Mr. Evan Gappelberg reports

NEXTECH3D.AI ANNOUNCES MAJOR MARKET EXPANSION OF ITS 3D MODELING BUSINESS INTO GAMING & MANUFACTURING INDUSTRIES

Nextech AR Solutions Corp. has significantly expanded its 3-D modelling business to include the gaming and manufacturing industries. Leveraging its groundbreaking generative artificial intelligence technology, Nextech now possesses the capability to rapidly and efficiently scale 3-D model production at a competitive price point, meeting the demands of gaming giants and manufacturers.

Gaming

Nextech, a pioneering leader in the field of 3-D modelling and e-commerce, announces its breakthrough capability to provide the gaming industry with top-tier 3-D models for immersive in-game scenes. By leveraging its extensive e-commerce expertise, Nextech aims to address the existing challenges faced by game manufacturers, which typically rely on costly and time-consuming manual labour to develop their own 3-D models for these crucial scenes.

The gaming industry has long sought a more efficient and scalable solution to fulfill its 3-D modelling requirements, and Nextech is now able to fill this void. With its advanced technology and streamlined processes, Nextech can now deliver high-quality 3-D models with unprecedented speed and cost-effectiveness, setting a new industry standard.

By partnering with renowned gaming giants such as Electronic Arts, Take-Two Interactive, Nintendo, Activision, Meta and several other notable companies, Nextech is poised to drive innovation and elevate the gaming experience to unparalleled heights. These potential collaborations exemplify the widespread recognition and trust that Nextech has garnered within the gaming industry.

Manufacturing

The manufacturing industry is valued at over $44-trillion and continues to grow globally. The demand for 3-D models of products has also increased year-over-year, as evidenced in the $160-billion global CAD 3-D market. Using its CAD converter, Nextech is able to conduct large-scale 3-D model production for manufacturing and can convert CAD files.

Nextech's chief executive officer Evan Gappelberg commented: "Nextech3D.AI is excited to embark on this major expansion into the gaming and manufacturing industries. Our generative AI technology empowers us to efficiently produce high-quality 3-D models at scale, which perfectly aligns with the needs of gaming giants and manufacturers. We are poised to capitalize on the immense market potential and provide innovative solutions to these industries. We believe that we are taking the leadership position in the 3-D market and going to gain major market share in both gaming and manufacturing since they both use CAD and are in dire need of 3-D models as the entire world pivots from 2-D to 3-D."

With a proven record of serving top e-commerce retailers, Nextech is well positioned to deliver exceptional value and service to the gaming and manufacturing sectors. The company's commitment to technological advancement and scalability enables it to meet the evolving demands of these dynamic industries.

The Public Company CEO Experience podcast

Nextech has recently released The Public Company CEO Experience podcast, featuring Mr. Gappelberg, a highly accomplished three-time public company CEO and serial entrepreneur. The podcast offers listeners an exclusive behind-the-scenes look into the dynamic life of a public company CEO with valuable insights, while also discussing trending topics and providing business updates on Nextech, Toggle3D.ai and ARway.ai.

Shares for services

The company also announces today that in order to manage its cash flow and reduce or possibly eliminate its dependency of raising capital for payroll or contractor expenses it has renewed its previous share purchase warrant program pursuant to which, over the ensuing 12-month period, it will issue an aggregate of 6,661,388 share purchase warrants to its service providers in connection with their employment and/or consulting arrangements with the company. Each warrant will be exercisable to acquire one common share of the company at an exercise price of 55 cents for a period of one year. The warrants will be automatically exercised in equal monthly tranches on a pro rata basis over the term of the warrants, and the exercise price will be satisfied by the monthly salaries or contractor payments otherwise payable by the company to the recipients of the warrants. Upon exercise, the recipients of the warrants may opt to either receive the underlying shares, or participate in a managed sale program to sell the underlying shares on the open market and receive the cash proceeds. Any shortfall as a result of participation in such a managed sale program will be financed by the company.

About Nextech AR Solutions Corp.

Nextech AR Solutions is a diversified augmented reality, AI technology company that leverages proprietary artificial intelligence (AI) 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.

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