Category: KB

MIL-OSI: Lendmark Financial Services Unveils its Strategic Growth Plan for Florida

Source: GlobeNewswire (MIL-OSI)

LAWRENCEVILLE, Ga., June 05, 2025 (GLOBE NEWSWIRE) — Lendmark Financial Services (Lendmark), a leading provider of personalized loan solutions, today announced plans to expand its retail branch footprint across North and Central Florida. Beginning with the debut of its Ocala branch last week, the company plans to add more than 10 branch locations in or around Gainesville, Jacksonville, Orlando, Tallahassee, and Tampa. In tandem, the lender will also expand its other financing solutions, providing loans for customers of small, independent automobile dealerships and retail businesses.

Celebrating 29 years in business this August, Lendmark has opened more than 200 branches in the past five years alone, resulting from strategically intentional growth coast-to-coast. The company continues to expand into new regions, most recently Wisconsin, with a branch portfolio of more than 520 locations across 22 states.

Lendmark plans to add approximately 25 more branches to its overall portfolio in 2025. Though data-driven site selection, disciplined execution and planful acquisitions are contributing factors, the company’s growth strategy truly begins with putting people first.

“We’re ready to rise and shine – like only Lendmark can – as we bring our first-rate service excellence to communities across the Sunshine State to meet the financial needs of more Floridians,” said Bret Hyler, President and Chief Operating Officer of Lendmark. “We believe the Lendmark experience is underpinned by the level of empathy and trust our loan consultants build with customers in each branch, growing into genuine relationships that, in many cases, last beyond the life of the loan.”

With two existing branches in the Brandon and Orlando markets, Lendmark is primed to welcome thousands of Florida customers to its planned branch openings over the next three-to-five years, starting with Ocala and then its St. Augustine location later this summer.

Better Together: Florida Growth Driven by Relationship-based Approach

Lendmark’s approach to lending begins with the fundamental premise that lending solutions should be in the best interest of the customer and the lender. This helps drive a satisfactory loan experience and positive customer outcome. The company remains laser-focused on creating a differentiated customer experience that fosters deep relationships with individual customers, business partners, and the local community at large.

“What sets Lendmark apart is the way that we connect with and care for each customer who walks through our doors. This is a business where our local branch, retail and auto sales teams know you by name and greet you with a warm ‘hello’ at every interaction,” continued Hyler. “We take time to meet the communities we’ll be serving before we move in, and we’re excited to support new customers across Florida, including small businesses and individuals.”

Lendmark loans are used to purchase local goods and services, such as car and home repairs, personal care, debt consolidation, household goods, and more. With every loan solution offered, the company ensures that its customers have simple and affordable fixed terms, and a payment that works within their household budget.

As part of the loan experience, the company also offers a curated selection of credit and insurance ancillary products to customers. These optional products, such as Involuntary Unemployment Insurance (IUI), are intended to help cover unplanned life events, like the unexpected loss of a job, that could occur during the life of the loan. These consumer-driven choices help protect the borrower’s credit profile so that the loan associated with their unplanned life event does not negatively impact their credit history.

Lendmark Serves: Doing Good by Giving Back

Giving back to the people and places Lendmark serves is at its core. Each year, employees around the country support dozens of causes in the communities where they live and work, participating in local volunteer activities and championing Lendmark’s signature philanthropic initiative,‘Climb to Cure,’ which kicked off in 2015.

The company will raise over $10 million by August 31, 2025 to mark its 10-year anniversary partnering with CURE Childhood Cancer, an Atlanta-based nonprofit dedicated to funding lifesaving pediatric cancer research that is utilized nationwide.

So far, Lendmark’s employees, partners and customers have rallied together to raise $8.83 million, all of which directly supports CURE in its fight to conquer childhood cancer while caring for recently diagnosed patients and their families.

About Lendmark Financial Services

Lendmark Financial Services (Lendmark) provides personal and household credit and loan solutions for consumers. Founded in 1996, Lendmark strives to be the lender, employer, and partner of choice by helping consumers meet both planned and unplanned life events through affordable loan offerings.

Lendmark currently operates more than 520 branches in 22 states across the country, providing personalized services to customers and retail business partners with every transaction. Lendmark is headquartered in Lawrenceville, Ga.

For more information, visit www.lendmarkfinancial.com.

Media Contacts
Lisa Burby Vice President, Corporate Communications lburby@lendmarkfinancial.com 678-913-1720	Jeff Hamilton Senior Manager, Corporate Communications jhamilton@lendmarkfinancial.com 678-625-3128

The MIL Network –

June 6, 2025

MIL-OSI: Eureka Acquisition Corp Announces the Redemption Request Deadline as June 17, 2025 for the Upcoming Extraordinary General Meeting to be Held on June 20, 2025

Source: GlobeNewswire (MIL-OSI)

New York, June 05, 2025 (GLOBE NEWSWIRE) — Eureka Acquisition Corp (the “Company”) (Nasdaq: EURK), a blank check company, today announced that June 17, 2025 is the deadline for delivery of redemption request from the Company’s shareholders for its upcoming extraordinary general meeting in lieu of an annual general meeting of shareholders (the “Extraordinary General Meeting”)

The Extraordinary General Meeting is scheduled to be held on June 20, 2025. Since June 19, 2025 is a federal holiday, June 17, 2025, two business days before the date of the Extraordinary General Meeting, is the deadline for delivery of redemption requests from the Company’s shareholders.

There is no change to the location, the record date, or any of the other proposals to be acted upon at the Extraordinary General Meeting.

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

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

The Company’s shareholders who have questions regarding the Extraordinary General 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.

About Eureka Acquisition Corp

Eureka Acquisition Corp is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, incorporated for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as “believes,” “expects,” “intends,” “plans,” “estimates,” “assumes,” “may,” “should,” “will,” “seeks,” or other similar expressions. Such statements may include, but are not limited to, statements regarding the date of the Extraordinary General Meeting and the redemption request deadline. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.

Additional Information and Where to Find It

On June 3, 2025, the Company filed a definitive proxy statement with the Securities and Exchange Commission (the “SEC”) in connection with its solicitation of proxies for the Extraordinary General Meeting. The Company will amend and supplement the definitive proxy statement to provide information about the redemption request deadline. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE DEFINITIVE 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 Extraordinary General 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 Information:
Fen Zhang
Chairman and Chief Executive Officer
Email: eric.zhang@hercules.global
Tel: +86 135 0189 0555

The MIL Network –

June 6, 2025

MIL-OSI: Concrete Pumping Holdings Reports Second Quarter Fiscal Year 2025 Results

Source: GlobeNewswire (MIL-OSI)

DENVER, June 05, 2025 (GLOBE NEWSWIRE) — Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (the “Company” or “CPH”), a leading provider of concrete pumping and waste management services in the U.S. and U.K., reported financial results for the second quarter ended April 30, 2025.

Second Quarter Fiscal Year 2025 Summary vs. Second Quarter of Fiscal Year 2024 (where applicable)

Revenue of $94.0 million compared to $107.1 million.
Gross profit of $36.2 million compared to $41.8 million.
Income from operations of $8.3 million compared to $12.1 million.
Net loss of $0.0 million compared to net income of $3.0 million.
Net loss attributable to common shareholders was $0.4 million, or $(0.01) per diluted share, compared to net income of $2.6 million, or $0.05 per diluted share.
Adjusted EBITDA¹ of $22.5 million compared to $27.5 million, with Adjusted EBITDA margin¹ of 23.9% compared to 25.7%
Amounts outstanding under debt agreements were $425.0 million with net debt¹ of $387.2 million. Total available liquidity at quarter end was $352.5 million compared to $216.9 million one year ago.
Leverage ratio¹ at quarter end of 3.7x.

Management Commentary

“In the second quarter, we continued to navigate a challenging construction environment, marked by persistent macroeconomic headwinds and regional weather disruptions,” said CPH CEO Bruce Young. “Despite these pressures, we delivered solid results by remaining focused on cost discipline, fleet optimization, and strategic pricing across our businesses.”

“Our U.S. Concrete Waste Management segment once again delivered strong growth, highlighting both the appeal of our unique offering and the rising demand for sustainable jobsite solutions. Although our U.S. Concrete Pumping segment remains affected by weakness in commercial construction and, more recently, by emerging challenges in residential construction, the infrastructure market has remained resilient, helping to partially offset broader market pressures and support the segment’s performance.”

“We remain committed to generating strong free cash flow, deleveraging the balance sheet, and pursuing disciplined, strategic M&A that complements our core capabilities and geographic footprint. These priorities position us well for long-term value creation. While the near-term demand backdrop remains challenged, we are confident that our leadership position, operational discipline, and breadth of service offerings will allow us to capitalize on the eventual recovery in commercial construction activities.”

______________
¹ Adjusted EBITDA, Adjusted EBITDA margin, net debt and leverage ratio are financial measures that are not calculated in accordance with accounting principles generally accepted in the United States of America (“GAAP”). See “Non-GAAP Financial Measures” below for a discussion of the non-GAAP financial measures used in this release and a reconciliation to their most comparable GAAP measures.

Second Quarter Fiscal Year 2025 Financial Results

Revenue in the second quarter of fiscal year 2025 was $94.0 million compared to $107.1 million in the second quarter of fiscal year 2024. The decrease was primarily attributable to a continued slowdown from deferrals in commercial construction work and emerging challenges in residential work, mostly due to high interest rates, uncertainty around extensions of U.S. tax policy and adverse weather events in the months of February and April. Further, while the Company has not been directly impacted by tariffs, the added uncertainty surrounding tariffs has contributed to the deferral of certain commercial construction projects.

Gross profit in the second quarter of fiscal year 2025 was $36.2 million compared to $41.8 million in the prior year quarter. Gross margin declined 50 basis points to 38.5% compared to 39.0% in the prior year quarter.

General and administrative expenses (“G&A”) in the second quarter declined 6% to $27.9 million compared to $29.7 million in the prior year quarter primarily due to lower labor costs of approximately $1.3 million and non-cash decreases in amortization expense of $0.8 million. As a percentage of revenue, G&A costs were 29.7% in the second quarter compared to 27.7% in the prior year quarter.

Net loss in the second quarter of fiscal year 2025 was $0.0 million compared to net income of $3.0 million in the prior year quarter. Net loss attributable to common shareholders in the second quarter of fiscal year 2025 was $0.4 million, or $(0.01) per diluted share, compared to net income of $2.6 million, or $0.05 per diluted share, in the prior year quarter.

Adjusted EBITDA in the second quarter of fiscal year 2025 was $22.5 million compared to $27.5 million in the prior year quarter. Adjusted EBITDA margin was 23.9% compared to 25.7% in the prior year quarter.

Liquidity

On April 30, 2025, the Company had debt outstanding of $425.0 million, net debt of $387.2 million and total available liquidity of $352.5 million.

Segment Results

U.S. Concrete Pumping. Revenue in the second quarter of fiscal year 2025 was $62.1 million compared to $74.6 million in the prior year quarter. The decline was driven by a continued slowdown from deferrals in commercial construction work and emerging challenges in residential work, mostly due to high interest rates, uncertainty around extensions of U.S. tax policy and adverse weather events in the months of February and April. Further, while the Company has not been directly impacted by tariffs, the added uncertainty surrounding tariffs has contributed to the deferral of certain commercial construction projects. Net loss in the second quarter of fiscal year 2025 was $1.6 million compared to net income of $0.9 million in the prior year quarter. Adjusted EBITDA was $12.7 million in the second quarter of fiscal year 2025 compared to $17.5 million in the prior year quarter. These decreases were largely driven by the decrease in revenue, as discussed above.

U.S. Concrete Waste Management Services. Revenue in the second quarter of fiscal year 2025 increased 7% to $18.1 million compared to $16.9 million in the prior year quarter. The increase was driven by organic growth and pricing improvements. Net income in the second quarter of fiscal year 2025 was $1.2 million compared to net income of $1.1 million in the prior year quarter. Adjusted EBITDA in the second quarter of fiscal year 2025 increased 12% to $6.7 million compared to $5.9 million in the prior year quarter. Increases in both net income and adjusted EBITDA are mostly due to higher revenue and disciplined cost control.

U.K. Operations. Revenue in the second quarter of fiscal year 2025 was $13.8 million compared to $15.5 million in the prior year quarter. Excluding the impact from foreign currency translation, revenue was down 13% year-over-year, due to lower volumes caused by a general slowdown in commercial construction work. Net income in the second quarter of fiscal year 2025 was $0.4 million compared to $1.0 million in the prior year quarter. Adjusted EBITDA was $3.2 million in the second quarter of fiscal year 2025 compared to $4.1 million in the prior year quarter. Excluding the impact from foreign currency translation, net income and adjusted EBITDA changes were primarily related to the decrease in revenue.

Fiscal Year 2025 Outlook

The Company now expects fiscal year 2025 revenue to range between $380.0 million to $390.0 million, Adjusted EBITDA to range between $95.0 million to $100.0 million, and free cash flow² to be approximately $45.0 million. These expectations assume the construction market will not start to meaningfully recover until fiscal year 2026 and that the Company continues to strengthen its organizational infrastructure and invest in its fleet to position the business for growth in fiscal 2026.

________________
² Free cash flow is defined as Adjusted EBITDA less net maintenance capital expenditures and cash paid for interest.

Share Repurchase Program

In June 2025, the board of directors of the Company approved a $15.0 million increase to the Company’s share repurchase program. Including this increase, there have been a total of $50.0 million in authorizations since the inception of the share repurchase program in June 2022. All authorizations are set to expire on December 31, 2026.

During the six months ended April 30, 2025, the Company repurchased 1,311,386 shares for a total of $7.8 million at an average share price of $5.97 per share. Including the new $15.0 million share repurchase authorization approved in June 2025, a total of $24.2 million would have been available for purchase under the Company’s repurchase program as of April 30, 2025.

“Today’s additional $15.0 million share repurchase authorization reflects our commitment to driving shareholder value,” said Bruce Young. “Our disciplined approach to capital allocation, strong free cash flow and consistent operational execution have allowed us to support the growth of our businesses while delivering expected shareholder returns and creating long-term value.”

Conference Call

The Company will hold a conference call on Thursday, June 5, 2025, at 5:00 p.m. Eastern time to discuss its second quarter 2025 results.

Date: Thursday, June 5, 2025
Time: 5:00 p.m. Eastern Time (3:00 p.m. Mountain Time)
Toll-free dial-in number: 1-877-407-9039
International dial-in number: 1-201-689-8470
Conference ID: 13752905

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group, Inc. at 1-949-574-3860.

The conference call will be broadcast live and is available for replay here (https://viavid.webcasts.com/starthere.jsp?ei=1714111&tp_key=af0b6ebb93) as well as the investor relations section of the Company’s website at www.concretepumpingholdings.com.

A replay of the conference call will be available after 8:00 p.m. Eastern Time on the same day through June 12, 2025.

