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Category: Taxation

  • MIL-OSI USA: Aderholt Applauds House Passage of President Trump’s “One Big Beautiful Bill”

    Source: United States House of Representatives – Congressman Robert Aderholt (AL-04)

    Washington, D.C. — Congressman Robert Aderholt (AL-04) today released the following statement after the U.S. House of Representatives passed President Donald J. Trump’s “One Big Beautiful Bill,” sending the landmark legislation to the President’s desk for his signature:

    “The One Big Beautiful Bill delivers the America First agenda in a fiscally responsible way. Getting this bill to the President’s desk to deliver his mandate for an economy that is pro-growth, pro-family, pro-business, and pro-worker. It also continues to support the most vulnerable in our society while helping able-bodied individuals get back to work.”

    In addition to the bill’s broad economic and social reforms, Congressman Aderholt successfully fought for the inclusion of a key pro-family provision — a refundable Adoption Tax Credit. This critical measure will help make adoption more accessible for lower- and middle-income families by ensuring they can fully benefit from the tax credit, regardless of their federal tax liability.

    “As someone who has long championed pro-life and pro-family policies, I was proud to lead the charge to make the Adoption Tax Credit refundable once again,” Aderholt said. “No family should be denied the opportunity to adopt a child simply because they can’t afford the upfront cost. This provision ensures that families of modest means receive the same support as wealthier households when they open their hearts and homes to a child in need.”

    The “One Big Beautiful Bill” is a sweeping legislative package aimed at restoring American prosperity, securing the border, promoting work, and uplifting families. With its passage, Congress takes a bold step forward in delivering on the America First vision and strengthening the nation from the ground up.

    “Despite what many of my Democrat colleagues and the national news media have claimed, this bill does not remove children or veterans from Medicaid or food assistance. What it does do is restore these vital programs to their original purpose — providing a safety net for the poor, pregnant women, children, and individuals with disabilities. The reforms we’ve made will help ensure that Medicaid remains focused on its core mission and continues to serve those who truly need it most. Not for able bodied people who just don’t want to work.”

    Having now cleared both chambers, the bill awaits the President’s signature and is expected to be signed into law in the coming days.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Golden statement on passage of GOP’s partisan reconciliation bill

    Source: United States House of Representatives – Congressman Jared Golden (ME-02)

    So-called ‘Big Beautiful Bill’ hurts the working poor and undermines America’s future to pay for tax cuts for the rich

    WASHINGTON — Congressman Jared Golden (ME-02) released the following statement after the House GOP gave final passage to H.R. 1, their reconciliation budget bill, in a party-line 218-214 vote.  

    Golden voted against the bill. 

    “This year, we had a real opportunity to pass a budget that put the middle class first. The reality of slim majorities in both chambers of Congress should have created an incentive to work across the aisle. The parties could have worked together to extend middle-class tax cuts without giveaways to corporations and the wealthy. We could have built on the success of $35 insulin and Medicare drug price negotiations to make health care more affordable. We could have reduced the deficit — something both parties agree should be a priority.

    “Instead, from the very beginning, this GOP majority has used a broken, partisan process where the only choices put on the floor seemed to be ‘bad’ or ‘worse.’ 

    “As a result, we have a law that will take health care away from tens of thousands of Mainers, close rural hospitals across the country, and blow up the national debt — all to pay for tax cuts that mostly benefit those at the top. While I am proud to join the entire Maine delegation in voting against this bill, the truth is Mainers will suffer because of this partisan, harmful budget.” 

    Background on H.R. 1, the so-called “Big Beautiful Bill Act”:

    • Lost Coverage, Increased Health Care Costs: The bill cuts Medicaid by $930 billion, and eliminates tax credits that help individuals afford insurance on the ACA marketplace (coverME.gov in Maine). Estimates on the impact on coverage rates vary, but Maine DHHS says as many as 31,000 Mainers will lose MaineCare coverage in the first year. Mainers who buy insurance plans on the marketplace will see premiums rise by $1,280 on average, and tens of thousands are expected to lose coverage in the face of those steep premium increases.
    • Rural Hospitals to Close: Medicaid cuts and other provisions that target support for rural health care will put the squeeze on hospitals in places like Maine, many of which are already facing a budget crisis. One study found that two hospitals in ME-02 — one in Ellsworth and another in Presque Isle — are among the more than 300 rural hospitals nationwide most at risk of closure because of the cuts.
    • A System Rigged for the Top: The bill extends the lopsided tax cuts from the 2017 Tax Cuts and Jobs Act, among other tax provisions.That includes nearly $1 trillion in tax cuts for the top 1 percent, while cuts for health care and food assistance mean the bottom 20 percent will see their after-tax income decrease.
    • Exploding National Debt: The bill will add up to $3.9 trillion to the debt through Fiscal Year 2034. In 10 years, the bill could see the national debt climb to 130 percent of GDP — a new record high. Payments on the debt are already the third-highest line item in the federal budget, behind only Medicare and Social Security.
    • A Precedent for Dishonest Accounting: The bill uses an accounting trick known as the “current policy baseline” to artificially reduce the legislation’s cost in Congress’ accounting of revenues and expenditures. This never-before used gimmick sets a dangerous precedent by which majority parties can enact costly agendas without a fair and honest accounting of the price. 

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Stauber Votes to Send One Big Beautiful Bill Act to President Trump’s Desk

    Source: United States House of Representatives – Congressman Pete Stauber (MN-08)

    WASHINGTON, D.C. – Today, Congressman Pete Stauber (MN-08) voted to pass the One Big Beautiful Bill Act that delivers President Trump and the American people’s full agenda. It will now go to President Trump’s desk to be signed into law. 

    Stauber made the following statement after the vote: 

    “In November, the American people elected President Trump and gave him the majorities in both the House and Senate with a clear mandate: to restore safety and unleash prosperity across our nation. Today, the House took a significant step in enacting the American people’s agenda, and I am proud to have helped deliver this historic legislation to the President’s desk. President Trump’s One Big, Beautiful Bill will put America’s families and workers first by delivering the largest tax cuts in our nation’s history, unleashing American energy dominance, permanently securing our borders, modernizing air traffic control, and strengthening our military. I look forward to seeing the One Big, Beautiful Bill deliver a new Golden Age for the American people.”

    Specifically, this legislation will do the following: 

    • Makes the successful 2017 Trump tax cuts permanent, delivering the largest tax cut for middle- and working-class Americans in history.
    • Doubles and makes permanent the Child Tax Credit, supporting over 40 million families.  
    • Implements no tax on tips, no tax on overtime, and cuts taxes for Social Security recipients.  
    • Doubles small business expensing, helping local businesses hire more workers and expand their operations.
    • Incentivizes Made-in-America manufacturing by rewarding companies that build new factories in the U.S. and lowering taxes for businesses producing domestically.
    • Supports family farms by raising the death tax exemption, protecting two million family farms from punitive double taxation.
    • Improves national security by delivering funding to complete the border wall, hire new frontline personnel (10,000 new ICE personnel, 5,000 new Customs officers, and 3,000 new Border Patrol agents), and carry out at least one million annual removals.
    • Unleashes American energy, driving down the cost of living and restoring energy independence.
    • Provides $12.5 billion to overhaul air traffic control.
    • Funds the Golden Dome missile defense system to protect the homeland and modernizes our military.
    • Protects taxpayer dollars by removing waste, fraud, and abuse from federal programs, so they can better serve the American people. Specifically, it will remove 1.4 million illegal aliens from Medicaid and SNAP benefits and establish work requirements for Medicaid and SNAP.

    MIL OSI USA News –

  • MIL-OSI: Diginex Limited Announces 57% Increase in Revenues and Transformed Balance Sheet for Fiscal Year ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    LONDON, July 11, 2025 (GLOBE NEWSWIRE) — Diginex Limited (“Diginex” or the “Company”) (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced its financial results for the fiscal year ended March 31, 2025.

    Fiscal Year ended March 31, 2025 Full-Year Highlights:

    • Revenues for the fiscal year ended March 31, 2025, increased 57% to $2.0 million driven primarily by an increase in software subscriptions and license fees.
    • Net loss for the fiscal year ended March 31, 2025, of $5.2 million, an increase of $0.3 million compared to the net loss of $4.9 million recorded in the prior year.
    • Transformed balance sheet with net assets of $4.6 million at March 31, 2025, compared to net liabilities of $23.0 million at March 31, 2024.
    • Completed Initial Public Offering (“IPO”) in January 2025.

    Post Year End Strategic Highlights

    • Signed a memorandum of understanding on June 5, 2025 to acquire Resulticks Group Companies Pte Limited (“Resulticks”), subject to definitive agreements, in a transaction valued at approximately US$2 billion, to be primarily settled in Diginex ordinary shares. This combination leverages Resulticks’ real-time audience engagement, agentic AI framework, and global reach to drive sustainability, compliance, customer relationships, and collective growth.
    • Executed a memorandum of understanding on May 23, 2025, to acquire Matter DK ApS (“Matter”), subject to definitive agreements, for approximately US$13 million in an all-share deal. Management believes the acquisition of Matter will strengthen the Company’s sustainability data coverage, ESG analytics offerings, as well as its automated data collection capabilities.

    Management Commentary

    “The year ended March 31, 2025 was a transformative period for the Company, marked by the successful completion of our IPO in January 2025, a 57% increase in revenues and strategic agreements signed during the fiscal year to boost future revenues and client acquisition with leading professional firms such as Russell Bedford International and Baker Tilly Singapore. During the year, we also enhanced our product offerings with the introduction of AI-powered compliance solutions, delivering features such as multi-variant drafting, automated risk reduction, future-proofing for evolving regulations, and improved scalability for users of our Sustainability SaaS reporting platform, diginexESG,” said Mark Blick, Chief Executive Officer of Diginex Limited. “We achieved overall revenue growth, driven in part, by a significant licensing agreement and ongoing demand for our core ESG reporting and supply chain risk management products. At the same time, we deliberately shifted resources to accelerate the development of diginexESG and diginexLUMEN, which positions us well for long-term growth and recurring revenues at the expense of revenues from one-off mandates via customization projects.”

    “We also maintained a disciplined approach to cost management. While general and administrative expenses increased year on year, this was primarily due to IPO related professional fees and the fair value adjustment related to the issuance of preferred shares under an anti-dilution clause following an $8 million capital raise in May 2024. We did, however, achieve cost reductions in employee benefits, IT development and maintenance costs, while continuing to deliver on our product road map, and other discretionary spending. These actions demonstrate our commitment to building a sustainable business model and cost structure that supports future profitability while continuing to fund strategic priorities.”

    “We’re also excited to have signed a memorandum of understanding on March 17, 2025, to pursue a dual listing of our ordinary shares on the Abu Dhabi Securities Exchange,” said Mr. Blick. “This planned listing is intended to increase exposure of Diginex to regional and international investors, strengthen our relationships in the Gulf Cooperation Council (“GCC”) region, and support Abu Dhabi’s strategic focus on sustainable finance. We believe this step aligns with our long-term commitment to expand our global presence.” The memorandum of understanding also contemplates a planned capital raise of up to USD$250 million focused on large institutional investors based in the GCC and a strategic alliance to support business growth in Abu Dhabi and the surrounding GCC region.”

    “Importantly, we are advancing our strategy to strengthen and diversify our technology and data capabilities through targeted acquisitions,” continued Mr. Blick. “Following the close of the fiscal year ended March 31, 2025, we signed two memoranda of understanding to acquire Resulticks and Matter, subject to definitive agreements. These transactions, if completed, would meaningfully expand our AI-driven data management and sustainability analytics capabilities globally, supporting our vision of delivering integrated, high-value solutions to clients worldwide. While both agreements remain subject to due diligence, negotiation and finalizing definitive terms, they demonstrate our commitment to disciplined, strategic growth through carefully selected acquisitions. We see powerful synergies with Resulticks in targeted sustainability marketing at scale, bringing in Matter’s sustainability data for company benchmarking and supply chain due diligence through diginexLUMEN, and the provision of AI enabled sustainability reporting capabilities with diginexESG.”

    “Looking ahead, we have reason for optimism as our Company is on the leading edge of fundamental changes in the data industry that will drive future growth. We remain committed to investing across the Diginex platforms, enhancing our global market presence both organically and through acquisitions, and managing our operations with discipline to deliver long-term value to our shareholders,” Mr. Blick stated.

    Revenues

      For the year ended
    March 31,
    in USD millions 2025 2024
         
    Subscription and license fees 1.3 0.4
    Advisory fees 0.3 0.2
    Customization fees 0.4 0.7
    Total  2.0  1.3
         

    For the fiscal year ended March 31, 2025, total revenue increased by $0.7 million to $2.0 million, compared to $1.3 million in the prior year. The increase was primarily attributable to a $0.9 million license fee from the granting of a non-exclusive right to distribute a white-label version of diginexESG. Excluding this transaction, revenue from software subscriptions and licenses remained stable at $0.4 million for the year. Subscription and license fees are generated from sales of diginexESG and diginexLUMEN.

    Revenue from advisory fees increased modestly to $0.3 million, reflecting an improvement of $0.1 million compared to the prior year. Advisory services includes projects such as developing ESG strategies, conducting ESG materiality assessments or conducting training sessions on a range of ESG topics.

    The increase in total revenue was partially offset by a decline in revenue from customization projects, which decreased by $0.3 million to $0.4 million for the fiscal year ended March 31, 2025. This reduction was an expected outcome of the Company’s strategic decision to allocate more resources to the development and expansion of diginexESG and diginexLUMEN, leading to a temporary reduction in the acceptance of customization projects.

    “We are focused on building long-term, sustainable growth across all of our service lines,” said Mr. Blick. “This year’s results highlight the strength of our core subscription business and our ability to unlock additional revenue opportunities through strategic agreements and licensing agreements.”

    General and Administrative Expenses

      For the year ended
    March 31,
    in USD millions 2025 2024
         
    Employee benefits  4.8  5.0
    IT development and maintenance support 1.5 2.1
    Audit fees 0.4 0.6
    Professional fees 2.1 0.5
    Travel and entertainment 0.4 0.5
    Share based payments 0.4 –
    Amortization and depreciation 0.1 0.1
    Other 0.6 0.5
      10.3 9.3
         

    For the fiscal year ended March 31, 2025, general and administrative expenses increased by $1.0 million to $10.3 million, compared to $9.3 million in the prior fiscal year. This increase was primarily driven by higher professional fees associated with the Company’s IPO and a share-based payment expense related to preferred shares issued under an anti-dilution clause triggered by a capital raise completed in May 2024. These higher costs were partially offset by reductions in employee benefits, IT development and maintenance support, while continuing to deliver on our product roadmap, and audit fees.

    Employee benefits decreased by $0.2 million which was the result of reduced costs associated with the fair value of employee share options granted to employees of $0.5 million and a partially offsetting increase in salaries of $0.3 million. Headcount at March 31, 2025 was 32 and included 23 employees and 9 contractors compared to a headcount of 29 at March 31, 2024, which included 22 employees and 7 contractors.

    Balance Sheet Highlights

    At March 31, 2025, net assets of $4.6 million represented a transformation and significant improvement from net liabilities of $23.0 million at March 31, 2024. The improvement was driven by the capitalization of shareholder loans and advances, convertible loan notes and redeemable preferred shares. The capitalization events were triggered by the IPO.  

    The Company’s cash position of $3.1 million at March 31, 2025, is also higher than the $0.1 million of cash reported at March 31, 2024.

    The balance sheet at March 31, 2025, held no interest-bearing debt instruments.

    “The strengthening of our balance sheet following our IPO marks an important milestone for the company,” concluded Mr. Blick. “This enhanced financial position gives us the flexibility to invest in growth, pursue strategic initiatives, and deliver sustainable value to our shareholders. We remain committed to disciplined capital management as we expand our operations, strengthen key partnerships, and execute on our long-term vision to drive innovation and create a lasting impact in our industry.”

    About Diginex
    Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. 

    The award-winning diginexESG platform supports 19 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and ISSB (IFRS Sustainability Disclosure Standards). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.

    For more information, please visit the Company’s website: https://www.diginex.com/.

