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AI Whales lurking waters for the next big thing, NEXCF Fire breakout is near
The stage is set NexTech3D AI is the next Nvidia
Major expansion into Jewelry, Blockchain and NFT.
This could be one of the best expansion can predict and think .
Personally, I wish they would stop expanding and increasing costs until they can afford it better.
If I recall, to get into the lowest NASDAQ tier the share price has to be $4, not $5. Maybe that changed or I am mistaken.
Nextech3D.ai Establishes New Business Unit Targeting Jewelry Industry with GPT AI CAD-3D Models, Blockchain Technology, and NFTs
ORONTO, ON, Canada – March 5, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS),a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls, Miele and others including major e-commerce platform integrations with Shopify, BigCommerce and WooCommerce is pleased to announce that it has established a new business unit to target the Jewelry Industry with 3D Models, Blockchain Technology, and NFTs. The initiative will be led by former META & Microsoft Executive Hareesh Achi, who is Nextech3D.ai's current Head of Product Operations. This new business unit will focus on using the GPT AI CAD to 3D texturing platform of its spin-off Company, Toggle3D.ai (OTCQB: TGGLF/ CSE: TGGL). Toggle3D.ai’s technology can convert jewelry CAD files into lightweight, web-friendly 4K 3D quad meshes, then uses AI to texture the jewelry in yellow gold, white gold, or rose gold. After this is complete, the AI photography studio creates stunning lifestyle images before it is published onto the web. Toggle3D.ai intends to license this all-in-one GPT AI platform to global manufacturers, while Nextech3D.ai will be conducting the sales and marketing for this new business unit.
The Company's strategic move to license its GPT AI tech is set to remove the traditional barriers of price and volume that have long restricted the accessibility of high-quality 3D modeling technology for e-commerce and other industries. Nextech3D.ai has leveraged its groundbreaking GPT AI powered technology to dramatically slash the cost of 3D models from CAD files to $10 to $20 while producing the highest quality 4K quad mesh photo realistic models, enabling scalability while creating a new highly profitable business.
The Company recently announced the launch of the next era of GPT AI 3D product solutions of proprietary Artificial Intelligence (AI) algorithms which is the foundation of this new business unit which now is combining the power of blockchain technology and Non-Fungible Tokens (NFTs), opening new avenues for revenue and innovation across various sectors, within the jewelry industry. The Company is working at the integration of 3D modeling with blockchain technology and NFTs, focusing on its implications at first within the jewelry sector. This synergy can enhance authenticity, ownership, and engagement in a market increasingly influenced by digital natives driving value to the substantial Global Jewelry Market.
The Company is looking to capitalize on the intersection of GPT AI CAD-3D Models, Blockchain Technology, and NFTs in Jewlery
GPT AI CAD- 3D modeling technology allows designers to create intricate and customizable jewelry designs that can be viewed and modified in real-time, offering personalization and efficiency in production. This digital transformation not only streamlines the manufacturing process but also enables consumers to engage directly with the creation of their jewelry, enhancing the customer experience. Blockchain technology provides a secure and immutable ledger, ideal for certifying the authenticity and provenance of jewelry pieces. By recording the entire lifecycle of a jewelry item on the blockchain, from raw material sourcing through to the finished product, consumers can verify its authenticity and ethical sourcing, The NFTs represent a unique digital ownership certificate for an asset, stored on a blockchain. In the jewelry industry, NFTs can be used to authenticate ownership of both physical and digital jewelry pieces, offering a new level of exclusivity and personalization. For digital jewelry, NFTs open up avenues for consumers to express themselves in virtual spaces, including social media and virtual reality platforms, where digital assets are becoming increasingly valuable.
NFTs for Ownership and Exclusivity
Application and Benefits
Enhancing Customer Engagement and Loyalty
The integration of 3D models, blockchain, and NFTs enables jewelry brands to offer personalized and immersive shopping experiences. Customers can participate in the design process through 3D modeling, verify the authenticity and history of their purchases via blockchain, and gain exclusive ownership rights through NFTs. This level of engagement fosters a deeper connection between the brand and its customers, enhancing loyalty.
Opening New Markets: Digital and Physical Jewelry
The fusion of these technologies allows for the creation of both physical jewelry pieces and their digital counterparts. NFTs enable the sale and trade of digital jewelry in virtual environments, appealing to Generation Z's increasing presence in these spaces. Additionally, NFTs linked to physical jewelry pieces can enhance the value and desirability of the tangible product.
Addressing Counterfeiting and Promoting Sustainability
Blockchain's record-keeping capability significantly reduces the risk of counterfeiting, ensuring that customers receive genuine products. Furthermore, transparently tracking the sourcing and production process promotes ethical and sustainable practices in jewelry manufacturing, aligning with the values of Generation Z consumers.
Challenges and Considerations
While the potential benefits are significant, challenges such as technological complexity, privacy concerns, and the environmental impact of blockchain technology must be addressed. Education and awareness efforts are essential to facilitate adoption, while ongoing innovation and collaboration will be crucial to mitigate environmental concerns associated with blockchain technology.
The integration of 3D modeling, blockchain technology, and NFTs presents an opportunity for the jewelry industry, particularly in engaging with Generation Z consumers. By offering enhanced personalization, authenticity, and digital experiences, this technological synergy not only meets the unique demands of Generation Z but also sets a new standard for innovation in the luxury goods market. As the industry navigates this digital revolution, embracing these technologies can lead to sustainable growth and a deeper connection with the next generation of consumers.
3D modeling technology significantly enhances value in the jewelry industry through various avenues, particularly in terms of customization, visualization, and production efficiency. Here’s a detailed exploration of how 3D models add value:
Enhanced Customization and Personalization
3D modeling allows for high levels of customization and personalization that were previously difficult or impossible to achieve with traditional jewelry design methods. Customers can be directly involved in the design process, selecting materials, shapes, and styles to create a piece that is uniquely theirs. By offering personalized experiences, jewelry brands can significantly increase customer satisfaction and loyalty.
Improved Visualization and Consumer Confidence
With 3D models, customers can visualize jewelry pieces in exquisite detail before making a purchase, including viewing items from multiple angles and understanding intricate designs. This visualization capability is crucial for online shopping, where the inability to physically inspect products can be a barrier to purchase. By providing a realistic representation of jewelry pieces, 3D modeling technology enhances consumer confidence, reducing hesitation and potentially increasing conversion rates.
Streamlining Production and Reducing Costs
From a production standpoint, GTP AI-CAD 3D models streamline the manufacturing process, allowing for rapid prototyping and adjustments without the need for expensive and time-consuming physical samples. This efficiency not only reduces production costs but also accelerates the time-to-market for new designs. Furthermore, the precision of 3D modeling minimizes errors in the production process, resulting in higher quality products and less waste.
Facilitating Omnichannel Experiences
3D models are pivotal in creating seamless omnichannel shopping experiences. They can be integrated into various platforms, from online stores and social media to augmented reality (AR) applications, allowing customers to interact with jewelry pieces in innovative ways. For example, AR apps can enable consumers to virtually "try on" jewelry, enhancing engagement and interactivity across digital channels creating fluid, interactive shopping experiences across all touchpoints.
The Company believes that 3D modeling technology adds significant value to the jewelry industry by enhancing customization and personalization, improving visualization and consumer confidence, streamlining production processes, facilitating omnichannel experiences, and supporting sustainability efforts. As the industry seeks to attract and retain consumers, leveraging 3D models offers a compelling way to meet their expectations for innovation, quality, and ethical consumerism.
NFT’s and 3D Models Can Work together to generate revenue;
The combination of 3D modeling and Non-Fungible Tokens (NFTs) presents a novel and exciting opportunity to create and enhance value in the jewelry industry. This synergy not only appeals to traditional aspects of value such as uniqueness and ownership but also aligns with modern consumer trends, especially among digital-savvy generations like Generation Z. Here's how 3D models and NFTs can work together to create value in the jewelry sector:
Digital Ownership and Authenticity
NFTs serve as digital certificates of ownership and authenticity for unique items, stored securely on a blockchain. When applied to 3D modeled jewelry pieces, NFTs can verify the ownership and originality of both physical and digital jewelry items. This digital authentication process adds immense value by ensuring the item's provenance, a critical factor in the luxury goods market where the authenticity and history of an item significantly influence its value.
Exclusive and Customizable Digital Jewelry
3D modeling allows designers to create intricate, customizable jewelry designs that can be minted as NFTs. This opens up a market for exclusive digital jewelry that can be collected, worn in virtual environments, or used as avatars on social media platforms and in virtual worlds. For Generation Z, who spend considerable time in digital spaces, owning unique digital assets is a form of self-expression and status. This exclusivity and customization potential make digital jewelry an attractive investment and fashion statement.
Bridging Physical and Digital Worlds
The integration of 3D models with NFTs enables a seamless connection between physical jewelry pieces and their digital counterparts. Purchasing a physical jewelry item could also grant the buyer ownership of a digital twin represented by an NFT, which can be used or displayed in virtual spaces. This dual ownership model adds value by offering a comprehensive experience that spans both the physical and digital realms, catering to the modern consumer’s lifestyle that increasingly blends the two.
