Datametrex Secures $1,000,000 Contract With Lotte
June 25 2019 - 7:00AM
Datametrex AI Limited (the
“
Company” or “
Datametrex”) is
pleased to announce that it has secured a contract for
approximately $1,000,000 CAD with LOTTE Home Shopping, a division
of LOTTE through our previously announced partnership with LOTTE
Data Communications.
LOTTE Home Shopping Inc. offers television
shopping, Internet shopping malls, catalogues, and mobile shopping
globally. The company operates LOTTE Home Shopping, which provides
a live broadcast offering various products, such as fashion,
beauty, home appliances, food, and kitchenware; LOTTEiMall, an
Internet shopping mall of LOTTE Home Shopping; and LOTTE Home
Shopping Catalogue, a monthly magazine that provides different
special offers. The company also operates LOTTE Home Shopping
Mobile, which provides shopping information based on customer’s
age, gender, and preferences. “Our strategy of
“land and expand” is working well with LOTTE. We have successfully
secured contracts with multiple divisions of LOTTE Group in excess
of $2M CAD since signing our first agreement in May of 2018. With
each new contract, we strengthen our relationship as a trusted
solution partner and we look forward to continuing to provide
solutions to additional divisions.” says Andrew Ryu, Chairman and
CEO.
About LOTTE Group
LOTTE Group is one of the largest conglomerates
in Korea and Japan 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, confectionary products,
and entertainment.
About Datametrex AI Limited
Datametrex AI Limited is a technology focused
company with exposure to Artificial Intelligence and Machine
Learning through its wholly owned subsidiary, Nexalogy
(www.nexalogy.com) and Implementing Blockchain technology for
secure Data Transfers through its investee company, Graph
Blockchain (www.graphblockchain.com).
Additional information on Datametrex is
available at: www.datametrex.com
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For further information, please contact:
Jeffrey Stevens – President &
COOEmail: jstevens@datametrex.com
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Forward Looking Statements
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statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities legislation. Generally, these forward-looking statements
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actions, events or results “may”, “could”, “would”, “might” or
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to significant risks and uncertainties which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward looking statements contained in this
release. Datametrex cannot assure investors that actual results
will be consistent with these forward looking statements and
Datametrex assumes no obligation to update or revise the forward
looking statements contained in this release to reflect actual
events or new circumstances.
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