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Russian Envoy Warns Against Deploying US Missiles to Europe

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Reported by RIA Nov. 1 hour ago.

True Leaf Launches Hemp-Based Cat Treats

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DGAP-News: True Leaf Medicine International Ltd. / Key word(s): Product Launch/Market launch

13.11.2018 / 13:13
The issuer is solely responsible for the content of this announcement.
--------------------

*True Leaf Launches Hemp-Based Cat Treats*

The company's new line of functional treats for cats are now available in Europe

*VERNON, BC* - *November 13, 2018* - True Leaf Medicine International Ltd. ("True Leaf" or the "Company") (CSE: MJ) (OTCQB: TRLFF) (FSE: TLA), a plant-forward wellness brand for pets and their owners, today announced it has added seven hemp-based products specially formulated for cats to its True Hemp(TM) product line, to be available in pet stores and online across Europe.

The new products for cats include five hemp-based treats and two hemp toys. The innovative treats have a crunchy outer shell and a soft inner core with hemp. The True Hemp(TM) functional treats come in five formulas to address common feline health concerns: Calming, Skin+Coat, Anti-Hairball, Urinary Tract support, and Senior, a formula that promotes hip and joint health in adult cats.

The Company has also launched True Hemp(TM) Cuddle Cushion(TM) toys for cats made with hemp and added catnip or valerian.

"Our first products for cats in Europe - which is the second largest region in the pet care market globally - will contribute to our global revenue growth and brand strategy," said Darcy Bomford, Founder and Chief Executive Officer of True Leaf. "Our new hemp-based cat products are legally compliant in Europe, so pet owners can have peace of mind when choosing True Hemp(TM). True Leaf is committed to being the global and trusted cannabis for pets brand leader."

True Leaf Pet, a division of True Leaf, pioneered hemp-seed-based products for dogs. The Company's True Hemp(TM) line of functional chews, supplement oils, and dental sticks is one of the first to be marketed worldwide and is now sold in 2,800 stores across North America and Europe.

Earlier this month, True Leaf launched e-commerce direct-to-consumer stores in three major European markets. Pet owners in France, Germany, and the United Kingdom can now shop for True Leaf Pet products online at www.trueleafpet.eu and have them delivered directly to their door. In France, the online store launch marked True Leaf's entry into the large French pet market valued at 4.6 billion euros (Source: Euromonitor 2017).

True Leaf Pet products are also available on Amazon, and online in the United States at www.trueleafpet.com, and in Canada at www.trueleafpet.ca.

*About True Leaf*

True Leaf is a plant-forward wellness brand for pets and their owners. Founded in 2013, True Leaf has two main operating divisions: True Leaf Medicine Inc. and True Leaf Pet Inc.

True Leaf Medicine Inc. is in the final stages of approval to become a licensed producer of federally-approved medicinal cannabis for the Canadian market. The license is subject to a Health Canada inspection to allow for the production, manufacture, and distribution of cannabis products upon the completion of the Company's cannabis cultivation facility being built in Lumby, British Columbia. The facility is expected to be completed in fall 2018.

Established in 2015, True Leaf Pet Inc. is one of the first companies to market hemp-based products for pets worldwide. The Company is initially marketing a line of hemp-seed based supplements for pets. True Hemp(TM) chews, dental sticks, and supplement oils are sold in more than 2,800 stores across North America and Europe.

www.trueleaf.com

*Media Contact:*

Paul Sullivan
Director, Public Relations
Paul@trueleaf.com
O: 604-685-4742
M: 604-603-7358

*Investor Contact:*

Kevin Bottomley (Canada)
Director and Corporate Relations
Kevin@trueleaf.com
M: 778-389-9933

Tirth Patel (US)
Edison Advisors
tpatel@edisongroup.com
O: 646-653-7035

*Follow True Leaf *

twitter.com/trueleafpet

facebook.com/trueleafpet

instagram.com/trueleafpet

*Forward-Looking Statements*

This news release contains forward-looking statements and management may make additional forward-looking statements in response to your questions. Such written and oral disclosures are made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995 and True Leaf hereby claims such safe harbour protection for all forward-looking statements. True Leaf believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions; however, True Leaf's actual results and performance and the value of its securities could differ materially from those set forth in the forward-looking statements due to the impact of many factors summarized in the "Risk Factors" section of True Leaf's Offering Circular Form 1-A filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities and other discussions of risk factors contained in True Leaf's periodic filings or supplements to the offering circular. True Leaf's Offering Circular Form 1-A can be found at www.trueleaf.com/pages/investor. Forward-looking statements speak only as of the date they are made. True Leaf undertakes no obligation to update or revise any such information for any reason after the date of this presentation unless required by law.
--------------------

13.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de --------------------

Language: English
Company: True Leaf Medicine International Ltd.
32 - 100 Kalamalka Lake Road
V1T 9 G1 Vernon (BC)
Canada
Phone: +17783899933
E-mail: kevin@trueleaf.com
Internet: www.trueleaf.com
ISIN: CA89785C1077, CA89785C1077
WKN: , A0Q3EE
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Munich, Stuttgart; Canadian Venture Exchange
 
End of News DGAP News Service Reported by EQS Group 1 hour ago.

Scotland's Flow Country focus of Unesco World Heritage bid

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Scotland's Flow Country focus of Unesco World Heritage bid Work has started towards applying for Unesco status for Europe's largest blanket bog, the Flow Country. Reported by BBC News 1 hour ago.

Asian shares falter, dollar at 16-month peak on Europe, Brexit woes

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Asian shares falter, dollar at 16-month peak on Europe, Brexit woes Reported by euronews 44 minutes ago.

Cardtronics and Convenience Store Owner Parkland Fuel Partner to Expand ATM Access

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*280 additional ATM locations to display the TD brand*

TORONTO, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Parkland Fuel Corporation (“Parkland”), the owner and operator of FasGas, Pioneer and other retail gas stations and convenience store brands, has added 280 ATMs to its turnkey management agreement with Cardtronics Canada – more than doubling the number of ATMs that are managed by Cardtronics for Parkland.

The renewal of the agreement with Parkland increases the number of ATMs from 206 to 486 that are under turnkey services provided by Cardtronics.  The ATMs – located in select Corner Store, FasGas and Pioneer stores across Canada – will display the name of TD Bank Group.

“We are pleased to be a part of this team of industry-leading brands in bolstering ATM access for our customers,” said Ian White, Vice-President, Strategic Marketing, Parkland Fuel Corporation.  “Through this partnership, we are meeting our customers’ demand for secure cash access allowing them to make the most of every stop at our On The Run and Marche Express convenience stores from coast to coast.”

“Cardtronics has built an unrivaled network that provides consumers free and easy ATM access to cash, which is critical to our daily life—buying coffee on the way to work, paying the babysitter after date night, or buying hungry kids snacks after soccer practice,” said Brian Bailey, Cardtronics Managing Director – North America.  “Consumers value this network even more when they see their own bank’s name on an ATM in a well-known and trusted retail location.”

The placement of the additional ATMs will be through a phased roll out planned for completion in the fourth quarter.  As they become operational, the new ATMs will be listed on the Cardtronics ATM locator online. 

*About Parkland Fuel *
Parkland is Canada's largest and one of North America's fastest growing independent suppliers and marketers of fuel and petroleum products and a leading convenience store operator. Parkland services customers through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating the Parkland Burnaby Refinery, and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings, including its On the Run/Marché Express banners, in the communities it serves.

*About Cardtronics Canada *
Cardtronics Canada is part of the largest owner / operator of cash machines worldwide. In addition to cash machine services, Cardtronics Canada operates a full-service ABM/ATM and point-of-sale transaction processing switch for Interac and other payment card network transactions in Canada. Cardtronics offers comprehensive payment processing services to credit unions and financial institutions across Canada, enabling them to outsource their ABM/ATM and point-of-sale payment card processing.

*About Cardtronics (Nasdaq: CATM)*
Cardtronics is the trusted leader in financial self-service, enabling cash transactions at approximately 230,000 ATMs across 10 countries in North America, Europe, Asia-Pacific, and Africa.  Leveraging our unmatched scale, expertise and innovation, top-tier merchants and businesses of all sizes use our ATM solutions to drive growth, in-store traffic, and retail transactions.  Financial services providers rely on Cardtronics to deliver superior service at their own ATMs, on Cardtronics ATMs where they place their brand, and through Cardtronics' Allpoint Network, the world’s largest surcharge-free ATM network, with over 55,000 locations.  As champions of cash, Cardtronics converts digital currency into physical cash, driving payments choice for businesses and consumers alike.

*Contact Information:*

*Media Relations – Cardtronics *
Susannah Moore Griffin 
Corporate Communications Manager
832-308-4392 
sgriffin@cardtronics.com  *Investor Relations – Cardtronics *
Brad Conrad
EVP – Treasurer
832-308-4975
ir@cardtronics.com

Cardtronics is a registered trademark of Cardtronics plc and its subsidiaries

All other trademarks are the property of their respective owners. Reported by GlobeNewswire 55 minutes ago.

You can't copyright taste, EU court says in setback for food industry

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Europe's top court dealt the food industry a blow on Tuesday as it dismissed an attempt by a Dutch cheese maker to copyright its cream cheese, saying that the taste of a food product does not qualify for copyright protection. Reported by Reuters 30 minutes ago.

Back in D.C., President Trump attacks France's Macron over 'European army'

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Since returning to Washington, D.C., on Sunday, Trump has tweeted complaints about Europe over military burden sharing in NATO and free trade.

 
 
 
 
 
 
  Reported by USATODAY.com 25 minutes ago.

