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Category: Politics

  • MIL-OSI USA: SEN ELIZABETH WARREN: Social Security is under attack. Gutting it is a broken promise

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    April 15, 2025

    We shouldn’t be cutting Social Security services and threatening Americans’ benefits — we should be making the program stronger

    Gutting Social Security isn’t “efficient” — it’s a broken promise. Democrats and Republicans should stand up and fight back to protect it.

    Social Security is not charity. Americans pay in, paycheck after paycheck, over a lifetime of hard work. When they get older, they get that money back to help them retire. That’s the iron-clad, take-it-to-the-bank promise that America makes to workers.

    But right now, Social Security is under attack like it has never been before. Billionaire Commerce Secretary Howard Lutnick said seniors won’t complain if they miss a Social Security check. Elon Musk called Social Security the “world’s biggest Ponzi scheme.” Musk then sent his Department of Government Efficiency (DOGE) to gut the agency by indiscriminately firing workers, closing down offices, and trying to cut phone services.

    What does it mean to slash staff and services with no rhyme or reason? Two things: more mistakes in delivering checks to Americans, and fewer workers to fix those mistakes. And when people don’t get their checks, that’s a cut to the benefits they have earned.

    Mistakes are already showing up. After DOGE got its hands on Social Security, Ned, a retiree from Washington state, was marked “dead” in the Social Security system — despite being very much alive. He had $5,000 in benefits snatched right out of his bank account (paid while he was “dead”) and his monthly checks ceased. Ned spent weeks trying to fix the mistake and still hasn’t gotten paid back for two months of missing checks.
    Or take Tom and Chris from Westborough, Massachusetts, whose son has autism. For years, disability benefits through Social Security have helped pay for his care. And for years, those benefits have come through on time, without fail. But when they checked their son’s Social Security account recently, his benefits had been terminated. No explanation — just stopped. The money eventually came through, but it led to panic over how they would pay the bills.

    And while people aren’t getting their checks, there are fewer Social Security workers to help fix problems. Slashing staff and shutting down regional offices means Americans are forced to drive hours to get help with their applications or missing benefits. Once they get to an office, the lines can be out the door. They wait hours before they can get help — if they get help at all.

    Elon Musk and DOGE claim the reason they’re hacking away at people’s Social Security is to cut down on “extreme levels of fraud,” saying tens of millions of dead people over the age of 100 are getting payments. But even current Social Security Acting Administrator Leland Dudek — put in place by Donald Trump in February — contradicts that claim.
    Here’s the thing: if Elon Musk and DOGE truly want to cut waste, fraud, and abuse in the federal government, there are easy ways to do it. I gave them 30 suggestions that would cut $2 trillion in government waste. Gutting the Social Security Administration so that it works worse for our seniors, veterans, and Americans with disabilities is not one of those ways.
    But don’t just take it from me. President George W. Bush’s Social Security Administration Commissioner said that if Elon Musk and DOGE wanted to make changes to increase efficiency at the agency, they could, “but we’re doing it the way that 22-year-old frat boys that have never seen the system think is a good idea, and that’s a mistake.”
    Musk himself said he’ll make mistakes, and it’s clear that coming for Social Security is a giant one. If he’s really honest enough to admit his own mistakes, why doesn’t he reverse course? Instead of recognizing that DOGE’s Social Security takeover is only hurting Americans, he’s doubling down, even encouraging President Trump to make the same false claims. President George W. Bush’s Social Security Commissioner called it “a real disservice to President Trump.” More importantly, it’s a deep disservice to the American people.
    We shouldn’t be cutting Social Security services and threatening Americans’ benefits — we should be making the program stronger. People are struggling with sky-high prices while their retirement savings are evaporating. We need a temporary increase in benefits right now to give people some relief. We should also protect the long-term security of the system by lifting the cap on the amount millionaires and billionaires pay into Social Security, which would also yield enough money to permanently expand benefits.
    Social Security shouldn’t be a partisan issue. It was first created by a nearly unanimous vote by members of Congress from both parties. Even now, as gutting the agency has become a key part of the administration’s agenda, Republicans know that DOGE’s “efficiency” mission isn’t working. They’re seeing reports of long lines at offices, long waits on the phone, and website crashes from their own constituents in places like Arizona, Indiana, and Pennsylvania. So where are they? Why are Democrats the only ones concerned about what happens with Social Security?
    Social Security isn’t something we give away out of the goodness of our hearts. It’s something Americans earned over a lifetime of hard work — an ironclad contract that they can count on. Now, Donald Trump, Musk, and DOGE are trying to skip out on that contract and calling it “efficient.” But it isn’t efficiency — it’s a broken promise to the American people, and Democrats and Republicans alike should stand up and fight back.
    Read the op-ed on Fox News here. 

    By:  Senator Elizabeth Warren
    Source: Fox News

    Previous Article

    MIL OSI USA News –

  • MIL-OSI USA: Cantwell Celebrates Wenatchee Confluence Parkway Groundbreaking, Made Possible by Her Freight-Focused Grant Program

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    04.17.25
    Cantwell Celebrates Wenatchee Confluence Parkway Groundbreaking, Made Possible by Her Freight-Focused Grant Program
    Project is part of the Apple Capital Loop, which received $92M from Cantwell-led program & will help Central WA’s tree fruit growers get their products to market faster; Cantwell: “I can tell you one thing: Wenatchee is on the move”
    WENATCHEE – Today, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, joined local leaders in a groundbreaking celebration for the Confluence Parkway Phase I project, the next step of the Wenatchee Valley’s 15-year effort to expand its transportation network.
    “When you’re making infrastructure investment, you should try to prioritize projects that move freight – and that is because they grow jobs, they grow the economy, they help us get products to market,” Sen. Cantwell said. “I just want to give my congratulations today to everybody that’s been working hard on this. I know that the Confluence project obviously is going to solve some of those transportation challenges by reducing that congestion – 4,000 trucks travel through the area each day, as well as 24 trains […] all of this is going to make Wenatchee a little bit better, from this transportation infrastructure investment.”
    “What a great day for the Confluence Project. What a great day for Wenatchee,” she continued. “I can tell you one thing: Wenatchee is on the move.”
    Phase I of the Confluence Parkway Project will include:
    Elimination of two highway rail grade crossings by constructing an underpass at McKittrick Street and an overpass North Miller Street
    1.25 miles of new street for motorists, pedestrians, and bicyclists
    Extension of McKittrick Street from North Wenatchee Ave to the waterfront
    New signalized intersection at Maple Street
    New roundabout intersection
    Direct access to parks and trails
    The Confluence Parkway project is part of the Wenatchee’s transformative Apple Capital Loop, a network of projects that make up the transportation backbone for Chelan and Douglas Counties and includes several key components that provide connectivity for freight, vehicles, bicycles, and pedestrians. Planning for the Apple Capital Loop began 15 years ago when the City of Wenatchee and regional partners started working on a transportation solution to meet the demands of the local Wenatchee Valley, which is the economic, government, medical, and services center of the region. Overall, Apple Capital Loop project will increase the traffic capacity of the Loop by about 60,000 vehicles per day, saving freight and motorists 32 million hours over the next 20 years – that’s 4,000 fewer hours spent in traffic, every day, for the next two decades. The project will also significantly improve wildfire safety for the region by adding two new evacuation routes out of Wenatchee.
    In 2021, the project received a $92 million federal grant from the Infrastructure for Rebuilding America (INFRA) program, $80 million of which is being used by this Phase I of the Confluence Parkway project. The reminder will be used to support future phases. The INFRA grant program was imagined, developed, and pushed through Congress by Sen. Cantwell as part of the FAST Act of 2015 and received a 78% funding increase in the 2021 Bipartisan Infrastructure Law, bringing the program’s total funding $8 billion. The INFRA Program provides financial support to nationally and regionally significant freight and highway projects. In 2022, Sen. Cantwell joined then-Department of Transportation Secretary Pete Buttigieg in Wenatchee to celebrate the $92 million INFRA grant award.
    The Wenatchee Valley is a key transportation hub for Washington state’s $2.6 billion tree fruit industry. According to the City, $1 billion worth of tree fruit travels through Wenatchee’s transportation network annually in order to reach terminals around the Puget Sound for distribution. This activity has resulted in increased congestion and delayed freight access to nearby cold storage facilities and fruit packing warehouses on North Wenatchee Avenue.
    Video of the press conference is available HERE; audio is HERE; and a transcript of Sen. Cantwell’s speech is HERE.

    MIL OSI USA News –

  • MIL-OSI Canada: Interim chief medical officer of health appointed

    Alberta’s government welcomes Dr. Sunil Sookram as interim Chief Medical Officer of Health, effective immediately. This temporary appointment ensures continuity while arrangements are finalized for a longer-term appointment. Additional updates will be shared in the coming weeks as the process progresses.

    “Dr. Sookram has served Albertans through emergency medicine throughout his career. He brings a wealth of experience to this interim role. I appreciate his willingness to serve in this capacity on a temporary basis as we work to finalize the candidate for the interim Chief Medical Officer of Health position. I also wish to thank Dr. Mark Joffe for his service and dedication over the past three years.”

    Adriana LaGrange, Minister of Health

    Dr. Sookram currently serves as facility medical director and chief of medical staff at Strathcona Community Hospital. He is also a clinical professor in the Department of Emergency Medicine at the University of Alberta and practises as an emergency physician at the University of Alberta Hospital. He brings years of front-line experience and leadership to the interim role. He also has recent experience working within Alberta Health. Through this period of transition Dr. Sookram will also be supported by Zone Medical Officers of Health at Alberta Health Services.

    “I’m happy to serve as Alberta’s interim chief medical officer of health. I look forward to working with the government, my colleagues and health partners to promote and protect the health of all Albertans.”

    Dr. Sunil Sookram, interim chief medical officer of health

    The Chief Medical Officer of Health plays a key role in monitoring and supporting public health, advising on disease control, and helping guide population health efforts across the province. The position acts as a liaison between the government and Alberta Health Services, medical officers of health and executive officers in administering the act.

    Current measles information

    As of April 17, there have been 89 confirmed measles cases in Alberta. Of those, 83 individuals are now past the period of communicability.

    Measles is an extremely contagious disease that spreads easily through the air. While outbreaks can happen, they are preventable. The measles vaccine is highly effective and offers strong protection against infection and complications from the disease. Albertans can protect themselves, their loved ones and people around them by ensuring their measles immunizations are up to date.

    In Alberta, the MMR primary series is administered at 12 months and 18 months of age. In January 2021, Alberta changed its immunization schedule for the second dose of measles-containing vaccine from four to six years to 18 months, primarily to support children entering daycare, pre-school programs and kindergarten.

    As of April 17, all infants six to 12 months travelling outside of Canada are eligible for a null dose. In addition, infants six to 12 months travelling to or through areas where measles is spreading in Canada are also eligible. This includes:

    1. Alberta: Central Zone, South Zone, and Areas 1 and 8 in North Zone
    2. Ontario: Southwestern region

    If you have any questions about measles or immunizations, please contact your primary care provider such as your doctor, pharmacist, midwife, nurse practitioner or public health nurse.

    If you don’t know you or your child’s immunization history, text “vaccine record” to 88111, call Health Link at 811, or call your local public health or community health centre.

    Related information

    • Measles
    • Measles exposures in Alberta

    MIL OSI Canada News –

  • MIL-OSI China: China, Cambodia agree to build all-weather community with shared future in new era

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

    China, Cambodia agree to build all-weather community with shared future in new era

    Chinese President Xi Jinping holds talks with Cambodian Prime Minister Hun Manet at the Peace Palace in Phnom Penh, Cambodia, April 17, 2025. [Photo/Xinhua]

    PHNOM PENH, April 17 — Chinese President Xi Jinping and Cambodian Prime Minister Hun Manet on Thursday agreed to build an all-weather China-Cambodia community with a shared future in the new era, and designated 2025 the China-Cambodia Year of Tourism.

    Xi said the ironclad friendship between China and Cambodia enjoys a profound history, a solid political foundation and a strong internal driving force, adding that no matter how the international situation changes, the two countries have always been at the forefront of building a community with a shared future for mankind.

    Xi noted that at present, changes unseen in a century are accelerating, saying that deepening the building of the China-Cambodia community with a shared future is fully in line with the fundamental interests of the two peoples.

    China will, as always, support Cambodia in following a development path that suits its national conditions, support the Cambodian government’s successful governance of the country, and back Cambodia in playing a more important role in international and regional affairs, he added.

    Xi called on both sides to take the building of an all-weather China-Cambodia community with a shared future in the new era as a new starting point, build on the momentum, continue to implement a new action plan on building the China-Cambodia community with a shared future, strengthen unity and cooperation, and speed up the implementation of the Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative.

    He also urged the two sides to deepen political mutual trust at a higher level, expand mutually beneficial cooperation of higher quality, consolidate security guarantees of a higher level, carry out people-to-people and cultural exchanges at a higher frequency, and strengthen strategic coordination of higher standards, so as to bring greater benefits to the two peoples.

    The Chinese president called for maximizing the role of the China-Cambodia Intergovernmental Coordination Committee, ensuring the strategic dialogues between the foreign and defense ministers of the two countries a success, strengthening exchanges through such channels as political parties and legislative bodies, jointly addressing risks and challenges, and safeguarding the common interests of both sides.

    The Chinese side, Xi said, is ready to share opportunities and seek common development with Cambodia.

    He called on both sides to vigorously promote high-quality Belt and Road cooperation, and continuously enrich the “Diamond Hexagon” cooperation framework, so as to inject new impetus into their respective modernization efforts.

    China, Xi said, encourages more Chinese enterprises to invest in Cambodia, adding that it will open its mega-market to Cambodia and import more high-quality agricultural products from the country.

    The people of the two countries should enhance mutual understanding and friendly feelings for each other, and promote exchanges and mutual learning between Chinese and Cambodian civilizations, he added.

    China will continue to offer government scholarships to Cambodia, support the establishment of a dialogue and exchange mechanism for youths between the two countries, and encourage more exchanges at the local level, as well as between media outlets and think tanks, so as to bring the people of the two countries closer and closer, he said.

    He called on the two countries to take stronger and more effective measures to resolutely crack down on online gambling and telecom fraud, and to maintain social stability and the normal order of exchanges among regional countries.

    Xi said China and Cambodia, important forces in the Global South, should stick to the common values of peace, unity and cooperation.

    He called on both sides to oppose unilateral bullying, practice true multilateralism, firmly oppose bloc confrontation, strengthen coordination and cooperation within the frameworks of ASEAN and Lancang-Mekong Cooperation, and jointly safeguard hard-won regional peace and development, so as to contribute to promoting the building of a community with a shared future for mankind.

    For his part, Hun Manet said Cambodia and China have long respected each other and treated each other as equals, hailing China as Cambodia’s most reliable and trustworthy friend.

    He said Xi’s visit is of great significance, which will deepen political mutual trust between the two countries and effectively promote the building of an all-weather Cambodia-China community with a shared future in the new era.

    Hailing China’s achievements in economic and social development, Hun Manet said he firmly believes that under Xi’s strong leadership, China will achieve the Second Centenary Goal as scheduled. He thanked China for its strong support for Cambodia’s economic development and for safeguarding its independence.

    The prime minister said Cambodia firmly adheres to the one-China policy and supports China in safeguarding its sovereignty and territorial integrity, noting that Cambodia is firmly committed to its friendship with China and is willing to maintain high-level exchanges, strengthen strategic and security cooperation, and deepen the ironclad friendship.

    Noting that China is Cambodia’s largest trading partner and the top source of investment, Hun Manet said Cambodia is ready to strengthen cooperation with China in such areas as economy and trade, investment, industrial and supply chains, agriculture and infrastructure, jointly combat online gambling and telecom fraud, strengthen people-to-people exchanges in such fields as education and culture, and ensure the Cambodia-China Year of Tourism a success.

    He said Cambodia highly appreciates China’s active role in international and regional affairs, and supports Xi’s vision of building a community with a shared future for mankind, as well as the three major global initiatives and the Belt and Road cooperation proposed by Xi.

    Amid global turbulence caused by unilateralism and shocks to the multilateral trading system, China has played a leading role and provided valuable stability to the world, Hun Manet said, adding that Cambodia is willing to strengthen coordination and cooperation with China to safeguard their common interests.

    After the meeting, leaders of the two countries witnessed the exchange of more than 30 bilateral cooperation documents covering fields including production and supply chain cooperation, artificial intelligence, development assistance, customs inspection and quarantine, as well as health and news.

    Chinese President Xi Jinping holds talks with Cambodian Prime Minister Hun Manet at the Peace Palace in Phnom Penh, Cambodia, April 17, 2025. [Photo/Xinhua]
    Chinese President Xi Jinping and Cambodian Prime Minister Hun Manet jointly witness the exchange of bilateral cooperation documents after their talks in Phnom Penh, Cambodia, April 17, 2025. Xi held talks with Cambodian Prime Minister Hun Manet at the Peace Palace in Phnom Penh on Thursday. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI: Purpose Investments Inc. Announces April 2025 Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 17, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of April 2025 for its open-end exchange-traded funds and closed-end funds (“the Funds”).

    The ex-distribution date for all Open-End Funds is April 28, 2025. The ex-distribution date for all closed-end funds is April 30, 2025. 

