InvestorNewsBreaks – Nextech AR Solutions Corp. (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29) Featured in InvestmentPitch Media Video
Mar 9, 2022
Nextech AR Solutions (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a Metaverse company and leading provider of augmented reality (“AR”) experience technologies and services, was featured on a recent InvestmentPitch Media video. The video spotlights an interview with CEO Evan Gappelberg, who discusses Nextech AR solutions along with the company’s unaudited financial results for the year ended Dec. 31, 2021. Gappelberg explained that Nextech develops and operates platforms critical to creating and populating the Metaverse; the company’s offerings include spatial mapping technology and augmented reality solutions that feature 3D product visualizations, human holograms, 360-degree portals and augmented labs that alter e-commerce, digital advertising, learning in higher education, hybrid virtual events and training. The company’s financial numbers for the quarter showed $975,000 in recurring revenue with $475,000 annual recurring revenue along with more than $500,000 from annual repeat business from customers. According to the announcement, an additional $1.4 million came from renewable software licenses, which represented an increase of 316% over 2020.
To view the full interview, visit https://ibn.fm/REdhh
To view the full press release, visit https://ibn.fm/BzpxP
About Nextech AR Solutions Corp.
Nextech AR Solutions is a Metaverse company that develops and operates augmented reality (“AR”) platforms, transporting three-dimensional (“3D”) product visualizations, human holograms and 360-degree 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 for the Metaverse; 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 are sold on Amazon. For more information about the company, please visit www.NextechAR.com.
NOTE TO INVESTORS: The latest news and updates relating to NEXCF are available in the company’s newsroom at https://ibn.fm/NEXCF
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