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INTERVIEW: #Datametrex $DM.ca – The Small Cap #AI Company With Three Big $1,000,000 Contracts In Q3

Posted by AGORACOM-JC at 7:00 PM on Sunday, December 8th, 2019

Until now, investor participation in Artificial Intelligence has been the domain of mega companies and those funded by Silicon Valley.  Small cap investors can finally consider participating in the great future of A.I. through Datametrex AI (DM: TSXV) (Soon To Be Nexaology) who just reported the following:

  • Q3 Revenues Of $1.6 million,  an increase of 186%
  • 9 Mont Revenues Of $2.56M an increase of 37%
  • A Repeat $1M Contract With A Division Of Korean Giant LOTTE Group  
  • $954,000 Contract With Canadian Department of Defence To Fight Social Media Election Meddling
  • Participation In NATO Research Task Group On Social Media Threat Detection 

When a small cap A.I. company is successfully deploying at the highest levels of global commerce and military, it is a strong sign of the Company’s capabilities that behooves investors to look deeper. 

That deep dive can begin with our joint interview of Datametrex CEO, Marshall Gunter and President, Jeff Stevens in which we look not only into the past recent success but also into what the future holds in terms of both growth and competition.

Watch this interview on one of your favourite screens or hit play and listen to the audio as you drive.  

Datametrex $DM.ca Reports Record Quarter With $1,683,985 In Revenue

Posted by AGORACOM-JC at 7:19 AM on Thursday, November 28th, 2019
  • Company reported revenues of $1,683,985 compared to $589,648, up by 186%.
  • For the nine months operations, the Company reported revenues of $2,559,068 compared to $1,872,944, up by 37%.
  • Company’s cash position improved significantly, $812,853 compared to $66,296 in the previous quarter.

TORONTO, Nov. 28, 2019 — Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM) (FSE: D4G) (OTC: DTMXF) today released its financial results for the third quarter ended September 30, 2019. The Company’s cash position improved significantly, $812,853 compared to $66,296 in the previous quarter. In this quarter, the Company reported revenues of $1,683,985 compared to $589,648, up by 186%. For the nine months operations, the Company reported revenues of $2,559,068 compared to $1,872,944, up by 37%. Operating costs were significantly reduced, $1,034,071 compared to $2,192,822 in the third quarter, down by 53%.

“In Q3 2019, the Company achieved key milestones and made significant strides in strengthening its AI platform and offering.  Increased sales and significant reduction in operating costs attributed substantial improvement in the bottom line,” said Marshall Gunter, the Chief Executive Officer of the Company.

Further commenting on the Q3 2019 results, Jeff Stevens, President of the Company stated “Datametrex was recently featured on CTV for its latest findings. The company’s proven technology sees tremendous opportunity across the North American and Asian markets where it is gaining wide acclaim. These markets have the potential to drive strong revenue across a variety of multinationals.”

“We are pleased with the improvements year over year and remain committed to increasing sales. Reducing costs and streamlining operations will position the Company for continued growth. The article published by Nicole Bogart of CTV further validates and substantiates our technology in the cyber security sector,” says Marshall Gunter, CEO of the Company.

Highlights for Q3 2019:

  • The Company was successful in securing the second contract of a multi phase R&D program through the Department of National Defence’s Innovation for Defence Excellence and Security (IDEaS) program with a value of approximately $945,094.
  • The Company was successful in software licencing contract with GreenInsightz Limited for the use of its proprietary Nexalogy’s Artificial Intelligence software platform for a value of approximately $1 million in cash and shares.
  • The Company was successful in securing another contract with a division of Lotte for approximately $1,000,000.
  • The Company participated in NATO Research Task Group in Paris, France.
  • Promoted Marshall Gunter to Chief Executive Officer.

