Welcome to our dedicated page for Arway news (Ticker: ARWYF), a resource for investors and traders seeking the latest updates and insights on Arway stock.
ARway Corp develops an AI-powered spatial computing platform for augmented reality indoor navigation, event management, venue navigation, and attendee engagement. Its technology uses mobile AR, computer vision, and AI to create interactive digital layers for physical environments, including retail, education, industrial facilities, exhibitions, and events.
ARway news commonly covers operating and financial results, customer wins for its Map Dynamics business, integration of acquired event-software capabilities, and capital-structure actions such as common-share and warrant issuances. Company updates also include shareholder voting matters, governance disclosures, and securities-law notices tied to its Canadian and OTC-traded common shares.
Arway (CSE:ARWY)(OTCQB:ARWYF) has announced the completion of a share issuance to CEO Evan Gappelberg. The company issued 3,786,363 common shares at a deemed price of CAD$0.055 per share to settle outstanding debt obligations. The issued shares are subject to a four-month holding period, expiring on June 21, 2025.
The share issuance is part of Arway's strategy to align leadership interests with shareholders and promote long-term value creation. The company, which specializes in spatial computing and augmented reality navigation, aims to incentivize and retain key executive talent through this initiative.
ARway.ai (CSE:ARWY)(OTCQB:ARWYF) has announced three major developments: migration to Amazon Web Services (AWS) from Liquid Web, a new sales partnership with Closers.io, and upcoming AI innovations for 2025. The AWS migration aims to enhance platform scalability, security, and performance while reducing latency. The company's partnership with Closers.io is part of an aggressive sales strategy to capitalize on their 85% profit margin business model, with sales projected to grow 50-100% in 2025.
The company is also developing new AI technology for the events industry, focusing on indoor navigation and matchmaking solutions. This system will utilize user behavior and movement pattern analysis to improve event experiences and venue navigation.
Glo Fiber, powered by Shenandoah Telecommunications Company (SHEN), has announced plans to expand its fiber-to-the-home (FTTH) broadband services to Berryville, Virginia. The expansion will serve approximately 1,800 homes and businesses, with construction scheduled to begin in summer 2025.
The company will provide symmetrical upload and download speeds of up to 5 gigabits per second (Gbps) through its 16,000-mile regional fiber network. The service offers high-speed internet, phone service, video service, and Whole Home Wi-Fi solutions. Key features include exceptional reliability, no long-term contracts, and local customer service.
This expansion represents Glo Fiber's continued growth across Virginia, West Virginia, Maryland, Pennsylvania, Ohio, and Delaware, focusing on bringing high-speed fiber service to rural communities.
Eva Live Inc. (OTCQB:GOAI) has announced a 4-to-1 reverse stock split effective February 11, 2025, as part of its strategy to uplist to a national securities exchange. The move aims to increase the company's share price to meet national exchange listing requirements and attract institutional investors.
Under the reverse split, every four shares of outstanding common stock will be converted into one share. Shareholders entitled to fractional shares will receive one full share instead, and no action is required from shareholders as changes will be automatically reflected in their accounts.
CEO David Boulette stated that this decision is a pivotal step in the company's long-term growth strategy, intended to strengthen market presence and improve liquidity for shareholders.
ARway (ARWYF) has announced a change in its fiscal year-end from August 31 to March 31. This modification aims to better align the company's financial statements and continuous disclosure requirements with its affiliates, streamlining reporting obligations. The company plans to file its annual disclosures in late July 2025, covering the seven-month period ending March 31, 2025. These disclosures will include audited financial statements in accordance with National Instrument 51-102.
Additional details regarding the fiscal year-end change and interim reporting procedures will be available in the Company's Notice of Change of Financial Year-End, which will be filed on SEDAR.
ARway.ai (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65), a leading innovator in augmented reality navigation and AI-powered event solutions, has issued 3,786,363 common shares to CEO Evan Gappelberg at a deemed price of $0.055 per share, totaling $208,250 in satisfaction of outstanding indebtedness. This issuance represents the CEO's decision to receive shares instead of cash salary compensation for the past few years.
The shares will be subject to a four-month and one-day statutory hold period following issuance and require Canadian Securities Exchange approval. The securities have not been registered under the United States Securities Act of 1933 and cannot be offered or sold in the United States without registration or exemption.
ARway.ai has announced the launch of new AI-driven tools and strategic growth initiatives for the events industry. The company, which generated approximately $1.1 million in revenue with a 95% gross profit margin in 2024, is expanding its salesforce from two to a targeted ten dedicated sales personnel to meet growing demand.
The company is introducing AI agents designed to enhance attendee engagement through personalized recommendations and real-time assistance, along with AI-powered event navigation tools for large venues. ARway has also formed strategic partnerships with the International Association of Exhibits & Exhibitors (IAEE) and the Tennessee Society of Association Executives (TNSAE) to promote widespread adoption of its solutions.
ARway.ai, an AI-powered Augmented Reality Experience platform (CSE:ARWY, OTCQB:ARWYF, FSE:E65), has announced the issuance of stock options to key personnel. The company has granted 50,000 two-year stock options at $0.055 per share to new board member Peter Bloch, 500,000 two-year stock options at $0.055 per share to CFO Anum Wagas, and 50,000 two-year stock options at $0.055 per share to board member Anthony Pizzonia.
Peter Bloch brings significant experience as a CPA, CA, with a history of building technology companies, particularly in life sciences. His previous roles include CEO positions at BresoTEC and Bionik Laboratories, and CFO positions at several major companies including Sanofi Canada, Intellivax, and Just Energy.
Nextech3D.ai (OTCQB:NEXCF) reports key achievements for 2024, including the production of 25,000 3D models and millions of AR experiences. Financial highlights include YTD revenue of $2.9 million and gross profit of $1.88 million as of September 30, 2024. The company showed strong quarterly performance with gross profit margins reaching 74% in Q2.
The company focused on advancing automation and AI integration, including the development of FOTOgpt, while streamlining operations to achieve cash flow positivity in 2025. A major platform migration to AWS is scheduled for completion in Q1 2025. While Amazon corporate 3D modeling revenue declined, the SME business showed strong growth, positioning the company for profitability in 2025.
ARway.ai (CSE:ARWY, OTCQB:ARWYF) announced changes to its Board of Directors. Board member Belinda Tyldesley has departed for personal reasons, and Peter Bloch has been appointed as her replacement. Bloch brings extensive executive management experience, including roles as CEO of BresoTEC Inc. and Bionik Laboratories. His background includes significant achievements in securing funding, managing IPOs, and leading acquisitions. Notable positions include CFO roles at Sanofi Canada, Intellivax Inc. (sold for $1.75B to GlaxoSmithKline), Gennum , and Just Energy. He currently serves as an advisor to Mars Discovery District.