Imex Systems GOVCANN to Empower Industry Participants
TORONTO, Oct. 16, 2018 /CNW/ - Imex Systems Inc. ("Imex" or the "Company") (TSX VENTURE: IMEX; OTC: IMSYF) a software solution provider to Governments, Municipalities and Public Authorities, is pleased to announce that it has advanced its working model of the GOVCANN platform and is in the process of forming strategic relationships as the country prepares for adult-use cannabis legalization on October 17, 2018.
The Company is developing the GOVCANN platform utilizing artificial intelligence to amass highly scalable cannabis data analytics and will provide geographically specific and relevant content for users. This will be built upon a Canada-wide, 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.
Further to integrating GOVCANN into its iGov platform, the Company aims to initially work with municipalities and regional law enforcement agencies to promote socially responsible cannabis initiatives within their communities. This education and awareness platform is critical to the development of the responsible, safe cannabis industry in Canada.
"We have been consulting with representatives at various levels of government and have found that there is a dire need for information as it relates to both medical and adult-use recreational cannabis," said Rob Klein, CEO of Imex. "We have the technology, the platform, and expertise so extending our relationships with governments and public agencies into the rapidly emerging cannabis industry is a natural fit. We are excited to launch our initial pilot project and will provide more details in the coming weeks."
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.
Imex Systems Inc., Rob Klein, CEO, [email protected]
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