Datametrex AI Announces Frankfurt Listing

 

Toronto, Ontario (FSCwire) - Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) is pleased to announce it has commenced trading on the Frankfurt exchange under the symbol “D4G”.

 

Datametrex is a plug and play solution for vendors. The company extends the life of Point of Sale terminals(POS), without having to upgrade them to new cloud-based devices through its DataTap technology. The DataTap captures all data sent from the POS to the receipt printer and then sends it to the cloud, so it can be presented in a dashboard for management to monitor key pertinent information and make vital business decisions. The value of this data across many retail locations provides imperative business intelligence, and the company plans to implement blockchain platforms to give the data further authentication, verification, and integrity across each specific network of retailer.

 

This offers tremendous value to the brands that want this insight on POS (Point of Sale) data, for products sold through their retail distribution channel. Once Nexalogy, a company being acquired by Datametrex, has the most reliable data from the Datametrex blockchain, it can add key artificial intelligence (AI) techniques to further optimize the data. This combination of blockchain and AI for the POS market is extremely compelling and unrivaled in the market today. The combination of gathering structured data through Datametrex’s Datatap and unstructured data though Nexalogy’s AI platform, and feeding it into a blockchain platform truly redefines business intelligence with the most optimum and relevant information.

 

Nexalogy’s AI platform unlocks valuable insights and analysis from a variety of data sources, giving brands, corporations, and governments a unique way to analyze information and make better decisions in areas like security, marketing, and overall operations. The company’s proprietary algorithms, when merged with traditional business intelligence provides an innovative platform using artificial intelligence and social data, Nexalogy is also working on predictive and sentiment analysis, entity extraction, and advanced geolocation and filtering techniques.

 

“We are excited to start trading on the Frankfurt exchange as we broaden our investor base and create global interest in our technologies. We expect strong growth over the next several quarters particularly with completion of Nexalogy acquisition.”, said Andrew Ryu, Chairman and CEO of the company.”

 

About Nexalogy

 

Nexalogy unlocks valuable insights from social media data. Through its proprietary semantic clustering algorithms, it provides insights and analysis that aren’t available through traditional business intelligence technology. This technology makes data more relevant and is the missing link in providing actionable social media intelligence to governments and organizations all over the world.

 

About the Company

 

Datametrex is a big data company for retail, brands, and other organizations. The company’s Datatap technology captures all data sent from the POS to the receipt printer and scanner, and then sends it to the cloud, so it can be presented for key decision making. The company is planning on integrating the Datatap environment to decentralized blockchains to further authenticate and validate the data collected.

 

To learn more about the Company, visit:  www.datametrex.com.

 

For further information, please contact:

 

Jeffrey Stevens – President & COO

Phone:  (647) 400-8494

Email:    jstevens@datametrex.com

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Forward-Looking Statements

 

This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company`s and Nexalogy`s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s and Nexalogy`s control.

 

Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”.

 

The forward-looking information contained herein includes, but is not limited to, information with respect to prospective financial performance, anticipated capital funding and sources, proposed or potential acquisitions, estimated operating and sales costs, estimated market drivers and demand, business prospects and strategy, new markets for growth and financial position. By identifying such information and statements in this manner, the Company and Nexalogy are alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company or Nexalogy to be materially different from those expressed or implied by such information and statements.

 

Although the Company and Nexalogy believe that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Accordingly, readers should not place undue reliance on any forward-looking information or statements contained in this press release.

 

The forward-looking information contained in this press release is made as of the date hereof, and the Company does not undertake to update any forward-looking information that is contained or referenced herein, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. All subsequent written and oral forward looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in its entirety by this notice.


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/DataMetrex10122017.pdf



Datametrex AI Limited and Nexalogy Environics Security Solutions Overview

TORONTO, Oct. 05, 2017 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) is pleased to announce Datametrex AI Limited and Nexalogy Environics Security Solutions Overview.

Datametrex and its acquisition target, Nexalogy, firmly believe in the use of AI tools for governments and corporations to identify and prevent potential terrorist threats and assist in disaster management.

