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Category: Transport

  • MIL-OSI: ReconAfrica Announces the Appointment of Mark Friesen as Managing Director, Investor Relations and Capital Markets, an Update on the Transaction with NAMCOR and Proposed Warrant Extension

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, May 21, 2025 (GLOBE NEWSWIRE) — Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an update to its investor relations contact, an update on the transaction with Namcor Exploration and Production (Pty) (“NAMCOR”) announced in the Company’s news release dated September 22, 2022 and that it intends to extend the expiry date of certain common share purchase warrants of the Company.

    UPDATE TO INVESTOR RELATIONS CONTACT

    Mr. Grayson Andersen has left ReconAfrica to pursue new career opportunities. The Company, its Board of Directors and Management thank Grayson for his contributions and wish him the best in his future endeavours.

    Effective immediately, Mark Friesen has joined ReconAfrica as Managing Director, Investor Relations and Capital Markets and is based in Calgary. Mark has extensive energy finance and investor relations experience in the Canadian and U.S. markets. Mark’s prior corporate experience includes being the Director of Investor Relations with Kiwetinohk Energy Corp. and doing business development and corporate planning with Kiwetinohk, Murphy Oil Corporation and through his own consulting company. Mark began his career in equity research covering the energy sector at Bank of Montreal (BMO), FirstEnergy Capital Corp., TD Bank and Royal Bank of Canada (RBC). Mark holds a CFA (Chartered Financial Analyst) designation and received a Bachelor of Commerce (Hons) degree in Finance from the University of Manitoba.

    Investors can continue to contact the Company by email at investors@reconafrica.com or by phone at +1-877-631-1160.

    UPDATE ON NAMCOR TRANSACTION

    The Company and NAMCOR have not yet completed the transaction pursuant to the definitive purchase and sale agreement announced September 22, 2022, but report that discussions are ongoing.

    PROPOSED WARRANT EXTENSION

    The Company intends to extend the expiry date of an aggregate 6,795,454 outstanding common share purchase warrants of the Company (the “July Warrants”) by 18 months to January 18, 2027 and an aggregate 1,071,500 outstanding common share purchase warrants of the Company (the “September Warrants” and collectively with the July Warrants, the “Warrants”) by 18 months to February 1, 2027 (collectively with the extension of July Warrants, the “Extension”).

    The July Warrants were issued pursuant to a public offering which closed on July 18, 2023 and are set to expire on July 18, 2025. The July Warrants were issued pursuant to a warrant indenture dated July 18, 2023 between the Company and Odyssey Trust Company. Each July Warrant entitles the holder thereof to acquire one common share of the Company at a price of CAD $1.35 and all other terms of the July Warrants, including exercise price, will remain the same.

    A total of 295,227 outstanding compensation warrants issued as compensation to the underwriters for part of the financing in July 2023 cannot be extended and will expire on July 18, 2025.

    The September Warrants were issued pursuant to a non-brokered private placement which closed on September 1, 2023 and are set to expire on September 1, 2025. Each September Warrant entitles the holder thereof to acquire one common share of the Company at a price of CAD $1.40 and all other terms of the September Warrants, including exercise price, will remain the same.

    220,000 of the July Warrants are held by parties who are considered to be “related parties” of the Company. The September Warrants are all held by parties who are considered to be “related parties” of the Company. Therefore, the amendment of Warrants constitutes a “related party transaction” as contemplated by Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions, and TSXV Policy 5.9 Protection of Minority Shareholders in Special Transactions. However, the exemptions from formal valuation and minority approval requirements provided for by these guidelines have been relied upon as the fair market value of the Warrants held by insiders does not exceed 25% of the market capitalization of the Company.

    The Extension remains subject to receipt of approval of the TSX Venture Exchange.

    About ReconAfrica

    ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia, southeastern Angola, and northwestern Botswana, where the Company holds rights to petroleum licences comprising over 13 million acres. The Company will be drilling its next well, Prospect I which is located onshore Namibia in Petroleum Exploration Licence 073 (“PEL 73”). This will be the Company’s largest exploration prospect drilled to date. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in all of its project areas.

    Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

    For further information contact:

    Brian Reinsborough, President and Chief Executive Officer | Tel: +1-877-631-1160

    Mark Friesen, Investor Relations | Tel: +1-877-631-1160

    IR Inquiries Email: investors@reconafrica.com

    Media Inquiries Email: media@reconafrica.com

    Cautionary Note Regarding Forward-Looking Statements:

    Certain statements contained in this press release constitute forward-looking information under applicable Canadian, United States and other applicable securities laws, rules and regulations, including, without limitation, the Company’s commitment to minimal disturbance of habitat, in line with best international standards and its implementation of environmental and social best practices in all of its project areas. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on ReconAfrica’s current belief or assumptions as to the outcome and timing of such future events. There can be no assurance that such statements will prove to be accurate, as the Company’s actual results and future events could differ materially from those anticipated in these forward-looking statements as a result of the factors discussed in the “Risk Factors” section in the Company’s annual information form for the period ended December 31, 2024, available under the Company’s profile at www.sedarplus.ca. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to ReconAfrica. The forward-looking information contained in this release is made as of the date hereof and ReconAfrica undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

    The MIL Network –

  • MIL-OSI USA: As Crucial House Vote Looms, Rural Hospital CEOs Make Final Plea to House GOP: Avoid Medicaid Cuts That Will Cost Lives and Burden Local Communities

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    05.21.25
    As Crucial House Vote Looms, Rural Hospital CEOs Make Final Plea to House GOP: Avoid Medicaid Cuts That Will Cost Lives and Burden Local Communities
    NEW: 23 Republican WA state legislators join letter to full WA federal delegation, urging them to protect Medicaid
    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Finance Committee, joined Washington state health care professionals to highlight statewide alarm and opposition to proposed Medicaid cuts.
    “The House Republicans are now trying to cobble together what I believe is a serious attack on Medicaid, and these will have impacts across our economy,” said Sen. Cantwell. “It undermines the program by shifting the burden to the states and making the entire healthcare system more expensive.”
    “If you cut Medicaid, and you cut people on Medicaid, they’re not going to stop having health care needs,” added Sen. Cantwell. “They’re just going to go to a more expensive, unfunded setting to get that care. Medicaid provides the critical financial support for the healthcare sector and for our economies to keep going every day.”
    Matt Kollman, CEO of Skyline Hospital in White Salmon, warned that the cuts would endanger the survival of rural hospitals, and ultimately the health of rural residents.
    “You don’t just have the opportunity, when you live in White Salmon, to drive a few blocks extra and go to the next hospital,” Kollman said. “You’re talking about a drive that in the best of conditions might be 60 or 90 minutes. That is a disruptive burden for many families, and it would lead to their delay, or possible just outright deferral of health care altogether. And to me, that’s not acceptable.”
    “I also know that it’s not acceptable to other members of our community,” added Kollman. “Recently, I was able to present Senator Cantwell and Representative Newhouse with a letter that was signed by many elected officials and community members, including Republicans, elected Republicans in my district and throughout the state, who are asking Congress to be very careful about what they do with Medicaid. To consider the consequences, to be very thoughtful, and to understand that you’re messing with something that is a very intimate and relied on part of people’s lives every day.”
    Also today, 23 Republican members of the Washington state legislature sent a letter to the entire Washington state federal Congressional delegation, urging the delegation to “protect Medicaid funding for Washington State.”
    This week, the Republican-led U.S. House Budget Committee held a rare weekend meeting late Sunday night as part of the effort to rush to the floor a reconciliation bill containing over $700 billion in cuts and significant changes to Medicaid, the federal program that insures many low-income adults and children, pregnant people, seniors, and people with disabilities. Then, early this morning, the House Rules Committee began a meeting at 1 a.m. – when most Americans were asleep – since GOP House leadership have indicated their intent to bring the reconciliation bill and its draconian cuts to the floor for a final vote as soon as later today.   
    Republican proposals include imposition of work requirements and new restrictions on who can receive long-term care support from Medicaid.
    Other participants at the virtual presser were
    •            Rashad Collins, CEO, Neighborcare Health (Community Health Center with over 20 Seattle-area clinics)
    •            Kym Clift, CEO, TriState Health (Clarkston, WA)
    •            Lynn Kimball, Executive Director at Aging & Long Term Care of Eastern Washington
    •            Dr. Rachel Issaka, gastroenterologist and clinical researcher, Fred Hutchinson Cancer Center
    •            Jacquiline Blanco, RN, a Seattle-area perinatal obstetric nurse and Public Policy Committee member at the Association of Women’s Health, Obstetric, and Neonatal Nurses
    Video of the event is available HERE and a transcript of Sen. Cantwell’s opening remarks is available HERE.
    Also today, Sen. Cantwell delivered a speech on the Senate floor, warning of the impacts to state economies and budgets if the Republican proposal becomes law. Video of her floor speech is available HERE and a transcript is available HERE.
    Medicaid, known as Apple Health in Washington state, covers over 1.9 million Washingtonians. On May 2, Sen. Cantwell released a snapshot report highlighting the impact that Medicaid cuts would have on Washington state’s highly-ranked long-term care system for seniors and people with disabilities. In February, she additionally released a snapshot report that demonstrated how cuts would harm health care access in Washington state, and followed up with a report in March that dove into impacts on the Puget Sound region.
    Highlights of those snapshot reports include:
    In Washington state, WA-04 (Central Washington) and WA-05 (Eastern Washington) have the highest proportions of adults and total population on Medicaid (Apple Health). In District 4, 70% of children are on Medicaid.
    In the Puget Sound, children in Seattle’s blue-collar strongholds would feel the deepest pain from Medicaid cuts. More than half of children in Burien, SeaTac, Kent, Federal Way, Auburn, Renton, and Rainier Valley depend on Medicaid.
    In an exclusive new survey of 68 WA nursing homes, 67 of 68 would cut services if Medicaid were cut by 5% or more, and 65% would consider closing.
    Over the past two months, Sen. Cantwell also took a tour around the state to hear from folks who would be directly impacted by cuts to Medicare. Doctors, patients, and health care providers in Seattle, Spokane, the Tri-Cities, and Wenatchee warned that such cuts would devastate Washington state’s health care system and limit access to lifesaving care.

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Danny K. Davis Applauds Reintroduction of Second Chance Reauthorization Act of 2025

    Source: United States House of Representatives – Congressman Danny K Davis (7th District of Illinois)

    Legislation Continues a Legacy of Justice Reform and Community Investment Originating from Davis’ Landmark 2008 Law

    Legislation Continues a Legacy of Justice Reform and Community Investment Originating from Davis’ Landmark 2008 Law

         Washington, DC — Today, Congressman Danny K. Davis (D-IL), original author of the Second Chance Act of 2008, proudly announced the reintroduction of the Second Chance Reauthorization Act of 2025, a bipartisan, bicameral effort to bolster reentry services across the nation. Introduced in the U.S. House by Rep. Davis and Rep. Carol Miller (R-WV) and in the Senate by Sens. Shelley Moore Capito (R-WV) and Cory Booker (D-NJ), the legislation renews vital programs that support returning citizens with housing, career development, and behavioral health services.

         “Sixteen years ago, I introduced the Second Chance Act because I believed every person deserves an opportunity to reclaim their life, reunite with their family, and rebuild their future,” said Congressman Danny K. Davis. “Since then, over 442,000 individuals across America have benefited from these services, including thousands here in Chicago. Reentry is not a privilege. It is a right backed by resources, dignity, and support.”

         With more than 600,000 individuals returning home from prison each year, and many more transitioning from local jails, reentry has become a national priority for reducing recidivism and promoting public safety. The Second Chance Act of 2008, authored by Congressman Davis and signed into law by President George W. Bush, established the nation’s first coordinated federal effort to fund reentry programs. 

         In Chicago and across Illinois’ 7th Congressional District, Second Chance funding has supported a wide array of community organizations and justice-focused initiatives, including workforce training programs, mentoring services, transitional housing, and behavioral health treatment. These services are particularly critical for Black and Brown communities that have long borne the brunt of mass incarceration.

         “This bill is about investing in people and giving communities—like those I represent in  Chicagoland—the resources to reduce crime, restore families, and rewrite futures,” Davis added. “This is bipartisan work at its best—and it’s deeply rooted in both justice and compassion.”

         From 2009 to 2024, over 1,300 Second Chance grants were awarded across 49 states and territories, supporting 871 agencies nationwide. The reauthorization will strengthen evidence-based programs and expand services for individuals struggling with substance use disorder and mental health challenges.

                  The American Jail Association, American Parole and Probation Association, Correctional Leaders Association, Council of State Governments Justice Center, Major County Sheriffs of America, National Alliance on Mental Illness, National Association of Counties, National Association of State Alcohol and Drug Abuse Directors, National Association of State Mental Health Program Directors, National District Attorneys Association, National League of Cities, Prison Fellowship, Treatment Alternatives for Safe Communities, and U.S. Chamber of Commerce support the legislation.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Brad Sherman welcomes the completion of Metro’s Draft Environmental Impact Report (DEIR) for the Sepulveda Pass Transit Corridor Project

    Source: United States House of Representatives – Congressman Brad Sherman (D-CA)

    SHERMAN OAKS, CA – Today, Congressman Brad Sherman (CA-32) welcomed the completion of Metro’s Draft Environmental Impact Report (DEIR) for the Sepulveda Pass Transit Corridor Project. 

    “Providing rail service through the Sepulveda Pass is Metro’s most important infrastructure project and the best way to decrease traffic on the 405 freeway and in L.A. County,” said Congressman Sherman. 

    Congressman Sherman has been fighting for rail through the Sepulveda Pass since coming to Congress. In 1998, Sherman helped to secure federal funding to study how best to alleviate the extreme congestion through the Sepulveda Pass, inviting the then-U.S. Secretary of Transportation to stand at the top of what is now the Courtyard Marriott Hotel at the 101/405 interchange to see first-hand the critical need for alternative transit options. Congressman Sherman has testified before the House Transportation and Infrastructure Committee seeking federal funds for mass transit through the Sepulveda Pass, securing $10,000,000 for the project in the 2021 Surface Transportation Bill.

    Today’s report provides new details on the five remaining transit alignments (alternative #2 was withdrawn last year) under consideration by the Metro Board, including projections of their relative costs and timetables for construction.

    Congressman Sherman has pledged to fight for the significant additional federal funding this critical transportation project will require, regardless of which alternative is selected by the Metro Board.   

    For the next sixty days, Metro will be soliciting feedback from the community before selecting an alignment in early 2026. 

    The five alternatives under Metro’s consideration are as follows:

    Alternative 1: Automated Monorail – Entirely aerial along the 405.

    Preliminary Cost Estimate: $15.4 billion

    Preliminary Project Timetable: 12 years

    Forecasted Boardings: 64,798 boardings      

    Travel Time (from Van Nuys Metrolink to E Line): 28 min

    Alternative 3: Automated Monorail – Aerial along the 405 with an underground segment between Wilshire and Getty Center. 

    Preliminary Cost Estimate: $20.8 billion

    Preliminary Project Timetable: 14 years

    Forecasted Boardings: 86,013 boardings    

    Travel Time (from Van Nuys Metrolink to E Line): 32 min

    Alternative 4: Heavy Rail – Underground south of Ventura Blvd and aerial along Sepulveda Blvd in the San Fernando Valley.  

    Preliminary Cost Estimate: $20 billion

    Preliminary Project Timetable: 14 years

    Forecasted Boardings: 120,546 boardings  

    Travel Time (from Van Nuys Metrolink to E Line): 20 min

    Alternative 5: Heavy Rail – Underground along Sepulveda Boulevard with an aerial stretch along the Metrolink tracks in the San Fernando Valley. 

    Preliminary Cost Estimate: $24.2 billion

    Preliminary Project Timetable: 14 years

    Forecasted Boardings: 121,624 boardings

    Travel Time (from Van Nuys Metrolink to E Line): 19 min

    Alternative 6: Heavy Rail – Entirely underground along Van Nuys Blvd in the San Fernando Valley. 

    Preliminary Cost Estimate: $24.4 Billion

    Preliminary Project Timetable: 15 Years

    Forecasted Boardings: 107,096 boardings

    Travel Time (from Van Nuys Metrolink to E Line): 18 min

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Pelosi on House Floor: “Hands off SNAP.”

    Source: United States House of Representatives – Congresswoman Nancy Pelosi Representing the 12th District of California

    Washington, D.C. – Today, Speaker Emerita Nancy Pelosi delivered remarks on the Floor of the House of Representatives in opposition to Republican efforts to cut SNAP and deprive millions of families, especially women and children, of the food security they need.

    Speaker Emerita Pelosi highlighted how the Republican agenda puts the needs of the ultra-wealthy ahead of hungry children and working families across America.

    Watch Speaker Emerita Pelosi’s remarks here.

    Read Speaker Emerita Pelosi’s full remarks below:

    Speaker Emerita Pelosi. Mr. Speaker, I rise today to join our Democratic Leader and Democratic Women’s Caucus colleagues in highlighting stories of women and children who would be harmed by the House Republicans’ agenda.

    Republicans are slashing $300 billion, that’s ‘B,’ billion dollars from SNAP, in addition to cutting $700 billion from Medicaid. That’s $1 trillion in cruel cuts from our nation’s children in order to give tax cuts to billionaires.

    SNAP is the nation’s most effective anti-hunger initiative – and the devastating Republican cuts threaten children and families in California and across America who are scared and crying out for help.

    One single mother, Melissa from California, who lives in a district represented by one of our Republican colleagues shared that if not for SNAP, her family of three children would go every month with $0 for food. She attends school full-time and says that without SNAP, they would be forced to rely on food giveaways—or starve.

    Republicans shamelessly call this “reform.” But let’s be clear: it’s a sinful betrayal of the Gospel of Matthew: “When I was hungry, you fed me.”

    Democrats will never stop fighting to ensure no child is left behind. Hands off our Medicaid. Hands off our SNAP.

    MIL OSI USA News –

  • MIL-OSI USA: Pelosi on House Floor: “This is Robin Hood in Reverse”

    Source: United States House of Representatives – Congresswoman Nancy Pelosi Representing the 12th District of California

    Washington, D.C. – Tonight, Speaker Emerita Nancy Pelosi delivered remarks on the Floor of the House of Representatives in opposition to the Republicans’ bill that cuts Medicaid by $700 billion, which she condemned as a cruel attack on working families, vulnerable children and Americans with disabilities.

    Speaker Emerita Pelosi highlighted how the Republican Reverse Robin Hood plot would rip health care away from millions of Americans—including seniors, veterans and low-income families—just to finance tax breaks for billionaires and add trillions to the national debt while devastating communities across the country.

    Watch Speaker Emerita Pelosi’s remarks here. 

    Read Speaker Emerita Pelosi’s full remarks below:

    Speaker Emerita Pelosi. Thank you very much. Mr. Speaker, I’m pleased to receive time from the distinguished Congresswoman from Washington state. She is a pediatrician. We have all learned a lot about how public policy has a direct impact on the good—the health and well-being—of the American people.

    And when I hear them talk about cutting over $700 billion in Medicaid and it’s just ‘waste, fraud and abuse’… this beautiful child is not waste, fraud and abuse. I will talk about a little child in my remarks who is not waste, fraud and abuse.

    This Special Order comes together to shine a bright light on the Republican plan to fund tax breaks for billionaires by making huge cuts to Medicaid. Now, that’s what it looks like. But the fact is, they will still—with their tax bill—be adding over nearly $4 trillion to the national debt to cover their tax break for the wealthiest people in our country.

    This is fiscal engineering to reduce the role of government in the lives of the American people—where it is most needed. Where it is most needed.

    This is Robin Hood in reverse. Taking resources from where it is most needed—the people who need it most—and giving it to those who need it least: the billionaires in America.

    This is shameful. And it is a fraud. And it’s a shame.

    Now, President Johnson reminded the American people when he signed Medicare and Medicaid. He traveled to Independence, Missouri, to be in the presence of President Truman—former President Truman—who had worked on this when he was President. But it came to fruition under President Johnson. And he went there, and he signed the bill in the presence of Harry Truman.

