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Datametrex Limited (TSXV: EVC) New Listing

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Datametrex, a technology company, develops, assembles, markets and distributes devices for the collection and analysis of raw data from Point of Sale machines at the retail merchant level by retrofitting existing POS systems.

Additional Information:

Company: Datametrex Limited
Website: http://www.datametrex.com
Stock Symbol: TSXV: EVC
Date Published: Jun 14, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

DataMetrex Limited is the latest new listing on the TSX Venture Exchange, following approval of its qualifying transaction with Capital Pool Company “Everfront Ventures”.

It will continue to trade under the symbol “EVC”,

Everfront, which had 5.7 million shares outstanding, issued 48 million shares to the shareholders of DataMetrex.

Datametrex, a technology company, develops, assembles, markets and distributes devices for the collection and analysis of raw data from Point of Sale machines at the retail merchant level by retrofitting existing POS systems.

Datametrex’s main product is known as “DataTap” is considered by the company to be a breakthrough product that can fundamentally change the retailer’s experience by enabling the existing POS terminals to have the benefits of a cloud-based POS terminal without the vendor having to purchase new cloud-based equipment.

DataTap allows vendors to retrofit existing POS terminals to aggregate data from multiple POS terminals at various locations within a single store or across the retailer’s complete network of stores, thereby avoiding the prohibitive costs associated with purchasing new POS systems.

DataTap is coupled with a robust back-end “dashboard” software that the retailer downloads to manage and analyze the collected data.

The company recently closed a non-brokered private placement, raising gross proceeds of $2,160,000 through the issuance of 21.6 million units, priced at $0.10 per unit.

Each unit consisted of 1 share and 1 warrant, with each warrant exercisable at $0.15 for 24 months.

The shares are currently trading at $0.17, and with 75.3 million shares outstanding, of which 42.7 million are subject to escrow, the company is capitalized at $12.8 million.

For a more information, please visit the company’s website www.datametrex.com or contact Jeffrey Stevens, President, at 647-400-8494, or email jstevens@datametrex.com.

I’m Samantha Deutscher for Investmentpitch Media