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News Update

TICKERS: NTAR; NEXCF

Augmented Reality-Focused Firm Closes Ecommerce Acquisition
News Update

Source:

The transaction brings to the company an established e-commerce operating business.

NexTech AR Solutions Corp. (NTAR:CSE;NEXCF:OTC) announced in a news release its acquisition of AR Ecommerce closed.

"This acquisition allows us to jump ahead of the pack in the augmented reality (AR) e-commerce space and provides a solid foundation of assets for NexTech to leverage into additional e-commerce acquisitions," NexTech CEO Evan Gappelberg said in the release.

Now that it owns an e-commerce site, NexTech can evaluate and integrate new technologies, ultimately creating value for its e-commerce business, its AR platform and its shareholders.

In other news, the company's shares are now DTC eligible for trading in the U.S. marketplace, meaning its securities qualify to be electronically cleared and settled through the Depository Trust Co. This method accelerates the receipt of stock and cash and, thereby, the settlement process for investors.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: NexTech AR Solutions. Click here for important disclosures about sponsor fees.
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