departments

    Press release

    Co-op re-writes anti-competitive land agreements

    Grocery retailer addresses over 100 land agreements which restrict rivals opening nearby.

    iStock

    Co-operative Group Limited (Co-op) has admitted to 107 breaches of an Order put in place to protect competition and stop the use of unlawful anti-competitive land agreements in grocery retailing.

    The Competition and Markets Authority (CMA) found that the supermarket chain, which owns almost 2,400 stores across the UK and holds a 5.2 per cent market share in the UK’s £190.9bn supermarket industry, breached the Groceries Market Investigation (Controlled Land) Order 2010.The Order was introduced to stop supermarkets imposing restrictions that block rivals from opening competing stores nearby. By ensuring supermarkets compete freely, the CMA is ensuring that shoppers have more choice and so benefit from a wider range of groceries and access to cheaper prices.

    The CMA was concerned that this substantial number of breaches demonstrates a significant failure of compliance for a business of Co-op’s size. Having already addressed 104 agreements, Co-op has also agreed to resolve the remaining 3.

    Daniel Turnbull, Senior Director of Markets at the CMA said:

    Restrictive agreements by our leading retailers affect competition between supermarkets and impact shoppers trying to get the best deals.

    We know that Co-op has made a considerable effort to amend all their unlawful agreements, given this Order has been in place since 2010. Co-op and the other designated retailers must make sure they do the right thing by their customers in the future.

    Today’s action is part of a targeted programme of activity by the CMA to enforce the Order’s rules on land agreements, and thereby protect competition between businesses, helping to keep prices down for supermarket customers. This includes action on similar breaches of the same rules by Tesco in 2020 (23 breaches); Waitrose in 2022 (7 breaches); Sainsbury’s (18 breaches); Asda (14 breaches) in 2023; Morrisons (55 breaches); and Marks and Spencer (10 breaches) in 2023.

    The CMA’s wider work in the groceries sector includes an investigation of loyalty pricing and a market study into the infant formula and follow-on formula market which concluded with recommendations.

    Notes to editors:

    1. For more information about the limits on large grocery retailers’ ability to prevent land being used by their competitors for grocery retailing in the future, please read: Groceries Market Investigation (Controlled Land) Order 2010 and the CMA’s guidance on Land Agreements.
    2. The Order came into force in 2010 and banned new restrictive covenants which prohibit land being used for a supermarket.
    3. The Order also banned Exclusivity Arrangements (which prevent landlords from allowing stores to compete with an existing supermarket) which were over 5 years long.
    4. There are seven designated large grocery retailers that the Order currently applies to: Tesco plc; J Sainsbury plc; Wm Morrison Supermarkets Limited; Asda Stores plc; Co-operative Group Limited; Waitrose Limited; and Marks and Spencer plc.
    5. The CMA’s letter sent to Co-op is publicly available and sets out the CMA’s response to its respective reported breaches.
    6. The Digital Markets, Competition and Consumers Act 2024 enhanced the CMA’s power to ensure compliance with its remedies, by empowering it to impose financial penalties for breaches of its remedy requirements. These enhanced powers apply to breaches of remedies put in place after the commencement of the new powers on 1 January 2025. As the Order was put in place in 2010, before the commencement of the new powers, the CMA does not have the power to fine those who breach the Order.
    7. For media enquiries contact the CMA press office on 0203 738 6460 or press@cma.gov.uk.

    Updates to this page

    Published 5 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Byrna Technologies Announces Preliminary Fiscal First Quarter 2025 Record Revenue of $26.2 Million

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., March 05, 2025 (GLOBE NEWSWIRE) — Byrna Technologies Inc. (“Byrna” or the “Company”) (Nasdaq: BYRN), a technology company, specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions, today announced select preliminary financial results for the fiscal first quarter ended February 28, 2025.

    Preliminary First Quarter Results
    Based on preliminary unaudited results, the Company expects total revenue for the fiscal first quarter of 2025 to be $26.2 million, representing a 57% increase compared to $16.7 million in the fiscal first quarter of 2024. The significant year-over-year growth in first quarter revenue is primarily attributable to the continued success of Byrna’s marketing strategies and increased production levels at Byrna’s Fort Wayne, Indiana factory.

    As a result, Byrna’s e-commerce channels were up $6.7 million over last year, representing 74% of Byrna’s total sales for the quarter. To meet heightened demand and support its growth initiatives for 2025, Byrna produced a record 68,916 launchers in the first quarter, a 26% increase from the fourth quarter of 2024 and a 219% increase year-over-year. Dealer sales also experienced strong growth, rising $1.9 million year-over-year.

    Management Commentary
    “We are gratified to see the growth in Q1, as this is the first year-over-year quarterly comparison where we were comparing our performance against a prior year quarter where we had implemented our celebrity endorsement strategy,” said Byrna CEO Bryan Ganz. “Historically, Q1 has been our slowest quarter, yet sales decreased only 6% sequentially from what is our seasonally strongest quarter of the fiscal year. This success is a testament to the growing brand awareness that we have built since pivoting our marketing strategy in 2023.

    “To support our ambitious growth targets, we produced a record 68,916 launchers in the quarter. With new celebrity influencers including Megyn Kelly, Lara Trump, and Donald Trump Jr., an expanding retail store presence, the kickoff of our store-within-a-store partnership with Sportsman’s Warehouse, and the launch of the Compact Launcher, we are well-positioned to continue our strong growth trajectory throughout 2025.”

