Nextech AR Solutions Engages Stockhouse, Canada’s Largest Financial Portal

Rhea-AI Summary

Nextech AR Solutions Corp (OTCQB: NEXCF) has appointed Stockhouse.com, Canada’s largest financial portal, to enhance its market visibility. Stockhouse attracts over 1 million unique visitors monthly, making it a prominent platform for investors. In exchange for marketing services valued at $130,000, Nextech will issue 69,518 common shares at a price of $1.87 each, subject to a hold period until March 1, 2022. While Nextech primarily develops AR technologies, it generates most revenue through three e-commerce platforms focused on home appliances and supplements.

Positive

• Engagement with Stockhouse.com for increased market awareness.
• Stockhouse has over 1 million unique visitors monthly, boosting exposure.
• Issuance of shares valued at $130,000 to enhance marketing efforts.

Negative

• None.

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a diversified leading provider of augmented reality (“AR”) experience technologies has announced that it has engaged the services of Stockhouse.com to provide increased market awareness to the Company. With 1 million+ unique visitors per month, Stockhouse is Canada’s largest financial portal and one of North America’s largest small cap investor communities. Stockhouse.com is the global hub for investors to find relevant financial news, access expert analysis and opinion and share knowledge and information with each other.

In conjunction with this engagement, Nextech has issued an aggregate of 69,518 common shares to Stockhouse at a deemed price of $1.87 per share (the “Shares”), in consideration for the provision of services by Stockhouse valued at $130,000. The Shares will be subject to a statutory hold period expiring on March 1, 2022.

To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.Nextechar.com.

About Nextech AR
Nextech develops and operates augmented reality (“AR”) platforms that transports three-dimensional (“3D”) product visualizations, human holograms and 360° portals to its audiences altering e-commerce, digital advertising, hybrid virtual events (events held in a digital format blended with in-person attendance) and learning and training experiences.

Nextech focuses on developing AR solutions however most of the Company’s revenues are derived from three e-Commerce platforms: vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon.

Forward-looking Statements
The CSE and the NEO have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211029005110/en/

Bradley Gittings

investor.relations@nextechar.com

Source: Nextech AR Solutions Corp.

FAQ

What is the latest announcement from Nextech AR Solutions Corp (NEXCF)?

Nextech AR Solutions Corp has engaged Stockhouse.com to enhance its market visibility.

How many shares did Nextech issue to Stockhouse, and what is their value?

Nextech issued 69,518 common shares at a deemed price of $1.87 each, valued at $130,000.

When will the shares issued to Stockhouse become free trading?

The shares will be subject to a hold period expiring on March 1, 2022.

What platforms generate revenue for Nextech AR Solutions Corp (NEXCF)?

Nextech generates revenue primarily through three e-commerce platforms: vacuumcleanermarket.com, infinitepetlife.com, and Trulyfesupplements.com.