Category: Trade

MIL-OSI: Trisura Group Reports First Quarter 2025 Results

Source: GlobeNewswire (MIL-OSI)

TORONTO, May 01, 2025 (GLOBE NEWSWIRE) — Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU), a leading specialty insurance provider, today announced financial results for the first quarter of 2025.

David Clare, President and CEO of Trisura, stated,

“In Q1 Trisura reported a strong Operating ROE of 18.4% driven by Operating net income of $34.2 million or $0.70 per share. Growth, profitable underwriting, and higher Net investment income demonstrates consistent execution of our strategy.

Profitable underwriting resulted in a quarterly Combined ratio of 82.7%, alongside strong growth of 28.1% in our Primary lines. We continued expanding US Surety, reaching 33 state licenses in our Treasury-listed entity while broadening rate filings and building relationships with key distribution partners.

Growth and strong earnings lifted book value to a new record of $820 million, with a conservative 10.7% debt-to-capital underscoring flexibility and capacity for growth.”

Highlights

Operating ROE⁽¹⁾ of 18.4% was strong, reflecting profitability from core operations, while ROE⁽¹⁾ was 15.0% in the quarter.
BVPS⁽²⁾ of $17.16 increased 23.5% over Q1 2024 demonstrating consistent expansion in book value.
Operating net income⁽³⁾ was $34.2 million in the quarter, which increased over the prior year as a result of growth in the business. Net income of $29.0 million was lower than Q1 2024 primarily as a result of higher Net gains on the investment portfolio in Q1 2024 and the impact of movements in the yield curve in the quarter.
Operating EPS⁽¹⁾ of $0.70 in the quarter increased by 2.9% demonstrating the strength of core operations⁽⁴⁾ through continued growth and profitability. EPS of $0.60 in the quarter decreased from Q1 2024 primarily as a result of higher Net gains on the investment portfolio in Q1 2024 and the impact of movements in the yield curve in the quarter.
Combined ratio⁽¹⁾ for the quarter was 82.7%, reflecting a strong underwriting performance across the portfolio.
GPW⁽²⁾ of $711.7 million, decreased by 1.6% compared to Q1 2024, primarily as a result of non-renewed programs in US Programs during 2024, offset by growth in our Primary lines⁽⁵⁾. Trisura’s Primary lines grew by 28.1% in the quarter, which are the lines of business that contribute most meaningfully to Underwriting income⁽³⁾.
Net investment income growth of 8.6% in the quarter was driven by a larger investment portfolio.

	Q1 2025	Q1 2024	$ variance		% variance
GPW	711,671	723,130	(11,458	)	(1.6%	)
Net insurance revenue⁽³⁾	172,711	153,054	19,657		12.8%

Underwriting income	29,862	29,359	503		1.7%
Net investment income	18,197	16,753	1,444		8.6%

Operating net income	34,170	33,188	982		3.0%
Net income	28,990	36,433	(7,443	)	(20.4%	)

Loss ratio⁽¹⁾	31.5%	31.6%	n/a		(0.1pts)
Expense ratio⁽¹⁾	51.2%	49.2%	n/a		2.0pts
Combined ratio	82.7%	80.8%	n/a		1.9pts

OEPS – diluted – in dollars	0.70	0.68	0.02		2.9%
EPS – diluted – in dollars	0.60	0.75	(0.15	)	(20.0%	)
BVPS – in dollars	17.16	13.89	3.27		23.5%
Debt-to-capital ratio⁽²⁾	10.7%	10.2%	n/a		0.5pts
Operating ROE	18.4%	20.0%	n/a		(1.6pts)
ROE	15.0%	15.3%	n/a		(0.3pts)

Insurance Operations

Net insurance revenue of $172.7 million, increased by 12.8% compared to Q1 2024, reflecting growth in the business, driven by growth in our Primary Lines.
Underwriting income of $29.9 million, increased by 1.7% compared to Q1 2024 due to growth in the business and foreign exchange movement, offset by a higher Combined ratio.
The consolidated Combined ratio was 82.7% for the quarter reflecting a higher Loss ratio at Trisura Specialty offset by a shift in the business mix to Trisura Specialty which typically has a higher Expense ratio but a lower Loss ratio.

Investments

Net investment income rose 8.6% in the quarter compared to Q1 2024. The portfolio benefited from growth in the business.

Capital

The Minimum Capital Test ratio⁽⁶⁾ of our regulated Canadian subsidiary was 273% as at March 31, 2025 (276% as at December 31, 2024), which comfortably exceeded regulatory requirements⁽⁷⁾ of 150%.
As at December 31, 2024, the Risk-Based Capital⁽⁸⁾ of the regulated US insurance companies were in excess of the various company action levels of the states in which they are licensed.
Consolidated debt-to-capital ratio of 10.7% as at March 31, 2025 is below our long-term target of 20.0%.

Earnings Conference Call

Trisura will host its First Quarter Earnings Conference Call to review financial results at 9:00a.m. ET on Friday, May 2^nd, 2025.

To listen to the call via live audio webcast, please follow the link below:

https://edge.media-server.com/mmc/p/tzhsg4ir

A replay of the call will be available through the link above.

About Trisura Group

Trisura Group Ltd. is a specialty insurance provider operating in the Surety, Warranty, Corporate Insurance, Program and Fronting business lines of the market. Trisura has investments in wholly owned subsidiaries through which it conducts insurance operations. Those operations are primarily in Canada and the United States. Trisura Group Ltd. is listed on the Toronto Stock Exchange under the symbol “TSU”.

Further information is available at http://www.trisura.com. Important information may be disseminated exclusively via the website. Investors should consult the site to access this information. Details regarding the operations of Trisura Group Ltd. are also set forth in regulatory filings. A copy of the filings may be obtained on Trisura Group’s SEDAR+ profile at www.sedarplus.ca.

For more information, please contact:

Name: Bryan Sinclair

Tel: 416 607 2135

Email: bryan.sinclair@trisura.com

Non-IFRS Financial Measures and other Financial Measures

We report certain financial information using non-IFRS financial measures, non-IFRS ratios and supplementary financial measures that we use to measure and evaluate the performance of our business. Non-IFRS financial measures do not have standardized meanings prescribed by IFRS and may not be comparable to similar measures used by other companies in our industry. They are used by management and financial analysts to assess our performance.

Further, they provide users with an enhanced understanding of our results and related trends and increase transparency and clarity into the core results of the business.

These metrics are operating performance measures that highlight trends in our core business or are required ratios used to measure compliance with OSFI and other regulatory standards. Our Company also believes that securities analysts, investors and other interested parties use these operating metrics to compare our Company’s performance against others in the specialty insurance industry. Our Company’s management also uses these operating metrics and other financial measures in order to facilitate operating performance comparisons from period to period. Such operating metrics and other financial measures should not be considered as the sole indicators of our performance and should not be considered in isolation from, or as a substitute for, analysis of our financial statements prepared in accordance with IFRS. For more information about these supplementary financial measures, Non-IFRS financial measures, and Non-IFRS ratios, including definitions and explanations of how these measures provide useful information, refer to Section 8 – Accounting and Disclosure matters in our Q1 2025 MD&A , which is available on our website at http://www.trisura.com and on SEDAR+ at www.sedarplus.ca.

Table 1 – Reconciliation of Operating net income to reported Net income and OEPS: reflect Net income, adjusted for certain items to normalize earnings to core operations in order to reflect our North American specialty operations.

	Q1 2025		Q1 2024
Operating net income	34,170		33,188
Impact of Exited lines	111		–
Loss from run-off program	–		(3,714	)
Impact of movement in yield curve in Net insurance finance income (expenses)	(3,569	)	437
Impact of SBC	1,199		(2,923	)
Net (gains) losses	(4,547	)	10,446
Tax impact of above items	1,626		(1,001	)
Non-operating results, net of tax	(5,180	)	3,245
Net income	28,990		36,433

Operating net income	34,170		33,188
Weighted-average number of common shares outstanding – diluted (in thousands of shares)	48,472		48,456
Operating EPS – diluted (in dollars)	0.70		0.68

Table 2 – Reconciliation of Insurance service result to Underwriting income – Consolidated

Financial statements line item			1		2	3		4		5		6		7	MD&A line item
For the three months ended March 31, 2025
Insurance revenue	779,606		(601,048	)	–	–		–		(5,847	)	–		–	172,711		Net insurance revenue
Insurance service expenses	(585,213	)	444,725		5,461	(10,649	)	(6,478	)	5,736		3,569		–	(142,849	)	Sum of Net claims ($54,345) and Net expenses ($88,504)
Net income (expenses) from reinsurance contracts assets	(156,323	)	156,323		–	–		–		–		–		–	–		n/a
Insurance service result	38,070		–		5,461	(10,649	)	(6,478	)	(111	)	3,569		–	29,862		Underwriting income
For the three months ended March 31, 2024
Insurance revenue	744,266		(594,773	)	–	–		–		–		–		3,561	153,054		Net insurance revenue
Insurance service expenses	(580,940	)	466,895		5,345	(10,853	)	(3,858	)	–		(437	)	153	(123,695	)	Sum of Net claims ($48,406) and Net expenses ($75,289)
Net income (expenses) from reinsurance contracts assets	(127,878	)	127,878		–	–		–		–		–		–	–		n/a
Insurance service result	35,448		–		5,345	(10,853	)	(3,858	)	–		(437	)	3,714	29,359		Underwriting income

Reconciling items in the table above:
1	Net of reinsurance impact
2	Other income
3	Other operating expenses related to Trisura Specialty and Trisura US Programs
4	Net insurance finance income (expenses)
5	Impact of Exited lines
6	Movement in yield curve in Net insurance finance income (expenses)
7	Loss from run-off program

Table 3 – ROE and Operating LTM ROE: a measure of the Company’s use of equity.

	Q1 2025	Q1 2024
LTM net income	111,472	89,398
LTM average equity	742,056	583,798
ROE	15.0%	15.3%
Operating LTM net income	136,831	116,819
Operating LTM ROE	18.4%	20.0%

Table 4 – Reconciliation of Average equity⁽⁹⁾to LTM average equity: LTM average equity is used in calculating Operating ROE.

	Q1 2025	Q1 2024
Average equity	741,016	587,336
Adjustments: days in quarter proration	1,040	(3,538	)
LTM average equity	742,056	583,798

Table 5 – Combined ratio – Consolidated: Combined ratio is used to evaluate underlying profitability relative to Net insurance revenue in a given period.

	Q1 2025		Q1 2024
Net insurance revenue, as presented in Table 2	172,711		153,054
Net claims, as presented in Table 2	(54,345	)	(48,406	)
Net expenses, as presented in Table 2	(88,504	)	(75,289	)
Underwriting income	29,862		29,359

Loss ratio	31.5%		31.6%
Expense ratio	51.2%		49.2%
Combined ratio	82.7%		80.8%

Footnotes

(1) These are non-IFRS ratios. Non-IFRS ratios are not standardized under the financial reporting framework used to prepare the financial statements of the Company to which the ratio relates and might not be comparable to similar ratios disclosed by other companies. See Section 8, Accounting and Disclosure matters in our Q1 2025 MD&A for details on composition, as well as each non-IFRS financial measure used as a component of the ratio, and an explanation of how it provides useful information to an investor.

(2) This is a supplementary financial measure. See Section 8, Accounting and Disclosure matters in our Q1 2025 MD&A for details on composition and an explanation of how it provides useful information to an investor.

(3) These are non-IFRS financial measures. Non-IFRS financial measures are not standardized financial measures under the financial reporting framework used to prepare the financial statements of the Company to which the measure relates and might not be comparable to similar financial measures disclosed by other companies. See Section 8, Accounting and Disclosure matters in our Q1 2025 MD&A for details on composition and an explanation of how it provides useful information to an investor.

(4) See Section 8, Accounting and Disclosure matters in our Q1 2025 MD&A for the definition of Operating Net Income, and for further explanation of “core operations”.

(5) Primary lines are lines of insurance business such as Surety, Corporate Insurance, and Warranty.

(6) This measure is calculated in accordance with the Office of the Superintendent of Financial Institutions Canada’s (OSFI’s) Guideline A, Minimum Capital Test.

(7) This target is in accordance with OSFI’s Guideline A-4, Regulatory Capital and Internal Capital Targets.

(8) This measure is calculated in accordance with the National Association of Insurance Commissioners, Risk Based Capital for Insurers Model Act.

(9) Average equity is calculated as the sum of opening equity and closing equity over the last twelve months, divided by two.

Cautionary Statement Regarding Forward-Looking Statements and Information

Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of our Company and its subsidiaries, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods, and include words such as “expects,” “likely,” “anticipates,” “plans,” “believes,” “estimates,” “seeks,” “intends,” “targets,” “projects,” “forecasts”, “potential” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may,” “will,” “should,” “would” and “could”.

Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of our Company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.

Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: the impact or unanticipated impact of general economic, political and market factors in the countries in which we do business; the behaviour of financial markets, including fluctuations in interest and foreign exchange rates; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; insurance risks including pricing risk, concentration risk and exposure to large losses, and risks associated with estimates of loss reserves; strategic actions including dispositions; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the ability to appropriately manage human capital; the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation within the countries in which we operate; governmental investigations; litigation; changes in tax laws; changes in capital requirements; changes in reinsurance arrangements and availability and cost of reinsurance; ability to collect amounts owed; catastrophic events, such as earthquakes, hurricanes or pandemics; the possible impact of international conflicts and other developments including terrorist acts and cyberterrorism; risks associated with reliance on distribution partners, capacity providers and program administrators; third party risks; risk that models used to manage the business do not function as expected; climate change risk; risk of economic downturn; risk of inflation; risks relating to cyber-security; risks relating to credit ratings; and other risks and factors detailed from time to time in our documents filed with securities regulators in Canada.

We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements and information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, our Company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.

Cautionary Non-IFRS and Other Financial Measures

Reported results conform to generally accepted accounting principles (GAAP), in accordance with IFRS. In addition to reported results, our Company also presents certain financial measures, including non-IFRS financial measures that are historical, non-IFRS ratios, and supplementary financial measures, to assess results. Non-IFRS financial measures, such as operating net income, are utilized to assess the Company’s overall performance. To arrive at operating results, our Company adjusts for certain items to normalize earnings to core operations, in order to reflect our North American specialty operations. Non-IFRS ratios include a non-IFRS financial measure as one or more of its components. Examples of non-IFRS ratios include operating diluted earnings per share and operating ROE. The Company believes that non-IFRS financial measures and non-IFRS ratios provide the reader with an enhanced understanding of our results and related trends and increase transparency and clarity into the core results of the business. Non-IFRS financial measures and non-IFRS ratios are not standardized terms under IFRS and, therefore, may not be comparable to similar terms used by other companies. Supplementary financial measures depict the Company’s financial performance and position, and are explained in this document where they first appear, and incorporates information by reference to our Company’s current MD&A, for the three months ended March 31, 2025. To access MD&A, see Trisura’s website or SEDAR+ at www.sedarplus.ca. These measures are pursuant to National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure.

The MIL Network –

May 2, 2025

MIL-OSI: Bimini Capital Management Announces First Quarter 2025 Results

Source: GlobeNewswire (MIL-OSI)

VERO BEACH, Fla., May 01, 2025 (GLOBE NEWSWIRE) — Bimini Capital Management, Inc. (OTCQB: BMNM), (“Bimini Capital,” “Bimini,” or the “Company”), today announced results of operations for the three-month period ended March 31, 2025.

First Quarter 2025 Highlights

Net income of $0.6 million, or $0.06 per common share
Book value per share of $0.74
Company to discuss results on Friday, May 2, 2025, at 10:00 AM ET

Management Commentary

Commenting on the first quarter results, Robert E. Cauley, Chairman and Chief Executive Officer, said, “While economic data and events generally are never uniformly stable or consistent, the first quarter of 2025 was relatively uneventful. Interest rates were generally range bound, and volatility was low for most of the quarter. These are ideal conditions for a levered investment strategy in Agency RMBS. Accordingly, the Company and the Agency RMBS market generated attractive returns for the period. Orchid Island Capital’s stock also traded well during the quarter – at least until the last week of the quarter. Orchid was able to take advantage of these conditions and the performance of its common stock price and raise additional capital, enhancing the Company’s advisory service revenues going forward.

“Although we did not add to the RMBS portfolio at our Royal Palm Capital subsidiary this quarter we did several times during 2024, and with funding costs down as a result of Fed rates cuts late in 2024, our net interest income, inclusive of dividends from our holdings of Orchid, increased substantially.

“While the first quarter market conditions were very supportive of our two operating segments, conditions so far in the second quarter have been challenging. At the moment, there remains considerable uncertainty about how the tariffs introduced by the new administration will ultimately impact the economy and markets. To the extent the economy slows, leading to potential additional rate cuts by the Fed, and/or longer-term interest rates rise as a result of the inflationary impacts of the tariffs, both the Company’s investment portfolio as well as Orchid’s could benefit from enhanced net interest margins resulting from the steeper interest rate curve.”

Details of First Quarter 2025 Results of Operations

Orchid reported net income for the first quarter 2025 of $17.1 million and generated a 2.60% return on its book value for the quarter – not annualized. Orchid also raised $205.4 million during the quarter and its shareholders equity increased from $668.5 million at December 31, 2024 to $855.9 million at March 31, 2025. As a result, Bimini’s advisory service revenues of approximately $3.6 million represented a 22% increase over the first quarter of 2024 and a 6% increase over the fourth quarter of 2024.

Royal Palm did not add to the RMBS portfolio during the first quarter of 2025 but did so several times during 2024, and interest revenue increased 25% over the first quarter of 2024 and 4% over the fourth quarter of 2024. With funding costs down as a result of Fed rates cuts late in 2024, net interest income, inclusive of dividends from holdings of Orchid common shares, increased approximately 64% over the first quarter of 2024 and by approximately 35% over the fourth quarter of 2024. Note these figures represent just the net interest income from the investment portfolio, and do not include interest charges on our trust preferred or other long-term debt.

Interest charges on the preferred trust and other long-term debt of $0.54 million were down 8% from the fourth quarter of 2024 and 12% from the first quarter of 2024. Expenses of $2.92 million increased 4% from the fourth quarter of 2024 and decreased 3% from the first quarter of 2024. Bimini recorded an income tax provision of $0.2 million for the first quarter of 2025.

Management of Orchid Island Capital, Inc.

Orchid is managed and advised by Bimini. As Manager, Bimini is responsible for administering Orchid’s business activities and day-to-day operations. Pursuant to the terms of a management agreement, our subsidiary, Bimini Advisors, provides Orchid with its management team, including its officers, along with appropriate support personnel. Bimini also maintains a common stock investment in Orchid which is accounted for under the fair value option, with changes in fair value recorded in the statement of operations for the current period. For the three months ended March 31, 2025, Bimini’s statement of operations included a fair value adjustment of $(0.1) million and dividends of $0.2 million from its investment in Orchid common stock. Also, during the three months ended March 31, 2025, Bimini recorded $3.6 million in advisory services revenue for managing Orchid’s portfolio, consisting of $2.7 million of management fees, $0.6 million in overhead reimbursement, and $0.2 million in repurchase, clearing and administrative fees.

Book Value Per Share

The Company’s book value per share on March 31, 2025 was $0.74. The Company computes book value per share by dividing total stockholders’ equity by the total number of shares outstanding of the Company’s Class A Common Stock. At March 31, 2025, the Company’s stockholders’ equity was $7.4 million, with 10,005,457 Class A Common shares outstanding.

Capital Allocation and Return on Invested Capital

The Company allocates capital between two MBS sub-portfolios, the pass-through MBS portfolio and the structured MBS portfolio, consisting of interest-only and inverse interest-only securities. The table below details the changes to the respective sub-portfolios during the quarter.

Portfolio Activity for the Quarter
				Structured Security Portfolio
							Inverse
	Pass			Interest-			Interest-
	Through			Only			Only
	Portfolio			Securities			Securities			Sub-total			Total
Market Value – December 31, 2024	$	120,055,716		$	2,285,605		$	6,849		$	2,292,454		$	122,348,170
Securities purchased		–			–			–			–			–
Return of investment		n/a			(77,876	)		(346	)		(78,222	)		(78,222	)
Pay-downs		(2,793,832	)		n/a			n/a			n/a			(2,793,832	)
Discount accreted due to pay-downs		19,415			n/a			n/a			n/a			19,415
Mark to market gains		1,423,056			45,169			1,368			46,537			1,469,593
Market Value – March 31, 2025	$	118,704,355		$	2,252,898		$	7,871		$	2,260,769		$	120,965,124

The tables below present the allocation of capital between the respective portfolios at March 31, 2025 and December 31, 2024, and the return on invested capital for each sub-portfolio for the three-month period ended March 31, 2025. Capital allocation is defined as the sum of the market value of securities held, less associated repurchase agreement borrowings, plus cash and cash equivalents and restricted cash associated with repurchase agreements. Capital allocated to non-portfolio assets is not included in the calculation.

Capital Allocation
				Structured Security Portfolio
							Inverse
	Pass			Interest-			Interest-
	Through			Only			Only
	Portfolio			Securities			Securities			Sub-total			Total
March 31, 2025
Market value	$	118,704,355		$	2,252,898		$	7,871		$	2,260,769		$	120,965,124
Cash equivalents and restricted cash		5,500,438			–			–			–			5,500,438
Repurchase agreement obligations		(115,510,999	)		–			–			–			(115,510,999	)
Total	$	8,693,794		$	2,252,898		$	7,871		$	2,260,769		$	10,954,563
% of Total		79.4	%		20.5	%		0.1	%		20.6	%		100.0	%
December 31, 2024
Market value	$	120,055,716		$	2,285,605		$	6,849		$	2,292,454		$	122,348,170
Cash equivalents and restricted cash		7,422,746			–			–			–			7,422,746
Repurchase agreement obligations		(117,180,999	)		–			–			–			(117,180,999	)
Total	$	10,297,463		$	2,285,605		$	6,849		$	2,292,454		$	12,589,917
% of Total		81.8	%		18.2	%		0.1	%		18.2	%		100.0	%

The returns on invested capital in the PT MBS and structured MBS portfolios were approximately 4.6% and 3.7%, respectively, for the three months ended March 31, 2025. The combined portfolio generated a return on invested capital of approximately 4.4%.

