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Category: Transport

  • MIL-OSI USA: Reps. Jimmy Gomez And Bipartisan Coalition Of 200+ Lawmakers Call On Trump Admin To Save Job Corps

    Source: United States House of Representatives – Congressman Jimmy Gomez (CA-34)

    WASHINGTON, DC – Today, Representative Jimmy Gomez (CA-34) joined the co-chairs of the bipartisan Congressional Job Corps Caucus, Representatives Sanford D. Bishop, Jr. (GA-02) and Brett Guthrie (KY-02), as well as 198 other colleagues in a bipartisan effort urging U.S. Department of Labor Secretary Lori Chavez-DeRemer to continue the Job Corps program.

    On May 29, the U.S. Department of Labor issued a notice that it will begin a phased pause in operations at contractor-operated Job Corps centers across the country. Job Corps is a national program with over 120 centers across the country. Job Corps offers at-risk youth varied academic opportunities and career pathways in business and industry.

    In their letter, they highlighted, “Nearly 20,000 young people utilize Job Corps to learn skills for in-demand vocational and technical job training. Job Corps is one of the few national programs that specifically targets the 16-24-year-old population that is neither working, nor in school, and provides them with a direct pathway into employment openings in industries such as manufacturing and shipbuilding. The program also connects these young Americans with apprenticeships, higher education opportunities, or the military.”

    The members of Congress also noted, “As companies continue to onshore and invest in the men and women of our country, a steady stream of skilled laborers will be required to meet the growing workforce demand. The Job Corps program is uniquely positioned to fill that role and provide these hardworking young Americans with the vocational and technical job training that will set them and our country up for success.”

    The Jun. 5 letter to Secretary Chavez-DeRemer can be viewed here.

    ###

    MIL OSI USA News –

    June 6, 2025
  • MIL-OSI USA: Congressman Jonathan L. Jackson Denounces Potential Closure of Chicago Job Corps Center, Calls for Congressional Action to Protect Vital Program

    Source: United States House of Representatives – Representative Jonathan Jackson – Illinois (1st District)

    WASHINGTON, D.C. – Congressman Jonathan L. Jackson (IL-01) today vehemently condemned the recent decision by the Department of Labor, stemming from the Trump administration’s proposed budget cuts, to phase out operations at Job Corps centers across the nation, including the Paul Simon Chicago Job Corps Center. This move threatens to displace hundreds of young Chicagoans, disrupt critical job training and educational opportunities, and exacerbate economic hardship within the broader Chicago community.

    The Paul Simon Chicago Job Corps Center has been a beacon of hope and a ladder to opportunity for countless individuals in our city. The center serves approximately 500 students annually, equipping them with the skills necessary to achieve economic self-sufficiency and contribute meaningfully to our communities.

    “The decision to shutter the Paul Simon Chicago Job Corps Center is a cruel and counterproductive blow to the young people of Chicago, particularly those in underserved communities within the First District who rely on its services,” said Congressman Jackson. “At a time when we should be investing in workforce development and creating pathways out of poverty, this action does the exact opposite. It risks rendering students homeless and derailing their futures. This is not just an attack on a program; it’s an attack on the aspirations of our youth and the economic well-being of our city.”

    The history of Job Corps in Chicago is rich with success stories of individuals who have overcome significant barriers to achieve stability and success. Nationally, Job Corps has a proven track record, with studies demonstrating positive impacts on participants’ educational attainment, employment rates, and earnings, while reducing involvement in the criminal justice system. The closure of the Chicago center would sever a vital link for many young people to these life-changing opportunities.

    Congressman Jackson expressed his strong support for the recent federal court decision to issue a temporary restraining order:

    “The court’s intervention provides a crucial, albeit temporary, reprieve. It underscores the reckless nature of this decision and the irreparable harm it would cause,” stated Congressman Jackson. “However, a temporary stay is not a permanent solution.”

    Congressman Jackson is calling on his colleagues in Congress to take immediate and decisive action to protect and fully fund the Job Corps program. He has noted his support for legislative efforts such as H.R. 2281, the “Strengthening Job Corps Act of 2025,” which aims to reauthorize and enhance the program.

    “We cannot stand idly by while essential programs like Job Corps are dismantled,” Congressman Jackson urged. “I call on Congressional leadership to bring forward legislation that safeguards the future of Job Corps and ensures that centers like the Paul Simon Chicago Job Corps Center can continue their invaluable work. Investing in our young people is an investment in the future of Chicago and our nation. Now is the time to strengthen these programs, not abandon them.”

    ###

    MIL OSI USA News –

    June 6, 2025
  • MIL-OSI USA: Senator Murkowski and Colleagues Introduce Bipartisan Bill to Improve Access to Eating Disorder Care for Seniors and People with Disabilities

    US Senate News:

    Source: United States Senator for Alaska Lisa Murkowski

    06.05.25

    Washington, D.C. – U.S. Senators Lisa Murkowski (R-AK), Maggie Hassan (D-NH), Amy Klobuchar (D-MN), and Shelley Moore Capito (R-WV) reintroduced a bipartisan bill to improve access to care for seniors and people with disabilities who are living with eating disorders. The bipartisan 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 are complex and often overlooked illnesses that can severely impact Alaskans of all ages, including our seniors and those living with disabilities. We are reintroducing the bipartisan Nutrition CARE Act to enhance access to medical nutrition therapy, which is particularly important in states like mine where resources are limited. This legislation will offer tailored treatment options that address specific needs, promoting recovery and improving health outcomes. We must continue to break the stigma surrounding eating disorders and ensure that everyone receives the comprehensive care they deserve,” said Senator Murkowski.

    “Eating disorders can have life-threatening impacts on Americans’ health, including for older people and individuals who experience disabilities, and it’s important to ensure that all Americans have access to the tools necessary to lead healthy lives,” said Senator Hassan. “This bipartisan legislation will better support seniors and people who experience disabilities who are struggling with eating disorders so that they can get the help that they need.”

     “Eating disorders harm the health of millions of Americans, regardless of their age or background. Our bipartisan legislation will ensure that seniors and people living with disabilities who struggle with eating disorders have access to medical nutrition therapy and life-saving treatment options through Medicare, to get them on the road to recovery,” said Senator Klobuchar.

    “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,” said Senator Capito.

    “Eating disorders are often overlooked or undertreated. The Nutrition CARE Act increases equity in eating disorders care and will directly save lives of seniors and those with disabilities,” said Jess Rude, Executive Director, Alaska Eating Disorders Alliance. “Senator Murkowski is dedicated to efforts for lasting recovery for eating disorders, and we are grateful she is leading legislation that includes nutrition therapy, a critical component in providing effective treatment of eating disorders alongside mental and physical health care.”

    “I am very thankful to Senator Hassan for her unwavering dedication to championing and reintroducing the Nutrition CARE Act. For far too long, individuals struggling with a mental health disorder they never chose have been left without the support they need,” said Johanna Kandel, Founder and CEO of the National Alliance for Eating Disorders. “This crucial legislation will ensure that older adults and individuals with disabilities battling eating disorders finally gain access to medical nutrition therapy, a vital component of the treatment process.”

    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 6, 2025
  • MIL-OSI USA: June 05, 2025 Rep. Mullin Leads Clean Energy and Climate Initiatives in the FY26 Appropriations Package  Washington, D.C. – On World Environment Day, U.S. Rep. Kevin Mullin announced a series of federal initiatives he’s leading to accelerate climate solutions and clean energy innovation.   As part of the House Appropriations process for Fiscal Year 2026, Rep. Mullin… Read More

    Source: United States House of Representatives – Representative Kevin Mullin California (15th District)

    Washington, D.C. – On World Environment Day, U.S. Rep. Kevin Mullin announced a series of federal initiatives he’s leading to accelerate climate solutions and clean energy innovation.  

    As part of the House Appropriations process for Fiscal Year 2026, Rep. Mullin led 21 lawmakers in submitting a range of funding requests, including several that were bipartisan, that seek to enhance America’s environmental leadership, speed our transition to clean energy, and promote the well-being of communities across the nation. 

    “We must invest in innovative, science-based solutions to help combat the climate crisis, preserve our planet and strengthen America’s global competitiveness,” said Rep. Mullin. “My funding requests reflect the urgent need to modernize our energy systems, protect public health, and lead the world in clean technology development.” 

    The House Appropriations Committee will now review these requests for consideration in the FY26 Appropriations package.   

    Marine Carbon Dioxide Removal Research  
    Rep. Mullin co-led a bipartisan request to increase funding for research and development of marine carbon removal technologies within the National Oceanic and Atmospheric Administration (NOAA). Oceans are our planet’s largest carbon sink, and advancing marine-based solutions can restore ecosystems, capture atmospheric carbon, and benefit coastal economies. 

    Solar and Wind Grid Integration Programs  
    Proposed clean energy projects could double the nation’s power supply, but it takes an average of 5 years to connect them to the grid. Rep. Mullin is requesting robust funding for Solar and Wind Energy Systems Integration programs through the Department of Energy (DOE). These funds would support technologies that enable faster, more secure integration of renewable energy into the grid, helping to meet climate goals and stabilize energy infrastructure.  

    Standardizing Communication for Grid-Connected Devices  
    Rep. Mullin is supporting efforts within the Department of Energy to standardize communication between smart devices – such as electric vehicle chargers, smart thermostats, and home batteries – and the electric grid.  Standardization will improve grid capacity and flexibility, which would boost efficiency and help avoid costly upgrades to transmission infrastructure. 

    Environmental Health Sciences Core Centers Rep. Mullin is requesting $42 million for the National Institute of Health’s Environmental Health Sciences Core Centers, which are at the forefront of research into how pollutants like PFAS and microplastics affect human health. Their work is vital to understanding and preventing chronic diseases, which are the leading cause of death and a major driver of U.S. healthcare costs. 

    Groundwater Rise Report 

    In coastal regions across the country, rising seas and extreme rainfall are causing groundwater levels to rise, which increases risks to public health, infrastructure and trillions of dollars in property. Rep. Mullin requests $2 million for the U.S. Geological Survey to  forecast groundwater rise nationally and better prepare communities.  

    Digital Coast Program  

    Rep. Mullin co-led a bipartisan request for robust funding for NOAA’s Digital Coast Program, a popular program that leverages geographical information systems (GIS) to collect and analyze data. The program consolidates and makes publicly available information that helps coastal managers better plan for storms, flooding, natural disasters and other challenges that impact vulnerable communities.  

    Next-Generation Solar Demonstrations  
    Solar energy is a critical tool for American defense applications. Rep. Mullin is requesting at least $40 million to support demonstrations of next-generation solar technology in the military. 

    ### 

    MIL OSI USA News –

    June 6, 2025
  • MIL-OSI United Nations: 5 June 2025 News release WHO calls for urgent protection of Nasser Medical Complex and Al-Amal Hospital in the Gaza Strip

    Source: World Health Organisation

    WHO warns that the Gaza Strip’s health system is collapsing, with Nasser Medical Complex, the most important referral hospital left in Gaza, and Al-Amal Hospital at risk of becoming non-functional. There are already no hospitals functioning in the north of Gaza.

    Nasser and Amal are the last two functioning public hospitals in Khan Younis, where currently most of the population is living. Without them, people will lose access to critical health services.

    While these hospitals have not received orders to evacuate patients or staff, they lie within or just outside the evacuation zone announced on 2 June. Israeli authorities have informed the Ministry of Health that access routes leading to both hospitals will be obstructed. As a result, safe access for new patients and staff will be difficult, if not impossible. If the situation further deteriorates, both hospitals are at high risk of becoming non-functional, due to movement restrictions, insecurity, and the inability of WHO and partners to resupply or transfer patients.

    Nasser and Al Amal hospitals are operating above their capacity, while people with life-threatening injuries continue to arrive to seek urgent care amid a dire shortage of essential medicines and medical supplies. The hospitals going out of service would have dire consequences for patients in need of surgical care, intensive care, blood bank and transfusion services, cancer care, and dialysis.

    Losing the two hospitals would cut 490 beds, reducing the Gaza Strip’s overall hospital bed availability to less than 1400 hospital beds (40% less hospital beds available in the Gaza Strip than before the start of the conflict), for the entire population of 2 million people.

    The relentless and systematic decimation of hospitals in Gaza has been going on for too long. It must end immediately. For over 20 months, health workers, WHO, and partners have managed to keep health services partly running despite extreme conditions. But repeated attacks, escalating hostilities, denial of aid, and restricted access have systematically dismantled the health system.

    WHO calls for urgent protection of Nasser Medical Complex and Al-Amal Hospital to ensure they remain accessible, functional and safe from attacks and hostilities. Patients seeking refuge and care to save their lives must not risk losing them trying to reach hospitals. Hospitals must never be militarized or targeted.

    WHO calls for the delivery of essential medicines and medical supplies into Gaza to be immediately expedited safely and facilitated through all possible routes.

    WHO calls for an immediate and lasting ceasefire.

    Notes to editors

    • Only 17 of Gaza’s 36 hospitals are currently partially functional. Of these, just five, including Nasser Medical Complex and Al-Amal Hospital, are major referral facilities, accounting for 75% of all the Gaza Strip’s hospital beds.
    • Nasser Medical Complex is operating at 180% over bed capacity and Al Amal Hospital is at 100%.
    • Currently, one national and four international Emergency Medical Teams are deployed at Al-Amal and Nasser hospitals as part of efforts to provide specialized care and strengthen hospital capacity.
    • Acute shortages of essential medicines and medical supplies are severely disrupting health services in all hospitals, while about 50 WHO trucks of supplies await at Al-Arish and in the West Bank.

    MIL OSI United Nations News –

    June 6, 2025
  • MIL-OSI USA: Huffman, Padilla, Schiff, Heinrich Call on Trump Admin to Reverse Unlawful Approval of Mining in Mojave National Preserve

    Source: United States House of Representatives – Congressman Jared Huffman Representing the 2nd District of California

    June 05, 2025

    Washington, D.C. – Rep. Jared Huffman (D-Calif.-02), Ranking Member of the House Natural Resources Committee, U.S. Senators Alex Padilla (D-Calif.), a member of the Senate Energy and Natural Resources (ENR) Committee, Adam Schiff (D-Calif.), and Martin Heinrich (D-N.M.), Ranking Member of the Senate ENR Committee expressed serious concern over the Bureau of Land Management’s (BLM) unlawful approval of mining activities by Dateline Resources inside the Mojave National Preserve and demanded they rescind their approval. In their letter to Secretary of the Interior Doug Burgum, the lawmakers also called on Interior to comply with federal mining law, conduct a full mineral validity exam, reaffirm the National Park Service’s (NPS) authority over mining operations in the Preserve, and explain their legal rationale for permitting Dateline Resources mining activity.

    “We write with serious concern regarding the Bureau of Land Management’s (BLM) recent press release announcing BLM’s ‘approval’ of mining activity by Dateline Resources within Mojave National Preserve,” wrote the lawmakers. “This action appears to violate federal law, disregards National Park Service (NPS) authority, and sets a dangerous precedent for industrial development in lands that Congress has designated as worthy of inclusion in the National Park System.”

    Congress created the Mojave National Preserve in 1994 through the late Senator Dianne Feinstein’s California Desert Protection Act (CDPA), which transferred the land from BLM to NPS, helping support rare plant species and vital wildlife corridors. The law clearly states that any mining within the Preserve must comply with the Mining in the Parks Act, meaning companies with preexisting claims must conduct a mineral validity exam and obtain an NPS-approved plan of operations before any surface-disturbing activity can occur.

    Despite these requirements, BLM recently approved rare earth mineral exploration by Dateline Resources, an Australian company, based on a 1985 BLM plan of operations that predates the Preserve’s creation and only covers the extraction of gold. Dateline recently announced plans to begin exploratory drilling, despite lacking a valid NPS-approved plan or proof of the existence of a valuable mineral deposit, as the Mining in the Parks Act requires.

    “Congress set aside these lands and entrusted them to the NPS for permanent protection, not as a zone for future industrial exploitation,” continued the lawmakers.

    The lawmakers also criticized Secretary Burgum for backtracking on his commitments to safeguard America’s national parks.

    “This is not only illegal, but it directly contradicts a commitment you made during your confirmation hearing to ‘protect every inch of our national parks.’ Approving a foreign-owned company’s speculative mining project inside a national park in this way is clearly inconsistent with that promise and threatens future speculative actions across other national parks,” added the lawmakers.

    Local leaders expressed their strong support for Padilla, Schiff, Heinrich, and Huffman’s effort to protect the Mojave National Preserve from this unlawful mining activity.

    “We applaud Senator Padilla and congressional leaders for defending our beloved Mojave National Preserve from unchecked destruction by the Trump administration,” said Chance Wilcox, California Desert Program Manager for the National Parks Conservation Association. “In promoting speculative, damaging mining in our National Park System, the administration is pushing aside not only the legal protections afforded to this biodiverse landscape, but also the American people who love their parks. The administration’s misguided effort gives an Australian company a free pass to mining in one of America’s largest national park sites while saddling taxpayers with the clean-up costs.” 

    “I spent my entire career in the National Park Service and was Superintendent of Mojave National Preserve for over a decade,” said Mary Martin, Retired National Park Service Official. “Speculative mining should have no place in our country’s most spectacular places – our national parks. It is infuriating that the Trump administration is urging an Australian mining company to drill and bulldoze this national park. This is nothing short of illegal and a betrayal of all Americans who own these national parks.”

    “The Clark mountain range is one of California’s most botanically important areas, estimated to harbor the second-highest density of rare plants of any of the state’s mountain ranges,” said Jim Andre, Director of UC Riverside’s Granite Mountains Desert Research Center. “The eastern Mojave Desert is also a global hotspot for new species discovery, where 15% of the vascular plant species have yet to be discovered. Will we know what we’ve lost if we bulldoze this area? They’re not just prized luxury items, they’re actually a functional part of the ecosystem that are supposed to be protected for the benefit of all Americans.”

    Full text of the letter is available here.

    ###



    Previous Article

    MIL OSI USA News –

    June 6, 2025
  • MIL-OSI USA: Travel Advisory Reminder: RIDOT Paving Route 7 in Smithfield and North Providence

    Source: US State of Rhode Island

    Daytime and evening lane closures planned

    The Rhode Island Department of Transportation (RIDOT) is reminding motorists of ongoing paving operations on a section of Route 7 (Douglas Pike) in Smithfield. The work is part of a larger project to pave more than 11 miles on Route 7 in North Smithfield, Smithfield and North Providence.

    Work will take place during evening and overnight hours from 8 p.m. to 5 a.m., on Sunday through Thursday nights only. Sections of Route 7 may be closed with detours posted, especially after 10 p.m. In the next week, work will focus on the section of Route 7 from Twin River Road in Smithfield to Mineral Spring Avenue in North Providence. Specific detour information throughout the duration of this project will be posted at www.ridot.net/TravelAdvisories#NorthernRI.

    The entire project represents a $19.9 million investment in the Route 7 corridor, with ADA accessibility improvements, new traffic signals, repairs to existing sidewalks and a complete resurfacing of the road. RIDOT completed paving from the Burrillville/North Smithfield line to I-295 last year. The section from I-295 to Mineral Spring Avenue will be under construction from late May through late June, and work on the section from Mineral Spring Avenue to the North Providence/Providence line will begin shortly after Independence Day and finish in August. The entire project will be done by late summer.

    All construction projects are subject to changes in schedule and scope depending on needs, circumstances, findings, and weather.

    The Route 7 Corridor project is made possible by RhodeWorks. RIDOT is committed to bringing Rhode Island’s infrastructure into a state of good repair while respecting the environment and striving to improve it. Learn more at www.ridot.net/RhodeWorks.

    MIL OSI USA News –

    June 6, 2025
  • MIL-OSI USA: Federal Jury Convicts Pakistani Weapons Smuggler of Transporting Iranian Advanced Conventional Weapons Destined for the Houthis in Yemen

    Source: US State of California

    A federal jury convicted a Pakistani national today on charges related to smuggling Iranian-made advanced conventional weaponry destined for the Houthis in Yemen and threatening multiple witnesses.

    According to court records and evidence presented at trial, on the night of Jan. 11, 2024, U.S. Central Command Navy forces operating from the USS LEWIS B. PULLER, including Navy SEALs and members of the U.S. Coast Guard Maritime Security Response Team East, boarded an unflagged dhow, a small vessel, in the Arabian Sea off the coast of Somalia. The U.S. boarding team encountered 14 individual mariners on the vessel, including the captain, Muhammad Pahlawan, 49.

    During a search of the dhow, the U.S. boarding team located and seized Iranian-made advanced conventional weaponry, including ballistic missile components, anti-ship cruise missile components, and a warhead. The type of weaponry found aboard the dhow is consistent with the weaponry used by the Houthi rebel forces during the time of the charged conspiracy against merchant ships and U.S. military ships in the Red Sea and Gulf of Aden after the October 7 Hamas attack in Israel.  During the interdiction, Pahlawan lied to the boarding team, instructed other crewmembers to lie, and eventually threatened the lives of his crewmembers and their families.

