Mr. Evan Gappelberg reports

NEXTECH3D.AI ANNOUNCES TERMINATION OF THE SALE OF ITS 3D MODELING BUSINESS

Nextech3D.AI Corp. has terminated its previously announced letter agreement with VCI Global Ltd., pursuant to which VCI was granted the right to earn up to a 51-per-cent interest in the company's proprietary artificial intelligence platform for 3-D modelling and associated assets. The company determined to terminate the agreement as VCI has been unable to satisfy its conditions precedent to the completion of the agreement in accordance with the mutually agreed timelines. The company presently has no plans to sell its 3-D modelling business; instead, it will persist in building its AI technology stack for scaling 3-D modelling as well as owning, operating and developing this business. The company perceives substantial growth potential through Amazon and other large enterprise clients which the company beleives represent substantial growth opportunities.

About Nextech3D.AI Corp.

The company is a diversified augmented reality, AI technology company that leverages proprietary artificial intelligence (AI) to create 3-D experiences. Its main businesses are creating 3-D WebAR 4K 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, the company spun out its spatial computing platform, ARway.ai as a stand-alone public company. ARway.ai is disrupting the augmented reality way-finding market with a no-code, no-beacon spatial computing platform enabled by visual marker tracking. The company retained 13 million shares in ARway and distributed four million shares to Nextech3D.AI shareholders. ARway.ai is currently listed on the Canadian Securities Exchange (CSE: ARWY), in the United States on the OTCQB (OTC: ARWYF) and internationally on the Frankfurt Stock Exchange (FSE: 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. The company retained 13 million shares in Toggle3D.ai and distributed four million shares to Nextech3D.AI shareholders. Toggle3D.ai is trading on the Canadian Securities Exchange (CSE: TGGL) and in the U.S. (OTC: TGGLF).

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