Category: KB

MIL-OSI: NFT Limited Announces Filing of the 2024 Annual Report on Form 20-F

Source: GlobeNewswire (MIL-OSI)

Hong Kong, July 11, 2025 (GLOBE NEWSWIRE) — NFT Limited (“MI” or the “Company”) (NYSE: MI) today announced that on April 30, 2025, the Company filed its annual report on Form 20-F for the year ended December 31, 2024 (the “Form 20-F”) with the U.S. Securities and Exchange Commission (the “SEC”).

In compliance with the New York Stock Exchange rules, the Form 20-F is available on the Company’s website at www.nftoeo.com. In addition, all shareholders of the Company may request, free of charge, a hard copy of the Company’s complete audited financial statements filed with the SEC. To request a hard copy of the Company’s audited financial statements, or for any other inquiry in respect of this press release, please contact the Investor Relations Department of the Company, whose contact information is as follows: IR@nft-limited.com

About NFT Limited

NFT Limited (formerly known as Takung Art Co Ltd.) operates an online electronic platform (www.nftoeo.com) for offering and trading of digital artwork. Through its platform, the Company allows artists/art dealers/owners to access a much bigger art trading market where they can engage with a wide range of investors. It generates revenue in the form of services in connection with the offering and trading of artwork on its platform, primarily consisting of listing fees, trading commissions, and management fees. Please visit: www.nftoeo.com.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Federal Securities Act, including but not limited to our expectations of future financial performance, business strategy or business. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. NFT warns that forward-looking statements are subject to many assumptions, risks and uncertainties that will change over time. Forward looking statements may be identified by words such as “may”, “can”, “should”, “will”, “estimate”, “plan”, “project”, “forecast”, “intend”, “expect”, “predict”, “believe”, “seek”, “target”, “Outlook” or similar words.

These forward-looking statements are based on information available as of the date of this press release and our management’s current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but not are limited to, the risk factors described by NFT in its filings with the Securities and Exchange Commission (“SEC”).

Contact
Investor Relations
IR@nft-limited.com

SOURCE NFT Limited

MIL-OSI: NFT Limited Announces Filing of the 2024 Annual Report on Form 20-F

Source: GlobeNewswire (MIL-OSI)

Hong Kong, July 11, 2025 (GLOBE NEWSWIRE) — NFT Limited (“MI” or the “Company”) (NYSE: MI) today announced that on April 30, 2025, the Company filed its annual report on Form 20-F for the year ended December 31, 2024 (the “Form 20-F”) with the U.S. Securities and Exchange Commission (the “SEC”).

In compliance with the New York Stock Exchange rules, the Form 20-F is available on the Company’s website at www.nftoeo.com. In addition, all shareholders of the Company may request, free of charge, a hard copy of the Company’s complete audited financial statements filed with the SEC. To request a hard copy of the Company’s audited financial statements, or for any other inquiry in respect of this press release, please contact the Investor Relations Department of the Company, whose contact information is as follows: IR@nft-limited.com

About NFT Limited

NFT Limited (formerly known as Takung Art Co Ltd.) operates an online electronic platform (www.nftoeo.com) for offering and trading of digital artwork. Through its platform, the Company allows artists/art dealers/owners to access a much bigger art trading market where they can engage with a wide range of investors. It generates revenue in the form of services in connection with the offering and trading of artwork on its platform, primarily consisting of listing fees, trading commissions, and management fees. Please visit: www.nftoeo.com.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Federal Securities Act, including but not limited to our expectations of future financial performance, business strategy or business. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. NFT warns that forward-looking statements are subject to many assumptions, risks and uncertainties that will change over time. Forward looking statements may be identified by words such as “may”, “can”, “should”, “will”, “estimate”, “plan”, “project”, “forecast”, “intend”, “expect”, “predict”, “believe”, “seek”, “target”, “Outlook” or similar words.

These forward-looking statements are based on information available as of the date of this press release and our management’s current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but not are limited to, the risk factors described by NFT in its filings with the Securities and Exchange Commission (“SEC”).

Contact
Investor Relations
IR@nft-limited.com

SOURCE NFT Limited

MIL-OSI: Solitron Devices, Inc. Announces Fiscal 2026 First Quarter Results

Source: GlobeNewswire (MIL-OSI)

WEST PALM BEACH, Fla., July 11, 2025 (GLOBE NEWSWIRE) — Solitron Devices, Inc. (OTC Pink: SODI) (“Solitron” or the “Company”) is pleased to announce fiscal 2026 first quarter results.

FISCAL 2026 FIRST QUARTER HIGHLIGHTS –

Net sales decreased 32% to approximately $2.70 million in the fiscal 2026 first quarter versus $3.97 million in the fiscal 2025 first quarter.
Net bookings increased 37% to $2.80 million in the fiscal 2026 first quarter versus $2.04 million in the prior year first quarter.
Backlog increased 94% to $18.26 million at the end of the fiscal 2026 first quarter as compared to $9.41 million at the end of the fiscal 2025 first quarter.
Net income (loss) was ($0.34) million, or ($0.16) per share, for the fiscal 2026 first quarter versus net income of $0.59 million, or $.28 per share, for the fiscal 2025 first quarter.

Revenue continued to be down in the first quarter, similar to the fourth quarter of fiscal year 2025, due to the lag time between receipt of orders and production/fulfillment of those orders. As previously noted in our last press release, we expected lower revenues in this quarter and anticipate sales to pick up at the end of the fiscal second quarter, before reaching a steadier level in the fiscal third quarter.

On a positive note, the Company’s backlog remains at record levels. Backlog increased from $18.11 million at the beginning of the fiscal year to $18.26 million at the end of fiscal 2026 first quarter.

During the quarter we invested $1.65 million for 6.4% of the units in CBE LLC (“CBE”). CBE purchased a 25% interest in CrossingBridge Advisors (“CrossingBridge”), a subsidiary of ENDI Corp., for $25.9 million. CBE will be entitled to a royalty equal to approximately 14.9% of the revenue of CrossingBridge, which equated to an initial “cap” rate based on CrossingBridge’s revenue run rate as of December 31, 2024, of approximately 11.7%. Solitron’s royalty share will be just under 6.4% of CBE’s. CrossingBridge reported that its assets under management were $4.0 billion as of June 30, 2025, versus $3.4 billion as of December 31, 2024.

By law, certain U.S. Department of Defense officials and other executive branch agency officials are required to submit reports to Congress describing defense and intelligence-related priorities that were not included in the President’s annual budget request. These reports, known as unfunded priorities lists (UPLs), identify certain programs, activities, or mission requirements for which appropriations were not requested, along with the funding amounts that may be necessary to resource them. In the recent unfunded priorities list it has been reported that the U.S. Air Force requested an increase in AMRAAM production from 1,200 annually to 2,400 annually by 2028. AMRAAM is the largest defense program that Solitron supplies to. While the request is positive news, any increase requires Congressional approval, and there are no assurances that approval will happen. We continue to see increased interest in new product development, including silicon carbide. We have developed various prototypes for testing by potential customers and continue to be optimistic about creating additional revenue sources.

We continue to see increased interest in new product development, including silicon carbide. We have developed various prototypes for testing by potential customers and continue to be optimistic about creating additional revenue sources.


SOLITRON DEVICES, INC. CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED MAY 31, 2025, AND MAY 31, 2024 (in thousands except for share and per share amounts)

	For The Three Months Ended			For The Three Months Ended
	May 31, 2025			May 31, 2024
	unaudited			unaudited
Net sales	$	2,700		$	3,967
Cost of sales		2,310			2,292

Gross profit		390			1,675

Selling, general and administrative expenses		768			883

Operating income		(378	)		792

Other income (loss)
Interest income		–			5
Interest expense		(74	)		(50	)
Dividend income		41			16
Realized gain (loss) on investments		81			11
Unrealized gain (loss) on investments		(127	)		27
Total other income (loss)		(79	)		9

Net income (loss) before income tax		(457	)		801
Income tax (expense) benefit		121			(212	)

Net income (loss)	$	(336	)	$	589

Net income (loss) per common share – basic and diluted	$	(0.16	)	$	0.28

Weighted average shares outstanding – basic and diluted		2,082,553			2,083,436


SOLITRON DEVICES, INC. CONSOLIDATED CONDENSED BALANCE SHEETS AS OF MAY 31, 2025, AND FEBRUARY 28, 2025 (in thousands, except for share and per share amounts)

	May 31, 2025			February 28, 2025

ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	2,570		$	4,099
Marketable securities		659			919
Accounts receivable		1,750			2,129
Inventories, net		3,591			3,440
Prepaid expenses and other current assets		212			132
TOTAL CURRENT ASSETS		8,782			10,719

Property, plant and equipment, net		8,532			8,635
Intangible assets		2,852			2,905
Deferred tax asset		1,743			1,622
Long-term investment		1,650			–
Other assets		428			555
TOTAL ASSETS	$	23,987		$	24,436

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	732		$	439
Customer deposits		119			118
Accrued contingent consideration, current		598			570
Mortgage loan, current portion		155			152
Accrued expenses and other current liabilities		857			846
TOTAL CURRENT LIABILITIES		2,461			2,125

Accrued contingent consideration, non-current		254			663
Mortgage loan, net of current portion		3,725			3,765
TOTAL LIABILITIES		6,440			6,553

STOCKHOLDERS’ EQUITY
Preferred stock, $.01 par value, authorized 500,000 shares, none issued		–			–
Common stock, $.01 par value, authorized 10,000,000 shares, 2,082,553 shares outstanding, net of 487,827 treasury shares at May 31, 2025 and 2,082,553 shares outstanding, net of 487,827 treasury shares at February 28, 2025, respectively		21			21
Additional paid-in capital		1,834			1,834
Retained earnings		17,104			17,440
Less treasury stock		(1,412	)		(1,412	)
TOTAL STOCKHOLDERS’ EQUITY		17,547			17,883
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	23,987		$	24,436

The unaudited financial information disclosed in this press release for the three months ended May 31, 2025, is based on management’s review of operations for that period and the information available to the Company as of the date of this press release. The Company’s results included herein have been prepared by, and are the responsibility of, the Company’s management. The Company’s independent auditors have audited the Company’s results for the fiscal year ending February 28, 2025. The financial results presented herein should not be considered a substitute for the information filed or to be filed with the SEC in the Company’s Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the respective periods once such reports become available.

About Solitron Devices, Inc.
Solitron Devices, Inc., a Delaware corporation, designs, develops, manufactures, and markets solid state semiconductor components and related devices primarily for the military and aerospace markets. The Company manufactures a large variety of bipolar and metal oxide semiconductor (“MOS”) power transistors, power and control hybrids, junction and power MOS field effect transistors (“Power MOSFETS”), and other related products. Most of the Company’s products are custom made pursuant to contracts with customers whose end products are sold to the United States government. Other products, such as Joint Army/Navy (“JAN”) transistors, diodes, and Standard Military Drawings voltage regulators, are sold as standard or catalog items.

Effective September 1, 2023, Solitron closed its acquisition of Micro Engineering Inc. (MEI) based in Apopka, Florida. MEI specializes in solving design layout and manufacturing challenges while maximizing efficiency and keeping flexibility to meet unique customer needs. Since 1980 the MEI team has been dedicated to overcoming obstacles to provide cost efficient and rapid results. MEI specializes in low to mid volume projects that require engineering dedication, quality systems and efficient manufacturing.

Forward-Looking Statements
This press release contains forward-looking statements regarding future events and the future performance of Solitron Devices, Inc. that involve risks and uncertainties that could materially affect actual results, including statements regarding the Company’s expectations regarding future performance and trends, including production levels, government spending, backlog and delivery timelines, new product development, our efforts and performance following our acquisition of MEI, and potential future revenue and trends with respect thereto from each of the foregoing. Factors that could cause actual results to vary from current expectations and forward-looking statements contained in this press release include, but are not limited to, the risks and uncertainties arising from potential adverse developments or changes in government budgetary spending and policy including with respect to the war in Ukraine, which may among other factors be affected by the possibility of reduced government spending on programs in which we participate, inflation, elevated interest rates, adverse trends in the economy and the possibility of a recession the likelihood of which appears to have increased based on recent economic data, the possibility that management’s estimates and assumptions regarding bookings, sales and other metrics prove to be incorrect; the timing and size of orders from our clients, our delivery schedules and our liquidity and cash position; our ability to make the appropriate adjustments to our cost structure; our ability to properly account for inventory in the future; the demand for our products and potential loss of, or reduction of business from, substantial clients our dependence on government contracts, which are subject to termination, price renegotiations and regulatory compliance and which may among other factors be adversely affected by the factors described elsewhere herein, our ability to continue to integrate MEI in an efficient and effective manner, and the possibility that such acquisition or any other acquisition or strategic transaction we may pursue does not yield the results or benefits desired or anticipated. Descriptions of other risk factors and uncertainties are contained in the Company’s Securities and Exchange Commission filings, including its most recent Annual Report on Form 10-K for the fiscal year ended February 28, 2025.

