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- 40FR12B/A Initial registration of securities (Canada)
- 99.210 News Release Dated September 15, 2020
- 99.211 News Release Dated September 16, 2020
- 99.212 News Release Dated September 23, 2020
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- 99.231 News Release Dated November 10, 2020
- 99.232 News Release Dated November 11, 2020
- 99.233 News Release Dated November 12, 2020
- 99.234 Interim Financial Statements for the Three and Nine Months Ended September 30, 2020 and 2019
- 99.235 Interim Management's Discussion and Analysis for the Three and Nine Months Ended September 30, 2020
- 99.236 News Release Dated November 16, 2020
- 99.237 News Release Dated November 18, 2020
- 99.238 News Release Dated November 23, 2020
- 99.239 News Release Dated November 25, 2020
- 99.240 News Release Dated November 30, 2020
- 99.241 News Release Dated December 1, 2020
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- 99.248 News Release Dated December 15, 2020
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- 99.250 News Release Dated December 21, 2020
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- 99.252 News Release Dated December 29, 2020
- 99.253 News Release Dated January 4, 2021
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- 99.274 Marketing Materials Dated February 18, 2021
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- 99.276 Marketing Materials Dated February 19, 2021
- 99.277 Material Change Report Dated February 23, 2021
- 99.278 Material Change Report Dated February 23, 2021
- 99.279 News Release Dated February 24, 2021
- 99.280 Underwriting Agreement Dated February 24, 2021
- 99.281 Qualification Certificate Dated February 24, 2021
- 99.282 Preliminary Prospectus Dated February 24, 2021
- 99.283 Decision Document Dated February 24, 2021
- 99.284 News Release Dated March 1, 2021
- 99.285 News Release Dated March 2, 2021
- 99.286 News Release Dated March 4, 2021
- 99.287 Interim Financial Statements (Amended and Restated) for the Three and Nine Months Ended September 30, 2020 and 2019
- 99.288 Interim Management's Discussion and Analysis (Amended and Restated) for the Three and Nine Months Ended September 30, 2020
- 99.289 News Release Dated March 26, 2021
- 99.290 Non-issuer's Submission to Jurisdiction and Appointment of Agent Dated March 31, 2021
- 99.291 Non-issuer's Submission to Jurisdiction and Appointment of Agent Dated March 31, 2021
- 99.292 Non-issuer's Submission to Jurisdiction and Appointment of Agent Dated March 31, 2021
- 99.293 Final Prospectus Dated March 31, 2021
- 99.294 Decision Document Dated March 31, 2021
- 99.295 News Release Dated April 6, 2021
- 99.296 News Release Dated April 8, 2021
- 99.297 Material Change Report Dated April 9, 2021
- 99.298 News Release Dated April 13, 2021
- 99.299 News Release Dated April 15, 2021
- 99.300 Warrant Indenture Dated April 8, 2021
- 99.301 Management's Discussion and Analysis for the Year Ended December 31, 2020
- 99.302 Annual Audited Financial Statements for the Year Ended December 31, 2020
- 99.303 on Form 13-502F1 Dated April 15, 2021
- 99.304 Ab Form 13-501F1 Dated April 15, 2021
- 99.305 News Release Dated April 15, 2021
- 99.306 News Release Dated April 20, 2021
- 99.307 News Release Dated April 27, 2021
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- 99.311 News Release Dated May 12, 2021
- 99.312 Interim Financial Statements for the Three Months Ended March 31, 2021 and 2020
- 99.313 Interim Management's Discussion and Analysis for the Three Months Ended March 2021
- 99.314 News Release Dated May 14, 2021
- 99.315 News Release Dated May 18, 2021
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- 99.326 News Release Dated June 25, 2021
- 99.327 Statement of Executive Compensation Dated June 28, 2021
- 99.328 Material Change Report Dated June 29, 2021
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- 99.330 News Release Dated July 9, 2021
- 99.331 Notice of the Meeting and Record Date Dated July 9, 2021
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- 99.342 Interim Financial Statements for the Three and Six Months Ended June 30, 2021 and 2020
- 99.343 Interim Management's Discussion and Analysis for the Three and Six Months Ended June 30, 2021
- 99.344 News Release Dated August 17, 2021
- 99.345 Voting Instruction Form for Annual General Meeting Dated August 5, 2021
- 99.346 Notice of Meeting Dated August 5, 2021
- 99.347 Management Information Circular Dated August 5, 2021
- 99.348 Form of Proxy Dated August Dated August 5, 2021
- 99.349 News Release Dated August 19, 2021
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- 99.358 Report of Voting Results Dated September 22, 2021
- 99.359 News Release Dated September 29, 2021
- 99.360 Annual Information Form Dated September 29, 2021
- 99.361 News Release Dated October 7, 2021
- 99.362 News Release Dated October 13, 2021
