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  • MIL-OSI Security: Savage Woman Pleads Guilty for Her Role in $250 Million Feeding Our Future Fraud Scheme

    Source: Office of United States Attorneys

    MINNEAPOLIS – A Savage woman pleaded guilty for her role in the fraud scheme that exploited a federally funded child nutrition program during the COVID-19 pandemic, announced Acting U.S. Attorney Lisa D. Kirkpatrick.

    According to court documents, Ayan Farah Abukar, 43, and her co-defendants participated in a massive scheme to defraud the Federal Child Nutrition Program by obtaining, misappropriating, and laundering millions of dollars in program funds that were intended as reimbursements for the cost of serving meals to children. The defendants exploited changes in the program intended to ensure underserved children received adequate nutrition during the COVID-19 pandemic. Rather than feed children, the defendants enriched themselves by fraudulently misappropriating millions of dollars in Federal Child Nutrition Program funds.

    According to court documents, Abukarwas the founder and executive director of Action for East African People, a non-profit which she enrolled in the Federal Child Nutrition Program under the sponsorship of Feeding Our Future and Sponsor A. Between October 2020 through 2022, Abukar falsely claimed to be serving as many as 5,000 children a day at her various sites in Bloomington, Minneapolis, Savage, and St. Paul. In total, Abukar fraudulently received approximately $5.7 million in fraudulent Federal Child Nutrition Program funds. As part of the scheme to defraud, Abukar also paid more than $330,000 in kickbacks to a Feeding Our Future employee. Abukar spent millions on real estate, including a 37-acre commercial property in Lakeville and spent hundreds of thousands of dollars to purchase an aircraft in Nairobi, Kenya.

    Abukar pleaded guilty today in U.S District Court before Chief Judge Schiltz to one count of conspiracy to commit wire fraud. A sentencing hearing will be scheduled at a later date.

    The case is the result of an investigation by the FBI, IRS – Criminal Investigations, and the U.S. Postal Inspection Service.

    Assistant U.S. Attorneys for the District of Minnesota Joseph H. Thompson, Harry M. Jacobs, Matthew S. Ebert, and Daniel W. Bobier are prosecuting the case. Assistant U.S. Attorney Craig Baune is handling the seizure and forfeiture of assets.

    MIL Security OSI –

  • MIL-OSI Security: Mexican Citizen Sentenced to 10 Months in Prison

    Source: Office of United States Attorneys

    HAMMOND – Oscar Valdivia-Salas, age 35, a citizen of Mexico and resident of Merrillville, Indiana, was sentenced by United States District Court Judge Philip P. Simon after pleading guilty to a felony charge of Illegal Reentry, announced Acting United States Attorney Tina L. Nommay.

    Valdivia-Salas was sentenced to 10 months in prison, 1 year of supervised release and ordered to pay a $100 special assessment.

    According to documents in the case, Valdivia-Salas has a previous felony conviction for Illegal Reentry out of the Western District of Missouri and was removed from the United States in 2018.

    This case was investigated by Homeland Security Investigations with assistance from U.S. Immigration and Customs Enforcement, Enforcement and Removal Operations.  The case was prosecuted by Assistant United States Attorney Emily Morgan.

    MIL Security OSI –

  • MIL-OSI Security: Delaware Man Sentenced to 135 Months in Federal Prison for Second Conviction Involving Child Sexual Abuse Material

    Source: Office of United States Attorneys

    WILMINGTON, Del. – Melvin Janvier, 37, of Newark, Delaware was sentenced on January 23, 2025, to 135 months in federal prison for possessing child sexual abuse material (“CSAM”), announced Shannon T. Hanson, Acting U.S. Attorney for the District of Delaware.  Following his time in prison, he will spend 15 years on federal supervised release.  U.S. District Court Judge Maryellen Noreika pronounced the sentence.

    According to court documents, the FBI Violent Crimes Against Children Unit, with the assistance of State of Delaware Probation and Parole, arrested Janvier after an FBI Child Exploitation Task Force investigation indicated Janvier was in possession of and sending CSAM from Janvier’s cellphone through the Internet in July 2021. 

    Law enforcement later found over 2,000 files containing CSAM on Janvier’s phone.  The files found on the device included images and videos of prepubescent minors, to include infants and toddlers, and materials portraying bondage and bestiality.  Janvier had previously been convicted in 2016 in the State of Delaware for possession of and dealing in CSAM and served four years in prison.

    Acting U.S. Attorney Hanson stated, “Our office is committed to protecting children and prosecuting those engaged in the sexual exploitation of minors through the possession and distribution of child sexual abuse material.  I wish to thank the FBI and our Delaware law enforcement partners who tirelessly pursed this case.”

    “There is nothing that can excuse Melvin Janvier’s sick behavior. Every one of the more than 2,000 images he possessed re-victimizes a child,” said FBI Baltimore SAC William J. DelBagno. “FBI Baltimore’s Violent Crimes Against Children Task Force is committed to putting predators like Janvier behind bars where they can no longer hurt others.”

    The FBI Baltimore Field Office, with the assistance from the FBI Washington Field Office and the State of Delaware Probation and Parole, investigated this case. Assistant U.S. Attorneys Samuel S. Frey and Briana Knox prosecuted the case. 

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the District of Delaware. Related court documents and information is located on the website of the District Court for the District of Delaware or on PACER by searching for Case No. 22-CR-78-MN.

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse launched in May 2006 by the U.S. Department of Justice.  Led by U.S. Attorney’s Offices across the country and the Child Exploitation and Obscenity Section of the Department of Justice, Project Safe Childhood marshals federal, state, and local resources to better locate, apprehend, and prosecute individuals who exploit children via the Internet as well as to identify and rescue victims.  For more information about Project Safe Childhood, please visit http://www.justice.gov/psc.

    MIL Security OSI –

  • MIL-OSI Security: Colombian Narco Trafficker Sentenced to 78 Months for Conspiring to Import Thousands of Kilos of Cocaine into the U.S.

    Source: Office of United States Attorneys

                WASHINGTON – Aldemar Soto-Charry, 64, a highly ranked member of the Revolutionary Armed Forces of Colombia (FARC), was sentenced in U.S. District Court to 78 months in federal prison for conspiring to distribute thousands of kilos of cocaine for importation into the United States. The sentence was announced by U.S. Attorney Edward R. Martin Jr. for the District of Columbia, DEA Special Agent in Charge Eugene L. Crouch of the DEA Andean Division, and FBI Special Agent in Charge Jeffrey Veltri of the FBI’s Miami Field Office.

                Soto-Charry, aka “El Ingeniero” (“the Engineer”), pleaded guilty on October 11, 2024, to conspiracy to distribute 500 grams or more of cocaine for importation into the United States and aiding and abetting in the same. As part of the plea agreement, Soto-Charry acknowledged he was accountable for engaging in a conspiracy on behalf of the FARC to transport over 1,000 kilos of cocaine on a regular basis to a Mexican cartel, ultimately knowing that the cocaine would be transported into the United States.

                In addition to the prison term, U.S. District Court Judge Amit P. Mehta ordered Soto-Charry to serve four years of supervised release.

                According to court documents, in 2018 the DEA commenced a targeted operation against large-scale drug traffickers in Colombia, including those connected to the FARC. In July 2018,  the DEA learned that Soto-Charry had claimed that FARC leadership was exploring opportunities to launder proceeds of drug sales, including through the purchase of real estate in Panama. The DEA enlisted confidential sources to meet with Soto-Charry and his co-conspirators.

                In October 2018, Soto-Charry was introduced to the CSs, one who posed as an individual with business connections in Panama and the other as a facilitator for large-scale drug transactions with the Mexican Gulf Cartel, which sought thousands of kilograms of cocaine for exportation abroad, including the United States. Soto-Charry detailed the FARC’s illicit business ventures, including laundering $10 million of cocaine proceeds through the construction of a medical clinic in Panama. Soto-Charry said he could organize drug deals using cocaine that was being processed at FARC-controlled cocaine laboratories in the jungles of Colombia. During a later meeting, Soto-Charry said the FARC could provide up to 2,000 kilograms of cocaine every few weeks.

                Between October 3, 2018, and July 25, 2019, the CSs regularly met with Soto-Charry and his co-conspirators to discuss the details of a potential deal for significant quantities of cocaine. During the meetings, Soto-Charry discussed FARC-related drug trafficking activities, cocaine pricing, cocaine purity, drug trafficking routes out of Colombia, and other logistical matters related to large-scale cocaine sales. As part of these discussions, Soto-Charry’s co-conspirators ultimately helped deliver a five-kilogram sample of cocaine and discussed how to transport it to the U.S.

                Soto-Charry was arrested in Colombia on August 8, 2019, and extradited to the United States on August 9, 2024. In his plea agreement, he accepted responsibility for conspiring to distribute 1,000 kilograms or more of cocaine. He has been in custody since the date of his arrest in Colombia.

                His co-defendant Mauricio Mazabel-Soto was sentenced to 73 months. Co-defendant Alfredo Molina-Cutiva received a sentence of 70 months.

                This case was investigated by the DEA and FBI. The Colombian Attorney General’s Office, specifically the Dirección Especializada contra el Narcotráfico, also provided valuable assistance. It is being prosecuted by Assistant U.S. Attorneys Iris McCranie and Special Assistant U.S. Attorney Ernesto J. Alvarado of the Violence Reduction and Trafficking Offenses (VRTO) Section. Valuable assistance was also provided by Assistant U.S. Attorney Kevin L. Rosenberg, who indicted and previously handled the case.

