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Message: JEMTEC Ontario RFP Notification
JEMTEC Ontario RFP Notification
16:30 EDT Friday, March 28, 2008

 

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 28, 2008) - JEMTEC (TSX VENTURE:JTC) ("JEMTEC" or the "Company"), the leading provider of integrated technology systems for community based corrections in Canada, has been notified that the Company was not the successful bidder in response to a Request for Proposals issued by the Province of Ontario's Ministry of Community Safety and Correctional Services ("MCSCS") for its electronic supervision system.

In November 2007, the Company presented a competitive proposal in response to MCSCS request for proposals for a new agreement. The Company had been the primary supplier to MCSCS under a five year contract which was originally due to expire in January, 2008 but was subsequently extended to August 31, 2008 (see JEMTEC's news release dated March 5, 2008). The decision by MCSCS to discontinue the use of the Company's services after August 31, 2008 will adversely affect the Company's operating results. The Company will continue to earn revenues on its agreements with the Province of Saskatchewan, the Province of Nova Scotia and on its bail clients.

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.

FOR FURTHER INFORMATION PLEASE CONTACT:

JEMTEC Inc.
Eric Caton
President
1-877-929-4559
1-877-929-4198 (FAX)

Website: www.jemtec.ca

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

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