NewzIntel.com

Category: Finance

  • MIL-OSI USA: NCDHHS Investment to Strengthen the Direct Support Professionals Workforce

    Source: US State of North Carolina

    Headline: NCDHHS Investment to Strengthen the Direct Support Professionals Workforce

    NCDHHS Investment to Strengthen the Direct Support Professionals Workforce
    jwerner

    As part of its Direct Support Professional Workforce Plan, the North Carolina Department of Health and Human Services is announcing $3 million to recruit and retain direct support professionals. This workforce is critical in helping people with intellectual and developmental disabilities live, work and thrive in communities of their choice. They provide a wide range of supports from daily tasks like bathing, eating and taking medications to connecting people with community resources and opportunities.

    “Every person in North Carolina should have the support they need to thrive in their communities,” said NC Health and Human Services Secretary Dev Sangvai. “We must prioritize and invest in the workforce that is charged with caring for people. Not only to ensure individuals and families have the right care when and where they need it, but also for the long-term well being of our state.”

    As part of the investment, the department awarded more than 140 provider agencies and employers of record with grants to recruit, support, train and retain direct support professionals (DSP). The grants will be distributed this year and directly improve the working lives of DSPs through programs such as hiring and retention bonuses, on-the-job training and child care assistance. 

    “Direct support professionals are essential in helping people with I/DD live and work in the communities of their choosing,” said Kelly Crosbie, MSW, LCSW, Director of the NCDHHS Division of Mental Health, Developmental Disabilities, and Substance Use Services. “These efforts are one part of a multi-faceted plan to create a workforce pipeline and give employers the tools they need to recruit and retain a strong, well-qualified DSP workforce to help as many people with I/DD as possible.”

    In addition to the provider grants, NCDHHS is funding several pilot programs that are launching later this year. The projects include the development of a wage protection program for full-time direct support professionals and career advancement opportunities, a DSP recruitment multi-media campaign, and implementing an HR onboarding system to streamline employment for DSPs. There are also two DSP mentoring programs that are launching this year, one focusing on peer-to-peer mentoring and the other program focusing on leadership-to-DSP mentoring.

    A second round of DSP incentives that focus on recruitment, retention and training will be made available in spring of 2025. Applicants that submitted proposals previously will be eligible to apply again as long as the proposals fall under the recruitment, retention or training program type. The NCDHHS Division of Mental Health, Developmental Disabilities and Substance Use Services will announce the opening of the second round of DSP incentives soon. 

    These efforts are part of the DSP Workforce Plan that aligns with NCDHHS’ Inclusion Connects, which is dedicated to connecting people with I/DD to more choices and more access to services and supports. The department is committed to creating a more accessible and supportive North Carolina, enabling people with I/DD to live more independently and participate fully in the community of their choice. 

    Como parte de su Plan de Personal Profesional de Apoyo Directo, el Departamento de Salud y Servicios Humanos de Carolina del Norte (NCDHHS, por sus siglas en inglés) anuncia los $3 millones para reclutar y retener profesionales de apoyo directo. Esta fuerza laboral es fundamental para ayudar a las personas con discapacidades intelectuales y de desarrollo integrarse, trabajar y prosperar en las comunidades de su elección. Ellos proporcionan una amplia gama de apoyos, desde tareas diarias como bañarse, comer y tomar medicamentos hasta conectar a las personas con los recursos y oportunidades de la comunidad. 

    “Cada persona en Carolina del Norte debe tener el apoyo que necesita para prosperar en sus comunidades”, dijo el secretario de Salud y Servicios Humanos de Carolina del Norte, Dev Sangvai. “Debemos priorizar e invertir en la fuerza laboral que se encarga de cuidar a las personas. No solo para garantizar que las personas y las familias tengan la atención adecuada cuando y donde la necesiten, sino también para el bienestar a largo plazo de nuestro estado”.

    Como parte de la inversión, el departamento otorgó a más de 140 agencias proveedoras y empleadores inscritos con subvenciones para reclutar, apoyar, capacitar y retener profesionales de apoyo directo (DSP, por sus siglas en inglés). Las subvenciones se distribuirán este año y mejorarán directamente la vida laboral de los DSP a través de programas como bonos de contratación y retención, capacitación en el trabajo y asistencia de cuidado infantil. 

    “Los profesionales de apoyo directo son esenciales para ayudar a las personas con I/DD a vivir y trabajar en las comunidades de su elección”, dijo Kelly Crosbie, MSW, LCSW, directora de la División de Salud Mental, Discapacidades del Desarrollo y Servicios de Uso de Sustancias de NCDHHS. “Estos esfuerzos son parte de un plan multifacético para crear un flujo de fuerza laboral y brindar a los empleadores las herramientas que necesitan para reclutar y retener una fuerza laboral de DSP sólida y bien calificada para ayudar a tantas personas con discapacidades intelectuales y/o del desarrollo (I/DD, por sus siglas en inglés) como sea posible”.

    Además de las subvenciones para proveedores, NCDHHS está financiando varios programas piloto que se lanzarán a fines de este año. Los proyectos incluyen el desarrollo de un programa de protección salarial para profesionales de apoyo directo a tiempo completo y para oportunidades de promoción profesional, una campaña multimedia para reclutamiento de profesionales de apoyo directo (DSP), e implementación de un sistema de incorporación de recursos humanos para agilizar el empleo de DSP. También hay dos programas de tutoría de DSP que se lanzarán este año, uno centrado en la tutoría entre colegas y el otro programa centrado en la tutoría de liderazgo a DSP.

    Una segunda ronda de incentivos para DSP que se centran en el reclutamiento, la retención y la capacitación estará disponible en la primavera de 2025. Los solicitantes que presentaron propuestas anteriormente serán elegibles para postularse nuevamente siempre que las propuestas correspondan con el tipo de programa de reclutamiento, retención o capacitación. La División de Salud Mental, Discapacidades del Desarrollo y Servicios de Uso de Sustancias de NCDHHS anunciará pronto la apertura de la segunda ronda de incentivos para DSP. 

    Estos esfuerzos son parte del Plan de fuerza laboral de DSP que se alinea con Inclusion Connects de NCDHHS, que se dedica a conectar a las personas con I/DD con más opciones y más acceso a servicios y apoyos. El departamento se compromete a crear una Carolina del Norte más accesible y solidaria, que permita a las personas con I/DD vivir de manera más independiente y participar plenamente en la comunidad de su elección.

    Feb 18, 2025

    MIL OSI USA News –

  • MIL-OSI Security: Orlando Man Arrested for Using the Internet to Entice a Minor to Engage in Illicit Sexual Activity

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

    Orlando, Florida – United States Attorney Roger B. Handberg announces the arrest and charging by criminal complaint of Italo Rafael Brett Bonini (25, Orlando) for coercion or enticement of a minor using a facility of interstate commerce. If convicted, Brett Bonini faces a mandatory minimum penalty of 10 years, up to life, in federal prison. 

    According to the criminal complaint, on January 12, 2025, Brett Bonini had a video chat with two prepubescent child victims in Maryland through Discord, an online communication platform. During that video chat, both child victims were enticed into pulling down their pants, and one of the child victims complied with Brett Bonini’s request to display their genitals on screen. Law enforcement also reviewed messages from Brett Bonini to the victims in which Brett Bonini offered currency in an online video game in exchange for the victims to show their genitalia on screen. 

    The FBI obtained a search warrant for Brett Bonini’s residence and electronic devices. During the execution of that warrant, Brett Bonini admitted that he utilized his desktop computer to communicate with children, stating that children were easier to talk to.  He further admitted to communicating with one of the victims on the date in question.

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

    This case was investigated by the Federal Bureau of Investigation, Maryland State Police, and the Harford County Child Advocacy Center. It is being prosecuted by Assistant United States Attorney Brandon Cruz.

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

    MIL Security OSI –

  • MIL-OSI: Revolutionizing Passive Income in 2025: Earn Daily with Free Cloud Mining for Bitcoin, Ethereum, and More

    Source: GlobeNewswire (MIL-OSI)

    EDINBURGH, Scotland, Feb. 18, 2025 (GLOBE NEWSWIRE) — Since Bitcoin first broke through $100,000 on December 5, 2024, the market has soared, creating countless millionaires in a short period of time. More and more people are realizing that cryptocurrencies, as a financial asset, have the potential to increase wealth unmatched by other investment opportunities. ION Mining is completely disrupting the traditional way of investing in cryptocurrencies with its innovative cloud mining model. Without the need for expensive equipment, specialized technology or high electricity costs, ION Mining provides investors with an easy way to enter the crypto economy and help realize the dream of passive income.

    The advent of the cryptocurrency era, especially the rise of the cloud mining industry, is profoundly affecting the global economic landscape. From the birth of blockchain technology to the importance of digital currencies to current market dynamics, IONmining will take you through a comprehensive analysis of how to achieve stable returns through remote monitoring of mining. This guide covers the core knowledge of cloud mining, whether you are a novice or an experienced investor, you can find a profit strategy that suits you. Seize this opportunity to learn more about the potential of cloud mining and lay the foundation for future wealth growth.

    The core advantages of cloud mining：

    • · No hardware equipment and high electricity costs required
    • · Easy to operate, anyone can participate
    • · Low investment threshold, suitable for all budgets

    Start earning money

    Benefits of choosing ION cloud mining：

    1. Easy and quick start

    2. Top technology guarantee

    • · Use industry-leading hardware such as Bitmain and NVIDIA to ensure efficient mining performance
    • · The data center uses advanced cooling technology to ensure stable operation even under high load

    3. Transparent with no hidden fees

    • · Only the contract deposit needs to be paid, which will be fully refunded after the contract expires
    • · No additional maintenance fees or hidden costs

    Flexible mining contract plan

    ION Mining offers a variety of flexible mining contracts suitable for both beginners and experienced investors. The following are some examples of plans：

    • · Basic Cloud Computing Plan： Invest $300, contract period 5 days, profit $27.3
    • · Classic Cloud Computing Plan： Invest $1200, contract period 15 days, profit $388.8
    • · Advanced Cloud Computing Plans： Invest $5000, contract period 10 days, profit $1155.
    • · Super Cloud Computing Plan： Invest $11,000, contract period 30 days, profit $8,118

    After the contract ends, the investment principal will be automatically returned to the account, and the user can choose to continue investing or exit the platform

    How to get started?

    Follow these 4 steps to easily start your mining journey：

    • 1. Register an account： Go to the ION Mining official website, enter your email address and set a password, and receive a $15 reward immediately after activating your account
    • 2. Select a contract plan： Choose the appropriate mining plan according to your needs
    • 3. Fund your account： Supports multiple payment methods, including mainstream cryptocurrencies such as USDT, BTC, ETH, LTC, etc.
    • 4. Start mining： After activating the contract, the system will automatically start mining, and the income will be accumulated in real time and can be withdrawn at any time.

    Platform credibility guarantee

    • · ION Mining is a global company legally registered in the UK and authorized and regulated by the UK Financial Services Authority (FCA)
    • · With more than 100 global data centers located in Eastern Europe, North America, the Middle East and South America
    • · Always abide by local laws and regulations to provide users with safe and stable services.

    Join IONmining immediately

    ON Mining is not only a cloud mining platform, but also an ideal choice for users to provide efficient and sustainable income sources. Whether you are a novice or a senior investor, you can find a low-risk, high-return solution suitable for you here. Join ION Mining now, seize the wealth opportunities in the cryptocurrency era, start your passive income journey, and realize the dream of wealth freedom.

    Official Website： https://ionmining.com/

    Contact Email： info@ionmining.com

    Contact Us:

    Michael Rodrigo
    Marketing Manager

    Disclaimer: This press release is provided by “ionmining.com”. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. 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 as financial, investment, or trading advice. Investing in cloud mining and 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.

