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Nextech3D.ai Signs New 3D Modeling Contract with Top Luxury Furniture Company Kabbani Furniture
By Nextech3D.ai on Oct 26, 2023 7:35:00 AM
TORONTO, O.N, Canada – October 26, 2023 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce it has signed an enterprise 3D modeling contract with Kabbani Funiture, a major furniture retailer in Egypt. With 4 main branches, 18 Sub-branches, 7 factories, and over 2000 employees in 7 different governorates, Kabbani Furniture is considered the number 1 furniture seller and manufacturer in Egypt.
Kabbani Furniture’s initial purchase order is for 500 3D models, which represents a small fraction of total SKU’s. This deal also represents a significant growth opportunity, with the potential to grow with Kabbani’s large network of retailers.
Nextech3D.AI is at the forefront of the growing 3D modeling industry. With its cutting edge generative-AI technology, the Company is able to create photo-realistic 4K 3D models that cater to the specific needs of major e-commerce giants including Amazon and others.
The following was in the "CIO Review, The Navigator for Enterprise Solutions."
In the realm of 3D modeling, Nextech has gained a distinct competitive advantage in this $100 billion emerging mega-trend by harnessing the power of AI - Evan Gappelberg.
https://www.nextechar.com/hubfs/_Investors%20relations/CIOREVIEW.pdf?utm_campaign=nextech-ir&utm_source=email&utm_medium=link-CIOReview-top-ai-provider&utm_content=ir-newsletter
One year chart:
https://stockcharts.com/h-sc/ui
AR Games create sponsorship opportunities, enhance attendee engagement and create memorable moments at events
TORONTO, O.N, Canada – October 17, 2023 - Nextech3D.AI (OTCQX: NEXCF)
(CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce that augmented reality games are now available in the Company’s newly launched Augmented Reality Powered Mobile Event App for trade shows and event organizers. This app will feature 10 out-of-the-box AR games, creating sponsorship opportunities for event organizers and show managers, while enhancing attendee engagement and creating memorable moments at events.
Watch a video showcasing various augmented reality games through ARway:
sunspotter, please post your proof to back up your comments on this public web site.
This is what you posted.
If you can't prove it, don't say it.
NEXTECH3D.AI INVESTOR UPDATE, Oct 13, 2023
Dear Valued Investor,
Last week we sent out the inaugural edition of Nextech3D.ai Investor Newsletter! In case you missed it, please see our first edition here:
https://mailchi.mp/d21d0470472b/press-release-email-template-5913808
ARitize 3D
We’re excited to share the latest insights from our blog post, "Unlocking the Advantages of 3D in Web Design". The world of web design is evolving rapidly, and the integration of three-dimensional (3D) elements is proving to be a game-changer. Our blog post explores how 3D elements in web design not only enhance visual appeal but also boost user engagement. From incorporating 3D objects and creating illusory depth to using shadows and lighting for a more lifelike effect, we’re pushing the boundaries of what’s possible.
map D
The event management and engagement landscape is in a phase of dynamic innovation and expansion. A recent report from Event Industry News suggests that the event tech industry will reach a staggering valuation of $30 billion by the year 2025. This upward trajectory is not merely fueled by the digital shift but by the increasing importance of creating memorable, engaging, and seamless experiences for attendees, both online and offline.
Map D is strategically poised to tap into this momentum. Our distinguishing factor lies in our seamless integration of gamification into event experiences. As the industry evolves, this feature ensures participants remain engaged, and event hosts can derive maximum value from their events. As more businesses recognize the value of interactive and rewarding event experiences, Map D's gamified approach positions us as a leading contender in this expanding market.
As we continue our journey, we're committed to further enhancing the capabilities of our platform, always with our clients' evolving needs in mind. Stay tuned to this section for further insights and to witness how Map D is revolutionizing the realm of event management and engagement.
Gamification has become a game-changer in enhancing event engagement. Here’s why the event industry is buzzing about gamification for events, tradeshows, and exhibits:
• Enhanced Engagement
• Memorable Experiences
• Increased Learning and Retention
• Networking and Community Building
• Data Collection and Insights
• Brand Differentiation
• Boosted Return on Investment (ROI)
Gamification is not just a trend but a substantial shift in how events are designed and experienced. By integrating gamification, Map D is at the forefront of delivering innovative, engaging, and value-driven event experiences, positioning us as a leading contender in the burgeoning event tech market. Our gamified approach resonates with modern attendees' expectations and provides a compelling proposition for our investors to be part of this exciting journey.
