12:34:29 EDT Thu 06 Aug 2020
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or Name

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Nextech AR Solutions Corp
Symbol NTAR
Shares Issued 63,427,300
Close 2020-06-19 C$ 2.34
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Nextech to provide InfernoAR to Real Asset for 1 year

2020-06-22 09:40 ET - News Release

Mr. Evan Gappelberg reports


Nextech AR Solutions Corp. has signed a one-year contract to provide its InfernoAR virtual events video conferencing platform services to Real Asset Media. The initial contract value is for $135,000 with the potential for substantial additional revenue as augmented reality use cases emerge.

Real Asset Media is a leading pan-European event provider, creating forums in the major centers of Europe to link local market investment expertise with pools of capital in the UK, Germany, France, Holland, Scandinavia and beyond into the US, North America, M/E and Asia. Real Asset Media will launch REALX.global, the virtual conference and exhibition for the commercial real estate markets in September 2020.

Richard Betts and Thorsten Herbert, co-founders of Real Asset Media, see this as a game-changer for their industry. Richard Betts comments, "The InfernoAR platform enables us to connect a truly global community and take virtual real estate events to the next level with an unrivalled immersive experience." He continues, "NextechAR enables our exhibitors, speakers and attendees at REALX.global to go beyond what is possible in a physical fair and instantly network and connect with new business partners and opportunities across the world."

Evan Gappelberg, CEO of NexTech comments, "We are delighted to work with Real Asset Media to help them create a one-of-a-kind immersive experience by using InfernoAR, the world's most advanced Augmented Reality and Video Learning Experience Platform for Events." He continues, "We see surging demand for our services across a wide spectrum of use cases including governments, universities, sports teams, corporations, religious institutions, and more as a paradigm shift to 'video being the new voice' and a virtual world takes hold, creating a new and urgent demand for our services globally."

Thorsten Herbert adds, "At REALX, we are creating a place where industry leaders can meet in a safe and secure environment, share knowledge and excellence and create business." He continues, "REALX will be much more than a virtual event. It is a completely new form of social network, constantly creating business opportunities and connections for the real estate community. We are excited to use InfernoAR as a technology platform and work closely with the team to make our vision a reality."

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{&#A A ; ™}.

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