Datametrex AI Limited

10:38 AM EST - Datametrex AI Limited : Announced that further to its press release dated January 7, 2021, it has entered into a share exchange agreement with Concierge Medical Consultants Inc. and the shareholders of Concierge effective January 19, 2021 to acquire 100% of Concierge's issued and outstanding securities. Concierge is an arm's length private telehealth and medical concierge services company incorporated under the laws of British Columbia. "Health care is on the verge of a revolution, one that will be driven by A.I. technologies. Medical services are already strained by the growing demand for healthcare worldwide. By leveraging A.I. technologies, medical we will be able to provide services more quickly and accurately," said Marshall Gunter, CEO of Datametrex. Pursuant to the Definitive Agreement, the Company will acquire all the issued and outstanding securities of Concierge for an aggregate purchase price of $750,000. The Company will satisfy the Purchase Price by issuing $750,000 worth of common shares in the Company on a pro-rata basis to the Concierge Shareholders - the deemed market price of the Common Shares to be issued will be determined seventy-two hours prior to the closing of the Transaction. Datametrex AI Limited shares V.DM are trading down 2.63 percent at $0.19.

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