Mr. Evan Gappelberg reports

NEXTECH INCREASES ITS TREASURY BITCOIN HOLDINGS TO $4MILLION

Nextech AR Solutions Corp. has increased its bitcoin ownership to approximately 130.187 bitcoins at an aggregate cost of $4-million (U.S.) and may add more in 2021.

Nextech chief executive officer Evan Gappelberg commented: "Our continued investment in bitcoin in the past week is part of our new capital diversification and allocation strategy announced on Dec. 29, with the intent to maximize long-term value for our shareholders. Our initial purchase of $2-million was completed last week and with this follow-on $2-million buy, our treasury purchase of bitcoin now sits at $4-million. This doubling down reflects our strong belief that bitcoin is an excellent long-term store of value and an attractive investment asset with more long-term appreciation potential than holding cash, which is currently yielding 0.06 per cent. Bitcoin is seen as the digital version of gold, which has a total market capitalization of $10-trillion versus bitcoin's total market capitalization of just $600-billion." He continued: "In 2020 our businesses, which are all part of the digital transformation, benefited as COVID-19 accelerated the adoption of new technologies such as augmented reality, AI, virtual events, cloud computing, blockchain and e-commerce. As we enter 2021, I believe that the digital transformation has now created a paradigm shift in capital diversification to digital gold or bitcoin. As more institutional capital allocators adapt to this new paradigm, they will be prodded to diversify their portfolio into bitcoin, which will likely push the value of bitcoin closer to the value of gold, meaning that over 90 per cent of the upside for bitcoin is still ahead of us."

Nextech comments on the NEO uplisting Jan. 5, 2021

Mr. Gappelberg commented: "We are excited to be approved and ready to be listed on the NEO, a senior exchange in Canada, which provides many tangible benefits for our shareholders including our stock being eligible for margin trading, added liquidity and exposure to new institutional investors, which will allow our growth to continue. The listing date is set for the open on Tuesday, Jan. 5, 2021."

He continued, "Our goal as a dual-listed company is to be listed on a senior exchange in the U.S. market as well as Canada, which is why we filed on July 2, 2020, to uplist in the U.S. to the Nasdaq Capital Markets Group, which we are expecting will happen in the near future."

Recent company highlights in 2020

Dec. 29, 2020

Nextech announced that it plans to make an initial investment of $2-million in bitcoin and may add more in 2021.

Dec. 21, 2020

Mr. Gappelberg buys 250,000 shares, his fifth purchase in 2020, and continues to increase his position.

The company hires executives from major technology companies including Oracle, IBM, SAP and Cisco to support its ambitious Asia Pacific and Japan product rollout.

Dec. 15, 2020

Nextech announced that it has received conditional approval to list its common shares with the NEO Exchange. Final approval is subject to the company fulfilling all of NEO's listing requirements. Subject to final approval by NEO, Nextech's common shares are expected to be listed on NEO on Jan. 5, 2021.

Dec. 11, 2020

The company expanded into China and hired Steven Seet as its senior director, Asia Pacific. In his new role, Mr. Seet will utilize his vast network and industry experience to support Nextech with its rapid expansion into Asia's MICE industry, which according to Allied Market research is valued at $229-billion.

Dec. 9, 2020

The company announced the launch of a new collaborative streaming solution with AI (artificial intelligence) and AR (augmented reality) enhancements, that integrates with its existing virtual experience platform (VXP) and its ARitize SaaS (software as a service) offerings. Nextech will also offer the streaming platform ARoom as a stand-alone service externally similar to Zoom, increasing the company's revenue potential for 2021.

Dec. 8, 2020

The company announced that the Canadian Society of Nephrology (CSN) has chosen Nextech AR's virtual experience platform (VXP) to host its 2021 annual general meeting, taking place May 10 to May 13.

Dec. 3, 2020

The company announced that it has achieved a record-breaking 315-per-cent increase in black Friday sales year over year across its AR e-commerce platform. With 2020 being a year dominated by coronavirus, shoppers have shown that they will embrace the convenience and safety of on-line shopping more than ever.

Dec. 2, 2020

The company announced the creation of its new artificial intelligence (AI) division. Through a dedicated initial team of three AI experts focused on enhancing Nextech's AI capabilities, the company aims to gain a competitive edge and create new portfolio offerings to complement its AR; streamlining operations for clients while tapping into a market that are expected to surpass $300-billion in revenues by 2024.

Dec. 1, 2020

The company entered into seven additional strategic channel partnerships bringing the total for the Asia Pacific region to eight. These partner agreements support both the $35-billion e-learning market and $229-billion MICE industries, two target sectors that Nextech is focusing on in the Asia Pacific market expansion.

Nov. 23, 2020

The company acquired hybrid event management platform Map Dynamics. The company's self-serve hybrid virtual events platform supports live video, chat, networking and analytics, reporting for associations, conferences, trade shows, webinars, summits, forums, workshops and events. It helps organizers create, host and manage live events for over 100,000 attendees both on-line and in its branded native event app.

About Nextech AR Solutions Corp.

Nextech is one of the leaders in the rapidly growing augmented reality market estimated to grow from $10.7-billion (U.S.) in 2019 and projected to reach $72.7-billion (U.S.) by 2024 according to Markets & Markets Research; it is expected to grow at a CAGR (compound annual growth rate) of 46.6 per cent from 2019 to 2024.

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