    Preliminary Fiscal First Quarter 2025 Sales Breakdown:      
    Sales Channel ($ in millions) Q1 2025 Q1 2024 % Change
    Web 19.4  12.7  53 %
    Byrna Dedicated Dealers 4.4  2.5  76 %
    Law Enforcement / Schools / Pvt Security 0.0  0.0  0 %
    Retail Stores 0.3  0.2  53 %
    International 2.0  1.3  56 %
    Total Sales 26.2  16.7  57 %


    Tariff Exposure Update
    Byrna remains well-positioned to navigate evolving trade policies with minimal impact on its cost structure. As previously stated, Byrna sources no critical components from Mexico or Canada, and its limited exposure to China is mitigated by a dual-sourcing strategy. The Company is on track to move most, if not all of the current supply chain to the United States in 2025, reinforcing its commitment to domestic manufacturing. Additionally, higher tariffs on Chinese goods could benefit Byrna by raising costs for competitors that rely on China for production.

    Conference Call
    Byrna plans to report its full financial results for the fiscal first quarter in April, which will be accompanied by a conference call to discuss the results and address questions from investors and analysts. The conference call details will be announced prior to the event.

    About Byrna Technologies Inc.
    Byrna is a technology company specializing in the development, manufacture, and sale of innovative non-lethal personal security solutions. For more information on the Company, please visit the corporate website here or the Company’s investor relations site here. The Company is the manufacturer of the Byrna® SD personal security device, a state-of-the-art handheld CO2 powered launcher designed to provide a non-lethal alternative to a firearm for the consumer, private security, and law enforcement markets. To purchase Byrna products, visit the Company’s e-commerce store.

    Forward-Looking Statements
    This news release contains “forward-looking statements” within the meaning of the securities laws. All statements contained in this news release, other than statements of current and historical fact, are forward-looking. Often, but not always, forward-looking statements can be identified by the use of words such as “plans,” “expects,” “intends,” “anticipates,” and “believes” and statements that certain actions, events or results “may,” “could,” “would,” “should,” “might,” “occur,” “be achieved,” or “will be taken.” Forward-looking statements include descriptions of currently occurring matters which may continue in the future. Forward-looking statements in this news release include, but are not limited to, our statements related to preliminary revenue results for the first fiscal quarter 2025, the timing of the release of full financial results for the quarter, expectations for future sales growth and demand trends, the impact of marketing strategies, the anticipated performance of new products and retail store expansion, and the Company’s ability to sustain momentum throughout 2025.Forward-looking statements are not, and cannot be, a guarantee of future results or events. Forward-looking statements are based on, among other things, opinions, assumptions, estimates, and analyses that, while considered reasonable by the Company at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies, and other factors that may cause actual results and events to be materially different from those expressed or implied.

    Any number of risk factors could affect our actual results and cause them to differ materially from those expressed or implied by the forward-looking statements in this news release, including, but not limited to, disappointing market responses to current or future products or services; prolonged, new, or exacerbated disruption of the Company’s supply chain; the further or prolonged disruption of new product development; production or distribution or delays in entry or penetration of sales channels due to inventory constraints, competitive factors, increased shipping costs or freight interruptions; prototype, parts and material shortages, particularly of parts sourced from limited or sole source providers; determinations by third party controlled distribution channels not to carry or reduce inventory of the Company’s products; determinations by advertisers to prohibit marketing of some or all Byrna products; the loss of marketing partners or endorsers; potential cancellations of existing or future orders including as a result of any fulfillment delays, introduction of competing products, negative publicity, or other factors; product design defects or recalls; litigation, enforcement proceedings or other regulatory or legal developments; changes in consumer or political sentiment affecting product demand; regulatory factors including the impact of commerce and trade laws and regulations; import-export related matters or tariffs, sanctions or embargos that could affect the Company’s supply chain or markets; delays in planned operations related to licensing, registration or permit requirements; and future restrictions on the Company’s cash resources, increased costs and other events that could potentially reduce demand for the Company’s products or result in order cancellations. The order in which these factors appear should not be construed to indicate their relative importance or priority. We caution that these factors may not be exhaustive; accordingly, any forward-looking statements contained herein should not be relied upon as a prediction of actual results. Investors should carefully consider these and other relevant factors, including those risk factors in Part I, Item 1A, (“Risk Factors”) in the Company’s most recent Form 10-K, should understand it is impossible to predict or identify all such factors or risks, should not consider the foregoing list, or the risks identified in the Company’s SEC filings, to be a complete discussion of all potential risks or uncertainties, and should not place undue reliance on forward-looking information. The Company assumes no obligation to update or revise any forward-looking information, except as required by applicable law.

    Investor Contact:
    Tom Colton and Alec Wilson
    Gateway Group, Inc.
    949-574-3860
    BYRN@gateway-grp.com

    The MIL Network –

  • MIL-OSI: Asphalt Ridge Option Period to Acquire Remaining 17.75% Working Interest Extended to April 10, 2025 and non-binding Letter of Intent to acquire Novacor oil and gas assets extended to March 15, 2025.

    Source: GlobeNewswire (MIL-OSI)

    Bakersfield, CA, March 05, 2025 (GLOBE NEWSWIRE) — Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, today provided updates on its Asphalt Ridge Project in Uintah County, Utah, and its intent to acquire a 100% working interest in certain petroleum and natural gas properties held by Novacor Exploration Ltd. which are located in the prolific Lloydminster, Saskatchewan heavy oil region.