Toll-free replay number: 1-844-512-2921
International replay number: 1-412-317-6671
Replay ID: 13752905

About Concrete Pumping Holdings

Concrete Pumping Holdings is the leading provider of concrete pumping services and concrete waste management services in the fragmented U.S. and U.K. markets, primarily operating under what we believe are the only established, national brands in both geographies – Brundage-Bone for concrete pumping in the U.S., Camfaud in the U.K., and Eco-Pan for waste management services in both the U.S. and U.K. The Company’s large fleet of specialized pumping equipment and trained operators position it to deliver concrete placement solutions that facilitate labor cost savings to customers, shorten concrete placement times, enhance worksite safety and improve construction quality. Highly complementary to its core concrete pumping service, Eco-Pan seeks to provide a full-service, cost-effective, regulatory-compliant solution to manage environmental issues caused by concrete washout. As of April 30, 2025, the Company provided concrete pumping services in the U.S. from a footprint of approximately 90 branch locations across 22 states, concrete pumping services in the U.K. from approximately 35 branch locations, and route-based concrete waste management services from 21 operating locations in the U.S. and one shared location in the U.K. For more information, please visit www.concretepumpingholdings.com or the Company’s brand websites at www.brundagebone.com, www.camfaud.co.uk, or www.eco-pan.com.

Forward‐Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s actual results may differ from expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” “outlook” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations with respect to future performance, including the Company’s fiscal year 2025 outlook. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside the Company’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the adverse impact of recent inflationary pressures, changes in foreign trade policies, restrictive monetary policies, global economic conditions and developments related to these conditions, such as fluctuations in fuel costs on our business; adverse and severe weather conditions; the outcome of any legal proceedings, rulings or demand letters that may be instituted against or sent to the Company or its subsidiaries; the ability of the Company to grow and manage growth profitably and retain its key employees; the ability to identify and complete targeted acquisitions and to realize the expected benefits from completed acquisitions; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission, including the risk factors in the Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company cautions that the foregoing list of factors is not exclusive. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

Non-GAAP Financial Measures

This press release presents Adjusted EBITDA, Adjusted EBITDA margin, net debt, free cash flow and leverage ratio, all of which are important financial measures for the Company but are not financial measures defined by GAAP.

EBITDA is calculated by taking GAAP net income and adding back interest expense and amortization of deferred financing costs net of interest income, income tax expense, and depreciation and amortization. Adjusted EBITDA is calculated by taking EBITDA and adding back loss on debt extinguishment, stock-based compensation, changes in the fair value of warrant liabilities, other expense (income), net, goodwill and intangibles impairment and other adjustments. Other adjustments include non-recurring expenses, non-cash currency gains/losses and transaction expenses. Transaction expenses represent expenses for legal, accounting, and other professionals that were engaged in the completion of various acquisitions. Transaction expenses can be volatile as they are primarily driven by the size of a specific acquisition. As such, the Company excludes these amounts from Adjusted EBITDA for comparability across periods.

The Company believes these non-GAAP measures of financial results provide useful supplemental information to management and investors regarding certain financial and business trends related to our financial condition and results of operations, and as a supplemental tool for investors to use in evaluating our ongoing operating results and trends and in comparing our financial measures with competitors who also present similar non-GAAP financial measures. In addition, these measures (1) are used in quarterly and annual financial reports and presentations prepared for management, our board of directors and investors, and (2) help management to determine incentive compensation. EBITDA and Adjusted EBITDA have limitations and should not be considered in isolation or as a substitute for performance measures calculated under GAAP. These non-GAAP measures exclude certain cash expenses that the Company is obligated to make. In addition, other companies in our industry may calculate EBITDA and Adjusted EBITDA differently or may not calculate it at all, which limits the usefulness of EBITDA and Adjusted EBITDA as comparative measures. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by total revenue for the period presented. See below for a reconciliation of Adjusted EBITDA to net income (loss) calculated in accordance with GAAP.

Net debt as a specified date is calculated as all amounts outstanding under debt agreements (currently this includes the Company’s term loan and revolving line of credit balances, excluding any offsets for capitalized deferred financing costs) measured in accordance with GAAP less cash. Cash is subtracted from the GAAP measure because it could be used to reduce the Company’s debt obligations. A limitation associated with using net debt is that it subtracts cash and therefore may imply that there is less Company debt than the most comparable GAAP measure indicates. CPH believes this non-GAAP measure provides useful information to management and investors in order to monitor the Company’s leverage and evaluate the Company’s consolidated balance sheet. See “Reconciliation of Net Debt” below for a reconciliation of Net Debt to amounts outstanding under debt agreements calculated in accordance with GAAP.

The leverage ratio is defined as the ratio of net debt to Adjusted EBITDA for the trailing four quarters. The Company believes its leverage ratio measures its ability to service its debt and its ability to make capital expenditures. Additionally, the leverage ratio is a standard measurement used by investors to gauge the creditworthiness of an institution.

Free cash flow is defined as Adjusted EBITDA less net maintenance capital expenditures and cash paid for interest. This measure is not a substitute for cash flow from operations and does not represent the residual cash flow available for discretionary expenditures, since certain non-discretionary expenditures, such as debt servicing payments, are not deducted from the measure. CPH believes this non-GAAP measure provides useful information to management and investors in order to monitor and evaluate the cash flow yield of the business.

The financial statement tables that accompany this press release include a reconciliation of Adjusted EBITDA and net debt to the applicable most comparable U.S. GAAP financial measure. However, the Company has not reconciled the forward-looking Adjusted EBITDA guidance range and free cash flow range included in this press release to the most directly comparable forward-looking GAAP measures because this cannot be done without unreasonable effort due to the lack of predictability regarding the various reconciling items such as provision for income tax expense and depreciation and amortization.

Current and prospective investors should review the Company’s audited annual and unaudited interim financial statements, which are filed with the U.S. Securities and Exchange Commission, and not rely on any single financial measure to evaluate the Company’s business. Other companies may calculate Adjusted EBITDA, net debt and free cash flow differently and therefore these measures may not be directly comparable to similarly titled measures of other companies.

Contact:

Company: Iain Humphries Chief Financial Officer 1-303-289-7497	Investor Relations: Gateway Group, Inc. Cody Slach 1-949-574-3860 BBCP@gateway-grp.com


Concrete Pumping Holdings, Inc.
Condensed Consolidated Balance Sheets

	As of April 30,			As of October 31,
(in thousands, except per share amounts)	2025			2024
Current assets:
Cash and cash equivalents	$	37,788		$	43,041
Receivables, net of allowance for doubtful accounts of $881 and $916, respectively		48,378			56,441
Inventory		6,157			5,922
Prepaid expenses and other current assets		11,231			6,956
Total current assets		103,554			112,360

Property, plant and equipment, net		412,967			415,726
Intangible assets, net		99,793			105,612
Goodwill		223,998			222,996
Right-of-use operating lease assets		24,757			26,179
Other non-current assets		11,437			12,578
Deferred financing costs		2,284			2,539
Total assets	$	878,790		$	897,990

Current liabilities:
Revolving loan	$	–		$	20
Operating lease obligations, current portion		4,860			4,817
Accounts payable		12,341			7,668
Accrued payroll and payroll expenses		11,757			14,303
Accrued expenses and other current liabilities		27,069			28,673
Income taxes payable		1,861			850
Total current liabilities		57,888			56,331

Long term debt, net of discount for deferred financing costs		417,346			373,260
Operating lease obligations, non-current		20,418			21,716
Deferred income taxes		84,402			86,647
Other liabilities, non-current		11,891			13,321
Total liabilities		591,945			551,275


Zero-dividend convertible perpetual preferred stock, $0.0001 par value, 2,450,980 shares issued and outstanding as of April 30, 2025 and October 31, 2024		25,000			25,000

Stockholders’ equity
Common stock, $0.0001 par value, 500,000,000 shares authorized, 52,132,683 and 53,273,644 issued and outstanding as of April 30, 2025 and October 31, 2024, respectively		6			6
Additional paid-in capital		388,737			386,313
Treasury stock		(35,972	)		(25,881	)
Accumulated other comprehensive income (loss)		3,089			(483	)
Accumulated deficit		(94,015	)		(38,240	)
Total stockholders’ equity		261,845			321,715

Total liabilities and stockholders’ equity	$	878,790		$	897,990


Concrete Pumping Holdings, Inc.
Condensed Consolidated Statements of Operations

	Three Months Ended April 30,						Six Months Ended April 30,
(in thousands, except per share amounts)	2025			2024			2025			2024

Revenue	$	93,958		$	107,062		$	180,404		$	204,773
Cost of operations		57,776			65,295			112,987			129,692
Gross profit		36,182			41,767			67,417			75,081
Gross margin		38.5	%		39.0	%		37.4	%		36.7	%

General and administrative expenses		27,922			29,712			55,672			61,570
Income from operations		8,260			12,055			11,745			13,511

Interest expense and amortization of deferred financing costs		(8,554	)		(6,903	)		(14,769	)		(13,426	)
Loss on extinguishment of debt		–			–			(1,392	)		–
Interest income		260			30			673			90
Change in fair value of warrant liabilities		–			–			–			130
Other income (expense), net		28			44			62			84
Income (loss) before income taxes		(6	)		5,226			(3,681	)		389

Income tax expense (benefit)		(2	)		2,180			(1,038	)		1,169

Net income (loss)		(4	)		3,046			(2,643	)		(780	)

Less preferred shares dividends		(426	)		(430	)		(865	)		(870	)

Loss available to common shareholders	$	(430	)	$	2,616		$	(3,508	)	$	(1,650	)

Weighted average common shares outstanding
Basic		52,699			53,430			52,875			53,501
Diluted		52,699			54,380			52,875			53,501

Net income per common share
Basic	$	(0.01	)	$	0.05		$	(0.07	)	$	(0.03	)
Diluted	$	(0.01	)	$	0.05		$	(0.07	)	$	(0.03	)


Concrete Pumping Holdings, Inc.
Condensed Consolidated Statements of Cash Flows

	For the Six Months Ended April 30,
(in thousands, except per share amounts)	2025			2024

Net loss	$	(2,643	)	$	(780	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Non-cash operating lease expense		2,575			2,567
Foreign currency adjustments		(54	)		(451	)
Depreciation		20,726			20,565
Deferred income taxes		(2,706	)		(590	)
Amortization of deferred financing costs		896			890
Amortization of intangible assets		6,058			7,771
Stock-based compensation expense		905			1,273
Change in fair value of warrant liabilities		–			(130	)
Loss on extinguishment of debt		1,392			–
Net gain on the sale of property, plant and equipment		(188	)		(1,147	)
Other operating activities		(46	)		65
Net changes in operating assets and liabilities:
Receivables		8,407			6,279
Inventory		(130	)		612
Other operating assets		(6,297	)		(2,420	)
Accounts payable		4,296			(1,218	)
Other operating liabilities		(2,424	)		(3,841	)
Net cash provided by operating activities		30,767			29,445

Cash flows from investing activities:
Purchases of property, plant and equipment		(19,491	)		(28,817	)
Proceeds from sale of property, plant and equipment		3,232			5,236
Net cash used in investing activities		(16,259	)		(23,581	)

Cash flows from financing activities:
Proceeds on long term debt		425,000			–
Payments on long term debt		(375,000	)		–
Proceeds on revolving loan		124,474			167,611
Payments on revolving loan		(124,494	)		(170,138	)
Dividends paid		(53,132	)
Payment of debt issuance costs		(8,153	)		–
Purchase of treasury stock		(8,508	)		(3,017	)
Other financing activities		(136	)		1,409
Net cash used in financing activities		(19,949	)		(4,135	)
Effect of foreign currency exchange rate changes on cash		188			366
Net increase (decrease) in cash and cash equivalents		(5,253	)		2,095
Cash and cash equivalents:
Beginning of period		43,041			15,861
End of period	$	37,788		$	17,956


Concrete Pumping Holdings, Inc.
Segment Revenue

	Three Months Ended April 30,				Change
(in thousands, unless otherwise stated)	2025		2024		$			%
U.S. Concrete Pumping		62,109	$	74,617	$	(12,508	)		(16.8	)%
U.S. Concrete Waste Management Services⁽¹⁾		18,057		16,898		1,159			6.9	%
U.K. Operations		13,792		15,547		(1,755	)		(11.3	)%
Total revenue	$	93,958	$	107,062	$	(13,104	)		(12.2	)%
(1) For the three months ended April 30, 2025 and 2024, intersegment revenue of $0.1 million is excluded.

	Six Months Ended April 30,				Change
(in thousands, unless otherwise stated)	2025		2024		$			%
U.S. Concrete Pumping	$	119,022	$	141,300	$	(22,278	)		(15.8	)%
U.S. Concrete Waste Management Services⁽¹⁾		34,750		32,518		2,232			6.9	%
U.K. Operations		26,632		30,955		(4,323	)		(14.0	)%
Total revenue	$	180,404	$	204,773	$	(24,369	)		(11.9	)%
(1) For the six months ended April 30, 2025 and 2024, intersegment revenue of $0.2 million isexcluded.

Concrete Pumping Holdings, Inc.

Segment Adjusted EBITDA and Net Income (Loss)

During the first quarter of fiscal year 2025, the Company updated its methodology in which the Company allocates its corporate costs to better align with the manner in which the Company now allocates resources and measures performance. As a result, segment results for prior periods have been reclassified to conform to the current period presentation.

