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  • MIL-OSI: Superior Energy Services Announces Third Quarter 2024 Results and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (the “Company”) filed its Form 10-Q for the period ended September 30, 2024. In accordance with the Company’s Shareholders Agreement, it will host a conference call with shareholders on November 1, 2024.

    For the third quarter of 2024, the Company reported net income from continuing operations of $21.9 million, or $1.09 per diluted share, with revenue of $197.3 million. This compares to net income from continuing operations of $29.5 million or $1.46 per diluted share, with revenue of $201.1 million, for the second quarter of 2024.

    The Company’s Adjusted EBITDA (a non-GAAP measure defined on page 4) was $57.8 million compared to $60.0 million for the second quarter of 2024. Refer to pages 11 and 12 for a reconciliation of Adjusted EBITDA to GAAP results.

    Third Quarter 2024 Geographic Breakdown

    U.S. land revenue was $36.0 million for the third quarter of 2024, a decrease of 8% compared to revenue of $39.0 million for the second quarter of 2024. The decline in U.S. land revenue was primarily driven by decreased activity from our premium drill pipe and bottom hole accessories product lines within our Rentals segment, consistent with a reduced U.S. land rig count.

    U.S. offshore revenue was $49.7 million in the third quarter of 2024, a decrease of 8% compared to revenue of $53.8 million in the second quarter of 2024. U.S. offshore revenue decreased primarily in our Well Services segments, with the most significant decline coming from our project-based completion services product line.  U.S. Offshore revenue in the Rentals segment for the third quarter of 2024 was up $1.6 million versus the second quarter of 2024, despite approximately $1.0 million of revenue slipping to the fourth quarter of 2024 due to hurricane activity in September.

    International revenue was $111.6 million in the third quarter of 2024, an increase of 3% compared to revenue of $108.4 million in the second quarter of 2024. International revenue was up across both our Rentals and Well Services segments, with the increase being driven by our hydraulic snubbing and well control services product lines.

    Third Quarter 2024 Segment Reporting

    The Rentals segment revenue in the third quarter of 2024 was $97.9 million, a 2% decrease compared to revenue of $99.9 million in the second quarter of 2024, primarily driven by reduced activity in U.S. land and hurricane disruptions in the U.S. offshore market. In the third quarter of 2024, Rentals segment income from operations was $43.9 million as compared to $44.1 million in the second quarter of 2024. Adjusted EBITDA was $55.9 million, a decrease from $56.0 million in the second quarter of 2024. Adjusted EBITDA Margin (a non-GAAP measure defined on page 4) was 57%, a 1% increase from the second quarter of 2024.

    The Well Services segment revenue in the third quarter of 2024 was $99.5 million, a 2% decrease compared to revenue of $101.2 million in the second quarter of 2024 and income from operations for the third quarter of 2024 was $3.8 million as compared to $10.7 million in the second quarter of 2024. Adjusted EBITDA for the third quarter of 2024 was $15.4 million with an Adjusted EBITDA Margin of 16%, as compared to Adjusted EBITDA of $19.1 million with an Adjusted EBITDA Margin of 19% in the second quarter of 2024. The Well Services segment sequential decline was primarily driven by lower activity in our project-based completion services product line.

    Liquidity

    As of September 30, 2024, the Company had cash, cash equivalents, and restricted cash of approximately $380.6 million.  As of September 30, 2024, our borrowing base, as defined in our credit agreement, was approximately $89.9 million, and we had $39.5 million in letters of credit outstanding which reduced the borrowing availability to $50.4 million. At September 30, 2024, we had no outstanding borrowings under our credit facility.

    During the third quarter of 2024, we utilized an indirect foreign exchange mechanism known as a Blue Chip Swap. The transactions were completed at implied exchange rates that were approximately 63.0% higher than the official exchange rate, resulting in a loss of approximately $5.1 million during the third quarter of 2024.

    During the third quarter of 2024, net cash from operating activities was $62.5 million. Free Cash Flow (a non-GAAP measure defined on page 4) for the third quarter of 2024 totaled $50.5 million as compared to $39.0 million for the second quarter of 2024. Refer to page 8 for a reconciliation of Free Cash Flow to Net Cash from Operating Activities.

    Third quarter 2024 capital expenditures were $12.0 million. The Company expects total capital expenditures for 2024 to be approximately $100 to $110 million. Approximately 91% of total 2024 capital expenditures are targeted for the replacement of existing assets.  Of the total estimated 2024 capital expenditures, approximately 68% is expected to be invested in the Rentals segment.

    2024 Guidance

    Our full year 2024 guidance remains consistent from the second quarter 2024 guidance. We expect 2024 revenue to come in at a range of $780 million to $840 million with 2024 Adjusted EBITDA expected to be in a range of $235 million to $265 million.

    Conference Call Information

    The Company’s management team will host a conference call on Friday, November 1, 2024, at 10:00 a.m. Eastern Time. The call will be available via live webcast in the “Events” section at ir.superiorenergy.com. To access via phone, participants can register for the call here, where they will be provided a phone number and access code. The call will be available for replay until November 1, 2025 on Superior’s website at ir.superiorenergy.com. If you are a shareholder and would like to submit a question, please email your question beforehand to Jamie Spexarth at ir@superiorenergy.com.

    About Superior Energy Services

    Superior Energy Services serves the drilling, completion and production-related needs of oil and gas companies worldwide through a diversified portfolio of specialized oilfield services and equipment that are used throughout the economic life cycle of oil and gas wells.  For more information, visit: www.superiorenergy.com.

    Non-GAAP Financial Measures

    To supplement Superior’s consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States (“GAAP”), the Company also uses Adjusted EBITDA and Adjusted EBITDA Margin. Management uses Adjusted EBITDA and Adjusted EBITDA Margin internally for financial and operational decision-making and as a means to evaluate period-to-period comparisons. The Company also believes these non-GAAP measures provide investors useful information about operating results, enhance the overall understanding of past financial performance and future prospects, and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making. Non-GAAP financial measures are not recognized measures for financial statement presentation under U.S. GAAP and do not have standardized meanings and may not be comparable to similar measures presented by other public companies. Adjusted EBITDA and Adjusted EBITDA Margin should be considered as supplements to, and not as substitutes for, or superior to, the corresponding measures calculated in accordance with GAAP. We define Adjusted EBITDA as net income (loss) from continuing activities before net interest expense, income tax expense (benefit) and depreciation, amortization, accretion and depletion, restructuring and transaction expenses, adjusted for other gains and losses and other expenses, net, which management does not consider representative of our ongoing operations. We define Adjusted EBITDA Margin as Adjusted EBITDA by segment as a percentage of segment revenues. For a reconciliation of Adjusted EBITDA to net income, the most directly comparable GAAP financial measure, please see the tables under “―Superior Energy Services, Inc. and Subsidiaries Reconciliation of Adjusted EBITDA” and “—Superior Energy Services, Inc. and Subsidiaries Reconciliation of Adjusted EBITDA by Segment” included on pages 11 and 12 of this press release.

    Free Cash Flow is defined as net cash from operating activities less payments for capital expenditures. Free Cash Flow is considered a non-GAAP financial measure under the SEC’s rules. Management believes, however, that Free Cash Flow is an important financial measure for use in evaluating the Company’s financial performance, as it measures our ability to generate additional cash from our business operations. Free Cash Flow should be considered in addition to, rather than as a substitute for, net income as a measure of our performance or net cash provided by operating activities as a measure of our liquidity. Additionally, our definition of Free Cash Flow is limited and does not represent residual cash flows available for discretionary expenditures due to the fact that the measure does not deduct the payments required for debt service and other obligations or payments made for business acquisitions. Therefore, we believe it is important to view Free Cash Flow as supplemental to our entire Statement of Cash Flows. Please see table under “—Condensed Consolidated Statements of Cash Flows” included on page 8 of this press release.

    The Company is unable to provide a reconciliation of the forward-looking non-GAAP financial measure, Adjusted EBITDA, contained in this press release to its most directly comparable GAAP financial measure, net income, as the information necessary for a quantitative reconciliation of the forward-looking non-GAAP financial measure to its respective most directly comparable GAAP financial measure is not (and was not, when prepared) available to the Company without unreasonable efforts due to the inherent difficulty and impracticability of predicting certain amounts required by GAAP with a reasonable degree of accuracy. Net income includes the impact of depreciation, income taxes and certain other items that impact comparability between periods, which may be significant and are difficult to project with a reasonable degree of accuracy. In addition, we believe such reconciliation could imply a degree of precision that might be confusing or misleading to investors. The probable significance of providing this forward-looking non-GAAP financial measure without the directly comparable GAAP financial measure is that such GAAP financial measure may be materially different from the corresponding non-GAAP financial measure.

    Forward-Looking Statements

    This press release contains, and future oral or written statements or press releases by the Company and its management may contain, certain forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Generally, the words “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks”, “will,” “could,” “may” and “estimates,” variations of such words and similar expressions identify forward-looking statements, although not all forward-looking statements contain these identifying words. All statements other than statements of historical fact regarding the Company’s financial position and results, financial performance, liquidity, market outlook, future capital needs, capital allocation plans, business strategies and other plans and objectives of our management for future operations and activities are forward-looking statements. These statements are based on certain assumptions and analyses made by the Company’s management in light of its experience and prevailing circumstances on the date such statements are made. Such forward-looking statements, and the assumptions on which they are based, are inherently speculative and are subject to a number of risks and uncertainties, including but not limited to conditions in the oil and gas industry, U.S. and global market and economic conditions generally and macroeconomic conditions worldwide (including inflation, interest rates, supply chain disruptions and capital and credit markets conditions) and other uncertainties (such as the war in Ukraine and conflict in Israel and broader geopolitical tensions in the Middle East and eastern Europe)  that could cause the Company’s actual results to differ materially from such statements. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of the Company, which could cause actual results to differ materially from such statements.

    While the Company believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business.

    These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties described in the Company’s Form 10-K for the year ended December 31, 2023 and subsequent reports on Form 10-Qs and those set forth from time to time in the Company’s other periodic filings with the Securities and Exchange Commission, which are available at www.superiorenergy.com. Except as required by law, the Company expressly disclaims any intention or obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.

    SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (in thousands, unaudited)
                                 
      Three Months Ended     Nine Months Ended  
      September 30,     June 30,     September 30,     September 30,  
      2024     2024     2023     2024     2023  
                                 
    Rentals $ 97,857     $ 99,851     $ 113,201     $ 305,799     $ 334,433  
    Well Services   99,450       101,230       97,184       301,223       340,562  
    Total revenues   197,307       201,081       210,385       607,022       674,995  
                                 
    Rentals   35,227       36,596       37,769       109,589       109,258  
    Well Services   74,172       71,672       72,076       214,717       239,062  
    Total cost of revenues   109,399       108,268       109,845       324,306       348,320  
                                 
    Depreciation, depletion, amortization and accretion   21,077       20,868       20,490       62,392       61,250  
    General and administrative expenses   33,458       33,404       30,089       101,837       92,256  
    Restructuring and transaction expenses   5,891       –       –       5,891       1,983  
    Other gains, net   (133 )     (614 )     (4,073 )     (1,829 )     (5,424 )
    Income from operations   27,615       39,155       54,034       114,425       176,610  
                                 
    Other income (expense):                            
    Interest income, net   5,032       5,760       6,629       17,632       18,581  
    Loss on Blue Chip Swaps   (5,113 )     –       (12,120 )     (5,113 )     (12,120 )
    Other income (expense)   979       (2,082 )     (4,520 )     (2,916 )     (8,508 )
    Income from continuing operations before income taxes   28,513       42,833       44,023       124,028       174,563  
    Income tax expense   (6,597 )     (13,370 )     (11,403 )     (34,754 )     (44,615 )
    Net income from continuing operations   21,916       29,463       32,620       89,274       129,948  
    Income from discontinued operations, net of income tax   –       1,896       128       1,896       408  
    Net income $ 21,916     $ 31,359     $ 32,748     $ 91,170     $ 130,356  
                                 
    Income per share – basic:                            
    Net income from continuing operations $ 1.09     $ 1.46     $ 1.62     $ 4.43     $ 6.46  
    Income from discontinued operations, net of income tax   –       0.09       0.01       0.09       0.02  
    Net income $ 1.09     $ 1.55     $ 1.63     $ 4.52     $ 6.48  
                                 
    Income per share – diluted                            
    Net income from continuing operations $ 1.09     $ 1.46     $ 1.62     $ 4.42     $ 6.45  
    Income from discontinued operations, net of income tax   –       0.09       –       0.10       0.02  
    Net income $ 1.09     $ 1.55     $ 1.62     $ 4.52     $ 6.47  
                                 
    Weighted-average shares outstanding                            
    Basic   20,177       20,172       20,136       20,170       20,123  
    Diluted   20,186       20,183       20,159       20,182       20,144  
                                           
    SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
    CONSOLIDATED BALANCE SHEETS
    (in thousands, unaudited)
               
