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Category: Transport

  • MIL-OSI: Arax Investment Partners Acquires Cedrus Financial

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 27, 2025 (GLOBE NEWSWIRE) — Arax Investment Partners (“Arax”), a premier wealth and asset management platform company backed by RedBird Capital Partners (“RedBird”), today announced that it has acquired Cedrus Financial (“Cedrus”), an established RIA headquartered in Littleton, Colorado, managing around $1 billion in assets under management. Financial terms of the transaction were not disclosed.

    The acquisition marks the latest addition to Arax’s expanding platform, which partners with leading boutique wealth management firms and financial advisors to unlock strategic business growth and provide complementary investment opportunities, alongside an enhanced client experience. Cedrus will operate within Arax Advisory Partners, which is Arax’s coalition of independent firms focused on specialized services, investment advice and supervisory solutions for institutions, high-net-worth families and elite athletes.

    “At Cedrus, our goal has always been meeting the needs of our clients,” said Mark Neely, Managing Partner at Cedrus. “Joining the Arax platform provides access to operational synergies and technological advancements that will support the scaled growth of our business, compounding our ability to deliver premium service to our clients and help them achieve their financial goals.”

    “Our multi-boutique wealth management strategy continues to attract the best in the business, supporting the growth and expansion of the Arax platform,” said Haig Ariyan, Chief Executive Officer of Arax. “In Cedrus, we found a partner firm with a unique and personalized approach that prioritizes integrity and collaboration in service of clients – in other words, a natural fit for our platform. We look forward to working with the Cedrus team.”

    About CĒDRUS Financial
    Founded in 2013, Cedrus is a wealth management and investment advisory firm providing financial planning, portfolio management and advisor selection services to high-net-worth families. The firm pairs cutting-edge wealth management strategies with 100 years of combined experience in small business ownership, corporate management and wealth preservation to create holistic wealth management solutions in support of its clients’ financial goals. With a footprint across Colorado and Idaho, Cedrus is the partner of choice for individuals seeking a transparent and communicative approach to managing family wealth.

    About Arax Investment Partners
    Arax Investment Partners is a rapidly growing, multi-boutique wealth management platform making strategic control investments in best-in-class operating companies in partnership with their founders and management teams. Arax is focused on making strategic investments and supporting RIAs, hybrid wealth managers, and advisor teams seeking a new growth platform to scale their businesses.

    Arax enables its partners and affiliates to be entrepreneurial and focus on delivering industry-leading financial services to their clients. Firms within the Arax network benefit from a seasoned management team with a successful track record of scaling wealth platforms, M&A experience, capital sourcing capabilities and company-building expertise backed by a proven investor with an extensive network, RedBird Capital Partners. Our experienced leaders, multi-platform structure and growth equity partnership create a unique advantage for our partners. For more information, please go to www.araxpartners.com.

    About RedBird Capital Partners
    RedBird Capital Partners is a private investment firm that builds high-growth companies with strategic capital solutions to founders and entrepreneurs. The firm currently manages $10 billion in assets on behalf of a global group of blue chip institutional and family office investors. Founded in 2014 by Gerry Cardinale, RedBird integrates sophisticated private equity investing with a hands-on business building mandate that focuses on three core industry verticals – Financial Services, Sports and Media & Entertainment. Over his 30-year investment career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic growth companies in their respective industries. For more information, please go to www.redbirdcap.com.

    Media Contact:

    Dan Gagnier
    Gagnier Communications
    RedBird@gagnierfc.com

    The MIL Network –

  • MIL-OSI: LPL Financial Welcomes Bruen Wealth Management

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Jan. 27, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA) announced today that father and son financial advisors William “Bill” Bruen, Jr., and Andrew Bruen have joined LPL Financial’s broker-dealer, aligned with existing firm Paradigm Partners. The Bruens reported serving approximately $1.3 billion in advisory, brokerage and retirement plan assets* and join LPL from UBS.

    The Bruen family has a long and distinguished history of providing investment advice and wealth management services in Morristown, N.J., dating back to 1922 with the establishment of family patriarch James Bruen’s practice. His son, William Bruen, Sr., joined the business in 1950, retiring in 2020 after 70 years of dedicated service, and now Bill and Andrew continue the family legacy, extending their services to third and fourth generations of clients.

    Bill, who served in the U.S. Navy prior to joining the family business, said the opportunity to work alongside his father and son has been his greatest blessing. Andrew shares that sentiment, noting that he interned at the family practice throughout high school and college and gained valuable early insight into the industry that accelerated his career.

    “For over a century, our practice’s guiding principle has been to provide clients with ‘a plan for today, tomorrow and generations to come,” Andrew said. “We want to empower individuals and families to build lasting legacies through steadfast wealth management backed by personal relationships.”

    Seeking freedom and flexibility in how they evolve the next chapter of the family business, the Bruens chose to move their firm to LPL. They are proud to launch their new independent practice, Bruen Wealth Management.

    “Our vision for this firm is a direct reflection of my father’s and grandfather’s goals, as we learned how the business should be operated from them,” Bill said. “As stewards of the practice, we value the autonomy to act in the best interests of our clients, outside of corporate directives. By going independent with LPL, and with an added layer of support from Paradigm, we control the legacy that our family has sustained over the past 103 years, which is diligent care of our practice and clients. It is a promising signal for the next 100 years of our firm.”

    The Bruens are highly active in their community. Bill serves on the board of the Foundation for Morristown Medical Center and is a member of the Washington Association of New Jersey. He is also chairman of the Brookfield Legacy Society and a Trustee Emeritus of the United States Naval Academy Foundation. Andrew has served as a volunteer at Morristown Medical Center in a variety of capacities, currently serving on the Brookfield Legacy Society Committee. He also serves on the board of the New Vernon Cemetery Association in New Vernon, N.J.

    Andrew Koltunowicz, Managing Partner at Paradigm Partners, said, “We are so pleased to welcome Bill and Andrew to Paradigm Partners. Their longstanding history in their community, commitment to clients, multigenerational wealth management expertise and focus on delivering personalized advice make them an ideal fit for our firm. We look forward to a long and successful partnership.”

    Scott Posner, LPL Executive Vice President, Business Development, said, “We extend a warm welcome to Bill and Andrew, and congratulate Paradigm on growing its network. We understand that successful advisors like the Bruens want the freedom to choose what suits their clients’ needs and the autonomy to shape and enhance their client relationships. We look forward to supporting their growth as they build on their family’s impressive legacy.”

    Related

    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 28,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker dealer, member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States. Bruen Wealth Management, Paradigm Partners and LPL are separate entities.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2024.

    Media Contact: 
    Media.relations@LPLFinancial.com 
    (704) 996-1840

    Tracking #681312

    The MIL Network –

  • MIL-OSI: Urgently Announces Appointment of Alex Zyngier to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va, Jan. 27, 2025 (GLOBE NEWSWIRE) — Urgent.ly Inc. (Nasdaq: ULY) (“Urgently” or “the Company”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced today its board of directors has appointed Alex Zyngier to serve as a member of the board, effective January 23, 2025.

    “Alex is a seasoned leader with a proven track record of navigating complex business challenges and driving growth,” said Matt Booth, Chief Executive Officer and President of Urgently. “With over 30 years of investment, strategy, governance and operating experience across a range of industries, Alex brings a wealth of expertise to Urgently as the Company continues to transform the roadside assistance industry. We are thrilled to welcome him to our board and look forward to his contributions.”

    “I am honored to join the Board of Directors at Urgently, a company at the forefront of digital innovation in roadside assistance,” said Alex Zyngier. “Since debuting as a public company, Urgently has made remarkable progress in driving margin expansion through financial and operational improvements, while continuing to deliver an exceptional customer experience and value to its partners. In addition, the Company has demonstrated positive traction in the marketplace, as evident by the significant contract renewals, expansions and new customer wins. Urgently is at an exciting point in its growth, and I look forward to working with the board and leadership team to help drive strategic initiatives, enhance operational excellence, and expand Urgently’s impact on the mobility ecosystem.”

    Alex is the Founder and Managing Director of Batuta Capital Advisors, a private investment and advisory firm. He currently serves as Chairman of the Board for COFINA and EVO Transportation, as well as a director for various public and private companies, including Atari SA, Nu Ride, SlamCorp and Unifin Financiera. His extensive experience includes leadership roles in complex transactions, mergers and acquisitions, and strategic financial advisory. Alex’s diverse background spans roles as a Portfolio Manager at Alden Global/Smith Management, Goldman Sachs, and Deutsche Bank, focusing on distressed investments and special situations. He has also served as an Engagement Manager at McKinsey & Co. and a Technical Brand Manager at Procter & Gamble. His educational background includes an MBA in Finance and Accounting from the University of Chicago and a Bachelor of Science in Chemical Engineering from UNICAMP.

    About Urgently

    Urgently is focused on helping everyone move safely, without disruption, by safeguarding drivers, promptly assisting their journey, and employing technology to proactively avert possible issues. The company’s digitally native software platform combines location-based services, real-time data, AI and machine-to-machine communication to power roadside assistance solutions for leading brands across automotive, insurance, telematics and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty, by delivering innovative, transparent and exceptional connected mobility assistance experiences on a global scale. For more information, visit www.geturgently.com.

    For media and investment inquiries, please contact:

    Press: media@geturgently.com

    Investor Relations: investorrelations@geturgently.com

    The MIL Network –

  • MIL-OSI: Western Financial Group Celebrates Branch Opening in Dawson Creek

    Source: GlobeNewswire (MIL-OSI)

    DAWSON CREEK, British Columbia, Jan. 27, 2025 (GLOBE NEWSWIRE) — A great way to kick off 2025! Western Financial Group (Western) is pleased to announce a new, redesigned branch opening in the city of Dawson Creek on January 31, 2025. With a focus on care, convenience, and unmatched customer service, Western wants to be where our customers are. We’re providing service in convenient and accessible ways – whether online, by phone, or in person.

    “It’s an exciting time here at Western, we have robust plans for growth while maintaining our commitment to care in all that we do,” said Western Financial Group Chief Executive Officer, Grant Ostir. “Buying insurance should be easy and we want our customers to come to us for advice, knowing we’ve got their best interests at heart. Branch opening events like these give us a great opportunity to connect with our current and future customers, giving them a chance to get to know us and what we’re all about.”

    The new branch has an updated look and feel, and boasts not one, but two drive-thru windows for customer ease and accessibility. The branch is open from Monday to Friday, 8 am to 8 pm (drive thru only from 6-8 pm); Saturday 9 am to 5:30 pm (in office & drive thru); Sunday 11 am to 5 pm (drive thru only).

    Grand opening/Ribbon cutting ceremony details:

    DATE: January 31, 2025
       
    TIME: 12pm-2pm (Ribbon cutting at 1pm)
       
    WHERE: 11300 8 Street, Dawson Creek
       
    WHO: Grant Ostir, Western Financial Group CEO
       
      Darren Sinclair, Western Financial Group Vice President, Sales
       
      Darcy Dober, Mayor of Dawson Creek
       
    WHAT: Local city officials and Western Financial Group leaders will engage in a ribbon-cutting ceremony. Get to know our people, local businesses while enjoying some light refreshments and door prizes.

    Western Financial Group Inc.

    Headquartered in High River, Alberta, Western Financial Group is a diversified insurance services company focused on creating security and peace of mind and has provided over one million Canadians with the proper protection for over 100 years. Western is committed to community service, customer service, innovation, growth, and people while providing personal and business insurance through our engaged team of over 2,000 people in approximately 200 locations, affiliates, and various connected channels.

    Since the very beginning, supporting our local communities has guided everything we do – it’s who we are. In 2001, the Western Financial Group Communities Foundation (our non-profit charity) was created as a way for our team members to give back and positively impact the people and pride in the places where we live, work and play – to date we have granted over $9 million to support our local communities.

    Western Financial Group is a subsidiary of Trimont Financial Ltd., a subsidiary of The Wawanesa Mutual Insurance Company. www.westernfinancialgroup.ca

    For more information, assets, or to schedule an interview with Grant Ostir, please contact:

    Nichola Petts, PR Manager: Nichola.petts@westernfg.ca

    The MIL Network –

  • MIL-OSI: ARRAY Technologies Names Gina Gunning as Chief Legal Officer

    Source: GlobeNewswire (MIL-OSI)

    ALBUQUERQUE, N.M., Jan. 27, 2025 (GLOBE NEWSWIRE) — ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, today announced the appointment of Gina Gunning as its new chief legal officer and corporate secretary, effective immediately. Gunning will report directly to ARRAY’s chief executive officer, Kevin G. Hostetler, and will relocate to Chandler, Arizona. 

    Gunning joins ARRAY with more than 25 years of legal and compliance experience across global organizations. She is a recognized leader in corporate law, governance, compliance, and risk management, with expertise in structuring complex transactions, navigating regulatory landscapes, and leading diverse legal teams. Most recently, she served as Chief Legal Officer and Corporate Secretary at GrafTech International Ltd., where she led the legal department, developed strategic legal frameworks, and managed global litigation and arbitrations. 

    “Gina’s wealth of experience in corporate law, governance, compliance and strategy makes her uniquely qualified to navigate the regulatory landscape and support ARRAY’s ambitious growth plans,” said Hostetler. “Her ability to align legal strategies with business objectives will be instrumental as we continue to lead in renewable energy innovation.”  

    Prior to her tenure at GrafTech, Gunning held senior legal roles at FirstEnergy Corp. and Cliffs Natural Resources Inc., where she demonstrated expertise in mergers and acquisitions, securities law, and capital markets transactions. Earlier in her career, she was a capital markets partner at the global law firm Jones Day, advising Fortune 500 clients on corporate finance and governance. 

    “I am excited to join ARRAY Technologies and contribute to its mission of driving the global transition to sustainable energy,” said Gunning. “ARRAY’s innovative spirit and dedication to advancing renewable energy solutions resonate deeply with me, and I look forward to collaborating with the team to support its continued success.”  

    As chief legal officer, Gunning will lead ARRAY’s legal, compliance, and risk management teams, supporting business objectives and adherence to legal and ethical standards worldwide. Her responsibilities will also include providing strategic counsel on corporate governance, contracts, intellectual property, and environmental, social, and governance (ESG) initiatives. 

    Gunning earned her Juris Doctor from Notre Dame Law School, where she served on the Notre Dame Law Review, and her Bachelor of Arts from the University of Notre Dame. 

    About ARRAY 
    ARRAY Technologies (NASDAQ: ARRY) is a leading global renewable energy company and provider of utility-scale solar tracking technology. Engineered to withstand the harshest conditions on the planet, ARRAY’s high-quality solar trackers and sophisticated software maximize energy production, accelerating the adoption of cost-effective and sustainable energy. Founded and headquartered in the United States, ARRAY relies on its diversified global supply chain and customer-centric approach to deliver, commission, and support solar energy developments around the world, lighting the way to a brighter, smarter future for clean energy. For more news and information on ARRAY, please visit arraytechinc.com. 

    Forward Looking Statement 
    This press release contains forward-looking statements. These statements are not historical facts but rather are based on the Company’s current expectations and projections regarding its business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors. Forward-looking statements should be evaluated together with the risks and uncertainties that affect our business and operations, particularly those described in more detail in the Company’s most recent Annual Report on Form 10-K and other documents on file with the SEC, each of which can be found on our website www.arraytechinc.com. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. 

    Media Contact 
    Nicole Stewart 
    505.589.8257 
    nicole.stewart@arraytechinc.com  

    Investor Relations Contact 
    Array Technologies, Inc. 
    Investor Relations 
    investors@arraytechinc.com 

    The MIL Network –

  • MIL-OSI: Hola Prime Enhances Global Access with Visa Card and New London Office

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, NY, Jan. 27, 2025 (GLOBE NEWSWIRE) — Hola Prime, a leading name in the prop trading industry, has taken another leap in empowering traders by launching the Hola Prime Visa Card. Designed to streamline access to earnings, this innovative solution ensures that traders can effortlessly manage their payouts whenever and wherever they need.

    With the new Visa Card, Hola Prime addresses a major pain point for traders – delayed or complicated payout processes. This card provides instant access to funds, allowing traders to seamlessly handle their earnings through online transactions, in-store purchases, and ATM withdrawals worldwide.

    A New Standard in Trader Accessibility

    Instant Payouts: Traders can access their earnings immediately without relying on lengthy bank transfers.

    Global Usability: Whether online shopping, dining out, or withdrawing cash, the Visa Card works everywhere Visa is accepted.

    Enhanced Security: Transactions are safeguarded with 3D Secure technology, providing traders with peace of mind.

    Flexible Payments: From contactless payments to POS systems and ATM cash withdrawals, this card caters to all needs.

    “Traders can directly receive their payouts on the Hola Prime Visa Card and use them however they like – whether for online purchases, in-store transactions, or ATM withdrawals. These cards now serve as a standard payout withdrawal method for traders,” said CFO, Ms. Sumedha Sharma.

    “We already offer one-hour payouts, and this Visa Card takes convenience to the next level, providing traders with the freedom and flexibility they deserve anytime, anywhere” she added.

    Global Expansion: Hola Prime Opens Office in London

    In a strategic move to expand its global footprint, Hola Prime has inaugurated a new office in London, one of the world’s leading financial hubs. This milestone underlines the firm’s vision of empowering traders globally while ensuring top-notch support for its European clientele.

