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Category: Finance

  • MIL-OSI Global: For many Latter-day Saints, America has a special relationship with God − but Christian nationalism is a step too far

    Source: The Conversation – USA – By Nicholas Shrum, Doctoral Student in Religious Studies, University of Virginia

    Patriotism and faith can weave together in complicated ways − but when does that count as ‘Christian nationalism’? RiverNorthPhotography/iStock via Getty Images Plus

    On the verge of the 2024 elections, Donald Trump and Kamala Harris are ramping up their campaigns in Arizona and Nevada. Beyond being considered swing states, the two have something else in common: Latter-day Saint voters.

    About 5% to 10% of Arizonans and Nevadans belong to the Church of Jesus Christ of Latter-day Saints – among the highest percentages in the country, outside of Utah and Idaho. For decades, a steep majority of Latter-day Saints, often called Mormons, were regarded as reliable Republican voters. But the Trump era has tested that alliance, especially when it comes to many of his backers’ support for Christian nationalism.

    Christian nationalism is often described as the belief that American identity and Christianity are deeply intertwined and, therefore, the U.S. government should promote Christian-based values. Using questions such as whether “being Christian is an important part of being truly American,” a Public Religion Research Institute poll in 2024 found that about 4 in 10 Latter-day Saints nationwide are at least sympathetic to Christian nationalist ideas, if not clear “adherents.” This was the third-highest rate among religious groups, behind white evangelicals and Hispanic Protestants.

    Yet the report also found a seeming contradiction. Utah, home to the church’s headquarters, “is the only red state in which support for Christian nationalism falls below the national average.”

    As a scholar of Mormonism and nationalism, I believe the church’s history and beliefs help explain why so many members wrestle with Christian nationalist ideas – and that this complexity illustrates the difficulty of defining Christian nationalism in the first place. America is sacred in Latter-day Saint doctrine: both the land itself and its constitutional structures. But as a minority that has often faced discrimination from other Christians, the church displays profound skepticism about combining religion and state.

    Sacred space

    The Book of Mormon – one of the church’s key scriptures, alongside the Bible – describes the Americas as “choice above all other lands” and provides an account of Jesus Christ visiting ancient civilizations there after his resurrection.

    In addition, Latter-day Saint doctrine considers the United States’ government to be divinely inspired. In 1833 the church’s founder, Joseph Smith, dictated a revelation wherein God declared “I established the Constitution of this land, by the hands of wise men whom I raised up for this very purpose.”

    In the 1830s, Latter-day Saints migrated from New York and Ohio to western Missouri, where they believed themselves divinely commanded to build a sacred city called Zion. By the end of the decade, however, they had been forced out of Missouri by mob violence and an order from the governor, who called for the group to be “exterminated or driven from the State.”

    Church members fled to neighboring Illinois, then began a long trek west after Smith’s death in 1844. The first pioneers reached Utah Territory in 1847, where they set up a society shaped by their beliefs – including, most famously, the practice of plural marriage. But when Utah applied for statehood, tensions with the federal government mounted.

    Congress enacted anti-polygamy legislation that seized some church property, imprisoned more than 1,000 church members, disenfranchised anyone who supported the practice, and revoked Utah’s 1870 decision to give women the right to vote.

    A photo of Utah polygamists in prison, taken around 1889 by Charles Roscoe Savage.
    Harold B. Lee Library, Brigham Young University, via Wikimedia Commons

    By 1896, church leaders had begun the process of ending plural marriage, and Utah was admitted to the union. Latter-day Saints also adopted the two-party system and embraced free-market capitalism, giving up their more insular and communal system – adapting to dominant ideas of what it meant to be properly American.

    Constitutional patriots

    These experiences tested Latter-day Saints’ faith in the U.S. government – particularly its failure to intervene as members were forced out of Missouri and Illinois. Nevertheless, church doctrine emphasizes duty to one’s country. One of the church’s 13 Articles of Faith explains that “we believe in being subject to kings, presidents, rulers, and magistrates, and in obeying, honoring, and sustaining the law.”

    Latter-day Saints have “a unique responsibility to uphold and defend the United States Constitution and principles of constitutionalism,” as Dallin H. Oaks, a member of the church’s highest governing body, said in 2021.

    I would argue that beliefs in the country’s divine purpose and potential, and the close relationship between faith and patriotism, may illuminate Latter-day Saint sympathy for Christian nationalist ideas. Yet the church’s previously fraught relations with the federal government, and with wider American culture, help explain why a majority of Latter-day Saints remain skeptical of Christian nationalism.

    For much of the 19th and 20th centuries, hostility against the church was so high and widespread that if the U.S. had declared itself a Christian nation, Latter-day Saints would likely have been excluded – and around one-third of Americans still do not consider them “Christian.” According to a 2023 Pew survey, only 15% of Americans say they have a favorable impression of Latter-day Saints, while 25% report unfavorable views.

    Latter-day Saint leaders believe they have a right to exert moral influence on public policy. But the church’s awareness of its own precarious position in U.S. culture has made it wary of policies that put some people’s religious freedom above others.

    Church members wait for The Church of Jesus Christ of Latter-day Saints’ biannual general conference to begin on Oct. 5, 2024, in Salt Lake City, Utah.
    AP Photo/Hannah Schoenbaum

    A step too far

    This wariness has also shaped Latter-day Saint culture’s inclination to avoid extremes. After decades of being marginalized for practices considered radical, the modern church and its adherents have walked a delicate tightrope. And for many, Christian nationalism and the candidate many adherents put their hope in – Donald Trump – seem a step too far.

    Over the past half-century, Latter-day Saints tended to align politically and culturally with conservative Catholics and evangelicals. On balance, the church remains highly conservative on social issues, especially gender and sexuality, and 70% of its American members lean Republican. However, more younger Latter-day Saints have much more progressive views – and even the leadership has parted ways with the GOP on some issues, such as strict immigration proposals. While the church opposes “elective abortion,” it allows for several exceptions.

    During the 2016 election, only about half of the church’s members voted for Trump; 15% voted for Evan McMullin, a Latter-day Saint who positioned himself as a moderate choice between Trump and Hillary Clinton. In 2020, Trump garnered about 7 in 10 Latter-day Saint votes.

    During congressional hearings about the Jan. 6, 2021, attack on the U.S. Capitol, Arizona House Speaker Russell “Rusty” Bowers, who resisted pressure from the Trump administration to recall the state’s electors, cited his Latter-day Saint beliefs. “It is a tenet of my faith that the Constitution is divinely inspired,” Bowers said, explaining his refusal to go along with the scheme.

    Arizona House Speaker Rusty Bowers, left, is sworn in before testimony at the Capitol on June 21, 2022, alongside Georgia Secretary of State Brad Raffensperger and Georgia Deputy Secretary of State Gabriel Sterling.
    AP Photo/J. Scott Applewhite

    In June 2023, church leaders issued a statement against straight-ticket voting, saying “voting based on ‘tradition’ without careful study of candidates and their positions on important issues is a threat to democracy.”

    Holy purpose

    Ever since the Puritans, many people in what became the United States have believed God has a special plan for their society – part of the same current that drives Christian nationalism today.

    Latter-day Saints, however, have a specific vision of that plan. According to the church’s teachings and scriptures, the country’s establishment was a necessary step toward restoring the “only true and living church” – their own. And that church is a global one, not just American. More than half of all Latter-day Saints today live outside the U.S.

    Ultimately, Latter-day Saint teachings consider America’s story part of a greater goal: ushering in the second coming of Jesus Christ. As the church’s name suggests, Latter-day Saints believe that they are living in the last days, just before the millennial reign of Jesus – a kingdom where national and political distinctions melt away.

    But as with all other churches, its members live in the current day, where political, cultural and social realities shape how they interact with the world around them – and how they vote.

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

    – ref. For many Latter-day Saints, America has a special relationship with God − but Christian nationalism is a step too far – https://theconversation.com/for-many-latter-day-saints-america-has-a-special-relationship-with-god-but-christian-nationalism-is-a-step-too-far-228594

    MIL OSI – Global Reports –

    January 25, 2025
  • MIL-OSI Europe: Corruption risk assessment in focus of OSCE seminar in Turkmenistan

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: Corruption risk assessment in focus of OSCE seminar in Turkmenistan

    Participants during an OSCE-organized seminar on interagency co-operation and co-ordination in corruption risk assessment, Ashgabat, 23 October 2024, OSCE (OSCE) Photo details

    Interagency co-operation and co-ordination in corruption risk assessment and implementation of the United Nations Convention Against Corruption’s (UNCAC) were addressed at an OSCE-organized seminar that took place in Ashgabat on 23 and 24 October 2024.
    The seminar presented best practices of OSCE participating States in strengthening inter-agency co-operation in preventing and combating corruption.
    An international expert from Moldova provided the participants with a comprehensive overview of the principles and requirements of the United Nations Convention against Corruption and of the process of self-assessment of the implementation of the Convention.
    “Corruption, as a key threat to good governance, democratic processes and fair business practices, also poses a major impediment to progress in trade and connectivity,” said Olivera Zurovac-Kuzman, Economic and Environmental Officer of the OSCE Centre in Ashgabat.
    “The OSCE Centrе in Ashgabat is actively collaborating with the Government of Turkmenistan on anti-corruption and related issues and stands ready to support efforts to improve public administration, promote transparency and accountability, and foster inter-agency co-operation and co-ordination in preventing and combating corruption,” stressed Zurovac-Kuzman.
    Participants shared their views on how to enhance inter-agency co-operation and co-ordination of actions on key areas of the UN Convention against Corruption and examined parallel financial investigations as a tool to counteract and fight corruption. Special attention was paid to identification, tracing and seizure of criminal assets, pre-seizure planning and management of seized and confiscated assets.
    The two-day event brought together representatives of Ministry of Finance and Economy Turkmenistan, Ministry of Adalat (Justice), State Customs Service, Central Bank, and Mejlis (Parliament), as well as the Union of Industrialists and Entrepreneurs and other relevant institutions.

    MIL OSI Europe News –

    January 25, 2025
  • MIL-OSI Security: Former Eagle Pass Police Officer Sentenced to 10 Years in Federal Prison for Operating Human Smuggling Stash Houses

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

    DEL RIO, Texas – An Eagle Pass woman, who had served as a police detective, was sentenced in a federal court in Del Rio to 120 months in prison for her role in a conspiracy to harbor undocumented noncitizens for a human smuggling organization (HSO).

    According to court documents, Hazel Eileen Diaz, 54, rented out multiple properties she owned in Eagle Pass to assist in harboring undocumented noncitizens between September 2020 and August 2021. Diaz would often travel to the properties where the migrants were being held to collect rent payments. An investigation revealed that, in total, nearly 200 migrants were smuggled by the HSO Diaz worked for, and that she had received approximately $36,916 in cash and money service business transfers, much of which were proceeds from human smuggling. At the time of her arrest, she was in possession of $23,522 in cash from the smuggling operation.

    Co-defendant Tomas Alejandro Mendez pleaded guilty on July 11, 2022 to one count of conspiracy to harbor illegal aliens. He is scheduled to be sentenced Jan. 13, 2025. Co-defendant Paola Nikole Cazares was sentenced Oct. 11, 2023 to 63 months in prison for the same offense with credit for time served since Aug. 26, 2021. Mendez and Cazares worked with Diaz to operate her properties as stash houses.

    In addition to imprisonment, Diaz will serve three years of supervised release, pay a $10,000 fine and money judgement of $237,600, and she will forfeit three properties, a truck, and $23,522.

    U.S. Attorney Jaime Esparza for the Western District of Texas made the announcement.

    The FBI, Homeland Security Investigations, the U.S. Border Patrol, and the Texas Department of Public Safety investigated the case.

    Assistant U.S. Attorney Holly Pavlinski prosecuted the case.

    ###

    MIL Security OSI –

    January 25, 2025
  • MIL-OSI: LPL Financial Welcomes Dougherty, Tedesco & Associates

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 24, 2024 (GLOBE NEWSWIRE) — LPL Financial LLC, announced today that the financial advisors at Dougherty, Tedesco & Associates have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $800 million in advisory, brokerage and retirement plan assets,* and join LPL from Osaic.

    Founded in the early 1980s by Charlotte Dougherty, CFP®, the business has evolved over the years to into a holistic wealth management firm and cornerstone of the greater Cincinnati area. Now under the leadership of advisors Andrew Tedesco, CFP®, and John Dougherty, III, MBA, CFP®, CRPC®, the firm offers a comprehensive range of wealth advisory services, including financial planning, investment management, retirement planning and estate planning. The team also includes Registered Sales Assistant John Dougherty, Jr., Director of Client Services Caitlin Ackerman and support staff members Rita Anno and Ben Verchick.

    “Our mission is to lead clients to a more secure financial future, supporting them step by step through life’s various stages,” said John Dougherty, III, noting they primarily serve corporate executives, engineers and medical practitioners. “We take a team approach to providing customized strategies as we explore every avenue to help optimize the client’s success. Throughout the financial planning process, we never lose sight of one essential element: personal service.”

    The transition to LPL Financial represents a calculated move for Dougherty, Tedesco & Associates, positioning the firm to deliver more customized solutions and elevated client services.

    “We are excited to join LPL Financial and leverage its robust platform to provide clients with more holistic, tailored experiences,” Tedesco said. “LPL’s comprehensive platform, advanced technology and substantial resources will give us more flexibility to respond to the diverse needs of our client base. Additionally, LPL’s size, strength and commitment to innovation align with our own values and aspirations for growth. We’re confident in our ability to expand our business and fulfill our commitment to providing exceptional care to help clients navigate their financial journeys with confidence.”

    Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome Dougherty, Tedesco & Associates to the LPL community and look forward to supporting the growth of their firm. LPL is committed to delivering robust resources, strategic business solutions and innovative capabilities that can help this team and all of our advisors differentiate their practice and be successful at every stage of their business’ lifecycle.”

    Related

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

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that LPL should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional. At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.

    Securities and Advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor. Member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States. Dougherty, Tedesco & Associates and LPL are separate entities.

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

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

    *Value approximated based on asset and holding details provided to LPL from end of year, 2023.

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

    Tracking #646723

    The MIL Network –

    January 25, 2025
  • MIL-OSI: Phunware Announces Retirement of CEO Mike Snavely and Appoints Stephen Chen as Interim CEO

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, Oct. 24, 2024 (GLOBE NEWSWIRE) — Phunware, Inc. (NASDAQ: PHUN), a leader in cloud enterprise solutions for mobile applications and related technologies, announced today that Michael Snavely, CEO of Phunware, has retired and resigned from Phunware. Stephen Chen, former Chairperson of the Phunware Board of Directors, has assumed the role of interim CEO of Phunware, effective October 22, 2024.

    “We appreciate Mike’s dedication and service to Phunware and wish him much success in the future,” said Mr. Chen. “I am proud and excited to assume the role of interim CEO as we prepare to embark on new opportunities in generative AI, predictive analytics, and cloud-based services. We are confident that this transition will enable Phunware and its shareholders to accelerate our journey.”

    Phunware remains committed to providing cutting-edge software, advertising, and other tools that empower enterprises to connect with people on a deeper, more human level. This new direction, powered by generative AI, reinforces Phunware’s commitment to helping businesses thrive through meaningful engagement and technological transformation. The Phunware management team is excited to advance Phunware’s leadership in mobile and cloud-based solutions, setting the stage for its next phase of growth and expansion into AI-driven technologies and broader digital engagement. In conjunction with this announcement, Phunware has launched a new microsite dedicated to helping businesses and developers better understand and leverage generative AI and Phunware’s mobile app technologies. This resource will guide users through the potential of AI in transforming engagement and business operations. For more details, visit https://ai.phunware.com/.

    Mr. Snavely said, “Leading Phunware as CEO has been one of the most rewarding experiences of my career. I am very proud of what we accomplished as a team over the last 12 months. As I stated in our Letter to Shareholders, Phunware and its platforms, products, and services are well-positioned for the future. I am looking forward to my retirement and to pursuing my passion for rural enterprises.”

    About Phunware 

    Phunware, Inc. (NASDAQ: PHUN) is an enterprise software company specializing in mobile app solutions. We provide businesses with the tools to create, implement and manage custom mobile applications and analytics, digital advertising and location-based services. Phunware is transforming mobile engagement by delivering scalable and personalized mobile app experiences. 

    Phunware’s mission is to achieve unparalleled connectivity and monetization through widespread adoption of Phunware mobile technologies, by leveraging brands, consumers, partners and digital asset holders and market participants. Phunware is poised to expand its software products and services audience and industry verticals through its new platform, utilize and monetize its patents and other intellectual property rights and interests, and update and reintroduce its digital asset ecosystem for existing holders and new market participants. 

    Phunware Investor Relations: 
    CORE IR
    516-222-2560
    investorrelations@phunware.com

    MZ Group, North America
    Joe McGurk,  Managing Director
    917-259-6895
    PHUN@mzgroup.us

    Safe Harbor / Forward-Looking Statements 

    This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “expose,” “intend,” “may,” “might,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. For example, Phunware is using forward-looking statements when it discusses the proposed offering and the timing and terms of such offering and its intended use of proceeds from such offering should it occur. 

    The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the SEC, including our reports on Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC from time to time. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described under “Risk Factors” in our SEC filings may not be exhaustive. 

    By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods. 

    The MIL Network –

    January 25, 2025
  • MIL-OSI: MoneyHero Appoints Distinguished Global Executive Wallace Pai to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Mr. Pai brings deep and diverse senior executive experience to MoneyHero, having spent his career with notable multinational companies including Imagination Technologies, Pixelworks, SMIC, GlobalFoundries, Synaptics, Samsung, Google (Motorola Mobility), Cadence, and McKinsey & Company

    MoneyHero’s Chairman Kenneth Chan to be replaced on Audit Committee by Mr. Pai; Committee now made-up entirely of Independent Non-Executive Directors

    SINGAPORE, Oct. 24, 2024 (GLOBE NEWSWIRE) — MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a market leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia, today announced that Wallace Pai has been named to the Company’s Board of Directors, effective immediately. In connection with his appointment, Mr. Pai has also replaced MoneyHero’s Chairman, Kenneth Chan, on the Company’s Audit Committee, ensuring the Committee is comprised entirely of Independent Non-Executive Directors.

    Mr. Pai is a seasoned global executive with deep experience across the technology and semiconductor industries. He currently serves as President of Asia Pacific and Chairman of China with Imagination Technologies, where he oversees the group’s regional strategy, revenue, and growth. Previously, Mr. Pai served as COO of Pixelworks, SVP of the Advanced Technology Business at SMIC, and VP/General Manager of Asia Pacific at GlobalFoundries. Earlier in his career, Mr. Pai also held executive roles with Synaptics, Samsung, Google (Motorola Mobility), Qualcomm Technologies, Cadence, and McKinsey & Company. Mr. Pai graduated with a Master of Science from the University of Michigan and a Master of Business Administration from Harvard Business School.

    “Mr. Pai represents a significant addition to our Board of Directors and corporate governance,” said Rohith Murthy, CEO of MoneyHero. “His leadership in the technology sector, as well as a proven track record of success running large-scale enterprises in the Asia Pacific region, will bring immense value to our operations and growth strategy. Mr. Pai has contributed to the vision and oversight of many notable multinational companies throughout his illustrious career, and we are thrilled to have him on board. Moreover, this marks the second major Board appointment that we have achieved this year, which is critical to our future and a testament to the reputation and stature of the MoneyHero Brand.”

    The appointment of Mr. Pai follows the addition of accomplished legal and finance executive Steve Teichman to the Company’s Board, which was announced in June. Importantly, both Mr. Pai and Mr. Teichman bring the unique combination of having experience with U.S. capital markets and leading businesses in Asia Pacific.

    “I am honored to join MoneyHero’s Board and excited to bring new ideas and resources to this winning organization,” said Mr. Pai. “I have been following the MoneyHero story for a while, even before the Company went public last year, and I have been impressed by the strategy and fundamentals of the business, as well as their clear leadership-positioning in the marketplace, which will enable them to continue innovating and outpacing its peers. MoneyHero is absolutely forwarding the fintech industry in Greater Southeast Asia, and I am very much looking forward to being a part of it.”

    For more information about MoneyHero, including information for investors and learning about career opportunities, please visit www.MoneyHeroGroup.com.

    About MoneyHero Group
    MoneyHero Limited (NASDAQ: MNY) is a market leader in the online personal finance and digital insurance aggregation and comparison sector in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines.  Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory.  The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero currently manages 279 commercial partner relationships and services 8.1 million Monthly Unique Users across its platform for the six months ended June 30, 2024. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving Greater Southeast Asia’s digital economy, please visit www.MoneyHeroGroup.com.

