(TheNewswire)
Calgary , Alberta – April 16 , 2024 – TheNewswire – nDatalyze Corp. (“NDAT” or the“Corporation”) (CSE:NDAT) (OTC:NDATF) is pleased to announce thaton April 16, 2024 the Board of Directors approved thepreviously-announced (March 14, 2024) agreement to acquire 100% ofMindbalanced Inc. (“MB”) of the State ofFlorida, USA. The terms and conditions of the transaction as set outin the previous release remain essentially the same and the CanadianSecurities Exchange (“CSE”) has informed the Corporation that thetransaction, as structured, does not require CSE approval. Consistentwith the terms and conditions of the transaction, Dr. Keith Courtneyhas resigned as the Corporation’s President and is replaced byJoshua Hill. Dr. Courtney will remain as the Corporation’s ChiefPsychiatric Officer. Mr. Hill will also become amember of the Corporation’s Board of Directors and it is expectedthat Mr. Hill will nominate one other Director in due course.
Jim Durward, CEO, states: “I’m extremely happy withthis transaction. Not only is it low risk for nDatalyze, but it offerssignificant near-term revenue potential as well as a marketpenetration point for our advanced YMI analytical tool. As President,Josh Hill can now apply his experience inspecialty pharmaceuticals and complex regulatory landscapes to drivethe Corporation forward. Once Josh has settled into his new position Iexpect he will be announcing more details as to his plans for thefuture.”
For Further Information about thistransaction, please contact:
James Durward, CEO&CTO
Tel: (403) 689-3901
Email: jimd@ndatalyze.com
nDatalyze Website: https://www.ndatalyze.com
About YMI: YMIuses evidence-based, objective data from whole life experiences topredict individual mental states over time and applies this knowledgetowards a fuller understanding of how mental health develops, and howto improve mental wellbeing. YMI combines supervised machine-learningwith a proprietary Reference Database to predict an individual’spredisposition toward a variety of common mental conditions, bothcurrent and forward in time. YMI is poised to revolutionizemental health diagnoses while ensuring a sustainable revenue stream.By strategically addressing the causes of misdiagnosis, establishingcredibility through clinical studies, and targeting key markets, YMIaligns both societal impact and financial success.
Neither the Canadian Securities Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the Canadian Securities Exchange) accepts responsibility for theadequacy or accuracy of this release. This news release does notconstitute an offer to sell or a solicitation of an offer to sell anyof the securities in the United States. The securities have not beenand will not be registered under the United States Securities Act of1933, as amended (the "U.S. Securities Act") or any statesecurities laws and may not be offered or sold within the UnitedStates or to U.S. Persons unless registered under the U.S. SecuritiesAct and applicable state securities laws or an exemption from suchregistration is available. The information in this news releaseincludes certain information and statements about management's view offuture events, expectations, plans and prospects that constituteforward looking statements. These statements are based uponassumptions that are subject to significant risks and uncertainties.Because of these risks and uncertainties and as a result of a varietyof factors, the actual results, expectations, achievements orperformance may differ materially from those anticipated and indicatedby these forward-looking statements. Any number of factors could causeactual results to differ materially from these forward-lookingstatements as well as future results. Although the Corporationbelieves that the expectations reflected in forward looking statementsare reasonable, it can give no assurances that the expectations of anyforward-looking statements will prove to be correct. Except asrequired by law, the Corporation disclaims any intention and assumesno obligation to update or revise any forward-looking statements toreflect actual results, whether as a result of new information, futureevents, changes in assumptions, changes in factors affecting suchforward-looking statements or otherwise.
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