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Category: Finance

  • MIL-OSI: Inception Growth Acquisition Limited Announces Postponement of the Special Meeting to July 25, 2025 and Extension of Redemption Request Deadline

    Source: GlobeNewswire (MIL-OSI)

    New York, July 10, 2025 (GLOBE NEWSWIRE) — Inception Growth Acquisition Limited (the “Company”), a blank check company, today announced that its previously announced special meeting of shareholders (the “Special Meeting”) will be postponed from 10:00 a.m. Hong Kong Time on July 14, 2025 to 10:00 a.m. Hong Kong Time on July 25, 2025 and accordingly, the deadline for stockholders to submit redemption requests will be extended to July 23, 2025.

    The physical location of the Special Meeting remains at the offices of Loeb & Loeb LLP, 2206-19 Jardine House, 1 Connaught Place Central, Hong Kong SAR, and virtually via teleconference using the following dial-in information:

    US Toll Free   +1 866 213 0992
    Hong Kong Toll   +852 2112 1888
    Participant Passcode   2910077#

    As a result of the postponement, the deadline for delivery of redemption requests from the Company’s stockholders in connection with the proposed business combination has been extended from July 10, 2025 (two business days before the originally scheduled Special Meeting) to July 23, 2025 (two business days before the postponed Special Meeting). Stockholders who have already submitted redemption requests may revoke such requests prior to the new deadline in accordance with the procedures described in the definitive proxy statement in relation to the Special Meeting (the “Original Proxy Statement”) filed with by the Company with the Securities and Exchange Commission (the “SEC”) on May 27, 2025, and the supplement (the “Supplement”) to the Original Proxy Statement, which was filed by the Company with the SEC on June 26, 2025.

    The record date for determining the Company stockholders entitled to receive notice of and to vote at the Special Meeting remains the close of business on May 27, 2025 (the “Record Date”). Stockholders as of the Record Date are eligible to vote, even if they have subsequently sold their shares.

    If you have questions regarding the certification of your position or delivery of your shares, please contact:

    Continental Stock Transfer & Trust Company, LLC
    1 State Street 30th Floor
    New York, NY 10004-1561
    E-mail: spacredemptions@continentalstock.com

    Other than as indicated herein, no other changes have been made to the Original Proxy Statement as amended and supplemented by the Supplement, or the proxy card as originally filed and mailed. Stockholders are advised to review the Supplement carefully and to consider it together with the Original Proxy Statement, both available on the SEC’s EDGAR database at www.sec.gov, for complete details regarding the matters to be voted in the Special Meeting.

    The Company’s stockholders who have questions regarding the postponement, or the Special Meeting, or would like to request documents may contact the Company’s proxy solicitor, Advantage Proxy, Inc., at (877) 870-8565, or banks and brokers can call (206) 870-8565, or by email at ksmith@advantageproxy.com.

    If you have already voted, you do not need to vote again unless you would like to change or revoke your prior vote on any proposal. In addition, stockholders who have already submitted a redemption request with respect to the shares held by them may withdraw such request by contacting our transfer agent. If you would like to change or revoke your prior vote on any proposal, or reverse a redemption request, please refer to the Proxy Statement for additional information on how to do so.

    If you have already submitted a proxy and do not wish to change your vote, you need not take any further action. If you have submitted a proxy and wish to change your vote, you may revoke your proxy at any time before it is exercised at the Special Meeting as provided in the Original Proxy Statement. Please note, however, that if your shares are held in street name by a broker or other nominee and you wish to revoke a proxy, you must contact the broker or nominee to revoke any prior voting instructions.

    About Inception Growth Acquisition Limited

    Inception Growth Acquisition Limited is a blank check company incorporated under the laws of Delaware whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities.

    Forward Looking Statements

    This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including but not limited to the date of the Special Meeting, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

    Additional Information and Where to Find It

    On May 27, 2025, the Company filed a definitive proxy statement, and on June 26, 2025, the Company filed a supplement to the definitive proxy statement with the SEC in connection with its solicitation of proxies for the Special Meeting. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE SUPPLEMENT, THE ORIGINAL PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER DOCUMENTS THE COMPANY FILES WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the definitive proxy statement (including any amendments or supplements thereto) and other documents filed with the SEC through the web site maintained by the SEC at www.sec.gov or by contacting the Company’s proxy solicitor.

    Participants in the Solicitation

    The Company and its respective directors and officers may be deemed to be participants in the solicitation of proxies from shareholders in connection with the Special Meeting. Additional information regarding the identity of these potential participants and their direct or indirect interests, by security holdings or otherwise, is set forth in the definitive proxy statement. You may obtain free copies of these documents using the sources indicated above.

    Contact

    Inception Growth Acquisition Limited
    Investor Relationship Department
    (315) 636-6638

    The MIL Network –

  • MIL-OSI Russia: Tatyana Golikova spoke at a joint meeting of the State Duma committees.

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Deputy Prime Minister Tatyana Golikova spoke at a joint meeting of the State Duma committees in preparation for holding a government hour on the topic “On priorities in implementing the demographic policy of the Russian Federation.” The meeting was also attended by Minister of Labor and Social Protection Anton Kotyakov, Minister of Finance Anton Siluanov, Minister of Culture Olga Lyubimova, representatives of the Ministry of Health and the Ministry of Construction and Housing and Utilities.

    “Our absolute priority is to preserve the population. This is the main national goal, designated by the President of the country. And this is a national goal for many years. Because within this goal, the birth rate is, of course, the most difficult issue. And the birth rate is not a momentary decision. It is a person’s motivation to start a family. And this is our hard and painstaking work. And I will start with the basics of state policy to support traditional spiritual and moral values. This is, in fact, the key issue. Fostering in society an attitude towards family, towards a child, towards parents, towards grandparents. Towards a multi-generational, dynastic family. And pride in the fact that this family exists,” said Tatyana Golikova.

    The Deputy Prime Minister emphasized that today, on average, a woman gives birth to her first child at the age of 26, and the average age of a woman at the birth of a child is 29.

    “As our President says, the entire infrastructure should be built around the family. And this means that all our priorities, our national projects should work towards this idea,” noted Tatyana Golikova. “What we are seeing today is a great commitment to urbanization. And this commitment to urbanization leads to the fact that individual settlements are left without people. We must create the appropriate infrastructure around. This settlement must live, so that it is interesting to live in it.”

    According to the Deputy Prime Minister, 80.4% of births today occur in cities. At the same time, by the end of 2024, the total fertility rate in Russia as a whole was 1.4, and in the village – 1.6.

    In addition, on the eve of the government hour, Tatyana Golikova met with all factions of the State Duma – United Russia, the Communist Party of the Russian Federation, the Liberal Democratic Party of Russia, A Just Russia and New People. The meetings were also attended by the Minister of Labor and Social Protection Anton Kotyakov, the Minister of Health Mikhail Murashko, the Minister of Finance Anton Siluanov, representatives of the Ministry of Construction and Housing and Public Utilities and the Ministry of Culture.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Canada: Tribunal Issues Determination of Reasonable Indication of Injury—Steel Strapping from China, South Korea, Türkiye and Vietnam

    Source: Government of Canada News (2)

    Ottawa, Ontario, July 10, 2025—The Canadian International Trade Tribunal today determined that there is a reasonable indication that the dumping of steel strapping from China, South Korea, Türkiye and Vietnam, and subsidizing of steel strapping from China have caused injury or are threatening to cause injury to the domestic industry.

    The Tribunal’s inquiry was conducted pursuant to the Special Import Measures Act as a result of the initiation of dumping and subsidizing investigations by the Canada Border Services Agency (CBSA). The CBSA will continue its investigations and, by August 8, 2025, will issue preliminary determinations.

    The Tribunal is an independent quasi-judicial body that reports to Parliament through the Minister of Finance. It hears cases on dumped and subsidized imports, safeguard complaints, complaints about federal government procurement and appeals of customs and excise tax rulings. When requested by the federal government, the Tribunal also provides advice on other economic, trade and tariff matters.

    MIL OSI Canada News –

  • MIL-OSI Security: Leader of Mexican Sex Trafficking Organization Sentenced to 188 Months in Prison

    Source: United States Department of Justice (Human Trafficking)

    Defendant is the Last Member of a Family-Run Sex Trafficking Ring to be Sentenced

    Earlier today, at the federal courthouse in Brooklyn, Hugo Hernandez-Velazquez was sentenced by United States District Judge William F. Kuntz to 188 months’ imprisonment for sex trafficking multiple victims by force, fraud, and coercion.  The defendant was extradited from Mexico to the United States in February 2021.  He pleaded guilty to one count of sex trafficking in April 2023.  Hernandez-Velazquez will be deported to Mexico after completing his sentence.

    Joseph Nocella, Jr., United States Attorney for the Eastern District of New York and Ricky J. Patel, Special Agent in Charge, Homeland Security Investigations, New York (HSI New York), announced the sentence.

    “For years, the defendant and his siblings operated an illegal, abusive, and exploitative sex trafficking operation that stripped victims of their dignity and subjected them to inhumane violence,” stated United States Attorney Nocella.  “It is my hope that the prosecution of their tormentors and the punishment meted out will provide a measure of closure for the brave survivors who assisted the investigation and will help them on their path to healing.”

    “For nearly a decade, the defendant and his family oversaw a vicious sex trafficking campaign wrought with violence, manipulation, coercion, and outright force against women whom they lured into romantic relationships through false promises of love and support,” stated HSI Special Agent in Charge Patel.  “Every day, victims are targeted for human trafficking and other vile forms of exploitation and abuse, often at the hands of their own spouses or purported caretakers.  Today’s sentencing is no doubt a direct result of the bravery of each survivor who courageously spoke up.  Together with our partners, HSI is unflinchingly committed to investigating and vigorously pursuing anyone, anywhere, who sexually exploits the very individuals they claim to care for.”

    Mr. Nocella commended HSI New York’s Trafficking in Persons Unit for leading the investigation of the Hernandez-Velazquez Sex Trafficking Organization; thanked the HSI Mexico City Attaché Office, the Department of Justice’s Office of International Affairs, the U.S. Department of State, Interpol, International Affairs Department of the Attorney General’s Office in Mexico, the Law Enforcement Unit of the State of Tlaxcala Attorney General’s Office, Interpol Mexico, and the New York City Police Department for their assistance; and praised the government of Mexico for its role in advancing bilateral anti-trafficking enforcement efforts.  Mr. Nocella also acknowledged the non-governmental victim service providers and advocates for their dedicated efforts to restore and improve the lives of survivors of trafficking and their families.

    Between approximately 2001 and 2009, the defendant and his siblings, Ernesto, Giovanni and Arcelia Hernandez-Velazquez, ran the Hernandez-Velazquez Sex Trafficking organization (the family organization) based in Mexico.  The family organization used force, fraud, and coercion to cause young women in Mexico to engage in prostitution in the United States.  Members of the family organization lured victims into romantic relationships through false promises of love and support.  The victims were pressured to travel to the United States with promises of a better life with their trafficker.  Once smuggled into the United States, the victims were forced to engage in prostitution.  The family organization maintained a base in Queens, New York, where victims would reside while they were forced to work in New York and other states, including Alabama, Connecticut, Florida, Georgia, Louisiana, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, and Virginia.  The defendant subjected his victims to physical beatings, forced abortions, and threats. The defendant also threatened violence to the victims’ families to force the victims to continue prostituting on his behalf.