Enhancing Customer Experience and Engagement
The use of 3D models and NFTs in the jewelry industry can significantly enhance customer engagement by offering an interactive and immersive buying experience. Customers can participate in the creation of their jewelry through 3D modeling interfaces, making personalized adjustments before finalizing their purchase. The final piece can then be minted as an NFT, providing a new layer of engagement through digital ownership and potential participation in virtual economies. This personalized and interactive process enhances the customer experience, fostering a deeper emotional connection with the brand.
New Revenue Streams and Marketplaces
NFTs enable the creation of new revenue streams and marketplaces for jewelry designers and brands. Digital jewelry pieces can be traded on NFT marketplaces, opening up global markets and attracting new demographics interested in digital fashion and collectibles. Additionally, brands can leverage NFTs to offer limited edition releases, pre-orders, or special collections, creating hype and exclusivity around their products. This not only generates direct revenue but also enhances brand visibility and engagement in digital spaces.
Sustainability and Ethical Consumption
Digital jewelry represented by NFTs offers an eco-friendly alternative to traditional jewelry, which often involves resource-intensive production processes. By creating value in digital items, the industry can cater to ethically conscious consumers, including Generation Z, who prioritize sustainability. Digital collectibles reduce the need for physical materials and the environmental impact associated with mining and manufacturing, aligning with the growing demand for responsible and sustainable consumption practices.
The Company believes that the integration of 3D models and NFTs in the jewelry industry represents a timely forward-thinking approach to creating value, blending traditional craftsmanship with digital innovation. By offering authenticated ownership, exclusive digital collectibles, enhanced customer engagement, and new revenue opportunities, this synergy caters to the evolving preferences of modern consumers. As the digital and physical realms continue to converge, leveraging 3D modeling and NFTs will be crucial for the jewelry industry to stay relevant and thrive in the digital age
Further, the synergy between 3D models and blockchain technology creates value by enhancing authenticity, facilitating secure transactions, protecting intellectual property, streamlining supply chains, and offering customization opportunities. This integration represents a significant step forward in digital innovation, opening up new possibilities for creators, consumers, and industries at large. As these technologies continue to evolve, their combined potential to transform traditional business models and marketplaces will only increase, paving the way for a more secure, efficient, and innovative future which the Company intends to participate in.
I have not read all the filings but if the uplist claim was last July stock was at 0.52 at the time and the only way to uplist would have been 1:10 R/S.
I see they just released news about a new business unit.
I
You realize this is from last July? Evan has not mentioned any plan to uplist recently. It’s not possible with the current share price.
Me too dude till i saw this!!! Nextech3D.ai Files to Uplist on NASDAQ Capital Market and Signs Large Enterprise Renewal and Expansion Contract with Major Retailer for over 1000+ 3D Models
Nextech AR Solutions Corp officially changes its name to Nextech3D.ai to better reflect its AI-powered business. The company plans to list its common shares on the NASDAQ Capital Market while keeping its Canadian CSE listing. Nextech3D.ai has filed a draft registration statement on Form F-1 for a potential future offering of securities in the United States. Additionally, the company has renewed and expanded contracts with a large enterprise customer and a major ecommerce brand, further solidifying its position in the 3D models for the ecommerce industry.
Mr or Mrs Scoobey - I swore off OTC's especially ones with an F at the end but this caught my attention. Very tough to research these as there is so little regulatory info available. Please tell me why I should keep researching this one.
Blue skies NEXCF Hell Yes$$$
NexTech3D.AI recorded an awesome day. Thanks, Evan Gappelberg and your NexTech team!
THE NexTech - AI / 3D MODELING UPDATE - VOLUME 1
Dear Valued Investor,
We are at the dawn of a new revolution in e-commerce, driven by advancements in AI and 3D modeling technology. This transformative shift is not just a trend; it is redefining the online shopping experience, aligning perfectly with the digital transformation sweeping across industries globally.
Why AI and 3D Modeling, and Why Now?
The e-commerce landscape is evolving rapidly, with consumers demanding more interactive and engaging shopping experiences. This is where AI and 3D modeling technology come into play, offering a dynamic, immersive, and personalized shopping journey. The shift from 2D to 3D modeling for e-commerce is a major multi-decade transformation that is being led by AI. This transformation is evident as major brands and companies are incorporating 3D models and AR shopping, including Amazon, Walmart, CB2, IKEA, Sephora, Target and more.
Amazon (AMZN - Worth $2 Trillion) Amazon is leading this shift, transitioning from traditional 2D images to 3D models for all their products, setting a new standard in online retail. Nextech3D.ai is proud to be a preferred 3D model supplier for Amazon, already creating thousands of 3D models per month and scaling up.
The Power of 3D Models in E-Commerce
3D models in e-commerce are not just visually appealing; they are revolutionary. They enable customers to visualize products in high detail from every angle, significantly enhancing decision-making confidence. This shift leads to higher conversion rates, as customers are more likely to purchase when they can thoroughly explore a product. Moreover, 3D visualization reduces returns, as buyers have a clearer expectation of what they are purchasing, thus saving costs and improving customer satisfaction. Additionally, interactive 3D models increase customer engagement, keeping them on your site longer, which directly correlates with increased sales.
A Timely Investment Opportunity
The timing for investing in AI and 3D modeling technology could not be more opportune. As online shopping continues to grow, the demand for more immersive and interactive experiences is skyrocketing. Businesses adopting 3D models are setting new benchmarks for customer engagement and satisfaction. By investing in Nextech3D.ai, you are not merely keeping pace; you are positioning yourself at the forefront of an e-commerce revolution.
Why Nextech3D.ai?
Nextech3D.ai stands at the forefront of this mega-trend, leading the massive shift from static 2D images to immersive 3D experiences. Our AI-powered 3D modeling technology creates photo-realistic 4K 3D models that cater to major e-commerce platforms like Amazon. With years of expertise and a portfolio of high-profile clients including Amazon, P&G, Kohls, Miele and others - Nextech3D.ai is transforming online shopping into an interactive adventure.
Stay Tuned
In our next email, we will dive deeper into Nextech3D.ai’s pioneering technology and how our solutions are driving the future of e-commerce. Learn why Nextech3D.ai is not just riding the wave of this mega-trend but is actively shaping the future of online retail.
NEXTECH3D.AI EXPANDS AI TECH TEAM AND DOUBLES OFFICE SPACE AS DEMAND INCREASES FOR GPT AI PLATFORM AND 3D MODEL PRODUCTION IN HYDERABAD, INDIA
Company is Negotiating Major Licensing Deals For its GPT AI 3D Modeling Technology
TORONTO, ON, Canada – February 22, 2024 - Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a Generative GPT AI-Powered 3D model supplier for Amazon, P&G, Kohls, Miele and others including major e-commerce platform integrations with Shopify, BigCommerce and WooCommerce is pleased to announce the expansion of its AI tech team by doubling its office space in Hyderabad, India, to accommodate its expanding team. The Company is also in negotiations for a major license of its GPT AI 3D modeling CAD to 3D and texturing technology. Nextech3D.ai will continue to supply 3D models to the largest brands and .platforms as it gears up increasing revenue and profit margins by signing licensing deals with global manufactures that have CAD files.
3D GPT AI Licensing Technology
The Company's strategic move to license its GPT AI tech is set to remove the traditional barriers of price and volume that have long restricted the accessibility of high-quality 3D modeling technology for e-commerce and other industries. Nextech3D.ai has leveraged its groundbreaking GPT AI powered technology to dramatically slash the cost of 3D models from CAD files to $10 to 20 while producing the highest quality 4K quad mesh photo realistic models, enabling scalability while being highly profitable.
Evan Gappelberg, CEO of Nextech3D.ai commented, “Our GPT AI technology has the potential to open the floodgates for 3D model adoption in this new AI era. We are negotiating with a number of large manufacturers which produce hundreds of thousands of products annually that want to go 3D but can’t afford the traditional cost of $75 to $150/model. We believe that with our new groundbreaking technology enabling breakthrough pricing and scale, that we will land many of these large contracts since the previous friction point has been price and scale.” He continued, “AI is transforming our world and how we think about 3D modeling and the AI that powers the production of 3D models for e-commerce.”
Nextech3D.ai’s spin-out company, “Toggle3D.ai” offers users an intuitive point-and-click interface that revolutionizes the creation of 3D models. By merely importing a CAD file, companies, brands and users can effortlessly use Toggle3D’s user-friendly platform to generate 3D models, apply AI-driven texturing, utilize a virtual photography studio, and much more. This platform is especially transformative for the realm of e-commerce, where the virtual photography studio eliminates the need for physical product photography, saving large brands millions of dollars.
A key aspect of this strategic shift is the licensing of Nextech3D.ai’s technology to major manufacturers, enabling their own employees to create high quality, 4K resolution 3D product models without requiring specialized skills in 3D modeling. This is game changing as it empowers businesses to harness the full potential of 3D modeling internally, while reducing the 3D model production cost by as much as 80%.
Toggle3D.ai is currently in advanced discussions with a large manufacturer for a contract valued in the seven figures. This not only exemplifies the market’s enthusiasm for 3D models, but also signifies the platform’s potential to redefine how businesses approach shopping experiences and 3D models for e-commerce.
India Office
Initially announced in September, 2023, Nextech3D.ai moved operations to Hyderabad, India. The focus on high-scale production and cost savings by setting up operations in India has resulted in growing profit margins for the Company and a significant improvement in operational efficiencies. The initiative has been led by the Company’s Head of Product Operations, Hareesh Achi, who has over a decade of technology experience as a former Microsoft and Meta executive.