    Open-End Funds Ticker Symbol Distribution per share/unit Record Date Payable Date Distribution Frequency
    Apple (AAPL) Yield Shares Purpose ETF – ETF Units APLY $0.1667 04/28/2025 05/02/2025 Monthly
    Purpose Canadian Financial Income Fund – ETF Series BNC $0.1225¹ 04/28/2025 05/02/2025 Monthly
    Purpose Global Bond Fund – ETF Units BND $0.0840 04/28/2025 05/02/2025 Monthly
    Berkshire Hathaway (BRK) Yield Shares Purpose ETF – ETF Units BRKY $0.1000 04/28/2025 05/02/2025 Monthly
    Purpose Bitcoin Yield ETF – ETF Units BTCY $0.0850 04/28/2025 05/02/2025 Monthly
    Purpose Bitcoin Yield ETF – ETF Non-Currency Hedged Units BTCY.B $0.0970 04/28/2025 05/02/2025 Monthly
    Purpose Bitcoin Yield ETF – ETF USD Units BTCY.U US $0.0815 04/28/2025 05/02/2025 Monthly
    Purpose Credit Opportunities Fund – ETF Units CROP $0.0875 04/28/2025 05/02/2025 Monthly
    Purpose Credit Opportunities Fund – ETF USD Units CROP.U US $0.0975 04/28/2025 05/02/2025 Monthly
    Purpose Ether Yield – ETF Units ETHY $0.0405 04/28/2025 05/02/2025 Monthly
    Purpose Ether Yield ETF – ETF Non-Currency Hedged Units ETHY.B $0.0500 04/28/2025 05/02/2025 Monthly
    Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units ETHY.U US $0.0395 04/28/2025 05/02/2025 Monthly
    Purpose Global Flexible Credit Fund – ETF Units FLX $0.0461 04/28/2025 05/02/2025 Monthly
    Purpose Global Flexible Credit Fund – Non-Currency Hedged – ETF Units FLX.B $0.0551 04/28/2025 05/02/2025 Monthly
    Purpose Global Flexible Credit Fund – Non-Currency Hedged USD – ETF Units FLX.U US $0.0385 04/28/2025 05/02/2025 Monthly
    Purpose Global Bond Class – ETF Units IGB $0.0860¹ 04/28/2025 05/02/2025 Monthly
    Microsoft (MSFT) Yield Shares Purpose ETF – ETF units MSFY $0.1100 04/28/2025 05/02/2025 Monthly
    Purpose Enhanced Premium Yield Fund – ETF Series PAYF $0.1375¹ 04/28/2025 05/02/2025 Monthly
    Purpose Total Return Bond Fund – ETF Series PBD $0.0590¹ 04/28/2025 05/02/2025 Monthly
    Purpose Core Dividend Fund – ETF Series PDF $0.1050¹ 04/28/2025 05/02/2025 Monthly
    Purpose Enhanced Dividend Fund – ETF Series PDIV $0.0950¹ 04/28/2025 05/02/2025 Monthly
    Purpose Real Estate Income Fund – ETF Series PHR $0.0720¹ 04/28/2025 05/02/2025 Monthly
    Purpose International Dividend Fund – ETF Series PID $0.0780 04/28/2025 05/02/2025 Monthly
    Purpose Monthly Income Fund – ETF Series PIN $0.0830¹ 04/28/2025 05/02/2025 Monthly
    Purpose Multi-Asset Income Fund – ETF Units PINC $0.0840 04/28/2025 05/02/2025 Monthly
    Purpose Conservative Income Fund – ETF Series PRP $0.0600¹ 04/28/2025 05/02/2025 Monthly
    Purpose Premium Yield Fund – ETF Series PYF $0.1100¹ 04/28/2025 05/02/2025 Monthly
    Purpose Premium Yield Fund Non-Currency Hedged – ETF Series PYF.B $0.1230¹ 04/28/2025 05/02/2025 Monthly
    Purpose Premium Yield Fund Non-Currency Hedged – ETF USD Series PYF.U US $0.1200¹ 04/28/2025 05/02/2025 Monthly
    Purpose Core Equity Income Fund – ETF Series RDE $0.0875¹ 04/28/2025 05/02/2025 Monthly
    Purpose Emerging Markets Dividend Fund – ETF Units REM $0.0950 04/28/2025 05/02/2025 Monthly
    Purpose Canadian Preferred Share Fund – ETF Units RPS $0.0950 04/28/2025 05/02/2025 Monthly
    Purpose US Preferred Share Fund – ETF Series RPU $0.0940 04/28/2025 05/02/2025 Monthly
    Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units2 RPU.B / RPU.U $0.0940 04/28/2025 05/02/2025 Monthly
    Purpose Strategic Yield Fund – ETF Units SYLD $0.0970 04/28/2025 05/02/2025 Monthly
    AMD (AMD) Yield Shares Purpose ETF – ETF Series YAMD $0.2000 04/28/2025 05/02/2025 Monthly
    Amazon (AMZN) Yield Shares Purpose ETF- ETF Units YAMZ $0.4000 04/28/2025 05/02/2025 Monthly
    Broadcom (AVGO) Yield Shares Purpose ETF – ETF Series YAVG $0.1500 04/28/2025 05/02/2025 Monthly
    Coinbase (COIN) Yield Shares Purpose ETF – ETF Series YCON $0.3000 04/28/2025 05/02/2025 Monthly
    Costco (COST) Yield Shares Purpose ETF – ETF Series YCST $0.1000 04/28/2025 05/02/2025 Monthly
    Alphabet (GOOGL) Yield Shares Purpose ETF – ETF Units YGOG $0.2500 04/28/2025 05/02/2025 Monthly
    Tech Innovators Yield Shares Purpose ETF – ETF Series YMAG $0.2000 04/28/2025 05/02/2025 Monthly
    META (META) Yield Shares Purpose ETF – ETF Series YMET $0.1600 04/28/2025 05/02/2025 Monthly
    Netflix (NFLX) Yield Shares Purpose ETF – ETF Series YNET $0.1100 04/28/2025 05/02/2025 Monthly
    NVIDIA (NVDA) Yield Shares Purpose ETF – ETF Units YNVD $0.7500 04/28/2025 05/02/2025 Monthly
    Palantir (PLTR) Yield Shares Purpose ETF – ETF Series YPLT $0.2500 04/28/2025 05/02/2025 Monthly
    Tesla (TSLA) Yield Shares Purpose ETF – ETF Units YTSL $0.5500 04/28/2025 05/02/2025 Monthly
    UnitedHealth Group (UHN) Yield Shares Purpose ETF – ETF Series YUNH $0.1100 04/28/2025 05/02/2025 Monthly
               
    Closed-End Funds Ticker Symbol Distribution
    per share/unit    		 Record Date Payable Date Distribution Frequency
    Big Banc Split Corp, Class A BNK $0.1200¹ 04/30/2025 05/14/2025 Monthly
    Big Banc Split Corp – Preferred Shares BNK.PR.A $0.0700¹ 04/30/2025 05/14/2025 Monthly


    Estimated April 2025 Distributions for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund

    The April 2025 distribution rates for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund are estimated to be as follows:

    Fund Name Ticker Symbol Estimated Distribution per unit Record Date Payable Date Distribution Frequency
    Purpose USD Cash Management Fund – ETF Units MNU.U US $ 0.3785 04/28/2025 05/02/2025 Monthly
    Purpose Cash Management Fund – ETF Units MNY $0.2705 04/28/2025 05/02/2025 Monthly
    Purpose High Interest Savings Fund – ETF Units PSA $0.1146 04/28/2025 05/02/2025 Monthly
    Purpose US Cash Fund – ETF Units PSU.U US $ 0.3720 04/28/2025 05/02/2025 Monthly

    Purpose expects to issue a press release on or about April 25, 2025 , which will provide the final distribution rate for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund. The ex-distribution date will be April 28, 2025.

    (1) Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.
    (2) Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD, however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date.

    About Purpose Investments Inc.

    Purpose Investments is an asset management company with more than $21 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.

    For further information please contact:
    Keera Hart
    Keera.Hart@kaiserpartners.com
    905-580-1257

    Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network –

  • MIL-OSI USA: Congressman Goldman Joins New York Voting Rights Groups to Condemn Republican Voter Suppression Bill and Demand Senate Reject It

    Source: US Congressman Dan Goldman (NY-10)

    SAVE Act Intended to Dismantle Electoral Reforms Across Country and Create Mass Voter Disenfranchisement and Suppression 

     

    Bill Passed by GOP in House Yet to be Brought to Senate Floor  

     

    Watch Recording of the Event Here

    New York, NY – Congressman Dan Goldman (NY-10) today joined Let NY Vote Coalition, Common Cause New York, and other voting rights and advocacy organizations to condemn the Safeguard American Voter Eligibility (SAVE) Act, which seeks to disenfranchise and suppress legal, eligible voters nationwide by reversing key election reforms and making it significantly harder for Americans to register and cast their ballots. Passed in the GOP-led House, the legislation has not yet been brought to the floor of the Senate.

    ““The SAVE Act is yet another attempt by Donald Trump and the complicit GOP to erode the foundations of American democracy by undermining its most essential pillar: the right to vote,” Congressman Dan Goldman said. “This bill threatens same-day registration, early voting, and automatic voter registration in a deliberate effort to disenfranchise millions of legal American voters, making it as difficult as possible for many to cast their ballots. The SAVE Act doesn’t solve any real issues—it was crafted to intensify the challenges that women, servicemembers, and rural Americans already face at the polls. If passed, it would undo decades of hard-fought voting reform in New York and across the country. Every senator who believes in the sanctity of democracy and the importance of the vote must unequivocally reject this bill.”
     

    Susan Lerner, Executive Director of Common Cause New York, said “Congress should be working to make voting easier, not harder. In New York, the Let NY Vote Coalition has worked closely with the Governor and the Legislature to improve access to the ballot for New York voters. The so-called SAVE Act would reverse the progress New York has made modernizing its elections and making its election administration more voter-centered, potentially preventing countless eligible New York voters across the state from making their voices heard. This destructive bill claims to address a non-existent problem. We urge the Senate to reject this shameless voter suppression bill, and to oppose any future version that makes registering to vote needlessly difficult for everyday people.” 

    Brianna Cea, Executive Director and Founder of Generation Vote, said, “This past month, 220 members of Congress voted to silence a generation. The so-called SAVE Act targets students, trans youth and working-class voters, and threatens to upend how young people participate in our democracy. By requiring eligible young voters to show proof-of-citizenship documents in person, it would block millions of young people from registering to vote—especially those who rely on online, mail, and

    campus voter registration drives. GenVoters across the country have been organizing to

    stop this dangerous anti-voter bill, and we demand the Senate stop it in its tracks.”

    Sean Eldridge, Founder and President of Stand Up America, said, “We know that the SAVE Act would prevent millions of eligible citizens from accessing the ballot box. This isn’t hypothetical or hyperbole. When Kasas enacted a similar bill a decade ago, over 31,000 American citizens were blocked from voting. And despite that, not one Republican in the House of Representatives had the courage to vote no and protect our freedom to vote. Shame on them. In the United States of America, voters should pick their leaders. Politicians should not get to pick their voters.”

    Ann Toback, CEO of Workers Circle, said, “The SAVE Act is a federal voter suppression bill plain and simple. Republican leaders in Congress are trying to undermine tens of millions of Americans’ freedom to vote because they know the vast majority of voters are not behind their regressive agenda. We’ll not rest until this bill is defeated in the Senate.”

    Jan Combopiano, Executive Committee member of Brooklyn Voters Alliance, said, “There literally is no proof that there is widespread noncitizen voting happening in this country, but there is proof that many Americans do not have the documents to confirm their citizenship, so the SAVE Act is a solution without solving a problem. This is

    election integrity theater, rather than the safeguarding of the right to vote.”

    Erica Smitka, Executive Director, League of Women Voters of New York State, said, “The SAVE Act is driven by misinformation and fear rather than facts. There is no credible evidence of widespread non-citizen voter registration or voting in state or federal elections. The League of Women Voters of New York State firmly opposes this bill as it advances to the Senate. We applaud Senator Schumer and Senator Gillibrand for rejecting this harmful legislation and urge them to reject any future iterations that would allow for the requirement of a passport or birth certificate to vote.”

    Karla Bradley, Executive Director, New York Civic Engagement Table, said, “Our democracy cannot work when only a small portion of the population is making decisions that impact the whole. The SAVE Act is a dangerous bill that would disenfranchise New Yorkers, disproportionately impacting BIPOC, transgender, working class, and rural voters – communities who already face systemic barriers to participating in our elections. It is critical that New York stand strong against this anti-voter bill and ensure that the voices and votes of all voters are heard in our elections.”

    John Park, Executive Director, MinKwon Center for Community Action (Convenor of APA VOICE), said, “The SAVE Act is a direct attack on our democracy and on our fundamental right to vote—especially for the Asian American and Pacific Islander community and other communities of color. It imposes costly and unnecessary documentation requirements, like passports or birth certificates. This bill would disenfranchise married women, trans people, active-duty service members, and millions of eligible voters whose lives don’t fit neatly into bureaucratic boxes. Instead of protecting our elections, the SAVE Act silences voices. This bill is voter suppression wrapped in red tape. Our communities deserve access, not exclusion.”

    Jarret Berg, Co-Founder of Vote Early New York, said, “The SAVE act would undermine America’s modern voter registration system, raising unnecessary barriers to online registration and registration-by-mail that are likely to prevent large swaths of eligible citizens from participating in future elections. At the same time, this unjustifiable solution-in-search-of-a-problem would curb most local voter registration drives. The Senate and the American people must reject this assault on democracy.”

    Mae Lee, Executive Director of the Chinese Progressive Association, said, “Community based organizations like ours often conduct voter registration drives in the community. We bring registration to the people where they are. We reach young people who have just turned eighteen or newly minted citizens. Our community members work and/or go to school. They would not be able to go to a board of elections office during when they are working or going to school. The requirements as outlined in the SAVE Act would restrict our community’s access to voter registration, making us unable to vote and have a say in who represents us.”

    Karen Wharton, Democracy Coalition Coordinator, Citizen Action of NY, said, “The SAVE Act is a solution in search of a problem being pushed by MAGA extremists in Congress. It’s not about protecting our democracy—it’s about undermining it. This bill would strip away the rights of eligible voters, especially women, people with disabilities, and communities that have long been marginalized, all while addressing a problem that doesn’t exist. There’s no real evidence of non-citizen voting. What this bill really does is create unnecessary barriers to silence voices. We should be making it easier—not harder—for people to participate in our democracy. We must reject it.”

    Congressman Goldman has made strengthening and improving voting rights, and ballot box access a cornerstone of his time in office. 

    In February, 2023, Congressman Goldman announced the Early Voting Act as his first bill in Congress, which would require at least a 14-day window of in-person early voting for federal elections across the country. The bill would also require that election officials maximize polling place accessibility and would take steps to address unacceptably long wait-times for voters in line to cast their ballots and for election results by mandating that election officials start processing and scanning ballots at least 14 days prior to Election Day
    In March of 2025, Congressman Goldman joined Congresswoman Terri Sewell (AL-07) in introducing the ‘John R. Lewis Voting Rights Advancement Act,’ which would restore and modernize the protections of the Voting Rights Act of 1965 (VRA) to address modern-day voter suppression and ensure every voter, regardless of race or background, has equal access to the ballot box.   

    Congressman Goldman is a member of the Voter Rights Caucus. 

    ###

    MIL OSI USA News –

  • MIL-OSI Economics: [Interview] How Samsung Embeds Accessibility and User-Centered Values Into Its Home Appliances

    Source: Samsung

    Guided by its vision of “AI for All,” Samsung Electronics continues to develop home appliances that are intuitive and convenient for a wide range of home environments. Among the most impactful advancements are accessibility features designed to make these appliances easier to use for individuals with disabilities and older adults — reflecting the company’s commitment to inclusive design.
     
    Samsung Newsroom sat down with Bona Lee, Vice President and Head of Customer eXperience (CX) Insight Group at Digital Appliances (DA) Business, Samsung Electronics, to discuss the latest accessibility features in Samsung’s home appliances and the philosophy that shapes them.
     
    ▲ Bona Lee from Samsung Electronics demonstrates the negative color mode on the Family Hub refrigerator’s display.
     
     
    Q. What core value or principle guides your approach when designing accessibility features for home appliances?
     
    Using home appliances typically involves a combination of sensory input — such as sight, sound and touch — along with cognitive functions like making selections and adjusting settings, as well as physical actions like pulling, pushing or lifting. These steps can present challenges for some users.
     
    Samsung is working to reduce or eliminate these usability barriers to ensure that everyone can access all features and benefit from the latest technologies. As part of our broader commitment to inclusive design, we offer tailored solutions for different accessibility needs — such as tactile stickers for buttons, audio cues for users with visual impairments and control panels positioned at heights accessible to wheelchair users.
     
     
    Q. What are some standout accessibility features or services that users might not be aware of?
     
    ▲ Visibility enhancement settings on the Bespoke AI Laundry Combo
     
    The Bespoke AI Laundry Combo offers a significantly more streamlined control experience than before. While previous models required users to turn a dial and strain to read small text to select a cycle, the new model features a built-in digital screen with large, easy-to-read fonts. AI further enhances usability by prioritizing frequently used cycles at the top of the menu.
     
    What’s more, SmartThings routines empower individuals with limited mobility by automating device control. A simple voice command like “I’m going to sleep” can turn off lights and appliances, creating a more comfortable and accessible home environment.
     
     
    Q. What new accessibility features have been introduced in the 2025 Bespoke AI appliance lineup?
     
    In the 2025 lineup of Bespoke AI appliances, Bixby can now recognize individual voices using Voice ID technology and provide accessibility settings tailored to each person. In addition, with built-in microphones and speakers, users can ask Bixby about the appliance’s status and receive key alerts via voice responses.
     
    Moreover, the Auto Open Door feature — highly praised by users with limited mobility — has been expanded to more products, including refrigerators, washing machines, ovens and dishwashers. A light tap or simple voice command like “Open the [device] door” provides easy, hands-free access.
     
    ▲ The Auto Open Door feature on the Family Hub refrigerator
     
     
    Q. Are there any ongoing collaborations focused on enhancing accessibility in home appliances?
     
    Samsung is actively collaborating with various organizations to identify and address real-world accessibility challenges. We receive objective evaluations and expert guidance from various professional organizations including the Korea Center for Accessibility Assessment & Research. Additionally, accessibility features for our screen-equipped appliances — such as voice guidance and improved visibility — are being developed in alignment with the European Accessibility Act that goes into effect this June.
     
    Internal collaboration is just as vital. The Samsung Family Supporters group — comprised of employees with disabilities and those with family members who have disabilities — is actively involved in shaping accessibility initiatives. Furthermore, the newly established Accessibility Employee Resource Group (ERG) within the Device eXperience (DX) Business fosters open dialogue by encouraging members to share real-life experiences and ideas to improve accessibility across our products and services.
     
     
    Q. What results or improvements have come from these collaborations so far?
     
    While many visually impaired users found voice guidance for operating SmartThings-connected appliances helpful, some reported that the initial device connection process was challenging.
     
    To address this, we improved the SmartThings app and partnered with TUAT Corp. — the developer of AI-powered visual assistance app Sullivan Plus — to introduce a dedicated mode that recognizes Samsung appliances and helps users easily connect them to SmartThings. Selected for Samsung’s C-Lab Outside startup incubator, Sullivan Plus is expected to further enhance the overall user experience.
     
    We’ve also developed assistive tools based on ideas and feedback from employees and the Samsung Family Supporters group. Designs for these tools are shared on ITDA, a public platform for customizing and 3D-printing assistive devices. One example is a stick-on handle for drawers, designed to support users with limited hand mobility. Development continues toward creating more automated assistive solutions that offer even greater convenience.
     
     
    Q. What steps is Samsung taking to further advance its vision of “AI for All” in the future?
     
    “AI for All” reflects Samsung’s commitment to ensuring that the benefits of technology are seamlessly integrated into everyday life — regardless of a user’s physical abilities or environment. It’s about transforming individual features into connected, inclusive experiences that make life better for everyone.
     
    Looking ahead, Samsung will continue to embed universal design principles that prioritize inclusivity into product development. This includes gathering input from diverse user groups during the planning stage, leveraging user data to identify new opportunities and collaborating with both internal and external experts and organizations to create more meaningful solutions.
     
    As AI capabilities in home appliances evolve, the goal is to create a truly intelligent in-home experience — one that understands each user, their family and their environment by automating tasks and reducing the need for manual input. Rather than addressing diversity with isolated features, Samsung strives to deliver integrated, all-in-one solutions that adapt to any situation.
     