    Judge Kuntz previously sentenced Hernandez-Velazquez’s siblings who also pleaded guilty to sex trafficking: Ernesto Hernandez-Velazquez and Giovanni Hernandez-Velazquez were each sentenced to 210 months’ imprisonment; and Arcelia Hernandez-Velazquez, who pleaded guilty to a Mann Act Violation, was sentenced to time served after approximately 60 months in U.S. custody.

    The investigation, prosecution, bilateral enforcement action, and extradition of the defendant from Mexico was coordinated through the U.S.-Mexico Bilateral Human Trafficking Enforcement Initiative.  Since 2009, the Departments of Justice and Homeland Security have collaborated with Mexican law enforcement counterparts in a Bilateral Human Trafficking Enforcement Initiative to dismantle human trafficking networks operating across the U.S.-Mexico border, bring human traffickers to justice, restore the rights and dignity of human trafficking victims, and reunite victims with their children.  These efforts have resulted in successful prosecutions in both Mexico and the United States, including U.S. federal prosecutions of over 175 defendants in multiple cases in Georgia, New York, Florida, and Texas, in addition to numerous Mexican federal and state prosecutions of associated sex traffickers. 

    The government’s case is being handled by the Office’s Human Trafficking and Civil Rights Section.  Assistant United States  Attorney Erin Reid is in charge of the prosecution.

    The Defendant:

    HUGO HERNANDEZ-VELAZQUEZ (also known as “Norberto Hernandez Velasquez” and “La Gallina”)
    Age:  48
    Mexico

    Defendants Previously Sentenced:

    ERNESTO HERNANDEZ-VELAZQUEZ (also known as “Chapas”)
    Age:  45
    Queens, New York

    GIOVANNI HERNANDEZ-VELAZQUEZ
    Age:  37
    Mexico

    ARCELIA HERNANDEZ-VELAZQUEZ (also known as “La Gordis”)
    Age:  46
    Queens, New York

    E.D.N.Y. Docket No. 19-CR-306 (S-1) (WFK)

    MIL Security OSI –

  • MIL-OSI Security: Two Johnstown Residents Each Sentenced to Eight Years or More of Prison for Trafficking Crack Cocaine

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

    JOHNSTOWN, Pa. – Two residents of Johnstown, Pennsylvania, were sentenced in federal court on their convictions of conspiracy to distribute and possess with the intent to distribute crack cocaine, Acting United States Attorney Troy Rivetti announced today.

    The sentences imposed by United States District Judge Marilyn J. Horan were:

    Defendant Age Sentence
    Kevin Johnson 39 100 months in prison, to be followed by four years of supervised release
    Daniel Culmer 58 96 months in prison, to be followed by six years of supervised release

    According to information presented to the Court, from in and around March 2021 to July 2021, in the Western District of Pennsylvania, Johnson conspired to distribute and possess with intent to distribute 28 grams or more of a mixture of crack cocaine. From in and around April 2021 to July 2021, Culmer conspired to distribute and possess with intent to distribute a quantity of a mixture of crack. Johnson and Culmer were intercepted on a federal wiretap obtaining quantities of the drugs that they distributed to others. At the time of his offense, Culmer was on supervised release for a prior federal conviction in 2018 in the Western District of Pennsylvania for distributing heroin.

    Assistant United States Attorney Maureen Sheehan-Balchon prosecuted this case on behalf of the government.

    Acting United States Attorney Rivetti commended the Federal Bureau of Investigation’s Laurel Highlands Resident Agency and Homeland Security Investigations for the investigation that led to the successful prosecution of the defendants. Additional agencies participating in this investigation include the Bureau of Alcohol, Tobacco, Firearms and Explosives, Internal Revenue Service–Criminal Investigation, United States Postal Inspection Service, Pennsylvania Office of Attorney General, Pennsylvania State Police, Cambria County District Attorney’s Office, Indiana County District Attorney’s Office, Cambria County Sheriff’s Office, Cambria Township Police Department, Indiana Borough Police Department, Johnstown Police Department, Upper Yoder Township Police Department, Richland Police Department, Ferndale Police Department, and other local law enforcement agencies.

    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.

    MIL Security OSI –

  • MIL-OSI: TrustCo to Release Second Quarter 2025 Results on July 21, 2025; Conference Call on July 22, 2025

    Source: GlobeNewswire (MIL-OSI)

    GLENVILLE, N.Y., July 10, 2025 (GLOBE NEWSWIRE) — TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release second quarter 2025 results after the market close on July 21, 2025. Results are released on the 21st of the reporting months (January, April, July and October), or on the next day that equity markets are open if the 21st falls on a Friday, weekend or holiday. A conference call to discuss the results will be held at 9:00 a.m. Eastern Time on July 22, 2025. Those wishing to participate in the call may dial toll-free for the United States at 1-833-470-1428, and for Canada at 1-833-950-0062, Access code 258501.   A replay of the call will be available for thirty days by dialing toll-free for the United States at 1-866-813-9403, Access code 410483.

    The call will also be audio webcast at https://events.q4inc.com/attendee/979003710, and will be available for one year. The earnings press release will be posted on the Company’s Investor Relations website at: https://trustcobank.q4ir.com/corporate-overview/corporate-profile/default.aspx. Other information, including the Company’s most recent annual report, proxy statement and filings with the Securities and Exchange Commission can also be found at this website.

    TrustCo Bank Corp NY is a $6.3 billion savings and loan holding company and through its subsidiary, Trustco Bank, operates 136 offices in New York, New Jersey, Vermont, Massachusetts, and Florida. For more information, visit www.trustcobank.com.

    In addition, the Bank’s Wealth Management Department offers a full range of investment services, retirement planning and trust and estate administration services.

    The common shares of TrustCo are traded on The NASDAQ Global Select Market under the symbol TRST.

    Forward-Looking Statements

    All statements in this news release that are not historical are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future developments, results or periods. TrustCo wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and such forward-looking statements are subject to factors and uncertainties that could cause actual results to differ materially for TrustCo from the views, beliefs and projections expressed in such statements. Examples of these include, but are not limited to: volatility in financial markets and the soundness of other financial institutions; U.S. government shutdowns, credit rating downgrades, or failure to increase the debt ceiling; changes in interest rates; the effects of inflation and inflationary pressures and changes in monetary and fiscal policies and laws, including changes in the Federal funds target rate by, and interest rate policies of, the Federal Reserve Board; ongoing armed conflicts (including the Russia/Ukraine conflict and the conflict in Israel and surrounding areas); the risks and uncertainties under the heading “Risk Factors” in our most recent annual report on Form 10-K and, if any, in our subsequent quarterly reports on Form 10-Q; the other financial, operational and legal risks and uncertainties detailed from time to time in TrustCo’s cautionary statements contained in its filings with the Securities and Exchange Commission; and the effect of all of such items on our operations, liquidity and capital position, and on the financial condition of our borrowers and other customers. The forward-looking statements contained in this news release represent TrustCo management’s judgment as of the date of this news release. TrustCo disclaims, however, any intent or obligation to update forward-looking statements, either as a result of future developments, new information or otherwise, except as may be required by law.

    Subsidiary: Trustco Bank

    Contact:     Robert Leonard
    Executive Vice President
    (518) 381-3693
         

    The MIL Network –

  • MIL-OSI: United Fire Group, Inc. announces senior notes offering

    Source: GlobeNewswire (MIL-OSI)

    CEDAR RAPIDS, Iowa, July 10, 2025 (GLOBE NEWSWIRE) — United Fire Group, Inc. (UFG) (Nasdaq: UFCS), a property and casualty insurance holding company, today announced that it has successfully completed a placement of $30 million aggregate principal senior unsecured 9.0% Series B notes due May 31, 2039, (the “notes”) in a private offering (the “offering”) with Ares Alternative Credit funds. Proceeds from the offering will be used to support anticipated growth and for general corporate purposes.

    Stonybrook Capital, LLC served as the company’s exclusive financial advisor in connection with the offering.  

    The notes were offered and sold in a transaction exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and in the United States only to persons reasonably believed to be “qualified institutional buyers” in reliance on the exemption from registration under the Securities Act provided by Rule 144A and outside the United States to certain non U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.

    About UFG

    Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. The company is licensed as a property and casualty insurer in 50 states and the District of Columbia, and is represented by approximately 1,000 independent agencies. AM Best assigns a rating of “A-” (Excellent) for members of the United Fire & Casualty Group. For more information about UFG, visit www.ufginsurance.com.

    Disclosure of forward-looking statements

    This release may contain forward-looking statements about our operations, anticipated performance and other similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements. The forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ from those expected and/or projected. Such forward-looking statements are based on current expectations, estimates, forecasts and projections about the company, the industry in which we operate, and beliefs and assumptions made by management. Words such as “expect(s),” “anticipate(s),” “intend(s),” “plan(s),” “believe(s),” “continue(s),” “seek(s),” “estimate(s),” “goal(s),” “remain(s) optimistic,” “target(s),” “forecast(s),” “project(s),” “predict(s),” “should,” “could,” “may,” “will,” “might,” “hope,” “can” and other words and terms of similar meaning or expression in connection with a discussion of future operations, financial performance or financial condition, are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements. Information concerning factors that could cause actual outcomes and results to differ materially from those expressed in the forward-looking statements is contained in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2024 (“2024 Annual Report”), filed with the Securities and Exchange Commission (“SEC”) on February 26, 2025. The risks identified in our 2024 Annual Report and in our other SEC filings are representative of the risks, uncertainties, and assumptions that could cause actual outcomes and results to differ materially from what is expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release or as of the date they are made. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

    Contact:

    Investor relations
    Email: ir@unitedfiregroup.com

    Media inquiries
    Email: news@unitedfiregroup.com

    The MIL Network –

  • MIL-OSI: Gibson Energy Confirms 2025 Second Quarter Earnings Release Date and Provides Conference Call & Webcast Details

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 10, 2025 (GLOBE NEWSWIRE) — Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today that it expects to release its 2025 second quarter financial and operating results on Monday, July 28, 2025, after the close of North American markets. The 2025 second quarter management’s discussion and analysis and unaudited consolidated financial statements will be available on the Company’s website at www.gibsonenergy.com and on SEDAR+ at www.sedarplus.ca.

    Earnings Conference Call & Webcast Details
    A conference call and webcast will be held to discuss the 2025 second quarter financial and operating results at 7:00am Mountain Time (9:00am Eastern Time) on Tuesday, July 29, 2025.

    To register for the call, view dial-in numbers, and obtain a dial-in PIN, please access the following URL:

    Registration is currently open and recommended at least five minutes prior to the conference call.

    This call will also be broadcast live on the Internet and may be accessed directly at the following URL:

    The webcast will remain accessible for a 12-month period at the above URL.

    About Gibson
    Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan.

    Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information, visit www.gibsonenergy.com.

    For further information, please contact:

    Investor Relations
    Phone: (403) 776-3077
    Email: investor.relations@gibsonenergy.com

    Media
    Phone: (403) 476-6334
    Email: communications@gibsonenergy.com

    The MIL Network –

  • MIL-OSI: Gibson Energy Confirms 2025 Second Quarter Earnings Release Date and Provides Conference Call & Webcast Details

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 10, 2025 (GLOBE NEWSWIRE) — Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today that it expects to release its 2025 second quarter financial and operating results on Monday, July 28, 2025, after the close of North American markets. The 2025 second quarter management’s discussion and analysis and unaudited consolidated financial statements will be available on the Company’s website at www.gibsonenergy.com and on SEDAR+ at www.sedarplus.ca.

