Ndatalyze to complete genetic swab collection

Executive Summary

• Ndatalyze Corp. provided an update on its "Epitome" predictive sports performance analytics project, confirming the completion of data collection for two Western Hockey League (WHL) teams, with a third team from the Ontario University Athletics conference expected to finish data collection by the end of November.
• The company reported progress on its previously announced reverse takeover (RTO), noting that the target's audit is ongoing due to the complexity of product SKUs and inventory tracking.
• A tax opinion for the controlling shareholder of the RTO target has been received, and paperwork regarding the RTO share structure is being finalized ahead of an anticipated private placement and presentation to the Canadian Securities Exchange (CSE). Trading remains halted.

Key Details

• Epitome Project Status:
  • Completed genetic swab and questionnaire collection for two of three participating WHL teams.
  • The third team is from the Ontario University Athletics conference.
  • Data collection for the third team is scheduled to begin before October 31.
  • Project closure for the third team is expected prior to the end of November.
• Reverse Takeover (RTO) Update:
  • The RTO target audit is continuing; the extended timeline is attributed to the large number of product SKUs and the need to track items from purchase to sale.
  • The tax opinion required for the controlling shareholder of the RTO target has been received.
  • Associated paperwork and the RTO share structure are currently being finalized.
  • The company anticipates a private placement and a presentation to the Canadian Securities Exchange (CSE) following the finalization of these documents.
  • Trading in the corporation's shares remains halted until the RTO is completed or abandoned.

Notable Quotes

• Jim Durward, President: "Player participation has been exceptional. It's such a pleasure to work with people who understand the technology's potential and want to apply it to inform better performance from individual players and entire teams."