Mr. Evan Gappelberg reports

NEXTECH3D.AI ANNOUNCES DATE FOR FINANCIAL RESULTS AND WEBCAST FOR FOURTH QUARTER & FULL YEAR 2023

Nextech3D.AI Corp. will release its audited full-year and fourth quarter 2023 financial results after markets close on Monday, April 29, 2024.

In February, the company released the preliminary unaudited results showing strong annual revenue growth of 56 per cent to $5-million, compared with $3.2-million in 2022. Annual gross profit margin for 2024 is estimated at 30 per cent with the company's pivot to India in Q4, 2023. Thank you to all of the company's customers, employees, suppliers, shareholders and supporters who helped Nextech3D.AI achieve a great 2023.

Subsequently, Nextech3D.AI will host a conference call to discuss the full-year and fourth quarter 2023 results Monday, April 29, 2024, at 5 p.m. Eastern Time.

Please join Evan Gappelberg, chief executive officer, and Andrew Chan, chief financial officer, to discuss these financial and operating results followed by a question-and-answer period.

Preliminary annual 2023 financial highlights:

• 2023 annual revenue growth of 56 per cent;
• 2023 annual revenue of $5-million compared with $3.2-million in 2022;
• 70,000 3-D models created as of Dec. 31, 2023.

Conference call details

Title:  Nextech3D.AI full-year 2023 and Q4 2023 financial results

Call date:  Monday, April 29, 2024

Time:   5 p.m. Eastern Time (United States and Canada)

Participant details

North America toll-free number:  888-330-2024

North America toll number:  646-960-0187

International toll number:  1-646-960-0187

Conference ID:  7778367

For those unable to join the live event, a recording of the presentation will be posted on the company's investor relations website.

About Nextech3D.AI Corp.

Nextech3D.AI is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3-D experiences at scale for e-commerce. The company's primary focus lies in creating high-quality 3-D WebAR photorealistic models for Amazon and various other on-line retailers. Nextech3D.AI has adopted a unique approach to creating shareholder value beyond its operating business of creating 3-D models.

The company also develops or acquires disruptive AI technologies, which are subsequently spun out to shareholders as stand-alone public companies. This spinout strategy allows Nextech3D.AI to issue stock dividends to its shareholders while maintaining significant ownership in the public spinout without dilution to the parent company (Nextech3D.AI).

Notably, Nextech3D.AI successfully spun out ARway, its spatial computing platform, as a stand-alone public company on Oct. 26, 2022. The company retains a 49-per-cent stake with 13 million shares in ARway Corp. while distributing four million shares to Nextech3D.AI shareholders.

Similarly, Nextech3D.AI accomplished its second spinout launching Toggle3D.ai, an AI-powered 3-D design studio aimed at competing with Adobe. The company retains a 44-per-cent stake with 13 million shares in Toggle3D.ai Corp.

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