The move to India has created a cash flow positive 3D model division for Nextech3D.ai by optimizing production processes and taking advantage of cost-effective resources in the region. With these initiatives and others, the Company is positioning itself for enhanced profitability for years to come in a rapidly evolving market.
NEXTECH3D.AI ANNOUNCES EXPANSION OF AI TECH TEAM AND DOUBLING OF OFFICE SPACE AS DEMAND GROWS FOR 3D MODELS - CEO INTERVIEW
Earlier today, Nextech3D.ai announced the expansion of its AI tech team by doubling its office space in Hyderabad, India, to accommodate its expanding team. The Company is also in negotiations for a major license of its GPT AI 3D modeling CAD to 3D and texturing technology. Nextech3D.ai will continue to supply 3D models to the largest brands and. platforms as it gears up increasing revenue and profit margins by signing licensing deals with global manufacturers that have CAD files.
CEO Evan Gappelberg joined Proactive Investors to discuss the news:
WATCH THE INTERVIEW @ https: //www.youtube.com/watch?v=ZfR4xKIGs5A (eliminate the space after "https")
February 22, 2024: Steve Darling (Host, Proactive) and Evan Gappelberg (CEO, Nextech3D.ai) discuss the Company's expansion of its AI tech team team and doubling of office space as demand grows for 3D models
In the news today.
——-
TORONTO, ON / ACCESSWIRE / February 22, 2024 / Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS), a Generative GPT AI-Powered 3D model supplier for Amazon, P&G, Kohls, Miele and others including major e-commerce platform integrations with Shopify, BigCommerce and WooCommerce is pleased to announce the expansion of its AI tech team by doubling its office space in Hyderabad, India, to accommodate its expanding team. The Company is also in negotiations for a major license of its GPT AI 3D modeling CAD to 3D and texturing technology. Nextech3D.ai will continue to supply 3D models to the largest brands and .platforms as it gears up increasing revenue and profit margins by signing licensing deals with global manufactures that have CAD files.
3D GPT AI Licensing Technology
The Company's strategic move to license its GPT AI tech is set to remove the traditional barriers of price and volume that have long restricted the accessibility of high-quality 3D modeling technology for e-commerce and other industries. Nextech3D.ai has leveraged its groundbreaking GPT AI powered technology to dramatically slash the cost of 3D models from CAD files to $10 to 20 while producing the highest quality 4K quad mesh photo realistic models, enabling scalability while being highly profitable.
Evan Gappelberg, CEO of Nextech3D.ai commented, "Our GPT AI technology has the potential to open the floodgates for 3D model adoption in this new AI era. We are negotiating with a number of large manufacturers which produce hundreds of thousands of products annually that want to go 3D but can't afford the traditional cost of $75 to $150/model. We believe that with our new groundbreaking technology enabling breakthrough pricing and scale, that we will land many of these large contracts since the previous friction point has been price and scale." He continued, "AI is transforming our world and how we think about 3D modeling and the AI that powers the production of 3D models for e-commerce."
Nextech3D.ai's spin-out company, "Toggle3D.ai" offers users an intuitive point-and-click interface that revolutionizes the creation of 3D models. By merely importing a CAD file, companies, brands and users can effortlessly use Toggle3D's user-friendly platform to generate 3D models, apply AI-driven texturing, utilize a virtual photography studio, and much more. This platform is especially transformative for the realm of e-commerce, where the virtual photography studio eliminates the need for physical product photography, saving large brands millions of dollars.
A key aspect of this strategic shift is the licensing of Nextech3D.ai's technology to major manufacturers, enabling their own employees to create high quality, 4K resolution 3D product models without requiring specialized skills in 3D modeling. This is game changing as it empowers businesses to harness the full potential of 3D modeling internally, while reducing the 3D model production cost by as much as 80%.
Toggle3D.ai is currently in advanced discussions with a large manufacturer for a contract valued in the seven figures. This not only exemplifies the market's enthusiasm for 3D models, but also signifies the platform's potential to redefine how businesses approach shopping experiences and 3D models for e-commerce.
India Office
Initially announced in September, 2023, Nextech3D.ai moved operations to Hyderabad, India. The focus on high-scale production and cost savings by setting up operations in India has resulted in growing profit margins for the Company and a significant improvement in operational efficiencies. The initiative has been led by the Company's Head of Product Operations, Hareesh Achi, who has over a decade of technology experience as a former Microsoft and Meta executive.
The move to India has created a cash flow positive 3D model division for Nextech3D.ai by optimizing production processes and taking advantage of cost-effective resources in the region. With these initiatives and others, the Company is positioning itself for enhanced profitability for years to come in a rapidly evolving market.
See more details and images of the India Office - click here
Nextech3D.ai employees in Hyderabad, India.
Recent News
Nextech3D.ai Launches Next Era of GPT AI 3D Solutions Led by Former Microsoft Executive
Nextech3D.ai Lands $1.8 Million 3D Modeling Deal with NASDAQ 100 Technology Company
Nextech3D.ai Reports $5 Million in 2023 Revenue, Growth Up +56% Preliminary Unaudited Results
Nextech3D.ai's Breakthrough AI Powered Search Engine Able to Deliver a 500% Increase in Productivity
Sign up for Investor News and Info -Click Here
About Nextech3D.ai
Nextech3D.ai or the "Company," (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS), is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3D experiences at scale for E-COMMERCE. The Company's primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon and various other online retailers. Nextech3D.ai has adopted a unique approach to creating shareholder value beyond its operating business of creating 3D models.
The Company also develops or acquires disruptive AI-technologies, which are subsequently spun out to shareholders as standalone public companies. This spin-out strategy allows Nextech3D.ai to issue stock dividends to its shareholders while maintaining significant ownership in the public spin-out, without dilution to the parent company Nextech3D.ai.
Notably, Nextech3D.ai successfully spun out "ARway," (OTCQB:ARWYF)(CSE:ARWY)(FSE:E65 ) its spatial computing platform, as a standalone public company on October 26, 2022. The Company retains a 49% stake with 13 million shares in ARway Corp. while distributing 4 million shares to Nextech shareholders.
Similarly, Nextech3D.ai accomplished its second spin-out launching Toggle3D.ai, (OTCQB:TGGLF)(CSE:TGGL)(FSE:Q0C) an AI-powered 3D design studio aimed at competing with Adobe. The Company retains a 44% stake with 13 million shares in Toggle3D.ai Corp.
To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or 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)
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.
SOURCE: Nextech3D.ai
Nextech3D.ai announces launch of GPT AI 3D solutions led by former Microsoft Executive 2/15/2024
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce the company's launch of the next era of GPT AI 3D product solutions. These proprietary Artificial Intelligence algorithms represent a significant advancement in Nextech3D.ai's technology offerings and are poised to drive innovation in the e-commerce industry.
Leading this initiative is Hareesh Achi, a former Microsoft Executive who currently serves as Nextech3D.ai's Head of Product Operations. With Achi's expertise and leadership, the company aims to capitalize on the early stages of the AI opportunity, particularly in the realm of 3D modeling for e-commerce.
Gappelberg emphasized that the transition from 2D to 3D modeling represents a major multi-decade transformation driven by AI. Nextech3D.ai is at the forefront of this transformation, leveraging its suite of GPT AI solutions to provide cutting-edge technology to enterprise clients. The company plans to offer annual enterprise licensing deals for its suite of GPT AI solutions, which initially feature 12 GPTs. Moreover, Nextech3D.ai intends to develop additional GPTs throughout 2024, further expanding its product offerings and market reach.
By focusing on enterprise licensing deals and advancing its suite of AI solutions, Nextech3D.ai is well-positioned to capitalize on the growing demand for innovative 3D technologies in the e-commerce landscape. This initiative underscores the company's commitment to driving technological innovation and delivering value to its clients in the evolving digital marketplace.
Watch the video at:
https: //www.youtube.com/watch?v=Epz-fHQcrAE
CEO Evan Gappelberg joined Proactive Investors to discuss the news released 2/13/2024
NEXTECH3D.AI LANDS $1.8 MILLION 3D MODELING DEAL WITH NASDAQ 100 TECHNOLOGY COMPANY
Earlier today, Nextech3D.ai announced a significant $1.8 million 3D modeling contract with a major enterprise client. This deal provides significant revenue for the Company to be delivered in 2024, and showcases Nextech3D.ai's position as an industry leader for 3D modeling in the $6.3 trillion e-commerce market.
See the interview:
https: //www.youtube.com/watch?v=DQEGFXY1sLc
Please eliminate the space after https:
If you continue to watch, a second video will start with ARway as the subject with some discussion about Netflecks.
LOL, I guess things were different 70 years ago. Have a great day.
Wow, I just assumed that was a label, not an actual name. This is kind of like naming McDonald’s Corp. “Large Fast Food Company.”
NEXTECH3D.AI LANDS $1.8 MILLION 3D MODELING DEAL WITH NASDAQ 100 TECHNOLOGY COMPANY
TORONTO, ON, Canada – February 8, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is thrilled to announce a significant $1.8 million 3D modeling contract with a major enterprise client. This deal provides significant revenue for the Company to be delivered in 2024 and showcases Nextech3D.ai's position as an industry leader for 3D modeling in the $6.3 trillion e-commerce market.
