DATAMETREX AI LIMIT - DTMXF STOCK NEWS

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.

Datametrex AI Limited appoints Kingston Ross Pasnak LLP as its new auditor, replacing Baker Tilly WM LLP. The former auditor resigned with no reservations in their reports on the company's financial statements. The appointment was approved by the audit committee and board, with no reportable events or issues between the company and the former auditor.

Datametrex AI Limited (DTMXF) announces a change in its fiscal year-end from December 31 to March 31, aiming to streamline the audit process. The company expects to file its audited fifteen-month fiscal year ended March 31, 2024 financial statements in late-June 2024. Details regarding the change will be available in the Company's Notice of Change of Financial Year-End on SEDAR at www.sedarplus.ca.

Datametrex AI Limited (DTMXF) is pleased to announce the establishment of a new AI-based entertainment division, focusing on integrating advanced AI and tech capabilities into the dynamic world of K-pop, K-culture, and sports entertainment. The company aims to revolutionize how entertainment and sports agencies operate, engage with fans, and optimize their performances. CEO Charles Park expressed excitement for the company's foray into these vibrant industries, highlighting the commitment to diversifying its portfolio and replicating proven business strategies in new domains.

Datametrex AI Limited's subsidiary, Imagine Health Centres Downtown Calgary, achieves a 90% compliance rate in the recent Group Practice Review by the College of Physicians & Surgeons of Alberta. The clinic's dedication to healthcare excellence and commitment to continuous quality improvement is evident in their high score. While areas for improvement were identified, the clinic's proactive response and transition to an Electronic Medical Record system demonstrate their commitment to enhancing patient care and operational efficiency.

Datametrex AI Limited announces a non-brokered private placement financing of up to 50 million units at a price of $0.02 per unit, aiming to raise aggregate gross proceeds of up to $1,000,000. Each unit will consist of one common share and one common share purchase warrant. The proceeds will be used for general working capital. The company may pay finders' fees equal to up to 8% cash and 8% broker warrants of the aggregate proceeds raised.

Datametrex AI Limited (DTMXF) announces a reorientation towards Healthcare and AI & Technology sectors, with a focus on financial restructuring and strategic shifts. The company's Healthcare division has achieved notable success, with plans to expand clinics and wellness centers in Alberta. In Korea, the AI & Technology division has strengthened its market presence and profitability, securing preferred vendor status with major conglomerates and acquiring clients in untapped sectors. The company is strategically moving away from erratic government contracts and pausing development work on AnalyticsGPT, aiming to focus on sectors with higher growth potential and stability. CEO Charles Park emphasizes the company's commitment to sustainable growth and long-term profitability, leveraging his experience in the e-gaming space and exploring opportunities in this sector.

Datametrex AI Limited announces the approval of 22,100,000 restricted share units (RSUs) in accordance with the Company's omnibus incentive plan. Each RSU entitles the holder to acquire one Common Share on vesting, with 50% vesting immediately and 50% on April 15, 2024. The Plan was approved by shareholders at the Annual and Special Meeting Shareholders on December 14, 2023.

Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) recorded over $1 million CAD in revenue with expenses of approximately $650K CAD, resulting in a gross profit margin of approximately 36% for IT services in December. The company's 'deep and narrow' strategy has led to a 'land and expand' approach with major clients like LOTTE, fortifying existing partnerships and enabling expansion into new areas. Datametrex Korea's expansion into new industries, such as energy and finance, demonstrates its capability to cater to diverse market demands, positioning it for positive momentum in 2024.