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Category: Transport

  • MIL-OSI New Zealand: Legislation introduced to restrict farm-to-forest conversions

    Source: New Zealand Government

    Today Agriculture and Forestry Minister Todd McClay introduced long awaited legislation that will put a stop to large-scale farm-to-forestry conversions – delivering on a key election promise to protect the future of New Zealand food production.
    “For too long, productive sheep and beef farms have been replaced by pine trees in the race for carbon credits. That ends under this Government,” Mr McClay says.
    “The Climate Change Response (Emissions Trading Scheme – Forestry Conversions) Amendment Bill will restrict wholesale conversions of farmland to exotic forestry by stopping LUC 1-5 land from entering the ETS and capping new ETS registrations on LUC 6 land.
    “It will also protect farmers’ ability to diversify – allowing up to 25 per cent of a farm to go into trees, while stopping the kind of blanket ETS planting that’s been gutting rural communities in places like the East Coast, Wairarapa, the King Country, and Southland.”
    As previously announced the new restrictions will take effect from 4 December 2024. The law will:

    Restrict farm conversions to exotic ETS forests on high-to-medium versatility farmland (LUC classes 1-6)
    A limit of 15,000 hectares per year for exotic conversions on medium versality farmland (LUC class 6)
    The annual limit of 15,000 hectares for LUC 6 farmland will be allocated by a ballot process, including a reserved quota for small block holders, with the first ballot proposed to be held in mid-2026.
    Allow for up to 25 per cent of a farm’s LUC 1-6 land to still be planted in exotic forestry for the ETS, ensuring farmers retain flexibility and choice.
    Protect specific categories of Māori-owned land, in line with Treaty obligations
    The Bill proposes time-limited transitional exemptions in rare cases for people who were in the process of afforestation prior to these changes originally being announced on 4 December 2024.
    To be eligible for a transitional exemption, applicants need to show sufficient evidence that they made a qualifying forestry investment between 1 January 2021 and 4 December 2024.
    Transactions that commenced after this date will not be eligible to register in the ETS.  
    The applicant will need to demonstrate that the investment relates to the specific Land Use Capability (LUC) class 1–6 land they are applying to register in the ETS.
    Registry of 25 per cent of LUC 1-5 land will be registered against the properties title to restrict further planting as a result of subdivision. 

    “Labour’s careless ETS settings turbocharged the sell-off of our farming base. They let speculators put short-term profits ahead of long-term food production. That was careless – and it ends now,” Mr McClay says.
    “This Government is backing farmers, restoring balance, and making sure the ETS doesn’t come at the cost of New Zealand’s rural economy.
    “This policy is pro-farming, pro-food production, pro-commercial forestry and pro-rural New Zealand.”
    The legislation is now before Parliament and is to come into force October 2025.
    For more information: Forestry ETS Changes

    MIL OSI New Zealand News –

    June 10, 2025

  • MIL-OSI New Zealand: Unexpected path to study at EIT helps T&G employee

    Source: Eastern Institute of Technology

    1 minute ago

    An offer to support a friend’s studies unexpectedly set T&G’s Malandi Fourie on her own path of horticulture education through EIT.

    The South African-born assistant manager at T&G Global in Hawke’s Bay has completed levels 3 and 4 of the New Zealand Certificate in Horticulture Production (Fruit Production) and is now working towards the NZ Diploma in Horticulture Production (Level 5).

    Although she had experience working with plants through her family’s nursery in South Africa, Malandi never imagined she would formally study horticulture, until a friend, feeling nervous about classroom learning, needed support.

    Malandi Fourie is studying the NZ Diploma in Horticulture Production (Fruit Production) at EIT while working full-time at T&G.

    “I started the level 3 qualification two years ago just to help a friend who didn’t feel comfortable being in class alone. I ended up loving it and decided to carry on for myself.”

    She has now been in the industry for eight years and has worked her way up through various roles at T&G over the last six-and-a-half years from orchard hand to senior leading hand, then block lead, and now assistant manager.

    “It’s a very humble feeling, working outside in orchards. Being a Christian, I believe we were told to work the soil. But more than that, I’m here for the people, because I believe people grow the trees.”

    That people-first mindset has shaped her leadership style. Malandi says supporting others, especially women in the industry, is one of the most fulfilling parts of her job. From mental health struggles to financial hardship, she’s seen how practical skills, and a sense of purpose can help people reclaim confidence and direction.

    “They learn new skills, gain confidence, and feel proud of what they’re doing. It’s like they can breathe again.”

    As a mother of two children aged 17 and 20, Malandi admits balancing work, study and family life has been challenging. But completing her qualifications means a great deal.

    “I never finished my studies in South Africa, so this feels like closing a loop. It’s also about inspiring others. If I can do it, they can too.”

    She describes her experience at EIT as supportive and hands-on. “The tutors are passionate. They treat you like adults. It’s not just sitting in a classroom, they get you up, get you outside, and keep it practical.”

    Lisa Turnbull, Assistant Head of School Primary Industries, said Malandi’s journey is a wonderful example of personal and professional growth.

    “Her dedication to learning, leadership in the workplace, and commitment to supporting others embody values we strive to nurture at EIT.

    The team is proud to have been part of her journey thus far and looks forward to seeing her continue to make a meaningful impact in the industry.”

    MIL OSI New Zealand News –

    June 10, 2025

  • MIL-OSI USA: Van Orden, Moore Introduce Bipartisan Bill to Honor Troops Deployed to the Southern Border

    Source: United States House of Representatives – Congressman Derrick Van Orden (Wisconsin 3rd)

    WASHINGTON, D.C. — Today, retired Navy SEAL Congressman Derrick Van Orden (WI-03), along with Rep. Tim Moore (NC-14), introduced H.R. 3780 – the Border Operations Service Medal Act – to honor U.S. servicemembers and federal personnel who have defended the southern border under President Trump’s 2025 National Emergency declaration.

    The bill directs the Secretary of Defense to create and issue a Border Operations Service Medal to recognize military and National Guard personnel who served in designated border operations beginning January 1, 2025. The medal will be authorized for wear in accordance with uniform regulations and recorded in the recipient’s official service record.

    “President Biden manufactured the worst border crisis in our nation’s history,” said Rep. Van Orden. “Thankfully, our brave servicemembers have been doing incredible work at the southern border to protect our country from violent gang members and the flow of illicit, deadly drugs like fentanyl. They deserve to be honored for everything they are doing to keep Americans safe.” 

    “American troops at our southern border have bravely worked to stop the invasion of our country, one that threatened both our national security and our sovereignty. A country without secure borders is a country in name only,” said Rep. Moore. “These heroes are on the front lines defending the American people from violent cartels, human traffickers, terrorists, and mass illegal crossings — all while enduring smears from the radical left. They don’t ask for recognition, but they’ve more than earned it.”

    Original cosponsors include Reps. John McGuire (Navy SEAL), Abe Hamadeh (Army), Jack Bergman (Marine Corps), and Tom Barrett (Army) — as well as Reps. Ralph Norman, Robert Aderholt, Juan Ciscomani, Hal Rogers, Don Davis, and Chuck Edwards.

    “Our troops at the southern border are carrying out a critical mission – upholding the rule of law and protecting the integrity of our Nation,” said Congressman Jack Bergman. “While some seek to undermine their work for political gain, these men and women continue to serve with honor. I’m proud to join Rep. Moore and my colleagues in recognizing these brave men and women for their service.”

    “As a former U.S. Army Captain, Representative of a border state, and Member of the Armed Services Committee, I know how invaluable the service provided by these troops is to our national security. Serving on the border is not an easy job; the environment is extreme, and the risk is high. Our country is safer today because of their sacrifice, and it should be recognized with an award of this medal and our enduring gratitude,” said Congressman Hamadeh.

    Congressman Hal Rogers added, “Our nation is safer today, thanks to the members of our military and National Guard who have bravely secured our borders since the beginning of the year. The heroic efforts of these men and women have effectively driven down illegal border crossings, drug trafficking, human trafficking, and encounters with violent cartels to historic low rates. I am honored to join Congressman Tim Moore and my fellow veterans in Congress to recognize their efforts with a special Border Operations Service Medal.”

    Congressman Chuck Edwards said, “Our servicemembers and Federal personnel have courageously faced the consequences of the worst border crisis in our nation’s history, and they have earned the recognition of the Border Operations Service Medal. This honor not only acknowledges their bravery and commitment to protecting our country and citizens, but it also sends a clear message that the defense of our homeland starts at our borders.”

    “Our men and women serving on the front lines of the southern border operate under challenging and often dangerous conditions to protect Americans from violent threats. The Border Operations Service Medal Act is a long-overdue honor to the U.S. service members and federal personnel who not only enforce our laws but also help secure our communities. I fully support Congressman Moore’s effort to ensure they receive the recognition they have earned,” said Congressman Aderholt.

    Read the full text of the bill here.

    Key Background:

    • On January 20, 2025, President Trump officially declared a national emergency at the southern border under the National Emergencies Act, citing threats from cartels, human trafficking, terrorism, and illicit drugs. Read here. 
    • During President Trump’s first 100 days, daily border encounters dropped 95%, and migrant crossings declined by 99.99%. (Source) 
    • In March 2025, the United States saw the lowest monthly number of border encounters in recorded history, and fentanyl traffic fell by 54% compared to March of the previous year. (Source)

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI USA: Five Men Plead Guilty for Their Roles in Global Digital Asset Investment Scam Conspiracy Resulting in Theft of More than $36.9 Million from Victims

    Source: US State of California

    Five men have pleaded guilty for their roles in laundering more than $36.9 million from victims of an international digital asset investment scam conspiracy that was carried out from scam centers in Cambodia.

    According to court documents, Joseph Wong, 33, of Alhambra, California; Yicheng Zhang, 39, of China; Jose Somarriba, 55, of Los Angeles; Shengsheng He, 39, of La Puente, California; and Jingliang Su, 44, of China and Turkey, were part of an international criminal network that induced U.S. victims, believing they were investing in digital assets, to transfer funds to accounts controlled by co-conspirators and that laundered victim money through U.S. shell companies, international bank accounts, and digital asset wallets.

    As part of the conspiracy, co-conspirators residing overseas would contact U.S. victims directly through unsolicited social media interactions, telephone calls, text messages, and online dating services and gain the victims’ trust. The co-conspirators then promoted fraudulent digital asset investments to the victims. Scammers would tell victims that their investments were appreciating in value when, in fact, those funds were stolen and not invested at all. Instead, more than $36.9 million in victim funds were transferred from U.S. bank accounts controlled by the co-conspirators to a single account at Deltec Bank in the Bahamas, opened in the name of Axis Digital Limited. Somarriba, He, and Su directed Deltec Bank to convert victim funds to the stablecoin Tether (USDT) and to transfer the converted funds to a digital asset wallet controlled by individuals in Cambodia. From there, co-conspirators in Cambodia transferred the USDT to the leaders of scam centers throughout the region including in Sihanoukville, Cambodia.

    Somarriba and He founded Axis Digital and opened the Deltec Bank account. Su joined Axis Digital as a director and participated in the digital asset conversions and transfers of victim funds.

    Wong managed a network of money launderers in Los Angeles who registered shell companies, opened U.S. bank accounts, and wired victim funds to international bank accounts. Zhang opened and operated two U.S. bank accounts used to launder victim proceeds.

    Zhang and Wong pleaded guilty to money laundering conspiracy. They each face a maximum penalty of 20 years in prison. Zhang has been in custody since May 2024. He, Somarriba, and Su pleaded guilty to conspiracy to operate an unlicensed money services business. He, Somarriba, and Su each face a maximum penalty of five years in prison. Su has been in custody since November 2024. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Eight co-conspirators have pleaded guilty so far, including Daren Li, a national of China and St. Kitts and Nevis and former resident of Cambodia and the United Arab Emirates who has been in U.S. custody since April 2024, and Lu Zhang, a Chinese national illegally in the United States who managed a network of U.S.-based money launderers, who pleaded guilty to conspiracy to commit money laundering on Nov. 12, 2024 and May 13, 2024, respectively.

    Matthew R. Galeotti, Head of the Justice Department’s Criminal Division, U.S. Attorney Bilal A. Essayli for the Central District of California, and Special Agent in Charge William Mancino of the U.S. Secret Service (USSS) Criminal Investigative Division made the announcement.

    USSS’s Global Investigative Operations Center is investigating the case. The Homeland Security Investigations’ El Camino Real Financial Crimes Task Force, Customs and Border Protection’s National Targeting Center, U.S. Department of State’s Diplomatic Security Service, Dominican National Police, and U.S. Marshals Service provided valuable assistance.

    Trial Attorneys Stefanie Schwartz of the Criminal Division’s Computer Crime and Intellectual Property Section, Tamara Livshiz of the Justice Department’s Criminal Division, and Assistant U.S. Attorneys Maxwell Coll, Nisha Chandran, and Alexander Gorin for the Central District of California are prosecuting these cases.

    If you or someone you know is a victim of a digital asset investment fraud, report it to IC3.gov. 

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI Security: Five Men Plead Guilty for Their Roles in Global Digital Asset Investment Scam Conspiracy Resulting in Theft of More than $36.9 Million from Victims

    Source: United States Attorneys General 7

    Five men have pleaded guilty for their roles in laundering more than $36.9 million from victims of an international digital asset investment scam conspiracy that was carried out from scam centers in Cambodia.

    According to court documents, Joseph Wong, 33, of Alhambra, California; Yicheng Zhang, 39, of China; Jose Somarriba, 55, of Los Angeles; Shengsheng He, 39, of La Puente, California; and Jingliang Su, 44, of China and Turkey, were part of an international criminal network that induced U.S. victims, believing they were investing in digital assets, to transfer funds to accounts controlled by co-conspirators and that laundered victim money through U.S. shell companies, international bank accounts, and digital asset wallets.

    As part of the conspiracy, co-conspirators residing overseas would contact U.S. victims directly through unsolicited social media interactions, telephone calls, text messages, and online dating services and gain the victims’ trust. The co-conspirators then promoted fraudulent digital asset investments to the victims. Scammers would tell victims that their investments were appreciating in value when, in fact, those funds were stolen and not invested at all. Instead, more than $36.9 million in victim funds were transferred from U.S. bank accounts controlled by the co-conspirators to a single account at Deltec Bank in the Bahamas, opened in the name of Axis Digital Limited. Somarriba, He, and Su directed Deltec Bank to convert victim funds to the stablecoin Tether (USDT) and to transfer the converted funds to a digital asset wallet controlled by individuals in Cambodia. From there, co-conspirators in Cambodia transferred the USDT to the leaders of scam centers throughout the region including in Sihanoukville, Cambodia.

    Somarriba and He founded Axis Digital and opened the Deltec Bank account. Su joined Axis Digital as a director and participated in the digital asset conversions and transfers of victim funds.

