NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE:
N29), an emerging leader in augmented reality for eCommerce, AR
learning applications, and AR-enhanced video conferencing and
virtual events is pleased to announce that it is launching its new
“Genie in the Bottle” augmented reality marketing program. The
Genie in the Bottle program will first be used in Q4 2020 to
promote a new proprietary line of organic human supplement products
developed by Nextech called ‘TruLyfe’.
Demo video of Genie
https://vimeo.com/463141459
Genie in the Bottle is a human hologram, in the
form of an interactive dietician, that shares nutritional insights
and information with customers who scan the ‘TruLyfe’ supplements
QR code through the NexTech AR app. This platform will mark the
beginning of a new way for eCommerce brands to directly reach their
customers through an immersive episodic storytelling experience
unlike anything seen before.
The initial launch of this AR hologram technology
will occur in parallel with the launch of a new NexTech brand of
organic gummy bear human supplements geared toward immune health
called TruLyfe. In the past 90 days, prior to the official launch
of this program to the public, NexTech has signed new distributor
deals with major brands such as; Dyson, Philips Norelco, MR.
Coffee, VitaMix, MetroVac, Breviel, and Cusinart which are all
doing extremely well. The Genie in the Bottle technology will be
tested in-house on the ‘TruLyfe’ brand products before being rolled
out to the company’s other brands in Q1 2021.
Link: TruLyfe Brand
According to emarketer, digital ad spend in the
U.S. alone is going to be $28 billion in 2020 and growing,
NexTech’s Genie in the Bottle AR hologram technology is targeting
this market. According to Statista: Global eCommerce sales are
expected to top $4.2 trillion USD in 2020 and reach more than $6.5
trillion by 2023. More than 2.1 billion shoppers are expected to
purchase goods and services online by 2021.
"As a registered dietitian and a clinical
nutrition expert, I'm very proud and excited to launch our
plant-powered immunity supplements and interact with our customers
as the first Genie in the Bottle hologram! Our goal is to capture
nature's special ingredients into quality supplements to help our
consumers conquer their health and live their best lives,” comments
Noora Mousa, Vice President of ‘TruLyfe’ and the company’s first
Genie to be featured on the platform. “The Genie in a Bottle
program will allow me as a registered dietitian to empower
customers with digestible knowledge they need and will give
customers their own dietitian in their pocket”
Evan Gappelberg, Chief Executive Officer, NexTech
AR noted, “I believe that our Genie in the Bottle AR marketing
program for eCommerce is truly game-changing technology that will
forever change how brands interact with customers. This AR for
eCommerce offering ties together many of our capabilities including
integration with our newly-acquired AirShow application, leveraging
our eCommerce sales and marketing machine which is already scaling
into Amazon, eBay, Walmart.com, and others plus using Noora’s
product knowledge and the ability to offer Noora as our “test”
Genie. Not only do I see brands flocking to the ‘Genie’ but I also
see this as a fantastic offering for consumers-- who doesn’t want a
dietician Genie on demand?”
He continues, “with the golden age of eCommerce
upon us everyone is shopping online and brands are looking for a
way to communicate with these customers in personalized and
engaging ways. We feel that our Genie In the Bottle bridges this
gap for brands and represents a major business opportunity for us
in house but also to resell to large global brands which we already
have great relationships with and are looking for a channel to
communicate with their customers.”
Launching November, 2020 TruLyfe
and “The Genie” will initially launch 4-products with unique
formulas to support immunity and overall health:
1) Tru - Elderberry + (
vegetarian 70 gummies ) 2 gummies per serving. 35 days.
Advanced formula crafted with plant-based
ingredients along with the help of our honeybees to support your
immune system all year round!*
This unique formula includes:
|
a)
Elderberry: These tart berries of the Sambucus
tree are rich in strong antioxidants called anthocyanins,
responsible for their dark purple color and helping kickstart our
immune system and fight off infections . b) Vitamin
C: An essential water-soluble vitamin known for its
powerful antioxidant capabilities to protect our cells against
harmful free radicals. Also, a key player in wound healing and
maintaining a healthy immune system! * c)
Echinacea: A beautiful flowering plant related to
daisies, contains antioxidants and phytonutrients that have been
shown to stimulate immune function. d) Propolis: A
nutrient-dense bee glue made by honeybees to seal and protect their
hives. Used by ancient civilizations due to its antimicrobial and
anti-inflammatory activities to support and protect the immune
system* |
2) Tru - C ( vegan 60 gummies) 2
gummies per serving. 30 days.
