Urbanimmersive Technologies Inc.

Urbanimmersive Technologies Inc.

February 03, 2015 14:49 ET

Urbanimmersive Announces the Signing of Two Agreements for its New Immersive Real Estate Blog Platform

One is with the APCHQ and the other with an organization operating one of the largest real estate websites in Canada in terms of traffic which wishes to remain anonymous until the launch of the solution

MONTREAL, QUEBEC--(Marketwired - Feb. 3, 2015) - Urbanimmersive Technologies Inc. (the "Company" or "Urbanimmersive") (TSX VENTURE:IU) is pleased to announce today the signing of two agreements for the integration of its new immersive real estate blog platform. One of the two agreements is with APCHQ, (the Association of Professional Construction and Housing of Quebec) already a customer of the Company and the other is with an organization operating one of the largest real estate websites in Canada in terms of traffic including all industries combined. For strategic reasons, this organization wishes to remain anonymous until the launch of the blog scheduled in the next coming weeks.

As part of these new agreements, Urbanimmersive will provide a turn key solution that includes its immersive blog platform technology and the production of articles related to real estate.

"Since the business model of our new immersive blog platform is primarily based on advertising revenue coming from ads inserted in articles, we can consider ourselves privileged to sign with two leaders in the real estate market, one of which operates one of the largest real estate sites in Canada in terms of traffic." said Ghislain Lemire, CEO Urbanimmersive. "I believe that these agreements confirm that our recent research and development efforts to monetize the use of our technology in the real estate market are showing real promise."

"These new agreements will provide excellent visibility to the new immersive blog platform and could serve as a launch pad for export. It is now easier to consider exporting our new immersive blog platform since the revenue model is based on the advertising performance of each article we produce rather than solely on the number of immersive tours sold" added Ghislain Lemire.

To experience the immersive blog visit; www.urbanimmersive.com. All the images contained in articles are immersive meaning that it is possible to change the angle of view and navigate in environments using your keyboard arrows or on mobile by swapping the image.

About Urbanimmersive

Urbanimmersive is a wholly owned subsidiary of Urbanimmersive Technologies. Urbanimmersive Technologies is a digital media company that combines its expertise in visual content production to its patent-pending technology for the online marketing of real estate assets. The company also licenses its complete suite of software and technology to partners in other markets.

For more information, visit Urbanimmersive website www.urbanimmersive.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States or to any U.S. Persons. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state of the United States of America and may not be offered or sold within the United States of America or its territories or possessions unless pursuant to an exception therefrom.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution on Forward-Looking Statements

Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions. The results or events predicted in these forward-looking statements may differ materially from actual results or events. As a result, readers are cautioned not to place undue reliance on these forward-looking statements. For additional information with respect to certain of these and other assumptions and risk factors, please refer to the Corporation's MD&A dated January 27, 2015 and filed with the Canadian securities commissions. The forward-looking statements contained in this press release represent our expectations as of the date hereof. We disclaim any intention and assume no obligation to update or revise any forward-looking statements.

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