	Three Months Ended April 30, 2024						Six Months Ended April 30, 2024
(in thousands)	U.S. Concrete Pumping			U.S. Concrete Waste Management Services			U.S. Concrete Pumping			U.S. Concrete Waste Management Services
As Previously Reported
Net income (loss)	$	(999	)	$	3,001		$	(7,843	)	$	5,406
Interest expense and amortization of deferred financing costs, net of interest income		6,193			–			11,947			–
EBITDA		15,979			6,188			23,016			11,568
Stock-based compensation		737			–			1,273			–
Other expense (income), net		(7	)		–			(27	)		(7	)
Other Adjustments		514			–			3,668			–
Adjusted EBITDA		17,223			6,188			27,930			11,561

Recast Adjustment
Net income (loss)	$	1,936		$	(1,936	)	$	5,578		$	(5,578	)
Interest expense and amortization of deferred financing costs, net of interest income		(1,566	)		1,566			(3,323	)		3,323
EBITDA		370			(370	)		2,255			(2,255	)
Stock-based compensation		(189	)		189			(350	)		350
Other expense (income), net		–			–			3			(3	)
Other Adjustments		67			(67	)		(774	)		774
Adjusted EBITDA		248			(248	)		1,134			(1,134	)

Current Report As Recast
Net income (loss)	$	937		$	1,065		$	(2,265	)	$	(172	)
Interest expense and amortization of deferred financing costs, net of interest income		4,627			1,566			8,624			3,323
EBITDA		16,349			5,818			25,271			9,313
Stock-based compensation		548			189			923			350
Other expense (income), net		(7	)		–			(24	)		(10	)
Other Adjustments		581			(67	)		2,894			774
Adjusted EBITDA		17,471			5,940			29,064			10,427


Concrete Pumping Holdings, Inc.
Segment Adjusted EBITDA and Net Income (Loss) Continued

	Net Income (Loss)
	Three Months Ended April 30					Change
(in thousands, unless otherwise stated)	2025			2024		$			%
U.S. Concrete Pumping	$	(1,601	)	$	937	$	(2,538	)		*
U.S. Concrete Waste Management Services		1,202			1,065		137			(12.9	)%
U.K. Operations		395			1,044		(649	)		(62.2	)%
Total	$	(4	)	$	3,046	$	(3,050	)		(100.1	)%
*Change is not meaningful

	Adjusted EBITDA
	Three Months Ended April 30					Change
(in thousands, unless otherwise stated)	2025			2024		$			%
U.S. Concrete Pumping	$	12,663		$	17,471	$	(4,808	)		(27.5	)%
U.S. Concrete Waste Management Services		6,655			5,940		715			12.0	%
U.K. Operations		3,179			4,137		(958	)		(23.2	)%
Total	$	22,497		$	27,548	$	(5,051	)		(18.3	)%

	Net Income (Loss)
	Six Months Ended April 30						Change
(in thousands, unless otherwise stated)	2025			2024			$			%
U.S. Concrete Pumping	$	(4,681	)	$	(2,265	)	$	(2,416	)		(106.7	)%
U.S. Concrete Waste Management Services		1,426			(172	)		1,598			*
U.K. Operations		612			1,527			(915	)		(59.9	)%
Other		–			130			(130	)		*
Total	$	(2,643	)	$	(780	)	$	(1,863	)		(238.8	)%
*Change is not meaningful

	Adjusted EBITDA
	Six Months Ended April 30						Change
(in thousands, unless otherwise stated)	2025			2024			$			%
U.S. Concrete Pumping	$	21,800		$	29,064		$	(7,264	)		(25.0	)%
U.S. Concrete Waste Management Services		11,701			10,427			1,274			12.2	%
U.K. Operations		6,007			7,339			(1,332	)		(18.1	)%
Total	$	39,508		$	46,830		$	(7,322	)		(15.6	)%


Concrete Pumping Holdings, Inc.
Quarterly Financial Performance

(dollars in millions)	Revenue		Net Income			Adjusted EBITDA¹		Capital Expenditures²		Adjusted EBITDA less Capital Expenditures		Earnings (Loss) Per Diluted Share

Q1 2024	$	98	$	(4	)	$	19	$	17	$	3	$	(0.08	)
Q2 2024	$	107	$	3		$	28	$	7	$	21	$	0.05
Q3 2024	$	110	$	8		$	32	$	6	$	26	$	0.13
Q4 2024	$	111	$	9		$	34	$	2	$	32	$	0.16
Q1 2025	$	86	$	(3	)	$	17	$	4	$	13	$	(0.06	)
Q2 2025	$	94	$	–		$	22	$	12	$	10	$	(0.01	)

¹Adjusted EBITDA is a financial measure that is not calculated in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”). See “Non-GAAP Financial Measures” below for a discussion of the definition of this measure and reconciliation of such measure to its most comparable GAAP measure.
²Information on M&A or growth investments included in net capital expenditures have been included for relevant quarters below:
*Q1 2024 capex includes approximately $5 million growth investment.
*Q2 2024 capex includes approximately $1 million M&A and $3 million growth investment.
*Q3 2024 capex includes approximately $4 million growth investment.
*Q4 2024 capex includes approximately $3 million growth investment.
*Q1 2025 capex includes approximately $2 million growth investment.
*Q2 2025 capex includes approximately $2 million growth investment.


Concrete Pumping Holdings, Inc.
Reconciliation of Net Income to Reported EBITDA to Adjusted EBITDA

	Three Months Ended April 30,						Six Months Ended April 30,
(dollars in thousands)	2025			2024			2025			2024
Consolidated
Net income (loss)	$	(4	)	$	3,046		$	(2,643	)	$	(780	)
Interest expense and amortization of deferred financing costs, net of interest income		8,294			6,873			14,096			13,336
Income tax expense (benefit)		(2	)		2,180			(1,038	)		1,169
Depreciation and amortization		13,584			14,239			26,784			28,337
EBITDA		21,872			26,338			37,199			42,062
Loss on debt extinguishment		–			–			1,392			–
Stock based compensation		538			737			905			1,273
Change in fair value of warrant liabilities		–			–			–			(130	)
Other expense (income), net		(28	)		(44	)		(62	)		(84	)
Other adjustments(1)		115			517			74			3,709
Adjusted EBITDA	$	22,497		$	27,548		$	39,508		$	46,830

U.S. Concrete Pumping
Net income (loss)	$	(1,601	)	$	937		$	(4,681	)	$	(2,265	)
Interest expense and amortization of deferred financing costs, net of interest income		5,211			4,627			8,522			8,624
Income tax expense (benefit)		(482	)		515			(1,662	)		(1,588	)
Depreciation and amortization		9,006			10,270			18,081			20,500
EBITDA		12,134			16,349			20,260			25,271
Loss on debt extinguishment		–			–			862			–
Stock based compensation		371			548			609			923
Other expense (income), net		(4	)		(7	)		(18	)		(24	)
Other adjustments(1)		162			581			87			2,894
Adjusted EBITDA	$	12,663		$	17,471		$	21,800		$	29,064

U.S. Concrete Waste Management Services
Net income (loss)	$	1,202		$	1,065		$	1,426		$	(172	)
Interest expense and amortization of deferred financing costs, net of interest income		2,369			1,566			4,141			3,323
Income tax expense		332			1,067			415			1,982
Depreciation and amortization		2,651			2,120			4,927			4,180
EBITDA		6,554			5,818			10,909			9,313
Loss on debt extinguishment		–			–			530			–
Stock based compensation		167			189			296			350
Other expense (income), net		(12	)		–			(14	)		(10	)
Other adjustments		(54	)		(67	)		(20	)		774
Adjusted EBITDA	$	6,655		$	5,940		$	11,701		$	10,427

⁽¹⁾Other adjustments include the adjustment for non-recurring expenses and non-cash currency gains/losses. For the six months ended April 30, 2024, other adjustments includes a $3.5 million non-recurring charge related to sales tax litigation.

	Three Months Ended April 30,						Six Months Ended April 30,
(dollars in thousands)	2025			2024			2025			2024
U.K. Operations
Net income	$	395		$	1,044		$	612		$	1,527
Interest expense, net		714			680			1,433			1,389
Income tax expense		148			598			209			775
Depreciation and amortization		1,927			1,849			3,776			3,657
EBITDA		3,184			4,171			6,030			7,348
Other expense (income), net		(12	)		(37	)		(30	)		(50	)
Other adjustments		7			3			7			41
Adjusted EBITDA	$	3,179		$	4,137		$	6,007		$	7,339

Other
Net income	$	–		$	–		$	–		$	130
EBITDA		–			–			–			130
Change in fair value of warrant liabilities		–			–			–			(130	)
Adjusted EBITDA	$	–		$	–		$	–		$	–


Concrete Pumping Holdings, Inc.
Reconciliation of Net Debt

	April 30,			July 31,			October 31,			January 31,			April 30,
(in thousands)	2024			2024			2024			2025			2025
Senior Notes		375,000			375,000			375,000			425,000			425,000
Revolving loan draws outstanding		16,428			–			20			–			–
Less: Cash		(17,956	)		(26,333	)		(43,041	)		(85,132	)		(37,788	)
Net debt	$	373,472		$	348,667		$	331,979		$	339,868		$	387,212


Concrete Pumping Holdings, Inc.
Reconciliation of Historical Adjusted EBITDA

(dollars in thousands)	Q1 2024			Q2 2024			Q3 2024			Q4 2024			Q1 2025				Q2 2025
Consolidated
Net income (loss)	$	(3,826	)	$	3,046		$	7,560		$	9,427		$	(2,639	)	$	(4	)
Interest expense and amortization of deferred financing costs		6,463			6,873			6,261			5,976			5,802			8,294
Income tax expense (benefit)		(1,011	)		2,180			3,081			3,854			(1,036	)		(2	)
Depreciation and amortization		14,097			14,239			14,491			14,283			13,200			13,584
EBITDA		15,723			26,338			31,393			33,540			15,327			21,872
Transaction expenses		–			–			–			–			–			–
Loss on debt extinguishment		–			–			–			–			1,392			–
Stock based compensation		536			737			644			477			367			538
Change in fair value of warrant liabilities		(130	)		–			–			–			–			–
Other expense (income), net		(39	)		(44	)		(276	)		(47	)		(34	)		(28	)
Other adjustments⁽¹⁾		3,191			517			(123	)		(290	)		(41	)		115
Adjusted EBITDA	$	19,281		$	27,548		$	31,638		$	33,680		$	17,011		$	22,497

⁽¹⁾Other adjustments include the adjustment for non-recurring expenses and non-cash currency gains/losses. For the first quarter of fiscal year 2024, other adjustments includes a $3.5 million non-recurring charge related to sales tax litigation.

The MIL Network –

June 6, 2025

MIL-OSI: Byrna Technologies Announces Preliminary Fiscal Second Quarter Record Revenues of $28.5 Million

Source: GlobeNewswire (MIL-OSI)

ANDOVER, Mass., June 05, 2025 (GLOBE NEWSWIRE) — Byrna Technologies Inc. (“Byrna” or the “Company”) (Nasdaq: BYRN), a technology company, specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions, today announced select preliminary financial results for the fiscal second quarter ended May 31, 2025.

Preliminary Second Quarter Results
Based on preliminary unaudited results, Byrna expects total revenue for the fiscal second quarter of 2025 to be $28.5 million, representing a 41% increase from $20.3 million in the fiscal second quarter of 2024. The record Q2 performance was driven by strong early demand for the new Byrna Compact Launcher (CL), which launched on May 1, along with meaningful channel expansion.

E-commerce sales grew 15% year-over-year, supported by growing brand recognition and an increasingly balanced channel mix.

Dealer sales rose 106% year-over-year to $7.5 million, driven by early success in the Company’s partnership with Sportsman’s Warehouse, which soft-launched Byrna products in select stores during the second quarter. As of quarter-end, the program had rolled out an initial group of stores featuring shop-in-shop formats, with in-store ‘Byrna Genius’ installations expected to begin in July to support continued growth and deepen in-store engagement. Growth in the dealer channel also reflected continued momentum from Byrna’s traditional distributor network.

International sales rose 86%, including approximately $800,000 in royalty revenue from Byrna LATAM, which is up from a negligible base in the prior year period.

To ensure sufficient supply for the CL launch and build inventory across product lines, Byrna produced 38,237 Compact Launchers in the quarter, contributing to a total of 63,835 launchers manufactured.

Management Commentary
“We are continuing to raise the bar at Byrna and are encouraged with our ability to generate a record $28.5 million in revenue for the second quarter,” said Byrna CEO Bryan Ganz. “While we saw softness in overall consumer spending throughout the quarter, the launch of the CL and sustained expansion of our total addressable market helped drive a 41% year-over-year increase in revenue. This success is a testament to the growing strength of our brand and the innovation behind the CL.

“Over the past six months, we’ve steadily ramped production to support a successful launch of the CL. With the rollout now underway and a healthy inventory of SD and LE launchers in place, we are transitioning to a steady-state production cadence of 15,000 launchers per month. Combined with the ramping Sportsman’s Warehouse partnership and an expanded influencer roster—including the recent addition of Tucker Carlson—we’re well positioned to maintain momentum through the second half of 2025 and beyond.”

Preliminary Fiscal Second Quarter 2025 Sales Breakdown:

Sales Channel ($ in millions)	Q2 2025	Q2 2024	% Change
Web	16.6	14.4	15%
Byrna Dedicated Dealers	7.5	3.6	106%
Law Enforcement / Schools / Pvt Security	0.1	0.0	120%
Retail Stores	0.8	0.2	223%
International	3.6	1.9	86%
Total Sales	28.5	20.3	41%

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

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

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

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

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

The MIL Network –

June 6, 2025

MIL-OSI: Oportun Completes $439 Million Asset Backed Securitization

Source: GlobeNewswire (MIL-OSI)

SAN CARLOS, Calif., June 05, 2025 (GLOBE NEWSWIRE) — Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced the issuance of $439 million of two-year revolving fixed rate asset-backed notes secured by a pool of unsecured and secured installment loans.

The offering included five classes of fixed rate notes: Class A, Class B, Class C, Class D, and Class E. Fitch rated all classes of notes, assigning ratings of AAA, AA-, A-, BBB-, and BB-, respectively. Goldman Sachs & Co. LLC served as the sole structuring agent and co-lead, and Deutsche Bank Securities Inc., Jefferies and Natixis Corporate & Investment Banking also served as co-leads.

The weighted average coupon on the transaction was 5.57%, and the weighted average yield was 5.67%. The Class A notes were priced with a coupon of 4.88% per annum; the Class B notes were priced with a coupon of 5.28% per annum; the Class C notes were priced with a coupon of 5.52% per annum; the Class D notes were priced with a coupon of 6.45% per annum; and the Class E notes were priced at 98.95% with a coupon of 9.40% and a yield of 10.19% per annum.

“This transaction marks an important milestone for Oportun and reflects a growing recognition of the strength and resilience of our business. Achieving our first AAA rating demonstrates how far we’ve come in expanding access to affordable credit,” said Paul Appleton, Interim Chief Financial Officer at Oportun. “The 5.67% yield on this bond issuance was 1.28% lower than our prior ABS transaction in January, reflecting robust investor demand and creating greater efficiency and value — both for Oportun and for the members we serve.”

For more information visit oportun.com. The notes were offered pursuant to Rule 144A under the Securities Act of 1933, as amended.

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

About Oportun
Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members’ financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $20.3 billion in responsible and affordable credit, saved its members more than $2.4 billion in interest and fees, and helped its members set aside an average of more than $1,800 annually. For more information, visit Oportun.com.

Investor Contact
Dorian Hare
(650) 590-4323
ir@oportun.com

Media Contact
Michael Azzano
Cosmo PR for Oportun
(415) 596-1978
michael@cosmo-pr.com

The MIL Network –

June 6, 2025
MIL-OSI Russia: Financial news: Average price of MTPL policy in Q1 was 6.9 thousand rubles

Translation. Region: Russian Federal

Source: Central Bank of Russia –

In January-March 2025, the cost of a classic MTPL policy for ordinary motorists was on average 5.1% lower than a year earlier (7.3 thousand rubles). They issued almost 8.3 million such compulsory motor insurance contracts.

Another 1.5 million classic MTPL policies were issued to other categories of policyholders (public transport, business representatives, etc.). In the first quarter, about 0.9 million were concluded.short-term OSAGO contractsThese policies are in demand mainly among taxi drivers, who took them out for an average of two days for 272 rubles.

The total amount of premiums under compulsory motor third party liability insurance amounted to 73.9 billion rubles, and payments amounted to 51.7 billion rubles.

Overall, the insurance market in Q1 increased almost 1.5 times, to 845.4 billion rubles. As in the previous year, almost all of the growth was provided by the segment of accumulative and investment life insurance. The volume of payments for this period increased more than twofold, to 602.5 billion rubles. Read more about the situation on the market in“Review of key performance indicators of insurers”.

Preview photo: LeManna / Shutterstock / Fotodom

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June 6, 2025
MIL-OSI Russia: Dmitry Patrushev: Rosprirodnadzor’s systematic work allows us to identify and fairly stop environmental violations

Translation. Region: Russian Federal

Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

On Ecologist Day, Deputy Prime Minister Dmitry Patrushev spoke at a meeting of the board of Rosprirodnadzor. He spoke about the department’s successes last year and outlined the tasks for the current year.