    We see this as the future of innovation — where accessibility and technology come together to serve everyone, under the vision of “Universal Accessibility, Universal Technology.”

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Homes fit for heroes: Raft of news measures to improve military family housing

    Source: United Kingdom – Government Statements

    Press release

    Homes fit for heroes: Raft of news measures to improve military family housing

    Living conditions for families in military housing will be transformed under a new Consumer Charter, as Defence Secretary John Healey promised to “stop the rot” in military housing.

    Defence Secretary John Healey visits military housing

    • New Consumer Charter for families in military homes, delivering on the government’s Plan for Change.
    • Measures will include higher move-in standards, more reliable repairs, renovation of the worst homes, and a named housing officer for every family – all in place before the one-year anniversary of 36,000 military homes being brought back into public ownership.
    • Pledge comes alongside the announcement of an independent, expert team appointed to help deliver a rapid Defence Housing Strategy – with work already underway.

    The Charter will be part of a new Defence Housing Strategy, to be published later this year, which will set out further plans to improve the standard of service family homes across the country.

    Under the Charter, basic consumer rights, from essential property information and predictable property standards, to access to a robust complaints system, will be rapidly introduced. These will be underpinned by new, published satisfaction figures, putting forces families front and centre.

    The wider Defence Housing Strategy – overseen by the Defence Secretary and the Minister for Veterans and People, Al Carns – will also turbocharge the development of surplus military land, creating opportunities for Armed Forces homeownership. It will further support the delivery of affordable homes for families across Britain as part of the government’s Plan for Change.

    It follows the Government’s landmark deal, completed in January, to bring back 36,000 military homes into public ownership, reversing a 1996 sale described by the Public Accounts Committee as “disastrous”, and saving the taxpayer £600,000 per day by eliminating rental payments to a private company.

    The announcement follows the Prime Minister Sir Keir Starmer’s pledge to deliver “homes for heroes” and means that under this government, support will be there for veterans at risk of homelessness. This included removing local connection tests for veterans seeking social housing, meaning as of November, veterans will have access to the housing support they need.

    Defence Secretary, John Healey MP, said:

    Our Armed Forces serve with extraordinary dedication and courage to keep us safe. It is only right that they and their families live in the homes they deserve.

    For too long, military families have endured substandard housing without the basic consumer rights that any of us should expect in our homes. That must end and our new Consumer Charter will begin to stop the rot and put families at the heart of that transformation.

    We cannot turn around years of failure on forces housing overnight, but by bringing 36,000 military homes back into public ownership, we’ve already taken greater control and are working at pace to drive up standards. This is about providing homes fit for the heroes who serve our nation, and I’m determined to deliver the decent, affordable housing that our forces families have every right to expect.

    The new Consumer Charter will include the following commitments: 

    • A strengthened move-in standard so families can have confidence that the home they are moving into will be ready on time and will be clean and functional.

    • Improved, clearer information for families ahead of a move, including photographs and floor plans of all homes when a family applies for housing.

    • More reliable repairs, including an undertaking to complete urgent repairs within a set timeline consistent with Awaab’s Law, and a new online portal for service personnel to manage repairs.

    • Raising the minimum standard of forces family housing with a new programme of works targeted at the worst homes, with up to 1,000 refurbished as a downpayment on the broader programme of renewal to be set out in the Defence Housing Strategy.

    • Better and clearer communication for families, including a named housing officer for every service family who they can contact for specific housing related queries.

    • A new, simpler complaints process that will shorten the process to two stages in line with industry best practice, so that service personnel and families have a quicker resolution, backed up by the new Armed Forces Commissioner.

    • Modernising policies to allow more freedom for families to make improvements, giving them a greater sense of pride in their homes.

    These improvements will be in place by the one-year anniversary of the announcement to buy back military homes last December, with final detail to be set out in the Defence Housing Strategy following consultation with military personnel and their families.

    Many of the commitments in the Charter will be achieved by driving better performance – and better value for the taxpayer – from existing suppliers of maintenance and support for service family housing.

    The new standards will be underpinned by new published customer satisfaction measures and enhanced accountability so families can have confidence in the improvements being made. This will sit alongside an independently conducted stock survey, as recommended by the Kerslake review of military housing which was published last year.

    The Defence Housing Strategy will be driven by an independent review team whose members have been announced today, and which will be chaired by former Member of Parliament and housing expert Natalie Elphicke Ross OBE, drawing on expertise from industry and forces families.

    In the meantime, the Defence Secretary and the Minister for Veterans and People have instructed the MOD to immediately plan improvements for the new Consumer Charter, as part of a short-term action plan to enhance the family homes after years of neglect.

    Natalie Elphicke Ross, Chair of the Defence Housing Strategy Review said:

    Our pride in our armed forces must include pride in our military homes. Delivering better housing, boosting home ownership opportunities for service personnel and improving the experiences of service families will be at the heart of our work.

    David Brewer, Chief Operating Officer of the Defence Infrastructure Organisation, said:

    We are dedicated to making changes that will bring real improvements to the lives of families living in military homes and the plans set out in the new charter are an important step towards doing this.

    The advisory team, announced today, brings together an exceptional group of individuals, who through their expertise and experience will help ensure our housing strategy maximises benefits, not just to families living in military homes, but to communities and industry more widely.

    Antony Cotton MBE said:

    Our Armed Forces community are the backbone of our society, so improving the standard of service family housing is essential if we are to continue to retain and recruit the soldiers, sailors and aviators that protect us selflessly, every day. I welcome this consumer charter as a starting point to give our military families an improved service, and homes they deserve.

    Background

    The members appointed to the Defence Housing Strategy review team are: 

    • Chair, Natalie Elphicke Ross OBE, Director and Head of Housing at The Housing & Finance Institute. Previously Natalie chaired the New Homes Quality Board on standards and redress for customers of new build homes, co-chaired the Elphicke-House Report 2015 on the role of local authorities in housing supply and served as an expert adviser on the development of the national strategy for estate regeneration. A former law firm partner specialising in housing finance, Natalie’s experience includes advising central and local governments, lenders, developers and housing associations on financing, structuring and delivering homes across all tenures.

    • Bill Yardley, Chair of McCarthy Stone Shared Ownership Limited. Bill serves as Chair of a regulated residential development company and is a Non- Executive Director at the Defence Infrastructure Organisation, in the Houses of Parliament and at the Surrey Property Group Limited. He has previously worked at board level in the public and private sectors in residential development, regulated housing, property investment, education and the NHS and has been a public member of Network Rail and chaired a charity. Bill has also served as a Crown Representative and on the Government Construction Board.

    • Cat Calder, Housing Specialist, Army Families Federation. Cat is a housing professional with over 13 years of experience advocating for improved living conditions for families in military accommodation. She has held key positions within the Army Families Federation and has direct experience of military housing, having previously lived in service family accommodation for a number of years.

    • Nigel Holland, former Divisional Chair, Taylor Wimpey and Non-Executive Director of The Riverside Group. Formerly a Divisional Chair of Taylor Wimpey, one of the UK’s largest residential developers. Nigel is also a Non-Executive Director of The Riverside Group, a major provider of affordable housing, care and support services in England and Scotland, with more than 75,000 homes in management. He has a wealth of experience in the homebuilding industry, leading large-scale developments in the UK and overseas. 

    • Alex Notay, Chair and Commissioner, Radix Big Tent Housing Commission. Alexandra is an internationally recognised expert on housing, placemaking and ESG. She has 20 years’ strategic advisory and investment experience across four continents and in August 2024 took over as Chair of the Radix Big Tent Housing Commission. Until July 2024 she was Placemaking and Investment Director at Thriving Investments, the fund and asset management arm of Places for People Group, overseeing a UK-wide residential strategy.

    • James Hall, Housing and Land, Greater London Authority. James has over a decade’s experience in housing and development, working with the public, private and not-for-profit sectors. He worked extensively on strategy, policy and communications in Westminster and Whitehall, and most recently worked at the Greater London Authority on housing policy and delivery.

    Updates to this page

    Published 18 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Bigstack Opportunities I Inc. Announces Receipt of TSXV Conditional Approval and Filing of Filing Statement

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

    TORONTO, April 17, 2025 (GLOBE NEWSWIRE) — Bigstack Opportunities I Inc. (“Bigstack”) (TSXV: STAK.P), a capital pool company as defined under the policies of the TSX Venture Exchange (the “TSXV” or the “Exchange”), is pleased to announce that the TSXV has conditionally approved the previously announced business combination with Reeflex Coil Solutions Inc. (“Reeflex”), as described in Bigstack’s press releases dated November 4, 2024, January 17, 2025 and April 16, 2025 (the “Transaction”), which will constitute Bigstack’s Qualifying Transaction (as such term is defined in Policy 2.4 – Capital Pool Companies of the Corporate Finance Manual of the Exchange).

    In connection with the Transaction, Bigstack has filed its filing statement dated April 14, 2025 (the “Filing Statement”) on its SEDAR+ profile. Investors are encouraged to review the Filing Statement on Bigstack’s SEDAR+ profile at www.sedarplus.ca, as well as Bigstack’s press releases dated November 4, 2024, January 17, 2025 and April 16, 2025. The Filing Statement provides detailed information about, among other things, the Transaction, Reeflex, Coil Solutions Inc. (“Coil”), Reeflex’s expected acquisition of Coil pursuant to a share purchase agreement dated April 14, 2025 (the “Share Purchase Agreement”) between Reeflex and all of the shareholders of Coil (the “Coil Acquisition”), and the resulting company following completion of the Transaction (the “Resulting Issuer”).

    Assuming all conditions are satisfied, Bigstack and Reeflex anticipate closing of the Transaction to occur on or around May 1, 2025, or such other date as may be agreed to between the parties, and that trading of the Resulting Issuer’s common shares will commence shortly thereafter. Bigstack will issue a further press release once the Exchange issues its bulletin announcing its final approval of the Transaction and the date that trading of the common shares of the Resulting Issuer is expected to commence on the Exchange. The Resulting Issuer’s trading symbol will be “RFX”.

    In connection with the Transaction, Bigstack is expected to change its name to “Reeflex Solutions Inc.”

    Completion of the Transaction is subject to a number of conditions, including but not limited to, the satisfaction of all conditions provided for in the agreements governing the Transaction, which include representations, warranties, covenants and conditions customary for a transaction of this nature, the receipt of all necessary regulatory, corporate and third party approvals, including final TSXV acceptance, the release of the escrowed proceeds to Reeflex pursuant to the concurrent financing of the Reeflex, as described in Bigstack’s press release dated April 16, 2025, the closing of the Coil Acquisition, and the receipt of approval for the listing of the common shares of the Resulting Issuer by the Exchange, all subject to the completion of the Transaction. There can, however, be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative. Shares of Bigstack are currently halted from trading on the Exchange, and trading is not expected to resume until after closing of the Transaction. The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

    Business and History of Reeflex

    Reeflex is a privately-held corporation incorporated under the Business Corporations Act (Alberta) on June 14, 2024. Its head and registered offices are located in Calgary. Reeflex currently has no business operations or assets other than cash and a management team that has been working on the Transaction and the proposed going public structure for the past year. On April 14, 2025, Reeflex entered into the Share Purchase Agreement.

    Business and History of Coil

    Founded in 2007 in Redcliff, Alberta, Coil specializes in innovative drilling products and services for the global oil and gas industry. In 2010, Coil expanded its operations, opening a second facility in Calgary, Alberta, introducing a line of downhole fracking tools and venturing into custom tool design. In 2012, Coil launched its coil tubing injector line. In 2013, Coil opened a third facility in Red Deer, Alberta. In 2014, Coil developed two distinct models of, and manufactured, its first full coil tubing units. In 2016, Coil expanded sales to Asia, Africa, Australia, North America, South America and Europe. In 2017, Coil designed and built the largest free-standing mast unit in the world. In 2022, Coil established a dedicated manufacturing division in Calgary, Alberta, operating under its tradename, Ranglar, for injectors and mobile equipment. In 2024, Coil completed a reorganization with its shareholders, which resulted in the conversion of preferred shares and debt into common shares. Today, Coil continues to focus on coiled tubing solutions and downhole tools, offering a comprehensive range of services including rentals, sales, training, testing and consulting. With 41 employees, Coil has developed patented products that are distributed worldwide, including a key distributor in Germany and more than 60 active clients. On April 14, 2025, Coil entered into the Share Purchase Agreement.

    Overview of Bigstack

    Bigstack is a “capital pool company” under the policies of the Exchange and it is intended that the Transaction will constitute the “Qualifying Transaction” of Bigstack, as such term is defined in CPC Policy. The Bigstack Shares are currently listed on the Exchange and Bigstack is a reporting issuer in the provinces of Alberta, British Columbia and Ontario. Bigstack was incorporated under the Business Corporations Act (Ontario) on November 25, 2020.

    Additional Information

    All information contained in this press release with respect to Reeflex and Coil was provided by Reeflex and Coil, respectively, to Bigstack for inclusion herein. Bigstack and its directors and officers have not independently verified such information and have relied exclusively on Reeflex and Coil for any information concerning Reeflex and Coil.

    Forward Looking Information

    This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this press release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “anticipate”, “believe”, “estimate”, “expect”, “intend” or variations of such words and phrases or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information.

    More particularly and without limitation, this press release contains forward-looking statements concerning the Transaction and its constituents steps, including the Coil Acquisition and the Transaction (including the completion, structure, terms and timing thereof), the expected corporate structure of the Resulting Issuer and its subsidiaries, if any, the future financial performance of the Resulting Issuer or any of the parties, the concurrent financing of Reeflex and the potential release of escrowed proceeds therefrom, and the trading of Bigstack’s securities and any securities of the Resulting Issuer on the TSXV. Although Bigstack believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: delay or failure to receive regulatory approvals; inability to complete the Concurrent Financing on the terms described herein or at all; and general business, economic, competitive, political and social uncertainties. There can be no certainty that the Transaction and related transactions will be completed on the terms set out in the agreements among the parties and described in press releases of Bigstack or at all. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, Bigstack disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.

    Investors are cautioned that, except as disclosed in the Filing Statement, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

    The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

    Bigstack Opportunities I Inc.

    For further information, please contact Eric Szustak, the President, Chief Executive Officer, Chief Financial Officer, Corporate Secretary and a director of Bigstack.

    Eric Szustak
    President, CEO, CFO, Corporate Secretary and Director
    Email: eszustak@jbrlimited.com
    Telephone: (905) 330-7948

    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.

    The securities have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    The MIL Network –

  • MIL-OSI USA: Statement on USDOT Penn Station Renovation

    Source: US State of New York

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    April 17, 2025

    Albany, NY

    “In multiple meetings with President Trump, I requested that the federal government fund the long-overdue overhaul of Penn Station. Clearly that effort has been successful, and I want to thank the President and Secretary Duffy for taking on the sole responsibility to deliver the beautiful new $7 billion station that New Yorkers deserve. This is a major victory for New Yorkers, and the use of federal funds will save New York taxpayers $1.3 billion dollars that would have otherwise been necessary for this project.”

    You are leaving the official State of New York website.

    The State of New York does not imply approval of the listed destinations, warrant the accuracy of any information set out in those destinations, or endorse any opinions expressed therein. External web sites operate at the direction of their respective owners who should be contacted directly with questions regarding the content of these sites.

    Visit Site

    MIL OSI USA News –

  • MIL-OSI Security: Iranian National Indicted for Operating Online Marketplace Offering Fentanyl, Other Drugs, and Money Laundering Services

    Source: Office of United States Attorneys

    CLEVELAND – A federal grand jury has charged Behrouz Parsarad, an Iranian national, for his role as the creator and operator of Nemesis Market, a dark web marketplace designed to enable users to buy and sell illegal drugs and other illicit goods and criminal cyber-services, such as obtaining stolen financial information, fraudulent identification documents, counterfeit currencies, and computer malware.

    According to the indictment, Parsarad, 36, of Tehran, Iran, launched Nemesis Market in or around March 2021. Nemesis Market operated on the dark web, a network that uses The Onion Router (TOR) to encrypt traffic and hide users’ Internet Protocol (IP) address. At its peak, Nemesis Market had over 150,000 users and more than 1,100 vendor accounts registered worldwide. Between 2021 and 2024, Nemesis Market processed more than 400,000 orders, including more than 60,000 orders in 2022 and more than 250,000 orders in 2023. Of these, more than 55,000 orders were categorized as stimulants, which included sub-categories for methamphetamine, cocaine, cocaine base (crack), and other controlled substances. More than 17,000 orders were categorized as opioids, which included sub-categories for fentanyl, heroin, and oxycodone. All of the substances covertly purchased by the government and marketed on Nemesis as “isotonitazene,” “M30s” (purporting to be oxycodone), and “Percs” (purporting to be Percocet) were confirmed by laboratory reports to be mixtures and substances containing fentanyl, a Schedule II controlled substance and/or acetylfentanyl, heroin, and/or protonitazene, each a Schedule I controlled substance.

    “The allegations in this indictment span over four hundred thousand transactions involving fentanyl, other dangerous drugs, and a wide range of contraband made accessible on the darknet for more than three years,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “Through cooperation with German and Lithuanian partners, the alleged administrator of this marketplace has been charged, servers and other infrastructure have been seized, and dangerous drugs and other contraband have been stopped from entering the United States. This case demonstrates the Department’s tireless commitment to protecting U.S. communities from the harms caused by fentanyl and darknet marketplaces and pursuing accountability for those who would endanger our communities no matter where they are located.”

    “Anyone who tries to profit from the sale of illegal drugs – whether it’s on the streets or online – will face consequences. Whether you sell or help others sell these dangerous drugs, you will be held accountable,” said Acting U.S. Attorney Carol M. Skutnik for the Northern District of Ohio. “I want to acknowledge the excellent investigative work of our federal agency partners here in Ohio who helped us to bring the charges in this case. Together, we remain committed to keeping our neighborhoods safe and our streets free from illegal narcotics.”

    “This indictment, made possible by the assistance of our German and Lithuanian allies, underscores the importance of global partnerships and international collaboration,” said FBI Cleveland Acting Special Agent in Charge Charles Johnston. “Nemesis Market, through the darknet, was a borderless powerhouse of criminal activity that not only fueled the drug epidemic, but also a multitude of illegal acts with the capacity to harm our citizens and destroy our communities. The FBI stands firm in its commitment to identify and investigate unlawful individuals and dismantle their networks operating with criminal intent.”

    Parsarad is charged with conspiracy to distribute controlled substances and distribution of controlled substances in the Northern District of Ohio and elsewhere. In addition, Parsarad is also charged with money laundering conspiracy for both using proceeds to promote illegal drug dealing and for offering money laundering services through Nemesis Market by mixing cryptocurrencies used to pay for goods and services to obscure their origins. Nemesis users were not allowed to conduct transactions in official, government-backed currencies.