    19cr233

    MIL Security OSI –

  • MIL-OSI Security: Law Enforcement Cooperation Between United States and Mexico Leads to Mexican Takedown of Significant Fentanyl Trafficker

    Source: Office of United States Attorneys

    TUCSON, Ariz. – The United States Attorney’s Office for the District of Arizona announced today that extensive bilateral cooperation between the United States and Mexico resulted in Mexico’s Attorney General’s Office, Fiscalía General de la República (FGR), conducting a significant enforcement operation last week in Nogales, Sonora to dismantle a prolific transnational drug trafficking organization operating along the U.S.-Mexico border. The operation resulted in the arrest of two individuals in Mexico including the leader of the organization, Heriberto Jacobo Perez, and another member of the organization, Jesus Bernardo Rodriguez. Mexican authorities also seized four vehicles, two buildings, two firearms currency, a large number of fentanyl pills, and other controlled substances.  

    Six U.S.-based coordinators and operators with alleged ties to the same drug trafficking organization have been indicted. Rafael Alonso Arriaga, Fernando Garcia-Ibarra, Socorro Rascon, Emmanuel Sotelo-Salazar, Jostan Nathanae Vega-Ochoa, and Rosa Elena Peralta-Marrufo, were indicted by a federal grand jury on drug trafficking charges on July 24, 2024. Sotelo-Salazar was also indicted for the possession and distribution of a foreign pill press to fabricate fake pills.  Garcia-Ibarra and Vega-Ochoa remain fugitives. Another member of the organization, Eva Angelina De La Torre, was arrested on November 19, 2024, after she was caught attempting to smuggle fentanyl pills into the United States at the Mariposa Port of Entry in Nogales, Arizona.

    “Dismantling transnational crime requires cross-border cooperation,” said United States Attorney Gary Restaino.  “This is simply tremendous work by career civil servants with the Department of Justice in coordinating efforts with Mexican prosecutors to take down this criminal organization on both sides of the border.”

    This effort is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    Drug Enforcement Administration (DEA) – Nogales led the investigation in the United States, working in concert with Homeland Security Investigations – Nogales, the United States Marshals Service, and U.S. Customs and Border Protection. Support by DEA-Mexico City, and FGR’s Agencia de Investigación Criminal was critical in providing coordination between United States and Mexican law enforcement agencies. Through funding support from the Department of State’s Bureau of International Narcotics and Law Enforcement Affairs, the Justice Department’s Office of Overseas Prosecutorial Development, Assistance and Training provided valuable assistance. The United States Attorney’s Office, District of Arizona, Tucson, is prosecuting the seven individuals named above.
     

    CASE NUMBER:           CR-24-04681-TUC-JGZ
    RELEASE NUMBER:    2025-110_Heriberto Jacobo Perez, et al.

    # # #

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

    2025-110_Heriberto Jacobo Perez, et al.

    MIL Security OSI –

  • MIL-OSI Security: Feeding our Future Defendant Sentenced to 17 Years in Prison For His Role in $250 Million Fraud Scheme

    Source: Office of United States Attorneys

    MINNEAPOLIS – A Bloomington man has been sentenced to 210 months in prison followed by three years of supervised release for his role in a $250 million fraud scheme that exploited a federally funded child nutrition program during the COVID-19 pandemic, announced Acting U.S. Attorney Lisa D. Kirkpatrick. The defendant was also ordered to pay restitution in the amount of $47,920,514.

    “The defendant committed a brazen fraud that shamelessly stole taxpayer money intended to feed children during a global pandemic. He lined his pockets, here and abroad, with millions,” said Acting U.S. Attorney Kirkpatrick. “As the Court found, he doubled down on his crimes by obstructing justice. This significant sentence should serve as a clear warning to anyone who would seek to exploit and defraud government programs. You will be held accountable.”

    As proven at trial, Mukhtar Mohamed Shariff, 34, and his co-defendants devised and carried out a multi-million fraud scheme to defraud the Federal Child Nutrition Program. As the chief executive officer of Afrique Hospitality Group, Shariff obtained, misappropriated, and laundered millions of dollars in program funds that were intended as reimbursements for the cost of serving meals to children. Their scheme was accomplished by exploiting changes in the nutrition program intended to ensure underserved children received adequate nutrition during the COVID-19 pandemic. Shariff and his co-defendants created and submitted fraudulent meal count sheets purporting to document the number of children and meals served at each site and false invoices purporting to document the purchase of food to be served to children at the sites. The conspirators also submitted fake attendance rosters purporting to list the names and ages of the children receiving meals at the sites each day. These rosters were fabricated and created using fake names. 

    The Federal Child Nutrition Program, administered by the U.S. Department of Agriculture (USDA), is a federally funded program designed to provide free meals to children in need. The USDA’s Food and Nutrition Service administers the program throughout the nation by distributing federal funds to state governments. In Minnesota, the Minnesota Department of Education (MDE) administers and oversees the Federal Child Nutrition Program. Meals funded by the Federal Child Nutrition Program are served by “sites.” Each site participating in the program must be sponsored by an authorized sponsoring organization. Sponsors must submit an application to MDE for each site. Sponsors are also responsible for monitoring each of their sites and preparing reimbursement claims for their sites. The USDA then provides MDE federal reimbursement funds on a per-meal basis. MDE provides those funds to the sponsoring agency who, in turn, pays the reimbursements to the sites under its sponsorship. The sponsoring agency retains 10 to 15 percent of the funds as an administrative fee.

    During the COVID-19 pandemic, the USDA waived some of the standard requirements for participation in the Federal Child Nutrition Program. Among other things, the USDA allowed for-profit restaurants to participate in the program, and it allowed for off-site food distribution to children outside of educational programs.

    Following a seven-week trial in U.S. District Court before Judge Nancy E. Brasel in June 2024, Shariff was convicted of one count of conspiracy to commit wire fraud, one count of wire fraud, one count of conspiracy to commit money laundering, and one count of money laundering. In handing down the sentence today, Judge Brasel commented that Shariff’s conduct showed a “staggering lack of respect for the law,” and that taxpayers were “outraged by the brazenness of the crime.”

    The case is the result of an investigation by the FBI, IRS – Criminal Investigations, and the U.S. Postal Inspection Service. 

    Assistant U.S. Attorneys for the District of Minnesota Joseph H. Thompson, Harry M. Jacobs, Matthew S. Ebert, and Daniel W. Bobier prosecuted the case. Assistant U.S. Attorney Craig Baune is handling the seizure and forfeiture of assets.

    MIL Security OSI –

  • MIL-OSI Security: Miami-Dade County Woman Pleads Guilty To Providing Contraband To A Coleman Prisoner

    Source: Office of United States Attorneys

    Ocala, Florida – United States Attorney Roger B. Handberg announces that Janai Chanel Stephens (38, Opa Locka) entered guilty pleas to an indictment charging her with making a materially false statement or representation to a federal agency and providing contraband to a federal prisoner. Stephens faces up to five years in federal prison. A sentencing date has not yet been scheduled. A federal grand jury indicted Stephens on May 28, 2024. 

    According to court records, on March 10, 2024, Stephens entered the Coleman Federal Correctional Complex in Sumter County with a bag containing tobacco cigarettes that she intended to give to a federal inmate. Federal inmates are prohibited from possessing tobacco in prisons, as it threatens the order, discipline, and security of the prison. When entering the facility, Stephens falsely claimed to a corrections officer that she did not have any tobacco products in her possession.  Stephens was then permitted to meet with a federal inmate in a visitation room.  During that meeting, surveillance footage showed Stephens throwing the bag with the cigarettes that she had smuggled into the prison to the inmate. 

    This case is being prosecuted as part of a United States Department of Justice (DOJ) task force aimed at rooting out contraband and misconduct in the Federal Bureau of Prisons (BOP). The task force was led by the BOP and the DOJ – Office of the Inspector General, with support from the Federal Bureau of Investigation, the Drug Enforcement Administration, and the United States Attorney’s Office for the Middle District of Florida. 

    This case was investigated by the BOP and the DEA. It is being prosecuted by Assistant United States Attorney Hannah Nowalk Watson.

    MIL Security OSI –

  • MIL-OSI: Linkage Global Inc Announces Fiscal Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    TOKYO, Jan. 24, 2025 (GLOBE NEWSWIRE) — Linkage Global Inc (“Linkage Cayman”, or the “Company”), a cross-border e-commerce integrated services provider headquartered in Japan, today announced its financial results for the fiscal year ended September 30, 2024.

    Fiscal Year 2024 Financial Highlights

    • Total revenues decreased by approximately 19.19% from USD12.73 million for the fiscal year ended September 30, 2023 to USD10.29 million for the fiscal year ended September 30, 2024.
    • Our new fully managed e-commerce operation services that was launched in April 2024, generated USD3.28 million in revenue.
    • Gross profit increased by approximately USD2.31 million, or 123.91%, from USD1.86 million for the fiscal year ended September 30, 2023 to USD4.17 million for the fiscal year ended September 30, 2024.
    • Net loss decreased by USD0.21 million, or 32.69%, from USD0.65 million for the fiscal year ended September 30, 2023 to USD0.44 million for the fiscal year ended September 30, 2024.

    Mr. Zhihua Wu, Chairman and CEO of the Company, commented: “For the fiscal year ended September 30, 2024, total revenues decreased by about 19.19% from USD12.73 million in 2023 to USD10.29 million, primarily attributable to the decrease of cross-border sales. Specifically, cross-border revenues fell by USD4.11 million, with our Japanese subsidiary experiencing a 53.12% decline. This was largely driven by yen depreciation, which raised prices in Japan and resulted in a decline in consumers’ purchasing power. It was also exacerbated by the depreciation of the Japanese yen against U.S. dollars.”

