TORONTO, Aug. 17, 2017 (GLOBE NEWSWIRE) -- Everfront Ventures Corp. (the “Company” or “Everfront”) (TSXV:EVC) and
its wholly owned subsidiary, Datametrex Limited, is pleased to announce that it has scheduled its Annual and Special Meeting
(“ASM”) for Tuesday, September 19, 2017 at 10:00 AM Eastern Daylight Time. The Company also wishes to highlight recent
purchases of shares by insiders of the Company.
The Company will hold its ASM on September 19, 2017 to receive the audited financial statements of the Company for
its year ended December 31, 2016, to elect the directors of the Company, appoint the auditors of the Company, approve the Company’s
stock option plan and to consider and if deemed advisable change the name of the Company to “Datametrex AI Limited”.
The Company also wishes to highlight the fact that management and the directors (the “Insiders”) of the Company are
of the belief that there is substantial value for the shares of Everfront at the current market prices. Therefore the
Insiders have been actively purchasing shares in the market and intend to continue to do so at prices of $0.15 or less. Since
going public Insiders have purchased 1,500,000 shares, which includes 1,000,000 shares purchased by Chief Executive Officer, Andrew
Ryu and 250,000 by each of Jeffrey Stevens, Chief Operating Officer, and Steve Kang, VP Finance.
About the Company
Everfront is the publicly traded holding company of Datametrex Limited (“Datametrex”). Datametrex is a plug and
play solution for vendors. The Company extends the life of POS without having to upgrade to new cloud-based devices through its
DataTap technology. DataTap captures all data sent from the POS to the receipt printer and then sends it to the cloud, so it can be
presented in a dashboard for management to monitor key pertinent information.
To learn more, visit: www.datametrex.com
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 beliefs 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, information with respect to prospective financial performance, anticipated capital funding and sources, proposed or
potential acquisitions, estimated operating and sales costs, estimated market drivers and demand, business prospects and strategy,
new markets for growth and financial position. 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.
Jeffrey Stevens – President & COO Phone: (647) 400-8494 Email: jstevens@datametrex.com
