09:41 AM EST - NexTech AR Solutions : Announced that it has acquired the AirShow app, valuable AI code plus a team of four AR experienced developers from TRICK 3D, the deal is closing October 1st. The AirShow application turns your favorite artist into a ‘live’ hologram that you can interact with in your living room providing an immersive and engaging experience all music fans will love and is now available to download on iTunes and Google Play Store. According to the world economic forum the music industry generates $50 billion per year, by acquiring this application as well as hiring four experienced AR developers the company is addressing another huge industry with its AR tech. This acquisition was structured as an asset purchase agreement with a $300,000 USD price tag, 50% being in cash and 50% in restricted stock of Nextech or 37,500 common shares. NexTech AR Solutions
shares C.NTAR are trading up 8 cents at $5.43.