Returns for the Quarter Ended March 31, 2025
				Structured Security Portfolio
							Inverse
	Pass			Interest-			Interest-
	Through			Only			Only
	Portfolio			Securities			Securities			Sub-total			Total
Interest income (net of repo cost)	$	397,204		$	38,427		$	43		$	38,470		$	435,674
Realized and unrealized gains		1,442,471			45,169			1,368			46,537			1,489,008
Hedge losses		(1,368,795	)		n/a			n/a			n/a			(1,368,795	)
Total Return	$	470,880		$	83,596		$	1,411		$	85,007		$	555,887
Beginning capital allocation	$	10,297,463		$	2,285,605		$	6,849		$	2,292,454		$	12,589,917
Return on invested capital for the quarter⁽¹⁾		4.6	%		3.7	%		20.6	%		3.7	%		4.4	%

)

Calculated by dividing the Total Return by the Beginning Capital Allocation, expressed as a percentage.

Prepayments

For the first quarter of 2025, the Company received approximately $2.9 million in scheduled and unscheduled principal repayments and prepayments, which equated to a 3-month constant prepayment rate (“CPR”) of approximately 7.3%. Prepayment rates on the two MBS sub-portfolios were as follows (in CPR):

	PT	Structured
	MBS Sub-	MBS Sub-	Total
Three Months Ended	Portfolio	Portfolio	Portfolio
March 31, 2025	7.5	6.2	7.3
December 31, 2024	10.9	12.5	11.1
September 30, 2024	6.3	6.7	6.3
June 30, 2024	10.9	5.5	10.0
March 31, 2024	18.0	9.2	16.5

Portfolio

The following tables summarize the MBS portfolio as of March 31, 2025 and December 31, 2024:

($ in thousands)
							Weighted
			Percentage				Average
			of		Weighted		Maturity
	Fair		Entire		Average		in	Longest
Asset Category	Value		Portfolio		Coupon		Months	Maturity
March 31, 2025
Fixed Rate MBS	$	118,704	98.1	%	5.60	%	338	1-Jan-55
Structured MBS		2,261	1.9	%	2.86	%	279	15-May-51
Total MBS Portfolio	$	120,965	100.0	%	5.27	%	337	1-Jan-55
December 31, 2024
Fixed Rate MBS	$	120,056	98.1	%	5.60	%	341	1-Jan-55
Structured MBS		2,292	1.9	%	2.85	%	281	15-May-51
Total MBS Portfolio	$	122,348	100.0	%	5.26	%	340	1-Jan-55

($ in thousands)
	March 31, 2025				December 31, 2024
			Percentage of				Percentage of
Agency	Fair Value		Entire Portfolio		Fair Value		Entire Portfolio
Fannie Mae	$	31,705	26.2	%	$	32,692	26.7	%
Freddie Mac		89,260	73.8	%		89,656	73.3	%
Total Portfolio	$	120,965	100.0	%	$	122,348	100.0	%

	March 31, 2025		December 31, 2024
Weighted Average Pass Through Purchase Price	$	102.72	$	102.72
Weighted Average Structured Purchase Price	$	4.48	$	4.48
Weighted Average Pass Through Current Price	$	100.85	$	99.63
Weighted Average Structured Current Price	$	14.02	$	13.71
Effective Duration ⁽¹⁾		3.257		3.622

)

Effective duration is the approximate percentage change in price for a 100 basis point change in rates. An effective duration of 3.257 indicates that an interest rate increase of 1.0% would be expected to cause a 3.257% decrease in the value of the MBS in the Company’s investment portfolio at March 31, 2025. An effective duration of 3.622 indicates that an interest rate increase of 1.0% would be expected to cause a 3.622% decrease in the value of the MBS in the Company’s investment portfolio at December 31, 2024. These figures include the structured securities in the portfolio but not the effect of the Company’s hedges. Effective duration quotes for individual investments are obtained from The Yield Book, Inc.

Financing and Liquidity

As of March 31, 2025, the Company had outstanding repurchase obligations of approximately $115.5 million with a net weighted average borrowing rate of 4.47%. These agreements were collateralized by MBS with a fair value, including accrued interest, of approximately $121.4 million. At March 31, 2025, the Company’s liquidity was approximately $4.5 million, consisting of unpledged MBS and cash and cash equivalents.

We may pledge more of our structured MBS as part of a repurchase agreement funding but retain cash in lieu of acquiring additional assets. In this way, we can, at a modest cost, retain higher levels of cash on hand and decrease the likelihood that we will have to sell assets in a distressed market in order to raise cash. Below is a list of outstanding borrowings under repurchase obligations at March 31, 2025.

($ in thousands)
Repurchase Agreement Obligations
					Weighted		Weighted
	Total				Average		Average
	Outstanding		% of		Borrowing		Maturity
Counterparty	Balances		Total		Rate		(in Days)
South Street Securities, LLC	$	25,952	22.5	%	4.46	%	21
Marex Capital Markets Inc.		24,040	20.8	%	4.45	%	39
DV Securities, LLC Repo		19,282	16.7	%	4.45	%	21
Mirae Asset Securities (USA) Inc.		18,870	16.3	%	4.51	%	51
Clear Street LLC		16,365	14.2	%	4.46	%	49
Mitsubishi UFJ Securities, Inc.		11,002	9.5	%	4.49	%	49
	$	115,511	100.0	%	4.47	%	36

Summarized Consolidated Financial Statements

The following is a summarized presentation of the unaudited consolidated balance sheets as of March 31, 2025, and December 31, 2024, and the unaudited consolidated statements of operations for the three months ended March 31, 2025 and 2024. Amounts presented are subject to change.

BIMINI CAPITAL MANAGEMENT, INC. CONSOLIDATED BALANCE SHEETS (Unaudited – Amounts Subject to Change)

	March 31, 2025		December 31, 2024
ASSETS
Mortgage-backed securities	$	120,965,124	$	122,348,170
Cash equivalents and restricted cash		5,500,438		7,422,746
Orchid Island Capital, Inc. common stock, at fair value		4,279,414		4,427,372
Accrued interest receivable		587,536		601,640
Deferred tax assets, net		15,750,116		15,930,953
Other assets		4,356,674		4,122,776
Total Assets	$	151,439,302	$	154,853,657

LIABILITIES AND STOCKHOLDERS’ EQUITY
Repurchase agreements	$	115,510,999	$	117,180,999
Long-term debt		27,362,762		27,368,158
Other liabilities		1,191,564		3,483,093
Total Liabilities		144,065,325		148,032,250
Stockholders’ equity		7,373,977		6,821,407
Total Liabilities and Stockholders’ Equity	$	151,439,302	$	154,853,657
Class A Common Shares outstanding		10,005,457		10,005,457
Book value per share	$	0.74	$	0.68

BIMINI CAPITAL MANAGEMENT, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited – Amounts Subject to Change)

	Three Months Ended March 31,
	2025			2024
Advisory services	$	3,582,289		$	2,929,261
Interest and dividend income		1,947,040			1,598,965
Interest expense		(1,844,020	)		(1,815,678	)
Net revenues		3,685,309			2,712,548
Other (expense) income		(27,745	)		926,731
Expenses		2,924,157			3,029,395
Net income before income tax provision		733,407			609,884
Income tax provision		180,837			396,776
Net income	$	552,570		$	213,108

Basic and Diluted Net (Loss) Income Per Share of:
CLASS A COMMON STOCK	$	0.06		$	0.02
CLASS B COMMON STOCK	$	0.06		$	0.02

	Three Months Ended March 31,
Key Balance Sheet Metrics	2025			2024
Average MBS⁽¹⁾	$	121,656,646		$	90,697,087
Average repurchase agreements⁽¹⁾		116,345,999			85,752,999
Average stockholders’ equity⁽¹⁾		7,097,692			8,234,295

Key Performance Metrics
Average yield on MBS⁽²⁾		5.73	%		6.15	%
Average cost of funds⁽²⁾		4.49	%		5.63	%
Average economic cost of funds⁽³⁾		4.13	%		5.54	%
Average interest rate spread⁽⁴⁾		1.24	%		0.52	%
Average economic interest rate spread⁽⁵⁾		1.60	%		0.61	%

(1	)	Average MBS, repurchase agreements and stockholders’ equity balances are calculated using two data points, the beginning and ending balances.
(2	)	Portfolio yields and costs of funds are calculated based on the average balances of the underlying investment portfolio/repurchase agreement balances and are annualized for the quarterly periods presented.
(3	)	Represents interest cost of our borrowings and the effect of derivative agreements attributed to the period related to hedging activities, divided by average repurchase agreements.
(4	)	Average interest rate spread is calculated by subtracting average cost of funds from average yield on MBS.
(5	)	Average economic interest rate spread is calculated by subtracting average economic cost of funds from average yield on MBS.

About Bimini Capital Management, Inc.

Bimini Capital Management, Inc. invests primarily in, but is not limited to investing in, residential mortgage-related securities issued by the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Government National Mortgage Association (Ginnie Mae). Its objective is to earn returns on the spread between the yield on its assets and its costs, including the interest expense on the funds it borrows. In addition, Bimini generates a significant portion of its revenue serving as the manager of the MBS portfolio of, and providing certain repurchase agreement trading, clearing and administrative services to, Orchid Island Capital, Inc.

Forward Looking Statements

Statements herein relating to matters that are not historical facts are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. The reader is cautioned that such forward-looking statements are based on information available at the time and on management’s good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in such forward-looking statements. Important factors that could cause such differences are described in Bimini Capital Management, Inc.’s filings with the Securities and Exchange Commission, including Bimini Capital Management, Inc.’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Bimini Capital Management, Inc. assumes no obligation to update forward-looking statements to reflect subsequent results, changes in assumptions or changes in other factors affecting forward-looking statements, except as may be required by applicable law.

Earnings Conference Call Details

An earnings conference call and live audio webcast will be hosted Friday, May 2, 2025, at 10:00 AM ET. Participants can register and receive dial-in information at https://register-conf.media-server.com/register/BIa731c864bb5447568e7b00d74642ab23. A live audio webcast of the conference call can be accessed at https://edge.media-server.com/mmc/p/cq5fazei or via the investor relations section of the Company’s website at https://ir.biminicapital.com. An audio archive of the webcast will be available on the website for 30 days after the call.

CONTACT:
Bimini Capital Management, Inc.
Robert E. Cauley, 772-231-1400
Chairman and Chief Executive Officer
https://ir.biminicapital.com

The MIL Network –

May 2, 2025

MIL-OSI Economics: Steering Committee of Partenariat pour le Coton addresses priorities for cotton sector

Source: WTO

Headline: Steering Committee of Partenariat pour le Coton addresses priorities for cotton sector

Participants focused on translating identified needs into actionable investment opportunities and presented findings from national and regional consultations. They also validated the terms of reference of the Partenariat, including its membership framework, geographical scope and core functions.
In his opening remarks, WTO Deputy Director-General Jean-Marie Paugam emphasized the importance of strengthening the cotton–textile–garment value chains in the C-4+ countries through increased value addition, expanded trade opportunities and sustainable development outcomes. He noted that the objective of the meeting was threefold: to present the national and regional reports emerging from the consultations; to highlight national priorities and investment needs; and to explore the technical assistance and financing options proposed by financial institutions in response to these findings. His full remarks (in French) are here.
Ms Kanayo Awani, Afreximbank’s Executive Vice President for Intra-African and Export Development, underscored the need to address issues relating to low yields and processing capacity, climate change, climate variability, market fluctuations, global cotton prices, and limited infrastructure and technology, which hinder productivity and efficiency. To be able to upgrade and integrate into the global cotton value chain, the C-4+ countries need these issues to be tackled, she said.
Over the two-day gathering, the Steering Committee engaged in thematic sessions on sustainable practices in cotton production and on financing mechanisms for value chain development aligned with the outcomes of the national consultations. A high-level panel explored strategies to unlock investment for cotton industrialization and local transformation in the C-4+ region.
The meeting concluded with forward-looking discussions on supporting C-4+ priorities, including the establishment of a dedicated C-4+ Partenariat Support Fund to facilitate participation in capacity-building activities and key international meetings. Participants also discussed preparations for the upcoming World Cotton Day, to be hosted in October 2025 by Chad in collaboration with the International Trade Centre (ITC).
Attendees included representatives from the WTO, United Nations Industrial Development Organization (UNIDO),the International Labour Organization (ILO), Better Cotton (BC), the African Development Bank (AfDB), FIFA, the International Atomic Energy Agency (IAEA) and the International Cotton Advisory Committee (ICAC). Also present were representatives of the International Finance Corporation (IFC), the International Trade Centre (ITC), the United Nations Office on Drugs and Crime (UNODC), and development partners such as China and the European Union, as well as representatives of the C-4+ countries.
The next opportunity to carry forward these discussions will be the Director-General’s Consultative Framework Mechanism on Cotton meeting scheduled for 14 May in Geneva.

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MIL OSI Economics –

May 2, 2025
MIL-OSI Economics: Agriculture Chair urges innovative approaches to move talks forward

Source: World Trade Organization

The Chair reported on the consultations he held with various groups and individual members since he assumed the role as Chair on 1 April. He said that divergences in views continue to persist on how the shared goal of making progress on agriculture talks can be translated into a meaningful MC14 outcome. However, while MC14 might not be the conclusion of members’ efforts, it should result in a meaningful step forward. The credibility of the WTO depends on its ability to respond to real-world challenges, particularly in the current turbulent international context, he said.

Moving forward, Ambassador Hussain encouraged members to engage constructively in an attempt to narrow differences and explore solutions. He committed to facilitating this effort through dialogue across all groups upon request. He noted that meetings of the Committee on Agriculture in Special Session (CoASS) will be held as needed to promote transparency and inclusivity. These meetings will serve to update members, allow feedback and share progress.

Ambassador Hussain said he intends to pursue in the coming weeks his consultations in various configurations, starting with proponents on the various topics, to explore how concrete progress can be made on their topics of interest in a pragmatic and effective manner.

The Chair also indicated that there will not be a facilitator-led process for now, but more technical discussions may be launched if needed. This phase will culminate in a stocktaking session after the summer, likely in late September or early October, to evaluate progress and collectively decide on the way forward and the expected outcome, setting the stage for final negotiations ahead of MC14.

Members overall expressed support for the process outlined by Ambassador Hussain, urging a focus on achievable MC14 outcomes and aiming at a clear roadmap post-MC14 for more detailed negotiations. Innovative approaches in Geneva were advocated, avoiding ineffective past methods. Members also underlined the importance of the upcoming retreat on sustainable agriculture on 5-6 May, and of future meetings of the Committee on Agriculture, which should contribute to maximizing the effectiveness of discussions ahead of concrete ministerial action in 2026.

Several members highlighted the on-going joint work between the Cairns Group of agricultural exporting economies and the African Group as a promising example of substantive discussions aimed at narrowing gaps. The two groups reported that since their last update to members in February, they have continued discussions, together with others, on a draft package that could form the basis of CoASS negotiations. These discussions aim to identify and work through areas of difference, identify and build on commonalities and make progress on a draft modalities package across all topics.

The two groups noted that the goal is to continue this technical work and submit a document to CoASS for the membership’s consideration and further work. The process has been designed so that ideas can be put on the table and assessed without prejudice to final positions, in an effort to facilitate a constructive dialogue. Members participating in the process are doing so on the basis that there is no commitment to any elements where convergence may develop until an overall package that is satisfactory to all is reached, they said.

Public stockholding and the Special Safeguard Mechanism

Members held dedicated sessions on public stockholding (PSH) for food security purposes and on the Special Safeguard Mechanism (SSM) to have more focussed discussions on these topics.

The Chair reported on his recent consultations, noting that he sensed a political will from many delegations to engage constructively on finding a way forward on PSH. However, significant disagreements remain, particularly regarding the sequencing of negotiations and concerns about expanding domestic support, he said. The concern about the impact of the current trade context on efforts to make meaningful progress was expressed by several members.

The proponents stressed that securing a permanent solution on PSH was increasingly urgent, as it remained critical to global food security amid growing economic uncertainties and potential disruptions to food supply chains.

Ambassador Hussain stressed that “there is no alternative to frank exchanges to achieve meaningful progress” on the key issue of PSH. He expressed his confidence that progress can be made “if we shift from fixed positions to shared solutions.”

On SSM, discussions also reflected that members continue to hold different views regarding the linkage between SSM and market access. Given how important this file is for many developing economies, and the need to achieve a balanced outcome at MC14, the Chair urged members to think creatively to help break the impasse. He suggested identifying a pragmatic approach to foster a substantive technical dialogue on the various components of a potential SSM outcome.

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MIL OSI Economics –

May 2, 2025
MIL-OSI Economics: Déclaration d’ouverture du Président de la réunion du Comité directeur du Partenariat pour le coton

Source: WTO

Headline: Opening statement by the Chair of the meeting of the Steering Committee of the Partnership for Cotton

S.E. Professeur Oramah, Président d’Afreximbank,S.E. Mme Alimatou Shadiya ASSOUMAN, Ministre du Commerce et de l’Industrie, BéninCher Eric Trachtenberg, Directeur exécutif du Comité consultatif international du coton,Cher Gunther Berger, Directeur général, ONUDIChère Mme Kanayo Awani, Vice-présidente exécutive, Commerce intra-africain et Développement des exportations, AfreximbankExcellences, distingués collègues, partenaires et parties prenantes,Mesdames et Messieurs
Au nom de la Directrice générale de L’Organisation mondiale du commerce, Ngozi et en mon nom personnel, je vous souhaite la bienvenue à cette réunion du Comité de pilotage du Partenariat pour le Coton.
Je vous présente toutes mes excuses de ne pouvoir être présent physiquement avec vous au Caire comme c’était initialement prévu.
Je reste pleinement engagé dans le travail important que nous menons ensemble dans le cadre du Partenariat, et je me réjouis à l’avance des résultats de vos échanges.
Permettez-moi de remercier chaleureusement les autorités égyptiennes et l’Afreximbank pour leur accueil et l’organisation de cette réunion importante.
Mes remerciements s’adressent bien sur également à nos partenaires de l’ONUDI, pour leur rôle moteur dans notre partenariat, ainsi qu’à l’ensemble de ceux qui y participent — gouvernements, organisations internationales, institutions financières, et acteurs du secteur privé — au premier rang desquels nous reconnaissons tous les pays du C4, qui en sont les inspirateurs et portent la cause de l’économie du coton depuis près d’un quart de siècle à l’OMC.
Pour nos discussions des deux prochains jours, notre objectif est clair : trouver les moyens de renforcer les chaînes de valeur du secteur coton–textile–habillement dans les pays du C4 «+»: le Bénin, le Burkina Faso, le Tchad, le Mali et la Côte d’Ivoire, en créant davantage de valeur ajoutée, en élargissant les opportunités commerciales, et en assurant des résultats de développement durables.
Concrètement, il s’agira de :
Présenter les rapports nationaux et celui régional issus des différentes consultations dans les pays du C4+ ;
Identifier les priorités nationales ainsi que les besoins en matière d’assistance technique et de financement des investissements ;
Échanger sur les mesures de soutien et les options de financement proposées par les institutions financières, sur la base des rapports issus des consultations nationales.
Cette réunion du Comité de pilotage se tient à un moment charnière, au terme d’un travail collectif considérable de mise à jour de l’état des lieux de la filière coton et des enjeux de notre Partenariat. En juin 2024, le Comité de pilotage a validé les conclusions d’une étude de référence menée par l’ONUDI, avec l’appui du Centre du Commerce International. En septembre 2024, des consultations nationales se sont tenues sur cette base dans les cinq pays du C-4+. Ces consultations ont permis d’identifier les priorités du secteur coton-textile-habillement, sur lesquelles des présentations vous seront faites dans un instant.
L’enthousiasme autour du Partenariat, la diversité des parties prenantes et institutions représentées ici aujourd’hui, les perspectives prometteuses que laissent espérer les études nationales ainsi, la mobilisation des institutions financières, montrent une dynamique tournée vers l’action.
C’est cette dynamique que nous voulons nourrir, avec déjà, en ligne de mire, l’échéance de la prochaine conférence ministérielle de l’OMC, au printemps 2026, qui se tiendra en terre africaine, à Yaoundé, et pourrait représenter une nouvelle étape pour notre mobilisation.
C’est en nous plaçant dans cette perspective optimiste que j’ouvre la réunion de notre comité de pilotage. Je forme le vœu que nos échanges au cours de ces deux journées soient porteurs de résultats concrets pour l’industrialisation et la transformation locale du coton dans les pays partenaires.
Nous pourrons rapporter ces résultats aux membres de l’OMC lors de notre prochaine discussion sur le coton, prévue le 14 mai à l’OMC, qui abordera toutes les problématiques auxquelles fait face l’industrie cotonnière dans les pays du C4 et les autres pays en développement.
Je vous remercie de votre attention et cède à présent la parole à Son Excellence Madame Kanayo Awani, Vice-Présidente exécutive du Commerce intra-africain et du Développement des exportations à Afreximbank.
A très bientôt à Genève.

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MIL OSI Economics –

May 2, 2025
MIL-OSI: XRP News: XploradDEX $XP Token Explodes 1,500% in 24 Hours — Market Cap Quadruples as FOMO Grips XRP Traders
Source: GlobeNewswire (MIL-OSI)

ZURICH, Switzerland, May 01, 2025 (GLOBE NEWSWIRE) — XploraDEX’s native token, $XPL, has sent shockwaves across the XRP ecosystem after surging over 1,500% in just 24 hours. From a humble market cap of $70K at launch, $XPL has now ballooned to over $288K, sparking an aggressive wave of buying activity and cementing its place as one of the most explosive DeFi launches on the XRP Ledger to date.

