NewzIntel.com

Category: United States of America

  • MIL-OSI Security: Albuquerque Mother and Son Sentenced for Manufacturing and Selling Machinegun Conversion Devices

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    ALBUQUERQUE – An Albuquerque mother and son who used Instagram and a 3D printer to traffic illegal machine gun conversion devices were sentenced in federal court following an undercover investigation by the ATF that uncovered a cache of firearms.

    There is no parole in the federal system.

    According to court documents, between February 3 and February 7, 2023, Joe Jasso, 21, used Instagram to advertise and sell illegal machine gun conversion devices (MCDs) which are used to convert firearms to fully automatic fire. Jasso communicated with an undercover detective from the ATF about selling AR-15 auto sears and MCDs. On February 7, 2023, Joe Jasso and his mother, Rachael Jasso, 43, met the undercover detective at Kiva Park, where Joe Jasso demonstrated how to install an MCD. Later that day, at a second meeting at Buffalo Wild Wings, Joe Jasso delivered an AR auto sear to the detective, and both Joe and Rachael Jasso confirmed they could make additional devices.

    On February 16, 2023, officers executed a search warrant at the Jasso residence in Northeast Albuquerque, where they found approximately ten firearms, five machine gun conversion devices, large quantities of ammunition, and a 3D printer used to manufacture the devices. Joe Jasso admitted to using Instagram to sell the switches and acknowledged modifying firearms, while neither Joe nor Rachael Jasso had the required federal licenses to possess or manufacture machine guns or conversion devices.

    Joe Jasso and Rachel Jasso both pleaded guilty to engaging in the business of dealing firearms without a license and possession of a machine gun conversion device. Joe Jasso was sentenced to 33 months in federal prison, and Rachael Jasso was sentenced to 30 months. Upon their release from prison, they will both be subject to two years of supervised release.

    U.S. Attorney Ryan Ellison and Brendan Iber, Special Agent in Charge of the Phoenix Field Division of the Bureau of Alcohol, Tobacco, Firearms and Explosives, made the announcement today.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives investigated this case with assistance from the Albuquerque Police Department. Assistant U.S. Attorney Samuel A. Hurtado is prosecuting the case.

    Machine gun conversion devices and auto sears are illegal devices that transform semi-automatic firearms into fully automatic weapons capable of continuous firing with a single trigger pull. The possession, manufacture, and sale of these devices without proper licensing is a federal offense carrying severe penalties, including up to 10 years in prison and fines up to $250,000.

    The proliferation of these devices poses an immediate and critical threat to public safety. Between 2018 and 2023, the ATF recovered thousands of machine gun conversion devices, indicating an alarming trend in their availability and use. Violent street gangs are increasingly employing these devices, devastating communities and neighborhoods with unprecedented firepower.

    This dramatic increase in illegal automatic weapons puts both civilians and law enforcement at extreme risk. Officers responding to incidents may find themselves severely outgunned, facing weapons capable of firing hundreds of rounds per minute. The potential for mass casualties in such encounters is staggering.

    Law enforcement agencies are racing against time to intercept these devices before they can be used in violent crimes. Public cooperation is crucial in combating this threat. If you have information about illegal firearms or conversion devices, please contact the ATF immediately:

    Call: 1-888-ATF-Tips (1-888-283-8477)

    Email: ATFTips@atf.gov

    Visit: www.atf.gov/atf-tips

    Your tip could save lives and prevent these dangerous weapons from falling into the wrong hands. The time to act is now, before our community fall victim to the devastating impact of these illegal automatic weapons. 

    MIL Security OSI –

  • MIL-OSI Africa: Countries urged to urgently step up to transform their HIV responses amid global funding crisis

    Source: Government of South Africa

    The Joint United Nations Programme on HIV/Aids (UNAIDS) has today released a report that highlights a significant funding crisis threatening years of progress in the fight against HIV/Aids. 

    The 2025 Global Aids Update report titled, ’Aids, Crisis and the Power to Transform’, emphasises the urgent need for countries to implement radical changes in their HIV programming and funding strategies.

    The report highlights the impact that the sudden, large-scale funding cuts from international donors are having on countries most affected by HIV. Yet, it also showcases some inspiring examples of resilience, with countries and communities stepping up in the face of adversity to protect the gains made and drive the HIV response forward.

    Some 25 of the 60 low and middle-income countries included in the report have indicated increases in domestic budgets for their HIV responses in 2026. 

    The estimated collective rise among the 25 countries amounts to 8% over current levels, translating to approximately US$180 million in additional domestic resources. 

    “This is promising, but not sufficient to replace the scale of international funding in countries that are heavily reliant,” the report says.

    Global emergency

    Although there was significant progress in the HIV response in 2024, UNAIDS reported that a weakening consensus on aid and substantial, sudden funding shortfalls in 2025 caused widespread disruptions in health systems. 

    These challenges led to cuts in frontline health workers, halted HIV prevention programmes, and jeopardised HIV treatment services.

    According to data, in Mozambique alone, over 30 000 health personnel were affected. In Nigeria, pre-exposure prophylaxis (PrEP) initiation has plummeted from 40 000 to 6 000 people per month.

    If United States-supported HIV treatment and prevention services collapse entirely, UNAIDS estimates that an additional six million new HIV infections and four million additional Aids-related deaths could occur between 2025 and 2029.

    “This is not just a funding gap – it’s a ticking time bomb. 

    “We have seen services vanish overnight. Health workers have been sent home, and people, especially children and key populations, are being pushed out of care,” said UNAIDS Executive Director Winnie Byanyima.

    Even before the large-scale service disruptions, the reported data for 2024 shows that 9.2 million people living with HIV were still not accessing life-saving treatment services last year. 

    Among those were 620 000 children aged zero to 14 years living with HIV but not on treatment, which contributed to 75 000 AIDS-related deaths among children in 2024.

    In 2024, 630 000 people died from Aids-related causes, 61% of them in sub-Saharan Africa. Over 210 000 adolescent girls and young women, aged 15 to 24, acquired HIV in 2024 – an average of 570 new infections every day.

    UNAIDS said HIV prevention services are severely disrupted, while community-led services, which are vital to reaching marginalised populations, are being defunded at alarming rates. 

    In early 2025, the organisation said over 60% of women-led HIV organisations surveyed had lost funding or were forced to suspend services. 

    The United States President’s Emergency Plan for AIDS Relief (PEPFAR) reached 2.3 million adolescent girls and young women with comprehensive HIV prevention services in 2024 and enabled 2.5 million people to use HIV PrEP – many of these programmes have now stopped completely.

    “Meanwhile, the rise in punitive laws criminalising same-sex relationships, gender identity, and drug use is amplifying the crisis, making HIV services inaccessible,” UNAIDS said.

    Beacon of hope

    UNAIDS said South Africa currently funds 77% of its AIDS response, and its 2025 budget review includes a 5.9% annual increase in health expenditure over the next three years, including a 3.3% annual increase for HIV and tuberculosis programmes.

    The South African government intends to finance the development of a patient information system, a centralised chronic medicine dispensing and distribution system, and a facility medicine stock surveillance system.

    Meanwhile, as of December 2024, seven countries – Botswana, Eswatini, Lesotho, Namibia, Rwanda, Zambia, and Zimbabwe – had achieved the 95-95-95 targets: 95% of people living with HIV know their status, 95% of those are on treatment, and 95% of those on treatment are virally suppressed. 

    The report also highlights the emergence of unprecedented, highly effective new prevention tools like long-acting injectable PrEP, including lenacapavir, which has shown near-complete efficacy in clinical trials, though affordability and access remain key challenges.

    Byanyima believes there is still time to transform this crisis into an opportunity. 

    “Countries are stepping up with domestic funding. Communities are showing what works. We now need global solidarity to match their courage and resilience.”

    A call for solidarity

    The 2025 Global AIDS Update ends with a call for the international community to unite in addressing the financing gap. 

    It urges support for countries to close the remaining gaps in HIV prevention and treatment services, eliminate legal and social barriers, and empower communities to take the lead moving forward.

    UNAIDS emphasised that every dollar invested in the HIV response not only saves lives but also strengthens health systems and promotes broader development goals. 

    Since the start of the epidemic, 26.9 million deaths have been averted through treatment, and 4.4 million children have been protected from HIV infection through vertical transmission prevention.

    “In a time of crisis, the world must choose transformation over retreat. Together, we can still end Aids as a public health threat by 2030 – if we act with urgency, unity, and unwavering commitment,” Byanyima said. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI USA: Lummis, WY Delegation Introduce Legislation to Modernize Wyoming School Trust Fund Investments

    US Senate News:

    Source: United States Senator for Wyoming Cynthia Lummis
    Washington, D.C. –  Senator Cynthia Lummis (R-WY), alongside Senator John Barrasso (R-WY) and Representative Harriet Hageman (R-WY), today introduced the Wyoming Education Trust Modernization Act, legislation to amend Wyoming’s State Act of Admission to provide the state’s permanent school land fund with enhanced investment flexibility, potentially increasing annual returns for K-12 education.
    “Wyoming’s school trust fund represents one of our state’s most valuable assets for supporting public education and the next generation of Cowboy students,” said Senator Lummis. “My legislation would allow Wyoming to modernize our investment policies while maintaining the strong protections that have served this fund for more than a century. I believe we can do better for our kids by investing that money more strategically and increasing Wyoming’s returns. That result would mean millions of dollars more every year for Wyoming classrooms, without raising taxes or touching Wyoming’s principal.”
    “Wyoming has done an incredible job investing in the future of our students,” said Senator Barrasso. “The Wyoming Education Trust Modernization Act will help build on this success by giving our state more flexibility when it comes to investing our permanent school land fund. Diversifying investments of this vital fund will increase resources for students and teachers across Wyoming.”
    “Wyoming’s students deserve every opportunity we can provide, and that starts with strengthening the long-term stability of our education funding,” said Representative Hageman. “The Wyoming Education Trust Modernization Act is a commonsense, forward-looking solution that honors our constitutional protections while unlocking the full potential of our permanent school land fund. By allowing for modern investment strategies, we can responsibly increase returns and better support K-12 education. This is about keeping our promises to future generations and ensuring that Wyoming’s children benefit from the resources entrusted to the state over a century ago.”
    “This long-overdue proposal is a natural extension of some of the reforms I undertook while serving as State Treasurer,” said Governor Gordon. “I support this effort to generate additional returns for Wyoming schools while preserving the permanent trust fund structure.”
    “This is a game-changer for Wyoming’s public schools,” said Superintendent Degenfelder. “By modernizing our investment policies, we are unlocking the full potential of our school trust lands. It is a common-sense solution that is anticipated to provide a sustainable increase in funding for our classrooms, without raising taxes.” 
    “Since Wyoming became a state, financial markets and investment strategies have evolved dramatically,” said Representative Bear, Wyoming House District 31. “Today, responsible and prudent management of public funds requires far more flexibility than was imaginable in 1890. Congress has both the authority and the duty to ensure that Wyoming’s state government can effectively safeguard taxpayer assets and uphold citizens’ freedoms—now and for generations to come.”
    Background:
    Wyoming’s State Act of Admission, established by Congress upon statehood in 1890, governs how the state manages federally granted school lands. Proceeds from school trust land sales, exchanges, or disposals must be deposited into a permanent land fund under strict federal regulation. Current law prohibits investing principal funds, and only accrued interest can be used for K-12 education funding.
    Wyoming’s permanent school trust fund currently holds $5.4 billion. The fund generates approximately 5% annual interest under current investment restrictions. Enhanced investment flexibility could significantly boost annual education funding without touching the principal. Proposed legislation would modernize investment policies to potentially increase returns from 5% to 8.3%.
    The bill preserves all constitutional protections for education funding while maintaining principal protection. Only investment returns can be spent, which keeps all existing controls on land disposal and exchanges unchanged, fully maintaining the longtime permanent trust fund structure. 
    Read the full bill here.  

    MIL OSI USA News –

  • MIL-OSI USA: Griffith Visits LewisGale Hospital Montgomery in Blacksburg

    Source: United States House of Representatives – Congressman Morgan Griffith (R-VA)

    U.S. Representative Morgan Griffith (R-VA), Chairman of the House Committee on Energy and Commerce Subcommittee on Health, visited LewisGale Hospital Montgomery in Blacksburg, Virginia. The visit featured a roundtable discussion on rural health care issues with hospital leadership and staff.

    “As the new chairman of the Health Subcommittee, it is my responsibility to explore policies that positively impact the health outcomes of Americans, including those in rural communities,” said Representative Morgan Griffith.  “It is critical to assess and determine solutions that help our rural hospitals serve patients. I appreciate the dedication of LewisGale Hospital Montgomery and all of our hospitals and their interest in discussion about hospital operations and challenges.”

    “We were honored to host Congressman Griffith at LewisGale Hospital Montgomery today to discuss the challenges currently facing hospitals, especially those in rural areas,” said LewisGale Hospital Montgomery CFO Rachael Stanton.

    Pictured: Representative Griffith in discussion with LewisGale Hospital Montgomery leadership and staff.

    BACKGROUND

    This July, Representative Griffith was named Chairman of the House Committee on Energy and Commerce Subcommittee on Health. 

    In a recent Rules Committee hearing, Congressman Griffith committed to working with Energy and Commerce Committee Chairman Brett Guthrie to analyze the status of our rural hospitals and explore improvements to health care access for rural communities.

    LewisGale Hospital Montgomery operates under HCA Healthcare.

    Other hospital health systems that serve communities in Virginia’s Ninth District include Centra Health, Carilion Clinic, Lifepoint Health, Ballad Health and Sovah Health.

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    MIL OSI USA News –

  • MIL-OSI USA: Griffith, Harshbarger Visit Lee County Community Hospital

    Source: United States House of Representatives – Congressman Morgan Griffith (R-VA)

    Following their respective appointments as Chair and Vice Chair of the Health Subcommittee of the U.S. House Committee on Energy and Commerce, U.S. Representative and Health Subcommittee Chairman Morgan Griffith (R-VA) and U.S. Representative and Health Subcommittee Vice Chair Diana Harshbarger (R-TN) made their first joint public action visiting Lee County Community Hospital. They had a roundtable discussion focused on rural health care issues with hospital leadership and staff.

    “In our new roles on the Health Subcommittee, we look forward to advancing policies that positively impact the health outcomes of Americans, including those in rural communities,” said Representatives Griffith and Harshbarger. “It is critical to assess and determine solutions that help our rural hospitals serve patients. We thank Ballad Health for the opportunity to tour Lee County Community Hospital.”

    Pictured: Reps. Griffith and Harshbarger participate in roundtable discussion with Lee County Community Hospital leadership and staff.

    BACKGROUND

    This July, Representative Griffith was named Chairman of the House Committee on Energy and Commerce Subcommittee on Health. Representative Harshbarger was also named Vice Chair of the Health Subcommittee.

    Lee County Community Hospital, located in Pennington Gap, Virginia, operates as part of the Ballad Health system.

