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Everfront Ventures Corp extends signing date for Share Purchase Agreement with Nexalogy
ET | Source: Everfront Ventures Corp.
TORONTO, Sept. 12, 2017 (GLOBE NEWSWIRE) -- Everfront Ventures Corp. (the “Company” or “Everfront”) (TSX-V:EVC) and its wholly owned subsidiary, Datametrex Limited, is pleased to announce that the Company and Nexalogy have agreed to extend the signing date for the Share Purchase Agreement from August 21, 2017 to September 20, 2017 and to also extend the anticipated closing date from on or about October 20, 2017 to on or about November 20, 2017.
“We are pleased to be moving forward with Nexalogy and look forward to working together to grow and expand Nexalogy’s innovative platform in a number of vertical markets. Despite the delays, we have been able to present Nexalogy’s solutions to a number of groups and are confident we will have a strong pipeline for the combined technologies on closing. Nexalogy will be accretive to Everfront in a number of areas,” said Andrew Ryu, Chairman and CEO for the Company.
About Nexalogy
Founded in 2006, Nexalogy unlocks valuable insights from social media data. Through its proprietary semantic clustering algorithms, it detects weak signals in unstructured text that aren’t available through traditional business intelligence technology. This technology makes data more relevant and is the missing link in providing actionable, social media intelligence to governments and organizations all over the world. Further information about Nexalogy can be found at www.nexalogy.com.
To learn more about Datametrex, visit: www.datametrex.com
https://globenewswire.com/news-release/2017/09/12/1117946/0/en/Everfront-Ventures-Corp-extends-signing-date-for-Share-Purchase-Agreement-with-Nexalogy.html
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