TMCnet News
JEMTEC 2023 Q1 & FINANCIAL UPDATEJEMTEC INC. TSX-V: JTC VANCOUVER, BC, Dec. 14, 2022 /CNW/ - JEMTEC Inc. (TSXV: JTC) (the "Company") is pleased to provide an update on its performance for the Quarter ended October 31, 2022 (2023 Q1) and the Companies financial situation, with no debt, strong liquidity and net worth. Q1 Revenues Q1 Expenses Q1 Income Tax Q1 Net Income Q1 Liquidity Eric Caton, President and CEO said, "We are in the process of reorganizing our business model with a greater awareness on non-government contracts, we expect the results should show positive returns going forward however we continue to see the Company well positioned to grow its core business. 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. FORWARD-LOOKING STATEMENTS 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. |