Nextech3D.ai Launches Revolutionary Augmented Reality Wayfinding Mobile App For Trade Shows and Event Organizers
ARway and MapD Join Forces to Disrupt $50 Billion Trade Show Industry
TORONTO, O.N, Canada – October 12, 2023 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is proud to announce a major milestone in the evolution of AR-powered event experiences. The Company's MapD business unit has integrated and launched its indoor navigation capabilities with ARway.ai’s technology, opening up exciting new opportunities for event organizers. This integration sets the stage for events to now monetize the airspace with AR sponsorships and offer 3D /AR mobile games and other immersive experiences for events like never before.
The integration between MapD and ARway.ai introduces a groundbreaking Augmented Reality Powered Event Mobile App. This technology unlocks a new revenue channel for event organizers through AR experiences available exclusively via the event mobile app. Event organizers can enjoy white glove deployment and sponsorship sales services, as well as a first-of-its-kind AR navigation experience at trade shows.
ARway.ai is one of Nextech3D.ai’s spin-out companies (CSE: ARWY) (OTCQB: ARWYF) (FSE: E65), and is a spatial computing platform powered by artificial intelligence (AI) providing an array of augmented reality (AR) experiences for indoor spaces. ARway's breakthrough no-code no-beacon IPNN allows for the easy creation of navigation, tours, information sharing, notifications, advertising and gamification.
Evan Gappelberg, CEO of Nextech3D.ai/ARway.ai commented, "The MapD integration with ARway.ai is very exciting for the entire event industry. This collaboration represents our commitment to pushing the boundaries of AR technology and delivering innovative solutions. The executive MapD team and I recognize the tremendous potential and timing in bringing ARway's augmented reality trade show navigation system to the market. With a first mover advantage, we are poised to revolutionize the industry by providing an unparalleled navigation experience for attendees and exhibitors. This is a win-win for both MapD and ARway.ai.”
Key features of the MapD - Augmented Reality Powered Event Mobile App include:
Exclusive AR Experiences: Event attendees will enjoy exclusive AR experiences available only through the event mobile app, setting a new standard for event engagement.
White Glove Deployment: Event organizers will benefit from professional deployment and sponsorship sales services, ensuring a seamless and profitable experience.
First-in-Kind AR Navigation: The app offers unparalleled AR navigation experiences within trade shows, allowing attendees to navigate and explore with ease.
Seamless Integration with MapD Features: Interactive Floor Plans, Exhibitor, Speaker, Sponsor, and Scheduling modules are integrated into a one-stop-shop platform, simplifying event app setup and AR experience publication.
Enhanced Brand Exposure: Exhibitors, sponsors, and advertisers can elevate their presence by positioning their brand within the event space. This opens opportunities to drive visitors to booths and captivate them with AR-enhanced displays such as brochures, videos, hotspots, 3D models, and AR games.
This integration of MapD and ARway.ai will not only enhance the quality of event experiences but also create a powerful revenue stream for event organizers, making it an exciting prospect for investors. The ability to stand out in a crowded event landscape and provide memorable interactions for attendees will undoubtedly drive greater success and value for all stakeholders.
About MapD
MapD is an Event Solutions Platform and one of 4 key business units under the Nextech3D.ai umbrella. Map D includes the following components:
Interactive Floor Plan: The Map D interactive floor plan is a powerful tool for tradeshows, festivals, and conferences. With information-rich profiles, it's easy to build out a marketplace of participating vendors and connect them to attendees, sessions, speakers, and more. The floor plan is easy to navigate, search, and bookmark, making it an essential tool for any event with a vendor marketplace
Booth Sales: Conference organizers can sell booth space to exhibitors with customizable gateway and checkout scenarios. The product allows clients to view the real-time availability of booths and their sales status. It allows exhibitors to reserve a booth or pay for it using a credit card directly from the floorplan.
Mobile App: The app combines the current MapD event management solutions technology with ARway, the AI-powered Augmented Reality Navigation platform with a disruptive no-code, no-beacon spatial computing solution, creating an industry-first augmented reality / artificial intelligence combined solution for event management providers and bringing Augmented Reality to live, in-person conferences and trade shows.
What Would The SAFER Banking Act Mean for the Marijuana Industry?
Dario Sabaghi - Contributor
The marijuana industry in the United States writes a new chapter of its history with the vote of the Senate Committee on the bill that would secure access for businesses to financial institutions.
The Senate Committee passed The Secure and Fair Enforcement Regulation Banking Act with a 14-9 vote on Wednesday, September 27, after weeks of negotiations and revisions to reach a bipartisan agreement.
The SAFER Banking Act replaces the Secure and Fair Enforcement (SAFE) Act, a bill that has never reached consensus in the Senate. It's not a coincidence that this time the introduction of the SAFER Banking Act started its journey in the Senate.
The revised text keeps the core of the SAFE Banking Act, which aims to ease the access for marijuana businesses to deposit accounts, insurance, and other financial services.