Tim Eriksen
Chief Executive Officer
(561) 848-4311
Corporate@solitrondevices.com

MIL-OSI Security: Mexican National and Violent Repeat Offender Sentenced

Source: Office of United States Attorneys

TULSA, Okla. – The U.S. District Judge Gregory K. Frizzell sentenced Jose Luis Moreno-Yanez, 39, for Unlawful Reentry of a Removed Alien. Judge Frizzell ordered Moreno-Yanez to serve 78 months’ imprisonment, followed by three years of supervised release. Judge Frizzell ordered that 39-months of his federal sentence be served consecutively to his current State sentences for unrelated crimes. Upon his release, Moreno-Yanez is expected to face removal proceedings.

“While Moreno-Yanez is unlawfully in the United States, his criminal history shows that he commits acts of violence,” said U.S. Attorney Clint Johnson. “He has no regard for the laws in the United States and continues to show that he is a threat to lawful citizens. I commend the work of State and Federal prosecutors and law enforcement for working hard to keep our
communities safe.”

In May and June 2023, illegally re-entered the United States and was charged in two separate State cases for robbery with a firearm. He pleaded guilty in both cases and was additionally convicted of possessing a controlled drug, assault and battery, among several other charges. He was sentenced to serve 18 years and 20 years, concurrently, in the Oklahoma Department of Corrections. Additionally, because Moreno-Yanez illegally re-entered the United States while subject to a term of federal supervision, he pleaded guilty in Federal Court for violating the terms of his supervised release. A Federal Judge ordered Moreno-Yanez to serve 24 months’ imprisonment.

The U.S. Immigration and Customs Enforcement and Removal Operations investigated the case. Assistant U.S. Attorney David D. Whipple prosecuted the case.

MIL-OSI: ETC Announces Fiscal 2026 First Quarter Results

Source: GlobeNewswire (MIL-OSI)

SOUTHAMPTON, Pa., July 11, 2025 (GLOBE NEWSWIRE) — Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today reported its financial results for the thirteen week period ended May 30, 2025 (the “2026 first fiscal quarter”).

Robert L. Laurent, Jr., ETC’s Chief Executive Officer and President stated, “We are pleased with the 39% increase in ETC operating income vs. prior year driven by an increase in sales of Aircrew Training Systems (“ATS”) and a decrease in operating expenses as compared to the prior year, as well as our 34% gross profit margin excluding the impact of lower margin sales related to construction of an aeromedical center during the 2026 first fiscal quarter. We exit the quarter with a sales backlog of $73 million and a large pipeline of opportunities.”

Fiscal 2026 First Quarter Results of Operations

Net Income

Net income was $1.3 million, or $0.07 diluted earnings per share, in the 2026 first fiscal quarter, compared to net income of $1.4 million during the 2025 first fiscal quarter, or $0.08 diluted earnings per share. The $0.1 million decrease is primarily attributable to a $0.4 million, or 385.3% increase in interest expense, net and a $0.4 million, or 1850.0% increase in income tax provision in the 2026 first fiscal quarter as compared to 2025 first fiscal quarter partially offset by the net effect of a $0.9 million increase in ATS net sales, excluding the Aeromedical center building revenue, and a $0.7 million decrease in Commercial/Industrial Systems (“CIS”) net sales, and a $0.5 million decrease in operating expenses.

Net Sales

Net sales in the 2026 first fiscal quarter were $17.6 million, an increase of $4.1 million, or 30.5%, compared to 2025 first fiscal quarter net sales of $13.5 million. The increase in net sales was mainly a result of a $4.8 million, or 74.9% increase in ATS sales, $3.9 million of which relates to aeromedical center building revenue, slightly offset by a $0.8 million, or 14.2% decrease in Sterilizer Systems sales in the 2026 first fiscal quarter as compared to 2025 first fiscal quarter.

Gross Profit

Gross profit for the 2026 first fiscal quarter was $4.7 million (26.5% of net sales) compared to $4.5 million in 2025 first fiscal quarter (33.6% of net sales). The decrease in gross profit margin as a percentage of sales was a direct result of the increase in aeromedical center building revenue within the ATS business unit, which is lower margin than ETC’s core businesses as the work is being performed by a sub-contracted construction firm. Excluding the impact of the aeromedical center building revenue, gross profit margin was 34.3% for first fiscal quarter 2026 as compared to 33.9% for first fiscal quarter 2025.

Operating Expenses

Operating expenses, including sales and marketing, general and administrative, and research and development, for the 2026 first fiscal quarter were $2.5 million, a decrease of $0.5 million, or 16.0%, compared to $3.0 million for the 2025 first fiscal quarter. The decrease in operating expenses was due primarily to lower research and development expense at ETC-PZL in 2026 first fiscal quarter as compared to 2025 first fiscal quarter. In 2025 first fiscal quarter, ETC-PZL had limited sales which resulted in employees working on non-chargeable research and development projects.

Operating Income

Operating income for the 2026 fiscal first quarter was $2.2 million, an increase of $0.6 million, or 39.4%, compared to $1.6 million for the 2025 first fiscal quarter. The increase in operating income is attributable to the net effect of a $0.9 million increase in ATS net sales, excluding the Aeromedical center building revenue, and a $0.7 million decrease in Commercial/Industrial Systems (“CIS”) net sales, and a $0.5 million decrease in operating expenses.

Interest Expense, Net

Interest expense, net, for the 2026 first fiscal quarter was $0.6 million compared to $0.1 million in the 2025 first fiscal quarter, an increase of $0.4 million, or 385.3%, reflecting increased borrowing attributable to the leaseback of the demonstration equipment in 2025 fourth fiscal quarter.

Income Tax Provision

Income tax provision for the 2026 first fiscal quarter was $0.4 million compared to $0.0 million in the 2025 first fiscal quarter, an increase of $0.4 million, or 1850.0%. The increase is a non-cash tax expense attributable to the utilization of our Net Operating Loss (NOL) carryforward for which a deferred tax asset was established in the fourth quarter of fiscal 2025.

Cash Flows from Operating, Investing, and Financing Activities

During the 2026 first fiscal quarter, cash flows used in operating activities were $2.7 million, a decrease of $5.6 million compared to cash flows provided by operating activities of $2.9 million during 2025 first fiscal quarter. Cash flows during the 2026 first fiscal quarter primarily decreased as a result of an increase in accounts receivable, net, slightly offset by an increase in accounts payable, trade for 2026 first fiscal quarter as compared to 2025 first fiscal quarter.

Cash used for investing activities primarily relates to funds used for capital expenditures of equipment and software development. The Company’s investing activities used $0.1 million during the 2026 and 2025 first fiscal quarter.

The Company’s financing activities provided $1.0 million of cash during the 2026 first fiscal quarter from borrowings under the Company’s credit facility as compared to repayments under the Company’s credit facility of $3.1 during the 2025 first fiscal quarter.

About ETC

ETC was incorporated in 1969 in Pennsylvania. For over five decades, we have provided our customers with products, services, and support. Innovation, continuous technological improvement and enhancement, and product quality are core values that are critical to our success. We are a significant supplier and innovator in the following areas: (i) software driven products and services used to create and monitor the physiological effects of flight, including high performance jet tactical flight simulation, fixed and rotary wing upset prevention and recovery and spatial disorientation, and both suborbital and orbital commercial human spaceflight, collectively, Aircrew Training Systems (“ATS”); (ii) altitude (hypobaric) chambers; (iii) hyperbaric chambers for multiple persons (multiplace chambers); (iv) Advanced Disaster Management Simulators (“ADMS”); (v) steam and gas (ethylene oxide) sterilizers (“Sterilizer Systems” or “Sterilizers”); and (vi) Environmental Testing and Simulation Systems (“ETSS”).

We operate in two primary business segments, Aerospace Solutions (“Aerospace”) and Commercial/Industrial Systems (“CIS”). Aerospace encompasses the design, manufacture, and sale of: (i) ATS products; (ii) altitude (hypobaric) chambers; (iii) hyperbaric chambers for multiple persons (multiplace chambers); and (iv) ADMS, as well as integrated logistics support (“ILS”) for customers who purchase these products or similar products manufactured by other parties. These products and services provide customers with an offering of comprehensive solutions for improved readiness and reduced operational costs. Sales of our Aerospace products are made principally to U.S. and foreign government agencies and to civil aviation organizations. CIS encompasses the design, manufacture, and sale of: (i) steam and gas (ethylene oxide) sterilizers; and (ii) ETSS; as well as parts and service support for customers who purchase these products or similar products manufactured by other parties. Sales of our CIS products are made principally to the healthcare, pharmaceutical, and automotive industries.

ETC-PZL Aerospace Industries Sp. z o.o. (“ETC-PZL”), our 100%-owned subsidiary in Warsaw, Poland, is currently our only operating subsidiary. ETC-PZL manufactures certain simulators and provides software to support products manufactured domestically within our Aerospace segment.

The majority of our net sales are generated from long-term contracts with foreign and U.S. governments and agencies (including foreign military sales (“FMS”) contracted through the U.S. Government) for the research, design, development, manufacture, integration, and sustainment of ATS products, including Chambers and the simulators manufactured and sold through ETC-PZL, collectively, ATS as well as long-term contracts with domestic and international customers for the sale of Sterilizer systems. The Company also enters into long-term contracts with domestic customers for the sale of ETSS. Net sales of ADMS are generally much shorter term in nature and vary between domestic and international customers. We generally provide our products and services under fixed-price contracts.

ETC’s unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition. ETC’s headquarters is located in Southampton, PA. For more information about ETC, visit http://www.etcusa.com/. The information contained on our website is not incorporated by reference in this news release.

Forward-looking Statements

This news release contains forward-looking statements, which are based on management’s expectations and are subject to uncertainties and changes in circumstances. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, and these statements may include words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “future”, “predict”, “potential”, “intend”, or “continue”, and similar expressions. We base our forward-looking statements on our current expectations and projections about future events or future financial performance. Our forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC and its subsidiaries that may cause actual results to be materially different from any future results implied by these forward-looking statements. We caution you not to place undue reliance on these forward-looking statements. Except as required by law, we assume no obligation to update or revise any forward looking statements.

Contact:	Tim Kennedy, CFO
Phone:	(215) 355-9100 x1531
E-mail:	tkennedy@etcusa.com

– Financial Table Follows –

Table A
ENVIRONMENTAL TECTONICS CORPORATION
SUMMARY TABLE OF RESULTS
(in thousands, except per share information)
(unaudited)

	Thirteen weeks ended						Variance
(in thousands, except per share information)	May 30, 2025			May 24, 2024			($)			(%)
Net sales	$	17,601		$	13,492		$	4,109		30.5
Cost of goods sold		12,939			8,965			3,974		44.3
Gross Profit		4,662			4,527			135		3.0
Gross profit margin %		26.5	%		33.6	%		-7.1	%	-21.1	%

Operating expenses		2,498			2,975			(477	)	-16.0
Operating income		2,164			1,552			612		39.4
Operating margin %		12.3	%		11.5	%		0.8	%	6.9	%

Interest expense, net		563			116			447		385.3
Other (income) expense, net		(78	)		55			(133	)	-241.8
Income before income taxes		1,679			1,381			298		21.6
Pre-tax margin %		9.5	%		10.2	%		-0.7	%	-6.9	%

Income tax provision		390			20			370		1850.0
Net income		1,289			1,361			(72	)	-5.3
Preferred Stock dividends		(121	)		(121	)		–		0.0
Income attributable to common and
participating shareholders	$	1,168		$	1,240		$	(72	)	-5.8

Per share information:
Basic earnings per common and participating share:
Distributed earnings per share:
Common	$	–		$	–		$	–
Preferred	$	0.02		$	0.02		$	–		0.0
Undistributed earnings per share:
Common	$	0.07		$	0.08		$	(0.01	)	-12.5
Preferred	$	0.07		$	0.08		$	(0.01	)	-12.5
Diluted earnings per share	$	0.07		$	0.08		$	(0.01	)	-12.5


Total basic weighted average common and participating shares		15,665			15,569

Total diluted weighted average shares		16,998			16,062

MIL-OSI: MidWestOne Financial Group, Inc. Announces Second Quarter 2025 Earnings Conference Call

Source: GlobeNewswire (MIL-OSI)

IOWA CITY, Iowa, July 11, 2025 (GLOBE NEWSWIRE) — MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank, today announced that its second quarter 2025 financial results will be released after market closes on Thursday, July 24, 2025. The Company will host a conference call to discuss its financial results at 11:00 a.m. Central Time on Friday, July 25, 2025.

