Category: KB

  • MIL-OSI Security: Rays of Hope: The Achievements of Targeted Action

    Source: International Atomic Energy Agency – IAEA

    Cancer can affect anyone. Whether you survive for not, often depends on your access to treatment. And this varies, depending on where you live in the world. Through its Rays of Hope initiative, the IAEA is giving more cancer patients access to life-saving care in low- and middle-income countries where the need is greatest. Three years since its launch, Rays of Hope is providing tangible support to people in all regions of the world.

    MIL Security OSI

  • MIL-OSI Security: Rays of Hope: The Achievements of Targeted Action

    Source: International Atomic Energy Agency – IAEA

    Cancer can affect anyone. Whether you survive for not, often depends on your access to treatment. And this varies, depending on where you live in the world. Through its Rays of Hope initiative, the IAEA is giving more cancer patients access to life-saving care in low- and middle-income countries where the need is greatest. Three years since its launch, Rays of Hope is providing tangible support to people in all regions of the world.

    MIL Security OSI

  • MIL-OSI: Change of address

    Source: GlobeNewswire (MIL-OSI)

    30 June 2025

    Corporate Announcement No. 56 /2025

    To Nasdaq Copenhagen

    Change of address

    As of 7 July 2025, the company Jyske Realkredit A/S will change address to

    Kalvebod Brygge 3

    DK- 1560 Copenhagen V

    Contact

    Questions may be addressed to Director, Head of Rating and IR Christian Bech-Ravn, tel +45 89 89 92 25.

    The MIL Network

  • MIL-OSI: Change of address

    Source: GlobeNewswire (MIL-OSI)

    30 June 2025

    Corporate Announcement No. 56 /2025

    To Nasdaq Copenhagen

    Change of address

    As of 7 July 2025, the company Jyske Realkredit A/S will change address to

    Kalvebod Brygge 3

    DK- 1560 Copenhagen V

    Contact

    Questions may be addressed to Director, Head of Rating and IR Christian Bech-Ravn, tel +45 89 89 92 25.

    The MIL Network

  • MIL-OSI: Change of address

    Source: GlobeNewswire (MIL-OSI)

    30 June 2025

    Corporate Announcement No. 56 /2025

    To Nasdaq Copenhagen

    Change of address

    As of 7 July 2025, the company Jyske Realkredit A/S will change address to

    Kalvebod Brygge 3

    DK- 1560 Copenhagen V

    Contact

    Questions may be addressed to Director, Head of Rating and IR Christian Bech-Ravn, tel +45 89 89 92 25.

    The MIL Network

  • MIL-OSI: YXT.com Announces Changes in Board of Directors and Management

    Source: GlobeNewswire (MIL-OSI)

    SUZHOU, China, June 30, 2025 (GLOBE NEWSWIRE) — YXT.com Group Holding Limited (NASDAQ: YXT) (“YXT.com” or the “Company”), a provider of AI-enabled enterprise productivity solutions, today announced that Mr. Pun Leung Liu has notified the board of directors of the Company (the “Board”) of his decision to resign from his position as a Director and Chief Financial Officer (“CFO”) of the Company, effective June 30, 2025, due to personal reasons.

    Mr. Liu’s resignation did not result from any disagreement or dispute with the Company, the Board, or the Company’s management regarding any matter relating to the Company’s operations, policies, or practices.

    Following Mr. Liu’s resignation, the Board has appointed Mr. Yazhou Wu, the Company’s Chief Operating Officer and Chief Technology Officer, as the new Director. The Board has also appointed Mr. Shen Cao, the current Vice President of Investment Relations, as the new CFO.

    Mr. Shen Cao joined the Company in May 2025 as Vice President of Investment Relations. Prior to joining YXT.com, Mr. Cao served as the Deputy Chairman of the Board in Topsperity Securities Asset Management Co., Ltd. from June 2023 to April 2025. Mr. Cao holds a Bachelor’s and Master’s degree in Civil Engineering from Tsinghua University.

    About YXT.com
    YXT.com (NASDAQ: YXT) is a technology company focusing on enterprise productivity solutions. With a mission to “Empower people and organization development through technology,” The Company strives to become the supreme provider in building and boosting enterprise productivity by combining over a decade of experience in tech-enabled talent learning and development and with AI-augmented task copilots and unleashing the power of knowledge and synergy. Since its inception, YXT.com has supported and received recognition from numerous Global and China Fortune 500 companies.

    YXT.com operates its business in China through “Jiangsu Radnova Intelligence Technology Co., Ltd.,” formerly known as “Jiangsu Yunxuetang Network Technology Co., Ltd.”. YXT.com has established an entity in Singapore to serve as a headquarter for its overseas business to be conducted in the future, with the “Radnova” trademark to serve international markets.

    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. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. 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.

    Contact
    Robin Yang
    ICR, LLC
    YXT.IR@icrinc.com
    +1 (646) 405-4883

    The MIL Network

  • MIL-OSI: YXT.com Announces Changes in Board of Directors and Management

    Source: GlobeNewswire (MIL-OSI)

    SUZHOU, China, June 30, 2025 (GLOBE NEWSWIRE) — YXT.com Group Holding Limited (NASDAQ: YXT) (“YXT.com” or the “Company”), a provider of AI-enabled enterprise productivity solutions, today announced that Mr. Pun Leung Liu has notified the board of directors of the Company (the “Board”) of his decision to resign from his position as a Director and Chief Financial Officer (“CFO”) of the Company, effective June 30, 2025, due to personal reasons.

    Mr. Liu’s resignation did not result from any disagreement or dispute with the Company, the Board, or the Company’s management regarding any matter relating to the Company’s operations, policies, or practices.

    Following Mr. Liu’s resignation, the Board has appointed Mr. Yazhou Wu, the Company’s Chief Operating Officer and Chief Technology Officer, as the new Director. The Board has also appointed Mr. Shen Cao, the current Vice President of Investment Relations, as the new CFO.

    Mr. Shen Cao joined the Company in May 2025 as Vice President of Investment Relations. Prior to joining YXT.com, Mr. Cao served as the Deputy Chairman of the Board in Topsperity Securities Asset Management Co., Ltd. from June 2023 to April 2025. Mr. Cao holds a Bachelor’s and Master’s degree in Civil Engineering from Tsinghua University.

    About YXT.com
    YXT.com (NASDAQ: YXT) is a technology company focusing on enterprise productivity solutions. With a mission to “Empower people and organization development through technology,” The Company strives to become the supreme provider in building and boosting enterprise productivity by combining over a decade of experience in tech-enabled talent learning and development and with AI-augmented task copilots and unleashing the power of knowledge and synergy. Since its inception, YXT.com has supported and received recognition from numerous Global and China Fortune 500 companies.

    YXT.com operates its business in China through “Jiangsu Radnova Intelligence Technology Co., Ltd.,” formerly known as “Jiangsu Yunxuetang Network Technology Co., Ltd.”. YXT.com has established an entity in Singapore to serve as a headquarter for its overseas business to be conducted in the future, with the “Radnova” trademark to serve international markets.

    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. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. 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.

    Contact
    Robin Yang
    ICR, LLC
    YXT.IR@icrinc.com
    +1 (646) 405-4883

    The MIL Network

  • MIL-OSI: NextNRG Signs LOI to Acquire ReFuel Mobile, Preparing for International Expansion with Canadian Mobile Fueling Leader

    Source: GlobeNewswire (MIL-OSI)

    Acquisition adds profitable, high-growth platform serving Ontario’s commercial and industrial sectors while expanding NextNRG’s mobile fueling operations into Canada

    ReFuel Mobile ranked #36 on Globe and Mail’s fastest-growing companies with 1,166% three-year revenue growth

    MIAMI, June 30, 2025 (GLOBE NEWSWIRE) — NextNRG, Inc. (NASDAQ: NXXT), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered through its Next Utility Operating System®, smart microgrids, wireless EV charging, and mobile fuel delivery, today announced it has signed a letter of intent to acquire ReFuel Mobile (“ReFuel”) (2583231 Ontario Inc.), a leading Canadian mobile fueling company.

    This acquisition marks NextNRG’s entry into international markets through the addition of an established, profitable operation in Canada’s largest province. ReFuel, founded in 2016 and based in Ontario, Canada, specializes in direct-to-vehicle and direct-to-equipment fuel delivery, serving commercial and industrial clients across transportation, construction, logistics, telecom, municipalities, dealerships, and industrial fleet sectors.

    ReFuel has demonstrated an exceptional growth trajectory, ranking #36 on the Globe and Mail’s list of Canada’s fastest-growing companies with a remarkable 1,166% three-year revenue growth. The company is currently profitable, showcasing the strength of its monthly recurring business model and contract-based operations with minimal customer churn.

    Under the terms of the non-binding letter of intent, NextNRG will acquire 100% of ReFuel’s stock payable in cash or NextNRG restricted common stock at NextNRG’s discretion. The transaction includes retention of all current employees and management during a transitional period. Closing is expected by August 1, 2025, subject to completion of due diligence, audited financial statements, and execution of a definitive agreement.

    “This strategic acquisition marks an important milestone as we extend NextNRG’s mobile fueling leadership into international markets,” said Michael D. Farkas, Founder and CEO of NextNRG. “ReFuel’s proven track record of profitable growth, exceptional customer retention, and established market presence in Ontario positions us to capitalize on expanding opportunities across Canada. Their technology-driven approach and operational excellence align perfectly with our strategy of scaling AI-optimized energy solutions globally. The combination of this strategic addition with our accelerating organic growth gives us confidence that forward 12-month revenues of $100 million should be achievable.”

    The acquisition builds on NextNRG’s recent domestic expansion across six U.S. states with its fleet of 144 active fuel delivery trucks, and follows the company’s strategic partnership with Hudson Sustainable Group and inclusion in the Russell 2000® and Russell 3000® indexes. ReFuel’s proprietary AWS-hosted software platform for operations and customer scheduling will integrate with NextNRG’s existing technology infrastructure to enhance service delivery and operational efficiency.

    ReFuel currently serves the Greater Toronto Area (GTA), Hamilton, Oakville, London, and Kitchener markets with plans to expand into additional Ontario regions including Ottawa and Kingston, as well as Quebec markets including Montreal. The company holds TSSA certification and maintains full compliance with federal and provincial fuel handling and safety regulations. Refuel’s customers include: Napa Auto Parts, Autos Canada, Magil Construction, and Fanshawe College.

    “We’re excited to join the NextNRG family and leverage their resources and technology to accelerate our expansion plans,” said Ashraf Ghadban, Co-Founder and CEO of ReFuel Mobile, who plans to stay on and assist with the transition. “This transaction will enable Refuel to enhance its service offerings, expand its geographic reach, and continue delivering exceptional value to its growing customer base across Canada.”

    The acquisition is expected to immediately contribute to NextNRG’s recurring revenue base while providing a strategic platform for further expansion across Canada and potential entry into additional international markets. ReFuel’s focus on innovation includes plans to expand into biofuels and bulk DEF solutions, aligning with NextNRG’s commitment to advancing sustainable energy adoption.

    NextNRG has demonstrated strong momentum, with preliminary May 2025 revenue of $6.6 million representing 148% year-over-year growth and marking the company’s fifth consecutive record month. Year-to-date revenue through May reached approximately $28.89 million, already surpassing full-year 2024 revenue of approximately $27 million. The addition of ReFuel’s established Canadian operations is expected to further strengthen NextNRG’s position as a leader in the on-demand fueling industry while supporting the company’s long-term strategy of building integrated energy ecosystems globally.

