TORONTO, Aug. 18, 2016 /CNW/ - NexJ Systems Inc. (TSX: NXJ), a provider of enterprise customer management solutions to the
financial services industry, today announced acceptance by the Toronto Stock Exchange (the "TSX") of NexJ's Notice of
Intention to Make a Normal Course Issuer Bid ("NCIB").
Pursuant to the NCIB, NexJ proposes to purchase on the open market through the facilities of the TSX or alternative Canadian
trading systems, from time to time over the next 12 months, if considered advisable, up to an aggregate of 1,000,000 common shares,
being approximately 4.7% of its common shares, as of August 15, 2016. Purchases may commence on
August 24, 2016 and will conclude on the earlier of the date on which purchases under the bid have
been completed and August 23, 2017. Based on NexJ's average daily trading volume from
February 1 to July 31, 2016 of 2,297 trades, NexJ may only purchase up to 1,000 common shares per day
pursuant to the NCIB.
The Board of Directors of NexJ believes that the proposed purchases are in the best interests of NexJ and are a desirable use of
corporate funds. All common shares purchased by NexJ will be cancelled.
As of August 15, 2016, NexJ had 21,183,966 issued and outstanding common shares.
NexJ purchased common shares under a TSX approved normal course issuer bid through the facilities of the TSX from August 24, 2015 to August 23, 2016. Under that bid, NexJ has purchased and
cancelled 104,626 common shares at a weighted average price of $2.12 per common share.
About NexJ Systems Inc.
NexJ Systems provides enterprise customer management solutions to the financial services industry. Our solutions include industry-specific customer relationship management (CRM)
for multi-channel engagement and collaboration; customer process management (CPM) for client onboarding and KYC; and customer data
management (CDM) to deliver a holistic view of customers across line of business and regional data silos. Our solutions integrate
information from multiple systems into a unified view to help firms better understand and share information about their customers
to increase loyalty, drive cross-sell and improve the customer experience.
Based in Toronto, NexJ has clients throughout North America,
Asia Pacific and in Europe. For more information about NexJ
visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, like us on Facebook or hang out with us on Google+.
NexJ Forward-looking Statement
Certain statements in this press release may contain words considered forward-looking statements or information under
applicable securities laws. These statements are based on NexJ's current expectations, estimates, forecasts and projections
about the operating environment, economies and markets in which the company operates. These statements are subject to
important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different.
NexJ's assumptions, although considered reasonable by the company at the date of this press release, may prove to be
inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional
information with respect to risks and other factors which could occur, see NexJ's securities filings with the OSC and other
securities regulators. NexJ securities filings are available on www.sedar.com. Unless otherwise required by applicable securities laws, NexJ disclaims any intention or
obligations to update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise.
SOURCE NexJ Systems Inc.