    Forward-Looking Statements

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

    Diginex
    Investor Relations
    Email: ir@diginex.com

    IR Contact – Europe
    Anna Höffken
    Phone: +49.40.609186.0
    Email: diginex@kirchhoff.de

    IR Contact – US
    Jackson Lin
    Lambert by LLYC
    Phone: +1 (646) 717-4593
    Email: jian.lin@llyc.global

    IR Contact – Asia
    Shelly Cheng
    Strategic Financial Relations Ltd.
    Phone: +852 2864 4857
    Email: sprg_diginex@sprg.com.hk

         
    DIGINEX LIMITED
    CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE LOSS
    For the years ended 31 March 2024 and 2025
         
      Year ended Year ended
      31 March 2025 31 March 2024
      USD USD
    Revenue 2,040,602 1,299,538
    General and administrative expenses (10,344,514) (9,363,345)
    OPERATING LOSS (8,303,912) (8,063,807)
    Other income, gains or (losses) 3,501,200 3,753,988
    Finance cost, net (410,167) (552,651)
    LOSS BEFORE TAX (5,212,879) (4,862,470)
    Income tax expense – (8,917)
    LOSS FOR THE YEAR (5,212,879) (4,871,387)
    OTHER COMPREHENSIVE INCOME (LOSS)    
    Items that may be reclassified subsequently to profit or loss:    
    Exchange gain (loss) on translation of foreign operations 30 (7,684)
    TOTAL COMPREHENSIVE LOSS FOR THE YEAR (5,212,849) (4,879,071)
         
    LOSS PER SHARE ATTRIBUTABLE TO
    THE ORDINARY EQUITY HOLDERS OF THE COMPANY    		    
    Basic loss per share (0.33) (0.51)
         
    Diluted loss per share (0.53) (0.75)
         
    DIGINEX LIMITED
    CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
    At 31 March 2024 and 2025
         
      At
    31 March 2025    		 At
    31 March 2024
      USD USD
    ASSETS    
    Right-of-use assets 225,672 357,202
    Rental deposit 45,463 35,431
    Plant and equipment – –
    Total non-current assets 271,135 392,633
    Trade receivables, net 1,394,545 182,334
    Contract assets 750 69,354
    Other receivables, deposit and prepayment 1,066,191 253,476
    Restricted bank balance 399,400 –
    Cash and cash equivalents 3,111,141 76,620
    Total current assets 5,972,027 581,784
    LIABILITIES    
    Trade payables (200,660) (788,798)
    Other payables and accruals (706,874) (596,870)
    Tax payables – (8,917)
    Deferred revenues (505,424) (322,826)
    Due to a related company (34,579) (34,579)
    Due to immediate holding company – (5,345,929)
    Loans from immediate holding company – (1,930,993)
    Loan from a related company – (1,140,931)
    Lease liabilities, current (126,808) (122,076)
    Convertible loan notes, current – (3,975,534)
    Total current liabilities (1,574,345) (14,267,453)
    Lease liabilities, net of current portion (110,867) (243,280)
    Preferred shares – (9,359,000)
    Convertible loan notes, net of current portion – (114,808)
    Total non-current liabilities (110,867) (9,717,088)
    Net current assets (liabilities) 4,397,682 (13,685,669)
    Net assets (liabilities) 4,557,950 (23,010,124)
    EQUITY (DEFICIT)    
    Share Capital 1,150 477
    Share Premium 25,689,436 –
    Capital reserve 5,126,150 3,752,192
    Warrant reserve 79,263,200 –
    Exchange reserve (1,651) (1,681)
    Share option reserve 1,076,345 2,409,689
    Accumulated losses (106,596,680) (29,170,801)
    Total equity (deficit) 4,557,950 (23,010,124)
         
    DIGINEX LIMITED
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    For the years ended 31 March 2024 and 2025
         
      Year ended Year ended
      31 March 2025 31 March 2024
      USD USD
    CASH FLOWS FROM OPERATING ACTIVITIES    
    Loss before taxation (5,212,879) (4,862,470)
    Adjustments for:    
    Amortization – right-of-use assets 125,575 99,580
    Depreciation – property, plant and equipment – 3,696
    Impairment losses (reversed) recognized in respect of trade receivables (2,844) (400)
    Bad debt written off 12,064 21,522
    Write-off of due from related company – 81,347
    Finance costs 410,167 552,651
    Share option awards 859,685 1,352,835
    Share-based payments expenses on anti-dilution issuance of preferred shares 369,648 –
    IPO expenses charged to P&L 1,659,081 –
    Net fair value loss of convertible loan notes 639,000 374,000
    Net fair value loss of preferred shares (4,117,648) (4,101,000)
    Operating cash flows before movements in working capital (5,258,151) (6,478,239)
    Movements in working capital    
    Trade receivables (1,221,431) 86,332
    Other receivables, deposit and prepayment (955,348) (210,936)
    Contract assets 68,604 (42,365)
    Due from a related company – (39,815
    Trade and other payables (478,610) 841,155
    Deferred revenue 182,598 (12,840)
    Amount due to immediate holding company – –
    Cash generated from operations (7,662,338) (5,856,708)
    Income tax paid (8,917) –
    Net cash used in operating activities (7,671,255) (5,856,708)
    CASH FLOWS FROM INVESTING ACTIVITIES    
    Payment to rental deposit (10,032) –
    Cash used in investing activities (10,032) –
    CASH FLOWS FROM FINANCING ACTIVITIES    
    Issue of shares under global offerings 10,608,750 –
    Payment of transaction costs of issue of new shares (2,948,791) –
    Loans from immediate holding company 3,410,461 564,483
    Advances from immediate holding company 713,719 5,345,423
    Proceeds from shares issued 50 –
    Proceeds from issuance of convertible loan notes – 100,000
    Loan from a related company – –
    Repayment of due to immediate holding company – –
    Repayment of lease liabilities (138,962) (109,754)
    Placement of restricted bank balance (399,400) –
    Repayment of loan from immediate holding company (530,019) (1,150,000)
    Net cash generated from financing activities 10,715,808 4,750,152
    NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3,034,521 (1,106,556)
    Cash and cash equivalents at the beginning of the year 76,620 1,183,176
    CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 3,111,141 76,620
         

    The MIL Network –

  • MIL-OSI: Diginex Limited Announces 57% Increase in Revenues and Transformed Balance Sheet for Fiscal Year ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    LONDON, July 11, 2025 (GLOBE NEWSWIRE) — Diginex Limited (“Diginex” or the “Company”) (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced its financial results for the fiscal year ended March 31, 2025.

    Fiscal Year ended March 31, 2025 Full-Year Highlights:

    • Revenues for the fiscal year ended March 31, 2025, increased 57% to $2.0 million driven primarily by an increase in software subscriptions and license fees.
    • Net loss for the fiscal year ended March 31, 2025, of $5.2 million, an increase of $0.3 million compared to the net loss of $4.9 million recorded in the prior year.
    • Transformed balance sheet with net assets of $4.6 million at March 31, 2025, compared to net liabilities of $23.0 million at March 31, 2024.
    • Completed Initial Public Offering (“IPO”) in January 2025.

    Post Year End Strategic Highlights

    • Signed a memorandum of understanding on June 5, 2025 to acquire Resulticks Group Companies Pte Limited (“Resulticks”), subject to definitive agreements, in a transaction valued at approximately US$2 billion, to be primarily settled in Diginex ordinary shares. This combination leverages Resulticks’ real-time audience engagement, agentic AI framework, and global reach to drive sustainability, compliance, customer relationships, and collective growth.
    • Executed a memorandum of understanding on May 23, 2025, to acquire Matter DK ApS (“Matter”), subject to definitive agreements, for approximately US$13 million in an all-share deal. Management believes the acquisition of Matter will strengthen the Company’s sustainability data coverage, ESG analytics offerings, as well as its automated data collection capabilities.

    Management Commentary

    “The year ended March 31, 2025 was a transformative period for the Company, marked by the successful completion of our IPO in January 2025, a 57% increase in revenues and strategic agreements signed during the fiscal year to boost future revenues and client acquisition with leading professional firms such as Russell Bedford International and Baker Tilly Singapore. During the year, we also enhanced our product offerings with the introduction of AI-powered compliance solutions, delivering features such as multi-variant drafting, automated risk reduction, future-proofing for evolving regulations, and improved scalability for users of our Sustainability SaaS reporting platform, diginexESG,” said Mark Blick, Chief Executive Officer of Diginex Limited. “We achieved overall revenue growth, driven in part, by a significant licensing agreement and ongoing demand for our core ESG reporting and supply chain risk management products. At the same time, we deliberately shifted resources to accelerate the development of diginexESG and diginexLUMEN, which positions us well for long-term growth and recurring revenues at the expense of revenues from one-off mandates via customization projects.”

    “We also maintained a disciplined approach to cost management. While general and administrative expenses increased year on year, this was primarily due to IPO related professional fees and the fair value adjustment related to the issuance of preferred shares under an anti-dilution clause following an $8 million capital raise in May 2024. We did, however, achieve cost reductions in employee benefits, IT development and maintenance costs, while continuing to deliver on our product road map, and other discretionary spending. These actions demonstrate our commitment to building a sustainable business model and cost structure that supports future profitability while continuing to fund strategic priorities.”

    “We’re also excited to have signed a memorandum of understanding on March 17, 2025, to pursue a dual listing of our ordinary shares on the Abu Dhabi Securities Exchange,” said Mr. Blick. “This planned listing is intended to increase exposure of Diginex to regional and international investors, strengthen our relationships in the Gulf Cooperation Council (“GCC”) region, and support Abu Dhabi’s strategic focus on sustainable finance. We believe this step aligns with our long-term commitment to expand our global presence.” The memorandum of understanding also contemplates a planned capital raise of up to USD$250 million focused on large institutional investors based in the GCC and a strategic alliance to support business growth in Abu Dhabi and the surrounding GCC region.”

    “Importantly, we are advancing our strategy to strengthen and diversify our technology and data capabilities through targeted acquisitions,” continued Mr. Blick. “Following the close of the fiscal year ended March 31, 2025, we signed two memoranda of understanding to acquire Resulticks and Matter, subject to definitive agreements. These transactions, if completed, would meaningfully expand our AI-driven data management and sustainability analytics capabilities globally, supporting our vision of delivering integrated, high-value solutions to clients worldwide. While both agreements remain subject to due diligence, negotiation and finalizing definitive terms, they demonstrate our commitment to disciplined, strategic growth through carefully selected acquisitions. We see powerful synergies with Resulticks in targeted sustainability marketing at scale, bringing in Matter’s sustainability data for company benchmarking and supply chain due diligence through diginexLUMEN, and the provision of AI enabled sustainability reporting capabilities with diginexESG.”

    “Looking ahead, we have reason for optimism as our Company is on the leading edge of fundamental changes in the data industry that will drive future growth. We remain committed to investing across the Diginex platforms, enhancing our global market presence both organically and through acquisitions, and managing our operations with discipline to deliver long-term value to our shareholders,” Mr. Blick stated.

    Revenues

      For the year ended
    March 31,
    in USD millions 2025 2024
         
    Subscription and license fees 1.3 0.4
    Advisory fees 0.3 0.2
    Customization fees 0.4 0.7
    Total  2.0  1.3
         

    For the fiscal year ended March 31, 2025, total revenue increased by $0.7 million to $2.0 million, compared to $1.3 million in the prior year. The increase was primarily attributable to a $0.9 million license fee from the granting of a non-exclusive right to distribute a white-label version of diginexESG. Excluding this transaction, revenue from software subscriptions and licenses remained stable at $0.4 million for the year. Subscription and license fees are generated from sales of diginexESG and diginexLUMEN.

    Revenue from advisory fees increased modestly to $0.3 million, reflecting an improvement of $0.1 million compared to the prior year. Advisory services includes projects such as developing ESG strategies, conducting ESG materiality assessments or conducting training sessions on a range of ESG topics.

    The increase in total revenue was partially offset by a decline in revenue from customization projects, which decreased by $0.3 million to $0.4 million for the fiscal year ended March 31, 2025. This reduction was an expected outcome of the Company’s strategic decision to allocate more resources to the development and expansion of diginexESG and diginexLUMEN, leading to a temporary reduction in the acceptance of customization projects.

    “We are focused on building long-term, sustainable growth across all of our service lines,” said Mr. Blick. “This year’s results highlight the strength of our core subscription business and our ability to unlock additional revenue opportunities through strategic agreements and licensing agreements.”

    General and Administrative Expenses

      For the year ended
    March 31,
    in USD millions 2025 2024
         
    Employee benefits  4.8  5.0
    IT development and maintenance support 1.5 2.1
    Audit fees 0.4 0.6
    Professional fees 2.1 0.5
    Travel and entertainment 0.4 0.5
    Share based payments 0.4 –
    Amortization and depreciation 0.1 0.1
    Other 0.6 0.5
      10.3 9.3
         

    For the fiscal year ended March 31, 2025, general and administrative expenses increased by $1.0 million to $10.3 million, compared to $9.3 million in the prior fiscal year. This increase was primarily driven by higher professional fees associated with the Company’s IPO and a share-based payment expense related to preferred shares issued under an anti-dilution clause triggered by a capital raise completed in May 2024. These higher costs were partially offset by reductions in employee benefits, IT development and maintenance support, while continuing to deliver on our product roadmap, and audit fees.

    Employee benefits decreased by $0.2 million which was the result of reduced costs associated with the fair value of employee share options granted to employees of $0.5 million and a partially offsetting increase in salaries of $0.3 million. Headcount at March 31, 2025 was 32 and included 23 employees and 9 contractors compared to a headcount of 29 at March 31, 2024, which included 22 employees and 7 contractors.

    Balance Sheet Highlights

    At March 31, 2025, net assets of $4.6 million represented a transformation and significant improvement from net liabilities of $23.0 million at March 31, 2024. The improvement was driven by the capitalization of shareholder loans and advances, convertible loan notes and redeemable preferred shares. The capitalization events were triggered by the IPO.  

    The Company’s cash position of $3.1 million at March 31, 2025, is also higher than the $0.1 million of cash reported at March 31, 2024.

    The balance sheet at March 31, 2025, held no interest-bearing debt instruments.

    “The strengthening of our balance sheet following our IPO marks an important milestone for the company,” concluded Mr. Blick. “This enhanced financial position gives us the flexibility to invest in growth, pursue strategic initiatives, and deliver sustainable value to our shareholders. We remain committed to disciplined capital management as we expand our operations, strengthen key partnerships, and execute on our long-term vision to drive innovation and create a lasting impact in our industry.”

    About Diginex
    Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. 

    The award-winning diginexESG platform supports 19 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and ISSB (IFRS Sustainability Disclosure Standards). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.

    For more information, please visit the Company’s website: https://www.diginex.com/.

    Forward-Looking Statements

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

    Diginex
    Investor Relations
    Email: ir@diginex.com

    IR Contact – Europe
    Anna Höffken
    Phone: +49.40.609186.0
    Email: diginex@kirchhoff.de

    IR Contact – US
    Jackson Lin
    Lambert by LLYC
    Phone: +1 (646) 717-4593
    Email: jian.lin@llyc.global

    IR Contact – Asia
    Shelly Cheng
    Strategic Financial Relations Ltd.
    Phone: +852 2864 4857
    Email: sprg_diginex@sprg.com.hk

         
    DIGINEX LIMITED
    CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE LOSS
    For the years ended 31 March 2024 and 2025
         
      Year ended Year ended
      31 March 2025 31 March 2024
      USD USD
    Revenue 2,040,602 1,299,538
    General and administrative expenses (10,344,514) (9,363,345)
    OPERATING LOSS (8,303,912) (8,063,807)
    Other income, gains or (losses) 3,501,200 3,753,988
    Finance cost, net (410,167) (552,651)
    LOSS BEFORE TAX (5,212,879) (4,862,470)
    Income tax expense – (8,917)
    LOSS FOR THE YEAR (5,212,879) (4,871,387)
    OTHER COMPREHENSIVE INCOME (LOSS)    
    Items that may be reclassified subsequently to profit or loss:    
    Exchange gain (loss) on translation of foreign operations 30 (7,684)
    TOTAL COMPREHENSIVE LOSS FOR THE YEAR (5,212,849) (4,879,071)
         
    LOSS PER SHARE ATTRIBUTABLE TO
    THE ORDINARY EQUITY HOLDERS OF THE COMPANY    		    
    Basic loss per share (0.33) (0.51)
         
    Diluted loss per share (0.53) (0.75)
         
    DIGINEX LIMITED
    CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
    At 31 March 2024 and 2025
         
      At
    31 March 2025    		 At
    31 March 2024
      USD USD
    ASSETS    
    Right-of-use assets 225,672 357,202
    Rental deposit 45,463 35,431
    Plant and equipment – –
    Total non-current assets 271,135 392,633
    Trade receivables, net 1,394,545 182,334
    Contract assets 750 69,354
    Other receivables, deposit and prepayment 1,066,191 253,476
    Restricted bank balance 399,400 –
    Cash and cash equivalents 3,111,141 76,620
    Total current assets 5,972,027 581,784
    LIABILITIES    
    Trade payables (200,660) (788,798)
    Other payables and accruals (706,874) (596,870)
    Tax payables – (8,917)
    Deferred revenues (505,424) (322,826)
    Due to a related company (34,579) (34,579)
    Due to immediate holding company – (5,345,929)
    Loans from immediate holding company – (1,930,993)
    Loan from a related company – (1,140,931)
    Lease liabilities, current (126,808) (122,076)
    Convertible loan notes, current – (3,975,534)
    Total current liabilities (1,574,345) (14,267,453)
    Lease liabilities, net of current portion (110,867) (243,280)
    Preferred shares – (9,359,000)
    Convertible loan notes, net of current portion – (114,808)
    Total non-current liabilities (110,867) (9,717,088)
    Net current assets (liabilities) 4,397,682 (13,685,669)
    Net assets (liabilities) 4,557,950 (23,010,124)
    EQUITY (DEFICIT)    
    Share Capital 1,150 477
    Share Premium 25,689,436 –
    Capital reserve 5,126,150 3,752,192
    Warrant reserve 79,263,200 –
    Exchange reserve (1,651) (1,681)
    Share option reserve 1,076,345 2,409,689
    Accumulated losses (106,596,680) (29,170,801)
    Total equity (deficit) 4,557,950 (23,010,124)
         
    DIGINEX LIMITED
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    For the years ended 31 March 2024 and 2025
         
      Year ended Year ended
      31 March 2025 31 March 2024
      USD USD
    CASH FLOWS FROM OPERATING ACTIVITIES    
    Loss before taxation (5,212,879) (4,862,470)
    Adjustments for:    
    Amortization – right-of-use assets 125,575 99,580
    Depreciation – property, plant and equipment – 3,696
    Impairment losses (reversed) recognized in respect of trade receivables (2,844) (400)
    Bad debt written off 12,064 21,522
    Write-off of due from related company – 81,347
    Finance costs 410,167 552,651
    Share option awards 859,685 1,352,835
    Share-based payments expenses on anti-dilution issuance of preferred shares 369,648 –
    IPO expenses charged to P&L 1,659,081 –
    Net fair value loss of convertible loan notes 639,000 374,000
    Net fair value loss of preferred shares (4,117,648) (4,101,000)
    Operating cash flows before movements in working capital (5,258,151) (6,478,239)
    Movements in working capital    
    Trade receivables (1,221,431) 86,332
    Other receivables, deposit and prepayment (955,348) (210,936)
    Contract assets 68,604 (42,365)
    Due from a related company – (39,815
    Trade and other payables (478,610) 841,155
    Deferred revenue 182,598 (12,840)
    Amount due to immediate holding company – –
    Cash generated from operations (7,662,338) (5,856,708)
    Income tax paid (8,917) –
    Net cash used in operating activities (7,671,255) (5,856,708)
    CASH FLOWS FROM INVESTING ACTIVITIES    
    Payment to rental deposit (10,032) –
    Cash used in investing activities (10,032) –
    CASH FLOWS FROM FINANCING ACTIVITIES    
    Issue of shares under global offerings 10,608,750 –
    Payment of transaction costs of issue of new shares (2,948,791) –
    Loans from immediate holding company 3,410,461 564,483
    Advances from immediate holding company 713,719 5,345,423
    Proceeds from shares issued 50 –
    Proceeds from issuance of convertible loan notes – 100,000
    Loan from a related company – –
    Repayment of due to immediate holding company – –
    Repayment of lease liabilities (138,962) (109,754)
    Placement of restricted bank balance (399,400) –
    Repayment of loan from immediate holding company (530,019) (1,150,000)
    Net cash generated from financing activities 10,715,808 4,750,152
    NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3,034,521 (1,106,556)
    Cash and cash equivalents at the beginning of the year 76,620 1,183,176
    CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 3,111,141 76,620
         

    The MIL Network –

  • MIL-OSI: Binance users turn to RICH Miner: a new strategy to easily earn cryptocurrencies

    Source: GlobeNewswire (MIL-OSI)

    The volatility of the crypto market has spawned a revolution in returns, and cloud mining is becoming a new destination for the overflow of exchange users’ assets.

