NexTech AR Options Announces Appointment of New CFO

Adds Vice President of Trader Relations

Nextech AR Alternatives Corp. (“Nextech” or the “Company”) (NEO: NTAR.NE) (OTC: NEXCF) (CSE: NTAR) is happy to announce the appointment of its new Main Money Officer (“CFO”), Andrew Chan, CPA, CA. Andrew has in excess of 20 years of experience across finance, accounting, company analytics, and tactic, concentrating on the technological know-how and money companies sectors. Nextech appears to be ahead to capitalizing on his history to aid build sturdy inner associations across its world small business units, although main the Company’s economic functions and taking part in a important role in its strategic route.

“Nextech continues to force the boundaries of what is feasible within its augmented actuality remedies, and Andrew’s capabilities and practical experience will assure we are leveraging the suitable equipment in our corporate software package to aid produce our rapid growth targets,” reported Evan Gappelberg, Founder and CEO of the Company. “I have been hyper targeted on building a earth-course workforce and am very delighted Andrew has joined us at this important stage in our journey. Provided the caliber of the executive and management teams now in position and the new additions to our expanding staff, I’m a lot more assured than ever we will thrive in noticing our vision whilst addressing our multi-stakeholder duties.”

Andrew Chan has over 20 several years of finance and accounting practical experience with fifty percent of his job serving higher-expansion, general public technology providers. Right after around a 10 years in community accounting (such as 9 decades at Ernst & Youthful), Andrew moved into senior finance positions with Real Issues Inc. (TSX: Authentic) and goeasy ltd. (TSX: GSY) – each giving technologies answers for the economical products and services industry – where he was associated in quite a few financings, transactions and acquisitions with an combination benefit of perfectly about a billion bucks. Mr. Chan has productively integrated and led finance-linked purposeful groups which includes treasury and banking, corporate reporting and budgeting and was instrumental in forging solid interactions with small business unit leaders to enable productive revenue forecasting and shipping and delivery.

Andrew is a Chartered Community Accountant (CPA,CA) and also holds a Bachelor of Commerce diploma specializing in accounting and finance from the University of Toronto.

Nextech also announces that Paul Moon has been appointed Vice President, Investor Relations for the Enterprise powerful today. Paul has extra than 20 a long time of investor relations encounter in many industries which includes money expert services, know-how and biotechnology. He most not long ago served as head of investor relations and enterprise growth for Protean Biodiagnostics, a disruptive precision oncology enterprise. He also served as Vice President, Trader Relations and Communications for biotechnology corporations, Resverlogix Corp. and Zenith Epigenetics Ltd. Prior thereto, he was Head of Marketing and advertising and Director, Investor Relations and Company Communications for Pure Systems Inc., a international developer and company of specialised technologies serving the water and wastewater sectors.

Share Option Grant

The Company has granted 385,000 stock solutions to officers, workers and consultants for the ideal to buy up to an mixture of 385,000 widespread shares of the Enterprise (the “Options”). The Solutions vest over three decades, at a selling price of $2.56 for every share, getting the closing value of the very last buying and selling working day prior to the date of grant. All Possibilities were being granted in accordance with the Firm’s stock possibility prepare.

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About Nextech AR

Nextech develops and operates augmented truth (“AR”) platforms that transports three-dimensional (“3D”) products visualizations, human holograms and 360° portals to its audiences altering e-commerce, electronic promotion, hybrid digital gatherings (gatherings held in a digital format blended with in-human being attendance) and understanding and training ordeals.

Nextech focuses on establishing AR options nevertheless most of the Company’s revenues are derived from a few e-Commerce platforms: vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product product sales of residential vacuums, supplies and pieces, and smaller house appliances sold on Amazon.

Forward-hunting Statements

The NEO has not reviewed and does not settle for duty for the adequacy or precision of this release.

Sure facts contained herein could constitute “ahead-looking facts” beneath Canadian securities legislation. Typically, forward-searching details can be determined by the use of ahead-looking terminology these types of as, “will be,” “seeking ahead” or versions of these types of phrases and phrases or statements that specific steps, gatherings, or effects “will” come about. Ahead-looking statements pertaining to the Corporation increasing buyers consciousness are based mostly on the Company’s estimates and are matter to identified and unknown threats, uncertainties and other aspects that could bring about the real effects, stages of activity, functionality, or achievements of Nextech to be materially distinctive from these expressed or implied by these kinds of forward-seeking statements or ahead-hunting information, like cash expenditures and other fees. There can be no assurance that these statements will confirm to be correct, as real success and long term occasions could vary materially from these anticipated in these types of statements. Accordingly, viewers ought to not place undue reliance on forward-looking statements and ahead-wanting data. Nextech will not update any ahead-looking statements or forward-looking information and facts that are incorporated by reference herein, apart from as demanded by applicable securities guidelines.

Perspective resource model on businesswire.com: https://www.businesswire.com/news/residence/20210601005323/en/

Contacts

On behalf of the Board of Nextech AR Solutions Corp.
Evan Gappelberg
CEO and Director

Investor Relations
[email protected]