    Photos accompanying this announcement is available at: 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/98863de3-3b9a-4aa4-b132-c911a3faf15c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9eacb505-3de8-4426-b6c0-b4c215b1d0ed

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c28a9c8a-73fc-43a6-943c-50bb93a6973f

    The MIL Network –

  • MIL-OSI: NNIT A/S: NNIT RELEASES ITS ANNUAL REPORT FOR 2024

    Source: GlobeNewswire (MIL-OSI)

    Annual Report 2024

    2024 was the first full year as the new NNIT – an industry focused specialized IT consultancy focusing on Life Sciences internationally and the public and private sectors in Denmark. The Group continued to grow revenue organically and deliver a profit margin in line with the updated outlook for the year.

    2024 key highlights

    • Revenue grew by 7.1% (organic growth of 6.0%) to DKK 1,851 million. Despite facing challenges in various regions, especially in the third quarter, we ultimately achieved growth that surpassed the market overall. A strong fourth quarter, and significant wins in US and Denmark towards the end of the year hold promise of good momentum carried into 2025.
    • NNIT delivered operating result before special items of DKK 117 million in line with the DKK 116 million in 2023 and resulting in a slightly lower operating profit margin before special items of 6.3% for the year which is 0.4% down as a result of lower utilization.
    • Special items amounted to DKK 69 million against DKK 69 million in 2023 and is mainly related to earn-out payments and restructuring cost.

    2025 outlook

    • During 2025, NNIT expects organic growth to gradually improve alongside profitability.
    • The Group expects to generate organic revenue growth of 7-10% through expansion of existing engagements, and partly from the onboarding of new customers.
    • The operating profit margin before special items is expected to increase to 7-9% driven by several factors such as optimization of utilization and billability, recovery of the data migration business, full-year impact of the initiatives carried out during 2024 and continuously exploring further cost optimization opportunities.
    • The outlook is based on assumptions where the macroeconomic environment and geopolitical uncertainty is expected to remain at the same level as in 2024. Exchange rates are expected to remain stable.
    • In 2025, special items are expected to consist of earn-out payments of around DKK 20m with 2025 being the last year of such payments. Restructuring costs will also be a part of special items in 2025, however, the amount is expected to be significantly below the level of 2024.

    Pär Fors, CEO of NNIT, comments:
    “2024 was an eventful year where we reached several strategic milestones in becoming a pure-play IT consultancy company. Despite macroeconomic uncertainty and a moderate market slowdown in Life Sciences towards the second half of the year, we continued to grow our business organically through existing and new customers. Furthermore, we continued to strengthen our position in the Public sector in Denmark, where we won important strategic contracts. As a result, we delivered according to our latest financial outlook.”

    Conference call
    February 19, 2025, at 9:30 AM CET:

    Webcast link

    Dial in information:

    DK: +45 7876 8490
    SE: +46 31-311 5003
    UK: +44 203 769 6819
    US: +1 646-787-0157

    Participant Access code: 472855

    For more information, please contact:

    Investor Relations
    Carsten Ringius
    EVP & CFO
    Tel: +45 3077 8888
    carr@nnit.com

    Media Relations
    Sofie Mand Steffens
    Senior Communications Consultant
    Tel: +45 3077 8337
    smst@nnit.com

    ABOUT NNIT

    NNIT is a leading provider of IT solutions to life sciences internationally, and to the public and private sectors in Denmark.

    We focus on high complexity industries and thrive in environments where regulatory demands and complexity are high.

    We advise on and build sustainable digital solutions that work for the patients, citizens, employees, end users or customers.

    We strive to build unmatched excellence in the industries we serve, and we use our domain expertise to represent a business first approach – strongly supported by a selection of partner technologies, but always driven by business needs rather than technology.

    NNIT consists of group company NNIT A/S and the subsidiary SCALES. Together, these companies employ more than 1,700 people in Europe, Asia and USA.

    Attachments

    The MIL Network –

  • MIL-OSI USA: Governor Lamont Proposes Additional Tax Relief: Increase the Property Tax Credit and Expand Eligibility

    Source: US State of Connecticut

    (HARTFORD, CT) – Governor Ned Lamont today announced that the fiscal year 2026/2027 biennial budget proposal he presented to the Connecticut General Assembly earlier this month includes a recommendation that the state’s property tax credit, which provides a credit to income tax filers for property tax payments made on eligible property, be increased to $350. Additionally, the governor is proposing to expand eligibility for the credit to include more income tax filers.

    In total, this change would benefit approximately 800,000 filers and result in $85 million in tax relief. Approximately $60.8 million of that amount (or 71.6%) will benefit filers with an adjusted gross income (AGI) of less than $100,000 per year, and all the relief will benefit filers with an AGI of $160,000 or less.

    Since taking office in 2019, Governor Lamont has enacted more than $840 million in permanent tax cuts. This includes $500 million in income tax cuts for middle-class filers that was enacted in 2023 and became the largest income tax cut made in Connecticut history; increases in the Earned Income Tax Credit that have essentially eliminated income taxes for low-income filers; the elimination of taxes on pensions and Social Security for most seniors; and the creation of a cap on motor vehicle property taxes.

    “During the last five years, our administration has consistently worked in bipartisan cooperation with the legislature to enact a series of permanent tax cuts to benefit taxpayers in Connecticut, and this year I am asking them to again work with us on additional tax relief measures,” Governor Lamont said. “Before I became governor, the property tax credit was limited only to seniors and those with dependents, and we changed that law a couple of years ago to remove those restrictions and expand the credit to all adults. This year I am asking the legislature to revisit the property tax credit another time so that we can expand its eligibility again and increase the available credits even further.”

    Under the governor’s proposal, single filers earning up to $70,000 and joint filers earning up to $100,000 would qualify for the full $350 credit, with a phase out-schedule for higher incomes.

    The following chart lists the current property tax credit and phase-out schedules compared to Governor Lamont’s proposed enhancements:


    Proposed Changes to Property Tax Phase-Out Schedule


    Married Filing Jointly

    Current AGI Up To

    Current Maximum Credit

    Proposed AGI Up To

    Proposed Maximum Credit

    $70,500

    $300

    $100,000

    $350

    $80,500

    $255

    $110,000

    $298

    $90,500

    $210

    $120,000

    $245

    $100,500

    $165

    $130,000

    $193

    $110,500

    $120

    $140,000

    $140

    $120,500

    $75

    $150,000

    $88

    $130,500

    $30

    $160,000

    $35


    Singles

    Current AGI Up To

    Current Maximum Credit

    Proposed AGI Up To

    Proposed Maximum Credit

    $49,500

    $300

    $70,000

    $350

    $59,500

    $255

    $80,000

    $298

    $69,500

    $210

    $90,000

    $245

    $79,500

    $165

    $100,000

    $193

    $89,500

    $120

    $110,000

    $140

    $99,500

    $75

    $120,000

    $88

    $109,500

    $30

    $130,000

    $35

     

    The fiscal year 2023 biennial budget that Governor Lamont signed in 2022 (Public Act 22-118) increased the property tax credit from its then amount of $200 to the current amount of $300. Additionally, it removed the restriction that limited availability of the tax credit only to individuals over the age of 65 or who claim dependents on their federal tax returns.

    Governor Lamont’s fiscal year 2026/2027 biennial budget proposal is currently under consideration by the legislature’s Appropriations Committee and Finance, Revenue, and Bonding Committee.,

    **Download: Town-by-town breakdown of total personal income tax savings under Governor Lamont’s proposal

     

    MIL OSI USA News –

  • MIL-OSI Security: Former Guatemalan Congressman sentenced to 18 years in federal prison for international drug trafficking violations in the Eastern District of Texas

    Source: Office of United States Attorneys

    PLANO, Texas – A former Guatemalan congressman has been sentenced to 18 years in federal prison for his role in an international drug trafficking conspiracy, announced Acting U.S. Attorney Abe McGlothin, Jr. of the Eastern District of Texas.

    Jose Armando Ubico Aguilar, 45, a former senior Republic of Guatemala official, pleaded guilty to ­­­­being involved in an international drug trafficking conspiracy and was sentenced to 216 months in federal prison by U.S. District Judge Michael Truncale on February 11, 2025.

    According to information presented in court, Ubico Aguilar served as an elected member of the Congress of the Republic of Guatemala from 2016 to 2024.  He also served as an elected Deputy and was the President of the National Defense Committee of the Congress of the Republic of Guatemala from 2018 to 2023. 

    “The sentencing of this corrupt Guatemalan official who brokered and facilitated cocaine shipments into the United States while betraying his country through his partnerships with known drug traffickers and other corrupt officials shows the commitment of the Eastern District of Texas United States Attorney’s Office to identify, disrupt, and dismantle Transnational Criminal Organizations,” said Acting U.S. Attorney Abe McGlothin, Jr.  “I am grateful to our law enforcement partners who worked tirelessly to ensure that Ubico Aguilar will no longer be allowed to hide behind his position of power.”

    “The sentencing of this corrupt official who brokered and facilitated cocaine shipments into the United States sends a message to Transnational Criminal Organizations across the world that they will be held responsible for the poison they distribute into the United States,” said Dallas DEA Special Agent in Charge Eduardo A. Chávez.  “This sentence reflects our continued resolve to partner with our international law-enforcement counterparts to fight greed, violence, and public corruption.”

    On March 3, 2021, a federal grand jury in the Eastern District of Texas indicted Ubico Aguilar charging him with federal drug trafficking violations.  In May 2024, Ubico Aguilar arrived in the United States and pleaded guilty.  During his plea hearing, Ubico Aguilar admitted his role in the conspiracy, including relaying drug-related information and U.S. currency to another Guatemalan official on behalf of an international drug trafficker. These actions resulted in the safe passage of at least 450 kilograms of cocaine through Guatemala for distribution in the United States.

    This effort is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach.  Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    This case was investigated by the North Texas Organized Crime Drug Enforcement Task Force (“OCDETF”) Strike Force Group Two; the U.S. Drug Enforcement Administration’s Dallas Division; the DEA’s Guatemala City Country Office and the DEA’s San Jose (Costa Rica) Country Office; the FBI’s Dallas Field Office; the Homeland Security Investigation’s Dallas and Guatemala Field Offices; the U.S. Marshals Service’s Dallas Field Office; and Customs and Border Protection’s San Diego Field Office. The Justice Department’s Office of International Affairs of the Department’s Criminal Division also provided significant assistance in securing the surrender of Ubico Aguilar.  

    This case was prosecuted by Assistant U.S. Attorney Christopher Eason.                                        

    MIL Security OSI –

  • MIL-OSI: Orocidin QR-01 Shows a Good Safety Profile in Preclinical Toxicity Study

    Source: GlobeNewswire (MIL-OSI)

    BEVERLY HILLS, California, Feb. 18, 2025 (GLOBE NEWSWIRE) — Orocidin A/S (“Orocidin”), a subsidiary of Nordicus Partners Corporation (OTCQB: NORD) (“Nordicus” or the “Company”), a financial consulting company specializing in supporting Nordic and U.S. life sciences companies in establishing themselves in the U.S. market, has successively completed its first toxicity study for QR-01, a novel treatment for aggressive periodontitis.

    In the study, Orocidin dosed hamsters over a 2-week period with a concentration 5-8 times higher than the planned dose for the upcoming pilot efficacy study in patients.

    “We are pleased to report that all animals exhibited high tolerance to the drug, with no adverse reactions and irritation at the buccal application site. No significant side effects were observed and more importantly, the necroscopic cross examination showed no changes in tissues.” said Allan Wehnert, CEO & Founder of Orocidin.

    The successful completion of this study marks an important milestone for Orocidin, providing the foundation for the upcoming pivotal eight-week toxicity study.