    The London office will enable Hola Prime to serve traders in the region with greater efficiency, offering localized solutions and bolstering its reputation as a global leader in prop trading.

    “London is a pivotal market for finance and trading. Establishing our presence here allows us to engage closely with traders and cater to their unique needs in a dynamic and international environment,” said Ms. Sharma.

    A Vision for Innovation and Empowerment

    Hola Prime’s dual initiatives – the Visa Card and its London expansion – demonstrate its unwavering focus on innovation and trader-centric solutions. From simplifying financial management to enhancing global accessibility, the company is setting benchmarks that resonate with modern traders.

    As Hola Prime continues to break new ground, its dedication to fostering a transparent, accessible, and empowering trading ecosystem remains its defining ethos.

    About Hola Prime

    Hola Prime is a leading global proprietary trading firm with a strong presence in the UK, Hong Kong, Cyprus, Dubai, and India. Renowned for its commitment to transparency, Hola Prime serves prop traders across 175+ countries, offering access to over 50 trading instruments. The firm is dedicated to empowering traders with real-time risk management, advanced technological infrastructure, and a secure trading environment. Committed to fairness and trust, Hola Prime ensures seamless payouts, robust compliance, and a reliable trading experience. With multiple trading platforms and a focus on bringing freshness to the prop trading industry, Hola Prime is redefining the future of trading.

    Social Links

    Facebook: https://fb.com/profile.php?id=61565158992654&sk=about_contact_and_basic_info

    Instagram: https://www.instagram.com/holaprime_global/

    YouTube: https://www.youtube.com/channel/UCtVEJa1Ml132Be7tnk-DjeQ

    LinkedIn: https://www.linkedin.com/company/hola-prime/?viewAsMember=true

    Twitter: https://x.com/HolaPrimeGlobal

    Discord: https://discord.gg/TJ7TcHPXBf

    Quora: https://www.quora.com/profile/HolaPrime/

    Reddit: https://www.reddit.com/user/HolaPrime/

    Medium: https://medium.com/@social_46267

    Media Contact

    Company: Hola Prime

    Contact: Media Team

    Email: marketing@holaprime.com

    Website: https://holaprime.com/

    SOURCE: Hola Prime

    The MIL Network –

  • MIL-OSI Economics: Samsung Fuels NASCAR Productions’ Remote Race Control Room

    Source: Samsung

    Samsung is now a NASCAR Technology Partner and will provide cutting-edge digital displays to elevate the NASCAR fan experience, racing operations and enterprise processes. The multi-year partnership will begin with the introduction of Samsung’s industry-leading displays and monitors for NASCAR Productions’ newly launched remote race control room.
    Housed in NASCAR’s 58,000 square-foot production facility in Concord, N.C., the state-of-the-art control room features Samsung’s The Wall as its centerpiece, allowing officials to review comprehensive, real-time video, audio and data from the track and remotely officiate races. The installation of The Wall spans an astounding 32 feet wide and nine feet high.
    Blazing the trail for remote race control
    The new control room sets the stage for NASCAR to remotely execute officiating in a precise and data-driven approach for large-scale races nationwide. During races, up to 24 officials in the room will use The Wall as their primary screen to access replays from the SBG Sports Software system, capable of aggregating up to 200 camera angles, all driver audio and voice-to-text transcription of team radio transmissions. The Wall’s true-to-life picture quality will deliver the footage and data with the finest level of detail, equipping remote officials with crisp and clear information to confidently make decisions on penalties and race results.
    “Our indoor LED displays and monitors will help NASCAR fuel a new era of race-day precision from the first lap to the final stretch,” said David Phelps, Head of the Display Division, Samsung Electronics America. “With superior visuals and real-time data, officials will experience unmatched clarity and insight into every moment of each race—offering a level of visibility that surpasses what they could see on-site at the track. This is just the beginning of our partnership as we help to pave the future of motorsports.”

    Advancing connectivity between the track and control room
    Remote officials in Concord, N.C., will remain fully immersed in the racing action via live feeds and intercom communications to consult with their counterparts at the track. The Wall’s large-scale display provides the officials with a real-time view of information as drivers make their laps and pit stops. The screen will showcase a variety of data, including feeds from onboard cameras, Engine Control Units (ECUs), optical tracking cameras, Pit Road Officiating (PRO) systems and official cameras positioned at the pit, start and finish lines, restart zones and other key locations.
    Officials will use a range of Samsung monitors to gather and analyze insights, including 25 models of the 27-inch ViewFinity S6 high-resolution monitor and seven models of the 49-inch Odyssey G9 monitor. The ultra-wide, curved Odyssey G9 monitors offer extensive screen real estate for officials to simultaneously view and assess multiple data sources, enhancing their ability to efficiently support track operations.
    CONCORD NC – September 24, 2024, NASCAR Race Conrol.
    “Remote Race Control will give NASCAR officials unparalleled views of more than 200 camera angles with multiple data points from every car that were previously not available,” said Steve Stum, NASCAR Vice President of Operations and Technical Production. “It will also allow us to make competition calls faster and more accurately than ever before to ultimately help improve the product.”
    The remote race control room will be fully operational and revved up to support the 2025 NASCAR Cup Series, kicking off with the Cook Out Clash at Bowman Gray Stadium on Sunday, February 2.

    MIL OSI Economics –

  • MIL-OSI Global: College course teaches Philly students to appreciate beer − whether they’re tailgating or fine dining

    Source: The Conversation – USA – By Paul O’Neill, Assistant Clinical Professor of Food and Hospitality Management, Drexel University

    The Philadelphia region is home to over 90 craft breweries. sutiporn somnam/Moment Collection via Getty Images

    Uncommon Courses is an occasional series from The Conversation U.S. highlighting unconventional approaches to teaching.

    Title of course:

    The Fundamentals of Beer

    What prompted the idea for the course?

    After 25 years of working in professional kitchens and as a server in fine dining, I became an adjunct professor and then director of special projects in the Food and Hospitality Management department at Drexel University. Lynn Hoffman, the founder of the school’s culinary program and the author of “The Short Course in Beer,” suggested we create a 10-week beer course.

    It seemed like a no-brainer, given beer’s popularity with college students. But it was also an opportunity to help our students appreciate beer’s dizzying array of styles, as well as its deep cultural and historical significance – including right here in Philadelphia.

    What does the course explore?

    The course explores the history of brewing and how different societies – specifically Sumerian, German, English and Belgian – influenced the ingredients and brewing techniques used to make different styles of beers.

    Some styles are named after their city of origin – for example, pilsners originated in Pilzen, Czech Republic. Others are derived from the brewing procedure. “Lager,” for example, is German for “to stock or store.” These beers are stored at refrigerated temperatures for months after they’re brewed in order for residual flavors to subside, making way for a cleaner, crisper and more refreshing profile. Meanwhile, “porters” are named after the London working-class longshoremen – those who loaded and unloaded cargo at ports – who commonly consumed them.

    After studying the foundational aspects of beer, students learn about its evolution in America, with a focus on the Philadelphia region.

    For example, Yuengling, originally named Eagle Brewery, was established in 1829 in Pottsville, Pennsylvania, about 100 miles outside Philadelphia, and is credited with being America’s oldest continuously operating brewery. And in the city itself, local brewer Robert Hare Jr. made what George Washington referred to as “the best porter in Philadelphia,” just down the street from where America’s first lager was purportedly brewed by Bavarian expat John Wagner around 1840.

    We also discuss current Philadelphia-area brewers such as the Philadelphia Brewing Company, Dock Street and Yards, and their impact on the city’s craft beer industry.

    Why is this course relevant now?

    Beer and other alcoholic beverages have a significant financial impact on the restaurant industry, where many businesses operate on thin margins. Restaurants can attract diners with a dynamic beverage offering. A good beer program requires an informed staff, locally brewed options and an array of diverse styles. They might showcase classic lagers and ales alongside popular contemporary favorites such as New England IPAs and Italian pilsners, and off-the-wall experiments like Fruity Pebbles kettle sour ales.

    What’s a critical lesson from the course?

    Beer appreciation is not inebriation.

    There is a proper way to analyze beer through sight, aroma, palate texture and flavor. We use a tasting grid to guide students through this process. First we assess the beer’s color, clarity and foam, which gives us our initial ideas regarding the beer’s character. We then evaluate the beer’s aroma, which is derived from the grains, hops and fermentation. Then we sip and focus on the texture of the beer to determine the weight of it on the palate, the quality of the carbonation and the mouthfeel – whether it is thin, full or silky. Last, we assess the flavor profile.

    Students get the opportunity to distinguish the various malt and hop characters present in many popular beer styles – from the crisp, biscuit or cracker flavor and light green bitterness of a pilsner, to the dried fruit and dark caramel-laden quality of doppelbocks, to the cold-brew coffee style of dry stouts.

    “Tasting” and not simply “drinking” beer enables students to understand and appreciate what is in their glass. It is also important to note that when analyzing a beer, the glass must be clean, clear and of a certain shape – tulip. Having a globe to swirl the beer allows tasters to judge the viscosity, test the carbonation and open up the aromas.

    What materials does the course feature?

    • Lynn Hoffman’s “Short Course in Beer” offers a digestible summation of beer styles, history and how beer can be enjoyed in settings ranging from tailgates to fine dining.

    • Joshua Bernstein’s “The Complete Beer Course” illustrates the beer family tree in great detail, includes interviews with prominent brewers and provides textbook examples of various beer styles.

    • The Brewers Association’s Style Guidelines
      and Tasting Grid are go-to guides for how beer styles are delineated using a scale of color, bitterness and flavor attributes.

    • Six 1-oz. weekly samples allow students to taste historical representations and current iterations of a particular beer style, such as Bohemian pilsners, German hefeweizens, English bitters and Belgian tripels.

    • We also do a guided tour and tasting at one of Philadelphia’s larger independent craft beer brewers, Yards brewery.

    What will the course prepare students to do?

    Students learn about the history of beer production and its cultural relevance, and develop an understanding of tasting notes and profiles for various beer styles so they can distinguish between ale and lager family styles. By the end of the course, they should also be able to design their own beer menu for a restaurant.

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

    – ref. College course teaches Philly students to appreciate beer − whether they’re tailgating or fine dining – https://theconversation.com/college-course-teaches-philly-students-to-appreciate-beer-whether-theyre-tailgating-or-fine-dining-244476

    MIL OSI – Global Reports –

  • MIL-OSI Global: Why Trump’s tariffs can’t solve America’s fentanyl crisis

    Source: The Conversation – USA – By Rodney Coates, Professor of Critical Race and Ethnic Studies, Miami University

    Americans consume more illicit drugs per capita than anyone else in the world; about 6% of the U.S. population uses them regularly.

    One such drug, fentanyl – a synthetic opioid that’s 50 to 100 times more potent than morphine – is the leading reason U.S. overdose deaths have surged in recent years. While the rate of fentanyl overdose deaths has dipped a bit recently, it’s still vastly higher than it was just five years ago.

    Ending the fentanyl crisis won’t be easy. The U.S. has an addiction problem that spans decades – long predating the rise of fentanyl – and countless attempts to regulate, legislate and incarcerate have done little to reduce drug consumption. Meanwhile, the opioid crisis alone costs Americans tens of billions of dollars each year.

    With past policies having failed to curb fentanyl deaths, President Donald Trump now looks set to turn to another tool to fight America’s drug problem: trade policy.

    During his presidential campaign, Trump pledged to impose tariffs on Canada and Mexico if they don’t halt the flow of drugs across U.S. borders. Trump also promised to impose a new set of tariffs against China if it doesn’t do more to crack down on the production of chemicals used to make fentanyl. He reiterated his plan on his first day back in office, saying to reporters, “We’re thinking in terms of 25% on Mexico and Canada because they’re allowing … fentanyl to come in.”

    Speaking as a professor who studies social policy, I think both fentanyl and the proposed import taxes represent significant threats to the U.S. While the human toll of fentanyl is undeniable, the real question is whether tariffs will work – or worsen what’s already a crisis.

    Fentanyl: The ‘single greatest challenge’

    In 2021, more than 107,000 Americans died from overdoses – the most ever recorded – and nearly seven out of 10 deaths involved fentanyl or similar synthetic opioids. In 2022, fentanyl was killing an average of 200 people each day. And while fentanyl deaths declined slightly in 2023, nearly 75,000 Americans still died from synthetic opioids that year. In March of that year – the most recent for which full-year data on overdose deaths is available – the then-secretary of homeland security declared fentanyl to be “the single greatest challenge we face as a country.”

    But history shows that government efforts to curb drug use often have little success.

    The first real attempt to regulate drugs in the U.S. occurred in 1890, when, amid rampant drug abuse, Congress enacted a law taxing morphine and opium. In the years that followed, cocaine use skyrocketed, rising 700% between 1890 and 1902. Cocaine was so popular, it was even found in drinks such as Coca-Cola, from which it got its name.

    This was followed by a 1909 act banning the smoking of opium, and, in 1937, the “Marihuana Tax Act.” The most comprehensive package of laws was instituted with the Controlled Substances Act of 1970, which classified drugs into five categories based on their medical uses and potential for abuse or dependence. A year later, then-President Richard Nixon launched the “War on Drugs” and declared drug abuse as “public enemy No. 1.” And in 1986, Congress passed the Anti-Drug Abuse Act, directing US$1.7 billion for drug enforcement and control.

    President Richard Nixon declared drug abuse “Public enemy No. 1” at this 1971 press conference.

    These policies have generally failed to curb drug supply and use, while also causing significant harm to people and communities of color. For example, between 1980 and 1997, the number of incarcerations for nonviolent drug offenses went from 50,000 to 400,000. But these policies hardly put a dent in consumption. The share of high school seniors using drugs dipped only slightly over the same period, from 65% in 1980 to 58% in 1997.

    In short, past U.S. efforts to reduce illegal drug use haven’t been especially effective. Now, it looks like the U.S. is shifting toward using tariffs – but research suggests that those will not lead to better outcomes either, and could actually cause considerable harm.

    Why tariffs won’t work

    America’s experiments with tariffs can be traced back to the founding era with the passage of the Tariff Act of 1789. This long history has shown that tariffs, industrial subsidies and protectionist policies don’t do much to stimulate broad economic growth at home – but they raise prices for consumers and can even lead to global economic instability. History also shows that tariffs don’t work especially well as negotiating tools, failing to effect significant policy changes in target countries. Economists generally agree that the costs of tariffs outweigh the benefits.

    Over the course of Trump’s first term, the average effective tariff rate on Chinese imports went from 3% to 11%. But while imports from China fell slightly, the overall trade relationship didn’t change much: China remains the second-largest supplier of goods to the U.S.

    The tariffs did have some benefit – for Vietnam and other nearby countries with relatively low labor costs. Essentially, the tariffs on China caused production to shift, with global companies investing billions of dollars in competitor nations.

    This isn’t the first time Trump has used trade policy to pressure China on fentanyl – he did so in his first term. But while China made some policy changes in response, such as adding fentanyl to its controlled substances list in 2019, fentanyl deaths in the U.S. continued to rise. Currently, China still ranks as the No. 1 producer of fentanyl precursors, or chemicals used to produce illicit fentanyl. And there are others in the business: India, over that same period, has become a major producer of fentanyl.

    A question of supply and demand

    Drugs have been pervasive throughout U.S. history. And when you investigate this history and look at how other nations are dealing with this problem rather than criminalization, the Swiss and French have approached it as an addiction problem that could be treated. They realized that demand is what fuels the illicit market. And as any economist will tell you, supply will find a way if you don’t limit the demand. That’s why treatment works and bans don’t.

    The U.S. government’s ability to control the production of these drugs is limited at best. The problem is that new chemical products will continually be produced. Essentially, failure to restrict demand only places bandages on hemorrhaging wounds. What the U.S. needs is a more systematic approach to deal with the demand that’s fueling the drug crisis.

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

    – ref. Why Trump’s tariffs can’t solve America’s fentanyl crisis – https://theconversation.com/why-trumps-tariffs-cant-solve-americas-fentanyl-crisis-245978

    MIL OSI – Global Reports –

  • MIL-OSI Europe: €100 million money laundering scheme busted with help from Eurojust and Europol

    Source: European Union 2

    Investigations into the group began in 2023 when border police in Spain noticed suspicious trips from their airports transporting large sums of money. The trips to Cyprus by members of the criminal group were used to deliver criminal profits, which were then laundered. Authorities stopped the criminals from travelling and seized more than EUR 1.8 million.

    The authorities discovered that the group was running a sophisticated money laundering service for other criminal organisations. The group acted as a financial service to transfer criminal profits internationally. Cryptocurrencies were used to move cash profits between criminal organisations. To dispose of the cash profits, money was transported on commercial flights, mainly to Cyprus, and by public transport to neighbouring countries of Spain. The group was able to carry out four to six money laundering transactions per week. 

    Running this financial service required a professionally structured organisation consisting of at least 52 members, operating mostly from Spain and Cyprus. The group worked with contacts outside of their organisation to liaise with clients and receive the cash to be laundered. Their contacts are linked to several commercial companies around the world. 

    As the financial service was used throughout Europe, authorities had to work together to stop the criminal group. An international investigation was launched by setting up a joint investigation team (JIT) at Eurojust between Spanish, Cypriot and German authorities, Eurojust and Europol. Through the JIT, information from tax and judicial authorities was exchanged that led to the takedown of the criminal group. Europol supported this international operation with experts specialised in financial crime, fighting high-risk criminal networks, unravelling money laundering structures, and tracing cryptocurrency flows.

