NexTech Voluntarily Halts Stock
February 14 2020 - 9:11AM
NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE:
N29), the leader in augmented reality for e-commerce and AR
learning applications, has decided to voluntarily halt stock
trading for one business day.
Evan Gappelberg, CEO of NexTech, comments, “We are preparing a
further response to the short sellers and to all the law firms in
the USA that are flooding our company with misleading press
releases multiple times per day.”
The voluntary halt will remain in effect all day today, Friday,
February 14th, 2020. The stock will resume trading after the long
holiday weekend on Tuesday, February 18th, 2020.
About NexTech AR Solutions
Corp.
NexTech is one of the leaders in the rapidly
growing AR industry, estimated to hit $120 billion by 2022,
according to Statista. NexTech, the first publicly traded
“pure-play” AR company, began trading on the CSE on October 31st,
2018. NexTech has a two-pronged strategy for rapid growth including
growth through acquisition of eCommerce businesses and growth of
its omni-channel AR SaaS platform called ARitize™.
The company is pursuing four multi-billion
dollar verticals in AR.
ARitize™ For eCommerce; The
company launched its technologically advanced webAR for eCommerce
early in 2019 and has been rapidly signing up customers onto its
SaaS platform. Customers include Walther Arms, Wright Brothers, Mr.
Steak, and Budweiser. NexTech has the first ‘full funnel’
end-to-end eCommerce solution for the AR industry including its 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’.
ARitize™ University; having
launched in June 2019, the app-based solution allows companies and
educational establishments to leverage all of their existing 2D
assets - YouTube videos, PDF documents, PowerPoint decks, images,
etc. - and then overlay immersive 3D-AR experiences on top of that
content for an interactive training experience that drives
productivity.
ARitize™ Hollywood Studios;
expected to launch in Q1 2020, the studio has created a proprietary
entertainment venue for which it is producing immersive content
using 360 video, and augmented reality as the primary display
platform.
ARitize™ 3D-AR-360 Advertising
Platform: launched in Q1 2020 the ad platform will be the
industry's first end-to-end solution whereby the company will
leverage its 3D asset creation into 3D, 360, AR ads. In 2019,
according to IDC, global advertising spend will be about $725
billion.
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 GappelbergChief Executive
Officerinfo@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, 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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