    Wong managed a network of money launderers in Los Angeles who registered shell companies, opened U.S. bank accounts, and wired victim funds to international bank accounts. Zhang opened and operated two U.S. bank accounts used to launder victim proceeds.

    Zhang and Wong pleaded guilty to money laundering conspiracy. They each face a maximum penalty of 20 years in prison. Zhang has been in custody since May 2024. He, Somarriba, and Su pleaded guilty to conspiracy to operate an unlicensed money services business. He, Somarriba, and Su each face a maximum penalty of five years in prison. Su has been in custody since November 2024. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Eight co-conspirators have pleaded guilty so far, including Daren Li, a national of China and St. Kitts and Nevis and former resident of Cambodia and the United Arab Emirates who has been in U.S. custody since April 2024, and Lu Zhang, a Chinese national illegally in the United States who managed a network of U.S.-based money launderers, who pleaded guilty to conspiracy to commit money laundering on Nov. 12, 2024 and May 13, 2024, respectively.

    Matthew R. Galeotti, Head of the Justice Department’s Criminal Division, U.S. Attorney Bilal A. Essayli for the Central District of California, and Special Agent in Charge William Mancino of the U.S. Secret Service (USSS) Criminal Investigative Division made the announcement.

    USSS’s Global Investigative Operations Center is investigating the case. The Homeland Security Investigations’ El Camino Real Financial Crimes Task Force, Customs and Border Protection’s National Targeting Center, U.S. Department of State’s Diplomatic Security Service, Dominican National Police, and U.S. Marshals Service provided valuable assistance.

    Trial Attorneys Stefanie Schwartz of the Criminal Division’s Computer Crime and Intellectual Property Section, Tamara Livshiz of the Justice Department’s Criminal Division, and Assistant U.S. Attorneys Maxwell Coll, Nisha Chandran, and Alexander Gorin for the Central District of California are prosecuting these cases.

    If you or someone you know is a victim of a digital asset investment fraud, report it to IC3.gov. 

    MIL Security OSI –

    June 10, 2025

  • MIL-OSI Security: Memphis Man Sentenced to Seventeen Years for Trafficking 17-Year-Old Female to Perform Commercial Sex Acts

    Source: Office of United States Attorneys

    NEW ORLEANS, LA – Acting U.S. Attorney Michael M. Simpson announced that DOMINIQUE PEEPLES (“PEEPLES”), age 28, from Memphis, Tennessee, was sentenced on May 28, 2025, after previously pleading guilty to Sex Trafficking of a Minor, in violation of Title 18, United States Code, Sections 1591(a)(1), 1591(b)(2), 1594(a), and 2.

    According to court documents, PEEPLES brought a seventeen-year-old female (“Minor Victim”) from Memphis, Tennessee to New Orleans, Louisiana; Jackson, Mississippi; and Houston, Texas, and required her to engage in commercial sex acts.  During this time, PEEPLES was aware of Minor Victim’s age.  PEEPLES advertised Minor Victim on websites commonly used to advertise sexual services in exchange for money and kept all or most of the proceeds from her work.   PEEPLES waited in a vehicle and watched Minor Victim while she solicited commercial sex “dates.”  Minor Victim worked under PEEPLES’ supervision between August of 2020 and her escape in mid-January 2021.  After Minor Victim ran away, PEEPLES posted a video on social media in which he boasted about exploiting Minor Victim and pointed firearms at the screen.

    U.S. District Court Judge Sarah S. Vance sentenced PEEPLES to seventeen (17) years in prison.  PEEPLES was also sentenced to ten (10) years of supervised release after release from prison. Judge Vance further ordered PEEPLES to pay $120,000 in restitution to Minor Victim, and a $100 mandatory special assessment fee.  PEEPLES will also have to register as a sex offender.

    This case was part of a broader investigation involving defendants JEREMY TALBERT and MACEO ROBERTS, both of whom have pleaded guilty for related sex trafficking crimes.  In February 2025, U.S. District Court Judge Susie Morgan sentenced ROBERTS to 22.5 years of imprisonment for conspiring to traffic three minors and two adults.  In March 2025, U.S. District Court Judge Lance Africk sentenced TALBERT to 18 years for trafficking a fourteen-year-old minor to New Orleans.

    These cases were brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse launched in May 2006 by the Department of Justice.  Led by United States Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section (CEOS), Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims.  For more information about Project Safe Childhood, please visit www.justice.gov/psc.

    Acting U.S. Attorney Simpson praised the work of the Federal Bureau of Investigation, the New Orleans Police Department, and the Memphis Police Department in investigating this matter.  Assistant United States Attorneys Maria M. Carboni of the Financial Crimes Unit and Jordan Ginsberg, Supervisor of the Public Corruption Unit, are in charge of the prosecution.

    MIL Security OSI –

    June 10, 2025

  • MIL-OSI Security: Mexican commercial fishermen plead guilty to illegal red snapper harvesting

    Source: Office of United States Attorneys

    All now face federal prison time for unlawfully fishing in U.S. waters

    BROWNSVILLE, Texas – Four members of a Mexican fishing crew have admitted they unlawfully transported fish taken from the Gulf of America, announced U.S. Attorney Nicholas J. Ganjei.

    Jose Daniel Santiago-Mendoza, 22, has now pleaded guilty, while Miguel Angel Ramirez-Vidal, 32, Jesus David Luna-Marquez, 20, and Jesus Roberto Morales-Amador, 27, all citizens of Mexico, previously entered their pleas. All have admitted to knowingly transporting approximately 315 kilograms of illegally taken red snapper.

    On April 16, the four-man crew left Playa Bagdad, Mexico, at night in a 25-foot open fishing vessel without running lights. They then traveled into the Exclusive Economic Zone in U.S. waters, ultimately deploying about four miles of longline containing approximately 1,200 hooks. The gear was set approximately 18 miles north of the Maritime Boundary Line with Mexico and about 25 miles east of South Padre Island (SPI).

    When authorities apprehended the crew, they were in possession of approximately 693 pounds of red snapper and four sharks. The men knew the catch would be seized if they were caught in U.S. waters but chose to take the risk due to the limited supply of red snapper in Mexican waters.

    They intended to sell the catch once they returned to Mexico. The snapper they unlawfully took from U.S. waters have an estimated retail value of over $9 thousand.

    Ramirez-Vidal, the captain of the boat, had been arrested on 28 prior occasions for illegal fishing. The others also have similar previous arrests.

    U.S. District Judge Rolando Olvera will impose sentencing for Ramirez-Vidal Aug. 13. Santiago-Mendoza, Luna-Marquez and Morales-Amador pleaded guilty and are also pending sentencing. At their respective hearings, each faces up to five years in federal prison and a possible $250,000 maximum fine.

    They have been and will remain in custody pending sentencing.

    Immigration and Customs Enforcement – Homeland Security Investigations, Coast Guard Investigative Services, Coast Guard Station SPI, Customs and Border Protection Air and Marine Operations, National Oceanic and Atmospheric Administration, Texas Parks and Wildlife and South Padre Island Police Department conducted the joint investigation.

    Assistant U.S. Attorney William Hagen is prosecuting the case.

    The arrest and prosecution of Mexican commercial fisherman marks a change in policy concerning the protection of U.S. marine resources. In past instances, authorities would seize the catch and destroy the vessel but release violators back to Mexico. Any commercial fisherman now apprehended in U.S. waters caught violating the Lacey Act face potential fines and imprisonment.

    MIL Security OSI –

    June 10, 2025

  • MIL-OSI Security: Nigerian citizen sentenced in million-dollar stolen mail credit card fraud scheme

    Source: Office of United States Attorneys

    HOUSTON – A 64-year-old man who illegally resided in Houston has been sentenced for his role in a large-scale mail theft and credit card fraud scheme, announced U.S. Attorney Nicholas J. Ganjei.

    Omokehinde Muyiwa Oyegoke-Tewogbade pleaded guilty Feb. 19.

    U.S. District Judge Andrew S. Hanen has now ordered him to serve 24 months in federal prison and to pay restitution in the amount of $839,555.75. Not a U.S. citizen, he is expected to face removal proceedings following his imprisonment as Oyegoke-Tewogbade had overstayed his visa and was unlawfully present in the United States.

    Over a six-month period between November 2022 and May 2023, Oyegoke-Tewogbade and co-conspirators schemed to steal U.S. mail containing new credit cards and bank statements intended for account holders. They contacted financial institutions to activate the stolen cards, increased credit limits and altered account information. They then used the cards to purchase goods, services, gift cards, cash and merchandise at retail stores.

    In total, they fraudulently activated at least 120 stolen credit cards, causing an estimated $1 million in losses to Chase Bank.

    Four others had also previously pleaded guilty to the same charges – Christopher McGee, 43, Daniel Sanchez, 37, Bradley Kane Zarco, 39, and Travis Castaneda Qawasmeh, 28, all of Houston. Sanchez has already been sentenced to 41 months, while the others are pending their hearings.  

    Oyegoke-Tewogbade will remain in custody pending transfer to a Federal Bureau of Prisons facility to be determined in the near future.

    U.S. Postal Inspection Service conducted the investigation. Assistant U.S. Attorney Karen Lansden prosecuted the case.

    MIL Security OSI –

    June 10, 2025

  • MIL-OSI Security: Former President of Allentown Title Company Pleads Guilty to Defrauding Title Insurance Underwriter, Clients, and U.S. Government

    Source: Office of United States Attorneys

    PHILADELPHIA – United States Attorney David Metcalf announced that Louis Belletieri, 43, of Allentown, Pennsylvania, entered a plea of guilty today before United States District Judge Jeffrey L. Schmehl on two counts of wire fraud, charges arising from his scheme to defraud a title insurance underwriter and clients and his fraudulent application to the Small Business Administration (SBA) to obtain Economic Injury Disaster Loans (“EIDL”).

    In May of this year, the defendant was charged with those offenses by information.

    As detailed in court documents, Belletieri was the president of Allentown-based Security Settlement Services of Pittsburgh d/b/a Legacy Title (“Legacy Title”), which he purported to operate for the purpose of providing title and real estate closing services to clients in connection with real estate transactions.

    In or about November 2013, the defendant, as Legacy Title’s president, entered into a contract with a title insurance underwriter, in which the underwriter appointed Legacy Title as its agent for the purpose of issuing title insurance commitments, policies, endorsements for Pennsylvania properties.

    Legacy Title and Belletieri maintained an escrow account to receive funds in connection with these and other client real estate transactions. The money from customers, mortgage lenders, and others was typically transferred electronically into Legacy Title’s escrow account.

    Belletieri should have maintained the funds in the escrow account for the purpose of conducting real estate transactions and disbursing funds as appropriate and for the purpose for which they were entrusted, such as to pay off mortgages, pay taxes, obtain title insurance, and pay for other expenses in connection with real estate transactions.

    As further detailed in court filings and admitted to by the defendant, he instead used the funds in the escrow account for personal reasons, including, among other things, to place online sports bets.

    During the course of the scheme, Belletieri regularly made and caused to be made electronic transfers of funds to and from the escrow account to, from, and among Legacy Title’s business operating account, his personal bank account, his credit card account, and online sports betting platforms.

    From in or about March 2020 through in or about September 2023, Belletieri made electronic transfers of funds from the escrow account to his personal account totaling approximately $6,434,500, and from the escrow account to the business operating account totaling approximately $2,460,190, many of which were not for legitimate business purposes.

    Belletieri took numerous steps to conceal his fraud upon his clients and the title insurance underwriter, including by submitting a fraudulent application to the SBA on behalf of Legacy Title to defraud the SBA and obtain funds via the EIDL program. In connection with this application, the defendant entered into fraudulent loan agreements with the SBA, falsely agreeing that he would use the proceeds of the loan solely as working capital to alleviate economic injury related to the Covid-19 pandemic.

    When the SBA disbursed the EIDL funding to Legacy Title and Belletieri pursuant to his fraudulent application, Belletieri used significant portions of the proceeds for personal uses, rather than as working capital for Legacy Title. As a result, the defendant caused the SBA to disburse a total of approximately $825,000 due to his fraud.

    Belletieri is scheduled to be sentenced on September 12 and faces a maximum possible sentence of 40 years’ imprisonment.

    The case was investigated by FBI Philadelphia’s Allentown Resident Agency with assistance from the Lehigh County District Attorney’s Office and is being prosecuted by Assistant United States Attorneys John J. Boscia and Rebecca J. Kulik.

    MIL Security OSI –

    June 10, 2025

  • MIL-OSI Security: New Orleans Woman Guilty of Wire Fraud for Fraudulent Vehicle Purchase Scheme

    Source: Office of United States Attorneys

    NEW ORLEANS, LOUISIANA – Acting United States Attorney Michael M. Simpson announced that KENDRA WALKER (“WALKER”), age 41, a resident of New Orleans, pled guilty on June 5, 2025 before United States District Judge Barry W. Ashe on June 5, 2025, to conspiracy to commit wire fraud, in violation of Title 18, United States Code, Section 1349. 

    According to court documents, in 2022, WALKER conspired with her father, Kenneth Richmond, to use fake and stolen personal identifying information to make fraudulent vehicle purchases from a local car dealership.  The vehicle purchases were financed through a financial institution, and several of the loans went into default.  WALKER also made three vehicle purchases in her own name using a fake Social Security Number in Georgia.  In total, WALKER caused the financial institution to approve approximately $216,939 in loans for fraudulent applications.  Richmond was also charged in this case and pled guilty for his role in this scheme in May 2025.

    In pleading guilty, WALKER faces up to twenty (20) years in prison and up to three (3) years of supervised release.  WALKER also faces a fine of up to $250,000, and payment of a mandatory special assessment fee of $100.

    Judge Ashe set sentencing in this matter for September 25, 2025.

    Acting U.S. Attorney Simpson praised the work of the United States Secret Service, St. John the Baptist Parish Sheriff’s Office, and the Louisiana Department of Public Safety.  The prosecution of this case is being handled by Assistant United States Attorney Maria M. Carboni of the Financial Crimes Unit.

    MIL Security OSI –

    June 10, 2025

  • MIL-OSI Security: Former state worker pleads guilty in scheme to steal nearly $900,000 in state tax dollars

    Source: Office of United States Attorneys

    Defendant abused role as credit card custodian to embezzle money he then failed to report on his income taxes

    Tacoma – A 48-year-old Olympia resident pleaded guilty today in U.S. District Court in Tacoma to wire fraud in connection with his scheme to steal nearly $900,000 from his former employer – the State of Washington – announced Acting U.S. Attorney Teal Luthy Miller. Matthew Randall Ping pleaded guilty to wire fraud and making and subscribing a false tax return. Ping is scheduled for sentencing by U.S. District Judge Tiffany M. Cartwright on September 9, 2025.

