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As of 9:30 AM 04/14/14 All times are local (Market data is delayed by at least 15 minutes).

jemtec inc (JTC) Snapshot

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08/29/13 - C$0.84
52 Week Low
02/20/14 - C$0.55
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jemtec inc (JTC) Details

JEMTEC Inc. provides integrated technology systems for community-based corrections in Canada. The company offers services and technologies for offender monitoring to Canadian federal and provincial correctional departments under project agreements. It offers global positioning systems, electronic monitoring, alcohol detection, and voice verification technologies related to the location verification of offenders and individuals under restrictions in the community. The company’s services and technologies give public agencies, such as courts, correctional services, police services, immigration authorities, and other entities the means to verify if individuals are complying with legally-imposed orders, including house arrest, home curfew, abstinence from alcohol, and movement restrictions. Its solutions provide individuals and their families with options to develop release plans as an alternative to custody ahead of bail or immigration hearings, or as part of a reporting requirement. JEMTEC Inc. was incorporated in 1981 and is headquartered in North Vancouver, Canada.

Founded in 1981

jemtec inc (JTC) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: C$240.0K
Chief Financial Officer
Total Annual Compensation: C$32.0K
Compensation as of Fiscal Year 2013.

jemtec inc (JTC) Key Developments

Jemtec Inc. Announces Audited Earnings Results for the Fiscal Year Ended July 31, 2013

Jemtec Inc. announced audited earnings results for the fiscal year ended July 31, 2013. For the year, the company’s revenues have increased by 20% compared to 2012 due to an increase in rentals to provinces and expansion of the bail business. Net loss was $62,023 compared to a net loss of $138,200 during the year ended July 31, 2012. Cash provided by operations was $78,168 compared to cash used in operations of $3,881 during the fiscal year ended July 31, 2012. The increase in cash provided from operations in 2013 as compared to 2012 is mainly due to a fluctuation in accounts receivable and accounts payable, and recovery of income taxes.

Jemtec Inc. Proposes Amendments to its By-Laws

Jemtec Inc. announced that at its AGM, to be held on January 16, 2014, the company will propose amendments, which were approved and made effective by the company's board of directors, on November 19, 2013. The amendments are (i) to update the residency qualifications of directors so as to be consistent with the provisions under the Business Corporations Act, Ontario; and (ii) to include a new provision that requires advance notice to the company in circumstances where nominations of persons for election to the board of directors are made by shareholders of the company other than pursuant to a requisition of a meeting made pursuant to the provisions of the Act or a shareholder proposal made pursuant to the provisions of the Act.

Jemtec Inc., Annual General Meeting, Jan 16, 2014

Jemtec Inc., Annual General Meeting, Jan 16, 2014., at 11:00 Pacific Standard Time. Location: Suite 200-38 Fell Avenue. Agenda: To approve and ratify amendments to the company's general by-law; to receive the financial statements of the company for the fiscal year ended July 31, 2013, together with the auditors' report thereon; to determine the number of directors at five; to elect directors for the ensuing year; to appoint auditors for the ensuing year and to authorize the directors to fix their remuneration; and to transact such other business as may properly come before the meeting.


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