Datametrex Announces Shares for Debt Settlement

TORONTO, Dec. 06, 2017 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company”) (TSXV:DM) (FSE:D4G) announces that its Board of Directors has approved a proposed shares for debt settlement (the “Shares for Debt Settlement”) with certain creditors, providing for the settlement of an aggregate of $330,000 in debt through the issuance of an aggregate of 1,434,781 common shares of the Company at an issue price of $0.23 per common share.

The Shares for Debt Settlement is subject to approval of the TSX Venture Exchange.

About Datametrex

Datametrex AI Limited is focused on the collection of retail sales data, providing Government Agencies and Fortune 500 corporations with Artificial Intelligence solutions and implementing blockchain solutions for secure data transfers. The company is planning on integrating the DataTap environment to decentralized blockchains to further authenticate and validate the data collected.

To stay informed about Datametrex, please join our Investor Group on 8020 Connect http://bit.ly/2fPUNwF for all upcoming news releases, articles comments and questions.

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 contains “forward-looking information” within the meaning of applicable Canadian securities laws including statements regarding obtaining approval of the Shares for Debt Settlement from the TSX Venture Exchange. Forward-looking information is not a guarantee of future performance or results, since it involves both known and unknown risks and uncertainties. There is no assurance that forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. Some of the risks and other factors which could cause results to differ materially from those expressed in the forward-looking information contained in this news release include, but are not limited to the ability of the Company to obtain TSX Venture Exchange approval to complete the Shares for Debt Settlement. These statements speak only as of the date of this news release, and the Company does not undertake any obligation to publicly update or revise any forward-looking information except as expressly required by applicable Canadian securities laws.

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Datametrex AI Signs Agreement with ABC Solutions for Korean Tourism Organization

TORONTO, Dec. 01, 2017 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSX-V:DM) (FSE: D4G) is pleased to announce that it has entered into a license and partnership agreement with ABC Solutions (“ABC”), a software and services provider for the Public, Finance, and Government sectors to sell the AI platform and DataTap Technology.

ABC has number of key clients across the South Korean market and sees tremendous potential to capture data and provide key insight to decision makers of these organizations.

ABC has a contract with the Korean Tourism Organization (KTO), for their Social Media Analysis, Marketing and Monitoring initiatives for the upcoming 2018 Winter Olympic Games where there will be tremendous amounts of social data to analyze. This is an ideal opportunity for ABC to introduce and implement Nexalogy AI solutions.

Nexalogy provides key insight from social data and when combined with traditional data captured with the DataTap device, organizations can see a unique blend of structured and unstructured information that is vital for Business Intelligence.

Under the terms of the agreement, Datametrex will receive an upfront payment from ABC which consists of a software license fee and applicable training and support. In addition, the companies will determine a revenue sharing model as sales are ramped on the DataTap and Nexalogy products across ABC’s sales channels. 

“We are excited to work with ABC and deliver them cutting edge Business Intelligence technology to key clients across South Korea. There are a number of near term opportunities that we are working on, and we see the accretive nature of this partnership moving rapidly,” said Andrew Ryu, Chairman and Chief Executive Officer of Datametrex AI.

About ABC Solutions

ABC is a leading software and solution provider across South Korea. It has key clients across the Fortune 1000 including government and private enterprise. ABC has a strong team focused on the data and security marketplace.

About Datametrex AI Limited

Datametrex AI is focused on the collection of retail sales data, providing government agencies and Fortune 500 corporations with artificial intelligence technology and implementing blockchain solutions for secure data transfers. The company is planning on integrating the DataTap environment to decentralized blockchains to further authenticate and validate the data collected.

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. 

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Nexalogy Enters into License and Development Agreement with Revive to Develop AI Component in Blockchain Enabled Patient-Focused Program

TORONTO, Nov. 27, 2017 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that the Company’s wholly owned subsidiary, Nexalogy Environics Inc., has entered into a license and development agreement (the “Agreement”) with Revive Therapeutics Ltd. ("Revive") (TSXV:RVV) (OTCQB:RVVTF) to develop the Artificial Intelligence (“AI”) component in Revive’s proprietary patient-focused program enabled by Blockchain technology dedicated to the medical cannabis industry.

“We are excited to work with Revive to develop their proprietary patient-focused program for their commercialization efforts in the medical cannabis sector. We believe there is a massive opportunity in developing unique technology solutions for all constituents in the medical cannabis sector and their proposed medical cannabis patient-focused platform that includes an AI component is one example of the many sector opportunities Nexalogy can target,” said Andrew Ryu, Chairman and Chief Executive Officer of the Company.

"I am very excited to be working with Nexalogy in developing our concept of a patient-focused program that is enabled by blockchain and AI technology, which will aim to provide licensed producers of medical cannabis and healthcare professionals a private, secure and authentic information source to drive new medical cannabis product innovations and to offer the highest possible quality of care to medical cannabis patients," said Fabio Chianelli, President of Revive. "Nexalogy, with its expertise and proprietary technologies specifically in AI, is an ideal partner to execute our plan to provide novel therapies and technology solutions for the medical cannabis sector."

Nexalogy AI solutions unlock valuable insights from social media data. Through its proprietary semantic clustering algorithms, it provides insights and analysis that are not 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.

Under the terms of the Agreement Datametrex will receive an upfront license fee along with monthly fees. Datametrex will grant to Revive a non-transferable, non-sub-licensable, and non-exclusive licence to use Nexalogy’s proprietary AI solution, solely to obtain insights and intelligence of medical cannabis user experience expressed on social media.  The duration of the Agreement is for six months and the Agreement may be extended at the request and acceptance by both Datametrex and Revive (the “Parties”).   

About Revive
Revive is focused on the research, development and commercialization of novel therapies and technologies for the pharmaceutical and medical cannabis sectors. Additional information on Revive is available at www.ReviveThera.com.

About Datametrex

Datametrex AI Limited is focused on the collection of retail sales data, providing Government Agencies and Fortune 500 corporations with Artificial Intelligence solutions and implementing blockchain solutions for secure data transfers. 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

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws, including statements regarding the timing and completion of any blockchain related activities as the subsidiary is newly incorporated and has no current operations. Forward-looking information is not a guarantee of future performance or results, since it involves risks and uncertainties. There is no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in forward-looking statements. Some of the factors on which the forward-looking statements are premised include (but are not limited to) the lack of material changes to general economic, market and business conditions. Except as required by law, the Corporation does not assume and expressly renounces any obligation to update any forward-looking information, which is only applicable on the date on which it is given.

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.

 

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Datametrex Announces Completion of its Acquisition of Nexalogy Environics and $5.75 Million Private Placement

TORONTO, Nov. 20, 2017 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that it has completed the acquisition of privately-held 9172-8766 Québec Inc. (doing business as Nexalogy Environics) (“Nexalogy”), a business intelligence and data analysis software provider to government agencies and Fortune 500 corporations (the “Acquisition”). Under the terms and conditions of the Acquisition, the Company acquired 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 less fees, expenses and debt adjustments made at closing. As partial consideration of the purchase price, Datametrex issued 13,817,273 common shares of the Company to the sellers of Nexalogy. Under the terms and conditions of the Acquisition, $600,000 in cash is payable to the Sellers over a three year period upon Nexalogy achieving certain agreed-upon revenue milestones.

“We are excited to welcome Claude Théoret and the Nexalogy team to Datametrex. They have developed a truly exceptional Artificial Intelligence (“AI”) solutions and business intelligence software product that, when combined with our POS technology will provide a state-of-the art data gathering and analysis platform that will be highly attractive to any number of customers seeking competitive insight, both in the private and public sectors,” said Andrew Ryu, CEO and Chairman of the Company.

The Company is also pleased to announce the completion of a previously announced non-brokered private placement of 57,500,000 units (each a “Unit”) at a price of $0.10 per Unit, for gross proceeds of $5,750,000 (the “Offering”), which had been oversubscribed. Each Unit consisted of one common share in the capital of the Company and one common share purchase warrant, with each warrant exercisable into one common share at a price of $0.15 for a period of 18 months after closing of the Offering (the “Warrant Expiry Date”). In the event that the volume-weighted average trading price of the common shares on the TSX Venture Exchange equals or exceeds $0.20 per common share for any period of 15 consecutive trading days, the Company may, at its option, within 10 business days following such 15-day period, accelerate the Warrant Expiry Date by issuing a press release (a “Warrant Acceleration Press Release”), and, in such case, the Warrant Expiry Date shall be deemed to be 5:00 p.m. (Toronto time) on the 15th day following the issuance of the Warrant Acceleration Press Release. Although the Offering was non-brokered, the Company compensated certain dealers and individuals who introduced subscribers to the Company (each a “Finder”) by way of (i) a cash fee to each such Finder equal to 8% of the aggregate gross proceeds of the subscribers introduced to the Company by such Finder; and (ii) an aggregate of 2,738,315 non-transferable common share purchase warrants (with identical terms as those warrants issued under the Offering) to all the Finders as a whole. Proceeds from the Offering were used in connection with the Acquisition and other working capital needs.

All securities issued in the Offering, including warrants issued to Finders, are subject to a hold period. Unless permitted by securities legislation, the common shares and warrants (and the underlying securities) may not be traded before March 21, 2018.

Certain insiders of the Company participated in the Offering and purchased an aggregate of 4,550,000 Units. Participation of such insiders in the Offering constituted a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), but is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of securities being issued to insiders nor the consideration being paid by insiders exceeded 25% of the Company’s market capitalization. None of the Company’s directors expressed any contrary views or disagreements with respect to the foregoing. The Company did not file a material change report 21 days prior to the closing of the Offering as the details of the participation of the insiders of the Company had not been confirmed at that time.

About the Company

Datametrex is a Big Data company for retail, brands, and other organizations. The Company’s DataTap technology captures sales data sent from the POS to the receipt printer and scanner, and then sends it to the cloud, so it can be presented on a dashboard 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.

About Nexalogy

Nexalogy AI solutions unlock 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.

To stay informed about Datametrex, please join our Investor Group on 8020 Connect http://bit.ly/2fPUNwF for all upcoming news releases, articles comments and questions.

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.

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, statements relating to the achievement of certain revenue milestones by Nexalogy, the successful combination of Nexalogy’s software with the Company’s technology and the attractiveness of the Company’s technology to customers seeking competitive insight are forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company.

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, the ability of management to successfully integrate Nexalogy into the Company’s business, the market failing to accept the Company’s products and technology, the Company faces substantial competition whereby any rapid advances in technology discovered, developed or commercialized by its competitors could cause the Company’s products to become obsolete, the ability to fund any future capital needs on terms acceptable to the Company, and the Company’s growth strategy not achieving the anticipated results.

Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

 

 



Datametrex AI Forms Subsidiary Focused on Implementing Blockchain Solutions

TORONTO, Nov. 07, 2017 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that it has incorporated a wholly owned subsidiary called Datametrex Blockchain Limited. This new subsidiary will identify blockchain opportunities that can both complement the existing platforms and other environments.

Datametrex is currently in discussion with several key organizations to explore specific solutions around how data captured in the Retail, Manufacturing, and Healthcare sectors as well as the Government, can benefit from both the combination of Artificial Intelligence (“AI”) and Data Authentication.

“We believe in the depth of our technology in collecting data and providing unique algorithms in AI that can provide cutting edge solutions in these markets. With the planned focus in Retail and Government verticals through our own technology and our planned acquisition of Nexalogy, we also have been making presentations to additional organizations in these other sectors,” said Andrew Ryu, Chairman and Chief Executive Officer of the Company.

About Datametrex

Datametrex is a Big Data company for retail, brands, and other organizations. The company’s DataTap technology captures sales data sent from the POS to the receipt printer and scanner, and then sends it to the cloud, so it can be presented on a dashboard 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

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws, including statements regarding the timing and completion of any blockchain related activities as the subsidiary is newly incorporated and has no current operations. Forward-looking information is not a guarantee of future performance or results, since it involves risks and uncertainties. There is no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in forward-looking statements. Some of the factors on which the forward-looking statements are premised include (but are not limited to) the lack of material changes to general economic, market and business conditions. Except as required by law, the Corporation does not assume and expressly renounces any obligation to update any forward-looking information, which is only applicable on the date on which it is given.

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.

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Datametrex is Positioned to Complete Acquisition of Nexalogy

TORONTO, Nov. 01, 2017 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSX-V:DM) (FSE:D4G) is pleased to announce that it is positioned to complete its previously-announced acquisition (the “Acquisition”) of 9172-8766 Quebec Inc. (doing business as Nexalogy Environics) (“Nexalogy”) and 9225-6965 Quebec Inc., an affiliate of Nexalogy, pursuant to a share purchase agreement dated September 25, 2017 (the “Purchase Agreement”). A copy of the Purchase Agreement can be found on the Corporation’s SEDAR profile. Closing of the Acquisition is expected to occur on or about November 20, 2017.

The Company is pleased to report that it has received $957,321.00 from the exercise of an aggregate of 9,864,280 share purchase warrants (“Warrants”) previously issued by the Company of which 6,964,280 Warrants were exercised at $0.075/share and 2,900,000 Warrants were exercised at $0.15/share. Proceeds from the exercise of the Warrants will be used towards closing of the Acquisition.

In addition, the Company is pleased to report that it has received orders for over $2,250,000 from existing shareholders of the Company, including orders in the aggregate amount of $1,500,000 from the Chairman and CEO of the Company, Mr. Andrew Ryu, and his friends, family and business associates of which $250,000 will come from Mr. Ryu personally, pursuant to the Company’s previously-announced non-brokered private placement of up to 50,000,000 units (“Units”) at a price of $0.10 per Unit, for gross proceeds of up to $5,000,000 (the “Offering”). Acceptance of the orders is subject to receipt of duly executed subscription agreements and wired funds from the subscribers of the Offering. The Company has the option to increase the size of the Offering by up to 15% at any time up to 48 hours before the closing of the Offering.  Proceeds from the Offering will be used in connection with closing of the Acquisition.  The Offering is expected to close on or about November 20, 2017 and is subject to acceptance by the TSX Venture Exchange.

“We are very pleased with the level of support received from our shareholders as demonstrated by the recent early exercise of Warrants as well as their participation in the Offering. It shows tremendous support for the acquisition of Nexalogy and our vision to implement blockchain technology into our product offering. The combination of gathering structured data through Datametrex’s DataTap and unstructured data though Nexalogy’s AI solutions, and collectively feeding the data into a blockchain platform will truly re-define business intelligence with the most optimum and relevant information.” said Andrew Ryu, Chairman and CEO of the Company.

About Nexalogy

Nexalogy AI solutions unlock valuable insights from social media data. Through its proprietary semantic clustering algorithms, it provides insights and analysis that are not 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 stay informed about Datametrex, please join our Investor Group on 8020 Connect http://bit.ly/2fPUNwF for all upcoming news releases, articles comments and questions.

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 contains certain forward-looking information within the meaning of Canadian securities laws. Generally, such forward-looking information 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”.

In particular, the forward-looking information includes information regarding the terms and completion of the Acquisition and the Offering, the use of proceeds from the exercise of Warrants and from the Offering and the future development of the Company’s business. By identifying such information in this manner, the Company is alerting the reader that such information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from those expressed or implied by such information. Such risks and uncertainties include the Company being unsuccessful in satisfying the conditions to closing of the Acquisition and of the Offering on the terms and timelines indicated including, without limitation, obtaining final approval from the TSX Venture Exchange.

The forward-looking information contained in this report 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. 

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Datametrex AI Limited announces proposed private placement

This release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or for dissemination in the United States

TORONTO, Nov. 01, 2017 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce a non-brokered private placement of up to 50,000,000 units (each a “Unit”) at a price of $0.10 per Unit, for gross proceeds of up to $5,000,000 (the “Offering”). The Company has the option to increase the size of the Offering by up to 15% at any time up to 48 hours before the closing the Offering.

Each Unit consists of one common share in the capital of the Company and one common share purchase warrant, with each warrant exercisable into one common share at a price of $0.15 for a period of 18 months after closing of the Offering (the “Warrant Expiry Date”). In the event that the volume-weighted average trading price of the common shares on the TSX Venture Exchange equals or exceeds $0.20 per common share for any period of 15 consecutive trading days, the Company may, at its option, within 10 business days following such 15-day period, accelerate the Warrant Expiry Date by issuing a press release (a “Warrant Acceleration Press Release”), and, in such case, the Warrant Expiry Date shall be deemed to be 5:00 p.m. (Toronto time) on the 15th day following the issuance of the Warrant Acceleration Press Release.