    For further information, contact:
    Mr. Henrik Rouf
    Chief Executive Officer
    hr@nordicuspartners.com
    Tel +1 310 666 0750

    Investor Relations
    Jonathan Paterson
    Harbor Access Investor Relations
    Jonathan.Paterson@Harbor-Access.com
    Tel +1 475 477 9401

    About Orocidin
    Orocidin’s mission is to develop the preferred treatment against aggressive periodontitis. Our innovative therapeutic agent, QR-01, distinguishes itself through its unique ability to provide treatment of both inflammation and bacterial infection.

    About Nordicus Partners Corporation
    Nordicus Partners Corporation is the only U.S. publicly traded business accelerator and holding company for Nordic life sciences companies. Leveraging decades of combined management experience in domestic and global corporate sectors, Nordicus excels in corporate finance activities including business and market development, growth strategies, talent acquisition, partnership building, capital raising, and facilitating company acquisitions and sales. In 2024, Nordicus acquired 100% of Orocidin A/S, a Danish preclinical-stage biotech company developing next-generation therapies for periodontitis and 100% of Bio-Convert ApS, a Danish preclinical-stage biotech company dedicated to revolutionizing the treatment of oral leukoplakia. For more information about Nordicus, please visit: www.nordicuspartners.com, and follow us on LinkedIn, X, Threads and BlueSky.

    Cautionary Note Regarding Forward-Looking Statements:
    This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. You should read statements that contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. We believe that it is important to communicate our future expectations to our investors. There may be events in the future, however, that we are not able to predict accurately or control. Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake 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. 

    The MIL Network –

  • MIL-OSI Global: 5 ways to improve security governance and prevent future illegal mining tragedies from happening

    Source: The Conversation – Canada – By Andrew Grant, Associate Professor of Political Studies, Queen’s University, Ontario

    After six months trapped underground, roughly 246 illegal miners were rescued at Buffelsfontein gold mine in Stilfontein, South Africa, in mid-January following a court order and intense public outcry.

    An estimated 2,000 miners had been trapped underground after police blocked food and water from families and supporters in an attempt to force them into surrendering for arrest. In total, 87 died, many from starvation or dehydration, according to civic groups. Some survivors reportedly resorted to eating cockroaches or the flesh of their deceased colleagues to survive.

    Illegal miners, known as “zama zamas” in South Africa, are people who enter mining sites without authorization to extract leftover gold and other minerals, often under dangerous and exploitative conditions.

    This incident highlights the current failures in security governance at abandoned mining sites. Rather than ensuring safety and protecting lives, the police response contributed to the scale of the tragedy.

    To prevent similar tragedies, security governance at abandoned or closed mining sites must be improved, and inclusive policies that address employment needs must be implemented.

    A dangerous occupation

    As more mining sites in South Africa and across the world reach the end of their life cycles, the number of mine closures will increase, along with the need for more effective security governance.

    The value of remaining minerals, combined with the dearth of alternatives to sustain livelihoods, has led some people to engage in illegal artisanal mining, despite the significant risks involved.

    While illegal mining provides financial support for households in impoverished regions, it also releases pollutants into the environment, disrupts and degrades water resources and supports criminal networks.

    South Africa is a prime example of these challenges. The country is home to an estimated 6,000 abandoned mines and 30,000 illegal miners. Security governance challenges are a major part of South Africa’s socioeconomic reality, and these challenges continue to grow despite government crackdowns in recent years.

    Current enforcement efforts are doing little to address the decades of poor post-mine closure management. South Africa’s Petroleum and Mineral Resources Development Act requires mining companies to rehabilitate sites after closure, although compliance is sporadic, leaving communities and ecosystems at risk.

    With limited job opportunities in the formal sectors of the economy, many young people aged 15 to 34 have turned to informal sectors, including illegal mining, due to its low entry barriers. Compounding the problem is the government’s failure to legally distinguish between illegal and informal mining.

    5 ways to improve security governance

    The Buffelsfontein incident is a grim reminder that security governance cannot rely solely on policing tactics. Addressing the worsening socioeconomic cycle of miners trapped in abandoned and uncontrolled mines will require governments, companies and local communities to build stronger relationships before crises arise.

    Solutions must recognize that zama zamas work with no safety equipment and face daily threats from criminal syndicates who control mining territories. We propose five solutions that, together, address the socioeconomic and governance challenges:

    1. The Petroleum and Mineral Resources Development Act should be amended so mining permits are only granted when firms provide a mine closure security plan. This plan must include physical barriers like fencing and sealed shafts, with local communities involved in security enforcement. Funding would come from an independent relinquishment fund via annual contributions over the active lifespan of the mine to an interest-earning annuity held by a local financial institution and monitored by government and civil society.

    2. Security efforts should combine private security firms with community-based approaches, including hiring local residents in monitoring roles. This approach will foster trust, create jobs, improve security governance and enhance environment, social and governance (ESG) investment ratings.

    3. Drawing from successful models in other countries like Chile, drones, unmanned aerial vehicles and artificial intelligence monitoring methods can help monitor and secure high-risk areas. When used ethically, such technologies can reduce unauthorized mining activities.

    4. With unemployment in South African mining regions exceeding 40 per cent, governments and the private sector must focus on renewable energy, agriculture and entrepreneurship as economic alternatives for mining communities. Germany’s Emscher Park Project, for instance, has transformed coal mining regions into renewable energy hubs that create jobs and revitalize local economies. South Africa can also repurpose abandoned mining sites for such initiatives.

    5. As South Africa turns its attention to critical minerals, it has an opportunity to expand its green bonds to include funding for post-closure financial recovery for mining communities. These funds could finance infrastructure projects, vocational training and education so mining communities can transition successfully to other economic sectors.

    Lessons for Canada

    Canada is no stranger to the challenges of managing mines after closure. Across the Yukon, Northwest Territories and northern parts of several provinces, tailing pond failures have led to environmental pollution during the post-closure phase of the mining cycle.

    Investing in post-closure mine rehabilitation can prevent future harms to the environment, as well as enhance the human security of local communities. Green investors and sustainable finance funds like those informed by the Institute for Sustainable Finance must take a more active role in funding these efforts.

    The Buffelsfontein tragedy should serve as a wake-up call: security governance must evolve from punitive enforcement to proactive protection. Providing alternative livelihoods to illegal mining weakens criminal networks, removes dangerous working conditions, reduces environmental harms and saves lives.

    Though Canada is considered a mining superpower, it could learn valuable lessons from South Africa’s experience. Adopting our suggested solutions could help Canada address its own abandoned mine risks and ensure a more sustainable future for its mining communities.

    Andrew Grant has received grants from the Social Sciences and Humanities Research Council of Canada

    Benjamin Ofosu-Atuahene has received funding in the form of an Ontario Graduate Scholarship.

    Olusola Ogunnubi has received funding from the Social Sciences and Humanities Research Council of Canada.

    – ref. 5 ways to improve security governance and prevent future illegal mining tragedies from happening – https://theconversation.com/5-ways-to-improve-security-governance-and-prevent-future-illegal-mining-tragedies-from-happening-248741

    MIL OSI – Global Reports –

  • MIL-OSI Security: New Orleans Man Indicted for Crack Conspiracy and Federal Gun Charges

    Source: Office of United States Attorneys

    NEW ORLEANS – STEVE BANKS (“BANKS”), age 49, of New Orleans, was indicted on February 14, 2025, for violations of the Federal Controlled Substances Act and the Federal Gun Control Act, announced Acting U.S. Attorney Michael M. Simpson.

    BANKS is charged in Count 1 with possession, with the intent to distribute, 280 grams or more of a mixture and substance containing crack, in violation of 21 U.S.C. §§ 841(a)(1) and 841(b)(1)(A).  Count 2 charges BANKS with being a felon in possession of a firearm, in violation of 18 U.S.C. §§ 922(g)(1) and 924(a)(8).  Count 3 charges BANKS with possession of a firearm in furtherance of a drug trafficking crime, in violation of 18 U.S.C. §§ 924(c)(1)(A) and 924(c)(1)(A)(i).

    As to the drug trafficking charge in Count 1, BANKS faces a mandatory minimum sentence of 10 years, up to life imprisonment, a fine of up to $10,000,000, and at least 5 years of supervised release.  For Count 2, BANKS faces a maximum sentence of 15 years of imprisonment, up to a $250,000 fine, and up to 3 years of supervised release.  For Count 3, BANKS faces a mandatory minimum sentence of 5 years, up to life imprisonment, a fine of up to $250,000, and up to 5 years of supervised release.

    According to the indictment, beginning at a time unknown but prior to September 2024, and continuing to on or about October 21, 2024, BANKS conspired with others to distribute crack in the Eastern District of Louisiana.  On October 21, 2024, BANKS possessed, with the intent to distribute, 280 grams or more of a mixture containing crack, and three guns, including a Zastava Model ZPAP85, 5.56 millimeter semi-automatic rifle, a Glock Model 22, 40 millimeter semi-automatic pistol, with a loaded extended magazine, that had been reported stolen, and a Glock Model 17Gen5, nine millimeter semi-automatic pistol.

    Acting U.S. Attorney Simpson reiterated that the indictment is merely an allegation and that the guilt of the defendant must be proven beyond a reasonable doubt.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone.  On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    This case is being investigated by the Federal Bureau of Investigation and the New Orleans Police Department.  Assistant United States Attorney Rachal Cassagne of the Narcotics Unit is in charge of the prosecution.

    MIL Security OSI –

  • MIL-OSI Security: FBI Media Alert: FBI Offers Reward for Los Lunas Bandit in a Black Hoodie Responsible for a Bank Robbery

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

    The FBI and Los Lunas Police Department are asking for the public’s help to identify a man who robbed U.S. Bank at 2421 Main Street SE, Los Lunas, on Wednesday, February 12, 2025, at approximately 5 p.m.

    Suspect description:

    • Race: Hispanic
    • Height: approximately 5’10”- 6’0”
    • Build: Thin
    • Clothing: Blue Jeans, Black Hoodie, Sunglasses, Face mask, black shoes

    The suspect entered the bank and passed a demand note to the teller, then verbally demanded more money from a second teller. He was observed leaving northbound from the bank.

    The FBI is offering a reward of up to $2,000 for information leading to the arrest and conviction of this suspect. Anyone with information about this robbery is asked to contact the FBI at (505) 889-1300.

    Information about other bank/credit union robbers wanted by the FBI can be found at bankrobbers.fbi.gov. Bank robbery carries a possible prison term of up to 20 years. The use of a gun, other dangerous weapon, toy gun, or hoax bomb device during the commission of a bank robbery can be punishable by a prison term of up to 25 years.

    MIL Security OSI –

  • MIL-OSI Security: Former Finance Director Admits to Embezzling From Non-Profit

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

                WASHINGTON – Jarrett Lewis, 44, of Washington, D.C., pleaded guilty today to one count of wire fraud in connection with an embezzlement scheme that bilked a District non-profit advocacy organization of more than $320,000, announced by U.S. Attorney Edward R. Martin, Jr., and FBI Special Agent in Charge Sean Ryan, of the Washington Field Office’s Criminal and Cyber Division.

                U.S. District Court Judge John D. Bates scheduled a sentencing hearing for June 16, 2025.

                Lewis was employed by the victim agency between June 2021 and October 2022. According to the statement of facts, while serving as Director of Finance for the non-profit, Lewis perpetrated a scheme to defraud his employer. Lewis was one of three employees at Victim 1 with access to the non-profit’s bank account. It was part of Lewis’s duties to pay bills on behalf of the organization. Lewis was also provided with a VISA card for an account belonging to Victim 1, and was authorized to use the VISA card to incur expenses on behalf of Victim 1 for goods and services related to its operations.