    Asphalt Ridge Project

    TPET announced on January 5, 2024, that it had secured an option (the “Option”) to acquire a 20% interest in a sweet (i.e., low sulfur content), heavy-oil and tar-sand development project at Asphalt Ridge, located near the town of Vernal in Uintah County, northeastern Utah. We announced on June 11, 2024, the successful drilling and completion of the first two exploratory wells at the project, the HSO 2-4 and HSO 8-4 and that the wells encountered substantial oil-bearing pay zones in the Rimrock and Asphalt Ridge tar-sands (over 190’of oil-pay in HSO 2-4 and over 100’ of oil-pay in HSO 8-4).

    TPET currently owns a 2.25% working interest in 960 acres at Asphalt Ridge, and under the Option may acquire up to an additional 17.75% working interest in the same 960 acres and also a 20% interest in an adjacent 1,920 acres, and also has a right of first refusal to participate in an additional approximate 30,000 acres of the greater Asphalt Ridge Project on terms offered to other third parties. TPET has secured an Option extension and now has until April 10, 2025, to exercise its right to acquire the remaining 17.75% interest in the initial 960 acres. 

    The Asphalt Ridge Project is known to be one of the largest heavy-oil and tar-sand deposits in North America outside of Canada, making it a potential giant oilfield, and is unique given its low wax and negligible sulfur content, which is expected to make the oil very desirable for many industries, including shipping. A typical project well has an estimated ultimate recovery (“EUR”) of 300,000 barrels of oil with an initial production rate of approximately 40 barrels of oil per day.

    Novacor Exploration Ltd Oil and Gas Assets

    TPET announced on December 19, 2024, that it had entered into a non-binding Letter of Intent (“LOI”) for the acquisition of a 100% working interest in certain petroleum and natural gas properties held by Novacor Exploration Ltd. (“Novacor”), which are located in the prolific Lloydminster, Saskatchewan heavy oil region (the “Acquisition”). “The Lloydminster area has seen noteworthy activity from top produces both large and small as the areas thermal and heavy oil projects are key operational focuses for public companies from Cenovus and Strathcona to Lycos Energy, along with a healthy pool of private companies. Unlike other more costly plays in Canada, Lloydminster “per well” costs are not prohibitive for many small producers as the wells are generally shallow, with an average true vertical depth of just under 1830 feet.” (BOE Report February 27, 2024). In the event that Trio consummates the Acquisition, it believes that it could strategically position itself to expand its operations into one of North America’s most promising heavy oil basins, with upside potential for long term production and reserve growth. Since the Novacor assets are in the heavy oil area, they offer economical development. Market accessibility combined with a favorable regulatory process makes this area very attractive for continued and future development within these lands.

    There are currently seven producing wells located on the two properties. The wells produce heavy crude oil from the McLaren/Sparky and Lloydminster formation(s). Novacor is the operator of these cash flow positive wells. Current production is approximately 70 barrels per day with potential for 4 additional re-entry wells and two fully equipped locations to be reactivated each capable of an additional 70 barrels in total per day. Trio and Novacor mutually agreed to extend the execution of definitive acquisition documents to March 15, 2025. Trio plans to negotiate an additional extension if documents are not completed and executed by that date.

    About Trio Petroleum Corp

    Trio Petroleum Corp is an oil and gas exploration and development company headquartered in Bakersfield, California, with operations in Monterey County, California, and Uintah County, Utah. In Monterey County, Trio owns a 85.75% working interest in 9,245 acres at the Presidents and Humpback oilfields in the South Salinas Project, and a 21.92% working interest in 800 acres in the McCool Ranch Field. In Uintah County, Trio owns a 2.25% working interest in 960 acres and options to acquire up to an additional 17.75% working interest in the 960 acres, and also a 20% working interest in an adjacent 1,920 acres, and a right of first refusal to participate in up to a 20% working interest in an additional approximate 30,000 acres of the Asphalt Ridge Project with other third parties.

    Cautionary Statement Regarding Forward-Looking Statements

    All statements in this press release of Trio Petroleum Corp (“Trio”) and its representatives and partners that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, when used in the preceding discussion, the words “estimates,” “believes,” “hopes,” “expects,” “intends,” “on-track”, “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the Trio’s control, that could cause actual results to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Trio’s S-1 filed with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC’s website, www.sec.gov. Trio undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Investor Relations Contact:
    Redwood Empire Financial Communications
    Michael Bayes
    (404) 809 4172
    michael@redwoodefc.com

    The MIL Network –

  • MIL-OSI: Open Lending to Announce Fourth Quarter and Full Year 2024 Results on March 17, 2025

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, March 05, 2025 (GLOBE NEWSWIRE) — Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that the Company plans to host a conference call to discuss fourth quarter and full year 2024 financial results on Monday, March 17, 2025, at 5:00 PM ET. A press release with fourth quarter and full year 2024 financial results will be issued after the market closes that same day.

    The conference call will be webcast live from the Company’s investor relations website at https://investors.openlending.com/ under the “Events” section. The conference call can also be accessed live over the phone by dialing (877) 407-4018, or for international callers (201) 689-8471. An archive of the webcast will be available at the same location on the website shortly after the call has concluded.

    About Open Lending

    Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders throughout the United States. For over 20 years, we have been empowering financial institutions to create profitable auto loan portfolios with less risk and more reward. For more information, please visit www.openlending.com.

