EVC

Everfront Ventures Corp. (the “Company” or “Everfront”) (TSXV:EVC) and its wholly owned subsidiary, Datametrex Limited, are pleased to announce that the Company has signed an LOI with LOTTE Data Communication Co, a division of LOTTE Co., Ltd. (“LOTTE”). LOTTE is based in Japan and South Korea, which is the 5th largest conglomerate in South Korea, consisting of over 90 business units employing 60,000 people with $136.4 Billion asset and $80 Billion revenue. LOTTE is engaged in such diverse industries as candy manufacturing, beverages, hotels, fast food like Lotteria, retailers including 7 Eleven, Lotte department stores and Duty-Free stores, financial services, heavy chemicals, electronics, IT, construction, publishing and entertainment. Everfront is pleased to be in a position to provide LOTTE with data collection and AI solutions to create efficiencies and insights for many of their business divisions.

The Company is pleased that the previously announced LOI with AimToG, as its strategic partner, to service and support potential clients in Asia is producing results so quickly. The caliber of contacts and opportunities that AimToG brings to the company is tremendous and the company looks forward to moving forward with LOTTE and other large conglomerates as a provider of Big Data analytics and AI solutions.

"I am very pleased with the progress we are making with AimToG in Asia. We are thrilled to be working with such a large and reputable company such as LOTTE. The opportunity to provide the 5th largest conglomerate in South Korea with our solutions is further validation of our technology and business model," said Andrew Ryu, the Company's Chief Executive Officer. 

About LOTTE Data Communication Co.

LOTTE Data Communication Co. is a division of LOTTE Co., Ltd. the 5th largest South Korean conglomerate with total assets of CAD $136.4 Billion. LOTTE Group consists of over 90 business units employing 60,000 people. Major businesses are: food products, retail, entertainment, finance, real estate, amusement parks, hotels, IT, heavy chemicals, sports teams and R&D centers.

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 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