Datametrex AI Signs Agreement with ABC Solutions for Korean Tourism Organization

Toronto, Ontario, CANADA

TORONTO, Dec. 01, 2017 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSX-V:DM) (FSE: D4G) is pleased to announce that it has entered into a license and partnership agreement with ABC Solutions (“ABC”), a software and services provider for the Public, Finance, and Government sectors to sell the AI platform and DataTap Technology.

ABC has number of key clients across the South Korean market and sees tremendous potential to capture data and provide key insight to decision makers of these organizations.

ABC has a contract with the Korean Tourism Organization (KTO), for their Social Media Analysis, Marketing and Monitoring initiatives for the upcoming 2018 Winter Olympic Games where there will be tremendous amounts of social data to analyze. This is an ideal opportunity for ABC to introduce and implement Nexalogy AI solutions.

Nexalogy provides key insight from social data and when combined with traditional data captured with the DataTap device, organizations can see a unique blend of structured and unstructured information that is vital for Business Intelligence.

Under the terms of the agreement, Datametrex will receive an upfront payment from ABC which consists of a software license fee and applicable training and support. In addition, the companies will determine a revenue sharing model as sales are ramped on the DataTap and Nexalogy products across ABC’s sales channels. 

“We are excited to work with ABC and deliver them cutting edge Business Intelligence technology to key clients across South Korea. There are a number of near term opportunities that we are working on, and we see the accretive nature of this partnership moving rapidly,” said Andrew Ryu, Chairman and Chief Executive Officer of Datametrex AI.

About ABC Solutions

ABC is a leading software and solution provider across South Korea. It has key clients across the Fortune 1000 including government and private enterprise. ABC has a strong team focused on the data and security marketplace.

About Datametrex AI Limited

Datametrex AI is focused on the collection of retail sales data, providing government agencies and Fortune 500 corporations with artificial intelligence technology and implementing blockchain solutions for secure data transfers. The company is planning on integrating the DataTap environment to decentralized blockchains to further authenticate and validate the data collected.

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 and Nexalogy`s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s and Nexalogy`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 or Nexalogy to be materially different from those expressed or implied by such information and statements.

Although the Company and Nexalogy believe 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 are expressly qualified in its entirety by this notice.