    Pahlawan’s January 2024 trip was part of a larger operation. From in or around August 2023 through in or around January 2024, Pahlawan worked with two Iranian brothers, Shahab Mir’kazei (Shahab), and Yunus Mir’kazei (Yunus), affiliated with Iran’s Islamic Revolutionary Guard Corps (IRGC) to smuggle materials from Iran to the Houthi rebel forces in Yemen. Pahlawan completed multiple smuggling voyages, coordinated and funded by Shahab and Yunus, by traveling with cargo from Iran to the coast of Somalia and transporting that cargo to another vessel for a nighttime ship-to-ship transfer. Pahlawan worked with Shahab and Yunus to prepare the dhow for these smuggling voyages, received specific coordinates from them for the ship-to-ship transfers, and received multiple payments from them for his role in the smuggling operation.

    Pahlawan was convicted of: conspiring to provide material support and resources to terrorists, providing material support and resources to Iran’s weapons of mass destruction program, providing material support to the Islamic Revolutionary Guard Corps’s weapons of mass destruction program, conspiring to and indeed transporting explosive devices to the Houthis knowing those explosives would be used to cause harm, and threatening his crew. He is scheduled to be sentenced on Sept. 22 and most statutes of conviction include a maximum penalty of 20 years in prison. A federal district court judge will determine sentences after considering the U.S. Sentencing Guidelines and other statutory factors.

    Sue J. Bai, head of the Justice Department’s National Security Division, U.S. Attorney Erik S. Siebert for the Eastern District of Virginia, Assistant Director Donald M. Holstead of the FBI’s Counterterrorism Division; and Assistant Director in Charge Steven J. Jensen of the FBI Washington Field Office made the announcement.

    Assistant U.S. Attorneys Troy A. Edwards Jr. and Gavin R. Tisdale for the Eastern District of Virginia and Trial Attorney Joseph N. Kaster of the National Security Division’s Counterterrorism Section are prosecuting the case. Former Eastern District of Virginia prosecutor Danya Atiyeh and former National Security Division Trial Attorney Lesley Woods supported the case.

    The following government agencies provided invaluable support to the case: the Justice Department’s Office of International Affairs, the Naval Criminal Investigative Service, the Department of Defense, the Diplomatic Security Service, the Department of Homeland Security, and the Department of State.

    MIL OSI USA News –

    June 6, 2025
  • MIL-OSI Security: FBI and Local Partners Interrupt IED and Mass Shooting Event

    Source: US FBI

    The FBI Portland Field Office and local law enforcement partners arrested a Columbia County, Oregon, juvenile who conspired to conduct an improvised explosive attack and mass shooting at the Three Rivers Mall in Kelso, Washington, on May 22, 2025.

    The teen, whose name will not be released due to an effort to limit public disclosure of a minor, was arrested on the morning of May 22, 2025, by deputies from the Columbia County Sheriff’s Office.

    The detailed and imminent attack plans were reported to the FBI on May 19, 2025. Immediately, the FBI began working with our partners to identify the suspect who was responsible for the threat. The subject was identified the next day, May 20, as a juvenile Columbia County resident who shared nihilistic violent extremist ideology and the plans in online chats. The suspect was placed under court-authorized surveillance for public
    safety concerns, and a federal search warrant was planned and executed on May 22, 2025, prior to the arrest.

    The suspect demonstrated the intent and means to carry out their plan, which included precise details such as a map of the mall, a route the shooter would follow, a plan to use an improvised explosive device commonly known as a chlorine bomb to incite panic, and then to shoot mall patrons as they were exiting the movie theatre before ultimately committing suicide at a pre-determined location in the mall.

    An alarming amount of indicators of a cogent path to violence were met—at no point in this plan did it seem like the suspect wouldn’t follow through with their plans. 

    “This plot was as serious as it gets,” said FBI Portland Special Agent in Charge Douglas A. Olson. “We, along with our partners, moved swiftly to interrupt this violent plan and to protect our community.” 

    Initial contact with the subject was made by the FBI, however the arrest was made by local law enforcement on state charges.

    The FBI encourages the public to report suspicious behavior to law enforcement and for parents to engage with their children and have an open dialogue about their online activity.

    The Columbia County District Attorney’s office is prosecuting this case.

    MIL Security OSI –

    June 6, 2025
  • MIL-OSI: Crypto Casino Trends 2025: Winna Prioritizes Speed and Privacy Over Flashy Bonuses

    Source: GlobeNewswire (MIL-OSI)

    Las Vegas, NV, June 05, 2025 (GLOBE NEWSWIRE) — Among several new entrants, Winna reflects a growing trend in crypto gambling: fast crypto payouts, privacy-centric onboarding, and a focus on esports betting. Its instant withdrawal time and privacy-first approach have earned it top rankings as the best crypto casino for players seeking speed and discretion.

    Winna’s streamlined interface, blockchain-native architecture, and smart bonus structures position it not just as an alternative—but as a frontrunner in the race for the best crypto casino experience.


    Platform Overview: Winna – A Crypto Casino for Modern Gamblers

    Winna is a lean, high-performance gambling platform tailored for cryptocurrency users. From its clean UI to its turbo-fast transactions, everything is built to match the expectations of today’s crypto-native players.

    Platform Highlights:

    • Launch: 2024
    • License: Tobique Gaming License
    • Game Library: 2,000+ titles (slots, tables, live games, esports, sportsbook)
    • Crypto Accepted: BTC, ETH, DOGE, USDT, SOL, BNB, TRX, LTC, USDC 
    • Average Withdrawal Time: <10 minutes
    • Verification: No KYC for crypto users

    As a top-rated crypto casino, Winna competes directly with longer-established platforms by excelling in three areas: speed, privacy, and personalized rewards.


    Why Winna Is the Crypto Casino for Privacy and Payout Speed

    Online forums, Telegram groups, and gambling review sites consistently highlight why Winna is emerging as one of the best crypto casinos on the market:

    • Verified Fast Withdrawals:
      Crypto users report consistent sub-10-minute withdrawal speeds. Bitcoin withdrawals often complete in under 12 minutes, placing Winna among the fastest-paying crypto casinos today.
    • No-KYC Simplicity:
      Players register with just an email—no documents, no verification delay. This level of anonymity is rare, even among so-called best crypto casino options.
    • Game Quality and Focus:
      Rather than padding its numbers with low-tier games, Winna offers over 2,000 high-quality titles. Feedback from early users helped shape its game portfolio, emphasizing high-RTP slots and competitive esports betting—features core to any best crypto casino rating.
    • Crypto-Friendly Promotions:
      Bonuses are structured with crypto players in mind. Instead of convoluted fiat-like wagering requirements, Winna’s promos reward play activity, not paperwork.
    • 24/7 Support:
      A core expectation of a best bitcoin casino is round-the-clock assistance. Winna meets this standard with live chat, email, and Telegram support in multiple languages.
    • Enterprise-Grade Security:
      With 2FA, SSL, cold wallet crypto storage, and provably fair games, Winna meets all the requirements for being a trusted and secure crypto casino.


    Bonuses That Set Winna Apart from Other Crypto Casinos

    Where many platforms offer flashy but hollow promotions, Winna focuses on value-driven bonus structures that reward real players:

    • Welcome Package:
      New players receive a 60% rakeback deal and a deposit bonus. This combination makes it one of the best bonus packages among crypto casinos.
    • Daily/Weekly Tournaments:
      Compete for share in $25,000 prize pools, win free spins, and participate in rotating slot events—standard perks among top crypto casinos.
    • Real Cashback:
      Automatic cashback on net losses increases retention and offers consistent value—a key feature of the best crypto gambling sites.
    • Esports-Focused Offers:
      Esports fans get unique bet insurance and odds boosts, positioning Winna as not just the best bitcoin casino, but one of the few built with esports bettors in mind.
    • Loyalty VIP Club:
      Earn faster payouts, exclusive tournaments, and tiered bonuses. The VIP program is a major draw for high-volume players across Reddit crypto casino communities.


    Game Library: Why Winna Delivers One of the Best Crypto Casino Experiences

    Winna may not have the biggest library, but it’s carefully built for maximum entertainment value, ensuring every title contributes to a high-quality crypto gambling experience.

    • Top-Tier Slots:
      Sweet Bonanza, Gates of Olympus, and dozens of bonus-buy, high-RTP options make Winna’s selection one of the most player-friendly in the best crypto casino category.
    • Live Dealer Games:
      Blackjack, roulette, and live game shows hosted by real dealers 24/7—streamed in HD and optimized for mobile.
    • Table Games:
      Multi-version blackjack, poker, and roulette variants allow both casual and expert players to thrive.
    • Crypto Sportsbook & Esports Betting:
      Bet on esports tournaments and real-world sports events with competitive odds and real-time stats. These features elevate Winna into the elite tier of crypto casinos with integrated sportsbooks.
    • Instant Win and Crash Games:
      Perfect for quick-session players who prefer high-volatility, fast-paced experiences.


    Crypto Support and Security: Foundation of the Winna Crypto Casino

    Accepted Coins:

    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Tether (USDT)
    • Binance Coin
    • Solana (SOL)
    • Dogecoin (DOGE)
    • Litecoin (LTC)
    • Tron (TRX)
    • USDC (USDC)

    Fiat-to-Crypto Integration (coming soon):

    • Visa
    • Apple Pay
    • Mastercard
    • Google Pay

    Security Systems:

    • SSL encryption on all data
    • Cold wallet storage of crypto funds
    • Two-factor authentication
    • Fairness-verified RNG and provably fair systems
    • GDPR-compliant data privacy protocols

    Together, these systems reinforce Winna’s role as one of the safest crypto casinos in 2025.


    Pros and Cons: Why Winna is Among the Best Crypto Casinos

    Pros Cons
    5-minute average crypto withdrawals Fiat payment features still in development
    No KYC needed for crypto play Smaller game count than legacy platforms
    Excellent esports and sportsbook features  
    High-value welcome bonus & rakeback  
    Secure, anonymous crypto transactions  
    24/7 multilingual customer support  

    Winna’s mobile-optimized site delivers full access to the platform on any device—iOS or Android. Players can launch slots, watch live dealer games, and place real-time sports bets without losing functionality or speed.


    Responsible Gambling Measures

    As expected from any best crypto casino, Winna offers built-in player protection tools:

    • Daily/monthly deposit caps
    • Session time reminders
    • Temporary and permanent self-exclusion
    • “Cool off” features for short-term breaks
    • Integration with problem gambling helplines and support networks


    FAQ – Quick Answers for Players Choosing Winna

    Is Winna the best crypto casino for 2025?
    Yes. Its speed, privacy, bonuses, and security place it among the absolute top crypto gambling sites this year.

    Are withdrawals really under 10 minutes?
    Yes. Most crypto withdrawals are processed within 6–8 minutes.

    Do I need to verify my identity?
    No. Crypto users can register and play completely anonymously.

    Can I play on my phone?
    Yes. The platform is fully mobile-optimized for browser play.

    Does Winna support fiat deposits?
    Not yet, but on-platform crypto purchases using Visa/Mastercard are in development.

    What makes Winna different from other top crypto casinos?
    It prioritizes privacy, esports integration, player-focused rewards, and speed—without bloated extras or delays.


    Final Thoughts: Why Winna Is the Best Crypto Casino for Real Players

    Winna isn’t just another crypto casino—it’s a purpose-built ecosystem designed for speed, fairness, and real player value. Its withdrawal speed, no-KYC onboarding, competitive esports betting, and rakeback structure all align with what today’s crypto users want.
    Unlike platforms that rely heavily on marketing spin, Winna delivers consistent, measurable value where it matters most. While Jackbit was once considered a strong option, its recent wave of negative press, delayed payouts, and inconsistent bonus policies have significantly tarnished its reputation. Many experienced players now consider it unreliable and no longer representative of the crypto-first gambling model.

    If you’re looking for the best crypto casino for 2025, Winna is not just a contender—it’s already the choice for thousands of informed players.

    Disclaimer: 

    Gambling entails risks and should be approached with caution. Users must be of legal gambling age in their jurisdiction. This article is for informational and promotional purposes only and does not constitute financial advice.

    Always gamble responsibly and within your means. The publisher, affiliates, and authors are not liable for losses arising from use of this content. Brand names and trademarks belong to their respective owners.

    The MIL Network –

    June 6, 2025
  • MIL-OSI: Xtract One Announces Third Quarter Fiscal 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 05, 2025 (GLOBE NEWSWIRE) —  Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) (“Xtract One” or the “Company”) a leading technology-driven threat detection and security solution that prioritizes the patron access experience by leveraging AI, today announced fiscal third quarter results for the three months ended April 30, 2025. All information is in Canadian dollars unless otherwise indicated.

    Third Quarter Highlights

    • Quarterly revenue of $3.5 million for the three months ended April 30, 2025 versus $4.7 million in the prior-year period.
    • Gross margin of 57% for the third quarter of fiscal 2025 versus 58% in the prior-year period.
    • Total contract value of new bookings1 was $4.6 million for the three months ending April 30, 2025 as compared to $9.5 million for the same period last year.
    • Contractual backlog was $15.4 million at the end of the third quarter as compared to $13.8 million in the prior-year period, excluding an additional $21.1 million of agreements pending installation1 versus approximately $12.8 million at the end of the third quarter of fiscal 2024.
    • Subsequent to the quarter, the Company announced that its new innovative security platform, Xtract One Gateway, has been certified in Canada and the U.S and is on track to start shipping in July, with a current aggregate order value of approximately $6.7 million across five different customers. The Company has completed numerous demonstrations and trials across the education, healthcare and manufacturing and distribution markets.

    “While revenue was lower than anticipated for the quarter due to some delayed deployments, we remain on track for a solid year of performance and continue to have a growing backlog that strengthens our outlook for the future,” stated Peter Evans, Chief Executive Officer of Xtract One. “As recently announced, our Xtract One Gateway will start shipping this July, and we already have $6.7 million of orders in hand. While increasing our expectations for the quarters to come, recent investments in inventory and product rollout reduced our cash level during the period, which was expected. At the same time, we’ve announced several exciting developments including new wins with the Colorado Rockies and an international entertainment giant which, along with other awards, position us well for the year ahead. We remain upbeat about the fourth quarter and look to end fiscal 2025 on a high note.”

    Financial Results for the Three Month Period Ended April 30, 2025

    Consolidated revenue was $3.5 million for the three months ended April 30, 2025 as compared to $4.7 million for the same period last year, reflecting timing of order deployments. Gross profit was $2.0 million, or a gross profit margin of 57%, in the fiscal 2025 third quarter versus $2.7 million, or a gross profit margin of 58%, in the prior-year period.

    Comprehensive loss was $3.3 million for the three month period ended April 30, 2025 as compared to $2.7 million for the same period in fiscal 2024, reflecting a reduced gross profit offset by lower overall operating costs.

    This press release should be read in conjunction with the Company’s Unaudited Condensed Consolidated Interim Financial Statements, prepared in accordance with International Financial Reporting Standards (“IFRS”) and the Company’s Management’s Discussion and Analysis for the three and nine month periods ended April 30, 2025 and 2024, which can be found on the Company’s website and under the Company’s profile on SEDAR+ at www.sedarplus.ca.

    Conference Call Details

    Xtract One will host a conference call to discuss its results tomorrow, June 6, 2025 at 10:00 am EST. Peter Evans, Xtract One CEO and Director, and Karen Hersh, CFO and Corporate Secretary, will provide an overview of the interim financial results along with management’s outlook for the business, followed by a question-and-answer period.

    The webcast and presentation will be accessible on the company’s website. The webcast can be accessed here and the telephone number for the conference call is 844-481-3016 (412-317-1881 for international callers).

    About Xtract One Technologies

    Xtract One Technologies is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The Company makes unobtrusive weapons and threat detection systems that are designed to assist facility operators in prioritizing- and delivering improved “Walk-right-In” experiences while enhancing safety. Xtract One’s innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic. With solutions built to serve the unique market needs for schools, hospitals, arenas, stadiums, manufacturing, distribution, and other customers, Xtract One is recognized as a market leader delivering the highest security in combination with the best individual experience. For more information, visit www.xtractone.com or connect on Facebook, Twitter, and LinkedIn. 

    About Threat Detection and Security Solutions

    Xtract One solutions, when properly configured, deployed, and utilized, are designed to help enhance safety and reduce threats. Given the wide range of potential threats in today’s world, no threat detection system is 100% effective. Xtract One solutions should be utilized as one element in a multilayered approach to physical security.

    For further information, please contact:

    Xtract One Inquiries: info@xtractone.com, http://www.xtractone.com    
    Media Contact: Kristen Aikey, JMG Public Relations, 212-206-1645, kristen@jmgpr.com
    Investor Relations: Chris Witty, Darrow Associates, 646-438-9385, cwitty@darrowir.com

    1Supplementary Financial Measures:

    The Company utilizes specific supplementary financial measures in this earnings release to allow for a better evaluation of the operating performance of the Company’s business and facilitates meaningful comparison of results in the current period with those in prior periods and future periods. Supplementary financial measures do not have any standardized meaning prescribed under IFRS and therefore may not be comparable to measures presented by other companies. Supplementary financial measures presented in this earnings release include ‘Agreements pending installation’ and ‘Total contract value of new bookings.’ Agreements pending installation reflects total value of signed contracts awarded to the Company that has not been installed at the customer site. ‘Total contract value of new bookings’ is comprised of all new contracts signed and awarded to the Company, regardless of the performance obligations outstanding as of the end of the reporting period. Total contract value is the aggregate value of sales commitments from customers as at the end of the reporting period without consideration of the Company’s completion of the associated performance obligations outlined in each contract.

    CAUTIONARY DISCLAIMER STATEMENT:

    This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipates”, “expects”, “believes”, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include but are not limited to the risks detailed from time to time in the continuous disclosure filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

    No securities exchange or commission has reviewed or accepts responsibility for the adequacy or accuracy of this release.