Nexalogy has developed and deployed AI solutions specifically designed for Defense and Security currently being used by government agencies.

The technology is capable of identifying the following:

  • Situations Awareness
  • Faction Identification
  • Identification of radicalization and influential actors
  • Country Monitoring tools:
    •  country based social data feeds
    •  conflict detection
    •  social risk assessment
    •  fake news and bot detection and social media feeds
    •  artificial intelligence based summarization of social media content from a conflict or disaster area         

Disaster and Crisis Management Solutions:

  • Rescue assistance monitoring
  • Real time crisis monitoring

“With recent events internationally and in the United States, we see tremendous potential for this technology to assist governments and corporations to effectively monitor crisis around security and disaster management and prevention” said Andrew Ryu , Chairman and CEO of the company.

About Nexalogy

Nexalogy unlocks valuable insights from social media data. Through its proprietary semantic clustering algorithms, it provides insights and analysis that aren’t available through traditional business intelligence technology. This technology makes data more relevant and is the missing link in providing actionable social media intelligence to governments and organizations all over the world.

About the Company

Datametrex is a big data company for retail, brands, and other organizations. The company’s DataTap technology captures all data sent from the POS to the receipt printer and scanner, and then sends it to the cloud, so it can be presented for key decision making. The company is planning on integrating the DataTap environment to decentralized blockchains to further authenticate and validate the data collected.

To learn more about the Company, visit: www.datametrex.com.

For further information, please contact:

Jeffrey Stevens – President & COO
Phone:   (647) 400-8494
Email:    jstevens@datametrex.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company`s and Nexalogy`s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s and Nexalogy`s control.

Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”.

The forward-looking information contained herein includes, but is not limited to, information with respect to prospective financial performance, anticipated capital funding and sources, proposed or potential acquisitions, estimated operating and sales costs, estimated market drivers and demand, business prospects and strategy, new markets for growth and financial position. By identifying such information and statements in this manner, the Company and Nexalogy are alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company or Nexalogy to be materially different from those expressed or implied by such information and statements.

Although the Company and Nexalogy believe that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Accordingly, readers should not place undue reliance on any forward-looking information or statements contained in this press release.

The forward-looking information contained in this press release is made as of the date hereof, and the Company does not undertake to update any forward-looking information that is contained or referenced herein, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. All subsequent written and oral forward looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in its entirety by this notice.



Datametrex AI Technology and Blockchain Update

TORONTO, Oct. 02, 2017 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) is pleased to announce further insight into its technology roadmap.

Datametrex is a plug and play solution for vendors. The company extends the life of Point of Sale terminals (POS), without having to upgrade them to new cloud-based devices through its DataTap technology. The DataTap captures all data sent from the POS to the receipt printer and then sends it to the cloud, so it can be presented in a dashboard for management to monitor key pertinent information and make vital business decisions. The value of this data across many retail locations provides imperative business intelligence, and the company plans to implement blockchain platforms to give the data further authentication, verification, and integrity across each specific network of retailer.

This will offer tremendous value to brands that want this insight on POS (Point of Sale) data for products sold through their retail distribution channel. Once Nexalogy, a company being acquired by Datametrex, has the most reliable data from the Datametrex blockchain, it can add key artificial intelligence (AI) techniques to further optimize the data. This combination of blockchain and AI for the POS market is extremely compelling and will be unrivaled in the market.

The combination of gathering structured data through Datametrex’s DataTap and unstructured data though Nexalogy’s AI platform, and feeding it into a blockchain platform will truly redefine business intelligence with the most optimum and relevant information.    

Nexalogy’s AI platform unlocks valuable insights and analysis from a variety of data sources, giving brands, corporations, and governments a unique way to analyze information and make better decisions in areas like security, marketing, and overall operations. The company’s proprietary algorithms, when merged with traditional business intelligence provides an innovative platform using artificial intelligence and social data, Nexalogy is also working on predictive and sentiment analysis, entity extraction, and advanced geolocation and filtering techniques.

