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Datametrex AI Forms Subsidiary Focused on Implementing Blockchain Solutions

TORONTO, Nov. 07, 2017 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (DM.V) (D4G.F) is pleased to announce that it has incorporated a wholly owned subsidiary called Datametrex Blockchain Limited. This new subsidiary will identify blockchain opportunities that can both complement the existing platforms and other environments.

Datametrex is currently in discussion with several key organizations to explore specific solutions around how data captured in the Retail, Manufacturing, and Healthcare sectors as well as the Government, can benefit from both the combination of Artificial Intelligence (“AI”) and Data Authentication.

“We believe in the depth of our technology in collecting data and providing unique algorithms in AI that can provide cutting edge solutions in these markets. With the planned focus in Retail and Government verticals through our own technology and our planned acquisition of Nexalogy, we also have been making presentations to additional organizations in these other sectors,” said Andrew Ryu, Chairman and Chief Executive Officer of the Company.

About Datametrex

Datametrex is a Big Data company for retail, brands, and other organizations. The company’s DataTap technology captures sales data sent from the POS to the receipt printer and scanner, and then sends it to the cloud, so it can be presented on a dashboard for key decision making. The company is planning on integrating the DataTap environment to decentralized blockchains to further authenticate and validate the data collected. To learn more about the Company, visit: www.datametrex.com.

For further information, please contact:

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

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.

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.