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    MIL OSI USA News –

  • MIL-OSI USA: Griffith Visits Clinch Valley Medical Center in Richlands

    Source: United States House of Representatives – Congressman Morgan Griffith (R-VA)

    U.S. Representative Morgan Griffith (R-VA), Chairman of the House Committee on Energy and Commerce Subcommittee on Health, visited Clinch Valley Medical Center in Richlands, Virginia. The visit featured a roundtable discussion on rural health care issues with hospital leadership and staff.

    “Clinch Valley Medical Center is an important health care provider for the area,” said Representative Griffith. “I visited Clinch Valley Medical Center to gain more knowledge of their needs and challenges. As the new chairman of the Health Subcommittee, I am committed to working with Congressional and industry partners to advance policies that positively impact the health outcomes of Americans, particularly those in rural communities.”

    “Clinch Valley Health was honored to have Congressman Morgan Griffith visit with us today,” said Clinch Valley Health President and CEO Peter Mulkey.  “We had the opportunity to discuss the challenges of rural healthcare now and in the future and how we can work together with him in his new role as Chairperson of the Health subcommittee on Energy and Commerce.  I believe we both have the interest of the communities we serve in ensuring we are able to continue to provide top quality care to those that call our region home.”

    Pictured: Representative Griffith with Clinch Valley Medical Center leadership and personnel.

    BACKGROUND

    This July, Representative Griffith was named Chairman of the House Committee on Energy and Commerce Subcommittee on Health. 

    In a recent Rules Committee hearing, Congressman Griffith committed to working with Energy and Commerce Committee Chairman Brett Guthrie to analyze the status of our rural hospitals and explore improvements to health care access for rural communities.

    Clinch Valley Medical Center operates under Lifepoint Health.

    Other hospital health systems that serve communities in Virginia’s Ninth District include Centra Health, Carilion Clinic, HCA Healthcare, Ballad Health and Sovah Health.

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    MIL OSI USA News –

  • MIL-OSI USA: Gov. Hochul’s Letter to Secretary of Homeland Security

    Source: US State of New York

    overnor Kathy Hochul issued a letter to U.S. Department of Homeland Security Secretary Kristi Noem urging the Department to make funding available to state and local governments through the Federal Emergency Management Agency’s (FEMA) Homeland Security Grant Program (HSGP) as has been done every year since 2002.

    HSGP provides states, local jurisdictions and their law enforcement, public safety, homeland security and emergency management officials with critical resources to further their preparedness and response capabilities. Without these resources, first responders and frontline emergency management operation teams will be unable to access state-of-the-art training, the latest advancements in equipment and the ability to seamlessly share and analyze intelligence with each other.

    As the threat of terrorism increases amid the ongoing conflicts in the Middle East, it is essential that the federal government ensures the availability of funding for all essential components of counterterrorism efforts.

    The full text of the letter is below:

    Dear Secretary Noem:

    As Governor, my chief responsibility is ensuring the safety and security of New York State and all its residents. Not only does New York face the nation’s most diverse threat landscape, but with numerous economic, governmental, and recreational assets, it remains the nation’s top target for terrorism. In recent months, that threat has only grown given the ongoing conflicts in the Middle East, making it essential that the federal government, specifically, the U.S. Department of Homeland Security (DHS), ensure the availability of critical homeland security funding to states and local governments.

    I am deeply troubled that DHS has yet to make funding available to states and local governments through the Federal Emergency Management Agency’s (FEMA) Homeland Security Grant Program (HSGP) as it has every year since 2002.

    On June 22, 2025, DHS issued a bulletin through the National Terrorism Advisory System notifying Americans of the heightened threat environment our nation faces due to our recent involvement in the ongoing conflict between the nations of Israel and Iran. As noted in the bulletin:

    “….Low-level cyber attacks against US networks by pro-Iranian hacktivists are likely, and cyber actors affiliated with the Iranian government may conduct attacks against US networks. Iran also has a long-standing commitment to target US Government officials it views as responsible for the death of an Iranian military commander killed in January 2020. The likelihood of violent extremists in the Homeland independently mobilizing to violence in response to the conflict would likely increase if Iranian leadership issued a religious ruling calling for retaliatory violence against targets in the Homeland. Multiple recent Homeland terrorist attacks have been motivated by anti-Semitic or anti-Israel sentiment, and the ongoing Israel-Iran conflict could contribute to US-based individuals plotting additional attacks.”

    As home to the country’s largest economic center, and the largest Jewish community outside of Israel, these threats put New York communities at a greater risk than perhaps anywhere else in the nation. Thankfully, since your agency’s inception, New York and DHS have maintained a strong partnership to counter these threats. This partnership has been essential to ensure that the State and local governments and their public safety agencies have the funding and resources needed to prepare for, mitigate, prevent and withstand terrorist threats and targeted violence.

    One core component of this partnership has been DHS’ Homeland Security Grant Program (HSGP). In 2024, New York received $219.9 million in HSGP funding, $156.1 million of which was allocated through the Urban Area Security Initiative (UASI) for jurisdictions in the New York City Metro Area, principally the New York Police Department. In 2023, New York received $244.7 million with $173.9 million allocated through UASI.

    HSGP provides states, local jurisdictions and their law enforcement, public safety, homeland security and emergency management officials with critical resources to further their preparedness and response capabilities. Without these resources, the heroic men and women who continuously put their lives on the line to protect their fellow Americans are unable to access state of the art training, the latest advancements in equipment and the ability to seamlessly share and analyze intelligence with each other – all essential components of counterterrorism efforts.

    Furthermore, HSGP funding is vital to securing and maintaining critical infrastructure assets (transportation hubs, power grids, water systems, communication networks) which are top targets of nefarious actors, as well as to assist local law enforcement with border security via Operation Stonegarden. Through Operation Stonegarden, jurisdictions along international borders receive direct funding to not only enhance cooperation and coordination between federal, state, local and tribal law enforcement agencies, but to support joint operations. As a state with a 445-mile international border, security of this boundary is of the utmost importance to me. To that end, I have secured $8 million in state funds, as well as dedicated State Police and other public safety resources to support this federal mission.

    Any further delays in the availability of HSGP will degrade the capabilities of our nation to prevent terrorism and make us less safe at a time when the variety and severity of security threats continue to grow.

    I urge you to release the FY2025 HSGP Notice of Funding Opportunity immediately and help ensure our nation remains ready and able to defend ourselves against anyone seeking to threaten our way of life.

    Sincerely,
    Governor Kathy Hochul

    MIL OSI USA News –

  • MIL-OSI: BULGOLD Announces Closing of Non-Brokered Private Placement for Gross Proceeds of Approximately $1 Million

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to United States newswire services or for dissemination in the United States

    TORONTO, July 10, 2025 (GLOBE NEWSWIRE) — BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) is pleased to announce the closing of its previously announced non-brokered private placement (the “Offering”) for gross proceeds of approximately $1,076,720 from the sale of 21,534,407 common shares in the capital of the Company (each, a “Share”) at a price of $0.05 per Share (the “Issue Price”).

    In consideration for the services rendered by certain arm’s length parties (the “Finders”) in connection with the Offering, the Finders received an aggregate cash fee of $7,700 and an aggregate of 154,000 finder’s warrants (the “Finder’s Warrant”). Each Finder’s Warrant entitles the holder to acquire one additional common share in the capital of the Company at an exercise price of $0.07 until January 9, 2027.

    Management of the Company subscribed for $138,567 of the Offering. The issuances of Common Shares to such insiders are considered related party transactions under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relied on exemptions from the formal valuation and minority approval requirements in sections 5.5(b) and 5.7(1)(b) of MI 61-101, respectively, in respect of such insider participation. The Offering remains subject to the final approval of the TSX Venture Exchange. The Shares are subject to a hold period ending on November 10, 2025.

    The Company will use the proceeds from the Offering for exploration, as well as for general corporate purposes.

    The securities described herein have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

    About BULGOLD Inc.

    BULGOLD is a gold exploration company focused on the exploration and development of mineral exploration projects in Central and Eastern Europe. The Company controls 100% of three quality quartz-adularia epithermal gold projects located in the Bulgarian and Slovak portions of the Western Tethyan Belt: the Lutila Gold Project, the Kostilkovo Gold Project and the Kutel Gold Project. Management of the Company believes that its assets show potential for high-grade, good-metallurgy, low-sulfidation epithermal gold mineralisation.

    On July 10, 2025, BULGOLD’s issued and outstanding shares were 49,132,335 of which approximately 28.3% were held by Founders, Directors and Management. Additional information about the Company is available on BULGOLD’s website (www.BULGOLD.com) and on SEDAR+ (www.sedarplus.ca).

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Cautionary Statement Regarding Forward-Looking Information

    This press release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance and include statements relating to the Offering, including but not limited to, the use of proceeds, the timing and ability of the Company to receive necessary regulatory and other approvals, including the final acceptance of the Offering by the TSX Venture Exchange. All statements other than statements of historical fact may be forward-looking statements or information. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.

    Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including the inherent uncertainty of mineral exploration; risks related to title to mineral properties; and credit, market, currency, operational, commodity, geopolitical, liquidity and funding risks generally, including changes in economic conditions, interest rates or tax rates and general market and economic conditions. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this press release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this press release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements and information contained in this press release are expressly qualified by this cautionary statement.

    For further information, please contact:

    BULGOLD Inc.
    Sean Hasson, President and Chief Executive Officer
    Telephone: +359 887 560 545
    Email: sean.hasson@BULGOLD.com 
    Website: www.BULGOLD.com

    The MIL Network –

  • MIL-OSI: STMicroelectronics and Metalenz Sign a New License Agreement to Accelerate Metasurface Optics Adoption

    Source: GlobeNewswire (MIL-OSI)

    T4717D

    STMicroelectronics and Metalenz Sign a New License Agreement to Accelerate Metasurface Optics Adoption

    • New license agreement enabling the proliferation of metasurface optics across high-volume consumer, automotive and industrial markets: from smartphone applications like biometrics, LIDAR and camera assist, to robotics, gesture recognition, or object detection.
    • The agreement broadens ST’s capability to use Metalenz IP to produce advanced metasurface optics while leveraging ST’s unique technology and manufacturing platform combining 300mm semiconductor and optics production, test and qualification.

    Geneva, Switzerland, and Boston, MA, USA – July 10, 2025 — STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications and Metalenz, the pioneer of metasurface optics, announced a new license agreement. The agreement broadens ST’s capability to use Metalenz IP to produce advanced metasurface optics while leveraging ST’s unique technology and manufacturing platform combining 300mm semiconductor and optics production, test and qualification.

    “STMicroelectronics is the unique supplier on the market offering a groundbreaking combination of optics and semiconductor technology. Since 2022, we have shipped well over 140 million metasurface optics and FlightSense™ modules using Metalenz IP. The new license agreement with Metalenz bolsters our technology leadership in consumer, industrial and automotive segments, and will enable new opportunities from smartphone applications like biometrics, LIDAR and camera assist, to robotics, gesture recognition, or object detection,” underlined Alexandre Balmefrezol, Executive Vice President and General Manager of STMicroelectronics’s Imaging Sub-Group. “Our unique model, processing optical technology in our 300mm semiconductor fab, ensures high precision, cost-effectiveness, and scalability to meet the requests of our customers for high-volume, complex applications.”

    “Our agreement with STMicroelectronics has the potential to further fast-track the adoption of metasurfaces from their origins at Harvard to adoption by market leading consumer electronics companies,” said Rob Devlin, co-founder and CEO of Metalenz. “By enabling the shift of optics production into semiconductor manufacturing, this agreement has the possibility to further redefine the sensing ecosystem. As use cases for 3D sensing continue to expand, ST’s technology leadership in the market together with our IP leadership solidifies ST and Metalenz as the dominant forces in the emergent metasurface market we created.”

    The new license agreement aims to address the growing market opportunity for metasurface optics projected to experience significant growth to reach $2B by 2029*; largely driven by the industry’s role in emerging display and imaging applications. (*Yole Group, Optical Metasurfaces, 2024 report)

    Note to editors
    In 2022, metasurface technology from Metalenz, which spun out of Harvard and holds the exclusive license rights to the foundational Harvard metasurface patent portfolio, debuted with ST’s market leading direct Time-of-Flight (dToF) FlightSense modules.

    Replacing the traditional lens stacks and shifting to metasurface optics instead has improved the optical performance and temperature stability of the FlightSense modules while reducing their size and complexity.

    The use of 300mm wafers ensures high precision and performance in optical applications, as well as the inherent scalability and robustness advantage of semiconductor manufacturing process.

    About STMicroelectronics
    At ST, we are 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are on track to be carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027.
    Further information can be found at www.st.com.

    About Metalenz
    Metalenz is at the forefront of driving innovation in optics with metasurface technology, providing solutions that redefine the possibilities of mobile imaging and sensing. Metalenz is the first company to bring metasurfaces to mass markets, with millions of its meta-optics already integrated in consumer devices, combining the functionality of three or four complex lenses and components into a single flat device, mass produced in existing semiconductor foundries. The company’s first full system solution, Polar ID, is a groundbreaking, ultra-secure, small, and affordable face unlock solution for mobile that harnesses the unique polarized light sorting capabilities of metasurfaces, enabling mobile devices to see beyond the limits of current visual systems. metalenz.com

    CONTACTS

    STMicroelectronics

    INVESTOR RELATIONS
    Jérôme Ramel
    EVP Corporate Development & Integrated External Communication
    Tel: +41.22.929.59.20
    jerome.ramel@st.com

    MEDIA RELATIONS
    Alexis Breton
    Corporate External Communications
    Tel: +33.6.59.16.79.08
    alexis.breton@st.com

    Metalenz

    Carly Glovinski
    Sr. Marketing Manager
    media@metalenz.com

    Attachments

    The MIL Network –

  • MIL-OSI: The SBB Research Group Foundation Sponsors Renaissance Knights Chess Foundation

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, July 10, 2025 (GLOBE NEWSWIRE) — Renaissance Knights Chess Foundation (RKCF) collaborated in a volunteer initiative alongside the SBB Research Group Foundation, which partners with local nonprofits through its Champion A Charity Program.

    Renaissance Knights’ mission is to harness the power of chess through intentional, comprehensive programs that promote cognitive growth, character development, mentorship, and community engagement—empowering youth with the skills, support, and opportunities they need for lifelong success.

    Sandeep Navalgund, a volunteer from the SBB Research Group Foundation, supported this mission by helping plan and volunteer at the 2025 Greater Chicago K-12 Chess Championship, hosted annually by RKCF. This year’s event took place on February 8th at McCormick Place and welcomed over 660 students from across the Midwest. The tournament aims to introduce students—particularly those from Title I low-income schools in Chicago Public Schools (CPS)—to the game of chess and the critical thinking, planning, and social-emotional skills it fosters.

    “It was wonderful to see so many students and families excited to participate, regardless of age or skill level,” said Navalgund. He emphasized the event’s significance, noting, “This is one of RKCF’s marquee events and plays a vital role in their mission to teach lifelong skills such as planning, persistence, and patience.”

    To learn more about Renaissance Knights Chess Foundation’s comprehensive youth programs, visit https://rknights.org.