Nexalogy is emerging as a disruptive leader in the Business Intelligence marketplace with strong focus in Social Data analysis. According to Markets and Markets, a flagship competitive intelligence and market research firm serving 1700 global fortune enterprises, “the Social Media Analytics Market is worth 5.4 Billion USD by 2020. The rapid growth is because of the transition from traditional Business Intelligence (BI) techniques to advanced analytics and the massive surge in the number of social media users and data.”

“We are excited to roll-out our AI platform in a number of new markets and to continue penetrating areas where we have good traction. Additionally, the opportunity to combine AI and blockchain technology while working with rich data sets, provides a vital and truly innovative solution for the business intelligence marketplace. The opportunities for combining traditional and social data are widely needed across the Fortune 1000. Enhancing this data through AI and blockchain protocols propels our platform to the forefront of Business Intelligence,” said Andrew Ryu, Chairman and CEO of the company.

 

About Nexalogy

Nexalogy unlocks valuable insights from social media data. Through its proprietary semantic clustering algorithms, it provides insights and analysis that aren’t available through traditional business intelligence technology. This technology makes data more relevant and is the missing link in providing actionable social media intelligence to governments and organizations all over the world.

 

About the Company

Datametrex is a big data company for retail, brands, and other organizations. The company’s DataTap technology captures all data sent from the POS to the receipt printer and scanner, and then sends it to the cloud, so it can be presented for key decision making. The company is planning on integrating the DataTap environment to decentralized blockchains to further authenticate and validate the data collected.  To learn more about the Company, visit: www.datametrex.com.

 

For further information, please contact:

Jeffrey Stevens – President & COO
Phone:   (647) 400-8494
Email:    jstevens@datametrex.com

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company`s and Nexalogy`s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s and Nexalogy`s control.

Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”.

The forward-looking information contained herein includes, but is not limited to, information with respect to prospective financial performance, anticipated capital funding and sources, proposed or potential acquisitions, estimated operating and sales costs, estimated market drivers and demand, business prospects and strategy, new markets for growth and financial position. By identifying such information and statements in this manner, the Company and Nexalogy are alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company or Nexalogy to be materially different from those expressed or implied by such information and statements.

Although the Company and Nexalogy believe that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Accordingly, readers should not place undue reliance on any forward-looking information or statements contained in this press release.

The forward-looking information contained in this press release is made as of the date hereof, and the Company does not undertake to update any forward-looking information that is contained or referenced herein, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. All subsequent written and oral forward looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in its entirety by this notice.



Everfront Ventures Corp. announces name & symbol change to Datametrex AI Limited ("DM")

TORONTO, Sept. 26, 2017 (GLOBE NEWSWIRE) -- Everfront Ventures Corp. (the “Company”) (TSX-V:EVC) is pleased to announce that the Company has changed its name from “Everfront Ventures Corp.” to “Datametrex AI Limited”, following approval of the name change at the annual and special meeting of the Company’s shareholders held on September 19, 2017.

“We are pleased that the shareholders and the board approved the name change as it more accurately reflects the direction of the company. With the planned acquisition of Nexalogy, we will have a strong solution for Business Intelligence that merges both structured and unstructured data. This data gathered for organizations can also become more reliable, as Datametrex may roll-out decentralized blockchain platforms to allow better data authentication, verification, and integrity for its clients. Datametrex also sees a huge opportunity for blockchain-based solutions on the POS side”, said Andrew Ryu, CEO and Chairman of the company.

In connection with the name change, the Company has applied to change its trading symbol on the TSX Venture Exchange from “EVC” to “DM”. The Company’s common shares are expected to start trading under the new stock symbol on September 27, 2017. No action is required to be taken by shareholders with respect to this change.

About the Company

The Company is focused on the collection of Big Data from retail point of sale (POS) terminals.  The Company, through its DataTap technology offers a plug and play solution for retail vendors that extends the life of their POS terminals without having to upgrade to new cloud-based devices. DataTap captures all data sent from the POS to the receipt printer and or scanner and sends it to the cloud, so it can be presented in a dashboard for management to monitor key pertinent information. The collected data will be aggregated on the Company’s servers to be repackaged and sold.

