Everfront Ventures Signs LOI with Distribution Canada to Collect Retail Point of Sale Data

TORONTO, Aug. 21, 2017 (GLOBE NEWSWIRE) — Everfront Ventures Corp. (the “Company” or “Everfront”) (TSX-V:EVC) and its wholly owned subsidiary, Datametrex Limited (“Datametrex”), are pleased to announce that the Company has signed an Letter of Intent (“LOI”) with Distribution Canada Inc (“DCI”) to partner in the collection of sell through data from retail Point of Sale (“POS”) terminals.

The proposed partnership will see DCI and the Company partner in deploying DataTap devices to DCI members. By utilizing DataTap devices, DCI’s members for the first time will be able to aggregate their sales data and benefit from the collective purchasing power of the organization. The terms of the partnership will be defined in a formal agreement. 

Andrew Ryu, the Company’s Chief Executive Officer stated: “We are very excited with this partnership and the volume opportunity it presents for entry into the DataTap market.  We are also thrilled to work with DCI, one of the leading associations in Canada. This represents a huge opportunity for the company’s growth strategy to become the industry leader in data collection from the Small and Medium Enterprise market where presently there is no competition.” 

About Distribution Canada Inc.

DCI is a national organization that was formed as a buying group for “Independent Canadian Grocers” in 1981. To date, membership has grown to include independent grocers, small grocery chains, wholesalers/distributors, and C-store chains. Collectively members / shareholders operate thousands of retail outlets with combined annual retail sales in the billions.

To learn more about DCI, visit: www.distributioncanada.ca

About the Company

Everfront is the publicly traded holding Company of Datametrex Limited (“Datametrex”). Datametrex is a focused on collecting and aggregating sales data from retail Point of Sale (POS) terminals. Datametrex offers a plug and play solution for retailers. The Company extends the life of retail POS terminals by retrofitting existing POS to the benefits of new cloud-based devices through its DataTap technology. DataTap captures all data sent from the POS to the receipt printer or scanner and then sends it to the cloud, so it can be presented in a dashboard for management to monitor key pertinent information.  

To learn more about Datametrex, visit: www.datametrex.com

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