Investors and analysts interested in participating in the call may pre-register utilizing the following link: https://www.netroadshow.com/events/login?show=a6070726&confId=80381. After pre-registering for this event, you will receive your access details via email. On the day of the call, you are also able to dial 1-833-470-1428 (callers located in Canada please dial 1-833-950-0062) approximately 15 minutes prior to the start of the call and providing the access code 293794. A live audio webcast of the conference call can be accessed through the Investor Relations section of the Company’s website at https://www.midwestonefinancial.com.

A replay of the conference call will be available within four hours of the conclusion of the call and can be accessed both online and by dialing 1-866-813-9403 within the United States and Canada (all other international callers please dial +440-204-525-0658). The pin to access the telephone replay is 763204. The replay will be available until October 23, 2025.

About MidWestOne Financial Group, Inc.
MidWestOne Financial Group, Inc. is a financial holding company headquartered in Iowa City, Iowa. MidWestOne is the parent company of MidWestOne Bank, which operates banking offices in Iowa, Minnesota, Wisconsin, and Colorado. MidWestOne provides electronic delivery of financial services through its website, MidWestOne.bank. MidWestOne Financial Group, Inc. trades on the Nasdaq Global Select Market under the symbol “MOFG”.

Category: Earnings
This news release may be downloaded from Corporate Profile | MidWestOne Financial Group, Inc.

Source: MidWestOne Financial Group, Inc.

Industry: Banks

Contacts:
Charles N. Reeves	Barry S. Ray
Chief Executive Officer	Chief Financial Officer
319.356.5800	319.356.5800

MIL-OSI USA: REPORT: Wisconsin Hospitals Will Lose $264 Million Annually Under Republicans’ Budget Bill

US Senate News:

Source: United States Senator for Wisconsin Tammy Baldwin

WASHINGTON, D.C. – A new report was released projecting that hospitals in Wisconsin will lose $264.6 million a year because of the Republicans’ budget bill. Senator Baldwin voted against the bill, which will terminate health care for over 270,000 Wisconsinites, increase costs for working families, and jeopardize the ability of hospitals and clinics to remain open.

“At a time when Wisconsin families are asking us to bring down the skyrocketing costs of health care and prescription drugs, Republicans pushed through a bill that has devastating consequences to Wisconsin’s working families and hospitals,” said Senator Baldwin. “While the top 0.1% get their tax cuts, Republicans’ bill will shutter hospitals, increase drive and wait times for everyone, and put a tremendous strain on our already overworked doctors and nurses.”

The Republicans’ bill, which every Congressional Republican from Wisconsin supported, is projected to terminate health care for 17 million Americans, including 270,000 Wisconsinites. One-fifth of total spending on hospital care comes from Medicaid, and one in three Wisconsin hospitals was operating at a loss. Over 300 rural hospitals across the country are at disproportionate risk of closure, conversion, or service reductions due to health care cuts in the bill, including 3 in Wisconsin.

Read the full report here.

MIL-OSI: Southside Bancshares, Inc. Announces Second Quarter Earnings Call

Source: GlobeNewswire (MIL-OSI)

TYLER, Texas, July 11, 2025 (GLOBE NEWSWIRE) — Southside Bancshares, Inc. (“Southside”) (NYSE: SBSI), the holding company for Southside Bank, announced today it will release its second quarter financial results before the market opens on Friday, July 25, 2025. Southside will host a conference call to discuss its results on Friday, July 25, 2025, at 11:00 a.m. CDT.

The call will be hosted by Lee R. Gibson, CEO, Keith Donahoe, President, Julie Shamburger, CFO, and Lindsey Bailes, VP, Investor Relations. Following prepared remarks there will be a question and answer session for the analyst community.

The Conference Call Details

The conference call can be accessed by webcast, for listen-only mode, here or on the company website, https://investors.southside.com, under Events.

Those interested in participating in the question and answer session, or others who prefer to call-in, can register using this online form to receive the dial-in number and unique code to access the conference call seamlessly. While not required, it is recommended that those wishing to participate register 10 minutes prior to the conference call to ensure a more efficient registration process.

For those unable to attend the live event, a webcast recording will be available here or on the company website, https://investors.southside.com, for at least 30 days, beginning approximately two hours following the conference call.

About Southside Bancshares, Inc.

Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $8.34 billion in assets as of March 31, 2025. Through its wholly-owned subsidiary, Southside Bank, Southside currently operates 53 branches and a network of 71 ATMs/ITMs throughout East Texas, Southeast Texas and the greater Dallas/Fort Worth, Austin and Houston areas. Serving customers since 1960, Southside Bank is a community-focused financial institution that offers a full range of financial products and services to individuals and businesses. These products and services include consumer and commercial loans, mortgages, deposit accounts, safe deposit boxes, treasury management, wealth management, trust services, brokerage services and an array of online and mobile services.

To learn more about Southside Bancshares, Inc., please visit our investor relations website at https://investors.southside.com. Our investor relations site provides a detailed overview of our activities, financial information and historical stock price data. To receive e-mail notification of company news, events and stock activity, please register on the website under Resources and Investor Email Alerts. Questions or comments may be directed to Lindsey Bailes at 903-630-7965 or lindsey.bailes@southside.com.

For further information:
Lindsey Bailes
903-630-7965

All contracts support XRP payment, which takes effect immediately after purchase, and you can start receiving daily dividends the next day.

MIL-OSI: BJMining Launches XRP-Compatible Cloud Mining Contracts Amid Market Volatility and Increased XRP Demand

Source: GlobeNewswire (MIL-OSI)

WASHINGTON, D.C., July 12, 2025 (GLOBE NEWSWIRE) — As XRP experiences a sharp increase in market interest during July’s volatile crypto climate, BJMining has announced a timely expansion of its global mining services by enabling XRP as a supported asset for its cloud-based mining contracts. The development comes as part of BJMining’s commitment to providing more accessible and diversified digital asset options for global users.

The recent market uptick—marked by Ethereum gas fee reductions, Bitcoin stabilizing above $114,000, and a surge in Solana activity—has prompted investors to revisit XRP’s long-term utility. Amid this environment, BJMining’s new support for XRP-based cloud mining aims to meet demand from investors seeking stable digital income models beyond traditional coin-holding strategies.

Transforming Passive Holdings into Productive Assets

With XRP lacking a native staking mechanism, many long-term holders have had limited opportunities to earn on idle assets. BJMining addresses this gap by offering a system where users can participate in crypto mining using XRP as payment for cloud-based contract plans.

“By integrating XRP as a payment and mining option, we’re giving users a practical way to generate income without needing advanced technical knowledge or infrastructure,” said a BJMining representative. “This is especially important for those looking to diversify and stabilize their exposure in the crypto sector.”

BJMining’s seven advantages make mining easy and reliable

Sign up and get $15: New users can get a $15 when they register, and can start mining without recharging;
No equipment or maintenance required:The platform is responsible for operation and maintenance and energy consumption management throughout the process, and users only need to select a contract to start earning profits;
AI Intelligent Scheduling System:Automatically determine the currency market and mining difficulty, dynamically allocate computing power, and improve yield;
Green energy drive:All mines use clean energy such as wind, hydro, and solar energy, which is in line with the global trend of carbon neutrality;
Funds and data security:McAfee + Cloudflare dual protection architecture, user assets are fully insured by AIG;
Supports flexible withdrawals in multiple currencies: BTC, DOGE, ETH, XRP, USDT and other mainstream assets, fast arrival without waiting;
Flexible promotion rebate mechanism: Invite friends to enjoy up to 5% commission reward, with no upper limit, to build your passive income network.

Mainstream contract recommendations to suit different investment objectives

BJMining currently has a variety of main contracts online, covering short-term trials to long-term stable configurations:

WhatsMiner M50S+：Invest $100 for 2 days, total net income is $106;
WhatsMiner M60S++：Invest $600 for 7 days, total net income is $652.50;
Avalon Miner A1566：Invest $1200 for 15 days, total net income is $1434;
WhatsMiner M66S+：Invest $5800 for 30 days, total net income is $8410;
Antminer L7：Invest $12000 for 40 days, total net income is $20160;
Antminer S21e XP Hyd：Invest $27000 for 45 days, total net income is $48870;

About BJMining

Founded in 2015, BJMining is a UK-headquartered cloud mining provider serving over 5 million users across more than 180 countries. Operating more than 60 mining farms and 1.2 million mining machines globally, the company leverages AI-driven scheduling and renewable energy infrastructure to deliver secure and energy-efficient mining services.

All mining operations are backed by enterprise-grade security architecture and insurance protocols. BJMining supports asset management in multiple cryptocurrencies, including BTC, ETH, DOGE, and now XRP.

Forward Outlook

As cryptocurrency continues to evolve from speculative trading to asset-backed income generation, BJMining’s expansion of payment options reflects a broader industry shift toward accessibility, energy sustainability, and risk-managed crypto investing.

For more information about BJMining’s latest XRP-supported features or to explore its global mining offerings, visit https://bjmining.com or contact:

Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

MIL-OSI: AI Mining Takes on Ripple’s XRP: PFMCrypto Launches Zero-Hardware XRP Cloud Mining with Daily Rewards

Source: GlobeNewswire (MIL-OSI)

New York, NY, July 11, 2025 (GLOBE NEWSWIRE) — As Ripple’s XRP ecosystem gains global momentum, PFMCrypto is proud to introduce a major leap in accessible crypto mining: the launch of XRP-focused cloud mining contracts. Now available on both web and mobile platforms, these flexible short-term contracts allow users to mine XRP remotely and receive daily XRP rewards—no mining hardware, no complex setup, and no prior experience required. For the first time, retail participants can engage with the XRP economy through a streamlined, fully integrated platform.
Explore the PFMCrypto website or download the app today.

XRP Cloud Mining Is Here—Simple, Smart, and Rewarding
Traditionally known for its role in cross-border payments and institutional finance, XRP now enters a new chapter with PFMCrypto’s latest innovation: easy-to-use cloud mining. Users can mine XRP directly or leverage PFMCrypto’s intelligent AI engine to automatically switch between the most profitable assets—including BTC, ETH, DOGE, USDC, and more—for optimized returns. All earnings are paid out daily in your chosen cryptocurrency, providing reliable income regardless of market fluctuations.
Designed for both everyday users and professional investors, this platform empowers users to generate consistent crypto earnings from anywhere, at any time.

Key Features of PFMCrypto’s XRP Cloud Mining Contracts
– Full XRP Integration: Deposit, purchase, mine, and withdraw XRP directly within the platform.
– Multi-Coin Mining Support: Mine and receive earnings in BTC, ETH, DOGE, USDC, USDT, SOL, LTC, and BCH.
– AI Revenue Optimization: Proprietary algorithms automatically allocate mining power to the top-performing assets to maximize returns.
– 100% Remote Access: No mining equipment needed—fully accessible via the PFMCrypto mobile app or browser.
– Capital Protection: All contracts include full principal return upon maturity, reducing risk while growing crypto assets.

Mining Contracts for Every Budget and Strategy:
PFMCrypto offers a broad range of mining contracts that support XRP-based deposits and withdrawals. Each contract is crafted for flexibility, predictable income, and effective risk management:
$10 Contract – 1 Day – Earn $0.66 (Free with signup bonus)
$100 Contract – 2 Days – Earn $3.00 daily + $2 reward
$500 Contract – 5 Days – Earn $6.15 daily
$5,000 Contract – 30 Days – Earn $78.50 daily
$20,000 Contract – 45 Days – Earn $380.00 daily
Whether you’re testing the waters or building a long-term portfolio, PFMCrypto provides low-risk, high-transparency contracts that deliver stable daily income in XRP.
Click here to explore more XRP cloud contracts.