    And he said – the President reminded the American people of a shared tradition: ‘Never to be indifferent toward despair. Never to turn away from helplessness. Never to ignore or spurn those who suffer unattended in a land that is bursting with abundance.’

    Indeed, Medicare and Medicaid save lives as a pillar of health security and justice for tens of millions of Americans.

    People often think of Medicaid as health care for poor children. That would be justification enough—health care for poor children.

    But it also is a middle-income benefit for nursing home residents, and people needing it for long-term care services. They get that largely through Medicaid. And it’s also a benefit for people with disabilities.

    The Republicans’ devastating budget plan would push about 14 million Medicaid recipients off life-saving health care, and leave countless vulnerable families exposed to catastrophic medical bills.

    This is terrible. Because this is about health, and financial health, that is being devastated.

    Working families and children in low-income households would face ruinous consequences—as would rural hospitals, as the distinguished Congresswoman has mentioned, families seeking opioid addiction treatment for their loved ones and middle-class Americans with long-term care needs.

    Mr. Speaker, I ask unanimous consent to insert a statement from the California Medical Association into the record. This is what they have said—the California Medical Association President issued the following statement regarding House Republicans’ proposed care cuts in Medicaid:

    ‘The latest federal proposal to gut Medicaid is reckless. Physicians and hospitals will be pushed to the brink, forced to close their doors and unable to continue care for their patients.’

    Because you know, when this funding leaves those rural hospitals—not only do the Medicaid patients lose—but all of the patients in that area lose. That’s my objection here.

    Back to the statement:

    ‘These would be the largest Medicaid cuts in history and will leave veterans, seniors, the disabled, children and working families without health care coverage.’

    As the distinguished physician colleague has said, making emergency rooms the only point of care for millions of people. Communities will be devastated. Lives will be lost.

    This is the CMA: ‘Congress must reject these cuts and instead focus on strengthening the safety net that protects us all. Otherwise, at least 13.7 million people will lose health care coverage.’

    Republican attacks on health care impact real people—including little children.

    My guest at the President’s State of the Union address was Elena Hung, mother of Xiomara, a courageous little lobbyist—11 years old.

    She has complex medical needs—including chronic lung disease, chronic kidney disease, and global developmental delays. She has a tracheostomy, uses a ventilator, is oxygen-dependent, and uses a feeding tube.

    Access to quality, affordable care ensured that Xiomara received the care she needed during extended hospitalization, and can now live at home with her family.

    Medicaid has helped Xiomara receive the therapies she needs to catch up with her developmental milestones—including physical therapy, occupational therapy, feeding therapy and speech therapy.

    But these very lifelines from Medicaid and more are what Republicans are working to destroy—to give a tax cut for billionaires.

    Democrats are standing strong against the Administration’s many attacks against family health care. This is just one of them.

    And with this Special Order—thank you, doctor, colleague—we are calling out Republicans to either vote to protect their constituents’ health care or vote to take it away.

    That’s the choice.

    In stark contrast to the President and Republicans in Congress, Democrats will always fight to lower health care costs. We are unified and ready to use every tool to stop this GOP scheme.

    And we will always work to strengthen pillars of health and financial security in America. That includes Social Security, Medicare, and Medicaid. We will always fight for Medicaid.

    I just want to go back to that one thing: they’re still adding nearly $4 trillion to the national debt to give tax breaks to their wealthy billionaire friends.

    In the bill that they passed when Trump was president—oh, there, I said his name—and the Republicans were in power. When the Republicans passed that bill and the President signed it into law, 83% of the benefits went to the top 1%, adding $2 trillion to the national debt.

    They’re doubling down on that—getting to almost $4 trillion to the national debt—and saying, ‘We’ve got to give all this money to billionaires,’ and calling children ‘waste, fraud, and abuse’ in our Medicaid system.

    It’s really sinful. It’s really sad.

    And it is something that I hope the Republicans will reject. And I hope their constituents will call them. Because these Medicaid people are in Republican districts.

    One of our colleagues in California has, out of all of our constituents, he has nearly 500,000 people on Medicaid—and yet he voted with the Republicans on this.

    Well, you can be sure he’ll be hearing from his constituents. Because people know.

    And I’ll close by saying—Lincoln said: ‘Public sentiment is everything. With it, you can accomplish almost anything. Without it, practically nothing.’

    But for public sentiment to prevail, people have to know.

    And we are making sure that your constituents know—and that they are informing you of their knowledge of what you are doing.

    Reverse Robin Hood. Republican Reverse Robin Hood.

    Thank you very much for the opportunity to share some thoughts about this—and for sharing the story of this beautiful little girl.

    Thank you. I yield back.

    MIL OSI USA News –

  • MIL-OSI USA: Pelosi Statement on the Passing of Congressman Gerry Connolly

    Source: United States House of Representatives – Congresswoman Nancy Pelosi Representing the 12th District of California

    Washington, D.C. – Speaker Emerita Nancy Pelosi issued the following statement on the passing of Congressman Gerry Connolly:

    “It is with profound sorrow that I mourn the passing of my colleague and dear friend, Congressman Gerry Connolly. For nearly four decades, Gerry has been a steadfast advocate for the people of Northern Virginia and a tireless champion for federal workers, good governance, and the values that define our democracy.

    “Gerry’s leadership was local, national and global. From his early days on the Fairfax County Board of Supervisors to his distinguished tenure in the House, Gerry’s career was marked by integrity, compassion, and an unwavering commitment to justice. Even in the face of his own health challenges, Gerry continued to serve as the top Democrat on the House Oversight Committee with grace and resilience, embodying the very spirit of public service.

    “Globally, I saw firsthand the esteem in which he was held as President of the NATO Parliamentary Assembly, where he played a pivotal role in the open dialogue between U.S. legislators and those who represent allied constituencies around the world.

    “Gerry Connolly was a respected Member of the House Democratic Caucus, and he will be deeply missed. My heart goes out to his beloved wife, Smitty, and their daughter Caitlin. May it be a comfort to them and to all who had the privilege of working alongside him that Gerry’s contributions have left an indelible mark on our nation and that so many are praying for them at this sad time.”

    MIL OSI USA News –

  • MIL-OSI: CORRECTION — LiveRamp Announces Fourth Quarter and Fiscal Year 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, May 21, 2025 (GLOBE NEWSWIRE) — In a release issued earlier today under the same headline by LiveRamp (NYSE: RAMP), please note the GAAP operating income and Non-GAAP operating income for the first quarter of fiscal 2026 and fiscal 2026 were stated incorrectly. The corrected release follows:

    Q4 Revenue up 10% year-over-year

    FY25 Operating Cash Flow increases 46% year-over-year

    FY25 Share Repurchases totaled $101 million

    LiveRamp® (NYSE: RAMP), a leading data collaboration platform, today announced its financial results for the quarter and fiscal year ended March 31, 2025.

    Q4 Financial Highlights1

    • Total revenue was $189 million, up 10%.
    • Subscription revenue was $145 million, up 9%.
    • Marketplace & Other revenue was $44 million, up 14%.
    • GAAP gross profit was $131 million, up 5%. GAAP gross margin of 69% compressed by 3 percentage points. Non-GAAP gross profit was $136 million, up 5%. Non-GAAP gross margin of 72% compressed by 3 percentage points.
    • GAAP operating loss was $12 million compared to $14 million. GAAP operating margin of negative 6% expanded by 2 percentage points. Non-GAAP operating income was $23 million compared to $16 million. Non-GAAP operating margin of 12% expanded by 3 percentage points.
    • GAAP diluted loss per share was $0.10 and non-GAAP diluted earnings per share was $0.30.
    • Net cash provided by operating activities was $63 million compared to $28 million.
    • Share repurchases in the fourth quarter totaled approximately 950 thousand shares for $25 million.

    Fiscal Year Financial Highlights1

    • Total revenue was $746 million, up 13%.
    • Subscription revenue was $569 million, up 11%, and represented 76% of total revenue.
    • Marketplace & Other revenue was $177 million, up 21%.
    • GAAP gross profit was $530 million, up 10%, and GAAP gross margin of 71% compressed by 2 percentage points. Non-GAAP gross profit was $550 million, up 12%, and non-GAAP gross margin of 74% compressed by 1 percentage point.
    • GAAP operating income was $5 million compared to $11 million. GAAP operating margin of 1% compressed by 1 percentage point. Non-GAAP operating income was $136 million compared to $105 million. Non-GAAP operating margin of 18% expanded by 2 percentage points.
    • GAAP diluted loss per share was $0.01, and non-GAAP diluted EPS was $1.70.
    • Net cash provided by operating activities was $154 million compared to $106 million.
    • Share repurchases in fiscal 2025 totaled approximately 3.8 million shares for $101 million. As of March 31, 2025, there was $256 million in remaining capacity under the share repurchase authorization that expires on December 31, 2026.

    A reconciliation between GAAP and non-GAAP results is provided in the schedules to this press release.

    Commenting on the results, CEO Scott Howe said: “We had a strong finish to fiscal 2025, with fourth quarter revenue and operating income exceeding our expectations, revenue growing at a double-digit rate and operating cash flow reaching a record high. As we enter fiscal 2026, more so than ever, we are focused on controlling what we can control: Making our platform faster and easier to use; rolling out new functionality, such as our new Cross Media Intelligence measurement solution; helping customers optimize ad spend by harnessing the power of our Data Collaboration Network; and, finally, prudently managing our own costs and growth investments. The near-term macro environment may be uncertain, but we remain confident that in the long-run we can drive sustained growth and shareholder value creation.”

    GAAP and Non-GAAP Results
    The following table summarizes the Company’s financial results for the fiscal 2025 fourth quarter and full year ended March 31, 2025 ($ in millions, except per share amounts):

           
      GAAP   Non-GAAP
      Q4 FY25 FY25   Q4 FY25 FY25
    Subscription revenue $145 $569   — —
    YoY change 9% 11%   — —
    Marketplace & Other revenue $44 $177   — —
    YoY change 14% 21%   — —
    Total revenue $189 $746   — —
    YoY change 10% 13%   — —
               
    Gross profit $131 $530   $136 $550
    % Gross margin 69% 71%   72% 74%
    YoY change (3 pts) (2 pts)   (3 pts) (1 pt)
               
    Operating income (loss) ($12) $5   $23 $136
    % Operating margin (6%) 1%   12% 18%
    YoY change 2 pts (1 pt)   3 pts 2 pts
               
    Net earnings (loss) ($6) ($1)   $20 $115
    Diluted earnings (loss) per share ($0.10) ($0.01)   $0.30 $1.70
               
    Shares to calculate diluted EPS 66.0 66.1   67.5 67.5
    YoY change (1%) (3%)   (1%) (1%)
               
    Net operating cash flow $63 $154   — —
    Free cash flow — —   $62 $153
               
    Totals may not sum due to rounding.
     
     

    A detailed discussion of our non-GAAP financial measures and a reconciliation between GAAP and non-GAAP results is provided in the schedules attached to this press release.

    Additional Business Highlights & Metrics

    • On February 25 we hosted an investor day presentation in San Francisco. The video replay, slide presentation and transcript are available on our investor relations website. Additionally, please see our investor day recap that highlights 10 interesting slides from the presentation, available here.
    • On February 25-27 we hosted our annual customer and partner conference, RampUp, in San Francisco, bringing together more than 2,500 leaders at the intersection of marketing, technology and data science. The event featured product demonstrations and 40+ panels and presentations featuring 110 leaders from some of the largest brands in the world, including Disney, Home Depot, P&G and Uber – to name a few. Video replays of these sessions are available here and an event recap for investors is available here.
    • On February 25 we announced Cross-Media Intelligence, a new capability that enables marketers to better measure and optimize campaigns anywhere their customers are. LiveRamp’s Cross-Media Intelligence is a premier solution for next-generation cross-media measurement, unifying insights across partners and datasets, and delivering actionable, repeatable insights with unmatched speed and precision. With Cross-Media Intelligence, marketers for the first time can access unified, deduplicated reporting across screens and platforms (additional information).
    • On April 22 Google announced that it will no longer roll out a new standalone prompt for consumers to opt-in to third-party cookie tracking on Chrome. LiveRamp’s mission remains the same: Enable best-in-class addressable reach and connectivity across every consumer experience by continuing to develop the largest and most useful data collaboration network. We will use cookies to extend reach on Chrome, while continuing to invest and expand our authenticated ecosystem across cookieless browsers (Safari, Firefox, and Edge), direct publisher integrations, CTV, mobile/gaming, and new AI integrations. Please see our blog post for additional information.
    • On March 6 we announced a workforce restructuring involving approximately 5% of our full-time employees. The restructuring is part of a broader strategic reprioritization to build a stronger, more profitable company by tightening our focus and simplifying and driving efficiency into our business processes. In the fourth quarter we incurred $7.2 million of restructuring and related charges primarily related to employee severance and benefits.
    • LiveRamp ended the year with 128 customers whose annualized subscription revenue exceeds $1 million, compared to 115 in the prior year.
    • LiveRamp ended the year with 840 direct subscription customers, compared to 900 in the prior year.
    • Fourth quarter subscription net retention was 104% and platform net retention was 106%.
    • Fourth quarter annualized recurring revenue (ARR), which is the last month of the quarter fixed subscription revenue annualized, was $504 million, up 8% compared to the prior year period.
    • Current remaining performance obligations (CRPO), which is contracted and committed revenue expected to be recognized over the next 12 months, was $471 million, up 14% compared to the prior year period.

    Financial Outlook

    LiveRamp’s non-GAAP operating income guidance excludes the impact of non-cash stock compensation, purchased intangible asset amortization, and restructuring and related charges.

    For the first quarter of fiscal 2026, LiveRamp expects to report:

    • Revenue of $191 million, an increase of 9%
    • GAAP operating income of $6 million
    • Non-GAAP operating income of $33 million

    For fiscal 2026, LiveRamp expects to report:

    • Revenue of between $787 million and $817 million, an increase of between 6% and 10%
    • GAAP operating income of between $85 million and $89 million
    • Non-GAAP operating income of between $178 million and $182 million

    Conference Call

    LiveRamp will hold a conference call today at 1:30 p.m. PT (4:30 p.m. ET) to further discuss this information. Interested parties are invited to listen to a webcast of the conference, which can be accessed on LiveRamp’s investor site. A slide presentation will be referenced during the call and is available here.

    About LiveRamp

    LiveRamp is a leading data collaboration technology company, empowering marketers and media owners to deliver and measure marketing performance everywhere it matters. LiveRamp’s data collaboration network seamlessly unites data across advertisers, platforms, publishers, data providers, and commerce media networks—unlocking deep insights, delivering transformational consumer experiences, and driving measurable growth.

    Built on a foundation of strict neutrality, interoperability, and global scale, LiveRamp enables organizations to maximize the value of their data while accelerating innovation. Trusted by many of the world’s leading brands, retailers, financial services providers, and healthcare innovators, LiveRamp is helping shape the future of responsible data collaboration in an AI-driven, outcomes-focused world where advertisers reach intended audiences and consumers receive more relevant advertising messages.

    LiveRamp is headquartered in San Francisco, California, with offices worldwide. Learn more at LiveRamp.com.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended (the “PSLRA”). Forward-looking statements are often identified by words or phrases such as “anticipate,” “estimate,” “plan,” “expect,” “believe,” “intend,” “foresee,” or the negative of these terms or other similar variations thereof, but the absence of these words does not mean that a statement is not forward-looking. These statements, which are not statements of historical fact, include, but are not limited to, the Company’s guidance regarding revenue, GAAP operating loss and Non-GAAP operating income for the first quarter and full year of fiscal 2026 and other similar estimates, assumptions, forecasts, projections and expectations regarding market position, product development, growth opportunities, economic conditions and other future events and trends.

    These forward-looking statements are not guarantees of future performance and are subject to a number of factors and uncertainties that could cause the Company’s actual results and experiences to differ materially from the anticipated results and expectations expressed in the forward-looking statements.

    Among the factors that may cause actual results and expectations to differ from anticipated results and expectations expressed in forward-looking statements are economic uncertainties that could impact us or our suppliers, customers and partners, including, geo-political circumstances, including risk related to tariffs and other trade restrictions, the possibility of a recession, general inflationary pressure and high interest rates; the ability and willingness of our customers to renew their agreements with us upon their expiration; our ability to add new customers and upsell within our subscription business; our reliance upon partners, including data suppliers, who may withdraw or withhold data from us; increased competition and rapidly changing technology that could impact our products and services; the risk that we fail to realize the potential benefits of or have difficulty integrating acquired businesses; and our inability to attract, motivate and retain talent. Additional risks include maintaining our culture and our ability to innovate and evolve while operating in a hybrid work environment, with some employees working remotely at least some of the time within a rapidly changing industry, while also avoiding disruption from reductions in our current workforce as well as disruptions resulting from acquisition, divestiture and other activities affecting our workforce. Our global workforce strategy could possibly encounter difficulty and not be as beneficial as planned. Our international operations are also subject to risks, including the performance of third parties as well as impacts from war and civil unrest, that may harm the Company’s business. The risk of a significant breach of the confidentiality of the information or the security of our or our customers’, suppliers’, or other partners’ data and/or computer systems, or the risk that our current insurance coverage may not be adequate for such a breach, that an insurer might deny coverage for a claim or that such insurance will continue to be available to us on commercially reasonable terms, or at all, could be detrimental to our business, reputation and results of operations. Other business risks include unfavorable publicity and negative public perception about our industry; interruptions or delays in service from data center or cloud hosting vendors we rely upon; and our dependence on the continued availability of third-party data hosting and transmission services. Our clients’ ability to use data on our platform could be restricted if the industry’s use of third-party cookies and tracking technology declines due to technology platform changes, regulation or increased user controls. Continued changes in the judicial, legislative, regulatory, accounting, cultural and consumer environments affecting our business, including but not limited to litigation, investigations, legislation, regulations and customs at the state, federal and international levels relating to information collection and use represents a risk, as well as changes in tax laws and regulations that are applied to our customers which could cause enterprise software budget tightening. In addition, third parties may claim that we are infringing their intellectual property or may infringe our intellectual property which could result in competitive injury and / or the incurrence of significant costs and draining of our resources.

    For a discussion of these and other risks and uncertainties that could affect LiveRamp’s business, reputation, results of operation, financial condition and stock price, please refer to LiveRamp’s filings with the U.S. Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of LiveRamp’s most recently filed Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and subsequent filings.

    The financial information set forth in this press release reflects estimates based on information available at this time.

    LiveRamp assumes no obligation and does not currently intend to update these forward-looking statements.

    To automatically receive LiveRamp financial news by email, please visit www.LiveRamp.com and subscribe to email alerts.

    For more information, contact:

    LiveRamp Investor Relations
    Investor.Relations@LiveRamp.com

    LiveRamp® and RampID™ and all other LiveRamp marks contained herein are trademarks or service marks of LiveRamp, Inc. All other marks are the property of their respective owners.

    ________________________
    1 Unless otherwise indicated, all comparisons are to the prior year period.

                 
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (Unaudited)
    (Dollars in thousands, except per share amounts)
                 
      For the three months ended March 31,
              $ %
      2025     2024     Variance Variance
                 
    Revenues 188,724     171,852     16,872   9.8 %
    Cost of revenue 57,929     47,722     10,207   21.4 %
    Gross profit 130,795     124,130     6,665   5.4 %
    % Gross margin 69.3 %   72.2 %      
                 
    Operating expenses            
    Research and development 45,926     45,161     765   1.7 %
    Sales and marketing 56,961     60,476     (3,515 ) (5.8 )%
    General and administrative 32,175     30,252     1,923   6.4 %
    Gains, losses and other items, net 7,241     2,516     4,725   187.8 %
    Total operating expenses 142,303     138,405     3,898   2.8 %
                 
    Loss from operations (11,508 )   (14,275 )   2,767   19.4 %
    % Margin (6.1 )%   (8.3 )%      
                 
    Total other income, net 4,762     5,070     (308 ) (6.1 )%
    Loss from continuing operations before income taxes (6,746 )   (9,205 )   2,459   26.7 %
    Income tax benefit (479 )   (3,027 )   2,548   84.2 %
    Net earnings from continuing operations (6,267 )   (6,178 )   (89 ) (1.4 )%
                 
    Earnings from discontinued operations, net of tax –     805     (805 ) (100.0 )%
                 
    Net loss (6,267 )   (5,373 )   (894 ) (16.6 )%
                 
    Basic loss per share:            
    Continuing operations (0.10 )   (0.09 )   (0.00 ) (2.0 )%
    Discontinued operations 0.00     0.01     (0.01 ) (100.0 )%
    Basic loss per share (0.10 )   (0.08 )   (0.01 ) (17.3 )%
                 
    Diluted loss per share:            
    Continuing operations (0.10 )   (0.09 )   (0.00 ) (2.0 )%
    Discontinued operations 0.00     0.01     (0.01 ) (100.0 )%
    Diluted loss per share (0.10 )   (0.08 )   (0.01 ) (17.3 )%
                 
    Basic weighted average shares 65,957     66,323        
    Diluted weighted average shares 65,957     66,323        
                 
    Some totals may not sum due to rounding.            
                 