    About ReFuel Mobile

    Founded in 2016 with the mission to simplify and modernize on-demand fuel delivery, ReFuel Mobile serves commercial and industrial clients across Ontario, Canada. The company specializes in direct-to-vehicle and direct-to-equipment fuel delivery, offering convenient, cost-effective, and reliable solutions to businesses across dealerships, transportation, logistics, construction, telecom, and energy sectors. With a focus on innovation, ReFuel Mobile is modernizing traditional fueling through a mobile-first, efficient model backed by strong operational execution and proprietary technology. The company was ranked #36 on the Globe and Mail’s list of Canada’s fastest-growing companies with 1,166% three-year revenue growth.

    About NextNRG, Inc.

    NextNRG Inc. (NextNRG) is Powering What’s Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging and on-demand mobile fuel delivery to create an integrated ecosystem.

    At the core of NextNRG’s strategy is its Next Utility Operating System®, which leverages AI and ML to help make existing utilities’ energy management as efficient as possible; and the deployment of NextNRG smart microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs and improve grid resiliency. These microgrids are designed to serve commercial properties, healthcare campuses, universities, parking garages, rural and tribal lands, recreational facilities, and government properties, expanding energy accessibility while supporting decarbonization initiatives.

    NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility’s fuel division and Shell Oil’s trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV, providing fuel delivery while advancing efficient energy adoption. The transition process is expected to include the deployment of NextNRG’s innovative wireless EV charging solutions.

    To find out more visit: www.nextnrg.com

    Forward-Looking Statements

    This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG’s goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as “expect,” “intends,” “will,” and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG’s business and macroeconomic and geopolitical events. These and other risks are described in NextNRG’s filings with the Securities and Exchange Commission from time to time. NextNRG’s forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG’s forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.

    Investor Relations Contact:

    NextNRG, Inc.
    Sharon Cohen
    SCohen@nextnrg.com

    The MIL Network

  • MIL-OSI: Chang Robotics Fund Deploys First Round of Capital

    Source: GlobeNewswire (MIL-OSI)

    JACKSONVILLE, Fla., June 30, 2025 (GLOBE NEWSWIRE) — The Chang Robotics Fund, a venture capital firm founded by Matthew Chang and a team of seasoned experts in automation, manufacturing, and finance, is thrilled to announce its initial capital deployment. With a mission to reinvigorate American manufacturing and automation, the Fund is now fully operational and actively investing in U.S.-based innovations.

    The Fund’s inaugural cohort, The First Five, includes Kodiak Technologies, Curabotics, Green Corridors, GO-Eco, and OXOS Medical. Each company represents a significant step forward in transforming America’s construction, healthcare, and sustainability endeavors.

    While the Fund ultimately aims to raise $50 million to invest in at least 15 visionary companies, this initial deployment of capital provides the necessary momentum to begin making impactful investments. The window remains open for additional accredited investors to join and participate in this groundbreaking journey.

    “The First Five are more than just portfolio companies— they represent the ‘tip of the iceberg’ for the very best innovations for 2025. We’re investing in a future where American-made once again means world-class,” said Matthew Chang, Founder and General Partner.

    The First Five Deployments

    Kodiak Technologies is at the forefront of innovation, having developed the world’s most powerful electric snow removal vehicle, which also serves as a mobile power plant to support airports. These next-generation electric vehicles combine unmatched durability, high performance, and cutting-edge technology to deliver powerful snow removal while reducing environmental impact.

    Curabotics is a robotics, automation, and engineering company dedicated to designing solutions that enhance hospital operational efficiency and alleviate the burden on medical professionals. Their most recent deployment of Nurse-Assist bots in a top hospital alleviated 15% of the average nurse’s daily workload spent on non-clinical tasks.

    Green Corridors – Recently featured in The Wall Street Journal – is a high-speed, autonomous freight system that reroutes cargo off congested roads onto elevated guideways, combining robotic automation with national security-grade scanning to deliver faster, cleaner, and more secure logistics.

    GO-Eco is a sustainable materials startup founded through a collaboration between Chang Robotics and Northwestern University. The company focuses on replacing harmful “forever chemicals” like PFAS (per- and polyfluoroalkyl substances) in food packaging with a compostable, graphene oxide-based coating.

    OXOS Medical is a medical technology company, specializing in portable, AI-enhanced X-ray imaging systems designed to bring radiographic diagnostics directly to the point of care. OXOS aims to enable faster decisions, reduce radiation exposure, and improve care where it matters most.

    This is Only the Beginning

    This first capital deployment is only the beginning. It is not too late for accredited investors to take advantage of this opportunity. The Fund remains open to new capital, and the mission to reshape American industry is still unfolding.

    About the Chang Robotics Fund

    The Chang Robotics Fund is America’s premier manufacturing-tech investment company, investing in seed to early-growth stage robotics, automation, energy, and industrial AI. Founded by engineering leader Matthew Chang, PE, and backed by a top-tier technical team, the Fund brings a builder’s mindset to early-stage investing, backing companies that are reshaping American industry. With extensive experience in factory automation, smart infrastructure, and sustainability, the Fund offers more than just funding: it provides hands-on engineering and operational support to help founders move from prototype to production.

    To learn more, visit www.cr.fund or follow us on LinkedIn @Chang Robotics Fund.

    Disclaimer: This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities. Investment activities in the Chang Robotics Fund’s portfolio companies mentioned herein involve risk and are intended to be made in compliance with applicable law. Potential investors should seek independent legal, tax, and financial advice before making any investment decisions.

    Media contact
    Laine Smith
    media@changrobotics.ai

    The MIL Network

  • MIL-OSI NGOs: Rays of Hope: The Achievements of Targeted Action

    Source: International Atomic Energy Agency (IAEA) –

    Cancer can affect anyone. Whether you survive for not, often depends on your access to treatment. And this varies, depending on where you live in the world. Through its Rays of Hope initiative, the IAEA is giving more cancer patients access to life-saving care in low- and middle-income countries where the need is greatest. Three years since its launch, Rays of Hope is providing tangible support to people in all regions of the world.

    MIL OSI NGO

  • MIL-OSI NGOs: Rays of Hope: The Achievements of Targeted Action

    Source: International Atomic Energy Agency (IAEA) –

    Cancer can affect anyone. Whether you survive for not, often depends on your access to treatment. And this varies, depending on where you live in the world. Through its Rays of Hope initiative, the IAEA is giving more cancer patients access to life-saving care in low- and middle-income countries where the need is greatest. Three years since its launch, Rays of Hope is providing tangible support to people in all regions of the world.

    MIL OSI NGO

  • MIL-OSI Africa: Africa Launches First Pan-African Card Scheme – PAPSSCARD

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

    Africa has marked a significant step towards financial independence following the launch of PAPSSCARD, the continent’s first Pan-African card scheme. Unveiled on June 27 at the 32nd Afreximbank Annual Meetings (www.Afreximbank.com) in Abuja, Nigeria, the new card represents a major leap in Africa’s efforts to achieve financial sovereignty by building resilient and independent payment systems, easing people travel and boosting trade integration.

    PAPSSCARD, a joint-venture between the African Export-Import Bank (Afreximbank), the Pan-African Payment and Settlement System (PAPSS) and Mercury Payment Services (MPS), enables fast, secure, and affordable retail payments across African borders. Today, most African card payments are routed through global systems causing increased fees and loss of data control. By processing transactions entirely within the continent, PAPSSCARD keeps value, data, and economic benefit in Africa.

    Speaking at the launch, Afreximbank President and Chairman of the Board of Directors, Professor Benedict Oramah, highlighted the significance of PAPSSCARD in reclaiming Africa’s financial autonomy. “For too long, Africa’s reliance on external payment systems has impeded trade, increased costs, and compromised control over our financial data. PAPSSCARD changes that. It empowers us to move money swiftly, securely, and affordably across our borders. It is a transformative step towards strengthening intra-African trade and preserving value within the continent.”

    Mike Ogbalu III, CEO of PAPSS, described PAPSSCARD as a major advancement in the continent’s financial architecture, noting that it is “more than just a payment tool, it is a powerful symbol of progress and a bold step towards financial independence.” He added that the card reflects Africa’s ability to create practical, home-grown solutions that align with how the continent trades, lives, and grows.

    Muzaffer Khokhar, Executive Chairman of Mercury, said the launch represents a milestone in Africa’s move toward financial sovereignty. “We are proud to support a system built by Africa, for Africa. This is about sovereignty, innovation, and building trust in African systems to shape the continent’s financial future. The PAPSS Card will become Africa’s most trusted payments brand, strengthening the backbone of the continent’s financial future.”

    John Bosco Sebabi, Acting CEO of PAPSSCARD, added that the new payment offering will unlock benefits for a wide range of stakeholders, from corporates and banks to merchants and individuals. He said that the PAPSSCARD card would “reduce costs for public institutions, support innovation across the financial sector, and expand access to secure, modern payment tools for people and businesses across the continent.”

    Commemorative cards were unveiled at the 32nd Afreximbank Annual Meetings to mark the launch of the PAPSSCARD.  This initiative was made possible by strategic partnerships with issuing banks – Bank of Kigali and I&M Bank Rwanda; Rswitch, Rwanda’s national switch – Smart Cash; and Unified Payments, ensuring its seamless acceptance throughout Nigeria.

    African central banks and payment systems are set to spearhead the continent-wide adoption and rollout of the new PAPSSCARD. This initiative will significantly advance Afreximbank’s strategy to promote financial inclusion and boost intra-African trade under the African Continental Free Trade Area (AfCFTA), fostering a more integrated and self-sustaining African economy.

    – on behalf of Afreximbank.

    Contact person:
    Papa Thiongane
    communications@papss.com

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    LinkedIn: https://apo-opa.co/3I72Zpd
    Twitter: https://apo-opa.co/4nGjMzM
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    YouTube: https://apo-opa.co/4etBnXs

    About PAPSS:
    The Pan-African Payment and Settlement System – PAPSS is a centralised Financial Market Infrastructure that enables the efficient flow of money securely across African borders, minimising risk and contributing to financial integration across the regions. PAPSS works in collaboration with Africa’s central banks to provide a payment and settlement service to which commercial banks and licensed payment service providers across the region can connect as ‘Participants.’ Afreximbank and the African Union (“AU”) first announced PAPSS at the Twelfth Extraordinary Summit of the African Union held on July 7, 2019, in Niamey, Niger Republic, therefore adopting PAPSS as a key instrument for the implementation of the African Continental Free Trade Agreement (AfCFTA). Further, in its thirteenth (13th) extraordinary session, held on December 5, 2020, the assembly of the African Union directed Afreximbank and the AfCFTA secretariat to finalise, among others, work on the Pan-African Payments and Settlements System (PAPSS). The 35th Ordinary Session of the Assembly of the AU further directed the AfCFTA and Afreximbank to deploy the system to cover the entire continent. PAPSS was officially launched in Accra, Ghana, on January 13, 2022, thus making it available for use by the public.

    For more information, visit: www.PAPSS.com.

    Media files

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    MIL OSI Africa

  • MIL-OSI Africa: Civil society activists in Renk raise concerns about child protection needs

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

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    While South Sudan has committed to end the recruitment of boys and girls by armed forces, many children remain in the service of such groups. Others, who have been released from uniformed ranks, are facing difficulties reintegrating into civilian life, with some of them virtually living on the streets.

