Tuesday, July 11, 2023

Nextech3D.AI, a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers announced that the Company has filed to change its name to "Nextech3D.ai'' to better reflect its ongoing AI-powered business and intends to list its common shares on the NASDAQ Capital Market. The Company plans to keep its Canadian CSE listing and be dual-listed in the USA and Canada as well as in Frankfurt. To this effect, the Company recently confidentially submitted a draft registration statement on Form F-1 to the U.S. Securities and Exchange Commission for purposes of a potential future offering of its securities in the United States. The Company also announced a large enterprise customer that is part of the Wesfarmers, Stock symbol: WFAFY (OTCMKTS)one of Australia's largest listed companies whose businesses include Bunnings, Kmart Group, Officeworks and others, has renewed and expanded its contract for over 1,000+ 3D models. This renewal follows the renewal and expansion contract with a major ecommerce brand for 3000 3D models, as well as the enterprise renewal contract with an S&P 400 company for over 5000 3D models. The Company believes that these enterprise renewal contracts, in addition to its multi-year supply agreement with Amazon, strengthens Nextech3D.ai's position in the 3D models for the ecommerce industry.

Nextech3D.ai is a diversified augmented reality, AI technology company that leverages proprietary artificial intelligence (AI) to create 3D experiences for the metaverse. Its main businesses are creating 3D WebAR photorealistic models for the Prime Ecommerce Marketplace as well as many other online retailers. The Company develops or acquires what it believes are disruptive technologies and once commercialized, spins them out as stand-alone public Companies issuing a stock dividend to shareholders while retaining a significant ownership stake in the public spin-out.