Nextech (CSE: NTAR) (NEO: NTAR) (OTCQB: NEXCF) (FSE: N29), a metaverse company and leading provider of augmented reality (“AR”) experience technologies and services, today announced that its CEO Evan Gappelberg has purchased a total of 72,656 shares of company stock through open market buys from 12/2 -12/6, each at an average purchase price of US$1.10/CA$1.40. According to the update, the purchase increases Gappelberg’s ownership to 10,049,279 common shares. In addition, select members of Nextech AR senior management purchased an aggregate of 37,000 shares through open market buys over the last several weeks. “I continue to invest and buy more shares because I’m extremely excited about the metaverse and our business prospects within the metaverse, and don’t believe that our current share price reflects the upside potential of our businesses. The metaverse opportunity is new, exciting and huge to most companies, but we have been working on it for the past few years, which gives us what I believe is a head start,” Gappelberg said in the news release. “We are starting to see business momentum in our 3D and AR product offerings as more and more brands and companies are beginning to recognize this massive opportunity. Just recently, companies like Facebook, Epic Games, Microsoft, Unity, Nike, Adidas, Budweiser, and more have all joined the metaverse revolution and are looking to companies like Nextech and others to provide 3D and AR solutions. As we continue to innovate and roll out new product offerings that fit into the metaverse narrative, I’m very optimistic about our growth in 2022 and beyond.”
To view the full press release, visit https://ibn.fm/66e2F
About Nextech AR Solutions Corp.
Nextech is a metaverse company that develops and operates augmented reality (“AR”) platforms, transporting three-dimensional (“3D”) product visualizations, human holograms and 360° portals to its audiences, altering e-commerce, digital advertising, hybrid virtual events (events held in a digital format blended with in-person attendance), and learning and training experiences. Nextech focuses on developing AR solutions for the metaverse, however, most of the company’s revenues are derived from three e-Commerce platforms: vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product sales of residential vacuums, supplies and parts, and small home appliances are sold on Amazon. For more information about the company, visit www.NextechAR.com.
NOTE TO INVESTORS: The latest news and updates relating to NEXCF are available in the company’s newsroom at https://ibn.fm/NEXCF
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