    Earnings Conference Call & Webcast Details
    A conference call and webcast will be held to discuss the 2025 second quarter financial and operating results at 7:00am Mountain Time (9:00am Eastern Time) on Tuesday, July 29, 2025.

    To register for the call, view dial-in numbers, and obtain a dial-in PIN, please access the following URL:

    Registration is currently open and recommended at least five minutes prior to the conference call.

    This call will also be broadcast live on the Internet and may be accessed directly at the following URL:

    The webcast will remain accessible for a 12-month period at the above URL.

    About Gibson
    Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan.

    Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information, visit www.gibsonenergy.com.

    For further information, please contact:

    Investor Relations
    Phone: (403) 776-3077
    Email: investor.relations@gibsonenergy.com

    Media
    Phone: (403) 476-6334
    Email: communications@gibsonenergy.com

    The MIL Network –

  • MIL-OSI: Gevo’s RNG Subsidiary Closes $40 Million in New Bond Sales, Refinances Debt, and Strengthens Gevo Balance Sheet

    Source: GlobeNewswire (MIL-OSI)

    ENGLEWOOD, Colo., July 10, 2025 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased to announce that Barclays Capital Inc. has purchased $40 million of newly issued non-recourse tax-exempt private activity bonds (the “2025 Bonds”) issued by the Iowa Finance Authority for the benefit of Gevo’s wholly owned subsidiary, Gevo NW Iowa RNG, LLC (“Gevo RNG”). The bond proceeds were used to refinance $40 million of the previously issued Iowa Finance Authority Solid Waste Facility Revenue Bonds (Gevo NW Iowa RNG, LLC Renewable Natural Gas Project), Series 2021 (Green Bonds) (the “Previous Bonds”), which were issued in the aggregate principal amount of $68.2 million and secured by an irrevocable direct pay letter of credit. This partial refinancing of the Previous Bonds enabled Gevo to release $40 million of restricted cash that was securing the letter of credit and increase its balance sheet liquidity by approximately $30 million after paying transaction costs and funding reserves associated with the 2025 Bonds.

    Gevo expects to release additional restricted cash later this year by refinancing the remaining balance of the Previous Bonds through the issuance of an additional series of 2025 Bonds.

    Gevo RNG generates renewable natural gas (“RNG”) by collecting manure on dairy farms and placing it in anaerobic digesters installed on those farms, where biogas is captured, then refined to serve as a more sustainable alternative to fossil natural gas as a transportation fuel. Gevo RNG sells the RNG into California via a marketing agent. In March 2025, Gevo RNG received California Air Resources Board (“CARB”) certification of a carbon intensity score of negative 339 gCO2e/MJ to be used in calculating California’s Low Carbon Fuel Standard (“LCFS”) credits. Under current LCFS modeling, RNG produced by Gevo RNG is expected to yield upwards of 175,000 metric tons of carbon dioxide equivalent greenhouse gas emissions reductions annually. Gevo continues to explore increased scaling and margin expansion opportunities for its RNG business, and how to leverage it synergistically with its other lines of business.

    About Gevo

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

    For more information, see www.gevo.com.

    About Barclays Capital Inc.

    Barclays Capital Inc. (BCI) is a US registered broker-dealer and futures commission merchant (FCM) that serves clients worldwide. It’s an affiliate of Barclays Bank PLC and is regulated by the SEC and FINRA. BCI offers a wide range of brokerage and investment services, including securities trading, investment advice, and financial planning.

    Forward Looking Statements

    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters including, without limitation, the liquidity effects of the 2025 Bonds, the ability to refinance the Previous Bonds, expected greenhouse gas emission yields, expected expansion projects, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations, and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events, or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2024, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

    Media Contact

    Heather L. Manuel
    VP, Stakeholder Engagement & Partnerships
    PR@gevo.com

    IR Contact

    Eric Frey, PhD
    VP, Finance & Strategy
    IR@Gevo.com

    The MIL Network –

  • MIL-OSI: LPL Financial Announces Second Quarter 2025 Earnings Release Date and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, July 10, 2025 (GLOBE NEWSWIRE) — LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”), the parent corporation of LPL Financial LLC, announced today it will report second quarter financial results after the market closes on Thursday, July 31. The Company will host a conference call to discuss its results at 5 p.m. ET the same day.

    The conference call will be accessible and available for replay at investor.lpl.com/events.

    Contacts

    Investor Relations
    investor.relations@lplfinancial.com

    Media Relations
    media.relations@lplfinancial.com

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”) and LPL Enterprise, LLC (“LPL Enterprise”), both registered investment advisors and broker-dealers. Members FINRA/SIPC.

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

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

    The MIL Network –

  • MIL-OSI: Rapid7 to Report Second Quarter 2025 Financial Results on August 7

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, July 10, 2025 (GLOBE NEWSWIRE) — Rapid7, Inc. (NASDAQ: RPD), a leader in threat detection and exposure management, today announced that the company will release its second quarter 2025 financial results on Thursday, August 7, 2025, after the financial markets close.

    The company will host a conference call that same day to discuss its results and business outlook at 4:30 p.m. Eastern Time. To register for the live event please visit: https://q2-2025-rapid7-earnings-call.open-exchange.net/.

    A live webcast of the conference call and the financial results press release will be accessible from the Rapid7 investor relations website at https://investors.rapid7.com. A webcast replay of the call will be available at https://investors.rapid7.com.

    About Rapid7
    Rapid7, Inc. (NASDAQ: RPD) is on a mission to create a safer digital world by making cybersecurity simpler and more accessible. We empower security professionals to manage a modern attack surface through our best-in-class technology, leading-edge research, and broad, strategic expertise. Rapid7’s comprehensive security solutions help more than 11,000 global customers unite cloud risk management and threat detection to reduce attack surfaces and eliminate threats with speed and precision. For more information, visit our website, check out our blog, or follow us on LinkedIn or X.

    Rapid7 Investor Contact:
    Elizabeth Chwalk
    Vice President, Investor Relations
    investors@rapid7.com
    (617) 865-4277

    Rapid7 Press Contact:
    Alice Randall
    Director, Global
    Corporate Communications
    press@rapid7.com
    (857) 216-7804

    The MIL Network –

  • MIL-OSI: Varonis Announces Date of Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, July 10, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), the leader in data security, announced that it will report its second quarter 2025 financial results following the close of the U.S. financial markets Tuesday, July 29, 2025.

    In conjunction with this announcement, Varonis will host a conference call Tuesday, July 29, 2025, at 4:30 p.m. ET to discuss the company’s financial results.

    To access this call, dial 877-425-9470 (domestic) or 201-389-0878 (international). The conference ID number is 13754774. A replay of this conference call will be available through August 6, 2025, at 844-512-2921 (domestic) or 412-317-6671 (international). The replay passcode is 13754774.

    A live webcast of this conference call will be available on the “Investor Relations” page of the company’s website (https://ir.varonis.com), and the replay will be archived on the website for one year.
      
    Additional Resources

    About Varonis

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

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

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

    Investor Relations Contact:
    Tim Perz
    Varonis Systems, Inc.
    646-640-2112
    investors@varonis.com

    News Media Contact:
    Rachel Hunt
    Varonis Systems, Inc.
    877-292-8767 (ext. 1598)
    pr@varonis.com

    The MIL Network –

  • MIL-OSI: James River Announces Executive Appointments; Second Quarter Earnings Conference Call on Tuesday, August 5, 2025

    Source: GlobeNewswire (MIL-OSI)

    PEMBROKE, Bermuda, July 10, 2025 (GLOBE NEWSWIRE) — James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today announced two leadership appointments to its executive team.

    • Valdean Langenburg has been appointed Group Chief Information Officer (“CIO”) succeeding Thomas Peach, who retired on July 4 after a more than four decade career in information technology, including six years as James River’s CIO.
    • Justin Zaharris has been promoted to Group Chief Claims Officer, expanding upon his current responsibilities as Vice President, overseeing claims for the Company’s Excess & Surplus Lines segment where he has served since 2021.

    “Both Val and Justin are proven leaders whose expertise complements the already strong bench at James River,” said Frank D’Orazio, Chief Executive Officer. “Their commensurate experience built both at notable industry peers and developed in-house respectively, position us to continue to advance our strategic initiatives across technology, data, and claims. I also want to extend my sincere gratitude to Tom Peach for his exemplary service and wish him every success in retirement.

    Executive Backgrounds:

    Mr. Langenburg joins the Company from WR Berkley, where he led information technology strategy for the firm’s Excess and Surplus Lines segment. He will be based in Richmond, Virginia and report directly to Frank D’Orazio.

    Mr. Langenburg commented, “I am thrilled to join James River and look forward to working closely with my new colleagues to help drive the Group’s technology, data and innovation initiatives for the future.”

    Mr. Zaharris brings more than 20 years of legal, technical and operational claims expertise in the property and casualty industry. He will continue to work from the Company’s Richmond office and report to Mr. D’Orazio.

    Mr. Zaharris commented, “I’m honored to take on this broader leadership role and build on the Company’s defining excellence and reputation for claims handling while delivering outstanding service to policyholders.”

    Earnings Date Announcement:

    James River will release second quarter 2025 earnings after the market closes on Monday August 4, 2025 and will host an earnings conference call on Tuesday, August 5, 2025 at 8:30 a.m. (Eastern Time).

    The conference call may be accessed by dialing (800) 715-9871, conference ID 2949592, or via the investor website at https://investors.jrvrgroup.com. A replay will also be available in the same location.

    Forward Looking Statements

    This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. In some cases, such forward-looking statements may be identified by terms such as believe, expect, seek, may, will, should, intend, project, anticipate, plan, estimate, guidance or similar words. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Information about these risks and uncertainties is contained in our filings with the U.S. Securities and Exchange Commission (“SEC”), including our most recently filed Annual Report on Form 10-K. These forward-looking statements speak only as of the date of this release and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

    About James River Group Holdings, Ltd.

    James River Group Holdings, Ltd. is a Bermuda-based insurance holding company that owns and operates a group of specialty insurance companies. The Company operates in two specialty property-casualty insurance segments: Excess and Surplus Lines and Specialty Admitted Insurance. Each of the Company’s regulated insurance subsidiaries are rated “A-” (Excellent) by A.M. Best Company. Visit James River Group Holdings, Ltd. on the web at www.jrvrgroup.com.

    Bob Zimardo
    SVP, Investments & Investor Relations
    InvestorRelations@james-river-group.com

    The MIL Network –

  • MIL-OSI USA: Congressman Robert Garcia and Senator Alex Padilla Reintroduce the ‘Clean Shipping Act’ to Reduce Port Pollution and Protect the Health of Port Communities

    Source: United States House of Representatives – Congressman Robert Garcia California (42nd District)

    Washington, D.C. – Today, Congressman Robert Garcia (CA-42) and Senator Alex Padilla (D-CA) reintroduced the Clean Shipping Act. This bill establishes a path to eliminate greenhouse gas emissions from large ships that come to U.S. ports, protecting the health of port communities and addressing the environmental and climate impacts of shipping pollution. Specifically, the bill would mandate that by 2050, ships must cut all greenhouse gas pollution, and by 2035, they must emit zero emissions while parked at ports. The bill is co-led by Congresswoman Nanette Barragán (CA-44). The bill text can be found here. 

