Here’s Why Investors are Adding E-Commerce Giants to their Cart

The multi-billion-dollar e-commerce boom is alive and well. So much so, global revenue from online sales in the second quarter of 2020 were up 71% year over year, according to Salesforce’s Shopping Index, as noted by CNBC. Better, analysts at Baird say that demand for online shopping could create a “$200 billion annual tailwind” and could represent a major, permanent shift in consumer behavior. Going forward, according to Statista analysts, eCommerce could create a $6.5 trillion market opportunity, as more than 2.1 billion consumers opt to shop online by 2021. That’s creating opportunity for companies such as NexTech AR Solutions (OTCQB:NEXCF)(CSE: NTAR), Shopify Inc. (NYSE:SHOP), Etsy Inc. (NASDAQ:ETSY), and (NASDAQ:AMZN).

NexTech AR Solutions (OTCQB: NEXCF)(CSE: NTAR) BREAKING NEWS: NexTech AR Solutions, an emerging leader in augmented reality for eCommerce, AR learning applications, AR-enhanced video conferencing and virtual events, is pleased to announce that it has acquired fast-growing eCommerce software platform Next Level Ninjas. Next Level Ninjas matches brands and product testers on its VIP Product Testers site, helping brands gain business momentum. The platform works across multiple eCommerce platforms including Amazon, eBay, Shopify, Walmart, Jet and Etsy. It services nine Amazon marketplaces: US, CA, JP, AU and five EU marketplaces: UK, DE, FR, IT, ES.

By acquiring this Amazon eCommerce launch platform NexTech is now able to tie together its augmented reality (AR) offerings for eCommerce into one offering, creating a complete AR eCommerce ecosystem. The Next Level Ninja platform appeals to millions of eCommerce brands looking to gain business momentum on Amazon, eBay, Shopify, Walmart, Jet and Etsy. The company plans on integrating into the platform both its WebAR and its 3D/AR ad network, creating an AR technology-driven one-stop-shop. This acquisition represents the company's sixth acquisition since 2019 and the company’s second in 2020.

Established in 2019, Next Level Ninjas has experienced both dramatic organic growth and an attractive gross profit margin of 85%. In the month of August alone the business generated $40,000 in operating profit, implying a projected 12-month profit run rate of $480,000, which assumes zero growth post acquisition. The acquisition is an all cash asset purchase agreement with a purchase price of $720,000. The company is working with its marketing team to drive significant growth in the coming year as more and more businesses move online and sell goods on Amazon, eBay, Shopify, Walmart, Jet and Etsy.

Evan Gappelberg, CEO of NexTech comments, “This acquisition adds even more revenue and earnings potential to our fast growing AR eCommerce business. The Next Level Ninja platform is the perfect fit for us, allowing us to cross-sell our AR for eCommerce, which is in one of the pandemic economy's sweet spots. We see a global growing demand for Ninja’s innovative and fully compliant matching platform that helps interested buyers find amazing new products to test, review, and share on social media. Now that our marketing team is behind Next Level Ninja millions of eCommerce sites will be introduced to the platform, setting the stage for the business to grow exponentially.”

“I believe that Next Level Ninja for eCommerce can quickly be a multi-million dollar business and be as big a driver of revenue and cash flow as our Jolkia acquisition,” said Gappelberg. “It’s a very exciting time for us as we continue to look for accretive strategic acquisitions and keep hiring more talent to keep up with the ever growing demand of NexTech’s product offerings. We are uniquely diversified and positioned in the fastest growing business segments of the global economy including AR, eCommerce, video conferencing, virtual events, and 3D/AR advertising.”

Other related developments from around the markets include:

Shopify Inc. (NYSE:SHOP), a leading global commerce company, announced strong financial results for the second quarter ended June 30, 2020. “The world is changing fast,” said Tobi Lütke, Shopify’s CEO. “With the rapid shift to online commerce, massive disruption to conventional employment, and growing conviction that opportunity needs to be more evenly distributed, entrepreneurship has never been more important. With all of these changes, our core principles remain the same: everything we ship is designed to lower barriers to entrepreneurship and reduce friction wherever we can.”

Etsy Inc. (NASDAQ:ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, announced virtual participation in the below investor events. The following events will include webcast presentations by Etsy executives: Citi's 2020 Global Technology Virtual Conference, September 9, 2020 at 11:40 a.m. ET; Deutsche Bank's Virtual Technology Conference, September 14, 2020 at 1:00 p.m. ET; Keybanc's Future of Technology Series - Keynote Fireside Chat with Josh Silverman, Etsy CEO: "How Etsy is using digital commerce to connect people", September 15, 2020 at 12:00 p.m. ET.’s (NASDAQ:AMZN) Amazon Web Services, Inc. (AWS), and the National Football League (NFL) announced they will debut six new insights through the NFL’s Next Gen Stats platform powered by AWS during the September 10th season kickoff game between the Houston Texans and the Super Bowl Champion Kansas City Chiefs. The new advanced stats will appear in live broadcasts and online throughout the 2020 season, offering fans a better understanding of the game, their favorite players, and teams’ performances. Covering everything from the expected yards a team will gain on a rush, to the probability a team will win a game, the new stats combine on-field action and cloud technology, including machine learning, to engage fans in real time from season kickoff through the Super Bowl.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement between Winning Media and NexTech AR Solutions, Winning Media has been paid three thousand dollars for advertising and marketing services for NexTech AR Solutions. We own ZERO shares of NexTech AR Solutions. Please click here for full disclaimer.

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