NewzIntel.com

Category: Taxation

  • MIL-OSI USA: Building Affordable Housing in East New York, Brooklyn

    Source: US State of New York

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    The multi-phase program will ultimately include a total of nearly 2,000 affordable apartments in 10 buildings. It will also feature community space with childcare, senior services, workforce development, and a new performing arts center. New streets are being added as an extension of the existing neighborhood street grid to maximize walkability through interconnected pedestrian routes and three acres of publicly accessible open space.

    The City of New York approved the rezoning of the project site to accommodate the redevelopment.

    Innovative Urban Village is supported by HCR’s Low-Income Housing Tax Credit program which is expected to generate more than $115 million in equity and $47 million from its Housing Finance Agency. Additional support includes $47 million from the New York City Department of Housing Preservation and Development’s Extremely Low- and Low-Income Affordability Program. The project is also supported by the Urban Investment Group at Goldman Sachs Alternatives.

    The site is participating in the New York State Department of Environmental Conservation’s successful Brownfield Cleanup Program and, when completed, would be eligible for $28 million in tax credits administered by the New York State Department of Taxation and Finance. Operating funding for the supportive apartments will be provided by the Empire State Supportive Housing Initiative administered by the New York State Office of Temporary and Disability Assistance.

    Today’s announcement also builds on Governor Hochul and Mayor Adams’ “City of Yes” plan to create thousands of new homes across the city and develop more family-friendly neighborhoods from Coney Island to Inwood.

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “We’re excited to be part of the holistic transformation occurring in East New York and we believe our $162 million investment in Innovative Urban Village will benefit this neighborhood and 385 households for years to come. I am grateful to Governor Hochul and the City of New York, Christian Cultural Center, Gotham Organization, Monadnock, and all our partners for their vision and dedication to making this project possible.”

    New York State Office of Temporary and Disability Assistance Commissioner Barbara C. Guinn said, “The permanent supportive housing that will be created at Innovative Urban Village will provide individuals and families who have experienced homelessness with a place to call home along with onsite access to essential support services that will help them remain stably housed for years to come. We are grateful to all our state and local partners on this important project and to Governor Hochul for making landmark investments to expand the supply of affordable and supportive housing across New York State.”

    New York State Department of Environmental Conservation Commissioner Amanda Lefton said, “Cleaning up environmental pollution in communities like Brooklyn unlocks investments in critical needs like affordable housing, transitional housing services, and community spaces. New York State’s Brownfield Cleanup Program is a vital tool that supports community revitalization across the state and the Innovative Urban Village project in East New York is a prime example of how this successful cleanup program is helping advance Governor Hochul’s continued efforts to increase affordable, sustainable housing statewide while also protecting public health and the environment.”

    “This project is helping us fight the housing affordability crisis while also prioritizing improvements that will make the neighborhood more livable for families.”

    Governor Kathy Hochul

    New York City Department of Housing Preservation and Development Acting Commissioner Ahmed Tigani said, “Projects like Innovative Urban Village represent more than the construction of housing — they breathe life into a promise made to the people of Brooklyn and to our city: that development can be rooted in equity, shaped by community, and guided by care. Phase 1A is just one piece of a larger vision that spans multiple mixed-use buildings with community amenities and nearly 2,000 homes, including supportive housing for New Yorkers transitioning out of homelessness.”

    New York City Department of City Planning Director Dan Garodnick said, “Innovative Urban Village is a fantastic example of how smart planning can support families at every stage of life. Delivering income-restricted affordable housing alongside childcare, senior services, pedestrian-friendly streets, open space, and more, this future gem of East New York will serve as a model for vibrant neighborhoods across the city.”

    New York City Housing Development Corporation President Eric Enderlin said, “HDC is proud to support this dynamic, multi-phased project that will provide much-needed affordable housing for low-income and formerly homeless New Yorkers. In addition to brand-new affordable homes, Innovative Urban Village will deliver commercial and community facility space that will benefit the broader East New York neighborhood for years to come. Congratulations to all our partners on reaching this latest milestone.”

    Senator Kirsten Gillibrand said, “New Yorkers deserve access to affordable, secure, and modern housing. This development will help revitalize Christian Cultural Center’s campus, deliver critical support services for our most vulnerable, and bring another much-needed grocery store to East New York. I look forward to seeing the positive impact this project will have and will keep fighting for federal funding to expand affordable housing in our state and across the country.”

    House Democratic Leader Hakeem Jeffries said, “Here in America, when you work hard and play by the rules, you should be able to afford the good life. At the center of that life is a safe, affordable place to live, but for far too many New Yorkers, that reality is out of reach. I’m grateful to Governor Kathy Hochul, Pastor AR Bernard and their development partners for breaking ground on the Innovative Urban Village in the Christian Cultural Center’s campus, which will provide safe, sustainable and affordable housing for hundreds of Brooklyn families that I am privileged to represent.”

    State Senator Roxanne J. Persaud said, “The second construction phase of the Innovative Urban Village is a tremendous opportunity to provide more than four hundred affordable homes in East New York. This project not only helps address the housing deficiencies but also promotes equitable and sustainable living for our community for generations to come. I am excited for the future of our community.”

    Brooklyn Borough President Antonio Reynoso said, “When we build affordable housing alongside essential resources like access to fresh food, we’re investing in health, dignity, and opportunity. I applaud Governor Hochul and NYS Homes and Community Renewal for making this vision a reality in East New York and for setting a powerful example of what affordable housing looks like when it is rooted in community and equity.”

    New York City Council Member Farah N. Louis said, “Since taking office, I fought to ensure that our city would meaningfully partner with our clergy to bring much-needed affordable housing capital to Central Brooklyn. I have worked in lockstep with Reverend A.R. Bernard to advocate for this vision, and I applaud Governor Hochul and her administration for advancing this transformative project across the finish line to uplift the East New York community. I believe this project will provide opportunities for the next generation, and I look forward to seeing this visionary leadership, community partnership, and shared values project create lasting change for Brooklyn and our city.”

    New York City Council Member Chris Banks said, “The Innovative Urban Village redevelopment project on the Christian Cultural Center campus is set to be a transformative investment in the 42nd Council District. I’m proud to partner on a project that delivers truly affordable housing. This is how we build and sustain neighborhoods for generations and how we begin to build Black and Brown generational wealth in real, tangible ways.”

    Christian Cultural Center Senior Pastor Rev A. R. Bernard said, “It’s incredible to stand alongside each of the partners, elected officials and community members that worked together to make Innovative Urban Village a reality. We are confident that the ripple effects of this dynamic mixed-income community will be felt far beyond East New York, setting an example for all of New York to follow.”

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    Gotham Organization CEO David L. Picket said, “Today’s groundbreaking is a defining moment for Gotham and for the city my family has called home for over a century. Innovative Urban Village reflects our core values as a company—delivering high-quality housing that meets the needs of real New Yorkers while strengthening the fabric of our neighborhoods. IUV is the result of vision, partnership, and perseverance, and we’re proud to work with our partners in bringing it to life. It’s a powerful example of what can happen when the public and private sectors come together with purpose.”

    Gotham Organization President of Development Bryan Kelly said, “This moment is the result of years of dedicated collaboration with our partners, community leaders, and city agencies. We’re creating a neighborhood that prioritizes affordability, sustainability, and opportunity for all. At Gotham, we believe deeply in the power of thoughtfully planned development to uplift communities, and together with our partners and local stakeholders, have envisioned Innovative Urban Village to set a new standard for future housing developments. This is a meaningful step toward a more inclusive and equitable New York City.”

    Monadnock Development President Kirk Goodrich said, “Innovative Urban Village is about Pastor Bernard, Gotham and Monadnock deciding to see people in need rather than simply housing units. Our collective focus is on transforming lives and communities. I am proud of what we are doing and excited to see the impact the completed vision will have.”

    Urban Resource Institute CEO Nathaniel Fields said, “For over 40 years, Urban Resource Institute — the nation’s largest provider of shelter and support services — has been a leader in trauma-informed care for survivors of domestic violence and those facing housing insecurities. At the Innovative Urban Village, we are not just offering housing — we are delivering the full strength of our wraparound services to help residents heal and rebuild. From safety planning and legal advocacy to economic empowerment, we meet survivors where they are and walk with them toward lasting stability. This project is a bold step toward URI’s mission to end the cycles of violence, homelessness, and poverty — and creating a future where survivors don’t just survive but thrive.”

    Practice for Architecture and Urbanism Founder and Creative Director Vishaan Chakrabarti said, “More than a decade in the making, this project has been a true labor of love. It’s about taking an underutilized urban space and creating an inclusive community that offers dignity, stability, and a sense of home for New Yorkers across a broad range of incomes. Seeing it come to life is deeply meaningful.”

    Goldman Sachs Alternatives Urban Investment Group Chair Asahi Pompey said, “Goldman Sachs sees Innovative Urban Village as more than just bricks and mortar. Our investment is a down payment on East New York’s potential, creating thousands of high-quality, affordable homes and essential services that will fuel the economic vitality of the community.”

    J.P. Morgan Community Development Banking Executive Director Jane Silverman said, “We are honored to be part of the Innovative Urban Village Phase 1B project, a transformative development that embodies the spirit of community and collaboration. This project is a testament to what can be achieved when the public and private sectors unite. At J.P. Morgan, our commitment to Brooklyn and its residents runs deep, and we’re proud to support the creation of affordable housing that will serve as the foundation for a thriving community in East New York.”

    Governor Hochul’s Housing Agenda
    Governor Hochul is dedicated to addressing New York’s housing crisis and making the State more affordable and more livable for all New Yorkers. As part of the FY25 Enacted Budget, the Governor secured a landmark agreement to increase New York’s housing supply through new tax incentives, capital funding, and new protections for renters and homeowners. Building on this commitment, the FY26 Enacted Budget includes more than $1.5 billion in new State funding for housing, a Housing Access Voucher pilot program, and new policies to improve affordability for tenants and homebuyers. These measures complement the Governor’s five-year, $25 billion Housing Plan, included in the FY23 Enacted Budget, to create or preserve 100,000 affordable homes statewide, including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes. More than 60,000 homes have been created or preserved to date.

    The FY25 and FY26 Enacted Budgets also strengthened the Governor’s Pro-Housing Community Program — which allows certified localities exclusive access to up to $750 million in discretionary State funding. Currently, more than 300 communities have received Pro-Housing certification, including the city of New York.

    MIL OSI USA News –

  • MIL-OSI Security: One Los Angeles County Sheriff’s Deputy Charged, Another Pleads Guilty to Conspiring to Violate Civil Rights While Providing Off-Duty Security for Clients

    Source: US FBI

    LOS ANGELES – Federal prosecutors today secured a guilty plea from a Los Angeles County Sheriff’s Department (LASD) deputy and charged and filed a plea agreement with another LASD deputy – both of whom used their positions in law enforcement while acting as private security for their off-duty clients, including a now-jailed cryptocurrency businessman who proclaimed himself “The Godfather.” 

    David Anthony Rodriguez, 43, of La Verne, pleaded guilty today to one count of conspiracy against rights.

    Relatedly, Christopher Michael Cadman, 33, of Fullerton, agreed to plead guilty to a two-count information charging him with conspiracy against rights and subscribing to a false tax return. Cadman, who will face up to 13 years in federal prison at his sentencing hearing after he pleads guilty, is expected to make his initial appearance in United States District Court in the coming days.

    Rodriguez and Cadman formerly were employed by Adam Iza, 24, who resided in Beverly Hills and Newport Beach, a cryptocurrency businessman who has been in federal custody since September 2024. Iza pleaded guilty on January 30 to one count of conspiracy against rights, one count of wire fraud, and one count of tax evasion. His sentencing hearing is scheduled for December 15.

    According to court documents, in August 2021, Cadman and a law enforcement officer identified as “LASD Deputy 6” intimidated and threatened a victim who was one of Iza’s adversaries. LASD Deputy 6 held the victim at gunpoint during a meeting at Iza’s office inside his Bel Air mansion. Immediately afterward, the victim transferred approximately $25,000 from his bank account to Iza’s bank account in response to the threat and demand.

    In September 2021, Cadman and other law enforcement officers orchestrated a traffic stop in Paramount to arrest the same victim. Cadman admitted in his plea agreement to helping organize the traffic stop and arrest on Iza’s behalf and to receiving cash payments while he worked for Iza.

    Cadman also received income he knowingly failed to report – at least $40,500 – on his 2021 federal tax return, which he signed and filed with the IRS in February 2022. Cadman admitted to owing approximately $11,000 in federal taxes for that year.

    In a separate plea agreement, Rodriguez admitted to using his powers as a law enforcement officer in July 2022 to improperly obtain a court-authorized search warrant, lying to a judge that it was related to a robbery investigation, to obtain GPS location information associated with another victim’s cellular phone on behalf of a client – other than Iza – who hired Rodriguez as a private security guard. 

    After securing the GPS location information for the victim’s phone, Rodriguez shared the coordinates with co-conspirators, including Eric Chase Saavedra, 42, of Chino, an LASD deputy and former federal task force officer who ran a private security company, who pleaded guilty on February 6 to one count of conspiracy against rights and one count of subscribing to a false tax return. LASD deputies and other co-conspirators would use information obtained from the court-authorized search warrant to harass, threaten, and intimidate the victim.

    Saavedra, who is free on $50,000 bond, is expected to be sentenced in the coming months.

    United States District Judge Percy Anderson scheduled a November 10 sentencing hearing for Rodriguez, who faces a statutory maximum sentence of 10 years in federal prison.

    The FBI and IRS Criminal Investigation are investigating this matter. The Los Angeles County Sheriff’s Department has assisted.

    Assistant United States Attorney Maxwell K. Coll of the Cyber and Intellectual Property Crimes Section is prosecuting these cases.

    MIL Security OSI –

  • MIL-OSI: Bitcoin Mining Meets Mobile, PFMCrypto Unveils Smart BTC Mining for Everyone

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 15, 2025 (GLOBE NEWSWIRE) — As Bitcoin’s ecosystem gains global momentum, PFMCrypto is proud to introduce a major leap in accessible crypto mining: the launch of BTC-focused cloud mining contracts. Now available on both web and mobile platforms, these flexible short-term contracts allow users to mine BTC remotely and receive daily BTC rewards—no mining hardware, no complex setup, and no prior experience required. For the first time, retail participants can engage with the Bitcoin economy through a streamlined, fully integrated platform.
    Explore the PFMCrypto website or download the app today.