    Investors Relations:
    MoneyHero IR Team
    IR@MoneyHeroGroup.com

    Media Relations:
    Gaffney Bennett PR
    MoneyHero@gbpr.com

    The MIL Network –

    January 25, 2025
  • MIL-OSI: Marex Group plc Announces Pricing of the Public Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) — Marex Group plc (“Marex”) (Nasdaq: MRX), the diversified global financial services platform, today announces the pricing of the public offering (the “Offering”) of 8,472,333 ordinary shares by certain selling shareholders (the “Selling Shareholders”) at $24.00 per share. In connection with the Offering, the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 1,270,849 ordinary shares.

    Marex is not selling any ordinary shares in the Offering and will not receive any proceeds from any sale of shares by the Selling Shareholders. The Offering is expected to close on October 25, 2024, subject to customary closing conditions.

    Barclays, Goldman Sachs & Co. LLC, Jefferies and Keefe, Bruyette & Woods, a Stifel Company, are acting as joint lead book-running managers and as representatives of the underwriters for the proposed Offering. Citigroup, UBS Investment Bank, Piper Sandler & Co. and Berenberg are acting as bookrunners for the Offering. Drexel Hamilton and Loop Capital Markets are acting as co-managers for the Offering.

    The proposed Offering is being made only by means of a prospectus. Copies of the prospectus relating to the proposed Offering may be obtained from:

    • Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847, or by email at barclaysprospectus@broadridge.com;
    • Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526, or via email: prospectus-ny@ny.email.gs.com;
    • Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by phone at (877) 821-7388, or by email at Prospectus_Department@Jefferies.com; or
    • Keefe, Bruyette & Woods Inc., 787 Seventh Avenue, Fourth Floor, New York, NY 10019, attention: Equity Capital Markets, or by calling toll free at (800) 966-1559 or emailing USCapitalMarkets@kbw.com.

    A registration statement on Form F-1 relating to the Offering has been filed with, and was declared effective by, the U.S. Securities and Exchange Commission (the “SEC”).This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation or sale 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.

    Forward-Looking Statements

    This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including the expected closing date of the Offering. In some cases, these forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation: subdued commodity market activity or pricing levels; the effects of geopolitical events, terrorism and wars, such as the effect of Russia’s military action in Ukraine, on market volatility, global macroeconomic conditions and commodity prices; changes in interest rate levels; the risk of our clients and their related financial institutions defaulting on their obligations to us; regulatory, reputational and financial risks as a result of our international operations; software or systems failure, loss or disruption of data or data security failures; an inability to adequately hedge our positions and limitations on our ability to modify contracts and the contractual protections that may be available to us in OTC derivatives transactions; market volatility, reputational risk and regulatory uncertainty related to commodity markets, equities, fixed income, foreign exchange and cryptocurrency; the impact of climate change and the transition to a lower carbon economy on supply chains and the size of the market for certain of our energy products; the impact of changes in judgments, estimates and assumptions made by management in the application of our accounting policies on our reported financial condition and results of operations; lack of sufficient financial liquidity; if we fail to comply with applicable law and regulation, we may be subject to enforcement or other action, forced to cease providing certain services or obliged to change the scope or nature of our operations; significant costs, including adverse impacts on our business, financial condition and results of operations, and expenses associated with compliance with relevant regulations; and if we fail to remediate the material weaknesses we identified in our internal control over financial reporting or prevent material weaknesses in the future, the accuracy and timing of our financial statements may be impacted, which could result in material misstatements in our financial statements or failure to meet our reporting obligations and subject us to potential delisting, regulatory investments or civil or criminal sanctions, and other risks discussed under the caption “Risk Factors” in our Registration Statement filed on Form F-1 with the SEC on October 21, 2024 and our other reports filed with the SEC.

    The forward-looking statements made in this release relate only to events or information as of the date on which the statements are made in this release. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

    The MIL Network –

    January 25, 2025
  • MIL-OSI: Starbox Powers 180 Degrees Brandcom with StarboxAI Pro Series, an AI-Driven Expansion into Image, Video, and Live Streaming Content

    Source: GlobeNewswire (MIL-OSI)

    KUALA LUMPUR, Malaysia, Oct. 24, 2024 (GLOBE NEWSWIRE) — Starbox Group Holdings Ltd. (Nasdaq: STBX) (“Starbox” or the “Company”), a service provider of cash rebates, advertising, and payment solutions, is excited to announce that it has started to support 180 Degrees Brandcom Sdn Bhd (“180”) with its StarboxAI Pro Series software for 180’s branding and advertising business. 180, an indirect subsidiary that is 51% owned by Starbox, is a 4A advertising agency incorporated in 2013 that offers digital marketing, advertising consulting and design services. 180 has maintained long-term relationships, with more than 20% of its existing clients for over 15 years. To enhance service quality, 180 anticipates improving brand engagement by using StarboxAI Pro Series, which provides artificial intelligence (“AI”) powered solutions for image creation, video production, and live streaming alongside data-driven marketing strategies.

    Equipped with StarboxAI Pro Series, 180 is expected to have the following new capabilities:

    • AI-powered Image Creation: Generation of campaign-specific image tailored to brand identity.
    • AI-powered Video Production: Fast, automated creation of short videos for product promotion and social media.
    • AI-powered Live Streaming: Real-time engagement with interactive features such as Q&A, purchase guidance, and dynamic content streaming.

    These AI-driven tools are expected to enable 180 to generate creative output, offer personalized campaigns, and provide real-time insights to optimize performance.

    “Through StarboxAI Pro Series, 180 will be able to join data with creativity to quickly produce engaging campaigns. Since its incorporation, 180 has been pursuing excellence in branding and advertising, serving a diverse portfolio of clients. The adoption of StarboxAI Pro Series reinforces 180’s commitment to deliver outstanding brand experiences through image, video, and live streaming solutions. With this adoption, 180 expects to continue to improve brand engagement in a competitive digital landscape,” said Lee Choon Wooi, Chief Executive Officer and Chairman of the Board of Directors of Starbox.  

    About Starbox Group Holdings Ltd

    Headquartered in Malaysia, Starbox is a technology-driven, rapidly growing company with innovation as its focus. Starbox is aiming to be a comprehensive technology solutions provider within Southeast Asia and also engages in building a cash rebate, advertising, and payment solution business ecosystem targeting micro, small, and medium enterprises that lack the bandwidth to develop an in-house data management system for effective marketing. The Company connects retail merchants with retail shoppers to facilitate transactions through cash rebates offered by retail merchants on its GETBATS website and mobile app. The Company provides digital advertising services to advertisers through its SEEBATS website and mobile app, GETBATS website and mobile app and social media. The Company also provides payment solution services to merchants. For more information, please visit the Company’s website: https://ir.starboxholdings.com and WeChat Channels: StarboxTechnologies.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements. 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 the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. 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 U.S. Securities and Exchange Commission. References and links (including QR codes) to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

    For more information, please contact:

    Starbox Group Holdings Ltd.
    Investor Relations Department
    Email: ir@starboxholdings.com

    Ascent Investor Relations LLC
    Tina Xiao
    Phone: +1-646-932-7242
    Email: investors@ascent-ir.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/120adab1-f25c-42b0-9b96-4c1534dd2408

    The MIL Network –

    January 25, 2025
  • MIL-OSI: The Victory Bancorp, Inc., Announces 2024 Third Quarter Earnings

    Source: GlobeNewswire (MIL-OSI)

    LIMERICK, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) — The Victory Bancorp, Inc. (OTCQX: VTYB), the holding company for The Victory Bank, announced unaudited results for the quarter ended September 30, 2024.

    Joseph W. Major, Bank Leader and Chief Executive Officer, stated, “Our third quarter results reflect consistent growth and improved earnings. Our commitment to providing top-notch banking services is central to our strategy which we implement by hiring skilled and dedicated bankers who offer trusted advice and exceptional personal service to our clients. Our focus is on maintaining disciplined pricing and credit underwriting practices as we expand the Bank. This diligence not only strengthens our institution but also benefits the communities we serve.”

    As of September 30, 2024, deposits rose to $398.2 million, up from $358.2 million a year earlier—a 10.8% increase. Net loans increased by 12.7%, reaching $395.2 million, compared to $351.9 million on the same date last year. Total assets grew by $49.1 million to $467.9 million, marking an 11.9% increase over the past year. Overall credit quality remained strong, with very low levels of non-performing and non-accrual loans. Because of these excellent credit metrics, third quarter provision for loan losses decreased to $71 thousand, down from $75 thousand in the 3rd quarter of 2023. Notably, non-performing assets fell significantly from $2.2 million at the end of 2023 to $209 thousand as of September 30, 2024.

    Third Quarter 2024 Highlights compared to Third Quarter 2023

    • Net Loans increased 12.7% to $395.2 million from $351.9 million at September 30, 2023
    • $2.9 million increase in stockholders’ equity
    • $0.065 per share cash dividend paid to shareholders
    • Net interest margin at the Bank was 3.58% for the quarter
    • Net income of $586 thousand, totaling approximately $0.29 per common share fully diluted
    • Book value per share as of September 30, 2024 was $14.89
    • Total assets increased by $49.1 million from September 30, 2023 to $467.9 million as of September 30, 2024
    • Credit quality is outstanding

    Capital Insights and Credit Quality:

    • Nonaccrual loans decreased in the third quarter of 2024, from $2.2 million at year end 2023 to $206 thousand in the current quarter.
    • Non-performing assets to total assets rose slightly from 0.01% in the linked quarter to 0.04% in the current quarter.
    • Delinquencies greater than 30 days were 0.05% of total loans as of September 30, 2024, down from 0.68% as of December 31, 2023.
    • The bank’s ACL ratio was 0.91% as of September 30, 2024, down slightly from 0.94% at year-end 2023. The September 30, 2024 ACL covered non-performing loans 17.5 times, an increase from 1.6 times at year-end 2023.
    • The bank remains well capitalized.

    Victory Bancorp, Inc. is traded on the OTCQX market under the symbol VTYB (https://www.otcmarkets.com) and is the parent company of The Victory Bank, a Pennsylvania state-chartered commercial bank headquartered in Limerick, Pennsylvania, which is located just outside the Philadelphia market in Montgomery County. The Victory Bank was established in 2008 as a specialized business lender that provides high-quality banking services to small and mid-sized businesses and professionals through its three offices located in Montgomery and Berks Counties, Pennsylvania. Additional information about Victory Bancorp is available on its website, VictoryBank.com.

    This presentation may contain forward-looking statements (within the meaning of Private Securities Litigation Reform Act of 1995). Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values, and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic; competitive, governmental, regulatory, and technological factors affecting the Company’s operations, pricing, products, and services.

    Contact:

    Joseph W. Major,
    Chairman and Chief Executive Officer

    Robert H. Schultz,
    Chief Financial Officer, Chief Operating Officer

    The Victory Bancorp, Inc.
    548 N. Lewis Rd.
    Limerick, PA 19468

    CONSOLIDATED FINANCIAL HIGHLIGHTS (unaudited)            
    (dollars in thousands, except per share data)            
        September 30,   December 31,   September 30,
    Selected Financial Data   2024   2023   2023
    Investment securities $ 46,110 $ 47,931 $ 47,335
    Loans, net of allowance for loan losses   395,213   364,383   351,926
    Total assets   467,939   442,163   418,843
    Deposits   398,169   364,032   358,207
    Borrowings   24,692   36,200   19,750
    Subordinated debt   12,851   12,830   12,824
    Stockholders’ equity $ 29,437 $ 27,948 $ 26,548
    Book value per common share $ 14.89 $ 14.17 $ 13.47
    Allowance/loans   0.91%   0.94%   0.94%
    Nonperforming assets/total assets   0.04%   0.49%   0.01%
                 
        3 Months Ended
        September 30,   December 31,   September 30,
    Selected Operations Data   2024   2023   2023
    Interest income $ 7,526 $ 6,680 $ 6,298
    Interest expense   4,064   3,337   2,955
    Net interest income   3,462   3,343   3,343
    Provision for loan losses   71   170   75
    Other income   239   210   143
    Other expense   2,895   2,748   2,826
    Income before income taxes   735   635   585
    Income taxes   (149)   (160)   (39)
    Net income $ 586 $ 475 $ 546
    Earnings per common share (basic) $ 0.30 $ 0.24 $ 0.28
    Earnings per common share (diluted) $ 0.29 $ 0.23 $ 0.26
    Return on average assets (annualized)   0.50%   0.45%   0.53%
    Return on average equity (annualized)   8.14%   6.97%   8.05%
    Net charge-offs(recoveries)/average loans   0.01%   0.00%   0.00%

    The MIL Network –

    January 25, 2025
  • MIL-OSI: Middlefield Sustainable Global Dividend ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Middlefield Sustainable Global Dividend ETF (TSX: MDIV) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of Sustainable Global Dividend ETF as follows:

    Record Date Payable Date Distribution Per
    Trust Unit
    October 31, 2024 November 15, 2024 $0.06
    November 30, 2024 December13, 2024 $0.06
    December 31, 2024 January 15, 2025 $0.06
         

    The trust units trade on the Toronto Stock Exchange under the symbol MDIV.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network –

    January 25, 2025
  • MIL-OSI: Middlefield Healthcare Dividend ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Middlefield Healthcare Dividend ETF (TSX: MHCD) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of Middlefield Healthcare Dividend ETF as follows:

    Record Date Payable Date Distribution Per
    Trust Unit
    October 31, 2024 November 15, 2024 $0.05
    November 30, 2024 December13, 2024 $0.05
    December 31, 2024 January 15, 2025 $0.05
         

    The trust units trade on the Toronto Stock Exchange under the symbol MHCD.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network –

    January 25, 2025
  • MIL-OSI: Drones Driven by A.I. Are Taking Over Major Industries Including Agriculture, Construction, Military & More

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Artificial intelligence (AI) and drones are a formidable combo that has the potential to transform a variety of industries. When coupled, they build intelligent and autonomous airborne systems capable of completing complicated tasks in a variety of conditions. Because of this, the combination of artificial intelligence and drone technology offers new aerial technological developments for various industries, including agriculture, construction, energy, and security, as well as a solution to many aerial imagery demands. Factors such as technological advancements, growing need for automation and efficiency, and the increasing adoption of drones in the Logistics and Delivery, Agriculture and Precision Farming, Disaster Management and Search & Rescue, Environmental Monitoring and Industrial sectors are boosting the adoption of AI solutions in the UAV landscape. A report from Knowledge Sourcing Intelligence projected that the Artificial Intelligence in drone market size is projected to show steady growth during the forecast period (2024-2029). The report said: “Booming drone adoption in the sector boosts AI in drone market growth. Drones driven by AI are taking over major sectors such as agriculture, serving as industrious field workers. They minimize human effort while monitoring crop health, accurately locating pests, and applying irrigation to maximize production and optimize resource use. The movement known as “precision agriculture” is revolutionizing the way of raising food. According to the January 2022 Press Release Bureau, the government is extending financial support under the “Sub-Mission on Agriculture Mechanization” to encourage the use of drones in agriculture. The Agriculture Ministry will give agricultural institutions grants of up to Rs. 10 lakhs so the farmers can buy drones. When it comes to drone demonstrations on farmer fields Farmer’s Producers Organizations (FPOs) can receive funds for up to 75% of the total cost of the drone. The initiatives and factors supporting agriculture enhance the drone market.” Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Palantir Technologies Inc. (NYSE: PLTR), QUALCOMM Incorporated (NASDAQ: QCOM), AgEagle Aerial Systems Inc. (NYSE: UAVS), Draganfly Inc. (NASDAQ: DPRO).

    “The growing need for automation in logistics propels AI in drone market. Industries these days need effective and automated ways to handle logistics jobs. Drones and AI together present an attractive alternative for companies looking to increase productivity and accuracy as they save labor expenses and increase productivity by automating operations that were previously done by hand. By the end of 2024, Prime Air plans to expand internationally into Italy and the UK, in addition to starting drone deliveries in the United States. Similarly, in October 2023, Amazon Pharmacy launched drone delivery of pharmaceuticals. Eligible consumers in College Station, Texas, can now have their drugs delivered to their homes via drone within 60 minutes of placing their purchase with Amazon Pharmacy.”

    ZenaTech Inc. (NASDAQ:ZENA) Issues Big Development News Today on Adding Patent Assets to the Company – Get the full details by visiting: https://www.financialnewsmedia.com/news-zena/

    Additional Groundbreaking ZenaTech Inc. Developments this week include:

    ZenaTech Announced a Software Company Acquisition Adding Significant Capabilities to Building AI Drones – ZenaTech also announced that it has entered into an agreement to acquire ZooOffice Inc., the holding company for software companies Jadian and DeskFlex, from ZenaTech’s former parent company. The acquisition of these two software companies will provide important compliance and inspection software as well as scheduling and mapping software that will be incorporated into ZenaTech’s ZenaDrone AI drone solutions. This transaction further expands ZenaTech’s portfolio of SaaS software solutions and customer base and is expected to add to recurring revenue in the government sector among others. The acquisition is subject to shareholder and regulatory approvals that may be required.

    “Adding Jadian and DeskFlex software capabilities to the ZenaTech portfolio is part of our strategy to offer full stack, integrated AI drone solutions targeted to multiple sectors such as Agriculture. Jadian’s compliance software will be integrated with ZenaDrone drone hardware and sensors to help farmers track and manage regulatory and environmental requirements such as crop traceability, fertilizer and pesticide use, water conservation, and greenhouse gas emissions. Deskflex scheduling and mapping software will add value integrated into our property management sector solutions,” said CEO Shaun Passley, Ph.D. Read this full release at: https://finance.yahoo.com/news/zenatech-announces-software-company-acquisition-113000656.html

    Other recent developments in the technology industry include:

    Edgescale AI Inc. and Palantir Technologies Inc. (NYSE: PLTR) recently announced a strategic partnership to deliver Live Edge, a groundbreaking combination of Palantir Edge AI and Edgescale AI distributed infrastructure technology, designed to operationalize artificial intelligence (AI) in manufacturing, utilities, and other complex industrial environments.

    AI is reshaping the world and transforming our relationship with technology, yet applying AI to operational technology in industries and critical infrastructure remains a challenge. So long as the complexity and operational burden of activating machines, equipment, vehicles, and sensors in physical systems remains high, we only achieve a fraction of AI’s true potential for automating our technology and improving our lives.

    QUALCOMM Incorporated (NASDAQ: QCOM) recently announced that, through its subsidiary Qualcomm Technologies, Inc., Aramco, and Saudi Arabia’s Research, Development and Innovation Authority (RDIA) are planning to launch Design in Saudi Arabia (DISA). DISA is envisaged to be an incubator program for Saudi Arabia that aims to support startups that are adopting AI, Internet of Things (IoT), and wireless technologies for industrial use cases.

    This initiative aims to support early-stage startups in the high-tech sector by guiding them from product design and development to commercialization. It aims to provide a comprehensive suite of support that includes technical assistance, business coaching, and intellectual property (IP) training, all aimed at enhancing the Kingdom’s technology ecosystem. Should this initiative materialize, startups would gain access to resources such as Qualcomm Technologies and Aramco’s industrial experience and RDIA’s strategic guidance.

    AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, recently issued a Letter to Stockholders from Company CEO Bill Irby.

    Dear Stockholders: First, I want to extend my appreciation for the trust and confidence you have placed in AgEagle. Upon taking over as CEO from Grant Begley (former interim CEO and current Board Chairman), we have been evolving and advancing AgEagle toward the creation of maximum long-term shareholder value.

    To fund our aggressive growth plans, we recently completed a $6.5M capital raise. The market’s reaction was a continued decline in our stock price. It became necessary to plan and execute a 50:1 reverse stock split. Our trading was halted October 4th but has since resumed, and I am truly optimistic regarding the path ahead as I believe that the company is currently under-valued… In conclusion, through a combination of our key initiatives, growing demand, and demonstrated progress in our newest market, I believe AgEagle is on the correct path to increase long-term shareholder value. We appreciate your continued support. Sincerely, Bill Irby, CEO

    Draganfly Inc. (NASDAQ: DPRO), an award-winning, industry-leading developer of drone solutions and systems, recently announced its participation in the upcoming Wings of Saskatchewan event in Regina, from October 30 to October 31, 2024. Draganfly will showcase its latest drone technology advancements, contributing to discussions on industry trends, safety, and regulatory considerations alongside key stakeholders in the aviation sector.

    The Wings of Saskatchewan Conference, hosted by the Saskatchewan Aerial Applicators Association and the Saskatchewan Aviation Council, serves as a vital gathering for the aviation community. This year’s event will bring together leaders from both civil and commercial aviation sectors to discuss technological advancements, regulatory updates, and future trends within the industry.