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (Unaudited)
    (Dollars in thousands, except per share amounts)
                 
      For the twelve months ended March 31,
              $ %
      2025     2024     Variance Variance
                 
    Revenues 745,580     659,661     85,919   13.0 %
    Cost of revenue 215,910     179,489     36,421   20.3 %
    Gross profit 529,670     480,172     49,498   10.3 %
    % Gross margin 71.0 %   72.8 %      
                 
    Operating expenses            
    Research and development 176,668     151,201     25,467   16.8 %
    Sales and marketing 213,106     195,693     17,413   8.9 %
    General and administrative 126,499     110,166     16,333   14.8 %
    Gains, losses and other items, net 7,993     11,708     (3,715 ) (31.7 )%
    Total operating expenses 524,266     468,768     55,498   11.8 %
                 
    Income from operations 5,404     11,404     (6,000 ) (52.6 )%
    % Margin 0.7 %   1.7 %      
                 
    Total other income, net 17,436     22,957     (5,521 ) (24.0 )%
    Income from continuing operations before income taxes 22,840     34,361     (11,521 ) (33.5 )%
    Income tax expense 25,342     24,270     1,072   4.4 %
    Net earnings (loss) from continuing operations (2,502 )   10,091     (12,593 ) (124.8 )%
                 
    Earnings from discontinued operations, net of tax 1,688     1,790     (102 ) (5.7 )%
                 
    Net earnings (loss) (814 )   11,881     (12,695 ) (106.9 )%
                 
    Basic earnings (loss) per share:            
    Continuing operations (0.04 )   0.15     (0.19 ) (124.8 )%
    Discontinued operations 0.03     0.03     (0.00 ) (5.5 )%
    Basic earnings (loss) per share (0.01 )   0.18     (0.19 ) (106.9 )%
                 
    Diluted earnings (loss) per share:            
    Continuing operations (0.04 )   0.15     (0.19 ) (125.5 )%
    Discontinued operations 0.03     0.03     (0.00 ) (3.1 )%
    Diluted earnings (loss) per share (0.01 )   0.17     (0.19 ) (107.0 )%
                 
    Basic weighted average shares 66,126     66,266        
    Diluted weighted average shares 66,126     67,918        
                 
    Some totals may not sum due to rounding.            
                 
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP EPS (1)
    (Unaudited)
    (Dollars in thousands, except per share amounts)
                   
      For the three months
    ended March 31,    		   For the twelve months
    ended March 31,
      2025     2024     2025     2024
                   
    Income (loss) from continuing operations before income taxes (6,746 )   (9,205 )   22,840     34,361
    Income tax expense (benefit) (479 )   (3,027 )   25,342     24,270
    Net earnings from continuing operations (6,267 )   (6,178 )   (2,502 )   10,091
    Earnings from discontinued operations, net of tax –     805     1,688     1,790
    Net earnings (loss) (6,267 )   (5,373 )   (814 )   11,881
                   
    Basic earnings (loss) per share (0.10 )   (0.08 )   (0.01 )   0.18
    Diluted earnings (loss) per share (0.10 )   (0.08 )   (0.01 )   0.17
                   
    Excluded items:              
    Purchased intangible asset amortization (cost of revenue) 3,135     3,097     14,415     8,785
    Non-cash stock compensation (cost of revenue and operating expenses) 24,166     24,780     107,979     71,304
    Restructuring and merger charges (gains, losses, and other) 7,241     2,516     7,993     11,708
    Transformation costs (general and administrative) —     —     —     1,875
    Total excluded items from continuing operations 34,542     30,393     130,387     93,672
                   
    Income from continuing operations before income taxes and excluding items 27,796     21,188     153,227     128,033
    Income tax expense (2) 7,759     3,947     38,296     29,882
    Non-GAAP net earnings (loss) from continuing operations 20,037     17,241     114,931     98,151
                   
    Non-GAAP earnings per share from continuing operations              
    Basic 0.30     0.26     1.74     1.48
    Diluted 0.30     0.25     1.70     1.45
                   
    Basic weighted average shares 65,957     66,323     66,126     66,266
    Diluted weighted average shares 67,479     68,471     67,499     67,918
                   
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.
                   
    (2) Non-GAAP income taxes were calculated by applying the estimated annual effective tax rate to year-to-date pretax income or loss and adjusting for discrete tax items in the period. The differences between our GAAP and non-GAAP effective tax rates were primarily due to the net tax effects of the excluded items, coupled with the valuation allowance and smaller pre-tax income for GAAP purposes.
                   
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP INCOME FROM OPERATIONS (1)
    (Unaudited)
    (Dollars in thousands)
                   
      For the three months
    ended March 31,    		   For the twelve months
    ended March 31,
      2025     2024     2025     2024  
                   
    Income (loss) from operations (11,508 )   (14,275 )   5,404     11,404  
    Operating income (loss) margin (6.1 )%   (8.3 )%   0.7 %   1.7 %
                   
    Excluded items:              
    Purchased intangible asset amortization (cost of revenue) 3,135     3,097     14,415     8,785  
    Non-cash stock compensation (cost of revenue and operating expenses) 24,166     24,780     107,979     71,304  
    Restructuring and merger charges (gains, losses, and other) 7,241     2,516     7,993     11,708  
    Transformation costs (general and administrative) –     –     –     1,875  
    Total excluded items 34,542     30,393     130,387     93,672  
                   
    Income from operations before excluded items 23,034     16,118     135,791     105,076  
    Non-GAAP operating income margin 12.2 %   9.4 %   18.2 %   15.9 %
                   
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.
                   
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF ADJUSTED EBITDA (1)
    (Unaudited)
    (Dollars in thousands)
                   
      For the three months
    ended March 31,    		   For the twelve months
    ended March 31,
      2024     2023     2024     2023  
                   
    Net earnings (loss) from continuing operations (6,267 )   (6,178 )   (2,502 )   10,091  
    Income tax expense (benefit) (479 )   (3,027 )   25,342     24,270  
    Total other expense, net (4,762 )   (5,070 )   (17,436 )   (22,957 )
                   
    Income (loss) from operations (11,508 )   (14,275 )   5,404     11,404  
    Depreciation and amortization 3,803     3,823     17,207     11,508  
                   
    EBITDA (7,705 )   (10,452 )   22,611     22,912  
                   
    Other adjustments:              
    Non-cash stock compensation (cost of revenue and operating expenses) 24,166     24,780     107,979     71,304  
    Restructuring and merger charges (gains, losses, and other) 7,241     2,516     7,993     11,708  
    Transformation costs (general and administrative) –     –     –     1,875  
                   
    Other adjustments 31,407     27,296     115,972     84,887  
                   
    Adjusted EBITDA 23,702     16,844     138,583     107,799  
                   
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.
                   
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED BALANCE SHEETS
    (Dollars in thousands)
                 
      March 31   March 31   $ %
      2025     2024     Variance Variance
    Assets            
    Current assets:            
    Cash and cash equivalents 413,331     336,867     76,464   22.7 %
    Restricted cash 595     2,604     (2,009 ) (77.2 )%
    Short-term investments 7,500     32,045     (24,545 ) (76.6 )%
    Trade accounts receivable, net 186,169     190,313     (4,144 ) (2.2 )%
    Refundable income taxes, net 9,708     8,521     1,187   13.9 %
    Other current assets 38,886     31,682     7,204   22.7 %
    Total current assets 656,189     602,032     54,157   9.0 %
                 
    Property and equipment 23,813     25,394     (1,581 ) (6.2 )%
    Less – accumulated depreciation and amortization 17,629     17,213     416   2.4 %
    Property and equipment, net 6,184     8,181     (1,997 ) (24.4 )%
                 
    Intangible assets, net 20,167     34,583     (14,416 ) (41.7 )%
    Goodwill 501,756     501,756     –   – %
    Deferred commissions, net 44,452     48,143     (3,691 ) (7.7 )%
    Other assets, net 30,623     36,748     (6,125 ) (16.7 )%
      1,259,371     1,231,443     27,928   2.3 %
                 
    Liabilities and Stockholders’ Equity            
    Current liabilities:            
    Trade accounts payable 112,271     81,202     31,069   38.3 %
    Accrued payroll and related expenses 50,776     61,575     (10,799 ) (17.5 )%
    Other accrued expenses 38,586     42,857     (4,271 ) (10.0 )%
    Deferred revenue 45,885     30,942     14,943   48.3 %
    Total current liabilities 247,518     216,576     30,942   14.3 %
                 
    Other liabilities 62,994     65,732     (2,738 ) (4.2 )%
                 
    Stockholders’ equity:            
    Preferred stock –     –     –   n/a
    Common stock 15,918     15,594     324   2.1 %
    Additional paid-in capital 2,045,316     1,933,776     111,540   5.8 %
    Retained earnings 1,313,358     1,314,172     (814 ) (0.1 )%
    Accumulated other comprehensive income 4,295     3,964     331   8.4 %
    Treasury stock, at cost (2,430,028 )   (2,318,371 )   (111,657 ) 4.8 %
    Total stockholders’ equity 948,859     949,135     (276 ) (0.0 )%
      1,259,371     1,231,443     27,928   2.3 %
                 
           
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Unaudited)
    (Dollars in thousands)
      For the three months
    ended March 31,
      2025     2024  
    Cash flows from operating activities:      
    Net loss (6,267 )   (5,373 )
    Earnings from discontinued operations, net of tax —     (805 )
    Non-cash operating activities:      
    Depreciation and amortization 3,803     3,823  
    Loss on disposal or impairment of assets 44     6  
    Lease-related impairment and restructuring charges (28 )   (546 )
    Gain on sale of strategic investments (515 )   —  
    Loss on marketable equity securities 206     —  
    Provision for doubtful accounts (453 )   1,947  
    Deferred income taxes (496 )   (498 )
    Non-cash stock compensation expense 24,166     24,780  
    Changes in operating assets and liabilities:      
    Accounts receivable, net 25,187     8,700  
    Deferred commissions 46     (3,971 )
    Other assets 4,703     8,514  
    Accounts payable and other liabilities 11,738     (246 )
    Income taxes (523 )   (7,285 )
    Deferred revenue 969     (1,403 )
    Net cash provided by operating activities 62,580     27,643  
    Cash flows from investing activities:      
    Capital expenditures (293 )   (1,791 )
    Cash paid in acquisitions, net of cash received —     (170,281 )
    Purchases of investments —     (24,509 )
    Proceeds from sales of investments —     25,000  
    Proceeds from sale of strategic investment 763     —  
    Net cash provided by (used in) investing activities 470     (171,581 )
    Cash flows from financing activities:      
    Proceeds related to the issuance of common stock under stock and employee benefit plans 202     1  
    Shares repurchased for tax withholdings upon vesting of stock-based awards (1,026 )   (719 )
    Acquisition of treasury stock (25,447 )   (15,177 )
    Net cash used in financing activities (26,271 )   (15,895 )
    Net cash provided by (used in) continuing operations 36,779     (159,833 )
    Cash flows from discontinued operations:      
    From operating activities (798 )   805  
    Net cash provided by (used in) discontinued operations (798 )   805  
    Net cash provided by (used in) continuing and discontinued operations 35,981     (159,028 )
    Effect of exchange rate changes on cash 580     (447 )
           
    Net change in cash, cash equivalents and restricted cash 36,561     (159,475 )
    Cash, cash equivalents and restricted cash at beginning of period 377,365     498,946  
    Cash, cash equivalents and restricted cash at end of period 413,926     339,471  
           
    Supplemental cash flow information:      
    Cash paid for income taxes, net from continuing operations 558     4,905  
    Cash received for income taxes, net from discontinued operations —     (1,258 )
    Cash paid for operating lease liabilities 2,426     2,594  
           
           
    Operating lease assets obtained in exchange for operating lease liabilities —     148  
    Operating lease assets, and related lease liabilities, relinquished in lease terminations (40 )   —  
    Purchases of property, plant and equipment remaining unpaid at period end 20     104  
    Marketable equity securities obtained in disposition of strategic investment 652     —  
    Excise tax payable on net stock repurchases 64     —  
           
           
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Unaudited)
    (Dollars in thousands)
      For the twelve months
    ended March 31,
      2025     2024  
    Cash flows from operating activities:      
    Net earnings (loss) (814 )   11,881  
    Earnings from discontinued operations, net of tax (1,688 )   (1,790 )
    Non-cash operating activities:      
    Depreciation and amortization 17,207     11,508  
    Loss on disposal or impairment of assets 85     1,219  
    Lease-related impairment and restructuring charges 14     1,769  
    Gain on sale of strategic investments (515 )   —  
    Loss on marketable equity securities 206     —  
    Provision for doubtful accounts 695     2,254  
    Impairment of goodwill —     2,875  
    Deferred income taxes (447 )   (458 )
    Non-cash stock compensation expense 107,979     71,304  
    Changes in operating assets and liabilities:      
    Accounts receivable, net 3,547     (32,336 )
    Deferred commissions 3,691     (11,113 )
    Other assets 2,105     9,426  
    Accounts payable and other liabilities 3,573     8,508  
    Income taxes 3,430     22,275  
    Deferred revenue 14,897     8,334  
    Net cash provided by operating activities 153,965     105,656  
    Cash flows from investing activities:      
    Capital expenditures (1,042 )   (4,255 )
    Cash paid in acquisitions, net of cash received (1,951 )   (170,281 )
    Purchases of investments (1,967 )   (48,894 )
    Proceeds from sales of investments 26,989     50,750  
    Proceeds from sale of strategic investment 763     —  
    Purchases of strategic investments (1,400 )   (1,000 )
    Net cash provided by (used in) investing activities 21,392     (173,680 )
    Cash flows from financing activities:      
    Proceeds related to the issuance of common stock under stock and employee benefit plans 8,833     7,222  
    Shares repurchased for tax withholdings upon vesting of stock-based awards (10,331 )   (5,835 )
    Acquisition of treasury stock (101,198 )   (60,502 )
    Net cash used in financing activities (102,696 )   (59,115 )
    Net cash provided by (used in) continuing operations 72,661     (127,139 )
    Cash flows from discontinued operations:      
    From operating activities 1,688     1,790  
    Net cash provided by discontinued operations 1,688     1,790  
    Net cash provided by (used in) continuing and discontinued operations 74,349     (125,349 )
    Effect of exchange rate changes on cash 106     372  
           
    Net change in cash, cash equivalents and restricted cash 74,455     (124,977 )
    Cash, cash equivalents and restricted cash at beginning of period 339,471     464,448  
    Cash, cash equivalents and restricted cash at end of period 413,926     339,471  
           
    Supplemental cash flow information:      
    Cash paid for income taxes, net from continuing operations 22,548     2,465  
    Cash received for income taxes, net from discontinued operations (2,486 )   (2,765 )
    Cash received for tenant improvement allowances (2,628 )   —  
    Cash paid for operating lease liabilities 9,798     10,293  
           
           
    Operating lease assets obtained in exchange for operating lease liabilities 2,327     11,825  
    Operating lease assets, and related lease liabilities, relinquished in lease terminations (595 )   (4,486 )
    Purchases of property, plant and equipment remaining unpaid at period end 20     104  
    Marketable equity securities obtained in disposition of strategic investment 652     —  
    Excise tax payable on net stock repurchases 128     —  
           
    LIVERAMP HOLDINGS, INC AND SUBSIDIARIES
    CALCULATION OF FREE CASH FLOW (1)
    (Unaudited)
    (Dollars in thousands)
                           
      6/30/2023 9/30/2023 12/31/2023 3/31/2024 FY2024   6/30/2024 9/30/2024 12/31/2024 3/31/2025 FY2025
                           
    Net cash provided by (used in) operating activities $ 25,693   $ 35,764   $ 16,556   $ 27,643   $ 105,656     $ (9,328 ) $ 55,596   $ 45,117   $ 62,580   $ 153,965  
                           
    Less:                      
    Capital expenditures   (53 )   (200 )   (2,211 )   (1,791 )   (4,255 )     (226 )   (241 )   (282 )   (293 )   (1,042 )
                           
    Free Cash Flow $ 25,640   $ 35,564   $ 14,345   $ 25,852   $ 101,401     $ (9,554 ) $ 55,355   $ 44,835   $ 62,287   $ 152,923  
                           
                           
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.
     
