NexTech’s InfernoAR Video and Virtual Events Platform Chosen By ICM a Global Training Company For Financial Institutions

Global expansion continues into Latin American Market as enterprise pivots to virtual events for cost savings

VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality for eCommerce, AR learning applications, and AR-enhanced video conferencing and virtual events is pleased to announce it has been selected to provide the InfernoAR platform, ScreenAR, and event design services for CREVOLUTION 2020 from ICM Credit in Mexico November 10 - 12, 2020. The initial value of the contract is $90,000 with the potential for additional revenue through the sale of augmented reality booths, and ‘ScreenAR’ services.

Luis Eduardo Perez, President, ICM Credit comments, "Crevolution is the most disruptive event in the global financial industry, when moving to a digital environment, we had the need to maintain that innovative spirit in our proposal, which is why we believe that Inferno, with its multiple functionalities and friendly interactivity, will allow our guests to have a memorable experience that will undoubtedly make them remember this event much more than previous editions".

This event represents NexTech's first Spanish-speaking virtual event targeted at the Latin American market, where demand for virtual events continues to grow. According to Grandview Research the global virtual events market in 2020 is $90Bill and expected to hit over $400Bill by 2027 growing at a 23% CAGR. With NexTech’s InfernoAR platform having augmented reality, AI, end to end encryption and built in language translation into 64-languages the company is well positioned to rapidly take market share in this market as the growth accelerates globally.

Evan Gappelberg, NexTech CEO, comments, “We are excited to work with Luis Eduardo and his team at ICM. Their vision for how to take the successful CREVOLOTION event program to an all-digital experience, speaks of their commitment to their attendees and exhibitors and to their leadership position in the financial industry”.  He continues, “The virtual events market is witnessing extremely high demand as most companies have adopted a Work-From-Home (WFH) policy due to the lockdown imposed by COVID-19. The stay-at-home measures have resulted in increased opportunities for NexTech as corporations are extensively using video conferencing platforms for business and client meetings”.