NEXTECH3D AI CORP - NEXCF STOCK NEWS

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Nextech AR Solutions Corp is expanding its 3D AR model creation into Asia, the world's largest B2C ecommerce market. Partnering with 13 ecommerce aggregators, it targets approximately 400,000 sites. With the Southeast Asia market projected to reach 380 million online shoppers by 2026, Nextech aims to leverage its Threedy.ai technology to enhance model creation at scale. CEO Evan Gappelberg anticipates significant revenue opportunities from these partnerships, further positioning Nextech in the rapidly growing AR sector for ecommerce.

Nextech AR Solutions Corp (OTCQB: NEXCF) has changed its auditor from DMCL LLP to Marcum LLP, effective September 29, 2021. This transition aims to align better with its goals of listing on a U.S. exchange. There were no modifications in the Former Auditor's reports over the past two years, and no reportable events occurred between the Company and the Former Auditor. Additionally, Nextech's CEO and President took restricted shares in lieu of cash for services rendered, amounting to CAD 81,511 for 42,676 common shares at a deemed price of $1.91 CAD per share.

Nextech AR Solutions (OTCQB:NEXCF) has launched its innovative 'mini-metaverse' in London, establishing a key partnership with the City of London, which becomes its first paying customer. CEO Evan Gappelberg highlighted the significance of this launch, signaling a transformative moment in augmented reality technology. The company aims to broaden its reach within the metaverse sector, leveraging its platform to enhance user experiences. This development marks a notable step forward for Nextech AR in the rapidly growing digital landscape.

Nextech AR Solutions Corp (OTCQB: NEXCF) has launched a 'mini-metaverse' at Harmony at London Wall Place, utilizing its ARway spatial mapping technology. This development follows its acquisition of ARway, enhancing its capabilities in creating location-based 3D maps for augmented reality experiences. The project, co-commissioned by Culture Mile and Brookfield Properties, showcases AR artworks linked to the Guildhall School of Music & Drama and the London Symphony Orchestra. CEO Evan Gappelberg emphasized the potential for revenue generation and the advancement of their metaverse strategy.

Nextech AR Solutions Corp (OTCQB: NEXCF) has launched a mini-metaverse named “Harmony at London Wall Place” in the City of London, utilizing its ARway spatial mapping technology. This initiative follows the recent acquisition of ARway, enhancing Nextech's capabilities in creating accurate 3D mapping for augmented reality applications. CEO Evan Gappelberg emphasized the revenue-generating potential of this technology in various sectors, including e-commerce and education. A study predicts that by 2025, 75% of the global population will be frequent AR users, indicating significant growth opportunity.

Nextech AR Solutions Corp (OTCQB: NEXCF) has launched its new product, 3D Rooms, which enhances its Augmented Reality suite for ecommerce. This technology allows customers to visualize home furnishings in their own space using a simple 2D photo. The company aims to capture market share in AR by providing scalable 3D modeling capabilities through AI and machine learning. A notable contract has been secured with Lighting Plus in New Zealand to convert over 300 SKUs into AR models. This move marks a strategic addition to Nextech's revenue streams and reinforces its commitment to AR in retail.

Nextech AR Solutions Corp (OTCQB: NEXCF) announced the appointment of Marcum LLP as its new independent auditor, effective September 29, 2021, following the resignation of DMCL LLP at the company's request. Marcum, a leading firm with over 65 years of experience, is expected to align Nextech more closely with Nasdaq-listed technology companies. The company reported no opinion modifications from DMCL on its financial statements in the past two years. Nextech will complete the change of auditors as per regulatory requirements and will update investors accordingly.

Nextech AR Solutions Corp (NEXCF) announces significant growth in the augmented reality sector, reporting a 130% revenue increase to $13.8 million in the first half of 2021. The company is set to launch an eCommerce SaaS platform shortly and has outlined plans for additional platforms in the education and metaverse sectors. Key acquisitions in 2021, including Threedy.ai and ARway, are expected to enhance product offerings. The company is also focused on transitioning to a SaaS model, aiming to drive recurring revenue, with a cash position of $15.4 million as of June 30, 2021.