Why PFMCrypto’s XRP Mining Stands Out?
– Accessible to Everyone: No mining rigs, no setup, no complexity—just tap and earn.
– XRP-Native Integration: Deposit, mine, and withdraw XRP in one seamless ecosystem.
– Stable Returns, Smart Allocation: An AI-powered engine dynamically adjusts mining strategies to maximize rewards and ensure daily income across all supported coins.
– Multi-Asset Flexibility: Mine XRP directly or diversify earnings into other top digital assets—all with one contract.
– Instant Setup, Global Access: Mine from anywhere using your phone or browser—securely and remotely.

Get Started Today in 3 Easy Steps:
1. Sign Up – Create your account and receive a $10 welcome bonus
2. Choose a Plan – Select a short- or long-term contract (1–60 days available)
3. Start Earning – Track daily profits and withdraw in the token of your choice

Start mining XRP now at: https://pfmcrypto.net
Or download the PFMCrypto mobile app (available for iOS & Android).

XRP Mining for a Digital Future
Since 2018, PFMCrypto has helped millions of users around the world generate passive crypto income through secure, smart, cloud-based mining. With the introduction of XRP mining, the platform offers the ideal combination of institutional-grade infrastructure and retail accessibility. Now, users can choose to earn directly in XRP or diversify into major digital assets—all within a secure, fully remote environment.

“XRP has always been fast, efficient, and scalable,” said a PFMCrypto spokesperson. “Now, it’s also mineable—securely, remotely, and profitably. We’ve eliminated the barriers so anyone can participate in XRP’s future growth.”
Markets may shift—but daily mining income can remain steady.

Join the XRP mining revolution today at: https://pfmcrypto.net

MIL-OSI: AI Mining Takes on Ripple’s XRP: PFMCrypto Launches Zero-Hardware XRP Cloud Mining with Daily Rewards

Source: GlobeNewswire (MIL-OSI)

New York, NY, July 11, 2025 (GLOBE NEWSWIRE) — As Ripple’s XRP ecosystem gains global momentum, PFMCrypto is proud to introduce a major leap in accessible crypto mining: the launch of XRP-focused cloud mining contracts. Now available on both web and mobile platforms, these flexible short-term contracts allow users to mine XRP remotely and receive daily XRP rewards—no mining hardware, no complex setup, and no prior experience required. For the first time, retail participants can engage with the XRP economy through a streamlined, fully integrated platform.
Explore the PFMCrypto website or download the app today.

XRP Cloud Mining Is Here—Simple, Smart, and Rewarding
Traditionally known for its role in cross-border payments and institutional finance, XRP now enters a new chapter with PFMCrypto’s latest innovation: easy-to-use cloud mining. Users can mine XRP directly or leverage PFMCrypto’s intelligent AI engine to automatically switch between the most profitable assets—including BTC, ETH, DOGE, USDC, and more—for optimized returns. All earnings are paid out daily in your chosen cryptocurrency, providing reliable income regardless of market fluctuations.
Designed for both everyday users and professional investors, this platform empowers users to generate consistent crypto earnings from anywhere, at any time.

Key Features of PFMCrypto’s XRP Cloud Mining Contracts
– Full XRP Integration: Deposit, purchase, mine, and withdraw XRP directly within the platform.
– Multi-Coin Mining Support: Mine and receive earnings in BTC, ETH, DOGE, USDC, USDT, SOL, LTC, and BCH.
– AI Revenue Optimization: Proprietary algorithms automatically allocate mining power to the top-performing assets to maximize returns.
– 100% Remote Access: No mining equipment needed—fully accessible via the PFMCrypto mobile app or browser.
– Capital Protection: All contracts include full principal return upon maturity, reducing risk while growing crypto assets.

Mining Contracts for Every Budget and Strategy:
PFMCrypto offers a broad range of mining contracts that support XRP-based deposits and withdrawals. Each contract is crafted for flexibility, predictable income, and effective risk management:
$10 Contract – 1 Day – Earn $0.66 (Free with signup bonus)
$100 Contract – 2 Days – Earn $3.00 daily + $2 reward
$500 Contract – 5 Days – Earn $6.15 daily
$5,000 Contract – 30 Days – Earn $78.50 daily
$20,000 Contract – 45 Days – Earn $380.00 daily
Whether you’re testing the waters or building a long-term portfolio, PFMCrypto provides low-risk, high-transparency contracts that deliver stable daily income in XRP.
Click here to explore more XRP cloud contracts.

Why PFMCrypto’s XRP Mining Stands Out?
– Accessible to Everyone: No mining rigs, no setup, no complexity—just tap and earn.
– XRP-Native Integration: Deposit, mine, and withdraw XRP in one seamless ecosystem.
– Stable Returns, Smart Allocation: An AI-powered engine dynamically adjusts mining strategies to maximize rewards and ensure daily income across all supported coins.
– Multi-Asset Flexibility: Mine XRP directly or diversify earnings into other top digital assets—all with one contract.
– Instant Setup, Global Access: Mine from anywhere using your phone or browser—securely and remotely.

Get Started Today in 3 Easy Steps:
1. Sign Up – Create your account and receive a $10 welcome bonus
2. Choose a Plan – Select a short- or long-term contract (1–60 days available)
3. Start Earning – Track daily profits and withdraw in the token of your choice

Start mining XRP now at: https://pfmcrypto.net
Or download the PFMCrypto mobile app (available for iOS & Android).

XRP Mining for a Digital Future
Since 2018, PFMCrypto has helped millions of users around the world generate passive crypto income through secure, smart, cloud-based mining. With the introduction of XRP mining, the platform offers the ideal combination of institutional-grade infrastructure and retail accessibility. Now, users can choose to earn directly in XRP or diversify into major digital assets—all within a secure, fully remote environment.

“XRP has always been fast, efficient, and scalable,” said a PFMCrypto spokesperson. “Now, it’s also mineable—securely, remotely, and profitably. We’ve eliminated the barriers so anyone can participate in XRP’s future growth.”
Markets may shift—but daily mining income can remain steady.

Join the XRP mining revolution today at: https://pfmcrypto.net

MIL-OSI: AI Mining Takes on Ripple’s XRP: PFMCrypto Launches Zero-Hardware XRP Cloud Mining with Daily Rewards

Source: GlobeNewswire (MIL-OSI)

New York, NY, July 11, 2025 (GLOBE NEWSWIRE) — As Ripple’s XRP ecosystem gains global momentum, PFMCrypto is proud to introduce a major leap in accessible crypto mining: the launch of XRP-focused cloud mining contracts. Now available on both web and mobile platforms, these flexible short-term contracts allow users to mine XRP remotely and receive daily XRP rewards—no mining hardware, no complex setup, and no prior experience required. For the first time, retail participants can engage with the XRP economy through a streamlined, fully integrated platform.
Explore the PFMCrypto website or download the app today.

XRP Cloud Mining Is Here—Simple, Smart, and Rewarding
Traditionally known for its role in cross-border payments and institutional finance, XRP now enters a new chapter with PFMCrypto’s latest innovation: easy-to-use cloud mining. Users can mine XRP directly or leverage PFMCrypto’s intelligent AI engine to automatically switch between the most profitable assets—including BTC, ETH, DOGE, USDC, and more—for optimized returns. All earnings are paid out daily in your chosen cryptocurrency, providing reliable income regardless of market fluctuations.
Designed for both everyday users and professional investors, this platform empowers users to generate consistent crypto earnings from anywhere, at any time.

Key Features of PFMCrypto’s XRP Cloud Mining Contracts
– Full XRP Integration: Deposit, purchase, mine, and withdraw XRP directly within the platform.
– Multi-Coin Mining Support: Mine and receive earnings in BTC, ETH, DOGE, USDC, USDT, SOL, LTC, and BCH.
– AI Revenue Optimization: Proprietary algorithms automatically allocate mining power to the top-performing assets to maximize returns.
– 100% Remote Access: No mining equipment needed—fully accessible via the PFMCrypto mobile app or browser.
– Capital Protection: All contracts include full principal return upon maturity, reducing risk while growing crypto assets.

Mining Contracts for Every Budget and Strategy:
PFMCrypto offers a broad range of mining contracts that support XRP-based deposits and withdrawals. Each contract is crafted for flexibility, predictable income, and effective risk management:
$10 Contract – 1 Day – Earn $0.66 (Free with signup bonus)
$100 Contract – 2 Days – Earn $3.00 daily + $2 reward
$500 Contract – 5 Days – Earn $6.15 daily
$5,000 Contract – 30 Days – Earn $78.50 daily
$20,000 Contract – 45 Days – Earn $380.00 daily
Whether you’re testing the waters or building a long-term portfolio, PFMCrypto provides low-risk, high-transparency contracts that deliver stable daily income in XRP.
Click here to explore more XRP cloud contracts.

Why PFMCrypto’s XRP Mining Stands Out?
– Accessible to Everyone: No mining rigs, no setup, no complexity—just tap and earn.
– XRP-Native Integration: Deposit, mine, and withdraw XRP in one seamless ecosystem.
– Stable Returns, Smart Allocation: An AI-powered engine dynamically adjusts mining strategies to maximize rewards and ensure daily income across all supported coins.
– Multi-Asset Flexibility: Mine XRP directly or diversify earnings into other top digital assets—all with one contract.
– Instant Setup, Global Access: Mine from anywhere using your phone or browser—securely and remotely.

Get Started Today in 3 Easy Steps:
1. Sign Up – Create your account and receive a $10 welcome bonus
2. Choose a Plan – Select a short- or long-term contract (1–60 days available)
3. Start Earning – Track daily profits and withdraw in the token of your choice

Start mining XRP now at: https://pfmcrypto.net
Or download the PFMCrypto mobile app (available for iOS & Android).

XRP Mining for a Digital Future
Since 2018, PFMCrypto has helped millions of users around the world generate passive crypto income through secure, smart, cloud-based mining. With the introduction of XRP mining, the platform offers the ideal combination of institutional-grade infrastructure and retail accessibility. Now, users can choose to earn directly in XRP or diversify into major digital assets—all within a secure, fully remote environment.

“XRP has always been fast, efficient, and scalable,” said a PFMCrypto spokesperson. “Now, it’s also mineable—securely, remotely, and profitably. We’ve eliminated the barriers so anyone can participate in XRP’s future growth.”
Markets may shift—but daily mining income can remain steady.

Join the XRP mining revolution today at: https://pfmcrypto.net

MIL-OSI United Nations: Desperate Afghan refugees return to an unfamiliar home

Source: United Nations MIL OSI

The agency is calling for calm and cooperation to provide a dignified path forward for millions of displaced Afghans.

More than 1.6 million Afghans have returned from both neighbouring countries in 2024 alone, according to UNHCR – a figure that has already surpassed earlier forecasts for the entire year.

‘From Afghanistan – not of Afghanistan’

The scale and speed of these returns are placing enormous pressure on border provinces ill-equipped to absorb them, exacerbating poverty, insecurity and humanitarian need in a country still reeling from economic collapse and widespread human rights abuses.

Complicating the situation further is the fact that many returnees – especially women and children – are coming back to a country they barely know.

“They are from Afghanistan [but] not of Afghanistan – often born abroad with better education and different cultural norms. Their outlook is different from and often at odds with present day Afghanistan,” says Arafat Jamal, UNHCR Representative in the country.

Women and girls in particular face a jarring shift: from relative autonomy in host countries to a context where their rights are severely restricted by edicts from Taliban authorities.

Women’s rights in Afghanistan continue to face severe setbacks, with restrictions deepening across education, employment and public life

Disorientated and disorganised

He reported conditions that he had seen for himself recently in Islam Qala, a key border crossing with Iran.

Daily arrivals have surged to around 50,000 people, many of them disoriented and exhausted after arduous journeys. UN officials described scenes of desperation at reception centres.

“Many of these returnees have been abruptly uprooted and have undergone arduous, exhausting and degrading journeys – they arrive tired, disoriented, brutalised and often in despair, and they sprawl throughout a crowded centre in often 40°C (104°F) heat,” Mr. Jamal said.

