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Datametrex Secures $1,000,000 Contract With Lotte

TORONTO, June 25, 2019 (GLOBE NEWSWIRE) -- 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 & COO
Email:  jstevens@datametrex.com 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 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 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 can be identified by the use of forward-looking terminology such as “plans”, “anticipated”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. The Company is subject 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.