VANCOUVER, Feb. 02, 2018
VANCOUVER, Feb. 02, 2018 /CNW/ - JEMTEC Inc. (TSX-V: JTC) ("JEMTEC" or the "Company") a provider of integrated technology systems for community based corrections in Canada, has been notified by the Ontario Ministry of Community Safety and Correctional Services (MCSCS) that the Company has achieved Commencement status for the Electronic Supervision Program (ESP). Achieving Commencement Status follows a structured ramp up over the last 10 months to migrate out of the predecessor solution. The initial contract has a four (4) year term with an option for two (2) additional extensions of up to one (1) year each selectable by MCSCS for a possible six (6) year term.
Eric Caton, President and CEO said "we are pleased to have reached the Commencement milestone for ESP with MCSCS and look forward to providing the best possible service experience going forward. Further Jemtec has provided a full spectrum of monitoring technologies and services to provincial and federal correctional as well as border services across Canada since 1987 and in doing so has built a reputation for offering the best technological solutions and support for use in this very demanding environment."
Established in 1981, JEMTEC holds rights for a variety of electronic monitoring technologies including reporting systems, voice verification, alcohol monitoring, radio-frequency and GPS tracking systems. The common shares of JEMTEC trade through the facilities of the TSX-Venture Exchange under the symbol JTC. For additional information, please visit www.jemtec.ca
This news release contains forward-looking statements, which relate to future events or future performance and reflect J e m t e c management's current expectations and assumptions. Such forward- looking statements reflect Jemtec management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Jemtec Inc.
View original content: http://www.newswire.ca/en/releases/archive/February2018/02/c4647.html
Eric Caton, President, Phone (877) 929-4559, Fax (877) 929-4198, www.jemtec.caCopyright CNW Group 2018