    “We should establish a reformatory protection center for children living in our neighborhoods. It would help keep them safe from violations of their rights and would allow us to coordinate initiatives to support them with relevant authorities,” says Nawadir Ajanouf, a concerned mother and civil society activist in Renk in northern Upper Nile State.

    Her opinion is shared by youth leader Adam Mayut, who often comes across both children affiliated with armed forces and others – many of whom are refugees from neighbouring Sudan – of the approximately 400 boys he says are roaming Renk’s streets and engaging in various kinds of petty crimes.

    “I ask them why they are loitering at the market and in other places, and they tell me they have nothing to eat and don’t receive the care they need at home. If we had a place where they could gather, we would be able to socialize them, give them food and engage them in sports or in cultural and other wholesome activities,” he says.

    They raised their concerns and suggestions during a two-day forum organized by the United Nations Mission in South Sudan (UNMISS) to increase awareness on how to keep children safe from grave violations of their rights, one of which is to not be recruited or in other ways used by armed groups.

    Apart from representatives of organized security forces and the judiciary, the training, attended by some 50 people, also targeted community leaders and members of various civil society organizations.

    “We are extending the scope of our child protection efforts by being more inclusive and building the capacity of more people to identify and report violations suffered by girls and boys,” explained Phillip Lah, a Child Protection Officer serving with the UN peacekeeping mission.

    Those in attendance also learnt more about how to protect themselves and their communities against the dangers posed by landmines, still a common threat in historically war-torn South Sudan, and other parts of the UNMISS mandate.

    – on behalf of United Nations Mission in South Sudan (UNMISS).

    MIL OSI Africa

  • MIL-OSI Africa: Assistant Minister Gbaa Engages United States (U.S.) Embassy Over Potential Visa Restrictions

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

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    In a bid to prevent potential U.S. visa restrictions on Liberian nationals, the Assistant Minister for Public Affairs at the Ministry of Foreign Affairs, Hon. Saywhar Nana Gbaa, led an engagement with U.S. Embassy officials in Monrovia. The meeting was held with Mr. Nicolas Worden, Acting Consular Chief, and Mr. Raymond Stephens, Public Affairs Officer, to address concerns raised by the U.S. government that could result in stringent visa limitations within the next 50 days. The bilateral discussion, held at the U.S. Embassy, was part of a broader effort by the Government of Liberia to maintain strong diplomatic relations with the United States and ensure continued access to various categories of U.S. visas, including those for tourism, business, education, and immigration.

    During the meeting, U.S. officials expressed growing concern over multiple visa-related challenges originating from Liberia. These include the overstay of non-immigrant visitors and tourists, the submission of fraudulent documentation, and increasing incidents of misrepresentation such as falsified identities, family relationships, and travel purposes by visa applicants. According to Mr. Worden, approximately 20% of Liberians granted non-immigrant visas to the United States do not return at the end of their authorized stay. This statistic has triggered heightened scrutiny of visa applications from Liberia and has contributed to increased denial rates across multiple visa categories. The U.S. representatives acknowledged the proactive steps already being taken by the Government of Liberia, notably the formation of a high-level presidential task force spearheaded by H.E. President Joseph Nyuma Boakai, Sr., and co-led by Mme. Sara Beysolow Nyanti, Minister of Foreign Affairs. This task force was launched to diplomatically address and resolve the U.S. concerns in a timely and effective manner.

    The Ministry of Foreign Affairs emphasized that collaborative public affairs and communication strategies will be key in addressing the crisis. Hon. Saywhar Nana Gbaa and her team committed to spearheading comprehensive public awareness campaigns, including media outreach and community engagement, to educate citizens on the importance of compliance with visa terms and U.S. immigration policies. “The Ministry of Foreign Affairs views this issue as a matter of national urgency,” said Hon. Gbaa. “We remain fully committed to working in concert with the United States to address these concerns through transparency, diplomacy, and strategic public engagement. We urge all Liberians to adhere strictly to the rules governing their stay in the United States.” The potential restrictions outlined by the U.S. government cover a wide range of visa categories, including tourist (B-2)business (B-1)student visas (F-1)fiancée visas (K-1)non-immigrant visas, and the popular Diversity Visa (DV) program. The restrictions would not apply to lawful permanent residents but would significantly impact ordinary Liberians seeking temporary or permanent travel opportunities to the United States. 

    Liberia is among 36 countries reportedly under review by the U.S. government for potential visa sanctions. These concerns date back to assessments conducted during the Trump administration, which highlighted weaknesses in identity verification, passport security, overstay rates, and inadequate cooperation in repatriation of deportees. The U.S. maintains that countries failing to meet specified benchmarks within 60 days of the proclamation may face far-reaching visa restrictions. With only 50 days remaining, both governments agreed that immediate and consistent action is needed to address the outlined issues. The Ministry is calling on all relevant Liberian stakeholders, including travel agencies, immigration officers, and community leaders, to support this national endeavor. The Ministry of Foreign Affairs reaffirms its commitment to safeguarding Liberia’s global mobility and fostering strong bilateral ties with the United States. Further updates will be provided as diplomatic and public affairs efforts continue in the days ahead.

    – on behalf of Ministry of Foreign Affairs of Liberia.

    MIL OSI Africa

  • MIL-OSI Africa: African Development Bank, Asian Infrastructure Investment Bank (AIIB) sign Memorandum of Understanding (MOU) renewing their collaboration on sustainable economic development for Africa

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

    The African Development Bank (www.AfDB.org) and the Asian Infrastructure Investment Bank (AIIB) have signed an agreement strengthening their collaboration on sustainable economic development, designed to boost infrastructure development and economic opportunities across the African continent.  

    The Memorandum of Understanding, which builds on an earlier one in 2018, was signed by African Development Bank president, Dr. Akinwumi Adesina, and AIIB President and Chair of the Board of Directors Jin Liqun on Saturday 28 June. The signing took place on the sidelines of a meeting of Heads of Multilateral Development Banks held in Paris, France, the same day. 

    The agreement outlines continued collaboration from both parties in six priority areas, aligned with the Bank Group’s Ten-Year Strategy 2024–2033 as well as AIIB’s Corporate Strategy and its Strategy on Financing Operations in Non-Regional Members. The areas are:  

    (i) Green infrastructure 

    (ii) Industrialization 

    (iii) Private capital mobilization including Public – Private Partnerships 

    (iv) Cross-border-connectivity 

    (v) Digitalization; and  

    (vi) Policy-based financing 

    The MOU will promote among other things, co-financing, co-guaranteeing and other forms of joint participation in financial assistance for development projects primarily in sustainable infrastructure. The African Development Bank and AIIB’s existing cooperation in this area, includes providing guarantees to support the issuance of Egypt’s first Sustainable Panda Bond in 2023, valued at RMB 3.5 billion.  

    This historic issuance—backed by guarantees from both AfDB and AIIB—marked the first African sovereign bond placed in the Chinese interbank bond market. The guarantees provided by the two triple-A-rated multilateral banks were instrumental in de-risking the transaction, enabling Egypt to secure competitive terms and attract investor confidence. 

    “This partnership continues to be an effective pathway to provide economic development for our member countries, especially in infrastructure. By reaffirming today, we are boosting energy access by accelerating Mission 300 which is targeting to connect 300 million people to electricity by 2030,” Dr Adesina said. 

    Mr. Jin Liqun remarked: “The renewal of our partnership with the African Development Bank reflects AIIB’s commitment to supporting sustainable development beyond Asia. Through this collaboration, we can leverage our combined expertise to deliver transformative projects that will benefit millions across the continent and create prosperity through quality infrastructure investment.” 

    – on behalf of African Development Bank Group (AfDB).

    Contact: 
    Amba Mpoke-Bigg
    Communication and External Relations Department
    email: media@afdb.org

    About the Asian Infrastructure Investment Bank (AIIB): 
    The Asian Infrastructure Investment Bank is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond. Headquartered in Beijing, we commenced operations in January 2016 and have now grown to 84 approved members from around the world. By investing in sustainable infrastructure and other productive sectors today, we will better connect people, services and markets that over time will impact the lives of billions and build a better future. 

    About the African Development Bank Group: 
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states.

    For more information: www.AfDB.org

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    MIL OSI Africa

  • MIL-OSI Africa: The Government of Liberia (GOL) Strongly Refutes Misleading Claims in Recent Media Article

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

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    The Government of Liberia categorically refutes the content, tone, and intent of a recent article titled Liberia Selected as One of Trump’s ‘Dumpsite’ Countries for Criminals and Illegal Immigrants.” The article, which has circulated across social and digital platforms, presents a grossly distorted narrative that misrepresents the U.S.–Liberia bilateral cooperation. The Ministry of Foreign Affairs can emphatically state that the Government of Liberia has not been in any conversation or negotiations regarding third party nationals being sent from the United States to Liberia. Likewise, noting that there are no ongoing discussions related to 3rd party nationals, Liberia has not entered into any agreement formal or informal that obligates it to receive individuals who are not Liberian citizens. 

    The Ministry of Foreign Affairs however seeks to use this opportunity to caution the public from being drawn into misinformation and disinformation, and to ask the concerned media to desist from such destructive actions of writing stories on false and baseless claims. The Government of Liberia is however engaged with the United States on actions required to address issues to prevent Liberia from being placed on a travel ban. These issues include the widespread presentation of fraudulent documents to the United States Embassy such as court papers, affidavits, birth certificates and others, as well as issues related to the slow prosecution of said cases of fraud. In addition, issues surrounding overstay are high on the agenda given that Liberia has a high record of overstays. This among several other issues are points of engagement between the US Government and the Government of Liberia, and we look forward to continue to work together to address these issues holistically to avoid Liberians being banned from traveling to the United States. 

    The Ministry of Foreign Affairs encourages all Liberians including the diaspora, to comply with the US regulations and work together to ensure that Liberians who visit the United States return within the timeframe stipulated during their visa interviews as overstay is marked against the duration of the visit that the applicant stated during the interview or request for visa. We will be providing more information to the public to ensure that Liberians understand the meaning of overstay and the implications of presentation of fake documents and information to the United States government.

    – on behalf of Ministry of Foreign Affairs of Liberia.

    MIL OSI Africa

  • MIL-OSI Africa: Advancing agrifood systems transformation through effective digital technologies in Zimbabwe

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

    The Food and Agriculture Organization of the United Nations (FAO) is advancing agrifood systems through integration of effective digital technologies in Zimbabwe. Through the Fostering Digital Villages Initiative (FDiVi), FAO hosted a Digital Fair in the Masvingo province.

    The digital fair brought together digital service providers, farmers, agri-entrepreneurs, and other stakeholders, creating a dynamic platform for knowledge exchange and real-time onboarding to digital agriculture solutions. The digital fair is part of the broader Fostering Digital Villages through innovative advisory and profitable market services project, which aims to transform agrifood systems in rural Malawi, Rwanda, and Zimbabwe using effective digital technologies, including artificial intelligence.

    “This project facilitates delivery of innovative agricultural extension services for increased productivity, enhanced market access, and advance inclusive rural transformation. It will also support local farmers, extension officers, agro-dealers, and processors, particularly the youth and women,” said Patrice Talla, FAO Subregional Coordinator for Southern Africa and Representative to Zimbabwe.