      September 30,     December 31,  
      2024     2023  
    ASSETS          
    Current assets:          
    Cash and cash equivalents $ 325,881     $ 391,684  
    Accounts receivable, net   200,106       276,868  
    Inventory   70,293       74,995  
    Income taxes receivable   13,383       10,542  
    Prepaid expenses   23,363       18,614  
    Other current assets   7,765       7,922  
    Total current assets   640,791       780,625  
    Property, plant and equipment, net   306,285       294,960  
    Note receivable   72,694       69,005  
    Restricted cash   54,707       85,444  
    Deferred tax assets   59,555       67,241  
    Other assets, net   42,319       43,718  
    Total assets $ 1,176,351     $ 1,340,993  
               
    LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)          
    Current liabilities:          
    Accounts payable $ 38,897     $ 38,214  
    Accrued expenses   106,203       103,782  
    Income taxes payable   20,100       20,220  
    Decommissioning liability   30,747       21,631  
    Total current liabilities   195,947       183,847  
    Decommissioning liability   140,030       148,652  
    Other liabilities   38,599       47,583  
    Total liabilities   374,576       380,082  
               
    Total equity   801,775       960,911  
    Total liabilities and equity $ 1,176,351     $ 1,340,993  
     
    SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (in thousands, unaudited) 
                                 
      Three Months Ended     Nine Months Ended  
      September 30,     June 30,     September 30,     September 30,  
      2024     2024     2023     2024     2023  
                                 
    Cash flows from operating activities                            
    Net income $ 21,916     $ 31,359     $ 32,748     $ 91,170     $ 130,356  
    Adjustments to reconcile net loss to net cash from operating activities:                            
    Depreciation, depletion, amortization and accretion   21,077       20,868       20,490       62,392       61,250  
    Loss on Blue Chip Swaps   5,113       –       12,120       5,113       12,120  
    Washington State Tax Settlement   –       –       –       –       (27,068 )
    Decommissioning costs   (5,111 )     (143 )     (3,401 )     (5,684 )     (6,279 )
    Other non-cash items   (2,642 )     4,205       566       4,798       23,357  
    Changes in operating assets and liabilities:   22,162       17,487       (10,112 )     67,396       (38,390 )
    Net cash from operating activities   62,515       73,776       52,411       225,185       155,346  
                                 
    Cash flows from investing activities                            
    Payments for capital expenditures   (12,005 )     (34,744 )     (21,592 )     (67,447 )     (67,218 )
    Proceeds from sales of assets   292       669       9,563       3,577       24,710  
    Proceeds from sales of Blue Chip Swap securities   8,121       –       9,656       8,121       9,656  
    Purchases of Blue Chip Swap securities   (13,234 )     –       (21,776 )     (13,234 )     (21,776 )
    Net cash from investing activities   (16,826 )     (34,075 )     (24,149 )     (68,983 )     (54,628 )
                                 
    Cash flows from financing activities                            
    Distributions to shareholders   –       –       –       (250,417 )     –  
    Repurchase of shares   –       –       –       (962 )     –  
    Other   (358 )     –       –       (1,363 )     (1,116 )
    Net cash from financing activities   (358 )     –       –       (252,742 )     (1,116 )
    Net change in cash, cash equivalents, and restricted cash   45,331       39,701       28,262       (96,540 )     99,602  
    Cash, cash equivalents and restricted cash at beginning of period   335,257       295,556       410,447       477,128       339,107  
    Cash, cash equivalents, and restricted cash at end of period $ 380,588     $ 335,257     $ 438,709     $ 380,588     $ 438,709  
                                 
    Reconciliation of Free Cash Flow                            
    Net cash from operating activities $ 62,515     $ 73,776     $ 52,411     $ 225,185     $ 155,346  
    Payments for capital expenditures   (12,005 )     (34,744 )     (21,592 )     (67,447 )     (67,218 )
    Free Cash Flow $ 50,510     $ 39,032     $ 30,819     $ 157,738     $ 88,128  
                                 
    Free Cash Flow is a Non-GAAP measure. See Non-GAAP Financial Measures for our definition of Free Cash Flow.  
       
    SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
    REVENUE BY GEOGRAPHIC REGION BY SEGMENT
    (in thousands, unaudited)
                                 
      Three Months Ended     Nine Months Ended  
      September 30,     June 30,     September 30,     September 30,  
      2024     2024     2023     2024     2023  
    U.S. land                            
    Rentals $ 28,934     $ 32,713     $ 37,478     $ 100,653     $ 127,341  
    Well Services   7,027       6,242       8,223       20,735       20,384  
    Total U.S. land   35,961       38,955       45,701       121,388       147,725  
                                 
    U.S. offshore                            
    Rentals   32,228       30,644       44,681       100,123       117,867  
    Well Services   17,489       23,125       14,459       69,486       54,185  
    Total U.S. offshore   49,717       53,769       59,140       169,609       172,052  
                                 
    International                            
    Rentals   36,695       36,494       31,042       105,023       89,225  
    Well Services   74,934       71,863       74,502       211,002       265,993  
    Total International   111,629       108,357       105,544       316,025       355,218  
    Total Revenues $ 197,307     $ 201,081     $ 210,385     $ 607,022     $ 674,995  
                                           
    SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
    SEGMENT HIGHLIGHTS
    (in thousands, unaudited)
                                 
      Three Months Ended     Nine Months Ended  
      September 30,     June 30,     September 30,     September 30,  
      2024     2024     2023     2024     2023  
    Revenues                            
    Rentals $ 97,857     $ 99,851     $ 113,201     $ 305,799     $ 334,433  
    Well Services   99,450       101,230       97,184       301,223       340,562  
    Total Revenues $ 197,307     $ 201,081     $ 210,385     $ 607,022     $ 674,995  
                                 
    Income (loss) from Operations                            
    Rentals $ 43,856     $ 44,061     $ 56,253     $ 139,128     $ 167,373  
    Well Services   3,789       10,686       10,581       27,867       50,860  
    Corporate and other   (20,030 )     (15,592 )     (12,800 )     (52,570 )     (41,623 )
    Income from operations $ 27,615     $ 39,155     $ 54,034     $ 114,425     $ 176,610  
                                 
    Adjusted EBITDA                            
    Rentals $ 55,915     $ 56,023     $ 68,791     $ 174,959     $ 204,632  
    Well Services   15,427       19,078       15,137       56,028       69,697  
    Corporate and other   (13,576 )     (15,078 )     (12,125 )     (45,096 )     (37,207 )
    Total Adjusted EBITDA $ 57,766     $ 60,023     $ 71,803     $ 185,891     $ 237,122  
                                 
    Adjusted EBITDA Margin                            
    Rentals   57 %     56 %     61 %     57 %     61 %
    Well Services   16 %     19 %     16 %     19 %     20 %
    Corporate and other n/a     n/a     n/a     n/a     n/a  
    Total Adjusted EBITDA Margin   29 %     30 %     34 %     31 %     35 %
                                 
    Adjusted EBITDA is a Non-GAAP measure.  See Non-GAAP Financial Measures for our definition of Adjusted EBITDA and pages 11 and 12 for a reconciliation to income (loss) from operations.  
       
    SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
    RECONCILIATION OF ADJUSTED EBITDA
    (in thousands, unaudited)
                                 
      Three Months Ended     Nine Months Ended  
      September 30,     June 30,     September 30,     September 30,  
      2024     2024     2023     2024     2023  
                                 
    Net income from continuing operations $ 21,916     $ 29,463     $ 32,620     $ 89,274     $ 129,948  
    Depreciation, depletion, amortization and accretion   21,077       20,868       20,490       62,392       61,250  
    Interest income, net   (5,032 )     (5,760 )     (6,629 )     (17,632 )     (18,581 )
    Income tax expense   6,597       13,370       11,403       34,754       44,615  
    Restructuring expenses and other adjustments (1)   9,074       –       (2,721 )     9,074       (738 )
    Loss on Blue Chip Swap Securities   5,113       –       12,120       5,113       12,120  
    Other (income) expense, net   (979 )     2,082       4,520       2,916       8,508  
    Adjusted EBITDA $ 57,766     $ 60,023     $ 71,803     $ 185,891     $ 237,122  
                                 
    Adjusted EBITDA is a Non-GAAP measure.  See Non-GAAP Financial Measures for our definition of Adjusted EBITDA.  
                                 
    (1) Restructuring expenses and other adjustments for the three and nine months ended September 30, 2024 relate to costs associated with changes in our executive management and other restructuring costs.  Adjustments for the three and nine months ended September 30, 2023 relate to exit and disposal activities related to non-core businesses and other restructuring costs.  
       
    SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
    RECONCILIATION OF ADJUSTED EBITDA BY SEGMENT
    (in thousands, unaudited)
                                 
      Three Months Ended     Nine Months Ended  
      September 30,     June 30,     September 30,     September 30,  
      2024     2024     2023     2024     2023  
    Rentals                            
    Income from operations $ 43,856     $ 44,061     $ 56,253     $ 139,128     $ 167,373  
    Depreciation, depletion, amortization and accretion   12,059       11,962       12,538       35,831       37,259  
    Adjusted EBITDA $ 55,915     $ 56,023     $ 68,791     $ 174,959     $ 204,632  
                                 
    Well Services                            
    Income from operations $ 3,789     $ 10,686     $ 10,581     $ 27,867     $ 50,860  
    Depreciation, depletion, amortization and accretion   8,455       8,392       7,277       24,978       21,558  
    Restructuring expenses and other adjustments(1)   3,183       –       (2,721 )     3,183       (2,721 )
    Adjusted EBITDA $ 15,427     $ 19,078     $ 15,137     $ 56,028     $ 69,697  
                                 
    Corporate                            
    Loss from operations $ (20,030 )   $ (15,592 )   $ (12,800 )   $ (52,570 )   $ (41,623 )
    Depreciation, depletion, amortization and accretion   563       514       675       1,583       2,433  
    Restructuring expenses and other adjustments (1)   5,891       –       –       5,891       1,983  
    Adjusted EBITDA $ (13,576 )   $ (15,078 )   $ (12,125 )   $ (45,096 )   $ (37,207 )
                                 
    Total                            
    Income from operations $ 27,615     $ 39,155     $ 54,034     $ 114,425     $ 176,610  
    Depreciation, depletion, amortization and accretion   21,077       20,868       20,490       62,392       61,250  
    Restructuring expenses and other adjustments (1)   9,074       –       (2,721 )     9,074       (738 )
    Adjusted EBITDA $ 57,766     $ 60,023     $ 71,803     $ 185,891     $ 237,122  
                                 
    Adjusted EBITDA is a Non-GAAP measure.  See Non-GAAP Financial Measures for our definition of Adjusted EBITDA.  
                                 
    (1) Restructuring expenses and other adjustments for the three and nine months ended September 30, 2024 relate to costs associated with changes in our executive management and other restructuring costs.  Adjustments for the three and nine months ended September 30, 2023 relate to exit and disposal activities related to non-core businesses and other restructuring costs.  
       

    FOR FURTHER INFORMATION CONTACT:
    Jamie Spexarth, Chief Financial Officer
    1001 Louisiana St., Suite 2900
    Houston, TX 77002
    Investor Relations, ir@superiorenergy.com, (713) 654-2200

    The MIL Network –

  • MIL-OSI: Oxbridge Re Announces 2024 Third Quarter Results on November 13, 2024

    Source: GlobeNewswire (MIL-OSI)

    GRAND CAYMAN, Cayman Islands, Oct. 30, 2024 (GLOBE NEWSWIRE) — Oxbridge Re (NASDAQ: OXBR) announced that it plans to hold a conference call on Wednesday November 13, 2024 at 4:30 p.m. Eastern time to discuss results for the third quarter and nine months ending ended September 30, 2024. Financial results will be issued in a press release after the close of the market on the same day. Oxbridge Re’s management will host the conference call, followed by a question and answer period.

    Interested parties can listen to the live presentation by dialing the listen-only number below.

    Date: November 13, 2024
    Time: 4:30 p.m. Eastern time
    Listen-only toll-free number: 877 524-8416
    Listen-only international number: +1 412 902-1028
    Passcode (required): 13746519
     

    Please call the conference telephone number 10 minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact InComm Conferencing at 201 493-6280 or 877 804-2066

    A replay of the call will be available by telephone after 4:30 p.m. Eastern time on the same day of the call and via the Investor Information section of Oxbridge’s website at www.OxbridgeRe.com until November 26, 2024.

    Toll-free replay number: 877-660-6853
    International replay number: +1 201-612-7415
    Replay passcode: 13746519
     

    About Oxbridge Re Holdings Limited

    Oxbridge Re Holdings Limited (NASDAQ: OXBR, OXBRW) (“Oxbridge Re”) is headquartered in the Cayman Islands. The company offers tokenized Real-World Assets (“RWAs”) as tokenized reinsurance securities and reinsurance business solutions to property and casualty insurers, through its wholly owned subsidiaries SurancePlus Inc, Oxbridge Re NS, and Oxbridge Reinsurance Limited.

    Insurance businesses in the Gulf Coast region of the United States purchase property and casualty reinsurance through our licensed reinsurers Oxbridge Reinsurance Limited and Oxbridge Re NS.

    Our Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), has developed the first “on-chain” reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus has democratized the availability of reinsurance as an alternative investment to both U.S. and non-U.S. investors.

    Company Contact:
    Oxbridge Re Holdings Limited
    Jay Madhu, CEO
    +1 345-749-7570
    jmadhu@oxbridgere.com

    The MIL Network –

  • MIL-OSI: iRhythm Technologies Receives FDA 510(k) Clearance for Design Modifications to Its Zio® AT Device

    Source: GlobeNewswire (MIL-OSI)

    Zio AT device, along with the Zio ECG Utilization Software (ZEUS) (K222389), enables the provision of ambulatory Mobile Cardiac Telemetry (MCT) monitoring service for non-critical care patients

    FDA 510(k)-cleared enhancements will be available in 2025

    SAN FRANCISCO, Oct. 30, 2024 (GLOBE NEWSWIRE) — iRhythm Technologies, Inc. (NASDAQ:IRTC), a leading digital health care company focused on creating trusted solutions that detect, predict, and prevent disease, announced today that the U.S. Food and Drug Administration (FDA) has granted clearance for its 510(k) submission related to design modifications and labeling updates for the Zio AT device. Zio AT remains commercially available on the market to ship to customers in the United States, and product enhancements subject to this 510(k) clearance will be available in 2025.

    “This clearance is related to enhancements to our Zio AT product, including design features and labeling updates intended to address areas of concern specific to Zio AT that were noted in a 2023 FDA warning letter to the Company,” said Quentin Blackford, iRhythm President and Chief Executive Officer. “We believe these features that were subject to this clearance advance our technology for the benefit of patients, physicians, and healthcare systems who rely on our Zio AT services. At all times, we remain committed to patient safety, physician trust in Zio AT’s clinical performance, service quality, and regulatory compliance.”

    About the Zio AT System

    The Zio AT device is a prescription-only outpatient cardiac telemetry device, commonly referred to as a mobile cardiac telemetry device, which is used for the provision of our mobile cardiac telemetry (MCT) services. The Zio AT system consists of: the Zio AT patch, an ECG monitor that continuously records ECG data for up to 14 days; the wireless gateway that provides connectivity between the Zio AT patch and the Zio ECG Utilization Software (ZEUS) to transmit data during the wear period; and ZEUS, iRhythm’s deep-learning algorithm that analyzes cardiac events transmitted by the Zio AT patch and gateway. The Zio AT services provide event transmission reports during wear and a comprehensive end-of-wear report1-4 with preliminary findings to the treating medical professional for final clinical decisions. The Zio AT services are provided by iRhythm’s independent diagnostic testing facilities located in San Francisco, California, Deerfield, Illinois and Houston, Texas.

    Zio Services’ Clinically Proven Performance

    The value of the Zio service has been demonstrated in over 100 original scientific research manuscripts5. Zio AT’s patient-centered design enables high patient compliance and analyzable time with minimal noise or artifact6-8, and real-world data shows an impressive 98% patient compliance9, in part thanks to Zio AT’s zero required patient manipulations. Furthermore, physicians agree with the Zio service’s comprehensive end-of-wear report 99% of the time10-11.

    About iRhythm Technologies, Inc.
    iRhythm is a leading digital health care company that creates trusted solutions that detect, predict, and prevent disease. Combining wearable biosensors and cloud-based data analytics with powerful proprietary algorithms, iRhythm distills data from millions of heartbeats12 into clinically actionable information. Through a relentless focus on patient care, iRhythm’s vision is to deliver better data, better insights, and better health for all. To learn more about iRhythm, including its portfolio of Zio products and services, please visit irhythmtech.com.

    Zio AT Indications For Use

    The Zio AT device is intended to capture and transmit symptomatic and asymptomatic cardiac events and record continuous electrocardiogram (ECG) data for long-term monitoring. It is indicated for use on patients 18 years or older who may be asymptomatic or who may suffer from transient symptoms such as palpitations, shortness of breath, dizziness, light-headedness, pre-syncope, syncope, fatigue, or anxiety. It is not intended for use on critical care patients.

    Contraindications

    • Do not use the Zio AT device for patients with symptomatic episodes where variations in cardiac performance could result in immediate danger to the patient or when real-time or in-patient monitoring should be prescribed.
    • Do not use the Zio AT device for patients with known history of life-threatening arrhythmias.
    • Do not use the Zio AT device in combination with external cardiac defibrillators or high frequency surgical equipment near strong magnetic fields or devices such as MRI.
    • Do not use the Zio AT device on patients with a neuro-stimulator, as it may disrupt the quality of ECG data.
    • Do not use the Zio AT device on patients who do not have the competency to wear the device for the prescribed monitoring period.

    Investor Contact
    Stephanie Zhadkevich
    investors@irhythmtech.com

    Media Contact
    Kassandra Perry
    irhythm@highwirepr.com

    1. Zio AT Clinical Reference Manual. iRhythm Technologies, 2022.
    2. Continuous, uninterrupted refers to the recording of ECG data. Zio AT Gateway transmissions may be impacted by a variety of factors. See Product Labeling for more information.
    3. Zio AT is contraindicated for critical care patients.
    4. Do not use Zio AT for patients with symptomatic episodes where variations in cardiac performance could result in immediate danger to the patient or when real-time or in-patient monitoring should be prescribed. Refer to the Zio AT labeling and Clinical Reference Manual for full contraindications.
    5. Data on file. iRhythm Technologies, 2023.
    6. Data on file. iRhythm Technologies, 2022-2023.
    7. Zio XT Clinical Reference Manual. iRhythm Technologies, 2019.
    8. Zio monitor Instructions for Use. iRhythm Technologies, 2023.
    9. Zio AT Clinical Reference Manual. iRhythm Technologies, 2022.
    10. Data on file. iRhythm Technologies, 2021-2022.
    11. Based on a review of all online Zio XT, Zio monitor, and Zio AT end-of-wear reports. Data on file. iRhythm Technologies, 2023.
    12. Based on the US and UK data using Zio ECG monitors. Data on file. iRhythm Technologies, 2023.

    The MIL Network –

  • MIL-OSI: Kneat to Announce 2024 Third-Quarter Financial Results November 6, 2024

    Source: GlobeNewswire (MIL-OSI)

    LIMERICK, Ireland, Oct. 30, 2024 (GLOBE NEWSWIRE) — kneat.com, inc. (TSX: KSI) (OTC: KSIOF) (“Kneat” or the “Company”) a leader in digitizing and automating validation and quality processes, announced today that the Company will release its financial results for the quarter ended September 30, 2024, after TSX market close on November 6, 2024.

    Eddie Ryan, Chief Executive Officer and Hugh Kavanagh, Chief Financial Officer, will host a conference call and Q&A for sell side analysts via webcast on November 7, 2024 at 09:00 ET (14:00 GMT).

    Interested parties can register for the live webcast via the following link:

    Register Here

    The third-quarter financial results will be available from the Financial Information section of the Investors page on the Kneat Solutions website, at: https://kneat.com/investors/ 

    About Kneat
    Kneat Solutions provides leading companies in highly regulated industries with unparalleled efficiency in validation and compliance through its digital validation platform Kneat Gx. We lead the industry in customer satisfaction with an unblemished record for retention and implementation, powered by our user-friendly design, expert support, and on-demand training academy. Kneat Gx is an industry-leading digital validation platform that enables highly regulated companies to manage any validation discipline from end-to-end. Kneat Gx is fully ISO 9001 and ISO 27001 certified, fully validated, and 21 CFR Part 11/Annex 11 compliant. Multiple independent customer studies show a 40% or more reduction in validation cycle times, nearly 20% faster speed to market, and 80% reduced changeover time. For more information visit www.kneat.com.

    For further information:

    Katie Keita, Investor Relations Lead, +902-706-9074, katie.keita@kneat.com

    The MIL Network –

  • MIL-OSI: CPS to Host Conference Call on Third Quarter 2024 Earnings

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Oct. 30, 2024 (GLOBE NEWSWIRE) — Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Friday, November 1, 2024 at 1:00 p.m. ET to discuss its third quarter 2024 operating results.

    Those wishing to participate can pre-register for the conference call at the following link https://register.vevent.com/register/BIaadcdbbe0a7849aa918eac85c86475ff. Registered participants will receive an email containing conference call details for dial-in options. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the schedule start time. A replay will be available beginning two hours after conclusion of the call for 12 months via the Company’s website at https://ir.consumerportfolio.com/investor-relations.

    About Consumer Portfolio Services, Inc.

    Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems or limited credit histories. We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. We fund these contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives.

    Investor Relations Contact

    Danny Bharwani, Chief Financial Officer

    949-753-6811

    The MIL Network –

  • MIL-OSI Economics: Adesina and Banga lead the charge to end hunger in Africa at 2024 Borlaug Dialogue

    Source: African Development Bank Group
    In a powerful opening to the 2024 Norman E. Borlaug International Dialogue, the president of the African Development Bank Group Dr. Akinwumi Adesina and his counterpart at the World Bank Ajay Banga, stressed the need for more global action against hunger, a goal slipping further away due to the combined effects of conflict,…

    MIL OSI Economics –

  • MIL-OSI Global: What the Thai cave rescue can teach us about unconventional leadership

    Source: The Conversation – Canada – By Amélie Cloutier, Professor of Strategy and Innovation, Université du Québec à Montréal (UQAM)

    Leadership can emerge from unexpected places, especially during times of crisis. One such example occurred during the 2018 rescue of a group of 12 young soccer players and their coach, who were trapped in a cave in northern Thailand after heavy rains blocked their exit route.

    The 17-day rescue operation involved a co-ordinated response from thousands of people, including 2,000 soldiers, 200 divers and personnel from 100 government agencies. The success of the operation was largely due to an unconventional group of leaders: an international group of cave divers whose unique expertise was vital to the rescue effort.

    Our recent research on the rescue aimed to explore how leadership can emerge outside of the traditional chain of command. To do this, we analyzed a documentary and news coverage about the rescue, along with scientific literature and online searches, including LinkedIn profiles.

    We wanted to better understand development of leaders who don’t adhere to the stereotypical image of heroic or charismatic leaders. These atypical leaders challenge our conventional ideas about what a leader should look like, or how they should act.

    From advisers to leaders

    Tham Luang Nang Non is a cave located beneath Doi Nang Non, a mountain range on the border between Thailand and Myanmar. On June 23, 2018, a group of 12 boys from a local soccer team and their assistant coach became trapped in the cave after heavy rainfall blocked their way out.

    On June 25, Royal Thai Navy SEAL divers arrived and began searching the cave for the team, but the flooding made it impossible to locate them. Initially, civilian cave divers were brought in as advisers to the Navy SEALs. However, when the SEAL divers failed to locate the trapped team, the cave divers took the lead.

    On July 2, two divers from the British Cave Rescue Council found the group alive, and their roles shifted from being advisers to active participants in the rescue operation.

    Following the discovery, the Thai Navy SEAL divers attempted to reclaim their roles as primary rescuers, believing they had the ability to complete the mission. However, their overconfidence and underestimation of the challenges ahead led to a critical setback: those who reached the children were unable to return with them due to a lack of oxygen.

    With the situation worsening, the cave divers successfully persuaded the conventional leaders in place — Governor Narongsak Osatanakorn, Lt. Gen. Bancha Duriyapunt, Rear-Admiral Apakorn Youkongkaew and Capt. Anan Surawan — to allow them to take over the mission.

    The cave divers assembled a new team of expert cave divers from around the world. The extraction began on July 8, and by July 10, everyone had been rescued.

    The ‘Rudolph Effect’

    The rescue operation demonstrates how individuals with specialized skills and social capital can step up to lead effectively, even in the most challenging situations.

    Before the rescue, many viewed cave diving as odd, and even abnormal. In the documentary The Rescue, cave diver Josh Bratchley acknowledged that being in a pitch-black cave underwater is “probably some people’s worst nightmares.” But for cave diver Jim Warny, “once I get underground, that all disappears.”

    For these self-described unconventional individuals, their love for cave diving and exploration serves as a form of escape and empowerment, while accepting that they stand apart from the norm.

    However, their knowledge of navigating cold and dark waters underground, combined with their capital within the cave diving community, made the cave divers effective leaders. This case study demonstrates how leadership can emerge unexpectedly, and how atypical skills like cave diving, if valued and encouraged, can lead to innovative solutions.

    In our study, we coined the term the “Rudolph Effect” to describe how outcasts and unconventional individuals can become key leaders when given opportunities. Like Rudolph the Red-Nosed Reindeer, the term’s namesake, these leaders can guide their teams through extreme situations effectively, using skills and perspectives that traditional leaders might not possess.

    Unconventional and trustworthy helpers can transform into leaders, leveraging their unique skills, knowledge and social capital to manage extreme situations. But this transformation is only possible if they have the chance to demonstrate their abilities.

    Cultivating unconventional leaders

    The need for these unique leaders isn’t limited to extreme situations. By highlighting an extreme example, we aim to show that managers should create more opportunities for unconventional thinkers to contribute, even in day-to-day situations.

    Managers should identify and nurture leadership potential in individuals from diverse backgrounds and experiences. By doing this, organizations can not only improve their ability to handle crises, but also widen their pool of potential leaders. This diversity strengthens companies, making them more resilient and adaptable when facing unexpected challenges.

    This case study serves as a reminder for managers to constantly reassess and adjust their resources to achieve their goals. In tough situations, it can be beneficial to bring in leaders who think outside the box.

    Managers should be aware of the unique skills and connections within their teams to identify these unconventional leaders during their risk planning. They should also have backup plans ready in case initial solutions prove ineffective.

    Amélie Cloutier receives funding from FRQSC.

    Andrew Webb receives funding from SSHRC and le Secrétaire du Conseil du Trésor du Québec.

    – ref. What the Thai cave rescue can teach us about unconventional leadership – https://theconversation.com/what-the-thai-cave-rescue-can-teach-us-about-unconventional-leadership-233538

    MIL OSI – Global Reports –

  • MIL-OSI Global: I research rap lyrics and testified in a Toronto rapper’s murder trial

    Source: The Conversation – Canada – By Jabari M. Evans, Assistant Professor of Race and Media, School of Journalism and Mass Communications, University of South Carolina

    Toronto rapper Top5 appearing in his music video ‘Movie’ featuring the rappers Why G and Bundog. The Crown recently stayed murder charges against Top5 after a judge ruled his lyrics and social media content could not be used as evidence. (YouTube/Top5)

    In May, I was in my office grading papers when an email came through from Arika, a paralegal working for Toronto lawyer Gary Grill. They were reaching out to me about potentially serving as an expert witness in a murder trial. The case involved Hassan Ali, better known as the rapper Top5, who was charged in 2021 with first-degree murder in the shooting of 20-year-old accounting student Hashim Omar Hashi.

    Arika mentioned that they had come across my research on drill rap and hoped I could testify on the inadmissibility of rap lyrics and music videos as criminal evidence. Without hesitation, I agreed.

    As an academic expert on hip-hop culture, Black youth, the music industry and the digitization of artistic expression, my research explores the intersection of cultural production, race and legal systems, focusing particularly on drill music culture.

    Drill music is a subgenre of hip-hop that originated in Chicago, characterized by its gritty, raw lyrics focused on street life, violence and survival, often reflecting the harsh realities of inner-city environments.

    Lyrics as evidence

    In September, a judge ruled that Top5’s social media posts, music videos and lyrics were inadmissible as evidence, recognizing that much of what he posted was part of his artistic persona. As a result, the charges against him were stayed.

    The Canadian legal system, like its U.S. counterpart, has allowed these forms of creative expression to be weaponized against artists. This was evident in the case of Chael Mills and Lavare Williams, where rap lyrics were used as evidence contributing to their convictions for murder. That case (and others like it) opened the door for rap lyrics to be used against artists in court, further entrenching harmful stereotypes about Black men and violence. This practice is unjust and perpetuates racial biases.

    Though Top5’s lyrics didn’t explicitly threaten the victim in this case, the prosecution used songs and social media posts in which he alludes to the Go Getem Gang (his crew) being a criminal group. In 2023, he appeared in a music video while in prison where he said: “I was 18 when I bought a gun, 22 when I shot your son.”

    Using rap lyrics and music videos as evidence is not only unfair but it perpetuates the dangerous assumption that rappers’ personas are entirely authentic representations of who they are. This often results in creative expression being misinterpreted as autobiographical fact, jeopardizing someone’s freedom based on their art.

    However, when I delved into Top5’s online presence, I was struck by just how sensational his persona was. Beyond the music videos, he is an avid vlogger and live streamer, frequently discussing recent shootings, open cases involving his friends and making overt threats toward his rivals — all while name-dropping his connections, including Drake. He was using social media in a way that blurred the line between artistic performance and self-incrimination.

    This placed me in a difficult moral position. Reviewing all the evidence and seeing Top5’s brazen online behaviour made me wonder whether defending him would undermine my larger argument: that rap lyrics and videos shouldn’t be used as evidence because they are artistic expressions, not confessions.

    However, this internal debate led me to reaffirm my stance: the very assumptions I was grappling with were precisely what I had been fighting against. Even if Top5 seemed to push the boundaries, it was still unjust for the legal system to interpret his art and social media as literal truths.

    ‘Heard of Me’ by Top5 featuring Why G.

    Clout chasing

    What became clear to me was that Top5, like many young rappers, was caught in the grip of clout chasing — a phenomenon driven by the need for attention and validation in today’s social media age.

    Clout chasing isn’t just about gaining followers; it reflects deeper issues in society, especially among Black youth.

    As sociologist Elijah Anderson described, the tension between earning respect in the streets and striving for middle-class success is central to understanding drill rappers like Top5. On one side, Black youth are encouraged to adopt “decency” as defined by white society and achieve upward mobility through socially acceptable means.

    On the other, they must navigate the “code of the streets,” where respect is earned through fearlessness and survival, often in defiance of mainstream societal norms.

    Top5’s rise illustrates this tension vividly. His strategy for visibility online relied heavily on broadcasting the most sensational aspects of his life — threats, rivalries and bravado — all while crafting a persona as a street entrepreneur.

    However, Top5’s lyrics, videos and social media posts exist in a gray area between reality and performance art. What Hassan Ali creates as Top5 is a carefully constructed character, not a confession to crimes.

    This distinction is crucial in understanding why these forms of expression should not be used as evidence in court. The very nature of rap as a genre involves exaggeration, metaphor and artistic license, and treating it as literal truth is both unjust and misleading.

    The broader implications of clout chasing and the digital age on legal proceedings are significant. Top5’s use of digital clout is, in many ways, a symptom of what some scholars have called “emotional illiteracy” among some young Black men — a kind of bravado or fearlessness that manifests as aggression or recklessness online.

    Yet, this behaviour is often misunderstood. It’s not about incriminating oneself. It’s about asserting one’s worth and survival in a society that has long marginalized young Black voices.

    A trailer for ‘As We Speak: Rap Music on Trial,’ a documentary that explores the weaponization of rap lyrics in the U.S. criminal justice system.

    Legal implications

    The judge’s decision in Top5’s case was groundbreaking. It underscored that even in an era of social media oversharing, courts must be careful not to conflate performance with reality. For the first time, a court acknowledged that an artist’s social media content could be as much a part of their creative self-expression as their lyrics or music videos.

    This ruling was not only significant for rap and hip-hop artists who have long been subjected to legal scrutiny based on their work. It also signals a growing recognition that creative expression — whether in the form of lyrics, videos or even Instagram posts — cannot be treated as literal fact without risking injustice.

    As rap music continues to evolve and engage with social issues, it’s imperative that the legal system evolves alongside it, developing a more nuanced understanding of artistic expression in the digital age.

    Using rap music as evidence in criminal trials is not just a legal issue but a cultural one. It speaks to how society views Black art and Black lives. By treating rap lyrics as confessions, the legal system perpetuates harmful stereotypes about Black men as inherently violent or criminal.

    The decision in Top5’s case represents a step forward, but the fight for justice is far from over. We must remain vigilant in protecting the creative freedoms of all artists, regardless of how controversial their work may seem.

    Jabari M. Evans 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. I research rap lyrics and testified in a Toronto rapper’s murder trial – https://theconversation.com/i-research-rap-lyrics-and-testified-in-a-toronto-rappers-murder-trial-241884

    MIL OSI – Global Reports –

  • MIL-OSI USA: Congressman Bean Named 2024 Hero of Main Street

    Source: United States House of Representatives – Representative Aaron Bean Florida (4th District)

    WASHINGTON—The National Retail Federation (NRF) recently presented U.S. Congressman Aaron Bean (FL-04) with the Hero of Main Street Award. Congressman Bean earned this honor for his tireless work during the 118th Congress to prioritize small businesses and empower a vibrant retail industry. 

    In Florida, retail directly supports more than 2.3 million local jobs and contributes more than $357.4 billion in economic activity.

    “As a former small business owner, I know firsthand the burdens small businesses face. As a member of the House Small Business Committee, I’m committed to restoring optimism and advancing solutions to make it easier for owners to invest, hire, and watch their enterprises grow.”

    BACKGROUND

    Congressman Bean has introduced and supported the following pieces of legislation on behalf of the Fourth District’s small businesses and retail sector:

    • Passed H.R. 4666, We Want Our Money Back Act: Requires the Inspector General of the SBA to report to Congress with quarterly updates on the ongoing Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) fraud investigations.
       
    • Introduced H.R. 9033, the Let American Businesses Be on Record (LABOR) Act: Requires the Department of Labor (DOL) to hold panels with small business owners, as part of the Small Business Regulatory Enforcement Fairness Act (SBREFA), which will be impacted during the rulemaking process so that changes can be made before the rule is finalized.
       
    • Introduced H.R. 2744, the Freedom from Government Competition Act of 2023: Increases opportunities for private industries to provide goods and services without the threat of taxpayer-funded government competition. This bill puts American businesses first and saves taxpayer dollars from duplicative and wasteful spending.
       
    • Introduced H.R.7984, the Rural Small Business Resilience Act: Would require the Small Business Administration (SBA) to improve access to disaster assistance and relief programs for rural business owners to efficiently mitigate effects of natural disasters.
       
    • Cosponsored H.R. 4721, the Main Street Tax Certainty Act: Permanently extends tax deductions for small and family-owned businesses, giving them greater flexibility to invest in new employers, expansion, or their communities.
       
    • Cosponsored H.R. 895, the Combatting Organized Retail Crime Act: Would deter future attacks on U.S. retailers by enhancing federal coordination, establishing an aligned multi-agency response, and creating new tools to tackle evolving trends in organized retail theft. 

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Hageman Team Joins House Election Observer Program

    Source: United States House of Representatives – Wyoming Congresswoman Harriet Hageman

    Washington, DC – Today, Congresswoman Harriet Hageman announced that members of her staff will participate in the House of Representatives Election Observer Program. The Election Observer Program will deploy congressional observers to election sites across the country in order to record on-the-ground, factual information for use during elections contests or seating battles and for other purposes.

    Representative Hageman stated, “Earlier this year, the House of Representatives passed the SAVE Act, which I cosponsored, to require states to obtain proof of citizenship—in person—when registering an individual to vote, as well as to require states to remove non-citizens from existing voter rolls. The Chuck Schumer-led Senate failed to take up the bill. 

    “To safeguard election integrity, we must use all means available to us. That is why my office is participating in the House Election Observer Program. Faith in our electoral process is the bedrock of our system of government. It is vital that every legal vote is counted, fraudulent voting is detected and reported, and proper chain of custody procedures for ballots are carefully followed at polling locations.”

    Background from the Committee on House Administration: 

    As of today, House Republicans have over 200 Republican congressional staffers signed up to participate from over 60 Member and Leadership offices and 12 full and subcommittees. The 2024 Election Observer Program is the most robust election integrity effort in House of Representatives history. 
     
    As the issue of election integrity continues to rise to the forefront in voters’ minds, this program is more important than ever to ensure every lawful vote is counted in free, fair, and secure elections where the stakes are highest, including in races with serious election administration issues and in battleground districts where the majority is on the line.

    ###

    Contact: Chris Berardi, Sr. Advisor/Communications Director

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Cuellar Announces $11,077,810 in Federal Funding for Opportunity Home San Antonio

    Source: United States House of Representatives – Congressman Henry Cuellar (TX-28)

    SAN ANTONIO, TX – Today, Congressman Henry Cuellar, Ph.D. (TX-28) announced $11,077,810 in federal funding for Opportunity Home San Antonio. 

    “Today, I am pleased to announce $11,077,810 in federal funding for Opportunity Home San Antonio,” said Dr. Cuellar, a senior member of the House Appropriations Committee. “This funding is critical in combating health hazards in public households in San Antonio. This funding is an investment in the health and long-term success of the community. I want to thank Opportunity Home Chairman of the Board Gabriel Lopez, Acting President and CEO Michael Reyes, Government Relations Advisor Hector Morales, and State Representative Josey Garcia for being here today and for their effort in fighting for a healthier community.” 

    Congressman Cuellar secured the funding from the Department of Housing and Urban Development’s Capital Fund Housing-Related Hazards and Lead-Based Paint Capital Fund Programs. The programs work to evaluate and eliminate residential health hazards in public housing, including lead-based paint, carbon monoxide, mold, radon, and fire safety. Opportunity Home San Antonio received $4,800,000 from the Lead-Based Paint Capital Fund and $6,277,810 from the Capital Fund Housing Related-Hazards. 

    Congressman Cuellar will continue to fight for the funding and resources necessary to make the region a healthier, more prosperous community. 