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (Unaudited)
    (Dollars in thousands, except per share amounts)
                              Yr-to-Yr
      FY2024   FY2025   FY2025 to FY2024
      6/30/2023 9/30/2023 12/31/2023 3/31/2024 FY2024   6/30/2024 9/30/2024 12/31/2024 3/31/2025 FY2025   % $
                                 
    Revenues   154,069     159,871     173,869     171,852     659,661       175,961     185,483     195,412     188,724     745,580     13.0 % 85,919  
    Cost of revenue   45,621     41,212     44,934     47,722     179,489       51,749     51,234     54,998     57,929     215,910     20.3 % 36,421  
    Gross profit   108,448     118,659     128,935     124,130     480,172       124,212     134,249     140,414     130,795     529,670     10.3 % 49,498  
    % Gross margin   70.4 %   74.2 %   74.2 %   72.2 %   72.8 %     70.6 %   72.4 %   71.9 %   69.3 %   71.0 %      
                                 
    Operating expenses                            
    Research and development   34,519     33,733     37,788     45,161     151,201       44,118     43,889     42,735     45,926     176,668     16.8 % 25,467  
    Sales and marketing   44,879     44,135     46,203     60,476     195,693       54,175     51,107     50,863     56,961     213,106     8.9 % 17,413  
    General and administrative   26,664     26,009     27,241     30,252     110,166       30,961     31,369     31,994     32,175     126,499     14.8 % 16,333  
    Gains, losses and other items, net   116     6,574     2,502     2,516     11,708       206     397     149     7,241     7,993     (31.7 )% (3,715 )
    Total operating expenses   106,178     110,451     113,734     138,405     468,768       129,460     126,762     125,741     142,303     524,266     11.8 % 55,498  
                                 
    Income (loss) from operations   2,270     8,208     15,201     (14,275 )   11,404       (5,248 )   7,487     14,673     (11,508 )   5,404     (52.6 )% (6,000 )
    % Margin   5.0 %   24.3 %   40.2 %   (31.6 )%   1.7 %     (3.0 )%   4.0 %   7.5 %   (6.1 )%   0.7 %      
                                 
    Total other income, net   4,849     6,431     6,607     5,070     22,957       4,444     4,197     4,033     4,762     17,436     (24.0 )% (5,521 )
                                 
    Income (loss) from continuing operations before income taxes   7,119     14,639     21,808     (9,205 )   34,361       (804 )   11,684     18,706     (6,746 )   22,840     (33.5 )% (11,521 )
    Income tax expense (benefit)   8,705     10,163     8,429     (3,027 )   24,270       6,685     9,952     9,184     (479 )   25,342     4.4 % 1,072  
    Net earnings (loss) from continuing operations   (1,586 )   4,476     13,379     (6,178 )   10,091       (7,489 )   1,732     9,522     (6,267 )   (2,502 )   (124.8 )% (12,593 )
                                 
    Earnings from discontinued operations, net of tax   –     387     598     805     1,790       –     –     1,688     –     1,688     (5.7 )% (102 )
                                 
    Net earnings (loss) $ (1,586 ) $ 4,863   $ 13,977   $ (5,373 ) $ 11,881     $ (7,489 ) $ 1,732   $ 11,210   $ (6,267 ) $ (814 )   (106.9 )% (12,695 )
                                 
    Basic earnings (loss) per share:                            
    Continuing Operations   (0.02 )   0.07     0.20     (0.09 )   0.15       (0.11 )   0.03     0.15     (0.10 )   (0.04 )   (124.8 )% (0.19 )
    Discontinued Operations   0.00     0.01     0.01     0.01     0.03       0.00     0.00     0.03     0.00     0.03     (5.5 )% (0.00 )
    Basic earnings (loss) per share   (0.02 )   0.07     0.21     (0.08 )   0.18       (0.11 )   0.03     0.17     (0.10 )   (0.01 )   (106.9 )% (0.19 )
                                 
    Diluted earnings (loss) per share:                            
    Continuing Operations   (0.02 )   0.07     0.20     (0.09 )   0.15       (0.11 )   0.03     0.14     (0.10 )   (0.04 )   (125.5 )% (0.19 )
    Discontinued Operations   0.00     0.01     0.01     0.01     0.03       0.00     0.00     0.03     0.00     0.03     (3.1 )% (0.00 )
    Diluted earnings (loss) per share   (0.02 )   0.07     0.21     (0.08 )   0.17       (0.11 )   0.03     0.17     (0.10 )   (0.01 )   (107.0 )% (0.19 )
                                 
                                 
    Basic weighted average shares   66,497     66,284     65,961     66,323     66,266       66,621     66,294     65,631     65,957     66,126        
    Diluted weighted average shares   66,497     67,868     67,943     66,323     67,918       66,621     67,309     66,743     65,957     66,126        
                                 
    Some earnings (loss) per share amounts may not add due to rounding.         
                                 
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP EXPENSES (1)
    (Unaudited)
    (Dollars in thousands)
      FY2024   FY2025
      6/30/2023 9/30/2023 12/31/2023 3/31/2024 FY2024   6/30/2024 9/30/2024 12/31/2024 3/31/2025 FY2025
    Expenses:                      
    Cost of revenue 45,621   41,212   44,934   47,722   179,489     51,749   51,234   54,998   57,929   215,910  
    Research and development 34,519   33,733   37,788   45,161   151,201     44,118   43,889   42,735   45,926   176,668  
    Sales and marketing 44,879   44,135   46,203   60,476   195,693     54,175   51,107   50,863   56,961   213,106  
    General and administrative 26,664   26,009   27,241   30,252   110,166     30,961   31,369   31,994   32,175   126,499  
    Gains, losses and other items, net 116   6,574   2,502   2,516   11,708     206   397   149   7,241   7,993  
                           
    Gross profit, continuing operations: 108,448   118,659   128,935   124,130   480,172     124,212   134,249   140,414   130,795   529,670  
    % Gross margin 70.4 % 74.2 % 74.2 % 72.2 % 72.8 %   70.6 % 72.4 % 71.9 % 69.3 % 71.0 %
                           
    Excluded items:                      
    Purchased intangible asset amortization (cost of revenue) 3,290   1,217   1,181   3,097   8,785     3,846   3,748   3,686   3,135   14,415  
    Non-cash stock compensation (cost of revenue) 629   629   817   1,478   3,553     1,596   1,499   1,455   1,615   6,165  
    Non-cash stock compensation (research and development) 5,077   5,293   6,960   9,859   27,189     10,205   10,920   10,085   10,494   41,704  
    Non-cash stock compensation (sales and marketing) 3,736   4,786   4,089   6,337   18,948     7,093   7,383   7,278   5,716   27,470  
    Non-cash stock compensation (general and administrative) 3,850   5,027   5,631   7,106   21,614     9,091   9,266   7,942   6,341   32,640  
    Restructuring charges (gains, losses, and other) 116   6,574   2,502   2,516   11,708     206   397   149   7,241   7,993  
    Transformation costs (general and administrative) 1,875   —   —   —   1,875     —     —   —   —  
    Total excluded items 18,573   23,526   21,180   30,393   93,672     32,037   33,213   30,595   34,542   130,387  
                           
    Expenses, excluding items:                      
    Cost of revenue 41,702   39,366   42,936   43,147   167,151     46,307   45,987   49,857   53,179   195,330  
    Research and development 29,442   28,440   30,828   35,302   124,012     33,913   32,969   32,650   35,432   134,964  
    Sales and marketing 41,143   39,349   42,114   54,139   176,745     47,082   43,724   43,585   51,245   185,636  
    General and administrative 20,939   20,982   21,610   23,146   86,677     21,870   22,103   24,052   25,834   93,859  
                           
    Gross profit, excluding items: 112,367   120,505   130,933   128,705   492,510     129,654   139,496   145,555   135,545   550,250  
    % Gross margin 72.9 % 75.4 % 75.3 % 74.9 % 74.7 %   73.7 % 75.2 % 74.5 % 71.8 % 73.8 %
                           
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.
     
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP EPS (1)
    (Unaudited)
    (Dollars in thousands, except per share amounts)
      FY2024   FY2025
      6/30/2023 9/30/2023 12/31/2023 3/31/2024 FY2024   6/30/2024 9/30/2024 12/31/2024 3/31/2025 FY2025
                           
    Income (loss) from continuing operations before income taxes 7,119   14,639 21,808 (9,205 ) 34,361   (804 ) 11,684 18,706 (6,746 ) 22,840  
    Income tax expense (benefit) 8,705   10,163 8,429 (3,027 ) 24,270   6,685   9,952 9,184 (479 ) 25,342  
    Net earnings (loss) from continuing operations (1,586 ) 4,476 13,379 (6,178 ) 10,091   (7,489 ) 1,732 9,522 (6,267 ) (2,502 )
                           
    Earnings from discontinued operations, net of tax –   387 598 805   1,790   –   – 1,688 –   1,688  
                           
    Net earnings (loss) (1,586 ) 4,863 13,977 (5,373 ) 11,881   (7,489 ) 1,732 11,210 (6,267 ) (814 )
                           
    Earnings (loss) per share:                      
    Basic (0.02 ) 0.07 0.21 (0.08 ) 0.18   (0.11 ) 0.03 0.17 (0.10 ) (0.01 )
    Diluted (0.02 ) 0.07 0.21 (0.08 ) 0.17   (0.11 ) 0.03 0.17 (0.10 ) (0.01 )
                           
    Excluded items:                      
    Purchased intangible asset amortization (cost of revenue) 3,290   1,217 1,181 3,097   8,785   3,846   3,748 3,686 3,135   14,415  
    Non-cash stock compensation (cost of revenue and operating expenses) 13,292   15,735 17,497 24,780   71,304   27,985   29,068 26,760 24,166   107,979  
    Restructuring and merger charges (gains, losses, and other) 116   6,574 2,502 2,516   11,708   206   397 149 7,241   7,993  
    Transformation costs (general and administrative) 1,875   – – –   1,875   –   – – –   –  
    Total excluded items from continuing operations 18,573   23,526 21,180 30,393   93,672   32,037   33,213 30,595 34,542   130,387  
                           
    Income from continuing operations before income taxes and excluding items 25,692   38,165 42,988 21,188   128,033   31,233   44,897 49,301 27,796   153,227  
    Income tax expense (2) 6,167   9,036 10,732 3,947   29,882   7,371   10,745 12,421 7,759   38,296  
    Non-GAAP net earnings from continuing operations 19,525   29,129 32,256 17,241   98,151   23,862   34,152 36,880 20,037   114,931  
                           
    Non-GAAP earnings per share from continuing operations                      
    Basic 0.29   0.44 0.49 0.26   1.48   0.36   0.52 0.56 0.30   1.74  
    Diluted 0.29   0.43 0.47 0.25   1.45   0.35   0.51 0.55 0.30   1.70  
                           
    Basic weighted average shares 66,497   66,284 65,961 66,323   66,266   66,621   66,294 65,631 65,957   66,126  
    Diluted weighted average shares 67,388   67,868 67,943 68,471   67,918   68,463   67,309 66,743 67,479   67,499  
                           
    Some totals may not add due to rounding           
                           
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.
     

     

    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP OPERATING INCOME GUIDANCE (1)
    (Unaudited)
    (Dollars in thousands)
      For the   For the
      quarter ending   year ending
      June 30,
    2025    		   March 31,
    2026
               
          Low   High
               
    GAAP income from operations $ 6,000   $ 85,000   $ 89,000
               
    Excluded items:          
    Purchased intangible asset amortization   3,000     11,000     11,000
    Non-cash stock compensation   24,000     82,000     82,000
    Total excluded items   27,000     93,000     93,000
               
    Non-GAAP income from operations $ 33,000   $ 178,000   $ 182,000
               
               
    (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.
               
    APPENDIX A
    LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
    Q4 FISCAL 2025 FINANCIAL RESULTS
    EXPLANATION OF NON-GAAP MEASURES AND OTHER KEY METRICS
     
    To supplement our financial results, we use non-GAAP measures which exclude certain acquisition related expenses, non-cash stock compensation and restructuring charges. We believe these measures are helpful in understanding our past performance and our future results. Our non-GAAP financial measures and schedules are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated GAAP financial statements. Our management regularly uses these non-GAAP financial measures internally to understand, manage and evaluate our business and to make operating decisions. These measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is also based in part on the performance of our business based on these non-GAAP measures.
     
    Our non-GAAP financial measures, including non-GAAP earnings (loss) per share, non-GAAP income (loss) from operations, non-GAAP operating income (loss) margin, non-GAAP expenses and adjusted EBITDA reflect adjustments based on the following items, as well as the related income tax effects when applicable:
     
    Purchased intangible asset amortization: We incur amortization of purchased intangibles in connection with our acquisitions. Purchased intangibles include (i) developed technology, (ii) customer and publisher relationships, and (iii) trade names. We expect to amortize for accounting purposes the fair value of the purchased intangibles based on the pattern in which the economic benefits of the intangible assets will be consumed as revenue is generated. Although the intangible assets generate revenue for us, we exclude this item because this expense is non-cash in nature and because we believe the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding our operational performance.
     
    Non-cash stock compensation: Non-cash stock compensation consists of charges for employee restricted stock units, performance shares and stock options in accordance with current GAAP related to stock-based compensation including expense associated with stock-based compensation related to unvested options assumed in connection with our acquisitions. As we apply stock-based compensation standards, we believe that it is useful to investors to understand the impact of the application of these standards to our operational performance. Although stock-based compensation expense is calculated in accordance with current GAAP and constitutes an ongoing and recurring expense, such expense is excluded from non-GAAP results because it is not an expense that typically requires or will require cash settlement by us and because such expense is not used by us to assess the core profitability of our business operations.
     
    Restructuring charges: During the past several years, we have initiated certain restructuring activities in order to align our costs in connection with both our operating plans and our business strategies based on then-current economic conditions. As a result, we recognized costs related to termination benefits for employees whose positions were eliminated, lease and other contract termination charges, and asset impairments. These items, as well as third party expenses associated with business acquisitions in the prior years, reported as gains, losses, and other items, net, are excluded from non-GAAP results because such amounts are not used by us to assess the core profitability of our business operations.
     
    Transformation costs: In previous years, we incurred significant expenses to separate the financial statements of our operating segments, with particular focus on segment-level balance sheets, and to evaluate portfolio priorities. Our criteria for excluding transformation expenses from our non-GAAP measures is as follows: 1) projects are discrete in nature; 2) excluded expenses consist only of third-party consulting fees that we would not incur otherwise; and 3) we do not exclude employee related expenses or other costs associated with the ongoing operations of our business. We substantially completed those projects during the third quarter of fiscal year 2018. Beginning in the fourth quarter of fiscal 2018, and through most of fiscal 2019, we incurred transaction support expenses and system separation costs related to the Company’s announced evaluation of strategic options for its Marketing Solutions (AMS) business. In the first and second quarters of fiscal 2021 in response to the potential COVID-19 pandemic impact on our business and again during fiscal 2023 in response to macroeconomic conditions, we incurred significant costs associated with the assessment of strategic and operating plans, including our long-term location strategy, and assistance in implementing the restructuring activities as a result of this assessment.  Our criteria for excluding these costs are the same. We believe excluding these items from our non-GAAP financial measures is useful for investors and provides meaningful supplemental information.
     
    Our non-GAAP financial schedules are:
     
    Non-GAAP EPS, Non-GAAP Income from Operations, and Non-GAAP expenses: Our Non-GAAP earnings per share, Non-GAAP income from operations, Non-GAAP operating income margin, and Non-GAAP expenses reflect adjustments as described above, as well as the related tax effects where applicable.
     
    Adjusted EBITDA: Adjusted EBITDA is defined as net income from continuing operations before income taxes, other income and expenses, depreciation and amortization, and including adjustments as described above. We use Adjusted EBITDA to measure our performance from period to period both at the consolidated level as well as within our operating segments and to compare our results to those of our competitors. We believe that the inclusion of Adjusted EBITDA provides useful supplementary information to and facilitates analysis by investors in evaluating the Company’s performance and trends. The presentation of Adjusted EBITDA is not meant to be considered in isolation or as an alternative to net earnings as an indicator of our performance.
     
    Free Cash Flow: To supplement our statement of cash flows, we use a non-GAAP measure of cash flow to analyze cash flows generated from operations. Free cash flow is defined as operating cash flow less capital expenditures. Management believes that this measure of cash flow is meaningful since it represents the amount of money available from continuing operations for the Company’s discretionary spending. The presentation of non-GAAP free cash flow is not meant to be considered in isolation or as an alternative to cash flows from operating activities as a measure of liquidity.
     

    PDF available: http://ml.globenewswire.com/Resource/Download/d38f8ec4-85ab-47f8-b916-e99c4789ac26 

    The MIL Network –

  • MIL-OSI USA: Duckworth, Durbin Demand Answers on Access to Care for Illinoisans After Prime Healthcare Reduces Services Following Acquisitions of Eight Hospitals

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth
    May 20, 2025
    In their letter to Prime Healthcare, the Senators demand answers on the justification, process, & impact of Prime’s decision to cut pediatric, trauma, and maternal health care services in several newly-acquired hospitals
    [WASHINGTON, D.C.] – U.S. Senator Tammy Duckworth (D-IL) and U.S. Senate Democratic Whip Dick Durbin (D-IL), today sent a letter to the CEO of Prime Healthcare, Dr. Prem Reddy, about the company’s recent acquisition of eight Illinois hospitals that were formerly owned by Ascension.  Since acquiring these hospitals in March 2025, Prime has suspended or terminated pediatric, trauma, and maternal care services at some of the locations, creating even more barriers for Illinoisans to access health care.  These hospitals, now owned by Prime, a for-profit hospital system operating 51 hospitals across 14 states, provide health care to Illinoisans who rely on federal health programs, and several of these locations serve a population in which more than two-thirds of inpatients are covered by Medicaid or Medicare.
    Despite commitments by Prime to “not make any material reductions to, or material changes in, the mix or level of services offered at any Hospital… to meet community needs,” pediatric services have been terminated at St. John’s Medical Center in Joliet; there has been a withdrawal of the Level II trauma designation at Mercy Medical Center in Aurora; and the comprehensive obstetric and maternal care services at St. Mary’s in Kankakee has been terminated.
    “We sincerely urge your health system to immediately reconsider these decisions, as the consequences of these reductions hold the potential to strip patients of critical and specialized care, impose additional barriers to accessing care, and exacerbate the existing health care needs in the communities these hospitals serve,” the Senators wrote.
    Duckworth and Durbin continue their letter, emphasizing that when a hospital measures success by profit margins rather than its ability to provide care, patients and communities suffer.
    “Hospitals often measure their success by the patients they save and the ability to improve health in their surrounding neighborhoods.  However, as the grip of for-profit hospital systems tightens across our nation’s health care networks, profitability has risen as a primary indicator of success for hospital owners,” the lawmakers wrote.
    “When operations are centered around a hospital’s ability to generate as much profit as possible, it often comes at the expense of patients, staff, and the quality and safety of care.  As a result, hospital staffing levels diminish and costs for services increase, adding to the existing strain on hospitals to provide high standards of care,” the Senators continued their letter.
    As Duckworth and Durbin note, Prime has a history of prioritizing profit over patient care, resulting in two major settlements with the Department of Justice to resolve alleged violations of the False Claims Act relating to Medicare kickbacks and up-coding.
    The lawmakers closed their letter by expressing their concern that Illinoisans are losing access to quality health care.  Because of those concerns, the Senators requested additional information from Prime about operations at each of the hospitals, particularly around decisions to shut down pediatric, trauma, and maternal health care services.
    “Prime Healthcare has only operated these eight Illinois hospitals for two months, and there are already profound concerns about patients losing access to care.  Given the impact these decisions will have on Illinois patients, hospitals, and the health care workforce, we request answers to [our] questions by June 10, 2025,” the lawmakers wrote.
    The eight hospitals acquired by Prime Healthcare are Ascension Holy Family (Des Plaines), Ascension Mercy (Aurora), Ascension Resurrection (Chicago), Ascension Saint Francis (Evanston), Ascension Saint Joseph (Joliet), Ascension Saint Joseph (Elgin), Ascension Saint Mary (Kankakee), and Ascension Saint Mary and Saint Elizabeth (Chicago). 
    A copy of the letter is available here and below:
    May 20, 2025
    Dear Dr. Reddy:
    We write to express our concern regarding recent decisions that may limit access to essential health care services for patients across Illinois.  Earlier this year, your for-profit health system, Prime Healthcare, acquired several former Ascension hospitals in Illinois.  These hospitals provide health care to beneficiaries of federal health programs, with several Prime Healthcare hospitals serving a population in which more than two-thirds of inpatients have Medicare or Medicaid health coverage.
    In March 2025, Prime Healthcare completed the acquisition of Ascension Holy Family (Des Plaines), Ascension Mercy (Aurora), Ascension Resurrection (Chicago), Ascension Saint Francis (Evanston), Ascension Saint Joseph (Joliet), Ascension Saint Joseph (Elgin), Ascension Saint Mary (Kankakee), and Ascension Saint Mary and Saint Elizabeth (Chicago).  As part of Prime’s approval by the Illinois Health Facilities & Review Board for the change in ownership, Prime committed to, among other provisions, “not make any material reductions to, or material changes in, the mix or level of services offered at any Hospital … to meet community needs.”  Prime further stated, “No changes to the scope of services or the levels of care provided at the facility are currently anticipated to occur within 24 months.”  Unfortunately, the decisions that have followed since have led to the discontinuation of several critical health care services.
    We are particularly concerned about the suspension of pediatric services at St. John’s Medical Center in Joliet, the withdrawal of the Level II trauma designation at Mercy Medical Center in Aurora, and the recent termination of comprehensive obstetric and maternal care services at St. Mary’s in Kankakee.  We sincerely urge your health system to immediately reconsider these decisions, as the consequences of these reductions hold the potential to strip patients of critical and specialized care, impose additional barriers to accessing care, and exacerbate the existing health care needs in the communities these hospitals serve.
    Hospitals often measure their success by the patients they save and the ability to improve health in their surrounding neighborhoods.  However, as the grip of for-profit hospital systems tightens across our nation’s health care networks, profitability has risen as a primary indicator of success for hospital owners.  When operations are centered around a hospital’s ability to generate as much profit as possible, it often comes at the expense of patients, staff, and the quality and safety of care.  As a result, hospital staffing levels diminish and costs for services increase, adding to the existing strain on hospitals to provide high standards of care.  Indeed, Prime Healthcare already has been the subject of several federal enforcement actions, including separate settlements in 2018 and 2021 totaling $100 million to resolve alleged False Claims Act violations for Medicare kickbacks and up-coding.
    Prime Healthcare has only operated these eight Illinois hospitals for two months, and there are already profound concerns about patients losing access to care.  Given the impact these decisions will have on Illinois patients, hospitals, and the health care workforce, we request answers to the following questions by June 10, 2025: 
    What considerations were taken prior to eliminating pediatric services at St. John’s Medical Center, as well as shrinking obstetric and maternal care services at St. Mary’s?
    For each hospital’s service line referenced above, what was the average daily census or patient count each week over the past year?
    How far back does the data, pertaining to average daily census or patient counts each week, that Prime has access to go?
    Prior to deciding to eliminate pediatric services, did Prime formally engage with neighboring hospitals or the Illinois Health Facilities & Services Review Board about the adequacy of nearby capacity to serve these patient’s needs?  If so, please describe and share such documentation with the feedback provided by each entity.