    About FN Media Group:
    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty nine hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually”, or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

    Contact Information:
    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

    SOURCE: FN Media Group

    The MIL Network –

    January 25, 2025
  • MIL-OSI: Middlefield Innovation Dividend ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Middlefield Innovation Dividend ETF (TSX: MINN) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of Middlefield Innovation Dividend ETF as follows:

    Record Date Payable Date Distribution Per
    Trust Unit
    October 31, 2024 November 15, 2024 $0.033
    November 30, 2024 December13, 2024 $0.033
    December 31, 2024 January 15, 2025 $0.033
         

    The trust units trade on the Toronto Stock Exchange under the symbol MINN.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network –

    January 25, 2025
  • MIL-OSI: Middlefield U.S. Equity Dividend ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Middlefield U.S. Equity Dividend ETF (TSX: MUSA) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of Middlefield U.S. Equity Dividend ETF as follows:

    Record Date Payable Date Distribution Per
    Trust Unit
    October 31, 2024 November 15, 2024 $0.04583
    November 30, 2024 December13, 2024 $0.04583
    December 31, 2024 January 15, 2025 $0.04583
         

    The trust units trade on the Toronto Stock Exchange under the symbol MUSA.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network –

    January 25, 2025
  • MIL-OSI: Middlefield Real Estate Dividend ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Middlefield Real Estate Dividend ETF (TSX: MREL) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of Middlefield Real Estate Dividend ETF as follows:

    Record Date Payable Date Distribution Per Trust Unit
    October 31, 2024 November 15, 2024 $0.075
    November 30, 2024 December13, 2024 $0.075
    December 31, 2024 January 15, 2025 $0.075

    The trust units trade on the Toronto Stock Exchange under the symbol MREL.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network –

    January 25, 2025
  • MIL-OSI United Kingdom: City-wide approach proposed to improve walking, wheeling and cycling networks in Sheffield A Long-term investment plan which could see measures such as improved pavements and cycle facilities so that more people can walk and cycle more to local destinations will be discussed by the Council’s Transport, Regeneration and Climate Policy Committee next week. 24 October 2024

    Source: City of Sheffield

    A Long-term investment plan which could see measures such as improved pavements and cycle facilities so that more people can walk and cycle more to local destinations will be discussed by the Council’s Transport, Regeneration and Climate Policy Committee next week.

    The plan will build on the information the Council has gathered about what destinations people want to get to in their local communities and how it can be made easier for them to do so by walking, wheeling and cycling.

    Over the next 6 months the plan will be developed and will include a three-pronged approach: projects currently underway; medium-term projects, looking ahead about 10 years; and a long-term vision of how the desired network will look by around 2045.

    The proposals could include a range of measures such as wider pavements, more pedestrian crossings, measures to reduce vehicle speeds and segregated cycle routes, with current projects such as School Streets continuing as well, in a bid to make Sheffield more accessible for walking, wheeling and cycling and give people more choice about how they travel

    Cllr Ben Miskell, Chair of the Transport, Regeneration and Climate Policy Committee at Sheffield City Council, said: “Sheffield is changing, it’s transforming into a city fit for everyone. Along with the fantastic regeneration of a number of areas, including the Heart of the City, Attercliffe and Castlegate, we want to make it easier, safer and healthier for people to walk or cycle.

    “We have ambitious plans, as part of our Transport Vision, to connect large parts of Sheffield through the improvement of walking and cycling routes, helping us to tackle congestion and give people a genuine choice about how they travel We’ll also be installing new facilities where current ones don’t exist.  Good active travel networks provide connectivity between different areas and a safe, pleasant, accessible environment for people to enjoy together”

    “In our recent outreach we were keen to hear from people who do not usually respond to Council surveys. We were really pleased to reach people and hear views from local neighbourhoods about the barriers they face trying to make short journeys by walking, wheeling and cycling.

    “This feedback is invaluable to us and we will incorporate it and build upon it as we move forward in devising the Investment Plan.”

    Angela Argenzio, Chair of Adult Health and Social Care Policy Committee at Sheffield City Council, said: “By taking the opportunity to lead a more active life it will not only improve people’s health, it will improve air quality too. This work all links into the Fair and Healthy Sheffield Plan, which intends to close the unfair gaps in length and quality of life by prioritising improvements to the health and wellbeing of those who need it the most first. ”

    The investment plan is being progressed in conjunction with a South Yorkshire family of Investment Plans for Sheffield, Rotherham, Barnsley and Doncaster and with a South Yorkshire Active Travel Strategy being developed by the South Yorkshire Mayoral Combined Authority.

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI Australia: VIPER Taskforce execute 27 warrants and lay Commonwealth charge of directing a criminal organisation

    Source: Australian Department of Revenue

    Detectives from the VIPER and Lunar taskforces have this morning charged eight people with Commonwealth offences for their part in directing and assisting an organised crime syndicate.

    It will be alleged the syndicate was leasing stores, employing staff as supervisors, store managers and couriers and commencing deliveries under the guise of operating the stores as legitimate gifts and confectionary stores, while selling only illicit tobacco and related products.

    Investigators have obtained transactional records which reflect the syndicate earned over $30 million in a 12-month period through the sale of illicit tobacco in these stores.

    Supported by the Australian Federal Police (AFP), the Australian Taxation Office (ATO), Australian Border Force’s (ABF) Illicit Tobacco Taskforce and Therapeutic Goods Administration (TGA), officers today executed more than 27 search warrants across Victoria as part of an ongoing investigation targeting serious organised crime in the illicit tobacco market.

    With assistance from Taskforce Lunar, the Armed Crime Squad, the Illicit Firearms Squad, Financial Crime Squad, Criminal Proceeds Squad, Joint Organised Crime Taskforce, Echo Taskforce, Cybercrime Squad, Joint Anti-Child Exploitation Team, Wyndham, Knox, Hobsons Bay, Echuca, Cobram, Ararat, Northern Grampians and Geelong Crime Investigation Units, Westgate Divisional Response Unit, Eastern Region Crime Squad and State Highway Patrol, search warrants were executed from 5am this morning at tobacco stores, warehouses and residential addresses statewide.

    Three industrial properties in Truganina were searched, as well as residential addresses in Truganina, Hoppers Crossing (3), Glen Waverley, Lara, Grovedale, Footscray and Mount Cottrell, and tobacco stores in Herne Hill, Bell Park, Grovedale, Werribee (2), Dallas, Kensington, Boronia, Ararat (3), Kyabram, Echuca (2) and Yarrawonga.

    A 25-year-old Hoppers Crossing man was arrested at Melbourne Airport just before 6:00 am.

    He has since been charged with the Commonwealth offence of directing the activities of a criminal organisation, possess tobacco products with the intent of defrauding the revenue (Customs Act 1901), possess proceeds of crime and sell/distribute e-cigarettes.

    He will appear at Melbourne Magistrates’ Court later today.

    Directing the activities of a criminal organisation carries a maximum penalty of 15 years in prison.

    Four other people were arrested and have been charged with the same offences.

    They include:

    • a 26-year-old Hoppers Crossing man, who will appear at Melbourne Magistrates’ Court later today
    • a 21-year-old Hoppers Crossing man, who will appear at Melbourne Magistrates’ Court later today
    • a 50-year-old Grovedale woman, and
    • a 51-year-old Glen Waverley man, both of whom have been bailed to appear at Melbourne Magistrates’ Court on Monday (28 October).

    Five other people were arrested, including:

    • a 25-year-old Hoppers Crossing man, who was arrested in Ararat and charged with support a criminal organisation and illicit tobacco offences
    • a 46-year-old Ararat man, who was arrested in Ararat and charged with support a criminal Organisation and illicit tobacco offences
    • a 38-year-old Tarneit man who was arrested attempting to remove stock from a retail outlet in Werribee. He was charged with support a criminal organisation and illicit tobacco offences
    • a 50-year-old Mount Cotterill man was arrested in relation to illicit tobacco and possession of commercial cigarette manufacturing equipment located. He was released and is expected to be charged on summons, and
    • a 21-year-old Yarrawonga man was interviewed and released, he is also expected to be charged on summons.

    During the warrants, police seized a Lamborghini Coupe and Range Rover from the Hoppers Crossing address, at least 600,000 illicit tobacco sticks, over 75 kgs of loose-leaf tobacco and a significant quantity of cash from the residential addresses as well as utilities and vans investigators will allege were used in the distribution of illicit tobacco.

    Searches of the tobacco stores are still underway with total seizures to be confirmed.

    The investigation commenced in December 2023 to specifically target and disrupt the trade of illicit tobacco and e-cigarettes linked to this organised crime syndicate.

    Over 130 members were involved in today’s activities, including the entirety of the VIPER Taskforce office.

    Victoria Police continues to support local councils and the Victorian Department of Health who have responsibility for tobacco and vape enforcement and compliance.

    Detectives continue to work alongside external agencies such as the ABF, Australian Criminal Intelligence Commission, AFP, TGA, ATO and interstate counterparts.

    Victoria Police has identified a number of state, national and global organised crime syndicates involved in the illicit tobacco conflict.

    These syndicates are comprised of personnel from Middle Eastern organised crime groups and outlaw motorcycle gangs who are then engaging local networked youth and youth gangs to carry out the offending.

    Investigators continue to appeal to anyone, especially store owners and staff, who have information about these incidents and who is responsible to come forward.

    Anyone with information about these incidents or with further information about serious and organised crime linked to the illicit tobacco trade is urged to contact Crime Stoppers on 1800 333 000 or submit a confidential crime report at www.crimestoppersvic.com.auExternal Link

    Victoria Police quotes

    Crime Command Assistant Commissioner Martin O’Brien said:

    “Organised crime syndicates and their serious offending linked to the infiltration of the tobacco industry remain a top priority for Victoria Police.

    Those involved have the potential and the propensity to commit serious acts of violence and given their complete disregard for the safety of others, pose a serious risk to the community. Their criminality cannot be tolerated.

    The disruption of this syndicate today will have a substantial impact on the illicit tobacco trade. These were significant players who we believe were directing the activity of a criminal organisation, turning a huge profit at the expense of others.

    We have said a number of times that Victoria Police is focused on targeting syndicate leaders, directors, facilitators and organisers. That remains critical for us, and we are doing absolutely everything we can to bring this criminality to an end and to make involvement in illicit tobacco as hostile a proposition as possible for organised crime groups.”

    ABF quotes

    Assistant Commissioner Tony Smith said:

    “ABF continues to work closely with our partners to disrupt and deter attempts by criminal syndicates seeking to profit from the illicit tobacco trade in Australia.

    We remain committed to seizing illicit tobacco and dismantling these supply chains which we know criminals use to make immense profits as well as to fund a whole host of other nefarious criminal enterprises.”

    ATO quotes

    Acting Assistant Commissioner Justin Clarke said:

    “Today’s whole of government response has been a successful step forward in addressing the Victorian tobacco dispute. These arrests and seizures show our commitment to stamping out illicit tobacco and removing it from our communities.

    With the help of our partners, we continue to support coordinated efforts to detect, disrupt, and dismantle these organised crime syndicates who use profits from illicit tobacco to fund other serious illegal activities.

    Organised crime costs Australians around $60 billion each yearExternal Link and the illicit tobacco trade not only takes away vital funding from essential community services, but it also disadvantages small businesses who do the right thing.”

    MIL OSI News –

    January 25, 2025
  • MIL-OSI Australia: eInvoicing-enabled entities

    Source: Australian Department of Revenue

    These Australian Government entities are registered on the Peppol network. They appear on the Peppol Directory along with hundreds of state, territory and local government organisations, and thousands of other Australian businesses who can receive eInvoices.

    If you supply to any of the entities listed below and can send eInvoices you may be paid faster. For more information visit Getting PaidExternal Link on the Department of Finance’s website or talk to your contract manager in the Government entity about any specific requirements.

    Categories24/7, Australia, Australian Department of Revenue, Australian Government, Economics, Economy, MIL-OSI, Revenue

    Post navigation

    Australian Government entities able to receive eInvoices

    ABN

    Entity name

    73 147 176 148

    Administrative Review Tribunal

    80 246 994 451

    Aged Care Quality and Safety Commission

    50 802 255 175

    Asbestos and Silica Safety and Eradication Agency

    92 661 124 436

    Attorney-General’s Department

    26 331 428 522

    Australian Bureau of Statistics

    34 864 955 427

    Australian Centre for International Agriculture Research

    54 488 464 865

    Australian Charities and Not-for-profits Commission

    97 250 687 371

    Australian Commission on Safety and Quality In Health Care

    55 386 169 386

    Australian Communications and Media Authority

    94 410 483 623

    Australian Competition & Consumer Commission

    11 259 448 410

    Australian Crime Commission

    84 425 496 912

    Australian Digital Health Agency

    21 133 285 851

    Australian Electoral Commission

    17 864 931 143

    Australian Federal Police

    19 892 732 021

    Australian Film Television & Radio School

    63 384 330 717

    Australian Financial Security Authority

    81 098 497 517

    Australian Fisheries Management Authority

    69 405 937 639

    Australian Government Solicitor

    47 996 232 602

    Australian Human Rights Commission

    31 162 998 046

    Australian Industrial Chemicals Introduction Scheme

    63 257 175 248

    Australian Institute of Criminology

    64 001 053 079

    Australian Institute of Family Studies

    65 377 938 320

    Australian Maritime Safety Authority

    33 020 645 631

    Australian National Audit Office

    13 059 525 039

    Australian Office of Financial Management

    56 253 405 315

    Australian Organ & Tissue Donation and Transplantation Authority

    79 635 582 658

    Australian Prudential Regulation Authority

    99 470 863 260

    Australian Public Service Commission

    61 321 195 155

    Australian Radiation Protection and Nuclear Safety Agency (ARPANSA)

    35 931 927 899

    Australian Renewable Energy Agency

    35 201 451 156

    Australian Research Council

    86 768 265 615

    Australian Securities & Investments Commission

    37 467 566 201

    Australian Security Intelligence Organisation

    22 323 254 583

    Australian Signals Directorate

    72 581 678 650

    Australian Skills Quality Authority

    67 374 695 240

    Australian Sports Commission

    67 250 046 148

    Australian Submarine Agency

    51 824 753 556

    Australian Taxation Office

    11 764 698 227

    Australian Trade and Investment Commission

    32 770 513 371

    Australian Transaction Reports & Analysis Centre (AUSTRAC)

    65 061 156 887

    Australian Transport Safety Bureau

    64 909 221 257

    Australian War Memorial

    92 637 533 532

    Bureau of Meteorology

    21 075 951 918

    Cancer Australia

    44 808 014 470

    Civil Aviation Safety Authority

    43 669 904 352

    Clean Energy Finance Corporation

    72 321 984 210

    Clean Energy Regulator

    60 585 018 782

    Climate Change Authority

    41 640 788 304

    Comcare Australia

    64 703 642 210

    Commonwealth Grants Commission

    34 190 894 983

    Department of Agriculture, Fisheries and Forestry

    68 706 814 312

    Department of Defence

    69 289 134 420

    Department of Defence Army & Air Force Canteen Service

    12 862 898 150

    Department of Education

    96 584 957 427

    Department of Employment and Workplace Relations

    61 970 632 495

    Department of Finance

    47 065 634 525

    Department of Foreign Affairs & Trade

    83 605 426 759

    Department of Health and Aged Care

    33 380 054 835

    Department of Home Affairs

    74 599 608 295

    Department of Industry, Science and Resources

    86 267 354 017

    Department of Infrastructure, Transport, Regional Development, Communications and the Arts

    52 997 141 147

    Department of Parliamentary Services

    36 342 015 855

    Department of Social Services

    18 526 287 740

    Department of the House of Representatives

    49 775 240 532

    Department of the Parliamentary Budget Office

    23 991 641 527

    Department of the Senate

    92 802 414 793

    Department of the Treasury

    23 964 290 824

    Department of Veterans’ Affairs & the Repatriation Commission and the Military Rehabilitation and Compensation Commission

    96 257 979 159

    Digital Transformation Agency

    13 051 694 963

    Director of National Parks

    99 696 833 561

    Domestic, Family and Sexual Violence Commission

    12 212 931 598

    eSafety Commissioner

    93 614 579 199

    Fair Work Commission

    49 110 847 399

    Federal Court of Australia

    20 537 066 246

    Food Standards Australia New Zealand

    40 465 597 854

    Future Fund Board of Guardians

    53 156 699 293

    Future Fund Management Agency

    80 091 799 039

    Geoscience Australia

    12 949 356 885

    Great Barrier Reef Marine Park Authority

    27 598 959 960

    Independent Health and Aged Care Pricing Authority

    26 424 781 530

    Independent Parliamentary Expenses Authority

    59 912 679 254

    Indigenous Land and Sea Corporation

    51 248 702 319

    Inspector-General of Taxation

    38 113 072 755

    IP Australia

    13 679 821 382

    Murray-Darling Basin Authority

    47 446 409 542

    National Anti-Corruption Commission

    36 889 228 992

    National Archives of Australia

    87 361 602 478

    National Blood Authority

    75 149 374 427

    National Capital Authority

    56 552 760 098

    National Competition Council

    25 617 475 104

    National Disability Insurance Agency

    40 816 261 802

    National Emergency Management Agency

    27 855 975 449

    National Gallery of Australia

    88 601 010 284

    National Health and Medical Research Council

    15 337 761 242

    National Health Funding Body

    30 429 895 164

    National Indigenous Australians Agency

    22 385 178 289

    National Offshore Petroleum Safety and Environmental Management Authority

    67 890 861 578

    National Transport Commission

    72 581 678 650

    National Vocational Education and Training Regulator

    40 293 545 182

    NDIS Quality and Safeguards Commission

    61 900 398 761

    North Queensland Water Infrastructure Authority

    87 904 367 991

    Office of National Intelligence

    41 425 630 817

    Office of Parliamentary Counsel

    80 959 780 601

    Office of the Auditing and Assurance Standards Board

    92 702 019 575

    Office of the Australian Accounting Standards Board

    85 249 230 937

    Office of the Australian Information Commissioner

    53 003 678 148

    Office of the Commonwealth Ombudsman

    41 036 606 436

    Office of the Director of Public Prosecutions

    43 884 188 232

    Office of the Fair Work Ombudsman

    15 862 053 538

    Office of the Gene Technology Regulator

    27 478 662 745

    Office Of the Inspector-General of Aged Care

    67 332 668 643

    Office of the Inspector-General of Intelligence & Security

    67 582 329 284

    Office of the Official Secretary to the Governor-General

    87 767 208 148

    Office of the Special Investigator

    30 620 774 963

    Old Parliament House

    78 094 372 050

    Productivity Commission

    45 307 308 260

    Professional Services Review

    99 528 049 038

    Regional Investment Corporation

    45 852 104 259

    Royal Australian Mint

    25 203 754 319

    Rural Industries Research & Development Corporation

    81 840 374 163

    Safe Work Australia

    46 741 353 180

    Screen Australia

    32 745 854 352

    Seafarers Safety Rehabilitation and Compensation Authority

    90 794 605 008

    Services Australia

    17 090 574 431

    Snowy Hydro Limited

    91 314 398 574

    Special Broadcasting Service Corporation

    70 588 505 483

    Sport Integrity Australia

    50 658 250 012

    Tertiary Education Quality and Standards Agency

    18 108 001 191

    The Department of the Prime Minister and Cabinet

    40 939 406 804

    Therapeutic Goods Administration

    57 155 285 807

    Torres Strait Regional Authority

    47 641 643 874

    Workplace Gender Equality Agency

    MIL OSI News –

    January 25, 2025
  • MIL-OSI United Kingdom: Ministers aim to create ‘top destination for women’s sport investment’

    Source: United Kingdom – Executive Government & Departments

    • English
    • Cymraeg

    Four Welsh organisations benefit from a UK government investment scheme as UK Government ministers seek to create a ‘top destination’ for women’s sport.

    Cricket ball next to a boundary rope.

    • Four Welsh organisations benefit from UK government investment scheme as ministers seek to create ‘top destination’ for women’s sport.
    • The Genero Adran Football League, Cardiff Dragons netball team, Celtic Challenge Rugby Union competition and England and Wales Women’s Cricket are all beneficiaries of the scheme.
    • Welsh Secretary says: “It’s really important that the UK Government develops schemes like this to make sure our female sportspeople get the investment they need to achieve success.”

    Four Welsh women’s sport organisations are set for a boost after being named as part of a UK Government scheme to grow investment in elite women’s clubs and leagues as part of a new pledge to make the UK the world’s top destination for women’s sport investment.

