NexTech (OTC: NEXCF) Announces Audited Full Year Results For FY 2019

Company is Targeting 10X Revenue Growth in FY 2020

NEW YORK and TORONTO, Oct 03, 2019 — NEW YORK and TORONTO, Oct. 03, 2019 — NexTech AR Solutions Corp. (the “Company”) (OTC: NEXCF, (cse:NTAR) is a rapidly growing AR technology company targeting three multi-billion dollar verticals in the AR industry which all drive revenue from its omni-platform called “Aritize”.

The Company is pleased to announce its annual year-end results for the year ending May 31, 2019. Additional information and the Company’s Management’s Discussion and Analysis and Financials may be found on the company’s website ( and on its SEDAR profile page.

All numbers are in Canadian Dollars:

Total revenue for the year ended May 31st 2019 was $2,002,365 with a gross profit $584,007.

Company Highlights:

  • August 2019 Revenue was the highest in the companies history with $575,000 in revenue.
  • First quarter numbers will be reported by October 30th 2019.
  • Company is targeting 10X revenue growth for calendar year 2020 and improved margins.
  • Company is targeting to be cash flow positive in the fourth quarter of calendar year 2019.
  • Six new product launches targeted for September of 2019 and continuing quarterly into 2020, will continue to drive growth in its AR e-commerce division.

About NexTech AR Solutions Corp.