Urbanimmersive Inc.
TSX VENTURE : UI
OTC PINK : UBMRF

Urbanimmersive Inc.

August 23, 2017 16:05 ET

Urbanimmersive Provides the 2017 Third Quarter Highlights

MONTREAL, QUÉBEC--(Marketwired - Aug. 23, 2017) - Leading real estate content exchange platform Urbanimmersive Inc. ("Urbanimmersive" or the "Company") (TSX VENTURE:UI) (OTC PINK:UBMRF), a real estate content marketing platform, today provides highlights for the third quarter of the financial year that ended on June 30, 2017.

During the third quarter of 2017, Urbanimmersive continued its efforts to deploy its visual content business in Québec, the Centris® Marketplace (the Marketplace), which was launched at the end of the second quarter, on March 27.

The signature of exclusive affiliate program agreements with ID-3 Technologies, GraphicID, Ubica, Photopano360, DroneStudio and five (5) other real estate content providers enabled the Company to increase its revenues during of the last quarter. Through these agreements, the affiliated suppliers undertake to transfer their real estate customers so that they can use the Marketplace for all orders for services, in order to benefit from a multitude of strategic advantages. Consequently, all new orders for services to affiliated suppliers will be invoiced through the Marketplace by the Company. The Company estimates that these new orders will represent annual potential revenues of approximately $1.4M.

In consideration for the signing of the exclusive affiliation agreements with GraphicID and ID-3, the Company issued 1,141,667 common shares of the Company (the "Shares Issued"), for a total value of $ 173,500. In addition to any legal restrictions, Shares issued are subject to a mandatory holding period and a transfer restriction of eighteen (18) months.

Given the success of the new affiliate program and the potential impact on future revenue growth, the Company plans to pursue this strategy and offer these types of agreements to other targeted suppliers in Canada and in the United States. As such, the presentation of the affiliate program with Canadian suppliers generated a lot of interest. The Corporation is currently working to translate these efforts into contractual arrangements in the coming months.

During the same quarter, the Company continued its research and development efforts and proceeded with the beta launch of an HDR imaging solution. Fully integrated into the Marketplace, this HDR imaging solution will enable photographers to increase productivity and reduce cost while providing superb imaging. The goal of these new products is to attract and retain visual content providers in the Marketplace.

For further financial information, please consult the Corporation's interim consolidated financial statement as well as the Management Report for the quarter ended June 30, 2017, at www.sedar.com

About Urbanimmersive

Urbanimmersive is a content marketing platform for the real estate industry. The Company connects real estate professionals, photographers and writers in order to simplify and optimize original content production workflow. Urbanimmersive enables its customers to leverage their marketing investment while increasing productivity, competitiveness, their web visibility, consumer engagement with their brand and ultimately, their revenue.

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

Caution Concerning Forward-Looking Statements

Certain statements in this news release, other than statements of historical fact, are forward-looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management estimates or opinions change. For additional information with respect to certain of these and other assumptions and risk factors, please refer to the last Corporation's MD&A 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