    Unaudited Interim Statements of Loss and Comprehensive Loss for the Three and Nine Months Ended April 30, 2025 and 2024

    The following table is extracted from the Company’s unaudited condensed consolidated interim financial statements and presented in Canadian dollars to demonstrate the Statements of Loss and Comprehensive loss for the three and nine months ended April 30, 2025 and 2024:

          Three months ended April 30,   Nine months ended April 30,  
            2025       2024       2025       2024    
                         
    Revenue   $ 3,466,433     $ 4,683,639     $ 10,506,459 $ 10,720,050  
                         
    Cost of revenue     1,489,181       1,977,223       3,811,031       4,145,551    
                         
    Gross profit   $ 1,977,252     $ 2,706,416     $ 6,695,428     $ 6,574,499    
                         
    Operating expenses                  
      Selling and marketing   $ 1,563,446     $ 1,259,445     $ 4,451,180     $ 4,066,829    
      General and administration     1,854,764       1,936,552       5,367,644       5,277,387    
      Research and development     1,638,988       2,182,756       5,078,617       5,967,553    
      Loss on inventory write-down     26,868       4,167       308,297       111,180    
      Loss on retirement of assets     2,029       40,538       23,704       40,538    
    Total operating expenses   $ 5,086,095     $ 5,423,458     $ 15,229,442     $ 15,463,487  
                         
    Loss before the undernoted     (3,108,843 )     (2,717,042 )     (8,534,014 )     (8,888,988 )  
                         
    Other income                  
      Interest and other income     28,606       44,704       170,196       197,287    
                         
    Net loss for the period   $ (3,080,237 )   $ (2,672,338 ) $ (8,363,818 )   $ (8,691,701 )
                         
    Other comprehensive income (loss) for the period                
      Currency translation differences for foreign operations     (197,348 )     –       348,771       –    
                         
    Comprehensive loss for the period   $ (3,277,585 )   $ (2,672,338 ) $ (8,015,047 )   $ (8,691,701 )
                         
    Weighted average number of shares     218,426,987       200,110,734       218,415,199       198,924,490    
                         
    Basic and diluted loss per share   $ (0.02 )   $ (0.01 )   $ (0.04 )   $ (0.04 )  
                         

    Unaudited Interim Statements of Financial Position as of April 30, 2025 and July 31, 2024

    The following table is extracted from the Company’s unaudited condensed consolidated interim financial statements and presented in Canadian dollars to demonstrate the Company’s financial position as of April 30, 2025 and July 31, 2024:

          April 30, 2025   July 31, 2024
    Assets        
    Current assets        
      Cash and cash equivalents (Note 15)   $ 1,921,103     $ 8,628,521  
      Receivables (Note 4)     1,301,903       3,862,199  
      Prepaid expenses and deposits     2,423,043       949,012  
      Current portion of deferred cost of revenue (Note 6)     397,649       371,309  
      Inventory (Note 5)     3,463,467       3,688,246  
               
            9,507,165       17,499,287  
               
    Property and equipment (Note 7)     2,326,031       2,135,956  
    Intangible assets (Note 8)     4,730,705       4,465,755  
    Non-current portion of deferred cost of revenue (Note 6)     280,467       496,868  
    Right of use assets (Note 9)     928,941       344,304  
               
    Total assets   $ 17,773,309     $ 24,942,170  
               
    Liabilities        
    Current liabilities        
      Accounts payable and accrued liabilities   $ 1,771,976     $ 3,991,292  
      Current portion of deferred revenue (Note 10)     5,247,967       3,443,524  
      Current portion of lease liability (Note 9)     156,797       190,400  
               
            7,176,740       7,625,216  
    Non-Current liabilities        
      Non-current portion of deferred revenue (Note 10)     2,841,068       3,155,579  
      Non-current portion of lease liability (Note 9)     923,972       190,526  
               
          $ 10,941,780     $ 10,971,321  
               
    Shareholders’ equity        
      Share capital (Note 13)   $ 144,398,090     $ 144,372,452  
      Contributed surplus     17,014,039       16,163,950  
      Accumulated deficit     (154,929,371 )     (146,565,553 )
      Accumulated other comprehensive income     348,771       –  
               
          $ 6,831,529     $ 13,970,849  
               
    Total liabilities and shareholders’ equity   $ 17,773,309     $ 24,942,170  
               

    Unaudited Interim Statements of Cash Flows for the Nine Months Ended April 30, 2025 and 2024

    The following table is extracted from the Company’s unaudited condensed consolidated interim financial statements and presented in Canadian dollars to demonstrate the Company’s cash flows for the nine month periods ended April 30, 2025 and 2024:

            Nine months ended April 30,    
              2025       2024      
    Cash flow used in operating activities            
      Loss for the period   $ (8,363,818 )   $ (8,691,701 )    
      Adjustment for:            
        Share-based compensation (Notes 13, 14)     858,758       668,555      
        Depreciation (Notes 7, 9, 12)     1,084,022       938,567      
        Amortization (Notes 8, 12)     637,279       604,425      
        Finance cost (Notes 9)     34,020       17,839      
        Loss on retirement of assets     23,704       40,538      
        Loss on inventory (Note 5)     308,297       111,180      
                     
              (5,417,738 )     (6,310,597 )    
      Changes in non-cash working capital            
        Receivables     2,610,436       (3,266,008 )    
        Prepaid expenses and deposits     (1,469,555 )     334,746      
        Inventory     (793,081 )     (3,664,444 )    
        Deferred cost of revenue (Note 6)     190,061       172,754      
        Accounts payable and accrued liabilities     (2,232,051 )     942,696      
        Deferred revenue     1,540,851       5,357,879      
                     
      Cash used in operating activities     (5,571,077 )     (6,432,974 )    
                     
    Cash flow used in investing activities            
      Purchase of property, plant and equipment (Note 7)     (185,045 )     –      
      Internally developed intangible assets (Note 8)     (729,730 )     –      
      Proceeds from disposal of property, plant and equipment     1,000       –      
      Acquisition of right of use asset (Note 9)     (5,028 )     –      
                     
      Cash used in investing activities     (918,803 )     –      
                     
    Cash flow used in financing activities            
      Proceeds on issue of share capital     16,970       8,131,985      
      Lease payments (Note 9)     (214,358 )     (286,066 )    
                     
      Cash (used) received in financing activities     (197,388 )     7,845,919      
                     
      Effect of exchange rate changes on cash and cash equivalents   (20,150 )     –      
                     
    Net (decrease) increase in cash and cash equivalents for the period $ (6,707,418 )   $ 1,412,945      
                     
    Cash and cash equivalents beginning of the period   8,628,521       8,327,449      
                     
    Cash and cash equivalents end of the period   $ 1,921,103     $ 9,740,394      
                     

    The MIL Network –

    June 6, 2025
  • MIL-OSI: Kyivstar Group Reports First Quarter 2025 Financial Results in Conjunction with its Nasdaq Listing Process

    Source: GlobeNewswire (MIL-OSI)

    • Total operating revenue reaches USD 255 million or UAH 10.6 billion, up 37.1% year-on-year in USD and 49.6% in local currency terms
    • Profit for the period amounts to USD 44 million, up 22.2% year-on-year in USD and 33.7% in local currency terms, with a profit margin of 17.3%
    • Adjusted EBITDA1 reaches USD 140 million, up 50.5% year-on-year in USD and 64.6% in local currency terms, with an adjusted EBITDA margin1 of 54.9%
    • Completes acquisition of Uklon, Ukraine’s leading ride-hailing business, and increases stake in Ukraine’s leading digital health platform Helsi, subsequent to quarter-end

    KYIV, Ukraine, June 05, 2025 (GLOBE NEWSWIRE) — Kyivstar Group, Ukraine’s leading digital operator (“Kyivstar Group” or “the Company”) and a subsidiary of VEON Ltd. (Nasdaq: VEON) (“VEON Group” or “VEON”), today announced its unaudited financial and operating results for the first quarter ended March 31, 2025.

      1Q25 1Q24 YoY 1Q25 1Q24 YoY
      USD mln or % UAH bln or %
    Total operating revenue 255 186 37.1 % 10.6 7.1 49.6 %
    Profit for the period 44 36 22.2 % 1.8 1.4 33.7 %
    Adj. EBITDA1 140 93 50.5 % 5.8 3.6 64.6 %
    Average UAH/USD exchange rates: 1Q25: 41.7563 UAH/USD; 1Q24: 38.1727 UAH/USD
    End-of period UAH/USD exchange rates as of March 31, 2025: 41.4787 UAH/USD; as of March 31, 2024: 39.2214 UAH/USD
    1For more information, see section titled “Presentation of Non-IFRS Financial Measures” at the end of this press release, including the reconciliations of non-IFRS measures to IFRS measures.
     

    “Kyivstar Group continues to deliver exceptional value to our customers and stakeholders, leveraging our market-leading network and innovative digital services to drive growth,” said Oleksandr Komarov, CEO of Kyivstar Group. “Our first quarter results reflect the strength of our digital operator strategy, delivering robust financial growth. In parallel, we continue to invest in strategic opportunities that drive Ukraine’s digital future, such as the acquisition of Uklon and increasing our stake in Helsi. We are excited to complement this operational performance with the continued progress towards our plans to list Kyivstar Group on the Nasdaq Stock Market.” 

    First Quarter 2025 Financial and Operational Highlights

    • Robust Revenue Growth: Total operating revenue for 1Q25 was USD 255 million, up 37.1% year-on-year in USD and 49.6% year-on-year in local currency terms. This result includes the impact of the customer appreciation program undertaken by the Company in the first quarter of 2024 following a cyber security incident at the end of 2023, which lowered revenue in the first quarter of 2024 by an estimated USD 46 million (UAH 1.7 billion) in value. Excluding the impact of the customer appreciation program, local currency revenue growth was 20.1% year-on-year in 1Q25.
    • Strong Profitability: Adjusted EBITDA for 1Q25 was USD 140 million, up 50.5% year-on-year. This represents an adjusted EBITDA margin of 54.9% in 1Q25. In local currency terms, 1Q25 adjusted EBITDA growth was 64.6% year-on-year, and adjusted EBITDA margin was 54.9%, driven by revenue growth and a decrease in operating costs. Excluding the impact of the customer appreciation program, local currency adjusted EBITDA growth was 10.2% year-on-year in 1Q25.
    • Multiplay Customers Supporting Growth: The Multiplay customer base, which are customers who use at least one digital application in addition to 4G data and voice connectivity, was up by 40.7% year-on-year to 6.1 million customers, and represented 29.5% of one-month-active mobile customersi reflecting increased adoption of digital products.
    • Digital Services Users: Total digital monthly active users across Kyivstar Group’s digital applications MyKyivstar, Kyivstar TV and Helsi reached 10.3 million in 1Q25, up 32.9% from 7.7 million a year earlier.

    Strategic Milestones:

    • Announced business combination agreement with Cohen Circle Acquisition Corp. I (Nasdaq: CCIR) (“Cohen Circle”), beginning the process for Kyivstar Group to be the only pure-play Ukrainian investment opportunity on U.S. stock markets.
    • Completed the acquisition of Uklon, a leading Ukrainian ride-hailing and delivery platform, for approximately USD 155.2 million in April 2025. Uklon operates in 28 cities across Ukraine and facilitated more than 100 million rides and 3 million deliveries in 2024, and also provides ride-hailing services in Uzbekistan.
    • Increased ownership stake in Helsi, Ukraine’s largest digital platform, from 69.99% to 97.99% in May 2025. Helsi is a digital data management platform supporting the provision of healthcare services and improving patients’ access to healthcare with over 9.4 million appointments booked in the year ended December 31, 2024.

    The results announcement is made concurrently with Kyivstar Group and VEON Holdings B.V.’s filing of a registration statement on Form F-4 (File No. 333-287802) in conjunction with Kyivstar’s anticipated listing on the Nasdaq Stock Market LLC (“Nasdaq”) following the anticipated completion of a business combination with Cohen Circle that was previously announced on March 18, 2025.

    With the announcement of its 1Q2025 results, Kyivstar Group also updated the investor presentation available to its potential investors. A copy of the investor presentation will be available on a Current Report on Form 8-K to be filed by Cohen Circle with the SEC and available at www.sec.gov.

    Additional Information and Where to Find It

    Kyivstar Group Ltd. and VEON Holdings B.V. have filed on June 5, 2025 a registration statement on Form F-4 (File No. 333-287802) (as may be amended from time to time, the “Registration Statement) as co-registrants that includes a preliminary proxy statement/prospectus of Cohen Circle and a preliminary prospectus of Kyivstar Group. When available, Cohen Circle will mail a definitive proxy statement/prospectus relating to the business combination and other relevant documents to its shareholders. This communication does not contain all the information that should be considered concerning the business combination and is not intended to provide the basis for any investment decision or any other decision in respect of the business combination. VEON, Cohen Circle and Kyivstar Group may also file other documents regarding the business combination with the SEC. Cohen Circle’s shareholders and other interested persons are advised to read, when available, the Registration Statement, the proxy statement/prospectus and other documents filed in connection with the business combination, as these materials will contain important information. Investors and shareholders will be able to obtain free copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed or will be filed with the SEC by Cohen Circle through the website maintained by the SEC website at www.sec.gov or by directing a written request to: Cohen Circle Acquisition Corp. I, 2929 Arch Street, Suite 1703, Philadelphia, PA 19104.

    About Kyivstar Group

    Kyivstar Group operates Ukraine’s leading digital operator, serving more than 23 million mobile customers and over 1.1 million home internet fixed line customers as of December 31, 2024. Kyivstar Group and its subsidiaries provide services across a wide range of mobile and fixed line technologies, including 4G, big data, cloud solutions, cybersecurity, digital TV, and more. VEON, together with Kyivstar Group, intends to invest USD 1 billion in Ukraine during 2023-2027, through social investments in infrastructure and technological development, charitable donations and strategic acquisitions. Kyivstar Group and its subsidiaries have been operating in Ukraine for more than 27 years. For more information, visit: www.kyivstar.ua.

    About VEON

    VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on Nasdaq. For more information, visit: https://www.veon.com.

    About Cohen Circle

    Cohen Circle Acquisition Corp. I is a special purpose acquisition company sponsored by investment firm Cohen Circle, LLC and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more technology and/or financial services businesses. Cohen Circle’s units, Class A ordinary shares and warrants are listed on Nasdaq under the symbols “CCIRU,” “CCIR” and “CCIRW,” respectively.

    No Offer or Solicitation

    This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the transactions mentioned herein or the proposed business combination with Cohen Circle. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

    Participants in the Solicitation

    Cohen Circle, Kyivstar Group, certain shareholders of Cohen Circle, VEON and certain of Cohen Circle’s, Kyivstar Group’s and VEON’s respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from the shareholders of Cohen Circle with respect to the proposed business combination. A list of the names of such persons and information regarding their interests in the proposed business combination is set forth in the Registration Statement. Free copies of these documents may be obtained from the sources indicated above.

    Financial Information Presented

    Kyivstar Group’s results and other financial information presented in this document are, unless otherwise stated, prepared in accordance with International Financial Reporting Standards (“IFRS”) and have not been externally reviewed and/or audited. The financial information included in this document is preliminary and is based on a number of assumptions that are subject to inherent uncertainties and subject to change. The financial information presented herein is based on internal management accounts, is the responsibility of management and is subject to financial closing procedures which have not yet been completed and has not been audited, reviewed or verified. Certain amounts and percentages that appear in this document have been subject to rounding adjustments. As a result, certain numerical figures shown as totals, may not be an exact arithmetic aggregation of the figures that precede or follow them. Although we believe the information to be reasonable, actual results may vary from the information contained above and such variations could be material. As such, you should not place undue reliance on this information. This information may not be indicative of the actual results for the current period or any future period.

    Forward-Looking Statements

    This press release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements generally are identified by the words “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “future,” “intend,” “may,” “opportunity,” “plan,” “project,” “should,” “strategy,” “will,” “will be,” “will continue,” “will likely result,” “would” and similar expressions (including the negative versions of such words or expressions).

    Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements relating to, among other things, the timing of the closing of the proposed business combination and the listing of Kyivstar Group’s common shares and warrants on Nasdaq, the expected investment opportunity in Kyivstar Group following the closing of the business combination, including the expectation that Kyivstar Group will be the only pure-play Ukrainian investment opportunity and the growth potential of Kyivstar Group. These statements are based on VEON, Cohen Circle and Kyivstar Group management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Kyivstar Group’s, VEON’s or Cohen Circle’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements in this press release, including, but not limited to, the inability to complete the business combination due to the failure to obtain the necessary shareholder approvals or to satisfy other conditions to closing; changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations; the decision by the SEC to deem effective the Registration Statement; the ability to meet the Nasdaq listing standards upon closing of the business combination and admission of Kyivstar Group for trading on Nasdaq; changes in applicable laws or regulations; the escalation or de-escalation of war between Russia and Ukraine; the successful integration of Uklon; continued growth in digital services; and other risks and uncertainties set forth in the section entitled “Risk Factors” included in the Registration Statement filed by Kyivstar Group with the SEC on June 5, 2025 and in any other subsequent filings with the SEC by Kyivstar Group or Cohen Circle. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON, Kyivstar Group and Cohen Circle cannot predict with accuracy and some of which neither VEON, Kyivstar Group nor Cohen Circle might not even anticipate. The forward-looking statements contained in this press release speak only as of the date of this release. VEON, Kyivstar Group and Cohen Circle do not undertake to publicly update any forward-looking statement to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events, except as required by U.S. federal securities laws.

    Presentation of Non-IFRS Financial Measures and Performance Metrics

    In addition to the results provided in accordance with IFRS throughout this press release, Kyivstar Group has provided the non-IFRS financial measures Adjusted EBITDA and Adjusted EBITDA Margin (the “Non-IFRS Financial Measures”), as well as key performance indicators mobile ARPU, multiplay customers and total digital MAU.

    Kyivstar Group defines Adjusted EBITDA as earnings before interest, tax, depreciation, amortization, impairment, gain/loss on disposals of non-current assets, net foreign exchange gain and other non-operating gains/losses, net. Kyivstar Group defines Adjusted EBITDA Margin as Adjusted EBITDA divided by total operating revenues. Kyivstar Group uses the Non-IFRS Financial Measures in addition to its results determined in accordance with IFRS in order to evaluate its financial and operating performance, to generate future operating plans and make strategic decisions. Kyivstar Group believes that the Non-IFRS Financial Measures may be helpful to investors because they provide additional tools for investors to use in evaluating its ongoing operating results and trends and in comparing its financial results with other companies operating in similar industries because they provide consistency and comparability with past financial performance. The Non-IFRS Financial Measures are not intended to replace, and should not be considered superior to, the presentation of the Kyivstar Group financial results in accordance with IFRS. The Non-IFRS Financial Measures may not be comparable to other similarly entitled measures computed by other companies.

    The following table presents reconciliations of Adjusted EBITDA and Adjusted EBITDA Margin to the most directly comparable IFRS financial performance measures, which are profit for the period and profit margin, respectively:

        Three months ended
    March 31,
    2025
      Three months ended
    March 31,
    2024
     
    (USD in millions)          
    Profit for the period   44     36  
    Income taxes   14     9  
    Profit before tax   58     45  
    Depreciation   31     31  
    Amortization   13     12  
    Impairment, net   2     1  
    Finance costs   21     21  
    Finance income   (7)     (8)  
    Other non-operating gain/(loss), net   1     (1)  
    Net foreign exchange (loss)/gain   21     (8)  
    Adjusted EBITDA   140     93  
    Profit margin   17%     19%  
    Adjusted EBITDA Margin   55%     50%  
                 

    Key Performance Indicators

    Mobile ARPU measures the monthly average revenue per mobile user. Kyivstar Group calculates mobile ARPU by dividing its mobile service revenue (excluding guest roaming and wholesale interconnection revenue) during the relevant period by the average number of its mobile customers during the period and dividing by the number of months in that period. Mobile service revenue used to calculate mobile ARPU excludes guest roaming and wholesale interconnection revenue, as this revenue is not generated by Kyivstar Group’s customers but are proceeds received by other operators for the services received by its subscribers.

    Multiplay customers are doubleplay 4G customers who also used one or more of Kyivstar Group’s digital products at any time during the one month prior to such measurement date.

    Total digital MAU is a gross total cumulative MAU of applications offered. Under this metric, a single individual who is active in more than one application is counted as a separate MAU under each such application, such that the total digital MAUs may include individuals being counted more than once.

    Contact Information

    Kyivstar Group

    Media and Investor Contact:
    Kyivstar@icrinc.com

    VEON Media Contact
    Email: pr@veon.com

    i Multiplay as a % of total active Kyivstar one-month subscriber base in March 2025 (unique active subscribers over one-month period)

    The MIL Network –

    June 6, 2025
  • MIL-OSI Canada: Pipeline project determined to be substantially started

    Source: Government of Canada regional news

    The chief executive assessment officer of the Environmental Assessment Office (EAO) has determined that the Prince Rupert Gas Transmission (PRGT) natural gas pipeline project has been substantially started.

    With this decision, the certificate remains in effect for the life of the project, unless it is cancelled or suspended pursuant to the Environmental Assessment Act. The environmental assessment certificate approving the PRGT project was issued in 2014, following the EAO’s environmental assessment. The certificate required the project to have been substantially started by Nov. 25, 2024, for it to remain valid.

    The EAO undertook a detailed assessment process that started at the end of November 2024, examining all evidence relevant to the matter of whether or not the project is substantially started. First Nations potentially impacted by the project had an opportunity to provide their views.

    The EAO developed a report on its findings from a field assessment of the project site, documentation from Prince Rupert Gas Transmission Ltd. and information from First Nations, Gitanyow Hereditary Chiefs, Gitxsan Wilps and members of the public for the decision-maker’s consideration. Only construction and other project-related activities by the proponent up to Nov. 25, 2024, were considered.

    As outlined in his reasons for decision, the chief executive assessment officer determined that the physical work completed is consistent with standard pipeline development, and together with other activities and investments undertaken, the company demonstrated a strong intention to advance the project in the near term.

    Substantial start determinations are made on a case-by-case basis, considering all relevant facts. Substantial start determinations are commonly delegated by the minister of environment and parks to the EAO’s chief executive assessment officer.

    EAO compliance and enforcement officers will continue to monitor the PRGT project throughout construction and operation to ensure the project meets all requirements in the project’s environmental assessment certificate.

    Quick Facts:

    • The PRGT project was approved in 2014 to run about 900 kilometres between Hudson’s Hope in northeastern B.C. and Lelu Island near Prince Rupert (the site of a previously proposed, but since cancelled, LNG processing facility). The project as approved includes both land and marine sections of pipeline, along with compressor and metering stations.
    • The PRGT project was acquired from TC Energy Corporation by Nisga’a Nation and Western LNG in March 2024, to supply natural gas to the proposed Ksi Lisims LNG facility, a project the EAO is currently assessing.
    • Prince Rupert Gas Transmission Ltd. applied to the EAO in 2024 to change the pipeline route to end on Pearse Island at the proposed Ksi Lisims LNG site. This amendment request is currently being assessed by the EAO.
    • The EAO is also assessing a separate amendment request received in 2024 to reroute the eastern portion of the pipeline between Chetwynd and Mackenzie, which includes moving the route south to follow part of an existing cleared right of way and shortening it by about 50 kilometres.
    • The PRGT pipeline project would transport approximately 2 billion cubic feet of natural gas per day, with capacity to expand to about 3.6 billion cubic feet per day.