    According to the charging information and the plea agreement, Ping began working for the Washington State Office of Administrative Hearings (OAH) in 2009. By 2017 he had been promoted to the role of Management Analyst and served as the department’s credit card custodian. Between 2019 and 2023, Ping used a sophisticated scheme to abuse his credit card access so he could embezzle at least $878,115 from the state agency.

    The plea agreement and charging information detail how Ping hid the fraud from his employer. Ping opened accounts with payment processors and gave the accounts display names that indicated the accounts were associated with legitimate OAH business vendors. Between 2019 and 2021, Ping secretly charged more than $330,000 to OAH credit cards as purported payments to these vendors. In fact, the money went to accounts Ping controlled. In 2021, Ping set up an account via a different payment processor and continued the fraud, stealing approximately $530,000 in additional funds from OAH. Ping also used OAH credit cards to buy $17,359 in personal items from Verizon and Walmart.

    Ping also circumvented state procedures designed to detect credit card fraud. For example, OAH required that Ping’s co-workers review and approve Ping’s credit card transactions, but Ping would provide false or incomplete lists of transactions during that review process. After the review, Ping would add in his fraudulent charges and upload and approve payment himself without the required oversight on his fraudulent transactions. He also took steps to manipulate the accounting data to make it more difficult to determine that he had violated protocol by uploading, reviewing, and approving his own transactions

    In all Ping secretly executed 210 transactions with the phony vendors he created for a total loss to the state of $860,756. The improper charges on his state issued credit card total $17,359, bringing the total loss to the State of Washington to $878,115.

    The embezzlement was first discovered by the Washington State Auditor’s Office. Ping resigned his position in 2023 when the theft was discovered.

    Even as he was embezzling, Ping failed to report the stolen funds on his income tax returns.  For tax years 2020-2023, the resulting tax loss totals $240,247. Ping has agreed to pay full restitution to the state and to the IRS for his tax obligation.

    The FBI and the Internal Revenue Service Criminal Investigation (IRS-CI) worked with the Auditors Office on the criminal investigation.

    The case is being Prosecuted by Assistant United States Attorney Dane A. Westermeyer.

    MIL Security OSI –

    June 10, 2025

  • MIL-OSI Australia: Grassroots solutions key to boosting health support for Aussie bush kids

    Source:

    10 June 2025

    Children in rural Australia are missing out on critical early health supports, with limited access to allied health services putting them at greater risk of lifelong developmental challenges.

    Now, new research from the University of South Australia shows that local communities hold the key to improving health outcomes for Aussie bush kids.

    In the first study to bring together global literature, researchers assessed what helps or hinders health care in rural areas, finding that place-based strategies – those designed around the unique needs and strengths of each community – are better positioned to support rural children and their families.

    Place-based health strategies are developed in partnership with community stakeholders and delivered outside traditional clinical settings – often in schools or homes – with teachers and parents playing an active role.

    In Australia, about 7 million people – or  28% of the Australian population – live in rural and remote areas.

    UniSA researcher and PhD candidate, Georgia Gosse, says governments must work with rural communities, including children, to ensure that country kids get the heath care they need.

    “All children have the right to quality healthcare. But those who live outside of metropolitan centres are distinctly and unfairly disadvantaged,” Gosse says.

    “Children in rural or remote areas are four times more likely to be developmentally vulnerable than metropolitan children and less likely to access the health services they need.

    “Without access to timely and appropriate allied health services – like physio, occupational therapy or speech therapy – children with developmental delays can struggle to meet full potential.

    “Allied health services are vital to putting children on the road to healthy development; but accessing one of these professionals in the bush is like herding cats. Our research is trying to change this.”

    Gosse says that new rural health services are often driven by a lack of access to existing services – whether due to long waiting lists, geographical isolation, or a shortage of allied health professionals in rural areas.

    “Our study found that strategies co-designed and delivered with local communities are especially effective for rural families. They take place in familiar settings – such as homes or schools – and work closely with communities to respect local needs and cultural sensitivities,” Gosse says.

    “But these strategies also face challenges: parents or carers may not have the time or knowledge to support therapy at home, and teachers are often stretched with limited resources at school.

    “It’s a complex issue, and while there’s no quick fix, the evidence strongly supports working alongside local communities – including children as the end users – to shape and deliver effective solutions.”

    Amid renewed calls for a National Rural Health Strategy, the findings provide valuable insights to guide much needed dollars into community-led, rural health initiatives.

    Senior researcher, UniSA’s Professor Saravana Kumar says, children’s needs must be at the heart of any new initiatives.

    “To improve health outcomes for rural communities, we must deliver child-centred, place-based care that’s co-designed with local communities,” Prof Kumar says.

    “We need to leverage the strengths of the local community, respect lived realities, and ensure that health services are built for the people who use them.

    “Importantly, children’s voices must underpin the design and implementation of any models of care.

    “This is about designing care that works with communities, not just for them. Because when we get it right for our bush kids, we’re getting it right for the future.”

    The research has also been synthesised into an interactive evidence-informed decision-making tool to help clinicians quickly identify and understand the key drivers, enablers, and barriers to different models of care in rural areas.

    To access this free tool, click here: https://unplex.com.au/evidence-informed-decision-making-tool/

    …………………………………………………………………………………………………………………………

    Contact for interview:  George Gosse E: Georgia.Gosse@unisa.edu.au
    Media contact: Annabel Mansfield M: +61 479 182 489 E: Annabel.Mansfield@unisa.edu.au

    Other articles you may be interested in

    MIL OSI News –

    June 10, 2025

  • MIL-OSI USA: Malliotakis Announces $5.75 Million for St. George Ferry Terminal Upgrades

    Source: United States House of Representatives – Congresswoman Nicole Malliotakis (NY-11)

    (NEW YORK, NY) – Congresswoman Nicole Malliotakis (NY-11) announced $5,750,000 million in federal funding she helped secure through the Federal Transit Administration’s Passenger Ferry Grant Program to support critical upgrades at Staten Island’s St. George Ferry Terminal.

     

    The Staten Island Ferry at the St. George Terminal is a vital component of New York City’s transit system, carrying approximately 70,000 passengers daily and millions annually between Staten Island and Manhattan. As ridership continues to grow, it serves as a critical transportation lifeline, connecting residents to essential services, economic opportunities, and commerce.

     

    Specifically, the funding will support two key infrastructure projects led by the New York City Department of Transportation:

     

    The first project will replace the deteriorating bus ramp passageways, which have suffered from years of water intrusion, heavy use, and an outdated design that no longer meets current operational standards. The new structures will offer enhanced weather protection, improved safety, and greater accessibility for ferry passengers. These upgrades will ensure a safer, more comfortable, and seamless intermodal transit experience for those transferring between the ferry, buses, and Staten Island Railway.

     

    The second project involves replacing the terminal’s existing chillers with more energy-efficient models. These chillers remove heat from water, which is then circulated through a heat exchanger to cool the building. The upgraded systems will improve environmental control by maintaining optimal temperatures in maintenance areas, enhancing working conditions, increasing the safety and quality of maintenance activities, and extending the lifespan of temperature-sensitive materials.

    “Securing this critical investment is a major win for our community and will help improve the daily lives of my constituents,” said Congresswoman Malliotakis. “The Staten Island Ferry is an essential transportation link, connecting nearly half a million Staten Islanders to jobs, services, and opportunities across the city. This funding will support long-overdue upgrades that enhance safety and improve the overall passenger experience.”

     

    Malliotakis’ advocacy for the project dates back to 2024.

     

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI USA: State Director & Chair Positions Confirmed

    Source: US State of New York

    overnor Kathy Hochul today announced the confirmation of director and chair positions in New York State government. Joshua Norkin today was confirmed by the New York State Senate to serve as Director of the Authorities Budget Office. Additionally, Jessica García was confirmed by the New York State Senate today to serve as Chair of the Cannabis Control Board.

    “New Yorkers deserve the best and the brightest individuals serving them, working to make New York safer, more affordable and more liveable — these two individuals will do just that,” Governor Hochul said. “My administration remains laser focused on ensuring experienced individuals are serving at every level of government, delivering for families statewide.”

    About Director Joshua Norkin

    Joshua Norkin was confirmed by the New York State Senate on June 9 to serve as Director of the Authorities Budget Office. Joshua Norkin previously served as Assistant Counsel to the Governor before being promoted to Deputy Counsel to the Governor in 2022, and Senior Advisor to the Governor in 2024. As Deputy Counsel to the Governor, Joshua oversaw the introduction, negotiation, and disposition of all legislation on behalf of the Executive Chamber.

    Mr. Norkin has practiced law in both the nonprofit and private sectors since 2008. Joshua Norkin earned his Juris Doctorate from the University of Denver Sturm College of Law.

    About Chair Jessica García

    Jessica García was confirmed by the New York State Senate on June 9 to serve as Chair of the Cannabis Control Board. Jessica García has served as a board member on the Cannabis Control Board since 2021.

    Jessica García is Assistant to the President of the Retail, Wholesale and Department Store Union (RWDSU), a national labor union representing workers along the food supply chain, as well as workers in non-food retail and healthcare. She previously served as Deputy Political Director for the RWDSU, where she worked to advance the union’s legislative and political agendas. Additionally, Jessica García currently serves as President of the Board of Directors of the New York Committee for Occupational Safety and Health and a member of the Safe Passage Project. In 2021, she was appointed by the U.S. Secretary of Labor to serve on the National Advisory Committee on Occupational Safety and Health (NACOSH). Jessica García earned her Bachelor of Arts degree in Anthropology from Harvard University and Master of Social Work from the Hunter College School of Social Work.

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI USA: Capito Joins Colleagues in Introducing Energy Choice Act of 2025

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito

    WASHINGTON, D.C. – Recently, U.S. Senator Shelley Moore Capito (R-W.Va.), chairman of the Senate Environment and Public Works (EPW) Committee, helped introduce the Energy Choice Act of 2025, legislation led by U.S. Senator Jim Justice (R-W.Va.).

    “America needs more energy, and our state and local governments shouldn’t discriminate against baseload energy generation that increases security, affordability, and creates good paying across the country, simply because it doesn’t align with their political agendas. I’m proud to join my colleagues in introducing this legislation to prohibit restrictions on reliable energy that American families need,” Senator Capito said.

    “I am an energy guy from an energy-rich state. I know how important freedom of energy production is – which is why I’m proud to introduce Energy Choice Act of 2025. President Trump has stated the need to unleash American energy, and this bill helps facilitate just that. We have too great an energy crisis in this country, and we don’t have the luxury of picking the winners and losers when it comes to energy production. Americans ought to have the right to choose what is best for their energy needs,” Senator Justice said.

    BACKGROUND:

    • West Virginia has a storied history of energy production.
    • The Energy Choice Act would prohibit states and local governments from restricting or limiting the connection, reconnection, modification, installation, transportation, distribution, or expansion of a source of energy that is sold in interstate commerce to be delivered to an end-user of such services.
    • Representative Nick Langworthy (R-N.Y.-23) leads the House version of this bill, along with 37 cosponsors.

    Read more about the bill in Fox News.

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI USA: Capito Joins Bipartisan Bill to Improve Access to Eating Disorder Care for Seniors and People with Disabilities

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito

    WASHINGTON, D.C. – U.S. Senator Shelley Moore Capito (R-W.Va.) joined Senators Maggie Hassan (D-N.H.), Lisa Murkowski (R-Alaska), and Amy Klobuchar (D-Minn.) in reintroducing the bipartisan Nutrition CARE Act. The legislation aims to improve access to care for seniors and people with disabilities who are living with eating disorders. 

    Specifically, the Nutrition CARE Act would expand access to medical care for Medicare beneficiaries with eating disorders by including coverage of outpatient medical nutrition therapy through Medicare Part B, which will provide patients with a more comprehensive, specialized approach to combating eating disorders than what is currently offered under Medicare. 

    “Eating disorders can affect anyone. They can also be particularly life-threatening for elderly Americans and those living with disabilities. The Nutrition CARE Act will expand access to medical nutrition therapy services for Medicare beneficiaries with eating disorders, helping them get the care they need to begin the path to recovery and live healthy lives,” Senator Capito said.

    The bipartisan Nutrition CARE Act would allow physicians, registered dieticians, nutrition specialists, and mental health professionals to provide medical nutrition therapy services to Medicare beneficiaries. Currently, Medicare beneficiaries who have an eating disorder can access psychiatric, therapy, and medical services. The expanded services would include 13 hours of medical nutrition therapy – including a one-hour initial assessment and 12 hours of reassessment and intervention – during the first year that the beneficiary begins receiving services. The beneficiary would then be able to access four hours of medical nutrition therapy services during each subsequent year.

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI United Kingdom: UK to become world leader in drug discovery as Technology Secretary heads for London Tech Week

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK to become world leader in drug discovery as Technology Secretary heads for London Tech Week

    New project to make the UK a leader in AI-drug discovery, as Imperial College also partners with the World Economic Forum on AI-Driven Innovation Centre.

    • New OpenBind consortium to make the UK a leader in AI-driven drug discovery – slashing the cost of drug discovery and development by as much as £100 billion. 
    • Imperial College London to partner with World Economic Forum to deliver new AI-Driven Innovation Centre – boosting AI adoption and innovation to grow the economy
    • Peter Kyle to set out plans at London Tech Week for technology to go further and faster in unlocking the growth driving the government’s Plan for Change

    People around the world are set to benefit from new breakthroughs in AI-driven drug discovery to tackle previously untreatable diseases and transforming patient outcomes using British AI and research expertise.  

    Announced today, the UK’s ‘OpenBind’ consortium will use breakthrough experimental technology to generate the world’s largest collection of data on how drugs interact with proteins, the building blocks of the body. This will be twenty times greater than anything collected over the last fifty years – cementing the UK’s position as a global hub for AI-driven drug discovery. 

    This will support the training of new AI models that can identify promising new drugs, giving researchers an unparalleled ability to open up new fronts in the fight against disease- slashing development costs by up to £100 billion and sparking the innovation and economic growth which underpins the government’s Plan for Change. 

    Based at Diamond Light Source – the UK’s national synchrotron facility at the Harwell Science Campus in Oxfordshire – the consortium will close critical data gaps, driving breakthroughs in healthcare which will unlock new avenues for drugs that can treat and beat diseases, as well as helping scientists harness the transformative potential of engineering biology to face down a range of other issues, such as designing new enzymes to tackle plastic waste. 

    The consortium, backed with up to £8 million of investment from DSIT’s newly established Sovereign AI Unit, will be led by some of the world’s leading scientific minds including Professor Charlotte Deane at the University of Oxford, Professor Frank von Delft at Diamond Light Source and the University of Oxford, and David Baker, Chemistry Nobel Prize winner and head of the Institute for Protein Design at Washington University. 

