Immersive Media Corp.
TSX VENTURE : IMC

Immersive Media Corp.

October 30, 2006 21:12 ET

Immersive Media Corp. Announces Filing of Annual Disclosures

CALGARY, ALBERTA--(CCNMatthews - Oct. 30, 2006) - Immersive Media Corp. (TSX VENTURE:IMC) ("IMC", or the "Company") announces that it has filed (through SEDAR) IMC's annual materials including:

(a) management discussion & analysis; and

(b) annual audited financial statements for the year ended June 30, 2006;

Copies of all of these materials are available for viewing by electronic means from the SEDAR web site (www.sedar.com).

IMC is a corporation whose shares are listed for trading on TSX Venture Exchange Inc. under the symbol IMC.

As of October 30, 2006 IMC has outstanding 23,437, 455 Class A Common Shares, 2,085,420 options and 1,889,953 warrants to acquire Common Shares. Additionally, IMC has determined that the Company's "public float" (the number of shares outstanding not held by directors, officers, promoters, 10% shareholders or their affiliates, spouses, and other associates and not under any hold period or escrow restrictions) is 16,099,534 based on information provided to IMC by its insiders.

The officer(s) responsible for issuance of this press release and who may be contacted for further information is:

Myles M. McGovern, President

About Immersive Media Corp.

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: www.immersivemedia.com

Cautionary Statement: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements other than statements of historical fact included in this news release, including, without limitation, (statements regarding reserves, present value of future cash flow, exploration results,) and future plans and objectives of Immersive Media Corp., are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

The specific terms of the transactions, if completed, are subject to customary conditions, including finalization of definitive agreements, due diligence, respective board and other approvals, stock exchange and regulatory approvals and satisfactory completion of a financing by IMC.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities offered will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Additional information on these and other factors that could affect Immersive Media Corp.'s operations or financials results are included in the Company's reports on file with Canadian Securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com), Immersive Media Corp.'s website (www.immersivemedia.com) or by contacting the Immersive Media Corp. Furthermore, the forward-looking statements contained in this new release are made as of the date of this news release, and Immersive Media Corp. 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 law.

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

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