However, it comes with minor amendments, especially regarding the language used in the proposal, resulting from negotiations between Democrats and Republicans, the latter of whom obstructed the SAFE Banking Act in the last few years.
The vote of the Senate Committee has been welcomed positively by marijuana stakeholders, as it represents a step forward for consolidating the industry in terms of legislation, as marijuana is still federally illegal.
Tim Barash, CEO of Dutchie, an all-in-one technology platform powering the cannabis industry with point of sale, e-commerce, payments, and insurance, explained that the SAFER Banking Act would help the company accelerate offerings and consistently support our customers, thousands of dispensaries across the country, as they operate through "the next leg of industry growth."
"Easier access to capital, banking services, and payment methods will be a big benefit to the entire industry," he said.
After the Senate vote, the stock prices of some U.S.-listed cannabis companies initially went up but, for the most part, dropped later.
Matt Karnes, founder of Greenwave Advisors, explained that event-driven share gains are typically followed by a "sell on the news" phenomenon. Additionally, these fluctuations may be influenced by macro-driven factors, which may not necessarily be related to marijuana.
Although Karnes recognizes that the big push for the marijuana industry would be the reclassification of marijuana at the federal level, he acknowledges that the SAFER Banking Act would remove operational risk for marijuana businesses, given the enormous cash floating around.
"With lower risk, that would translate into a higher valuation. But I think another big component of the benefit is that the SAFER Banking Act will also be providing another source of capital for many small businesses that have been disproportionately disadvantaged by the Covid-19 pandemic. The Small Business Administration provided a lot of low-interest loans to many businesses, but small marijuana businesses were disqualified from that, advantaging the big players of the industry," he said.
Peter Su, director of specialty banking for Hanover Bank, who doesn't represent the views of the company on this matter, said that when the SAFE Banking Act was first introduced years ago, the idea of federal legalization was far apart.
"The practical impact of the SAFER Banking Act today is probably not very much as hundreds of financial institutions are already banking marijuana business. It took so long to get here. It was probably groundbreaking ten years ago. But today, its practical impact is heavily minimized," he said.
However, if the SAFER Banking Act becomes law, the options for marijuana businesses to access financial institutions will be more comprehensive.
Su argues that the SAFER Banking Act plays a crucial role in tackling the obstacles that marijuana businesses encounter, such as underbanking and challenges concerning capability, capacity, and expenses. Nevertheless, many of these businesses operate with slim profit margins.
In this context, reclassifying marijuana could provide tax relief to these businesses by enabling them to utilize Section 280E of the Internal Revenue Code, which prohibits businesses dealing with Schedule I or II controlled substances, including marijuana, from claiming tax deductions or credits. A reclassification to Schedule III would alter this situation, benefiting marijuana companies.
Barash thinks that the SAFER Banking Act should "lead to further legislation down the road," able to ensure safe and unrestricted access to legal cannabis for all Americans aged 21 and older, similar to the regulations governing alcohol, in order to end the incarceration of individuals for non-violent marijuana offenses.
"The cannabis industry needs the SAFER Banking Act today as part of an ongoing process to right the wrongs of the last few decades of failed cannabis policy," he said.
The journey of the SAFER Banking Act may have a positive outcome. Karnes thinks there is s more bipartisan support for this bill this time. Furthermore, he highlights that the U.S. is at a point where almost half of the states have legalized marijuana, and more are expected to regulate it soon.
"This puts us over the majority in terms of the number of states. So I think just the mere fact that legalization has so much public support that it just seems to me that this is the right time," he said.
The SAFER Banking Act will now continue its journey to the House, which passed earlier versions of the SAFE Banking Act several times in the last few years.
However, a government shutdown could potentially slow down progress, especially if it's lengthy, affecting the timeline for passing the SAFER Banking Act and other pending legislation.
https://www.forbes.com/sites/dariosabaghi/2023/09/29/what-would-the-safer-banking-act-mean-for-the-marijuana-industry/?sh=41fba451338c
SeaStar Medical to Present at the Dawson James Small Cap Growth Conference on October 12, 2023
October 05 2023 - 08:30AM
SeaStar Medical Holding Corporation (Nasdaq: ICU), a medical device company developing proprietary solutions to reduce the consequences of hyperinflammation on vital organs, announces that Eric Schlorff, CEO, will present a company overview at the 8th Annual Dawson James Small Cap Growth Conference on Thursday, October 12 at 2:30 p.m. Eastern time (11:30 a.m. Pacific time). The conference is being held at the Wyndham Grand Harborside Hotel in Jupiter, Fla.
“We are excited to share two very recent transformational regulatory development at this conference,” said Eric Schlorff, SeaStar Medical CEO. “The FDA has informed us to expect an Approvable Letter within a month for use of our Selective Cytopheretic Device (SCD) Pediatric in critically ill children with acute kidney injury and sepsis or septic conditions, providing us with clear path toward the first market approval for our patented cell-directed extracorporeal therapy. We also received Breakthrough Device Designation for the SCD in cardiorenal syndrome, which is among the additional indications in which we believe dysregulating the immune processes could provide significant benefit.”