Nourish your body with this essential nutrient and
powerful antioxidant! Our Tru-C gummies are made with a clinically
proven form of Vitamin C that has been shown to strengthen the
immune system against infection, and helps our bodies absorb iron
and produce more collagen for healthier hair, skin, and nails!
3) Tru - Turmeric + ( vegan 60
gummies ) 2 gummies per serving. 30 days.
A powerhouse formula to fight off inflammation and
enhance immunity for better overall health.
This unique formula includes:
|
a)
Turmeric: Known as the “golden spice” of South
Asia, turmeric has been used as a key ingredient in medicine for
centuries. Its main component, curcumin, has been clinically proven
to reduce inflammation through its antioxidant properties. b)
Ginger: Well-known for its aid in healthy
digestion and relief from nausea. In addition, it has been shown to
decrease markers of inflammation and support the immune system in
fighting off germs. c) Black pepper extract: A key
component of black pepper known as piperine lends a helping hand to
our other key ingredient, turmeric, by increasing your body’s
absorption of turmeric’s benefit-rich compound curcumin. In fact,
when consumed together, piperine can increase the absorption of
curcumin by 2000%! |
4) Tru- Melatonin + (vegan 60
gummies ) 2 gummies per serving. 30 days.
Imagine feeling relief from all your stress and
anxiety and finally getting a good night’s rest. This is all a
possibility with our delicious gummies!
|
a)
Melatonin: Known as the “sleep hormone” of the
body, Melatonin not only helps you fall asleep faster, but also a
powerful antioxidant and immunity enhancer. Melatonin allows you to
get the rest you need, so you can live the quality life you
deserve! b) Passionflower: This mesmerizing,
lilac-colored flower has been known to calm the mind and protect
the immune system from negative effects of stress. By supporting
relaxation and reducing symptoms of anxiety, passionflower can help
you fall asleep worry-free. c) Vitamin B6: Nourish
your body with this essential nutrient. Vitamin B6 is a powerful
nutrient that protects your nervous system and strengthens your
overall immunity! |
The company is issuing 980,000 3-year stock
options at closing price of $5.59 under the company's stock option
plan.
Recent Company Highlights in
2020:
September 23rd, 2020: The company
announced that from September 1st to September 22nd the company has
already achieved $900,000 in new Bookings for it’s InfernoAR video
conferencing and virtual events business.
September 16th, 2020: Grundfos,
the largest pump manufacturer in the world, based in Denmark, with
more than 19,000 employees globally and offices in 56 countries has
chosen InfernoAR for both it’s Virtual summit for it’s UK team to
highlight the company's focus on innovation and it’s Virtual
summits for Norway and Sweden.
September 15th, 2020:
Fenestration Digital, one the UK’s leading construction & media
platforms, has chosen InfernoAR for five virtual trade show events
in 2020/21 contracted at over $280,000.
September 11th, 2020: NexTech is
now an approved Microsoft Partner creating enormous new business
opportunities for the company. This partnership provides access to
the Azure Marketplace so that InfernoAR can be sold directly
through the Marketplace.
September 9th, 2020: The company
acquired fast-growing eCommerce software platform Next Level
Ninjas. Next Level Ninjas matches brands and product testers on
it’s VIP Product Testers site, helping brands gain business
momentum. The platform works across multiple eCommerce platforms
including Amazon, eBay, Shopify, Walmart, Jet and Etsy. It services
nine Amazon marketplaces: US, CA, JP, AU and five EU marketplaces:
UK, DE, FR, IT, ES.
