Mr. Damodar Arapakota reports

IMEX SYSTEMS SIGNS AGREEMENT WITH CITY OF TORONTO

Imex Systems Inc. has provided the following new development to its business operations.

The company has recently signed a professional services contract with the City of Toronto. This is a three-year contract that is effective from April 1, 2017, until April, 2020. The city and its agencies will be using Imex for various IT projects that require specific consulting and software development services around various technology projects.

The company estimates that the value of the contract will be in the range of $6-million over a three-year period.

Imex has a long history working with governments in both the Canadian provincial and municipal sectors on a variety of technology initiatives.

About Imex Systems Inc.

Imex Systems is a Canadian software products, solutions and services 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, anywhere, 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 prebuilt 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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