“Our country is consistently moving towards achieving environmental well-being. It is Rosprirodnadzor that the state has entrusted with the responsible role of verifying the quality of measures implemented within the framework of the national project of the same name in this large-scale process. This concerns control over wastewater treatment, elimination of accumulated damage, as well as the level of air pollution and other areas of work. In all these areas, a rational supervision system has been built, which, in general, allows us to identify and fairly suppress environmental violations,” Dmitry Patrushev emphasized.

The Deputy Prime Minister noted that in 2024, the service’s activities provided almost 32.5 billion rubles in revenues to the consolidated budget, which is 30% more than the forecast expectations. The bulk of these funds are directed to environmental programs in regional budgets.

The department’s activities actively include electronic services, including for collecting reports and budget administration. From 2020 to 2025, the number of services provided digitally increased 16 times and now covers their entire range. Dmitry Patrushev added that digitalization will help expand the remote control system, which in turn will increase the mobility of Rosprirodnadzor and the number of events carried out.

The Deputy Prime Minister reported that in 2024, the number of preventive visits and warnings from the department exceeded 80 thousand, which is almost twice as much as the year before. At the same time, the number of scheduled inspections is decreasing. Last year, 30% fewer of them were carried out than in 2023.

Rosprirodnadzor also continues to assess the impact of accumulated harm on the environment for inclusion in the relevant register. Last year, more than 230 accumulated harm objects were surveyed and assessed in 49 regions.

Dmitry Patrushev outlined the department’s tasks for the current year, including within the framework of work to complete the construction of treatment facilities on the Volga and Baikal, issuing comprehensive environmental permits, and administering the extended producer responsibility reform.

Rosprirodnadzor is also assigned a key role in the experiment on quotas for pollutant emissions in cities participating in the federal project “Clean Air”. The Deputy Prime Minister emphasized that the list of such objects and the quota sizes should be established this year.

In conclusion, Dmitry Patrushev noted that over the past six years, funding for Rosprirodnadzor and its subordinate institutions has increased by 3.5 times. In addition, in 2025, the Government has additionally allocated 6 billion rubles to increase salaries for employees of the agency over the coming years, which will also help attract young, motivated specialists to the industry.

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

MIL OSI Russia News –

June 6, 2025
MIL-OSI Russia: Tatyana Golikova visited the Noginsky boarding house in the Moscow region

Translation. Region: Russian Federal

Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

On the eve of Social Worker Day, Deputy Prime Minister Tatyana Golikova visited the gerontology department of the Noginsky boarding house in Chernogolovka, Moscow Region.

“Today’s visit is connected with the fact that our colleagues, workers of the social service system, have a professional holiday. These are incredible people who give themselves to those who come to them with their difficult life situations. I sincerely want to thank all social workers of the country for this work, for the love for those people to whom they give themselves,” Tatyana Golikova congratulated the workers.

During the visit, the Deputy Prime Minister inspected the boarding house and talked to residents and staff. The institution has double occupancy, an assembly hall, a tea room, a library, and a physical therapy room.

“Today in the Moscow Region we are also getting acquainted with active longevity technologies, which, on the instructions of the head of state, we will implement from January 1, 2025, as part of the national project “Family”. I am sure that thanks to such technologies, the number of senior citizens will grow. We see that technologies allow us to nurse even the most seriously ill patients so that they return to life, to society and become active. Now we are working in two areas: to support the older generation and those people who need help, people with disabilities, people who suffered during a special military operation, and their families. We are actively developing a long-term care system. By 2030, on the instructions of the head of state, 500 thousand of our citizens should be covered by long-term care, now it is 174 thousand. Such social homes are also one of the areas. As part of our project, together with the regions, we will carry out major repairs of 43 such houses and build 55. The most important thing is that these are not the same nursing homes that were before. This is a completely new look for social homes, where people who come here find their family, and sometimes even get married,” the Deputy Prime Minister noted.

The department employs 35 people, and is home to 45 elderly and disabled people. They have daily classes – Nordic walking, fitness, drawing, beading, string art, decoupage, dancing, cooking, and also have their own choir. All residents undergo annual medical examinations.

In 2025, the boarding house took first place in the country as the best organization with the safest and most harmless working conditions.

In total, there are 36 state-run boarding houses in the Moscow region, where 7 thousand elderly citizens and disabled people live.

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MIL OSI Russia News –

June 6, 2025
MIL-OSI Russia: Dmitry Chernyshenko: Seven winners of the third wave of selection of research centers in the field of artificial intelligence will receive 4.7 billion rubles

Translation. Region: Russian Federal

Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

At the Government Coordination Centre, Deputy Prime Minister Dmitry Chernyshenko presented the results of the selection of the third wave of research centres in the field of artificial intelligence (AI). The winning universities and research organisations will receive grants to conduct research and create breakthrough world-class industry solutions.

Dmitry Chernyshenko reported that the winners were HSE University, Innopolis, ISP RAS, ITMO University, MIPT, Skoltech, and for the first time, Lomonosov Moscow State University will be involved in the research.

“Each of the seven selected third wave centers will receive 676 million rubles for two years – until 2026 – to conduct fundamental research in the field of strong, trusted, multi-agent AI. The total amount of budget funding will be 4.7 billion rubles for all centers,” he added.

The Deputy Prime Minister noted that President Vladimir Putin and Prime Minister Mikhail Mishustin set the task of focusing on fundamental areas in the field of AI and conducting research in other areas, but with the mandatory use of AI technologies. Within the framework of the federal project “Artificial Intelligence”, the operator of which is the Ministry of Economic Development, a grant competition is being held for research centers.

“Investments in AI research centers have already proven their effectiveness. The first wave of centers dealt with issues of strong, trusted, ethical artificial intelligence. The second wave is dedicated to industry research for medicine, transport, industry and smart cities. These centers create almost half of all Russian scientific groundwork in AI. President Vladimir Putin set the task of publishing at least 450 papers at top-level conferences in the field of AI in the world by 2030 – A*. We see that investments are achieving results, so the Government continues to develop such support programs,” Dmitry Chernyshenko emphasized.

He added that an important foresight session on fundamental and exploratory research in the field of AI was held in 2024. At it, leading Russian scientists with a global reputation identified 10 priority areas for the development of science in the field of artificial intelligence in the coming years.

“These areas are a strategic benchmark for public investment, which, as a rule, also attracts off-budget investment. The selection of the third wave was carried out taking into account these priorities, and we plan to conduct further research in Russia in relation to them. The Ministry of Economic Development and the Ministry of Education and Science are also preparing a unified research program in the field of AI, which will consolidate this logic,” concluded Dmitry Chernyshenko.

He asked the selected centers to support the winners and prize winners of the AI Olympiads, who also took part in the event.

A total of 19 applications from centers from 10 regions of Russia were submitted for selection. The centers’ programs state the key areas of foresight in fundamental and exploratory research in the field of AI, conducted in 2024: agent/multi-agent systems, elements of strong AI, fundamental and generative AI models.

“Artificial intelligence today has a significant impact on the development of many sectors of the economy. On the instructions of the President, the national strategy for the development of AI until 2030 is being implemented. Support for the activities of research centers in this area is a critically important tool that allows us to create a research base for the comprehensive development of sovereign AI in the country,” said First Deputy Minister of Economic Development Maxim Kolesnikov.

Grigory Bokov, Director of the Research Center for Artificial Intelligence at Lomonosov Moscow State University, said that the goal of their center is to develop modern artificial intelligence technologies, including in the direction of so-called general artificial intelligence, capable of solving a wide range of problems, just as humans do.

“We combine deep scientific research with applied developments that can already be in demand in the economy, industry, medicine and education. The project involves specialists from seven departments of Moscow State University, including leading Russian and foreign scientists,” he said.

Expert support for the competitive selection and subsequent support for the implementation of research center activity programs is provided by the Strategic Agency for Support and Formation of AI Developments (SAPFIR), a project office created on the basis of the Skolkovo Foundation.

“In the next two years, SAPFIR will focus on supporting research centers to achieve all their goals in both the scientific and commercial parts. Their activities will contribute to the creation of a technological reserve for Russia in the field of artificial intelligence, as well as attracting and developing the best personnel in the country,” said SAPFIR Director Tatyana Soyuznova.

Let us recall that in 2021, the first wave of research centers in the field of AI was selected as part of the federal project “Artificial Intelligence” (national program “Digital Economy”). Six scientific and educational organizations received state support totaling more than 8 billion rubles. Their work resulted in 165 articles in leading scientific journals, 206 publications at top-level conferences, as well as the creation and support of 15 frameworks. Together with 36 industrial partners, including Sber, Yandex, MTS and other large companies, the centers have already implemented about 50 applied solutions.

As part of the second selection wave, support was received by industry AI centers based at leading universities and research centers, such as the N.N. Blokhin National Medical Research Center of Oncology, S.P. Korolev Samara University, and others. These centers focus on training industry specialists, creating databases, and supporting specialized frameworks. RUB 3.8 billion from the federal budget has been allocated to finance their activities in 2023–2026.

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MIL OSI Russia News –

June 6, 2025
MIL-OSI Russia: Dmitry Patrushev and Kirov Region Governor Alexander Sokolov discussed agricultural development and regional environmental issues

Translation. Region: Russian Federal

Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

Deputy Prime Minister Dmitry Patrushev held a working meeting with Kirov Region Governor Alexander Sokolov. They discussed the development of the region’s agro-industrial complex, as well as the environmental agenda.

The Kirov Region maintains its position in the ranking of regions – leaders in milk production volume, according to this indicator it is among the five largest in the Russian Federation. It constantly demonstrates growth. Last year, Kirov livestock breeders received almost 860 thousand tons of milk.

The sowing campaign is coming to an end in the region. Spring crops have been sown on about 300 thousand hectares (more than 84% of the area). Dmitry Patrushev drew attention to the fact that farmers must be provided with all the necessary resources to carry out field work.

The meeting also discussed issues of ecology and nature conservation. The Deputy Prime Minister noted that the Kirov Region is rich in forest resources and issues related to forest management are strategic for the socio-economic development of the region.

Alexander Sokolov spoke about the development of the waste management system in the Kirov Region. By 2030, the region plans to create 10 solid municipal waste management infrastructure facilities. The most significant project for the region is the construction of the Central waste processing complex in the Slobodskoy District. The enterprise will become one of the elements of the smart waste collection system, its sorting and processing into raw materials for further production.

The meeting summed up the results of the implementation of the national project “Ecology” in the region. In the Kirov region, six unauthorized dumps were eliminated, measures were taken to preserve forests and improve the system of handling solid municipal waste. Almost 3 billion rubles were allocated from the federal budget for these purposes.

Within the framework of the new national project “Environmental Well-being”, which was launched this year, work in these areas will continue.

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MIL OSI Russia News –

June 6, 2025
MIL-OSI Russia: Marat Khusnullin: More than 700 thousand meters of barrier fences will be installed on roads this year under the national project “Infrastructure for Life”

Translation. Region: Russian Federal

Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

Thanks to the national project “Infrastructure for Life”, large-scale work is being carried out in the regions of the country not only to update the road network, but also to equip facilities with safety elements.

“Improving the safety of all road users is one of the key objectives of the national project “Infrastructure for Life”, especially with the growing level of motorization, traffic intensity and population mobility. To implement it, large-scale work is being carried out in the regions participating in the national project not only to update the road network, but also to equip facilities with safety elements. Every repaired kilometer of road, traffic light and illuminated section is a contribution to preventing accidents and protecting Russians. In 2025, more than 700 traffic lights, almost 219 thousand meters of street lighting lines, over 700 thousand meters of barriers and 123 thousand meters of pedestrian fences will be installed in the participating regions. Specialists will equip more than 485 thousand meters of sidewalks and 14.5 thousand meters of pedestrian paths, 4.4 thousand meters of rumble strips, and install almost 96.1 thousand road signs,” he said. Deputy Prime Minister Marat Khusnullin.

On the instructions of the President of Russia, the mortality rate from road accidents must be reduced by 1.5 times by 2030 and by 2 times by 2036 compared to the 2023 figure.

“The solution to these problems will require the expansion of interdepartmental cooperation in all key positions in the field of road safety. We have positive experience in implementing the previous national project. Its distinctive feature was that road works were carried out in a comprehensive manner. The current pace must be maintained in the new national project “Infrastructure for Life”. This year, to achieve its indicators, road works will be carried out on almost 26 thousand km of the federal, regional and local road network. Accordingly, measures will be taken to ensure road safety at the sites,” said Transport Minister Roman Starovoit.

Particular attention is paid to routes to socially significant facilities, where infrastructure elements are designed taking into account increased pedestrian traffic.

“This year, we plan to bring almost 3,000 km of regional and local roads leading to educational institutions, more than 2,000 km of roads to tourist attractions, and the same number to medical institutions into compliance with the regulations. Each facility must be served by a high-quality road with the necessary elements to ensure the safety of road users,” emphasized Igor Kostyuchenko, Deputy Head of the Federal Road Agency.

Such work is actively carried out in the Republic of Ingushetia. Particular attention is paid to those routes that are most in demand by children during the summer holidays: these are approaches to summer and health camps, sports facilities, and playgrounds. This year, the republic plans to install almost 380 road signs, 33 pedestrian crossings, 8 speed bumps, 18,000 linear meters of sidewalks, and 196 linear meters of pedestrian fencing.

In Krasnoyarsk Krai, about 20 km of sidewalks will be installed under the national project. In addition, new lighting lines with a length of almost 30 km will be installed within the boundaries of populated areas. It will become lighter this year in the village of Sizaya in Shushensky District, the city of Lesosibirsk in Yenisei District, the settlement of Novoangarsk in Motyginsky District, and the village of Bol’shiye Knyshi in Idrinsky District. About 64.5 km of metal barrier fencing will also be installed.

Sidewalk construction is actively underway in the Moscow Region. In total, it is planned to build more than 60 km of sidewalks on 70 sites. In particular, in Serpukhov, work is being carried out on several sections of the Serpukhov-Glazovo-Kuzmenki highway at once: from the Sudimlya stop to the intersection with the A-108 highway and further to the Ryblovo stop, on the approach to the stops in the village of Novaya. In the Odintsovo District, a sidewalk is being built along the Zvenigorodskoye Highway in Golitsyno – it will provide residents with convenient access to the railway station and nearby infrastructure. In the Ramensky District, work is being carried out in the village of Ryleevo near the Ganusovskaya School, this will allow students to safely get to the educational institution. The new sidewalk will also make the path to the kindergarten, sports ground and Memory Alley comfortable.

The installation of cable barriers is another effective measure to reduce accidents: by separating traffic flows, the probability of driving into the oncoming lane is reduced and head-on collisions are prevented. Road workers have already completed more than half of the planned volume of work on installing such barriers – about 15 km out of the planned 30 km. In eight municipal and urban districts, the installation of cables has been fully completed: in Istra, Kashira, Kolomna, Krasnogorsk, Solnechnogorsk, Shchyolkovo, Sergiev Posad and Leninsky districts.

