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Nextech3D.AI Corp
Symbol NTAR
Shares Issued 118,340,491
Close 2023-12-06 C$ 0.135
Market Cap C$ 15,975,966
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Nextech3D.AI launches Mad D AI ad network

2023-12-07 12:28 ET - News Release

Mr. Evan Gappelberg reports

NEXTECH3D.AI LAUNCHES AI AD NETWORK FOR ITS EVENT TECH PLATFORM MAP DCEO TO DEMO AD NETWORK IN LIVESTREAM TODAY AT 2 P.M. ET

Nextech3D.AI Corp. has launched its boost program for artificial intelligence digital ads in its mobile app for trade show and event organizers. The Map D platform already supports approximately 500-plus events annually, with over 50,000 exhibitors and over one million attendees. With the new in-app AI ad network being marketed to existing customers, the company now has the potential to generate $10-million to $20-million in additional annual revenue with 80-per-cent margins up from the $1-million the platform currently generates. The company is already in the market and having early success, with multiple shows already signed up for the AI ad network. The company expects to see substantial growth and additional revenue starting in Q1 2024.

Evan Gappelberg, Nextech3D.AI chief executive officer, commented, "This AI ad network has the potential to disrupt the $50-billion events industry by offering a first-of-its-kind marketing platform built for exhibitors, driving more booth traffic and sales at the actual event itself." He continued, "We have been seeing great enthusiasm and early success, and we are building this with a Facebook (Meta), LinkedIn ad network business model which has tremendous upside potential, especially when you offer within the same app our augmented reality wayfinding from our partnership with ARway."

Major benefits

Increased traffic: drive more visitors to booths:

  • Over 45-per-cent increase booth traffic from attendees using the Map D app;
  • Three times more inquiries and demo requests from in-app engagement.

Enhanced visibility: making brands unmissable:

  • 70 per cent of Map D app users recall featured exhibitor brands;
  • 2.5 times higher brand recognition compared with non-featured exhibitors.

Targeted exposure: reaching ideal customers seamlessly:

  • 80-per-cent match rate between in-app users' interests and targeted exhibitor promotions;
  • Over 55-per-cent increase on engagement rate on tailored in-app placements and notifications.

Key features of the Map D boost program:

Self-serve portal (coming soon): A user-friendly portal is in development, empowering exhibitors to purchase boost banners independently. Expected completion by mid-January.

Cost-effective: Starting at $250 per banner/day at a show, participants gain entry to the program, securing a boost banner within the mobile app to boost visibility and increase booth traffic.

Future developments: Continuing efforts are dedicated to introducing additional features that will allow exhibitors to further invest in higher-tier ads from $250 to $2,500.

Nextech3D.AI envisions the Map D boost program as a game changer, fostering a dynamic environment where exhibitors can maximize their presence and show managers can effortlessly enhance the overall event experience. With an eye on the future, Nextech3D.AI is committed to evolving the program continuously, ensuring its relevance and effectiveness in the ever-changing landscape of event technology.

Live stream details

Join CEO Mr. Gappelberg today on Proactive Investors for a special live stream event. He will discuss the Map D platform and the launch of the new boost program.

Date: Today, Thursday, Dec. 7

Time: 11 a.m. PT/2 p.m. ET

About Map D

Map D is an event solutions platform and one of four key business units under the Nextech3d.AI umbrella. Map D includes the following components:

Interactive floor plan: The Map D interactive floor plan is a powerful tool for trade shows, festivals and conferences. With information-rich profiles, it is easy to build out a marketplace of participating vendors and connect them to attendees, sessions, speakers and more. The floor plan is easy to navigate, search and bookmark, making it an essential tool for any event with a vendor marketplace

Booth sales: Conference organizers can sell booth space to exhibitors with customizable gateway and checkout scenarios. The product allows clients to view the real-time availability of booths and their sales status. It allows exhibitors to reserve a booth or pay for it using a credit card directly from the floor plan.

Mobile app: The app combines the current Map D event management solutions technology with ARway, the AI-powered augmented reality navigation platform with a disruptive no-coode, no-beacon spatial computing solution, creating an industry-first augmented reality/artificial intelligence combined solution for event management providers and bringing augmented reality to live, in-person conferences and trade shows.

About Nextech3D.AI Corp.

Nextech3D.AI is a versatile augmented reality and AI 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.

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