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

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

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

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

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

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

    BTC Mining for a Digital Future:
    Since 2018, PFMCrypto has helped millions of users around the world generate passive crypto income through secure, smart, cloud-based mining. With the introduction of BTC mining, the platform offers the ideal combination of institutional-grade infrastructure and retail accessibility. Now, users can choose to earn directly in BTC or diversify into major digital assets—all within a secure, fully remote environment.
    “Bitcoin has always been secure, decentralized, and globally trusted,” said a PFMCrypto spokesperson. “Now, it’s also mineable—securely, remotely, and profitably. We’ve eliminated the barriers so anyone can participate in Bitcoin’s future growth.”
    Markets may shift—but daily mining income can remain steady.

    the BTC mining revolution today at: https://pfmcrypto.net 

    The MIL Network –

  • MIL-OSI: Bitcoin Mining Meets Mobile, PFMCrypto Unveils Smart BTC Mining for Everyone

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 15, 2025 (GLOBE NEWSWIRE) — As Bitcoin’s ecosystem gains global momentum, PFMCrypto is proud to introduce a major leap in accessible crypto mining: the launch of BTC-focused cloud mining contracts. Now available on both web and mobile platforms, these flexible short-term contracts allow users to mine BTC remotely and receive daily BTC rewards—no mining hardware, no complex setup, and no prior experience required. For the first time, retail participants can engage with the Bitcoin economy through a streamlined, fully integrated platform.
    Explore the PFMCrypto website or download the app today.

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

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

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

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

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

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

    BTC Mining for a Digital Future:
    Since 2018, PFMCrypto has helped millions of users around the world generate passive crypto income through secure, smart, cloud-based mining. With the introduction of BTC mining, the platform offers the ideal combination of institutional-grade infrastructure and retail accessibility. Now, users can choose to earn directly in BTC or diversify into major digital assets—all within a secure, fully remote environment.
    “Bitcoin has always been secure, decentralized, and globally trusted,” said a PFMCrypto spokesperson. “Now, it’s also mineable—securely, remotely, and profitably. We’ve eliminated the barriers so anyone can participate in Bitcoin’s future growth.”
    Markets may shift—but daily mining income can remain steady.

    the BTC mining revolution today at: https://pfmcrypto.net 

    The MIL Network –

  • MIL-OSI: Travis Credit Union Foundation Awarded $75,000 Inclusiv Matched Savings Grant

    Source: GlobeNewswire (MIL-OSI)

    VACAVILLE, Calif., July 15, 2025 (GLOBE NEWSWIRE) — The Travis Credit Union Foundation is proud to announce it has been awarded a $75,000 grant through the Inclusiv Build and Matched Savings Initiative, a nationally recognized program supporting innovative financial inclusion efforts. This prestigious grant will significantly enhance the Foundation’s Financial Coaching Grants Program, empowering underserved households across Northern California through a powerful combination of coaching and matched savings.

    The Inclusiv grant, awarded to only 11 credit unions nationwide, will allow the Foundation to launch a Matched Savings Initiative, providing financial coaching clients who save at least $300 over six months with a matching deposit of $300. This incentive not only boosts personal savings but strengthens long-term financial resilience for individuals and families across 12 Northern California counties.

    Now in its second year, the Financial Coaching Grants Program is also expanding its reach. The Foundation is awarding grants to two new nonprofit partners:

    • AGC Construction Education Foundation
    • C.O.P.E. Family Support Center

    These organizations join a growing network of trusted partners that includes Safequest Solano, Vacaville Solano Services, and the San Pablo Economic Development Corporation, all of whom participated in the 2024 cohort. Together, these organizations have helped over 150 clients begin personalized financial coaching journeys focused on debt reduction, credit repair, and improved savings.

    “This grant reflects our belief that real change happens when strategy meets compassion,” said Damian Alarcon-Young, President of the Travis Credit Union Foundation. “By aligning financial coaching with matched savings, we’re using every tool available to empower local families—and we’re doing it in partnership with organizations who share our values. This is a win for everyone involved and a signal to our communities that we are willing to go the extra mile with them, not just for them.”

    For more information, visit tcufund.org/grants

    About Travis Credit Union Foundation 
    The Travis Credit Union Foundation supports financial education and wellness initiatives and is the philanthropic arm of Travis Credit Union. The foundation is committed to making a positive impact in the communities it serves through financial education, charitable giving and community support. Travis Credit Union generously funds the administrative costs of the Travis Credit Union Foundation, allowing for 100% of funds raised to go back to the community. To learn more about the Travis Credit Union Foundation’s mission and how to participate in all it is doing to build financial wellness in the communities it serves, visit tcufund.org. 

    The Foundation is organized and operated exclusively for charitable and educational purposes under Internal Revenue Code section 501(c)(3).  Tax ID #82-4159040 

    Media Contact 
    Michelle Sabolich 
    AVP, Corporate Communications 
    Travis Credit Union 
    media@traviscu.org 

    The MIL Network –

  • MIL-OSI: Gold Price Prediction: Can Gold Reach $5,000 in 2025? — TheExpertVault Releases Forecast on Gold Prices as of July 15

    Source: GlobeNewswire (MIL-OSI)

    Chicago, Illinois, July 15, 2025 (GLOBE NEWSWIRE) — Gold prices are soaring in 2025 — and investors are taking notice. As of July 15, gold is trading at $3,361 per ounce, shattering historical highs. With economic uncertainty mounting, inflation persisting, and central banks aggressively buying bullion, TheExpertVault has released a timely warning.

    Worried about cash and stocks in 2025?

    Gold is surging, and smart investors are moving fast.

    This free 2025 Gold Guide reveals top Gold IRA companies, expert tips, and how to protect your savings before the next market shock.

    Get your free 2025 Gold Guide now

    Gold at $3,361 — What’s Driving the Momentum?

    Gold’s rise hasn’t come out of nowhere. Over the past 18 months, several powerful forces have pushed the precious metal into record territory: inflation remains high, U.S. national debt has surged past $40 trillion, and geopolitical risks continue to escalate across multiple regions including Eastern Europe, Taiwan, and the Middle East. On top of this, global central banks are accumulating gold reserves at an unprecedented pace—making gold more attractive to retail and institutional investors alike.

    In short, a combination of economic pressure and geopolitical tension is driving investors toward safe-haven assets. Gold isn’t just a hedge anymore; for many, it’s becoming a foundational part of a retirement strategy.

    Explore TheExpertVault’s free GoldGuide Now

    Can Gold Reach $5,000 in 2025?

    According to TheExpertVault’s latest research, the possibility of gold reaching $5,000 per ounce by the end of 2025 is no longer far-fetched. This scenario hinges on several unfolding macroeconomic dynamics. First is the weakening of the U.S. dollar, as interest rate pressure and national debt weigh on currency confidence. Second, rising geopolitical instability continues to push investors toward tangible assets. And third, the ongoing trend of global de-dollarization is driving countries to diversify reserves away from fiat-based instruments and into gold.

    These forces combined could very well lift gold prices to new all-time highs within the next six months.

    Why $5,000 Isn’t Out of Reach

    At face value, a 49% increase from current levels might appear ambitious—but historical precedent says otherwise. During the 1970s, gold surged over 1,400% in response to stagflation and monetary shocks. Following the 2008 global financial crisis, it nearly tripled in just three years. Since the start of the pandemic in 2020, gold has already climbed more than 80%, outperforming many traditional investment classes.

    Gold has consistently proven its strength when other assets falter, and the economic backdrop of 2025 may once again set the stage for a massive run.

    What It Means for Retirement Investors

    Should gold continue its climb, early investors—particularly those using tax-advantaged vehicles like Gold IRAs—could see significant growth in their retirement portfolios. A Gold IRA allows individuals to hold IRS-approved precious metals in a self-directed account while benefiting from tax deferral and regulated storage.

    Start protecting your retirement with a Gold IRA — see our top picks summarized.

    TheExpertVault’s July 15 Outlook

    While some might view gold’s rise as a short-term surge, TheExpertVault’s analysts see broader structural forces at play. With government debt, inflation uncertainty, and geopolitical tensions showing no signs of easing, gold’s long-term trajectory looks increasingly bullish.

    Final Thoughts: Why Gold IRAs Still Matter in 2025

    As inflation lingers and market uncertainty persists, investors are increasingly turning to tangible assets for retirement planning. Gold IRAs offer a tax-advantaged, regulated path to do just that—but not all providers are created equal.

    This year’s rankings focus on credibility, cost-efficiency, and investor-first service to help you make an informed decision. As the role of alternative assets grows, choosing the right partner will be key.

    Gold IRA Companies: FAQs

    What is the most trusted gold IRA company?
    Several firms are highly regarded, but the trusted ones combine transparency, consistent customer satisfaction, and educational support.

    Are gold IRAs a good investment?
    Gold IRAs can be an effective long-term hedge, ideal for diversification and wealth preservation during economic downturns.

    How do I choose a custodian?
    Look for IRS-approved custodians with clear pricing, responsive service, and secure storage options.

    Can you make money with a Gold IRA?
    Yes, especially when gold prices rise over time. While gold doesn’t pay dividends, it offers protection and appreciation potential—making it a valuable addition to a balanced portfolio.

    Company Name: TheExpertVault
    Customer Support Email: info@theexpertvault.com
    Phone Number: 888-728-8834
    Website: www.theexpertvault.com

    Disclaimer: This analysis was conducted by TheExpertVault’s editorial team, based on independent research and third-party data. This is not financial advice. Always perform your own due diligence before making any investment decision.

    Attachment

    The MIL Network –

  • MIL-OSI Security: Multiple Defendants Charged in Cockfighting and Illegal Gambling Operation

    Source: US FBI

    HUNTSVILLE, Ala. – A federal grand jury charged multiple defendants for conspiring to violate the Animal Welfare Act and operate an illegal gambling business, announced U.S. Attorney Prim F. Escalona. 

    A two-count indictment filed in U.S. District Court charges James Shawn Murphree, 48, of Blountsville, Alabama, Denny Gonzalez-Guzman, 30, of Albertville, Alabama, Kasten Finis Murphree, 22, of Blountsville, Alabama, Kelby Shawn Murphree, 27, of Blountsville, Alabama, and Kimberly Ann Evans, 48, of Hayden, Alabama, with conspiracy to violate the Animal Welfare Act and the Prohibition on Illegal Gambling Businesses. 

    According to the indictment, a cockfight is a contest where roosters fight each other. The fights are supervised by a referee, and the fight ends when one rooster is dead or refuses to continue fighting. Typical cockfights employ weapons that are attached to the backs of the roosters’ legs.  Owners and operators of cockfighting arenas, called “pits,” hold organized fights where people can fight their trained roosters against other roosters in cockfighting tournaments called “derbies.” In a derby, large numbers of cockfighters pit their roosters against one another for entertainment.  Spectators gamble on the outcomes of the cockfights, and the owners of the roosters stand to gain financially through their own wager, an arrangement where the derby winners receive a pre-determined portion of the derby entry fees, or through the enhanced value of their winning roosters.

    The indictment alleges that between March 2025 and June 2025, Kimberly Evans, James Murphree, Kasten Murphree, and Kelby Murphree conspired to organize multiple cockfighting derbies in Blountsville, Alabama. Attendees paid $40 to watch the fight. Competitors who entered roosters in the derbies paid an entry fee between $700 and $1,000. The winner of the derby would receive a share of the prize pool money.  

    The Gulf of America (“GoA”) Homeland Security Task Force, in partnership with United States Department of Agriculture Office of Inspector General and the Alabama Law Enforcement Agency, conducted this long-term investigation. The GoA Homeland Security Task Force is comprised of authorities from Homeland Security Investigations, Federal Bureau of Investigations, Internal Revenue Service – Criminal Investigations, and the Bureau of Alcohol, Tobacco, and Firearms. This investigation and operation received significant support from the United States Marshals Service, Customs and Border Protection, and ICE-Enforcement and Removal Operations. Assistant U.S. Attorneys John M. Hundscheid and Jonathan S. Cross are prosecuting the case.  

    This case is part of Operation Take Back America a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    An indictment contains only charges.  A defendant is presumed innocent unless and until proven guilty.

    MIL Security OSI –

  • MIL-OSI Security: Multiple Defendants Charged in Cockfighting and Illegal Gambling Operation

    Source: US FBI

    HUNTSVILLE, Ala. – A federal grand jury charged multiple defendants for conspiring to violate the Animal Welfare Act and operate an illegal gambling business, announced U.S. Attorney Prim F. Escalona. 

    A two-count indictment filed in U.S. District Court charges James Shawn Murphree, 48, of Blountsville, Alabama, Denny Gonzalez-Guzman, 30, of Albertville, Alabama, Kasten Finis Murphree, 22, of Blountsville, Alabama, Kelby Shawn Murphree, 27, of Blountsville, Alabama, and Kimberly Ann Evans, 48, of Hayden, Alabama, with conspiracy to violate the Animal Welfare Act and the Prohibition on Illegal Gambling Businesses. 

    According to the indictment, a cockfight is a contest where roosters fight each other. The fights are supervised by a referee, and the fight ends when one rooster is dead or refuses to continue fighting. Typical cockfights employ weapons that are attached to the backs of the roosters’ legs.  Owners and operators of cockfighting arenas, called “pits,” hold organized fights where people can fight their trained roosters against other roosters in cockfighting tournaments called “derbies.” In a derby, large numbers of cockfighters pit their roosters against one another for entertainment.  Spectators gamble on the outcomes of the cockfights, and the owners of the roosters stand to gain financially through their own wager, an arrangement where the derby winners receive a pre-determined portion of the derby entry fees, or through the enhanced value of their winning roosters.

    The indictment alleges that between March 2025 and June 2025, Kimberly Evans, James Murphree, Kasten Murphree, and Kelby Murphree conspired to organize multiple cockfighting derbies in Blountsville, Alabama. Attendees paid $40 to watch the fight. Competitors who entered roosters in the derbies paid an entry fee between $700 and $1,000. The winner of the derby would receive a share of the prize pool money.  

    The Gulf of America (“GoA”) Homeland Security Task Force, in partnership with United States Department of Agriculture Office of Inspector General and the Alabama Law Enforcement Agency, conducted this long-term investigation. The GoA Homeland Security Task Force is comprised of authorities from Homeland Security Investigations, Federal Bureau of Investigations, Internal Revenue Service – Criminal Investigations, and the Bureau of Alcohol, Tobacco, and Firearms. This investigation and operation received significant support from the United States Marshals Service, Customs and Border Protection, and ICE-Enforcement and Removal Operations. Assistant U.S. Attorneys John M. Hundscheid and Jonathan S. Cross are prosecuting the case.  

