Nextech AR Finalizes Change of Auditor to Marcum LLP to Better Align with U.S. Exchange Uplisting Goal

Nextech AR Solutions Corp. (“Nextech” or the “Company”), a diversified leading provider of augmented reality (“AR”) experience technologies and services previously announced that it had changed its auditor from DMCL LLP (the “Former Auditor”) to Marcum LLP (the “Successor Auditor”), effective September 29, 2021 (the “Effective Date”), this notice is to provide an update about the conclusion of this matter.

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At the request of the Company, the Former Auditor resigned as the auditor of the Company and the Board of Directors of the Company appointed the Successor Auditor as the new auditor of the Company as of the Effective Date, until the close of the Company’s next annual meeting of shareholders.

There were no modifications of opinion contained in the Former Auditor’s reports on the Company’s annual financial statements for the period commencing at the beginning of the two most recently completed financial years and ending on the Effective Date. In addition, there were no “reportable events” (as defined in National Instrument 51-102 Continuous Disclosure Obligations (“NI 51-102”) between the Company and the Former Auditor.

In accordance with NI 51-102, the Notice of Change of Auditor, together with the required letters from the Former Auditor and the Successor Auditor, have been reviewed by the Company’s Audit Committee and Board and have been filed on SEDAR accordingly.

Evan Gappelberg, Nextech AR CEO previously commented, “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. 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.”

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Stock Compensation
Evan Gappelberg – CEO and Paul Duffy – President have taken restricted shares in lieu of cash for services rendered by Atlas Advisors LLC (Evan Gappelberg) in the amount of CAD $48,177.00 for 25,224 common shares and Moonshot Inc. (Paul Duffy) CAD $33,334.00 for 17,452 common shares. The deemed price per share is at $1.91 CAD.

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