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Daily Archives: May 23, 2019

OmniComm Systems Successfully Launches Innovation Forum in Asia

FORT LAUDERDALE, Fla., May 23, 2019 (GLOBE NEWSWIRE) — New drug innovation, patient-centric eClinical solutions and the latest trends in pharmaceutical research topped the agenda at Innovation Forum Asia, an inaugural customer summit hosted by OmniComm Systems, Inc. (OTCQX: OMCM), a leading global provider of clinical data management technology. Co-hosted by Tri-I Biotech, the Shanghai-based event attracted a larger-than-anticipated crowd of attendees and speakers.

“This was a great event for OmniComm in China. I am so happy to see the rapid growth of OmniComm’s business in the region, and I want to thank Tri-I for its great partnership with us during the past four years,” said Feng Cheng, GM of OmniComm China. “OmniComm has the best EDC and early-phase systems for clinical research and will continue to expand its services and support capabilities to grow its business in China.”

Innovation Forum Asia drew a large crowd of representatives from nearly 50 life science organizations. During the two-day event, attendees heard presentations from thought leaders, academic researchers and OmniComm customers who have achieved significant gains in productivity, automation, data quality, operational efficiency and compliance in their conduct of clinical trials using OmniComm’s EDC products.

“We are very happy to be a partner of OmniComm and work with them to provide advanced clinical software to our customers in China,” said Michael Lee, founder and GM of Tri-I. “As a local company, we have a strong regional network, which helps OmniComm grow and support its business in China. Tri-I has a team of close to 20 people dedicated to OmniComm’s products. We provide expertise and high-quality services to customers.”

During the event, OmniComm featured several eClinical products, including TrialMaster® Version 5, Acuity Analytics, AutoEncoder, IRTMaster, TrialOne® and T1xpress.

“We thank our attendees, speakers and Tri-I for contributing to the success of our first-ever Innovation Forum in Asia. Our regional and global networking events are designed to provide a forum for our customers to discuss key industry topics, exchange thoughts and best practices, and to showcase OmniComm’s commitment to innovation and ongoing development in the clinical research industry,” said Stephen Johnson, president and CEO of OmniComm Systems.

About OmniComm Systems, Inc.

OmniComm Systems, Inc. is a leading strategic software solutions provider to the life sciences industry, offering eClinical solutions for clinical research. Visit www.omnicomm.com for more information.

Contact
Kuno van der Post
OmniComm Systems, Inc.
+1.954.473.1254
KvanderPost@omnicomm.com

Lowered Return Expectations Among Several Trends Pointing to a Shift in Private Markets Due Diligence says New eVestment Survey

ATLANTA, May 23, 2019 (GLOBE NEWSWIRE) — Private markets funds have continued to rake in new commitments from institutional investors eager to diversify their portfolios and capture the returns private markets investments can offer. However, investors are now tempering their private markets return expectations. Coupled with other industry trends, this will have implications for private markets fundraising and due diligence according to a new eVestment report, produced in association with parent company Nasdaq.

The 2019 eVestment Private Markets Due Diligence Survey of institutional investors, consultants and private markets fund managers finds that 52% of investors expect returns in the space to decline in the future (page 16). Only 12% of investors expected private equity returns to increase, with the balance – 36% – expecting returns to stay about the same.

Forty-seven percent of investors surveyed expect to see lower returns in venture capital vs. just 16% of investors who expect returns to increase. And in real estate, 41% of investors expect to see lower returns vs. 14% who expect returns to increase.

Another interesting point from the report is the apparent mismatch between fund managers’ desire to find new investors and investors’ desire to reduce or keep stable the number of fund managers with which they work (page 18). In the survey, three out of four fund managers indicated they plan to increase their investor base, while three out of four investors indicated they actually plan to maintain or decrease the number of fund managers with which they work.

“Due diligence remains the foundation for investors looking to build a quality portfolio and generate above market returns,” said Graeme Faulds, Director of Product – Private Markets at eVestment. “With the majority of survey respondents’ outlook for returns to be flat at best, and a desire from investors to consolidate manager relationships, due diligence processes are only going to become more critical for both sides of the table. The need for fund managers and investors to embrace better data and technology to help them navigate this reality has never been more important.”