    “Our nation’s ports, particularly the Port of Long Beach, are crucial parts of the economy that drive our supply chain at home. However, they’re also among the largest sources of pollution in our coastal communities,” said Congressman Robert Garcia. “Ship pollution is harmful for the health of people living near ports, and disproportionately affects low-income, working-class neighborhoods and communities of color. That’s why I’m proud to introduce a bill that addresses greenhouse gas pollution and creates a path to fully eliminate emissions. We must protect people’s health and stop our climate crisis, while ensuring good-paying jobs for the future.”

    “California’s ports are the powerhouse of our country’s economy, moving critical freight and providing good-paying jobs, all while leading the nation’s decarbonizing efforts. But neighboring communities have been forced to shoulder the brunt of global shipping pollution for too long,” said Senator Alex Padilla. “Our legislation would strengthen the sustainability of our shipping industry by reducing emissions in maritime transportation while simultaneously protecting coastal communities. The health of our communities and our planet requires us to be forward-looking and ambitious — we owe future generations nothing less than bold, transformative action.”

    “I’m proud to reintroduce the Clean Shipping Act because people deserve to breathe clean air, and this bill will help make that a reality. Communities near the Ports of Los Angeles and Long Beach—many of them communities of color—continue to suffer from toxic air pollution caused by ships. This bill sets a clear path to zero-emission shipping. It’s a critical step to clean up our air, protect public health, and take on the climate crisis. Port communities have waited long enough, we must act now,” said Congresswoman Nanette Barragán.

    “In order to protect our ocean and stay competitive with the rest of the world, we need federal leadership to help modernize and clean up U.S. shipping. By driving the shipping sector to develop, scale and deploy zero-emission technologies, we can spur job creation, help tackle the climate crisis and help create cleaner air for the millions of Americans living near ports. We commend Representative Garcia and Senator Padilla for their leadership on this issue and look forward to working with members of Congress to make this bill a reality,” said Caroline Bonfield, Ocean Conservancy’s Shipping Emissions U.S. Policy Manager

    “The Clean Shipping Act of 2025 will send a clear signal to the shipping industry that they must reduce their emissions by phasing out the use of fossil fuels and transition to a cleaner future. Technology-forcing policies like this legislation will enable large-scale investment in sustainable maritime fuels and technologies and establish a level playing field, minimizing the risk for manufacturers and suppliers. For far too long, dirty ships have brought significant levels of air pollution into U.S. port communities. We commend Representative Garcia and Senator Padilla for reintroducing this important bill and leading the effort to help protect communities disproportionately impacted by these harmful emissions,” said Antonio Santos, Federal Climate Policy Director, Pacific Environment.

    “The shipping industry has been polluting communities for decades, but we have the power to make shipping cleaner. Port expansions across the country have been especially devastating for communities living closest to the harbors where large ships spew toxic diesel exhaust that worsens air quality and contributes to the climate crisis. People living near ports deserve to breathe clean air, and the Clean Shipping Act will help make that a reality,” said Katherine García, Director of the Clean Transportation for All Campaign, Sierra Club. 

    “GreenLatinos endorses the urgently needed Clean Shipping Act, which protects Latino/e and other vulnerable communities from further exposure to port pollution and takes important steps to reduce harm from toxic ship fuels. 1 in 3 Latines live in the top 20% of most pollution-impacted communities. Pollution burdened communities are facing even more exposure as idling ships wait days to enter port and offload their cargo. We urge Congress to act swiftly in passing this vital legislation and protect our coastal communities from the harms of port emissions,” said Andrea Marpillero-Colomina, Policy Advisor, GreenLatinos.

    “The Clean Shipping Act of 2025 will help us work toward a future where healthy port communities thrive and everyone benefits from leveraging the tremendous potential of the ocean and ocean industries as powerful sources of climate solutions. We are grateful for the leadership of Congressman Garcia and Senator Padilla for advancing this legislation for our ocean, climate, and communities,” said Sarah Guy, Executive Director, Ocean Defense Initiative. 

    The global shipping industry accounts for nearly 3% of all global greenhouse gas emissions, and that number is expected to rise if no action is taken. Additionally, almost 40% of Americans live near ports, where people’s health is harmed by air pollution. This especially impacts working-class neighborhoods and communities of color. 

    The Clean Shipping Act is endorsed by Breathe Southern California, CleanEarth4Kids.org, Don’t Waste Arizona, Environmental Investigation Agency, Friends of the Earth, GreenLatinos, Intheshadowofthewolf, Long Beach Alliance for Clean Energy, Milwaukee Riverkeeper, Ocean Conservancy, Ocean Defense Initiative, Pacific Environment, Restoring Earth Connection, San Pedro & Peninsula Homeowners Coalition, Seattle Cruise Control, Sierra Club, Sunflower Alliance, 350 Bay Area Action, 350 Sacramento, Turtle Island Restoration Network, Washington Physicians for Social Responsibility, ABB, Evolve Hydrogen Inc., Maritime Battery Forum, and Zero Emissions Ship Technology Association

    Congressman Garcia, a co-chair of the Congressional PORTS Caucus, is committed to advocating for bold climate action and environmental justice, which includes improving port infrastructure. Congressman Garcia first introduced the Clean Shipping Act alongside Senator Padilla in 2023. During his time in Congress, Congressman Garcia has helped secure over $283 million in federal grant money for the completion of the Port of Long Beach Pier B Port Project, which will significantly reduce truck traffic and harmful emissions while improving safety, local congestion, and yielding nationwide economic benefits. Congressman Garcia also helped secure two federal grants through the Bipartisan Infrastructure Law totaling nearly $44 million to reduce truck emissions at port facilities located in the Port of Long Beach. As Mayor of Long Beach, Congressman Garcia worked with the Port of Long Beach to navigate the historic surge in volume in freight in the aftermath of the COVID-19 pandemic.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Gov. Pillen Announces Appointments to Newly Created School Financing Review Commission

    Source: US State of Nebraska

    . Pillen Announces Appointments to Newly Created School Financing Review Commission

    LINCOLN, NE – Today, Governor Jim Pillen announced appointments to the School Financing Review Commission, as created through the passage of LB303. The bill, which received bipartisan support from the Legislature on a vote of 48-0, was introduced on the Governor’s behalf by Senator Jana Hughes. When passed, LB303 included an emergency clause, making it effective when Gov. Pillen signed it on June 4.

    The commission, consisting of 18 members, is tasked with reviewing the state’s school funding formula – the Tax Equity and Educational Opportunities Support Act (TEEOSA) – and providing the Legislature with annual recommendations about adjustments to ensure stable state aid to schools, while also reducing property taxes.

    “I believe the state needs to fulfill its constitutional obligation to fund public K-12 education. Not run those schools but fund them. Creation of this commission is a first, but critically important step in fixing the 35-year problem that has resulted from TEEOSA,” said Gov. Pillen. “If we are to get a grip on the state’s property tax crisis, we must be willing to address the ever-growing burden that falls on property tax as a result of footing the bill for our schools.”

    Commissioner of Education Brian Maher will serve as the commission’s chairperson and the Nebraska Department of Education (NDE) will provide assistance to the group. The remaining 17 positions, and the Governor’s appointees, are listed below.

    Property Tax Administrator (or designee):

    Sarah Scott, Property Tax Administrator

    Governor’s Representative:

    Grant Latimer, Policy Advisor to Governor Pillen

    Representatives Appointed by the Legislature (three, nonvoting):

    Senator Dave Murman, Chairman, Education Committee

    Senator Eliot Bostar, Appointed by the Revenue Committee

    Senator Jana Hughes, Appointed by the Executive Board

    Postsecondary Education Representative with Expertise in School Finance:

    Paul Turman, Chancellor, State College System

    Superintendents or School Board Members from Class I, II, III Districts (four):

    Class I: Ann Foster, Superintendent, Brady Public Schools

    Class II: Jason Dolliver, Superintendent, Pender Public Schools

    Class III: Aaron Plas, Superintendent, Bennington Public Schools

    Additional: Keith Runge, President, Columbus Lakeview School Board

    Class IV District Member (one) and Class V District Member (one):

    Class IV: Liz Standish, Associate Superintendent for Business Affairs, Lincoln Public

    Class V: Shavonna Holman, School Board Member, Omaha Public

    At-Large Members (five):

    Former Senator Lou Ann Linehan

    State Treasurer Tom Briese

    Certified Public School Teacher: (This position has not yet been appointed)

    Former Senator Fred Meyer

    John Schwartz, Superintendent, Millard Public Schools

    “I appreciate the commitment of these dedicated public servants who, like me, want to ensure the quality of our state’s education, but recognize the need to balance that investment with smart tax policy, making us more competitive with our neighboring states so we can grow Nebraska,” said Gov Pillen. “We are fortunate to have leadership on this commission ready to begin this important initiative.”

    MIL OSI USA News –

  • MIL-OSI USA: Gov. Pillen Announces Appointments to Newly Created School Financing Review Commission

    Source: US State of Nebraska

    . Pillen Announces Appointments to Newly Created School Financing Review Commission

    LINCOLN, NE – Today, Governor Jim Pillen announced appointments to the School Financing Review Commission, as created through the passage of LB303. The bill, which received bipartisan support from the Legislature on a vote of 48-0, was introduced on the Governor’s behalf by Senator Jana Hughes. When passed, LB303 included an emergency clause, making it effective when Gov. Pillen signed it on June 4.

    The commission, consisting of 18 members, is tasked with reviewing the state’s school funding formula – the Tax Equity and Educational Opportunities Support Act (TEEOSA) – and providing the Legislature with annual recommendations about adjustments to ensure stable state aid to schools, while also reducing property taxes.

    “I believe the state needs to fulfill its constitutional obligation to fund public K-12 education. Not run those schools but fund them. Creation of this commission is a first, but critically important step in fixing the 35-year problem that has resulted from TEEOSA,” said Gov. Pillen. “If we are to get a grip on the state’s property tax crisis, we must be willing to address the ever-growing burden that falls on property tax as a result of footing the bill for our schools.”

    Commissioner of Education Brian Maher will serve as the commission’s chairperson and the Nebraska Department of Education (NDE) will provide assistance to the group. The remaining 17 positions, and the Governor’s appointees, are listed below.

    Property Tax Administrator (or designee):

    Sarah Scott, Property Tax Administrator

    Governor’s Representative:

    Grant Latimer, Policy Advisor to Governor Pillen

    Representatives Appointed by the Legislature (three, nonvoting):

    Senator Dave Murman, Chairman, Education Committee

    Senator Eliot Bostar, Appointed by the Revenue Committee

    Senator Jana Hughes, Appointed by the Executive Board

    Postsecondary Education Representative with Expertise in School Finance:

    Paul Turman, Chancellor, State College System

    Superintendents or School Board Members from Class I, II, III Districts (four):

    Class I: Ann Foster, Superintendent, Brady Public Schools

    Class II: Jason Dolliver, Superintendent, Pender Public Schools

    Class III: Aaron Plas, Superintendent, Bennington Public Schools

    Additional: Keith Runge, President, Columbus Lakeview School Board

    Class IV District Member (one) and Class V District Member (one):

    Class IV: Liz Standish, Associate Superintendent for Business Affairs, Lincoln Public

    Class V: Shavonna Holman, School Board Member, Omaha Public

    At-Large Members (five):

    Former Senator Lou Ann Linehan

    State Treasurer Tom Briese

    Certified Public School Teacher: (This position has not yet been appointed)

    Former Senator Fred Meyer

    John Schwartz, Superintendent, Millard Public Schools

    “I appreciate the commitment of these dedicated public servants who, like me, want to ensure the quality of our state’s education, but recognize the need to balance that investment with smart tax policy, making us more competitive with our neighboring states so we can grow Nebraska,” said Gov Pillen. “We are fortunate to have leadership on this commission ready to begin this important initiative.”

