Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the "Company" or "Datametrex") is pleased to announce that the Company is planning to graduate from the TSX Venture Exchange (the "TSXV") to the Toronto Stock Exchange (the "TSX") in the first half of 2022.
The Company's board of directors has approved the change, and has already initiated the process.
"Up-listing to the TSX main board will help the Company with its growth strategy. It also recognizes the strong growth performance the Company has had over the last few quarters. The Company anticipates that listing on the TSX main board will generate increased institutional awareness and attract a broader range of investors globally who are looking for companies with strong emerging technologies and expertise," commented Marshall Gunter, CEO of Datametrex.
Completion of the up-listing on the TSX is subject to the satisfaction of listing requirements and the approval of the TSX. There is no assurance that the TSX will approve the listing application or that Datametrex will complete the listing as contemplated. In the meantime, Datametrex shares will continue to trade on the TSXV under the ticker symbol "DM." Further updates will be provided as they become available.
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). Datametrex's mission is to provide tools that support companies in fulfilling their operational goals, including Health and Safety, with predictive and preventive technologies. By working with companies to set a new standard of protocols through Artificial Intelligence and health diagnostics, Company provides progressive solutions to support the supply chain.
For additional information on Datametrex and other corporate information, please visit the Company's website at www.datametrex.com.
For further information, please contact:
Marshall Gunter - CEO
Phone: (514) 295-2300
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. In particular, there is no guarantee that the parties will successfully negotiate and enter into a definitive agreement on mutually acceptable terms or complete the Transaction in the manner contemplated herein, if at all, that the due diligence of any of the parties will be satisfactory, or that the parties will obtain any required board, shareholder, third-party and/or regulatory or other governmental approvals, if any. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not undertake to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.