A few other interesting points from the 2019 report include:

  • Managers underestimate the level of importance of analytics investors are using to evaluate them. For example, when considering quantitative due diligence, 68% of investors rated loss ratios as very or extremely important, while only 32% of fund managers rated loss ratios similarly (page 22).
  • Forty-one percent of investors indicated they were very or extremely concerned with competition for deals, while only 25% of fund managers responded that they were very or extremely concerned about competition for deals (page 7).
  • Thirty-eight percent of investors responded that they were very or extremely concerned about private company valuations while only 23% of fund managers said they were very or extremely concerned about valuations (page 7).
  • The probability of a market correction was a top three concern for both fund managers and investors with close to two thirds of the view it was likely to occur within the next two years. (page 8).
  • ESG has been a hot topic for several years but use of ESG in evaluating private markets fund managers is not very important to most investors and consultants. Only 16% of investors and consultants surveyed said ESG at the firm level was very important in their evaluation of private markets managers and only 6% said it was very important at the underlying deal level. (page 28).

The survey of institutional investors, consultants and private markets fund managers was conducted in early 2019. Investors and consultants responding to the survey represent more than $765 billion in assets under management/assets under administration (AUM/AUA) and aggregated private markets AUM/AUA of more than $131 billion. Private markets fund managers responding to the survey manage more than $600 billion.

To download a full copy of the report, please click here.

About eVestment

eVestment, a Nasdaq company, provides institutional investment data, analytics and market intelligence covering public and private markets. Asset managers and general partners reach the institutional marketplace through our platform, while institutional investors and consultants rely on eVestment for manager due diligence, selection and monitoring. eVestment brings transparency and efficiency to the global institutional market, equipping managers, investors and consultants to make data-driven decisions, deploy their resources more productively and ultimately realize better outcomes.

Press Contact
Mark Scott
mscott@evestment.com
678 238 0761

Lowered Return Expectations Among Several Trends Pointing to a Shift in Private Markets Due Diligence says New eVestment Survey

ATLANTA, May 23, 2019 (GLOBE NEWSWIRE) — Private markets funds have continued to rake in new commitments from institutional investors eager to diversify their portfolios and capture the returns private markets investments can offer. However, investors are now tempering their private markets return expectations. Coupled with other industry trends, this will have implications for private markets fundraising and due diligence according to a new eVestment report, produced in association with parent company Nasdaq.

The 2019 eVestment Private Markets Due Diligence Survey of institutional investors, consultants and private markets fund managers finds that 52% of investors expect returns in the space to decline in the future (page 16). Only 12% of investors expected private equity returns to increase, with the balance – 36% – expecting returns to stay about the same.

Forty-seven percent of investors surveyed expect to see lower returns in venture capital vs. just 16% of investors who expect returns to increase. And in real estate, 41% of investors expect to see lower returns vs. 14% who expect returns to increase.

Another interesting point from the report is the apparent mismatch between fund managers’ desire to find new investors and investors’ desire to reduce or keep stable the number of fund managers with which they work (page 18). In the survey, three out of four fund managers indicated they plan to increase their investor base, while three out of four investors indicated they actually plan to maintain or decrease the number of fund managers with which they work.

“Due diligence remains the foundation for investors looking to build a quality portfolio and generate above market returns,” said Graeme Faulds, Director of Product – Private Markets at eVestment. “With the majority of survey respondents’ outlook for returns to be flat at best, and a desire from investors to consolidate manager relationships, due diligence processes are only going to become more critical for both sides of the table. The need for fund managers and investors to embrace better data and technology to help them navigate this reality has never been more important.”

A few other interesting points from the 2019 report include:

  • Managers underestimate the level of importance of analytics investors are using to evaluate them. For example, when considering quantitative due diligence, 68% of investors rated loss ratios as very or extremely important, while only 32% of fund managers rated loss ratios similarly (page 22).
  • Forty-one percent of investors indicated they were very or extremely concerned with competition for deals, while only 25% of fund managers responded that they were very or extremely concerned about competition for deals (page 7).
  • Thirty-eight percent of investors responded that they were very or extremely concerned about private company valuations while only 23% of fund managers said they were very or extremely concerned about valuations (page 7).
  • The probability of a market correction was a top three concern for both fund managers and investors with close to two thirds of the view it was likely to occur within the next two years. (page 8).
  • ESG has been a hot topic for several years but use of ESG in evaluating private markets fund managers is not very important to most investors and consultants. Only 16% of investors and consultants surveyed said ESG at the firm level was very important in their evaluation of private markets managers and only 6% said it was very important at the underlying deal level. (page 28).