    This case is part of Operation Take Back America a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    An indictment contains only charges.  A defendant is presumed innocent unless and until proven guilty.

    MIL Security OSI –

  • MIL-OSI Europe: Press release – A simpler tax architecture to benefit EU firms and citizens

    Source: European Parliament 3

    MEPs on Tuesday adopted suggestions for reforms to the tax architecture to boost competitiveness while continuing to address tax avoidance and evasion.

    The report, drafted by Michalis Hadjipantela (EPP, CY), was adopted in the Economic and Monetary Affairs Committee by 46 votes in favour, 2 votes against and 11 abstentions. It will feed into the ongoing legislative work on legislative simplification, more particularly a dedicated Commission proposal expected in early 2026.

    The report presents a host of ideas for simplifying tax compliance and eliminating administrative hurdles in the internal market. This would reduce the financial cost of compliance – notably for SMEs, which, the report says, is a cost of 30% of the taxes they pay.

    The suggestions would also make it easier for governments to administer and collect taxes, contributing to reduced tax evasion and avoidance and mobilising more resources for states to invest elsewhere.

    Tax simplification

    The report urges the Commission to establish an EU Tax Data Hub to improve the automatic exchange of tax information and reduce administrative burden. This would also help identifying and eliminating all instances of duplicate reporting to relieve taxpayers of double reporting obligations. The Hub would also serve as a single access point for tax administrations across the EU.

    In order to mobilise more of Europe’s savings lying on low-interest paying bank accounts, MEPs say that tax declaration procedures for savings and investment accounts should be simplified so that more people would feel encouraged to invest in the EU’s capital markets.

    The adopted text also says that streamlining the use of the Tax Identification Number across member states could help administrative cooperation and reporting. Finally, the Commission is asked to assess and simplify the current VAT framework, the Directive on Administration Cooperation in Tax matters, and the Anti Tax Avoidance Directive.

    MEPs stress that simplification alone will not be enough, as it is also important to invest in the capacity of tax authorities to ensure existing reporting obligations are used to their fullest potential.

    Continue fighting tax fraud, avoidance and evasion

    MEPs underline that any simplification exercise must not undermine fighting tax fraud, avoidance or evasion. They say further tax coordination between member states in tackling tax evasion and avoidance is important to facilitate cross-border economic activity.

    Specifically, the report calls for enhanced collaboration between the European Public Prosecutor’s Office and Eurofisc to strengthen intelligence-sharing, coordinated enforcement efforts and cross-border investigations.

    Tax barriers

    MEPs ask the Commission to survey existing tax related obstacles for the single market and present an action plan to tackle them. Particularly, they invite the Commission to assess the benefits and drawbacks of a single set of EU-wide rules for innovative companies (the so-called 28th regime), which would also provide a single set of tax laws.

    Finally, MEPs call for measures to deal with the tax issues facing trans-frontier workers and digital nomads, as well simplifying the R&D tax incentive schemes.

    Quote of the rapporteur

    “This Report is calling for a simpler, more transparent and predictable EU tax framework that reduces complexity, administrative burden and increases our competiveness. With rising economic pressures and global competition, a simpler tax framework is vital. The report urges simplification, clearer rules, removal of inefficiencies, while upholding standards against tax evasion and aggressive tax planning. To boost competiveness, we call for thorough impact assessments, greater use of digital tools to reduce compliance costs, standardised templates, improved coordination among Member States, and revision of unnecessary rules that burden especially SMEs. A fair and business-friendly system is crucial for SMEs, which are the backbone of the European economy and essential for growth across Member States, especially in smaller economies, like my country Cyprus. This will help ensure a competitive, resilient, and inclusive Single Market for all.”

    Background

    Although not part of an official legislative procedure, this “own initiative report” provides political signalling regarding the EP’s political priorities in anticipation of legislation which would soon be proposed by the Commission. In this case, a legislative proposal on tax simplification is expected in early 2026.

    MIL OSI Europe News –

  • MIL-OSI Europe: Press release – A simpler tax architecture to benefit EU firms and citizens

    Source: European Parliament 3

    MEPs on Tuesday adopted suggestions for reforms to the tax architecture to boost competitiveness while continuing to address tax avoidance and evasion.

    The report, drafted by Michalis Hadjipantela (EPP, CY), was adopted in the Economic and Monetary Affairs Committee by 46 votes in favour, 2 votes against and 11 abstentions. It will feed into the ongoing legislative work on legislative simplification, more particularly a dedicated Commission proposal expected in early 2026.

    The report presents a host of ideas for simplifying tax compliance and eliminating administrative hurdles in the internal market. This would reduce the financial cost of compliance – notably for SMEs, which, the report says, is a cost of 30% of the taxes they pay.

    The suggestions would also make it easier for governments to administer and collect taxes, contributing to reduced tax evasion and avoidance and mobilising more resources for states to invest elsewhere.

    Tax simplification

    The report urges the Commission to establish an EU Tax Data Hub to improve the automatic exchange of tax information and reduce administrative burden. This would also help identifying and eliminating all instances of duplicate reporting to relieve taxpayers of double reporting obligations. The Hub would also serve as a single access point for tax administrations across the EU.

    In order to mobilise more of Europe’s savings lying on low-interest paying bank accounts, MEPs say that tax declaration procedures for savings and investment accounts should be simplified so that more people would feel encouraged to invest in the EU’s capital markets.

    The adopted text also says that streamlining the use of the Tax Identification Number across member states could help administrative cooperation and reporting. Finally, the Commission is asked to assess and simplify the current VAT framework, the Directive on Administration Cooperation in Tax matters, and the Anti Tax Avoidance Directive.

    MEPs stress that simplification alone will not be enough, as it is also important to invest in the capacity of tax authorities to ensure existing reporting obligations are used to their fullest potential.

    Continue fighting tax fraud, avoidance and evasion

    MEPs underline that any simplification exercise must not undermine fighting tax fraud, avoidance or evasion. They say further tax coordination between member states in tackling tax evasion and avoidance is important to facilitate cross-border economic activity.

    Specifically, the report calls for enhanced collaboration between the European Public Prosecutor’s Office and Eurofisc to strengthen intelligence-sharing, coordinated enforcement efforts and cross-border investigations.

    Tax barriers

    MEPs ask the Commission to survey existing tax related obstacles for the single market and present an action plan to tackle them. Particularly, they invite the Commission to assess the benefits and drawbacks of a single set of EU-wide rules for innovative companies (the so-called 28th regime), which would also provide a single set of tax laws.

    Finally, MEPs call for measures to deal with the tax issues facing trans-frontier workers and digital nomads, as well simplifying the R&D tax incentive schemes.

    Quote of the rapporteur

    “This Report is calling for a simpler, more transparent and predictable EU tax framework that reduces complexity, administrative burden and increases our competiveness. With rising economic pressures and global competition, a simpler tax framework is vital. The report urges simplification, clearer rules, removal of inefficiencies, while upholding standards against tax evasion and aggressive tax planning. To boost competiveness, we call for thorough impact assessments, greater use of digital tools to reduce compliance costs, standardised templates, improved coordination among Member States, and revision of unnecessary rules that burden especially SMEs. A fair and business-friendly system is crucial for SMEs, which are the backbone of the European economy and essential for growth across Member States, especially in smaller economies, like my country Cyprus. This will help ensure a competitive, resilient, and inclusive Single Market for all.”

    Background

    Although not part of an official legislative procedure, this “own initiative report” provides political signalling regarding the EP’s political priorities in anticipation of legislation which would soon be proposed by the Commission. In this case, a legislative proposal on tax simplification is expected in early 2026.

    MIL OSI Europe News –

  • MIL-OSI Europe: Press release – A simpler tax architecture to benefit EU firms and citizens

    Source: European Parliament 3

    MEPs on Tuesday adopted suggestions for reforms to the tax architecture to boost competitiveness while continuing to address tax avoidance and evasion.

    The report, drafted by Michalis Hadjipantela (EPP, CY), was adopted in the Economic and Monetary Affairs Committee by 46 votes in favour, 2 votes against and 11 abstentions. It will feed into the ongoing legislative work on legislative simplification, more particularly a dedicated Commission proposal expected in early 2026.

    The report presents a host of ideas for simplifying tax compliance and eliminating administrative hurdles in the internal market. This would reduce the financial cost of compliance – notably for SMEs, which, the report says, is a cost of 30% of the taxes they pay.

    The suggestions would also make it easier for governments to administer and collect taxes, contributing to reduced tax evasion and avoidance and mobilising more resources for states to invest elsewhere.

    Tax simplification

    The report urges the Commission to establish an EU Tax Data Hub to improve the automatic exchange of tax information and reduce administrative burden. This would also help identifying and eliminating all instances of duplicate reporting to relieve taxpayers of double reporting obligations. The Hub would also serve as a single access point for tax administrations across the EU.

    In order to mobilise more of Europe’s savings lying on low-interest paying bank accounts, MEPs say that tax declaration procedures for savings and investment accounts should be simplified so that more people would feel encouraged to invest in the EU’s capital markets.

    The adopted text also says that streamlining the use of the Tax Identification Number across member states could help administrative cooperation and reporting. Finally, the Commission is asked to assess and simplify the current VAT framework, the Directive on Administration Cooperation in Tax matters, and the Anti Tax Avoidance Directive.

    MEPs stress that simplification alone will not be enough, as it is also important to invest in the capacity of tax authorities to ensure existing reporting obligations are used to their fullest potential.

    Continue fighting tax fraud, avoidance and evasion

    MEPs underline that any simplification exercise must not undermine fighting tax fraud, avoidance or evasion. They say further tax coordination between member states in tackling tax evasion and avoidance is important to facilitate cross-border economic activity.

    Specifically, the report calls for enhanced collaboration between the European Public Prosecutor’s Office and Eurofisc to strengthen intelligence-sharing, coordinated enforcement efforts and cross-border investigations.

    Tax barriers

    MEPs ask the Commission to survey existing tax related obstacles for the single market and present an action plan to tackle them. Particularly, they invite the Commission to assess the benefits and drawbacks of a single set of EU-wide rules for innovative companies (the so-called 28th regime), which would also provide a single set of tax laws.

    Finally, MEPs call for measures to deal with the tax issues facing trans-frontier workers and digital nomads, as well simplifying the R&D tax incentive schemes.

    Quote of the rapporteur

    “This Report is calling for a simpler, more transparent and predictable EU tax framework that reduces complexity, administrative burden and increases our competiveness. With rising economic pressures and global competition, a simpler tax framework is vital. The report urges simplification, clearer rules, removal of inefficiencies, while upholding standards against tax evasion and aggressive tax planning. To boost competiveness, we call for thorough impact assessments, greater use of digital tools to reduce compliance costs, standardised templates, improved coordination among Member States, and revision of unnecessary rules that burden especially SMEs. A fair and business-friendly system is crucial for SMEs, which are the backbone of the European economy and essential for growth across Member States, especially in smaller economies, like my country Cyprus. This will help ensure a competitive, resilient, and inclusive Single Market for all.”

    Background

    Although not part of an official legislative procedure, this “own initiative report” provides political signalling regarding the EP’s political priorities in anticipation of legislation which would soon be proposed by the Commission. In this case, a legislative proposal on tax simplification is expected in early 2026.

    MIL OSI Europe News –

  • MIL-OSI Europe: Press release – A simpler tax architecture to benefit EU firms and citizens

    Source: European Parliament 3

    MEPs on Tuesday adopted suggestions for reforms to the tax architecture to boost competitiveness while continuing to address tax avoidance and evasion.

    The report, drafted by Michalis Hadjipantela (EPP, CY), was adopted in the Economic and Monetary Affairs Committee by 46 votes in favour, 2 votes against and 11 abstentions. It will feed into the ongoing legislative work on legislative simplification, more particularly a dedicated Commission proposal expected in early 2026.

    The report presents a host of ideas for simplifying tax compliance and eliminating administrative hurdles in the internal market. This would reduce the financial cost of compliance – notably for SMEs, which, the report says, is a cost of 30% of the taxes they pay.

    The suggestions would also make it easier for governments to administer and collect taxes, contributing to reduced tax evasion and avoidance and mobilising more resources for states to invest elsewhere.

    Tax simplification

    The report urges the Commission to establish an EU Tax Data Hub to improve the automatic exchange of tax information and reduce administrative burden. This would also help identifying and eliminating all instances of duplicate reporting to relieve taxpayers of double reporting obligations. The Hub would also serve as a single access point for tax administrations across the EU.

    In order to mobilise more of Europe’s savings lying on low-interest paying bank accounts, MEPs say that tax declaration procedures for savings and investment accounts should be simplified so that more people would feel encouraged to invest in the EU’s capital markets.

    The adopted text also says that streamlining the use of the Tax Identification Number across member states could help administrative cooperation and reporting. Finally, the Commission is asked to assess and simplify the current VAT framework, the Directive on Administration Cooperation in Tax matters, and the Anti Tax Avoidance Directive.

    MEPs stress that simplification alone will not be enough, as it is also important to invest in the capacity of tax authorities to ensure existing reporting obligations are used to their fullest potential.

    Continue fighting tax fraud, avoidance and evasion

    MEPs underline that any simplification exercise must not undermine fighting tax fraud, avoidance or evasion. They say further tax coordination between member states in tackling tax evasion and avoidance is important to facilitate cross-border economic activity.

    Specifically, the report calls for enhanced collaboration between the European Public Prosecutor’s Office and Eurofisc to strengthen intelligence-sharing, coordinated enforcement efforts and cross-border investigations.

    Tax barriers

    MEPs ask the Commission to survey existing tax related obstacles for the single market and present an action plan to tackle them. Particularly, they invite the Commission to assess the benefits and drawbacks of a single set of EU-wide rules for innovative companies (the so-called 28th regime), which would also provide a single set of tax laws.

    Finally, MEPs call for measures to deal with the tax issues facing trans-frontier workers and digital nomads, as well simplifying the R&D tax incentive schemes.

    Quote of the rapporteur

    “This Report is calling for a simpler, more transparent and predictable EU tax framework that reduces complexity, administrative burden and increases our competiveness. With rising economic pressures and global competition, a simpler tax framework is vital. The report urges simplification, clearer rules, removal of inefficiencies, while upholding standards against tax evasion and aggressive tax planning. To boost competiveness, we call for thorough impact assessments, greater use of digital tools to reduce compliance costs, standardised templates, improved coordination among Member States, and revision of unnecessary rules that burden especially SMEs. A fair and business-friendly system is crucial for SMEs, which are the backbone of the European economy and essential for growth across Member States, especially in smaller economies, like my country Cyprus. This will help ensure a competitive, resilient, and inclusive Single Market for all.”

