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SaaS Business Continues to Gain Traction
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Sees Accelerating Expansion Into New Categories
TORONTO, O.N, Canada - June 20, 2022 - Nextech AR Solutions Corp. (“Nextech'' or the “Company”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), a Metaverse Company and leading provider of augmented reality (“AR”) experience technologies and services is pleased to announce the closing of multiple new 3D modeling deals for ecommerce, providing the Company with a continually growing base of ARR (annual recurring revenue) and MRR (monthly recurring revenue). AR and 3D models have been proven to increase sales, decrease product returns, and improve advertising results, leading to potentially billions of dollars in value, and bottom line impact for the company's global brand clients which include Kohl’s, CB2, Crate and Barrel, NAPA Auto Parts and many others.