Mr. Evan Gappelberg reports

NEXTECH3D.AI ESTABLISHES NEXTECH3D SOLUTIONS INDIA PRIVATE LIMITED AS IT MOVES TO HIGH SCALE 3D MODEL PRODUCTION AHEAD OF RECORD DEMAND

Nextech AR Solutions Corp. is moving to high-scale production and, in preparation, has established Nextech3D Solutions India Pvt. Ltd., which is anticipated to increase profitability and reduce labour costs starting in Q4 2023. This strategic transition is anticipated to reduce expenses and significantly enhance the company's profitability and performance as it rolls out its AI (artificial intelligence) solution. The company is gearing up for a record Q3 and Q4, and record 3-D model growth in 2024. The company is now exclusively focused on high-scale production for its 3-D modelling business with Amazon and other enterprise accounts.

The company has transitioned away from small e-commerce clients that require a limited number of 3-D models, and is instead prioritizing large enterprise clients which demand thousands of models and high-scale production. This strategic shift is expected to bolster the company's revenue streams, and contribute significantly to its overall growth and financial stability.

As recently announced, Nextech3D.ai hired former Microsoft and Meta executive Hareesh Achi to manage its 3-D model productivity. Mr. Achi will lead establishing Nextech3D Solutions India, which will enhance overall performance and profitability for Nextech3D.ai. The focus on high-scale production and cost savings by setting up operations in India will result in growing profit margins for the company and improve operational efficiencies. Mr. Achi's vast experience in the tech industry, and his proven record of driving productivity and innovation make him the perfect candidate to lead this transformative initiative.

The move to India is expected to generate significant additional cash flow for Nextech3D.ai by optimizing production processes and taking advantage of cost-effective resources in the region. With these initiatives and others, the company is positioning itself for enhanced profitability for years to come in a rapidly evolving market. This strategic shift aligns perfectly with Nextech3D.ai's commitment to delivering top-tier 3-D modelling and augmented reality (AR) solutions while maintaining a keen eye on profitability and fiscal responsibility for its valued shareholders.

Recent news:

• Nextech3D.ai announces hire of former Microsoft, Meta executive Mr. Achi to manage its 3-D modelling AI productivity;
• Nextech3D.ai reports over 157 per cent year-to-date revenue growth;
• Nextech3D.ai announces new production record having delivered more than 50,000 3-D models.

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Nextech3D.ai has recently released "The public company CEO experience podcast," featuring Evan Gappelberg, a highly accomplished three-time public company CEO and serial entrepreneur. The podcast offers listeners an exclusive behind-the-scenes look into the dynamic life of a public company CEO with valuable insights, while also discussing trending topics and providing business updates on Nexech3D.ai, Toggle3D.ai and ARway.ai.

About AR Solutions Corp.

Nextech AR Solutions is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence to craft immersive 3-D experiences at scale for e-commerce. The company's primary focus lies in creating high-quality 3-D WebAR photorealistic models for Amazon and various other on-line retailers. Nextech has adopted a unique approach to creating shareholder value beyond its operating business of creating 3-D models.

The company also develops or acquires disruptive AI technologies, which are subsequently spun out to shareholders as stand-alone public companies. This spin-out strategy allows Nextech to issue stock dividends to its shareholders while maintaining significant ownership in the public spinout, without dilution to the parent company.

Notably, Nextech successfully spun out ARway Corp., its spatial computing platform, as a stand-alone public company on Oct. 26, 2022. The company retains a 49-per-cent stake with 13 million shares in ARway while distributing four million shares to Nextech shareholders.

Similarly, Nextech accomplished its second spinout launching Toggle3D.ai Corp., an AI-powered 3-D design studio aimed at competing with Adobe. The company retains a 44-per-cent stake with 13 million shares in Toggle3D.ai.

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