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It’d probably be easier just to buy shares at market for just about the same price. Although you wouldn’t get the free warrants.
I really can’t comment on that. I got one as well which is a shareholder letter( sales pitch) with documentation of offering which I haven’t read and I wouldn’t waste my time on it.
I looked official news release and read it.
““An aggregate of up to 19,500,000 Units will be issued pursuant to National Instrument 45-106 in accordance with Part 5A thereof (the "Listed Issuer Financing Exemption") to purchasers resident in Canada, except Québec, and other jurisdictions outside of Canada.’’’’’
it’s offered only Canada except in the province of Quebec and other jurisdiction outside of Canada”
Please call them or email them to get clarification to be sure whether you are able to participate in the new offering or not & do your own proper DD.
“Following is official news release from Yahoo Finance today( Not a letter to shareholder)”.
————-
“ NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.
TORONTO, ON / ACCESSWIRE / November 2, 2023 / Nextech3D.AI (the "Company") (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2) announces that it proposes to complete a private placement (the "Offering") pursuant to which it will issue up to 30,000,000 units ("Units") at a price of $0.12 per Unit, to raise aggregate gross proceeds of up to $3.6 million.
Each Unit will be comprised of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"); with each whole Warrant exercisable to acquire one additional common share at a price of $0.17 for a period of 36 months from the date of issuance thereof.
An aggregate of up to 19,500,000 Units will be issued pursuant to National Instrument 45-106 in accordance with Part 5A thereof (the "Listed Issuer Financing Exemption") to purchasers resident in Canada, except Québec, and other jurisdictions outside of Canada. The Units offered under the Listed Issuer Financing Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws. There is an offering document related to the Offering that can be accessed under the Company's profile at www.sedar.com and on the Company's website at https://www.nextechar.com/. Prospective investors should read this offering document before making an investment decision. The net proceeds from the Offering will be used for working capital and general corporate purposes. The Offering is anticipated to close on or about the week of November 22, 2023 ("Closing"), or such later date as the Company may determine. The Company may pay a finders fee of up to 8% of the gross proceeds of the Offering to eligible registrants assisting in the Offering, and issue such number of broker warrants ("Broker Warrants") as is equal to up to 8% of the number of Units sold by such registrants, with each Broker Warrant entitling the holder to acquire one Share at $0.12 for a period of 36 months.
It is anticipated that certain insiders of the Company may acquire Units under the Offering. Such participation, if any, will be considered to be a "related party transaction" within the meaning of Multilateral Instrument 61-101-Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of any related party participation in the Offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it will involve interested parties, is expected to exceed 25% of the Company's market capitalization (as determined under MI 61-101).
The Closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadian Securities Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About Nextech3D.ai
The Company is a diversified augmented reality, AI technology company that leverages proprietary artificial intelligence (AI) to create 3D experiences for the metaverse. Its main businesses are creating 3D WebAR photorealistic models for the Prime Ecommerce Marketplace as well as many other online 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 spin-out.
On October 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 wayfinding 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 4 million shares to Nextech3D.AI shareholders. ARway.ai is currently listed on the Canadian Securities Exchange (CSE:ARWY), in USA on the OTCQB (OTCQB: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 solution that utilizes generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of superior 4K 3D models. The Company retained 13 million shares in Toggle3D.ai and distributed 4 million shares to Nextech3D.AI shareholders. Toggle3D.ai is trading on the Canadian Securities Exchange (CSE:TGGL) and in the USA (OTCQB:TGGLF).
To learn more visit our website: https://www.nextechar.com.
For further information, please contact:
Investor Relations Contact
Julia Viola
investor.relations@Nextechar.com
Nextech3D.AI
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
Disclaimer for Forward-Looking Information
This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the anticipated size and timing of Offering, insider participation in the Offering, and the receipt of all applicable approvals in connection therewith.
Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of the Company. Such statements can generally, but not always, be identified by words such as "expects", "plans", "anticipates", "intends", "estimates", "forecasts", "schedules", "prepares", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. All statements that describe the Company's plans relating to operations and potential strategic opportunities are forward-looking statements under applicable securities laws. These statements address future events and conditions and are reliant on assumptions made by the Company's management, and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could materially differ from those currently projected, and there is no representation by the Company that the actual results realized in the future will be the same in whole or in part as those presented herein. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the additional information regarding the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. For more information on the Company and the risks and challenges of its business, investors should review the Company's filings that are available at www.sedar.com.