    Seattle, Washington, July 11, 2025 (GLOBE NEWSWIRE) — the price of Bitcoin is in the range of $117,700, and institutional investors’ expectations of breaking through $180,000 by the end of the year continue to rise.

    In this seemingly prosperous but risky market, a silent migration trend is spreading among Binance users – more and more investors are turning their exchange assets to cloud mining platforms such as RICH Miner to seek stable daily returns.

    RICH Miner creates a revenue upgrade channel for Binance users:

    RICH Miner is headquartered in London, UK. It is an intelligent cryptocurrency mining platform for global users. Relying on 120 large mining farms around the world and 100% renewable energy (wind and solar) power supply, combined with AI computing power scheduling system, it is committed to providing investors with low-threshold, high-return digital asset value-added solutions.

    RICH Miner provides a variety of mining solutions, real-time revenue settlement and multi-wallet support, truly achieving “easy mining, stable money making”, and is an ideal choice for users pursuing passive income and asset growth.

    Why are more and more Binance users choosing RICH Miner?

    1. No need to transfer coins to the exchange, just top up the cryptocurrency from the Binance wallet to participate;

    2. Daily settlement mechanism, flexible funds, clear and transparent returns;

    3. Diversified contracts, from short-term experience to high-yield long-term plans, everything is available;

    1. The fully automated mining process is suitable for all users and does not require complicated operations.

    Actual example: From Binance recharge to daily income, only four steps are needed

    1. Register a RICH Miner account (activate $15 new user reward);

    2. Withdraw BTC/USDT from Binance to the platform recharge address (supports seamless conversion of multiple currencies);

    3. Select the contract: the user logs in to RICH Miner and selects the appropriate cloud mining contract level;

    Contract Type Contract Price Contract duration Daily income Total revenue
    Daily Sign-in Rewards $15  1 $0.6  $15+$0.6
    New User Experience Contract $100  2 $3  $100.00 + $6
    Canaan Avalon A15XP $600  8 $7.20  $500.00 + $57.60
    Bitdeer SealMiner A2 $1,300  13 $17.30  $1300.00 + $221.39
    Bitmain Antminer L7 $3,000  17 $42.30  $3000.00 + $719.10
    Bitmain Antminer S21 Immersion $5,000  24 $75.00  $5000.00 + $1800.00
    Bitmain Antminer L9 $12,000  32 $204.00  $12000.00 + $6528.00

    Click here to view the completed contract

    1. Start earning coins: After the contract is launched, you can get stable income every day, which will be automatically deposited into the account balance. Once the minimum threshold is reached, you can withdraw it to Binance or other wallets at any time.

    A new generation of asset appreciation: from “trading” to “creation”

    Binance solves the problems of “buying coins” and “trading”, while RICH Miner solves the problem of “how to make money with coins”. More and more experienced investors realize that instead of waiting for the market to rise, it is better to let the assets in their hands create stable returns for themselves every day. Through RICH Miner, Binance users do not need to leave the original ecosystem, they only need to “migrate strategies” to upgrade their wealth appreciation model.

    Conclusion: RICH Miner, a new choice for Binance users

    From trading platforms to cloud mining services, investors are gradually entering a new era of “light operation and high returns”. RICH Miner has become a new strategic platform for asset allocation for many Binance users with its advantages of intelligence, transparency and high returns.

    If you also want to say goodbye to inefficient financial management returns, you might as well join RICH Miner like many pioneers and let crypto assets create real passive income for you every day.

    Customer Service Email: info@richminer.com

    Official Website Link: https://richminer.com

    Attachment

    The MIL Network –

  • MIL-OSI: Binance users turn to RICH Miner: a new strategy to easily earn cryptocurrencies

    Source: GlobeNewswire (MIL-OSI)

    The volatility of the crypto market has spawned a revolution in returns, and cloud mining is becoming a new destination for the overflow of exchange users’ assets.

    Seattle, Washington, July 11, 2025 (GLOBE NEWSWIRE) — the price of Bitcoin is in the range of $117,700, and institutional investors’ expectations of breaking through $180,000 by the end of the year continue to rise.

    In this seemingly prosperous but risky market, a silent migration trend is spreading among Binance users – more and more investors are turning their exchange assets to cloud mining platforms such as RICH Miner to seek stable daily returns.

    RICH Miner creates a revenue upgrade channel for Binance users:

    RICH Miner is headquartered in London, UK. It is an intelligent cryptocurrency mining platform for global users. Relying on 120 large mining farms around the world and 100% renewable energy (wind and solar) power supply, combined with AI computing power scheduling system, it is committed to providing investors with low-threshold, high-return digital asset value-added solutions.

    RICH Miner provides a variety of mining solutions, real-time revenue settlement and multi-wallet support, truly achieving “easy mining, stable money making”, and is an ideal choice for users pursuing passive income and asset growth.

    Why are more and more Binance users choosing RICH Miner?

    1. No need to transfer coins to the exchange, just top up the cryptocurrency from the Binance wallet to participate;

    2. Daily settlement mechanism, flexible funds, clear and transparent returns;

    3. Diversified contracts, from short-term experience to high-yield long-term plans, everything is available;

    1. The fully automated mining process is suitable for all users and does not require complicated operations.

    Actual example: From Binance recharge to daily income, only four steps are needed

    1. Register a RICH Miner account (activate $15 new user reward);

    2. Withdraw BTC/USDT from Binance to the platform recharge address (supports seamless conversion of multiple currencies);

    3. Select the contract: the user logs in to RICH Miner and selects the appropriate cloud mining contract level;

    Contract Type Contract Price Contract duration Daily income Total revenue
    Daily Sign-in Rewards $15  1 $0.6  $15+$0.6
    New User Experience Contract $100  2 $3  $100.00 + $6
    Canaan Avalon A15XP $600  8 $7.20  $500.00 + $57.60
    Bitdeer SealMiner A2 $1,300  13 $17.30  $1300.00 + $221.39
    Bitmain Antminer L7 $3,000  17 $42.30  $3000.00 + $719.10
    Bitmain Antminer S21 Immersion $5,000  24 $75.00  $5000.00 + $1800.00
    Bitmain Antminer L9 $12,000  32 $204.00  $12000.00 + $6528.00

    Click here to view the completed contract

    1. Start earning coins: After the contract is launched, you can get stable income every day, which will be automatically deposited into the account balance. Once the minimum threshold is reached, you can withdraw it to Binance or other wallets at any time.

    A new generation of asset appreciation: from “trading” to “creation”

    Binance solves the problems of “buying coins” and “trading”, while RICH Miner solves the problem of “how to make money with coins”. More and more experienced investors realize that instead of waiting for the market to rise, it is better to let the assets in their hands create stable returns for themselves every day. Through RICH Miner, Binance users do not need to leave the original ecosystem, they only need to “migrate strategies” to upgrade their wealth appreciation model.

    Conclusion: RICH Miner, a new choice for Binance users

    From trading platforms to cloud mining services, investors are gradually entering a new era of “light operation and high returns”. RICH Miner has become a new strategic platform for asset allocation for many Binance users with its advantages of intelligence, transparency and high returns.

    If you also want to say goodbye to inefficient financial management returns, you might as well join RICH Miner like many pioneers and let crypto assets create real passive income for you every day.

    Customer Service Email: info@richminer.com

    Official Website Link: https://richminer.com

    Attachment

    The MIL Network –

  • MIL-OSI USA: As Member of Armed Services Committee, Peters Helps Advance Strong National Defense Bill to Bolster Michigan’s Defense Capabilities

    US Senate News:

    Source: United States Senator for Michigan Gary Peters
    WASHINGTON, DC – As a member of the Armed Services Committee, U.S. Senator Gary Peters (MI) helped advance the annual National Defense Authorization Act out of committee. Peters successfully authored and secured provisions in the bipartisan bill to strengthen U.S. national security, invest in Michigan’s military facilities and robust defense sector, support our nation’s long-term strategic efforts to combat aggression by adversaries like China and Russia, fund initiatives to clean up PFAS contamination, and give our servicemembers a pay raise. The bill now advances to the full Senate for consideration.
    “Across Michigan, our servicemembers, defense manufacturers, and top-notch military installations play an essential role in keeping our nation safe and secure,” said Senator Peters. “I was proud to secure investments in this bill to bolster those defense assets and capabilities, while supporting statewide economic growth. This bill also helps us meet the rising threats posed by our adversaries like China and Russia to protect both folks at home and our troops serving around the world.”
    The National Defense Authorization Act sets annual policy for the Department of Defense (DOD) and has been signed into law for more than 60 consecutive years. 
    Peters led or supported the following provisions, including authorizing more than $18 million in funding for Michigan’s military facilities: 
    Investing in Michigan’s Military Facilities
    $9 million for Runway Improvement at Selfridge Air National Guard Base: This funding would allow for runway improvements at Selfridge Air National Guard Base in Macomb County to prepare for basing of future missions, including the KC-46 Tankers and F-15EX fighter jets that were announced for Selfridge following years of persistent work and advocacy by Peters. 
    $5.2 million to Construct Two New Taxiways at Selfridge: This funding would support the construction of two new taxiways at Selfridge to prepare for basing of future missions including Selfridge’s two missions. This includes $2.8 million for the construction of Taxiway Alpha and $2.4 million for the construction of Taxiway Bravo.
    $4.4 million for Camp Grayling All-Domain Warfighting Training Complex: This funding would kickstart the Camp Grayling All-Domain Warfighting Training Complex (ADWTC) critical for military training exercises like Northern Strike. The ADWTC provides a state-of-the-art facility where servicemembers can plan, lead, and execute realistic training. The ADWTC is critical for growing military training exercises like Northern Strike and ensuring this critical exercise remains the premier training exercise in the country.
    Permanent Funding for Northern Strike: Peters secured report language urging permanent funding for the annual Northern Strike Exercise, which is the largest all-domain reserve forces exercise. Northern Strike provides a realistic training environment and robust training experiences for units and leaders to strengthen joint all-domain warfighting – and helps keep Michigan central to our national defense operations.
    Bolstering Collaborative Combat Aircraft Production: Senator Peters secured language in the bill that directs the Air Force to move forward with initial full-scale production of Collaborative Combat Aircraft (CCA). Peters has pushed forand secured language to support the development and integration of CCAs, including during a hearing last year with the former Secretary of Defense and a recent hearing with the current U.S. Air Force Secretary. As a member of the Senate Appropriations Committee, Peters has also secured language to help position Selfridge Air National Guard Base as a potential location for CCA fielding. He led a provision included in recent government funding legislation requiring a report regarding basing criteria of CCAs. This report will include an evaluation of whether existing Air National Guard bases with legacy fighter missions, such as Selfridge, may be appropriate locations for the basing of CCAs.
    Connected Vehicle Cybersecurity Center at Selfridge: Peters led a provision in the bill underscoring the growing threat of cyberattacks on both manned and unmanned military vehicles and platforms, as well as critical infrastructure that interacts with advanced vehicles. The provision recognizes the work of the Army Ground Vehicle Systems Center (GVSC) in Warren, Michigan to identify cyber vulnerabilities to secure joint ground vehicle platforms and prevent cyberattacks on critical infrastructure. The bill encourages vehicle cybersecurity at places like GVSC who is working to establish its Connected Vehicle Cybersecurity Center, which will also be located in Michigan at Selfridge Air National Guard Base. In addition to supporting our Armed Forces and servicemembers, the Connected Vehicle Cybersecurity Center will support Michigan’s auto industry and help establish Southeast Michigan as a hub for all auto-cyber activity in the country. Peters has continuously used his role on the Armed Services Committee to support the GVSC, and recently warned DOD officials about the consequences of potential cuts at the GVSC.
    Emergency Response Authority Act: Peters successfully secured an amendment to give states more flexibility in deploying Army Guard and Reserve (AGR) personnel with specialized skills for emergency response. This proposal would allow AGR forces to respond to state declared emergencies, such as floods, hurricanes and other natural disasters, for a total of 14 days per person. This provision empowers states to respond to major disasters more quickly and effectively.
    Supporting Our Servicemembers and Their Families
    Pay Raise for Servicemembers: This bill includes pay raises of 3.8 percent for military servicemembers. 
    Addressing PFAS Contamination
    Improving Transparency of PFAS Cleanup & Remediation Efforts: Peters successfully included a provision that requires DOD to submit annual reports detailing site-specific funding, progress, and barriers for all interim PFAS remediation and cleanup efforts. This includes timelines, performance metrics, and the status of the actions. Peters’ provision also requires DOD to create a public online dashboard within one year to display updated PFAS cleanup data, funding, timelines, and community points of contact. Peters has worked with communities across Michigan for years on PFAS remediation efforts. Peters convened the first-ever hearing on PFAS contamination in the Senate, and convened a field summit in Grand Rapids in November 2018 to shine a light on how local, state and federal governments are coordinating responses to address PFAS contamination. He has also passed numerous bills into law to help address PFAS contamination and protect Michiganders. Michigan is home to a number of military installations where PFAS contamination has been detected, including Camp Grayling and the former Wurtsmith Air Force Base in Oscoda.
    Ensuring Access to Clean Drinking Water for Communities Affected by PFAS Contamination: The bill contains a Peters led initiative to direct DOD to provide bottled water to communities with private drinking water wells with high levels of PFAS contamination as a result of DOD activities. 
    Supporting Michigan’s Defense Sector
    Bolstering Infantry Squad Vehicle Production: The bill also authorized $34.4 million to maintain continued production and fielding of General Motors (GM) Defense’s Infantry Squad Vehicle (ISV). GM Defense conducts its testing, research, and development of projects at the Milford Proving Ground in Oakland County, where two of its key programs of record were conceived, and employs over 50,000 people in Michigan.
    Supporting Munition Production in Grayling: The bill includes $31.9 million to support production of the Army’s Individual Assault Munitions (IAM), which will soon be made at a new production facility being constructed in Grayling, Michigan. This new facility is expected to employ 70 people in 2025 and expand to an estimated 100 employees by 2027. 
    Boosting Made in Michigan Ground Vehicle Production: The bill authorizes robust funding for the Army to produce new, modernized Strykers as well as Abrams tanks. This funding would help ensure that Made in Michigan testing and development of ground vehicles like the Strykers are operating with cutting edge technology designed to keep our servicemembers safe.
    Bolstering Military Aircraft Engine Industrial Base: Peters secured a provision that requires the Secretary of Defense to provide a roadmap for bolstering our military aircraft engine industrial base to support existing and planned platforms. 
    Expanding Fuel Cell Use: This provision Peters secured authorizes $5 million for research and development of multi-modular fuel cells, primarily to be used in electric vehicle charging stations and mobile generators. This research will help increase the reliability of power for military installations and improve DOD’s energy management and efficiency plans. 
    Strengthening Cybersecurity and Advanced Technology Capabilities
    Protecting Against Phishing Attacks: This report language, secured by Peters, requires DOD to issue a strategy on implementing the adoption of phishing-resistant authentication across the Department. There has been an increase in phishing attempts targeting officials at DOD to retrieve personal information that allows hackers and foreign adversaries to gain access to delicate national security information. This provision would ensure that DOD takes steps to protect sensitive national security information and protect American lives.
    Preventing Manipulation of DOD-Generated Media: Peters secured an amendment he led which would require DOD to implement digital content provenance across the Department. Digital content creation, editing, and distribution tools are increasingly more accessible, and can be easily weaponized against the U.S. by our foreign adversaries who seek to threaten our national security, spread anti-American propaganda, and weaken our institutions. The amendment would help prevent DOD media content from being manipulated and used maliciously against our country by creating a pilot program to implement authenticity information on DOD-generated media. This builds on Peters’ bipartisan Digital Defense Content Provenance Act, which he secured in a previous national defense bill and requires DOD to create a course at the Defense Information School to teach personnel about the threats posed by synthetic media such as deepfakes, as well as emerging technologies and key concepts of digital content provenance. The bill also created a pilot program at DOD to assess the feasibility of establishing content standard technologies on DOD-produced and owned media content.
    Strengthening U.S. Cyber Workforce: Peters secured a provision that would require a report on the implementation of the DOD Cyber Workforce Strategy. DOD has struggled to attract and retain a skilled cyber workforce. The DOD Cyber Workforce Strategy was designed to identify difficulties and provide specific activities to increase applications and retainment of the cyber workforce, both military and civilian. A skilled DOD cyber workforce benefits all Americans.
    Enhancing DOD Weapons Systems to Protect Against Real-Time Cybersecurity Threats: The bill includes specific directives for the DOD to enhances its weapons systems with technology to track cybersecurity threats. This will all for weapons systems at Military bases in Michigan and across the country to track cyber threats in real time and constantly update the health and security of their cybersecurity operations. 
    Developing U.S. Unmanned Aircraft System (UAS) Capabilities: The bill would provide increased funding for the development of new and innovative design and production of low-cost, uncrewed systems. The bill would also require a strategy to develop a secure domestic supply chain of critical components for small UAS systems.
    Advancing Counter-UAS Technologies: The bill would authorize increased funding for various counter-UAS activities, and require a strategy for countering drone technologies and assessing resources or authorities needed for drone incursion response to ensure we are equipped for the future of warfare. It would direct the Army, Navy, and Air Force to provide briefings on their respective service plans for counter-UAS capabilities. 
    Supporting U.S. Security Interests Around the World
    Planning for Enhanced Operations in Artic Region: The bill includes a provision authored by Peters that recognizes the current geopolitical challenges and opportunities presented by the Artic region, and supports efforts to better understand the emerging need to enhance operations in the region. Specifically, the bill encourages the Secretary of Defense to partner with interagency organizations, including the Center for Arctic Security and Resiliency and the Joint All Domain Weather Operations Center, to coordinate federal agency planning for Arctic operations as well as testing of systems to support Arctic operations.
    Support Israel’s Defense Against Emerging Threats: Peters secured funding in the bill to help increase U.S. collaboration with Israel to develop emerging defense technologies to meet the warfare challenges of the future. Peters also secured a provision that would establish a cooperative program between the U.S. and Israel for advancing C-UAS technologies and joint research. Peters introduced bipartisan legislation last Congress to bolster collaboration between the United States and Israel on emerging technologies.
    Strengthen Efforts to Combat Anti-Tunneling Activity: The bill authorizes additional funding to strengthen current collaborative efforts between the U.S. and Israeli Defense Forces (IDF) to combat Hamas and strengthen anti-tunneling activity in the Gaza strip. As part of the DOD’s collaboration with the IDF, Israel shares its counter-tunnel technology with the DOD and Department of Homeland Security to combat growing threats at our borders, as well as similar threats faced on the Korean Peninsula and in multiple locations in the Middle East. 
    Support for Taiwan: This bill would strengthen security cooperation across the defense industrial bases of U.S. allies and partners in the Indo-Pacific, including Taiwan. The bill would support Taiwanese defense needs and strengthen U.S.-Taiwanese defense collaboration. The bill would also direct the Defense Department to assess Taiwan’s critical digital infrastructure and identify potential actions to help strengthen it.
    Counter Chinese Communist Party Aggression: The bill includes numerous provisions to counter aggression from the Chinese government, including a provision requiring a report on the intelligence capabilities of the People’s Republic of China and the Russian Federation in the Republic of Cuba.