A live webcast of the conference presentation will be available on the Events & Presentations page of the Company's website. A replay of the webcast will be available for 90 days.
About SeaStar Medical
SeaStar Medical is a medical technology company that is redefining how extracorporeal therapies may reduce the consequences of excessive inflammation on vital organs. SeaStar Medical’s novel technologies rely on science and innovation to provide life-saving solutions to critically ill patients. The Company is developing and commercializing cell-directed extracorporeal therapies that target the effector cells that drive systemic inflammation, causing direct tissue damage and secreting a range of pro-inflammatory cytokines that initiate and propagate imbalanced immune responses. For more information visit https://seastarmedical.com/ or visit us on LinkedIn or Twitter.
https://ih.advfn.com/stock-market/NASDAQ/seastar-medical-ICU/stock-news/92206375/seastar-medical-to-present-at-the-dawson-james-sma
The following is a news clip for Amazon, which should be relevant, since Amazon is a major customer of NexTech.
I found a video that I haven't seen before. In the video Evan Gappelberg, CEO, and Reza Davariar, COO, discuss NexTech's future with Amazon. The video is 54 minutes long, but I thought it was worth watching. I hope everyone likes it.
From Instagram to High Times: Unpacking the Power of Vast User Networks
September 19 2023 - 08:45AM
Apple Inc. (NASDAQ: AAPL) designs, manufactures, and markets smartphones, tablets, personal computers and wearable devices. The company offers software applications and related services, accessories, and third-party digital content. Apple's product portfolio includes iPhone, iPad, Mac, iPod, Apple Watch and Apple TV. Earlier this year, the company acquired Mira, a Los Angeles-based AR startup that makes headsets for other companies as well as the U.S. military. Apple typically doesn't discuss acquisitions, but it did confirm the acquisition and issued the statement it traditionally provides when buying a company: "Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans."
https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/92074974/from-instagram-to-high-times-unpacking-the-power
Thanks Marty, I will be looking forward to the fifth NEXCF podcast.
MartyFromYahoo, episode 4 of Evan's podcast doesn't appear to be working. Would you mind setting it back up, so I can watch it?
It looks like $.24 is a good support level. Do you agree? Happy investing in NEXCF.
Since we haven't heard from Evan Gappelberg - CEO of Nextech, in a month or so, I found it interesting to go back and reread his commentary:
TORONTO, O.N, Canada -- August 1, 2023 -- InvestorsHub NewsWire -- Nextech3D.AI (formerly "Nextech AR Solutions Corp'' or the "Company") (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce its preliminary unaudited financial and operating results for its second quarter ended June 30, 2023.
Preliminary Q2 2023 Financial Highlights:
Revenue for Q2 2023 was $1.4 million, up +155% compared to 2022;
Revenue for 6-months ending June 30th, was $2.7 million up +157% compared to 2022;
Gross profit remained consistent at 38%, contributing $1.1 million and $0.5 million year to date and for Q2, respectively;
Gross margin is expected to increase to 40-50% next quarter, and increase in Q4 and 2024 as its AI takes over
Evan Gappelberg - CEO Commentary:
Nextech3D.ai CEO Evan Gappelberg comments" Our preliminary results for Q2 were impressive, as we achieved record sales of $1.4 million. However, what excites me even more is the exciting growth we are witnessing in our Q3 and Q4 orders. Based on the current order flow from Amazon, we are projecting a breakout Q3 quarter with revenue of at least $1.7 million, and we also anticipate an expansion in profit margins. He Continues " We believe there is potential for the revenue to exceed $1.7 million as that is our conservative estimate for Q3. This quarter is expected to be the long-awaited turning point for our company. This belief is reinforced by the recent announcement of a significant expansion contract worth $2.2 million from Nextech3D.ai's largest customer, Amazon. This contract highlights the success of Nextech3D.ai's groundbreaking generative-AI technology, positioning the company as the leading AI solution globally for scaling 3D model production in the thriving e-commerce, gaming, and manufacturing industries. Furthermore, thanks to our latest funding round, our cash position is now robust enough to accommodate the increased demand we anticipate in the second half of 2023 and beyond."
It will be interesting to see how close we come to Evan's projection.
https://ih.advfn.com/stock-market/USOTC/nextech-ar-solutions-qx-NEXCF/stock-news/91698189/nextech3d-ai-reports-record-preliminary-q2-revenue
Wall Street Corporate Highlights for Today:
Apple (NASDAQ:AAPL) – Apple has announced an event for September 12 where it is expected to launch new iPhones and smartwatches.