Falling Crude Prices Likely To Hurt Canadian Shares

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Canadian shares may swing between gains and losses in early trades on Tuesday, with investors tracking a recovery in Europe and higher U.S. futures and also reacting to the sharp fall in crude oil prices. Reported by RTTNews 25 minutes ago.

MultiTech Helps Customers Transition to LTE with Launch of Newest Cellular Modems

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MultiConnect Cell 100 Series 4G-LTE Cat 4 Cellular Modems Now Available with Configuration Options for AT&T and Verizon

MOUNDS VIEW, Minn. (PRWEB) November 13, 2018

Multi-Tech Systems, Inc., a leading global manufacturer of M2M and IoT devices, today announced the availability of its new 4G-LTE Cat 4 MultiConnect® Cell 100 series cellular modems, certified and approved for use in North America and Europe. A significant feature for the newest award winning modems includes a built in dual carrier radio that can be configured to AT&T or Verizon. The announcement highlights MultiTech’s strong commitment to providing leading IoT solutions for the rapidly growing LTE market.

The MultiConnect Cell 100 is part of the MultiTech comprehensive portfolio of cellular connectivity products optimized for M2M (machine-to-machine) communications. Easy to install and configure the MultiConnect Cell is ideal for failover, out-of-band management or primary internet connection over cellular. The MultiConnect Cell connects an intelligent appliance via a Serial RS232 or USB interface.

According to ABI Research, Global LTE subscriptions are slated to reach nearly four billion by 2021. “The deployments of machine-to-machine (M2M) and Internet of Things (IoT) devices currently rely on 2G and 3G technologies, which feature low cost, low power, and low data consumption, “ said Paul Elko, senior product marketing manager at MultiTech. “We are committed to providing a path for our customers who intend to leverage the power of LTE and are looking for a single SKU covering both AT&T and Verizon.” To learn more about MultiTech’s approach to changing communications standards, click here.

The MultiConnect Cell is a compact communications platform family that provides 3G, 4G LTE Cat 3, Cat M1 and now 4G-LTE Cat 4 cellular capabilities for fixed and mobile applications. It has been deployed and tested around the world for use in settings such as:· Remotely monitoring solar micro-inverters, power generators, tanks, pipelines, meters, pumps and valves in any energy, utility, or industrial application.
· The MultiConnect Cell family has also been successfully qualified by professionals in emergency services, smart lighting, vending, remote patient monitoring, renewable energy systems, End-of-Train system management and process automation.

About MultiTech
MultiTech designs, develops and manufactures communications equipment for the industrial internet of things – connecting physical assets to business processes to deliver enhanced value. Our commitment to quality and service excellence means you can count on MultiTech products and people to address your needs, while our history of innovation ensures you can stay ahead of the latest technology with a partner who will be there for the life of your solution. Visit http://www.multitech.com for more information.

Press Contact: Jennifer Costello, Tel: 781-715-4870, jennifer(dot)costello(at)multitech(dot)com Reported by PRWeb 25 minutes ago.

What Would You Pay to Keep Your Family Safe on the Road?

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Global Mobile Alert says, how about less than 10 cents a day for 30 days?

BEVERLY HILLS, Calif. (PRWEB) November 13, 2018

“Making zero car accidents a reality” is the mission of Global Mobile Alert, founded by CEO Demetrius Thompson after he was hit on two separate occasions by drivers using their cell phones. He knew he had to come up with a solution that can prevent accidents and deaths due to distracted driving. The result is GMA’s life-saving technology embedded in a simple cell phone app. “Every busy parent and teen driver should have this app on their phone,” said Rob Dugger, a founder of ReadyNation, the preeminent business parent and child advocacy organization in the U.S.

GMA’s app uses advanced sensing technologies to save lives. In addition to ordinary drivers, the app can be incorporated by developers in smart and autonomous vehicles control systems. GMA’s app works by connecting seamlessly with Smart City traffic control systems. When a driver is using their cell phone, even in the hands-free mode, the app emits a warning when their vehicle is moving and approaching a traffic control point such as a stop sign, traffic light, school zone or railroad crossing.

When approaching a stoplight, for example, if a driver is talking on their phone, the app warns that a stoplight is ahead in time to slow down or stop. The app displays a traffic light and calculates if the light will be red by the time the vehicle reaches the intersection.

Since 2008, Global Mobile Alert has racked up an impressive list of honors and awards, including a finalist nomination for Best Aftermarket Telematics Product/Service in 2017, alongside Zubie, Nokia, Nebula, Mojio, and Verizon. Others who have tossed their research hats into the ring include top automakers including Ford, Volkswagen, BMW, and Honda, who are researching and testing systems that enable cars and traffic lights to communicate with each other with the goal of easing traffic congestion, cutting emissions and increasing safety.

Peter Goelz, current Senior Vice President, O'Neill and Associates and the former Managing Director of the National Transportation Safety Board says, “This app’s available now and will save lives. Cell phone users need this app. Phone manufacturers should make it a standard component of their phones. Car manufacturers should include it as a standard feature of their smart car technologies. And auto insurers should encourage the app’s use by lowering rates on drivers and cars that have the technology.”

The National Highway Traffic Administration reports that 10% of fatal crashes, 15% of injury crashes and 14% of all police-reported motor vehicle traffic accidents in 2015 were the result of distracted driving. In all, 391,000 people were injured in motor vehicle crashes involving distracted drivers. Sadly, teenagers are the most likely victims. More than 58% of teen crashes were the result of distracted driving.

The Global Mobile Alert is available in the US, Europe and Canada--50 countries, and can be downloaded on Google Play Store for Android, the Apple Store for iPhone and from the company website https://globalmobilealert.com/ Reported by PRWeb 25 minutes ago.

Gesture Recognition Market to Flourish Due to Extensive Use in Aerospace and Automobile Industries - TMR

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Global Gesture Recognition Market to be Worth at US$48.56 Bn with Increasing Use across Medical and Aerospace Industries

Albany, New York, Nov. 13, 2018 (GLOBE NEWSWIRE) -- The global gesture recognition market is recognized with few players. Apple, Google, Intel, and Microsoft are some of the globally recognized players present in the market. These players are focusing on research and development in order to produce technological beneficiaries. This is likely to help the company to expand and diversify their product portfolio in the market. On the other hand, local players are attracting investors by showing growth potential. This is likely to heat up the competition. Growing application of gesture recognition in industrial automation, automobile, and smart phones are anticipated to drive the global market. Aggressive growth of the automobile industry is likely to support the gesture recognition market in years to come.

*Request a PDF Sample -* https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7586

According to Transparency Market Research, the global gesture recognition market is anticipated to expand at a robust CAGR of 16.2% during the forecast period 2016 – 2024. The market which was valued at US$ 11.60 bn in 2016, is anticipated to touch the valuation of US$8.56 bn by the end of the tenure period. Consumer electronics of other applications in the market held a share of 35.5% in recent years. Rising demand for cameras, multimedia consoles of automobiles, and smart TVs is likely to help the market grow. Consumer electronics segment is anticipate to rise at 14.6% CAGR during the assessed period. On the basis of region, North America held the major share of 35% of the overall market owing to the presence of major player. The region is expected to expand at 15.1% of CAGR during the forecast period.

*View Complete Report TOC -* https://www.transparencymarketresearch.com/report-toc/7586  

*Improper Inputs in Gesture Recognition Application to Deter Market Growth*

Increasing penetration of mobile devices all across the world is expected to catapult the demand for innovative gesture recognition, this is likely to help the market grow. In the developed countries, mobile devices such as smartphones, tablets, and laptops have gained immense popularity, thus rising their demand to new height. Developing countries are witnessing a high demand of mobile devices, as factors such as rise in disposable income and preference for a better lifestyles helps. However, it has been noticed issues related to gesture based interfaces have made the people rely on traditional input. Developers of the gesture based recognition needs to make sure that the gestures are recognized quickly and correctly, thus avoiding any time loss of the consumer. Another factor that is foreseen to hamper the growth of the market is the self-revealing and self-explanatory factor of gesture recognition devices. For instance, a user can understand what a button can do, whereas in case of gesture, it is difficult to understand.

*Get a PDF Brochure -* https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=7586  

*Extensive Use of Gesture Recognition Devices in Automobile Industry to Bolster Market Growth*

The global gesture recognition market is likely to witness a strong demand owing to innovative features in years to come. Major technology brands are extensively carrying research and development activities in order to produce enhanced and more accurate products, these have compelled various investors to turn around their heads, thus pushing the market in a positive direction. Popularity of gesture recognition devices have increased in comparison to touch based control system owing to surge in uptake of gesture technology in automobile industry. Another driver that is helping the market to rise is that the gesture recognition technology helps physically disabled person to operate devices.

*Browse Research Release -* https://www.transparencymarketresearch.com/pressrelease/gesture-recognition-market.htm  

The information shared in this review is based on a TMR report, titled, “Gesture Recognition Market (Technology - Touch Based Gesture Recognition (Gyroscope, Accelerometer, Combo Sensor), Touchless Gesture Recognition (Ultrasonic (3D Gesture), Infrared 2D Array, Camera Solutions); Application - Automotive, Hospitality, Consumer Electronics, Gaming, Aerospace and Defense, Commercial Centers, Educational Hubs, Medical Centers) - Global Industry Analysis Size Share Growth Trends and Forecast 2016 - 2024”

*The global gesture recognition market has been segmented as presented below:*

· By Application

· Automotive
· Hospitality
· Consumer electronics
· Gaming
· Aerospace and defense
· Commercial centers
· Educational hubs
· Medical centers

· By Technology

· Touch based gesture recognition

· Gyroscope
· Accelerometer
· Combo Sensor

· Touchless gesture recognition

· Ultrasonic (3D gesture)
· Infrared 2D Array
· Camera Solutions

· By Region

· North America

· S.
· Canada
· Mexico

· Europe

· K
· Germany
· France
· Rest of Europe

· Asia Pacific

· India
· China
· Japan
· South Korea
· Rest of Asia Pacific

· Rest of the World (RoW)

· Latin America
· Middle East and Africa

*About Us: *
*                                                                *
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

*Contact Us*

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
*Email*: sales@transparencymarketresearch.com
*Website*: http://www.transparencymarketresearch.com
*Research Blog:* http://www.techyounme.com/ Reported by GlobeNewswire 17 minutes ago.