    MIL OSI USA News –

  • MIL-OSI USA: As Member of Armed Services Committee, Peters Helps Advance Strong National Defense Bill to Bolster Michigan’s Defense Capabilities

    US Senate News:

    Source: United States Senator for Michigan Gary Peters
    WASHINGTON, DC – As a member of the Armed Services Committee, U.S. Senator Gary Peters (MI) helped advance the annual National Defense Authorization Act out of committee. Peters successfully authored and secured provisions in the bipartisan bill to strengthen U.S. national security, invest in Michigan’s military facilities and robust defense sector, support our nation’s long-term strategic efforts to combat aggression by adversaries like China and Russia, fund initiatives to clean up PFAS contamination, and give our servicemembers a pay raise. The bill now advances to the full Senate for consideration.
    “Across Michigan, our servicemembers, defense manufacturers, and top-notch military installations play an essential role in keeping our nation safe and secure,” said Senator Peters. “I was proud to secure investments in this bill to bolster those defense assets and capabilities, while supporting statewide economic growth. This bill also helps us meet the rising threats posed by our adversaries like China and Russia to protect both folks at home and our troops serving around the world.”
    The National Defense Authorization Act sets annual policy for the Department of Defense (DOD) and has been signed into law for more than 60 consecutive years. 
    Peters led or supported the following provisions, including authorizing more than $18 million in funding for Michigan’s military facilities: 
    Investing in Michigan’s Military Facilities
    $9 million for Runway Improvement at Selfridge Air National Guard Base: This funding would allow for runway improvements at Selfridge Air National Guard Base in Macomb County to prepare for basing of future missions, including the KC-46 Tankers and F-15EX fighter jets that were announced for Selfridge following years of persistent work and advocacy by Peters. 
    $5.2 million to Construct Two New Taxiways at Selfridge: This funding would support the construction of two new taxiways at Selfridge to prepare for basing of future missions including Selfridge’s two missions. This includes $2.8 million for the construction of Taxiway Alpha and $2.4 million for the construction of Taxiway Bravo.
    $4.4 million for Camp Grayling All-Domain Warfighting Training Complex: This funding would kickstart the Camp Grayling All-Domain Warfighting Training Complex (ADWTC) critical for military training exercises like Northern Strike. The ADWTC provides a state-of-the-art facility where servicemembers can plan, lead, and execute realistic training. The ADWTC is critical for growing military training exercises like Northern Strike and ensuring this critical exercise remains the premier training exercise in the country.
    Permanent Funding for Northern Strike: Peters secured report language urging permanent funding for the annual Northern Strike Exercise, which is the largest all-domain reserve forces exercise. Northern Strike provides a realistic training environment and robust training experiences for units and leaders to strengthen joint all-domain warfighting – and helps keep Michigan central to our national defense operations.
    Bolstering Collaborative Combat Aircraft Production: Senator Peters secured language in the bill that directs the Air Force to move forward with initial full-scale production of Collaborative Combat Aircraft (CCA). Peters has pushed forand secured language to support the development and integration of CCAs, including during a hearing last year with the former Secretary of Defense and a recent hearing with the current U.S. Air Force Secretary. As a member of the Senate Appropriations Committee, Peters has also secured language to help position Selfridge Air National Guard Base as a potential location for CCA fielding. He led a provision included in recent government funding legislation requiring a report regarding basing criteria of CCAs. This report will include an evaluation of whether existing Air National Guard bases with legacy fighter missions, such as Selfridge, may be appropriate locations for the basing of CCAs.
    Connected Vehicle Cybersecurity Center at Selfridge: Peters led a provision in the bill underscoring the growing threat of cyberattacks on both manned and unmanned military vehicles and platforms, as well as critical infrastructure that interacts with advanced vehicles. The provision recognizes the work of the Army Ground Vehicle Systems Center (GVSC) in Warren, Michigan to identify cyber vulnerabilities to secure joint ground vehicle platforms and prevent cyberattacks on critical infrastructure. The bill encourages vehicle cybersecurity at places like GVSC who is working to establish its Connected Vehicle Cybersecurity Center, which will also be located in Michigan at Selfridge Air National Guard Base. In addition to supporting our Armed Forces and servicemembers, the Connected Vehicle Cybersecurity Center will support Michigan’s auto industry and help establish Southeast Michigan as a hub for all auto-cyber activity in the country. Peters has continuously used his role on the Armed Services Committee to support the GVSC, and recently warned DOD officials about the consequences of potential cuts at the GVSC.
    Emergency Response Authority Act: Peters successfully secured an amendment to give states more flexibility in deploying Army Guard and Reserve (AGR) personnel with specialized skills for emergency response. This proposal would allow AGR forces to respond to state declared emergencies, such as floods, hurricanes and other natural disasters, for a total of 14 days per person. This provision empowers states to respond to major disasters more quickly and effectively.
    Supporting Our Servicemembers and Their Families
    Pay Raise for Servicemembers: This bill includes pay raises of 3.8 percent for military servicemembers. 
    Addressing PFAS Contamination
    Improving Transparency of PFAS Cleanup & Remediation Efforts: Peters successfully included a provision that requires DOD to submit annual reports detailing site-specific funding, progress, and barriers for all interim PFAS remediation and cleanup efforts. This includes timelines, performance metrics, and the status of the actions. Peters’ provision also requires DOD to create a public online dashboard within one year to display updated PFAS cleanup data, funding, timelines, and community points of contact. Peters has worked with communities across Michigan for years on PFAS remediation efforts. Peters convened the first-ever hearing on PFAS contamination in the Senate, and convened a field summit in Grand Rapids in November 2018 to shine a light on how local, state and federal governments are coordinating responses to address PFAS contamination. He has also passed numerous bills into law to help address PFAS contamination and protect Michiganders. Michigan is home to a number of military installations where PFAS contamination has been detected, including Camp Grayling and the former Wurtsmith Air Force Base in Oscoda.
    Ensuring Access to Clean Drinking Water for Communities Affected by PFAS Contamination: The bill contains a Peters led initiative to direct DOD to provide bottled water to communities with private drinking water wells with high levels of PFAS contamination as a result of DOD activities. 
    Supporting Michigan’s Defense Sector
    Bolstering Infantry Squad Vehicle Production: The bill also authorized $34.4 million to maintain continued production and fielding of General Motors (GM) Defense’s Infantry Squad Vehicle (ISV). GM Defense conducts its testing, research, and development of projects at the Milford Proving Ground in Oakland County, where two of its key programs of record were conceived, and employs over 50,000 people in Michigan.
    Supporting Munition Production in Grayling: The bill includes $31.9 million to support production of the Army’s Individual Assault Munitions (IAM), which will soon be made at a new production facility being constructed in Grayling, Michigan. This new facility is expected to employ 70 people in 2025 and expand to an estimated 100 employees by 2027. 
    Boosting Made in Michigan Ground Vehicle Production: The bill authorizes robust funding for the Army to produce new, modernized Strykers as well as Abrams tanks. This funding would help ensure that Made in Michigan testing and development of ground vehicles like the Strykers are operating with cutting edge technology designed to keep our servicemembers safe.
    Bolstering Military Aircraft Engine Industrial Base: Peters secured a provision that requires the Secretary of Defense to provide a roadmap for bolstering our military aircraft engine industrial base to support existing and planned platforms. 
    Expanding Fuel Cell Use: This provision Peters secured authorizes $5 million for research and development of multi-modular fuel cells, primarily to be used in electric vehicle charging stations and mobile generators. This research will help increase the reliability of power for military installations and improve DOD’s energy management and efficiency plans. 
    Strengthening Cybersecurity and Advanced Technology Capabilities
    Protecting Against Phishing Attacks: This report language, secured by Peters, requires DOD to issue a strategy on implementing the adoption of phishing-resistant authentication across the Department. There has been an increase in phishing attempts targeting officials at DOD to retrieve personal information that allows hackers and foreign adversaries to gain access to delicate national security information. This provision would ensure that DOD takes steps to protect sensitive national security information and protect American lives.
    Preventing Manipulation of DOD-Generated Media: Peters secured an amendment he led which would require DOD to implement digital content provenance across the Department. Digital content creation, editing, and distribution tools are increasingly more accessible, and can be easily weaponized against the U.S. by our foreign adversaries who seek to threaten our national security, spread anti-American propaganda, and weaken our institutions. The amendment would help prevent DOD media content from being manipulated and used maliciously against our country by creating a pilot program to implement authenticity information on DOD-generated media. This builds on Peters’ bipartisan Digital Defense Content Provenance Act, which he secured in a previous national defense bill and requires DOD to create a course at the Defense Information School to teach personnel about the threats posed by synthetic media such as deepfakes, as well as emerging technologies and key concepts of digital content provenance. The bill also created a pilot program at DOD to assess the feasibility of establishing content standard technologies on DOD-produced and owned media content.
    Strengthening U.S. Cyber Workforce: Peters secured a provision that would require a report on the implementation of the DOD Cyber Workforce Strategy. DOD has struggled to attract and retain a skilled cyber workforce. The DOD Cyber Workforce Strategy was designed to identify difficulties and provide specific activities to increase applications and retainment of the cyber workforce, both military and civilian. A skilled DOD cyber workforce benefits all Americans.
    Enhancing DOD Weapons Systems to Protect Against Real-Time Cybersecurity Threats: The bill includes specific directives for the DOD to enhances its weapons systems with technology to track cybersecurity threats. This will all for weapons systems at Military bases in Michigan and across the country to track cyber threats in real time and constantly update the health and security of their cybersecurity operations. 
    Developing U.S. Unmanned Aircraft System (UAS) Capabilities: The bill would provide increased funding for the development of new and innovative design and production of low-cost, uncrewed systems. The bill would also require a strategy to develop a secure domestic supply chain of critical components for small UAS systems.
    Advancing Counter-UAS Technologies: The bill would authorize increased funding for various counter-UAS activities, and require a strategy for countering drone technologies and assessing resources or authorities needed for drone incursion response to ensure we are equipped for the future of warfare. It would direct the Army, Navy, and Air Force to provide briefings on their respective service plans for counter-UAS capabilities. 
    Supporting U.S. Security Interests Around the World
    Planning for Enhanced Operations in Artic Region: The bill includes a provision authored by Peters that recognizes the current geopolitical challenges and opportunities presented by the Artic region, and supports efforts to better understand the emerging need to enhance operations in the region. Specifically, the bill encourages the Secretary of Defense to partner with interagency organizations, including the Center for Arctic Security and Resiliency and the Joint All Domain Weather Operations Center, to coordinate federal agency planning for Arctic operations as well as testing of systems to support Arctic operations.
    Support Israel’s Defense Against Emerging Threats: Peters secured funding in the bill to help increase U.S. collaboration with Israel to develop emerging defense technologies to meet the warfare challenges of the future. Peters also secured a provision that would establish a cooperative program between the U.S. and Israel for advancing C-UAS technologies and joint research. Peters introduced bipartisan legislation last Congress to bolster collaboration between the United States and Israel on emerging technologies.
    Strengthen Efforts to Combat Anti-Tunneling Activity: The bill authorizes additional funding to strengthen current collaborative efforts between the U.S. and Israeli Defense Forces (IDF) to combat Hamas and strengthen anti-tunneling activity in the Gaza strip. As part of the DOD’s collaboration with the IDF, Israel shares its counter-tunnel technology with the DOD and Department of Homeland Security to combat growing threats at our borders, as well as similar threats faced on the Korean Peninsula and in multiple locations in the Middle East. 
    Support for Taiwan: This bill would strengthen security cooperation across the defense industrial bases of U.S. allies and partners in the Indo-Pacific, including Taiwan. The bill would support Taiwanese defense needs and strengthen U.S.-Taiwanese defense collaboration. The bill would also direct the Defense Department to assess Taiwan’s critical digital infrastructure and identify potential actions to help strengthen it.
    Counter Chinese Communist Party Aggression: The bill includes numerous provisions to counter aggression from the Chinese government, including a provision requiring a report on the intelligence capabilities of the People’s Republic of China and the Russian Federation in the Republic of Cuba.