Monday’s Wall Street Highlights:
Wall Street Corporate Highlights for Today
Apple (NASDAQ:AAPL) – Apple plans to revitalize the tablet market with a redesigned iPad Pro for next year amid declining tablet sales. The iPhone 15 and Apple Watch event is scheduled for September 12th. The company is also gearing up for the release of iOS 17. Last quarter, iPad sales slumped, facing competition from improved Macs and phones with bigger screens. A new Magic Keyboard for the iPad Pro is also in development.
https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/91906211/monday-s-wall-street-highlights-jabil-xpeng-3m
Nextech3D.ai, your megaverse company
We are excited to introduce you to the new Nextech!
Nextech3D.ai, where we bring you the latest advancements in our suite of 3D and AR solutions. At Nextech3D.ai, we've been hard at work, and we believe our enhanced offerings will resonate with your interests.
Aritize3D: Dive into the realm of 3D and Augmented Reality. ARitize3D is our AI-powered platform designed to empower businesses to create captivating 3D and AR content seamlessly. Enhance your e-commerce experience and stand out with immersive visuals. Discover ARitize3D.
ARway: Navigate the future with precision. ARway is our Augmented Reality Experience Platform, offering robust AR navigation and immersive experiences. From indoor wayfinding to curated AR tours, redefine user interactions with spaces. Explore ARway.
Map D: Elevate your event experiences. Map D is our interactive event management tool, ensuring your events, whether virtual, in-person, or hybrid, are memorable. Engage attendees, promote sponsors, and offer a seamless event experience. Learn More about Map D.
Toggle3D: Unleash your design potential. Toggle3D is your free go-to web-based design studio for creating, customizing, and publishing in 3D. From CAD conversions to real-time 3D design with WebAR, Toggle3D is your comprehensive design solution. Dive into Toggle3D.
Let us know how we can revolutionize your business. Reply to this email or request more information on the websites provided.
Warm regards,
Justin Weaver
Sales, Operations & Marketing Manager
Nextech3D.ai
https://mail.google.com/mail/u/0/?shva=1#inbox/FMfcgzGtwqHXtzlZNTblGmnqPRHqdLzl
According to Charles Schwab, the trade for $1.36 was a Market Marker trade, before the market opened, rather than a Retail Trader trade.
Today's news clip:
"Apple (NASDAQ:AAPL) – Apple will start production of the iPhone 15 in Tamil Nadu, diversifying its manufacturing outside of China. Seeking to speed up deliveries, the company reduced the difference between Indian and Chinese operations. In addition to Foxconn, Pegatron and Wistron will also assemble the iPhone 15 in India. Apple expands its presence in India, benefiting from government incentives and sees a growing market."
https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/91831389/wednesday-s-wall-street-highlights-intel-vinfas
Do you have backup information regarding the $4 share price? I didn't think it was that high. TIA
Nextech3D.ai Reports Record Preliminary Q2 Revenue Up +155% To $1.4Mill & Guides Towards Breakout Q3 Revenue +200% of $1.7Mill - $1.9Mill Amid Surging 3D Model Demand - August 01 2023 - 07:04AM
Generative AI Positions Company for Breakout Revenue Growth in 2023
Generative AI Driving Exponential Growth for Web3.0 Portfolio of Technologies for Ecommerce
AI is Enabling Scaling of 3D Model Production
Join Proactive News & CEO Evan Gappelberg for an Investor Livestream TODAY at 12 p.m ET / 9 a.m PT
TORONTO, O.N, Canada -- August 1, 2023 -- InvestorsHub NewsWire -- Nextech3D.AI (formerly "Nextech AR Solutions Corp'' or the "Company") (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce its preliminary unaudited financial and operating results for its second quarter ended June 30, 2023.
Preliminary Q2 2023 Financial Highlights:
Revenue for Q2 2023 was $1.4 million, up +155% compared to 2022;
Revenue for 6-months ending June 30th, was $2.7 million up +157% compared to 2022;
Gross profit remained consistent at 38%, contributing $1.1 million and $0.5 million year to date and for Q2, respectively;
Gross margin is expected to increase to 40-50% next quarter, and increase in Q4 and 2024 as its AI takes over.