The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not undertake to update any forward-looking statements, other than as required by law. “
SOURCE: Nextech3D.ai
I received a solicitation here in the U.S., so I assume the U.S. is one of the “jurisdictions outside of Canada.” What’s the deal with Quebec residents being ineligible?
“An aggregate of up to 19,500,000 Units will be issued pursuant to National Instrument 45-106 in accordance with Part 5A thereof (the "Listed Issuer Financing Exemption") to purchasers resident in Canada, except Québec, and other jurisdictions outside of Canada. The Units offered under the Listed Issuer Financing Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws. There is an offering document related to the Offering that can be accessed under the Company's profile at www.sedar.com and on the Company's website at https://www.nextechar.com/“
Please, do your own DD to get accurate information.
What is a “USA shareholder with Quebec residents?”
Are you saying that not all shareholders can by the new shares?
NEXTECH3D.AI OFFERS $3.6 MILLION OPPORTUNITY - November 2, 2023
Dear Valued Investor,
I hope this letter finds you in good health and high spirits. It is with great pleasure that I reach out to you today to present a unique, time-sensitive investment opportunity in Nextech3D.ai, the company you have already trusted and believed in.
In our relentless pursuit of excellence and commitment to creating shareholder value, we are excited to offer our loyal investors an exclusive opportunity to acquire additional shares of Nextech3D.ai at an exceptionally discounted price. We believe that seizing this opportunity could be a game-changer for your investment portfolio.
We have announced a $3.6million Private placement to allow our shareholder to invest at the 52 week low and to position our company ahead of Amazon opening seller central. We do see this as our biggest opportunity and have invested $25million to get here - but now we are here, and the time has come for us to make this last push-together!
10% of offering is being purchased by management: CEO, CFO, COO, & Hareesh Achi.
Here are the details of this limited-time offering:
Offering Details:
• Price per Common Share: $0.12 CDN
• Warrant Inclusion: With every common share, you will receive one warrant that is valid for three years at $0.17.
• Offer Expiry: This offering will close in just 10 days, so time is of the essence.
Why Invest in Nextech3D.ai now?
Strategic Catalysts:
• We have several pivotal catalysts on the horizon, including a multi-million dollar purchase order from Amazon in 2024. To provide context, we have already delivered $2.75 million worth of 3D models to Amazon in 2023 under our ongoing contract, with expectations to increase our volume by almost 100% in 2024.
Cutting-Edge Technology:
• Amazon is transferring cutting-edge computer vision AI technology to us in November, which will allow us to independently quality-assure our 3D models. This move reflects the high level of trust and integration we've established with Amazon over the past year.
Game-Changing Opportunity:
• In January 2024, Seller Central is set to enable the automatic integration of Nextech 3D models onto Amazon's platform. This represents a breakthrough, allowing 3D models to replace 2D photos on a massive scale. This opening of the floodgates is the main opportunity for Nextech to grow exponentially, granting us access to 10 million customers and 300 million products as a Preferred 3D model supplier.
Strategic Partnerships:
• We have secured a substantial quote for 1,000 3D models from Reliance India, a company worth $150 billion, and are poised to supply Target pending purchase orders.
In the realm of cost efficiency and technological advancement, we have achieved significant milestones that directly impact our financials:
Operational Savings:
• We've made substantial strides in reducing operational costs. Combined with the maturation of our generative AI technology, this has resulted in a remarkable reduction in the production cost of our 3D models.
Cost Reduction:
• Just 30 days ago, the production cost of our 3D models was $50 per unit. Today, as a result of our cost-saving measures, this cost has plummeted to an impressive $25 per 3D model.
Enhanced Profit Margins:
• Given this cost reduction, the profitability of our 3D model sales has significantly improved. We previously sold these models to Amazon at $65 per unit, yielding a modest margin of $15 per 3D model, equating to a 23% margin.
Improved Gross Profit:
• With the lowered production costs, our gross profit per 3D model has risen to a robust $40, marking a substantial 61% gross margin.
Future Cost Reductions:
• We anticipate further cost reductions as our AI technology takes on a more substantial role. Our goal is to bring the cost of production into the range of $15 to $20 per unit, which will further augment our profit margins.
Diversified Margin Structure:
• It's important to note that our sale of 3D models to Amazon at $65 represents the lowest-margin aspect of our business. We also supply 3D models to esteemed clients such as Kohls, P&G, Vornado fans, Dyson, CB2, and over a hundred others, where our margins outside of Amazon are notably higher, often exceeding 75%.
Significant Upside Potential:
• Looking ahead, there's substantial growth potential as we aim to charge our standard prices for merchants on Amazon Seller Central. This development represents a notable upside for our 2024 financial outlook.