    The Secretary of State for Science, Innovation, and Technology, Peter Kyle said: 

    London Tech Week is where we lay down a marker – not just as a government with technology at the heart of our agenda, but as a country that will harness its opportunities for the global good.

    OpenBind is a prime example of how we’re doing exactly that. Through home-grown AI expertise, we will be the driving force that doesn’t just treat, but beats disease – benefitting every person in the world.

    This week, we’ll have plenty more to say on how we’re using technology to drive growth, improve public services, and transform communities all over the country – delivering a Plan for Change grounded in action, not words.

    This investment will also help to unlock unique strategic capabilities for UK AI and biosciences, securing the nation’s critical influence over a sector fundamental to growth, health, and wellbeing. 

    Investors from industry and philanthropy will be convened shortly to have the opportunity to co-invest and take the project to a point of maximum ambition. These discussion will include a roundtable at 10 Downing Street including Isomorphic Labs, Astex Pharmaceuticals, Apheris, Chai Discovery, Genentech, Genesis Therapeutics, Odyssey Therapeutix, Pfizer Inc, and Renaissance Philanthropy.

    Professor Gianluigi Botton, CEO, Diamond Light Source, said:

    At Diamond Light Source, a Joint Venture between the UK government through STFC and the Wellcome Trust, we are proud to be at the forefront of the UK’s ambition to lead the world in AI-driven drug discovery.

    OpenBind represents an exciting step forward in harnessing our unique capabilities to generate the high-quality data that AI needs to revolutionise healthcare, helping to cement the UK’s position as a global hub for bioscience innovation.

    Sir Demis Hassabis, CEO, Isomorphic Labs, said:

    High-quality biochemical data supports superior AI models, which in turn helps us design new drug candidates faster.

    We’re delighted to partner with the OpenBind Consortium and the UK government to cultivate this vital resource. This is a brilliant initiative for UK science, and we’re proud to support it from its inception.

    Artificial Intelligence has become one of the key drivers of the government’s Plan for Change, with its adoption across the economy sparking economic growth and creating jobs. Earlier this year the Prime Minister launched the AI Opportunities Action Plan – taking forward 50 recommendations which will mainline the technology into all sectors of the economy.   

    To accelerate AI’s rollout even further, Imperial College London has today announced it will partner with the World Economic Forum to deliver a Centre for AI Driven Innovation based in the UK. This dedicated centre will cement the UK’s global position as a leader in the technology, driving innovation by unlocking AI’s potential to transform economies across various sectors. The Centre will join the World Economic Forum’s Centre for the Fourth Industrial Revolution (C4IR) Network – a global network of 21 independent centres which bring together public and private sectors to maximise technological benefits while minimising risks. 

    The UK government will work with both organisations to co-design the Centre’s activities in alignment with the government’s ambitions to harness AI to deliver a new era of growth and opportunity. 

    Hugh Brady, President, Imperial College London said:  

    This is a pivotal moment for UK innovation where the power and creativity of our science and technology can drive economic growth. This new Centre for AI Driven Innovation will unlock AI’s potential to transform existing industries.

    Anchored in the World Economic Forum global network of Centres for the Fourth Industrial Revolution, the new Centre hosted by Imperial creates a powerful multi-stakeholder platform from research through to scalable real-world innovation and adoption.

    Børge Brende, President and CEO of World Economic Forum said: 

    We are excited to collaborate with Imperial College London and the Department for Science, Innovation and Technology to launch the Centre for AI Driven Innovation, the first UK-based centre in the World Economic Forum’s global Network of Centres for the Fourth Industrial Revolution.

    This milestone comes at a pivotal moment, as AI emerges as a powerful catalyst for prosperity and accelerated transformation across all sectors of the economy. The Centre will play a key role in helping the UK shape the global AI innovation agenda, providing a unique platform for collaboration with one of the world’s largest multistakeholder communities of AI experts.

    The announcements come as the Technology Secretary prepares to deliver his keynote address to London Tech Week later today, where his speech will set out the range of actions the government is taking to harness technology to boost growth, improve public services, and unlock new opportunities for communities across the UK.

    Further commentary welcoming today’s announcements:

    Professor Charlotte Deane of the University of Oxford said:

    OpenBind realises a major gear-shift for AI in drug discovery by investing in the data that powers it. 

    This funding will mean we can begin generating a catalogue that not only dwarfs in quantity everything messily accumulated over half a century, but transcends it in quality and is geared towards powering the AI algorithms.

    Professor Frank von Delft of Diamond Light Source and the University of Oxford said:

    OpenBind is unique double opportunity:  whereas to date we experimental scientists have generated data as a byproduct of answering our scientific questions, now we combine forces with AI scientists and produce the data their AIs actually need.  And to do so, we will align several very different types of experiments, harnessing recent dramatic advances, including those we’ve achieved at Diamond. 

    As this accelerates drug design, we will gain currently unthinkable ways to dissect how diseases work and what to do about them.

    Robin Roehm, CEO and co-founder of Apheris said:

    The utility of AI models in predicting protein-small molecule structure and affinity pairs hinges on the quality and scale of training data.

    The life sciences sector urgently needs more comprehensive data, and collaborative networks like the AI Structural Biology Consortium where multiple Pharmas jointly collaborate are an example of this. OpenBind has the potential to transform small molecule drug discovery by developing datasets that are orders of magnitude larger than what is currently available.

    Karmen Čondić-Jurkić, Executive Director and Co-Founder, Open Molecular Software Foundation (OMSF) said:

    OMSF is excited to participate in OpenBind and contribute to building open datasets and infrastructure that will power the next generation of ML/AI models for drug discovery. Expanding high-quality public datasets is essential for advancing molecular science, both for training and validating new computational approaches.

    We believe this collaboration is an opportunity to bring experimental and computational researchers closer together, accelerating innovation across the field.

    Mohammed AlQuraishi, Founder, OpenFold; Professor, Departments of Systems Biology and Computer Science, Columbia University, said:

    The task of predicting structures of molecules bound to proteins is challenged by a severe paucity of data, crucial for training data-hungry machine learning models such as OpenFold3.

    The OpenBind project is poised to transform this dynamic, first by providing significant amounts of new and diverse structural data to fuel machine learning, and second by working synergistically with OpenFold to focus data acquisition on molecules and proteins with the greatest potential for improving the accuracy of predictive models.

    David Rees PhD FMedSci, FRSC, Chief Scientific Officer, Astex Pharmaceuticals, Cambridge, UK.

    As a pioneer in fragment-based drug discovery, Astex is excited to be involved in this new initiative to build a unique database that will help the UK to remain at the forefront of developments in this field.

    Training AI models with experimentally determined protein-ligand crystal structure data can significantly accelerate the drug discovery process and deliver new medicines more efficiently.

    Dr Ed Griffen, Technical Director at MedChemica said:

    At MedChemica we apply chemistry machine learning at scale and speed to design and analyse large data sets to give exploitable knowledge.  

    One of the critical areas of weakness in drug discovery is relating how protein-drug structures are related to how strongly a possible drug binds to that protein structure. The goal of OpenBind is to gather and analyse enough of the right data so that machine learning can make useful predictions. With better predictions we can run drug hunting projects faster and cheaper, bringing new therapies to the clinic more quickly.

    OpenBind is a keystone in the bridge from basic science to new ways of treating the diseases and conditions that afflict patients world wide. OpenBind’s scale is globally strategic and leading beyond what is being done anywhere else. MedChemica is delighted and proud to be able to contribute to this endeavour.

    Joshua Meier, Co-founder and CEO, Chai Discovery, said:

    The UK’s OpenBind initiative provides the rich, open data frontier our AI models need to design better medicines faster, and we’re excited to contribute our open state-of-the-art structure prediction technology to this national effort.

    Notes to editors

    OpenBind will create the largest open dataset of experimentally validated drug–protein interactions in history. By addressing a long-standing gap in pharmaceutical R&D: the lack of high-quality, large-scale datasets linking small molecules to the proteins they bind. These datasets are essential for training high quality AI models for early-stage drug design.  

    OpenBind will deploy automated chemistry and high-throughput X-ray crystallography to eventually generate more than 500,000 protein – ligand complex structures and affinity measurements over 5 years. This would represent a 20-fold increase over all public data produced in the last half-century – filling a critical gap in the data ecosystem that has slowed the development and evaluation of modern generative models.  

    OpenBind provides a foundational dataset that will underpin progress across multiple areas of technology – including structure prediction, generative molecular design, docking, and active learning workflows. It is designed to work in synergy with other emerging approaches to help reduce trial-and-error experimentation, inform candidate selection, and support more systematic exploration of chemical space.  

    OpenBind’s senior consortium principal investigators are: 

    • Professor Frank von Delft (Diamond Light Source and University of Oxford) 
    • Professor Charlotte Deane (University of Oxford) 
    • Dr John Chodera (Memorial Sloan Kettering Cancer Centre) 
    • Dr Mark Murcko (MIT and Disruptive Biomedical LLC)
    • Professor Mohammed AlQuraishi (Columbia University)  
    • Professor David Baker (University of Washington) 
    • Dr Ed Griffen (MedChemica Limited) 
    • Professor Paul Brennan (University of Oxford) 
    • Professor Sir David Stuart (Diamond Light Source)
    • Dr Martin Walsh (Diamond Light Source)

    About Diamond Light Source

    Diamond Light Source provides industrial and academic user communities with access to state-of-the-art analytical tools to enable world-changing science. Shaped like a huge ring, it accelerates electrons to near light speeds, producing a light 10 billion times brighter than the sun, which is then directed off into 35 laboratories known as beamlines. In addition to these, Diamond offers access to several integrated laboratories including the world-class Electron Bio-imaging Centre (eBIC) and the Electron Physical Science Imaging Centre (ePSIC).     

    Diamond serves as an agent of change, addressing 21st century challenges such as disease, clean energy, food security and more. Since operations started, more than 16,000 researchers from both academia and industry have used Diamond to conduct experiments, with the support of approximately 800 world-class staff. More than 14,000 scientific articles have been published by our users and scientists.     

    Funded by the UK government through the Science and Technology Facilities Council (STFC), and by the Wellcome Trust, Diamond is one of the most advanced scientific facilities in the world, and its pioneering capabilities are helping to keep the UK at the forefront of scientific research.     

    Diamond was set-up as an independent not for profit company through a joint venture, between the UKRI’s Science and Technology Facilities Council and one of the world’s largest biomedical charities, the Wellcome Trust – each respectively owning 86% and 14% of the shareholding.     

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 3000

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    Updates to this page

    Published 9 June 2025

    MIL OSI United Kingdom –

    June 10, 2025

  • MIL-OSI: Dune Acquisition Corporation II Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing June 12, 2025

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, June 09, 2025 (GLOBE NEWSWIRE) — Dune Acquisition Corporation II (Nasdaq: IPODU) (the “Company”) today announced that, commencing June 12, 2025, holders of the units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A ordinary shares and warrants included in the units.

    No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on The Nasdaq Stock Market under the symbols “IPOD” and “IPODW,” respectively. Those units not separated will continue to trade on The Nasdaq Stock Market under the symbol “IPODU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and warrants.

    Dune Acquisition Corporation II was founded by its Chief Executive Officer, Carter Glatt. The Company is a blank check company whose business purpose is to effect a merger, amalgamation, share capital exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or geographic region, the Company intends to focus its search for an initial business combination on companies within the software as a service, artificial intelligence, medtech or asset management and consultancy sectors.

    Clear Street acted as sole book-runner of the offering.

    The offering was made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from Clear Street, Attn: Syndicate Department, 150 Greenwich Street, 45th Floor, New York, NY 10007, by email at ecm@clearstreet.io, or from the SEC website at www.sec.gov.

    A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 6, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    Cautionary Note Concerning Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the search for an initial business combination. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Contact

    Carter Glatt
    Chief Executive Officer
    Dune Acquisition Corporation II
    ir@duneacq.com
    (917) 742-1904

    The MIL Network –

    June 10, 2025

  • MIL-OSI: iDox.ai Launches Redaction Engine That Learns You: Personalized AI Now Available

    Source: GlobeNewswire (MIL-OSI)

    Fremont, California, June 09, 2025 (GLOBE NEWSWIRE) — iDox.ai has launched a significant enhancement to its document redaction tool platform, iDox.ai Redact, with the introduction of Personalized AI, a suite of features that allows redaction tools to intelligently adjust based on document type, redaction history, and user behavior.

    iDox.ai Logo

    The Personalized AI update addresses the growing demand for smarter and more adaptable document processing in industries handling sensitive information, including legal, healthcare, finance, and law enforcement. Rather than relying on static rules, iDox.ai Redact now learns over time, providing users with redaction tools that become increasingly accurate and tailored to their workflows.

    Key components of the release include:

    • Document Type Recognition: The AI automatically identifies document categories—such as contracts, medical records, or police reports—and adjusts its logic to match relevant redaction standards. This includes context-aware entity detection, like patient identifiers in medical files or license numbers in law enforcement records.
    • Adaptive Entity Recognition: The system identifies and redacts sensitive content based on prior user actions, learning from ongoing redaction behavior to improve future performance.
    • Regulation-Aware Data Profiles: Now supports a broad range of sensitive information types—including PII, PHI, racial covenants, and key business and financial data—with built-in awareness of compliance standards like HIPAA, GDPR, and FOIA.
    • Manual Edits and Overrides: Users retain full control with the ability to fine-tune or override AI suggestions through a real-time editing interface.
    • Whitelisting Functionality: Organizations can preserve specific terms or phrases from redaction, such as job titles or internal codes, improving accuracy and consistency.
    • User and Team Learning: The system evolves with each user and team’s redaction patterns, allowing it to provide more precise, context-appropriate suggestions as it accumulates insights.

    “Our mission with Personalized AI is to deliver smarter, more human-aware redaction,” said Jeremy Wei, Founder of iDox.ai. “It’s about context, control, and continuously improving performance tailored to each organization’s needs.”

    The Personalized AI capabilities are now available to all current users of iDox.ai Redact. This release strengthens iDox.ai’s position at the forefront of AI-driven redaction by uniting adaptive personalization with deep regulatory awareness, enabling organizations to safeguard sensitive data while keeping pace with changing compliance requirements.

    About iDox.ai

    Designed for compliance-intensive environments, iDox.ai leverages artificial intelligence to automate and optimize document workflows across industries, with a primary focus on protecting sensitive data through features like PDF redaction, data security, and extraction.