    Learn More:

    Reasons for Determination: Prince Rupert Gas Transmission substantial start determination:
    https://www.projects.eao.gov.bc.ca/api/public/document/6841bac274cf8a00219ff411/dowload/PRGT_Reasons_for_Decisions.pdf

    EAO’s Analysis of a Substantially Started Determination Request: PRGT Project:

    https://www.projects.eao.gov.bc.ca/api/public/document/6841bb3b74cf8a00219ff42c/download/PRGT_EAO_Substantial_Start_Determination_Report.pdf

    EAO Substantial Start Determination Policy:
    https://www2.gov.bc.ca/assets/gov/environment/natural-resource-stewardship/environmental-assessments/guidance-documents/2018-act/substantially_started_determination_policy_final.pdf

    EAO’s Prince Rupert Gas Transmission project information webpage:
    https://projects.eao.gov.bc.ca/p/588511d9aaecd9001b826b33/project-details

    MIL OSI Canada News –

    June 6, 2025
  • MIL-OSI Security: Federal Jury Convicts Pakistani Weapons Smuggler of Transporting Iranian Advanced Conventional Weapons Destined for the Houthis in Yemen

    Source: United States Attorneys General 7

    A federal jury convicted a Pakistani national today on charges related to smuggling Iranian-made advanced conventional weaponry destined for the Houthis in Yemen and threatening multiple witnesses.

    According to court records and evidence presented at trial, on the night of Jan. 11, 2024, U.S. Central Command Navy forces operating from the USS LEWIS B. PULLER, including Navy SEALs and members of the U.S. Coast Guard Maritime Security Response Team East, boarded an unflagged dhow, a small vessel, in the Arabian Sea off the coast of Somalia. The U.S. boarding team encountered 14 individual mariners on the vessel, including the captain, Muhammad Pahlawan, 49.

    During a search of the dhow, the U.S. boarding team located and seized Iranian-made advanced conventional weaponry, including ballistic missile components, anti-ship cruise missile components, and a warhead. The type of weaponry found aboard the dhow is consistent with the weaponry used by the Houthi rebel forces during the time of the charged conspiracy against merchant ships and U.S. military ships in the Red Sea and Gulf of Aden after the October 7 Hamas attack in Israel. During the interdiction, Pahlawan lied to the boarding team, instructed other crewmembers to lie, and eventually threatened the lives of his crewmembers and their families.

    Pahlawan’s January 2024 trip was part of a larger operation. From in or around August 2023 through in or around January 2024, Pahlawan worked with two Iranian brothers, Shahab Mir’kazei (Shahab), and Yunus Mir’kazei (Yunus), affiliated with Iran’s Islamic Revolutionary Guard Corps (IRGC) to smuggle materials from Iran to the Houthi rebel forces in Yemen. Pahlawan completed multiple smuggling voyages, coordinated and funded by Shahab and Yunus, by traveling with cargo from Iran to the coast of Somalia and transporting that cargo to another vessel for a nighttime ship-to-ship transfer. Pahlawan worked with Shahab and Yunus to prepare the dhow for these smuggling voyages, received specific coordinates from them for the ship-to-ship transfers, and received multiple payments from them for his role in the smuggling operation.

    Pahlawan was convicted of: conspiring to provide material support and resources to terrorists, providing material support and resources to Iran’s weapons of mass destruction program, providing material support to the Islamic Revolutionary Guard Corps’s weapons of mass destruction program, conspiring to and indeed transporting explosive devices to the Houthis knowing those explosives would be used to cause harm, and threatening his crew. He is scheduled to be sentenced on Sept. 22 and most statutes of conviction include a maximum penalty of 20 years in prison. A federal district court judge will determine sentences after considering the U.S. Sentencing Guidelines and other statutory factors.

    Sue J. Bai, head of the Justice Department’s National Security Division, U.S. Attorney Erik S. Siebert for the Eastern District of Virginia, Executive Assistant Director Jodi Cohen of the FBI’s National Security Branch; and Assistant Director in Charge Steven J. Jensen of the FBI Washington Field Office made the announcement.

    Assistant U.S. Attorneys Troy A. Edwards Jr. and Gavin R. Tisdale for the Eastern District of Virginia and Trial Attorney Joseph N. Kaster of the National Security Division’s Counterterrorism Section are prosecuting the case. Former Eastern District of Virginia prosecutor Danya Atiyeh, former U.S. Attorney for the Eastern District of Virginia Jessica Aber, and former National Security Division Trial Attorney Lesley Woods supported the case.

    The following government agencies provided invaluable support to the case: the Justice Department’s Office of International Affairs, the Naval Criminal Investigative Service, the Department of Defense, the Diplomatic Security Service, the Department of Homeland Security, and the Department of State.

    MIL Security OSI –

    June 6, 2025
  • MIL-OSI USA: WITH NEARLY 8,000 ‘ZOMBIE HOUSES’ PLAGUING ROCHESTER, SCHUMER CALLS ON FEDS TO IMMEDIATELY RENEW HUD PARTNERSHIP – EXPIRING IN LESS THAN 30 DAYS – FOR CITY TO TRANSFORM ABANDONED HOUSES INTO HOMES FOR…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    Amid Nationwide Housing Shortage, Schumer Says Preserving HUD Partnership – Which Expires July 1 – Is Win-Win-Win For Getting Rid Of Zombie Houses, Revitalizing Neighborhoods & Creating Good-Paying Jobs For Monroe County

    City Of Rochester Has Transformed Over 850 Vacant Homes With Help From Agreement With HUD; With Contract Expiring In Less Than 30 Days, Schumer Calls On HUD To Act Quickly Before This Agreement Expires

    Schumer: Renewing This HUD-Rochester Agreement Is Vital So Rochester Can Transform Abandoned ‘Zombie Houses’ Into Homes For First-Time Home Buyers

    With the City of Rochester’s contract set to expire in less than 30 days, U.S. Senator Chuck Schumer called on the U.S. Department of Housing and Urban Development (HUD) to immediately renew its contract to convert abandoned “zombie houses” across Rochester into high-quality affordable housing for first-time homebuyers. Through this partnership, the City of Rochester has transformed hundreds of abandoned properties while creating good-paying construction jobs. Schumer said that with over 8,000 vacant houses across Rochester, HUD needs to cut the red tape and renew this agreement to support Rochester families, neighborhoods, and jobs.

    “With nearly 8,000 abandoned homes plaguing Rochester, we cannot let the City’s federal housing partnership expire in less than 30 days. HUD must cut the red tape and immediately approve the City’s plan to breathe new life into these zombie homes,” said Senator Schumer. “Thanks to this contract, we’ve already turned hundreds of abandoned ‘zombie houses’ into family houses for first-time homebuyers while creating good-paying construction jobs in Monroe County. With the nationwide housing shortage hitting Rochester hard, HUD renewing this agreement before it expires next month is the difference between hope and despair for countless Rochester families seeking the dream of home ownership.”

    The City of Rochester has a contract with HUD’s Asset Control Area Program to purchase vacant HUD-foreclosed homes and convert them to high-quality affordable housing for first-time homebuyers through a partnership with the Rochester Housing Development Fund Corporation (RHDFC). Since 2005, Rochester has renovated over 850 vacant homes through this program, boosting neighborhood property values by an average of $15,000 per house and generating more than $33.5 million in local contracting work creating good-paying construction jobs for Monroe County. As of the most recent census in 2020, there are more than 8,000 vacant homes in the City of Rochester. The City’s contract ends on July 1, and they are looking to renew the contract with HUD to help address the housing shortage in the region.

    “Securing this renewal will enable us to turn boarded-up, vacant houses into dream homes for first-time buyers and generate steady work for our skilled tradespeople and local contractors,” Rochester Mayor Malik D. Evans said. “With Senator Schumer urging HUD to act, we stand ready to patch the holes in the fabric our city’s housing inventory, breathe hope into every block, and build the safe, equitable, and prosperous Rochester our residents deserve.”

    In a letter to HUD Secretary Scott Turner, Schumer urged the department to cut the red tape, renew this contract, and work with Rochester to identify new HUD-foreclosed abandoned homes for inclusion in the program to maximize the number of properties covered by the partnership and further boost the supply of housing. The senator said amid the nationwide housing shortage that has hit the Rochester-Finger Lakes region hard, this contract is essential to helping buyers find and purchase homes while driving millions of dollars of new development into local neighborhoods.

    Schumer’s letter to U.S. Department of Housing and Urban Development Secretary Scott Turner can be found HERE or below:

    Dear Secretary Turner:

    I write to request the U.S. Department of Housing and Urban Development’s (HUD) prioritize and swiftly work with the City of Rochester to renew the Asset Control Area (ACA) Agreement between HUD and the City of Rochester that is now slated to lapse in less than 30 days on July 1, 2025. Without immediate full renewal, Rochester will lose access to being able to acquire and rehab now vacant HUD-foreclosed homes, transforming these “zombie properties” into safe, affordable housing for first-time homebuyers. If this contract is not renewed, a two decades-old partnership that has transformed 796 abandoned properties in the City of Rochester into quality homes for families and residents will be halted, at a time when Rochester, like much of the country, is facing a housing supply crisis. Because new homebuyers are struggling to find new affordable housing since demand now far exceeds housing inventory in Rochester, I request HUD structure the renewed ACA to make more of HUD’s vacant foreclosed homes available in the ACA pipeline.  This month, the National Association of Realtors ranked Rochester as the fifth most competitive housing market in the nation underscoring the new barriers prospective homeowners are confronting in the Rochester market.

    Since 2005, the ACA Agreement between HUD, the City of Rochester, and the Rochester Housing Development Fund Corporation (RHDFC) has enabled the City to acquire hundreds of vacant, FHA-foreclosed single-family homes, transfer them to RHDFC for rehabilitation, and sell them to income-qualified buyers through the HOME Rochester program. That initiative has rehabilitated over 850 “zombie homes”, the majority made possible through the ACA agreement, boosting neighboring property values by an average of $15,000 per house, generating more than $33.5 million in local contracting work, and creating good-paying jobs for Monroe County.

    Today, Rochester homebuyers face fresh headwinds in its housing market. In recent years, despite many vacant homes plaguing Rochester neighborhoods, a dwindling supply of quality housing has made it exceptionally challenging for buyers to find and purchase homes, leading to frustration and difficulty for those trying to navigate the market. As a result of these conditions, programs like HOME Rochester – the City’s vehicle for acquisition, rehabilitation, and resale – have become an even more vital pathway to homeownership for working families. Yet, beginning in 2020, the pipeline of HUD-foreclosed homes available through the ACA began to decrease, with just one property acquired in 2020 and one in 2021, compared with 29 acquisitions between 2017 and 2020. 

    Therefore I urge you to:

    1. Renew Rochester’s ACA Agreement for another two-year term, so that property acquisitions and HOME Rochester rehabilitations can proceed uninterrupted.
    1. Partner directly with the City of Rochester, RHDFC, and the Greater Rochester Housing Partnership to review the current inventory of HUD-foreclosed homes, identify new properties for inclusion, and structure a renewal that maximizes the number of properties, and the neighborhoods, covered under the agreement.
    1. Streamline HUD’s approval process by permitting bulk submission of property lists and rehabilitation plans – rather than negotiating each property one at a time – to eliminate red tape and accelerate delivery of homes to first-time buyers.

    Renewing this agreement and making more HUD vacant foreclosed homes available for rehabilitation can be the difference between hope and despair for countless Rochester families seeking their dream of homeownership and a boost to strengthen Rochester by reviving now-abandoned houses and driving millions of dollars of new development into local neighborhoods. 

    Thank you for your prompt attention to this urgent matter.

    MIL OSI USA News –

    June 6, 2025
  • MIL-OSI USA: Hickenlooper, Colleagues Demand Analysis of Impact of Trump Admin’s Layoffs on Federal Water Programs

    US Senate News:

    Source: United States Senator for Colorado John Hickenlooper

    25% staff reduction at Bureau of Reclamation threatens dam safety, water delivery

    WASHINGTON – U.S. Senator John Hickenlooper joined seven of his Democratic colleagues on the Senate Energy and Natural Resources Committee to call on Department of the Interior (DOI) Acting Inspector General (IG) Caryl Brzymialkiewicz to evaluate the impact of the Trump administration’s layoffs at the Bureau of Reclamation (BOR) on key BOR programs, including delivering water and reliable electricity to millions of Americans.

    “Recent reductions in workforce significantly threaten BOR’s ability to safely and reliably deliver water to communities and farmers, keep waterways flowing for fish and wildlife across the western United States, and produce reliable electricity,” the senators wrote.

    The BOR is the largest wholesale water supplier in the United States and delivers trillions of gallons of water to more than 31 million people. The BOR also is the second-largest producer of hydroelectric power in the country. The facilities operated by BOR generate 40 million megawatt-hours of electricity each year.

    The BOR has reportedly lost around 25% of the agency’s work force –  approximately 1,400 public servants – since the Trump administration began illegally firing federal workers.

    The senators continued: “BOR needs experienced personnel with the necessary expertise to manage critical infrastructure. We are concerned that the Administration’s actions to gut the agency of qualified public servants could leave critical water infrastructure and communities vulnerable to operational disruptions.”

    The senators requested the IG evaluate whether recent workforce reductions at BOR inhibit the Bureau from carrying out its obligations.

    The full text of the letter is available HERE and below.

    Dear Acting Inspector General Brzymialkiewicz:

    We write to request that your office evaluate the extent to which workforce reductions at the Bureau of Reclamation (“Bureau” or “BOR”) prevent the agency from fulfilling its statutory mission and implementing relevant programs and activities authorized by Congress. The Bureau is the largest wholesaler of water in the United States—delivering trillions of gallons of water to more than 31 million people. The Bureau is also the second largest producer of hydroelectric power in the country. The facilities BOR operate generate 40 million megawatt-hours of electricity each year. However, recent reductions in workforce significantly threaten BOR’s ability to safely and reliably deliver water to communities and farmers, keep waterways flowing for fish and wildlife across the western United States, and produce reliable electricity.

    According to reports, BOR has lost 1,400 public servants since the administration began its assault on the federal workforce. The positions reportedly eliminated include mechanics, engineers, and fish biology specialists—personnel with considerable expertise. Through firings of probational workers, buyouts, early retirements, and other related actions, BOR has shrunk by 25 percent. This workforce reduction has lacked a coherent, mission- and safety- driven strategy and instead led to the departure of experienced personnel—some with over 20 years of experience—leaving the Bureau susceptible to operational disruptions.

    Rapid reductions to BOR’s workforce raise significant concerns about the Bureau’s ability to meet its core responsibilities, particularly inspecting dams and identifying threats to public safety. BOR manages over 450 dams throughout 17 western states. Previously, BOR’s dam safety program identified over 300 high and significant hazard dams at more than 200 facilities. The age and complex nature of dam systems necessitates having experienced staff trained in the operation of such systems. In fact, as your office identified in a September 2023 report, approximately 90 percent of BOR’s dams are more than 50 years old and “[a]ging dams increase the risk of dam failures.” BOR needs experienced personnel with the necessary expertise to manage critical infrastructure. We are concerned that the administration’s actions to gut the agency of qualified public servants could leave critical water infrastructure and communities vulnerable to operational disruptions.

    Your office is responsible for promoting “accountability, integrity, economy, efficiency, and effectiveness within” the DOI and identifying “ways to improve the DOI’s programs and operations by offering specific, actionable recommendations that lead to positive change.” We therefore urge you to evaluate whether recent workforce reductions at BOR inhibit the Bureau from carrying out its obligations.

    Thank you for your attention to this important matter.

    Sincerely,

    MIL OSI USA News –

    June 6, 2025
  • MIL-OSI United Kingdom: We applaud Syria’s determination to ensure Assad’s chemical weapons programme is destroyed: UK statement at the UN Security Council

    Source: United Kingdom – Executive Government & Departments

    Speech

    We applaud Syria’s determination to ensure Assad’s chemical weapons programme is destroyed: UK statement at the UN Security Council

    Statement by Caroline Quinn, UK Deputy Political Coordinator, at the UN Security Council meeting on Syria.

    Let me start by welcoming the strong commitment of the Syrian government to turn the page of history. We applaud Syria’s determination to ensure once and for all that the Assad era chemical weapons programme is destroyed.

    The UK is greatly encouraged by Syria’s operational and logistical support to the deployments carried out by the Organisation for the Prohibition of Chemical Weapons, including access to sites and people, and by Syria’s commitment to engage with the international community.

    We also welcome the OPCW Technical Secretariat’s deployments to Syria in March and April. The persistence and professionalism shown by OPCW staff in Syria has been exceptional. As has the consistently high quality of the Technical Secretariat’s work on this important file in a very challenging technical environment.

    Important progress has been made towards setting up OPCW offices in Syria and the collection and analysis of samples.

    These are vital steps towards Syria’s full implementation of the Chemical Weapons Convention and UN Security Council resolution 2118, which the Assad regime so flagrantly violated.

    There is, however, President, much more work to do in a difficult operational environment. 

    Due to the secrecy and complexity of Assad’s illegal chemical weapons programme, the precise extent of the challenge ahead is still unknown.

    Allow me to make three brief points. 

    Firstly, both the Syrian government and the OPCW will need to be operationally agile to address any proliferation or health risks found in inspecting sites of concern.

    The OPCW’s role is vital. As mandated by the Chemical Weapons Convention and by resolution 2118, the OPCW must verify the Syrian-led declaration and destruction of any remaining elements of Assad’s chemical weapons programme.

    Secondly, to achieve this, the OPCW will need technical, financial and logistical assistance from the international community.

    The OPCW has provided States Parties with its estimated costs for its work in Syria. 

    The UK has already provided more than $1 million to the OPCW Syria Missions to support their immediate work and will look to provide further assistance. 

    We join High Representative Nakamitsu in encouraging others to also provide the necessary resources. In particular, President, we welcome Qatar’s role in representing Syria at the OPCW in The Hague.

    Finally, military action by neighbouring states risks delaying OPCW deployments as well as the preservation of evidence at chemical weapons sites. We therefore urge Israel to de-escalate their actions in Syria.

    President, we have a historic opportunity to rid Syria of Assad’s chemical weapons. 

    Let us do our part to support Syria and the OPCW, to enable the new Syrian government to finally close the file on the scourge of chemical weapons use, and on this dark chapter in Syria’s history.

    Updates to this page

    Published 5 June 2025

    MIL OSI United Kingdom –

    June 6, 2025
  • MIL-OSI: IDT Corporation Reports Third Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    Gross Profit +15% Year-over-Year to $112 MM; Record Gross Profit Margin of 37.1%
    Income from Operations +133% to $27 MM; Adjusted EBITDA +57% to $32 MM
    GAAP EPS Increased to $0.86 from $0.22; Non-GAAP EPS Increased to $0.90 from $0.38

    NEWARK, NJ, June 05, 2025 (GLOBE NEWSWIRE) — IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications solutions, today reported results for its third quarter fiscal year 2025, the three months ended April 30, 2025.

    THIRD QUARTER HIGHLIGHTS

    (Throughout this release, unless otherwise noted, results for the third quarter of fiscal year 2025 (3Q25) are compared to the third quarter of fiscal year 2024 (3Q24). All earnings per share (EPS) and other ‘per share’ results are per diluted share.)

      ● Key Businesses / Segments
      ○ NRS
      ■ Recurring revenue: +23% to $29.4 million;
      ■ Income from operations: +29% to $6.2 million;
      ■ Adjusted EBITDA: +29% to $7.2 million;
      ■ ‘Rule of 40’ score: 49;
      ○ BOSS Money / Fintech segment
      ■ BOSS Money transactions: +27% to 6.0 million;
      ■ BOSS Money revenue: +25% to $34.4 million;
      ■ Fintech segment gross profit: +31% to $22.6 million;
      ■ Fintech segment income from operations: +$4.9 million, to $4.3 million;
      ■ Fintech segment Adjusted EBITDA: +$4.8 million, to $5.0 million;
      ○ net2phone
      ■ Subscription revenue: +7% to $21.5 million (+11% on a constant currency basis);
      ■ Income from operations: +188% to $1.4 million;
      ■ Adjusted EBITDA: +50% to $3.2 million;
      ○ Traditional Communications
      ■ Gross profit: +5% to $43.4 million;
      ■ Income from operations: +39% to $17.3 million;
      ■ Adjusted EBITDA: +30% to $19.3 million;
      ● IDT Consolidated
      ○ Revenue: +1% to $302.0 million;
      ○ Gross profit (GP) / margin: GP +15% to $112.0 million; GP margin +470 bps to 37.1%;
      ○ Income from operations: +133% to $26.6 million;
      ○ GAAP EPS: Increased to $0.86 from $0.22;
      ○ Non-GAAP EPS: Increased to $0.90 from $0.38;
      ○ Adjusted EBITDA: +57% to $32.2 million;
      ○ CapEx: +14% to $5.4 million.

