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Datametrex Secures $850,000 Contract

TORONTO, June 11, 2019 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) is pleased to announce that it has secured a contract for approximately $850,000 CAD for a large International conglomerate that has U$11.5M asset through its relationship with Comas Co., a sister company of Daewoo Information Systems Co., both of which are owned by the Metanet Company. This initial contract is for 5 divisions of the 22 divisions within the conglomerate. The $850,000 is effective immediately until February 2020, and will be paid in 5 installments.      

“This is a fantastic win for the Company. We initially began working with Comas and the Metanet Company back in March of 2018. It takes time to close sales with multinational companies but the wait is worth it. Our strategy of “land and expand” is working and we look forward to sharing additional contracts through this relationship,” says Andrew Ryu, Chairman and CEO.

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.