    Contact information:

    Investor Relations Inquiries:
    InvestorRelations@openlending.com

    Source: Open Lending Corporation

    The MIL Network –

  • MIL-OSI: Arq to Participate in Water Tower Research Fireside Chat Series on March 10, 2025

    Source: GlobeNewswire (MIL-OSI)

    GREENWOOD VILLAGE, Colo., March 05, 2025 (GLOBE NEWSWIRE) — GlobeNewswire – Arq, Inc. (NASDAQ: ARQ) (the “Company” or “Arq”), a producer of activated carbon and other environmentally efficient carbon products for use in purification and sustainable materials, today announced today announced that Bob Rasmus, CEO of Arq, will participate in the Water Tower Research (“WTR”) Fireside Chat Series on Monday, March 10, 2025 at 11:00 AM Eastern Standard Time.

    This event is open access for all investors to participate. Interested parties can register for the event at the following link, https://us06web.zoom.us/webinar/register/1817411013874/WN_XaMXZ4_FSL6WxOD8B2U6mA#/registration.

    The event will also be available through the Events and Presentation section of Arq’s investor relations website at https://ir.arq.com/events-and-presentations. A replay of the webcast will also be available at this website after the event.

    About Arq

    Arq (NASDAQ: ARQ) is a diversified, environmental technology company with products that enable a cleaner and safer planet while actively reducing our environmental impact. As the only vertically integrated producer of activated carbon products in North America, we deliver a reliable domestic supply of innovative, hard-to-source, high-demand products. We apply our extensive expertise to develop groundbreaking solutions to remove harmful chemicals and pollutants from water, land and air. Learn more at: www.arq.com.

    Source: Arq, Inc.

    Investor Contact:

    Anthony Nathan, Arq
    Marc Silverberg, ICR
    investors@arq.com

    The MIL Network –

  • MIL-OSI: CERo Therapeutics Holdings, Inc. to Present Data at the Society for Immunotherapy of Cancer Spring Scientific March 12-14

    Source: GlobeNewswire (MIL-OSI)

    New poster to highlight preclinical data of CER-1236 in ovarian cancer

    SOUTH SAN FRANSCISCO, Calif., March 05, 2025 (GLOBE NEWSWIRE) — CERo Therapeutics Holdings, Inc., (Nasdaq: CERO) (“CERo” or the “Company”) an innovative immunotherapy company seeking to advance the next generation of engineered T cell therapeutics that employ phagocytic mechanisms, announces it will be presenting preclinical results of lead compound CER-1236 in ovarian cancer during the Spring Scientific from the Society for Immunotherapy of Cancer (SITC) in San Diego, March 12-14.

    The poster, titled, “TIM-4-L Expression on Ovarian Cancer Samples can be Targeted by Engineered Chimeric Engulfment Receptor T cells without Toxicity,” will be presented March 13, 2025.  The Company will announce the data concurrently with the presentation at the conference by making the poster available on its website at 9:00AM ET on March 13, 2025.

    Chris Ehrlich, CERo CEO commented, “As we progress toward launching our Phase 1 trial in AML, we continue to present additional data in ovarian cancer along with the substantial data we’ve already presented in Non-Small Cell Lung Cancer (NSCLC). We have significant data in multiple liquid and solid tumors for CER-1236 demonstrating tremendous potential across many cancer types. Moreover, we will not only be testing CER-1236 shortly in AML but anticipate doing so as well in ovarian cancer and non-small cell lung cancer in 2025. We are grateful for the opportunity to share these outcomes and discuss them with the scientific community, look forward to sharing the data concurrently with the meeting, and to providing progress updates on our AML program in the near term.”

    About CERo Therapeutics Holdings, Inc.

    CERo is an innovative immunotherapy company advancing the development of next generation engineered T cell therapeutics for the treatment of cancer. Its proprietary approach to T cell engineering, which enables it to integrate certain desirable characteristics of both innate and adaptive immunity into a single therapeutic construct, is designed to engage the body’s full immune repertoire to achieve optimized cancer therapy. This novel cellular immunotherapy platform is expected to redirect patient-derived T cells to eliminate tumors by building in engulfment pathways that employ phagocytic mechanisms to destroy cancer cells, creating what CERo refers to as Chimeric Engulfment Receptor T cells (“CER-T”). CERo believes the differentiated activity of CER-T cells will afford them greater therapeutic application than currently approved chimeric antigen receptor (“CAR-T”) cell therapy, as the use of CER-T may potentially span both hematological malignancies and solid tumors. CERo anticipates initiating clinical trials for its lead product candidate, CER-1236, in 2024 for hematological malignancies.

    Forward-Looking Statements

    This communication contains statements that are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding the financial position, business strategy and the plans and objectives of management for future operations of CERo the timing and completion of the reverse stock split, and the acceptance and implementation of its proposed plan of compliance with Nasdaq continued listing standards. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this communication, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. When CERo discusses its strategies or plans, it is making projections, forecasts or forward-looking statements. Such statements are based on the beliefs of, as well as assumptions made by and information currently available to, CERo’s management.