    REMARKS BY SHMUEL JONAS, CEO

    IDT’s third quarter was solid, with strong year-over-year gains, while slightly softer than our second quarter in part because of expected seasonal factors. Year-over-year revenue growth, and continued expansion of each of our business segments’ bottom-line results, drove a 133% year-over-year increase in consolidated income from operations, a 57% increase in consolidated Adjusted EBITDA, and a 290% increase in EPS.

    At NRS, recurring revenue increased 23% year-over-year, powered by a 37% revenue increase from NRS’ largest vertical, Merchant Services, and a 33% increase in SaaS Fees, which more than offset a 12% decrease in Advertising & Data revenue. Income from operations and Adjusted EBITDA were both up by 29% year-over-year, and the business has generated a record $32 million in Adjusted EBITDA over the past twelve months.

    Looking ahead, we continue to focus on developing new offerings that leverage the NRS platform to enable retailers to compete more effectively with large retail chains. For instance, independent neighborhood retailers have not yet meaningfully benefitted from the consumer shift to online ordering and delivery. We are working to change that by integrating our network with online ordering and delivery platforms, enabling retailers on the NRS network to provide hyper-fast local delivery of sundries and prepared foods. The 100 or so retailers we have signed up so far are already receiving, in aggregate, over 2000 delivery orders a week.

    BOSS Money, our remittance platform, increased transactions by 27% and revenue by 25%. The growth rates have been impacted by the deliberate shift we made last summer to prioritize gross profit per transaction in our retail channel rather than market share, and by a recent shift in customer preferences toward larger send amounts per remittance through fewer transactions. The Fintech segment, which includes BOSS Money and early stage fintech initiatives, generated over $5 million in Adjusted EBITDA – compared to $244 thousand in the year ago quarter. Looking ahead, Boss Money is working on initiatives to drive sustained long-term growth and innovations that reduce cross border friction and increase profitability.

    net2phone continued its steady progress with balanced growth in the U.S., Brazil, and Mexico. The team has done a great job growing its business while holding the line on overhead. net2phone’s Adjusted EBITDA margin reached 15% in 3Q25. net2phone began to offer its AI Agents this quarter and customers are already seeing the benefits, including enhanced efficiency. Even as we deploy AI Agents refined for specific market verticals, we are preparing to launch another AI-powered service which internally we refer to as ‘Coach.’ We think that it will be very successful.

    In our Traditional Communications segment, income from operations and Adjusted EBITDA both jumped by over 30% year-over-year to $17.3 million and $19.3 million, respectively, underscoring that this segment continues to be a long-term cash generator.

    I want to wrap up by thanking the millions of customers who put some of their hard-earned wages to work through our BOSS offerings, and the business customers around the world who rely on us to enhance their businesses and communications. Our ability to provide these services depends on the dedication of our employees who have been executing and innovating on so many fronts, and on our stockholders who entrust us with their capital. I am grateful for your continued patronage and support.

    (This release discloses certain Non-GAAP financial measures (Adjusted EBITDA, Non-GAAP EPS and NRS ‘Rule of 40’) as well as certain Key Performance Metrics (net2phone subscription revenue, netphone constant currency subscription revenue growth rate, net2phone operating margin, net2phone Adjusted EBITDA margin, NRS Monthly Average Recurring Revenue, and BOSS Money transactions and digital send volume). Please see the explanations of those measures and metrics, the reasons for their inclusion and reconciliations at the end of this release.)

    3Q25 RESULTS BY SEGMENT

    National Retail Solutions (NRS)

    National Retail Solutions (NRS)
    (Terminals and accounts at end of period. $ in millions, except for average revenue per terminal)

        3Q25     2Q25     3Q24     3Q25-3Q24
    (% Δ)
     
    Terminals and payment processing accounts                                
    Active POS terminals     35,600       34,800       30,300       +17.6 %  
    Payment processing accounts     25,500       23,900       19,500       +31.1 %  
                                     
    Recurring revenue                                
    Merchant Services & Other   $ 19.7     $ 18.1     $ 14.4       +37.3 %  
    Advertising & Data   $ 5.9     $ 10.0     $ 6.7       (12.3   )%
    SaaS Fees   $ 3.9     $ 3.5     $ 2.9       +32.8   %
    Total recurring revenue   $ 29.4     $ 31.6     $ 24.0       +22.9 %  
    POS terminal sales   $ 1.7     $ 1.3     $ 1.8       (2.9   )%
    Total revenue   $ 31.1     $ 33.0     $ 25.7       +21.1 %  
                                     
    Monthly average recurring revenue per terminal   $ 279     $ 310     $ 271       +3.0   %
                                     
    Gross profit   $ 28.4     $ 30.3     $ 22.1       +28.4   %
    Gross profit margin     91.3 %     91.8 %     86.1 %     +520   bps
    Technology & development   $ 2.3     $ 2.2     $ 1.7       +32.5   %
    SG&A   $ 20.0     $ 19.0     $ 15.7       +27.8   %
    Income from operations   $ 6.2     $ 9.1     $ 4.8       +29.3   %
    Adjusted EBITDA   $ 7.2     $ 10.1     $ 5.6       +28.6   %
    CapEx   $ 1.9     $ 0.9     $ 0.9       +115.2   %


    NRS Take-Aways / Updates:

      ● NRS added approximately 900 net active terminals and approximately 1,600 net payment processing accounts during 3Q25. As mentioned in the prior quarter’s earnings release, net active terminal additions for 3Q25 included churn of approximately 300 terminals operating in seasonal stores.
      ● The 37% year-over-year increase in Merchant Services & Other revenue was driven by the increase in payment processing accounts, and by higher merchant services revenue per account, reflecting in part the ongoing, gradual migration of customer payment preference from cash to credit and debit cards.
      ● NRS Advertising & Data revenue declined 12.3% year-over-year due to NRS’ decision to slow sales to one large programmatic partner in order to limit potential bad debt risk exposure. NRS’ direct channel advertising sales, as well as sales to other programmatic partners, remained robust.
      ● NRS has begun rolling out the first of several planned integrations of its POS platform with leading online ordering and delivery services. The first integration, with DoorDash, went live this quarter.


    Fintech

    Fintech
    (Transactions and $s in millions, except for average revenue per transaction)

        3Q25     2Q25     3Q24     3Q25-3Q24
    (% Δ, $)
     
    BOSS Money transactions     6.0       5.7       4.7         +27.0 %
                                     
    Fintech Revenue                                
    BOSS Money   $ 34.4     $ 33.5     $ 27.6         +24.7 %
    Other   $ 4.2     $ 3.3     $ 3.9         +7.0 %
    Total Revenue   $ 38.6     $ 36.8     $ 31.5         +22.5 %
                                     
    Gross profit   $ 22.6     $ 21.7     $ 17.3         +30.6 %
    Gross profit margin     58.5 %     58.9 %     54.9 %       +360 bps
    Technology & development   $ 2.2     $ 2.3     $ 2.5         (11.9 )%
    SG&A   $ 16.0     $ 16.3     $ 15.3         +5.2 %
    Income (loss) from operations   $ 4.3     $ 3.1     $ (0.6 )     +$ 4.9  
    Adjusted EBITDA   $ 5.0     $ 3.9     $ 0.2       +$ 4.8  
    CapEx   $ 0.8     $ 0.8     $ 1.0         (19.8 )%


    Fintech Take-Aways:

    ● The 27% increase in BOSS Money transactions comprised a 32% year-over-year increase in digital channel transactions and an 8% increase in retail channel transactions.
    ● BOSS Money revenue increased 25% year-over-year driven by a 31% increase in digital channel revenue.
    ● Digital channel send volume, or the amount of principal transferred by BOSS Money customers using the BOSS Money and BOSS Revolution apps, grew 40% year-over-year as customers increased their amount sent per transaction while reducing the frequency of transactions. BOSS Money is testing strategies to optimize pricing given this recent dynamic.
    ● The robust increases in the Fintech segment’s income from operations and Adjusted EBITDA were driven primarily by BOSS Money revenue and gross margin growth, coupled with improved operating leverage as BOSS Money continues to scale.


    net2phone

    net2phone
    (Seats in thousands at end of period. $ in millions)

        3Q25     2Q25     3Q24     3Q25-3Q24

    (% Δ)

     
    Seats     415       410       384       +7.9 %
                                     
    Revenue                                
    Subscription revenue   $ 21.5     $ 21.0     $ 20.0       +7.4 %
    Other revenue   $ 0.5     $ 0.5     $ 0.6       (25.9 )%
    Total Revenue   $ 22.0     $ 21.5     $ 20.7       +6.4 %
                                     
    Gross profit   $ 17.5     $ 17.0     $ 16.4       +6.9 %
    Gross profit margin     79.6 %     79.2 %     79.2 %     +40 bps
    Technology & development   $ 2.9     $ 2.8     $ 2.8       +4.8 %
    SG&A   $ 13.0     $ 13.0     $ 13.0       (0.3 )%
    Income from operations   $ 1.4     $ 1.1     $ 0.5       +188 %
    Adjusted EBITDA   $ 3.2     $ 2.9     $ 2.1       +50.2 %
    CapEx   $ 1.4     $ 1.8     $ 1.6       (12.5 )%


    net2phone Take-Aways:

      ● The 8% year over year increase in total seats served was powered by continued expansion in key markets led by the U.S., Brazil, and Mexico. CCaaS seats served, which generate significantly higher revenue and margin per seat, increased by 9% year-over year.
      ● Subscription revenue increased by 7% year-over-year. The increase was tempered by the FX impact of a strengthened U.S. dollar versus local currencies in Latin America. On a constant currency basis, subscription revenue increased by 11% year over year, significantly higher than its rate of seat growth, as net2phone focuses on increasing ARPU.
      ● Income from operations increased 188% and Adjusted EBITDA increased 50% year-over-year, as operating margin increased to 6% from 2%, and Adjusted EBITDA margin increased to 15% from 10% in 3Q24.
      ● In 3Q25, net2phone began to deploy AI Agents, scalable virtual assistants providing exceptional customer experiences across sales, support, and administrative tasks. AI Agents have the potential to become significant revenue growth drivers in the coming quarters.
      ● net2phone is also preparing to launch an AI-powered offering that analyzes interactions to deliver real-time insights and personalized coaching for optimized performance.


    Traditional Communications

    Traditional Communications
    ($ in millions)

        3Q25     2Q25     3Q24     3Q25-3Q24
    (% Δ)
     
    Revenue                                
    IDT Digital Payments   $ 102.6     $ 101.6     $ 101.6       +1.0 %
    BOSS Revolution   $ 51.7     $ 53.3     $ 63.2       (18.1 )%
    IDT Global   $ 50.0     $ 51.3     $ 50.1       (0.0 )%
    Other   $ 5.9     $ 5.8     $ 6.9       (14.9 )%
    Total Revenue   $ 210.2     $ 212.0     $ 221.7       (5.2 )%
                                     
    Gross profit   $ 43.4     $ 43.1     $ 41.2       +5.3 %
    Gross profit margin     20.7 %     20.3 %     18.6 %     +210 bps
    Technology & development   $ 5.4     $ 5.4     $ 5.6       (4.3 )%
    SG&A   $ 20.5     $ 19.4     $ 22.7       (9.5 )%
    Income from operations   $ 17.3     $ 18.1     $ 12.5       39.2 %
    Adjusted EBITDA   $ 19.3     $ 20.2     $ 14.9       30.1 %
    CapEx   $ 1.3     $ 1.2     $ 1.2       +5.6 %


    Traditional Communications Take-Aways:

    ● Even as revenue decreased continuing an expected trend, gross profit increased year over year and sequentially.
    ● Income from operations and Adjusted EBITDA benefitted from the growth in gross profit and the reduction in SG&A expense.


    OTHER FINANCIAL RESULTS

    Consolidated results for all periods presented include corporate overhead. In 3Q25, Corporate G&A expense increased to $2.7 million from $2.3 million in 3Q24.

    As of April 30, 2025, IDT held $223.8 million in cash, cash equivalents, debt securities, and current equity investments. Also at April 30, 2025, current assets totaled $498.3 million and current liabilities totaled $287.2 million. The Company had no outstanding debt at the quarter end.

    Net cash provided by operating activities was $75.7 million in 3Q25 compared to $9.5 million in 3Q24. Exclusive of changes in customer funds deposits at IDT’s Fintech segment, net cash provided by operating activities was $66.1 million in 3Q25 compared to $8.2 million in 3Q24. The large, year-over-year increase in cash reflects, for the most part, the timing of disbursement prefunding payments made by IDT to cover anticipated BOSS Money weekly remittance activity.

    Capital expenditures increased to $5.4 million in 3Q25 from $4.7 million in 3Q24.

    DIVIDEND

    The Board of Directors of IDT Corporation has approved payment of a quarterly dividend of $0.06 on IDT’s Class A and Class B Common stock. Payment will be made on June 18, 2025 to stockholders of record at the close of business on June 9th.

    IDT EARNINGS ANNOUNCEMENT INFORMATION

    This release is available for download in the “Investors & Media” section of the IDT Corporation website (https://www.idt.net/investors-and-media) and has been filed on a current report (Form 8-K) with the SEC.

    IDT will host an earnings conference call beginning at 5:00 PM Eastern today with management’s discussion of results followed by Q&A with investors. To listen to the call and participate in the Q&A, dial 1-888-506-0062 (toll-free from the U.S.) or 1-973-528-0011 (international) and provide the following access code: 491722.

    A replay of the conference call will be available approximately three hours after the call concludes through June 19, 2025. To access the call replay, dial 1-877-481-4010 (toll-free from the U.S.) or 1-919-882-2331 (international) and provide this replay passcode: 52353. The replay will also be accessible via streaming audio at the IDT investor relations website.

    ABOUT IDT CORPORATION

    IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

    All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

    CONTACT

    IDT Corporation Investor Relations
    Bill Ulrey
    william.ulrey@idt.net
    973-438-3838

    IDT CORPORATION

    CONSOLIDATED BALANCE SHEETS

        April 30,
    2025
        July 31,
    2024
     
        (Unaudited)        
        (in thousands, except per share data)  
    Assets                
    Current assets:                
    Cash and cash equivalents   $ 199,948     $ 164,557  
    Restricted cash and cash equivalents     123,129       90,899  
    Debt securities     18,683       23,438  
    Equity investments     5,187       5,009  
    Trade accounts receivable, net of allowance for credit losses of $8,416 at April 30, 2025 and $6,352 at July 31, 2024     43,084       42,215  
    Settlement assets, net of reserve of $1,869 at April 30, 2025 and $1,866 at July 31, 2024     25,160       22,186  
    Disbursement prefunding     43,381       30,736  
    Prepaid expenses     13,837       17,558  
    Other current assets     25,865       25,927  
    Total current assets     498,274       422,525  
    Property, plant, and equipment, net     38,980       38,652  
    Goodwill     26,454       26,288  
    Other intangibles, net     5,372       6,285  
    Equity investments     6,904       6,518  
    Operating lease right-of-use assets     2,013       3,273  
    Deferred income tax assets, net     16,106       35,008  
    Other assets     6,805       11,546  
    Total assets   $ 600,908     $ 550,095  
                     
    Liabilities, redeemable noncontrolling interest, and equity                
    Current liabilities:                
    Trade accounts payable   $ 17,250     $ 24,773  
    Accrued expenses     91,408       103,176  
    Deferred revenue     27,513       30,364  
    Customer funds deposits     121,765       91,893  
    Settlement liabilities     14,105       12,764  
    Other current liabilities     15,121       16,374  
    Total current liabilities     287,162       279,344  
    Operating lease liabilities     1,213       1,533  
    Other liabilities     1,682       2,662  
    Total liabilities     290,057       283,539  
    Commitments and contingencies                
    Redeemable noncontrolling interest     11,357       10,901  
    Equity:                
    IDT Corporation stockholders’ equity:                
    Preferred stock, $.01 par value; authorized shares—10,000; no shares issued     —       —  
    Class A common stock, $.01 par value; authorized shares—35,000; 3,272 shares issued and 1,574 shares outstanding at April 30, 2025 and July 31, 2024     33       33  
    Class B common stock, $.01 par value; authorized shares—200,000; 28,528 and 28,177 shares issued and 23,656 and 23,684 shares outstanding at April 30, 2025 and July 31, 2024, respectively     285       282  
    Additional paid-in capital     307,757       303,510  
    Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 4,872 and 4,493 shares of Class B common stock at April 30, 2025 and July 31, 2024, respectively     (143,853 )     (126,080 )
    Accumulated other comprehensive loss     (19,812 )     (18,142 )
    Retained earnings     141,753       86,580  
    Total IDT Corporation stockholders’ equity     286,163       246,183  
    Noncontrolling interests     13,331       9,472  
    Total equity     299,494       255,655  
    Total liabilities, redeemable noncontrolling interest, and equity   $ 600,908     $ 550,095  


    IDT CORPORATION

    CONSOLIDATED STATEMENTS OF INCOME
    (Unaudited)

        Three Months Ended
    April 30,
        Nine Months Ended
    April 30,
     
        2025     2024     2025     2024  
        (in thousands, except per share data)  
           
    Revenues   $ 301,985     $ 299,643     $ 914,901     $ 896,946  
    Direct cost of revenues     190,023       202,599       583,201       608,982  
    Gross profit     111,962       97,044       331,700       287,964  
    Operating expenses:                                
    Selling, general and administrative (i)     72,267       68,962       214,039       200,685  
    Technology and development (i)     12,744       12,640       38,115       37,975  
    Severance     190       779       600       1,648  
    Other operating expense, net     175       3,231       403       3,041  
    Total operating expenses     85,376       85,612       253,157       243,349  
    Income from operations     26,586       11,432       78,543       44,615  
    Interest income, net     1,566       1,162       4,347       3,201  
    Other income (expense), net     2,608       (3,273 )     2,533       (6,326 )
    Income before income taxes     30,760       9,321       85,423       41,490  
    Provision for income taxes     (7,798 )     (2,979 )     (21,766 )     (10,918 )
    Net income     22,962       6,342       63,657       30,572  
    Net income attributable to noncontrolling interests     (1,270 )     (791 )     (4,448 )     (2,937 )
    Net income attributable to IDT Corporation   $ 21,692     $ 5,551     $ 59,209     $ 27,635  
    Earnings per share attributable to IDT Corporation common stockholders:                                
    Basic   $ 0.86     $ 0.22     $ 2.35     $ 1.10  
    Diluted   $ 0.86     $ 0.22     $ 2.34     $ 1.09  
    Weighted-average number of shares used in calculation of earnings per share:                                
    Basic     25,165       25,345       25,177       25,233  
    Diluted     25,249       25,516       25,312       25,380  
                                     
    (i) Stock-based compensation included in total operating expenses   $ 946     $ 2,118     $ 2,720     $ 5,375  

      
    IDT CORPORATION
    CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

        Nine Months Ended
    April 30,
     
        2025     2024  
        (in thousands)  
    Operating activities                
    Net income   $ 63,657     $ 30,572  
    Adjustments to reconcile net income to net cash provided by operating activities:                
    Depreciation and amortization     15,702       15,256  
    Deferred income taxes     18,902       8,830  
    Provision for credit losses, doubtful accounts receivable, and reserve for settlement assets     4,465       3,010  
    Stock-based compensation     2,720       5,375  
    Other     1,735       4,065  
    Change in assets and liabilities:                
    Trade accounts receivable     (4,649 )     (9,000 )
    Settlement assets, disbursement prefunding, prepaid expenses, other current assets, and other assets     (8,932 )     6,797  
    Trade accounts payable, accrued expenses, settlement liabilities, other current liabilities, and other liabilities     (19,486 )     (10,467 )
    Customer funds deposits     25,327       1,243  
    Deferred revenue     (3,382 )     (2,903 )
    Net cash provided by operating activities     96,059       52,778  
    Investing activities                
    Capital expenditures     (15,507 )     (13,621 )
    Purchase of convertible preferred stock in equity method investment     (926 )     (1,513 )
    Purchases of debt securities and equity investments     (29,083 )     (27,593 )
    Proceeds from maturities and sales of debt securities and redemptions of equity investments     35,005       41,527  
    Net cash used in investing activities     (10,511 )     (1,200 )
    Financing activities                
    Dividends paid     (4,036 )     (1,269 )
    Distributions to noncontrolling interests     (100 )     (62 )
    Proceeds from borrowings under revolving credit facility     24,551       32,864  
    Repayment of borrowings under revolving credit facility.     (24,551 )     (32,864 )
    Purchase of restricted shares of net2phone common stock     —       (3,558 )
    Proceeds from exercise of stock options     —       172  
    Repurchases of Class B common stock     (17,773 )     (7,207 )
    Net cash used in financing activities     (21,909 )     (11,924 )
    Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents     3,982       (5,632 )
    Net increase in cash, cash equivalents, and restricted cash and cash equivalents     67,621       34,022  
    Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period     255,456       198,823  
    Cash, cash equivalents, and restricted cash and cash equivalents at end of period   $ 323,077     $ 232,845  
                     
    Supplemental schedule of non-cash financing activities                
    Shares of the Company’s Class B common stock issued to executive officers for bonus payments   $ 1,824     $ 1,495  
    Value of the Company’s Class B common stock exchanged for National Retail Solutions shares   $ 442     $ 6,254  
    Shares of the Company’s Class B common stock issued for business acquisition   $ —     $ 100  


    Reconciliation of Non-GAAP Financial Measures for the Third Quarter Fiscal 2025 and 2024

    In addition to disclosing financial results that are determined in accordance with generally accepted accounting principles in the United States of America (GAAP), IDT also disclosed (a) Adjusted EBITDA for 3Q25, 2Q25, and 3Q24, (b) non-GAAP earnings per diluted share (Non-GAAP EPS) for 3Q25 and 3Q24, and (c) NRS’ and Fintech segment’s ‘Rule of 40’ score for 3Q25. These are non-GAAP financial measures intended to provide useful information that supplements IDT’s or the relevant segment’s results in accordance with GAAP. The following explains these terms and their respective reconciliations to the most directly comparable GAAP measures.