    The MIL Network –

    June 10, 2025

  • MIL-OSI: CEA Industries Enters Canadian Vape Market with Completion of Fat Panda Acquisition

    Source: GlobeNewswire (MIL-OSI)

    Closes Acquisition of Leading Vape Operator with 33 Locations and Over 50% Market Share in Central Canada

    Adds High-Margin, CAD $38.5 Million Revenue Platform to Accelerate Growth and Drive Shareholder Value

    Conference Call Scheduled for June 11, 2025 at 4:30pm ET to Review the Supporting Investor Presentation on the CEA Industries Website

    Louisville, Colorado, June 09, 2025 (GLOBE NEWSWIRE) — CEA Industries Inc. (NASDAQ: CEAD, CEADW) (“CEA Industries” or the “Company”), today announced the completion of its acquisition of Fat Panda Ltd. (“Fat Panda”), Central Canada’s largest independent vape retailer and vertically integrated manufacturer. The acquisition accelerates CEA’s strategic diversification while establishing a scalable platform in one of the fastest-growing sectors of the regulated nicotine market.

    Founded in 2013, Fat Panda operates 33 high-traffic retail locations across Manitoba, Ontario, and Saskatchewan, supported by a national e-commerce platform. The company’s vertically integrated model includes ISO-certified manufacturing facilities for its e-liquid production and direct supplier relationships, enabling product consistency, streamlined sourcing, and improved cost structure. With over 50% regional market share and a loyal customer base, Fat Panda generated approximately CAD $38.5 million (USD $28.5 million) in revenue with 39% gross margins and CAD $8.0 million (USD $5.9 million) (before ownership distributions) in adjusted EBITDA in the fiscal year ended April 30, 2024, based on preliminary unaudited results.

    “This acquisition marks a significant milestone for CEA as we expand into a dynamic, high-growth regulated vertical benefiting from strong consumer demand,” said Tony McDonald, Chairman and CEO of CEA Industries. “Fat Panda brings an established brand, experienced leadership, and a highly profitable operating model that can be rapidly scaled with our capital and strategic support. Importantly, this acquisition exemplifies our commitment to identifying accretive opportunities that can unlock meaningful long-term value for our shareholders.”

    “Joining CEA Industries provides the financial strength and operational support to accelerate our vision,” said Jordan Vedoya, Co-Founder and President of Fat Panda. “We are excited to deepen our footprint, elevate our e-commerce presence, and continue delivering value through Fat Panda’s customer-centric approach across Canada’s regulated vape industry.”

    Fat Panda will operate under its existing brand led by the current management team to ensure a seamless transition with uninterrupted operations. Mr. Vedoya will also lead integration efforts and spearhead expansion across both retail and digital channels.

    Strategic Benefits of the Transaction

    • Leads Central Canada’s Regulated Vape Market – Fat Panda operates 33 corporate-owned stores across three provinces with over 50% regional market share, establishing immediate category leadership.
    • Expands Scalable Omnichannel Platform – Combines a national e-commerce footprint with high-traffic retail locations, driving over CAD $2 million in annual online sales.
    • Drives Margin Accretion Through Vertical Integration – In-house manufacturing and direct supplier relationships support 39% gross margins and CAD $8.0 million in adjusted EBITDA in fiscal year 2024.
    • Establishes Durable Competitive Moat – Proprietary product formulations, a robust trademark portfolio, and regulatory alignment under the Tobacco and Vaping Products Act (TVPA) differentiate Fat Panda in the dynamic regulatory landscape.
    • Enables Platform Growth Through Expansion and M&A – With CEA Industries capital and strategic support, Fat Panda is positioned to open new locations, acquire complementary retailers, and scale profitably across Canada.

    Transaction Terms

    The CAD $18.0 million (USD $12.6 million) purchase price comprises approximately CAD $12.1 million in cash, 39,000 shares of CEAD common stock with an agreed value of CAD $700,000, and seller notes totaling CAD $2.56 million. A portion of the purchase price was funded by a short-term loan from a United States based lender in the amount of USD $4.0 million, which is due in six months. In addition, CAD $2.6 million has been placed in escrow to support post-closing adjustments, indemnity obligations, and employee-related matters.

    Conference Call and Investor Presentation

    CEA Industries will host a conference call to discuss the acquisition and strategic implications for the Company on Wednesday, June 11, 2025 at 4:30pm ET. A live webcast and accompanying investor presentation will be available on the Investor Relations section of the Company’s website at www.ceaindustries.com.

    To access the call, please use the following information:

    A replay of the webcast will be available shortly after the event and archived online.

    About CEA Industries Inc.

    CEA Industries Inc. (NASDAQ: CEAD) is a growth-oriented company focused on building category-leading businesses in regulated consumer markets. With a focus on the high-growth, Canadian nicotine vape industry, one of the fastest-expanding segments of the global nicotine market, CEA Industries targets scalable operators with strong regulatory alignment, defensible market share, and high-margin business models. The Company provides capital, operational expertise, and strategic resources to accelerate retail expansion, strengthen e-commerce infrastructure, and drive long-term value creation in performance-driven sectors. For more information, visit www.ceaindustries.com.

    Forward Looking Statements

    This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect our current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release, including the factors set forth in “Risk Factors” set forth in our annual and quarterly reports filed with the Securities and Exchange Commission (“SEC”), and subsequent filings with the SEC. Please refer to our SEC filings for a more detailed discussion of the risks and uncertainties associated with our business, including but not limited to the risks and uncertainties associated with our business prospects and the prospects of our existing and prospective customers; the inherent uncertainty of product development; regulatory, legislative and judicial developments, especially those related to changes in, and the enforcement of, cannabis laws; increasing competitive pressures in our industry; and relationships with our customers and suppliers. Except as required by the federal securities laws, we undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise. The reference to CEA’s website has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.

    Non-GAAP Financial Measures

    To supplement our financial results on U.S. generally accepted accounting principles (“GAAP”) basis, we use non-GAAP measures including net bookings and backlog, as well as other significant non-cash expenses such as stock-based compensation and depreciation expenses. We believe these non-GAAP measures are helpful in understanding our past performance and are intended to aid in evaluating our potential future results. The presentation of these non-GAAP measures should be considered in addition to our GAAP results and are not intended to be considered in isolation or as a substitute for financial information prepared or presented in accordance with GAAP. We believe these non-GAAP financial measures reflect an additional way to view aspects of our operations that, when viewed with our GAAP results, provide a more complete understanding of factors and trends affecting our business.

    Investor Contact:

    Sean Mansouri, CFA or Aaron D’Souza
    Elevate IR
    info@ceaindustries.com
    (720) 330-2829

    The MIL Network –

    June 10, 2025

  • MIL-OSI: ETC Announces Fiscal 2025 Full Year and Fourth Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    SOUTHAMPTON, Pa., June 09, 2025 (GLOBE NEWSWIRE) — Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today reported its financial results for the fourteen week period ended February 28, 2025 (the “2025 fiscal fourth quarter”) and the fifty-three week period ended February 28, 2025 (“fiscal 2025”).

    Robert L. Laurent, Jr., ETC’s Chief Executive Officer and President stated, “Our strong backlog and pipeline of opportunities once again translated into increases in net sales, gross profit margin, operating income and net income. These results reflect growth in each of our business units with sales increasing to $62.9 million, gross profit increasing to $18.5 million, and net income increasing to $13.1 million or $0.75 diluted earnings per share in fiscal 2025 as compared to net income of $1.8 million or $0.09 diluted earnings per share in fiscal 2024. We believe we remain well positioned for the future with a backlog of $87 million and strong pipeline of opportunities at February 28, 2025.”

    Fiscal 2025 Results of Operations

    Net Income

    Net income was $13.1 million, or $0.75 diluted earnings per share, in fiscal 2025, compared to net income of $1.8 million during fiscal 2024, equating to $0.09 per diluted share. The $11.2 million variance is primarily attributable to a $19.6 million increase in sales, a $6.1 million increase in gross profit, slightly offset by a $0.8 million increase in operating expenses. Fiscal 2025 is also being positively impacted by an income tax benefit of $5.6 million, primarily associated with the partial reversal of valuation allowance previously recorded against the deferred tax asset. The deferred tax asset valuation allowance on federal deferred tax assets and certain state deferred tax assets was reversed in fiscal 2025, as it is now more likely than not that the Company will be able to fully realize these deferred tax assets.

    Net Sales

    Net sales for fiscal 2025 was $62.9 million, an increase of $19.6 million, or 45.3%, compared to fiscal 2024 net sales of $43.3 million. The increase is a result of higher International sales of $13.4 million, of which $9.3 million are within Aircrew Training Solutions (“ATS”) and $3.5 million are within Commercial Industrial Systems (“CIS”) as well as higher Domestic sales of $6.2 million, $6.0 million of which are within CIS. Further, sales in fiscal 2025 increased the greatest within the ATS business unit and Sterilizer Systems business unit, accounting for $9.9 and $7.4 million, respectively, of the overall increase of $19.6 million.

    Gross Profit

    Gross profit for fiscal 2025 was $18.5 million compared to $12.5 million in fiscal 2024, an increase of $6.1 million, or 48.7%. The increase in gross profit was primarily due to higher net sales within the ATS and Sterilizers System business units. Gross profit margin as a percentage of net sales increased to 29.4% in fiscal 2025 compared to 28.8% in fiscal 2024.

    Operating Expenses

    Operating expenses, including sales and marketing, general and administrative, and research and development, for fiscal 2025 was $10.3 million compared to $9.5 million in fiscal 2024, an increase of $0.8 million, or 8.1%. An increase in selling and marketing expenses, primarily driven by higher sales and an increase in general and administrative expenses, due primarily to an increase in salary and related expenses, along with an increase in professional fees was offset slightly by a decrease in research and development expenses.

    Interest Expense, Net

    Interest expense, net, for fiscal 2025 was $1.2 million compared to $0.9 million in fiscal 2024, an increase of $0.3 million, or 31.6%, due primarily to higher borrowing attributable to the leaseback of the Southampton, Pennsylvania demonstration equipment in fiscal 2025.

    Other (Income) Expense, Net

    Other income, net, for fiscal 2025 was ($0.4) million, compared to other expense, net, of $0.3 million in fiscal 2024 a favorable variance of ($0.7) million, or (221.5%) attributable to a gain realized from the sale of the Southampton, Pennsylvania demonstration equipment in fiscal 2025.

    Income (Benefit) Taxes

    As of February 28, 2025, the Company reviewed the components of its deferred tax assets and determined, based upon all available information, that it is more likely than not that deferred tax assets relating to its federal deferred tax assets and certain state deferred tax assets will be realized. Accordingly, we reversed the previously recorded valuation allowance against these deferred tax assets. If in the future there is a change in our ability to realize these deferred tax assets, then our tax valuation allowance may increase in the period in which we determine that realization is no longer more likely than not. An income tax benefit of $5.6 million was recorded in fiscal 2025 compared to income tax benefit of $0.1 million recorded in fiscal 2024.

    Fiscal 2025 Fourth Quarter Results of Operations

    Net Income

    Net income was $7.6 million, or $0.45 diluted earnings per share, in the 2025 fiscal fourth quarter, compared to net income of $2.8 million during the 2024 fiscal fourth quarter, equating to $0.17 diluted earnings per share. The $4.8 million variance is a result of $2.7 million of increased sales, $0.6 million increase in other income attributable to the sale of the Company’s demonstration equipment offset slightly by an 8.9% decrease in gross profit margin percentage, primarily attributable to increased aeromedical center building sales and higher interest expense attributable to the demonstration equipment lease. The 2025 fiscal fourth quarter is also being positively impacted by a $5.5 million increase in income tax benefit attributable to the reversal of the deferred tax asset valuation allowance.

    Net Sales

    Net sales for the 2025 fiscal fourth quarter were $19.1 million, an increase of $2.7 million, or 16.4%, compared to net sales of $16.4 million for the 2024 fiscal fourth quarter. The increase reflects higher overall sales within the ATS and Sterilizer Systems business units.

    Gross Profit

    Gross profit was $4.7 million in the 2025 fiscal fourth quarter, a decrease of $0.8 million, or 14.5% compared to gross profit of $5.5 million for the 2024 fiscal fourth quarter. Gross profit margin as a percentage of net sales decreased to 24.6% in the 2025 fiscal fourth quarter compared to 33.5% in 2024 fiscal fourth quarter. The majority of the decrease was a direct result of the increase in aeromedical center building sales, which is lower margin then ETC’s core business as the work is being performed by a sub-contracted construction firm. Excluding the aeromedical center building sales, gross profit margin would have been approximately 29.7%. As the building construction of the aeromedical center accelerates over the next year, ETC expects gross profit margin to be lower in fiscal 2026 as compared to fiscal 2025.

    Operating Expenses

    Operating expenses, including sales and marketing, general and administrative, and research and development, for the 2025 fiscal fourth quarter were $2.7 million, an increase of $0.2 million, or 6.1%, compared to $2.5 million for the 2024 fiscal fourth quarter. The increase in operating expenses was due primarily to higher general and administrative expenses slightly offset by lower selling and marketing and research and development expenses in the 2025 fiscal fourth quarter compared to the 2024 fiscal fourth quarter.

    Interest Expense, Net

    Interest expense, net, for the 2025 fiscal fourth quarter was $0.6 million compared to $0.2 million in the 2024 fiscal fourth quarter, an increase of $0.4 million, or 146.6%, reflecting increased borrowing attributable to the leaseback of the demonstration equipment in 2025 fiscal fourth quarter.

    Other (Income) Expense, Net

    Other income, net, for 2025 fiscal fourth quarter was ($0.5) million, compared to other expense, net, of $0.1 million in 2024 fiscal fourth quarter, a favorable variance of ($0.6) million, or (721.0%) attributable to a gain realized from the sale of the Southampton, Pennsylvania demonstration equipment in the 2025 fiscal fourth quarter.

    Income (Benefit) Taxes

    An income tax benefit of $5.7 million was recorded in the fiscal 2025 fourth quarter compared to an income tax benefit of $0.2 million in the 2024 fiscal fourth quarter. The increase in the income tax provision in the 2025 fiscal fourth quarter was driven primarily by the reversal of the valuation allowance on federal deferred tax assets and certain state deferred tax assets. This reversal is attributable to the change in the Company’s operating profit and expected ability to realize these deferred tax assets.

    Liquidity and Capital Resources

    As of February 28, 2025, the Company’s availability under the PNC Revolving Line of Credit was $2.2 million. This reflected cash borrowings of $14.3 million and net outstanding standby letters of credit of approximately $3.5 million. As of June 9, 2025, the date of our most current Revolving Line of Credit statement, the Company’s availability under the PNC Revolving Line of Credit was approximately $1.2 million. The Company had working capital of $19.7 million as of February 28, 2025 compared to working capital of $8.7 million as of February 23, 2024. The increase in working capital was primarily the result of a significant increase in contract assets and reduction in contract liabilities partially offset by a decrease in prepaid assets and increase in accounts payable, trade and an increase in the current portion of lease obligations. With unused availability under the Company’s various current lines of credit, the further conversion of contract assets and inventory into cash, the collection of milestone payments associated with several International contracts, and expected deposits on fiscal 2026 bookings, the Company anticipates its sources of liquidity will be sufficient to fund its operating activities, anticipated capital expenditures, and debt repayment obligations throughout fiscal 2025.