    A series of actions were carried out to stop the financial service. In October 2024, actions were carried out in Spain, France and Cyprus to dismantle the criminal group. This was followed by actions in November 2024 that targeted actors working with the criminal group. A total of 91 searches were carried out, 77 in Spain, 1 in France and 13 in Cyprus. Twenty suspects were arrested in Spain, one in France and two in Slovenia. Authorities seized a total of EUR 8 million in cash, 2 million in bank accounts and froze EUR 27 million in cryptocurrency. Investigations into the group and its financial service continue.

    The following authorities were involved in the actions:

    • Spain: Investigating Judge no 2 of El Prat de Llobregat; Public Prosecution Office of Barcelona; Guardia Civil Special Central Unit 3, Destabilizing Threat Group-UCO
    • Cyprus: Attorney General’s Office; MOKAS (Unit for Combating Money Laundering); Criminal Investigation Department (CID) (in collaboration with other police departments)
    • Germany: Public Prosecutor’s Office, Landshut; Customs Investigation Office, München
    • France: Judicial Court of Marseille, Interregional Specialised Jurisdiction against organised crime (JIRS) ; National Anti-Fraud Office (ONAF), Marseille/Nice. 

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Thousands of pupils set to enjoy free musical extravaganza

    Source: City of Wolverhampton

    Wolverhampton Music Service has provided free tickets to secondary and special schools for two concerts at the city’s largest cultural venue, The University of Wolverhampton at The Halls, on Tuesday 11 February, featuring performances by Wolverhampton Symphony Orchestra and young musicians from Wolverhampton Youth Orchestra.

    Students will learn about the development of orchestral music through the years, with performances of pieces by Charpentier, Beethoven, Mozart, Grieg, Tchaikovsky, Holst, Christopher Tin and John Williams. In addition, Wolverhampton born composer Grace-Evangeline Mason will feature with an excerpt from her piece, The Imagined Forest.

    Presenter Rachel Leach will enthuse the audience with her knowledge, passion and energy while all participating schools will receive a full concert programme and curriculum materials in advance to support pupils’ learning experience.

    Councillor Jacqui Coogan, the City of Wolverhampton Council’s Cabinet Member for Children, Young People and Education, said: “This will be the second year that our Music Service has joined forces with Wolverhampton Symphony Orchestra and Wolverhampton Youth Orchestra to offer this fabulous opportunity to local pupils, and they are sure to have a wonderful time.”

    Head of Wolverhampton Music Service, Ciaran O’Donnell, added: “We think it is important that every child in Key Stage 3 has the chance to hear a live orchestra during their school days as it is the most authentic way to understand what an orchestra is and what it sounds like.

    “I am immensely proud that Wolverhampton has over 100 musicians to bring to the stage to make it all happen – it is unique to our city that we can do that.

    “We’re also grateful for the commitment from schools who make the huge effort to transport children there and back.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Council chairman honours student’s artistic achievement 27 January 2025 Council chairman honours student’s artistic achievement at St Thomas of Canterbury Primary School

    Source: Aisle of Wight

    St Thomas of Canterbury Catholic Primary School in Carisbrooke welcomed the chairman of the Isle of Wight Council, Councillor Karl Love, for a special occasion last week.

    The visit was organised to recognise Year 4 student, Elsie, who emerged as the winner of Councillor Love’s Christmas card competition.

    Elsie’s creative design was selected to be the chairman’s official Christmas card, a proud moment for the young artist. During a school assembly, Councillor Love presented her with a certificate to acknowledge her impressive achievement.

    Adding to the significance of the event, the council’s mace bearer, Steve Hammond, accompanied Councillor Love, bringing along the ceremonial mace. The presence of the mace captivated the children, leading to a lively session of questions about its history and importance.

    Head of school, Patsy Mauri, said: “The children thoroughly enjoyed Councillor Love’s visit; they were very engaged while he spoke and asked very sensible questions. We are very proud of Elsie’s accomplishment.”

    Councillor Love shared his enthusiasm about the visit, saying: “It was a delight to be back in the classroom in front of children, having spent many years working for education and young people.”

    Elsie had the opportunity to take a photo with the mace, thanks to some careful positioning of the sleeve of her jumper as touching the mace directly is not permitted!

    The visit not only celebrated Elsie’s artistic talent but also provided the students with a valuable learning experience, offering insights into local government and its traditions.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Government visitor sees work of city’s Family Hubs

    Source: City of Coventry

    A leading Government official paid a visit to Coventry to see the work of the city’s Family Hub Offer and how they are helping parents, children and families across the city.

    Justin Russell, Director General for Families Group at the Department for Education, and Natalie Downing lead for the national Family Hubs programme, attended the Harmony Family Hub in Hillfields on Wednesday (22 January).

    They were able to see a range of services that the Hub offers children, young people and adults through partnership with other agencies including Skills, Employment and Adult Education Services, Early Years, Hillfields Nursery school, Midwifery, Health Visiting, The Job shop, Haven and Early Help.

    They talked to parents and Family Hub staff, observed a ‘50 things to do before you’re 5 session’ and were shown around by Charneze St Juste, the Family hub co-ordinator who ensures that the hub is meeting the needs of its local residents.

    There was also an opportunity for a lengthy discussions about the work of Coventry’s Family Hub offer with Cllr Patricia Seaman, Cabinet Member for Children and Young People at Coventry City Council, and Jane Moffat, the Council’s Operational Lead ~ Early Help.

    The Harmony Hub is one of eight around the city that offer local support to residents.

    They help to join up the planning and delivery of family services; build connections between families, practitioners, services and providers; and put relationships at the heart of family support.

    The Family Hubs offer support to families with children of all ages up to 19 years (and up to 24 for those with a SEND), with services including learning support, infant feeding and parent/child relationships support.

    Coventry has helped to pioneer the use of Family Hubs and has also been recognised as a trailblazer in the national Family Hub and Start for Life Programme.

    The Family Hub and Start for Life Programme was announced by the Government as a way of delivering improvements to support for babies, children, young people, parents, and carers.

    Cllr Seaman said: “Our Family Hubs have been a fantastic success and have helped families and children across the city by bringing joined-up support right into the heart of communities.

    “We all know how important those first few months and years are in a child’s life, and how vital it is for parents to be able to get the support they need, and our Family Hubs are really making a difference.

    “The Hubs are vibrant, happy, caring centres and so many parents now know they can go there and find a friendly face and someone who will listen and give the help they need.”

    Jane Moffat added: “The Hubs bring a wide range of professionals and services together to provide a connected offer of help, support and care, and they are a lifeline to many parents and families and help them to build links and friendships in their communities.

    “This was our second visit now from Government teams to see some of that incredible work and we were delighted to show what is happening in Coventry and to showcase the work of the Family Hub and Start for Life offer and the impact of the work of Early Help to meet the needs of children, young people and their families.”

    Find out more about the work of the Family Hubs and how they could help your family.

    MIL OSI United Kingdom –

  • MIL-OSI NGOs: Destruction of life and homes leaves people unable to return safely to Rafah Gaza

    Source: Médecins Sans Frontières –

    After 15 months of Israel’s war on Gaza, Palestine, and the implementation of the ceasefire on 19 January 2025, displaced Palestinians are attempting to return home to the southern city of Rafah. According to the United Nations, nearly 70 percent of all structures in Gaza have been destroyed or damaged. Médecins Sans Frontières (MSF) continues to call for an immediate massive scale-up of humanitarian aid.

    “Health services, including the rest of humanitarian aid, and rebuilding of the city is needed for life to be able to come back to Rafah, but it’s still too dangerous for people to return in most areas,” says Pascale Coissard, MSF’s emergency coordinator support . “As we were going to visit the former MSF Shabboura clinic in Rafah, we saw a child playing with a shell in Mawasi area. Although we cannot hear the bombs anymore, there are still dangers.”

    People are trying to rebuild from the rubble. Rafah is destroyed, with homes, shops, streets and healthcare facilities in ruins and electricity and water systems damaged. The area is also unsafe due to scattered unexploded artillery in the remnants of buildings, which will take years to clean.

    An ambulances moves through the ruins of Rafah. Gaza, Palestine, 22 January 2025. 
    MSF

    In May 2024, Rafah had the largest concentration of displaced Palestinians in the Gaza Strip, with an estimated 1.5 million people living in tents and makeshift shelters. In these inhumane conditions, people faced disease outbreaks, malnutrition, and the psychological impact of being forcibly displaced multiple times.

    MSF teams working in Rafah had been providing basic healthcare and mental health support in the Shabboura clinic and supporting paediatric and maternity care in the Ministry of Health’s Emirati hospital. But were forced to close activities and evacuate the area after continuous bombings and evacuations orders from Israeli forces. The looming threat of a ground invasion by Israeli forces materialised on 6 May 2024.

    The military operations by Israeli forces led to the emptying of Rafah, mass destruction of the city, and to the closure of the Rafah crossing, which severely hindered the delivery of humanitarian aid into the entire Strip. Rafah was also the home to many MSF colleagues, who were forced to flee to other parts of the Gaza Strip.

    “It’s extremely difficult to come back to the same place that used to be full of life,” says Nadia Abo Mallouh, MSF medical coordinator support who used to work in the Emirati hospital. “We couldn’t even recognise the streets where Emirati hospital was. It’s sad seeing the hospital that used to bring life to earth totally empty, no signs of life, everything is destroyed.”

    As a result of destroyed infrastructure, healthcare and other basic services are lacking. Many people are trying to return to Rafah but are unable to, as they find their homes destroyed – sometimes their neighbourhoods are unrecognisable.  It will take a long time before people can safely return to Rafah.

    “Honestly, the sights [of Rafah] were horrifying; so much destruction,” says Hadi Abo-Eneen, and MSF watchmen who was displaced from Rafah city in May 2024 and visited the area after the ceasefire. “I kept walking, hoping to find something from my house. It was completely destroyed. It was a huge shock, because this was my whole life: my home. My family’s, wife’s and children’s memories are there. My belongings, clothes, dishes, my wedding memories: everything.”

    In the meantime, people continue surviving in makeshift tents mainly in the coastal area of Mawasi. There, they have no proper shelter, nor access to food and water and limited access to healthcare services. At the same time, Palestinians in the north of Gaza are facing similar conditions, after the recent brutal Israeli military siege, which left the area completely destroyed.

    MIL OSI NGO –

  • MIL-OSI Global: Norovirus, aka the winter vomiting bug, is on the rise – an infectious disease expert explains the best ways to stay safe

    Source: The Conversation – USA – By William Schaffner, Professor of preventive medicine, health policy, infectious diseses, Vanderbilt University

    Norovirus is accompanied by abdominal pain, diarrhea and explosive vomiting. Alla Bielikova/Moment via Getty Images

    The highly contagious norovirus – popularly known as “stomach flu” or the “winter vomiting bug” – is now surging through the U.S.. The number of outbreaks is up significantly over previous years, possibly due in part to a new strain of the virus. Outbreaks can occur after direct contact with someone who is infected. Food and household surfaces can also become contaminated.

    William Schaffner, a professor of preventive medicine and infectious diseases at the Vanderbilt University School of Medicine, discusses the symptoms of norovirus, how best to treat it, and the populations most vulnerable to this illness.

    Dr. William Schaffner discusses the norovirus.

    The Conversation has collaborated with SciLine to bring you highlights from the discussion that have been edited for brevity and clarity.

    What are the symptoms of a norovirus infection?

    William Schaffner: Norovirus is an intestinal virus that can make you very, very sick. It is indelicately called winter vomiting disease, and it begins suddenly, often with an explosive vomit that then repeats itself.

    Norovirus can cause abdominal pain and diarrhea at the same time, along with a fever. It will probably make you feel miserable for two or three days – but then everybody pretty much recovers.

    How should norovirus be treated?

    William Schaffner: The major problem norovirus causes is dehydration from all that vomiting and diarrhea. So you have to stay hydrated. Do this with little sips of clear liquids, because if you take too much, it’ll come right back up. Sports drinks are very good.

    Most people who get into trouble are either very young or older and more frail. They may have to go to the hospital to get rehydrated with an IV. When the occasional death occurs due to this dehydrating infection, it’s in those vulnerable populations.

    Why does norovirus tend to surge during the winter?

    William Schaffner: You can get it any time of the year, but there is a seasonal increase in the winter for reasons that scientists are not quite sure of. But people spend a lot of time indoors with each other in wintertime, so that makes it easier for the virus to get from one place to another. All that travel over the holidays, as well as family gatherings and parties, can spread the virus.

    How can people protect themselves from the norovirus?

    William Schaffner: The most important thing is good hand hygiene. Washing with soap and water works the best. Those hand hygiene gels and wipes – the hand sanitizers – that people tend to use aren’t as effective against norovirus, so just wash frequently with good old soap and water. And then, of course, avoid people who are sick.

    Also, remember that the virus can survive on environmental surfaces, like counters, doorknobs and tables. You don’t want to pick up those viruses on your fingers. If you get a little bit of virus on your fingertips and then touch your lips, you can get an infection because it just takes a small dose of the virus to make you sick.

    Who’s particularly vulnerable to norovirus?

    William Schaffner: The people who are more susceptible to catching it are those living in semi-enclosed or enclosed populations. For example, people in nursing homes, schools and prisons – essentially any circumstance where people are together for a long period of time.

    Another place where the virus can spread is cruise ships, which is why norovirus is also called the cruise ship virus. When people are confined on a ship for days and days, these outbreaks can run through most of the passengers.

    Interestingly enough – and this has never been well explained – the crew is usually less affected.

    But again, the most serious illness occurs in older, frail and immune-compromised people, or in the very young, where dehydration can be more serious.

    Where’s the research on developing a norovirus vaccine?

    William Schaffner: Norovirus has presented some scientific challenges. It’s actually rather difficult to grow in the laboratory, and so that has delayed the development of a vaccine. But researchers are working on it.

    Are there other infectious diseases going around right now?

    William Schaffner: Along with norovirus, respiratory viruses are still out there: influenza, COVID-19 and respiratory syncytial virus, or RSV. They’re all perking up at the same time. It looks as though we’re having a very brisk winter viral season.

    Watch the full interview to hear more.

    SciLine is a free service based at the American Association for the Advancement of Science, a nonprofit that helps journalists include scientific evidence and experts in their news stories.

    William Schaffner receives funding from the CDC-sponsored Emerging Infections Program Collaborative Agreement.

    – ref. Norovirus, aka the winter vomiting bug, is on the rise – an infectious disease expert explains the best ways to stay safe – https://theconversation.com/norovirus-aka-the-winter-vomiting-bug-is-on-the-rise-an-infectious-disease-expert-explains-the-best-ways-to-stay-safe-247667

    MIL OSI – Global Reports –

  • MIL-OSI Global: Why does it hurt when you get a scrape? A neuroscientist explains the science of pain

    Source: The Conversation – USA – By Yenisel Cruz-Almeida, Associate Professor & Associate Director, Pain Research & Intervention Center Of Excellence, University of Florida

    Curious Kids is a series for children of all ages. If you have a question you’d like an expert to answer, send it to curiouskidsus@theconversation.com.

    “How come you feel pain when you fall and get a scrape?” – Tillman, age 9, Asheville, North Carolina

    Nobody likes to feel pain, but it’s something every person will experience at some point in their life.

    But why is that?

    I am a neuroscientist, and my job is to research why and how people feel pain in order to help doctors understand how to treat it better.

    What is pain?

    To understand why people feel pain, it helps first to understand what pain is. Pain is the unpleasant sensation you feel when your body is experiencing harm, or thinks it is.

    Not everyone experiences pain the same way. Pain is a highly personal experience influenced by a variety of biological, psychological and social factors. For example, research has shown differences in the pain experiences of women and men, young and older people, and even across people from different cultures.

    It’s important for kids to communicate with a trusted adult if they’re experiencing pain.

    Danger signals

    A network of nerves similar to wires runs all through the human body, from the tips of your fingers and toes, through your back inside the spinal cord and up to your brain. Specialized pain receptors called nociceptors can be found at the end of the nerves on your skin, muscles, joints and internal organs.

    Each nociceptor is designed to activate its nerve if it detects a danger signal. One way scientists classify nociceptors is based on the type of danger signal that activates them.

    Mechanical nociceptors respond to physical damage, such as cuts or pressure, while thermal nociceptors react to extreme temperatures. Chemical nociceptors are triggered by chemicals that the body’s own tissues release when they are damaged. These receptors may also be triggered by external irritants, such as the chemical capsaicin, which gives chili peppers their heat. This is why eating spicy food can cause you pain.

    Finally, there are the nociceptors that are activated by a combination of various triggers. For example, one of these receptors in your skin could be activated by the poke of a sharp object, the cold of an ice pack, the heat from a mug of cocoa, a chemical burn from household bleach, or a combination of all three kinds of stimulation.

    Nerves run from various parts of the body through the spinal cord and up into the brain.
    Sebastian Kaulitzki/Science Photo Library via Getty Images

    How pain travels though the body

    When you fall and get a scrape, the mechanical nociceptors in your skin spring into action. As soon as you hit the ground, they activate an electrical signal that travels through the nearby nerves to the spinal cord and up to your brain. Your brain interprets these signals to locate the place in your body that is hurting and determine how intense the pain is.

