NexTech
to Present at the Think Equity Conference May 2nd
CEO to provide update on company's growth-by-acqusition strategy
and advancement of its innovative augmented reality technologies
for eCommerce, education, and live streaming
New
York, NY and Toronto,
ON, Canada -- April 8, 2019 -- InvestorsHub NewsWire
-- NexTech
AR Solutions
(the "Company" or "NexTech") (OTC: NEXCF)
(CSE:
NTAR) (FSE:N29)
announced
today that CEO
Evan Gappelberg will present an overview of the Company's business
at the Think Equity Conference, held May 2, 2019 at the Mandarin
Oriental Hotel in New York City. The Think Equity Conference is an
exclusive event dedicated to connecting small and micro-cap
companies with high-level institutional and retail
investors.
"NexTech
continues to execute on its
growth-by-acquisition strategy
with its January
AR eCommerce
acquisition, February
Hootview
acquisition, and its LOI for a third
acquisition in 2019, announced March 19.
The third acquisition is expected to close April 11, 2019,
which
would set the foundation for NexTech to take its consolidated
businesses from $4.85 million USD to a projected $8.2 million USD
in revenue and $707,000 in EBITDA for 2019," said Evan Gappelberg,
CEO of NexTech. "Since our October 31st, 2018 listing date we have
been hyper-focused on getting to cash flow positive in 2019. Our
strategy is to acquire cash flow generating eCommerce businesses
and launch, then scale our AR platform around our three
verticals".
Gartner reports 100 million
consumers will shop in augmented reality online and in-store by
2020. The company is rapidly signing up customers and building out
its AR and AI eCommerce offerings, which include using AI to create
a guided and knowledgeable curator that can be programed to be used
across all commerce.
NexTech's 'full funnel'
end-to-end eCommerce solution for the AR industry includes offering
3D product capture, 3D ads for Facebook and Google, 'Try it On'
technology for online apparel, 3D and 360-degree product views, and
'one click buy.' The platform is affordable, scalable,
customizable, and most importantly, easy to integrate within an
existing web interface, making NexTech one of the leaders in the
rapidly growing AR industry, estimated to hit $120 billion by 2022,
according to Statista.
About
NexTech AR Solutions Corp.
NexTech
has a two-pronged growth strategy which includes
growth-by-acquisition with multiple deals closed in 2019 and
bringing a next
generation web-enabled
augmented reality (AR) platform with Artificial Intelligence (AI)
and analytics to the Cannabis industry, eCommerce, education,
training, healthcare and video conferencing. Having integrated with
Shopify, Magento and Wordpress, its technology offers eCommerce
sites a universal 3D shopping solution. With just a few lines of
embed code, the company's patent-pending platform offers the most
technologically advanced 3D AR/AI
technology anywhere. Online
retailers can subscribe to NexTech's
state of the art, 3D AR/AI solution for
$79/mo. The company has created the AR industry's
first
end-to-end affordable, intelligent, frictionless, scalable
platform. To learn more, please follow us on
Twitter,
YouTube,
Instagram,
LinkedIn, and
Facebook, or visit our
website:
https://www.nextechar.com.
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
Media
contact:
Erin
Hadden
FischTank Marketing
and PR
ehadden@fischtankpr.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, levels
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.