    The digital fair held in the Bikita district is part of a series of the ongoing campaign by FAO targeting digital service providers, rural farmers, agri-entrepreneurs and other stakeholders to interact and integrate digital technologies in agriculture. The digital fair sparked renewed enthusiasm for digital transformation in agriculture among local communities.

    Speaking during the digital fair, Bernard Hadzirambwi, the District Development Coordinator, praised the initiative and encouraged farmers to adopt digital technologies to enhance productivity and resilience. “Rural innovation thrives when communities connect and interact with digital technology,” said Hadzirambwi.

    “During the digital fair, our farmers explored AI-powered advisory tools, mobile market platforms, and digital extension services. I am truly encouraged by how quickly the community is embracing these innovations. Digital technologies are not just tools, they are enablers of climate-smart agriculture and inclusive rural development in our district,” said Nobert Chiduza, District Agricultural Extension Officer in the Ministry of Lands, Agriculture, Fisheries, Water and Rural Development.

    The FDiVi is one of FAO’s corporate initiatives and flagship programmes. It is an integrated development vision that enshrines digitalization at the core of rural transformation and prosperity, addressing on-farm and off-farm socio-economic elements.

    The project is being implemented in the Mhondoro-Ngezi and Bikita districts where digital hubs will be equipped with digital tools and services including free internet, computers and digital literacy training materials.

    The project supports local farmers, extension officers, agro-dealers, and processors through facilitating access to innovative agricultural extension services, improving market access, and promoting inclusive rural transformation.

    “Before the digital fair, I didn’t know how much technology could change the way I farm. Now, I’ve learned about AI tools that help me plan better, and I can connect directly with buyers through my phone. As a young farmer, this gives me confidence in exploring new opportunities posed through digital technologies,” said Sheunesu Njeke, a 26-year-old farmer after the digital fair.  

    Going forward, FAO will integrate Digital Fairs in the annual District and Ward level Agriculture Shows. The project will continue to support digital innovators and entrepreneurs in breaking into the rural market and will also support farmers and other rural stakeholders to safely onboard onto digital platforms and services.

    – on behalf of Food and Agriculture Organization of the United Nations (FAO): Regional Office for Africa.

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  • MIL-OSI USA: U.S. International Investment Position, 1st Quarter 2025 and Annual Update

    Source: US Bureau of Economic Analysis

    First Quarter

    The U.S. net international investment position,the difference between U.S. residents’ foreign financial assets and liabilities, was –$24.61 trillion at the end of the first quarter of 2025, according to statistics released today by the U.S. Bureau of Economic Analysis (chart 1). Assets totaled $36.85 trillion, and liabilities were $61.47 trillion (chart 2). At the end of the fourth quarter of 2024, the net investment position was –$26.54 trillion (revised). The net investment position and components of assets and liabilities are presented in table 1.  

    The $1.92 trillion change in the net investment position from the fourth quarter of 2024 to the first quarter of 2025 came from net financial transactions of –$277.5 billion and net other changes in position, such as price and exchange-rate changes, of $2.20 trillion (table 2).

    Price changes of $1.73 trillion reflected price increases for assets and price decreases for liabilities, as foreign stock prices outperformed U.S. stock prices.

    Exchange-rate changes of $472.5 billion reflected foreign currency appreciation against the U.S. dollar, which raised the value of U.S. assets more than U.S. liabilities in dollar terms.

    U.S. assets increased by $1.13 trillion to a total of $36.85 trillion at the end of the first quarter, driven mainly by financial transactions of $548.0 billion that largely reflected increased U.S. short-term lending abroad in the form of resale agreements, and by exchange-rate changes of $528.4 billion that reflected the appreciation of foreign currencies against the U.S. dollar (table 2). All major investment categories of assets, except financial derivatives, increased in the first quarter (chart 3).

    U.S. liabilities decreased by $792.0 billion to a total of $61.47 trillion at the end of the first quarter, driven by U.S. stock price decreases that lowered the market value of direct investment and portfolio investment liabilities by $836.4 billion and by $734.6 billion, respectively (table 2). Partly offsetting these price decreases were financial transactions of $844.8 billion that mostly reflected foreign purchases of U.S. debt securities and “other investment” inflows of deposits and loans. All major investment categories of liabilities except other investment decreased in the first quarter (chart 4).

    Annual Update of the U.S. International Investment Position Accounts

    The statistics in this release reflect the annual update of the U.S. International Investment Position Accounts. With this update, BEA has incorporated newly available and revised source data for 2022–2024 (table 3).

    In addition, BEA has incorporated new statistics for transactions and positions related to a repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) that was established by the Federal Reserve in March 2020. The FIMA Repo Facility was designed to address pressures in global dollar funding markets that could affect financial market conditions in the United States. These transactions and positions are recorded as U.S. deposits in the central bank sector of other investment assets in the U.S. International Transactions Accounts and International Investment Position Accounts statistics, beginning with 2022.

    Newly Available and Revised Source Data: Key Providers and Years Affected

    Agency Data Years affected
    U.S. Bureau of Economic Analysis Benchmark, annual, and quarterly direct investment surveys (direct investment and other investment assets and liabilities) 2022–2024
    U.S. Department of the Treasury Aggregate Holdings, Purchases and Sales, and Fair Value Changes of Long-Term Securities by U.S. and Foreign Residents (portfolio investment assets and liabilities) 2022–2024
    Foreign-Residents’ Holdings of U.S. Securities, Including Selected Money Market Instruments (portfolio investment liabilities) 2024
    U.S. Ownership of Foreign Securities, Including Selected Money Market Instruments (portfolio investment assets) 2023
    Reports by Financial Institutions of Liabilities to, and Claims on, Foreign Residents by U.S. Residents (portfolio investment and other investment assets and liabilities) 2022–2024
    Reports of Liabilities to, and Claims on, Unaffiliated Foreign Residents by U.S. Resident Non-Financial Institutions (portfolio investment and other investment assets and liabilities) 2022–2024
    Reports of Holdings of, and Transactions in, Financial Derivatives Contracts with Foreign Residents (financial derivatives assets and liabilities) 2023–2024

    More information on the annual update is available in “Preview of the 2025 Annual Update of the International Economic Accounts” in the Survey of Current Business, and additional information will be published in July in the Survey.

    For resources, definitions, and more, visit “Additional Information.”

    Next release: September 29, 2025, at 8:30 a.m. EDT
    U.S. International Investment Position, 2nd Quarter 2025

    MIL OSI USA News

  • MIL-OSI USA: U.S. International Investment Position, 1st Quarter 2025 and Annual Update

    Source: US Bureau of Economic Analysis

    First Quarter

    The U.S. net international investment position,the difference between U.S. residents’ foreign financial assets and liabilities, was –$24.61 trillion at the end of the first quarter of 2025, according to statistics released today by the U.S. Bureau of Economic Analysis (chart 1). Assets totaled $36.85 trillion, and liabilities were $61.47 trillion (chart 2). At the end of the fourth quarter of 2024, the net investment position was –$26.54 trillion (revised). The net investment position and components of assets and liabilities are presented in table 1.  

    The $1.92 trillion change in the net investment position from the fourth quarter of 2024 to the first quarter of 2025 came from net financial transactions of –$277.5 billion and net other changes in position, such as price and exchange-rate changes, of $2.20 trillion (table 2).

    Price changes of $1.73 trillion reflected price increases for assets and price decreases for liabilities, as foreign stock prices outperformed U.S. stock prices.

    Exchange-rate changes of $472.5 billion reflected foreign currency appreciation against the U.S. dollar, which raised the value of U.S. assets more than U.S. liabilities in dollar terms.

    U.S. assets increased by $1.13 trillion to a total of $36.85 trillion at the end of the first quarter, driven mainly by financial transactions of $548.0 billion that largely reflected increased U.S. short-term lending abroad in the form of resale agreements, and by exchange-rate changes of $528.4 billion that reflected the appreciation of foreign currencies against the U.S. dollar (table 2). All major investment categories of assets, except financial derivatives, increased in the first quarter (chart 3).

    U.S. liabilities decreased by $792.0 billion to a total of $61.47 trillion at the end of the first quarter, driven by U.S. stock price decreases that lowered the market value of direct investment and portfolio investment liabilities by $836.4 billion and by $734.6 billion, respectively (table 2). Partly offsetting these price decreases were financial transactions of $844.8 billion that mostly reflected foreign purchases of U.S. debt securities and “other investment” inflows of deposits and loans. All major investment categories of liabilities except other investment decreased in the first quarter (chart 4).

    Annual Update of the U.S. International Investment Position Accounts

    The statistics in this release reflect the annual update of the U.S. International Investment Position Accounts. With this update, BEA has incorporated newly available and revised source data for 2022–2024 (table 3).

    In addition, BEA has incorporated new statistics for transactions and positions related to a repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) that was established by the Federal Reserve in March 2020. The FIMA Repo Facility was designed to address pressures in global dollar funding markets that could affect financial market conditions in the United States. These transactions and positions are recorded as U.S. deposits in the central bank sector of other investment assets in the U.S. International Transactions Accounts and International Investment Position Accounts statistics, beginning with 2022.

    Newly Available and Revised Source Data: Key Providers and Years Affected

    Agency Data Years affected
    U.S. Bureau of Economic Analysis Benchmark, annual, and quarterly direct investment surveys (direct investment and other investment assets and liabilities) 2022–2024
    U.S. Department of the Treasury Aggregate Holdings, Purchases and Sales, and Fair Value Changes of Long-Term Securities by U.S. and Foreign Residents (portfolio investment assets and liabilities) 2022–2024
    Foreign-Residents’ Holdings of U.S. Securities, Including Selected Money Market Instruments (portfolio investment liabilities) 2024
    U.S. Ownership of Foreign Securities, Including Selected Money Market Instruments (portfolio investment assets) 2023
    Reports by Financial Institutions of Liabilities to, and Claims on, Foreign Residents by U.S. Residents (portfolio investment and other investment assets and liabilities) 2022–2024
    Reports of Liabilities to, and Claims on, Unaffiliated Foreign Residents by U.S. Resident Non-Financial Institutions (portfolio investment and other investment assets and liabilities) 2022–2024
    Reports of Holdings of, and Transactions in, Financial Derivatives Contracts with Foreign Residents (financial derivatives assets and liabilities) 2023–2024

    More information on the annual update is available in “Preview of the 2025 Annual Update of the International Economic Accounts” in the Survey of Current Business, and additional information will be published in July in the Survey.

    For resources, definitions, and more, visit “Additional Information.”

    Next release: September 29, 2025, at 8:30 a.m. EDT
    U.S. International Investment Position, 2nd Quarter 2025

    MIL OSI USA News

  • Union Minister Jitendra Singh, Puducherry LG discuss coastal strategy, Deep Ocean Mission

    Source: Government of India

    Source: Government of India (4)

    Union Minister Dr. Jitendra Singh and Puducherry Lieutenant Governor K. Kailashnathan met on Monday to deliberate on a comprehensive coastal action plan, exploring the Union Territory’s role in India’s ambitious Deep Ocean Mission. The discussions focused on sustainable coastal development, beach management, and leveraging ocean-based economic opportunities.

    Addressing concerns over coastal erosion and environmental degradation, Jitendra Singh emphasized the need for a permanent mechanism for coastal cleaning and management in Puducherry. He assured full support from the Ministry of Earth Sciences and said coordination with the Puducherry Chief Secretary would be initiated to implement the plan effectively.

