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Nextech AR Solutions Corp
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Shares Issued 63,427,300
Close 2020-09-24 C$ 5.45
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Nextech's InfernoAR chosen for virtual school fair

2020-09-24 12:30 ET - News Release

Mr. Evan Gappelberg reports

THE BLACK STUDENT FUND, LATINO STUDENT FUND AND NEXTECH AR PARTNER TO CREATE FREE INTERACTIVE K-12 INDEPENDENT SCHOOL FAIR FOR STUDENTS OF COLOR

The Black Student Fund (BSF) and the Latino Student Fund (LSF) have chosen Nextech AR Solutions Corp.'s InfernoAR platform for the 48th annual school fair on Oct. 11, 2020.

The BSF/LSF annual school fair is a forum for Washington Metropolitan Area families seeking information about independent school education. The annual event draws students, teachers and administrators from more than 70 local and national independent schools and educational programs in an effort to provide students of colour with more accessible insight and guidance on the independent education options available to them.

This year's school fair is the first to be held virtually and will be available through Nextech's InfernoAR platform, a comprehensive, all-in-one platform, to simplify accessibility and maintain the interactive spirit of the event. The one-day event will feature a number of workshops, chat rooms, recorded content, a digital resource library and participant incentives to guide students through the application process and financing solutions for independent education options.

"In the wake of the COVID-19 pandemic, our team at BSF and LSF was challenged with creating a virtual version of our 3,000-in-person event. With Nextech AR, we will be able to create an elevated event experience beyond what our in-person school fairs have offered in years past and enable multiple new ways for families to learn about educational opportunities available to their children," said Leroy Nesbitt, executive director, BSF. "This technology will facilitate not only school-to-family connections, but provide a way for us to feed our families with information about admissions and financial aid crucial to process to matriculation to independent schools."

Evan Gappelberg, chief executive officer of Nextech, commented: "We are thrilled to be working with such an esteemed non-profit as the Black Student Fund and look forward to creating an event that doesn't just show what options are out there for independent education, but gets students of colour excited about and better prepared for taking the next step with these options. COVID-19 has created a huge challenge for non-profits who have been forced to serve their communities virtually and who lose out on the personal interaction that in-person events tend to have -- an important aspect for students who are already faced with virtual-learning challenges. Our InfernoAR platform is perfectly suited to solve this challenge by offering not only video conferencing, but a full platform with easy-to-find resources and augmented reality for 3-D object interactions and visuals."

BSF was forged in a prescient move after the historic Brown v. Board decision and has become a leader in education equity in the nation's capital and its environs. BSF accepts applications from highly motivated scholars and provides a host of services that support scholar matriculation at, and the graduation from, 53-member independent schools. BSF recruits a significant number of scholars from the BSF/LSF annual school fair. LSF was founded in 1994 to address disparities in access to education for underrepresented students in Washington, D.C., and has since served more than 4,000 youth across its programs.

About Nextech AR Solutions Corp.

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

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