                On 32 occasions, Lewis took advantage of his position by accessing Victim 1’s account and causing funds to be transferred to his personal account and for his own personal benefit. The total loss suffered by Victim 1 resulting from these transfers is $309,950.88. Lewis also used the non-profit’s VISA to book and pay for personal travel for himself, his family, and friends, totaling $9, 112. 96. In total, the parties stipulate that Lewis’s scheme to defraud amounts to a total of $321,057.98.

                Lewis was arrested on September 5, 2024. He faces a custodial sentence in addition to fines and restitution.

                This case was investigated by the FBI’s Washington Field Office. It is being prosecuted by Assistant U.S. Attorney Michael Truscott with the Fraud, Public Corruption, and Civil Rights Section of the U.S. Attorney’s Office for the District of Columbia.

    ##

    24cr391

    MIL Security OSI –

  • MIL-OSI: Welltec Annual Report 2024 and Investor Conference Call Announcement

    Source: GlobeNewswire (MIL-OSI)

     

    Annual Report and Investor Conference Call Announcement

    Welltec® will disclose its 2024 Annual Report and will discuss the results during an investor conference call to be held Wednesday, April 9th, 2025, at 5 pm CEST.

    The conference call will be available only to current and prospective bond holders, broker dealers, and securities analysts, and can be accessed by dialling in a few minutes before the start and informing the operator that you would like to participate in Welltec’s investor conference call.

    Relevant dial-in details and conference ID can be obtained by contacting Kris Petrov krpetrov@welltec.com and registering for the call. Registration will not be possible once the investor conference has started.

    The 2024 Annual Report will be made available in the “Investor Room” on Welltec’s website at https://www.welltec.com/discover/investors.

    For further information, please contact:
    Kris Petrov, Finance Director
    Cell:  +45 48 14 35 14
    E-mail: krpetrov@welltec.com

    Company Profile:
    Welltec® is a global technology company that develops and provides efficient, hi-tech solutions for the energy industry.
    The company was founded in 1994 and grew rapidly by supplying innovative robotic technology to oil and gas operators. In 2010, Welltec introduced a new business segment focused on the development of Completion products. Commercialization of these products began in 2014, and the company is now a global leader in the field of metal expandable packer technology. Welltec’s cutting-edge products and services are designed to optimize the performance and integrity of a well, in any environment.
    Through advanced engineering and lightweight design, Welltec’s solutions have helped clients increase operational efficiency and reduce carbon footprints in a safe and sustainable way for more than 30 years. Today, Welltec continues to evolve and invest in its technology portfolio with products and services adapted to take on the challenges of New Energy and Climate Technology, including Geothermal and Carbon Capture & Storage projects.

    The MIL Network –

  • MIL-OSI: EXL’s LDS platform recognized as ‘Luminary’ in Celent New Business and Underwriting Systems: North America Life Insurance Edition report

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 18, 2025 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a global data and AI company, announced it has been recognized as a Luminary in the Celent New Business and Underwriting Systems: North America Life Insurance Edition report.

    The recognition marks the third consecutive year that EXL’s Life Digital Suite™ (LDS) solution, has been honored for its innovation and functionality. In 2022, EXL’s LDS also earned the Luminary honor, and in 2023, EXL won Celent’s XCelent Breadth of Functionality Award for its LifePRO™ platform.

    This Celent report evaluated 20 different technology platforms supporting the automation and digitization of the new business and underwriting processes to lower operating costs and improve customer experience. The focus was on new business and underwriting systems currently offered in North America. The Celent evaluation is based on detailed analysis of product offerings and capabilities along with client references and surveys.

    “As a modern, low-code, highly configurable system with six new clients in the U.S. and U.K., EXL’s LDS has become a top contender in the new business and underwriting solution market,” states Karen Monks, principal analyst in Celent’s Life Insurance Practice and author of the recent report. “EXL’s continued investment in the product, like Underwriter Assist, a summarization and query tool using GenAI, helps them make insurers’ shortlists.”

    EXL’s LDS is a comprehensive digital platform that automates the entire new business and underwriting process from receipt of insurance application through policy issue. Fully interoperable with existing client technologies and pricing systems, the cloud-based solution is built a with simple no code configuration and includes pre-built product templates supporting fully customized agent landing and quote pages, personalized quotes and detailed management dashboards.

    “The landscape of the life insurance industry favors fast decisioning and efficient workflows,” said Ajmal Malik, EXL’s vice president and LDS product manager. “At EXL, we empower insurers with fully automated, AI enhanced processes that help underwriters organize and search through unstructured data, streamline decision-making, and allowing them to thrive in this fast-paced environment.”

    To read more about the report and to see how EXL compares to its competition, visit here. For more information on EXL’s Life Digital Suite, click here.

    About EXL

    EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 57,000 employees spanning six continents. For more information, visit www.exlservice.com.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

    Contacts
    Media
    Keith Little
    +1 703-598-0980
    media.relations@exlservice.com

    Investor Relations
    John Kristoff
    +1 212 209 4613
    IR@exlservice.com

    The MIL Network –

  • MIL-OSI Africa: Congo Energy & Investment Forum (CEIF) 2025 to Feature Top Legal, Commercial Workforce Experts

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

    BRAZZAVILLE, Republic of Congo, February 18, 2025/APO Group/ —

    Working in close collaboration with oil and gas companies operating in the Republic of Congo’s hydrocarbons industry, pan-African legal and business advisory group CLG served as a key provider of commercial services for the acquisition of a number of operating fields by Trident Energy in January 2025. As part of the acquisition, Trident Energy acquired a 15.75% interest in the Lianzi Field, an 85% interest in the Nkosa and Nsoko 2 fields and a 21.5% interest in the Moho-Bilondo field from energy supermajors Chevron and TotalEnergies.

    Having recently opened an office in Pointe-Noire, CLG is well-equipped to offer direct support for energy professionals operating in the country. As such, CLG will participate as the official Legal Partner to this year’s inaugural Congo Energy & Investment Forum (CEIF) 2025, which takes place in Brazzaville from March 24-26. CEIF 2025 will feature the participation of CLG Congo Managing Director Yves Ollivier and Director of Tax and Legal Daodou Mohammad as speakers.

    The inaugural Congo Energy & Investment Forum, set for March 24-26, 2025, in Brazzaville, under the patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société nationales des pétroles du Congo, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.

    Congo’s upcoming Gas Master Plan is expected to be a major focus at CEIF 2025, providing a robust framework for gas exploration, production and commercialization. This regulatory reform is set to boost investor confidence and unlock the country’s full natural gas potential. As such, CLG Congo is expected to lead discussions on the country’s transforming regulatory structure while offering expertise on new commercial opportunities in the sector.

    Meanwhile, with over 28 years’ experience in Africa’s energy and workforce development space, pan-African career management firm iCUBEFARM CEO Yolanda Asumu will also participate as a speaker at CEIF 2025. Under Asumu’s leadership, iCUBEFARM has become one of Africa’s most transformative professional networks, bridging talent with opportunity and driving economic growth. With a reach that spans over 10,000 professionals across Central Africa, the company is a strategic partner for businesses, delivering workforce development solutions to startups, small- and medium-sized enterprises and major companies alike.

    In line with its economic goals, the Congolese government has established policies to ensure that Congo’s energy sector benefits local businesses and workers. The Minister of Hydrocarbons Bruno Jean-Richard Itoua recently launched a registration campaign for subcontracting and service companies in the oil and gas industry. The initiative is designed to enhance transparency and improve the integration of local companies into the industry.

    As such, Asumu’s participation at CEIF 2025 is expected to support Congo’s strategy to encourage partnerships between foreign oil companies and local enterprises, with a focus on capacity building and knowledge sharing. Her participation as a speaker showcases the company’s dedication to supporting Congo’s approach to maximize domestic benefits from its vast energy resources, with a focus on job creation, technology transfer and building local expertise.

    “The combined expertise of these speakers in legal, commercial and workforce development in Congo’s energy sector will be instrumental in driving discussions on the country’s energy future. Their insights at CEIF 2025 will foster important dialogue on how to align local and international efforts, build capacity and maximize the benefits of Congo’s vast energy resources, ensuring sustainable growth and economic development for the country,” stated Energy Capital & Power Events & Project Director Sandra Jeque.

    MIL OSI Africa –

  • MIL-OSI: James Bell Capital Corp. Announces Business Combination with Evolution Nickel

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Feb. 18, 2025 (GLOBE NEWSWIRE) — James Bell Capital Corp. (“JBCC” or the “Company”) is pleased to announce that it has entered into a definitive agreement effective February 18, 2025 (the “Business Combination Agreement“) setting out the terms of a proposed business combination (the “Transaction“) with Evolution Nickel Corp. (“Evolution“), an arm’s length company incorporated under the Business Corporations Act (Ontario).

    Evolution is a privately held company focused on the advancement and development of the South Thompson Nickel Project (the “Project”) in the Thompson Nickel Belt in Manitoba. The Project comprises more than 3,000 square kilometres of mineral exploration licenses on which extensive historic drilling and other exploration work has been conducted. Upon completion of the Transaction, it is the intention of the parties that Evolution will focus primarily upon the further evaluation, exploration, and advancement of the Project, while seeking additional corporate development opportunities that it believes will create value for Evolution’s stakeholders.

    Transaction Structure

    The Transaction will be structured as a three‐cornered amalgamation pursuant to which Evolution will amalgamate with a wholly‐owned subsidiary of JBCC and JBCC will acquire all of the issued and outstanding shares of Evolution from the shareholders of Evolution in exchange for the issuance of an aggregate of 52,000,000 common shares of JBCC (each, a “JBCC Share“) to such shareholders (being calculated based on a ratio of one JBCC Share for each one share of Evolution outstanding). The Transaction remains subject to the receipt of all applicable regulatory and third-party approvals and the satisfaction of other closing conditions set forth in the Business Combination Agreement. Subject to the completion of the Transaction, JBCC expects that it will change its corporate name to “Evolution Nickel Corp.”

    The Transaction will constitute a change of business for the Company, as JBCC was previously a non-resource issuer and upon completion of the Transaction, proposes to focus on natural resource development opportunities. The Transaction is not expected to be subject to the approval of shareholders of JBCC, on the basis that (i) shareholder approval is not required for a three‐cornered amalgamation under applicable corporate law; (ii) the Transaction is not a “related party transaction” and no other circumstances exist which may compromise the independence of the Company or other interested parties with respect to the Transaction; and (iii) the Company is not and will not be subject to a cease trade order and will not otherwise be suspended from trading on completion of the Transaction.

    Concurrent Financing

    As a condition of the closing of the Transaction, JBCC and Evolution shall complete a non-brokered private placement (the “Private Placement“) of common shares and flow-through common shares to raise minimum aggregate gross proceeds of $5,000,000.

    Following the completion of the Transaction, the net proceeds of the Private Placement are anticipated to be used to further assess and explore the Project, and for general corporate purposes.

    Conditions to Completion

    Completion of the Transaction is subject to a number of conditions. The Transaction cannot close until all required regulatory approvals are obtained. There can be no assurance that the Transaction will receive such approvals on acceptable terms, or at all. Completion of the Transaction is also subject to a number of conditions including, if applicable, disinterested shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed, or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, neither Evolution nor JBCC can make any representation or warranty as to the completeness or the accuracy of any information regarding the transaction. Trading in the securities of JBCC should be considered highly speculative. Neither the Canadian Investment Regulatory Organization or any securities exchange has expressed an opinion on the merits of the proposed Transaction or has approved or disapproved the contents of this news release.

    On behalf of the Board of Directors

    Bruce Langstaff
    Executive Chairman
    info@copland-road.com

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

    Forward-Looking Statements

    This news release contains statements about the Company’s expectations regarding the proposed Transaction of the Company and the Private Placement which are forward‐looking in nature and, as a result, are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward‐looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward‐looking statements. Factors that could cause the actual results to differ materially from those in forward‐looking statements include general business, economic, competitive and social uncertainties; and the delay or failure to receive all applicable regulatory and third party approvals, and availability of financing. The forward‐looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward‐looking statements or information, except as required by law.

