TORONTO, Oct. 25, 2018 /CNW/ - Imex Systems Inc. ("Imex" or the
"Company") (TSX VENTURE: IMEX; OTC: IMSYF) a software solution provider to Governments, Municipalities and Public Authorities
continues to advance the development of the GOVCANN platform to address the needs of government agencies, health and
safety, law enforcement, Licensed Producers and retailers. Municipalities will undoubtedly be met with numerous and ongoing
challenges in implementing and enforcing the new cannabis legislation which the Company recognizes will require the cooperation
of all municipal divisions including: police, fire and paramedic services; municipal planning; licensing and standards; public
health; and social and legal services. In order to keep cannabis out of the reach from children, deter illegal activity,
and protect public safety, it is imperative that municipalities consult with these various stakeholders, as well as their
constituents.
As of October 17, 2018, recreational cannabis has been available for sale online through the
Ontario Cannabis Store ("OCS"). The OCS will be the exclusive wholesaler and distributor to privately licensed cannabis retail
stores which are expected to be operational effective April 1, 2019. As part of the newly
introduced legislation, the Alcohol and Gaming Commission of Ontario ("AGCO") will administer
the licensing framework for the private cannabis retail stores. Various factors will be considered when assessing applications
for retail store licenses, including public interest in light of the needs and wishes of the residents of the municipality.
Under Bill 36, the Cannabis Statute Law Amendment Act, municipalities will be able to decide whether to allow
privately-operated cannabis stores or to pass a one-time resolution to prohibit stores from operating within municipal
boundaries. The resolution must be passed no later than January 22, 2019.
Topics of consideration for municipalities and their leadership to deliberate over include:
- Consumption guidance at municipally owned or managed properties
- Implementing appropriate human resources policies and employee education programs
- Enforcement and training in regard to impaired driving
- Enforcement and regulation surrounding ability to grow up to four cannabis plants per household
"From preventing people from smoking near schools and government property, to ensuring that cannabis production happens in a
safe, regulated environment, and mandating where cannabis retail businesses will be able to operate, local governments must set
rules that will impact the way cannabis legalization will affect their constituents," said Rob
Klein, CEO of Imex. "Developing the intricate rules and processes that will govern the legalization of non-medical
cannabis is a complex task that government needs to get right. Municipalities will need to make critical decisions about how and
when to write new bylaws on a range of issues. Imex is currently working with policy experts and companies with innovative
technologies to build out its new GOVCANN platform, as well as leveraging its Government relationships.
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.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2018/25/c7553.html