    On February 3, 2025, the Company entered into a Financing and Security Agreement with Coeur Capital, Inc. that provided for a line of credit of up to $3.0 million. The company is able to draw on the line transferring and assigning acceptable accounts receivable to Coeur Capital. The Financing and Security Agreement remains in full force until terminated by either party upon advanced written notice. As of February 28, 2025, the Company’s availability under this Financing and Security Agreement was $3.0 million. As of June 9, 2025, the date of our report, the Company’s availability under this Financing and Security Agreement with Coeur Capital was $3.0 million.

    Cash flows from operating activities

    During fiscal 2025, cash flows used by operating activities were $3.9 million, an increase of $0.2 million compared to fiscal 2024 cash flows used by operating activities of $3.7 million. Cash flows in fiscal 2025 increased as a result of the increase in contract assets and decrease in contract liabilities partially offset by net income for the fiscal year.

    Cash flows from investing activities

    Cash flows from investing activities primarily relates to funds for capital expenditures in property, plant, and equipment and software development. The Company’s fiscal 2025 investing activities provided $3.6 million as compared to fiscal 2024 investing activities which used $0.3 million. The change in investing activities is attributable to $4.0 million from the sale leaseback of the demonstration equipment in Southampton, Pennsylvania.

    Cash flows from financing activities

    During fiscal 2025, the Company’s financing activities provided $1.7 million from borrowings under the Company’s credit facility to support the significant increase in manufacturing, compared to fiscal 2024 borrowings of $2.7 million.

    About ETC

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

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

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

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

    ETC’s unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition. ETC’s headquarters is located in Southampton, PA. For more information about ETC, visit http://www.etcusa.com/.

    Forward-looking Statements

    This news release contains forward-looking statements, which are based on management’s current expectations and are subject to uncertainties and changes in circumstances. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, and these statements may include words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “future”, “predict”, “potential”, “intend”, or “continue”, and similar expressions. We base our forward-looking statements on our current expectations and projections about future events or future financial performance. Our forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC and its subsidiaries, the economy and other factors that may cause actual results to be materially different from any future results implied by these forward-looking statements. We caution you not to place undue reliance on these forward-looking statements.

                     
    Table A                
                     
    Environmental Tectonics Corporation
    Consolidated Comprehensive Statement of Operations and Comprehensive Income
                     
                     
    (in thousands, except per share information)   Fifty-three / Fifty-two weeks ended   Variance
        February 28, 2025 February 23, 2024   ($)   (%)
    Net sales   $ 62,943     $ 43,307     $ 19,636     45.3  
    Cost of goods sold     44,420       30,848       13,572     44.0  
    Gross Profit     18,523       12,459       6,064     48.7  
    Gross profit margin %     29.4 %     28.8 %     0.6 %   2.1 %
                     
    Operating expenses     10,260       9,494       766     8.1  
    Operating income     8,263       2,965       5,298     178.7  
    Operating margin %     13.1 %     6.8 %     6.3 %   92.6 %
                     
    Interest expense, net     1,183       899       284     31.6  
    Other (income) expense, net     (361 )     297       (658 )   -221.5  
    Income before income taxes     7,441       1,769       5,672     320.6  
    Pre tax margin %     11.8 %     4.1 %     7.7 %   187.8 %
                     
    Income tax provision (benefit)     (5,622 )     (51 )     (5,571 )   10923.5  
    Net income     13,063       1,820       11,243     617.7  
    Preferred Stock Dividends     (493 )     (484 )     (9 )   1.9  
    Income attributable to common and participating shareholders   $ 12,570     $ 1,336     $ 11,234     840.9  
                     
    Per share information:                
    Basic earnings per common and participating share:            
    Distributed earnings per share:                
    Common   $ –     $ –          
    Preferred   $ 0.08     $ 0.08     $ –     0.0  
    Undistributed earnings per share:                
    Common   $ 0.81     $ 0.09     $ 0.72     800.0  
    Preferred   $ 0.81     $ 0.09     $ 0.72     800.0  
    Diluted earnings per share   $ 0.75     $ 0.09     $ 0.66     733.3  
                     
    Total basic weighted average common and participating shares     15,572       15,569          
                     
    Total diluted weighted average shares     16,655       15,569          
    Table B                
                     
    Environmental Tectonics Corporation
    Consolidated Comprehensive Statement of Operations and Comprehensive Income
                     
        Fourteen / Thirteen weeks ended   Variance
    (in thousands, except per share information)   February 28, 2025   February 23, 2024   ($)   (%)
    Net sales   $ 19,098     $ 16,414     $ 2,684     16.4  
    Cost of goods sold     14,394       10,915       3,479     31.9  
    Gross Profit     4,704       5,500       (795 )   -14.5  
    Gross profit margin %     24.6 %     33.5 %     -8.9 %   -26.7 %
                     
    Operating expenses     2,665       2,513       153     6.1  
    Operating income     2,039       2,987       (948 )   -31.6  
    Operating margin %     10.7 %     18.2 %     -7.5 %   -40.8 %
                     
    Interest expense, net     613       249       365     146.6  
    Other (income) expense, net     (504 )     81       (584 )   -721.0  
    Income before income taxes     1,930       2,658       (728 )   -27.4  
    Pre-tax margin %     10.1 %     16.2 %     -6.2 %   (38.2 )
                     
    Income tax provision (benefit)     (5,682 )     (171 )     (5,511 )   3222.8  
    Net income     7,612       2,829       4,783     169.1  
    Preferred Stock dividends     (130 )     (121 )     (9 )   7.4  
    Income attributable to common and participating shareholders   $ 7,482     $ 2,708     $ 4,774     176.3  
                     
    Per share information:                
    Basic earnings per common and participating share:                
    Distributed earnings per share:                
    Common   $ –     $ –     $ –      
    Preferred   $ 0.02     $ 0.02     $ –     0.0  
    Undistributed earnings per share:                
    Common   $ 0.48     $ 0.17     $ 0.31     182.4  
    Preferred   $ 0.48     $ 0.17     $ 0.31     182.4  
    Diluted earnings per share   $ 0.45     $ 0.17     $ 0.28     164.7  
                     
                     
    Total basic weighted average common and participating shares     15,582       15,569          
                     
    Total diluted weighted average shares     16,725       15,569          

    The MIL Network –

    June 10, 2025

  • MIL-OSI USA: In Response To The Recent Antisemitic Attacks Across The Nation, Gillibrand, Schumer, Nadler, Goldman Stand With Jewish Community Leaders In Calling For Additional Funds To Protect The Jewish Community

    US Senate News:

    Source: United States Senator for New York Kirsten Gillibrand

    Today, in response to a recent surge in violent antisemitic terror attacks, U.S.Senators Kirsten Gillibrand and Charles E. Schumer and Representatives Jerrold Nadler and Dan Goldman stood with Jewish leaders and other faith leaders requesting that the Nonprofit Security Grant Program (NSGP) be robustly funded to keep communities safe. The funding allocated by this program supports nonprofit organizations most at risk of attack through the acquisition and installation of physical target hardening measures, related preparedness and prevention planning, training, and exercises, and contracted security personnel so that religious and community-based organizations have the critical resources and tools they need to protect lives and property.

    This comes in response to the recent wave of antisemitic attacks across the country, including the arson attack at Pennsylvania Governor Josh Shapiro’s home, the murder of two Israeli Embassy staffers in Washington, D.C., and the tragedy in Colorado last Sunday in which 15 people were injured when Molotov cocktails were thrown at them at a peaceful demonstration calling for the release of the hostages in Gaza. In 2024, there were 9,354 antisemitic incidents across the United States. This was an 893% increase over the previous 10 years and represents the highest number of incidents on record since the Anti-Defamation League began tracking these statistics 46 years ago.

    “Since October 7, 2023, we have seen a disturbing rise in hate crimes across the country and at home in New York targeted toward members of the Jewish faith,” said Senator Gillibrand. “America was founded on the principle of the free exercise of religion. That means that every American has the right to live without fear of being attacked for their faith, and I am fighting to make sure that continues by robustly funding the Nonprofit Security Grant Program. My message to the Jewish community is that I stand united with you against antisemitism, now and always.” 

    “The persistent cascade of intolerance and violence as the state of hate in America rises to a boiling point demands a much stronger federal response, because we are in a crisis,” said U.S. Senator Charles Schumer. “In many ways, the vulnerability and increased danger in houses of worship and not-for-profits has never been higher. That is why I am pushing for $500 million for the Nonprofit Security Grant Program—and increased funding for technical assistance to help organizations apply for grants—to counter, contain and ultimately crush the fear—and the threats—plaguing places of worship, religious schools, and other nonprofit organizations. We will fight hard to achieve this funding goal and do all we can to ensure places of worship are safe.”

    “Just 8 days ago, we witnessed the latest in a string of horrific attacks against Jews. This attack fell against the backdrop of a surge of Antisemitism nation-wide, which has especially peaked since Hamas’ horrific terrorist attack on October 7th, 2023— the bloodiest day in Jewish history since the Holocaust. This moment demands a swift response. That is why I signed a bipartisan letter last week calling for a $500 million funding level for the Non-Profit Security Grant Program and I continue to echo that call. Such an increase is a necessary step to help ensure Jews’ physical safety. I hope both sides of the aisle and all branches of government come together to get this done,” said Rep. Jerry Nadler (NY-12). “In this time of American Jews experiencing an unprecedented rise in antisemitism, I also am sad to have to say that the Trump Administration is acting as a catalyst, not a deterrent. If President Trump were actually serious about combatting antisemitism, he’d start by firing the known antisemites in his own administration. In this unprecedented time for American Jews, we must ensure antisemites find no safe haven, no matter their political affiliations or positions of power.”

    “We don’t need to look further than the murders of two young Israeli Embassy workers outside the Capital Jewish Museum or the attacks on Jews during a peaceful protest in Boulder to understand that antisemitic hate is not just rising — it’s exploding into deadly violence,” said Karen Paikin Barall, Vice President, Government Relations, Jewish Federations of North America. “These are not isolated incidents; they are part of a deeply troubling trend that threatens the safety, dignity, and freedom of the Jewish community. By providing adequate funding, we can help protect places of worship, education, and community gatherings from the growing threats they face. Silence and inaction are not options — lives are on the line.”

    “In the face of sharply escalating antisemitic violence nationwide, including the horrific recent antisemitic attacks, the NSGP is a lifeline that enables synagogues, Jewish community centers, and other vulnerable institutions to take meaningful steps to protect their congregants and staff,” said Eric S. Goldstein, CEO, UJA-Federation of New York. “UJA is urgently calling for a significant increase in funding for the NSGP and we are deeply grateful for the steadfast leadership of Senator Gillibrand and Leader Schumer, and members of the New York House delegation, who continue to champion the safety and security of Jewish New Yorkers.”

    “Our Jewish communities are reeling from a wave of horrific, antisemitic acts of terror—part of an unprecedented surge in antisemitism we’ve witnessed since October 7th across the country and here in New York. In the face of persistent threats targeting Jewish individuals and institutions, it is imperative that the federal government provide robust funding for the Nonprofit Security Grant Program, which is already the law but needs resources to be fully operationalized,” said Mark Treyger, CEO of JCRC-NY. “Increasing Nonprofit Security Grant funding is a vital step toward ensuring that all vulnerable communities can gather and live in safety. JCRC-NY will continue working to uproot antisemitic hate before it takes hold and to build a future grounded in mutual respect and shared humanity. While we continue this important work, we also urge our leaders to call out the inflammatory rhetoric that has predictably led to this surge in antisemitic acts of terror. We are deeply grateful to Leader Schumer, Senator Gillibrand, and members of the Congressional delegation for their leadership on this urgent matter”

    “In the aftermath of the horrific attacks against Jewish Americans in Washington, D.C. and Boulder, there’s no more compelling argument for robust federal funding for Jewish institutional security. It’s time. Last year ADL recorded over 1,700 antisemitic incidents targeting Jewish institutions,” said Jonathan Greenblatt, CEO, ADL. “In this climate of escalating threats, every additional dollar for the Nonprofit Security Grant Program is a lifeline — right now, the demand far outpaces the available resources. I’m proud to be standing with these Congressional leaders pushing for an increase in funding to ensure that synagogues, schools, and community centers can take basic steps to protect themselves.”

    “Years ago, a police car in front of a synagogue was a rarity, and today it is a reality,” said Rabbi Joseph Potasnik, Executive Vice President, New York Board of Rabbis. “Years ago, standing up for the Jewish people was most venerable; today it makes you most vulnerable. Thus, we are most grateful to Senators Schumer and Gillibrand for seeking additional funding for security purposes. Their steadfast support is most reassuring, especially during this difficult period.”

    Every year, Congress must specifically allocate funding for the NSGP, which helps nonprofits deemed by the Department of Homeland Security to be at risk of attack plan for and ready themselves against potential attacks. In addition to hardening facilities, this program has improved efforts to keep at-risk nonprofit organizations safe by promoting emergency preparedness coordination and collaboration activities between public and private community representatives, as well as with state and local government agencies.

    For years, Senator Gillibrand has successfully pushed to include funding for the NSGP in the budget. In Fiscal Year 2024, Gillibrand and Schumer successfully secured $454.5 million in funding for the NSGP. The Jewish community remains one of the top targets of faith-based hate crimes in the U.S., and that danger has only increased since October 7, 2023. Senators Gillibrand and Schumer will continue to prioritize the safety of these and other faith communities throughout New York State. 

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI USA: VIDEO: Rep. Pressley Condemns Trump’s Authoritarian Assault on Harvard, Nonprofits

    Source: United States House of Representatives – Congresswoman Ayanna Pressley (MA-07)

    Trump Admin. Weaponizing Tax Laws to Silence Dissent, Attack Nonprofits Providing Essential Services to Vulnerable People

    “This is about Trump and Republicans punishing people who disagree with them. It is about attacking nonprofits of all sizes that serve the vulnerable and marginalized and stand in the gap for our communities. It’s about trying to intimidate every charity and nonprofit in this country and spark a fear that if you speak up – if you do something the Republicans don’t like – you could be next.”

    Video (YouTube)

    WASHINGTON – Today, in a House Oversight Subcommittee hearing, Congresswoman Ayanna Pressley (MA-07) condemned Donald Trump’s targeted, authoritarian assault on nonprofit organizations it disagrees with. Congresswoman Pressley discussed the Trump Administration’s efforts to revoke the tax-exempt status of Harvard University as part of Republicans’ broader campaign to punish dissent and attack organizations that serve vulnerable communities.