These financial improvements, coupled with our expanding client base and technological advancements, position us for a promising future. We believe that our continued efforts in enhancing efficiency and profitability will generate substantial value for our investors as we move forward.
Current Valuation:
At the offering price of $0.12 CDN, our fully diluted market capitalization stands at $18 million CAD. When considering the $10 million in shares owned by [Company Name], our valuation reaches an impressive $8 million CAD. We believe that this valuation significantly undervalues our potential, especially considering the projected 2024 revenue, gross margin, and the growing importance of 3D models in the e-commerce sector.
This offering is your chance to further strengthen your investment position in Nextech3D.ai, an innovative AI company with a promising future. We see tremendous potential for capital appreciation and invite you to take advantage of this unique opportunity.
For any questions or inquiries about this offering, please contact our Investor Relations team at: investors.relations@nextechar.com.
Our dedicated point of contact, Julia Viola, is available to assist you, and our CEO, Evan Gappelberg, is open to calls to answer your investor queries, as arranged by Julia.
In conclusion, I encourage you to consider this limited-time investment opportunity seriously. Your trust and support have been invaluable to us, and we invite you to continue this journey of success together.
Sincerely,
Evan Gappelberg - CEO/Founder
evan@nextechar.com
Well, USA shareholder with Quebec residents wouldn’t get this deep discounted offering of new offering with warrants. Of course, management is entitled for 10%, lol.
I'm looking forward to reading the new NexTech 3D quarterly report around November 15th. I hope to find important new company information, rather than just an update of the last quarterly report. Good luck to all NEXCF shareholders.
NEXTECH3D.AI TO PRESENT AT THE AI AND BIG DATA VIRTUAL INVESTOR CONFERENCE
Join live Thursday November 2nd at 11:30 AM ET / 2:30 pm PT
TORONTO, O.N, Canada – October 30, 2023 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce that Nextech3D.ai CEO Evan Gappelberg will present live at AI and Big Data Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on November 2nd, 2023.
The Company invites individual and institutional investors, as well as advisors and analysts, to attend in person or online at VirtualInvestorConferences.com
DATE: Thursday, November 2, 2023
TIME: 11:30 a.m ET / 2:30 p.m PT
LINK: https://bit.ly/48QBadB
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.
Nextech3D.AI is pleased to announce that the Company is moving to high scale production and in preparation it has established Nextech3D Solutions India Private Limited, which is anticipated to increase profitability and reduce labor costs starting in Q4, 2023. This strategic transition is anticipated to reduce expenses and significantly enhance the Company's profitability and performance as it rolls out its AI solution. The Company is gearing up for a record Q3 and Q4 and record 3D model growth in 2024. The Company is now exclusively focused on high-scale production for its 3D modeling business with Amazon and other enterprise accounts.
Thank you for that in-depth analysis. You post a verbatim message on virtually every board. Very creative.
It’s a collapse dirty scumbag ceo screwed all investors
NEXTECH3D.AI INVESTOR UPDATE
Stay informed on all things Nextech with our weekly investor newsletter! October 27, 2023
ARitize 3D
CUSTOMER HIGHLIGHT
Decor Metall: Augmented and Virtual Reality for Interactive Display Design
Augmented reality isn't just a nice to have; it's a game-changer for customers during decision-making and designers in the conception phase. Decor Metall is leading the way in showing how technology is revolutionizing the entire production process.
The vision of projecting a display virtually into a real environment and viewing it from all angles is now a reality, thanks to Decor Metall's forward-thinking approach. With nearly six decades of experience in brand staging, the company is taking innovative steps in display development. A Point of Sale (POS) solution was traditionally seen as a 3D rendering on screens and paper during the conception phase. But augmented reality (AR) is opening up new possibilities.
Wolfgang von Hagen, Decor Metall's sales manager, explains how this benefits customers and streamlines manufacturing. Decor Metall aims to create POS solutions that truly stand out to draw shoppers' attention to specific products and brands. As a holistic partner, the company collaborates with customers to develop concepts that boost sales at the POS and strengthen brand values.
Here's where AR comes into play. Before a physical prototype is built, Decor Metall offers customers the opportunity to explore their concept through a virtual lens. Customers receive a QR code that leads to a 3D view of the display. Using digital devices like tablets, they can view the display in a true-to-scale 3D model, rotate it, and even place it virtually in their environment. This combination of virtual reality (VR) and AR provides a comprehensive understanding of the product.
