The Best Stocks For the AR/VR Boom - Seite 2

Evan Gappelberg CEO of Nextech commented "New AR/VR technologies are starting to transform the multi-trillion dollar retail industry, just like Wamnamaker changed the game when he opened the first department store in 1876 then Sears with its massive catalog, next came the internet and Amazon which revolutionized retail with e-commerce, now we are entering a 4th transformational wave where AR/VR and 3D content creation are becoming essential to merchandising products both online and in bricks and mortar stores. Nextech sits right at the forefront of this massive opportunity and tidal wave of innovation which is going to completely change the way we shop over the next few years." Having Virtual Reality (VR) capabilities is part of the company's omni-channel platform approach which includes: AR for e-commerce, AR in Chat, its ARitize App and AR University for education and training. The new VRitize platform will include an app for both iOS and Android, will work on most if not all VR headsets including Facebook's Oculus and will continue to leverage all current 3D asset creation technology as well as it's soon to be launched 3D ad network, opening up a major new revenue channel in 2020 and beyond. The VRitize platform will be able to utilize the 3D/AR assets the company has already created as well as new assets across both its ARitize platform as well as on its VRitize platform creating an industry first one-stop-shop for AR/VR. Evan Gappelberg, CEO of NexTech AR comments "By adding VR to our product mix we are positioning Nextech as the industry leader set to dominate both the AR and VR industry for retail." He continues, "We are super-excited to be able to leverage our growing 3D/AR library of assets and technical capabilities into Virtual Reality which complements our AR technology stack and represents another multi-billion dollar vertical for Nextech."

Other related developments from around the markets include:

Alphabet Inc. (NASDAQ:GOOG) will hold its quarterly conference call to discuss fourth quarter 2019 financial results on Monday, February 3, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The live webcast of the earnings conference call can be accessed here. A replay of the webcast will be available through the same link following the conference call.