 

To learn more about Datametrex, visit: www.datametrex.com

For further information, please contact:

Jeffrey Stevens – President & COO
Phone: (647) 400-8494
Email: jstevens@datametrex.com

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  

Forward-Looking Statements

This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company`s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken, “will continue”, “will occur” or “will be achieved”. The forward-looking information contained herein includes, but is not limited to, information with respect to prospective financial performance, anticipated capital funding and sources, proposed or potential acquisitions, estimated operating and sales costs, estimated market drivers and demand, business prospects and strategy, new markets for growth and financial position. By identifying such information and statements in this manner, the Company and Nexalogy are alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements.  Accordingly, readers should not place undue reliance on any forward-looking information or statements contained in this press release. The forward-looking information contained in this press release is made as of the date hereof, and the Company does not undertake to update any forward-looking information that is contained or referenced herein, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. All subsequent written and oral forward looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice. 

 



Everfront Ventures Corp. Announces Definitive Agreement to Acquire Nexalogy Environics

TORONTO, Sept. 25, 2017 (GLOBE NEWSWIRE) -- Everfront Ventures Corp. (the “Company” or “Everfront”) (TSXV:EVC) is pleased to announce that the Company has entered into a definitive purchase agreement (the “Purchase Agreement”) to acquire, 9172-8766 Québec Inc. (doing business as Nexalogy Environics) (“Nexalogy”), a business intelligence and data analysis provider through its artificial intelligence (“AI”) platform to government agencies and Fortune 500 corporations (the “Transaction”). Further details were announced in the Company’s press release dated July, 4, 2017.

“We are excited to have Nexalogy join our team,” said Andrew Ryu, CEO and Chairman of the Company.  “The acquisition of Nexalogy is a key strategic step for the Company.  The vertical integration of Nexalogy will play an important role in our ability to further develop our technological platform with enhanced artificial intelligence (“AI”) capabilities and to significantly expand our presence in the retail and public sector markets.” 

Details of the Transaction and Conditions to Closing

Pursuant to the Purchase Agreement, Everfront will acquire all of the issued and outstanding common shares of Nexalogy and of 9225-6965 Québec Inc., an affiliate of Nexalogy, for an aggregate purchase price of $6 million (subject to debt adjustments at closing) of which: (i) $2.7 million in cash and $2.7 million in common shares of the Company (priced at a volume weighted average price of the common shares of the Company for the twenty (20) trading day period prior to closing) will be paid on closing; and (ii) $600,000 will be paid over a three year period upon Nexalogy achieving certain agreed-upon revenue milestones.  The Transaction is anticipated to close on or about November 20, 2017.   

The completion of the Transaction remains subject to a number of terms and conditions including, among other things:

Everfront and Nexalogy obtaining all necessary consents, orders and regulatory approvals, including the final approval of the TSX Venture Exchange which has granted conditional approval

no material change occurring to the business of Everfront or Nexalogy;

the delivery by each of the parties of standard closing documents.

Nexalogy Business

Nexalogy’s patented solutions provide valuable insight and analysis from a variety of data sources, giving governments and corporations a unique tool to analyze information and make informed decisions in the following areas; policy making, stakeholder analysis, social risk assessment, social license to operate, marketing, and overall operations. Nexalogy’s proprietary algorithms, when merged with traditional business intelligence, provide an innovative platform leveraging machine learning, social data intelligence and social Internet of Things (“IOT”) technology to redefine data analysis. Nexalogy has key government agencies and corporations as clients and is poised for significant growth.

Nexalogy is emerging as a leader in the Business Intelligence (“BI”) marketplace with a strong focus in social data analysis. According to “Markets and Markets”, a flagship competitive intelligence and market research firm serving 1700 global fortune enterprises, the Social Media Analytics Market is forecast to grow to 5.4 Billion USD by 2020. This rapid growth is due to the transition from traditional BI techniques to advanced analytics as well as the surge in the number of social media users and data.