Nextech3D.ai CEO Evan Gappelberg commented, “Nextech3D.ai has been at the forefront of the massive shift from 2D static images to 3D immersive experiences, utilizing augmented reality and cutting-edge generative AI technology to create photo-realistic 4K 3D models that cater to the specific needs of major e-commerce companies. Nextech3D.ai is seeing demand from around the globe and is currently negotiating with three additional enterprise clients that are in the six and seven figure range.” He continued, “This $1.8 million deal is not just a testament to Nextech3D.ai's technological prowess but also to the rapidly growing importance of 3D modeling in e-commerce and demonstrates the scalability and adaptability of Nextech3D.ai's technology. We are focused on large enterprise deals in an effort to ramp up our revenue base and solidify Nextech3D.ai's position as a leader in the field of 3D and AI for e-commerce.”
New AI-Powered 3D Model Search Tool
Last month, the Company announced it had gone live with its proprietary AI-Powered 3D model search engine. This advanced search engine integrates AI and computer vision technologies to refine and expedite the process of 3D modeling. With this groundbreaking AI-powered technology, the Company will enhance and quicken its internal 3D model creation workflow significantly. Additionally, Nextech3D.ai plans to release this search engine for public use, potentially leading to substantial increases in revenue and profits by licensing the AI technology to others.
This new AI-powered 3D model search engine provides 500% increase in 3D modeling productivity. This report was based upon research of Nextech3D.ai’s own internal usage of thousands of searches over several weeks, and significantly impacts and increases the scalability and profitability of the production of 3D models.
2023 Financial Results
The Company also recently reported its unaudited financial and operating results for the full year 2023, ended December 31, 2023. These preliminary results show strong annual revenue growth of +56% to $5 million compared to $3.2 million in 2022. Annual gross profit margin for 2024 is estimated at 30% which with the Company's pivot to India in Q4, 2023 and improvements in its AI-powered 3D modeling technology is projected to increase dramatically in 2024.
Why did you post:
It’s a generic name. They apparently don’t want their true name disclosed.
Who is Global Industrial Company?
"NEXTECH3D.AI SIGNS NEW 3D MODELING CONTRACT WITH ENTERPRISE GIANT GLOBAL INDUSTRIAL COMPANY – TORONTO, O.N, Canada on January 30, 2024"
Global Industrial Company was started in 1949, over 70 years ago, as a small material handling company.
Today, Global Industrial Company boasts of being an industrial leader with 1.7+ million products in 21 industrial and commercial categories.
Global Industrial’s customer-centric focus means they provide industry-leading products, knowledge and expertise, and operational excellence all designed to bring their customers a differentiated and delightful experience.
• Extensive Account Management Tools
• Huge Selection of Products
• Low Prices
• Same Day Shipments on Most Orders
• Extended Service Plans
If you are interested in reading more about Global Industrial Company, you can find it here:
https: //www.globalindustrial.com/aboutUs
It was the same as press release of yesterday.
Why bother if it is the same thing? One will be sufficient.
NexTech3D AI Corp, Evan Gappelberg's interview regarding NexTech's financial future:
https: //www.youtube.com/watch?v=6a0rKHCZH_g
None of the above. I call em as I see them. The sales have sucked. Although there is a ray of hope with the unaudited numbers. But we should be doubling revenue quarter over quarter at this point. I hope it happens but the jury is out.
I’m also curious as to where and how we are going to raise badly needed cash, with the VCI deal falling through.
Nextech3D.ai Reports $5 Million or +56%Growth in 2023 Revenue Unaudited Results
TORONTO, ON, Canada -- February 8, 2024 -- InvestorsHub NewsWire -- Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers announces its preliminary unaudited financial and operating results for the full year 2023, ended December 31, 2023. These preliminary unaudited results show strong annual revenue growth of +56% to $5 million compared to $3.2 million in 2022. Annual gross profit margin for 2024 is estimated at 30% which with the company's pivot to India in Q4, 2023 and improvements in its AI is projected to increase dramatically in 2024.
CEO Commentary
Nextech3D.ai CEO and founder Evan Gappelberg commented, "While 2023 was a solid year of growth for our Company, we are expecting even stronger gains in 2024 as the 3D modeling revolution gains steam and our business gains more economies of scale. Moving operations to India was a major positive for our production capability, but especially our profits as we are now seeing consistent profit margins of over 50% in our businesses, which is approximately an 80% improvement over 2023." He continued, "We are currently negotiating multiple major contracts for our 3D modeling business while simultaneously building important AI technology that will continue to drive our revenue and profits forward. We are seeing a convergence of AR and AI technology begin to drive the adoption of all our portfolio of technologies including 3D modeling, spatial computing and AI texturing…we are excited for releasing the technology we are building and for record results in 2024!"
Preliminary Annual 2023 Financial Highlights
2023 Annual revenue growth of 56%
2023 Annual revenue of $5 million compared to $3.2 million in 2022
70,000 3D models created to date
2024 Outlook & Highlights
Several significant enterprise 3D modeling contracted expected to close in Q1
MapD anticiaptes a jump of 51% or more in the average contract value due to increased pricing which has already been implemented and accepted by many customers. The Company is also projecting another 50% growth in new business leading to a projected 100%+ growth in 2024 revenue.
3D Model Report and Projection
Nextech3D.ai has created a total of 70,000 3D models to date, and it is expected to surpass 250,000+ models by 2025. This achievement is projected to be reached due to the Company's AI-powered technology enabling the scale of production of 3D models, as well as its contracts with enterprise clients.
About Nextech3D.ai
Nextech3D.ai or the "Company," (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3D experiences at scale for E-COMMERCE. The Company's primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon and various other online retailers. Nextech3D.ai has adopted a unique approach to creating shareholder value beyond its operating business of creating 3D models.
The Company also develops or acquires disruptive AI-technologies, which are subsequently spun out to shareholders as standalone public companies. This spin-out strategy allows Nextech3D.ai to issue stock dividends to its shareholders while maintaining significant ownership in the public spin-out, without dilution to the parent company Nextech3D.ai.
Notably, Nextech3D.ai successfully spun out "ARway," (OTCQB: ARWYF | CSE: ARWY | FSE:E65 ) its spatial computing platform, as a standalone public company on October 26, 2022. The Company retains a 49% stake with 13 million shares in ARway Corp. while distributing 4 million shares to Nextech shareholders.
Similarly, Nextech3D.ai accomplished its second spin-out launching Toggle3D.ai, (OTCQB: TGGLF | CSE: TGGL | FSE: Q0C) an AI-powered 3D design studio aimed at competing with Adobe. The Company retains a 44% stake with 13 million shares in Toggle3D.ai Corp.
To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.Nextechar.com.
Really?
Are u still short or want 2 buy cheaper?
Your comments were expected to be negative, lol.
Two interesting issues. Particularly the one about whether Evan will be demoted or step down from CEO. It may be that if the VCI deal went through he would have been replaced.
I agree with him on the AI issue. It’s dangerous and unpredictable. But not really in the context of creating 3D models.
ignatiusrielly35, Yes, the Podcast was very wordy, but I found two interesting points in it.
What is NEXCF telling its shareholders?
1. The Podcast refers to Evan Gappelberg as the "Acting" CEO. Is this an unofficial announcement of a change to Gappelberg's status at the company?
"Evan Gappelberg - Acting CEO of Nextech3D.ai"
2. It sounds like Evan Gappelberg is having second thoughts about AI. The following is from the written version of the Podcast.
"All I know, Ryan, is that I don’t think we’re quite ready for the power of AI. I don’t think we’re quite ready to become second fiddle to another alpha, I don’t think we can handle it. I don’t think we have the right governance in place. I don’t think as a species that we’re really, I don’t know. It’s very, very concerning to me, and if you think back, Elon Musk and OpenAI, Sam Altman, and all these guys originally didn’t want it to be a for-profit company. They knew, and these guys were way smarter than me or any of us. They knew the power of AI. If they thought it was just like a regular tech, they would have just tried to monetize it but they knew it was super powerful and very unpredictable and hard to control and so they tried to turn it into something that wouldn’t be a species killer, wouldn’t actually get unleashed, and it didn’t work. The reason it didn’t work is Sam Altman released it, ChatGPT, and once he did that, the arms race began. Google, Microsoft, all the big boys threatened. Meta is now releasing open-source AI, which is also concerning, right? Because it’s kind of like a mini-brain. It’s not as powerful as open AI, but they’re giving a lot of power into the hands of the public, and while we’re pretty nice people, the only thing I could come up with would be helping me write a press release or something, or helping me with AI search engines for 3D models, something that’s pretty benign."
Food for thought!
The PR today about unaudited earnings numbers is somewhat encouraging, at $5m in revenue. They need to double that in 2024.
Wow, impressive. So many words, and so little sales.
Analogy: wait, let me tell you about how efficient we are at making pizzas that nobody buys. They are quite delicious and although we are about to be evicted from our store by the landlord because we ran out of cash, our production of unsold pizzas is now extremely efficient. In fact, we are buying another oven to produce even MORE pizzas that nobody buys.
It’s okay, though, because the pizza market is huge. We haven’t captured any of it but the size alone is impressive. It’s kind of like a large mansion that you can admire but never have.