- 99.363 Interim Financial Statements and Report (Amended) for the Three and Six Months Ended June 30, 2021 and 2020
- 99.364 Preliminary Prospectus Dated October 12 , 2021
- 99.365 Qualification Certificate Dated October 13, 2021
- 99.366 Decision Document Dated October 13, 2021
- 99.367 Notice Dated September 28, 2021
- 99.368 Letter from Marcum LLP (Successor Auditor) Dated October 12, 2021
- 99.369 Letter from Dale Matheson Carr-hilton Labonte LLP (Former Auditor) Dated September 28, 2021
- 99.370 News Release Dated October 19, 2021
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- 99.378 Material Change Report Dated November 10, 2021
- 99.379 Interim Financial Statements for the Three and Nine Months Ended September 30, 2021 and 2020
- 99.380 Interim Management's Discussion and Analysis for the Three and Nine Months Ended September 30 2021
- 99.381 News Release Dated November 11, 2021
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- 99.394 Interim Management's Discussion and Analysis (Amended and Restated) for the Year Ended December 31, 2020
- 99.395 News Release Dated December 23, 2021
- 99.396 News Release Dated January 6, 2022
- 99.397 Code of Conduct Dated January 2022
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- 99.418 News Release Dated March 15, 2022
- 99.419 Undertaking to File Documents and Material Contracts Dated March 21, 2022
- 99.420 Non-issuer's Submission to Jurisdiction and Appointment of Agent Dated March 21, 2022
- 99.421 Non-issuer's Submission to Jurisdiction and Appointment of Agent Dated March 21, 2022
- 99.422 Final Short Form Prospectus Dated March 21, 2022
- 99.423 Consent Letter of Issuer's Legal Counsel
- 99.424 News Release Dated March 22, 2022
- 99.425 Decision Document Dated March 22, 2022
- 99.426 on Form 13-502F1 Dated March 21, 2022
- 99.427 Ab Form 13-501F1 Dated March 21, 2022
- 99.428 Consolidated Financial Statements for the Years Ended December 31, 2021 and December 31, 2020
- 99.429 Management's Discussion and Analysis for the Year Ended December 31, 2021
- 99.430 News Release Dated March 22, 2022
- 99.431 Consent of Dale Matheson Carr-hilton Labonte LLP
- 99.432 Consent of Marcum LLP
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28 Mar 22 40FR12B/A Initial registration of securities (Canada) (amended)
- 15 Sep 20 40FR12B Initial registration of securities (Canada)
- 15 Sep 20 F-X Appointment of agent for service of process by issuers registering securities
Exhibit 99.238
NexTech AR Acquires Self-Service Event Software
Platform: Map Dynamics
The acquisition of Map Dynamics brings self-service event solutions to NexTech’s rapidly growing portfolio of event offerings and strategically positions the company for the shift to hybrid events post COVID
Vancouver B.C., Canada and Athens, Ga. – November 23, 2020 – NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), a leading provider of virtual and augmented reality (AR) experience technologies and services for virtual and hybrid eCommerce, education, conferences and events today announced that it has acquired event management platform, Map Dynamics. The company's self-serve virtual events platform supports live video, chat, networking, and analytics, reporting for associations, conferences, trade shows, webinars, summits, forums, workshops, and hybrid events. It helps organizers create, host, and manage live events for 100,000+ attendees both online and in its branded native event app.
Based in Athens, Georgia, Map Dynamics offers a consolidated set of self-service event management tools through its Event Home Base technology, coupled with dedicated support teams to create flexible, virtual, in-person or hybrid events. The company has worked with a broad array of events including the Sea Otter Classic international cycling races, regarded as the world's largest cycling festival and Repticon reptile and exotic animal expos held throughout the United States. Map Dynamics is also an official partner for multiple state societies of association executives including the Georgia Society of Association Executives (GSAE), the Empire State Society of Association Executives (ESSAE), and the New England Society of Association Executives (NESAE), as well as a partner of the National Apartment Association (NAA).
In the past 19 months, Map Dynamics platform has hosted over 1,700 events with over 60% being live events that took place in 2019, prior to the Company’s switch to virtual hybrid events starting in March 2020. NexTech intends to sell its AR solutions to these customers and offer a self-service, no touch option on top of its InfernoAR white glove service. With this acquisition, NexTech gains tiered pricing options and self-service technology for both live and virtual events which, when combined with its existing immersive AR solutions, creates a formidable powerhouse in the rapidly growing events market.