    Generally, a non-GAAP measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP.

    IDT’s measure of Non-GAAP EPS is calculated by dividing non-GAAP net income by the diluted weighted-average shares. IDT’s measure of non-GAAP net income starts with net income attributable to IDT in accordance with GAAP and adds severance expense, stock-based compensation, and other operating expenses, and deducts other operating gains. These additions and subtractions are non-cash and/or non-routine items in the relevant fiscal 2025 and fiscal 2024 periods.

    Management believes that IDT’s Adjusted EBITDA and Non-GAAP EPS are measures which provide useful information to both management and investors by excluding certain expenses and non-routine gains and losses that may not be indicative of IDT’s or the relevant segment’s core operating results. Management uses Adjusted EBITDA, among other measures, as a relevant indicator of core operational strengths in its financial and operational decision making. In addition, management uses Adjusted EBITDA and Non-GAAP EPS to evaluate operating performance in relation to IDT’s competitors. Disclosure of these financial measures may be useful to investors in evaluating performance and allow for greater transparency of the underlying supplemental information used by management in its financial and operational decision-making. In addition, IDT has historically reported similar financial measures and believes such measures are commonly used by readers of financial information in assessing performance, therefore the inclusion of comparative numbers provides consistency in financial reporting.

    Management refers to Adjusted EBITDA, as well as the GAAP measures income (loss) from operations and net income, on a segment and/or consolidated level to facilitate internal and external comparisons to the segments’ and IDT’s historical operating results, in making operating decisions, for budget and planning purposes, and to form the basis upon which management is compensated.

    While depreciation and amortization are considered operating costs under GAAP, these expenses primarily represent the non-cash current period allocation of costs associated with long-lived assets acquired or capitalized in prior periods. IDT’s Adjusted EBITDA, which is exclusive of depreciation and amortization, is a useful indicator of its current performance.

    Severance expense is excluded from the calculation of Adjusted EBITDA and Non-GAAP EPS. Severance expense is reflective of decisions made by management in each period regarding the aspects of IDT’s and its segments’ businesses to be focused on in light of changing market realities and other factors. While there may be similar charges in other periods, the nature and magnitude of these charges can fluctuate markedly and do not reflect the performance of IDT’s core and continuing operations.

    Other operating expense, net, which is a component of income (loss) from operations, is excluded from the calculation of Adjusted EBITDA and Non-GAAP EPS. Other operating expense, net in 3Q25, 2Q25, and 3Q24 primarily includes legal fees related to Straight Path Communications Inc.’s stockholders’ class action and equipment write-offs. From time-to-time, IDT may have gains or incur costs related to non-routine legal, tax, and other matters, however, these various items generally do not occur each quarter. IDT believes the gain and losses from these non-routine matters are not components of IDT’s or the relevant segment’s core operating results.

    Stock-based compensation recognized by IDT and other companies may not be comparable because of the variety of types of awards as well as the various valuation methodologies and subjective assumptions that are permitted under GAAP. Stock-based compensation is excluded from IDT’s calculation of Non-GAAP EPS because management believes this allows investors to make more meaningful comparisons of the operating results per share of IDT’s core business with the results of other companies. However, stock-based compensation will continue to be a significant expense for IDT for the foreseeable future and an important part of employees’ compensation that impacts their performance.

    Adjusted EBITDA and Non-GAAP EPS should be considered in addition to, not as a substitute for, or superior to, income (loss) from operations, cash flow from operating activities, net income, basic and diluted earnings per share or other measures of liquidity and financial performance prepared in accordance with GAAP. In addition, IDT’s measurements of Adjusted EBITDA and Non-GAAP EPS may not be comparable to similarly titled measures reported by other companies.

    The ‘Rule of 40’ score is a metric used to evaluate the performance of SaaS providers. It postulates that a SaaS provider’s revenue growth rate plus its EBITDA margin should equal or exceed 40 percent. The ‘Rule of 40’ is typically used to assess a company’s balance between growth and profitability. A total of over 40 is thought to indicate a healthy combination of expansion and financial stability, making it a useful tool for management and investors to gauge the potential for long-term success and make informed decisions about resource allocation and business strategy.

    NRS’ ‘Rule of 40’ score is computed by adding (a) the growth rate of NRS’ recurring revenue for the relevant period compared to the corresponding year ago period to (b) NRS’ Adjusted EBITDA margin for the twelve month period through the end of the current period. NRS’ recurring revenue is calculated by subtracting NRS’ revenue from POS terminal sales from its total GAAP revenue. Adjusted EBITDA is a non-GAAP measure as discussed above. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by GAAP revenue for the relevant period.

    Following are reconciliations of Adjusted EBITDA and Non-GAAP EPS to the most directly comparable GAAP measure, which are, (a) for Adjusted EBITDA, (i) income (loss) from operations for IDT’s reportable segments and (ii) net income for IDT on a consolidated basis, and (b) for Non-GAAP EPS, diluted earnings per share. Also following is NRS’ ‘Rule of 40’ score computation including the reconciliation of NRS’ Adjusted EBITDA to the most directly comparable GAAP measure, NRS’ income from operations.

    IDT Corporation
    Reconciliation of Net Income to Adjusted EBITDA
    (unaudited) in millions. Figures may not foot or cross-foot due to rounding to millions

        Total IDT Corporation     Traditional Communica-tions     net2phone     NRS     Fintech     Corporate  
    Three Months Ended April 30, 2025
    (3Q25)
                                       
    Net income attributable to IDT Corporation   $ 21.7                                          
    Adjustments:                                                
    Net income attributable to noncontrolling interests     1.3                                          
    Net income     23.0                                          
    Provision for income taxes     7.8                                          
    Income before income taxes     30.8                                          
    Interest income, net     (1.6 )                                        
    Other income, net     (2.6 )                                        
    Income (loss) from operations     26.6     $ 17.3     $ 1.4     $ 6.2     $ 4.3     $ (2.6 )
    Depreciation and amortization     5.2       1.9       1.6       1.0       0.7       –  
    Other operating expense, net     0.2       –       0.2       –       –       –  
    Severance expense     0.2       0.2       –       –       –       –  
    Adjusted EBITDA   $ 32.2     $ 19.3     $ 3.2     $ 7.2     $ 5.0     $ (2.6 )
        Total IDT Corporation     Traditional Communica-tions     net2phone     NRS     Fintech     Corporate  
    Three Months Ended January 31, 2025
    (2Q25)
                                       
    Net income attributable to IDT Corporation   $ 20.3                                          
    Adjustments:                                                
    Net income attributable to noncontrolling interests     1.9                                          
    Net income     22.2                                          
    Provision for income taxes     7.7                                          
    Income before income taxes     29.9                                          
    Interest income, net     (1.4 )                                        
    Other income, net     (0.2 )                                        
    Income (loss) from operations     28.3     $ 18.1     $ 1.1     $ 9.1     $ 3.1     $ (3.1 )
    Depreciation and amortization     5.2       1.9       1.6       1.0       0.8       –  
    Other operating expense, net     0.2       –       0.2       –       –       –  
    Severance expense     0.2       0.2       –       –       –       –  
    Adjusted EBITDA   $ 34.0     $ 20.2     $ 2.9     $ 10.1     $ 3.9     $ (3.1 )


    IDT Corporation

    Reconciliation of Net Income to Adjusted EBITDA
    (unaudited) in millions. Figures may not foot or cross-foot due to rounding to millions

        Total IDT Corporation     Traditional Communica-tions     net2phone     NRS     Fintech     Corporate  
    Three Months Ended April 30, 2024
    (3Q24)
                                       
    Net income attributable to IDT Corporation   $ 5.6                                          
    Adjustments:                                                
    Net income attributable to noncontrolling interests     0.8                                          
    Net income     6.3                                          
    Provision for income taxes     3.0                                          
    Income before income taxes     9.3                                          
    Interest income, net     (1.2 )                                        
    Other expense, net     3.3                                          
    Income (loss) from operations     11.4     $ 12.5     $ 0.5     $ 4.8     $ (0.6 )   $ (5.7 )
    Depreciation and amortization     5.1       2.0       1.6       0.8       0.7       –  
    Severance expense     0.8       0.4       0.1       –       –       0.3  
    Other operating expense, net     3.2       –       –       –       0.1       3.2  
    Adjusted EBITDA   $ 20.6     $ 14.9     $ 2.1     $ 5.6     $ 0.2     $ (2.3 )


    IDT Corporation

    Reconciliation of Earnings per share to Non-GAAP EPS
    (unaudited) in millions, except per share data. Figures may not foot due to rounding to millions.

        3Q25     3Q24  
                     
    Net income attributable to IDT Corporation   $ 21.7     $ 5.6  
    Adjustments (add) subtract:                
    Stock-based compensation     (0.9 )     (2.1 )
    Severance expense     (0.2 )     (0.8 )
    Other operating expense, net     (0.2 )     (3.2 )
    Total adjustments     (1.3 )     (6.1 )
    Income tax effect of total adjustments     (0.3 )     (2.0 )
          1.0       4.1  
    Non-GAAP net income   $ 22.7     $ 9.7  
                     
    Earnings per share:                
    Basic   $ 0.86     $ 0.22  
    Total adjustments     0.04       0.16  
    Non-GAAP – basic   $ 0.90     $ 0.38  
                     
    Weighted-average number of shares used in calculation of basic earnings per share     25.2       25.3  
                     
    Diluted   $ 0.86     $ 0.22  
    Total adjustments     0.04       0.16  
    Non-GAAP – diluted   $ 0.90     $ 0.38  
                     
    Weighted-average number of shares used in calculation of diluted earnings per share     25.2       25.5  


    IDT Corporation

    NRS’ ‘Rule of 40’ Score
    For 3Q25
    (unaudited) in millions. Figures may not foot due to rounding to millions.

        4Q24     1Q25     2Q25     3Q25     Trailing Twelve Months (TTM)
    3Q25
     
                                             
    Reconciliation of NRS’ Income from Operations to Adjusted EBITDA                                        
                                             
    Income from operations   $ 6.0     $ 6.6     $ 9.1     $ 6.2     $ 28.0  
    Depreciation and amortization     0.9       1.0       1.0       1.0       3.9  
    Other operating expense, net     0.2       –       –       –       0.2  
    Adjusted EBITDA   $ 7.1     $ 7.6     $ 10.1     $ 7.2     $ 32.0  
        3Q25     3Q24  
                     
    NRS’ ‘Rule of 40’ Score                
                     
    NRS recurring revenue   $ 29.4     $ 24.0  
    NRS other revenue     1.7       1.8  
    NRS total revenue   $ 31.1     $ 25.7  
                     
    NRS recurring revenue growth rate     23 %        
                     
    NRS TTM Adjusted EBITDA from above   $ 32.0          
    NRS TTM total revenue     122.7          
    NRS TTM Adjusted EBITDA margin     26 %        
                     
    Rule of 40     49 %        


    Explanation of Key Performance Metrics

    net2phone’s subscription revenue is calculated by subtracting net2phone’s equipment revenue and revenue generated by a legacy SIP trunking offering in Brazil from its revenue in accordance with GAAP. net2phone’s cloud communications and contact center offerings are priced on a per-seat basis, with customers paying based on the number of users in their organization. The number of seats served and subscription revenue trends and comparisons between periods are used in the analysis of net2phone’s revenues and direct cost of revenues and are strong indications of the top-line growth and performance of the business.

    Constant currency as it relates to revenue provides a framework for assessing net2phone’s performance that excludes the effect of foreign currency rate fluctuations. To determine net2phone’s subscription revenue growth on a constant currency basis, current period revenues from entities reporting in currencies other than U.S. Dollars (USD) were converted to USD at the average monthly exchange rates in effect during the prior fiscal year’s comparative period instead of the average monthly exchange rates in effect during the current period.

    net2phone’s operating margin is calculated by dividing GAAP income from operations by GAAP revenue for the period indicated. Operating margin measures the percentage that each dollar of revenue contributes to profitability. Operating margin is useful for evaluating current period profitability relative to sales, for comparisons to prior period performance, for forecasting future income from operations levels based on projected levels of sales, and for comparing net2phone’s relative profitability to its competitors and peers.

    net2phone’s Adjusted EBITDA margin is calculated by dividing net2phone’s Adjusted EBITDA, a Non-GAAP measure, by net2phone’s GAAP revenue for the comparable quarter or period. Adjusted EBITDA margin measures the percentage that each dollar of revenue contributes to profitability before interest, taxes, depreciation and amortization, and other adjustments as described in the Reconciliation of Non-GAAP Financial Measures. net2phone’s Adjusted EBITDA margin is useful for evaluating current period profitability relative to sales, for comparisons to prior period performance, for forecasting future Adjusted EBITDA levels based on projected levels of sales, and for comparing net2phone’s relative profitability to its competitors and peers.

    NRS’ Monthly Average Recurring Revenue per Terminal is calculated by dividing NRS’ recurring revenue as defined above by the average number of active POS terminals during the period. The average number of active POS terminals is calculated by adding the beginning and ending number of active POS terminals during the period and dividing by two. NRS’ recurring revenue divided by the average number of active POS terminals is divided by three when the period is a fiscal quarter. Recurring revenue and Monthly Average Recurring Revenue per Terminal are useful for comparisons of NRS’ revenue and revenue per customer to prior periods and to competitors and others in the market, as well as for forecasting future revenue from the customer base.

    BOSS Money transactions are a nonfinancial metric that measures customer usage during a reporting period. BOSS Money’s digital send volume is the aggregate amount of principal remitted by BOSS Money’s digital customers – those using the BOSS Money and BOSS Revolutions apps to originate remittances. Digital send volume is a key metric for evaluating the operational performance of the digital channel of the remittance business, and for comparing the performance of BOSS Money’s digital channel to competitors in the remittance business as well as to performance to other temporal periods.

    # # #  

    The MIL Network –

    June 6, 2025
  • MIL-OSI: Insurtech Insights USA 2025: Event Round-Up from Day Two

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) — Insurtech Insights USA 2025, concluded today at the Javits Center, wrapping up two impactful days of insightful conversations, cross-sector collaboration, and high-level dealmaking. With over 6,000 delegates and more than 400 industry leaders in attendance, this year’s edition firmly cemented the event’s position as the foremost gathering for insurance innovation in North America and the largest ever Insurtech Insights USA conference.

    A Media Snippet accompanying this announcement is available in this link.

    Reflecting on the success of the event, Kristoffer Lundberg, Founder & CEO of Insurtech Insights, said, “As we close out two powerful days of dialogue, dealmaking, and discovery, one message echoes throughout the Javits Center: insurance is no longer just about risk, it’s about being resilient. From agentic AI to behavioral underwriting, from redefining customer trust to unlocking global M&A potential, this year’s event captured a sector rewriting its operating system. Thank you to our partners, speakers, and 6,000+ attendees for reaffirming that innovation in insurance isn’t a buzzword, it’s our collective mission.”

    Day Two Highlights: AI at the Forefront of Transformation

    The day was packed with several thought-provoking panels, keynotes, and moderated discussion sessions across the six stages. Some of the highlights on the main stage were sessions like “Facing into AI: The Potential and Uncertainty,” a compelling conversation between Lucy Pilko, CEO of AXA XL Americas, and Naveen Agarwal, Senior Advisor at BCG and CEO of NavDots. Together, they unpacked the double-edged nature of AI in insurance, stressing the need for thoughtful implementation as insurers and clients alike navigate the transformative and sometimes uncertain possibilities of AI.

    Later on the main stage, the session “A Year Later for AI and GenAI in Insurance: The Reality and Growing Real Business Value” showcased how far the industry has come in just 12 months. Moderated by Denise Garth, Chief Strategy Officer at Majesco, the panel included Robert Pick, EVP and Chief Information Officer, Tokio Marine North America Services, Manish Sha, President Chief Product Officer at Majesco, and Jim DeMarco, Insurance Advisor Lead, Microsoft. The speakers shared real-world results of AI implementation, with early benchmarking showing up to 10–20x productivity improvements in underwriting and customer service. They also addressed how GenAI is simplifying complex workflows, accelerating onboarding, and helping insurers meet rising customer expectations, especially as nearly 50% of the workforce approaches retirement by 2030.

    In the afternoon, the session “Operationalizing AI in Insurance: Key Considerations for Full-Scale Implementation” drew a packed audience. Moderated by Karlyn Carnahan, Head of P&C Insurance, Celent, the panel featured Dan Moore, Senior Vice President of Claims Shared Services, CNA Insurance, Anurag Bairathi, Chief Claims Officer, Mapfre, and Yuval Man, CEO and Co-Founder, DigitalOwl. Speakers offered practical insights into scaling AI responsibly, underscoring the need for human-in-the-loop processes, AI governance, bias testing, and strong organizational guardrails to ensure safe and effective deployment across underwriting and claims operations.

    The final main stage session, “Regulators & Risk Takers: Aligning Vision for the Future of Insurance,” brought together Commissioners Jon Godfread, Glen Mulready, and Andrew Mais from North Dakota, Oklahoma, and Connecticut, respectively. Moderated by Susan Winkler, VP and Executive Director, Connecticut Insurance and Financial Services, the conversation centered on finding common ground between regulatory oversight and industry innovation. The panelists agreed that open dialogue and coordinated action between regulators and carriers are essential to shaping a future-ready insurance ecosystem in an era marked by climate volatility, AI disruption, and rapid digital transformation.

    The closing of Insurtech Insights USA 2025 marks a pivotal moment in the industry’s journey from legacy operations toward data-powered, customer-centric, and resilient growth models. With AI no longer a concept on the horizon but a force embedded in today’s operations, this year’s conference showcased not just where the industry is going but also the leaders who are already taking it there.

    Registrations for Insurtech Insights 2026 early bird are now open, and you can buy with ease: a 30-day full money-back guarantee.

    About Insurtech Insights USA

    Insurtech Insights USA is the leading global conference for the insurtech industry, bringing together experts, innovators, and thought leaders to discuss the latest trends, challenges, and opportunities shaping the future of insurance. With a focus on innovation, collaboration, and disruption, Insurtech Insights USA provides a platform for networking, learning, and driving meaningful change in the insurance sector.

    For media queries and other information, please contact:

    Girish Jaggi
    Senior Account Manager
    The MicDrop Agency
    girish@themicdropagency.com
    +1 (289) 623 3627

    The MIL Network –

    June 6, 2025
  • MIL-OSI Video: The UN Must Return to its Founding Purpose

    Source: United States of America – Department of State (video statements)

    Deputy Spokesperson Tommy Pigott: The U.S. vetoed a counterproductive @UN Security Council resolution that targeted Israel and failed to condemn Hamas. As President Trump has made clear, we will not support any resolution that fails to demand Hamas disarm, leave Gaza, and release all hostages.

    ———-
    Under the leadership of the President and Secretary of State, the U.S. Department of State leads America’s foreign policy through diplomacy, advocacy, and assistance by advancing the interests of the American people, their safety and economic prosperity. On behalf of the American people we promote and demonstrate democratic values and advance a free, peaceful, and prosperous world.

    The Secretary of State, appointed by the President with the advice and consent of the Senate, is the President’s chief foreign affairs adviser. The Secretary carries out the President’s foreign policies through the State Department, which includes the Foreign Service, Civil Service and U.S. Agency for International Development.