    The Department for Business and Trade will today [Wednesday 23rd October] launch the 2024-25 Women’s Sport Investment Accelerator scheme, which will bring over 20 elite leagues, competitions and teams together with investors and industry experts to help them secure transformational investment and sponsorships.

    It will provide them with comprehensive market insights, seminars, connections and networking opportunities over a series of sessions, led by the Department for Business and Trade in collaboration with Deloitte, which will give them the tools and expert insight to help them attract investment and grow their business.

    Elite rightsholders in Wales, the Genero Adran League, Cardiff Dragons, Celtic Challenge and England and Wales Women’s Cricket have been named to take part in the scheme. The announcement will be made at a sport investment conference at Rothschild & Co today, involving leaders from major UK sports and some the world’s most prominent international investors.

    Secretary of State for Wales, Jo Stevens, said:

    Wales has a proud history of producing world class female athletes and it’s fantastic to see this scheme being set up to encourage investment in women’s sport and help develop the stars of the future.

    Women’s sport has long been underfunded to it’s really important that the UK Government develops schemes like this to make sure our female sportspeople get the investment they need to achieve success.

    Wales Netball & Cardiff Dragons CEO, Vicki Sutton, said:

    Being part of the Department of Business and Trade and Deloitte Programme for the last year has been incredibly beneficial for netball in Wales and for my development and understanding as a leader in the sports sector.

    Women’s sport is on the rise and this programme has come at exactly the right time to compliment the worldwide movement currently in progress.

    Minister for Investment Poppy Gustafsson said: 

    The UK is already an elite home of women’s sport, and my goal is to make us the top destination for women’s sport investment.  

    The launch of this scheme, a week after our record-breaking International Investment Summit, shows the UK is truly the best place to do business in this fast-growing industry. 

    Off the back of the latest figures showing the industry could be worth over £1 billion this year, I’m looking forward to speaking to investors and clubs, leagues and teams today about how the Accelerator can drive this growth even further.” 

    Deloitte Sports Business Group Lead Partner Tim Bridge said:

    We’re witnessing a surge in investment opportunities within women’s sport. The rise of dedicated funds and brand sponsorships for women’s and girls’ clubs, leagues and competitions signals a powerful shift.

    The Accelerator programme has been built to connect investors and brands with these opportunities, showcasing the strength and remarkable growth potential of women’s sport. This influx of investment will be instrumental in driving professionalisation and boosting participation across the UK, creating a lasting impact for women’s sport at all levels while delivering significant economic returns.

    The scheme will capitalise on the rapid growth of the women’s sport industry, which is expected to be worth over £1 billion by the end of the year according to Deloitte, marking a 300 percent increase since 2021.

    The Government’s pledge to make the UK the top destination for women’s sport investment comes after the record-breaking International Investment Summit held just last week, which secured £63 billion of private investment into the UK which will create over 38,000 new jobs across the country.

    Full list of the elite sports represented in the 2024-25 Women’s Sport Investment Accelerator: 

    • Football 
    • Cricket 
    • Rugby union 
    • Rugby league 
    • Tennis 
    • Golf 
    • Netball 
    • Volleyball 
    • Cycling

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    Published 24 October 2024

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI Security: Final Defendant Pleads Guilty, Three Others Sentenced in Upstate Meth Trafficking Case

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    SPARTANBURG, S.C. — Three members of an Upstate drug ring have been sentenced to federal prison and the final member has pleaded guilty for their role in a methamphetamine trafficking conspiracy.

    Richard Brian Walker, 49, of Chesnee, was sentenced to 270 months’ imprisonment. Walker additionally pled guilty to possession of a firearm by a convicted felon, possession of a short-barreled rifle, and possession of a firearm in furtherance of a drug trafficking crime. 

    Rebecca Elizabeth Whitesides, 54, of Mooresboro, N.C., 120 months’ imprisonment. Whitesides also pled guilty to money laundering. 

    Amanda Gail Tuck, 45, of Chesnee, was sentenced to 70 months’ imprisonment.

    The final defendant Jeffrey Michael Wilson, 54, of Commerce, Georgia pled guilty to conspiracy to traffic methamphetamine and to possession with intent to distribute methamphetamine. Wilson was convicted in a prior federal methamphetamine conspiracy case in 2000.

    Evidence presented to the court showed that on Jan. 18, 2023, Spartanburg County Sheriff’s Office deputies pulled over Whitesides on I-85 and searched her car, finding almost two kilograms of methamphetamine. Investigation into her bank accounts demonstrated that she was assisting others to conceal payments for drug proceeds.

    On Feb. 22, 2023, Spartanburg County Sheriff’s Office was conducting surveillance on Walker’s home and observed Wilson’s car arrive and leave. Law enforcement conducted a traffic stop on Wilson, locating more than 5,800 grams of methamphetamine and a loaded semi-automatic pistol with 19 rounds. Over the course of the conspiracy, Wilson was responsible for trafficking 50 kilograms of methamphetamine with Walker.

    A search warrant was also executed on Walker’s residence and storage building that day, and investigators located over 500 grams of methamphetamine and 85 grams of fentanyl, a loaded pistol, a rifle, and an unmarked short-barreled AR-15 style rifle, commonly referred to as a “ghost gun.” Tuck was also located on the premises.

    Only a month later, on March 24, 2023, Cherokee County Sheriff’s Office deputies pulled over Tuck and located almost a kilogram of her methamphetamine in a U-Haul truck.

    United States District Judge Donald C. Coggins sentenced the defendants and accepted Wilson’s guilty plea.  The court ordered each sentence to be followed by a term of supervised release. Judge Coggins will sentence Wilson at a later date. The maximum penalty for the offense is life imprisonment. There is no parole in the federal system.

    This prosecution is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) investigation. OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money launderers, gangs, and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    This case was investigated by Homeland Security Investigations, the Bureau of Alcohol, Tobacco, Firearms and Explosives, U.S. Postal Inspection Service, South Carolina Department of Corrections Office of the Inspector General, Spartanburg County Sheriff’s Office, Cherokee County Sheriff’s Office, Greenville County Sheriff’s Office, and Greenville County Multi-Jurisdictional Drug Enforcement Unit. Assistant U.S. Attorney Jamie Schoen is prosecuting the case.

    ###

    MIL Security OSI –

    January 25, 2025
  • MIL-OSI Security: Repeat Domestic Abuser Sentenced to Federal Prison for Violently Attacking His Girlfriend

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

    pokane, Washington – On October 23, 2024, United States District Judge Thomas O. Rice sentenced James Edward Kensler, age 45, of Spokane, Washington, to 60 months in prison for violently assaulting his girlfriend. Judge Rice also imposed 3 years of supervised release. At the time of the offense, Kensler was on federal supervised release. As a penalty for the supervised release violation, Judge Rice imposed a penalty of 18 months which will be served consecutively to the 60-month sentence imposed in this case.

    According to court documents and information presented during proceedings in the case, Kensler was with his girlfriend at the Northern Quest Resort & Casino in May 2024.  Kensler, who is an enrolled member of the Confederated Tribes of the Colville Reservation, grabbed his victim by the back of the head and threw her on the ground with such force that the impact of her head hitting the couch moved two couches and a table forward.

    Kensler then chased his victim through the resort. When Kensler caught his victim, he again threw her to the ground, attempted to stomp on her face, punched her in the face, slapped her, and hit her with his knee. When Kensler’s victim attempted to escape a second time, he again pursued her and threw her into a closed elevator door.

    In the resort parking lot, Kalispel Tribal Police Officers apprehended Kensler and provided aid to his victim. Officers noted the victim’s face was swollen and that she had multiple scrapes.

    “Mr. Kensler violently and repeatedly assaulted his victim, causing her severe injuries.  Furthermore, Mr. Kenlser had a history of domestic violence offenses and was on federal supervised release at the time of this latest assault,” stated U.S. Attorney Vanessa Waldref. “Focusing our prosecutions on repeat offenders and those with prior domestic violence convictions is one of our strategies to support community safety and address the root causes underlying the MMIP crisis.  My office is committed to working with our partners in Tribal and Federal law enforcement to secure justice for all victims and to build safer and stronger communities on Tribal lands and throughout Eastern Washington.”

    “When Mr. Kensler was taken into custody, he was treated respectfully.” said Kelly M. Smith, Assistant Special Agent in Charge of the FBI’s Seattle field office. “The same cannot be said of how he treated his girlfriend. This case demonstrates successful partnerships, as in this case with the Kalispel Tribal Police, we can help reduce violent crime on our state’s reservations.”

    “We are committed to the safety and security of our guests,” said Police Chief Rodney Schurger of the Kalispel Tribal Police Department. “Our officers responded swiftly to this violent incident and worked closely with the FBI to ensure that justice was served.”

    “The safety of our guests, Tribal Members, and team members is our top priority,” said Kalispel Tribal Council Vice Chair Curt Holmes. “Domestic violence and other violent crimes are growing concerns across the nation and in the Spokane region. We are thankful for the prompt actions of our Tribal Police Department and the FBI’s involvement in this case. We also appreciate the U.S. Attorney’s Office for their dedication to prosecuting violent offenders like Mr. Kensler and helping to keep our communities safe.”

    This case was investigated by the FBI and the Kalispel Tribal Police. This case was prosecuted by Assistant United States Attorney Michael J. Ellis.

    2:24-cr-00074-TOR

    MIL Security OSI –

    January 25, 2025
  • MIL-OSI USA: Biden-Harris Administration announces nearly $35 million for water infrastructure in New Hampshire through Investing in America agenda

    US Senate News:

    Source: United States Senator for New Hampshire Maggie Hassan
    BOSTON (Oct. 23, 2024) –Today, the U.S. Environmental Protection Agency (EPA) announced $3.6 billion in new funding under the Biden-Harris Administration’s Bipartisan Infrastructure Law to upgrade water infrastructure and keep communities safe. Combined with $2.6 billion announced earlier this month, this $6.2 billion in investments for Fiscal Year 2025 will help communities across the country upgrade water infrastructure that is essential to safely managing wastewater, protecting local freshwater resources, and delivering safe drinking water to homes, schools, and businesses.
    These Bipartisan Infrastructure Law funds will flow through the Clean Water and Drinking Water State Revolving Funds (CWSRF and DWSRF), a long-standing federal-state water investment partnership. This multibillion-dollar investment will fund state-run, low-interest loan programs that address key challenges in financing water infrastructure. Today’s announcement includes allotments for Bipartisan Infrastructure Law Clean Water General Supplemental funds for New Hampshire ($24,867,000), Emerging Contaminant funds ($2,146,000), and $7,640,000 under the Drinking Water Emerging Contaminant Fund.
    This funding is part of a five-year, $50 billion investment in water infrastructure through the Bipartisan Infrastructure Law – the largest investment in water infrastructure in American history. To ensure investments reach communities that need them the most, the Bipartisan Infrastructure Law mandates that a majority of the funding announced today must be provided to disadvantaged communities in the form of grants or loans that do not have to be repaid.
    “Water keeps us healthy, sustains vibrant communities and dynamic ecosystems, and supports economic opportunity. When our water infrastructure fails, it threatens people’s health, peace of mind, and the environment,” said EPA Administrator Michael S. Regan. “With the Bipartisan Infrastructure Law’s historic investment in water, EPA is working with states and local partners to upgrade infrastructure and address local challenges—from lead in drinking water, to PFAS, to water main breaks, to sewer overflows and climate resilience. Together, we are creating good-paying jobs while ensuring that all people can rely on clean and safe water.”
    “Clean, reliable water is at the heart of every thriving community. Yet too many communities—especially those overburdened by pollution or left behind by past investments—face challenges accessing the resources they need to upgrade water infrastructure,” said EPA Regional Administrator David W. Cash. “Thanks to the Biden-Harris Administration, we are delivering transformative funding to support local solutions to water issues, from fixing aging infrastructure to addressing emerging contaminants like PFAS. These investments don’t just protect public health and reduce pollution in waterways; they also create good-paying jobs and help communities become more resilient for the future.”
    “The health and vitality of Granite State communities depend on clean water,” said U.S. Senator Jeanne Shaheen. “As a lead negotiator of the water provisions of the Bipartisan Infrastructure Law, I’m thrilled to see this funding headed to New Hampshire to strengthen our wastewater infrastructure, address forever chemicals and keep our lakes and rivers clean.”
    “Every Granite Stater deserves safe, clean drinking water, and this new $34 million in funding for New Hampshire through the bipartisan infrastructure law will help make that possible for more families,” said U.S. Senator Maggie Hassan. “I helped negotiate and pass into law this historic infrastructure package to help deliver results for our communities, and I am pleased to see these continued investments flowing to New Hampshire to upgrade our water systems and protect public health.”
    “Safe, clean water is essential to the health and well-being of our communities, our economy, and our way of life,” said U.S. Representative Annie Kuster. “With these resources made available through the Bipartisan Infrastructure Law, New Hampshire will be able to make critical improvements to our state’s water infrastructure, protect our freshwater ecosystems, and ensure more families and businesses have access to clean drinking water.”
    “Our drinking water and waste water systems in New Hampshire require investment and modernization to serve the needs of Granite Staters. That is why I fought to pass the bipartisan infrastructure law to deliver these federal resources to New Hampshire,” said U.S. Representative Chris Pappas. “I’ll keep fighting to ensure this law benefits Granite Staters by delivering clean drinking water, protecting our environment, and helping our communities and economy grow for the future.”
    EPA is changing the odds for communities that have faced barriers to planning and accessing federal funding through its Water Technical Assistance program, which helps disadvantaged communities identify water challenges, develop infrastructure upgrade plans, and apply for funding. Communities seeking Water Technical Assistance can request support by completing the WaterTA request form. These efforts also advance the Biden-Harris Administration’s Justice40 Initiative, which sets the goal that 40% of the overall benefits of certain Federal investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution.
    To read stories about how unprecedented investments in water from the Bipartisan Infrastructure Law are transforming communities across the country, visit EPA’s Investing in America’s Water Infrastructure Storymap. To read more about additional projects, see EPA’s recently released Quarterly Report on Bipartisan Infrastructure Law Funded Clean Water and Drinking Water SRF projects.
    For more information, including the state-by-state allocation of 2025 funding and a breakdown of EPA SRF funding available under the Bipartisan Infrastructure Law, please visit the Clean Water State Revolving Fund website and Drinking Water State Revolving Fund website. Additionally, the SRF Public Portal allows users to access data from both the Drinking Water and Clean Water SRF programs through interactive reports, dashboards, and maps.
    The State Revolving Fund (SRF) programs have been the foundation of water infrastructure investments for more than 30 years, providing low-cost financing for local projects across America. SRF programs are critically important programs for investing in the nation’s water infrastructure. They are designed to generate significant and sustainable water quality and public health benefits across the country. Their impact is amplified by the growth inherent in a revolving loan structure, in which payments of principal and interest on loans become available to address future needs.

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI USA: FACT SHEET: Vice President Harris Announces Record Lending to Small Businesses in 2024 and New Actions to Cut Red Tape and Expand Contracting Opportunities

    US Senate News:

    Source: The White House
    SBA backed over 100,000 small business financings this year—the most in over 15 years
    Today, Vice President Harris announced that the Small Business Administration (SBA) provided a record $56 billion through more than 100,000 small business financings in Fiscal Year (FY) 2024—the most in more than 15 years. The Vice President also announced new actions by the Biden-Harris Administration to cut red tape and expand access to Federal contracting opportunities.
    “Small businesses are the backbone of our economy. And we know that small business owners need access to capital to hire more employees, grow their businesses, and advance innovation,” said Vice President Harris. “Today I am proud to announce that the U.S. Small Business Administration has made record lending to over 100,000 small businesses in the last year, the most by the agency in over 15 years. When small businesses thrive, our local economies thrive.”
    The Biden-Harris Administration has powered a small business boom across the country. Since President Biden and Vice President Harris took office, American entrepreneurs have filed nearly 20 million applications to start new businesses. Business ownership has doubled among Black families and hit a 30-year high for Hispanic families.
    While the Biden-Harris Administration doubles down on supporting this small business boom, Congressional Republicans have repeatedly tried to cut SBA’s funding by nearly a third and want to raise taxes and costs for small businesses by repealing Inflation Reduction Act investments.
    Building on these efforts to support small businesses, Vice President Harris is announcing:
    New Records for Lending to Small Businesses
    The SBA released its 2024 Capital Impact Report, showing that the agency increased its lending to small businesses to a record high $56 billion in FY 2024—a 50% increase over FY 2020. Further, SBA provided over 100,000 small business financings last year—the most in over 15 years. Since FY 2020, SBA has increased lending to underserved businesses including a:
    3x increase in loans to Black-owned businesses
    2.5x increase in loans to Latino-owned businesses
    2x increase in loans to women-owned businesses
    2x increase in small dollar loans (loans of less than $150,000)
    Increasing Access to Federal Contracting Opportunities
    The SBA is proposing new regulations to increase small business participation on multiple award contracts, a popular buying tool used for over 20 percent of all contracting by the Federal Government. The proposed rule will require agencies to set aside orders made under these contracts when two or more small business contract holders are expected to submit competitive offers. Multiple award contracts allow agencies to meet mission needs in a timely, cost-effective manner by awarding task and delivery orders to contract holders using streamlined competitions.
    The SBA proposed rule will require agencies to take steps that make it easier for small businesses to become contract holders on multiple-award contracts where they will then be eligible to compete for task and delivery orders through streamlined competitions. SBA projects that the new rule, if finalized as proposed, will result in up to $6 billion in additional awards to small businesses each year. This new proposed rule will further implement OMB’s January 2024 memo on “Increasing Small Business Participation on Multiple-Award Contracts.” The members of the Federal Acquisition Regulatory Council will also be proposing regulatory changes in the near future to implement OMB’s guidance and align with SBA’s rulemaking.
    Direct Support to Meet Businesses’ Individual Needs
    This summer marked the first year of the Capital Readiness Program (CRP), funded by the Minority Business Development Agency (MBDA)’s State Small Business Credit Initiative (SSBCI) and announced by Vice President Harris in August 2023. The CRP is a $125 million investment to help minority and underserved entrepreneurs grow and scale their businesses, the largest-ever direct Federal investment in small business incubators and accelerators of its kind. Today’s data shows the incredible impacts the 43 program awardees have already made in their communities in the first year of the program. Through September 30, 2024, following their efforts to quickly stand-up programs, the 43 awardees have already:
    Enrolled over 6,300 small businesses
    Hosted nearly 2,500 networking events
    Supported the formation of over 2,600 new businesses
    Raised over $260 million in capital for small businesses
    Cutting Red Tape for Small Businesses Seeking Federal Contracts
    The SBA just launched MySBA Certifications to simplify and streamline certifications for small business Federal contractors. The Biden-Harris Administration committed to using every tool at its disposal to reduce administrative burden for small businesses seeking to compete for Federal contracts. Building on this goal, MySBA Certifications is a one-stop-shop that allows small business owners to apply for multiple certifications with a single application, rather than submitting separate applications for the HUBZone, 8(a), Women Owned, and Veteran Owned Small Business Certification programs. SBA also simplified and modernized its application—using plain language, eliminating redundant questions, and reducing documentation requirements—reducing the time to apply by 40% for a single certification and over 70% for multiple certifications. SBA’s new operational efficiencies will reduce processing times across the programs—meaning firms will receive their decisions more quickly and can begin competing for sole-source and set-aside contracts. In FY 2024, SBA certified more than 17,000 small businesses—a single year record and a nearly 40 percent increase over FY 2023. The agency expects to build on this success with MySBA Certifications and significantly grow the base of certified small business government contractors—helping the Federal Government meet the President’s 15 percent small disadvantaged business goal in FY 2025.
    Leveraging Public and Private Capital Through the State Small Business Credit Initiative
    The Department of the Treasury plans to release the 2022-2023 SSBCI Annual Report next week, providing additional background on data first previewed in July 2024. SSBCI is a nearly $10 billion program that is providing investment and support to small businesses across the country. Through 2023, SSBCI had already enabled access to $3.1 billion in public and private financing for thousands of small businesses. The report will show that 75% of transactions supported underserved businesses and 78% supported very small business with fewer than 10 employees through the end of 2023.
    In 2024, local jurisdictions have continued to leverage partnerships to catalyze SSBCI dollars. Efforts include:
    The Access Small Business program by Calvert Impact: This program leverages funds from SSBCI to bring access to capital and technical assistance to underserved small businesses in New York, New Jersey, Nevada, and Washington State, as well as access to capital markets for community lenders. Partners include the Community Reinvestment Fund, Grow America, and the Urban Investment Group at Goldman Sachs Alternatives.
    The Initiative for Inclusive Entrepreneurship (IIE): IIE is a public-private collaboration to ensure the equitable implementation of SSBCI. IIE’s initial 18-month pilot was incubated by Hyphen, a leading national public-private partnership accelerator. The initiative’s implementation partners include Aspen Institute’s Business Ownership Initiative, Founders First Capital Partners, JumpStart, Mission Driven Finance, Next Street, Nowak Metro Finance Lab, and Scale Link. Across IIE programs, the Initiative deployed over $10 million in direct funding and secured over $177 million in loans, loan matches, grants, and private capital. Additionally, Mission Driven Finance announced the Indigenous Futures Fund, combining a target of $25 million in credit and $2 million in grants to support Tribal SSBCI recipients. Starting in July 2024, the Milken Institute began serving as IIE’s new home.
    Tribal Consortia: In August 2024, SSBCI announced a consortium of 125 Alaska Tribes, the nation’s largest Tribal SSBCI consortium and part of the most expansive investment in small business financing for Tribal governments in history. In total, four Tribal consortium representing 170 Tribes have been awarded $124 million in SSBCI Capital Program funds to support investments in Tribal enterprises and small businesses. Partnerships among Tribal Nations are important to expanding the reach of SSBCI.
    Supportive Business Services: In September and October 2024, Treasury announced 14 awards to 12 states and two Tribal governments through the $75 million Investing in America Small Business Opportunity Program (SBOP). SBOP grantees will provide legal, accounting, and financial advisory services to small businesses in a wide range of industries and will engage at least 34 partners for program deployment.
    Developing New Tools to Help Small Businesses Access Capital, Customers, and Technical Assistance
    The Interagency Community Investment Committee (ICIC) developed fifteen state-specific small business resource guides, covering over 55 programs offered by nine federal agencies. The guides are intended to help small businesses identify federally-supported sources of capital and technical assistance available in their communities, and help direct businesses to federal contracting and tax resources. ICIC leadership has been conducting a series of virtual events in October with small business owners to talk about the Biden-Harris Administration’s small business programs and these new resource guides.