Buy $XPL on MagneticX Exchange

Massive Momentum: 24-Hour Snapshot
- 24H Price Change: +1,500%
- 24H Low: 0.00000411 XRP
- 24H High: 0.000172 XRP
- Market Cap: $288,000 (from a $70K launch)
- 24H Volume: 8,100 XRP
- Listed on 132 exchanges
XPL’s jaw-dropping performance has ignited widespread FOMO among XRP traders and DeFi enthusiasts. Since going live on MagneticXc, the token has seen relentless upward price pressure, with new buyers flooding in as it enters its first wave of price discovery.

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Why This Rally Is Different

This isn’t a typical meme pump or hype play. $XPL is the gateway to XploraDEX, the first AI-powered decentralized exchange on XRPL. Unlike many tokens that launch with vague promises, XploraDEX is already delivering real utility, including:
- AI-integrated trading dashboards
- Smart order execution and automation tools
- Staking and yield opportunities
- Governance and protocol voting
- Launchpad access for future XRPL projects
The token’s early success is being driven by real utility, cutting-edge technology, and a strong community of early believers who understand the long-term upside of AI-enabled DeFi on one of the world’s fastest blockchains.

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The Community Is On Fire

Telegram is buzzing. Trading pairs on MagneticXc are heating up. And wallets are connecting in record numbers. With 132 exchanges already listing $XPL and 24-hour volume exceeding 8K XRP, the market is clearly responding.

Early adopters have already seen 15x gains. But with a modest $288K market cap, analysts believe $XPL may just be getting started. As XploraDEX rolls out its staking pools and governance portal in the coming days, more buying pressure could follow.

Purchase $XPL on MagneticX

The FOMO is real—and rising.

If you missed the presale, this is your chance to enter before the next wave pushes the price even higher. The market cap is still under $300K, leaving massive upside potential as more users discover the utility behind $XPL.

Buy $XPL on MagneticX: https://xmagnetic.org/swap/XPL+rGdwJSadiYfRZcq51A1CKzLmQ4yuBVcYgy_XRP+XRP?network=mainnet

Stay connected and Join the XploraDEX AI Revolution

Website | Buy $XPL on DEX | X | Telegram

Contact:
Oliver Muller
oliver@xploradex.io
contact@xploradex.io

Disclaimer: This press release is provided by the XploraDEX. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.
Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

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Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/4d69a130-b380-4c88-8126-5b6fb453f1f5

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The MIL Network –
May 2, 2025
MIL-OSI Asia-Pac: Directorate General of Training, MSDE announces admissions for Craft Instructor Training Scheme (CITS) Courses for the academic year 2025-26 at NSTIs and IToTs

Source: Government of India

Posted On: 01 MAY 2025 5:56PM by PIB Delhi

The Directorate General of Training (DGT), under the Ministry of Skill Development and Entrepreneurship (MSDE), Government of India, has announced the admission schedule for the Craft Instructor Training Scheme (CITS) enrolment for the academic session 2025-26.

Aspirants, who possess an NTC (National Trade Certificate), NAC (National Apprenticeship Certificate), Diploma, or Degree qualification, or are appearing for the final year qualifying examinations (NTC/NAC/Diploma/Degree) can apply online at the official website— www.nimionlineadmission.in — between 8th May 2025 and 28th May 2025. Admissions will be based on the All-India Common Entrance Test (AICET), which will be conducted in a Computer-Based Test (CBT) mode across multiple centers nationwide. The examination is scheduled for 15th June 2025.

The selected candidates will be offered training across 41 trades — comprising 28 engineering trades and 13 non-engineering trades — at National Skill Training Institutes (NSTIs) and Institutes for Training of Trainers (IToTs) across India. Under CITS, 45,025 trainers have been trained in the last five years, between 2019 and 2024.

The Craft Instructor Training Scheme (CITS) is designed to train instructor trainees comprehensively, covering both technical skills and training methodologies. The program ensures that instructors are well-versed in techniques for effectively transferring hands-on skills, with the aim of producing skilled manpower for the industry. The National Council for Vocational Education & Training (NCVET), as an imperative, deems it suitable that all trainers in Industrial Training Institutes (ITIs) are CITS-certified.

***

Beena Yadav/ Shahbaz Hasibi

(Release ID: 2125829) Visitor Counter : 50

MIL OSI Asia Pacific News –

May 2, 2025
MIL-OSI USA: Commerce Committee Unanimously Passes Sullivan-Whitehouse FISH Act to Combat Illegal Foreign Seafood Harvest
US Senate News:
Source: United States Senator for Alaska Dan Sullivan

05.01.25

WASHINGTON—U.S. Senators Dan Sullivan (R-Alaska) and Sheldon Whitehouse (D-R.I.) thanked their colleagues on the Senate Commerce, Science & Transportation Committee for unanimously passing their Fighting Foreign Illegal Seafood Harvest (FISH) Act yesterday. The FISH Act would combat foreign illegal, unreported and unregulated (IUU) fishing by blacklisting offending vessels from U.S. ports and waters, bolstering the U.S. Coast Guard’s enforcement capabilities and partnerships, and advancing international and bilateral negotiations to achieve enforceable agreements and treaties. The legislation is cosponsored by Sens. Lisa Murkowski (R-Alaska) and Roger Wicker (R-Miss.).

[embedded content]

“The geopolitics of the North Pacific and the Arctic are changing dramatically, with Russia and China increasing their aggression and ruinous activities near Alaska’s waters,” said Sen. Sullivan. “One particularly insidious threat is Chinese and Russian fishing fleets that ignore basic seafood harvest rules and best practices, and ravage fish stocks without regard for any other users or future generations. These grey fleets, which literally utilize slave labor in many cases, are a cancer on fisheries throughout the world and undercut our fishermen, who fish sustainably. I want to thank my Commerce Committee colleagues for unanimously passing our FISH Act and fighting back against IUU fishing on behalf of our fishermen and coastal communities.”

“I thank Senator Sullivan, my longtime partner on oceans issues, for his leadership in shepherding the bipartisan FISH Act through the Commerce Committee. Our bill cracks down on illegal pirate fishing operations to level the playing field for Rhode Island fishermen and processors who play by the rules, and will help nurture the fisheries that keep our oceans and coastal communities so healthy and vibrant,” said Sen. Whitehouse, co-founder of the Senate Oceans Caucus.

The FISH Act builds on prior landmark legislation against IUU fishing, including the Maritime SAFE Act, authored by Senators Wicker and Chris Coons (D-Del.) and signed into law in December 2019 as part of the National Defense Authorization Act.

Key provisions of the FISH Act:
- Direct the National Oceanic and Atmospheric Administration (NOAA) to establish a blacklist of foreign vessels and owners that have engaged in IUU fishing.
- Direct the administration to address IUU fishing in any relevant international agreement.
- Direct the U.S. Coast Guard to increase its work with partner countries and increase at-sea inspection of foreign vessels suspected of IUU fishing.
- Direct the administration to report to Congress on how new technologies can aid in the fight against IUU fishing, the complexities of the seafood trade relationship between Russia and China, and the economic costs of IUU fishing to the U.S.
On April 17, President Trump signed an executive order, “Restoring American Seafood Competitiveness,” directing the Secretary of Commerce, U.S. Trade Representative (USTR), and Interagency Seafood Trade Task Force to assess seafood competitiveness issues and collectively develop a comprehensive seafood trade strategy. Among these strategies, the USTR will examine the relevant trade practices of major seafood-producing nations, including IUU fishing and the use of forced labor in the seafood supply chain.

Senators Sullivan and Whitehouse have worked together extensively on ocean sustainability issues, most notably on the Save Our Seas 2.0 Act, the most comprehensive legislation ever to address the global marine debris crisis, which became law in 2020.
MIL OSI USA News –
May 2, 2025
MIL-OSI: The Search Is on for 2025’s Most Investible Canadian Cleantech Ventures
Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) — Foresight Canada is now accepting applications for its fifth annual Foresight 50, a comprehensive spotlight on the 50 most investible cleantech companies across Canada to investors around the world. The initiative highlights companies with solutions to tackle the world’s biggest environmental and economic challenges.

Since 2021, the Foresight 50 program has been instrumental in connecting promising Canadian cleantech ventures with a global network of investors, ensuring crucial injections of capital to multiply the impact of their solutions. Collectively, past honourees have raised over $2.25B in capital, fueling the growth of innovative solutions that enhance productivity in key global industries and accelerate Canada’s transition to a prosperous future economy.

Companies selected for the Foresight 50 will benefit from:
- Investor networking: Opportunities to connect with relevant investment firms.
- International public relations: Increased visibility through Foresight-led media campaign.
- Participation in the Foresight 50 Showcase: An in-person celebration for networking and investor connections.
- Invite-only Investor Forum: Exclusive access to networking and panel sessions on the future of cleantech capital.
Foresight 50’s panel of judges is composed of leading cleantech investors, including: Olivia Hornby (Spring Impact Capital), Moien Giashi (GreenSky Ventures), Cheri Corbett (BDC), Nikhil Nayer (Rogue Insight Capital), and Dania Moazzam (RBCx). These investors will select this year’s 50 ventures based on their investability, potential economic and job growth impact, leadership team, environmental impact, and probability of success. Winners will be announced at the ceremony in Calgary, November 2025.

Who Should Apply?

Canadian cleantech ventures with strong leadership, a clear growth trajectory, and a bold vision for environmental and economic impact. Foresight is looking for:
- Companies across all cleantech sectors—from clean energy and sustainable agriculture to carbon capture and beyond.
- Ventures at any funding stage, from seed to post-Series B.
- Teams seeking strategic connections with international investors.
- Innovators looking for visibility, credibility, and accelerated growth on the global stage.
Submit your application by June 30, 2025.

Quotes

“Marking our fifth year of celebrating cleantech through our Foresight 50 underscores a vital reality: shining a bold spotlight on groundbreaking Canadian innovation is crucial now more than ever. Their ingenuity is beyond inspiring; they are the engine driving clean productivity across our nation, building a stronger and more sustainable future economy for Canada and the world.” —Jeanette Jackson, CEO, Foresight Canada

About Foresight Canada:

Foresight Canada helps the world do more with less, sustainably. As Canada’s largest cleantech innovation and adoption accelerator, they connect public and private sectors to the world’s best clean technologies, de-risking and simplifying the adoption of innovative solutions that improve productivity, profitability, and economic competitiveness, all while addressing today’s most urgent climate challenges.

The 2025 Foresight 50 Showcase is presented by Foresight Canada and Export Development Canada (EDC). Media sponsor: Carbon Life Media.

Image: 2024 Foresight 50 Honourees, Carbon Life Media.

Heather Kingdon
Communications Manager
Foresight Canada
hkingdon@foresightcac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/03d7b8db-fd67-4010-b7f9-793e643e7fc3

The MIL Network –
May 2, 2025
MIL-OSI: Best Tribal Loans For Bad Credit Direct Lenders Guaranteed Approval – IOnline Payday Loans
Source: GlobeNewswire (MIL-OSI)

SHERIDAN, Wyo., May 01, 2025 (GLOBE NEWSWIRE) — Tribal loans are credit products offered by tribal lenders, typically based on Native American reservations. These lenders operate under tribal laws rather than the laws of the state in which the consumer resides. Tribal loans can encompass various types, including short-term loans, payday loans, installment loans, and personal loans.

>> Click Here to Apply for No Credit Check Loans >>

While there are benefits to tribal loans for bad credit, such as less stringent eligibility requirements and faster approval times, they are often associated with high-interest rates and fees that may be considered predatory.

This article provides an in-depth look at tribal loans for credit direct lenders, explaining how they function, their potential advantages, as well as their disadvantages and risks. It also details the application process for tribal payday loans and offers guidance on selecting the best options, including a review of IOnline Payday Loans, a well-known tribal loan brand.
Key Takeaways:

Tribal loans are a specific type of loan that is available to individuals with bad credit.

These loans differ from traditional loans as a tribal loans direct lender guaranteed approval

provides them and have different application requirements.

IOnline Payday Loans is a trusted brand that stands out for providing tribal loans online guaranteed approval, offering benefits such as lower interest rates and flexible repayment options.

>> Click Here to Apply for No Credit Check Loans >>

Tribal Loans for Bad Credit

Tribal loans for bad credit are specialized loan products offered by tribal lenders to individuals with poor credit histories. These loans can assist people facing financial emergencies by providing the necessary funds to cover unexpected expenses, ensuring borrower protection.

Offered by Native American tribes that have established their own lending institutions, these loans can be processed quickly and often come with flexible repayment options due to the tribal sovereign immunity under which these institutions operate.

>> Click Here to Apply for No Credit Check Loans >>

Typically, tribal loans direct lender guaranteed approval no teletrack are short-term, unsecured personal loans. Compared to traditional banks or credit unions, tribal lending institutions are generally more willing to extend credit to borrowers with bad credit due to flexible loan requirements.

This accessibility provides borrowers with competitive interest rates and can help them break free from the cycle of predatory lending and its associated risks.

What Are Tribal Loans?

Easiest tribal loans to get no credit check represent a unique form of lending primarily offered by Native American tribes, leveraging their sovereign status to provide financial products that may not be accessible through traditional banking systems. These loans are specifically designed to assist individuals in urgent need of funds, such as those facing emergency expenses or unexpected financial difficulties.

Among the various types of tribal loans are payday loans, personal loans, and installment loans, each tailored to meet different emergency cash needs.
Unlike conventional lenders, tribal loans often have more flexible eligibility requirements, making them accessible to a wider range of borrowers. For instance, individuals with less-than-perfect credit histories may still qualify, providing a vital lifeline during times of crisis.

Emergency cash needs are met with quick access to funds for medical bills, car repairs, or urgent home repairs. Borrowers also benefit from specific legal protections established under tribal law and tribal court, which can differ significantly from state regulations. Furthermore, these loans can serve as stepping stones for individuals seeking to rebuild their financial stability and economic growth.

It is essential for potential borrowers to thoroughly understand the terms of these loans and consider their repayment capabilities to ensure that they serve as a beneficial solution rather than a financial burden.

How Do Tribal Loans Differ from Traditional Loans?

Tribal loans differ from traditional loans in several significant ways, with the primary distinction being the legal framework of tribal sovereign immunity. This allows Native American tribes to provide lending services that are not subject to many federal laws governing lending. As a result, tribal loans can better meet borrowers’ needs by offering faster access to funds, more flexible repayment terms, and often no credit checks compared to traditional banks and lenders.

When comparing traditional loans to tribal loans, several key differences in lending services emerge:
- Loan Approval Processes: Tribal lenders typically offer much quicker loan approval processes, and their applications are often simplified, eliminating much of the paperwork required by traditional banks.
- Interest Rates: While tribal loans may seem to have higher interest rates, they are often competitively priced for borrowers with low credit scores. Traditional banks frequently impose hidden fees that can significantly increase the effective interest rate.
- Repayment Schedules: Tribal loans often feature repayment schedules that can be tailored to the borrower’s financial situation. They are particularly beneficial for those with poor credit, as tribal lenders focus on current income and repayment ability rather than past credit history.
Additionally, the online application process for tribal loans allows borrowers to receive funds much more quickly than they would at a traditional bank or credit union, which generally take longer to process loans. This flexibility makes tribal loans a viable alternative to traditional loans when urgent financial needs arise.

What is Bad Credit?

Bad credit refers to a low credit score that typically indicates a history of poor financial management, including late payments, defaults, or bankruptcy. Individuals with bad credit often face challenges in securing financial assistance, as many traditional lenders, such as banks and credit unions, view their credit profiles as high-risk, affecting the loan application process.

As a result, these lenders may either deny their loan applications or offer loans with unfavorable terms.

How Does Bad Credit Affect Loan Approval?

Bad credit significantly impacts loan approval since most lenders use credit checks to assess the likelihood of an individual repaying borrowed funds. Those with poor credit scores face significant challenges when applying for financing, often being denied personal loans or offered extremely high-interest rates that exacerbate their financial difficulties.

This situation creates a cycle in which a person’s financial options become increasingly limited. Traditional lenders, such as banks and credit unions, have stricter requirements that many applicants cannot meet.

In contrast, tribal lending organizations typically have more lenient criteria, allowing individuals with bad credit to obtain funds. However, such loans may come with complications, including higher interest rates or predatory terms. It is essential for borrowers to weigh these risks against their immediate financial needs.

While bad credit may close many doors, tribal loans can represent an alternative option that requires careful consideration.

Why Consider Tribal Loans for Bad Credit?

Yes, individuals with bad credit should consider tribal loans, as these loans are specifically designed to assist those facing financial emergencies.

Tribal lending institutions offer quick approval times and flexible repayment terms, allowing individuals to access emergency cash without the stringent requirements typically associated with traditional loans.

What Are the Benefits of Tribal Loans for Bad Credit?

The benefits of tribal loans for individuals with bad credit include access to funds for emergency expenses, competitive interest rates, and the flexibility to customize a repayment schedule based on their financial circumstances. These advantages make tribal loans an appealing option for those who have faced challenges with traditional financing due to low credit scores.

Along with providing immediate financial assistance, tribal loans offer numerous compelling advantages. Borrowers can benefit from no credit checks, which allows them to secure funding without the concern of their credit history being evaluated. Loan rollover options provide additional flexibility, enabling borrowers to manage repayments more comfortably. Furthermore, protection under tribal law enhances the security of these loans, safeguarding borrowers from predatory practices often associated with payday lending.

By utilizing tribal loans, individuals can effectively break the cycle of debt and improve their financial stability, leading to a significant transformation in their overall economic well-being.

What Are the Risks of Tribal Loans for Bad Credit?

Tribal loans can assist individuals with bad credit; however, they come with certain risks, particularly high-interest rates and the potential for hidden fees. Borrowers must be mindful of these drawbacks to make informed decisions and fully understand the total cost of borrowing. It is crucial to recognize that tribal loans can lead to cycles of indebtedness, especially when consumers do not fully comprehend the terms associated with these financial products.

To ensure a safer borrowing experience, consumers should:
- Read all loan agreements thoroughly.
- Consult with financial advisors if there is any uncertainty regarding the terms.
- Be aware of the consequences of loan rollovers, which can significantly increase debt levels and impact borrower protection.
Neglecting these important factors can result in undue hardship and further deterioration of one’s financial and credit standing.

How to Apply for Tribal Loans for Bad Credit?

Tribal loans for bad credit can be easily applied for, often through online applications that improve the lending experience. Borrowers can quickly submit their loan applications, ensuring they meet the necessary criteria for approval while avoiding the lengthy waiting periods typically associated with traditional lenders.

What Are the Requirements for Tribal Loans for Bad Credit?

The requirements for tribal loans for individuals with bad credit are typically less stringent than those for traditional loans, making it easier for those in need of financial support to qualify. Lenders often prioritize the borrowers’ ability to repay over their credit history, resulting in quicker approval times for tribal loans.

This accessibility allows individuals who may feel excluded from the conventional banking system to find viable options without facing the harsh rejections often encountered with banks. When applying for a tribal loan, applicants should ensure they meet the following general requirements:
- Proof of income to demonstrate a stable source of earnings
- A minimum age of usually 18 years
- Proof of residency, which typically involves having a valid address
Along with these basic requirements, tribal lending often emphasizes community and developmental aspects, which are less significant in standard bank lending.

How to Increase Chances of Approval for Tribal Loans for Bad Credit?

To increase the chances of having $500 tribal installment loans direct lenders only, borrowers should demonstrate financial acumen and submit a thorough application. Understanding what tribal lenders require and developing a realistic repayment plan can provide lenders with added confidence that borrowers will repay their loans responsibly. There are several proactive steps that individuals can take to enhance their loan application experience.

One of the most effective ways to improve the likelihood of receiving a loan is by enhancing financial literacy. Familiarizing oneself with key concepts such as interest rates, loan terms, and potential fees associated with tribal loans can give the power to applicants to make informed decisions. To achieve this, borrowers should start by checking their credit reports for errors and disputing any inaccuracies. Creating a detailed budget can also illustrate financial responsibility, demonstrating to lenders both the amount the borrower can borrow and their ability to repay it.

Additionally, it’s beneficial to research various lenders to find those with positive reviews and favorable terms. Equally important is taking the time to thoroughly read and understand the terms and conditions of any loan agreement before accepting and signing it, ensuring that the terms are manageable.

Choosing the Best Tribal Loans for Bad Credit from Reputable Loan Providers

The best tribal loans bad credit are selected based on the interest rates offered, the terms and conditions of the loans, and the reputation of the lenders, including Native American Tribal courts. By evaluating these factors, borrowers can find the most suitable tribal loans for their circumstances and avoid potential negative consequences.

What to Look for in a Tribal Loan Lender?

When selecting a tribal loan lender, it is important to consider their reputation, customer reviews, specific loan terms, and loan eligibility. A reputable lender will communicate clearly about all fees and borrower protections, ensuring a safe and beneficial borrowing experience. Additionally, you should prioritize how responsive the lender is to customer inquiries and concerns. An ideal lender will be easily reachable and provide prompt answers to questions, demonstrating their dedication to client satisfaction.

The level of transparency in the loan agreement is also crucial, as greater transparency allows borrowers to make informed decisions without encountering hidden surprises. Thoroughly researching lenders is essential. Important factors to consider include:
- Customer testimonials: Customer reviews can provide insight into a lender’s trustworthiness and reliability.
- Terms and conditions: Reviewing the specific terms and conditions ensures they align with your personal financial needs.
- Licensing and regulatory compliance: Regulatory oversight protects customers against predatory practices.
By taking the time to consider these factors, you can increase your chances of having a positive borrowing experience.

How to Compare Different Tribal Loan Options?