    MIL OSI USA News –

  • MIL-OSI USA: FAA Awards Over $31 Million to North Dakota Airports

    US Senate News:

    Source: United States Senator Kevin Cramer (R-ND)

    BISMARCK, N.D. – The U.S. Department of Transportation (DOT) Federal Aviation Administration (FAA) announced an award of $31,255,696 through the Airport Improvement Program (AIP) for projects at several airports across North Dakota. The funding will be distributed to the following:

    • $10,325,656 to the Bismarck Municipal Airport to reconstruct the existing lighting on Taxiway D and connectors D1, D2, and D3, as well as rehabilitating 4,308 feet of pavement. It also rehabilitates 7,403 feet of the existing paved Taxiways D and connectors D1, D2, and D3 to maintain the structural integrity of the pavements, constructs Runway 3/21 safety area at both Runway ends to enhance safety, and reconstructs 3,483 feet of safety area and the Runway 21 blast pad.
    • $10,000,000 to Fargo’s Hector International Airport to construct 25,070 square yards of apron and reconstruct 37,526 square yards of the existing Terminal Apron pavement.
    • $3,409,869 to Fargo’s Hector International Airport to expand the existing terminal by 35,245 square feet including four new gates.
    • $1,317,035 to the Cooperstown Municipal Airport Authority to construct a new 164 foot South Taxilane to provide airfield access to a non-exclusive hangar development area and rehabilitate 3,500 feet of existing paved Runway 13/31 to maintain the structural integrity and minimize foreign object debris.
    • $1,266,560 to the Cavalier Municipal Airport Authority to rehabilitate 3,300 feet of existing paved Runway 16/34 to maintain the structural integrity and minimize foreign object debris.
    • $1,121,492 to the Langdon Municipal Airport Authority to construct 1,411 feet and the new 1,739-foot Taxiway B.
    • $818,010 to the Wahpeton Airport Authority to install new lighting on Taxiway A.
    • $676,540 to the City of Mohall to construct new underdrains, storm drain, and lift station to mitigate ponding.
    • $626,848 to the Lakota Airport Authority to reconstruct 5,506 square yards of the existing North Apron pavement.
    • $335,781 to the Grafton Municipal Airport Authority to construct a new 4,828 square foot sponsor-owned hangar for aircraft storage.
    • $300,000 to the Adams County Airport Authority to reseal 1,217 feet of existing Taxilane North and South pavement and joints, reseal 6,500 feet of existing Taxiway A, Taxiway B, and Taxiway C pavement and joints, reseal 4,652 feet of existing Runway 12/30 pavement and joints, and reseal 15,420 square yards of existing center apron pavement and joints.
    • $300,000 to the Kenmare Airport Authority to replace existing snow removal equipment.
    • $300,000 to the Watford City Municipal Airport Authority to construct a new 2,700 square foot snow removal equipment and sand storage building.
    • $207,736 to the Tioga Municipal Airport Authority to reseal 1,800 feet of existing Taxiway A and connectors pavement and joints, reseal 1,000 feet of existing hangar Taxilane pavement and joints, reseal 5,102 feet of existing Runway 12/30 pavement and joints, and to construct and reseal additional General Aviation Apron pavement.
    • $150,126 to the Walhalla Municipal Airport Authority to construct a new 5,600 square foot sponsor-owned hangar for aircraft storage and maintenance.
    • $100,043 to the Mercer County Regional Airport Authority to reseal 275 feet of existing Taxilane pavement and joints, reseal 13,708 square yards of the existing North and South apron pavement and joints, reseal 1,420 feet of existing Taxiway A and B pavement and joints, and reseal 5,000 feet of existing Runway 15/33 pavement and joints.

    The FAA AIP provides funding to airports nationwide for planning, capital, and safety enhancement projects.

    MIL OSI USA News –

  • MIL-OSI USA: Americans Celebrate the One Big Beautiful Bill’s Transformational Policies

    US Senate News:

    Source: US Whitehouse
    A week after President Donald J. Trump signed the historic One Big Beautiful Bill into law, Americans across the country are celebrating its many benefits. From farmers securing their family legacies to service workers gaining financial breathing room, the bill’s bold policies will make a real difference in Americans’ lives.
    In Iowa, fifth-generation farmer Dennis Friest says it “feels like a weight has been lifted from his shoulders” now that the One Big Beautiful Bill prevents the death tax from hitting his farm: “One of my goals when I started farming was to be able to pass this farm onto the next generation, and I’m doing that. I feel very good about that.”
    In Georgia, a restaurant worker says No Tax on Tips will have countless benefits: “I believe it’s going to generate more spending around the town and maybe even travel in the future, or people can start saving and make bigger purchases along the way. I think it’s great.”
    In California, a waitress says No Tax on Tips will help her save for the future: “Over the previous years, I’ve owed quite a bit — so hopefully this can go into a college fund instead.”
    In South Carolina, Greenville County Coroner Mike Ellis says No Tax on Overtime will help his deputies better plan how to spend their money: “They work extremely hard and have an extremely tragic job — every one of them.”
    In Hawaii, a restaurant owner says No Tax on Tips will be a boon for his employees: “I think any amount of money saved will have great impact … that would affect absolutely every non-manager in the house. Everybody’s tipped here.”
    In Nevada, a service worker says No Tax on Tips will make a huge difference for hardworking people like her: “It definitely will be a couple of hundred dollars in our paychecks — which it goes far.”
    In Texas, a fourth-generation farmer says the pro-agriculture provisions in the One Big Beautiful Bill will be difference-maker: “We definitely need a strong safety net for America’s farmers.”
    In Michigan, a waitress says the extra money as a result of No Tax on Tips will help care for her four children: “It would either go towards them or towards my house bills.”
    In Wisconsin, the vice president of the state’s restaurant association says No Tax on Tips will have a direct impact on peoples’ lives: “Many of our folks are part-time, either supplemental income to the family or are students putting themselves through school … this will help them achieve their goals.”
    In Florida, a Miami bartender says No Tax on Tips will be a big help since tips are 90% of his income: “A little bit more money in the working people’s pocket, and that just allows us the opportunity to get to enjoy our cities a little bit more.”
    In Minnesota, a bartender praises No Tax on Tips: “Any more money on our checks is going to be better — that we don’t have to give to the government.”

    MIL OSI USA News –

  • MIL-OSI: Solitron Devices, Inc. Announces Fiscal 2026 First Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, Fla., July 11, 2025 (GLOBE NEWSWIRE) — Solitron Devices, Inc. (OTC Pink: SODI) (“Solitron” or the “Company”) is pleased to announce fiscal 2026 first quarter results. 

    FISCAL 2026 FIRST QUARTER HIGHLIGHTS –

    • Net sales decreased 32% to approximately $2.70 million in the fiscal 2026 first quarter versus $3.97 million in the fiscal 2025 first quarter.
    • Net bookings increased 37% to $2.80 million in the fiscal 2026 first quarter versus $2.04 million in the prior year first quarter.
    • Backlog increased 94% to $18.26 million at the end of the fiscal 2026 first quarter as compared to $9.41 million at the end of the fiscal 2025 first quarter.
    • Net income (loss) was ($0.34) million, or ($0.16) per share, for the fiscal 2026 first quarter versus net income of $0.59 million, or $.28 per share, for the fiscal 2025 first quarter.

    Revenue continued to be down in the first quarter, similar to the fourth quarter of fiscal year 2025, due to the lag time between receipt of orders and production/fulfillment of those orders. As previously noted in our last press release, we expected lower revenues in this quarter and anticipate sales to pick up at the end of the fiscal second quarter, before reaching a steadier level in the fiscal third quarter.

    On a positive note, the Company’s backlog remains at record levels. Backlog increased from $18.11 million at the beginning of the fiscal year to $18.26 million at the end of fiscal 2026 first quarter.

    During the quarter we invested $1.65 million for 6.4% of the units in CBE LLC (“CBE”). CBE purchased a 25% interest in CrossingBridge Advisors (“CrossingBridge”), a subsidiary of ENDI Corp., for $25.9 million. CBE will be entitled to a royalty equal to approximately 14.9% of the revenue of CrossingBridge, which equated to an initial “cap” rate based on CrossingBridge’s revenue run rate as of December 31, 2024, of approximately 11.7%. Solitron’s royalty share will be just under 6.4% of CBE’s. CrossingBridge reported that its assets under management were $4.0 billion as of June 30, 2025, versus $3.4 billion as of December 31, 2024.

    By law, certain U.S. Department of Defense officials and other executive branch agency officials are required to submit reports to Congress describing defense and intelligence-related priorities that were not included in the President’s annual budget request. These reports, known as unfunded priorities lists (UPLs), identify certain programs, activities, or mission requirements for which appropriations were not requested, along with the funding amounts that may be necessary to resource them. In the recent unfunded priorities list it has been reported that the U.S. Air Force requested an increase in AMRAAM production from 1,200 annually to 2,400 annually by 2028. AMRAAM is the largest defense program that Solitron supplies to. While the request is positive news, any increase requires Congressional approval, and there are no assurances that approval will happen. We continue to see increased interest in new product development, including silicon carbide. We have developed various prototypes for testing by potential customers and continue to be optimistic about creating additional revenue sources.

    We continue to see increased interest in new product development, including silicon carbide. We have developed various prototypes for testing by potential customers and continue to be optimistic about creating additional revenue sources.

     
    SOLITRON DEVICES, INC.
    CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
    FOR THE THREE MONTHS ENDED MAY 31, 2025, AND MAY 31, 2024
    (in thousands except for share and per share amounts)
     
        For The Three Months Ended   For The Three Months Ended
        May 31, 2025   May 31, 2024
        unaudited   unaudited
    Net sales   $ 2,700     $ 3,967  
    Cost of sales     2,310       2,292  
             
    Gross profit     390       1,675  
             
    Selling, general and administrative expenses     768       883  
             
    Operating income     (378 )     792  
             
    Other income (loss)        
    Interest income     –       5  
    Interest expense     (74 )     (50 )
    Dividend income     41       16  
    Realized gain (loss) on investments     81       11  
    Unrealized gain (loss) on investments     (127 )     27  
    Total other income (loss)     (79 )     9  
             
    Net income (loss) before income tax     (457 )     801  
    Income tax (expense) benefit     121       (212 )
             
    Net income (loss)   $ (336 )   $ 589  
             
    Net income (loss) per common share – basic and diluted   $ (0.16 )   $ 0.28  
             
    Weighted average shares outstanding – basic and diluted     2,082,553       2,083,436  
     
    SOLITRON DEVICES, INC. 
    CONSOLIDATED CONDENSED BALANCE SHEETS 
    AS OF MAY 31, 2025, AND FEBRUARY 28, 2025
    (in thousands, except for share and per share amounts)
     
        May 31,
    2025    		     February 28,
    2025    		  
                     
    ASSETS                
    CURRENT ASSETS                
    Cash and cash equivalents   $ 2,570     $ 4,099  
    Marketable securities     659       919  
    Accounts receivable     1,750       2,129  
    Inventories, net     3,591       3,440  
    Prepaid expenses and other current assets     212       132  
    TOTAL CURRENT ASSETS     8,782       10,719  
                     
    Property, plant and equipment, net     8,532       8,635  
    Intangible assets     2,852       2,905  
    Deferred tax asset     1,743       1,622  
    Long-term investment     1,650       –  
    Other assets     428       555  
    TOTAL ASSETS   $ 23,987     $ 24,436  
                     
    LIABILITIES AND STOCKHOLDERS’ EQUITY                
    CURRENT LIABILITIES                
    Accounts payable   $ 732     $ 439  
    Customer deposits     119       118  
    Accrued contingent consideration, current     598       570  
    Mortgage loan, current portion     155       152  
    Accrued expenses and other current liabilities     857       846  
    TOTAL CURRENT LIABILITIES     2,461       2,125  
                     
    Accrued contingent consideration, non-current     254       663  
    Mortgage loan, net of current portion     3,725       3,765  
    TOTAL LIABILITIES     6,440       6,553  
                     
    STOCKHOLDERS’ EQUITY                
    Preferred stock, $.01 par value, authorized 500,000 shares, none issued     –       –  
    Common stock, $.01 par value, authorized 10,000,000 shares, 2,082,553 shares outstanding, net of 487,827 treasury shares at May 31, 2025 and 2,082,553 shares outstanding, net of 487,827 treasury shares at February 28, 2025, respectively     21       21  
    Additional paid-in capital     1,834       1,834  
    Retained earnings     17,104       17,440  
    Less treasury stock     (1,412 )     (1,412 )
    TOTAL STOCKHOLDERS’ EQUITY     17,547       17,883  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 23,987     $ 24,436  

    The unaudited financial information disclosed in this press release for the three months ended May 31, 2025, is based on management’s review of operations for that period and the information available to the Company as of the date of this press release. The Company’s results included herein have been prepared by, and are the responsibility of, the Company’s management. The Company’s independent auditors have audited the Company’s results for the fiscal year ending February 28, 2025. The financial results presented herein should not be considered a substitute for the information filed or to be filed with the SEC in the Company’s Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the respective periods once such reports become available.

    About Solitron Devices, Inc. 
    Solitron Devices, Inc., a Delaware corporation, designs, develops, manufactures, and markets solid state semiconductor components and related devices primarily for the military and aerospace markets. The Company manufactures a large variety of bipolar and metal oxide semiconductor (“MOS”) power transistors, power and control hybrids, junction and power MOS field effect transistors (“Power MOSFETS”), and other related products. Most of the Company’s products are custom made pursuant to contracts with customers whose end products are sold to the United States government. Other products, such as Joint Army/Navy (“JAN”) transistors, diodes, and Standard Military Drawings voltage regulators, are sold as standard or catalog items.

    Effective September 1, 2023, Solitron closed its acquisition of Micro Engineering Inc. (MEI) based in Apopka, Florida. MEI specializes in solving design layout and manufacturing challenges while maximizing efficiency and keeping flexibility to meet unique customer needs. Since 1980 the MEI team has been dedicated to overcoming obstacles to provide cost efficient and rapid results. MEI specializes in low to mid volume projects that require engineering dedication, quality systems and efficient manufacturing.

    Forward-Looking Statements 
    This press release contains forward-looking statements regarding future events and the future performance of Solitron Devices, Inc. that involve risks and uncertainties that could materially affect actual results, including statements regarding the Company’s expectations regarding future performance and trends, including production levels, government spending, backlog and delivery timelines, new product development, our efforts and performance following our acquisition of MEI, and potential future revenue and trends with respect thereto from each of the foregoing. Factors that could cause actual results to vary from current expectations and forward-looking statements contained in this press release include, but are not limited to, the risks and uncertainties arising from potential adverse developments or changes in government budgetary spending and policy including with respect to the war in Ukraine, which may among other factors be affected by the possibility of reduced government spending on programs in which we participate, inflation, elevated interest rates, adverse trends in the economy and the possibility of a recession the likelihood of which appears to have increased based on recent economic data, the possibility that management’s estimates and assumptions regarding bookings, sales and other metrics prove to be incorrect; the timing and size of orders from our clients, our delivery schedules and our liquidity and cash position; our ability to make the appropriate adjustments to our cost structure; our ability to properly account for inventory in the future; the demand for our products and potential loss of, or reduction of business from, substantial clients our dependence on government contracts, which are subject to termination, price renegotiations and regulatory compliance and which may among other factors be adversely affected by the factors described elsewhere herein, our ability to continue to integrate MEI in an efficient and effective manner, and the possibility that such acquisition or any other acquisition or strategic transaction we may pursue does not yield the results or benefits desired or anticipated. Descriptions of other risk factors and uncertainties are contained in the Company’s Securities and Exchange Commission filings, including its most recent Annual Report on Form 10-K for the fiscal year ended February 28, 2025.

    Tim Eriksen 
    Chief Executive Officer 
    (561) 848-4311 
    Corporate@solitrondevices.com

    The MIL Network –

  • MIL-OSI: ETC Announces Fiscal 2026 First Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    SOUTHAMPTON, Pa., July 11, 2025 (GLOBE NEWSWIRE) — Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today reported its financial results for the thirteen week period ended May 30, 2025 (the “2026 first fiscal quarter”).

    Robert L. Laurent, Jr., ETC’s Chief Executive Officer and President stated, “We are pleased with the 39% increase in ETC operating income vs. prior year driven by an increase in sales of Aircrew Training Systems (“ATS”) and a decrease in operating expenses as compared to the prior year, as well as our 34% gross profit margin excluding the impact of lower margin sales related to construction of an aeromedical center during the 2026 first fiscal quarter. We exit the quarter with a sales backlog of $73 million and a large pipeline of opportunities.”

    Fiscal 2026 First Quarter Results of Operations

    Net Income

    Net income was $1.3 million, or $0.07 diluted earnings per share, in the 2026 first fiscal quarter, compared to net income of $1.4 million during the 2025 first fiscal quarter, or $0.08 diluted earnings per share. The $0.1 million decrease is primarily attributable to a $0.4 million, or 385.3% increase in interest expense, net and a $0.4 million, or 1850.0% increase in income tax provision in the 2026 first fiscal quarter as compared to 2025 first fiscal quarter partially offset by the net effect of a $0.9 million increase in ATS net sales, excluding the Aeromedical center building revenue, and a $0.7 million decrease in Commercial/Industrial Systems (“CIS”) net sales, and a $0.5 million decrease in operating expenses.

    Net Sales

    Net sales in the 2026 first fiscal quarter were $17.6 million, an increase of $4.1 million, or 30.5%, compared to 2025 first fiscal quarter net sales of $13.5 million. The increase in net sales was mainly a result of a $4.8 million, or 74.9% increase in ATS sales, $3.9 million of which relates to aeromedical center building revenue, slightly offset by a $0.8 million, or 14.2% decrease in Sterilizer Systems sales in the 2026 first fiscal quarter as compared to 2025 first fiscal quarter.

    Gross Profit

    Gross profit for the 2026 first fiscal quarter was $4.7 million (26.5% of net sales) compared to $4.5 million in 2025 first fiscal quarter (33.6% of net sales). The decrease in gross profit margin as a percentage of sales was a direct result of the increase in aeromedical center building revenue within the ATS business unit, which is lower margin than ETC’s core businesses as the work is being performed by a sub-contracted construction firm. Excluding the impact of the aeromedical center building revenue, gross profit margin was 34.3% for first fiscal quarter 2026 as compared to 33.9% for first fiscal quarter 2025.

    Operating Expenses

    Operating expenses, including sales and marketing, general and administrative, and research and development, for the 2026 first fiscal quarter were $2.5 million, a decrease of $0.5 million, or 16.0%, compared to $3.0 million for the 2025 first fiscal quarter. The decrease in operating expenses was due primarily to lower research and development expense at ETC-PZL in 2026 first fiscal quarter as compared to 2025 first fiscal quarter. In 2025 first fiscal quarter, ETC-PZL had limited sales which resulted in employees working on non-chargeable research and development projects.

    Operating Income

    Operating income for the 2026 fiscal first quarter was $2.2 million, an increase of $0.6 million, or 39.4%, compared to $1.6 million for the 2025 first fiscal quarter. The increase in operating income is attributable to the net effect of a $0.9 million increase in ATS net sales, excluding the Aeromedical center building revenue, and a $0.7 million decrease in Commercial/Industrial Systems (“CIS”) net sales, and a $0.5 million decrease in operating expenses.