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI USA: Memorandum on Advancing the United  States’ Leadership in Artificial Intelligence; Harnessing Artificial Intelligence to Fulfill National Security Objectives; and Fostering the Safety, Security, and Trustworthiness of Artificial  Intelligence

    US Senate News:

    Source: The White House
    MEMORANDUM FOR THE VICE PRESIDENT
                   THE SECRETARY OF STATE
                   THE SECRETARY OF THE TREASURY
                   THE SECRETARY OF DEFENSE
                   THE ATTORNEY GENERAL
                   THE SECRETARY OF COMMERCE
                   THE SECRETARY OF ENERGY
                   THE SECRETARY OF HEALTH AND HUMAN SERVICES
                   THE SECRETARY OF HOMELAND SECURITY
                   THE DIRECTOR OF THE OFFICE OF MANAGEMENT AND BUDGET
                   THE DIRECTOR OF NATIONAL INTELLIGENCE
                   THE REPRESENTATIVE OF THE UNITED STATES OF AMERICA TO THE UNITED NATIONS
                   THE DIRECTOR OF THE CENTRAL INTELLIGENCE AGENCY
                   THE ASSISTANT TO THE PRESIDENT AND CHIEF OF STAFF
                   THE ASSISTANT TO THE PRESIDENT FOR NATIONAL SECURITY AFFAIRS
                   THE ASSISTANT TO THE PRESIDENT FOR ECONOMIC
                      POLICY AND DIRECTOR OF THE NATIONAL ECONOMIC COUNCIL
                   THE CHAIR OF THE COUNCIL OF ECONOMIC ADVISERS
                   THE DIRECTOR OF THE OFFICE OF SCIENCE AND TECHNOLOGY POLICY
                   THE ADMINISTRATOR OF THE UNITED STATES AGENCY FOR INTERNATIONAL DEVELOPMENT
                   THE DIRECTOR OF THE NATIONAL SCIENCE FOUNDATION
                   THE DIRECTOR OF THE FEDERAL BUREAU OF INVESTIGATION
                   THE NATIONAL CYBER DIRECTOR
                   THE DIRECTOR OF THE OFFICE OF PANDEMIC PREPAREDNESS AND RESPONSE POLICY
                   THE DIRECTOR OF THE NATIONAL SECURITY AGENCY
                   THE DIRECTOR OF THE NATIONAL GEOSPATIAL-INTELLIGENCE AGENCY
                   THE DIRECTOR OF THE DEFENSE INTELLIGENCE AGENCY
    SUBJECT:       Advancing the United States’ Leadership in
                   Artificial Intelligence; Harnessing Artificial
                   Intelligence to Fulfill National Security
                   Objectives; and Fostering the Safety, Security,
                   and Trustworthiness of Artificial Intelligence
         Section 1.  Policy.  (a)  This memorandum fulfills the directive set forth in subsection 4.8 of Executive Order 14110 of October 30, 2023 (Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence).  This memorandum provides further direction on appropriately harnessing artificial intelligence (AI) models and AI-enabled technologies in the United States Government, especially in the context of national security systems (NSS), while protecting human rights, civil rights, civil liberties, privacy, and safety in AI-enabled national security activities.  A classified annex to this memorandum addresses additional sensitive national security issues, including countering adversary use of AI that poses risks to United States national security.
         (b)  United States national security institutions have historically triumphed during eras of technological transition.  To meet changing times, they developed new capabilities, from submarines and aircraft to space systems and cyber tools.  To gain a decisive edge and protect national security, they pioneered technologies such as radar, the Global Positioning System, and nuclear propulsion, and unleashed these hard-won breakthroughs on the battlefield.  With each paradigm shift, they also developed new systems for tracking and countering adversaries’ attempts to wield cutting-edge technology for their own advantage.
         (c)  AI has emerged as an era-defining technology and has demonstrated significant and growing relevance to national security.  The United States must lead the world in the responsible application of AI to appropriate national security functions.  AI, if used appropriately and for its intended purpose, can offer great benefits.  If misused, AI could threaten United States national security, bolster authoritarianism worldwide, undermine democratic institutions and processes, facilitate human rights abuses, and weaken the rules-based international order.  Harmful outcomes could occur even without malicious intent if AI systems and processes lack sufficient protections.
         (d)  Recent innovations have spurred not only an increase in AI use throughout society, but also a paradigm shift within the AI field — one that has occurred mostly outside of Government.  This era of AI development and deployment rests atop unprecedented aggregations of specialized computational power, as well as deep scientific and engineering expertise, much of which is concentrated in the private sector.  This trend is most evident with the rise of large language models, but it extends to a broader class of increasingly general-purpose and computationally intensive systems.  The United States Government must urgently consider how this current AI paradigm specifically could transform the national security mission.
         (e)  Predicting technological change with certainty is impossible, but the foundational drivers that have underpinned recent AI progress show little sign of abating.  These factors include compounding algorithmic improvements, increasingly efficient computational hardware, a growing willingness in industry to invest substantially in research and development, and the expansion of training data sets.  AI under the current paradigm may continue to become more powerful and general-purpose.  Developing and effectively using these systems requires an evolving array of resources, infrastructure, competencies, and workflows that in many cases differ from what was required to harness prior technologies, including previous paradigms of AI.
         (f)  If the United States Government does not act with responsible speed and in partnership with industry, civil society, and academia to make use of AI capabilities in service of the national security mission — and to ensure the safety, security, and trustworthiness of American AI innovation writ large — it risks losing ground to strategic competitors.  Ceding the United States’ technological edge would not only greatly harm American national security, but it would also undermine United States foreign policy objectives and erode safety, human rights, and democratic norms worldwide.
         (g)  Establishing national security leadership in AI will require making deliberate and meaningful changes to aspects of the United States Government’s strategies, capabilities, infrastructure, governance, and organization.  AI is likely to affect almost all domains with national security significance, and its use cannot be relegated to a single institutional silo.  The increasing generality of AI means that many functions that to date have been served by individual bespoke tools may, going forward, be better fulfilled by systems that, at least in part, rely on a shared, multi-purpose AI capability.  Such integration will only succeed if paired with appropriately redesigned United States Government organizational and informational infrastructure.
         (h)  In this effort, the United States Government must also protect human rights, civil rights, civil liberties, privacy, and safety, and lay the groundwork for a stable and responsible international AI governance landscape.  Throughout its history, the United States has been a global leader in shaping the design, development, and use of new technologies not only to advance national security, but also to protect and promote democratic values.  The United States Government must develop safeguards for its use of AI tools, and take an active role in steering global AI norms and institutions.  The AI frontier is moving quickly, and the United States Government must stay attuned to ongoing technical developments without losing focus on its guiding principles.
         (i)  This memorandum aims to catalyze needed change in how the United States Government approaches AI national security policy.  In line with Executive Order 14110, it directs actions to strengthen and protect the United States AI ecosystem; improve the safety, security, and trustworthiness of AI systems developed and used in the United States; enhance the United States Government’s appropriate, responsible, and effective adoption of AI in service of the national security mission; and minimize the misuse of AI worldwide.
    Sec. 2.  Objectives.  It is the policy of the United States Government that the following three objectives will guide its activities with respect to AI and national security.
         (a)  First, the United States must lead the world’s development of safe, secure, and trustworthy AI.  To that end, the United States Government must — in partnership with industry, civil society, and academia — promote and secure the foundational capabilities across the United States that power AI development.  The United States Government cannot take the unmatched vibrancy and innovativeness of the United States AI ecosystem for granted; it must proactively strengthen it, ensuring that the United States remains the most attractive destination for global talent and home to the world’s most sophisticated computational facilities.  The United States Government must also provide appropriate safety and security guidance to AI developers and users, and rigorously assess and help mitigate the risks that AI systems could pose.
         (b)  Second, the United States Government must harness powerful AI, with appropriate safeguards, to achieve national security objectives.  Emerging AI capabilities, including increasingly general-purpose models, offer profound opportunities for enhancing national security, but employing these systems effectively will require significant technical, organizational, and policy changes.  The United States must understand AI’s limitations as it harnesses the technology’s benefits, and any use of AI must respect democratic values with regard to transparency, human rights, civil rights, civil liberties, privacy, and safety.
         (c)  Third, the United States Government must continue cultivating a stable and responsible framework to advance international AI governance that fosters safe, secure, and trustworthy AI development and use; manages AI risks; realizes democratic values; respects human rights, civil rights, civil liberties, and privacy; and promotes worldwide benefits from AI.  It must do so in collaboration with a wide range of allies and partners.  Success for the United States in the age of AI will be measured not only by the preeminence of United States technology and innovation, but also by the United States’ leadership in developing effective global norms and engaging in institutions rooted in international law, human rights, civil rights, and democratic values.
    Sec. 3.  Promoting and Securing the United States’ Foundational AI Capabilities.  (a)  To preserve and expand United States advantages in AI, it is the policy of the United States Government to promote progress, innovation, and competition in domestic AI development; protect the United States AI ecosystem against foreign intelligence threats; and manage risks to AI safety, security, and trustworthiness.  Leadership in responsible AI development benefits United States national security by enabling applications directly relevant to the national security mission, unlocking economic growth, and avoiding strategic surprise.  United States technological leadership also confers global benefits by enabling like-minded entities to collectively mitigate the risks of AI misuse and accidents, prevent the unchecked spread of digital authoritarianism, and prioritize vital research.
         3.1.  Promoting Progress, Innovation, and Competition in United States AI Development.  (a)  The United States’ competitive edge in AI development will be at risk absent concerted United States Government efforts to promote and secure domestic AI progress, innovation, and competition.  Although the United States has benefited from a head start in AI, competitors are working hard to catch up, have identified AI as a top strategic priority, and may soon devote resources to research and development that United States AI developers cannot match without appropriately supportive Government policies and action.  It is therefore the policy of the United States Government to enhance innovation and competition by bolstering key drivers of AI progress, such as technical talent and computational power.
         (b)  It is the policy of the United States Government that advancing the lawful ability of noncitizens highly skilled in AI and related fields to enter and work in the United States constitutes a national security priority.  Today, the unparalleled United States AI industry rests in substantial part on the insights of brilliant scientists, engineers, and entrepreneurs who moved to the United States in pursuit of academic, social, and economic opportunity.  Preserving and expanding United States talent advantages requires developing talent at home and continuing to attract and retain top international minds.
         (c)  Consistent with these goals:
    (i)    On an ongoing basis, the Department of State, the Department of Defense (DOD), and the Department of Homeland Security (DHS) shall each use all available legal authorities to assist in attracting and rapidly bringing to the United States individuals with relevant technical expertise who would improve United States competitiveness in AI and related fields, such as semiconductor design and production.  These activities shall include all appropriate vetting of these individuals and shall be consistent with all appropriate risk mitigation measures.  This tasking is consistent with and additive to the taskings on attracting AI talent in section 5 of Executive Order 14110.
    (ii)   Within 180 days of the date of this memorandum, the Chair of the Council of Economic Advisers shall prepare an analysis of the AI talent market in the United States and overseas, to the extent that reliable data is available.
    (iii)  Within 180 days of the date of this memorandum, the Assistant to the President for Economic Policy and Director of the National Economic Council shall coordinate an economic assessment of the relative competitive advantage of the United States private sector AI ecosystem, the key sources of the United States private sector’s competitive advantage, and possible risks to that position, and shall recommend policies to mitigate them.  The assessment could include areas including (1) the design, manufacture, and packaging of chips critical in AI-related activities; (2) the availability of capital; (3) the availability of workers highly skilled in AI-related fields; (4) computational resources and the associated electricity requirements; and (5) technological platforms or institutions with the requisite scale of capital and data resources for frontier AI model development, as well as possible other factors.
    (iv)   Within 90 days of the date of this memorandum, the Assistant to the President for National Security Affairs (APNSA) shall convene appropriate executive departments and agencies (agencies) to explore actions for prioritizing and streamlining administrative processing operations for all visa applicants working with sensitive technologies.  Doing so shall assist with streamlined processing of highly skilled applicants in AI and other critical and emerging technologies.  This effort shall explore options for ensuring the adequate resourcing of such operations and narrowing the criteria that trigger secure advisory opinion requests for such applicants, as consistent with national security objectives.
         (d)  The current paradigm of AI development depends heavily on computational resources.  To retain its lead in AI, the United States must continue developing the world’s most sophisticated AI semiconductors and constructing its most advanced AI-dedicated computational infrastructure.
         (e)  Consistent with these goals:
    (i)    DOD, the Department of Energy (DOE) (including national laboratories), and the Intelligence Community (IC) shall, when planning for and constructing or renovating computational facilities, consider the applicability of large-scale AI to their mission.  Where appropriate, agencies shall design and build facilities capable of harnessing frontier AI for relevant scientific research domains and intelligence analysis.  Those investments shall be consistent with the Federal Mission Resilience Strategy adopted in Executive Order 13961 of December 7, 2020 (Governance and Integration of Federal Mission Resilience).
    (ii)   On an ongoing basis, the National Science Foundation (NSF) shall, consistent with its authorities, use the National AI Research Resource (NAIRR) pilot project and any future NAIRR efforts to distribute computational resources, data, and other critical assets for AI development to a diverse array of actors that otherwise would lack access to such capabilities — such as universities, nonprofits, and independent researchers (including trusted international collaborators) — to ensure that AI research in the United States remains competitive and innovative.  This tasking is consistent with the NAIRR pilot assigned in section 5 of Executive Order 14110.
    (iii)  Within 180 days of the date of this memorandum, DOE shall launch a pilot project to evaluate the performance and efficiency of federated AI and data sources for frontier AI-scale training, fine-tuning, and inference.
    (iv)   The Office of the White House Chief of Staff, in coordination with DOE and other relevant agencies, shall coordinate efforts to streamline permitting, approvals, and incentives for the construction of AI-enabling infrastructure, as well as surrounding assets supporting the resilient operation of this infrastructure, such as clean energy generation, power transmission lines, and high-capacity fiber data links.  These efforts shall include coordination, collaboration, consultation, and partnership with State, local, Tribal, and territorial governments, as appropriate, and shall be consistent with the United States’ goals for managing climate risks.
    (v)    The Department of State, DOD, DOE, the IC, and the Department of Commerce (Commerce) shall, as appropriate and consistent with applicable law, use existing authorities to make public investments and encourage private investments in strategic domestic and foreign AI technologies and adjacent fields.  These agencies shall assess the need for new authorities for the purposes of facilitating public and private investment in AI and adjacent capabilities.
         3.2.  Protecting United States AI from Foreign Intelligence Threats.  (a)  In addition to pursuing industrial strategies that support their respective AI industries, foreign states almost certainly aim to obtain and repurpose the fruits of AI innovation in the United States to serve their national security goals.  Historically, such competitors have employed techniques including research collaborations, investment schemes, insider threats, and advanced cyber espionage to collect and exploit United States scientific insights.  It is the policy of the United States Government to protect United States industry, civil society, and academic AI intellectual property and related infrastructure from foreign intelligence threats to maintain a lead in foundational capabilities and, as necessary, to provide appropriate Government assistance to relevant non-government entities.
         (b)  Consistent with these goals:
    (i)   Within 90 days of the date of this memorandum, the National Security Council (NSC) staff and the Office of the Director of National Intelligence (ODNI) shall review the President’s Intelligence Priorities and the National Intelligence Priorities Framework consistent with National Security Memorandum 12 of July 12, 2022 (The President’s Intelligence Priorities), and make recommendations to ensure that such priorities improve identification and assessment of foreign intelligence threats to the United States AI ecosystem and closely related enabling sectors, such as those involved in semiconductor design and production.
    (ii)  Within 180 days of the date of this memorandum, and on an ongoing basis thereafter, ODNI, in coordination with DOD, the Department of Justice (DOJ), Commerce, DOE, DHS, and other IC elements as appropriate, shall identify critical nodes in the AI supply chain, and develop a list of the most plausible avenues through which these nodes could be disrupted or compromised by foreign actors.  On an ongoing basis, these agencies shall take all steps, as appropriate and consistent with applicable law, to reduce such risks.
         (c)  Foreign actors may also seek to obtain United States intellectual property through gray-zone methods, such as technology transfer and data localization requirements.  AI-related intellectual property often includes critical technical artifacts (CTAs) that would substantially lower the costs of recreating, attaining, or using powerful AI capabilities.  The United States Government must guard against these risks.
         (d)  Consistent with these goals:
    (i)  In furtherance of Executive Order 14083 of September 15, 2022 (Ensuring Robust Consideration of Evolving National Security Risks by the Committee on Foreign Investment in the United States), the Committee on Foreign Investment in the United States shall, as appropriate, consider whether a covered transaction involves foreign actor access to proprietary information on AI training techniques, algorithmic improvements, hardware advances, CTAs, or other proprietary insights that shed light on how to create and effectively use powerful AI systems.
         3.3.  Managing Risks to AI Safety, Security, and Trustworthiness.  (a)  Current and near-future AI systems could pose significant safety, security, and trustworthiness risks, including those stemming from deliberate misuse and accidents.  Across many technological domains, the United States has historically led the world not only in advancing capabilities, but also in developing the tests, standards, and norms that underpin reliable and beneficial global adoption.  The United States approach to AI should be no different, and proactively constructing testing infrastructure to assess and mitigate AI risks will be essential to realizing AI’s positive potential and to preserving United States AI leadership.
         (b)  It is the policy of the United States Government to pursue new technical and policy tools that address the potential challenges posed by AI.  These tools include processes for reliably testing AI models’ applicability to harmful tasks and deeper partnerships with institutions in industry, academia, and civil society capable of advancing research related to AI safety, security, and trustworthiness.
         (c)  Commerce, acting through the AI Safety Institute (AISI) within the National Institute of Standards and Technology (NIST), shall serve as the primary United States Government point of contact with private sector AI developers to facilitate voluntary pre- and post-public deployment testing for safety, security, and trustworthiness of frontier AI models.  In coordination with relevant agencies as appropriate, Commerce shall establish an enduring capability to lead voluntary unclassified pre-deployment safety testing of frontier AI models on behalf of the United States Government, including assessments of risks relating to cybersecurity, biosecurity, chemical weapons, system autonomy, and other risks as appropriate (not including nuclear risk, the assessment of which shall be led by DOE).  Voluntary unclassified safety testing shall also, as appropriate, address risks to human rights, civil rights, and civil liberties, such as those related to privacy, discrimination and bias, freedom of expression, and the safety of individuals and groups.  Other agencies, as identified in subsection 3.3(f) of this section, shall establish enduring capabilities to perform complementary voluntary classified testing in appropriate areas of expertise.  The directives set forth in this subsection are consistent with broader taskings on AI safety in section 4 of Executive Order 14110, and provide additional clarity on agencies’ respective roles and responsibilities.
         (d)  Nothing in this subsection shall inhibit agencies from performing their own evaluations of AI systems, including tests performed before those systems are released to the public, for the purposes of evaluating suitability for that agency’s acquisition and procurement.  AISI’s responsibilities do not extend to the evaluation of AI systems for the potential use by the United States Government for national security purposes; those responsibilities lie with agencies considering such use, as outlined in subsection 4.2(e) of this memorandum and the associated framework described in that subsection.
         (e)  Consistent with these goals, Commerce, acting through AISI within NIST, shall take the following actions to aid in the evaluation of current and near-future AI systems:
    (i)    Within 180 days of the date of this memorandum and subject to private sector cooperation, AISI shall pursue voluntary preliminary testing of at least two frontier AI models prior to their public deployment or release to evaluate capabilities that might pose a threat to national security.  This testing shall assess models’ capabilities to aid offensive cyber operations, accelerate development of biological and/or chemical weapons, autonomously carry out malicious behavior, automate development and deployment of other models with such capabilities, and give rise to other risks identified by AISI.  AISI shall share feedback with the APNSA, interagency counterparts as appropriate, and the respective model developers regarding the results of risks identified during such testing and any appropriate mitigations prior to deployment.
    (ii)   Within 180 days of the date of this memorandum, AISI shall issue guidance for AI developers on how to test, evaluate, and manage risks to safety, security, and trustworthiness arising from dual-use foundation models, building on guidelines issued pursuant to subsection 4.1(a) of Executive Order 14110.  AISI shall issue guidance on topics including:
    (A)  How to measure capabilities that are relevant to the risk that AI models could enable the development of biological and chemical weapons or the automation of offensive cyber operations;
    (B)  How to address societal risks, such as the misuse of models to harass or impersonate individuals;
    (C)  How to develop mitigation measures to prevent malicious or improper use of models;
    (D)  How to test the efficacy of safety and security mitigations; and
    (E)  How to apply risk management practices throughout the development and deployment lifecycle (pre-development, development, and deployment/release).
    (iii)  Within 180 days of the date of this memorandum, AISI, in consultation with other agencies as appropriate, shall develop or recommend benchmarks or other methods for assessing AI systems’ capabilities and limitations in science, mathematics, code generation, and general reasoning, as well as other categories of activity that AISI deems relevant to assessing general-purpose capabilities likely to have a bearing on national security and public safety.
    (iv)   In the event that AISI or another agency determines that a dual-use foundation model’s capabilities could be used to harm public safety significantly, AISI shall serve as the primary point of contact through which the United States Government communicates such findings and any associated recommendations regarding risk mitigation to the developer of the model.
    (v)    Within 270 days of the date of this memorandum, and at least annually thereafter, AISI shall submit to the President, through the APNSA, and provide to other interagency counterparts as appropriate, at minimum one report that shall include the following:
    (A)  A summary of findings from AI safety assessments of frontier AI models that have been conducted by or shared with AISI;
    (B)  A summary of whether AISI deemed risk mitigation necessary to resolve any issues identified in the assessments, along with conclusions regarding any mitigations’ efficacy; and
    (C)  A summary of the adequacy of the science-based tools and methods used to inform such assessments.
         (f)  Consistent with these goals, other agencies specified below shall take the following actions, in coordination with Commerce, acting through AISI within NIST, to provide classified sector-specific evaluations of current and near-future AI systems for cyber, nuclear, and radiological risks:
    (i)    All agencies that conduct or fund safety testing and evaluations of AI systems shall share the results of such evaluations with AISI within 30 days of their completion, consistent with applicable protections for classified and controlled information.
    (ii)   Within 120 days of the date of this memorandum, the National Security Agency (NSA), acting through its AI Security Center (AISC) and in coordination with AISI, shall develop the capability to perform rapid systematic classified testing of AI models’ capacity to detect, generate, and/or exacerbate offensive cyber threats.  Such tests shall assess the degree to which AI systems, if misused, could accelerate offensive cyber operations.
    (iii)  Within 120 days of the date of this memorandum, DOE, acting primarily through the National Nuclear Security Administration (NNSA) and in close coordination with AISI and NSA, shall seek to develop the capability to perform rapid systematic testing of AI models’ capacity to generate or exacerbate nuclear and radiological risks.  This initiative shall involve the development and maintenance of infrastructure capable of running classified and unclassified tests, including using restricted data and relevant classified threat information.  This initiative shall also feature the creation and regular updating of automated evaluations, the development of an interface for enabling human-led red-teaming, and the establishment of technical and legal tooling necessary for facilitating the rapid and secure transfer of United States Government, open-weight, and proprietary models to these facilities.  As part of this initiative:
    (A)  Within 180 days of the date of this memorandum, DOE shall use the capability described in subsection 3.3(f)(iii) of this section to complete initial evaluations of the radiological and nuclear knowledge, capabilities, and implications of a frontier AI model no more than 30 days after the model has been made available to NNSA at an appropriate classification level.  These evaluations shall involve tests of AI systems both without significant modifications and, as appropriate, with fine-tuning or other modifications that could enhance performance.
    (B)  Within 270 days of the date of this memorandum, and at least annually thereafter, DOE shall submit to the President, through the APNSA, at minimum one assessment that shall include the following:
    (1)  A concise summary of the findings of each AI model evaluation for radiological and nuclear risk, described in subsection 3.3(f)(iii)(A) of this section, that DOE has performed in the preceding 12 months;
    (2)  A recommendation as to whether corrective action is necessary to resolve any issues identified in the evaluations, including but not limited to actions necessary for attaining and sustaining compliance conditions appropriate to safeguard and prevent unauthorized disclosure of restricted data or other classified information, pursuant to the Atomic Energy Act of 1954; and
    (3)  A concise statement regarding the adequacy of the science-based tools and methods used to inform the evaluations.
    (iv)   On an ongoing basis, DHS, acting through the Cybersecurity and Infrastructure Security Agency (CISA), shall continue to fulfill its responsibilities with respect to the application of AISI guidance, as identified in National Security Memorandum 22 of April 30, 2024 (Critical Infrastructure Security and Resilience), and section 4 of Executive Order 14110.
         (g)  Consistent with these goals, and to reduce the chemical and biological risks that could emerge from AI:
    (i)    The United States Government shall advance classified evaluations of advanced AI models’ capacity to generate or exacerbate deliberate chemical and biological threats.  As part of this initiative:
    (A)  Within 210 days of the date of this memorandum, DOE, DHS, and AISI, in consultation with DOD and other relevant agencies, shall coordinate to develop a roadmap for future classified evaluations of advanced AI models’ capacity to generate or exacerbate deliberate chemical and biological threats, to be shared with the APNSA.  This roadmap shall consider the scope, scale, and priority of classified evaluations; proper safeguards to ensure that evaluations and simulations are not misconstrued as offensive capability development; proper safeguards for testing sensitive and/or classified information; and sustainable implementation of evaluation methodologies.
    (B)  On an ongoing basis, DHS shall provide expertise, threat and risk information, and other technical support to assess the feasibility of proposed biological and chemical classified evaluations; interpret and contextualize evaluation results; and advise relevant agencies on potential risk mitigations.
    (C)  Within 270 days of the date of this memorandum, DOE shall establish a pilot project to provide expertise, infrastructure, and facilities capable of conducting classified tests in this area.
    (ii)   Within 240 days of the date of this memorandum, DOD, the Department of Health and Human Services (HHS), DOE (including national laboratories), DHS, NSF, and other agencies pursuing the development of AI systems substantially trained on biological and chemical data shall, as appropriate, support efforts to utilize high-performance computing resources and AI systems to enhance biosafety and biosecurity.  These efforts shall include:
    (A)  The development of tools for screening in silico chemical and biological research and technology;
    (B)  The creation of algorithms for nucleic acid synthesis screening;
    (C)  The construction of high-assurance software foundations for novel biotechnologies;
    (D)  The screening of complete orders or data streams from cloud labs and biofoundries; and
    (E)  The development of risk mitigation strategies such as medical countermeasures.
    (iii)  After the publication of biological and chemical safety guidance by AISI outlined in subsection 3.3(e) of this section, all agencies that directly develop relevant dual-use foundation AI models that are made available to the public and are substantially trained on biological or chemical data shall incorporate this guidance into their agency’s practices, as appropriate and feasible.
    (iv)   Within 180 days of the date of this memorandum, NSF, in coordination with DOD, Commerce (acting through AISI within NIST), HHS, DOE, the Office of Science and Technology Policy (OSTP), and other relevant agencies, shall seek to convene academic research institutions and scientific publishers to develop voluntary best practices and standards for publishing computational biological and chemical models, data sets, and approaches, including those that use AI and that could contribute to the production of knowledge, information, technologies, and products that could be misused to cause harm.  This is in furtherance of the activities described in subsections 4.4 and 4.7 of Executive Order 14110.
    (v)    Within 540 days of the date of this memorandum, and informed by the United States Government Policy for Oversight of Dual Use Research of Concern and Pathogens with Enhanced Pandemic Potential, OSTP, NSC staff, and the Office of Pandemic Preparedness and Response Policy, in consultation with relevant agencies and external stakeholders as appropriate, shall develop guidance promoting the benefits of and mitigating the risks associated with in silico biological and chemical research.
         (h)  Agencies shall take the following actions to improve foundational understanding of AI safety, security, and trustworthiness:
    (i)   DOD, Commerce, DOE, DHS, ODNI, NSF, NSA, and the National Geospatial-Intelligence Agency (NGA) shall, as appropriate and consistent with applicable law, prioritize research on AI safety and trustworthiness.  As appropriate and consistent with existing authorities, they shall pursue partnerships as appropriate with leading public sector, industry, civil society, academic, and other institutions with expertise in these domains, with the objective of accelerating technical and socio-technical progress in AI safety and trustworthiness.  This work may include research on interpretability, formal methods, privacy enhancing technologies, techniques to address risks to civil liberties and human rights, human-AI interaction, and/or the socio-technical effects of detecting and labeling synthetic and authentic content (for example, to address the malicious use of AI to generate misleading videos or images, including those of a strategically damaging or non-consensual intimate nature, of political or public figures).
    (ii)  DOD, Commerce, DOE, DHS, ODNI, NSF, NSA, and NGA shall, as appropriate and consistent with applicable law, prioritize research to improve the security, robustness, and reliability of AI systems and controls.  These entities shall, as appropriate and consistent with applicable law, partner with other agencies, industry, civil society, and academia.  Where appropriate, DOD, DHS (acting through CISA), the Federal Bureau of Investigation, and NSA (acting through AISC) shall publish unclassified guidance concerning known AI cybersecurity vulnerabilities and threats; best practices for avoiding, detecting, and mitigating such issues during model training and deployment; and the integration of AI into other software systems.  This work shall include an examination of the role of and vulnerabilities potentially caused by AI systems used in critical infrastructure.
         (i)  Agencies shall take actions to protect classified and controlled information, given the potential risks posed by AI:
    (i)  In the course of regular updates to policies and procedures, DOD, DOE, and the IC shall consider how analysis enabled by AI tools may affect decisions related to declassification of material, standards for sufficient anonymization, and similar activities, as well as the robustness of existing operational security and equity controls to protect classified or controlled information, given that AI systems have demonstrated the capacity to extract previously inaccessible insight from redacted and anonymized data.
    Sec. 4.  Responsibly Harnessing AI to Achieve National Security Objectives.  (a)  It is the policy of the United States Government to act decisively to enable the effective and responsible use of AI in furtherance of its national security mission.  Achieving global leadership in national security applications of AI will require effective partnership with organizations outside Government, as well as significant internal transformation, including strengthening effective oversight and governance functions.
         4.1.  Enabling Effective and Responsible Use of AI.  (a)  It is the policy of the United States Government to adapt its partnerships, policies, and infrastructure to use AI capabilities appropriately, effectively, and responsibly.  These modifications must balance each agency’s unique oversight, data, and application needs with the substantial benefits associated with sharing powerful AI and computational resources across the United States Government.  Modifications must also be grounded in a clear understanding of the United States Government’s comparative advantages relative to industry, civil society, and academia, and must leverage offerings from external collaborators and contractors as appropriate.  The United States Government must make the most of the rich United States AI ecosystem by incentivizing innovation in safe, secure, and trustworthy AI and promoting industry competition when selecting contractors, grant recipients, and research collaborators.  Finally, the United States Government must address important technical and policy considerations in ways that ensure the integrity and interoperability needed to pursue its objectives while protecting human rights, civil rights, civil liberties, privacy, and safety.
         (b)  The United States Government needs an updated set of Government-wide procedures for attracting, hiring, developing, and retaining AI and AI-enabling talent for national security purposes.
         (c)  Consistent with these goals:
    (i)   In the course of regular legal, policy, and compliance framework reviews, the Department of State, DOD, DOJ, DOE, DHS, and IC elements shall revise, as appropriate, their hiring and retention policies and strategies to accelerate responsible AI adoption.  Agencies shall account for technical talent needs required to adopt AI and integrate it into their missions and other roles necessary to use AI effectively, such as AI-related governance, ethics, and policy positions.  These policies and strategies shall identify financial, organizational, and security hurdles, as well as potential mitigations consistent with applicable law.  Such measures shall also include consideration of programs to attract experts with relevant technical expertise from industry, academia, and civil society — including scholarship for service programs — and similar initiatives that would expose Government employees to relevant non-government entities in ways that build technical, organizational, and cultural familiarity with the AI industry.  These policies and strategies shall use all available authorities, including expedited security clearance procedures as appropriate, in order to address the shortfall of AI-relevant talent within Government.
    (ii)  Within 120 days of the date of this memorandum, the Department of State, DOD, DOJ, DOE, DHS, and IC elements shall each, in consultation with the Office of Management and Budget (OMB), identify education and training opportunities to increase the AI competencies of their respective workforces, via initiatives which may include training and skills-based hiring.
         (d)  To accelerate the use of AI in service of its national security mission, the United States Government needs coordinated and effective acquisition and procurement systems.  This will require an enhanced capacity to assess, define, and articulate AI-related requirements for national security purposes, as well as improved accessibility for AI companies that lack significant prior experience working with the United States Government.
         (e)  Consistent with these goals:
    (i)    Within 30 days of the date of this memorandum, DOD and ODNI, in coordination with OMB and other agencies as appropriate, shall establish a working group to address issues involving procurement of AI by DOD and IC elements and for use on NSS.  As appropriate, the working group shall consult the Director of the NSA, as the National Manager for NSS, in developing recommendations for acquiring and procuring AI for use on NSS.
    (ii)   Within 210 days of the date of this memorandum, the working group described in subsection 4.1(e)(i) of this section shall provide written recommendations to the Federal Acquisition Regulatory Council (FARC) regarding changes to existing regulations and guidance, as appropriate and consistent with applicable law, to promote the following objectives for AI procured by DOD and IC elements and for use on NSS:
    (A)  Ensuring objective metrics to measure and promote the safety, security, and trustworthiness of AI systems;
    (B)  Accelerating the acquisition and procurement process for AI, consistent with the Federal Acquisition Regulation, while maintaining appropriate checks to mitigate safety risks;  
    (C)  Simplifying processes such that companies without experienced contracting teams may meaningfully compete for relevant contracts, to ensure that the United States Government has access to a wide range of AI systems and that the AI marketplace is competitive;
    (D)  Structuring competitions to encourage robust participation and achieve best value to the Government, such as by including requirements that promote interoperability and prioritizing the technical capability of vendors when evaluating offers;
    (E)  Accommodating shared use of AI to the greatest degree possible and as appropriate across relevant agencies; and
    (F)  Ensuring that agencies with specific authorities and missions may implement other policies, where appropriate and necessary.
    (iii)  The FARC shall, as appropriate and consistent with applicable law, consider proposing amendments to the Federal Acquisition Regulation to codify recommendations provided by the working group pursuant to subsection 4.1(e)(ii) of this section that may have Government-wide application.
    (iv)   DOD and ODNI shall seek to engage on an ongoing basis with diverse United States private sector stakeholders — including AI technology and defense companies and members of the United States investor community — to identify and better understand emerging capabilities that would benefit or otherwise affect the United States national security mission.
         (f)  The United States Government needs clear, modernized, and robust policies and procedures that enable the rapid development and national security use of AI, consistent with human rights, civil rights, civil liberties, privacy, safety, and other democratic values.
         (g)  Consistent with these goals:
    (i)    DOD and the IC shall, in consultation with DOJ as appropriate, review their respective legal, policy, civil liberties, privacy, and compliance frameworks, including international legal obligations, and, as appropriate and consistent with applicable law, seek to develop or revise policies and procedures to enable the effective and responsible use of AI, accounting for the following:
    (A)  Issues raised by the acquisition, use, retention, dissemination, and disposal of models trained on datasets that include personal information traceable to specific United States persons, publicly available information, commercially available information, and intellectual property, consistent with section 9 of Executive Order 14110;
    (B)  Guidance that shall be developed by DOJ, in consultation with DOD and ODNI, regarding constitutional considerations raised by the IC’s acquisition and use of AI;
    (C)  Challenges associated with classification and compartmentalization;
    (D)  Algorithmic bias, inconsistent performance, inaccurate outputs, and other known AI failure modes;
    (E)  Threats to analytic integrity when employing AI tools;
    (F)  Risks posed by a lack of safeguards that protect human rights, civil rights, civil liberties, privacy, and other democratic values, as addressed in further detail in subsection 4.2 of this section;
    (G)  Barriers to sharing AI models and related insights with allies and partners; and
    (H)  Potential inconsistencies between AI use and the implementation of international legal obligations and commitments.
    (ii)   As appropriate, the policies described in subsection 4.1(g) of this section shall be consistent with direction issued by the Committee on NSS and DOD governing the security of AI used on NSS, policies issued by the Director of National Intelligence governing adoption of AI by the IC, and direction issued by OMB governing the security of AI used on non-NSS.
    (iii)  On an ongoing basis, each agency that uses AI on NSS shall, in consultation with ODNI and DOD, take all steps appropriate and consistent with applicable law to accelerate responsible approval of AI systems for use on NSS and accreditation of NSS that use AI systems.
         (h)  The United States’ network of allies and partners confers significant advantages over competitors.  Consistent with the 2022 National Security Strategy or any successor strategies, the United States Government must invest in and proactively enable the co-development and co-deployment of AI capabilities with select allies and partners.
         (i)  Consistent with these goals:
    (i)  Within 150 days of the date of this memorandum, DOD, in coordination with the Department of State and ODNI, shall evaluate the feasibility of advancing, increasing, and promoting co-development and shared use of AI and AI-enabled assets with select allies and partners.  This evaluation shall include:
    (A)  A potential list of foreign states with which such co-development or co-deployment may be feasible;
    (B)  A list of bilateral and multilateral fora for potential outreach;
    (C)  Potential co-development and co-deployment concepts;
    (D)  Proposed classification-appropriate testing vehicles for co-developed AI capabilities; and
    (E)  Considerations for existing programs, agreements, or arrangements to use as foundations for future co-development and co-deployment of AI capabilities.
         (j)  The United States Government needs improved internal coordination with respect to its use of and approach to AI on NSS in order to ensure interoperability and resource sharing consistent with applicable law, and to reap the generality and economies of scale offered by frontier AI models.
         (k)  Consistent with these goals:
    (i)  On an ongoing basis, DOD and ODNI shall issue or revise relevant guidance to improve consolidation and interoperability across AI functions on NSS.  This guidance shall seek to ensure that the United States Government can coordinate and share AI-related resources effectively, as appropriate and consistent with applicable law.  Such work shall include:
    (A)  Recommending agency organizational practices to improve AI research and deployment activities that span multiple national security institutions.  In order to encourage AI adoption for the purpose of national security, these measures shall aim to create consistency to the greatest extent possible across the revised practices.
    (B)  Steps that enable consolidated research, development, and procurement for general-purpose AI systems and supporting infrastructure, such that multiple agencies can share access to these tools to the extent consistent with applicable law, while still allowing for appropriate controls on sensitive data.
    (C)  Aligning AI-related national security policies and procedures across agencies, as practicable and appropriate, and consistent with applicable law.
    (D)  Developing policies and procedures, as appropriate and consistent with applicable law, to share information across DOD and the IC when an AI system developed, deployed, or used by a contractor demonstrates risks related to safety, security, and trustworthiness, including to human rights, civil rights, civil liberties, or privacy.
         4.2.  Strengthening AI Governance and Risk Management.  (a)  As the United States Government moves swiftly to adopt AI in support of its national security mission, it must continue taking active steps to uphold human rights, civil rights, civil liberties, privacy, and safety; ensure that AI is used in a manner consistent with the President’s authority as Commander in Chief to decide when to order military operations in the Nation’s defense; and ensure that military use of AI capabilities is accountable, including through such use during military operations within a responsible human chain of command and control.  Accordingly, the United States Government must develop and implement robust AI governance and risk management practices to ensure that its AI innovation aligns with democratic values, updating policy guidance where necessary.  In light of the diverse authorities and missions across covered agencies with a national security mission and the rapid rate of ongoing technological change, such AI governance and risk management frameworks shall be:
    (i)    Structured, to the extent permitted by law, such that they can adapt to future opportunities and risks posed by new technical developments;
    (ii)   As consistent across agencies as is practicable and appropriate in order to enable interoperability, while respecting unique authorities and missions;
    (iii)  Designed to enable innovation that advances United States national security objectives;
    (iv)   As transparent to the public as practicable and appropriate, while protecting classified or controlled information;
    (v)    Developed and applied in a manner and with means to integrate protections, controls, and safeguards for human rights, civil rights, civil liberties, privacy, and safety where relevant; and
    (vi)   Designed to reflect United States leadership in establishing broad international support for rules and norms that reinforce the United States’ approach to AI governance and risk management.
         (b)  Covered agencies shall develop and use AI responsibly, consistent with United States law and policies, democratic values, and international law and treaty obligations, including international humanitarian and human rights law.  All agency officials retain their existing authorities and responsibilities established in other laws and policies.
         (c)  Consistent with these goals:
    (i)  Heads of covered agencies shall, consistent with their authorities, monitor, assess, and mitigate risks directly tied to their agency’s development and use of AI.  Such risks may result from reliance on AI outputs to inform, influence, decide, or execute agency decisions or actions, when used in a defense, intelligence, or law enforcement context, and may impact human rights, civil rights, civil liberties, privacy, safety, national security, and democratic values.  These risks from the use of AI include the following:
    (A)  Risks to physical safety:  AI use may pose unintended risks to human life or property.
    (B)  Privacy harms:  AI design, development, and operation may result in harm, embarrassment, unfairness, and prejudice to individuals.
    (C)  Discrimination and bias:  AI use may lead to unlawful discrimination and harmful bias, resulting in, for instance, inappropriate surveillance and profiling, among other harms.
    (D)  Inappropriate use:  operators using AI systems may not fully understand the capabilities and limitations of these technologies, including systems used in conflicts.  Such unfamiliarity could impact operators’ ability to exercise appropriate levels of human judgment.
    (E)  Lack of transparency:  agencies may have gaps in documentation of AI development and use, and the public may lack access to information about how AI is used in national security contexts because of the necessity to protect classified or controlled information.
    (F)  Lack of accountability:  training programs and guidance for agency personnel on the proper use of AI systems may not be sufficient, including to mitigate the risk of overreliance on AI systems (such as “automation bias”), and accountability mechanisms may not adequately address possible intentional or negligent misuse of AI-enabled technologies.
    (G)  Data spillage:  AI systems may reveal aspects of their training data — either inadvertently or through deliberate manipulation by malicious actors — and data spillage may result from AI systems trained on classified or controlled information when used on networks where such information is not permitted.
    (H)  Poor performance:  AI systems that are inappropriately or insufficiently trained, used for purposes outside the scope of their training set, or improperly integrated into human workflows may exhibit poor performance, including in ways that result in inconsistent outcomes or unlawful discrimination and harmful bias, or that undermine the integrity of decision-making processes.
    (I)  Deliberate manipulation and misuse:  foreign state competitors and malicious actors may deliberately undermine the accuracy and efficacy of AI systems, or seek to extract sensitive information from such systems.
         (d)  The United States Government’s AI governance and risk management policies must keep pace with evolving technology.
         (e)  Consistent with these goals:
    (i)   An AI framework, entitled “Framework to Advance AI Governance and Risk Management in National Security” (AI Framework), shall further implement this subsection.  The AI Framework shall be approved by the NSC Deputies Committee through the process described in National Security Memorandum 2 of February 4, 2021 (Renewing the National Security Council System), or any successor process, and shall be reviewed periodically through that process.  This process shall determine whether adjustments are needed to address risks identified in subsection 4.2(c) of this section and other topics covered in the AI Framework.  The AI Framework shall serve as a national security-focused counterpart to OMB’s Memorandum M-24-10 of March 28, 2024 (Advancing Governance, Innovation, and Risk Management for Agency Use of Artificial Intelligence), and any successor OMB policies.  To the extent feasible, appropriate, and consistent with applicable law, the AI Framework shall be as consistent as possible with these OMB policies and shall be made public.
    (ii)  The AI Framework described in subsection 4.2(e)(i) of this section and any successor document shall, at a minimum, and to the extent consistent with applicable law, specify the following:
    (A)  Each covered agency shall have a Chief AI Officer who holds primary responsibility within that agency, in coordination with other responsible officials, for managing the agency’s use of AI, promoting AI innovation within the agency, and managing risks from the agency’s use of AI consistent with subsection 3(b) of OMB Memorandum M-24-10, as practicable.
    (B)  Covered agencies shall have AI Governance Boards to coordinate and govern AI issues through relevant senior leaders from the agency.
    (C)  Guidance on AI activities that pose unacceptable levels of risk and that shall be prohibited.
    (D)  Guidance on AI activities that are “high impact” and require minimum risk management practices, including for high-impact AI use that affects United States Government personnel.  Such high-impact activities shall include AI whose output serves as a principal basis for a decision or action that could exacerbate or create significant risks to national security, international norms, human rights, civil rights, civil liberties, privacy, safety, or other democratic values.  The minimum risk management practices for high-impact AI shall include a mechanism for agencies to assess AI’s expected benefits and potential risks; a mechanism for assessing data quality; sufficient test and evaluation practices; mitigation of unlawful discrimination and harmful bias; human training, assessment, and oversight requirements; ongoing monitoring; and additional safeguards for military service members, the Federal civilian workforce, and individuals who receive an offer of employment from a covered agency.
    (E)  Covered agencies shall ensure privacy, civil liberties, and safety officials are integrated into AI governance and oversight structures.  Such officials shall report findings to the heads of agencies and oversight officials, as appropriate, using existing reporting channels when feasible.
    (F)  Covered agencies shall ensure that there are sufficient training programs, guidance, and accountability processes to enable proper use of AI systems.
    (G)  Covered agencies shall maintain an annual inventory of their high-impact AI use and AI systems and provide updates on this inventory to agency heads and the APNSA.
    (H)  Covered agencies shall ensure that whistleblower protections are sufficient to account for issues that may arise in the development and use of AI and AI systems.
    (I)  Covered agencies shall develop and implement waiver processes for high-impact AI use that balance robust implementation of risk mitigation measures in this memorandum and the AI Framework with the need to utilize AI to preserve and advance critical agency missions and operations.
    (J)  Covered agencies shall implement cybersecurity guidance or direction associated with AI systems issued by the National Manager for NSS to mitigate the risks posed by malicious actors exploiting new technologies, and to enable interoperability of AI across agencies.  Within 150 days of the date of this memorandum, and periodically thereafter, the National Manager for NSS shall issue minimum cybersecurity guidance and/or direction for AI used as a component of NSS, which shall be incorporated into AI governance guidance detailed in subsection 4.2(g)(i) of this section.
         (f)  The United States Government needs guidance specifically regarding the use of AI on NSS.
         (g)  Consistent with these goals:
    (i)  Within 180 days of the date of this memorandum, the heads of the Department of State, the Department of the Treasury, DOD, DOJ, Commerce, DOE, DHS, ODNI (acting on behalf of the 18 IC elements), and any other covered agency that uses AI as part of a NSS (Department Heads) shall issue or update guidance to their components/sub-agencies on AI governance and risk management for NSS, aligning with the policies in this subsection, the AI Framework, and other applicable policies.  Department Heads shall review their respective guidance on an annual basis, and update such guidance as needed.  This guidance, and any updates thereto, shall be provided to the APNSA prior to issuance.  This guidance shall be unclassified and made available to the public to the extent feasible and appropriate, though it may have a classified annex.  Department Heads shall seek to harmonize their guidance, and the APNSA shall convene an interagency meeting at least annually for the purpose of harmonizing Department Heads’ guidance on AI governance and risk management to the extent practicable and appropriate while respecting the agencies’ diverse authorities and missions.  Harmonization shall be pursued in the following areas:
    (A)  Implementation of the risk management practices for high-impact AI;
    (B)  AI and AI system standards and activities, including as they relate to training, testing, accreditation, and security and cybersecurity; and
    (C)  Any other issues that affect interoperability for AI and AI systems.
    Sec. 5.  Fostering a Stable, Responsible, and Globally Beneficial International AI Governance Landscape.  (a)  Throughout its history, the United States has played an essential role in shaping the international order to enable the safe, secure, and trustworthy global adoption of new technologies while also protecting democratic values.  These contributions have ranged from establishing nonproliferation regimes for biological, chemical, and nuclear weapons to setting the foundations for multi-stakeholder governance of the Internet.  Like these precedents, AI will require new global norms and coordination mechanisms, which the United States Government must maintain an active role in crafting.
         (b)  It is the policy of the United States Government that United States international engagement on AI shall support and facilitate improvements to the safety, security, and trustworthiness of AI systems worldwide; promote democratic values, including respect for human rights, civil rights, civil liberties, privacy, and safety; prevent the misuse of AI in national security contexts; and promote equitable access to AI’s benefits.  The United States Government shall advance international agreements, collaborations, and other substantive and norm-setting initiatives in alignment with this policy.
         (c)  Consistent with these goals:
    (i)  Within 120 days of the date of this memorandum, the Department of State, in coordination with DOD, Commerce, DHS, the United States Mission to the United Nations (USUN), and the United States Agency for International Development (USAID), shall produce a strategy for the advancement of international AI governance norms in line with safe, secure, and trustworthy AI, and democratic values, including human rights, civil rights, civil liberties, and privacy.  This strategy shall cover bilateral and multilateral engagement and relations with allies and partners.  It shall also include guidance on engaging with competitors, and it shall outline an approach to working in international institutions such as the United Nations and the Group of 7 (G7), as well as technical organizations.  The strategy shall:
    (A)  Develop and promote internationally shared definitions, norms, expectations, and standards, consistent with United States policy and existing efforts, which will promote safe, secure, and trustworthy AI development and use around the world.  These norms shall be as consistent as possible with United States domestic AI governance (including Executive Order 14110 and OMB Memorandum M-24-10), the International Code of Conduct for Organizations Developing Advanced AI Systems released by the G7 in October 2023, the Organization for Economic Cooperation and Development Principles on AI, United Nations General Assembly Resolution A/78/L.49, and other United States-supported relevant international frameworks (such as the Political Declaration on Responsible Military Use of AI and Autonomy) and instruments.  By discouraging misuse and encouraging appropriate safeguards, these norms and standards shall aim to reduce the likelihood of AI causing harm or having adverse impacts on human rights, democracy, or the rule of law.
    (B)  Promote the responsible and ethical use of AI in national security contexts in accordance with democratic values and in compliance with applicable international law.  The strategy shall advance the norms and practices established by this memorandum and measures endorsed in the Political Declaration on Responsible Military Use of AI and Autonomy.
    Sec. 6.  Ensuring Effective Coordination, Execution, and Reporting of AI Policy.  (a)  The United States Government must work in a closely coordinated manner to make progress on effective and responsible AI adoption.  Given the speed with which AI technology evolves, the United States Government must learn quickly, adapt to emerging strategic developments, adopt new capabilities, and confront novel risks.
         (b)  Consistent with these goals:
    (i)    Within 270 days of the date of this memorandum, and annually thereafter for at least the next 5 years, the heads of the Department of State, DOD, Commerce, DOE, ODNI (acting on behalf of the IC), USUN, and USAID shall each submit a report to the President, through the APNSA, that offers a detailed accounting of their activities in response to their taskings in all sections of this memorandum, including this memorandum’s classified annex, and that provides a plan for further action.  The Central Intelligence Agency (CIA), NSA, the Defense Intelligence Agency (DIA), and NGA shall submit reports on their activities to ODNI for inclusion in full as an appendix to ODNI’s report regarding IC activities.  NGA, NSA, and DIA shall submit their reports as well to DOD for inclusion in full as an appendix to DOD’s report.
    (ii)   Within 45 days of the date of this memorandum, the Chief AI Officers of the Department of State, DOD, DOJ, DOE, DHS, OMB, ODNI, CIA, DIA, NSA, and NGA, as well as appropriate technical staff, shall form an AI National Security Coordination Group (Coordination Group).  Any Chief AI Officer of an agency that is a member of the Committee on National Security Systems may also join the Coordination Group as a full member.  The Coordination Group shall be co-chaired by the Chief AI Officers of ODNI and DOD.  The Coordination Group shall consider ways to harmonize policies relating to the development, accreditation, acquisition, use, and evaluation of AI on NSS.  This work could include development of:
    (A)  Enhanced training and awareness to ensure that agencies prioritize the most effective AI systems, responsibly develop and use AI, and effectively evaluate AI systems;
    (B)  Best practices to identify and mitigate foreign intelligence risks and human rights considerations associated with AI procurement;
    (C)  Best practices to ensure interoperability between agency deployments of AI, to include data interoperability and data sharing agreements, as appropriate and consistent with applicable law;
    (D)  A process to maintain, update, and disseminate such trainings and best practices on an ongoing basis;
    (E)  AI-related policy initiatives to address regulatory gaps implicated by executive branch-wide policy development processes; and 
    (F)  An agile process to increase the speed of acquisitions, validation, and delivery of AI capabilities, consistent with applicable law.
    (iii)  Within 90 days of the date of this memorandum, the Coordination Group described in subsection (b)(ii) of this section shall establish a National Security AI Executive Talent Committee (Talent Committee) composed of senior AI officials (or designees) from all agencies in the Coordination Group that wish to participate.  The Talent Committee shall work to standardize, prioritize, and address AI talent needs and develop an updated set of Government-wide procedures for attracting, hiring, developing, and retaining AI and AI-enabling talent for national security purposes.  The Talent Committee shall designate a representative to serve as a member of the AI and Technology Talent Task Force set forth in Executive Order 14110, helping to identify overlapping needs and address shared challenges in hiring.
    (iv)   Within 365 days of the date of this memorandum, and annually thereafter for at least the next 5 years, the Coordination Group described in subsection (b)(ii) of this section shall issue a joint report to the APNSA on consolidation and interoperability of AI efforts and systems for the purposes of national security.
         Sec. 7.  Definitions.  (a)  This memorandum uses definitions set forth in section 3 of Executive Order 14110.  In addition, for the purposes of this memorandum:
    (i)     The term “AI safety” means the mechanisms through which individuals and organizations minimize and mitigate the potential for harm to individuals and society that can result from the malicious use, misapplication, failures, accidents, and unintended behavior of AI models; the systems that integrate them; and the ways in which they are used.
    (ii)    The term “AI security” means a set of practices to protect AI systems — including training data, models, abilities, and lifecycles — from cyber and physical attacks, thefts, and damage.
    (iii)   The term “covered agencies” means agencies in the Intelligence Community, as well as all agencies as defined in 44 U.S.C. 3502(1) when they use AI as a component of a National Security System, other than the Executive Office of the President.
    (iv)    The term “Critical Technical Artifacts” (CTAs) means information, usually specific to a single model or group of related models that, if possessed by someone other than the model developer, would substantially lower the costs of recreating, attaining, or using the model’s capabilities.  Under the technical paradigm dominant in the AI industry today, the model weights of a trained AI system constitute CTAs, as do, in some cases, associated training data and code.  Future paradigms may rely on different CTAs.
    (v)     The term “frontier AI model” means a general-purpose AI system near the cutting-edge of performance, as measured by widely accepted publicly available benchmarks, or similar assessments of reasoning, science, and overall capabilities.
    (vi)    The term “Intelligence Community” (IC) has the meaning provided in 50 U.S.C. 3003.
    (vii)   The term “open-weight model” means a model that has weights that are widely available, typically through public release.
    (viii)  The term “United States Government” means all agencies as defined in 44 U.S.C. 3502(1).
         Sec. 8.  General Provisions.  (a)  Nothing in this memorandum shall be construed to impair or otherwise affect:
    (i)   the authority granted by law to an executive department or agency, or the head thereof; or
    (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
         (b)  This memorandum shall be implemented consistent with applicable law and subject to the availability of appropriations.
         (c)  This memorandum is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
                                  JOSEPH R. BIDEN JR.