Comparing tribal loan options is essential for borrowers seeking a financial solution that best suits their specific needs. By evaluating interest rates, repayment schedules, and other fees across various lenders, borrowers can identify the tribal loan that aligns with their circumstances. With the widespread availability of the internet, numerous tools and resources are at borrowers’ disposal to facilitate this comparison process. For instance, online comparison websites serve as valuable resources, allowing prospective borrowers to swiftly explore a wide range of tribal loan options from multiple lenders, thereby simplifying the often daunting task of making informed decisions.

When comparing tribal loan options, the following factors should be considered:
- Total Repayment Costs: This is typically the most crucial factor, as it significantly impacts long-term financial health.
- Lender’s Reputation: Understanding how a lender operates, including aspects like customer service and reliability, can be important when choosing between options.
- Flexibility of Repayment Terms: The availability of various repayment options regarding cost, schedule, and pre-payment penalties is beneficial for borrowers.
By utilizing these resources and taking these factors into account, borrowers can find a loan that meets their specific financial needs.

IOnline Payday Loans as a Trusted Brand for Tribal Loans for Bad Credit

IOnline Payday Loans is a reputable and trusted brand in the realm of tribal loans for bad credit, offering various high-interest loans. As a legitimate tribal lender, IOnline Payday Loans offers borrowers a straightforward and user-friendly application process, along with the assistance necessary to secure the funds they need as quickly as possible.

What Makes IOnline Payday Loans Stand Out for Tribal Loans?

IOnline Payday Loans is a distinctive lending service for tribal loans, known for its commitment to customer support and interest rates that are suitable for borrowers with bad credit. The IOnline Payday Loans brand is centered around delivering a positive borrowing experience, ensuring that borrowers fully understand all aspects of their loan before signing any contracts.

What sets this service apart is its focus on borrower education, which distinguishes it from many competitors that offer little guidance, often leaving borrowers feeling confused and frustrated. IOnline Payday Loans provides valuable educational resources and customer support, give the power toing clients to make informed financial decisions.

Customers have shared success stories that highlight how the knowledgeable staff at IOnline helped them navigate potentially challenging situations. One customer remarked, “I wasn’t even sure I was going to take a loan at first, but the staff helped me understand the process and explained what documents I needed. Because of that, I got through a rough month.”

These testimonials illustrate the brand’s dedication to building trust and transparency while delivering an essential service.

Frequently Asked Questions

What are tribal loans for bad credit and how do they work?

Tribal loans for bad credit are short-term loans that are offered by Native American tribes, often through online lenders. These borrowing options are designed to help individuals with poor credit scores. These loans are designed to help individuals with poor credit scores who are not able to secure traditional loans. Tribal loans are a viable part of consumer lending. The loan process typically involves filling out an online application and receiving the funds directly into your bank account if approved.

What makes tribal loans a good option for individuals with bad credit?

Tribal loans can be a good option for those with bad credit because they do not usually require a credit check. This loan type is based on other factors such as income and employment stability. Instead, these loans are based on other factors such as income and employment stability. This makes it easier for individuals with poor credit to get the financial assistance they need and avoid debt cycles.

What are the eligibility requirements for obtaining the best tribal loans for bad credit?

The specific eligibility requirements may vary depending on the lender, but in general, you must be at least 18 years old, have a regular source of income, and have a valid bank account. Financial knowledge is also important for managing these loans. Some lenders may also require a minimum credit score, but this is not always the case with tribal loans.

Which online lender offers the best tribal loans for bad credit?

IOnline Payday Loans is a leading online lender that offers some of the best tribal loans for bad credit. CreditNinja is another popular lender in this space. They have a quick and easy application process and offer competitive interest rates and flexible repayment options. The Native American Financial Services Association ensures fair lending practices.

Can I use a tribal loan for bad credit to improve my credit score?

Yes, you can use a tribal loan for bad credit as a way to improve your credit score. By making timely payments on your loan, you can demonstrate responsible financial behavior and potentially boost your credit score over time.

Is there a limit on the amount of money I can borrow with a tribal loan for bad credit?

The maximum loan amount may vary depending on the lender and your specific financial situation. The loan value typically reflects your ability to repay. However, most tribal loans for bad credit typically range from $500 to $2,500. It is important to only borrow what you can comfortably repay to avoid getting into further financial trouble.

Disclaimer: This announcement contains general information about Ionline payday loan services and should not be considered financial advice. Ionline Payday Loans does not guarantee loan approval, and loan terms may vary by applicant and lender requirements. Loans are available to U.S. residents only.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a27af229-25c4-44a5-8062-3fa344fc10a6

The MIL Network –
May 2, 2025
MIL-OSI USA: BERKS COUNTY – Shapiro Administration to Kick Off Small Business Week in Hamburg, Highlight Importance of Investing in Our Downtowns and Main Streets

Source: US State of Pennsylvania

May 02, 2025 – Hamburg, PA

ADVISORY – BERKS COUNTY – Shapiro Administration to Kick Off Small Business Week in Hamburg, Highlight Importance of Investing in Our Downtowns and Main Streets

Department of Community and Economic Development (DCED) Secretary Rick Siger will celebrate Small Business Week by touring downtown Hamburg and highlighting the important impact small businesses have on Pennsylvania’s economy. Governor Josh Shapiro has proclaimed May 4 through 10, 2025, as Small Business Week in Pennsylvania.

Secretary Siger will also be announcing a new designation for the Berks County borough, highlighting a recent $100,000 investment through the Main Street Matters Program, and visiting local small businesses.

The tour will include stops at the following: the Art & Craft Gallery of Hamburg, the Balthaser building, the Hamburg Item building, AEC Market, Liv Holistic, the Hamburg Strand Theater, Hazel’s Cafe, and the Hamburg Antique Center.

Governor Shapiro created Main Street Matters to help revitalize downtowns, support small businesses, and strengthen local economies. The Governor, who recently announced investments in 81 community projects across Pennsylvania through the program, has included another $20 million in his 2025-26 budget proposal for this successful initiative.

WHO:
Rick Siger, DCED Secretary
Deena Kershner, Executive Director, Our Town Foundation
Lynn Weller, Assistant Director, Our Town Foundation
Alyssa Mengel Wentz, Owner, AEC Market

WHEN:
Friday, May 2, 2025, at 10:00 AM

WHERE:
Our Town Foundation Office, 320 State Street, Hamburg, PA 19526

VISUALS:
Following brief remarks, Secretary Siger will join local leaders to visit with owners and employees of the above-mentioned small businesses. The walking tour will occur rain or shine.

MEDIA RSVP:
Press who are interested in attending should RSVP to dcedpress@pa.gov.

MIL OSI USA News –

May 2, 2025
MIL-OSI: Mizuho Americas Announces Five-Year Renewal Agreement With the LPGA Tour as Title Sponsor of the Mizuho Americas Open, Reinforcing Its Commitment to Women’s Sports

Source: GlobeNewswire (MIL-OSI)

Mizuho to Raise Purse to $3.25 Million in 2026

Michelle Wie West to Continue as Mizuho Brand Ambassador and Tournament Host

Liberty National Golf Club to Host Event in 2028-2030; Mountain Ridge Country Club Added for 2026-2027

NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) — Mizuho Americas, the New York-headquartered arm of Mizuho Financial Group (NYSE: MFG), announced today that it has renewed its title sponsor agreement for the Mizuho Americas Open through 2030 and will raise the 2026 purse to $3.25 million, one of the largest outside of the Major championships. The tournament will maintain its successful format where the American Junior Golf Association’s future stars compete alongside the best women golfers in the world.

The new five-year agreement will allow the marquee tournament to remain in the New York City Metro area, providing unmatched benefits to the LPGA players, AJGA junior golfers, and the local community. After three years at the prestigious Liberty National Golf Club in Jersey City, NJ, the Mizuho Americas Open will travel just a few miles west to Mountain Ridge Country Club in West Caldwell, NJ, for 2026 and 2027, and then back to its long-term home at Liberty National for the remaining years through 2030. Additionally, LPGA Tour Icon and Mizuho Americas Brand Ambassador Michelle Wie West will continue to serve as Tournament Host.

“We first partnered with the LPGA, AJGA, and Liberty National in 2023 to create a one-of-a-kind tournament that stands apart from the others,” said Jerry Rizzieri, President & CEO of Mizuho Securities USA and Head of Americas Corporate and Investment Bank. “We share this tournament – not only with the players – but also with our employees and clients. We remain deeply committed to our investment in women’s sports as we aim to help advance the next generation of talent and level the playing field for women, both on and off the golf course.”

During the five-year partnership, the prize purse will continue to escalate, ensuring that the Mizuho Americas Open remains one of the largest non-Major championship purses on the LPGA Tour. Mizuho raised the bar for player experience and will continue to provide complimentary first-class accommodations and transportation for all LPGA players participating in the event through 2030.

Mizuho’s continued support of the LPGA and its players speaks volumes about the company’s culture and its commitment to empowering women and fueling their aspirations,” said Liz Moore, Interim LPGA Commissioner. “Through our partnership with Mizuho, we’re able to showcase the world’s best golfers on a global stage, right outside one of the world’s most iconic cities, while uniquely providing rising AJGA stars the opportunity to compete alongside them — creating an unparalleled platform to inspire the next generation and furthering our core mission of using the game of golf to transform and enrich the lives of girls and women

In a few short years, the Mizuho Americas Open has cemented itself as a premier LPGA Tour stop. Played on one of the best golf courses in the country, its groundbreaking format offers an opportunity for top-ranked AJGA junior golfers to compete side-by-side with the best LPGA players in the world, creating an unprecedented week of education and access to help ignite the passion of young women to become the next generation of LPGA Tour superstars.

“We’re thrilled to strengthen this tremendous partnership with Mizuho, LPGA Tour and AJGA to host the world’s best professional and junior players through the end of the decade,” said Dan Fireman, Co-Founder and Executive Chairman of Liberty National Golf Club. “This event is truly unique and embodies our ethos and deep commitment to growing the game through the Liberty National Foundation’s Torch Lighters Club, which supports a number of charitable organizations, including the AJGA and others that benefit youth and our broader community.”

Philanthropy will remain at the heart of the Mizuho Americas Open. Mizuho will continue to host its DrivHER Summit, a leadership forum developed in conjunction with Girls Inc., to help young women explore, aspire, and achieve. The comprehensive program features a golf clinic and workshops on self-confidence, career planning, and networking, reflecting the values championed by Girls Inc. of access, inclusivity, and opportunity.

“Thanks in large part to the unwavering support of Mizuho, this tournament has grown into a crown jewel on the LPGA Tour,” said Michelle Wie West. “Mizuho is different than most sponsors in that they’re involved every step of the way, ensuring a premium is placed on the player experience and community impact. As tournament host, I feel inspired by how they’ve supercharged this event through innovative philanthropic and marketing efforts that put women’s golf front and center in the world’s largest media market.”

The Mizuho Americas Open is operated by Excel Sports Management, a leading sports agency representing marquee brands, properties, and premier professional athletes – including many of the players and stars of today’s LPGA Tour.

“We couldn’t be more excited to extend our partnership with Mizuho for another five years. What began as an ambitious vision has quickly become a cornerstone event on the LPGA Tour,” said Kevin Hopkins, Senior Vice President at Excel Sports Management. “As we look ahead, we’re energized by the opportunity to further elevate this championship experience for the players, our partners, and the dedicated golf fans across the New York metropolitan area who have embraced this event from day one”

Information on ticket sales, corporate hospitality and volunteer opportunities are available at www.mizuhoamericasopen.com. Follow @MizuhoLPGA on Twitter, Instagram and Facebook for the latest news on the event.

About Mizuho
Mizuho Financial Group, Inc. is one of the largest financial institutions in the world as measured by total assets of ~$2 trillion, according to S&P Global 2024. Mizuho’s 65,000 employees worldwide offer comprehensive financial services to clients in 36 countries and 850 offices throughout the Americas, EMEA, and Asia.

Mizuho Americas is a leading Corporate and Investment Bank (CIB) that provides a full spectrum of client-driven solutions across strategic advisory, capital markets, corporate banking, and fixed income and equities sales & trading to corporate, government, and institutional clients in the US, Canada, and Latin America. Through its acquisition of Greenhill, Mizuho enhanced its M&A, restructuring, and private capital advisory capabilities across the Americas, Europe, and Asia. Mizuho Americas employs approximately 4,000 professionals. For more information, visit www.mizuhoamericas.com.

About the Mizuho Americas Open
The Mizuho Americas Open is a purpose-driven tournament on the LPGA Tour. As title sponsor, Mizuho Americas created and drove the vision for a distinctive and premium event that celebrates women and advances the next generation, with a charitable focus on providing leadership and life skills to young girls from underserved communities. Played at the prestigious Liberty National Golf Club, with LPGA icon Michelle Wie West as celebrity host, the tournament features an elevated purse and a unique junior component where the AJGA’s stars of tomorrow compete alongside the best women golfers in the world. The tournament is also home to the Mizuho Americas DrivHER Summit, an inspirational day of learning and activities for Girls Inc., the official charitable partner of the Mizuho Americas Open. The Summit leverages the game of golf and the LPGA to inspire the members of Girls Inc. to discover the confidence they need to become leaders in their communities.

About the LPGA
The Ladies Professional Golf Association (LPGA) is the world’s premier women’s professional golf organization. Created in 1950 by 13 pioneering female Founders, the LPGA, whose Members now represent nearly 40 countries, is the longest-standing professional women’s sports organization. Through the LPGA Tour, the Epson Tour, the LPGA Professionals, and a joint venture with the Ladies European Tour, the LPGA provides female professionals the opportunity to pursue their dreams in the game of golf at the highest level. In addition to its professional tours and teaching accreditation programs, the LPGA features a fully integrated Foundation, which provides best-in-class programming for female golfers through its junior golf programming, and its LPGA Amateurs division, which offers its members playing and learning opportunities around the world. The LPGA aims to use its unique platform to inspire, transform and advance opportunities for girls and women, on and off the golf course.

Follow the LPGA online at www.LPGA.com and download its mobile apps on Apple or Google Play. Join the social conversation on Facebook, X (formerly known as Twitter), Instagram and YouTube.

About the LPGA Tour
The LPGA Tour is the world’s leading competitive destination for the best female professional golfers in the world. The Tour hosts more than 32 annual events across 12 countries for over 200 athletes, awarding total prize funds exceeding $129 million and reaching television audiences in more than 220 countries. Follow the LPGA Tour on its U.S. television home, Golf Channel.

About the AJGA
The American Junior Golf Association is a 501(c)(3) nonprofit organization dedicated to the overall growth and development of young men and women who aspire to earn college golf scholarships through competitive junior golf. The AJGA provides valuable exposure for college golf scholarships and has an annual junior membership (boys and girls, ages 12-19) of more than 9,000 members from 50 states and 51 foreign countries. Through initiatives like the Liberty National ACE Grant, a financial assistance program, and Leadership Links, a service-oriented platform that teaches juniors charitable-giving skills, the AJGA fosters the growth of golf’s next generation.

TaylorMade and adidas are the AJGA’s Global Sponsors, supporting the AJGA for more than 25 years. TaylorMade has served as the Official Ball of the AJGA since 2016. adidas has been the Official Apparel and Footwear of the AJGA since 2017. Rolex, in its fourth decade of AJGA sponsorship, became the inaugural AJGA Premier Partner in 2004.

AJGA alumni have risen to the top of amateur, collegiate and professional golf. Former AJGA juniors have compiled more than 1,000 victories on the PGA and LPGA Tours. AJGA alumni include Patrick Cantlay, Billy Horschel, Collin Morikawa, Scottie Scheffler, Jordan Spieth, Justin Thomas, Tiger Woods, Paula Creamer, Jessica Korda, Nelly Korda, Cristie Kerr, Stacy Lewis, Inbee Park, Lexi Thompson and Rose Zhang.

About Liberty National Golf Club
One of the world’s most iconic golf locales, Liberty National Golf Club is located along the Hudson River in Jersey City, NJ, with striking views of the Statue of Liberty, Ellis Island, and Manhattan skyline. Liberty National fittingly opened on July 4, 2006, and is guided by the vision and leadership of former Reebok Founder, Chairman & CEO Paul Fireman and his son Dan Fireman, managing partner of Fireman Capital Partners. Designed by US Open Champion Tom Kite and esteemed golf course mastermind Bob Cupp, Liberty National is kept in tournament ready playing condition. Liberty National hosted The Presidents Cup in 2017 as well as multiple PGA TOUR FedExCup Playoff events, and is currently the home of the LPGA Mizuho Americas Open. For more information about Liberty National Golf Club, visit www.libertynationalgc.com.

About Mountain Ridge Country Club
Founded in 1912, Mountain Ridge Country Club has long been considered a historic venue. Originally established in West Orange, NJ, the Club moved to its current site in West Caldwell, located just 20 miles from New York City, in 1929 when it commissioned famed golf course architect Donald Ross to design a championship 18-hole course across 282 rolling acres. Often described as one of the NY City Metropolitan Area’s “hidden gems”, the course has always been viewed as a classic Donald Ross design. The course was considered a difficult test when it opened in 1931, and little has changed in the 90+ years since. The course is known for its distinctly Ross features, especially its challenging greens. Ross designed each nine-hole loop to wind down to the lower part of the property and conclude with a long assent back to the iconic fieldstone clubhouse, designed by renowned architect Clifford C. Wendehack. The venue has hosted many championships including the 2012 USGA Senior Amateur Championship and the 2021 LPGA Cognizant Founder’s Cup. Over its century-long history, Mountain Ridge has been home to many prominent members and continues its commitment to excellence, community, philanthropy, and the game of golf.

Media Contacts

For Mizuho:
Jon Schwartz, Prosek Partners
(347) 794-9633
jschwartz@prosek.com

or

Laura London
Director, Media Relations, Mizuho
(917) 446-5226
laura.london@mizuhogroup.com

For LPGA:
Emily Carman
emily.carman@lpga.com
(714) 742-8301

The MIL Network –

May 2, 2025
MIL-OSI Security: Assistant Attorney General Gail Slater Welcomes Antitrust Division Leadership Team

Source: United States Department of Justice

Assistant Attorney General Gail Slater of the Justice Department’s Antitrust Division welcomes a new member of the division’s leadership team. AAG Slater appointed Dina Kallay to serve as Deputy Assistant Attorney General for International, Policy and Appellate. Kallay joins the division’s leadership team including Principal Deputy Assistant Attorney General, four Deputy Assistant Attorneys General and Chief of Staff.

“The DOJ Antitrust Division is truly fortunate to have in place a deep bench of experts so early in the Trump 47 Administration. Each team member brings broad experience to their government service, and I am truly grateful to them for stepping into their roles as we take over several landmark cases,” said Assistant Attorney General Gail Slater. “I look forward to working with this talented team as well as the dedicated staff of the Antitrust Division as we work together to enforce the nation’s antitrust laws.”

The leadership team includes:

Roger Alford serves as Principal Deputy Assistant Attorney General. Mr. Alford previously served in the first Trump Administration as Deputy Assistant Attorney General in the Antitrust Division. He is a tenured Professor of Law on leave from Notre Dame Law School, where he has taught since 2012. During that time, he also consulted on antitrust matters, including as an expert witness in the landmark 2023 real estate $1.8 billion litigation against the National Association of Realtors, and since 2019 consulting for Texas Attorney General Ken Paxton in Texas v. Google. He served as a law clerk to Judge James Buckley of the United States Court of Appeals for the D.C. Circuit, and Judge Richard Allison of the Iran- United States Claims Tribunal in The Hague, Netherlands. He also practiced law with Hogan Lovells in Washington, D.C. and was a Senior Legal Advisor to the Claims Resolution Tribunal for Dormant Activities in Zurich, Switzerland.

He earned his B.A. with Honors from Baylor University in 1985, his M.Div. from Southern Baptist Theological Seminary, his J.D. with Honors from New York University, and his LL.M., first in class, from Edinburgh University.

Omeed Assefi serves as Acting Deputy Assistant Attorney General with a focus on criminal enforcement. At the beginning of the second Trump Administration, Mr. Assefi served as the division’s Acting Assistant Attorney General. Prior to that position, he litigated criminal prosecutions and led complex investigations against major companies and individuals for antitrust violations as a member of the division’s Washington Criminal Section. Previously, Mr. Assefi served as an Assistant United States Attorney in the District of Columbia. There, he prosecuted violent crime in U.S. District Court as well as Superior Court.

Before joining the U.S. Attorney’s Office, Mr. Assefi served in the Trump Administration as a Deputy Associate Attorney General in the Office of the Associate Attorney General. There, he helped supervise the Civil, Antitrust, and Civil Rights Divisions. Mr. Assefi also served as Chief of Staff of the Civil Rights Division. Mr. Assefi began his service in the Trump Administration as an Assistant Special Counsel in the White House Counsel’s Office, where he represented the Office of the President in the Department of Justice Special Counsel’s Investigation into allegations of Russian meddling in the 2016 U.S. Presidential Election. Mr. Assefi earned a J.D. from American University Washington College of Law, a M.P.P. from George Mason University’s Schar School of Public Policy, and a B.A. from Trinity College.

Mark Hamer serves as Deputy Assistant Attorney General with a focus on civil litigation and enforcement. He has over 30 years of litigation experience in both public service and private practice. Before returning to the Division, Mr. Hamer was a partner at a global law firm where he served as Global Chair of its Antitrust & Competition Practice Group, leading a team of over 250 competition lawyers in 43 countries. In private practice, he focused on antitrust litigation and antitrust conduct and merger investigations around the world. Mr. Hamer previously served as a trial attorney in the Antitrust Division handling both merger and non-merger litigation. Mr. Hamer received his J.D. from the University of Virginia School of Law, and a B.A. in History with High Distinction from the University of Virginia.