    About the SBB Research Group Foundation

    The SBB Research Group Foundation is a 501(c)(3) nonprofit that furthers the philanthropic mission of SBB Research Group LLC (SBBRG), a Chicago-based investment management firm led by Sam Barnett, Ph.D., and Matt Aven. The Foundation provides grants to support ambitious organizations solving unmet needs with thoughtful, long-term strategies. In addition, the Foundation sponsors the SBBRG STEM Scholarship, which supports students pursuing science, technology, engineering, and mathematics degrees.

    Contact: Erin Noonan
    Organization: SBB Research Group Foundation
    Email: grants@sbbrg.org
    Address: 450 Skokie Blvd, Building 600, Northbrook, IL 60062 United States
    Phone: 1-847-656-1111

    Website: https://www.sbbrg.org

    The MIL Network –

  • MIL-OSI USA: Plenty of Water in Prairie Potholes

    Source: US Geological Survey

    Surface water in the prairie potholes is highly responsive to both air temperature and precipitation (Renton et al., 2105). In addition, a strong connection between groundwater and potholes is described as filling and subsequently spilling (Vanderhoof et al., 2016). When aquifers are full, surface water recedes slowly. Throughout the Dakotas, recent wet periods may be a part of natural variability that is likely to be repeated over longer time spans (Nustad et al., 2016; Ryberg et al., 2016; Liu and Schwartz, 2011). 

    Thirty-nine years of Annual NLCD land cover provide two good visual examples of prairie pothole flooding events: the Devils Lake area in northeastern North Dakota and Day County in northeastern South Dakota. Lakes, potholes and wetlands in those areas saw large increases in open water (Newsdakota.com, 2020). The James River, a tributary to the Missouri River that flows through Day County, also had recent flooding events (NASA, 2020).

    Right: This map shows open water in North Dakota and South Dakota from 1985 to 2023. The colors indicate whether the open water areas gained or lost water, fluctuated between gains and losses or remained unchanged during that time period. Areas of special interest to this article are Devils Lake in North Dakota and Waubay Lake and Bitter Lake in South Dakota.

    References:

    Auch, R.F., 2015. Chapter 7, northern glaciated plains ecoregion.In Status and Trends of Land Change in the Great Plains of the United States—1973 to 2000, Taylor, J.L., Acevedo, W., Auch, R.F., and Drummond, M.A. pp. 69-76. U.S. Geological Survey Professional Paper 1794-B, Reston, Va. 

    Baulch, H.M., Elliott, J.A., Corderio, M.R.C., Flaten, D.N., Lobb, D.A., and Wilson, H.F., 2019. Soil and water management: opportunities to mitigate nutrient losses to surface waters in the Northern Great Plains. Environ. Rev. 27: 447–477.https://cdnsciencepub.com/doi/10.1139/er-2018-0101

    Blackwell, B.G., Smith, B.J., Kaufman, T.M., and Moos, T.S., 2020. Use of a restrictive regulation to manage walleyes in a new glacial lake in South Dakota. North American Journal of Fisheries Management 40:1202–1215.https://onlinelibrary.wiley.com/doi/abs/10.1002/nafm.10486

    Damschen, W.C., and Galloway, J.M., 2016, Water-surface elevation and discharge measurement data for the Red River of the North and its tributaries near Fargo, North Dakota, water years 2014–15: U.S. Geological Survey Open-File Report 2016–1139, 16 p., https://pubs.usgs.gov/publication/ofr20161139

    Hoogestraat, G.K., and Stamm, J.F., 2015, Climate and streamflow characteristics for selected streamgages in eastern South Dakota, water years 1945–2013; U.S. Geological Survey Scientific Investigations Report 2015–5146, 35 p., with appendix, https://pubs.usgs.gov/publication/sir20155146

    Johnston, C.A., 2013, Wetland Losses Due to Row Crop Expansion in the Dakota Prairie Pothole Region; Natural Resource Management Faculty Publications, 95.https://openprairie.sdstate.edu/nrm_pubs/95/  

    Liu, G. and Schwartz, F.W., 2011, An integrated observational and model-based analysis of the hydrologic response of prairie pothole systems to variability in climate; Water Resources Research, 47, W02504,https://agupubs.onlinelibrary.wiley.com/doi/full/10.1029/2010WR009084

    NASA, 2020,https://earthobservatory.nasa.gov/images/146515/relentless-floods  

    Newsdakota.com, 2020,https://www.newsdakota.com/2020/08/07/excess-water-continues-to-plague-prairie-pothole-region/   

    National Centers for Environmental Information (NOAA), 2025, Climate at a Glance: National Time Series, published May 2025, accessed May 8, 2025, from https://www.ncei.noaa.gov/access/monitoring/climate-at-a-glance/national/time-series 

    Nustad, R.A., Kolars, K.A., Vecchia, A.V., and Ryberg, K.R., 2016, 2011 Souris River flood—Will it happen again?; U.S. Geological Survey Fact Sheet 2016–3073, 4 p.,https://pubs.usgs.gov/publication/fs20163073

    Renton, D.A., Mushet, D.M., and DeKeyser, E.S., 2015, Climate change and prairie pothole wetlands—Mitigating water-level and hydroperiod effects through upland management: U.S. Geological Survey Scientific Investigations Report 2015–5004, 21 p.,https://pubs.usgs.gov/publication/sir20155004  

    Ryberg, K.R., Vecchia, A.V., Akyüz, F.A., and Lin, W., 2016, Tree-ring-based estimates of long-term seasonal precipitation in the Souris River Region of Saskatchewan, North Dakota and Manitoba, Canadian Water Resources Journal / Revue canadienne des ressources hydriques, 41:3, 412-428, 17 p., https://www.tandfonline.com/doi/full/10.1080/07011784.2016.1164627  

    Shapley, M.D., Johnson, W.C., Engstrom, D.R., and Osterkamp, W.R., 2005, Late-Holocene flooding and drought in the Northern Great Plains, USA, reconstructed from tree rings, lake sediments and ancient shorelines. The Holocene, 15 (1): 29-41.

    Todhunter, P.E. 2018, A volumetric water budget of Devils Lake (USA): non-stationary precipitation–runoff relationships in an amplifier terminal lake. Hydrological Sciences Journal, vol. 63 (9):1275–1291. https://www.tandfonline.com/doi/full/10.1080/02626667.2018.1494385

    Todhunter, P.E., 2021, Hydrological basis of the Devils Lake, North Dakota (USA), terminal lake flood disaster. Nat Hazards 106, 2797–2824 (2021).https://link.springer.com/article/10.1007/s11069-021-04567-2  

    USGS Earth Resources Observation and Science (EROS) Center, 2022, Lake levels rise: U.S. Geological Survey Earthshots webpage, 2022, accessed online 6/26/2025, athttps://eros.usgs.gov/earthshots/lake-levels-rise  

    Vanderhoof, M.K., Alexander, L.C., and Todd, M.J., 2016a, Temporal and spatial patterns of wetland extent influence variability of surface water connectivity in the Prairie Pothole Region, United States; Landscape Ecology 31, 805–824 (2016). https://link.springer.com/article/10.1007/s10980-015-0290-5

    Vanderhoof, M.K., and Alexander, L.C., 2016b, The Role of Lake Expansion in Altering the Wetland Landscape of the Prairie Pothole Region, United States; Wetlands 36 (Suppl 2), 309–321. https://link.springer.com/article/10.1007/s13157-015-0728-1

    Vanderhoof, M.K., Christensen, J.R. and Alexander, L.C., 2017, Patterns and drivers for wetland connections in the Prairie Pothole Region, United States; Wetlands Ecology and Management 25, 275–297. https://link.springer.com/article/10.1007/s11273-016-9516-9

    Vecchia, Aldo V., 2011, Simulation of the effects of Devils Lake outlet alternatives on future lake levels and water quality in the Sheyenne River and Red River of the North; 2011; SIR; 2011-5050.

    Wimberly, M.C., Janssen, L.L., Hennessy, D.A., Luri, M., Chowdhury, N.M., and Feng, H., 2017, Cropland expansion and grassland loss in the eastern Dakotas: New insights from a farm-level survey; Land Use Policy, Volume 63, Pages 160-173.

    MIL OSI USA News –

  • MIL-OSI: Applied Systems Recognized for Being a Great Place to Work

    Source: GlobeNewswire (MIL-OSI)

    Chicago, IL., July 10, 2025 (GLOBE NEWSWIRE) — Applied Systems® today announced that the company earned multiple honors for its commitment to creating an outstanding employee experience. For the second year, Applied received the Great Place To Work® Certification™, the most definitive “employer-of-choice” recognition that companies aspire to achieve and the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace.

    As eligible by its Great Place To Work® Certification, Applied was also ranked #14 on the Fortune Best Workplaces in Chicago™ 2025 list. This list highlights organizations excelling in creating positive, inclusive, and engaging environments.

    Applied Systems has also been recognized with rankings on multiple Newsweek Greatest Workplaces lists. These lists are backed by a rigorous, independent study conducted by Newsweek and market research firm Plant-A Insights, highlighting organizations committed to workplace excellence. The lists include:

    • America’s Greatest Workplaces for Women 2025  
    • America’s Greatest Workplaces for Mental Wellbeing 2025  
    • America’s Greatest Workplaces for Gen Z 2025  
    • America’s Greatest Workplaces 2025  
    • America’s Greatest Workplaces Parents & Families 2025

    “We are honored to receive recognition for the workplace we have built as Team Applied,” said Bridget Penney, chief people officer, Applied Systems. “The Great Place to Work Certification and rankings on the Fortune and Newsweek lists demonstrate our commitment to upholding a culture developed on values that make us indispensable to each other and our customers.”

    # # #

    The Applied products and logos are trademarks of Applied Systems, Inc., registered in the U.S.

    About Applied Systems
    Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and the innovation leader, Applied is the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada, the Republic of Ireland, and the United Kingdom. By automating the insurance lifecycle, Applied’s people and products enable millions of people around the world to safeguard and protect what matters most.

    The MIL Network –

  • MIL-OSI Security: Defense News in Brief: NCIS Deploys Special Agents aboard Guided-Missile Destroyers Patrolling Southern Border

    Source: United States Navy

    SAN DIEGO –The Navy deployed two Arleigh Burke-class guided missile destroyers in mid-March to conduct border security objectives in support of the U.S. Northern Command southern border mission: the USS Gravely (DDG 107) to the Gulf of America and the Caribbean, and the USS Stockdale (DDG 106) to the Pacific Ocean. Earlier this summer, the USS Cole (DDG 67) relieved the USS Gravely after 83 days of service to the mission.

    MIL Security OSI –

  • MIL-OSI Security: Defense News in Brief: U.S. Navy, Marine Corps EOD technicians conduct live mine countermeasure operations with JMSDF during Iwo To Live Mine Exercise 2025

    Source: United States Navy

    IWO TO, Japan – U.S. Navy Explosive Ordnance Disposal (EOD) technicians assigned to Explosive Ordnance Disposal Mobile Unit (EODMU) 5 participated in Iwo To Live Mine Exercise (MINEX) 2025, a bilateral mine countermeasures (MCM) exercise hosted annually by the Japan Maritime Self-Defense Force (JMSDF) in the vicinity of Iwo To, Japan, May 29 to June 24.

    MIL Security OSI –

  • MIL-OSI Analysis: Jimmy Swaggart’s rise and fall shaped the landscape of American televangelism

    Source: The Conversation – USA (3) – By Diane Winston, Professor and Knight Center Chair in Media & Religion, USC Annenberg School for Communication and Journalism

    Rev. Jimmy Swaggart preaches at the Los Angeles Memorial Sports Arena on March 29, 1987. AP Photo/Mark Avery, file

    Jimmy Swaggart, one of the most popular and enduring of the 1980s televangelists, died on July 1, 2025, but his legacy lives.

    Along with Jerry Falwell and Pat Robertson, he drew an audience in the millions, amassed a personal fortune and introduced a new generation of Americans to a potent mix of religion and politics.

    Swaggart was an old-time evangelist whose focus was “saving souls.” But he also preached on conservative social issues, warning followers about the evils of abortion, homosexuality and godless communism.

    [Swaggart also denounced] what he called “false cults,” including Catholicism, Judaism and Mormonism. In fact, his denunciations of other religions, as well as his attacks on rival preachers, made him a more polarizing figure than his politicized brethren.

    As a reporter, I covered Swaggart in the 1980s. Now, as a scholar of American religion, I argue that while Swaggart did not build institutions like Falwell’s Moral Majority or Robertson’s 700 Club, he helped to spread right-wing positions on social issues, such as sexual orientation and abortion, and to shape the image of televangelists in popular culture..

    Swaggart’s cousins

    Born into a hardscrabble life in a small Louisiana town, Swaggart grew up alongside his cousins Jerry Lee Lewis, the future rockabilly pioneer, and future country singer Mickey Gilley.

    All three loved music and singing. They polished their playing on an uncle’s piano and sneaked into African American nightclubs to hear the jazz and blues forbidden by their parents.

    Jimmy Swaggart delivering a sermon at the Flora Blanca Stadium in El Salvador.
    Cindy Karp/Getty Images

    While Gilley and Lewis turned their musical talent into recording and performing careers, Swaggart felt called to the ministry. He dropped out of high school, married at 17, began preaching at 20 and was ordained at 26.

    He was licensed by the Assemblies of God, a Pentecostal denomination that believes the Holy Spirit endows believers with spiritual gifts that include speaking in tongues and faith healing.

    The glory years

    Pentecostals were nicknamed Holy Rollers because of their tendency to shake, quake and roll on the floor when feeling the Holy Spirit. Their preachers excelled at rousing audiences’ ardor, and Swaggart commanded the stage better than most. He paced, pounced and poured forth sweat while begging listeners to turn from sin and accept Jesus.

    Starting small, he drew crowds while preaching on a flatbed trailer throughout the South. His following grew, and in 1969 he opened the Family Worship Center in Baton Rouge.

    Evangelist Jimmy Swaggart leaves his office complex in Baton Rouge, La., on Jan. 7, 1977.
    AP Photo

    At capacity, the church held 10,000 worshippers, who represented a broad swath of America: young girls and grannies, white and Black, bankers and farmers. His sermons began calmly but built to a fever pitch. CBS newsman Dan Rather once called him the “country’s greatest speaker.”

    During services, Swaggart also sang and played piano. In 1982, Newsweek magazine noted his musical chops, naming him the “King of Honky Tonk Heaven.” His music crossed gospel, country and honky-tonk – songs with a strong rhythmic beat – and he sold 17 million albums over his lifetime.

    By 1975, Swaggart’s on-stage charisma powered the launch of a television ministry that would reach millions within a decade. Viewers were captivated by his soulful tunes and fire-and-brimstone sermons. At its height, Swaggart’s show was televised in 140 countries, including Peru, the Philippines and South Africa.

    His ministry also became the largest mail-order business in Louisiana, selling books, tapes, T-shirts and biblical memorabilia. Thanks to the US$150 million raised annually from donations and sales, Swaggart lived in an opulent mansion, possessed a private jet previously owned by the Rockefellers, sported a yellow gold vintage Rolex and drove a Jaguar.