    “Our integrated e-commerce services saw a rise of USD1.67 million, thanks to our new fully managed e-commerce operation services, which generated USD3.28 million in revenue. However, digital marketing revenues plummeted from USD1.53 million to USD0.31 million because Google updated agreements with more stringent criteria for incentives. In order to cope with the change of policies from Google, we actively engaged in direct and indirect cooperations with other social platforms, such as TikTok and Facebook.”

    “Our gross profit increased by USD2.31 million or 123.91% to USD 4.17 million, largely due to the new business fully managed e-commerce operation services with gross profit of USD2.94 million and gross profit margin of 89.62%.”

    “Looking ahead, while we faced challenges in fiscal year of 2024, our expansion in integrated e-commerce positions us for future growth. We remain committed to enhancing partnerships, optimizing operations, and exploring new market opportunities. These strategies will help us navigate market fluctuations and achieve sustainable growth in the coming years.”

    Fiscal Year 2024 Financial Results

    Revenues

    Total revenues decreased by approximately USD2.44million, or 19.19%, from approximately USD12.73 million for the year ended September 30, 2023 to approximately USD10.29 million for the year ended September 30, 2024, primarily attributable to the decrease of cross-border sales.

    Our breakdown of revenues by revenue streams for the years ended September 30, 2024 and 2023 is summarized below:

        For the Years Ended September 30,
    		  
        2024     2023  
        USD     USD  
    Cross border Sales     6,476,939       10,587,053  
    Integrated E-commerce services     3,812,742       2,146,286  
    Fully managed e-commerce operation services     3,280,002       —  
    Digital marketing services     312,180       1,527,247  
    Others     220,560       619,039  
    Total revenues     10,289,681       12,733,339  
     

    Our breakdown of revenues by geographic areas for the years ended September 30, 2024, and 2023 is summarized below:

        For the Years Ended September 30,
    		  
        2024     2023
    		  
        USD     USD
    		  
    Japan     4,101,865       8,749,200  
    Hong Kong     3,612,126       1,987,182  
    China     2,575,690       1,996,957  
    Total revenues     10,289,681       12,733,339  
     

    Revenues from cross-border sales fell by USD 4.11 million, or 38.82%, from USD10.59 million in 2023 to USD6.48 million in 2024. Our Japanese subsidiary, EXTEND, accounted for USD 4.10 million or 39.86% of total revenues, but saw a 53.12% decline. This drop was primarily due to the yen’s depreciation, which increased prices and reduced consumer purchasing power for non-essential 3C electronic products. The decrease was also exacerbated by the depreciation of the Japanese yen against U.S. dollars. The average exchange rate also worsened, dropping from $1=¥138.93 in 2023 to $1=¥150.33 in 2024, respectively, resulting in a decrease of 8.20%.

    Revenues from integrated e-commerce services rose by USD1.67 million or 77.64%, from USD2.15 million to USD3.81 million, driven by a new fully managed e-commerce operation generating USD3.28 million.

    Revenues from digital marketing services dropped to USD0.31 million due to stricter Google incentive policies and a 40.76% decline in merchant numbers. To adapt, we are partnering with platforms like TikTok and Facebook while expanding our e-commerce services.

    Revenues from training, consulting, and TikTok agent services decreased by USD0.40 million or 64.37%, from USD 0.62 million to USD 0.22 million.

    Cost of Revenues

    Cost of revenues decreased by 43.68% from approximately USD10.87 million for the year ended September 30, 2023 to approximately USD6.12 million for the year ended September 30, 2024.

    Gross Profit

    Gross profit increased by approximately USD2.31 million, or 123.91%, from USD1.86 million for the year ended September 30, 2023 to USD4.17 million for the year ended September 30, 2024. The increase was primarily attributable by the new business fully managed e-commerce operation services with gross profit of USD2.94 million and gross profit margin of 89.62%. The high gross profit margin is mainly due to the low cost, which was mainly composed of the salaries of the operation personnel.

    Gross profit margin of cross-border sales increased from 7.82% for the year ended September 30, 2023 to 13.99% for the year ended September 30, 2024. The decrease was mainly due to that the depreciation of the Japanese yen has led to a rise in prices of goods in Japan.

    Gross profit margin of integrated e-commerce related services increased from 48.10% for the year ended September 30, 2023 to 85.52% for the year ended September 30, 2024. The increase was primarily attributable by the new business fully managed e-commerce operation services with gross profit of USD2.94 million and gross profit margin of 89.62%.

    Operating Expenses

    Operating expenses increased from USD2.43 million for the year ended September 30, 2023 to USD4.24 million for the year ended September 30, 2024, representing a year-on-year increase of 74.49%. This increase was primarily attributable to the increases in our general and administrative expenses, offsetting the decreases in selling and marketing expenses and research and development expenses.

    Other income/(expenses), net

    Other non-operating income increased from USD0.01 million for the year ended September 30, 2023 to USD0.02 million for the year ended September 30, 2024. Investment income increased by 2003.35% from USD2,119 for the year ended September 30, 2023 to approximately USD44,570 for the year ended September 30, 2024.

    Income taxes

    Income tax (expenses) /benefits decreased by USD0.65 million, from USD0.06 million of tax benefit for the year ended September 30, 2023 to USD0.59 million of tax expenses for the year ended September 30, 2024. This decrease was primarily attributable to net profit for the year ended September 30, 2024, and the valuation allowance for deferred tax assets.

    Net (loss)

    As a result of the foregoing, net loss decreased by USD0.21 million, or 32.69%, from USD0.65 million for the year ended September 30, 2023 to USD0.44 million for the year ended September 30, 2024.

    About Linkage Global Inc

    Linkage Global Inc is a holding company incorporated in the Cayman Islands with no operations of its own. Linkage Cayman conducts its operations through its operating subsidiaries in Japan, Hong Kong, and mainland China. As a cross-border e-commerce integrated services provider headquartered in Japan, through its operating subsidiaries, the Company has developed a comprehensive service system comprised of two lines of business complementary to each other, including (i) cross-border sales and (ii) integrated e-commerce services. For more information, please visit http://www.linkagecc.com.

    Safe Harbor Statement

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s annual reports on Form 20-F and other filings with the U.S. Securities and Exchange Commission.

    For more information, please contact:

    Investor Relations
    WFS Investor Relations Inc.
    Connie Kang, Partner
    Email: ckang@wealthfsllc.com

    Linkage Global Inc
    CONSOLIDATED BALANCE SHEETS
    AS OF SEPTEMBER 30, 2024 AND 2023
    (In U.S. dollars, except for share and per share data, or otherwise noted)
     
        As of September 30,  
        2024       2023  
        USD  
    ASSETS            
    Current assets            
    Cash and cash equivalents     2,000,732         1,107,480  
    Accounts receivable, net     6,302,696         2,011,047  
    Inventories, net     66,331         679,732  
    Deferred offering costs     —         1,076,253  
    Deposits paid to media platforms     482,650         3,717,773  
    Prepaid expenses and other current assets, net     2,689,581         1,053,687  
    Short-term loan to third party     410,000         —  
    Total current assets     11,951,990         9,645,972  
                     
    Non-current assets                
    Property and equipment, net     85,807         158,642  
    Deferred tax assets     —         149,129  
    Right-of-use assets, net     653,730         624,945  
    Other non-current assets     —         54,825  
    Total non-current assets     739,537         987,541  
    TOTAL ASSETS     12,691,527         10,633,513  
                     
    LIABILITIES AND SHAREHOLDERS’ EQUITY                
    Current liabilities                
    Accounts payable     624,723         1,142,667  
    Accrued expenses and other current liabilities     236,813         309,986  
    Short-term debts     32,810         —  
    Current portion of long-term debts     428,702         535,226  
    Contract liabilities     533,625         530,488  
    Amounts due to related parties     314,544         1,413,604  
    Lease liabilities – current     231,978         187,214  
    Convertible bonds     964,865         —  
    Income tax payable     1,017,619         581,235  
    Total current liabilities     4,385,679         4,700,420  
                     
    Non-current liabilities                
    Long-term debts     839,560         1,996,326  
    Lease liabilities – noncurrent     441,504         439,854  
    Total non-current liabilities     1,281,064         2,436,180  
    Total liabilities     5,666,743         7,136,600  
                     
    Commitments and contingencies (Note 22)                
                     
    Shareholders’ equity                
    Ordinary shares (par value of US$0.00025 per share; 200,000,000 ordinary shares authorized, 21,500,000 and 20,000,000 ordinary shares issued and outstanding as of September 30, 2024 and 2023, respectively) *     5,375         5,000  
    Additional paid in capital     5,591,596         1,549,913  
    Statutory reserve     11,348         11,348  
    Retained earnings     1,613,217         2,052,553  
    Accumulated other comprehensive loss     (196,752 )       (121,901 )
    Total shareholders’ equity     7,024,784         3,496,913  
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     12,691,527         10,633,513  
     
    Linkage Global Inc
    CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS)
    FOR THE YEARS ENDED SEPTEMBER 30, 2024, 2023 AND 2022
    (In U.S. dollars, except for share and per share data, or otherwise noted)
     