Everfront plans to continue developing machine learning models for conversational user interfaces. A unique feature set will leverage the newest technologies with an artificial intelligence (“AI”) offering that will provide government agencies key solutions to manage initiatives that are integral to countries across the world as well as to provide a unique offering in areas like the retail market. The Company intends to offer retailers a robust data analysis platform through the combination of its DataTap solution, which captures valuable Point of Sale (“POS”) information, and Nexalogy’s proprietary software.  The combined technology will provide users competitive insight that Everfront believes will become dominant in the retail BI marketplace for years to come.

About Nexalogy

Founded in 2006, Nexalogy unlocks valuable insight from social media data. Through its proprietary semantic clustering algorithms, it detects weak signals in unstructured text that are not distinguished through traditional business intelligence technology. This technology makes data more relevant and is the missing link in providing actionable, social media intelligence to governments and organizations all over the world. Further information about Nexalogy can be found at www.nexalogy.com.

 

About the Company

Everfront is the publicly traded holding company of Datametrex Limited (“Datametrex”).  Datametrex offers a plug and play solution for vendors. The Company extends the life of POS terminals without having to upgrade to new cloud-based devices through its DataTap technology. DataTap captures all data sent from the POS to the receipt printer and then sends it to the cloud, so it can be presented in a dashboard for management to monitor key pertinent information.

To learn more about the Company, visit: www.datametrex.com.

For further information, please contact:

Jeffrey Stevens – President & COO
Phone:   (647) 400-8494
Email:     jstevens@datametrex.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company`s and Nexalogy`s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s and Nexalogy`s control.

Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”.

The forward-looking information contained herein includes, but is not limited to, information with respect to prospective financial performance, anticipated capital funding and sources, proposed or potential acquisitions, estimated operating and sales costs, estimated market drivers and demand, business prospects and strategy, new markets for growth and financial position. By identifying such information and statements in this manner, the Company and Nexalogy are alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company or Nexalogy to be materially different from those expressed or implied by such information and statements.

Although the Company and Nexalogy believe that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Accordingly, readers should not place undue reliance on any forward-looking information or statements contained in this press release.

The forward-looking information contained in this press release is made as of the date hereof, and the Company does not undertake to update any forward-looking information that is contained or referenced herein, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. All subsequent written and oral forward looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in its entirety by this notice.



Everfront Ventures Corp extends signing date for Share Purchase Agreement with Nexalogy

TORONTO, Sept. 12, 2017 (GLOBE NEWSWIRE) -- Everfront Ventures Corp. (the “Company” or “Everfront”) (TSX-V:EVC) and its wholly owned subsidiary, Datametrex Limited, is pleased to announce that the Company and Nexalogy have agreed to extend the signing date for the Share Purchase Agreement from August 21, 2017 to September 20, 2017 and to also extend the anticipated closing date from on or about October 20, 2017 to on or about November 20, 2017.

“We are pleased to be moving forward with Nexalogy and look forward to working together to grow and expand Nexalogy’s innovative platform in a number of vertical markets. Despite the delays, we have been able to present Nexalogy’s solutions to a number of groups and are confident we will have a strong pipeline for the combined technologies on closing. Nexalogy will be accretive to Everfront in a number of areas,” said Andrew Ryu, Chairman and CEO for the Company.

About Nexalogy

Founded in 2006, Nexalogy unlocks valuable insights from social media data. Through its proprietary semantic clustering algorithms, it detects weak signals in unstructured text that aren’t available through traditional business intelligence technology. This technology makes data more relevant and is the missing link in providing actionable, social media intelligence to governments and organizations all over the world. Further information about Nexalogy can be found at www.nexalogy.com.

About the Company

Everfront is the publicly traded holding Company of Datametrex Limited (“Datametrex”). Datametrex is a plug and play solution for vendors. The Company extends the life of POS without having to upgrade to new cloud-based devices through its DataTap technology. DataTap captures all data sent from the POS to the receipt printer and then sends it to the cloud, so it can be presented in a dashboard for management to monitor key pertinent information.  