    The downfall

    Swaggart disliked competition and had a history of humiliating rival preachers. Wary of the Rev. Marvin Gorman, a Pentecostal minister whose church also was in Louisiana, Swaggart accused the man of adultery. Gorman admitted his infidelity and was defrocked.

    Gorman had heard rumors about Swaggart’s own indiscretions, and he and his son decided to tail the famed evangelist. In 1988, they caught Swaggart at a motel with a prostitute, and Gorman reported the incident to Swaggart’s denomination. He also gave news outlets photos of Swaggart and the prostitute. In a tearful, televised apology, Swaggart pleaded for a second chance.

    While his fans were willing, the Assemblies of God had conditions: Swaggart received the standard two-year suspension for sexual immorality. Defying the ruling, Swaggart went back to work after three months, and the denomination defrocked him.

    A parishioner overcome with grief lies on steps to the altar after Jimmy Swaggart’s confession of sexual indiscretions.
    Thomas S. England/Getty Images

    Swaggart might have succeeded as an independent minister, but in 1991 the police stopped his car for driving on the wrong side of the road. Inside they found the preacher with a prostitute. This time, Swaggart did not ask for forgiveness. Instead, he informed his congregation, “The Lord told me it’s flat none of your business.”

    Afterward, Swaggart never regained his former standing. His mail-order business dried up, donations fell, and attendance at services cratered. But up until his death, he kept on, in his own words, as an “old-fashioned, Holy Ghost-filled, shouting, weeping, soul-winning, Gospel-preaching preacher.”

    Swaggart’s legacy

    Swaggart, like other 1980s televangelists, brought right-wing politics into American homes. But unlike Jerry Falwell and Pat Robertson, Swaggart was less interested in winning elections than saving souls. In fact, when Robertson considered a presidential run in 1988, Swaggart initially tried to dissuade him – then changed his mind and supported him.

    Swaggart’s calls for a return to conservative Christian norms live on – not just in Sunday sermons but also in today’s world of tradwives, abortion restrictions and calls to repeal gay marriage. His music lives on, too. The day before he died, the Southern Gospel Music Association Hall of Fame inducted him as a member.

    But his legacy also survives in popular culture. In recent years, both reality television and scripted series have starred preachers shaped in the image of Swaggart and his peers. Most exaggerate his worst characteristics for shock and comedic effect.

    “Preachers of L.A.,” a 2013 reality show that profiled six Los Angeles pastors, featured blinged-out ministers whose sermons mixed hip-hop with the Bible. The fictional “Greenleaf” followed the scandals of an extended family’s Memphis megachurch, while “The Righteous Gemstones,” a dark spoof of Southern preachers, turned a family ministry into a site for sex, murder and moneymaking.

    But these imitations can’t match the reality. Swaggart was a larger-than-life minister whose story – from small-town wannabe to disgraced pastor, to preaching to those who would listen – had it all: sex, politics, music and religion.

    For those who want a taste of the real thing, The King of Honky Tonk Heaven lives on. You can see his old services and Bible studies streaming daily on his network.

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

    – ref. Jimmy Swaggart’s rise and fall shaped the landscape of American televangelism – https://theconversation.com/jimmy-swaggarts-rise-and-fall-shaped-the-landscape-of-american-televangelism-260377

    MIL OSI Analysis –

  • MIL-OSI Analysis: Wildfire smoke can make your outdoor workout hazardous to your health – an exercise scientist explains how to gauge the risk

    Source: The Conversation – USA (3) – By John C. Quindry, Professor of Integrative Physiology and Athletic Training, University of Montana

    Air pollution from wildfire smoke can worsen heart and lung disease. helivideo/iStock via Getty Images Plus

    As the summer’s sunny days take hold, many people turn to outdoor exercise.

    But in parts of North America, pleasant weather often aligns with wildfire season. As summers get drier, both the frequency and the intensity of wildfires have grown, producing more polluting smoke.

    A fire’s smoke can spread across several states, leaving people at risk for the health consequences of air pollution.

    Exercisers and health experts are asking whether the benefits of outdoor exercise are negated when the skies are hazy with wildfire smoke.

    How does air pollution make people sick?

    Air pollution’s components depend on its source. For instance, traffic-related air pollution consists largely of vehicle exhaust and brake and tire wear, while industrial pollution contains significant amounts of ozone.

    Wildfires produce huge quantities of airborne particles, also called fine particulate matter. These particles are less than 2.5 micrometers in diameter – about a tenth the size of a pollen grain.

    Particles of that size, which air quality experts refer to as PM2.5, raise serious health concerns because they are tiny enough to be carried to the air sacs in the deepest parts of the lungs. From there, they can cross into the blood stream, leading to bodywide inflammation – essentially, the immune system’s fight response – which can promote or aggravate multiple chronic illnesses.

    Research shows that long-term exposure to wildfire smoke is linked to lung diseases, heart disease and other conditions. Since these illnesses take decades to develop, scientists think that the health problems caused by wildfire smoke inhalation accumulate after years of exposure.

    One-time smoke exposures may have cumulative effects

    My research team and others are investigating how short-term smoke exposure might also influence long-term health outcomes such as heart and lung diseases.

    Particulate matter from wildfire smoke can aggravate chronic illnesses.

    To estimate the effects of exposure from a single fire event, environmental scientists can study a variety of factors such as immune system markers of inflammation, signs of physiologic stress and changes in heart, blood vessel and nervous system function. How exactly smoke exposures worsen disease is still poorly understood, but these immediate responses in the body may also be linked to developing chronic disease.

    In a study published in June 2025, my colleagues and I examined these outcomes in healthy participants who exercised during a wildfire simulation in our air inhalation lab. The air was filtered to contain high concentrations of PM2.5 particles produced by burning local pine trees – the equivalent to being downwind of a major wildfire.

    We asked 20 generally healthy participants in their mid-20s to exercise on a stationary cycle at about half their maximum effort for two hours while breathing the smoke. We found that participants’ blood vessel and nervous system function declined immediately after their smoky exercise session. These stress indicators bounced back to normal within an hour of returning to a clean air environment.

    Half of our study participants had a heightened response to physiological stress, which scientists think may signify a heightened risk of chronic diseases. We selected them based on a stress test administered before the experiment: Specifically, their blood pressure spiked when their hands were dipped in ice water for two minutes. The stress-responsive participants experienced significantly stronger declines in blood vessel and nervous system function than people in the typical response group, suggesting that exercise in a very smoky climate may affect some people more than others.

    While it isn’t possible to predict who is most at risk, our study underscores the need to think carefully about exposure to wildfire smoke.

    How smoky is too smoky for outdoor exercise?

    Unfortunately, precise air quality thresholds based on factors such as age and medical condition do not exist. But some simple guidelines and considerations can help.

    The first step is to check the air quality where you live at the government website AirNow. It uses a scale called the Air Quality Index, created by the Environmental Protection Agency in 1999 – which ranks air quality regionally on a scale from 0 to 500. The website is searchable by ZIP code. The reading for a given region reflects the contribution of several pollutants, including PM2.5 levels.

    The Air Quality Index ranks air quality at six levels.
    U.S. Environmental Protection Agency

    When the air quality is ranked “good,” the decision is simple – get out there and enjoy the outdoors. And there is little debate that people should generally limit their outdoor exposure when air quality levels cross into the “unhealthy” threshold – or at least be aware that doing so poses health risks.

    The risks and benefits of exercising outdoors when air quality is in the “moderate” and “unhealthy for sensitive” ranges are less clear, particularly for people who don’t have chronic health conditions.

    Gauging your risk

    One major factor in deciding when and whether to exercise outdoors is your health status. AirNow recommends that people with chronic conditions err on the side of caution and remain indoors when smoke levels cause the air quality rating to approach the “unhealthy for sensitive” category.

    That advice may be obvious for people with diagnosed lung conditions such as asthma or chronic obstructive pulmonary disease, given that particles from wildfire smoke aggravate the lungs. But studies suggest it’s true for milder disease states, too. For example, a large study of people with elevated but not clinically high blood pressure indicated that those who lived downwind of air pollution were more likely to develop high blood pressure and, ultimately, heart disease.

    Another consideration is the time of day. As the afternoon heats up, the column of air we breathe expands, diluting the particulate counts. And afternoon winds frequently blow stagnant air out of the valleys and downtown areas where particulate matter can concentrate during the cooler parts of the day. That means evening workouts may be safer than early-morning ones, though direct confirmation with air quality readings is key.

    Also important is the intensity at which you exercise. Higher-intensity exercise means deeper, more frequent breathing, which likely elevates your exposure to harmful air. So you might choose a shorter jog over a longer run when air quality is moderate or poor.

    My lab is currently working to quantify how much pollution a person breathes in while exercising in smoky conditions, based on their exercise intensity, exercise duration and local particulate counts. This line of research is still in its infancy, but our early findings and other published research suggest that when wildfire smoke puts air quality into the “moderate” and “unhealthy for sensitive” range, people can dial down the effects of smoke exposure by decreasing their exercise intensity or the time they spend outside.

    John C. Quindry received funding from the United States Department of Agriculture Forest Service and the National Institutes of Health – INBRE/RAIN.

    – ref. Wildfire smoke can make your outdoor workout hazardous to your health – an exercise scientist explains how to gauge the risk – https://theconversation.com/wildfire-smoke-can-make-your-outdoor-workout-hazardous-to-your-health-an-exercise-scientist-explains-how-to-gauge-the-risk-255812

    MIL OSI Analysis –

  • MIL-OSI Analysis: The AI therapist will see you now: Can chatbots really improve mental health?

    Source: The Conversation – USA (3) – By Pooja Shree Chettiar, Ph.D. Candidate in Medical Sciences, Texas A&M University

    Chatbot ‘therapists’ use artificial intelligence to mimic real-life therapeutic conversations. Pooja Shree Chettiar/ChatGPT, CC BY-SA

    Recently, I found myself pouring my heart out, not to a human, but to a chatbot named Wysa on my phone. It nodded – virtually – asked me how I was feeling and gently suggested trying breathing exercises.

    As a neuroscientist, I couldn’t help but wonder: Was I actually feeling better, or was I just being expertly redirected by a well-trained algorithm? Could a string of code really help calm a storm of emotions?

    Artificial intelligence-powered mental health tools are becoming increasingly popular – and increasingly persuasive. But beneath their soothing prompts lie important questions: How effective are these tools? What do we really know about how they work? And what are we giving up in exchange for convenience?

    Of course it’s an exciting moment for digital mental health. But understanding the trade-offs and limitations of AI-based care is crucial.

    Stand-in meditation and therapy apps and bots

    AI-based therapy is a relatively new player in the digital therapy field. But the U.S. mental health app market has been booming for the past few years, from apps with free tools that text you back to premium versions with an added feature that gives prompts for breathing exercises.

    Headspace and Calm are two of the most well-known meditation and mindfulness apps, offering guided meditations, bedtime stories and calming soundscapes to help users relax and sleep better. Talkspace and BetterHelp go a step further, offering actual licensed therapists via chat, video or voice. The apps Happify and Moodfit aim to boost mood and challenge negative thinking with game-based exercises.

    Somewhere in the middle are chatbot therapists like Wysa and Woebot, using AI to mimic real therapeutic conversations, often rooted in cognitive behavioral therapy. These apps typically offer free basic versions, with paid plans ranging from US$10 to $100 per month for more comprehensive features or access to licensed professionals.

    While not designed specifically for therapy, conversational tools like ChatGPT have sparked curiosity about AI’s emotional intelligence.

    Some users have turned to ChatGPT for mental health advice, with mixed outcomes, including a widely reported case in Belgium where a man died by suicide after months of conversations with a chatbot. Elsewhere, a father is seeking answers after his son was fatally shot by police, alleging that distressing conversations with an AI chatbot may have influenced his son’s mental state. These cases raise ethical questions about the role of AI in sensitive situations.

    Guided meditation apps were one of the first forms of digital therapy.
    IsiMS/E+ via Getty Images

    Where AI comes in

    Whether your brain is spiraling, sulking or just needs a nap, there’s a chatbot for that. But can AI really help your brain process complex emotions? Or are people just outsourcing stress to silicon-based support systems that sound empathetic?

    And how exactly does AI therapy work inside our brains?

    Most AI mental health apps promise some flavor of cognitive behavioral therapy, which is basically structured self-talk for your inner chaos. Think of it as Marie Kondo-ing, the Japanese tidying expert known for helping people keep only what “sparks joy.” You identify unhelpful thought patterns like “I’m a failure,” examine them, and decide whether they serve you or just create anxiety.

    But can a chatbot help you rewire your thoughts? Surprisingly, there’s science suggesting it’s possible. Studies have shown that digital forms of talk therapy can reduce symptoms of anxiety and depression, especially for mild to moderate cases. In fact, Woebot has published peer-reviewed research showing reduced depressive symptoms in young adults after just two weeks of chatting.

    These apps are designed to simulate therapeutic interaction, offering empathy, asking guided questions and walking you through evidence-based tools. The goal is to help with decision-making and self-control, and to help calm the nervous system.

    The neuroscience behind cognitive behavioral therapy is solid: It’s about activating the brain’s executive control centers, helping us shift our attention, challenge automatic thoughts and regulate our emotions.

    The question is whether a chatbot can reliably replicate that, and whether our brains actually believe it.

    A user’s experience, and what it might mean for the brain

    “I had a rough week,” a friend told me recently. I asked her to try out a mental health chatbot for a few days. She told me the bot replied with an encouraging emoji and a prompt generated by its algorithm to try a calming strategy tailored to her mood. Then, to her surprise, it helped her sleep better by week’s end.

    As a neuroscientist, I couldn’t help but ask: Which neurons in her brain were kicking in to help her feel calm?

    This isn’t a one-off story. A growing number of user surveys and clinical trials suggest that cognitive behavioral therapy-based chatbot interactions can lead to short-term improvements in mood, focus and even sleep. In randomized studies, users of mental health apps have reported reduced symptoms of depression and anxiety – outcomes that closely align with how in-person cognitive behavioral therapy influences the brain.

    Several studies show that therapy chatbots can actually help people feel better. In one clinical trial, a chatbot called “Therabot” helped reduce depression and anxiety symptoms by nearly half – similar to what people experience with human therapists. Other research, including a review of over 80 studies, found that AI chatbots are especially helpful for improving mood, reducing stress and even helping people sleep better. In one study, a chatbot outperformed a self-help book in boosting mental health after just two weeks.

    While people often report feeling better after using these chatbots, scientists haven’t yet confirmed exactly what’s happening in the brain during those interactions. In other words, we know they work for many people, but we’re still learning how and why.

    AI chatbots don’t cost what a human therapist costs – and they’re available 24/7.

    Red flags and risks

    Apps like Wysa have earned FDA Breakthrough Device designation, a status that fast-tracks promising technologies for serious conditions, suggesting they may offer real clinical benefit. Woebot, similarly, runs randomized clinical trials showing improved depression and anxiety symptoms in new moms and college students.

