via NEWMEDIAWIRE -- NexTech AR Solutions (the “Company” or
“NexTech”) (
CSE: NTAR)
(OTC:
NEXCF) (FSE:N29) is pleased to
provide this first shareholder update since its listing date of
October 31st, 2018.
NexTech AR Solutions has emerged as an early adopter and market
leader of augmented reality (AR) and artificial intelligence (AI)
and has been growing quickly with 21 employees with three offices
located in Toronto, Dallas and NY.
1/10/19: Cash position
$2,700,000
10/31/18: Listing price
$0.25
1/10/19: Closing price $0.82
+227%
1/8/19: Entered into an
agreement to acquire AR Ecommerce, LLC (“AR
Ecommerce”) in consideration for two million common shares
of NexTech. AR Ecommerce is a leading eCommerce business which
generated approximately $2,650,000 (USD) in revenue (unaudited) and
$275,000 (USD) in EBITDA for 2018 (unaudited) for the period from
January 1st 2018-December 31st 2018. AR Ecommerce has been in
business since 2011 and has served hundreds of thousands of
customers over the years. This acquisition brings in house a
substantial eCommerce business which NexTech plans on using as a
showcase for its augmented reality (AR) and artificial intelligence
(AI) technology stack as well as a foundation for additional
strategic acquisitions.
1/3/19: Integrated the Experience API
(xAPI) into its patent pending web enabled AR eCommerce platform.
xAPI integration enables the tracking of micro-behaviors throughout
the AR experience creating a valuable sea of data for eCommerce
sites.
12/27/18: Began integrating IBM Watson’s
Machine Learning (ML) algorithms into its patent pending web
enabled AR platform. With this integration NexTech is quickly
building out a next generation, industry first, artificial
intelligence (AI) based AR eCommerce solution. With AI the
platform will now be able to offer scanning of the body, hands, and
feet as well as facial features, to understand an individual
shopper’s style, sizes and preferences, as well as creating AR
holograms acting as personal shopping assistants. The AR eCommerce
platform is expected to exit beta and have a commercial launch in
January 2019, with AI features beginning to rollout in February
2019.
12/20/18: Launched a new Unity plugin
developer-focused program called the “ARitize Studio”. ARitize
Studio is a publishing platform available for the creation and
distribution of AR-first and AR-native experiences for iOS, Android
and NexTech’s patent pending Web enabled AR platform. With this
launch NexTech has built a powerful suite of tools which makes the
creation of engaging Augmented Reality experiences simpler and more
efficient for the Unity developer community.
12/20/18: CEO Evan Gappelberg bought $250,000
or 500,000 shares of NexTech common shares. He acquired the
shares at $0.50/share through the exercise of his $0.50 warrants.
This investment is a follow on investment to his $125,000 purchase
which he made in May 2018.
12/11/18: Successfully integrated its
patent pending web enabled AR eCommerce solution with Shopify,
WordPress, and Magento. With this integration all Shopify
merchants, Magento merchants and WordPress sites which together
comprise about 90% of eCommerce, will have the ability to easily
integrate AR shopping experiences into their sites.
12/5/18: BTV- Business Television came by
the NexTech AR Toronto office to chat with our CEO Evan Gappelberg
about our latest additions to the ARitized Ecomm platform.
LINK: http://www.nextechar.com/2018/12/btv-new-listing-alert/
12/4/18: Acquired “edCetra” a premier
eLearning on demand platform. Since signing an exclusive
license agreement in May 2018, NexTech has been working on
integrating augmented reality (“AR”) into the “edCetra” platform
which is now complete. The company is preparing the eLearning
platform for a re-launch in January 2019, with the added augmented
reality feature. NexTech sees education and training as
another substantial opportunity where augmented reality can
transform an entire industry.
11/29/18: Filed a comprehensive
provisional patent application for its recently announced web
enabled augmented reality eCommerce solution and is in the process
of filing a fast-tracked non-provisional application over the next
60 days. NexTech’s patent allows for an efficient way of
integrating augmented reality and mixed reality experiences across
all platforms without having to install an app.
11/26/18: Released a beta version of its
web enabled augmented reality eCommerce solution. With a web
enabled AR solution, NexTech has eliminated the biggest friction
point of AR, which was that a consumer first had to download an app
to experience AR eCommerce. Over the next few weeks NexTech will be
working with its partners to install its embed code into their
websites and ARitize™ their products enabling online AR
shopping.
10/31/18: Canadian Securities Exchange
(the “CSE”) has approved the listing of the common
shares of NexTech. NexTech’s shares are expected to begin trading
on the CSE on October 31, 2018 under the trading symbol “NTAR”.
About NexTech AR Solutions Corp.
NexTech is bringing augmented reality (AR) to the
masses by creating an AR ecosystem featuring eCommerce solutions
for websites, AR learning and education as well as AR live
streaming for events. The company has filed a patent around
its AR web-enabled eCommerce platform which has been integrated
with Shopify, Wordpress and Magento. The AR can “go live” on any
ecomm site with just a few lines of embed code creating a highly
scalable platform. The global eCommerce industry is a $2.8
trillion-dollar marketplace and growing. NexTech has acquired its
e-learning platform “edCetra” which has been used by Fortune 500
companies such as Imperial Oil, Bombardier and Staples, as well as
the Library of Congress and others to educate and train employees.
NexTech has added augmented reality ("AR") training and education
options into the platform and expects to launch in 2019. The
company is also working on bringing forth its AR live streaming
platform for shows and live events. All of the company’s
platforms run off of one CRM which allows for its AR ecosystem to
rise up. NexTech launched its ARitize™ app in August 2018,
which is capable of hosting many brands 3D objects and augmented
reality experiences. NexTech also owns a large and diverse revenue
generating App Portfolio that is deployed on the iTunes and Google
play store which it intends to ARitize™.
On behalf of the Board of NexTech AR Solutions
Corp.
“Evan Gappelberg”
CEO and Director
For further information, please contact:
Evan Gappelberg
Chief Executive Officer
info@nextechar.com
The CSE has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Certain information contained herein may
constitute “forward-looking information” under Canadian securities
legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as, “will
be”, “looking forward” or variations of such words and phrases or
statements that certain actions, events or results “will” occur.
Forward-looking statements regarding the Company increasing
investors awareness are based on the Company’s estimates and are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of NexTech to be materially different from those
expressed or implied by such forward-looking statements or
forward-looking information, including capital expenditures and
other costs. There can be no assurance that such statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. NexTech
will not update any forward-looking statements or forward-looking
information that are incorporated by reference herein, except as
required by applicable securities laws.
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