Financial Highlights

The following table reconciles income from operations to EBITDA and Adjusted EBITDA for the three and nine months ended September 30, 2019 and September 30, 2018:

  Three months ended Sep. 30,    Nine months ended Sep. 30,  
 2019  2018  2019  2018 
$  $  $  $ 
Revenue  1,683,985   589,648    2,559,068   1,872,944 
Net loss  (695,803) (15,236,076)  (2,612,556) (18,165,683)
EBITDA*  (539,115) (14,350,712)  (2,092,871) (15,709,824)
Adjusted EBITDA*  (539,115) (1,422,731)  (2,092,871) (1,565,323)
EBITDA per share*  (0.002) (0.072)   (0.009) (0.079)
            

* Note: EBITDA and Adjusted EBITDA are non-GAAP/IFRS figures. “EBITDA” represents net income plus income tax, finance expense and depreciation. “Adjusted EBITDA” represents EBITDA plus share-based compensation and one-time costs. “Adjusted Net Income” represents net income plus one-time finance expenses.

The Company believes that Adjusted EBITDA is useful additional information to management, the board and investors as it provides an indication of the operational results generated by its business activities prior to taking into consideration how those activities are financed and taxed and also prior to taking into consideration asset depreciation and amortization and it excludes items that could affect the comparability of our operational results and could potentially alter the trends analysis in business performance. Excluding these items does not necessarily imply they are non-recurring, infrequent or unusual. Adjusted EBITDA is also used by some investors and analysts for valuing a company. Investors are cautioned that Adjusted EBITDA should not be construed as an alternative to operating earnings or net earnings determined in accordance with IFRS as an indicator of the Company’s financial performance or as a measure of the Company’s liquidity and cash flows. Adjusted EBITDA does not take into account the impact of working capital changes, capital expenditures, debt principal reductions and other sources and uses of cash, which are disclosed in the consolidated statements of cash flows.

Non-GAAP financial measures do not have standardized meaning prescribed by GAAP and are therefore unlikely to be comparable to similar measures presented by other companies. Specific items may only be relevant in certain periods. For reconciliation of non-GAAP financial measures please refer to the Company’s Management Discussion and Analysis for the period ended June 30, 2019.

The financial statements, notes to the financial statements and Management’s Discussion and Analysis for the nine-month period ended September 30, 2019 are available on SEDAR at www.sedar.com.

About Datametrex AI Limited

Datametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com).

Additional information on Datametrex is available at: www.datametrex.com

For further information, please contact:

Jeffrey Stevens – President
Phone: (647) 777-7974
Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “anticipated”, “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 state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. The Company is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Datametrex cannot assure investors that actual results will be consistent with these forward looking statements and Datametrex assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.

CTV News Highlights Datametrex AI $DM.ca – Nexalogy Fake News Filter

Posted by AGORACOM-JC at 7:24 AM on Wednesday, November 27th, 2019
  • Marshall Gunter, CEO and Jeffrey Stevens, President were interviewed by Nicole Bogart of CTV News on the work Nexalogy completed during the Canadian Federal Elections.
  • “Getting mainstream media attention on the work we are doing is a huge validation and win for the team. We look forward to collaborating with Nicole on future opportunities where our technology can add value to her stories,” says Marshall Gunter, CEO of the Company.

TORONTO, Nov. 27, 2019  — Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G) is proud to share a link to a CTV News article featuring Nexalogy’s work in the Canadian Federal Elections in coordination with our client, Defence Research and Development Canada (DRDC).

Marshall Gunter, CEO and Jeffrey Stevens, President were interviewed by Nicole Bogart of CTV News on the work Nexalogy completed during the Canadian Federal Elections. Nicole has extensive experience in covering issues surrounding cybersecurity, artificial intelligence, and social media. Please click the link below to read the full article.

https://www.ctvnews.ca/politics/foreign-actors-tried-to-influence-canadian-election-talk-but-did-they-succeed-1.4701228

“Getting mainstream media attention on the work we are doing is a huge validation and win for the team. We look forward to collaborating with Nicole on future opportunities where our technology can add value to her stories,” says Marshall Gunter, CEO of the Company.

For more information on this project or to learn how Datametrex can assist your organization in social media discovery, Fake News Filters and BOT detection please go to:

www.nexalogy.com

About Datametrex

Datametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com).