    While many mental health apps boast labels like “clinically validated” or “FDA approved,” those claims are often unverified. A review of top apps found that most made bold claims, but fewer than 22% cited actual scientific studies to back them up.

    In addition, chatbots collect sensitive information about your mood metrics, triggers and personal stories. What if that data winds up in third-party hands such as advertisers, employers or hackers, a scenario that has occurred with genetic data? In a 2023 breach, nearly 7 million users of the DNA testing company 23andMe had their DNA and personal details exposed after hackers used previously leaked passwords to break into their accounts. Regulators later fined the company more than $2 million for failing to protect user data.

    Unlike clinicians, bots aren’t bound by counseling ethics or privacy laws regarding medical information. You might be getting a form of cognitive behavioral therapy, but you’re also feeding a database.

    And sure, bots can guide you through breathing exercises or prompt cognitive reappraisal, but when faced with emotional complexity or crisis, they’re often out of their depth. Human therapists tap into nuance, past trauma, empathy and live feedback loops. Can an algorithm say “I hear you” with genuine understanding? Neuroscience suggests that supportive human connection activates social brain networks that AI can’t reach.

    So while in mild to moderate cases bot-delivered cognitive behavioral therapy may offer short-term symptom relief, it’s important to be aware of their limitations. For the time being, pairing bots with human care – rather than replacing it – is the safest move.

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

    – ref. The AI therapist will see you now: Can chatbots really improve mental health? – https://theconversation.com/the-ai-therapist-will-see-you-now-can-chatbots-really-improve-mental-health-259360

    MIL OSI Analysis –

  • MIL-OSI Analysis: How weather changes cause migraines – a neurologist explains the triggers and what you can do to ease the pain

    Source: The Conversation – USA (3) – By Danielle Wilhour, Assistant Professor of Neurology, University of Colorado Anschutz Medical Campus

    Migraines can be debilitating – and frustrating when triggered by weather you can’t control. fizkes/iStock/Getty Images Plus

    “Is it just me, or is there a storm coming?”

    If you are one of the 39 million Americans in the U.S. living with migraines, there’s a good chance an intense headache will begin when the weather shifts.

    You aren’t alone. Studies find 30% to 50% of people with migraines identify some type of weather change as a trigger, making it the most commonly reported migraine source.

    Yet, it’s also one of the most puzzling.

    Some people are more sensitive to weather

    As a neurologist and headache specialist practicing in Colorado, a place with frequent weather shifts, patients often tell me that weather is one of their biggest migraine triggers. The results can disrupt work, school and social plans, and create a sense of helplessness.

    Doctors still don’t fully understand why some brains are more sensitive to environmental changes.

    What we do know is that people with migraines have especially sensitive nervous systems, and that certain environmental changes – like shifts in air pressure, temperature, humidity and air quality – can activate pathways in the brain that lead to pain.

    What’s going on in the brain during migraines? TEDx.

    Key ways weather can trigger migraines

    Weather triggers can vary from person to person, but there are a few common migraine culprits:

    Barometric pressure changes, or changes in atmospheric pressure, are among the most commonly cited triggers.

    When a storm system moves in, the air pressure drops. Some scientists believe this change may affect the pressure inside your head or how blood vessels in your brain dilate and constrict.

    One theory is that changes in barometric pressure may cause a small imbalance in the pressure between the inside of your skull and the outside environment. That might directly stimulate pain-sensitive nerves in the head, triggering inflammation and the start of a migraine.

    Others point to inflammation, the way the brain processes sensory input, and changes in serotonin levels – which play a key role in activating migraine.

    Temperature extremes, with very hot or very cold days, or sudden changes in temperature, can throw off the body’s internal balance. High humidity or rapid shifts in moisture levels can have a similar effect.

    Air pollutants like ozone and nitrogen dioxide can cause inflammation in the nerves that play a role in migraines.

    Bright sunlight can also be especially bothersome, likely due to heightened sensitivity to light and an overactive visual processing system in the brain.

    Lightning and strong winds may also be linked to migraine attacks in certain individuals.

    In short, weather changes can act as stressors on a brain that’s already wired to be more sensitive. The exact triggers and responses vary from person to person, but the research suggests that the interaction between weather and our biology plays a significant role for a subset of patients with migraines.

    Steps you can take to reduce the pain

    You can’t change the weather, but you can be proactive. Here are a few tips to help weather-proof your migraine routine:

    1. Track your migraines and watch the forecast: Use a migraine diary or app to track when attacks occur, along with weather conditions. Patterns may emerge, such as attacks a day before rain or during temperature changes, that will allow you to adjust your schedule or medication plan.

    2. Develop healthy eating, sleeping and exercise habits: Dehydration, poor sleep and skipped meals can magnify the effects of weather triggers, so keeping your body on an even keel helps reduce vulnerability. Regular exercise and a healthy diet can also help.

    3. Create a migraine-friendly environment: On days when the sun is harsh or the humidity is high, stay inside. Sunglasses, eye masks or even blue-light glasses can be helpful. Some people find that certain earplugs are able to reduce pressure changes felt in the middle ear.

    4. Try meditation, mindfulness techniques or biofeedback, which teaches people to moderate their physiological responses, such as muscle responses and breathing. These strategies can help your nervous system become less reactive over time, which can be especially helpful when dealing with uncontrollable triggers like weather.

    5. Consider pretreatment: If you know a storm is likely to trigger your migraines, you can keep rescue medications close by or even preemptively treat yourself during weather events.

    6. Look into preventive treatment: If weather triggers frequent migraines, talk to your health care provider about preventive treatments – medications, supplements or neuromodulation devices – which can be used on a regular basis to reduce migraine occurrence.

    The bigger picture

    It’s important to remember that while weather can be a trigger, it’s rarely the only one. Migraine is usually the result of a perfect storm of factors: genetic susceptibility, hormones, stress, sleep, food and, yes, the weather.

    That’s why identifying your personal triggers and building a plan, if necessary, with the support of a medical provider, can make a big difference in managing migraines.

    Weather-related migraine can be one of the most frustrating triggers because it feels completely out of your hands. However, with knowledge, tracking and the right treatment strategies, you can take back a sense of control.

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

    – ref. How weather changes cause migraines – a neurologist explains the triggers and what you can do to ease the pain – https://theconversation.com/how-weather-changes-cause-migraines-a-neurologist-explains-the-triggers-and-what-you-can-do-to-ease-the-pain-258899

    MIL OSI Analysis –

  • MIL-OSI Analysis: Why recycling solar panels is harder than you might think − an electrical engineer explains

    Source: The Conversation – USA (2) – By Anurag Srivastava, Professor of Computer Science and Electrical Engineering, West Virginia University

    Broken and worn-out solar panels can be recycled, but it’s not easy. Suzanne Kreiter/The Boston Globe via Getty Images

    It’s hard work soaking up sunlight to generate clean electricity. After about 25 to 30 years, solar panels wear out. Over the years, heating and cooling cycles stress the materials. Small cracks develop, precipitation corrodes the frame and layers of materials can start to peel apart.

    In 2023, about 90% of old or faulty solar panels in the U.S. ended up in landfills. Millions of panels have been installed worldwide over the past few decades – and by about 2030, so many will be ready to retire that they could cover about 3,000 football fields.

    As an electrical engineer who has studied many aspects of renewable energy, recycling solar panels seems like a smart idea, but it’s complicated. Built to withstand years of wind and weather, solar panels are designed for strength and are not easy to break down.

    All of these solar panels will need to be disposed of one day – perhaps by being recycled.
    David McNew/Getty Images

    The cost conundrum

    Sending a solar panel to a landfill costs between US$1 and $5 in the U.S. But recycling it can cost three to four times as much, around $18. And the valuable materials inside solar panels, such as silver and copper, are in small amounts, so they’re worth about $10 to $12 – which makes recycling a money-losing prospect. Improvements in the recycling process may change the economics.

    But for now, it’s even hard to reclaim the glass in solar panels. Many layers are glued together and need to be separated before they can be melted down for reuse. And if the separation is not precise enough, the glass that is recovered won’t be of high enough quality to use in making other solar panels or windows. It will be suitable only for lower-quality uses such as fill material in construction projects.

    Other panels, usually older ones, may contain small amounts of toxic metals such as lead or cadmium. It can be difficult to tell whether toxic materials are present, though. Even experts have trouble, in part because current tests, such as the toxicity characteristic leaching procedure, can give inaccurate results. Therefore, many companies that own large numbers of solar panels just assume their panels are hazardous waste, which increases costs for both disposal and recycling. Clearer labels would help people know what a solar panel contains and how to handle it.

    If someone wants to recycle a solar panel, and is willing to bear the cost, there aren’t many places in the U.S. that are willing to do it and are equipped to be safe about it.

    Recycling solar panels can involve detailed manual labor.
    AP Photo/Gregory Bull

    Designing for a new life

    Despite the Trump administration’s cuts to subsidies for solar projects, millions of solar panels are already in use in the U.S., and millions more are expected to be installed worldwide in the coming years. As a result, the solar industry is working on ways to minimize waste and repeatedly reuse materials.

    Some ideas include sending used solar panels that still work at least a bit to developing nations, or even reusing them within the U.S. But there are not clear rules or processes for connecting reused panels to the power grid, so reuse tends to happen in less common, off-grid situations rather than becoming widespread.

    Future solar panels could also be designed for easier recycling, using different construction methods and materials, and improved processing systems.

    Making panels last longer – perhaps as long as 50 years – using more durable materials, weather-resistant components, real-time monitoring of panel performance and predictive maintenance to replace parts before they wear out would reduce waste significantly.

    Building solar panels that are more easily disassembled into separate components made of different materials could also speed recycling. Components that fit together like Lego bricks – instead of using glue – or dissolvable sealants and adhesives could be parts of these designs.

    Improved recycling methods could also help. Right now, panels are often simply ground up, mixing all of their components’ materials together and requiring a complicated process to separate them out again for reuse. More advanced approaches can extract individual materials with high purity. For example, a process called salt etching can recover over 99% of silver and 98% of silicon, at purity levels that are appropriate for high-end reuse, potentially even in new solar panels, without using toxic acids. That method can also recover significant quantities of copper and lead for use in new products.

    Crushing solar panels can make different materials easier to recover from various components.
    AP Photo/Gregory Bull

    A shared journey

    Increasing the practice of recycling solar panels has more than just environmental benefits.

    Over the long term, recovering and reusing valuable materials may prove more cost-effective than continually buying new raw materials on the open market. That could lower costs for future solar panel installations. If they are fully reused, the value of these recoverable materials could reach over $15 billion globally by 2050.

    In addition, recycling panels and components reduces American reliance on materials imported from overseas, making solar power projects less vulnerable to global disruptions.

    Recycling also keeps toxic materials out of landfills. That can help ensure a shift to clean energy doesn’t create new or bigger environmental problems. Also, recycling solar panels emits far less carbon dioxide than manufacturing panels from raw materials.

    There are already some efforts underway to boost solar panel recycling. The Solar Energy Industries Association trade group is working to collect and share information about companies that recycle solar panels.

    Governments can provide tax breaks or other financial incentives for using recycled materials, or ban disposing of solar panels in landfills. California, Washington, New Jersey and North Carolina have enacted laws or are studying ways to manage solar panel waste, with some even requiring recycling or reuse.

    These efforts are important steps toward addressing the growing need for solar panel recycling and promoting a more sustainable solar industry.

    Anurag Srivastava receives funding from the US Department of Energy and National Science Foundation to work on renewable energy integration into the grid. He is an IEEE Fellow and member of the IEEE Power and Energy Society and CIGRE working groups.

    – ref. Why recycling solar panels is harder than you might think − an electrical engineer explains – https://theconversation.com/why-recycling-solar-panels-is-harder-than-you-might-think-an-electrical-engineer-explains-259115

    MIL OSI Analysis –

  • MIL-OSI Analysis: Trump’s ‘big’ bill gives millions of taxpayers a new charitable tax break, but whether it will help nonprofits is unclear

    Source: The Conversation – USA (2) – By Daniel Hungerman, Professor of Economics, University of Notre Dame

    Tax policy changes can influence how much Americans donate. Douglas Rissing/iStock via Getty Images Plus

    The multitrillion-dollar bill that President Donald Trump signed into law on July 4, 2025, will change how the U.S. tax code treats charitable donations. It also has several tax provisions that affect some colleges, universities and other nonprofits. The Conversation U.S. asked Daniel Hungerman, an economist who studies charitable activities and public policy, to explain how these tax policies could influence charitable giving and affect nonprofits.

    What will change for donors?

    The consequences generally vary depending on how much money a donor gives to charity. They also depend on whether a donor claims the standard deduction – as about 90% of U.S. taxpayers have done since the 2017 tax reforms took effect during the first Trump administration – or itemizes their tax returns.

    Anyone taking the standard deduction, which will rise in 2025 to US$15,750 for an individual and $31,500 for married couples filing jointly, will get a new broadly available tax break of up to $1,000 for giving to a charitable nonprofit if they file on their own. Married couples filing jointly may deduct $2,000 from their taxable income if they give at least that amount to charity. To put this into sharper perspective, the average middle-income household gives about $3,300 annually.

    Americans who give a bit more than the typical donor – say, between $5,000 and $20,000 – will see major changes too. In some places, it will become easier for people to deduct more of the amount they pay in state and local taxes from their federal taxes – at least for a few years. Those taxpayers may also deduct their charitable giving from their income when they file their taxes.

    But there’s a new catch. People who itemize their taxes can’t claim the charitable deduction unless they give at least the equivalent of 0.5% of their adjusted gross income to charity. For example, someone who earns $100,000 a year would have to donate at least $500 to qualify for this tax break.

    A similar new catch will apply to corporate donations: Unless corporations give at least 1% of their taxable income to charity, they will no longer get a charitable tax deduction.

    The tax law also revises a rule that limits how much the biggest donors can give to charity and still get a tax break.

    What could that mean for charitable giving?

    Based on my research on tax policies and donations, I don’t expect the $1,000 charitable deduction for taxpayers who take the standard deduction to boost giving. The government has tried this before.

    The first time was in the 1980s. Starting in 1982, people taking the standard deduction could take a charitable deduction. The amount changed annually. In 1984, for example, it was $75 – $236 in 2025 dollars. Congress ended this experiment with the 1986 tax reforms.

    There was also a temporary $300 charitable deduction for people who took the standard deduction in 2020.

    The results were underwhelming both times, for two reasons.

    First, the maximum size of those tax breaks was too small in those earlier efforts. Many people were already giving enough to max out this new benefit. When that happens, the government is giving up tax revenue without encouraging people to donate more.

    To be fair, there are a couple of reasons that things might be better this time. First, $1,000 in 2025 – or $2,000 for married couples filing jointly – is more money than the $300 deduction in 2020. Also, this time it is permanent. A permanent provision gives charities time to publicize the bill and people time to learn about it.

    Another concern with this bill is that Americans who have not given to charity in the past might not begin to open their wallets but will still try to get the new $1,000 charitable deduction anyway by lying about it on their tax returns. There is evidence that a growing number of taxpayers try to game the tax system this way. The only way to stave off that sort of tax evasion would require additional work by the IRS, costing more tax dollars.