    Interest Expense, Net

    Interest expense, net, for the 2026 first fiscal quarter was $0.6 million compared to $0.1 million in the 2025 first fiscal quarter, an increase of $0.4 million, or 385.3%, reflecting increased borrowing attributable to the leaseback of the demonstration equipment in 2025 fourth fiscal quarter.

    Income Tax Provision

    Income tax provision for the 2026 first fiscal quarter was $0.4 million compared to $0.0 million in the 2025 first fiscal quarter, an increase of $0.4 million, or 1850.0%. The increase is a non-cash tax expense attributable to the utilization of our Net Operating Loss (NOL) carryforward for which a deferred tax asset was established in the fourth quarter of fiscal 2025.

    Cash Flows from Operating, Investing, and Financing Activities

    During the 2026 first fiscal quarter, cash flows used in operating activities were $2.7 million, a decrease of $5.6 million compared to cash flows provided by operating activities of $2.9 million during 2025 first fiscal quarter. Cash flows during the 2026 first fiscal quarter primarily decreased as a result of an increase in accounts receivable, net, slightly offset by an increase in accounts payable, trade for 2026 first fiscal quarter as compared to 2025 first fiscal quarter.

    Cash used for investing activities primarily relates to funds used for capital expenditures of equipment and software development. The Company’s investing activities used $0.1 million during the 2026 and 2025 first fiscal quarter.

    The Company’s financing activities provided $1.0 million of cash during the 2026 first fiscal quarter from borrowings under the Company’s credit facility as compared to repayments under the Company’s credit facility of $3.1 during the 2025 first fiscal quarter.

    About ETC

    ETC was incorporated in 1969 in Pennsylvania. For over five decades, we have provided our customers with products, services, and support. Innovation, continuous technological improvement and enhancement, and product quality are core values that are critical to our success. We are a significant supplier and innovator in the following areas: (i) software driven products and services used to create and monitor the physiological effects of flight, including high performance jet tactical flight simulation, fixed and rotary wing upset prevention and recovery and spatial disorientation, and both suborbital and orbital commercial human spaceflight, collectively, Aircrew Training Systems (“ATS”); (ii) altitude (hypobaric) chambers; (iii) hyperbaric chambers for multiple persons (multiplace chambers); (iv) Advanced Disaster Management Simulators (“ADMS”); (v) steam and gas (ethylene oxide) sterilizers (“Sterilizer Systems” or “Sterilizers”); and (vi) Environmental Testing and Simulation Systems (“ETSS”).

    We operate in two primary business segments, Aerospace Solutions (“Aerospace”) and Commercial/Industrial Systems (“CIS”). Aerospace encompasses the design, manufacture, and sale of: (i) ATS products; (ii) altitude (hypobaric) chambers; (iii) hyperbaric chambers for multiple persons (multiplace chambers); and (iv) ADMS, as well as integrated logistics support (“ILS”) for customers who purchase these products or similar products manufactured by other parties. These products and services provide customers with an offering of comprehensive solutions for improved readiness and reduced operational costs. Sales of our Aerospace products are made principally to U.S. and foreign government agencies and to civil aviation organizations. CIS encompasses the design, manufacture, and sale of: (i) steam and gas (ethylene oxide) sterilizers; and (ii) ETSS; as well as parts and service support for customers who purchase these products or similar products manufactured by other parties. Sales of our CIS products are made principally to the healthcare, pharmaceutical, and automotive industries.

    ETC-PZL Aerospace Industries Sp. z o.o. (“ETC-PZL”), our 100%-owned subsidiary in Warsaw, Poland, is currently our only operating subsidiary. ETC-PZL manufactures certain simulators and provides software to support products manufactured domestically within our Aerospace segment.

    The majority of our net sales are generated from long-term contracts with foreign and U.S. governments and agencies (including foreign military sales (“FMS”) contracted through the U.S. Government) for the research, design, development, manufacture, integration, and sustainment of ATS products, including Chambers and the simulators manufactured and sold through ETC-PZL, collectively, ATS as well as long-term contracts with domestic and international customers for the sale of Sterilizer systems. The Company also enters into long-term contracts with domestic customers for the sale of ETSS. Net sales of ADMS are generally much shorter term in nature and vary between domestic and international customers. We generally provide our products and services under fixed-price contracts.

    ETC’s unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition. ETC’s headquarters is located in Southampton, PA. For more information about ETC, visit http://www.etcusa.com/. The information contained on our website is not incorporated by reference in this news release.

    Forward-looking Statements

    This news release contains forward-looking statements, which are based on management’s expectations and are subject to uncertainties and changes in circumstances. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, and these statements may include words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “future”, “predict”, “potential”, “intend”, or “continue”, and similar expressions. We base our forward-looking statements on our current expectations and projections about future events or future financial performance. Our forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC and its subsidiaries that may cause actual results to be materially different from any future results implied by these forward-looking statements. We caution you not to place undue reliance on these forward-looking statements. Except as required by law, we assume no obligation to update or revise any forward looking statements.

    Contact: Tim Kennedy, CFO
    Phone: (215) 355-9100 x1531
    E-mail: tkennedy@etcusa.com
       

    – Financial Table Follows –

    Table A                
    ENVIRONMENTAL TECTONICS CORPORATION  
    SUMMARY TABLE OF RESULTS  
    (in thousands, except per share information)  
    (unaudited)  
                     
      Thirteen weeks ended   Variance  
    (in thousands, except per share information) May 30, 2025   May 24, 2024   ($)   (%)  
    Net sales $ 17,601     $ 13,492     $ 4,109     30.5    
    Cost of goods sold   12,939       8,965       3,974     44.3    
    Gross Profit   4,662       4,527       135     3.0    
    Gross profit margin %   26.5 %     33.6 %     -7.1 %   -21.1 %  
                     
    Operating expenses   2,498       2,975       (477 )   -16.0    
    Operating income   2,164       1,552       612     39.4    
    Operating margin %   12.3 %     11.5 %     0.8 %   6.9 %  
                     
    Interest expense, net   563       116       447     385.3    
    Other (income) expense, net   (78 )     55       (133 )   -241.8    
    Income before income taxes   1,679       1,381       298     21.6    
    Pre-tax margin %   9.5 %     10.2 %     -0.7 %   -6.9 %  
                     
    Income tax provision   390       20       370     1850.0    
    Net income   1,289       1,361       (72 )   -5.3    
    Preferred Stock dividends   (121 )     (121 )     –     0.0    
    Income attributable to common and                
    participating shareholders $ 1,168     $ 1,240     $ (72 )   -5.8    
                     
    Per share information:                
    Basic earnings per common and participating share:                
    Distributed earnings per share:                
    Common $ –     $ –     $ –        
    Preferred $ 0.02     $ 0.02     $ –     0.0    
    Undistributed earnings per share:                
    Common $ 0.07     $ 0.08     $ (0.01 )   -12.5    
    Preferred $ 0.07     $ 0.08     $ (0.01 )   -12.5    
    Diluted earnings per share $ 0.07     $ 0.08     $ (0.01 )   -12.5    
                     
                     
    Total basic weighted average common and participating shares   15,665       15,569            
                     
    Total diluted weighted average shares   16,998       16,062            
     

    The MIL Network –

  • MIL-OSI: AI Mining Takes on Ripple’s XRP: PFMCrypto Launches Zero-Hardware XRP Cloud Mining with Daily Rewards

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 11, 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 Takes on Ripple’s XRP: PFMCrypto Launches Zero-Hardware XRP Cloud Mining with Daily Rewards

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 11, 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 Takes on Ripple’s XRP: PFMCrypto Launches Zero-Hardware XRP Cloud Mining with Daily Rewards

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 11, 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 USA: S. 1582, GENIUS Act

    Source: US Congressional Budget Office

    Legislation Summary

    S. 1582 would define payment stablecoin to mean a digital asset issued for a payment or settlement that is pegged to a reference asset, such as the U.S. dollar, and redeemable at a fixed amount. The act also would establish a regulatory framework for stablecoin issuers. Nonbank entities or subsidiaries of insured depository institutions could apply to become issuers; within three years of enactment only those approved issuers would be authorized to offer stablecoin. Once approved, an issuer would be subject to supervision by appropriate federal or state regulators and would be required to hold at least one dollar of permitted reserves for every dollar issued in stablecoin.

    Under S. 1582, the responsible federal financial regulators would be the Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), and the Federal Reserve.

    S. 1582 would permit nonbank entities with less than $10 billion in issuance to opt in to a state regulatory system, provided that the state’s system is substantially similar to its federal counterpart; state regulators could choose to cede their authority to the Federal Reserve. The act would require federal and state regulators to issue specific capital, liquidity, and risk management rules for federal and state stablecoin issuers and to report on stablecoins. The Financial Crimes Enforcement Network (FinCEN) would be required to issue anti-money-laundering rules for stablecoin issuers.

    Estimated Federal Cost

    The estimated budgetary effect of S. 1582 is shown in Table 1. The costs of the legislation fall within budget functions 370 (commerce and housing credit) and 750 (administration of justice).

    Basis of Estimate

    Enacting S. 1582 would impose additional administrative costs on the federal financial regulators, CBO estimates. We expect that during the two years after enactment, the regulatory agencies would conduct rulemaking, develop industry and examiner guidance, train examiners, and establish processes for state and federal regulation of small issuers of stablecoins. After that, the agencies would incur additional administrative costs for examinations, risk monitoring, enforcement, and certifying state regulators. Using information from the affected agencies, CBO estimates that, on average, the annual cost in 2025 of employing a financial regulatory staff member at the FDIC, NCUA, OCC, and Federal Reserve is $270,000. Costs in later years are adjusted to account for anticipated inflation.

    Table 1.

    Estimated Budgetary Effects of S. 1582
     

    By Fiscal Year, Millions of Dollars

    		    
     

    2025

    2026

    2027

    2028

    2029

    2030

    2031

    2032

    2033

    2034

    2035

    2025-2030

    2025-2035
     

    Increases in Direct Spending

    		    

    Estimated Budget Authority

    *

    2

    3

    5

    4

    5

    5

    5

    6

    6

    6

    19

    47

    Estimated Outlays

    *

    2

    3

    5

    4

    5

    5

    5

    6

    6

    6

    19

    47
     

    Decreases in Revenues

    		    

    Estimated Revenues

    0

    -1

    -1

    -2

    -1

    -29

    -7

    -8

    -8

    -8

    -8

    -34

    -73
     

    Net Increase in the Deficit

    From Changes in Direct Spending and Revenues

    		    

    Effect on the Deficit

    *

    3

    4

    7

    5

    34

    12

    13

    14

    14

    14

    53

    120

    Direct Spending

    The administrative costs of the FDIC, NCUA, and OCC are classified in the federal budget as direct spending. Using information from those agencies, CBO estimates that enacting the legislation would increase gross direct spending by $77 million over the 2025-2035 period. However, OCC and NCUA collect fees from financial institutions to offset their costs; those fees are treated as reductions in direct spending. Thus, CBO estimates that, on net, enacting the legislation would increase direct spending by $47 million over the same period.

    Revenues

    Costs incurred by the Federal Reserve reduce remittances to the Treasury, which are recorded in the budget as revenues. CBO estimates that enacting S. 1582 would decrease revenues by $73 million over the 2025-2035 period. Changes in costs for the Federal Reserve banks have historically resulted in changes to remittances during the same year. However, since fiscal year 2023, the central bank has recorded a deferred asset to account for accrued net losses from expenses in excess of income. As a result, remittances largely have been suspended. In CBO’s projections, remittances from the Federal Reserve will generally be suspended until 2030, and until they resume, most changes in costs incurred by the system will not be recorded as changes in remittances.

    Spending Subject to Appropriation

    S. 1582 would require FinCEN to write anti-money-laundering rules for stablecoin issuers. That agency’s administrative costs are funded through annual appropriations. CBO estimates that implementing the provision would cost less than $500,000 over the 2025-2030 period; any related spending would be subject to the availability of appropriated funds.

    Uncertainty

    Chief, Finance, Housing, and Education Cost Estimates Unit

    Joshua Shakin
    Chief, Revenue Projections Unit

    Kathleen FitzGerald 
    Chief, Public and Private Mandates Unit

    H. Samuel Papenfuss 
    Deputy Director of Budget Analysis

    Phillip L. Swagel

    Director, Congressional Budget Office

    MIL OSI USA News –

  • MIL-OSI USA: Ranking Members Schatz and Shaheen Introduce Legislation to Prevent Lifesaving U.S. Aid from Going to Waste

    US Senate News:

    Source: United States Senator for Hawaii Brian Schatz
    WASHINGTON – This week, U.S. Senators Jeanne Shaheen (D-NH), Ranking Member of the Senate Foreign Relations Committee, and Brian Schatz (D-HI), Ranking Member of the Senate Subcommittee on Foreign Operation Appropriations, introduced the “Saving Lives and Taxpayer Dollars Act,” legislation to prevent the unnecessary destruction and waste of foreign assistance commodities—including food, medicine and medical devices—by ensuring that they are delivered to intended recipients before they spoil or expire. The bill would prohibit the destruction of any such commodities unless all efforts to sell or donate them have been exhausted and requires reporting to Congress on any destroyed goods. 
    Specifically, the “Saving Lives and Taxpayer Dollars Act” seeks to prevent the State Department’s planned destruction of $9.7 million in family planning commodities instead of donating them to intended beneficiaries. It would also impose requirements to prevent the imminent spoilage of emergency food commodities in warehouses, including a USAID warehouse in Houston, Texas. 
    “This bill will save lives and prevent the wasting of taxpayer dollars by ensuring that already paid-for life-saving commodities, like food and medicine, are delivered to people in need instead of being pointlessly trashed,” said Ranking Member Shaheen. “At a moment when the Trump Administration has made devastating cuts to foreign assistance it is disappointing that the State Department would sign off on spending money to actually destroy paid-for commodities that would save lives and are waiting to be deployed. Food and family planning commodities are desperately needed in conflict affected countries, like Sudan and the Democratic Republic of Congo where famine is taking hold. Women are at high risk for sexual violence in conflict settings. This is sadly yet another example of how Elon Musk and the DOGE boys have simultaneously managed to cost lives and undercut America’s influence abroad without saving the taxpayer a single cent.” 
    “Intentionally destroying health care products or letting food and medication that the United States government has already paid for as part of our foreign assistance efforts rot and expire in warehouses is absurd. It’s a total waste of taxpayer dollars and is needlessly costing lives around the world,” said Ranking Member Schatz. “Our bill requires the administration to follow common-sense and distribute foreign assistance commodities before they expire.” 
    Last week, Ranking Member Shaheen sent a letter to Secretary of State Marco Rubio urging him to reverse the State Department’s decision to destroy more than $9 million dollars in family planning commodities intended to support women in crisis settings globally. U.S. family planning assistance reaches 47.6 million women and couples every year, preventing 8.1 million unintended pregnancies, 5.2 million unsafe abortions and 34,000 maternal deaths. 
    Full text of the bill can be found HERE. 
    The “Saving Lives and Taxpayer Dollars Act” would:  
    Require that foreign assistance commodities, including food, medicine, and medical devices be made available to intended beneficiaries before the commodities spoil or expire.   
    Prevent the destruction of any commodity procured or held by the United States unless every effort has been made to sell or donate the commodity before the applicable spoilage or expiration date.   
    Require reporting to Congress on any destroyed commodities, including the market value of any product or commodity destroyed; and the cost incurred to destroy the commodity. 

    MIL OSI USA News –

  • MIL-OSI: Ripple’s XRP Enters AI Mining Era with PFMCrypto Launches Zero-Hardware XRP Cloud Mining with Daily Rewards

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 11, 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 

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks. There is a possibility of financial loss. You are advised to perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

  • MIL-OSI: Ripple’s XRP Enters AI Mining Era with PFMCrypto Launches Zero-Hardware XRP Cloud Mining with Daily Rewards

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 11, 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 

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks. There is a possibility of financial loss. You are advised to perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

  • MIL-OSI USA: Rep. Scholten Secures Nearly $2.4 Million for Critical Upgrades at Gerald R. Ford International Airport

    Source: United States House of Representatives – Congresswoman Hillary Scholten – Michigan

    GRAND RAPIDS, MI — Today, U.S. Representative Hillary Scholten (MI-03) announced that the Gerald R. Ford International Airport Authority (GRR) will receive $2,386,331 through the Federal Aviation Administration’s Airport Improvement Program (AIP). The grant will support key infrastructure improvements at the airport, ensuring safer, more efficient operations and long-term growth.

    “Gerald R. Ford International is a critical economic engine and a gateway to West Michigan. I’m proud to secure nearly $2.4 million to improve airport safety, extend the life of essential infrastructure, and help GRR keep pace with growing demand,” said Rep. Scholten. “These upgrades will help ensure GRR continues to operate safely and efficiently for years to come. I’ll keep fighting to bring more resources like this home to help West Michigan grow and thrive.”

    “We are incredibly grateful to Congresswoman Scholten and the Federal Aviation Administration for their continued support of the Gerald R. Ford International Airport and the West Michigan region,” said Tory Richardson, President and CEO of the Gerald R. Ford International Airport Authority. “This funding allows us to move forward with critical infrastructure projects that will enhance safety, improve efficiency, and support future growth. These investments help ensure we continue to deliver a world-class airport experience to our passengers, partners, and community.”

    Specifically, the grant will support Phase 1 design work for several infrastructure upgrades aimed at improving safety, extending the life of existing facilities, and increasing airport capacity to meet growing regional demand. The funding goes towards the rehabilitation of Taxiway V, which serves a vital role as a primary connection between the terminal apron and the airfield for commercial aircraft. Partial rehabilitation of the Taxiway will extend the useful life at least ten years while preserving the pavement for continued safe and efficient operations. 

    The grant also includes the full reconstruction of Taxiway D lighting, which will ensure reliability in operating the airport in a safe and efficient manner. Additionally, the grant will fund the extension of Taxiway L to accommodate more based aircraft, a move that will enhance operational efficiency and allow for future growth. GRR is currently at capacity for available airside development sites, and the construction of Taxilane L will allow for additional hangar developments. 

    As a member of the House Transportation and Infrastructure Committee, Scholten is committed to bringing federal investment back to Michigan’s Third Congressional District and strengthening the region’s transportation infrastructure. Scholten secured $15,017,605 in total funding for GRR in the FY24- 25 fiscal year. This grant was awarded by the U.S. Department of Transportation (DOT) and will be administered by the Federal Aviation Administration (FAA).

    ###

    MIL OSI USA News –

  • MIL-OSI USA: VIDEO: Ricketts Fights for a Prosperous America

    US Senate News:

    Source: United States Senator Pete Ricketts (Nebraska)

    WASHINGTON, D.C. – This week, during his weekly press call with Nebraska media, U.S. Senator Pete Ricketts (R-NE) discussed the One Big Beautiful Bill and his work to secure American prosperity.

    Watch the video here.

    ”It’s rare to have the opportunity to set an entire nation on a better course for generations.  The One Big Beautiful Bill does just that,” said Ricketts.  ”It prevents a $2,443 tax increase on the average Nebraska family.  It gives Nebraska families and businesses financial freedom and the ability to grow.  It avoids a $4 trillion tax increase on all Americans.”

    TRANSCRIPT:

    Senator Ricketts: “It’s rare to have the opportunity to set an entire nation on a better course for generations. 

    “The One Big Beautiful Bill does just that. 

    “It is truly a win for America and Nebraska. 

    “It preserves, protects, and fosters growth. 

    “It strengthens what makes America great. 

    “It reforms and reduces the waste and inefficiencies that weaken us. 

    “One of the most important parts of this bill is lowering taxes. 

    “It extends and makes permanent the 2017 Trump tax cuts. 

    “It leaves more money in the wallets of Nebraskans.  

    “It prevents a $2,443 tax increase on the average Nebraska family. 

    “It gives Nebraska families and businesses financial freedom and the ability to grow. 

    “It avoids a $4 trillion tax increase on all Americans. 

    “Across the country, the average family of four would have seen a $1,700 tax increase without the One Big Beautiful Bill. 

    “In the bill, the highest percentage of tax cuts goes to people making less than $50,000 a year. 

    “Firefighters, nurses, factory workers, and servers who make money on tips or overtime will be the biggest benefactors. 

    “Now, these workers won’t be taxed on the tips and overtime pay that they work extra hard to earn. 

    “Their employers—whether corporations or small businesses—receive incentives to provide workers with childcare. 

    “That’s in addition to a child tax credit that’s being raised to $2,200 per child. 

    “It’s combined with enhancement of the dependent care assistance program, which excludes up $7,500 of dependent care assistance each year. 

    “And topped off with the child and dependent care tax credit which increases the maximum credit rate from 35% to 50% of care costs. 

    “This means that families are supported as they raise their children and other dependents. 

    “More money for Nebraska families and their needs is a win for America’s future. 

    “Supporting small business and expanding job opportunity is another win for Nebraska’s future. 

    “The One Big Beautiful Bill also permanently extends the immediate deduction of research and development costs. 

    “It allows business owners to fully expense heavy machinery and equipment while increasing the dollar limits of expensing for business assets. 

    “These enhancements for investments toward innovation, equipment, and tools will help American manufacturers remain the world leaders. 

    “It also permanently raises the death tax exemption, allowing ranches and farms to stay in the family. 

    “These changes make it easier for Nebraska businesses to reinvest in their companies and pass them on to the next generation. 

    “This helps everyone from farmers and ranchers to manufacturers and restaurant owners. 

    “The One Big Beautiful Bill encourages investment, so America stays the leading innovator.  

    “This creates jobs and innovation. 

    “It rewards ingenuity and entrepreneurship. 

    “And it makes Nebraska companies more competitive on the global stage. 

    “The One Big Beautiful Bill will increase the take-home pay for all Nebraska families. 

    “According to the Council of Economic Advisers, average take-home pay will increase $9,050 per worker in the first four years of the law’s implementation. 

    “For the 2017 Tax Cuts and Jobs Act, the CEA estimated a $4,000 increase in average household wage and salary income. 

    “It will ensure that money stays with Nebraska taxpayers. 

    “It unleashes American dynamism. 

    “It helps Nebraska families and the American worker.  

    “It is indeed One Big Beautiful Bill.” 

    MIL OSI USA News –

  • MIL-OSI USA: Senate passes Kennedy, Cortez Masto bill to help Louisianians recover from natural disasters

    US Senate News:

    Source: United States Senator John Kennedy (Louisiana)
    WASHINGTON – The U.S. Senate passed Sens. John Kennedy (R-La.) and Catherine Cortez Masto (D-Nev.)’s bipartisan Filing Relief for Natural Disasters Act, which would provide relief for taxpayers in states that have issued state-level disaster declarations. The bill now moves to the president’s desk for signing.
    “When states like Louisiana are reeling from a hurricane, they can’t always wait around for Washington to act. I’m grateful to my colleagues for voting to pass the Filing Relief for Natural Disasters Act to make sure hard-hit communities can get important tax extensions without unnecessary delays,” said Kennedy.
    “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. This bipartisan legislation will ensure that anyone impacted by state-level emergencies can have some peace of mind when filling their taxes,” said Cortez Masto.
    Currently, the Internal Revenue Service has the authority to postpone tax filing deadlines following a presidentially declared federal disaster but not following a state-level emergency declaration. 
    The Filing Relief for Natural Disasters Act would allow the governor of a state or territory to extend a federal tax filing deadline following a state-declared emergency or natural disaster without waiting for a federal disaster declaration. This would allow states to provide federal tax extensions independent of the federal government’s involvement in an emergency or natural disaster.
    The bill would also expand the mandatory federal filing extension from 60 days to 120 days.
    Sens. Chris Van Hollen (D-Md.) and Marsha Blackburn (R-Tenn.) also cosponsored the bill.
    The full bill text is available here.

    MIL OSI USA News –

  • MIL-OSI: Beyond Holding: PFMCrypto Unleashes Next-Gen XRP Earnings Through AI Liquidity Mining

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 11, 2025 (GLOBE NEWSWIRE) — As the crypto market heats up and XRP edges toward the $2.3 milestone, PFMCrypto is redefining how everyday users and professionals earn mining rewards. The company has officially launched “XRP Liquidity Mining”, the world’s first AI-powered multi-asset cloud mining vault, enabling users to mine multiple cryptocurrencies simultaneously, while dynamically reallocating computing power to maximize real-time returns.
    Now live on both web and mobile platforms, this innovative service offers a fully automated crypto earnings strategy that mines XRP, BTC, DOGE, ETH, and other major assets. No hardware, technical setup, or prior experience is required—users can get started with just $10 and begin receiving stable daily payouts from day one.

    Why XRP Liquidity Mining Is a Game-Changer for Passive Crypto Income?
    Unlike traditional mining models that lock users into a single coin or fixed contract, PFMCrypto’s Liquidity Mining is powered by its proprietary AI engine, AURA. This intelligent system continuously analyzes key variables such as asset price, mining difficulty, network demand, and energy costs—automatically reallocating resources to the most profitable cryptocurrencies in real time.
    “Liquidity Mining is like putting your crypto earnings on autopilot,” said PFMCrypto’s CEO. “Whether XRP is surging or Bitcoin’s network adjusts, our system instantly adapts—ensuring your capital is always working at peak efficiency.”

    Key Features of PFMCrypto’s XRP Liquidity Mining:
    –  Multi-Asset Mining: A single deposit mines XRP, BTC, DOGE, ETH, and more.
    –  AI Revenue Optimization: Smart resource allocation for maximum daily yield.
    –  Low Entry Barrier: Start with just $10 (plus a $10 welcome bonus for new users).
    –  Stable Daily Returns: Earnings paid in stablecoins or your preferred crypto.
    –  Fully Cloud-Based: No mining rigs, no noise, no heat—100% remote access.
    –  Institutional-Grade Security: Multi-layer custody infrastructure to safeguard user assets.

    Investor Demand Surges as XRP Momentum Builds
    Ripple’s recent $125 million settlement with the U.S. SEC has revived investor confidence in XRP’s long-term prospects. Analysts are now forecasting a 95% likelihood of an XRP ETF approval by early Q4, potentially unlocking billions in institutional capital.
    “PFMCrypto’s XRP Liquidity Mining couldn’t be better timed,” said the company’s Chief Market Strategist. “This offering provides diversified exposure and stable income—without the volatility of direct trading.”

    Sample Liquidity Mining Plans:
    $100 Plan – 2-Day Term – Earn $3.00 per day (plus $2 bonus)
    $1,000 Plan – 9-Day Term – Earn $13.10 per day
    $5,000 Plan – 30-Day Term – Earn $78.50 per day
    $10,000 Plan – 40-Day Term – Earn $180.00 per day
    All contracts guarantee full principal return upon maturity, and users may withdraw profits instantly at any time—providing maximum flexibility with minimal risk.

    Trusted by Over 9.2 Million Users in 192 Countries
    Since its founding in 2018, PFMCrypto has earned a reputation for delivering high-performance, transparent mining solutions. Today, its platform supports over 9.2 million users globally, offering both beginners and institutions access to secure, AI-optimized passive income streams.

    Get Started with Liquidity Mining in 3 Simple Steps:
    1.  Sign Up – Create an account and receive a $10 welcome bonus.
    2.  Choose a Mining Plan – Select your preferred term and budget
    3.  Start Earning Daily – Sit back as PFMCrypto’s AI engine mines for you

    About PFMCrypto
    PFMCrypto is a global pioneer in AI-powered cloud mining and decentralized finance solutions. Founded in 2018, the platform enables remote mining for XRP, BTC, ETH, DOGE, LTC, and SOL—offering high-yield, low-risk opportunities for users across 192 countries.
    Start your smarter mining journey today: https://pfmcrypto.net 

    The MIL Network –

  • MIL-OSI Canada: Minister Champagne concludes visit to Italy and reiterates Canada’s unshakable support for Ukraine

    Source: Government of Canada News (2)

    July 11, 2025 – Rome, Italy – Department of Finance Canada

    In an increasingly dangerous and divided world, co-operation with reliable partners is more important than ever. Canada is building a new era of collaboration – one rooted in mutual support and resilient partnerships.

    The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, today concluded a productive visit to Rome, Italy, where he took part in the fourth Ukraine Recovery Conference and bilateral Canada-Italy discussions.

    The Conference unites world leaders behind the Ukrainian cause, and the shared imperative of guaranteeing a lasting support and reconstruction of Ukraine. To that end, Minister Champagne participated in the Ukraine Donor Platform ministerial meeting and met with several international partners to discuss Ukraine’s financing and recovery needs. The Minister chaired a major, high-level panel of global experts on ways to privately finance Ukraine’s reconstruction, in which he seized the occasion to announce the disbursement of a $200 million contribution to support Ukraine through the World Bank’s Facilitation of Resources to Invest in Strengthening (F.O.R.T.I.S.) Ukraine Financial Intermediary Fund. This disbursement fulfills Canada’s $5 billion total contribution under the G7 Extraordinary Revenue Allocation (ERA) loans mechanism.

    The forum was also an opportunity to advance shared priorities with international partners, particularly in energy production and security partnerships. Minister Champagne met with leading partners, namely the Deputy Prime Minister of the United Kingdom, the Italian and Ukrainian ministers of Finance, the President of the European Bank for Reconstruction and Development, the Governor of the Bank of Italy, and Chief Executive Officers of major Italian and Canadian financial and energy firms.

    The Minister and his Italian counterpart, Giancarlo Giorgetti, together visited Italy’s preeminent financial crime unit to learn best practices, in support of the G7 Financial Crime Call to Action agreed at the G7 Finance Ministers and Central Bank Governors Meeting in Banff, Alberta.

    Finally, the Minister will be meeting with the Vatican’s Secretary for Relations with States, His Excellency Archbishop Paul Gallagher, on Saturday.

    MIL OSI Canada News –

  • MIL-OSI Australia: ATO holds more GST fraudsters to account

    Source: New places to play in Gungahlin

    The Australian Taxation Office’s (ATO) hunt for GST fraudsters continues as four more individuals are sentenced following action of Operation Protego.

    These recent sentencings reinforce the ATO’s unwavering commitment in investigating and holding all offenders to account.

    ATO Deputy Commissioner and Serious Financial Crime Taskforce (SFCT) Chief John Ford said the ATO’s ability to detect and halt GST fraud is unwavering.

    ‘Our fraud detection and prevention capabilities are advanced thanks to partnerships, technologies, and risk models all working together to stay ahead of fraudsters and criminals,’ Mr Ford said.

    Included in these sentencings are individuals who, at the time of offending, were current employees and contractors at the ATO. Once their involvement was identified, their employment ceased.

    ‘We expect all staff to act with the highest levels of integrity and these individuals violated the trust placed in them by the community.’

    ‘The community rightly expects all ATO staff to act with the highest levels of integrity. Those who do not meet our values have no place at the ATO,’ Mr Ford said.

    Latest sentencing outcomes

    • Kim Orense was sentenced in Penrith District Court to 18 months’ imprisonment, to be released on recognizance after serving 10 months subject to conditions to be of good behaviour for 2 years and to accept the supervision and guidance of Community Corrections, for dealing in money or property that was and which Mr Orense believe to be the proceeds of indictable crime, contrary to subsection 400.4(1) of the Criminal Code (Cth). Between October 2021 and April 2022, 14 false business activity statements (BAS) were lodged in Mr Orense’s name, which resulted in him receiving $214,011 in fraudulent GST refunds. He transferred these funds to other bank accounts or associates, including Abigail Ussher, his former partner, who has also been sentenced. A search warrant conducted in June 2022 at Mr Orense’s residence found no business records, invoices, tools or equipment, that would suggest he was carrying out a house repair business that he claimed.
    • Abigail Ussher was sentenced in the Penrith District Court to 12 months’ imprisonment, to be released on recognisance after serving 5 months subject to conditions to be of good behaviour for 2 years and to accept the supervision and guidance of Community Corrections, for dealing in money or property that was and which Ms Ussher believed to be the proceeds of indictable crime, contrary to subsection 400.4(1) of the Criminal Code (Cth). In 2022, Ms Ussher lodged 3 original and 4 revised BAS and received $117,297 in refunds through an ABN she claimed was for a business that provided crime scene cleaning services. Upon receiving the funds, Ms Ussher transferred them to personal accounts, or other third parties. She transferred funds to Kim Orense, her former partner, who has also been sentenced. An investigation into Ms Ussher’s bank activity and a search warrant on her home concluded that she was not carrying out a business and therefore not entitled to the refunds she had claimed.
    • Former ATO employee Menuwarage Ranasinghe was sentenced at Adelaide Magistrates Court to 4 months’ imprisonment with an order that she be released immediately upon giving security by recognizance of $500 to comply with a condition that she must be of good behaviour for 18 months for three counts of the offence of obtaining a financial advantage by deception. Ms Ranasinghe lodged three BAS which misrepresented the creditable expenses incurred by her business and, as a result, obtained $16,056.00 in GST refunds.
    • Former ATO contractor Baby Dee Zearwie was sentenced at Melbourne County Court to 8 months’ imprisonment, and immediately released on a two-year recognizance release order for 1 count of obtaining a financial advantage by deception by joint commission and 1 count of obtaining financial advantage by deception. Ms Zearwie obtained $87,649.60 in fraudulent GST refunds. She was also ordered to make reparations of $23,709.43.

    These matters were prosecuted by the Office of the Director of Public Prosecutions (Cth)(CDPP) following a referral from the ATO.

    You can confidentially report suspected tax crime or fraud to us by making a tip-off online or calling 1800 060 062.

    For more information about Operation Protego including recent sentencings, visit ato.gov.au/protego.

    Notes to journalists

    • As part of Operation Protego, the ATO has applied treatment against more than 57,000 alleged offenders. Those involved in this fraud have already been handed in the order of $300 million in penalties and interest.
    • As at 30 June 2025, 122 people have been convicted with a range of sentencing outcomes, including jail terms of up to 7 years and 6 months and with orders made to restrain real property.
    • The ATO has finalised 64 investigations and referred 54 briefs of evidence to the Commonwealth Director of Public Prosecutions. The figures do not include investigations into former ATO staff.
    • A high-resolution headshot of Deputy Commissioner and Serious Financial Crime Taskforce Chief John Ford is available from the ATO media centre
    • ATO stock footage and images is available for download and use in news bulletins from the ATO media centre.

    MIL OSI News –

  • MIL-OSI United Kingdom: Make a splash and dive into summer of fun with Yo! Active

    Source: City of Wolverhampton

    Yo! Active is delivered by WV Active and Wolves Foundation and offers a wide range of free activities all year round to children and young people aged up to 18, or 25 for care leavers or those with a disability.