For further information, please contact:

Jeff Stevens – President
Phone: (647) 777-7974
Email: [email protected]

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws.  All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

BREAKING …. CTV News Cites #Datametrex $DM.ca For Proof That Foreign-Controlled Bot Networks Hit Canadian Election

Posted by AGORACOM-JC at 10:58 AM on Tuesday, November 26th, 2019
  • Prior to the election, Canada’s electronic spy agency issued a stark warning about the potential for foreign cyber interference.
  • Datametrex (DM:TSXV) believes foreign actors not only attempted to do so — they succeeded.
  • Using Artificial Intelligence designed to follow and analyze online narratives, Datametrex published a report investigating issues related to the election.
  • The report, in collaboration with Defence Research and Development Canada, found evidence of Russian bots meddling in Twitter discussions 
  • intention was focused on boosting extreme viewpoints and creating further polarization among groups with similar political views.
  • The report was presented to NATO in mid-October.
  • Datametrex has been awarded $40,000 contract for United States Air Force (USAF)

Foreign actors tried to influence Canadian election talk, but did they succeed?

Police have revealed new details of a ‘SIM swapping scam’ that could have serious implications for victims. (iStock/Bombuscreative)

  • “It doesn’t seem that there is a political agenda. Whether it’s bots or people, they’re engaging the ‘useful idiots’ who sit around on social media and regurgitate anything that fits their social or political agenda,” Marshall Gunter, CEO of Datametrex, said during a phone interview with CTVNews.ca earlier this month.

Nicole Bogart, CTVNews.ca Writer

Published Monday, November 25, 2019 11:43AM EST

TORONTO — Despite concerns of foreign interference and disinformation, a growing epidemic of toxic political dialogue found in online echo chambers should have been at the top of Canada’s concerns going into the federal election, analysts say.

As the dust settles on Parliament Hill, research suggests that foreign-controlled bot networks tapped into growing partisanship in Canada’s online conversations, taking advantage of those dead set in their political beliefs.

“It doesn’t seem that there is a political agenda. Whether it’s bots or people, they’re engaging the ‘useful idiots’ who sit around on social media and regurgitate anything that fits their social or political agenda,” Marshall Gunter, CEO of Datametrex, said during a phone interview with CTVNews.ca earlier this month.

Prior to the election, Canada’s electronic spy agency issued a stark warning about the potential for foreign cyber interference.

The Communications Security Establishment (CSE) said it was “highly likely” that interference in Canada’s democratic process would be done using tactics similar to those used against other countries, including the amplification of polarizing political issues.

Gunter and his team believe foreign actors not only attempted to do so — they succeeded.

“It starts with a wave and turns into a tsunami,” Gunter said, referencing how foreign bad actors work to disrupt political spheres online. “That’s their way of interfering.”

Using machine-learning based technology called Nexalogy, designed to follow and analyze online narratives, Datametrex recently published a report investigating issues related to the election.

The report, in collaboration with Defence Research and Development Canada, found evidence of Russian bots meddling in Twitter discussions on political wedge issues in Canada, including ethical issues, pipelines, and climate change.

But that meddling did not seem to fit a political agenda, such as having a particular candidate elected over another. Instead researchers say its intention was focused on boosting extreme viewpoints and creating further polarization among groups with similar political views.

“Within Canada, the focus is more about distracting the population,” reads the report obtained by CTVNews.ca.

“Upsetting well-established democracies by increasing the divisions between citizens with opposing views is an effective method; while the people of that country are busy ‘fighting’ each other, Russia is able to move with greater freedom with less scrutiny.”

The report was presented to NATO in mid-October.

Although the data analyzed in the report was gathered between June and August, months before the election was officially called, Datametrex president Jeff Stevens said that his team has continued to collect and analyze Twitter conversations related to Canadian politics, including “Wexit,” flagging similar suspicious activity.

This isn’t the first allegation of foreign actors amplifying Canadian political conversations.