        For the years ended
    September 30,    		  
        2024     2023     2022  
        USD  
    Revenues     10,289,681       12,733,339       22,028,303  
    Cost of revenues     (6,123,025 )     (10,872,484 )     (18,323,802 )
    Gross profit     4,166,656       1,860,855       3,704,501  
                             
    Operating expenses                        
    General and administrative expenses     (3,506,075 )      (1,373,695 )     (1,047,552 )
    Selling and marketing expenses     (434,856 )      (595,804 )     (812,062 )
    Research and development expenses     (302,280 )      (588,108 )     (628,350 )
    Gain from disposal of property and equipment     —       125,804       193,191  
    Total operating expenses     (4,243,211 )     (2,431,803 )     (2,294,773 )
    Operating (loss)/profit     (76,555 )      (570,948 )     1,409,728  
                             
    Other income/(expenses)                        
    Investment income     44,570       2,119       8,402  
    Impairment loss from equity investment     —       (60,046 )     —  
    Interest income/(expenses), net     160,685       (102,360 )     (79,455 )
    Other non-operating income     21,644       14,557       113,658  
    Total other income/(expenses), net     226,899       (145,730 )     42,605  
                             
    Income/(loss) before income taxes     150,344       (716,678 )     1,452,333  
    Income tax (provision)/ benefit     (589,680 )     63,950       (385,958 )
    Net (loss)/income     (439,336 )     (652,728 )     1,066,375  
                             
    Net (loss)/income     (439,336 )     (652,728 )     1,066,375  
    Other comprehensive income                        
    Foreign currency translation adjustment     (74,851 )     (15,524 )     (57,722 )
    Total comprehensive (loss) /income attributable to the Company’s ordinary shareholders     (514,187 )     (668,252 )     1,008,653  
                             
    Earnings per ordinary share attributable to ordinary shareholders                        
    Basic and Diluted*     (0.02 )     (0.03 )     0.05  
    Weighted average number of ordinary shares outstanding                        
    Basic and Diluted*     21,175,342       20,000,000       20,000,000  
    Linkage Global Inc
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    FOR THE YEARS ENDED SEPTEMBER 30, 2024, 2023 AND 2022
    (In U.S. dollars, except for share and per share data, or otherwise noted)
     
        For the years ended
    September 30,    		  
        2024     2023     2022  
        USD  
    CASH FLOWS FROM OPERATING ACTIVITIES:                  
    Net (loss)/income     (439,336 )     (652,728 )     1,066,375  
                             
    Adjustments to reconcile net (loss)/income to net cash (used in) /provided by operating activities:                        
    Effect of exchange rate changes     (226,846 )     —       —  
    Allowance for credit loss     958,584       116,428       —  
    Depreciation and amortization     86,911       83,226       81,625  
    Amortization of lease right-of-use assets     224,451       180,464       —  
    Share of profit from long-term investment     —       (2,119 )     (8,402 )
    Disposal gain from property and equipment     —       (125,804 )     (193,191 )
    Inventory write-downs     11,858       19,981       21,282  
    Deferred tax expenses/(benefits)     148,239       (160,402 )     80,519  
    Long-term investment impairment     —       60,046       —  
    Changes in operating assets and liabilities:                        
    Accounts receivable, net     (5,023,387 )     36,738       (910,221 )
    Other non-current assets     —       —       (61,039 )
    Prepaid expenses and other current asset, net     1,870,567       (3,871,930 )     (520,377 )
    Inventories, net     601,543       (359,859 )     (78,455 )
    Accounts payable     (517,944 )     624,347       (11,703 )
    Contract liabilities     3,137       84,680       371,639  
    Accrued expenses and other current liabilities     (37,987 )     (25,816 )     152,448  
    Amounts due from related parties     —       34,552       (40,098 )
    Amounts due to related parties     446,469       139,772       946,379  
    Tax payable     436,384       113,597       272,148  
    Operating lease liabilities     (178,037 )     (178,341 )     —  
    Net cash (used in)/provided by operating activities     (1,635,394 )     (3,883,168 )     1,168,928  
                             
    Cash flow from investing activities                        
    Purchase of property and equipment     —       (12,137 )     (481,391 )
    Proceeds from disposal of property and equipment     —       1,745,094       1,265,217  
    Proceed from withdrawal of long-term investment     44,570       93,574       —  
    Provide short-term loan to third party     (410,000 )     —       —  
    Purchase of long-term investments     —       —       (40,098 )
    Net cash (used in)/provided by investing activities     (365,430 )     1,826,531       743,728  
                             
    Cash flow from financing activities                        
    Proceeds from issuance of Class A ordinary shares upon the completion of IPO     5,356,417       —       —  
    Proceeds from issuance of convertible bonds     999,957       —       —  
    Payment of service fees for convertible bonds     (351,000 )     —       —  
    Proceeds from short-term debts     133,044       —       160,391  
    Proceeds from long-term debts     —       1,238,592       1,167,861  
    Repayments of short-term debts     (101,778 )     (107,963 )     (280,692 )
    Repayments of long-term debts     (1,325,703 )     (1,918,181 )     (1,001,815 )
    Proceed of interest-free loan from related parties     3,031,467       —       —  
    Repayments of loans to a related party     (4,593,092 )     —       —  
    Capital contribution from shareholder     —       1,430,612       —  
    Payments for deferred offering costs     (273,287 )     (1,041,447 )     —  
    Net cash provided by/(used in) financing activities     2,876,025       (398,387 )     45,745  
    Effect of exchange rate changes     18,051       (123,887 )     (51,067 )
    Net change in cash and cash equivalents     893,252       (2,578,911 )     1,907,334  
    Cash and cash equivalents, beginning of the year     1,107,480       3,686,391       1,779,057  
    Cash and cash equivalents, end of the year     2,000,732       1,107,480       3,686,391  
                             
    Supplemental disclosures of cash flow information:                        
    Income tax paid     2,050       150,124       33,291  
    Interest expense paid     48,607       65,901       57,776  
                             
    Supplemental disclosures of non-cash activities:                        
    Obtaining right-of-use assets in exchange for operating lease liabilities     209,652       805,409       N/A  

    The MIL Network –

  • MIL-OSI: CORRECTION: XCHG Limited

    Source: GlobeNewswire (MIL-OSI)

    HAMBURG, Germany, Jan. 24, 2025 (GLOBE NEWSWIRE) — In a release issued on January 21, 2025 by XCHG Limited (NASDAQ: XCHG), please note that an incorrect version of the release was distributed. The corrected release follows:

    XCHG Limited (“XCharge” or the “Company”), (NASDAQ: XCH), a global leader in integrated EV charging solutions, today announced a collaboration with a leader in the rental car space to upgrade its EV charging offerings at US airport rental facilities. XCharge has completed charging station construction at the rental company’s sites in several major East Coast airports and has secured a pipeline of future projects at the rental company’s additional airport locations along the eastern seaboard.

    XCharge’s high-speed chargers and efficient installation process have rapidly strengthened the rental company’s airport charging infrastructure, helping it meet its service standards and goals for expanding its EV rental fleet. Given their relatively small footprint and utility grid constraints, U.S. airport rental car locations face unique challenges in EV adoption. XCharge’s comprehensive solutions are designed to work within these boundaries, offering fast, simple installation without the need for intensive site upgrades, maximizing efficiency and reducing the complexity of construction.

    Furthermore, XCharge’s Level-3 charging stations empower shorter charging cycles compared with the Level-2 solutions commonly used in existing airport locations, resolving rental car service bottlenecks and enhancing customer satisfaction. At the Company’s initial airport project for the rental company, XCharge’s simultaneous charging technology significantly reduced the average charging time, improving charging speed by more than tenfold.      

    Aatish Patel, President of XCharge, said, “We’re thrilled by the positive outcomes of this collaboration. The results underscore our commitment to being more than just a hardware supplier – we want to resolve our partners’ most pressing concerns as efficiently as possible, whether that is site design, operational efficiency, or even EV charging education. By focusing on the broader needs of those we work with, we have created turnkey solutions that address key challenges effectively. We look forward to expanding this cooperation and bringing our high-quality charging services to more customers nationwide.”

    With charging anxiety remaining a top concern for EV drivers, especially first-timers, XCharge will continue to strategically elevate its presence in locations with substantial organic consumer traffic to introduce its convenient, high-speed charging services to a broader audience.

    About XCharge

    XCharge (NASDAQ: XCH), founded in 2015, is a global leader in integrated EV charging solutions. The company offers comprehensive EV charging solutions, which primarily include DC fast chargers and advanced battery-integrated DC fast chargers as well as their accompanying services. Through the combination of XCharge’s proprietary charging technology, energy storage system technology and accompanying services, the Company enhances EV charging efficiency and unlocks the value of energy storage and management. Committed to providing innovative and efficient EV charging solutions, XCharge is actively working toward establishing a global green future that is critical to long-term growth and development.

    Safe harbor statement

    This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release, and the company does not undertake any duty to update such information, except as required under applicable law.

    For investor and media inquiries, please contact:

    XCharge

    IR Department

    Email: ir@xcharge.com

    Piacente Financial Communications

    Brandi Piacente

    Tel: +1-212-481-2050

    Jenny Cai

    Tel: +86 (10) 6508-0677

    Email: XCharge@tpg-ir.com

    The MIL Network –

  • MIL-OSI: Ninepoint Partners Announces Estimated January 2025 Cash Distributions for Ninepoint Cash Management Fund – ETF Series

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Jan. 24, 2025 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint Partners”) today announced the estimated January 2025 cash distribution for the ETF Series of Ninepoint Cash Management Fund (the “Fund”). Ninepoint Partners expects to issue a press release on or about January 30, 2025, which will provide the final distribution rate. The record date for the cash distribution is January 31, 2025, payable on February 7, 2025.