Omnitek Engineering Reports Third Quarter and Nine-Month Results

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*Recent Completion of EURO VI 430 hp 13-Liter Engine Development Expected to Drive Growth*VISTA, Calif., Nov. 13, 2018 (GLOBE NEWSWIRE) -- *Omnitek Engineering Corp. (OTCQB: OMTK) *today announced results for its third quarter and nine months ended September 30, 2018 – reflecting the development of a 430 hp 13-liter heavy-duty EURO VI natural gas engine for truck and bus applications for a European customer, and its finalization subsequent to the end of the quarter.For the three months ended September 30, 2018, the company reported a net loss of $143,305, or ($0.01) per share, compared with a net loss of $149,849, or ($0.01) per share, a year earlier. Net revenues for the quarter were $280,567 compared with $276,241 from a year earlier.  Results for the quarter were impacted by non-cash expenses, including the value of options granted in the amount of $5,272, depreciation and amortization of $1,568 and expenses relating to settlement of debt of $32,963. For the three-month period a year earlier, non-cash expenses included the value of options granted of $25,476 and depreciation and amortization of $6,147.

For the nine-month period, the company reported a net loss of $317,938, or ($0.02) per share, compared with a net loss of $550,479, or ($0.03) per share, a year earlier. Net revenues for the nine-months were $1,009,653 compared with $814,210 a year ago.  Results for the nine-month period were impacted by non-cash expenses, including the value of options granted in the amount of $32,458, depreciation and amortization of $7,294 and expenses relating to settlement of debt of $32,963. For the nine-month period a year earlier, non-cash expenses included the value of options granted of $120,209 and depreciation and amortization of $18,594.  Gross margin for the quarter ended September 30, 2018 was 39 percent compared with 43 percent a year earlier. Gross margin for the nine months was 43 percent compared with 44 percent a year earlier -- within the company’s normalized target range of 40 to 50 percent on an annual basis.“Higher oil prices, air pollution regulations and the price disparity between diesel and natural gas in foreign markets remain important catalysts for our business, and we remain focused on ramping up sales volume -- particularly in Turkey, China, India and Europe. The recent finalized development of a 430 hp 13-Liter EURO VI natural gas engine represents a significant competitive advantage, and we anticipate significant sales for this product line to materialize in 2019. In addition, we anticipate meaningful sales to materialize after our exclusive Chinese distributor receives final government approvals to manufacture natural gas engines in its new manufacturing facility currently being built in Shandong Province, China,” said Werner Funk, president and chief executive officer of Omnitek Engineering Corp.

At September 30, 2018, current liabilities totaled $1,229,580 and current assets totaled $1,507,583, resulting in positive working capital of approximately $278,003 and a current ratio of 1.23.*About Omnitek Engineering Corp.*
Omnitek Engineering Corp. develops and sells new natural gas engines, as well as proprietary diesel-to-natural gas conversion systems -- providing global customers with innovative alternative energy and emissions control solutions that are sustainable and affordable. Additional information is available at www.omnitekcorp.com.Some of the statements contained in this news release discuss future expectations, contain projections of results of operations or financial condition or state other “forward-looking” information. These statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on various factors and is derived using numerous assumptions. Important factors that may cause actual results to differ from projections include, among many others, the ability of the Company to raise sufficient capital to meet operating requirements, completion of R&D and successful commercialization of products/services, patent completion, prosecution and defense against well-capitalized competitors. These are serious risks and there is no assurance that our forward-looking statements will occur or prove to be accurate. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and variations of such words and similar expressions are intended to identify such forward-looking statements. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

(Financial Tables Follow)*OMNITEK ENGINEERING CORP.*
Condensed Statements of Operations (unaudited)
                         
                         
        For the Three   For the Three   For the Nine   For the Nine
        Months Ended   Months Ended   Months Ended   Months Ended
        September 30   September 30   September 30   September 30
        2018     2017     2018     2017  
                     
REVENUES   $ 280,567     $ 276,241     $ 1,009,653     $ 814,210  
COST OF GOODS SOLD     170,108       158,358       575,088       456,765  
GROSS MARGIN     110,459       117,883       434,565       357,445  
                             
OPERATING EXPENSES                        
                             
  General and administrative     184,374       240,477       618,680       789,618  
  Research and development expense     29,315       18,978       81,885       92,667  
  Depreciation and amortization expense     1,568       6,147       7,294       18,594  
                             
    Total Operating Expenses     215,257       265,602       707,859       900,879  
                             
LOSS FROM OPERATIONS     (104,798 )     (147,719 )     (273,294 )     (543,434 )
                             
OTHER INCOME (EXPENSE)                        
                         
Other income     -       -       950       -  
Loss on settlement of debt     (32,963 )     -       (32,963 )     -  
Interest expense     (5,544 )     (2,130 )     (11,831 )     (6,245 )
                             
    Total Other Income (Expense)     (38,507 )     (2,130 )     (43,844 )     (6,245 )
                             
LOSS BEFORE INCOME TAXES     (143,305 )     (149,849 )     (317,138 )     (549,679 )
INCOME TAX EXPENSE     -       -       800       800  
                             
NET LOSS   $ (143,305 )   $ (149,849 )   $ (317,938 )   $ (550,479 )
                             
BASIC AND DILUTED LOSS PER SHARE   $ (0.01 )   $ (0.01 )   $ (0.02 )   $ (0.03 )
                             
WEIGHTED AVERAGE NUMBER                        
  OF COMMON SHARES OUTSTANDING BASIC AND DILUTED     20,411,316       20,281,082       20,324,970       20,281,082  
                             

 
*OMNITEK ENGINEERING CORP.*
Condensed Balance Sheet
ASSETS
 
      September 30,   December 31,
      2018   2017
      (unaudited)    
CURRENT ASSETS          
  Cash $ 5,498     $ 23,279  
  Accounts receivable, net   15,293       7,984  
  Accounts receivable - related parties   6,313       3,440  
  Inventory, net   1,451,896       1,554,656  
  Deposits   28,583       17,385  
               
    Total Current Assets   1,507,583       1,606,744  
               
FIXED ASSETS, net   2,672       7,253  
               
OTHER ASSETS          
  Other noncurrent assets   14,280       14,280  
               
    Total Other Assets   14,280       14,280  
               
    TOTAL ASSETS $ 1,524,535     $ 1,628,277  
               
LIABILITIES AND STOCKHOLDERS' EQUITY
 
CURRENT LIABILITIES          
  Accounts payable and accrued expenses $ 373,379     $ 358,032  
  Accrued management compensation   512,103       406,841  
  Accounts payable – related parties   142,819       114,321  
  Notes payable – related parties   15,000       15,000  
  Convertible notes payable – related parties   -       15,000  
  Convertible notes payable – current portion   45,000       -  
  Billings in excess of costs and estimated earnings   -       30,000  
  Customer deposits   141,279       212,410  
               
    Total Current Liabilities   1,229,580       1,151,604  
    LONG-TERM LIABILITIES          
    Convertible notes payable, net of current portion   55,000       -  
               
    Total Liabilities   1,284,580       1,151,604  
STOCKHOLDERS' EQUITY          
  Common stock, 125,000,000 shares authorized            
    no par value 20,420,402 and 20,281,082 shares          
    issued and outstanding, respectively   8,427,210       8,411,411  
  Additional paid-in capital   11,917,784       11,852,363  
  Accumulated deficit   (20,105,039 )     (19,787,101 )
               
    Total Stockholders' Equity   239,955       476,673  
               
    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,524,535     $ 1,628,277  
                   

** **

CONTACT:
Gary S. Maier
Maier & Company, Inc.
(310) 471-1288

  Reported by GlobeNewswire 17 minutes ago.

Medtronic Receives CE Mark Approval for the Valiant Navion(TM) Thoracic Stent Graft System

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Lower-Profile Thoracic Endovascular Aortic Repair (TEVAR) Device Broadens Treatable Patient Population with Thoracic Aortic Disease

*DUBLIN - November 13, 2018 **- *Medtronic plc (NYSE:MDT) today announced it has received CE Mark approval for the Valiant Navion(TM) thoracic stent graft system for the minimally invasive repair of all lesions of the descending thoracic aorta, including thoracic aortic aneurysms (TAA), blunt traumatic aortic injuries (BTAI), penetrating atherosclerotic ulcers (PAU), intramural hematomas (IMH), and type B aortic dissections (TBAD). This news also follows the recent U.S. FDA approval of the Valiant Navion system.

"In clinical practice we often see patients with a wide range of thoracic aortic anatomies. For example, TEVAR in females doubles the risk of needing an adjunctive iliac access procedure1, which can potentially add risk, time, and cost to the procedure," said Professor Fabio Verzini, M.D., Ph.D., associate professor of Vascular Surgery, University of Turin, Italy and European principal investigator for the Valiant Navion IDE study. "The approval of Valiant Navion gives us the ability to broaden the treatable patient population with thoracic aortic disease, including more female patients and those who were previously considered ineligible for TEVAR with a percutaneous approach."