    A full transcript of the Congresswoman’s remarks is below and the video is available here.

    Transcript: Pressley Condemns Trump’s Authoritarian Assault on Harvard, Nonprofits

    House Oversight DOGE Subcommittee

    June 4, 2025

    REP. PRESSLEY: Thank you to our witnesses for being here today. 

    What we are witnessing from Occupant Trump, his Administration, and Republicans writ-large is not governance – it is a targeted, dangerous assault on the independence of our nonprofit organizations. 

    We’ve seen these attacks take many forms, perhaps most visibly in my own district – the Massachusetts 7th – as the administration continues its unlawful campaign against Harvard University. Trump has threatened to revoke Harvard’s tax-exempt status, freeze billions in federal funding for scientific research to save lives, might I add, and publicly vilify students and faculty – all part and parcel of his attacks on education. 

    But let me make it plain: this isn’t just about Harvard and it’s definitely not about government efficiency – the name of this subcommittee. 

    This is about Trump and Republicans punishing people who disagree with them. 

    It is about attacking nonprofits of all sizes that serve the vulnerable and marginalized and stand in the gap for our communities. 

    It’s about trying to intimidate every charity and nonprofit in this country and spark a fear that if you speak up – if you do something the Republicans don’t like – you could be next.

    A hospital that provides abortion care. A local food pantry that feeds immigrants. Or an advocacy group that fights for civil rights.

    Donald Trump is weaponizing our tax laws to attack nonprofits at the same time he is pushing for tax cuts for Elon Musk and billionaires.

    Ms. Yentel, can the President or Executive Branch legally revoke a nonprofit’s tax-exempt status simply because it disagrees with that organization’s lawful speech or mission?

    DIANE YENTEL: They can’t. The statute is very clear that that is illegal.

    REP. PRESSLEY: Thank you. Republicans think the answer is yes, but that would mean every nonprofit in America is just one tweet away from being targeted by the federal government.

    I am proud that in the Massachusetts 7th, community-based organizations are speaking up and fighting back against Republican attacks. And I know they are doing it at risk of serious threat.

    Ms. Yentel, can you make plain what are the consequences to charities and nonprofits losing tax-exempt status?

    MS. YENTEL: Well, tax exempt status is given to nonprofit organizations that do essential work to meet needs in their local communities, in exchange for significant transparency and accountability. And if nonprofit organizations lose their tax exempt status, it could create significant challenges for them to be able to do their work related to how and where they get their funding, and it could cause them to have to shut down their work altogether.

    REP. PRESSLEY: Their work which is to the betterment of us all, which is to the collective, our shared constituents. 

    MS. YENTEL: Yes.

    REP. PRESSLEY: Very good. Let’s put this in perspective:

    Trump is firing government workers that administer programs like Head Start and Social Security while also attacking non-profits that provide resources and supports to vulnerable populations.

    Trump and his Republican cult do not care about helping people who are struggling. Instead, they want to make them suffer more.  

    Now, before I yield back, let me ask the Republican witnesses: if you all think Trump is right for revoking tax-exempt status for nonprofits for their political views, raise your hand then if you think the Heritage Foundation – who wrote Project 2025 – should also lose their tax-exempt status? 

    Show of hands, by the logic that is being applied. 

    MR. WALTER: I’m not aware of any nonprofit that’s had its status revoked. 

    REP. PRESSLEY: Again, the question that I’m posing is, would you please raise your hand if you think the Heritage Foundation who wrote Project 2025 should also lose their tax exempt status? 

    Show of hands.

    MR. WALTER: It’s a perfectly a reasonable speech by a nonprofit. 

    REP. PRESSLEY: So none of you, so none of you, none of you.

    The shame and the sham of it all.

    Before I yield back, Ms. Yentel, I know that you have been harangued intensely throughout today’s proceedings. Is there anything that you would like to set the record straight on or respond to in my remaining time? 

    MS. YENTEL: Thank you, Congresswoman. I would like to use the remaining time to remind us all and every member of this committee of the vital, essential work that nonprofit organizations do in each of your communities, for your constituents, and the work that we do to support them in that work. Nonprofit organizations are local. They are transparent and accountable. They are non-partisan, by law and in practice, and they do essential work to meet the needs of all of your communities and all Americans. Thank you.

    REP. PRESSLEY: Thank you. I yield back.

    ###

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI USA: Rep. Lauren Underwood Delivers Remarks at Agriculture Subcommittee Markup to Highlight How Republicans are Increasing Costs for Farmers and Rural Communities

    Source: United States House of Representatives – Congresswoman Lauren Underwood (IL-14)

    During today’s House Appropriations subcommittee markup of the 2026 Agriculture, Rural Development,  Food and Drug Administration, and Related Agencies funding bill, Rep. Lauren Underwood (IL-14) delivered the following remarks: 

    ““Mr. Chairman, I strongly oppose the Fiscal Year 2026 Agriculture, Rural Development, and FDA Appropriations bill we are considering today. 

    While the Trump Administration and my Republican colleagues on this Committee like to talk about reducing chronic disease and protecting children’s health, their actions speak louder.   

    With the dangerous funding cuts in this bill, they are turning their backs on working families, rural communities, and public health.  

    At a time when tobacco use remains the leading cause of preventable death in America and poses a grave threat to American youth – with over 2 million middle and high school students reporting tobacco use in 2024 – we should be prioritizing the data-driven public health investments that are proven to work, not undermining FDA’s power to regulate Big Tobacco. 

    This bill is yet another example of the Trump Administration’s focus destroying the tools that help FDA hold Big Tobacco accountable to the American people.  

    This bill is so extreme that it even blocks FDA from finalizing a commonsense rule to ensure that tobacco products are not contaminated with foreign substances like glass, fingernails, rocks, direct, and mold.   

    If my Republican colleagues cannot even take a stand against cigarettes with fingernails in them, then their position is clear — they are not willing to regulate the President’s friends and donors in the tobacco industry and they are not serious about protecting public health.  

    So instead of devoting FDA resources to regulating tobacco, this bill proposes to waste agency resources—and taxpayer funds—on an unnecessary review of mifepristone. 

    We already have decades of evidence showing that mifepristone is a safe and effective medication that safeguards women’s health and lives.  

    Medical experts describe mifepristone as among the safest medications being used today.   

    Yet FDA Commissioner Makary has recently “committed to conducting a review of mifepristone,” and this bill includes report language supporting this wasteful review that is based on fraudulent junk science.  

    So, let’s be honest about what this bill does. It’s not going to make women safer. It’s a waste of taxpayer resources and another attack from this Administration on our bodily autonomy.  

    Throughout this appropriations process, we have heard so much about using federal dollars wisely, controlling costs, and supporting everyday Americans. 

    Yet another way that this bill fails to deliver on those goals is by flat-funding the WIC program despite rising costs for the mothers and children who rely on it. 

    WIC is one of the most cost-effective public health programs we have. If my Republican colleagues actually cared about government efficiency, they would invest in programs like WIC that we know improve health outcomes for families.  

    Instead, this bill reverses the progress we have made on child nutrition and puts eligible moms and kids on waiting lists. That’s not efficient—it’s just irresponsible. 

    This bill slashes the cash-value benefits for fruits and vegetables, cutting access to healthy food for children during their most critical growth years while hurting American farmers. 

    Under this bill, a toddler’s fruit and veggie benefit is lower than it was last year. That’s not fiscal discipline—it’s nutritional sabotage. You don’t balance a budget on the backs of babies.  

    Let’s be clear: this isn’t saving money long-term. When we deny healthy food to pregnant moms and young kids, we increase the risk of preterm birth, developmental delays, and chronic illness. That’s more hospital visits, higher Medicaid costs, and worse outcomes for families.  

    WIC needs to be fully funded—not frozen—and benefits need to reflect the science. That’s what the families we represent deserve.  

    So I urge my colleagues to reject this misguided bill, and to work together on a smarter funding plan that genuinely supports American families and protects public health”

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI USA: Action Taken by Governor Phil Scott on Legislation – June 9, 2025

    Source: US State of Vermont

    Montpelier, Vt. – Governor Phil Scott announced action on the following bills, passed by the General Assembly.

    On June 9, Governor Scott signed bills of the following titles:

    • S.53, An act relating to certification of community-based perinatal doulas and Medicaid coverage for doula services
    • S.59, An act relating to amendments to Vermont’s Open Meeting Law

    When signing S.53, Governor Scott issued the following statement:

    “While I support greater access to perinatal care in Vermont, I believe outstanding operational concerns must be addressed before we seek to amend our Medicaid plan to allow Medicaid reimbursement for community-based perinatal doulas. We must ensure that community-based perinatal doula professional certification standards are consistent with federal expectations before Medicaid reimbursement is finalized. If this requires further legislation next year, it’s my hope the Legislature will address this area of concern.”

    On June 9, Governor Scott returned without signature and vetoed S.125, An act relating to collective bargaining and sent the following letter to the General Assembly:

    Dear Mr. Bloomer:

    Pursuant to Chapter II, Section 11 of the Vermont Constitution, I am returning S.125, An act relating to collective bargaining, without my signature because of my objections described herein:

    This bill would effectively unionize a group of Judiciary employees with a simple definitional change. I’m concerned that despite unions testifying this was a priority for their organization, employees who would be impacted by this bill were not consulted or asked to testify.

    The Judiciary has advised this change could have a negative impact on the effective management of courthouses and fear a workplace marked by divisiveness and angst were this bill to pass. At a time when our court system is managing a significant backlog, we should be focusing on improving efficiencies within the system.

    Further, this bill seeks to bolster existing unions by significantly increasing the voting threshold for union decertification. This means it will be much more difficult for employees who do not feel well represented to consider their alternatives.  

    I support collective bargaining, but I believe employees should have choices for which union they belong to. This bill seeks to make it harder for employees, if they choose, to seek union representation from other organizations. I believe the threshold to trigger a vote for certification should be the same as decertification.

    Our employees should be heard and respected and for this reason I cannot allow this bill to go into law. 

    Sincerely,

    /s/

    Philip B. Scott

    Governor

    To view a complete list of action on bills passed during the 2025 legislative session, click here.

    ###

    MIL OSI USA News –

    June 10, 2025

  • MIL-Evening Report: Some economists have called for a radical ‘global wealth tax’ on billionaires. How would that work?

    Source: The Conversation (Au and NZ) – By Venkat Narayanan, Senior Lecturer – Accounting and Tax, RMIT University

    Rudy Balasko/Shutterstock

    Earlier this year, I attended a housing conference in Sydney. The event’s opening address centred on the way Australia seems to be becoming like 18th-century England – a country where inheritance largely determines one’s opportunities in life.

    There has been a lot of media coverage of economic inequities in Australian society. Our tax system has been partly blamed for this problem. The case for long-term, visionary tax reform has never been stronger. And one area of tax reform could be a wealth tax.

    First, let’s be clear about one thing. Unlike the superannuation tax reforms currently being debated for those with more than A$3 million in superannuation, the wealth tax we’re talking about would apply to a very different cohort: billionaires.

    A recent article in the Financial Times re-examined a proposal to impose such a tax on the world’s highest-net-worth individuals. It also pointed out these efforts would need to be globally coordinated.

    Such taxes could collect significant sums of money for governments. It’s previously been estimated a billionaire tax could raise US$250 billion (more than A$380 billion) globally if just 2% of the net worth of the world’s billionaires was taxed each year.

    The case for a wealth tax

    Inequality is on the rise and the argument for a wealth tax can’t be ignored – not least here at home. According to the Australia Institute, the wealth of Australia’s richest 200 people has soared as a percentage of our national gross domestic product (GDP) – from 8.4% in 2004 to 23.7% in 2024.

    If that sounds dramatic, the picture is far worse in the United States. So, what would a wealth tax look like in Australia (noting that in reality a globally coordinated effort would be needed)?

    The starting point for this is understanding of why high-net-worth individuals seemingly pay very low taxes.

    High net worth, low tax rate

    Income taxes only take into account any amounts that are received in the hands of the taxpayer – whether that is a company, a person or a trust.

    Most high-net-worth individuals do not receive much income directly but “store” their wealth in companies and other corporate structures.

    In Australia, the maximum applicable tax rate for companies is 30%. Note that the highest tax rate in Australia for individuals is 45% plus the 2% medicare levy, effectively 47%.

    Assets such as real estate may also be held by companies or trusts, and the increase in value of these assets is not taxed until they are sold (through capital gains tax).

    Even then, those gains may not be paid out directly to the high-net-worth individual who owns these entities.

    Unrealised gains

    So, how do we tax wealth that is sitting in various businesses (company structures) or other entities, but isn’t taxed at present because the “income” or “gains” from these are not taxable in the hands of the wealthy individuals who own them?

    This goes into the murky area of taxation of unrealised gains. Here, we need to tread very carefully. But we also need to recognise that we already do this, albeit rather subtly, and most of us are not billionaires.

    In your rates notice from your local council, for example, the increase in value of your residence or investment property is used to calculate your rates.

    The real difficulty, to carry on with this example, is that your residence or investment property is typically held in your name and so the tax can be directly levied on you.

    A luxury residence in Miami Beach, Florida, owned by Jeff Bezos, founder of Amazon. The US is home to the most billionaires of any country in the world.
    Felix Mizioznikov/Shutterstock

    Making tax unavoidable

    As we’ve already explained, the bulk of the assets or net worth of wealthy individuals is not directly attributable to them. Does this mean we should give up altogether?

    Not quite. UNSW professor Chris Evans has pointed out that while we may not be able to effectively tax all the net worth of the wealthy, there are some things we can tax and they can’t avoid it.

    An obvious example is real estate. You can pack your bags and bank accounts and move to a low-tax country, but you can’t move your mansion overlooking Sydney Harbour.

    Real estate, both residential and commercial, provides one clear way in which we could implement a partial wealth tax. This method (which also has fewer valuation issues than value stored in a company in the form of retained profits) also counters the argument that the wealthy will simply move to other jurisdictions that won’t tax them.

    There is plenty of academic research looking at various wealth tax initiatives in other countries. We should learn from these, including the experience in Switzerland and Sweden.

    In Sweden, for instance, research found the behavioural effects of wealth taxation were less pronounced than those of income taxation, but the system had so many loopholes that evasion was an option for some people.

    Change faces headwinds

    In a very uncertain world that features ongoing wars and an unpredictable US president, any change that seeks to address issues of inequity is going to be met with resistance by those who hold power.

    Some billionaires in the US, however, have expressed their support for being taxed more in a letter signed by heirs to the Disney and Rockefeller fortunes. That offers some hope, and suggests the discussion about wealth taxes should not be relegated to the “too hard” basket.