    On March 20, 2024, U.S. law enforcement, in cooperation with German and Lithuanian authorities, seized Nemesis Market and stemmed the flow of these drugs into the United States and elsewhere. In March 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against Parsarad for his role as the administrator of Nemesis Market. According to OFAC, Nemesis Market facilitated the sale of nearly $30 million worth of drugs between 2021 and 2024.

    If convicted, Parsarad faces a mandatory minimum of 10 years in federal prison and a maximum penalty of life.

    The FBI Cleveland Division is investigating the case with assistance from the DEA and IRS-CI. The Justice Department’s Office of International Affairs and Cybercrime Liaison Prosecutor to Eurojust provided significant assistance.

    Assistant U.S. Attorney Segev Phillips for the Northern District of Ohio and Trial Attorney Gaelin Bernstein of the Criminal Division’s Computer Crime and Intellectual Property Section are prosecuting the case, with substantial assistance from the U.S. Attorneys Offices for the Northern District of Illinois and District of Massachusetts.

    This case was investigated as part of an FBI-led interagency Joint Criminal Opioid and Darknet Enforcement (J-CODE) operation. J-CODE brings together experts from the DEA, the Postal Inspection Service, Homeland Security Investigations, as well as the Department of Defense and the Customs and Border Protection, along with the FBI. The Justice Department appreciates the cooperation and significant assistance provided by law enforcement partners in the British Virgin Islands, Germany, Lithuania, and Türkiye.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI Russia: Jordan — IMF Staff Reach Staff Level Agreement on the Third Review under the Extended Fund Facility and Make Progress Toward a Program Supported under the Resilience and Sustainability Facility

    Source: IMF – News in Russian

    April 17, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • Jordan’s economic program supported by an Extended Fund Facility (EFF) arrangement is firmly on track despite considerable external headwinds. The authorities continue to demonstrate strong commitment to sound macro-economic policies and structural reforms to strengthen Jordan’s resilience, confront uncertainty, and accelerate growth.
    • After a slowdown in 2024, affected by the spillovers from the conflicts in the region, domestic demand and tourism show signs of recovery. This combined with steadfast implementation of structural reforms to create a more dynamic private sector is expected to bring growth to 2.7 percent in 2025. Inflation is expected to remain around 2 percent, as the CBJ continues to successfully safeguard monetary stability and the peg to the US dollar.
    • Substantial progress was made toward agreement on an arrangement under the Resilience and Sustainability Facility to address Jordan’s long-term vulnerabilities in the water and electricity sectors and to enhance its ability to address health emergencies, including future pandemics. Discussions are expected to be continued with the aim to reach agreement soon.

    Amman: A staff team from the International Monetary Fund (IMF), led by Ron van Rooden, visited Amman during April 6–17, 2025, for discussions on the third review under the arrangement under the IMF’s Extended Fund Facility (EFF), which was approved by the IMF’s Executive Board on January 10, 2024 (Press Release). Discussions were also held on an arrangement under the Resilience and Sustainability Facility (RSF). At the conclusion of the mission, Mr. van Rooden issued the following statement:

    “We are pleased to announce that the IMF team and the Jordanian authorities reached a staff-level agreement on the third review of the authorities’ economic reform program supported by the EFF arrangement, approved in January 2024. Program performance continues to be strong, despite a challenging external environment. All quantitative performance criteria for the third review were met and steady progress is being made toward achieving the program’s overall objectives, including strong progress toward meeting the structural benchmarks for this and future reviews. The agreement is subject to approval by the IMF’s management and the Executive Board. The completion of this review will make SDR 97.784 million (about US$130 million) available, out of the approved program size of SDR 926.370 million (about US$1.2 billion).  

    “Jordan’s economy continues to show resilience and macro-economic stability has been maintained, despite considerable external headwinds from the conflicts in Gaza and Lebanon and heightened uncertainty, thanks to authorities’ steady pursuit of sound macro-economic policies and international support. Growth slowed somewhat, but still reached 2.5 percent and inflation remained low, at less than 2 percent in 2024. The budget deficit target was met, as strong measures offset the loss in revenues due to lower domestic demand and lower prices of key export commodities. The current account deficit widened somewhat to 5.9 percent of GDP, in part reflecting lower tourism receipts.

    “Despite increased global uncertainty, including as a result of higher trade tensions and continued conflicts in the region, growth in Jordan has started to pick up pace and is projected to reach 2.7 percent in 2025, as domestic activity and tourism are recovering and investment inflows have increased. The current account deficit is expected to be contained at 5.5 percent of GDP, with higher tourism receipts offsetting higher imports and possible adverse effects on exports from higher trade barriers. Inflation is expected to remain low, at just over 2 percent, reflecting the CBJ’s unwavering commitment to maintaining monetary stability. The CBJ remains firmly committed to the exchange rate peg to the U.S. dollar, which is supported by strong international reserves. Meanwhile, the banking sector continues to demonstrate resilience, with strong capitalization and sound financial health. Barring additional shocks, growth is expected to pick up pace further in the coming years, to over 3 percent, fueled by several large investment projects, including the Aqaba Amman Conveyor project, while deeper regional economic integration, notably with Syria, Lebanon, and Iraq, could further enhance growth prospects.

    “The authorities remain committed to their fiscal policy anchor of placing public debt on a steady downward path, while protecting priority social and development spending. To achieve this, and to cement the progress made in the last few years, the authorities are committed to continuing efforts at mobilizing revenues, improving spending efficiency, and ensuring the financial viability and efficiency of public utilities and the social security corporation (SSC). Steady fiscal consolidation will continue in 2025–28, aiming to bring public debt to 80 percent of GDP by 2028.

    “The authorities are determined to step up the pace of structural reforms to achieve stronger growth and generate more jobs, which is particularly important given that unemployment remains high, particularly among the youth and women. Reforms will focus on improving the business environment, to attract more investment, by enhancing competition and labor market flexibility, while further strengthening the social safety net. Efforts will also focus on streamlining regulation and digitalization of government services, including tax and customs administration.  

    “Substantial progress was made in discussing policies to address Jordan’s long-term vulnerabilities in the water and electricity sectors and to enhance its ability to address health emergencies, including future pandemics, and which could be supported by an arrangement under the Resilience and Sustainability Facility. Discussions are expected to be continued in the coming days aiming to be concluded in Washington DC.

    “The staff team is grateful to the authorities for the candid and constructive discussions. The team met with Prime Minister Hassan, Minister of Finance Shibli, Minister of Planning and International Cooperation Toukan, Minister of Economic Affairs Shehadeh, Governor of the Central Bank of Jordan Al-Sharkas; and other Ministers and senior government and CBJ officials.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Angham Al Shami

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/04/17/pr25113-jordan-imf-staff-reach-sla-3rd-rev-under-eff-make-prog-toward-program-supp-under-rsf

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI USA: Iranian National Indicted for Operating Online Marketplace Offering Fentanyl and Money Laundering Services

    Source: US State of California

    A federal grand jury has charged Behrouz Parsarad, an Iranian national, for his role as the founder and operator of Nemesis Market, a dark web marketplace for illegal drugs and criminal cyber-services, such as stolen financial information, fraudulent identification documents, counterfeit currencies, and computer malware.

    According to the indictment, Parsarad, 36, of Tehran, launched Nemesis Market on the dark web in March 2021. At its peak, Nemesis Market had over 150,000 users and more than 1,100 vendor accounts registered worldwide. Between 2021 and 2024, Nemesis Market processed more than 400,000 orders. Of these, more than 55,000 orders were categorized as orders for stimulants, including methamphetamine, cocaine, cocaine base (crack cocaine), and other controlled substances. An additional 17,000 orders were categorized as orders for opioids, including fentanyl, heroin, and oxycodone. Certain substances covertly purchased by the government from Nemesis were confirmed by laboratory reports to be mixtures and substances containing fentanyl, a Schedule II controlled substance, and/or acetylfentanyl, heroin, and/or protonitazene, each a Schedule I controlled substance.

    “The allegations in this indictment span over four hundred thousand transactions involving fentanyl, other dangerous drugs, and a wide range of contraband made accessible on the darknet for more than three years,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “Through cooperation with German and Lithuanian partners, the alleged administrator of this marketplace has been charged, servers and other infrastructure have been seized, and dangerous drugs and other contraband have been stopped from entering the United States. This case demonstrates the Department’s tireless commitment to protecting U.S. communities from the harms caused by fentanyl and darknet marketplaces and pursuing accountability for those who would endanger our communities no matter where they are located.”

    “Anyone who tries to profit from the sale of illegal drugs – whether it’s on the streets or online – will face consequences. Whether you sell or help others sell these dangerous drugs, you will be held accountable,” said Acting U.S. Attorney Carol M. Skutnik for the Northern District of Ohio. “I want to acknowledge the excellent investigative work of our federal agency partners here in Ohio who helped us to bring the charges in this case. Together, we remain committed to keeping our neighborhoods safe and our streets free from illegal narcotics.”

    “This indictment, made possible by the assistance of our German and Lithuanian allies, underscores the importance of global partnerships and international collaboration,” said FBI Cleveland Acting Special Agent in Charge Charles Johnston. “Nemesis Market, through the darknet, was a borderless powerhouse of criminal activity that not only fueled the drug epidemic, but also a multitude of illegal acts with the capacity to harm our citizens and destroy our communities. The FBI stands firm in its commitment to identify and investigate unlawful individuals and dismantle their networks operating with criminal intent.”

    Parsarad is charged with conspiracy to distribute controlled substances and distribution of controlled substances in the Northern District of Ohio and elsewhere. In addition, Parsarad is also charged with money laundering conspiracy for both using proceeds to promote illegal drug dealing and for offering money laundering services through Nemesis Market by mixing cryptocurrencies used to pay for goods and services to obscure their origins. Nemesis users were not allowed to conduct transactions in official, government-backed currencies.

    On March 20, 2024, U.S. law enforcement, in cooperation with German and Lithuanian authorities, seized Nemesis Market and blocked the flow of these drugs into the United States and elsewhere. In March 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against Parsarad for his role as the administrator of Nemesis Market. According to OFAC, Nemesis Market facilitated the sale of nearly $30 million worth of drugs between 2021 and 2024.

    If convicted, Parsarad faces a mandatory minimum penalty of 10 years in federal prison and a maximum penalty of life.

    The FBI Cleveland Division is investigating the case with assistance from the DEA and IRS-CI. The Justice Department’s Office of International Affairs and Cybercrime Liaison Prosecutor to Eurojust provided significant assistance.

    Trial Attorney Gaelin Bernstein of the Criminal Division’s Computer Crime and Intellectual Property Section and Assistant U.S. Attorney Segev Phillips for the Northern District of Ohio are prosecuting the case, with substantial assistance from the U.S. Attorneys Offices for the Northern District of Illinois and District of Massachusetts.

    This case was investigated as part of an FBI-led interagency Joint Criminal Opioid and Darknet Enforcement (J-CODE) operation. J-CODE brings together experts from the DEA, the Postal Inspection Service, Homeland Security Investigations, as well as the Department of Defense and the Customs and Border Protection, along with the FBI. The Justice Department appreciates the cooperation and significant assistance provided by law enforcement partners in the British Virgin Islands, Germany, Lithuania, and Türkiye.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL OSI USA News –

  • MIL-OSI New Zealand: Kiwis caught flat-footed by Easter booze rules challenged to speak up

    Source: ACT Party

    Kiwis caught flat-footed this weekend by patronising rules around alcohol should make a submission on legislation currently being considered by Parliament’s Justice Committee, says ACT MP Cameron Luxton.

    “This Friday and Sunday, pubgoers will have to order a ‘substantial meal’ just to have a wine or beer. There’s also an arbitrary ban on buying a drink more than an hour before or after eating.

    “Then there’s the total ban on off-licence alcohol sales. Even grocery stores that are allowed to open on Easter can’t sell alcohol, forcing people to stock up for supplies on the Thursday and Saturday.

    “So many Kiwis are fed up with being treated like children, and I know hospitality staff hate having to enforce the silly rules. I’ve been campaigning for Easter freedom for a while now, and finally, a bill to ditch the alcohol rules has passed first reading – but its future is uncertain.

    “If you’re sick of being denied choice on Easter, I’d strongly urge you to make an online submission in support of the Sale and Supply of Alcohol (Sales on Anzac Day Morning, Good Friday, Easter Sunday, and Christmas Day) Amendment Bill.

    “I’ll be making a submission myself, and I’ll be lobbying my colleagues across Parliament to support the legislation into law.

    “The government shouldn’t get to choose your values. Whether Easter means going to church or having a pint, that should be up to you.”

    Editor’s note: Cameron Luxton previously had a member’s bill drawn from Parliament’s ballot to reform both alcohol restrictions and wider shop trading restrictions. Luxton’s bill was voted down, so he and ACT are now leading the campaign in support of Kieran McAnulty’s narrower bill.

    A video of Cameron Luxton’s speech on the Bill is available here.

    MIL OSI New Zealand News –

  • MIL-OSI USA: Unleashing American Commercial Fishing in the Pacific

    US Senate News:

    Source: The White House
    class=”has-text-align-center”>BY THE PRESIDENT OF THE UNITED STATES OF AMERICA
    A PROCLAMATION
    The Pacific Remote Islands Marine National Monument (PRIMNM) was established by Proclamation 8336 of January 6, 2009 (Establishment of the Pacific Remote Islands Marine National Monument), and then further expanded by Proclamation 9173 of September 25, 2014 (Pacific Remote Islands Marine National Monument Expansion).  Under these monument proclamations, over 400,000 square miles in the Pacific Ocean were appropriated and withdrawn from all forms of entry, location, selection, sale, leasing, or other disposition under the public land laws for care and management by the Federal Government.The PRIMNM was established to protect and preserve the lands and marine environment around Wake, Baker, Howland, and Jarvis Islands; Johnston and Palmyra Atolls; Kingman Reef; and the historic and scientific objects therein.  These objects include fish, birds, marine mammals, coral, and the general biodiversity of the ecosystems encompassed by the PRIMNM.As part of the management of the PRIMNM, commercial fishing is currently prohibited within its boundaries.  As explained herein, following further consideration of the nature of the objects identified in Proclamations 8336 and 9173 and the protection of those objects already provided by relevant law, I find that appropriately managed commercial fishing would not put the objects of scientific and historic interest that the PRIMNM protects at risk.With respect to fish in particular, fisheries in the region are effectively managed by the National Marine Fisheries Service and the Western Pacific Regional Fishery Management Council.  Management of the PRIMNM is doing little to guard fish populations against overfishing as tunas and other pelagic species found within the boundaries of the PRIMNM are migratory in nature, and do not permanently reside within the PRIMNM.As a result of the prohibitions on commercial fishing, American fishing fleets have lost access to nearly half of the United States’ Exclusive Economic Zone in the Pacific Islands.  This has driven American fishermen to fish further offshore in international waters to compete against poorly regulated and highly subsidized foreign fleets.  This disadvantages honest United States commercial fishermen and is detrimental for United States territories like American Samoa, whose private sector economy is over 80 percent dependent on the fishing industry.Proclamations 8336 and 9173 do not list recreational fishing as a threat to local fish populations within the PRIMNM.  A host of Federal protections exist under current laws and agency management designations to protect the area’s natural resources, vulnerable marine species, and unique habitats, such as coral and seamount ecosystems.These laws include the Magnuson–Stevens Fishery Conservation and Management Act (16 U.S.C. 1801 et seq.), the Endangered Species Act of 1973 (Endangered Species Act) (16 U.S.C. 1531 et seq.), the Migratory Bird Treaty Act (16 U.S.C. 703-712), the National Wildlife Refuge System Administration Act of 1966 (16 U.S.C. 668dd-668ee), the Refuge Recreation Act (16 U.S.C. 460k et seq.), the Marine Mammal Protection Act (16 U.S.C. 1361 et seq.), the Clean Water Act (33 U.S.C. 1251 et seq.), the Oil Pollution Act of 1990 (Oil Pollution Act) (33 U.S.C. 2701et seq.), and Title I of the Marine Protection, Research, and Sanctuaries Act (Ocean Dumping Act), 33 U.S.C. 1401 et seq.  For example, the Endangered Species Act generally prohibits the taking of listed fish and wildlife species, and also generally ensures that Federal actions, including fisheries management, are not likely to jeopardize the continued existence of any such species nor adversely modify designated critical habitats.  Numerous other statutes, including the Clean Water Act, the Oil Pollution Act, and the Ocean Dumping Act, address both land-based and ocean-based sources of pollution and help ensure that water quality conditions support the conservation values of the Pacific Remote Island ecosystems.Therefore, I find that appropriately managed commercial fishing would not put objects of scientific and historic interest within the PRIMNM at risk.After further consideration of the nature of the objects identified in Proclamations 8336 and 9173 and the protection of those objects already provided by the Magnuson-Stevens Fishery Conservation and Management Act and other relevant laws, I find that a prohibition on commercial fishing is not, at this time, necessary for the proper care and management of the PRIMNM or the objects of historic or scientific interest therein.NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by the authority vested in me by the Constitution and the laws of the United States, including section 320301 of title 54, United States Code (Antiquities Act), hereby proclaim that:(a)  All language under the section entitled “Management of the Marine National Monument” in Proclamation 9173 is deleted and replaced with the following:“Nothing in this proclamation shall change the management of the Pacific Remote Islands Marine National Monument as specified in Proclamation 8336.  The Secretary of the Interior, in consultation with the Secretary of Commerce, shall have primary responsibility for management of the Monument Expansion pursuant to applicable legal authorities.  The Secretary of Commerce, through the Administrator of the National Oceanic and Atmospheric Administration, and in consultation with the Secretary of the Interior, shall within the Monument Expansion have primary responsibility with respect to fishery-related activities regulated pursuant to the Magnuson-Stevens Fishery Conservation and Management Act (16 U.S.C. 1801 et seq.), and any other applicable legal authorities.  The Secretary of Commerce and the Secretary of the Interior shall not allow or permit any appropriation, injury, destruction, or removal of any object of the Monument Expansion except as provided for by this proclamation as modified by the Proclamation of April 17, 2025 (Unleashing American Commercial Fishing in the Pacific).Between 50 to 200 nautical miles from the landward boundaries of the Monument, the Secretary of Commerce shall not prohibit commercial fishing within the boundaries of the Monument and the Monument Expansion in those areas where the Monument and Monument Expansion is coterminous with the Exclusive Economic Zone of the United States.  The implementation of any regulation of commercial fishing within the Monument and the Monument Expansion shall be done in coordination with the Secretary of Defense.  Only United States flagged vessels shall be allowed to commercially fish within the boundaries of the Monument and the Monument Expansion, except that permits may be issued to foreign flagged vessels to transship fish harvested by United States fishermen.The Secretary of Commerce and the Secretary of the Interior shall take appropriate action pursuant to their respective authorities under the Antiquities Act; the Magnuson-Stevens Fishery Conservation and Management Act; and such other authorities as may be available to implement this proclamation, to regulate fisheries, and to ensure proper care and management of the Monument Expansion.The United States shall continue to preserve the freedom of the seas (i.e., all of the rights, freedoms, and lawful uses of the sea recognized in international law and enjoyed by all nations, including the conduct of military activities, exercises, and surveys in or over the Exclusive Economic Zone of the United States), and to protect the training, readiness, and global mobility of the United States Armed Forces as United States national interests that are essential to the peace and prosperity of civilized nations.The Secretary of Defense shall continue to manage Wake Island and Johnston Atoll as specified in Proclamation 8336.”.(b)  The Secretary of Commerce, through the Administrator of the National Oceanic and Atmospheric Administration, shall expeditiously publish new proposed rules in the Federal Register to amend or repeal all burdensome regulations that restrict commercial fishing in the PRIMNM.Nothing in this proclamation shall be construed to revoke, modify, or affect any withdrawal, reservation, or appropriation, other than the one created by Proclamations 8336 and 9173.Nothing in this proclamation shall change the management of the areas designated and reserved by Proclamations 8336 and 9173, except as explicitly provided in this proclamation.If any provision of this proclamation, including its application to a particular parcel of land, is held to be invalid, the remainder of this proclamation and its application to other parcels of land shall not be affected thereby.IN WITNESS WHEREOF, I have hereunto set my hand thisseventeenth day of April, in the year of our Lord two thousand twenty-five, and of the Independence of the United States of America the two hundred and forty-ninth.
                                  DONALD J. TRUMP