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MIL OSI Russia News –

June 6, 2025
MIL-OSI Russia: Moscow hosts photo exhibition in honor of 80th anniversary of Victory in Chinese People’s War of Resistance against Japanese Aggression and World Anti-Fascist War

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

Moscow, June 5 (Xinhua) — A photo exhibition titled “Shoulder to Shoulder – Towards a Common Victory” dedicated to the 80th anniversary of the victory in the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War was held at the Chinese Cultural Center in Moscow on Thursday.

The event featured unique photographs from the Xinhua archive, which captured key events of the war years and the heroic feat of the Chinese people in the war, and also reflected the contribution of China and the Soviet Union to the victory over fascism and militarism. In addition, visitors were able to see modern photographs telling about the development of Russian-Chinese military and cultural-humanitarian cooperation in recent years.

Opening the exhibition, First Deputy Chairperson of the Russian-Chinese Friendship Society Galina Kulikova recalled that on May 9, Russia solemnly celebrated the 80th anniversary of Victory in the Great Patriotic War. The festive parade on Red Square was attended by leaders of a number of foreign countries, and the main guest was the Chairman of the People’s Republic of China Xi Jinping, she noted.

“These events are a tribute to the Great Victory of our countries. We, on the Western Front, and China, on the Eastern Front, won a decisive victory. This Victory was achieved by our countries at the cost of more than 64 million lives. In the name of those who gave their lives so that we can gather today, celebrate these dates, and solve the problems that the heads of our states set for us, we are obliged to and will always remember them,” said G. Kulikova.

The Plenipotentiary Minister of the Chinese Embassy in the Russian Federation Zhang Wei noted the dedication of the peoples of China and Russia in the fight against militarism and fascism, as well as the fact that during the war a deep friendship arose between the countries, which became a powerful incentive for the comprehensive development of bilateral relations.

“At the new historical starting point of the 80th anniversary of the victory in the World Anti-Fascist War, under the strategic leadership of the leaders of the two countries, China and Russia will continue to stand shoulder to shoulder, interact side by side, and hand in hand advance the building of a community with a shared future for mankind. Together, we will write a brilliant chapter of just and peaceful development,” he stressed.

The First Deputy Chairman of the Federation Council Committee on International Affairs of the Russian Federation, former Russian Ambassador to China Andrei Denisov, for his part, pointed out that the joint statement of the Russian Federation and China, adopted following the state visit of Chinese Chairman Xi Jinping to Moscow, said a lot about the war, about preserving and passing on historical memory to younger generations, and preventing the distortion of historical truth.

“The Soviet Union and China are named at the very beginning of the first chapter of the joint statement as ‘the main theatres of military operations in Europe and Asia’. It is emphasized that they have become ‘two key forces’ in the fight against fascism and militarism,” he added, noting that he is looking forward to the celebration of the 80th anniversary of the victory in the Chinese People’s War of Resistance against Japanese Aggression and the World Anti-Fascist War, which will be held in China in September. According to him, this will be a significant political event.

Deputy Chairman of the Central Committee of the Communist Party of the Russian Federation, First Deputy Chairman of the State Duma Committee on International Affairs Dmitry Novikov expressed the opinion that the photo exhibition will become part of the commemorative events dedicated to the two 80th anniversaries. He noted that in China, as in Russia, great attention is paid to preserving the memory of the war and the fight against the falsification of history.

“This is extremely important from the point of view of ensuring that such tragedies do not happen again. It depends on each of us that the horrors of wars, the horrors of fascist terror do not happen again. Our peoples, who made the greatest sacrifices on the altar of Victory, can, must and are obliged to do more for this than others,” he emphasized.

The exhibition was prepared by the Xinxia Asia-Europe Bureau, China lmage Group, the Russian-Chinese Friendship Society and the Chinese Cultural Center. The co-organizers were the Union of Chinese Entrepreneurs in Russia and the Passion company. The event was held with the support of the Chinese Embassy in the Russian Federation. –0–

MIL OSI Russia News –

June 6, 2025
MIL-OSI Russia: Armenian Prime Minister and Turkish President discussed bilateral relations and the situation in the region during a telephone conversation

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

Yerevan, June 5 (Xinhua) — Armenian Prime Minister Nikol Pashinyan held a telephone conversation with Turkish President Recep Tayyip Erdogan on Thursday, the press service of the head of the Armenian government reported.

The interlocutors discussed issues of Armenian-Turkish relations and regional processes, reaching an agreement to continue the dialogue.

Armenian Foreign Minister Ararat Mirzoyan, speaking in the country’s parliament on the same day, said that despite the lack of diplomatic relations between Armenia and Turkey, the two countries are engaged in a very active and productive dialogue. -0–

MIL OSI Russia News –

June 6, 2025
MIL-OSI Russia: Belarus sees growth in foreign trade turnover of goods in the first four months of 2025 — Belstat

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

MINSK, June 5 /Xinhua/ — Belarus’ foreign trade turnover of goods in January-April 2025 amounted to 100.02 percent of the same period last year, the Belarusian National Statistical Committee (Belstat) reported on Thursday.

In the first four months of 2025, foreign trade turnover of goods amounted to 27.042 billion US dollars, including exports of 12.39 billion dollars and imports of 14.652 billion dollars.

Compared to the level of January-April 2024, the turnover of foreign trade in goods calculated in current prices amounted to 100.02 percent, exports – 96 percent, imports – 103.7 percent. –0–

MIL OSI Russia News –

June 6, 2025
MIL-OSI Russia: Denis Manturov took part in the meeting of the Advisory Council of the Ministry of Industry and Trade of Russia

Translation. Region: Russian Federal

Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

First Deputy Prime Minister Denis Manturov took part in the annual meeting of the Advisory Council of the Ministry of Industry and Trade of Russia chaired by Minister of Industry and Trade Anton Alikhanov.

At the meeting, the heads of the working groups of the Advisory Council summed up the results of the previous year’s activities and voiced proposals for the development of the radio-electronic industry, agricultural and transport engineering, as well as international cooperation. In addition, it was proposed to create additional working groups – on metallurgy and heavy engineering.

The Advisory Council was formed on April 10, 2014 (Order of the Ministry of Industry and Trade No. 673). The Advisory Council includes 11 ministers of the USSR, RSFSR and the Russian Federation in the main industries: chemical, construction, electrical engineering, machine tool building, transport, defense, trade and heavy engineering. Meetings of the Advisory Council are held annually.

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MIL OSI Russia News –

June 6, 2025
MIL-OSI Canada: Detection of Dermo in oysters in Newfoundland and Labrador
Source: Government of Canada News

The Canadian Food Inspection Agency (CFIA) has confirmed the presence of Dermo (also known as Perkinsosis) in oyster samples collected in Notre Dame Bay, Newfoundland and Labrador. Dermo does not pose a risk to human health or food safety, but it can cause increased oyster mortality and decreased growth rates. This is the first confirmed case of Dermo in Newfoundland and Labrador.

To limit the spread of the disease, the CFIA, Fisheries and Oceans Canada (DFO) and the Newfoundland and Labrador Department of Fisheries, Forestry and Agriculture are working together with stakeholders, provincial partners, and Indigenous communities to monitor the situation and take necessary action. These actions are part of the Government of Canada’s One Health approach to prepare for, detect, and manage animal diseases.

In addition to existing robust protective measures and increased animal surveillance, the CFIA, DFO and the Newfoundland and Labrador Department of Fisheries, Forestry and Agriculture continue to conduct tracing activities and testing of oysters to gain insight into the presence of Dermo in the area. At this time, these response measures include:
- applying movement controls to oysters in the area;
- further investigating the potential source of the detection;
- engaging scientists, producers and harvesters to continue to monitor mollusc health, including notifying CFIA or the Province of sick oysters or when decreased rates of growth or increased mortalities are observed; and
- ensuring that information regarding detection and movement control information is available to producers.
MIL OSI Canada News –
June 6, 2025
MIL-OSI: “America’s AI Arsenal Just Went Live”: AI Insider Briefs Public on Secret Supercomputer Built by Musk

Source: GlobeNewswire (MIL-OSI)

BALTIMORE, June 05, 2025 (GLOBE NEWSWIRE) — A newly surfaced report from bestselling author and tech insider James Altucher outlines the existence of a massive U.S.-based artificial intelligence weapon — one that could redefine America’s global standing in the AI arms race.

According to Altucher, the project — code-named Project Colossus — is being built by Elon Musk’s company xAI, in coordination with recent policy changes made by the Trump administration. Housed in a low-profile facility in Memphis, Tennessee, Altucher says this machine is already operational — and growing more powerful by the day.

“The Fastest Supercomputer on the Planet”

The briefing claims the facility is equipped with 200,000 cutting-edge AI chips, making it the most powerful computing center in the Western Hemisphere.

“It contains not just one or two… but 200,000 units of Nvidia’s all-powerful AI chips… making it the most advanced AI facility known to man.”

“The fastest supercomputer on the planet.” — Jensen Huang, Nvidia CEO

Altucher notes that Musk plans to expand this further in the coming weeks, with rumors of additional hardware that could multiply its power tenfold.

Trump Cleared the Runway

The report links the timing of Project Colossus to a major political shift. On Day 1 of his second term, Donald Trump reversed Biden-era restrictions on AI development.

“In one of his FIRST acts as President… Donald Trump overturned Executive Order #14110.”

Altucher claims this decision allowed developers like Musk to operate “without red tape or delay” — accelerating America’s path toward dominance in the next generation of AI systems.

Altucher: This Is “Artificial Superintelligence”

Altucher describes this moment not as another software release — but a seismic shift in how technology operates.

“This second wave of ARTIFICIAL SUPERINTELLIGENCE… Will rival all of the great innovations of the past. Electricity… the wheel… even the discovery of fire.”

His report urges Americans to understand what’s unfolding — not just in Silicon Valley, but in unmarked warehouses like the one now powering Project Colossus.

About James Altucher

James Altucher is a computer scientist, entrepreneur, and author who has worked on AI projects for over 40 years. A former IBM consultant and Wall Street technologist, he now focuses on breaking down emerging tech developments for a general audience. His latest briefing examines how Artificial Superintelligence is reshaping U.S. strategy and infrastructure.

Media Contact:
Derek Warren
Public Relations Manager
Paradigm Press Group
Email: dwarren@paradigmpressgroup.com

The MIL Network –

June 6, 2025
MIL-OSI: Binah Capital Group Announces PKS Investments as Finalist in Two Categories for the 2025 Wealth Management Industry Awards

Source: GlobeNewswire (MIL-OSI)

NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) — Binah Capital Group, Inc. (“Binah Capital”) (NASDAQ: BCG), a financial services enterprise supporting the growth of independent financial advisors, today announced that PKS Investments (“PKS”), a Binah Capital Group company, has been named a finalist in two categories for the prestigious 2025 Wealth Management Industry Awards (“The Wealthies”). The categories are Transition Support / Transition Services, recognizing PKS’s excellence in advisor transition solutions, and Chief Executive Officer of the Year, recognizing Katherine Flouton, CEO of PKS Investments.

This dual recognition underscores Binah’s unmatched commitment to leadership and operational excellence in supporting independent financial advisors through critical growth and transition stages.

With decades of experience and a proven, scalable process, PKS has successfully supported thousands of advisor transitions, helping firms navigate change with confidence, clarity, and continuity. Through high-touch service model, operational excellence, and strategic leadership, PKS has redefined the benchmark for transition support within the wealth management industry.

“We are incredibly proud to see Katherine Flouton and PKS Investments recognized among the industry’s top innovators,” said Craig Gould, Chief Executive Officer of Binah Capital Group. “These nominations reflect our unwavering commitment to empowering independent advisors with the leadership, infrastructure, and flexibility they need to thrive in an evolving landscape.”

Now in its 11th year, the Wealth Management Industry Awards is the only awards program of its kind to honor outstanding achievements by companies, organizations and individuals that support financial advisor success.

A panel of judges made up of top names in the industry, led by WealthManagement.com director of editorial strategy and operations David Armstrong, chose the finalists and will determine the winners, which each year recognizes the firms and individuals who are bringing new innovations to market that make a real difference to the daily activities of financial advisors. Winners will be announced at a gala and awards ceremony in New York City on September 4th.

About Binah Capital Group
Binah Capital Group (“Binah Capital”, “Binah” or the “Company,” is a financial services enterprise that owns and operates a network of industry-leading firms that empower independent financial advisors. As a national broker-dealer aggregator, Binah specializes in delivering value through its innovative hybrid-friendly model, making it an optimal platform for RIAs navigating today’s complex financial landscape. Binah’s portfolio companies are built to help advisors run, manage, and execute commission-based business seamlessly while providing best in class resources to support their advisory practice. We don’t just offer tools—we cultivate partnerships. Binah Capital Group stands alongside RIAs as a trusted ally, delivering the structure, flexibility, and cutting-edge solutions they need to succeed in an increasingly competitive marketplace. For more, please visit: www.binahcap.com.

About Purshe Kaplan Sterling Investments
Purshe Kaplan Sterling Investments (PKS) is a leading independent broker-dealer offering comprehensive support services for financial advisors nationwide. PKS’s flexible affiliation models, operational precision, and client-first philosophy enable advisors to deliver outstanding service while growing their businesses with confidence.

Contact:

Binah Capital Investor Relations
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The MIL Network –

June 6, 2025
MIL-OSI Video: Department of State Press Briefing – June 5, 2025

Source: United States of America – Department of State (video statements)

Department Press Briefing with Principal Deputy Spokesperson Tommy Pigott at the Department of State, on June 5, 2025.

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Under the leadership of the President and Secretary of State, the U.S. Department of State leads America’s foreign policy through diplomacy, advocacy, and assistance by advancing the interests of the American people, their safety and economic prosperity. On behalf of the American people we promote and demonstrate democratic values and advance a free, peaceful, and prosperous world.

The Secretary of State, appointed by the President with the advice and consent of the Senate, is the President’s chief foreign affairs adviser. The Secretary carries out the President’s foreign policies through the State Department, which includes the Foreign Service, Civil Service and U.S. Agency for International Development.

Get updates from the U.S. Department of State at www.state.gov and on social media!
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Watch on-demand State Department videos: https://video.state.gov/
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#StateDepartment #DepartmentofState #Diplomacy

https://www.youtube.com/watch?v=nX6VgPLuWOU

MIL OSI Video –

June 6, 2025
MIL-OSI Video: President Trump Participates in a Roundtable Discussion with the Fraternal Order of Police

Source: United States of America – The White House (video statements)

The White House

https://www.youtube.com/watch?v=rBWgUwMI2GM

MIL OSI Video –

June 6, 2025
MIL-OSI Canada: Seventeen New Addictions Spaces Open at Province’s Largest Family Treatment Centre
Source: Government of Canada regional news

Released on June 5, 2025

Today, Mental Health and Addictions Minister Lori Carr announced $7.3 million in annual funding for 17 new adult addictions treatment spaces at The Carter House.

The Carter House is a family treatment centre in Saskatoon where parents and children participate in treatment activities together to address substance use and family stability together.

“I am pleased to announce new addictions treatment spaces that will provide those experiencing addictions with the right care at the right time, without separating them from their support system,” Carr said. “By enabling families to work together toward a healthier, safer life in recovery, we can ensure better outcomes for those experiencing addictions.”

