SAINT-HUBERT, Quebec, Oct. 21, 2022 (GLOBE NEWSWIRE) — Urbanimmersive Inc. (“Urbanimmersive”, the “Company” or “UI”) (TSX VENTURE (“TSXV”): UI) (OTCQB: UBMRF) is happy to announce having accomplished the acquisition of all the pursuits of the actual property pictures company, HOMEVISIT, LLC (“HomeVisit”) from CORELOGIC SOLUTIONS, LLC (“CoreLogic”) for a purchase order worth of $CAD 9.0M, topic to customary changes, glad by way of 1) the issuance of 9,287,707 widespread shares of the Company at a worth per share of $0.25 for a worth of $2.32M and a couple of) the issuance of a 5-year Secured Promissory Note (“Note”) in the principal quantity of $6.43M for the adjusted stability of the buy worth, bearing curiosity at 7.50% every year and capitalized to the Note. All shares issued are topic to a 4-month minimal holding interval.
About HomeVisit
HomeVisit, situated in Chantilly, Virginia (USA), is a number one supplier of advertising targeted actual property options, together with property itemizing pictures, videography, 3D excursions, drone imagery, printing providers and different associated providers. For extra data: https://www.homevisit.com/en-US.
About Urbanimmersive
Urbanimmersive develops and commercializes actual property pictures applied sciences and providers targeted on redefining business visible content material requirements. The Company all-in-one platform permits high-volume pictures companies to extend operational productiveness delivering feature-rich 3D excursions and flooring plans, modern property web sites and high-resolution AI-indexed photographs. The Company working segments embody software program (SaaS), 360 digicam {hardware} and, in a rising quantity of North American cities, technology-powered actual property pictures service business items main the business photo-shoots requirements transformation. For extra data: https://www.urbanimmersive.com.
Caution of Forward-Looking Statements
Certain statements on this information launch, aside from statements of historic reality, are forward-looking data that includes numerous dangers and uncertainties. Such statements are essentially topic to dangers and uncertainties, some of that are vital in scope and nature. These uncertainties could trigger precise outcomes to vary from data contained herein. There may be no assurance that such statements will show to be correct. Actual outcomes and future occasions might differ materially from these anticipated in such statements. These and all subsequent written and oral forward-looking statements are based mostly on the estimates and opinions of the administration on the dates they’re made and expressly certified of their entirety by this discover. The Company assumes no obligation to replace forward-looking statements ought to circumstances or administration estimates or opinions change.
For extra data, please contact:
Urbanimmersive Inc.
Ghislain Lemire
President & CEO
514-394-7820 X 202
[email protected]
Simon Bédard, CA, CPA, CFA, MBA
Chief Financial Officer
514 394-7820 X 224
[email protected]
