Datametrex AI Limited

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8020Admin started the topic DM News Alert: Announces Closing of Private Placement for Joint Venture Graph Blockchain Limited in group Datametrex AI Limited

Datametrex and Bitnine Global Announce Closing of Private Placement for Joint Venture Graph Blockchain Limited

TORONTO, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) and its San Francisco based joint venture partner Bitnine Global Inc. (“Bitnine”) are pleased to announce the closing of a non-brokered private placement (the “Financing”) for Graph Blockchain Limited (“Graph” or the “Joint Venture”). As a result of increased demand for the Financing, Graph increased the size of the offering from $1,000,000 to approximately $3,500,000. Pursuant to the terms of the Financing, an aggregate of 35,253,764 common shares in the capital of Graph were issued at a price of $0.10 per common share.

The use of proceeds from the Financing will provide Graph with the funding to continue to build its “Graph Blockchain” solutions for corporations and government agencies. Graph is developing a prototype for a utility company to analyze electric vehicle charging stations. Graph is also developing the blockchain component dedicated to the medical cannabis industry.

The graph database and blockchain technology being developed by the Joint Venture provides a unique way of organizing, analyzing and displaying blockchain transactional data in real-time. The Graph Database technology being developed by the Joint Venture processes blockchain data up to 1,000 times faster than traditional methods from 7 transactions per second (“TPS”) to 7,000 TPS. It is believed to be one of the most effective technologies to store, manage and present blockchain transactions specifically in peer-to-peer networks making it ideal for fintech, banking and other mission critical environments.

“We have deep domain expertise in Graph Databases and its inherent value in analyzing and presenting data much faster than traditional table based data structures. Bringing this process to the various private and public blockchain platforms is the mission and mandate of the JV, where we can increase performance of the blockchain and data presentation layer considerably,” says CheolSun Kang, CEO of Bitnine.      

“Having to upsize this Financing is a great vote of confidence for the Joint Venture. We look forward to moving forward with our planned spin-out of Graph as previously announced. Graph Blockchain technology is truly compelling for the industry, by not only improving transactional blockchain performance but by presenting data through graphs which is more effective than traditional relational databases,” said Andrew Ryu, CEO and Chairman of the Company.

About Graph Blockchain

Graph Blockchain is a joint venture formed between Datametrex and Bitnine. The JV mandate is to bring the value of graph database technology to the blockchain environment where there is a great need to speed performance and present the verified and authenticated data more effectively. Datametrex through Nexalogy and Bitnine graph technology will add tremendous value to blockchain processing and the presentation of its data.

About Bitnine Inc.

Bitnine is a San Francisco based leader of graph business solutions. Bitnine transcends big data problems by creating solutions that are consistently evolving. Bitnine was founded on principles of collaboration, innovation, science and creativity. Bitnine specializes in Graph Database technology solutions for key and unique data analysis.

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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 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 belief 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, statements regarding the terms, timing and completion of the proposed spin-out of Graph. By identifying such information and statements in this manner, the Company is 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.

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 are expressly qualified in its entirety by this notice.

 

 



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Darren Stewart replied to the topic DM News Alert: Completes Acquisition of Ronin Blockchain Corp. in group Datametrex AI Limited

Datametrex Completes Acquisition of Ronin Blockchain Corp.

TORONTO, Jan. 16, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that, further to its news release of December 15, 2017, it has signed the share purchase agreement and completed the acquisition of privately held Ronin Blockchain Corp. (“Ronin”), a global industrial scale Blockchain platform with a specific focus on mining multiple cryptocurrencies (the “Transaction”). As a result of the Transaction, Ronin is now a wholly-owned subsidiary of the Company.

Under the terms of the share purchase agreement, the Company acquired all of the issued and outstanding common shares of Ronin for an aggregate purchase price of $10 million. The purchase price will be paid in multiple installments, with Datametrex having issued to the vendors 22,000,000 common shares of the Company at $0.25 per share and paid $2,000,000 in cash at closing. The vendors will receive an additional $2,500,000 worth of common shares on or before the first anniversary of the closing date of the Transaction, which will be issued at a price per share equal to the volume weighted average price of the Company’s shares on the TSX Venture Exchange for the twenty day period prior to the issuance of the shares. 

In connection with the Transaction, the Company paid a finder’s fee of 1,311,128 common shares to the individual responsible for introducing Ronin and the Company.

All securities issued in connection with the Transaction are subject to a hold period of four months and one day from the date of issuance.

“We are thrilled to complete the acquisition of Ronin and offer our shareholders exposure to the exciting world of cryptocurrency mining and trading. Acquiring a world-class team of directors, officers and advisors with a vision to becoming the largest crypto mining company in the world was an opportunity we had to take advantage of. The fact that the directors, officers and advisors of Ronin participated for approximately half of the $3M in our previously announced unit financing at $0.35 a unit, representing a $0.10 premium to the shares they received for the acquisition, demonstrates their commitment and belief in the strategy. We see the value of crypto mining and the specific data that will be generated as the industry matures,” said Andrew Ryu, CEO and Chairman of the Company.

About Ronin Blockchain Corp.

Ronin is a private company located in Vancouver B.C. Ronin’s objective is to become a large player in the industrial Blockchain mining sector through a concentrated focus on scale, innovative technologies and low-cost energy supply.

Ronin’s business model is based on an industrial scale Blockchain platform, which enables the company to access and manage global cryptocurrency mining. Ronin has the potential to provide state of the art mining capability across the world and to utilize its scale, beginning in China, to maximize efficiency and profitability across the arbitrage opportunities that exist for GPU-based mining. Additionally, Ronin will use its advanced Artificial Intelligence algorithms for currency and system optimization. Ronin will also use API protocols to eventually make more efficient integration from mining to mobile wallets. Ronin is currently working on identifying additional jurisdictions for mining opportunities, including Quebec, British Columbia and Eastern Europe, as it develops its international footprint.

Ronin entered into a binding Memorandum of Understanding with GoSun Group (“GoSun”). GoSun was founded in 2006 and is one of China’s largest infrastructure and networking companies with over 90 operating data centers in China.

The Memorandum of Understanding outlines the following key points:

  • An opportunity to gain access, for the purposes of crypto mining, to 10 GoSun data centers by January 1st, 2018, with a minimum of 20 racks per data center.
     
  • Access to at least 15 additional data centers per quarter for MaaS starting in Q1 2018.
     
  • Access to all 90 data centers by Q3 2019. 
     
  • “Most favored nation” pricing for all electricity and flow through pricing if the provider reduces any costs related to electricity.

The GoSun partnership will provide Ronin with access to the world’s largest Blockchain mining market with the previously discussed fundamental drivers for success: fast internet connections, low cost energy delivery, proximity to miners and equipment producers.

The following are the directors, officers and advisors to Ronin as a result of the Transaction.

Darcy Taylor, President & Director
Darcy has over 20+ years in senior leadership roles and a proven track record across multiple industries spanning, Asia, Europe and North America. A Blockchain technology enthusiast since 2013, his pan Asian experience while residing in Seoul, Korea exposed him to the potential for the technology to disrupt a multitude of industries. Prior to his international experience, Darcy was CEO of MASEV Communications Inc., that was successfully acquired by IMG Canada.

Andrew Ryu, Chief Executive Officer and Executive Chairman 
Andrew Ryu is a seasoned and experienced entrepreneur and operator in public and private companies. He was a founder and CEO of TLA Inc., president of business development of Archer Education Group, and founder and former CEO of Loyalist Group Limited, which was nominated as the top TSXV company in 2013, ranked fourth in 2014, and was the top pick of the street in 2014. He was nominated entrepreneur of the year in 2014 by EY.

Jeffrey Stevens, Director
Jeff brings over 18 years of professional experience in the Canadian Capital Markets, largely focusing on raising capital for micro-cap and small cap companies. He is currently President and COO of Datametrex AI Limited (TSXV:DM) and sits on the board of one other public company. He has worked in the Retail, Buy, and Sell sides of the industry, having held positions as Assistant Investment Advisor, Arbitrage Trader, as well as having been the head of two Sales and Trading desks in Toronto. During his tenure Jeff was involved in raising in excess of $500M for public and private companies with a client base including Institutional Money Managers, Hedge Funds, Mutual Funds and Family Offices in Canada, US and Europe.

Michael Frank, Director
Michael has over 20 years of experience in the high technology sector in operations, business development, mergers and acquisitions and raising funding in the capital markets. He served as the Chief Executive Officer of Sprylogics International Corp. from July 2007 to September 19, 2011. He served as a Senior Consultant with Woods Gordon, where he managed a variety of accounts for clients using IBM mid-range systems. He also served as Vice President of Strategic Alliances at Medcomsoft Inc., where he developed and managed all key strategic partnerships to accelerate market penetration and to build market share in the healthcare industry. He served as an Executive Vice President of Hutchison Avenue Software since 1999, where he was instrumental in its sale to Intuit Corporation and has held senior sales/marketing roles at Data General and NCR. He served as Vice President of Business Development at BrandEra.com, an online marketplace for the advertising community. As Director of Mifran Consulting, he provided advisory services to emerging technology firms, including Nightingale Informatix, a leading supplier of EMR (Electronic Medical Records) technology across North America. Mr. Frank earned his Bachelor's degree in Commerce and Finance from McGill University in 1982.

Mike Edwards, Director
A lifelong entrepreneur, Mike Edwards has started and invested in technology companies for over 20 years. Mike is actively involved in growing and supporting the crypto currency startup community and connecting local entrepreneurs with the right investors, mentors and influencers in Silicon Valley, New York, Europe and Asia.

Ronin is additionally putting together an elite Blockchain advisory board which is composed of the following individuals:

Gil Penchina
Cryptocurrency expert, who is known worldwide for his involvement and leadership in the cryptocurrency industry. Two successful initial coin offerings (“ICO”) in Brave (BAT) and Ripple (XRP). Gil also runs the largest syndicate on AngelList and was an early investor in LinkedIn, Blockstream and UXPin.

Roham Gharegozlou
Founder and CEO of CryptoKitties, the world's most successful Blockchain game. He is also the CEO of Axiom Zen, an award-winning venture studio that specializes in applying emerging Blockchain technologies to unsolved business problems. Rohan has been working with bitcoin and various forms of Blockchain and distributed ledger technologies since 2014.

Thomas Kineshanko
Tom has been an investor in cryptocurrency and ICOs since their early days in 2012. In addition to co-founding Protos Cryptocurrency Asset Management, Tom has been a Founder and General Partner of First Block Capital, Canada’s first regulated crypto investment firm, since March 2017. Tom also co-founded Fintech Enterprises Inc., one of the first North American buy/hold Bitcoin and Ether funds, as well as the Blockchain platform Walter.ai.