    Your brain knows that a pain signal is an SOS message from your body that something isn’t right. So it activates multiple systems all at once to get you out of danger and help you survive.

    Your brain may call on other parts of your nervous system to release chemicals called endorphins that will reduce your pain. It may tell your endocrine system to release hormones that prepare your body to handle the stress of your fall by increasing your heart rate, for example. And it may order your immune system to send special immune cells to the site of your scrape to help manage swelling and heal your skin.

    As all of this is happening, your brain takes in information about where you are in the world so that you can respond accordingly. Do you need to move away from something hurting you? Did you fall in the middle of the road and now need to get out of the way of moving cars?

    Not only is your brain working to keep you safe in the moments after your fall, it also is looking ahead to how it can prevent this scenario from happening again. The pain signals from your fall activate parts of your brain called the hippocampus and anterior cingulate cortex that process memory and emotions. They will help you remember how bad falling made you feel so that you will learn how to avoid it in the future.

    But why do we need to feel pain?

    As this example shows, pain is like a warning signal from your body. It helps protect you by telling you when something is wrong so that you can stop doing it and avoid getting hurt more.

    In fact, it’s a problem if you can’t feel pain. Some people have a genetic mutation that changes the way their nociceptors function and do not feel pain at all. This can be very dangerous, because they won’t know when they’re hurt.

    Ultimately, feeling that scrape and the pain sensation from it helps keep you safe from harm.

    Hello, curious kids! Do you have a question you’d like an expert to answer? Ask an adult to send your question to CuriousKidsUS@theconversation.com. Please tell us your name, age and the city where you live.

    And since curiosity has no age limit – adults, let us know what you’re wondering, too. We won’t be able to answer every question, but we will do our best.

    Yenisel Cruz-Almeida receives funding from the National Institutes of Health. She is an Associate Editor at the Journal of Pain and serves as Treasurer on the US Association for the Study of Pain.

    – ref. Why does it hurt when you get a scrape? A neuroscientist explains the science of pain – https://theconversation.com/why-does-it-hurt-when-you-get-a-scrape-a-neuroscientist-explains-the-science-of-pain-238499

    MIL OSI – Global Reports –

  • MIL-OSI Global: Why government can’t make America ‘healthier’ by micromanaging groceries purchased with SNAP benefits

    Source: The Conversation – USA – By Benjamin Chrisinger, Assistant Professor of Community Health, Tufts University

    More than 41 million Americans use SNAP benefits to buy groceries. Brandon Bell/Getty Images

    President Donald Trump’s pick for director of the Health and Human Services Department, Robert F. Kennedy Jr., has announced a bold plan. He wants to “Make America Healthy Again.”

    Kennedy’s strategy has gotten a lot of attention for its oddities, such as his opposition to vaccine mandates and support for raw milk. But it includes some concepts that many public health experts consider sensible, such as calling for a stronger focus on chronic disease prevention and seeking more restrictions on prescription drug advertising aimed at consumers.

    But he’s also demanding a ban on junk food from the Supplemental Nutrition Assistance Program. Banning junk food from SNAP is something that has divided public health experts for years.

    As public health researchers, we’ve devoted our careers to helping reduce chronic diseases. We agree with Kennedy that a healthy diet and sound nutrition are important ways to improve the nation’s health. We also know from our own research that safety net programs, including SNAP benefits – which are still sometimes called food stamps – are staving off hunger and food insecurity for millions of Americans.

    And we’re certain that adding to the restrictions that already limit access to SNAP benefits do little to make Americans healthier.

    What is SNAP?

    Over 42.1 million Americans, about 13% of all families, receive SNAP benefits. More than 1 in 4 of the households enrolled in the program include someone who is earning at least some income.

    More than 4 in 5 families getting SNAP benefits include a child, someone over 65 or someone with a disability. These benefits are distributed on a monthly basis through an electronic benefits transfer card that looks and works like a credit or debit card and can be used at supermarkets and other approved retailers. The federal government has spent more than US$110 billion annually on this program in recent years.

    Benefits help get food on the table but typically don’t cover everything a family needs to eat. The average monthly benefit is $195 per person.

    Americans who earn less than 130% of the poverty line are eligible for SNAP. In the 2025 fiscal year, a family of three can’t make more than $2,152 a month in net income or have assets of more than $4,500 if a household includes someone over 60, and $3,000 if it doesn’t.

    Adults without children or disabilities can’t get these benefits for more than three months every three years unless they meet the program’s work requirements by being employed or spending at least 20 hours weekly in a training program. People who are on strike and foreigners living in the U.S. without authorization are ineligible. People with prior drug-related felony convictions are federally banned from SNAP for life, but states can waive this rule. This program is federally funded but administered by the states, which have some leeway in determining eligibility.

    People enrolled in SNAP already face some restrictions on what they can buy with their benefits. They can’t use SNAP to purchase premade or restaurant meals, alcohol, tobacco, or things such as diapers, vitamins and toilet paper.

    Why restrict SNAP?

    Since SNAP is administered by the U.S. Department of Agriculture, Kennedy would have very little power to change SNAP’s rules should the Senate approve his nomination following the controversial politician’s upcoming confirmation hearing on Jan. 29, 2025.

    Still, we’re concerned that his support for new restrictions could help sway the authorities who would be responsible for such a policy change.

    Proposals to ban particular foods from SNAP have been floated many times by state legislators and members of Congress over the years.

    These bills have generally been designed to exclude supposedly luxury items, such as steak and seafood, or aimed at barring purchases from a different supermarket aisle: candy, soda and other junk foods.

    States can’t make this kind of modification without the USDA’s authorization. And so far, the USDA has rebuffed calls for it to allow such measures. Even without the agency’s support, Congress can make changes to these policies in the Farm Bill, which could in the future force the USDA to allow these restrictions in states that ask for them.

    The Trump administration, including Kennedy, has signaled its interest in these kinds of restrictions.

    Why SNAP restrictions won’t make America healthier

    While improving the American diet is a worthy goal, research that we and other scholars have done makes it clear that adding new restrictions to SNAP will do little to help us become a healthier nation.

    First, many studies have found that nearly all Americans could eat healthier.

    The rich and the poor alike consume unhealthy food in the U.S.

    Studies show that while lower-income Americans often spend more of their food budget on unhealthy stuff than more affluent people do, families in the middle and at the top of the income ladder still purchase lots of junk food.

    Unsurprisingly, those purchases reflect what we’re eating: Americans at all income levels have diets that don’t satisfy federal dietary guidelines. Spotlighting the poor food choices of SNAP participants would be a distraction from these facts and would risk further stigmatizing a successful anti-hunger program.

    Maintaining a good diet is not cheap or straightforward, especially on a low income. The poorest communities have far more inexpensive fast-food chains and dollar stores than their wealthier neighbors, as well as more ads for unhealthy products. Even when they get SNAP benefits, many Americans still struggle to make ends meet, and studies show how this negatively affects the quality of their diets.

    Another reason SNAP restrictions wouldn’t make America healthier is that diet is just one of many contributors to chronic diseases. Your level of physical activity, exposure to pollution, stress and genetics, among other things, shape your risk of getting heart disease, diabetes or other chronic diseases.

    Flexible but don’t cover all needs

    SNAP benefits are fairly flexible, covering just about anything people might want to eat, even if they have dietary restrictions due to their culture or health conditions. The program helps Americans afford most of their basic necessities, although it fails to pay for all the groceries most people who rely on the program need to buy in the course of a month.

    SNAP’s main function is preventing the worst effects of hunger and food insecurity for the more than 41 million people relying on it.

    There are other ways for the government to help make Americans healthier besides the imposition of stigmatizing restrictions on SNAP. For example, it can create matching programs for SNAP dollars spent on fruits and vegetables, which would give retailers incentives to offer more produce and make it easier for people who get SNAP benefits to buy more healthy food. The USDA has begun to support this kind of effort in several states.

    Benjamin Chrisinger receives funding from The Research Innovation and Development Grants in Economics (RIDGE) Partnership.

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

    – ref. Why government can’t make America ‘healthier’ by micromanaging groceries purchased with SNAP benefits – https://theconversation.com/why-government-cant-make-america-healthier-by-micromanaging-groceries-purchased-with-snap-benefits-246462

    MIL OSI – Global Reports –

  • MIL-OSI Europe: Minister for Foreign Affairs visits Colombia

    Source: Government of Sweden

    Minister for Foreign Affairs visits Colombia – Government.se

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    Press release from Ministry for Foreign Affairs

    Published

    On 28–29 January, Minister for Foreign Affairs Maria Malmer Stenergard will visit Colombia. The visit will include meetings with Colombia’s President Gustavo Petro and Minister of Foreign Affairs Luis Gilberto Murillo. A business delegation comprising around 20 Swedish companies, with a focus on mining and energy, will take part in the visit.

    “I look forward to deepening relations between our countries on this visit. Sweden and Colombia enjoy broad cooperation on green transition, gender equality and human rights. There is also extensive trade between our two countries, and strong Swedish business interests in areas including mining and energy,” says Ms Malmer Stenergard.

    The visit to Colombia is a follow-up to President Petro’s visit to Sweden in mid-2024. As part of the trip, Ms Malmer Stenergard will visit the department of Chocó on Colombia’s Pacific coast, where she will meet with UN bodies, civil society organisations and public authorities working with peace issues, humanitarian assistance to victims of the armed conflict in Colombia, and women’s empowerment and participation in the peace process. 

    Press contact

    MIL OSI Europe News –

  • MIL-OSI Europe: Statement by President Meloni on Holocaust Remembrance Day and the 80th anniversary of the liberation of Auschwitz

    Source: Government of Italy (English)

    Eighty years ago, the horror of the Shoah was revealed to the world in all its terrifying force.

    On 27 January 1945, the gates of Auschwitz were torn down and, with them, the wall which had prevented the world from clearly seeing the Nazis’ abominable plan to persecute and exterminate the Jewish people crumbled too.

    Men, women, children and elderly people ripped from their homes, forced to leave everything behind, and taken to death camps, where they were killed just because they were Jewish. The premeditated brutality of that plan makes the Shoah a tragedy unparalleled in history. 

    The plan carried out by Hitler’s regime also had the complicity of the fascist regime in Italy, with its disgraceful racial laws and involvement in rounding up and deporting people.

    There were many Righteous who bravely stood up against that abyss, and did not hesitate to disobey and risk their own lives in order to save thousands of innocent people.

    Today, we commemorate Holocaust Remembrance Day, we remember the names and surnames of the victims and we revive the memory of what happened, also through the first-hand accounts of survivors and their descendants. Living witnesses to a horrific chapter of our past, to whom we extend our gratitude once again, for it is above all thanks to them that today we know what happened. Sami Modiano said: “I am alive to bear witness. There was a bigger plan for me, and I will keep on remembering for as long as I live”. This is an extraordinary lesson, and one we must embrace in order to cultivate remembrance and increasingly raise awareness among the younger generations.

    Anti-Semitism was not defeated when the gates of Auschwitz were pulled down. It is a scourge that survived the Holocaust and has taken on different forms, spreading through new means and channels. Combatting anti-Semitism in all its forms, old and new, is a priority for this Government. 

    We have never wavered in this commitment and we intend to pursue it with strength and determination, also by developing a new national strategy for the fight against anti-Semitism, a detailed and scenario-based document that establishes concrete goals and actions to counter a despicable phenomenon that has no place in our societies.

    [Courtesy translation]

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Portsmouth City Council reveals a bold new look for park and ride with easier ways to pay

    Source: City of Portsmouth

    Portsmouth City Council has unveiled an exciting new design for its park and ride service, showcasing eye-catching blue and pink double-decker buses. Working with operator First Bus Solent, the council has introduced improved ticketing options to provide a more convenient travel experience. The refreshed service now makes it easier for both visitors and commuters to purchase tickets, simplifying travel into the city for work or leisure.

    Located just off junction 1 of the M275, Portsmouth Park and Ride provides a less stressful alternative to city driving which allows passengers to avoid a great deal of traffic and enjoy a smoother, more relaxing ride into the heart of Portsmouth. By helping to reduce traffic congestion in the city, the park and ride service plays a crucial role in enhancing air quality, while providing an affordable and efficient way to commute and explore Portsmouth.

    The PR1 route runs every 15 minutes and quickly connects passengers in minutes to key destinations, such as Portsmouth International Port, city centre for Guildhall and Commercial Road shopping, and The Hard Interchange, for Historic Dockyard, Gunwharf Quays and onward travel.

    Day visitors can take advantage of unlimited travel on the park and ride route for just £4, allowing them to explore the city throughout the day. More regular users can opt for flexible fares, including smartcards and flexipasses, starting at only £2 per day. All ticket choices offer great value for money for up to five passengers.

    As part of the council’s renewed contract with First Bus Solent for the next five years, the new-look buses maintain Euro 6 high environmental standards, supporting Portsmouth’s vision to be a green city where people live heathy and active lives. Customers can relax on board with comfortable, high-backed seating, USB charging, next-stop announcements, and high visibility, white-on-black destination displays.

    Alongside the refreshed branding, passengers will benefit from improved ticketing options. Tickets can now be purchased via the First Bus app, RingGo app, or directly from the bus driver by cash, card, or contactless payment. Smartcard holders can top up online or through the First Bus app, ensuring a more seamless and flexible travel experience. As part of the rebrand, the council will shortly launch a new website, providing a one-stop-shop where customers can learn more about routes, fares, ticketing and other useful information about the service.

    Cllr Peter Candlish, Cabinet Member for Transport, said: “The new look and enhanced ticketing options for park and ride make sustainable and affordable travel into the city easier and more accessible for everyone.

    “With the refreshed branding, I’m sure these park and ride buses are set to become a recognisable feature in our city and a key part of the Council’s overall plan to reduce traffic congestion and improve air quality, as we work towards a greener, healthier and better-connected future for everyone.”

    For more information on Portsmouth Park and Ride, including routes, ticket options, and timetables, visit https://parkandride.portsmouth.gov.uk

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: From a war zone to new diabetes diagnostics and treatments A University of Aberdeen diabetes expert will share the incredible journey which took her from a teenager fleeing war-torn Bosnia and Herzegovina in 1994 to becoming the first female Regius Chair of Physiology – a position appointed directly by the King – three decades later.

    Source: University of Aberdeen

    Professor Mirela DelibegovicA University of Aberdeen diabetes expert will share the incredible journey which took her from a teenager fleeing war-torn Bosnia and Herzegovina in 1994 to becoming the first female Regius Chair of Physiology – a position appointed directly by the King – three decades later.
    Professor Mirela Delibegovic will host a Founders’ Week Lecture to celebrate the 530th anniversary of the creation of the University.
    At the free event on Wednesday February 12 she will share with the audience how her early life inspired her research journey and details of her ground-breaking work following in the footsteps of another Aberdeen diabetes pioneer, credited with saving millions of lives.
    Professor Delibegovic came to the UK on a scholarship from George Heriot’s School in Edinburgh, where her potential as a scientist was encouraged.  She went on to study pharmacology at the University of Edinburgh, for a PhD in biochemistry at the University of Dundee and then undertook a postdoctoral fellowship at Harvard Medical School in Boston.
    Her initial interest in diabetes research was fuelled by a family history and prevalence of Type 2 diabetes in Bosnia and Herzegovina – and she was determined to play her part in understanding why our bodies stop responding to the effects of our own hormone, insulin.
    She now leads the Aberdeen Cardiovascular and Diabetes Centre exploring how diabetes, obesity, heart disease and ageing are woven together and in 2024 her successful research career was recognised when she was appointed by the King as the first female Regius Chair of Physiology.
    Her work follows in the footsteps of previous Aberdeen Regius Chair of Physiology, JJR Macleod, who led the Toronto team credited with the discovery of insulin.
    Professor Delibogovic said: “Thanks to the team led by Professor Macleod, people living with type 1 diabetes, who do not produce insulin, have been able to inject it for more than a century.
    “But it wasn’t until the early 1980s that the receptor through which insulin works was identified and this is crucial knowledge for type 2 diabetes, where the body produces insulin but it doesn’t do its job.
    “We are trying to understand if we can use the targets post insulin receptor, to improve patients’ lives either through treatment or through earlier intervention.”
    The lecture forms part of the University of Aberdeen’s Founders’ Week celebrations which will also include a discovery day of family fun on Monday February 10 with tours of the Old Aberdeen campus, visits to the Zoology Museum, and STEM activities for all ages delivered by TechFest. The University’s Professor Gordon Noble will also speak at a Café Sci event in Aberdeen Art Gallery on Tuesday February 11 about his research into Pictish kingdoms in north-east Scotland.
    The week pays tribute to Aberdeen’s historic origins as an ancient University and provides an opportunity to highlight the important role the institution continues to play in education and research.
    Professor Delibegovic collaborates with researchers worldwide and from a range of different disciplines with the aim of turning the findings made at the laboratory bench into diagnostic tools, medicines and other interventions.
    “Understanding what causes insulin resistance and finding ways to postpone or even reverse these conditions is crucial to our future health,” she said.
    “My hope is that the research we are doing now will lead to simple, achievable and affordable therapies that tackle diabetes and its complications in the future.”
    The Founders’ Week inaugural lecture takes place at the Suttie Centre, Foresterhill on February 12 from 6pm to 7.15pm. It will include a question and answer session and will be followed by a reception.
    Entry is free but places should be reserved by visiting https://www.abdn.ac.uk/events/21867/

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Return of The Big Apprenticeship Event this February

    Source: Northern Ireland City of Armagh

    Launching The Big Apprenticeship Event for 2025 is SRC CEO Lee Campbell and the Deputy Lord Mayor of Armagh City, Banbridge and Craigavon, Councillor Kyle Savage.