    The MIL Network –

  • MIL-OSI Economics: Launch of the RBIDATA Mobile App by RBI

    Source: Reserve Bank of India

    Today, the Reserve Bank of India launched RBIDATA, a Mobile App, that offers macroeconomic and financial statistics relating to the Indian economy in a user-friendly and visually engaging format.

    The key features of the app include:

    • Access to over 11,000 different series of economic data to give a comprehensive view of the Indian economy.

    • Users can view time series data in graphs/charts and download data for analysis.

    • The app includes details such as data source, unit of measurement, frequency, recent updates. Additional notes are also provided to help users understand the graphs/charts better.

    • The ‘Popular Reports’ section features a series of frequently viewed reports.

    • ‘Search’ option allows users to access data directly from home screen, without the need to navigate various sections or publications.

    • The ‘Banking Outlet’ section helps users find banking facilities within 20 km of their location.

    • Users can access data about SAARC countries through the ‘SAARC Finance’ link in the app.

    This app offers quick access to the Database on the Indian Economy (DBIE – https://data.rbi.org.in) portal and aims to serve the researchers, students, and the general public. It is available for both iOS and Android users (version 12 and above). The app also lets users provide feedback to improve its functionality.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2193

    MIL OSI Economics –

  • MIL-OSI Security: Prince Albert — Prince Albert RCMP respond to armed robbery of a vehicle

    Source: Royal Canadian Mounted Police

    On February 6, 2025 at approximately 9:56 p.m., Prince Albert RCMP received a report of an armed robbery near a business on Highway 2 and 264 in the Elk Ridge area.

    Investigation determined a female approached a vehicle, threatened the driver and directed them to drive to a specified location.

    The incident was reported to Prince Albert RCMP and officers located the vehicle at a business in Northside, SK and arrested the suspect at the scene. The driver did not report physical injuries to police.

    As a result of continued investigation, Saskatchewan RCMP arrested 20-year-old Jade Grieves.

    Jade Grieves from Nipawin is charged with:

    • one count, robbery – with other offensive weapon, Section 344(1)(b), Criminal Code;
    • three counts, fail to comply with a probation order, Section 733.1(1), Criminal Code.

    Jade Grieves appeared in Prince Albert Provincial Court on February 7 and February 10, 2025.

    MIL Security OSI –

  • MIL-OSI: Leishen Energy Holding Co., Ltd. Announces Fiscal Year 2024 Financial Results Highlighting Strong Operating Cash Flow and Stable Gross Margins

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, Feb. 18, 2025 (GLOBE NEWSWIRE) — Leishen Energy Holding Co., Ltd. (“Leishen Energy”), a leading provider of clean-energy equipment and integrated solutions for the oil and gas industry, today announced its fiscal year 2024 financial results, showcasing robust performance driven by effective cost management, strategic market expansion, and growing demand for the Company’s innovative product offerings.

    Fiscal Year 2024 Financial Highlights

    • Operating Cash Flow Grows 243%, rising to USD $15.07 million in fiscal year 2024, up from USD $4.39 million in fiscal year 2023, marking a more than 243% year-over-year increase. This sharp rise was driven by robust accounts receivable collections, efficiency gains, and disciplined costs.
    • Total Revenues were USD $69.07 million, compared to USD $73.08 million in fiscal year 2023, representing a 5.5% decrease year-over-year. The decline was primarily attributable to lower sales of clean-energy equipment in the domestic market, partially offset by growth in the Company’s new energy business.
    • Gross Profit totaled USD $16.03 million, down from USD $18.38 million in the prior year, reflecting a gross margin of 23.2% (25.1% in fiscal year 2023). The margin decrease was primarily driven by lower margins in oil and gas engineering technical services.
    • Net Income was USD $7.99 million, compared to USD $11.63 million in fiscal year 2023, reflecting a 31.3% decrease.
    • Operating Expenses rose from USD $6.49 million in fiscal year 2023 to USD $8.48 million in fiscal year 2024, largely due to higher selling and marketing costs associated with international market expansion, as well as increased research and development.
    • Net Income Attributable to Leishen Energy was USD $8.10 million, reflecting a decrease of USD $3.76 million year-over-year.

    Segment Performance

    1. Clean-Energy Equipment
      • Revenue declined by 14.6% year-over-year, to USD $33.82 million, mainly due to reduced domestic orders amid tighter market competition and lower selling prices for certain common products. The segment contributed 49.0% of total revenues.
    2. Digitalization and Integration Equipment
      • Revenue was USD $3.08 million, reflecting a modest year-over-year decline. Gross margin improved to 18.2% as the Company continued to streamline costs and enhance efficiency.
    3. New Energy Sales
      • Revenue grew 11.3%, reaching USD $25.82 million, driven by increased demand for natural gas. The Company added a major new client in fiscal year 2024, contributing over USD $1.5 million in revenue.
    4. Oil and Gas Engineering Technical Services
      • Revenue was USD $6.35 million, representing a decrease of 8.4% from the prior year, due to intensified pricing pressure and customers adopting lower-cost operating models. Despite increased competition, the Company continues to develop new projects at home and abroad.

    Management Commentary

    “We are pleased to report that while Leishen Energy experienced year-over-year declines in revenue and profitability in fiscal 2024, we have strengthened our position in new energy sales and increased our presence in international markets,” said Hongliang Li, Chief Executive Officer of Leishen Energy. “The successful expansion of our customer base—particularly in overseas regions—and ongoing investments in research and development underscore our commitment to delivering innovative, high-performance energy solutions.”

    Zhiping Yu, Chief Financial Officer, added: “As we navigate near-term market pressures, we remain focused on cost optimization and strategic capital allocation. We believe our prudent balance sheet management, coupled with targeted investments in key growth areas, will help us enhance our financial performance and maintain sustainable returns for our shareholders in the years to come.”

    Business Outlook

    The Company aims to capitalize on the following growth drivers and strategic initiatives in fiscal year 2025 and beyond:

    • International Expansion: Continued pursuit of overseas projects in Central Asia, Southeast Asia, and the Middle East, including joint reserve warehouses of spare parts with major oilfields and new power plant operation and maintenance projects in Africa.
    • Technology and Innovation: Further investment in research and development to strengthen patented technologies, with 72 patents now held across clean-energy equipment, oil and gas engineering technical services, and new energy production and operation.
    • Customer Diversification: Ongoing efforts to deepen relationships with long-standing domestic clients while expanding the Company’s international customer pipeline, particularly in digitalization and integration equipment sales.
    • Operational Efficiencies: Enhancement of cost-control measures, rigorous supply chain management, and new supplier partnerships to mitigate inflationary pressures and disruptions.
    LEISHEN ENERGY HOLDING CO., LTD. AND SUBSIDIARIES
     
    CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
        2024     2023     Variance  
        Amount     % of
    revenue    		     Amount     % of
    revenue    		     Amount     %  
    Revenues   $ 69,073,374       100.0 %   $ 73,084,448       100.0 %   $ (4,011,074 )     (5.5 )%
    Cost of revenues     (53,038,855 )     (76.8 )%     (54,705,407 )     (74.9 )%     1,666,552       (3.0 )%
    Gross profit     16,034,519       23.2 %     18,379,041       25.1 %     (2,344,522 )     (12.8 )%
                                                     
    Operating expenses:                                                
    Selling and marketing     2,053,194       3.0 %     775,957       1.1 %     1,277,237       164.6 %
    General and administrative     5,979,890       8.7 %     5,553,912       7.6 %     425,978       7.7 %
    Research and development     449,542       0.7 %     158,657       0.2 %     290,885       183.3 %
    Total operating expenses     8,482,626       12.4 %     6,488,526       8.9 %     1,994,100       30.7 %
                                                     
    Income from operations     7,551,893       10.8 %     11,890,515       16.2 %     (4,338,622 )     (36.5 )%
                                                     
    Other income (loss):                                                
    Interest expense     (57,018 )     (0.1 )%     (67,964 )     (0.1 )%     10,946       (16.1 )%
    Exchange (loss) gains     (18,107 )     0.0 %     280,538       0.4 %     (298,645 )     (106.5 )%
    Gain from equity investment     81,150       0.1 %     80,616       0.10 %     534       0.7 %
    Net investment income     445,271       0.6 %     108,671       0.1 %     336,600       309.7 %
    Other expenses, net     171,845       0.2 %     71,850       0.0 %     99,995       139.2 %
    Total other income, net     623,141       0.8 %     473,711       0.6 %     149,430       31.5 %
                                                     
    Income before income taxes     8,175,034       11.6 %     12,364,226       16.8 %     (4,189,192 )     (33.9 )%
                                                     
    Provision for income taxes     184,818       0.3 %     729,506       1.0 %     (544,688 )     (74.7 )%
                                                     
    Net income     7,990,216       11.3 %     11,634,720       15.8 %     (3,644,504 )     (31.3 )%
    Net loss attributable to non-controlling interests     (105,655 )     (0.2 )%     (223,870 )     (0.3 )%     118,215       (52.8 )%
    Net income attributable to Leishen Energy Holding Co., Ltd.   $ 8,095,871       11.5 %   $ 11,858,590       16.1 %   $ (3,762,719 )     (31.7 )%
    LEISHEN ENERGY HOLDING CO., LTD. AND SUBSIDIARIES
     
    CONSOLIDATED BALANCE SHEETS 
     
      As of September 30,
      2024   2023
      US$   US$
    ASSETS              
    Current Assets:              
    Cash $ 5,811,798     $ 4,567,608  
    Restricted cash   1,489,216       –  
    Short-term investments   17,850,648       7,234,607  
    Accounts receivable, net   21,826,297       30,742,914  
    Notes receivable   1,054,528       1,304,004  
    Advance to suppliers, net   5,896,595       5,637,829  
    Inventories   5,396,634       7,877,202  
    Due from related parties   31,535       44,848  
    Loan receivable – related party   822,878       –  
    Prepaid expenses and other current assets, net   1,567,060       1,351,049  
    Total current assets   61,747,189       58,760,061  
                   
    Non-current assets:              
    Long-term investments   1,758,515       1,670,461  
    Deferred offering costs   437,653       271,155  
    Property and equipment, net   4,111,919       3,838,135  
    Intangible assets   140,070       152,901  
    Operating lease right-of-use assets, net   668,259       712,065  
    Loans receivable, non-current   725,699       –  
    Other non-current assets   44,746       52,351  
    Total non-current assets   7,886,861       6,697,068  
                   
    Total Assets $ 69,634,050     $ 65,457,129  
                   
    LIABILITIES AND EQUITY              
    Current Liabilities:              
    Short-term loans $ 50,899     $ 1,090,378  
    Accounts payable   10,731,238       11,758,870  
    Advance from customers   2,292,728       1,465,285  
    Taxes payable   3,418,725       2,755,661  
    Due to related parties   9,239,059       13,387,546  
    Operating lease liabilities   68,291       62,057  
    Other payables and other current liabilities   1,339,969       1,303,371  
    Total current liabilities   27,140,909       31,823,168  
                   
    Non-current Liabilities:              
    Long-term loans   1,127,380       49,676  
    Deferred tax liabilities, net   307,513       1,175,703  
    Operating lease liabilities, non-current   602,735       650,007  
    Total non-current liabilities   2,037,628       1,875,386  
                   
    Total Liabilities   29,178,537       33,698,554  
                   
    Equity:              
    Ordinary shares, par value $0.001 per share, 50,000,000 shares authorized; 15,500,000 shares issued and outstanding*   15,500       15,500  
    Subscription receivable   (15,500 )     (15,500 )
    Additional paid-in capital   1,617,966       1,617,966  
    Statutory reserves   1,690,994       1,565,649  
    Retained earnings   37,339,006       29,368,480  
    Accumulated other comprehensive loss   (861,374 )     (1,746,809 )
    Total equity attributable to Leishen Energy Holding Co., Ltd   39,786,592       30,805,286  
    Non-controlling interests   668,921       953,289  
    Total Equity   40,455,513       31,758,575  
                   
    Total Liabilities and Equity $ 69,634,050     $ 65,457,129  
                   

    About Leishen Energy Holding Co., Ltd.

