Imex Systems Inc. (IMEX:tsxv): Business Update

Imex Systems Inc.

Imex Systems Inc.: Business Update

Momentum Public Relations
Press Release: April 5th, 2017


Imex Systems Inc. (“Imex” or the “Company”) (TSX VENTURE:IMEX), a software solution provider to Governments, Municipalities and Public Authorities, is pleased to announce the following update to its business operations. The company’s flagship product is iGov, the most sophisticated Digital Government Platform in the market today.

The company expects to receive a minimum of $3 million Canadian in Q2, as the initial payment from the $19.51 million contract previously announced in December 2016. Remaining payments will be received over the course of the two year contract. Imex is finalizing all the terms with the Government of Botswana. The company anticipates additional contracts from Botswana as well after this rollout.

For the last 2 years, Imex has been working on developing international markets due to significant opportunities existing outside of North America.

The recent major contract announced by the company for implementation of eGovernment based on Imex iGov Digital Government Platform for the Government of Botswana, is an example of the Company’s success in international expansion efforts, which has created a pipeline of significant opportunities for the next few years.

Imex’s products have been well received by emerging countries in Asia, the Middle East, Africa and South America, which have ambitious programs for government modernization and implementation of eGovernment and Smart City initiatives. Imex’s Digital Government platform iGov and the Smart City Platform, iCity, have proven to be excellent candidates for these countries. Imex is in discussion with several state governments in India, which have the potential to be a significant market for Imex in the near term.

In developed markets such as Canada, the US, UK, and Australia, there has been a market shift towards cloud services to replace legacy eGovernment systems, which have been in place for the past 15-20 years. As a result, it is expected that such jurisdictions will undertake a digital transformation and implement a Digital First strategy, which is the basis of Imex’s iGov platform software solution.

Imex is rolling out cloud services for North America and has successfully piloted cloud offerings for several municipalities in Canada this year. Imex has developed an aggressive strategy to implement these solutions for at least 200 cities/towns in Canada and the US during the next 5 years, which includes enhancing the existing foothold in Ontario.

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 the E-Government and Smart Cities market that include payments. It 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: iGov – 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.

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