    Highlighting Puducherry’s strategic location, the Union Minister outlined its potential in deep sea fishing, seabed mineral exploration, and marine research. He informed that India’s Deep Ocean Mission, currently in its first phase, is set for sea trials in early 2026, with the aim of establishing a strong underwater research and exploration capability by 2027 using indigenous technology.

    Jitendra Singh noted that critical seabed minerals, such as polymetallic nodules, could enhance India’s technological and economic standing globally. He also called for efforts to generate local employment and revenue through regulated marine activities.

    Applauding Puducherry’s readiness to collaborate on national missions, the Union Minister stressed the importance of integrating science, governance, and community participation to fulfill Prime Minister Narendra Modi’s vision of a “Viksit Bharat” by 2047.

  • MIL-OSI USA: Torres Slams Homeland Security Funding Bill That Slashes FEMA, Cybersecurity, and Veterans

    Source: United States House of Representatives – Congresswoman Norma Torres (35th District of California)

    June 27, 2025

    Washington, D.C. — Today, Congresswoman Norma J. Torres (CA-35) condemned the Fiscal Year 2026 Homeland Security Appropriations bill during a full committee markup, calling it “dangerous, cruel, and a threat to public safety, constitutional rights, and national security.” Torres blasted House Republicans for gutting FEMA, slashing cybersecurity funding, and enabling violent immigration enforcement tactics that have led to the wrongful detention and deportation of immigrants, veterans, and even U.S. citizens.

    This past January, the Los Angeles area faced devastating wildfires.  Thousands of families lost their homes, hundreds of business owners lost their businesses, and there has been serious damage to roads, schools, and more.And since that time, more major disaster declarations have piled up.  Since January, there have been 25 major disaster declarations by FEMA. Natural disasters don’t look at state boundaries or political representatives- and when it comes to helping Americans in desperate need, we shouldn’t either.

    “This bill isn’t about safety — it’s about playing politics with people’s lives,” said Torres. “It dismantles disaster response, leaves our critical infrastructure vulnerable to cyberattacks, and bankrolls the unconstitutional targeting of communities like mine. From the wildfires in California to ICE raids on our streets, this bill cuts where we can least afford it and prioritizes cruelty over security.”

    Torres also warned that the bill cripples the Cybersecurity and Infrastructure Security Agency (CISA) just as the nation faces escalating threats from Iran and other adversaries. She announced the introduction of the Protecting America’s Cybersecurity Act to restore vital funding and staffing at CISA.

    Her due process for veterans amendment, would ensure that noncitizen veterans are not deported without access to legal representation. Non-citizen veterans can enlist in the military if they are legally residing in the United States. That means they chose to defend a country that isn’t their birthplace. They weren’t born here, but they believed in America enough to fight for it. That is a powerful act of loyalty and they should be given due process. 

    To address key gaps in the bill, Torres introduced three amendments:

    • Amendment #1: Provides $16.8 billion in emergency FEMA funding to help communities recover from major disasters in 2025, including wildfires, floods, and tornadoes across at least 13 states.

    • Amendment #2: Blocks any funding from being used to dismantle or undermine the Flores Settlement Agreement, which protects children in immigration custody with basic standards like safe conditions and limits on detention time.

    • Amendment #3: Prohibits the deportation of non-citizen U.S. military veterans without legal counsel and a fair hearing, and requires DHS to report on veteran deportation cases. Torres highlighted the recent deportation of Purple Heart Army veteran Sae Joon Park as a devastating example of injustice.

    Torres urged her colleagues to reject the bill and support amendments that restore public safety, protect children and veterans, and uphold the Constitution.

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    MIL OSI USA News

  • MIL-OSI USA: Congresswoman Torres Condemns Republicans for Cutting $400 Million from Congressional Watchdog to Stop Investigations into the Trump Administration’s Illegal Actions

    Source: United States House of Representatives – Congresswoman Norma Torres (35th District of California)

    June 27, 2025

    Republicans Reject Rep. Torres’ Amendment to Protect the Government Accountability Office, Instead Choosing to Fund Trump’s $400 Million Luxury Jetliner Gift from Qatar

    Washington, D.C. — Today, Congresswoman Norma J. Torres condemned the Fiscal Year 2026 Legislative Branch Appropriations bill during a full committee markup and led an amendment to prevent Republicans from cutting $400 million from the Government Accountability Office (GAO), an independent watchdog that roots out waste, fraud, and abuse in the federal government. Every dollar invested in the GAO results in $123 in savings, making GAO Congress’ most effective watchdog for protecting taxpayer dollars. Since 2002, the GAO’s work has led to $1.45 trillion in savings. Congresswoman Torres’ amendment would have increased funding for this important agency by $400 million, paid for by rescinded  taxpayer dollars that will  be used to convert Trump’s luxury jetliner gifted from Qatar earlier this year. Republicans voted to reject this amendment. 

    “Republicans say they care about waste, fraud, and abuse, but support $400 million of taxpayer dollars to give President Trump a luxury jetliner. At the same time, they say “responsible spending” is why they are cutting that same amount, $400 million, from the Government Accountability Office, which is Congress’ most effective watchdog at rooting out waste, fraud, and abuse. This comes as the GAO is conducting nearly 40 investigations into the Trump Administration for illegally freezing or holding Congressional funding,” said Congresswoman Torres (CA-35). “I’m disappointed, but not surprised that Republicans rejected my amendment to stop Americans from paying for a private jet for Trump while ensuring Congress’ watchdog has the resources it needs to investigate violations of the law.” 

    At the markup, Rep. Torres joined Democrats in successfully fighting to allow Deferred Action for Childhood Arrivals (DACA) recipients to work in the Legislative Branch through an amendment from Congressman Pete Aguilar (CA-33).

    The Republican FY2026 Legislative Branch Appropriations bill: 

    • Aids and abets President Trump in continuing to steal money promised to the American taxpayer by gutting and politicizing the nonpartisan Government Accountability Office, slashing its budget by half (nearly $400 million) and undermines the rule of law across the federal government by restricting the GAO from bringing civil actions against any department, agency, officer, or employee of the United States for failing to comply with the Congressional Budget and Impoundment Control Act of 1974.

    • Threatens the preservation of our nation’s history and culture by slashing resources for the Library of Congress.

    • Shows House Republicans are continuing to ignore the sacrifices of the United States Capitol Police by failing to call for the immediate installation of the completed January 6 plaque honoring law enforcement.  

    For More Information on the bill, please click here. 

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    MIL OSI USA News

  • MIL-OSI USA: Congresswoman Torres Reintroduces Critical Asbestos Disclosure Bill During National Homeownership Month to Protect Renters and Homeowners

    Source: United States House of Representatives – Congresswoman Norma Torres (35th District of California)

    June 30, 2025

    Bill Seeks to help Homeowners and Renters Get Transparent Asbestos Hazard Disclosure in Residential Sales and Leases

    Washington, D.C. – During National Homeownership Month, Congresswoman Norma Torres, a member of the House Appropriations Subcommittee on Transportation, and Housing and Urban Development, and Related Agencies, reintroduced the Asbestos Exposure in Housing Reduction Act of 2025. This legislation would protect renters and homeowners nationwide by requiring full disclosure of asbestos hazards during the sale or lease of residential properties, with civil and criminal penalties for non-disclosure.

    “As we celebrate National Homeownership Month, it’s critical to prioritize the safety and health of those investing in their homes,” said Congresswoman Norma Torres. “Every renter and homeowner deserve transparency about environmental risks like asbestos before signing a lease or purchase agreement. This bill empowers families with the knowledge they need to protect their health and secure a safe home environment. No one should have to worry about hidden dangers in their home.”

    The Environmental Protection Agency announced a historic ban on ongoing asbestos uses, yet disclosure requirements vary widely across states. Notably, California landlords are currently not mandated to disclose asbestos risks.

    Key provisions of the Asbestos Exposure in Housing Reduction Act include:

    • Mandatory disclosure to buyers and renters of any known asbestos or asbestos-based hazards in the dwelling.

    • Provision of any available asbestos hazard evaluation reports from sellers or lessors to potential occupants.

    • A significant 10-day period for buyers or renters to conduct risk assessments or inspections for asbestos, ensuring informed decisions and peace of mind.

    • Inclusion of an Asbestos Warning Statement in every contract for purchase, sale, or lease, accompanied by a signed acknowledgment from the buyer or lessee confirming they understand the risks and had the opportunity to inspect.

    This legislation directs the Housing and Urban Development Secretary and the EPA Administrator to issue regulations ensuring these protections become standard practice.

    Bill text

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    MIL OSI USA News

  • MIL-OSI: TruGolf Announces Portable Launch Monitor, LaunchBox, Available Globally on July 1st

    Source: GlobeNewswire (MIL-OSI)

    This new portable Launch Monitor by TruGolf is simple to use, compatible with PC and iOS Devices, and utilizes advanced hyper-speed camera technology to measure ball data inside and outdoors.

    Salt Lake City, Utah, June 30, 2025 (GLOBE NEWSWIRE) — TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading golf technology company, has announced that its highly anticipated portable launch monitor, LaunchBox, will be available globally on July 1, 2025. This sleek, camera-based launch monitor delivers professional-grade accuracy at a price point that opens the door to millions of golfers around the world.

    LaunchBox offers tour-level precision in a portable package that is truly affordable for everyday golfers,” said Doug Bybee, Chief Revenue Officer at TruGolf. “Whether you’re a weekend warrior trying to drop a few strokes, or an elite player working on shot consistency, LaunchBox gives you the tools the pros rely on — without breaking the bank. We are thrilled to introduce this product and its features to all markets around the world.”

    Disrupting the $300M launch monitor market*

    For the first time in TruGolf’s 40-year history, the company is entering the high-growth, high-volume portable simulator space. Priced for accessibility, LaunchBox empowers TruGolf to compete directly in a global market of millions of home users, and driving range regulars—without sacrificing the accuracy or realism the brand is known for. 

    LaunchBox is a major step forward—not just for TruGolf, but for the game itself,” said Nate Larsen, Chief Experience Officer at TruGolf. “We’re delivering tour-level performance and accuracy to all golfers, whether they’re practicing in the backyard or playing one of the thousands of golf courses available to play in E6 APEX. LaunchBox positions us to compete in the fast-growing consumer golf tech market while expanding our digital ecosystem through subscription-based software. It also brings our IBM partnership into sharper focus, with E6 APEX powered by IBM watsonx.ai to deliver smarter, more immersive golf experiences. It’s a proud moment for our team—and a big win for golfers everywhere.”

    A New Era of Golf Performance + Entertainment

    Fully integrated with E6 APEX, TruGolf’s next-gen simulation platform, LaunchBox unlocks a full suite of features:

    • Club Fitting + Bag Mapping
    • 1,500+ Virtual Golf Courses (with new content monthly)
    • Gamified Practice + Improvement Challenges
    • Broadcast-Quality Commentary, powered by IBM watsonx.ai
    • Geospatial Mapping, GPS integration, and ultra-realistic course accuracy

    No Markers. No Special Balls. Just Incredible Data.

    LaunchBox leverages ultra high-speed cameras and infrared sensors to deliver 12+ key Shot metrics—without any stickers, special balls, or calibration. Its intuitive display and lightweight form factor make it ideal for use in the garage, backyard, or on the range using a mat. LaunchBox starts at $2,200 with available add-on Software and Golf Simulator Enclosure upgrades. 