Evan Gappelberg - CEO Commentary:
Nextech3D.ai CEO Evan Gappelberg comments" Our preliminary results for Q2 were impressive, as we achieved record sales of $1.4 million. However, what excites me even more is the exciting growth we are witnessing in our Q3 and Q4 orders. Based on the current order flow from Amazon, we are projecting a breakout Q3 quarter with revenue of at least $1.7 million, and we also anticipate an expansion in profit margins. He Continues " We believe there is potential for the revenue to exceed $1.7 million as that is our conservative estimate for Q3. This quarter is expected to be the long-awaited turning point for our company. This belief is reinforced by the recent announcement of a significant expansion contract worth $2.2 million from Nextech3D.ai's largest customer, Amazon. This contract highlights the success of Nextech3D.ai's groundbreaking generative-AI technology, positioning the company as the leading AI solution globally for scaling 3D model production in the thriving e-commerce, gaming, and manufacturing industries. Furthermore, thanks to our latest funding round, our cash position is now robust enough to accommodate the increased demand we anticipate in the second half of 2023 and beyond."
Investor Livestream
JOIN US: Today, Tuesday, August 1st, 2023
TOPIC: Amazon Partnership Part II
Time: 12:00 p.m ET / 9:00 a.m PT
Presenters: Evan Gappelberg (Founder and CEO), and Reza Davariar (COO)
Link to join:
Evan Gappelberg, CEO of NexTech AR Solutions Corp, release a fourth Podcast on July 26, 2023. In it, Mr. Gappelberg explains Generative Artificial Intelligence and where it may go in the next five years. I found it interesting and hope you do also.
https://www.nextechar.com/investors/the-ceo-experience
Nextech3D.ai Announces $2.2 Million Expansion Contract from Its Largest Enterprise Customer Driving A Surge In 3D-Modeling Demand in Q3.
Sales Rapidly Rise as Company Pushes Towards Going Cash Flow Positive - July 27, 2023 - 08:00AM
Toronto, ON, Canada -- July 27, 2023 -- InvestorsHub NewsWire -- Nextech3D.AI (formerly Nextech AR Solutions Corp) (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a leading Generative AI-Powered 3D modeling supplier for major e-commerce brands such as Amazon, P&G, Kohls, and Dyson, has announced a significant increase in demand from its largest customer - Amazon. These new 3D model orders amount to $2.2 million in additional revenue. Moreover, the Company's profit margins are expanding significantly, primarily attributed to its groundbreaking generative AI technology driven productivity enhancements. As a result, the Company is now rapidly progressing towards achieving positive cash flow.
This new expansion contract from Amazon highlights Nextech's breakthrough Generative AI technology, which positions Nextech3D.ai as the globally dominant AI solution for scaling the production of 3D models in the booming e-commerce industry, gaming and manufacturing.
Evan Gappelberg, CEO of Nextech3D.ai commented, "Due to our experienced team and our AI's ability to scale to meet and even exceed the very strict 3D model requirements of Amazon, they have expanded and dramatically increased volumes resulting in a significant surge in 3D model demand from Amazon starting in Q3, 2023." He continued,
"As we move into the 2nd half of 2023 and beyond, the shift from 2D photos to 3D models in e-commerce and various industries is rapidly gaining momentum and becoming the standard for commerce. This kind of transformation has occurred throughout history, with some companies reaping significant rewards while others face challenges. Just as digital pictures replaced Kodak film in the 1990s, today, in the 2020s, 3D models are replacing digital pictures in commerce. Today about 12-Trillion digital pictures exist globally. Our latest news is welcome for our shareholders, as we are positioning ourselves with this latest $2.5mill capital raise in anticipation of exponential growth in demand and revenue from the millions of Amazon merchants that have yet to purchase 3D models from Nextech. Having been a supplier for the past 12 months and delivering over 25,000+ 3D models to Amazon, the largest ecommerce site, positions us at the forefront of this cutting-edge technological revolution, we are focused on profitability and enthusiastic about driving innovation in the 3D modeling industry."
With expansion beyond e-commerce into gaming and manufacturing, Nextech3D.ai offers investors a unique opportunity to be part of a company driving AI-powered innovation in the lucrative 3D modeling sector.
Furthermore, Nextech3D.ai's Generative AI technology has led to significant profit margin expansion, contributing to the Company's progress towards achieving positive cash flow. The Company recently filed a provisional patent titled "Generative AI for 3D Model Creation from 2D Photos using Stable Diffusion with Deformable Template Conditioning," which builds on a previous patent filed in November 2022. This groundbreaking AI technology sets Nextech3D.ai apart as a leader in the 3D modeling for e-commerce industry..
Nextech3D.ai has been amassing a vast library of 3D models, composed of individual parts, and is expanding this library to eventually hold millions of unique parts. This expansive parts library enables rapid 3D model creation by searching, assembling, and utilizing the existing parts, significantly reducing creation time and fueling further innovation in the industry.