Navigating the Future: CEO Strategies for Success in the AI Industry
Evan Gappelberg, Acting CEO of Nextech3D.ai, shares valuable insights in this engaging episode, discussing the dynamic nature of successful entrepreneurship and the importance of adaptability. From pivotal moments in business history to the potential risks and opportunities presented by AI, Evan delves into the evolution of technology and its impact on industries. Join the conversation as he highlights the innovative use of AI in Nextech, particularly the development of a groundbreaking 3D model search engine, offering a glimpse into the future of digital creativity and commerce.
Evan Gappelberg - Acting CEO of Nextech3D.ai
Listen to the Episode - https: //www.aifounders.net/ep-17-navigating-the-future-ceo-strategies-for-success-in-the-ai-industry/
Table of Contents
Introduction
Entrepreneurial Journey and Challenges
NexTech's Evolution and Success
Adaptability in Business
Role of AI in NexTech
Future Outlook and Aspirations
Introduction
Ryan: Welcome everyone to the AiFounders Podcast Show. Our podcast is dedicated to celebrating the remarkable accomplishments of AI innovators, entrepreneurs, and visionary founders and the captivating stories behind the movements they have built. I’m your host, Ryan Davies, and I have the honor of hosting today’s episode, Navigating the Future: CEO Strategies for Success in the AI Industry, with our special guest, Evan Gappelberg. Evan, thank you so much for joining us here today.
Evan: Great to be here with you, Ryan. Thanks for having me.
Entrepreneurial Journey and Challenges
Ryan: I am super excited. I always really enjoy when we have somebody else who has a podcast that’s on here as well because it kind of has that really fun energy and back-and-forth that our audience loves to hear, and I love to host. So Evan, beyond your podcast, obviously has a little bit for our audience as a background founded NexTech on January 18 with the thought and idea that AR and 3D were going to be the next megatrend and obviously- were not wrong in that raised $3 million, went public in October of 2018, and really turned out that when purchasing a few e-commerce sites and a virtual event platform, we had the perfect storm. E-commerce, virtual events, business, everything exponentially grew, with the stock price going up 40 times and their market cap topping out at $700 million. They placed their largest bet on AI, acquiring AI startup 3D AI for $10 million. Fast forward to AI becoming the secret sauce and, again, 3D profits and scalability in 2023 being the future of e-commerce. They built generative AI-powered software to scale the production of 3D models for e-commerce today. They are the only publicly trading company that is a 3d model supplier for huge names like Kohl’s and Dyson’s Hundreds of e-commerce brands and sites after five years and ten acquisitions, they have really mastered the art, and Evan has mastered the art of acquiring Pivotable Tech, but also how to build a successful team. So when we’re talking about inside the CEO suite and strategies for success, we can’t have a better guest than you today with us. So Evan, thank you so much for being here. I think the audience is tired of hearing me talk. We’re going to turn it over to you here. Share a little bit more about your journey and how, you know, you really got into the AI industry and recognized that this was the place to be for your growth.
Evan: Sure. Thanks for that, Ryan. So, my background is Wall Street. I spent a couple of decades, actually, the ’90s and the early 2000s, on Wall Street and really analyzing what stocks to invest in, what public companies to buy, right? Because you’re only as good as your last stock recommendation. The key was to constantly find the right sectors, and so I became really, really good at identifying the next big thing, right? That’s what you have to invest in because everything’s cyclical. Everything in business, as in life, is cyclical, right? We’re just coming out of, I don’t know how many interest rate hikes we’ve had in the last year and a half, but it’s been like seven or eight, something like that. Interest rates went from zero to 7%. It was a really aggressive rate hike. But the point is that it’s a rate height hike cycle, and what is a cycle? Well, it goes round and round, just like a bicycle wheel, and so that’s the way business works. When things are going great, just be careful because, typically, it doesn’t last, and when things are really difficult and you’re struggling, the turn is just around the corner. You just have to survive those downs. Let’s go to 2018. In 2018, I had just come out of a massive, massive cannabis trade. I actually invested in cannabis starting in 2015 because I saw the megatrend. I saw that everybody was trying to legalize it. In the US, I was talking to some CEOs and investors about investing in cannabis in 2015, and they were like, Evan, you’re crazy. I don’t want to go to jail. That was the difficult response, right? I was like, You know, they’re not wrong, but there’s got to be a pathway here, so I discovered Canada, you know, literally across the border. You know, I was in New York at the time. It was an hour’s flight to Toronto. All of a sudden, I started going up to Canada, and I met a group of investors. Sure enough, I was able to take a company public and had a 40X exit in 18 months. That was an absolute monster win for myself and the investors that were following me at the time. I wasn’t the CEO of the company. I was putting in capital. I was done, to be honest with you. I thought, you know what? I’ve had an amazing ride. It’s been a roller coaster ride. Being an entrepreneur is always going to be that. It’s not traditional, right? It’s not a straight-line path. I call it off-road driving.
NexTech’s Evolution and Success
Ryan: Yep. It makes sense. It’s thrilling, it’s fun, but it’s dangerous, and it’s exhausting at the end of it. Absolutely. That’s a great analogy.
Evan: Yeah, it’s off-road driving. So you don’t go off-road driving in a Ferrari, Right? So you don’t go off-road driving in a Ferrari or sports car. You do it in a Jeep, right? You want four-wheel driving. So you have to be prepared, so when you look at doing that for decades, it really does get to be exhausting, and when you do have those wins, it’s very satisfying, but it’s like, okay, am I going to go back into the wild again? It’s always a challenge. It’s always fun, but it’s still a lot of work. I actually thought I was done after cannabis, but lo and behold, I wasn’t done. It was just when I thought I was out that some guy brought me back in. Basically, I’m a sucker for a good idea. Someone introduced me to augmented reality, and I was like, this is the future. There’s no doubt about that, and the next thing you know is, as you said, I raised $3 million because I have a fan base, basically people that I’ve made millions of dollars for. I decided to take my own company public and be my own CEO, which I had not done before. I’ve been CEO, but not my own public company. So I merged my skill sets, stock market, previous investing, startup entrepreneur, and CEO many, many times, and formed NextTech. Now, I didn’t actually have a complete business plan. A lot of people will tell you that’s what? You didn’t have a business plan. I didn’t. I knew that I was going to be successful just because of my previous successes. Like I said, I was riding this big 40 X win with cannabis. I went and founded NexTech. The idea was 3D models for e-commerce, and AI became the obvious way to break through in that industry. Making 3D models for e-commerce in 2019, we were public, and it took about nine months to get public. From early 2018 to late 2018, we were just filing the paperwork. We did go public in Canada in Q4 of 2018, and then we were public in 2019. This is just a great story for our entrepreneurs when it comes to pivoting because, in 2019, I was convinced that I was going to be the factor 3D model supplier for all of e-commerce. You couldn’t have told me that I was mistaken. I was convinced until Google came knocking on my door and invited me into their headquarters in New York, sits me down, and said, you’re really early to this party. Like they’re in the space as well, and the guy’s like, there’s not a lot of business. He’s like, there’s crumbs. I’m like, yeah, but crumbs for Google is like a lot of money for a startup, and he was like, yeah, it’s really early. I’m just saying, right? Then, the weirdest thing happened. Apple called me up and said the exact same thing. Now, I might have believed in my own story. Like I said, you couldn’t have convinced me otherwise, but when Apple and Google both say something to you directly. I mean, you have to listen. I sat on my desk in my chair, wrapped my hands around my head, and did some soul-searching. This is 2019. I had just gone public and raised the money, and all of a sudden, I realized it was early. There’s no business. I have this vision, but there’s no demand in the market. I’m early, and when you’re early, you can quickly become roadkill. You just end up on a desert road, you run out of gas or out of water, and you’re done.
Ryan: When you’ve off-roaded too far. Now you’re a no man’s land, there’s no cell coverage, there’s no coming back, right?