The Valiant Navion system is a lower-profile evolution of the market-leading Valiant(TM) Captivia(TM) thoracic stent graft system, which has treated more than 100,000 patients globally. Valiant Navion is built on the design philosophy of the Valiant Captivia system for improved performance and increased patient applicability. The system also features the CoveredSeal (proximal covered) and FreeFlo (proximal bare metal) stent configurations - both with tip-capture accuracy, providing physicians with two graft options to treat varying patient anatomies and pathologies.

Approval was based on 30-day primary endpoint analysis of 87 subjects consecutively enrolled in the international, multicenter, prospective investigational device exemption (IDE) study analyzing the safety and efficacy of Valiant Navion in subjects with TAA and PAU. The results demonstrated efficacy in both FreeFlo and CoveredSeal configurations, with no instances of access or deployment failures at implant in the full study cohort. Through 30 days, data showed low rates of peri-operative mortality at 2.3 percent and secondary procedures at 2.3 percent. The rate of Type Ia endoleaks was 1.2 percent at one-month imaging follow-up.

"In just a few short weeks, we have achieved significant momentum with Valiant Navion - obtaining both FDA and CE Mark approvals," said John Farquhar, vice president and general manager of the Aortic business, which is part of the Cardiac and Vascular Group at Medtronic. "We're proud to introduce the Valiant Navion system in Europe and believe in its potential to expand treatment options for physicians and patients with thoracic aortic disease."

In collaboration with leading clinicians, researchers, and scientists worldwide, Medtronic offers the broadest range of innovative medical technology for the interventional and surgical treatment of cardiovascular disease and cardiac arrhythmias. The company strives to offer products and services of the highest quality that deliver clinical and economic value to healthcare consumers and providers around the world.

*About Medtronic*
Medtronic plc (www.medtronic.com), headquartered in Dublin, Ireland, is among the world's largest medical technology, services and solutions companies - alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 86,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together.

*Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.*

-end-

*1 Deery SE et al. Female sex independently predicts mortality after thoracic endovascular aortic repair for intact descending thoracic aortic aneurysms. J Vasc Surg. 2017 Jul;66(1):2-8. doi: 10.1016/j.jvs.2016.12.103.*

Contacts:
Julia Baron Fuller
Public Relations
+1-858-692-2001

Ryan Weispfenning
Investor Relations
+1-763-505-4626 Reported by GlobeNewswire 17 minutes ago.

VT Garment Chooses Centric PLM, Marking Centric Software's Thailand Debut

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Leading sportswear and outerwear designer and manufacturer selects Centric PLM

CAMPBELL, Calif. (PRWEB) November 13, 2018

VT Garment, an outdoor and sports apparel manufacturer in Thailand, has selected Centric Software’s Product Lifecycle Management (PLM) solution. Centric Software provides the most innovative enterprise solutions to fashion, retail, footwear, outdoor, luxury and consumer goods companies to achieve strategic and operational digital transformation goals.

A leader in Thailand’s innovative textile manufacturing processes since its start in 1981, sportswear and outerwear designer and manufacturer VT Garment is trusted by renowned names such as Patagonia, Jack Wolfskin, Montbell, Adidas and many other brands from the United States and Europe. The company produces approximately 182,000 units of functional clothes, jackets, ski wear, jogging suits, shorts, vests and other apparel per month in its Thailand and Myanmar facilities. In addition to its award-winning quality and craftsmanship, VT Garment takes pride being one of the largest manufacturers in the world to have earned Fair Trade certification.

Like many manufacturers, VT Garment began looking for a PLM solution in response to increasing pressure to speed time to market without compromising on quality.

“We had long lead times during our development processes, which was a major challenge,” explains Mingkwan Lotharukpong, Product Development Division Manager at VT Garment. “There was too much emphasis on process, rather than products. We wanted a PLM solution to achieve one single source of truth across our operations, remove data duplication, reduce the time spent organizing data to free up resources for action and gain visibility into timelines and activities across the whole organization.”

VT Garment considered several options, but after making contact with Centric Software, they selected Centric 8 PLM.

As Lotharukpong says, “Centric has many references from previous implementations and experienced consultants who understand the apparel business. They offer an out-of-the-box solution with minimal customization and the user interface resembles an Excel format, which is familiar to our teams.”

“We expect to fluidify communication between departments and make users’ lives easier,” says Lotharukpong. “Implementing Centric PLM will shorten lead times, align internal processes and help us to clearly communicate expectations so we can focus more on product.”

“The Centric team is professional to work with and there’s a positive energy between Centric and VT Garment,” concludes Lotharukpong. “We know we have the support of Centric.”

“We are delighted to announce that VT Garment will be our first partner in Thailand,” says Chris Groves, President and CEO of Centric Software. “VT Garment is an exemplary OEM/ODM company that leads the way in manufacturing with a commitment to innovation, quality and sustainability. We look forward to partnering with them as they streamline operations and set the foundation for future growth.”

VT Garment (http://www.vtgarment.com)
Sportswear and outerwear designer and manufacturer VT Garment takes pride in something bigger than its award-winning quality and craftsmanship. It is one of the biggest factories worldwide with the Fair Trade certification and Fair Labor Association membership – advocating better wages and working conditions, local sustainability, environmental protection and overall fair trade.

A leader in Thailand’s innovative textile manufacturing processes since it began in 1981, it has successfully implemented company-wide enterprise resource planning solutions, and adopted Industry 4.0-driven digitalisation and manufacturing execution system – allowing machine connectivity and real-time productivity monitoring. Such conscientiousness was recognised by Thailand Lean Award 2017, which conferred VT Garment the prestigious Golden Award as a testament to its commitment to innovation and efficiency through lean management – besting not only competitors in the garment segment, but other industry leaders as well.

VT Garment is trusted by renowned names including Patagonia, Jack Wolfskin, Montbell, Adidas and other big and small brands in the United States and Europe. It produces up to 182,000 functional clothes, jackets, ski wear, jogging suits, shorts, vests and other apparel per month in its Thailand and Myanmar facilities.

Centric Software (http://www.centricsoftware.com)
From its headquarters in Silicon Valley and offices in trend capitals around the world, Centric Software provides a Digital Transformation Platform for the most prestigious names in fashion, retail, footwear, luxury, outdoor and consumer goods. Centric Visual Innovation Platform (VIP) is a visual, fully digital collection of boards for touch-based devices like iPad, iPhone and large-scale, touch-screen televisions. Centric VIP transforms decision making and automates execution to truly collapse time to market and distance to trend. Centric’s flagship product lifecycle management (PLM) platform, Centric 8, delivers enterprise-class merchandise planning, product development, sourcing, business planning, quality, and collection management functionality tailored for fast-moving consumer industries. Centric SMB packages extended PLM including innovative technology and key industry learnings tailored for small businesses.

Centric Software has received multiple industry awards, including the Frost & Sullivan Product Leadership Award in Retail, Fashion, and Consumer Goods in 2018 and Frost & Sullivan’s Global Retail, Fashion, and Apparel PLM Product Differentiation Excellence Award in 2016 and 2012. Red Herring named Centric to its Top 100 Global list in 2013, 2015, and 2016.

Centric is a registered trademark of Centric Software. All other brands and product names may be trademarks of their respective owners.
(end)

Media Contacts:
Centric Software
Americas: Jennifer Forsythe, jforsythe(at)centricsoftware.com
Europe: Kristen Salaun Batby, ksalaun-batby(at)centricsoftware.com
Asia: Lily Dong, lily.dong(at)centricsoftware.com Reported by PRWeb 13 minutes ago.

What does Brexit mean for the fight against cybercrime?

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What does Brexit mean for the fight against cybercrime? In less than five months, Britain will leave the European Union. Although the referendum debate gravitated to a few small areas, like immigration and trade policy, the reality is that Brexit has much broader implications. Take, for example, law enforcement. Thanks to the institutions of the EU, Europe’s police forces are able to seamlessly co-operate on investigations, and extradite suspects from one nation to another. But what will happen after March 29, 2019? At CyberSecurity Connect UK, which took place last week in Monaco, TNW spoke to Peter Goodman, Chief Constable of Derbyshire Police. During our chat, we talked about…

This story continues at The Next Web Reported by The Next Web 12 minutes ago.

LogMeIn Names Marc van Zadelhoff as Chief Operating Officer

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*Former IBM executive joins SaaS leader to drive growth in UCC, Identity and Digital Engagement markets*

BOSTON, Nov. 13, 2018 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (Nasdaq:LOGM) has named Marc van Zadelhoff as its new Chief Operating Officer (COO) – a new role that will lead all customer-facing operations across LogMeIn’s entire $1.2 billion portfolio, including sales, marketing and care, with these functional groups now reporting directly into Van Zadelhoff.

He joins LogMeIn from IBM, where he was the General Manager (GM) for IBM Security, an IBM Business Unit, comprising the technology giant’s entire global security portfolio and thousands of employees – a business he helped to start at IBM and one that is now amongst the largest in the cybersecurity market. Prior to that, Van Zadelhoff served IBM in a number of key strategic, product management and marketing leadership roles. He was a member of the executive team of Dutch-based Consul before it was sold to IBM in 2007 and spent the rest of his pre-IBM years in IT venture capital and strategy consulting.

“Marc is an accomplished and proven leader with a strong track record of running high scale businesses,” said Bill Wagner, President and CEO of LogMeIn. “His reputation as a leading thinker in cybersecurity, along with his experience in building strong, cohesive go-to-market strategies that bridge broad, complementary portfolios – specifically in high-growth markets -- will be invaluable as we look to LogMeIn’s next chapter of growth.”

