TORONTO, Nov. 7, 2018 /CNW/ - Imex Systems Inc. ("Imex" or
the "Company") (TSXV: IMEX) (OTC: IMSYF) a software solution
provider to Governments, Municipalities and Public Authorities is
pleased to announce the following shareholder update:
- IMEX announced that the creation of a new cybersecurity
subsidiary, Cyber Commissioner™ and had signed an agreement with
Net-Patrol International Inc. ("Net-Patrol"), a leading provider of
cybersecurity solutions for governments, law enforcement and
industry worldwide. As part of the partnership agreement, Imex will
utilize their Security Maturity Assessment™ ("SMA") platform which
is a cybersecurity framework designed to assist organizations with
the assessment of their Information Security functions and
processes. The framework focuses on the critical aspects of
information security that provide the organizations with
confidentiality, availability, integrity, and continuity of
business operation. SMA incorporates information security aspects
from ISO 27001/5 and COBIT. In addition, the framework has been
carefully developed to assess the key aspects of the security value
chain, determine the organization's security maturity standing, and
provides a 'move forward approach' to address potential concerns.
SMA incorporates information security aspects from ISO 27001/5 and
COBIT. In addition, as part of the partnership, Imex will also
offer governance and risk compliance; digital forensics among other
services.
According to MarketsandMarkets January
2018 report, the security assessment market was valued at
$1.08 Billion in 2016 and projected
to reach U$4.03 Billion by 2022, at a Compound Annual Growth Rate
(CAGR) of 26.1% during the forecast period.
- IMEX announced the launch of GOVCANN, a portal that will
provide vital content and information to medicinal and recreational
cannabis users. The Imex iGov platform was built to empower and
allow citizens to interact with their province or municipality to
gain information or to purchase needed services that these
government jurisdictions provide. The GOVCANN portal will be a
comprehensive platform integrated into IMEX's iGov portal. The
Company is developing the GOVCANN platform utilizing artificial
intelligence to amass highly scalable cannabis social analytics and
will provide geographically specific and relevant content for
users. In addition, GOVCANN will utilize a real-time blockchain
tracking system in order to enhance public safety and reduce
regulatory costs by mitigating supply chain risks associated with
legal cannabis product diversion and unknown product quality in the
black market.
- IMEX announced the appointment of Rob
Klein as their new CEO, succeeding Kris Parthiban, who is staying on as the
Company's Chief Operating Officer. Rob brings 25-years of private,
public and Government market experience to Imex.
- On Thursday, November 22, 2018,
IMEX will be holding its annual shareholder meeting at the offices
of Fogler, Rubinoff LLP, 77 King St W., Suite 3000, Toronto, ON.
"We are focused on building a highly scalable business that
leverages the Company's iGov platform to drive value to for
Governments through their e-Government and smart city initiatives",
commented Rob Klein, CEO.
About Imex Systems
Imex Systems Inc. is a Canadian software products and solution
provider to Governments, Municipalities and Public Authorities in
Canada and internationally. Imex
primarily focuses on E-Government and the Smart Cities market that
also include the integration to payment processing. The
company helps public sector entities to provide "Any Time, Any
Where, Any Device and Any Channel" convenience for citizens to
access government services and help with digital transformation of
government operations and streamline revenue. Imex's various
product and service offerings include: i-Gov - a Digital
Government Platform for all levels of governments, which provides
all the pre-built components for building an effective Digital
Government and supporting payment processing through multiple
channels; iCity - a Smart City Solution;
and miGov - a Mobile Government Framework.
Forward-Looking Statements
This news release contains certain "forward-looking information"
within the meaning of applicable Canadian securities laws. Any
statements that involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions,
future events or performance (often but not always using phrases
such as "expects", or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans", "budget",
"scheduled", "forecasts", "estimates", "believes" or "intends" or
variations of such words and phrases or stating that certain
actions, events or results "may" or "could", "would", "might" or
"will" be taken to occur or be achieved) are not statements of
historical fact and may be forward-looking information and are
intended to identify forward-looking information.
This forward-looking information is based on reasonable
assumptions and estimates of management of the Company at the time
it was made, and involves known and unknown risks, uncertainties
and other factors which may cause the actual results, performance
or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking information. Forward-looking information in
this news release include, but are not limited to, statements with
respect to: increased sales from existing customers and new
customers and the potential opportunities to be created from the
joint venture with BGC related to mobile payments and cyber
security. Forward-looking information necessarily involve known and
unknown risks, including, without limitation : the need for
approvals from the relevant government body; future capital needs
and uncertainty of additional financing; the competitive nature of
the industry; the effects of product development and need for
continued technology change; and those risks set out in the
Company's public documents filed
on www.sedar.com.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially, there may be
other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such
statements will prove to be accurate as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking information. The Company undertakes no obligation
to revise or update any forward-looking information other than as
required by law.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in policies of the TSXV) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Imex Systems Inc.
