Imex Systems provides Shareholder Update

TORONTO, Nov. 7, 2018 /CNW/ - Imex Systems Inc. ("Imex" or the "Company") (TSXV: IMEX) (OTC: IMSYF) a software solution provider to Governments, Municipalities and Public Authorities is pleased to announce the following shareholder update:

• IMEX announced that the creation of a new cybersecurity subsidiary, Cyber Commissioner™ and had signed an agreement with Net-Patrol International Inc. ("Net-Patrol"), a leading provider of cybersecurity solutions for governments, law enforcement and industry worldwide. As part of the partnership agreement, Imex will utilize their Security Maturity Assessment™ ("SMA") platform which is a cybersecurity framework designed to assist organizations with the assessment of their Information Security functions and processes. The framework focuses on the critical aspects of information security that provide the organizations with confidentiality, availability, integrity, and continuity of business operation. SMA incorporates information security aspects from ISO 27001/5 and COBIT. In addition, the framework has been carefully developed to assess the key aspects of the security value chain, determine the organization's security maturity standing, and provides a 'move forward approach' to address potential concerns. SMA incorporates information security aspects from ISO 27001/5 and COBIT. In addition, as part of the partnership, Imex will also offer governance and risk compliance; digital forensics among other services.
  
  
  According to MarketsandMarkets January 2018 report, the security assessment market was valued at $1.08 Billion in 2016 and projected to reach U$4.03 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.1% during the forecast period.
  
  
• IMEX announced the launch of GOVCANN, a portal that will provide vital content and information to medicinal and recreational cannabis users. The Imex iGov platform was built to empower and allow citizens to interact with their province or municipality to gain information or to purchase needed services that these government jurisdictions provide. The GOVCANN portal will be a comprehensive platform integrated into IMEX's iGov portal. The Company is developing the GOVCANN platform utilizing artificial intelligence to amass highly scalable cannabis social analytics and will provide geographically specific and relevant content for users. In addition, GOVCANN will utilize a 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.
  
  
• IMEX announced the appointment of Rob Klein as their new CEO, succeeding Kris Parthiban, who is staying on as the Company's Chief Operating Officer. Rob brings 25-years of private, public and Government market experience to Imex.
  
  
• On Thursday, November 22, 2018, IMEX will be holding its annual shareholder meeting at the offices of Fogler, Rubinoff LLP, 77 King St W., Suite 3000, Toronto, ON.

"We are focused on building a highly scalable business that leverages the Company's iGov platform to drive value to for Governments through their e-Government and smart city initiatives", commented Rob Klein, CEO.

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.

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