The Units are being issued in connection with the previously announced acquisition of 9172-8766 Quebec Inc. (doing business as Nexalogy Environics) (“Nexalogy”) and 9225-6965 Quebec Inc., an affiliate of Nexalogy, pursuant to a share purchase agreement dated September 25, 2017 (the “Purchase Agreement”). A copy of the Purchase Agreement can be found on the Company’s SEDAR profile.  

Upon satisfaction of certain conditions in the Purchase Agreement (the “Release Conditions”), the closing of the Offering will occur. The Company expects the Release Conditions to be satisfied on or about November 20, 2017. In the event that the Release Conditions are not satisfied by December 20, 2017, the proceeds of the Offering will be returned to subscribers, without interest. 

The Company may, as compensation to individuals that introduce subscribers to the Company (a “Finder”), and subject to regulatory approval: (i) pay cash commissions; and (ii) issue non-transferable common share purchase warrants (with identical terms as those warrants issued under the Offering) equal to 8% of the gross aggregate proceeds (the “Finder’s Fee”) of a subscription made by a subscriber who is introduced to the Company by such Finder upon satisfaction of the Release Conditions. 

The Offering is subject to certain conditions, including (but not limited to) the receipt of approval from the TSX Venture Exchange. The securities issued in connection with this private placement will be subject to a four-month hold period. Insiders may participate in the Offering. 

About Datametrex

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

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws, including statements regarding the terms, timing and completion of the proposed private placement and the anticipated use of proceeds. Forward-looking information is not a guarantee of future performance or results, since it involves risks and uncertainties. There is no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in forward-looking statements. Some of the factors on which the forward-looking statements are premised include (but are not limited to) the satisfaction or waiver of the conditions precedent to the completion of the private placement, the receipt of the approval of the TSX Venture Exchange, and the lack of material changes to general economic, market and business conditions. Forward-looking information is subject to the risk that those factors will not materialize, and to other risks, including the closing of the transaction contemplated by the Purchase Agreement. Except as required by law, the Company does not assume and expressly renounces any obligation to update any forward-looking information, which is only applicable on the date on which it is given.

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.

 

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Andrew Ryu Files Early Warning Report

TORONTO, Oct. 31, 2017 (GLOBE NEWSWIRE) -- Andrew Ryu announces that, through a series of acquisitions and dispositions on October 26 2017 and October 27, 2017, he has disposed ownership of a net total of 2,399,000 common shares of DataMetrex AI Limited (the “Corporation”), representing approximately 2.8% of the Corporation’s total issued and outstanding common shares, on a non-diluted basis (the “Transaction”).

The common shares were sold through the facilities of the TSX Venture Exchange for net cash consideration in the amount of $259,070.00 as follows:

Date Number of Common
Shares Sold
Number of Common
Shares Purchased
Price per Common
Share
Consideration
October 26, 2017 2,000,000   $0.11 $220,000.00
October 26, 2017 68,500   $0.125 $8,562.50
October 27, 2017   169,500 $0.115 $19,492.50
October 27, 2017 500,000   $0.10 $50,000.00

Mr. Ryu completed the Transaction for liquidity purposes and may, in the future, acquire or dispose of additional securities of the Corporation, through the market or otherwise, as circumstances or market conditions warrant, including participating in any future private placements of the Corporation.

Following the Transaction, Mr. Ryu controls, directly and indirectly, 16,601,000 common shares representing approximately 19.5% of the Corporation’s issued and outstanding common shares, on a non-diluted basis. There were 85,163,561 common shares issued and outstanding as of the date of each acquisition and disposition noted above.

This press release is issued pursuant to National Instrument 62-103 – The Early Warning Reporting System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions in which the Corporation is a reporting issuer containing information with respect to the foregoing matters (the “Early Warning Report”). A copy of the Early Warning Report will be available on the Corporation’s SEDAR profile and may also be obtained by contacting the Corporation or Andrew Ryu at 416-482-3282.

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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.