NexTech AR Solutions Corp.
349 Carlaw Ave Suite 304
Toronto, ON M4M 2T1
NexTech AR Expands Management Team as it Prepares for
Hypergrowth
New York, NY - Toronto, ON, Canada -- July 25, 2019 -- InvestorsHub
NewsWire -- NexTech
AR Solutions Corp.
(the "Company" or "NexTech") (OTC:
NEXCF)
(CSE: NTAR) (FSE:N29) is a
rapidly growing Augmented Reality ("AR") technology company
targeting three multi-billion-dollar verticals
in the AR industry which all drive revenue from its Omni-platform
called "ARitize". As part of its growth plans the
company welcomes
two seasoned eCommerce managers, Artem Tokariev as eCommerce
Managing Director and Artemio Moya as
Brand-Product Sales Channel Director,
respectively.
Both Artem and Artemio are currently busy building out sales
channels, expanding lines and branding while automating NexTech's
current AR eCommerce platform in preparation for scaling revenue in
Q4 2019, ahead of projected
hypergrowth in 2020.
Previously, Artem managed Huawei's Direct-to-Consumer eCommerce
business in the United States. Huawei is a multinational technology
company with over $100 billion in revenue and over 300,000 employes
globally. He was responsible for the overall performance of
the eCommerce business including growth, revenue and margin
targets; managing the online customer acquisition, retention and
loyalty programs; establishing integrated marketing plans to ensure
targets are achieved for average order size, conversion and traffic
goals; setting up yearly and quarterly operational plans and
business reviews, forecasts and budgets to support demand
generation and other marketing efforts. Artem has a Master's Degree
in Computer Science from the National Technical University of
Ukraine.
"I strongly believe that the evolution of technology is one of
staggering promise and opportunity. Augmented reality is fueling a
new era in eCommerce that provides a totally new way for
relationships between Brand and Consumer. I am glad to have joined
the NexTech Team, bringing all my work experience to this new stage
in the eCommerce evolution," comments Artem
Tokariev.
Artemio Moya has a 23 year career where he's held numerous
executive and management roles in Retail and eCommerce at major
retailers like Nordstrom, Saks Fifth Avenue and Neiman Marcus.
Artemio will work hand-in-hand with Artem overseeing all brand,
product and sales channel expansions for NexTech.
"AR technology is up and coming. It's an invaluable tool that can
and will help brands attract customers and followers. The
opportunity to be involved at the forefront of such technology is
very exciting!" comments Artemio Moya.
"We have built a talented, experienced and dedicated team of
process and systems driven executives at NexTech that have laid a
strong foundation which will support us through this next phase of
hypergrowth. With our broad array of AR technology including
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'
plus our new eCommerce team, we are uniquely positioned to
leverage our AR into new retail sectors,
propelling our AR eCommerce division to rapid growth in 2020 and
beyond." comments Evan Gappeleberg CEO of NexTech.
Aritize(™) For eCommerce:
The company launched its technologically advanced webAR for
eCommerce early in 2019 and has been rapidly signing up customers
onto its SaaS platform, with notable customer wins like Walther
Arms, Wright Brothers, Mr. Steak, Budweiser and many more. NexTech
has the first
'full funnel' end-to-end eCommerce solution for the AR industry
including its 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.'
With a web enabled AR solution, NexTech has eliminated the biggest
friction point of AR, which was that a consumer first had to
download an app to experience AR in eCommerce.
Gartner reports
100 million consumers will shop in augmented reality online and
in-store by 2020. NexTech is building out its AR and AI eCommerce
offerings, which include using AI to create a guided and
knowledgeable curator that can be programmed to be used for
eCommerce or for education in the medical device
market.
AR Hollywood Studios
Expected to launch in Q4 2019, the studio has created a proprietary
entertainment venue for which it is producing immersive content
using augmented reality as the primary display platform. Heading up
AR Studios is Paul Duffy, inventor of the human hologram and
President of NexTech AR Solutions. Advising the AR Studio team is
Barry Sandrew, Ph.D., a visual effects pioneer and serial
entrepreneur who invented digital colorization of black and white
movies, as well as a process for converting 2D feature films to 3D.
The NexTech engineering teams in Dallas and Austin are building out
the software that will drive both AR content creation and its
distribution.
Aritize(™) University
Having launched in June 2019, the app-based solution allows
companies and educational establishments to leverage all of their
existing 2D assets – YouTube videos, PDF documents, PowerPoint
decks, images, etc. – and then overlay immersive 3D-AR experiences
on top of that content for an interactive training experience that
drives productivity. It also utilizes complex algorithms to
recognize and relate content to each other, allowing it to create
micro-learning courses and recommend relevant training content to
each individual user.
About The Company:
NexTech was incorporated in January 2018 and has an exclusive
license to a portfolio of patents #7,054,831, #7,266,509 and
patent-pending applications #15351508, #62457136, #62559487,
related to interactive gaming, interactive advertising, and
augmented reality ("AR") technology. NexTech has a two-pronged
strategy for rapid growth including growth through acquisitions as
well as by bringing a next-generation web-enabled augmented reality
(AR) platform with Artificial Intelligence (AI) and analytics to
the Cannabis industry, eCommerce, education, training, healthcare
and video conferencing. Having integrated with Shopify, Magento and
Wordpress, its technology offers eCommerce sites a universal 3D
shopping solution. With just a few lines of embed code, the
company's patent-pending platform offers the most technologically
advanced 3D AR/AI technology anywhere. NexTech's ARitize™
eCommerce solution is a monthly SaaS subscription platform that
enables retailers to transform 2D images into true 3D AR
experiences. The company has created the AR industry's first
end-to-end affordable, intelligent, frictionless, scalable
platform.
To learn more, please follow us on
Twitter,
YouTube,
Instagram,LinkedIn,
and
Facebook,
or visit our website:
https://www.nextechar.com.
To see the Gartner Report, please visit:
https://www.gartner.com/en/newsroom/press-releases/2019-04-01-gartner-says-100-million-consumers-will-shop-in-augme
On behalf of the Board of NexTech AR Solutions Corp.
"Evan
Gappelberg"
CEO and Director
For further information, please contact:
Evan Gappelberg
Chief Executive Officer
info@nextechar.com
The CSE 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", "expected" or variations of such words and phrases or
statements that certain actions, events or results "will" occur.
Forward-looking statements regarding the use of proceeds, the AR
Hollywood Studio launch date and consumer forecast for AR online
shopping 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.