Datametrex Renews $850K Service Contract

Rhea-AI Summary

Datametrex AI Limited announces the one-year renewal of a service contract valued at $850K CAD through its subsidiary, Datametrex Korea. The contract involves providing IT services to clients in various sectors, showcasing the company's commitment to client relationships and service excellence.

Toronto, Ontario--(Newsfile Corp. - February 15, 2024) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the "Company" or "Datametrex") is pleased to announce the one-year renewal of a service contract through its wholly-owned subsidiary, Datametrex Korea. The contract, valued at approximately $850K CAD, involves the provision of IT services to key clients in the services, finance, and public sectors. The contract renewal is a continuation of Datametrex's established client relationships and reflects the company's commitment to reliable service delivery in diverse industries.

Reflecting on this landmark achievement, Charles Park, CEO of Datametrex, commented, "The renewal of this contract is a reflection of our unwavering dedication to our clients and our ability to adapt to their evolving needs. It's an important step in our journey towards sustained growth and reinforces our position in the industry."

About Datametrex

Datametrex is an innovative leader in Technology Solutions, Artificial Intelligence and Healthcare. The Company excels in delivering tools and solutions that enhance operational efficiencies and business outcomes. With a commitment to innovation, Datametrex is dedicated to supporting enterprises by setting a new standard for business protocols through cutting-edge technology.

For more on Datametrex, please visit our YouTube channel and Company website.

For Additional Information

Charles Park, CFA
Chief Executive Officer & Director
cpark@datametrex.com
(416) 901-5611 x203

Neither 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

All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements, including but not limited to the proposed spin-out transaction. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Except as required by law, the Company does not undertake to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/197959

FAQ

What is the value of the service contract renewed by Datametrex AI Limited through its subsidiary, Datametrex Korea?

The service contract is valued at approximately $850K CAD.

Which sectors are the key clients served by Datametrex AI Limited through the renewed contract?

The key clients served by Datametrex AI Limited through the renewed contract are in the services, finance, and public sectors.

Who commented on the contract renewal and what was their role at Datametrex AI Limited?

Charles Park, the CEO of Datametrex, commented on the contract renewal, highlighting the company's dedication to client needs and sustained growth.

What does the contract renewal signify for Datametrex AI Limited?

The contract renewal signifies Datametrex's commitment to client relationships, service excellence, and its position in the industry.