Marc van Zadelhoff joins LogMeIn as the company gains momentum with its longer-term growth strategy, leveraging its leadership position in its core markets, large customer base, and overall scale to expand into larger, faster-growing Unified Communications & Collaboration (UCC), Identity and Access Management (IAM), and Digital Engagement markets.

“LogMeIn has earned an enviable leadership position with market-defining brands, great technology and strong footholds in three of the fastest growing addressable markets in all of technology,” said Marc van Zadelhoff, COO of LogMeIn. “With millions of daily active users and an extremely large customer base, the company has its finger on the pulse of the biggest challenges facing the modern workforce. It’s a rare and unique combination that we can use to not only redefine our markets, but perhaps more importantly, look to solve an increasing number of our customers most pressing needs.”

*About LogMeIn, Inc.*
LogMeIn, Inc. (Nasdaq:LOGM) simplifies how people connect with each other and the world around them to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses. One of the world’s top 10 public SaaS companies, and a market leader in communication & conferencing, identity & access, and customer engagement & support solutions, LogMeIn has millions of customers spanning virtually every country across the globe. LogMeIn is headquartered in Boston with additional locations in North and South America, Europe, Asia and Australia.

*Investors:*
Rob Bradley
781-897-1301
rbradley@logmein.com

*Media:*
Craig VerColen
617-279-2443
press@logmein.com Reported by GlobeNewswire 6 minutes ago.

Computer Modelling Group Announces Second Quarter Results

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CALGARY, Alberta, Nov. 14, 2018 (GLOBE NEWSWIRE) -- Computer Modelling Group Ltd. (“CMG” or the “Company”) announces its financial results for the three and six months ended September 30, 2018.**Quarterly Performance**

  Fiscal 2017^(1) Fiscal 2018^(1) *Fiscal 2019*
($ thousands, unless otherwise stated) Q3   Q4   Q1   Q2   Q3   Q4   Q1   *Q2*
                              * *
Annuity/maintenance licenses 18,378   14,613   16,516   16,341   16,158   15,664   14,715   *  **15,111 *
Perpetual licenses 835   3,036   1,078   290   743   2,053   326   *  **1,172 *
Software licenses 19,213   17,649   17,594   16,631   16,901   17,717   15,041   *  **16,283 *
Professional services 1,082   1,409   1,392   1,350   1,418   1,677   1,664   *  **1,658 *
Total revenue 20,295   19,058   18,986   17,981   18,319   19,394   16,705   *  **17,941 *
Operating profit 9,811   7,630   6,978   6,615   6,908   7,529   5,374   *  **7,024 *
Operating profit (%) 48   40   37   37   38   39   32   *  **39 *
EBITDA^(2) 10,081   7,867   7,447   7,090   7,400   8,090   5,837   *  **7,505 *
Profit before income and other taxes 10,176   7,685   6,930   6,253   7,151   8,547   5,980   *  **7,104 *
Income and other taxes 2,917   2,480   1,973   1,647   2,054   2,401   1,722   *  **2,048 *
Net income for the period 7,259   5,205   4,957   4,606   5,097   6,146   4,258   *  **5,056 *
Cash dividends declared and paid 7,930   7,942   7,977   8,021   8,022   8,021   8,021   *  **8,024 *
Funds flow from operations^(3) 8,084   6,085   6,205   5,788   6,225   7,285   5,242   *  **5,777 *
Per share amounts - ($/share)                             * *
Earnings per share - basic 0.09   0.07   0.06   0.06   0.06   0.08   0.05   *  **0.06 *
Earnings per share - diluted 0.09   0.07   0.06   0.06   0.06   0.08   0.05   *  **0.06 *
Cash dividends declared and paid 0.10   0.10   0.10   0.10   0.10   0.10   0.10   *  **0.10 *
Funds flow from operations per share - basic^(3) 0.10   0.08   0.08   0.07   0.08   0.09   0.07   *  **0.07 *

(1)  On April 1, 2018, the Company adopted IFRS 15 Revenue from Contracts with Customers using the cumulative effect method, by recognizing the cumulative effect of initially applying IFRS 15 as an adjustment to the opening balance of equity at April 1, 2018. Accordingly, comparative information is not restated and continues to be reported under the previous standard.
(2)  EBITDA is a non-IFRS financial measure defined as net income before adjusting for depreciation expense, finance income, finance costs, and income and other taxes. See “Non-IFRS Financial Measures”.
(3)  Funds flow from operations is a non-IFRS financial measure that represents net income adjusted for depreciation expense, non-cash stock-based compensation expense, deferred tax expense (recovery) and deferred rent. See “Non-IFRS Financial Measures”.

**Highlights**

During the six months ended September 30, 2018, as compared to the same period of the previous fiscal year, CMG:

· Experienced a 9% decrease in annuity/maintenance license revenue as a result of timing differences of revenue recognition on certain contracts and a change in accounting policy. If normalized for these items, annuity/maintenance license revenue grew by a low single-digit percentage;
· Increased perpetual license revenue by 10%, supported by strong perpetual sales in the second quarter;
· Experienced a 5% decrease in total operating expenses, mainly due to the fact that the comparative period included $0.6 million of non-recurring charges related to the move to the new headquarters.

During the six months ended September 30, 2018, CMG:

· Realized basic earnings per share of $0.12;
· Declared and paid a regular dividend of $0.20 per share.

**Revenue**

Three months ended September 30, *2018*   2017   $ change   % change  
($ thousands) * *              
  * *              
Software license revenue *  **16,283 *   16,631   (348 ) -2 %
Professional services *  **1,658 *   1,350   308   23 %
Total revenue *  **17,941 *   17,981   (40 ) %
  * *              
Software license revenue as a % of total revenue *91* *%* 92 %        
Professional services as a % of total revenue *9* *%* 8 %        
                 
                 
Six months ended September 30, *2018*   2017   $ change   % change  
($ thousands) * *              
  * *              
Software license revenue *  **31,324 *   34,225   (2,901 ) -8 %
Professional services *  **3,322 *   2,742   580   21 %
Total revenue *  **34,646 *   36,967   (2,321 ) -6 %
  * *              
Software license revenue as a % of total revenue *90* *%* 93 %        
Professional services as a % of total revenue *10* *%* 7 %        
                 

CMG’s revenue is comprised of software license sales, which provide the majority of the Company’s revenue, and fees for professional services.On April 1, 2018, the Company adopted IFRS 15 Revenue from Contracts with Customers using the cumulative effect method, by recognizing the cumulative effect of initially applying IFRS 15 as an adjustment to the opening balance of equity at April 1, 2018. The Company recorded an increase to retained earnings of $0.7 million ($0.5 million net of tax), on April 1, 2018, due to earlier recognition of revenue on certain term-based software licenses. Under the cumulative effect method, comparative information is not restated and continues to be reported under the previous standard, IAS 18 Revenue. For more information, refer to note 3 of the Company’s condensed consolidated interim financial statements.

Total revenue for the three months ended September 30, 2018 remained flat compared to the same period of the previous fiscal year, due to a decrease in software license revenue offset by an increase in professional services revenue. Total revenue for the six months ended September 30, 2018 decreased by 6% compared to the same period of the previous fiscal year, as a decrease in software license revenue was partially offset by an increase in professional services revenue.

The adoption of IFRS 15 and the resultant early revenue recognition through opening equity had a negative impact of $0.2 million and $0.4 million on software license revenue for the three and six months ended September 30, 2018, respectively. The remainder of the decrease was due to the timing of revenue recognition on certain contracts.

*Software License Revenue*

Three months ended September 30, *2018*   2017   $ change   % change  
($ thousands) * *              
  * *              
Annuity/maintenance license revenue *  **15,111 *   16,341   (1,230 ) -8 %
Perpetual license revenue *  **1,172 *   290   882   304 %
Total software license revenue *  **16,283 *   16,631   (348 ) -2 %
  * *              
Annuity/maintenance as a % of total software license revenue *93* *%* 98 %        
Perpetual as a % of total software license revenue *7* *%* 2 %        
                 
                 
Six months ended September 30, *2018*   2017   $ change   % change  
($ thousands) * *              
  * *              
Annuity/maintenance license revenue *  **29,826 *   32,857   (3,031 ) -9 %
Perpetual license revenue *  **1,498 *   1,368   130   10 %
Total software license revenue *  **31,324 *   34,225   (2,901 ) -8 %
  * *              
Annuity/maintenance as a % of total software license revenue *95* *%* 96 %        
Perpetual as a % of total software license revenue *5* *%* 4 %        
                 

Total software license revenue for the three and six months ended September 30, 2018 decreased by 2% and 8%, compared to the same periods of the previous fiscal year, due to decreases in annuity/maintenance license revenue.CMG’s annuity/maintenance license revenue decreased by 8% and 9% during the three and six months ended September 30, 2018, compared to the same periods of the previous fiscal year, due to a decrease in Canada, as well as decreases in South America and the Eastern Hemisphere, which were caused mainly by the timing of revenue recognition on certain contracts. These decreases were partially offset by an increase in the United States.

Our annuity/maintenance license revenue can be significantly impacted by the variability of the amounts recorded from a long-standing customer and its affiliates for whom revenue recognition criteria are fulfilled only at the time of the receipt of funds. Due to the economic conditions in the country where this customer and its affiliates are located, revenue from them will continue to be recognized on a cash basis. The timing of such payments may skew the comparison of annuity/maintenance license revenue between periods. We received payments from these customers in the first and second quarters of the previous fiscal year, but none in the current year. Normalized for these receipts, annuity/maintenance license revenue for the three and six months ended September 30, 2018 decreased by 2% and 4%, respectively, instead of decreasing by 8% and 9%, compared to the same periods of the previous fiscal year.