The addition of Map Dynamics and its Event Home Base technology will help increase an event managers’ flexibility and control as the intuitive and easy-to-use platform allows attendees to participate and gain access to event content from their phone, tablet or desktop anytime and anywhere. NexTech will also gain new, flexible event management and coordination tools that allow for easy transition to or from in-person, virtual and hybrid events, and have proven their ability to increase ROI of up to 140% for event customers. As part of the acquisition NexTech will be hiring all the Map Dynamics talents.
In addition to the newly added portfolio options, Map Dynamics’ reputation as a leading event management technology within the association industry will also position NexTech for growth and expansion into this industry of industries. Over 90,000 associations exist within the U.S. and over 18,000 associations are listed in Canada, creating tremendous potential for new partnerships. According to the American Society of Association Executives (ASAE) “Associations are a major contributor to the meetings industry, which generates $263 billion in spending and funds by both local and national economies”.
Jeremy Minnick, CEO of Map Dynamics comments, “We’re excited to join the team at NexTech and look forward to bringing our platform and our experience serving the association space to this fast-growing and ever-expanding company. After meeting with the NexTech team, it was clear that our goals and values align in many ways; we want to simplify the process for customers with innovative solutions, we aim to provide top-notch service when and where needed, and we help our customers create engaging experiences that meet their unique and changing needs within the new normal. I'm confident that together, we’re going to continue this growth trajectory and will further establish ourselves in the association space."
Evan Gappelberg, CEO of NexTech AR comments, “We’re excited to bring Jeremy and his Map Dynamics team into our rapidly growing NexTech family, which is now approaching 200 talents. Jeremy is a talented programmer who will fit in perfectly with our team as he continues to work on his platform and add even more amazing functionality. We love hiring top talent and welcome his entire team, including his four salespeople and the experienced support staff. We look at this as an opportunity to grow Map Dynamics by 100X, just like we are doing with the recent acquisition of the Jolokia platform, which we closed on in April of 2020 and is now at a run rate of over 10X 2019 revenue, post-acquisition.” Gappelberg continues, “With Map Dynamics’ huge customer base, we have a major opportunity to not only cross sell our AR solutions, which brings enormous and immediate upside, but to also super charge the platform with our significant marketing muscle”.
The total purchase price was $780,000 in cash up front with a 12-month potential earn out of another $525,000. For the past 18 months Map Dynamics generated approximately $1,500,000 in revenue and was about breakeven.
About NexTech AR
NexTech is one of the leaders in the rapidly growing Augmented Reality market estimated to grow from USD $10.7B in 2019 and projected to reach USD $72.7B by 2024 according to Markets & Markets Research; it is expected to grow at a CAGR of 46.6% from 2019 to 2024.
The company is pursuing four verticals:
InfernoAR: An advanced Augmented Reality and Video Learning Experience Platform for Events, is a SaaS video platform that integrates Interactive Video, Artificial Intelligence and Augmented Reality in one secure platform to allow enterprises the ability to create the world’s most engaging virtual event management and learning experiences. Automated closed captions and translations to over 64 languages. According to Grandview Research the global virtual events market in 2020 is $90B and expected to reach more than $400B by 2027, growing at a 23% CAGR. With NexTech’s Virtual Conference Platform having augmented reality, AI, end-to-end encryption and built in language translation for 64 languages, the company is well positioned to rapidly take market share as the growth accelerates globally.
ARitize™ For eCommerce: The company launched its SaaS platform for webAR in eCommerce early in 2019. NexTech has a ‘full funnel’ end-to-end eCommerce solution for the AR industry including its Aritize360 app for 3D product capture, 3D/AR ads, its Aritize white label app it’s ‘Try it On’ technology for online apparel, 3D and 360-degree product views, and ‘one click buy’.
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ARitize™ 3D/AR Advertising Platform: Launched in Q1 2020 the ad platform will be the industry's first end-to-end solution whereby the company will leverage its 3D asset creation into 3D/AR ads. In 2019, according to IDC, global advertising spend will be about $725 billion.
ARitize™ Hollywood Studios: The studio is in development producing immersive content using 360 video, and augmented reality as the primary display platform.
To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.nextechar.com.
For further information, please contact:
Evan Gappelberg
Chief Executive Officer
info@nextechar.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be”, “looking forward” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding the Company increasing investors awareness are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of NexTech to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. NexTech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
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