Mr. Charles Park reports

DATAMETREX SIGNS LOI TO ACQUIRE MOBILE BLOCKCHAIN GAME CEREAL CRUNCH AND CRUNCH CRYPTO TOKEN

Datametrex AI Ltd. has signed a non-binding letter of intent on April 5, 2024, to acquire the mobile game Cereal Crunch from Sariel Diagnostics Corp.

Key acquisition details

Asset highlights

Datametrex will acquire significant assets associated with Cereal Crunch, including game software, intellectual property, user databases and the Crunch Token, launched on April 2, 2024. The Crunch Token is a key component of the Cereal Crunch game ecosystem, enabling its play-to-earn blockchain gaming model. Also included in the transaction is an approximately $300,000 cash component, and Sariel's Coinsquare account, critical for managing game-related cryptocurrency transactions.

Purchase price: The acquisition is valued at $3.5-million, to be paid in 70 million common shares of Datametrex at a deemed price of five cents per share.

Blockchain mobile game: With its unique match-3 mechanics and cryptocurrency rewards system, Cereal Crunch aims to offer a new gaming experience that blends entertainment with the potential for crypto earnings.

Charles Park, president of Datametrex, commented: "This acquisition marks a significant step for Datametrex, emphasizing our focus on innovative technologies in the gaming and cryptocurrency sectors. We are excited about the possibilities that Cereal Crunch presents and are committed to its successful development and launch."

John Karagiannidis, president of Sariel Diagnostics, stated: "Partnering with Datametrex represents a milestone moment for Sariel. This move not only validates the hard work our team has put into developing Cereal Crunch but also aligns with our mission to innovate within the crypto and AI spaces. We're confident that under Datametrex's stewardship, Cereal Crunch and the Crunch Token will achieve the success and recognition it deserves."

Completion of the acquisition is subject to customary closing conditions, including the execution of a definitive agreement, satisfactory due diligence and obtaining the necessary regulatory approvals.

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.

About Sariel

Sariel is a crypto and artificial intelligence technology company with a focus on developing play-to-earn mobile blockchain games and Hypercycle AI. Hypercycle AI represents a new approach to blockchain technology, featuring a lightweight, agent-system-based ledgerless blockchain microservice, designed to innovate in the space of digital transactions and gaming.

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