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Datametrex AI Limited Announces Change in Directors

TSX Venture Exchange
Symbol "DM"

TORONTO, July 11, 2018 /CNW/ - Datametrex AI Limited (the "Company" or "Datametrex") (TSXV: DM, FSE: D4G) announces that Mr. Andrew Male and Mr. Cory Taylor have tendered their resignations as Directors of the Company, effective as of July 3rd, 2018, but will continue to work with the Company in an advisory capacity. The Company would like to thank Mr. Male and Mr. Taylor for their services to the Company and look forward to working with them in this new role as the Company continues to develop its business.

"I would like to thank both Andrew and Cory for their time and commitment to Datametrex. Each of them brought unique skills to the board, adding depth and experience which was key in positioning the Company to succeed", says Andrew Ryu, Chairman and CEO of the Company.

Concurrent with these resignations, the Company is pleased to announce that Mr. Pankaj Varma and Mrs. Janeen Stodulski have been appointed as Directors of the Company, effective July 3rd, 2018.

The appointments of the new board members are subject to the final approval of the TSX Venture Exchange.

Mr. Pankaj Varma

After completing his BA in Economics and Business from York University, Pankaj worked as the Legislative Advisor to the Minster of Health, the Honorable Elinor Caplan. After three years at Queen's Park, he left to pursue his MBA at York University.

Since 1992, Pankaj has been successfully managing his family's business interests including investments in real estate, stocks, bonds, and currencies.

Currently, he is president of Brook Capital Corporation - an independent boutique investment firm that connects high net worth investors, family offices, and foundations with best in class alternative investment products.

Pankaj currently serves as a Director of ADYA Inc., which trades on the TSX Venture Exchange. He is also on the Board of the Toronto chapter of TiE (a global mentoring organization for entrepreneurs) as well as the Bayview Golf and Country Club.

Mrs. Janeen Stodulski

A graduate of Brock University, Janeen received her CPA designation in 1999 and her MBA from Queen's University in 2002 and most recently completed her In-Depth taxation with CPA Canada.

Janeen brings more than 28 years in diverse tax, financial, and business consulting experience to the table. She has gained extensive accounting experience through her senior roles in public practice as well as several C-suite roles in a variety of companies. Janeen extensive expertise allows her to provide outside the box strategies and solutions in addition to comprehensive accounting services.

With a love for technology, she brings a special focus to cloud accounting solutions. She is the innovator of the Grant Thornton Cloud Accounting solution and is currently working as the Client Service Director for Grant Thornton.

Ms. Stodulski has received numerous awards and appointments during her career, including an appointment to the Prime Minister's Task Force on Women Entrepreneurs, Ontario and Chapter Distinguished Service awards with CGA, Royal Bank Women Entrepreneurs finalist and Oakville Community Environmental Award.

"We are thrilled to have both Janeen and Pankaj join our board as we embark on our second year as a public company. Each of them brings tremendous experience and contacts that will no doubt benefit the Company as we continue to expand in our areas of focus including: Artificial Intelligence, Blockchain and Crypto Currency", says Jeff Stevens, President and COO of the Company.

About the Company

Datametrex AI Limited is a technology focused company with exposure to four exciting verticals. Big Data and Systems Integration. Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Implementing Blockchain technology 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).

Additional information on Datametrex is available at: www.datametrex.com.

To stay informed about Datametrex, please join our Investor Group on 8020 Connect http://bit.ly/2fPUNwF for all upcoming news releases, articles comments and questions.

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 belief 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, statements regarding the future prospects of the Company. By identifying such information and statements in this manner, the Company is 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.

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 are expressly qualified in its entirety by this notice.

SOURCE Datametrex AI Limited

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