    MIL OSI USA News –

  • MIL-OSI Europe: Italy: EIB, SACE and Intesa Sanpaolo provide €1.5 billion for Terna’s Adriatic Link

    Source: European Investment Bank

    EIB

    • The Adriatic Link, a strategic project for Italy’s energy system included in the National Integrated Plan for Energy and Climate, is Terna’s submarine power line that will connect the Marche and Abruzzo regions.
    • The financing for Terna is structured as follows: a €750 million loan from the EIB, a €500 million loan from Intesa Sanpaolo, and an additional €250 million credit line from Intesa Sanpaolo with indirect EIB funding. All transactions are backed by SACE’s Archimede Guarantee for an amount exceeding 1 billion.

    The European Investment Bank (EIB), Terna, Intesa Sanpaolo (IMI Corporate and Investment Banking Division) and SACE have signed agreements totalling €1.5 billion to back the development and construction of the Adriatic Link, the submarine power cable linking the Italian regions of Marche and Abruzzo. The main objectives of the project are to strengthen energy exchange in central Italy and promote the integration of renewable energy sources.

    The signature ceremony took place in Rome today with the participation of EIB Group President Nadia Calviño, EIB Vice-President Gelsomina Vigliotti, Terna CEO and General Manager Giuseppina Di Foggia, SACE CEO and General Manager Alessandra Ricci, and Head of Industry Infrastructure in Intesa Sanpaolo’s IMI Corporate and Investment Banking Division Riccardo Dutto.

    The operation is financially structured into three tranches, all of which are covered by SACE’s Archimede guarantee for an amount exceeding 1 billion euros:

    • A €750 million loan granted by the EIB to Terna, with a duration of 22 years;
    • A €500 million credit line provided by Intesa Sanpaolo to Terna, with a duration of 7 years;
    • An additional €250 million loan from Intesa Sanpaolo, with funding made available by the EIB and a duration of 7 years, in support of the project.

    The Adriatic Link is strategically important for Italy’s power grid and is part of the country’s national energy and climate plan. It will strengthen energy exchange in central Italy, meeting the security and flexibility needs of the national power grid and development and renewable energy integration targets

    The high-voltage direct current (HVDC) line will be 251 km long, 210 km of which will be submarine cable at a maximum depth of around 100 metres. It will have a nominal active transmission capacity of 1 000 MW and will link the Fano (Province of Pesaro and Urbino) and Cepagatti (Province of Pescara) electrical substations. The cable will be underground or under the seabed for the entire route, minimising the impact on the region. Work (authorised by the Ministry of the Environment and Energy Security in January 2024) on land began late last year.

    The project will also have a positive economic impact in cohesion regions, contributing to local development.

    EIB Group President Nadia Calviño said: “This investment will be key to boost a more stable and safer energy market in the country, improving the national power grid and speeding up the integration of renewable energy sources.” EIB Vice-President Gelsomina Vigliotti added: “This agreement confirms the EIB’s central role in mobilising public and private sector resources to promote strategic autonomy and the energy transition in Europe.”

    “The energy transition has given new impetus to investment to modernise and strengthen power grids across Europe, as shown in Terna’s updated business plan for 2024-2028 presented at the beginning of this year,” said Terna CEO and General Manager Giuseppina Di Foggia. “The financing signed today with the EIB (with which Terna has a strong, longstanding relationship) and Intesa Sanpaolo (which has a key role in backing the group’s financial strategy) recognises the strategic value of our network infrastructure, which is vital to promoting the integration of renewable energy sources and increasing Italy’s energy autonomy and security. At the same time, SACE’s role in the agreement shows Terna’s work creates economic and social value for the country.”

    “In the IMI Corporate and Investment Banking division, we have always believed in the value of public-private cooperation, a key element in accelerating the construction of sustainable infrastructure and helping to modernise the country,” added Chief of Intesa Sanpaolo’s IMI Corporate and Investment Banking Division Mauro Micillo. “A concrete example of this is our participation in the Adriatic Link project, which is of strategic importance for energy security. This operation confirms Intesa Sanpaolo’s role in backing the energy transition and supporting public institutions and businesses with high-impact investments for the future of local communities and the national economy.”

    “The signature of this agreement is a very important moment for the Italian energy system, showing SACE’s crucial role in supporting innovation and the transition to a more sustainable future. A key pilar of this operation, the Archimede guarantee embodies our commitment to creating value for communities and the whole country,” said SACE CEO and General Manager Alessandra Ricci. “We are moving towards more resilient and integrated energy infrastructure capable of responding to global challenges. SACE will continue to be a strategic partner for projects shaping the future of Italy.”

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight key priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.  The EIB Group, which also includes the European Investment Fund (EIF), signed over 900 projects worth nearly €89 billion in 2024, boosting Europe’s competitiveness and security. The EIB Group signed 99 operations totalling €10.98 billion in Italy in 2024, helping to unlock almost €37 billion of investment in the real economy. All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment. Fostering market integration and mobilising investment, the funds made available by the Group unlocked over €100 billion in new investment for Europe’s energy security in 2024 and mobilised a further €110 billion for startups and scale-ups. Around half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    The Terna Group is a leading electricity transmission operator in Europe and around the world. It manages Italy’s national high-voltage transmission grid, with around 75 000 km of power lines over 900 electrical substations across the country. Its mission is to guarantee the secure operation, quality and efficiency of the Italian electricity system 24 hours a day, 365 days a year, and to ensure equal access conditions for all market operators. A centre of excellence comprising over 6 100 professionals, Terna plays a guiding role in the energy transition process towards complete decarbonisation and the full integration of energy from renewable sources into the grid. For more information, visit www.terna.it.

    SACE is an insurance and finance company owned by the Italian Ministry for the Economy and Finance. It specialises in helping Italian companies to grow through a wide range of tools and solutions backing exports and innovation, including financial guarantees, factoring, risk management and protection, advisory services and business matching. With a network of 11 offices in Italy and 13 more in Made in Italy target countries around the world, SACE currently supports 60 000 companies, enabling them to reach their national and international potential with a portfolio of insurance operations and guaranteed investments worth approximately €270 billion in 200 global markets.

    Intesa Sanpaolo, with €417 billion in loans and €1.4 trillion in customer financial assets at the end of March 2025, is the largest banking group in Italy, with a significant international presence. It is a European leader in wealth management, with a strong focus on digital and fintech. The Group will provide €115 billion of Impact lending by 2025 to support communities and the green transition, together with a €1.5 billion program (2023-2027) to help people in need. The Bank’s network of museums, the Gallerie d’Italia, hosts its owned artistic heritage and cultural projects of recognized value.  

    News: group.intesasanpaolo.com/en/newsroom

    X: @intesasanpaolo

    LinkedIn: linkedin.com/company/intesa-sanpaolo

    TERNA ADRIATIC LINK

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    TERNA ADRIATIC LINK

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    Download original

    MIL OSI Europe News –

  • MIL-OSI Asia-Pac: Four men arrested by Police National Security Department

    Source: Hong Kong Government special administrative region – 4

         The National Security Department (NSD) of the Hong Kong Police Force took enforcement actions on July 9 and arrested four men, aged between 15 and 47, who were suspected of illegally participating in the Hong Kong Democratic Independence Alliance, which was established in China’s Taiwan region and engaged in activities aimed at committing subversion, in contravention of the offence of subversion under Article 22 of the National Security Law. The arrested persons are being detained for investigation.

         The Hong Kong Democratic Independence Alliance was established in 2024 through a social media platform, with the objectives of committing subversion and achieving “Hong Kong independence”. The organisation has publicly expressed its stance in support of secession and subversion on various occasions. Investigation revealed that the arrested persons held different roles within the organisation and were actively involved in its affairs, including planning publicity, liaising with external forces and organising related activities.

         Police stressed that any person or organisation inciting secession, subversion or endangering national security in any form is committing a serious offence. Any person who contravenes the offence of “subversion” is liable to a maximum penalty of life imprisonment. Police will ensure that the law is observed and strictly enforced, and will take resolute actions to hold offenders accountable. All illegal acts will be followed up to this end.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: AG Labrador Wins at Idaho Supreme Court Over Taxpayer Misuse Investigation

    Source: US State of Idaho

    Home Newsroom AG Labrador Wins at Idaho Supreme Court Over Taxpayer Misuse Investigation

    BOISE — Attorney General Raúl Labrador won a unanimous Idaho Supreme Court victory affirming his authority to investigate alleged misuse of government grants issued to charitable organizations in the state of Idaho. The Court reversed the ruling that blocked the Attorney General from obtaining information from 19 grant recipients. The Court affirmed his authority to issue civil investigative demands (CIDs) under the Idaho Charitable Assets Protection Act (“ICAPA”), the Idaho Charitable Solicitation Act (“ICSA”), and the Idaho Consumer Protection Act. Under this investigative authority, the Attorney General may issue CIDs to any person who he has “reason to believe” possesses relevant information regarding a suspected violation of ICAPA and ICSA.  “The Idaho Supreme Court unanimously confirmed we have full authority to investigate potential misuse of charitable funds and to seek information from anyone who may have relevant knowledge,” said Attorney General Labrador. “We have worked cooperatively with many entities throughout this process. Those who have worked with us understand that our goal is not to punish grant recipients but to ensure taxpayer funds were used according to state law. We will continue to defend the investigative powers the Legislature has entrusted our office.” In 2021, the Idaho Legislature established the Community Partner Grant Program using American Rescue Plan Act funds provided by Congress to help states address COVID-19’s impact on school-aged children, including learning loss. The Legislature appropriated a total of $72 million—$36 million in 2021 and $36 million in 2022—with specific restrictions requiring the funds be used only for in-person educational and enrichment activities serving children ages 5 through 13. In 2023, Attorney General Labrador received reports alleging certain grant funds were improperly used contrary to statutory requirements. He issued Civil Investigative Demands to grant recipients and others who the Attorney General believed might have knowledge of the alleged misuse of charitable funds.  The Court determined that grant funds fit within the statutory definition of charitable donations, giving the Attorney General clear authority to seek information under Idaho’s charitable protection laws. The Court ruled that the Attorney General can demand information from anyone he has reason to believe possesses relevant knowledge about suspected violations. The Court held that a single request for information within one of the 35 investigative demands was overbroad and remanded it to the district court, while upholding the Attorney General’s authority to seek relevant information. The Court declined to award attorney fees.
    Idaho Supreme Court Opinion Here. 