    This part of the tax law also sends a message that giving is not just for the wealthy, but that everyone can do it and get a tax break for it. That could help halt or reverse a decline in gifts from people who aren’t rich. And it makes me wonder whether a charitable deduction for people who don’t itemize their tax returns will work better this time around.

    What’s happening to higher education?

    The government will raise its tax on the income earned by the endowments held by some colleges and universities from 1.4% to as much as 8%. The system is complicated and hinges on how large an endowment is per student enrolled. Colleges attended by fewer than 3,000 students don’t have to pay this tax.

    Endowments are pooled financial investments that belong to a nonprofit. Those assets usually come from donations, and the income they earn typically flows into the nonprofit’s budget.

    Several prominent schools are bracing for higher taxes. Yale University, for example, says it will have to pay $280 million once this goes into effect.

    The higher endowment tax is unlikely to raise a whole lot of tax revenue, but it could force some schools to scale back financial aid, hike tuition or freeze hiring.

    What about K-12 schools?

    Perhaps the most significant change will be a new federal K-12 educational tax credit. Starting in 2027, it will be available to help offset the cost of private K-12 school tuition or other educational expenses, such as homeschooling. If someone makes a $1 gift to a nonprofit scholarship-granting organization – which would then deliver those funds to the school the donor designates – the government will cut their tax bill by $1. This tax credit can be worth up to $1,700 per year.

    Many details about how this system would work are yet to be determined.

    I believe that this provision could mark another step in the transformation of how private schools are funded in the United States. Beyond that, many private schools are run by churches, and many churches running schools already get large amounts of their funding from vouchers issued by state and local governments. Ultimately, private K-12 education could become an increasing source of revenue for churches.

    What about nonprofits that provide social services?

    Even if the megabill boosts charitable giving, nonprofits providing social services are likely to find themselves financially squeezed.

    That’s because the bill also cuts spending and tightens eligibility restrictions on the Supplemental Nutrition Assistance Program, also known as food stamps, and Medicaid, the public health insurance program that mainly covers people who are low-income or have disabilities.

    I have researched the effects of the welfare reforms President Bill Clinton signed into law in 1996. One of my findings was that when the government cut spending on safety net programs by a dollar, charities, including churches, stepped in to provide 25 cents of services or more. But for every extra dollar needed to compensate for lost government spending, donors only gave 5 cents more.

    Another concern is that this bill makes permanent increases in the standard deduction – which I’ve found to have historically lowered charitable giving considerably. Perhaps the deduction for people who don’t itemize their tax returns, together with the state-and-local-taxes change, will counteract this trend. But it is certainly possible that Americans will give less to charity starting in 2025 compared with a world where there were no Trump tax reforms at all.

    Daniel Hungerman is a professor at the University of Notre Dame, and a Research Associate at the National Bureau of Economic Research.

    – ref. Trump’s ‘big’ bill gives millions of taxpayers a new charitable tax break, but whether it will help nonprofits is unclear – https://theconversation.com/trumps-big-bill-gives-millions-of-taxpayers-a-new-charitable-tax-break-but-whether-it-will-help-nonprofits-is-unclear-260379

    MIL OSI Analysis –

  • MIL-OSI Analysis: Dune patterns in California desert hold clues that help researchers map Mars’ shifting sands

    Source: The Conversation – USA – By Lauren Berger, Ph.D. Student in Geology, Texas A&M University

    The author did some of her fieldwork at the Algodones Dunes in California. Ryan Ewing

    Our two-person team loaded the car with a GPS, a drone, notebooks, sample bags, a trowel and a flat spatula lovingly called a scoopula. Then we drove 30 minutes in our rented truck from Yuma, Arizona, to the Algodones Dunes, a sandy field bordering California, Arizona and Mexico. The day was sunny, with a strong breeze. Turning off the highway, we carefully headed onto a gravelly path that acted as our road.

    After making decent – if bumpy – progress, we pulled off onto the sand flats and drove slowly toward the dunes, worried we might get stuck in the sand. Having arrived on the outskirts of the Algodones, we stopped and loaded our backpacks, then set off into the desert on foot.

    The coarse- and fine-grained sand at the Algodones Dunes.
    Lauren Berger

    It was November 2022. As a graduate student at Texas A&M University, I was beginning part of my Ph.D. research with my adviser, geology professor Ryan Ewing. We were looking for coarse-grained sand ripples, which are patterned piles of sand shaped by wind. Sand ripples and sand dunes are types of aeolian bedforms, which are wind-created geologic features.

    Aeolian bedforms are common on Earth and across the solar system, including on Mars, Venus, Pluto, the Saturn moon Titan, the Neptune moon Triton, and Comet 67P. These geological features, among the first landforms observed by remote images of planetary surfaces, are robust indicators of a world’s wind patterns.

    Flying a drone at Algodones. Note the GPS on the tripod, and a GPS target on the ground, which was also a landing pad for the drone.
    Ryan Ewing

    Measuring sand patterns in person

    The shapes and patterns of aeolian bedforms can reveal the environmental conditions that created them.

    Two sizes of the same bedform, such as small dunes on top of big dunes, are called compound bedforms. I study compound bedforms at two scales – the meter- and centimeter-sized coarse-grained ripples at the dunes here on Earth, and the kilometer- and meter-sized dunes on Mars.

    At the Algodones, I measured the height of each large coarse-grained sand ripple and the distance between neighboring ripples. Then we flew our drone low and steady, above the ripples, to create high-resolution images. The drone data allows us to do further measurements on the ripples later, back at my desk.

    On that day, I learned an essential rule of fieldwork in the desert: Don’t forget a shovel. Otherwise, if your vehicle gets stuck, as ours did, you’ll have to dig it out by hand. Luckily for us, a dune buggy driver passing by helped us out and we were able to get back to Yuma in time for dinner.

    High-resolution drone images of the sand ripples at Algodones.
    Lauren Berger

    My introduction to Mars

    I first became interested in aeolian bedforms during my sophomore year of college, when I interned at the NASA Jet Propulsion Laboratory. My job was to view surface images of Mars and then map the sand ripples in the regions where Perseverance, the Mars rover, might land. I assessed the areas where ripples could be hazards – places where the rover could get stuck in the sand, the way our rental truck did in the Algodones.

    I mapped those sand ripples on Mars for two years. But while I mapped, I became fascinated with the patterns the ripples made.

    A potential compound dune on Mars.
    NASA/JPL-Caltech

    Now, as a graduate student and aspiring planetary geologist, my time is split between work in the field and at my computer, where I have stitched together the drone’s photographs of the Algodones to create a large image of the entire study area. I then look for compound dunes on the Martian surface in images taken by the Mars reconnaissance orbiter’s context camera.

    Scientists already know about Earth’s weather patterns, sand grain size and wind data. By measuring different parts of bedforms on both planets – such as their height, shape and spacing – I can compare the similarities and differences of the bedforms to find clues to the wind patterns, grains and atmosphere on Mars. Slowly but surely, as I listen to Studio Ghibli soundtracks, I’m creating the first database of compound dunes on Mars.

    Two dune fields on Mars, both inside an impact crater.
    NASA/JPL-Caltech

    Developing this database is essential to the proposed human mission to Mars. Dust storms are frequent, and some can encircle the entire planet. Understanding aeolian bedforms will help scientists know where to put bases so they don’t get buried by moving sand.

    It is wonderful to spend an afternoon ping-ponging all over a planet that’s 140 million miles from us, seeing gorgeous terrain while I try to answer questions about the compound dunes on Mars. How common are they? Where do they form? How do they compare to those on Earth? I hope to answer these questions as I work toward earning my Ph.D in geology.

    Lauren Berger receives funding from NASA FINESST. Lauren Berger would like to acknowledge the help of her mentors Dr. Ryan Ewing (NASA Johnson Space Center), Dr. Marion Nachon (Texas A&M University), and Dr. Julia Reece (Texas A&M University).

    – ref. Dune patterns in California desert hold clues that help researchers map Mars’ shifting sands – https://theconversation.com/dune-patterns-in-california-desert-hold-clues-that-help-researchers-map-mars-shifting-sands-251761

    MIL OSI Analysis –

  • MIL-OSI Russia: China takes steps to combat smuggling of strategic minerals

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 10 (Xinhua) — China has taken measures to crack down on smuggling of strategic minerals while continuing to process legitimate applications for their export for civilian use, Ministry of Commerce spokeswoman He Yongqian said Thursday.

    Responding to a question about strategic minerals reportedly transiting to the United States, He Yongqian said at a press conference that strategic minerals such as antimony and gallium have obvious dual-use properties, and export controls on them are in line with internationally accepted practices.

    In order to resolutely prevent the illegal export of such minerals, China launched a special operation to combat their smuggling in May this year, He Yongqian said, adding that relevant information is available on the ministry’s website.

    She stressed that China, as a responsible major country, fully takes into account the reasonable civilian needs of various countries for these strategic minerals.

    China reviews applications for export licenses in accordance with laws and regulations and approves those that meet the requirements, she said. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI USA: An Interview with Foreign Law Intern at the Law Library of Congress, Raksmei Dara

    Source: US Global Legal Monitor

    Today’s blog post is an interview with a foreign law intern at the Law Library of Congress, Raksmei Dara. She works with Foreign Law Specialist Sayuri Umeda in the Global Legal Research Directorate. 

    Describe your background.

    My name is Raksmei Dara, but people call me Mei. I was born in the heart of Phnom Penh city, Cambodia. I have an older brother, and I am the youngest one in my family.

    What is your academic/ professional history?

    I have a bachelor’s degree in law from the American University of Phnom Penh and a Bachelor of Arts in law from the University of Arizona. I interned at the Fraud Prevention Unit in the U.S. Consular Affairs Office at the United States Embassy in Cambodia during my undergraduate program. Shortly after, I was offered a scholarship from Pennsylvania State University for an LL.M. program, where I earned my concentration in international, foreign, and comparative law. While at Penn State, I was chosen and coached as a competitor for Penn State Law in the Willem C. Vis International Commercial Moot Court Competition 2025. That is when my passion for international law grew.

    How do you describe your job to other people?

    I am a foreign law intern in the Global Legal Research Directorate of the Law Library of Congress. I research and analyze Cambodian legal frameworks, draft articles on new laws and other regulations, and compile those findings into clear, up-to-date reports and articles for our global audience.

    Why did you want to work at the Law Library of Congress?

    The Law Library of Congress is an open door for me to deepen my legal skills, gain new research knowledge, and collaborate with incredible scholars from around the world. Most importantly, the Library of Congress is a place of rich history and unparalleled resources, making it the perfect stepping stone for my legal career. I am grateful to have such an honorable institution like the Law Library of Congress as part of my legal professional journey.

    What is the most interesting fact you have learned about the Law Library of Congress?

    I am blown away by how professional and talented everyone is in the workplace. The Library of Congress feels like a jungle of unmatched resources and archival treasures you simply cannot find anywhere else in the world. Its global network of scholars and the depth of its collections make it a truly one-of-a-kind institution that words cannot do justice.

    What’s something most of your co-workers do not know about you?

    I always find myself interested in the psychology behind laws and how law shapes both legislation and enforcement.

    Subscribe to In Custodia Legis – it’s free! – to receive interesting posts drawn from the Law Library of Congress’s vast collections and our staff’s expertise in U.S., foreign, and international law.

    MIL OSI USA News –

  • MIL-OSI Security: Readout of the Vice Chairman of the Joint Chiefs of Staff Adm. Christopher Grady’s Meeting with Papua New Guinea Prime Minister James Marape

    Source: US Defense Joint Chiefs of Staff

    Vice Chairman of the Joint Chiefs of Staff Adm. Christopher Grady welcomed Papua New Guinea Prime Minister James Marape to Washington, D.C., on Tuesday, July 9, 2025, as part of the United States’ continued focus on strengthening defense relationships across the Pacific Islands region.

    MIL Security OSI –

  • MIL-OSI Security: Readout of the Vice Chairman of the Joint Chiefs of Staff Adm. Christopher Grady’s Meeting with Papua New Guinea Prime Minister James Marape

    Source: US Defense Joint Chiefs of Staff

    Vice Chairman of the Joint Chiefs of Staff Adm. Christopher Grady welcomed Papua New Guinea Prime Minister James Marape to Washington, D.C., on Tuesday, July 9, 2025, as part of the United States’ continued focus on strengthening defense relationships across the Pacific Islands region.

    MIL Security OSI –

  • MIL-OSI: PMGC Holdings Inc. Completes Acquisition of Custom IT Packaging Company Pacific Sun Packaging with Over $2,000,000 in Combined Revenue for Fiscal Years 2023 and 2024

    Source: GlobeNewswire (MIL-OSI)

    • Serves over 300 Commercial Clients including Data Centers, Technology Manufacturers and Information Technology (IT) Service Providers.
    • Adds cash flow positive revenue, enhances PMGC’s exposure to U.S. semiconductor and artificial intelligence (“AI”) infrastructure growth, and marks the launch of its strategic acquisition program targeting U.S. businesses.

    NEWPORT BEACH, Calif., July 10, 2025 (GLOBE NEWSWIRE) — PMGC Holdings Inc. (Nasdaq: ELAB) (the “Company,” “PMGC,” “we,” or “us”), a diversified public holding company, today announced that it has completed the acquisition of Pacific Sun Packaging Inc. (“Pacific Sun”) a specialized custom IT packaging company based in San Clemente, California.

    About Pacific Sun Packaging Inc.

    Founded in 2011, Pacific Sun Packaging Inc. is a specialty packaging provider focused on high-precision, component-level packaging solutions for the electronics and information technology (“IT”) hardware industries. The company designs and supplies custom-engineered protective packaging for delicate components such as central processing units (CPUs), memory modules (DIMMs and SO-DIMMs), solid state drives (SSDs), hard disk drives (HDDs), and fiber-optic transceivers, serving customers across the semiconductor, data center, and networking equipment supply chains.

    Pacific Sun’s solutions are built to meet the demanding durability, antistatic protection, and dimensional requirements of sensitive electronic parts during storage, shipping, and integration. Its products are widely used by original equipment manufacturers (OEMs), distributors, and contract manufacturers requiring scalable, reliable, and technically compliant packaging options. Known for its engineering agility, fulfillment reliability, and component-specific packaging expertise, the company operates a lean, cash-generative model from its base in San Clemente, California.

    In fiscal years 2023 and 2024, Pacific Sun generated combined revenue of $2,151,418.

    Strategic Rationale

    The acquisition of Pacific Sun marks the first completed transaction in PMGC’s broader acquisition strategy, which targets businesses with consistent earnings, strong fundamentals, and scalable platforms. Pacific Sun operates in a specialized and growing segment of the packaging industry, supported by long-standing customer relationships, high service reliability, and deep expertise in meeting the complex needs of the technology supply chain. The company’s ability to deliver tailored, component-specific solutions with speed and consistency has made it a trusted partner to electronics and IT hardware providers navigating increased demand and supply chain complexity.