    The system connects wirelessly via 5GHz Wi-Fi to PCs or iOS devices, ensuring seamless performance at home or on the go.

    LaunchBox is available exclusively on TruGolf’s website.

    *As per June 2025 Business Research Insight’s Golf Launch Monitor Report

    About TruGolf, Inc.

    Since 1983, TruGolf has been passionate about driving the golf industry with innovative indoor golf solutions. TruGolf builds products that capture the spirit of golf. TruGolf’s mission is to help grow the game by attempting to make it more Available, Approachable, and Affordable through technology – because TruGolf believes Golf is for Everyone. TruGolf’s team has built award-winning video games (“Links”), innovative hardware solutions, and an all-new e-sports platform to connect golfers around the world with E6 CONNECT. Since TruGolf’s beginning, TruGolf has continued to attempt to define and redefine what is possible with golf technology.

    Forward-Looking Statements

    This news release contains certain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements that are not of historical fact constitute “forward-looking statements” and accordingly, involve estimates, assumptions, forecasts, judgements and uncertainties. Forward-looking statements include, without limitation, the timing of the reverse stock split. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ”believes,” ”estimates,” ”anticipates,” ”expects,” ”plans,” ”projects,” ”intends,” ”potential,” ”may,” ”could,” ”might,” ”will,” ”should,” ”approximately” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC, which are available on the SEC’s website, www.sec.gov.

    Contact: Michael Bacal
                  mbacal@darrowir.com
                  917-886-9071

    Attachment

    The MIL Network

  • MIL-OSI: Lightchain AI Raises $21 Million and Enters Bonus Round Ahead of July 2025 Mainnet Launch

    Source: GlobeNewswire (MIL-OSI)

    SHREWSBURY, United Kingdom, June 30, 2025 (GLOBE NEWSWIRE) — Lightchain AI, a pioneering AI-native blockchain platform, has officially concluded its 15-stage presale by raising over $21 million, a significant milestone that signals growing investor confidence in the project’s decentralized AI infrastructure. Following this achievement, the team has launched a limited-time Bonus Round, offering one final opportunity for early supporters to participate ahead of its mainnet launch scheduled for July 2025.

    Lightchain AI is building a scalable and developer-friendly infrastructure purpose-built to support the next generation of AI applications in a decentralized environment. With its native virtual machine, intelligent consensus mechanism, and high-performance validator network, Lightchain AI aims to solve the inefficiencies of traditional networks when handling complex computational tasks tied to artificial intelligence.

    Purpose-Built Blockchain for AI

    Unlike general-purpose blockchains, Lightchain AI has been engineered specifically for AI workloads. Its architecture supports distributed AI computations across validator and contributor nodes, with a novel Proof-of-Contribution consensus model that rewards meaningful computational efforts.

    The platform’s Lightchain Virtual Machine (LVM) enables developers to execute AI-specific smart contracts and workflows, reducing latency and optimizing performance across decentralized applications. By prioritizing efficiency and utility, the protocol is unlocking new use cases in sectors such as predictive analytics, automated decision-making, data labeling, and on-chain inference.

    Transparent Allocation, Community-First Philosophy

    A key aspect of Lightchain AI’s success lies in its transparent and builder-first tokenomics strategy. Notably, the original 5% Team Allocation has been fully reallocated to support long-term ecosystem growth—including developer grants, infrastructure expansion, and validator incentives.

    “We believe the future of decentralized AI requires more than just capital—it needs a strong community of builders,” said a Lightchain AI spokesperson. “That’s why we’ve redirected team tokens into initiatives that directly empower developers and validators, ensuring the ecosystem thrives with or without centralized control.”

    Grant Program and Developer Support

    To accelerate ecosystem development, Lightchain AI has launched a $150,000 Developer Grant Program designed to fund promising projects building on its infrastructure. This initiative is complemented by the rollout of the Lightchain Developer Portal, which provides access to APIs, SDKs, and detailed documentation to simplify onboarding for both new and experienced developers.

    The platform is also preparing to open its public GitHub repositories, encouraging community collaboration, open-source contributions, and greater transparency ahead of its upcoming mainnet release.

    What’s Next

    As Lightchain AI enters the Bonus Round phase, the focus is now on scaling its validator community, finalizing its infrastructure audits, and expanding developer outreach in preparation for the mainnet launch in July 2025.

    Key upcoming milestones include:

    • Mainnet Launch: Targeted for July 2025
    • Bonus Round: Now live and open to qualified contributors
    • Public GitHub Release: Imminent for ecosystem collaboration
    • Validator Program Expansion: Ongoing recruitment and onboarding

    With over $21 million raised, a vibrant developer pipeline, and infrastructure optimized for decentralized AI, Lightchain AI is strategically positioned to become a foundational layer for AI-native applications in Web3.

    Learn More and Join the Ecosystem

    Website: https://lightchain.ai
    Lightpaper: https://lightchain.ai/lightchain-whitepaper.pdf
    Twitter/X: https://x.com/LightchainAI
    Telegram: https://t.me/LightchainProtocol

    Contact:
    SHAJAN SKARIA
    media@lightchain.ai

    Disclaimer: This content is provided by Lightchain AI. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/09c9a475-b43e-48d7-a49e-12422bdcd3ba

    The MIL Network

  • MIL-OSI: Equiniti (EQ) Appoints Stan Guzik as Chief Technology Officer of Shareholder Services

    Source: GlobeNewswire (MIL-OSI)

    Announcement Highlights

    • Stan Guzik joins Equiniti as Chief Technology Officer of Shareholder Services, reporting to CEO Dan Kramer.
    • Stan brings significant global financial and technology expertise, serving in executive and advisory roles across industry leading firms.
    • Stan will lead the 1,000-person global technology team responsible for enabling Equiniti’s business growth, transformation, and client service.

    NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) — Equiniti (EQ), a global leader in shareholder services, today announced the appointment of Stan Guzik as Chief Technology Officer (CTO) of Shareholder Services, effective immediately. He will report to Dan Kramer, Chief Executive Officer, and will join the Shareholder Services Operating Committee.

    In this role, Guzik will lead EQ’s 1,000-person global technology team, driving innovation, accelerating digital transformation, and enhancing the client experience.

    A seasoned executive with deep global experience, Guzik brings a strong track record of leading technology teams at scale and delivering modern, secure platforms for some of the world’s most respected financial institutions. Most recently, he served as Chief Technology Officer for S&P Dow Jones Indices. Over his tenure at S&P Global, Stan led several digital overhauls that transformed S&P Global products and teams around the world. Prior to that, Guzik spent more than a decade at Thomson Reuters, where he spearheaded the building and scaling of the company’s flagship platforms to serve its international employees and customer base.

    “Stan’s appointment marks a defining moment in EQ’s evolution toward a product-led and client-centric future,” said Dan Kramer, CEO of Equiniti Shareholder Services. “He is one of the most accomplished technology leaders in our industry. Stan’s global perspective and record of turning bold ideas into secure, dependable platforms will power EQ’s next wave of innovation, and most importantly, elevate the service we deliver to our clients and shareholders around the world.”

    Guzik joins Equiniti as the organization makes a significant investment in its technology to be a product-led, customer-centric company that provides best-in-class products and services, including a recently announced initiative to innovate its platforms. His appointment underscores Equiniti’s commitment to delivering integrated, tech-enabled shareholder services with efficiency, consistency and scale.

    About EQ

    EQ are specialists in helping you better understand and manage the ownership of your company through critical events across the corporate lifecycle. As trusted advisors, we provide strategic insight and operations expertise through our core business units in Transfer Agent Services, Employee Plan Solutions, Proxy Services, Private Company Services, and Public Relations & Investor Relations Services.

    Globally we serve more than 12,000 clients (49% of the FTSE 100 UK and 35% of the S&P 500), with over 20 million shareholders, through 7,500 employees in 19 markets around the world. Learn more at equiniti.com.

    Media Contact

    Nicholas Ledford
    Director of Communications, EQ
    nicholas.ledford@equiniti.com

    The MIL Network

  • MIL-OSI: Heliene Closes 45X Investment Tax Credit Transfer, in Partnership with U.S. Bank

    Source: GlobeNewswire (MIL-OSI)

    MOUNTAIN IRON, Minn. and MINNEAPOLIS, June 30, 2025 (GLOBE NEWSWIRE) — Heliene Inc., a customer-first provider of North American-made solar PV modules, today announced the sale of the 2025 Section 45X Advanced Manufacturing Production Tax Credit (45X credits). The transaction has been possible thanks to the environmental finance leadership of Minneapolis-based U.S. Bank.

    Heliene claimed eligibility for these 2025 tax credits under the guidelines of the Inflation Reduction Act’s Section 45X. Heliene manufactures high-quality, U.S.-made solar modules that feature a high volume of domestically-sourced components at two Minnesota facilities: one in Mountain Iron, MN and a second in Rogers, MN that came online in spring 2025. Across these two facilities, Heliene’s annual U.S.-based domestic solar module manufacturing capacity is 1.3GW, employing more than 500 Minnesotans in well-paying clean energy careers.

    U.S. Bank – through its subsidiary U.S. Bancorp Impact Finance – is one of the most active renewable energy investors and among the largest tax credit syndicators in the country. Through 45X tax credit syndications, it supports domestic production and investment in renewable energy technologies while providing investors predictable streams of tax benefits with customized tax credit portfolios aligned to environmental goals.

    This transaction marks the second tax credit transfer sale completed by Heliene in the past year. In September 2024, the Company sold an estimated $50M in 2023 and 2024 45X tax credits in one of the first deals of this kind for the solar manufacturing industry. The sale of 2025 credits affirms Heliene’s position as a leading domestic solar manufacturer and underscores continued demand for U.S. clean energy manufacturing. This transaction also represents Heliene and U.S. Bank’s shared commitment to driving job growth and economic development in the state of Minnesota.

    “We’re very proud to have worked with U.S. Bank on our second 45X tax credit transfer deal. Their position as a leading national brand and their commitment to furthering economic development across Minnesota made them an ideal partner for this transaction,” said Martin Pochtaruk, CEO of Heliene, Inc. “In monetising these additional tax credits, we can maintain our commitment to building a stronger, domestic solar supply chain and grow our Minnesota workforce to meet the target of American energy dominance.”

    “We are excited to leverage our custom financing solutions to help Heliene expand, create quality manufacturing jobs in U.S. Bank’s home state of Minnesota and support clean energy access,” said Adam Altenhofen, Impact Finance senior vice president of environmental finance production. “By incentivizing domestic production and investment in renewable energy, the 45X tax credit is already playing an important role in bolstering U.S. jobs and fostering economic growth.”

    This transaction follows the grand opening of Heliene’s Rogers, MN solar manufacturing facility in late May 2025. With an expanded U.S. footprint and funds from the sale of 2025 tax credits, the Company will continue its commitment to strengthen U.S. energy independence through domestic manufacturing and job creation. The Company also received a $2.9M contribution from the Minnesota Department of Employment and Economic Development (DEED) to support job creation for its new facility.

    About Heliene

    Heliene is a North American manufacturer of high-quality solar modules with a commitment to U.S. job creation and domestic content. They produce modules for residential, commercial, and utility-scale projects in their U.S. facilities, meeting customers’ requirements for incentives under the IRA’s Domestic Content Bonus. Heliene offers high-performance modules with competitive pricing and responsive support, making them a reliable partner for any solar project.