    MIL OSI USA News –

  • MIL-OSI Europe: EU Member States join programme supporting EU exports to Ukraine

    Source: European Investment Bank

    ©Oleksandra Shliakhetska/ EIB

    Ten EU Member States – Denmark, Finland, France, Germany, Italy, Latvia, Romania, Slovakia, Slovenia and Spain – have joined InvestEU’s Ukraine Export Credit Pilot, a guarantee facility backed by the European Investment Fund (EIF), part of the European Investment Bank Group. Three more countries are expected to join the programme soon. 

    Under the programme, national export credit agencies in each country each country will receive an EIF-backed guarantee for national exporters of goods and services to Ukraine. They are also eligible for support from InvestEU Advisory services.

    The guarantees help reduce financial risks and keep exports flowing – from machinery and building materials to critical technologies – while also supporting Ukraine’s deeper integration into the EU single market and its longer-term path toward EU membership.

    MIL OSI Europe News –

  • MIL-OSI USA: Carbajal, Webster Reintroduce Bipartisan Legislation to Create National Infrastructure Bank

    Source: United States House of Representatives – Representative Salud Carbajal (CA-24)

    U.S. Representatives Salud Carbajal (D-CA-24) and Daniel Webster (R-FL-11), senior leaders of the House Transportation and Infrastructure Committee, reintroduced the bipartisan National Infrastructure Investment Corporation (NIIC) Act, which would authorize the creation of a national infrastructure bank.

    The bank created by the NIIC Act would be authorized to provide loans and loan guarantees to local infrastructure projects, giving local governments another potential funding source in addition to support provided by the Bipartisan Infrastructure Law or other federal and state funding sources.

    “The Bipartisan Infrastructure Law was a landmark step in revitalizing our nation’s crumbling infrastructure, but more investment is needed to help fix our country’s roads and bridges, upgrade our waterways and wastewater systems, expand telecommunications capabilities, and more,” said Rep. Carbajal. “This bipartisan bill will unlock billions of dollars a year in private funding to support our nation’s most pressing infrastructure projects.”

    “American’s agree that our nations’ infrastructure is long overdue for critical repairs and improvements,” said Rep. Webster. “As a member of the House Transportation and Infrastructure Committee, I am committed to working on solutions that improve our nation’s infrastructure. This bipartisan bill would leverage private financing to help local governments and municipalities have access to the capital needed for improving critical infrastructure.”

    The bank’s available funding for supporting local projects would come from municipal, state, and union pension funds loaned to the bank, earning interest on the funds and repaying the principal in time for the workers to utilize their retirement savings.

    Since its passage in 2021, the Bipartisan Infrastructure Law has delivered more than $1 billion in funding to projects up and down the Central Coast of California. 

    As a senior member of the House Transportation and Infrastructure Committee, Carbajal played a key role in crafting and passing the landmark legislation in partnership with the Biden Administration.

    ###

    MIL OSI USA News –

  • MIL-OSI: BlockchainCloudMining Launches XRP-Based Cloud Mining Contracts to Broaden Asset Utility

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 10, 2025 (GLOBE NEWSWIRE) — BlockchainCloudMining, a UK-based cryptocurrency cloud mining platform, today announced the launch of XRP-compatible cloud mining contracts, enabling holders of XRP to directly participate in crypto mining activities. This strategic update marks a significant step in broadening the utility of XRP beyond traditional cross-border transfers.

    The new XRP-based contracts are now available globally on BlockchainCloudMining.com and come at a time when institutional interest in alternative mining strategies and blockchain infrastructure diversification is rising.

    XRP is no longer just a transfer tool, but also an asset appreciation tool

    “We’ve seen growing interest from users holding XRP who are looking to diversify their digital asset strategy,” said a company spokesperson. “With this launch, BlockchainCloudMining aims to provide an efficient way for users to engage in mining using XRP, without the need for physical hardware or technical complexity.”

    XRP, originally developed by Ripple Labs for fast and low-cost transactions, has maintained a strong presence in the digital payments space. With the addition of cloud mining compatibility, BlockchainCloudMining addresses the evolving needs of digital asset holders seeking passive participation in blockchain infrastructure.

    BlockchainCloudMining: Start mining machines with XRP and get passive income every day

    The platform now supports a total of nine cryptocurrencies for mining contracts, including BTC, ETH, DOGE, USDT, and XRP. All mining operations are conducted via remote green-energy-powered data centers across multiple regions, emphasizing environmental sustainability and 24/7 uptime.

    The platform contract income data is transparent, and the flexible period meets the needs of multiple types of users. BlockchainCloudMining provides a variety of period contracts, covering novices to advanced users:

    ⦁ [New User Experience Contract]: Investment amount: US$100, contract period 2 days, total income: US$100 + US$6.
    ⦁ [WhatsMiner M66S]: Investment amount: US$500, contract period 7 days, total income: US$500 + US$45.5.
    ⦁ [WhatsMiner M60]: Investment amount: US$1,000, contract period 14 days, total income: US$1,000 + US$196.
    ⦁【Bitcoin Miner S21+】: Investment amount: $3,000, contract period 20 days, total income: $3,000 + $900.
    ⦁【ALPH Miner AL1】: Investment amount: $10,000, contract period 35 days, total income: $10,000 + $5,950.
    ⦁【ANTSPACE HK3】: Investment amount: $33,000, contract period 40 days, total income: $33,000 + $26,400.

    This announcement comes amid wider market discussions around the long-term role of XRP in the crypto economy. BlockchainCloudMining notes that the new feature is designed to give holders of XRP more ways to engage with blockchain infrastructure beyond traditional trading.

    The platform is currently carrying out a global registered user program, where new users will be given a $12 upon registration, which can be used to offset the cost of the first contract. The platform also launched a multi-currency invitation rebate mechanism to support team contract profit sharing, further expanding the possibility of passive income.

    Conclusion: You don’t need to understand technology to start your “mining machine business” with XRP

    For most cryptocurrency holders, the trading market is too volatile and the mining equipment is too complicated. BlockchainCloudMining uses a simple way to allow users to use their XRP to start an “automatic money-making” system in the cloud, without burning their brains or watching the market, and the money will be automatically credited every day.

    Between traditional investment and decentralized finance, such a BlockchainCloudMining platform provides a new middle option – safer, easier to use, and more sustainable.

    To learn more about the XRP cloud mining option and other supported digital assets, visit the official announcement page at www.BlockchainCloudMining.com.

    About BlockchainCloudMining

    BlockchainCloudMining is a global cryptocurrency cloud mining platform headquartered in London. The company provides users with access to a network of energy-efficient mining infrastructure, supporting multiple digital assets across secure and transparent operations. With a commitment to simplicity, compliance, and sustainability, the platform enables a new generation of users to participate in the blockchain ecosystem.

    Media Contact:

    Website: www.BlockchainCloudMining.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

  • MIL-OSI: FHLBank San Francisco Awards $5.1 Million in Grants for Affordable Housing in Nevada

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, July 10, 2025 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced $5.1 million in affordable housing grants awarded to Nevada-based affordable housing developers through its Affordable Housing Program (AHP) Nevada Targeted Fund. The grants are being awarded to five projects in Nevada that will collectively create over 270 units of new affordable housing throughout the state.

    “The shortage of affordable housing is one of the most pressing challenges our country faces, and the need is especially acute in Nevada,” said Joseph E. Amato, interim president and CEO of FHLBank San Francisco. “As one of the nation’s least densely populated states, Nevada is home to a wide range of communities — urban, rural, and tribal — all experiencing significant housing challenges. We’re proud to support five impactful projects across the state that will help address this crisis and expand access to affordable housing.”

    This year marks the third year of the Nevada Targeted Fund, which was developed in collaboration with U.S. Senator Catherine Cortez Masto of Nevada to innovate meaningful solutions to encourage and fund needed affordable housing projects. To address the dire need in Nevada, FHLBank San Francisco launched the Nevada Targeted Fund, the first state-targeted fund in the FHLBank System, to specifically fund affordable housing projects in Nevada. According to the National Low Income Housing Coalition, the supply of affordable and available rental homes in Nevada is 17 for every 100 extremely low-income renter households. Nevada is the state with the most extremely low-income households in the nation, earning between 0% to 30% of area median income who are severely cost burdened, meaning the household spends more than 50% of its income on housing costs, including utilities.

    “I appreciate that the Federal Home Loan Bank of San Francisco continues to support the Nevada Targeted Fund,” said Senator Cortez Masto. “I’m proud of the partnership that we have built with the Bank to address housing needs in the Silver State, and I will continue to seek opportunities for the FHLBank to use its resources to meet more of our housing and community development needs.”

    AHP General Fund and Nevada Targeted Fund grants help finance the development, preservation, or purchase of affordable multifamily and single-family housing for people in need, including the chronically unhoused, families, seniors, veterans, at-risk youth, people living with disabilities and mental health challenges or overcoming substance abuse. Grants are delivered through FHLBank San Francisco member institutions partnering with nonprofits and affordable housing developers to submit applications for grants for specific projects in an annual funding competition.

    The 2025 AHP Nevada Targeted Fund grants will fund the following five new construction projects across Nevada:

    1. Reno: Truckee Meadows Housing Solutions’ Gen Den Intergenerational Housing will create an intergenerational community with 10 new units, in collaboration with FHLBank San Francisco member Clearinghouse CDFI.
    2. North Las Vegas: Foresight Housing Partners’ PuraVida Senior Living will construct 74 new affordable apartment units that prioritize accessibility and ADA compliance for very-low-income seniors, in collaboration with FHLBank San Francisco member Town and Country Bank.
    3. Las Vegas: Nevada H.A.N.D., Inc.’s Southern Pines Apartments will create 48 new units of housing for families and individuals with on-site social services and recreational programs, in collaboration with FHLBank San Francisco member Wells Fargo National Bank West.
    4. Las Vegas: Walter Hoving Home, Inc.’s Las Vegas Expansion project will create a new residential recovery facility for women and families, in collaboration with FHLBank San Francisco member City National Bank.
    5. Las Vegas: Blind Center of Nevada’s Visions Park will provide new critical housing for the blind and visually impaired, in collaboration with FHLBank San Francisco member Western Alliance Bank.

    “At Western Alliance Bank, we are honored to play a role in increasing affordable housing options for people in communities across our national footprint,” said Aidan Tracey, assistant vice president of portfolio management for Western Alliance Bank’s Affordable Housing Investments Group. “Visions Park is an exciting opportunity to create and sustain innovative supportive housing for people who are visually impaired. We are pleased that we could work with the Federal Home Loan Bank of San Francisco and support the Blind Center of Nevada in bringing this project to life to make Las Vegas a better place to live for those with vision loss.”

    In 2025, FHLBank San Francisco awarded nearly $50 million in AHP grants, including funding from its 2025 AHP General Fund for projects in California and Arizona, and from its 2025 Nevada Targeted Fund for projects in Nevada. Since 1990, FHLBank San Francisco has awarded over $1.4 billion in grants for the construction, preservation, or purchase of nearly 155,000 affordable housing units. Collectively, the FHLBanks are one of the largest sources of private sector grants for affordable housing in the country, providing approximately $8.3 billion in grant funding for affordable housing and helping more than one million households purchase or preserve a home since 1990. Providing resources for affordable housing is central to FHLBank San Francisco’s mission, with at least 10% of the Bank’s net income from the prior year committed to fund affordable housing and related community investment programs.

    Where AHP projects are developed, local economies also get a boost, as these projects create jobs, increase construction and consumer spending, and generate new tax revenues. Learn more about the communities, families, and individuals that have benefited from access to AHP-funded housing on the Bank’s website.