The following was posted on Arway's thread:
ARway.ai Secures $500,000 Annual License Agreement For its Augmented Reality Spatial Computing Navigation Platform - Jul 20, 2023
TORONTO, O.N, Canada – July 20 , 2023 - ARway.ai ("ARway" or the "Company") (CSE: ARWY), (OTC: ARWYF) (FSE: E65), the leading provider of an innovative Augmented Reality Experience platform, is proud to announce a groundbreaking partnership with Map D, a well-established event technology company wholly owned by Nextech3D.ai (OTCQX: NEXCF / CSE:NTAR). This strategic collaboration aims to disrupt the lucrative trade show industry, valued at $50 billion, through the introduction of ARway's cutting-edge augmented reality indoor navigation system.
ARway.ai's spatial computing navigation platform leverages advanced AR technology and computer vision algorithms to overlay digital information onto the real world, enhancing navigation capabilities in various environments. Users can simply wear AR-enabled devices, such as smart glasses or use mobile devices, and experience real-time, context-aware navigation instructions overlaid onto their surroundings.
By leveraging the power of AI and spatial computing, ARway has developed a revolutionary no-code, no-beacon solution that employs visual marker tracking with centimeter precision. This breakthrough technology enables seamless and immersive augmented reality experiences, transforming how trade shows are navigated and experienced.
Map D recognizes the tremendous potential and timing in bringing ARway's augmented reality trade show navigation system to the market. With a first mover advantage, they are poised to revolutionize the industry by providing an unparalleled navigation experience for attendees and exhibitors alike. The collaboration between ARway and Map D promises to reshape the landscape of trade shows, creating enhanced engagement and value for participants.
With a deep understanding of the trade show industry,
Map D specializes in providing innovative solutions that enhance attendee and exhibitor experiences. Map D has partnerships and works with some of the top companies, tradeshows and events in the industry.
Map D’s SVP Strategic Markets, Michael Candela comments "The fusion of Map D's robust interactive mapping technology with ARway's innovative augmented reality capabilities is not just an upgrade; it’s a leap forward that promises to revolutionize the navigation, and advertising experiences at events!”
Under the terms of the license agreement, ARway will receive monthly payments totaling $41,666 for a duration of 12 months, amounting to a minimum guarantee of $500,000. Furthermore, should sales exceed $500,000 within any 12-month period, ARway will be entitled to a 10% royalty. Throughout the term, ARway will deliver comprehensive customer support and technical assistance to ensure a seamless integration and optimal experience for all stakeholders.
This momentous partnership between ARway and Map D sets the stage for a new era in the trade show industry, where augmented reality navigation becomes an integral part of the event experience. The synergy of these two industry leaders will undoubtedly drive innovation, foster growth, and position both companies at the forefront of the evolving event technology landscape.
For more information about ARway and its pioneering augmented reality solutions, please visit www.arway.ai.
About ARway.ai
ARway.ai is a leading provider of an AI-powered Augmented Reality Experience platform. Their disruptive no-code, no-beacon spatial computing solution, enabled by visual marker tracking with centimeter precision, revolutionizes the way people experience augmented reality. By combining cutting-edge technology with seamless integration, ARway empowers businesses and developers to create immersive and interactive AR experiences.
About Map D
Map D is a 13-year old event technology company wholly owned by Nextech3D.ai. With a deep understanding of the trade show industry, Map Dynamics specializes in providing innovative solutions that enhance attendee and exhibitor experiences. Through their strategic partnership with ARway, Map Dynamics aims to disrupt the trade show industry by introducing an unprecedented augmented reality navigation system.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172444216
Randy1111, I agree with your post. My problem is with the numerous mistakes found in their financials.
I wish LIGAD would hire a new Accounting and Tax Company to replace the Coley CPA Firm. I don’t know what Ms. Coley is responsible for, but it must not be to look at the financials.
If you look at Page 2 of the first quarter 2023 financials, you will see the following:
Total shares outstanding: 2,348,220,850
Number of shares in the public float (2): 2,348,220,850
Comment at the bottom of Page 2:
(2) “Public Float” shall mean the total number of unrestricted shares not held directly or indirectly by an officer, director, any person who is the beneficial owner of more than 10 percent of the total shares outstanding (a “control person”), or any affiliates thereof, or any immediate family members of officers, directors or control persons.
A list of shares held by Officers, Directors and Control Persons is listed on Page 6. The list totals to 435,018,857 and should be deducted from the total shares outstanding to establish the float.
The figure for the float should be shown as: 1,913,201,993
I believe the float is an important figure in the financials, or the SEC would not put an explanation of how to calculate the float, as a foot note, on the financial page for all to read. The reported "float" has been reported incorrectly for a long time.
There are additional errors, if anyone wants to look for them, but I have given up.
ChannelTrader, If/when there is a spin-off, I believe Marvin Baker will move with BGTV and a new CEO will lead LIGA and what is left over in LIGA. I have been out of LIGA for a while but waiting to see how LIGA/BGTV plays out. GLTA
Good morning Randy1111, thanks for your reply. Have a great investing day.
