Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF), a 3D model supplier for major e-commerce retailers, has unveiled its "Boost Program," an AI-driven digital ad feature in its mobile app for trade show organizers.
The Map D platform, already supporting 500+ events annually, aims to capitalize on the existing customer base.
By promoting the newly introduced in-app AI ad network to its current customer base, Nextech anticipates a substantial boost in annual revenue, potentially reaching $10-$20 million with an 80% profit margin—significantly surpassing the current platform earnings of $1 million.
"This AI ad network has the potential to disrupt the $50 billion events industry by offering a first of its kind marketing platform built for exhibitors, driving more booth traffic and sales at the actual event itself," CEO Evan Gappelberg said in a statement.
"We have been seeing great enthusiasm and early success, and we are building this with a Facebook (Meta), LinkedIn ad network business model which has tremendous upside potential, especially when you offer within the same app our augmented reality wayfinding from our partnership with ARway".
Gappelberg will discuss the Map D Platform and Boost Program in a livestream event today, expecting substantial growth and added revenue from 1Q 2024.