    Background

    Although not part of an official legislative procedure, this “own initiative report” provides political signalling regarding the EP’s political priorities in anticipation of legislation which would soon be proposed by the Commission. In this case, a legislative proposal on tax simplification is expected in early 2026.

    MIL OSI Europe News –

  • MIL-OSI: Gold News Today: Bullish Start Triggered by Tariff Tensions – July 15 Gold Price Forecast Released by TheExpertVault

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, July 15, 2025 (GLOBE NEWSWIRE) — Gold futures surged out of the gate on Monday, opening at $3,376.50 per ounce, up 0.6% from Friday’s close of $3,356. This marks the highest open in nearly a month, building on June’s brief spike above $3,400.

    As investor demand spikes, TheExpertVault has released its 2025 Gold IRA Ratings, based on a thorough evaluation of customer experience, service quality, and transparency.

    >> Explore trusted Gold IRA providers here <<

    The rally follows newly imposed tariffs on foreign imports. U.S. leadership announced 30% duties on EU and Mexican goods, 35% on Canadian imports, and 50% on copper—with discussions underway to raise the general 10% blanket tariff to as high as 20%. In response, equity markets faltered—S&P 500 futures dropped 0.4%—as gold gained favor among investors seeking safety.

    Where Gold Prices Stand At The Moment

    • Today’s Open: $3,376.50
    • 1-Week Gain: +2.1% (vs. $3,305.50 on July 7)
    • 1-Month Movement: –0.9% (vs. $3,407.30 on June 13)
    • 1-Year Surge: +40.7% (vs. $2,399.80 on July 12, 2024)

    This performance illustrates the shifting market climate: as uncertainty increases, demand for reliable stores of value—like gold—climbs.

    Why Gold Is Gaining Momentum

    Gold has historically outperformed in times of volatility and inflation. It doesn’t rely on company earnings, interest rates, or central bank policy, which makes it a compelling hedge.

    “Gold should be viewed as an insurance policy,” said one analyst, noting its reputation as a reliable store of value when markets shake.

    Unlike traditional assets, gold tends to move independently of stocks and bonds. That’s why long-term investors use it as a portfolio stabilizer—especially in volatile years like 2025.

    Considering adding gold to your portfolio? See this year’s trusted Gold IRA providers

    How to Invest in Gold (Without the Guesswork)

    Here’s a smart 4-step strategy:

    1. Define your objective – Hedge, diversify, preserve?
    2. Choose your allocation – What percent of your retirement should gold cover?
    3. Pick the right structure – Bullion, ETFs, digital metals, or Gold IRAs
    4. Match your timeline – Long-term preservation vs. short-term protection

    Gold IRAs, in particular, allow you to hold physical gold in a retirement account with tax benefits and professional storage—without violating IRS rules.

    Discover which providers offer secure, tax-advantaged Gold IRAs

    Looking Ahead: Gold Forecast Hints at $3,700

    Some analysts are forecasting a climb to $3,700 per ounce by year-end, citing growing central bank demand and mounting geopolitical risk. If this trajectory continues, gold could outpace many traditional investments this year.

    After years of sideways performance, the current uptrend suggests that gold may once again become a core piece of modern retirement strategies.

    Get the full report on the ideal Gold IRA accounts for 2025

    How We Made The List Of Selected Gold IRA Companies

    Before finalizing our July 2025 rankings, we set out to objectively assess which Gold IRA companies stand out—not just in marketing but in real performance, fee transparency, and investor trust. With dozens of providers in the space, we focused on verifiable metrics and user data to provide a list that retirement investors can truly rely on.

    Here are the key criteria we used:

    1. Reputation & Ratings

    We examined third-party platforms like the BBB, BCA, and Trustpilot, prioritizing firms with consistent high scores and resolved complaints. How companies respond to negative feedback was also a major factor.

    2. Fee Transparency

    We prioritized providers that clearly disclose all costs—setup fees, maintenance, storage, and markups. Companies offering flat-rate models or fee waivers for higher deposits scored well.

    3. Storage & Security

    We reviewed depository partnerships, insurance coverage, and whether firms offered segregated vs. non-segregated storage. Secure, IRS-compliant storage was non-negotiable.

    4. Customer Support & Education

    We gave additional weight to providers offering educational tools, no-pressure consultations, and responsive teams. Investor-first firms stood out clearly.

    5. Minimum Investment Requirements

    While some companies cater to high-net-worth investors, we gave credit to those that accommodate smaller rollovers as well, making Gold IRAs more accessible.

    6. Buyback Programs

    The ability to exit matters just as much as entering. We checked for written buyback policies with no hidden fees or barriers to liquidity.

    Gold IRA Companies: FAQs

    What is the most trusted gold IRA company?
    While several firms are respected, the ideal ones combine transparency, strong customer ratings, and educational support.

    Are gold IRAs a good investment?
    Gold IRAs are a long-term hedge—ideal for diversification and preserving wealth during market downturns.

    How do I choose a custodian?
    Look for IRS-approved custodians with clear pricing, strong customer service, and secure storage options.

    Can you make money with a Gold IRA?
    Yes, though growth depends on gold prices and your cost basis. They’re ideal for stability, not quick profits.

    Final Thoughts: Why Gold IRAs Still Matter in 2025

    As inflation lingers and market uncertainty persists, investors are increasingly turning to tangible assets for retirement planning. Gold IRAs offer a tax-advantaged, regulated path to do just that—but not all providers are created equal.

    This year’s rankings focus on credibility, cost-efficiency, and investor-first service to help you make an informed decision. As the role of alternative assets grows, choosing the right partner will be key.

    Company Name: TheExpertVault

    Customer Support Email: info@theexpertvault.com

    Phone Number: 888-728-8834

    Website: www.theexpertvault.com 

    Disclaimer: This analysis was conducted by TheExpertVault’s editorial team, based on independent research and third-party data. This is not financial advice. Always perform your own due diligence before making any investment decision.

    Attachment

    The MIL Network –

  • MIL-OSI Security: Ovidio Guzman Lopez—Son of ‘El Chapo’ and a Head of Sinaloa Cartel—Pleads Guilty to Federal Drug Charges in Chicago

    Source: US FBI

    CHICAGO – OVIDIO GUZMAN LOPEZ, who succeeded his father—Joaquin Guzman Loera, also known as “El Chapo”—as one of the heads of the Sinaloa Cartel in Mexico, pleaded guilty today in U.S. District Court in Chicago to federal drug charges.

    Guzman Lopez, 35, pleaded guilty to two counts of drug conspiracy and two counts of knowingly engaging in a continuing criminal enterprise.  The guilty plea was entered as part of a multi-district plea agreement with the government that resolves charges against Guzman Lopez brought by grand juries in the Northern District of Illinois and the Southern District of New York.

    U.S. District Judge Sharon Johnson Coleman did not set a sentencing date.  Guzman Lopez has been detained without bond following his extradition from Mexico to the United States in 2023.

    The guilty plea is the result of a collaboration between the Justice Department’s Narcotic and Dangerous Drug Section and prosecutors from the Northern District of Illinois, Southern District of New York, and Southern District of California, as well as law enforcement partners from the FBI, Homeland Security Investigations, and the Drug Enforcement Administration.

    The guilty plea was announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, Matthew R. Galeotti, Head of the Justice Department’s Criminal Division, Jay Clayton, United States Attorney for the Southern District of New York, Adam Gordon, United States Attorney for the Southern District of California, Jose A. Perez, Assistant Director of the FBI Criminal Investigative Division, Steven Jensen, Assistant Director in Charge of the FBI’s Washington Field Office, Ray Rede, Acting Special Agent in Charge for Homeland Security Investigations in Arizona, and Robert Murphy, Acting Administrator of the DEA.  Substantial assistance in the investigation was provided by IRS Criminal Investigation, the Justice Department’s Offices of International Affairs and Enforcement Operations, and the U.S. Marshals Service.  The government is represented by Assistant U.S. Attorneys Andrew Erskine, Erika Csicsila, and Michelle Parthum of the Northern District of Illinois; Assistant U.S. Attorneys Nicholas S. Bradley, Jane Y. Chong, Sarah L. Kushner, and David J. Robles of the Southern District of New York; Assistant U.S. Attorney Matthew Sutton of the Southern District of California; and Trial Attorney Kirk Handrich of NDDS.

    The guilty plea was announced as part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to achieve various law enforcement goals, including the total elimination of cartels and transnational criminal organizations (TCOs), as well as protect our communities from the perpetrators of violent crime.  Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs).

    “Today’s historic guilty plea sends yet another crystal-clear message that this Administration is going to shut down and hold accountable transnational criminal organizations and their highest-ranking members and associates,” said U.S. Attorney Boutros.  “Under my leadership, the U.S. Attorney’s Office in Chicago will continue to prioritize the investigation and prosecution of drug cartels, several of which, including the Sinaloa Cartel, have been designated as foreign terrorist organizations.  Our enforcement work will also extend to drug trafficking organizations, narcotics traffickers, and other dangerous criminal enterprises that seek to poison the American public with illegal and harmful drugs.  Our successes stem from our close partnership with federal prosecutors across the country as well as our tight collaboration with our many law enforcement partners.”

    As heirs to the Sinaloa Cartel, Guzman Lopez stated in his plea agreement that he and his three brothers, collectively known as “the Chapitos,” assumed their father’s leadership role following El Chapo’s arrest in 2016 and subsequent conviction in the Eastern District of New York.  Guzman Lopez admitted in the plea agreement that he coordinated the transportation of cocaine, heroin, fentanyl, and other drugs and precursor chemicals from Mexico to the United States border, at times in shipments of hundreds or thousands of kilograms.  Guzman Lopez used a network of couriers affiliated with the cartel to smuggle the drugs into the United States using vehicles, rail cars, tunnels, aircraft, and other means, the plea agreement states.

    After the drugs were distributed throughout the United States, individuals working for Guzman Lopez used bulk cash transport, wire transfers, trade of goods, and cryptocurrency to launder the illicit proceeds and ensure that the money was transmitted to Guzman Lopez and other members of the cartel in Mexico, the plea agreement states.  Guzman Lopez admitted that he and his cartel associates perpetrated violence against law enforcement officials, civilians, and rival drug traffickers in order to protect the cartel’s drug trafficking activities.

    As part of his plea agreement, Guzman Lopez agreed to the entry of an $80 million forfeiture money judgment.

    “Today’s guilty plea is another major step toward holding the Sinaloa Cartel and its leaders accountable for their role in fueling the fentanyl epidemic that has plagued so many Americans,” said U.S. Attorney Clayton.  “We remain committed to dismantling the Cartel’s entire fentanyl infrastructure and ensuring that the Chapitos and their violent organization can no longer flood our communities with this poison.”

    “With each passing day, you are seeing the sunset of the Sinaloa cartel,” said U.S. Attorney Gordon.  “The Chapitos’ latest violence reflects their fading future.  Their leaders who remain free are now paranoid, distrusted and desperate.”

    “The guilty plea by Ovidio Guzman Lopez, son of ‘El Chapo,’ is a real victory for both the United States and Mexico but also a clear win for the rule of law,” said HSI Acting SAC Rede.  “So much blood and violence lay with the Guzman family as well as spreading terror and plaguing both sides of the border with deadly drugs and weapons–no more.  It’s impossible to measure the amount of work HSI and partner agencies have spent in securing this guilty verdict, but what is clear and evident is that no one is beyond the reach of law enforcement and our nation’s laws.  Deliberate and coordinated teamwork resulted in today’s victory.”

    Guzman Lopez’s three brothers—IVAN ARCHIVALDO GUZMAN SALAZAR, JESUS ALFREDO GUZMAN SALAZAR, and JOAQUIN GUZMAN LOPEZ—were also charged with drug trafficking in U.S. indictments. Joaquin Guzman Lopez was arrested last year and remains detained in U.S. custody without bond.  He pleaded not guilty to charges filed in the Northern District of Illinois and is awaiting trial.  Ivan Archivaldo Guzman Salazar and Jesus Alfredo Guzman Salazar are charged in both the Northern District of Illinois and Southern District of New York. They are not in custody and warrants have been issued for their arrests.  The U.S. State Department has issued rewards of up to $10 million for information leading to their arrests and convictions.  [See the reward information here and here.]

    The public is reminded that the charges against Ivan Archivaldo Guzman Salazar, Jesus Alfredo Guzman Salazar, and Joaquin Guzman Lopez are merely allegations.  All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI: Helo and Barrett Financial Group Sign Affiliate Agreement to Revolutionize Mortgage-Linked Financial Wellness

    Source: GlobeNewswire (MIL-OSI)

    WESTWOOD, Mass., July 15, 2025 (GLOBE NEWSWIRE) — Helo Revolution (Helo), the fintech platform helping users build smarter money habits through behavioral science and automation, has signed a groundbreaking Affiliate Program Agreement with Barrett Financial Group, one of the nation’s leading mortgage loan providers.

    This strategic partnership will provide Barrett’s network of over 2,000 loan officers and their clients with access to Helo’s powerful financial wellness platform. In turn, Barrett gains a new revenue stream, deeper client engagement, and access to promote Helo to their audience of high-intent home loan contacts, with potential for much broader integration in the near future.

    A New Era of Financial Empowerment After the Mortgage Closes

    Helo’s premium platform, which launches publicly in Q4 2025, offers automated tools that support homebuyers well beyond the closing date, including automated loan payments, debt optimization strategies, cash flow management, and long-term financial goal tracking. With both free and premium plans, it provides a genuine solution for post-mortgage financial stability, particularly in today’s volatile economic climate. Try Helo’s freemium app today before the premium version is available.

    At its core, Helo is an all-in-one, done-for-you system that combines powerful money management, investment tracking, smart goal planning, and a full-service banking suite, including checking and savings accounts, unlike anything most consumers have ever seen. It’s built to simplify financial life while accelerating long-term wealth.

    “This is a massive opportunity,” said Ariel Dangelo, Founder of Helo. “Buying a home is often the biggest purchase of someone’s life. Through this partnership, we’re not just helping people buy a home — we’re helping them stay financially healthy, pay down mortgages faster, and build long-term wealth confidently. With Barrett’s trusted loan officers introducing Helo, the ripple effect could be life-changing for thousands of families across America.”