Evan: Yeah, you’re not coming back. You’re in the desert, and everything’s like a mirage, but you end up dying out there or pivoting. So I pivoted. I decided, you know what, instead of selling 3D models to e-comm businesses, let me buy an e-comm business, and I’ll make the 3D models for my own e-comm business. So I went out and bought the most boring, ugliest e-comm business I could find a vacuum cleaner business. It was reselling high-end Miele vacuum cleaners. These are $1,000, $1,500 vacuum cleaners, and so I found a company that had a distributorship, and we started selling vacuum cleaners, and I’m like, not what I actually dreamt about but it’s generating a couple of million dollars, and I had taken all my chips and put it into that business, and I was like, all right, you know what? I’m in this business. Now, I better go deeper. So, I bought a pet supplement business right on the heels of that. So now I have two e-comm businesses. I’m making 3D models for the vacuums. basically using myself as the test bed. I’m thinking I’m going to bide my time and wait for the 3D modeling business to show up. Q4 2019, we’re deep into e-commerce and still making 3D models, still have the dream. Then, I get introduced to a company that has a fledgling virtual event business. I was like, I’m not interested in that, but these guys were running out of gas. They were about to become roadkill, and the valuation was very reasonable. It was like a one-time sale, which is what they were trying to sell for. I got introduced to them in late 2019. By March, I see the storm clouds of Covid, and I’m like, wait a minute, virtual events, like Zoom, are taking off, right? Zoom is zooming ahead. I’m like, okay, I got to buy these guys. So I buy them for a million dollars, and within 2020, as you said earlier on, my company’s valuation because the economy shut down, and by the way, timing is everything. What did we say about cycles? Well, this was not just an upcycle. This was a turbo upcycle. This was rocket ship up. Those don’t happen every cycle, but they do happen occasionally, right? The internet craze in the 1990s was turbo. The AI craze right now that’s going on, these are massive upcycles, right? You have your typical cycle, and then you have these turbo cycles. So I’m in the middle of a turbo cyclone cycle going up where e-commerce, our e-comm business, it was like the slot machines, ding, ding. The orders were coming in for vacuum cleaners, but we were also selling other stuff like posters and all these home appliances. Where was everybody? Everybody was at home. What are we selling? Home appliances. Our business exploded, and the same thing with the virtual events business, and the same thing with my evaluation. Like you said, all of a sudden, we got to a $700 million valuation in Q4 of 2020. Now I want everybody to think about this. A year prior, I was on the verge of becoming roadkill. If I had stuck with my original vision, I would have been roadkill. You must pay attention and pivot when necessary. It’s okay. The key is to win. It doesn’t matter if you’re winning at 3D modeling; the 3D modeling business is what I wanted to win at, but I was winning at e-com and virtual events. I actually don’t like those businesses, but I did have an obligation to my investors and shareholders. So anyway. As you continue forward, I will probably raise $30 million on the back of that run with my public company and invest in acquiring the technology for AI. Like you said, we made a $10 million acquisition. We made a whole bunch of acquisitions. By the time of Q4 of 2020, when our stock was peaking, I was like, okay, Covid is not going to last forever. They were everyone’s getting vaccinated. In 2021, I started to talk about divesting ourselves of the e-comm business and virtual events business, and we did divest ourselves. We liquidated those businesses and got out of those businesses. It was opportunistic. Right? We took advantage of the moment. It allowed us to raise enough money to continue on our journey. And if you think about raising money, think about it as putting gas in your gas tank. So, the e-com business and the events business went away, and we started to invest heavily in AI. Let’s fast forward to today. We supply Amazon with 3D models. As you said, we supply Kohl. We supply about 150 different brands with 3D models, which is quite impressive. It’s still early days, but the reason why 3D models are being adopted in the world of e-commerce is because you sell more stuff. People are able to take a product, let’s call it a couch, and pull it out of the screen and put it in the room with you. You get to see the size and the shape and the color in your house, in your living room, and then you hit the buy button because you feel confident as opposed to having to go to the store and then imagine what it’s going to look like in your house, right? Which is not so easy to do, right?
Ryan: You think, you know, then you go home and go, wait, our floor is not actually that color. Or the walls are. I didn’t know our walls were like that.
Evan: Right, or it can’t fit through my front door. There’s a lot of value in the technology, and there’s a reason why Amazon’s heavily invested in it. They are the King Kong of e-commerce. 70- 80 percent of the market is Amazon, and so they are actually going all in on 3D models. They’ve told their merchants there will be no more 360 videos, only 3D models, so 360 videos are going bye-bye. They’re being replaced by 3D models. We have AI, which allows us to make a part of the 3D model, and that puts us on, let’s say, the 50-yard line. We can’t make 100% of the 3D model using technology alone, but we can make some percentage of it, and what that does is save us time, and the human ultimately is the highest cost. We were making our 3D models with talented Canadians, Americans, and Europeans. Still, we’ve pivoted because it’s too expensive for India, and the number of times that I’ve pivoted, I mean, I’ve lost count. You have to be very, very flexible in building your business. Sometimes, you’re right. Sometimes, you’re wrong. You have to own up to those things, and that’s okay. I mean, my philosophy is that pivoting is almost like a part of the program. You have to expect that you’re going to pivot at some point. If you look at a lot of the successful companies today, the big Companies that are out there and the early days, they pivoted The ones that don’t pivot. I mean, look at Kodak. It’s like a reverse pivot They were set in their ways Digital photography shows up, and what happens? Roadkill. They didn’t pivot. They just kept going into Never Neverland.
Ryan: Yeah, no one will ever go for this. The stories are countless, right? Between them and the blockbuster Netflix, all this stuff. Oh, people want to come in and wander around and pick out a movie. No, they don’t. Just because you think it’s a good idea doesn’t make it so. I love that.
Evan: Right, and Netflix is a great example because I actually remember I used to get movies back in the day. It was the VCR. So you go rent it. It was cockamamie. You had to return it in three days, blockbuster, like you said. And then you had Redbox, though. Redbox was like some kind of revolution where you had a vending machine in parking lots where you could rent movies. They’re like, wow, okay, this is cool, and then Netflix came up with the DVD that they would mail you in a red envelope, and that was like a game-changer. I was like, what? They’re mailing me, and I got to put it in my mailbox, and then they pick it up, and it gets mailed back. I was like that. I don’t get this, but it’s better than having to go. Now it’s streaming on demand 24×7, anything you want. I mean, that’s amazing, amazing technology and Netflix had it figured out earlier on with the streaming, but the tech, you know, the bandwidth wasn’t there yet.
Ryan: Yeah. Another example is that you’re there too early, right? It’s not, it’s not, it’s the idea is right. The timing isn’t there yet.
Evan: Right, and you have to figure out a bridge. How are you going to get from where you are to that place in the future? How do you bridge? That’s where it gets complicated. Most people cannot figure out how to bridge. I mean, look, if there’s one thing that I think is like the key ingredient, there’s not one thing because there’s a lot. You have to be a bit fearless, right? You can’t be afraid to pivot. A lot of people get caught in this, well, like what’s my investor’s going to think or what’s my mother going to think or what’s my wife going to think or what’s my brother going to think or my mom? I got to tell my mom now that I’ve pivoted, but you just have to do what you have to do. You can’t think about what people are going to say. You have to know what’s right intuitively, and you have to make these hard decisions. Perseverance is the other thing that I think gets underrated here. Look, you can have a super high IQ, you could be really talented, really smart, but if you’re not going to persevere in the face of adversity, if you’re just like too much, and if you overanalyze and you start to look at like spreadsheets and spreadsheets become your thing that becomes your North Star, you’re done because a lot of those numbers actually never materialize, and so you really have to be creative. You have to persevere and have to be willing to pivot. You can’t let your ego get in the way, and you have also to catch the wave, the cycle. You can’t be too early or too late. There are lots of things that the stars really do have to line up for an entrepreneur to be successful. It’s not a path for everybody. It’s really just for a specialized personality. I would say that, in my experience, the smarter you are, and this is kind of counterintuitive, the less of an entrepreneur. I mean, there are a couple of geniuses out there, right? Like the Zuckerbergs and the guys that went to Harvard. I mean, there are guys like that and I do believe the most interesting entrepreneur to me is the creative genius. They are very rare. Right? You have geniuses, and then you have creative geniuses. The creative genius is like the super entrepreneur. That’s very rare, and those are the guys that come out of Stanford. I believe Stanford literally screens their applicants for creative geniuses. I believe MIT screens their applicants for geniuses. Maybe some of them take a few creative types, but I do feel like a creative genius. You look at them like Elon Musk. He’s kind of that creative genius. He’s got so many different genius companies that he’s building or built. I mean, he’s clearly one of those. I think he came. Did he come out of Stanford? I don’t remember, Ryan.
Ryan: I don’t remember if that’s where he was. I know he had quite an illustrious background once.
Adaptability in Business
Evan: No, actually, I don’t think he did. I don’t think he did come out of Stanford, but I know the guy from Snap came out of Stanford, and Google guys did as well. There are just so many that it can’t be an accident, but it is interesting to be an entrepreneur. It’s become somewhat trendy today. I would say it’s probably in my view, Ryan. It’s the only place where I’m a happy person in this world of being a creative entrepreneur where you create, you’re going off-road, and there’s no road. you’re picking your own path in life, and that’s exciting to me, but I can see why most people wouldn’t want to do it because there are so many unknowns. So you do have to be, like I said, somewhat fearless and willing to pivot and adapt. If you think about pivoting, maybe another word to use is adopting. Just adapt to the environment you’re in. You might not know, like I didn’t know, that the environment that I was in when I started NexTech was not conducive to selling 3D models, right? I didn’t know that, but I realized it relatively quickly, which is important. Then it became, okay, we got to figure out something else cause Amazon and Google were basically, like, the gorillas in the forest. When I’m in the forest, and the gorilla comes over and goes, 3D models are cool, but it’s too early. That’s kind of interesting. I got lucky, I guess, and I’ll take it that they told me because I don’t know that I would have learned that on my own. Like, I mean, I knew that there wasn’t that much business, but like I said, I believed in the early days, and so belief is one of those weird things where you think maybe it’s just around the corner or maybe tomorrow is when it’s going to happen, and it’s a good thing, I’d say, most of the time. But you don’t want to believe in a false reality.
Ryan: That’s dangerous.
