InvestorWire NewsRoom

InvestorNewsBreak

InvestorNewsBreaks – Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2) Unveils Boost Program for AI Digital Ads in Event Tech Platform Map
December 8, 2023

InvestorNewsBreaks – Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2) Unveils Boost Program for AI Digital Ads in Event Tech Platform Map

Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a generative artificial intelligence (“AI”)-powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers, launched an exclusive Boost Program for AI digital ads in its mobile app for trade show and event organizers. According to the announcement, the company’s Map D platform currently supports some 500 events annually, with more than 50,000 exhibitors and one million-plus attendees. The new in-app AI ad network has the potential to generate up to $20 million in additional annual revenue for the company, with 80% margins up from the $1 million the platform currently generates. The new offering is being marketed to existing clients, and the company is projecting substantial growth and additional revenue starting in Q1 2024. Benefits of the new offering include increased traffic, enhanced visibility and targeted exposure. The company also noted ongoing efforts focused on continuously enhancing the program to ensure its relevance and effectiveness. “This AI ad network has the potential to disrupt the $50 billion events industry by offering a first-of-its-kind marketing platform built for exhibitors, driving more booth traffic and sales at the actual event itself,” said Nextech3D.AI CEO Evan Gappelberg in the press release. “We have been seeing great enthusiasm and early success, and we are building this with a Facebook (Meta), LinkedIn ad-network business model, which has tremendous upside potential, especially when you offer within the same app our augmented reality wayfinding from our partnership with ARway.”

To view the full press release, visit https://ibn.fm/FUZfs

About Nextech3D.AI

Nextech3D.AI 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 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, its spatial computing platform, as a standalone public company in October 2022. The company retains a 49% stake with 13 million shares in ARway Corp. while distributing four million shares to Nextech shareholders. Similarly, Nextech3D.ai accomplished its second spin-out launching Toggle3D.ai, 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. For more information about the company, please visit www.NextechAR.com.

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
[email protected]

InvestorWire is powered by IBN

Recent NewsBreaks

NewsBreaks Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).