These normalized decreases of 2% and 4% were due to the timing of revenue recognition on certain contracts in the Eastern Hemisphere, as well as the negative impact of IFRS 15 adoption. Overall, when normalized for the receipts recognized into revenue on a cash basis, the timing differences on certain contracts and the impact of IFRS 15 adoption, annuity/maintenance license revenue for the three and six months ended September 30, 2018 grew by a low single-digit percentage. In addition, the movement in the CAD/USD exchange rate had a negative impact of approximately 2% and 3% on annuity/maintenance license revenue for the three and six months ended September 30, 2018, respectively.

Perpetual license revenue increased in the three and six months ended September 30, 2018, compared to the same periods of the previous fiscal year, as there were more perpetual sales realized in the Eastern Hemisphere and Canada. Software licensing under perpetual sales may fluctuate significantly between periods due to the uncertainty associated with the timing and the location where sales are generated. For this reason, even though we expect to achieve a certain level of aggregate perpetual sales on an annual basis, we expect to observe fluctuations in the quarterly perpetual revenue amounts throughout the fiscal year.

*Software Revenue by Geographic Segment*

Three months ended September 30, *2018* 2017 $ change   % change  
($ thousands) * *          
*Annuity/m**aintenance license revenue* * *          
Canada *  **3,792 * 4,462 (670 ) -15 %
United States *  **4,626 * 4,466 160   4 %
South America *  **1,732 * 2,412 (680 ) -28 %
Eastern Hemisphere^(1) *  **4,961 * 5,001 (40 ) -1 %
  *  **15,111 * 16,341 (1,230 ) -8 %
*Perpetual l**icense revenue* * *          
Canada *  **156 * - 156   100 %
United States *  **152 * 129 23   18 %
South America *  **-**  * 62 (62 ) -100 %
Eastern Hemisphere *  **864 * 99 765   773 %
  *  **1,172 * 290 882   304 %
*Total softw**are license revenue* * *          
Canada *  **3,948 * 4,462 (514 ) -12 %
United States *  **4,778 * 4,595 183   4 %
South America *  **1,732 * 2,474 (742 ) -30 %
Eastern Hemisphere *  **5,825 * 5,100 725   14 %
  *16,283* 16,631 (348 )  -2 % 
             
             
Six months ended September 30, *2018* 2017 $ change   % change  
($ thousands) * *          
*Annuity/m**aintenance license revenue* * *          
Canada *  **7,659 * 8,626 (967 ) -11 %
United States *  **9,179 * 9,057 122   1 %
South America *  **3,413 * 4,745 (1,332 ) -28 %
Eastern Hemisphere^(1) *  **9,575 * 10,429 (854 ) -8 %
  *  **29,826 * 32,857 (3,031 ) -9 %
*Perpetual l**icense revenue* * *          
Canada *  **156 * - 156   100 %
United States *  **152 * 155 (3 ) -2 %
South America *  **-**  * 220 (220 ) -100 %
Eastern Hemisphere *  **1,190 * 993 197   20 %
  *  **1,498 * 1,368 130   10 %
*Total softw**are license revenue* * *          
Canada *  **7,815 * 8,626 (811 ) -9 %
United States *  **9,331 * 9,212 119   1 %
South America *  **3,413 * 4,965 (1,552 ) -31 %
Eastern Hemisphere *  **10,765 * 11,422 (657 ) -6 %
  *  **31,324 * 34,225 (2,901 ) -8 %

(1)  Includes Europe, Africa, Asia and Australia.During the three months ended September 30, 2018, as compared to the same period of the previous fiscal year, Canada and South America experienced a decrease in total software license revenue, which were partially offset by increases in the Eastern Hemisphere and the United States.

During the six months ended September 30, 2018, as compared to the same period of the previous fiscal year, three regions experienced a decrease in total software license revenue, and revenue in the United States increased.

The Canadian market (representing 25% of year-to-date software license revenue) experienced 15% and 11% decreases in annuity/maintenance license revenue during the three and six months ended September 30, 2018, respectively, compared to the same periods of the previous fiscal year, due to a reduction in licensing by some customers. Perpetual revenue increased in the current period, as there were no perpetual sales recognized in the comparative period.

The United States market (representing 30% of year-to-date software license revenue) experienced 4% and 1% increases in annuity/maintenance license revenue during the three and six months ended September 30, 2018, compared to the same periods of the previous fiscal year, despite the negative impact of IFRS 15 adoption. These increases are mainly a result of increased licensing by new and existing customers involved in unconventional shale and tight hydrocarbon recovery processes. Perpetual sales during the three and six months ended September 30, 2018 were consistent with the comparative periods.

South America (representing 11% of year-to-date software license revenue) experienced a decrease of 28% in annuity/maintenance license revenue during the three and six months ended September 30, 2018, compared to the same periods of the previous fiscal year. Our revenue in South America can be significantly impacted by the variability of the amounts recorded from a customer and its affiliates for whom revenue is recognized only when cash is received. We received payments from these customers in the first and second quarters of the previous fiscal year, but none were received in the current year. To provide a normalized comparison, if we remove the revenue from this particular customer from the three and six months ended September 30, 2017, we note that the South American annuity/maintenance license revenue increased by 13% and 12% for the three and six months ended September 30, 2018, respectively, instead of decreasing by 28%. No perpetual sales were realized in South America during the three and six months ended September 30, 2018.

The Eastern Hemisphere (representing 34% of year-to-date software license revenue) experienced 1% and 8% decreases in annuity/maintenance license revenue during the three and six months ended September 30, 2018, compared to the same periods of the previous fiscal year, mainly due to differences in the timing of revenue recognition on certain contracts, particularly during the first quarter of the current fiscal year. The Eastern Hemisphere’s perpetual license revenue for the three and six months ended September 30, 2018 was significantly higher than the same periods of the previous fiscal year, as a result of several perpetual sales realized during the second quarter of the current fiscal year.

*Deferred Revenue* 

  *Fiscal*   Fiscal   Fiscal          
  *2019*   2018   2017   $ change   % change  
($ thousands)                    
Deferred revenue at:                    
Q1 (June 30) *  **29,350* ^*(5)* 31,551 ^(2)     (2,201 ) -7 %
Q2 (September 30) *  **23,222 * ^*(6)* 23,686 ^(3)     (464 ) -2 %
Q3 (December 31)     17,785   18,916   (1,131 ) -6 %
Q4 (March 31)   * * 34,362 ^(4) 38,232 ^(1) (3,870 ) -10 %

(1)  Includes current deferred revenue of $36.3 million and long-term deferred revenue of $1.9 million.
(2)  Includes current deferred revenue of $30.3 million and long-term deferred revenue of $1.3 million.
(3)  Includes current deferred revenue of $23.0 million and long-term deferred revenue of $0.6 million.
(4)  Includes current deferred revenue of $33.4 million and long-term deferred revenue of $1.0 million.
(5)  Includes current deferred revenue of $28.8 million and long-term deferred revenue of $0.6 million.
(6)  Includes current deferred revenue of $22.9 million and long-term deferred revenue of $0.3 million.

CMG’s deferred revenue consists primarily of amounts for pre-sold licenses. With the exception of certain term-based software licenses that are recognized at the start of the license period, our annuity/maintenance revenue is deferred and recognized ratably over the license period, which is generally one year or less. Amounts are deferred for licenses that have been provided and revenue recognition reflects the passage of time.

The above table illustrates the normal trend in the deferred revenue balance from the beginning of the calendar year (which corresponds with Q4 of our fiscal year), when most renewals occur, to the end of the calendar year (which corresponds with Q3 of our fiscal year). Our fourth quarter corresponds with the beginning of the fiscal year for most oil and gas companies, representing a time when they enter a new budget year and sign/renew their contracts.

Deferred revenue as at Q2 of fiscal 2019 decreased by 2% compared to Q2 of fiscal 2018, primarily due to one significant multi-year contract that commenced during Q4 of fiscal 2017 and included a large upfront payment for future software use and lower payments during the remainder of the contract period.

**Expenses**

Three months ended September 30, *2018* 2017  $ change     % change   
($ thousands) * *          
  * *          
Sales, marketing and professional services *  **4,378 *   4,779   (401 ) -8 %
Research and development  *  **4,862 *   4,865   (3 ) %
General and administrative *  **1,677 *   1,722   (45 ) -3 %
Total operating expenses *  **10,917 *   11,366   (449 ) -4 %
  * *          
Direct employee costs^(1) *  **7,802 *   8,268   (466 ) -6 %
Other corporate costs *  **3,115 *   3,098   17   1 %
  *  **10,917 *   11,366   (449 ) -4 %
             
             
Six months ended September 30, *2018* 2017  $ change     % change   
($ thousands) * *          
  * *          
Sales, marketing and professional services *  **9,365 *   9,696   (331 ) -3 %
Research and development  *  **9,637 *   10,172   (535 ) -5 %
General and administrative *  **3,246 *   3,506   (260 ) -7 %
Total operating expenses *  **22,248 *   23,374   (1,126 ) -5 %
  * *          
Direct employee costs^(1) *  **16,517 *   16,771   (254 ) -2 %
Other corporate costs *  **5,731 *   6,603   (872 ) -13 %
  *  **22,248 *   23,374   (1,126 ) -5 %

(1)  Includes salaries, bonuses, stock-based compensation, benefits, commissions, and professional development. See “Non-IFRS Financial Measures”.             
CMG’s total operating expenses decreased by 4% and 5% for the three and six months ended September 30, 2018, respectively, compared to the same periods of the previous fiscal year. The decrease for the three-month period was due to lower direct employee costs and the decrease for the six-month period was due to decreases in both direct employees costs and other corporate costs.