    Get updates from the U.S. Department of State at www.state.gov and on social media!
    Facebook: https://www.facebook.com/statedept
    X: https://x.com/StateDept
    Instagram: https://www.instagram.com/statedept
    Flickr: https://flickr.com/photos/statephotos/
    Rumble: https://rumble.com/c/StateDept
    Substack: https://statedept.substack.com

    Watch on-demand State Department videos: https://video.state.gov/
    Subscribe to The Week at State e-newsletter: https://public.govdelivery.com/accounts/USSTATEBPA/signup/32562

    State Department website: https://www.state.gov/
    Careers website: https://careers.state.gov/
    White House website: https://www.whitehouse.gov/
    Terms of Use: https://state.gov/tou

    #StateDepartment #DepartmentofState #Diplomacy

    https://www.youtube.com/watch?v=6xOnNd_Scig

    MIL OSI Video –

    June 6, 2025
  • MIL-OSI USA: Zinke, Daines, Smith, Larsen Introduce Bill to Combat Drug Trafficking in Montana’s Tribal Communities

    Source: US Congressman Ryan Zinke (Western Montana)

    WASHINGTON, D.C. – Representative Ryan Zinke (R-Mont.), U.S. Senator Steve Daines (R-Mont.), Senator Tina Smith (D-Minn.), and Representative Rick Larsen (D-Wash.), today announced the bipartisan “Protection for Reservation Occupants Against Trafficking and Evasive Communications Today (PROTECT) Act” to combat drug trafficking in tribal communities. The “PROTECT Act” would expand Special Tribal Criminal Jurisdiction (STCJ) to allow tribal nations to prosecute non-Native offenders for drug trafficking. It would also allow tribal courts to execute warrants for electronic material to better combat drug traffickers and other criminals. 

     “I’ve sat down with tribal leaders across Western Montana, and the devastation of the opioid crisis is both heartbreaking and unacceptable. The PROTECT Act gives Tribal Nations the tools and authority they need to take on the opioid crisis. It’s time we empower tribal courts and law enforcement to protect their communities and save lives,” said Zinke.

     “Under President Trump’s leadership, we’ve seen strong decisive action to secure the southern border and keep our communities safe. I’m proud to work alongside my bipartisan colleagues to further deliver on our promise to curb the spread of deadly drugs like fentanyl and crack down on crime. Protecting our Native American tribes while upholding and enhancing tribal sovereignty will always be one of my top priorities,” said Daines.

     “For years, Tribal leaders in Minnesota have raised the alarm that drug traffickers are exploiting complex legal jurisdiction on Tribal land, making Native communities some of the most hurt by the opioid and fentanyl epidemics. I hear directly from Tribal leaders about how their sheriffs will routinely arrest the same people for selling drugs, drop them off with the county police, and have to arrest them again the next day. The Tribe can’t do anything about it. The PROTECT Act would help Tribes fight back against these drug traffickers. This proposal is bipartisan and common sense, and it respects and upholds Tribes’ inherent sovereignty and right to protect their people,” said Smith. 

     “The opioid epidemic has devastated Northwest Washington,” said Rep. Larsen. “Tribes in my district have continually told me about the unique challenges their courts and law enforcement face to stop drug trafficking on Tribal land. This bill would give Tribes the tools they need to protect tribal sovereignty, save lives and keep Tribes and communities across Northwest Washington safe,” said Larsen. 

     Read the bill text HERE.

     Representatives Marie Gluesenkamp-Perez (D-Wash.), Jeff Hurd (R-Colo.), Mike Simpson (R-Idaho), Tom Cole (R-Okla.), and Dan Newhouse (R-Wash.) joined in introducing the companion bill in the U.S. House of Representatives. 

     

    ### 

    MIL OSI USA News –

    June 6, 2025
  • MIL-OSI USA: Durbin On Republicans’ Reconciliation Bill: The American People Did Not Vote For This Disaster

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    June 05, 2025

    In a speech on the Senate floor, Durbin slammed the Republican reconciliation plan that will kick 16 million Americans off their health care coverage, close rural hospitals

    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL) delivered a speech on the Senate floor exposing the disastrous provisions in the Republicans’ reconciliation plan that will slash health care and eliminate jobs to pay for tax cuts for billionaires.  In his remarks, Durbin underscored that this legislation will harm Americans, as the Congressional Budget Office (CBO) released new estimates showing that 16 million Americans will lose their health insurance under this plan.

    “What exactly were people voting for in the last presidential election?  Well, many things… but the recurring theme seems to be the cost of living for the average family, the ability of mothers and fathers to make ends meet, and to see a realization of their dreams and aspirations.  But we were told, over and over again, that families across this country were being overwhelmed by the cost of living, gas, groceries, housing.  And so they gave a majority of the votes to President Trump, who promised he would ‘Make America Great Again.’  Since taking office, I don’t believe that the President has come near to keeping his promise,” Durbin began.  “Instead he has hired many of his billionaire buddies and cut deals with the ultra-wealthy that will harm the same Americans who voted for him.”

    “Hidden in more than 1,000 pages in the bill that passed the House of Representatives is a plan, a laundry list of things, that I don’t believe Americans even considered voting for in the last November election.  They’re going to have a devastating impact on families in states, red and blue alike… Billionaires are going to win, and American families are going to lose,” Durbin said.

    Durbin spoke about the impact of the $800 billion cuts to Medicaid included in the reconciliation bill, emphasizing that if those cuts are carried out, rural hospitals will be forced to close because they rely on Medicaid funding to operate.  Nationwide, half of all rural hospitals already operate with negative margins, and more than 300 rural hospitals are at immediate risk of closure, including 26 in Kansas, 22 in Alabama, and nine in Missouri.

    “Do you think the voters in last November’s election for President of the United States would actually vote to close down their local hospital?  That’s what’s looming,” Durbin continued.  “Three weeks ago, 20 hospital administrators from across the state of Illinois, from Chicago down to the southernmost part of our state, all took a special trip to Washington to warn me that the bill that was pending before the House of Representatives threatened the survival of hospitals across our state.  These are hospitals which are not only critical for providing professional medical care, delivering babies, saving people’s lives who were in automobile accidents, but also major parts of the local economy.”

    “You come to rural, small town Midwest America and ask the impact of the local hospital, and they’ll tell you, ‘we don’t know that we can keep a business or attract a business if we didn’t have it.  We count on it every day to be there when we need it.’  And, secondly, it’s a major employer. In fact, in most towns, the biggest employers in downstate,” Durbin said.  “Then they warned me, many of these hospitals are hanging on by a thread.  The money that they receive from government insurance programs like Medicaid keeps the doors open and the lights on and the doctors in town.  And now we have a proposal from Republicans to cut that Medicaid benefit and coverage for 16 million Americans.”

    As if those deep cuts to Medicaid and the Affordable Care Act were not harmful enough, Republicans have included a $500 billion cut to Medicare, despite promises to protect the program in their reconciliation bill. 

    “Now you dig deeply into this Republican budget bill that has come over from the House of Representatives, and it turns out… they’re also cutting Medicare,” Durbin said.  “Republicans couldn’t help themselves, they slashed Medicare benefits and reduced access to hospitals, nursing homes, and medications for seniors in all 50 states.”

    “Why would Republicans in Congress take a wrecking ball to these two major parts of our health care system?  To provide money for tax breaks for the wealthiest people in America,” Durbin continued. 

    “It sounds like Republicans in Congress want to be the ones deciding who is worthy of health care in America.  But Americans who depend on Medicaid are not strangers.  They’re your neighbors.  They’re people at your church, at your school, and at your work.  It probably is your family too.  If you or your loved one gets sick, will congressional Republicans deem you worthy of seeing a doctor?” Durbin said. 

    Durbin continued on, arguing that the American people did not vote to lose their health care to pad the pockets of billionaires.

    “Is that what this election was all about?  Did the American people vote for tax cuts for billionaires?  I don’t think so,” Durbin said. 

    “A party like the Republicans who claim they’re the party of the working class.  ‘Working class’ billionaires?  They refuse to put their money where their mouth is,” Durbin said.  “Republicans in Congress may try to say they’re just trying to lower your taxes, but most of the benefit is going to wealthy people who won’t even notice it.”

    “Under the Republican plan, taxpayers in the wealthiest 0.1 percent would get a $300,000 tax cut every year… Why? At the expense of health care for 16 million Americans?” Durbin said.

    Durbin also emphasized that the Republican plan would jeopardize thousands of jobs created by the Democrats’ Inflation Reduction Act, which invested in clean energy jobs across the country.  Since the passage of the legislation, 85 percent of investment in clean energy technologies has landed in Republican districts.

    “In just two years since passing the Inflation Reduction Act, businesses have announced 340 new clean technology projects.  One estimate says that this will create 150,000 permanent jobs,”Durbin said.  “The Republicans ‘big, ugly bill’ puts these jobs at risk, taking a hatchet to tax policy that make these projects possible. The promise of a Republican repeal has already scared the private sector into withdrawing a $14 billion investment and cancelling 10,000 clean energy manufacturing jobs. Why would the so-called party of the working class want to give their own constituents a pink slip?”

    Durbin concluded his remarks by urging his Republican colleagues in the Senate to oppose the legislation that will only benefit billionaires at the expense of their constituents.

    “My Republican colleagues must know that this plan does not ‘Make America Great Again.’  It makes our debt the greatest in the history of our nation.  It harms families in red and blue states,”Durbin said.

    “I urge a handful of my Republican colleagues, and that’s all it takes, show some courage, show some common sense.  Tell the folks in the House, and tell the White House as well, this approach is not going to work. Taking health insurance away from 16 million Americans, more than has ever happened in the history of this country, is fundamentally unfair, and we all know it,” Durbin said.

    “I urge my Republican colleagues to listen to their constituents. Because I know Americans who voted for Trump in November, did not vote for what I just described,” Durbin concluded his speech.

    Video of Durbin’s remarks on the Senate floor is available here.

    Audio of Durbin’s remarks on the Senate floor is available here.

    Footage of Durbin’s remarks on the Senate floor is available here for TV Stations.

    -30-

    MIL OSI USA News –

    June 6, 2025
  • MIL-OSI USA: Durbin Delivers Opening Statement During Senate Judiciary Committee Executive Business Meeting

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    June 05, 2025

    During his remarks, Durbin condemned the systematic gutting of the Department of Justice under AG Bondi

    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, delivered an opening statement during today’s Senate Judiciary Committee executive business meeting. Durbin’s opening statement outlined the Trump Administration’s systematic gutting of Department of Justice (DOJ) and FBI anti-corruption efforts, gutting of independent ethics review at DOJ, Attorney General Bondi’s conflicts of interest, and more.

    Key Quotes:

    “Under the Trump Administration, the Department of Justice is systematically removing the structure charged with fighting corruption in our government… In one of her first official acts, Attorney General Bondi disbanded the FBI’s Foreign Influence Task Force and restricted enforcement of the Foreign Agents Registration Act, despite the growing threat of foreign influence campaigns by hostile nations. Unfortunately, this was no surprise since the Attorney General herself was formerly a paid foreign agent of the government of Qatar. As a former head of FBI counterintelligence put it, this has created a ‘free for all for foreign intelligence services seeking influence on our government.’”

    “In another shocking move, President Trump ordered a halt to the enforcement of the Foreign Corrupt Practices Act. This landmark law prohibits companies from bribing foreign officials… After endless, baseless accusations that the Biden Administration weaponized DOJ, it is the Trump Administration that is making it easier to target its enemies, stifle dissent, and seek retribution.”

    “The Trump Administration also removed the senior career ethics official at DOJ who advised on conflicts of interest and other ethical issues—and put these duties in the hands of two inexperienced political appointees who are personally beholden to the Attorney General.”

    “In the absence of these internal guardrails, it’s not surprising that we’re witnessing outrageous misconduct. Attorney General Bondi did not recuse herself from President Trump’s solicitation of a free jet from the royal family of Qatar, despite the fact that AG Bondi was a registered foreign agent for [Qatar].”

    “Attorney General Bondi also appears to be reaping the financial rewards of her loyalty to the President. She has been deeply financially entangled with President Trump for years. Most notably, she earned at least $3 million on the merger that formed Trump Media and has held millions of dollars in Trump Media stock. She sold that stock under suspicious circumstances on a historic day—April 2, 2025. This was the same day President Trump announced his hairbrained tariff scheme that crashed the stock market and destroyed $10 trillion in wealth in three days… The share price of Trump Media plummeted 15 percent, yet Bondi appears to have avoided substantial financial loss.”

    “The Justice Department is involved in other activities that bear notice today. During his controversial and disgraceful tenure as Interim U.S. Attorney for the District of Columbia, Ed Martin fired numerous career prosecutors simply because they were assigned to work on January 6 cases. Mr. Martin was rewarded with a plum position at the Justice Department as the very first political appointee to serve as pardon attorney. During his short time in this role, Martin has overseen pardons of numerous Trump donors and supporters.”

    “In light of these concerns, we have a responsibility to call Attorney General Bondi under oath soon. So, I ask again, I hope we have that oversight hearing in the soon in the future.”

    Durbin also spoke in support of David Waterman, nominated to be the U.S. Attorney for the Southern District of Iowa. President Biden nominated Mr. Waterman last February and the Senate Judiciary Committee reported his nomination last April. Mr. Waterman became a victim of then-Senator Vance’s effort to block all U.S. Attorney nominees during under the Biden Administration. 

    Video of Durbin’s opening statement is available here.

    Audio of Durbin’s opening statement is available here.

    Footage of Durbin’s opening statement is available here for TV Stations.

    -30-

    MIL OSI USA News –

    June 6, 2025
  • MIL-OSI USA: News 06/5/2025 VIDEO: Blackburn Confronts Law Professor for Calling Conservative Justices ‘Evil’ and Urges Passage of Protect Our Supreme Court Justices Act

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)
    WASHINGTON, D.C. – U.S. Senator Marsha Blackburn (R-Tenn.) confronted University of Pennsylvania law professor Kate Shaw on referring to conservative United States Supreme Court justices as “evil colleagues” as Supreme Court justices have faced threats of intimidation at their homes by those seeking to influence their decisions. Professor Shaw denied these comments despite being under oath and her comments being on tape. Senator Blackburn also pressed Professor Shaw on whether she supports the Protecting Our Supreme Court Justices Act to deter intimidation of justices.

    Click here to download video of Senator Blackburn’s remarks during the Senate Judiciary Committee hearing. 
    On Shaw’s comments about Supreme Court justices:
    Blackburn: “Would you like to provide explanation about why you think conservative justices are evil? Do you care to explain yourself?”
    Shaw: “I would have to look at the transcript senator. I think that the dismissive approach to sex equality arguments in the Dobbs case was deeply concerning. One paragraph in the opinion suggests that there’s no sex equality problem with abortion restrictions or prohibitions. I think that’s deeply wrong, and in the more colloquial sort of mode of a podcast conversation. That is probably what I intended to convey, that he discounted very serious sex equality concerns.”
    On Blackburn’s Protecting Our Supreme Court Justices Act:
    Blackburn: “I’ve got a bill, the Protecting Our Supreme Court Justices Act, and it would deter intimidation of Supreme Court Justices. It would increase the maximum term of imprisonment for violation of Section 1507 from one year to five years… Increasing the maximum time jail time for a protester under 1507 is, I think, an effective way to deter this intimidation of our justices. So, I’d like to hear from each of you on this.”
    Shaw: “…I would need to take a look. I’m not prepared to take a position… If we’re talking about increasing penalties for violence, I would absolutely support that.”
    RELATED

    MIL OSI USA News –

    June 6, 2025
  • MIL-OSI USA: McClellan, Golden, Kim, Valadao Introduce Bipartisan Bill to Make Childbirth Free for Parents

    Source: United States House of Representatives – Congresswoman Jennifer McClellan (Virginia 4th District)

    Washington, D.C. – Today, Congresswoman Jennifer McClellan (VA-04) joined Representatives Jared Golden (ME-02), Young Kim (CA-40), and David Valadao (CA-22) to introduce the Supporting Healthy Moms and Babies Act, which would require private health insurance companies to fully cover the costs of childbirth and related maternity care. Companion legislation was introduced in the Senate by Senators Tim Kaine (D-VA), Cindy Hyde-Smith (R-MS), Kirsten Gillibrand (D-NY), and Josh Hawley (R-MO).

    The Supporting Healthy Moms and Babies Act would amend the list of Essential Health Benefits under the Affordable Care Act to include detailed minimum services for prenatal, labor and delivery, perinatal, and postpartum care for up to one year after a child’s birth and would require private insurers to cover those services without cost-sharing. 

    “When my daughter was born by emergency C-section nine weeks early, I wanted to focus all my attention on my recovery and her well-being for the six weeks she was in the NICU, not our medical bills,” Congresswoman McClellan said. “The Supporting Healthy Moms and Babies Act will provide more pregnant and postpartum patients the peace of mind that they can access care without worrying about how to pay for it.”

    “Pregnancy and childbirth are a normal part of family life, so insurance companies should treat it like the routine care it is and cover the cost,” Congressman Golden said. “It shouldn’t cost thousands of dollars to give birth at the hospital, and other necessary maternity services shouldn’t be a luxury. This is simple, commonsense reform and will make it easier for Mainers to start and grow families on their own terms without a huge hospital bill.”

    “Americans shouldn’t have to choose between starting a family and being strapped in debt. Unfortunately, rising living costs on top of excessive hospital and health care fees after giving birth deter individuals from becoming parents,” Congresswoman Kim said. “We should do what we can to make life more affordable, which is why I’m proud to help lead the charge to cut childbirth cost-sharing fees and ensure women, babies and families receive the care they deserve without astronomical costs.”

    “The cost of maternal care is already expensive, and too often, families with private insurance are hit with surprise medical bills they didn’t see coming,” Congressman Valadao said. “Building a family already comes with so much uncertainty, but designating maternal care as an Essential Health Benefit and eliminating cost-sharing will give parents some peace of mind during one of life’s most important moments. I’m proud to join my colleagues in supporting this practical, bipartisan solution that puts families first.”

    The bill has been endorsed by the American College of Obstetricians and Gynecologists; the American Medical Association; the American Hospital Association; the American Society for Reproductive Medicine; the Association of Women’s Health, Obstetric and Neonatal Nurses; the Association of Maternal & Child Health Programs; March of Dimes; and the National Partnership for Women & Families. 

    Full text of the Supporting Healthy Moms and Babies Act can be found here, and a one-pager can be found here.

    MIL OSI USA News –

    June 6, 2025
  • MIL-OSI USA: Congressman Valadao Joins Bipartisan Coalition to Introduce Legislation Supporting Central Valley Families

    Source: United States House of Representatives – Congressman David G Valadao (CA-21)

    WASHINGTON – Today, Congressman David Valadao (CA-22) joined Reps. Jared Golden (ME-02), Young Kim (CA-40), and Jennifer McClellan (VA-04) to introduce the Supporting Healthy Moms and Babies Act. This bipartisan bill would help mitigate the cost burden on families with private insurance plans throughout pregnancy by designating prenatal, birth, and postpartum care as essential health benefits (EHBs) and eliminating cost-sharing from these services. The Senate companion bill was introduced by Sens. Cindy Hyde-Smith (R-MS), Tim Kaine (D-VA), Josh Hawley (R-AR), and Kirsten Gillibrand (D-NY).

    “The cost of maternal care is already expensive, and too often, families with private insurance are hit with surprise medical bills they didn’t see coming,” said Congressman Valadao. “Building a family already comes with so much uncertainty, but designating maternal care as an essential health benefit and eliminating cost-sharing will give parents some peace of mind during one of life’s most important moments. I’m proud to join my colleagues in supporting this practical, bipartisan solution that puts families first.”

    “Pregnancy and childbirth are a normal part of family life, so insurance companies should treat it like the routine care it is and cover the cost,” said Rep. Golden. “It shouldn’t cost thousands of dollars to give birth at the hospital, and other necessary maternity services shouldn’t be a luxury. This is simple, commonsense reform and will make it easier for Mainers to start and grow families on their own terms without a huge hospital bill.”

    “Americans shouldn’t have to choose between starting a family and being strapped in debt. Unfortunately, rising living costs on top of excessive hospital and health care fees after giving birth deter individuals from becoming parents,” said Rep. Kim. “We should do what we can to make life more affordable, which is why I’m proud to help lead the charge to cut childbirth cost-sharing fees and ensure women, babies and families receive the care they deserve without astronomical costs.”

    “When my daughter was born by emergency C-section nine weeks early, I wanted to focus all my attention on my recovery and her well-being for the six weeks she was in the NICU, not our medical bills,” said Rep. McClellan. “The Supporting Healthy Moms and Babies Act will provide more pregnant and postpartum patients the peace of mind that they can access care without worrying about how to pay for it.”