    Southern Regional College’s Big Apprenticeship Event returns this February to Craigavon’s Civic Centre on Thursday 6th February from 5:00pm to 7:30pm. The Big Apprenticeship Event is a one stop shop for those seeking to start a new apprenticeship course from level 2 to level 5 from September 2025. The event seeks to match potential apprentices with employers, with over 40 employers and support organisations expected to attend both the Newry and Craigavon events. College staff will also be present discussing course modules, entry requirements and assessments.

    Also returning to the event this year are student ambassadors from various programmes of study, giving a first-hand account of what it is like being an apprentice and sharing their incredible journeys and giving the low-down on the reality of studying whilst being an apprentice. Employers, support organisations, lecturing staff and student ambassadors alike will be answering questions from attendees.

    Now in its 7th year the Big Apprenticeship Event, delivered in partnership with Armagh City Banbridge and Craigavon Borough Council and the ABC Labour Market Partnership, this event provides opportunities to young people and adult returners alike to develop skills and gain relevant experience with recruiting employers.

    Apprenticeships and higher level apprenticeships are flexible career pathways providing the chance to earn a salary while pursuing qualifications. With course fees funded by the Department for the Economy, now has never been a better time to start an apprenticeship or higher level apprenticeship at Southern Regional College.

    Apprenticeships are offered at level 2 and 3 at Southern Regional College in over 30 areas ranging from business, children’s care, construction, engineering, hairdressing & barbering, hospitality & food manufacturing to motor vehicles.

    Higher Level Apprenticeships provide participants with recognised foundation and honour degrees, referred to as level 5 and 6 qualifications in 20 subject areas. This ranges from accounting, business, finance and marketing, computing, construction, engineering, science, sports & exercise and tourism, hospitality & events management.

    The College has successfully run Higher Level Apprenticeship programmes of study for 10 years, providing over 1,200 people with jobs since the inception of the programme. This year could be attendees’ opportunity to add a degree and a new source of employment to their accomplishments.

    Lee Campbell, Principal & CEO of Southern Regional College commented:

    “We are delighted to once again host The Big Apprenticeship Event in our local communities.  The event provides attendees the unique opportunity to start conversations and directly engage with a wide and varied range of employers.

    “Attendees will have the opportunity to gather information on the various programmes of study and gain an understanding of the benefits of studying an apprenticeship.  Apprenticeships offer value by combining hands on vocational training, equipping individuals with the skills and experience currently in demand by employers.

    “Whether you are a school leaver, a career changer, or someone seeking professional development, this event promises to deliver a wealth of knowledge and inspiration to help you shape your future.”

    Deputy Lord Mayor of Armagh City, Banbridge and Craigavon, Councillor Kyle Savage added:

    “ABC Council is delighted to support the return of the Big Apprenticeship event on Thursday 6th February in Craigavon Civic & Conference Centre. Apprenticeships and higher level Apprenticeships have the opportunity to transform the lives of individuals, families and communities, connecting local people with local career pathways in forward-thinking local businesses, sparking partnerships that drive innovation and strengthen our economy.

    “Apprenticeships and higher level Apprenticeships are not just a win for individuals who have the opportunity to earn while they learn, but they are also a win for local business and our Borough as a whole as we work collectively to nurture a pipeline of skilled individuals to strengthen the local economy both now and into the future.”

    With many career opportunities available, attendees are encouraged to make their way to their closest Big Apprenticeship Event.  Free tickets are now available to book using the registration link https://src-big-apprenticeship-event-2025.eventbrite.co.uk

    MIL OSI United Kingdom –

  • MIL-OSI Russia: The Polytechnic University honored the memory of the victims of the Leningrad blockade

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    On January 27, the Day of the Complete Liberation of Leningrad from the Siege, the Polytechnic University held the event “Polytechnic. Siege. Leningrad”. The leaders, employees and students of SPbPU, as well as graduates and veterans of the university, gathered at the Monument to the Fallen Polytechnicians to remember those who defended our city, who gave their lives for the victory in the Great Patriotic War.

    The residents of besieged Leningrad demonstrated unprecedented fortitude. Despite the fact that they suffered enormous hardships, these people stood firm. Our task is to perform our actions based on the gratitude we feel for the generation that defended the city. I am sure that it is the unity of spirit that will help us overcome any difficulties and cope with any tasks, – the first vice-rector of SPbPU Vitaly Sergeev opened the memorial event.

    The event participants remembered the heroes who fought bravely at the front and steadfastly endured the hardships of life in the besieged city. 300 students and teachers of the Polytechnic Institute fought in the 3rd Frunze Division of the Leningrad People’s Militia Army. They were part of one of the companies of the Vyborg Regiment. In August 1941, the militia prevented the creation of a second blockade ring in the Olonetsky direction in Karelia. The institute continued scientific work aimed at solving wartime problems.

    During the Great Patriotic War, the Polytechnic University helped the city and the country. And now, during the special military operation, the university provides assistance to various units, including mine. Polytechnicians provide camouflage nets, high-cross-country vehicles, special devices, and help civilians, said SVO participant Kirill Chernykh. He presented letters of gratitude to the SPbPU workforce for their assistance and to the volunteers who weave camouflage nets.

    Milana Yukhnevich, Chairperson of the Military History Club “Our Polytechnic”, spoke on behalf of the younger generation. Students of the Natural Science Lyceum Lev Tyukov and Rodion Kurskiyev, as well as third-year college student Daria Brovkina, recited poems.

    The siege took more than a million lives, the Great Patriotic War took millions of lives, but time, of course, took even more lives. Unfortunately, there are no more veterans left who came to our memorial events just a few years ago. We must carry the baton of memory, preserve it and gather every year so as not to forget the terrible years of the siege and the war. So that, as today, we honor the memory of those who did not live to see this moment, – shared the leading specialist of the SPbPU History Museum Artem Solovyov.

    The rally ended with a minute of silence in memory of all those who died during the blockade and the laying of flowers at the Monument to the Fallen Polytechnicians.

    Photo archive

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

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Second patient transferred point to point to Hong Kong for treatment by direct cross-boundary ambulance transfer in GBA

    Source: Hong Kong Government special administrative region

    Second patient transferred point to point to Hong Kong for treatment by direct cross-boundary ambulance transfer in GBA
    Second patient transferred point to point to Hong Kong for treatment by direct cross-boundary ambulance transfer in GBA
    ******************************************************************************************

    The following is issued on behalf of the Hospital Authority:     The Hospital Authority (HA) announced today (January 27) that Tuen Mun Hospital (TMH) received the second patient under the Pilot Scheme for Direct Cross-boundary Ambulance Transfer in the Greater Bay Area (Pilot Scheme) yesterday afternoon. The patient was transferred to Hong Kong for treatment by a point-to-point cross-boundary ambulance. The HA expresses sincere gratitude to various units in Guangdong and Hong Kong for their proactive co-ordination and collaboration, which enabled the smooth point-to-point transfer of the patient to Hong Kong.     A patient was previously admitted to the University of Hong Kong-Shenzhen Hospital (HKU-SZH). After thorough assessment and discussion with patient and family by the medical team, it was decided to transfer the patient back to Hong Kong for ongoing treatment. The patient departed from the HKU-SZH at 2.00pm yesterday and arrived at TMH before 3.00pm, where he is currently receiving treatment and is in stable condition.     The spokesperson for the HA stated that upon receiving notification, TMH promptly communicated with the medical team in Shenzhen to understand the patient’s clinical situation and prepare for admitting the patient. The HA expresses heartfelt thanks to all parties involved for their substantial co-ordination and co-operation, ensuring that the patient was swiftly transported directly point to point to Hong Kong for treatment under the care of medical personnel. Without the handover of patients between ambulances at boundary control points, the direct transport not only minimise the risks posed to patients during transfers and improve the patients’ chances of recovery, but also exemplifies that the close collaboration and development of quality healthcare co-operation in the Greater Bay Area (GBA) supports Hong Kong patients residing in the GBA.     The spokesperson emphasised that the Pilot Scheme has a mechanism in place to avoid abuse while ensuring the safety of cross-boundary transfer. Doctors at the sending hospital will assess the clinical diagnosis and condition of the patients to determine the necessity for cross-boundary inter-hospital transfer for continuous treatment or recovery services. In general, taking patients safety into consideration, the Pilot Scheme will only facilitate the transfer of emergency patients who have clinical needs, are unable to cross the boundary independently, and whose clinical conditions are stable. Patients who are clinically unstable cannot participate in the scheme. The medical teams from both regions will jointly evaluate cases, exchange information, and co-ordinate to decide whether to initiate the transfer mechanism, ensuring that both the patients and their family are informed of the relevant arrangements and the risks involved in the transfer.     The study on the provision of land-based cross-boundary transfers for non-emergency and non-critically ill patients and the exploration of rolling out a pilot co-operation scheme for cross-boundary referrals of patients between designated public hospitals were put forward in the Outline Development Plan for the GBA. The Chief Executive also put forward in his 2023 Policy Address the initiative to explore cross-boundary ambulance transfer arrangements between hospitals in the GBA. Under the staunch support and guidance of various national ministries as well as the concerted efforts of the government departments of Hong Kong, Guangdong and Macao, the Pilot Scheme was set for official launch on November 30 last year. The first patient was transferred point to point from Shenzhen to Hong Kong for treatment by direct cross-boundary ambulance on January 10 this year.

     
    Ends/Monday, January 27, 2025Issued at HKT 21:35

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Security: Harbour Grace — Dangerous driver stopped by Harbour Grace RCMP using spike belt, man arrested

    Source: Royal Canadian Mounted Police

    After fleeing from Harbour Grace RCMP in a dangerous manner a number of times on January 24, 2025, 38-year-old Shawn Clarke was arrested. Police used a spike belt to successfully bring the vehicle he was operating to a stop.

    Shortly after 10:00 a.m. on Friday, in recognizing a Transit van that fled from police earlier in the week, Harbour Grace RCMP attempted to stop what officers believed to be the same van on High Road South in Carbonear. The van failed to stop for police and fled in a dangerous manner. In the interests of public safety, police did not pursue the vehicle.

    A short time later, the van was located by police on Cathedral Street in Harbour Grace. Police again attempted to stop the van. The driver fled from police in a dangerous manner and officers did not pursue.

    After this, the vehicle was further located by police on Barrack’s Road in Bay Roberts and on Main Road in Shearstown. The driver continued to flee from police and drive dangerously.

    A short time later, a spike belt was successfully deployed by Harbour Grace RCMP on Picketts Road in Shearstown, which brought the vehicle to a stop. Clarke exited the van and was arrested without further incident.

    Clarke is charged with the following criminal offences:

    • Flight from police – multiple counts
    • Dangerous operation – multiple counts
    • Failure to comply with a probation order

    He attended court on Friday, was remanded into custody and will appear in court again today.

    MIL Security OSI –

  • MIL-OSI: Citizens Community Bancorp, Inc. Reports Fourth Quarter 2024 Earnings of $0.27 Per Share and Twelve Month 2024 Earnings of $1.34 Per Share; Board of Directors Increases Annual Dividend by 12.5% to $0.36 Per Share

    Source: GlobeNewswire (MIL-OSI)

    EAU CLAIRE, Wis., Jan. 27, 2025 (GLOBE NEWSWIRE) — Citizens Community Bancorp, Inc. (the “Company”) (Nasdaq: CZWI), the parent company of Citizens Community Federal N.A. (the “Bank” or “CCFBank”), today reported earnings of $2.7 million and earnings per diluted share of $0.27 for the fourth quarter ended December 31, 2024, compared to $3.3 million and earnings per diluted share of $0.32 for the quarter ended September 30, 2024, and $3.7 million and $0.35 earnings per diluted share for the quarter ended December 31, 2023, respectively.

    The Company’s fourth quarter 2024 operating results reflected the following changes from the third quarter of 2024: (1) increase in net interest income of $0.4 million with net interest margin increased by 16 basis points; (2) a $0.05 million increase in negative provision for credit losses to $0.45 million in the fourth quarter; (3) lower non-interest income of $0.9 million primarily due to $0.5 million lower gain on sale of loans and $0.2 million higher net losses on sale of equity securities in the fourth quarter of 2024; and (4) higher non-interest expense primarily due to higher REO expenses of $0.2 million and higher professional fees of $0.2 million.

    Book value per share improved to $17.94 at December 31, 2024, compared to $17.88 at September 30, 2024, and $16.60 at December 31, 2023. Tangible book value per share (non-GAAP)1 was $14.69 at December 31, 2024, compared to $14.64 at September 30, 2024, and a 9.5% increase from $13.42 at December 31, 2023. For the fourth quarter of 2024, tangible book value was positively influenced by net income and intangible amortization which was mostly offset by the impact of higher long-term interest rates which increased the net unrealized loss on the available for sale securities portfolio. Stockholders’ equity as a percentage of total assets was 10.24% at December 31, 2024, compared to 10.01% at September 30, 2024. Tangible common equity (“TCE”) as a percent of tangible assets (non-GAAP)1 increased to 8.54% at December 31, 2024, compared to 8.35% at September 30, 2024, largely due to the impact of asset shrinkage.

    “As we closed 2024, I am pleased with the execution on our strategic objectives, continuing to strengthen franchise value. The quarter reflected our balance sheet optimization efforts, which increased the net interest margin 6%, and increased the tangible common equity ratio for the continued repurchase of shares at prices that were accretive to earnings per share and tangible book value. The TCE ratio increased to 8.54%, from 8.35% in the prior quarter which provides flexibility to grow the loan portfolio and potentially repurchase shares in 2025. Deposits, net of the decrease in wholesale deposits, increased $27 million. Loans decreased $56 million during the quarter, primarily in non-strategic relationships, but we forecast modest loan growth of one to three percent in 2025. Credit metrics improved and we continue to maintain a healthy reserve for credit losses to total loans at 1.50%,” stated Stephen Bianchi, Chairman, President, and Chief Executive Officer.

    December 31, 2024, Highlights:

    • Quarterly earnings were $2.7 million, or $0.27 per diluted share for the quarter ended December 31, 2024, a decrease compared to earnings of $3.3 million, or $0.32 per diluted share for the quarter ended September 30, 2024, and $3.7 million, or $0.35 per diluted share for the quarter ended December 31, 2023.
    • Net interest income increased $0.4 million to $11.7 million for the current quarter ended December 31, 2024, from $11.3 million for the quarter ended September 30, 2024, and flat with $11.7 million for the quarter ended December 31, 2023. The increase in net interest income from the third quarter of 2024 was primarily due to an increase in net interest margin of 16 basis points.
    • The net interest margin increased to 2.79%, primarily due to lower deposit costs, for the quarter ended December 31, 2024, compared to 2.63% for the previous quarter, and 2.69% for the quarter ended December 31, 2023. The net interest margin increase in the fourth quarter of 2024, was also favorably impacted by accelerated deferred fee accretion on loan payoffs of 3 basis points.
    • Negative provision for credit losses of $0.45 million, $0.40 million, and $0.65 million were recorded during the quarters ended December 31, 2024, September 30, 2024, and December 31, 2023, respectively. The fourth quarter’s negative provision was due to decreases in on-balance sheet allowance for credit losses (“ACL”) of $0.324 million and a $0.126 million decrease in off-balance sheet ACL due to a reduction in unfunded loan commitments.
    • Non-interest income decreased $0.9 million in the fourth quarter of 2024, due to $0.5 million in lower gain on sale of loans, $0.2 million of higher net losses on equity securities and lower loan servicing income and service charges on deposit accounts. Non-interest income decreased by $0.5 million compared to the fourth quarter of 2023, due to higher net losses on equity securities.
    • Non-interest expense increased $0.4 million to $10.8 million in the fourth quarter of 2024 from $10.4 million for the previous quarter and increased $0.6 million from $10.2 million in the fourth quarter one year earlier. The $0.4 million increase in non-interest expense from the third quarter was largely due to $0.2 million increase in professional fees and $0.2 million in losses on repossessed assets. The $0.6 million increase from the fourth quarter of 2023 was due to: (1) a $0.7 million increase in compensation expenses, due to higher incentive compensation and annual merit increases; (2) an increase of $0.2 million on losses on repossessed assets; and (3) higher data processing of $0.2 million, partially offset by lower other expenses of $0.5 million primarily due to 2023 branch closure costs.
    • Loans receivable decreased $55.8 million during the fourth quarter ended December 31, 2024, to $1.369 billion compared to the prior quarter end, due to pay offs of non-strategic relationships as part of the balance sheet optimization plan.
    • Total deposits decreased $32.5 million during the fourth quarter of 2024, compared to three months earlier, as wholesale deposits were reduced with brokered deposits decreasing $47.5 million to $19.1 million at December 31, 2024, compared to three months earlier.
    • Federal Home Loan Bank advances decreased $16.0 million to $5.0 million at December 31, 2024, from $21.0 million at September 30, 2024.
    • The effective tax rate was 19.5% for the quarter ended December 31, 2024, compared to 21.5% for the quarter ended September 30, 2024, and 20.9% for the quarter ended December 31, 2023.
    • Nonperforming assets decreased to $14.3 million at December 31, 2024, compared to $17.1 million at September 30, 2024. The decrease was largely due to a partial paydown on one agricultural real estate loan relationship in forestry services that was placed on nonaccrual status in the third quarter.
    • Net charge-offs remain minimal and were 0.009% of average loans during the fourth quarter and 0.007% over the twelve-month period ending December 31, 2024.
    • Common stock totaling 94 thousand shares were repurchased in the fourth quarter ending December 31, 2024, at an average price of $14.55 per share. For the twelve-month period ending December 31, 2024, approximately 476 thousand shares of common stock were repurchased at an average price of $12.76 per share.
    • In November 2024, the Company notified its customers that it would be closing the Faribault, Minnesota branch on February 3, 2025, with account balances transferred to the nearest branch which is 39 miles away. The branch closure costs recognized in the fourth quarter were minimal.
    • The efficiency ratio was 76% for the quarter ended December 31, 2024, compared to 72% for the quarter ended September 30, 2024.
    • On January 23, 2025, the Board of Directors declared a $0.36 per share annual dividend, an increase of 12.5%, to shareholders of record as of February 7, 2025, and payable February 21, 2025.

