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Nextech AR Solutions Corp
Symbol NTAR
Shares Issued 63,427,300
Close 2020-07-08 C$ 6.20
Recent Sedar Documents

Nextech CEO to present at Next Super Stock

2020-07-08 08:55 ET - News Release

Mr. Evan Gappelberg reports

NEXTECH IS PRESENTING AT WALL STREET REPORTER'S NEXT SUPER STOCK LIVESTREAM CONFERENCE ON JULY 9TH, 2020

Nextech AR Solutions Corp.'s chief executive officer, Evan Gappelberg, will be presenting at Wall Street Reporter's Next Super Stock livestream conference on July 9, 2020.

Mr. Gappelberg will update investors on Nextech's latest technological advances, the recent surge in business from its video conferencing and virtual events platform InfernoAR, plus the company's record revenue growth, all as the company pursues four multibillion-dollar verticals in AR (augmented reality).

Nextech's live presentation will take place at 12:30 p.m. Eastern Time, on Thursday, July 9, 2020.

The 20-minute presentation will be followed by a question-and-answer session.

For those unable to join the live event, a video of the presentation will be posted later.

Recent company highlights in 2020

  • July 2, 2020: hired Arnaud Amet as director of sales for Europe. Mr. Amet, situated in Paris, France, comes from regional and global sales and marketing roles in Microsoft (MSFT) where he worked for over a decade ending in 2015. He also has significant experience with his own start-up in sales and marketing of augmented reality/virtual reality to large brands partnering with Facebook (FB), Huawei and Microsoft.
  • June 29, 2020: signed a contract to supply its InfernoAR video conferencing and virtual events platform to the Dallas Independent School District (Dallas ISD).
  • June 19, 2020: Nextech closed a private placement of 1,528,036 units priced at the market price of $2.10 per unit for gross proceeds of $3,208,875. This financing provides the company with a healthy cash and inventory position of over $7.5-million -- its highest ever.
  • June 18, 2020: company announces that it has signed a partner supplier agreement with BDA LLC. BDA Sports will be using the InfernoAR virtual event platform for its signature annual Think Tank 2020 program for teams in the National Hockey League, National Basketball Association, Major League Baseball and National Football League.
  • June 10, 2020: company signed a partner agreement and contract to provide its InfernoAR virtual events platform services to Skybridge World Dubai clients. Skybridge is a leading events, exhibition and marketing solutions provider to global corporations whose clients include Emirates Glass, IBM, Lilly, Henkel, Amgen and many others. Nextech and Skybridge have already solidified their partnership and signed up their first customer, Bohringer Ingelheim.
  • June 4, 2020: The company launched its new ARitize360 app now live and available for a free download on both iOS and Android. The app's 3-D scan technology will add to the revenue-generating power of its AR e-commerce solution and its recently launched 3-D/AR advertising platform.
  • June 3, 2020: The company achieved record revenue and gross profit for the month of May, 2020. Both revenue and gross profit showed dramatic increases in May. Notably, compared with May, 2019, the company's revenue increased 169 per cent to $1.3-million while gross profit grew 290 per cent to $800,000 representing the highest revenue and gross profit ever achieved in a single month.
  • June 1, 2020: Chief executive officer Evan Gappelberg purchased 100,000 shares. It was reported that on May 5, 2020, he purchased 929,885 common shares of Nextech common stock, this is his fourth buy for the year 2020.
  • May 25, 2020: signed a contract to supply its augmented reality solutions to a $30-billion market capital, publicly traded global technology company.
  • May 22, 2020: The company announced very positive results for its recently launched 3-D/AR ad network which went live on Feb. 4, 2020. Using the company's 3-D/AR ads resulted in a 300-per-cent increase in sales conversions, a 32-per-cent increase in click-through rate (CTR) and a 23-per-cent-lower cost per click than traditional 2-D ads.
  • May 21, 2020: InfernoAR virtual events platform chosen to supply a $13-billion capital, publicly traded global insurance company, for its global leadership two-day summit starting June 6.
  • May 19, 2020: InfernoAR integration with Cvent Solutions optimizing the entire InfernoAR event management value chain. Integration with Cvent will broaden the utility and increase the appeal of the platform by helping end-users seamlessly register and become more productive while using the platform.
  • May 14, 2020: Q1 revenue grows 177 per cent to $2.5-million, gross profit grows 267 per cent to $1.3-million, working capital of $3.5-million.
  • May 12, 2020: InfernoAR platform integration with all major video platforms including its previously announced integration with Zoom, Microsoft Teams, Skype, and new integrations with Cisco Webex, BlueJeans, Google Hangouts, Google Meet, and GoToMeetings. These critical integrations continue to extend the capabilities of the platform, broaden the utility of the platform and help end-users become even more productive while using the platform.

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.

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