Immersive Media Corp.
TSX VENTURE : IMC

Immersive Media Corp.

May 30, 2005 09:00 ET

Immersive Media Corp. Announces Termination of Acquisition

CALGARY, ALBERTA--(CCNMatthews - May 30, 2005) - Immersive Media Corp. (TSX VENTURE:IMC) ("IMC") announced today that it will not be moving forward with the previously announced acquisition of Red Hen Systems, Inc. ("Red Hen"). IMC is working with Red Hen at this time to explore other potential working relationships between the parties.

About Immersive Media Corp.

IMC is an advanced digital video imaging company. IMC's Telemmersion® System captures a global image using multiple video streams arranged according to geodesic geometry. The dodecahedron design captures omni directional video that is seamlessly stitched together and can be viewed live or from a recording. IMC's immersive video provides a terrestrial view of the entire environment for timely, fact-based decision-making.

The compact size, lightweight and rugged design of the Telemmersion® System makes it completely portable and it can be easily mounted on land and airborne vehicles. Applications include: persistent surveillance, integration, commanded control of interactive intelligent databases, scenario modeling, and specialized training.

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

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