Nextech3D AI - NEXCF STOCK NEWS

Nextech AR Solutions Corp (OTCQB: NEXCF) announced that CEO Evan Gappelberg will present the company's Metaverse solutions at the 'Metaverse Platforms & Avatars' virtual event on December 17, 2021. This event, hosted by the VR/AR Association, brings together top companies including Google and Microsoft. Nextech is positioned as a leading provider of augmented reality technologies, showcasing its ARitize Metaverse Studio, which allows users to create and manage AR environments. The company is uniquely positioned to capitalize on the burgeoning Metaverse economy.

Nextech AR Solutions Corp (OTCQB: NEXCF) announced a new integration with Stripe that is projected to add $760,000 in annual revenue through a 2% platform fee on booth sales for virtual and hybrid events. In 2021, Nextech facilitated approximately $38 million in booth sales, which previously went entirely to event hosts. This new revenue model will allow Nextech to participate financially in future sales. Although the company anticipates similar performance for 2022, it cannot guarantee revenue consistency.

NexTech AR Solutions (OTCQB:NEXCF) is set to present at "The Metaverse & Augmented Reality Labs: The Future of Learning" event on December 9, showcasing its new ARitize Events 3D platform. This marks the first live demonstration of the product. The event will feature discussions led by NexTech executives alongside education leaders from Ryerson University and Microsoft, focusing on the integration of augmented reality in education. Meanwhile, Baselode Energy (TSXV:FIND) has also released an interview discussing recent uranium assay results from drill hole AK21-01.

Nextech AR Solutions has launched its Augmented Reality Lab Builder for the Metaverse, now available in the Microsoft Marketplace. The company will showcase this innovative tool at the Metaverse & Augmented Reality Labs: The Future of Learning event on December 9, 2021, alongside Microsoft and Ryerson University. This platform enables students to create immersive AR labs easily, enhancing educational experiences and accessibility. NEXCF aims to revolutionize higher education with affordable, interactive lab experiences that can be accessed globally.

Nextech AR Solutions Corp. (OTCQB: NEXCF) has announced its acceptance of major cryptocurrencies including Bitcoin, Ethereum, Litecoin, and USD Coin as payment. This integration, via Coinbase Commerce, aims to enhance customer flexibility and positions Nextech as a key player in the evolving crypto economy and Metaverse landscape. CEO Evan Gappelberg emphasized the significance of cryptocurrency in modern finance and its importance for customer engagement. Accepting crypto offers benefits such as reduced chargeback risks and increased transaction speed, aligning with wider trends in the industry.

Nextech AR Solutions Corp (OTCQB: NEXCF) announced that CEO Evan Gappelberg has purchased 72,656 shares in the open market, increasing his ownership to 10,049,279 shares. The average purchase price was $1.10 USD per share. Additionally, senior management bought a total of 37,000 shares, including CFO Andrew Chan, who purchased 17,000 shares between $1.29 CAD and $1.54 CAD. Gappelberg expressed optimism about the Metaverse's growth and Nextech's innovative AR products. The company also settled an earn-out payment for the Map Dynamics acquisition with 193,789 shares at $1.57 CAD each.

NexTech AR Solutions Corp. has launched ARitize 3D, a self-service software-as-a-service (SaaS) platform designed for 3D-augmented reality model creation. CEO Evan Gappelberg explained in a recent interview that the platform offers a low monthly hosting fee and no model creation costs, aiming for scalability, affordability, and ease of use. This makes it a pioneering solution in the AR industry, allowing users to create models in just three steps without needing managed services.

Nextech AR Solutions has launched its ARitize 3D self-serve SaaS platform, enabling customers to create 3D/AR models from 2D images.

This innovative service aims to expand its reach by offering affordable monthly hosting fees and zero model creation costs, making AR accessible to various ecommerce businesses.

With integration planned for major platforms like Shopify and WooCommerce, Nextech anticipates a significant revenue boost from the expected rise in monthly recurring revenue (MRR).

Nextech AR Solutions Corp (OTCQB: NEXCF) has appointed Jeff Dawley to its Board of Directors as Chair of the Audit Committee. Dawley, a Chartered Professional Accountant with extensive experience in financial services and compliance, aims to support Nextech during its growth phase in the augmented reality sector. CEO Evan Gappelberg expressed confidence in Dawley's leadership, highlighting his tech experience as critical for the company's transition into the Metaverse. This strategic move may enhance Nextech's governance and operational oversight.