The Carter House provides inpatient addictions treatment for parents who are struggling with substance use disorder. Parents also take part in recreation therapy with their children to help develop parenting skills and family bonds. Children may also receive individual counselling, where needed.

“The Carter House offers a transformative, family-centred approach to addictions treatment in our province by providing evidence-based care that supports the entire family,” Carter House CEO Dave Broda said. “The Carter House serves primarily those at risk of family separation due to substance use disorder, as well as parents working toward reunification with their children. We are deeply grateful to the Government of Saskatchewan for investing in families impacted by substance use disorder. This support will change lives and strengthen communities across our province.”

Located at 601 Taylor Street West, The Carter House is operated by Kamor Integrated Health Services through the publicly funded health care system. Services are available to all Saskatchewan residents.

Kamor was one of the successful proponents chosen through a competitive Request for Supplier Qualifications (RFSQ) initiated by the Ministry of Health, the Saskatchewan Health Authority (SHA) and SaskBuilds and Procurement seeking addictions treatment services. The agreement to provide the service is between the SHA and Kamor.

“Families form the fabric of our communities and are the heart of our province,” Saskatchewan Health Authority Chief Operating Officer Derek Miller said. “That’s why ensuring individuals and their families can access support for addictions treatment together is important to the patient-centred care approach the SHA prioritizes. By building an environment nurturing mutual healing and support, the treatment delivered in partnership through The Carter House will establish a resilient foundation to support families on their path to healing and recovery.”

Under Saskatchewan’s Action Plan for Mental Health and Addictions, 281 of the 500 addictions treatment spaces are operational, including the 17 spaces at The Carter House in Saskatoon.

The 281 spaces also include:
- 40 withdrawal management spaces at Medavie-MD Ambulance in Saskatoon;
- 60 inpatient spaces at Willowview Recovery Centre in Lumsden;
- 15 inpatient treatment spaces at Muskwa Lake Wellness Camp;
- 15 withdrawal management spaces at Onion Lake Cree Nation;
- 15 inpatient and five withdrawal management spaces at Thorpe Recovery Centre near Lloydminster;
- 26 post-treatment spaces at St. Joseph’s Addiction Recovery Centre in Estevan;
- 32 intensive outpatient treatment spaces through Possibilities Recovery Center in Saskatoon;
- 14 inpatient addictions treatment spaces with Poundmaker’s Lodge in North Battleford; and
- 42 virtual spaces through EHN Canada.
The 2025-26 Provincial Budget invests a record $623 million in mental health and addiction supports and services. This is the largest investment in the province’s history for mental health and addictions supports.

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For more information, contact:

MIL OSI Canada News –
June 6, 2025
MIL-OSI USA: Securing a Healthier Future for SUNY Downstate
Source: US State of New York

overnor Kathy Hochul today received the Downstate Community Advisory Board proposal for the more than $1 billion State reinvestment in SUNY Downstate’s hospital. Following months of community input and engagement, the advisory board advanced a proposal that aims to stabilize and renovate the facility and deliver a modern hospital to Central Brooklyn.

“Central Brooklyn deserves world-class health care, and with this historic $1 billion investment, we’re securing a brighter, healthier future for SUNY Downstate and the communities it serves,” Governor Hochul said. “This plan was shaped by the voices of those who know and rely on Downstate — community members, faculty and staff — and their input was critical to getting this right. I’m grateful to SUNY and the advisory board for their commitment to building a strong, sustainable future SUNY Downstate, and I look forward to thoroughly reviewing the proposed plan.”

The proposal from the advisory board will:
- Retain all current inpatient and outpatient services, including maternity and kidney transplant services
- Convert all double occupancy rooms to private rooms with showers and add additional rooms, resulting in 225 operational beds (with the goal of increasing the current 165 average daily census)
- Modernize and expand the emergency department to 45 stations
- Establish/renovate dedicated inpatient specialty units for cardiology, oncology, and orthopedics
- Build a new hospital annex, including a state-of-the-art ambulatory surgery center that expands services in oncology and cardiology
- Address the mechanical, electrical, and plumbing infrastructure issues that have resulted in repeated system failures
- Improve leadership and operations to achieve greater operational sustainability
SUNY Chancellor John B. King Jr. said, “SUNY Downstate has long served as a cornerstone of care for Brooklynites – and as a result of Governor Hochul’s leadership and investment, it will continue to do so long into the future. Thank you to Governor Hochul, to the advisory board, and to every community member who contributed to this proposal that will ensure a strong and sustainable SUNY Downstate hospital for the communities we are proud to serve.”

The advisory board’s task was to consider recommendations to establish a reasonable, scalable and fiscally responsible plan for the financial health, viability, and sustainability of SUNY Downstate within a range of available funds.

The advisory board – consisting of healthcare and community leaders – worked throughout the past nearly six months to gather input and ideas directly from the community to inform the proposal. Over the course of their deliberations, the advisory board:
- Held four public hearings (one more than statutorily required) on January 22, February 27, March 13, and April 28, with two in Community Board #9 and two in Community Board #17
- Met with numerous community stakeholders including the SUNY Downstate Medical School Department Chairs, the Brooklyn for Downstate advocacy group (twice), the leadership at SUNY Downstate, and other regional healthcare providers
- Carefully reviewed analysis of the community health needs (including the Brooklyn for Downstate data needs analysis and recommendations for the future of SUNY Downstate, the Community Health Needs Assessment 2022 prepared by the NYC Health & Hospitals, and the New York State Department of Health’s Study of Healthcare System Inequities and Perinatal Access in Brooklyn report), Downstate Hospital’s financials, and the condition of Downstate Hospital’s physical plant
- Engaged a team of consultants to provide expert analysis, infrastructure assessment, financial modeling, architectural and engineering scenarios, and coordination, including ADENA Consulting Group, LLC, QPK Design, Ramboll, Ewing Cole, and Kaufman Hall. In addition, at stakeholders’ request, the advisory board engaged Deloitte to independently assess the reasonableness of the financial modeling and identify options to reduce the ongoing operating deficit.
After gathering public and stakeholder input over many months, the approach now recommended by the advisory board was presented to the public as an option under consideration at the fourth public hearing on April 28. View materials from the public hearings here.

Downstate’s hospital provides inpatient and outpatient health care services in Central Brooklyn and leads in research and scholarship to address health disparities in New York City and across the state.

Last year, SUNY Downstate’s hospital faced a $100 million annual deficit and was at risk of being unable to operate without additional funding, while contending with a hospital facility in disrepair and vulnerable to major crises, including recent major infrastructure incidents.

In response, Governor Hochul worked with the Legislature and SUNY to develop a plan to engage community leaders in developing a sustainable future for Downstate and provided a historic capital investment. The Governor championed $750 million in capital funding for SUNY Downstate’s hospital in the 2024-25 and 2025-26 Enacted State Budgets, and directed SUNY to dedicate its anticipated $50 million annual capital allocations in each of the next seven years to bring the total investment to more than $1 billion.

SUNY Downstate Health Sciences University President Dr. Wayne J. Riley said, “This plan represents an extraordinary investment in SUNY Downstate’s hospital and a bright future for our patients, our students, and our faculty and staff. I want to thank Governor Hochul, the Brooklyn legislative delegation, the SUNY Board of Trustees and Chancellor King, the faculty and staff of SUNY Downstate, and the faith leaders, labor organizations, and other community stakeholders who have worked together to envision a strong and achievable future for SUNY Downstate.”

SUNY Trustee and Chair of the Academic Medical Centers and Hospitals Committee Eric Corngold said, “SUNY is proud of the unique and important role SUNY Downstate plays in Central Brooklyn and New York State. We are committed to a strong and sustainable future for SUNY Downstate and grateful to Governor Hochul for a historic investment in SUNY Downstate’s hospital.”

New York State Health Commissioner Dr. James V. McDonald said, “Governor Hochul has shown a strong commitment to strengthening health care across New York—from expanding mental health services to supporting the nursing workforce and modernizing medical facilities. Investing in SUNY Downstate’s hospital is a critical step that will improve health outcomes and better serve the residents of Central Brooklyn.”

SUNY Downstate Chair of the Department of Community and Family Health Dr. Enitza George, M.D., MBA, MSAI. said, “After six months of working with the DCAB members, I believe these recommendations truly reflect our commitment to listening to the community. We carefully considered what’s needed and balanced it with what’s possible given the current funding. I’m genuinely excited about what’s next—for Brooklyn as a whole and for Downstate in particular.”

SUNY Downstate Community Advisory Board Member Pastor Louis Hilton Straker Jr. said, “Reinvesting in Downstate will not only mean improved care, it will also mean a sense of safety and dignity for Central Brooklynites. Over the last year, we’ve seen how different voices and perspectives can enter a room and come together to deliver for our communities. Let Downstate serve as a sign of hope on what we can do when New Yorkers stand by each other and insist on solutions.”

SUNY Downstate Community Advisory Board Member Dr. Lesly Kernisant said, “In my decades of caring for Brooklyn patients, a simple fact is clear: modern facilities and comprehensive services lead to improved care. This investment in SUNY Downstate’s future–which includes vital support for maternal health care–marks an important moment in the collective effort to reduce health disparities and secure a better future for our community.”

Senate Majority Leader Andrea Stewart-Cousins said, “Securing this historic investment in SUNY Downstate is a major victory for Brooklyn—preserving critical services, modernizing the hospital, and reaffirming our commitment to equitable, high-quality care. By establishing the Community Advisory Board, we ensured that the voices of patients, workers, and the community were central to every discussion about Downstate’s future. I applaud Senator Myrie and all my Brooklyn colleagues whose tireless advocacy made this moment possible and who continue to lead the charge toward the full revitalization of SUNY Downstate Medical Center.”

Assemblymember Amy Paulin said, “Securing $1 billion for Downstate is historic – I applaud Governor Hochul and the community leaders who helped shape this proposal. This is an important moment to be investing in our healthcare ecosystem, and Downstate’s modernization can serve as a model for vulnerable facilities across the state.”

Assemblymember Brian Cunningham said, “As the representative for Central Brooklyn and SUNY Downstate, I have made it a priority to advocate to Governor Hochul and legislative leaders for the investments this hospital needs to serve our community and the city. Through this year’s budget process, we fought to secure critical funding for Downstate and for the healthcare infrastructure that so many New Yorkers rely on. With federal threats to Medicaid mounting, this new commitment from the state could not be more important. I commend the Governor for her leadership in protecting access to care and driving equity across the healthcare system.

Assemblymember Rodneyse Bichotte Hermelyn said, “SUNY Downstate was founded 165 years ago, and served as a vital healthcare institution and safety-net hospital, helping over 300,000 Brooklynites annually, regardless of their ability to pay. In recent years, our borough’s only academic medical center kept trying to provide innovative, high-quality-care for all, while its 19th century infrastructure crumbled; putting the Downstate Hospital in serious peril; while leaving our most vulnerable constituents with next-to-nothing for healthcare. Gov. Hochul took decisive action, when other leaders swept this problem under the rug, and worked with the Brooklyn Delegation and our communities to deliver a one billion-dollar solution ensuring a bright future for SUNY Downstate and the Brooklynites who depend on it. Thank you to the Advisory Board for providing a blueprint to revitalize SUNY Downstate into a world-class, state-of-the-art health center that will truly save the lives of Brooklynites today and for decades to come.”

New York City Council Member Farah N. Louis said, “I wholeheartedly applaud Governor Hochul for this historic and transformative $1 billion investment in SUNY Downstate Medical Center—a bold commitment that demonstrates extraordinary leadership and responsiveness to the urgent needs of Central Brooklyn residents. Knowing that this funding will restore full inpatient and outpatient care over 200 beds is a massive achievement in our fight to save this institution. As our community continues to advocate for a transformative and responsive investment, I am proud that our concerns were heard to bring modernized facilities and high-quality services to the working-class families of Central Brooklyn. Governor Hochul listened to the needs of our neighborhoods and I look forward to the strengthening of this essential institution.”

New York City Council Member Mercedes Narcisse said, “This $1 billion investment and the restoration of 225 beds are crucial steps in ensuring Downstate stays open and continues to serve our community. I am deeply grateful to Governor Hochul for her leadership and unwavering commitment to preserving this essential healthcare institution in Central Brooklyn. By implementing the majority of the Downstate Community Advisory Board’s recommendations, we are listening to those who know best and ensuring a brighter, healthier future for all who rely on Downstate.”

Bishop Orlando Findlayter said, “We’ve seen private hospitals across the city close or limit services in recent years, which has been a rising threat to the healthcare of New Yorkers in underserved communities. But thanks to leadership from the Governor and our local community, Downstate will ensure the long-term commitment of all existing inpatient and outpatient services, and will serve as a beacon of care and community.”

Assemblymember Latrice Walker said, “The release of the Downstate Community Advisory proposal for the reinvestment of more than $1 billion is a victory for the entire Central Brooklyn community, including the constituents of my district who rely on SUNY Downstate Hospital. I’d like to thank all the people who have fought so hard to get us to this point. That includes advocates, SUNY leadership, lawmakers, union leaders, and members of the faith and medical communities. And, of course, we would not be at this critical juncture without the leadership of Gov. Kathy Hochul. The proposal, which follows months of community input, retains kidney transplant and maternity services – which are priorities for my community, as we battle high rates of diabetes and fight for better Black maternal health outcomes. I look forward to the modernization of the emergency department, infrastructure upgrades and many other improvements stemming from the proposal. We have collectively struck a decisive blow in the ongoing effort to combat health disparities in Brooklyn communities of color. The quality of one’s care should not be determined by zip code.”

MIL OSI USA News –
June 6, 2025
MIL-OSI USA: Fellowship Allows NYS Artists to Partner with State Agencies
Source: US State of New York

overnor Kathy Hochul announced the launch of a new opportunity for New York State artists to partner with State agencies to develop innovative engagement for key state initiatives. Administered by the New York State Council on the Arts (NYSCA), the State of the Arts Fellowship will bring artists and State government together to foster community connection, enhance public spaces, and amplify vital public service initiatives.

“New York State artists inspire audiences worldwide with their artistry and innovation and are one of our most important resources,” Governor Hochul said. “By combining our renowned creative talent with our hard-working State agencies, we will discover new solutions to important state initiatives.”

Guidelines for the program are available at arts.ny.gov/SOAfellow. The deadline is July 8, 2025 at 5:00 p.m. Fellows will be announced by fall 2025.

The State of the Arts Fellowship will embed selected artists within three State agencies for year-long residencies beginning in fall 2025. Artists from all disciplines — including visual, performance, literature, film, and interdisciplinary practices — are invited to apply for this unique opportunity.

The inaugural placements are:
- Office of General Services (OGS): revitalizing the Empire State Plaza through creative, community focused programming. (Albany)
- Office of Mental Health (OMH): destigmatizing mental health issues and promoting access to OMH services. (at least one facility serving a rural upstate area and at least one in the NYC region)
- Office of Victim Services (OVS): working with underserved populations to reduce barriers to access the Fair Access to Victim Compensation Act. (Brooklyn or Albany)
Through a collaborative process, fellows will work closely with State agencies to address pressing issues and implement projects that leave a lasting impact on communities across New York. Fellows will be chosen by the host agency and NYSCA. Award amount per artist fellow is $60,000, inclusive of all project expenses.