September 3th, 2020: TAG Digital
Health a member TAG has chosen InfernoAR for its November 1st event
at a cost of $50,000 for the initial event. There will be
sponsorship opportunities with virtual booths and AR. TAG hosts
more than 150 events each year and serves as an umbrella
organization for 24 professional societies.
August 27, 2020: Carnegie Mellon
University has chosen NexTech’s InfernoAR platform for a virtual
series beginning September 2020.
August 25, 2020 Q2 2020
highlights:
- Revenue grows 290% to $3.5 million
- Gross Profit grows 484% to $2.1 million with a 61% margin
- Working Capital of $5.6 million
- Total Bookings $3.7 million
August 11, 2020: Company
announced that it has begun a major expansion of its AR ecommerce
business. In the past 60 days the company has signed new
distributor deals with major brands such as; Dyson, Philips
Norelco, MR. Coffee, VitaMix, MetroVac, Breviel, and Cusinart.
These new distribution deals position the company to take full
advantage of the new SFH (shop from home) paradigm shift in
e-commerce as well as leverage its full augmented reality
technology stack into these brands, which includes its WebAR,
ARitize360 app and its 3D/AR advertising network. The company
expects these new products to have a significant impact on future
revenues.
July 30, 2020: Ryerson
University, a globally recognized leader in Higher Education with
over 46,000 students have partnered to launch RALE, the Ryerson
Augmented Learning Experience platform, based on NexTech’s
InfernoAR. The technology license agreement has an initial value of
$250,000 with the potential for more revenue tied to additional AR
services.
July 17, 2020: The company
launched a new immersive video conferencing software called
ScreenAR.
July 13, 2020: The company is
launching a new video conferencing software into its InfernoAR
platform (September 2020). The new video conferencing features will
integrate collaborative classroom learning, one to one networking
and traditional video conferencing directly into the platform
letting users seamlessly launch and manage both collaborative
experiences and large audience events directly from InfernoAR.
July 8, 2020: The company is
pleased to announce that it has filed to uplist its stock to the
Nasdaq Capital Market.
About NexTech AR NexTech is one
of the leaders in the rapidly growing Augmented Reality
market estimated to grow from USD $10.7B in 2019 and
projected to reach USD $72.7B by 2024 according to Markets &
Markets Research; it is expected to grow at a CAGR of 46.6% from
2019 to 2024.
The company is pursuing four
verticals:
InfernoAR: An advanced Augmented
Reality and Video Learning Experience Platform for Events, is a
SaaS video platform that integrates Interactive Video, Artificial
Intelligence and Augmented Reality in one secure platform to allow
enterprises the ability to create the world’s most engaging virtual
event management and learning experiences. Automated closed
captions and translations to over 64 languages. According to
Grandview Research the global virtual events market in 2020 is $90B
and expected to reach more than $400B by 2027, growing at a 23%
CAGR. With NexTech’s InfernoAR platform having augmented reality,
AI, end-to-end encryption and built in language translation for 64
languages, the company is well positioned to rapidly take market
share as the growth accelerates globally.
ARitize™ For eCommerce: The
company launched its SaaS platform for webAR in eCommerce early in
2019. NexTech has a ‘full funnel’ end-to-end eCommerce solution for
the AR industry including its Aritize360 app for 3D product
capture, 3D/AR ads, its Aritize white label app it’s ‘Try it On’
technology for online apparel, 3D and 360-degree product views, and
‘one click buy’.
ARitize™ 3D/AR Advertising
Platform: Launched in Q1 2020 the ad platform will be the
industry's first end-to-end solution whereby the company will
leverage its 3D asset creation into 3D/AR ads. In 2019, according
to IDC, global advertising spend will be about $725 billion.
ARitize™ Hollywood Studios: The
studio is in development producing immersive content using 360
video, and augmented reality as the primary display platform.
To learn more, please follow us on Twitter,
YouTube, Instagram, LinkedIn, and Facebook, or visit our website:
https://www.nextechar.com.
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”, “looking forward” or variations of such words and phrases or
statements that certain actions, events or results “will” occur.
Forward-looking statements regarding the Company increasing
investors awareness 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.
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