    Revenue Alignment and Mutual Growth

    Under the Affiliate Program Agreement:

    • The two companies will collaborate on targeted email campaigns, personalized direct mail, and co-branded digital promotions to drive adoption.
    • Barrett and Helo have also agreed to explore a Joint Venture opportunity if volume milestones are hit.

    “This is about more than fintech,” said Trevor Barrett, CEO of Barrett Financial Group. “It’s about giving our clients real tools to thrive financially. Partnering with Helo means we’re helping our borrowers navigate their mortgage and beyond, not just with great rates, but with real, ongoing support.”

    Strategic Timing with Market Momentum

    The partnership comes at a moment when fintech adoption is accelerating and consumer demand for better post-purchase financial support is at an all-time high.

    Helo’s behavioral-first approach differentiates it from budgeting apps and traditional banks, offering an “automated discipline solution” that helps users stay on track without micromanaging their finances.

    With a combined marketing push and built-in trust from Barrett’s advisors, this partnership is expected to significantly expand Helo’s user base and brand visibility, while helping Barrett provide long-term value to its clients beyond closing day.

    About Helo
    Helo is a smart money platform designed to help everyday people master their finances using cashflow automation, habit-building behavioral tools, and personalized planning. Founded on the principle of “people over profit,” Helo empowers users to make better financial decisions, from spending and saving to debt reduction and investing. Learn more at www.gohelo.com

    About Barrett Financial Group
    Barrett Financial Group, LLC is one of the top-rated mortgage brokerages in the U.S., known for offering tailored home loan solutions through a nationwide network of experienced loan officers. By pricing out multiple lenders and programs, Barrett helps clients secure the best possible mortgage options, including FHA, VA, USDA, Jumbo, Reverse Mortgages, and more. Learn more at www.barrettfinancial.com

    Media Contacts
    Helo Revolution – marketing@gohelo.com

    Barrett Financial Group – info@barrettfinancial.com 

    A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/b12b1127-0ac9-42ec-89cb-299e33dc183d

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e4569b05-9721-4e13-a919-36ff0dfa699d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/28d1ee45-55ca-4102-8c84-f4d0af1c1e9f

    The MIL Network –

  • MIL-OSI: Helo and Barrett Financial Group Sign Affiliate Agreement to Revolutionize Mortgage-Linked Financial Wellness

    Source: GlobeNewswire (MIL-OSI)

    WESTWOOD, Mass., July 15, 2025 (GLOBE NEWSWIRE) — Helo Revolution (Helo), the fintech platform helping users build smarter money habits through behavioral science and automation, has signed a groundbreaking Affiliate Program Agreement with Barrett Financial Group, one of the nation’s leading mortgage loan providers.

    This strategic partnership will provide Barrett’s network of over 2,000 loan officers and their clients with access to Helo’s powerful financial wellness platform. In turn, Barrett gains a new revenue stream, deeper client engagement, and access to promote Helo to their audience of high-intent home loan contacts, with potential for much broader integration in the near future.

    A New Era of Financial Empowerment After the Mortgage Closes

    Helo’s premium platform, which launches publicly in Q4 2025, offers automated tools that support homebuyers well beyond the closing date, including automated loan payments, debt optimization strategies, cash flow management, and long-term financial goal tracking. With both free and premium plans, it provides a genuine solution for post-mortgage financial stability, particularly in today’s volatile economic climate. Try Helo’s freemium app today before the premium version is available.

    At its core, Helo is an all-in-one, done-for-you system that combines powerful money management, investment tracking, smart goal planning, and a full-service banking suite, including checking and savings accounts, unlike anything most consumers have ever seen. It’s built to simplify financial life while accelerating long-term wealth.

    “This is a massive opportunity,” said Ariel Dangelo, Founder of Helo. “Buying a home is often the biggest purchase of someone’s life. Through this partnership, we’re not just helping people buy a home — we’re helping them stay financially healthy, pay down mortgages faster, and build long-term wealth confidently. With Barrett’s trusted loan officers introducing Helo, the ripple effect could be life-changing for thousands of families across America.”

    Revenue Alignment and Mutual Growth

    Under the Affiliate Program Agreement:

    • The two companies will collaborate on targeted email campaigns, personalized direct mail, and co-branded digital promotions to drive adoption.
    • Barrett and Helo have also agreed to explore a Joint Venture opportunity if volume milestones are hit.

    “This is about more than fintech,” said Trevor Barrett, CEO of Barrett Financial Group. “It’s about giving our clients real tools to thrive financially. Partnering with Helo means we’re helping our borrowers navigate their mortgage and beyond, not just with great rates, but with real, ongoing support.”

    Strategic Timing with Market Momentum

    The partnership comes at a moment when fintech adoption is accelerating and consumer demand for better post-purchase financial support is at an all-time high.

    Helo’s behavioral-first approach differentiates it from budgeting apps and traditional banks, offering an “automated discipline solution” that helps users stay on track without micromanaging their finances.

    With a combined marketing push and built-in trust from Barrett’s advisors, this partnership is expected to significantly expand Helo’s user base and brand visibility, while helping Barrett provide long-term value to its clients beyond closing day.

    About Helo
    Helo is a smart money platform designed to help everyday people master their finances using cashflow automation, habit-building behavioral tools, and personalized planning. Founded on the principle of “people over profit,” Helo empowers users to make better financial decisions, from spending and saving to debt reduction and investing. Learn more at www.gohelo.com

    About Barrett Financial Group
    Barrett Financial Group, LLC is one of the top-rated mortgage brokerages in the U.S., known for offering tailored home loan solutions through a nationwide network of experienced loan officers. By pricing out multiple lenders and programs, Barrett helps clients secure the best possible mortgage options, including FHA, VA, USDA, Jumbo, Reverse Mortgages, and more. Learn more at www.barrettfinancial.com

    Media Contacts
    Helo Revolution – marketing@gohelo.com

    Barrett Financial Group – info@barrettfinancial.com 

    A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/b12b1127-0ac9-42ec-89cb-299e33dc183d

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e4569b05-9721-4e13-a919-36ff0dfa699d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/28d1ee45-55ca-4102-8c84-f4d0af1c1e9f

    The MIL Network –

  • MIL-OSI: SoftServe Signs Strategic Collaboration Agreement with AWS to Deliver Cloud Migration, Modernization, and AI-Enabled Solutions for Enterprise Success

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, July 15, 2025 (GLOBE NEWSWIRE) — SoftServe, a premier IT consulting and digital services provider, today announced it has signed a strategic collaboration agreement (SCA) with Amazon Web Services, Inc. (AWS), with plans to amplify enterprise AI adoption for real-world applications through heightened integration of AWS services and cloud-native modernization.

    The newly signed SCA is a multi-year, innovative agreement encompassing co-developed solutions, enhanced investments, and strategic alignment to AWS priorities and client benefits, including:

    • Joint Go-To-Market (GTM) Strategies: Collaborating on GTM initiatives to bring these solutions to market faster and at a higher volume
    • Cloud-Native Transformation: Helping enterprises modernize legacy systems and migrate to AWS with greater speed, security, and efficiency using SAMP, or SoftServe’s Adaptive Modernization Platform (formerly SoftServe Application Modernization Platform), a proven accelerator that reduces timelines for cloud modernization projects through reusable AWS-native modules and Agentic AI to improve scalability, reliability, and developer velocity
    • Customer-Centric Innovation: Customizing scalable, AI-enabled solutions that address real-world challenges, such as helping ISVs accelerate SaaS adoption on AWS by automating multi-tenant provisioning and compliance readiness through AI-powered application modernization
    • Global Reach & Impact: Expanding delivery capabilities, expert access and certifications, and digital collaboration across North America and EMEA

    “Within our alliance with AWS, we deploy a differentiated approach that unifies migration, modernization, and AI adoption into a repeatable, scalable strategy,” said Volodymyr Semenyshyn, SoftServe’s Chief Revenue Officer (CRO). “This collaboration signals next-level advancement for key offerings like our highly customized self-service platform SAMP, which paves the way for reaching more measurable outcomes and faster time-to-value for our clients.”

    “This new cooperation unlocks a new level of joint execution between SoftServe and AWS,” said Darrin Griggy, SVP of Partnerships & Alliances at SoftServe. “Our aligned go-to-market strategies will accelerate solution delivery, expand market reach, and empower organizations to achieve complex migrations, optimize workloads, and operationalize AI with greater efficiency and security.”

    This collaboration underscores the value of SoftServe and AWS to provide flexibility and unlock greater business value for customers across industries. SoftServe is an AWS Premier Tier Services Partner with 12 AWS competencies and is an inaugural launch partner of the AWS Generative AI Competency and Data Foundation for Generative AI with AWS. Notable competencies obtained include Migration, DevOps, Big Data, SaaS, security, machine learning, as well as retail, financial services, healthcare, and more.

    With more than 700 AWS-certified experts, including two of the 274 AWS Ambassadors acclaimed worldwide, SoftServe enables clients to achieve business outcomes through cloud modernization, data platforms, and AI/ML transformation. For more information please visit this website.

    ABOUT SOFTSERVE
    SoftServe is a premier IT consulting and digital services provider. We expand the horizon of new technologies to solve today’s complex business challenges and achieve meaningful outcomes for our clients. Our boundless curiosity drives us to explore and reimagine the art of the possible. Clients confidently rely on SoftServe to architect and execute mature and innovative capabilities, such as digital engineering, data and analytics, cloud, and AI/ML.

    Our global reputation is gained from more than 30 years of experience delivering superior digital solutions at exceptional speed by top-tier engineering talent to enterprise industries, including high tech, financial services, healthcare, life sciences, retail, energy, and manufacturing. Visit our website, blog, LinkedIn, Facebook, and X (Twitter) pages for more information.

    The MIL Network –

  • MIL-OSI Canada: Minister Champagne to participate in G20 and G7 Finance Ministers and Central Bank Governors’ Meetings in South Africa

    Source: Government of Canada News

    July 15, 2025

    The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will participate in G20 and G7 Finance Ministers and Central Bank Governors’ (FMCBG) Meetings, in Durban, South Africa, from July 17 to 18. 

    Prior to the Meetings, during a short stay in Cape Town, the Minister will meet with local businesses and government officials with an eye to advance bilateral partnerships, economic development and innovation collaboration.

    In Durban, the Minister, together with Tiff Macklem, Governor of the Bank of Canada, will chair the fourth G7 FMCBG Meeting under Canada’s G7 Presidency. The agenda builds on the important progress made by Finance Ministers and Central Bank Governors at the G7 in Banff and the shared steps Canada and its partners are taking together to reduce ongoing trade and economic policy uncertainty.

    G7 Ministers and Governors will also discuss Russia’s illegal and unjust war against Ukraine, as well as actions to improve supply chain resilience Australia and South Korea have been invited to join the discussion on supply chains.

    The G20 FMCBG Meetings will focus on the global economy and on issues related to the international financial architecture, international taxation and ways to improve longer-term growth prospects in Africa and across the G20. 

    MIL OSI Canada News –

  • MIL-OSI Security: A Message From the United States Attorney to the Residents of Ruidoso, New Mexico: Combating Disaster-Related Fraud

    Source: US FBI

    ALBUQUERQUE – The recent flooding in Ruidoso, New Mexico, has brought devastating loss and hardship to our community. Lives have been lost, homes and businesses have been destroyed, and many families are facing an uncertain future. In the midst of this tragedy, we have witnessed countless acts of generosity and resilience as neighbors, volunteers, and organizations step forward to help those in need.

    Unfortunately, history teaches us that disasters like this also attract individuals seeking to exploit the situation for personal gain. Fraudulent activity undermines recovery efforts and diverts critical resources away from genuine victims.

    Past disasters have shown that fraud can take many forms, including:

    • Individuals not affected by the flooding who attempt to claim disaster benefits.
    • The creation of fraudulent charities or the diversion of donations intended for legitimate relief organizations.
    • Fraudulent applications for rebuilding grants and loans, such as those offered by the U.S. Department of Housing and Urban Development and the U.S. Small Business Administration.

    Our office has zero tolerance for those who seek to steal from disaster victims or misuse funds meant for recovery. We have established a Disaster Fraud Working Group, which includes the U.S. Attorney’s Office, FBI, Department of Homeland Security, Secret Service, HUD, SBA, Postal Inspectors, Internal Revenue Service, and U.S. Marshals Service. This group is actively reviewing potential cases and will work closely with the New Mexico Department of Justice, local and tribal law enforcement, and community partners to ensure that fraudsters are brought to justice.

    Anyone considering disaster-related fraud should be aware that federal law—specifically, 18 United States Code, Section 1040—provides for penalties of up to 30 years in federal prison.

    We urge the public to remain vigilant. If you observe suspicious activity or suspect fraud, please report it immediately. The National Disaster Fraud Hotline is available toll-free at (866) 720-5721, or you may email disaster@leo.gov. The hotline operates 24/7.

    Together, we can protect our community and ensure that help reaches those who truly need it.

    MIL Security OSI –

  • MIL-OSI: Tango Strengthens Executive Team to Power Next Phase of Growth

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, July 15, 2025 (GLOBE NEWSWIRE) — Tango, the leading provider of cloud-based real estate and facilities management software solutions, is pleased to announce the strategic expansion of its executive leadership team with the appointments of Jill Martin as Chief Administrative Officer (CAO) and Steve Swanston as Chief Revenue Officer (CRO). These leadership additions reflect the company’s focus on strengthening customer relationships, scaling its operations, and driving continued innovation across its global footprint.

    “As we look to the future, building a world-class leadership team is essential to remaining deeply connected to customers at scale and achieving our ambitious goals,” said Jon Elliott, Tango’s Chief Executive Officer. “Jill and Steve bring the strategic insight and operational excellence we need to grow with purpose. Their leadership will help us unlock new opportunities and deepen the value we deliver to our customers every day. Their appointments mark an exciting new chapter in Tango’s journey.”

    Jill Martin brings more than 20 years of legal, compliance, and business leadership experience to Tango, having guided mid-sized, global technology companies through periods of rapid growth and transformation. As CAO, she leads Tango’s people & culture, legal & compliance, information security and information technology functions, ensuring the company operates with integrity, engagement, agility, and resilience. Prior to joining Tango, Jill served as Senior Vice President & General Counsel at Halff, and held senior legal roles at the Nemetschek Group and Bluebeam, Inc.

    Steve Swanston joins Tango as CRO with a strong track record of driving revenue growth and building high-performing sales organizations. As CRO, Steve leads Tango’s sales and marketing functions, with a focus on expanding market presence, deepening customer engagement, and accelerating revenue performance across all segments. He brings deep experience in the financial services and technology sectors, having held executive leadership roles at Velocity Solutions, CU People, and John M. Floyd & Associates.

