Mr. Evan Gappelberg reports

NEXTECH3D.AI FILES TO UPLIST ON NASDAQ CAPITAL MARKET AND SIGNS LARGE ENTERPRISE RENEWAL AND EXPANSION CONTRACT WITH MAJOR RETAILER FOR OVER 1000+ 3D MODELS

Nextech3D.AI (formally Nextech AR Solutions Corp.) has filed to change its name to Nextech3D.ai to better reflect its continuing AI-powered (artificial intelligence) business and intends to list its common shares on the Nasdaq Capital Market. The company plans to keep its Canadian Securities Exchange listing and be dual listed in the United States and Canada as well as in Frankfurt. To this effect, the company recently confidentially submitted a draft registration statement on Form F-1 to the U.S. Securities and Exchange Commission for purposes of a potential future offering of its securities in the United States.

The company is also pleased to announce a large enterprise customer that is part of Wesfarmers, one of Australia's largest listed companies whose businesses include Bunnings, Kmart Group, Officeworks and others, has renewed and expanded its contract for over 1,000 3-D models. This renewal follows the renewal and expansion contract with a major e-commerce brand for 3,000 3-D models as well as the enterprise renewal contract with an S&P 400 company for over 5,000 3-D models. The company believes that these enterprise renewal contracts, in addition to its multiyear supply agreement with Amazon, strengthen Nextech3D.ai's position in the 3-D models for the e-commerce industry.

About Nextech AR Solutions Corp. (Nextech3D.ai)

Nextech3D.ai is a diversified augmented reality, AI technology company that leverages proprietary artificial intelligence to create 3-D experiences for the metaverse. Its main businesses are creating 3-D WebAR photorealistic models for the prime e-commerce marketplace as well as many other on-line retailers. The company develops or acquires what it believes are disruptive technologies and, once commercialized, spins them out as stand-alone public companies issuing a stock dividend to shareholders while retaining a significant ownership stake in the public spinout.

On Oct. 26, 2022, Nextech3D.ai spun out its spatial computing platform, ARway.ai, as a stand-alone public company. ARway.ai is disrupting the augmented reality wayfinding market with a no-code, no-beacon spatial computing platform enabled by visual marker tracking. Nextech3D.ai retained 13 million shares in ARway and distributed four million shares to Nextech3D.ai shareholders. ARway.ai is currently listed on the CSE (under the symbol ARWY), in the United States on the OTCQB (under the symbol ARWYF) and internationally on the Frankfurt Stock Exchange (under the symbol E65).

On June 14, 2023, the company completed its second spinout of Toggle3D.ai, a groundbreaking SaaS (software as a service) solution that utilizes generative AI to convert CAD files, apply stunning 4K texturing and enable seamless publishing of superior 4K 3-D models. Nextech3D.ai retained 13 million shares in Toggle3D.ai and distributed four million shares to Nextech3D.ai shareholders. Toggle3D.ai is trading on the CSE (under the symbol TGGL) and in the United States (under the symbol TGGLF).

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