Dina Kallay serves as Deputy Assistant Attorney General, Policy & International Affairs. Before joining the Antitrust Division, she was global Head of Competition Law at Ericsson. From 2006-2013, Dina served as Counsel for Intellectual Property & International Antitrust at the Federal Trade Commission (FTC) Office of International Affairs. Earlier in her career she practiced law at several law firms, most recently with Howrey LLP in Washington D.C., and worked at the European Commission’s Directorate General for Competition (DG COMP) in Brussels, Belgium

Dina received her LL.B. magna cum laude and B.A. in economics from Tel Aviv University (1996), and her LL.M. (Int’l Economic Law) (1998) and S.J.D. (2003) from the University of Michigan in Ann Arbor, where she was a student of former Assistant Attorney General for Antitrust, Professor Tom Kauper. She has taught antitrust and intellectual property at the Hebrew, Bar Ilan and Georgetown Universities, and is a frequent writer and speaker on international antitrust and antitrust-intellectual property topics.

William “Bill” Rinner serves as Deputy Assistant Attorney General with a focus on civil enforcement and mergers. Prior to his return to the division, Mr. Rinner was Senior Regulatory Counsel at Apollo Global Management Inc. There, he was responsible for overseeing antitrust and various other regulatory matters. From 2017-2020, Mr. Rinner served at the Antitrust Division first as Counsel to the Assistant Attorney General, and subsequently as Chief of Staff and Senior Counsel. Earlier in his career, he practiced antitrust law at two major national firms. After law school, he clerked for Hon. Richard Posner of the Seventh Circuit Court of Appeals. He received a J.D. from Yale Law School, and a B.A. in Economics from the University of Notre Dame.

Dr. Chetan Sangvhi serves as Deputy Assistant Attorney General focused on Economics. Dr. Sanghvi has deep experience conducting economic research and analyses in the context of antitrust policy. In his tours of duty at the FTC and in private practice, he has evaluated the competitive impacts of hundreds of proposed mergers and other antitrust concerns. He has been recognized by the FTC for his “outstanding intellectual and analytical contributions to a broad range of complex economic issues arising in the FTC’s competition mission” and by professional reference publications. Dr. Sanghvi has taught at New York University, Johns Hopkins University, Rutgers University, and Trinity College and holds a PhD in economics from Rutgers University and a BA in economics from Northwestern University.

Sara Matar serves as the Chief of Staff. Prior to this role, she served as an Assistant United States Attorney in the U.S. Attorney’s Office in Washington D.C. Sara was previously a senior advisor to Congressman Lee Zeldin on foreign policy and judiciary matters. She also served as a staff member on the House Foreign Affairs Committee where she worked on oversight and Middle East policy. Sara received her J.D from George Washington University Law School and graduated with a bachelor’s degree from Emerson College. She served as law clerk to the Honorable Judge Lynn Hughes in the Southern District of Texas.

MIL Security OSI –

May 2, 2025
MIL-OSI USA: Assistant Attorney General Gail Slater Welcomes Antitrust Division Leadership Team

Source: US State of North Dakota

Assistant Attorney General Gail Slater of the Justice Department’s Antitrust Division welcomes a new member of the division’s leadership team. AAG Slater appointed Dina Kallay to serve as Deputy Assistant Attorney General for International, Policy and Appellate. Kallay joins the division’s leadership team including Principal Deputy Assistant Attorney General, four Deputy Assistant Attorneys General and Chief of Staff.

“The DOJ Antitrust Division is truly fortunate to have in place a deep bench of experts so early in the Trump 47 Administration. Each team member brings broad experience to their government service, and I am truly grateful to them for stepping into their roles as we take over several landmark cases,” said Assistant Attorney General Gail Slater. “I look forward to working with this talented team as well as the dedicated staff of the Antitrust Division as we work together to enforce the nation’s antitrust laws.”

The leadership team includes:

Roger Alford serves as Principal Deputy Assistant Attorney General. Mr. Alford previously served in the first Trump Administration as Deputy Assistant Attorney General in the Antitrust Division. He is a tenured Professor of Law on leave from Notre Dame Law School, where he has taught since 2012. During that time, he also consulted on antitrust matters, including as an expert witness in the landmark 2023 real estate $1.8 billion litigation against the National Association of Realtors, and since 2019 consulting for Texas Attorney General Ken Paxton in Texas v. Google. He served as a law clerk to Judge James Buckley of the United States Court of Appeals for the D.C. Circuit, and Judge Richard Allison of the Iran- United States Claims Tribunal in The Hague, Netherlands. He also practiced law with Hogan Lovells in Washington, D.C. and was a Senior Legal Advisor to the Claims Resolution Tribunal for Dormant Activities in Zurich, Switzerland.

He earned his B.A. with Honors from Baylor University in 1985, his M.Div. from Southern Baptist Theological Seminary, his J.D. with Honors from New York University, and his LL.M., first in class, from Edinburgh University.

Omeed Assefi serves as Acting Deputy Assistant Attorney General with a focus on criminal enforcement. At the beginning of the second Trump Administration, Mr. Assefi served as the division’s Acting Assistant Attorney General. Prior to that position, he litigated criminal prosecutions and led complex investigations against major companies and individuals for antitrust violations as a member of the division’s Washington Criminal Section. Previously, Mr. Assefi served as an Assistant United States Attorney in the District of Columbia. There, he prosecuted violent crime in U.S. District Court as well as Superior Court.

Before joining the U.S. Attorney’s Office, Mr. Assefi served in the Trump Administration as a Deputy Associate Attorney General in the Office of the Associate Attorney General. There, he helped supervise the Civil, Antitrust, and Civil Rights Divisions. Mr. Assefi also served as Chief of Staff of the Civil Rights Division. Mr. Assefi began his service in the Trump Administration as an Assistant Special Counsel in the White House Counsel’s Office, where he represented the Office of the President in the Department of Justice Special Counsel’s Investigation into allegations of Russian meddling in the 2016 U.S. Presidential Election. Mr. Assefi earned a J.D. from American University Washington College of Law, a M.P.P. from George Mason University’s Schar School of Public Policy, and a B.A. from Trinity College.

Mark Hamer serves as Deputy Assistant Attorney General with a focus on civil litigation and enforcement. He has over 30 years of litigation experience in both public service and private practice. Before returning to the Division, Mr. Hamer was a partner at a global law firm where he served as Global Chair of its Antitrust & Competition Practice Group, leading a team of over 250 competition lawyers in 43 countries. In private practice, he focused on antitrust litigation and antitrust conduct and merger investigations around the world. Mr. Hamer previously served as a trial attorney in the Antitrust Division handling both merger and non-merger litigation. Mr. Hamer received his J.D. from the University of Virginia School of Law, and a B.A. in History with High Distinction from the University of Virginia.

Dina Kallay serves as Deputy Assistant Attorney General, Policy & International Affairs. Before joining the Antitrust Division, she was global Head of Competition Law at Ericsson. From 2006-2013, Dina served as Counsel for Intellectual Property & International Antitrust at the Federal Trade Commission (FTC) Office of International Affairs. Earlier in her career she practiced law at several law firms, most recently with Howrey LLP in Washington D.C., and worked at the European Commission’s Directorate General for Competition (DG COMP) in Brussels, Belgium

Dina received her LL.B. magna cum laude and B.A. in economics from Tel Aviv University (1996), and her LL.M. (Int’l Economic Law) (1998) and S.J.D. (2003) from the University of Michigan in Ann Arbor, where she was a student of former Assistant Attorney General for Antitrust, Professor Tom Kauper. She has taught antitrust and intellectual property at the Hebrew, Bar Ilan and Georgetown Universities, and is a frequent writer and speaker on international antitrust and antitrust-intellectual property topics.

William “Bill” Rinner serves as Deputy Assistant Attorney General with a focus on civil enforcement and mergers. Prior to his return to the division, Mr. Rinner was Senior Regulatory Counsel at Apollo Global Management Inc. There, he was responsible for overseeing antitrust and various other regulatory matters. From 2017-2020, Mr. Rinner served at the Antitrust Division first as Counsel to the Assistant Attorney General, and subsequently as Chief of Staff and Senior Counsel. Earlier in his career, he practiced antitrust law at two major national firms. After law school, he clerked for Hon. Richard Posner of the Seventh Circuit Court of Appeals. He received a J.D. from Yale Law School, and a B.A. in Economics from the University of Notre Dame.

Dr. Chetan Sangvhi serves as Deputy Assistant Attorney General focused on Economics. Dr. Sanghvi has deep experience conducting economic research and analyses in the context of antitrust policy. In his tours of duty at the FTC and in private practice, he has evaluated the competitive impacts of hundreds of proposed mergers and other antitrust concerns. He has been recognized by the FTC for his “outstanding intellectual and analytical contributions to a broad range of complex economic issues arising in the FTC’s competition mission” and by professional reference publications. Dr. Sanghvi has taught at New York University, Johns Hopkins University, Rutgers University, and Trinity College and holds a PhD in economics from Rutgers University and a BA in economics from Northwestern University.

Sara Matar serves as the Chief of Staff. Prior to this role, she served as an Assistant United States Attorney in the U.S. Attorney’s Office in Washington D.C. Sara was previously a senior advisor to Congressman Lee Zeldin on foreign policy and judiciary matters. She also served as a staff member on the House Foreign Affairs Committee where she worked on oversight and Middle East policy. Sara received her J.D from George Washington University Law School and graduated with a bachelor’s degree from Emerson College. She served as law clerk to the Honorable Judge Lynn Hughes in the Southern District of Texas.

MIL OSI USA News –

May 2, 2025
MIL-OSI USA: 71-Unit Affordable Housing Development Completed in Brooklyn

Source: US State of New York

overnor Kathy Hochul today announced the completion of The Rise, a 71-unit affordable and supportive housing development in the Brownsville neighborhood of Brooklyn. The $50 million project includes 47 supportive apartments, a community hub, and rooftop farm. The seven-story building is located on “Site J” of New York State Homes and Community Renewal’s Vital Brooklyn Initiative — the State’s comprehensive community development initiative aiming to address social, economic and health disparities in Central Brooklyn. In the past five years, HCR has financed nearly 8,400 affordable homes in Brooklyn. The Rise continues this effort and complements Governor Hochul’s $25 billion five-year housing plan, which is on track to create or preserve 100,000 affordable homes statewide.

“Individuals and families in Brownsville deserve access to housing they can afford and the services that provide the support they need to thrive,” Governor Hochul said. “The Rise builds on our commitment to Central Brooklyn and will provide affordable housing opportunities, social services, and the types of amenities that can strengthen the entire community.”

Apartments at The Rise are available for households earning up to 60 percent of the Area Median Income. Designed to appeal to families of different sizes, the development features studios, one-, two-, and three-bedroom apartments. As part of the Vital Brooklyn initiative, The Rise will also bring economic and community development benefits to Brownsville. Programming will be available to building residents and the Brownsville neighborhood in the community hub and will include workshops focused on critical thinking, conflict resolution, health, and women’s empowerment. Using the building’s rooftop farm, residents and members of the surrounding community can also participate in programming such as fresh food cultivation and workforce development in farming.

The 47 supportive apartments are reserved for formerly incarcerated individuals and their families. On-site supportive services including trauma-informed case management, mental health and substance use services, employment and educational services, life skills, and wellness support groups will be available to eligible tenants.

The project is developed by Xenolith Partners, LLC. Women’s Prison Association and The Osborne Association are providing onsite supportive services for eligible tenants, Community Capacity Development will provide the community programming, and Project Eats will operate the rooftop farm.

The Rise is an all-electric building that offers cost-effective amenities to reduce energy consumption, improve health, and build resilience. Energy-efficiency features include solar panels for on-site energy generation and a Variant Refrigerant Flow heating and cooling system that captures and repurposes heat already in the environment. The hot water system utilizes heat pumps, there are electric dryers and cooktops, energy recovery ventilation for improved indoor air quality, and LED lighting. The project was awarded a Buildings of Excellence Award from the New York State Energy Research and Development Authority.

The project is supported by New York State Homes and Community Renewal’s (HCR) Federal Low-Income Housing Tax Credit Program which generated $21 million in equity, $5 million from its Supportive Housing Opportunity Program, $4.5 million from HCR’s Low-Income Housing Trust Fund, and $4 million from its Federal Housing Trust Fund. Additional support includes $10 million from the New York State Office of Temporary and Disability Assistance’s (OTDA) Homeless Housing and Assistance Program, nearly $1.3 million from the New York State Energy Research and Development Authority’s (NYSERDA) New Construction Program, and federal solar energy tax credits that generated $84,000 in equity. The Community Preservation Corporation provided pre-development and other financial support for the project through its Equity Investing platform and has also committed to providing long-term permanent financing. Operating funding for the supportive units is being provided by the Empire State Supportive Housing Initiative, administered by OTDA, and Project-Based Section 8 vouchers provided by HCR.

New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “This $50 million investment represents an important step in our Vital Brooklyn Initiative. It brings 71 new affordable homes to Brownsville and will provide support for eligible tenants. Importantly, The Rise makes community development a priority through its programming and activities available for residents and the entire neighborhood. We are grateful to Governor Hochul for continuing to invest in this important initiative and the ongoing support of our partners in Brooklyn for ensuring this development came to life.”

New York State Office of Temporary and Disability Assistance Commissioner Barbara C. Guinn said, “We are grateful to Governor Hochul for making landmark investments to expand supportive housing across New York State, recognizing that stable housing is the foundation for healthier lives and stronger communities. The Homeless Housing and Assistance Program’s investment in The Rise will provide formerly incarcerated individuals and their families with safe, affordable, energy-efficient apartments they can call home and onsite access to essential support services to help them remain housed and prosper for years to come.”

New York State Research and Development Authority President and CEO Doreen M. Harris said, “The Rise affordable housing development creates a healthy, modern living experience for residents in Central Brooklyn while helping to accelerate the state’s equitable transition to a more sustainable economy. It is important that we continue to invest in projects like this, which not only transform the way New York’s buildings are constructed but also enhance the quality of life for those in the communities they serve.”

Assemblymember Latrice Walker said, “The Rise addresses two critical needs for the Brownsville community – affordable housing and re-entry services. In addition to providing secure housing, I am excited about the availability of job training, legal assistance, referrals to mental health and substance abuse services, and other resources that will help formerly incarcerated people succeed. These services benefit families, strengthen communities and help to reduce recidivism. This project should serve as a blueprint for developers and service providers throughout the state, but especially in New York City where the needs are most dire. I applaud everyone involved and officially extend an enthusiastic welcome to the community of Brownsville where I was born and raised.”

Xenolith Partners Principal Andrea Kretchmer said, “Xenolith Partners is excited to celebrate the ribbon cutting of The Rise, our supportive housing project for justice-involved individuals and their families. We are thrilled to be part of HCR’s Vital Brooklyn Initiative and to deliver a gorgeous, sustainable, 71-unit building that embodies its principles of health, affordable housing, economic empowerment, and resilience. We hope that the State, City, and Brownsville community are as proud of this achievement as we are.”

Women’s Prison Association CEO Meg Egan said, “Community-based infrastructure like The Rise is, ultimately, a public safety solution. We know from research and experience that providing safe and stable housing is essential to reducing recidivism and helping communities thrive. This is not just a building but a home. A place where the women we work with have access to the full spectrum of support services, providing them and their families with the opportunity to have bright and fulfilling futures.”

Osborne Association President & CEO Jon Monsalve said, “Osborne Association is grateful for this partnership with Women’s Prison Association and Xenolith Partners to expand supportive housing options for people returning to New York City from incarceration. With decades of experience in reentry support, Osborne is expanding its residential portfolio in response to the alarming housing shortage and the proven success of programs that meet the unique needs of people reentering the community after incarceration. Thanks to this investment by the Governor and HCR, together we are creating a community asset that will serve as a beacon of hope and opportunity.”

The Community Preservation Corporation Senior Vice President of Equity Investing Tell Metzger said, “Today’s celebration of The Rise reflects the important role that exceptional developers and community-driven entrepreneurs play in shaping a stronger, more robust City for us all. Xenolith has once again demonstrated their commitment to delivering high-quality, impactful projects; The Rise stands as both a model of sustainable development and of housing stability for those who need it most. We are honored to have partnered with Xenolith, HCR, NYSERDA, the City of New York, and all those whose vision and dedication brought this project to life.”

Governor Hochul’s Housing Agenda

Governor Hochul is committed to addressing New York’s housing crisis and making the State more affordable and more livable for all New Yorkers. As part of the Fiscal Year (FY) 25 Enacted Budget, the Governor secured a landmark agreement to increase New York’s housing supply through new tax incentives for Upstate communities, new incentives and relief from certain state-imposed restrictions to create more housing in New York City, a $500 million capital fund to build up to 15,000 new homes on state-owned property, an additional $600 million in funding to support a variety of housing developments statewide and new protections for renters and homeowners. In addition, as part of the FY23 Enacted Budget, the Governor announced a five-year, $25 billion Housing Plan to create or preserve 100,000 affordable homes statewide, including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes. Nearly 60,000 homes have been created or preserved to date.

The FY25 Enacted Budget also strengthened the Pro-Housing Community Program which the Governor launched in 2023. Pro-Housing certification is now a requirement for localities to access up to $650 million in discretionary funding. Currently, nearly 300 communities have been certified, including the city of New York.

MIL OSI USA News –

May 2, 2025
MIL-OSI Canada: Saskatchewan’s Real GDP Reaches Record High $80.5 Billion in 2024

Source: Government of Canada regional news

Released on May 1, 2025

Province’s GDP Growth Rate Second Highest in Canada

Today, new figures from Statistics Canada show that Saskatchewan remains a national leader in economic growth. Real GDP data shows Saskatchewan is second among Canadian provinces for growth in 2024.

Real GDP rose by 3.4 per cent from 2023 to 2024, well over the national average increase of 1.6 per cent. Saskatchewan’s real GDP value remains at an all-time high of $80.5 billion, beating 2023’s record of $77.9 billion. This is a provincial record.

“Saskatchewan continues to see record growth within our provincial economy and today’s Statistics Canada data shows more people are choosing to live, work and raise families in our province,” Trade and Export Development Minister Warren Kaeding said. “Saskatchewan exports bring food and energy security not only to North America, but around the world. The result of this is more high-paying jobs for Saskatchewan residents, more services and a high quality of life for all who call our province home.”

Many sectors contributed to this growth, including construction, up 13.2 per cent, agriculture, forestry, fishing and hunting, up 7.8 per cent and mining, quarrying and oil and gas extraction, up 5.6 per cent.

GDP measures the value of goods and services produced within a prescribed geographic region over a specific period of time.

This announcement continues to highlight the strength of the provincial economy. Private capital investment in Saskatchewan increased last year by 17.3 per cent to $14.7 billion, ranking first among provinces. Private capital investment is projected to reach $16.2 billion in 2025, an increase of 10.1 per cent over 2024. This is the second highest anticipated percentage increase among the provinces.

The Government of Saskatchewan recently unveiled its new Securing the Next Decade of Growth – Saskatchewan’s Investment Attraction Strategy. This strategy combined with Saskatchewan’s trade and investment website, InvestSK.ca, contains helpful information for potential markets and solidifies the province as the best place to do business in Canada.

For more information visit: investSK.ca.

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For more information, contact:

MIL OSI Canada News –

May 2, 2025
MIL-OSI USA: 2025 IAM Scholarship Winners

Source: US GOIAM Union

The IAM is pleased to announce the 2025 Scholarship winners. An impartial committee of educators selected 16 recipients for this year’s awards. We congratulate the winners and thank all those who participated in the competition.

Kendall Alexander Jackson, Local 2198Beatrice Richer, Member, Local 712Matthew Morgani, Local 2323Carson Poe, Local 1943Skylar Wiley, Local 804Cynthia Benzel, Local 1947Alexander Urban, Local 701Makena Blalock, Local 709Jaycee Williams, Local 2003MilesJacob Wood (Vo-Tech), Local 2003Steven Sergenti (Member), Local 2766Boni Jo Boser (Member), Local 463Noah Jimenez – ROMAN MAYFIELD WINNER, Local 1930Kaylee Henry, Local 289Conner Wilson, Local T491Honorable Mentions

Kendall Alexander Jackson
College: Sam Houston State University
Major: Criminal Justice/Forensic Science
Parent: Stacey Jackson
Lodge: 2198 Company: United Airlines
Territory: Air Transport

Beatrice Richer
College: McGill University
Major: Physics/Mathematics
Parent: Frederic Richer
Lodge: 712 Company: Bombardier
Territory: Canada

Matthew Morgani
Parent: Francesco Morgani
College: University of Toronto
Major: Engineering
Lodge: 2323 Company: Air Canada
Territory: Canada

Carson Poe
Parent: William Poe
College: The Ohio State University
Major: Biomedical Engineering
Lodge: 1943 Company: Cleveland Cliffs
Territory: Eastern

Skylar Wiley
College: University of Louisville
Major: Biomedical Sciences/Pre-Med
Parent: Jason Wiley
Lodge: 804 Company: UPS
Territory: Eastern

Cynthia Benzel
College: Moraine Park Technical College
Major: Registered Nurse
Parent: Benjamin Benzel
Lodge: 1947 Company: Mercury Marine
Territory: Midwest

Alexander Urban
College: Marquette University
Major: Finance/Economics
Parent: Russell Urban
Lodge: 701 Company: Arnie Bauer Buick Cadillac HMC
Territory: Midwest

Makena Blalock
College: University of Georgia
Major: Agriculture Communications
Parent: Chris Blalock
Lodge: 709 Company: Lockheed Martin
Territory: Southern

Jaycee Williams
College: Troy University
Major: Exercise Physiology Pre-Health
Parent: Chad Williams
Lodge: 2003 Company: M1 Support Services
Territory: Southern

Miles Bailess (Vo-Tech)
College: Hallmark University
Certificate: Aircraft Mechanic
Parent: Katie Gamez
Lodge: 2916 Company: Amentum
Territory: Southern

Jacob Wood (Vo-Tech)
Parent: Thomas Wood
College: Alabama Aviation College
Certificate: Airframe and Powerplant Certification
Lodge: 2003 Company: M1 Support Services
Territory: Southern

Steven Sergenti (Member)
Lodge: 2766 Company: Boeing
College: University of Alabama – Huntsville
Major: Aerospace Engineering
Territory: Southern

Boni Jo Boser (Member)
Lodge: 463 Company: Nova Technologies
Trade School: Nutritional Therapy Association
Major: Nutritional Therapy Practitioner
Territory: Southern

Noah Jimenez – ROMAN MAYFIELD WINNER
College: University of Oregon
Major: Political Science/Latino Studies
Parent : Ana Jimenez
Lodge: 1930 Company: City of Long Beach
Territory: Western

Kaylee Henry
College: Graceland University-Lamoni
Major: Forensic Psychology
Parent: Nathan Henry
Lodge: 289 Company: SSA Terminals
Territory: Western

Conner Wilson
College: Alfred State
Major: Welding Technology
Parent: Scott Wilson
Lodge: T491 Company: CSX Intermodal
Territory: Rail Division

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CategoriesEmployment Issues, MIL-OSI, Scholarships, US GOIAM Union, US Unions

MIL OSI USA News –

May 2, 2025
MIL-OSI: American Rebel Holdings, Inc. (NASDAQ: AREB) Highlights Key Strategic Expansion Initiatives Following Successful Board Meeting and Investor Engagement at Mar-a-Lago
Source: GlobeNewswire (MIL-OSI)

Nashville, TN, May 01, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Light Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel (americanrebel.com), highlights key strategic decisions reaffirmed and ratified during its board meeting and investor dinner held April 29, 2025, at Mar-a-Lago in West Palm Beach, FL.

