NexTech to Present at the Think Equity Conference May 2nd

NEW YORK: NexTech AR Solutions (the Company or NexTech) (OTC: NEXCF) (CSE: NTAR) (FSE:N29) announced today that CEO Evan Gappelberg will present an overview of the Company's business at the Think Equity Conference, held May 2, 2019 at the Mandarin Oriental Hotel in New York City.

The Think Equity Conference is an exclusive event dedicated to connecting small and micro-cap companies with high-level institutional and retail investors.

NexTech continues to execute on its growth-by-acquisition strategy with its January AR eCommerce acquisition, February Hootview acquisition, and its LOI for a third acquisition in 2019, announced March 19. The third acquisition is expected to close April 11, 2019, which would set the foundation for NexTech to take its consolidated businesses from $4.85 million USD to a projected $8.2 million USD in revenue and $707,000 in EBITDA for 2019, said Evan Gappelberg, CEO of NexTech. Since our October 31st, 2018 listing date we have been hyper-focused on getting to cash flow positive in 2019. Our strategy is to acquire cash flow generating eCommerce businesses and launch, then scale our AR platform around our three verticals.

Gartner reports 100 million consumers will shop in augmented reality online and in-store by 2020. The company is rapidly signing up customers and building out its AR and AI eCommerce offerings, which include using AI to create a guided and knowledgeable curator that can be programed to be used across all commerce.

NexTech's 'full funnel' end-to-end eCommerce solution for the AR industry includes offering 3D product capture, 3D ads for Facebook and Google, 'Try it On' technology for online apparel, 3D and 360-degree product views, and 'one click buy.' The platform is affordable, scalable, customizable, and most importantly, easy to integrate within an existing web interface, making NexTech one of the leaders in the rapidly growing AR industry, estimated to hit $120 billion by 2022, according to Statista.
(PRN | 1 year ago)

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NexTech to Present at the Think Equity Conference May 2nd