NexTech AR Closes $14 Million Bought Deal Public Offering of Units - Seite 2

About NexTech AR

NexTech is a provider of augmented reality (“AR”) solutions and operates multiple businesses. The ‎Company’s stated business is to sell AR services and acquire and operate businesses to use as a test-bed ‎for areas of AR or virtual reality that the Company feels are growth industries. With this in mind, the Company has acquired ‎ecommerce and events businesses to use as test-beds for innovation of its AR technologies and has ‎integrated AR into the following three e-Commerce platforms: 1. vacuumcleanermarket.com (“VCM”): A ‎vacuum cleaner retailer focused on high-end residential vacuums, supplies and parts, and small home ‎appliances, which is operated through a retail location and online sales channels; 2. infinitepetlife.com ‎‎(“IPL”): A health food supplement for animals, which is operated through online sales channels; and 3. ‎Trulyfesupplements.com (“TruLyfe”): A health supplement online store. VCM, IPL and TruLyfe are owned ‎by the Company’s wholly owned subsidiary AR Ecommerce LLC. AR Ecommerce LLC sells products directly ‎to customers through vacuumcleanermarket.com, infinitepetlife.com and Trulyfesupplements.com, as ‎well as certain sales channels such as Amazon.com, Walmart.com and eBay, where it pays a marketplace ‎fee. The majority of the Company’s revenues are derived from VCM and product sales of Miele, Dyson ‎vacuums, supplies and parts, and small home appliances for brands such as KitchenAid, Cuisinart and ‎others sold on Amazon.‎

NexTech’s AR solutions business provides customers with critical functionality needed to provide three-‎dimensional (“3D”) AR immersive experiences as opposed to experiences in two dimensional formats. ‎NexTech’s solutions have the potential to be used across many verticals and are currently being utilized ‎by the company in e-commerce, virtual events (events held in a digital format or physically in-person), ‎learning and training, digital advertising and entertainment. NexTech’s AR product and service offerings ‎allow its customers to deliver livestreamed or pre-recorded human holograms or product holograms as ‎well as photo-realistic, volumetric 3D AR at scale for mass adoption. The Company has three AR applications; Aritize for immersive AR experiences, AiRShow for human holograms with livestreaming ‎capabilities, and ARitize360 for capture and creation of 3D product objects on a smartphone.‎