    How does Prime Healthcare plan to compensate for the loss of these essential health services and ensure that these communities continue to have access to specialized treatment and maternal care?
    Following the revocation of Mercy Medical Center’s Level II trauma designation, how will the hospital’s emergency readiness be impacted?  How will the hospital address the need for trauma care within the community?
    What projections does Prime have for the impact on ambulance service times for patients now being diverted from Mercy to another hospital?  Have there been any efforts to engage with the Illinois Department of Public Health regarding the potential reversal of this revocation?  If so, please describe in detail.

    You previously made a commitment not to change “the scope of services or the levels of care…within 24 months.”  What circumstances have shifted since the acquisition to justify a different course of action? 
    How many health care providers and personnel have been or will be terminated as a result of these closures?  How will this impact patient wait times and their ability to continue their plan of care with a provider?
    How much does Prime Healthcare anticipate saving financially as a result of these recent closures? 
    Does Prime Healthcare have future plans to shut down or reduce additional health facilities or services in Illinois?  If so, please describe in detail.
    Thank you for your attention to this important matter.  We look forward to your prompt reply.
    -30-

    MIL OSI USA News –

  • MIL-OSI USA: Duckworth, Cramer, Welch Renew Bipartisan Push to Help Families Experiencing Diaper Need

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth
    May 20, 2025
    [WASHINGTON, D.C.] – Today, U.S. Senators Tammy Duckworth (D-IL), Kevin Cramer (R-ND) and Peter Welch (D-VT) re-introduced bipartisan legislation to make it easier for low-income families to afford the diapers they need. The End Diaper Need Act of 2025 would help assist low-income families address diaper need by providing targeted funding for states, territories, diaper banks and other eligible entities who help provide diapers and diapering supplies at no cost to those in need. A companion version of this bill is being introduced in the House by U.S. Representatives Rosa DeLauro (D-CT-03) and Bonnie Watson Coleman (D-NJ-12).
    “No parent should have to choose between paying the bills and buying something as basic as diapers that are essential to the health and well-being of their children,” said Senator Duckworth. “After working for years to secure major funding that is supporting our nation’s diaper banks, I’m proud to have Senators Cramer and Welch on my side reintroducing this bipartisan bill so we can help end diaper need for all families.”
    “Diapers are a basic necessity for all babies and toddlers, but many families struggle to afford enough diapers for their children,” said Senator Cramer. “Our bipartisan bill will increase access to diapers for children in need and deliver a commonsense tax policy update to ensure families can use their health savings in a way that works for them.” 
    “At a time when Republicans are trying to cut services working families rely on, and in the midst of an affordability crisis, it is important parents have access to the essentials they need,” said Senator Welch. “That’s why I’m proud to support this commonsense, bipartisan bill.”
    Diapers are critical not only for those who wear them but also for the economic and emotional health of a family as a whole. However, in this country, 1 in 2 families has reported not having enough diapers. It’s estimated that infants require up to 12 diapers a day. At the same time, toddlers need up to 8 per day, costing $80 to $100 or more per month per baby. Despite the unsafe medical conditions that can occur from rationing diapers, such as skin infections, open sores, urinary tract infections and other conditions that may require medical attention, there is currently little to no federal assistance for purchasing diapers and diapering supplies.
    To address this problem, the bipartisan End Diaper Need Act of 2025 would:
    Appropriate $200 million per year for fiscal years 2026 to 2029 for the Social Services Block Grant Program, to be used to provide diapers and diapering supplies; and
    Make medically necessary diapers and diapering supplies qualified medical expenses so that families can purchase them using their HSAs or HRAs.
     A copy of the bill text can be found on Senator Duckworth’s website.
    Along with Duckworth, Cramer and Welch, the legislation is co-sponsored in the Senate by U.S. Senator Mark Kelly (D-AR).
    Along with DeLauro and Coleman, this legislation is co-sponsored in the House by U.S. Representative Valerie Foushee (D-NC-04).
    “Families across the United States are struggling with the high cost of living. They are living paycheck to paycheck and struggling to keep up with their expenses. Sadly, one in three families do not have enough diapers to keep their children clean and healthy,” said Congresswoman DeLauro. “We cannot allow that to continue. If families do not have diapers, they cannot send their children to daycare. And if they cannot send their children to daycare, they cannot work. That is why I introduced the End Diaper Need Act with Congresswoman Bonnie Watson Coleman, and Senators Duckworth and Cramer, to provide families with reliable access to clean diapers that help keep their children safe and comfortable. I am also proud to join them in expressing our gratitude to local diaper banks and distribution programs that help support children and families nationwide. I will always fight to ensure families have the resources they need to thrive.”
    “When families are forced to stretch their dollars by forgoing diapers it can put babies’ health at serious risk,” said Congresswoman Watson Coleman. “This legislation will help struggling families afford diapers and diapering supplies for their little ones. It’s time we do more to support working families trying to make ends meet – this bill will help us do that.”
    The bipartisan End Diaper Need Act is endorsed by National Diaper Bank Network, Aeroflow, Center for Baby and Adult Hygiene Products, Center for Law and Social Policy, Child Welfare League of America, Coalition for Human Needs, First Focus for Children, HDI Wholesale, HIPPY US, JSL, Kimberly-Clark, MomsRising, National Women’s Law Center Action Fund and ZERO TO THREE.
    “Our more than 240 member diaper banks are keeping babies healthier and helping parents access child care,” said National Diaper Bank Network CEO Joanne Samuel Goldblum. “But our research shows that diaper need has become much more widespread in the years that we have been tracking it. Unmet diaper need is pervasive in all of our communities throughout the country. A public health issue of this scale cannot be solved without our government investing in the proven solution to end diaper need.”
    Duckworth also reintroduced the End Diaper Need Act in 2019, 2021 and 2023. She successfully secured $20 million in the final fiscal year (FY) 2023 appropriations package—and $10 million in the FY2022 appropriations package—dedicated to expanding diaper distribution programs. Duckworth also successfully secured provisions that mirrored her bipartisan End Diaper Need Act in the Democrat-passed American Rescue Plan that helped provide many low-income families with diapers and diapering supplies throughout the pandemic.
    -30-

    MIL OSI USA News –

  • MIL-OSI USA: Salinas, Bacon, Beyer, Gonzales Lead Bipartisan Resolution to Designate May as Mental Health Awareness Month

    Source: US Representative Andrea Salinas (OR-06)

    Washington, DC – Today, U.S. Representatives Andrea Salinas (OR-06), Don Bacon (NE-02), Donald Beyer (VA-08), and Tony Gonzales (TX-23) – the Co-Chairs of the Congressional Bipartisan Mental Health Caucus – led 39 of their colleagues in introducing a bipartisan resolution to designate May 2025 as National Mental Health Awareness Month.

    “Along with my fellow Co-Chairs in the Bipartisan Mental Health Caucus, I’m proud to introduce this resolution recognizing May as Mental Health Awareness Month,” said Rep. Salinas. “At a time when 23% of American adults struggle with mental health challenges, it’s critically important that we work together to reduce the stigma, raise awareness, and expand access to quality, affordable care. Our Caucus is committed to finding commonsense solutions that will move us closer to that goal and put an end to America’s mental health crisis.”

    “As someone whose family has been impacted by mental health, I know we have a real need for increased access to care, improved infrastructure and reduced stigma surrounding mental illness,” said Rep. Bacon. “By recognizing Mental Health Awareness Month, hopefully we can highlight the need to invest in mental health care and ensure access to treatment for those experiencing mental health crises.”

    “Mental health is an issue that touches most families. Tens of millions of Americans report symptoms of anxiety or depression, and suicide is one of the top causes of death in the U.S,” said Rep. Beyer. “Recognizing May as Mental Health Awareness Month has long helped to put a spotlight on this topic, to help people realize they are not alone, and to bring together those of us who seek solutions. I will continue working with colleagues in both parties to do all I can to improve mental health in this country.”  

    Along with Reps. Salinas, Bacon, Beyer, and Gonzales, the resolution is cosponsored by Reps. Gabe Amo (RI-01), Becca Balint (VT-AL), Wesley Bell (MO-01), Ami Bera (CA-06), Suzanne Bonamici (OR-01), Julia Brownley (CA-26), Sean Casten (IL-06), Joaquin Castro (TX-20), Gil Cisneros (CA-31), Emanuel Cleaver (MO-05), Jim Costa (CA-21), Madeline Dean (PA-04), Veronica Escobar (TX-16), Dwight Evans (PA-03), Brian Fitzpatrick (PA-01), Robert Garcia (CA-42), Sylvia Garcia (TX-29), Josh Gottheimer (NJ-05), Pablo Hernández (PR-AL), Eleanor Holmes Norton (DC-AL), Val Hoyle (OR-04), Marcy Kaptur (OH-09), Greg Landsman (OH-01), Doris Matsui (CA-07), Jennifer McClellan (VA-04), Brittany Pettersen (CO-07), Delia C. Ramirez (IL-03), Emily Randall (WA-06), Raul Ruiz (CA-25), Terri Sewell (AL-07), Mikie Sherrill (NJ-11), Eric Sorensen (IL-17), Shri Thanedar (MI-13), Jill Tokuda (HI-02), Paul Tonko (NY-20), Gabe Vasquez (NM-02), Nydia Velazquez (NY-07), Bonnie Watson Coleman (NJ-12), and Nikema Williams (GA-05).

    The resolution is endorsed by the following organizations, in alphabetical order: American Foundation for Suicide Prevention (AFSP), American Association of Child and Adolescent Psychiatry (AACAP), American Counseling Association (ACA), American Psychological Association (APA), Mental Health America (MHA), National Alliance on Mental Illness (NAMI), National Association of Social Workers (NASW), National Council for Mental Wellbeing, Young Invincibles.

    Since 1949, May has been observed as National Mental Health Awareness Month, a time when advocates and activists across the country draw attention to the mental health issues that affect as many as one in four Americans. Today, more people die from suicide in the United States than from traffic accidents or homicides, and we lose at least 17 veterans to suicide daily.

    Unfortunately, because of the stigma associated with mental illness, many people do not seek the help they need for themselves or their loved ones. National Mental Health Awareness Month is a time when we work together to break through that stigma and to find real, bipartisan solutions for Americans to access the affordable, high-quality care they need. We express compassion for those who struggle with mental health issues, and we draw attention to the proven methods that can help change their lives for the better.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Energy Department to Redirect $365 Million to Support Grid Resilience Efforts in Puerto Rico

    Source: US Department of Energy

    WASHINGTON— The U.S. Department of Energy (DOE) today announced it will redirect $365 million in funding to address Puerto Rico’s grid resiliency and expand access of affordable, reliable, and secure power supply for the people of Puerto Rico. The funding, allocated through the Puerto Rico Resilience Fund (PR-ERF), will be deployed to support practical fixes and emergency activities that offer a faster, more impactful solution to the current crisis, benefiting critical facilities like hospitals and community centers.

    Today’s announcement follows U.S. Secretary of Energy Chris Wright’s decision to issue two emergency orders for Puerto Rico just weeks after the most recent island-wide blackout, underscoring the urgency of deploying immediate solutions for the millions of people who depend on Puerto Rico’s fragile grid to power their homes and businesses.

    “With President Trump’s leadership, the Department of Energy is focused on fortifying America’s electric grid and ensuring the reliable delivery of electricity across the country, and nowhere is this more needed than in Puerto Rico,” said Secretary Wright. “By redirecting these funds, we will ensure taxpayer dollars are used to strengthen access to affordable, reliable and secure power, benefiting more citizens as quickly as possible. This strategic shift allows us to address the root causes of the grid’s instability, strengthening the grid’s fragile infrastructure and delivering lasting relief for Puerto Rico.”

    “Puerto Rico is facing an energy emergency that requires we act now and deliver immediate solutions. Our communities, businesses, and healthcare facilities cannot afford to wait years, nor can we rely on piecemeal approaches with limited results. Rather than impacting a few customers, deploying these funds for urgent projects that improve the resiliency and reliability of our grid will have widespread, lasting benefits for all 3.2 million Americans in Puerto Rico,” said Puerto Rico Governor Jenniffer González-Colón. “Since day one, President Trump and Secretary Wright have made it a priority to ensure we implement comprehensive solutions to address Puerto Rico’s energy challenges. I look forward to continuing working with them on these efforts.”

    This $365 million funding was initially awarded by the Biden administration in December 2024 to support rooftop solar and battery storage installations slated to begin construction in 2026. Today, DOE is reprioritizing these awards and will redirect funding to support technologies that improve system flexibility and response, power flow and control, component strength, supply security, and safety. The redirection of these funds will expand access to reliable power for millions of people rather than thousands and generate a higher return on investment for taxpayers while advancing grid resiliency for Puerto Rico.   

    DOE is working in close coordination with Puerto Rico Governor Jenniffer González-Colón, Energy Czar Josué A. Colón-Ortiz, Puerto Rico’s energy industry and key community leaders and stakeholders to ensure maximum effectiveness of DOE resiliency funds.

    MIL OSI USA News –

  • MIL-OSI Security: Update 292 – IAEA Director General Statement on Situation in Ukraine

    Source: International Atomic Energy Agency – IAEA

    The IAEA team based at Ukraine’s Zaporizhzhya Nuclear Power Plant (ZNPP) heard bursts of gunfire this morning, coinciding with a purported drone attack on the site’s training centre, Director General Rafael Mariano Grossi said.

    It was the third time this year that the training centre, located just outside the site perimeter, was reportedly targeted by such an unmanned aerial vehicle.

    The ZNPP told the IAEA team that the drone hit the roof of the training centre, without causing any casualties or major damage. It was not immediately known whether the drone had directly struck the building or whether it crashed on the structure after being shot down, the ZNPP said.

    The IAEA staff members heard the gunfire shortly before 10am local time, but it was not clear if this observation was connected to the drone.

    The IAEA team requested to visit the training centre, as it was able to do following the previous such incident that occurred in April. However, on this occasion permission has not yet been granted.

    “These reported drone incidents are very concerning, as they could pose a direct threat to nuclear safety and security. To put it simply: there are too many drones flying near nuclear sites, not just the Zaporizhzhya Nuclear Power Plant. It should stop immediately,” Director General Grossi said.

    In February, a drone severely damaged the New Safe Confinement (NSC) at the Chornobyl plant in northern Ukraine, built to prevent any radioactive release from the reactor unit 4 destroyed in the 1986 accident and to protect it from external hazards.

    In mid-April, a drone was reportedly shot down and crashed near the ZNPP’s training centre, just over three months after another reported drone attack on the same centre.

    Ukraine’s operating nuclear power plants (NPPs) – Khmelnytskyy, Rivne and South Ukraine – also regularly report of drones being detected near the respective sites. Last Friday, the IAEA team at the South Ukraine NPP was informed that drones were observed as close as 2km from the site and the team reported hearing anti-aircraft fire from their hotel. The same night, drones were reported to have been observed transiting through the Chornobyl Exclusion Zone.

    MIL Security OSI –

  • MIL-OSI Submissions: Finland – Modirum Partners with State Networks Finland to Deliver Real-Time Group Video Services for Finland’s Nationwide Public Safety Network

    Source: Modirum

    Helsinki, Finland, 21.5.2025 – Modirum and State Networks Finland (Erillisverkot) have announced a strategic partnership to deploy real-time group video services on Virve 2, Finland’s next-generation nationwide public safety network. This collaboration introduces a cutting-edge video platform designed to improve situational awareness, operational coordination, and decision-making for authorities and organizations operating in safety-critical environments.

    Enhancing Situational Awareness and Operational Readiness with Secure, Mission-Critical Video Solutions

    Modern public safety operations demand fast and secure access to live information from the field. Modirum’s NSC3 Group Video Service enables the secure transmission of live video, audio, and location data between field units and command centers — empowering faster response, better coordination, and ultimately, saving lives.

    Already in operational use by several Finnish public safety organizations, the platform supports various video inputs, including body-worn cameras, vehicle-mounted systems, drones, and fixed surveillance units. Purpose-built for harsh operational environments, NSC3 ensures reliable, real-time collaboration for first responders and other mission-critical actors.

    “For data security reasons, videos captured by public authorities cannot travel through commercial networks. Together with Modirum, we’ve built a centralized, secure Group Video Service tailored for safety-critical organizations. It provides a highly reliable and encrypted way to transfer live video from the field to command centers.”
    — Tuomas Ahlfors, Product Manager, State Networks (Erillisverkot)

    “The Group Video Service has proven to be a critical operational tool, significantly enhancing situational awareness and resource coordination. It enables more agile deployments and better crisis response.”
    — Mauri Kataja, Account Manager, State Networks (Erillisverkot)

    “We are proud to partner with State Networks, a recognized European leader in secure public safety infrastructure. Their commitment to innovation and national resilience aligns closely with Modirum’s mission to deliver AI-driven, mission-critical platforms that strengthen operational capabilities in demanding conditions.”
    — Tero Silvola, CEO, Modirum

    About State Networks – Erillisverkot

    State Networks Finland is a government-owned special-purpose entity under the Prime Minister’s Office, responsible for safeguarding mission-critical communication and infrastructure services in all circumstances. Through its Virve 2 broadband network, it delivers secure communications and situational awareness solutions for emergency services, public authorities, and other essential actors in Finnish society.

    Learn more: https://www.erillisverkot.fi

    About NSC3 by Modirum

    NSC3 is Modirum’s advanced platform for real-time situational awareness and secure communications. Supporting input from drones, body cams, dash cams, and IP cameras, NSC3 delivers seamless video sharing and features the industry’s fastest patented video engine, integrated Push-to-Talk and messaging, and is optimized for low-latency performance in all network conditions.

    Learn more: https://modirumplatforms.com/platforms/critical-communication/nsc3

    Modirum

    Modirum is a leading innovator in delivering secure, AI-driven solutions for Critical Communications, Telecom, Finance, Public & Government, Health Care and Energy sectors. With a focus on platform development, our mission is to empower public safety organizations and businesses by enabling them to launch, deliver, and scale services more efficiently while maintaining trust, reliability, and innovation.

    With 27 years of experience and a team of 250+ experts, we’ve successfully executed 500+ projects across 30 countries. Our expert team partners with organizations to deliver cutting-edge solutions tailored to the unique needs of the industries we serve.

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Africa – Joint Statement of Commission of the Bishops’ Conferences of the European Union (COMECE) and Symposium of Episcopal Conferences of Africa and Madagascar (SECAM) ahead of the AU – EU Foreign Ministers’ Meeting on 21 May 2025

    SOURCE: Symposium of Episcopal Conferences of Africa and Madagascar (SECAM)

    Africa needs a transformation rooted in the Gospel values of care for creation, solidarity with the poor, and the pursuit of peace

    ACCRA, Ghana, May 21, 2025 – As shepherds of the Catholic Church in Africa and in Europe, we, the bishops of the Symposium of Episcopal Conferences of Africa and Madagascar (SECAM) (www.SECAM.org) and of the Commission of the Bishops’ Conferences of the European Union (COMECE), speak today with a voice formed by the lived realities of our people – farmers, fisherfolk, pastoralists, women and youth – whose lives are shaped by the land, and whose hope depends on justice, peace, and dignity. We welcome the convening of the joint African Union–European Union Foreign Ministers’ Meeting as an opportunity to examine not only shared ambitions but the very nature of our partnership. 
    As SECAM and COMECE have already stated five years ago, “we are firmly convinced that Africa and Europe could become the engines for a reinvigoration of multilateral cooperation by reinforcing their longstanding ties marked by our common roots and geographical proximity […] towards an equitable and responsible partnership that puts the people at its centre”.