    Balance Sheet and Asset Quality

    Total assets decreased by $50.6 million during the quarter to $1.749 billion at December 31, 2024.

    Securities available for sale (AFS”) decreased $6.6 million during the quarter ended December 31, 2024, to $142.8 million from $149.4 million at September 30, 2024. The decrease was due to higher pre-tax unrealized losses of $3.3 million and principal repayments of $3.3 million.

    Securities held to maturity (“HTM”) decreased $1.5 million to $85.5 million during the quarter ended December 31, 2024, from $87.0 million at September 30, 2024, due to principal repayments.

    The on-balance sheet liquidity ratio, which is defined as the fair market value of AFS and HTM securities that are not pledged and cash on deposit with other financial institutions, was 11.75% of total assets at December 31, 2024, compared to 11.46% at September 30, 2024. On-balance sheet liquidity collateralized new borrowing capacity and uncommitted federal funds borrowing availability was $725 million, or 273%, of uninsured and uncollateralized deposits at December 31, 2024, and $718 million, or 269%, at September 30, 2024.

    Continued balance sheet optimization resulted in loans decreasing by $55.8 million during the fourth quarter ended December 31, 2024, to $1.372 billion, compared to September 30, 2024. A large level of non-strategic relationships were repaid during the quarter as well as a $4.9 million reduction in criticized loans.

    The office loan portfolio consisting of 71 loans totaled $28 million at December 31, 2024, and decreased $3 million from $31 million at September 30, 2024. Criticized loans in the office loan portfolio for the quarter ended December 31, 2024, totaled $0.5 million and there have been no charge-offs in the trailing twelve months.

    The allowance for credit losses on loans decreased by $0.45 million to $20.5 million at December 31, 2024, representing 1.50% of total loans receivable compared to 1.47% of total loans receivable at September 30, 2024. For the quarter ended December 31, 2024, the Bank recorded a negative provision of $0.45 million which included a negative provision on ACL for loans of $0.32 million and a negative provision of $0.13 million on ACL for unfunded commitments.

    Allowance for Credit Losses (“ACL”) – Loans Percentage

    (in thousands, except ratios)

        December 31, 2024   September 30, 2024   June 30, 2024   December 31, 2023
    Loans, end of period   $ 1,368,981     $ 1,424,828     $ 1,428,588     $ 1,460,792  
    Allowance for credit losses – Loans   $ 20,549     $ 21,000     $ 21,178     $ 22,908  
    ACL – Loans as a percentage of loans, end of period     1.50 %     1.47 %     1.48 %     1.57 %

    In addition to the ACL – Loans, the Company has established an ACL – Unfunded Commitments of $0.334 million at December 31, 2024, $0.460 million at September 30, 2024, and $1.250 million at December 31, 2023, classified in other liabilities on the consolidated balance sheets.
    Allowance for Credit Losses – Unfunded Commitments:
    (in thousands)

        December 31, 2024 and Three Months Ended   December 31, 2023 and Three Months Ended   December 31, 2024 and Twelve Months Ended   December 31, 2023 and Twelve Months Ended
    ACL – Unfunded commitments – beginning of period   $ 460     $ 1,571     $ 1,250     $ —  
    Cumulative effect of ASU 2016-13 adoption     —       —       —       1,537  
    (Reductions) additions to ACL – Unfunded commitments via provision for credit losses charged to operations     (126 )     (321 )     (916 )     (287 )
    ACL – Unfunded commitments – end of period   $ 334     $ 1,250     $ 334     $ 1,250  

    Special mention loans decreased by $2.5 million to $8.5 million at December 31, 2024, compared to $11.0 million at September 30, 2024. Over the past 12 months, special mention loans have declined $9.9 million from $18.4 million at December 31, 2023.

    Substandard loans decreased by $2.3 million to $18.9 million at December 31, 2024, compared to $21.2 million at September 30, 2024, primarily due to a $1.6 million reduction in a nonperforming loan, classified as substandard, agricultural real estate forestry services loan.

    Nonperforming assets decreased $2.8 million to $14.3 million at December 31, 2024, compared to $17.1 million at September 30, 2024, primarily due to the $1.6 million reduction in nonperforming assets discussed above and the sale of a real estate owned property.

        (in thousands)
        December 31, 2024   September 30, 2024   June 30, 2024   March 31, 2024   December 31, 2023
    Special mention loan balances   $ 8,480   $ 11,047   $ 8,848   $ 13,737   $ 18,392
    Substandard loan balances     18,891     21,202     14,420     14,733     19,596
    Criticized loans, end of period   $ 27,371   $ 32,249   $ 23,268   $ 28,470   $ 37,988

    Total deposits decreased $32.5 million during the quarter ended December 31, 2024, to $1.49 billion as $59.7 million of wholesale brokered deposits were repaid. Brokered deposits declined $47.5 million to $19.1 million at December 31, 2024, from $66.6 million at September 30, 2024, and declined $79.1 million from $98.2 million at December 31, 2023.

    Deposit Portfolio Composition
    (in thousands)

        December 31,
    2024    		   September 30,
    2024    		   June 30,
    2024    		   March 31,
    2024    		   December 31,
    2023
    Consumer deposits   $ 852,083   $ 844,808   $ 822,665   $ 827,290   $ 814,899
    Commercial deposits     412,355     406,095     395,148     400,910     415,715
    Public deposits     190,460     176,844     187,698     202,175     182,172
    Wholesale deposits     33,250     92,920     114,033     97,114     106,306
    Total deposits   $ 1,488,148   $ 1,520,667   $ 1,519,544   $ 1,527,489   $ 1,519,092

    At December 31, 2024, the deposit portfolio composition was 57% consumer, 28% commercial, 13% public, and 2% wholesale deposits compared to 55% consumer, 27% commercial, 12% public, and 6% wholesale deposits at September 30, 2024.

    Deposit Composition By Type
    (in thousands)

        December 31,
    2024    		   September 30,
    2024    		   June 30,
    2024    		   March 31,
    2024    		   December 31,
    2023
    Non-interest-bearing demand deposits   $ 252,656   $ 256,840   $ 255,703   $ 248,537   $ 265,704
    Interest-bearing demand deposits     355,750     346,971     353,477     361,278     343,276
    Savings accounts     159,821     169,096     170,946     177,595     176,548
    Money market accounts     369,534     366,067     370,164     387,879     374,055
    Certificate accounts     350,387     381,693     369,254     352,200     359,509
    Total deposits   $ 1,488,148   $ 1,520,667   $ 1,519,544     1,527,489   $ 1,519,092

    Uninsured and uncollateralized deposits were $265.4 million, or 18% of total deposits, at December 31, 2024, and $267.1 million, or 18% of total deposits, at September 30, 2024. Uninsured deposits alone at December 31, 2024, were $428.0 million, or 29% of total deposits, and $413.6 million, or 27% of total deposits at September 30, 2024.

    As part of the balance sheet optimization plan, $16.0 million in Federal Home Loan Bank advances were repaid during the fourth quarter and totaled $5.0 million at December 31, 2024, compared to $21.0 million one quarter earlier.

    Common stock totaling approximately 94 thousand shares were repurchased in the fourth quarter of 2024 at an average price of $14.55 per share. For the twelve-month period ending December 31, 2024, approximately 476 thousand shares of common stock were repurchased at an average price of $12.76 per share. There are 238 thousand shares remaining under the July 2024 Board of Director repurchase authorization plan.

    Review of Operations

    Net interest income increased $0.4 million for the quarter ended December 31, 2024, from $11.3 million for the quarter ended September 30, 2024, and flat from $11.7 million for the quarter ended December 31, 2023. The increase in net interest income compared to the third quarter of 2024 was primarily due to an increase in net interest margin, partially offsetting the impact of asset shrinkage. The net interest margin increase was favorably impacted by 3 basis points due to deferred fee accretion on loan payoffs.

    Net interest income and net interest margin analysis:
    (in thousands, except yields and rates)

        Three months ended
        December 31, 2024   September 30, 2024   June 30, 2024   March 31, 2024   December 31, 2023
        Net Interest Income   Net Interest Margin   Net Interest Income   Net Interest Margin   Net Interest Income   Net Interest Margin   Net Interest Income   Net Interest Margin   Net Interest Income   Net Interest Margin
    As reported   $ 11,708     2.79 %   $ 11,285     2.63 %   $ 11,576     2.72 %   $ 11,905     2.77 %   $ 11,747     2.69 %
    Less accretion for PCD loans     (42 )   (0.01)%     (45 )   (0.01)%     (62 )   (0.01)%     (75 )   (0.02)%     (37 )   (0.01)%
    Less scheduled accretion interest     (33 )   (0.01)%     (33 )   (0.01)%     (32 )   (0.01)%     (33 )   (0.01)%     (33 )   (0.01)%
    Without loan purchase accretion   $ 11,633     2.77 %   $ 11,207     2.61 %   $ 11,482     2.70 %   $ 11,797     2.74 %   $ 11,677     2.67 %

    The table below shows the impact of certificate, loan and securities contractual fixed rate maturing and repricing.

    Portfolio Contractual Repricing:
    (in millions, except yields)

        Q1 2025   Q2 2025   Q3 2025   Q4 2025   FY 2026
    Maturing Certificate Accounts:                    
    Contractual Balance   $ 95     $ 177     $ 43     $ 14     $ 13  
    Contractual Interest Rate     4.63 %     4.68 %     4.25 %     3.07 %     3.36 %
    Maturing or Repricing Loans:                    
    Contractual Balance   $ 46     $ 97     $ 18     $ 55     $ 322  
    Contractual Interest Rate     5.27 %     7.10 %     6.15 %     4.79 %     3.85 %
    Maturing or Repricing Securities:                    
    Contractual Balance   $ 4     $ 3     $ 3     $ 4     $ 19  
    Contractual Interest Rate     6.15 %     5.12 %     4.07 %     4.31 %     3.49 %

    Non-interest income decreased $0.9 million in the fourth quarter of 2024 to $2.0 million from $2.9 million the prior quarter due to $0.5 million of lower gain on sale of loans, $0.2 million of higher net losses on equity securities and lower loan servicing income and service charges on deposit accounts. Total non-interest income for the quarter ended December 31, 2023, was higher at $2.5 million due to an increase in net losses on equity securities in 4Q 2024.

    Non-interest expense increased $0.4 million to $10.8 million from $10.4 million for the previous quarter and increased $0.6 million from $10.2 million one year earlier. The $0.4 million increase in non-interest expense compared to the linked quarter was largely due to the $0.2 million increase in professional fees and $0.2 million in losses on repossessed assets. The $0.6 million increase from the fourth quarter of 2023 is due to: (1) a $0.7 million increase in compensation expenses, due to higher incentive compensation and annual merit increases; (2) an increase in the current quarter of $0.2 million on losses on repossessed assets; (3) higher data processing of $0.2 million partially offset by lower other expenses $0.5 million primarily due to 2023 branch closure costs.

    Provision for income taxes decreased to $0.7 million in the fourth quarter of 2024 from $0.9 million in the third quarter of 2024 largely due to lower pre-tax income. The effective tax rate was 19.5% for the quarter ended December 31, 2024, 21.5% for the quarter ended September 30, 2024, and 20.9% for the quarter ended December 31, 2023.

    These financial results are preliminary until Form 10-K is filed in March 2025.
    About the Company

    Citizens Community Bancorp, Inc. (NASDAQ: “CZWI”) is the holding company of the Bank, a national bank based in Altoona, Wisconsin, currently serving customers primarily in Wisconsin and Minnesota through 22 branch locations. Its primary markets include the Chippewa Valley Region in Wisconsin, the Twin Cities and Mankato markets in Minnesota, and various rural communities around these areas. The Bank offers traditional community banking services to businesses, ag operators and consumers, including residential mortgage loans.

    Cautionary Statement Regarding Forward-Looking Statements

    Certain statements contained in this release are considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified using forward-looking words or phrases such as “anticipate,” “believe,” “could,” “expect,” “estimates,” “intend,” “may,” “on pace,” “preliminary,” “planned,” “potential,” “should,” “will,” “would” or the negative of those terms or other words of similar meaning. Such forward-looking statements in this release are inherently subject to many uncertainties arising in the operations and business environment of the Company and the Bank. These uncertainties include: conditions in the financial markets and economic conditions generally; the impact of inflation on our business and our customers; geopolitical tensions, including current or anticipated impact of military conflicts; higher lending risks associated with our commercial and agricultural banking activities; future pandemics (including new variants of COVID-19); cybersecurity risks; adverse impacts on the regional banking industry and the business environment in which it operates; interest rate risk; lending risk; changes in the fair value or ratings downgrades of our securities; the sufficiency of allowance for credit losses; competitive pressures among depository and other financial institutions; disintermediation risk; our ability to maintain our reputation; our ability to maintain or increase our market share; our ability to realize the benefits of net deferred tax assets; our inability to obtain needed liquidity; our ability to raise capital needed to fund growth or meet regulatory requirements; our ability to attract and retain key personnel; our ability to keep pace with technological change; prevalence of fraud and other financial crimes; the possibility that our internal controls and procedures could fail or be circumvented; our ability to successfully execute our acquisition growth strategy; risks posed by acquisitions and other expansion opportunities, including difficulties and delays in integrating the acquired business operations or fully realizing the cost savings and other benefits; restrictions on our ability to pay dividends; the potential volatility of our stock price; accounting standards for credit losses; legislative or regulatory changes or actions, or significant litigation, adversely affecting the Company or Bank; public company reporting obligations; changes in federal or state tax laws; and changes in accounting principles, policies or guidelines and their impact on financial performance. Stockholders, potential investors, and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Such uncertainties and other risks that may affect the Company’s performance are discussed further in Part I, Item 1A, “Risk Factors,” in the Company’s Form 10-K, for the year ended December 31, 2023, filed with the Securities and Exchange Commission (“SEC”) on March 5, 2024 and the Company’s subsequent filings with the SEC. The Company undertakes no obligation to make any revisions to the forward-looking statements contained in this news release or to update them to reflect events or circumstances occurring after the date of this release.

    1Non-GAAP Financial Measures

    This press release contains non-GAAP financial measures, such as net income as adjusted, net income as adjusted per share, tangible book value, tangible book value per share, tangible common equity as a percent of tangible assets and return on average tangible common equity, which management believes may be helpful in understanding the Company’s results of operations or financial position and comparing results over different periods.

    Net income as adjusted and net income as adjusted per share are non-GAAP measures that eliminate the impact of certain expenses such as branch closure costs and related severance pay, accelerated depreciation expense and lease termination fees, and the gain on sale of branch deposits and fixed assets. Tangible book value, tangible book value per share, tangible common equity as a percentage of tangible assets and return on average tangible common equity are non-GAAP measures that eliminate the impact of goodwill and intangible assets on our financial position. Management believes these measures are useful in assessing the strength of our financial position.

    Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in this press release. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other banks and financial institutions.