 

To learn more about Datametrex, visit: www.datametrex.com

Jeffrey Stevens – President & COO
Phone:   (647) 400-8494
Email:    jstevens@datametrex.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  

Forward-Looking Statements

This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company`s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken, “will continue”, “will occur” or “will be achieved”. The forward-looking information contained herein includes, but is not limited to, information with respect to prospective financial performance, anticipated capital funding and sources, proposed or potential acquisitions, estimated operating and sales costs, estimated market drivers and demand, business prospects and strategy, new markets for growth and financial position. By identifying such information and statements in this manner, the Company and Nexalogy are alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements.  Accordingly, readers should not place undue reliance on any forward-looking information or statements contained in this press release. The forward-looking information contained in this press release is made as of the date hereof, and the Company does not undertake to update any forward-looking information that is contained or referenced herein, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. All subsequent written and oral forward looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice. 



Everfront Ventures Signs LOI with LOTTE Data Communication Co to Explore Implementing Data Collection and AI Services

TORONTO, Sept. 07, 2017 (GLOBE NEWSWIRE) -- Everfront Ventures Corp. (the “Company” or “Everfront”) (TSXV:EVC) and its wholly owned subsidiary, Datametrex Limited, are pleased to announce that the Company has signed an LOI with LOTTE Data Communication Co, a division of LOTTE Co., Ltd. (“LOTTE”). LOTTE is based in Japan and South Korea, which is the 5th largest conglomerate in South Korea, consisting of over 90 business units employing 60,000 people with $136.4 Billion asset and $80 Billion revenue. LOTTE is engaged in such diverse industries as candy manufacturing, beverages, hotels, fast food like Lotteria, retailers including 7 Eleven, Lotte department stores and Duty-Free stores, financial services, heavy chemicals, electronics, IT, construction, publishing and entertainment. Everfront is pleased to be in a position to provide LOTTE with data collection and AI solutions to create efficiencies and insights for many of their business divisions.

The Company is pleased that the previously announced LOI with AimToG, as its strategic partner, to service and support potential clients in Asia is producing results so quickly. The caliber of contacts and opportunities that AimToG brings to the company is tremendous and the company looks forward to moving forward with LOTTE and other large conglomerates as a provider of Big Data analytics and AI solutions.

"I am very pleased with the progress we are making with AimToG in Asia. We are thrilled to be working with such a large and reputable company such as LOTTE. The opportunity to provide the 5th largest conglomerate in South Korea with our solutions is further validation of our technology and business model," said Andrew Ryu, the Company's Chief Executive Officer. 

About LOTTE Data Communication Co.

LOTTE Data Communication Co. is a division of LOTTE Co., Ltd. the 5th largest South Korean conglomerate with total assets of CAD $136.4 Billion. LOTTE Group consists of over 90 business units employing 60,000 people. Major businesses are: food products, retail, entertainment, finance, real estate, amusement parks, hotels, IT, heavy chemicals, sports teams and R&D centers.

 

About the Company

Everfront is the publicly traded holding Company of Datametrex Limited (“Datametrex”). Datametrex is a plug and play solution for vendors. The Company extends the life of POS without having to upgrade to new cloud-based devices through its DataTap technology. DataTap captures all data sent from the POS to the receipt printer and then sends it to the cloud, so it can be presented in a dashboard for management to monitor key pertinent information.  

To learn more about Datametrex, visit: www.datametrex.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  

Forward-Looking Statements

This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company`s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken, “will continue”, “will occur” or “will be achieved”. The forward-looking information contained herein includes, but is not limited to, information with respect to prospective financial performance, anticipated capital funding and sources, proposed or potential acquisitions, estimated operating and sales costs, estimated market drivers and demand, business prospects and strategy, new markets for growth and financial position. By identifying such information and statements in this manner, the Company and Nexalogy are alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements.  Accordingly, readers should not place undue reliance on any forward-looking information or statements contained in this press release. The forward-looking information contained in this press release is made as of the date hereof, and the Company does not undertake to update any forward-looking information that is contained or referenced herein, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. All subsequent written and oral forward looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.