Update for Ontario- Nov. 13, 2007 by market wire
posted on
Nov 23, 2007 07:56AM
Press Release
NEWS RELEASE TRANSMITTED BY MARKETWIRE
FOR: JEMTEC Inc.
TSX VENTURE SYMBOL: JTC
November 13, 2007
JEMTEC ESP Agreement Extended Until April 30, 2008
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2007) - JEMTEC (TSX
VENTURE:JTC) ("JEMTEC" or the "Company"), the leading provider of integrated
technology systems for community based corrections in Canada, has received
notice that the Ontario Ministry of Community Safety and Correctional Service
has decided to extend the present Services Agreement until April 30, 2008. This
is a material event for JEMTEC as this Services Agreement accounts for
approximately 87% of the Company's revenue. The Company intends to bid on the
new Request for Proposal. JEMTEC has provided these tools for the Ministry in
Ontario since 1996.
Established in 1981, JEMTEC holds exclusive rights for a variety of offender
community control technologies and is the leading provider of community
offender monitoring solutions to Canadian Corrections. The common shares of
JEMTEC trade through the facilities of the TSX Venture Exchange under the
symbol (JTC).
This news release may contain forward-looking information. Actual future
results may differ materially. All figures are in Canadian dollars. The risks,
uncertainties, and other factors that could influence actual results are
described in the company's annual report to shareholders and in TSX reports.