New York State Council on the Arts Director Erika Mallin said, “NYSCA has long recognized the essential role that artists play in our state: as changemakers and futurists, as bridge builders between communities, and as teachers and leaders. We are so proud to lead this important program that will bring artists and government together to benefit the health and well-being of all New Yorkers.”

New York State Office of General Services Commissioner Jeanette Moy said, “OGS is proud to be among the state agencies selected to participate in the State of the Arts Fellowship hosted by NYSCA. Through this collaboration, OGS will be exploring placemaking strategies for the Empire State Plaza to deepen our connection with neighboring communities and enhance our public spaces to be more welcoming, vibrant, and reflective of the people we serve. This work will guide and inform future decision making across our entire portfolio. I would like to thank Governor Hochul and NYSCA for their dedication to finding new ways to engage with our state’s communities through this innovative program.”

New York State Office of Mental Health Commissioner Dr. Ann Sullivan said, “We are deeply thankful to be among the agencies chosen by the New York State Council on the Arts to host an artist fellowship. This collaborative work will provide a new and creative approach to de-stigmatizing mental health and demonstrating recovery is both possible and accessible. Portraying individuals in recovery will acknowledge the progress they’ve made and inspire others. This fellowship represents Governor Hochul’s innovative approach to using the arts to promote the important work our state agencies undertake to help and serve New Yorkers.”

New York State Office of Victim Services Director Bea Hanson said, “Art has the power to transcend barriers and bring people together. We are thrilled to participate in the Artist Fellowship program, which will help us to better connect with victims and survivors of crime and improve access to the critical financial assistance available through OVS. I thank Governor Hochul and the Council on the Arts for their support and vision in creating this program.”

About the New York State Council on the Arts
The mission of the New York State Council on the Arts is to foster and advance the full breadth of New York State’s arts, culture and creativity for all. For FY 2026, the Council on the Arts will award over $161 million, serving organizations and artists across all 10 of the state’s regions. The Council on the Arts further advances New York’s creative culture by convening leaders in the field and providing organizational and professional development opportunities and informational resources. Created by Governor Nelson Rockefeller in 1960 and continued with the support of Governor Hochul and the New York State Legislature, the Council is an agency that is part of the Executive Branch. For more information on NYSCA, please visit arts.ny.gov/SOAfellow, and follow NYSCA’s Facebook page, on X @NYSCArts and Instagram @NYSCouncilontheArts.

MIL OSI USA News –
June 6, 2025
MIL-OSI USA: Federal Reserve Board announces approval of application by CACEIS Bank

Source: US State of New York Federal Reserve

Official websites use .govA .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPSA lock (
Lock
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) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

MIL OSI USA News –

June 6, 2025
MIL-OSI USA: Attorney Bonta Issues Builder’s Remedy Legal Alert: Local Governments Must Comply with California Housing Law
Source: US State of California

Alert emphasizes the importance of lawful and consistent processing of Builder’s Remedy applications across California

OAKLAND — California Attorney General Rob Bonta today issued a legal alert to help California local officials understand the importance of the consistent statewide interpretation and application of California’s Housing Accountability Act (HAA) — including local governments’ responsibility to timely process Builder’s Remedy applications. In the alert, Attorney General Bonta analyzes two recent court cases involving the cities of La Cañada Flintridge and Goleta to explain these responsibilities and highlight that local governments’ faithful and expedient discharge of their duties is essential to resolving California’s housing shortage crisis and making housing more affordable for all Californians.

“California courts have been very clear about the interpretation of California housing law and the responsibility of local governments to follow the law and swiftly process Builder’s Remedy applications,” said Attorney General Bonta. “The legal alert today is intended to ensure local governments understand their responsibility to facilitate affordable housing: California expects nothing less and is committed to ensuring that all cities and counties are part of the solution — no exceptions.”

Background on Housing Element and the Builders Remedy

Under the state’s Housing Element Law, every city and county in California must periodically update its housing element to meet its share of the regional and statewide housing needs. Among other things, a compliant housing element must include an assessment of housing needs, an inventory of resources and constraints relevant to meeting those needs, and a program to implement the policies, goals, and objectives of the housing element.

Under California’s HAA, failure to adopt a timely and compliant local housing plan triggers the so-called “Builder’s Remedy.” Under the HAA’s Builder’s Remedy provision, local governments subject to the Builder’s Remedy may not deny certain housing projects — in particular, those that include certain thresholds of low- or moderate-income units — for inconsistency with zoning or land use designation. While developers have submitted dozens of Builder’s Remedy applications in the past years, many noncompliant jurisdictions have been failing to process those applications in a timely fashion, leaving the state of California no choice but to step in.

In the legal alert today, Attorney General Bonta highlights the results of two cases that make clear local governments’ responsibility and legal duty to process builders remedy applications.

Cal. Housing Defense Fund v. City of La Cañada Flintridge

In 2023, Attorney General Bonta, Governor Newsom, and the California Department of Housing and Community Development (HCD) filed a request to intervene in Cal. Housing Defense Fund v. City of La Cañada Flintridge, in order to uphold California’s housing laws, and reverse the City of La Cañada Flintridge’s denial of a mixed-use affordable housing project after it failed to comply with Housing Element Law between October 15, 2021 and November 17, 2023 — also the time period in which the project’s application was considered. The affordable housing project, pursuant to the Builder’s Remedy, would bring approximately 80 mixed-income residential dwelling units, 14 hotel units, and 7,791 square feet of office space to the community.

In 2024, the court held that La Cañada Flintridge did not have a housing element in substantial compliance with state law at the time a Builder’s Remedy application was submitted and ordered the City to process the application in accordance with the law. La Cañada Flintridge appealed this decision and was subsequently ordered to either post an appeal bond of $14 million or dismiss its appeal. La Cañada Flintridge dismissed its appeal.

The key takeaways in this case include:
- A Builder’s Remedy application vests at the time of submission of a SB 330 preliminary development application — a city cannot ‘backdate’ its housing element compliance date to an earlier date so as to avoid approving a Builder’s Remedy application.
- The refusal to process a timely Builder’s Remedy application is a violation of the HAA.
Shelby Family Partnership, L.P. v. City of Goleta

In 2024, Attorney General Bonta filed an amicus brief in support of a proposed affordable housing project in Goleta — a city located in Santa Barbara County that is experiencing an acute housing shortage. A housing development project by the Shelby Family Partnership would have created 56 single-family homes, 13 of which would be affordable to lower-income households. In 2023, Goleta unlawfully refused to process an SB 330 preliminary application, seeking to add the aforementioned affordable homes, based on its theory that SB 330 applies only to “new” projects.

On February 26, 2025, the superior court issued an order requiring Goleta to process the at-issue affordable housing project pursuant to state law, finding that:
- SB 330 is not limited only to “new” development projects and does not prevent applicants from amending an existing project — including submitting an application under the Builder’s Remedy; and
- Local governments cannot disapprove qualifying housing development projects, except in narrowly defined circumstances pursuant to the HAA.
The legal alert goes on to explain consequences for the failure to properly implement in the Builder’s Remedy, such as a referral to and intervention by the Attorney General and penalties under the HAA — including a minimum fine of $10,000 per unit of the proposed project. If a local government appeals a court order finding that the local government violated the HAA, the local government must post an appeal bond or dismiss its appeal. The appeal bond guarantees that a project remains financially viable if the city or county loses the appeal. In 2024, La Cañada Flintridge appealed the decision ordering it to process a lawful builder’s remedy application, and was ordered to either post an appeal bond of $14 million or dismiss its appeal. La Cañada Flintridge dismissed its appeal. These consequences emphasize the importance of the HAA and California’s intent to further promote housing development projects.

The full legal alert can be found here.

MIL OSI USA News –
June 6, 2025
MIL-OSI USA: Final of 14 Individuals Sentenced for Dog Fighting
Source: US State of California

Following a final sentencing hearing today, all 14 defendants convicted in a large-scale federal dog fighting case in Albany, Georgia, have been sentenced to a total of 343 months in prison for dog fighting and other charges.

“Dog fighting is an odious form of organized crime, and it’s a magnet for other criminal activity,” said Acting Assistant Attorney General Adam Gustafson of the Justice Department’s Environment and Natural Resources Division. “The Justice Department and its local partners, such as the Seminole County, Georgia, Sheriff’s Office, will not tolerate this callous criminal activity.”

“The brutality of dog fighting, combined with armed drug distribution, negatively affects our community,” said Acting U.S. Attorney C. Shanelle Booker for the Middle District of Georgia. “The collaboration among law enforcement agencies at every level during this investigation and prosecution was essential in bringing these defendants to justice and rescuing abused animals.”

“The Office of Inspector General is committed to working with all of our law enforcement and prosecutorial partners in pursuing individuals who choose to participate in animal fighting activities and engage in violations involving animal welfare,” said Special Agent in Charge Miles Davis of the Department of Agriculture Office of Inspector General (USDA-OIG).

Details of the total sentencings is below:
- Donnametric Miller, of Donalsonville, Georgia – 100 months in prison;
- Fredricus White, of Panama City, Florida – 35 months in prison
- Christopher Travis Beaumont, of Panama City, Florida – 30 months in prison;
- Marvin Pulley, of Donalsonville, Georgia – 30 months in prison;
- Cornelious Johnson, of Panama City, Florida – 27 months in prison;
- Terelle Ganzy, of Panama City, Florida – 24 months in prison;
- Willie Russell, of Blakely, Georgia – 24 months in prison;
- Brandon Baker, of Panama City, Florida – 20 months in prison;
- Terrance Davis, of Pansey, Alabama – 20 months in prison;
- Tamichael Elijah, of Donalsonville, Georgia – 18 months in prison;
- Timothy Freeman, of Bainbridge, Georgia – time served (15 months in prison);
- Herman Buggs Jr., of Donalsonville, Georgia – time served (two weeks in prison);
- Rodrecus Kimble, of Donalsonville, Georgia – one year home confinement; and
- Gary Hopkins, of Donalsonville, Georgia – six months home confinement.
In addition to prison sentences, the court also imposed restitution for the costs of care of dogs rescued in this investigation. Under federal law, it is illegal to fight dogs in a venture that affects interstate commerce and to possess, train, transport, deliver, sell, purchase or receive dogs for fighting purposes.

According to court documents filed in this case, defendants from three states all converged on a property in Donalsonville, Georgia, on April 24, 2022, where they held a large-scale dog fighting event. Law enforcement disrupted the event after a 911 call and rescued 27 dogs that night, including one found in the blood-soaked fighting pit with severe injuries who soon died. The participants used their cars to store injured dogs who had already been fought, as well as those whose handlers were awaiting their turn in the fighting pit. Law enforcement personnel also seized a distribution quantity of methamphetamine.

Seized cell phones in this case contained evidence of some of the participants’ extensive participation in the dog fighting “industry,” including large group dog fighting text message chains, fight reports, and dog fighting videos and photos, including one of a dog who had been hung to death in a garage. Authorities seized and rescued 78 pit bull-type dogs altogether in this investigation, including 51 recovered during search warrants executed with arrest warrants this spring, sparing them from similar fates.

The USDA-OIG and detectives with the Seminole County, Georgia, Sheriff’s Office investigated the case. Detectives with the Bay County, Florda, Sheriff’s Office also provided assistance.

Senior Trial Attorney Ethan Eddy and Trial Attorney Leigh Rendé of ENRD’s Environmental Crimes Section are prosecuting the case with assistance from Criminal Chief Leah McEwen of the U.S. Attorney’s Office for the Middle District of Georgia. Assistant U.S. Attorney Michael Morrill and Paralegal Kristi Cote for the Middle District of Georgia handled a parallel civil forfeiture proceeding to ensure that the dogs did not have to be returned to the defendants. The Seized Canine Program of the U.S. Marshals Service cared for the rescued dogs pending legal process.

MIL OSI USA News –
June 6, 2025
MIL-OSI Security: Final of 14 Individuals Sentenced for Dog Fighting
Source: United States Attorneys General 7

Following a final sentencing hearing today, all 14 defendants convicted in a large-scale federal dog fighting case in Albany, Georgia, have been sentenced to a total of 343 months in prison for dog fighting and other charges.

“Dog fighting is an odious form of organized crime, and it’s a magnet for other criminal activity,” said Acting Assistant Attorney General Adam Gustafson of the Justice Department’s Environment and Natural Resources Division. “The Justice Department and its local partners, such as the Seminole County, Georgia, Sheriff’s Office, will not tolerate this callous criminal activity.”

“The brutality of dog fighting, combined with armed drug distribution, negatively affects our community,” said Acting U.S. Attorney C. Shanelle Booker for the Middle District of Georgia. “The collaboration among law enforcement agencies at every level during this investigation and prosecution was essential in bringing these defendants to justice and rescuing abused animals.”

“The Office of Inspector General is committed to working with all of our law enforcement and prosecutorial partners in pursuing individuals who choose to participate in animal fighting activities and engage in violations involving animal welfare,” said Special Agent in Charge Miles Davis of the Department of Agriculture Office of Inspector General (USDA-OIG).

Details of the total sentencings is below:
- Donnametric Miller, of Donalsonville, Georgia – 100 months in prison;
- Fredricus White, of Panama City, Florida – 35 months in prison
- Christopher Travis Beaumont, of Panama City, Florida – 30 months in prison;
- Marvin Pulley, of Donalsonville, Georgia – 30 months in prison;
- Cornelious Johnson, of Panama City, Florida – 27 months in prison;
- Terelle Ganzy, of Panama City, Florida – 24 months in prison;
- Willie Russell, of Blakely, Georgia – 24 months in prison;
- Brandon Baker, of Panama City, Florida – 20 months in prison;
- Terrance Davis, of Pansey, Alabama – 20 months in prison;
- Tamichael Elijah, of Donalsonville, Georgia – 18 months in prison;
- Timothy Freeman, of Bainbridge, Georgia – time served (15 months in prison);
- Herman Buggs Jr., of Donalsonville, Georgia – time served (two weeks in prison);
- Rodrecus Kimble, of Donalsonville, Georgia – one year home confinement; and
- Gary Hopkins, of Donalsonville, Georgia – six months home confinement.
In addition to prison sentences, the court also imposed restitution for the costs of care of dogs rescued in this investigation. Under federal law, it is illegal to fight dogs in a venture that affects interstate commerce and to possess, train, transport, deliver, sell, purchase or receive dogs for fighting purposes.

According to court documents filed in this case, defendants from three states all converged on a property in Donalsonville, Georgia, on April 24, 2022, where they held a large-scale dog fighting event. Law enforcement disrupted the event after a 911 call and rescued 27 dogs that night, including one found in the blood-soaked fighting pit with severe injuries who soon died. The participants used their cars to store injured dogs who had already been fought, as well as those whose handlers were awaiting their turn in the fighting pit. Law enforcement personnel also seized a distribution quantity of methamphetamine.