    MIL OSI USA News –

  • MIL-OSI USA: SPC Tornado Watch 695

    Source: US National Oceanic and Atmospheric Administration

    Note:  The expiration time in the watch graphic is amended if the watch is replaced, cancelled or extended.Note: Click for Watch Status Reports.
    SEL5

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Tornado Watch Number 695
    NWS Storm Prediction Center Norman OK
    435 PM CDT Wed Oct 30 2024

    The NWS Storm Prediction Center has issued a

    * Tornado Watch for portions of
    Eastern Kansas
    Western Missouri

    * Effective this Wednesday afternoon and evening from 435 PM
    until 1000 PM CDT.

    * Primary threats include…
    A few tornadoes likely with a couple intense tornadoes possible
    Scattered damaging winds likely with isolated significant gusts
    to 80 mph possible
    Isolated large hail events to 1.5 inches in diameter possible

    SUMMARY…Fast moving thunderstorms over eastern Kansas will track
    across the watch area through this evening. Damaging winds and a
    few tornadoes are the primary concerns with these storms.

    The tornado watch area is approximately along and 65 statute miles
    east and west of a line from 50 miles south southwest of Chanute KS
    to 60 miles north northeast of Saint Joseph MO. For a complete
    depiction of the watch see the associated watch outline update
    (WOUS64 KWNS WOU5).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Tornado Watch means conditions are favorable for
    tornadoes and severe thunderstorms in and close to the watch
    area. Persons in these areas should be on the lookout for
    threatening weather conditions and listen for later statements
    and possible warnings.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 693…WW 694…

    AVIATION…Tornadoes and a few severe thunderstorms with hail
    surface and aloft to 1.5 inches. Extreme turbulence and surface wind
    gusts to 70 knots. A few cumulonimbi with maximum tops to 450. Mean
    storm motion vector 24035.

    …Hart

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW5
    WW 695 TORNADO KS MO 302135Z – 310300Z
    AXIS..65 STATUTE MILES EAST AND WEST OF LINE..
    50SSW CNU/CHANUTE KS/ – 60NNE STJ/SAINT JOSEPH MO/
    ..AVIATION COORDS.. 55NM E/W /31WSW OSW – 64SW DSM/
    HAIL SURFACE AND ALOFT..1.5 INCHES. WIND GUSTS..70 KNOTS.
    MAX TOPS TO 450. MEAN STORM MOTION VECTOR 24035.

    LAT…LON 37009700 40569572 40569324 37009465

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU5.

    Watch 695 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    High (70%)

    Probability of 1 or more strong (EF2-EF5) tornadoes

    Mod (40%)

    Wind

    Probability of 10 or more severe wind events

    Mod (60%)

    Probability of 1 or more wind events > 65 knots

    Mod (30%)

    Hail

    Probability of 10 or more severe hail events

    Mod (30%)

    Probability of 1 or more hailstones > 2 inches

    Low (10%)

    Combined Severe Hail/Wind

    Probability of 6 or more combined severe hail/wind events

    High (80%)

    For each watch, probabilities for particular events inside the watch (listed above in each table) are determined by the issuing forecaster. The “Low” category contains probability values ranging from less than 2% to 20% (EF2-EF5 tornadoes), less than 5% to 20% (all other probabilities), “Moderate” from 30% to 60%, and “High” from 70% to greater than 95%. High values are bolded and lighter in color to provide awareness of an increased threat for a particular event.

    MIL OSI USA News –

  • MIL-OSI Security: Ship Management Company Fined $1.75M for Failing to Maintain an Accurate Oil Record Book that Concealed Unauthorized Discharges at Sea

    Source: United States Attorneys General

    Gremex Shipping S.A. de C.V., a Mexican corporation that managed several ships, including the M/V Suhar, pleaded guilty and was sentenced today in federal district court in Pensacola, Florida, for creating and providing false records to the U.S. Coast Guard to conceal its illegal discharge of oily bilge waste into the ocean, which is a felony violation of the Act to Prevent Pollution from Ships (APPS).

    The charge stems from a Coast Guard investigation of the ship once it arrived in Pensacola on Aug. 25, 2023. The Suhar is a 7,602 gross ton Panamanian-flagged ocean-going bulk carrier that routinely hauled cement from Tampico, Mexico, to Pensacola. Since March 2021, day-to-day operation of the ship was undertaken by Gremex, which was responsible for hiring all crew, and ensuring compliance with all policies on protection of the environment in accordance with international regulations. After boarding the ship to determine compliance with all applicable laws, Coast Guard personnel determined that the vessel’s crew had regularly discharged untreated oily bilge water into sea in a manner that bypassed onboard pollution control equipment, and then falsified the ship’s oil record book to conceal these discharges.

    As part of normal vessel operations, large ocean-going ships like the Suhar generate oily bilge water that periodically needs to be discharged for the vessel to operate safely. The United States and Panama are both parties to an international treaty known as MARPOL, which regulates and limits the at-sea discharge of oily bilge water. To satisfy these marine pollution requirements, vessels typically discharge oily bilge water after it has been processed through an oily water separator, a piece of onboard pollution control equipment which removes oil from bilge water prior to discharge. Ships are required to maintain an oil record book that documents all discharges of oily bilge water so authorities can monitor ships for compliance with these international requirements. Federal law requires that foreign ships arriving at U.S. ports maintain an accurate oil record book.

    Consistent with a sentencing recommendation jointly proposed by the government and Gremex, the court sentenced the company to pay a $1.75 million fine, serve a four-year term of probation and commit to developing and implementing an environmental compliance plan that will be in effect during the time the company is on probation.

    Assistant Attorney General Todd Kim of the Environment and Natural Resources Division and U.S. Attorney Jason R. Coody for the Northern District of Florida made the announcement.

    The Coast Guard’s Investigative Service investigated the case.

    Trial Attorney Joel La Bissonniere of the Environment and Natural Resources Division’s Environmental Crimes Section and Assistant U.S. Attorney Ryan Love for the Northern District of Florida prosecuted the case. 

    MIL Security OSI –

  • MIL-OSI: Sprott Announces Date for 2024 Third Quarter Results Webcast

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 30, 2024 (GLOBE NEWSWIRE) — Sprott Inc. (NYSE:SII) (TSX:SII) (“Sprott”) announced today that it plans to release its third quarter results at 7:00 a.m. on November 6, 2024. Sprott will host an earnings webcast that morning at 10:00 a.m. to discuss the results. Sprott CEO, Whitney George, together with Sprott CFO, Kevin Hibbert and Sprott Asset Management CEO, John Ciampaglia, will host the webcast, which can be accessed as outlined below.

    PLEASE NOTE: Research analysts who cover the company should register at:
    https://register.vevent.com/register/BIecf4c3c925374bf19a6ce5051f64dd6d

    Pre-registration is now open.

    About Sprott
    Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California. The company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII). For more information, please visit www.sprott.com.

    Investor contact information: (416) 943-4394 or ir@sprott.com.

    The MIL Network –

  • MIL-OSI USA: Booker Announces $406 Million in Federal Grants for New Jersey Projects

    US Senate News:

    Source: United States Senator for New Jersey Cory Booker

    NEWARK N.J. –  Today, U.S. Senator Cory Booker (D-NJ) announced a total of $406 million in federal grants being awarded to New Jersey by the Environmental Protection Agency (EPA) and the Federal Railroad Administration (FRA). EPA’s 2024 Clean Ports Program (CPP) is awarding the Port Authority of New York and New Jersey (Port Authority) $347 million total to execute their plan to implement alternative freight movement and zero-emissions options across the marine terminals operated by the Port Authority and its private sector partners in New York and New Jersey. The program will also award $55 million to the SeaStreak LLC to deploy high-speed zero-emission ferries for service between northern New Jersey and New York City, as well as for accompanying charging infrastructure and for training and workforce development. Additionally, the FRA is awarding $4 million to the Morristown & Erie Railway (ME) to provide more efficient and reliable freight rail operations along a nine-mile railway that runs from Morristown, New Jersey to Roseland, New Jersey. 

    Senator Booker wrote in support of the Port Authority’s and the Morristown & Erie Railway’s applications for these projects in May and July of this year, respectively.

    The Port Authority’s “Catalyzing Change: Zero Emissions NY-NJ Port Projects for a Greener Future” plan is receiving $344 million to establish a sustainable zero emissions operation at the Port of New York and New Jersey, the largest container port on the East Coast and third largest in the country. The Port Authority’s Port Master Plan 2050 would commit to achieving net zero carbon emissions by 2050. The second grant of $3 million would fund a drayage truck movement study, increased community air monitoring, and the establishment of a Ports Community Advisory Council.

    “EPA’s $347 million award to the Port Authority of New York and New Jersey to execute their ‘Catalyzing Change’ plan is a huge win for New Jersey, and a bold step toward a cleaner, more sustainable future,” said Senator Booker. “Investing in zero-emissions technologies and enhancing our freight operations will help us protect our environment and boost our regional economy. I am proud to have supported this award that will create jobs, improve air quality, protect our planet, and ensure that our supply chain remains efficient and resilient.” 

    “We appreciate the recognition and support from our government and community partners to ensure the critical work at the Port of New York and New Jersey is accomplished with an eye toward the future,” said Port Authority Chairman Kevin O’Toole. “This funding will reverberate well beyond the docks, allowing us to work together with nearby communities to ensure that the busiest port on the East Coast sets a new standard for collaboration, innovation, and sustainability.”

    “We’re immensely grateful and thrilled to receive this significant funding from the EPA, allowing us to accelerate the deployment of zero-emission equipment across our port facilities,” said Port Authority Executive Director Rick Cotton. “This award is a crucial step forward in our commitment to sustainability and will help us meet the Agency’s net-zero emissions goal by 2050. We are grateful for the EPA’s partnership as the Port Authority continues our aggressive pursuit of our climate agenda.”

    “These extraordinary awards represent a significant step toward our community engagement and sustainability efforts, and we extend our sincere appreciation to all of the port partners who made it happen,” said Bethann Rooney, port director at the Port Authority of New York and New Jersey. “The cargo moved through the Port radiates out across the country, but it would not be possible without the collaboration of the port community. Our goal is to ensure that all stakeholders have a voice as we look to maximize the impact of every dollar to deliver cleaner air, new equipment, and a port that leads the way on sustainability and community engagement.”

    “Ports are essential to moving and bringing us goods that we depend on, but they are also sources of air and climate pollution impacting the surrounding communities,” said EPA Regional Administrator Lisa F. Garcia. “By advancing zero-emission technologies, we are tackling air pollution head-on while creating good-paying jobs that support local economies and families. This tremendous investment demonstrates EPA’s commitment to environmental and climate justice, and economic opportunity while also ensuring that our port communities can breathe cleaner air.”

    The grant money for the Morristown-Erie Railway will be awarded through the FRA’s Consolidated Rail Infrastructure and Safety Improvements (CRISI) program. The project will replace five-track miles of 75-year-old lite-weight jointed rail and eight switches with 115-pound or larger rail in addition to other updates. These improvements will minimize derailments and reduce noise levels, and help the railway expand its operations to manage the increase of freight coming in from the Port of New York and New Jersey.

    “This $4 million grant from the FRA’s CRISI program is a crucial investment in the Morristown & Erie Railway that will enhance the safety and efficiency of our freight operations,” said Senator Booker. “Upgrading our aging infrastructure will benefit freight rail workers and consumers from Morristown to Roseland who rely on these tracks. This project will create jobs, support the local economy, and ensure this railway remains safe and efficient for years to come.” 

    “We are pleased to have received Senator Booker’s support in receiving this $4MM CRISI grant toward a total $6MM project to replace rail switches and extend track on our rail line.  It will enable us to continue providing environmentally superior rail freight service to our customers, facilitate customer growth and additional employment in our Morris and Essex County service territory,” said Morristown & Erie President Charles Jensen.

    MIL OSI USA News –

  • MIL-OSI USA: Senator Wicker Statement on Georgia’s Parliamentary Election

    US Senate News:

    Source: United States Senator for Mississippi Roger Wicker

    WASHINGTON – Following Georgia’s election results, U.S. Senator Roger Wicker, R-Miss., issued this statement:

    “This past Saturday, the people of Georgia went to the polls to exercise their democratic right to choose their next government. Instead of a dignified, transparent, and lawful process, what they got was a farce. The people of Georgia’s democratic choice was undermined by rampant violations, including intimidation, violence, vote buying, and results that diverged sharply from credible independent pre-election and exit polling as well as trends from prior elections.

    “We share Georgian President Zourabichvili’s belief that these elections were neither free nor fair and do not reflect the will of the people. Unfortunately, the Moscow-backed Georgian Dream party seems to think that alongside Russia and its authoritarian axis, they can wait out the United States and Georgia’s democratic allies. They are wrong.

