Everfront Ventures Signs LOI with AimToG to Service the Major Demand for DataTap and Nexalogy AI Solutions for Conglomerates


TORONTO, Sept. 05, 2017 (GLOBE NEWSWIRE) -- Everfront Ventures Corp. (the “Company” or “Everfront”) (TSXV:EVC) and its wholly owned subsidiary, Datametrex Limited, are pleased to announce that the Company has been in discussions with a number of significant businesses that are seeking data solutions for the retail sector. Products that can analyze structured and unstructured data in a variety of vertical markets such as our DataTap hardware and software solutions, as well as a number of Artificial Intelligence (“AI”) based solutions are highly sought after. Large potential customers such as Lotte Group and Daewoo, two large conglomerates have expressed a serious interest in the Company’s solutions following recent presentations.    

The Company has signed a LOI with AimToG, as its strategic partner, to service and support these clients and expects to see significant revenue from these groups in the next several quarters. The Company with AimToG is in discussion and negotiation with Lotte Group and Daewoo.  The combination of Big Data analytics and AI, provide solutions that are widely needed for organizations such as these in sectors like human resources, security and surveillance and retail analytics. 

"I believe that the current opportunity will provide tremendous growth for the Company on an immediate and long term basis. This partnership will enhance discussions with global conglomerates as AimToG has already developed a working relationship with many of them," said Andrew Ryu, the Company's Chief Executive Officer. 

About AimToG

AimToG specializes in working with Government and Corporate IT services, with a strong focus in various specialized areas ranging from software, hardware and consulting to enhance business competitiveness.

About the Company

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

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

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

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

Forward-Looking Statements

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