    We are, however, deeply concerned about certain developments in this partnership over recent years. We have witnessed a profound shift in European priorities – away from solidarity with the most fragile regions and communities, and from development cooperation aimed at eradicating poverty and hunger, towards a more narrowly defined set of geopolitical and economic interests. Notwithstanding the commendable intention behind some projects promoting human development at the grassroots, certain initiatives supported under the EU’s Global Gateway – while presented as mutually beneficial – too often seem to replicate extractive patterns of the past: privileging European corporate and strategic aims over the real needs and aspirations of African people.

    Land, water, seeds, and minerals – the very foundations of life – seem to be once again treated as commodities for foreign profit rather than as common goods to be stewarded with care. Africa is being asked to sacrifice its ecosystems and communities to help Europe meet its decarbonisation goals – whether through massive land deals for so-called “green” energy projects, the expansion of carbon offset plantations, or the outsourcing of industrial agriculture’s toxic inputs and waste. This is not partnership. This is not justice.

    “The earth herself, burdened and laid waste, is among the most abandoned and maltreated of our poor” (Laudato Si’, §2)

    The Catholic Church, inspired by late Pope Francis’ encyclical Laudato Si’, shares the understanding that we must hear both the cry of the earth and the cry of the poor. These cries are loud and clear across Africa. Climate change is wreaking havoc on those who depend on the land, even as our continent has contributed least to the crisis. Soil degradation, poisoned water, and the loss of biodiversity are destroying the foundation of rural life. Hunger in Africa is growing, not because we lack food, but because we have allowed systems to dominate that put profit above people and that treat agriculture as an industrial process, not a way of life.

    We urge the ministers gathered in Brussels to place the dignity of African peoples at the heart of the AU-EU partnership. This means supporting a transformation of agriculture that breaks free from dependency on imported fertilisers, chemical inputs, and genetically modified seeds. It means protecting and promoting farmer-managed seed systems, which are the repositories of Africa’s agricultural biodiversity and the key to food sovereignty. These systems are not backward or inefficient – they are resilient, rooted in tradition, and adapted to local ecologies. Criminalising farmers for saving seeds or imposing rigid intellectual property regimes aligned with UPOV or corporate agendas violates both their rights and the planet’s needs.

    We call for an immediate ban on the export and use of Highly Hazardous Pesticides in Africa. It is a grave injustice that chemicals banned in Europe for their risks to health and ecosystems are still manufactured there and marketed to African farmers. This double standard must end. Instead, we must invest in agroecology – a science, a practice, and a social movement that nourishes the land, respects cultural traditions, and empowers women and youth. Agroecology offers a truly African path to climate adaptation and rural regeneration. It is rooted in the wisdom of our communities and validated by science. It is our future.

    Moreover, we remind our political leaders that land is sacred. For most Africans, land is not merely a factor of production or a tradable asset. It is a gift from God, entrusted to us by our ancestors and held in common for future generations. Large-scale land acquisitions by foreign investors or development finance institutions, carried out without free, prior, and informed consent, are an affront to this sacred trust. They displace communities, erode customary rights, and contribute to conflict and forced migration. Ministers must act decisively to end land grabbing and ensure legal protection for communal and customary tenure systems.

    We are particularly disturbed by growing use of African territory as a site for Europe’s resource needs and climate ambitions. Decarbonisation must not come at the cost of African ecosystems or the rights of African communities. It is ethically untenable to demand that Africa become the dumping ground for Europe’s “green transition” – whether through extractive mining for critical minerals or vast land projects that reduce our continent to a carbon sink.

    Let us be clear: Africa does not need charity, nor does it need to be a battleground for external interests. What it needs is justice. What it needs is a partnership grounded in mutual respect, environmental stewardship, and the centrality of human dignity. We believe such a partnership is possible – but only if the structures and priorities of AU-EU cooperation are fundamentally reoriented towards these objectives.

    We therefore urge ministers to listen more closely to African civil society, Indigenous peoples, and faith communities – not as token participants, but as equal co-creators of policy. Real dialogue means making space for the voices of those who live on and with the land.

    We conclude by echoing the spirit of Laudato Si’, which calls for an “integral ecology” – one that recognises the profound interconnection between people, planet, and purpose.

    We pray that this meeting may mark a turning point – not only in diplomatic relations but in the moral and spiritual compass guiding our shared future.

    Africa needs a transformation rooted in the Gospel values of care for creation, solidarity with the poor, and the pursuit of peace. As Laudato Si’ teaches us, “everything is interconnected” (§117) – and so our response must be holistic and courageous.

    We invite the AU and EU Foreign Ministers to rise to this moment. Let this be the partnership that listens to the cries of the earth and the cries of the poor. Let this be the moment when Africa’s future is shaped not by external interests, but by the aspirations of its people – especially those who till the land, feed the nation, and protect the environment.

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Tech – Europe’s Largest Inaugural Tech and Startup Event Opens in Berlin as the Continent Spurs Momentum for Open Innovation and AI Leadership

    Source: GITEX EUROPE x Ai Everything 2025

    EconomyEntrepreneurs / Start-UpTech / DigitalInnovation – Ministers and senior tech stakeholders from the European Union, Germany and the UAE inaugurate the momentous first edition of GITEX EUROPE x Ai Everything.

    Berlin, Germany – 21 May 2025: Berlin became the focal point of Europe’s tech momentum and global digital cooperation as GITEX EUROPE x Ai Everything 2025 opened its doors today at Messe Berlin, launching the region’s largest inaugural tech, startup and digital investment event to capacity crowds and the biggest, most international lineup of tech and businesses converging in Europe. The show arrives at an inflection point in Europe’s digital future, sparked by a continent-wide ‘Choose Europe’ movement to anchor the next wave of innovation, research, investment, talent and deep-tech breakthroughs on home ground; alongside a renewed impetus in Germany represented by the formation of a new government and the country’s first digital ministry taking stewardship on digital transformation, AI excellence and data policy.

    Born in the UAE with global editions now running in seven countries, GITEX is the world’s largest and best-rated tech and startup event, reflecting the UAE’s wider national commitment to global digital collaboration. With the show’s expansion into Europe, it echoes the UAE’s shared commitment to advance innovation and scientific frontiers, recently strengthened with Abu Dhabi’s MGX investment and Nvidia partnering to develop Europe’s largest AI data center campus (1) alongside the development of a new 5GW AI campus (2), the largest of its kind outside the US to be based in Abu Dhabi.

    Welcome addresses led the inauguration ceremony from European and global leaders, including Kai Wegner, Governing Mayor of Berlin; H.E. Alia Al Mazrouei, UAE Minister of State for Entrepreneurship; Clara Chappaz, the Minister of AI and Digital of France; Thomas Jarzombek, Parliamentary State Secretary at the Federal Minister for Digital and State Modernization, Germany; Jan Kavalírek, Deputy Minister of Industry and Trade, Czech Republic; Franziska Giffey, Mayor of Berlin & Senator for Economic Affairs, Energy and Public Enterprises; and Trixie LohMirmand, EVP of Dubai World Trade Centre, the global organiser of GITEX.

    With participation from over 100 countries, 1,400 tech companies, startups, and SMEs, more than 600 influential investors, and 500 industry leaders on-stage, the event sparked strategic dialogues on innovation, investment, policy shifts and business transformations, as well as catalysed collaborations at scale – across sectors and geographies. Taking place until 23 May at Messe Berlin, GITEX EUROPE x Ai Everything 2025 is organised in partnership with the Berlin Senate Department for Economics, Energy and Public Enterprises, Germany’s Federal Ministry for Economic Affairs and Climate Action, Berlin Partner for Business and Technology, and the European Innovation Council (EIC).

    Kai Wegner, Governing Mayor of Berlin: “The GITEX tech fair – which is taking place in Berlin for the very first time – brings founders from around the world, investors, and established companies together. As Germany’s startup capital, Berlin is the perfect place for GITEX. We want to create the best environment for founders in our city. Networking events and industry fairs like GITEX are part of that effort.”

    Her Excellency (H.E.) Alia Al Mazrouei, the UAE Minister of State for Entrepreneurship: “Moving beyond economic diplomacy, the UAE is now championing entrepreneurial diplomacy, guided by our diligent efforts in fostering global partnerships to empower entrepreneurs in the country. GITEX EUROPE’s vision of bringing together SMEs, investors, accelerators, incubators and industry leaders to ignite innovation, foster collaboration, and drive growth aligns with the UAE’s aspirations to strengthen partnerships with Europe in entrepreneurship and digital economy.”

    Clara Chappaz, the Minister of AI and Digital of France, commented on the development of AI: “When you were hear about Europe being a continent of regulation, this is the past. Today, Europe is all about innovation. More than ever, we have all the ingredients to succeed as Europeans building these amazing technologies when it comes to AI. The partnerships between France and Germany is extremely determined to accelerate Europe when it comes to innovation, and in particular when it comes to everything we can do on digital innovation.”

    Thomas Jarzombek, Parliamentary State Secretary at the Federal Minister for Digital and State Modernization reiterated: “It’s a great opportunity here to connect startups and also for investment opportunities right now here in Berlin. We have to move forward, faster than we did in the past. Easy for you to do business in Germany, easy for every citizen to do everything with an app and to digitalize things you have in our pocket right now.”

    Jan Kavalírek, Deputy Minister of Industry and Trade, Czech Republic: “One of our top priorities right now, is to create the best possible environment for AI researchers and to deploy artificial intelligence across all the industrial sector. This is the reason why we invest in AI heavily, both in software and in hardware infrastructure, and this is also the reason why we are glad to part of GITEX EUROPE.”

    Franziska Giffey, Mayor of Berlin and Senator for Economic Affairs, Energy and Public Enterprises: “We have more than 5,000 startup enterprises here in Berlin, and of course we want to do more. We want to be the number one innovation place in Europe. Whenever you think about coming to the place of freedom, the place of possibilities, come to Berlin.”

    Trixie LohMirmand, global organiser of GITEX: “As the world’s third largest economy, Germany’s market gravity and Europe’s openness create a powerful test-bed where capital, code and talent can cross-pollinate at speed, forging new collaborative forces across geographies and sectors. GITEX EUROPE proves that innovations can scale beyond borders, opening new markets and opportunities for Europe’s most ambitious companies.”

    Spanning high impact showcases and talks covering AI, cybersecurity, deep tech, green tech, quantum computing, SMEs, and startup, scaleup and investments, GITEX EUROPE x Ai Everything offers unmatched opportunities to access new markets, breakthrough technologies, industry transformations and business insights.

    Across the show floor, global tech enterprises including IBM, AWS, Bosch, Cisco, CrowdStrike, Dell, Fortinet, Lenovo, ManageEngine, NinjaOne, NVIDIA, and SAP, alongside over 750 startups from 60 countries, showcase how infrastructure, intelligence, and investment intersect to propel Europe’s digital future forward. From business leaders to AI architects, quantum researchers to CIOs, green tech innovators to global investors, the opening day’s gathering set the tone for decisive partnerships accelerating the continent’s AI and digital competitiveness.

    The opening day conference programme was headlined by Dr. Geoffrey Hinton, Nobel Physics Laureate and ‘Godfather of AI’ with a riveting keynote on ‘AI for Humanity’s Greatest Challenges’. In April 2025, the United Arab Emirates and European Union delivered a joint statement to begin dialogue toward a Comprehensive Economic Partnership Agreement (CEPA) (3) aimed at strengthening bilateral trade and investment ties across key sectors such as AI, advanced manufacturing, healthcare and more.

    GITEX EUROPE x Ai Everything leverages a powerful network of established relationships in tech, policy, investment and business spanning four regions and seven countries, with more new international editions in the wings. Currently the GITEX global network of events takes place in Abu Dhabi, Dubai, Germany, Morocco, Nigeria, Singapore, Thailand, and Vietnam.

    (1) https://fastcompanyme.com/news/nvidia-and-abu-dhabis-mgx-join-french-partners-to-build-europes-largest-ai-campus/
    (2) https://www.techrepublic.com/article/news-uae-us-ai-campus/
    (3) https://www.wam.ae/en/article/bj3wkyv-uae-president-president-european-commission-agree

    For more information, visit: www.gitex-europe.com.

    About GITEX EUROPE x Ai Everything 2025

    GITEX EUROPE x Ai Everything 2025, Europe’s most global, collaborative, and cross-industry tech event, taking place from May 21–23, 2025, at Messe Berlin, Germany. Convening over 1,400 exhibiting enterprises, SMEs and startups from 100-plus countries, alongside over 600 investors, and 500 expert speakers across AI, Deep Tech, Quantum, Cybersecurity, Connectivity, Smart Cities, Green Tech, and many more, GITEX EUROPE x Ai Everything is advancing the continent’s digital future in partnership with the world. This inaugural edition features the new SMEDEX, GITEX SCALEX, and GQX, and brings to Germany the world’s largest and best-rated startup and investor event – North Star Europe. GITEX EUROPE x Ai Everything is seamlessly connected with the GITEX network of tech and startup events in Germany, Morocco, Nigeria, Singapore, Thailand, UAE, and Vietnam. For more information, please visit: www.gitex-europe.com

    MIL OSI – Submitted News –

  • MIL-OSI USA: Rep. Becca Balint Statement on Republican’s Late Night Devastating Budget Cuts

    Source: United States House of Representatives – Congresswoman Becca Balint (VT-AL)

    Rep. Becca Balint Statement on Republican’s Late Night Devastating Budget Cuts

    Washington, May 18, 2025

    Washington, D.C– Tonight, Rep. Becca Balint (VT-AL) released the following statement after the passage of the Republican budget out of the House Budget Committee late this evening: 

    “In an economy already rigged against working people, Republicans are moving forward with sweeping cuts to the programs that millions of families afloat. Americans just want to be able to pay their rent, afford groceries and health care, get their kids a good education and build a better life. But this budget makes that so much further out of reach. 

    “Republicans have had hundreds of opportunities to stand up for Medicaid, food assistance and our public schools. But tonight, they are again deciding to turn their backs on working people to give tax cuts to their billionaire donors and help corporations rake in even more money. And to do that they are ripping away healthcare from nearly 14 million Americans. This means rural communities will have even less access to care, and our kids and veterans won’t get the medication they need. Their rushed budget will inflict pain on Americans in ways we are yet to even understand.” 

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Vice Ranking Member Amo Demands Secretary Rubio Prevent Starving Children from Dying and Protect Rhode Island Jobs

    Source: US Congressman Gabe Amo (Rhode Island 1st District)

    Secretary Marco Rubio confirms Ready-to-Use Therapeutic Food produced by Rhode Island’s Edesia Nutrition is lifesaving aid and Vice Ranking Member Amo presses Secretary to do everything to keep starving children from dying.

    WASHINGTON, DC – Today, House Foreign Affairs Vice Ranking Member Gabe Amo (D-RI), demanded Secretary of State Marco Rubio commit to fund the production, transportation, and distribution of Ready-to-Use Therapeutic Food (RUTF) aid to keep starving children from dying. Until recently, over 123,000 boxes of RUTF purchased for Sudan were sitting in Rhode Island’s Edesia Nutrition warehouse because of State Department inflicted delays. Another 185,000 boxes of RUTFs purchased by the U.S. Government still sit in Edesia warehouses undistributed.

    “Ready-To-Use Therapeutic Food aid produced in Rhode Island has the potential to save hundreds of thousands of lives. Secretary Rubio promised over and over that he would not stop the distribution of lifesaving foreign aid, but today the truth came out,” said Vice Ranking Member Gabe Amo (D-RI). “Right now in Rhode Island, 185,000 boxes of therapeutic food bought and paid for by American taxpayers are sitting in a warehouse. All that’s standing between those boxes and the starving kids who need them is Secretary Rubio’s State Department. This is unacceptable, and I will call on Secretary Rubio every week until he keeps his word and distributes this live saving food aid.”

    Watch Vice Ranking Member Amo’s Questioning Here.

    BACKGROUND

    Edesia Nutrition is a Rhode Island-based nonprofit that produces ready-to-use therapeutic food (RUTF) for worldwide distribution to save the lives of millions of children suffering from severe acute malnutrition. 

    On January 31, 2025 Amo asked Secretary Rubiofor information on the Trump administration’s unilateral foreign aid pause impact on the production and delivery of Rhode Island-made RUTFs. Amo called outSecretary Rubio for missing a deadline to provide clarity on foreign aid distribution on February 7.

    ###

    MIL OSI USA News –

  • MIL-OSI: Prospera Energy Announces Financing & Operations Update and Q1 2025 Financials

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, May 21, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera”, “PEI” or the “Corporation”)

    Financing Update
    Prospera Energy is pleased to announce it has secured commitments for $3 million, with a substantial portion coming from company insiders through the recently announced convertible debenture and existing financing instruments. The funding is specifically earmarked for the recently initiated capital program and will be released in multiple tranches. This financing reflects strong internal alignment and confidence in Prospera’s strategic business plan. The capital injection accelerates the Corporation’s operational plans and positions it for continued production growth momentum throughout the summer. The recently announced convertible debenture offering remains open, presenting a timely opportunity for investors to participate alongside insiders as Prospera advances its execution strategy.

    Operational Update
    Service rig activity has begun at Cuthbert, with capital allocated to five well workovers (including a high impact horizontal well remediation from the 2023 drilling program), multiple water injector cleanouts and continued infrastructure upgrades. At Luseland, a five-well reactivation program is planned with equipment ordered and preparations started to build five single well batteries (“SWB”).

    The polymer flood pilot site has been finalized following reservoir analysis, injection capability & compatibility assessments, and source water confirmation. Lab and core analysis is now in progress with leading polymer partners as Prospera advances toward execution.

    Prospera has completed its Q1 2025 reserves update, which reflect a $5 million increase in PDP reserves, now totaling $33 million —strengthening net asset value and capital-raising capacity.

    Live Webinar to Accompany Q1 2025 Financial Results
    Stakeholders are encouraged to join Prospera Energy for a live investor webinar on May 22nd, 2025, at 10:00 AM MST, where management will review Q1 2025 financial results, key operational milestones, and the Company’s strategic direction: Click here to register.

    Q1 2025 Financials
    In the first quarter of 2025, Prospera deployed $2.3 million of reactivation focused capital towards twenty-seven wells within its core, 100% owned Hearts Hill and Luseland properties. This program resulted in an additional production capability of 249 boe/d at an average capital efficiency of $9,317/boe. The full benefit of the Q1 capital program is expected to be realized in Q2 with all of the wells being online. Additionally, Prospera successfully advanced several strategic initiatives during the quarter, including:

       
    1) Secured Additional Term Debt Funding
    Obtained $3.3 million in additional advances pursuant to the term debt financing agreement executed in July 2024. This strategic funding enhances liquidity and supports the Corporation’s ongoing development and optimization programs.
       
    2) Acquisition of White Tundra Petroleum
    On March 6, 2025, the Corporation entered into an agreement to acquire 100% of the issued and outstanding common shares of White Tundra Petroleum (“WTP”), whose assets are located near Loyalist and Hanna, Alberta.

    This related party transaction—due to the Corporation’s Executive Chairman also serving as WTP’s CEO and a shareholder—includes consideration of 18,000,000 Prospera common shares, contingent upon WTP achieving 85 boe/d for three consecutive days, and the assumption of $645,000 in debt. An additional 7,312,500 performance-based shares may be issued if production reaches 128 boe/d for seven consecutive days within six months of closing. The transaction, subject to TSXV approval, is expected to close on June 1, 2025.
       
