Datametrex Shares Open Letter to Shareholders

Datametrex Shares Open Letter to Shareholders

TORONTO, Oct. 22, 2019 (GLOBE NEWSWIRE) — Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G)  is pleased to share an open letter to shareholders written by Marhsall Gunter, CEO of the Company.
Dear Shareholders,I want to begin by thanking you for your support. So far, 2019 has seen the Company reach significant milestones and I am excited about our prospects as we look to 2020.As the incoming CEO, my focus will be on driving revenue and product development. My plan is to get Datametrex laser focused on expanding our client base and staying in our lane. To that effect, I, along with the management team and board, have decided not to proceed with the proposed acquisition of Semeon Analytics Inc. as released on August 23, 2019. It is my opinion that Datametrex needs to remain focused on Nexalogy’s own products and sales channels. We need to rebuild trust with the investment community and I believe this is a first step in that direction.  Throughout 2019, Nexalogy has been working on perfecting some new tools . First, we have NexaAgent, our entity extraction, text summarization, automation, and situational awareness tool.  Work on NexaAgent first started in 2018, was tested during our participation in Operation Trident Juncture with NATO, and then finalized recently in 2019.I am excited to take on the CEO role and to work closely with the team to continue to grow our revenue, develop best in class products and communicate with our investors.Kind Regards,Marshall Gunter- CEOFor more information on this project or to learn how Datametrex can assist your organization in social media discovery, Fake News Filters and BOT detection please go to:www.nexalogy.comAbout DatametrexDatametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com).For more information about the IDEaS program please visit: Canada.ca/defence-ideasFor further information, please contact:Jeff Stevens – President
Phone: (416) 482-3282
Email: jstevens@datametrex.com
Forward-Looking StatementsThis news release contains “forward-looking information” within the meaning of applicable securities laws.  All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law. 

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