Immersive Media Corp.

Immersive Media Corp.

March 15, 2005 18:48 ET

Shareholder of Immersive Media Corp. Files Early Warning Report


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: IMMERSIVE MEDIA CORP.

TSX VENTURE SYMBOL: IMC

MARCH 15, 2005 - 18:48 ET

Shareholder of Immersive Media Corp. Files Early
Warning Report

CALGARY, ALBERTA--(CCNMatthews - March 15, 2005) - Immersive Media Corp.
(TSX VENTURE:IMC) -

Venture Ad Astra, LLC announces today that it has acquired beneficial
ownership and control of 2,271,779 common shares ("Common Shares") and
100,000 options to purchase Common Shares ("Options") of Immersive Media
Corp. ("IMC"). All Common Shares were acquired pursuant to a series of
private placements prior to IMC's Initial Public Offering that closed
March 10, 2005 (the "IPO").

Following the closing of the IPO, Venture Ad Astra, LLC beneficially
owns, or has control or direction over, an aggregate of 2,271,779 Common
Shares and 100,000 Options of IMC which represents approximately 11.8%
of the issued and outstanding Common Shares (19,977,791 Common Shares at
the date hereof).

A copy of the early warning report filed in connection with this press
release may be obtained from www.sedar.com under the profile for
Immersive Media Corp.

Information provided herein contains forward-looking statements. The
reader is cautioned that assumptions used in the preparation of such
information, which are considered reasonable by Immersive Media Corp. at
the time of preparation, may be proved to be incorrect. Actual results
achieved during the forecast period will vary from the information
provided and the variations may be material. There is no representation
by Immersive that actual results achieved during the forecast period
will be the same in whole or in part as those forecast.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Immersive Media Corp.
    David G. Anderson
    Chief Financial Officer and Corporate Secretary
    (403) 264-8817
    Website: www.immersivemedia.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.