While some returns are voluntary, he added that many are occurring under duress or without proper protections in place. Those returning include both officially registered refugees and people in “refugee-like” situations who may face serious risks upon arrival.

Funding crisis

The UN and humanitarian partners have mounted a broad-based response along the borders, providing food, water, health services, protection and onward transportation.

However, funding shortfalls are critically hampering operations. UNHCR’s response is just 28 per cent funded as of July, forcing aid agencies to ration supplies and make painful choices.

“We are living on borrowed funds,” Mr. Jamal said. “Daily, we are asking ourselves – should we give one blanket instead of four? One meal instead of three? These are heartbreaking, soul-destroying decisions.”

The situation is equally dire for other agencies: the wider, UN-led 2025 Humanitarian Needs and Response Plan for Afghanistan – which seeks $2.4 billion to assist nearly 17 million people across the country – is only 22 per cent funded.

Poverty and drought

Recent UN assessments have also warned of deteriorating conditions and deepening poverty within Afghanistan.

The UN Food and Agriculture Organization (FAO) issued alerts over worsening drought across much of the country, while the UN Development Programme (UNDP) reports that 70 per cent of Afghans already live at subsistence levels, as the collapse of public services and ongoing rights violations leaves millions in despair.

As returnees cross the border, often without notice or resources, local populations are being stretched to the limit.

Mr. Jamal noted that this “precarity layered upon poverty” risks fuelling frustration, competition over limited resources and new forms of social tension.

“Afghanistan may be welcoming, but it is wholly unprepared to receive this volume of returnees,” he said. “The communities who are taking people in are doing so with great generosity, but they are themselves in crisis.”

Global attention

The growing emergency comes just days after the UN General Assembly overwhelmingly adopted a resolution expressing “deep concern” over deteriorating conditions facing Afghans.

The resolution, passed with 116 votes in favour and only two against, urged the Taliban to reverse repressive policies and called for renewed international cooperation to support Afghan civilians.

The resolution highlighted the need for “coherent approaches” that bridge humanitarian, development and political efforts. It also called on donor countries to maintain or increase support.

MIL OSI United Nations News –

MIL-OSI Security: District Man Pleads Guilty in Attempt to Import Mass Quantity of Chinese ‘Boot,’ an Illegal Psychostimulant

Source: Office of United States Attorneys

WASHINGTON – Marvin Benjamin Martin, 32, of the District of Columbia, pleaded guilty today in federal court in connection with an attempt to import a mass quantity of Chinese dipentylone, an illegal psychostimulant known as “boot,” announced U.S. Attorney Jeanine Ferris Pirro.

Martin pleaded guilty before Judge Beryl A. Howell to attempted possession with intent to distribute N,N Dimethylpentylone hydrochloride. Judge Howell scheduled sentencing for Oct. 17, 2025. Martin is eligible for up to 20 years in prison.

According to court documents, in early 2024, Homeland Security Investigations (HSI) Washington D.C. High Intensity Drug Trafficking Area group (HIDTA) was conducting an ongoing investigation into illegal shipments of narcotics and precursor chemicals originating in China. In February 2024, officers with U.S. Customs and Border Protection (CBP) seized a package at the International Mail Facility at Los Angeles International Airport (LAX).The package, addressed to “Martin Hall” on 58^th Street SE. had been mailed from China, and contained 10 kilos of N,N-Dimethylpentylone, aka boot.

HSI agents swapped out the boot in the package for sham materials and added a GPS tracking device.

On March 7, 2024, HIDTA, comprised of HSI, the Metropolitan Police Department, and officers from various other agencies, delivered the package to the front steps of the residence on 58^th Street. The officers watched as Martin drove up to the address, retrieved the package, and took it back to his vehicle.

About an hour later, Martin discarded the package. At 12:37 p.m., investigators found Martin driving in a nearby residential neighborhood and attempted to detain him. Martin sped off and crashed into a minivan and fence before evading officers.

Agents subsequently found Martin at a home in Lanham, Maryland, and attempted to block him in with their vehicles. Martin accelerated his car towards the agents, striking the front side of an agent’s vehicle at high speed. About two hours later, agents again found Martin at the Latham residence. Officers positioned their vehicles to block the street, Martin drove his car towards the agents at a high speed, swerved onto asidewalk, and hit a tree while accelerating past agents’ vehicles, once again evading capture.

On April 10, 2024, Martin was arrested in Annapolis, Maryland.

This case was investigated by Homeland Security Investigations Washington D.C. High Intensity Drug Trafficking Area group (HIDTA), the Metropolitan Police Department, the U.S. Postal Inspection Service, the Drug Enforcement Administration Washington Division, the Prince George’s County Police Department, and the Annapolis Police Department.

The matter is being prosecuted by Assistant U.S. Attorney Iris McCranie and Anthony Scarpelli of the Violent Crime and Narcotics Trafficking section of the U.S. Attorneys Office for the District of Columbia.

24cr196

MIL-OSI USA: Warren Secures Wins on Right to Repair, Service Member Safety, Military Housing, Transparency at Defense Department in Senate Version of FY 2026 Defense Policy Bill

US Senate News:

Source: United States Senator for Massachusetts – Elizabeth Warren

July 11, 2025

Executive Summary of Senate FY26 NDAA (Website)

Washington, D.C. — During the Senate Armed Services Committee’s (SASC) markup of the Fiscal Year 2026 National Defense Authorization Act (FY26 NDAA) this week, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Armed Services Personnel Subcommittee, secured key wins, including on right to repair, transparency on the removal of top military officials, troop health and safety, boosting competition among defense contractors, improved housing protections for American troops, and education. All were secured with bipartisan support in the Senate Armed Services Committee.

Senator Warren secured the following provisions in SASC’s version of the FY26 NDAA:

Right to Repair

“It’s common sense for members of the military to be able to fix their own weapons. Senator Sheehy and I fought hard to secure this provision that will improve military readiness and save taxpayers billions of dollars. It’s about time we stand up to Pentagon contractors that are squeezing every last cent from us at the expense of our national security,” said Senator Warren.

A provision, which includes portions of Senator Warren’s bipartisan Warrior Right to Repair Act, to guarantee all branches of the military the right to repair their equipment and requires contractors to provide any information needed to repair the equipment.

In January, Senator Warren secured Army Secretary Dan Driscoll’s support for taking on costly right to repair restrictions. She has also questioned defense contractors directly for their opposition to right to repair reform and introduced separate bicameral legislation to require contractors to provide repair materials in a timely and reasonable manner.

Promoting Transparency

“Secretary Hegseth’s attack on independent legal advisors doesn’t make anyone safer. I’m fighting to rein in this abuse of power and ensure transparency from this administration,” said Senator Warren.

A provision requiring DoD to notify Congress five days before the removal of a Judge Advocate General (JAG), top legal officers for the military services, and provide a justification.

Senator Warren, along with several of her SASC colleagues, sent a letter to Secretary Hegseth earlier this year raising concerns about how his firings of these top military lawyers would damage public trust and the apolitical foundation of the military legal system. In a March 2025 hearing, Senator Warren also highlighted, and a Trump defense nominee agreed with, the importance of the Judge Advocate General’s Corps, whom American troops rely on for legal advice and Senator Lindsey Graham has praised as “the conscience of the military.”

Service Member Health and Safety

“I’ve heard so many stories of service members suffering from the devastating effects of blast overpressure – cases of depression, suicide, and seizures. I led historic, bipartisan reforms in last year’s NDAA and will keep pushing DoD to do more,” said Senator Warren. “I’ve been fighting on this issue for years, and a long-term study on exposure would help us better ensure troops get the care and support they deserve.”

A provision providing an additional $5 million for blast overpressure analysis and mitigation beyond the Trump administration’s request;
A provision requiring DoD to provide a Congressional briefing on the feasibility of conducting a study on the long-term effects of blast overpressure exposure in partnership with a non-profit medical center specializing in Traumatic Brain Injuries (TBI) and with experience working with Special Operators;
A provision requiring the Government Accountability Office to study DoD’s compliance with blast overpressure reforms passed in last year’s NDAA, as well as DoD’s efforts to use cognitive assessments to track brain health, to document service member exposure, and to address the potential link between exposure and risks of suicide; and
A provision requiring the Joint Safety Council to provide Congress the executive summaries of Safety Investigation Boards (SIBs) conducted for the past three years and any corrective actions that were taken.

For over seven years, Senator Warren has led efforts to measure blast exposure and develop protocols that protect our military. She’s introduced bipartisan legislation to track service members’ exposure to and mitigate the effects of blast overpressure. She’s also hosted a hearing and a forum to highlight service members’ and veterans’ experiences with getting care for these injuries. In last year’s NDAA, Senator Warren secured historic reforms to improve access to care after exposure to blast overpressure and mitigate exposure risks.

Senator Warren has also highlighted the need for transparency around military accidents, the crash that killed Staff Sergeant Jacob Galliher– a young father from Pittsfield, Massachusetts.

Increasing Competition

“Increasing competition for our military’s AI and cloud computing programs creates better tools, saves money, and protects our national security. I’ll keep fighting to protect our military from being ripped off while keeping our markets fair and our information secure,” said Senator Warren.

Based on Senator Warren’s bipartisan Protecting AI and Cloud Competition Act, the bill requires DoD to produce a report on competition dynamics between AI and commercial cloud providers, the impacts of competition on overall innovation in AI, barriers to entry for small and new performers, and the impact of potential or perceived concentrations of market power or market share on competition;
A provision requiring the DoD Inspector General to review sole source cloud computing contracts awarded under the Joint Warfighter Cloud Capability program, including justifications, approvals, and systemic challenges to competition.
A provision requiring DoD to provide its strategy to monitor and mitigate the risks of future mergers and acquisitions;
A provision requiring DoD to maintain multiple sources as soon as possible, and no later than fiscal year 2031, for products in critical sectors; and
A provision tackling consolidation in the defense contracting industry by requiring that the Government Accountability Office (GAO) conduct a review of mergers in the previous 10 years to determine if changes to defense merger review laws and policies are necessary.

Senator Warren has urged the Defense Department to ensure its AI contracting processes will protect government data, save taxpayer funds, and promote competition. She’s also introduced bipartisan legislation to help rein in Big Tech companies and prevent them from cutting out competitors in the AI and cloud computing markets when it comes to defense contracting.

Drug Supply Chains and Health Care

“The DoD’s overreliance on overseas manufacturers gives our adversaries the power to restrict our access to the critical drugs we need to treat our men and women in uniform,” said Senator Warren. “Congress can save lives and save money by strengthening our domestic pharmaceutical supply to ensure we have access to the medicines necessary to treat service members in the field.”

“One of the nation’s biggest drug middlemen may be ripping off our military to boost its profits–and trying to hide this information from Congress. My provision ensures Congress has the information we need to hold contractors accountable for price-gouging on the backs of our servicemembers and taxpayers,” said Senator Warren.

A provision requiring DoD to report on how shortages and supply challenges for drugs and medical countermeasures have impacted military readiness and the ability for DoD to obtain the pharmaceuticals it needs for its personnel; and
A provision requiring DoD to provide a confidential briefing to the Armed Services Committee every six months on the differences in reimbursement rates or practices, direct and indirect remuneration fees or other price concessions, and clawbacks between pharmacies that are affiliates of TRICARE’s contracted Pharmacy Benefit Manager (PBM) and pharmacies that are not affiliates of TRICARE’s contracted PBM.

Senator Warren has long sounded the alarm on the danger of overly relying on foreign pharmaceutical manufacturers, for both the military and civilians. She has led bipartisan oversight and urged the Defense Department to reform acquisition rules to give preference to American-made products. She has also filed legislation to end the country’s reliance on foreign countries for critical drugs and a bipartisan bill to study the impacts of foreign investment in the U.S. pharmaceutical industry. Senator Warren has also called for audits into pharmacy benefit managers that price gouge the military.

Military Housing and Childcare

“Military families deserve safe, affordable housing. Congress must investigate the potential use of rent-setting algorithms used to price gouge military families and ban abusive landlords’ use of NDAs meant to keep military tenants quiet,” said Senator Warren.

A provision requiring DoD to provide a report and briefing to SASC on the extent to which privatized military housing companies are using algorithmic software, including RealPage, to set apartment rents for service members paid by basic allowance for housing (BAH);
A provision banning landlords from requesting that tenants sign non-disclosure agreements (NDAs) in privatized military housing;
A provision to establish a pilot program for increasing child development center employee wages on at least three military installations; and
A provision increasing the transparency of landlord financial practices by requiring privatized military housing companies to report their liability insurance coverage and the amounts of payments to tenants to resolve dispute resolutions.

