Datametrex Announces Appointment of New CEO for Ronin Blockchain
March 23 2018 - 10:29AM
Datametrex AI Limited (the “
Company” or
“
Datametrex”) (TSXV:DM) (FSE:D4G) is pleased to
announce the appointment of Michael Frank, as the new Chief
Executive Officer of Ronin Blockchain Corp.
(“
Ronin”) effective immediately. Mr. Frank, as
President of Mifran Consulting, provided advisory services to
emerging technology public companies in the areas of M&A,
financing, operations, and business development. In the past, he
served as the CEO of Sprylogics International and currently sits on
the board of AnalytixInsight and Ronin. He has had several exits in
the technology sector including one to Intuit Corporation, and has
also advised many early stage firms.
“Ronin Blockchain has an incredible opportunity to scale and
take advantage of one of the largest cryptomining footprints in the
sector today. I look forward to working with the knowledgeable team
at Ronin as the industry matures,” said Michael Frank, CEO of Ronin
Blockchain.
“Michael has been a key advisor and consultant to Datametrex
over the past year. We are extremely pleased that he has joined
Ronin Blockchain as CEO. His experience, contacts, and
understanding of the cryptomining sector will add tremendous
value,” 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.
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 has
a binding agreement with GoSun Group (“GoSun”) for
up to 150 MW in capacity. GoSun was founded in 2006 and is one of
China’s largest infrastructure and networking companies with over
90 operating data centers in China.
Additionally, Ronin also has a footprint in Vernon, Quebec and
is seeking other jurisdictions.
About Datametrex AI Limited
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 (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 &
COOPhone: (647) 400-8494Email:
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 timing and completion of
any blockchain related activities as the subsidiary is newly
incorporated and has no current operations. Forward-looking
information is not a guarantee of future performance or results,
since it involves risks and uncertainties. There is no assurance
that forward-looking statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in forward-looking statements. Some of the factors on
which the forward-looking statements are premised include (but are
not limited to) the lack of material changes to general economic,
market and business conditions. Except as required by law, the
Corporation does not assume and expressly renounces any obligation
to update any forward-looking information, which is only applicable
on the date on which it is given.
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