Datametrex Secures $850,000 Contract
June 11 2019 - 6:00AM
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
To stay informed about Datametrex,
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releases, articles, comments, and questions.
For further information, please contact:
Jeffrey Stevens – President &
COOEmail: 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.
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