Nextech AR Solutions (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a diversified leading provider of augmented reality (“AR”) experience technologies and services, has announced a Proactive Livestream event for shareholders; the event, which is scheduled for today at 1 p.m. EST, will include a corporate update. In addition, Nextech released a letter to shareholders that also included key corporate update information as well as a financial recap for the first half of 2021. The letter noted that Nextech is in an important period of growth and transition, and the message from NEXCF CEO and director Evan Gappelberg reviewed and clarified the strategic initiatives Nextech is focusing on in order to strengthen the company’s position as a leader in the industry and capture market share with its suite of increasingly interconnected products. “If I stand up and look at the other AR startups around me, we don’t fit into that group, as they are all point solutions,” said NEXCF CEO and director Evan Gappelberg in the letter. “Where I see us fitting in is with the tech giants, who essentially own a market. Apple owns your phone, Google owns your search engine, Amazon owns your shopping, Facebook, SNAP or TikTok own your social media. As the owners of 3D model creation (and the models themselves), Nextech’s position at this table will become increasingly important to the development of an agnostic platform for edtech, ecommerce and advertising, providing an ever-growing revenue stream.
We currently have many customers that use our 3D modeling technology, including some of the biggest brands, but we are still just getting started. It feels like all our hard work is about to pay off as we are entering the 1st inning of our transformation to a self-service SaaS business model which will allow us to populate the world with 3D models and AR visualizations.”
To view the event, visit https://ibn.fm/iqr5d
To view the full press release, visit https://ibn.fm/KSFmT
About Nextech AR Solutions Corp.
Nextech develops and operates augmented reality (“AR”) platforms that transport three-dimensional (“3D”) product visualizations, human holograms and 360-degree portals to its audiences altering e-commerce, digital advertising, hybrid virtual events (events held in a digital format blended with in-person attendance) and learning and training experiences.
Nextech focuses on developing AR solutions; however, most of the company’s revenues are derived from three e-commerce platforms: vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon. For more information about the company, please visit www.NextechAR.com.
NOTE TO INVESTORS: The latest news and updates relating to NEXCF are available in the company’s newsroom at https://ibn.fm/NEXCF
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