This approach has several advantages. It shortens the development process as customers can identify necessary changes before constructing a physical prototype. This results in time and cost savings. Moreover, it empowers customers to promote their sales immediately upon the display's completion. They can virtually place the display on the sales floor, allowing the sales team to demonstrate its functionality to dealers. The ease of choosing between display variants and internal training on display concepts are also enhanced by AR models.
Decor Metall introduced its AR concept at Euroshop, where trade visitors were enthusiastic about the practical applications of AR. The numerous customer projects that have already been implemented across various industries further prove AR's effectiveness. For example, toy manufacturer Dickie-Spielzeug, with Decor Metall's help, developed a four-meter-long display for toy stores. Christina Wimmelbacher, Senior Marketing Manager at Dickie-Toys, emphasizes how AR allowed them to assess the display more realistically. Markus Hirsch, Director of Product Management & Marketing at Dickie-Toys, adds that AR streamlined the introduction of their new POS system to international sales companies, saving time and costs.
Decor Metall's pioneering use of AR and VR revolutionizes how displays are conceived and created, providing real added value for customers. This innovative approach is changing the game in the world of display conception.
Map D
Streamlining Event Planning: Harnessing Map D's Technological Edge
Event planning, a domain often characterized by its multifaceted demands and high-stress nature, calls for a meticulous balancing act. The recent revelation by the World Scholarship Vault, which ranks event planning as the third-most stressful job globally in 2023, underscores the criticality of precision and adept management in this field.
Yet, within this complex panorama, technology stands out as a beacon of efficiency and enhancement. The infusion of robust event planning technology not only promises a reduction in the inherent stressors but significantly elevates attendee engagement, satisfaction, and the overarching narrative of event success.
Here’s a glimpse into how Map D is engineered to transition from this challenge to a realm of streamlined execution and elevated engagement:
1. Defining Event Goals: Map D's user-centric interface aids in articulating and prioritizing event goals seamlessly, be it amplifying brand visibility, accelerating lead generation, or boosting sales figures. Providing a clear lens on objectives sets the stage for a tailored event strategy and tangible success metrics.
2. Budget Management: Our platform furnishes a structured framework to allocate and monitor budgets efficiently, ensuring every dollar is optimally utilized towards achieving the defined goals, thereby promising a robust return on investment.
3. Timeline Structuring: With a keen focus on effective planning, Map D assists in crafting a pragmatic timeline, ensuring a well-phased implementation of all requisite steps leading up to a successful event realization.
4. User Experience Evaluation: An event’s success is often mirrored in the attendees' experiences. Map D facilitates a thorough evaluation of user experiences, encompassing every touchpoint from registration to post-event engagement, ensuring a positive and memorable attendee journey.
5. Data Analytics: In the era of data-driven decisions, Map D's robust data analytics capability empowers an insightful analysis, aiding in informed decision-making and success measurement.
6. Seamless Integrations: Technology integrations are pivotal for a fluid event experience. Map D ensures seamless integrations, setting the stage for a glitch-free orchestration for attendees and organizers.
7. Responsive Customer Support: Our dedicated customer support ensures that every query and concern is addressed promptly, building a reliable support system for attendees and organizers alike.
8. Robust Security Features: In a digital age, security is paramount. Map D encompasses stringent security measures ensuring the sanctity and protection of attendee data, instilling confidence and trust in the digital interactions within the event ecosystem.
With these facets, Map D is not merely a tool but a comprehensive ally for trade show managers, easing the journey from conception to successful execution, ensuring each event resonates with excellence and achieves the envisioned ROI. Our relentless pursuit of innovation continues to steer Map D towards being a cornerstone of successful event management in the modern era.
Looks like NexTech's business is slowly lifting up off the ground.
Vornado Air LLC is a repeat 3D model customer, who has signed and completed 5 expansion contracts for additional 3D models with the Company. Nextech3D.ai has created over 100 models for Vornado Air thus far, all of which are live on Amazon and on the Vornado website. Vornado Air has also requested the creation of additional 3D models which are exclusive products for Costco and Best Buy.
Good to see business coming in through Amazon. It’s the key to everything.
NEXTECH3D.AI SIGNS 3D MODEL EXPANSION CONTRACT WITH VORNADO AIR LLC BRINGING ITS 3D MODELS ONTO AMAZON’S SELLER CENTRAL
Nextech3D.ai is Leveraging its Relationship with Amazon to Bring Select Customers Onto Seller Central
TORONTO, O.N, Canada – October 27 , 2023 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers has signed an expansion 3D modeling contract with Vornado Air LLC, a leading American company that specializes in manufacturing and marketing air circulators, air purifiers, heaters, and humidifiers. Nextech3D.ai was given select access to Amazon’s seller central to bring certain customers’ 3D product models onto the Amazon e-commerce marketplace. The Company is pleased to leverage its 3D modeling expertise in support of both Amazon and its valued customers, and sees significant growth potential with both.