    PMGC plans to work closely with Pacific Sun’s existing leadership to identify and execute growth initiatives, including the buildout of a dedicated sales function, targeted marketing investments, and operational enhancements. With the right capital and strategic support, Pacific Sun is well-positioned to expand its commercial footprint and serve a broader range of customers in the growing electronics and logistics ecosystem.

    “Pacific Sun Packaging represents everything we look for in a foundational operating platform: consistent profitability, customer loyalty, and strategic exposure to macro tailwinds,” said Graydon Bensler, Chief Executive Officer of PMGC Holdings Inc, managed through GB Capital Ltd. “As semiconductor, electronics manufacturing, and AI data centers increasingly move back onshore, and demand for servers, memory, and IT components continues to grow, we believe this business is well-positioned to scale with America’s advanced manufacturing revival, and we are excited to help meet that demand.”

    Industry Outlook

    The U.S. market for custom IT and electronics packaging is poised for multi-year growth. According to industry data:

    • The North American electronics packaging market exceeded $8 billion in 2023.1
    • Demand is driven by the cloud, data center, and AI hardware boom, with memory modules and optical networking components requiring high-spec packaging solutions.
    • The CHIPS and Science Act is incentivizing domestic production, increasing demand for U.S.-based packaging partners.
    • E-commerce growth and stricter sustainability regulations are reshaping packaging needs—rewarding suppliers that offer recyclable, efficient, and customizable designs.

    PMGC acquired 100% of the issued and outstanding shares of Pacific Sun for $1,148,000 in cash, with an additional $250,000 earnout contingent on the company achieving $1,145,915 in revenue over the 12-month period following closing.

    About PMGC Holdings Inc.

    PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.

    Forward-Looking Statements

    Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as “believes,” “expects,” “plans,” “potential,” “would” and “future” or similar expressions such as “look forward” are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC’s filings with the United States Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

    Investor Relations Contact:

    IR@pmgcholdings.com

    1North America Consumer Electronics Packaging Market Report – Industry Trends and Forecast to 2031 | Data Bridge Market Research

    The MIL Network –

  • MIL-OSI: Reliance Global Group Reduces Debt by 50%, Cutting Annual Debt Service by Over $1.8 Million

    Source: GlobeNewswire (MIL-OSI)

    LAKEWOOD, NJ, July 10, 2025 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: RELI) (“Reliance,” “we,” “us,” “our” or the “Company”) today announced that it has repaid approximately $5.55 million, or approximately 50% of its long term debt, a strategic action that reduces its leverage, strengthens its balance sheet, and enhances financial flexibility. The repayments were funded through proceeds from the recently announced asset sale of Fortman Insurance Services, a wholly owned subsidiary, which generated $5.0 million in cash for the Company, with the remainder coming from the release of cash collateral held in our restricted cash accounts. As a result, annual principal, interest and service fee payments are expected to decline from approximately $2.95 million to $1.1 million — a reduction of over $1.8 million, or 61%.

    “Reducing our debt by approximately 50% marks a transformative milestone for Reliance and is a direct result of the financial execution and operational improvements made across the business,” said Ezra Beyman, CEO of Reliance Global Group. “This achievement reflects the strength of our cash position and our commitment to long-term financial health. By lowering our annual debt service obligations by over $1.8 million, we are meaningfully enhancing our cash flow profile. These steps also create greater flexibility to support strategic initiatives, such as our planned acquisition of Spetner Associates (“Spetner”).”

    Joel Markovits, Chief Financial Officer of Reliance Global Group, added, “Deleveraging our balance sheet has been a long-term goal for the Company, and also partially executes on our strategy to fund the Spetner deal by enhancing our leverage ratio, which often is a key factor to investors and lenders. Our disciplined approach to managing cash flows, expenditures and capital allocation, reflects our fiscal responsibility and strategic focus on long-term value creation that will support exponential operational growth, wider margins, and greater returns to our investors and shareholders.”

    About Reliance Global Group, Inc.

    Reliance Global Group, Inc. (NASDAQ: RELI) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products. Further information about the Company can be found at https://www.relianceglobalgroup.com.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by terminology such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” and similar expressions. Forward-looking statements in this press release include, without limitation, statements regarding:

    • Our expectations regarding the financial and operational benefits of our recent debt reduction, including enhanced cash flow, reduced debt service obligations, and improved financial flexibility;
    • Our belief that these improvements strengthen our ability to support strategic initiatives, including the planned acquisition of Spetner Associates, Inc.;
    • Our expectation that the Spetner acquisition will be completed on commercially reasonable terms and will meaningfully contribute to our cash flow and long-term value creation;
    • Our intention to continue leveraging our scalable InsurTech platform and streamlined capital structure to pursue margin expansion and operating leverage; and
    • Other statements relating to our future growth, financial performance, business strategy, and operational execution.

    These forward-looking statements are based on a number of assumptions, including that the Spetner acquisition will proceed as expected; projected cash flow benefits and operating synergies will materialize; integration risks will be effectively managed; and no material adverse changes will occur in market, economic, or regulatory conditions. There can be no assurance that these assumptions will prove accurate.

    Actual results could differ materially from those anticipated due to a variety of risks and uncertainties, including: delays or failure to complete the Spetner acquisition; challenges in realizing anticipated cost savings or cash flow improvements; unexpected integration issues; competitive pressures in the InsurTech and insurance agency markets; adverse economic or regulatory developments; and other factors described under “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission.

    You are encouraged to carefully review our Annual Report on Form 10-K for the year ended December 31, 2024, as amended, as well as other SEC filings, for a more complete discussion of these and other risks and uncertainties. Except as required by law, Reliance Global Group, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

    Contact:
    Crescendo Communications, LLC
    Tel: +1 (212) 671-1020
    Email: RELI@crescendo-ir.com 

    The MIL Network –

  • MIL-OSI: Byrna Technologies Reports Fiscal Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., July 10, 2025 (GLOBE NEWSWIRE) — Byrna Technologies Inc. (“Byrna” or the “Company”) (Nasdaq: BYRN), a personal defense technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions, today reported select financial results for its fiscal second quarter ended May 31, 2025.

    Fiscal Second Quarter 2025 and Recent Operational Highlights

    • Launched the Byrna Compact Launcher (CL), a 38% smaller launcher than the flagship Byrna SD that delivers the same force per square inch as the Byrna LE. The CL is now available for purchase on Amazon and is featured in Amazon’s Prime Day sales event from July 8-11, 2025.
    • Expanded Byrna’s store-within-a-store concept with Sportsman’s Warehouse, now operating in 12 stores with an additional 10 stores expected to open in the third quarter.
    • Successfully ramping company-owned retail locations launched earlier this year. Byrna’s five locations combined averaged $69,000 in sales during May. Notably, the Scottsdale location reached a sales run rate comparable to Byrna’s long-established Las Vegas store within just a few months of opening.
    • Added Tucker Carlson to the roster of celebrity influencers to amplify brand awareness and promote the normalization of less-lethal solutions.

    Fiscal Second Quarter 2025 Financial Results
    Results compare the fiscal second quarter ended May 31, 2025 (“Q2 2025”) to the fiscal second quarter ended May 31, 2024 (“Q2 2024”) unless otherwise indicated.

    Net revenue for Q2 2025 grew 41% year-over-year to $28.5 million from $20.3 million in Q2 2024. The strong year-over-year growth was primarily attributable to the launch of the CL, increased dealer sales, and broader brand adoption.

    Gross profit for Q2 2025 increased to $17.6 million (62% of net revenue) from $12.6 million (62% of net revenue) in Q2 2024, reflecting the strong increase in sales. The introduction of the CL contributed to a favorable product sales mix that offset any decrease due to a change in channel mix which resulted in stronger dealer sales.

    Operating expenses for Q2 2025 were $14.2 million, compared to $10.6 million for Q2 2024. The increase was primarily due to higher variable selling expenses, payroll costs, and increased discretionary marketing spend.

    Net income for Q2 2025 was $2.4 million, an increase from $2.1 million for Q2 2024, driven by an overall increase in product sales which was partially offset with higher income tax expense for the quarter.

    Adjusted EBITDA1, a non-GAAP metric reconciled below, for Q2 2025 totaled $4.3 million, compared to $2.8 million in Q2 2024.

    Cash, cash equivalents and marketable securities at May 31, 2025 totaled $13.0 million compared to $25.7 million at November 30, 2024. The decrease reflects the planned increase in inventory ahead of the Compact Launcher release and normal seasonal working capital movements. Inventory at May 31, 2025 totaled $32.3 million, compared to $20.0 million at November 30, 2024. The Company has no current or long-term debt.

    Management Commentary
    Byrna CEO Bryan Ganz stated: “The launch of the Byrna CL in May helped us deliver a record $28.5 million in revenue for the second quarter. Despite overall softness in consumer spending, our focused marketing and retail expansion strategies allowed us to continue growing our total addressable market and reach new milestones. Looking ahead, we expect that the CL will be a larger part of our sales mix, especially now that it is available to customers on Amazon.

    “Our dealer channel is also becoming a larger percentage of total sales, increasing 106% in the second quarter, supported by our partnership with Sportsman’s Warehouse. We’ve successfully rolled out the first 12 store-within-a-store locations and plan to add another 10 stores in the third quarter in addition to 38 stores with a point of sale display.

    “Our company-owned stores continue to outperform expectations, with five locations collectively averaging $69,000 in sales during May. Our Scottsdale location, which has only been open for a few months, is already performing at levels similar to our longstanding retail store in Las Vegas. We believe our company-owned stores will continue to perform well and become strong contributors as we further increase local and national brand awareness.

    “On the marketing front, we continue to diversify our approach. We recently added Tucker Carlson to our roster of celebrity influencers, and while it is still early, initial web traffic trends have been encouraging. Additionally, we’ve begun integrating AI tools into our content production, which is already helping us accelerate creative testing and expand our marketing reach.

    “Operationally, we have adjusted production to align with current demand following the CL launch and elevated inventory build. Ahead of the CL debut, production was running heavy in an effort to prepare for the launch. We are now producing at a steady state pace of 15,000 units per month and have implemented a more efficient assembly structure that allows us to maintain output with a smaller, more agile workforce.

    “Looking ahead, we expect consumer sentiment to remain subdued, which may continue to limit near-term revenue upside. However, we are confident that the growing momentum of the CL and our expanding retail presence position us well to deliver strong year-over-year growth in the second half of the year. We also expect our cash position to increase as our heightened inventory levels normalize over the coming quarters. While the third quarter is typically a seasonally slower period for Byrna, we remain focused on executing against our operational priorities, expanding market awareness, and setting the stage for a strong finish to the year.”

    Conference Call
    The Company’s management will host a conference call today, July 10, 2025, at 9:00 a.m. Eastern time (6:00 a.m. Pacific time) to discuss these results, followed by a question-and-answer period.

    Toll-Free Dial-In: 877-709-8150
    International Dial-In: +1 201-689-8354
    Confirmation: 13754369

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

    The conference call will be broadcast live and available for replay here and via the Investor Relations section of Byrna’s website.

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

    Forward-Looking Statements
    This news release contains “forward-looking statements” within the meaning of the securities laws. All statements contained in this news release, other than statements of current and historical fact, are forward-looking. Often, but not always, forward-looking statements can be identified by the use of words such as “plans,” “expects,” “intends,” “anticipates,” and “believes” and statements that certain actions, events or results “may,” “could,” “would,” “should,” “might,” “occur,” or “be achieved,” or “will be taken.” Forward-looking statements include descriptions of currently occurring matters which may continue in the future. Forward-looking statements in this news release include but are not limited to our statements related to our expected sales during the second half of fiscal year 2025, the expected expansion of Byrna’s store-within-a-store partnership with Sportsman’s Warehouse, expected sales trends for the Byrna CL, Byrna’s expectations regarding sales at its retail stores, benefits from new marketing partnerships, the expected benefits from AI integration with manufacturing and testing, the expected benefits from a leaner workforce, expectations regarding consumer sentiment and seasonal sales variations, and potential increases in our cash position. Forward-looking statements are not, and cannot be, a guarantee of future results or events. Forward-looking statements are based on, among other things, opinions, assumptions, estimates, and analyses that, while considered reasonable by the Company at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies, and other factors that may cause actual results and events to be materially different from those expressed or implied.

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

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

    -Financial Tables to Follow-

    BYRNA TECHNOLOGIES INC.
    Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
    (Amounts in thousands except share and per share data)
    (Unaudited)
                       
        For the Three Months Ended   For the Six Months Ended  
        May 31   May 31  
          2025       2024       2025       2024    
    Net revenue   $ 28,505     $ 20,269     $ 54,695     $ 36,923    
    Cost of goods sold     10,941       7,709       21,207       14,724    
    Gross profit     17,564       12,560       33,488       22,199    
    Operating expenses     14,238       10,647       28,466       20,450    
    INCOME FROM OPERATIONS     3,326       1,913       5,022       1,749    
    OTHER INCOME (EXPENSE)                  
    Foreign currency transaction loss     (135 )     (220 )     (215 )     (279 )  
    Interest income     116       323       303       604    
    Income from joint venture     –       62       –       20    
    Other income     18       2       17       3    
    INCOME BEFORE INCOME TAXES     3,325       2,080       5,127       2,097    
    Income tax expense     (898 )     (3 )     (1,038 )     (3 )  
    NET INCOME (LOSS)   $ 2,427     $ 2,077     $ 4,089     $ 2,094    
                       
    Foreign currency translation adjustment for the period     76       144       (54 )     29    
    Unrealized gain on marketable securities     17       –       77       –    
    COMPREHENSIVE INCOME (LOSS)   $ 2,520     $ 2,221     $ 4,112     $ 2,123    
                       
    Basic net income (loss) per share   $ 0.11     $ 0.09     $ 0.18     $ 0.09    
    Diluted net income (loss) per share   $ 0.10     $ 0.09     $ 0.17     $ 0.09    
                       
    Weighted-average number of common shares outstanding – basic     22,668,546       22,728,500       22,628,270       22,383,769    
    Weighted-average number of common shares outstanding – diluted     23,951,297       23,731,076       24,021,948       22,942,530    
     
    BYRNA TECHNOLOGIES INC.
    Condensed Consolidated Balance Sheets
    (Amounts in thousands, except share and per share data)
               
        May 31   November 30,  
          2025       2024    
        Unaudited      
    ASSETS          
    CURRENT ASSETS          
    Cash and cash equivalents   $ 7,001     $ 16,829    
    Marketable Securities     5,984       8,904    
    Accounts receivable, net     6,536       2,630    
    Inventory, net     32,286       19,972    
    Prepaid expenses and other current assets     3,931       2,623    
    Total current assets     55,738       50,958    
    LONG TERM ASSETS          
    Deposits for equipment     1,981       2,665    
    Right-of-use-asset, net     2,262       2,452    
    Property and equipment, net     6,844       3,408    
    Intangible assets, net     3,215       3,337    
    Goodwill     2,258       2,258    
    Deferred tax asset     4,797       5,837    
    Other assets     355       1,007    
    TOTAL ASSETS   $ 77,450     $ 71,922    
               
    LIABILITIES          
    CURRENT LIABILITIES          
    Accounts payable and accrued liabilities   $ 14,377     $ 13,108    
    Operating lease liabilities, current     652       539    
    Deferred revenue, current     335       1,791    
    Total current liabilities     15,364       15,438    
    LONG TERM LIABILITIES          
    Deferred revenue, non-current     15       17    
    Operating lease liabilities, non-current     1,935       2,098    
    Total liabilities     17,314       17,553    
               
               
    STOCKHOLDERS‘ EQUITY          
    Preferred stock     –       –    
    Common stock     25       25    
    Additional paid-in capital     134,739       133,029    
    Treasury stock     (21,308 )     (21,253 )  
    Accumulated deficit     (52,694 )     (56,783 )  
    Accumulated other comprehensive loss     (626 )     (649 )  
               
    Total Stockholders’ Equity     60,136       54,369    
               
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 77,450     $ 71,922    
               

    Non-GAAP Financial Measures

    In addition to providing financial measurements based on generally accepted accounting principles in the United States (GAAP), we provide an additional financial metric that is not prepared in accordance with GAAP (non-GAAP) with presenting non-GAAP adjusted EBITDA. Management uses this non-GAAP financial measure, in addition to GAAP financial measures, to understand and compare operating results across accounting periods, for financial and operational decision making, for planning and forecasting purposes and to evaluate our financial performance. We believe that this non-GAAP financial measure helps us to identify underlying trends in our business that could otherwise be masked by the effect of certain expenses that we exclude in the calculations of the non-GAAP financial measure.