The survey of institutional investors, consultants and private markets fund managers was conducted in early 2019. Investors and consultants responding to the survey represent more than $765 billion in assets under management/assets under administration (AUM/AUA) and aggregated private markets AUM/AUA of more than $131 billion. Private markets fund managers responding to the survey manage more than $600 billion.

To download a full copy of the report, please click here.

About eVestment

eVestment, a Nasdaq company, provides institutional investment data, analytics and market intelligence covering public and private markets. Asset managers and general partners reach the institutional marketplace through our platform, while institutional investors and consultants rely on eVestment for manager due diligence, selection and monitoring. eVestment brings transparency and efficiency to the global institutional market, equipping managers, investors and consultants to make data-driven decisions, deploy their resources more productively and ultimately realize better outcomes.

Press Contact
Mark Scott
mscott@evestment.com
678 238 0761

AKWEL recognised by Jaguar Land Rover and General Motors

Thursday, 23 May 2019

AKWEL recognised by Jaguar Land Rover and General Motors

On Tuesday 14th May 2019, AKWEL received a “Silver Award” from Jaguar Land Rover during its annual Supplier Excellence Awards ceremony held in Coventry (UK). Only 15 suppliers out of 3500 around the world were recognised for their extraordinary contribution to Jaguar Land Rover’s business, cost transformation and operational delivery over the course of the last year. Ian Harnett, Jaguar Land Rover Director of Global Purchasing, commented: “This year, we have faced unprecedented challenges across our business. Despite this, we have continued to produce more desirable, more refined and better quality cars than ever before. We could not achieve this without the suppliers that underpin our business. Our annual Supplier Excellence Awards are an opportunity for us to celebrate the suppliers and the people who collectively have worked hard and diligently these past 12 months.

The same week, AKWEL was named a GM Supplier of the Year by General Motors during its 27th annual Supplier of the Year awards ceremony held Wednesday, May 15 in Detroit (USA). During the event, GM recognized its best suppliers from 15 countries that have consistently exceeded GM’s expectations. “We hold our suppliers to a high bar,” said Steve Kiefer, GM senior vice president, Global Purchasing and Supply Chain. “They went above and beyond to deliver the innovations and quality that will help us earn customers for life.

We are proud and honored to be recognized by our customers and we look forward to continuing our partnership with GM and JLR to help them manufacture more reliable, more environmentally-friendly autonomous and connected vehicles.

An independent, family-owned group listed on the Euronext Paris stock exchange, AKWEL is an equipment and systems manufacturer for the automotive and heavy goods industries, a specialist in fluid management and mechanisms, with leading industrial and technological expertise in applying and transforming materials (including plastics, rubber and metal) and mechatronics integration.

Operating in 20 countries on five continents, AKWEL employs approximately 12,000 people around the world.

Euronext Paris – Compartment B – ISIN: FR0000053027 – Reuters: AKW.PA – Bloomberg: AKW:FP

www.akwel-automotive.com

Attachment

President and Co-Founder of Soldaze, Inc. Hired to Lead the Branding Division for TransCanna

VANCOUVER, British Columbia, May 23, 2019 (GLOBE NEWSWIRE) — via NetworkWire – Transcanna Holdings Inc. (CSE:TCAN: XETR: TH8) (“TransCanna” or the “Company”) is pleased to announce the hiring of Shawn Shevlin (“Shawn”) the president and co-founder SolDaze, Inc., (“SolDaze”) an organic CBD, THC infused mango line of snacks and treats. Shawn will oversee the newly formed branding division for TransCanna at the Modesto facility, which will be responsible for statewide sales. He has over 25 years of experience in branding agricultural related products as well as a background in sales and operations.

TransCanna and SolDaze recently executed a non-binding Letter of Intent in which TransCanna will acquire the business and assets of SolDaze. SolDaze has received numerous awards including first place for packaging design and second place for Infused Edibles at the 2018 Emerald Cup. Together, both companies are working toward the closing of the acquisition.