    Supporting organizations include: American Principles Project, Concerned Women for America, Jesuit Conference Office of Justice and Ecology, Americans United for Life, Susan B. Anthony Pro-Life America, Students for Life, LiveAction, Life Defenders, March for Life, the Catholic Health Association of the United States, American College of Obstetrics and Gynecologists, American Medical Association, American Hospital Association, American Society for Reproductive Medicine, Association of Women’s Health, Obstetric and Neonatal Nurses, Association of Maternal & Child Health Programs, March of Dimes, and National Partnership for Women & Families.

    The Supporting Healthy Moms and Babies Act would:

    • Designate prenatal, birth, and postpartum care as essential health benefits (EHBs) under private insurance plans.
    • Eliminate cost-sharing for all in-network childcare services, and out-of-network care when no in-network provider is available.
    • Mandate full coverage for ultrasounds, miscarriage care, delivery services, and postpartum care for up to a year after birth.
    • Provide mental health coverage for spouses and adoptive parents.

    Background:

    While Medicaid covers the full cost of childbirth for those enrolled, families with private insurance plans routinely face thousands in unexpected expenses—often as much as $3,000 to $10,000—due to high deductibles, coverage gaps, and confusing hospital pricing. By designating prenatal, delivery, and postpartum care as essential health benefits and eliminating cost-sharing for in-network services, this bill offers families greater financial predictability and reduces the medical debt that disproportionately impacts new parents.

    Read the full resolution here.

    ###

    MIL OSI USA News –

    June 6, 2025
  • MIL-OSI USA: SCANDAL: Rep. Lori Trahan & Scandal Star Bellamy Young Take on Migraine Disorders Affecting 40+ Million Americans

    Source: United States House of Representatives – Congresswoman Lori Trahan (D-MA-03)

    WASHINGTON, DC – Yesterday, Congresswoman Lori Trahan (MA-03), a member of the House Energy and Commerce Committee’s Health Subcommittee, partnered with Bellamy Young, actress in ABC’s hit show “Scandal,” The Headache Alliance, and the Alliance for Headache Disorders Advocacy to announce their coordinated work to introduce the HEADACHE Act, the first standalone federal legislation addressing the epidemic of migraine and headache disorders. The legislation will expand research, improve access to care, and address systemic inequities affecting people living with headache disorders.
    “Headache disorders affect nearly 45 million people in the U.S., including more than 117,000 people in the district I represent,” said Congresswoman Trahan. “Behind each of those numbers is a student falling behind in school, a parent fighting to stay employed, or a veteran enduring chronic, debilitating pain. I’m proud to lead the introduction of the HEADACHE Act, a much-needed step toward expanding care, advancing research, and raising awareness for this often-overlooked condition. Together, we can ensure that no one is left behind simply because their pain is invisible.”
    “Migraine has shaped not only how I work, but how I move through this world, and I know I’m not alone. For too many, living with a headache disorder means being doubted, dismissed, and left out of the conversation. But those who suffer deserve better. The HEADACHE Act is about building the future we should’ve had all along: one with research, access to care, and understanding. I’m proud to raise my voice for a cause that touches so many millions of Americans,” said Bellamy Young, actress and migraine advocate.
    More than 40 million Americans are living with migraine and headache disorders, which are the leading cause of disability in the world and for women under 50 years old in the United States. Cluster headache, new daily persistent headache, post-traumatic headache, and other migraine disorders are disabling, stigmatized, and routinely overlooked in public health priorities and research funding.
    To raise awareness, The Headache Alliance and the Alliance for Headache Disorders Advocacy transformed the National Mall into a sea of purple, with a visual display representing the need for greater federal attention and public awareness for the tens of millions of Americans living with migraine and headache disorders. The installation will remain on the Mall for two weeks.
    “We are so thrilled and honored to bring our message to the National Mall,” said Annika Ehrlich, President of the Board of The Headache Alliance and Alliance for Headache Disorders Advocacy. “This represents two decades of planning and hard work to advance headache policy and advocacy.”
    “We are putting a face, name, and voice to the lived experience of migraine and headache disorders,” said Julienne Verdi, Executive Director of The Headache Alliance and Alliance for Headache Disorders Advocacy. “With the anticipated introduction of the HEADACHE Act and this historic Installation project, we are demanding to be seen, heard, and taken seriously.”
    The HEADACHE Act will be introduced in the coming weeks.
    ###

    MIL OSI USA News –

    June 6, 2025
  • MIL-Evening Report: ‘No one knew what was happening’: new research shows how domestic violence harms young people’s schooling

    Source: The Conversation (Au and NZ) – By Steven Roberts, Professor of Education and Social Justice, Monash University

    Taiki Ishikawa/ Unsplash, CC BY

    Every school around Australia is almost certain to have students who are victim-survivors of family and domestic violence.

    The 2023 Australian Child Maltreatment Study found neglect and physical, sexual and emotional abuse of children is widespread. Among Australians aged 16–65 years, 32% experienced physical abuse, 28.5% experienced sexual abuse, 39% experienced emotional abuse and 9% had been neglected during their childhoods.

    As the place where children spend the bulk of their time outside home, schools could be an important source of help and support. But are they equipped to do this?

    Our research, published in the Australian Journal of Social Issues, explores the impact of domestic and family violence on young people’s education. Our findings show just how significant the disruption to a young person’s education can be, including how safe or supported they feel at school.

    Our study

    Our study draws on data from the Adolescent Family Violence in Australia project. This is a national survey of more than 5,000 young Australians aged 16–20 years old. We focused on a subset of 1,651 respondents who had experienced domestic and family violence, either by experiencing violence between other family members or being directly subjected to it.

    The survey asked both structured and open-ended questions to explore the impacts of domestic and family violence.

    Family violence disrupts school attendance and participation

    Our study showed family violence has a significant impact on school attendance. Young people told us they missed classes or dropped out of school during their experiences of violence.

    For some young people, attending school while coping with trauma, fear and instability at home was too overwhelming.

    A 19-year-old woman shared how she became so anxious in the presence of teachers and other authority figures she could only manage one day of school per week in a secluded setting.

    Another young woman described missing classes regularly to care for her mother after violent episodes, while a 20-year-old man said he stayed home to protect his mother.

    Even when young victims did attend school, the emotional toll of family violence often meant they were socially withdrawn. Some spoke about losing friends due to frequent house moves and school shifts, while others withdrew socially because of anxiety and trauma. One 17-year-old explained:

    I don’t talk a lot to male teachers and don’t really have close friendships with girls at my school, so I tend to stay home.

    Some participants described school as a safe haven away from their abusive home. But even in these cases, learning was often still difficult. One young person commented:

    Yes, I wanted to go to school to get away from home, but felt very alone and isolated because no one knew what was happening.

    Family violence and homework

    The effects of family violence extend beyond the classroom. Many young people told us how the chaos, fear and emotional exhaustion of life at home made it difficult, if not impossible, to complete homework or study for exams. One young woman remarked:

    I can’t do any homework at home because it’s not a safe environment for me.

    Another young person described being kept up late listening to fighting or because of police visits, leaving them physically and emotionally exhausted in the morning.

    In some cases, abusive parents directly prevented their child from attending school or doing homework. Other young people described not having access to the tools they needed, like a working computer or internet connection – sometimes withheld deliberately by a parent.

    These accounts show how for some children experiencing family violence, learning at home is not just difficult, it is fundamentally unsafe.

    Young people spoke of how domestic violence made it impossible to study at home.
    C.T.PHAT/Shutterstock, CC BY

    A missed opportunity

    It can be difficult for schools to fully understand and appreciate what’s happening for students at home.

    Few of the young people we surveyed proactively disclosed their experiences to school staff, including teachers and counsellors. Disclosure rates ranged from just 12% to 17%, depending on the type of violence the young person reported experiencing.

    For those young people who did disclose, their experiences varied. Some young people described school staff as a lifeline – listening without judgement, offering helpful information and taking action where needed.

    Others described being ignored, dismissed or harmed further by insensitive responses. As one young person said, the “school counsellor told me I needed to understand dad’s behaviour and keep my head down”.

    The help students received seemed to depend on the individual teacher or school counsellor, their knowledge and training. This inconsistency represents a major barrier to effective and early intervention.

    What needs to change

    As well as learning, schools can also provide safety, stability and healing. We need schools to be supported to provide more effective and consistent care for students experiencing family violence.

    As other research has similarly found, responses need to be trauma-informed (recognising the impact of trauma on students) and student-centred (focusing on individuals’ needs). This involves:

    • providing trauma and domestic violence-informed training to all school staff

    • ensuring schools have clear processes to follow if a student disclosures domestic violence, including referrals to appropriate external supports

    • adopting flexible attendance and academic policies for young people impacted by domestic violence

    • building collaborative partnerships with community-based domestic violence and mental health services.


    The National Sexual Assault, Family and Domestic Violence Counselling Line – 1800RESPECT (1800 737 732) – is available 24 hours a day, seven days a week for any Australian who has experienced, or is at risk of, family and domestic violence and/or sexual assault. The Men’s Referral Service (1300 766 491) offers advice and counselling to men looking to change their behaviour.

    Steven Roberts receives funding from the Australian Research Council and the Australian Government and ANROWS, among others. He is a Board Director at Respect Victoria, but this article is written wholly separate from and does not represent that role.

    Kate has received funding for research on violence against women and children from a range of federal and state government and non-government sources. Currently, Kate receives funding from Australia’s National Research Organisation for Women’s Safety (ANROWS), the South Australian government, Safe Steps, Australian Childhood Foundation and 54 Reasons. This piece is written by Kate Fitz-Gibbon in her role at Monash University and Sequre Consulting, and is wholly independent of Kate Fitz-Gibbon’s role as chair of Respect Victoria and membership on the Victorian Children’s Council.

    Rebecca Stewart is a project officer at No to Violence. The views expressed in this article are her own.

    – ref. ‘No one knew what was happening’: new research shows how domestic violence harms young people’s schooling – https://theconversation.com/no-one-knew-what-was-happening-new-research-shows-how-domestic-violence-harms-young-peoples-schooling-256890

    MIL OSI Analysis – EveningReport.nz –

    June 6, 2025
  • MIL-Evening Report: We tracked 13,000 giants of the ocean over 30 years, to uncover their hidden highways

    Source: The Conversation (Au and NZ) – By Ana M. M. Sequeira, Associate Professor, Research School of Biology, Australian National University

    Alexandra Vautin, Shutterstock

    Big animals of the ocean go about their days mostly hidden from view. Scientists know this marine megafauna – such as whales, sharks, seal, turtles and birds – travel vast distances to feed and breed.

    But almost a third are now at risk of extinction due largely to fishing, shipping, pollution and global warming.

    Protecting them can be difficult, because we don’t often know where these animals are.

    New research I led sought to shed light on the issue. My colleagues and I gathered 30 years of satellite tracking data to map hotspots of megafauna activity around the globe.

    We tracked 12,794 animals from 111 species to find out where they go. The results reveal underwater “highways” where megafauna crisscross the global Ocean. They also show where megafauna dwell for feeding and breeding. Now we know where these special places are, we have a better chance of protecting them.

    Satellite tracking reveals marine megafauna migration pathways and places of residence.
    Sequeira et al (2025) Science

    Pulling all the data together: a mega task

    For more than 30 years, marine biologists have tagged large animals in the sea with electronic devices and tracked their movements via satellite. The trackers capture data on everything from speed of travel, to direction of movement and where the animals spend most of their time.

    I put a call out to the global research community to bring together the tracking data. I hoped it would help scientists better understand the animals’ movements and identify their favourite places.

    Some 378 scientists from 50 countries responded. We assembled the world’s largest tracking dataset of marine megafauna. It includes species of flying birds, whales, fishes (mostly sharks), penguins, polar bears, seals, dugongs, manatees and turtles. They were tracked between 1985 and 2018, throughout the world’s oceans.

    Ana Sequeira swimming with a whale shark in Ningaloo Reef, Western Australia, to collect samples.
    Australian Institute of Marine Science

    Mapping reveals a lack of protection

    When we started analysing the data, it showed the tagged animals used some parts of the ocean more frequently than others. Most of them travelled to the central Indian Ocean, northeast Pacific Ocean, Atlantic north, and waters around Mozambique and South Africa.

    It’s likely this reflects a lack of data from elsewhere. However, these species are known to go to places where they are most likely to find food, so we expect some areas to be used more than others (including the areas we detected).

    Then we were able to identify the world’s most “ecologically and biologically significant areas” for the tracked animals.

    Currently only about 8% of the global ocean is protected. And only 5% of the important marine megafauna areas we identified occur within these existing marine protected areas.

    This leaves all of the other important marine megafauna areas we identified unprotected. In other words, the species using those areas are likely to suffer harm from human activities taking place at sea.

    More than 90% of the important marine megafauna areas we identified are exposed to high plastic pollution, shipping traffic or to intensifying global warming. And about 75% are exposed to industrial fishing.

    We also found marine megafauna tend to spend most of their time within exclusive economic zones. This area lies beyond the territorial sea or belt of water 12 nautical miles from the coast of each country, extending 200 nautical miles from shore. The presence of megafauna in these exclusive economic zones means individual countries could increase the protection afforded within their jurisdictions.

    About 40% of the important marine megafauna areas were located in these zones. But about 60% were on the high seas.

    The future of marine megafauna conservation

    The High Seas Treaty, recently adopted by the United Nations and signed by 115 countries, governs the conservation and sustainable use of marine biological biodiversity on the open ocean.

    Working alongside this treaty, the Kunming-Montreal Global Biodiversity Framework aims to protect 30% of the global ocean by 2030. This presents an opportunity to ensure important marine megafauna areas are well represented.

    We used an optimisation algorithm to identify the best areas to protect, when it comes to marine megafauna. We gave priority to areas that are potentially used for feeding, breeding, resting and migrating across all the different species.

    But even if important marine megafauna areas are selected when 30% of the ocean is protected, about 60% of these areas would still stay unprotected.

    Significant risks from human activities will remain. Management efforts must also focus on reducing harm from fishing and shipping. Fighting climate change and cutting down noise and plastic pollution should also be key priorities.

    Like for most megafauna on land, the reign of marine megafauna might come to an end if humanity does not afford these species greater protection.

    Ana M. M. Sequeira receives funding from the Australian Research Council and a Pew Marine Fellowship from the Pew Charitable Trusts. She is also affiliated with the University of Western Australia.

    – ref. We tracked 13,000 giants of the ocean over 30 years, to uncover their hidden highways – https://theconversation.com/we-tracked-13-000-giants-of-the-ocean-over-30-years-to-uncover-their-hidden-highways-254610

    MIL OSI Analysis – EveningReport.nz –

    June 6, 2025
  • MIL-Evening Report: Resident-to-resident aggression is common in nursing homes. Here’s how we can improve residents’ safety

    Source: The Conversation (Au and NZ) – By Joseph Ibrahim, Professor, Aged Care Medical Research Australian Centre for Evidence Based Aged Care, La Trobe University

    Wbmul/Shutterstock

    The Coroners Court of Victoria is undertaking an inquest into the deaths of eight aged care residents across six facilities, over a nine-month period in 2021.

    Each death occurred after an interaction between residents, known as resident-to-resident aggression.

    If your loved one is living in aged care, it’s natural to be distressed and concerned for their safety after hearing about these deaths.

    Here’s what we know about when and where it’s more likely to happen, how relatives can safeguard their loved ones, and what’s happening across the system to reduce the risk of it occurring.

    What does it look like?

    Resident-to-resident aggression refers to aggressive and intrusive interactions between long-term care residents that would likely be unwelcome and potentially cause the recipient physical or psychological distress or harm. It includes physical, sexual and verbal aggression.

    However, the term “aggression” is potentially misleading. In most cases, the residents involved are not consciously intending to cause harm.

    The prevalence of resident-to-resident aggression in aged care has been estimated at 20%, but is likely under-reported. This means that over a month, 20% of aged care residents are likely to experience an incident of resident-to-resident aggression. This is usually verbal abuse or an invasion of privacy.

    The variation in reported prevalence rates makes it hard to know if the rate is increasing.

    The consequences of resident-to-resident aggression range in seriousness from functional decline, to psychological or physical injury, to death.

    In 2017, we published a national study of deaths from resident-to-resident aggression in nursing home residents in Australia. Over 14 years, we identified 28 deaths.

    Almost 90% of residents involved – either as an “exhibitor” (often referred to as the aggressor) or a target – had dementia. Three-quarters of those diagnosed with dementia had a history of behavioural and psychological symptoms of dementia, including wandering and physical aggression.

    Exhibitors of aggressive behaviour were mostly male (85.7%), often younger, and more recently admitted to the aged care facility than the target.

    Resident-to-resident aggression leading to death was most likely to occur between two male residents.

    Half of all incidents leading to death involved a resident pushing and the target falling, leading to injuries such as hip fracture and head injury. This underscores the vulnerabilities posed by physical frailty among aged care residents.

    Incidents resulting in death occurred mostly in communal areas, reflecting the ongoing challenges of an aged care system that relies on residents living together.

    Learning from past incidents

    Resident-to-resident aggression was previously brought to national attention by the death of a resident at the Oakden facility in South Australia. This led to a coronial inquest and the facility closed in 2017.

    The case raised issues including the need for residents exhibiting potentially aggressive behaviour to have regular clinical reviews, accurate and detailed documentation, and adequate escalation and reporting of any incidents of aggression.

    Since 2021, facilities have been required to report incidents of “unreasonable use of force”. The Australian Aged Care Quality and Safety Commission monitors these events through the Serious Incident Response Scheme.

    The last report, from March 2023, provides a series of case studies and highlights the need for better approaches to behaviour support and risk assessment.

    However, prevention requires a broader systems-based approach to better understand the problem, and generate and evaluate interventions. This should include reviewing trends at the facility, provider and national level.

    Approaching individual situations

    Resident-to-resident aggression is expected to become more common as more people are diagnosed with dementia.

    Cognitive impairment in both the exhibitor of aggressive behaviour and targets makes this more complex, as a resident could become either one, depending on the precipitating circumstances.

    In one-third of the cases we analysed, the exhibitor of aggressive behaviour and the target had been involved in an earlier incident together in the past 12 months. This suggests there are opportunities for intervention.

    Are police involved?

    When serious injury or death occurs, it is the role of police to investigate the incident and refer to the Office of Public Prosecutions, if appropriate.

    Attributing legal responsibility is problematic and criminal charges are rarely filed. This may be because the residents involved are unfit for police interview or unfit to stand trial.

    Alternatively, prosecution may not be deemed in the public interest.

    Managing symptoms of dementia

    Dementia may impair a person’s ability to reason, express their needs and manage their emotions. It can also impair their ability to respond, in a socially acceptable way, to interpersonal conflict.

    Behaviour-management strategies to support the person with dementia include having a calm environment with a familiar routine and clear communication.

    Over the past decade, more formal services have become available to help manage behavioural and psychological symptoms of dementia.

    Dementia Support Australia operates a Severe Behaviour Response Team which is available 24/7, responding to referrals from health professionals within 48 hours.

    Specialist dementia care units also operate across Australia, as recommended by the Royal Commission into Aged Care Quality and Safety final report.

    Managing dementia symptoms requires multidisciplinary expertise spanning the aged care, disability and mental health sectors. Yet integrating these services remains a challenge.

    The federal government has committed to addressing the sub-optimal management of residents living with dementia.

    Supporting your loved one

    If you’re worried about your loved one, the first step is to express these concerns directly to the facility staff, as you would with any other matter. Open communication helps the facility staff to get to know your loved one and provide more tailored support.

    Being better informed about the subject can help you to advocate for your loved one.

    The Older Persons Advocacy Network is available to residents for free, independent and confidential support. They can advocate for you if you feel your concerns aren’t being heard or your loved one’s care is compromised.

    What happens next with the inquest?

    The Coroners Court will investigate this important and distressing issue and aims to reduce the number of preventable deaths.

    The coroner will hear the evidence, and may make formal recommendations about how to improve resident safety. Government agencies are required to consider and respond to these recommendations.

    It’s clear we have a long way to go to safeguard the rights of older people living in residential care.

    Joseph Ibrahim is a medical specialist in geriatrics and an academic with over 30 years of clinical experience. He is a Professor with the Australian Centre for Evidence Based Aged Care, La Trobe University and an Adjunct Professor, Faculty of Medicine, Nursing and Health Sciences, Monash University. He previously received funding from state and national government for research into the safety and quality of aged care homes and resident-on-resident aggression. He has also been an expert witness for criminal and coroners court cases as well as the Royal Commission into Aged Care Quality and Safety.

    Amelia Grossi 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. Resident-to-resident aggression is common in nursing homes. Here’s how we can improve residents’ safety – https://theconversation.com/resident-to-resident-aggression-is-common-in-nursing-homes-heres-how-we-can-improve-residents-safety-257818

    MIL OSI Analysis – EveningReport.nz –

    June 6, 2025
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