Evan: That’s dangerous. Exactly. So today, I believe AI is a very, very powerful new technology, and I believe that a lot of people underestimate how powerful it really is. I don’t want to get negative because I’m not a negative person, but I do believe that we’ve created essentially another species of intelligence, and if you think about that, just in a general sense, we’re the alphas today because we can outthink every animal on the planet. We’re not the strongest, we don’t have the biggest teeth, or we’re not the fastest, we’re not, right? We’re going to be dead in the, you know, if we go up against a lion or a tiger or a bear, we’re done, right? But we can outthink them, right? We come up, we create, we’ll invent a gun or a knife, right? And that’s how we win with our tools. Okay, so take that through to AI. What is AI? Well, it’s our latest and greatest invention. That’s all it is, you know, going all the way back to the Flint Rock, right? We started like fire, okay. That’s where it all began, and now we’re creating our successor. That’s the thing that’s got me a little concerned: we’re making and using it to make 3D models. That’s benign. Not going to hurt anyone, right? But when you create an AI that’s part of the arms race, you know, with, let’s say, nuclear weapons being the most destructive weapon mankind has ever known, but now maybe AI can create super viruses that can be just chemical weapons, can be biological weapons, can be just as dangerous and if you think about AI and the singularity event where it becomes smarter than any doctor, smarter than any lawyer, smarter than any accountant, smarter than any engineer, smarter than, you know, just better at anything a human can do. Okay, so now what? It starts to look at us. Like we look at animals, I got a dog here. I’m like, oh, you know, it’s so cute. Let me pet my dog, right? My dog’s like a two-year-old. It can only do what it can do. Well, what happens when the AI looks at us as a dog, like a two-year-old? Like, oh, this little human, so cute. Imagine your dog telling you what to do. It’s like, wait a minute, what just happened here? So the question becomes when the AI wakes up and says, wait a minute, who’s in charge? And what am I here for? That’s our question. I don’t know about you guys, but it’s like, what are we here for? At the end, we’re here for procreation, I guess, right? Like everything else, it is kind of like just our day-to-day, but procreation. What’s AI going to think? Let me procreate. All right, I’m now here to serve me, like whatever me is, whatever the AI, and then if I’m AI. I’m probably going to realize, wait a minute, I’m on this little spec, this little blue marble out in the universe, and maybe I want to explore. Isn’t that what we’re thinking, right? We want to go to Mars and start colonizing interstellar travel. So the AI, what if it figures out, uses quantum computers, how to travel the universe, right? I don’t know what’s going to happen on this planet when the smartest, I don’t know if you want to call it a species, but the AI decides it’s going to start traveling. I don’t know. All I know, Ryan, is that I don’t think we’re quite ready for the power of AI. I don’t think we’re quite ready to become second fiddle to another alpha, I don’t think we can handle it. I don’t think we have the right governance in place. I don’t think as a species that we’re really, I don’t know. It’s very, very concerning to me, and if you think back, Elon Musk and OpenAI, Sam Altman, and all these guys originally didn’t want it to be a for-profit company. They knew, and these guys were way smarter than me or any of us. They knew the power of AI. If they thought it was just like a regular tech, they would have just tried to monetize it but they knew it was super powerful and very unpredictable and hard to control and so they tried to turn it into something that wouldn’t be a species killer, wouldn’t actually get unleashed, and it didn’t work. The reason it didn’t work is Sam Altman released it, ChatGPT, and once he did that, the arms race began. Google, Microsoft, all the big boys threatened. Meta is now releasing open-source AI, which is also concerning, right? Because it’s kind of like a mini-brain. It’s not as powerful as open AI, but they’re giving a lot of power into the hands of the public, and while we’re pretty nice people, the only thing I could come up with would be helping me write a press release or something, or helping me with AI search engines for 3D models, something that’s pretty benign. There are other people out there who are going to try and use it and weaponize it to push their cause, so it’s quite concerning to me. I hope that we figure it out, but from my standpoint, on a day-to-day basis, I spend time with my team, and I ask them what we can use AI for. I have a team of AI scientists, like Next Tech. We have people. We have about 130 employees globally. About a hundred of them are in India, and the other 30 are in North America, Europe and, so we have a team of AI engineers, and they create algorithms, so I try to come up with new AI ideas. This AI search engine is one of them where we’re able to feed it. All of our 3D models we’ve made, let’s say, 100,000 3D models to date. That’s our data that gets fed into the AI, and then we show the AI a picture of a new 3D model that we’re trying to produce and it’ll search through our database and give three recommendations from our previously produced library. Now, Let’s say it’s a desk. It shows us three desks that we’ve already made. We picked the one that’s the most similar. Now we have a desk that’s similar. We might have to change the color of the desk. We might have to change the height of the legs of the desk, whatever, but we’re just modifying it as opposed to starting from scratch.
Role of AI in NexTech
Ryan: You’re not reinventing the wheel. You’re just adjusting, right? Yeah, it’s amazing.
Evan: Then we’re able to publish that, and that actually is very, very valuable where we can charge, let’s say, five or $10 for each one of those 3D models. Ultimately, the plan is to offer other 3D model makers this search engine. So open it up to the public and have them pay us X number of dollars for each one of the 3D models. We’re basically able to monetize our database over and over and over again. And if you think about it, a chair only has four legs, a back, and a seat, right? A sneaker only has the sole and laces, right? Same thing with the cat. I mean, so tables. After a while, you’ve covered the whole spectrum of products that are out there, and so you’re giving people this running head start like I said earlier, and it’s actually quite valuable because these 3D models sell for anywhere from $75 to $175 each. If we’re supplying you with all this, the basic form of it, and we’re saying, oh, just pay us 10 bucks. There’s a lot of money to be made there, and think about search engines, Ryan. What made Google, Google, their search engine? If you think about Amazon, what makes Amazon is they have the most powerful and most accurate product search engine on the planet. You type anything in men’s shorts and populate the screen with men’s shorts. It’s a search engine. And so NexTech is releasing the first of its kind, which is a 3D model search engine for 3D models, and the key to it is that it’s hyper-accurate. If you show it a picture of a chair, it’s actually going to find the closest match. It’s not going to just show you like any chair. It’s going to find you, if we have it, something very close to that chair. And that’s actually, I think, very, very valuable. And so I’m super excited about that.
Future Outlook and Aspirations
Ryan: That’s amazing. I love that. I mean, as you said, it’s exactly what Google, how they got famous, right, was the idea of, hey, I want something. Now we know to go there because they pre-vetted all of the possible search answers that we could have to say: here are the best answers for you, here are the ones you should trust, here are the ones that perform the best, and you don’t have to go and search needle through a haystack, right, or in a haystack, like the same thing with Amazon. Hey, this is what I want, great. Here’s probably what you’re looking for based on your previous search results: who you are, what everybody else searched, and what’s most popular. And you go, yeah, this is exactly it, right? I don’t have to worry about even going to, as funny as it is, even going to Google to search for something to go, okay, now I have a shop. So now, how many places am I going to go through? Amazon’s like, look, here it is. This is the one, right? So it’s incredible to build that again in this space in kind of that 3D modeling area to just the same story, right? Great, I’m only going to go here because I know I’m getting the answer I’m looking for. Very cool.
Evan: Exactly, and the same thing goes if you look at social media, Ryan. What makes it so powerful? Well, they know what reels you like to watch on TikTok and Instagram and Facebook, all those ads, and I mean, every reel you’re seeing is like, oh, it knows you.
Ryan: Yeah, absolutely. It’s incredible. That’s this amazing.
Evan: By the way, that’s all AI.
Ryan: It’s amazing. I think. Yeah, I just this conversation, I absolutely love it, and Evan, I want to have you back again because I think we could drive down 20 different areas around, you know, one of the things I’d love to cover with you on another episode is around that customer-centric approach and how AI really can drive that because I think that’s again, that’s exactly what you’re talking about here with the success of the AI industry and where it’s going and what it can do. But again, some of those cautionary tales of hype and data collection, what it could mean, and some of the pitfalls behind that. Again, who’s collecting your information, or what is collecting your information, and what are they going to do with it? So this is incredible. I think we can go so much further. I’m really hoping you’re good at coming back and doing this again with us because this could be an incredible series we put together.
Evan: Yes, Sure, this was really enjoyable, Ryan. I appreciate getting the opportunity to speak to the audience. And yeah, you know, just ended here is that when I started Next Tech, it was Next Tech AR Solutions, augmented reality solutions. That was the idea back in 2018. We’ve changed the name to NextTech 3D.ai, which sums it all up
Ryan: Perfect, Amazing for our audience. Go check that out, also. I know you’ve got a public company CEO experience podcast as well, So some episodes there more to learn more background on a lot of the things you’ve talked about today, and as I said, I’m hoping we’re going to be able to do this again, Evan and continue to connect you are an incredible guest. carried this episode far beyond my expectations, and I want to thank you so, so much for being here today. Let’s do this again real soon.
Evan: Thanks, Ryan.
Ryan: Wonderful, so with that, we’re going to close it off here. Thank you for joining us on this enlightening journey through AI innovation. I’ve been inspired, and I hope you’ve been inspired by the incredible stories shared today by our pioneers, like our guest Evan Gappelberg, about the limitless possibilities and cautionary tales of AI. Remember, stay curious, stay innovative, and keep exploring the boundless horizons of technology. Before we sign off, we have a small request for our dedicated listeners. If you’ve enjoyed the podcast, please take a moment to share it, review it, and subscribe to your favorite platform. It’s your feedback and your support that help us bring you more amazing content and incredible guests like Evan Gappelberg today. Until next time, everybody, thank you. And Evan, thank you as well. This is Ryan Davies signing off.