    Actual results could differ from those implied by the forward-looking statements in this communication. Certain risks that could cause actual results to differ are set forth in CERo’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, filed on April 2, 2024, and the documents incorporated by reference therein. The risks described in CERo’s filings with the Securities and Exchange Commission are not exhaustive. New risk factors emerge from time to time, and it is not possible to predict all such risk factors, nor can CERo assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements made by CERo or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. CERo undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Contact:
    Chris Ehrlich
    Chief Executive Officer
    chris@cero.bio

    Investors:
    CORE IR
    investors@cero.bio

    The MIL Network –

  • MIL-OSI Economics: Phillips 66 Issues Letter to Shareholders

    Source: Phillips

    Confirms Elliott Investment Management’s Nomination of Director Candidates

    HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE:PSX) (the “Company”) today issued the following letter to its shareholders. The Company values shareholder feedback and is fully committed to continuing open engagement with all shareholders. This has been consistently demonstrated and expressed over the course of nearly two dozen meetings with Elliott Investment Management (“Elliott”) since October 2023, including the most recent meeting on March 3, 2025.
    The Company also confirmed Elliott has nominated seven directors for election to Phillips 66’s Board of Directors (the “Board”) at the Company’s 2025 Annual Meeting. As the Company disclosed on February 19, the Board will present its recommendation regarding the director nominations with its definitive proxy statement to be filed with the U.S. Securities and Exchange Commission and made available to all shareholders eligible to vote at the 2025 Annual Meeting.
    Following the proper procedures and in accordance with the Company’s By-Laws, the Board intends to put forward another management proposal to declassify the Board at our 2025 Annual Meeting and notes that it has done so five times since its 2015 Annual Meeting.
    Fellow Shareholders:
    At Phillips 66, we are committed to maximizing value for our shareholders through operational excellence and disciplined capital allocation.
    We have a strong track record since our formation in 2012. We have built out a large-scale, competitive, high return Midstream platform, enhanced our chemicals position through Chevron Phillips Chemical Company (CPChem) and have made sustainable improvement to refining operations. These actions have positioned Phillips 66 as the leading energy business it is today.
    Moreover, these actions have delivered substantial value for our shareholders. This includes total shareholder returns of 474%1 and returning $43 billion to shareholders through dividends and share repurchases. Most importantly, we have done all this while sustaining industry-leading safety performance.
    We Have Made Significant Progress on our Strategic Priorities
    Phillips 66 has taken substantial action to deliver on our objectives that we laid out in 2022, and further enhanced in 2023. Our actions have led to significant progress and achievements, enhancing shareholder returns and operational efficiency. We are a business that will always act decisively when we can realize sustainable long-term growth to the benefit of our shareholders and all stakeholders.
    Delivering strong total shareholder returns of 65%2since Mark Lashier became President and CEO of Phillips 66 on July 1, 2022, significantly outperforming the S&P 500 Energy Index (33%2) and our proxy peer group median (22%2)
    Returning significant capital to shareholders with $13.6 billion in share repurchases and dividends from July 2022 through year-end 2024, exceeding our shareholder distribution target
    Reducing refining costs by $1 per barrelsince 2022 and committing to continued improvement
    Maximizing value from our wellhead-to-market strategyby capturing $500 million of run rate synergies from our DCP Midstream acquisition (above our initial target of $300 million) and increasing our Midstream segment’s adjusted EBITDA by $1.5 billion since 2022
    Maintaining our financial resiliencewith strong investment grade credit ratings (A3 / BBB+), engaging in a business optimization that has resulted in over $3 billion in non-core asset divestitures to date and capturing significant cost reductions since 2022 totaling $1.2 billion on a run-rate basis
    Earning industry recognition for our exemplary safety performancein Midstream, Refining and Chemicals in 2022 and 2023
    We Continue to Strengthen Our Business and Our Board
    Below is an update on a number of our key strategic objectives and the actions underway:
    Optimizing Our Business We have demonstrated a commitment to evolving the business over time. We continue to high-grade our assets and capitalize on our growth platform to generate strong returns and significant free cash flow. We have simplified our business with over $3 billion in divestitures in the past year and returned over $5 billion to shareholders through a combination of share repurchases and dividends. We anticipate that our integrated NGL value chain growth strategy will be significantly strengthened with the pending EPIC acquisition.
    Maintaining a Culture of Continuous Improvement, Operational Excellence and Cost Discipline Our culture of continuous improvement demands, and will continue to demand, that we consistently and rigorously evaluate opportunities to optimize our cost structure and operational efficiency to maximize value for shareholders. While we have successfully reduced refining costs per barrel since 2022, as noted above, we recognize that we have more work to do in operations and costs. We are prioritizing our most competitive refineries and continuing to identify and execute cost-savings opportunities. Recently, we announced that we would cease operations at our Los Angeles Refinery in the fourth quarter of 2025, which will allow us to further high-grade our business. We continue to evaluate additional opportunities for efficiency enhancements.
    Returning Cash to Our Shareholders As previously outlined, our 2025–2027 strategic targets include returning over 50% of net operating cash flow to shareholders while driving strong operational performance, implementing further cost reductions and continuing our focus on disciplined capital allocation.
    Ensuring Strong Corporate Governance and Board Oversight We recognize the importance of strong corporate governance and have taken proactive steps to ensure that our Board remains aligned with shareholder interests and is best positioned to oversee the Company’s strategy. Over the past four years, we have welcomed five new independent directors to the Board, including two in 2024. Bob Pease, a director we identified in partnership with Elliott Investment Management (“Elliott”), brings extensive experience in refining and the energy industry broadly. Grace Puma, our most recent addition to the Board, brings strong supply chain experience. Additionally, as we have many times before in 2015, 2016, 2018, 2021 and 2023, we will be seeking shareholder approval of a management proposal to declassify the Board at our 2025 Annual Meeting. Our Board is committed to an evolution that will be responsive to shareholders and beneficial to the business for the long-term.
    We are Listening to Our Shareholders
    We regularly engage with our shareholders through our cross-functional shareholder engagement program to obtain feedback and respond to investor input. In 2024, we engaged with shareholders representing over 60% of our outstanding shares and we will continue to build on that momentum in 2025. It was in this spirit that we first engaged with Elliott in October 2023, to hear their ideas and work together collaboratively. Constructive discussions led to the realization of a common focus on our ambitious goals to maximize shareholder value. We continued constructive dialogue with Elliott throughout 2024, including adding Bob Pease to our Board in February 2024 with Elliott’s support.
    Despite several attempts to reach agreement on adding another director to Phillips 66’s Board, Elliott has chosen to forego constructive dialogue with us and launch their activist playbook. This included a series of attacks and proposals regarding the monetization of certain business units and, for the first time in our discussions, floating the idea of a separation.
    Nevertheless, we remain fully committed to constructive engagement and finding a path forward with Elliott that will benefit all shareholders.
    On Monday, March 3, our team travelled to New York and met with Elliott to express our continued commitment to finding a constructive path forward and offering to interview their director nominees. The meeting ended with Elliott representatives stating there were no immediate next steps. The next day, Elliott leaked their slate of director nominees to the media, issued a press release and filed a preliminary proxy statement. Our leadership team and Board stand ready to engage constructively when Elliott is ready despite these actions, which showed no genuine interest in engagement with Phillips 66.
    The Board continuously and aggressively evaluates the portfolio and other alternatives with a view to maximizing long-term shareholder value – and is willing to take decisive action to achieve this goal. As always, we seriously and comprehensively review shareholder feedback with a focus on creating long-term value.
    The Bottom Line
    Phillips 66 is dedicated to transparency, accountability, and sustainable value creation for shareholders.
    We have made substantial progress and realize there is more work to be done. We will continue to pursue opportunities that strengthen our position to the benefit of our shareholders. We look forward to your input and to provide further updates on our progress.
    Sincerely,
    Mark E. Lashier Chairman and Chief Executive Officer
    Glenn F. Tilton Lead Independent Director