    Accordingly, we believe that this non-GAAP financial measure reflects our ongoing business in a manner that allows for meaningful comparisons and analysis of trends in the business and provides useful information to investors and others in understanding and evaluating our operating results, enhancing the overall understanding of our past performance and future prospects.

    This non-GAAP financial measure does not replace the presentation of our GAAP financial results and should only be used as a supplement to, not as a substitute for, our financial results presented in accordance with GAAP. There are limitations in the use of non-GAAP measures, because they do not include all the expenses that must be included under GAAP and because they involve the exercise of judgment concerning exclusions of items from the comparable non-GAAP financial measure. In addition, other companies may use other non-GAAP measures to evaluate their performance, or may calculate non-GAAP measures differently, all of which could reduce the usefulness of our non-GAAP financial measure as a tool for comparison.
             

    Adjusted EBITDA

    Adjusted EBITDA is defined as net (loss) income as reported in our condensed consolidated statements of operations and comprehensive (loss) income excluding the impact of (I) depreciation and amortization; (ii) income tax provision (benefit); (iii) interest income (expense); (iv) stock-based compensation expense, (v) impairment loss, and (vi) one time, non-recurring other expenses or income. Our Adjusted EBITDA measure eliminates potential differences in performance caused by variations in capital structures (affecting finance costs), tax positions, the cost and age of tangible assets (affecting relative depreciation expense) and the extent to which intangible assets are identifiable (affecting relative amortization expense). We also exclude certain one-time and non-cash costs. Reconciliation of Adjusted EBITDA to net (loss) income, the most directly comparable GAAP measure, is as follows (in thousands):

          For the Three Months Ended   For the Six Months Ended  
          May 31   May 31  
            2025       2024       2025       2024    
    Net Income (Loss)   $ 2,427     $ 2,077     $ 4,089     $ 2,094    
                         
    Adjustments:                  
      Interest income     (116 )     (323 )     (303 )     (604 )  
      Income tax expense     898       3       1,038       3    
      Depreciation and amortization     252       165       437       335    
    Non-GAAP EBITDA   $ 3,461     $ 1,922     $ 5,261     $ 1,828    
                         
    Stock-based compensation expense     723       858       1,562       1,796    
    Severance/Separation/Officer recruiting     116           246       175    
    Non-GAAP adjusted EBITDA   $ 4,300     $ 2,780     $ 7,069     $ 3,799    
                         

    1 See non-GAAP financial measures at the end of this press release for a reconciliation and a discussion of non-GAAP financial measures.

    The MIL Network –

  • MIL-OSI: Award-Winning Producer Doug Grau to Spearhead Creation of American Rebel Productions, a New Content Arm of American Rebel Holdings, Inc.

    Source: GlobeNewswire (MIL-OSI)

    NASHVILLE, TN, July 10, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), the creator of American Rebel Beer (americanrebelbeer.com) and a leading designer and marketer of branded safes, personal security products, and patriotic apparel, today announced plans to expand its brand platform through the formation of a new wholly owned subsidiary, American Rebel Productions, LLC.

    As part of this strategic initiative, the Company has entered into a professional services agreement with Award-winning producer and music industry veteran Doug Grau, who will serve as a strategic advisor to CEO Andy Ross. Grau will assist in developing a business strategy for the new division, which will focus on content creation and brand storytelling aligned with the Company’s patriotic mission. Upon formal establishment of the subsidiary, Grau is expected to serve as its initial President.

    Doug Grau, a veteran music industry executive and original co-founder of American Rebel Holdings, Inc., has played a key role in the Company’s early brand development and creative direction. His longstanding collaboration with CEO Andy Ross helped shape the Company’s identity as “America’s Patriotic Brand.”

    From Song to Brand: The Origin of American Rebel

    Grau and Ross have completed three albums together and have begun recording a fourth studio album. Ross’s three released albums – You Ain’t Seen Crazy Yet (2011), Cold Dead Hand (2013), and Time to Fight (2016) – benefited from Grau’s 40+ years of music industry experience. The first completed track for Time to Fight was the single “American Rebel,” a song that would become far more than just a title.

    The message and energy behind “American Rebel” were immediately recognized as more than a song – it was a mission statement. That moment sparked the founding of American Rebel Holdings, Inc. in 2014, grounded in the belief that the song embodied the values, spirit, and lifestyle of a patriotic American brand. The company was built around that vision, transforming a powerful anthem into a multifaceted business rooted in patriotism and the unwavering belief in chasing the American dream.

    Grau and Ross recently completed a new video for Ross’s single “I Stand For You.” The video was filmed during Ross’s recent concert celebrating the 250th birthday of the United States Army. Watch the video by clicking here.

    Doug Grau’s Industry Legacy

    Grau brings over four decades of experience in entertainment and media. He spent 15 years at Warner Bros. Nashville (1983–1998), where he was instrumental in developing the careers of artists such as Travis Tritt, Little Texas, David Ball, Jeff Foxworthy, and Bill Engvall. He also produced the original Blue Collar Comedy Tour LIVE CD featuring Foxworthy, Engvall, Larry the Cable Guy, and Ron White. In 2002, Grau produced the video and audio recording of the Statler Bros. Farewell Concert, which aired nationally on PBS and earned an RIAA Gold DVD award. He later published Statler Bros: Random Memories in 2008, co-written by founding members Harold and Don Reid.

    In conjunction with this transition, Grau has agreed to officially step down from his current roles as President and Interim Principal Accounting Officer of American Rebel Holdings, Inc. As planned, Darin Fielding will assume the role of Principal Accounting Officer, and Corey Lambrecht, the Company’s current Chief Operating Officer, will take on the additional role of President. These leadership changes are designed to align the Company’s executive structure with its strategic growth initiatives and operational priorities.

    Expanding the Brand Through Content

    American Rebel Productions will be tasked with developing original content that amplifies the Company’s patriotic identity and connects with its growing customer base. CEO Andy Ross emphasized the importance of this next phase:

    “We’ve always believed in the power of storytelling to build loyalty around the American Rebel brand. This planned new venture will allow me to continue working directly with Doug to leverage his exceptional talent and decades of experience in content creation. Together, we’ll amplify our message, elevate our brand, and ensure that everything we produce resonates deeply with our customers and reinforces the patriotic values at the heart of American Rebel.”

    Strategic Growth and Diversification

    The formation of American Rebel Productions reflects the Company’s broader strategy to diversify its revenue streams and deepen customer engagement. By leveraging media and entertainment, American Rebel Holdings, Inc. aims to enhance brand visibility and support the growth of its core product lines, including American Rebel Light Beer, branded safes, and patriotic apparel. In addition, the Company will continue to pursue strategic licensing opportunities that align with its brand values and expand its reach into complementary markets.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) is a designer, manufacturer, and marketer of branded safes, personal security and self-defense products, and patriotic apparel. The Company recently expanded into the beverage industry with the launch of American Rebel Light Beer. Learn more at americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.

    Watch the story behind American Rebel as told by CEO Andy Ross: The American Rebel Story

    Media Contact:
    Matt Sheldon
    Matt@Precisionpr.co
    917-280-7329

    Investor Relations: info@americanrebel.com| ir@americanrebel.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of our continued sponsorship of high profile events, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    The MIL Network –

  • MIL-OSI: GraniteShares Announces Weekly Distributions for its YieldBOOST ETFs: NVYY, TQQY, TSYY, XBTY, and YSPY

    Source: GlobeNewswire (MIL-OSI)

    New York, July 10, 2025 (GLOBE NEWSWIRE) — GraniteShares today announced the weekly distributions for its GraniteShares YieldBOOST ETFs: NVYY, TQQY, TSYY, XBTY, and YSPY, as shown in the table below.

    ETF Ticker ETF Name Distribution Frequency Distribution per Share Distribution Rate1,3 30-Day SEC Yield2 ROC4 Ex-Date & Record Date5,6 Payment Date7
    NVYY GraniteShares YieldBOOST NVDA ETF Weekly $ 0.5130 100.04 % 0.00 % 0.00 % July 11, 2025 July 15, 2025
    TQQY GraniteShares YieldBOOST QQQ ETF Weekly $ 0.1829 49.94 % 0.54 % 0.00 % July 11, 2025 July 15, 2025
    TSYY GraniteShares YieldBOOST TSLA ETF Weekly $ 0.2424 140.46 % 0.21 % 99.50 % July 11, 2025 July 15, 2025
    XBTY GraniteShares YieldBOOST Bitcoin ETF Weekly $ 0.4766 100.30 % 0.23 % 7.86 % July 11, 2025 July 15, 2025
    YSPY GraniteShares YieldBOOST SPY ETF Weekly $ 0.1935 50.09 % 0.91 % 0.00 % July 11, 2025 July 15, 2025

    Distributions are not guaranteed

    Standardized Performance and Fund details can be obtained by clicking the ETF Ticker in the table above or by visiting us at www.graniteshares.com.

    1The Distribution Rate shown is as of based of the NAV per share as of July 09, 2025, adjusted for corporate actions. the Distribution Rate is the annual rate an investor would receive if the most recent distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return to the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing it by the most recent NAV adjusted for corporate actions.

    2The 30-Day SEC Yield represents the net investment income (excluding option income) earned by the ETF over the 30-day period ended June 30, 2025. It is expressed as an annualized percentage rate based on the ETF’s share price at the end of that period. This metric does not reflect the total income generated by the fund, as it excludes option premium income central to the YieldBOOST strategy.

    3Each GraniteShares YieldBOOST ETF seeks to generate income by selling put options on the underlying asset. While this strategy can generate attractive premiums, it generally caps the upside potential of the ETF. If the reference asset appreciates significantly, the ETF will not fully participate in those gains. However, if the reference asset declines in value, the ETF may experience losses that are not offset by the income received. Investors may be exposed to downside risk while forgoing upside participation.

    4ROC or Return of Capital indicates how much the distribution reflects an investor’s initial investment. The figures shown for each Fund in the table above are estimates based on the latest 19a1 forms and may later be determined to be taxable net investment income, short-term gains, long-term gains (to the extent permitted by law), or return of capital. Actual amounts and sources for tax reporting will depend upon the Fund’s investment activities during the remainder of the fiscal year and may be subject to changes based on tax regulations. Your broker will send you a Form 1099-DIV for the calendar year to tell you how to report these distributions for federal income tax purposes.

    5Ex-Date: The first day an ETF trades without the right to receive the upcoming distribution 

    6Record Date: The cut-off date set by the company to determine which ETF holders are eligible to receive the distribution

    7Payment Date: Date on which the distribution is paid to eligible ETF holders.

    Fund shareholders are not entitled to any distribution paid by the Underlying ETFs.

    GraniteShares Advisors LLC has contractually agreed to waive its fees and/or pay for operating expenses of the Fund to ensure that total annual fund operating expenses (exclusive of any (i) interest, (ii) brokerage fees and commission, (iii) acquired fund fees and expenses, (iv) fees and expenses associated with instruments in other collective investment vehicles or derivative instruments (including for example options and swap fees and expenses), (v) interest and dividend expense on short sales, (vi) taxes, (vii) other fees related to underlying investments (such as option fees and expenses or swap fees and expenses), (viii) expenses incurred in connection with any merger or reorganization or (ix) extraordinary expenses such as litigation) will not exceed 1.15%. This agreement is effective until December 31, 2025, and it may be terminated before that date only by the Trust’s Board of Trustees. GraniteShares Advisors LLC may request recoupment of previously waived fees and paid expenses from the Fund for three years from the date such fees and expenses were waived or paid, if such reimbursement will not cause the Fund’s total expense ratio to exceed the expense limitation in place at the time of the waiver and/or expense payment and the expense limitation in place at the time of the recoupment.

    This website and its content have been provided by GraniteShares.

    Fund is newly launched and has risks associated with its limited operating history.

    The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. Performance current to the most recent month-end can be obtained by calling (844) 476 8747.

    Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a Prospectus or summary prospectus with this and other information about the Funds, please call (844) 476 8747 or. Read the prospectus or summary prospectus carefully before investing.

    The Distribution Rate and 30-Day SEC Yield is not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Additional fund risks can be found below.

    An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as option contracts and swaps are subject to market risks that may cause their price to include Risk of the Underlying ETF, Derivatives Risk, Affiliated Fund Risk, Put Writing Strategy Risk, Option Market Liquidity Risk, Counterparty Risk, Distribution Risk, & NAV Erosion Risk Due to Distribution. These and other risks can be found in the prospectus.

    There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment.

    An Investment in the Fund is not an investment in the Underlying ETFs

    – The Fund’s strategy will cap its potential gain if the Underlying ETFs share increases in value.
    – The Fund’s strategy is subject to all potential losses if the Underlying ETFs share decline, which may not be offset by the income received by the Fund,
    – The Fund does not invest directly in the Underlying ETFs,
    – Fund shareholders are not entitled to any distribution paid by Underlying ETFs.

    Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from the returns.

    This information is not an offer to sell or a solicitation of an offer to buy the shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.

    THE FUNDS AREDISTRIBUTED BY ALPS DISTRIBIUTORS, INC. GRANITESHRES IS NOT AFFILIATED WITH ALPS DISTRIBUTORS, INC.

    ©2025 GraniteShares Inc. All rights reserved. GraniteShares, GraniteShares ETFS, and the GraniteShares logo are registered and unregistered trademarks of GraniteShares Inc., in the United States and elsewhere. All other marks are the property of their respective owners.

    Media Contact:
    GraniteShares Inc.
    Attn: Media Relations
    222 Broadway, 21st Floor
    New York, NY 10038
    844-476-8747
    info@graniteshares.com

    The MIL Network –