JEMTEC Inc.
TSX VENTURE : JTC

JEMTEC Inc.

November 13, 2007 09:00 ET

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • JEMTEC Inc.
    Eric Caton
    President
    1-877-929-4559
    1-877-929-4198 (FAX)
    Website: www.jemtec.ca