    1 Total Shareholder Return (“TSR”) from May 1, 2012 to March 4, 2025.

    2 Total Shareholder Return (“TSR”) from June 30, 2022 to March 4, 2025.

    About Phillips 66
    Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.
    Forward-Looking Statements
    This document contains forward-looking statements within the meaning of the federal securities laws relating to Phillips 66’s operations, strategy and performance. Words such as “anticipated,” “commitments,” “estimated,” “expected,” “planned,” “scheduled,” “targeted,” “believe,” “continue,” “intend,” “will,” “would,” “objective,” “goal,” “project,” “efforts,” “strategies” and similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements included in this news release are based on management’s expectations, estimates and projections as of the date they are made. These statements are not guarantees of future events or performance, and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include: changes in governmental policies or laws that relate to our operations, including regulations that seek to limit or restrict refining, marketing and midstream operations or regulate profits, pricing, or taxation of our products or feedstocks, or other regulations that restrict feedstock imports or product exports; our ability to timely obtain or maintain permits necessary for projects; fluctuations in NGL, crude oil, refined petroleum, renewable fuels and natural gas prices, and refining, marketing and petrochemical margins; the effects of any widespread public health crisis and its negative impact on commercial activity and demand for refined petroleum or renewable fuels products; changes to worldwide government policies relating to renewable fuels and greenhouse gas emissions that adversely affect programs including the renewable fuel standards program, low carbon fuel standards and tax credits for renewable fuels; potential liability from pending or future litigation; liability for remedial actions, including removal and reclamation obligations under existing or future environmental regulations; unexpected changes in costs for constructing, modifying or operating our facilities; our ability to successfully complete, or any material delay in the completion of, any asset disposition, acquisition, shutdown or conversion that we have announced or may pursue, including receipt of any necessary regulatory approvals or permits related thereto; unexpected difficulties in manufacturing, refining or transporting our products; the level and success of drilling and production volumes around our midstream assets; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products, renewable fuels or specialty products; lack of, or disruptions in, adequate and reliable transportation for our products; failure to complete construction of capital projects on time or within budget; our ability to comply with governmental regulations or make capital expenditures to maintain compliance with laws; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets, which may also impact our ability to repurchase shares and declare and pay dividends; potential disruption of our operations due to accidents, weather events, including as a result of climate change, acts of terrorism or cyberattacks; general domestic and international economic and political developments, including armed hostilities (such as the Russia-Ukraine war), expropriation of assets, and other diplomatic developments; international monetary conditions and exchange controls; changes in estimates or projections used to assess fair value of intangible assets, goodwill and property and equipment and/or strategic decisions with respect to our asset portfolio that cause impairment charges; investments required, or reduced demand for products, as a result of environmental rules and regulations; changes in tax, environmental and other laws and regulations (including alternative energy mandates); political and societal concerns about climate change that could result in changes to our business or increase expenditures, including litigation-related expenses; the operation, financing and distribution decisions of equity affiliates we do not control; and other economic, business, competitive and/or regulatory factors affecting Phillips 66’s businesses generally as set forth in our filings with the Securities and Exchange Commission. Phillips 66 is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
    Additional Information
    Phillips 66 plans to file a proxy statement and accompanying WHITE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and its solicitation of proxies for Phillips 66’s director nominees and for other matters to be voted on. Phillips 66 may also file other relevant documents with the SEC regarding its solicitation of proxies for the 2025 Annual Meeting. PHILLIPS 66 SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD AND ANY OTHER RELEVANT SOLICITATION MATERIALS WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of the proxy statement, any amendments or supplements to the proxy statement and other documents (including the WHITE proxy card) as and when filed by Phillips 66 with the SEC without charge from the SEC’s website at www.sec.gov. Copies of the documents filed by Phillips 66 with the SEC also may be obtained free of charge at Phillips 66’s investor relations website at https://investor.phillips66.com or upon written request sent to Phillips 66, 2331 CityWest Boulevard, Houston, TX 77042, Attention: Investor Relations.