Seized cell phones in this case contained evidence of some of the participants’ extensive participation in the dog fighting “industry,” including large group dog fighting text message chains, fight reports, and dog fighting videos and photos, including one of a dog who had been hung to death in a garage. Authorities seized and rescued 78 pit bull-type dogs altogether in this investigation, including 51 recovered during search warrants executed with arrest warrants this spring, sparing them from similar fates.

The USDA-OIG and detectives with the Seminole County, Georgia, Sheriff’s Office investigated the case. Detectives with the Bay County, Florda, Sheriff’s Office also provided assistance.

Senior Trial Attorney Ethan Eddy and Trial Attorney Leigh Rendé of ENRD’s Environmental Crimes Section are prosecuting the case with assistance from Criminal Chief Leah McEwen of the U.S. Attorney’s Office for the Middle District of Georgia. Assistant U.S. Attorney Michael Morrill and Paralegal Kristi Cote for the Middle District of Georgia handled a parallel civil forfeiture proceeding to ensure that the dogs did not have to be returned to the defendants. The Seized Canine Program of the U.S. Marshals Service cared for the rescued dogs pending legal process.

MIL Security OSI –
June 6, 2025
MIL-OSI: Arovia Returns to Kickstarter with the Splay Max – The Ultimate Portable 2-in-1 Display and Projector
Source: GlobeNewswire (MIL-OSI)

HOUSTON, June 05, 2025 (GLOBE NEWSWIRE) — Arovia, the Texas-based innovators behind the award-winning, patent-granted Splay portable display, is back with a bigger, bolder sequel: Splay Max. Launching today on Kickstarter, Splay Max is a fully collapsible, ultra-portable 2-in-1 device that functions as both a full HD display and a high-performance projector, delivering large-screen impact for work, play, and everything in between.

Building on community feedback from the original Splay, Arovia designed the Splay Max with a dramatically 2x, larger 35-inch screen in display mode and up to 100 inches in projector mode, all while folding down to the size of a headphone case. For the next 45 days, backers can secure Splay Max on Kickstarter for just $799, a nearly 50% discount from its anticipated $1,499 retail price.

“Our original backers shaped the future of portable displays,” said Alex Wesley, CEO and Co-Founder of Arovia. “They told us what they needed: something bigger, just as portable, and even more versatile. We listened, we engineered, and now we’re thrilled to bring Splay Max to life.”

Splay Max is more than just a bigger screen. It’s an ultra-portable, collapsible solution that offers:
- 35” Full HD Display Mode (1920×1080 resolution)
- Projector Mode up to 80” with auto keystone correction
- Ultra-portable and collapsible form factor
- Built-in speakers and rechargeable battery
- Glare-free, low blue light award-winning nanomaterial screen for eye comfort
- Tripod compatible for flexible projector setups
Designed for both professionals and everyday users, Splay Max is ideal for business presentations, government field work, remote collaboration, digital nomad setups, camping trips, outdoor movies, and portable gaming.

Arovia is inviting early adopters, tech lovers, and mobile professionals to be among the first to experience Splay Max by backing the project on Kickstarter before the campaign ends in mid-July

To back the project or learn more, visit: www.arovia.com

Kickstarter link: https://www.kickstarter.com/projects/splaydisplay/1610772056?ref=d3dc3n&token=3198e2b6

YouTube: @splay2182

For press inquiries or review units, please contact:

Chris Herbert
Pendulum PR
cherbert@pendulum-pr.com
614-448-8703

A video accompanying this release is available here: https://www.globenewswire.com/NewsRoom/AttachmentNg/98f6cfc2-96b4-4b9c-9b79-1296e8aba35f

The MIL Network –
June 6, 2025
MIL-OSI Global: The proposed Strong Borders Act gives police new invasive search powers that may breach Charter rights

Source: The Conversation – Canada – By Robert Diab, Professor, Faculty of Law, Thompson Rivers University

The new Liberal government has tabled its first bill in Parliament, the Strong Borders Act, or Bill C-2. Buried within it are several new powers that give police easier access to our private information.

The bill responds to recent calls to beef up the enforcement of our border with the United States. It gives customs and immigration officials new powers: to search items being exported, like potentially stolen vehicles, and to deport migrants believed to be abusing Canada’s refugee protections.

New police powers

But while facing pressure from the U.S. to act, the Canadian government is using the apparent urgency of the moment to give police and intelligence agents a host of new powers to search our private data — powers that have nothing to do with the border.

Some of them are already controversial and will no doubt be tested in the Supreme Court of Canada, if and when they’re passed. But many have also been on the wish list of previous governments, as part of “lawful access” bills that would make it easier for police to obtain details about a person’s online activity in cases involving child pornography, financial or gang-related crime.

Why now? Why make another attempt to lower the barriers to police access to private data? And what is the controversy over these new powers?

Gaps in the law

The Charter of Rights and Freedoms protects the right to privacy of anyone in Canada. Police need authority — explicit permission set out somewhere in the law — to carry out a search or seizure of our private data for an investigative purpose.

A law that allows police to do this must itself be reasonable, in the sense of striking the right balance between law enforcement and individual privacy.

For the first 20 years of the web, it wasn’t clear what the police could or couldn’t do to gather information about us online.

The Supreme Court held in 2014 that when police ask Shaw or Telus to give them a name attaching to an online account, this amounts to a search. While a person’s name and address may not reveal much on its own, the court held, it opens a door to something very private: a person’s entire search history.

But the court in that case did not decide what kind of power police needed to make this demand, only that police need permission in law to make it.

In Canadian law, requesting a name and address attached to an online account amounts to a search.
(Shutterstock)

In 2024, the Supreme Court held that when police ask for an internet protocol (IP) address linked to a person’s online activity, even that is private because it can open a window onto a lot more personal information.

Police have been using warrant provisions in the Criminal Code to make a demand for an IP address, or the name and address linked to an online account. To get a warrant, in most cases, they need to show a judge they have reason to believe a crime has been committed that is linked to the account — in other words, they must show probable cause.

Police have complained about how difficult this can be in some cases. They’ve long been calling for more tools.

Expansive new powers

The Strong Borders Act makes it easier for police and other state agents in a few ways.

It will be easier to get a warrant because the new bill allows police to ask service providers like Shaw or Telus — without a warrant — whether they have information about an IP address or a person’s account.

To then obtain that information, police need a warrant — but on the lower standard of reasonable suspicion of a crime, instead of probable cause. This can also apply to foreign entities like Google or Meta.

Canadian Security Intelligence Service agents can ask a provider like Shaw or Google whether they have information about an account holder on no grounds at all. But in this case, the person of interest can’t be a citizen or a permanent resident.

Compelling providers

More concerning are powers in the bill compelling companies like Google or Apple, along with Shaw and Telus, to assist police in obtaining access to private data.

Any company that provides Canadians with a service that stores or transmits information in digital form — pretty much anything we do on a phone or computer — can be ordered to help police gain immediate access to our data.

The bill does this by stipulating that a company can be told to install “any device, equipment or other thing that may enable an authorized person to access information.”

There are important limits on this. Police can only gain access if they have a warrant or other lawful permission. And a service provider need not comply with any order that would “introduce a systemic vulnerability,” like compelling them to install a backdoor to encryption.

But the point is that these new powers compel companies to implement “capabilities” for “extracting… information that is authorized to be accessed.” They turn the brands we have an intimate relationship with — gmail, iCloud, Instagram and many others — into tools of the state.

Future challenges

For some of us, the thought that Apple or Google can now be conscripted to serve as a state agent to facilitate ready access to private data is unsettling. Even if there are safeguards.

Courts will have to decide at some point whether searches conducted under these new powers strike a reasonable balance between law enforcement and personal privacy. Courts have held that our privacy interest in personal data is high.

Whether police interest in quicker and easier access to that data in certain cases is equally high is an open question. But one thing is clear: it doesn’t seem to have much to do with the border.

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

– ref. The proposed Strong Borders Act gives police new invasive search powers that may breach Charter rights – https://theconversation.com/the-proposed-strong-borders-act-gives-police-new-invasive-search-powers-that-may-breach-charter-rights-258257

MIL OSI – Global Reports –

June 6, 2025
MIL-OSI Africa: African Medical Centre of Excellence (AMCE) Opens its Doors to the Public as it Seeks to Transform Healthcare in Africa

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

ABUJA, Nigeria, June 5, 2025/APO Group/ —

The African Medical Centre of Excellence (AMCE) officially opened today, marking a historic milestone in Africa’s journey towards healthcare sovereignty. The US$300 million tertiary medical facility, developed by African Export-Import Bank (Afreximbank) (www.Afreximbank.com) in partnership with King’s College Hospital London, welcomed His Excellency President Bola Ahmed Tinubu as guest of honour, represented by His Excellency, Senator Kashim Shettima, Vice President of the Federal Republic of Nigeria, alongside high-ranking Government and private sector officials, including the Minsters of Health, Finance, and Foreign Affairs, Nigeria Customs Services, Nigeria Immigration Services, Nigerian National Petroleum Corporation Limited (NNPCL) and Bank of Industry (BOI), among others.

Located in Abuja and designed to meet the highest global standards, AMCE Abuja offers world-class services across oncology, haematology, cardiology, and general medical services. More than a hospital, the facility represents a bold statement of Africa’s determination to reduce dependence on foreign health systems and reverse the estimated US$6-10 billion Africans spend annually seeking treatment abroad.

The opening of AMCE Abuja comes at a critical time, as Africa seeks to strengthen its healthcare systems and reduce reliance on external providers. The COVID-19 pandemic exposed the vulnerabilities of this reliance, with global supply shortages putting immense pressure on African nations. Similarly, past responses to health crises like Ebola have reinforced the urgent need for resilient, homegrown solutions. Decades after independence, millions of Africans continue to suffer from diseases like sickle cell and malaria, conditions that could be better managed with targeted local research and investment. Yet these illnesses often receive limited global attention or funding, leaving critical treatment gaps. AMCE Abuja represents a bold step forward, bringing world-class care to the continent, centering African health priorities, and laying the groundwork for a healthier, more self-reliant future. In strategic partnership with Bank of Industry (BOI), and Nigerian National Petroleum Corporation Limited (NNPCL), AMCE reflects what’s possible when African institutions unite with shared purpose.

“Today, we are not merely unveiling a building, we are making a bold, collective statement: we will no longer accept medical vulnerability as destiny. The African Medical Centre of Excellence stands as proof that Africa is ready to compete with the best in global healthcare. I commend Afreximbank and its visionary President, Professor Benedict Oramah, and salute the partnership with King’s College Hospital for turning this audacious dream into reality. This is what happens when African institutions confront African challenges with African solutions.

“Over the past two years, we have taken deliberate steps to transform Nigeria’s health sector—from unlocking the healthcare value chain through the Presidential Initiative (PVAC), to expanding pharmaceutical production, regulatory systems, and diagnostic access, and securing over $2.2 billion in new investments through the Nigeria Health Sector Renewal Initiative. But excellence must be sustained. That’s why we’re investing in the roads, power, and connectivity that enable great institutions to thrive. With the largest stem cell lab in West Africa and plans for a medical school, this Centre is more than a hospital, it is a place to heal the sick, and to train the future.” — H.E. Bola Ahmed Tinubu, GCFR, President and Commander-in-Chief of the Armed Forces, Federal Republic of Nigeria, represented by H.E. Senator Kashim Shettima, Vice President of the Federal Republic of Nigeria

Commenting on the momentous achievement, Prof. Benedict Oramah, President and Chairman of the Board of Directors of both Afreximbank and AMCE, thanked the Federal Government of Nigeria for providing the land on which the AMCE stands, adding: ” In 2013, I had my own close call when I became seriously ill and was evacuated to King’s College Hospital in London, where a frantic battle to save my life ensued. Being here today is a testament to the power of cutting-edge medical research, clinical knowledge, and a solid healthcare ecosystem. The event we mark today is proof that society is better off saving lives than burying its dead, and that it is a living person who can contribute to development and social transformation. This experience led me to conclude that one of the major contributions I could make to Africa was to help Afreximbank deliver on its health and medical strategy in every way possible. Our vision for the African Medical Centre of Excellence is not just to provide top-notch healthcare but to serve as a catalyst for the transformation of the African health sector, making a bold statement to the world that Africa is finally taking its destiny into its own hands in healthcare sovereignty and global standards.”

President Oramah also announced the launch of the Africa Life Sciences Foundation to act as the vehicle for mobilising appropriate risk capital to drive research efforts and called on African and non-African governments, banks, high net worth individuals and corporate organisations to join the Bank in investing in the hospital, through this platform.

Brian Deaver, Chief Executive Officer of AMCE, highlighted the facility’s comprehensive approach: “Today, we don’t just open a hospital—we launch a healthcare revolution for Africa. AMCE represents a paradigm shift in how specialised medical care is delivered on the continent. Our integrated model encompasses early diagnosis, advanced treatment, and long-term disease management, creating a seamless continuum of care that improves patient outcomes and health experiences.”

He added: “Our mission extends beyond treatment to include world-class medical education, groundbreaking research, and continuous innovation. By combining international expertise with local talent development, AMCE will build sustainable healthcare capacity that serves generations to come.

AMCE’s opening signals a new era for Africa — one in which self-reliance replaces dependency, and world-class care is no longer the privilege of a few but the standard for many. By anchoring healthcare delivery, talent development, and innovation on the continent, AMCE is not just stemming the outflow of medical dollars, but redefining Africa’s place in the global health ecosystem.

Through its clinical partnerships with King’s College Hospital, London and The Christie NHS Foundation Trust, AMCE will be home to advance research, education, and medical excellence by fostering continuous knowledge exchange. In its next phase, AMCE will expand to include a second 350-bed hospital, medical and nursing schools, a medical sciences foundation, research centres, and residential facilities. Together, this integrated ecosystem will position Nigeria as a leading hub for specialist healthcare, medical training, and clinical research on the continent.

Professor Clive Kay, Chief Executive Officer of King’s College Hospital NHS Foundation Trust said, “We are proud to partner with Afreximbank on this important initiative. The African Medical Centre of Excellence represents a positive step forward, and by bringing together world-class clinical standards, training, and research, we aim to share our expertise and support the development of a sustainable model of care that responds directly to the needs of African patients”.

Now open, AMCE welcomes patients, healthcare professionals, researchers, and partners to join its mission of delivering world-class healthcare, fostering innovation, and building a healthier, more self-reliant Africa. AMCE is the largest specialised private hospital in Nigeria and West Africa focusing on cardiovascular services, haematology, comprehensive oncology, and general medical services. It currently boasts of 170 beds with a plan to expand this to 500 beds upon completion. It features the largest stem cell laboratory in the region, fifteen post stem cell isolation rooms in West Africa alongside five theatres and three catheterisation laboratories. It also features a 20 bed intensive care unit, six critical care unit beds and 20 chemotherapy chairs with compounding pharmacy among others. Some of the specialised equipment in Nigeria and the region are exclusively hosted by AMCE Abuja. They include the 18 Mev cyclotron, 3 Tesla Magnetic Resonance Imaging, 256 slices computed tomography, brachytherapy machine with iridium source, 4 biosafety cabinets and 128 slices computed tomography machines, among others.

MIL OSI Africa –

June 6, 2025

Category: KB

New police powers

Gaps in the law

Expansive new powers

Compelling providers

Future challenges