    MIL OSI USA News –

  • MIL-OSI USA: 250th Anniversary of the Battles of Lexington and Concord

    US Senate News:

    Source: The White House
    class=”has-text-align-center”>By the President of the United States of America
    A Proclamation
    Two and a half centuries ago, a small band of minutemen answered the call of freedom in the legendary Battles of Lexington and Concord, an epic tale of American strength and the first major armed conflict of the Revolutionary War.   We honor the memories, remember the sacrifices, and summon the courage of every hero of liberty who gallantly shed his blood for the cause of independence on April 19, 1775.
    After years of intensifying frictions and escalating hostility between the British Crown and the American Colonies, all avenues to peace and diplomacy had been exhausted, and it became clear to the patriots that war was inevitable.  Following the Boston Massacre, the oppressive Intolerable Acts, and the lasting grievance of taxation without representation, the colonists began organizing militias as a final recourse in defense of their right to self-government.
    The British regime’s reign of tyranny reached a breaking point when, in his fearless midnight ride from Boston, Massachusetts, Paul Revere announced the news that the Redcoats were marching to Concord, Massachusetts, to arrest Colonial leaders and seize American arms.  By the time they reached Lexington at dawn, the British encountered 77 intrepid American minutemen, led by Captain John Parker, boldly standing their ground in defense of their independence.  The surprised British fired a volley, mortally wounding eight American patriots — the very first American soldiers to lay down their lives for our emerging Nation. 
    The British ambush at Lexington became known as the “shot heard ’round the world,” prompting thousands of brave young men to leave behind their homes and livelihoods to fight for our freedom on the frontlines of the American Revolution — commencing the greatest fight for liberty in the history of the world.
    Later that morning, the Redcoats arrived at Concord to find and set fire to patriot military supplies.  At the sight of rising smoke from atop a lofty hill, the colonists believed the Redcoats were burning the town, provoking them to advance to the North Bridge.  As Captain Isaac Davis, whose company stood at the front of the column, said of his soldiers gearing up to take on the Redcoats, “I haven’t a man who is afraid to go.”
    As 400 daring militiamen descended down Punkatasset Hill toward the North Bridge, the startled British opened fire, killing 49 Americans, including Captain Davis.  “Fire, fellow soldiers, for God’s sake, fire!” shouted Major John Buttrick of the Concord militia at the sound of the discharging muskets — sending the British running back to Boston in retreat in a resounding victory for Colonial forces.  For the next 12 miles, the patriots relentlessly pursued the Redcoats, ambushing them from behind trees, walls, and other cover.  As one British soldier is said to have recalled, the Americans “fought like bears, and I would as soon storm hell as fight them again.”
    April 19, 1775, stands to this day as a seminal milestone in our Nation’s righteous crusade for liberty and independence.  On this day 250 years ago, with the fire of freedom blazing in their souls, an extraordinary army of American minutemen defeated one of the mightiest armies on the face of the earth and laid the foundation for America’s ultimate triumph over tyranny.
    Two and a half centuries later, their fortitude remains our inheritance, their resolve remains our birthright, and their unwavering loyalty to God and country remains the duty of every American patriot.  As we approach the 250th anniversary of our Nation’s independence next year, we honor the valiant men who fought in defense of their sacred right to self-government, we renew our pledge to restore our republic to all of its greatness and glory, and we commit to rebuilding a country and a culture that inspires pride in our past and faith in our future.
    NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim April 19, 2025, as a day in commemoration of the 250th anniversary of the Battles of Lexington and Concord and the beginning of the American Revolutionary War.
    IN WITNESS WHEREOF, I have hereunto set my hand thisseventeenth day of April, in the year of our Lord two thousand twenty-five, and of the Independence of the United States of America the two hundred and forty-ninth.
                                   DONALD J. TRUMP

    MIL OSI USA News –

  • MIL-OSI USA: Senator Coons statement on Trump’s attack on AmeriCorps

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons

    WASHINGTON – U.S. Senator Chris Coons (D-Del.) issued the following statement in response to reports that President Donald Trump has placed a majority of AmeriCorps agency staff on administrative leave. Trump had already recalled hundreds of AmeriCorps NCCC members trained to respond to emergencies from the field:

    “President Trump’s attempted destruction of AmeriCorps is alarming and will damage communities across the nation. For more than 30 years, in more than 50,000 communities, AmeriCorps members and volunteers have made our country stronger, healthier, and more resilient. AmeriCorps members are relief workers on the front lines of natural disasters, teachers improving literacy in schools, and health care workers in underserved communities. There are few better examples of government working strategically and efficiently to improve the lives of those they serve. 

    “The men and women who serve AmeriCorps as volunteers, members, and staff deserve our thanks. Instead, Donald Trump and Elon Musk are once again turning their backs on the very people who make our country great. I am working with colleagues on both sides of the aisle to press the Trump Administration to reverse these unjustified cuts and restore a valued program.” 

    A 2020 non-partisan study found that for every $1 Congress appropriates to AmeriCorps and Senior Corps, the programs return more than $17 to the government and economy.

    Senator Coons is co-Chair of the Senate National Service Caucus.

    MIL OSI USA News –

  • MIL-OSI Security: Iranian National Indicted for Operating Online Marketplace Offering Fentanyl and Money Laundering Services

    Source: United States Department of Justice

    A federal grand jury has charged Behrouz Parsarad, an Iranian national, for his role as the founder and operator of Nemesis Market, a dark web marketplace for illegal drugs and criminal cyber-services, such as stolen financial information, fraudulent identification documents, counterfeit currencies, and computer malware.

    According to the indictment, Parsarad, 36, of Tehran, launched Nemesis Market on the dark web in March 2021. At its peak, Nemesis Market had over 150,000 users and more than 1,100 vendor accounts registered worldwide. Between 2021 and 2024, Nemesis Market processed more than 400,000 orders. Of these, more than 55,000 orders were categorized as orders for stimulants, including methamphetamine, cocaine, cocaine base (crack cocaine), and other controlled substances. An additional 17,000 orders were categorized as orders for opioids, including fentanyl, heroin, and oxycodone. Certain substances covertly purchased by the government from Nemesis were confirmed by laboratory reports to be mixtures and substances containing fentanyl, a Schedule II controlled substance, and/or acetylfentanyl, heroin, and/or protonitazene, each a Schedule I controlled substance.

    “The allegations in this indictment span over four hundred thousand transactions involving fentanyl, other dangerous drugs, and a wide range of contraband made accessible on the darknet for more than three years,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “Through cooperation with German and Lithuanian partners, the alleged administrator of this marketplace has been charged, servers and other infrastructure have been seized, and dangerous drugs and other contraband have been stopped from entering the United States. This case demonstrates the Department’s tireless commitment to protecting U.S. communities from the harms caused by fentanyl and darknet marketplaces and pursuing accountability for those who would endanger our communities no matter where they are located.”

    “Anyone who tries to profit from the sale of illegal drugs – whether it’s on the streets or online – will face consequences. Whether you sell or help others sell these dangerous drugs, you will be held accountable,” said Acting U.S. Attorney Carol M. Skutnik for the Northern District of Ohio. “I want to acknowledge the excellent investigative work of our federal agency partners here in Ohio who helped us to bring the charges in this case. Together, we remain committed to keeping our neighborhoods safe and our streets free from illegal narcotics.”

    “This indictment, made possible by the assistance of our German and Lithuanian allies, underscores the importance of global partnerships and international collaboration,” said FBI Cleveland Acting Special Agent in Charge Charles Johnston. “Nemesis Market, through the darknet, was a borderless powerhouse of criminal activity that not only fueled the drug epidemic, but also a multitude of illegal acts with the capacity to harm our citizens and destroy our communities. The FBI stands firm in its commitment to identify and investigate unlawful individuals and dismantle their networks operating with criminal intent.”

    Parsarad is charged with conspiracy to distribute controlled substances and distribution of controlled substances in the Northern District of Ohio and elsewhere. In addition, Parsarad is also charged with money laundering conspiracy for both using proceeds to promote illegal drug dealing and for offering money laundering services through Nemesis Market by mixing cryptocurrencies used to pay for goods and services to obscure their origins. Nemesis users were not allowed to conduct transactions in official, government-backed currencies.

    On March 20, 2024, U.S. law enforcement, in cooperation with German and Lithuanian authorities, seized Nemesis Market and blocked the flow of these drugs into the United States and elsewhere. In March 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against Parsarad for his role as the administrator of Nemesis Market. According to OFAC, Nemesis Market facilitated the sale of nearly $30 million worth of drugs between 2021 and 2024.

    If convicted, Parsarad faces a mandatory minimum penalty of 10 years in federal prison and a maximum penalty of life.

    The FBI Cleveland Division is investigating the case with assistance from the DEA and IRS-CI. The Justice Department’s Office of International Affairs and Cybercrime Liaison Prosecutor to Eurojust provided significant assistance.

    Trial Attorney Gaelin Bernstein of the Criminal Division’s Computer Crime and Intellectual Property Section and Assistant U.S. Attorney Segev Phillips for the Northern District of Ohio are prosecuting the case, with substantial assistance from the U.S. Attorneys Offices for the Northern District of Illinois and District of Massachusetts.

    This case was investigated as part of an FBI-led interagency Joint Criminal Opioid and Darknet Enforcement (J-CODE) operation. J-CODE brings together experts from the DEA, the Postal Inspection Service, Homeland Security Investigations, as well as the Department of Defense and the Customs and Border Protection, along with the FBI. The Justice Department appreciates the cooperation and significant assistance provided by law enforcement partners in the British Virgin Islands, Germany, Lithuania, and Türkiye.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI Russia: The region is developing steadily – Yuri Trutnev on the rate of socio-economic growth of the Magadan Region

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Yuri Trutnev held a meeting on the issue of socio-economic development of the Magadan Region

    April 17, 2025

    Awarding of the public and business prize “Star of the Far East”

    April 17, 2025

    Yuri Trutnev inspected the recreational complex on Zavyalova Island

    April 17, 2025

    Yuri Trutnev inspected the recreational complex on Zavyalova Island

    April 17, 2025

    Yuri Trutnev at the Military Training Center at SVGU

    April 17, 2025

    Previous news Next news

    Yuri Trutnev held a meeting on the issue of socio-economic development of the Magadan Region

    Deputy Prime Minister and Presidential Plenipotentiary Representative in the Far Eastern Federal District Yuri Trutnev held a meeting on the issue of socio-economic development of the Magadan Region.

    “The region is developing steadily. Investments in fixed assets have grown by 3%. This is not the best indicator in the Far East, but there is positive dynamics. The industrial production index has grown by 5.9%, which is already quite a high indicator. Magadan Region confidently ranks second in the Far East in terms of wages. The growth rate of average monthly wages in 2024 was 114.8% compared to 2023. Consolidated budget revenues in 2024 increased by 30%. This is also a good result, which allows us to do a lot of useful things,” Yuri Trutnev opened the meeting.

    The Deputy Prime Minister recalled that the Russian Government continues to work to create conditions for comfortable living for people in the region. “A number of social facilities have been built and reconstructed in the region as part of the presidential unified subsidy. Thanks to the Far Eastern Mortgage program, 2,460 families have improved their housing conditions. More than 2,600 people in the region have received a Far Eastern hectare. On the instructions of the President of Russia, the master plan for the urban district of Magadan is being implemented. The plan provides for infrastructure measures totaling 159 billion rubles. The Government is working to ensure that master plans are financed on time and in full,” he said.

    Magadan Region Governor Sergey Nosov reported on the dynamics of the region’s socio-economic development. The region’s income grew by 143.6%. It was due to the price situation on the precious metals market and the growth of gold production. A record of 54 tons of gold production was achieved. The second stage of the plant at the Pavlik deposit reached its design capacity. As a result of the introduction of the flotation shop by Polyus, the metal recovery rate at the Natalkinskoye deposit was increased. Large investors in the field of mineral extraction are entering the region.

    Energy development issues were discussed. 30 investment projects with a total maximum capacity of energy receiving devices of 490.85 MW are planned for technological connection from 2025.

    Issues of support for the fishing industry were considered. In particular, in order to restore coastal fisheries, as part of the implementation of the instructions of the Prime Minister Mikhail Mishustin, the restoration of the Magadan sea fishing port continues through the implementation of the project “Magadan Sea Logistics Center”.

    The agenda included issues of improving the quality of tourist services. This year, the opening of the first stage of the tourist center on Zavyalova Island is expected. The boutique hotel “Territory” has been built. The balneological resort “Talaya” is getting ready to open. The construction of a four-star hotel has begun. The construction of a sea tourist center continues.

    Yuri Trutnev drew the attention of those present to the introduction of new measures to support investors. The State Duma adopted in the first reading a bill on the creation of a priority development area in the region. “We hope that the result of creating a priority development area will be the development of shipbuilding and ship repair, logistics, tourism, and servicing of mining equipment,” the Deputy Prime Minister noted.

    On the instructions of Russian President Vladimir Putin, the implementation of the Magadan master plan continues. “We still have a lot of work ahead of us to implement the master plans approved by the Russian President. The amounts of funds that are planned to be invested in the construction of new social infrastructure, engineering infrastructure, have never been invested in the Far East. These are really very large amounts of funds. We must ensure thorough implementation of the plans. Ensure that all the money comes to the right place, that all the projects are completed,” emphasized Yuri Trutnev.

    The implementation of the Magadan master plan began in 2019. Within the framework of the master plan, 24 objects were commissioned. The most significant of them was the FOK “Presidential”. Since 2023, the master plan has been implemented within the framework of the long-term comprehensive development plan approved by the order of the Government of Russia. During this time, five objects have been commissioned. The largest of them is the airport terminal complex of Magadan airport, it began operating in December 2024. At the end of the year, a building of the polytechnic college, which had stood unfinished in the city center for more than 30 years, was also opened. An engineering school was commissioned. The Okhotsky Briz boarding house for the elderly and disabled began operating. A cultural development center was opened. A building of the martial arts school was erected with extra-budgetary funds. The improvement of the left bank of the Dukcha River has been completed, a children’s playground is being equipped in the Dukcha Park. This year, the fourth stage of Mayak Park is planned to be commissioned – a cultural and social center and a fountain.

    In 2025, four facilities are planned to be commissioned within the framework of the infrastructure menu, three of which are being built using the Far Eastern concession mechanism, including a multidisciplinary rehabilitation center for 50 people. According to the head of the region, Sergei Nosov, the work will continue in all sectors. “There can be no trifles here. The tasks have been set. The result of this meeting were very specific instructions on the issues that were voiced by people directly working on this land. The solution of the tasks set will allow us to improve the work, indicators, including revenues to the regional budget,” he noted.

    “There is a lot of work. Some of the issues are related to the work of federal ministries. We just need to solve the problems together with the region. I can only say one thing. We have no right to work carelessly. I would like to emphasize that the region is working purposefully, honestly and trying to achieve results,” Yuri Trutnev summed up the meeting.

    On the same day, the Deputy Prime Minister familiarized himself with the implementation of investment projects and visited a number of sites. In particular, he arrived at the military training center at SVGU, where he familiarized himself with the presentation of UAVs manufactured within the framework of the Patriotic priority development area, inspected the construction of a marine tourist center in Nagaev Bay, inspected a recreational complex on Zavyalova Island, visited a shooting sports site under construction in the Staraya Vesyolaya microdistrict, and talked with the management of the Rynda cultural and exhibition center, an independent art venue created to develop the artistic environment of the city and the region.

    Yuri Trutnev also met with Natalia Sivakova, who became the winner of the “Everything for Victory” nomination of the seventh public and business award “Star of the Far East”. The award was given to the project of the school of unmanned aerial vehicles based on the OGUP “Aviation of Kolyma”, within the framework of which not only military personnel are trained, but also drones are assembled.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Dmitry Patrushev: In 2024, the Government allocated 64 billion rubles for the development of forestry

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Dmitry Patrushev spoke at a meeting dedicated to the main results of the work of the forestry sector of the Russian Federation in 2024 and the tasks for 2025

    April 17, 2025

    Dmitry Patrushev spoke at a meeting dedicated to the main results of the work of the forestry sector of the Russian Federation in 2024 and the tasks for 2025

    April 17, 2025

    Meeting dedicated to the main results of the forestry work of the Russian Federation in 2024 and tasks for 2025

    April 17, 2025

    Meeting dedicated to the main results of the forestry work of the Russian Federation in 2024 and tasks for 2025

    April 17, 2025

    Previous news Next news

    Dmitry Patrushev spoke at a meeting dedicated to the main results of the work of the forestry sector of the Russian Federation in 2024 and the tasks for 2025

    Deputy Prime Minister Dmitry Patrushev spoke at a meeting dedicated to the main results of the work of the forestry sector of the Russian Federation in 2024 and the tasks for 2025. It was held at the site of the National Center “Russia”.

    “Russia accounts for a fifth of the world’s forest reserves. Thanks to this, our country makes a major contribution to ensuring global environmental well-being. For several years now, more forests have been appearing in Russia than are being lost. This is facilitated by the measures implemented by the Federal Forestry Agency, attracting businesses. In 2024, forest restoration was one and a half times greater than the area of felled and dead trees. We must continue to adhere to the given vector. The amount of funds allocated by the Government for the development of forestry in 2024 amounted to 64 billion rubles,” Dmitry Patrushev reported.

    The Deputy Prime Minister emphasized that, on the instructions of the President of Russia, forest users in the Northwestern Federal District were partially exempted from paying rent for 2023, which also provided businesses with the necessary support. Separate measures are also provided for wood processors.

