Uptick Newswire Stock Day Podcast welcomed NexTech AR Solutions
(the “Company” or “NexTech”) (CSE: NTAR) (OTC: NEXCF) (FSE:N29), a
tech company bringing augmented reality to the Cannabis market by
turning 2D products into exciting 3D consumer experiences. CEO,
Evan Gappelberg, talked with Stock Day’s Everett Jolly.
At the start of the interview, Jolly mentioned NexTech AR
Solutions recently announced it has closed on its recent
acquisition. The VCM business owned by AR Ecommerce is now a
division of Nextech which generated approximately $2,650,000 (USD)
in revenue and $275,000 (USD) in EBITDA for the 2018 calendar
year.
“The main reason we purchased this ecommerce business was so
that we can take our technology and plug it in and immediately
start to get data as well as increase our value proposition by
generating additional sales on the ecom site,” said Gappelberg.
He went on to explain that it will give the company a platform
to test AR and AI, which is critical to their mission of rolling
out new technology on a month-by-month basis.
“Using this platform, we can see an actual customer journey. We
can watch somebody shop the site in real time, see them interact
with our augmented reality and know what they like, what they don’t
like and continue to fine tune the technology until we perfect it,”
he explained.
Jolly then asked if Gappelberg could explain to listeners what
exactly AR is and why it’s so important to have AR in ecommerce. He
explained that AR is a way of enhancing reality with digital
data.
“On the ecom side of AR we are not using it on gaming,”
Gappelberg said. “We’re using it as a business tool. What that
means is basically, we are allowing people to shop at home in 3D,
as if the product is in the room with them. It means a lot because
every year there is about $300 billion worth of product that’s
returned because they don’t fit, they’re the wrong size, the wrong
color. And so, when you are able to shop with the product in the
room with you, a digital twin, that’s what AR allows you to do, a
digital twin in the room with you.”
He said with AR, the returns go down about 80% and at the same
time sales go up dramatically.
“In the short time we’ve integrated our AR into our new
ecommerce business, we’ve seen in a week, the single product that
we ARitized generated a month’s worth of revenue.”
Jolly then asked if they plan on licensing out their technology
to any other companies.
“100 percent,” said Gappelberg. “We have two other revenues. One
is acquiring and integrating into our own ecommerce sites. At the
same time, we really want to scale our business and offer the same
technology we are using on our site to other ecommerce site owners
as well.”
Jolly then asked about the company’s plans for the next few
months. Gappelberg says the company is just getting started. He
explained they are already in talks with other ecommerce companies
and are rolling out their ecommerce platforms.
“We are experiencing very rapid growth, both through offering
our platform to others and we are going to be making acquisitions.
We are going to be very, very aggressive over the next few months,”
said Gappelberg.
To hear the entire interview with NexTech CEO, listen to the
entire Stock Day podcast, here:
https://upticknewswire.com/featured-interview-ceo-evan-gappelberg-of-nextech-ar-solutions-corp-otcpink-nexcf-2/
Investors Hangout is a proud sponsor of “Stock Day,” and Uptick
Newswire encourages listeners to visit the company’s message board
at https://investorshangout.com/
About NexTech AR Solutions Corp.
NexTech is bringing augmented reality to the Cannabis market by
turning 2D products into exciting 3D consumer experiences. NexTech
is currently developing a proprietary and disruptive Augmented
Reality (AR) advertising and education platform that uniquely
engages by connecting brands and retailers through a fully
immersive 3D AR experience called Native AR. 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™.
For further information, please contact:
Evan GappelbergCEO and Directorinfo@nextechar.com
Notice Regarding Forward-Looking Statements
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.
About Uptick Newswire and the “Stock Day”
Podcast
Founded in 2013, Uptick Newswire is the fastest growing media
outlet for Nano-Cap and Micro-Cap companies. It educates investors
while simultaneously working with penny stock and OTC companies,
providing transparency and clarification of under-valued,
under-sold Micro-Cap stocks of the market. Uptick provides
companies with customized solutions to their news distribution in
both national and international media outlets. Uptick is the sole
producer of its “Stock Day” Podcast, which is the number one radio
show of its kind in America. The Uptick Network “Stock Day” Podcast
is an extension of Uptick Newswire, which recently launched its
Video Interview Studio located in Phoenix, Arizona.
SOURCE:Uptick
Newswire602-441-3474https://upticknewswire.com/
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