“The TransCanna transition team has been extremely effective in orchestrating and managing all the moving parts as we continue with the due diligence and audit work which is necessary for the acquisition to close. To say that we’re extremely excited to be working with such a professional and knowledgeable company is an understatement,” stated Shawn.

Prior to co-founding SolDaze, Shawn held executive positions at top organic produce companies including EarthBound Farms, Dole, and Organic Girl. He also co-created a supply chain of organic mangoes from Mexico for leading natural food brands and club stores. Shawn co-founded Handshake Farms and helped lead social responsibility efforts to support their rural communities and champion organic farming. This includes training for farmers and supporting schools and sports programs.

“Shawn will be a major addition to our team, and we are honored and excited to have him come onboard.  We are currently planning our next stages to scale operations and created a blueprint for other brands we acquire and bring into the TCAN family,” commented Arni Johannson, president of TransCanna.

For further information, please visit the Company’s website at www.transcanna.com.

About TransCanna Holdings Inc.

TransCanna Holdings Inc. is a Canadian-based company focused on providing integrated branding, transportation and distribution services, through its wholly-owned California subsidiaries, to a range of industries including the cannabis marketplace.

For further information, please visit the Company’s website at www.transcanna.com or email the Company at info@transcanna.com.

Media Contact
TransCanna@talkshopmedia.com
604-738-2220

On behalf of the Board of Directors

James Pakulis
Chief Executive Officer

Telephone: (604) 609-6199

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Forward-looking statements in this news release include, but are not limited to:  the expected purchase of Lyfted, the terms of the Asset acquisition,, the ability of the Company to secure financing and the acquisition of appropriate licenses. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

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

Corporate Communications:
NetworkWire (NW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkWire.com

YPO Global Pulse Survey Finds The Customer is Always Right

New YPO Global Pulse Survey Finds That Customers Are the Primary Inspiration for Business Innovation Around the World

NEW YORK, May 22, 2019 (GLOBE NEWSWIRE) — YPO, the premier global leadership organization for more than 27,000 chief executives, conducted a survey of its members in over 130 countries to get their latest thoughts on innovation and its implications for the future of their businesses.

YPO’s 2019 Global Pulse Innovation Survey, conducted between 29 April through 6 May 2019 with more than 1,600 chief executive respondents, confirmed that the majority of global business leaders (57 percent) feel an urgent need to innovate now. Where do they look to find inspiration to innovate? Their customers.

Nearly half of global business leaders cited customers as their top source of innovation inspiration (48 percent) with employees (36 percent) ranking second. Consultants (10 percent) and think tanks (7 percent) lag far behind in the minds of respondents. The importance of keeping this key constituency happy is a focal point with nearly one in five respondents citing customer experience as their primary business area most needing innovation now. This ranks ahead of products, data/business intelligence and technology.

According to additional YPO Global Pulse findings, location, geographic location, industry, company size and length of job tenure greatly inform business leaders’ opinions and go-forward innovation action plans:

  • While the need to innovate is a top priority for global business leaders, only 4 in 10 strongly believe they have the appetite for experimentation.
    • While 57 percent of chief executives strongly believe there is an urgent need for their business to be innovative, more than one-third of this group (37 percent) however indicated they are not likely to invest in innovation over the next 12 months.
    • Industry plays a significant role in business leaders’ attitudes toward risk in business with those executives in the IT & Software, Health Care and Advertising & Marketing industries embracing risk (more than 55 percent have an appetite for experimentation and risk) while leaders in the Distribution, Automotive and Apparel industries are more risk adverse (only 35 percent have an appetite for experimentation and risk).
  • Over the next 12 months, global business leaders who are extremely likely to invest will be doing so in products (45 percent), internal processes (44 percent) and technology (42 percent) to help them win customers. 
    • Respondents in Africa (45 percent) cited their spending will be focused on product innovation.
    • Business leaders in Latin America (26 percent) and Asia (19 percent) are more likely to invest in business model innovation compared to their peers in the United States (16 percent) and Canada (13 percent).
    • U.S.-based business leaders (34 percent) are slightly more likely to invest in talent compared to all others (29 percent).
    • Leaders who have been at the helm three years or less are less likely to invest in talent (26 percent) compared to those who have been at the helm longer (32 percent).
    • Leaders of larger organizations (USD250 million+) indicate that innovation investment in the next 12 months will be targeted toward data/business intelligence (47 percent), while leaders of USD25-250 million businesses plan to invest in technology (42 percent). Leaders of smaller organizations (USD25 million or less) reported they will be focusing their spending in the next 12 months on product innovation (45 percent).
  • More leaders strongly agree that changing market conditions are redefining their business (36 percent) than technology (24 percent) and new competitors (20 percent).
    • U.K. respondents (43 percent) were much more likely than their European peers (31 percent) to strongly agree that changing market conditions are redefining their business.
    • Business leaders in Latin America (19 percent) and Asia (15 percent) are more concerned that technology changes are making their business model obsolete, especially when compared to their peers in Europe (9 percent) and the United States (7 percent).
    • Leaders of large organizations (USD250 million+) cited new competitors threatening their traditional business model as a strong concern, well more than chief executives of smaller businesses (27 percent for large companies compared to 19 percent for all others).
    • Chief executives who have been at the helm of their business one year or less believe their competitors are innovating faster than they are (18 percent), especially when compared to all executives (6 percent).
    • Regionally, chief executives in Middle East/North Africa (10 percent) and Asia (9 percent) are more likely to strongly believe their competitors are innovating faster compared to leaders across all regions (6 percent).

The YPO 2019 Global Pulse Innovation Survey follows on the heels of YPO Innovation Week. Occurring last week, YPO Innovation Week connected influential entrepreneurs, innovators and thought leaders to exchange ideas about inspiration, breakthroughs and transformation through signature and digital events around the world.

YPO 2019 Global Pulse Innovation Survey Methodology:

The YPO 2019 Global Pulse Innovation Survey of its members was conducted by YPO from 29 April – 6 May via an online questionnaire with a representative probability sample of 1,661 YPO members. The sample included members in 105 countries and representing 34 industry sectors. The questionnaire was in English. The margin of sampling error is plus or minus 2.3 percentage points at the 95 percent confidence level.

About YPO:
YPO is the premier global leadership organization for more than 27,000 chief executives in over 130 countries and the global platform for them to engage, learn and grow. YPO members harness the knowledge, influence and trust of the world’s most influential and innovative business leaders to inspire business, personal, family and community impact. Today, YPO member-run companies, diversified among industries and types of businesses, employ more than 22 million people globally and generate USD9 trillion in annual revenues. For more information, visit ypo.org.

YPO Media Contacts:
Amy Reid, areid@ypo.org, +1 646 678 0575 (United States)
Natalie Naude, nnaude@ypo.org, +27 83 641 0429 (Africa/MENA)
Vickie Tikam, vtikam@ypo.org, +60 012 331 7411 (Asia)
Angela Mers, amers@ypo.org, +1 415 298 8534 (Canada)
Serena Marchionni, smarchionni@ypo.org, +34 699 903 472 (Europe)

IILM issues US$150 million sukuk under new series

KUALA LUMPUR, The International Islamic Liquidity Management Corporation (IILM) has issued a US$150 million (US$1=RM4.191) short-term A-1 sukuk rated by Standard and Poor’s under a new series with a three-week tenor at a 2.54 per cent profit rate.

Among the highlights of the sukuk is that it offered for the first time a three-week tenor, exclusively reserved to primary dealers (PDs) and the new issuance will lead to an increase of the total outstanding of the IILM Sukuk in the market to US$2.21 billion from US$2.06 billion previously.

In a statement today, it said the sukuk had well supported demand on the new series of the IILM Sukuk with a bid-to-cover ratio of 433 per cent, the highest to date under the competitive auction methodology.

Profit rate achieved for the three-week sukuk is 2.54 per cent compared to the indicative pricing guidance range of 2.55 per cent-2.61 per cent, it said, adding that purchases by Islamic PDs in the primary auction amounted to circa 80 per cent.

The IILM is an international organisation established on Oct 25, 2010 by central banks, monetary authorities and multilateral organisations to develop and issue short-term Shari’ah-compliant financial instruments to facilitate effective cross-border liquidity management for institutions that offer Islamic financial services.

Source: BERNAMA (News Agency)