    Contact: Steve Bianchi, CEO
    (715)-836-9994

    (CZWI-ER)

    CITIZENS COMMUNITY BANCORP, INC.
    Consolidated Balance Sheets
    (in thousands, except shares and per share data)
        December 31, 2024 (unaudited)   September 30, 2024 (unaudited)   June 30, 2024 (unaudited)   December 31, 2023 (audited)
    Assets                
    Cash and cash equivalents   $ 50,172     $ 36,632     $ 36,886     $ 37,138  
    Securities available for sale “AFS”     142,851       149,432       146,438       155,743  
    Securities held to maturity “HTM”     85,504       87,033       88,605       91,229  
    Equity investments     4,702       5,096       5,023       3,284  
    Other investments     12,500       12,311       13,878       15,725  
    Loans receivable     1,368,981       1,424,828       1,428,588       1,460,792  
    Allowance for credit losses     (20,549 )     (21,000 )     (21,178 )     (22,908 )
    Loans receivable, net     1,348,432       1,403,828       1,407,410       1,437,884  
    Loans held for sale     1,329       697       275       5,773  
    Mortgage servicing rights, net     3,663       3,696       3,731       3,865  
    Office properties and equipment, net     17,075       17,365       17,774       18,373  
    Accrued interest receivable     5,653       6,235       6,289       5,409  
    Intangible assets     979       1,158       1,336       1,694  
    Goodwill     31,498       31,498       31,498       31,498  
    Foreclosed and repossessed assets, net     915       1,572       1,662       1,795  
    Bank owned life insurance (“BOLI”)     26,102       25,901       25,708       25,647  
    Other assets     17,144       16,683       15,794       16,334  
    TOTAL ASSETS   $ 1,748,519     $ 1,799,137     $ 1,802,307     $ 1,851,391  
    Liabilities and Stockholders’ Equity                
    Liabilities:                
    Deposits   $ 1,488,148     $ 1,520,667     $ 1,519,544     $ 1,519,092  
    Federal Home Loan Bank (“FHLB”) advances     5,000       21,000       31,500       79,530  
    Other borrowings     61,606       61,548       61,498       67,465  
    Other liabilities     14,681       15,773       13,720       11,970  
    Total liabilities     1,569,435       1,618,988       1,626,262       1,678,057  
    Stockholders’ equity:                
    Common stock— $0.01 par value, authorized 30,000,000; 9,981,996, 10,074,136, 10,297,341, and 10,440,591 shares issued and outstanding, respectively     100       101       103       104  
    Additional paid-in capital     114,564       115,455       117,838       119,441  
    Retained earnings     80,840       78,438       75,501       71,117  
    Accumulated other comprehensive loss     (16,420 )     (13,845 )     (17,397 )     (17,328 )
    Total stockholders’ equity     179,084       180,149       176,045       173,334  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 1,748,519     $ 1,799,137     $ 1,802,307     $ 1,851,391  

                    Note: Certain items previously reported were reclassified for consistency with the current presentation.

    CITIZENS COMMUNITY BANCORP, INC.
    Consolidated Statements of Operations
    (in thousands, except per share data)
        Three Months Ended   Twelve Months Ended
        December 31, 2024 (unaudited)   September 30, 2024 (unaudited)   December 31, 2023 (unaudited)   December 31, 2024 (unaudited)   December 31, 2023 (audited)
    Interest and dividend income:                    
    Interest and fees on loans   $ 19,534     $ 20,115     $ 19,408     $ 79,738     $ 73,577  
    Interest on investments     2,427       2,397       2,618       9,877       10,671  
    Total interest and dividend income     21,961       22,512       22,026       89,615       84,248  
    Interest expense:                    
    Interest on deposits     9,273       10,165       7,851       37,985       25,749  
    Interest on FHLB borrowed funds     65       128       1,371       1,281       5,966  
    Interest on other borrowed funds     915       934       1,057       3,875       4,184  
    Total interest expense     10,253       11,227       10,279       43,141       35,899  
    Net interest income before provision for credit losses     11,708       11,285       11,747       46,474       48,349  
    (Negative) provision for credit losses     (450 )     (400 )     (650 )     (3,175 )     (475 )
    Net interest income after provision for credit losses     12,158       11,685       12,397       49,649       48,824  
    Non-interest income:                    
    Service charges on deposit accounts     450       513       485       1,924       1,949  
    Interchange income     550       577       581       2,247       2,324  
    Loan servicing income     520       643       539       2,271       2,218  
    Gain on sale of loans     218       752       191       2,216       1,692  
    Loan fees and service charges     292       165       124       996       432  
    Net realized gains on debt securities     —       —       —       —       12  
    Net (losses) gains on equity securities     (287 )     (78 )     277       (856 )     447  
    Bank Owned Life Insurance (BOLI) death benefit     —       —       —       184       —  
    Other     266       349       283       1,125       1,176  
    Total non-interest income     2,009       2,921       2,480       10,107       10,250  
    Non-interest expense:                    
    Compensation and related benefits     5,840       5,743       5,139       22,741       21,106  
    Occupancy     1,217       1,242       1,314       5,159       5,431  
    Data processing     1,743       1,665       1,511       6,530       5,951  
    Amortization of intangible assets     179       178       179       715       755  
    Mortgage servicing rights expense, net     107       163       159       534       615  
    Advertising, marketing and public relations     218       225       262       793       734  
    FDIC premium assessment     192       201       204       798       812  
    Professional services     514       336       371       1,763       1,524  
    Losses (gains) on repossessed assets, net     247       65       —       294       62  
    Other     552       603       1,067       2,979       3,152  
    Total non-interest expense     10,809       10,421       10,206       42,306       40,142  
    Income before provision for income taxes     3,358       4,185       4,671       17,450       18,932  
    Provision for income taxes     656       899       978       3,699       5,873  
    Net income attributable to common stockholders   $ 2,702     $ 3,286     $ 3,693     $ 13,751     $ 13,059  
    Per share information:                    
    Basic earnings   $ 0.27     $ 0.32     $ 0.35     $ 1.34     $ 1.25  
    Diluted earnings   $ 0.27     $ 0.32     $ 0.35     $ 1.34     $ 1.25  
    Cash dividends paid   $ —     $ —     $ —     $ 0.32     $ 0.29  
    Book value per share at end of period   $ 17.94     $ 17.88     $ 16.60     $ 17.94     $ 16.60  
    Tangible book value per share at end of period (non-GAAP)   $ 14.69     $ 14.64     $ 13.42     $ 14.69     $ 13.42  

    Reconciliation of GAAP Net Income and Net Income as Adjusted (non-GAAP)

    (in thousands, except per share data)

        Three Months Ended   Twelve Months Ended
        December 31,
    2024    		   September 30,
    2024    		   December 31,
    2023    		   December 31,
    2024    		   December 31,
    2023
                       
    GAAP pretax income   $ 3,358   $ 4,185   $ 4,671   $ 17,450   $ 18,932
    Branch closure costs (1)     —     —     380     168     380
    Pretax income as adjusted (2)   $ 3,358   $ 4,185   $ 5,051   $ 17,618   $ 19,312
    Provision for income tax on net income as adjusted (3)     656     899     1,058     3,735     5,991
    Net income as adjusted (non-GAAP) (2)   $ 2,702   $ 3,286   $ 3,993   $ 13,883   $ 13,321
    GAAP diluted earnings per share, net of tax   $ 0.27   $ 0.32   $ 0.35   $ 1.34   $ 1.25
    Branch closure costs, net of tax     —     —     0.03     0.01     0.03
    Diluted earnings per share, as adjusted, net of tax (non-GAAP)   $ 0.27   $ 0.32   $ 0.38   $ 1.35   $ 1.28
                         
    Average diluted shares outstanding     10,033,957     10,204,195     10,457,184     10,262,710     10,470,298

    (1) Branch closure costs include severance pay recorded in compensation and benefits and depreciation and right of use lease asset accelerated expense included in other non-interest expense in the consolidated statement of operations.
    (2) Pretax income as adjusted and net income as adjusted are non-GAAP measures that management believes enhances the market’s ability to assess the underlying business performance and trends related to core business activities.
    (3) Provision for income tax on net income as adjusted is calculated at our effective tax rate for each respective period presented.

    Loan Composition

    (in thousands)

        December 31, 2024   September 30, 2024   June 30, 2024   December 31, 2023
    Total Loans:                
    Commercial/Agricultural real estate:                
    Commercial real estate   $ 709,018     $ 730,459     $ 729,236     $ 750,531  
    Agricultural real estate     73,130       76,043       78,248       83,350  
    Multi-family real estate     220,805       239,191       234,758       228,095  
    Construction and land development     78,489       87,875       87,898       110,941  
    C&I/Agricultural operating:                
    Commercial and industrial     115,657       119,619       127,386       121,666  
    Agricultural operating     31,000       27,550       27,409       25,691  
    Residential mortgage:                
    Residential mortgage     132,341       134,944       133,503       129,021  
    Purchased HELOC loans     2,956       2,932       2,915       2,880  
    Consumer installment:                
    Originated indirect paper     3,970       4,405       5,110       6,535  
    Other consumer     5,012       5,438       5,860       6,187  
    Gross loans   $ 1,372,378     $ 1,428,456     $ 1,432,323     $ 1,464,897  
    Unearned net deferred fees and costs and loans in process     (2,547 )     (2,703 )     (2,733 )     (2,900 )
    Unamortized discount on acquired loans     (850 )     (925 )     (1,002 )     (1,205 )
    Total loans receivable   $ 1,368,981     $ 1,424,828     $ 1,428,588     $ 1,460,792  

    Nonperforming Assets
    Loan Balances at Amortized Cost

    (in thousands, except ratios)

        December 31, 2024   September 30, 2024   June 30, 2024   December 31, 2023
    Nonperforming assets:                
    Nonaccrual loans                
    Commercial real estate   $ 4,594     $ 4,778     $ 5,350     $ 10,359  
    Agricultural real estate     6,222       6,193       382       391  
    Construction and land development     103       106       —       54  
    Commercial and industrial (“C&I”)     597       1,956       422       —  
    Agricultural operating     793       901       1,017       1,180  
    Residential mortgage     858       1,088       1,145       1,167  
    Consumer installment     1       20       36       33  
    Total nonaccrual loans   $ 13,168     $ 15,042     $ 8,352     $ 13,184  
    Accruing loans past due 90 days or more     186       530       256       389  
    Total nonperforming loans (“NPLs”) at amortized cost     13,354       15,572       8,608       13,573  
    Foreclosed and repossessed assets, net     915       1,572       1,662       1,795  
    Total nonperforming assets (“NPAs”)   $ 14,269     $ 17,144     $ 10,270     $ 15,368  
    Loans, end of period   $ 1,368,981     $ 1,424,828     $ 1,428,588     $ 1,460,792  
    Total assets, end of period   $ 1,748,519     $ 1,799,137     $ 1,802,307     $ 1,851,391  
    Ratios:                
    NPLs to total loans     0.98 %     1.09 %     0.60 %     0.93 %
    NPAs to total assets     0.82 %     0.95 %     0.57 %     0.83 %

    Average Balances, Interest Yields and Rates

    (in thousands, except yields and rates)

        Three Months Ended
    December 31, 2024    		   Three Months Ended
    September 30, 2024    		   Three Months Ended
    December 31, 2023
        Average
    Balance    		   Interest
    Income/
    Expense    		   Average
    Yield/
    Rate    		   Average
    Balance    		   Interest
    Income/
    Expense    		   Average
    Yield/
    Rate    		   Average
    Balance    		   Interest
    Income/
    Expense    		   Average
    Yield/
    Rate
    Average interest earning assets:                                    
    Cash and cash equivalents   $ 26,197   $ 327   4.97 %   $ 25,187   $ 360   5.69 %   $ 16,699   $ 241   5.73 %
    Loans receivable     1,396,854     19,534   5.56 %     1,429,928     20,115   5.60 %     1,458,558     19,408   5.28 %
    Investment securities     235,268     1,940   3.28 %     236,960     1,966   3.30 %     243,705     2,102   3.42 %
    Other investments     12,318     160   5.17 %     12,553     71   2.25 %     15,760     275   6.92 %
    Total interest earning assets   $ 1,670,637   $ 21,961   5.23 %   $ 1,704,628   $ 22,512   5.25 %   $ 1,734,722   $ 22,026   5.04 %
    Average interest-bearing liabilities:                                    
    Savings accounts   $ 162,501   $ 383   0.94 %   $ 170,777   $ 450   1.05 %   $ 175,281   $ 323   0.73 %
    Demand deposits     346,411     1,891   2.17 %     357,201     2,152   2.40 %     329,096     1,680   2.03 %
    Money market accounts     351,566     2,720   3.08 %     381,369     3,126   3.26 %     326,981     2,217   2.69 %
    CD’s     374,087     4,279   4.55 %     379,722     4,437   4.65 %     368,110     3,631   3.91 %
    Total deposits   $ 1,234,565   $ 9,273   2.99 %   $ 1,289,069   $ 10,165   3.14 %   $ 1,199,468   $ 7,851   2.60 %
    FHLB advances and other borrowings     72,431     980   5.38 %     80,338     1,062   5.26 %     191,575     2,428   5.03 %
    Total interest-bearing liabilities   $ 1,306,996   $ 10,253   3.12 %   $ 1,369,407   $ 11,227   3.26 %   $ 1,391,043   $ 10,279   2.93 %
    Net interest income       $ 11,708           $ 11,285           $ 11,747    
    Interest rate spread           2.11 %           1.99 %           2.11 %
    Net interest margin           2.79 %           2.63 %           2.69 %
    Average interest earning assets to average interest-bearing liabilities           1.28             1.24             1.25  
        Twelve Months Ended
    December 31, 2024    		   Twelve Months Ended
    December, 2023
        Average
    Balance    		   Interest
    Income/
    Expense    		   Average
    Yield/
    Rate    		   Average
    Balance    		   Interest
    Income/
    Expense    		   Average
    Yield/
    Rate
    Average interest earning assets:                        
    Cash and cash equivalents   $ 20,864   $ 1,150   5.51 %   $ 18,469   $ 1,010   5.47 %
    Loans receivable     1,430,631     79,738   5.57 %     1,430,035     73,577   5.15 %
    Interest bearing deposits     —     —   — %     63     1   1.59 %
    Investment securities     238,851     7,977   3.34 %     257,020     8,606   3.35 %
    Other investments     12,816     750   5.85 %     16,274     1,054   6.48 %
    Total interest earning assets   $ 1,703,162   $ 89,615   5.26 %   $ 1,721,861   $ 84,248   4.89 %
    Average interest-bearing liabilities:                        
    Savings accounts   $ 171,069   $ 1,684   0.98 %   $ 200,087   $ 1,427   0.71 %
    Demand deposits     353,107     8,083   2.29 %     359,866     6,727   1.87 %
    Money market accounts     371,909     11,725   3.15 %     306,020     6,976   2.28 %
    CD’s     366,634     16,493   4.50 %     317,376     10,619   3.35 %
    Total deposits   $ 1,262,719   $ 37,985   3.01 %   $ 1,183,349   $ 25,749   2.18 %
    FHLB advances and other borrowings     99,731     5,156   5.17 %     208,373     10,150   4.87 %
    Total interest-bearing liabilities   $ 1,362,450   $ 43,141   3.17 %   $ 1,391,722   $ 35,899   2.58 %
    Net interest income       $ 46,474           $ 48,349    
    Interest rate spread           2.09 %           2.31 %
    Net interest margin           2.73 %           2.81 %
    Average interest earning assets to average interest bearing liabilities           1.25             1.24  

    Wholesale Deposits
    (in thousands)

        Quarter Ended
        December 31, 2024   September 30, 2024   June 30, 2024   March 31, 2024   December 31, 2023
    Brokered certificate accounts   $ 14,123   $ 48,578   $ 54,123   $ 43,507   $ 58,209
    Brokered money market accounts     5,002     18,076     42,673     40,429     40,050
    Third party originated reciprocal deposits     14,125     26,266     17,237     13,178     8,047
    Total   $ 33,250   $ 92,920   $ 114,033   $ 97,114   $ 106,306

    Key Financial Metric Ratios:

        Three Months Ended   Twelve Months Ended
        December 31, 2024   September 30, 2024   December 31, 2023   December 31, 2024   December 31, 2023
    Ratios based on net income:                    
    Return on average assets (annualized)   0.61 %   0.72 %   0.79 %   0.76 %   0.71 %
    Return on average equity (annualized)   6.00 %   7.34 %   8.72 %   7.84 %   7.87 %
    Return on average tangible common equity4 (annualized)   7.72 %   9.38 %   11.29 %   10.03 %   10.26 %
    Efficiency ratio   76 %   72 %   72 %   72 %   68 %
    Net interest margin with loan purchase accretion   2.79 %   2.63 %   2.69 %   2.73 %   2.81 %
    Net interest margin without loan purchase accretion   2.77 %   2.61 %   2.67 %   2.69 %   2.78 %
    Ratios based on net income as adjusted (non-GAAP)                    
    Return on average assets as adjusted2 (annualized)   0.61 %   0.72 %   0.86 %   0.77 %   0.73 %
    Return on average equity as adjusted3 (annualized)   6.00 %   7.34 %   9.43 %   7.91 %   8.03 %

    Reconciliation of Return on Average Assets

    (in thousands, except ratios)

        Three Months Ended   Twelve Months Ended
        December 31, 2024   September 30, 2024   December 31, 2023   December 31, 2024   December 31, 2023
           
    GAAP earnings after income taxes   $ 2,702     $ 3,286     $ 3,693     $ 13,751     $ 13,059  
    Net income as adjusted after income taxes (non-GAAP) (1)   $ 2,702     $ 3,286     $ 3,993     $ 13,883     $ 13,321  
    Average assets   $ 1,771,351     $ 1,810,826     $ 1,843,789     $ 1,808,256     $ 1,836,337  
    Return on average assets (annualized)     0.61 %     0.72 %     0.79 %     0.76 %     0.71 %
    Return on average assets as adjusted (non-GAAP) (annualized)     0.61 %     0.72 %     0.86 %     0.77 %     0.73 %

    (1) See Reconciliation of GAAP Net Income and Net Income as Adjusted (non-GAAP)

    Reconciliation of Return on Average Equity

    (in thousands, except ratios)