    The addition of Jill Martin and Steve Swanston to Tango’s executive team marks a pivotal step in the company’s evolution. Their leadership will help propel Tango into its next phase of strategic growth – expanding global reach, advancing product innovation, and deepening the company’s impact across the real estate and facilities management landscape. With this strengthened leadership foundation, Tango is well-positioned to shape the future of the industry.

    About Tango
    With hundreds of customers across more than 175 countries, Tango is the leader in Store Lifecycle Management and Integrated Workplace Management System software. Our platform empowers organizations with the power of knowing – turning data into insight – and the impact of acting, driving smarter decisions across real estate, design and construction, lease administration and accounting, facilities maintenance, occupancy management, energy and sustainability, desk booking, visitor, and space management. To learn more visit tangoanalytics.com.

    The MIL Network –

  • MIL-OSI: Mimecast Appoints Cybersecurity Leader Patrice Perche to Board of Directors to Bolster Enterprise Growth and Global Expansion

    Source: GlobeNewswire (MIL-OSI)

    LEXINGTON, Mass., July 15, 2025 (GLOBE NEWSWIRE) — Mimecast, a global cybersecurity leader redefining how organizations secure human risk through precision-engineered AI, today announced the appointment of Patrice Perche to its Board of Directors.

    Patrice is a long-time cybersecurity and technology executive with a proven track record of driving growth and innovation in the industry and helping organizations worldwide navigate the complexities of today’s threat landscape. Patrice joined Fortinet in 2004, where his contributions and leadership drove the company’s growth from $40M to $6.5B over his nearly 20-year tenure.

    “For this stage of Mimecast’s evolution, Patrice’s deep expertise in cybersecurity and background in go-to-market strategy makes him an exceptional addition to our Board of Directors,” said Marc van Zadelhoff, CEO of Mimecast. “His experience scaling businesses and fostering innovation aligns seamlessly with our vision of securing human risk and reflects our continued investment in global expansion and enterprise market acceleration. Beyond his go-to-market expertise, Patrice will be a sounding board on our strategy as we continue to expand our platform. I’m thrilled to welcome him to Mimecast.”

    “Mimecast is at the forefront of securing the human layer of the organization – where today’s cyber threats most often strike,” said Patrice. “I’ve long admired Mimecast’s commitment to innovation, especially their work integrating AI with human-centric security. I’m excited to work with them on their mission to empower humans to be part of security solutions.”

    Patrice served in senior leadership roles throughout his tenure at Fortinet including Chief Revenue Officer & EVP Support, and SVP Worldwide Sales & Support. Prior to Fortinet, Patrice was co-founder, president and CEO of Risc IT Solutions Ltd. Currently, he is the founder & CEO of Turini AG, providing go-to market expertise in cybersecurity solutions. Perche holds a master’s degree in computer engineering.

    About Mimecast
    Mimecast is a global cybersecurity leader redefining how organizations secure human risk through precision-engineered AI. Its AI-powered, API-enabled connected human risk platform is purpose-built to protect organizations from the spectrum of cyber threats. Integrating cutting-edge technology with human-centric pathways, our platform enhances visibility and provides strategic insight.

    By enabling decisive action and empowering businesses to protect their collaborative environments, our technology safeguards critical data and actively engages employees in reducing risk and enhancing productivity. More than 42,000 businesses worldwide trust Mimecast to help them keep ahead of the ever-evolving threat landscape.

    From insider risk to external threats, customers get more with Mimecast. More visibility. More agility. More control. More security.

    Mimecast and the Mimecast logo are either registered trademarks or trademarks of Mimecast Services Limited in the United States and/or other countries. All other third-party trademarks and logos contained in this press release are the property of their respective owners.

    Press Contacts
    Tim Hamilton
    Principal Public Relations Manager
    +1 603-918-6757
    thamilton@mimecast.com

    General inquiries
    press@mimecast.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c5acbc2f-6ca0-4e11-b585-99d106138711

    The MIL Network –

  • MIL-OSI: Mimecast Appoints Cybersecurity Leader Patrice Perche to Board of Directors to Bolster Enterprise Growth and Global Expansion

    Source: GlobeNewswire (MIL-OSI)

    LEXINGTON, Mass., July 15, 2025 (GLOBE NEWSWIRE) — Mimecast, a global cybersecurity leader redefining how organizations secure human risk through precision-engineered AI, today announced the appointment of Patrice Perche to its Board of Directors.

    Patrice is a long-time cybersecurity and technology executive with a proven track record of driving growth and innovation in the industry and helping organizations worldwide navigate the complexities of today’s threat landscape. Patrice joined Fortinet in 2004, where his contributions and leadership drove the company’s growth from $40M to $6.5B over his nearly 20-year tenure.

    “For this stage of Mimecast’s evolution, Patrice’s deep expertise in cybersecurity and background in go-to-market strategy makes him an exceptional addition to our Board of Directors,” said Marc van Zadelhoff, CEO of Mimecast. “His experience scaling businesses and fostering innovation aligns seamlessly with our vision of securing human risk and reflects our continued investment in global expansion and enterprise market acceleration. Beyond his go-to-market expertise, Patrice will be a sounding board on our strategy as we continue to expand our platform. I’m thrilled to welcome him to Mimecast.”

    “Mimecast is at the forefront of securing the human layer of the organization – where today’s cyber threats most often strike,” said Patrice. “I’ve long admired Mimecast’s commitment to innovation, especially their work integrating AI with human-centric security. I’m excited to work with them on their mission to empower humans to be part of security solutions.”

    Patrice served in senior leadership roles throughout his tenure at Fortinet including Chief Revenue Officer & EVP Support, and SVP Worldwide Sales & Support. Prior to Fortinet, Patrice was co-founder, president and CEO of Risc IT Solutions Ltd. Currently, he is the founder & CEO of Turini AG, providing go-to market expertise in cybersecurity solutions. Perche holds a master’s degree in computer engineering.

    About Mimecast
    Mimecast is a global cybersecurity leader redefining how organizations secure human risk through precision-engineered AI. Its AI-powered, API-enabled connected human risk platform is purpose-built to protect organizations from the spectrum of cyber threats. Integrating cutting-edge technology with human-centric pathways, our platform enhances visibility and provides strategic insight.

    By enabling decisive action and empowering businesses to protect their collaborative environments, our technology safeguards critical data and actively engages employees in reducing risk and enhancing productivity. More than 42,000 businesses worldwide trust Mimecast to help them keep ahead of the ever-evolving threat landscape.

    From insider risk to external threats, customers get more with Mimecast. More visibility. More agility. More control. More security.

    Mimecast and the Mimecast logo are either registered trademarks or trademarks of Mimecast Services Limited in the United States and/or other countries. All other third-party trademarks and logos contained in this press release are the property of their respective owners.

    Press Contacts
    Tim Hamilton
    Principal Public Relations Manager
    +1 603-918-6757
    thamilton@mimecast.com

    General inquiries
    press@mimecast.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c5acbc2f-6ca0-4e11-b585-99d106138711

    The MIL Network –

  • MIL-OSI United Kingdom: £31 million set to be pumped into biggest affordable housing project in city’s history

    Source: City of Stoke-on-Trent

    Published: Tuesday, 15th July 2025

    Extra money is being earmarked for a brand-new multi-million-pound housing estate, made up of almost 120 homes, on a former Stoke-on-Trent school site.

    More than £31 million is now set to be spent on a developing and transforming the former Brookhouse Green Primary School in Wellfield Road, Bentilee, into 117 affordable homes.  

    It marks the biggest single investment in an affordable housing project in the city’s history. The brownfield development will consist of a series of different types of homes, from single-occupier bungalows to three-bedroom family houses.

    Plans to develop the homes on the brownfield site were approved in April as part of the city council’s mission to ensure everyone has access to a decent home.

    The authority has entered into a pre-construction services agreement with developer John Graham Construction Ltd (GRAHAM) – and work is expected to start on site by 2026.

    The national company will work in partnership with the council to ensure that homes are of high quality and energy efficient.

    The council’s cabinet is now set to approve a budget of just over £31 million for the project when it meets later this month. Funding will come from a number of spending pots and grants, as well as the authority’s Housing Revenue Account (HRA).

    The redevelopment of the Wellfield Road site, which was deemed surplus to requirements in 2020, is also being supported by a £1.8 million government grant from the Brownfield Land Release Fund.

    The scheme forms part of the council’s new housing pipeline strategy, which – if approved by cabinet later this month – will see nearly 5,000 homes built across the city in the next few years.

    Councillor Finlay Gordon-McCusker, cabinet member for transport, infrastructure and regeneration at Stoke-on-Trent City Council, said: “This is a history-making housing project, which will deliver the types of affordable homes that many people are crying out for in the city.

    “It is also one of many schemes we will be looking to deliver over the next few years as we make housing – ranging from single occupier bungalows up to larger family homes – a real focus. We will also be making it a priority to transform brownfield and current derelict sites as we regenerate our city.

    “By working together, we’re making great strides to bring much-needed new homes to the city to ensure families can live their best lives now and into the future.”

    MIL OSI United Kingdom –

  • MIL-OSI Security: Bakersfield Tax Return Preparer Pleads Guilty for His Role in $25 Million Fraud Scheme

    Source: Office of United States Attorneys

    Victor Cruz, 40, who was a tax return preparer in Bakersfield, pleaded guilty today to helping Miguel Martinez, a Mexican national who was in the United States illegally, submit fraudulent individual federal income tax returns that claimed $25 million in refunds, Acting U.S. Attorney Michele Beckwith announced.

    According to court records, from November 2019 through June 2023, Martinez led a scheme to file thousands of fraudulent tax returns that claimed millions of dollars in refunds and Cruz helped him carry out the scheme. Martinez used stolen identities to create fake businesses and report phony wage and withholding information for the businesses to the IRS. Martinez then submitted hundreds of individual income tax returns to the IRS in the names of individuals whose identities he had stolen, claiming that those individuals worked for the fake businesses and were owed tax refunds based on the phony wage and withholding information that had been reported. Cruz prepared and filed more than 500 of the fraudulent tax returns, which claimed more than $3 million in refunds. Cruz received thousands of dollars in fees from Martinez in exchange for his services.

    The IRS actually paid out $2.3 million of the $25 million in refunds that was claimed by the fraudulent tax returns.

    This case is the product of an investigation by the IRS Criminal Investigation. Assistant U.S. Attorney Joseph Barton is prosecuting the case.

    Cruz is scheduled to be sentenced on Nov. 17, 2025. He faces a statutory maximum penalty of 10 years in prison and $250,000 fine. The actual sentence, however, will be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables.

    Martinez pleaded guilty and was sentenced to six years in federal prison.

    MIL Security OSI –

  • MIL-OSI Australia: PRRT assessable receipts

    Source: New places to play in Gungahlin

    Assessable petroleum receipts

    Commercial recovery of petroleum is the most significant assessable receipts that result from a petroleum project. These are referred to as assessable petroleum receipts. They generally arise when recovered petroleum is sold before it is processed or after some preliminary processing has been undertaken.

    Certain other kinds of receipts are also assessable under the petroleum resource rent tax (PRRT). Broadly, these receipts are assessable to ensure there is symmetry in the PRRT as they generally arise from amounts that have been previously claimed as a deduction. For example, the consideration received from the disposal of property used in a petroleum project is assessable as the original purchase is deductible under the PRRT.

    There is no revenue or capital distinction in the PRRT. Therefore, receipts of a revenue or capital nature may be assessable under the PRRT.

    For more information, see PRRT concepts.

    Derivation of assessable receipts

    Assessable receipts derived in relation to a petroleum project need to be taken into account in the financial year in which they are receivable or, in certain cases, when they are deemed to be receivable.

    As assessable receipts are derived when they are receivable or deemed to be receivable, they may be derived before the project commences (that is, before a production licence comes into force) or after it has ceased.

    Broadly, assessable receipts from the North West Shelf project derived from 1 July 2012 will be assessable.

    Types of assessable receipts

    There are 7 types of assessable receipts for petroleum projects:

    For further information, see PRRT deductible expenditure.

    Assessable petroleum receipts

    Assessable petroleum receipts are derived when consideration becomes receivable from the sale of a marketable petroleum commodity (MPC). Assessable petroleum receipts are the consideration receivable for the sale less any expenses payable in relation to the sale.

    An MPC is a product produced from petroleum (for example, stabilised crude oil, sales gas and condensate) that is in its final form for the purpose of either sale, use as feedstock for conversion to another product or direct consumption as energy. However, it does not include a product that was produced from an MPC.

    In a situation where the MPC is not sold but it becomes an excluded commodity, the assessable petroleum receipts represent the market value of the MPC before it becomes or became an excluded commodity. Where there is insufficient evidence of the market value, the Commissioner of Taxation may determine a fair and reasonable amount to be the assessable petroleum receipts.

    An excluded commodity is an MPC that has been sold, further processed or treated after being produced, moved from the place of its production other than to an adjacent storage site or moved from a storage site adjacent to the place of production.

    Special rules

    Special rules apply in calculating assessable petroleum receipts from sales gas produced in an integrated gas-to-liquid (GTL) operation or an integrated gas-to-electricity (GTE) operation whereby the sales gas is further processed into a liquefied product or consumed in the commercial production of electricity.

    For more information, see:

    Assessable tolling receipts

    Assessable tolling receipts are consideration receivable for the processing of internal or external petroleum in relation to a petroleum project.

    Internal petroleum is petroleum recovered from a production licence area of the project. For example, a joint venturer who owns the processing facility may process the share of petroleum of one or more other venturers.

    External petroleum is petroleum recovered from an area other than the production licence area of the project. For example, petroleum recovered from project A is processed in the processing plant of project B.

    Assessable exploration recovery receipts

    Assessable exploration recovery receipts are derived in a similar manner as assessable petroleum receipts, except that they are derived from petroleum (or an MPC produced from the petroleum) recovered from the eligible exploration or recovery area (other than a production licence area) in relation to a petroleum project. In other words, they relate to recovery of petroleum from the area of an exploration permit or a retention lease.

    Assessable property receipts

    Assessable property receipts include certain amounts receivable in respect of the disposal, loss or destruction of property for which a deduction for capital expenditure (being eligible real expenditure) was incurred in relation to the project.