Senator Warren has been a leader in raising concerns about problems with privatized military housing and led the push to protect military families. She has led oversight into landlords’ use of algorithmic pricing tools like RealPage to hike rents on servicemembers. She has also introduced legislation to address private military housing landlords’ use of NDAs and unsafe housing conditions. At an April 2025 hearing, Senator Warren secured a commitment from a Trump defense nominee to hold military housing contractors accountable, if needed.

Education

“Service members put their lives on the line for this country, so there’s no excuse for our government to fall short of its promises to them. Helping service members afford quality education is how our country recruits and maintains a fighting force,” said Senator Warren.

A provision requiring DoD to issue a report on the status of a data match to ensure service members can automatically receive Public Service Loan Forgiveness (PSLF); and
A provision directing GAO to issue a report on challenges service members face in student loan repayment, including scams, repayment procedures, and servicer misconduct.

Senator Warren has been a leading voice in fighting for strong education benefits for service members and families, fighting to restore benefits to veterans cheated by for-profit colleges and pushing the Defense Department to release data on the Postsecondary Education Complaint System (PECS), a centralized database to track complaints against schools who participate in tuition assistance programs. At an April 2025 hearing, she pressed military leaders on the impact of the Defense Department’s shortcomings on education benefits.

The House Armed Services Committee will convene to mark up its version of the NDAA next week.

MIL-OSI United Nations: Desperate Afghan refugees return to an unfamiliar home

Source: United Nations MIL OSI

The agency is calling for calm and cooperation to provide a dignified path forward for millions of displaced Afghans.

More than 1.6 million Afghans have returned from both neighbouring countries in 2024 alone, according to UNHCR – a figure that has already surpassed earlier forecasts for the entire year.

‘From Afghanistan – not of Afghanistan’

The scale and speed of these returns are placing enormous pressure on border provinces ill-equipped to absorb them, exacerbating poverty, insecurity and humanitarian need in a country still reeling from economic collapse and widespread human rights abuses.

Complicating the situation further is the fact that many returnees – especially women and children – are coming back to a country they barely know.

“They are from Afghanistan [but] not of Afghanistan – often born abroad with better education and different cultural norms. Their outlook is different from and often at odds with present day Afghanistan,” says Arafat Jamal, UNHCR Representative in the country.

Women and girls in particular face a jarring shift: from relative autonomy in host countries to a context where their rights are severely restricted by edicts from Taliban authorities.

Women’s rights in Afghanistan continue to face severe setbacks, with restrictions deepening across education, employment and public life

Disorientated and disorganised

He reported conditions that he had seen for himself recently in Islam Qala, a key border crossing with Iran.

Daily arrivals have surged to around 50,000 people, many of them disoriented and exhausted after arduous journeys. UN officials described scenes of desperation at reception centres.

“Many of these returnees have been abruptly uprooted and have undergone arduous, exhausting and degrading journeys – they arrive tired, disoriented, brutalised and often in despair, and they sprawl throughout a crowded centre in often 40°C (104°F) heat,” Mr. Jamal said.

While some returns are voluntary, he added that many are occurring under duress or without proper protections in place. Those returning include both officially registered refugees and people in “refugee-like” situations who may face serious risks upon arrival.

Funding crisis

The UN and humanitarian partners have mounted a broad-based response along the borders, providing food, water, health services, protection and onward transportation.

However, funding shortfalls are critically hampering operations. UNHCR’s response is just 28 per cent funded as of July, forcing aid agencies to ration supplies and make painful choices.

“We are living on borrowed funds,” Mr. Jamal said. “Daily, we are asking ourselves – should we give one blanket instead of four? One meal instead of three? These are heartbreaking, soul-destroying decisions.”

The situation is equally dire for other agencies: the wider, UN-led 2025 Humanitarian Needs and Response Plan for Afghanistan – which seeks $2.4 billion to assist nearly 17 million people across the country – is only 22 per cent funded.

Poverty and drought

Recent UN assessments have also warned of deteriorating conditions and deepening poverty within Afghanistan.

The UN Food and Agriculture Organization (FAO) issued alerts over worsening drought across much of the country, while the UN Development Programme (UNDP) reports that 70 per cent of Afghans already live at subsistence levels, as the collapse of public services and ongoing rights violations leaves millions in despair.

As returnees cross the border, often without notice or resources, local populations are being stretched to the limit.

Mr. Jamal noted that this “precarity layered upon poverty” risks fuelling frustration, competition over limited resources and new forms of social tension.

“Afghanistan may be welcoming, but it is wholly unprepared to receive this volume of returnees,” he said. “The communities who are taking people in are doing so with great generosity, but they are themselves in crisis.”

Global attention

The growing emergency comes just days after the UN General Assembly overwhelmingly adopted a resolution expressing “deep concern” over deteriorating conditions facing Afghans.

The resolution, passed with 116 votes in favour and only two against, urged the Taliban to reverse repressive policies and called for renewed international cooperation to support Afghan civilians.

The resolution highlighted the need for “coherent approaches” that bridge humanitarian, development and political efforts. It also called on donor countries to maintain or increase support.

MIL OSI United Nations News –

MIL-OSI Security: San Diego Securities Attorney Sentenced to Prison for Fraud

Source: Office of United States Attorneys

SAN DIEGO – Securities attorney Andrew Coldicutt was sentenced in federal court today to 85 months in prison for securities fraud, false securities registration statements, and wire fraud in connection with two pump-and-dump schemes.

U.S. District Judge Jinsook Ohta also ordered Coldicutt to pay $42,970 in forfeiture and a $100,000 fine.

Coldicutt was convicted by a federal jury in March on all 17 counts following a weeklong trial. According to evidence presented at trial, in the first scheme, Coldicutt worked with others from 2017 through 2019 to prepare and execute a pump-and-dump stock fraud scheme. Coldicutt created a business plan for a fake backyard fruit harvesting company. He prepared and filed securities registration statements with the SEC for an initial public offering of the company’s stock.

The securities registration statements contained false and misleading information about the company, its business plans, and the people who owned and controlled the company. Since Coldicutt was unwittingly working with undercover FBI agents and sources gathering evidence against him, no investors were injured.

In the second scheme, in 2019, one of Coldicutt’s corporate clients needed to raise money fast. Rather than raise money legally, Coldicutt presented the undercover FBI agents with another pump-and-dump stock fraud scheme. Coldicutt wrote a false attorney opinion letter to facilitate the sale of stock for the pump-and-dump scheme. However, a broker-dealer denied the stock transfer and again, no investors were injured.

A “pump and dump” scheme is a type of fraud where manipulators gain control over a company’s stock and boost a company’s stock price by spreading false information or trading in a way that creates fake demand. Once the stock price is inflated, they sell off their shares (the “dump”), causing the price to drop and leaving investors with losses.

“Attorneys are expected to uphold the law, not exploit it,” said U.S. Attorney Adam Gordon. “Today’s sentence holds the defendant accountable for abusing that trust and attempting to manipulate the market for personal gain.”

“Today’s sentence demonstrates the FBI’s commitment to hold accountable those who unlawfully pursue personal gain at the expense of the American people,” said Special Agent in Charge Mark Dargis of the FBI’s San Diego Field Office. “Attorneys who exploit the system not only hurt potential victims. They also erode the community’s trust. The FBI will relentlessly investigate such criminals to protect our citizens and ensure justice is served.”

The Securities and Exchange Commission has also taken civil action against Coldicutt.

DEFENDANT Case Number 22cr1881

Andrew Coldicutt Age: 44 San Diego, California

SUMMARY OF CHARGES

Title 15, U.S.C., Sec. 77q, 77x – Securities Fraud

Maximum Penalty: Five years in prison

Title 15, U.S.C., Sec. 77g, 77x – False Securities Registration Statements

Maximum Penalty: Five years in prison

Title 18, U.S.C., Sec. 1343 – Wire Fraud

Maximum Penalty: Twenty years in prison

INVESTIGATING AGENCY

Federal Bureau of Investigation

MIL-OSI USA: ICYMI: In Joint CBS Interview, Warren, Sheehy Highlight Bipartisan Fight For Military’s Right to Repair Its Own Equipment

US Senate News:

Source: United States Senator for Massachusetts – Elizabeth Warren

July 11, 2025

Warren: “The choice will belong to our military to make the right economic decision to purchase and then the right economic decisions down the line on how to repair it.”

Sheehy: “We’re at a point where we’ll have systems that are not ready for missions overseas in war zones, on ships, at forward-deployed bases, and we can’t conduct basic repairs to those systems.”

Full Interview (YouTube)

Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.) and Tim Sheehy (R-Mont.), who are both members of the Senate Armed Services Committee, sat down with CBS’s Caitlin Huey-Burns to highlight their Warrior Right to Repair Act of 2025, which would require contractors to provide the Department of Defense access to technical data and materials the military needs to repair and maintain its own equipment. This legislation aims to reduce government spending, promote competition, and improve military readiness. Portions of the bill are included in the Senate’s National Defense Authorization Act of 2026.

Watch the interview here and read the full transcript below:

CBS News: Why Sens. Elizabeth Warren and Tim Sheehy are teaming up to tame Pentagon spending
July 10, 2025

Caitlin Huey-Burns: Why can’t the military fix its own equipment?

Senator Elizabeth Warren: You want to go first, Tim?

Senator Tim Sheehy: Well, we’ve had decades of bureaucratic sclerosis that have created a really broken system that’s rife with perverse incentives. It’s also rife with requirements that aren’t always grounded in what the warfighter actually needs, and a huge focus on process over outcome. We’re at a point where we’ll have systems that are not ready for missions overseas in war zones, on ships, at forward-deployed bases, and we can’t conduct basic repairs to those systems. And I think we’re at a point now where we’ve seen multiple theaters of war, from Iraq to Afghanistan to Israel to Ukraine. We’re understanding the limits of this current defense acquisition paradigm, and it’s about time we fix it. So, it’s not one thing that happened. It’s an accumulation of 30 years of bureaucracy that’s kind of led to where we’re at now.

Senator Warren: And I would just add to what Senator Sheehy says here by pointing out that the defense contractors have figured out they get two bites at every apple this way. So, they sell you the initial product, whether it’s an oven on a submarine or it’s a fancy piece of warfighting equipment—that’s one—and they negotiate a price for that, but they hold back in the fine print. You can’t fix it yourself. So, when the safety clip breaks, when you get sand down in the equipment, and you need to mess with it some more, the answer is, too often, because of what’s in that contract that the military says to our service member, don’t touch that thing. You’ve got to retire, in effect, the piece of equipment, hold it over there, call a contractor, have the contractor fly in from a long, long way away, charge us for flying in, take the delay and charge us whatever they want to charge us to come in and fix that thing. That has turned out to be a very profitable model for some of the defense contractors. And what our bill says is no more, no more. The Defense Department, going forward, if our bill is signed into law, it basically says, here’s the deal: you negotiate the price to buy the thing, and if the thing breaks, we may fix it ourselves. We may go to another small business, a startup, some guy who set up shop to be able to fix just that kind of thing. Or we may come back to the manufacturer. But the choice will belong to our military to make the right economic decision to purchase and then the right economic decisions down the line on how to repair it.

Caitlin Huey-Burns: What about the argument, though, that the contractor knows the equipment better than anyone else has the ability to fix it better than anyone? Why shouldn’t they be allowed to be the ones?

Senator Warren: Let them compete. They want to offer. They want to say, “Hey, we can fix that.” You know what? I’ll bet if that happened, that the price of fixing it would go down, if there were competition—that is, if other little guys were in there saying, “Hey, we can fix this.” Or, let’s face it, the servicemember, himself or herself, who actually also knows this stuff. Let’s have that open competition. That’s what we need here on the military side, and frankly, it’s what we need throughout the country, whether we’re talking about cars or tractors or telephones, or anything else. But we’re starting here.

Caitlin Huey-Burns: So, you’re saying—you’re not saying that the contractor won’t be able to fix the equipment, they just can’t have a monopoly in it?

Senator Warren: That’s right, that they negotiated up front in fine print when nobody was looking and nobody was pricing it in. That’s where they’re making off like bandits.

