Urbanimmersive Technologies Inc.
TSX VENTURE : UI

Urbanimmersive Technologies Inc.

August 12, 2015 12:37 ET

Urbanimmersive Announces the Signing of a Memorandum of Understanding with Centris®

Centris® is the organization that operates the real estate portal Centris.ca and that provides technology resources to more than 13,000 real estate agents

MONTREAL, QUEBEC--(Marketwired - Aug. 12, 2015) - Urbanimmersive Technologies Inc. (the "Company" or "Urbanimmersive") (TSX VENTURE:UI) is pleased to announce today the signing of a Memorandum of Understanding with Centris® for the establishment of a strategic partnership agreement to commercialize locally and internationally Urbanimmersive's real estate visual content providers marketplace. The parties received the approval of their respective Boards of Directors to complete a final agreement based on the terms of the Memorandum within the next weeks.

As part of the agreement that will have an initial term of five years, Urbanimmersive will provide its online marketplace platform and Centris® will take over its commercialization. The agreement also stipulates that a representative of Centris®, to be selected jointly by the two parties, and under the approval of the concerned authorities, will join the Board of Directors of Urbanimmersive.

The creation of this partnership stems from the objective of Centris® to offer its network a solution simplifying and enhancing the use of professional visual content providers that meet high quality standards. The visual content marketplace developed by Urbanimmersive meets these objectives. The solution will allow real estate brokers to find, compare and book online real estate visual content providers offering photograph services, videos, virtual tours, immersive visits, 3D tours, aerial photographs and other digital media. The platform is open to freelancers as well as established photographer agencies in order to provide a greater diversity of service offerings to real estate brokers.

"Visual content is an important component of the real estate marketing. The marketplace will also increase the productivity of real estate brokers and visual content providers", added Éric Charbonneau, General Manager of Centris®.

"For Urbanimmersive, this partnership is strategic. The expertise of Centris®, the strength of its network and its willingness to collaborate in the expansion of the solution outside of Quebec will be a growth driver for the marketplace adoption" said Ghislain Lemire, CEO of Urbanimmersive.

About Centris®

Centris® is a division of the Greater Montreal Real Estate Board exclusively offering technology resources to 12 real estate boards of Quebec and their more than 13,000 real estate brokers. Centris.ca is the website portal of the Quebec real estate industry for consumers, where all properties for sale by real estate brokers in Quebec are grouped at the same address.

About Urbanimmersive

Based in Laval, Quebec, Canada, Urbanimmersive is a digital media company dedicated to the online real estate market. The Company provides marketing content production services and innovative technology solutions specifically designed to increase productivity and business revenues of its customers. The Company's customers are primarily home builders, promoters, real estate brokers, brokerage agencies and real estate portal operators.

For more information, visit technologies.urbanimmersive.com

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 management proxy circular dated March 25, 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.

Contact Information

  • SOURCE:
    Urbanimmersive Technologies Inc.

    Urbanimmersive Inc. / Urbanimmersive Technologies Inc.:
    Ghislain Lemire, President and CEO
    514-394-7820
    ghislainlemire@urbanimmersive.com