Vornado Air LLC is a repeat 3D model customer, who has signed and completed 5 expansion contracts for additional 3D models with the Company. Nextech3D.ai has created over 100 models for Vornado Air thus far, all of which are live on Amazon and on the Vornado website. Vornado Air has also requested the creation of additional 3D models which are exclusive products for Costco and Best Buy.
This deal builds upon yesterday’s significant announcement that Nextech3D.ai signed an enterprise 3D modeling contract with Kabbani Funiture, considered the number one furniture seller and manufacturer in Egypt.
As previously stated, Nextech3D.ai is a 3D model supplier for Amazon, as the e-commerce giant is in full swing in the transition from static 2D product images to 3D models.
In an article titled "5 Technology Predictions for 2023 and Beyond", Peter Vogels (Chief Technology Officer and Vice President of Amazon) made a bold statement about 3D models and the future of e-commerce. “Static 2D product images on the internet will become a thing of the past, replaced by 3D models that you can pick up, rotate, and place in your living room as seamlessly as you can see them in a web browser today.”
Nextech3D.ai is making it possible to create photo-realistic 3D models as digital replicas of real-world products at scale for large enterprise customers and e-commerce giants like Amazon in the global $5.5 trillion dollar e-commerce market
Try it yourself - Existing Vornado 3D product Models on Amazon
Open the link, click the 3D product model to spin and rotate. Open on your mobile device to view it in your space with augmented reality.
https://www.nextechar.com/press-releases-and-media/nextech3d.ai-signs-3d-model-expansion-contract-with-vornado-air-llc-bringing-its-3d-models-onto-amazons-seller-central?utm_campaign=nextech-ir&utm_source=email&utm_medium=pr-link-vornado-expansion-1
Nextech3D.ai Signs New 3D Modeling Contract with Top Luxury Furniture Company Kabbani Furniture
By Nextech3D.ai on Oct 26, 2023 7:35:00 AM
TORONTO, O.N, Canada – October 26, 2023 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce it has signed an enterprise 3D modeling contract with Kabbani Funiture, a major furniture retailer in Egypt. With 4 main branches, 18 Sub-branches, 7 factories, and over 2000 employees in 7 different governorates, Kabbani Furniture is considered the number 1 furniture seller and manufacturer in Egypt.
Kabbani Furniture’s initial purchase order is for 500 3D models, which represents a small fraction of total SKU’s. This deal also represents a significant growth opportunity, with the potential to grow with Kabbani’s large network of retailers.
Nextech3D.AI is at the forefront of the growing 3D modeling industry. With its cutting edge generative-AI technology, the Company is able to create photo-realistic 4K 3D models that cater to the specific needs of major e-commerce giants including Amazon and others.
$NEXCF given fair value in .08 to .10 range by AI venture firm head. We are getting real close here to buy back in!
The scumbag ceo screwed all investors with this garbage can
Can't be all that bad since you're still here. :)
The following was in the "CIO Review, The Navigator for Enterprise Solutions."
In the realm of 3D modeling, Nextech has gained a distinct competitive advantage in this $100 billion emerging mega-trend by harnessing the power of AI - Evan Gappelberg.
https://www.nextechar.com/hubfs/_Investors%20relations/CIOREVIEW.pdf?utm_campaign=nextech-ir&utm_source=email&utm_medium=link-CIOReview-top-ai-provider&utm_content=ir-newsletter
The game isn’t over yet. The share price is not the game. The model revenue will accelerate. Slow initially, then it will gain traction and accelerate, which is not unusual for a new technology. The only question is when.
It’s a piece of junk, investors lost it all
AR Games create sponsorship opportunities, enhance attendee engagement and create memorable moments at events
TORONTO, O.N, Canada – October 17, 2023 - Nextech3D.AI (OTCQX: NEXCF)
(CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce that augmented reality games are now available in the Company’s newly launched Augmented Reality Powered Mobile Event App for trade shows and event organizers. This app will feature 10 out-of-the-box AR games, creating sponsorship opportunities for event organizers and show managers, while enhancing attendee engagement and creating memorable moments at events.