    About the Federal Home Loan Bank of San Francisco
    The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions — commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions —propel homeownership, finance quality affordable housing, drive economic vitality, and revitalize whole neighborhoods. Together with our members and other partners, we are making the communities we serve more vibrant and resilient.

    Contact:

    Tom Flannigan
    Tom.Flannigan@fhlbsf.com
    415.616.2695

    The MIL Network –

  • MIL-OSI: FHLBank San Francisco Awards $5.1 Million in Grants for Affordable Housing in Nevada

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, July 10, 2025 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced $5.1 million in affordable housing grants awarded to Nevada-based affordable housing developers through its Affordable Housing Program (AHP) Nevada Targeted Fund. The grants are being awarded to five projects in Nevada that will collectively create over 270 units of new affordable housing throughout the state.

    “The shortage of affordable housing is one of the most pressing challenges our country faces, and the need is especially acute in Nevada,” said Joseph E. Amato, interim president and CEO of FHLBank San Francisco. “As one of the nation’s least densely populated states, Nevada is home to a wide range of communities — urban, rural, and tribal — all experiencing significant housing challenges. We’re proud to support five impactful projects across the state that will help address this crisis and expand access to affordable housing.”

    This year marks the third year of the Nevada Targeted Fund, which was developed in collaboration with U.S. Senator Catherine Cortez Masto of Nevada to innovate meaningful solutions to encourage and fund needed affordable housing projects. To address the dire need in Nevada, FHLBank San Francisco launched the Nevada Targeted Fund, the first state-targeted fund in the FHLBank System, to specifically fund affordable housing projects in Nevada. According to the National Low Income Housing Coalition, the supply of affordable and available rental homes in Nevada is 17 for every 100 extremely low-income renter households. Nevada is the state with the most extremely low-income households in the nation, earning between 0% to 30% of area median income who are severely cost burdened, meaning the household spends more than 50% of its income on housing costs, including utilities.

    “I appreciate that the Federal Home Loan Bank of San Francisco continues to support the Nevada Targeted Fund,” said Senator Cortez Masto. “I’m proud of the partnership that we have built with the Bank to address housing needs in the Silver State, and I will continue to seek opportunities for the FHLBank to use its resources to meet more of our housing and community development needs.”

    AHP General Fund and Nevada Targeted Fund grants help finance the development, preservation, or purchase of affordable multifamily and single-family housing for people in need, including the chronically unhoused, families, seniors, veterans, at-risk youth, people living with disabilities and mental health challenges or overcoming substance abuse. Grants are delivered through FHLBank San Francisco member institutions partnering with nonprofits and affordable housing developers to submit applications for grants for specific projects in an annual funding competition.

    The 2025 AHP Nevada Targeted Fund grants will fund the following five new construction projects across Nevada:

    1. Reno: Truckee Meadows Housing Solutions’ Gen Den Intergenerational Housing will create an intergenerational community with 10 new units, in collaboration with FHLBank San Francisco member Clearinghouse CDFI.
    2. North Las Vegas: Foresight Housing Partners’ PuraVida Senior Living will construct 74 new affordable apartment units that prioritize accessibility and ADA compliance for very-low-income seniors, in collaboration with FHLBank San Francisco member Town and Country Bank.
    3. Las Vegas: Nevada H.A.N.D., Inc.’s Southern Pines Apartments will create 48 new units of housing for families and individuals with on-site social services and recreational programs, in collaboration with FHLBank San Francisco member Wells Fargo National Bank West.
    4. Las Vegas: Walter Hoving Home, Inc.’s Las Vegas Expansion project will create a new residential recovery facility for women and families, in collaboration with FHLBank San Francisco member City National Bank.
    5. Las Vegas: Blind Center of Nevada’s Visions Park will provide new critical housing for the blind and visually impaired, in collaboration with FHLBank San Francisco member Western Alliance Bank.

    “At Western Alliance Bank, we are honored to play a role in increasing affordable housing options for people in communities across our national footprint,” said Aidan Tracey, assistant vice president of portfolio management for Western Alliance Bank’s Affordable Housing Investments Group. “Visions Park is an exciting opportunity to create and sustain innovative supportive housing for people who are visually impaired. We are pleased that we could work with the Federal Home Loan Bank of San Francisco and support the Blind Center of Nevada in bringing this project to life to make Las Vegas a better place to live for those with vision loss.”

    In 2025, FHLBank San Francisco awarded nearly $50 million in AHP grants, including funding from its 2025 AHP General Fund for projects in California and Arizona, and from its 2025 Nevada Targeted Fund for projects in Nevada. Since 1990, FHLBank San Francisco has awarded over $1.4 billion in grants for the construction, preservation, or purchase of nearly 155,000 affordable housing units. Collectively, the FHLBanks are one of the largest sources of private sector grants for affordable housing in the country, providing approximately $8.3 billion in grant funding for affordable housing and helping more than one million households purchase or preserve a home since 1990. Providing resources for affordable housing is central to FHLBank San Francisco’s mission, with at least 10% of the Bank’s net income from the prior year committed to fund affordable housing and related community investment programs.

    Where AHP projects are developed, local economies also get a boost, as these projects create jobs, increase construction and consumer spending, and generate new tax revenues. Learn more about the communities, families, and individuals that have benefited from access to AHP-funded housing on the Bank’s website.

    About the Federal Home Loan Bank of San Francisco
    The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions — commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions —propel homeownership, finance quality affordable housing, drive economic vitality, and revitalize whole neighborhoods. Together with our members and other partners, we are making the communities we serve more vibrant and resilient.

    Contact:

    Tom Flannigan
    Tom.Flannigan@fhlbsf.com
    415.616.2695

    The MIL Network –

  • MIL-OSI USA: July 10th, 2025 N.M. Delegation Welcomes Over $4.3 Million to Improve New Mexico’s Airports

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich

    WASHINGTON — U.S. Senators Martin Heinrich (D-N.M.) and Ben Ray Luján (D-N.M.), and U.S. Representatives Teresa Leger Fernández (D-N.M.), Melanie Stansbury (D-N.M.), and Gabe Vasquez (D-N.M.) are welcoming $4,384,758 from the Federal Aviation Administration (FAA) for upgrades at the Albuquerque International Sunport, Artesia Municipal Airport, and Socorro Municipal Airport.

    These grants are funded through the FAA’s Airport Improvement Program, which provides grants for the planning and development of public-use airports.

    “When we invest in New Mexico’s airports, we invest in the people who rely on these facilities to do business in our state, create jobs, and contribute to our economy,” said Heinrich, a member of the Senate Appropriations Committee. “I am proud to welcome over $4.3 million to make improvements at the Albuquerque International Sunport and the Artesia and Socorro Municipal Airports. I will keep fighting to bring investments home to modernize our airports, improve travelers’ experiences, and drive our state’s economic growth for the future.”

    “Airports across New Mexico are critical hubs for transportation and local economies,” said Luján. “I’m proud to welcome over $4 million in federal funding for airports in Albuquerque, Artesia, and Socorro. These investments will improve safety, support local jobs, and help our airports better serve New Mexicans and visitors alike.”

    “Investing in our infrastructure keeps our communities connected and creates a foundation for prosperity in rural New Mexico. This $4,384,758 in federal funding will bring much-needed investments to not only New Mexico’s largest airport, but also our rural airports. Maintaining runways and infrastructure is the quiet work that is essential to keep our planes and passengers safe.” said Leger Fernández. “Connecting New Mexico diversifies our economy and creates local jobs across the state.”

    “Our airports are vital lifelines for trade, tourism, and connecting our communities to family and friends outside of New Mexico,” said Stansbury. “This $4.3 million for infrastructure updates for three airports across the state, including NM-01’s very own Sunport, will ensure they stay safe and efficient hubs for New Mexicans and visitors.”

    “From the Sunport to Socorro and Artesia, these airport upgrades will improve accessibility and connectivity for New Mexicans,” said Vasquez. “Safer roads, modernized runways, and new equipment mean better service for travelers and stronger support for local industries like agriculture, energy, and tourism. We’re making sure New Mexico isn’t left behind when it comes to infrastructure that keeps people and goods moving.”

    The breakdown of the FAA funding for New Mexico is below:

    FAA Funding for New Mexico

    Airport

    Project Description

    Grant Amount

    Albuquerque International Sunport

    This project rehabilitates 10,500 feet of existing terminal access road to extend its useful life.

    $3,656,508

    Artesia Municipal Airport

    This grant funds phase 1, which consists of design. This project rehabilitates 6,800 feet of existing paved Runway 4/22 to maintain the structural integrity and minimize foreign object debris to extend its useful life.

    $128,250

    Socorro Municipal Airport

    This grant funds a portion of the final phase, which consists of construction. This project constructs a new 2,700 square foot snow removal equipment building to bring the airport into conformity with current standards.

    $600,000

    MIL OSI USA News –

  • MIL-OSI Canada: Major milestone for Indigenous-led innovation

    The Aboriginal Business Investment Fund (ABIF) helps Indigenous community-owned businesses thrive by supporting the purchase or upgrade of the equipment and infrastructure needed to create more jobs and continue contributing to sustainable, thriving communities.

    Alexander Chemical received a $400,000 ABIF grant in 2024, which helped turn its vision for growth into reality. With support from ABIF, this cutting-edge business is increasing its capacity to produce high-quality diesel exhaust fluid, which reduces harmful nitrogen oxide emissions in diesel engines. This expansion marks a major milestone in Indigenous-led clean technology and economic development.

    “This investment is what economic reconciliation looks like. Alexander Chemical is creating jobs and new revenue streams for the community of Alexander First Nation while leading the way in clean technology. It shows what’s possible when Indigenous communities have access to capital, partnerships and opportunity.”

    Rajan Sawhney, Minister of Indigenous Relations

    “On behalf of Alexander First Nation leadership and membership, we are beyond proud of Alexander Chemical and the expansion of its facilities. We would also like to thank Alberta’s government for its contributions through ABIF to help support this major milestone. This venture will be a vital part of the success of all parties involved, Alexander Chemical, Alexander Business Centre LP and Alexander First Nation. The economic impact this will have for our Nation is immeasurable and will be felt for generations to come. Mother Earth provides us many things we rely on daily, and we are grateful to Alexander Chemical for its commitment to finding solutions to protect the environment. Hiy Hiy.”

    George Arcand Jr, Chief, Alexander First Nation

    Alexander Chemical’s advanced equipment, capacity and expertise in high-end chemical testing and production are unique among Indigenous-owned businesses in Canada. In addition to diesel exhaust fluid, Alexander Chemical produces a wide range of environmentally friendly and sustainable cleaning, disinfecting and life science products, serving clients across multiple industries.

    Since 2014, ABIF has supported more than 100 Indigenous businesses, helping create nearly 1,000 jobs for Indigenous people in Alberta. Alberta’s government doubled ABIF funding in recent years, with $10 million available annually. Grants of up to $750,000 are available and applications are open until Oct. 15, 2025.

    With a suite of programs and initiatives focused on economic development, ABIF offers more options than ever before for Indigenous communities, businesses and organizations to find support as they develop and grow.

    Quick facts

    • Alexander First Nation is located about 60 km northwest of Edmonton.
    • Alexander Business Corporation is the Nation’s economic development branch, which owns and operates several companies across Alberta and in the community of Alexander First Nation.