    Heliene operates two U.S.-based solar module manufacturing facilities with a combined annual module output capacity of 1.3GW. It employs more than 600 full and part-time solar industry professionals across its two manufacturing facilities and its Sault Ste. Marie, Ontario corporate office. For more information, please visit www.heliene.com.

    Media inquiries:
    FischTank PR
    heliene@fischtankpr.com  

    The MIL Network

  • MIL-OSI: Minovia Therapeutics Announces FDA Fast Track and Rare Pediatric Disease Designations for MNV-201 in Pearson Syndrome

    Source: GlobeNewswire (MIL-OSI)

    Haifa, ISRAEL, June 30, 2025 (GLOBE NEWSWIRE) — Minovia Therapeutics Ltd. (“Minovia” or the “Company”), a clinical-stage biotechnology company developing novel therapies to treat mitochondrial diseases and combat age-related decline, announces that the U.S. Food and Drug Administration (FDA) has granted Fast Track Designation to the Company’s lead investigational compound, MNV-201. The FDA has also granted Rare Pediatric Disease Designation to MNV-201, which is in Phase 2 clinical trials for the treatment of Pearson Syndrome, an ultra-rare and life-threatening mitochondrial disorder affecting children.

    “Both Fast Track Designation and Pediatric Rare Disease Designation are critical milestones for Minovia, as they strongly validate the clinical approach for our science, while also acknowledging the urgent need for new treatment options for Pearson Syndrome. Importantly, these FDA designations help us to decrease the potential time to market and provide additional benefits across the FDA process that will prove both medically and financially valuable,” said Minovia Co-founder and CEO, Natalie Yivgi-Ohana, Ph.D.

    FDA’s Fast Track Designation is designed to accelerate the development and review of therapies for serious or life-threatening conditions with unmet medical need. The designation provides Minovia with the opportunity for increased FDA interactions, potential eligibility for priority review, and the opportunity for a rolling submission of a future Biologics License Application (BLA) for MNV-201. Concurrently, Rare Pediatric Disease Designation (RPD) is granted to drugs which are under development for rare childhood diseases and provides the Company with the potential to receive a pediatric priority review voucher (PRV) if the drug is initially approved for that rare childhood disease. A PRV grants the holder an expedited six-month review of a new drug application. PRVs are tradeable and have historically commanded prices in excess of US$100 million, although currently PRV programs are on hold awaiting reauthorization by Congress.

    Minovia is currently conducting an IND-enabled Phase 2 clinical trial of MNV-201 in Pearson Syndrome. The Company is advancing interactions with the FDA to finalize a pivotal trial design and expects to initiate registrational studies in 2026.

    The Company also recently announced entry into a definitive business combination agreement (the “Business Combination Agreement”) with Launch One Acquisition Corp. (Nasdaq: LPAA, “Launch One”), a publicly traded special purpose acquisition company. Following the expected closing of the transaction contemplated by this Business Combination Agreement (the “Business Combination”), projected for late 2025, the combined company will operate as Minovia Therapeutics and trade on Nasdaq under a new ticker symbol.

    About MNV-201

    MNV-201 is a first-in-class cell therapy that uses Minovia’s proprietary Mitochondrial Augmentation Technology (MAT) to add healthy, energy-producing mitochondria into a patient’s own stem cells — aiming to restore organ function and improve health. In early-stage clinical studies, MAT has demonstrated a strong safety profile and signs of multi-system benefit in patients with Pearson Syndrome, including improvements in growth, muscle function, hematologic stability, and improved quality of life.

    About Pearson Syndrome

    Pearson Syndrome is caused by large-scale deletions in mitochondrial DNA (mtDNA) that impair the energy-generating function of cells, leading to bone marrow failure, metabolic crises, and organ dysfunction. With no approved therapies, current care is purely supportive, and patients die during childhood.

    About Minovia Therapeutics

    Minovia Therapeutics, chaired by John Cox, is a clinical-state biotechnology company working on treatments to replace dead or defective mitochondria with new healthy mitochondria, helping people with mitochondrial diseases and fighting aging. Its main treatment, MNV-201, is already being tested for Pearson Syndrome and Myelodysplastic Syndrome. Minovia is also developing ways to help people live longer, healthier lives. Based in Haifa, Israel, where it operates a GMP facility for mitochondrial drug substance and drug product manufacturing for clinical trials related to its therapy, Minovia is expanding to the U.S. For more information, visit www.minoviatx.com.

    About Launch One Acquisition Corp.

    Launch One Acquisition Corp. is a company set up to merge with and take public an exciting business in healthcare or technology. Listed on Nasdaq under the ticker LPAA, Launch One is led by experienced leaders who want to support game-changing solutions. For more information, contact Jurgen van de Vyver at jurgen@launchpad.vc.

    Additional Information and Where to Find It

    In connection with the Business Combination and the Business Combination Agreement, among Launch One, Minovia and Mito US One Ltd., a newly formed Israeli company limited by shares (“Pubco”), and certain other parties named therein. Launch One and Minovia intend to file relevant materials with the U.S. Securities and Exchange Commission (“SEC”), including a Registration Statement on Form F-4 of Pubco (the “Registration Statement”), which will include a proxy statement/prospectus of Launch One, and will file other documents regarding the proposed Business Combination with the SEC. This communication is not intended to be, and is not, a substitute for the proxy statement/prospectus or any other document that Launch One has filed or may file with the SEC in connection with the proposed Business Combination. The Registration Statement has not been filed or declared effective by the SEC. Following such filing and upon such declaration of effectiveness, the definitive proxy statement/prospectus contained within the Registration Statement and other relevant materials for the proposed Business Combination will be mailed or made available to stockholders of Launch One as of a record date to be established for voting on the proposed Business Combination.

    Before making any voting or investment decision, investors and stockholders of Launch One are urged to carefully read, when they become available, the entire Registration Statement, the proxy statement/prospectus, and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, and the documents incorporated by reference therein, because they will contain important information about Launch One, Minovia, Pubco and the proposed Business Combination. Launch One’s investors and stockholders and other interested persons will also be able to obtain copies of the Registration Statement, the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, other documents filed with the SEC that will be incorporated by reference therein, and all other relevant documents filed with the SEC by Launch One and/or Pubco in connection with the Business Combination, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to Launch One or Minovia at the addresses set forth below.

    Participants In the Solicitation

    Launch One, Minovia, Pubco and their respective directors, executive officers, other members of management and employees may be deemed participants in the solicitation of proxies from Launch One’s stockholders with respect to the Business Combination. Investors and security holders may obtain more detailed information regarding the names, and interests in the Business Combination, of Launch One’s directors and officers in Pubco’s and Launch One’s filings with the SEC, including, when filed with the SEC, the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, amendments and supplements thereto, and other documents filed with the SEC. Such information with respect to Minovia’s directors and executive officers will also be included in the proxy statement/prospectus. You may obtain free copies of these documents as described above under the heading “Additional Information and Where to Find It.”

    Non-Solicitation

    This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Launch One, Pubco, or Minovia, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.

    Forward-Looking Statements

    This press release includes certain statements that may be considered forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include, without limitation, statements about future events or Minovia’s, Launch One’s, or Pubco’s future financial or operating performance. For example, statements regarding the development and regulatory approval of MNV-201, the implications of Fast Track Designation, RPD and PRVs and the timing of future clinical trials or potential applications are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “potential” or “continue,” or the negatives of these terms or variations of them or similar terminology.

    These forward-looking statements regarding future events and the future results of Minovia or Launch One are based on current expectations, estimates, forecasts, and projections about the industry in which Minovia or Launch One operates, as well as the beliefs and assumptions of Minovia’s and Launch One’s management. These forward-looking statements are only predictions and are subject to, without limitation, (i) known and unknown risks, including the risks and uncertainties indicated from time to time in the final prospectus of Launch One relating to its initial public offering filed with the SEC, including those under “Risk Factors” therein, and other documents filed or to be filed with the SEC by Launch One or Pubco; (ii) uncertainties; (iii) assumptions; and (v) other factors beyond Minovia’s or Launch One’s control that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. They are neither statements of historical fact nor promises or guarantees of future performance. Therefore, Minovia’s actual results may differ materially and adversely from those expressed or implied in any forward-looking statements and Minovia and Launch One therefore caution against relying on any of these forward-looking statements.

    These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Minovia and its management, as the case may be, are inherently uncertain and are inherently subject to risks, variability and contingencies, many of which are beyond Minovia’s or Launch One’s control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement and any subsequent definitive agreements with respect to the Business Combination; (ii) the outcome of any legal proceedings that may be instituted against Launch One, Minovia, Pubco, or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (iii) the inability to complete the Business Combination due to the failure to obtain consents and approvals of the shareholders of Launch One and Minovia, to obtain financing to complete the Business Combination or to satisfy other conditions to closing, or delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals required to complete the transactions contemplated by the Business Combination Agreement; (iv) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (v) projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, and the estimated implied enterprise value of Minovia; (vi) Minovia’s ability to scale and grow its business, and the advantages and expected growth of Minovia; (vii) Minovia’s ability to source and retain talent, and the cash position of Minovia following closing of the Business Combination; (viii) the ability to meet stock exchange listing standards in connection with, and following, the consummation of the Business Combination; (ix) the risk that the Business Combination disrupts current plans and operations of Minovia as a result of the announcement and consummation of the Business Combination; (x) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of Minovia to grow and manage growth profitably, maintain key relationships and retain its management and key employees; (xi) costs related to the Business Combination; (xii) changes in applicable laws, regulations, political and economic developments; (xiii) the possibility that Minovia may be adversely affected by other economic, business and/or competitive factors; (xiv) Minovia’s estimates of expenses and profitability; (xv) the failure to realize estimated shareholder redemptions, purchase price and other adjustments; and (xvi) other risks and uncertainties set forth in the filings by Launch One and Minovia with the SEC. There may be additional risks that neither Launch One nor Minovia presently know or that Launch One and Minovia currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of Launch One or Minovia speak only as of the date they are made. Neither Launch One nor Minovia undertakes any obligation to update any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statements are based.

    Contact

    Minovia Therapeutics Ltd.
    Natalie Yivgi Ohana, Co-Founder and CEO
    +972-74-7039954
    info@minoviatx.com

    Launch One Acquisition Corp.
    Jurgen van de Vyver
    jurgen@launchpad.vc
    +1-510-692-9600

    Investor Relations
    Dave Gentry, CEO
    RedChip Companies
    +1-407-644-4256
    LPAA@redchip.com

    Investor Relations
    Jules Abraham
    Managing Director, Communications
    CORE IR
    1-212-655-0924
    Julesa@coreir.com

    The MIL Network

  • MIL-OSI: US Emergency Loans for Bad Credit With Guaranteed Approval & $1,000 Quick Loan Bad Credit History Announced as Key Feature in Money Mutual in 2025

    Source: GlobeNewswire (MIL-OSI)

    Las Vegas, NV, June 30, 2025 (GLOBE NEWSWIRE) —

    MoneyMutual offers a fast and reliable solution for U.S. borrowers with poor credit to access personal loans quickly and securely. At a time when traditional banks often reject applicants due to low credit scores, MoneyMutual provides a free, hassle-free alternative—designed especially for those who may have been denied in the past.