The gathering followed the Company’s unprecedented success as the title sponsor of the American Rebel Light NHRA 4-Wide Nationals April 25 – 27 at the Charlotte Motor Speedway; and brought together senior company management, board members, potential investors, and strategic partners; including Matt Hagan, 4-time World Champion NHRA Funny Car driver and American Rebel Light Beer brand ambassador, and Mark Elenowitz, Managing Director of Digital Offering, a pioneer in Regulation A+ IPOs and offerings.

“The Mar-a-Lago event brought together our leadership, potential investors and key partners for a forward-looking conversation on how to best scale our vision,” said Andy Ross. “With the guidance of capital market and investment banking industry leaders like Mark Elenowitz and the passion of brand ambassadors and true American Rebels like Matt Hagan, we are more confident than ever in our ability to grow American Rebel into a household name among patriotic Americans.”

Reflecting on the Mar-a-Lago event, Ross added, “The setting at Mar-a-Lago was the perfect venue for these types of strategic business discussions. Surrounded by esteemed investors and partners, the atmosphere was both inspiring and conducive to aligning our vision for American Rebel Holdings as America’s next big success story.”

American Rebel Light Beer: Acceleration of National Expansion

American Rebel management reported to the board that American Rebel Light Beer is expanding its distribution footprint at a rapid pace and that management was seeking guidance from the board to further accelerate its nation-wide rollout, seizing on market momentum and opportunity. The board endorsed accelerating the nation-wide rollout as a priority to establish American Rebel Light as the next national premium domestic light lager beer. American Rebel management expects to have several announcements of the addition of new states to its distribution network over the next few weeks.

Strategic Growth and Market Positioning of America’s Fastest Growing Beer

American Rebel Light Beer is rapidly expanding its distribution, and management is seeking to accelerate its nationwide rollout. The board fully supports this expansion as a priority to position the beer as a national premium brand. Additionally, the board reaffirmed the company’s targeted distributor expansion plan for the remainder of 2025 and discussed allocating additional resources to fully capitalize on relationships and opportunities within motor sports.

Motor Sports: A High-Impact Opportunity for American Rebel

Motor sports present a significant opportunity for American Rebel Beverages and American Rebel Light Beer to increase brand visibility and consumer engagement. With a passionate fan base and high-profile events, motor sports provide an ideal platform for marketing and sponsorship initiatives. Leveraging strategic partnerships within the industry, American Rebel Light Beer can establish itself as a preferred beverage among racing enthusiasts, teams, and event attendees.

Portfolio Expansion of America’s Patriotic Brand: Acquisition and Licensing Opportunities

American Rebel’s board encouraged management to continue evaluating potential acquisitions that could enhance the company’s enterprise value and expand the reach of America’s Patriotic Brand. CEO Andy Ross has frequently expressed his vision of broadening the American Rebel product line beyond beverages, envisioning a future where the brand encompasses grills, knives, tools, motor oil, and other complementary products. His goal is to create a household name synonymous with rugged American spirit, where consumers instinctively choose American Rebel-branded products for everyday needs.

As America’s Patriotic Brand, we are actively evaluating several licensing categories and acquisition opportunities that align with our brand, mission, and strategic growth plans. By identifying partnerships that reinforce our core values and extend our product offerings, we aim to build a portfolio of trusted American Rebel products that resonate with our customers. “I want Susie to go up to mom and say ‘Mom, what’s Dad want for Father’s Day’ and she says, ‘Honey, anything with American Rebel on it,’” said Andy Ross.

About American Rebel Light Beer

Produced in partnership with AlcSource, American Rebel Light Beer (americanrebelbeer.com) is a premium domestic light lager celebrated for its exceptional quality and patriotic values. It stands out as America’s Patriotic, God Fearing, Constitution Loving, National Anthem Singing, Stand Your Ground Beer.

American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers. For more information follow American Rebel Beer on all social media platforms (@americanrebelbeer).

About American Rebel Holdings, Inc.

American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebel.com and americanrebelbeer.com. For investor information, visit americanrebelbeer.com/investor-relations.

American Rebel Holdings, Inc.

info@americanrebel.com
ir@americanrebel.com

Media Contact:
Matt Sheldon
Matt@PrecisionPR.co

Forward-Looking Statements

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

Attachment
- American Rebel Holdings, Inc.
The MIL Network –
May 2, 2025
MIL-OSI Economics: Samsung Deals this May Bank Holiday Weekend

Source: Samsung

LONDON, U.K. – April 30, 2025 – Samsung Electronics Co., Ltd is excited to announce an exceptional range of promotions available on Samsung.com across the May bank holiday weekend and beyond, offering UK customers the perfect opportunity to upgrade their tech and experience Samsung’s latest innovations.

From smartphones and home appliances to wearables and entertainment solutions, Samsung’s curated selection of offers ensures there’s something for everyone. If you’re looking to enhance your daily life or explore cutting-edge technology, this is the ideal time to discover the best of Samsung, whether it’s for your spring cleaning or your upcoming holidays.

Key Offers Include:

Mobile and wearables
Save £150 when you buy the Galaxy S25 Ultra, or save £100 when you buy the Galaxy S25 or S24[1]
Save £75 when you buy the Galaxy A56 or A36[2]
Save £150 on the Galaxy Watch Ultra, or Save £75 on the Galaxy Watch7[3]
Save £200 when you buy a Galaxy Book5 plus get a guaranteed £100 off when you trade in any laptop, tablet or Android smartphone in any condition[4]

Home Appliances:
Save 20% when you buy 3 selected home appliances together, or 15% when you buy 2[5]
Save 15% when you buy a selected oven & hob together[6]
Save 15% when you buy a selected washing machine & tumble dryer together[7]
Save up to £200 on selected Vacuum Cleaners1, plus get up to £200 off selected when you recycle your old one for free[8]

TVs & Entertainment:
Save up to £100 when you buy selected 4K Neo QLED TVs[9], prices from £699
Get a Free Freestyle when you buy a selected OLED TV[10]
Save up to 20% on selected Monitors with discount code MAYMON[11]
Claim up to £200 cashback on selected 2024 8K or 4K Neo QLED TVs[12]

Customers can visit Samsung KX or shop online at Samsung.com/uk to enjoy these limited-time promotions.

[1] Purchase from samsung.com by 13.05.25
[2] Purchase from Samsung.com by 27.05.25
[3] Purchase from Samsung.com by 03.06.25
[4] Purchase from Samsung.com by 20.05.25. £100 value based on any laptop, tablet or Android smartphone, in any condition. Charges apply if you don’t send us your Trade In device. T&Cs apply.
[5] Purchase from Samsung.com/uk by 03.06.25. Discount applied automatically at checkout when two or more qualifying products in basket. Excludes all Vacuum Cleaners, Microwaves & accessories. Not in conjunction with any other offer. While stocks last.
[6] Purchase from Samsung.com/uk by 03.06.25. Discount applied automatically at checkout when two or more qualifying products in basket. Excludes all Vacuum Cleaners, Microwaves & accessories. Not in conjunction with any other offer. While stocks last.
[7] Purchase from Samsung.com/uk by 03.06.25. Discount applied automatically at checkout when two or more qualifying products in basket. Excludes all Vacuum Cleaners, Microwaves & accessories. Not in conjunction with any other offer. While stocks last.
[8] Only available at Samsung.com/uk. Customers must apply Trade Up discount on product page, before checking out. Recycled products are non-returnable and have zero value. You must make sure it is ready for collection at the same time we deliver your new product. We reserve the right to refuse the delivery if you fail to do so. You will be required to pay a surcharge equal to the amount of the discount you received, if you do not recycle or have your product ready for recycling. Offer cannot be combined with multi-buy promotions for Home Appliances. Each household may only recycle one of each type of product and will receive only one Trade Up discount for each product type recycled. The Trade Up discount is an incentive to recycle it is not a Trade In value for the recycled product.
[9] Purchase from samsung.com/uk by 06.05.25.
[10] Purchase from samsung.com by 06/05/2025. Free item automatically added at checkout. While stocks last.
[11] Purchase from Samsung.com/uk by 06.05.25. Enter code at checkout. Not to be used in conjunction with any other offer.
[12] Purchase from samsung.com/uk by 27/05/25. Claim between 30 & 60 days of purchase. To claim and for full T&Cs see https://samsungoffers.claims/preorder2025VisionAI.

MIL OSI Economics –

May 2, 2025
MIL-OSI: BexBack Launches Game-Changing 100x Leverage, No KYC, and $100 Trading Bonus for New Traders
Source: GlobeNewswire (MIL-OSI)

SINGAPORE, May 01, 2025 (GLOBE NEWSWIRE) — As the cryptocurrency market experiences increased volatility, BexBack, a leading cryptocurrency derivatives platform, is offering traders unparalleled opportunities to maximize their profits. With Bitcoin surging to new highs, reaching $95,000, BexBack is at the forefront, helping both new and experienced traders capitalize on the market’s fluctuations. The platform provides up to 100x leverage, no KYC, and exclusive bonuses, redefining the way crypto trading is done.

Why Choose BexBack?

BexBack is designed to offer more than just a simple trading platform. Its innovative features empower traders to take control of their investments with enhanced flexibility, safety, and profitability. Key advantages of the platform include:
1. No KYC Requirement: Users can start trading immediately without undergoing complicated identity verification processes, ensuring maximum privacy.
2. 100x Leverage: BexBack provides up to 100x leverage on Bitcoin, Ethereum, Solana, and more, allowing traders to open larger positions with smaller capital and maximize profit potential in volatile market conditions.
3. Exclusive Bonuses:
  - $100 Trading Bonus: New users who deposit at least 0.01 BTC or 1000 USDT and complete their first trade will receive a $100 bonus, helping them get started with trading and offset potential losses.
  - 100% Deposit Bonus: Double your funds with a 100% deposit bonus, which can be used as margin for increased trading power. While this bonus is non-withdrawable, it can significantly amplify profits by allowing traders to open larger positions.
4. Zero Deposit Fees: There are no deposit fees on the BexBack platform, giving traders more freedom to manage their investments without worrying about additional costs.
How Does 100x Leverage Work?

100x leverage allows traders to open positions much larger than their initial investment, enabling them to profit from even small price movements in the market. For example, if the price of Bitcoin rises by $5,000, a trader using 100x leverage can earn up to 5 BTC from a 1 BTC investment, resulting in a 500% return. However, traders should be cautious, as higher leverage also increases the risk of liquidation.

Global Access and 24/7 Support

BexBack is accessible to users across the globe, including in the United States, Canada, Europe, and many other regions. The platform is available via both web and mobile applications, offering users a feature-rich, seamless trading experience wherever they are. Additionally, BexBack offers 24/7 customer support to assist traders with any questions or issues they may encounter.

The Future of Crypto Trading

BexBack continues to innovate, offering traders the tools they need to succeed in the ever-changing world of cryptocurrency. The platform’s commitment to providing high-leverage trading, a user-friendly interface, and robust customer support has quickly earned it a reputation as a trusted platform in the global crypto community.

Join BexBack Today

If you’re ready to take your crypto trading to the next level, now is the time to act. With 100x leverage, a 100% deposit bonus, and the opportunity to earn a $100 trading bonus, BexBack is the perfect platform for those seeking to capitalize on the current crypto market trends.

Sign up now and start trading with BexBack today!

About BexBack?

BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

Website: www.bexback.com

Contact: business@bexback.com

Contact:
Amanda
business@bexback.com

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

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

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f1ff86a4-36f8-4db0-a81f-f1d07e85e3c0
https://www.globenewswire.com/NewsRoom/AttachmentNg/795cf90a-ecb4-4143-b7de-b42513eb73c5
https://www.globenewswire.com/NewsRoom/AttachmentNg/5f47f494-4269-4dd8-a12f-1d5f76a6b8b6

The MIL Network –
May 2, 2025
MIL-OSI USA: Ricketts Spends State Work Period Fighting for Nebraska Priorities

US Senate News:

Source: United States Senator Pete Ricketts (Nebraska)

WASHINGTON, D.C. – Yesterday, U.S. Senator Pete Ricketts (R-NE) highlighted his efforts to fight for Nebraska priorities during the recent Senate state work period. Ricketts led a bipartisan delegation trip to the Philippines and Taiwan focused on deterring Communist China. Trade issues were also discussed. He then held a series of public events in Nebraska. Those included town halls in Scottsbluff, Valentine, and Kearney. He made the following comments while on a conference call with Nebraska media:

“Before Easter, I visited the Philippines and Taiwan,” said Ricketts. “I met with the leaders in both those countries. We discussed ways to push back on Communist China’s aggression. Communist China is our greatest external threat.”

Ricketts also underscored the potential for expanded trade opportunities for Nebraska agriculture producers.

“There is a lot of interest in signing new trade deals,” said Ricketts. “For example, Taiwanese Vice President Hsiao expressed an interest in buying more of our soybeans instead of buying them from Brazil. Others expressed interest in buying more of our natural gas. They know Communist China is a bad trading partner. They want to work with us. There’s a lot of opportunity. We need to start cutting these trade deals.”

In addition, Ricketts recapped the many public events he held across Nebraska. This included three town halls, roundtable conversations in Grand Island and Scottsbluff, a cattle branding in Sioux County, and events in Lincoln with Nebraska Farm Bureau and the Lincoln Chamber of Commerce.

“I shared how I’m working with President Trump to secure the southern border, protect the 2017 tax cuts, and support Nebraska agriculture,” continued Ricketts. “I gave an update on how I’m fighting to address our $36 trillion national debt – which is our greatest domestic threat. I also heard feedback and answered questions directly from Nebraskans. These conversations help me stay connected to the priorities and values of my constituents.”

[embedded content]

Watch the video here

TRANSCRIPT:

Senator Ricketts: “Over the last two weeks, I focused on some of the priorities that we face now as a nation.

“For example, specifically deterring China and tackling our debt.

“Before Easter, I visited the Philippines and Taiwan.

“I met with the leaders in both those countries.

“We discussed ways to push back on Communist China’s aggression.

“Communist China is our greatest external threat.

“Xi Jinping has said that he wants to be the world’s dominating power by 2049.

“Communist China’s dramatic military buildup and increasingly provocative actions are designed to force everyone else to bend to its will.

“Just this week, it took over an island in the West Philippine Sea.

“In the past, they have stolen intellectual property and continue to do so.

“They manipulate or disregard rules to gain advantages that risk our security.

“That threatens our security and threatens the security of many of our allies and partners.

“We also discussed expanding trade opportunities for American producers.

“There is a lot of interest in signing new trade deals.

“For example, Taiwanese Vice President Hsiao expressed an interest in buying more of our soybeans instead of buying them from Brazil.

“Others expressed interest in buying more of our natural gas.

“They know Communist China is a bad trading partner. They want to work with us.

“There’s a lot of opportunity. We need to start cutting these trade deals.

“Last week, I held public events in the Western, Central, and Eastern parts of our state.

“For example, I hosted three town halls in Scottsbluff, Valentine, and Kearney.

“At these town halls, I shared updates on my work in Washington.

“I shared how I’m working with President Trump to secure the southern border, protect the 2017 tax cuts, and support Nebraska agriculture.

“I gave an update on how I’m fighting to address our $36 trillion national debt – which is our greatest domestic threat.

“I also heard feedback and answered questions directly from Nebraskans.

“These conversations help me stay connected to the priorities and values of my constituents.

“In addition to the townhalls, I spoke to the Lincoln Chamber of Commerce.

“I gave a legislative update and answered questions about taxes, tariffs, and other topics.

“In Lincoln, I partnered with Nebraska Farm Bureau to call for making the Trump tax cuts permanent.

“If the tax cuts expire, Americans would see a $4 trillion tax increase.

“That would hurt Nebraska families, farmers, and small businesses.

“The child tax credit will be cut by $1,000.

“The standard deduction will be cut in half.

“And the deduction for the Death Tax would also be cut in half, putting our Nebraska family farms and ranches at risk.

“If these tax cuts were to expire, a family of four making $80,000 would pay $1,700 more in taxes.

“I want to see Nebraskans’ taxes cut, not raised.

“I also held several important roundtable meetings.

“In Grand Island, I heard directly from local Chambers of Commerce.

“They shared their strategies for economic development and revitalization.

“For example, I heard about the Kearney sportsplex, which is attracting events from all over the region.

“In fact, they told me that they are entirely booked, having only two open weeks from now until 2029.

“That’s huge for central Nebraska.

“In Scottsbluff, I sat down with agriculture leaders.

“They shared with me the challenges facing rural communities.

“Nebraska’s farmers and ranchers feed the world.

“I’m committed to passing a comprehensive farm bill that delivers the tools they need to succeed.

“While in western Nebraska, I took part in a cattle branding in Sioux County.

“Branding is a great part of western life.

“It’s tough, honest work that brings families and communities together.

“The brand identifies cattle and protects against theft.

“The calves are also vaccinated to protect their health.

“Nebraska is the Beef State because of the grit demonstrated every day by our ranchers.

“I’ll always advocate for Nebraska agriculture.

“In addition, my team and I are hosting Mobile Office Hours in every single county.

“We did that in all 93 counties last year – twice.

“We help Nebraskans navigate the federal bureaucracy.

“And I’ll continue fighting every day to make sure Nebraskans’ voices are heard in Washington.

“Nebraskans deserve nothing less.”

MIL OSI USA News –

May 2, 2025
MIL-OSI China: Xi Story: From grit to greatness, hard work builds a nation

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

BEIJING, May 1 — Prior to International Workers’ Day 2025, the Great Hall of the People in Beijing — the heart of China’s political life — welcomed a proud assembly: over 2,000 exemplary representatives drawn from the country’s vast workforce of hundreds of millions.

In a ceremony on Monday, President Xi Jinping joined technicians, judges, nurses, and farmers to recognize not only their vital contributions, but also the spirit of dedication and hard work that fuels a nation.

Hailing the honorees as exemplars of the people and pillars of the country, Xi called on citizens to draw inspiration from them — staying grounded and working hard — so that, step by step, they can turn the grand vision of national rejuvenation into reality.

Xi sent the message at the gathering marking the 100th anniversary of the All-China Federation of Trade Unions. It drives home a point he has long emphasized — great dreams are not achieved by waiting or chanting slogans; they are earned through hard work and determination.

A LEADER FORGED THROUGH HARD WORK

Xi’s respect for hard work is built on his own past.

In 1969, just shy of 16, Xi arrived at Liangjiahe, a rugged village on the arid Loess Plateau in northwest China, to work the fields alongside the farmers who called the rural community home.

He took on nearly every kind of task, but spent an especially large number of hours on one in particular: building the dams by compacting the earth layer by layer with heavy stone pounders.

Xi threw himself into the labor. Day one left his hands blistered; day two saw them bleeding. Still, he kept working without complaint.

“What a fine lad,” remarked the locals.

The hard work did not end when Xi was elected Party chief of Liangjiahe in 1974. He rolled up his sleeves and led villagers in digging wells, building terraced fields, and installing biogas pits — gradually transforming the community.

Living and working alongside the farmers for seven years, Xi grew from a slightly bewildered teenager into a man determined to serve the people.

“Most importantly,” he later said, “I learned from my fellow farmers the values of respecting facts and working hard with perseverance.”

Those formative years left an indelible mark on Xi, shaping the strong work ethic that has been his character either as village Party chief or general secretary of the Communist Party of China Central Committee.

He works tirelessly, juggling domestic meetings, inspections and overseas visits — his schedule always packed to the brim.

In a rare reflective moment during a foreign media interview, Xi was asked about life as China’s leader. His candid reply laid bare his sacrifice. “My personal time? It’s all consumed by work,” he said. “Entrusted by the people … I must put them first, serving with unwavering diligence.”

MODEL WORKERS AS STARS

“What a galaxy of stars,” Xi said at a conference room ahead of International Workers’ Day in 2013.

By a “galaxy of stars,” he was referring to the 65 role models before him, those honored for their hard work in their industries over the past decades.

Liang Jun, one of the earliest model workers, recounted how she helped turn northeast China’s barren land into a national granary.

After listening to Liang’s story, Xi told the then 84-year-old lady, “Your deeds are well known to our generation. As the first female tractor driver in China, you are truly remarkable.”

As a leader who emerged from the ranks of the working people, Xi not only respects them but is also committed to ensuring that their needs are met.

Since Xi took the helm of China in 2012, the country has introduced more measures, laws and regulations to safeguard workers’ rights and interests.

