Latest news with #Nextech3D.ai
Associated Press
10-04-2025
- Business
- Associated Press
Nextech3D.ai Signs Letter of Intent to Sell Share Control Block of Toggle3D.ai
NEW YORK CITY, NY / ACCESS Newswire / April 10, 2025 / (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS) announced today that it has entered into a Letter of Intent (LOI) on April 4th, 2025 to sell up to an 80% equity interest in its spin-out subsidiary, Inc. (CSE:TGGL) to TQG Technologies ('TQG' or the 'Acquirer'). The transaction marks a significant strategic move to both provide with a non-dilutive cash infusion of $610,000 as well as unlocking shareholder value by transitioning into its next phase of growth under a new controlling shareholder. Under the terms of the non-binding LOI, the transaction will be completed in three tranches. TQG has committed to an aggregate purchase of up to 80% of issued and outstanding common shares. The first tranche of 11 million shares will be acquired for a cash consideration of $610,000 CAD. Subject to the closing of TQG's capital raise a second tranche of 5 million shares will follow for $276,000 CAD. The final tranche will complete the 80% acquisition through a combination of share purchase and the vending-in of TQG's assets into TGGL. A non-refundable deposit of CAD $177,000 is to be paid upon the structure being finalized by TQG's management. Additional payments are scheduled through August 2025, with a potential bonus of $710,000 payable if TQG closes a financing round of at least US$5 million by that date. 'This transaction represents a thoughtful and strategic evolution for said Evan Gappelberg, CEO of 'Importantly It also provides with new capital, allowing to focus on its core AI and 3D modeling technologies.' The LOI provides for an integration and advisory period during which the parties will determine the optimal transaction structure. It also includes standard conditions such as satisfactory due diligence, execution of a definitive agreement within 90 days, and any necessary regulatory or shareholder approvals. TGGL management will maintain insight into major financial decisions for 180 days post-closing to support operational continuity. A joint public announcement from both companies is planned to coincide with the execution of the definitive agreement. The companies also intend to roll out joint PR initiatives featuring new business. For more information, visit For more information and full report go to For further information, please contact: Evan Gappelberg /CEO and Director 866-ARITIZE (274-8493) About or the 'Company,' (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3D experiences at scale for manufacturers with CAD files and for E-COMMERCE merchants. The Company's primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon and various other online retailers with patented 2D-3D technology. Forward-looking Statements 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' or variations of such words and phrases or statements that certain actions, events or results 'will' occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as 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.
Associated Press
19-03-2025
- Business
- Associated Press
ARway.ai Announces Substantial Increase in Revenue Growth Following Map D Acquisition
TORONTO, ON / ACCESS Newswire / March 19, 2025 / ARway (OTCQB:ARWYF)(CSE:ARWY) today announced a robust +194% increase in unaudited revenue and a 5% increase in gross margin in the six months following the acquisition of Map Dynamics (Map D) in June 2024. This robust growth underscores the successful integration of Map D's technology and services into ARway's operations, further solidifying ARway's position in the 3D mapping spatial computing and AR navigation market. Arway's unaudited revenue for the period from September 1, 2024, to February 28, 2025, reached $370,000, with a gross margin of 95% from the previous audited fiscal year's revenue of $126,000 and a gross margin of 90%, which ended August 31, 2024. This substantial increase in revenue can be attributed to the synergistic benefits of the Map D acquisition, which expanded its product offerings, enhanced its technological capabilities, and broadened its market reach. Key Financial Highlights: In addition to the strong revenue growth, has also renewed its share purchase warrant program, issuing 9,986,221 share purchase warrants (the 'Warrants') to service providers as part of their employment and consulting agreements. Each Warrant grants the right to acquire one common share at an exercise price of CAD$0.055 for a one-year period. The Warrants will be exercised in equal monthly tranches, with recipients able to either receive shares or participate in a managed sale program for cash proceeds. This move demonstrates the company's commitment to rewarding and retaining its talented workforce, while also aligning their interests with the company's long-term success. and Arway remain committed to driving innovation and value creation through strategic acquisitions, operational enhancements, and a relentless focus on delivering solutions that meet the evolving needs of their customers. With the success of the Map D acquisition and the continued strong performance of ARway, is well-positioned for continued growth in the rapidly expanding AI, 3D modeling, and augmented reality sectors. For more information, visit For more information and full report go to For further information, please contact: Evan Gappelberg /CEO and Director 866-ARITIZE (274-8493) About or the 'Company,' (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3D experiences at scale for manufacturers with CAD files and for E-COMMERCE merchants. The Company's primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon and various other online retailers with patented 2D-3D technology. Forward-looking Statements 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' or variations of such words and phrases or statements that certain actions, events or results 'will' occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as 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
Yahoo
21-02-2025
- Business
- Yahoo
Arway Corporation Announces Closing of Share Issuance to CEO