I'll be interested in seeing what happens when BGTV is spun-off. To me, that is the only area of value in LIGAD. I wonder when the spin-off will take place.
Interesting video regarding colon cancer and marijuana. Worth a listen.
Yes, thank you to the men and women who gave up their lives while servicing to protect us and our great country, the United States of America. Thanks to the service men and women, the police officers, the fire fighters, and all others that are taking the time and giving up their life to protect us. God bless you all.
Thanks for letting us know, nirlremerlin. It will be interesting to read MJNA's quarterly report. Good investing luck to you.
Dean14, do you have any thoughts regarding MJNA's first quarter 2023 report due to be reported next Monday? Hope we get some favorable forward-looking information on revenue.
Thanks, fr8_train, for the web address.
Medical Marijuana, Inc. Appoints New CEO; Highlights Renewed Focus on Profitability, Further Expansion
SAN DIEGO, CA , March 14, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Medical Marijuana, Inc. (OTC: MJNA) (the “Company”), a holding company with operating assets dedicated to the cannabis and hemp industries, along with portfolio investments in companies in the biotechnology industry, announced today the appointment of Dr. Timothy R. Scott as its new Chief Executive Officer, President, and Chairman of the Board. Dr. Scott takes the helm of the organization after serving on the Company’s board since 2015, as well as for several years on the Boards of both of the entities that comprise the Company's investment holdings, signaling a thorough understanding of the Company's operating subsidiaries and portfolio investments. Dr. Scott had recently taken an advisory role within the Company, having accepted a position as the Chief People Officer, before accepting this new role of CEO.
Dr. Scott’s appointment follows the acceptance by the Board of Directors of the resignation of Blake N. Schroeder who served as the Company’s CEO, President and Chairman of the Board since 2021 and served in other executive roles going back to 2016. Mr. Schroeder will continue to serve on the boards of the Company’s portfolio investments; Axim Biotechnologies, Inc. (OTCQB: AXIM) and Neuropathix, Inc. (OTCQB: NPTX). In addition, he will provide consulting and advisory services to Neuropathix.
"I want to personally thank Blake for his many years of service and dedication to our organization,” newly appointed CEO of Medical Marijuana, Inc. Dr. Timothy R Scott said. "We are pleased that he will remain a part of the MJNA family through his board memberships with our portfolio investments and his advisory role with Neuropathix, which we believe can be significantly supported and advanced by Blake's involvement and his contacts in the biotech space.”
Dr. Scott added: “Our Company, along with other companies in the state and federally legal cannabis business, has faced increased competition that has lead to decreasing sales and tighter margins. We expect to see substantial consolidation in the industry and are positioning the Company to take advantage of this by undertaking significant financial and operational restructuring efforts to increase efficiencies, preserve and increase cash flow, incentivize key employees, and increase our portfolio investments. I believe these efforts will enable the Company to grow more quickly and profitably as we move forward. We have among the highest quality products in the industry, a diversified distribution platform, with significant barriers to entry for would-be competitors, and experienced leaders in our two key operating subsidiaries, HempMeds and Kannaway. In addition, the Company believes that its portfolio investments Neuropathix, Inc. (symbol; NPTX) and Axim Biotechnologies, Inc. (Symbol: AXIM) have significant untapped value, and we continue to be extremely positive for the outlook of these companies and their respective technology and intellectual property.”
Headquartered in Vista, California, Medical Marijuana Inc. is the first-ever publicly traded cannabis company in the United States that launched the world’s first cannabis-derived nutraceutical products, brands and supply chain, and remains one of the world’s leading manufacturers and suppliers of hemp-derived CBD. Its portfolio of operating assets includes HempMeds, which was the first company to receive historic import permits for CBD products from the governments of Brazil, Mexico, Argentina, and Paraguay and continues to expand its market share in those regions, as well as Kannaway, the world’s first direct selling company dedicated to the hemp CBD wellness space. Since its inception, Kannaway has expanded to over 40 countries and directly impacts the lives of thousands of brand ambassadors through its value-build sales platform. Beyond these operating assets, Medical Marijuana Inc. holds significant debt and equity investments in two companies in the biotechnology space (Axim Biotechnologies, Inc. and Neuropathix, Inc.).
https://finance.yahoo.com/news/medical-marijuana-inc-appoints-ceo-130000182.html
Current Report Filing (8-k)
March 21 2023 - 01:52PM
Edgar (US Regulatory)
Item 3.03 Material Modification to Rights of Security Holders
If you watch the Market Cap on I-hub, they must have two different people doing the calc. The decimal moves one degree back and forth every few days. I sent a note to I-Hub but did not hear back. If you notice it, please report it. TIA
Do you have the date and time of the upcoming conference? TIA
Probably trying to uplist the stock board.
The following, from Dr. Koos' message, is worth repeating: