TORONTO, June 19, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to announce that the Company has secured its second contract with an additional division of Lotte Group (“Lotte”), for approximately $200,000 CAD. This is the Company’s second successful contract negotiation with Lotte as the Company works to expand its market presence providing solutions to large conglomerates.
“It’s exciting to see the strides forward the Company is making. The diligent work of the team allowed the company to successfully execute a ‘land and expand’ strategy, winning a second contract with Lotte,” says Jeff Stevens, President & COO of the Company.
“Conglomerates are an ideal platform for our products, allowing us to address multiple divisions with our enterprise solutions. The company’s ability to pass milestones is a real testament to the outstanding product shelf we’ve put together, and I’m excited to see the company continue building on the relationships,” says Andrew Ryu, CEO & Chairman of the Company.
About Lotte Group
Lotte Group is the fifth largest conglomerate in Korea with annual revenues of approximately $60 billion USD consisting of over 90 business divisions. Lotte is engaged in diverse industries that include hotels, resorts, fast food, beverages, retail, financial services, heavy chemicals, electronics, IT, construction, publishing, confectionery products, and entertainment.
About Datametrex
Datametrex AI Limited is a technology focused company with exposure to four exciting verticals. Big data, collecting data from retail point of sales environments. Artificial intelligence and machine learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Implementing Blockchain technology for secure data transfers through its joint venture company, Graph Blockchain Limited (www.graphblockchain.com). Industrial scale cryptocurrency mining through its wholly owned subsidiary, Ronin Blockchain Corp. (www.roninblockchain.com).
Additional information on Datametrex is available at: www.datametrex.com
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For further information, please contact:
Jeffrey Stevens – President & COO
Phone: (647) 400-8494
Email: jstevens@datametrex.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws, including statements regarding the completion of negotiations with Lotte and the potential expansion of Datametrex solutions across Lotte’s various business divisions. Forward-looking information is not a guarantee of future performance or results, since it involves risks and uncertainties. There is no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in forward-looking statements. Except as required by law, the Company does not assume and expressly renounces any obligation to update any forward-looking information, which is only applicable on the date on which it is given.