    “The forestry complex is a solid base for the relevant industry, a significant component of the economy of most regions. Therefore, it is very important that in 2024 the systematic recovery of the industry after the introduction of sanctions continued. The rise was largely facilitated by previously adopted support measures. According to the results of last year, timber harvesting increased by more than 6 million cubic meters. We expect that in 2025 the positive dynamics will continue and harvesting volumes will exceed 200 million cubic meters,” added Dmitry Patrushev.

    During the implementation of the national project “Ecology”, the total area of new forest plantations reached almost 8 million hectares. Forest restoration was also included in the new national project “Ecological Well-Being”. The Government has allocated more than 16 billion rubles for the implementation of relevant measures until 2030.

    Special attention was paid to fighting forest fires at the meeting. Dmitry Patrushev drew attention to the need for regions to eliminate at least 80% of fires within the first 24 hours after detection. The Deputy Prime Minister emphasized that the key to effective work is to direct adequate forces and resources to extinguishing fires.

    To strengthen interdepartmental coordination, an all-Russian headquarters dedicated to the passage of the fire season was held in March of this year.

    In 2025, the Government has allocated almost 20 billion rubles to fight forest fires, which is significantly more than last year. More than 5 billion of the total amount is allocated to expand the system of regional air bases in the most fire-prone regions and strengthen their material and technical base. In January, a new forest fire center began operating in the Far East. Its work will facilitate more rapid extinguishing of complex fires typical for this district.

    Speaking about the strategic directions of forestry development, Dmitry Patrushev reported that in accordance with the instruction of the President of Russia, the efficiency of the forestry industry continues to be improved. First of all, this concerns the issues of decriminalization and the fight against illegal logging and transportation of timber. The Deputy Prime Minister also noted the need to improve the efficiency of forest patrolling, including through the introduction of remote methods and unmanned aerial systems. As part of a separate national project, the industry will receive almost 1.5 thousand drones.

    Since January 1, 2025, the federal forestry information system has been launched, which allows real-time data on raw material routes, volumes and species composition. Dmitry Patrushev emphasized that the legalization of forestry has significantly increased budget revenues. Last year alone, the volume of funds exceeded 80 billion rubles. According to him, these funds should also be directed to the industry. For example, this year, almost 3.5 billion rubles have been allocated to increase the salaries of industry specialists. And a total of 24 billion rubles are planned to be directed by 2030.

    In conclusion, Dmitry Patrushev added that the key tasks of the forestry complex are united in the corresponding strategy, which is being updated this year. In terms of forestry, according to him, it is necessary to pay attention to advanced forest restoration, reducing the area of fires, digitalization and improving the quality of forest accounting. A special emphasis should be placed on establishing a fair price for the use of forest resources.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Dmitry Chernyshenko: This year, more than 40.5 thousand holiday camps should host about 6 million schoolchildren

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Dmitry Chernyshenko held a meeting dedicated to the organization of summer children’s recreation in 2025

    April 17, 2025

    Dmitry Chernyshenko held a meeting dedicated to the organization of summer children’s recreation in 2025

    April 17, 2025

    Dmitry Chernyshenko held a meeting dedicated to the organization of summer children’s recreation in 2025

    April 17, 2025

    Dmitry Chernyshenko held a meeting dedicated to the organization of summer children’s recreation in 2025. Minister of Education Sergey Kravtsov

    April 17, 2025

    Previous news Next news

    Dmitry Chernyshenko held a meeting dedicated to the organization of summer children’s recreation in 2025

    Deputy Prime Minister Dmitry Chernyshenko held a meeting dedicated to the organization of summer children’s recreation in 2025. The meeting was attended by Minister of Education Sergei Kravtsov, Deputy Chairperson of the State Duma Anna Kuznetsova, First Deputy Chairperson of the Federation Council Committee on Federal Structure, Regional Policy, Local Government and Northern Affairs Galina Karelova, representatives of relevant federal departments and organizations, as well as heads of regions.

     

    Dmitry Chernyshenko emphasized that the organization of summer children’s recreation is one of the priority areas of the national project “Youth and Children” and requires special attention to issues of quality and safety.

     

    “President Vladimir Vladimirovich Putin said that special attention should be paid to the quality and safety of children’s recreation. To do this, we must implement comprehensive measures in these areas. The task is very large-scale. This year, more than 40.5 thousand camps should accept about 6 million schoolchildren. In the Year of the Defender of the Fatherland, we must take care of the recreation of all children, and especially the children of our heroes – participants in the special military operation. I ask you to keep this issue under constant control. Patriotic shifts dedicated to the 80th anniversary of the Great Victory must be held in all federal children’s centers. It is extremely important that our current heroes – participants of the SVO – tell the story of glorious victories,” said Dmitry Chernyshenko.

     

    The Deputy Prime Minister added that last year, approximately 165 thousand children of SVO participants spent their holidays in children’s camps.

     

    During the meeting, it was also noted that a federal law had come into force, obliging regions to establish quotas for disabled children and children with limited health capabilities in state and municipal camps. Rospotrebnadzor updated its guidelines for children’s nutrition.

     

    Dmitry Chernyshenko noted that, on the instructions of the President, this year information and analytical panels will be introduced that will help monitor the progress of the health campaign.

     

    “This is a single digital platform where key data will be concentrated: camp occupancy, fulfillment of quotas for children with disabilities, compliance with safety standards, financial accounting, and others. I ask the Ministry of Education to launch this tool across the country as early as June 1,” he added.

     

    Dmitry Chernyshenko emphasized that the upcoming summer season is rich in anniversary events – the 100th anniversary of Artek, the 40th anniversary of the All-Russian Children’s Center Smena and the 65th anniversary of the All-Russian Children’s Center Orlyonok, and noted the special role of these centers in forming the correct attitude to history and spiritual and moral values among young people.

     

    The Deputy Prime Minister expressed gratitude to all participants in the preparation for the summer season, including the State Duma deputies and personally its Chairman Vyacheslav Volodin, as well as the Chairman of the Federation Council Valentina Matviyenko.

     

    As a result, instructions were given aimed at further improving the quality, safety and accessibility of children’s summer recreation, including the launch of a camp monitoring system and collecting feedback.

     

    “In general, the education system is ready for the summer health campaign. It is important to make every effort to ensure that children’s recreation this year is organized efficiently and safely. The federal law “On the Basic Guarantees of Children’s Rights in the Russian Federation” has been amended to require websites and educational programs in children’s camps. They came into force on April 1. By summer, each camp must have its own website, developed taking into account our approximate structure and containing all the necessary information. All subjects have been sent methodological recommendations on the development of educational programs, containing event scenarios,” the Minister of Education said.

     

    Sergei Kravtsov noted that the ministry is holding district seminars for directors of children’s camps and representatives of regional resource centers, where current issues of preparation for the summer are explained.

     

    The Minister of Education reported that the federal infrastructure modernization program is being implemented. He drew the attention of regional representatives to the importance of concluding contracts and starting work within the program, and also instructed them to take measures to return previously repurposed organizations to ownership.

     

    Sergei Kravtsov pointed out that in the Year of the Defender of the Fatherland, special attention should be paid to events dedicated to the 80th anniversary of the Victory in the Great Patriotic War, and corresponding thematic days should be held in each camp.

     

    Deputy Minister of Transport Alexey Shilo noted that, in accordance with the Government Resolution, since March the cost of travel on long-distance trains for all children aged 10 to 18 has been half the cost of an adult ticket. Since March 5, more than 1.1 million tickets have been issued. In addition to federal benefits, carriers and the Russian Railways holding company offer bonus programs and promotions. This is the year-round tariff plan “Big Family”, which provides a 15% discount on travel in compartment cars for families with three or more children.

     

    Chairman of the Board of the Movement of the First, Hero of Russia Artur Orlov emphasized that for the specialized shifts, the Movement of the First, together with the scientific and pedagogical community and federal children’s centers, has developed 19 programs in various areas of activity. The content of the shift programs includes events dedicated to the 80th anniversary of the Victory in the Great Patriotic War, the Year of the Defender of the Fatherland, events that allow you to get acquainted with the mission, values, and flagship projects of the Movement of the First.

     

    Representatives of the Ministry of Education and Science, the Ministry of Health, the Ministry of Emergency Situations, the Ministry of Internal Affairs, the Prosecutor General’s Office, Rospotrebnadzor, Rosmolodezh, the International Children’s Center “Artek” and the “Movement of the First”, the heads of the Republic of Mari El, the Republic of Crimea, Krasnodar Krai and others also spoke during the meeting.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Security: Rochester woman pleads guilty to defrauding Social Security

    Source: Office of United States Attorneys

    ROCHESTER, N.Y.-U.S. Attorney Michael DiGiacomo announced today that Wendy Stone, 63, of Rochester, NY, pleaded guilty before U.S. District Judge Frank P. Geraci, Jr. to conversion/unlawful conveyance of government money, which carries a maximum penalty of 10 years in prison and a $250,000 fine.

    Assistant U.S. Attorney Nicholas A. Testani, who is handling the case, stated that in December 2022, Victim 1 was a recipient of benefits under the Supplemental Security Income (SSI) Program. On December 28, 2022, Victim 1 died at a residence in Rochester. Stone discovered Victim 1’s body days after Victim 1 died. She was also aware that Victim 1 collected SSI Program benefits. But rather than inform authorities of Victim 1’s death, Stone took Victim 1’s debit card and spent SSI Program money still being deposited into Victim 1’s account for her own benefit. In furtherance of this scheme, Stone used Victim 1’s social security number to activate a new debit card in the name of Victim 1. In order to conceal Victim 1’s death and continue receiving Victim 1’s SSI Program benefits, Stone moved Victim 1’s corpse into the basement of the residence Victim 1 died in. She wrapped Victim 1’s corpse in plastic, placed it in a recycling bin, and periodically poured bleach on it. Victim 1’s corpse remained in the basement from December 2022 to September 2023. Between January 2023 and September 2023, Stone improperly collected $7,902.00 in SSI Program benefits intended for Victim 1. In addition, on February 6, 2023, Stone recertified SNAP benefits. In her recertification, Stone stated that Victim 1 still resided with her. As a result of this false information, Stone received an additional $1,072.00 in SNAP benefits that she was not entitled to receive.

    The plea is the result of an investigation by the Social Security Administration Office of Inspector General, under the direction of Special Agent-in-Charge Amy Connelly and the Rochester Police Department, under the direction of Chief David Smith.

    Sentencing is scheduled for July 17, 2025, at 11:30 a.m., before Judge Geraci.

    # # # #

    MIL Security OSI –

  • MIL-OSI: WISeKey Releases 2024 Audited Financial Results and Outlines its 2025 Vision for Post Quantum Technology Convergence

    Source: GlobeNewswire (MIL-OSI)

    WISeKey Releases 2024 Audited Financial Results and Outlines its 2025 Vision for Post Quantum Technology Convergence

    Schedules Conference Call and Webcast for Tuesday, April 22 at 10:00 am ET (4:00 pm CET)

    Geneva, Switzerland – April 17, 2025 – Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules – WISeKey International Holding Ltd (NASDAQ: WKEY / SIX: WIHN) (“WISeKey” or “the Company”), a global leader in cybersecurity, digital identity, and IoT technologies, today announced its audited financial results for the year ended December 31, 2024, and shared its strategic vision for 2025, a year expected to be defined by the convergence of foundational technologies and the emergence of Sovereign AI.

    Carlos Moreira, Founder and CEO of WISeKey, commented: “2024 has been a pivotal year for WISeKey. We ended the year with a very strong balance sheet, strategic technological milestones, and a clear roadmap to take advantage of new opportunities ahead. From launching 17 secure satellites in partnership with SpaceX and further advancing negotiations on our semiconductor personalization center strategy, to scaling our blockchain platforms and developing post-quantum chips, we have created a solid foundation across every layer of digital trust infrastructure.

    We started 2025 on a very strong note and have now entered what I define as the ‘Year of WISeKey Convergence.’ This is more than a strategy, it is a paradigm shift. We are bringing together four foundational pillars: semiconductors, satellites, blockchain, and digital identity, into unified and interoperable ecosystems. This convergence allows us to offer end-to-end solutions where each component reinforces the other, enabling exponential innovation and resilience.

    For instance, our post-quantum secure chips, developed by our semiconductor subsidiary SEALSQ Corp (Nasdaq: LAES), are now being embedded into WISeSat satellites to create a secure foundation for a decentralized IoT infrastructure. Blockchain and identity platforms like SEALCOIN and WISeID are being deployed to power autonomous, tamper-proof transactions between machines, satellites, and users. Combining this with our partnership with the Hedera distributed ledger, brings transparency and immutability to these transactions. Additionally, our work with the Swiss Army is proceeding with the testing of a secure smartphone and secure communications with our WISeSat Satellites.

    This convergence approach positions WISeKey at the intersection of some of the most critical transformations of our time, such as quantum-resilient security, space-based connectivity, and the decentralized economy. We are not just adapting to the digital future, we are building it. For WISeKey, 2025 is expected to be a year of execution and scale, where our integrated business units aim to deliver tangible impact.”

    FY 2024 HIGHLIGHTS

    • $90.6 million cash balance (as of December 31, 2024) alongside a much cleaner balance sheet.
    • $11.9 million FY 2024 revenue, down from $30.1 million in FY 2023, reflects an expected decrease as a result of a transitional year with semiconductors customers gradually shifting to our next-generation quantum-resistant solutions and delayed building inventory until the release alongside the impact of the excess inventory accumulation by customers in 2023.
    • $7.0 million investments in R&D for the development of new projects and technologies, including SEALSQ’s post-quantum chip, SEALCOIN, and our WISeSat next generation satellites.
    • First engineering samples of our new quantum resistant secure microcontroller delivered in Q4 2024, in line with our semiconductors’ R&D plan initiated in 2022. We are on target to make our QVault-TPM, the next generation of secure microcontrollers built by SEALSQ on our new Secure RISC-V CPU, available on the market in Q4 2025.
    • Signed a landmark agreement with the Swiss Army to co-develop advanced cybersecurity and space-based capabilities. The first new generation WISeSat satellite under this initiative was launched in January 2025.
    • $115 million pipeline of secured and pending business opportunities over the period from 2026 to 2028 as of April 15, 2025.

    LOOKING AHEAD TO 2025

    Strong Financial Foundation to Support Strategic Growth

    WISeKey’s 2024 year-end solid cash position in excess of $90 million (predominantly secured via the over $80 million capital raised during 2024 by SEALSQ), alongside the availability of any additional financing should it be required, and its much cleaner balance sheet, place the Company in a very strong position to invest in high-growth areas such as post-quantum cybersecurity, next-generation semiconductors, satellite infrastructure, and blockchain-based ecosystems.

    Despite certain sector-wide headwinds, the Company’s overall outlook remains robust with a pipeline of secured and pending business opportunities exceeding $115 million for the period from 2026 to 2028, supported by growing public sector and defense partnerships.

    WISeKey anticipates strong growth in 2025, propelled by SEALSQ’s quantum-resistant technology developments and expanding IoT security demand. This growth is expected to be driven by the integration of chip revenue from new sources, an expansion in chip personalization services, additional revenue generated by WISeSat, and the consolidated revenue from our planned investments.

    In our semiconductors vertical, SEALSQ has been the main revenue contributor in 2024 and in prior years. We anticipate that our new Quantum-Resistant chips will be available on the market in Q4 2025. WISeKey foresees generating substantial returns from the full-scale commercial deployment of this quantum resistant chip starting in 2026.

    WISeKey has therefore taken several initiatives to develop new revenue streams and strengthen net results.

    These initiatives include:

    • Quantix Edges: Semiconductor Personalization & Design Center in Spain

    WISeKey and SEALSQ jointly, together with OdinS and TProtege, two Spanish companies with extensive experience in R&D&I (Research & Development & Innovation) worldwide and in the design and manufacturing of IoT devices and solutions, plan to establish in the Region of Murcia a “Center of Excellence in Cybersecurity and Microchips” under the financial umbrella of the Microelectronics and Semiconductors Plan (PERTE CHIP) initiated by Spain.   The project called Quantix Edges is in the final stages of the approval process by SETT, the Spanish government’s entity responsible for funding under the PERTE budgets.

    • Consolidated revenue from acquisition opportunities

    The potential IC’ALPS acquisition, if completed, would bolster SEALSQ’s Application-Specific Integrated Circuit (ASIC) development, and further strengthen WISeKey’s portfolio of products.

    • WISeSat’s new generation satellites

    Six more launches are planned during 2025 and 2026, with the next one currently scheduled for June 2025.

    • SEALCOIN’s TIoT commercial launch

    Following on from the successful Proof of Concept carried out in Q1 2025, SEALCOIN is working to identify partners to perform other PoCs and further demonstrate its readiness for industrialization of its TIoT solution.

    • Quantum as a Service

    In 2025, WISeKey advanced its commitment to quantum computing by investing in ColibriTD, a pioneering quantum technology company, aiming to integrate ColibriTD’s Quantum-as-a-Service (QaaS) platform into its Quantum Roadmap.

    • Scaled Up Global Footprint

    WISeKey continues to strategically expand its global presence, secure key partnerships with renowned distributors and sales representatives in crucial markets. These alliances have strengthened WISeKey’s market position while fueling growth by leveraging each partner’s expertise and established networks.

    KEY DEVELOPMENTS BY SUBSIDIARY

    SEALSQ: Leadership in IoT and Post-Quantum Cryptography Era

    SEALSQ advanced the Company’s mission to secure the connected world by focusing on post-quantum cryptography (PQC) and IoT security. Through its QUASAR platform, SEALSQ developed quantum-resistant technologies to protect data against future quantum threats, aligning with global standards like those from NIST. SEALSQ’s future strategy is built around four key priorities:

    1. Commercial Launch of Post-Quantum Chips

    • Commercial launch of two new post-quantum semiconductors, targeting IoT, PC, Tablets, and various industrial applications including medical, military and automotive sectors.
    • Expansion of chip fabrication partnerships to increase output for enterprise and government security solutions.
    • SEALSQ has set an ambitious five-year target to capture 20% of the Trusted Platform Module (TPM) market, a goal supported by strong market engagement. By the end of 2024, SEALSQ had secured over 60 qualified leads and one Design-IN for its TPM products, which are slated for commercial launch in 2025.
    • Developing Quantum resistant ASIC (custom design secure chips) for specific large client needs.

    2. Executing Targeted Acquisitions, Investments and Joint Ventures

    • Advanced and exclusive negotiations to acquire 100% of IC’ALPS; expected to be finalized in 2025.
    • As part of its global expansion strategy, SEALSQ is in final stage negotiations with Spanish authorities to establish an Outsourced Semiconductor Personalization and Test Center (OSPTC) in Spain. SEALSQ is exploring the development of similar OSPTCs in India, the United States, and the Middle East and Africa (MEA).
    • Planned continuing investment in startups engaged in quantum computing and AI initiatives as part of the SEALQUANTUM Initiative.