In September, analysis of about 34,000 tweets from approximately 4,896 accounts by researcher Marc Owen Jones revealed that 15 per cent of accounts using the hashtag #TrudeauMustGo were ones that primarily identified with U.S. right-wing politics.

Those accounts also showed evidence of spam or bot-like activity.

Speaking to CTVNews.ca in October, Jones said he continued to see this type of activity on Canadian political hashtags despite Twitter downplaying the concerns, saying its investigations found no “substantial bot activity amplifying the cited hashtag.”

When asked about both reports, a government spokesperson told CTVNews.ca by email that the Critical Election Incident Public Protocol panel — designed to respond to threats to the democratic process — did not observe any activities that “met the threshold for public announcement or affected Canada’s ability to have a free and fair election.”

Not everyone is buying the idea of foreign entities meddling in our political discourse.

“Partisanship is the real pernicious force here in the Canadian online discourse,” Taylor Owen, digital media professor, said during an interview on the Attention Control podcast in October.

“It determines who you follow, it determines the language you use, the type of policy you support. It dissuades you from being able to be fact-checked. It really is the variable that causes a lot of the problems that we’ve flagged.”

Owen, director of the Digital Democracy project, spent the course of the election looking at instances of disinformation and interference.

He says his team did not find any evidence of foreign actors driving conversations on Canadian issues.

“One of the things we really saw in our projects is real echo chambers in online debate where partisans were really just talking to each other,” Owen said.

“We didn’t see a lot of what we call formal disinformation campaigns, foreign or domestic.”

Owen suggests that banning foreign ad spending as part of bill C-76 likely decreased the potential for large-scale foreign interference attempts.

Either way, researchers on both sides agree that Canadians are becoming more divided.

“I don’t think this content affected the vote, what it did is degraded the public discourse. It entrenched partisanship and further confirmed their biases,” said Owen.

Source: https://www.ctvnews.ca/politics/foreign-actors-tried-to-influence-canadian-election-talk-but-did-they-succeed-1.4701228

Datametrex $DM.ca Reduces Senior Executives Compensation

Posted by AGORACOM-JC at 12:49 PM on Monday, November 18th, 2019
  • Senior Management including; Andrew Ryu, Jeffrey Stevens and Steve Kang have voluntarily agreed to reduce their compensation by approximately 40% effective immediately
  • Additionally, the Company’s 10% rolling stock option plan was re-approved and confirmed
  • Shareholders passed a special resolution to change the name of the Company from Datametrex AI Limited to Nexalogy AI Limited as well as a share consolidation plan of up to 8 to 1 

TORONTO, Nov. 18, 2019 – Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G) is pleased to announce that the Senior Management including; Andrew Ryu, Jeffrey Stevens and Steve Kang have voluntarily agreed to reduce their compensation by approximately 40% effective immediately. The Company also completed the integration of back office functions of Nexalogy. As a result, the Company has cut down the number of staff and office space as a part of its cost saving strategy.

“Our goal is to grow the business and share price organically rather than doing a share consolidation. The entire team is aligned with our shareholders in getting the Company back on track,” says Marshall Gunter, CEO of the Company.

The Company is also pleased to announce completion of it’s annual and special meeting.  At the meeting, Andrew Ryu, Charles Schade, Janeen Stodulski, David Ellison and John McMullen were elected as directors of the Company and KPMG were appointed as auditors for the Company.  Additionally, the Company’s 10% rolling stock option plan was re-approved and confirmed and shareholders passed a special resolution to change the name of the Company from Datametrex AI Limited to Nexalogy AI Limited as well as a share consolidation plan of up to 8 to 1. 

The Company’s name will not be changed until the Company files articles of amendment and obtains the necessary regulatory approvals.  While the resolution gives discretion to the Company’s board and management to effect the share consolidation, no decision has been made by the Company to complete the consolidation or what the consolidation ratio will be.  If and when the Company decides to implement the share consolidation, a further press release will be disseminated with the details of the share consolidation.

About Datametrex

Datametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com).