    The Leishen Group was founded in 2007 and is a China-based provider of clean-energy equipment and integrated solutions for the oil and gas industry, with a commitment to providing customers with high-performance, safe and cost-effective energy solutions. Our major lines of business include (i) sale of clean-energy industry; (ii) new energy production and operation; (iii) digitalization and integration equipment; and (iv) oil and gas engineering technical services. At present, the Group holds more than 70 patents and software copyrights, forming a comprehensive ecosystem of core technical capabilities. Currently, our business operations have expanded beyond the PRC to Central Asia, and Southeast Asia, and our service abilities and quality have been widely recognized and praised by foreign customers. Efficient, safe and energy-saving equipment combined with professional technical services have enabled our brand to gain positive attention and recognition from our customers and enabled us to become a well-known equipment and services provider in the oil and gas industry. For more information, please visit the Company’s website: www.r-egroup.com.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s share offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the offering will be successfully completed. Investors can find many (but not all) of these statements by the use of words such as “aim”, “anticipate”, “believe”, “estimate”, “expect”, “going forward”, “intend”, “may”, “plan”, “potential”, “predict”, “propose”, “seek”, “should”, “will”, “would” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    For more information, please contact:

    Investor Relations

    Michael Wei
    Email:hwey@horizonconsultancy.co

    The MIL Network –

  • MIL-OSI: NextNRG Inc. Announces Fleet Fueling Agreement with Florida Beauty, a Division of Mogul Energy International, Inc., Supporting High-Demand Floral Logistics

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Feb. 18, 2025 (GLOBE NEWSWIRE) — NextNRG Inc. (“NextNRG” or the “Company”) (NASDAQ: NXXT), a pioneer in Artificial Intelligence and Machine Learning applications for energy solutions, today announced its fueling-division EzFill, has entered into a fleet fueling agreement with Florida Beauty, a division of Mogul Energy International, Inc. (OTCMARKETS: MGUY), a publicly traded company specializing in refrigerated logistics and the transportation of time- and temperature-sensitive cargo.

    This strategic collaboration highlights NextNRG’s focus on rapidly expanding its commercial fleet fueling services while providing additional shareholder value for both companies through operational synergies and innovative solutions. Under the agreement, NextNRG will deliver mobile fueling solutions to Florida Beauty’s fleet of over 200 semi-trucks and 300 refrigerated trailers.

    Florida Beauty is one of the nation’s largest floral logistics companies and plays a key role in the transportation of fresh-cut flowers and other perishable goods across the country. During peak season times, Florida Beauty anticipates more than 1,000 loads leaving its facilities in Miami, FL and Ventura CA to support flower distribution.

    As a high-volume carrier, Florida Beauty relies on efficient fueling logistics to maintain supply efficiency during high demand periods like Valentine’s Day and Mother’s Day, when supply chain reliability is critical.

    With floral imports exceeding 1.1 billion stems annually, according to U.S. Customs and Border Protection, a consistent fuel supply is essential for minimizing downtime and ensuring timely deliveries. Miami International Airport handles nearly 90% of the nation’s fresh-cut flower imports during peak seasons, making it a critical hub for floral logistics. NextNRG’s fleet fueling services help companies like Florida Beauty operate efficiently, reducing disruptions and optimizing delivery operations.

    “As one of the nation’s largest transporters of fresh-cut flowers arriving from South America to Miami, and with over 40 years of experience in nationwide floral logistics, we take great pride in streamlining our operations,” said Ronen Koubi, CEO of Mogul Energy International, Inc. “Florida Beauty spends approximately $12 million annually refueling its massive fleet. With NextNRG, we can significantly improve efficiency by having fuel delivered directly to us, saving time and labor costs while reducing operational disruptions. Additionally, we look forward to continuing discussions with NextNRG about the electrification of our fleet and the deployment of a smart microgrid and wireless charging solutions at our headquarters.”

    “This Agreement with Florida Beauty reflects the value of combining innovative fueling solutions with the needs of high-volume logistics providers,” said, Michael D. Farkas CEO and Executive Chairman of NextNRG. “By working together, we will help Florida Beauty maximize operational efficiency while reinforcing our commitment to delivering tailored solutions for industries where uptime and reliability are essential. This agreement brings significant value to both organizations, strengthening shareholder confidence and positioning NextNRG as the go-to fueling solution for fleet operators in perishable goods logistics.”

    About NextNRG, Inc. (f/k/a EzFill Holdings, Inc.)

    NextNRG Holding Corp. (NextNRG) and EzFill have merged to form a combined entity focused on renewable energy, mobile fueling, and next-generation energy infrastructure. By leveraging artificial intelligence (AI) and machine learning (ML) technologies, NextNRG is developing an integrated ecosystem that combines solar energy generation, battery storage, wireless electric vehicle (EV) charging, and on-demand fuel delivery.

    At the core of NextNRG’s strategy is 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.

    Following the merger with EzFill, NextNRG is integrating sustainable energy solutions into mobile fueling operations. The company will provide renewable energy to its fueling partners, supporting more efficient fuel delivery while advancing clean energy adoption. It continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility’s fuel division, further solidifying its position as a leader in the on-demand fueling industry.

    By combining renewable energy innovation with mobile fueling expertise, NextNRG is building a sustainable energy ecosystem that bridges traditional fuel needs with AI-powered clean energy solutions.

    The combined entity, NextNRG, trades under the symbol NXXT on the Nasdaq Capital Market. To find out more visit NextNRG.com.

    About Mogul Energy International, Inc.

    Mogul Energy International, Inc. (OTCMARKETS: MGUY), operating under the Florida Beauty brand, provides transportation, logistics, and warehouse consolidation and distribution services for perishable and other time- and temperature-sensitive cargo. With over 40 years of experience, Mogul Energy specializes in refrigerated long-haul, regional, and dedicated deliveries for industries such as floral, produce, plants, dairy, poultry, and meats, as well as dry, high-value commodities. Operating one of the largest floral transportation fleets in the U.S., Mogul Energy plays a vital role in the timely and efficient delivery of perishable goods.

    Forward-Looking Statements

    This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “hopes,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. Factors that may cause actual results to differ materially from current expectations include, among other things, those related to trade disputes, regulatory changes, or disruptions in the supply chain that could impact the floral logistics sector.

    Investor Relations Contact:
    Jeff Ramson, CEO
    PCG Advisory, Inc. 
    jramson@pcgadvisory.com

    The MIL Network –

  • MIL-OSI: BW Energy: Notification of trade by close associate to primary insider

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 18 February 2025: BW Energy Limited (the “Company“) has been informed that Meridian Finance Limited, a close associate to a primary insider in the Company, has purchased 85,000 bonds in the Company’s bond issue BW Energy Limited 24/29 10,00% USD, with ISIN NO0013259663, in the secondary market. Please see the attached notification form for further details.

    This information is subject to the disclosure requirements pursuant to article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

    For further information, please contact:
    Brice Morlot, CFO BW Energy
    ir@bwenergy.no

    Attachment

    The MIL Network –

  • MIL-OSI Security: Romanian Police Serve Dozens of Warrants Following Parallel Investigation with the FBI’s Los Angeles Field Office

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

    Romanian law enforcement officials conducted dozens of warrants this week in the Romanian counties of Brasov and Mures, following a parallel investigation with the FBI.

    The search warrants targeted locations suspected to have ties to an organized crime group engaged in ATM skimming in the United States and money laundering.

    During the operation, Romanian officials also detained several individuals for questioning and seized large amounts of cash, several vehicles, as well as skimming devices and associated instruments.

    “This group profited handsomely by targeting vulnerable EBT recipients who rely on funds to support their families and callously deprived victims of their basic needs,” said Akil Davis, the Assistant Director in Charge of the FBI’s Los Angeles Field Office. “This investigation is yet another example of FBI Agents working closely with our foreign partners to identify, disrupt and dismantle transnational criminal enterprises who enter the United States illegally for the sole purpose of conducting criminal activity.”

    Today’s operation is the culmination of a two-year investigation conducted by the FBI and Romanian authorities to dismantle the command and control of the Dorneanu Organized Crime Group: a transnational criminal organization whose members conduct ATM skimming operations in the United States and then launder the profits back to Romania.

    “These individuals targeted and stole from our community’s most vulnerable citizens,” said Acting United States Attorney Joseph T. McNally. “Working together with our local, federal, and international partners, we can and will continue to root out and punish transnational criminal organizations and protect the less fortunate and American taxpayers.”

    The subjects targeted in this investigation worked directly for, or were associated with, Mihai Dorneanu—the alleged leader of the Dorneanu Organized Crime Group. Five members of this organization were arrested by the FBI and convicted in the Central District of California with violations including conspiracy, bank fraud, aggravated identity theft, and visa fraud. Four others were arrested for state violations by local authorities in Ventura and San Bernardino Counties. As a result of ongoing efforts in this case to disrupt ATM skimmers in Southern California, law enforcement recovered over 8,500 stolen credit card numbers belonging to victims in the United States.

    The five federal defendants include the following:

    • Marius Oprea was sentenced to six years and three months in federal prison. U.S. Attorney Press Release
    • Dan Eugen Boar was sentenced to four years in federal prison.
    • Radu-Marian Moldovan was sentenced to time served in federal prison.
    • Attila Ravasz was sentenced to one year and three months in federal prison.
    • Andrei-Raul Cirilescu was sentenced to two years and four months in federal prison.

    A statement announcing the operation was also issued by Romanian authorities (translation available upon visiting page).

    The domestic investigation was conducted jointly by the Ventura County District Attorney’s Office; the San Bernardino County Human Services Fraud Investigation Unit; the Diplomatic Security Service; the Los Angeles Police Department; and the Los Angeles Sheriff’s Department. The federal defendants were prosecuted by the United States Attorney’s Office in Los Angeles.

    The FBI’s foreign partners include the Brașov Brigade for Combatting Organized Crime; prosecutors with the Directorate for the Investigation of Organized Crime and Terrorism—Brașov Territorial Service; and Europol.

    MIL Security OSI –

  • MIL-OSI: IndyKite Launches AI Control Suite to Redefine AI Security

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Feb. 18, 2025 (GLOBE NEWSWIRE) — IndyKite, a pioneer in data trust and AI enablement, today announced the launch of its AI Control Suite, a comprehensive set of capabilities designed to secure and govern AI-driven data operations.

    With this launch, IndyKite builds on its data trust and control platform capabilities, to bring three new products to market:

    • RagProtect ensures that only authorized users and applications can access specific data during the retrieval process.
    • AgentControl provides contextual, fine-grained authorization for agentic AI.
    • TrustScore allows the enterprise to score the risk of their data for trusted use in authorization decisions and query parameters.

    This new suite empowers enterprises to confidently harness AI while mitigating risks associated with data misuse and unauthorized data access.

    The introduction of the AI Control Suite represents a significant leap forward in enabling trust and secure control in AI-powered systems. With a focus on delivering fine-grained data control, contextual data governance, and secure data mobilization, IndyKite addresses some of the most pressing challenges enterprises face as they scale AI initiatives.

    “AI is transforming industries at an unprecedented pace, but enterprises need tools that provide not just innovation but also control and trust,” said Lasse Andresen, CEO of IndyKite. “With the AI Control Suite, we’re equipping businesses with the ability to secure data workflows, govern AI operations, and unlock the full potential of AI while safeguarding their most critical assets.”