Watch a video showcasing various augmented reality games through ARway:
NEXTECH3D.AI INVESTOR UPDATE, Oct 13, 2023
Dear Valued Investor,
Last week we sent out the inaugural edition of Nextech3D.ai Investor Newsletter! In case you missed it, please see our first edition here:
https://mailchi.mp/d21d0470472b/press-release-email-template-5913808
ARitize 3D
We’re excited to share the latest insights from our blog post, "Unlocking the Advantages of 3D in Web Design". The world of web design is evolving rapidly, and the integration of three-dimensional (3D) elements is proving to be a game-changer. Our blog post explores how 3D elements in web design not only enhance visual appeal but also boost user engagement. From incorporating 3D objects and creating illusory depth to using shadows and lighting for a more lifelike effect, we’re pushing the boundaries of what’s possible.
map D
The event management and engagement landscape is in a phase of dynamic innovation and expansion. A recent report from Event Industry News suggests that the event tech industry will reach a staggering valuation of $30 billion by the year 2025. This upward trajectory is not merely fueled by the digital shift but by the increasing importance of creating memorable, engaging, and seamless experiences for attendees, both online and offline.
Map D is strategically poised to tap into this momentum. Our distinguishing factor lies in our seamless integration of gamification into event experiences. As the industry evolves, this feature ensures participants remain engaged, and event hosts can derive maximum value from their events. As more businesses recognize the value of interactive and rewarding event experiences, Map D's gamified approach positions us as a leading contender in this expanding market.
As we continue our journey, we're committed to further enhancing the capabilities of our platform, always with our clients' evolving needs in mind. Stay tuned to this section for further insights and to witness how Map D is revolutionizing the realm of event management and engagement.
Gamification has become a game-changer in enhancing event engagement. Here’s why the event industry is buzzing about gamification for events, tradeshows, and exhibits:
• Enhanced Engagement
• Memorable Experiences
• Increased Learning and Retention
• Networking and Community Building
• Data Collection and Insights
• Brand Differentiation
• Boosted Return on Investment (ROI)
Gamification is not just a trend but a substantial shift in how events are designed and experienced. By integrating gamification, Map D is at the forefront of delivering innovative, engaging, and value-driven event experiences, positioning us as a leading contender in the burgeoning event tech market. Our gamified approach resonates with modern attendees' expectations and provides a compelling proposition for our investors to be part of this exciting journey.
Nextech3D.ai Launches Revolutionary Augmented Reality Wayfinding Mobile App For Trade Shows and Event Organizers
ARway and MapD Join Forces to Disrupt $50 Billion Trade Show Industry
TORONTO, O.N, Canada – October 12, 2023 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is proud to announce a major milestone in the evolution of AR-powered event experiences. The Company's MapD business unit has integrated and launched its indoor navigation capabilities with ARway.ai’s technology, opening up exciting new opportunities for event organizers. This integration sets the stage for events to now monetize the airspace with AR sponsorships and offer 3D /AR mobile games and other immersive experiences for events like never before.
The integration between MapD and ARway.ai introduces a groundbreaking Augmented Reality Powered Event Mobile App. This technology unlocks a new revenue channel for event organizers through AR experiences available exclusively via the event mobile app. Event organizers can enjoy white glove deployment and sponsorship sales services, as well as a first-of-its-kind AR navigation experience at trade shows.
ARway.ai is one of Nextech3D.ai’s spin-out companies (CSE: ARWY) (OTCQB: ARWYF) (FSE: E65), and is a spatial computing platform powered by artificial intelligence (AI) providing an array of augmented reality (AR) experiences for indoor spaces. ARway's breakthrough no-code no-beacon IPNN allows for the easy creation of navigation, tours, information sharing, notifications, advertising and gamification.
Evan Gappelberg, CEO of Nextech3D.ai/ARway.ai commented, "The MapD integration with ARway.ai is very exciting for the entire event industry. This collaboration represents our commitment to pushing the boundaries of AR technology and delivering innovative solutions. The executive MapD team and I recognize the tremendous potential and timing in bringing ARway's augmented reality trade show navigation system to the market. With a first mover advantage, we are poised to revolutionize the industry by providing an unparalleled navigation experience for attendees and exhibitors. This is a win-win for both MapD and ARway.ai.”
Key features of the MapD - Augmented Reality Powered Event Mobile App include:
Exclusive AR Experiences: Event attendees will enjoy exclusive AR experiences available only through the event mobile app, setting a new standard for event engagement.
White Glove Deployment: Event organizers will benefit from professional deployment and sponsorship sales services, ensuring a seamless and profitable experience.
First-in-Kind AR Navigation: The app offers unparalleled AR navigation experiences within trade shows, allowing attendees to navigate and explore with ease.
