JEMTEC Inc.
TSX VENTURE : JTC

JEMTEC Inc.

March 05, 2008 08:00 ET

JEMTEC ESP Agreement Extended Until August 31/08

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 5, 2008) - JEMTEC INC. (TSX VENTURE:JTC) ("JEMTEC" or the "Company"), the leading provider of integrated technology systems for community based corrections in Canada, is pleased to announce that the Ontario Ministry of Community Safety and Correctional Service has decided to extend the present Services Agreement until August 31, 2008. This Services Agreement accounts for approximately 84% of the Company's current revenues. 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