    Andresen is former CEO and co-founder of ForgeRock, an identity and access management (IAM) solution provider and led the company through the startup phase to become an industry leader, with a $2.8 billion valuation at IPO. He is also a former CTO of Sun Microsystems.

    Driving innovation and trust in the AI era

    Enterprises increasingly recognize the need for robust control mechanisms in AI adoption, and IndyKite’s solutions uniquely combine advanced data governance, trust, and enablement to provide this foundation. With its identity-powered approach, IndyKite enables organizations to mobilize data securely and in compliance with regulatory requirements, delivering more efficient operations and bringing smarter, contextually-relevant products and applications to market.

    With the IndyKite Platform, businesses can use data across the following use cases:

    • Data capture and pipelines: Capturing both structured and unstructured data from across the organization and partner network. Surfacing full understanding of data lineage, driving confidence in its use, traceability and auditability.
    • Protecting retrieval-augmented generation (RAG): Providing fine-grained authorization to secure data access in the correct context, preventing unauthorized use and data leaks during AI driven interactions.
    • Agentic access control: Providing fine-grained authorization to AI agents, preventing unauthorized data access in autonomous workflows.
    • Proactive Prompt Defense: Real-time validation, entitlement checks, and threat detection at the prompt level to prevent unauthorized access, and data leakage before execution.
    • Governing data for AI use: Delivering unparalleled data quality and trust with provenance and specialized metadata, driving compliant use of data and enabling organizations to use AI with confidence.

    Industry Reaction

    The launch of the AI Control Suite has already garnered interest from enterprise leaders seeking to align their AI strategies with effective security and governance requirements.

    Emil Eifrem, CEO and founder of Neo4j said, “AI’s success depends on trust—trust in data, governance, and security. Enterprises need solutions that not only accelerate AI but ensure its responsible use by securing and mobilizing high-quality data at scale.”

    IndyKite recently joined Project CAMARA, a Linux Foundation open source community addressing telco industry API interoperability, and partnered with Deutsche Telekom to provide richer services to customers. It also has acquired 3Edges, a relationship-based dynamic authorization tool that authorizes access based on relationships between subjects, objects and actions, via graph database technology.

    About IndyKite

    IndyKite is transforming enterprise data management with identity-centric, graph-powered solutions that enable organizations to build trust in their data and AI systems. By delivering enhanced data visibility, governance, and control, IndyKite empowers enterprises to unlock the value of their data for secure and innovative applications.

    The company has raised a total of $10.5 million in pre-seed and seed financing. Investors include Alliance Ventures, Molten Ventures and SpeedInvest. Advisors to the company include Scott McNealy, Sun Microsystems co-founder.

    For more information, visit www.indykite.com.

    Media Contact

    Madi Olivé
    UPRAISE Marketing + Public Relations for IndyKite
    415.397.7600, indykite@upraisepr.com

    The MIL Network –

  • MIL-OSI: Grayscale Investments® Launches Grayscale® Pyth Trust

    Source: GlobeNewswire (MIL-OSI)

    STAMFORD, Conn., Feb. 18, 2025 (GLOBE NEWSWIRE) — Grayscale Investments®, a leading crypto asset management firm, offering more than 30 crypto investment products, today announced the creation and launch of Grayscale® Pyth Trust (the “Trust”).

    Grayscale® Pyth Trust offers exposure to PYTH, the governance token powering the Pyth network. By providing accurate and real-time data feeds, Pyth plays a crucial role in the Solana ecosystem and is poised to thrive alongside Solana’s growth. An impressive 95%* of decentralized applications (dApps) on Solana rely on Pyth’s price feeds, highlighting its significance and strong market position.

    “The Pyth network plays one of the most significant roles in the Solana ecosystem,” said Grayscale’s Head of Product & Research, Rayhaneh Sharif-Askary. “By introducing Grayscale Pyth Trust, we aim to give investors access to additional higher-beta and higher-upside opportunities associated with the continued growth of Solana.”

    The Trust is now open for daily subscription by eligible individual and institutional accredited investors.** The Trust functions like Grayscale’s other single-asset investment trusts, and is solely invested in the token underpinning the Pyth protocol.

    This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

    *https://kpi.pyth.network/

    **Grayscale’s private placements are only available to Accredited Investors as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended. Most individuals are not Accredited Investors. For additional information on Accredited Investors and their qualifications please consult https://www.sec.gov/newsroom/speeches-statements/spch121714laa

    Grayscale intends to attempt to have shares of new products quoted on a secondary market. However, there is no guarantee that Grayscale will be successful. Although the shares of certain products have been approved for trading on a secondary market, investors in the new products should not assume that the shares will ever obtain such an approval due to a variety of factors, including questions regulators, such as the SEC, FINRA, or other regulatory bodies may have regarding such products. As a result, shareholders of such products should be prepared to bear the risk of investment in the shares indefinitely. To date, certain products have not met their investment objective, and the shares of such products quoted on OTC Markets have not reflected the value of the digital assets held by such products, less such products’ expenses and other liabilities, but have instead traded at a premium over such value, which at times has been substantial. There have also been instances where the shares of certain products have traded at a discount.

    Private placement securities are speculative, illiquid, and entail a high level of risk, including the risk that an investor could lose their entire investment. The Pyth protocol was relatively recently conceived and the Pyth protocol and its particular underlying technological mechanisms may not function as intended, which could have an adverse impact on the value of PYTH and an investment in the Shares.

    Extreme volatility of trading prices that many digital assets have experienced in recent periods and may continue to experience, could have a material adverse effect on the value of the Trust and the shares could lose all or substantially all of their value.

    About Grayscale Investments®

    Grayscale enables investors to access the digital economy through a family of future-forward investment products. Founded in 2013, Grayscale has a decade-long track record and deep expertise as an asset management firm focused on crypto investing. Investors, advisors, and allocators turn to Grayscale for single asset, diversified, and thematic exposure. For more information, please follow @Grayscale or visit grayscale.com.

    Media Contact

    press@grayscale.com

    Client Contact

    866-775-0313

    info@grayscale.com

    The MIL Network –

  • MIL-OSI: Varonis Wins SiliconANGLE Media’s Tech Innovation CUBEd Award

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Feb. 18, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS) announced it has been named the winner of SiliconANGLE Media’s inaugural 2025 Tech Innovation CUBEd Awards in the Top Data Protection Innovation category.

    Varonis for Microsoft 365 Copilot was recognized as a groundbreaking solution that demonstrates significant innovation in safeguarding data in the age of AI. Varonis tracks user interactions with Copilot in real time, flags unusual prompts and data access, and removes improper access to sensitive data by both humans and AI agents.

    “We are honored to receive the Top Data Protection Innovation award for our gen AI copilot advancements,” said Varonis Field CTO Brian Vecci. “AI is rapidly transforming the way work gets done, but many organizations can’t move forward because they can’t find and secure their most critical data. With our Data Security Platform, customers are adopting AI safely and confidently by removing exposure and allowing safe usage.”

    “The winners of our inaugural Tech Innovation CUBEd Awards represent some of the boldest thinkers and determined innovators in the tech industry,” said Dave Vellante, co-founder and co-CEO of SiliconANGLE Media. “Each person, company and product honored has proven that true breakthroughs happen when we dare to challenge traditional conventions and pursue ambitious visions.”

    “Today, we honor excellence across the full spectrum of innovation—from the visionary leaders who inspire us, to groundbreaking products that transform industries, to the companies that make it all possible,” said John Furrier, co-founder and co-CEO of SiliconANGLE Media. “Our awards program celebrates the courage to think differently, the persistence to overcome obstacles, and the vision to transform bold ideas into real-world impact.”

    For more information visit https://www.thecube.net/awards. 

    About SiliconANGLE Media

    SiliconANGLE Media is a recognized leader in digital media innovation, bringing together cutting-edge technology, influential content, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — such as those established in Silicon Valley and the New York Stock Exchange (NYSE) — SiliconANGLE Media transforms the way technology companies connect with their target markets. Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a powerful ecosystem of industry-leading digital media brands, with a reach of 10+ million elite tech professionals, 4+ million SiliconANGLE readers and 250,000+ social media subscribers. The company’s new, proprietary theCUBE AI LLM is breaking ground in audience interaction, leveraging CUBE365’s neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.

    About Varonis

    Varonis (Nasdaq: VRNS) is a 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), 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: Schurz Communications Appoints Austin Cook as Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    MISHAWAKA, Ind., Feb. 18, 2025 (GLOBE NEWSWIRE) — Schurz Communications, Inc. (“Schurz”) today announced that Austin Cook has been appointed Chief Financial Officer (CFO).

    As CFO, Cook will oversee financial strategy and operations for Schurz. He will direct all aspects of the company’s finance organization and work with Schurz’s portfolio companies as well as the board of directors on strategic projects. Cook previously served as the CFO of Schurz’ cloud business OTAVA and has been Schurz’ interim CFO since 2024. He will remain aligned with OTAVA, delivering strategic support.

    “Austin has been a part of the Schurz family for nearly six years delivering significant contributions to the leadership team,” said John Reardon, President and CEO of Schurz Communications. “Austin’s initiative, drive, and supportive mindset make him a strong leader for the business. We are thrilled to work with him in this expanded role.”

    Cook is a seasoned finance leader with more than a decade of experience. He joined Schurz’ cloud service provider OTAVA in 2019 where he has held multiple finance roles, including Vice President of Finance, Controller, and most recently CFO. Prior to OTAVA, Cook served as Controller at ForeSee, where he oversaw all aspects of accounting and finance. Earlier in his career, he held other accounting roles and was an adjunct professor at Concordia University in Ann Arbor, Michigan.

    “Schurz Communications is an outstanding organization with deep roots, strong financial backing, and time-honored leaders,” said Cook. “With a focus on broadband and cloud technology, Schurz has a clear vision for the future, and I am excited to be part of the team creating ongoing growth, advancement, and innovation in areas that matter most to today’s customers.”

    Austin is a Certified Public Accountant (CPA) and Certified Management Accountant (CMA). He holds a B.B.A. in Accounting from Concordia University and an MBA in Accounting from Liberty University.

    About Schurz Communications
    Schurz is a family-owned corporation that has been helping businesses, communities and individuals make meaningful connections for five generations. The Schurz legacy began in newspaper publishing, radio, and television, and today, the company remains committed to making information more accessible through the platforms and technology of the digital age. Schurz Communications’ recent investments include regional broadband companies and cloud managed services providers, and the company’s portfolio also includes a variety of minority investments. For more information, visit: www.schurz.com.

    The MIL Network –

  • MIL-OSI: LPL Financial Launches Planning Tools to Help Advisors Provide Personalized Service for Business Founders and CEOs

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Feb. 18, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC, a leader in the wealth management industry, is expanding its portfolio of high-net-worth services with the launch of business planning tools designed to help its network of nearly 29,000 financial advisors provide personalized support to their clients who are Chief Executive Officers (CEOs) and/or have founded their own businesses.

    There are more than 33 millioni small businesses in the U.S., and more than halfii of all private employer business owners are over the age of 55. Additionally, it’s estimated that approximately 12 millioniii of those firms will be sold over the next decade, and most small business owners do not have a succession plan in place.

    Through this new offering, advisors are connected with a certified business exit planner who supports the business owner’s needs and serves as a liaison to vetted banking partners. This full-service experience is designed to meet the discerning needs of advisors and differentiate the value they provide to their entrepreneurial clients.

    “CEOs and founders have worked incredibly hard to build their businesses and deserve the highest caliber of planning and advice,” said Jen Hollers, senior vice president and head of high-net-worth services at LPL Financial. “Through relationships with trusted investment banks, we enable LPL advisors to offer their business-owner clients a full-service experience, helping them strategize, scale, and, when the time is right, pursue an optimized sale.”