Moreover, Xi often visits workers during domestic inspection tours to personally assess their working and living conditions.

In 2023, he inspected a residential community in Shanghai built to house workers such as construction laborers, delivery drivers and sanitation staff.

He stepped into their homes and shared facilities — public kitchens, laundries — and spoke with them to understand their living conditions firsthand.

“Migrant workers, who come to contribute to Shanghai, are equally the city’s masters,” he stressed. “It is our responsibility to ensure they can arrive, settle down, live comfortably, and thrive here.”

INVESTMENT IN SKILLS FOR THE FUTURE

At Monday’s celebration ceremony, Xi underscored the importance of adapting to the new wave of technological and industrial transformation and enhancing the workforce’s capabilities.

“High-quality development cannot be achieved without high-quality work and innovation,” he said.

This resonates with his consistent emphasis on the crucial role of skilled talent in advancing the manufacturing sector.

Over the years, Xi’s passion for craftsmanship has taken him to factory floors across the country, where he encouraged engineers, technicians and workers to hone their skills and push boundaries.

“Times may change and missions may shift, but the spirit of hard work, unity, and unyielding effort should never change,” he said at Monday’s ceremony.

MIL OSI China News –

May 2, 2025
MIL-OSI: APPlife Digital Solutions, Inc. Announces Definitive Agreement to Acquire Sugar Auto Parts, Inc.

Source: GlobeNewswire (MIL-OSI)

SAN FRANCISCO, May 01, 2025 (GLOBE NEWSWIRE) — APPlife Digital Solutions, Inc. (OTCQB: ALDS) (“APPlife” or “the Company”), a business incubator and portfolio manager specializing in e-commerce and cloud-based solutions, today announced the signing of a definitive agreement (“Agreement”) to acquire Sugar Auto Parts, Inc., a Nevada corporation.

The acquisition is anticipated to close in May 2025, subject to customary closing conditions outlined in the Agreement. Shareholders and interested parties can find comprehensive details regarding the transaction in the Company’s forthcoming 8-K filing with the Securities & Exchange Commission, expected within the next five business days.

ABOUT APPLIFE DIGITAL SOLUTIONS, INC.
APPlife Digital Solutions Inc., with offices in San Francisco, CA., and Shanghai, China, is a business incubator and portfolio manager that creates and invests in e-commerce and cloud-based solutions. The Company invests in and develops solutions for work, home life, recreation, and research that make users more productive and efficient, whether at work, home, or traveling the world. APPlife’s cloud-based businesses are designed to provide easy-to-use life solutions, often to address everyday issues and needs. They include a wide array of topics and needed services to cover the full marketplace across the spectrum. For more information, visit www.applifedigital.com.

Contact Information:
APPlife Digital Solutions
Investor Relations
Tel: (585) 232-5440
Email: jody@applifedigital.com

FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things our plans, strategies, and prospects — both business and financial. Although we believe that our plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, acquisitions, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as “believe,” “expect,” “anticipate,” “should,” “planned,” “will,” “may,” “intend,” “estimated,” and “potential,” among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to APPlife Digital Solutions, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

The MIL Network –

May 2, 2025
MIL-OSI: Data Storage Corporation Schedules First Quarter 2025 Business Update Conference Call

Source: GlobeNewswire (MIL-OSI)

MELVILLE, N.Y., May 01, 2025 (GLOBE NEWSWIRE) — Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a leading provider of multi-cloud hosting, managed cloud services, disaster recovery, cybersecurity, and IT automation, integrating seamlessly with AWS, Microsoft Azure, and Google Cloud, today announced plans to host a conference call at 11:00 a.m. Eastern Time on Thursday, May 15, 2025, to discuss the Company’s progress and the financial results for the first quarter of 2025, which ended March 31, 2025.

The conference call will be available via telephone by dialing toll-free 877-407-9219 for U.S. callers or for international callers +1-412-652-1274. A webcast of the call may be accessed at  DSC Q1 2025 Earnings Call or on the Company’s News & Events section of the website,  www.dtst.com/news-events.

A webcast replay of the call will be available on the Company’s website (www.dtst.com/news-events) through November 15, 2025. A telephone replay of the call will be available approximately three hours following the call, through May 22, 2025, and can be accessed by dialing 877-660-6853 for U.S. callers or + 1-201-612-7415 for international callers and entering conference ID: 13753165.

About Data Storage Corporation
Data Storage Corporation (Nasdaq: DTST) through its subsidiaries is a leading provider of multi-cloud hosting, fully managed cloud services, disaster recovery, cybersecurity, IT automation, and voice & data solutions. Recognizing that data migration is a critical step in transitioning from on-premises systems to the cloud, DSC provides comprehensive migration services to ensure seamless, secure, and efficient data transfer, minimizing downtime and optimizing performance.

Through its owned and operated cloud platform, built on IBM Power Cloud infrastructure, DSC delivers managed high-performance, scalable, and secure cloud solutions with interoperability across its infrastructure partners, AWS, Microsoft Azure, and Google Cloud.

Tier 3 data centers support the Company’s CloudFirst platform deployments across the United States, Canada, and the United Kingdom. DSC provides mission-critical solutions to a diverse clientele, including Fortune 500 companies, government agencies, educational institutions, and healthcare organizations.

As a leader in the multi-billion-dollar managed cloud hosting and business continuity market, DTST is recognized for its expertise in cloud infrastructure, IT modernization, and data migration, enabling clients to transition to the cloud with confidence and operational continuity.

For more information, please visit www.dtst.com or follow us on X @DataStorageCorp.

Safe Harbor Provision
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include the Company’s ability to grow its presence in Europe. These risks should not be construed as exhaustive and should be read together with the other cautionary statements included in the Company’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it was initially made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or otherwise.

Contact:
Crescendo Communications, LLC
212-671-1020
DTST@crescendo-ir.com

The MIL Network –

May 2, 2025
MIL-OSI: Bottomline Breaks New Ground with Paymode for Digital Banking

Source: GlobeNewswire (MIL-OSI)

PORTSMOUTH, N.H., May 01, 2025 (GLOBE NEWSWIRE) — Bottomline, a global leader in business payments, has announced Paymode for Digital Banking. Paymode is Bottomline’s leading business payments network, processing over $450B annually. By embedding access to Paymode into its best-in-class commercial Digital Banking solution, Bottomline’s bank clients can now offer Paymode to their business customers in a single platform.

Bottomline’s new solution introduces the industry’s first in-app self-enrollment service for supplier payments, embedded into its commercial Digital Banking platform. This capability provides banks with an additional tool to serve their customers and creates exciting new revenue opportunities for banks and their customers.

“This next phase in digital banking, unique to both Bottomline and the banking world, will help digitize more payments for corporates as well as generate more sustainable and predictable non-interest income for banks,” said Craig Saks, CEO and President of Bottomline. “With the ease of self-enrollment coupled with our large vendor population, this new solution creates a significant opportunity for corporates and banks.”

The Digital Banking solution, used by more than 440,000 businesses, coupled with Paymode and its network of over 550,000 vendors, provides the scale necessary to truly transform how businesses pay and get paid. This new embedded solution simplifies business payments, providing enhanced remittance data and helping automate more reconciliation tasks for suppliers. It also enables payers to earn rebates on payments they already make, creating a new revenue stream. Using the secure Paymode network also reduces the risk of payment fraud.

Now, banks can offer their corporate clients a more comprehensive payment experience, leading to increased engagement, greater wallet share, and stronger primary relationships. Matt Richardson, Head of Product Solutions at Citizens Bank, is partnering with Bottomline to offer this solution to Citizens business banking customers.

“Citizens works closely with their clients as a trusted advisor and strategic partner to make sure they have access to innovative solutions that help them achieve their goals,” said Richardson. “Paymode for Digital Banking is the next evolution of a product suite that will allow us to offer powerful capabilities to our clients to help give them an edge.”

Bottomline’s Digital Banking platform, consistently recognized with industry accolades, was most recently named the Best Overall Fintech Software by Fintech Breakthrough for its enhanced Digital Banking solution. The announcement of Paymode for Digital Banking exemplifies how Bottomline is taking digital banking and business payments transformation to the next level.

About Bottomline
Bottomline helps businesses transform the way they pay and get paid. A global leader in business payments and cash management, Bottomline’s secure, comprehensive solutions modernize payments for businesses and financial institutions globally. With over 35 years of experience, moving more than $16 trillion in payments annually, Bottomline is committed to driving impactful results for customers by reimagining business payments and delivering solutions that add to the bottom line. Bottomline is a portfolio company of Thoma Bravo, one of the largest software private equity firms in the world, with more than $166 billion in assets under management. For more information visit www.bottomline.com.

Trademarks
Bottomline, Paymode, and the Bottomline logo are trademarks or registered trademarks of Bottomline Technologies, Inc. All other trademarks, brand names or logos are the property of their respective owners.

Media Contact:
pr@bottomline.com

The MIL Network –

May 2, 2025
MIL-OSI: Drone-Mounted Lidar Systems for Bathymetric Surveys Market Expected to Reach $890 Million By 2032

Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., May 01, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Bathymetry is a rising subset of uses in the drone universe. Bathymetry is the study of the “beds” or “floors” of water bodies, including the ocean, rivers, streams, and lakes. LIDAR and drones drive this segment. According to a recent industry report from Grand View Research said: “The drone-mounted LiDAR systems for bathymetric surveys market is projected to experience significant growth, with the global LiDAR drone market expected to reach around $892 million by 2032. The market is driven by factors such as increasing demand for high-precision geospatial data, technological advancements in LiDAR sensors, and the integration of LiDAR with AI and machine learning. Advancements in LiDAR technology, such as improved accuracy and reduced costs, have made it more accessible for a wide range of applications. Moreover, LiDAR integration with drones and autonomous vehicles is driving market expansion. The airborne segment dominated the U.S. LiDAR industry with a revenue share of over 44.9% in 2024. Airborne LiDAR holds a dominant position in the U.S. market and is also the fastest-growing segment, driven by its extensive use in large-scale mapping, urban planning, and environmental monitoring. The ability of airborne LiDAR to cover vast areas with high accuracy makes it an essential tool for applications such as topographic mapping, flood risk assessment, and forest management. The integration of LiDAR systems with advanced drones and aircraft has further enhanced its utility, enabling cost-effective and efficient data acquisition. The rise of smart city initiatives and infrastructure development projects in the U.S. is another key factor propelling the growth of airborne LiDAR.” Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), ParaZero Technologies Ltd. (NASDAQ: PRZO), AgEagle Aerial Systems Inc. (NYSE: UAVS), EHang (NASDAQ: EH), Ondas Holdings Inc. (NASDAQ: ONDS).

Grand View Research continued: “The mobile & UAV accounted to hold significant market share in 2024. The mobile and Unmanned Aerial Vehicle (UAV) LiDAR segment is experiencing significant growth in the U.S., primarily due to its versatility and ability to collect data in dynamic environments. Mobile LiDAR systems, mounted on vehicles, are widely used for road mapping, urban modeling, and autonomous vehicle navigation. UAV-based LiDAR has gained traction in industries like agriculture, construction, and mining, where flexibility and accessibility are critical. The reduced cost of UAV platforms and advancements in compact LiDAR sensors have made this technology more accessible to a broader range of industries. Additionally, advancements in miniaturization and cost reduction are opening up new opportunities for LiDAR applications. Smaller, more affordable sensors are becoming available for use in drones, allowing for rapid aerial mapping and surveying in hard-to-reach areas.”

ZenaTech’s (NASDAQ:ZENA) Drone as a Service (DaaS) Offerings Expand to Bathymetric Surveys for Underwater Terrain Mapping for Commercial and Government Customers – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces its DaaS offerings have expanded to include bathymetric surveys, a specialized method of mapping underwater terrain using drones equipped with sonar. These surveys are important for critical underwater depth and contour data to support maintenance, dredging, environmental planning, and aquatic development for both commercial and government customers.

ZenaTech’s DaaS bathymetric surveys are now available in South Florida through the recently acquired Wallace Surveying where the team has both golf course and Intracoastal Waterway project relationships and surveying expertise. Utilizing advanced sonar and ZenaDrone drones, high-resolution underwater maps help customers make informed decisions ─ from enhanced water management and lake and channel design strategies, to ensuring long-term sustainability.

“The Wallace team brings key customer relationships and bathymetric survey expertise that will enhance our national DaaS drone offerings. Bathymetric surveys using aerial drones offer faster, safer, and more cost-effective data collection, especially in hard-to-reach or hazardous environments. Unlike conventional manned survey vessel methods, drones require fewer personnel, reduce operational risks, and can access shallow or narrow areas with greater precision,” said CEO Shaun Passley, Ph.D.

According to DataIntelo market research, the global Bathymetry Survey Sonar Market was valued at approximately $1.2 billion in 2023, this market is projected to reach $2.1 billion by 2032, growing at a CAGR of 6.2%. This encompasses sonar systems utilized in bathymetric surveys, including those deployed on drones.

ZenaTech’s DaaS business will incorporate the ZenaDrone 1000 and the IQ series of multifunction autonomous drones to provide a variety of service solutions from land surveys to power line inspections or power washing, made accessible and cost effective through an Uber-like business model on a regular subscription or pay-per-use basis. Customers can conveniently access drones for eliminating manual or time-consuming tasks achieving superior results, such as for surveying, inspections, security and law enforcement, or precision farming applications, without having to buy, operate, or maintain the drones themselves.

The DaaS business model offers customers such as government agencies, real estate developers, construction firms, farmers or energy companies reduced upfront costs as there is no need to purchase expensive drones, as well as convenience, as there is no need to manage maintenance and operation. The model also offers scalability to use more often or less often based on business needs and enables access to advanced drone technology sensors or attachments without the need for specialized training. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

Other recent developments in the markets include:

ParaZero Technologies Ltd. (NASDAQ: PRZO) announced recently that official marketing approval from the Israeli Ministry of Defense’s Defense Export Controls Agency (DECA) was received for the DropAir™ Precision Airdrop System, developed in collaboration with Heven Drones (“Heven”).

Heven is a leading U.S. drone manufacturer with roots in Israel that specializes in custom autonomous UAV platforms. This authorization from DECA enables ParaZero and Heven to actively market their joint DropAir-integrated solution to global clients across commercial, defense, and humanitarian sectors.

The DropAir system, integrated with Heven’s advanced UAVs, enables accurate and safe aerial delivery of critical payloads, including medical supplies, tactical equipment, and humanitarian aid. The combined solution is designed for autonomous deployment, enhanced safety, and mission-critical precision—especially in hard-to-reach or hazardous environments.

AgEagle Aerial Systems Inc. (NYSE: UAVS) recently announced the launch of its eBee VISION next generation application software featuring a variety of critical updates. Of particular note, is the capability for autonomous position updates with map referencing to provide precise navigation even in GNSS-denied areas where satellite signals are unavailable or unreliable due to various factors.

AgEagle CEO Bill Irby commented, “Of the many new features provided in our latest software update, overcoming GNSS-denied shortfalls marks a significant leap forward in drone operations especially for defense personnel, public safety agencies and industrial teams working in high-stakes, GNSS-denied environments. Whether operating in dense urban centers, near critical installations, or in contested zones with active signal interference, our global eBee VISION customers can now maintain full navigational command of their drone using only the camera and map-based interface. This feature directly addresses a core challenge faced by tactical and industrial drone operators in today’s complex mission environments. Our technical team will continue to work relentlessly on refinements and ongoing advancements to ensure AgEagle remains at the forefront of UAV innovation.”

EHang (NASDAQ: EH), the world’s leading Urban Air Mobility (UAM) technology platform company, recently announced that its wholly-owned subsidiary, Guangdong EHang General Aviation Co., Ltd. (“EHang General Aviation”), and its joint venture company in Hefei, Hefei HeYi Aviation Co., Ltd. (“HeYi Aviation”), have been granted the first batch of Air Operator Certificates (“OC”) for civil human-carrying pilotless aerial vehicles by the Civil Aviation Administration of China (“CAAC”).

This milestone officially marks the launch of China’s human-carrying flight era in the low-altitude economy, allowing citizens and consumers to purchase flight tickets for low-altitude tourism, urban sightseeing, and diverse commercial human-carrying flight services at related operation sites in Guangzhou and Hefei. In the future, operators will also gradually expand into more other scenarios such as urban commuting based on operational conditions legally and compliantly. The issuance of the first batch of OCs sets a new benchmark for the low-altitude economy and urban air mobility and further unleashing a more powerful vitality of the new-quality productive forces.

Ondas Holdings Inc. (NASDAQ: ONDS) recently announced it has secured a $3.4 million order for its Iron Drone Raider Counter-UAS system from renowned European defense contractor for their governmental end client. This marks the initial deployment of the Iron Drone Raider in Europe and represents a major milestone in the global expansion of Ondas’ counter-UAS business.

“Ongoing geopolitical instability and the rapid proliferation of hostile drone technologies have intensified the urgency for effective counter-UAS capabilities across NATO-aligned and partner nations,” said Eric Brock, Chairman and CEO of Ondas. “This order reflects the rising global demand for autonomous aerial defense systems that can be rapidly deployed, scaled, and adapted to modern threat environments. Iron Drone Raider delivers a differentiated solution for military and homeland security operators charged with safeguarding critical infrastructure and civilian populations from increasingly sophisticated aerial threats.”

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The MIL Network –

May 2, 2025
MIL-OSI Global: Why Donald Trump’s trade tariffs are a threat to global food security

Source: The Conversation – UK – By Lotanna Emediegwu, Senior Lecturer in Economics, Manchester Metropolitan University

Billion Photos/Shutterstock

Donald Trump’s tariffs will make many things more expensive for his fellow US citizens. The price of imported cars, building materials and some tech will go up – and so will the cost of the food on American dining tables.

The US currently imports around 16% of its food supply, with a large proportion of its fruit and vegetables coming from countries now hit by tariffs.

Mexico stands out. It supplies over half the fresh fruit and nearly 70% of the fresh vegetables consumed in the US.

And even when it comes to home grown produce, the US still depends on imported fertiliser for its crops, with Canada providing up to 85% of its neighbour’s supply.

So grocery bills for American families, especially for fresh produce (and processed foods dependent on foreign ingredients) will get higher. But there will also be a noticeable effect on food prices outside the US.

The consequences could be particularly serious for developing economies that rely on stable international prices to secure affordable food imports. The prices of many global staples including maize, wheat and soybeans are benchmarked against US markets so when disruptions occur, they reverberate globally.

Research I conducted with a colleague found that when international prices are disturbed, local food prices, especially in developing countries, go up.

Take global maize prices, which this year rose by 7% between April 2 (Trump’s “liberation day”) and April 11. Our study suggests this will immediately lead to a similar increase in local maize prices in places like sub-Saharan Africa.

This is where many of the world’s poorest people live, with hundreds of millions in households earning below the World Bank’s poverty line of US$2.15 (£1.61) per day. When much of that income is spent on food, a 7% increase in the price of maize could be devastating.

Growth market

According to another study, tariffs on agricultural products such as fertiliser will increase global production costs, potentially lowering crop yields and worsening food insecurity.

While the US has reduced tariffs on Canadian potash from 25% to 10%, other fertiliser producers face steeper levels (up to 28% for another major exporter, Tunisia, before Trump’s reciprocal tariffs were paused).

This is especially worrying for agriculture in countries like Brazil, India and Nigeria, which are still reeling from fertiliser shortages caused by the war between Russia and Ukraine. As with food costs, US tariffs are likely to drive up prices in the global fertiliser market, making it more expensive for everyone, everywhere.

And when the cost of farming rises, crop production can suffer. This could significantly weaken food production in developing countries that are already battling climate change and volatile markets.

Another study I conducted found that countries such as the Democratic Republic of the Congo and Somalia – already struggling with food insecurity – are among the most vulnerable to local food price shocks. These economies depend heavily on food imports and face high exposure to currency fluctuations and transport costs.

A banana field in the Democratic Republic of the Congo.
giulio napolitano/Shutterstock

If the trade war escalates, farmers in these regions may be forced to abandon staple crops for cash commodities such as cocoa or coffee, deepening their reliance on volatile global markets and reducing their food self-sufficiency. Global inequality will worsen unless things change.

One option would be to protect essential agricultural imports, especially fertilizers and staple foods, from punitive tariffs. This would stabilise prices and protect vulnerable economies. The recently announced 90-day pause for negotiations offers a glimmer of hope, but it must be used wisely to build a more equitable trading system.

In the long term, developing countries need to bolster the resilience of their food systems. My research recommends investing heavily in mechanised agriculture which is resilient to climate change, incentivising farmers with government support, and strengthening regional trade.

The global food system is heavily interconnected. Decisions made in Washington can quickly affect food prices in Lagos, Cairo and New Delhi. And if tariffs go unchecked, they may unleash a silent and subtle crisis – one measured not in GDP, but in millions of empty stomachs.

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

– ref. Why Donald Trump’s trade tariffs are a threat to global food security – https://theconversation.com/why-donald-trumps-trade-tariffs-are-a-threat-to-global-food-security-255064

MIL OSI – Global Reports –

May 2, 2025
MIL-OSI Global: Using fire to produce nanoparticles could revolutionize various industries

Source: The Conversation – Canada – By Keroles Riad, Postdoctoral fellow, Energy and Particle Technology Laboratory, Carleton University

Fire is how most widely used nanoparticles — and by extension nanotechnologies — are made. (Shutterstock)

Fire is arguably humanity’s earliest discovery. It was pivotal in advancing society — underpinning many of humanity’s most transformative inventions, from cooking and forging weapons to generating energy and enabling car combustion engines.

Today, fire continues to be the gateway to some of the most cutting-edge nanotechnologies currently being developed for use in cancer treatments and as breath sensors for early detection of diabetes and other metabolic diseases.

Nanotechnologies can be found in almost every aspect of our daily lives. For instance, I have previously written about the nanotechnology used in the mRNA vaccines that helped us through the pandemic, and have facilitated conversations discussing how nanotechnology affects our wine, gut and climate.

