TORONTO, O.N, Canada -- December 7, 2023 -- InvestorsHub
NewsWire -- Nextech3D.AI
(OTCQX:
NEXCF) (CSE:
NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for
Amazon, P&G, Kohls and other major e-commerce retailers
announces the launch of its "Boost Program" for AI digital ads, in
its mobile app for trade show and event organizers.
The Map D platform already supports
approximately 500+ events annually, with over 50,000 exhibitors and
over 1 million+ attendees. With the new in-app AI ad network being
marketed to existing customers, the Company now has the potential
to generate $10-$20mill in additional annual revenue with 80%
margins up from the $1mill the platform currently generates. The
Company is already in the market and having early success, with
multiple shows already signed up for the AI ad network. The Company
expects to see substantial growth and additional revenue starting
in Q1, 2024.
Evan Gappelberg, Nextech3D.ai CEO commented, "This AI ad network
has the potential to disrupt the $50billion events industry by
offering a first of its kind marketing platform built for
exhibitors, driving more booth traffic and sales at the actual
event itself." He continued, "We have been seeing great enthusiasm
and early success, and we are building this with a Facebook (Meta),
LinkedIn ad network business model which has tremendous upside
potential, especially when you offer within the same app our
augmented reality wayfinding from our partnership with ARway".
Major Benefits
Increased Traffic: Drive more visitors to
booths
- +45% increase booth traffic from attendees using the Map D
app
- 3x more inquiries and demo requests from in-app engagement
Enhanced Visibility: Making Brands Unmissable
- 70% of Map D app users recall featured exhibitor brands
- 2.5x higher brand recognition compared to non-featured
exhibitors
Targeted Exposure: Reaching Ideal Customers
Seamlessly
- 80% match rate between in-app users' interests and targeted
exhibitor promotions
- +55% increase on engagement rate on tailored in-app placements
and notifications
Key Features of the Map D Boost
Program:
Self-Serve Portal (Coming Soon): A
user-friendly portal is in development, empowering exhibitors to
purchase Boost banners independently. Expected completion by
mid-January.
Cost-Effective: Starting at $250 per banner/day
at a show, participants gain entry to the program, securing a Boost
banner within the mobile app to boost visibility and increase booth
traffic.
Future Developments: Ongoing efforts are
dedicated to introducing additional features that will allow
exhibitors to further invest in higher-tier ads from
$250-$2500.
Nextech3D.ai envisions the Map D Boost Program as a
game-changer, fostering a dynamic environment where exhibitors can
maximize their presence and show managers can effortlessly enhance
the overall event experience. With an eye on the future,
Nextech3D.ai is committed to evolving the program continuously,
ensuring its relevance and effectiveness in the ever-changing
landscape of event technology.
Livestream Details
Join CEO Evan Gappelberg today on Proactive Investors for a special
livestream event. He will discuss the Map D Platform and the launch
of the new Boost Program.
Date: Today, Thursday December 7
Time: 11:00 am PT / 2:00 pm ET
Link: https://www.youtube.com/watch?v=ezTp1haLGDU
About Map D
Map D is an Event Solutions Platform and one of 4 key business
units under the Nextech3D.ai umbrella. Map D includes the following
components:
Interactive Floor Plan: The Map D interactive
floor plan is a powerful tool for tradeshows, festivals, and
conferences. With information-rich profiles, it's easy to build out
a marketplace of participating vendors and connect them to
attendees, sessions, speakers, and more. The floor plan is easy to
navigate, search, and bookmark, making it an essential tool for any
event with a vendor marketplace
Booth Sales: Conference organizers can sell
booth space to exhibitors with customizable gateway and checkout
scenarios. The product allows clients to view the real-time
availability of booths and their sales status. It allows exhibitors
to reserve a booth or pay for it using a credit card directly from
the floorplan.
Mobile App: The app combines the current MapD
event management solutions technology with ARway, the AI-powered
Augmented Reality Navigation platform with a disruptive no-code,
no-beacon spatial computing solution, creating an industry-first
augmented reality / artificial intelligence combined solution for
event management providers and bringing Augmented Reality to live,
in-person conferences and trade shows.
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About Nextech3D.ai
Nextech3D.ai or the "Company," (OTCQX: NEXCF) (CSE: NTAR) (FSE:
EP2), is a versatile augmented reality and AI technology company
that utilizes its proprietary artificial intelligence (AI) to craft
immersive 3D experiences at scale for E-COMMERCE. The Company's
primary focus lies in creating high-quality 3D WebAR photorealistic
models for Amazon and various other online retailers. Nextech3D.ai
has adopted a unique approach to creating shareholder value beyond
its operating business of creating 3D models.
The Company also develops or acquires disruptive
AI-technologies, which are subsequently spun out to shareholders as
standalone public companies. This spin-out strategy allows
Nextech3D.ai to issue stock dividends to its shareholders while
maintaining significant ownership in the public spin-out, without
dilution to the parent company Nextech3D.ai.
Notably, Nextech3D.ai successfully spun out "ARway," (OTCQB:
ARWYF | CSE: ARWY | FSE:E65 ) its spatial computing platform, as a
standalone public company on October 26, 2022. The Company retains
a 49% stake with 13 million shares in ARway Corp. while
distributing 4 million shares to Nextech shareholders.
Similarly, Nextech3D.ai accomplished its second spin-out
launching Toggle3D.ai, (OTCQB: TGGLF | CSE: TGGL | FSE: Q0C ) an
AI-powered 3D design studio aimed at competing with Adobe. The
Company retains a 44% stake with 13 million shares in Toggle3D.ai
Corp.
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:
Investor Relations Contact
Julia Viola
investor.relations@nextechar.com
Nextech3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
Forward-looking Statements
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" or variations of such words and phrases or statements that
certain actions, events or results "will" occur. Forward-looking
statements regarding the completion of the transaction are subject
to known and unknown risks, uncertainties and other factors. There
can be no assurance that such statements will prove to be accurate,
as 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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