Nextech AR CEO Evan Gappelberg Buys 250,000 Shares of Company Stock
In Open Market Purchases
TORONTO, O.N,
Canada -- November 29, 2022 -- InvestorsHub NewsWire
-- Nextech
AR Solutions Corp. ("Nextech" or the "Company") (OTCQB:
NEXCF) (CSE:
NTAR) (FSE: EP2), a Metaverse Company and leading provider of
augmented reality ("AR") experience technologies, wayfinding
technologies and 3D model services for ecommerce today announced
that CEO Evan Gappelberg (the "Acquirer") has purchased a total of
250,000 shares (the "Subject Shares") through open market buys with
an average purchase price of $.70/ USD or .95 CAD per share. This
purchase increases CEO Evan Gappelberg's ownership to 10,672,461
common shares.
Nextech AR CEO Evan
Gappelberg commented, "I continue to invest and buy Nextech shares
because I'm extremely excited about our business prospects in 2023
and beyond, and I don't believe that our current share price
reflects the upside potential of our businesses. We have been
building towards this moment in history where everything goes 3D
for a long time, and I believe that Nextech is going to emerge as a
KEY player in multiple 3D markets with lots of upside potential. He
continued, "I'm very optimistic about our growth in 2023 and
beyond. I'm investing today because I see many years of strong
forward growth ahead for our businesses."
The Acquirer acquired
ownership and control of 250,000 Subject Shares in the open market.
When added to its existing shareholdings of the Company (which
consist of an aggregate of 10,422,461 common shares), the
Acquirer's total, post-acquisition holdings of common shares is
10,672,461 common shares, representing 10.36% of the 103,012,103
common shares issued and outstanding.
The holdings of
securities of the Company by the Acquirer are managed for
investment purposes, and the Acquirer and/or its joint actors could
increase or decrease their respective investments in the Company at
any time, or continue to maintain their current investment
position, depending on market conditions or any other relevant
factor.
For further information,
please contact:
Investor Relations
Contact
Lindsay Betts
investor.relations@Nextechar.com
866-ARITIZE (274-8493)
Ext 7201
Nextech AR
Solutions Corp.
Evan
Gappelberg
CEO and
Director
866-ARITIZE
(274-8493)
About
Nextech AR
Nextech AR Solutions is
the engine accelerating the growth of the Metaverse. Using
breakthrough AI, Nextech AR is able to quickly, easily and
affordably ARitize (transform) vast quantities and varieties of
existing assets at scale making products, people and places ready
for interactive 3D use, giving creators at every level all the
essential tools they need to build out their digital AR vision in
the Metaverse. Our platform agnostic tools allow brands, educators,
students, manufacturers, creators, and technologists to create
immersive, interactive and the most photo-realistic 3D assets and
digital environments, compose AR experiences, and publish them
omnichannel. With a full suite of end-to-end AR solutions in 3D
Commerce, Education, Events, and Industrial Manufacturing, Nextech
AR is in a unique position to meet the needs of the world's biggest
brands and all Metaverse contributors. To learn more about Nextech
AR, please follow us on Twitter, YouTube, Instagram, LinkedIn, and
Facebook, or visit our website: https://www.Nextechar.com.
On October 26, 2022
Nextech AR spun out its spatial computing platform, "ARway" as a
stand alone public Company. Nextech AR retained a control ownership
in ARway Corp. with 13 million shares, or a 50% stake. ARway is
currently listed on the Canadian Securities Exchange (CSNX:ARWY),
in USA on the (OTC: ARWYF) and Internationally on the Frankfurt
Stock Exchange (FSE: E65). ARway Corp. is disrupting the augmented
reality wayfinding market with a no-code, no beacon spatial
computing platform enabled by visual marker tracking. To learn more
about ARway, visit
https://www.arway.ai/
Forward-looking
Statements
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" or variations of
such words and phrases or statements that certain actions, events
or results "will" occur. Forward-looking statements regarding the
completion of the transaction are subject to known and unknown
risks, uncertainties and other factors. There can be no assurance
that such statements will prove to be accurate, as 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.