    “The manipulation of this election is not only a blow to Georgia’s fragile democracy but, if allowed to stand, an end to the country’s longstanding Euro-Atlantic aspirations—and possibly its very sovereignty. This is electoral fraud, and its illegitimate result must be confronted with clarity and resolve. As long as Georgian Dream clings to power through undemocratic means and under the tutelage of violent authoritarians, they will reap the contempt and isolation they so richly deserve.”

    MIL OSI USA News –

  • MIL-OSI USA: Team Maryland Joins President Biden to Celebrate $147 Million Investment to Create Clean Jobs and Support the Port of Baltimore’s Zero-Emission Goals

    US Senate News:

    Source: United States Senator for Maryland Ben Cardin
    ANNAPOLIS, Md. — U.S. Senators Ben Cardin and Chris Van Hollen joined Governor Wes Moore today joined President Joseph R. Biden at the Port of Baltimore to celebrate more than $147 million in federal funding to create good-paying, clean jobs and to expedite decarbonization and electrification efforts at the Port. The U.S. Environmental Protection Agency awarded the funding to the Port of Baltimore through its Clean Ports Program, created under President Biden’s Inflation Reduction Act. 
    “The Port of Baltimore is a vital economic engine for the state and a leader among the nation’s ports. As we work to improve the port, it is essential that we build for the future. The projects supported by the Clean Ports Program will help reduce emissions, improve air quality in the Baltimore region and create more clean energy jobs,” said U.S. Senator Ben Cardin. “The Biden-Harris Administration’s bold investments in modernizing our infrastructure are driving our economy forward while enabling us to take on climate change in a meaningful way.” 
    “In Maryland, we aren’t going to choose between building a competitive state and a sustainable one -— we will do both at the same time,” said Gov. Moore. “In partnership with the Biden-Harris Administration, we are investing in the Port of Baltimore and electrifying the way to a greener, cleaner, and healthier future with a strong economy and good-paying jobs.”  
    The Port of Baltimore generates about 20,300 direct jobs, with more than 273,000 jobs overall linked to port activities. The funding will enable the Maryland Port Administration and its private partners to purchase 213 pieces of new zero-emission vehicles, equipment, and charging infrastructure that will replace old, inefficient, and polluting diesel combustion engines. The funding will also pay for capacity upgrades to the port’s electrical grid, which will help significantly reduce greenhouse gas emissions with an estimated 35% decrease in carbon dioxide equivalency compared to 2020 levels. 
    “We fought to pass the Inflation Reduction Act to create good-paying jobs in our communities while tackling the climate crisis head-on, and today’s announcement shows these investments are being put to work,” said U.S. Senator Chris Van Hollen. “This new federal funding will support the Port of Baltimore’s transition to electric infrastructure as part of its plans to reduce emissions – both bolstering the port’s growth and improving air quality for nearby communities. These efforts will help strengthen Baltimore’s economy and create more local jobs for Marylanders.” 
    “The tremendous projects selected for these federal funding awards will improve air quality and combat climate change by dramatically diminishing the Port of Baltimore’s greenhouse gas and toxic pollutant emissions via installation of zero-emission cargo handling equipment and trucks, while also bolstering the Maryland Port Administration’s overall emissions reduction strategy. These extraordinary federal investments into our port are consistent with our collective duty to preserve the planet – while also continuing to uplift the Port of Baltimore’s workforce and surrounding communities in the transition to a zero-emissions facility,” said Congressman Kweisi Mfume. “As exemplified by this compelling announcement, the historic Inflation Reduction Act continues to tackle the climate crisis with fierce urgency right here in Baltimore.”
    “The Biden-Harris Administration’s Investing in America agenda continues to leave no community behind and promote clean air and water in communities that have long borne the brunt of pollution,” said Congressman Steny Hoyer. “Thanks to the Inflation Reduction Act that I brought to the House Floor as Majority Leader last Congress, the Port of Baltimore is getting the tools it needs to upgrade its equipment, improve electric charging infrastructure, and fight the climate crisis in a way that benefits Marylanders across the state. As Chair of the Regional Leadership Council, I appreciate Administrator Regan and the Biden-Harris Administration’s partnership as we continue to ensure the historic investments Democrats passed last Congress reach every community in America. We must continue to work together to strengthen the Port of Baltimore and ensure environmental justice for all Marylanders.”
    “The Port of Baltimore is a critical hub for Maryland and our nation as a whole, supporting good-paying jobs, driving economic growth and keeping goods and resources moving. This investment will improve the health of our region’s environment and provide cleaner air for port workers and nearby communities – all while ensuring that the Port remains a thriving center of commerce for generations to come,” said Congressman John Sarbanes. “I appreciate the Biden-Harris Administration for its continued partnership to enhance clean energy and improve infrastructure in Maryland, and for its tireless efforts to advance environmental justice and create a greener, more sustainable future across the country.”
    “This critical investment into the Port of Baltimore will not only keep us globally competitive, but will help mitigate pollution driving climate change,” said Congressman Dutch Ruppersberger. “The Port of Baltimore has always been at the forefront of efficiency and productivity and now we are leading the nation environmentally. I am proud to have supported this funding request and thank the Biden Administration for this strategic and responsible use of tax dollars.”
    Federal grant funding will also support community engagement with neighborhoods such as Turner Station, Brooklyn, and Curtis Bay.  
    “These improvements will provide an immediate impact to the people who live and work around the Port of Baltimore and who have borne the brunt of transportation-related health impacts,” said Maryland Department of Transportation Secretary Paul Wiedefeld. “Thanks to the EPA’s grants, the Port of Baltimore and its partners are accelerating their collective efforts to support Maryland’s climate goals of reaching net zero by 2045.” 
    Today’s announcement builds on the Biden Administration’s championship of the Port of Baltimore and the State of Maryland’s infrastructure needs, which includes the recent $30.9 million Infrastructure for Rebuilding America award for Dundalk Marine Terminal Reconstruction of Berth 11 and the $7.5 million award for Curtis Creek Drawbridge Rehabilitation and Resiliency projects. The projects directly advance the federal government and State of Maryland’s partnership to recover and rebuild after the DALI struck the Francis Scott Key Bridge.
    “The Maryland Port Administration is committed to integrating our overall mission of increasing cargo and generating jobs through the Port of Baltimore with forward-looking environmental and sustainability solutions,” said Maryland Port Administration Executive Director Jonathan Daniels. “Our customers and port partners are driven to change the way they do business to reduce greenhouse gas emissions, decarbonize, increase electrification throughout our marine terminals, and, most importantly, positively impact our near-port environmental justice communities.”
    To learn more about the clean port project and its benefits, read the Port of Baltimore’s grant proposal. 

    MIL OSI USA News –

  • MIL-OSI USA: Cardin, Van Hollen, Hoyer, Ruppersberger Announce Over $7.5 Million for Carroll County Regional, Tipton, and Martin State Airports

    US Senate News:

    Source: United States Senator for Maryland Ben Cardin

    WASHINGTON – U.S. Senators Ben Cardin and Chris Van Hollen, Congressmen Steny Hoyer and Dutch Ruppersberger (all D-Md.), today announced $7,556,842 in U.S. Department of Transportation awards to Carroll County Regional, Tipton and Martin State Airports for necessary upgrades to modernize their facilities and improve passenger comfort. 

    “The landmark infrastructure law enacted by President Biden in 2021 continues to invest in Maryland,” said Senator Cardin.  “It recognized that our airports, both large and small, have aging and outdated facilities that require upgrades to meet the changing demands on our aviation system and keep it safe and competitive.”

    “Our local airports are important transportation hubs that support our state’s economy, ensuring that travelers and goods get where they need to go. We fought for these investments to support the Carroll County Regional, Tipton, and Martin State airports in serving the growing needs of Maryland’s businesses, residents, and visitors,” said Senator Van Hollen.

    “President Biden and Vice President Harris’ Investing in America agenda continues to deliver for Maryland’s airports and boost our economic competitiveness,” said Congressman Hoyer. “As Chair of the Regional Leadership Council, I have worked with House Democrats and top officials in the Biden-Harris Administration to ensure that every community in America can see and feel the impact of the historic laws that Democrats passed in the 117th Congress. I was pleased to work with Team Maryland to secure these Bipartisan Infrastructure Law funds for Carroll County Regional Airport, Martin State Airport, and Tipton Airport, which will create good jobs and provide a more reliable air travel experience. Together, we will continue to lower costs, create jobs, and ensure our state’s economy works for all Marylanders.”

    “The bipartisan infrastructure law continues to reap rewards for Maryland and Marylanders including this funding for local airports, which provide a critical connection to communities and economies throughout the region,” said Congressman Ruppersberger. “This is a strategic investment that will make our airports safer, more comfortable and convenient. I look forward to even more upgrades to our nation’s aging transportation infrastructure to come.”

    The funding was awarded by the U.S. Department of Transportation’s Airport Improvement Program and Airport Terminal Program.

    The federal grants have been awarded as follows:

    1. $3,612,000. Carroll County Regional Airport: To remove a building and relocate fencing identified as obstructions by the FAA.
    2. $2,944,842, Tipton Airport: To construct a 6,000 square-foot terminal to accommodate the movement of passengers and baggage.
    3. $1,000,000, Martin State Airport: To fund the funds the construction of a new Airport Traffic Control Tower, replacing the 82-year-old sponsor-owned tower that has reached the end of its useful life.

    The Airport Improvement Program funds various types of airport infrastructure projects across the country, including repairs and upgrades to runways, taxiways, airport signage, lighting and markings – all while creating thousands of good-paying, local jobs. The members have consistently fought to provide funds for airports and terminal operators, including through the fiscal year 2024 appropriations process, which makes $3.35 billion available from the Airport and Airway Trust Fund and an additional $532 million from the general fund for AIP projects.

    The Airport Terminal Program was created in 2021 through the lawmakers’ efforts to pass the Infrastructure Investment and Jobs Act. Funded at $1 billion in fiscal year 2024, the Airport Terminal Program supports safe, sustainable, and accessible airport terminals, on-airport rail access projects, and airport-owned airport traffic control towers.

    MIL OSI USA News –

  • MIL-OSI New Zealand: Rooted in Education

    Source: Auckland Council

    Thanks to a generous $10,000 boost from the Howick Local Board, seven schools and early childcare centres in the area, are now thriving as active Garden To Table schools.

    Garden To Table is a school-based food and gardening programme and as a registered charity, they support schools and kura across Aotearoa, New Zealand, to take the learning out of the classroom and into the māra kai (garden) and the kīhini (kitchen).

    Across East Auckland, being a Garden To Table school gives students the opportunity to dig into hands-on activities, unleash their creativity, and grow lifelong skills – all while learning how cutting food waste can help them cultivate healthier, locally sourced food.

    Pakuranga Faith Baptist Kindergarten. L: tamariki harvesting vegetables from their garden to make kai. R: trolley made from rescued ‘waste’ materials, this is used for their Garden to Table ‘Harvest Table’ and equipment.

    Board chair Damian Light explains, “We’re proud to support this programme which delivers on a number of our strategic priorities, including promoting healthy living and sustainable lifestyles, reducing waste to landfill, and allowing people to connect with nature.”

    Funding was allocated for essential kitchen utensils and equipment, Garden To Table curriculum staff training and introductory sessions for programme champions, kitchen and garden specialists, as well as child-friendly aprons crafted by Sustainable Papakura volunteers.

    Howick Primary School: During a Garden to Table session, making pizza scrolls with lots of herbs from their garden.

    Ormiston Primary School teacher and programme champion Jenny Moon shares, “Our Garden To Table program has been a hit with the students. We’ve purchased kitchen equipment and composting bins. It’s wonderful to see them engage in planting, caring for the plants, and harvesting ingredients!”

    Students participating in Garden to Table Programmes:

    Name of School / ECE

    Number of students participating in Garden to Table

    Cockle Bay Primary School

    112

    Howick Primary

    311

    New Shoots Pakuranga

    40

    Ormiston Primary School

    50

    Mission Heights Primary School

    380

    Pakuranga Heights Primary School

    84

    Baptist Kindergarten Pakuranga

    15

    Total Students Participating

    992

    Cockle Bay School: flourishing edible garden.

    Stay connected

    Sign up to receive our Howick Local Board monthly e-newsletters.

    MIL OSI New Zealand News –

  • MIL-OSI USA: Groundbreaking Celebrates State-of-the-Art Nursing Building

    Source: US State of Connecticut

    The University of Connecticut held a groundbreaking ceremony for its new School of Nursing Building on Wednesday, Oct. 30 amidst a crowd of students, benefactors, and University and state officials.

    Construction on the building will begin in November and is scheduled to be completed for the fall of 2026. It will be located on Bolton Road near the South Campus dormitories and strategically adjacent to existing clinical, academic, and research spaces.

    A $50 million gift from Elisabeth DeLuca ’69 (NUR) will support the construction of facility for the UConn School of Nursing along with generous state support.

    Inspired by her mother’s guidance, DeLuca pursued a degree in nursing and graduated from UConn. Her training and work experience as a nurse instilled in her a lifelong appreciation for both the professionalism and compassion that nurses provide. As her husband’s business grew over the next several years, she joined him in running what would ultimately become a global restaurant chain. Today, she serves as President of the Elisabeth C. DeLuca Foundation and the Frederick A. DeLuca Foundation, which are focused on access to education and health.