    Certain Information Regarding Participants
    Phillips 66, its directors, certain of its executive officers and employees may be deemed to be participants in connection with the solicitation of proxies from Phillips 66 shareholders in connection with the matters to be considered at the 2025 Annual Meeting. Information regarding the names of such directors and executive officers and their respective interests in Phillips 66, by securities holdings or otherwise, is available in Phillips 66’s proxy statement for the 2024 annual meeting of shareholders, which was filed with the SEC on April 3, 2024 (the “2024 Proxy Statement”), including in the sections captioned “Executive Compensation Program Overview,” “Director Compensation,” “Compensation Discussion and Analysis,” “Executive Compensation Tables” and “Beneficial Ownership of Phillips 66 Securities.” To the extent that Phillips 66’s directors and executive officers have acquired or disposed of securities holdings since the applicable “as of” date disclosed in the 2024 Proxy Statement, such transactions have been or will be reflected on Statements of Changes in Ownership of Securities on Form 4 or Initial Statements of Beneficial Ownership of Securities on Form 3 filed with the SEC, including: Form 4s filed by Gregory Hayes on April 2, 2024, May 2, 2024, June 4, 2024, July 2, 2024, August 2, 2024, September 4, 2024, October 2, 2024, November 4, 2024, December 4, 2024, January 3, 2025, January 17, 2025, February 4, 2025 and March 4, 2025 ; Form 4s filed by Richard G. Harbison on December 9, 2024, February 11, 2025 and February 13, 2025 ; Form 4s filed by Mark E. Lashier on April 2, 2024, May 16, 2024, December 9, 2024, February 11, 2025 and February 13, 2025 ; Form 4 filed by Glenn F. Tilton on January 17, 2025 ; Form 4s filed by Brian Mandell on December 9, 2024, February 11, 2025 and February 13, 2025 ; Form 4s filed by Kevin J. Mitchell on August 19, 2024, December 9, 2024, February 11, 2025 and February 13, 2025 ; Form 4s filed by Zhanna Golodryga on December 9, 2024, February 11, 2025 and February 13, 2025 ; Form 4 filed by Marna C. Whittington on January 17, 2025 ; Form 4s filed by Vanessa A. Sutherland on January 21, 2025, February 11, 2025 and February 13, 2025 ; Form 4 filed by Douglas T. Terreson on January 17, 2025 ; Form 4 filed by Denise R. Singleton on January 17, 2025 ; Form 4 filed by Denise L. Ramos on January 17, 2025 ; Form 4 filed by Julie L. Bushman on January 17, 2025 ; Form 4 filed by Lisa A. Davis on January 17, 2025 ; Form 4 filed by John E. Lowe on January 17, 2025 ; Form 4/A filed by Gary K. Adams on March 20, 2024 and Form 4 filed by Gary K. Adams on January 17, 2025 ; Form 4 filed by Charles M. Holley on January 17, 2025 ; Form 4 filed by Robert W. Pease on January 17, 2025 ; Form 3 filed by Ann M. Kluppel on May 16, 2024 and Form 4s filed by Ann M. Kluppel on December 9, 2024, February 11, 2025 and February 13, 2025 ; Form 3 filed by Don Baldridge on June 5, 2024 and Form 4s filed by Don Baldridge on December 9, 2024, January 3, 2025, February 13, 2025 and March 3, 2025 ; Form 3 filed by Grace Puma on October 11, 2024 and Form 4s filed by Grace Puma on October 11, 2024 and January 17, 2025. Additional information can also be found in Phillips 66’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 21, 2024.

    Source: Phillips 66

    MIL OSI Economics –

  • MIL-OSI: Nvni Group to Participate in the 37th Annual ROTH Conference

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 05, 2025 (GLOBE NEWSWIRE) — Nvni Group Limited (Nasdaq: NVNI) (“Nuvini” or the “Company”), a leading acquirer of private SaaS B2B companies in Latin America, announced today that it will participate in the 37th Annual ROTH Conference being held Sunday, March 16th to Tuesday, March 18th at the Laguna Cliffs Marriott Resort in Dana Point, CA.

    Nuvini’s Chief Executive Officer Pierre Schurmann will be available to host one-on-one meetings with investors during the event. To schedule a meeting, please contact Investor Relations at NVNI@mzgroup.us or your ROTH representative.

    About Nuvini

    Headquartered in São Paulo, Brazil, Nuvini is the leading private serial software business acquirer in Latin America. The Nuvini Group acquires software companies within SaaS markets in Latin America. It focuses on acquiring profitable “business-to-business” SaaS companies with a consolidated business model, recurring revenue, positive cash generation and relevant growth potential. The Nuvini Group enables its acquired companies to provide mission-critical solutions to customers within its industry or sector. Its business philosophy is to invest in established companies and foster an entrepreneurial environment that would enable companies to become leaders in their respective industries. The Nuvini Group’s goal is to buy, retain and create value through long-term partnerships with the existing management of its acquired companies.

