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Nextech CEO Evan Gappelberg Buys 250,000 Shares of Company Stock
VANCOUVER, British Columbia, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Nextech AR Solutions (Nextech) (OTCQB: NEXCF) (NEO: NTAR.NE) (CSE: NTAR) (FSE: N29), a leading provider of augmented reality (AR) and virtual event and video experience technologies (VXT) for 3D advertising, eCommerce, education, and conferences today announced that CEO Evan Gappelberg purchased a total of 250,000 shares including open market purchases and the exercising of warrants. Nextech CEO, Evan Gappelberg, purchased the shares by exercising 225,000 warrants and buying 25,000 shares in the open market at $5.08/share CDN ($4/share USD). This purchase brings his total trailing 12-month cash investment in the company to $1,258,421. Nextech CEO Evan Gappelberg comments, “When I look at our diversified business, I see a huge opportunity in the multiple markets that we operate in. The TAM or total available market just for the virtual events industry is $90 billion on its way to $400 billion, according to Grandview. We are just scratching the surface of this industry leaving many years of forward growth still on the table." He continues, “When I think of our AR business, eCommerce business or our 3D ad network, I again see many years of forward growth ahead of us which is why I am investing so heavily in NEXCF. I strongly feel that we are undervalued compared to the huge multi-billion-dollar market opportunity and compared to other technology companies which is why I will continue to buy shares in my company.” Nextech’s platforms have serviced many Fortune 500 businesses such as Amazon Viacom, Johnson and Johnson, Bell Canada, UNESCO, Dell Technologies, Luxottica, Vulcan Inc, Boehringer Ingelheim, TEDx, Grundfos, Arch Insurance. Security is a core feature of the company which reported a breakthrough in security with the help of Fastly, an edge computing company. Bringing token authentication to the edge greatly enhances security and performance, which is essential for winning more contracts from Fortune 500 companies. Recent Company Highlights:
About Nextech AR The company is pursuing four verticals: Virtual Experience Platform (VXP): An advanced Augmented Reality and Video Learning Experience Platform for Events, is a SaaS video platform that integrates Interactive Video, Artificial Intelligence and Augmented Reality in one secure platform to allow enterprises the ability to create the world’s most engaging virtual event management and learning experiences. Automated closed captions and translations to over 64 languages. According to Grandview Research the global virtual events market in 2020 is $90B and expected to reach more than $400B by 2027, growing at a 23% CAGR. With Nextech’s VXP platform having augmented reality, AI, end-to-end encryption, and built-in language translation for 64 languages, the company is well positioned to rapidly take market share as the growth accelerates globally. ARitize™ For eCommerce: The company launched its SaaS platform for webAR in eCommerce early in 2019. Nextech has a ?‘full funnel’ end-to-end eCommerce solution for the AR industry including its ARitize360 app for 3D product capture, 3D/AR ads, its Aritize white label app, its ‘Try it On’ technology for online apparel, 3D and 360-degree product views, and ‘one click buy’. ARitize™ 3D/AR Advertising Platform: Launched in Q1 2020 the ad platform will be the industry's first end-to-end solution whereby the company will leverage its 3D asset creation into 3D/AR ads. In 2019, according to IDC, global advertising spend will be about $725 billion. ARitize™ Hollywood Studios: The studio is in development producing immersive content using 360 video, and augmented reality as the primary display platform. To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.nextechar.com. On behalf of the Board of Nextech AR Solutions Corp. For further information, please contact: Evan Gappelberg The NEO has not reviewed and does 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”, “looking forward” or variations of such words and phrases or statements that certain actions, events, or results “will” occur. Forward-looking statements regarding the Company increasing investors awareness are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance, or achievements of Nextech to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs. There can be no assurance that such statements will prove to be accurate, as actual results and 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. |