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Nextech AR Solutions announces appointment of Bradley Gittings as its new vice president of Investor Relations

Published: 07:55 02 Sep 2021 EDT

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Gittings investor relations experience includes the formation of IR programs for Hitachi Data Systems (HDS), as well as for Altiris Inc. which was acquired by Symantec Corp. for US$830 million in 2007

Nextech AR Solutions Corp. (CSE:NTAR, OTCQB:NEXCF, NEO:NTAR) has announced the appointment of Bradley Gittings as its new vice president of Investor Relations. 

Gittings has over 20 years of experience in investments, capital markets and investor relations, having begun his career in equity research and also led international fund distribution for two of Chile’s largest domestic financial institutions (LarrainVial and EuroAmerica). 

His investor relations experience includes the formation of IR programs for Hitachi Data Systems (HDS), as well as for Altiris Inc. which was acquired by Symantec Corp. for US$830 million in 2007. 

In a statement, Evan Gappelberg, founder and CEO of the company said: “Nextech’s growing suite of augmented reality solutions are attracting a lot of attention, not only from customers but also from investors and analysts. Bradley’s experience and success in building IR programs that respond to investor and financial analyst expectations will enable us to communicate to both retail and institutional investors."

READ: Nextech AR Solutions expands partnership with American retailer Kohl’s with enhanced augmented reality

In 2016, Bradley co-founded Agama Partners, a capital advisor, industry research organization and co-developer of agriculture investments in Latin America. He built the group’s industry research services, while also overseeing investor relationships. Agama has led numerous projects for US and European pension advisors as well as for some of North America's largest fruit growers, helping them to invest in Chilean and Peruvian agriculture industries. Gittings will maintain an advisory role with Agama Partners.

Nextech’s rapid growth in the past 18 months has generated significant interest in the company from institutional and high net worth investors, as well as from its base of retail investors.

With Gittings hiring, the company is creating an institutional class IR program, which will enable Nextech to better communicate its story to an expanding and more diverse investor audience.

Nextech also announced that it has granted 60,000 stock options to employees and consultants for the right to purchase up to an aggregate of 60,000 common shares of the company. The options vest over three years, at a price of $2.14 per share, being the closing price of the last trading day prior to the date of grant. All options were granted in accordance with the company's stock option plan.

Nextech develops and operates augmented reality (AR) platforms that transport three dimensional (3D) product visualizations, human holograms and 360° portals to its audiences altering e-commerce, digital advertising, hybrid virtual events (events held in a digital format blended with in-person attendance) and learning and training experiences.

It focuses on developing AR solutions, however, most of the company’s revenues are derived from three e-commerce platforms: vacuumcleanermarket.com (VCM), infinitepetlife.com (IPL) and Trulyfesupplements.com (TruLyfe). VCM and product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon.

Contact the author at jon.hopkins@proactiveinvestors.com

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