NexTech AR Solutions CEO acquires more company stock and announces new executive hires

NexTech AR Solutions Corp (CSE:NTAR) (OTCQB:NEXCF) (FRA:N29) reported that its CEO Evan Gappelberg recently purchased 250,000 company shares, his fifth stock purchase of the year, for a total 2020 investment of $975,921, or 1,279,885 NexTech common shares.  Gappelberg purchased the shares by exercising 250,000 warrants, which adds $175,000 to the company’s balance sheet, bolstering NexTech’s cash and inventory position to more $16 million.  The company also said it has hired seven executives from major technology companies, including Oracle Corp (NYSE:ORCL), IBM, SAP, and Cisco Systems Inc (NASDAQ:CSCO), to support NexTech’s Asia Pacific and Japan product rollout. “These new hires solidify us in the APJ region and position us for significant global growth for many years to come. We are continuing to execute on our global expansion plans, so that the sun never sets for NexTech and our sales teams. I’m extremely excited for 2021 to be another record-breaking year as we have positioned our company for continued rapid sales growth in fast growing industry sectors; Augmented Reality for events both live and virtual, AR for eCommerce, AR labs for education, webAR and our 3D/AR ad network,” said NexTech AR Solutions CEO Evan Gappelberg in a statement. READ: NexTech to provide augmented reality experiences and live streaming video to power CIM Virtual Convention and Expo He added: “By being one of the first AR companies we have built a formidable AR tech stack and knowledge base, which when combined with our diverse business, creates what I believe is a very unique and powerful value proposition. Personally, I believe the current stock price still does not yet reflect NexTech’s strong market leadership position and growth potential, which is why I continue to invest personal funds in buying company shares.” NexTech noted that its new Asia Pacific and Japan (APJ) hires, who will report to Yau Boon Lim, are expected to position the company for “significant revenue potential” as it rolls out its platforms into the APJ region, which has more than four billion people and 60% of the world's market. The company’s new executive hires include: Steven Seet, Senior Director, who will focus on NexTech’s Meetings, Incentives, Conferences and Exhibitions (MICE) vertical across APJ; Yumi Yasuda, Director & General Manager for Japan, who will be responsible for growing NexTech’s Japan business across all verticals with a preliminary focus on the MICE industry; Zoy Chiang, VP, APJ Channels, who will be working closely with the team to drive the Channel business in APJ, with a preliminary focus on China, Japan & Korea; Connie Lim, Head of Channel Development & South Asia Channel Sales, who will help grow channels in APJ; Katherine Poh, VP, APJ Marketing and Inside Sales, who will help drive strategic and tactical marketing, branding, and demand generation in APJ; Joan Taher, Inside Sales Manager, who will focus on inbound leads and high-volume sales and help grow the Indonesian market; and Warren Wang, who will be responsible for Operation and Enablement for APJ. NexTech AR Solutions has been successfully rolling out virtual and augmented reality solutions for e-commerce, education, conferences and events. Contact Sean at sean@proactiveinvestors.com