Caitlin Huey-Burns: And Senator Sheehy, you approach this issue as a former seal officer. What kind of impact—Senator Warren talked about the financial aspects of this. What kind of impact has this had on the battlefield, on training, on our soldiers out there? What does it mean for military readiness?

Senator Sheehy: Less. Less readiness, to put it bluntly. We’ve had less readiness as a result of this. Now, our acquisition paradigm was really designed in the 1950s and 60s and hasn’t really changed since then. And in fairness to the Pentagon individuals and the contractors together, much of that’s been on us. We have not forced an upgrade to our DFARS, defense acquisition regulations, that govern the entire federal acquisition environment. We have not forced them to upgrade those, and it’s about time we do, because the systems simply were not as complicated. Software. Software is becoming one of the core pieces of functional equipment that we have.

Caitlin Huey-Burns: You two come from very different parties. You’re a very conservative Republican. You’re a very progressive Democrat. How is it that you two found this common ground? How is it that you guys came together on this piece of legislation?

Senator Sheehy: Well, I was making the rounds as a freshman who’s never served in any political office before, when I got here, I said, the first thing I do is I’m trying to meet with every single member I can, on both parties, and just introduce myself and get some advice and wisdom. And in our first meeting, you know, we just—she said, “Well, what do you want to do when you’re here?” And I listed the handful of things I wanted to focus on. One of them was defense acquisition reform. And I kind of went on my riff about how frustrated I was.

Caitlin Huey-Burns: Your eyes light up.

Senator Warren: I did.

Senator Sheehy: She popped up like an aerobics video, like, “That, we’re going to do it.” And we dug into it.

Caitlin Huey-Burns: “That’s my language.”

Senator Warren: Exactly, I said, “Another nerd, we can do this. We can do this.” But it is, there are these places that this isn’t political. This is about doing what is right.

MIL-OSI Security: Federal Grand Jury in Chicago Indicts Three Individuals for Alleged Covid-Relief Fraud

Source: United States Department of Justice (National Center for Disaster Fraud)

CHICAGO – A federal grand jury in Chicago has indicted three individuals for allegedly fraudulently obtaining more than $2 million in small business loans under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act.

TANIKA ECHOLS, ANTONIO ECHOLS, and TAMIA THOMPSON DAVIS engaged in fraud related to the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan Program (EIDL)–two sources of relief under the CARES Act, according to an indictment returned in the Northern District of Illinois. The indictment charges Tanika Echols, 45, of Austin, Texas, and formerly of South Holland, Ill., with 13 counts of wire fraud and seven counts of money laundering. Antonio Echols, 50, of Austin, Texas, and formerly of South Holland, Ill., who is Tanika Echols’s husband, is charged with three counts of wire fraud, while Davis, 27, of Austin, Texas, who is Tanika Echols’s daughter, is charged with four counts of wire fraud.

The indictment alleges that the defendants defrauded lenders of approximately $1.7 million in PPP loans and defrauded the SBA of approximately $307,000 in EIDL funds. Much of the money was used for the defendants’ personal benefit, including the purchase of mink coats from Andriana Furs in Chicago, the indictment states.

The defendants pleaded not guilty to the charges during their arraignments last week before U.S. Magistrate Judge Jeffrey T. Gilbert. A status hearing was scheduled for Aug. 13, 2025, at 9:00 a.m., before U.S. District Judge Thomas M. Durkin.

The indictment was announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, Basil Demczak, Special Agent-in-Charge of the Central Region of Amtrak’s Office of Inspector General, and Mark Reeves, Special Agent-in-Charge of the U.S. Railroad Retirement Board’s Office of Inspector General. The government is represented by Assistant U.S. Attorney Elie Zenner.

Pursuant to the CARES Act, a PPP loan allowed the interest and principal to be forgiven if businesses spent a certain amount of the proceeds on essential expenses, such as payroll, rent, and utilities, while the EIDL program provided loan assistance or grants to cover working capital and other operating expenses.

According to the indictment, the defendants from 2020 to 2022 submitted more than 100 fraudulent applications to lenders, loan service providers, and the Small Business Administration, on behalf of themselves, seven other individuals, and two businesses owned by Tanika Echols and Antonio Echols. The applications and supporting documents contained materially false statements and misrepresentations about the defendants’ companies, including the number of purported employees, revenue and payroll amounts, and other expenses, the indictment states.

The public is reminded that an indictment contains only charges and is not evidence of guilt. The defendants are presumed innocent until proven guilty beyond a reasonable doubt. Each wire fraud charge is punishable by up to 20 years in federal prison, while the maximum penalty for each count of money laundering is ten years. If convicted, the Court must impose reasonable sentences under federal statutes and the advisory U.S. Sentencing Guidelines.

Anyone with information about attempted fraud involving Covid-19 is encouraged to report it to the Department of Justice by calling the National Center for Disaster Fraud Hotline at 866-720-5721 or filing an online complaint at https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

MIL-OSI USA: Warnock Pushes Trump Admin For Answers on FEMA Cuts

US Senate News:

Source: United States Senator Reverend Raphael Warnock – Georgia
Senator Reverend Warnock first pressed DHS Secretary Kristi Noem for answers on major cuts to FEMA over a month ago. Secretary Noem has yet to respond to critical questions, even in the midst of hurricane season.
Senator Reverend Warnock: “Know that I will not sit idly by while Georgia lives and livelihoods are endangered. This is about our safety, and we deserve answers.”
Washington, D.C. – U.S. Senator Reverend Raphael Warnock (D-GA) is escalating his fight to get answers from DHS Secretary Kristi Noem on FEMA’s ability to respond to hurricanes in Georgia this storm season. Senator Warnock renewed his call for answers on social media after Noem failed to respond to his inquiry at the beginning of hurricane season in June.
Senator Warnock first pressed Secretary Noem for answers after leaked internal assessments revealed that FEMA is unprepared for the current storm season that began on June 1. The Senator’s calls also follow Secretary Noem’s recent statement in which she doubled down on the administration’s plan to eliminate the agency all together.
Senator Warnock asked Secretary Noem to commit to ensuring that FEMA’s Region IV office in Atlanta, which oversees disaster response for all of Georgia and much of the southeast, remains fully staffed and resourced for the 2025 hurricane season.
“We have seen the devastation and the impact of hurricanes and big storms in Georgia, time and time again,” said Senator Reverend Warnock. “We need to know if the administration is taking this seriously. We do know based on internal reports that much of the agency has been hollowed out. The evidence suggests that we do not have the personnel to respond at the beginning of hurricane season”
This is Senator Warnock’s latest effort to ensure that FEMA has the resources needed to protect Georgians from natural disasters and assist with recovery. In the aftermath of Hurricane Helene, Senator Warnock led a bipartisan, bicameral effort to secure billions of dollars in federal funding for disaster recovery efforts in Georgia. The Senator also introduced bipartisan legislation to extend the tax deadline for Georgians impacted by Hurricane Helene and other natural disasters. Senator Warnock also joined a bipartisan effort to demand that the Trump Administration reinstate the Building Resilient Infrastructure and Communities (BRIC) program, which supports local disaster mitigation projects including a $30 million award to Savannah for flood reduction measures that was canceled earlier this year.
Full text of the letter can be found HERE and below:
Dear Secretary Noem,
As the 2025 Atlantic hurricane season begins this week, and following Acting Administrator Richardson’s stunning and disturbing reported admission that he was unaware the United States has a hurricane season, I write with deep concern about the Trump administration’s efforts to dismantle the Federal Emergency Management Agency (FEMA) and the potentially devastating consequences for Georgia communities.
Nearly a year ago, in September 2024, Georgia and the entire southeast were bombarded by Hurricane Helene – a multi-state major disaster and the deadliest storm to strike the mainland United States in 20 years. At its peak, Hurricane Helene left more than 1 million Georgians without power, demanded 300 boil water advisories across the state, damaged over 200,000 homes, and left thousands of families displaced.
Fortunately, thanks to an early presence in Georgia and a “great” working relationship with the Georgia Emergency Management Agency and state leadership, FEMA was prepared to quickly mobilize assistance teams, deliver meals and water to the hardest-hit areas, and coordinate response and recovery efforts with state, local, and nonprofit leaders. Most importantly, FEMA remained in Georgia long after the national cameras left, helping Georgians along their road to recovery and hosting resource fairs for impacted communities on everything from applications for individual assistance to small business loans to housing needs. To date, FEMA has provided over $360 million to survivors and more than $400 million to local governments and communities in Georgia. Though not perfect, this effort required a level of coordination across state lines, rapid mobilization of personnel and supplies, and deep experience that only the federal government and FEMA can provide.
According to the National Oceanic and Atmospheric Administration (NOAA), the 2025 Atlantic hurricane season will likely be “above normal” and feature up to ten hurricanes, including five major storms that will threaten Georgia and much of the southeast. However, instead of working with state and local governments, nonprofits, and federal partners to prepare for the 2025 hurricane season, the Trump administration and the Department of Homeland Security (DHS) have haphazardly and irresponsibly worked to dismantle the nation’s lead disaster response agency without any workable alternative or sense of direction.
These reckless actions include:
Proposing a $646 million budget cut to FEMA in Fiscal Year (FY) 2026, along with the cancellation of billions in disaster relief and mitigation grants that help states prepare for future disasters;
Gutting FEMA’s workforce by nearly 30 percent, including more than 1,800 voluntary buyouts, 200 terminations, a hiring freeze, the departure of 16 senior officials, as well as the abject firing of FEMA’s administrator who warned against eliminating the agency;
Pursuing ill-conceived, shortsighted, and abrupt changes to longstanding FEMA policy, including quadrupling the damage threshold for Georgia communities to receive federal assistance from roughly $21 million to more than $84 million;
Canceling hurricane readiness trainings for state and local emergency managers in Georgia and across the country; and,
Eliminating the disaster resiliency-focused Building Resilient Infrastructure and Communities (BRIC) program, including a $30 million award to reduce flooding in Savannah, Georgia.
I am always open to considering thoughtful, transparent reforms developed in close partnership with Congress, states, and local officials, but these unilateral actions are gambling with the lives and livelihoods of millions of Georgians. As DHS’s own internal agency review states, “FEMA is not ready” for the upcoming hurricane season – a frightening assessment that I fear will soon have severe consequences in Georgia and southeastern coastal states.
To that end, I request answers to the following questions by June 26, 2025, so that Georgians may better understand how your actions will affect their safety during the 2025 hurricane season:
How would a budget cut of $646 million, as proposed in your FY26 budget request, help FEMA better prepare for and respond to future disasters in Georgia?
What analyses did DHS conduct to ensure that these budget cuts will not diminish the safety of Americans during hurricane season?

Please provide any policy justification or budget analysis supporting the cancellation of hurricane readiness trainings for state and local officials, including how such cancellations better prepare local communities for hurricane season.[1] In the absence of such trainings, how does DHS intend to ensure that local officials are prepared for hurricane season?
Of the FEMA employees who were terminated or accepted voluntary buyouts, how many performed a hurricane preparedness, logistic, or safety function, including those who collaborated with state and local governments before, during, and after a disaster?
What analyses, if any, has DHS conducted to assess the impact of implemented and proposed workforce reductions on FEMA’s ability to perform its emergency management functions? Please provide copies of any written communications, analyses, and other documentation concerning how workforce reductions will limit FEMA’s ability to carry out its core functions.
How many counties in Georgia that received federal assistance in the aftermath of previous disasters would have been denied that assistance if FEMA’s proposal to quadruple the damage threshold had been implemented prior to those disasters? Please provide a list of affected disasters and Georgia counties, including how much federal disaster assistance would have been lost by each county under FEMA’s new proposed threshold.
What public process or consultation, if any, did FEMA conduct before proposing an increase to the per capita impact indicator threshold?
Please provide a cost-benefit analysis supporting the cancellation of the BRIC program and awarded projects like Savannah, Georgia’s flood reduction measures, including how such cancellations make communities like Savannah more resilient and safer in the event of a severe storm.
What contingency plans are in place if FEMA staff and resources are overwhelmed during the 2025 hurricane season?
Are there plans to further adjust or reduce staffing at FEMA’s Region IV office in Atlanta, Georgia, which oversees disaster response for all of Georgia and much of the southeast?
Will you commit to ensuring this office remains fully staffed and resourced for the duration of the 2025 hurricane season?