For example, gas sensors incorporating nanoparticles made via fire can be used to verify that there’s no methanol in alcoholic beverages. Methanol is a highly poisonous alcohol contaminant, and has caused numerous poisonings worldwide.

Fire is how most widely used nanoparticles — and by extension, nanotechnologies — are made. For example, a third of a car tire’s weight is comprised of carbon black nanoparticles, which are made using fire. These nanoparticles help to reinforce the tire. The white paint we use on our walls and the coatings on some pills contain fire-made titania nanoparticles. Similarly, fumed silica — which is used in the optical fibres needed for internet and communication systems — are also forged in fire.

How nanotechnology is made

So how do nanoparticles, which are 80 to 100 thousand times smaller than the thickness of a human hair, form inside a fire?

I specialize in making nanoparticles in fire — specifically using a technology called flame spray pyrolysis.

In my research, I burn flammable chemicals that contain the target metal elements to form my nanoparticles. Everything gets oxidized during combustion: carbon becomes CO2, hydrogen becomes water vapor and metal elements become metal oxides.

During the milliseconds that these metal oxide particulates spend inside the fire, they collide and grow into nano- or micro-particles. I collect these particles on a filter on top of the fire. Important properties such as the size and crystal structure of the nanoparticles that are produced depend on how much time these particles spend inside the fire.

The more time the particles have to collide inside the forging fire, the larger they grow. We can also make complicated particles consisting of multiple elements by burning a mixture of different chemicals. This process is both versatile and scalable — allowing millions of tonnes of nanoparticles to be produced each year.

Carbon black is a nanoparticle that is produced through flame spray pyrolysis.
(Shutterstock)

Overcoming limitations

Being able to mass-produce nanoparticles has been one of the biggest challenges of producing nanotechnologies on a larger scale. This is because most of the nanoparticles used in nanotechnologies can only be made via “wet chemistry,” or by using liquids.

It can take hours of working with liquid in beakers, mixing them, heating them, then separating and centrifuging them just to obtain tiny amounts of material. These processes are often too expensive and too dangerous to scale enough for viable commercialisation.

For instance, quantum dots (nanoparticles made from semiconducting materials which have both optical and electrical properties) — the discovery of which was celebrated by the Chemistry Noble Prize in 2023. These have the potential to revolutionize many technologies — including solar cells, carbon capture and contrast agents used in medical imaging.

However, quantum dots are hardly ever used in those technologies on a large scale because the prohibitive cost of making them via wet chemistry can be as high as US$45,000 per gram.

But unlike wet chemistry, fire is simple, cheap, scaleable and surprisingly safe. So when processes that allow for the production of high value nanoparticles, such as quantum dots, with fire are developed, costs drastically drop and they become immediately scaleable and of potential interest to industry.

Fire can also produce harmful particles and by-products.

For instance, if you place a napkin in front of the exhaust of your car, black stuff will accumulate on it. This black residue is soot particles produced by the fire burning inside the engine. Similarly, smoking cigarettes causes soot to form and accumulate in a smoker’s lung, often causing cancer.

Soot is also, by some estimations, the third highest contributor to global warming after carbon dioxide and methane. However, those assessments may actually be underestimating the true contribution of soot to greenhouse gas effects.

Flame spray pyrolysis technology has also been used to simulate combustion conditions to not only study the impact of generated soot more accurately, but also test process changes that could virtually eliminate soot emissions. For example, one study used flame spray pyrolysis to show that injecting air downstream of jet fuel combustion can reduce soot emission by more than 90 per cent. Flame spray pyrolysis could continue to be a useful tool in researching the impacts of pollution.

The future of nanoparticles

But not all nanoparticles can be produced by fire. As such, research exploring new recipes and processes to make high-value nanoparticles that are not yet possible to make in fire could have a large impact.

For example, a major focus of my current work is to explore the possibility of using fire to make graphene. Graphene is the strongest material known at the nanoscale. My previous work shows that by using ultraviolet light, graphene can be transformed into strong macroscopic structures — possibly allowing it to be used in 3D printing.

Graphene is the strongest material known at nanoscale.
(Shutterstock)

Further, there’s massive untapped potential in nanomedicine to integrate the nanoparticles that are already possible to make in fire. Only about 30 types of nanoparticles are approved by the U.S. Food and Drug Administration — such as those used in COVID-19 vaccines, as well as iron-based nanoparticles used for treating anemia and kidney disease.

All those approved nanomedicines are given via injections. This leaves plenty of room to explore the benefits of inorganic nanoparticles in medicine — especially orally administrated therapeutics.

Keroles Riad is the founder and CEO of O Nanotech Solutions, a startup that produces flame-made quantum dots. He also receives funding from NSERC as a Canada Banting Postdoctoral Fellow. He also receives funding from MITACS as a part of their Accelerate Entrepreneur Program. He holds both scholarships at Carleton University. He is also the CEO of enuf, a Bcorp-certified social enterprise focused on sustainable waste management.

– ref. Using fire to produce nanoparticles could revolutionize various industries – https://theconversation.com/using-fire-to-produce-nanoparticles-could-revolutionize-various-industries-234058

MIL OSI – Global Reports –

May 2, 2025
MIL-OSI: Buxton Helmsley Announces Corporate Transformation, Director and Officer Appointments
Source: GlobeNewswire (MIL-OSI)

Announces Recent Corporate Transformation and Further Plans Involving Reimagined Enterprise

Announces Commencement of USD$50mm Private Placement of Common Stock Ownership in Buxton Helmsley Parent Company, Having Received Immediate Subscriptions, and Exploring Possible Direct Listing on New York Stock Exchange

Substantial Majority of Offering Proceeds to Be Temporarily Allocated Toward Launch of Inaugural Fund, with Parent Company Investors Obtaining Fee-Free Indirect Fund Exposure and Unique Economic Benefits Not Experienced by Unaffiliated Limited Partners

Alexander E. Parker, Ranked Among the Top 15% of Global Activist Investors by Engagement Volume According to Bloomberg’s “Activism League Tables,” Appointed as Chairman of the Board and Chief Executive Officer

Appoints Independent Financial Industry Veterans Charles Garcia, Rumbi Petrozzello, and Beth Haddock to Board of Directors

Appoints Tenured Financial and Venture Capital Professional Johnathan Flickinger as Executive Vice President and Chief Financial Officer

Appoints Former BNP Paribas and UBS Equity Research Head Weiyee In [殷維一] as Head of Capital Markets Research

Plans to Form The Buxton Helmsley Foundation, to Begin Operations in Q4 2025

NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) — Buxton Helmsley, Inc. (together with certain of its affiliates, “BH”, “we”, or the “Company”), a New York City-based alternative asset manager, today announced a series of actions taken between February and April 2025. These initiatives follow the continued success of its flagship low-correlation defensive activism strategy, which has consistently captured opportunities across market cycles. BH has also unveiled plans involving a USD$50 million private placement of common stock in parent company Buxton Helmsley, Inc. (offering unique benefits to investors distinct from underlying BH fund offerings):
- Commencement of USD$50 Million Private Placement of Common Stock in Parent Company, Buxton Helmsley, Inc. – BH has commenced a Rule 506(c) private placement of USD $50 million of common stock (the “New Private Offering”). Immediately prior to commencement (under Rule 506(b)), BH secured initial subscriptions. A substantial majority of the proceeds from the New Private Offering will be allocated to sponsoring BH’s inaugural investment fund, carrying forward an expanded version of the defensive activism strategy developed by Alexander E. Parker. This initiative further solidifies the Buxton Helmsley name among the top 15% of global activist investors by engagement volume, as ranked within Bloomberg’s “Activism League Tables.” BH has also begun exploring a potential direct listing of its common stock on the New York Stock Exchange.
  BH is preparing to launch its largest investor advocacy initiative to date, targeting a global corporation with a market capitalization of over $5 billion. Evidence of extensive insider trading among senior executives and “hush money” payments to whistleblowers is anticipated to drive an immediate, majority board refresh, allowing for BH to thereafter unlock significant operational and financial improvements. Given the anticipated media coverage and heightened investor interest once the initiative becomes public, pricing for future BH common stock sales will likely be adjusted upward following the public disclosure of this latest and largest campaign. Prospective investors wishing to participate under the current terms of the New Private Offering are encouraged to inquire about investing before the public announcement.
  
  Interested investors should inquire via e-mail at ir@buxtonhelmsley.com.
- Commencement of Investor Discussions and Acceptance of New Private Offering Subscriptions – BH has initiated discussions with investment banks, high-net-worth individuals, family offices, and institutional investors, and has begun accepting New Private Offering subscriptions. All investors must be accredited, and reasonable steps will be taken to verify accreditation in accordance with U.S. securities laws. The New Private Offering is not being conducted in any jurisdiction where such an offering would be unlawful under that jurisdiction’s securities laws, and eligibility screening will apply to all investors, regardless of domicile.
- Appoints Financial Industry Veterans Charles Garcia, Rumbi Petrozzello, and Beth Haddock to Board of Directors:
  - Charles Garcia – Mr. Garcia serves as the Chair of the Nominating and Governance Committee and a Member of Audit Committee at BH, where he contributes his expertise in executive leadership, corporate governance, and financial oversight. With significant experience across capital markets and financial services, he brings valuable perspective to the Company’s leadership structure. Before joining BH, Mr. Garcia founded Climb Leadership International, a company dedicated to fostering leadership excellence at Fortune 500 companies, financial institutions, and financial technology firms. His distinguished career includes serving as a Managing Director at Citadel and Director of Business Development at BlackRock. Mr. Garcia began his professional journey at Bloomberg LP, where he spearheaded the company’s strategic expansion across Latin America. Beyond his corporate achievements, Mr. Garcia has made significant academic contributions as an adjunct professor at Columbia University, and as a professor and Assistant Dean at Long Island University Post’s School of Business. His combined experience in financial markets, leadership development, and academia provides BH with comprehensive governance expertise.
  - Rumbi B. Petrozzello, CPA CFF CFE – Ms. Petrozzello serves as the Chair of the Audit Committee and a Member of the Nominating and Governance Committee at BH, where she contributes her extensive expertise in accounting, forensic investigation, and compliance oversight. As a Certified Public Accountant (CPA), Certified in Financial Forensics (CFF), and a Certified Fraud Examiner (CFE), she brings critical financial governance skills to the firm’s leadership team. Before joining BH, Ms. Petrozzello established herself as a principal at Rock Consulting, where she provides specialized consulting services focused on internal control adequacy and litigation support for accounting and financial matters. At Seramount, a professional services and research firm, she serves as Head of Strategy, Consulting, driving initiatives to advance high-performing, inclusive workplaces. Her leadership experience includes serving as past President of the New York State Society of CPAs, in addition to actively serving as a member of the Board of Directors of the American Institute of Certified Public Accountants (AICPA). Ms. Petrozzello’s combination of forensic accounting expertise, strategic consulting experience, and professional leadership provides BH with exceptional financial oversight capabilities.
  - Beth Haddock, Esq. – Ms. Haddock serves on the Audit Committee and the Nominating and Governance Committee at Buxton Helmsley, bringing over 25 years of strategic leadership in financial services, fintech, and corporate governance. She has held leadership roles across diverse environments, from large public multinationals to privately held startups, with revenues ranging from under $100 million to over $10 billion. Her background includes leadership roles at AXA S.A., Brown Brothers Harriman, Guggenheim Investments, and AdvisorEngine (acquired by Franklin Templeton), driving growth through strategic corporate development, risk management, and operational execution. Beth’s expertise spans finance, regulation, and market development, with notable initiatives including the launch of new European Union service centers, successful government grant applications, compliance program redesigns, and global fund expansion. With over seven years of experience in emerging technologies, she is well-versed in regulatory strategy, compliance, and litigation. Beth has led high-impact legal and compliance departments, holds a patent for measuring return on investment with relation to compliance initiatives, and is the author of Triple Bottom-Line Compliance, where she advocates for pragmatic, sustainable governance frameworks that deliver protection, productivity, and long-term value.
- Appoints Alexander E. Parker as Chairman of the Board and Chief Executive Officer – Mr. Parker’s defensive and transformative investor engagement campaigns have resulted in the Buxton Helmsley name, over the course of approximately a decade, being ranked among the top 15% of global activist investors (according to Bloomberg, based on investor engagement volume). With a proven track record of impact-oriented investing to resolve market integrity issues and to catalyze positive corporate transformations, Mr. Parker has successfully led the firm’s investor advocacy initiatives by combining straightforward business acumen with a deep knowledge of securities, accounting, and legal obligations at publicly traded companies. Before establishing his leadership at BH, Mr. Parker built a reputation as an effective whistleblower, with securities regulators subsequently charging violations at entities he identified. His investor engagement campaigns have gained recognition in prestigious publications, including The Harvard Law School Forum on Corporate Governance. Mr. Parker studied finance and economics at Mercy University of New York City, where he participated in the school’s honors business program. Based in Manhattan, he maintains an influential network that advances Buxton Helmsley’s investor objectives. Mr. Parker has been featured in leading financial publications including The Wall Street Journal, Bloomberg, MarketWatch, The Irish Times, and TheStreet.com. As a licensed investment professional through the Financial Industry Regulatory Authority (FINRA) and a FINRA-appointed arbitrator, he brings additional credibility and regulatory insight to his leadership role.
- Appoints Johnathan J. Flickinger as Executive Vice President and Chief Financial Officer – Mr. Flickinger has been appointed to serve as Executive Vice President and Chief Financial Officer at BH, bringing nearly a decade of experience in financial management and private equity operations. His career spans public multinational organizations and high-growth startups, where he has led initiatives to scale internal operations and strengthen financial reporting. Prior to joining BH, Mr. Flickinger held roles at AngelList, Unilever, and The Livekindly Collective. He has overseen compliance operations for emerging venture firms, global financial planning and analysis initiatives, and has included implementation of post-acquisition financial reporting controls across international organizations. Before joining BH, Johnathan founded a venture-backed fintech company delivering an AI-native solution for registered investment advisors. Recognized for his ability to build scalable financial infrastructure, Mr. Flickinger brings to the firm a distinctive blend of corporate finance acumen, entrepreneurial perspective, and strategic leadership.
- Appoints Weiyee In [殷維一] as Head of Capital Markets Research – Mr. In serves as the Head of Capital Markets Research and Chair of the Expert Advisory Board at BH, where he leverages his extensive background as a publishing Wall Street analyst and senior executive at global financial institutions. With expertise spanning technology, media, and telecommunications (TMT) equities, Mr. In has played a pivotal role in shaping investment strategies across multinational banks, including UBS and BNP Paribas. Mr. In has also engaged in digital asset custody and institutional trading at several chartered financial institutions. Over his career, he has held leadership roles in equity research, sustainability strategy (ESG), and regulatory advisory, developing AI-driven solutions for financial compliance frameworks such as MiFID II, GDPR, and AML/KYC regulations. A native of New York City, Mr. In has spent much of his career as an expatriate, working in London, Paris, Hong Kong, Taiwan, and across Southeast Asia. As an active angel investor and advisor, he has contributed to fintech, AI, data analytics, and industrial automation startups across Asia and Europe. His work in digital ledger technology (DLT) integration, trade analytics, and financial custody solutions has driven innovation in institutional investment and regulatory compliance.
- Revocation of Historical “Buxton Helmsley” Trademark Licensees – On February 24, 2025, BH acquired the “Buxton Helmsley” trademark and related intellectual property (the “BH IP”) from BH founder Alexander E. Parker. Immediately prior to BH’s acquisition of the BH IP, Mr. Parker formally revoked the authorization to use the BH IP from two unaffiliated entities (Buxton Helmsley Holdings, Inc. and The Buxton Helmsley Group, Inc.), both of which have no shared economic interest or affiliation with BH. BH expressly disclaims any and all activities of these entities for which it is entirely unaffiliated. Immediately after BH’s acquisition of the BH IP, BH filed for formal registration of the BH IP with the USPTO.
- Formation of Buxton Helmsley USA, Inc. – Following the formation and acquisition of the BH IP, BH formed Buxton Helmsley USA, Inc., a newly-registered exempt reporting advisor, having filed the necessary documents with the State of New York.
- Plans to Form The Buxton Helmsley Foundation in Q4 2025 – As part of its continuing commitment to driving positive public impact, BH plans to establish The Buxton Helmsley Foundation (the “BHF”) in Q4 2025. Concurrent with the formation of BHF, BH will appoint a board of trustees to manage the charitable affairs of BHF. BHF will focus on strategic philanthropy, including medical research and innovation, development of education and economic opportunity, and whistleblower protection. BHF will manage its endowment, comprised of contributions from BH and external donors, to drive a long-term and sustainable impact.
  Mr. Parker intends to donate to BHF his direct personal economic interest in a pending lawsuit filed against defendants Assertio Holdings, Inc. and its Chief Executive Officer, Brendan P. O’Grady. The suit alleges defamation per se (the “Assertio Defamation Claim”) arising from the defendants’ response to a scheme of clinical data fraud alleged by multiple former executives-turned-whistleblowers of an Assertio subsidiary (specifically, Spectrum Pharmaceuticals, Inc., the maker of cancer drug Rolvedon, previously clinically tested as Rolontis). Mr. Parker will request that the BHF board of trustees earmark such funds for allocation to cancer-focused causes.
  
  To view the official court filing for Mr. Parker’s Assertio Defamation Claim: https://www.buxtonhelmsley.com/asrt/
  
  The official court transcript from the most recent hearing in which Mr. Parker is a party to (though, BH and its affiliates are not a party to): https://www.buxtonhelmsley.com/asrt/
“This transformation marks a defining moment in Buxton Helmsley’s trajectory,” said Alexander E. Parker, Chairman and Chief Executive Officer. “What was once a broader, multi-pronged enterprise has now been reimagined as a focused, high-conviction enterprise dedicated solely to alternative asset management. With this sharpened mission and a newly fortified leadership team of industry-leading professionals, Buxton Helmsley is positioned to deliver institutional-grade strategy, integrity-driven investing, and scalable impact. The launch of our $50 million private offering, alongside the formation of The Buxton Helmsley Foundation, underscores our commitment to shaping capital markets and societal outcomes alike, with both precision and purpose, to leave a long-term legacy.”

Accredited investors interested in the USD$50 million New Private Offering may obtain more details at: https://www.buxtonhelmsley.com/news-and-insights/announcements/our-next-chapter

About Buxton Helmsley

Buxton Helmsley, Inc. is a New York City-based alternative asset management firm, managing both active and passive investment strategies across a range of asset classes, with a general focus on opportunities in North America and Europe. The firm’s investment approach is based on deep fundamental analysis and risk management, with a focus on ensuring disclosure obligations are being upheld under applicable accounting standards and securities laws.

Disclosures Related to Private Offering

The information provided within this press release by Buxton Helmsley, Inc. (“BH”) and its affiliates is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any securities or investment products. This information does not constitute investment, legal, tax, or other advice. BH makes no representation or warranty as to the accuracy, completeness, or reliability of the information contained herein.

BH is an alternative asset manager and has not been and will not be registered under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”) and, as such, investors will not be entitled to the benefits of the Investment Company Act. Investments in BH may involve a high degree of risk and may employ speculative investment practices. Past performance is not indicative of future results. The value of investments may fluctuate, and investors may lose the entire amount invested. Investment in any of the investment funds or securities offered by BH is available only to eligible investors pursuant to the relevant offering documents, which should be read in their entirety.

BH and its affiliates, officers, directors, employees, and agents shall have no liability for any loss or damage arising from reliance on the information contained herein. Access to this website may be restricted under the securities laws in certain jurisdictions. Readers should verify that they are permitted to access this information under applicable law, given that this information may be republished. BH disclaims any and all liability for any unlawful access to this information.

Cautionary Statement Regarding Forward-Looking Statements

The information herein contains “forward-looking statements.” Specific forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “explores,” “estimates,” “projects,” “potential,” “targets,” “forecasts,” “seeks,” “could,” “should” and/or the negative of such terms or other variations on such terms or comparable terminology. Similarly, statements that describe our objectives, plans, or goals are forward-looking and are subject to various risks, uncertainties, and assumptions. There is no assurance that any idea or assumption herein is, or will be proven, correct, or that any of the objectives, plans or goals stated herein will ultimately be undertaken or achieved. If one or more of such risks or uncertainties materialize, or if any of BH’s underlying assumptions prove to be incorrect, any actual results may vary materially from any outcomes indicated or suggested by these statements. Accordingly, any and all forward-looking statements should not be regarded nor interpreted as a representation by BH that any and/or all future plans, estimates, or expectations contemplated will ever be achieved.

The MIL Network –
May 2, 2025
MIL-OSI China: China’s Canton Fair cuts booth fees to support exporters

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

GUANGZHOU, May 1 — The 137th China Import and Export Fair, also known as the Canton Fair, will reduce booth fees by 50 percent for export exhibitors, a move aimed at helping exporters navigate global trade challenges.

Booths in rural revitalization and other special zones will remain rent-free, the China Foreign Trade Center, organizer of the Canton Fair, announced on Thursday as the third phase of the fair opened.

The adjusted booth fees have been published on the fair’s official website, with a 9-square-meter booth now generally priced at just over 10,000 yuan (about 1,375 U.S. dollars). The waived portion of the previously collected fees will be refunded, according to the organizer.

The third phase features over 12,000 exhibitors in 21 sections, showcasing products such as toys and maternity goods, fashion, home textiles, stationery, and health and recreation items.

This edition of the fair, held in the southern Chinese metropolis of Guangzhou from April 15 to May 5, is organized into three themed phases. The first one focused on advanced manufacturing, the second on quality home furnishings, and the third on products that promote a better quality of life.

More than 220,000 overseas buyers from 219 countries and regions attended the first two phases, setting a record. The fair has seen packed venues with vibrant buyer-seller engagement since opening, indicating the resilience of China’s foreign trade.

MIL OSI China News –

May 2, 2025

Category: Trade

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