World News: 12:30 GMT Tuesday 14th January 2020. [NexTech AR Solutions Corp. via Globe Newswire via SPi World News]
TORONTO and NEW YORK, Jan. 14, 2020 (GLOBE NEWSWIRE) -- (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), the leader in augmented reality (AR) for eCommerce and AR learning applications is pleased to announce that (TSX.V: RG / OTC: RMIOF) a junior mining company, has contracted for the company’s 3D/AR omni-channel services. Today’s announcement marks the beginning of a significant new use case and opportunity for NexTech’s AR Solutions in the mining sector. The top 40 global mining companies, which represent a vast majority of the whole industry, reported some $683 billion U.S. dollars of according to Statista. NexTech’s industry-leading AR technology will help drive Romios marketing activities in 2020 and creates an enormous new business opportunity for NexTech.
"Romios Gold Resources is delighted to work with NexTechAR as we introduce Augmented Reality to the Resource industry together. Tom Drivas, President and Director continues, “We believe there is great value in allowing potential investors and industry experts to view core samples from our exploration projects in high-fidelity 3D. Going forward we will look to find other innovative ways to leverage this technology into our various marketing strategies, and pioneer together, new industry standards."
Evan Gappelberg CEO of NexTech comments “We are excited that Romios has adopted NexTech’s powerful and industry-leading augmented reality offering to drive its product marketing and client education activities. Our 3D augmented reality solution and our AR learning tools will help Romios to bridge the gap by showing what actual core samples look like in 3D/AR for investors and potential investors creating a critical use case to Romios and the mining industry. ” He continues, “We are always looking for new industries to leverage our AR solutions. The mining sector is certainly a new industry for us and we are the first companies to create 3D/AR core samples, which we believe could become a new industry standard for the entire mining industry.”
NexTech will be attending the world's premier mineral and exploration mining convention March 1- 4th at the metro Toronto Convention Centre to showcase these core samples and mine for more business.
The company paid Octagon Media Corp. 150,000 options priced at $2.00 with a 7-month term plus $60,000 for investor relations services.
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On behalf of the Board of NexTech AR Solutions Corp.“Evan Gappelberg”CEO and Director
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Evan GappelbergChief Executive Officer
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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, levels 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 is incorporated by reference herein, except as required by applicable securities laws.
Globe Newswire: 12:30 GMT Tuesday 14th January 2020
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