        Three Months Ended   Twelve Months Ended
        December 31, 2024   September 30, 2024   December 31, 2023   December 31, 2024   December 31, 2023
    GAAP earnings after income taxes   $ 2,702     $ 3,286     $ 3,693     $ 13,751     $ 13,059  
    Net income as adjusted after income taxes (non-GAAP) (1)   $ 2,702     $ 3,286     $ 3,993     $ 13,883     $ 13,321  
    Average equity   $ 179,242     $ 178,050     $ 168,058     $ 175,475     $ 165,968  
    Return on average equity (annualized)     6.00 %     7.34 %     8.72 %     7.84 %     7.87 %
    Return on average equity as adjusted (non-GAAP) (annualized)     6.00 %     7.34 %     9.43 %     7.91 %     8.03 %

    (1) See Reconciliation of GAAP Net Income and Net Income as Adjusted (non-GAAP)

    Reconciliation of tangible book value per share (non-GAAP)

    (in thousands, except per share data)

    Tangible book value per share at end of period   December 31, 2024   September 30, 2024   June 30, 2024   December 31, 2023
    Total stockholders’ equity   $ 179,084     $ 180,149     $ 176,045     $ 173,334  
    Less: Goodwill     (31,498 )     (31,498 )     (31,498 )     (31,498 )
    Less: Intangible assets     (979 )     (1,158 )     (1,336 )     (1,694 )
    Tangible common equity (non-GAAP)   $ 146,607     $ 147,493     $ 143,211     $ 140,142  
    Ending common shares outstanding     9,981,996       10,074,136       10,297,341       10,440,591  
    Book value per share   $ 17.94     $ 17.88     $ 17.10     $ 16.60  
    Tangible book value per share (non-GAAP)   $ 14.69     $ 14.64     $ 13.91     $ 13.42  

    Reconciliation of tangible common equity as a percent of tangible assets (non-GAAP)

    (in thousands, except ratios)

    Tangible common equity as a percent of tangible assets at end of period   December 31, 2024   September 30, 2024   June 30, 2024   December 31, 2023
    Total stockholders’ equity   $ 179,084     $ 180,149     $ 176,045     $ 173,334  
    Less: Goodwill     (31,498 )   $ (31,498 )   $ (31,498 )     (31,498 )
    Less: Intangible assets     (979 )   $ (1,158 )   $ (1,336 )     (1,694 )
    Tangible common equity (non-GAAP)   $ 146,607     $ 147,493     $ 143,211     $ 140,142  
    Total Assets   $ 1,748,519     $ 1,799,137     $ 1,802,307     $ 1,851,391  
    Less: Goodwill     (31,498 )     (31,498 )     (31,498 )     (31,498 )
    Less: Intangible assets     (979 )     (1,158 )     (1,336 )     (1,694 )
    Tangible Assets (non-GAAP)   $ 1,716,042     $ 1,766,481     $ 1,769,473     $ 1,818,199  
    Total stockholders’ equity to total assets ratio     10.24 %     10.01 %     9.77 %     9.36 %
    Tangible common equity as a percent of tangible assets (non-GAAP)     8.54 %     8.35 %     8.09 %     7.71 %

    Reconciliation of Return on Average Tangible Common Equity (non-GAAP)

    (in thousands, except ratios)

        Three Months Ended   Twelve Months Ended
        December 31, 2024   September 30, 2024   December 31, 2023   December 31, 2024   December 31, 2023
    Total stockholders’ equity   $ 179,084     $ 180,149     $ 173,334     $ 179,084     $ 173,334  
    Less: Goodwill     (31,498 )     (31,498 )     (31,498 )     (31,498 )     (31,498 )
    Less: Intangible assets     (979 )     (1,158 )     (1,694 )     (979 )     (1,694 )
    Tangible common equity (non-GAAP)   $ 146,607     $ 147,493     $ 140,142     $ 146,607     $ 140,142  
    Average tangible common equity (non-GAAP)   $ 146,676     $ 145,305     $ 134,776     $ 142,641     $ 132,409  
    GAAP earnings after income taxes     2,702       3,286       3,693       13,751       13,059  
    Amortization of intangible assets, net of tax     144       140       142       563       521  
    Tangible net income   $ 2,846     $ 3,426     $ 3,835     $ 14,314     $ 13,580  
    Return on average tangible common equity (annualized)     7.72 %     9.38 %     11.29 %     10.03 %     10.26 %

    Reconciliation of Efficiency Ratio

    (in thousands, except ratios)

      Three Months Ended   Twelve Months Ended
      December 31, 2024   September 30, 2024   December 31, 2023   December 31, 2024   December 31, 2023
    Non-interest expense (GAAP) $ 10,809     $ 10,421     $ 10,206     $ 42,306     $ 40,142  
    Less amortization of intangibles   (179 )     (178 )     (179 )     (715 )     (755 )
    Efficiency ratio numerator (GAAP) $ 10,630     $ 10,243     $ 10,027     $ 41,591     $ 39,387  
                       
    Non-interest income $ 2,009     $ 2,921     $ 2,480     $ 10,107     $ 10,250  
    Add back net losses on debt and equity securities   (287 )     (78 )     —       (856 )     —  
    Subtract net gains on debt and equity securities   —       —       277       —       459  
    Net interest income   11,708       11,285       11,747       46,474       48,349  
    Efficiency ratio denominator (GAAP) $ 14,004     $ 14,284     $ 13,950     $ 57,437     $ 58,140  
    Efficiency ratio (GAAP)   76 %     72 %     72 %     72 %     68 %

    1Net income as adjusted and net income as adjusted per share are non-GAAP financial measures that management believes enhances investors’ ability to better understand the underlying business performance and trends related to core business activities. For a detailed reconciliation of GAAP to non-GAAP results, see the accompanying financial table “Reconciliation of GAAP Net Income and Net Income as Adjusted (non-GAAP)”.

    2Return on average assets as adjusted is a non-GAAP measure that management believes enhances investors’ ability to better understand the underlying business performance and trends relative to average assets. For a detailed reconciliation of GAAP to non-GAAP results, see the accompanying financial table “Reconciliation of Return on Average Assets as Adjusted (non-GAAP)”.

    3Return on average equity as adjusted is a non-GAAP measure that management believes enhances investors’ ability to better understand the underlying business performance and trends relative to average equity. For a detailed reconciliation of GAAP to non-GAAP results, see the accompanying financial table “Reconciliation of Return on Average Equity as Adjusted (non-GAAP)”.

    4Tangible book value, tangible book value per share, tangible common equity as a percent of tangible assets and return on tangible common equity are non-GAAP measures that management believes enhances investors’ ability to better understand the Company’s financial position. For a detailed reconciliation of GAAP to non-GAAP results, see the accompanying financial table “Reconciliation of tangible book value per share (non-GAAP)”, “Reconciliation of tangible common equity as a percent of tangible assets (non-GAAP)”, and “Reconciliation of return on average tangible common equity)”.

    The MIL Network –

  • MIL-OSI: Byrna Technologies Partners with USCCA to Promote Less-Lethal Self-Defense Solutions

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., Jan. 27, 2025 (GLOBE NEWSWIRE) — Byrna Technologies Inc. (“Byrna” or the “Company”) (Nasdaq: BYRN), a personal defense technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions, today announced that it is partnering with the United States Concealed Carry Association (USCCA). This collaboration will enable Byrna to highlight its less-lethal solutions to nearly one million USCCA members.

    The United States Concealed Carry Association (USCCA) helps responsible Americans prepare for what happens before, during, and after an Act of Self-Defense. In addition to offering education and training, the USCCA has an insurance policy that provides the association’s members with self-defense liability insurance.

    “This collaboration further legitimizes our less-lethal launchers as viable alternatives to traditional firearms,” said Bryan Ganz, CEO of Byrna. “With nearly a million members, the USCCA also offers us a new channel to introduce our products to responsible gun owners, a key demographic for us. We encourage our customers to take advantage of the USCCA’s self-defense training and liability insurance to ensure they are well-prepared and protected.”

    USCCA Chairman and Co-Founder Tim Schmidt added: “Byrna is a leader in the less-lethal market, and we are proud to showcase their products to our members as an important self-defense option. We look forward to providing Byrna customers with access to best-in-class liability protection and important self-defense training lessons.”

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

    Forward-Looking Statements
    This news release contains “forward-looking statements” within the meaning of the securities laws. All statements contained in this news release, other than statements of current and historical fact, are forward-looking. Often, but not always, forward-looking statements can be identified by the use of words such as “plans,” “expects,” “intends,” “anticipates,” and “believes” and statements that certain actions, events or results “may,” “could,” “would,” “should,” “might,” “occur,” “be achieved,” or “will be taken.” Forward-looking statements include descriptions of currently occurring matters which may continue in the future. Forward-looking statements in this news release include, but are not limited to, our statements related to preliminary revenue results for the fourth fiscal quarter and fiscal year 2024, the timing of the release of full financial results for the quarter, trends regarding brand recognition and future sales potential, sales during the holiday season and during 2025, and the Company’s plans to open Company-owned retail stores. Forward-looking statements are not, and cannot be, a guarantee of future results or events. Forward-looking statements are based on, among other things, opinions, assumptions, estimates, and analyses that, while considered reasonable by the Company at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies, and other factors that may cause actual results and events to be materially different from those expressed or implied.

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

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

    The MIL Network –

  • MIL-OSI China: Chinese premier urges work to ensure safe passenger transport, smooth logistics during holiday

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

    Chinese premier urges work to ensure safe passenger transport, smooth logistics during holiday

    Chinese Premier Li Qiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, inspects Ministry of Transport work for the Spring Festival travel rush in Beijing, capital of China, Jan. 27, 2025. [Photo/Xinhua]

    BEIJING, Jan. 27 — Chinese Premier Li Qiang on Monday emphasized the need to safeguard safe, smooth travel for the public during the Spring Festival travel rush, as well as the efficient operations of transport logistics.

    Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks when inspecting Ministry of Transport work for the holiday travel season.

    The Spring Festival travel season is a time when happy journeys are made for families to come together, and this year’s travel rush is expected to hit a record high number of such journeys, posing another test for the country’s transport system, Li said.

    He urged smooth, efficient passenger transport based on the scientific analysis of passenger flow patterns. Adjustments should be made to increase the number of train services, optimize schedules, and extend operating hours, allowing travelers to reach their destinations in a timely manner, Li said.

    China has recently experienced widespread rain, snow and cold weather, significantly impacting transport, he noted, calling for work to monitor weather changes, provide forecast and warning information through multiple channels, and stay prepared to respond to emergencies to minimize the impact of severe weather on public travel.

    After he was briefed on foreign trade and express logistics services at ports during the holiday travel rush, Li said that efficient port cargo transportation is a significant advantage for China’s foreign trade, and that it is important to maintain effective port logistics to ensure the timely delivery of overseas orders during the holiday.

    He highlighted the country’s smooth logistics network, urging express delivery firms to allocate labor and transport resources effectively to meet the basic delivery service needs of the public.

    Efforts should be made to ensure the supply of essential materials during the peak travel period, such as food, coal for electricity and heating, and holiday necessities, he said.

    MIL OSI China News –

  • MIL-OSI China: Xi sends Chinese New Year card in return to friends in U.S. state of Iowa

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

    Xi sends Chinese New Year card in return to friends in U.S. state of Iowa

    BEIJING, Jan. 27 — Chinese President Xi Jinping on Monday sent a Chinese New Year card in return to friends in the U.S. state of Iowa, saying that China and the United States share extensive common interests and broad space for cooperation and can become partners and friends.

    Xi said in the reply card that the warm reception he received when he visited the beautiful state of Iowa 40 years ago is still fresh in his memory.

    China and the United States can achieve mutual success and common prosperity for the benefit of both countries and the world at large, Xi said.

    The Chinese president expressed his hope that the two peoples will pay more visits to each other and have more exchanges, jointly write new stories of friendship between the two peoples, and make new contributions to the development of China-U.S. relations.

    Earlier, 58 people from Iowa, including friends Luca Berrone, Gary Dvorchak and Sarah Lande, former U.S. Ambassador to China Terry Branstad and his wife, former President of the World Food Prize Foundation Kenneth Quinn, as well as representatives of teachers, students and parents from Iowa who participated in the initiative of inviting 50,000 young Americans to China for exchange and study for a five-year period, jointly sent a Chinese New Year card to President Xi.

    In the card, they recalled Xi’s first visit to Iowa in 1985 and extended New Year greetings to President Xi in the Year of the Snake.

    The representatives of teachers, students and parents thanked Xi for putting forward the “50,000 in Five Years” initiative, shared their feelings about visiting China, and expressed their expectations to visit China again.

    MIL OSI China News –

  • MIL-OSI Global: Understanding paranormal beliefs and conspiracy theories isn’t just about misinformation – this course unpacks the history

    Source: The Conversation – USA – By Jeb Card, Associate Teaching Professor of Anthropology, Miami University

    The ‘black mailbox’ along Highway 375 near Rachel, Nev., a traditional spot for UFO hunters to meet and search the skies near Area 51. AP Photo/John Locher

    Uncommon Courses is an occasional series from The Conversation U.S. highlighting unconventional approaches to teaching.

    Title of course:

    “Investigating the Paranormal”

    What prompted the idea for the course?

    My training and professional work have been in Mesoamerican archaeology, but I’ve had a lifelong fascination with paranormal concepts. In fact, I considered studying the UFO community for my doctoral research in cultural anthropology.

    I eventually fused these two interests in my book “Spooky Archaeology: Myth and the Science of the Past,” which examines why archaeology shows up so much in ideas about the mysterious and weird. Most people are familiar with pop culture characters like Indiana Jones seeking magical artifacts. Perhaps less immediately obvious is just how common archaeological topics are in paranormal and conspiracy culture.

    The popularity of paranormal ideas – from television shows and thousands of podcasts to UFOs on the front page of The New York Times and in government investigations – made it clear that a course on paranormal culture would be an excellent way for students to get a taste of social science research.

    What does the course explore?

    The material begins with premodern ideas of magic, myth and metaphysics. The narrative that “Western” societies tell of the development of the modern world is that the Enlightenment cast off supernatural thinking in favor of science. The historical reality, however, is not so simple.

    As science based on observation of material evidence emerged in the 17th through 19th centuries, so did a paranormal worldview: theories about a nonmaterial or hidden reality beyond the mundane, from monsters to psychic powers. Some of these ideas were tied to older religious notions of the sacred or strange but not divine phenomena. Others were new – particularly those suggesting the hidden existence of prehistoric extinct creatures or lost cities.

    In either case, the key element was that proponents of these ideas often tried to support their existence with the kind of evidence used in science, though their “proofs” fell short of scientific standards. In other words, the paranormal is in conflict with the knowledge and worldview of modernity but also attempts to use the concepts of modernity to oppose it.

    The class examines how this tension produced 20th century “-ologies” like parapsychology, which examines evidence for consciousness beyond matter, and cryptozoology, which searches the ends of the Earth for creatures tied to the mythic past. We also learn about UFOlogy, whose proponents have collected alleged contacts with technology and beings from beyond this world ever since the Cold War, as great earthly powers filled the skies with secretive hi-tech aircraft and spaceships.

    As the class concludes, we examine how the “-ologies” declined after the Cold War, alongside the cultural capital of science, whose height of public respect was in the mid-20th century. Since then, proving the existence of paranormal things to institutional scientists has become less important in paranormal communities than promoting them to a broader public.

    Why is this course relevant now?

    Beyond public interest in paranormal topics, the paranormal is entwined with sociocultural forces that have dramatically increased the role of conspiracy rhetoric in the United States and elsewhere. At their core, both types of belief claim to have figured out some kind of supposedly hidden knowledge.

    Furthermore, the conspiracy theories that are now commonplace in American political discourse are more rooted in paranormal ideas than in previous decades. Conspiracy theories about the JFK assassination or even 9/11 were still largely within the materialist realm. People argued that “the truth” had been covered up, but their arguments did not rely on metaphysical ideas. Today, major conspiracy theories involve secret cabals, mystical symbols and code words, demonic forces and extraterrestrial entities.

    What’s a critical lesson from the course?

    Evidence must be interrogated on its own, regardless of whether it fits your perspective. I find time and again that students have a hard time approaching evidence without bias, whether that bias is conscious or not: “knowing” that something must be true, or must be absurd.

    One person apparently makes a death bed confession of faking a famous Loch Ness Monster photo, pleasing skeptics. Another claims to have seen a Bigfoot at close range, pleasing believers. Without further evidence, both are stories: no more, no less.

    The issue isn’t to draw an equivalence between the bigger concepts. Not all narratives are equally well-founded. But students learn how to collect evidence, rather than simply rely on their gut sense of what is plausible or not.

    What will the course prepare students to do?

    This course is meant to help students discern useful and reliable information about claims and events, separating them from irrelevant or inaccurate narratives or sources. The goal is not just “critical thinking” aimed at combating disinformation, though that is part of what they should learn. Students practice evaluating evidence but also develop an approach for analyzing and understanding phenomena behind it: how factors like history, culture and institutions of authority, such as science and government, shape what people trust and what they believe.

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

    – ref. Understanding paranormal beliefs and conspiracy theories isn’t just about misinformation – this course unpacks the history – https://theconversation.com/understanding-paranormal-beliefs-and-conspiracy-theories-isnt-just-about-misinformation-this-course-unpacks-the-history-242007

    MIL OSI – Global Reports –