VANCOUVER and TORONTO, Dec. 18, 2018 /CNW/ - NexTech AR Solutions (the "Company" or "NexTech") (CSE: NTAR) (OTC: NEXCF) (FSE:N29) is pleased to announce that on December 16th, 2018 its CEO Evan Gappelberg bought $250,000 or 500,000 shares of NexTech common shares. He acquired the shares at $0.50/share through the exercise of his $0.50 warrants. This investment is a follow on investment to his $125,000 purchase which he made in the May 2018 private placement which raised $2,750,000 at $0.25/share.
"I have always been a big believer in management being aligned with shareholders and this follow on investment does just that" comments Evan Gappelberg, CEO of NexTech. These shares will be restricted and held under the companies three year escrow agreement.
Also, FINRA has given form 211 clearance and NexTech US trading symbol is: NEXCF
FINRA Form 211 clearance for Nextech AR Solutions Corp - Symbol NEXCF.
FINRA staff received the information submitted by GLENDALE SECURITIES, INC. pursuant to FINRA Rule 6432 and Rule 15c2-11 under the Securities Exchange Act of 1934 ("SEA") in connection with the above-referenced security(ies) and, in reliance upon the information contained in such submission, determined that GLENDALE SECURITIES, INC. demonstrated compliance with FINRA Rule 6432 and may initiate a priced quotation of $0.2200 Bid, $0.4400 Ask on OTC Link ATS for NEXCF.*
Be advised that FINRA has neither approved nor disapproved GLENDALE SECURITIES, INC.'s Form 211 submission, and neither this notification nor any communication from FINRA should be construed or represented as FINRA approval. FINRA has not passed upon the accuracy or adequacy of the documents contained in your Form 211 submission. In addition, this notification does not constitute any approval or disapproval regarding the issuer that is the subject of the above-referenced Form 211 submission, including the legality of such issuer's activities. It should not be assumed that any federal, state, or self-regulatory requirements other than FINRA Rule 6432 and SEA Rule 15c2-11 have been considered. Form 211 is available in the Forms & Filings section of Firm Gateway.
About NexTech AR Solutions Corp.
NexTech is bringing augmented reality (AR) to the masses by creating an AR ecosystem featuring eCommerce solutions for websites, AR learning and education as well as AR live streaming for events. The company has filed a patent around its AR web-enabled eCommerce platform which has been integrated with Shopify, Wordpress and Magento. The AR can "go live" on any ecomm site with just a few lines of embed code creating a highly scalable platform. The global eCommerce industry is a $2.8 trillion-dollar marketplace and growing. NexTech has acquired its e-learning platform "edCetra" which has been used by Fortune 500 companies such as Imperial Oil, Bombardier and Staples, as well as the Library of Congress and others to educate and train employees. NexTech has added augmented reality ("AR") training and education options into the platform and expects to launch in 2019. The company is also working on bringing forth its AR live streaming platform for shows and live events. All of the companies platforms run off of one CRM which allows for its AR ecosystem to rise up. NexTech launched its ARitize™ app in August 2018, which is capable of hosting many brands 3D objects and augmented reality experiences. NexTech also owns a large and diverse revenue generating App Portfolio that is deployed on the iTunes and Google play store which it intends to ARitize™.
On behalf of the Board of NexTech AR Solutions Corp.
CEO and Director
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", "looking forward" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements regarding the Company increasing investors awareness are based on the Company's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of NexTech to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs. There can be no assurance that such statements will prove to be accurate, as actual results and 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 Nextech AR Solutions Corp.
For further information: Evan Gappelberg, Chief Executive Officer, [email protected]