Mr. Evan Gappelberg reports

NEXTECH3-D.AI REPORTS 2023 THIRD QUARTER EARNINGS

Nextech3-D.AI Corp. has released its financial and operating results for its third quarter ended Sept. 30, 2023.

Please join Evan Gappelberg, chief executive officer, and Andrew Chan, chief financial officer, after the close today, Nov. 29, 2023, at 5 p.m. ET, where Nextech3-D.ai will host a conference call to discuss these financial results.

Evan Gappelberg -- CEO commentary

"We continue to build towards our future with solid year-over-year growth of 97 per cent across our business. While I'm personally disappointed that we didn't see Amazon open seller central in Q3 and consequently our revenue spike, I'm also confident that it is in motion and likely to happen in Q1, 2024." He continued: "In the fast-evolving world of technology, adaptability is key to sustained success. Our investment in our AI library of 3-D meshes or parts is setting us up for success in 2024. We are on the cusp of a significant breakthrough that promises to have a materially positive impact on our business in 2024 and beyond. As AI and 3-D models continue to shape the future for e-commerce, we have positioned ourselves at the forefront of this transformative wave. We are ready to see results and capitalize on our AI capabilities in a pivotal way starting in Q1 2024."

Highlights -- nine months ending Sept. 30, 2023:

• Year-to-date revenue plus 97 per cent compared with same period last year;
• Q3 revenue plus 30 per cent compared with same period last year;
• Gross profit year to date plus 18 per cent compared with same period last year;
• Delivery of 60,000plus 3-D models to date.

Earnings call details:

• Title: Nextech3-D.ai 2023 third quarter earnings and conference call;
• Call date: Wednesday, Nov. 29, 2023;
• Time: 5 p.m. Eastern Time (United States and Canada).

Participant details:

• Participant toll-free dial-in number: 1-888-330-2024;
• Participant toll dial-in number: 1-646-960-0187;
• Conference ID: 7778367.

For those unable to join the live event, a recording of the presentation will be posted on the company's investor relations website.

About Nextech3-D.ai Corp.

Nextech3D.AI is a versatile augmented reality and artificial intelligence technology company that utilizes its proprietary artificial intelligence (AI) 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. Nextech3D.AI 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 spinout strategy allows Nextech3D.AI to issue stock dividends to its shareholders while maintaining significant ownership in the public spinout without dilution to the parent company Nextech3D.AI.

Notably, Nextech3D.AI successfully spun out ARway, 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 Corp. while distributing four million shares to Nextech shareholders.

Similarly, Nextech3D.AI accomplished its second spinout launching Toggle3D.ai, 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 Corp.

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