Nextech AR Solutions Corp. (CSE:NTAR, OTCQB:NEXCF, NEO:NTAR) has announced that, at the company’s request, Marcum LLP has been appointed as the company’s new independent auditor effective from September 29, 2021.
Marcum’s retention follows the resignation of Nextech’s former auditor, DMCL LLP, also at the company’s request.
“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 in a statement.
“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,” he added.
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The company said 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 added, it 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.
Nextech develops and operates augmented reality (AR) platforms that transports three-dimensional (3D) product visualizations, human holograms and 360° portals to its audiences altering e-commerce, digital advertising, hybrid virtual events (events held in a digital format blended with in-person attendance) and learning and training experiences.
Nextech focuses on developing AR solutions however most of the company’s revenues are derived from three e-Commerce platforms: vacuumcleanermarket.com (VCM), infinitepetlife.com (IPL) and Trulyfesupplements.com (TruLyfe). VCM and product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon.
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