JEMTEC Second Fiscal Quarter & Financial Update
JEMTEC INC. TSX-V: JTC
VANCOUVER, BC, June 29, 2020 /CNW/ - JEMTEC Inc. (TSXV: JTC) (the "Company") is pleased to provide an update on its Third Quarter performance for the period ended April 30, 2020 and the Companies improving financial situation, with no debt, strong liquidity and net worth.
One Time Dividend
Q3 Revenues and Expenses
Q3 Income Tax
Q3 Net Income
Eric Caton, President and CEO said, "We are pleased with the Q3 results and the new and extended agreements are up and working well, we see a profitable and stable path ahead with the Company well positioned to grow its core business and increase market share. "Jemtec has provided a full spectrum of monitoring technologies and services to provincial and federal correctional and border services across Canada since 1987 and in doing so has built a reputation for offering the best technological solutions and support for use in this demanding environment.
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward - looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Jemtec Inc.