Seamless Integration with MapD Features: Interactive Floor Plans, Exhibitor, Speaker, Sponsor, and Scheduling modules are integrated into a one-stop-shop platform, simplifying event app setup and AR experience publication.
Enhanced Brand Exposure: Exhibitors, sponsors, and advertisers can elevate their presence by positioning their brand within the event space. This opens opportunities to drive visitors to booths and captivate them with AR-enhanced displays such as brochures, videos, hotspots, 3D models, and AR games.
This integration of MapD and ARway.ai will not only enhance the quality of event experiences but also create a powerful revenue stream for event organizers, making it an exciting prospect for investors. The ability to stand out in a crowded event landscape and provide memorable interactions for attendees will undoubtedly drive greater success and value for all stakeholders.
About MapD
MapD is an Event Solutions Platform and one of 4 key business units under the Nextech3D.ai umbrella. Map D includes the following components:
Interactive Floor Plan: The Map D interactive floor plan is a powerful tool for tradeshows, festivals, and conferences. With information-rich profiles, it's easy to build out a marketplace of participating vendors and connect them to attendees, sessions, speakers, and more. The floor plan is easy to navigate, search, and bookmark, making it an essential tool for any event with a vendor marketplace
Booth Sales: Conference organizers can sell booth space to exhibitors with customizable gateway and checkout scenarios. The product allows clients to view the real-time availability of booths and their sales status. It allows exhibitors to reserve a booth or pay for it using a credit card directly from the floorplan.
Mobile App: The app combines the current MapD event management solutions technology with ARway, the AI-powered Augmented Reality Navigation platform with a disruptive no-code, no-beacon spatial computing solution, creating an industry-first augmented reality / artificial intelligence combined solution for event management providers and bringing Augmented Reality to live, in-person conferences and trade shows.
The only AI they are using is for the 3D model production. The AI label doesn’t really matter one way or the other. It’s not like anyone bought this as an AI play and now they are feeling duped.
Bottom line: either they ramp up the sales of 3D models at a faster rate or the shares will be further diluted. The product is obviously viable, it’s the fairly slow growth that has been the problem.
AR company pretending to be AI
Think market is seeing through desperate attempt. Why not just be best AR company around, and not try to paint self as AI when you really not.
NEXCF: effective Oct. 4,2023 NexTech AR Solutions Corp will change to NexTech3D AI Corp:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Lol. Again, good luck with that. The tech is sound. Major companies are buying it. Just need to sell more of it and get to cash flow even, to avoid further fund raises. It’ll happen, the question is when?
They screwed all investors they have nothing but an empty shell company
Lol. Good luck with that. They need to amp up the model revenue but that is hardly a prison offense.
Hell is where ceo belongs
These dirty rats screwed all investors with bullshit ceo belongs in jail
Every time news hits this garbage goes down can’t you see investors lost hope in this piece of trash
Hi All, I’ve just published our latest video on NexTech3D.AI (#NTAR) where I review recent announcement that #NexTech will be moving its operations to India, and also have a stab at what the true fair value per share of #NexTech really is. You might be surprised. Hope you enjoy and share if you like…
The following is a news clip for Amazon, which should be relevant, since Amazon is a major customer of NexTech.
Amazon (NASDAQ:AMZN) – The Federal Trade Commission will launch antitrust proceedings against Amazon, marking the latest U.S. effort to regulate big tech companies. Amazon is accused of anti-competitive practices and abuse of market power. Additionally, Amazon will incorporate limited advertising into Prime Video in 2024, aiming to fund more compelling content. Advertising will be less frequent than on other streaming and linear TV. Users in the US can opt for an ad-free service for an extra $2.99 ??per month. In other news, Amazon plans to invest up to $4 billion in Anthropic, a generative artificial intelligence startup, moving much of Anthropic’s software to Amazon Web Services. This investment gives Amazon a minority stake in Anthropic and marks a significant advancement in Amazon’s quest to become a leader in AI, providing Anthropic with access to advanced computing power and substantial funding, crucial for developing advanced AI models.
I found a video that I haven't seen before. In the video Evan Gappelberg, CEO, and Reza Davariar, COO, discuss NexTech's future with Amazon. The video is 54 minutes long, but I thought it was worth watching. I hope everyone likes it.
Hi All, I’ve just published our latest video on NexTech3D.AI (#NTAR) where I review recent appointment of Hareesh Achi as Head of Product Operations, and how this hire is likely to improve not only profit margins but also scalability for NexTech’s biggest customer, Amazon.