    All estimates in this document are based on the accounting data as of January 24, 2025. Due to subscriptions and/or redemptions and/or other factors, the final January 2025 distribution may differ from these estimates and the difference could be material. The information included in this letter is for reference purposes only. Please reconcile all information against your official client statements. This is not intended to be a statement for official tax reporting purposes or any form of tax advice.

    The actual taxable amounts of distributions for 2025, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2026. Securityholders can contact their brokerage firm for this information.

    The per-unit estimated January distribution is detailed below:

    Ninepoint ETF Series Ticker Cash Distribution per
    unit    		 Notional Distribution
    per unit    		 CUSIP
    Ninepoint Cash Management Fund NSAV $0.13608 $0.00000 65443X105
             

    About Ninepoint Partners

    Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.

    For more information on Ninepoint Partners LP, please visit http://www.ninepoint.com or for inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

    Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not residents in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.

    Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund’s distribution policy.

    The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund’s performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor’s original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor’s adjusted cost base will be reduced by the amount of any returns of capital. If an investor’s adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.

    Sales Inquiries:

    Ninepoint Partners LP
    Neil Ross
    416-945-6227
    nross@ninepoint.com

    The MIL Network –

  • MIL-OSI USA: Booker, Carson Lead Colleagues in Introducing Resolution Designating January as Muslim-American Heritage Month

    US Senate News:

    Source: United States Senator for New Jersey Cory Booker
    WASHINGTON, D.C. – U.S. Senator Cory Booker (D-NJ) and U.S. Representative André Carson (D-IN-07) led colleagues in introducing a resolution recognizing January as Muslim-American Heritage Month and celebrating the achievements of Muslims living in the United States. The resolution highlights the incredible contributions Muslim Americans have made across multiple sectors of society—from medical professionals to entrepreneurs, to faith leaders, athletes, and public servants—to help build a better nation. 
    The resolution further notes the religious discrimination experienced by Muslim Americans and stresses the “need for public education, awareness, and policies that are culturally competent when describing, discussing, or addressing the impacts of being Muslim American in all aspects of the society of the United States.”
    “Muslim Americans have contributed to every facet of American life, and I am proud to introduce this resolution designating January as Muslim-American heritage month, said Senator Booker. “Currently, over 3 million Muslims are living in the United States, and this resolution pays tribute to their incredible impact and celebrates their rich heritage. In addition, I am committed this month, and every month, to working together to combat the continued prejudice and discrimination the Muslim community faces.”
    “Islamophobia thrives in ignorance,” said Congressman Carson. “The American people are too often exposed to anti-Muslim rhetoric instead of the truth: that Muslim Americans are valued members of our community. By sharing stories of Muslim heroes, we can help debunk stereotypes and encourage individuals of all faiths to discover the many values we have in common.”
    “Our country is made stronger by the contributions and achievements of Muslim Americans,” said Senator Durbin. “But we cannot forget that the Muslim American community continues to face discrimination and threats because of their identity.  I hope this resolution serves as both a tribute to the community and a recommitment to standing with them in efforts to build a more welcoming and equitable nation.”  
    “I join in celebrating Muslim American Heritage Month as we take January to uplift Muslim American communities across our nation,” said Senator Kim. “Diverse voices, heritages, and stories make us who we are, forever contributing to our national tapestry and writing our American story. I hope we come together to reflect on our country’s foundational value: freedom of religion – while accepting all faiths by uplifting communities like the Ummah, our diversity remains one of our nation’s greatest strengths.”
    “Virginia is home to so many Muslim Americans, and they continue to enrich our communities,” said Senator Kaine. “I’m glad to join my colleagues in introducing this resolution to acknowledge Muslim Americans’ contributions and achievements by recognizing January as Muslim American Heritage Month.”
    “Muslim-Americans make invaluable contributions to the success of California, which is proudly home to one of the largest Muslim populations in the country,” said Senator Padilla. “I’m glad to join Senator Booker in introducing this resolution to promote greater awareness and appreciation of Muslim-American Heritage Month, as we work toward dismantling prejudice and fostering a more inclusive society for all.”
    The resolution is cosponsored by U.S. Senators Richard Blumenthal (D-CT), Dick Durbin (D-IL), Tim Kaine (D-VA), Andy Kim (D-NJ), Amy Klobuchar (D-MN), Chris Murphy (D-CT), Patty Murray (D-WA), Alex Padilla (D-CA), Chris Van Hollen (D-MD), and Peter Welch (D-VT).
    The full text of the resolution can be found here.

    MIL OSI USA News –

  • MIL-OSI USA: 01.24.2025 Sen. Cruz Files Amicus Brief in State Sovereignty Energy Case

    US Senate News:

    Source: United States Senator for Texas Ted Cruz
    WASHINGTON, D.C. – U.S. Sen. Ted Cruz (R-Texas) filed an amicus brief supporting the State of Texas in the upcoming U.S. Supreme Court cases of NRC v. Texas and ISP v. Texas. The cases before the Court involve the Nuclear Regulatory Commission’s (NRC) authority to license a consolidated interim storage facility for spent nuclear fuel in Andrews County, Texas, a decision challenged by the state of Texas and Governor Abbott. The nuclear fuel facility will be located directly on top of the Permian Basin, which stretches across Southwest Texas and Southeast New Mexico.
    Upon filing the amicus brief, Sen. Cruz said, “The Permian Basin is our nation’s leading oil and gas-producing region and a critical pillar of America’s energy security.
    “I support Attorney General Ken Paxton in opposing the NRC’s federal overreach and will keep fighting to ensure West Texas remains the energy powerhouse it is today.”
    Sen. Cruz was joined by Sen. John Cornyn, Reps. Jody Arrington (R-Texas-19), Henry Cuellar (D-Texas-28), August Pfluger (R-Texas-11), and Ronny Jackson (R-Texas-13) in filing the amicus brief.
    Read the amicus brief for NRC vs. Texas and ISP v. Texas here.
    BACKGROUND
    The NRC issued a license to ISP to construct and operate an interim storage facility designed to hold up to 5,000 metric tons of spent nuclear fuel and high-level radioactive waste. The facility would temporarily store the waste from various nuclear reactors across the United States. Texas argues that the NRC’s actions exceed its statutory authority under federal law, specifically the Nuclear Waste Policy Act (NWPA) of 1982, which governs the disposal of spent nuclear fuel and prioritizes permanent geologic repositories over temporary facilities.
    The Court’s review of the case will address fundamental questions about the scope of the NRC’s authority and the balance of power between state and federal governments. This decision will have far-reaching implications in balancing power between states and federal agencies in regulating hazardous materials.

    MIL OSI USA News –

  • MIL-OSI USA: Kaine Announces Subcommittee Assignments for 119th Congress

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine
    WASHINGTON, D.C. – Today, U.S. Senator Tim Kaine (D-VA) announced his subcommittee assignments for the 119th Congress. He will serve as Ranking Member of the Senate Armed Services (SASC) Subcommittee on Seapower, which oversees Navy and Marine Corps planning, operations policy, and programs. He will also serve as Ranking Member of the Senate Foreign Relations (SFRC) Subcommittee on the Western Hemisphere, Transnational Crime, Civilian Security, Democracy, Human Rights and Global Women’s Issues. Kaine previously served as Chair of both subcommittees in the 118th Congress.
    “I’m excited to serve as Ranking Member of the SASC Subcommittee on Seapower and SFRC Subcommittee on the Western Hemisphere. The United States is facing a growing number of global challenges, and both of these subcommittees are critical to ensuring we can tackle them head-on. China is far outpacing U.S. shipbuilding production, and one of my top priorities this year as Seapower Ranking Member is to make reforms to address construction and maintenance delays and get our naval programs back on track. As Ranking Member of the Western Hemisphere Subcommittee, I’m also excited to work with Secretary of State Marco Rubio, including on priorities like how to address migration, counter narcotics smuggling, and advance democratic institutions and the rule of law across the hemisphere. I look forward to working with my colleagues on both subcommittees.”
    In addition to the Subcommittees on Seapower and Western Hemisphere, Kaine will serve as a member of:
    Subcommittee on Readiness Management Support (SASC)
    Subcommittee on Emerging Threats and Capabilities (SASC)
    Subcommittee on Near East, South Asia, Central Asia and Counterterrorism (SFRC)
    Subcommittee on the State Department and USAID Management, International Operations and Bilateral International Development (SFRC)

    MIL OSI USA News –

  • MIL-OSI USA: Kaine Statement on Passing of Close Friend & Mentor Henry Marsh

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine

    WASHINGTON, D.C. – Today, U.S. Senator Tim Kaine (D-VA) released the following statement regarding the passing of his friend and mentor Henry Marsh:

    “My heart is heavy with grief and full of gratitude that I had the chance to know Henry Marsh—a truly exceptional person. A born-and-raised Richmonder who become active in the civil rights movement before he even graduated from Maggie L. Walker High School, Henry never waited even for a moment to do all he could to serve and improve his community. After he graduated from Virginia Union University, earned a law degree from Howard University, and answered the call to serve in the United States Army, he returned home to work as a civil rights lawyer—tackling crucial cases relating to desegregation and equality in employment. He then made history as Richmond’s first African American mayor. As a former mayor myself, I know how tough that job is and have the deepest appreciation and admiration for how well he did it. And he didn’t stop there—he went on to serve in the Virginia Senate and later as a commissioner of the Virginia Department of Alcoholic Beverage Control Board. Any single one of Henry’s accomplishments would be enough cause to be proud, but he never stopped looking for new opportunities to serve. I’m honored to have called him a friend and mentor and would never have been elected to any office if it weren’t for him. I will be praying for his family and all who knew and loved him.”

