VANCOUVER and TORONTO, Dec. 27,
2018 /CNW/ - NexTech AR Solutions (the "Company" or "NexTech") (CSE: NTAR) (OTC: NEXCF)
(FSE:N29) is pleased to announce that its development team has begun integrating IBM Watson's Machine Learning (ML)
algorithms into its patent pending web enabled AR platform. With this integration NexTech is quickly building out a next
generation, industry first, artificial intelligence (AI) based AR eCommerce solution. With AI the platform will now be able
to offer scanning of the body, hands, and feet as well as facial features, to understand an individual shopper's style, sizes and
preferences, as well as creating AR holograms acting as personal shopping assistants. The AR eCommerce platform is expected
to exit beta and have a commercial launch in January 2019, with AI features beginning to rollout in
February 2019.
"So far, AR has proven to be a very effective way to bring the in-store experience to the home in an engaging way, so rather
than customers visiting a brick-and-mortar store, AR allows them to experience 3D products and services right in their homes,"
comments Evan Gappelberg, CEO of NexTech. He continues, "With AI and AR working together, the home shopping experience
becomes complete, it becomes "intelligent," it's no longer just a 3D product view. With AI the product comes with a product
expert seen as a hologram, as well as a virtual "try-on at home" platform for clothing, sneakers, hats, makeup, jewelry, eyewear
and more, reducing returns by as much as 80% and increasing sales by as much as 3X...with AR and AI technologies working together
on our AR eCommerce platform this feels like a truly revolutionary and magical moment for NexTech as it ushers in a new era of
online shopping experiences."
According to Statista, global eCommerce sales in 2018 will hit over $2.8 trillion dollars with
60% occurring on a desktop computer and 40% happening on mobile devices. NexTech's web enabled AR eCommerce solution works on
every browser including but not limited to Chrome, Firefox, and Safari and on every device including desktops, laptops, ipads,
and all mobile phones. With a web enabled AR solution NexTech has eliminated the need to download an app which has been the
biggest friction point of AR adoption.
With the integration of IBM Watson's ML offerings the NexTech AR web enabled platform will offer a full suite of advanced
AI/AR mixed reality experiences. With one omni-platform having both AR and AI all three of the company's verticals; eCommerce,
education and training, as well as AR live streaming will offer the full suite of AI/AR mixed reality product offerings.
About NexTech AR Solutions Corp.
NexTech is bringing augmented reality (AR) to the masses by creating an AR ecosystem featuring eCommerce solutions for
websites, AR learning and education as well as AR live streaming for events. The company has filed a patent around its AR
web-enabled eCommerce platform which has been integrated with Shopify, Wordpress and Magento. The AR can "go live" on any ecomm
site with just a few lines of embed code creating a highly scalable platform. The global eCommerce industry is a $2.8 trillion-dollar marketplace and growing. NexTech has acquired its e-learning platform "edCetra" which has
been used by Fortune 500 companies such as Imperial Oil, Bombardier and Staples, as well as the Library of Congress and others to
educate and train employees. NexTech has added augmented reality ("AR") training and education options into the platform and
expects to launch in 2019. The company is also working on bringing forth its AR live streaming platform for shows and live
events. All of the company's platforms run off of one CRM which allows for its AR ecosystem to rise up. NexTech
launched its ARitize™ app in August 2018, which is capable of hosting many brands 3D objects and
augmented reality experiences. NexTech also owns a large and diverse revenue generating App Portfolio that is deployed on the
iTunes and Google play store which it intends to ARitize™.
On behalf of the Board of NexTech AR Solutions Corp.
"Evan Gappelberg"
CEO and Director
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, level 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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SOURCE Nextech AR Solutions Corp.
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