NexTech AR Solutions to Webcast Live at VirtualInvestorConferences.com August 6th

Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com

VANCOUVER, British Columbia, Aug. 05, 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, today announced that CEO Evan Gappelberg will present live at VirtualInvestorConferences.com on August 6^th. 

DATE: Thursday, August 6^th
TIME: 12:00 pm EST
LINK: https://www.tinyurl.com/August6VICPR

This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

Learn more about the event at www.virtualinvestorconferences.com.

Q2 2020 highlights:

• Revenue grows 133% to $3.5 million
• Gross Profit grows 171% to $2.1 million with a 60% margin
• Cash on hand of $6.4 million
• Working Capital of $7.3 million
• Obtained credit facility from the Royal Bank of Canada of $600k
• Applied for uplist to NASDAQ CM
• InfernoAR virtual events product launches and revenues begin scaling
• On 7/21 - Evan Gappelberg, CEO of NexTech AR Solutions purchased 250,000 shares through a warrant conversion for a total consideration of $175,000 the shares increased his total holdings to 6,093,328.

Evan Gappelberg, CEO of NexTech comments, “We are pleased to report that our preliminary second quarter ended June 30th, 2020 results were positive and very strong across our business segments. These results were driven by new customer additions, expansion of product lines and increases in conversions from our e-commerce and the newly acquired, infernoAR business.” He continues, “We are uniquely positioned to see our business benefit from this new ‘stay at home' paradigm shift with our AR ecommerce, video conferencing and Virtual Events business units. The digital transformation that is taking place globally is creating more business opportunities for video conferencing virtual learning, virtual conferences, or virtual events, and e-commerce than ever before.”