    MIL OSI USA News –

  • MIL-OSI USA: Kaine Statement on Passing of Close Friend & Mentor Henry Marsh

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine

    WASHINGTON, D.C. – Today, U.S. Senator Tim Kaine (D-VA) released the following statement regarding the passing of his friend and mentor Henry Marsh:

    “My heart is heavy with grief and full of gratitude that I had the chance to know Henry Marsh—a truly exceptional person. A born-and-raised Richmonder who become active in the civil rights movement before he even graduated from Maggie L. Walker High School, Henry never waited even for a moment to do all he could to serve and improve his community. After he graduated from Virginia Union University, earned a law degree from Howard University, and answered the call to serve in the United States Army, he returned home to work as a civil rights lawyer—tackling crucial cases relating to desegregation and equality in employment. He then made history as Richmond’s first African American mayor. As a former mayor myself, I know how tough that job is and have the deepest appreciation and admiration for how well he did it. And he didn’t stop there—he went on to serve in the Virginia Senate and later as a commissioner of the Virginia Department of Alcoholic Beverage Control Board. Any single one of Henry’s accomplishments would be enough cause to be proud, but he never stopped looking for new opportunities to serve. I’m honored to have called him a friend and mentor and would never have been elected to any office if it weren’t for him. I will be praying for his family and all who knew and loved him.”

    MIL OSI USA News –

  • MIL-OSI USA: Fischer Announces Appointment to Key Senate Armed Services Subcommittees

    US Senate News:

    Source: United States Senator for Nebraska Deb Fischer
    Today, U.S. Senator Deb Fischer (R-Neb.) announced her appointment to key subcommittees for the 119th Congress as a senior member of the Senate Armed Services Committee:
    Chair, Subcommittee on Strategic Forces
    Member, Subcommittee on Readiness and Management Support
    Member, Subcommittee on Airland
    “Serving on the Strategic Forces Subcommittee for the past 12 years has been one of my most solemn and critical responsibilities as a Senator. I look forward to taking the mantle again this year as Chair, where I will work with Senator King and our subcommittee members to ensure that the United States maintains a safe, effective, and credible nuclear deterrent.
    I will also continue my work on the important Readiness and Airland Subcommittees, and remain committed to ensuring that our military is fully equipped to face current and future threats,” said Senator Fischer.
    The Subcommittee on Strategic Forces has jurisdiction over two combatant commands: U.S. Strategic Command (STRATCOM), which is based at Offutt Air Force Base in Sarpy County, Nebraska, and U.S. Space Command.

    MIL OSI USA News –

  • MIL-OSI USA: CNBC: Democratic lawmakers ask regulators to look into Donald and Melania Trump meme coins

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    January 23, 2025

    Two senior congressional Democrats have asked multiple regulators to look into the propriety of meme coins issued by President Donald Trump and first lady Melania Trump.

    Sen. Elizabeth Warren and Rep. Jake Auchincloss, both of Massachusetts, raised issues regarding the first couple using their respective offices for enrichment, along with the potential for “rug-pull” scams similar to what has happened with the other such tokens, as well as possible conflicts of interest.

    “We write with deep concern about the decision by President Trump and First Lady Melania Trump to launch two meme coins, $TRUMP and $MELANIA, that allow them to earn extraordinary profits off his Presidency,” the pair said in a letter obtained by CNBC.com.

    “These coins do not create new faster, cheaper, and safer payments rails. These coins do not help people borrow more affordably. They do not improve the financial system in any way for consumers,” they added.

    The digital tokens have already generated billions of dollars on paper for the Trump family.

    …

    Read the full article here.

    By:  Jeff Cox, Mackenzie Sigalos
    Source: CNBC

    Previous Article

    MIL OSI USA News –

  • MIL-OSI USA: CBS News: Big banks hiked interest rates on borrowers but not for savers, senators say

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    January 23, 2025

    As interest rates climbed, major banks charged borrowers more for mortgages and auto loans, yet never increased payouts to savers, despite telling lawmakers they would do so, say two U.S. senators in letters to seven CEOs, shared exclusively with CBS News.

    In March 2022, the Federal Reserve started raising the federal funds rate, with banks following suit by hiking rates for mortgages, auto loans and credit cards. But those increases were not matched with high interest rate payouts on savings accounts at banks including Bank of America, Citibank, JPMorgan Chase, PNC Bank, Truist, U.S. Bank and Wells Fargo, according to the lawmakers.

    “This tactic — charging borrowers more, paying savers a little, and pocketing interest paid by the Federal Reserve — has enabled U.S. banks to rake in record profits of $1 trillion and JPMorgan alone to make record profits of $49.6 billion in 2023,” according to Sens. Elizabeth Warren (D-Massachusetts) and Jack Reed (D-Rhode Island), the authors of the letters. Meanwhile, “savers have struggled to keep up with inflation,” they added.

    JPMorgan CEO Jamie Dimon and his counterparts at half a dozen other financial institutions testified before the Senate Banking Committee in September of 2022 that their respective banks expected to increase rates for savers, albeit at a slower pace. While interest rates on the accounts JPMorgan keeps at the Fed rose from 3.15% to 4.65%, JPMorgan’s customers continue to earn .01% on their savings, the lawmakers stated. 

    …

    Read the full article here.

    By:  Kate Gibson
    Source: CBS News

    MIL OSI USA News –

  • MIL-OSI USA: TIME: Warren’s Plan for Musk to Cut U.S. Spending

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    January 23, 2025
    If Elon Musk is serious about cutting government waste, fraud, and abuse, he may find help in an unusual place: Elizabeth Warren.
    While many Democrats in Congress want nothing to do with the billionaire who spent a fortune to help elect Donald Trump, the Massachusetts Senator says she wants to find common ground with Musk in his new role leading the White House’s Department of Government Efficiency (DOGE). In a letter she sent him Thursday morning, Warren proposed 30 recommendations for eliminating $2 trillion in federal spending over the next decade, according to a copy of the letter obtained by TIME. The list includes several of the progressive icon’s long-held policy fixations: renegotiating Department of Defense (DOD) contracts that independent analysts have found waste billions each year; reforming the Medicare Advantage insurance program and allowing Medicare to negotiate lower costs of prescription drugs; and closing tax loopholes for corporations and the wealthiest earners.
    It’s not clear how Musk will respond—but he’s in need of suggestions. Earlier this month, he walked back his pledge of finding $2 trillion in federal savings. That may be due to political constraints. Because Trump vowed on the campaign trail not to touch Medicare and Social Security, and Republicans refuse to cut military spending, DOGE will have to find less conventional ideas to fulfill Musk’s budget-slashing fantasy. 
    For years, Democrats and Republicans alike have wanted to curb wasteful government spending. While much of Washington recoils at Trump’s disruptive, norm-shattering second-term agenda, some see an opportunity for strange bedfellows to emerge. “In the interest of taking aggressive, bipartisan action to ensure sustainable spending, protect taxpayer dollars, curb abusive practices by giant corporations, and improve middle-class Americans’ quality of life,” Warren writes to Musk, “I would be happy to work with you on these matters.”
    …
    Read the full article here.
    By:  Eric CortellessaSource: TIME

    MIL OSI USA News –

  • MIL-OSI United Nations: Statement by the Secretary-General – on detention of United Nations personnel in Yemen [scroll down for Arabic version]

    Source: United Nations

    I strongly condemn the arbitrary detention by the Houthi de facto authorities on 23 January of seven additional United Nations personnel in areas under their control.

    I demand the immediate and unconditional release of those detained on Thursday, as well as the personnel from the United Nations, international and national non-governmental organizations, civil society and diplomatic missions arbitrarily detained since June 2024 and those held since 2021 and 2023. Their continued arbitrary detention is unacceptable.

    The personnel of the UN and its partners must not be targeted, arrested or detained while carrying out their duties for the UN for the benefit of the people they serve. The safety and security of UN personnel and property must be guaranteed.

    The continued targeting of UN personnel and its partners negatively impacts our ability to assist millions of people in need in Yemen. The Houthis must deliver on their previous commitments and act in the best interests of the Yemeni people and the overall efforts to achieve peace in Yemen.

    The United Nations will continue to work through all possible channels to secure the safe and immediate release of those arbitrarily detained. I welcome the collective support of international partners, NGOs and all those working to support the people of Yemen in these efforts.

    *****

     بيان صادر عن الأمين العام – حول احتجاز موظفي الأمم المتحدة في اليمن

    إنني أُدين بشدة الاحتجاز التعسفي الذي قامت به سلطات الأمر الواقع الحوثية في 23 كانون الثاني/يناير لسبعة موظفين إضافيين من الأمم المتحدةفي المناطق الخاضعة لسيطرتها.

    أُطالب بالإفراج الفوري وغير المشروط عن الذين تم احتجازهم يوم الخميس، وكذلك عن موظفي الأمم المتحدة والمنظمات غير الحكومية الدوليةوالوطنية والمجتمع المدني والبعثات الدبلوماسية المحتجزين تعسفيًا منذ حزيران/يونيو 2024، بالإضافة إلى موظفي الأمم المتحدة المحتجزين منذعامي 2021 و2023. إن استمرار احتجازهم التعسفي أمر غير مقبول. 