For further information, please contact:

Jeff Stevens – President
Phone: 647-777-7974
Email: [email protected]

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws.  All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

#Datametrex #AI Limited Fake News Filter Shows Propaganda Accounts Active in #DonCherry Scandal

Posted by AGORACOM-JC at 7:17 AM on Thursday, November 14th, 2019
  • 50,000 plus tweets we analyzed in one day, more that 30 accounts were suspicious in nature and using the issue to promote a divisive agenda.
  • A number of the accounts identified were also active in the #ELXN43 campaign buzz on social media
  • “This project further demonstrates how important it is to have tools to identify fake news sources so government, corporations and high profile individuals can control the narrative around their issues and brands,” says Marshall Gunter, CEO of the Company.

TORONTO, Nov. 14, 2019 — Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G) yesterday shared the results of its fake news filter on the Canadian Federal Elections ( #ELXN43 ) in coordination with our client, Defence Research and Development Canada (DRDC). Now that the tool has been built and delivered, the Company is now able to further commercialize the solution and offer it to government and enterprise clients alike. 

Out of interest, we decided to turn the filter on the recent scandal involving hockey commentator Don Cherry to see if known propaganda accounts and BOTs were active in the conversations and trying to use it as a wedge to further divide public opinion in Canada. We were not surprised to learn that of the 50,000 plus tweets we analyzed in one day, more that 30 accounts were suspicious in nature and using the issue to promote a divisive agenda. A number of the accounts identified were also active in the #ELXN43 campaign buzz on social media. 

As with the project we completed for DRDC, we used our NexaNarrative tool, for narrative tracking, disinformation detection, and publisher classification. Building on our previous fake news detection work, NexaNarrative provides narrative identification and growth tracking software that allows analysts to track the spread of disinformation online and to engage this disinformation using the BEND doctrine of information warfare currently in use by Canada and most other NATO countries.

“This project further demonstrates how important it is to have tools to identify fake news sources so government, corporations and high profile individuals can control the narrative around their issues and brands,” says Marshall Gunter, CEO of the Company.

For more information on this project or to learn how Datametrex can assist your organization in social media discovery, Fake News Filters and BOT detection please go to:

www.nexalogy.com

About Datametrex

Datametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com).

For further information, please contact:

Jeff Stevens – President
Phone: (416) 482-3282
Email: [email protected]

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws.  All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

Datametrex $DM.ca Awarded $40,000 USD For the United States Air Force

Posted by AGORACOM-JC at 7:29 AM on Tuesday, November 12th, 2019
  • Successfully been awarded the first contract in the USA defence market with Wright State Advanced Research Centre (WSARC) for $40,000 USD
  • The contract will lead to research that will be done with US Air Force researchers at the Air Force Research Laboratory Airman Systems directorate

TORONTO, Nov. 12, 2019 — Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G) is pleased to announce that it has successfully been awarded the first contract in the USA defence market with Wright State Advanced Research Centre (WSARC) for $40,000 USD. The contract will lead to research that will be done with US Air Force researchers at the Air Force Research Laboratory Airman Systems directorate.

The Air Force Research Laboratory (AFRL) is a scientific research organization operated by the United States Air Force Materiel Command dedicated to leading the discovery, development, and integration of affordable aerospace warfighting technologies, planning and executing the Air Force science and technology program, and providing warfighting capabilities to United States air, space, and cyberspace forces.

“This is a huge milestone for Datametrex and Nexalogy. We were granted approved vendor status to the US Government back in January of this year. Since then, our team has been working diligently with various organizations in the US and we are thrilled to announce this first contract. Datametrex will continue to establish itself as a trusted solution provider and look to expand within the US military departments,” says Marshall Gunter, CEO of the Company.

For more information on this project or to learn how Datametrex can assist your organization in social media discovery, Fake News Filters and BOT detection please go to:
www.nexalogy.com

About Datametrex

Datametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com).

For further information, please contact:

Jeff Stevens – President
Phone: (416) 482-3282
Email: [email protected]

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws.  All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.