Immersive Media Corp.
TSX VENTURE : IMC

Immersive Media Corp.

March 22, 2006 06:00 ET

Immersive Media Corp. Launches International Expansion by Approving TX Immersive Ltd. as Certified Service Partner

CALGARY, ALBERTA--(CCNMatthews - March 22, 2006) - Immersive Media Corp. (TSX VENTURE:IMC) ("IMC") an advanced digital video imaging company, is pleased to announce the signing of UK-based TX Immersive Ltd. ("TXi"), a subsidiary company of Transmission (TX) Ltd. ("TX"), as a Certified Service Partner ("CSP"). The approval of TXi into the CSP program marks the U.K. entry of IMC into the international marketplace and leverages the expertise of an established company in providing IMC sales, support and service overseas.

"TXi has considerable experience and contact in many of the strategic market segments identified for IMC's products allowing us to expand our international efforts quickly," commented Myles M. McGovern, president & CEO of Immersive Media Corp. "Having TXi on board as a partner further demonstrates that the Telemmersion® platform is perfectly suited for global markets, and that the timing is right for this leading-edge digital video technology."

Jon Boyce, chairman of TX Immersive Ltd. stated, "We are excited at developing the marketplace, and promoting IMC's Telemmersion technology throughout the U.K. and Europe. TXi plans to establish itself as the major provider of product and services for the Telemmersion System, and we look forward to introducing our existing clients to IMC while pursuing new opportunities."

IMC has designed the Certified Service Partner Program to expand its distribution channels while simultaneously capitalizing on its innovative, patented technology.

For more information, please contact IMC at partners@immersivemedia.com

About TX Immersive Ltd. ("TXi")

TXi has been formed specifically to exploit IMC's Telemmersion System in international markets beginning in the U.K.

About Transmission (TX) Ltd. ("TX")

Established in 1989, and based at Shepperton Film Studios in London England, Transmission (TX) Ltd. is a provider of production services, high definition and top-end camera systems, as well as crew support to all the major U.K. broadcasters such as the BBC (British Broadcasting Corporation), ITV, and Channel 4. TX has been involved in many award winning U.K. programs including the three-time BAFTA (British Academy of Film and Television Arts) nominated and Royal Television Society best drama Doctors and The Afternoon Play, and BAFTA nominated factual entertainment show Hunting Chris Ryan. Visit Transmission (TX) Ltd. at http://www.tx.co.uk

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 omnidirectional video that is seamlessly stitched together and can be viewed live or from a recording. IMC's immersive video provides a 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. IMC is a publicly traded Company that is listed under the symbol "IMC" on the TSX Venture Exchange. For more information on IMC and the Telemmersion System, go to: www.immersivemedia.com

Telemmersion is a registered trademark of Immersive Media Corp. All other trademarks are the property of their respective owners.

Certain statements in this press release constitute "forward-looking statements". For this purpose, any statements contained in this release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may", "will", "to", "expect", "plan", "believe", "anticipate", "intend", "could", "would", "estimate", and/or "continue" or the negative or other variations thereof or comparable terminology is intended to identify forward-looking statements involve risks and uncertainties, including those risks that are discussed more fully elsewhere in this release and in documents, which may be filed with the Alberta Securities Commission, British Columbia Securities Commission, Ontario Securities Commission, and / or the TSX Venture Exchange, as well as others, could cause results to differ materially from those stated. The signing of TX Immersive Ltd. into Immersive Media Corp.'s Certified Reseller & Service Provider Partner Program should not be construed by any means as an indication of the value of the Company or its common stock. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Unless otherwise required by applicable law, the Company does not undertake, and it specifically disclaims any obligation, to update any forward looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such a statement. Additional information relating to Immersive Media Corp. can be found on our website www.immersivemedia.com, and on SEDAR at www.sedar.com.

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

Contact Information

  • Investor Relations Contact:
    Immersive Media Corp.
    David G. Anderson
    Chief Financial Officer & Secretary
    (403) 264-8817
    or
    Channel Partners Contact:
    Immersive Media Corp.
    Karen Tanaka
    Chief Operations Officer
    (403) 264-8817 or (503) 821-6208