Nextech (CSE: NTAR) (NEO: NTAR) (OTCQB: NEXCF) (FSE: N29), a Metaverse company and leading provider of augmented reality (“AR”) experience technologies and services, will be hosting a livestream event, scheduled for today at 1 p.m. ET. During the event, company leaders will provide an overview of Nextech’s new 3D virtual events platform, the Metaverse and the pandemic implications for the virtual events business. Presenters will include Nextech AR CEO Evan Gappelberg, COO Eugen Winschel and President Paul Duffy, who will talk about positioning virtual events in the Metaverse and company’s major upgrade to its virtual events platform, ARitize Events 3D. The event will help participants understand how they can utilize ARitize Events 3D to transform training and events by using 3D virtual sets and 3D AR showrooms and human holograms.
In addition, Nextech AR today announced a multi-year deal with Restaurants Canada. Founded as the Canadian Restaurant and Foodservice Association in 1944, Restaurants Canada is the largest foodservice organization in Canada with over 30,000 members. According to the update, the deal utilizes Nextech AR’s virtual events and Metaverse Studio as a managed service, which includes 3D AR booths, human holograms, 3D AR product experiences and augmented reality ads. The company will also build a “Metaverse Marketplace,” allowing members and vendors to virtually meet with one another and see all products and services under one umbrella. “This multi-year deal is a very substantial validation of both our virtual events platform and new 3D Metaverse Marketplace,” said Evan Gappelberg, CEO of Nextech AR. “The opportunity for revenue potential is significant, and we are excited to partner with Restaurants Canada again while having the opportunity to showcase our ad network, AR features and 3D product visualizations to 30,000 industry pros. With the Omicron variant spreading globally, live events are being scaled back or canceled and the world is once again looking for virtual event platforms, marketplaces and 3D product visualizations, which is causing a spike in our business.”
About Nextech AR Solutions Corp.
Nextech AR Solutions is a Metaverse company that develops and operates augmented reality (“AR”) platforms, transporting three-dimensional (“3D”) product visualizations, human holograms and 360° 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 for the Metaverse; 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 are 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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