Mr. Charles Park reports

DATAMETREX PROVIDES BUSINESS UPDATE

Datametrex AI Ltd. has made a significant reorientation based on its deep and narrow strategy to focus on the health care and artificial intelligence and technology sectors, coupled with a robust financial restructuring aimed at streamlining operations and improving cash flow.

Expanding health care division

The company has achieved notable success in its health care division, particularly with its clinics in Alberta, contributing to the company's decision to re-evaluate the spinout of this division. The Calgary and Edmonton clinics have set a standard in efficient, physician-led health care delivery and have consistently generated solid revenue. With new locations set to open in 2024, this growth is part of a deliberate strategy to leverage the division's success and resilience in the current economic climate.

The continuing development of wellness centres within the existing clinics marks a strategic enhancement, with anticipated synergistic effects alongside the medical wing and pharmacy. This integration of services under one roof not only underscores the company's commitment to comprehensive health care but also provides added convenience and value, appealing to patients, health care professionals, and the general public alike.

Enhancing the Korean technology division

In Korea, the AI (artificial intelligence) technology division continues to strengthen its market presence and boost its profitability, notably achieving preferred vendor status with major multinational conglomerates, such as the likes of Lotte, as well as acquiring new clients in untapped sectors, such as the energy and financial industries.

These achievements highlight the company's capability to deliver quality services and adapt to diverse market needs. The company's Korean operations reflect its strong international growth potential and its ability to establish and maintain significant business relationships in competitive markets.

Strategic shifts and financial management

As part of its comprehensive financial restructuring, the company is implementing several key strategic shifts. This includes a strategic move away from Nexalogy's erratic government contracts, which have historically shown poor performance and negatively impacted the company's financials with a substantial negative cash flow. While the company has also paused development work on AnalyticsGPT, it still preserves Nexalogy's patented core technology and is actively seeking opportunities to repurpose the technology within the private sector, most notably the e-gaming industry.

These decisions are driven by a commitment to focus on sectors with higher growth potential and stability. Simultaneously, the company plans to replicate its successful strategies, as demonstrated in the Korean market, replacing the vacated space from Nexalogy's government work with more promising, stable and profitable ventures.

Future outlook

Chief executive officer Charles Park reflected on these changes: "Our strategic refocus on health care and AI and technology, in line with our deep-and-narrow strategy, is a decisive step towards creating a more streamlined and financially robust operation. By targeting sectors where we have strong potential and minimizing financial burn, we are setting the stage for sustainable growth and long-term profitability. Leveraging my extensive experience in the e-gaming space, we are also exploring various opportunities in this sector, which we believe will open new avenues for growth and innovation. We are dedicated to this path, confident that it will lead to enhanced value for our stakeholders."

About Datametrex AI Ltd.

Datametrex is an innovative leader in technology solutions, artificial intelligence and health care. 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.

We seek Safe Harbor.