Datametrex Provides Update on Shoptalk Acquisition
February 09, 2018 --
TORONTO, Feb. 09, 2018 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) would like to provide shareholders with an update on the proposed acquisition of Shoptalk Analytics Group Inc. announced January 8th, 2018. The binding LOI stated an anticipated closing date on or about February 5, 2018 subject to approval of the TSX Venture Exchange and certain conditions pursuant to the terms of the LOI. We are pleased to report that both parties remain committed to closing the transaction, targeting to close in February.
“We remain very committed to acquiring and integrating the Shoptalk solutions into our offerings. Having a solution that provides access to the independent pharmacies in the US with a data collection tool that can integrate with US healthcare standards such as HIPPA (Healthcare Insurance Portability and Accountability Act) and HL7 (Health Level Seven International) is very compelling.” Says Andrew Ryu, Chairman and CEO.
About Shoptalk Analytics
Shoptalk provides technology hardware and software to the US independent pharmacy market. The solutions capture vital real-time POS and other related data for key decision making by a number of healthcare providers. The company has a key distribution agreement with McKesson Corporation.
About the Company
Datametrex AI Limited is a technology focused company with exposure to four exciting verticals. Big Data, collecting data from retail point of sales environment. Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Implementing Blockchain technology for secure Data Transfers through its joint venture company, Graph Blockchain (www.graphblockchain.com). Industrial scale Cryptocurrency Mining through its wholly owned subsidiary, Ronin Blockchain Corp (www.roninblockchain.com).
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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.
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 belief regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control.
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