DATAMETREX CHOSEN AS PREFERRED VENDOR PARTNER BY LOTTE
02 4월 2020 - 8:00PM
Datametrex AI Limited (the
“
Company” or “
Datametrex”) is
pleased to share that LOTTE has chosen the Company to be one of its
preferred vendor partners.
Every year LOTTE choses 10 of its top vendor
companies to put on their preferred partners program. Vendors on
this platform have demonstrated quality, reliability and
trustworthiness. Once on this platform, a company can receive
payments in full for contracts within two weeks of a purchase
order. For companies that are part of the preferred vendor group,
LOTTE has created a growth fund of approximately $200M USD. This
fund is used to create joint venture (JV’s) companies with
preferred vendors or to co-bid on contracts of significant size as
a way to sponsor their preferred vendors.
In addition to creating JV’s, LOTTE also offers
its preferred partners loans bearing minimal interest rates to
support their growth. The current rate at approximately 3%.
Datametrex is pleased to share that it is currently in the process
of creating a JV with LOTTE for Government related contracts. As a
direct benefit of Datametrex inclusion in this program, the Company
is eligible to borrow up to $500,000 CAD per quarter.
“Being chosen to participate in the preferred
vendor program with LOTTE is a validation of the quality of work
our team is providing to LOTTE. It also assists greatly with cash
flow and the fact that we can apply for such a low interest rate
loan removes any financing risk for the Company,” says Marshall
Gunter, CEO of the Company.
About Datametrex AI Limited
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).Additional information on Datametrex is
available at: www.datametrex.com
For further information, please
contact:
Marshall Gunter – CEOPhone: (514) 295-2300Email:
mgunter@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 contains "forward-looking
information" within the meaning of applicable securities
laws. All statements contained herein that are not clearly
historical in nature may constitute forward-looking information. In
some cases, forward-looking information can be identified by words
or phrases such as "may", "will", "expect", "likely", "should",
"would", "plan", "anticipate", "intend", "potential", "proposed",
"estimate", "believe" or the negative of these terms, or other
similar words, expressions and grammatical variations thereof, or
statements that certain events or conditions "may" or "will"
happen, or by discussions of strategy.
Readers are cautioned to consider these and
other factors, uncertainties and potential events carefully and not
to put undue reliance on forward-looking information. The
forward-looking information contained herein is made as of the date
of this press release and is based on the beliefs, estimates,
expectations and opinions of management on the date such
forward-looking information is made. The Company undertakes no
obligation to update or revise any forward-looking information,
whether as a result of new information, estimates or opinions,
future events or results or otherwise or to explain any material
difference between subsequent actual events and such
forward-looking information, except as required by applicable
law.
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