    Assessable property receipts include all of the following amounts:

    • consideration receivable on disposal of project property
    • the market value of property on termination of its use in the project
    • insurance payments for loss or damage to project property
    • consideration receivable for hiring, leasing out or granting of a right to use project property
    • consideration receivable for the provision of information obtained by incurring eligible real expenditure in relation to the project (for example, amounts receivable from sale of information obtained from a survey, appraisal or study).

    Where property has been purchased for use partly in relation to a project (and accordingly only that proportion of capital expenditure has been claimed as eligible real expenditure of the project), only a corresponding proportion of the receipts from the disposal of that property (or other things referred to above) will be included as assessable property receipts in relation to the project.

    Assessable miscellaneous compensation receipts

    Assessable miscellaneous compensation receipts include amounts receivable by way of insurance, compensation or indemnity in respect of all of the following:

    • the loss or destruction (or in respect of the loss of any profit caused by the loss or destruction) of petroleum before an MPC had been produced from the petroleum
    • the loss or destruction (or in respect of the loss of any profit caused by the loss or destruction) of an MPC before it becomes an excluded commodity
    • the loss of any amounts that would otherwise have been assessable receipts in relation to a project.

    Assessable miscellaneous compensation receipts also include amounts receivable by way of refund, rebate, discount, commission, compensation or indemnity received in relation to eligible real expenditure incurred in relation to a project.

    Assessable miscellaneous compensation receipts will include grossed up amounts of refunds of resource tax expenditure for the North West Shelf project.

    Refunds of resource tax expenditure

    The North West Shelf project is subject to certain Commonwealth, state and territory excise and royalties (resource tax expenditure).

    From 1 July 2012, resource tax expenditure is creditable against the PRRT liability of the North West Shelf project. This is achieved by grossing up payments of resource taxes by the PRRT rate that is then deductible against assessable receipts of the project.

    Entities may be entitled to a refund where there has been an overpayment of a royalty or excise. In these circumstances the refund will be grossed up (by dividing it by the PRRT rate) and will be treated as an assessable miscellaneous compensation receipt in the year it is received.

    However, refunds received after 1 July 2012 that relate to petroleum extracted before 1 July 2012, will not be assessable.

    Assessable employee amenities receipts

    Amounts receivable for or in respect of the provision of employee amenities in respect of which eligible real expenditure was incurred, are assessable employee amenities receipts.

    The term ’employee amenities’ means provision of non-profit housing, health, education, recreation, welfare or similar facilities and services (including provision of meals) to project employees or their dependents.

    Assessable incidental production receipts

    Consideration receivable from the sale of incidental products other than petroleum or an MPC which have been recovered, extracted or produced using operations, facilities and other things that are related to the petroleum project and for which eligible real expenditure was incurred, will be treated as assessable incidental production receipts.

    Examples include consideration receivable from the sale of both:

    • water from a water treatment facility that is an integral part of a petroleum project
    • excess electricity that is produced as part of a petroleum project.

    Assessable incidental production receipts also include consideration receivable from the sale of services relating to carbon capture and storage provided to another entity using operations, facilities and other things of the petroleum project and for which eligible real expenditure was incurred.

    Receipts which are not assessable receipts

    Some receipts are not assessable for PRRT purposes, particularly those receipts that relate to expenditure which has been categorised as excluded expenditure for PRRT purposes. Examples include:

    • amounts received as loans, or in respect of loans made
    • receipts of interest and capital repayments received from borrowers
    • share capital received as shareholders’ funds
    • dividend or bonus shares received from associated companies
    • private override royalty income
    • proceeds from the sale of interests in an exploration permit, retention lease or production licence.

    For more information, see PRRT deductible expenditure.

    MIL OSI News –

  • MIL-OSI USA: News 07/14/2025 Blackburn, Cortez Masto Bipartisan Bill to Help Americans Recover from Natural Disasters Passes Senate

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)

    WASHINGTON, D.C. – U.S. Senators Marsha Blackburn (R-Tenn.) and Catherine Cortez Masto (D-Nev.) released the following statements after their bipartisan bill to provide relief for impacted taxpayers in states that have issued state-level disaster declarations passed the Senate. The Filing Relief for Natural Disasters Act would allow the Internal Revenue Service (IRS) to postpone filing deadlines for taxpayers affected by state-declared natural disasters, instead of only presidentially-declared federal disasters. The legislation passed the House earlier this year and now heads to President Trump’s desk to be signed into law. It is also co-sponsored by Senators John Kennedy (R-La.) and Chris Van Hollen (D-Md.). 

    Under current law, families impacted by floods and fires in areas with a state-level disaster declaration are not eligible for any tax relief because the disaster was not also declared by the President of the United States. Senator Blackburn’s legislation will change that, ensuring that everyone impacted by fires, floods, and storms gets the tax relief they need.

    “When a disaster like Hurricane Helene hits, the last thing Tennesseans should have to worry about is meeting a tax-filing deadline,” said Senator Blackburn. “The Filing Relief for Natural Disasters Act empowers the governor to extend tax deadlines, giving Tennesseans the flexibility to focus on disaster recovery and I’m thrilled it’s headed to President Trump’s desk.” 

    “A natural disaster is devastating for anyone. Impacted taxpayers should not have to worry about whether their state’s natural disaster has been recognized by the President for them to receive the support they deserve,” said Senator Cortez Masto. “This bipartisan legislation will ensure that anyone impacted by state-level emergencies can have some peace of mind when filling their taxes.”

    THE FILING RELIEF FOR NATURAL DISASTERS ACT

    • The Filing Relief for Natural Disasters Act would allow the governor of a state or territory to extend a federal tax filing deadline in the event of a state-declared emergency or disaster, which happens automatically for federally-declared disasters. Extending this authority to states gives them the ability to provide relief independent of the federal government’s involvement in an emergency or natural disaster.
    • The legislation would also expand the mandatory federal filing extension from 60 days to 120 days.
    • Representatives David Kustoff (R-Tenn.) and Judy Chu (D-Calif.) introduced companion legislation in the U.S. House of Representatives, which also passed.

    MIL OSI USA News –

  • MIL-OSI USA: Hagerty Hails Enactment of Anti-IRS Snooping Provision in the One Big Beautiful Bill Act

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty
    WASHINGTON—Today, United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, hailed the inclusion of the Stop the Nosy Obsession with Online Payments (SNOOP) Act, in the One Big Beautiful Bill Act (OBBBA) signed into law by President Donald Trump on July 4, 2025. The SNOOP Act and its corresponding text in the OBBBA eliminates a Biden-era policy that massively expanded the Internal Revenue Service’s (IRS) 1099-K reporting requirements for small businesses, gig workers, and individual sellers.
    “Small businesses and Tennesseans were unreasonably targeted by the previous administration’s overreach,” said Senator Hagerty.  “By eliminating an ill-conceived and invasive Biden-era policy, the ‘One, Big Beautiful Bill’ provides much-needed tax relief and helps hardworking Americans keep their focus on serving their customers—not the IRS.”
    The SNOOP Act restores the 1099-K reporting thresholds to $20,000 and 200 transactions, their levels prior to the enactment of the American Rescue Plan during the Biden Administration. Senator Hagerty introduced the SNOOP Act in the 119th, 118th, and 117th Congresses.

    MIL OSI USA News –

  • MIL-OSI: AI Mining Revolutionizes Ripple’s XRP, PFMCrypto Launches Smart Mining Contracts for Smarter Crypto Rewards

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 14, 2025 (GLOBE NEWSWIRE) — As Ripple’s XRP ecosystem gains global momentum, PFMCrypto is proud to introduce a major leap in accessible crypto mining: the launch of XRP-focused cloud mining contracts. Now available on both web and mobile platforms, these flexible short-term contracts allow users to mine XRP remotely and receive daily XRP rewards—no mining hardware, no complex setup, and no prior experience required. For the first time, retail participants can engage with the XRP economy through a streamlined, fully integrated platform.
    Explore the PFMCrypto website or download the app today.

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

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

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

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

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

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

    XRP Mining for a Digital Future
    Since 2018, PFMCrypto has helped millions of users around the world generate passive crypto income through secure, smart, cloud-based mining. With the introduction of XRP mining, the platform offers the ideal combination of institutional-grade infrastructure and retail accessibility. Now, users can choose to earn directly in XRP or diversify into major digital assets—all within a secure, fully remote environment.
    “XRP has always been fast, efficient, and scalable,” said a PFMCrypto spokesperson. “Now, it’s also mineable—securely, remotely, and profitably. We’ve eliminated the barriers so anyone can participate in XRP’s future growth.”
    Markets may shift—but daily mining income can remain steady.

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

    The MIL Network –

  • MIL-OSI: AI Mining Revolutionizes Ripple’s XRP, PFMCrypto Launches Smart Mining Contracts for Smarter Crypto Rewards

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 14, 2025 (GLOBE NEWSWIRE) — As Ripple’s XRP ecosystem gains global momentum, PFMCrypto is proud to introduce a major leap in accessible crypto mining: the launch of XRP-focused cloud mining contracts. Now available on both web and mobile platforms, these flexible short-term contracts allow users to mine XRP remotely and receive daily XRP rewards—no mining hardware, no complex setup, and no prior experience required. For the first time, retail participants can engage with the XRP economy through a streamlined, fully integrated platform.
    Explore the PFMCrypto website or download the app today.

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

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

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

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

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

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

    XRP Mining for a Digital Future
    Since 2018, PFMCrypto has helped millions of users around the world generate passive crypto income through secure, smart, cloud-based mining. With the introduction of XRP mining, the platform offers the ideal combination of institutional-grade infrastructure and retail accessibility. Now, users can choose to earn directly in XRP or diversify into major digital assets—all within a secure, fully remote environment.
    “XRP has always been fast, efficient, and scalable,” said a PFMCrypto spokesperson. “Now, it’s also mineable—securely, remotely, and profitably. We’ve eliminated the barriers so anyone can participate in XRP’s future growth.”
    Markets may shift—but daily mining income can remain steady.

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

    The MIL Network –

  • MIL-OSI: PrairieSky Announces Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 14, 2025 (GLOBE NEWSWIRE) —

    PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX: PSK) is pleased to announce its second quarter operating and financial results for the period ended June 30, 2025.

    Second Quarter Highlights:

    • Record oil royalty production of 14,376 barrels per day, an 8% increase over Q2 2024(1). Total royalty production averaged 26,457 BOE per day, a 4% increase over Q2 2024.
    • Revenues totaled $123.6 million for Q2 2025(1) comprised of royalty production revenue of $111.2 million and other revenue of $12.4 million, including bonus consideration of $8.5 million earned on entering into 47 new leasing arrangements primarily focused on the Duvernay light oil play.
    • Funds from operations totaled $96.7 million or $0.41 per share, a decrease of 9% from Q2 2024  as record oil royalty production volumes, narrowed heavy and light oil price differentials and a weaker Canadian dollar were offset by lower benchmark US$ WTI pricing.
    • Declared a second quarter dividend of $61.2 million ($0.26 per share), representing a payout ratio of 63%.
    • Purchased and cancelled 84,020 common shares under the Company’s normal course issuer bid (“NCIB”) for $2.0 million. 
    • Completed acquisitions for $6.5 million, primarily of non-producing gross overriding royalty interests targeting Mannville oil.
    • Net debt totaled $242.0 million as at June 30, 2025, a decrease of $16.8 million from March 31, 2025.
     

    President’s Message

    Oil royalty production volumes reached a record 14,376 barrels per day in Q2 2025, an 8% increase over Q2 2024, bringing year-to-date oil royalty production to 13,941 barrels per day. We continue to see growth in our heavy oil portfolio with the Clearwater and Mannville Stack(2) approaching 25% of oil royalty production as third-party operators continue to execute on their drilling programs in these plays. Multilateral horizontal drilling reached a record 52% of spuds (61 wells) in the quarter which included 47 wells in the Clearwater. Year-to-date activity has been particularly strong in the Duvernay with 30 wells spud compared to 33 spud in all of 2024. We expect to see initial royalty production from multiple Duvernay wells in the West Shale Basin(2) in the third quarter and this level of third-party activity to continue to drive annual oil royalty production growth.

    Funds from operations totaled $96.7 million ($0.41 per share) in the quarter driven by strong royalty production volumes of 26,457 BOE per day which generated royalty revenue of $111.2 million, 93% attributed to oil and NGL. Oil royalty production revenue totaled $95.7 million, a 14% decrease from Q2 2024, with lower US$ WTI benchmark pricing offsetting record oil royalty production volumes of 14,376 barrels per day, narrowed light and heavy oil differentials and a weaker Canadian dollar. Natural gas royalty production volumes averaged 58.4 MMcf per day in the quarter, earning $7.9 million in royalty revenue which represented an 80% increase over Q2 2024. The increase in natural gas royalty production revenue was primarily due to improved benchmark pricing with daily AECO index pricing averaging $1.69 per Mcf in the quarter, an increase of 43% over Q2 2024. NGL royalty production averaged 2,348 barrels per day, an increase of 2% from Q2 2024 and generated total NGL royalty production revenue of $7.6 million in the quarter. It was a strong quarter for other revenues which totaled $12.4 million, including bonus consideration of $8.5 million earned on entering into 47 new leases with 37 separate counterparties.

    PrairieSky declared a dividend of $0.26 per share or $61.2 million in the quarter with a resulting payout ratio of 63%. Excess funds from operations after payment of the dividend were allocated to the acquisition of $6.5 million of incremental royalty interests focused on non-producing gross overriding royalty interests targeting Mannville heavy oil targets and share repurchases. The NCIB remains an important part of our long-term capital allocation strategy to create value for shareholders. During the quarter, 84,020 common shares were repurchased and cancelled with an incremental $11.0 million(3) allocated to share repurchases to be settled subsequent to June 30, 2025. PrairieSky exited the quarter with net debt of $242.0 million at June 30, 2025. Subsequent to Q2 2025, PrairieSky exercised the accordion feature of its unsecured, covenant-based credit facility with the existing syndicate of Canadian banks, increasing the commitment of lenders by $250 million, bringing the aggregate credit limit available to PrairieSky to $600 million. There were no other amendments made to the credit facility. The expanded facility provides increased liquidity and financial flexibility moving forward.

    Thank you to our staff for their hard work in the quarter and our shareholders for their continued support.