    لا ينبغي استهداف موظفي الأمم المتحدة وشركائها أو اعتقالهم أو احتجازهم أثناء قيامهم بواجباتهم التابعة للأمم المتحدة لصالح الناس الذين يستفيدونمن خدماتهم. يلزم ضمان سلامة وأمن موظفي الأمم المتحدة وممتلكاتها.

    يؤثر الاستهداف المستمر لموظفي الأمم المتحدة وشركائها سلبا على قدرتنا على مساعدة ملايين الأشخاص المحتاجين في اليمن. أدعو الحوثيين إلىوقف عرقلة الجهود الإنسانية التي تبذلها الأمم المتحدة وشركاؤها لمساعدة الملايين من ذوي الاحتياج في اليمن. يجب على الحوثيين الوفاءبالتزاماتهم السابقة والتصرف بما يحقق مصلحة الناس في اليمن ومجمل الجهود المبذولة لتحقيق السلام في اليمن.

    ستواصل الأمم المتحدة العمل عبر جميع القنوات الممكنة لكفالة الإفراج الآمن والفوري عن المحتجزين تعسفا. اُقدّر الدعم الجماعي من الشركاءالدوليين والمنظمات غير الحكومية وجميع من يعملون من أجل دعم الناس في اليمن في هذه الجهود.

    نيويورك، 24 كانون الثاني/يناير 2025

    MIL OSI United Nations News –

  • MIL-OSI Canada: Alberta holds Ottawa accountable for its responsibilities: Ministers McIver and Nixon

    Source: Government of Canada regional news (2)

    MIL OSI Canada News –

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Urges Stockholders of NARI, DFS, LBRDA, CCRN to Act Now

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) —

    Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • Inari Medical, Inc. (Nasdaq: NARI), relating to the proposed merger with Stryker. Under the terms of the agreement, Stryker will acquire all of the issued and outstanding shares of common stock of Inari Medical for $80 per share in cash.

    ACT NOW. The Tender Offer expires on February 18, 2025.

    Click here for more https://monteverdelaw.com/case/inari-medical-inc-nari/. It is free and there is no cost or obligation to you.

    • Discover Financial Services (NYSE: DFS), relating to its proposed merger with Capital One Financial Corp. Under the terms of the agreement, DFS shareholders are expected to receive 1.0192 shares of Capital One per share they own.

    ACT NOW. The Shareholder Vote is scheduled for February 18, 2025.

    Click here for more information: https://www.monteverdelaw.com/case/discover-financial-services. It is free and there is no cost or obligation to you.

    • Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK, LBRDP), relating to the proposed merger with Charter Communications, Inc. Under the terms of the agreement, Liberty Broadband common stockholders will receive 0.236 of a share of Charter common stock per share of Liberty Broadband common stock they own.

    ACT NOW. The Shareholder Vote is scheduled for February 26, 2025.

    Click here for more information https://monteverdelaw.com/case/liberty-broadband-corporation-lbrda-lbrdk-lbrdp/. It is free and there is no cost or obligation to you.

    • Cross Country Healthcare, Inc. (NASDAQ: CCRN), relating to the proposed merger with Aya Healthcare. Under the terms of the agreement, shares of Cross Country will be converted into the right to receive $18.61 in cash.

    ACT NOW. The Shareholder Vote is scheduled for February 28, 2025.

    Click here for more https://monteverdelaw.com/case/cross-country-healthcare-inc-ccrn/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (http://www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Urges Stockholders of NARI, DFS, LBRDA, CCRN to Act Now

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) —

    Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • Inari Medical, Inc. (Nasdaq: NARI), relating to the proposed merger with Stryker. Under the terms of the agreement, Stryker will acquire all of the issued and outstanding shares of common stock of Inari Medical for $80 per share in cash.

    ACT NOW. The Tender Offer expires on February 18, 2025.

    Click here for more https://monteverdelaw.com/case/inari-medical-inc-nari/. It is free and there is no cost or obligation to you.

    • Discover Financial Services (NYSE: DFS), relating to its proposed merger with Capital One Financial Corp. Under the terms of the agreement, DFS shareholders are expected to receive 1.0192 shares of Capital One per share they own.

    ACT NOW. The Shareholder Vote is scheduled for February 18, 2025.

    Click here for more information: https://www.monteverdelaw.com/case/discover-financial-services. It is free and there is no cost or obligation to you.

    • Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK, LBRDP), relating to the proposed merger with Charter Communications, Inc. Under the terms of the agreement, Liberty Broadband common stockholders will receive 0.236 of a share of Charter common stock per share of Liberty Broadband common stock they own.

    ACT NOW. The Shareholder Vote is scheduled for February 26, 2025.

    Click here for more information https://monteverdelaw.com/case/liberty-broadband-corporation-lbrda-lbrdk-lbrdp/. It is free and there is no cost or obligation to you.

    • Cross Country Healthcare, Inc. (NASDAQ: CCRN), relating to the proposed merger with Aya Healthcare. Under the terms of the agreement, shares of Cross Country will be converted into the right to receive $18.61 in cash.

    ACT NOW. The Shareholder Vote is scheduled for February 28, 2025.

    Click here for more https://monteverdelaw.com/case/cross-country-healthcare-inc-ccrn/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (http://www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Urges Shareholders of SASR, ROIC, ATSG, CTV to Act Now

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • Sandy Spring Bancorp, Inc. (NASDAQ: SASR), relating to a proposed merger with Atlantic Union Bankshares Corp. Under the terms of the agreement, all Sandy Spring shares will automatically be converted into the right to receive 0.900 Atlantic Union shares, and cash in lieu of fractional shares.

    ACT NOW. The Shareholder Vote is scheduled for February 5, 2025.

    Click here for more information https://monteverdelaw.com/case/sandy-spring-bancorp-inc/. It is free and there is no cost or obligation to you.

    • Retail Opportunity Investments Corp. (Nasdaq: ROIC), relating to its proposed merger with Blackstone. Under the terms of the agreement, Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction.

    ACT NOW. The Shareholder Vote is scheduled for February 7, 2025.

    Click here for more information https://monteverdelaw.com/case/retail-opportunity-investments-roic/. It is free and there is no cost or obligation to you.

    • Air Transport Services Group, Inc. (Nasdaq: ATSG), relating to a proposed merger with Stonepeak Nile Parent LLC. Under the terms of the agreement, Air Transport Services Group shareholders will receive $22.50 per share of Air Transport Services Group Common Stock they own.

    ACT NOW. The Shareholder Vote is scheduled for February 10, 2025.

    Click here for more information https://monteverdelaw.com/case/air-transport-services-group-inc-atsg/. It is free and there is no cost or obligation to you.

    • Innovid Corp. (NYSE: CTV), relating to the proposed merger with Mediaocean LLC. Under the terms of the agreement, Mediaocean will acquire Innovid at a price of $3.15 per share of common stock.

    ACT NOW. The Shareholder Vote is scheduled for February 11, 2025.

    Click here for more https://monteverdelaw.com/case/innovid-corp-ctv/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (http://www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Urges Shareholders of SASR, ROIC, ATSG, CTV to Act Now

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • Sandy Spring Bancorp, Inc. (NASDAQ: SASR), relating to a proposed merger with Atlantic Union Bankshares Corp. Under the terms of the agreement, all Sandy Spring shares will automatically be converted into the right to receive 0.900 Atlantic Union shares, and cash in lieu of fractional shares.

    ACT NOW. The Shareholder Vote is scheduled for February 5, 2025.

    Click here for more information https://monteverdelaw.com/case/sandy-spring-bancorp-inc/. It is free and there is no cost or obligation to you.

    • Retail Opportunity Investments Corp. (Nasdaq: ROIC), relating to its proposed merger with Blackstone. Under the terms of the agreement, Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction.

    ACT NOW. The Shareholder Vote is scheduled for February 7, 2025.

    Click here for more information https://monteverdelaw.com/case/retail-opportunity-investments-roic/. It is free and there is no cost or obligation to you.

    • Air Transport Services Group, Inc. (Nasdaq: ATSG), relating to a proposed merger with Stonepeak Nile Parent LLC. Under the terms of the agreement, Air Transport Services Group shareholders will receive $22.50 per share of Air Transport Services Group Common Stock they own.

    ACT NOW. The Shareholder Vote is scheduled for February 10, 2025.

    Click here for more information https://monteverdelaw.com/case/air-transport-services-group-inc-atsg/. It is free and there is no cost or obligation to you.

    • Innovid Corp. (NYSE: CTV), relating to the proposed merger with Mediaocean LLC. Under the terms of the agreement, Mediaocean will acquire Innovid at a price of $3.15 per share of common stock.

    ACT NOW. The Shareholder Vote is scheduled for February 11, 2025.

    Click here for more https://monteverdelaw.com/case/innovid-corp-ctv/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (http://www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Continues To Investigate The Merger – CYTH, ALVR, WMPN, OMC

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • Cyclo Therapeutics, Inc. (Nasdaq: CYTH), relating to its proposed merger with Rafael Holdings, Inc. Under the terms of the agreement, Cyclo common stock will automatically be converted into the right to receive shares of Rafael common stock.

    Click here for more information https://monteverdelaw.com/case/cyclo-therapeutics-inc/. It is free and there is no cost or obligation to you.