    3)  Convertible Debt Settlement
    On March 6, 2025, the Corporation reached a settlement agreement with the holders of $1,500,000 in convertible debt maturing on March 26, 2025. The agreement includes:
     
    1. Refinancing the principal into a 12-month, $1,500,000 promissory note bearing 12% interest, with $250,000 monthly repayments beginning six months post-issuance. Interest will be paid as a balloon payment at the end of the term.
    2. $200,000 of the total $559,375 accrued interest payable on the convertible debentures will be settled through the issuance of a 12-month convertible note bearing 12% interest, convertible into common shares of the Corporation at $0.05 per share. The Corporation retains the right to settle the convertible note in cash by providing thirty days notice, during which time the holder retains the right to convert.
    3. the remaining $359,375 of accrued interest payable will be settled through the issuance of 8,984,371 common shares of the Corporation at a deemed price of $0.04 per share, subject to TSXV acceptance.
    4) Corporate Workforce Optimization
    Prospera completed a workforce optimization initiative that streamlined corporate decision-making and improved operational efficiency. This resulted in reductions in staffing, office, software, parking, and other G&A-related costs.
       

    Operational highlights for Q1 2025 are as follows:

    • PEI realized average net sales of 660 boe/d in Q1 2025, an increase of 3% from Q1 2024 net sales of 640 boe/d; an increase of 6% from Q4 2024 net sales of 625 boe/d .
    • Sales revenue was $4,598,472 ($77.33/boe) in Q1 2025 compared to $3,932,190 ($67.44/boe) in Q1 2024, representing a 17% increase.
    • Operating costs per boe increased 54% in Q1 2025 at $59.46 per boe compared $38.69 per boe in Q1 2024. Costs were higher due to multiple unplanned electricity outages, one-time infrastructure and road upgrades, bringing field equipment to baseline operating conditions followed by enhanced maintenance programs, health and safety upgrades, and additional costs associated with extreme cold weather experienced during the quarter.
    • PEI earned an operating netback of $627,266 ($10.55/boe) in Q1 2025 compared to $1,608,373 ($27.56/boe) in Q1 2024; $153,901 ($2.68/boe) in Q4 2024.

    About Prospera
    Prospera Energy Inc. is a publicly traded Canadian energy company specializing in the exploration, development, and production of crude oil and natural gas. Headquartered in Calgary, Alberta, Prospera is dedicated to optimizing recovery from legacy fields using environmentally safe and efficient reservoir development methods and production practices. The company’s core properties are strategically located in Saskatchewan and Alberta, including Cuthbert, Luseland, Hearts Hill, and Brooks. Prospera Energy Inc. is listed on the TSX Venture Exchange under the symbol PEI and the U.S. OTC Market under GXRFF.

    Prospera reports gross production at the first point of sale, excluding gas used in operations and volumes from partners in arrears, even if cash proceeds are received. Gross production represents Prospera’s working interest before royalties, while net production reflects its working interest after royalty deductions. These definitions align with ASC 51-324 to ensure consistency and transparency in reporting.
    It is important to note that BOEs (barrels of oil equivalent) may be misleading, particularly if used in isolation. The BOE conversion ratio of 6 Mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

    For Further Information:

    Shawn Mehler, PR
    Email: investors@prosperaenergy.com

    Chris Ludtke, CFO
    Email: cludtke@prosperaenergy.com

    Shubham Garg, Chairman of the Board
    Email: sgarg@prosperaenergy.com

    FORWARD-LOOKING STATEMENTS
    This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will,” “may,” “should,” “anticipate,” “expects” and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, 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.

    Although Prospera believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prospera can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

    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 Prospera. As a result, Prospera cannot guarantee that any forward-looking statement will materialize, and 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 Prospera does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

    Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network –

  • MIL-OSI Video: Secretary Rubio testifies before the House Appropriations Committee’s Subcommittee

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

    Secretary of State Marco A. Rubio testifies before the House Appropriations Committee’s Subcommittee on State, Foreign Operations, and Related Programs on the FY26 Department of State Budget Request on Capitol Hill, on May 21, 2025.

    Transcript: https://www.state.gov/releases/office-of-the-spokesperson/2025/05/secretary-of-state-marco-rubio-before-the-house-committee-on-appropriations-subcommittee-on-state-foreign-operations-and-related-programs-on-the-fy26-department-of-state-budget-request/
    ———-
    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!
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    Watch on-demand State Department videos: https://video.state.gov/
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    #StateDepartment #DepartmentofState #Diplomacy

    https://www.youtube.com/watch?v=VWDlO6EnyC0

    MIL OSI Video –

  • MIL-OSI USA: Cramer, King Introduce Resolution Reaffirming U.S.-Canada Partnership

    US Senate News:

    Source: United States Senator Kevin Cramer (R-ND)
    WASHINGTON, D.C. – The United States and Canada share three oceans and the world’s longest border. About 400,000 people and more than $2.5 billion worth of goods and services move across the U.S.-Canada border each day. The relationship between the two countries fosters one of the most significant bilateral trading relationships in the world.
    U.S. Senators Kevin Cramer (R-ND) and Angus King (I-ME), co-chairs of the bipartisan, bicameral American Canadian Economy and Security (ACES) Caucus, introduced a resolution today to recognize the U.S.-Canada partnership and its shared interests in economic, energy and critical minerals, and national security.
    In 2023, North Dakota’s largest market was Canada. The state exported $5.9 billion in goods to Canada in 2023, representing 79% of North Dakota’s total goods exports. Top North Dakota goods exported to Canada include crude petroleum, cereals, natural gas, agricultural machinery, and more.  
    “Representing a Northern border state, I recognize the importance of the unique partnership between the United States and Canada,” said Cramer. “Not only are our neighbors to the north crucial economic and national security partners, but they are literally our closest ally. This resolution celebrates our closeness and is a testament to the enduring strength, friendship, and importance of the U.S.-Canada alliance across the country and the globe.”
    “The United States and Canada have always been closely tied; we share our economies, cultures, military interests and more. In fact, in Maine, even our next door neighbor lives right across the border,” said King. “I continue to be proud of the work we have achieved under the American-Canadian Economy and Security (ACES) Caucus alongside my Senate Co-Chair Kevin Cramer, but know that the current situation presents many unfortunate challenges. While I am excited to reintroduce this resolution to reaffirm our two nations’ commitment to one another, we must acknowledge the close ties between our countries to resolve and mitigate any potential disruptions to our intertwined interests. As close trade partners and allies, I look forward to strengthening this close alliance to tackle these shared challenges and seize new opportunities.”  
    Among other provisions, the resolution recognizes the relationship between the United States and Canada is critical to promoting peace, expanding global economic opportunity, and being prepared to respond to unforeseen events. It also reaffirms the bilateral and international alliance between the two countries, which allows both countries to face common threats together and uphold common values, including democracy, human rights, and the rule of law. 
    Additionally, the resolution emphasizes the shared defense and security commitments between the two nations, including the modernization of the North American Aerospace Defense Command (NORAD), joint border security initiatives, and cooperation in combating transnational threats such as illegal migration and fentanyl trafficking.
    The resolution is supported by U.S. Senators Marsha Blackburn (R-TN), Susan Collins (R-ME), Mike Crapo (R-ID), Maggie Hassan (D-NH), Amy Klobuchar (D-MN), Lisa Murkowski (R-AK), Mike Rounds (R-SD), and Peter Welch (D-VT). A similar resolution was introduced in the House by U.S. Representative Mark Amodei (R-NV-02).
    Click here for bill text.

    MIL OSI USA News –

  • MIL-OSI USA: Cramer, Markey Introduce Legislation to Support Students Walking or Biking to School

    US Senate News:

    Source: United States Senator Kevin Cramer (R-ND)
    WASHINGTON, D.C. – The Safe Routes to School (SRTS) Program, established nearly two decades ago, was created to make it safer and easier for students who walk or bike to school. In addition to providing safety education to children and caregivers, it also funds infrastructure improvements including sidewalks, crosswalks, and bike lanes. All 50 states and Washington, D.C., have SRTS programs which serve millions of students across the nation.
    U.S. Senators Kevin Cramer (R-ND) and Ed Markey (D-MA) introduced the Safe Routes Improvement Act to enhance program accessibility for communities in North Dakota and nationwide. Specifically, the bill requires state departments of transportation (DOT) to designate an SRTS program coordinator, which will serve as a point of contact for local governments, school districts, and others looking to navigate the SRTS Program and receive funds for projects in their communities.
    This builds on Cramer’s bipartisan efforts to expand program eligibility from elementary and middle school students to also include high school students, a policy change he secured in the 2021 Bipartisan Infrastructure Law (BIL). Under the BIL, a dozen projects across North Dakota received over $3 million in SRTS funding. Communities including Minot, Bismarck, Horace, Milnor, Linton, Carson, Fargo, Bowman, and Belfield have used these funds for various pedestrian improvements such as installing speed limit signs, constructing sidewalks and shared use paths, and building ADA-compliant ramps.
    “As someone who walks to work every morning when I’m in Washington, I know how essential safe routes are for the kids who walk or bike to school,” said Cramer. “Over the last 20 years, the Safe Routes to School program has been instrumental in helping support infrastructure improvements to keep our kids safe. This legislation is a smart solution to make it easier for school districts and rural communities to access Safe Routes funding.”
    “Every child deserves a safe journey to and from school, whether they’re walking, biking, or riding the bus,” said Markey. “By ensuring every state has a Safe Routes to School coordinator, we’re helping communities design safer streets and healthier futures. I’m proud to partner with Senator Cramer to introduce this legislation and put children’s safety first.”
    “Senator Cramer’s leadership on this legislation shows he’s really looking out for North Dakota—and for communities across the country. Requiring every state to have a Safe Routes to School Coordinator isn’t just helpful, it’s essential,” said Blue Weber, Community Outreach Liaison at Bolton & Menk, and former CEO of the Downtown Development Association in Grand Forks. “These coordinators are key to making sure the projects we work on actually reflect what communities need and have the support to move forward. At Bolton & Menk, we believe great design starts with listening and this bill will support community voices to be heard.”
    “Every child should be able to bike, walk, or roll to school safely,” said Bill Nesper, Executive Director of the League of American Bicyclists. “We applaud this legislation from Senators Cramer and Markey which would direct state departments of transportation to designate a Safe Routes to School Coordinator. By helping school districts and local governments navigate the grants process, share best practices, and track successes, Safe Routes to School Coordinators are a crucial resource in our shared goal to improve traffic safety for kids.”
    “As the national leader of the Safe Routes to School movement, Safe Routes Partnership applauds Senator Cramer for his continued leadership in strengthening a program that helps students get to and from school safely and reliably,” said Marisa Jones, Managing Director of the Safe Routes Partnership. “Safe Routes to School is an evidence-based, cost-effective, bipartisan initiative that supports rural, suburban, and urban communities in meeting the daily transportation needs of families. By ensuring every state has a dedicated Safe Routes to School coordinator, this legislation will expand the program’s reach and ensure more communities can benefit from safer, more connected school travel options.”  
    “Safe Kids Grand Forks has done a considerable amount of pedestrian and bike safety work with the Safe Routes to School Program,” said Carma Hanson, Coordinator of Safe Kids Grand Forks at Altru Health System. “We have done this in an effort to assure that all kids get to and from school safely. Our work in both North Dakota and Minnesota demonstrates the importance of partnerships that are led by a collaborative and engaging entity, assuring cost effective and credible programming and interventions. We are thrilled that Senator Cramer is helping lead the charge on the national level for this type of collaboration and partnership as we strive to assure students get to and from school safely.”
    Click here for bill text.

    MIL OSI USA News –

  • MIL-OSI USA: Capito, Colleagues Introduce Bill to Enhance Reentry Programs, Promote Public Safety

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito
    WASHINGTON, D.C. – Today, U.S. Senators Shelley Moore Capito (R-W.Va.) and Cory Booker (D-N.J.), along with Representatives Carol Miller (R-W.Va.-1) and Danny K. Davis (D-Ill.-7) introduced the Second Chance Reauthorization Act of 2025.
    The legislation would reauthorize critical reentry grant programs from the Second Chance Act of 2008, which was most recently reauthorized during the first Trump administration as part of the First Step Act in 2018, including services and supports for housing, career training, and treatment for substance use disorders and/or mental illness. The legislation would also reauthorize critical programs to reduce recidivism, invest in communities, and promote public safety. 
    “Over 95% of incarcerated people will be released at some point,” Senator Capito said. “The Second Chance Reauthorization Act will help people reentering society get the resources they need to become productive and successful members of their communities. Whether it’s helping them find a job, providing therapy and rehabilitation services for those struggling with addiction, providing faith-based programming to help people turn over a new leaf, or many other services, this legislation will help provide resources to a wide range of programs across the country that have been proven to reduce recidivism rates.”
    “Since 2008, the Second Chance Act has supported programs across the country that provide opportunities to those rebuilding their lives after incarceration. This is why this there has always been bipartisan support for funding for second chance programs – we have seen that these programs work in communities everywhere. In fact, they have helped reduce the three-year rate of recidivism in our country by almost a quarter since its passage,” Senator Booker said. “This bipartisan legislation provides the necessary tools and reentry services that formerly incarcerated individuals need to be successful when they leave prison. Empowering these individuals is not just the right thing to do, it makes our communities safer for us all. And Congress should ensure that every community, red or blue, rural or urban, is able to access these critical grant funds.”
    “Since the Second Chance Act passed in 2008, formerly incarcerated West Virginians reentering our communities have received the vital services and support they needed to return home successfully,” Congresswoman Miller said. “We have seen the benefits of the Second Chance Act in West Virginia and across the country. When we put in place strong reentry programming, we are creating safer communities where individuals feel supported and empowered to break the cycle of recidivism.”
    “Second Chance reentry programs and services have reached hundreds of thousands of individuals and families across the country, creating healthier families and safer communities,” Congressman Davis said. “Continuing to invest in these evidenced-based interventions is a commonsense approach to strengthen individuals, re-build families, and grow our economy.”
    The Second Chance Reauthorization Act of 2025 would: 
    Reauthorize key grant programs that provide vital services, supports, and resources for people reentering their communities after incarceration;
    Expand allowable uses for supportive and transitional housing services for individuals reentering the community from prison and jail; and
    Enhance addiction treatment services for individuals with substance use disorders, including peer recovery services, case management, and overdose prevention.
    Since its passage 16 years ago, Second Chance has supported states, local governments, tribal governments, and nonprofit organizations in their efforts to reduce recidivism. To date, Second Chance grants have reached more than 442,000 justice-involved individuals who participated in reentry services or parole and probation programs. West Virginia has received more than $5 million in funding through Second Chance grants.
    From 2009 to 2024, the U.S. Department of Justice awarded over 1,300 Second Chance Act grants to states, local, and tribal governments, as well as reentry-focused community organizations. Second Chance grants have been administered to 871 agencies across 49 U.S. states, territories, and the District of Columbia.
    The Second Chance Reauthorization Act of 2024 is endorsed by the following organizations: American Correctional Association, American Jail Association, American Parole and Probation Association, Catholic Charities USA, Correctional Leaders Association, Council of State Governments Justice Center, CPAC, Major County Sheriffs of America, National Alliance on Mental Illness, National Association of Counties, National Association of State Alcohol and Drug Abuse Directors, National Association of State Mental Health Program Directors, National District Attorneys Association, National League of Cities, Prison Fellowship, Treatment Alternatives for Safe Communities, and U.S. Chamber of Commerce.
    To read the full text of the bill, click here. 

    MIL OSI USA News –

  • MIL-OSI USA: Chairman Capito Opening Statement at Hearing on EPA’s Proposed FY26 Budget with Administrator Zeldin

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito
     
    [embedded content]
    To watch Chairman Capito’s opening statement, click here or the image above.
    WASHINGTON, D.C. – Today, U.S. Senator Shelley Moore Capito (R-W.Va.), Chairman of the Senate Environment and Public Works (EPW) Committee, led a hearing on the U.S. Environmental Protection Agency’s (EPA) proposed budget for Fiscal Year 2026 with EPA Administrator Lee Zeldin.
    In her opening remarks, Chairman Capito applauded Administrator Zeldin for his leadership in returning EPA to its core mission, reversing the federal overreach of the previous administration, and focusing the agency on issues important to West Virginia and the country. Additionally, Chairman Capito highlighted ways EPA’s proposed budget benefits hardworking Americans and areas it can be improved. 
    Below is the opening statement of Chairman Shelley Moore Capito (R-W.Va.) as delivered.
    “Welcome to Administrator Zeldin, it is good to see you again. I understand you’ve had several hearings over the past few days, so I know you’ve been busy. I believe you are doing an excellent job in implementing your vision to return the EPA to its core mission of protecting our country’s air, our land, and water, while eliminating wasteful spending.
    “To start, I applaud your aggressive efforts to undo the previous administration’s regulatory overreach. Your leadership will put us on the path to energy dominance with sound environmental procedures.
    “Your efforts, like rescinding the Biden Clean Power Plan 2.0 rule…that was part of a comprehensive strategy intended to shut down all fossil-fuel electric generation, will unleash our economy and help onshore American jobs.
    “President Trump and his team are also putting West Virginia first, by announcing an agency-wide PFAS strategy and providing West Virginia with the authority to permit wells to sequester carbon dioxide. I appreciate the structural changes that you, Administrator Zeldin, are bringing to the EPA.
    “Several weeks ago, the EPA announced that it would move more than 130 experts to assist with reviews of new chemicals and pesticides. In 2016, the Congress told the EPA to accelerate the new chemical approval process, but the Agency has done little to comply with that direction. Reviews currently take months, if not years, stifling innovation and leaving companies reliant on outdated chemicals.
    “Addressing the pace of this process is crucial to maintaining our competitiveness in a global market, expanding our key industries, and onshoring critical supply chains. I appreciate that you, Administrator Zeldin, are taking into account my previous calls to provide more resources to address this issue.
    “This leads us to why we are here today, the EPA’s budget. I first want to thank the Administrator for acting on his pledge to prioritize being a good steward of tax-payer dollars.
    “EPA has restored accountability to grant programs enacted through the partisan Inflation Reduction Act. For example, in February, the EPA canceled a $50 million grant made to the Climate Justice Alliance under the IRA’s environmental justice grant program.
    “The Climate Justice Alliance is a non-profit organization that I investigated and found explicitly engaged in pro-Hamas, anti-Israel, anti-Semitic, anti-police, and anti-military activities. Some of these activities occurred while they were under consideration for an EPA grant awarded by the last administration.
    “The EPA has taken immediate action to investigate and reclaim the $20 billion dollars awarded under the so-called ‘Green Bank’ program in the IRA. This money was rushed out the door before the end of the last administration under unprecedented, and I would say, suspicious terms.
    “The EPA’s proposed Fiscal Year 2026 budget shows deep reductions for the agency. Some of these cuts reflect the best interests of hardworking Americans.
    “For example, the budget proposes to cut $100 million from environmental justice programs that were added under the Biden Administration and have unnecessarily imposed requirements that are burdensome for small, regulated entities or grant awardees. This is a welcome start and it will reduce regulatory compliance burdens and allow tax dollars to beneficially impact more entities.
    “However, there are bipartisan programs that would be impacted if the proposed budget is enacted, programs that have done much to help continuously clean up the air, water, and lands, as well as provide safe drinking water.
    “For example, the proposed budget would reduce funding for the Brownfields program and includes an 89% cut to the Clean Water and Drinking Water State Revolving Funds.
    “I and many of my colleagues have long been vocal about the importance of federal assistance for water infrastructure through the State Revolving Funds. In 2021, Congress made the largest bipartisan investment in the State Revolving Funds and water infrastructure in our nation’s history, delivering more than $50 billion for drinking water, wastewater, and stormwater programs.
    “State revolving funds have helped many West Virginians, and many around the country, get connected with the water access and resources that they need. I hope that we can work together through the Appropriations process, as well as through the committee’s reauthorizations efforts, to make sure that adequate resources remain available to support our water systems.
    “I look forward to building to that future with you, Mr. Administrator, over the next several years.”

    MIL OSI USA News –

  • MIL-OSI New Zealand: Crash causing delays: SH1, Mata

    Source: New Zealand Police

    Northland Police are responding to another crash on State Highway 1, south of Whangārei.

    The crash has occurred at about 9.15am on northbound lanes near Mata.

    It involves a vehicle carrying a horse float, but there are no reports of serious injuries.

    One lane is blocked, and traffic is being diverted around the blockage. 

    Northbound traffic is still being impacted by an earlier crash on State Highway 1 near Oakleigh.