    “Nurses are a special breed, and if you ever have a chance to meet UConn nursing students, they are amazing and they get an education that will serve them well in life, not only in their profession, but in all aspects of life, and that’s what happened to me at UConn,” said DeLuca at the ceremony.

    Elisabeth DeLuca ’69 (NUR) speaks during the groundbreaking ceremony for the new School of Nursing building on Oct. 30, 2024. (UConn Photo)

    “I have a passion for letting nurses be more prepared for when they enter the work force. We are working with curriculum ideas and other innovations to make them more ready to be practicing on patients and to face the real work of clinical practice,” she said. “I also think we have a responsibility to work with employers in the state to make the nursing profession be more respected and acknowledged, and have nurses be part of the collaboration with decision making in health care.”

    DeLuca’s gift is the largest in the history of the University for any purpose. $20 million of DeLuca’s gift will go directly to construction costs of the School of Nursing Building, while $5 million will fund equipment for the building, and the remainder of the gift will be used for student scholarships and programmatic support.

    The balance of the construction costs will be funded through UConn 2000 and State of Connecticut bonding.

    “I was reminded how important nurses were during the worst days of COVID – when no one was going to work, except for the nurses – everyday. They have heart, tenderness and save lives,” said Governor Ned Lamont. “After COVID, when things were settling down a little bit, I realized the long hours our nurses were still working.

    “I found out there were thousands of people applying to be nursing students at UConn and we weren’t able to place many of them. And Liz, that’s why you are here – because you are a nurse, and you know what it means. You are giving nursing students the tools to think about how they can perform their job in a patient-centric way. We desperately needed this in Connecticut, and thank you for stepping up and doing the right thing.”

    “UConn nurses have always been leaders and innovators who drive meaningful and important change in health care,” said UConn President Radenka Marick. “This facility will position them as national leaders in their discipline, at a time when skilled and educated nurses are needed more than ever.

    Victoria Vaughan Dickson, dean of nursing, speaks during the groundbreaking ceremony for the new School of Nursing building on Oct. 30, 2024. (UConn Photo)

    “Thanks to the transformative generosity of this gift, we will be able to provide scholarships and programmatic support for a dynamic nursing education that includes patient-centered practice, interdisciplinary research, and technological innovation.”

    The new building will be about 90,000 square feet and include the following program elements: instructional spaces, including a lecture hall and classrooms; simulation labsuite; human behavioral research lab; wet lab; student academic center; offices and support spaces.

    “Thousands of prospective nurses apply every year to join the School of Nursing, and in August we welcomed our largest ever incoming class. But as our School has developed and our national reputation has continued to grow, we once again find ourselves in need of a new home,” said Dean of the School of Nursing Victoria Vaughan Dickson. “Not surprisingly, it was a UConn nurse who came to the rescue. The tremendous generosity of alumna Elisabeth DeLuca is enabling us not only to move into the first-ever purpose-built home for the School of Nursing, but to greatly expand our programmatic offerings and scholarship assistance.”

    “My mom passed away when I was 14 from a long battle with cancer. I didn’t remember the medication or the treatments that she was getting, but the one thing I remember is the nurses who took care of her,” said Samuel Geisler ’25 (NUR), the vice president of the nursing senior class, who is from Newington and a member of the men’s track and field team. “When I saw nursing was a major offered at UConn, everything made sense. Nursing at UConn has done more for me as a person than I could ever imagine. The School of Nursing has not only given me the knowledge and critical thinking skills to become the best nurse I can possibly be, but it’s also given me the gift of compassion, ferocity and selflessness.”

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  • MIL-OSI Security: Five Men Arrested for Conspiring to Distribute Over 150 Kilograms of Cocaine

    Source: Office of United States Attorneys

    MIAMI – On Oct. 29, five men, Carlos Manuel Velazquez Gomez, 43, David Martinez, 53, Juan Antonio Rivera Velasquez, 45, Onasis Lisandro Garcia, 49, and Richard John Sydney-Smith, 62, had their initial appearances on their respective federal criminal complaints which charge the defendants with conspiring to possess with intent to distribute over 150 kilograms of cocaine.

    On Oct. 27, Sydney-Smith and Garcia were traveling on a boat 2 miles east of Port Everglades, when they were intercepted by the U.S. Coast Guard and found to be transporting over 150 kilograms of cocaine. The investigation further yielded the arrests of Rivera Velasquez, Velazquez Gomez, and Martinez on Oct. 28, who were waiting in Fort Lauderdale, Fla. for the cocaine delivery.

    Pre-trial detention hearings have been scheduled in these matters for Nov. 1 and Nov. 4.

    U.S. Attorney for the Southern District of Florida Markenzy Lapointe and Special Agent in Charge Anthony Salisbury of Homeland Security Investigations (HSI), Miami, made the announcement.

    HSI Miami investigated this case with invaluable assistance from the U.S. Coast Guard and Customs and Border Patrol (CBP) Air and Marine Units. Assistant U.S. Attorney Latoya C. Brown is prosecuting it. 

    A criminal complaint contains allegations. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov, under case numbers 24-mj-6500, 24-mj-6501, 24-mj-6502, 24-mj-6504, and 24-mj-6505.

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  • MIL-OSI Security: Bank Robber Sentenced to Three-and-a-Half Years in Prison

    Source: Office of United States Attorneys

    PHOENIX, Ariz. – Justin Eric Lindsay, 29, of Phoenix, was sentenced last week by United States District Judge David G. Campbell to 42 months in prison, followed by 36 months of supervised release. On June 27, 2024, Lindsay pleaded guilty to two counts of Bank Robbery.

    Between August 2023 and January 2024, Lindsay robbed six banks before he was arrested by agents from the Federal Bureau of Investigation. During two of the robberies, Lindsay falsely claimed he had a firearm.

    This case was part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and make our neighborhoods safer for everyone. The Department of Justice reinvigorated PSN in 2017 as part of the Department’s renewed focus on targeting violent criminals, directing all U.S. Attorneys’ Offices to work in partnership with federal, state, local, and tribal law enforcement and the local community to develop effective, locally-based strategies to reduce violent crime.

    The Federal Bureau of Investigation, with the assistance of Tempe Police Department, Mesa Police Department, and Task Force Officers from the Peoria Police Department and the Phoenix Police Department conducted the investigation in this case. The United States Attorney’s Office, District of Arizona, Phoenix, handled the prosecution.
     

    CASE NUMBER:                   CR-24-00147-PHX-DGC
    RELEASE NUMBER:           2024-148_Lindsay

    # # #

    For more information on the U.S. Attorney’s Office, District of Arizona, visit http://www.justice.gov/usao/az/
    Follow the U.S. Attorney’s Office, District of Arizona, on X @USAO_AZ for the latest news.

     

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  • MIL-OSI Security: Manchester, NH Man Sentenced to 3 Years for Wire Fraud, Identity Theft

    Source: Office of United States Attorneys

    Dominic Barbosa stole mail from across New England and used identities to open accounts

    PORTLAND, Maine:  A Manchester, New Hampshire man was sentenced today in U.S. District Court in Portland for committing wire fraud and aggravated identity theft.

    U.S. District Judge Nancy Torresen sentenced Dominic Barbosa (aka Christopher Barnhart), 29, to 12 months imprisonment on the wire fraud charge and 24 months on the aggravated identity theft charge, to be served consecutively, followed by two years of supervised release. He was also ordered to pay $51,804.40 in restitution. Barbosa pleaded guilty on May 13, 2024.

    According to court records, from at least March 2019 through March 2022, Barbosa obtained the identifications of individuals without their knowledge or consent. Barbosa stole mail in Massachusetts, New Hampshire and Maine, including bank account statements, tax returns, and other documents containing others’ means of identification. He kept records of that information to use in the scheme. As part of the scheme, Barbosa would apply for duplicate licenses for others, often changing the address, and then use the stolen identification information and duplicate driver’s licenses to open bank accounts, credit card accounts and lines of credit in others’ names. He also used the stolen identifications to make purchases or enter into contracts. When questioned by a U.S. Postal Inspector, Barbosa stated he had a cloud database with stolen identities, and investigators in Massachusetts found bins of mail and photocopies of identifying information in a storage unit Barbosa rented. 

    The Maine Bureau of Motor Vehicles, South Berwick Police Department, Litchfield Police Department (NH), North Reading Police Department (MA), Salem Police Department (NH), and U.S. Postal Inspection Service investigated the case.

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  • MIL-OSI Security: Waterville Woman Pleads Guilty to Directing Another to Illegally Purchase a Firearm for Her

    Source: Office of United States Attorneys

    Nikeshia Knight paid for the purchase made and provided the straw purchaser with fentanyl after the sale

    BANGOR, Maine: A Waterville woman pleaded guilty today in U.S. District Court in Bangor to aiding and abetting another individual in making false statements during the purchase of a firearm.

    According to court records, after a Glock pistol was recovered following a July 2022 arrest in Salem, Massachusetts, an investigation by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) revealed the firearm had been purchased at a federally licensed firearms dealer (FFL) in Fairfield, Maine the prior month. ATF contacted the dealer who provided a copy of the ATF Form 4473 associated with the purchase. The FFL also provided ATF with a 4473 associated with another firearm purchase on June 16, 2022. Further investigation revealed that a second individual, Nikeshia Knight, 25, was involved in this purchase. When interviewed, Knight admitted that she had used a straw purchaser to acquire the firearm because she would not pass a background check, providing the individual with money for the purchase and with fentanyl after it was successfully made. Text messages between Knight and the proxy purchaser confirmed that Knight directed the purchase. 

    Knight faces a maximum of five years in prison and up to a $250,000 fine to be followed by up to three years of supervised release. She will be sentenced after the completion of a presentence investigation report by the U.S. Probation Office. A federal district judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The ATF investigated the case.

    STRAW PURCHASING: A straw purchase is an illegal firearm purchase where the actual buyer of the gun, being unable to pass the required federal background check or desiring to not have his or her name associated with the transaction, uses a proxy buyer who can pass the required background check to purchase the firearm for him/her.

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  • MIL-OSI Security: Former Officer Pleads Guilty to Embezzling More than $30,000 from DC Department of Corrections Union

    Source: Office of United States Attorneys

               WASHINGTON – Andra Parker, 65, of Capitol Heights, Maryland, pleaded guilty today to wire fraud for embezzling tens of thousands of dollars from a D.C. Department of Corrections Labor Union.

               The guilty plea was announced by U.S. Attorney Matthew M. Graves, FBI Acting Special Agent in Charge David Geist of the Washington Field Office Criminal and Cyber Division, and Special Agent in Charge Troy W. Springer of the National Capital Region, U.S. Department of Labor – Office of Inspector General (DOL-OIG).

               Parker, a former D.C. Corrections officer, served as Chairman of the Labor Committee, an organization that represents all members of the D.C. Department of Corrections, from June 2018 through approximately April 2019. As Chairman, Parker had full access to the Labor Committee’s bank accounts to carry out his official duties and was issued a debit card.

               As part of his guilty plea, Parker admitted that he misappropriated more than $30,000 of union funds to pay for unofficial travel, lodging, and entertainment for him and his friends. For example, he spent more than $7,000 on a trip to New York city for his friends and him, including $4,000 on rooms and expenses at a Times Square hotel, more than $370 on tickets to a New York Knicks game, and an additional $616 on tickets to Summer: The Donna Summer Musical. He also spent more than $2,000 in union funds to purchase four tickets to a Diana Ross concert in North Bethesda, Maryland.

               The Honorable Rudolph Contreras, who accepted Parker’s guilty plea, scheduled sentencing for March 6, 2025. 

               This case was investigated by the FBI’s Washington Field Office and the DOL-OIG. Assistance was also provided by the DOL – Office of Labor-Management Standards.

               This case is being prosecuted by Assistant U.S. Attorneys Joshua Gold and Kondi Kleinman of the Fraud, Public Corruption, and Civil Rights Section, with assistance from Paralegal Specialist Sonalika Chaturvedi.

    23cr0186

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  • MIL-OSI Security: Independence Man Sentenced for Child Pornography

    Source: Office of United States Attorneys

    KANSAS CITY, Mo. – An Independence, Mo., man was sentenced in federal court today after being identified in two separate federal investigations sharing videos and images of child pornography online.

    Joseph L. Schutz, 39, was sentenced by U.S. District Judge Howard F. Sachs to 13 years and four months in federal prison without parole. The court also sentenced Schutz to 10 years of supervised release following incarceration. Schutz will be required to register as a sex offender upon his release from prison and will be subject to federal and state sex offender registration requirements, which may apply throughout his life.

    On Oct. 24, 2023, Schutz pleaded guilty to one count of distributing child pornography over the internet and one count of possessing child pornography.