    3. R&D and Strategic Investments in Post-Quantum Security

    • SEALSQ is investing in the final development, qualification, certification (Common Criteria EAL5+ and FIPS 140-3 Level 3) process and the Industrialization (Wafer Test, Final Test, Packaging, Key Injection) of its Quantum-Resistant TPM 2.0 chip with a commercial launch target date set for Q4 2025. We are in discussions with over 60 interested potential customers, including major electronics manufacturers.
    • Scaling the first TPM PQC chip in broader ASIC offer for addressing the Medical, Defense, and IoT market segments.
    • First deployment of SEALSQ’s Quantum Resistant IoT chips on the WISeSat picosatellite constellation, enhancing secure connectivity in remote regions.

    4. Expanding Trust Services

    • Scaling managed PKI solutions for Matter IoT and enterprise security.
    • Expanding SSL/TLS and GSMA certificate offerings to reinforce global digital trust ecosystems.
    • Pushing adoption of INeS PKI Post quantum Cryptography latest features.

    WISeSat: Expanding Secure Space Capabilities

    WISeKey advanced its WISeSat.Space project, deploying low-earth-orbit picosatellites to provide secure IoT connectivity for remote applications. The Company continued to invest in this innovative satellite network, aiming to enhance global coverage for IoT ecosystems. With further deployments planned for 2025, WISeSat.Space is poised to address growing market demand for secure, satellite-based communication solutions, supporting critical infrastructure and underserved regions.

    Strategic Partnership with Swiss Armed Forces in the Space Sector
    In 2024, the WISeSat.Space division not only reinforced its strategic partnership with the Swiss Armed Forces in the space sector through the initiation of new projects, but it also formalized agreements with RUAG, the strategic integrator for the Swiss Armed Forces, for a national defence project focused on device-to-device communications.

    European Low Earth Orbit Satellite Constellation
    To date, WISeSat.Space has launched 17 mini-satellites with Space X into orbit through a strategic investment and partnership with FOSSA Systems, aimed at expanding its portfolio of space technology assets. Over the next 36 months, WISeSat.Space plans to deploy 88 next-generation satellites, following the January 2025 launch from California, which should significantly enhance global IoT connectivity and environmental monitoring capabilities, supporting applications such as climate change analysis, disaster response, and precision agriculture.

    Pioneering Blockchain and Cryptocurrency Transactions from Space
    In 2024, we took steps to launch a groundbreaking mission that harnesses WISeKey’s advanced security solutions in conjunction with the Hedera network to pioneer the exchange of SEALCOIN from space. Successfully tested in Q1 2025, this initiative marked the first-ever demonstration of secure digital cryptocurrency transactions conducted from orbit and established a proof-of-concept redefining boundaries of blockchain integration, a new era of space-based digital economies. Through this innovative endeavour, we reaffirmed our commitment to leading the development of digital currencies in an expanding technological landscape.

    Blockchain Ecosystem: SEALCOIN and WISe.ART

    SEALCOIN, WISeKey’s transactional IoT platform, made significant progress toward deploying decentralized digital identity solutions, leveraging blockchain to enable secure Web 3.0 transactions using our WISelD platform to incorporate Distributed Identity capabilities. With a development timeline set for key milestones in 2025, SEALCOIN aims to deliver scalable solutions for secure, trust-based interactions across digital networks, enhancing user control over identity and data.

    WISe.ART advanced its blockchain-based ecosystem for digital art and NFTs, integrating Web 3.0 technologies to ensure secure authentication and tokenization, capitalizing on the digital collectibles market. The WISe.ART platform has been developed to serve galleries, museums, and collectors, backed by WISeKey’s root-of-trust and blockchain compatible certificates of authenticity.

    WISeID: Empowering Private Digital Identity

    WISeID, WISeKey’s flagship digital identity platform, introduced biometric authentication, self-sovereign identity (SSI), and post-quantum cryptographic protocols, making it one of the world’s most secure digital identity systems.

    Complementing this, during 2024 WISeKey announced the ongoing development and planned launch of the SEALPhone, an ultra-secure smartphone designed with a privacy-by-design architecture. Currently in testing mode with several strategic clients, SEALPhone integrates WISeID and SEALCOIN, enabling secure communication, identity protection, and digital asset storage on a single hardware platform.

    FILING OF 2024 ANNUAL REPORT ON FORM 20-F

    WISeKey filed its Condensed Consolidated Financial Statements in the Form 20-F for the full year period ended December 31, 2024, with the U.S. Securities and Exchange Commission on April 17, 2025. The Form 20-F can be accessed by visiting the Company’s website at www.wisekey.com.
    In addition, the Company’s stockholders may receive a hard copy of the Form 20-F, which includes complete audited financial statements, free of charge by contacting its Investor Relations Representative at lcati@equityny.com or +1 212 836-9611.

    CONFERENCE CALL

    The Company will host a conference call to review its results on Tuesday, April 22, 2025, at 10:00 am ET (4:00 pm CET). To join, please use the following dial-in numbers:

    • Toll-Free Dial-In Number: 877-445-9755
    • International Dial-In Number: 201-493-6744

    The webcast of the call can be accessed through the Investor Relations section of WISeKey’s website at www.wisekey.com. An archived version of the call will also be made available.

    ADDITIONAL FINANCIAL & OPERATIONAL DATA

    Consolidated Statements of Comprehensive Income/(Loss) [as reported]

      12 months ended December 31,
    USD’000, except earnings per share 2024   2023   2022
               
    Net sales 11,875   30,918   23,814
    Cost of sales (7,104)   (15,754)   (13,588)
    Depreciation of production assets (478)   (420)   (132)
    Gross profit 4,293   14,744   10,094
               
    Other operating income 184   167   2,073
    Research & development expenses (7,026)   (4,398)   (3,862)
    Selling & marketing expenses (8,550)   (6,523)   (7,275)
    General & administrative expenses (16,324)   (17,290)   (11,466)
    Total operating expenses (31,716)   (28,044)   (20,530)
    Operating loss (27,423)   (13,300)   (10,436)
               
    Non-operating income 1,629   2,374   3,937
    Debt conversion expense (32)   (562)   (827)
    Interest and amortization of debt discount (1,013)   (624)   (168)
    Non-operating expenses (2,018)   (3,107)   (5,551)
    Loss before income tax expense (28,857)   (15,219)   (13,045)
               
    Income tax income / (expense) (3,086)   (230)   3,238
    Loss from continuing operations, net (31,943)   (15,449)   (9,807)
               
    Discontinued operations:          
    Net sales from discontinued operations –   –   1,805
    Cost of sales from discontinued operations –   –   (978)
    Total operating and non-operating expenses from discontinued operations –   –   (5,274)
    Income tax recovery from discontinued operations –   –   25
    Loss on disposal of a business, net of tax on disposal –   –   (15,026)
    Income / (loss) on discontinued operations –   –   (19,448)
               
    Net loss (31,943)   (15,449)   (29,255)
               
    Net loss attributable to noncontrolling interests (18,497)   (89)   (1,780)
    Net loss attributable to WISeKey International
    Holding Ltd    		 (13,446)   (15,360)   (27,475)
               
    Earnings per Class A Share (USD)          
    Earnings per Class A Share from continuing operations          
    Basic (0.92)   (0.50)   (0.44)
    Diluted (0.92)   (0.50)   (0.44)
    Earnings per Class A Share from discontinued operations          
    Basic –   –   (0.87)
    Diluted –   –   (0.87)
               
    Earning per Class A Share attributable to WISeKey International Holding Ltd          
    Basic (0.39)   (0.51)   (1.22)
    Diluted (0.39)   (0.51)   (1.22)
               
    Earnings per Class B Share (USD)          
    Earnings per Class B Share from continuing operations          
    Basic (9.17)   (5.01)   (4.36)
    Diluted (9.17)   (5.01)   (4.36)
    Earnings per Class B Share from discontinued operations          
    Basic –   –   (8.65)
    Diluted –   –   (8.65)
               
    Earning per Class B Share attributable to WISeKey International Holding Ltd          
    Basic (3.86)   (5.06)   (12.22)
    Diluted (3.86)   (5.06)   (12.22)
               
    Other comprehensive income / (loss), net of tax:          
    Foreign currency translation adjustments 287   (842)   (1,434)
    Reclassifications out of the OCI arising during period –   –   1,156
    Defined benefit pension plans:          
    Net gain (loss) arising during period (1,206)   (1,151)   2,934
    Other comprehensive income / (loss) (919)   (1,993)   2,656
    Comprehensive income / (loss) (32,862)   (17,442)   (26,599)
               
    Other comprehensive income / (loss) attributable to noncontrolling interests (28)   (99)   (964)
    Other comprehensive income / (loss) attributable to WISeKey International Holding Ltd (891)   (1,894)   3,620
               
    Comprehensive income / (loss) attributable to noncontrolling interests (18,525)   (188)   (2,744)
    Comprehensive income / (loss) attributable
    to WISeKey International Holding Ltd    		 (14,337)   (17,254)   (23,855)

    The notes are an integral part of our consolidated financial statements.

    Consolidated Balance Sheets [as reported]

      As at December 31,   As at December 31,
    USD’000 2024   2023
           
    ASSETS      
    Current assets      
    Cash and cash equivalents 90,600   15,311
    Accounts receivable, net of allowance for credit losses 4,285   5,471
    Notes receivable, current 13   63
    Inventories 1,418   5,230
    Prepaid expenses 1,364   1,290
    Government assistance 2,247   1,718
    Other current assets 573   1,008
    Total current assets 100,500   30,091
           
    Noncurrent assets      
    Notes receivable, noncurrent 32   –
    Deferred income tax assets –   3,077
    Deferred tax credits 250   15
    Property, plant and equipment net of accumulated depreciation 3,275   3,392
    Intangible assets, net of accumulated amortization 96   96
    Operating lease right-of-use assets 1,502   2,052
    Goodwill 8,317   8,317
    Equity securities, at cost 455   486
    Other noncurrent assets 261   275
    Total noncurrent assets 14,188   17,710
    TOTAL ASSETS 114,688   47,801
           
    LIABILITIES      
    Current Liabilities      
    Accounts payable 13,496   12,863
    Notes payable 5,900   4,085
    Indebtedness to related parties, current 78   79
    Convertible note payable, current 9   190
    Deferred revenue, current 93   217
    Current portion of obligations under operating lease liabilities 607   638
    Income tax payable 2   4
    Other current liabilities 1,135   832
    Total current liabilities 21,320   18,908
           
    Noncurrent liabilities      
    Bonds, mortgages and other long-term debt 102   1,820
    Convertible note payable, noncurrent –   1,519
    Deferred revenue, noncurrent 21   24
    Indebtedness to related parties, noncurrent 1,387   –
    Operating lease liabilities, noncurrent 853   1,443
    Employee benefit plan obligation 3,877   3,001
    Other noncurrent liabilities 4   2
    Total noncurrent liabilities 6,244   7,809
    TOTAL LIABILITIES 27,564   26,717
    Commitments and contingent liabilities      
           
    SHAREHOLDERS’ EQUITY      
    Common stock – Class A 16   400
               Par value – CHF 0.01 and CHF 0.25      
    Authorized – 2,000,880 and 2,000,880 shares      
    Issued and outstanding – 1,600,880 and 1,600,880 shares      
    Common stock – Class B 359   8,170
    Par value – CHF 0.10 and CHF 2.50      
    Authorized – 6,194,267 and 6,194,267      
    Issued – 3,365,560 and 3,076,150      
    Outstanding – 3,309,052 and 2,954,097      
    Share subscription in progress 1   –
    Treasury stock, at cost (56,508 and 122,053 shares held) (502)   (691)
    Additional paid-in capital 316,431   289,448
    Accumulated other comprehensive income / (loss) 3,150   4,041
    Accumulated deficit (294,407)   (280,961)
    Total shareholders’ equity attributable to WISeKey shareholders 25,048   20,407
    Noncontrolling interests in consolidated subsidiaries 62,076   677
    Total shareholders’ equity 87,124   21,084
    TOTAL LIABILITIES AND EQUITY 114,688   47,801

    The notes are an integral part of our consolidated financial statements.

    Our Chief Executive Officer and Chief Financial Officer, after evaluating the effectiveness of our disclosure controls and procedures as of the end of the period covered by the 2024 annual report, identified a material weakness in our internal control over financial reporting relating to an ineffective review control that was identified by the auditor.  As a result, an adjustment was made to the additional paid-in capital and noncontrolling interest in the equity accounts by the Company prior to the issuance of the financial statements ended December 31, 2024, which did not impact upon the total equity. See Note 3 to the consolidated financial statements.

    About WISeKey
    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer

    Forward-Looking Statements

    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “continue,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or similar words. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include WISeKey’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; the growth of the post-quantum cryptography market; the adoption by developers and customers of quantum computing; the successful launch our post-quantum chips; our ability to sell post-quantum cryptography products to consumers; our ability to develop NIST-approved algorithms for our post-quantum semiconductor technologies; our ability to expand our chip personalization services; our ability to derive consolidated revenue from our planned investments; growth in our cybersecurity certificate and managed PKI services and acquisitions; our ability to expand our Semiconductor personalization and design facilities and semiconductor production; our ability to grow our U.S., Middle East and Asia-Pacific market presence; our ability to expand our Trust services; our development and tokenization of WISe.ART; our expansion of the WISeSat.Space project and the deployment of our next generation satellites; our proposed expansion into EMEA, North America and Asia; the deployment and commercialization of SEALCOIN and TIoT; the ongoing development and adopted of WISeID; and the risks discussed in WISeKey’s filings with the SEC. Risks and uncertainties are further described in reports filed by WISeKey with the SEC.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact:  Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@equityny.com

    The MIL Network –

  • MIL-OSI USA: Padilla Appointed to Senate National Security Working Group

    US Senate News:

    Source: United States Senator Alex Padilla (D-Calif.)
    WASHINGTON, D.C. — Today, U.S. Senator Alex Padilla (D-Calif.) announced that Minority Leader Chuck Schumer (D-N.Y.) appointed him to another term serving on the National Security Working Group, a bipartisan group of Senators founded 40 years ago to address critical national security and foreign policy issues.
    Padilla was appointed to fill Senator Dianne Feinstein’s position on the working group after her passing in 2023. Feinstein served as a member of the group for over a decade.
    “As the United States faces increasing threats from adversaries like China and Russia, safeguarding our national security is a key priority,” said Senator Padilla. “I am honored to serve another term to advance emerging technologies essential for our national security, while striving to uphold Senator Feinstein’s legacy of working across the aisle to strengthen our alliances and protect human rights around the globe.”
    Senator Padilla has fought to protect American national security interests and is a staunch advocate for defending human rights. As a Commissioner of the bipartisan National Security Commission on Emerging Biotechnology (NSCEB), Padilla recently introduced the bipartisan National Biotechnology Initiative Act of 2025 to set in motion a whole-of-government approach to advancing biotechnology for U.S. national security, economic productivity, and competitiveness. The bill followed the Commission’s release of their major report and action plan, urging Congressional action to protect U.S. national security by bringing the full weight of American innovation to improve and maintain U.S. global leadership in biotechnology.

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Dan Goldman, Borough President Antonio Reynoso, Organized Labor, Energy Advocates Slam Trump Administration’s Stop Work Order on New York’s Second Largest Offshore Wind Project

    Source: US Congressman Dan Goldman (NY-10)

    Trump Administration Illegally Ordered Construction to Cease at Empire Wind 1, Threatens Offshore Wind Projects Nationwide 

     

    Empire Wind 1 Development Employs 1,500 Union Workers, Will Power 500,000 NYC Homes Upon Completion 

     

    See Pictures and Video from Event Here

    New York, NY – Congressman Dan Goldman (NY-10) was today joined by Brooklyn Borough President Antonio Reynoso, organized labor, and industrial workforce and energy advocates for a press conference slamming the Trump administration’s unlawful stop work order for the fully-permitted Empire Wind 1 wind farm — the second-largest wind farm project in New York State — and urging the administration to reverse course. 

    The project employs 1,500 union workers and was set to deliver clean, renewable energy to over half a million New York City homes, provide over $100 million in supply chain economic investments across New York, and make significant progress toward the city’s climate and energy goals. 

    “Trump’s decision to halt the Empire Wind 1 project, and all offshore wind development, is a betrayal of his own ‘America first’ agenda,” Congressman Dan Goldman said. “If executed, this directive would kill thousands of union jobs, reduce American manufacturing, increase energy prices, weaken our national security, and hand the clean energy future to China. In the name of his assault on climate initiatives, the President is actually undermining his own agenda and reducing American energy independence and dominance. I urge my Republican colleagues to work together to reverse this ill-advised decision.”

    Brooklyn Borough President Antonio Reynoso said, “Donald Trump has made it clear that he is hellbent on keeping our air polluted and putting Americans out of work. The President claims to be all about creating blue collar jobs, but here he is erasing over 1,000 union jobs in what remains of Brooklyn’s working waterfront. With Empire Wind, Brooklyn is leading the nation’s transition toward renewable, reliable, and affordable energy. We won’t back down just because Trump says so. I’m proud to stand with Rep. Goldman and so many other partners today to reject this reckless decision.”

    State Senator Andrew Gounardes said, “The Trump Administration’s decision to revoke approval for Empire Wind 1 is a slap in the face to all New Yorkers. Empire Wind 1 isn’t just about power generation—it’s about powering our economy with good-paying union jobs, apprenticeships for our young workers, and billions in economic investment in neighborhoods like Sunset Park and Red Hook. This project was fully permitted. Shovels were already in the ground, creating jobs. We cannot sit by quietly while this administration blocks the path toward affordable energy, resilient infrastructure, and jobs that support families.”

    Councilmember Alexa Avilés said, “I am profoundly concerned by the decision to stop the ongoing offshore wind project in New York. Our community has fought for years to ensure that Sunset Park would be part of solutions to reduce carbon emissions, build healthier and green energy, and provide new local union jobs. It is undeniable that we must build offshore wind to address our energy needs while recognizing the climate crisis. Thank you to all the community partners, city agencies, unions and Equinor for their commitment to our community and offshore wind. We stand in deep support.”

    Glen Siegel and Michael Stamatis, Managing Partners of SSBMT L.P., Operators of the South Brooklyn Marine Terminal, said, “We are deeply disappointed by the Trump Administration’s abrupt and shortsighted decision to halt all construction of Equinor’s Empire Wind project in federal waters. This decision undermines years of planning, investment, and collaboration between public and private partners working together to realize New York’s clean energy goals and create good-paying union jobs right here in Brooklyn. Equinor’s Empire Wind project is not only essential to our state’s energy future—it is the catalyst for revitalizing SBMT as a national hub for offshore wind staging, assembly, and operations. This project represents a once-in-a-generation opportunity to transform New York’s working waterfront, drive economic development, and deliver sustainable, renewable energy to millions of residents.”

    Vincent Alvarez, President of the New York City Central Labor Council, AFL-CIO, and Climate Jobs New York Director, said, “Hundreds of workers were prepared to start jobs on the offshore construction of Empire Wind 1 in just a few weeks, but now, their financial futures have been pulled out from under them. Thousands more jobs supporting the offshore wind industry – on the port at South Brooklyn Marine Terminal, assembly and staging at Arthur Kill Terminal on Staten Island, and component manufacturing in Albany and across the country, to name a few – are also all now at risk. Our union members and our communities are counting on clean energy jobs. We need to protect them.”

