Immersive Media Corp.

Immersive Media Corp.

November 28, 2006 06:00 ET

Immersive Media Corp. Announces Annual & Special Shareholder Meeting

CALGARY, ALBERTA--(CCNMatthews - Nov. 28, 2006) - Immersive Media Corp. (TSX VENTURE:IMC) ("IMC") today announced its Annual & Special Shareholder Meeting to be held at 3:00pm Mountain Time, on Tuesday, December 19, 2006 at the Telus Convention Centre, Room Glen 201, in Calgary, Alberta.

All shareholders should have received their proxy statement and related materials by mail at this time. IMC kindly requests the immediate return of all proxy statements to facilitate the Annual & Special Shareholder Meeting process.

About Immersive Media Corp.

IMC is an advanced digital video imaging company. Using eleven video streams arranged according to geodesic geometry, immersive video captures an almost complete spherical image; a high-resolution 360 degree view of surroundings that is seamlessly stitched together. The imagery can also be integrated with relevant metadata and industry-specific database information to enhance content and provide viewers with greater visual detail in multiple layers. Details such as GIS coordinates, tags and other vital information, are simply incorporated which provides a complete picture for timely, fact-based decision-making. Immersive video can be experienced live or recorded through a variety of display options. Applications include: urban planning, oil and gas resource management, emergency response and first responder operations, and commercial media. IMC is a publicly traded company that is listed under the symbol "IMC" on the TSX Venture Exchange. For more information on IMC and immersive video, go to:

ADVISORY: Certain information in this press release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects", and similar expressions. Forward-looking statements in this press release include, but are not limited to, statements with respect to the proposed acquisition of Freestone, the proposal to hold a second closing for the financing, and the proposed use of proceeds of the financing. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with incorrect assessment of the value of acquisitions; failure to realize the anticipated benefits of acquisitions; and the inability to access sufficient capital from internal and external sources. Readers are cautioned that the foregoing list of factors is not exhaustive.

Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Additional information on these and other factors that could affect IMC's operations or financials results are included in IMC's reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (, IMC's website ( or by contacting IMC. Furthermore, the forward-looking statements contained in this new release are made as of the date of this news release, and IMC does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities laws.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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