NexTech Reports Revenue and Gross Profit For February and Audit Update
Summary
NEW YORK and TORONTO, March 03, 2020 (GLOBE NEWSWIRE) -- (the “Company” or “NexTech”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), the industry leader in augmented reality, is pleased to announce that it has achieved revenue for the month of February of $685,000 and gross profit margin of 66% or $450,000 representing a 184% increase in revenue and 271% increase in gross profits year over year. This shows our firm commitment to being a mature public company.” Evan Gappelberg, CEO of NexTech AR Solutions comments, “With these monthly updates we continue to be transparent with our shareholders which we believe is important, especially in these volatile times. having launched in June 2019, the app-based solution allows companies and educational establishments to leverage all of their existing 2D assets - YouTube videos, PDF documents, PowerPoint decks, images, etc. expected to launch in Q1 2020, the studio has created a proprietary entertainment venue for which it is producing immersive content using 360 video, and augmented reality as the primary display platform. On behalf of the Board of NexTech AR Solutions Corp. “Evan Gappelberg” CEO and Director For further information, please contact: The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.