TORONTO, Aug. 21, 2017 (GLOBE NEWSWIRE) -- Everfront Ventures Corp. (the “Company” or “Everfront”) (TSX-V:EVC)
and its wholly owned subsidiary, Datametrex Limited (“Datametrex”), are pleased to announce that the Company has signed an Letter
of Intent (“LOI”) with Distribution Canada Inc (“DCI”) to partner in the collection of sell through data from retail Point of Sale
(“POS”) terminals.
The proposed partnership will see DCI and the Company partner in deploying DataTap devices to DCI members. By
utilizing DataTap devices, DCI’s members for the first time will be able to aggregate their sales data and benefit from the
collective purchasing power of the organization. The terms of the partnership will be defined in a formal agreement.
Andrew Ryu, the Company's Chief Executive Officer stated: "We are very excited with this partnership and the
volume opportunity it presents for entry into the DataTap market. We are also thrilled to work with DCI, one of the leading
associations in Canada. This represents a huge opportunity for the company's growth strategy to become the industry leader in data
collection from the Small and Medium Enterprise market where presently there is no competition."
About Distribution Canada Inc.
DCI is a national organization that was formed as a buying group for "Independent Canadian Grocers" in 1981. To
date, membership has grown to include independent grocers, small grocery chains, wholesalers/distributors, and C-store chains.
Collectively members / shareholders operate thousands of retail outlets with combined annual retail sales in the billions.
To learn more about DCI, visit: www.distributioncanada.ca
About the Company
Everfront is the publicly traded holding Company of Datametrex Limited (“Datametrex”). Datametrex is a focused
on collecting and aggregating sales data from retail Point of Sale (POS) terminals. Datametrex offers a plug and play solution for
retailers. The Company extends the life of retail POS terminals by retrofitting existing POS to the benefits of new cloud-based
devices through its DataTap technology. DataTap captures all data sent from the POS to the receipt printer or scanner 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 about Datametrex, 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. By identifying such information and statements in this manner, the Company and
Nexalogy are 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. Any number of important factors could cause actual
results to differ materially from these forward-looking statements as well as future results. Although the Company has attempted to
identify important factors that could cause actual results to differ materially from those contained in the forward-looking
information and statements, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 is expressly qualified in its entirety by this
notice.
Jeffrey Stevens – President & COO Phone: (647) 400-8494 Email: jstevens@datametrex.com
