Datametrex Announces Management Changes
October 09 2019 - 8:07AM
Datametrex AI Limited (the
“
Company” or “
Datametrex”)
(
TSXV: DM, FSE: D4G) today announced that the
Company’s board of directors appointed Nexalogy’s CEO, Marshall
Gunter, as the new Chief Executive Officer of Datametrex. Andrew
Ryu has stepped down from his role as Chief Executive Officer and
will assume the position as the Company’s Chairman. Jeff Stevens
has stepped down as Chief Operating Officer, but will continue as
President, focussing on Capital Markets and Business Development.
“These management changes are inline with the company’s strategy
to focus on operations and drive growth in both revenue and share
price,” says Charles Schade, independent director.
Mr. Gunter’s engineering background is rooted in big data
analysis and machine learning at scale. Working with Sequoia
Capital and Lightspeed Venture Partners, Marshall was responsible
for bringing Varagesale to the mass market. Marshall took
Varagesale from a one room shop to a powerhouse engineering
department of 60 plus people and played a leading role in their
$35-million-dollar raise. Marshall led the team that built
iSentium’s sentiment engine. iSentium uses patented Natural
Language Processing (NLP) to extract sentiment from unstructured
social content then instantly transforms it into highly actionable
indicators in finance, brand management and politics, handling
billions of data points to harness the power of the masses as they
tweet and text.
“I am honoured to take on the CEO role at Datametrex. Having
joined Nexalogy in April of 2018 as CTO, I was excited to lead the
engineering team in developing best in class products for social
discovery. I then took on the CEO position at Nexalogy in January
of 2019 to restructure the company and focus on revenue and new
product development. I look forward to taking my experience and
passion for the technology into my new role as CEO of Datametrex. I
believe this transition should demonstrate to the markets that
Datametrex is focused on being dominant player in the Artificial
Intelligence and Machine Learning industry,” said Marshall Gunter,
CEO of the Company.
“Marshall taking the CEO role of Datametrex is a key strategic
move for the growth of the company. I am very proud of what we have
accomplished since founding the company and feel confident that the
time is right to step aside and have an industry expert take on the
CEO role. Marshall’s leadership style, industry expertise, and
market understanding will help drive growth and shareholder value,”
said Andrew Ryu.
“As a founder of the company, acknowledging the correct time to
step aside and make room for industry experts to lead is key for
growth and prosperity. I look forward to working with Marshall as
CEO and will support him in all Business Development and Capital
Market endeavors,” said Jeff Stevens.
For more information on this project or to learn how Datametrex
can assist your organization in social media discovery, Fake News
Filters and BOT detection please go to: www.nexalogy.com
About Datametrex
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).
For further information, please
contact:
Jeff Stevens - President & COOPhone: (416) 482-3282Email:
jstevens@datametrex.com
Forward-Looking Statements
This news release contains “forward-looking
information” within the meaning of applicable securities
laws. All statements contained herein that are not clearly
historical in nature may constitute forward-looking information. In
some cases, forward-looking information can be identified by words
or phrases such as “may”, “will”, “expect”, “likely”, “should”,
“would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”,
“estimate”, “believe” or the negative of these terms, or other
similar words, expressions and grammatical variations thereof, or
statements that certain events or conditions “may” or “will”
happen, or by discussions of strategy.
Readers are cautioned to consider these and
other factors, uncertainties and potential events carefully and not
to put undue reliance on forward-looking information. The
forward-looking information contained herein is made as of the date
of this press release and is based on the beliefs, estimates,
expectations and opinions of management on the date such
forward-looking information is made. The Company undertakes no
obligation to update or revise any forward-looking information,
whether as a result of new information, estimates or opinions,
future events or results or otherwise or to explain any material
difference between subsequent actual events and such
forward-looking information, except as required by applicable
law.
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