EXTENDS SIGNING DATE FOR SHARE PURCHASE AGREEMENT WITH NEXALOGY
Everfront Ventures Corp., (EVC.V) its wholly owned subsidiary, Datametrex Ltd., and Nexalogy have agreed to extend the signing date for the share purchase agreement from Aug. 21, 2017, to Sept. 20, 2017, and to also extend the anticipated closing date from on or about Oct. 20, 2017, to on or about Nov. 20, 2017.
"We are pleased to be moving forward with Nexalogy and look forward to working together to grow and expand Nexalogy's innovative platform in a number of vertical markets. Despite the delays, we have been able to present Nexalogy's solutions to a number of groups and are confident we will have a strong pipeline for the combined technologies on closing. Nexalogy will be accretive to Everfront in a number of areas," said Andrew Ryu, chairman and chief executive officer for the company.
About Everfront Ventures Corp.
Everfront is the publicly traded holding company of 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.