Share if you like. Many thanks…
Thanks Marty, I will be looking forward to the fifth NEXCF podcast.
Here's the new link for it.
MartyFromYahoo, episode 4 of Evan's podcast doesn't appear to be working. Would you mind setting it back up, so I can watch it?
It looks like $.24 is a good support level. Do you agree? Happy investing in NEXCF.
Since we haven't heard from Evan Gappelberg - CEO of Nextech, in a month or so, I found it interesting to go back and reread his commentary:
TORONTO, O.N, Canada -- August 1, 2023 -- InvestorsHub NewsWire -- Nextech3D.AI (formerly "Nextech AR Solutions Corp'' or the "Company") (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce its preliminary unaudited financial and operating results for its second quarter ended June 30, 2023.
Preliminary Q2 2023 Financial Highlights:
Revenue for Q2 2023 was $1.4 million, up +155% compared to 2022;
Revenue for 6-months ending June 30th, was $2.7 million up +157% compared to 2022;
Gross profit remained consistent at 38%, contributing $1.1 million and $0.5 million year to date and for Q2, respectively;
Gross margin is expected to increase to 40-50% next quarter, and increase in Q4 and 2024 as its AI takes over
Evan Gappelberg - CEO Commentary:
Nextech3D.ai CEO Evan Gappelberg comments" Our preliminary results for Q2 were impressive, as we achieved record sales of $1.4 million. However, what excites me even more is the exciting growth we are witnessing in our Q3 and Q4 orders. Based on the current order flow from Amazon, we are projecting a breakout Q3 quarter with revenue of at least $1.7 million, and we also anticipate an expansion in profit margins. He Continues " We believe there is potential for the revenue to exceed $1.7 million as that is our conservative estimate for Q3. This quarter is expected to be the long-awaited turning point for our company. This belief is reinforced by the recent announcement of a significant expansion contract worth $2.2 million from Nextech3D.ai's largest customer, Amazon. This contract highlights the success of Nextech3D.ai's groundbreaking generative-AI technology, positioning the company as the leading AI solution globally for scaling 3D model production in the thriving e-commerce, gaming, and manufacturing industries. Furthermore, thanks to our latest funding round, our cash position is now robust enough to accommodate the increased demand we anticipate in the second half of 2023 and beyond."
It will be interesting to see how close we come to Evan's projection.
https://ih.advfn.com/stock-market/USOTC/nextech-ar-solutions-qx-NEXCF/stock-news/91698189/nextech3d-ai-reports-record-preliminary-q2-revenue
Nextech3D.ai, your megaverse company
We are excited to introduce you to the new Nextech!
Nextech3D.ai, where we bring you the latest advancements in our suite of 3D and AR solutions. At Nextech3D.ai, we've been hard at work, and we believe our enhanced offerings will resonate with your interests.
Aritize3D: Dive into the realm of 3D and Augmented Reality. ARitize3D is our AI-powered platform designed to empower businesses to create captivating 3D and AR content seamlessly. Enhance your e-commerce experience and stand out with immersive visuals. Discover ARitize3D.
ARway: Navigate the future with precision. ARway is our Augmented Reality Experience Platform, offering robust AR navigation and immersive experiences. From indoor wayfinding to curated AR tours, redefine user interactions with spaces. Explore ARway.
Map D: Elevate your event experiences. Map D is our interactive event management tool, ensuring your events, whether virtual, in-person, or hybrid, are memorable. Engage attendees, promote sponsors, and offer a seamless event experience. Learn More about Map D.
Toggle3D: Unleash your design potential. Toggle3D is your free go-to web-based design studio for creating, customizing, and publishing in 3D. From CAD conversions to real-time 3D design with WebAR, Toggle3D is your comprehensive design solution. Dive into Toggle3D.
Let us know how we can revolutionize your business. Reply to this email or request more information on the websites provided.
Warm regards,
Justin Weaver
Sales, Operations & Marketing Manager
Nextech3D.ai
https://mail.google.com/mail/u/0/?shva=1#inbox/FMfcgzGtwqHXtzlZNTblGmnqPRHqdLzl
Slap that ask dude!!! Slap it hard!!!
Sounds good to me. But I question whether we can hold any significant rally until serious revenue growth numbers are put up. Also, not until we reach break even on a cash flow basis so as to take further dilution off the table.
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nextech3D.ai is the engine accelerating the growth of the Metaverse. Using breakthrough AI, nextech3D.ai 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, nextech3D.ai is in a unique position to meet the needs of the world’s biggest brands and all Metaverse contributors. |
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