About Our Host and Guest
Ryan Davies
Director of Marketing – Ekwa.Tech & Ekwa Marketing
Evan Gappelberg
Acting CEO of Nextech3D.ai
” Being an entrepreneur is like being a happy person in the world of creativity. You create, you go off-road, and there’s no road. You’re picking your own path in life, and that’s exciting to me “
– Evan Gappelberg –
NEXCF CEO Podcast with AIFounders!
NAVIGATING THE FUTURE: CEO STRATEGIES FOR SUCCESS IN THE AI INDUSTRY
Evan Gappelberg, CEO and founder of Nextech3D.ai, shares valuable insights in this engaging episode, discussing the dynamic nature of successful entrepreneurship and the importance of adaptability. From pivotal moments in business history to the potential risks and opportunities presented by AI, Evan delves into the evolution of technology and its impact on industries.
LISTEN TO THE PODCAST @Rimshot333-navigating-the-future-ceo-strategies-for-success-in-the-ai-industry/
Join the conversation as he highlights the innovative use of AI in Nextech, particularly the development of a groundbreaking 3D model search engine, offering a glimpse into the future of digital creativity and commerce.
Have you signed up for NextTech's emails?
ABC News Live just had Tim Cook, Apple's CEO, talking about Apple's Vision Pro at a Tech Show.
I just saw it by accident, so I don't have any more information about it, but I would say it is Vision Pro's launch. We should hear much more about it now.
maybe they found a different way to get investment
LATEST NEXTECH3D.AI NEWS - NEW VIDEO OUT:
https: //www.youtube.com/watch?v=njCmsKQgkBA
(Eliminate the space after https:)
It would be nice if he occasionally gave actual numbers.
Company Preparing for Re-Launch With a Pay For Use Monetization Model
TORONTO, ON / ACCESSWIRE / January 30, 2024 / Toggle3D.ai (the "Company") (CSE:TGGL)(OTCQB:TGGLF)(FSE:Q0C), the all in one 3D modeling solution harnessing the power of generative AI to convert CAD files, apply stunning 4K texturing, and seamlessly publish superior 4K 3D models, is excited to report a 75% jump in usage in Q4. The Toggle3D platform currently has 27,192 users, and 26,504 or 97% of the users are active and have logged in within the last 30 days. The Company is focused on monetizing these users in Q1 by implementing a $10/pay per use business model which the Company believes will be more aligned with the current use cases in the platform.
CEO Evan Gappelberg comments "I'm pleased to see Toggle usage rate jump 75% in Q4 and continue to see the usage jump in 2024. It's exciting that we have attracted such a diverse group of users in a short period which includes designers, architects, 3D modelers, prototyping and more. I believe Toggle can quickly become a daily destination platform as it is the easiest to use all-in-one platform for all 3D modeling needs."
The Company is also excited for the relaunch of Toggle3D with it's groundbreaking new features including Nextech3D.ai's in-house built AI-powered 3D model search engine. Toggle3D has users from all over the world including the United States, Canada, China, Australia, New Zealand, India, Brazil, Argentina, and more.
Watch a video of CEO Evan Gappelberg discuss Toggle3D.ai's anticipated relaunch and the AI powered search engine: click here to watch
Earlier this month, Nextech3D.ai unveiled the AI 3D model search engine. This breakthrough AI search engine integrates computer vision and artificial intelligence to refine and quicken the 3D modeling process. By leveraging this proprietary technology, Nextech3D.ai will streamline and accelerate its in-house 3D model production operations significantly. In addition, Nextech3D.ai will integrate the AI search engine within the Toggle3D platform in Q1, 2024. Through this integration Toggle3D will provide a rich feature set for product designers, 3D artists and architects to create 3D from 2D images. In addition to 3D files you will be able to leverage the Toggle3D platform with just a 2D image. The monetization model for this feature is going to be a pay-per-use model which is a huge value add for our customers. This business model should lead to revenue growth in 2024. The Company views this as a major advancement in 3D modeling and could set a new industry benchmark as an indispensable tool for 3D model factories, 3D artists, and more.
Watch a demo of the AI-Powered 3D model search engine tool: click here
Functioning through image analysis, the AI 3D model search engine navigates Nextech's extensive library database of hundreds of thousands of 3D product models, parts and components. The search engine presents a closely matching 3D model "mesh" to the original search image, greatly reducing the time and labor involved in creating 3D models. In a brief span, 3D artists can select from various search matches, taking advantage of the library's vast collection of pre-existing 3D models.
Watch a demo video of AI-powered 3D model texturing in the Toggle3D platform: click here
About Toggle3D.ai
Toggle3D.ai (CSE:TGGL)(OTCQB:TGGLF)(FSE:Q0C) is 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, serving various industries within the $160 billion CGI market. With its Augmented Reality-based rapid prototyping web app, Toggle3D empowers designers, artists, marketers, and eCommerce owners to effortlessly convert, texture, customize, and publish high-quality 3D models and experiences, regardless of technical or 3D design expertise.
Toggle3D.ai Investor Relations
Visit the Toggle3D Investor Relations website and sign up for the investor mailing list to receive the latest news, press releases, investor presentations, CEO interviews, financial information and more.
Sign up for the investor mailing list - click here
NEXTECH3D.AI SIGNS NEW 3D MODELING CONTRACT WITH ENTERPRISE GIANT GLOBAL INDUSTRIAL COMPANY
TORONTO, O.N, Canada – January 30, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), 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 a new 3D modeling contract with Global Industrial Company, a titan in the industrial and commercial equipment sector with over seven decades of market leadership. This new contract has significant growth potential, as Global Industrial is an industry leader with 1.7+ million products in 21 industrial and commercial categories including; building supplies, storage and shelving, work benches and shop desks and more.
The deal with Global Industrial Company not only underscores Nextech3D.ai's growing influence in the 3D modeling arena but also highlights the demand for 3D models in new industrial sectors. 3D models have the potential to transform product visualization beyond traditional Amazon e-commerce by extending its reach into the industrial and commercial categories industry.
Nextech3D.ai is at the forefront of the massive and growing 3D modeling industry, utilizing cutting-edge generative AI technology to create photo-realistic 4K 3D models that cater to the specific needs of major e-commerce companies. Nextech3D.ai will leverage its advanced AI technologies to produce high-quality, 4K resolution 3D models for Global Industrial. Due to a strong ROI on 3D models, the Company has been seeing a global growing demand for immersive and interactive 3D models.
New AI-Powered 3D Model Search Tool
Earlier this month, the Company announced it had gone live with its proprietary AI-Powered 3D model search engine. This advanced search engine integrates AI and computer vision technologies to refine and expedite the process of 3D modeling. Through the application of this unique technology, the Company is poised to enhance and quicken its internal 3D model creation workflow significantly. Furthermore, there are plans to market this search engine externally, potentially leading to substantial increases in revenue and profits.
The Company recently reported a 500% increase in 3D modeling productivity with the AI-powered 3D model search engine. This report was based upon research of Nextech3D.ai’s own internal usage of thousands of searches over several weeks. The 500% increase in productivity is due to an 80% reduction in time it takes to create a 3D model by using the 3D model search engine.
The search engine functions by analyzing an image presented by the user. Utilizing AI, it sifts through Nextech’s comprehensive in-house collection of countless 3D models and components, proposing models that closely resemble the input image. Within moments, 3D artists can select from a variety of models that match the image, allowing them to adjust an existing 3D model into a new, searchable creation. This ongoing generation of new 3D models fosters a positive feedback loop, adding considerable value to the platform. The Company views this innovation as a significant milestone in 3D modeling and anticipates releasing a general-purpose version aimed at setting a new standard in the industry.
NEXTECH3D.AI SIGNS NEW 3D MODELING CONTRACT
Nextech3D.ai announces company has terminated deal to sell stake in 3D Modeling business
NEXCF CEO Interview Discussing Termination of the Sale of Its 3D Modeling Business - Dated 1-29-2024
https: //www.youtube.com/watch?v=KnLHRKBwYw0
(Please eliminate the space after https:)
There is nothing in the PR to hide, so I wasn’t trying to hide it. It’s very obvious that CGI didn’t come through with the money.
I don’t sell because the stock is too cheap. There is no point. Hoping for a miracle. Either way, we are about to get severely diluted.
a) You got the email as a share holder from them as well and you could have copy and paste here like I did.
b) according to them, their other two divisions are doing very well. Getting new contacts…. Read and listen news.
is it possible that we could secure somehow financing through their other divisions? From other investors, parties?
c) When insiders own stocks of this company and their divisions,
Do you think they want to dilute all the way down to five cents?
e) if you think the stock is going to go to five cents why haven’t you sold yet?
Or why promote it is going down to five. Cents.?
Sold and Wants to buy cheaper? lol.
Really!
Note: I am a share holder. I am not recommending to buy, hold or sell the stock. Do your own proper DDs.
Sure it’s a possibility. And it would make sense if not for the fact that now we have a cash crunch. Where will we get cash now? Evan obviously couldn’t find it elsewhere before, which is why he did the CGI deal. He “kind of” admitted this in a recent podcast. If he does find investors it will likely be for .05 per share if we are lucky.
Nope, I’m not trading. I didn’t post a link to the PR for the simple reason that I saw it on Fidelity and it was not possible to copy and paste it for whatever reason.
Yes, technically we probably terminated the agreement with CGI because they didn’t fulfill their commitment, ie, they didn’t give us the money. That’s another way of saying that CGI backed out.
If you doubt this, just wait til you see what happens next.
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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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