TORONTO, Sept. 26, 2017 (GLOBE NEWSWIRE) -- Everfront Ventures Corp. (the “Company”) (TSX-V:EVC) is pleased to announce that the Company has changed its name from “Everfront Ventures Corp.” to “Datametrex AI Limited”, following approval of the name change at the annual and special meeting of the Company’s shareholders held on September 19, 2017.

“We are pleased that the shareholders and the board approved the name change as it more accurately reflects the direction of the company. With the planned acquisition of Nexalogy, we will have a strong solution for Business Intelligence that merges both structured and unstructured data. This data gathered for organizations can also become more reliable, as Datametrex may roll-out decentralized blockchain platforms to allow better data authentication, verification, and integrity for its clients. Datametrex also sees a huge opportunity for blockchain-based solutions on the POS side”, said Andrew Ryu, CEO and Chairman of the company.

In connection with the name change, the Company has applied to change its trading symbol on the TSX Venture Exchange from “EVC” to “DM”. The Company’s common shares are expected to start trading under the new stock symbol on September 27, 2017. No action is required to be taken by shareholders with respect to this change.

About the Company

The Company is focused on the collection of Big Data from retail point of sale (POS) terminals.  The Company, through its DataTap technology offers a plug and play solution for retail vendors that extends the life of their POS terminals without having to upgrade to new cloud-based devices. DataTap captures all data sent from the POS to the receipt printer and or scanner and sends it to the cloud, so it can be presented in a dashboard for management to monitor key pertinent information. The collected data will be aggregated on the Company’s servers to be repackaged and sold.

To learn more about Datametrex, visit:

For further information, please contact:

Jeffrey Stevens – President & COO
Phone: (647) 400-8494

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.  

Forward-Looking Statements

This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company`s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as “plans”, “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 may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken, “will continue”, “will occur” or “will be achieved”. The forward-looking information contained herein includes, but is not limited to, information with respect to prospective financial performance, anticipated capital funding and sources, proposed or potential acquisitions, estimated operating and sales costs, estimated market drivers and demand, business prospects and strategy, new markets for growth and financial position. By identifying such information and statements in this manner, the Company and Nexalogy are alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements.  Accordingly, readers should not place undue reliance on any forward-looking information or statements contained in this press release. The forward-looking information contained in this press release is made as of the date hereof, and the Company does not undertake to update any forward-looking information that is contained or referenced herein, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. All subsequent written and oral forward looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.