    Andrew Phillips, President & CEO

    ACTIVITY ON PRAIRIESKY’S ROYALTY PROPERTIES

    Third-party operators spud 117 wells on PrairieSky’s royalty acreage at an average royalty rate of 4.8%, as compared to the 115 wells spud in Q2 2024 at an average royalty rate of 6.6%. Drilling activity generally slows in the second quarter across the Western Canadian Sedimentary Basin as a result of spring break-up. Spuds were comprised of 74 wells on gross overriding royalty acreage, 33 wells on fee lands and 10 unit wells. There were a total of 113 oil wells (97% of wells) spud during the quarter which included 47 Clearwater wells, 17 Mannville light and heavy oil wells, 13 Duvernay wells, 11 Viking wells, 11 Mississippian wells and 14 additional oil wells across Alberta and Saskatchewan. There were 3 Mannville natural gas wells and 1 Duvernay natural gas well spud in Q2 2025.

    NOTES AND REFERENCES

    (1) In this press release, the financial reporting periods are referred to as follows: “Q2 2025”, “the quarter” or the “the second quarter” refers to the three months ended June 30, 2025; “Q2 2024” refers to the three months ended June 30, 2024.
    (2) For further details on the “Mannville Stack” and “West Shale Basin”, we refer you to PrairieSky’s most recent Corporate Presentation contained on PrairieSky’s website at www.prairiesky.com.
    (3) Included in accounts payable and accrued liabilities at June 30, 2025 is $11.0 million related to common share repurchases of which $1.0 million related to common share repurchases that were pending settlement at June 30, 2025 and the remaining $10.0 million related to a provision for share repurchases under the Company’s automatic share purchase plan with an independent broker.
       

    Unless otherwise indicated or the context otherwise requires, terms used in this press release but not defined above are as defined in in the Company’s Annual Information Form for the year ended December 31, 2024 which is available on SEDAR+ at www.sedarplus.com and PrairieSky’s website at www.prairiesky.com.

    FINANCIAL AND OPERATIONAL INFORMATION

    The following table summarizes select operational and financial information of the Company for the periods noted. All dollar amounts are stated in Canadian dollars unless otherwise noted.

    A full version of PrairieSky’s management’s discussion and analysis (“MD&A”) and unaudited interim condensed consolidated financial statements and notes thereto for the fiscal period ended June 30, 2025 are available on SEDAR+ at www.sedarplus.com and PrairieSky’s website at www.prairiesky.com.

      Three months ended Six months ended
      June 30   March 31 June 30 June 30 June 30
    ($ millions, except $ per share or as otherwise noted) 2025   2025 2024 2025 2024
    FINANCIAL                    
    Royalty production revenue 111.2   119.9   125.5   231.1   238.7  
    Other revenue 12.4   8.2   10.1   20.6   17.6  
    Revenues 123.6   128.1   135.6   251.7   256.3  
                         
    Funds from operations 96.7   85.8   106.1   182.5   189.1  
    Per share – basic and diluted(1) 0.41   0.36   0.44   0.77   0.79  
                         
    Net earnings 56.3   58.4   60.3   114.7   107.8  
    Per share – basic and diluted(1) 0.24   0.25   0.25   0.48   0.45  
                         
    Dividends declared(2) 61.2   61.2   59.7   122.4   119.4  
    Per share 0.26   0.26   0.25   0.52   0.50  
                         
    Dividend payout ratio(3) 63%   71%   56%   67%   63%  
                         
    Acquisitions(4) 6.5   63.6   12.3   70.1   21.1  
    Net debt(5) 242.0   258.8   174.6   242.0   174.6  
    Common share repurchases, inclusive of all costs 2.0   91.8   –   93.8   –  
                         
    Shares outstanding (millions)                    
    Shares outstanding at period end 235.5   235.5   239.0   235.5   239.0  
    Weighted average – basic and diluted 235.5   238.3   239.0   236.9   239.0  
                         
    OPERATIONAL                    
    Royalty production volumes                    
    Crude oil (bbls/d) 14,376   13,502   13,312   13,941   13,227  
    NGL (bbls/d) 2,348   2,520   2,308   2,433   2,421  
    Natural gas (MMcf/d) 58.4   55.9   58.2   57.1   60.1  
    Royalty Production (BOE/d)(6) 26,457   25,339   25,320   25,891   25,665  
                         
    Realized pricing                    
    Crude oil ($/bbl) 73.16   83.16   91.75   77.98   84.51  
    NGL ($/bbl) 35.47   44.51   47.20   40.13   45.62  
    Natural gas ($/Mcf) 1.50   1.73   0.84   1.61   1.38  
    Total ($/BOE)(6) 46.19   52.58   54.47   49.31   51.10  
                         
    Operating netback per BOE ($)(7) 43.04   42.85   51.39   42.95   45.43  
                         
    Funds from operations per BOE ($) 40.16   37.62   46.05   38.94   40.48  
                         
    Oil price benchmarks                    
    West Texas Intermediate (WTI) (US$/bbl) 63.76   71.39   80.57   67.59   78.76  
    Edmonton light sweet ($/bbl) 84.24   95.20   105.16   89.78   98.66  
    Western Canadian Select (WCS) crude oil differential to WTI (US$/bbl) (10.27 ) (12.67 ) (13.60 ) (11.47 ) (16.47 )
                         
    Natural gas price benchmarks                    
    AECO Monthly Index ($/Mcf) 2.07   2.02   1.44   2.05   1.74  
    AECO Daily Index ($/Mcf) 1.69   2.16   1.18   1.93   1.84  
                         
    Foreign exchange rate (US$/CAD$) 0.7228   0.6976   0.7315   0.7096   0.7364  
    (1) Funds from operations and net earnings per share are calculated using the weighted average number of basic and diluted common shares outstanding.
    (2) A dividend of $0.26 per share was declared on June 3, 2025. The dividend will be paid on July 15, 2025 to shareholders of record as at June 30, 2025.
    (3) Dividend payout ratio is defined under the “Non-GAAP Measures and Ratios” section of this press release.
    (4) Excluding right-of-use asset additions.
    (5) See Note 12 “Capital Management” in the interim condensed consolidated financial statements for the three and six months ended June 30, 2025 and 2024 and Note 13 “Capital Management” in the interim condensed consolidated financial statements for the three months ended March 31, 2025 and 2024.
    (6) See “Conversions of Natural Gas to BOE”.
    (7) Operating netback per BOE is defined under the “Non-GAAP Measures and Ratios” section of this press release.
       

    CONFERENCE CALL DETAILS

    A conference call to discuss the results will be held for the investment community on Tuesday, July 15, 2025, beginning at 6:30 a.m. MST (8:30 a.m. EST). To participate in the conference call, you are asked to register at one of the links provided below. Details regarding the call will be provided to you upon registration.

    Live call participant registration        
    URL:      https://register-conf.media-server.com/register/BI4b3e791d098f4a4c844ea1427370d036

    Live webcast participant registration (listen in only)
    URL:  https://edge.media-server.com/mmc/p/5a4q5q2j

    FORWARD-LOOKING STATEMENTS

    This press release includes certain forward-looking information and forward-looking statements (collectively, “forward-looking statements”) which may include, but are not limited to PrairieSky’s future plans, current expectations and views of future operations and contains forward-looking statements that the Company believes allow readers to better understand the Company’s business and prospects. All statements other than statements of historical fact may be forward-looking statements. The use of any of the words “expect”, “expected to”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “could”, “likely”, “believe”, “plans”, “intends”, “strategy” and similar expressions (including negative variations) are intended to identify forward-looking information or statements. Forward-looking statements contained in this press release include, but are not limited to, our expectations with respect to PrairieSky’s business and growth strategy and trajectory, including the expectation of receiving royalty production from multiple royalty interest wells in the West Shale Basin in the third quarter; management’s expectation that the level of third-party activity on PrairieSky’s royalty lands will continue to drive annual royalty production growth; and PrairieSky’s expectations to execute on the NCIB as part of our long-term capital allocation strategy to create value for shareholders.

    With respect to forward-looking statements contained in this press release, PrairieSky has made several assumptions including those described in detail in our MD&A and the Annual Information Form for the year ended December 31, 2024. Readers and investors are cautioned that the assumptions used in the preparation of such forward-looking statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. PrairieSky’s actual results, performance, or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. PrairieSky can give no assurance that any of the events anticipated will transpire or occur, or if any of them do, what benefits the Company will derive from them.

    By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond PrairieSky’s control, including but not limited to the impact of general economic conditions including inflation, industry conditions, volatility of commodity prices, lack of or access to sufficient pipeline capacity, currency fluctuations, interest rates, imprecision of reserve estimates, competitive factors impacting royalty rates, environmental risks, taxation, regulation, changes in tax or other legislation, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility, political and geopolitical instability, the risks and impacts of tariffs imposed between Canada and the United States (and other countries) or other restrictive trade measures, retaliatory or countermeasures implemented by such governments affecting trade between Canada and the United States (and other countries), including the potential introduction of regulatory barriers to trade and the effect on the demand and/or market price for commodities, inaccurate expectations for industry drilling levels on our royalty lands and the Company’s ability to access sufficient capital from internal and external sources. In addition, PrairieSky is subject to numerous risks and uncertainties in relation to acquisitions. These risks and uncertainties include risks relating to the potential for disputes to arise with counterparties, and limited ability to recover indemnification under certain agreements. The foregoing and other risks, uncertainties and assumptions are described in more detail in PrairieSky’s MD&A and the Annual Information Form for the year ended December 31, 2024 under the headings “Risk Management” and “Risk Factors”, respectively, each of which is available on SEDAR+ at www.sedarplus.com and PrairieSky’s website at www.prairiesky.com.

    Further, any forward-looking statement is made only as of the date of this press release, and PrairieSky undertakes no obligation to update or revise any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events, except as required by applicable securities laws. New factors emerge from time to time, and it is not possible for PrairieSky to predict all of these factors or to assess, in advance, the impact of each such factor on PrairieSky’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

    CONVERSIONS OF NATURAL GAS TO BOE

    To provide a single unit of production for analytical purposes, natural gas production and reserves volumes are converted mathematically to equivalent barrels of oil (BOE). PrairieSky uses the industry-accepted standard conversion of six thousand cubic feet of natural gas to one barrel of oil (6 Mcf = 1 bbl). The 6:1 BOE ratio is based on an energy equivalency conversion method primarily applicable at the burner tip. It does not represent a value equivalency at the wellhead and is not based on either energy content or current prices. While the BOE ratio is useful for comparative measures and observing trends, it does not accurately reflect individual product values and might be misleading, particularly if used in isolation. As well, given that the value ratio, based on the current price of crude oil to natural gas, is significantly different from the 6:1 energy equivalency ratio, using a 6:1 conversion ratio may be misleading as an indication of value.

    NON-GAAP MEASURES AND RATIOS

    Certain measures and ratios in this press release do not have any standardized meaning as prescribed by IFRS and, therefore, are considered non-GAAP measures and ratios. These measures and ratios may not be comparable to similar measures and ratios presented by other issuers. These measures and ratios are commonly used in the oil and natural gas industry and by PrairieSky to provide potential investors with additional information regarding the Company’s liquidity and its ability to generate funds to conduct its business. Non-GAAP measures and ratios include operating netback per BOE and dividend payout ratio. Management’s use of these measures and ratios is discussed further below. Further information can be found in the Non-GAAP Measures and Ratios section of PrairieSky’s MD&A for the three and six months ended June 30, 2025 and 2024 and PrairieSky’s MD&A for the three months ended March 31, 2025 and 2024.

    “Operating netback per BOE” represents the cash margin for products sold on a BOE basis. Operating netback per BOE is calculated by dividing the operating netback (royalty production revenue less production and mineral taxes and cash administrative expenses) by the average daily production volumes for the period. Operating netback per BOE is used to assess the cash generating and operating performance per unit of product sold and the comparability of the underlying performance between years. Operating netback per BOE measures are commonly used in the oil and natural gas industry to assess performance comparability. Refer to the Operating Results table starting on page 6 of PrairieSky’s MD&A for the three and six months ended June 30, 2025 and 2024 and page 6 of PrairieSky’s MD&A for the three months ended March 31, 2025 and 2024.

      Three months ended Six months ended
      June 30 March 31 June 30 June 30 June 30
    ($ millions) 2025 2025 2024 2025 2024
    Cash from operating activities 90.3   90.7   99.3   181.0   179.0  
    Other revenue (12.4 ) (8.2 ) (10.1 ) (20.6 ) (17.6 )
    Amortization of debt issuance costs (0.1 ) (0.1 ) (0.1 ) (0.2 ) (0.2 )
    Finance expense 3.0   2.9   3.5   5.9   7.2  
    Current tax expense 16.5   17.3   19.0   33.8   33.7  
    Interest on lease obligation (0.1 ) –   –   (0.1 ) –  
    Net change in non-cash working capital 6.4   (4.9 ) 6.8   1.5   10.1  
    Operating netback 103.6   97.7   118.4   201.3   212.2  
                         

    “Operating Margin” represents operating netback as a percentage of royalty production revenue. Management uses this measure to demonstrate the comparability between the Company and production and exploration companies in the oil and natural gas industry as it shows net revenue generation from operations.

      Three months ended Six months ended
      June 30 March 31 June 30 June 30 June 30
    ($ millions) 2025 2025 2024 2025 2024
    Royalty production revenue 111.2 119.9 125.5 231.1 238.7
    Operating netback 103.6 97.7 118.4 201.3 212.2
    Operating margin 93% 81% 94% 87% 89%
               

    “Dividend payout ratio” is calculated as dividends declared as a percentage of funds from operations. Payout ratio is used by dividend paying companies to assess dividend levels in relation to the funds generated and used in operating activities.

      Three months ended Six months ended
      June 30 March 31 June 30 June 30 June 30
    ($ millions, except otherwise noted) 2025 2025 2024 2025 2024
    Funds from operations 96.7 85.8 106.1 182.5 189.1
    Dividends declared 61.2 61.2 59.7 122.4 119.4
    Dividend payout ratio 63% 71% 56% 67% 63%
               

    ABOUT PRAIRIESKY ROYALTY LTD.

    PrairieSky is a royalty company, generating royalty production revenues as oil and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating funds from operations and that represent the largest and most consolidated independently-owned fee simple mineral title position in Canada. PrairieSky’s common shares trade on the Toronto Stock Exchange under the symbol PSK.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Andrew M. Phillips
    President & Chief Executive Officer
    PrairieSky Royalty Ltd.
    (587) 293-4005

    Michael T. Murphy
    Vice-President, Geosciences & Capital Markets
    PrairieSky Royalty Ltd.
    (587) 293-4056

    Investor Relations
    (587) 293-4000
    www.prairiesky.com

    		 Pamela P. Kazeil
    Senior Vice-President, Finance & Chief Financial
    Officer
    PrairieSky Royalty Ltd.
    (587) 293-4089
       

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