Datametrex Secures Second Contract with Lotte
June 19 2018 - 7:00AM
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 & 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 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.
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