MIL-OSI USA: WATCH: “Sh*t that ain’t true” — Padilla, Booker Call Out Trump’s Lies and Attacks, Explain How VISIBLE Act Will Make Americans, Law Enforcement Safer

US Senate News:

Source: United States Senator Alex Padilla (D-Calif.)

WATCH: “Sh*t that ain’t true” — Padilla, Booker Call Out Trump’s Lies and Attacks, Explain How VISIBLE Act Will Make Americans, Law Enforcement Safer

WATCH: Padilla, Booker push for immigration enforcement agents to display clear identificationWASHINGTON, D.C. — U.S. Senator Alex Padilla (D-Calif.), Ranking Member of the Senate Judiciary Immigration Subcommittee, and Cory Booker (D-N.J.) recently released a video on Instagram calling out President Donald Trump’s false claims and explaining the facts about how their legislation, the VISIBLE Act, would make Americans and law enforcement officials safer.
Trump’s attacks came a day after the Senators introduced legislation that would require officers conducting immigration enforcement to clearly identify themselves, and prohibit them from obscuring their identity with a facial covering while conducting their duties, with exceptions for environmental hazards and covert operations.
More information on the VISIBLE Act is available here.

Watch the full video here.
Earlier this week, Senator Padilla also led 13 Democratic Senators in a letter criticizing Immigration and Customs Enforcement (ICE) for engaging in counterproductive, theatrical enforcement activities — including raids on courthouses and restaurants — and requesting information from the agency on its mask and uniform policies. The Senators argued that these tactics are designed to sow fear and chaos and that allowing masked, plainclothes officers to engage in public raids creates situations where bad actors can commit crimes while claiming to be ICE agents.

MIL-OSI New Zealand: Road closed, Horahora Road, Arapuni

Source: New Zealand Police

Horahora Road, between State Highway 1 and Arapuni Road, Arapuni, is blocked following a road incident this morning.

Police were notified at around 5:45am of a tree that had fallen onto a vehicle, which is now blocking the road.

Forunately, no one was injured.

The road is closed, and motorists should avoid the area and expect significant delays.

ENDS

Issued by the Police Media Centre.

MIL OSI New Zealand News –

MIL-OSI: DRML Miner Launch Marks New Era as Bitcoin Surges Past $116K

Source: GlobeNewswire (MIL-OSI)

New York, NY, July 11, 2025 (GLOBE NEWSWIRE) — Bitcoin has lately hit the amazing landmark of $116,000, this marks an incredibly important milestone in finance history. I don’t think this milestone is merely a price, representing further entrenchment and acceptance of Bitcoin and cryptocurrencies in a global economy. A price above $100,000 represents a total paradigm shift in finance; there is increasing optimism in the market, mainstream adoption is accelerating, and Bitcoin keeps surprising us by outperforming all expectations.

The price increase is also connected to the underlying market trend occurring overall, that is being fueled by institutional adoption and interest, rising inflation concerns, and the search for digital decentralized assets. The global crypto market itself is maturing, and people start to see bitcoin not just as a ‘currency’, but as a long term store of value, it can replace gold as a store of value.

A Quick Look Back: Bitcoin’s Unstoppable Ascent

Bitcoin’s journey began in 2009 with little fanfare. Created by the pseudonymous Satoshi Nakamoto, it was introduced as a peer-to-peer electronic cash system. The early days were experimental—few believed it would ever become a serious financial asset.

Starting from just fractions of a cent, Bitcoin was valued at $1,000 in 2013, followed by $20,000 in 2017. After some extreme volatility over the next few years, it surpassed $60,000 in 2021. Now it’s 2025 and Bitcoin is over $116,000, setting records and changing the investment landscape.

Bitcoin’s supply is capped at 21 million coins, which is another part of its value proposition, creating scarcity of the asset and increasing interest. And as currency declines due to inflation, Bitcoin holds the possibility of becoming an alternative to a decentralized, scarce currency.

Why Bitcoin Is Surging in 2025

Several key factors have driven this historic price advance:

– Institutional Investment: The top financial institutions and corporations are investing serious money and adding Bitcoin to their balance sheet as a hedge against inflation.

– Adoption: Bitcoin is now being accepted across all areas of retail—everything from your local online retailer to multinational banks.

– Macroeconomic Instability: The growing inflation in all major economies has led many investors to consider crypto as a store of value.

– Technological Advances: New mining technologies have allowed or increased the security of the blockchain while pushing costs lower.

This is not a hype train—this is a train running on actual data, demand, and real value.

Enter DRML Miner: Redefining Crypto Mining for the Future

Amid Bitcoin’s surge, one name is making headlines in the mining industry: DRML Miner. As the demand for Bitcoin increases, so does the competition to mine it. Traditional mining rigs often fail to offer consistent profitability due to rising energy costs and difficulty levels.

DRML Miner is here to change that. With cutting-edge technology, unparalleled efficiency, and a user-first approach, DRML Miner is enabling individuals and businesses to mine Bitcoin profitably, regardless of scale.

What Sets DRML Miner Apart?

Unlike outdated mining equipment that requires high upfront investment and complex setup, DRML Miner delivers a modern, plug-and-play mining solution designed for efficiency and ease. Here’s why it stands out:

High Hash Rate Efficiency: Achieve maximum mining power with optimized processing speed.
Energy-Saving Design: Built to consume less power, reducing overhead and maximizing ROI.
Scalable Infrastructure: Suitable for solo miners, small businesses, and large-scale operations.
Real-Time Monitoring: Integrated dashboards allow users to track performance, earnings, and hardware status 24/7.
Global Support: Dedicated customer service ensures smooth onboarding and continued operational success.

DRML Miner doesn’t just offer hardware—it offers a complete, supported ecosystem designed to maximize earnings and simplify the mining process.

The Mining Industry Reimagined

Mining has often been associated with high complexity and low returns. DRML Miner is redefining this narrative by introducing mining solutions that are accessible, reliable, and scalable. Whether you’re new to crypto or an experienced investor, DRML makes profitable mining achievable.

By reducing the barrier to entry, DRML Miner empowers more people to participate in the Bitcoin ecosystem. This democratization of mining aligns perfectly with the decentralized spirit of cryptocurrency itself.

The Economic Impact of DRML Miner’s Technology

As Bitcoin reaches new heights, mining profitability becomes more attractive. However, only those with efficient systems can truly capitalize on these gains. DRML Miner helps miners stay ahead of rising competition by offering future-proof technology.

Its proprietary cooling systems, low power usage, and intelligent management tools allow users to achieve consistent returns—even as mining difficulty increases. This long-term approach creates stability in an otherwise volatile space.

The Road Ahead: Bitcoin and the Future of Finance

Based on the momentum Bitcoin possesses, it is set to reach new heights. Financial analysts suggest the price will reach and exceed $150,000 in the next year and with the amount of financial uncertainty existing across the globe, this is likely. Bitcoin’s adoption is expanding throughout the continents and creating a diversified investment portfolio.

At the same time, tools like DRML Miner will help with the infrastructure development and ultimately increase the network. With more people validating blockchain transactions, there will be a stronger foundation laid.

The future of Bitcoin lies well beyond just price—it is about infrastructure and access but also about impact on the world.

Conclusion: Your Opportunity to Join the Crypto Revolution

Bitcoin has verified the myth of breaking through all barriers as it confidently holds its position at $116,000. This accomplishment is monumental since price experience is one thing, but as decentralized finance continues to gain legitimacy, this is more far-reaching! As the markets take shape, chances like these are becoming increasingly limited.

With DRML Miner, you can be a part of the revolution from day one. The opportunity is available whether you want to diversify your income or create a mining dynasty. Reliable, scalable, and available tools are finally at our disposal.

Start mining smarter. Grow your crypto wealth. Be part of the future.

Explore the future of mining today at https://drmlminers.com/

Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks. There is a possibility of financial loss. You are advised to perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

MIL-OSI: Indigo Acquisition Corp. Announces Closing of Full Over-Allotment Option

Source: GlobeNewswire (MIL-OSI)

NEW YORK, July 11, 2025 (GLOBE NEWSWIRE) — Indigo Acquisition Corp. (the “Company”) announced today that it has consummated the sale of the full 1,500,000 units subject to the over-allotment option granted to the underwriters in connection with its initial public offering. The additional units were sold at $10.00 per unit, generating additional gross proceeds to the Company of $15,000,000

The Company’s units are listed on the Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “INACU.” Each unit consists of one ordinary share and one right entitling its holder to receive one tenth of one ordinary share upon the Company’s completion of an initial business combination, subject to adjustment. Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on Nasdaq under the symbols “INAC” and “INACR,” respectively.

The Company is a Cayman exempt company, formed as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company intends to focus on opportunities with established, profitable companies with attractive market positions and/or growth potential that can leverage our management team’s experience and expertise. The Company is led by its Chairman of the Board and Chief Executive Officer, James S. Cassel, and its Chief Operating Officer and Chief Financial Officer, Scott Salpeter.

EarlyBirdCapital, Inc. acted as the book-running manager for the offering and IB Capital acted as co-manager for the offering. The offering was made by means of a prospectus. Copies of the prospectus may be obtained from EarlyBirdCapital, Inc., 366 Madison Avenue, New York, New York 10017, Attention: Syndicate Department, or (212) 661-0200.

A registration statement relating to these securities was filed with the Securities and Exchange Commission (the “SEC”) and was declared effective on June 30, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements.” No assurance can be given that the net proceeds of the offering will be used as indicated in the offering prospectus. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact:

James S. Cassel, CEO
jcassel@cs-ib.com
305-438-7700

Scott Salpeter, CFO
ssalpeter@cs-ib.com
305-438-7700

MIL-OSI: Indigo Acquisition Corp. Announces Closing of Full Over-Allotment Option

Source: GlobeNewswire (MIL-OSI)

NEW YORK, July 11, 2025 (GLOBE NEWSWIRE) — Indigo Acquisition Corp. (the “Company”) announced today that it has consummated the sale of the full 1,500,000 units subject to the over-allotment option granted to the underwriters in connection with its initial public offering. The additional units were sold at $10.00 per unit, generating additional gross proceeds to the Company of $15,000,000

The Company’s units are listed on the Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “INACU.” Each unit consists of one ordinary share and one right entitling its holder to receive one tenth of one ordinary share upon the Company’s completion of an initial business combination, subject to adjustment. Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on Nasdaq under the symbols “INAC” and “INACR,” respectively.

The Company is a Cayman exempt company, formed as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company intends to focus on opportunities with established, profitable companies with attractive market positions and/or growth potential that can leverage our management team’s experience and expertise. The Company is led by its Chairman of the Board and Chief Executive Officer, James S. Cassel, and its Chief Operating Officer and Chief Financial Officer, Scott Salpeter.

EarlyBirdCapital, Inc. acted as the book-running manager for the offering and IB Capital acted as co-manager for the offering. The offering was made by means of a prospectus. Copies of the prospectus may be obtained from EarlyBirdCapital, Inc., 366 Madison Avenue, New York, New York 10017, Attention: Syndicate Department, or (212) 661-0200.

A registration statement relating to these securities was filed with the Securities and Exchange Commission (the “SEC”) and was declared effective on June 30, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements.” No assurance can be given that the net proceeds of the offering will be used as indicated in the offering prospectus. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact:

James S. Cassel, CEO
jcassel@cs-ib.com
305-438-7700

Scott Salpeter, CFO
ssalpeter@cs-ib.com
305-438-7700

MIL-OSI Canada: Minister Anand meets with China’s Director of the Office of the Central Commission for Foreign Affairs and Minister of Foreign Affairs, Wang Yi

Source: Government of Canada News

July 11, 2025 – Kuala Lumpur, Malaysia – Global Affairs Canada

The Honourable Anita Anand, Minister of Foreign Affairs, today met with Wang Yi, China’s Director of the Office of the Central Commission for Foreign Affairs and Minister of Foreign Affairs at the Association of Southeast Nations Regional Forum in Kuala Lumpur, Malaysia.

Highlighting the importance of regular communication channels, the ministers reiterated support for the upcoming meeting of the Joint Economic and Trade Commission, the next round of consular consultations and forthcoming counternarcotics discussions.

The ministers exchanged views on a range of global issues, including the conflicts in Ukraine and the Middle East. The ministers also discussed challenges and opportunities in the bilateral relationship and agreed to remain in touch with each other.

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MIL OSI Canada News –