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI Economics: ACP Statement on Treasury Issuing Final Rules for 45X Advanced Manufacturing Tax Credits

    Source: American Clean Power Association (ACP)

    Headline: ACP Statement on Treasury Issuing Final Rules for 45X Advanced Manufacturing Tax Credits

    IRS Final Regs Provide U.S. Businesses with Needed Certainty
    WASHINGTON DC, October 24, 2024 – The American Clean Power Association (ACP) released the following statement from ACP Chief Advocacy Officer JC Sandberg after the U.S. Department of Treasury issued a final rule for the Advanced Manufacturing Production Tax Credit (45X MPTC), which applies to clean energy components made in the United States:
    “ACP commends the Treasury Department and IRS for finalizing the advanced manufacturing tax credits that are driving historic levels of investment in domestic clean energy manufacturing.
    “The finalization of the 45X regulations provides American businesses with the certainty they need to continue building domestic supply chains that strengthen the country’s energy independence, create tens of thousands good paying American jobs, and boost the nation’s economy.”
    According to ACP’s Clean Energy Investing in America report, since August 2022 federal tax credits have helped drive:
    More than 160 new or expanded utility-scale clean energy manufacturing facilities announced in the U.S.
    More than one-quarter (44) of these facilities are already operational, creating 20,000 new American manufacturing jobs.
    More than $60 billion in new private sector capital investment directed toward domestic clean energy manufacturing.

    MIL OSI Economics –

    January 25, 2025
  • MIL-OSI USA: Six State Revolving Fund loans awarded for water and sanitary sewer projects

    Source: US State of North Dakota

    The State Revolving Fund (SRF) programs, jointly administered by the North Dakota Department of Environmental Quality and the North Dakota Public Finance Authority, have awarded six loans for water and sanitary sewer projects since August.

    • The Clean Water State Revolving Fund (CWSRF) awarded $350,000 to Drayton, $15 million to Fargo, and $3.3 million to Jamestown. These cities will replace aging water meters to ensure accurate accounting of water use and identify potential leaks.
    • Grand Forks received a $6.9 million CWSRF loan for Phases 2 through 5 of a sanitary sewer collection installation. This project will serve areas currently on septic systems, reducing potential groundwater impacts.
    • Southeast Water Users District received a $5.7 million Drinking Water State Revolving Fund (DWSRF) loan towards the construction of a new water treatment plant, a new ground storage reservoir, and the expansion of the existing wellfield. This project aims to improve water quality for users in Dickey, LaMoure and Logan counties.
    • Mandan received a $5.5 million DWSRF loan towards replacing the Collins Reservoir, ensuring adequate water storage for the community.

    The U.S. Environmental Protection Agency provides part of the SRF programs’ funding, which offers below-market interest rate loans to political subdivisions for financing projects authorized under the Clean Water Act and Safe Drinking Water Act. SRF programs operate nationwide to provide funding to maintain and improve the infrastructure that protects our vital water resources.

    Loans are awarded to projects listed on the project priority list based on project eligibility determined by the Department of Environmental Quality and the Public Finance Authority’s review of repayment ability. The Public Finance Authority is overseen by the North Dakota Industrial Commission, consisting of Governor Doug Burgum as chairman, Attorney General Drew H. Wrigley, and Agriculture Commissioner Doug Goehring. Please contact the Department of Environmental Quality at ndsrf@nd.gov regarding specific detail on any of the projects mentioned above.

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI: Farmers & Merchants Bancorp, Inc. and F&M Bank Announces Updates to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Kevin Frey Appointed to Board of Directors

    Dr. K. Brad Stamm to Retire from Board of Directors

    ARCHBOLD, Ohio, Oct. 24, 2024 (GLOBE NEWSWIRE) — F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), announced updates to its Board of Directors. On October 22, 2024, Kevin Frey was appointed to the Board of Directors of both the Company and the Bank. In addition to this new appointment, F&M announced the retirement of Dr. K. Brad Stamm from the Board of Directors.

    “On behalf of F&M’s Board of Directors, I am thrilled to welcome Kevin to our team. With deep roots in our legacy market and a wealth of experience as Vice President of Frey & Sons, he brings invaluable insights that will strengthen our connection to the communities we serve,” said F&M’s Chairman Andrew Briggs. “We look forward to his contributions as we continue to grow while staying true to the values guiding F&M for generations.”