    Southbound traffic is flowing, but Police are advising all motorists to take care on the roads and allow additional time to reach your destination this morning.

    ENDS

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News –

  • MIL-OSI USA: Attorney General Bonta Charges Two Bay Area Caregivers with Elder Abuse and Fraud

    Source: US State of California Department of Justice

    Wednesday, May 21, 2025

    Contact: (916) 210-6000, agpressoffice@doj.ca.gov

    SAN JOSE – California Attorney General Rob Bonta today announced the filing of felony charges against two caregivers for fraud and elder abuse. The California Department of Justice received a complaint referral from the California Department of Social Services alleging abuse and neglect of residents at an unlicensed care home located in San Jose. It was alleged that the residents were living in biohazardous conditions and were left with untreated medical issues, all the while the defendants were receiving in-home support service payments from Medi-Cal.

    “Those who care for our elders have a profound responsibility to treat those in their care with the highest level of compassion and dignity,” said Attorney General Bonta. “They support individuals during some of the most challenging moments in their lives. At the California Department of Justice, we are committed to fighting against all types of elder abuse and neglect. We will take prompt action to ensure that anyone who exploits or harms these vulnerable members of our community is held accountable.”

    A felony complaint has been filed in Santa Clara County Superior Court, charging the defendants with two felony counts of elder abuse, one felony count of dependent adult abuse, and one felony count of filing a false claim.

    The California Department of Justice’s Division of Medi-Cal Fraud and Elder Abuse (DMFEA) works to protect Californians by investigating and prosecuting those responsible for abuse, neglect, and fraud committed against elderly and dependent adults in the state, and those who perpetrate fraud on the Medi-Cal program.

    The Division of Medi-Cal Fraud and Elder Abuse receives 75 percent of its funding from the U.S. Department of Health and Human Services under a grant award totaling $69,244,976 for Federal fiscal year (FY) 2025. The remaining 25 percent is funded by the State of California. FY 2025 is from October 1, 2024, through September 30, 2025.
    A copy of the complaint can be found here.  

    It is important to note that criminal charges must be proven in a court of law. Every defendant is presumed innocent until proven guilty.

    # # #

    MIL OSI USA News –

  • MIL-OSI Global: FDA limits access to COVID-19 vaccine to older adults and other high-risk groups – a public health expert explains the new rules

    Source: The Conversation – USA – By Libby Richards, Professor of Nursing, Purdue University

    Older adults will continue to receive yearly COVID-19 shots, but lower-risk groups will not, says the FDA. dusanpetkovic via iStock / Getty Images Plus

    On May 20, 2025, the Food and Drug Administration announced a new stance on who should receive the COVID-19 vaccine.

    The agency said it would approve new versions of the vaccine only for adults 65 years of age and older as well as for people with one or more risk factors for severe COVID-19 outcomes. These risk factors include medical conditions such as asthma, cancer, chronic kidney disease, heart disease and diabetes.

    However, healthy younger adults and children who fall outside of these groups may not be eligible to receive the COVID-19 shot this fall. Vaccine manufacturers will have to conduct clinical trials to demonstrate that the vaccine benefits low-risk groups.

    FDA Commissioner Martin Makary and the agency’s head of vaccines, Vinay Prasad, described the new framework in an article published in the New England Journal of Medicine and in a public webcast.

    The Conversation U.S. asked Libby Richards, a nursing professor involved in public health promotion, to explain why the changes were made and what they mean for the general public.

    Why did the FDA diverge from past practice?

    Until the May 20 announcement, getting a yearly COVID-19 vaccine was recommended for everyone ages 6 months and older, regardless of their health risk.

    According to Makary and Prasad, the Food and Drug Administration is moving away from these universal recommendations and instead taking a risk-based approach based on its interpretation of public health trends – specifically, the declining COVID-19 booster uptake, a lack of strong evidence that repeated boosters improve health outcomes for healthy people and the fact that natural immunity from past COVID-19 infections is widespread.

    The FDA states it wants to ensure the vaccine is backed by solid clinical trial data, especially for low-risk groups.

    Was this a controversial decision or a clear consensus?

    The FDA’s decision to adopt a risk-based framework for the COVID-19 vaccine aligns with the expected recommendations from the Advisory Committee on Immunization Practices, an advisory group of vaccine experts offering expert guidance to the Centers for Disease Control and Prevention on vaccine policy, which is scheduled to meet in June 2025. But while this advisory committee was also expected to recommend allowing low-risk people to get annual COVID-19 vaccines if they want to, the FDA’s policy will likely make that difficult.

    Although the FDA states that its new policy aims to promote greater transparency and evidenced-based decision-making, the change is controversial – in part because it circumvents the usual process for evaluating vaccine recommendations. The FDA is enacting this policy change by limiting its approval of the vaccine to high-risk groups, and it is doing so without any new data supporting its decision. Usually, however, the FDA broadly approves a vaccine based on whether it is safe and effective, and decisions on who should be eligible to receive it are left to the CDC, which receives research-based guidance from the Advisory Committee on Immunization Practices.

    Change is coming to COVID-19 vaccine policy.
    Rock Obst, CC BY-SA

    Additionally, FDA officials point to Canada, Australia and some European countries that limit vaccine recommendations to older adults and other high-risk people as a model for its revised framework. But vaccine strategies vary widely, and this more conservative approach has not necessarily proven superior. Also, those countries have universal health care systems and have a track record of more equitable access to COVID-19 care and better COVID-19 outcomes.

    Another question is how health officials’ positions on COVID-19 vaccines affect public perception. Makary and Prasad noted that COVID-19 vaccination campaigns may have actually eroded public trust in vaccination. But some vaccine experts have expressed concerns that limiting COVID-19 vaccine access might further fuel vaccine hesitancy because any barrier to vaccine access can reduce uptake and hinder efforts to achieve widespread immunity.

    What conditions count as risk factors?

    The New England Journal of Medicine article includes a lengthy list of conditions that increase the risk of severe COVID-19 and notes that about 100 million to 200 million people will fall into this category and will thus be eligible to get the vaccine.

    Pregnancy is included. Some items on the list, however, are unclear. For example, the list includes asthma, but the data that asthma is a risk factor for severe COVID-19 is scant.

    Also on the list is physical inactivity, which likely applies to a vast swath of Americans and is difficult to define. Studies have found links between regular physical activity and reduced risk of severe COVID-19 infection, but it’s unclear how health care providers will define and measure physical inactivity when assessing a patient’s eligibility for COVID-19 vaccines.

    Most importantly, the list leaves out an important group – caregivers and household members of people at high risk of severe illness from COVID-19 infection. This omission leaves high-risk people more vulnerable to exposure to COVID-19 from healthy people they regularly interact with. Multiple countries the new framework refers to do include this group.

    Why is the FDA requiring new clinical trials?

    According to the FDA, the benefits of multiple doses of COVID-19 vaccines for healthy adults are currently unproven. It’s true that studies beyond the fourth vaccine dose are scarce. However, multiple studies have demonstrated that the vaccine is effective at preventing the risk of severe COVID-19 infection, hospitalization and death in low-risk adults and children. Receiving multiple doses of COVID-19 vaccines has also been shown to reduce the risk of long COVID.

    The FDA is moving to risk-based access for COVID-19 vaccines.

    The FDA is requiring vaccine manufactures to conduct additional large randomized clinical trials to further evaluate the safety and effectiveness of COVID-19 boosters for healthy adults and children. These trials will primarily test whether the vaccines prevent symptomatic infections, and secondarily whether they prevent hospitalization and death. Such trials are more complex, costly and time-consuming than the more common approach of testing for immunological response.

    This requirement will likely delay both the timeliness and the availability of COVID-19 vaccine boosters and slow public health decision-making.

    Will low-risk people be able to get a COVID-19 shot?

    Not automatically. Under the new FDA framework, healthy adults who wish to receive the fall COVID-19 vaccine will face obstacles. Health care providers can administer vaccines “off-label”, but insurance coverage is widely based on FDA recommendations. The new, narrower FDA approval will likely reduce both access to COVID-19 vaccines for the general public and insurance coverage for COVID-19 vaccines.

    The FDA’s focus on individual risks and benefits may overlook broader public health benefits. Communities with higher vaccination rates have fewer opportunities to spread the virus.

    What about vaccines for children?

    High-risk children age 6 months and older who have conditions that increase the risk of severe COVID-19 are still eligible for the vaccine under the new framework. As of now, healthy children age 6 months and older without underlying medical conditions will not have routine access to COVID-19 vaccines until further clinical trial data is available.

    Existing vaccines already on the market will remain available, but it is unclear how long they will stay authorized and how the change will affect childhood vaccination overall.

    Libby Richards has received funding from the National Institutes of Health, the American Nurses Foundation, and the Indiana Clinical and Translational Sciences Institute

    – ref. FDA limits access to COVID-19 vaccine to older adults and other high-risk groups – a public health expert explains the new rules – https://theconversation.com/fda-limits-access-to-covid-19-vaccine-to-older-adults-and-other-high-risk-groups-a-public-health-expert-explains-the-new-rules-257226

    MIL OSI – Global Reports –

  • MIL-OSI USA: May 21st, 2025 Heinrich, Murray, Klobuchar, Merkley Slam USDA for Evasive Response on Wildfire Mitigation Projects, Workforce Cuts, and Funding Freezes

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich

    WASHINGTON – U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Senate Energy and Natural Resources Committee, along with U.S. Senator Patty Murray (D-Wash.), Ranking Member of the Senate Appropriations Committee; Amy Klobuchar (D-Minn.), Ranking Member of the Senate Committee on Agriculture, Nutrition, and Forestry; and U.S. Senator Jeff Merkley (D-Ore.), Ranking Member of the Senate Interior-Environment Appropriations Subcommittee, is once again pressing the U.S. Department of Agriculture (USDA) for answers after receiving a deeply inadequate response to a February oversight letter regarding the Department’s unlawful halt of federal funds needed to mitigate and fight wildfires.

    In a follow-up letter sent to USDA Deputy Under Secretary Kristin Sleeper, the lawmakers criticized the USDA’s April response for failing to answer the majority of their questions and  demanded a comprehensive and transparent accounting of the agency’s actions under the Trump Administration.

    “We write to address your recent response to the letter we sent on February 11, 2025, regarding the disbursement of funds for forest management and restoration projects and the universal hiring freeze under the Department of Agriculture. Our letter outlined ten specific questions, of which only two were addressed in your April 10 response,” the senators wrote.

    “Your incomplete response left significant questions unanswered concerning which projects, grants, agreements, and staff have been affected by the Trump Administration’s recent actions. Although the Forest Service has lost approximately 5,000 employees through resignation and early retirement since February, we understand that additional reduction-in-force actions are still planned. Questions remain about the Department’s plan to carry out Congressional directives and, most importantly, protect American communities in danger as they face a daunting fire season,” the senators continued.

    “Despite our clear and detailed inquiry, the Forest Service has only answered two of our ten questions,” the senators wrote. “This lack of transparency is unacceptable in the face of ongoing threats to public safety, wildfire resilience, and rural economies across the country.”

    The senators requested a response to the questions they originally sent to the USDA, which went unanswered by the Department in their correspondence:

    1. Please provide a full list of Forest Service programs for which disbursements were or currently are paused, including any paused under Executive Order 14154 or the now rescinded memorandum from the Office of Management and Budget.
    1. Please provide a full list of individual projects, including the location and total award amount, for which funds were obligated but disbursements are now paused. Please include projects carried out by Departmental personnel as well as those carried out through grants, contracts, or agreements. If obligated funds have been paused, what is the legal basis for pausing the disbursement of already obligated funds?
    1. Did the agency inform non-federal partners affected by the pause before halting their payments? Has the agency communicated with those same partners concerning the status of the affected projects since the pause was initiated? If so, please provide examples of any communications notifying applicants or current participants of the affected programs.
    1. 4. What is the status of agency personnel that were hired under funds appropriated by the Infrastructure Investment and Jobs Act (IIJA) and Inflation Reduction Act (IRA)? Are those personnel still being paid their salaries? How many of these personnel, if any, have been terminated, furloughed, put on administrative leave, or otherwise notified of future administrative leave?
    1. How many Forest Service employees have been terminated, furloughed, put on administrative leave, or otherwise notified of future administrative leave since January 20, 2025? Please provide the job titles and duty stations for each category described above.
    1. How many Forest Service employees accepted the deferred resignation offer being offered to federal employees by the Office of Personnel Management? Please provide data broken down by position, grade, and duty station.
    1. Does the Department plan to reimburse contractors whose payments are paused but are continuing to act under the terms of their contract with the Department? What is the status of Departmental reviews of these paused projects?
    1. Please provide the minimum amount of time the pause on funding could last.

    The senators requested additional answers to the following new questions:

    1. The spending plan provided by the Forest Service for Fiscal Year 2025 contains no information on agency activity beyond what Congress provided to each mission area. Please provide a thorough spending plan that details the expected changes to each program area for this fiscal year, at least at the level of detail provided in the Fiscal Year 2025 Budget Justification’s “Detail Tables.”
    1. Please provide the years-to-date number of acres treated nationwide for hazardous fuels using funds provided through annual appropriations, IIJA, or IRA compared with the 10-year average.
    1. Pursuant to existing law, a reduction-in-force plan must avoid undue interruption to the agency’s work. What is the Forest Service’s statutory authority for pursuing a reduction-in-force despite the loss of more than 15 percent of its total employees that has already resulted a significant decrease in the agency’s work?
    1. The President’s Fiscal Year 2026 budget recommends moving Wildland Fire Management programs out of the Forest Service. Has the Administration conducted an analysis of how this proposal would impact the Forest Service’s management of National Forest System (NFS) lands, particularly the Forest Service’s efforts to reduce wildfire risk on NFS lands? For this proposal, did the Administration consult States, Tribes, private sector, and the Forest Service employees’ union?
    1. If the President’s Fiscal Year 2026 budget, which proposes to cut NFS management funding, were enacted, how many Forest Service recreation sites, ranger stations, facilities, or services would be closed or limited in availability? Has the Forest Service analyzed how the current and additional proposed workforce reductions will impact its ability to maintain safe, sanitary recreation sites?
    1. How many Forest Service employees who have left the Forest Service since January 20, 2025 were certified to respond to wildfires? How many Forest Service employees being considered in workforce reduction plans are certified to respond to wildfires?

    The senators concluded their letter by underscoring how USDA is required by law to carry out its work as Congress intended, “The Forest Service provides a critical support function for communities across the country, from supporting the nation’s wood products sector to mitigating the threat of catastrophic wildfire. Continuing to carry out this work as Congress prescribed is not only required under the law but essential for our nation’s security.”

    Full text of the letter is available here.

    MIL OSI USA News –

  • MIL-OSI USA: Welch and Baldwin Conclude Two-Day Forum on Harm Caused by Trump and Musk’s HHS Cuts Wednesday’s forum featured former agency officials from NIH, CDC, SAMHSA, AHRQ, and ACL 

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. — U.S. Senators Peter Welch (D-Vt.) and Tammy Baldwin (D-Wis.) today concluded their two-day spotlight forum, entitled  “Trump’s Destruction of HHS: Mass Firings, Reorganization, and the Human Harm Caused.”  The forum examined the human harm caused by the Trump Administration’s sweeping reorganization and mass terminations at the Department of Health and Human Services (HHS).  
    Senators Welch and Baldwin were joined by Majority Whip Dick Durbin (D-Ill.) and Angela Alsobrooks (D-Md.). 
    “The Trump Administration’s dismantling of critical programs and agencies at HHS is hurting Americans of every age—in every zip code. From Meals on Wheels, to mental and physical care, to lifesaving research, President Trump and Secretary Kennedy are destroying the systems that deliver quality health, wellbeing and prevention to millions of patients,” said Senator Welch. “I am so thankful for the opportunity to hear directly from America’s leading health experts, who gave detailed—and frankly disheartening—accounts of what’s at risk and what’s already been lost. Senator Baldwin and I are committed to standing up for our health workers and standing against this administration’s reckless attacks on health care.” 
    “President Trump and RFK, Jr.’s reckless cuts are putting cures for diseases like cancer and Alzheimer’s that plague our families further out of reach. Their reckless cuts are putting mental health support further out of reach. Their reckless cuts are putting affordable caregiving further out of reach. This list goes on and on, and the impacts on the health and well-being of our constituents only get worse. I was proud to team up with Senator Welch to shine a light on this administration’s work to put Wisconsin families in harm’s way and make health care more expensive,” said Senator Baldwin. 
    Wednesday’s forum featured Dr. Anne Schuchat, the former Principal Deputy Director, Center for Disease Control and Prevention (CDC); Ms. Trina Dutta, the former Chief of Staff, Substance Abuse and Mental Health Services Administration (SAMHSA); Dr. Sean Bruna, the former Senior Advisor, Agency for Healthcare Research and Quality (AHRQ); Professor Alison Barkoff, the former Administrator for Administration for Community Living (ACL); and Dr. Jeremy Berg – former Director of the National Institute of General Medical Sciences at NIH.  
    The former heads of HHS agencies shared about how layoffs and forced retirements are threatening evidence-based care and care outcomes, medical research, mental health research for Americans of all age, support for seniors, nutrition assistance through Meals on Wheels, and more. 
    Watch the livestream here:   
    Tuesday’s forum featured testimony from Dr. Robert Califf, the former Commissioner of the Food and Drug Administration (FDA); Dr. Meg Sullivan, the former Acting Secretary for Administration for Children and Families (ACF); Ms. Chiquita Brooks La-Sure, the former Administrator of the Centers for Medicare and Medicaid Services (CMS); and Ms. Carole Johnson, the former Administrator of the Health Resources and Services Administration (HRSA).  

    MIL OSI USA News –

  • MIL-OSI USA: Oregon Department of Veterans’ Affairs to Host 2025 Veteran Benefit Expo and 80th Anniversary Celebration in Salem

    Source: US State of Oregon

    he Oregon Department of Veterans’ Affairs (ODVA) is proud to announce the return of its annual Veteran Benefit Expo, the state’s largest veteran resource event, on June 16th at the Salem Armory Auditorium, 2310 17th St. NE.

    This marks the first in-person Expo since 2019 and will also feature a special 80th Anniversary Celebration of ODVA beginning at 10 a.m.

    Organized by the Oregon Department of Veterans’ Affairs and presented in partnership with the Oregon Lottery and the Oregon Military Department, the Veteran Benefit Expo is a one-of-a-kind event and a one-stop shop for Oregon veterans of all eras and walks of life to learn about and access the full range of their earned benefits and local resources.

    More than 65 participating agencies, nonprofits and service providers will be on hand to provide in-depth information and direct services across a wide range of benefit areas, including health care, disability claims assistance, housing, emergency assistance, long-term care, mental health, education, business, recreation and more.

    “We are celebrating the 80th anniversary of ODVA by doing what we’ve always done: showing up for Oregon veterans and their families,” said ODVA Director Dr. Nakeia Council Daniels. “The Veteran Benefit Expo is more than an event — it is the heart of our mission brought to life: bringing vital resources and earned benefits into the communities where veterans live and work, and making sure they know they’re seen, valued, and supported.”

    This year’s Expo will also celebrate ODVA’s eight decades of service to Oregon’s veteran community, kicking off with the 80th Anniversary Ceremony at 10 a.m. on the Armory Auditorium stage, which will be immediately followed by a cake cutting and the opening of the Expo. The public is invited to attend.

    Space is limited, but there are still openings for state or local organizations who provide direct benefits to veterans and who are interested in being an exhibitor at this year’s Expo. Registration is free but is subject to approval by ODVA based on space and other considerations. To register, visit www.surveymonkey.com/r/orvetexpo25vendors.

    The Veteran Benefit Expo was first held in 2015 at the Salem Convention Center in honor of ODVA’s 70th anniversary and has grown to become the agency’s signature outreach event, drawing an estimated 500 to 600 veterans each year. Since its inception, the Expo has traveled to different regions of the state, with plans to continue rotating in future years to ensure broad access to benefits by the state’s diverse veteran population.

    MIL OSI USA News –