    Investor Relations Contact:

    Sofia Toledo
    ir@nuvini.co

    The MIL Network –

  • MIL-OSI: NextNRG, Inc. Announces Estimated 136% Year-over-Year Revenue Growth for January 2025

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, March 05, 2025 (GLOBE NEWSWIRE) — NextNRG, Inc. (“NextNRG” and the “Company”) (Nasdaq: NXXT), a pioneer in utilizing artificial intelligence and machine learning to redefine energy innovation with its cutting-edge utility operating system, smart microgrid solutions, wireless electric vehicle charging, and fuel delivery technologies, today announced record year-over-year (“YoY”) and sequential unaudited revenue growth for the month of January 2025 in its EzFill division. The tables below provide details regarding the YoY and month-over-month (“MoM”) comparisons.

     
      January 2025 – YoY Comparison
        January 2024   January 2025 Growth  
    Revenue $ 2,110,843 $ 4,992,090 136%  
    Gallons   546,292   1,438,824 163%  
       
      January 2025 – MoM Comparison
      December 2024 January 2025 Growth  
    Revenue $ 2,272,058 $ 4,992,090 120%  
    Gallons   620,578   1,438,824 132%  
                 

    NextNRG, Inc. Executive Chairman and CEO, Michael D. Farkas, commented, “This record-breaking month underscores the strength of our carefully designed growth strategy, which we are executing with discipline. We believe the acquisition of Shell Oil’s truck fleet, doubling our operational capacity, strategically positions us to maintain this momentum. January 2025 marked the initiation of fuel deliveries to the world’s leading e-commerce company under a substantial long-term agreement. Additionally, we are experiencing consistent revenue growth across our key markets and fleet accounts nationwide. With the recent financing and share exchange finalized, we believe we are well-equipped to advance the next stage of our strategic expansion.”

    About NextNRG, Inc.

    NextNRG Inc. (NextNRG) is Powering What’s Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging, and on-demand mobile fuel delivery to create an integrated ecosystem.

    At the core of NextNRG’s strategy is its Utility Operating System which leverages AI and ML to help make existing utilities’ energy management as efficient as possible; and the deployment of NextNRG Smart Microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs, and improve grid resiliency. These microgrids are designed to serve commercial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational facilities, and government properties, expanding energy accessibility while supporting decarbonization initiatives.

    NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility’s fuel division and Shell Oil’s trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV supporting more efficient fuel delivery while advancing clean energy adoption. The transition process is expected to include the deployment of NextNRG’s innovative wireless EV charging solutions.

    To find out more visit: www.nextnrg.com

    Forward-Looking Statements

    This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Any statement describing NextNRG’s goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as “expect,” “intends,” “will,” and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG’s business and macroeconomic and geopolitical events. These and other risks are described in NextNRG’s filings with the Securities and Exchange Commission from time to time. NextNRG’s forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG’s forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.

    Investor Relations Contact:

    NextNRG, Inc.
    Sharon Cohen
    SCohen@nextnrg.com

    The MIL Network –

  • MIL-OSI: Magnite’s CTV Supply Leadership Is Unmatched With 99% Market Coverage, Shows Latest Jounce Report

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 05, 2025 (GLOBE NEWSWIRE) — Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, leads the market with 99% of CTV supply coverage and 96% of overall omnichannel supply coverage, according to the latest Jounce Supply Benchmarking Report. Magnite’s comprehensive coverage in the CTV ecosystem maintains a more than 24% lead over the next company in the study.

    Magnite is the only sell-side advertising company that has direct relationships with leading media owners including Disney and Netflix, in addition to long-standing partnerships with publishers including Roku, Warner Bros. Discovery, and others. Magnite has preferred integrations with over 90% of its CTV supply partners, making it the most comprehensive place to access differentiated supply, unique first-party data, and content signals.

    “Magnite helps us make our advertising business more dynamic, more efficient, and more scalable — they’re a valuable partner,” said Miles Fisher, Senior Director, Strategic Advertising Partnerships at Roku. “Their advanced capabilities and programmatic expertise maximize the value of Roku’s premium inventory, while delivering better outcomes for buyers.”

    “Magnite’s unparalleled CTV footprint opens many doors beyond simply having greater access to inventory,” said Dan Fox, Global Chief Investment Officer at IPG Mediabrands. “As a result of Magnite’s direct relationships with media owners, we gain unique supply-side insights that can optimize targeting and improve performance. The transparency and control Magnite offers ensures we can execute high-quality campaigns with confidence, delivering better outcomes for our clients in an increasingly fragmented media landscape.”

    To better support media owners and buyers, Magnite offers:

    • The built-for-streaming TV ad server SpringServe, that helps media owners meet the challenge of managing high-quality ad experiences across the video landscape.
    • Leading audience and identity tools within Magnite Access, a suite of omnichannel audience products that make it easier for display, online video, and streaming media owners–and their advertising partners–to maximize the value of their data assets.
    • Flexible and efficient routes to video inventory via ClearLine, a self-service solution that provides agencies direct access to premium video inventory on Magnite’s platforms.
    • Award-winning and innovative technology, like Live Stream Acceleration and AI-driven wrapper automation, that solve complex challenges to yield significant benefits for both publishers and advertisers.

    “The results of the Jounce study represent the culmination of the years we’ve spent building deep, strategic relationships with media owners and developing the most advanced tools to drive their success,” said Sean Buckley, President, Revenue at Magnite. “We equip sellers with the technology they need to earn the full value of their inventory while providing turn-key ways for buyers to tap into quality supply. Our role helps both sides of the ecosystem thrive.”

    About Magnite

    We’re Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world’s leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.

    Media Contact:

    Charlstie Veith
    cveith@magnite.com

    Investor Relations Contact:

    Nick Kormeluk
    nkormeluk@magnite.com

    The MIL Network –