    Gary LaBarbera, President of the Building and Construction Trades Council of Greater New York, and Climate Jobs New York Director, said, “This announcement is a blow to New York’s hardworking tradesmen and tradeswomen who are counting on this project to create high-quality, long-lasting jobs, and to everyone in New York who is struggling to afford their electric bills right now. Empire Wind was going to bolster the middle class, make our air cleaner, and bring much-needed local power to our energy grid to lower costs. This stop work order on a shovel-ready energy project is a massive step backward for union workers and our quest to build more domestic energy, and it sends a chilling effect to any developers looking to build energy projects here in America.”

    Christopher Erikson, Business Representative for Local Union No. 3 IBEW, said, “The nearly 29,000 members of Local Union No. 3, IBEW are disappointed with the federal government’s decision to pause construction on the Empire Wind 1 project. This action is detrimental to my members, other Building Trades workers, Sunset Park, and the surrounding communities who were counting on clean energy to be added to the grid to help power our neighborhoods. Local 3, IBEW members have been preparing for this project for years in anticipation of the union wages and benefits that would support them and their families. We stand in solidarity with Congressman Goldman, Equinor, and the team behind Empire Wind to express our dismay, disappointment, and anger at this shortsighted decision by the Trump administration. We hope this is only a pause, so that we can get to work on securing a clean energy future in our city and a healthier planet for ourselves and our families.”

    Jesse Solomon, Executive Director of the Southwest Brooklyn Industrial Corporation, said, “For the past year, SBIDC has been working directly with small businesses in Brooklyn to help them access offshore wind contracts and prepare for a generational economic opportunity. Empire Wind 1 is central to that progress. This is one of the most important climate and economic development projects New York has ever seen – we stand with Rep. Goldman in urging the federal government to reinstate this project.” – Jesse Solomon, Executive Director, Southwest Brooklyn Industrial Development Corporation.” 

    Chris Ward, Interim President and CEO at Waterfront Alliance said, “Clean, affordable, and reliable power for 500,000 homes. 1,000 jobs. A billion-dollar port. Yesterday, the Trump administration decided that New Yorkers do not need these. With the scratch of a pen, an incredible $2 billion investment to make the world better was halted. Waterfront Alliance is confident that wiser minds will prevail. We will offer every support to Equinor, the State and City of New York, and our partners in offshore wind and port development to see that this decision is reversed,”

    Esther Rosario, Executive Director of Climate Jobs New York, said, “If we stall these projects, we don’t just jeopardize our energy grid’s stability—we put workers’ livelihoods at risk. These aren’t abstract ideas — they’re real paychecks that were promised to working people in our unions and our communities. Local businesses, from bodegas to gas stations, also benefit when these projects are underway. We urge our federal government to reverse their decision to halt this project and our leaders in New York to stay the course and invest in and protect the union jobs that are rebuilding our middle class and building our future.”

    Julie Tighe, President of the New York League of Conservation Voters, said, “The federal government is placing American energy independence and abundance, thousands of union jobs, and clean air at risk with the reckless stop work order for Empire Wind. This project is fully permitted and will provide energy for half a million homes – there are no other ways to get that amount of energy into New York’s grid in the near term when electric demand is growing. We are proud to stand with Governor Hochul, Congressman Goldman, our friends in labor, and the environmental movement to fight this attempt to derail our clean energy future and hurt New York’s nation-leading progress to develop offshore wind power.”

    Allyson Samuell, Sierra Club’s Senior Campaign Organizer in New York said, “Offshore wind creates good jobs with good salaries and doesn’t pollute our air and water. This is the future for our energy system. The downstate New York region is incredibly dense, we don’t have a lot of space for large scale energy infrastructure on land. Offshore wind projects, like Empire Wind 1, are the ideal solution for providing electricity to the entire New York City metro-area. This project is essential to helping downstate New York meet the rising demand for electricity and ensure reliable energy for families. For New Yorkers, this is local power that is generated near where it’s needed, bringing us closer to energy independence.”

    Spurred by clean energy subsidies in President Biden and House Democrats’ Inflation Reduction Act, the Empire Wind 1 offshore wind project would be the first of its kind to plug directly into the New York City power grid, ultimately powering over 500,000 homes. The South Brooklyn Marine Terminal would also be the largest offshore wind Operations and Maintenance hub as well as staging area in the United States.  

    Congressman Goldman has championed the Empire Wind 1 project and offshore wind energy as a national security and economic imperative since taking office. 

    Last June, Congressman Goldman joined elected officials to break ground on the South Brooklyn Marine Terminal, which would serve as the largest offshore wind staging and maintenance port in the nation and connect offshore wind power to over 500,000 homes across New York City. 
    Last Spring, Congressman Goldman led a walking tour of the South Brooklyn Marine Terminal to tout the role that Inflation Reduction Act (IRA) tax credits played in making Brooklyn the future offshore wind capital of America.  
    Congressman Dan Goldman is a member of the Congressional Offshore Wind Caucus, which pushes for policies to improve offshore wind technology, increase investment in the offshore wind workforce, and position the United States as a global leader in the industry. 

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    MIL OSI USA News –

  • MIL-OSI Europe: EUROPE/ITALY – Farewell to Father Angelo Lazzarotto, a great friend of Chinese Catholics

    Source: Agenzia Fides – MIL OSI

    photo Lino Giudice

    by Gianni ValenteRancio di Lecco (Agenzia Fides) – The old group photo chosen to accompany this memory portrays him in civilian clothes, just behind Deng Xiaoping. It was May 22, 1978. At 53 years old, the priest and PIME missionary – his friend Lino Giudice tells us today – had managed to be included in the delegation, accredited in his visa application as a “spiritual advisor” to the Milanese politician Vittorino Colombo, visible in the photo to the left of the “Little Helmsman.”Colombo, a Christian Democrat senator, was at the time one of the “bridge builders” with post-Maoist China led by Deng on the path of open-minded reforms. Father Angelo took advantage of even the smallest opportunity to reach out and see how he could support the Chinese Catholic communities, severely affected by the turbulent years of the Red Guards and Cultural Revolution.Father Lazzarotto died this Tuesday, April 15, at the nursing home for missionaries of the Pontifical Institute for Foreign Missions (PIME) in Rancio di Lecco, where he had been receiving care since 2017. He would have turned 100 on May 14. The photo published in the “Quotidiano del Popolo” in 1978 sums up a long and passionate life dedicated to bearing witness to Christ, with a special love for his Chinese brothers and sisters.Born in Falzè di Piave, in the province of Treviso, Father Angelo discovered his missionary vocation during high school in Conegliano Veneto. He entered the PIME high school seminary in Genoa at the age of 15 and was soon impressed by the stories of faith shared by missionaries in China. He was ordained a priest on December 20, 1947, and the following year began studies in Missiology at the Pontifical Urbaniana University in Rome, where he earned a degree three years later. In 1955, he also earned a degree in Missionary Law from the same university. During his time in Rome, he became acquainted with the Focolare Movement and immersed himself in the spirituality of unity and communion of Chiara Lubich.Throughout his life, Father Lazzarotto served the universal Church and especially the Church in China in many ways. Sent for the first time to Hong Kong in 1956, then a British colony, he experienced first-hand the difficulties faced by Chinese Catholic communities. After several years of service at his missionary Institute, he returned to Hong Kong in 1979. From 1985 to 1990, he was appointed Rector of the Pontifical Urban College of Propaganda Fide, by Cardinal Prefect Jozef Tomko. Later, in the 1990s, as the PIME website notes, “he actively collaborated with the CUM (United Center for the Missionary Cooperation among Churches ) in Verona, especially in the sections dedicated to Africa and Asia, for which he was responsible.”His passion for the Church in China can also be seen in his countless publications, books, articles, conferences, speeches and numerous trips to maintain contact with Chinese Catholic communities, listening first-hand to their desires, sufferings and prayers.Father Angelo was part of that group of missionary-Sinologists who, with different sensibilities but a common passion, helped in the decades following the Cultural Revolution to understand and accompany the reality of the Catholic Church in China and its journey in following the faith of the Apostles. Among them were Frenchman Jean Charbonnier, Polish Roman Malek, and his PIME confrere Giancarlo Politi, who preceded him in eternal rest.His intentions and speeches, always aimed at recognizing living faith in the midst of difficulties, promoted paths of communion and reconciliation, encouraging Chinese Catholic communities to overcome, or at least not exacerbate, contrasts and divisions.Father Lazzarotto’s funeral will be held on Thursday, April 17, 2025, at the PIME house in Rancio, Lecco. His remains will rest in the PIME Missionaries Cemetery in Villa Grugana, in the province of Lecco, Lombardy (Italy). (Agenzia Fides, 16/4/2025)
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    MIL OSI Europe News –

  • MIL-OSI Security: Eight Individuals Charged with Multi-Million Dollar Fraudulent Lending Scheme Targeting Small Business Owners Across the United States

    Source: Office of United States Attorneys

    NEWARK, N.J. – Eight individuals have been charged in connection with a large-scale lending scheme that targeted the owners of small businesses from across the United States, U.S. Attorney Alina Habba announced.

    The complaint charges the defendants with multiple counts of conspiracy to commit wire fraud.  Joseph Rosenthal, 33, of Holmdel, New Jersey; Nicholas Smith, 31, of Bradley Beach, New Jersey; James Missry, 40, of New York City, New York; Paul Cotogno, 31, of Long Branch, New Jersey; Blaise Cotogno, 32, of Tinton Falls, New Jersey; and Adam Akel, 30, of Long Branch, New Jersey, appeared before U.S. Magistrate Judge James B. Clark, III in Newark federal court and were released on bail.  Matthew Robertson, 31, of Miami, Florida, who was arrested in the Southern District of Florida, appeared before U.S. Magistrate Judge Enjoliqué A. Lett and was released on bail.  Nicholas Winter, 38, of Asbury Park, New Jersey is currently in custody on unrelated state charges.

    “These defendants perpetrated a years’ long scheme to defraud hard-working business owners in New Jersey and across the United States, stealing millions of dollars from thousands of victims.  These charges reflect our Office’s commitment to holding accountable those who prey on small business owners trying to support their communities and earn a decent living.”

    – U.S. Attorney Alina Habba

    According to documents filed in this case and statements made in court:

    Since June 2020, the defendants enriched themselves by defrauding small business owners interested in obtaining financing for their businesses.  Through misrepresentations and falsehoods, the defendants promised their victims that in exchange for money provided upfront, the defendants would ultimately extend a loan or line of credit to the victims.  In reality, once a victim provided the upfront payment to the defendants, the defendants did not extend financing to the victim.  Instead, the defendants kept the victims’ money and broke off communication.  As a result of the scheme, the defendants defrauded thousands of victims out of millions of dollars.

    The wire fraud conspiracies charged in Counts One and Two of the criminal complaint each carry a maximum potential penalty of 20 years in prison and a $250,000 fine, or twice the gross gain or loss from the offense.

    U.S. Attorney Habba credited special agents and intelligence analysts of the FBI, under the direction of Acting Special Agent in Charge Terence Reilly in Newark, with the investigation leading to the charges.

    The government is represented by Assistant U.S. Attorneys James H. Graham of the Special Prosecutions Division and Blake Coppotelli of the Economic Crimes Unit in Newark.

    The charges and allegations contained in the complaint are merely accusations, and the defendants are presumed innocent unless and until proven guilty.

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    MIL Security OSI –

  • MIL-OSI Security: MJH Healthcare Holdings, LLC Agrees to Pay $2 Million to Settle False Claims Act Allegations Relating to Postage Rates

    Source: Office of United States Attorneys

    WASHINGTON – MJH Healthcare Holdings, LLC, its subsidiary, MJH Life Sciences, LLC, and several affiliates of MJH Life Sciences, LLC (collectively MJH), have agreed to pay $2,006,424 to resolve allegations that they violated the False Claims Act by knowingly certifying their eligibility to use the periodicals postage rate offered by the United States Postal Service when they were ineligible for that rate.  MJH, based in Cranbury, New Jersey, publishes educational and promotional materials aimed at healthcare providers and patients.

    The United States alleged that for 40 mailings of MJH publications between October 2021 and June 2024, MJH calculated the required postage based on the periodicals postage rate.  The periodicals rate is only available for publications where more than half of the mailed issues have been requested by recipients.  However, in calculating the percentage of these issues that were requested by the addressee, MJH certified figures to the Postal Service that were inaccurate in two ways.  First, it allegedly included among the “requesters” addressees appearing on lists received from third-party sources that had not qualified the listed individuals to be requesters, as required.  Second, MJH counted requests that had aged out.  Under Postal Service rules, requests must be less than three years old to qualify for the periodicals rate.  Had MJH excluded these categories from its calculations, as required, the percentage of requesters would have been less than 50 percent of recipients.  MJH should not have certified that its requester figures were accurate and that it was eligible for the lower periodicals rate for these mailings.

    “The United States relies on individuals and companies doing business with it to accurately report what they owe the government.  When they do not, we will not hesitate to take appropriate steps to protect the public fisc.”

    – U.S. Attorney Alina Habba

    “The USPS OIG will continue to aggressively investigate companies that defraud the Postal Service,” said Tammy Hull, Inspector General U.S. Postal Service. “This settlement demonstrates that our special agents will work with the United States Department of Justice and the United States Attorney’s Office to identify companies that misrepresent their eligibility for lower postage rates.”

    The civil settlement includes the resolution of claims brought under the qui tam or whistleblower provisions of the False Claims Act by John Burke, a former employe of one of the MJH affiliates.  Under those provisions, a private party can file an action on behalf of the United States and receive a portion of any recovery. Mr. Burke will receive $341,092 under this resolution. The qui tam case is captioned U.S. ex rel. Burke v. MJH Healthcare Holdings, LLC, et al., No. 3:22-cv-07367 (D. N.J.).

    The resolution obtained in this matter was the result of a coordinated effort between the Justice Department’s Civil Division, Commercial Litigation Branch, Fraud Section, and the United States Attorney’s Office for the District of New Jersey with assistance from the United States Postal Service’s Office of the Inspector General.

    The matter was investigated by Assistant United States Attorney Paul Kaufman and Trial Attorney Wesley Heath.

    The claims resolved by the settlement are allegations only and there has been no determination of liability.

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    MIL Security OSI –

  • MIL-OSI Security: Philadelphia Woman Sentenced to Five Years in Prison For Defrauding Her Employer of More Than $250,000 and the U.S. Government of $23,000

    Source: Office of United States Attorneys

    PHILADELPHIA – United States Attorney David Metcalf announced that Kimberly Lawson, 44, of Philadelphia, Pennsylvania, was sentenced today by United States District Court Judge Michael M. Baylson to 60 months in prison, five years of supervised release, and $244,343 in restitution, for the unauthorized use of her employer’s identity to embezzle from him and his company and her fraudulent applications to the Small Business Administration (SBA) to obtain Economic Injury Disaster Loans (“EIDL”).

    In September 2023, Lawson was charged by indictment with one count of bank fraud, one count of aggravated identity theft, and four counts of wire fraud, and pleaded guilty to all charges against her in September 2024.

    The fraud loss attributed to Lawson for the workplace embezzlement is $250,817.80, and for the fraud against the government $23,000, for a total fraud loss amount of $273,817.80.

    In March 2018, Lawson began working as the office manager of an area electrical contracting company, where her responsibilities included tracking employee hours, invoices, and vendor payments, and writing checks to vendors from the company’s bank account. She was also responsible for reconciling bank statements, reviewing images of checks, and confirming the checks cleared. Lawson did not have signature authority on the checks but was authorized to use her employer’s signature stamp to sign the checks he authorized.

    As detailed in court filings and admitted to by the defendant, between 2018 and 2020, Lawson used her knowledge and access to divert significant amounts of the company’s money to external accounts that she controlled, through hundreds of fraudulent vendor and employee payments, unauthorized payroll transactions, and unauthorized electronic transfers. To avoid discovery of her fraudulent activities, Lawson intentionally mislabeled entries in the company’s accounting software, making them look authentic by recording them as legitimate payables.

    In addition, the defendant attempted to steal money from her employer’s 401k account, submitting two separate loan requests totaling more than $17,000, but her employer learned of and was able to cancel the requests before any funds were disbursed.

    In addition to the workplace embezzlement, Lawson fraudulently sought $253,874 in EIDLs from the SBA, filed in 15 separate applications in different names including her own. Only the applications that she submitted in her husband’s and his sister’s names were approved for funding, with each receiving $8,500 and $14,500, respectively, deposited into bank accounts controlled by Lawson. Among numerous false statements made in the applications, Lawson falsely represented that she had a retail business, that her husband had a construction business, and her sister-in-law had a cleaning business.

    In 2012, Lawson was convicted in the Eastern District of Pennsylvania of defrauding a different employer of more than $293,000 and received a sentence of 21 months’ imprisonment.

    “Kimberly Lawson’s greed is her downfall,” said U.S. Attorney Metcalf. “This is now the second time that she’s being sentenced for stealing hundreds of thousands of dollars from an employer — and this go-round, she decided to defraud the federal government, as well. Perhaps today’s longer prison term will prove more impactful than her first. Either way, we won’t rest until criminals like this get the message that we will find and punish financial fraud.”

    “Through a multitude of deceptions and manipulations, Ms. Lawson stole from her employer and from the United States in the pursuit of her own personal gain,” said Assistant Special Agent in Charge Dave Carter of FBI Philadelphia. “This sentencing serves as a reminder that those who exploit their positions for financial profits will be held accountable. I want to thank our FBI personnel and our partners at the U.S. Attorney’s Office for their diligent efforts in bringing this defendant to justice.”

    The case was investigated by the FBI and is being prosecuted by Assistant United States Attorney Anita Eve.

    MIL Security OSI –

  • MIL-OSI Security: Hancock County Man Admits to Fentanyl Charge

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

    WHEELING, WEST VIRGINIA – Daniel Paul Truax, age 46, of Weirton, West Virginia, has admitted to the distribution of fentanyl. 

    According to court documents, Truax was selling fentanyl for a drug trafficking organization that stretched from Chicago to the Ohio Valley including Weirton, WV.

    Truax is facing up to 20 years in federal prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Assistant U.S. Attorneys Clayton Reid and Carly Nogay are prosecuting the case on behalf of the government.

    Investigative agencies include the Hancock-Brooke-Weirton Drug Task Force, a HIDTA-funded initiative; the Drug Enforcement Administration; the Bureau of Alcohol, Tobacco, Firearms and Explosives; the United States Marshals Service; the Hancock County Sheriff’s Office; the Brooke County Sheriff’s Office; the Weirton Police Department; the West Virginia State Police; the Jefferson County, Ohio, Sheriff’s Office; and the Steubenville, Ohio, Sheriff’s Office.

    U.S. Magistrate Judge James P. Mazzone presided.

    MIL Security OSI –