    An FBI task force officer in Milwaukee, Wisconsin, posing undercover as an adult female, was conducting an investigation utilizing the Kik Messenger application in May 2020. The undercover officer joined multiple private groups dedicated to individuals interested in child pornography and whose members openly shared such material within the group. Schutz admitted that he received multiple videos and images of child pornography within one of these Kik groups, and also shared multiple videos and images of child pornography within the group.

    On May 14, 2020, law enforcement officers executed a search warrant at Schutz’s residence. Investigators found 18 images of child erotica and eight images of child pornography on Schutz’s cell phone.

    In July and August 2022, an FBI investigator in Texas communicated online with Schutz while conducting an undercover investigation. The undercover investigator posed as a 13-year-old female. Between July 28 and Aug. 1, 2022, Schutz invited the undercover investigator into a Kik group dedicated to the exchange of child pornography. During that time, Schutz admitted, he shared multiple videos of child pornography within the group.

    This case was prosecuted by Assistant U.S. Attorney David Luna. It was investigated by the FBI, the Kansas City, Mo., Police Department, and the Independence, Mo., Police Department.

    Project Safe Childhood

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

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  • MIL-OSI Security: New Orleans Man Guilty of Being Felon in Possession of Ammunition

    Source: Office of United States Attorneys

    NEW ORLEANS, LOUISIANA – U.S. Attorney Duane A. Evans announced that on October 19, 2024,  AVERY JULIEN (“JULIEN”), age 28, a resident of New Orleans, pled guilty to being a felon in possession of ammunition, in violation of 18 U.S.C. §§ 922(g)(1) and 924(a)(2).  JULIEN faces up to 15 years imprisonment, a fine of up to $250,000.00, up to 3 years of supervised release, and a mandatory special assessment fee of $100.00.

    According to court records, on September 14, 2022, Jefferson Parish Sheriff’s Office deputies and New Orleans Police Department officers executed a search warrant at JULIEN’s New Orleans residence after learning that JULIEN may have committed a carjacking in Jefferson Parish.  During the search of his residence, two firearms, a Sig Sauer Model P229, .40 caliber semi-automatic pistol, and a Sig Sauer Model P250, .40 caliber semi-automatic pistol, were located in JULIEN’s bedroom.

    Federal law prohibits convicted felons, such as JULIEN, from possessing firearms.  In 2018, JULIEN was convicted of felonies in two separate cases in Orleans Parish Criminal District Court.  JULIEN knew he had been convicted of these felonies at the time that he possessed the ammunition.  United States District Judge, Brandon S. Long, will sentence JULIENon February 4, 2025. 

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

    The case was investigated by the Federal Bureau of Investigation, the Jefferson Parish Sheriff’s Office, and the New Orleans Police Department.  It is being prosecuted by Assistant United States Attorney Brittany Reed of the Public Integrity Unit.

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  • MIL-OSI Security: Minneapolis Man Sentenced to Prison for Insider Trading Scheme

    Source: Office of United States Attorneys

    ST. PAUL, Minn. – A Minneapolis man has been sentenced to 18 months in federal prison, followed by two years of supervised release, and 320 hours of community service for an insider trading conspiracy involving nonpublic negotiations for the acquisition of a medical device company valued at $1.6 billion, announced First Assistant U.S. Attorney Lisa D. Kirkpatrick.

    According to evidence presented at trial, beginning in January 2018 through at least August 2020, Doron “Ron” Tavlin, 69, of Minneapolis, and Afshin “Alex” Farahan, 58, of Los Angeles, engaged in an insider trading conspiracy. The conspiracy involved nonpublic information about the acquisition of Mazor Robotics, an Israeli-based company that specialized in robotics for spinal procedures, by Medtronic, Inc., an Ireland-based medical device company that primarily operated from its executive headquarters in Minneapolis. Tavlin, while working as vice president of business development at Mazor Robotics, learned material, nonpublic information about Medtronic’s impending acquisition of his company. In violation of federal law and his duty to his former employer, Mazor Robotics, Tavlin tipped this information about the acquisition to his friend, Farahan, and instructed him to buy shares in the company. Tavlin and Farahan knew that Medtronic’s imminent acquisition of Mazor would likely result in an increase in Mazor’s stock price. Farahan used the nonpublic information tipped by Tavlin to quickly buy more than $1 million of Mazor stock throughout August and September 2018. The morning after the secret acquisition was publicly announced, Farahan immediately sold all the stock he had purchased over the preceding weeks based on Tavlin’s illegal tip, which resulted in a profit of over $246,000. According to evidence presented at trial, after the acquisition occurred, Tavlin learned that the Financial Industry Regulatory Authority (FINRA) was investigating certain trades of Mazor securities that occurred prior to the publicly announced acquisition. As part of its inquiry, FINRA asked Tavlin, and other insiders who knew about the secret acquisition negotiations, whether he knew any of the parties who traded in Mazor securities leading up to the public announcement. In January 2019, Tavlin responded to FINRA’s inquiry by falsely denying that he recognized any names on a list of persons and entities that purchased Mazor securities, which included Farahan.

    According to evidence presented at trial, the insider trading conspiracy included an agreement between Tavlin and Farahan that Farahan would pay money to Tavlin in exchange for the material, nonpublic information.

    On February 16, 2024, Tavlin was found guilty on one count of conspiracy to commit insider trading and ten counts of securities fraud and aiding and abetting securities fraud following a nine-day trial. He was sentenced yesterday in U.S. District Court by Judge Donovan W. Frank.

    Farahan pleaded guilty on August 4, 2022, to one count of conspiracy to engage in insider trading. His sentencing hearing will be scheduled at a later time.

    This case is the result of an investigation conducted by the FBI.

    Assistant U.S. Attorneys Matthew S. Ebert, Robert M. Lewis, and William C. Mattessich prosecuted the case. 

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  • MIL-OSI Security: Defendant pleads guilty to throwing incendiary device, causing fire in local grocery store

    Source: Office of United States Attorneys

    CINCINNATI – A local man pleaded guilty in U.S. District Court here today to damaging a Spring Grove Village grocery store with an incendiary device in the style of a Molotov cocktail.

    Donald Donatelli, 28, currently of Batavia, admitted to causing malicious damage and destruction of a building in interstate commerce. The plea agreement includes a recommended sentence of 66 months in prison.

    According to court documents, at approximately 10pm on Nov. 26, 2023, Donatelli threw the incendiary device into the store while the store’s owner and his wife were inside. The store was open at the time of the fire.

    Donatelli had traveled to the grocery store on Gwinnet Drive with a co-defendant. Donatelli approached the front glass doors of the grocery store and had a bottle of gasoline with a rag inside. He lit the rag and threw the bottle inside the front doors while the co-defendant filmed a Snapchat video of the crime.

    A federal grand jury indicted Donatelli and the co-defendant in April 2024. Charges remain pending against Angela Schweitzer, 35.

    Kenneth L. Parker, United States Attorney for the Southern District of Ohio, and Daryl S. McCormick, Special Agent in Charge, U.S. Bureau of Alcohol, Tobacco, Firearms & Explosives (ATF), announced the guilty plea entered today before U.S. District Judge Matthew W. McFarland. U.S. Attorney Parker and Special Agent in Charge McCormick acknowledged the assistance of the Cincinnati Fire Department, Cincinnati Police Department, Hamilton County Sheriff’s Office and Union Township Police Department. Assistant United States Attorney Megan Gaffney Painter is representing the United States in this case.

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  • MIL-OSI Security: Four members of Tidewater drug trafficking conspiracy and two who supplied firearms sentenced to prison

    Source: Office of United States Attorneys

    NORFOLK, Va. – Four people have been sentenced to prison for their roles in a drug trafficking conspiracy that distributed methamphetamine and other drugs in the Tidewater area.  Two others have been sentenced to prison for providing firearms to one of the members of the drug trafficking conspiracy.

    By the fall of 2021, Leonard Tromell Brooks, 41, of Virginia Beach, a previously convicted drug trafficker, was conspiring with Kyle Derek Dean, 33, and Katie Loren Harbor, 29, both of Norfolk, to traffic significant quantities of methamphetamine in the Tidewater area. By January 2022, Colin Thomas Costello, 35, of Virginia Beach, had joined the conspiracy.

    On March 15, 2022, Dean transported Harbor so she could sell 3.41 grams of meth to an individual in Virginia Beach. On April 20, 2022, Dean sold 2.78 grams of meth to another individual in Norfolk.

    On April 6, 2022, Costello sold 26.05 grams of meth, and on April 12, 2022, Costello sold 67.50 grams of meth. On April 22, 2022, law enforcement conducted a traffic stop on Costello in Virginia Beach. Prior to coming to a stop, Costello tossed 58.83 grams of meth from the vehicle’s window.

    On April 20, 2022, and again on April 21, 2022, Brooks sold cocaine from a residence in Virginia Beach. Law enforcement learned that Brooks was expecting a shipment of meth from his Florida-based supplier to arrive in Virginia via train on April 22, 2022. They intercepted the courier and recovered five kilograms of 100% pure meth, commonly known as “ice” or “crystal” meth. On at least two previous occasions, Brooks ordered similar quantities of crystal meth for further distribution by Dean, Harbor, and Costello.

    On April 22, 2022, law enforcement executed search warrants at residences affiliated with all four conspirators. From Brooks’ residence, investigators recovered 219 grams of cocaine, 7.9 ounces of marijuana, $26,388 in drug-trafficking proceeds, a .45 caliber handgun, and ammunition. From Dean and Harbor’s residence investigators recovered 3.07 grams of meth, a ledger showing amounts of money owed to Dean and Harbor, digital scales, and packaging materials, as well as another 4.12 grams of meth found on Dean’s person. From Costello’s residence investigators recovered 405 grams of meth, quantities of fentanyl and cocaine, packaging materials, scales, and 14 firearms.

    As a previously convicted felon, Costello could not legally possess firearms. Jonathan Morrell Scott, 37, of Virginia Beach, straw purchased four firearms for Costello prior to April 22, 2022. On July 26, 2023, Scott pled guilty to making a false statement during the purchase of a firearm. On Dec. 12, 2023, Scott was sentenced to four months in prison.

    Costello’s girlfriend, Amber Dawn Hendricks, 40, of Virginia Beach, purchased four firearms in the two months preceding the search, including two purchased just two days before the search, despite being a user of and addicted to meth. She kept those firearms in the residence she shared with Costello. Despite being prohibited from possessing firearms, she and Costello kept a total of 11 firearms in their bedroom at the residence. On May 7, 2024, Hendricks was charged with possession of a firearm by a prohibited person. On Oct. 2, 2024, Hendricks was sentenced to two years and six months in prison.

    On Jan. 26, 2023, Costello pled guilty to conspiracy to distribute and possess with intent to distribute methamphetamine; manufacture, distribution, and possession with intent to distribute a Schedule II controlled substance; and possessing, using, and carrying firearms in furtherance of and during and in relation to a drug-trafficking crime. Costello was sentenced today to 20 years in prison.

    On Jan. 24, 2023, Dean pled guilty to conspiracy to distribute and possess with intent to distribute methamphetamine and distribution of methamphetamine. On June 15, 2023, Dean was sentenced to 18 years in prison.

    On Jan. 12, 2023, Harbor pled guilty to conspiracy to distribute and possess with intent to distribute methamphetamine and distribution of methamphetamine. On June 1, 2023, Harbor was sentenced to nine years in prison.

    On Jan. 10, 2023, Brooks pled guilty to conspiracy to distribute and possess with intent to distribute methamphetamine; manufacture, distribution, and possession with intent to distribute a Schedule II controlled substance; and possessing, using, and carrying firearms in furtherance of and during and in relation to a drug-trafficking crime. On May 12, 2023, Brooks was sentenced to 20 years in prison.

    Jessica D. Aber, U.S. Attorney for the Eastern District of Virginia; Jarod Forget, Special Agent in Charge for the Drug Enforcement Administration’s Washington Division; James VanVliet, Acting Special Agent in Charge of the Bureau of Alcohol, Tobacco, Firearms and Explosives Washington Field Division; Derek W. Gordon, Special Agent in Charge of Homeland Security Investigations Washington, D.C.; Damon E. Wood, Inspector in Charge of the Washington Division of the U.S. Postal Inspection Service; Mark Talbot, Chief of Norfolk Police; Paul Neudigate, Chief of Virginia Beach Police; and Ramin Fatehi, Norfolk Commonwealth’s Attorney, made the announcement after sentencing by U.S. District Judge Arenda Wright Allen.

    Assistant U.S. Attorney Kristin G. Bird and Special Assistant U.S. Attorney Graham M. Stolle, an Assistant Commonwealth’s Attorney with the Norfolk Commonwealth’s Attorney Office, prosecuted the case.

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

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Eastern District of Virginia. Related court documents and information are located on the website of the District Court for the Eastern District of Virginia or on PACER by searching for Case Nos. 2:22-cr-126 (Brooks, Dean, Harbor, and Costello), 2:23-cr-48 (Hendricks), and 2:23-cr-51 (Scott).

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