Dean Sutton
Always focused on emerging technology, Dean has been in the digital asset industry since 2012 when he started in digital mining and working with teams to develop decentralized technologies. Currently he is a sought after Blockchain industry thought leader, investor and speaker, advisor to the Blockchain Association of Canada, and founder of BlockTech Ventures Inc.

Kyle Campbell
Kyle is a respected crypto software engineer. He sold his first company to Zillow Group after only 8 months. He is now working on his second company; Hack Capital, maker of CTO.ai - an intelligence product that helps any company build high performing engineering teams focusing on the Blockchain and Crypto Mining Optimization.

Visit Ronin at: www.roninblockchain.com for more information.

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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 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 belief 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, statements regarding the expected benefits of the Transaction. By identifying such information and statements in this manner, the Company is 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.

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 are expressly qualified in its entirety by this notice.

News Provided by GlobeNewswire via QuoteMedia


Bigearnshirt
Great work Jeff and the team! Now all we need is some juicy details to follow up this acquisition and let the shareholders know the game plan. Mining gear? Mining to start still in or around Feb 01, 2018? Ease our minds on the growing China developments regarding mining bans. Thanks!
57d34f5b90084 bpfull
Greta work

Bigearnshirt
BigEarn4 days

BigEarn replied to the topic DM News Alert: Completes Acquisition of Ronin Blockchain Corp. in group Datametrex AI Limited

Datametrex Completes Acquisition of Ronin Blockchain Corp.

TORONTO, Jan. 16, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that, further to its news release of December 15, 2017, it has signed the share purchase agreement and completed the acquisition of privately held Ronin Blockchain Corp. (“Ronin”), a global industrial scale Blockchain platform with a specific focus on mining multiple cryptocurrencies (the “Transaction”). As a result of the Transaction, Ronin is now a wholly-owned subsidiary of the Company.

Under the terms of the share purchase agreement, the Company acquired all of the issued and outstanding common shares of Ronin for an aggregate purchase price of $10 million. The purchase price will be paid in multiple installments, with Datametrex having issued to the vendors 22,000,000 common shares of the Company at $0.25 per share and paid $2,000,000 in cash at closing. The vendors will receive an additional $2,500,000 worth of common shares on or before the first anniversary of the closing date of the Transaction, which will be issued at a price per share equal to the volume weighted average price of the Company’s shares on the TSX Venture Exchange for the twenty day period prior to the issuance of the shares. 

In connection with the Transaction, the Company paid a finder’s fee of 1,311,128 common shares to the individual responsible for introducing Ronin and the Company.

All securities issued in connection with the Transaction are subject to a hold period of four months and one day from the date of issuance.

“We are thrilled to complete the acquisition of Ronin and offer our shareholders exposure to the exciting world of cryptocurrency mining and trading. Acquiring a world-class team of directors, officers and advisors with a vision to becoming the largest crypto mining company in the world was an opportunity we had to take advantage of. The fact that the directors, officers and advisors of Ronin participated for approximately half of the $3M in our previously announced unit financing at $0.35 a unit, representing a $0.10 premium to the shares they received for the acquisition, demonstrates their commitment and belief in the strategy. We see the value of crypto mining and the specific data that will be generated as the industry matures,” said Andrew Ryu, CEO and Chairman of the Company.

About Ronin Blockchain Corp.

Ronin is a private company located in Vancouver B.C. Ronin’s objective is to become a large player in the industrial Blockchain mining sector through a concentrated focus on scale, innovative technologies and low-cost energy supply.

Ronin’s business model is based on an industrial scale Blockchain platform, which enables the company to access and manage global cryptocurrency mining. Ronin has the potential to provide state of the art mining capability across the world and to utilize its scale, beginning in China, to maximize efficiency and profitability across the arbitrage opportunities that exist for GPU-based mining. Additionally, Ronin will use its advanced Artificial Intelligence algorithms for currency and system optimization. Ronin will also use API protocols to eventually make more efficient integration from mining to mobile wallets. Ronin is currently working on identifying additional jurisdictions for mining opportunities, including Quebec, British Columbia and Eastern Europe, as it develops its international footprint.

Ronin entered into a binding Memorandum of Understanding with GoSun Group (“GoSun”). GoSun was founded in 2006 and is one of China’s largest infrastructure and networking companies with over 90 operating data centers in China.

The Memorandum of Understanding outlines the following key points:

  • An opportunity to gain access, for the purposes of crypto mining, to 10 GoSun data centers by January 1st, 2018, with a minimum of 20 racks per data center.
     
  • Access to at least 15 additional data centers per quarter for MaaS starting in Q1 2018.
     
  • Access to all 90 data centers by Q3 2019. 
     
  • “Most favored nation” pricing for all electricity and flow through pricing if the provider reduces any costs related to electricity.

The GoSun partnership will provide Ronin with access to the world’s largest Blockchain mining market with the previously discussed fundamental drivers for success: fast internet connections, low cost energy delivery, proximity to miners and equipment producers.

The following are the directors, officers and advisors to Ronin as a result of the Transaction.

Darcy Taylor, President & Director
Darcy has over 20+ years in senior leadership roles and a proven track record across multiple industries spanning, Asia, Europe and North America. A Blockchain technology enthusiast since 2013, his pan Asian experience while residing in Seoul, Korea exposed him to the potential for the technology to disrupt a multitude of industries. Prior to his international experience, Darcy was CEO of MASEV Communications Inc., that was successfully acquired by IMG Canada.

Andrew Ryu, Chief Executive Officer and Executive Chairman 
Andrew Ryu is a seasoned and experienced entrepreneur and operator in public and private companies. He was a founder and CEO of TLA Inc., president of business development of Archer Education Group, and founder and former CEO of Loyalist Group Limited, which was nominated as the top TSXV company in 2013, ranked fourth in 2014, and was the top pick of the street in 2014. He was nominated entrepreneur of the year in 2014 by EY.

Jeffrey Stevens, Director
Jeff brings over 18 years of professional experience in the Canadian Capital Markets, largely focusing on raising capital for micro-cap and small cap companies. He is currently President and COO of Datametrex AI Limited (TSXV:DM) and sits on the board of one other public company. He has worked in the Retail, Buy, and Sell sides of the industry, having held positions as Assistant Investment Advisor, Arbitrage Trader, as well as having been the head of two Sales and Trading desks in Toronto. During his tenure Jeff was involved in raising in excess of $500M for public and private companies with a client base including Institutional Money Managers, Hedge Funds, Mutual Funds and Family Offices in Canada, US and Europe.

Michael Frank, Director
Michael has over 20 years of experience in the high technology sector in operations, business development, mergers and acquisitions and raising funding in the capital markets. He served as the Chief Executive Officer of Sprylogics International Corp. from July 2007 to September 19, 2011. He served as a Senior Consultant with Woods Gordon, where he managed a variety of accounts for clients using IBM mid-range systems. He also served as Vice President of Strategic Alliances at Medcomsoft Inc., where he developed and managed all key strategic partnerships to accelerate market penetration and to build market share in the healthcare industry. He served as an Executive Vice President of Hutchison Avenue Software since 1999, where he was instrumental in its sale to Intuit Corporation and has held senior sales/marketing roles at Data General and NCR. He served as Vice President of Business Development at BrandEra.com, an online marketplace for the advertising community. As Director of Mifran Consulting, he provided advisory services to emerging technology firms, including Nightingale Informatix, a leading supplier of EMR (Electronic Medical Records) technology across North America. Mr. Frank earned his Bachelor's degree in Commerce and Finance from McGill University in 1982.

Mike Edwards, Director
A lifelong entrepreneur, Mike Edwards has started and invested in technology companies for over 20 years. Mike is actively involved in growing and supporting the crypto currency startup community and connecting local entrepreneurs with the right investors, mentors and influencers in Silicon Valley, New York, Europe and Asia.

Ronin is additionally putting together an elite Blockchain advisory board which is composed of the following individuals:

Gil Penchina
Cryptocurrency expert, who is known worldwide for his involvement and leadership in the cryptocurrency industry. Two successful initial coin offerings (“ICO”) in Brave (BAT) and Ripple (XRP). Gil also runs the largest syndicate on AngelList and was an early investor in LinkedIn, Blockstream and UXPin.

Roham Gharegozlou
Founder and CEO of CryptoKitties, the world's most successful Blockchain game. He is also the CEO of Axiom Zen, an award-winning venture studio that specializes in applying emerging Blockchain technologies to unsolved business problems. Rohan has been working with bitcoin and various forms of Blockchain and distributed ledger technologies since 2014.

Thomas Kineshanko
Tom has been an investor in cryptocurrency and ICOs since their early days in 2012. In addition to co-founding Protos Cryptocurrency Asset Management, Tom has been a Founder and General Partner of First Block Capital, Canada’s first regulated crypto investment firm, since March 2017. Tom also co-founded Fintech Enterprises Inc., one of the first North American buy/hold Bitcoin and Ether funds, as well as the Blockchain platform Walter.ai.

Dean Sutton
Always focused on emerging technology, Dean has been in the digital asset industry since 2012 when he started in digital mining and working with teams to develop decentralized technologies. Currently he is a sought after Blockchain industry thought leader, investor and speaker, advisor to the Blockchain Association of Canada, and founder of BlockTech Ventures Inc.

Kyle Campbell
Kyle is a respected crypto software engineer. He sold his first company to Zillow Group after only 8 months. He is now working on his second company; Hack Capital, maker of CTO.ai - an intelligence product that helps any company build high performing engineering teams focusing on the Blockchain and Crypto Mining Optimization.

Visit Ronin at: www.roninblockchain.com for more information.

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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 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 belief 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, statements regarding the expected benefits of the Transaction. By identifying such information and statements in this manner, the Company is 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.

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 are expressly qualified in its entirety by this notice.

News Provided by GlobeNewswire via QuoteMedia


Bigearnshirt
Great work Jeff and the team! Now all we need is some juicy details to follow up this acquisition and let the shareholders know the game plan. Mining gear? Mining to start still in or around Feb 01, 2018? Ease our minds on the growing China developments regarding mining bans. Thanks!
57d34f5b90084 bpfull
Greta work

8020 monitor 200 200  png
8020Admin4 days

8020Admin started the topic DM News Alert: Completes Acquisition of Ronin Blockchain Corp. in group Datametrex AI Limited

Datametrex Completes Acquisition of Ronin Blockchain Corp.

TORONTO, Jan. 16, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that, further to its news release of December 15, 2017, it has signed the share purchase agreement and completed the acquisition of privately held Ronin Blockchain Corp. (“Ronin”), a global industrial scale Blockchain platform with a specific focus on mining multiple cryptocurrencies (the “Transaction”). As a result of the Transaction, Ronin is now a wholly-owned subsidiary of the Company.

Under the terms of the share purchase agreement, the Company acquired all of the issued and outstanding common shares of Ronin for an aggregate purchase price of $10 million. The purchase price will be paid in multiple installments, with Datametrex having issued to the vendors 22,000,000 common shares of the Company at $0.25 per share and paid $2,000,000 in cash at closing. The vendors will receive an additional $2,500,000 worth of common shares on or before the first anniversary of the closing date of the Transaction, which will be issued at a price per share equal to the volume weighted average price of the Company’s shares on the TSX Venture Exchange for the twenty day period prior to the issuance of the shares. 

In connection with the Transaction, the Company paid a finder’s fee of 1,311,128 common shares to the individual responsible for introducing Ronin and the Company.

All securities issued in connection with the Transaction are subject to a hold period of four months and one day from the date of issuance.

“We are thrilled to complete the acquisition of Ronin and offer our shareholders exposure to the exciting world of cryptocurrency mining and trading. Acquiring a world-class team of directors, officers and advisors with a vision to becoming the largest crypto mining company in the world was an opportunity we had to take advantage of. The fact that the directors, officers and advisors of Ronin participated for approximately half of the $3M in our previously announced unit financing at $0.35 a unit, representing a $0.10 premium to the shares they received for the acquisition, demonstrates their commitment and belief in the strategy. We see the value of crypto mining and the specific data that will be generated as the industry matures,” said Andrew Ryu, CEO and Chairman of the Company.

About Ronin Blockchain Corp.

Ronin is a private company located in Vancouver B.C. Ronin’s objective is to become a large player in the industrial Blockchain mining sector through a concentrated focus on scale, innovative technologies and low-cost energy supply.

Ronin’s business model is based on an industrial scale Blockchain platform, which enables the company to access and manage global cryptocurrency mining. Ronin has the potential to provide state of the art mining capability across the world and to utilize its scale, beginning in China, to maximize efficiency and profitability across the arbitrage opportunities that exist for GPU-based mining. Additionally, Ronin will use its advanced Artificial Intelligence algorithms for currency and system optimization. Ronin will also use API protocols to eventually make more efficient integration from mining to mobile wallets. Ronin is currently working on identifying additional jurisdictions for mining opportunities, including Quebec, British Columbia and Eastern Europe, as it develops its international footprint.

Ronin entered into a binding Memorandum of Understanding with GoSun Group (“GoSun”). GoSun was founded in 2006 and is one of China’s largest infrastructure and networking companies with over 90 operating data centers in China.

The Memorandum of Understanding outlines the following key points:

  • An opportunity to gain access, for the purposes of crypto mining, to 10 GoSun data centers by January 1st, 2018, with a minimum of 20 racks per data center.
     
  • Access to at least 15 additional data centers per quarter for MaaS starting in Q1 2018.
     
  • Access to all 90 data centers by Q3 2019. 
     
  • “Most favored nation” pricing for all electricity and flow through pricing if the provider reduces any costs related to electricity.

The GoSun partnership will provide Ronin with access to the world’s largest Blockchain mining market with the previously discussed fundamental drivers for success: fast internet connections, low cost energy delivery, proximity to miners and equipment producers.

The following are the directors, officers and advisors to Ronin as a result of the Transaction.

Darcy Taylor, President & Director
Darcy has over 20+ years in senior leadership roles and a proven track record across multiple industries spanning, Asia, Europe and North America. A Blockchain technology enthusiast since 2013, his pan Asian experience while residing in Seoul, Korea exposed him to the potential for the technology to disrupt a multitude of industries. Prior to his international experience, Darcy was CEO of MASEV Communications Inc., that was successfully acquired by IMG Canada.

Andrew Ryu, Chief Executive Officer and Executive Chairman 
Andrew Ryu is a seasoned and experienced entrepreneur and operator in public and private companies. He was a founder and CEO of TLA Inc., president of business development of Archer Education Group, and founder and former CEO of Loyalist Group Limited, which was nominated as the top TSXV company in 2013, ranked fourth in 2014, and was the top pick of the street in 2014. He was nominated entrepreneur of the year in 2014 by EY.

Jeffrey Stevens, Director
Jeff brings over 18 years of professional experience in the Canadian Capital Markets, largely focusing on raising capital for micro-cap and small cap companies. He is currently President and COO of Datametrex AI Limited (TSXV:DM) and sits on the board of one other public company. He has worked in the Retail, Buy, and Sell sides of the industry, having held positions as Assistant Investment Advisor, Arbitrage Trader, as well as having been the head of two Sales and Trading desks in Toronto. During his tenure Jeff was involved in raising in excess of $500M for public and private companies with a client base including Institutional Money Managers, Hedge Funds, Mutual Funds and Family Offices in Canada, US and Europe.

Michael Frank, Director
Michael has over 20 years of experience in the high technology sector in operations, business development, mergers and acquisitions and raising funding in the capital markets. He served as the Chief Executive Officer of Sprylogics International Corp. from July 2007 to September 19, 2011. He served as a Senior Consultant with Woods Gordon, where he managed a variety of accounts for clients using IBM mid-range systems. He also served as Vice President of Strategic Alliances at Medcomsoft Inc., where he developed and managed all key strategic partnerships to accelerate market penetration and to build market share in the healthcare industry. He served as an Executive Vice President of Hutchison Avenue Software since 1999, where he was instrumental in its sale to Intuit Corporation and has held senior sales/marketing roles at Data General and NCR. He served as Vice President of Business Development at BrandEra.com, an online marketplace for the advertising community. As Director of Mifran Consulting, he provided advisory services to emerging technology firms, including Nightingale Informatix, a leading supplier of EMR (Electronic Medical Records) technology across North America. Mr. Frank earned his Bachelor's degree in Commerce and Finance from McGill University in 1982.

Mike Edwards, Director
A lifelong entrepreneur, Mike Edwards has started and invested in technology companies for over 20 years. Mike is actively involved in growing and supporting the crypto currency startup community and connecting local entrepreneurs with the right investors, mentors and influencers in Silicon Valley, New York, Europe and Asia.

Ronin is additionally putting together an elite Blockchain advisory board which is composed of the following individuals:

Gil Penchina
Cryptocurrency expert, who is known worldwide for his involvement and leadership in the cryptocurrency industry. Two successful initial coin offerings (“ICO”) in Brave (BAT) and Ripple (XRP). Gil also runs the largest syndicate on AngelList and was an early investor in LinkedIn, Blockstream and UXPin.

Roham Gharegozlou
Founder and CEO of CryptoKitties, the world's most successful Blockchain game. He is also the CEO of Axiom Zen, an award-winning venture studio that specializes in applying emerging Blockchain technologies to unsolved business problems. Rohan has been working with bitcoin and various forms of Blockchain and distributed ledger technologies since 2014.

Thomas Kineshanko
Tom has been an investor in cryptocurrency and ICOs since their early days in 2012. In addition to co-founding Protos Cryptocurrency Asset Management, Tom has been a Founder and General Partner of First Block Capital, Canada’s first regulated crypto investment firm, since March 2017. Tom also co-founded Fintech Enterprises Inc., one of the first North American buy/hold Bitcoin and Ether funds, as well as the Blockchain platform Walter.ai.

Dean Sutton
Always focused on emerging technology, Dean has been in the digital asset industry since 2012 when he started in digital mining and working with teams to develop decentralized technologies. Currently he is a sought after Blockchain industry thought leader, investor and speaker, advisor to the Blockchain Association of Canada, and founder of BlockTech Ventures Inc.

Kyle Campbell
Kyle is a respected crypto software engineer. He sold his first company to Zillow Group after only 8 months. He is now working on his second company; Hack Capital, maker of CTO.ai - an intelligence product that helps any company build high performing engineering teams focusing on the Blockchain and Crypto Mining Optimization.

Visit Ronin at: www.roninblockchain.com for more information.

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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 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 belief 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, statements regarding the expected benefits of the Transaction. By identifying such information and statements in this manner, the Company is 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.

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 are expressly qualified in its entirety by this notice.

News Provided by GlobeNewswire via QuoteMedia


Bigearnshirt
Great work Jeff and the team! Now all we need is some juicy details to follow up this acquisition and let the shareholders know the game plan. Mining gear? Mining to start still in or around Feb 01, 2018? Ease our minds on the growing China developments regarding mining bans. Thanks!
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logan_km replied to the topic DM News Alert: Announces Increase in Size of Proposed Private Placement in group Datametrex AI Limited

Datametrex AI Limited Announces Increase in Size of Proposed Private Placement

TORONTO, ONTARIO--(Marketwired - Jan. 10, 2018) - Datametrex AI Limited (the "Company" or "Datametrex") (TSX VENTURE:DM)(FRANKFURT:D4G) is pleased to announce that it has exercised its option to increase the size of its previously announced non-brokered private placement (the "Offering"). Specifically, the Company has increased the size of the non-brokered private placement from 5,714,286 units for gross proceeds of $2,000,000 to 8,571,428 for gross proceeds of $3,000,000.

All other terms of the private placement remain the same.

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.

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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.

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 belief 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, statements regarding the terms, timing and completion of the proposed private placement and the anticipated use of proceeds. By identifying such information and statements in this manner, the Company is 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.

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 are expressly qualified in its entirety by this notice.

Datametrex AI Limited
Jeffrey Stevens
President & COO
(647) 400-8494
jstevens@datametrex.com
www.datametrex.com

News Provided by Marketwired via QuoteMedia


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Evening Jeff. Thinking I may want to get in on this round of financing. Who shall I contact? Also, I. Understand China is looking to ban crypto mining. Concerns/plans to address?

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8020Admin10 days

8020Admin started the topic DM News Alert: Announces Increase in Size of Proposed Private Placement in group Datametrex AI Limited

Datametrex AI Limited Announces Increase in Size of Proposed Private Placement

TORONTO, ONTARIO--(Marketwired - Jan. 10, 2018) - Datametrex AI Limited (the "Company" or "Datametrex") (TSX VENTURE:DM)(FRANKFURT:D4G) is pleased to announce that it has exercised its option to increase the size of its previously announced non-brokered private placement (the "Offering"). Specifically, the Company has increased the size of the non-brokered private placement from 5,714,286 units for gross proceeds of $2,000,000 to 8,571,428 for gross proceeds of $3,000,000.

All other terms of the private placement remain the same.

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.

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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.

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 belief 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, statements regarding the terms, timing and completion of the proposed private placement and the anticipated use of proceeds. By identifying such information and statements in this manner, the Company is 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.

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 are expressly qualified in its entirety by this notice.

Datametrex AI Limited
Jeffrey Stevens
President & COO
(647) 400-8494
jstevens@datametrex.com
www.datametrex.com

News Provided by Marketwired via QuoteMedia


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Evening Jeff. Thinking I may want to get in on this round of financing. Who shall I contact? Also, I. Understand China is looking to ban crypto mining. Concerns/plans to address?

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8020Admin12 days

8020Admin started the topic DM News Alert: Announces Binding LOI to Acquire Shoptalk Analytics in group Datametrex AI Limited

Datametrex Announces Binding LOI to Acquire Shoptalk Analytics

TORONTO, Jan. 08, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSX-V:DM) (FSE:D4G) is pleased to announce that it has entered into a binding letter of intent (“LOI”) to acquire all of the outstanding common shares of Shoptalk Analytics Group Inc. (“Shoptalk”), a Toronto based data collection company focused on independent pharmacies in the United States of America (the “Transaction”

Pursuant to the terms of the LOI, the proposed consideration for the Transaction is an aggregate amount of four million dollars ($4.0 million CAD) payable by a combination of cash and common shares (“Shares”) in the capital of the Corporation on the following basis:

  1. $500,000 CAD on the Closing Date (as defined below) of which 50% shall be payable in cash and the remaining 50% shall be satisfied by the issuance of Shares. The price at which the Shares will be issued will be equal to the volume weighted average price of the Shares on the TSX Venture Exchange for the twenty (20) days prior to Closing Date;
     
  2. $500,000 CAD of which 50% shall be payable in cash and the remaining 50% shall be satisfied by the issuance of Shares at the time Shoptalk achieves the first milestone of 100 paying locations within 6 months from the Closing Date (the “First Milestone”). The price at which these Shares shall be issued will be equal to the volume weighted average price of the Shares for the twenty (20) days prior to achieving the First Milestone;
     
  3. $1,000,000 CAD which will be satisfied by the issuance of Shares at the time Shoptalk achieves the second milestone of an aggregate of 200 locations within 12 months from the Closing Date (the “Second Milestone”). The price at which the Shares will be issued if the Second Milestone is achieved shall be equal to the volume weighted average price of the Shares for the twenty (20) days prior to achieving the Second Milestone; and.     
     
  4. $2,000,000 CAD which will be satisfied by the issuance of Shares at the time Shoptalk on achieves the third milestone of an aggregate of 500 paying locations within 26 months of Closing Date (the “Third Milestone”). The price at which the Shares will be issued if the Third Milestone is achieved shall be equal to the volume weighted average price of the Shares for the twenty (20) days prior to achieving the Third Milestone.

The Transaction is subject to the Corporation and Shoptalk entering into a definitive acquisition agreement (the “Acquisition Agreement”) which shall contain customary terms and conditions for a transaction of this nature.

The Transaction is anticipated to close on or about February 5, 2018 (the “Closing Date”) and it is anticipated that the Acquisition Agreement will be entered into on or about January 31, 2018. The Transaction is subject to the approval of the TSX Venture Exchange and certain conditions pursuant to the terms of the LOI, including satisfactory of due diligence.

"Shoptalk Analytics is looking forward to joining the Datametrex family. With a proven footprint in the US independent pharmacy sector, HIPPA compliant data collection methods, and a growing loyalty member base, we provide the independent pharmacy market (22,000 locations in the US alone) with the tools to stay relevant and compete against the big pharmacy chains by leveraging big data and rewards. The Datametrex acquisition will further our reach into the market, and provide us with valuable AI support in the areas of predictive analytics and customer engagement," says Enmanuel Rumbos, Shoptalk's Chief Executive Officer and President.

“The collection of POS (Point-of-Sale) and other data from independent pharmacies is an integral part of the US healthcare technology market. The US pharmaceutical sector was valued around $446 billion in 2016. US healthcare standards such as HIPAA (Healthcare Insurance Portability and Accountability Act) and HL7 (Health Level Seven International) are more prevalent than ever, and Shoptalk Analytic’s data collection platform will integrate with these standards and protocols providing vital information between healthcare providers. Datametrex sees the value of the data in this sector and how the DataTap, Nexalogy AI and Shoptalk will become a major business intelligence technology solution for the US and international pharmacy market,” says Andrew Ryu, Chairman and CEO.    

About Shoptalk Analytics

Shoptalk provides technology hardware and software to the US independent pharmacy market. The solutions capture vital real-time POS and other related data for key decision making by a number of healthcare providers. The company has a key distribution agreement with McKesson Corporation.    

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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 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 belief 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, statements regarding the terms, timing and completion of the proposed Transaction. By identifying such information and statements in this manner, the Company is 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.

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 are expressly qualified in its entirety by this notice.


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Bob replied 12 days ago
Well done Datametrex team!!!! It’s amazing how far this company has come since July.Check out our news releases since July.Our management really knows how to execute a plan. Thanks for the updates Jeff!! Regards Bob

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DArcy posted an update in the group DATAMETREX AI LIMITED

Congratulations to Datametrex AI, Andrew Ryu, CEO, Jeff Stevens, President, and all the shareholders and interested investors for being the first 8020 Community listing to reach over 200 members in their Investor Group!



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Jeff Stevens posted an update in the group DATAMETREX AI LIMITED

Hello everyone, I just returned from Beijing this evening. It was a great to meet the Gosun team and tour a few of their 90 + data centers. Such a fantastic relationship for us to have via Ronin founders. Infrastructure, power and in country connections as key aspects to this opp that money can't buy. I know there are lots of questions regarding the Graph Blockchain spinout. I will do my best to get back to you early next week with answers. I have a lot to catch up on tomorrow and we need to stay focused on completing everything for the Ronin acquisition. Thank you all for your continued support. Best , Jeff



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Jonathan Kurtz posted an update in the group DATAMETREX AI LIMITED

I'm new to markets and investment. Little money. Bitcoin bystander. Watching from sidelines. Wanna jump into blockchain. When I read about Graph Blockchain transactions being 7000x faster than traditional blockchain methods, am I delusional to think that this is 7000x more efficient than Bitcoin blockchain? Wouldn't the blockchain industry want to lean towards a way more highly efficient transaction that DM/Bitnine Blockchain has to offer? AI would be self learning software?



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Terry Harris replied to the topic DM News Alert: Plans to Spin Out Graph Blockchain Joint Venture in group Datametrex AI Limited

Datametrex Plans to Spin Out Graph Blockchain Joint Venture

TORONTO, Jan. 04, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) and its San Francisco based joint venture partner Bitnine Global Inc. (“Bitnine”) are pleased to announce its plan to spin out its joint venture entity Graph Blockchain Limited (“Graph”), together with all of its assets and liabilities as a separate operating entity to create a standalone publicly traded company (the “Proposed Spin-Out”).

Pursuant to the terms of the Proposed Spin-Out, it is anticipated that Datametrex will set a record date in the future, (the “Record Date”) pursuant to which shareholders as of the Record Date will be entitled to receive one (1) common share in the capital of Graph for every twenty (20) common shares of Datametrex held. The Proposed Spin-Out will be subject to regulatory approval, including the approval of the TSX Venture Exchange and the shareholders of Datametrex (if required).

Graph Blockchain is in the process of building a prototype for a utility company to analyze electric vehicle charging stations and has a contract with Revive Therapeutics Ltd. (TSXV:RVV) (OTCQB:RVVTF), to develop the blockchain component in Revive’s proprietary patient-focused program enabled by Nexalogy’s artificial intelligence (“AI”) dedicated to the medical cannabis industry.

Graph Blockchain through graph database and blockchain technology provides a unique way of organizing, analyzing and displaying blockchain transactional data in real-time. Our Graph Database technology presents Blockchain data up to 1,000 times faster than traditional methods from 7 transactions per second (“TPS”) to 7,000 TPS. It is the most effective technology to store, manage and present Blockchain transactions specifically in peer to peer networks making it ideal for Fintech, Banking and other mission critical environments.

“We see a tremendous opportunity to realize greater shareholders value by spinning out Graph Blockchain as a stand alone company that will ultimately provide shareholders the opportunity to realize the benefit of additional liquidity of their investment. We firmly believe that the sum of the parts is worth more than the whole when comparing Datametrex market cap to our peers and we will analyse each vertical to determine if a spin out is the best option for Datametrex shareholders,” says Andrew Ryu, Chairman and CEO of the Company.

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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 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 belief 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 is 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.

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 are expressly qualified in its entirety by this notice.

News Provided by GlobeNewswire via QuoteMedia


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How long might this process take, is there an anticipated completion date?

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S J posted an update in the group DATAMETREX AI LIMITED

Hi Jeff, what is the impact on DM share holders of this spin-out? Please elaborate. Thanks!



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8020Admin16 days

8020Admin started the topic DM News Alert: Plans to Spin Out Graph Blockchain Joint Venture in group Datametrex AI Limited

Datametrex Plans to Spin Out Graph Blockchain Joint Venture

TORONTO, Jan. 04, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) and its San Francisco based joint venture partner Bitnine Global Inc. (“Bitnine”) are pleased to announce its plan to spin out its joint venture entity Graph Blockchain Limited (“Graph”), together with all of its assets and liabilities as a separate operating entity to create a standalone publicly traded company (the “Proposed Spin-Out”).

Pursuant to the terms of the Proposed Spin-Out, it is anticipated that Datametrex will set a record date in the future, (the “Record Date”) pursuant to which shareholders as of the Record Date will be entitled to receive one (1) common share in the capital of Graph for every twenty (20) common shares of Datametrex held. The Proposed Spin-Out will be subject to regulatory approval, including the approval of the TSX Venture Exchange and the shareholders of Datametrex (if required).

Graph Blockchain is in the process of building a prototype for a utility company to analyze electric vehicle charging stations and has a contract with Revive Therapeutics Ltd. (TSXV:RVV) (OTCQB:RVVTF), to develop the blockchain component in Revive’s proprietary patient-focused program enabled by Nexalogy’s artificial intelligence (“AI”) dedicated to the medical cannabis industry.

Graph Blockchain through graph database and blockchain technology provides a unique way of organizing, analyzing and displaying blockchain transactional data in real-time. Our Graph Database technology presents Blockchain data up to 1,000 times faster than traditional methods from 7 transactions per second (“TPS”) to 7,000 TPS. It is the most effective technology to store, manage and present Blockchain transactions specifically in peer to peer networks making it ideal for Fintech, Banking and other mission critical environments.

“We see a tremendous opportunity to realize greater shareholders value by spinning out Graph Blockchain as a stand alone company that will ultimately provide shareholders the opportunity to realize the benefit of additional liquidity of their investment. We firmly believe that the sum of the parts is worth more than the whole when comparing Datametrex market cap to our peers and we will analyse each vertical to determine if a spin out is the best option for Datametrex shareholders,” says Andrew Ryu, Chairman and CEO of the Company.

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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 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 belief 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 is 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.

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 are expressly qualified in its entirety by this notice.

News Provided by GlobeNewswire via QuoteMedia


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8020Admin started the topic DM News Alert: Announces Closing of Private Placement for Joint Venture Graph Blockchain Limited in group Datametrex AI Limited

Datametrex and Bitnine Global Announce Closing of Private Placement for Joint Venture Graph Blockchain Limited

TORONTO, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) and its San Francisco based joint venture partner Bitnine Global Inc. (“Bitnine”) are pleased to announce the closing of a non-brokered private placement (the “Financing”) for Graph Blockchain Limited (“Graph” or the “Joint Venture”). As a result of increased demand for the Financing, Graph increased the size of the offering from $1,000,000 to approximately $3,500,000. Pursuant to the terms of the Financing, an aggregate of 35,253,764 common shares in the capital of Graph were issued at a price of $0.10 per common share.

The use of proceeds from the Financing will provide Graph with the funding to continue to build its “Graph Blockchain” solutions for corporations and government agencies. Graph is developing a prototype for a utility company to analyze electric vehicle charging stations. Graph is also developing the blockchain component dedicated to the medical cannabis industry.

The graph database and blockchain technology being developed by the Joint Venture provides a unique way of organizing, analyzing and displaying blockchain transactional data in real-time. The Graph Database technology being developed by the Joint Venture processes blockchain data up to 1,000 times faster than traditional methods from 7 transactions per second (“TPS”) to 7,000 TPS. It is believed to be one of the most effective technologies to store, manage and present blockchain transactions specifically in peer-to-peer networks making it ideal for fintech, banking and other mission critical environments.

“We have deep domain expertise in Graph Databases and its inherent value in analyzing and presenting data much faster than traditional table based data structures. Bringing this process to the various private and public blockchain platforms is the mission and mandate of the JV, where we can increase performance of the blockchain and data presentation layer considerably,” says CheolSun Kang, CEO of Bitnine.      

“Having to upsize this Financing is a great vote of confidence for the Joint Venture. We look forward to moving forward with our planned spin-out of Graph as previously announced. Graph Blockchain technology is truly compelling for the industry, by not only improving transactional blockchain performance but by presenting data through graphs which is more effective than traditional relational databases,” said Andrew Ryu, CEO and Chairman of the Company.

About Graph Blockchain

Graph Blockchain is a joint venture formed between Datametrex and Bitnine. The JV mandate is to bring the value of graph database technology to the blockchain environment where there is a great need to speed performance and present the verified and authenticated data more effectively. Datametrex through Nexalogy and Bitnine graph technology will add tremendous value to blockchain processing and the presentation of its data.

About Bitnine Inc.

Bitnine is a San Francisco based leader of graph business solutions. Bitnine transcends big data problems by creating solutions that are consistently evolving. Bitnine was founded on principles of collaboration, innovation, science and creativity. Bitnine specializes in Graph Database technology solutions for key and unique data analysis.

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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 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 belief 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, statements regarding the terms, timing and completion of the proposed spin-out of Graph. By identifying such information and statements in this manner, the Company is 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.

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 are expressly qualified in its entirety by this notice.

 

 



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Darren Stewart replied to the topic DM News Alert: Completes Acquisition of Ronin Blockchain Corp. in group Datametrex AI Limited

Datametrex Completes Acquisition of Ronin Blockchain Corp.

TORONTO, Jan. 16, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that, further to its news release of December 15, 2017, it has signed the share purchase agreement and completed the acquisition of privately held Ronin Blockchain Corp. (“Ronin”), a global industrial scale Blockchain platform with a specific focus on mining multiple cryptocurrencies (the “Transaction”). As a result of the Transaction, Ronin is now a wholly-owned subsidiary of the Company.

Under the terms of the share purchase agreement, the Company acquired all of the issued and outstanding common shares of Ronin for an aggregate purchase price of $10 million. The purchase price will be paid in multiple installments, with Datametrex having issued to the vendors 22,000,000 common shares of the Company at $0.25 per share and paid $2,000,000 in cash at closing. The vendors will receive an additional $2,500,000 worth of common shares on or before the first anniversary of the closing date of the Transaction, which will be issued at a price per share equal to the volume weighted average price of the Company’s shares on the TSX Venture Exchange for the twenty day period prior to the issuance of the shares. 

In connection with the Transaction, the Company paid a finder’s fee of 1,311,128 common shares to the individual responsible for introducing Ronin and the Company.

All securities issued in connection with the Transaction are subject to a hold period of four months and one day from the date of issuance.

“We are thrilled to complete the acquisition of Ronin and offer our shareholders exposure to the exciting world of cryptocurrency mining and trading. Acquiring a world-class team of directors, officers and advisors with a vision to becoming the largest crypto mining company in the world was an opportunity we had to take advantage of. The fact that the directors, officers and advisors of Ronin participated for approximately half of the $3M in our previously announced unit financing at $0.35 a unit, representing a $0.10 premium to the shares they received for the acquisition, demonstrates their commitment and belief in the strategy. We see the value of crypto mining and the specific data that will be generated as the industry matures,” said Andrew Ryu, CEO and Chairman of the Company.

About Ronin Blockchain Corp.

Ronin is a private company located in Vancouver B.C. Ronin’s objective is to become a large player in the industrial Blockchain mining sector through a concentrated focus on scale, innovative technologies and low-cost energy supply.

Ronin’s business model is based on an industrial scale Blockchain platform, which enables the company to access and manage global cryptocurrency mining. Ronin has the potential to provide state of the art mining capability across the world and to utilize its scale, beginning in China, to maximize efficiency and profitability across the arbitrage opportunities that exist for GPU-based mining. Additionally, Ronin will use its advanced Artificial Intelligence algorithms for currency and system optimization. Ronin will also use API protocols to eventually make more efficient integration from mining to mobile wallets. Ronin is currently working on identifying additional jurisdictions for mining opportunities, including Quebec, British Columbia and Eastern Europe, as it develops its international footprint.

Ronin entered into a binding Memorandum of Understanding with GoSun Group (“GoSun”). GoSun was founded in 2006 and is one of China’s largest infrastructure and networking companies with over 90 operating data centers in China.

The Memorandum of Understanding outlines the following key points:

  • An opportunity to gain access, for the purposes of crypto mining, to 10 GoSun data centers by January 1st, 2018, with a minimum of 20 racks per data center.
     
  • Access to at least 15 additional data centers per quarter for MaaS starting in Q1 2018.
     
  • Access to all 90 data centers by Q3 2019. 
     
  • “Most favored nation” pricing for all electricity and flow through pricing if the provider reduces any costs related to electricity.

The GoSun partnership will provide Ronin with access to the world’s largest Blockchain mining market with the previously discussed fundamental drivers for success: fast internet connections, low cost energy delivery, proximity to miners and equipment producers.

The following are the directors, officers and advisors to Ronin as a result of the Transaction.

Darcy Taylor, President & Director
Darcy has over 20+ years in senior leadership roles and a proven track record across multiple industries spanning, Asia, Europe and North America. A Blockchain technology enthusiast since 2013, his pan Asian experience while residing in Seoul, Korea exposed him to the potential for the technology to disrupt a multitude of industries. Prior to his international experience, Darcy was CEO of MASEV Communications Inc., that was successfully acquired by IMG Canada.

Andrew Ryu, Chief Executive Officer and Executive Chairman 
Andrew Ryu is a seasoned and experienced entrepreneur and operator in public and private companies. He was a founder and CEO of TLA Inc., president of business development of Archer Education Group, and founder and former CEO of Loyalist Group Limited, which was nominated as the top TSXV company in 2013, ranked fourth in 2014, and was the top pick of the street in 2014. He was nominated entrepreneur of the year in 2014 by EY.

Jeffrey Stevens, Director
Jeff brings over 18 years of professional experience in the Canadian Capital Markets, largely focusing on raising capital for micro-cap and small cap companies. He is currently President and COO of Datametrex AI Limited (TSXV:DM) and sits on the board of one other public company. He has worked in the Retail, Buy, and Sell sides of the industry, having held positions as Assistant Investment Advisor, Arbitrage Trader, as well as having been the head of two Sales and Trading desks in Toronto. During his tenure Jeff was involved in raising in excess of $500M for public and private companies with a client base including Institutional Money Managers, Hedge Funds, Mutual Funds and Family Offices in Canada, US and Europe.

Michael Frank, Director
Michael has over 20 years of experience in the high technology sector in operations, business development, mergers and acquisitions and raising funding in the capital markets. He served as the Chief Executive Officer of Sprylogics International Corp. from July 2007 to September 19, 2011. He served as a Senior Consultant with Woods Gordon, where he managed a variety of accounts for clients using IBM mid-range systems. He also served as Vice President of Strategic Alliances at Medcomsoft Inc., where he developed and managed all key strategic partnerships to accelerate market penetration and to build market share in the healthcare industry. He served as an Executive Vice President of Hutchison Avenue Software since 1999, where he was instrumental in its sale to Intuit Corporation and has held senior sales/marketing roles at Data General and NCR. He served as Vice President of Business Development at BrandEra.com, an online marketplace for the advertising community. As Director of Mifran Consulting, he provided advisory services to emerging technology firms, including Nightingale Informatix, a leading supplier of EMR (Electronic Medical Records) technology across North America. Mr. Frank earned his Bachelor's degree in Commerce and Finance from McGill University in 1982.

Mike Edwards, Director
A lifelong entrepreneur, Mike Edwards has started and invested in technology companies for over 20 years. Mike is actively involved in growing and supporting the crypto currency startup community and connecting local entrepreneurs with the right investors, mentors and influencers in Silicon Valley, New York, Europe and Asia.

Ronin is additionally putting together an elite Blockchain advisory board which is composed of the following individuals:

Gil Penchina
Cryptocurrency expert, who is known worldwide for his involvement and leadership in the cryptocurrency industry. Two successful initial coin offerings (“ICO”) in Brave (BAT) and Ripple (XRP). Gil also runs the largest syndicate on AngelList and was an early investor in LinkedIn, Blockstream and UXPin.

Roham Gharegozlou
Founder and CEO of CryptoKitties, the world's most successful Blockchain game. He is also the CEO of Axiom Zen, an award-winning venture studio that specializes in applying emerging Blockchain technologies to unsolved business problems. Rohan has been working with bitcoin and various forms of Blockchain and distributed ledger technologies since 2014.

Thomas Kineshanko
Tom has been an investor in cryptocurrency and ICOs since their early days in 2012. In addition to co-founding Protos Cryptocurrency Asset Management, Tom has been a Founder and General Partner of First Block Capital, Canada’s first regulated crypto investment firm, since March 2017. Tom also co-founded Fintech Enterprises Inc., one of the first North American buy/hold Bitcoin and Ether funds, as well as the Blockchain platform Walter.ai.

Dean Sutton
Always focused on emerging technology, Dean has been in the digital asset industry since 2012 when he started in digital mining and working with teams to develop decentralized technologies. Currently he is a sought after Blockchain industry thought leader, investor and speaker, advisor to the Blockchain Association of Canada, and founder of BlockTech Ventures Inc.

Kyle Campbell
Kyle is a respected crypto software engineer. He sold his first company to Zillow Group after only 8 months. He is now working on his second company; Hack Capital, maker of CTO.ai - an intelligence product that helps any company build high performing engineering teams focusing on the Blockchain and Crypto Mining Optimization.

Visit Ronin at: www.roninblockchain.com for more information.

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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 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 belief 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, statements regarding the expected benefits of the Transaction. By identifying such information and statements in this manner, the Company is 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.

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 are expressly qualified in its entirety by this notice.

News Provided by GlobeNewswire via QuoteMedia


Bigearnshirt
Great work Jeff and the team! Now all we need is some juicy details to follow up this acquisition and let the shareholders know the game plan. Mining gear? Mining to start still in or around Feb 01, 2018? Ease our minds on the growing China developments regarding mining bans. Thanks!
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Greta work

Bigearnshirt
BigEarn4 days

BigEarn replied to the topic DM News Alert: Completes Acquisition of Ronin Blockchain Corp. in group Datametrex AI Limited

Datametrex Completes Acquisition of Ronin Blockchain Corp.

TORONTO, Jan. 16, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that, further to its news release of December 15, 2017, it has signed the share purchase agreement and completed the acquisition of privately held Ronin Blockchain Corp. (“Ronin”), a global industrial scale Blockchain platform with a specific focus on mining multiple cryptocurrencies (the “Transaction”). As a result of the Transaction, Ronin is now a wholly-owned subsidiary of the Company.

Under the terms of the share purchase agreement, the Company acquired all of the issued and outstanding common shares of Ronin for an aggregate purchase price of $10 million. The purchase price will be paid in multiple installments, with Datametrex having issued to the vendors 22,000,000 common shares of the Company at $0.25 per share and paid $2,000,000 in cash at closing. The vendors will receive an additional $2,500,000 worth of common shares on or before the first anniversary of the closing date of the Transaction, which will be issued at a price per share equal to the volume weighted average price of the Company’s shares on the TSX Venture Exchange for the twenty day period prior to the issuance of the shares. 

In connection with the Transaction, the Company paid a finder’s fee of 1,311,128 common shares to the individual responsible for introducing Ronin and the Company.

All securities issued in connection with the Transaction are subject to a hold period of four months and one day from the date of issuance.

“We are thrilled to complete the acquisition of Ronin and offer our shareholders exposure to the exciting world of cryptocurrency mining and trading. Acquiring a world-class team of directors, officers and advisors with a vision to becoming the largest crypto mining company in the world was an opportunity we had to take advantage of. The fact that the directors, officers and advisors of Ronin participated for approximately half of the $3M in our previously announced unit financing at $0.35 a unit, representing a $0.10 premium to the shares they received for the acquisition, demonstrates their commitment and belief in the strategy. We see the value of crypto mining and the specific data that will be generated as the industry matures,” said Andrew Ryu, CEO and Chairman of the Company.

About Ronin Blockchain Corp.

Ronin is a private company located in Vancouver B.C. Ronin’s objective is to become a large player in the industrial Blockchain mining sector through a concentrated focus on scale, innovative technologies and low-cost energy supply.

Ronin’s business model is based on an industrial scale Blockchain platform, which enables the company to access and manage global cryptocurrency mining. Ronin has the potential to provide state of the art mining capability across the world and to utilize its scale, beginning in China, to maximize efficiency and profitability across the arbitrage opportunities that exist for GPU-based mining. Additionally, Ronin will use its advanced Artificial Intelligence algorithms for currency and system optimization. Ronin will also use API protocols to eventually make more efficient integration from mining to mobile wallets. Ronin is currently working on identifying additional jurisdictions for mining opportunities, including Quebec, British Columbia and Eastern Europe, as it develops its international footprint.

Ronin entered into a binding Memorandum of Understanding with GoSun Group (“GoSun”). GoSun was founded in 2006 and is one of China’s largest infrastructure and networking companies with over 90 operating data centers in China.

The Memorandum of Understanding outlines the following key points:

  • An opportunity to gain access, for the purposes of crypto mining, to 10 GoSun data centers by January 1st, 2018, with a minimum of 20 racks per data center.
     
  • Access to at least 15 additional data centers per quarter for MaaS starting in Q1 2018.
     
  • Access to all 90 data centers by Q3 2019. 
     
  • “Most favored nation” pricing for all electricity and flow through pricing if the provider reduces any costs related to electricity.

The GoSun partnership will provide Ronin with access to the world’s largest Blockchain mining market with the previously discussed fundamental drivers for success: fast internet connections, low cost energy delivery, proximity to miners and equipment producers.

The following are the directors, officers and advisors to Ronin as a result of the Transaction.

Darcy Taylor, President & Director
Darcy has over 20+ years in senior leadership roles and a proven track record across multiple industries spanning, Asia, Europe and North America. A Blockchain technology enthusiast since 2013, his pan Asian experience while residing in Seoul, Korea exposed him to the potential for the technology to disrupt a multitude of industries. Prior to his international experience, Darcy was CEO of MASEV Communications Inc., that was successfully acquired by IMG Canada.

Andrew Ryu, Chief Executive Officer and Executive Chairman 
Andrew Ryu is a seasoned and experienced entrepreneur and operator in public and private companies. He was a founder and CEO of TLA Inc., president of business development of Archer Education Group, and founder and former CEO of Loyalist Group Limited, which was nominated as the top TSXV company in 2013, ranked fourth in 2014, and was the top pick of the street in 2014. He was nominated entrepreneur of the year in 2014 by EY.

Jeffrey Stevens, Director
Jeff brings over 18 years of professional experience in the Canadian Capital Markets, largely focusing on raising capital for micro-cap and small cap companies. He is currently President and COO of Datametrex AI Limited (TSXV:DM) and sits on the board of one other public company. He has worked in the Retail, Buy, and Sell sides of the industry, having held positions as Assistant Investment Advisor, Arbitrage Trader, as well as having been the head of two Sales and Trading desks in Toronto. During his tenure Jeff was involved in raising in excess of $500M for public and private companies with a client base including Institutional Money Managers, Hedge Funds, Mutual Funds and Family Offices in Canada, US and Europe.

Michael Frank, Director
Michael has over 20 years of experience in the high technology sector in operations, business development, mergers and acquisitions and raising funding in the capital markets. He served as the Chief Executive Officer of Sprylogics International Corp. from July 2007 to September 19, 2011. He served as a Senior Consultant with Woods Gordon, where he managed a variety of accounts for clients using IBM mid-range systems. He also served as Vice President of Strategic Alliances at Medcomsoft Inc., where he developed and managed all key strategic partnerships to accelerate market penetration and to build market share in the healthcare industry. He served as an Executive Vice President of Hutchison Avenue Software since 1999, where he was instrumental in its sale to Intuit Corporation and has held senior sales/marketing roles at Data General and NCR. He served as Vice President of Business Development at BrandEra.com, an online marketplace for the advertising community. As Director of Mifran Consulting, he provided advisory services to emerging technology firms, including Nightingale Informatix, a leading supplier of EMR (Electronic Medical Records) technology across North America. Mr. Frank earned his Bachelor's degree in Commerce and Finance from McGill University in 1982.

Mike Edwards, Director
A lifelong entrepreneur, Mike Edwards has started and invested in technology companies for over 20 years. Mike is actively involved in growing and supporting the crypto currency startup community and connecting local entrepreneurs with the right investors, mentors and influencers in Silicon Valley, New York, Europe and Asia.

Ronin is additionally putting together an elite Blockchain advisory board which is composed of the following individuals:

Gil Penchina
Cryptocurrency expert, who is known worldwide for his involvement and leadership in the cryptocurrency industry. Two successful initial coin offerings (“ICO”) in Brave (BAT) and Ripple (XRP). Gil also runs the largest syndicate on AngelList and was an early investor in LinkedIn, Blockstream and UXPin.

Roham Gharegozlou
Founder and CEO of CryptoKitties, the world's most successful Blockchain game. He is also the CEO of Axiom Zen, an award-winning venture studio that specializes in applying emerging Blockchain technologies to unsolved business problems. Rohan has been working with bitcoin and various forms of Blockchain and distributed ledger technologies since 2014.

Thomas Kineshanko
Tom has been an investor in cryptocurrency and ICOs since their early days in 2012. In addition to co-founding Protos Cryptocurrency Asset Management, Tom has been a Founder and General Partner of First Block Capital, Canada’s first regulated crypto investment firm, since March 2017. Tom also co-founded Fintech Enterprises Inc., one of the first North American buy/hold Bitcoin and Ether funds, as well as the Blockchain platform Walter.ai.

Dean Sutton
Always focused on emerging technology, Dean has been in the digital asset industry since 2012 when he started in digital mining and working with teams to develop decentralized technologies. Currently he is a sought after Blockchain industry thought leader, investor and speaker, advisor to the Blockchain Association of Canada, and founder of BlockTech Ventures Inc.

Kyle Campbell
Kyle is a respected crypto software engineer. He sold his first company to Zillow Group after only 8 months. He is now working on his second company; Hack Capital, maker of CTO.ai - an intelligence product that helps any company build high performing engineering teams focusing on the Blockchain and Crypto Mining Optimization.

Visit Ronin at: www.roninblockchain.com for more information.

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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 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 belief 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, statements regarding the expected benefits of the Transaction. By identifying such information and statements in this manner, the Company is 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.

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 are expressly qualified in its entirety by this notice.

News Provided by GlobeNewswire via QuoteMedia


Bigearnshirt
Great work Jeff and the team! Now all we need is some juicy details to follow up this acquisition and let the shareholders know the game plan. Mining gear? Mining to start still in or around Feb 01, 2018? Ease our minds on the growing China developments regarding mining bans. Thanks!
57d34f5b90084 bpfull
Greta work

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8020Admin4 days

8020Admin started the topic DM News Alert: Completes Acquisition of Ronin Blockchain Corp. in group Datametrex AI Limited

Datametrex Completes Acquisition of Ronin Blockchain Corp.

TORONTO, Jan. 16, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that, further to its news release of December 15, 2017, it has signed the share purchase agreement and completed the acquisition of privately held Ronin Blockchain Corp. (“Ronin”), a global industrial scale Blockchain platform with a specific focus on mining multiple cryptocurrencies (the “Transaction”). As a result of the Transaction, Ronin is now a wholly-owned subsidiary of the Company.

Under the terms of the share purchase agreement, the Company acquired all of the issued and outstanding common shares of Ronin for an aggregate purchase price of $10 million. The purchase price will be paid in multiple installments, with Datametrex having issued to the vendors 22,000,000 common shares of the Company at $0.25 per share and paid $2,000,000 in cash at closing. The vendors will receive an additional $2,500,000 worth of common shares on or before the first anniversary of the closing date of the Transaction, which will be issued at a price per share equal to the volume weighted average price of the Company’s shares on the TSX Venture Exchange for the twenty day period prior to the issuance of the shares. 

In connection with the Transaction, the Company paid a finder’s fee of 1,311,128 common shares to the individual responsible for introducing Ronin and the Company.

All securities issued in connection with the Transaction are subject to a hold period of four months and one day from the date of issuance.

“We are thrilled to complete the acquisition of Ronin and offer our shareholders exposure to the exciting world of cryptocurrency mining and trading. Acquiring a world-class team of directors, officers and advisors with a vision to becoming the largest crypto mining company in the world was an opportunity we had to take advantage of. The fact that the directors, officers and advisors of Ronin participated for approximately half of the $3M in our previously announced unit financing at $0.35 a unit, representing a $0.10 premium to the shares they received for the acquisition, demonstrates their commitment and belief in the strategy. We see the value of crypto mining and the specific data that will be generated as the industry matures,” said Andrew Ryu, CEO and Chairman of the Company.

About Ronin Blockchain Corp.

Ronin is a private company located in Vancouver B.C. Ronin’s objective is to become a large player in the industrial Blockchain mining sector through a concentrated focus on scale, innovative technologies and low-cost energy supply.

Ronin’s business model is based on an industrial scale Blockchain platform, which enables the company to access and manage global cryptocurrency mining. Ronin has the potential to provide state of the art mining capability across the world and to utilize its scale, beginning in China, to maximize efficiency and profitability across the arbitrage opportunities that exist for GPU-based mining. Additionally, Ronin will use its advanced Artificial Intelligence algorithms for currency and system optimization. Ronin will also use API protocols to eventually make more efficient integration from mining to mobile wallets. Ronin is currently working on identifying additional jurisdictions for mining opportunities, including Quebec, British Columbia and Eastern Europe, as it develops its international footprint.

Ronin entered into a binding Memorandum of Understanding with GoSun Group (“GoSun”). GoSun was founded in 2006 and is one of China’s largest infrastructure and networking companies with over 90 operating data centers in China.

The Memorandum of Understanding outlines the following key points:

  • An opportunity to gain access, for the purposes of crypto mining, to 10 GoSun data centers by January 1st, 2018, with a minimum of 20 racks per data center.
     
  • Access to at least 15 additional data centers per quarter for MaaS starting in Q1 2018.
     
  • Access to all 90 data centers by Q3 2019. 
     
  • “Most favored nation” pricing for all electricity and flow through pricing if the provider reduces any costs related to electricity.

The GoSun partnership will provide Ronin with access to the world’s largest Blockchain mining market with the previously discussed fundamental drivers for success: fast internet connections, low cost energy delivery, proximity to miners and equipment producers.

The following are the directors, officers and advisors to Ronin as a result of the Transaction.

Darcy Taylor, President & Director
Darcy has over 20+ years in senior leadership roles and a proven track record across multiple industries spanning, Asia, Europe and North America. A Blockchain technology enthusiast since 2013, his pan Asian experience while residing in Seoul, Korea exposed him to the potential for the technology to disrupt a multitude of industries. Prior to his international experience, Darcy was CEO of MASEV Communications Inc., that was successfully acquired by IMG Canada.

Andrew Ryu, Chief Executive Officer and Executive Chairman 
Andrew Ryu is a seasoned and experienced entrepreneur and operator in public and private companies. He was a founder and CEO of TLA Inc., president of business development of Archer Education Group, and founder and former CEO of Loyalist Group Limited, which was nominated as the top TSXV company in 2013, ranked fourth in 2014, and was the top pick of the street in 2014. He was nominated entrepreneur of the year in 2014 by EY.

Jeffrey Stevens, Director
Jeff brings over 18 years of professional experience in the Canadian Capital Markets, largely focusing on raising capital for micro-cap and small cap companies. He is currently President and COO of Datametrex AI Limited (TSXV:DM) and sits on the board of one other public company. He has worked in the Retail, Buy, and Sell sides of the industry, having held positions as Assistant Investment Advisor, Arbitrage Trader, as well as having been the head of two Sales and Trading desks in Toronto. During his tenure Jeff was involved in raising in excess of $500M for public and private companies with a client base including Institutional Money Managers, Hedge Funds, Mutual Funds and Family Offices in Canada, US and Europe.

Michael Frank, Director
Michael has over 20 years of experience in the high technology sector in operations, business development, mergers and acquisitions and raising funding in the capital markets. He served as the Chief Executive Officer of Sprylogics International Corp. from July 2007 to September 19, 2011. He served as a Senior Consultant with Woods Gordon, where he managed a variety of accounts for clients using IBM mid-range systems. He also served as Vice President of Strategic Alliances at Medcomsoft Inc., where he developed and managed all key strategic partnerships to accelerate market penetration and to build market share in the healthcare industry. He served as an Executive Vice President of Hutchison Avenue Software since 1999, where he was instrumental in its sale to Intuit Corporation and has held senior sales/marketing roles at Data General and NCR. He served as Vice President of Business Development at BrandEra.com, an online marketplace for the advertising community. As Director of Mifran Consulting, he provided advisory services to emerging technology firms, including Nightingale Informatix, a leading supplier of EMR (Electronic Medical Records) technology across North America. Mr. Frank earned his Bachelor's degree in Commerce and Finance from McGill University in 1982.

Mike Edwards, Director
A lifelong entrepreneur, Mike Edwards has started and invested in technology companies for over 20 years. Mike is actively involved in growing and supporting the crypto currency startup community and connecting local entrepreneurs with the right investors, mentors and influencers in Silicon Valley, New York, Europe and Asia.

Ronin is additionally putting together an elite Blockchain advisory board which is composed of the following individuals:

Gil Penchina
Cryptocurrency expert, who is known worldwide for his involvement and leadership in the cryptocurrency industry. Two successful initial coin offerings (“ICO”) in Brave (BAT) and Ripple (XRP). Gil also runs the largest syndicate on AngelList and was an early investor in LinkedIn, Blockstream and UXPin.

Roham Gharegozlou
Founder and CEO of CryptoKitties, the world's most successful Blockchain game. He is also the CEO of Axiom Zen, an award-winning venture studio that specializes in applying emerging Blockchain technologies to unsolved business problems. Rohan has been working with bitcoin and various forms of Blockchain and distributed ledger technologies since 2014.

Thomas Kineshanko
Tom has been an investor in cryptocurrency and ICOs since their early days in 2012. In addition to co-founding Protos Cryptocurrency Asset Management, Tom has been a Founder and General Partner of First Block Capital, Canada’s first regulated crypto investment firm, since March 2017. Tom also co-founded Fintech Enterprises Inc., one of the first North American buy/hold Bitcoin and Ether funds, as well as the Blockchain platform Walter.ai.

Dean Sutton
Always focused on emerging technology, Dean has been in the digital asset industry since 2012 when he started in digital mining and working with teams to develop decentralized technologies. Currently he is a sought after Blockchain industry thought leader, investor and speaker, advisor to the Blockchain Association of Canada, and founder of BlockTech Ventures Inc.

Kyle Campbell
Kyle is a respected crypto software engineer. He sold his first company to Zillow Group after only 8 months. He is now working on his second company; Hack Capital, maker of CTO.ai - an intelligence product that helps any company build high performing engineering teams focusing on the Blockchain and Crypto Mining Optimization.

Visit Ronin at: www.roninblockchain.com for more information.

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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 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 belief 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, statements regarding the expected benefits of the Transaction. By identifying such information and statements in this manner, the Company is 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.

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 are expressly qualified in its entirety by this notice.

News Provided by GlobeNewswire via QuoteMedia


Bigearnshirt
Great work Jeff and the team! Now all we need is some juicy details to follow up this acquisition and let the shareholders know the game plan. Mining gear? Mining to start still in or around Feb 01, 2018? Ease our minds on the growing China developments regarding mining bans. Thanks!
57d34f5b90084 bpfull
Greta work

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PKen5 days

PKen has joined the group Datametrex AI Limited

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logan_km replied to the topic DM News Alert: Announces Increase in Size of Proposed Private Placement in group Datametrex AI Limited

Datametrex AI Limited Announces Increase in Size of Proposed Private Placement

TORONTO, ONTARIO--(Marketwired - Jan. 10, 2018) - Datametrex AI Limited (the "Company" or "Datametrex") (TSX VENTURE:DM)(FRANKFURT:D4G) is pleased to announce that it has exercised its option to increase the size of its previously announced non-brokered private placement (the "Offering"). Specifically, the Company has increased the size of the non-brokered private placement from 5,714,286 units for gross proceeds of $2,000,000 to 8,571,428 for gross proceeds of $3,000,000.

All other terms of the private placement remain the same.

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.

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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.

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 belief 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, statements regarding the terms, timing and completion of the proposed private placement and the anticipated use of proceeds. By identifying such information and statements in this manner, the Company is 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.

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 are expressly qualified in its entirety by this notice.

Datametrex AI Limited
Jeffrey Stevens
President & COO
(647) 400-8494
jstevens@datametrex.com
www.datametrex.com

News Provided by Marketwired via QuoteMedia


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Evening Jeff. Thinking I may want to get in on this round of financing. Who shall I contact? Also, I. Understand China is looking to ban crypto mining. Concerns/plans to address?

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David Hill10 days

David Hill has joined the group Datametrex AI Limited

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8020Admin10 days

8020Admin started the topic DM News Alert: Announces Increase in Size of Proposed Private Placement in group Datametrex AI Limited

Datametrex AI Limited Announces Increase in Size of Proposed Private Placement

TORONTO, ONTARIO--(Marketwired - Jan. 10, 2018) - Datametrex AI Limited (the "Company" or "Datametrex") (TSX VENTURE:DM)(FRANKFURT:D4G) is pleased to announce that it has exercised its option to increase the size of its previously announced non-brokered private placement (the "Offering"). Specifically, the Company has increased the size of the non-brokered private placement from 5,714,286 units for gross proceeds of $2,000,000 to 8,571,428 for gross proceeds of $3,000,000.

All other terms of the private placement remain the same.

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.

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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.

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 belief 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, statements regarding the terms, timing and completion of the proposed private placement and the anticipated use of proceeds. By identifying such information and statements in this manner, the Company is 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.

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 are expressly qualified in its entirety by this notice.

Datametrex AI Limited
Jeffrey Stevens
President & COO
(647) 400-8494
jstevens@datametrex.com
www.datametrex.com

News Provided by Marketwired via QuoteMedia


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Evening Jeff. Thinking I may want to get in on this round of financing. Who shall I contact? Also, I. Understand China is looking to ban crypto mining. Concerns/plans to address?

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ralphscobie has joined the group Datametrex AI Limited

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8020Admin12 days

8020Admin started the topic DM News Alert: Announces Binding LOI to Acquire Shoptalk Analytics in group Datametrex AI Limited

Datametrex Announces Binding LOI to Acquire Shoptalk Analytics

TORONTO, Jan. 08, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSX-V:DM) (FSE:D4G) is pleased to announce that it has entered into a binding letter of intent (“LOI”) to acquire all of the outstanding common shares of Shoptalk Analytics Group Inc. (“Shoptalk”), a Toronto based data collection company focused on independent pharmacies in the United States of America (the “Transaction”

Pursuant to the terms of the LOI, the proposed consideration for the Transaction is an aggregate amount of four million dollars ($4.0 million CAD) payable by a combination of cash and common shares (“Shares”) in the capital of the Corporation on the following basis:

  1. $500,000 CAD on the Closing Date (as defined below) of which 50% shall be payable in cash and the remaining 50% shall be satisfied by the issuance of Shares. The price at which the Shares will be issued will be equal to the volume weighted average price of the Shares on the TSX Venture Exchange for the twenty (20) days prior to Closing Date;
     
  2. $500,000 CAD of which 50% shall be payable in cash and the remaining 50% shall be satisfied by the issuance of Shares at the time Shoptalk achieves the first milestone of 100 paying locations within 6 months from the Closing Date (the “First Milestone”). The price at which these Shares shall be issued will be equal to the volume weighted average price of the Shares for the twenty (20) days prior to achieving the First Milestone;
     
  3. $1,000,000 CAD which will be satisfied by the issuance of Shares at the time Shoptalk achieves the second milestone of an aggregate of 200 locations within 12 months from the Closing Date (the “Second Milestone”). The price at which the Shares will be issued if the Second Milestone is achieved shall be equal to the volume weighted average price of the Shares for the twenty (20) days prior to achieving the Second Milestone; and.     
     
  4. $2,000,000 CAD which will be satisfied by the issuance of Shares at the time Shoptalk on achieves the third milestone of an aggregate of 500 paying locations within 26 months of Closing Date (the “Third Milestone”). The price at which the Shares will be issued if the Third Milestone is achieved shall be equal to the volume weighted average price of the Shares for the twenty (20) days prior to achieving the Third Milestone.

The Transaction is subject to the Corporation and Shoptalk entering into a definitive acquisition agreement (the “Acquisition Agreement”) which shall contain customary terms and conditions for a transaction of this nature.

The Transaction is anticipated to close on or about February 5, 2018 (the “Closing Date”) and it is anticipated that the Acquisition Agreement will be entered into on or about January 31, 2018. The Transaction is subject to the approval of the TSX Venture Exchange and certain conditions pursuant to the terms of the LOI, including satisfactory of due diligence.

"Shoptalk Analytics is looking forward to joining the Datametrex family. With a proven footprint in the US independent pharmacy sector, HIPPA compliant data collection methods, and a growing loyalty member base, we provide the independent pharmacy market (22,000 locations in the US alone) with the tools to stay relevant and compete against the big pharmacy chains by leveraging big data and rewards. The Datametrex acquisition will further our reach into the market, and provide us with valuable AI support in the areas of predictive analytics and customer engagement," says Enmanuel Rumbos, Shoptalk's Chief Executive Officer and President.

“The collection of POS (Point-of-Sale) and other data from independent pharmacies is an integral part of the US healthcare technology market. The US pharmaceutical sector was valued around $446 billion in 2016. US healthcare standards such as HIPAA (Healthcare Insurance Portability and Accountability Act) and HL7 (Health Level Seven International) are more prevalent than ever, and Shoptalk Analytic’s data collection platform will integrate with these standards and protocols providing vital information between healthcare providers. Datametrex sees the value of the data in this sector and how the DataTap, Nexalogy AI and Shoptalk will become a major business intelligence technology solution for the US and international pharmacy market,” says Andrew Ryu, Chairman and CEO.    

About Shoptalk Analytics

Shoptalk provides technology hardware and software to the US independent pharmacy market. The solutions capture vital real-time POS and other related data for key decision making by a number of healthcare providers. The company has a key distribution agreement with McKesson Corporation.    

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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 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 belief 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, statements regarding the terms, timing and completion of the proposed Transaction. By identifying such information and statements in this manner, the Company is 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.

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 are expressly qualified in its entirety by this notice.


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Bob replied 12 days ago
Well done Datametrex team!!!! It’s amazing how far this company has come since July.Check out our news releases since July.Our management really knows how to execute a plan. Thanks for the updates Jeff!! Regards Bob

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DArcy posted an update in the group DATAMETREX AI LIMITED

Congratulations to Datametrex AI, Andrew Ryu, CEO, Jeff Stevens, President, and all the shareholders and interested investors for being the first 8020 Community listing to reach over 200 members in their Investor Group!



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Jeff Stevens posted an update in the group DATAMETREX AI LIMITED

Hello everyone, I just returned from Beijing this evening. It was a great to meet the Gosun team and tour a few of their 90 + data centers. Such a fantastic relationship for us to have via Ronin founders. Infrastructure, power and in country connections as key aspects to this opp that money can't buy. I know there are lots of questions regarding the Graph Blockchain spinout. I will do my best to get back to you early next week with answers. I have a lot to catch up on tomorrow and we need to stay focused on completing everything for the Ronin acquisition. Thank you all for your continued support. Best , Jeff



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Jonathan Kurtz posted an update in the group DATAMETREX AI LIMITED

I'm new to markets and investment. Little money. Bitcoin bystander. Watching from sidelines. Wanna jump into blockchain. When I read about Graph Blockchain transactions being 7000x faster than traditional blockchain methods, am I delusional to think that this is 7000x more efficient than Bitcoin blockchain? Wouldn't the blockchain industry want to lean towards a way more highly efficient transaction that DM/Bitnine Blockchain has to offer? AI would be self learning software?



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Terry Harris replied to the topic DM News Alert: Plans to Spin Out Graph Blockchain Joint Venture in group Datametrex AI Limited

Datametrex Plans to Spin Out Graph Blockchain Joint Venture

TORONTO, Jan. 04, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) and its San Francisco based joint venture partner Bitnine Global Inc. (“Bitnine”) are pleased to announce its plan to spin out its joint venture entity Graph Blockchain Limited (“Graph”), together with all of its assets and liabilities as a separate operating entity to create a standalone publicly traded company (the “Proposed Spin-Out”).

Pursuant to the terms of the Proposed Spin-Out, it is anticipated that Datametrex will set a record date in the future, (the “Record Date”) pursuant to which shareholders as of the Record Date will be entitled to receive one (1) common share in the capital of Graph for every twenty (20) common shares of Datametrex held. The Proposed Spin-Out will be subject to regulatory approval, including the approval of the TSX Venture Exchange and the shareholders of Datametrex (if required).

Graph Blockchain is in the process of building a prototype for a utility company to analyze electric vehicle charging stations and has a contract with Revive Therapeutics Ltd. (TSXV:RVV) (OTCQB:RVVTF), to develop the blockchain component in Revive’s proprietary patient-focused program enabled by Nexalogy’s artificial intelligence (“AI”) dedicated to the medical cannabis industry.

Graph Blockchain through graph database and blockchain technology provides a unique way of organizing, analyzing and displaying blockchain transactional data in real-time. Our Graph Database technology presents Blockchain data up to 1,000 times faster than traditional methods from 7 transactions per second (“TPS”) to 7,000 TPS. It is the most effective technology to store, manage and present Blockchain transactions specifically in peer to peer networks making it ideal for Fintech, Banking and other mission critical environments.

“We see a tremendous opportunity to realize greater shareholders value by spinning out Graph Blockchain as a stand alone company that will ultimately provide shareholders the opportunity to realize the benefit of additional liquidity of their investment. We firmly believe that the sum of the parts is worth more than the whole when comparing Datametrex market cap to our peers and we will analyse each vertical to determine if a spin out is the best option for Datametrex shareholders,” says Andrew Ryu, Chairman and CEO of the Company.

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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 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 belief 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 is 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.

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 are expressly qualified in its entirety by this notice.

News Provided by GlobeNewswire via QuoteMedia


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How long might this process take, is there an anticipated completion date?

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S J posted an update in the group DATAMETREX AI LIMITED

Hi Jeff, what is the impact on DM share holders of this spin-out? Please elaborate. Thanks!



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8020Admin16 days

8020Admin started the topic DM News Alert: Plans to Spin Out Graph Blockchain Joint Venture in group Datametrex AI Limited

Datametrex Plans to Spin Out Graph Blockchain Joint Venture

TORONTO, Jan. 04, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) and its San Francisco based joint venture partner Bitnine Global Inc. (“Bitnine”) are pleased to announce its plan to spin out its joint venture entity Graph Blockchain Limited (“Graph”), together with all of its assets and liabilities as a separate operating entity to create a standalone publicly traded company (the “Proposed Spin-Out”).

Pursuant to the terms of the Proposed Spin-Out, it is anticipated that Datametrex will set a record date in the future, (the “Record Date”) pursuant to which shareholders as of the Record Date will be entitled to receive one (1) common share in the capital of Graph for every twenty (20) common shares of Datametrex held. The Proposed Spin-Out will be subject to regulatory approval, including the approval of the TSX Venture Exchange and the shareholders of Datametrex (if required).

Graph Blockchain is in the process of building a prototype for a utility company to analyze electric vehicle charging stations and has a contract with Revive Therapeutics Ltd. (TSXV:RVV) (OTCQB:RVVTF), to develop the blockchain component in Revive’s proprietary patient-focused program enabled by Nexalogy’s artificial intelligence (“AI”) dedicated to the medical cannabis industry.

Graph Blockchain through graph database and blockchain technology provides a unique way of organizing, analyzing and displaying blockchain transactional data in real-time. Our Graph Database technology presents Blockchain data up to 1,000 times faster than traditional methods from 7 transactions per second (“TPS”) to 7,000 TPS. It is the most effective technology to store, manage and present Blockchain transactions specifically in peer to peer networks making it ideal for Fintech, Banking and other mission critical environments.

“We see a tremendous opportunity to realize greater shareholders value by spinning out Graph Blockchain as a stand alone company that will ultimately provide shareholders the opportunity to realize the benefit of additional liquidity of their investment. We firmly believe that the sum of the parts is worth more than the whole when comparing Datametrex market cap to our peers and we will analyse each vertical to determine if a spin out is the best option for Datametrex shareholders,” says Andrew Ryu, Chairman and CEO of the Company.

About the Company

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 technology for secure Data Transfers and Cryptocurrency Mining.

Additional information on Datametrex is available at: www.datametrex.com.

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 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 belief 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 is 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.

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 are expressly qualified in its entirety by this notice.

News Provided by GlobeNewswire via QuoteMedia


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How long might this process take, is there an anticipated completion date?

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