    LPL offers a range of specialized planning services tailored to address the complex needs of high-net-worth and ultra-high-net-worth clients, including:

    • Case consultations
    • Advanced planning
    • Estate and philanthropic planning
    • Tax planning
    • Business planning

    For more information about this new offering, financial advisors can visit High-Net-Worth Services for Advisors.

    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.

    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.

    Media Contact: 
    Media.relations@LPLFinancial.com 
    (402) 740-2047 

    Tracking #: 697285

    ________________________
    i    https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-US.pdf
    iihttps://www.sbc.senate.gov/public/index.cfm/2024/1/shaheen-convenes-hearing-on-small-business-succession-planning
    iiihttps://www.score.org/princeton/resource/blog-post/current-rise-small-businesses-being-sold-over-next-10-15-years

    The MIL Network –

  • MIL-OSI: Eos Energy Enterprises Announces Date for Fourth Quarter and Full Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    EDISON, N.J., Feb. 18, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), America’s leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage systems sourced and manufactured in the United States, today announced it will release its fourth quarter and full year 2024 financial results after the U.S. market closes on March 4, 2025. A conference call to discuss its results will take place the following morning on March 5 at 8:30 a.m. Eastern Time.

    Eos is now partnering with Say Technologies to allow retail and institutional shareholders to submit and vote on questions ahead of the earnings call. A selection of key questions applicable to the broad investor base will be addressed live during the call, offering shareholders an opportunity to engage with Eos management.

    Starting on February 25, 2025, at 8:00 a.m. ET, registered shareholders will be able to submit questions via the Say Technologies Q&A Platform, which will remain open until 8:00 a.m. ET on March 3, 2025. For any support inquiries shareholders may email support@saytechnologies.com.

    Registration Information

    The live webcast of the earnings call will be available on the “Investor Relations” page of the Company’s website at Eos Investors or may be accessed using this link (registration link). To avoid delays, we encourage participants to join the conference call fifteen minutes ahead of the scheduled start time.

    The conference call replay will be available via webcast through Eos’ investor relations website for twelve months following the live presentation. The webcast replay will be available from approximately 11:30 a.m. ET on March 5, 2025, and can be accessed by visiting Eos Investors

    About Eos Energy Enterprises

    Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, efficient, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3 to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.

    Forward Looking Statements

    Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our path to profitability and strategic outlook, statements regarding our capital needs to support project AMAZE, statements regarding the anticipated use of proceeds from the delayed draw term loan with Cerberus, and statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “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. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

    Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future, including the discretionary revolving facility from Cerberus; risks associated with the credit agreement with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers’ ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; uncertainties around our ability to meet the applicable conditions precedent to funding under the DOE loan; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; risks resulting from the impact of global pandemics, including the novel coronavirus, Covid-19; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties.

    The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company’s most recent filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release.

    Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    The MIL Network –

  • MIL-OSI: Onfolio Holdings Inc. Releases Shareholder Letter

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Del., Feb. 18, 2025 (GLOBE NEWSWIRE) — Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (OTC: ONFOP) (the “Company” or “Onfolio”), a company that acquires and manages a diversified portfolio of online businesses, today announced that its chairman and chief executive officer released the following letter to Onfolio shareholders.

    A longer version as part of a “2024 In Review” piece has been posted on the Company’s corporate website at https://onfolio.com/2024-in-review.

    Dear Shareholders,

    What a difference a year makes.

    Looking back on 2024, I’d like to reflect on our journey and progress in light of our original thesis. We started with four key beliefs:

    1. There are hundreds or thousands of profitable online businesses undervalued due to idiosyncratic risks or suboptimal operations.
    2. Aggregating these businesses reduces individual risk, strengthening the portfolio.
    3. Our operational expertise enables us to run and grow these businesses more effectively than their previous management.
    4. Our public company status allows us to access capital at costs lower than the returns generated by our acquisitions.

    In 2024, we made significant strides in all these areas.

    1. Strategic Acquisitions Strengthened Our Portfolio

    We acquired three new businesses, adding eight revenue streams and $6M in revenue:

    • RevenueZen (RZ) (January 2024): A content marketing agency with $1.4M revenue and $227K net profit. RZ retained its entire team post-acquisition, enhancing operational expertise across our portfolio. This acquisition demonstrated our ability to structure deals with minimal upfront cash, utilizing promissory notes, preferred shares, and seller financing.
    • DDSRank (July 2024): A niche SEO agency for dentists ($500K revenue, $200K net profit). Funded via one of our our SPV funds, preferred shares, and seller notes, requiring minimal Onfolio cash.
    • Eastern Standard (ES) (October 2024):  A digital marketing agency well known in the health and education industries, with $4MM revenue and $630K net profit. This was structured similarly to DDSRank, with SPV fund participation enabling us to secure a majority stake while preserving capital.

    Each acquisition reinforced our ability to execute capital-efficient deals while improving operational efficiency.

    2. Evolving Our Operating Model

    Effective post-acquisition management is key to our success. While we initially operated as a centralized entity and later decentralized entirely, in 2024, we adopted a hybrid model;“centralized strategy, decentralized execution.” This allows portfolio company leaders to focus on their strengths while benefiting from Onfolio’s shared expertise, strategic oversight, and best practices.

    This approach enhances operational efficiency, accelerates growth, and enables acquired businesses to maintain and expand profitability. It also allows us to actively participate in strategic hiring, key decision-making, and resource allocation, maximizing value creation across our holdings.

    3. Expanding Our Capital Strategy with SPVs

    In March 2024, we launched SPVs (Special Purpose Vehicles), allowing accredited investors to co-invest in acquisitions. This proved instrumental in funding DDSRank and ES, enabling us to secure valuable businesses while preserving Onfolio’s cash. While SPVs involve higher capital costs due to equity sharing, they provide an effective solution for funding accretive deals without reliance on traditional debt markets.

    For SPV investors, this offers exposure to specific online businesses with a clear return profile, albeit with higher risk and less diversification than Onfolio itself. While not a long-term strategy, SPVs will remain part of our acquisition playbook in 2025, alongside preferred shares.

    4. Quoting Our Preferred Shares on OTCQB

    A major milestone was quoting our preferred shares on OTCQB, providing liquidity for early investors and expanding access for new ones. Each share pays a $3 annual dividend, appealing to income-focused investors. Since 2022, we’ve raised $1.5M in preferred share financing and issued $3M of preferred shares as part of acquisition financing.

    This liquidity should drive demand, potentially allowing us to raise capital more efficiently in 2025 at a lower cost (12%) than SPVs. We anticipate growing this funding channel, unlocking further acquisition opportunities with minimal dilution.

    On the Verge of Profitability

    Throughout 2024, we have significantly reduced our losses and we now appear to be essentially at profitability. We’ve reached a position where we can continue operations without requiring additional fundraising or acquisitions to achieve profitability, yet we will continue to pursue both because they accelerate our growth and long-term value creation. With this foundation, we expect to move firmly into sustained profitability in the near term.

    Looking Ahead to 2025

    With our acquisition model validated, capital access expanded, and operational efficiencies improving, 2025 promises even greater momentum. Our roadmap is clear:

    • Continue acquiring high-quality businesses, where synergies create exponential value.
    • Expand capital raising efforts, leveraging preferred shares and SPVs.
    • Further optimize operations, scaling our playbook for sustained growth.

    If we execute well, we anticipate achieving significant profitability in the near term, reinforcing our ability to deliver compounded returns for our shareholders.

    Onward to an even stronger 2025.

    About Onfolio Holdings

    Onfolio acquires and manages a diversified portfolio of online businesses. Onfolio acquires business that meet its investment criteria, being that such businesses operate in sectors with long-term growth opportunities, have positive and stable cash flows, face minimal threats of technological or competitive obsolescence and can be managed by our existing team or have strong management teams largely in place. The Company excels at finding acquisition opportunities where the seller has not fully optimized their business, and Onfolio’s experience and skillset allows it to add increased value to these existing businesses. Visit www.onfolio.com for more information.

    Safe Harbor Statement

    The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continues,” “estimates,” “projects,” “intends,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, those events and factors described by us in Item 1.A “Risk Factors” in our most recent Form 10-K and Form 10-Q; other risks to which our Company is subject; other factors beyond the Company’s control. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. 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 Contact

    investors@onfolio.com

    The MIL Network –

  • MIL-OSI Security: Cochrane — Cochrane RCMP arrest and charge two prolific offenders

    Source: Royal Canadian Mounted Police

    During Dec. of 2024, the Cochrane RCMP Crime Reduction Unit with assistance from the Southern Alberta General Investigation Section, monitored the release of two prolific offenders. Within just a few days after release, both offenders committed an Armed Robbery and stole a motor vehicle. RCMP soon located one offender in a stolen vehicle on Stoney Nakoda who then dangerously fled from Police. Police tracked the offender to a residence in Calgary and with assistance from Calgary Police Service, the offender was successfully arrested without incident.

    Later in the same month, Canmore RCMP responded to a break and enter where the second offender fled from police in a stolen vehicle. The police later located the offender on foot but he fled. The offender deployed bear spray at the officer but with assistance from the RCMP Police Dog Services, the offender was quickly apprehended. The officer was not injured.

    As a result of the investigation, the RCMP recovered a stolen shotgun and four stolen vehicles. The two offenders were charged with a combined total of 27 Criminal Code offences.

    A 26-year-old individual, a resident of Stoney Nakoda First Nation, was charged with:

    • Robbery with a Firearm;
    • Flight from Police;
    • Dangerous Operation of a Motor Vehicle;
    • Theft of a Motor Vehicle;
    • Possession of Property Obtained by Crime over $5000;
    • Three counts of Uttering Threats; and
    • Five Counts of Failing to Comply with a Probation Order.

    A 28-year-old individual, a resident of Stoney Nakoda First Nation, was charged with:

    • Robbery with a Firearm;
    • Pointing a Firearm;
    • Flight from Police;
    • Assault with a Weapon;
    • Assault on a Police Officer;
    • Possession of Property Obtained by Crime over $5000;
    • Theft of a Motor Vehicle;
    • Three counts of Uttering Threats
    • Two counts of Unauthorized Possession of a Firearm; and
    • Two counts of Possession of a Firearm Contrary to an Order.

    Inspector Dave Brunner of the Cochrane RCMP said “We not only patrol the streets, but also patrol the patterns. We are here to identify, monitor, arrest and break the cycle of prolific offenders.” Both offenders have been remanded into custody and await court appearances.

    If you have any information regarding a crime, please contact Cochrane RCMP at 403-851-8000 or your area of jurisdiction. If you wish to remain anonymous, you can contact Crime Stoppers at 1-800-222-8477 (TIPS), online at www.P3Tips.com or by using the “P3 Tips” app available through the Apple App or Google Play Store. To report crime online, or for access to RCMP news and information, download the Alberta RCMP app through Apple or Google Play.

    MIL Security OSI –

  • MIL-OSI Security: Airdrie — Airdrie RCMP successful in crime reduction operation

    Source: Royal Canadian Mounted Police

    Between the dates of Oct. 1, 2024 and Oct. 11, 2024, the Airdrie RCMP Crime Reduction Unit, with the assistance of the Airdrie General Investigations Section and Special Investigations Units, conducted an enhanced crime reduction operation. Strategies included targeting high crime hot spots, as well as individuals remaining on outstanding arrest warrants in the city of Airdrie and Rocky View County.

    As a result of this proactive operation, the following actions were completed:

    • 30 warrants were executed
    • 39 criminal code charges laid
    • 6 firearms and 1 military ordinance were seized
    • 2 stolen vehicles were recovered
    • 4 oz of a controlled substance, Cocaine, was seized

    MIL Security OSI –