*Direct Employee Costs *

As a technology company, CMG’s largest area of expenditure is its people. Approximately 74% of total operating expenses for the six months ended September 30, 2018 related to direct employee costs. Staffing levels in the current fiscal year were slightly lower compared to the previous fiscal year. At September 30, 2018, CMG’s full-time equivalent staff complement was 191 employees and consultants, down from 196 full-time equivalent employees and consultants at September 30, 2017. Direct employee costs decreased during the three months ended September 30, 2018, compared to the same period of the previous fiscal year, due to a decrease in stock-based compensation expense. Direct employee costs decreased during the six months ended September 30, 2018, compared to the same period of the previous fiscal year, mainly due to a lower headcount.

*Other Corporate Costs*

Other corporate costs for the three months ended September 30, 2018 remained consistent with the same period of the previous fiscal year. Other corporate costs for the six months ended September 30, 2018 decreased by 13% compared to the same period of the previous fiscal year, mainly because the comparative period included $0.6 million of non-recurring charges related to the move to the new headquarters.

**Outlook **

During the current quarter our total revenue was comparable to the same quarter of the previous year as a result of strong perpetual license sales and an increase in consulting activities, which offset a decrease in annuity and maintenance revenue. Current quarter’s operating profit and net income increased by 6% and 10%, respectively, compared to the same quarter of the previous year, mainly as a result of reduced expenses.

The current quarter and year-to-date annuity and maintenance revenue continued to be negatively affected mainly by the timing differences of revenue recognition on certain contracts in South America and the Eastern Hemisphere and the change in accounting policy affecting the United States, contributing to a decrease in annuity and maintenance revenue of 8% and 9%, respectively. If normalized for those items, annuity and maintenance revenue experienced low single-digit growth on a world-wide basis. On a regional basis:

· Canadian annuity and maintenance revenue continued to be under pressure both during the quarter and on a year-to-date basis as a result of economic uncertainty that has affected the region over the past number of years. While the instability of the market appears to have lessened, we are going to focus on demonstrating to customers the value of our simulation tools for optimizing their production particularly during challenging times. In addition, we will continue working with customers entering exploration and development of Canada’s unconventional hydrocarbon resources.
· The United States region continues to benefit from strong activity by unconventional customers, and while we achieved growth both in the current quarter and year to date, the results in the region were negatively affected by a change in revenue recognition accounting policy and the movement in the CAD/USD exchange rate. We are positively encouraged by the activity in the region and will continue to strengthen our presence by promoting our unconventional modelling workflows.
· South America grew by 13% during the quarter (12% year to date) after normalizing for payments from a customer for whom revenue is recognized only when cash is received, thus skewing the comparison between the periods.
· Eastern Hemisphere annuity and maintenance revenue for the current quarter was comparable to the same period of the previous year, while declining on a year-to-date basis. Both periods – and the first quarter of the current fiscal year in particular – have been negatively affected by revenue recognition on contracts for usage of our products in prior quarters. Normalizing for these items, annuity and maintenance revenue grew by a low single-digit percentage in both periods. The Eastern Hemisphere was also negatively affected by the movement in foreign exchange.

We continue to be optimistic about the additions we have made to our customer base throughout fiscal 2018 and into the first half of fiscal 2019, which contributed to low single-digit growth in year-to-date annuity/maintenance license revenue after normalizing for the items described above. In particular, we are optimistic about the US market, where we continue to work with both existing and new customers on modelling workflows for unconventional assets. In all regions, we continue to demonstrate to customers the importance of reservoir simulation as a value creation tool for their enterprises, especially in times of economic and regulatory uncertainty.

CMG’s year-to-date total operating expenses decreased by 5%, due mainly to the fact that the comparative period included $0.6 million of non-recurring charges related to the move to the new headquarters. The remaining decrease was due to lower employee and head office costs.

We continue our efforts in marketing and trial modelling of CoFlow, our newest product that will provide a one-vendor solution for integrated asset modelling by combining reservoir, production networks and geomechanics in one environment. We continue identifying potential customers and performing trial modelling for them while Shell is deploying and using the software on its selected assets. The CoFlow team continues to work on feature development and performance improvement.

We ended the second quarter of 2019 with a strong balance sheet, no debt and $52.3 million in cash. Subsequent to quarter end, CMG’s Board of Directors declared a quarterly dividend of $0.10 per share.

For further detail on the results, please refer to CMG’s Management Discussion and Analysis and Condensed Consolidated Financial Statements, which are available on SEDAR at www.sedar.com or on CMG’s website at www.cmgl.ca.

*Forward-looking Information*

Certain information included in this press release is forward-looking. Forward-looking information includes statements that are not statements of historical fact and which address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as investment objectives and strategy, the development plans and status of the Company’s software development projects, the Company’s intentions, results of operations, levels of activity, future capital and other expenditures (including the amount, nature and sources of funding thereof), business prospects and opportunities, research and development timetable, and future growth and performance. When used in this press release, statements to the effect that the Company or its management “believes”, “expects”, “expected”, “plans”, “may”, “will”, “projects”, “anticipates”, “estimates”, “would”, “could”, “should”, “endeavours”, “seeks”, “predicts” or “intends” or similar statements, including “potential”, “opportunity”, “target” or other variations thereof that are not statements of historical fact should be construed as forward-looking information. These statements reflect management’s current beliefs with respect to future events and are based on information currently available to management of the Company. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon.

*Non-IFRS Financial Measures*

This press release includes certain measures which have not been prepared in accordance with IFRS such as “EBITDA”, “direct employee costs” and “other corporate costs.” Since these measures do not have a standard meaning prescribed by IFRS, they are unlikely to be comparable to similar measures presented by other issuers. Management believes that these indicators nevertheless provide useful measures in evaluating the Company’s performance.

“Direct employee costs” include salaries, bonuses, stock-based compensation, benefits, commission expenses, and professional development. “Other corporate costs” include facility-related expenses, corporate reporting, professional services, marketing and promotion, computer expenses, travel, and other office-related expenses. Direct employee costs and other corporate costs should not be considered an alternative to total operating expenses as determined in accordance with IFRS. People-related costs represent the Company’s largest area of expenditure; hence, management considers highlighting separately corporate and people-related costs to be important in evaluating the quantitative impact of cost management of these two major expenditure pools.

“EBITDA” refers to net income before adjusting for depreciation expense, finance income, finance costs, and income and other taxes. EBITDA should not be construed as an alternative to net income as determined by IFRS. The Company believes that EBITDA is useful supplemental information as it provides an indication of the results generated by the Company’s main business activities prior to consideration of how those activities are amortized, financed or taxed.

“Funds flow from operations” is a non-IFRS financial measure that represents net income adjusted for certain non-cash items, such as depreciation expense, non-cash stock-based compensation expense, deferred tax expense (recovery) and deferred rent. The Company considers funds flow from operations a useful measure as it represents the cash generated during the period, regardless of the timing of collection of receivables and payment of payables, and demonstrates the Company’s ability to generate the cash flow necessary to fund future growth and dividend payments. Funds flow from operations may not be comparable to similar measures presented by other companies.

**Corporate Profile**

CMG is a computer software technology company serving the oil and gas industry. The Company is a leading supplier of advanced process reservoir modelling software with a blue chip customer base of international oil companies and technology centers in approximately 60 countries. The Company also provides professional services consisting of highly specialized support, consulting, training, and contract research activities. CMG has sales and technical support services based in Calgary, Houston, London, Dubai, Bogota and Kuala Lumpur. CMG’s Common Shares are listed on the Toronto Stock Exchange (“TSX”) and trade under the symbol “CMG”.
*Condensed Consolidated Statements of Financial Position*

UNAUDITED (thousands of Canadian $) *September 30, 2018*   March 31, 2018*  
         
*Assets* * *      
Current assets: * *      
Cash *  **52,271 *   63,719  
Trade and other receivables *  **10,104 *   16,272  
Prepaid expenses *  **1,274 *   1,415  
Prepaid income taxes *  **387 *   -  
  *  **64,036 *   81,406  
Property and equipment *  **15,181 *   16,062  
Deferred tax asset *  **704 *   522  
*Total asset**s* *  **79,921 *   97,990  
  * *      
*Liabilities **and shareholders’ equity* * *      
Current liabilities: * *      
Trade payables and accrued liabilities *  **5,048 *   6,550  
Income taxes payable *  **11 *   126  
Deferred revenue *  **22,940 *   33,360  
  *  **27,999 *   40,036  
Deferred revenue *  **282 *   1,002  
Deferred rent liability *  **1,600 *   1,388  
Total liabilities *  **29,881 *   42,426  
  * *      
Shareholders’ equity: * *      
Share capital *  **79,711 *   79,598  
Contributed surplus *  **12,369 *   11,775  
Deficit *  **(42,040* *)* (35,809 )
Total shareholders' equity *  **50,040 *   55,564  
*Total liabili**ties and shareholders' equity* *  **79,921 *   97,990  
     

* The Company adopted IFRS 15 effective April 1, 2018 using the cumulative effect method. Under this method, comparative information is not restated.
See note 3 of the Company’s condensed consolidated interim financial statements.
*Condensed Consolidated Statements of Operations and **Comprehensive Income*

