Nextech AR Announces Auditor Change to Better Align with U.S. Exchange Uplisting Goal

Nextech AR Solutions Corp. , a diversified leading provider of augmented reality experience technologies and other services, announced that at the Company’s request Marcum LLP (“Marcum”) has been appointed as the Company’s new independent auditor effective today, September 29, 2021. Marcum’s retention follows the resignation of Nextech’s former auditor, DMCL LLP (“DMCL”), at the Company’s request.

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“While we very much appreciate the services provided to us by DMCL, we believe the engagement of U.S.-based Marcum better serves our key goal of listing our stock on a U.S. exchange and better aligns us with Nasdaq-listed technology companies in particular.”

“Marcum has over 65 years of experience serving middle market companies like Nextech in the United States and around the world. Further they are a top 20 firm ranked in the USA and #5 Nationally-Ranked SEC Audit Practice” said Evan Gappelberg, Nextech’s Chief Executive Officer. “While we very much appreciate the services provided to us by DMCL, we believe the engagement of U.S.-based Marcum better serves our key goal of listing our stock on a U.S. exchange and better aligns us with Nasdaq-listed technology companies in particular.”

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There were no modifications of opinion contained in DMCL’s reports on the Company’s annual financial statements for the period commencing at the beginning of the two most recently completed financial years through September 28, 2021. Over the next month, Nextech will complete the change of auditor process in accordance with the requirements of National Instrument 51-102 Continuous Disclosure Obligations (“NI 51-102”) and provide an update to investors once completed.