    • AlloVir, Inc. (NASDAQ: ALVR), relating to its proposed merger with Kalaris Therapeutics. Under the terms of the agreement, AlloVir will acquire 100% of the outstanding equity interest of Kalaris. Upon completion of the Merger, pre-Merger AlloVir stockholders are expected to own approximately 25.05% of the combined company and pre-Merger Kalaris stockholders are expected to own approximately 74.95% of the combined company.

    Click here for more information https://monteverdelaw.com/case/allovir-inc-alvr/. It is free and there is no cost or obligation to you.

    • William Penn Bancorporation (Nasdaq: WMPN), relating to its proposed merger with Mid Penn Bancorp, Inc. Under the terms of the agreement, shareholders of William Penn will receive 0.4260 shares of Mid Penn common stock for each share of William Penn common stock. Additionally, all options of William Penn will be rolled into Mid Penn equivalent options. The implied transaction value is approximately $13.58 per William Penn share.

    Click here for more information https://monteverdelaw.com/case/william-penn-bancorporation-wmpn/. It is free and there is no cost or obligation to you.

    • Omnicom Group Inc. (NYSE: OMC), relating to the proposed merger with The Interpublic Group of Companies, Inc. Under the terms of the agreement, Omnicom shareholders will own 60.6% of the combined company.

    Click here for more https://monteverdelaw.com/case/omnicom-group-inc-omc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (http://www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Continues To Investigate The Merger – CYTH, ALVR, WMPN, OMC

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • Cyclo Therapeutics, Inc. (Nasdaq: CYTH), relating to its proposed merger with Rafael Holdings, Inc. Under the terms of the agreement, Cyclo common stock will automatically be converted into the right to receive shares of Rafael common stock.

    Click here for more information https://monteverdelaw.com/case/cyclo-therapeutics-inc/. It is free and there is no cost or obligation to you.

    • AlloVir, Inc. (NASDAQ: ALVR), relating to its proposed merger with Kalaris Therapeutics. Under the terms of the agreement, AlloVir will acquire 100% of the outstanding equity interest of Kalaris. Upon completion of the Merger, pre-Merger AlloVir stockholders are expected to own approximately 25.05% of the combined company and pre-Merger Kalaris stockholders are expected to own approximately 74.95% of the combined company.

    Click here for more information https://monteverdelaw.com/case/allovir-inc-alvr/. It is free and there is no cost or obligation to you.

    • William Penn Bancorporation (Nasdaq: WMPN), relating to its proposed merger with Mid Penn Bancorp, Inc. Under the terms of the agreement, shareholders of William Penn will receive 0.4260 shares of Mid Penn common stock for each share of William Penn common stock. Additionally, all options of William Penn will be rolled into Mid Penn equivalent options. The implied transaction value is approximately $13.58 per William Penn share.

    Click here for more information https://monteverdelaw.com/case/william-penn-bancorporation-wmpn/. It is free and there is no cost or obligation to you.

    • Omnicom Group Inc. (NYSE: OMC), relating to the proposed merger with The Interpublic Group of Companies, Inc. Under the terms of the agreement, Omnicom shareholders will own 60.6% of the combined company.

    Click here for more https://monteverdelaw.com/case/omnicom-group-inc-omc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (http://www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Is Investigating the Merger – RSLS, TURN, RDW, NEUE

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • ReShape Lifesciences Inc. (Nasdaq: RSLS), relating to the proposed merger with Vyome Therapeutics, Inc. Under the terms of the agreement, ReShape and Vyome will combine in an all-stock transaction, with ReShape stockholders owning approximately 11.1% of the combined company.

    Click here for more https://monteverdelaw.com/case/reshape-lifesciences-inc-rsls/. It is free and there is no cost or obligation to you.

    • 180 Degree Capital Corp. (Nasdaq: TURN), relating to the proposed merger with Mount Logan Capital Inc. Under the terms of the agreement, the estimated post-merger shareholder ownership would be approximately 40% for current 180 Degree Capital shareholders.

    Click here for more https://monteverdelaw.com/case/180-degree-capital-corp-turn/. It is free and there is no cost or obligation to you.

    • Redwire Corporation (NYSE: RDW), relating to the proposed merger with Edge Autonomy Ultimate Holdings, LP. Under the terms of the agreement, Redwire will acquire Edge Autonomy using $150M in cash and $775M in shares of Redwire common stock.

    Click here for more https://monteverdelaw.com/case/redwire-corporation-rdw/. It is free and there is no cost or obligation to you.

    • NeueHealth, Inc. (NYSE: NEUE), relating to the proposed merger with New Enterprise Associates. Under the terms of the agreement, holders of NeueHealth common stock will receive $7.33 per share in cash.

    Click here for more https://monteverdelaw.com/case/neuehealth-inc-neue/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (http://www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Is Investigating the Merger – RSLS, TURN, RDW, NEUE

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • ReShape Lifesciences Inc. (Nasdaq: RSLS), relating to the proposed merger with Vyome Therapeutics, Inc. Under the terms of the agreement, ReShape and Vyome will combine in an all-stock transaction, with ReShape stockholders owning approximately 11.1% of the combined company.

    Click here for more https://monteverdelaw.com/case/reshape-lifesciences-inc-rsls/. It is free and there is no cost or obligation to you.

    • 180 Degree Capital Corp. (Nasdaq: TURN), relating to the proposed merger with Mount Logan Capital Inc. Under the terms of the agreement, the estimated post-merger shareholder ownership would be approximately 40% for current 180 Degree Capital shareholders.

    Click here for more https://monteverdelaw.com/case/180-degree-capital-corp-turn/. It is free and there is no cost or obligation to you.

    • Redwire Corporation (NYSE: RDW), relating to the proposed merger with Edge Autonomy Ultimate Holdings, LP. Under the terms of the agreement, Redwire will acquire Edge Autonomy using $150M in cash and $775M in shares of Redwire common stock.

    Click here for more https://monteverdelaw.com/case/redwire-corporation-rdw/. It is free and there is no cost or obligation to you.

    • NeueHealth, Inc. (NYSE: NEUE), relating to the proposed merger with New Enterprise Associates. Under the terms of the agreement, holders of NeueHealth common stock will receive $7.33 per share in cash.

    Click here for more https://monteverdelaw.com/case/neuehealth-inc-neue/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (http://www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

  • MIL-OSI Africa: Statement by the Secretary-General – on detention of United Nations personnel in Yemen [scroll down for Arabic version]

    Source: United Nations – English

    strongly condemn the arbitrary detention by the Houthi de facto authorities on 23 January of seven additional United Nations personnel in areas under their control.

    I demand the immediate and unconditional release of those detained on Thursday, as well as the personnel from the United Nations, international and national non-governmental organizations, civil society and diplomatic missions arbitrarily detained since June 2024 and those held since 2021 and 2023. Their continued arbitrary detention is unacceptable.

    The personnel of the UN and its partners must not be targeted, arrested or detained while carrying out their duties for the UN for the benefit of the people they serve. The safety and security of UN personnel and property must be guaranteed.

    The continued targeting of UN personnel and its partners negatively impacts our ability to assist millions of people in need in Yemen. The Houthis must deliver on their previous commitments and act in the best interests of the Yemeni people and the overall efforts to achieve peace in Yemen.

    The United Nations will continue to work through all possible channels to secure the safe and immediate release of those arbitrarily detained. I welcome the collective support of international partners, NGOs and all those working to support the people of Yemen in these efforts.

    *****

     بيان صادر عن الأمين العام – حول احتجاز موظفي الأمم المتحدة في اليمن

    إنني أُدين بشدة الاحتجاز التعسفي الذي قامت به سلطات الأمر الواقع الحوثية في 23 كانون الثاني/يناير لسبعة موظفين إضافيين من الأمم المتحدةفي المناطق الخاضعة لسيطرتها.

    أُطالب بالإفراج الفوري وغير المشروط عن الذين تم احتجازهم يوم الخميس، وكذلك عن موظفي الأمم المتحدة والمنظمات غير الحكومية الدوليةوالوطنية والمجتمع المدني والبعثات الدبلوماسية المحتجزين تعسفيًا منذ حزيران/يونيو 2024، بالإضافة إلى موظفي الأمم المتحدة المحتجزين منذعامي 2021 و2023. إن استمرار احتجازهم التعسفي أمر غير مقبول. 

    لا ينبغي استهداف موظفي الأمم المتحدة وشركائها أو اعتقالهم أو احتجازهم أثناء قيامهم بواجباتهم التابعة للأمم المتحدة لصالح الناس الذين يستفيدونمن خدماتهم. يلزم ضمان سلامة وأمن موظفي الأمم المتحدة وممتلكاتها.

    يؤثر الاستهداف المستمر لموظفي الأمم المتحدة وشركائها سلبا على قدرتنا على مساعدة ملايين الأشخاص المحتاجين في اليمن. أدعو الحوثيين إلىوقف عرقلة الجهود الإنسانية التي تبذلها الأمم المتحدة وشركاؤها لمساعدة الملايين من ذوي الاحتياج في اليمن. يجب على الحوثيين الوفاءبالتزاماتهم السابقة والتصرف بما يحقق مصلحة الناس في اليمن ومجمل الجهود المبذولة لتحقيق السلام في اليمن.

    ستواصل الأمم المتحدة العمل عبر جميع القنوات الممكنة لكفالة الإفراج الآمن والفوري عن المحتجزين تعسفا. اُقدّر الدعم الجماعي من الشركاءالدوليين والمنظمات غير الحكومية وجميع من يعملون من أجل دعم الناس في اليمن في هذه الجهود.

    نيويورك، 24 كانون الثاني/يناير 2025

    MIL OSI Africa –