    Related information

    • Aboriginal Business Investment Fund
    • Alexander Chemical

    Related news

    • Supporting Indigenous business development (Mar 21, 2025)

    MIL OSI Canada News –

  • MIL-OSI: Oak Valley Community Bank Receives Approval on Over $5.3 Million in Grants Submitted to Support Modesto Gospel Mission and Tuolumne Economic Development Authority

    Source: GlobeNewswire (MIL-OSI)

    OAKDALE, Calif., July 10, 2025 (GLOBE NEWSWIRE) — Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced they have received approval on three 2025 Affordable Housing Program (AHP) grants which were submitted to the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) on behalf of Modesto Gospel Mission for a total of $3.75 million and Tuolumne Economic Development Authority (TEDA) for $1.596 million.

    These projects will bring meaningful and lasting impact to communities in Stanislaus and Tuolumne counties by expanding access to stable, supportive housing for vulnerable populations. Grace Place, sponsored by Modesto Gospel Mission, will renovate an existing shelter facility in Modesto to provide 67 transitional housing units, paired with essential wraparound services such as onsite case management, life skills training, job coaching, and recovery support. Hannah’s House, also by Modesto Gospel Mission, will convert a warehouse into 50 units of transitional housing, with residents gaining access to the Mission’s proven programs focused on personal empowerment and long-term independence.

    In Tuolumne County, the Westside Subdivision, sponsored by the Tuolumne Economic Development Authority (TEDA), will deliver 30 new single-family homes to serve very low- to moderate-income households, including six homes reserved for those experiencing homelessness. The development will also feature an 1,800-square-foot community center offering resident services such as job training and educational programs, along with recreational amenities like a basketball court and playground.

    As a sponsor of FHLBank San Francisco’s Community Investment Programs and advocate for the services Modesto Gospel Mission and Tuolumne Economic Development Authority provide to our community, Oak Valley Community Bank authored and provided supplemental input for this grant. “At Oak Valley Community Bank, we believe real change starts at the community level,” said Jose Sabala, VP Community Reinvestment Officer. “These grants are the result of strong partnerships with organizations rooted in compassion and service. Together with Modesto Gospel Mission and TEDA, we are investing in safe housing, supportive services, and brighter futures for our neighbors. This is what community banking is all about — showing up, working together, and making a lasting difference where it’s critically needed.”

    “We continue to make meaningful investments to address the affordable housing crisis across Arizona, California, and Nevada,” said Joseph E. Amato, interim president and CEO of FHLBank San Francisco. “This funding, delivered in partnership with our local member financial institutions, supports housing affordability solutions in urban centers, rural areas, tribal lands, and communities in need. We are helping to expand the housing supply and deliver critical support services to individuals and families who need it most.”

    Affordable Housing Program (AHP) grants from FHLBank San Francisco support the development of housing solutions for low- and moderate-income individuals across Arizona, California, Nevada, and other areas served by member financial institutions like Oak Valley Community Bank. In 2025, a total of $49.7 million in AHP grants were awarded to 31 affordable housing projects in Arizona, California, and Nevada, selected through a competitive application process. Grants are awarded to member institutions in partnership with qualified housing developers and community organizations to advance initiatives that address urgent housing needs. The AHP includes both a General Fund and a Nevada Targeted Fund, with awards granted to top-ranking proposals based on financial feasibility, project readiness, and impact on affordability. All AHP-supported projects are required to meet rigorous income eligibility and long-term retention standards, ensuring lasting access to affordable rental and owner-occupied housing. More information, including application guidelines and award criteria, is available on the FHLBank San Francisco website.

    About Modesto Gospel Mission:

    Modesto Gospel Mission is a 501(c)(3) non-profit organization serving individuals and families experiencing homelessness and hardship throughout Stanislaus County. Since its founding in 1948, the Mission has delivered a comprehensive range of programs designed to support physical, emotional, and personal recovery. Key services include daily access to shelter, meals, showers, and clothing, as well as addiction recovery programs, life skill classes, employment assistance and training, a day program, a medical clinic, and an after-school youth center. These programs are intended to provide both immediate relief and long-term pathways to self-sufficiency. For more information, call (209) 529-8259 or visit www.mymission.org.

    About Tuolumne Economic Development Authority (TEDA):

    The Tuolumne Economic Development Authority, Inc. (TEDA) is a federally chartered tribal corporation established under Section 17 of the Indian Recognition Act of 1934. TEDA operates as a component unit of the Tuolumne Band of Me-Wuk Indians and is governed by the Tuolumne Me-Wuk Tribal Community Council. Created to advance the Tribe’s long-term economic vision, TEDA is responsible for financing, developing, constructing, operating, and maintaining economic development projects that support sustainable growth and economic self-sufficiency for the Tribal community. TEDA plays a central role in managing and expanding enterprise initiatives that strengthen the Tribe’s overall economic infrastructure. For more information, call (209) 928-9391 or visit tedainc.com.

    About Oak Valley Community Bank:

    Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 18 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop. The company will open its 19th branch location later this year in Lodi. For more information, call 1-866-844-7500 or visit www.ovcb.com.

    About the Federal Home Loan Bank of San Francisco:

    The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources provided to FHLB member financial institutions propel homeownership, finance quality affordable housing, boost economic vitality, and revitalize whole neighborhoods. FHLBank San Francisco, together with its members and other partners, are making the communities they serve more vibrant and resilient and changing lives for the better.

    Contact: Chris Courtney/Rick McCarty
    Phone: (209) 848-BANK (2265)
      Toll Free (866) 844–7500
      www.ovcb.com

    The MIL Network –

  • MIL-OSI USA: N.M. Delegation Welcomes Over $4.3 Million to Improve New Mexico’s Airports

    US Senate News:

    Source: US Senator for New Mexico Ben Ray Luján

    WASHINGTON — U.S. Senators Martin Heinrich (D-N.M.) and Ben Ray Luján (D-N.M.), and U.S. Representatives Teresa Leger Fernández (D-N.M.), Melanie Stansbury (D-N.M.), and Gabe Vasquez (D-N.M.) are welcoming $4,384,758 from the Federal Aviation Administration (FAA) for upgrades at the Albuquerque International Sunport, Artesia Municipal Airport, and Socorro Municipal Airport.

    These grants are funded through the FAA’s Airport Improvement Program, which provides grants for the planning and development of public-use airports.

    “When we invest in New Mexico’s airports, we invest in the people who rely on these facilities to do business in our state, create jobs, and contribute to our economy,” said Heinrich, a member of the Senate Appropriations Committee. “I am proud to welcome over $4.3 million to make improvements at the Albuquerque International Sunport and the Artesia and Socorro Municipal Airports. I will keep fighting to bring investments home to modernize our airports, improve travelers’ experiences, and drive our state’s economic growth for the future.”

    “Airports across New Mexico are critical hubs for transportation and local economies,” said Luján. “I’m proud to welcome over $4 million in federal funding for airports in Albuquerque, Artesia, and Socorro. These investments will improve safety, support local jobs, and help our airports better serve New Mexicans and visitors alike.”

    “Investing in our infrastructure keeps our communities connected and creates a foundation for prosperity in rural New Mexico. This $4,384,758 in federal funding will bring much-needed investments to not only New Mexico’s largest airport, but also our rural airports. Maintaining runways and infrastructure is the quiet work that is essential to keep our planes and passengers safe.” said Leger Fernández. “Connecting New Mexico diversifies our economy and creates local jobs across the state.”

    “Our airports are vital lifelines for trade, tourism, and connecting our communities to family and friends outside of New Mexico,” said Stansbury. “This $4.3 million for infrastructure updates for three airports across the state, including NM-01’s very own Sunport, will ensure they stay safe and efficient hubs for New Mexicans and visitors.”

    “From the Sunport to Socorro and Artesia, these airport upgrades will improve accessibility and connectivity for New Mexicans,” said Vasquez. “Safer roads, modernized runways, and new equipment mean better service for travelers and stronger support for local industries like agriculture, energy, and tourism. We’re making sure New Mexico isn’t left behind when it comes to infrastructure that keeps people and goods moving.”

    The breakdown of the FAA funding for New Mexico is below:

    FAA Funding for New Mexico

    Airport Project Description Grant Amount
    Albuquerque International Sunport This project rehabilitates 10,500 feet of existing terminal access road to extend its useful life. $3,656,508
    Artesia Municipal Airport This grant funds phase 1, which consists of design. This project rehabilitates 6,800 feet of existing paved Runway 4/22 to maintain the structural integrity and minimize foreign object debris to extend its useful life. $128,250
    Socorro Municipal Airport This grant funds a portion of the final phase, which consists of construction. This project constructs a new 2,700 square foot snow removal equipment building to bring the airport into conformity with current standards. $600,000

    MIL OSI USA News –

  • MIL-OSI Security: Jury Convicts Tallahassee Man of Attempting to Entice a Minor to Engage in Sexual Activity

    Source: US FBI

    TALLAHASSEE, FLORIDA – Jelani Amari Petersen, 28, of Tallahassee, Florida, was found guilty by a federal jury yesterday of attempting to entice a minor to engage in unlawful sexual activity. The verdict was announced by John P. Heekin, United States Attorney for the Northern District of Florida.

    U.S. Attorney Heekin said: “I am proud of the great work by my office and our state and federal law enforcement partners to take this sex offender off our streets. This case exemplifies the mission set forth by President Donald J. Trump and Attorney General Pamela Bondi: protect America’s children against predators like this defendant. My office will continue to aggressively prosecute such offenses to keep our most vulnerable members of the community safe from the predations of these sick individuals.”

    Trial testimony demonstrated that in September 2024, federal, state, and local law enforcement executed Operation Lifeguard, an undercover operation designed to apprehend individuals who use the Internet to sexually exploit children online. During the operation, Petersen communicated with an undercover officer who he believed to be a minor female, and expressed interest in engaging in sexual activity with the child in exchange for money. When Petersen arrived at a pre-arranged meeting location, law enforcement arrested him and searched his car. A subsequent search of his cellular phone, confirmed his communication with the undercover officers.

    Petersen faces a minimum mandatory sentence of 10 years in federal prison and a maximum of life imprisonment, followed by a term of five years to life of supervised release. He will also be required to register as a sex offender.

    The case involved a joint investigation by the Leon County Sheriff’s Office, the Federal Bureau of Investigation, and the U.S. Department of Homeland Security’s Homeland Security Investigations. The case is being prosecuted by Assistant United States Attorneys Justin M. Keen and Meredith Steer.

    Sentencing is scheduled for October 3, 2025, at 11:00 am at the United States Courthouse in Tallahassee before Chief United States District Judge Allen C. Winsor.

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse. Launched in May 2006 by the Department of Justice and led by the U.S. Attorney’s Offices and the Criminal Divisions Child Exploitation and Obscenity Section (CEOS), it marshals federal, state, and local resources to better locate, apprehend, and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit www.projectsafechildhood.gov.

    The United States Attorney’s Office for the Northern District of Florida is one of 94 offices that serve as the nation’s principal litigators under the direction of the Attorney General. To access public court documents online, please visit the U.S. District Court for the Northern District of Florida website. For more information about the United States Attorney’s Office for the Northern District of Florida, visit http://www.justice.gov/usao/fln/index.html.

    MIL Security OSI –