    Frey is the Vice President of Frey & Sons, Inc., a family-owned real estate brokerage and auction company that was incorporated in 1963 and is headquartered in Archbold, Ohio. Frey is the Principal Broker and lead Auctioneer for Frey & Sons. The company specializes in real estate auctions and sales in Northwest Ohio and heavy equipment auctions across the Midwest. Frey also manages a portfolio of multifamily, commercial, and agricultural properties and is a member of the Board of Directors for Yoder & Frey, Inc., a farm and machinery auction yard. Frey received a Bachelor of Arts in accounting from Goshen College and worked as a Certified Public Accountant from 1996-2003. He is a member of the National Association of Realtors, Ohio Association of Realtors, National Auctions Association, and Ohio Auctioneers Association.

    Dr. Stamm joined the Board in November of 2016 and served with distinction throughout his tenure. He is the President and Educational Consultant of Stamm Management Group. A celebration in honor of Dr. Stamm’s contributions was held on October 22, 2024. His final day as a Board member will be October 25, 2024.

    “Brad has been an instrumental part of our Board for nearly eight years, and his dedication and leadership will be greatly missed,” said President and CEO of F&M, Lars Eller. “We wish him all the best and express our deepest gratitude for his service to F&M.”

    About F&M Bank:
    F&M Bank is a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in West Bloomfield, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

    Safe harbor statement
    Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

    Company Contact: Investor and Media Contact:
    Lars B. Eller
    President and Chief Executive Officer
    Farmers & Merchants Bancorp, Inc.
    (419) 446-2501
    leller@fm.bank
    Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com

     

    The MIL Network –

    January 25, 2025
  • MIL-OSI: Investview, Inc. (“INVU”) Announces the Acquisition of Renu Laboratories Inc., a manufacturer of proprietary and other health, beauty and wellness products.

    Source: GlobeNewswire (MIL-OSI)

    Company to launch a new health and wellness business intended to expand existing lines of business and take advantage of established distribution channels.

    Haverford, PA, Oct. 24, 2024 (GLOBE NEWSWIRE) — Investview, Inc. (OTCQB: INVU), a diversified financial technology company that through its subsidiaries and global distribution network provides financial technology, education tools, content, research, and a digital asset technology company, which develops, operates, and supports blockchain technologies, with a focus on the Bitcoin blockchain ecosystem and the generation of digital assets, announced today that it has recently completed the acquisition of Renu Laboratories, Inc., a manufacturer of proprietary and other health, beauty and wellness products (“Renu Labs”). The terms of the acquisition were not disclosed.

    “This acquisition is an exciting milestone for our company’s strategic growth plans,” said Victor Oviedo, Investview CEO. “The combination of Renu Labs with our existing businesses is intended to further support our mission and vision at Investview to create and offer unique quality of life (QoL) products and services to help people realize their greatest potential through better financial literacy, technology and accessibility, blockchain sustainability, and now a personal health and wellness lifestyle.”

    Strategic rationale behind the merger:

    Victor Oviedo, Investview CEO commented, “through its principal and Founder, Gregg Hanson, an experienced veteran in the industry, Renu Labs has been able to develop a catalog of proprietary and third-party skin, body, hair, nutritional supplement, and personal care products. Following the Company’s integration of the Renu Labs business, the Company plans to operate through a unique B2C direct-to-consumer marketing and product sales delivery model under its newly formed myLife Wellness business unit. We expect that the combination of the Renu Labs business with our global network marketing model will enable us to expand and enhance our customer retention and increase the value of the Company’s iGenius global network to its affiliates and customers.”

    “Our sales force and consumers are expected to benefit from commercialization of the Renu Labs unique proprietary wellness products namely, Renu by myLife Wellness “advanced peptide wrinkle corrector serum,” “eye lift and tuck serum,” and its “high potency advanced day and night peptide and collagen renewal serum” for both woman and men.”

    Jim Bell, Investview President/ COO added, “the Renu acquisition is a great addition to the Company in multiple ways. It not only adds a proven brand and a collection of proprietary health and wellness products, but most importantly, from a strategic perspective, it positions us to take the first step in the planned diversification of the Company’s business into the expanding health and wellness markets while taking advantage of our existing national and international distribution channels to do so.”

    “Furthermore”, Mr. Bell added, “we were looking for just the right partner to form the platform for our strategic growth initiative. With Renu Labs’ nearly three decades of experience in the health and wellness space, we believe Gregg Hanson and Renu Labs are the right partners. It is our expectation that the myLife Wellness/Renu platform will not only enhance our future financial results but will also help consumers achieve a better personal health and wellness lifestyle which aligns with our Company’s Mission and Vision.”

    Investview expects the Renu acquisition to be revenue accretive as early as the 4th quarter of 2024 – 1st quarter 2025.

    Underlying the expected synergies are the following factors:

    • Expanded Product Line: Renu Labs’ advanced peptide serums and personal care products are expected to complement Investview’s iGenius platform, enhancing customer offerings.
    • Market Expansion: Investview’s iGenius subsidiary has more than 15,000 global customers and members, including more than 17,000 alumni of the same, creating an attractive, immediate cross-selling opportunity.
    • Operational Synergies: The merger in conjunction with the Company’s capital investment will enhance product development and innovation and is expected to increase recurring revenue through the Company’s existing direct-to-consumer model.
    • Proven Industry Expertise: Renu Labs has over 30 years’ experience as a recognized OTC skin care manufacturer specializing in private label and contract manufacturing of high-quality skin, body and hair care and other OTC products, and operates as an FDA-registered and cGMP-compliant facility.

    Gregg Hanson, Founder and President of Renu Labs commented, “Joining forces with Investview marks a pivotal moment for us. This partnership will allow us to accelerate innovation and to bring more unique, high-quality wellness products to the global health and wellness market. At Renu Labs, we have worked to create and offer innovative high quality proprietary skin, body and hair care wellness products for our customers. We are excited to be part of a larger organization that shares the same commitment to our core customer values. Together, we plan to accelerate our innovation and offer more unique quality of life (QoL) health and wellness products to our customers, while also closely integrating our products and marketing with the already robust iGenius sales and marketing network. That is good news for Renu customers, suppliers and employees.”

    Victor Oviedo concluded, “We are consistently taking a diversified approach to our innovation, strategic partnerships, global expansion and corporate citizenship to fuel sustainable, long-term growth, which we strive for and seek to achieve year-over-year. We believe that the strength of our balance sheet and cash position, along with our consistent focus on our core fundamentals, will generate sustainable long-term value for all stakeholders.”

    About Investview, Inc.

    Investview, Inc., a Nevada corporation, operates a financial technology (FinTech) services company, offering several different lines of business, including a Financial Education and Technology business that delivers a series of products and services involving financial education, digital assets and related technology, through a network of independent distributors; and a Blockchain Technology and Crypto Mining Products and Services business, including leading-edge research, development and FinTech services involving the management of digital asset technologies with a focus on Bitcoin mining and the new generation of digital assets. In addition, we are in the process of creating a Brokerage and Financial Markets business within the investment management and brokerage industries by, among others, commercializing on a proprietary trading platform we acquired in September 2021. For more information on Investview, please visit: www.investview.com.

    Forward-Looking Statement

    All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies, and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. These forward-looking statements are based on Investview’s current beliefs and assumptions and information currently available to Investview and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Our forward-looking statements expect, among others, that we will be able to integrate the historic operations of Renu on a timely basis and in the absence of unexpected delays or difficulties, that Renu will be able to increase the scale and scope of its operations and product offerings beyond its historic levels through use of our expansion capital and by taking advantage of our existing sales and marketing channels. We plan to do this by, among others, investing the funds we believe are necessary to develop at Renu the infrastructure necessary to achieve these goals. This includes, among others, the on-boarding of additional sales, marketing, customer support and product development personnel, and the development and implementation of a corresponding marketing strategy. Despite our best efforts, there can be no assurance that we will be able to achieve these objectively on a timely basis, if at all, as there can be no assurances that we will be able to expand Renu’s historic scope and scale of operations, and absent such expansion, the acquisition would only be modestly accretive, if at all. More information on potential factors that could affect Investview’s financial results is included from time to time in Investview’s public reports filed with the U.S. Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. The forward-looking statements made in this release speak only as of the date of this release, and Investview, Inc. assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.

    Investor Relations
    Contact: Ralph R. Valvano
    Phone Number: 732.889.4300
    Email: pr@investview.com

    The MIL Network –

    January 25, 2025
  • MIL-OSI Russia: Union of Knowledge. The visit of the Polytechnic delegation to Armenia became a new stage of cooperation

    Translation. Region: Russian Federation –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    On October 24, a delegation from SPbPU headed by the rector of the university, academician of the Russian Academy of Sciences Andrey Rudskoy visited the Republic of Armenia. The key moments were meetings at the National Academy of Sciences of the Republic of Armenia and the Russian-Armenian University.

    The delegation of the Polytechnic University visited the National Academy of Sciences of the Republic of Armenia (NAS RA). The history of scientific and educational cooperation between Armenia and St. Petersburg goes back several centuries.

    Today we see the successful development of cooperation between scientific organizations and scientists of the Republic of Armenia and the Russian Federation. Your visit is another step in strengthening joint work. We already have experience of working together in various fields of science, and today we will consolidate our partnership with an agreement that will supplement the previously signed document on scientific and technical cooperation, – President of the NAS RA Ashot Sagyan greeted his colleagues.

    Continuing the traditions of such interaction, SPbB RAS and NAS RA, as well as SPbPU and NAS RA signed an agreement on scientific and technical cooperation. It covers a wide range of areas, including natural, mathematical and technical sciences, as well as life sciences.

    The St. Petersburg Branch of the Russian Academy of Sciences is actively developing international cooperation, which is one of the key areas of our activities. This year, the agreements of the SPbB RAS and SPbPU with the National Academy of Sciences of the Republic of Armenia will be an important step towards strengthening scientific ties with Armenia, with which we are united by a long history of cooperation and common scientific interests, Andrey Rudskoy emphasized.

    Particular attention will be paid to agrobiotechnology and agricultural sciences, astrophysics, physical and chemical research. Joint projects in social, humanitarian and applied sciences are also planned, which will contribute to strengthening scientific ties and technological development between the countries.

    The agreements signed today are intended to make a significant contribution to expanding the interaction between the academic and university communities and will allow our scientists to jointly solve complex problems and adapt the accumulated potential to new realities, noted Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of Armenia Sergey Kopyrkin.

    During the visit, representatives of SPbPU visited the Russian-Armenian University (RAU), with which the university has had long-standing friendly and partnership relations.

    Since signing a strategic partnership agreement in 2014, RAU and SPbPU have been actively developing joint initiatives in the fields of education, science and youth programs. Over these ten years, the universities have organized numerous joint research projects, conferences and educational projects that facilitated the exchange of experience and knowledge between students and teachers.

    It should be emphasized that the activities envisaged by the comprehensive “Roadmap” of cooperation between SPbPU and RAU cover a wide range of activities and many areas of interest to both educational institutions. Within the framework of this strategic partnership, projects are being implemented in such key areas as physics, telecommunications, biomedicine, bioinformatics, economics, PR and linguistics. Particular attention is paid to the introduction of advanced methods and educational practices into the RAU curriculum.

    For these reasons, the Polytechnic delegation in Yerevan was quite impressive: SPbPU Rector Andrey Rudskoy, Vice-Rector for International Affairs Dmitry Arsenyev, Professor of the Institute of Biomedical Systems and Biotechnology Olga Vlasova, Head of the Project Office “Slavic Universities” and Deputy Head of the International Cooperation Department Nikita Golovin, Director of the Center for Continuing Professional Education PISh CI and Program Director of “Boiling Point – Polytechnic” Sergey Salkutsan, as well as a number of other leading SPbPU experts.

    The program of the visit began with a tour of the campus of the Russian-Armenian University. The rector of SPbPU got acquainted with the scientific and educational laboratories of the Institute of Biomedicine and Pharmacy, the Engineering Physics Institute, the Cast laboratory of the Institute of Mathematics and Informatics, as well as modern socially-oriented spaces.

    RAU is a shining example of how science and education can be effectively combined, creating conditions for training highly qualified specialists who are in demand on the labor market, shared Andrey Rudskoy.

    Andrey Rudskoy paid special attention to the project to create a “green campus”, which includes the generation of electricity using solar panels placed on the university’s territory.

    This is not just a step towards environmental sustainability, but also an opportunity for RAU to become energy independent and even share excess energy with external consumers, Andrey Ivanovich emphasized.

    One of the most striking joint events, the results of which can already be observed, is the methodological support for the creation of the youth space “Boiling Point” at RAU. The two universities actively developed the concept of this space, formulating tasks for the RAU development team. The logical conclusion of the year’s work was the grand opening of the Representative Office of “Boiling Point – Polytech” at RAU on October 24.

    The opening of the youth space “Boiling Point” at RAU is not just the end of our joint work, but the beginning of a new era for students, where their ideas and aspirations will find support and development. We are proud to see how our efforts are becoming a reality, and we are confident that this space will become a source of inspiration for future leaders, – Andrey Rudskoy spoke at the opening ceremony.

    After the excursion, a meeting was held with the management of RAU and the heads of RAU research groups implementing joint projects with SPbPU. The participants presented the results of current initiatives: four network educational programs were developed and implemented, participation in dissertation councils was organized, and more than forty joint scientific papers were published.

    We are watching the progress of your university and can say that, despite all the difficulties, RAU continues to move forward. Each new project, each event is a step towards the campus becoming not only a cozy home for students, but also a place where ideas are born that can change the world. We must join forces to develop this university together, which already today meets world standards, – noted Andrey Rudskoy.

    Scientific conferences on current topics are held annually, and professors from both universities participate in the mutual program “Invited Professor”. Colleagues also discussed tasks for the near future.

    Cooperation between our universities is not just an exchange of experience, it is an opportunity to create something new and significant for our society, Andrey Ivanovich is confident.

    At the meeting, SPbPU Rector Andrey Rudskoy and RAU Rector Edward Sandoyan signed an updated agreement on strategic partnership between SPbPU and RAU, as well as a Roadmap for the implementation of joint events between SPbPU and RAU aimed at supporting youth initiatives and developing student communities.

    Over the past two years, there has been a significant influx of students. Despite the difficulties, we continue to develop. In order to move forward, we need to adapt to new conditions and change our expectations, said Edward Sandoyan.

    We were pleased to renew the strategic partnership agreement that was signed on September 11, 2014. We cannot lose historical memory. The second document signed is a roadmap for the implementation of joint events to support youth initiatives. We have created a cozy corner for our youth, and despite the modest conditions, it has become a beautiful and warm place. In the future, we have the opportunity to expand and hold events, – Andrey Rudskoy summed up.

    In anticipation of the visit of the SPbPU delegation headed by Andrey Rudskoy, leading professors and experts of St. Petersburg held a number of events aimed at developing student communities at RAU. Deputy Director of the Center for Continuing Professional Education “Digital Engineering” of the Advanced Engineering School of SPbPU Pavel Kozlovsky, Deputy Head of the Youth Policy Department of SPbPU Georgy Kvekveskiri, Director of the Center for Continuing Professional Education of the PISh CI and Program Director of “Boiling Point – Polytech” Sergey Salkutsan held an accelerator, which was attended by more than 20 representatives of the RAU Student Council and such RAU associations as a large experimental workshop, an intellectual club, and a sports community.

    The accelerator participants considered the issues of creating and developing student communities, their positioning, forming a working internal structure, attracting and adapting new participants, as well as the topic of continuity of the community’s asset. Georgy Kvekveskiri made a report on the activities of the Youth Policy Department (YPD) of SPbPU, which managed to build an adaptive model of working with student communities at the university.

    The last day of the accelerator was dedicated to forming the image of communities for three years and creating a work program until the end of 2025 (the “Roadmap”, which was signed by the rectors of the two universities). The community accelerator was the first event within the framework of the activities of the new youth space – the Representative Office of “Boiling Point – Polytech” at RAU.

    The head of the training simulators department of the Center for Continuing Professional Education of the Advanced Engineering School “Digital Engineering” Vladislav Tereshchenko held training events and competitions for RAU students on the “Lean Manufacturing” simulator, which is part of CML-Bench platforms.I’m on my way. The event was attended by 1st and 3rd year students majoring in Economics. Three winners received the right to speak at the Winter University in Engineering Sciences at SPbPU in November of this year.

    The guys really liked the game. We plan to implement it in the educational process in several disciplines. It seems to me that the game allows us to objectively assess the degree of economic thinking in the guys, to check all the skills and competencies of students majoring in economics. I also really liked this simulator. I would gladly play it myself, – shared Mariam Voskanyan, Head of the Department of Economics and Finance of the Institute of Economics and Business of the Russian Agrarian University.

    Leading specialists from SPbPU organized lectures and seminars at RAU on physics, telecommunication technologies and biomedical systems. Director of the Higher School of Biomedical Systems and Technologies Olga Vlasova held a seminar on “Optogenetic (chemogenetic) modulation of metabotropic receptors of astrocytes restores cognitive functions in mice with a model of Alzheimer’s disease”. Head of the Laboratory of Microencapsulation and Controlled Delivery of Biologically Active Compounds Alexander Timin presented a seminar on the development of antitumor drugs in encapsulated and free form based on small molecules for the treatment of malignant neoplasms. Professor of the Higher School of Applied Physics and Space Technologies Sergey Makarov told Armenian students about spectrally effective signals.

    The joint work of SPbPU and RAU continues to bring tangible results, strengthening educational and scientific ties between the two universities and making a significant contribution to the development of higher education in Russia and Armenia.

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

    MIL OSI Russia News –

    January 25, 2025
  • MIL-OSI Canada: Statement from Environment and Climate Change Minister Tracy Schmidt on International Day of Climate Action

    Source: Government of Canada regional news

    October 24, 2024

    Statement from Environment and Climate Change Minister Tracy Schmidt on International Day of Climate Action


    Today, as Manitoba marks International Day of Climate Action, our government is reaffirming our commitment to taking meaningful climate action to protect Manitoba’s lands and waters and work towards net zero targets.

    Started by young people concerned about the impact of climate change, the International Day of Climate Action has grown into a worldwide movement that our government stands proudly behind. I would like to say thank you to all those who continue to raise awareness and push this important issue to the forefront around the world and right here in Manitoba.

    In our first year in government, we’ve made protecting our beautiful province from climate change a priority and we have been working hard to make real change for Manitobans. Some of the notable steps we’ve taken include:

    • Introduced the Manitoba Electric Vehicle Rebate Program, which provides rebates of $4,000 on the purchase of a new eligible electric vehicle, $1,000 to $4,000 on leasing an eligible electric vehicle, and $2,500 on the purchase of pre-owned eligible electric vehicles, ensuring more Manitobans can make the switch away from fossil fuels.
    • Advanced, for the first time in Manitoba’s history, a plan to support Indigenous owned, utility-scale electricity resource supply through the creation of government-to-government partnerships in wind generation.
    • Invested in projects to reduce greenhouse gas emissions through the Low Carbon Economy Fund, in partnership with the federal government.
    • Enacted the first-ever formal nutrient reduction target for Lake Winnipeg and its tributaries for improving water quality in Manitoba.
    • Signed a memorandum of understanding with the Seal River Watershed Alliance, Indigenous nations and Government of Canada to formally work together on a feasibility assessment to establish a potential Indigenous protected and conserved area in the 50,000 square kilometre Seal River Watershed.
    • Unveiled the Affordable Energy Plan, which charts the path towards Manitoba’s energy future through building out the grid to grow new clean energy, including wind generation to increase good green jobs, grid reliability, and keep energy rates low for years to come.
    • Restored almost $400,000 in funding to Climate Change Connection, Green Action Centre, and Manitoba Eco-Network to help take tangible action on climate change.
    • Invested in projects to reduce greenhouse gas emissions through the Low Carbon Economy Fund, in partnership with the federal government.
    • Enacted the first-ever formal nutrient reduction target for Lake Winnipeg and its tributaries for improving water quality in Manitoba.
    • Appointed a new board of directors for Efficiency Manitoba and issued a new mandate letter to the Crown corporation, focusing on reducing our fossil fuel emissions.
    • Supported the City of Winnipeg with $10 million for wastewater infrastructure.

    There still remains a lot of work to do, and we are up for the challenge. As the minister of environment and climate change, I look forward to working closely with all Manitobans as we create a greener and cleaner Manitoba.

    – 30 –

    MIL OSI Canada News –

    January 25, 2025
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