    Some steps towards taxing the uber-rich would be better than the status quo.

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

    – ref. Some economists have called for a radical ‘global wealth tax’ on billionaires. How would that work? – https://theconversation.com/some-economists-have-called-for-a-radical-global-wealth-tax-on-billionaires-how-would-that-work-257632

    MIL OSI Analysis – EveningReport.nz –

    June 10, 2025

  • MIL-OSI USA: Remarks at the Roundtable on DeFi and the American Spirit

    Source: Securities and Exchange Commission

    Good afternoon and thank you to the panelists and attendees today for the Commission’s fifth roundtable organized by the Crypto Task Force, entitled “DeFi and the American Spirit.”[1]

    Reflecting on the “American Spirit” brings to mind the expedition of Merriweather Lewis and William Clark. About 220 years ago on May 14, 1804, Lewis and Clark set out to explore the new Louisiana Territory, purchased the prior year by President Thomas Jefferson.[2] The size of the United States had doubled overnight, but there were no reliable maps or established routes through the new land. Despite this daunting challenge, Lewis and Clark entered the wilderness to carry out their mission.

    While perhaps not nearly as fraught with personal danger, the Commission is similarly navigating through challenging new terrain and plunging into the regulatory wilderness under the leadership of Commissioner Peirce and the Crypto Task Force. While the Commission’s tools – such as roundtables, public consultation, and economic analysis – may be different, I am confident that our expedition can succeed in updating our rulebook to open up new opportunities for American investors and businesses.

    The SEC’s treatment of decentralized finance and other emerging technologies over the past four years was not conducive to regulatory transparency and discouraged entrepreneurs and those developing DeFi from engaging with the Commission. However, that approach has recently changed under the Crypto Task Force, which is charged with coordinating the Commission’s effort to find answers to many pressing questions. Thus far, they have changed the SEC’s posture on crypto, embraced difficult regulatory questions, and promoted transparency by engaging with the market participants driving innovation and change.

    This SEC is committed to high quality regulation. High quality regulation takes time and administrative processes matter. For those who are involved in the development of DeFi, please be patient and work with the Commission and its staff towards achieving the best possible outcome.

    Although I am uncertain as to what “perfect regulation” may look like, the path towards it begins with seeking input from the public. This journey towards regulatory clarity will likely be frustrating, and may move in fits and starts. However, by learning from DeFi innovators and advocates, the Commission has a better chance at regulating securities transactions involving DeFi and protecting American investors who utilize decentralized financial services and products.

    Today’s participants will provide knowledge and insight about DeFi’s development and the existing regulatory barriers preventing growth. Such contributions will help the Commission attempt to strike the proper balance between its role as a regulator and its mandate to foster competition, efficiency, and capital formation.

    In DeFi, there is a new landscape of opportunities. People can transact directly with each other without relying on banks or other centralized intermediaries. The Commission should not refrain from engaging in oversight of novel areas simply because it involves thinking outside the existing framework.[3] The legacy regulatory regime under the federal securities laws presupposes the existence and necessity of numerous intermediaries. I look forward to hearing from today’s panelists as to whether such presumptions remain necessary.

    For example:

    1. In which types of situations do DeFi systems and smart contracts potentially eliminate the need for a financial intermediary and how?
    2. In what situations should DeFi systems be deemed to fall outside the scope of the securities laws?
    3. What key safeguards are necessary when the securities laws apply to these arrangements?

    Lewis and Clark’s journey took time to complete and carved out an important path to facilitate westward expansion. In so doing, they provided a valuable contribution to American progress. Today’s roundtable reflects the SEC’s commitment to continued progress and its willingness to consider the role of emerging technologies. As the Commission continues to move through the regulatory wilderness, it should remain true to its mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation in its efforts to respond to market innovation.

    Thank you and I look forward to the conversation.

    [1] My remarks today reflect my views as an individual Commissioner and not necessarily the views of the full Commission or my fellow Commissioners.

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI: Micropolis Holding Company Announces Receipt of Audit Opinion with Going Concern Explanation

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, June 09, 2025 (GLOBE NEWSWIRE) — Micropolis Holding Company (“Micropolis” or the “Company”) (NYSE American: MCRP), a pioneer in unmanned ground vehicles and AI-driven security solutions, today announced that, as previously disclosed in its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, which was filed on May 8, 2025 with the Securities and Exchange Commission (the “2024 Annual Report”), the Company’s audited financial statements contained an audit opinion from its independent registered public accounting firm that included an explanatory paragraph related to the Company’s ability to continue as a going concern. See further discussion in Note 3 to the Company’s financial statements included in the 2024 Annual Report. This announcement is made pursuant to NYSE American LLC Company Guide Sections 401(h) and 610(b), which requires public announcement of the receipt of an audit opinion containing a going concern paragraph. This announcement does not represent any change or amendment to the Company’s financial statements or to its 2024 Annual Report.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Micropolis’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    About Micropolis Holding Company

    Micropolis is a UAE-based company specializing in the design, development, and manufacturing of unmanned ground vehicles (UGVs), AI systems, and smart infrastructure for urban, security, and industrial applications. The Company’s vertically integrated capabilities cover everything from mechatronics and embedded systems to AI software and high-level autonomy.

    For more information please visit www.micropolis.ai.

    Investor Contact:
    KCSA Strategic Communications
    Valter Pinto, Managing Director
    PH: (212) 896-1254
    Valter@KCSA.com

    Media Contact:
    Jessica Starman
    media@elev8newmedia.com

    The MIL Network –

    June 10, 2025

  • MIL-OSI USA: Reps. David Scott, Scanlon, Frost, and Adams Introduce Legislation to Expand Student Access to Music and Arts Education

    Source: United States House of Representatives – Congressman David Scott (GA-13)

    WASHINGTON D.C. — Today, Congressman David Scott (GA-13), alongside Congresswoman Mary Gay Scanlon (PA-05), Congressman Maxwell Frost (FL-10), and Congresswoman Alma Adams (NC-12), announced the introduction of the Reimagining Inclusive Arts Education Act. The bill expands access to music and arts education for students across the nation, particularly in historically underserved and underfunded communities.

    The Reimagining Inclusive Arts Education Act will provide Department of Education grants to support the professional development of arts educators. The bill allows program funding that expands inclusive curricula, innovative adaptation of lesson plans, and unique arts lesson accommodations for a wider variety of students. Importantly, the bill prioritizes funding for Title I schools to ensure educators with fewer resources have access to professional development opportunities.

    “Decades of research show that students who are involved in arts education perform better academically, have improved emotional well-being, and are better prepared for careers in a 21st-century economy,” said Congressman David Scott. “Regardless of their abilities, students deserve equal access to visual Arts, theatre, dance, and music, all of which are all integral components to a well-balanced curriculum. The Reimagining Inclusive Arts Education Act will provide arts educators with the tools needed to make their lessons accessible to all students. The bill has the capacity to push young minds to think critically and socialize—skills that are crucial for students with disabilities who may be left out of other avenues of expression.”

    “Art programs in schools can provide important benefits for intellectual development – especially for young people with disabilities,” said Congresswoman Mary Gay Scanlon. “Unfortunately, many schools lack basic resources and funding to maintain these programs. I’m proud to partner with Reps. Scott, Frost, and Adams on this legislation to help our schools fill the funding gaps, ensure equitable accessibility for students with disabilities, and set up our children for success in the future.”

    “The arts provide a platform for creativity and solidarity, and as someone who attended an arts school growing up, I know how important it is for students to have the space and opportunity to express themselves. By making intentional investments in our arts educators and therapists, we ensure that every student, especially those with disabilities, can harness their creativity and thrive,” said Congressman Maxwell Frost. “I’m proud to cosponsor this Reimagining Inclusive Arts Education Act so we can build a more inclusive, accessible arts education system where every student can experience the power and joy of the arts.”

    “As a former art professor of 40 years, I’ve seen firsthand the profound impact arts have when they’re accessible to everyone,” said Congresswoman Alma Adams. “Every student, no matter ability, should have the opportunity to have arts in their life. I’m proud to support the Inclusive Arts Education Act so we can create inclusive, art-filled classrooms in schools across the country.”

    “The National Association for Music Education (NAfME) stands in strong support of the Reimagining Inclusive Arts Education Act, reintroduced by Congressman David Scott (GA-13)” said NAfME President Deb Confredo. “This bill speaks to the fundamental right of all children to effective arts education. Grants stemming from this bill would fund professional development for arts educators and creative arts therapists in their mission to provide innovative, inclusive, high quality, and accessible arts education experiences for all and, in particular, those children with disabilities. Research demonstrates that the outcomes of systematic and purposeful arts education are highly positive and far-reaching, often fostering growth in social skills, problem solving, creativity, team building, and cooperation, while physical, mental, and emotional health are often fortified. Funds designated through this bill would substantiate that the arts benefit all children, and especially those with disabilities. NAfME urges the 119th Congress to adopt this legislation as an investment in humanity and a demonstration of the belief in unity made more attainable through the arts.”

    “The American Music Therapy Association is very pleased to support the Reimagining Inclusive Arts Education Act,” stated Judy Simpson, Director of Government Relations. “This important legislation will support innovative and inclusive creative arts therapies provided by credentialled music therapists, art therapists, dance/movement therapists, and drama therapists for children with disabilities.  Expanding opportunities for these unique learning interventions will improve students’ ability to successfully access education and achieve academic goals.”

    “The Reimagining Inclusive Arts Education Act opens doors for students with disabilities to engage fully in high-quality arts education,” said Erin Harkey, CEO of Americans for the Arts. “This legislation strengthens mental health, boosts academic success, and nurtures the development of well-rounded individuals. We’re proud to support Congressman Scott’s leadership in advancing professional development for arts educators and creative arts therapists—building more inclusive classrooms where all students can succeed.”

    Endorsing Organizations: American Music Therapy Association, Americans for the Arts, Arkansas Music Education Association, Arts Alliance Illinois, Arts Ed NJ, Arts Education in Maryland Schools, Arts North Carolina, California Music Education Association, Council of Administrators of Special Education, Cure SMA, DC Music Education Association, Delaware Music Educators Association, Education Theatre Association, El Sistema USA, The Feierabend Association for Music Education, Florida Music Education Association, Georgia Music Educators Association, Guitars and Ukes in the Classroom, Hip-Hop Education Center, Ingenuity Inc., JazzSLAM, J.W. Pepper, Kansas Music Educators Association, Kentucky Music Educators Association, Kindermusik International, The Lang Lang International Music Foundation, League of American Orchestras, Maryland Music Educators Association, Massachusetts Music Educators Association, Mental Health Association of Central Florida, Michigan Music Educators Association, Montana Music Educators Association, Music Teachers National Association, Music Travel Consultants, Music Will, National Arts Education Association, National Association for Media Arts Education, National Association for Music Educators, National Center for Learning Disabilities, National Dance Education Organization, National Down Syndrome Congress, National Guild for Community Arts Education, National Music Council of the United States, Nevada Music Educators Association, New Hampshire Music Educators Association, New Jersey Music Educators Association, New York State School Music Association, North Carolina Music Education Association, Ohio Music Educators Association, OPERA America, Oregon Music Educators Association, Pennsylvania Music Educators Association, Percussive Arts Society, Rhode Island Music Educators Association, Save the Music, South Dakota Music Educators Association, Springfield Symphony Orchestra, TASH, Utah Music Educators Association, Vermont Music Educators Association, Vermont Music Educators Association, The Viscardi Center and Henry Viscardi School, Young Audiences Arts for Learning

    Full text of the bill can be found HERE.

    ###

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI USA: PRESS RELEASE: Democrats Demand Action on Cost-of-living Crisis, Warn That Trump’s One Big Ugly Bill Will Drive Prices Even Higher

    Source: United States House of Representatives – Representative Nanette Diaz Barragán (CA-44)

    Collegeville, PA – Today, the House Democratic Steering and Policy Co-Chairs, Congresswomen Debbie Wasserman Schultz (FL-25), Robin Kelly (IL-02) and Nanette Barragán (CA-44), led a roundtable discussion with local leaders and stakeholders impacted by the Trump Tariffs and Republican threats to cut Medicaid and SNAP. Witnesses warned that the Republican ‘One Big Ugly Bill’ would only exacerbate the cost-of-living crisis for Pennsylvania’s working families.

    Congresswoman Madeleine Dean (PA-04) hosted the committee’s field hearing, and took testimony from community leaders who work directly helping people meet their basic needs to hear how the cost-of-living crisis would worsen with the Republican tax scam to slash Medicaid and food assistance while giving huge new tax breaks to billionaires.

    “At a time when families need stability, President Trump has thrown our economy into turmoil with reckless tariffs that continue to decimate retirement and college savings accounts,” said Dean. “Meanwhile, Trump and Republicans are pushing their ‘Big Ugly Bill,’ which will kick more than 300,000 Pennsylvanians off their healthcare and rip away food assistance from 140,000 of our neighbors. We should be fighting to lower costs for working families — not spiking prices and financing another tax break for the wealthy.”

    “Republicans are not interested in making life more affordable for American families. Trump’s One, Big, Ugly bill will take away food and rental assistance, and life-saving health care from millions of Americans,” said Barragán. “House Republicans have refused to work with Democrats to deliver solutions that support hardworking Americans. Seniors, children, and veterans will bear the burden of higher costs of food, healthcare, and housing while Trump’s billionaire donors get richer.”

    “Grocery checkout lines and the fear of falling ill are still major sources of financial anxiety for families, yet the Republican response is to give the wealthiest Americans a tax break windfall and pay for it by taking affordable health care and food assistance from millions of people. It’s a cruel, deplorable and fiscally irresponsible response, and we heard that message loud and clear today in Pennsylvania,” said Wasserman Schultz. “Far from lowering costs, Trump’s chaotic economic policies are driving recessionary fears, and Republicans’ ‘Big Ugly Bill’ would steal health care from 16 million Americans and deny food assistance to millions more. The net effect makes life even harder for paycheck-to-paycheck workers.”

    “President Trump promised to lower the cost of living on Day One. He lied,” said Kelly. “Instead, Americans are paying the cost of his shortsighted trade war at the checkout counter while Republicans in Congress attack food assistance and healthcare. This is a recipe for a cost-of-living disaster, yet Republicans’ solution is to give more tax breaks to the well-off and well-connected. I, alongside my Democratic colleagues, will continue to travel across the country to hear directly from the American people and bring their concerns back to Washington with real solutions.”

    The Steering and Policy Committee has gone on the road to hear from the American people, convening a town hall in California and a hearing in Virginia exposing the extreme Republican agenda. The Steering and Policy Committee will continue to travel the nation in the months ahead to reach the American people where they live and hear from them directly.

    The full video of today’s hearing can be found here.

    ###

    MIL OSI USA News –

    June 10, 2025
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