  Three months ended
September 30    Six months ended
September 30   
UNAUDITED (thousands of Canadian $ except per share amounts) *2018*   2017*   *2018* 2017*  
  * *       * *    
*Revenue* *  **17,941 *     17,981   *  **34,646 *   36,967  
* * * *       * *    
*Operating **expenses* * *       * *    
  Sales, marketing and professional services *  **4,378 *     4,779   *  **9,365 *   9,696  
  Research and development *  **4,862 *     4,865   *  **9,637 *   10,172  
  General and administrative *  **1,677 *     1,722   *  **3,246 *   3,506  
  *  **10,917 *     11,366   *  **22,248 *   23,374  
*Operating **profit* *  **7,024 *     6,615   *  **12,398 *   13,593  
* * * *       * *    
Finance income *  **312 *     218   *  **686 *   420  
Finance costs *  **(232* *)*   (580 ) *  **- *   (830 )
*Profit befo**re income and other taxes* *  **7,104 *     6,253   *  **13,084 *   13,183  
Income and other taxes *  **2,048 *     1,647   *  **3,770 *   3,620  
  * *       * *    
*Net and tot**al comprehensive income* *  **5,056 *     4,606   *  **9,314 *   9,563  
  * *       * *    
*Earnings P**er Share* * *       * *    
Basic *  **0.06 *     0.06   *  **0.12 *   0.12  
Diluted *  **0.06 *     0.06   *  **0.12 *   0.12  

* The Company adopted IFRS 15 effective April 1, 2018 using the cumulative effect method. Under this method, comparative information is not restated.
See note 3 of the Company’s condensed consolidated interim financial statements.
*Condensed Consolidated Statements of Cash Flows*

  Three months ended
September 30   Six months ended
September 30  

UNAUDITED (thousands of Canadian $) *2018*   2017*   *2018*   2017*  
  * *       * *      
*Operating **activities* * *       * *      
Net income *  **5,056 *   4,606   *  **9,314 *   9,563  
Adjustments for: * *       * *      
Depreciation *  **481 *   475   *  **944 *   944  
Income and other taxes *  **2,048 *   1,647   *  **3,770 *   3,620  
Stock-based compensation *  **(29* *)* 530   *  **732 *   994  
Interest income *  **(312* *)* (218 ) *  **(615* *)* (420 )
Deferred rent *  **106 *   347   *  **212 *   1,175  
  *  **7,350 *   7,387   *  **14,357 *   15,876  
Changes in non-cash working capital: * *       * *      
Trade and other receivables *  **403 *   (846 ) *  **6,170 *   13,882  
Trade payables and accrued liabilities *  **577 *   112   *  **(1,193* *)* (1,722 )
Prepaid expenses *  **13 *   (307 ) *  **141 *   (1,037 )
Deferred revenue *  **(6,128* *)* (7,865 ) *  **(10,455* *)* (14,546 )
Cash provided by (used in) operating activities *  **2,215 *   (1,519 ) *  **9,020 *   12,453  
Interest received *  **324 *   219   *  **626 *   417  
Income taxes paid *  **(2,262* *)* (2,727 ) *  **(4,653* *)* (5,765 )
*Net cash p**rovided by (used in) operating activities* *  **277 *   (4,027 ) *  **4,993 *   7,105  
  * *       * *      
*Financing **activities* * *       * *      
Proceeds from issue of common shares *  **17 *   2,540   *  **17 *   6,664  
Dividends paid *  **(8,024* *)* (8,021 ) *  **(16,045* *)* (15,998 )
*Net cash u**sed in financing activities* *  **(8,007* *)* (5,481 ) *  **(16,028* *)* (9,334 )
  * *       * *      
*Investing a**ctivities* * *       * *      
Property and equipment additions *  **(80* *)* (416 ) *  **(413* *)* (3,662 )
*Decrease i**n cash* *  **(7,810* *)* (9,924 ) *  **(11,448* *)* (5,891 )
Cash, beginning of period *  **60,081 *   67,272   *  **63,719 *   63,239  
*Cash, end **of period* *  **52,271 *   57,348   *  **52,271 *   57,348  
  * *       * *      

* The Company adopted IFRS 15 effective April 1, 2018 using the cumulative effect method. Under this method, comparative information is not restated.
See note 3 of the Company’s condensed consolidated interim financial statements.

See accompanying notes to condensed consolidated interim financial statements at www.sedar.com.

For further information, please contact:

Ryan N. Schneider
President & CEO
(403) 531-1300
ryan.schneider@cmgl.ca        

or       Sandra Balic
Vice President, Finance & CFO
(403) 531-1300
sandra.balic@cmgl.ca
www.cmgl.ca                

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Global Telecom Managed Services Market to 2024 Featuring Vendors Profiles (Cisco Systems, Huawei Technologies, Ericsson, Fujitsu, ZTE) & Other Players (Tech Mahindra, Comarch, Subex, NCS & Unisys)

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Dublin, Nov. 14, 2018 (GLOBE NEWSWIRE) -- The "Telecom Managed Services Market" report has been added to *ResearchAndMarkets.com's* offering.*T*he global telecom managed services market is expected to reach revenue of $26.03 billion by 2024, growing at a CAGR of around 12.1% during the forecast period.Managed services have now become essential criteria for organizations who primarily want to focus on their core business functions, improve agility, customer service, and reduce costs & complexity. Managed services are much more radical in the present connected world, in which cloud, analytics security, and IoT all play an important role. They enable organizations to get benefits from operational and network transformation. It is estimated that the internal IT costs within organizations can be reduced by almost 30-40% with managed services, while improving efficiency by approximately 50%.

Telecom industry has witnessed extensive growth during the past few years. Telecommunication companies are facing constant pressure to deliver innovative services at lower costs to retain their customers in the competitive market. For addressing a complex competitive environment, managed services have become a widespread demand for operators. Telecom companies, due to lower margins, are focusing on minimizing their costs, maximizing customer satisfaction & loyalty, and thereby generate maximum revenue.

The market is expected to witness a surge in the next few years. The factors such as the continuous need for network optimization & high level of network performance, advancements in technologies such as 5G, SDN, & NFV, rising smartphone usage & BYOD trends, and increasing number of cyber-attacks will further foster the growth of the telecom managed services market during the forecast period.

*Competitive Analysis*

The report covers and analyzes the telecom managed services market. Major vendors across different verticals are planning for high investments in this market, and as a result, the market is expected to grow at an impressive rate in the upcoming years. The key players are adopting various organic as well as inorganic growth strategies such as mergers & acquisitions, collaboration & partnerships, joint ventures, and few other strategies to be in the strong position in the market.

The report contains an in-depth analysis of the vendors profile, which includes financial health, business units, key business priorities, SWOT, strategies, and views. The prominent vendors covered in the report include Cisco Systems, Huawei Technologies, Ericsson, Fujitsu, ZTE, Tech Mahindra, Comarch, Subex, NCS, Unisys, and others. The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D.

Cisco Systems, Huawei Technologies, Ericsson, and Fujitsu are the key players in the telecom managed services market. Cisco has signed a 3-year managed service agreement with Saudi Telecom Company (STC) to transform STC's core network and operations, and prepare it for the digital era. Huawei has partnered with various carriers to jointly build premium broadband networks and to implement the approach of value-driven network deployment.

*Regional Analysis*

North America held the largest market share in 2017 and is expected to dominate the telecom managed services market during the forecast period. The market will experience a steep rise in this region. The factors driving the growth of the market in North America include rapidly evolving technological developments, the presence of the world's largest telecom companies looking for optimizing their network investments & enhance customer satisfaction, and growing network cyber-attacks in this region.*Key Topics Covered:**1 Industry Outlook*
1.1 Industry Overview
1.2 Industry Trends
1.3 PEST Analysis

*2 Report Outline*
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions

*3 Market Snapshot*
3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.3 Related Markets

*4 Market Outlook*
4.1 Overview
4.2 Market Trends and Impact
4.3 Market Segmentation

*5 Market Characteristics*
5.1 Ecosystem
5.2 Value Chain
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing demand for high productivity & improved network performance
5.3.1.2 Improving Quality of service (Qos) and Quality of experience (QoE)
5.3.1.3 Increasing need for CAPEX and OPEX savings
5.3.2 Restraints
5.3.2.1 Privacy and Security Issues
5.3.3 Opportunities
5.3.3.1 Growing demand for cloud based offerings
5.3.3.2 Ability for disaster control and recovery
5.3.4 DRO - Impact Analysis

*6 Service Types*
6.1 Overview
6.2 Managed Network Services
6.3 Managed Data Center Services
6.4 Managed Security Services
6.5 Managed Mobility Services
6.6 Managed Communication Services

*7 Regions*
7.1 Overview
7.2 North America
7.2.1 Market Size and Analysis
7.2.2 DRO For North America
7.2.3 US
7.2.4 Canada
7.3 Europe
7.3.1 Market Size and Analysis
7.3.2 DRO For Europe
7.3.3 UK
7.3.4 Germany
7.4 APAC
7.4.1 Market Size and Analysis
7.4.2 DRO for Asia Pacific
7.4.3 China
7.4.4 India
7.4.5 Japan
7.5 RoW (ME, Latin America, Africa)
7.5.1 Market Size and Analysis

*8 Vendor Profiles*
8.1 Cisco Systems
8.2 Huawei Technologies
8.3 Ericsson
8.4 Fujitsu
8.5 ZTE

*9 Other Prominent Vendors*
9.1 Tech Mahindra
9.2 Comarch
9.3 Subex
9.4 NCS
9.5 Unisys

*10 Competitive Landscape*For more information about this report visit https://www.researchandmarkets.com/research/l6j65n/global_telecom?w=12
Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

CONTACT:
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
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