TORONTO, ON / / February 21, 2025 / Arway Corporation (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65) ("Arway" or the "Company") - a leader in spatial computing and augmented reality navigation, is pleased to announce the successful closing of the issuance of 3,786,363 common shares to its Chief Executive Officer, Evan Gappelberg, in consideration of outstanding indebtedness owing. The shares were issued at a deemed price of Cdn$0.055 per share and comprise part of Arway's continued strategy to align the interests of its leadership with those of the shareholders, driving long-term value and growth for the Company. The shares issued to Mr. Gappelberg are subject to a four-month holding period in accordance with applicable securities regulations, ending 21 June 2025. This closing marks an important step in the Company's ongoing efforts to incentivize and retain top leadership talent while reinforcing the shared commitment to driving the business forward. About ARway ARway is a pioneering platform specializing in augmented reality (AR) and AI-driven solutions for event management, venue navigation, and attendee engagement. As a spinoff of ARway leverages cutting-edge technology to revolutionize the way events are managed and experienced, delivering seamless, interactive, and personalized solutions for attendees and organizers alike. About is a leading AI technology company dedicated to delivering innovative solutions across various industries. With a focus on augmented reality, 3D modeling, and AI-powered tools, is committed to transforming how businesses operate and engage with their audiences. About MapD MapD is an intuitive, self-serve event management platform offering a comprehensive suite of tools designed to streamline event planning and execution. With its easy-to-use interface, MapD enables clients to manage floor space sales, exhibitor services, speaker schedules, and attendee communications all in real time. By automating event logistics, simplifying the sales process, and providing opportunities for new revenue streams, MapD empowers event organizers to focus on delivering exceptional experiences. Additionally, MapD's future updates include a native mobile app that will incorporate AR wayfinding features for in-person events or serve as a virtual venue for remote events. For more information, please visit To learn more about Map D, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: Sign up for Investor News - HERETo learn more about ARway, please follow on Social Media: Twitter, YouTube, Instagram, LinkedIn, and Facebook, and visit our website: On October 26, 2022, was spun-out from its parent Company, (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS). Nextech retained a control ownership in with 13 million shares, or a 50% stake. is a Generative AI powered 3D modeling Company and leading provider of augmented reality ("AR") experience technologies and 3D model services. Nextech's AI-powered 3D modeling platform, "ARitize3D" has contracts with; AMZN, KSS, CB2, Genuine Parts & many others. To learn more about visit For further information, please contact: Investor Relations GappelbergCEO and Director866-ARITIZE (274-8493) Forward-looking Statements 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" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as 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. will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. SOURCE: ARway Corporation View the original press release on ACCESS Newswire Sign in to access your portfolio
Associated Press
11-02-2025
- Business
- Associated Press
Nextech3D.ai Launches First-Ever Social Media Marketing Initiative As New AI 3D Products Emerge
TORONTO, ON / ACCESS Newswire / February 11, 2025 / (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS), a provider of AI-driven 3D and augmented reality (AR) solutions, has launched its first social media marketing initiative in collaboration with which began on February 5, 2025. The company has also announced the launch of its latest AI product suite, with further releases planned in the coming months. Social Media Marketing Initiative To improve sales performance and brand visibility, has partnered with an external marketing agency with expertise in digital advertising. The agency will oversee a 12-week campaign focused on TikTok, Instagram, and Facebook, marking first significant investment in social media-driven lead generation. The initiative aims to increase customer acquisition and engagement through targeted digital marketing strategies, utilizing AI-powered ad optimization and data-driven analytics. 'As we expand our marketing efforts, this initiative represents an important step toward strengthening our sales pipeline,' said Evan Gappelberg, CEO of 'We anticipate a measurable impact on lead generation and overall business growth.' AI Product Suite Expansion Alongside its marketing initiative, has introduced a new suite of AI-powered products designed to improve 3D modeling, automation, and immersive technology applications. The company plans to continue releasing additional AI-driven solutions in the coming months. 'Our AI product suite will contribute to the advancement of 3D content creation and AR applications,' said Gappelberg. 'With ongoing product development and targeted marketing strategies, we are positioning for long-term growth.' 2025 Strategic Outlook For 2025, is focusing on several key initiatives: Sales Growth: Expanding market reach through social media marketing and new business development efforts. Product Expansion: Enhancing the MapD platform and developing additional AI-driven solutions. Operational Efficiency: Implementing AI technologies to reduce operational costs by over 50%, optimize cloud infrastructure, and improve workflow automation. For more information, visit Click Here For more information and full report go to For further information, please contact: Evan Gappelberg /CEO and Director 866-ARITIZE (274-8493) About or the 'Company,' (OTCQX:NEXCF)(CSE:NTAR) (FSE:1SS), is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3D experiences at scale for manufacturers with CAD files and for E-COMMERCE merchants. The Company's primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon and various other online retailers with patented 2D-3D technology. Forward-looking Statements 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' or variations of such words and phrases or statements that certain actions, events or results 'will' occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as 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