    Young residents whose family pay Council Tax to the City of Wolverhampton Council can take their pick from over 40 hours of free physical activity sessions per week, including free swimming, gym and court hire, multi sport sessions, basketball and special activities for the under 5s.

    There are also tailored sessions for school holidays, including the summer break – beginning next week with pool parties at WV Active Bilston-Bert Williams on Saturday 19 July and WV Active Central on Sunday 20 July.

    Other highlights over the following 6 weeks include family splash and dance sessions, water sports, SEND scoot and ride, ultimate frisbee, family multi sports and a Nerf Club. See the full timetable at Yo! Active – Summer Holiday Activities. 

    Councillor Obaida Ahmed, Cabinet Member for Health, Wellbeing and Community, said: “Yo! Active is a brilliant way to inspire our children and young people to take part in regular physical activities, with a fantastic range of free opportunities available – not only during the long summer holidays, but all year round.

    “Becoming more physically active can help improve heart health, build strong bones and muscles, control weight and reduce symptoms of anxiety and depression, and it’s also a great way to make new friends.  

    “Over 15,000 children and young people have already signed up to Yo! Active, and I’d encourage other youngsters, parents and guardians to check out what is on offer so that they don’t miss out.”

    Sign up for free now at Yo! Active.

    MIL OSI United Kingdom –

  • MIL-OSI Africa: Government to increase sexual offences courts 

    Source: Government of South Africa

    Government to increase sexual offences courts 

    Government is set to increase the national footprint of sexual offences courts as part of the fight against gender-based violence and femicide (GBVF).

    “Going forward, we will increase the national footprint of sexual offences courts, particularly in rural communities with additional 16 sexual offences courts to be established in line with the recent amendments to the law and two additional TCCs (Thuthuzela Care Centers). 

    “The Sexual Offences Courts shall assist to deal with the alarming figures of sexual violence in the country and offer support services that are tailor-made for the survivors of sex crime,” Justice and Constitutional Development Minister Mmamoloko Kubayi said.

    This as she tabled the Department of Justice and Constitutional Development Budget Vote on Wednesday.
    The Minister said that GBVF continues to devastate individuals and communities. 

    “We have a duty to do all that we can to protect the victims of gender-based violence, especially women and children. In this connection, the department has adopted a victim biased and victim centric approach which puts the victim first to avoid case bungling which gets perpetrators off the hook and secondary victimisation.”

    This as over the  2024-25 period, the National Prosecuting Authority (NPA) recorded 3 697 convictions in relation to sexual offence with over 79% convicted with direct imprisonment, while 44 147 victims were supported at the 66 TCCs across the country. 

    “In collaboration with [the] SAPS [South African Police Service], the DNA project has processed 60 518 DNA samples to track and deal with repeat sexual offenders and serial rapists.”

    Additionally, the department will ensure that all convicted sex offenders are registered in the National Register for Sexual Offenders (NRSO) and initiate a process to review legislation that is currently an inhibitor to the public release of this register. 

    The department further plans to ensure that protection orders are served by the clerk of the court on the respondent no later than 24 hours from the time the order is received by the clerk of the court.

    TRC matters 

    On matters related to the Truth and Reconciliation Commission (TRC), the Minister said it was important for all of society to work together to heal the divisions of the past. 

    “The TRC made recommendations and in June 2003, Parliament approved the granting of reparations to TRC identified victims in respect of final reparation in the form of a once-off grant of R30 000,00; medical benefits and other forms of social assistance; symbols and monuments; and rehabilitation of communities for purposes of contributing to healing the wounds of the past and restoring human dignity.”

    She added that the total amount paid to individuals as interim reparations stands at almost R53 million while the total amount paid for the final once-off individual grants is just below R500 million.

    In basic education, the total number of learners funded is 11934 and the payments made to the beneficiaries in respect of this reparation is about R137 million.

    The total number of students funded is 1922 and the payments made to the beneficiaries in respect of this reparation is R132 million.

    “[The] Gallows Exhumation project out of a total of 180 remains recovered including missing persons, gallows and other cases 76 have been handed over to families and will conclude two that are remaining this year.

    On TRC related criminal cases and inquest work, there are total of 158 separate investigations. There are a total seven reopened inquests, 10 formal inquests, six finalised inquests, four pending inquests and two convictions.

    “President Cyril Ramaphosa has established A Judicial Commission of Inquiry into allegations regarding efforts or attempts were made to stop the investigation or prosecution of the Truth and Reconciliation Commission cases to be chaired by retired Constitutional Court Judge Sisi Khampepe,” said the Minister.

    READ | President establishes commission of inquiry into delay in TRC cases

    The establishment of the commission of inquiry is part of an agreement reached in settlement discussions in a court application brought by families of victims of apartheid-era crimes. 

    Fighting fraud and corruption

    On matters related to the fight against fraud, the department will increase efforts towards disrupting and reducing the effects of organised crime through a multi-stakeholder approach. It will collaborate closely with key partners, including the SAPS, Directorate for Priority Crime Investigation (DPCI) and the South African Revenue Service (SARS). 

    “The Asset Forfeiture Unit (AFU) of the NPA successfully recovered over R3.9 billion in ill-gotten gains through the implementation of the Corporate Alternative Dispute Resolution mechanism, thus ensuring that persons and entities do not benefit from unlawful activities and corruption.”

    In the financial year 2024/25, the Special Investigation Unit (SIU) recovered a cash value of more than R833 million, assets to the value of R 1.3 billion, set aside irregular contracts worth R 5.6 billion and prevented potential loss to the state to tune R 2.7 billion.

    “The establishment of the Special Tribunal has allowed for expedited resolutions and substantial recovery for the state, showcasing the Unit’s effectiveness. The SIU will also enhance its anti-corruption through among others establishing a dedicated Lifestyle Audit Unit as a permanent capability to enhance its mandate in detecting unexplained wealth and preventing corrupt practices.”

    “This initiative includes the acquisition of an advanced lifestyle audit analytics tool that will increase efficiency and enable high-quality, evidence-based reporting. The Unit will ensure protection of whistle-blowers and SIU personnel integral to upholding the integrity of anti-corruption efforts,” said Kubayi. –SAnews.gov.za 

    Neo

    MIL OSI Africa –

  • MIL-OSI Africa: African Development Bank’s Johannesburg Deal Signals a New Era in City-Led Urban Investment (By Bleming Nekati)

    Source: APO

     Bleming Nekati is the Regional Head for Private Sector Operations in Southern Africa at the African Development Bank (www.AfDB.org).

    In June 2025, a quiet but important decision marked a real turning point in African urban finance. The African Development Bank’s Board of Directors approved a ZAR 2.5 billion ($139 million) corporate loan for the City of Johannesburg, marking the first time the Bank has extended financing without a sovereign guarantee to a subnational government in Africa.

    This funding will have a direct and tangible impact on the daily lives of Johannesburg residents by strengthening basic services and expanding economic opportunities. Residents can expect fewer power outages, improved water supply, more efficient waste collection, and increased industrial productivity, all of which contribute to broader economic growth. Importantly, these improvements are being financed through a more sustainable, market-based model that reduces reliance on national subsidies.

     The deal is more than just a funding breakthrough; it validates the growing view among investors and development professionals alike that, when well-managed, African cities can and should access capital markets on their own terms.

    A Market-Ready Metropolis

    Johannesburg isn’t just South Africa’s largest city. It is a major economic hub and powerhouse. With $67 billion in economic output, and housing at least 6.44 million residents, the city generates more wealth than many African countries.

    However, like many fast-growing African cities, the City of Johannesburg is under pressure.

    Legacy infrastructure is aging. Its electricity and water systems suffer significant losses, at rates exceeding 30% and 46%, respectively. Sanitation and waste services are overwhelmed, particularly in underserved communities. Population growth is intensifying these challenges. Yet these constraints also represent opportunities: Johannesburg has unmet demand, real scale, and crucially, a clear willingness to reform.

    From Municipal Risk to Bankable Asset

    Historically, African municipalities have struggled to attract direct capital investment due to legal constraints and concerns about credit risk. The City of Johannesburg has now defied this trend through a decade of governance, budgeting, and financial reforms that have strengthened its independently verified credit profile and inspired investor confidence.

    The African Development Bank loan is tied to over 100 capital projects spanning four critical sectors:

    • Electricity: Grid upgrades, smart meters, renewables, and 3,200 new household connections
    • Water & Sanitation: Pipeline repair, water treatment, and a plan to reduce losses to 37%
    • Solid Waste: More efficient collection, landfill upgrades, and recycling expansion
    • Revenue-Generating Utilities: All investments are linked to tariff-backed revenue streams for repayment

    Economic Stimulus with Returns

    The infrastructure program is designed to deliver both economic and social returns:

    • Job Creation: Nearly 2,900 construction jobs and 592 permanent roles, with gender and youth inclusion targets
    • Procurement Opportunity: ZAR 500 million in contracts allocated to SMEs, half to youth-owned businesses
    • Productivity Gains: More reliable services for industrial users support operational efficiency
    • Service Equity: 160,000 low-income households will receive improved access to utilities

    The partnership has embedded strong governance practices into the program, including independent oversight, transparent procurement, and financial safeguards, key criteria for future capital access.

    Momentum Beyond the City of Johannesburg

    While the City of Johannesburg may be the first African city to secure a non-sovereign guaranteed loan from the African Development Bank, it is not alone in its efforts to achieve financial independence. Other cities, such as Dakar, Cape Town, Nairobi, and Kigali, have also made significant progress towards attaining more autonomy and accountability in their financing mechanisms.

    These cities share a common understanding that urban growth must be matched by fiscal capability, and that capital markets, not subsidies, will drive the next generation of infrastructure investments.

    Investor Takeaway: Cities Are the Next Frontier

     Johannesburg’s breakthrough isn’t just a local success; it’s a signal to the market. African cities are increasingly proving themselves as bankable partners. For investors, lenders, and infrastructure firms, the rise of creditworthy municipalities is an untapped opportunity.

    The trend is clear: well-managed cities are evolving from mere service providers. They are also infrastructure clients, capital partners, and engines of inclusive economic growth.

    As Africa continues to urbanize, cities such as Johannesburg are showing that the future of investment is increasingly rooted in local contexts. When the appropriate financial architecture is established, cities are well-positioned to lead and drive sustainable development.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media files

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    MIL OSI Africa –

  • MIL-OSI Submissions: IRS says churches may endorse political candidates despite a decades-old federal statute barring them from doing that

    Source: The Conversation – USA (3) – By Lloyd Hitoshi Mayer, Professor of Law, University of Notre Dame

    Former New York Gov. Andrew Cuomo speaks at a church in Harlem during his failed campaign to become the Democratic nominee in the 2025 New York City mayoral race. Mostafa Bassim/Anadolu via Getty Images

    Churches and other houses of worship can endorse political candidates without risking the loss of their tax-exempt status, the Internal Revenue Service said in a legal document the tax-collection agency filed on July 7, 2025. This guidance is at odds with a law Congress passed more than 70 years ago that’s known as the Johnson Amendment and applies to all charitable nonprofits, whether they are secular or religious.

    The Conversation U.S. asked Lloyd Hitoshi Mayer, a law professor who has studied the regulation of churches’ political activities, to explain what this statute is, how the IRS seeks to change its purview and why this matters.

    What’s the Johnson Amendment?

    The Johnson Amendment is a provision that Lyndon B. Johnson added to a tax bill passed by Congress in 1954, when he was a senator. It says that any charity that wants to be tax-exempt under section 501(c)(3) of the Internal Revenue Code cannot “participate in, or intervene in … any political campaign on behalf of … any candidate for public office.” In the U.S., all houses of worship are designated as charities by the IRS.

    The IRS has interpreted the Johnson Amendment for more than 70 years to mean that charities cannot speak in favor of political candidates or take any other action that supports or opposes them.

    The IRS is prohibited from publicly disclosing audits of specific tax-exempt nonprofits under taxpayer privacy laws, so there’s no way to know the extent to which the law has been enforced. The public only learns about audits tied to possible Johnson Amendment violations if the nonprofit discloses that information or the IRS revoked their tax-exempt status.

    However, the IRS did conduct a broad enforcement campaign in the 2000s known as the Political Activity Compliance Initiative. The reports it issued for 2004 and 2006 stated that it had audited hundreds of charities, including churches, for possible Johnson Amendment violations. The IRS generally found that most violations were minor and often inadvertent – warranting no more than a warning letter.

    It’s unknown whether any nonprofits lost their tax-exempt status as a result of this initiative, which the IRS appears to have ended in 2008.

    There’s only one known instance of a church losing its tax-exempt status because it violated the Johnson Amendment. In that case, a church in Binghamton, New York, published full-page newspaper ads criticizing Bill Clinton during his 1992 presidential campaign.

    Why does the Trump administration want to change its enforcement?

    The National Religious Broadcasters, two churches and another religious nonprofit sued the IRS in 2024, challenging the constitutionality of the Johnson Amendment on First Amendment free speech and free exercise of religion grounds and on Fifth Amendment due process grounds. The plaintiffs also argued that applying the Johnson Amendment to religious nonprofits violated the federal Religious Freedom Restoration Act.

    The plaintiffs and the IRS filed a joint motion on July 7 to settle the case. They asked the U.S. District Court for the Eastern District of Texas to order the IRS not to enforce the Johnson Amendment against the two church plaintiffs. They also asked the court to incorporate in its order a statement that the Johnson Amendment does not apply to “speech by a house of worship to its congregation, in connection with religious services through its customary channels of communication on matters of faith, concerning electoral politics viewed through the lens of religious faith.”

    This represents the first time the IRS has said there’s an exception to the Johnson Amendment for houses of worship. While lawmakers have periodically sought to repeal or modify the statute, neither chamber of Congress has ever passed such legislation.

    President Donald Trump asserted during his first term that he had “gotten rid of” the Johnson Amendment. But that referred to his 2017 executive order that directed the Treasury Department – to which the IRS belongs – to respect freedom of religion with respect to religious organizations speaking about political issues as “consistent with law.”

    Under the IRS interpretation of the Johnson Amendment at the time, it would not have been consistent with law for churches or other religious nonprofits to support or oppose candidates for elected public office.

    How might the IRS treat religious political activity differently?

    If the court approves this new joint motion, that order will only apply to the two churches that are plaintiffs in the case – not other religious nonprofits or the National Religious Broadcasters that joined them in suing the IRS. But the filing tells other houses of worship that the IRS will not enforce the Johnson Amendment against them for speech to their congregations, at least not during the Trump administration.

    I think that the government may have a hard time applying this exception for several reasons.

    The IRS will have to determine when a charity is a “church,” the term the IRS uses for a house of worship of any faith. That has become increasingly difficult in recent years, as some organizations that stretch the conventional definition of a church have won IRS recognition as such.

    The IRS will also have to clarify what constitutes speech made “in connection with religious services” and what are “customary channels of communication.” For example, it’s unclear whether inviting a political candidate to address the congregation about how their religious faith relates to their candidacy falls within the exception.

    Donald Trump participates in a community roundtable at a church in Detroit during his successful 2024 presidential campaign.
    Jim Watson/AFP via Getty Images

    Will only conservative politicians benefit?

    Establishing this exception does not necessarily give conservative politicians any advantages.

    It is true that recent attempts to repeal or modify the Johnson Amendment are associated with conservative Christian groups such as the Alliance Defending Freedom, which represented the plaintiffs in this lawsuit.

    But historically, many progressive houses of worship have also pushed against the Johnson Amendment, including Black churches that often serve as political as well as religious centers for their communities.

    A Texas Tribune and ProPublica investigation documented apparent violations of the Johnson Amendment in the 2022 midterm elections by almost 20 churches in Texas from across the political spectrum. Interestingly, most of the church leaders involved were aware of the amendment.

    Many said they were not violating it because they avoided explicitly endorsing candidates, while at the same time clearly expressing their support for specific candidates by, for example, praying for an individual who was identified to the congregation as a candidate.

    How could this new guidance change political campaigning?

    Americans generally don’t want to see churches get involved in politics, including majorities in most denominations. Nonetheless, church leaders of all stripes who were already inclined to support particular candidates will probably feel emboldened to explicitly endorse candidates when preaching to their congregations.

    There are two ways that this new exception could do more than that.

    First, it isn’t limited to sermons by pastors, priests, rabbis, imams and other religious leaders. It extends to any speech to a house of worship’s congregation “in connection with religious services through its customary channels of communication on matters of faith.” It therefore almost certainly includes church bulletins and other written materials distributed as part of a religious service.

    What’s less clear is whether “customary channels of communication” includes people who watch religious services streamed over the internet or on TV, rather than just those who attend services in person.

    Second, the change will increase pressure on church leaders to support candidates.

    For example, George W. Bush’s 2004 campaign reportedly sought to recruit thousands of congregations to distribute campaign information. It’s natural to expect such efforts to multiply and become more direct for both Democratic and Republican candidates from now on.

    And church leaders will also likely face pressure from politically active congregants to endorse candidates, and have a harder time resisting it.

    Lloyd Hitoshi Mayer previously worked at the law firm of Caplin & Drysdale, Chartered, including when the firm represented All Saints Episcopal Church of Pasadena, California with respect to an IRS audit of the church for allegedly violating the Johnson Amendment. He was not personally involved in this representation.

    – ref. IRS says churches may endorse political candidates despite a decades-old federal statute barring them from doing that – https://theconversation.com/irs-says-churches-may-endorse-political-candidates-despite-a-decades-old-federal-statute-barring-them-from-doing-that-260854

    MIL OSI –