NexTech CEO Evan Gappelberg Presenting at the Think Equity Conference Today May 2nd
May 02 2019 - 8:45AM
InvestorsHub NewsWire
NexTech CEO Evan
Gappelberg Presenting at the Think Equity Conference Today May
2nd
CEO to provide an update on company’s
growth-by-acquisition strategy and advancement of its SaaS business
for eCommerce, education, and live
streaming
New York, NY and Toronto,
ON -- May 2nd, 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, today 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 closed April 13, 2019, which puts NexTech’s AR enabled e-commerce revenue at a
$4.85 million USD trailing 12 month run rate with a projected $8.2
million USD revenue target and positive 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, AR enable them with our AR technology, plus scale our
SaaS business around our three verticals: AR e-commerce, AR
education and training and AR live
streaming”.
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.
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