    With support from a network of matching lenders and a smart loan-matching system, MoneyMutual connects users to flexible loan options in real time. Whether you’re facing an emergency or covering personal expenses, you can apply in just 3 minutes to access up to $5,000 in funding—with no hard credit check required.

    << Apply for Bad Credit Loans Through MoneyMutual >>

    Why Choose MoneyMutual?

    MoneyMutual makes borrowing simple by connecting you with a trusted network of licensed lenders across the U.S. Unlike traditional banks that often reject applicants due to credit scores, MoneyMutual streamlines the loan process so you can access funds quickly—without the usual delays or hassles.

    Key Benefits:

    • Borrow amounts ranging from $100 to $5,000
    • No hard credit checks—only soft inquiries that won’t affect your score
    • Approval based on income, not your credit history
    • 100% online application—no paperwork or phone calls
    • Great for freelancers, gig workers, and those receiving benefits
    • Same-day deposits available for most approved loans

    How to Apply for Bad Credit Loans in 2025

    Step 1: Fill Out a Simple Form
    Visit MoneyMutual’s website and provide basic details such as your name, location, monthly income, and the loan amount you wish to borrow.

    Step 2: Compare Loan Offers
    The system quickly matches you with multiple lenders and presents pre-approved offers—no credit score required.

    Step 3: Select an Offer & Receive Funds
    Choose the offer that suits your needs, sign electronically, and receive your funds—often within hours.

    Who Can Apply for Bad Credit Loans?

    You’re eligible to apply if you meet the following basic requirements:

    • Are 18 years or older and a U.S. resident
    • Have a monthly income of at least $800 (from employment, side gigs, or benefits)
    • Maintain an active checking account
    • Can verify your email address and phone number

    << Start Your 3-Minute Application With MoneyMutual >>

    Types of Loans Available Through MoneyMutual

    • No Credit Check Loans – Skip the credit check and receive offers based on your current income.
    • Installment Loans – Flexible repayment plans ranging from 2 to 24 months, tailored to your needs.
    • Urgent Loans for Bad Credit – Ideal for unexpected expenses like medical bills, rent, or car repairs.
    • $500 Cash Advance – Quick access to funds with no impact on your credit score.
    • Same-Day Personal Loans for Bad Credit – Funds often available within hours of approval.
    • Online Payday Loans – Short-term loans for emergency situations, processed quickly.
    • Emergency Loans for the Unemployed – Designed for individuals receiving benefits or with alternative income sources.
    • Bad Credit Installment Loans – Spread payments over time with manageable monthly installments.
    • Fast Approval Personal Loans – 100% online process—no paperwork or phone calls required.
    • Guaranteed Approval Bad Credit Loans – High approval rates, even for those with poor credit histories.

    << Get Pre-Approved in Minutes With MoneyMutual >>

    What Borrowers Are Saying

    “Many people come to us after being denied by traditional banks due to credit challenges. We’re proud to offer a solution that gets them approved the same day—without judgment or red tape.”
    MoneyMutual Spokesperson

    “We often help gig workers and independent earners—like rideshare drivers—who struggle to qualify for bank loans. Our lenders focus on income, not credit scores, which makes a real difference.”
    MoneyMutual Representative

    Why MoneyMutual Is a Smart Choice in 2025

    Today, millions of Americans face barriers to fair lending because of low credit scores, past debt, or non-traditional jobs. Banks often turn these individuals away. At MoneyMutual, we believe access to emergency funding should be simple, fast, and inclusive.

    With MoneyMutual, you can apply for bad credit loans without a hard credit check. Whether you need a $500 payday loan with guaranteed approval or a $1,000 quick loan with no credit check, our platform connects you with lenders who base approvals on your income—not your past.

    We also offer no credit check payday loans, ensuring your credit report won’t be impacted. Our network specializes in providing flexible funding options, with loan amounts from $100 to $5,000, and in many cases, same-day deposits.

    Contact Information

    Company Name: MoneyMutual

    Email: customerservice@moneymutual.com

    Phone: 844-276-2063

    Mailing Address: 2510 E. Sunset Rd. Ste 6, #85 Las Vegas NV, 89120

    Disclaimer & Affiliate Disclosure

    This content is intended for informational and commercial purposes only. It should not be interpreted as financial, legal, or professional advice, nor does it represent an endorsement of any specific lender or loan product.

    While we make every effort to ensure the accuracy and timeliness of the information provided, we do not guarantee its completeness or reliability. Readers are strongly encouraged to conduct independent research and consult licensed financial advisors, legal professionals, or other qualified experts before making financial decisions.

    Important Disclosures:

    • Loan products mentioned may not be appropriate for all individuals.
    • Terms, conditions, and eligibility criteria vary by lender, applicant profile, and state regulations.
    • Loan approval is not guaranteed and depends on factors such as income, creditworthiness, residency, and identity verification.
    • This article may contain affiliate links. If you press on one and proceed with an application or purchase, we may earn a commission—at no additional cost to you. This compensation does not affect the objectivity or integrity of our content.

    By using this content, you acknowledge and accept that the publisher, authors, affiliates, and third-party partners are not liable for any inaccuracies, omissions, or outcomes—including but not limited to loan rejections, contractual disputes, or financial impacts related to your use of the information provided.

    Mentions of companies such as “MoneyMutual” are for informational and comparative purposes only and do not imply endorsement, affiliation, or partnership. For inquiries about specific loan products, please contact the lender directly via official channels.

    All trademarks, brand names, and service marks are the property of their respective owners.

    Attachment

    The MIL Network

  • MIL-OSI: US Emergency Loans for Bad Credit With Guaranteed Approval & $1,000 Quick Loan Bad Credit History Announced as Key Feature in Money Mutual in 2025

    Source: GlobeNewswire (MIL-OSI)

    Las Vegas, NV, June 30, 2025 (GLOBE NEWSWIRE) —

    MoneyMutual offers a fast and reliable solution for U.S. borrowers with poor credit to access personal loans quickly and securely. At a time when traditional banks often reject applicants due to low credit scores, MoneyMutual provides a free, hassle-free alternative—designed especially for those who may have been denied in the past.

    With support from a network of matching lenders and a smart loan-matching system, MoneyMutual connects users to flexible loan options in real time. Whether you’re facing an emergency or covering personal expenses, you can apply in just 3 minutes to access up to $5,000 in funding—with no hard credit check required.

    << Apply for Bad Credit Loans Through MoneyMutual >>

    Why Choose MoneyMutual?

    MoneyMutual makes borrowing simple by connecting you with a trusted network of licensed lenders across the U.S. Unlike traditional banks that often reject applicants due to credit scores, MoneyMutual streamlines the loan process so you can access funds quickly—without the usual delays or hassles.

    Key Benefits:

    • Borrow amounts ranging from $100 to $5,000
    • No hard credit checks—only soft inquiries that won’t affect your score
    • Approval based on income, not your credit history
    • 100% online application—no paperwork or phone calls
    • Great for freelancers, gig workers, and those receiving benefits
    • Same-day deposits available for most approved loans

    How to Apply for Bad Credit Loans in 2025

    Step 1: Fill Out a Simple Form
    Visit MoneyMutual’s website and provide basic details such as your name, location, monthly income, and the loan amount you wish to borrow.

    Step 2: Compare Loan Offers
    The system quickly matches you with multiple lenders and presents pre-approved offers—no credit score required.

    Step 3: Select an Offer & Receive Funds
    Choose the offer that suits your needs, sign electronically, and receive your funds—often within hours.

    Who Can Apply for Bad Credit Loans?

    You’re eligible to apply if you meet the following basic requirements:

    • Are 18 years or older and a U.S. resident
    • Have a monthly income of at least $800 (from employment, side gigs, or benefits)
    • Maintain an active checking account
    • Can verify your email address and phone number

    << Start Your 3-Minute Application With MoneyMutual >>

    Types of Loans Available Through MoneyMutual

    • No Credit Check Loans – Skip the credit check and receive offers based on your current income.
    • Installment Loans – Flexible repayment plans ranging from 2 to 24 months, tailored to your needs.
    • Urgent Loans for Bad Credit – Ideal for unexpected expenses like medical bills, rent, or car repairs.
    • $500 Cash Advance – Quick access to funds with no impact on your credit score.
    • Same-Day Personal Loans for Bad Credit – Funds often available within hours of approval.
    • Online Payday Loans – Short-term loans for emergency situations, processed quickly.
    • Emergency Loans for the Unemployed – Designed for individuals receiving benefits or with alternative income sources.
    • Bad Credit Installment Loans – Spread payments over time with manageable monthly installments.
    • Fast Approval Personal Loans – 100% online process—no paperwork or phone calls required.
    • Guaranteed Approval Bad Credit Loans – High approval rates, even for those with poor credit histories.

    << Get Pre-Approved in Minutes With MoneyMutual >>

    What Borrowers Are Saying

    “Many people come to us after being denied by traditional banks due to credit challenges. We’re proud to offer a solution that gets them approved the same day—without judgment or red tape.”
    MoneyMutual Spokesperson

    “We often help gig workers and independent earners—like rideshare drivers—who struggle to qualify for bank loans. Our lenders focus on income, not credit scores, which makes a real difference.”
    MoneyMutual Representative

    Why MoneyMutual Is a Smart Choice in 2025

    Today, millions of Americans face barriers to fair lending because of low credit scores, past debt, or non-traditional jobs. Banks often turn these individuals away. At MoneyMutual, we believe access to emergency funding should be simple, fast, and inclusive.

    With MoneyMutual, you can apply for bad credit loans without a hard credit check. Whether you need a $500 payday loan with guaranteed approval or a $1,000 quick loan with no credit check, our platform connects you with lenders who base approvals on your income—not your past.

    We also offer no credit check payday loans, ensuring your credit report won’t be impacted. Our network specializes in providing flexible funding options, with loan amounts from $100 to $5,000, and in many cases, same-day deposits.

    Contact Information

    Company Name: MoneyMutual

    Email: customerservice@moneymutual.com

    Phone: 844-276-2063

    Mailing Address: 2510 E. Sunset Rd. Ste 6, #85 Las Vegas NV, 89120

    Disclaimer & Affiliate Disclosure

    This content is intended for informational and commercial purposes only. It should not be interpreted as financial, legal, or professional advice, nor does it represent an endorsement of any specific lender or loan product.

    While we make every effort to ensure the accuracy and timeliness of the information provided, we do not guarantee its completeness or reliability. Readers are strongly encouraged to conduct independent research and consult licensed financial advisors, legal professionals, or other qualified experts before making financial decisions.

    Important Disclosures:

    • Loan products mentioned may not be appropriate for all individuals.
    • Terms, conditions, and eligibility criteria vary by lender, applicant profile, and state regulations.
    • Loan approval is not guaranteed and depends on factors such as income, creditworthiness, residency, and identity verification.
    • This article may contain affiliate links. If you press on one and proceed with an application or purchase, we may earn a commission—at no additional cost to you. This compensation does not affect the objectivity or integrity of our content.

    By using this content, you acknowledge and accept that the publisher, authors, affiliates, and third-party partners are not liable for any inaccuracies, omissions, or outcomes—including but not limited to loan rejections, contractual disputes, or financial impacts related to your use of the information provided.

    Mentions of companies such as “MoneyMutual” are for informational and comparative purposes only and do not imply endorsement, affiliation, or partnership. For inquiries about specific loan products, please contact the lender directly via official channels.

    All trademarks, brand names, and service marks are the property of their respective owners.

    Attachment

    The MIL Network